Document:

Exhibit 4.1

 

[Execution]

 

TENTH AMENDMENT TO US CREDIT AGREEMENT

 

THIS TENTH
AMENDMENT TO US CREDIT AGREEMENT (herein called the “Amendment”) made as of
April 14, 2003, by and among Questar Market Resources, Inc., a Utah corporation
(“US Borrower”), Bank of America, N.A., individually and as administrative
agent for the Lenders as defined below (“US Agent”), and the undersigned
Lenders.

 

W I T N E S S E T H:

 

WHEREAS, US
Borrower, US Agent and the lenders as signatories thereto (the “Lenders”)
entered into that certain US Credit Agreement dated as of April 19, 1999 (as
heretofore amended, the “Original Agreement”), for the purpose and
consideration therein expressed, whereby the Lenders became obligated to make
loans to US Borrower as therein provided; and

 

WHEREAS, US
Borrower, US Agent and the undersigned Lenders desire to amend the Original
Agreement for the purposes as provided herein;

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements contained herein and in the Original Agreement, in consideration of
the loans which may hereafter be made by Lenders to US Borrower, and for other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto do hereby agree as follows:

 

ARTICLE I.

 

Definitions and References

 

Section 1.1.    Terms Defined in the Original
Agreement.  Unless the context otherwise
requires or unless otherwise expressly defined herein, the terms defined in the
Original Agreement shall have the same meanings whenever used in this
Amendment.

 

Section 1.2.    Other Defined Terms.  Unless the context otherwise requires, the
following terms when used in this Amendment shall have the meanings assigned to
them in this Section 1.2.

 

”Amendment” means this Tenth Amendment to US Credit Agreement.

 

”US Credit Agreement” means the Original Agreement as amended hereby

 

ARTICLE II.

 

Amendments to Original Agreement

 

Section 2.1.    Amendment and Restatement of Annex I.  Annex I to the Original Agreement is hereby
amended and restated in its entirety to read as set forth in Annex I attached
hereto and made a part hereof.

 

Section 2.2.    Extension of Tranche B Conversion Date:  Section 1.1(e)(ii) of the Original Agreement
is hereby amended in its entirety to read as follows:

 

1

 

 

”(ii)         replace
the Non-Accepting Tranche B Lender by reaching satisfactory arrangements with
one or more existing Tranche B Lenders or new Tranche B Lenders, for the
purchase, assignment and assumption of all US Obligations of such Non-Accepting
Tranche B Lender with respect to Tranche B Loans, and such Non-Accepting
Tranche B Lender shall be obligated to sell such Obligations in accordance with
such satisfactory arrangements.”

 

Section 2.3.    Increase in Commitments.  Section 1.1(f) of the Original Agreement is
hereby deleted and replaced with the following:

 

 

”(f)                  Increase in Commitments.  At any time during the US Facility
Commitment Period, the Tranche A Maximum Credit Amount and the US Maximum
Credit Amount may be increased, pro rata, by an aggregate amount of $4,400,000,
in minimum amounts of $1,000,000 and at any time during the Tranche B Revolving
Period, the Tranche B Maximum Credit Amount and the US Maximum Credit Amount
may be increased, pro rata, by an aggregate amount of $6,554,546.06, in minimum
amounts of $1,000,000, in each case, at the request of US Borrower and with the
prior written consent of the US Agent (which consent shall not be unreasonably
withheld) and without the consent of any Lender, except the Person that agrees
to commit to such increase; provided that if such Person is not an existing
Lender, such Person shall become a party to the US Agreement and shall agree to
all of the terms and conditions of the US Loan Documents.  US Agent is hereby authorized to execute and
deliver amendments to the Loan Documents to effectuate the foregoing on behalf
of all Lenders.”

 

Section 2.4.    Fees. 
Sections 1.5(c) of the Original Agreement is hereby amended in its
entirety to read as follows:

 

”(c)    Utilization
Fees.  During the period from April 14,
2003, until the Tranche B Conversion Date, US Borrower will pay to US Agent for
the account of each Lender under the US Agreement, a utilization fee for each
day on which the Aggregate Facility Usage exceeds thirty three and one-third
percent (33 1/3 percent) of the US Maximum Credit Amount; provided that,
if the Tranche B Loans have been converted to term loans, they shall be
excluded from the calculation of utilization fees.  The amount of the utilization fee shall be determined on a daily
basis by applying the Utilization Fee Rate to each such Lender’s Percentage
Share of the US Facility Usage on each such day.  This utilization fee shall be due and payable in arrears on each
Interest Payment Date for US Base Rate Loans and at the end of the US Facility
Commitment Period.”

 

Section 2.5.    Assignments and Participations.  Section 10.6 of the Original Agreement is
hereby amended in its entirety to read as follows:

 

”Section
10.6.   Assignments and Participations.

 

(a)     Each
Lender may assign to one or more Eligible Transferees all or a portion of its
rights and obligations under this Agreement (including, without limitation, all
or a portion of its US Loans, its US Notes, and its Tranche A Percentage Share
or Tranche B Percentage Share of the applicable US Obligations); provided,
however, that

 

(i)            each such
assignment shall be to an Eligible Transferee;

 

(ii)           except in the case of such an
assignment to another Lender or an assignment of all of a Lender’s rights and
obligations under this Agreement, any partial assignment of such Lender’s
rights and obligations under this Agreement shall be in a collective amount at
least equal to US $5,000,000 or an integral multiple thereof;

 

2

 

 

(iii)          the parties to such assignment shall
execute and deliver to US Agent for its acceptance an Assignment and Acceptance
in the form of Exhibit F hereto, together with any Note subject to such
assignment and a processing fee of US $3,500; and

 

Upon execution, delivery, and acceptance of
such Assignment and Acceptance, the assignee thereunder shall be a party hereto
and, to the extent of such assignment, have the obligations, rights, and
benefits of a Lender hereunder and the assigning Lender shall, to the extent of
such assignment, relinquish its rights and be released from its obligations
under this Agreement.  Upon the
consummation of any assignment pursuant to this section, the assignor, US Agent
and US Borrower shall make appropriate arrangements so that, if required, new
US Notes are issued to the assignor and the assignee.  If the assignee is not incorporated under the Laws of the United
States of America or a state thereof, it shall deliver to US Borrower and US
Agent certification as to exemption from deduction or withholding of Taxes in
accordance with Section 3.9.

 

(b)     US Agent
shall maintain at its address referred to in Section 10.3 a copy of each
Assignment and Acceptance delivered to and accepted by it and a register for the
recordation of the names and addresses of the Lenders and their Tranche A
Percentage Share or Tranche B Percentage Share, as the case may be, of, and
principal amount of the applicable US Obligations owing to, each Lender from
time to time (the “Register”). 
The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and US Borrower, US Agent and the Lenders may
treat each Person whose name is recorded in the Register as a Lender hereunder
for all purposes of this Agreement.  The
Register shall be available for inspection by US Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

 

(c)     Upon
its receipt of an Assignment and Acceptance executed by the parties thereto, together
with any US Notes subject to such assignment and payment of the processing fee,
US Agent shall, if such Assignment and Acceptance has been completed and is in
substantially the form of Exhibit F hereto,  accept such Assignment and
Acceptance,  record the information contained therein in the Register and
 give prompt notice thereof to the parties thereto.

 

(d)     Each
Lender may sell participations to one or more Persons that are Eligible
Transferees in all or a portion of its rights and obligations under this
Agreement (including all or a portion of its US Maximum Credit Amount and its
US Loans); provided, however, that  such Lender’s
obligations under this Agreement shall remain unchanged,  such Lender
shall remain solely responsible to the other parties hereto for the performance
of such obligations,  the participant shall be entitled to the benefit of
the yield protection provisions contained in Article III and the right of
offset contained in Section 6.14, and  US Borrower shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights
and obligations under this Agreement, and such Lender shall retain the sole
right to enforce the obligations of US Borrower relating to its US Loans and
its US Notes and to approve any amendment, modification, or waiver of any
provision of this Agreement (other than amendments, modifications, or waivers
decreasing the amount of principal of or the rate at which interest is payable
on such US Loans or US Notes, extending any scheduled principal payment date or
date fixed for the payment of interest on such US Loans or US Notes, or
increasing its Tranche A Maximum Credit Amount or its Tranche B Maximum Credit
Amount).”

 

Section 2.6.            Lenders Schedule.  The Lenders Schedule attached to the
Original Agreement is deleted and Schedule 1 hereto is substituted therefor.

 

ARTICLE III.

 

Conditions of Effectiveness

 

3

 

Section 3.1.            Effective Date.  This Amendment shall become effective as of
the date first above written when, and only when, US Agent shall have received,
at US Agent’s office:

 

(i)            a
counterpart of this Amendment executed and delivered by US Borrower and
Required Lenders (including all Tranche B Lenders);

 

(ii)           (1)
a Tranche B Note of even date herewith executed by US Borrower in favor of
Wells Fargo Bank, N.A. (“Wells Fargo”), in the aggregate principal amount of
$2,727,272.94, renewing and extending that certain Tranche B Note dated as of
April 15, 2002, executed by US Borrower in favor of Wells Fargo in
the aggregate principal amount of $2,727,273; (2) a Tranche B Note of even date
herewith executed by US Borrower in favor of U.S. Bank National Association
(“US Bank”), in the aggregate principal amount of $5,000,000, renewing and extending
that certain Tranche B Note dated as of April 15, 2002, executed by US Borrower
in favor of US Bank in the aggregate principal amount of $4,545,455; and (3) a
Tranche B Note of even date herewith executed by US Borrower in favor of
SunTrust Bank (“SunTrust”), in the aggregate principal amount of $10,000,000,
renewing and extending that certain Tranche B Note dated as of April 15, 2002,
executed by US Borrower in favor of SunTrust in the aggregate principal amount
of $6,818,182;

 

(ii)           a
certificate of the Secretary or Assistant Secretary and of the President, Chief
Financial Officer or Vice President of Administrative Services of US Borrower
dated the date of this Amendment certifying: (a) that resolutions adopted
in connection with the Original Agreement by the Board of Directors of the US
Borrower authorize the execution, delivery and performance of this Amendment by
US Borrower, (b) to the names and true signatures of the officers of the
US Borrower authorized to sign this Amendment, and (c) that all of the
representations and warranties set forth in Article V hereof are true and
correct at and as of the time of such effectiveness; and

 

(iii)          all
fees and reimbursements to be paid to US Agent pursuant to any US Loan
Documents, or otherwise due US Agent, including fees and disbursements of US
Agent’s attorneys.

 

ARTICLE IV.

 

Representations and Warranties

 

Section 4.1.            Representations and Warranties of
Borrower.  In order to induce US
Agent and Lenders to enter into this Amendment, US Borrower represents and
warrants to US Agent that:

 

(a)           The
representations and warranties contained in Article V of the Original Agreement
are true and correct at and as of the time of the effectiveness hereof.

 

(b)           US
Borrower has duly taken all action necessary to authorize the execution and
delivery by it of this Amendment and to authorize the consummation of the
transactions contemplated hereby and the performance of its obligations
hereunder.  US Borrower is duly
authorized to borrow funds under the US Credit Agreement.

 

(c)           The
execution and delivery by US Borrower of this Amendment, the performance by US
Borrower of its obligations hereunder and the consummation of the transactions
contemplated herein do not and will not (a) conflict with any provision of
(i) any

 

4

 

Law, (ii) the organizational documents of US Borrower, or (iii) any
agreement, judgment, license, order or permit applicable to or binding upon US
Borrower, or (b) result in the acceleration of any Indebtedness owed by US
Borrower, or (c) result in or require the creation of any Lien upon any assets
or properties of US Borrower, except as expressly contemplated or permitted in
the Loan Documents.  Except as expressly
contemplated in the Loan Documents no consent, approval, authorization or order
of, and no notice to or filing with any Tribunal or third party is required in
connection with the execution, delivery or performance by US Borrower of this
Amendment or to consummate any transactions contemplated herein.

 

(d)           This
Amendment is a legal, valid and binding obligation of US Borrower, enforceable
in accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency or similar Laws of general application relating to the
enforcement of creditors’ rights and by equitable principles of general
application relating to the enforcement of creditor’s rights.

 

ARTICLE V.

 

Miscellaneous

 

Section 5.1.            Ratification of Agreements.  The Original Agreement as hereby amended is
hereby ratified and confirmed in all respects. 
The US Loan Documents, as they may be amended or affected by this
Amendment, are hereby ratified and confirmed in all respects. Any reference to
the US Credit Agreement in any Loan Document shall be deemed to be a reference to
the Original Agreement as hereby amended. 
The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of Lenders under the US Credit Agreement, the US Notes, or any other US
Loan Document nor constitute a waiver of any provision of the US Credit
Agreement, the US Notes or any other US Loan Document.

 

Section 5.2.            Survival of Agreements;
Cumulative Nature.  All of US
Borrower’s various representations, warranties, covenants and agreements herein
shall survive the execution and delivery of this Amendment and the performance
hereof, including without limitation the making or granting of the US Loans,
and shall further survive until all of the US Obligations are paid in full to
each Lender Party and all of Lender Parties’ obligations to US Borrower are
terminated.  All statements and
agreements contained in any certificate or instrument delivered by any
Restricted Person hereunder or under the US Credit Agreement to any Lender
Party shall be deemed representations and warranties by US Borrower or
agreements and covenants of US Borrower under this Amendment and under the US
Credit Agreement.  The representations,
warranties, indemnities, and covenants made by Restricted Persons in the US
Loan Documents, and the rights, powers, and privileges granted to Lender
Parties in the US Loan Documents, are cumulative, and, except for expressly
specified waivers and consents, no Loan Document shall be construed in the
context of another to diminish, nullify, or otherwise reduce the benefit to any
Lender Party of any such representation, warranty, indemnity, covenant, right,
power or privilege.  In particular and
without limitation, no exception set out in this Amendment to any representation,
warranty, indemnity, or covenant herein contained shall apply to any similar
representation, warranty, indemnity, or covenant contained in any other Loan
Document, and each such similar representation, warranty, indemnity, or
covenant shall be subject only to those exceptions which are expressly made
applicable to it by the terms of the various US Loan Documents.

 

Section 5.3.            Loan Documents.  This Amendment is a US Loan Document, and
all provisions in the US Credit Agreement pertaining to US Loan Documents apply
hereto.

 

5

 

Section 5.4.            Governing Law.  This Amendment shall be governed by and
construed in accordance the laws of the State of Utah and any applicable laws
of the United States of America in all respects, including construction,
validity and performance.  US Borrower
hereby irrevocably submits itself and each other Restricted Person to the
non-exclusive jurisdiction of the state and federal courts sitting in the State
of Utah and agrees and consents that service of process may be made upon it or
any Restricted Person in any legal proceeding relating to the Amendment
Documents or the Obligations by any means allowed under Utah or federal law.

 

Section 5.5.            Counterparts.  This Amendment may be separately executed in
any number of counterparts and by the different parties hereto in separate
counterparts, each of which when so executed shall be deemed to constitute one
and the same Amendment.  This Amendment
may be validly executed and delivered by facsimile or other electronic
transmission.

 

THIS AMENDMENT AND
THE OTHER US LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[The remainder of this page
has been intentionally left blank.]

 

IN WITNESS
WHEREOF, this Amendment is executed as of the date first above written.

 

 

	
   

  	
  QUESTAR MARKET RESOURCES, INC.

  
	
   

  	
  US Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  C.B. Stanley

  
	
   

  	
   

  	
  President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  	
  Mailing Address:

  
	
   

  	
   

  	
  P.O. Box 45433

  
	
   

  	
   

  	
  Salt Lake City, Utah  84145

  
	
   

  	
   

  	
  Attention:  Martin H. Craven

  
	
   

  	
   

  
	
   

  	
   

  	
  Street Address:

  
	
   

  	
   

  	
  180 East 100 South

  
	
   

  	
   

  	
  Salt Lake City, Utah  84111

  
	
   

  	
   

  	
  Telephone: (801) 324-5077

  
	
   

  	
   

  	
  Fax: (801) 324-5483

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
  Administrative Agent, US LC Issuer and Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  

 

6

 

	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TORONTO DOMINION (TEXAS), INC.

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

7

 

	
   

  	
  MIZUHO CORPORATE BANK, LTD., formerly

  
	
   

  	
  known as The Industrial Bank of Japan, Limited

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUMITOMO MITSUI BANKING

  
	
   

  	
  CORPORATION, formerly known as

  
	
   

  	
  The Sumitomo Bank, Limited

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF MONTREAL

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

8

 

	
   

  	
  BANK ONE, NA (MAIN OFFICE CHICAGO)

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, N.A., as successor to

  
	
   

  	
  First Security Bank, N.A.

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MELLON BANK, N.A.

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

9

 

	
   

  	
  U.S. BANK NATIONAL ASSOCIATION

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF TOKYO-MITSUBISHI, LTD.,

  
	
   

  	
  HOUSTON AGENCY

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUNTRUST BANK

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

10Exhibit
10.01

 

SECOND
AMENDMENT TO 364-DAY CREDIT AGREEMENT

 

THIS SECOND
AMENDMENT TO 364-DAY CREDIT AGREEMENT (this “Amendment”), dated as of March 28, 2003, is entered into
among WELLPOINT HEALTH NETWORKS INC., a Delaware corporation (the “Borrower”),
the Lenders identified on the signature pages hereto as the existing Lenders
(the “Existing Lenders”), the Lenders identified on the signature pages
hereto as the new Lenders (the “New Lenders”), BANK OF
AMERICA, N.A., as administrative
agent for the Lenders (in such capacity, the “Administrative Agent”) and
JPMORGAN
CHASE BANK, as syndication agent (in such capacity, the “Syndication
Agent”).  Terms used but not otherwise defined herein shall have the
meanings provided in the Existing Credit Agreement described below.

 

W I T N
E S S E T H

 

WHEREAS, the Borrower, the Lenders party thereto, the
Administrative Agent and the Syndication Agent entered into that certain Credit
Agreement, dated as of March 30, 2001, as amended by that certain First
Amendment to 364-Day Credit Agreement, dated as of March 29, 2002 (the “Existing
Credit Agreement”);

 

WHEREAS, the
Borrower has requested to extend the Commitment Termination Date for an
additional 364 day period, and the Existing Lenders have agreed to extend their
respective Commitments and amend the Existing Credit Agreement in accordance
with such request and as provided herein; and

 

WHEREAS, the
Borrower, the Existing Lenders and the New Lenders have agreed that the New
Lenders shall become parties to the Existing Credit Agreement (as amended
hereby).

 

NOW, THEREFORE, in
consideration of the agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

 

PART 1

DEFINITIONS

 

SUBPART 1.1  Certain Definitions.  Unless otherwise defined herein or the
context otherwise requires, the following terms used in this Amendment,
including its preamble and recitals, have the following meanings:

 

“Amended Credit
Agreement” means the Existing Credit Agreement as amended hereby.

 

“Amendment No. 2 Effective Date” is defined in Subpart
3.1.

 

SUBPART 1.2  Other Definitions.  Unless otherwise defined herein or the
context otherwise requires, terms used in this Amendment, including its
preamble and recitals, have the meanings provided in the Existing Credit
Agreement.

 

 

PART 2

AMENDMENTS
TO EXISTING CREDIT AGREEMENT

 

Effective on (and subject
to the occurrence of) the Amendment No. 2 Effective Date, the Existing Credit
Agreement is hereby amended in accordance with this Part 2.

 

SUBPART 2.1  Amendments
to Section 1.01.  Section 1.01
of the Existing Credit Agreement is hereby amended in the following respects:

 

(a)           The definition of “Commitment
Termination Date” is hereby amended in its entirety to read as follows:

 

“Commitment
Termination Date” shall mean the date 364 days following March 28, 2003.

 

(b)           The definition of “Maturity Date”
is hereby amended in its entirety to read as follows:

 

“Maturity Date” shall
mean the date one year following the Commitment Termination Date.

 

SUBPART
2.2  Amendments to Section 2.14.  Sections 2.14(a) and (b) of the Existing
Credit Agreement are hereby amended and restated in the following respects:

 

Section 2.14         Interest.

 

(a)           The Loans comprising each ABR
Borrowing shall bear interest at a rate per annum equal to the Alternate Base
Rate; provided, however, ABR Loans outstanding on the Commitment
Termination Date shall bear interest at a rate per annum equal to the Alternate
Base Rate plus .125% until paid in full.

 

(b)           The Loans comprising each Eurodollar
Borrowing shall bear interest at a rate per annum equal to the LIBO Rate for
the Interest Period in effect for such Borrowing plus the Applicable
Rate; provided, however, Eurodollar Loans outstanding on the
Commitment Termination Date shall bear interest at a rate per annum equal to
the LIBO Rate plus the Applicable Rate plus .125% until paid in
full.

 

SUBPART 2.3  Amendments to Section 2.19.  The penultimate sentence in Section 2.19(a) of the Existing
Credit Agreement is hereby amended and restated as follows:

 

“If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest
thereon shall be payable for the period of such extension; provided, however,
that if the Maturity Date is not a Business Day, the date for payment shall be
on the next preceding Business Day.”

 

2

 

SUBPART 2.4  Amendments to Section 3.10.  Section 3.10 of the Existing Credit Agreement is hereby amended
and restated as follows:

 

Section 3.10     ERISA.

 

No ERISA Event has
occurred or is reasonably expected to occur that, when taken together with all
other such ERISA Events for which liability is reasonably expected to occur,
could reasonably be expected to result in a Material Adverse Effect.  The present value of all accumulated benefit
obligations under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) did not, as of the
date of the most recent financial statements reflecting such amounts, exceed by
more than $100,000,000 the fair market value of the assets of such Plan, and
the present value of all accumulated benefit obligations of all underfunded
Plans (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed by more than $100,000,000
the fair market value of the assets of all such underfunded Plans.

 

SUBPART 2.5  Amendments to Section 9.12.  Clause (f) of Section 9.12 of the Existing Credit Agreement is
hereby amended and restated as follows:

 

(f) subject to an agreement containing provisions substantially
the same as those of this Section, to any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations
under this Agreement, any securitization of or Hedging Agreement with respect
to such rights or obligations,

 

SUBPART 2.6  Amendments to Schedule 2.01.  Schedule 2.01 of the Existing Credit
Agreement is hereby replaced with Schedule 2.01 attached hereto.

 

PART 3

CONDITIONS
TO EFFECTIVENESS

 

SUBPART 3.1  Amendment No. 2 Effective Date.  This Amendment shall be and become effective
as of the date hereof (the “Amendment No. 2 Effective Date”) when all of
the conditions set forth in this Part 3 shall have been satisfied, and
thereafter this Amendment shall be known, and may be referred to, as the “Amendment”.

 

SUBPART 3.2  Execution of Counterparts of Amendment.  The Administrative Agent shall have received
counterparts of this Amendment, which collectively shall have been duly
executed on behalf of each of the Borrower, the Existing Lenders, the New
Lenders, the Administrative Agent and the Syndication Agent.

 

SUBPART 3.4  Fees and Expenses.  The Borrower has paid all fees and expenses
incurred in connection with the negotiation, preparation, execution and
delivery of this Amendment and the other transactions contemplated herein
including, without limitation, the legal fees and expenses of Moore & Van
Allen, counsel to the Administrative Agent.

 

SUBPART 3.5  Other Items.  The Administrative Agent shall have received
such other documents, agreements or information that may be reasonably
requested by the Administrative Agent.

 

3

 

PART 4

JOINDER
OF NEW LENDERS

 

From and after the
Amendment No. 2 Effective Date, each of the New Lenders shall be a party to and
be bound by the provisions of the Existing Credit Agreement (as amended hereby)
and shall have the rights and obligations of a Lender thereunder.

 

Each New Lender (i)
confirms that it has received a copy of the Existing Credit Agreement and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Amendment; (ii) agrees that it
will, independently and without reliance upon the Administrative Agent or any
other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Existing Credit Agreement (as amended hereby); (iii)
appoints and authorizes the Administrative Agent to take such action as agent
on its behalf and to exercise such powers and discretion under the Existing
Credit Agreement (as amended hereby) as are delegated to the Administrative
Agent by the terms thereof, together with such powers and discretion as are
reasonably incidental thereto; (iv) agrees that it will perform in accordance
with their terms all of the obligations that by the terms of the Existing
Credit Agreement (as amended hereby) are required to be performed by it as a
Lender; and (v) which is not a United States person shall have attached all
forms required under Section 2.18(e) of the Existing Credit Agreement.

 

PART 5

MISCELLANEOUS

 

SUBPART 5.1  Representations and Warranties.  The Borrower hereby represents and warrants
to the Administrative Agent, the Existing Lenders and the New Lenders that,
after giving effect to this Amendment, (a) no Default or Event of Default
exists under the Amended Credit Agreement and (b) the representations and warranties
set forth in Section 3 of the Existing Credit Agreement are, subject to the
limitations set forth therein, true and correct in all material respects as of
the date hereof (except for those which expressly relate to an earlier date).

 

SUBPART 5.2  Reaffirmation of obligations.  The Borrower hereby ratifies the Existing
Credit Agreement and acknowledges and reaffirms (a) that it is bound by all
terms of the Existing Credit Agreement applicable to it and (b) that it is
responsible for the observance and full performance of its respective
obligations under the Existing Credit Agreement.

 

SUBPART 5.3  Cross-References.  References in this Amendment to any Part or
Subpart are, unless otherwise specified, to such Part or Subpart of this
Amendment.

 

SUBPART 5.4  Instrument Pursuant to Existing Credit
Agreement.  This Amendment is
executed pursuant to the Existing Credit Agreement and shall (unless otherwise
expressly indicated therein) be construed, administered and applied in
accordance with the terms and provisions of the Existing Credit Agreement.

 

SUBPART 5.5  References in Other Credit Documents.  At such time as this Amendment shall become
effective pursuant to the terms of Subpart 3.1, all references to the
“Credit Agreement” in the Existing Credit Agreement shall be deemed to refer to
the Existing Credit Agreement as amended by this Amendment.

 

4

 

SUBPART 5.6  Counterparts/Telecopy.  This Amendment may be executed by the
parties hereto in several counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.  Delivery of executed
counterparts of the Amendment by telecopy shall be effective as an original and
shall constitute a representation that an original shall be delivered.

 

SUBPART 5.7  Governing Law.  THIS AMENDMENT SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW,
BUT EXCLUDING ALL OTHER CHOICE OF LAW AND CONFLICTS OF LAW RULES).

 

SUBPART 5.8  Successors and Assigns.  This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

 

SUBPART 5.9  General.  Except as amended hereby, the Existing Credit Agreement and all
other Credit Documents shall continue in full force and effect.

 

[Remainder of Page Intentionally
Left Blank]

 

5

 

IN WITNESS
WHEREOF, the parties
hereto have executed this Second Amendment to 364-Day Credit Agreement as of
the date first above written.

 

	
  BORROWER:

  	
   

  	
  WELLPOINT HEALTH NETWORKS INC.,

  a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  R.DAVID KRETSCHMER

  
	
   

  	
   

  	
  Name:

  	
  R.David
  Kretschmer

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
  ADMINISTRATIVE AGENT:

  	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  KEVIN L. AHART

  
	
   

  	
   

  	
  Name:

  	
  Kevin
  L. Ahart

  
	
   

  	
   

  	
  Title:

  	
  Assistant
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
  SYNDICATION AGENT:

  	
   

  	
  JPMORGAN CHASE BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  JAMES S. ELY III

  
	
   

  	
   

  	
  Name:

  	
  James
  S. Ely III

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
  EXISTING LENDERS:

  	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ RICHARD L. NICHOLS,
  JR.

  
	
   

  	
   

  	
  Name:

  	
  Richard L. Nichols, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN CHASE BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  JAMES S. ELY III

  
	
   

  	
   

  	
  Name:

  	
  James
  S. Ely III

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
  NEW LENDERS:

  	
   

  	
  LEHMAN BROTHERS BANK, FSB

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ GARY T. TAYLOR

  
	
   

  	
   

  	
  Name:

  	
  Gary T. Taylor

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CITICORP USA, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ PETER C. BICKFORD

  
	
   

  	
   

  	
  Name:

  	
  Peter C. Bickford

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

6

 

	
   

  	
   

  	
  MELLON BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ MARSHA WICKER

  
	
   

  	
   

  	
  Name:

  	
  Marsha Wicker

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BANK ONE, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ VINCENT K. KELLY

  
	
   

  	
   

  	
  Name:

  	
  Vincent K. Kelly

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ C. BETTLES

  
	
   

  	
   

  	
  Name:

  	
  C. Bettles

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JANICE S. H. HO

  
	
   

  	
   

  	
  Name:

  	
  Janice S. H. Ho

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE BANK OF TOKYO-MITSUBISHI, LTD.

  SEATTLE BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ KOSUKE TAKAHASHI

  
	
   

  	
   

  	
  Name:

  	
  Kosuke Takahashi

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CREDIT
  SUISSE FIRST BOSTON,

  
	
   

  	
   

  	
  Acting
  through its Cayman Islands Branch

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ CHRISTOPHER LALLY

  
	
   

  	
   

  	
  Name:

  	
  Christopher Lally

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JENNIFER A. PIEZA

  
	
   

  	
   

  	
  Name:

  	
  Jennifer A. Pieza

  
	
   

  	
   

  	
  Title:

  	
  Associate

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DEUTSCHE BANK AG NEW YORK BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ IAIN STEWART

  
	
   

  	
   

  	
  Name:

  	
  Iain Stewart

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ PATRICK DU ILLY

  
	
   

  	
   

  	
  Name:

  	
  Patrick du Illy

  
	
   

  	
   

  	
  Title:

  	
  Associate

  

 

7

 

	
   

  	
   

  	
  SOCIETE GENERALE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ RICHARD BERNAL

  
	
   

  	
   

  	
  Name:

  	
  Richard Bernal

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BANCA DI ROMA

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ LUCA BALESTRA

  
	
   

  	
   

  	
  Name:

  	
  Luca Balestra

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President
  and Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ RICHARD G. DIETZ

  
	
   

  	
   

  	
  Name:

  	
  Richard G. Dietz

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ REBECCA K. LEVINE

  
	
   

  	
   

  	
  Name:

  	
  Rebecca K. Levine

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UBS AG, CAYMAN ISLANDS BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ PATRICIA O’KICKI

  
	
   

  	
   

  	
  Name:

  	
  Patricia O’Kicki

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ WILFRED SAINT

  
	
   

  	
   

  	
  Name:

  	
  Wilfred Saint

  
	
   

  	
   

  	
  Title:

  	
  Associate Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SUMITOMO MITSUI BANKING

  CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ AL GALLUZZO

  
	
   

  	
   

  	
  Name:

  	
  Al Galluzzo

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SUNTRUST BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ W. BROOKS HUBBARD

  
	
   

  	
   

  	
  Name:

  	
  W. Brooks Hubbard

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

8

 

	
   

  	
   

  	
  WACHOVIA BANK, NATIONAL

  ASSOCIATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ THOMAS L.
  STITCHBERRY

  
	
   

  	
   

  	
  Name:

  	
  Thomas L. Stitchberry

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FLEET NATIONAL BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ MARYANN S. SMITH

  
	
   

  	
   

  	
  Name:

  	
  Maryann S. Smith

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WELLS FARGO BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ PETTY CHOU

  
	
   

  	
   

  	
  Name:

  	
  Petty Chou

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  U.S.
  BANK, NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ MICHAEL DORN

  
	
   

  	
   

  	
  Name:

  	
  Michael Dorn

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

9

 

SCHEDULE 2.01

 

COMMITMENTS

(364-Day Credit Agreement)

 

 

	
  Lender

  	
   

  	
  Commitment
  Amount

  	
   

  	
  Commitment
  Percentage

  	
   

  
	
  Bank of America, N.A.

  	
   

  	
  $

  	
  17,500,000

  	
   

  	
  7.000000000

  	
  %

  
	
  JPMorgan Chase Bank

  	
   

  	
  $

  	
  17,500,000

  	
   

  	
  7.000000000

  	
  %

  
	
  Bank One, N.A.

  	
   

  	
  $

  	
  15,000,000

  	
   

  	
  6.000000000

  	
  %

  
	
  Citicorp USA, Inc.

  	
   

  	
  $

  	
  15,000,000

  	
   

  	
  6.000000000

  	
  %

  
	
  Mellon Bank, N.A.

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  Credit Suisse First Boston

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  The Bank of New York

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  SunTrust Bank

  	
   

  	
  $

  	
  17,500,000

  	
   

  	
  7.000000000

  	
  %

  
	
  UBS
  AG, Cayman Islands Branch

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  Deutsche Bank AG New York Branch

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  Lehman Brothers Bank, FSB

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  Wachovia Bank, National Association

  	
   

  	
  $

  	
  12,500,000

  	
   

  	
  5.000000000

  	
  %

  
	
  Fleet National Bank

  	
   

  	
  $

  	
  10,625,000

  	
   

  	
  4.250000000

  	
  %

  
	
  BNP Paribas

  	
   

  	
  $

  	
  19,375,000

  	
   

  	
  7.750000000

  	
  %

  
	
  Sumitomo Mitsui Banking Corporation

  	
   

  	
  $

  	
  8,750,000

  	
   

  	
  3.500000000

  	
  %

  
	
  Societe Generale

  	
   

  	
  $

  	
  8,750,000

  	
   

  	
  3.500000000

  	
  %

  
	
  Banca Di Roma

  	
   

  	
  $

  	
  6,250,000

  	
   

  	
  2.500000000

  	
  %

  
	
  The Bank of Tokyo-Mitsubishi, Ltd., Seattle Branch

  	
   

  	
  $

  	
  6,250,000

  	
   

  	
  2.500000000

  	
  %

  
	
  U.S. Bank, National Association

  	
   

  	
  $

  	
  15,000,000

  	
   

  	
  6.000000000

  	
  %

  
	
  Wells Fargo Bank

  	
   

  	
  $

  	
  5,000,000

  	
   

  	
  2.000000000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  $

  	
  250,000,000.00

  	
   

  	
  100.000000000

  	
  %

  

 

10

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