SEC Contract Filing

Filing Date: 2018-07-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d671414dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><I>Execution Version</I> </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FIRST
AMENDMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">First Amendment, dated as of June&nbsp;29, 2018 (this &#147;<U>Amendment</U>&#148;), to the Credit Agreement dated as of
April&nbsp;18, 2017 (as amended, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148; and, as amended by this Amendment, the &#147;<U>Amended Credit Agreement</U>&#148;), among HENRY SCHEIN, INC. (the
&#147;<U>Parent Borrower</U>&#148;), the several lenders from time to time party thereto (the &#147;<U>Lenders</U>&#148;), JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the &#147;<U>Administrative Agent</U>&#148;) and the
other agents party thereto. JPMORGAN CHASE BANK, N.A. is acting as sole lead arranger and sole lead bookrunner in connection with this Amendment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Parent Borrower, the Lenders and the Administrative Agent are parties to the Credit Agreement, and the Parent Borrower has
requested that the Credit Agreement be amended as set forth herein to, among other things, (i)&nbsp;permit the Parent Borrower to consummate certain transactions in connection with the Spin Off (as defined in the Amended Credit Agreement) and
(ii)&nbsp;permit the Parent Borrower to designate certain of its subsidiaries as subsidiary borrowers under the Credit Agreement from time to time; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Lenders party hereto are willing to effect the amendment set forth herein on the terms and subject to the conditions of this
Amendment; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Defined Terms</U>. Unless otherwise defined herein, capitalized terms are used herein as defined in the Credit Agreement as
amended hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendments Relating to the Spin Off</U>. Effective as of the First Amendment Effective Date, the Credit
Agreement is hereby amended as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a) Section 1.1 of the Credit Agreement is hereby amended by adding the following new definitions
in alphabetical order: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Animal Health Business</U>&#148;: the &#147;Spinco Business&#148;, as defined in the
Spinco Merger Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spin Off</U>&#148;: the dividend of the Equity Interests of Spinco to Spinco&#146;s
shareholders in one or more transactions pursuant to that certain Contribution and Distribution Agreement, dated as of April&nbsp;20, 2018 (the &#147;<U>Spinco Contribution and</U> <U>Distribution Agreement</U>&#148;), by and among the Parent
Borrower, Spinco, Direct Vet Marketing, Inc. (&#147;<U>DVM</U>&#148;) and Shareholder Representative Services LLC, solely in its capacity as the representative of DVM&#146;s stockholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spin Off Termination</U>&#148;: the termination or abandonment of that certain Agreement and Plan of Merger, dated as
of April&nbsp;20, 2018 (the &#147;<U>Spinco Merger</U> <U>Agreement</U>&#148;), by and among the Parent Borrower, Spinco, HS Merger Sub, Inc., DVM and Shareholder Representative Services LLC, solely in its capacity as the representative of
DVM&#146;s stockholders, pursuant to Section&nbsp;8.1 thereof prior to the consummation of the Spin Off. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spinco</U>&#148;: HS Spinco, Inc., a Delaware corporation and a direct,
wholly owned Subsidiary of the Parent Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b) The definition of &#147;Consolidated Total Debt&#148; is hereby amended by replacing
the last sentence of such definition with the following: &#147;For the avoidance of doubt, Indebtedness permitted pursuant to clause 8.3(b)(ix) or 8.3(b)(x) shall not be included in Consolidated Total Debt.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c) Section 8.2 of the Credit Agreement is hereby amended by (i)&nbsp;deleting &#147;or&#148; at the end of clause