AMENDMENT NO. 1 TO CREDIT AGREEMENT This Amendment No. 1 (the "Amendment") is entered into as of September 3, 1999 by and among OMNICARE, INC., a Delaware corporation (the "Borrower"), the undersigned lenders (collectively, the "Lenders") and THE FIRST NATIONAL BANK OF CHICAGO, as one of the Lenders and in its capacity as contractual representative (the "Agent") on behalf of itself and the other Lenders. RECITALS: WHEREAS, the Borrower, the Lenders and the Agent have entered into that certain 364-Day Credit Agreement dated as of December 21, 1998 (the "Credit Agreement"); WHEREAS, the Borrower seeks to amend the Credit Agreement to extend the maturity thereof; and WHEREAS, the Lenders and the Agent are willing to amend the Credit Agreement on the terms and conditions herein set forth; NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed to such terms in the Credit Agreement. 2. Amendments to Credit Agreement. Upon the effectiveness of this Amendment in accordance with the provisions of Section 3 below, the Credit Agreement is hereby amended as follows: (a) Section 1.1 of the Credit Agreement is hereby amended by amending the definition of "Commitment" in its entirety to read as follows: "Commitment" means, for each Lender, the obligation of such Lender to make Loans not exceeding the amount set forth opposite such Lender's name on Schedule IV hereto or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof. (b) Section 1.1 of the Credit Agreement is hereby amended by deleting from the definition of "Revolving Credit Termination Date" the date "December 20, 1999" and substituting therefor the date "September 2, 2000". (c) Section 1.1 of the Credit Agreement is hereby amended by deleting from the definition of "Facility Termination Date" the date "December 20, 2000" and substituting therefor the date "September 2, 2001". (d) Section 2.2 of the Credit Agreement is hereby amended by deleting from the third sentence thereof the dates "March 20, 2000, June 20, 2000, September 20, 2000" and substituting therefor the dates "December 2, 2000, March 2, 2001, June 2, 2001". (e) The Credit Agreement is amended by adding thereto a new Schedule IV in the form attached hereto. 3. Exiting Lenders. 3.1 On the Effective Date, the Borrower shall pay to the Agent for the account of each of the following Lenders (the "Exiting Lenders") all accrued and unpaid commitment fees to but excluding the Effective Date, all accrued and unpaid interest on the outstanding Loans of such Exiting Lenders to but excluding the Effective Date and all amounts owing to such Exiting Lenders pursuant to Section 3.4 of the Credit Agreement: Banca CRT, S.p.A. Bank Hapoalim, B.M. Bankers Trust Company National City Bank of Kentucky Upon receipt of such amounts from the Borrower, the Agent shall promptly pay such amounts to the respective Exiting Lenders. 3.2 As of the Effective Date, the Borrower shall be deemed to have requested Loans pursuant to the Credit Agreement from only those Lenders whose Commitments are to be increased pursuant to this Amendment (the "Increasing Lenders"), the proceeds of which shall be used to repay the principal amount of the outstanding Loans of the Exiting Lenders as of the Effective Date. The respective amounts of such requested Loans shall be determined by the Agent such that, after the making of such Loans by the Increasing Lenders and the repayment of the Loans of the Exiting Lenders, the outstanding Loans on the Effective Date shall be held by the Lenders (other than the Exiting Lenders) pro rata in accordance with their respective Commitments after giving effect to this Amendment. The Agent shall give each Increasing Lender reasonable notice of the amount of its respective Loan to be made on the Effective Date, and each Increasing Lender shall make its Loan available to the Agent prior to 12:00 noon (Chicago time) on the Effective Date. Upon receipt thereof, the Agent shall promptly use the proceeds of such Loans to repay the principal amount of the outstanding Loans of the Exiting Lenders. 3.3 From and after the Effective Date and upon payment to each Exiting Lender of all principal of and interest on such Exiting Lender's outstanding Loans, all commitment fees owing to such Exiting Lender and all funding indemnification owing to such Exiting Lender in accordance with Section 3.1 and Section 3.2, each such Exiting Lender shall not be a Lender under the Credit Agreement, as amended hereby, and shall be released from all obligations thereunder, whether heretofore or hereafter arising. 3.4 On the Effective Date, the Borrower shall pay to the Agent for the account of each of the Increasing Lenders all amounts owing to such Increasing Lenders pursuant to Section 3.4 of the Credit Agreement. Upon receipt of such amounts from the Borrower, the Agent shall promptly pay such amounts to the respective Increasing Lenders. 4. Conditions of Effectiveness. This Amendment shall become effective and be deemed effective as of the date hereof (the "Effective Date") if, and only if, the Agent shall have received each of the following: (a) duly executed originals of this Amendment from the Borrower and each of the Lenders; and (b) the Reaffirmation attached hereto duly executed on behalf of each of the Initial Guarantors and Supplemental Guarantors. 5. Representations and Warranties of the Borrower. The Borrower represents and warrants to the Lenders that, as of the Effective Date: (a) there exists no Default or Unmatured Default; and (b) the representations and warranties contained in Article V of the Credit Agreement are true and correct as of the Effective Date except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty was true and correct on and as of such earlier date. 6. Reference to and Effect on the Credit Agreement. 6.1 Upon the effectiveness of this Amendment pursuant to Section 3 hereof, on and after the Effective Date each reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import and each reference to the Credit Agreement in each Loan Document shall mean and be a reference to the Credit Agreement as modified hereby. 6.2 Except as specifically waived or amended herein, all of the terms, conditions and covenants of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 6.3 The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of (a) any right, power or remedy of any Lender or the Agent under the Credit Agreement or any of the Loan Documents, or (b) any Default or Unmatured Default under the Credit Agreement. 7. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 8. Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original and all of which taken together shall constitute one and the same agreement. 9. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. IN WITNESS WHEREOF, the Borrower, the Agent and the Lenders have executed this Amendment No. 1 as of the date first above written. OMNICARE, INC. By: --------------------------------- Name: David W. Froesel, Jr. Title: Chief Financial Officer THE FIRST NATIONAL BANK OF CHICAGO, as a Lender and as Administrative Agent By: --------------------------------- Name: Title: DEUTSCHE BANK AG NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCH, as a Lender and as Co-Documentation Agent By: --------------------------------- Name: Title: By: --------------------------------- Name: Title: BANK OF AMERICA, N.A., f/k/a NationsBank, N.A. as a Lender and as Co-Documentation Agent By: --------------------------------- Name: Title: CREDIT SUISSE FIRST BOSTON, as a Lender By: --------------------------------- Name: Title: By: --------------------------------- Name: Title: FLEET NATIONAL BANK, as a Lender By: --------------------------------- Name: Title: CITICORP USA, INC. as a Lender By: --------------------------------- Name: Title: COMERICA BANK, as a Lender By: --------------------------------- Name: Title: SUNTRUST BANK, NASHVILLE, N.A., as a Lender By: --------------------------------- Name: Title: BANQUE NATIONALE DE PARIS, as a Lender By: --------------------------------- Name: Title: FIRSTAR BANK, N.A. (as successor to Star Bank), as a Lender By: --------------------------------- Name: Title: FIFTH THIRD BANK, as a Lender By: --------------------------------- Name: Title: BW CAPITAL MARKETS, INC., as a Lender By: --------------------------------- Name: Title: HARRIS TRUST AND SAVINGS BANK, as a Lender By: --------------------------------- Name: Title: EXITING LENDERS: UNICREDITO ITALIANO (as successor to Banca CRT, S.p.A.), as an Exiting Lender By: --------------------------------- Name: Title: By: --------------------------------- Name: Title: BANK HAPOALIM, B.M., as an Exiting Lender By: --------------------------------- Name: Title: By: --------------------------------- Name: Title: BANKERS TRUST COMPANY, as an Exiting Lender By: --------------------------------- Name: Title: NATIONAL CITY BANK OF KENTUCKY, as an Exiting Lender By: --------------------------------- Name: Title: SCHEDULE IV COMMITMENTS Lender Commitment ------ ---------- The First National Bank of Chicago $ 45,000,000 Bank of America, N.A. 65,000,000 Deutsche Bank AG New York Branch and/or Cayman Islands Branch 65,000,000 Citicorp USA, Inc. 50,000,000 Suntrust Bank, Nashville, N.A. 40,000,000 Banque Nationale de Paris 25,000,000 Comerica Bank 25,000,000 Credit Suisse First Boston 25,000,000 Fleet National Bank 25,000,000 Firstar Bank, N.A. 15,000,000 BW Capital Markets, Inc. 10,000,000 Harris Trust and Savings Bank 5,000,000 Fifth Third Bank 5,000,000 ------------ Total $400,000,000 REAFFIRMATION Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 1 to the 364-Day Credit Agreement dated as of December 21, 1998 by and among Omnicare, Inc., a Delaware corporation (the "Borrower"), the lenders from time to time parties thereto (collectively, the "Lenders") and The First National Bank of Chicago, as one of the Lenders and in its capacity as contractual representative (the "Agent") on behalf of itself and the other Lenders (as amended and as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement") which Amendment No. 1 is dated as of September 3, 1999 (the "Amendment"). Capitalized terms used in this Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Agent or any Lender, each of the undersigned reaffirms the terms and conditions of the Guaranty executed by it and acknowledges and agrees that such agreement and each and every other Loan Document executed by the undersigned in connection with the Credit Agreement remain in full force and effect and are hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified by the Amendment and as the same may from time to time hereafter be amended, modified or restated. AAHS ACQUISITION CORP. ACCU-MED SERVICES, INC. ACP ACQUISITION CORP. AMC-NEW YORK, INC. AMC REGIONAL HOLDINGS, INC. AMC TENNESSEE, INC. AMERICAN MEDSERVE CORPORATION ANDERSON MEDICAL SERVICES, INC. APEX LONG TERM CARE PHARMACY, INC. BEEBER PHARMACIES, INC. BPNY ACQUISITION CORP. BPTX ACQUISITION CORP. CAMPO'S MEDICAL PHARMACY, INC. CARE PHARMACEUTICAL SERVICES, INC. CP ACQUISITION CORP. CHP ACQUISITION CORP. CIP ACQUISITION CORP. CMCP ACQUISITION LLC CMD ACQUISITION CORP. COMPSCRIPT, INC. COMPSCRIPT-BOCA, INC. COMPSCRIPT-MOBILE, INC. CONSULTING AND PHARMACEUTICAL SERVICES, INC. CTLP ACQUISITION CORP. D&R PHARMACEUTICAL SERVICES, INC. DATASCRIPT CORP. DIXON PHARMACY, INC. DOWNEAST PHARMACY, INC. DYNATRAN COMPUTER SYSTEMS, INC. EHIS ACQUISITION CORP. ELECTRA ACQUISITION CORP. ENLOE DRUGS, INC. EVERGREEN PHARMACEUTICAL, INC. EVERGREEN PHARMACEUTICAL EAST, INC. EVERGREEN PHARMACEUTICAL SUPPLY, INC. EVERGREEN SPOKANE, INC. FREED'S PHARMACY, INC. GATTI LTC SERVICES, INC. HCC MEDICAL SUPPLY, INC. HMIS, INC. HOME CARE PHARMACY, INC. HOME PHARMACY SERVICES, INC. HOWARD'S PHARMACY, INC. HYTREE PHARMACY, INC. I.V. SERVICES OF OKLAHOMA, INC. INTERLOCK PHARMACY SYSTEMS, INC. JHC ACQUISITION CORP. KONSULT, INC. LANGSAM HEALTH SERVICES, INC. LANGSAM MEDICAL PRODUCTS, INC. LAWRENCE MEDICAL SUPPLY, INC. LPI ACQUISITION CORP. LO-MED PRESCRIPTION SERVICES, INC. MANAGED HEALTH CARE, INC. MED WORLD ACQUISITION CORP. MEDICAL ARTS HEALTH CARE, INC. MEDICAL COMMUNICATIONS SOFTWARE, INC. MEDICAL SERVICES CONSORTIUM, INC. MOSI ACQUISITION CORP. MSD ACQUISITION CORP. NIHAN & MARTIN, INC. NIV ACQUISITION CORP. NORTH SHORE PHARMACY SERVICES, INC. NORTHWEST PHARMACEUTICAL, INC. OCR-RA ACQUISITION CORP. OKLAHOMA CONSULTING SERVICES, INC. OMNICARE PHARMACY & SUPPLY, INC. PBM-PLUS, INC. PHARMACON CORP. PHARMACY ACQUISITION, INC. PHARMACY ASSOCIATES OF GLENS FALLS, INC. PHARMED HOLDINGS, INC. PIP ACQUISITION CORP. POMPTON NURSING HOME SUPPLIERS, INC. PRN PHARMACEUTICAL SERVICES, INC. PROFESSIONAL PHARMACY GROUP, INC. ROBBY ACQUISITION CORP. ROESCHEN'S HEALTHCARE CORP. RDSI ACQUISITION CORP. SA ACQUISITION CORP. SALTD ACQUISITION CORP. SC ACQUISITION CORP. SHORE PHARMACEUTICAL PROVIDERS, INC. SPECIALIZED PATIENT CARE SERVICES, INC. SPECIALIZED PHARMACY SERVICES, INC. SCP ACQUISITION CORP. SRMS ACQUISITION LLC STERLING HEALTH CARE SERVICES, INC. SUPERIOR CARE PHARMACY, INC. TCPI ACQUISITION CORP. THG ACQUISITION CORP. THREE FORKS APOTHECARY, INC. UC ACQUISITION CORP. UNITED HEALTH CARE, INC. UNITED HEALTH REFERRAL, INC. UNITED SKIN THERAPEUTICS, INC. VALUE HEALTHCARE SERVICES, INC. VALUE PHARMACY, INC. VITAL CARE INFUSION SUPPLY, INC. WEBER MEDICAL SYSTEMS, INC. WESTHAVEN SERVICES CO. WEST-VAL CARE, INC. WILLIAMSON DRUG COMPANY, INCORPORATED WINSLOW'S PHARMACY By: ____________________________________ Bradley S. Abbott, Treasurer BADGER ACQUISITION LLC BADGER ACQUISITION OF WASHINGTON LLC BADGER ACQUISITION OF MINNESOTA LLC BADGER ACQUISITION OF WISCONSIN LLC BADGER ACQUISITION OF INDIANA LLC BADGER ACQUISITION OF KENTUCKY LLC BADGER ACQUISITION OF MICHIGAN LLC BADGER ACQUISITION OF ORLANDO LLC BADGER ACQUISITION OF TAMPA LLC BADGER ACQUISITION OF BROOKSVILLE LLC BADGER ACQUISITION OF PITTSBURGH LLC BADGER ACQUISITION OF ALLENTOWN LLC BADGER ACQUISITION OF OHIO LLC BADGER ACQUISITION OF TEXAS LLC BACH'S PHARMACY SERVICES, LLC LCPS ACQUISITION, LLC LIFE CARE OF COLORADO, LLC LIFE CARE OF MASSACHUSETTS, LLC LIFE CARE OF TENNESSEE, LLC OCR SERVICES CORPORATION OMNICARE PENNSYLVANIA MED SUPPLY, LLC OMNICARE PHARMACIES OF PENNSYLVANIA EAST, LLC OMNICARE PHARMACY OF MAINE LLC PCI ACQUISITION, LLC PHARMACY CONSULTANTS, INC. PHARM-CORP OF MAINE LLC SYNERGY HEALTHCARE SERVICES, LLC By: __________________________________ Catherine I. Greany, Secretary HOSPICE OF THE HEARTLAND, LLC By: HOSPICE ACQUISITION ONE CORP., Member By: ___________________________________________ Bradley S. Abbott, Treasurer and By: HOSPICE ACQUISITION TWO CORP., Member By: ___________________________________________ Bradley S. Abbott, Treasurer HOSPICE CARE OF OKLAHOMA, LLC By: HOSPICE ACQUISITION ONE CORP., Member By: ___________________________________________ Bradley S. Abbott, Treasurer and By: HOSPICE ACQUISITION TWO CORP., Member By: ___________________________________________ Bradley S. Abbott, Treasurer IBAH, INC. IBAH PHARMACEUTICS SERVICES, INC. By: ___________________________________________ John Imperato, Vice President COROMED, INC. By: ___________________________________________ Dale Evans, President OMNICARE MANAGEMENT COMPANY By: ___________________________________________ David W. Froesel, Jr., Treasurer