ZIMMER HOLDINGS INC
GUARANTEE ASSUMPTION AGREEMENT
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>c71109exv10w1.htm
<DESCRIPTION>GUARANTEE ASSUMPTION AGREEMENT
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<P align="right"><FONT size="2"><B>Exhibit&nbsp;10.1</B></FONT>


<P align="center"><FONT size="2"><u>GUARANTEE ASSUMPTION AGREEMENT</u></FONT>


<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GUARANTEE ASSUMPTION AGREEMENT, dated as of June&nbsp;24, 2002 (this &#147;Guarantee
Assumption Agreement&#148;), made by each of the signatories hereto (the &#147;Additional
Guarantors&#148;) in favor of the Lenders. All capitalized terms not defined herein
shall have the meaning ascribed to them in the Credit Agreement referred to
below.
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<P align="center"><FONT size="2"><u>W I T N E S S E T H</u>:
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, it is a condition to the continuing effectiveness of the Three
Year Competitive Advance and Revolving Credit Facility Agreement (as amended,
restated, supplemented or otherwise modified from time to time, the &#147;Credit
Agreement&#148;), dated as of July&nbsp;31, 2001, among Zimmer Holdings, Inc., Zimmer,
Inc., Zimmer K.K., Zimmer LTD., the Borrowing Subsidiaries, the lenders parties
thereto (the &#147;Lenders&#148;), JPMorgan Chase Bank (formerly known as The Chase
Manhattan Bank), as administrative agent for the Lenders, JPMorgan Chase
Bank-Tokyo Branch (formerly known as The Chase Manhattan Bank, Tokyo Branch),
as administrative agent for the Japanese Lenders, JPMorgan Europe Ltd (formerly
known as Chase Manhattan International Limited), as administrative agent for
the Euro Lenders, Bank of America, N.A., as syndication agent for the Lenders,
JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as
competitive advance facility agent, ABN Amro Bank N.V., as co-documentation
Agent, Fleet National Bank, as co-documentation Agent, and Suntrust Bank, as
co-Documentation Agent, that the Additional Guarantors execute and deliver this
Guarantee Assumption Agreement in order to become Guarantors under the Credit
Agreement; and
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Additional Guarantor has agreed to execute and deliver this
Guarantee Assumption Agreement in order to become a Guarantor under the Credit
Agreement;
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the premises set forth above, it is
agreed:
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Additional Guarantor. By executing and delivering this Guarantee
Assumption Agreement, each Additional Guarantor hereby agrees to become a
&#147;Guarantor&#148; for all purposes of the Credit Agreement and, as such, expressly
assumes all of the obligations and liabilities of a Guarantor thereunder.
Without limiting the generality of the foregoing, such Additional Guarantor
hereby guarantees to each Lender and their respective successors, indorsees,
transferees and assigns the prompt and complete payment and performance by the
Borrowers when due (whether at stated maturity, by acceleration or otherwise)
of the Borrower Obligations in the same manner and to the same extent as is
provided in Section&nbsp;15.16 of the Credit Agreement. Each Additional Guarantor
further agrees to be bound by all of the provisions of the Credit Agreement
applicable to a Guarantor thereunder and agrees that it shall become a
Guarantor, for all purposes of the Credit Agreement to the same extent as if
originally a party thereto with the representations and warranties contained
therein being deemed to be made by the undersigned as of the date hereof.
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<P align="right"><FONT size="2">&nbsp;
2</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing Law. This Guarantee Assumption Agreement shall be governed
by, and construed and interpreted in accordance with, the laws of the State of
New York.
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee
Assumption Agreement to be duly executed and delivered as of the date first
above written.
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<TABLE cellspacing="0" border="0" cellpadding="0" width="50%">
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        <TD width="80">&nbsp;</TD>
        <TD width="20">&nbsp;</TD>

</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER PRODUCTION, INC., as Additional <br>
Guarantor</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ James T. Crines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: James T. Crines<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Vice President and Treasurer</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER FINANCE, INC., as Additional Guarantor</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ James T. Crines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: James T. Crines<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  President</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER ORTHOPAEDIC SURGICAL<br>PRODUCTS, INC., as Additional Guarantor</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ James T. Crines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: James T. Crines<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Vice President &#038; Treasurer</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER US, INC., as Additional Guarantor</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ James T. Crines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: James T. Crines<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Vice President &#038; Treasurer</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER TECHNOLOGY, INC., as Additional<br>Guarantor</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ James T. Crines&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: James T. Crines<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Vice President &#038; Treasurer</FONT></TD>
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<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
        <TD width="30%">&nbsp;</TD>
        <TD width="70%">&nbsp;</TD>
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<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">ZIMMER CARIBE, INC., as Additional Guarantor</FONT></TD>
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<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="1">By:<u>&nbsp;/s/ Robert Sambolin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Robert Sambolin<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:  Vice President &#038; General Manager</FONT></TD>
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