Amendment to Credit Agreement

Phibro Animal Health Corporation has entered into Amendment No. 1 to its Credit Agreement, dated as of July 3, 2024. This amendment, effective April 28, 2026, increases the revolving credit commitment available to the Company by $125,000,000, raising the total commitment from $310,000,000 to $435,000,000. The amendment was made pursuant to Section 2.14 of the Original Credit Agreement, which allows for increases in credit commitments. Various lenders, including Coöperatieve Rabobank U.A., New York Branch, Bank of America, N.A., and others, are party to this amendment, providing the additional funds. The amendment details the conditions for effectiveness, including receipt of executed counterparts, payment of fees and expenses, delivery of corporate documents, and confirmation of representations and warranties. It also outlines post-closing matters related to mortgaged properties and confirms the continued validity of guarantees and security interests. The governing law for this amendment is New York state law.