Exhibit 10.164a

EXECUTION COPY

2011 FIVE YEAR TIFFANY CREDIT AGREEMENT

COMMITMENT INCREASE SUPPLEMENT

COMMITMENT INCREASE SUPPLEMENT, dated as of July 26, 2012, to the Five Year
Credit Agreement, dated as of December 21, 2011, by and among Tiffany & Co. (the
“Parent”), Tiffany and Company, Tiffany & Co. International, Tiffany & Co. Japan
Inc., the other Borrowers party thereto, the Lenders party thereto and The Bank
of New York Mellon, as Administrative Agent (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”). Capitalized terms
used herein that are defined in the Credit Agreement shall have the meanings
therein defined.

1. Pursuant to Section 2.7(c) of the Credit Agreement, the Parent hereby
proposes to increase (the “Increase”) the Aggregate Core Currency Commitments
from $160,750,000 to $235,750,000, which will result in a corresponding increase
in the Aggregate Commitments from $200,000,000 to $275,000,000.

2. Each of the following Lenders (each an “Increasing Lender”) has been invited
by the Parent, and has agreed, subject to the terms hereof, to increase its Core
Currency Commitment as follows:

 

Name of Increasing Lender

   Amount of the Increase
to Core Currency
Commitment      Amount of Core  Currency
Commitment
(after giving effect to the
Increase)  

The Bank of New York Mellon

   $ 11,500,000       $ 30,500,000   

Standard Chartered Bank

   $ 11,500,000       $ 36,250,000   

Bank of America, N.A.

   $ 7,500,000       $ 20,625,000   

HSBC Bank USA, N.A.

   $ 6,500,000       $ 22,125,000   

JPMorgan Chase Bank, N.A.

   $ 13,500,000       $ 28,500,000   

Mizuho Corporate Bank (USA)

   $ 11,500,000       $ 31,250,000   

U.S. Bank National Association

   $ 6,500,000       $ 21,500,000   

Wells Fargo Bank, N.A.

   $ 6,500,000       $ 23,375,000   

3. The Parent hereby represents and warrants to the Administrative Agent and
each Lender that immediately before and after giving effect to the Increase, no
Default or Event of Default exists or would exist and that the representations
and warranties contained in the Credit Agreement are true and correct with the
same effect as though such representations and warranties had been made on the
effective date of the Increase, except those which are expressly specified to be
made as of an earlier date.

 

Tiffany Five Year Commitment Increase Supplement

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4. This Commitment Increase Supplement and the Increase shall become effective
upon (i) the receipt by the Administrative Agent of a copy of this Commitment
Increase Supplement executed by the Parent, the Administrative Agent and each
Increasing Lender set forth below, and consented to by the Issuing Bank and the
Swing Line Lender, (ii) the receipt by the Administrative Agent, for the account
of the Increasing Lenders, of the fees payable to the Increasing Lenders
previously agreed with respect to this Commitment Increase Supplement, (iii) the
receipt by the Administrative Agent, for its own account, of the fees payable to
the Administrative Agent previously agreed with respect to this Commitment
Increase Supplement, and (iv) the satisfaction of all of the requirements set
forth in such Section 2.7(c) of the Credit Agreement (the “Increase Effective
Date”). On and as of the Increase Effective Date, each of the Increasing Lenders
shall have a Core Currency Commitment equal to the amount set forth above under
“Amount of Core Currency Commitment (after giving effect to the Increase)” next
to its name.

5. On and as of the Increase Effective Date, Exhibit A-1 attached hereto shall
replace Exhibit A-1 to the Credit Agreement.

6. On and as of the Increase Effective Date, each Lender shall be deemed to have
entered into a master assignment and acceptance agreement with respect to its
Core Currency Commitment and outstanding Revolving Loans, whereupon each Lender
shall make the necessary payment to the Administrative Agent to reflect the
assignment to it of Revolving Loans, in each case as contemplated by
Section 2.7(c)(C) of the Credit Agreement.

7. Each Borrower shall compensate each Lender in accordance with Section 3.5 of
the Credit Agreement for all reasonable losses, expenses and liabilities
incurred by such Lender as a result of the reallocations and repayments
contemplated herein.

IN WITNESS WHEREOF, each of the undersigned has caused this Commitment Increase
Supplement to have been duly executed and delivered on its behalf as of the day
and year first above written.

[Balance of this Page is Intentionally Blank]

 

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TIFFANY & CO. By:  

/s/ Michael W. Connolly

Name:   Michael W. Connolly Title:   Vice President - Treasurer

 

Tiffany Five Year Commitment Increase Supplement

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THE BANK OF NEW YORK MELLON,

as Administrative Agent and as an Increasing

Lender

By:  

/s/ Thomas J. Tarasovich, Jr.

Name:   Thomas J. Tarasovich, Jr. Title:   Vice President

Consented to:

 

THE BANK OF NEW YORK MELLON,

as Issuing Bank and Swing Line Lender

By:  

/s/ Thomas J. Tarasovich, Jr.

Name:   Thomas J. Tarasovich, Jr. Title:   Vice President

 

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STANDARD CHARTERED BANK By:  

/s/ Steven Aloupis

Name:   Steven Aloupis Title:   Managing Director - Capital Markets By:  

/s/ Robert K. Reddington

Name:   Robert K. Reddington Title:   Credit Documentation Manager   Credit
Documentation Unit WB Legal - Americas

 

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JPMORGAN CHASE BANK, N.A. By:  

/s/ Michelle Cipriani

Name:   Michelle Cipriani Title:   Vice President

 

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MIZUHO CORPORATE BANK (USA) By:  

/s/ Tenya Mitsuboshi

Name:   Tenya Mitsuboshi Title:   Deputy General Manager

 

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BANK OF AMERICA, N.A. By:  

/s/ Jaime Eng

Name:   Jaime Eng Title:   Vice President

 

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HSBC BANK USA, N.A. By:  

/s/ Darren Pinsker

Name:   Darren Pinsker Title:   Sr. Vice President

 

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U.S. BANK NATIONAL ASSOCIATION By:  

/s/ Mark D. Rodgers

Name:   Mark D. Rodgers Title:   Assistant Vice President

 

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WELLS FARGO BANK, N.A. By:  

/s/ Patricia McEnery for James T. King

Name:   Patricia McEnery for James T. King Title:  
SVP                                 SVP

 

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Tiffany Five Year Commitment Increase Supplement

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TIFFANY FIVE YEAR EXHIBIT A-1

LIST OF CORE CURRENCY COMMITMENTS

 

Lender    Core Currency
Commitment      Core Currency
Commitment
Percentage     Aggregate
Commitment
Percentage  

The Bank of New York Mellon

   $ 30,500,000         12.93743372 %      14.54545455 % 

ABN AMRO Bank N.V.

   $ 21,625,000         9.17285260 %      10.36363636 % 

Standard Chartered Bank

   $ 36,250,000         15.37645811 %      14.54545455 % 

Bank of America, N.A.

   $ 20,625,000         8.74867444 %      8.18181817 % 

HSBC Bank USA, N.A.

   $ 22,125,000         9.38494168 %      8.72727273 % 

JPMorgan Chase Bank, N.A.

   $ 28,500,000         12.08907741 %      13.45454545 % 

Mizuho Corporate Bank (USA)

   $ 31,250,000         13.25556734 %      12.72727273 % 

U.S. Bank National Association

   $ 21,500,000         9.11983033 %      8.72727273 % 

Wells Fargo Bank, N.A.

   $ 23,375,000         9.91516437 %      8.72727273 % 

TOTAL

   $ 235,750,000         100.00000000 %      100.00000000 %    

 

 

    

 

 

   

 

 

 

 

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