Exhibit 10.1

Conformed Copy

CONSENT AGREEMENT

This CONSENT AGREEMENT, dated as of June 3, 2016 (this “Agreement”), is made by
and among LYONDELLBASELL INDUSTRIES N.V., a naamloze vennootschap (a public
limited liability company) formed under the laws of The Netherlands (the
“Company”), LYB AMERICAS FINANCE COMPANY, a Delaware corporation (together with
the Company, the “Borrowers”), the Lenders party hereto, and BANK OF AMERICA,
N.A., as Administrative Agent for the Lenders (in such capacity, the
“Administrative Agent”), Swing Line Lender and L/C Issuer.

RECITALS:

WHEREAS, the Borrowers, the Administrative Agent and the lenders party thereto
(collectively, the “Lenders” and individually, a “Lender”) have entered into
that certain Amended and Restated Credit Agreement dated as of June 5, 2014 (as
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), pursuant to which the Lenders have made available to the
Borrowers a revolving credit facility with a letter of credit and a swing line
loan sub-facility. Capitalized terms used in this Agreement not otherwise
defined herein shall have the definitions set forth in the Credit Agreement;

WHEREAS, pursuant to Section 2.09 of the Credit Agreement, the Company has
requested that the Termination Date be extended to June 5, 2021, one year after
the currently applicable Termination Date (the “Termination Date Extension”),
which such Termination Date has already been extended by one year pursuant to a
Consent Agreement dated as of June 5, 2015; and

WHEREAS, the Administrative Agent and each Lender party hereto have agreed,
subject to the terms and conditions set forth herein, to consent to the
Termination Date Extension;

NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereby agree as follows:

1. Consent. Pursuant to Section 2.09 of the Credit Agreement and subject to the
terms and conditions set forth herein and in reliance upon the representations
and warranties set forth herein, the Administrative Agent and the Lenders
signatory hereto hereby consent to the Termination Date Extension and agree that
the definition of “Termination Date” in Section 1.01 of the Credit Agreement is
hereby amended to delete the reference to “June 5, 2020” and insert a reference
to “June 5, 2021” in lieu thereof. The Borrowers hereby agree that this
Agreement constitutes the second of two initially permitted requests for a
Termination Date extension under Section 2.09 of the Credit Agreement.

2. Effectiveness; Conditions Precedent. The effectiveness of this Agreement and
the Termination Date Extension provided in Section 1 hereof are subject to the
following conditions precedent:

(a) the Administrative Agent shall have received (i) counterparts of this
Agreement, duly executed by each Borrower, the Administrative Agent and the
Lenders and (ii) a certificate of the Company dated as of the date hereof and
signed by a Responsible Officer of the Company (A) certifying and attaching
resolutions adopted by the Company approving or consenting to the Termination
Date Extension and (B) certifying that the conditions set forth in Sections
3.02(a) and (b) of the Credit Agreement have been satisfied (with all references
in such subsections to a Credit Extension being deemed to be references to the
Termination Date Extension); and

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(b) all fees and expenses payable to the Administrative Agent and the Lenders
shall have been paid in full by the Company.

3. Representations and Warranties. In order to induce the Administrative Agent
and the Lenders to enter into this Agreement, each Borrower represents and
warrants to the Administrative Agent and the Lenders as follows:

(a) each of the representations and warranties made by such Borrower in Article
IV of the Credit Agreement and in the other Loan Documents are true and correct
in all material respects (except if any representation and warranty is qualified
by materiality, in which case it is true and correct in all respects) on and as
of the date hereof after giving effect to this Agreement, except to the extent
that such representations and warranties expressly relate to an earlier date, in
which case such representations and warranties are true and correct in all
material respects (except if any representation and warranty that is qualified
by materiality, in which case it is true and correct in all respects) as of such
earlier date;

(b) this Agreement has been duly authorized, executed and delivered by such
Borrower and constitutes a legal, valid and binding obligation of such Borrower,
except as may be limited by general principles of equity or by the effect of any
applicable bankruptcy, insolvency, reorganization, moratorium or similar law
affecting creditors’ rights generally; and

(c) no Default or Event of Default has occurred and is continuing and, after
giving effect to this Agreement, no Default or Event of Default will occur.

4. Entire Agreement. This Agreement, together with the Loan Documents
(collectively, the “Relevant Documents”), sets forth the entire understanding
and agreement of the parties hereto in relation to the subject matter hereof and
supersedes any prior negotiations and agreements among the parties relating to
such subject matter. No promise, condition, representation or warranty, express
or implied, not set forth in the Relevant Documents shall bind any party hereto,
and no such party has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise
expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other. None
of the terms or conditions of this Agreement may be changed, modified, waived or
canceled orally or otherwise, except in writing and in accordance with
Section 9.10 of the Credit Agreement. This Agreement shall constitute a “Loan
Document” under and as defined in the Credit Agreement.

5. Full Force and Effect of Agreement. Except as hereby specifically amended,
modified or supplemented, each Borrower hereby acknowledges and agrees that the
Credit Agreement and all of the other Loan Documents are hereby confirmed and
ratified in all respects and shall remain in full force and effect according to
their respective terms. The execution, delivery and effectiveness of this
Agreement shall not operate as a waiver of any right, power or remedy of any
Lender or the Administrative Agent under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents.

6. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy or electronic format (including
.pdf) shall be effective as delivery of a manually executed original counterpart
of this Agreement.

7. Governing Law. THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

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8. Enforceability. Should any one or more of the provisions of this Agreement be
determined to be illegal or unenforceable as to one or more of the parties
hereto, all other provisions nevertheless shall remain effective and binding on
the parties hereto.

9. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the Borrowers, the Administrative Agent and each Lender and their
respective successors and assignees to the extent such assignees are permitted
assignees as provided in Section 9.09 of the Credit Agreement.

10. Expenses. Without limiting the provisions of Section 9.12 of the Credit
Agreement, the Company agrees to pay all reasonable out of pocket costs and
expenses (including without limitation reasonable legal fees and expenses)
incurred before or after the date hereof by the Administrative Agent and its
Affiliates in connection with the preparation, negotiation, execution, delivery
and administration of this Agreement.

11. FATCA. For purposes of determining withholding Taxes imposed under FATCA,
from and after the effective date of this Agreement, the Company and the
Administrative Agent shall treat (and the Lenders hereby authorize the
Administrative Agent to treat) the Loans as not qualifying as a “grandfathered
obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

[Remainder of page intentionally left blank; signature pages follow]

 

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Conformed Copy

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be made,
executed and delivered by their duly authorized officers as of the day and year
first above written.

 

BORROWERS: LYONDELLBASELL INDUSTRIES N.V. By:  

/s/ Thomas Aebischer

Name:   Thomas Aebischer Title:   Member of the Management Board LYB AMERICAS
FINANCE COMPANY By:  

/s/ Lawrence Somma

Name:   Lawrence Somma Title:   Responsible Officer

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A.,

as Administrative Agent

By:  

/s/ Maurice Washington

Name:   Maurice Washington Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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LENDERS: BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender
By:  

/s/ Christopher DiBiase

Name:   Christopher DiBiase Title:   Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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CITIBANK, N.A., as a Lender By:  

/s/ Michael Vondriska

Name:   Michael Vondriska Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender and as L/C Issuer By:  

/s/ Ming K. Chu

Name:   Ming K. Chu Title:   Director By:  

/s/ Virginia Cosenza

Name:   Virginia Cosenza Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender By:  

/s/ Vipul Dhadda

Name:   Vipul Dhadda Title:   AUTHORIZED SIGNATORY By:  

/s/ Juerg Unterlerchner

Name:   Juerg Unterlerchner Title:   AUTHORIZED SIGNATORY

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender By:  

/s/ David A. Mandell

Name:   David A. Mandell Title:   Managing Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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JPMORGAN CHASE BANK, N.A., as a Lender By:  

/s/ Peter S. Predun

Name:   Peter S. Predun Title:   Executive Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Ryan Zimmerman

Name:   Ryan Zimmerman Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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BARCLAYS BANK PLC,

as a Lender

By:  

/s/ Marguerite Sutton

Name:   Marguerite Sutton Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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MORGAN STANLEY BANK, N.A.,

as a Lender

By:  

/s/ Michael King

Name:   Michael King Title:   Authorized Signatory

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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MIZUHO BANK, LTD.,

as a Lender

By:  

/s/ Takayuki Tomii

Name:   Takayuki Tomii Title:   Managing Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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THE BANK OF NOVA SCOTIA, as a Lender By:  

/s/ John Frazell

Name:   John Frazell Title:   Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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SUMITOMO MITSUI BANKING CORPORATION,

as a Lender

By:  

/s/ James D. Weinstein

Name:   James D. Weinstein Title:   Managing Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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PNC BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Christopher Keenan

Name:   Christopher Keenan Title:   Assistant Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Lender

By:  

/s/ Mark S. Campbell

Name:   Mark S. Campbell Title:   Authorized Signatory

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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THE BANK OF NEW YORK MELLON, as a Lender By:  

/s/ William M. Feathers

Name:   William M. Feathers Title:   Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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ING BANK N.V., as a Lender By:  

/s/ Diederik Sluijs

Name:   Diederik Sluijs Title:   Director By:  

/s/ Koen Weehuizen

Name:   Koen Weehuizen Title:   Managing Director

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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UNICREDIT LUXEMBOURG S.A., as a Lender By:  

/s/ Brigitte Reichert

Name:   Brigitte Reichert Title:   By:  

/s/ Natalie Kranz

Name:   Natalie Kranz Title:  

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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THE BANK OF CHINA, NEW YORK BRANCH, as a Lender By:  

/s/ Chen Xu

Name:   Chen Xu Title:   President, U.S.A. & CEO

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page

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THE NORTHERN TRUST COMPANY, as a Lender By:  

/s/ Keith Burson

Name:   Keith Burson Title:   Senior Vice President

 

LyondellBasell Industries N.V.

2016 Consent Agreement

Signature Page