Exhibit 10.2

Lehman Brothers Holdings Inc.
Lehman Brothers Commercial Bank
Lehman Commercial Paper Inc.
Lehman Brothers Inc.
745 Seventh Avenue
New York, New York 10019

 

Merrill Lynch Capital Corporation
Merrill Lynch, Pierce, Fenner & Smith Incorporated
4 World Financial Center
North Tower
250 Vesey Street
New York, New York  10080

August 10, 2007

AMENDMENT NO. 1 TO
COMMITMENT LETTER

PERSONAL AND CONFIDENTIAL

The Home Depot, Inc.
2455 Paces Ferry Road N.W.
Atlanta, Georgia  30339

Attention:              Carol B. Tomé

Chief Financial Officer and

Executive Vice President-Corporate Services

Ladies and Gentlemen:

Reference is made to that certain commitment letter agreement (together with all
exhibits and schedules hereto, the “Commitment Letter”) dated July 9, 2007 by
and among Lehman Brothers Commercial Bank (together with its designated
affiliates, “LBCB”), Lehman Brothers Holdings Inc. (together with its designated
affiliates, “LBHI”), Lehman Commercial Paper Inc. (“LCPI” and together with LBCB
and LBHI, the “Lehman Lenders”), Lehman Brothers Inc. (“Lehman Brothers” and
together with the Lehman Lenders, “Lehman”), Merrill Lynch Capital Corporation
(“MLCC”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” and
together with MLCC, “Merrill Lynch”), The Home Depot, Inc., a Delaware
corporation (the “Company”), in connection with the Offer to Purchase (as
amended on or about the date hereof) and to provide support for the issuance by
the Company of commercial paper in connection with such Share Repurchase. 
Defined terms not otherwise defined herein shall have the meaning set forth in
the Commitment Letter.

This letter (the “Amendment”) hereby amends the Commitment Letter to remove
paragraph (f) on Exhibit B and replace it with the following:

“(f)          The Company’s corporate credit ratings shall on the Closing Date
be BBB+ or better by S&P and Baa1 or better by Moody’s, and in each case neither
ratings organization shall have announced a reduction to a rating below BBB+ or
Baa1, as the case may be.”

Except as set forth above, this amendment does not supersede, replace, amend or
otherwise modify the Commitment Letter or the commitments or obligations of the
parties thereto in any respect.

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If you are in agreement with the foregoing, kindly sign and return to us the
enclosed copy of this Amendment.

 

Very truly yours,

 

 

 

LEHMAN BROTHERS HOLDINGS INC.

 

 

 

 

 

By:

/s/ Frank P. Turner

 

 

Name: Frank P. Turner

 

Title:   Vice President

 

 

 

 

 

LEHMAN BROTHERS COMMERCIAL BANK

 

 

 

 

 

By:

/s/ Brian McNany

 

 

Name: Brian McNany

 

Title:   Authorized Signatory

 

 

 

 

 

LEHMAN COMMERCIAL PAPER INC.

 

 

 

 

 

By:

/s/ Frank P. Turner

 

 

Name: Frank P. Turner

 

Title:   Vice President

 

 

 

 

 

LEHMAN BROTHERS INC.

 

 

 

 

 

By:

/s/ Frank P. Turner

 

 

Name: Frank P. Turner

 

Title:   Vice President

 

 

 

 

 

MERRILL LYNCH CAPITAL CORPORATION.

 

 

 

 

 

By:

/s/ John C. Rowland

 

 

Name: John C. Rowland

 

Title:   Vice President

 

 

 

 

 

MERRILL LYNCH, PIERCE, FENNER & SMITH

INCORPORATED

 

 

 

 

 

By:

/s/ John C. Rowland

 

 

Name: John C. Rowland

 

Title:   Vice President

 

 

 

[Signature Page to Amendment]

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Accepted and agreed to as of the

date first above written:

THE HOME DEPOT, INC.

By:

/s/ Carol B. Tomé

 

 Name: Carol B. Tomé

 

 Title:   Chief Financial Officer and

 

             Executive Vice President-Corporate Services

 

 

[Signature Page to Amendment]

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