Exhibit (10)Y

[target1545324v1exhibi_image1.jpg]

September 3, 2013

To the Banks party to the Credit Agreement referred to below
c/o Bank of America, N.A., as Administrative Agent for such Banks
222 Broadway, 14th Floor, NY3-222-14-03
New York, New York 10038
Attention: Agency Management Group

Re: Second Extension and Amendment of Credit Agreement

Ladies and Gentlemen:

Reference is made to that certain Five Year Credit Agreement dated as of October
14, 2011, as amended, among Target Corporation (the “Borrower”), the Banks (as
defined therein) party thereto from time to time and Bank of America, N.A., as
administrative agent (as previously amended and as amended hereby, the “Credit
Agreement”; capitalized terms used but not defined herein shall have the
meanings ascribed thereto in the Credit Agreement).

(a)
Pursuant to Section 2.18 of the Credit Agreement, the Borrower hereby requests
that the Termination Date of the Commitments be extended from October 13, 2017
to October 12, 2018.

(b)
In addition, the Borrower requests that the following amendments be made to the
Credit Agreement:

(i)
Section 2.15 shall be deleted in its entirety and replaced with the following:

Section 2.15 Withholding Tax Exemption.

At least five Domestic Business Days prior to the first date on which interest
or fees are payable hereunder for the account of any Bank, each Bank that is not
incorporated under the laws of the United States of America or a state thereof
agrees that it will deliver to each of the Borrower and the Agent two duly
completed copies of United States Internal Revenue Service Form W-8 (including
Form W-8BEN, W-8ECI or W-8IMY, as applicable), and such documentation prescribed
by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Internal Revenue Code) and such additional documentation reasonably

--------------------------------------------------------------------------------

requested by the Borrower or the Agent, certifying that such Bank is entitled to
receive payments under this Agreement and its Note, if applicable, without
deduction or withholding of any United States federal income taxes or any United
States federal withholding taxes under FATCA (defined below). Each Bank that is
not incorporated under the laws of the United States of America or a state
thereof further undertakes to deliver to the Agent on behalf of the Borrower two
additional copies of such form or other documentation (or a successor form or
documentation) on or before the date that such form or documentation expires or
becomes obsolete or after the occurrence of any event requiring a change in the
most recent form or documentation so delivered by it, and such amendments
thereto or extensions or renewals thereof as may be reasonably requested by the
Borrower or the Agent, in each case certifying that such Bank is entitled to
receive payments under this Agreement and its Notes, if applicable, without
deduction or withholding of any United States federal income taxes or any United
States federal withholding taxes under FATCA, unless an event (including without
limitation any change in treaty, law or regulation) has occurred prior to the
date on which any such delivery would otherwise be required which renders all
such forms inapplicable or which would prevent such Bank from duly completing
and delivering any such form with respect to it and such Bank advises the
Borrower and the Agent that it is not capable of receiving payments without any
deduction or withholding of United States federal income tax or United States
federal withholding taxes under FATCA. For purposes of this Section 2.15,
“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, any
current or future regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue
Code.

(ii)
Section 8.03(a) shall be amended by adding the following language at the end of
the parenthetical at the end of Section 8.03(a)(i): “and except for any U.S.
federal withholding taxes imposed under FATCA”.

(iii)
Section 9.03(b) shall be amended by adding the following at the end of the first
sentence thereof: “, and further provided that no Indemnitee shall be
indemnified for any U.S. federal withholding taxes imposed under FATCA”.

(iv)
Section 9.6(b) shall be amended by adding the following language at the thereof:

Each Bank that sells a participating interest shall, acting solely for this
purpose as an agent of the Borrower, maintain a register on which it enters the
name and address of each Participant and the principal amounts (and stated
interest) of each Participant’s interest in the obligations under this Agreement
(the “Participant Register”); provided that no Bank shall have

--------------------------------------------------------------------------------

any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a
Participant's interest in any commitments, loans or its other obligations
hereunder) to any Person except to the extent that such disclosure is necessary
to establish that such commitment, loan or other obligation is in registered
form under Section 5f.103-1(c) of the United States Treasury Regulations. The
entries in the Participant Register shall be conclusive absent manifest error,
and such Bank shall treat each Person whose name is recorded in the Participant
Register as the owner of such participating interest for all purposes of this
Agreement notwithstanding any notice to the contrary. For the avoidance of
doubt, the Agent (in its capacity as Agent) shall have no responsibility for
maintaining a Participant Register.

Clause (b) of this Second Extension and Amendment shall become effective when,
and only, when, the Administrative Agent shall have received counterparts of
this Second Extension and Amendment executed by us and the Required Banks. The
amendments set forth in clause (b) above are subject to the provisions of
Section 9.05 of the Credit Agreement.

The Credit Agreement and the Notes are and shall continue to be in full force
and effect and are hereby in all respects ratified and confirmed. The execution,
delivery and effectiveness of this Second Extension and Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Bank or the Administrative Agent under the Credit Agreement, nor
constitute a waiver of any provision of the Credit Agreement.

If you agree to the terms and provisions of this Second Extension and Amendment,
please evidence such agreement and indicate your response to the request for
extension of the Termination Date by executing and returning three original
counterparts of this Second Extension and Amendment to Rebecca Chaffin, Esq.,
McGuireWoods, LLP, 201 North Tryon Street, Suite 3000, Charlotte, North Carolina
28202 by September 17, 2013.

This Second Extension and Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Second Extension and Amendment by
telecopy or .pdf shall be effective as delivery of a manually executed
counterpart of this Second Extension and Amendment.

[Signature Pages Follow.]

--------------------------------------------------------------------------------

This Second Extension and Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

 
TARGET CORPORATION
 
 
 
By:
/s/ Sara Ross
 
Name:
Sara Ross
 
Title:
Assistant Treasurer

--------------------------------------------------------------------------------

 
ADMINISTRATIVE AGENT:
 
 
 
BANK OF AMERICA, N.A., as
 
Administrative Agent
 
 
 
By:
/s/ Don B. Pinzon
 
Name:
Don B. Pinzon
 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
LENDERS:
 
 
 
 
BANK OF AMERICA, N.A.
 
 
 
By:
/s/ J. Casey Cosgrove
 
Name:
J. Casey Cosgrove
 
Title:
Director

    

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
CITIBANK, N.A.
 
 
 
By:
/s/ Carolyn A. Kee
 
Name:
Carolyn A. Kee
 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
JPMORGAN CHASE BANK, N.A.
 
 
 
By:
/s/ Sarah Freedman
 
Name:
Sarah Freedman
 
Title:
Executive Director

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
WELLS FARGO BANK, NATIONAL
 
ASSOCIATION
 
 
 
By:
/s/ Peter Kiedrowski
 
Name:
Peter Kiedrowski
 
Title:
Director

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
U.S. BANK NATIONAL ASSOCIATION
 
 
 
By:
/s/ Ludmila Yakovlev
 
Name:
Ludmila Yakovlev
 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
THE BANK OF TOKYO-MITSUBISHI,
 
 LTD.

 
 
 
By:
/s/ Mark Maloney
 
Name:
Mark Maloney
 
Title:
Authorized Signatory

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
BARCLAYS BANK PLC

 
 
 
By:
/s/ Naom Azachi
 
Name:
Naom Azachi
 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
MIZUHO CORPORATE BANK, LTD.

 
 
 
By:
/s/ Donna DeMagistris
 
Name:
Donna DeMagistris
 
Title:
Authorized Signatory

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
GOLDMAN SACHS BANK USA

 
 
 
By:
/s/ Mark Walton
 
Name:
Mark Walton

 
Title:
Authorized Signatory

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
HSBC BANK USA, NATIONAL
 
ASSOCIATION

 
 
 
By:
/s/ Alan Vitulich
 
Name:
Alan Vitulich
 
Title:
Director

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
ROYAL BANK OF CANADA

 
 
 
By:
/s/ Gordon MacArthur

 
Name:
Gordon MacArthur

 
Title:
Authorized Signatory

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
FIFTH THIRD BANK

 
 
 
By:
/s/ Gary S. Losey

 
Name:
Gary S. Losey

 
Title:
VP – Corporate Banking

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
TORONTO DOMINION (NEW YORK)
 
LLC

 
 
 
By:
/s/ Masood Fikree

 
Name:
Masood Fikree

 
Title:
Authorized Signatory

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
DEUTSCHE BANK AG NEW YORK
 
BRANCH

 
 
 
By:
/s/ Ming K. Chu

 
Name:
Ming K. Chu

 
Title:
Vice President

 
 
 
 
By:
/s/ Heidi Sandquist
 
Name:
Heidi Sandquist

 
Title:
Director

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
STATE STREET BANK & TRUST
 
COMPANY
 
 
 
By:
/s/ Andrei Bourdine

 
Name:
Andrei Bourdine

 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
SUMITOMO MITSUI BANKING
 
CORPORATION

 
 
 
By:
/s/ David W. Kee

 
 
David W. Kee

 
 
Managing Director

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
THE BANK OF NEW YORK MELLON

 
 
 
By:
/s/ Thomas J. Tarasovich, Jr.

 
Name:
Thomas J. Tarasovich, Jr.

 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]

--------------------------------------------------------------------------------

 
FIRST HAWAIIAN BANK

 
 
 
By:
/s/ Derek Chang

 
Name:
Derek Chang

 
Title:
Vice President

[SIGNATURE PAGE TO 2013 EXTENSION AND AMENDMENT]