Exhibit 10.2
EXECUTION COPY
Letter Agreement
This Letter Agreement (the “Letter Agreement”) is dated as of July 21, 2015 by
and among Keysight Technologies, Inc. (the “Company”), Citibank, N.A., as
Administrative Agent under the Credit Agreement (defined and described further
below) (the “Administrative Agent”) and the banks listed on the signature pages
hereto (the “Lenders”).
Reference is made to the Credit Agreement (as amended or modified from time to
time, the “Credit Agreement”; the terms defined therein being used herein as
therein defined) dated as of September 15, 2014 among the Company, the
Administrative Agent, the Lenders and the other banks from time to time party
thereto. Each of the Increasing Lenders has executed an Accession Agreement (the
“Accession Agreements”), dated of even date herewith, that either (a) reflects
its accession to the Credit Agreement as a Lender thereunder, or (b) in the case
of existing Lenders under the Credit Agreement, provides for an increase in its
respective Commitment under the Credit Agreement. This Letter Agreement sets
forth the Commitment of each Lender under the Credit Agreement after giving
effect to the increase of the Commitments in accordance with Section 2.08(d) of
the Credit Agreement, effective as of the date hereof.
Each Lender agrees and confirms by its signature below that the Commitment of
such Lender under the Credit Agreement is the amount set forth opposite the name
of such Lender on Schedule I hereto, and consents to allow the Company to
further increase the aggregate amount of the Lenders’ Commitments by an
additional US$150,000,000 after giving effect to this Letter Agreement and the
Accession Agreements, such that the total amount of Commitments permitted to be
added in accordance with Section 2.08(d) remains US$150,000,000 following the
effectiveness of this Letter Agreement.
Except as expressly set forth herein, the Credit Agreement (giving effect to
this Letter Agreement), the Notes and each of the other Loan Documents are and
shall continue to be in full force and effect and are hereby in all respects
ratified and confirmed.
This Letter Agreement 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 Letter Agreement by telecopier shall be effective as
delivery of a manually executed counterpart of this Letter Agreement.

[Signature Pages Follow]

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Letter Agreement to be duly executed and delivered as of the date first above
written.

KEYSIGHT TECHNOLOGIES, INC.

By: /s/ Jason A. Kary    
Name: Jason A. Kary
Title: Vice President, Treasurer & Investor Relations

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CITIBANK, N.A., as Administrative Agent and a Lender

By: /s/ Susan M. Olsen        
Name: Susan M. Olsen
Title: Vice President

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BNP PARIBAS, as a Lender

By: /s/ Nicole Rodriguez    
Name: Nicole Rodriguez
Title: Director

By: /s/ Ade Adedeji    
Name: Ade Adedeji
Title: Vice President

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BANK OF AMERICA, N.A., as a Lender

By: /s/ Charmaine Lobo    
Name: Charmaine Lobo
Title: Vice President

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BARCLAY BANK PLC, as a Lender

By: /s/ Vanessa Kurbatskiy    
Name: Vanessa Kurbatskiy
Title: Vice President

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender

By: /s/ Christopher Day    
Name: CHRISTOPHER DAY
Title: AUTHORIZED SIGNATORY

By:../s/ Franziska Schoch    
Name: FRANZISKA SCHOCH
Title: AUTHORIZED SIGNATORY

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Deutsche Bank AG New York Branch, as a Lender

By: /s/ Virginia Cosenza    
Name: Virginia Cosenza
Title: Vice President

By: /s/ Ming K. Chu    
Name: Ming K. Chu
Title: Vice President

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Wells Fargo Bank, N.A., as a Lender

By: /s/ Dhiren Desai    
Name: Dhiren Desai
Title: Vice President

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SCHEDULE I
Commitment Schedule

Lender
Commitment
Citibank, N.A.
$82,750,000
BNP Paribas
$82,750,000
Bank of America N.A.
$82,750,000
Barclays Bank PLC
$56,250,000
Credit Suisse AG, Cayman Islands Branch
$55,500,000
Deutsche Bank AG New York Branch
$45,000,000
Wells Fargo Bank, National Association
$45,000,000
 
 
TOTAL:
$450,000,000