Exhibit 10.2
Execution Version
AMENDMENT NO. 5 TO CREDIT AGREEMENT
     This Amendment No. 5 to Credit Agreement (this “Amendment” ) dated as of
June 8, 2009 is made by and among STARBUCKS CORPORATION, a Washington
corporation (the “Borrower”), BANK OF AMERICA, N.A., a national banking
association organized and existing under the laws of the United States (“Bank of
America”), in its capacity as administrative agent for the Lenders (as defined
in the Credit Agreement described below) (in such capacity, the “Administrative
Agent”), and each of the Lenders signatory hereto.
WITNESSETH:
     WHEREAS, the Borrower, Bank of America, as the Administrative Agent, Swing
Line Lender and L/C Issuer and the Lenders have entered into that certain Credit
Agreement dated as of August 12, 2005 (as amended by Amendment No. 1 to Credit
Agreement dated as of August 23, 2006, Amendment No. 2 to Credit Agreement dated
as of March 30, 2007, Amendment No. 3 to Credit Agreement dated as of August 6,
2007, Amendment No. 4 to Credit Agreement dated as of October 31, 2008, as
hereby amended and as from time to time hereafter further amended, modified,
supplemented, restated, or amended and restated, the “Credit Agreement”;
capitalized terms used in this Amendment not otherwise defined herein shall have
the respective meanings given thereto in the Credit Agreement), pursuant to
which the Lenders have made available to the Borrower a multicurrency revolving
credit facility, including a letter of credit facility and a swing line
facility; and
     WHEREAS, the Borrower has advised the Administrative Agent and the Lenders
that it desires to amend certain provisions of the Credit Agreement to clarify
the intent of the parties with respect to Amendment No. 4, and the
Administrative Agent and the Lenders signatory hereto are willing to effect such
amendment on the terms and conditions contained in this Amendment;
     NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:
     1. Amendments to Credit Agreement. Subject to the terms and conditions set
forth herein, the Credit Agreement is hereby amended as follows:

  (a)   Section 1.01 is amended by replacing the definition of “Consolidated
EBITDA” with the following:              “Consolidated EBITDA” means, for any
period, for the Company and its Subsidiaries on a consolidated basis, an amount
equal to Consolidated Net Income for such period plus (a) the following to the
extent deducted in calculating such Consolidated Net Income: (i) Consolidated
Interest Charges for such period, (ii) the provision for Federal, state, local
and foreign income taxes payable by the Company and its Subsidiaries for such
period, (iii) depreciation and amortization expense, (iv) other expenses of the
Company and its Subsidiaries reducing such

 

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      Consolidated Net Income which do not represent a cash item in such period
or any future period and (v) up to $130,000,000 in the aggregate for lease
termination expenses and lease exit costs (whether accounted for as
restructuring costs, lease expense or otherwise) incurred during the period
beginning June 30, 2008 and ending September 27, 2009 and minus (b) the
following to the extent included in calculating such Consolidated Net Income:
(i) Federal, state, local and foreign income tax credits of the Company and its
Subsidiaries for such period and (ii) non-recurring gains increasing
Consolidated Net Income (or reducing net loss) which do not represent cash items
for such period or any future period.

     2. Conditions Precedent. The effectiveness of this Agreement and the
amendments to the Credit Agreement herein provided are subject to the
satisfaction of the following conditions precedent:

  (a)   The Administrative Agent shall have received each of the following
documents or instruments in form and substance reasonably acceptable to the
Administrative Agent:

  (i)   the Administrative Agent shall have received five (5) original
counterparts of this Amendment, duly executed by the Borrower, the
Administrative Agent and the Required Lenders; and     (ii)   such other
documents, instruments, opinions, certifications, undertakings, further
assurances and other matters as the Administrative Agent shall reasonably
require.

  (b)   All other fees and expenses payable to the Administrative Agent and the
Lenders (including the fees and expenses of counsel to the Administrative Agent)
estimated to date shall have been paid in full (without prejudice to final
settling of accounts for such fees and expenses).

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

  (a)   Before and after giving effect to this Amendment, (A) the
representations and warranties contained in Article V and the other Loan
Documents are true and correct on and as of the date hereof, except to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier date, and
except that the representations and warranties contained in subsections (a) and
(b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most
recent statements furnished pursuant to clauses (a) and (b), respectively, of
Section 6.01 of the Credit Agreement, and (B) no Default exists; and     (b)  
This Amendment has been duly authorized, executed and delivered by the Borrower
and constitutes a legal, valid and binding obligation of the Borrower,

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      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.

     4. Consolidated Fixed Charge Coverage Ratio Calculations. The parties
hereto acknowledge and agree that the definition of Consolidated EBITDA, as
amended by Section l(a) of this Amendment, shall be used in calculating the
Consolidated Fixed Charge Coverage Ratio
for prior fiscal quarters, as well as prospectively.
     5. Entire Agreement. This Amendment, together with all 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 in
relation to the subject matter hereof or thereof. None of the terms or
conditions of this Amendment may be changed, modified, waived or canceled orally
or otherwise, except in writing and in accordance with Section 10.01 of the
Credit Agreement.
     6. Full Force and Effect of Agreement. Except as hereby specifically
amended, modified or supplemented, the Credit Agreement and all other Loan
Documents are hereby confirmed and ratified in all respects and shall be and
remain in full force and effect according to their respective terms.
     7. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument. Delivery of an executed counterpart of a signature page
of this Amendment by telecopy, facsimile or other electronic transmission
(including .PDF) shall be effective as delivery of a manually executed
counterpart of this Amendment.
     8. Governing Law. This Agreement shall in all respects be governed by, and
construed in accordance with, the laws of the State of New York applicable to
contracts executed and to be performed entirely within such State, and shall be
further subject to the provisions of Sections 10.14 and 10.15 of the Credit
Agreement.
     9. Enforceability. Should any one or more of the provisions of this
Amendment 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.
     10. References. All references in any of the Loan Documents to the “Credit
Agreement” shall mean the Credit Agreement, as amended hereby.
     11. Successors and Assigns. This Amendment shall be binding upon and inure
to the benefit of the Borrower, the Administrative Agent and each of the
Lenders, and their respective

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successors, legal representatives, and assignees to the extent such assignees
are permitted assignees as provided in Section 10.06 of the Credit Agreement.
[Signature pages follow.]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to
Credit Agreement to be made, executed and delivered by their duly authorized
officers as of the day and year first above written.

            STARBUCKS CORPORATION
      By:   /s/ Richard Lautch         Name:   Richard Lautch        Title:   vp
treasurer     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            BANK OF AMERICA, N.A., as a Lender, L/C
Issuer and Swing Line Lender
      By:   /s/ John H. Schmidt         Name:   John H. Schmidt        Title:  
Vice President     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            WELLS FARGO BANK, N.A.
      By:   /s/ Deborah S. Watson         Name:   Deborah S. Watson       
Title:   Senior Vice President     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            WACHOVIA BANK, NATIONAL
ASSOCIATION
      By:   /s/ Susan T. Gallagher         Name:   Susan T. Gallagher       
Title:   Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            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   

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            JPMORGAN CHASE BANK, N.A.
      By:   /s/ Barry Bergman         Name:   Barry Bergman         Title:  
Managing Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            U.S BANK NATIONAL ASSOCIATION
      By:   /s/ Conan Schleicher         Conan Schleicher        Vice President 
   

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            THE BANK OF NOVA SCOTIA
      By:   /s/ Patrik G. Nome         Name:   Patrik G. Nome        Title:  
Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            COOPERATIEVE CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A., “RABOBANK
INTERNATIONAL”, NEW YORK BRANCH
      By:   /s/ Steven Casajola         Name:   /s/ Steven Casajola       
Title:   Vice President            By:   /s/ Rebecca O. Morrow         Name:  
Rebecca O. Morrow         Title:   Executive Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
NEW YORK BRANCH
      By:   /s/ Victor Pierzchalski         Name:   Victor Pierzchalski       
Tile:   Authorized Signatory     

Starbucks Corporation
Amendment Agreement No. 5
Signature page

 

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            UBS AG, STAMFORD BRANCH
      By:   /s/ Marie A. Haddad         Name:   Marie A. Haddad         Title:  
Associate Director
Banking Products
Services, US            By:   /s/ Mary E. Evans         Name:   Mary E. Evans   
    Title:  Associate Director
Banking Products
Services, US     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            HSBC BANK USA, NATIONAL
ASSOCIATION
      By:   /s/ James P. Kelly         Name:   James P. Kelly         Title:  
Managing Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            SCOTIABANC INC.
      By:   /s/ J.F. Todd         Name:   J.F. Todd        Title:   Managing
Director     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page

 

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            WILLIAM STREET COMMITMENT
CORPORATION
      By:   /s/ Andrew Caditz         Name:   Andrew Caditz         Title:  
Authorized Signatory     

Starbucks Corporation
Amendment Agreement No. 5
Signature Page