Exhibit 10
Execution Version

FIRST AMENDMENT TO FIVE-YEAR CREDIT AGREEMENT
THIS FIRST AMENDMENT TO FIVE-YEAR CREDIT AGREEMENT (this “Amendment”) is dated
as of December 12, 2016, among ROCKWELL AUTOMATION, INC., a Delaware corporation
(the “Company”), the Banks signatory hereto and JPMORGAN CHASE BANK, N.A., as
administrative agent (in such capacity, the “Administrative Agent”). Capitalized
terms used and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement referred to below.
RECITALS:
A.    The Company, the Banks from time to time party thereto and the
Administrative Agent entered into that certain Five-Year Credit Agreement dated
as of March 24, 2015 (as the same may have been amended, supplemented or
otherwise modified prior to the date hereof, the “Credit Agreement”), pursuant
to which the Banks have agreed to make Loans and provide certain other credit
accommodations to the Company.
B.    The Company has requested that the Administrative Agent and the Banks
agree to amend the Credit Agreement as set forth herein.
C.    Subject to the conditions set forth in Section 2 hereof, the Banks party
hereto are willing to agree to the amendments set forth in Section 1 hereof
relating to the Credit Agreement;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company, the Administrative
Agent and the Banks hereby agree as follows:
Section 1.Credit Agreement Amendments.    In reliance on the representations,
warranties, covenants and agreements contained in this Amendment, the Credit
Agreement shall be amended effective as of the Amendment Effective Date (as
defined below) in the manner provided in this Section 1.
1.1    Section 1.01 of the Credit Agreement is hereby amended by adding in the
correct place alphabetically the following additional definitions:
“Agreement” means this Five-Year Credit Agreement, as the same may at any time
be amended, restated, amended and restated, supplemented or otherwise modified
in accordance with the terms hereof.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.
“Consolidated EBITDA” means, for any period, Consolidated Net Income for such
period, plus, (a) without duplication and to the extent deducted in determining
such Consolidated Net Income, the sum of (i) Consolidated Interest Expense for
such period, (ii) consolidated income tax expense for such period, (iii) all
amounts attributable to depreciation and amortization expense for such period,
(iv) any extraordinary non-cash charges for such period, and minus (b) without
duplication and to the extent included in determining such Consolidated Net
Income, any extraordinary gains for such period, all determined on a
consolidated basis in accordance with GAAP.

    
    

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“Consolidated Interest Expense” means, for any period, the consolidated total
interest expense of the Company and its Subsidiaries for such period determined
on a consolidated basis in accordance with GAAP.
“Consolidated Net Income” means, for any period, the net income or net loss of
the Company and its Consolidated Subsidiaries for such period determined on a
consolidated basis in accordance with GAAP; provided that there shall be
excluded, without duplication, the income or loss of any Person accrued prior to
the date it becomes a Subsidiary of the Company or is merged into or
consolidated with the Company or any of its Subsidiaries, or the date that such
Person’s assets are acquired by the Company or any Subsidiary.
“EEA Financial Institution” means (a) any credit institution or investment firm
established in an EEA Member Country which is subject to the supervision of an
EEA Resolution Authority; (b) any entity established in an EEA Member Country
which is a parent of an institution described in clause (a) of this definition;
or (c) any financial institution established in an EEA Member Country which is a
subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any
person entrusted with public administrative authority of an EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor person), as in effect
from time to time.
“Loan Document” means this Agreement, including without limitation, schedules
and exhibits hereto and any agreements entered into in connection herewith,
including amendments, modifications or supplements hereto or waivers hereof, any
promissory notes and any other documents executed and delivered in connection
with this Agreement.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of the applicable EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA
Member Country, which write-down and conversion powers are described in the EU
Bail-In Legislation Schedule.
1.2    The definition of “Federal Funds Rate” in Section 1.01 is amended by
deleting the phrase “arranged by Federal funds brokers”.
1.3    Section 1.01 of the Credit Agreement is hereby amended by deleting the
terms “Consolidated Debt” and “Total Capitalization”.
1.4    The definition of “Defaulting Bank” in Section 1.01 of the Credit
Agreement is hereby amended by inserting “or (iii) become or has a parent
company that has become the subject of a Bail-In Action” in between subclause
(ii) of clause (e) of such definition and the phrase “(unless in the case of any
Bank referred to in this clause (e) the Company and the Administrative Agent
shall be satisfied that such Bank intends, and has all approvals required to
enable it, to continue to perform its obligations as a Bank hereunder)”.
1.5    Section 5.05 is hereby amended and restated in its entirety to read as
follows:
Section 5.05. Interest Coverage Ratio. The Company will not permit the ratio of
Consolidated EBITDA to Consolidated Interest Expense, for any period of four
consecutive fiscal quarters, to be

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less than 3.00 to 1.00, determined as of the last day of any fiscal quarter of
the Company (commencing with the fiscal quarter ending on or about December 31,
2016 and for the four consecutive fiscal quarters then ended).
1.6    A new Section 9.15 is hereby added to the Credit Agreement, such new
Section 9.15 to read in its entirety as follows:
Section 9.15. Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or
in any other agreement, arrangement or understanding among any such parties,
each party hereto acknowledges that any liability of any EEA Financial
Institution arising under any Loan Document, to the extent such liability is
unsecured, may be subject to the write-down and conversion powers of an EEA
Resolution Authority and agrees and consents to, and acknowledges and agrees to
be bound by,
(a)
the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any party hereto that is an EEA Financial Institution; and

(b)
the effects of any Bail-in Action on any such liability, including, if
applicable:

(i)
a reduction in full or in part or cancellation of any such liability;

(ii)
a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent
undertaking, or a bridge institution that may be issued to it or otherwise
conferred on it, and that such shares or other instruments of ownership will be
accepted by it in lieu of any rights with respect to any such liability under
this Agreement or any other Loan Document; or

(iii)
the variation of the terms of such liability in connection with the exercise of
the write-down and conversion powers of any EEA Resolution Authority.

Section 2.    Condition Precedent to Credit Agreement Amendments. This Amendment
shall become effective on the date (the “Amendment Effective Date”) the
Administrative Agent (or its counsel) shall have received:
2.1    counterparts of this Amendment signed by the Administrative Agent, the
Company and the Required Banks (or, in the case of any party as to which an
executed counterpart shall not have been received, receipt by the Administrative
Agent in form satisfactory to it of electronic or other written confirmation
from such party of execution of a counterpart hereof by such party);
2.2     (i) a consent fee of $10,000 for the account of each Bank that consents
to this Amendment (each such Bank, a “Consenting Bank”), which shall be payable
to the Administrative Agent for the accounts of the Consenting Banks on the
Amendment Effective Date and (ii) all other fees, costs and expenses due and
payable to the Administrative Agent, any arranger or any Bank in connection with
this Amendment, including the fees, charges and disbursements of counsel to the
Administrative Agent, to the extent invoiced prior to the date hereof.
Section 3.    Representations and Warranties. To induce the Banks and the
Administrative Agent to enter into this Amendment, the Company hereby represents
and warrants to the Banks and the Administrative Agent as follows:
3.1    (i) the Company has all corporate power and authority to execute, deliver
and perform its obligations under this Amendment, (ii) this Amendment has been
duly executed and delivered by the Company and (iii) this Amendment constitutes
a legal, valid and binding obligation of the Company, enforceable against

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the Company in accordance with its terms, except as may be limited by
bankruptcy, insolvency or similar laws relating to or affecting creditors’
rights generally and by general principles of equity, regardless of whether
considered in a proceeding in equity or at law;
3.2    the representations and warranties of the Company set forth in Article 4
of the Credit Agreement (other than the representations and warranties set forth
in Sections ‎4.04, ‎4.05 and ‎4.06 of the Credit Agreement) will be true and
correct on and as of the Amendment Effective Date; and
3.3    as of the Amendment Effective Date, no Default or Event of Default has
occurred and is continuing or would result from this Amendment.
Section 4.    Miscellaneous.
4.1    Reaffirmation of Loan Documents. All of the terms and provisions of the
Credit Agreement and the other Loan Documents shall, except as expressly amended
and modified hereby, remain in full force and effect and are hereby ratified and
affirmed by the Company, as amended.  This Amendment is a Loan Document. 
Following the Amendment Effective Date, any reference to the Credit Agreement in
the Loan Documents shall mean the Credit Agreement as amended or supplemented
hereby.  Nothing herein shall be deemed to entitle the Company  to a consent to,
or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or the other Loan Documents in similar or different circumstances.
4.2    Counterparts; Execution; Entire Agreement. This Amendment may be signed
in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
Delivery of an executed counterpart of a signature page to this Amendment by
facsimile or in electronic (“pdf” or “tif”) format shall be effective as
delivery of a manually executed counterpart of this Amendment. This Amendment,
the Credit Agreement and the other Loan Documents constitute the entire
agreement and understanding among the parties and supersedes any and all prior
agreements and understandings, oral or written, relating to the subject matter
hereof.
4.3    Headings. The headings used in this Amendment are for convenience only
and shall not be deemed to limit, amplify or modify the terms of this Amendment,
nor affect the meaning thereof.
4.4    Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York. The Company hereby submits to
the exclusive jurisdiction of the United States District Court for the Southern
District of New York and of any New York State court sitting in the Borough of
Manhattan for purposes of all legal proceedings arising out of or relating to
this Amendment or the transactions contemplated hereby. The Company irrevocably
waives, to the fullest extent permitted by law, any objection which it may now
or hereafter have to the laying of the venue of any such proceeding brought in
such a court and any claim that any such proceeding brought in such a court has
been brought in an inconvenient forum.
[Remainder of page intentionally left blank.]

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

ROCKWELL AUTOMATION, INC.
By:
/s/ Steven W. Etzel
 
Name: Steven W. Etzel
 
Title: Vice President and Treasurer

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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JPMORGAN CHASE BANK, N.A.,
     as Administrative Agent and as a Bank
By:
/s/ Gene Riego de Dios
 
Name: Gene Riego de Dios
 
Title: Vice President

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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Bank of America, N.A., as a Bank
By:
/s/ Matthew Walt
 
Name: Matthew Walt
 
Title: Vice President

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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Goldman Sachs Bank USA, as a Bank
By:
/s/ Ushma Dedhiya
 
Name: Ushma Dedhiya
 
Title: Authorized Signatory

[for Banks requiring two signature blocks]
By:
 
 
Name:
 
Title:

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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BMO Harris Bank N.A., as a Bank
By:
/s/ Ronald J. Carey
 
Name: Ronald J. Carey
 
Title: Senior Vice President

 
 
 
 
 

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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THE BANK OF NEW YORK MELLON, as a Bank
By:
/s/ Brandon Bouchard
 
Name: Brandon Bouchard
 
Title: Senior Credit Associate

 
 

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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CITIBANK, N.A., as a Bank
By:
/s/ Stephanie Bowker
 
Name: Stephanie Bowker
 
Title: Vice President

 
 
 

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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DEUTSCHE BANK AG NEW YORK BRANCH, as a Bank
By:
/s/ Ming K. Chu
 
Name: Ming K. Chu
 
Title: Director

[for Banks requiring two signature blocks]
By:
/s/ Virginia Cosenza
 
Name: Virginia Cosenza
 
Title: Vice President

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
Automation)]
    
    

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The Northern Trust Company, as a Bank
By:
/s/ Murtuza Ziauddin
 
Name: Murtuza Ziauddin
 
Title: Vice President

[for Banks requiring two signature blocks]
By:
 
 
Name:
 
Title:

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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PNC Bank, N.A., as a Bank
By:
/s/ Joseph A. Vehec
 
Name: Joseph A. Vehec
 
Title: Assistant Vice President

 
 
 
 
 

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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U.S. BANK NATIONAL ASSOCIATION, as a Bank
By:
/s/ Caroline V. Krider
 
Name: Caroline V. Krider
 
Title: Senior Vice President

 
 
 
 
 

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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WELLS FARGO BANK, NATIONAL ASSOCIATION,
      as a Bank
By:
/s/ Ashley Walsh
 
Name: Ashley Walsh
 
Title: Director

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
Automation)]
    
    

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Bank of China, Chicago Branch, as a Bank
By:
/s/ Kefei Xu
 
Name: Kefei Xu
 
Title: SVP & Branch Manager

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
Automation)]
    
    

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Comerica Bank, as a Bank
By:
/s/ Brandon Kotcher
 
Name: Brandon Kotcher
 
Title: Relationship Manager

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
Automation)]
    
    

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ING Bank N.V., Dublin Branch
By:
/s/ Shaun Hawley
 
Name: Shaun Hawley
 
Title: Director

ING Bank N.V., Dublin Branch
By:
/s/ Sean Hassett
 
Name: Sean Hassett
 
Title: Director

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
Automation)]
    
    

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Lloyds Bank plc, as a Bank
By:
/s/ Daven Popat
 
Name: Daven Popat
 
Title: Senior Vice President
P003
 
 

By:
/s/ Dennis McClellan
 
Name: Dennis McClellan
 
Title: Assistant Vice President

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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Toronto Dominion (New York) LLC, as a Bank
By:
/s/ Annie Dorval
 
Name: Annie Dorval
 
Title: Authorized Signatory

[for Banks requiring two signature blocks]
By:
NA
 
Name:
 
Title:

[Signature Page to First Amendment to Five-Year Credit Agreement (Rockwell
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