EX-10.2



 Exhibit 10.2 

AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT 

This AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT (this “Amendment”), dated as of April 30,
2014, is between TIMKEN RECEIVABLES CORPORATION, a Delaware corporation (the “Buyer”) and THE TIMKEN CORPORATION, an Ohio corporation (the “Originator”). 

W I T N E S S E T H: 
 WHEREAS,
the Buyer and the Originator are parties to that certain Second Amended and Restated Receivables Sale Agreement, dated as of November 10, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the
“Agreement”); and 
 WHEREAS, the Buyer and the Originator have agreed to amend the Agreement on the terms and conditions
set forth below; 
 NOW THEREFORE, in consideration of the premises herein contained, and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Defined Terms. Capitalized terms used and
not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 
 2. Amendment to the Agreement. The
definition of “Excluded Receivable” set forth in Exhibit I to the Agreement is hereby amended and restated in its entirety as follows: 

“Excluded Receivable” means any indebtedness or other obligations owed to the Buyer or the Originator by
(w) Autozone, Inc. in connection with the sale of goods or the rendering of services by Originator to Autozone, Inc., (x) General Parts International, Inc. in connection with the sale of goods or the rendering of services by Originator to
General Parts International, Inc., (y) Honeywell International Inc. in connection with the sale of goods or the rendering of services by Originator to Honeywell International Inc. or (z) any Obligor in connection with the sale of goods or
the rendering of services by such Originator relating to what is referred to in the Servicer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, as the Steel segment generated on or after May 1, 2014. 

3. Representations and Warranties of the Originator. In order to induce the Buyer to enter into this Amendment, the Originator
represents and warrants that: 







 (a) The representations and warranties of Originator set forth in
Section 2.1 of the Agreement, as hereby amended, are true, correct and complete on the date hereof as if made on and as of the date hereof and, there exists no Termination Event or Potential Termination Event on the date hereof, provided that
in the case of any representation or warranty in Section 2.1 of the Agreement that expressly relates to facts in existence on an earlier date, the reaffirmation thereof under this Section 3(a) shall be made as of such earlier date.

 (b) The execution and delivery by the Originator of this Amendment has been duly authorized by proper corporate
proceedings of the Originator and this Amendment, and the Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of the Originator, enforceable against the Originator in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws of general applicability affecting the enforcement of creditors’ rights generally and by general principles of equity (regardless
of whether enforcement is sought in a proceeding in equity or at law). 
 4. Ratification. The Agreement, as amended hereby, is
hereby ratified, approved and confirmed in all respects and shall become effective upon the effectiveness of Amendment No. 1 to Amended and Restated Receivables Purchase Agreement of even date herewith. 

5. Reference to Agreement. From and after the effective date hereof, each reference in the Agreement to “this Agreement”,
“hereof”, or “hereunder” or words of like import, and all references to the Agreement in any and all agreements, instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to mean the
Agreement as amended by this Amendment. 
 6. Costs and Expenses. The Originator agrees to pay all reasonable costs, fees and
out-of-pocket expenses (including reasonable attorneys’ fees and time charges of attorneys representing the Buyer and the Buyer’s assigns, which attorneys may be employees of the Buyer or its assigns) incurred by the Buyer and its assigns
in connection with the preparation, execution and enforcement of this Amendment. 
 7 Further Assurances. At any time and from time
to time, upon the request of Buyer or Agent, Originator shall execute and deliver to Buyer and Agent, and record, file or register, any and all additional instruments, documents, financing statement releases or further assurances as may be necessary
or proper in Buyer’s or Agent’s reasonable opinion to evidence the intent of this amendment. 
 8. CHOICE OF LAW. THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 AND SECTION 5-1402 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

  
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 9. Execution of Counterparts. This 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 signature page of this
Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

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

			
	TIMKEN RECEIVABLES CORPORATION, as the Buyer
		
	By:	 	 /s/ Steven D. Tschiegg

		 	Name: Steven D. Tschiegg
		 	Title:   Secretary
	
	THE TIMKEN CORPORATION, as the Originator
		
	By:	 	 /s/ Philip D. Fracassa

		 	Name: Philip D. Fracassa
		 	Title:   Vice President and Treasurer


 Signature Page to 

Amendment No. 2 to Second Amended and Restated Receivables Sale Agreement 







 Consented to by: 
  

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Agent
		
	By:	 	 /s/ Christopher Pohl

	Name: Christopher Pohl
	Title:   Managing Director
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as a Managing Agent
		
	By:	 	 /s/ Christopher Pohl

	Name: Christopher Pohl
	Title:   Managing Director

 Signature Page to 

Amendment No. 2 to Second Amended and Restated Receivables Sale Agreement