# EDGAR Filing Document

**Accession Number:** 0000093556
**File Stem:** 0001193125-23-046483
**Filing Date:** 2023-2
**Character Count:** 51837
**Document Hash:** be4b98f1cc5ce655fa51818c85b723d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-046483.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001193125-23-046483

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230223

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STANLEY BLACK & DECKER, INC.
- **CENTRAL INDEX KEY:** 0000093556
- **STANDARD INDUSTRIAL CLASSIFICATION:** CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
- **IRS NUMBER:** 060548860
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05224
- **FILM NUMBER:** 23659464

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 STANLEY DR
- **STREET 2:** P O BOX 7000
- **CITY:** NEW BRITAIN
- **STATE:** CT
- **ZIP:** 06053
- **BUSINESS PHONE:** 8602255111

**MAIL ADDRESS:**
- **STREET 1:** 1000 STANLEY DR
- **CITY:** NEW BRITAIN
- **STATE:** CT
- **ZIP:** 06053

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANLEY WORKS
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" encoding="utf-8" ? 8-K

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![LOGO](g309522g21m36.jpg)

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 23, 2023

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## Stanley Black & Decker, Inc.

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Connecticut** | **1-5224** | **06-0548860** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

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| | |
|:---|:---|
| **1000 Stanley Drive, New Britain,<br>Connecticut** | **06053** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (860) 225-5111

#### Not Applicable

#### (Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbols** | **Name of exchange<br>on which registered** |
| Common Stock - $2.50 Par Value per share | SWK | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.**  |

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<u>Amendments to Credit Agreements</u> 

Reference is made to (i) that certain $1,500,000,000 364-Day Credit Agreement, dated as of September 7, 2022, by and among Stanley Black & Decker, Inc., a Connecticut corporation (the "**Company**"), the banks, financial institutions and other institutional lenders party thereto, and Citibank, N.A., as administrative agent for the lenders (the "**Syndicated 364-Day Credit Agreement**"), (ii) that certain $500,000,000 364-Day Credit Agreement, dated as of September 7, 2022, by and among the Company, the banks, financial institutions and other institutional lenders party thereto, and Citibank, N.A. as administrative agent for the lenders (the "**Club 364-Day Credit Agreement**"), and (iii) that certain Amended and Restated Five Year Credit Agreement, dated as of September 8, 2021, by and among the Company, the banks, financial institutions and other institutional lenders party thereto, and Citibank, N.A., as administrative agent for the lenders (the "**5-Year Credit Agreement**" and, together with the Syndicated 364-Day Credit Agreement and the Club 364-Day Credit Agreement, the "**Credit Agreements**").

On February 23, 2023, the Company, the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders, entered into (i) Amendment No. 1 to the $1,500,000,000 364-Day Credit Agreement, which amends the Syndicated 364-Day Credit Agreement ("**Amendment No. 1 to Syndicated 364-Day Credit Agreement**"), (ii) Amendment No. 1 to the $500,000,000 364-Day Credit Agreement, which amends the Club 364-Day Credit Agreement ("**Amendment No. 1 to Club 364-Day Credit Agreement**"), and (iii) Amendment No. 2 to the Amended and Restated Five Year Credit Agreement, which amends the 5-Year Credit Agreement ("**Amendment No. 2 to 5-Year Credit Agreement**" and, together with Amendment No. 1 to Syndicated 364-Day Credit Agreement and Amendment No. 1 to Club 364-Day Credit Agreement, the "**Amendments**").

Each of the Amendments amends the definition of "EBITDA" in the Credit Agreement to which it relates to provide that, in calculating EBITDA for any four fiscal quarter period ending with the third fiscal quarter of fiscal year 2023, the fourth fiscal quarter of fiscal year 2023, the first fiscal quarter of fiscal year 2024 and the second fiscal quarter of fiscal year 2024 (each, an "**Adjustment Period**"), or for any period that includes any portion of an Adjustment Period, the Company is permitted to increase EBITDA by an amount equal to the following charges incurred during such Adjustment Period: (i) restructuring charges, (ii) charges for facility closures, (iii) acquisition and integration charges related to mergers and acquisitions, including those associated with the MTD Holdings, Inc. and Excel Industries acquisitions, (iv) charges associated with the Company's voluntary retirement program, (v) charges associated with the Company's global supply chain transformation, (vi) charges relating to the Russia business closure, (vii) charges relating to divested businesses, including impairment charges or losses on sale, (viii) debt extinguishment charges, (ix) charges related to legal, environmental or pension settlements, (x) asset impairment charges, and (xi) charges related to excess or obsolete inventory (collectively, the "**Applicable Adjustment Addbacks**"); provided that the sum of the Applicable Adjustment Addbacks for any Adjustment Period may not exceed $500,000,000 in the aggregate. In addition, each of the Amendments amends the Credit Agreement to which it relates by modifying the requirement that the Company must maintain, for each period of four consecutive fiscal quarters of the Company, an interest coverage ratio of not less than 3.50 to 1.00, to provide that the Company shall only be required to maintain an interest coverage ratio of not less than 1.50 to 1.00 for any Adjustment Period.

Pursuant to the Amendments, the Company has paid each of the lenders executing the Amendments a one-time amendment fee in an amount equal to three basis points of each such executing lender's commitment amount under each of the Credit Agreements.

The descriptions contained herein are summaries of certain material terms of the Amendments and are qualified in their entirety by reference to the Amendments attached as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3 hereto and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 10.1 | [Amendment No. 1 to Syndicated 364-Day Credit Agreement, dated as of February 23, 2023, by and among Stanley Black & Decker, Inc., the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders.](d309522dex101.htm) |
| 10.2 | [Amendment No. 1 to Club 364-Day Credit Agreement, dated as of February 23, 2023, by and among Stanley Black & Decker, Inc., the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders.](d309522dex102.htm) |
| 10.3 | [Amendment No. 2 to Amended and Restated Five Year Credit Agreement, dated as of February 23, 2023, by and among Stanley Black & Decker, Inc., the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders.](d309522dex103.htm) |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Stanley Black & Decker, Inc. | Stanley Black & Decker, Inc. |
| Date: February 23, 2023 | By: | /s/ Janet M. Link |
|  | Name: | Janet M. Link |
|  | Title: | Senior Vice President, General Counsel and Secretary |

---

## Exhibit 10.1

**Exhibit 10.1** 

**AMENDMENT NO. 1 TO THE** 

**$1,500,000,000 364-DAY CREDIT AGREEMENT** 

**This AMENDMENT NO. 1 TO $1,500,000,000 364-DAY CREDIT AGREEMENT**, dated as of February 23, 2023, is entered into by and among STANLEY BLACK & DECKER, INC., a Connecticut corporation (the "<u>Company</u>"), the Lenders (as such term is defined below) executing this Amendment on the signature pages hereto (the "<u>Executing Lenders</u>") and Citibank, N.A., as agent (the "<u>Agent</u>") for the Lenders.

**PRELIMINARY STATEMENTS:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company, the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the "<u>Lenders</u>") and the Agent have entered into a $1,500,000,000 364-Day Credit Agreement dated as of September 7, 2022 (such Credit Agreement, as so amended, the "<u>Credit Agreement</u>"). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company and the Required Lenders have agreed to further amend the Credit Agreement as hereinafter set forth.

SECTION 1. <u>Amendments to Credit Agreement</u>. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in <u>Section</u> <u>2</u>, hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The second sentence of the definition of "<u>EBITDA</u>" in Section 1.01 is amended by deleting the word "and" immediately preceding "(3)" and replacing it with "," and inserting the following language immediately prior the period in such sentence:

"and (4) in calculating EBITDA for any Adjustment Period or for any period that includes any portion of an Adjustment Period, the Company is permitted to increase EBITDA by an amount equal to the Applicable Adjustment Addbacks"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 1.01 is further amended by adding the following definitions in the appropriate alphabetical order:

"<u>Adjustment Period</u>" means each four fiscal quarter period ending with the third fiscal quarter of fiscal year 2023, the fourth fiscal quarter of fiscal year 2023, the first fiscal quarter of fiscal year 2024 and the second fiscal quarter of fiscal year 2024.

"<u>Applicable Adjustment Addbacks</u>" means charges relating to any of the following: (i) restructuring charges, (ii) charges for facility closures, (iii) acquisition and integration charges related to mergers and acquisitions, including those associated with the MTD Holdings, Inc. and Excel Industries acquisitions, (iv) charges associated with the Company's voluntary retirement program, (v) charges associated with the Company's global supply chain transformation, (vi) charges relating to the Russia business closure, (vii) charges relating to divested businesses, including impairment charges or losses on sale, (viii) debt extinguishment charges, (ix) charges related to legal, environmental or pension settlements, (x) asset impairment charges, and (xi) charges related to excess or obsolete inventory, in each case for items (i) through (xi) incurred during an Adjustment Period; provided that the sum of the Applicable Adjustment Addbacks for any Adjustment Period will not exceed $500,000,000 in the aggregate.

Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 5.01(f) is amended in full to read as follows:

<u>Interest Coverage Ratio</u>. The Company shall maintain, for each period of four consecutive fiscal quarters of the Company an Interest Coverage Ratio of not less than 3.50 to 1.00, <u>provided</u> that the Company shall only be required to maintain an Interest Coverage Ratio of not less than 1.50 to 1.00 for any Adjustment Period.

SECTION 2. <u>Conditions of Effectiveness</u>. This Amendment shall become effective as of the date hereof, as of which the Administrative Agent shall confirm to the Company that it has received the following in form and substance satisfactory to the Administrative Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Executed Counterparts</u>. Counterparts of this Amendment executed by the Company and the Lenders party to the Credit Agreement constituting the Required Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Amendment Fee</u>. Payment by the Company to each of the Executing Lenders a one-time amendment fee in an amount equal to three (3) basis points of such Executing Lender's Commitment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Fees and Expenses</u>. Payment by the Company in full of the costs, expenses, and fees as set forth in Section 8.04(a) of the Credit Agreement.

SECTION 3. <u>Representations and Warranties</u> The Company represents and warrants to the Lenders and the Administrative Agent, as to itself and each of its Subsidiaries, that (a) the representations and warranties set forth in Article IV of the Credit Agreement and in each of the other Loan Documents that have been entered into by the Company or any of the Designated Borrowers are true and correct in all material respects (other than any representation or warranty qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on the date hereof as if made on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, such representation and warranty shall be true and correct in all material respects as of such specific date) and as if each reference in said Article IV to "this Agreement" included reference to this Amendment and (b) no Default or Event of Default has occurred and is continuing.

SECTION 4. <u>Reference to and Effect on the Loan Documents</u>. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Credit Agreement and the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement and shall be deemed to be a Loan Document.

SECTION 5. <u>Costs and Expenses.</u> The Company agrees to pay on demand all costs and expenses of the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in accordance with the terms of Section 8.04 of the Credit Agreement.

SECTION 6. <u>Execution in Counterparts</u>. 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 transmission or other electronic format shall be effective as delivery of a manually executed counterpart hereof. The words "execution," "signed," "signature," and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

SECTION 7. <u>Applicable Law, Jury Waiver and Jurisdiction.</u> The provisions set forth in Sections 8.11 (Governing Law; Waiver of Jury Trial) and 8.13 (Submission to Jurisdiction; Etc*.*) of the Credit Agreement shall apply to this Amendment and are hereby incorporated by reference, *mutatis mutandis*, with the same force and effect as if fully set forth in this Amendment (and as if each reference to "this Agreement" were a reference to this Amendment).

Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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**IN WITNESS WHEREOF**, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

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| | |
|:---|:---|
| **STANLEY BLACK & DECKER, INC.** | **STANLEY BLACK & DECKER, INC.** |
| By: | /s/ Robert T. Paternostro |
|  Name: | Robert T. Paternostro |
|  Title: | Vice President & Treasurer |

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| | |
|:---|:---|
| **CITIBANK, N.A.,**<br> as Administrative Agent and as Lender | **CITIBANK, N.A.,**<br> as Administrative Agent and as Lender |
| By: | /s/ Daniel Boselli |
|  Name: | Daniel Boselli |
|  Title: | Vice President |

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A.** | **BANK OF AMERICA, N.A.** |
| By: | /s/ Michael Contreras |
|  Name: | Michael Contreras |
|  Title: | Director |

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| | |
|:---|:---|
| **JPMORGAN CHASE BANK, N.A.** | **JPMORGAN CHASE BANK, N.A.** |
| By: | /s/ Jonathan Bennett |
|  Name: | Jonathan Bennett |
|  Title: | Executive Director |

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| | |
|:---|:---|
| **WELLS FARGO BANK, NATIONAL ASSOCIATION** | **WELLS FARGO BANK, NATIONAL ASSOCIATION** |
| By: | /s/ Kay Reedy |
|  Name: | Kay Reedy |
|  Title: | Managing Director |

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Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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| | |
|:---|:---|
| **BARCLAYS BANK PLC** | **BARCLAYS BANK PLC** |
| By: | /s/ Charlene Saldanha |
|  Name: | Charlene Saldanha |
|  Title: | Vice President |

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| | |
|:---|:---|
| **CREDIT SUISSE AG, NEW YORK BRANCH** | **CREDIT SUISSE AG, NEW YORK BRANCH** |
| By: | /s/ Doreen Barr |
|  Name: | Doreen Barr |
|  Title: | Authorized Signatory |
| By: | /s/ Michael Dieffenbacher |
|  Name: | Michael Dieffenbacher |
|  Title: | Authorized Signatory |

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| | |
|:---|:---|
| **DEUTSCHE BANK AG NEW YORK BRANCH** | **DEUTSCHE BANK AG NEW YORK BRANCH** |
| By: | /s/ Ming K. Chu |
|  Name: | Ming K. Chu |
|  Title: | Director |
| By: | /s/ Marko Lukin |
|  Name: | Marko Lukin |
|  Title: | Vice President |

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| | |
|:---|:---|
| **GOLDMAN SACHS BANK USA** | **GOLDMAN SACHS BANK USA** |
| By: | /s/ Keshia Leday |
|  Name: | Keshia Leday |
|  Title: | Authorized Signatory |

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Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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| | |
|:---|:---|
| **MORGAN STANLEY BANK, N.A.** | **MORGAN STANLEY BANK, N.A.** |
| By: | /s/ Jack Kuhns |
|  Name: | Jack Kuhns |
|  Title: | Authorized Signatory |

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| | |
|:---|:---|
| **MUFG BANK, LTD.** | **MUFG BANK, LTD.** |
| By: | /s/ Jack Lonker |
|  Name: | Jack Lonker |
|  Title: | Authorized Signatory |

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| | |
|:---|:---|
| **ROYAL BANK OF CANADA** | **ROYAL BANK OF CANADA** |
| By: | /s/ Sean Hakimi |
|  Name: | Sean Hakimi |
|  Title: | Authorized Signatory |

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| | |
|:---|:---|
| **BNP PARIBAS** | **BNP PARIBAS** |
| By: | /s/ David Foster |
|  Name: | David Foster |
|  Title: | Director |
| By: | /s/ Claudia Zarate |
|  Name: | Claudia Zarate |
|  Title: | Managing Director |

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| | |
|:---|:---|
| **HSBC BANK USA, NATIONAL ASSOCIATION** | **HSBC BANK USA, NATIONAL ASSOCIATION** |
| By: | /s/ Andrew Everett |
|  Name: | Andrew Everett |
|  Title: | Senior Vice President |

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Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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| | |
|:---|:---|
| **SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)** | **SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)** |
| By: | /s/ Penny Neville-Park |
|  Name: | Penny Neville-Park |
|  Title: | Authorised signatory |
| By: | /s/ Andrew Moore |
|  Name: | Andrew Moore |
|  Title: | Authorised signatory |

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| | |
|:---|:---|
| **THE BANK OF NEW YORK MELLON** | **THE BANK OF NEW YORK MELLON** |
| By: | /s/ Thomas J. Tarasovich, Jr. |
|  Name: | Thomas J. Tarasovich, Jr. |
|  Title: | Vice President |

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| | |
|:---|:---|
| **U.S. BANK NATIONAL ASSOCIATION** | **U.S. BANK NATIONAL ASSOCIATION** |
| By: | /s/ Kenneth R. Fieler |
|  Name: | Kenneth R. Fieler |
|  Title: | Vice President |

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| | |
|:---|:---|
| **BANK OF CHINA, NEW YORK BRANCH** | **BANK OF CHINA, NEW YORK BRANCH** |
| By: | /s/ Raymond Qiao |
|  Name: | Raymond Qiao |
|  Title: | Executive Vice President |

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Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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| | |
|:---|:---|
| **ING BANK N.V., DUBLIN BRANCH** | **ING BANK N.V., DUBLIN BRANCH** |
| By: | /s/ Cormac Langford |
|  Name: | Cormac Langford |
|  Title: | Director |
| By: | /s/ Sean Hassett |
|  Name: | Sean Hassett |
|  Title: | Director |

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| | |
|:---|:---|
| **STANDARD CHARTERED BANK** | **STANDARD CHARTERED BANK** |
| By: | /s/ Kristopher Tracy |
|  Name: | Kristopher Tracy |
|  Title: | Director, Financing Solutions |

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| | |
|:---|:---|
| **THE BANK OF NOVA SCOTIA** | **THE BANK OF NOVA SCOTIA** |
| By: | /s/ Frans Braniotis |
|  Name: | Frans Braniotis |
|  Title: | Managing Director |

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| | |
|:---|:---|
| **THE HUNTINGTON NATIONAL BANK** | **THE HUNTINGTON NATIONAL BANK** |
| By: | /s/ Tim Wiegand |
|  Name: | Tim Wiegand |
|  Title: | Managing Director |

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| | |
|:---|:---|
| **THE TORONTO-DOMINION BANK, NEW YORK BRANCH** | **THE TORONTO-DOMINION BANK, NEW YORK BRANCH** |
| By: | /s/ David Perlman |
|  Name: | David Perlman |
|  Title: | Authorized Signatory |

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Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

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| | |
|:---|:---|
| **TRUIST BANK** | **TRUIST BANK** |
| By: | /s/ Jason Hembree |
|  Name: | Jason Hembree |
|  Title: | Vice President |

---

Stanley Black & Decker Am to $1,500,000,000 364-Day Credit Agreement

## Exhibit 10.2

**Exhibit 10.2** 

**AMENDMENT NO. 1 TO THE** 

**$500,000,000 364-DAY CREDIT AGREEMENT** 

**This AMENDMENT NO. 1 TO $500,000,000 364-DAY CREDIT AGREEMENT**, dated as of February 23, 2023, is entered into by and among STANLEY BLACK & DECKER, INC., a Connecticut corporation (the "<u>Company</u>"), the Lenders (as such term is defined below) executing this Amendment on the signature pages hereto (the "<u>Executing Lenders</u>") and Citibank, N.A., as agent (the "<u>Agent</u>") for the Lenders.

**PRELIMINARY STATEMENTS:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company, the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the "<u>Lenders</u>") and the Agent have entered into a $500,000,000 364-Day Credit Agreement dated as of September 7, 2022 (such Credit Agreement, as so amended, the "<u>Credit Agreement</u>"). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company and the Required Lenders have agreed to further amend the Credit Agreement as hereinafter set forth.

SECTION 1. <u>Amendments to Credit Agreement</u>. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in <u>Section</u> <u>2</u>, hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The second sentence of the definition of "<u>EBITDA</u>" in Section 1.01 is amended by deleting the word "and" immediately preceding "(3)" and replacing it with "," and inserting the following language immediately prior the period in such sentence:

"and (4) in calculating EBITDA for any Adjustment Period or for any period that includes any portion of an Adjustment Period, the Company is permitted to increase EBITDA by an amount equal to the Applicable Adjustment Addbacks"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 1.01 is further amended by adding the following definitions in the appropriate alphabetical order:

"<u>Adjustment Period</u>" means each four fiscal quarter period ending with the third fiscal quarter of fiscal year 2023, the fourth fiscal quarter of fiscal year 2023, the first fiscal quarter of fiscal year 2024 and the second fiscal quarter of fiscal year 2024.

"<u>Applicable Adjustment Addbacks</u>" means charges relating to any of the following: (i) restructuring charges, (ii) charges for facility closures, (iii) acquisition and integration charges related to mergers and acquisitions, including those associated with the MTD Holdings, Inc. and Excel Industries acquisitions, (iv) charges associated with the Company's voluntary retirement program, (v) charges associated with the Company's global supply chain transformation, (vi) charges relating to the Russia business closure, (vii) charges relating to divested businesses, including impairment charges or losses on sale, (viii) debt extinguishment charges, (ix) charges related to legal, environmental or pension settlements, (x) asset impairment charges, and (xi) charges related to excess or obsolete inventory, in each case for items (i) through (xi) incurred during an Adjustment Period; provided that the sum of the Applicable Adjustment Addbacks for any Adjustment Period will not exceed $500,000,000 in the aggregate.

Stanley Black & Decker Am to $500,000,000 364-Day Credit Agreement

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 5.01(f) is amended in full to read as follows:

<u>Interest Coverage Ratio</u>. The Company shall maintain, for each period of four consecutive fiscal quarters of the Company an Interest Coverage Ratio of not less than 3.50 to 1.00, <u>provided</u> that the Company shall only be required to maintain an Interest Coverage Ratio of not less than 1.50 to 1.00 for any Adjustment Period.

SECTION 2. <u>Conditions of Effectiveness</u>. This Amendment shall become effective as of the date hereof, as of which the Administrative Agent shall confirm to the Company that it has received the following in form and substance satisfactory to the Administrative Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Executed Counterparts</u>. Counterparts of this Amendment executed by the Company and the Lenders party to the Credit Agreement constituting the Required Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Amendment Fee</u>. Payment by the Company to each of the Executing Lenders a one-time amendment fee in an amount equal to three (3) basis points of such Executing Lender's Commitment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Fees and Expenses</u>. Payment by the Company in full of the costs, expenses, and fees as set forth in Section 8.04(a) of the Credit Agreement.

SECTION 3. <u>Representations and Warranties</u> The Company represents and warrants to the Lenders and the Administrative Agent, as to itself and each of its Subsidiaries, that (a) the representations and warranties set forth in Article IV of the Credit Agreement and in each of the other Loan Documents that have been entered into by the Company or any of the Designated Borrowers are true and correct in all material respects (other than any representation or warranty qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on the date hereof as if made on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, such representation and warranty shall be true and correct in all material respects as of such specific date) and as if each reference in said Article IV to "this Agreement" included reference to this Amendment and (b) no Default or Event of Default has occurred and is continuing.

SECTION 4. <u>Reference to and Effect on the Loan Documents</u>. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Credit Agreement and the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

Stanley Black & Decker Am to $500,000,000 364-Day Credit Agreement

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement and shall be deemed to be a Loan Document.

SECTION 5. <u>Costs and Expenses.</u> The Company agrees to pay on demand all costs and expenses of the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in accordance with the terms of Section 8.04 of the Credit Agreement.

SECTION 6. <u>Execution in Counterparts</u>. 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 transmission or other electronic format shall be effective as delivery of a manually executed counterpart hereof. The words "execution," "signed," "signature," and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

SECTION 7. <u>Applicable Law, Jury Waiver and Jurisdiction.</u> The provisions set forth in Sections 8.11 (Governing Law; Waiver of Jury Trial) and 8.13 (Submission to Jurisdiction; Etc*.*) of the Credit Agreement shall apply to this Amendment and are hereby incorporated by reference, *mutatis mutandis*, with the same force and effect as if fully set forth in this Amendment (and as if each reference to "this Agreement" were a reference to this Amendment).

Stanley Black & Decker Am to $500,000,000 364-Day Credit Agreement

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**IN WITNESS WHEREOF**, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

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| | |
|:---|:---|
| **STANLEY BLACK & DECKER, INC.** | **STANLEY BLACK & DECKER, INC.** |
| By: | /s/ Robert T. Paternostro |
| Name: | Robert T. Paternostro |
| Title: | Vice President & Treasurer |
| **CITIBANK, N.A.**,<br> as Administrative Agent and as Lender | **CITIBANK, N.A.**,<br> as Administrative Agent and as Lender |
| By: | /s/ Daniel Boselli |
| Name: | Daniel Boselli |
| Title: | Vice President |
| **BANK OF AMERICA, N.A.** | **BANK OF AMERICA, N.A.** |
| By: | /s/ Michael Contreras |
| Name: | Michael Contreras |
| Title: | Director |
| **JPMORGAN CHASE BANK, N.A.** | **JPMORGAN CHASE BANK, N.A.** |
| By: | /s/ Jonathan Bennett |
| Name: | Jonathan Bennett |
| Title: | Executive Director |
| **WELLS FARGO BANK, NATIONAL ASSOCIATION** | **WELLS FARGO BANK, NATIONAL ASSOCIATION** |
| By: | /s/ Kay Reedy |
| Name: | Kay Reedy |
| Title: | Managing Director |

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Stanley Black & Decker Am to $500,000,000 364-Day Credit Agreement

## Exhibit 10.3

**Exhibit 10.3** 

**AMENDMENT NO. 2 TO THE** 

**AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT** 

**This AMENDMENT NO. 2 TO THE AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT**, dated as of February 23, 2023, is entered into by and among STANLEY BLACK & DECKER, INC., a Connecticut corporation (the "<u>Company</u>"), the Lenders (as such term is defined below) executing this Amendment on the signature pages hereto (the "<u>Executing Lenders</u>") and Citibank, N.A., as agent (the "<u>Agent</u>") for the Lenders.

**PRELIMINARY STATEMENTS:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company, the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the "<u>Lenders</u>") and the Agent have entered into an Amended and Restated Credit Agreement dated as of September 8, 2021 (such Credit Agreement, as so amended, the "<u>Credit Agreement</u>"). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company and the Required Lenders have agreed to further amend the Credit Agreement as hereinafter set forth.

SECTION 1. <u>Amendments to Credit Agreement</u>. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in <u>Section</u> <u>2</u>, hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The second sentence of the definition of "<u>EBITDA</u>" in Section 1.01 is amended by deleting the word "and" immediately preceding "(3)" and replacing it with "," and inserting the following language immediately prior the period in such sentence:

"and (4) in calculating EBITDA for any Adjustment Period or for any period that includes any portion of an Adjustment Period, the Company is permitted to increase EBITDA by an amount equal to the Applicable Adjustment Addbacks"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 1.01 is further amended by adding the following definitions in the appropriate alphabetical order:

"<u>Adjustment Period</u>" means each four fiscal quarter period ending with the third fiscal quarter of fiscal year 2023, the fourth fiscal quarter of fiscal year 2023, the first fiscal quarter of fiscal year 2024 and the second fiscal quarter of fiscal year 2024.

"<u>Applicable Adjustment Addbacks</u>" means charges relating to any of the following: (i) restructuring charges, (ii) charges for facility closures, (iii) acquisition and integration charges related to mergers and acquisitions, including those associated with the MTD Holdings, Inc. and Excel Industries acquisitions, (iv) charges associated with the Company's voluntary retirement program, (v) charges associated with the Company's global supply chain transformation, (vi) charges relating to the Russia business closure, (vii) charges relating to divested businesses, including impairment charges or losses on sale, (viii) debt extinguishment charges, (ix) charges related to legal, environmental or pension settlements, (x) asset impairment charges, and (xi) charges related to excess or obsolete inventory, in each case for items (i) through (xi) incurred during an Adjustment Period; provided that the sum of the Applicable Adjustment Addbacks for any Adjustment Period will not exceed $500,000,000 in the aggregate.

Stanley Black & Decker Am to 5 Year Credit Agreement

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 5.01(f) is amended in full to read as follows:

<u>Interest Coverage Ratio</u>. The Company shall maintain, for each period of four consecutive fiscal quarters of the Company an Interest Coverage Ratio of not less than 3.50 to 1.00, <u>provided</u> that the Company shall only be required to maintain an Interest Coverage Ratio of not less than 1.50 to 1.00 for any Adjustment Period.

SECTION 2. <u>Conditions of Effectiveness</u>. This Amendment shall become effective as of the date hereof, as of which the Administrative Agent shall confirm to the Company that it has received the following in form and substance satisfactory to the Administrative Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Executed Counterparts</u>. Counterparts of this Amendment executed by the Company and the Lenders party to the Credit Agreement constituting the Required Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Amendment Fee</u>. Payment by the Company to each of the Executing Lenders a one-time amendment fee in an amount equal to three (3) basis points of such Executing Lender's Commitment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Fees and Expenses</u>. Payment by the Company in full of the costs, expenses, and fees as set forth in Section 8.04(a) of the Credit Agreement.

SECTION 3. <u>Representations and Warranties</u> The Company represents and warrants to the Lenders and the Administrative Agent, as to itself and each of its Subsidiaries, that (a) the representations and warranties set forth in Article IV of the Credit Agreement and in each of the other Loan Documents that have been entered into by the Company or any of the Designated Borrowers are true and correct in all material respects (other than any representation or warranty qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on the date hereof as if made on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, such representation and warranty shall be true and correct in all material respects as of such specific date) and as if each reference in said Article IV to "this Agreement" included reference to this Amendment and (b) no Default or Event of Default has occurred and is continuing.

SECTION 4. <u>Reference to and Effect on the Loan Documents</u>. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

Stanley Black & Decker Am to 5 Year Credit Agreement

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Credit Agreement and the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement and shall be deemed to be a Loan Document.

SECTION 5. <u>Costs and Expenses.</u> The Company agrees to pay on demand all costs and expenses of the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in accordance with the terms of Section 8.04 of the Credit Agreement.

SECTION 6. <u>Execution in Counterparts</u>. 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 transmission or other electronic format shall be effective as delivery of a manually executed counterpart hereof. The words "execution," "signed," "signature," and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

SECTION 7. <u>Applicable Law, Jury Waiver and Jurisdiction.</u> The provisions set forth in Sections 8.11 (Governing Law; Waiver of Jury Trial) and 8.13 (Submission to Jurisdiction; Etc*.*) of the Credit Agreement shall apply to this Amendment and are hereby incorporated by reference, *mutatis mutandis*, with the same force and effect as if fully set forth in this Amendment (and as if each reference to "this Agreement" were a reference to this Amendment).

Stanley Black & Decker Am to 5 Year Credit Agreement

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**IN WITNESS WHEREOF**, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

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| | |
|:---|:---|
| **STANLEY BLACK & DECKER, INC.** | **STANLEY BLACK & DECKER, INC.** |
| By: | /s/ Robert T. Paternostro |
| Name: | Robert T. Paternostro |
| Title: | Vice President & Treasurer |
| **CITIBANK, N.A.,**<br> as Administrative Agent and as Lender | **CITIBANK, N.A.,**<br> as Administrative Agent and as Lender |
| By: | /s/ Daniel Boselli |
| Name: | Daniel Boselli |
| Title: | Vice President |
| **BANK OF AMERICA, N.A.** | **BANK OF AMERICA, N.A.** |
| By: | /s/ Michael Contreras |
| Name: | Michael Contreras |
| Title: | Director |
| **JPMORGAN CHASE BANK, N.A.** | **JPMORGAN CHASE BANK, N.A.** |
| By: | /s/ Jonathan Bennett |
| Name: | Jonathan Bennett |
| Title: | Executive Director |
| **WELLS FARGO BANK, NATIONAL ASSOCIATION** | **WELLS FARGO BANK, NATIONAL ASSOCIATION** |
| By: | /s/ Kay Reedy |
| Name: | Kay Reedy |
| Title: | Managing Director |

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Stanley Black & Decker Am to 5 Year Credit Agreement

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| | |
|:---|:---|
| **BARCLAYS BANK PLC** | **BARCLAYS BANK PLC** |
| By: | /s/ Charlene Saldanha |
| Name: | Charlene Saldanha |
| Title: | Vice President |
| **CREDIT SUISSE AG, NEW YORK BRANCH** | **CREDIT SUISSE AG, NEW YORK BRANCH** |
| By: | /s/ Doreen Barr |
| Name: | Doreen Barr |
| Title: | Authorized Signatory |
| By: | /s/ Michael Dieffenbacher |
| Name: | Michael Dieffenbacher |
| Title: | Authorized Signatory |
| **DEUTSCHE BANK AG NEW YORK BRANCH** | **DEUTSCHE BANK AG NEW YORK BRANCH** |
| By: | /s/ Ming K. Chu |
| Name: | Ming K. Chu |
| Title: | Director |
| By: | /s/ Marko Lukin |
| Name: | Marko Lukin |
| Title: | Vice President |
| **GOLDMAN SACHS BANK USA** | **GOLDMAN SACHS BANK USA** |
| By: | /s/ Keshia Leday |
| Name: | Keshia Leday |
| Title: | Authorized Signatory |

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Stanley Black & Decker Am to 5 Year Credit Agreement

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| | |
|:---|:---|
| **MORGAN STANLEY BANK, N.A.** | **MORGAN STANLEY BANK, N.A.** |
| By: | /s/ Jack Kuhns |
| Name: | Jack Kuhns |
| Title: | Authorized Signatory |
| **MUFG BANK, LTD.** | **MUFG BANK, LTD.** |
| By: | /s/ Jack Lonker |
| Name: | Jack Lonker |
| Title: | Authorized Signatory |
| **ROYAL BANK OF CANADA** | **ROYAL BANK OF CANADA** |
| By: | /s/ Sean Hakimi |
| Name: | Sean Hakimi |
| Title: | Authorized Signatory |
| **BNP PARIBAS** | **BNP PARIBAS** |
| By: | /s/ David Foster |
| Name: | David Foster |
| Title: | Director |
| By: | /s/ Claudia Zarate |
| Name: | Claudia Zarate |
| Title: | Managing Director |
| **HSBC BANK USA, NATIONAL ASSOCIATION** | **HSBC BANK USA, NATIONAL ASSOCIATION** |
| By: | /s/ Andrew Everett |
| Name: | Andrew Everett |
| Title: | Senior Vice President |

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Stanley Black & Decker Am to 5 Year Credit Agreement

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| | |
|:---|:---|
| **SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)** | **SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)** |
| By: | /s/ Penny Neville-Park |
| Name: | Penny Neville-Park |
| Title: | Authorised signatory |
| By: | /s/ Andrew Moore |
| Name: | Andrew Moore |
| Title: | Authorised signatory |
| **THE BANK OF NEW YORK MELLON** | **THE BANK OF NEW YORK MELLON** |
| By: | /s/ Thomas J. Tarasovich, Jr. |
| Name: | Thomas J. Tarasovich, Jr. |
| Title: | Vice President |
| **U.S. BANK NATIONAL ASSOCIATION** | **U.S. BANK NATIONAL ASSOCIATION** |
| By: | /s/ Kenneth R. Fieler |
| Name: | Kenneth R. Fieler |
| Title: | Vice President |
| **BANK OF CHINA, NEW YORK BRANCH** | **BANK OF CHINA, NEW YORK BRANCH** |
| By: | /s/ Raymond Qiao |
| Name: | Raymond Qiao |
| Title: | Executive Vice President |

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Stanley Black & Decker Am to 5 Year Credit Agreement

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| | |
|:---|:---|
| **ING BANK N.V., DUBLIN BRANCH** | **ING BANK N.V., DUBLIN BRANCH** |
| By: | /s/ Cormac Langford |
| Name: | Cormac Langford |
| Title: | Director |
| By: | /s/ Sean Hassett |
| Name: | Sean Hassett |
| Title: | Director |
| **STANDARD CHARTERED BANK** | **STANDARD CHARTERED BANK** |
| By: | /s/ Kristopher Tracy |
| Name: | Kristopher Tracy |
| Title: | Director, Financing Solutions |
| **THE BANK OF NOVA SCOTIA** | **THE BANK OF NOVA SCOTIA** |
| By: | /s/ Frans Braniotis |
| Name: | Frans Braniotis |
| Title: | Managing Director |
| **THE HUNTINGTON NATIONAL BANK** | **THE HUNTINGTON NATIONAL BANK** |
| By: | /s/ Tim Wiegand |
| Name: | Tim Wiegand |
| Title: | Managing Director |
| **THE TORONTO-DOMINION BANK, NEW YORK BRANCH** | **THE TORONTO-DOMINION BANK, NEW YORK BRANCH** |
| By: | /s/ David Perlman |
| Name: | David Perlman |
| Title: | Authorized Signatory |

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Stanley Black & Decker Am to 5 Year Credit Agreement

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| | |
|:---|:---|
| **TRUIST BANK** | **TRUIST BANK** |
| By: | /s/ Jason Hembree |
| Name: | Jason Hembree |
| Title: | Vice President |

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Stanley Black & Decker Am to 5 Year Credit Agreement