Document:

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                                                                    Exhibit 10.1

                              SUCCESSION AGREEMENT

                           DATED AS OF AUGUST 6, 2002

                                      AMONG

                                 FMC CORPORATION

                                       AND

                            BNY MIDWEST TRUST COMPANY
                                   as Trustee,

                                       AND

                       WACHOVIA BANK, NATIONAL ASSOCIATION
                              as Successor Trustee

<PAGE>

THIS SUCCESSION AGREEMENT, dated as of August 6, 2002, but not effective until
the date of execution and delivery hereof by all parties hereto, among FMC
Corporation, a Delaware corporation ("Company"), BNY Midwest Trust Company, an
Illinois trust company ("Trustee"), and Wachovia Bank, National Association, a
national banking association ("Successor Trustee"),

                                   WITNESSETH:

WHEREAS, the Company and Trustee are parties to an Indenture dated as of April
1, 1992 ("1992 "Indenture"), under which the Company has issued debt securities,
of which one series with an aggregate principal amount of $160,490,000 is
currently outstanding; and

WHEREAS, the Company and Trustee are parties to an Indenture dated as of July 1,
1996 ("1996 "Indenture"; together with the 1992 Indenture, "Indentures"), under
which the Company has issued debt securities, of which three series with an
aggregate outstanding principal amount of $342,500,000 are currently
outstanding; and

WHEREAS, Exhibit A hereto lists all the series of debt securities outstanding
under the 1992 Indenture or the 1996 Indenture; and

WHEREAS, the Company and Trustee are parties to an Exchange Rate Agent Agreement
dated as of January 24, 1997 ("1997 Exchange Rate Agreement"), pursuant to which
the Company has appointed the Trustee to serve as exchange rate agent for the
Company's Medium-Term Notes, Series A, issued under the 1996 Indenture; and

WHEREAS, the Company and Trustee are parties to an Exchange Rate Agent Agreement
dated as of November 12, 1998 ("1998 Exchange Rate Agreement"; together with the
1997 Exchange Rate Agreement, "Exchange Rate Agreements"), pursuant to which the
Company has appointed the Trustee to serve as exchange rate agent for the
Company's Medium-Term Notes, Series B, issued under the 1996 Indenture; and

WHEREAS, the Company and Trustee are parties to a Calculation Agent Agreement
dated as of January 24, 1997 ("1997 Calculation Agreement"), pursuant to which
the Company has appointed the Trustee to serve as calculation agent for the
Company's Medium-Term Notes, Series A, issued under the 1996 Indenture; and

WHEREAS, the Company and Trustee are parties to a Calculation Agent Agreement
dated as of November 12, 1998 ("1998 Calculation Agreement"; together with the
1997 Calculation Agreement, "Calculation Agreements"), pursuant to which the
Company has appointed the Trustee to serve as calculation agent for the
Company's Medium-Term Notes, Series B, issued under the 1996 Indenture; and

WHEREAS, each of the above-referenced indentures and agreements provides that in
certain circumstances the Trustee may resign or be removed from its position
thereunder; and

WHEREAS, the Trustee has given written notice to the Company of the Trustee's
resignation as trustee under the Indentures, as exchange rate agent under the
Exchange Rate Agreements, and as calculation agent under the Calculation
Agreements; such notice made pursuant to Section 6.8 of the Indentures, Section
7(a) of the Exchange Rate Agreements, and Section 6(a) of the Calculation
Agreements; and

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WHEREAS, the Company desires to appoint the Successor Trustee to serve as
successor trustee under the Indentures, to serve as successor exchange rate
agent under the Exchange Rate Agreements, and to serve as successor calculation
agent under the Calculation Agreements; such appointments to be made pursuant to
Section 6.8 of the Indenture, Section 7(b) of the Exchange Rate Agreements, and
Section 6(b) of the Calculation Agreements; and

WHEREAS, such appointments by the Company shall not be effective until their
acceptance hereunder by the Successor Trustee;

NOW THEREFORE, pursuant to Section 6.8 of the Indentures, Section 7 of the
Exchange Rate Agreements and Section 6 of the Calculation Agreements, and in
consideration of the covenants herein contained, and intending to be legally
bound hereby, the parties hereto agree as follows:

1. All capitalized terms and phrases used in this Agreement and not defined
herein shall have the meanings ascribed to them in the Indentures.

2. (a) The Company hereby acknowledges receipt of the Trustee's notice of
resignation as trustee, exchange rate agent and calculation agent, and waives
the 60-day notice requirement in Section 7(a) of the Exchange Rate Agreements
and Section 6(a) of the Calculation Agreements, and accepts such resignation,
which shall become effective at the close of business on the effective date of
this Agreement.

     (b) The Company hereby appoints the Successor Trustee to serve as trustee
under the Indentures, as exchange rate agent under the Exchange Rate Agreements,
and as calculation agent under the Calculation Agreements, such appointments to
become effective at the close of business on the effective date of this
Agreement.

     (c) With respect to its appointments in Section 2(b), the Company hereby
represents and warrants that its appointment of Successor Trustee as trustee is
authorized by resolution of the Board of Directors of Company, as required by
Section 6.8 of the Indentures.

3. The Successor Trustee hereby accepts, effective at the close of business on
the effective date of this Agreement, its appointment as trustee under the
Indentures, as exchange rate agent under the Exchange Rate Agreements, and as
calculation agent under the Calculation Agreements.

     (a) Pursuant to Section 6.8 of the Indentures, the Successor Trustee hereby
assumes all the rights, powers and duties of the trustee under the Indentures,
and agrees to perform said rights, powers and duties upon the terms and
conditions set forth in the Indentures. The Successor Trustee accepts the
transfer hereby from the Trustee of all the rights, powers, trusts, properties,
claims, demands, causes of action, immunities, estates, titles, and liens which
the Trustee now holds under and by virtue of the Indentures. The Successor
Trustee expressly undertakes to mail a notice of its succession to all Holders
of Securities affected. The Successor Trustee represents that it is qualified
and eligible to serve as successor trustee under the provisions of Section 6.10
of the Indentures.

     (b) Pursuant to Section 7(c) of the Exchange Rate Agreements, the Successor
Trustee hereby assumes and is vested with all the authority, rights, powers,
trusts, immunities, duties and obligations of the Trustee as exchange rate agent
under said agreements. The Successor Trustee shall give notice of its succession
as exchange rate agent to all Holders of Securities affected.

     (c) Pursuant to Section 6(c) of the Calculation Agreements, the Successor
Trustee hereby assumes and is vested with all the authority, rights, powers,
trusts, immunities, duties and obligations of the Trustee as

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calculation agent under said agreements. The Successor Trustee shall give notice
of its succession as calculation agent to all Holders of Securities affected.

4. At the request of the Company and the Successor Trustee hereby made, the
Trustee hereby transfers to the Successor Trustee all the rights, powers,
trusts, properties, claims, demands, causes of action, immunities, estates,
titles, and liens which the Trustee now holds under and by virtue of the
Indentures, and all the authority, rights, powers, trusts, immunities, duties
and obligations which the Trustee holds or to which it is subject under and by
virtue of either the Exchange Rate Agreements or the Calculation Rate
Agreements. The Trustee expressly undertakes to transfer and deliver to the
Successor Trustee as exchange rate agent, copies of any relevant records
maintained by the Trustee as predecessor exchange rate agent, and to the
Successor Trustee as calculation agent, copies of any relevant records
maintained by the Trustee as predecessor calculation agent.

5. The Trustee hereby acknowledges payment or provision for payment in full by
the Company of all amounts due to the Trustee as compensation for services or as
reimbursement of expenses incurred by the Trustee as trustee under the
Indentures, as exchange rate agent under the Exchange Rate Agreements, or as
calculation agent under the Calculation Agreements.

6. At the request of the Company for the purposes of more fully and certainly
vesting in and confirming to the Successor Trustee, the rights and powers which
the Trustee now holds under and by virtue of the Indentures, the Trustee hereby
joins in the execution hereof and agrees upon the prior written notice of the
Company and the Successor Trustee to execute, acknowledge and deliver such
further instruments of conveyance and further assurance and to so such other
things as may reasonably be required for more certainly vesting and confirming
in the Successor Trustee such rights and powers.

7. The Trustee will provide the Successor Trustee, for each of the 1992
Indenture and 1996 Indenture, with a certified list of Holders on or prior to
the conversion date. The Trustee hereby agrees to maintain all official bank
records in connection with its prior duties as Trustee including, but not
limited to, transfer records, payment records, certificate records, cremation
records, issuance records, stop payments, tax reporting and correspondence
records, all to be maintained in accordance with standard industry practice. The
Trustee will reasonably cooperate with the Successor Trustee in responding to
any inquiries received by the Successor Trustee that relate to transactions that
occurred prior to the execution and delivery date hereof. When requesting the
Trustee's assistance in responding to any such inquiry, the Successor Trustee
shall deliver said inquiry to the Trustee. The Trustee shall use reasonable
efforts to comply with all reasonable written requests made by the Successor
Trustee that are necessary or required to investigate and resolve such
inquiries.

8. On or prior to the effective date hereof the Trustee shall deliver (or
cooperate in transferring) to the Successor Trustee all monies and investments
then held (whether physically or in book-entry or similar form) by the Trustee
in any fund maintained by the Trustee under either of the Indentures, together
with a list of such funds and accounts and the monies and investments held
therein, which information shall be true and accurate in all material respects
as of the effective date hereof. The Trustee shall promptly transfer to the
Successor Trustee any other monies or investments in its possession, or received
by the Trustee, after the effective date hereof which properly relate to its
prior capacity as Trustee.

9. Upon request by the Successor Trustee, the Trustee shall execute any and all
terminations, amendments, supplements or assignments to uniform commercial code
financing statements and any other instruments necessary in order to acknowledge
the transfer to the Successor Trustee of all rights as secured party with
respect to any collateral in which the Trustee has been granted a security
interest under the relevant documents.

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10. This Agreement shall be construed in accordance with and governed by the
laws of the Commonwealth of Pennsylvania.

11. This Agreement may be executed in any number of counterparts each of which
shall be an original but which together shall constitute a single instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the close of business on the day and year first above written.

BNY Midwest Trust Company,              Wachovia Bank, National Association,
as Trustee, Exchange Rate Agent,        as Successor Trustee, Successor Exchange
and Calculation Agent                   Rate Agent, and Successor Calculation
                                        Agent

By: /s/ Judith Bartolini                         By: /s/ Alan Finn
    ------------------------------                   ---------------------------
Title: Vice President                            Title: Vice President

FMC Corporation

By: /s/ Thomas C. Deas, Jr.
    ------------------------------
Title: Vice President & Treasurer

Date of Execution and Delivery: 8/9/2002

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                                    Exhibit A

                   Debt Securities Issued under 1992 Indenture

6.375% Senior Bonds, Due 2003                     $160,490,000

                   Debt Securities Issued under 1996 Indenture

7.75% Senior Debentures, Due 2011                 $45,500,000

7.32% Medium Term Notes, Series A, Due 2007        40,000,000

7.00% Medium Term Notes, Series A, Due 2008        77,500,000

6.75% Medium Term Notes, Series A, Due 2005        60,000,000

7.125% Medium Term Notes, Series B, Due 2002       99,500,000

6.53% Medium Term Notes, Series B, Due 2003        20,000,000<PAGE>
                                                                    Exhibit 10.2

                                                                  Execution Copy

                      Second Amendment to Credit Agreement

          This Second Amendment to Credit Agreement dated as of August 30, 2002
(this "Amendment"), is entered into among FMC Corporation, a Delaware
corporation (the "Borrower"), each of the Lenders (as defined in the Credit
Agreement referred to below) party hereto and Citibank, N.A., as Administrative
Agent (as defined below), and amends the Credit Agreement dated as of January
31, 2002 (as amended hereby and as the same may be further amended, supplemented
or otherwise modified from time to time, the "Credit Agreement"), among the
Borrower, the Lenders and Citibank, N.A., as administrative agent for the
Lenders (in such capacity, and together with any successor agent, the
"Administrative Agent").

                              W i t n e s s e t h:

          Whereas, the Lenders have agreed to amend certain provisions of the
Credit Agreement on the terms set forth herein.

          Now, Therefore, the parties hereto hereby agree as follows:

          SECTION 1. Definitions. All capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to them in the Credit
Agreement.

          SECTION 2. Amendment. Effective as of the Second Amendment Effective
Date (as defined below), the Credit Agreement is hereby amended as follows:

          (a) The following definitions for the following terms are hereby
inserted in Section 1.01 of the Credit Agreement in the appropriate place to
preserve the alphabetical order of the definitions in such section:

               "Inventory" has the meaning ascribed to such term in the Uniform
Commercial Code of the State of New York.

               "Medium Term Notes" means, collectively, the following notes
issued by the Borrower under the Indenture dated as of July 6, 1996, between the
Borrower and Harris Trust and Savings Bank, as trustee: (i) the 7.125% Fixed
Rate Series B Medium Term Note in the original principal amount of $100,000,000
(of which $99,500,000 in principal amount is outstanding) and maturing on
November 25, 2002, (ii) the 6.530% Fixed Rate Medium Term Note in the original
principal amount of $25,000,000 and maturing on December 22, 2003, and (iii) the
7.00% Fixed Rate Series A Medium Term Note and maturing on May 15, 2008.

               "Securitization Agreement" means the Receivables Purchase
Agreement dated as of November 24, 1999 among the Borrower, FMC Funding
Corporation, Corporate Asset Funding Company, Inc., Citibank and Citibank North
America, Inc.

               "Security Agreement" means an agreement, in form and substance
satisfactory to the Administrative Agent, executed by the Borrower and each
other grantor, if any, and granting to the Administrative Agent, for the benefit
of the Lenders, a security interest in certain collateral acceptable to the
Administrative Agent and the Lenders.

               "Senior Notes" means, collectively, (i) the 6-3/8% Debentures
issued by the Borrower under the Indenture dated as of April 1, 1992 between the
Borrower and Harris Trust and Savings Bank, as trustee, in the original
principal amount of $150,000,000 and maturing on September 1,

<PAGE>

2003 and (ii) the 7-3/4% Senior Notes issued by the Borrower under the Indenture
dated as of July 1, 1996 between the Borrower and Harris Trust and Savings Bank,
as trustee, in the original principal amount of $100,000,000 and maturing on
July 1, 2011.

          (b) The defined term "Status" is hereby deleted in its entirety from
Section 1.01 of the Credit Agreement.

          (c) The definition of "Commitment Termination Date" is hereby amended
and restated in its entirety to read as follows:

               "Commitment Termination Date" means the earlier to occur of (i)
October 31, 2002, (ii) the termination of the commitments under the Existing
Credit Agreement, or (iii) the date on which the Commitments shall have been
reduced to zero pursuant to Section 2.10 or 6.01."

          (d) The definition of "Euro-Dollar Margin" is hereby amended and
restated in its entirety to read as follows:

               "Euro-Dollar Margin" means as of any date of determination, a
rate equal to 2% per annum.

          (e) The definition of "Facility Fee Rate" is hereby amended and
restated in its entirety to read as follows:

               "Facility Fee Rate" means, as of any date of determination, a
rate equal to 0.50% per annum.

          (f) Section 1.04 of the Credit Agreement is hereby deleted in its
entirety.

          (g) Section 3.02(b), clause (i) of the Credit Agreement is hereby
amended by deleting the text "Section 4.04(c) and" in the proviso at the end of
the paragraph.

          (h) Section 3.02(b), clause (iv) of the Credit Agreement is hereby
amended by inserting the text "or the Securitization Agreement" at the end of
the paragraph.

          (i) Section 3.02 of the Credit Agreement is hereby amended by deleting
the "and" at the end of clause (a) thereof, replacing the period at the end of
clause (b) thereof with the text "; and" and inserting a new clause (c) at the
end thereof to read in its entirety as follows:

          "(c) the Administrative Agent shall have received the Security
Agreement executed by the Borrower and each other grantor named therein,
together with evidence satisfactory to the Administrative Agent that, upon the
filing and recording of a financing statement, the Administrative Agent (for the
benefit of the Lenders) shall have a valid and perfected first priority security
interest in the Collateral (as defined in the Security Agreement)."

          (j) The following Section 4.14 is hereby added at the end of Article
IV of the Credit Agreement:

          "SECTION 4.14. Minimum Inventory. The fair market value of the
Inventory pledged to the Administrative Agent, for the benefit of the Lenders,
under the Security Agreement is not less than the aggregate Borrowings under
this Agreement."

                                       2

<PAGE>

          (k) Section 5.09 of the Credit Agreement is hereby amended by
inserting at the end of the first sentence the following proviso:

          "provided that the Borrower shall not use proceeds of any Borrowing
under this Agreement to repay the Medium Term Notes, the Senior Notes or any
amounts outstanding under the Existing Credit Agreement."

          (l) A following Section 5.13 is hereby added at the end of Article V
to the Credit Agreement:

          "SECTION 5.13. Minimum Inventory. The Borrower and its Subsidiaries
shall maintain a minimum level of Inventory such that the fair market value of
the Inventory pledged to the Administrative Agent, for the benefit of the
Lenders, under the Security Agreement is not less than the aggregate Borrowings
under this Agreement."

          (m) Section 6.01 of the Credit Agreement is hereby amended by deleting
the "or" at the end of clause (j) thereof, replacing the period at the end of
clause (k) thereof with the text "; or" and inserting a new clause (l) at the
end thereof to read in its entirety as follows:

          "(l) the Administrative Agent, for the benefit of the Lenders, shall
not have received a perfected, first priority security interest in all Inventory
of the Borrower at its facility located at 1701 E. Patapsco Avenue, Baltimore MD
21226, prior to September 13, 2002;"

          SECTION 3. Condition Precedent to Effectiveness. This Amendment shall
become effective as of the date (the "Second Amendment Effective Date") the
Administrative Agent shall have received this Amendment executed by the Borrower
and the Lenders.

          SECTION 4. Representations and Warranties. The Borrower hereby
represents and warrants to the Lenders that (a) as of the date hereof and after
giving effect to the terms of this Amendment, no Event of Default or Default has
occurred and is continuing and (b) all of the representations and warranties of
the Borrower contained in Article IV of the Credit Agreement, continue to be
true and correct as of the date of execution hereof in all material respects, as
though made on and as of such date (other than representations and warranties
which expressly speak as of a different date).

          SECTION 5. Reference to and Effect On the Credit Agreement or the
Notes.

          (a) Upon the effectiveness of this Amendment, on and after the date
hereof, each reference in the Credit Agreement to "this Agreement", "hereunder",
"hereof" or words of like import, and each reference in the Notes, shall mean
and be a reference to the Credit Agreement as amended hereby.

          (b) Except as specifically amended above, all of the terms of the
Credit Agreement and the Notes shall remain unchanged and in full force and
effect.

          (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 of the Notes, nor constitute a waiver of any provision of the
Credit Agreement or any of the Notes.

                                       3

<PAGE>

          SECTION 6. Fees, Costs and Expenses. The Borrower agrees to pay on
demand in accordance with the terms of Section 9.03 of the Credit Agreement, all
costs and expenses of the Administrative Agent in connection with the
preparation, reproduction, execution and delivery of this Amendment, including
the reasonable fees and out-of-pocket expenses of counsel for the Administrative
Agent with respect thereto.

          SECTION 7. Execution in Counterparts. This Amendment may be executed
and delivered in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original and all of which taken together shall constitute one and the
same original agreement.

          SECTION 8. Governing Law. This Amendment shall be interpreted, and the
rights and liabilities of the parties determined, in accordance with the laws of
the State of New York.

                                       4

<PAGE>

          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.

                                       FMC Corporation,
                                       as Borrower

                                       By: /s/ Thomas C. Deas, Jr.
                                          --------------------------------------
                                          Name: Thomas C. Deas, Jr.
                                          Title: Vice President and Treasurer

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

                                       By: /s/ Wajeeh Faheem
                                          --------------------------------------
                                          Name: Wajeeh Faheem
                                          Title: Vice President

                                       Bank of America, N.A.,
                                       as Lender

                                       By: /s/ Wendy J. Gorman
                                          --------------------------------------
                                          Name: Wendy J. Gorman
                                          Title: Principal

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