Document:

Exhibit

Exhibit 10(k)(k)
EXECUTION VERSION

AMENDMENT NO. 1 dated as of March 1, 2019 (this “Amendment”), to the SECOND AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT dated as of April 2, 2014, as amended and restated as of November 1, 2015, as further amended and restated as of March 30, 2018 (as previously amended, the “Credit Agreement”), among HP INC. (the “Borrower”), the Lenders from time to time party thereto (the “Lenders”), CITIBANK, N.A., as Administrative Processing Agent and Co-Administrative Agent (in such capacity, the “Administrative Agent”) and JPMORGAN CHASE BANK, N.A., as Co- Administrative Agent.
WI T N E S S E T H:
WHEREAS the Lenders have agreed to extend credit to the Borrower under the Credit Agreement on the terms and subject to the conditions set forth therein; and
WHEREAS the Borrower has requested that the Lenders amend provisions of the Credit Agreement to, among other things, remove the covenant limiting Sale and Leaseback Transactions therein, and the Lenders are willing to so amend the Credit Agreement on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows:
ARTICLE I.
Amendments
Section 1.01    Defined Terms. Capitalized terms used but not otherwise defined herein (including in the preamble and recitals hereto) have the meanings assigned to them in the Credit Agreement.
Section 1.02    Amendments of the Credit Agreement. 
(a)Section 1.01 of the Credit Agreement is hereby amended by:
(i)deleting the definitions of “Attributable Debt” and “Sale and Leaseback Transaction” appearing therein; and
(ii)deleting the words “, including for purposes of determining “Attributable Debt”” from the definition of “Capital Lease Obligations” appearing therein.
(b)Section 6.01 of the Credit Agreement is hereby amended by:
(i)deleting the words “or Attributable Debt” from the first sentence thereof;
(ii)amending and restating clause (g) thereof as follows:  “(g)  other Indebtedness of Subsidiaries; provided that the sum, without duplication, of (i) the aggregate outstanding principal amount of Indebtedness permitted by this clause (g) plus (ii) the aggregate outstanding principal amount of Indebtedness and other obligations secured by Liens permitted by Section 6.02(g) shall not exceed at any time the greater of $700,000,000 and 12.5% of Consolidated Net Tangible Assets as of the most recent fiscal quarter end for which financial statements of the Borrower have been delivered pursuant to Section 5.01(a) or (b);”; and 
(iii)deleting the words “or Attributable Debt” appearing in clause (h).
(c)Section 6.02 of the Credit Agreement is hereby amended by: 
(i)amending and restating clause (g) thereof as follows:  (g)  other Liens securing Indebtedness or other obligations of the Borrower or any Subsidiary; provided that the sum, without duplication, at any time of (i) the aggregate outstanding principal amount of Indebtedness and other obligations secured by Liens 

permitted by this clause (g) plus (ii) the aggregate outstanding principal amount of Indebtedness of Subsidiaries permitted by Section 6.01(g) shall not exceed at any one time the greater of $700,000,000 and 12.5% of Consolidated Net Tangible Assets as of the most recent fiscal quarter end for which financial statements of the Borrower have been delivered pursuant to Section 5.01(a) or (b); and”; and
(ii)deleting the words “or Attributable Debt” from the proviso in clause (h).
(d)Section 6.03 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows:  “Section 6.03.  [Intentionally Omitted.]” and in connection therewith the table of contents shall be amended to include a reference to “Section 6.03.  [Intentionally Omitted.]”
SECTION 1.03.  Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and to each of the Lenders, as of the First Amendment Execution Date, that:
(a)    The execution and delivery by the Borrower of this Amendment and the performance of its obligations under the Credit Agreement, as amended hereby, have been duly authorized by all necessary corporate and, if required, stockholder action. This Amendment has been duly executed and delivered by the Borrower and this Amendment and the Credit Agreement, as amended by this Amendment, constitute legal, valid and binding obligations of the Borrower, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b)    The representations and warranties of the Borrower set forth in the Credit Agreement are true and correct on and as of the First Amendment Execution Date.
(c)    On and as of the First Amendment Execution Date, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
SECTION 1.04.   Amendment Effectiveness. The Amendment shall become effective as of February 1, 2019, on the first date (the “First Amendment Execution Date”) on which the Administrative Agent (or its counsel) shall have received from (a) the Borrower, (b) Lenders that constitute at least the Required Lenders, and (c) the Administrative Agent, either (x) counterparts of this Amendment (which may include telecopy, portable document format or other electronic transmission of a signed signature page of this Amendment) signed on behalf of such party or (y) written evidence satisfactory to the Administrative Agent that such party has signed a counterpart of this Amendment.
The Administrative Agent shall notify the Borrower and the Lenders of the First Amendment Execution Date and such notice shall be conclusive and binding.

ARTICLE II.
Miscellaneous
SECTION 2.01.    Effect of Amendment. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Loan Documents, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Loan Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrower 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 Loan Documents in similar or different circumstances.
(b)    On and after the First Amendment Execution Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed to be a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
SECTION 2.02.  Applicable Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. The provisions 

of Section 9.09 and Section 9.10 of the Credit Agreement shall apply to this Amendment to the same extent as if fully set forth herein.
SECTION 2.03.       Fees and Expenses. Without limiting the Borrower’s obligations under the Credit Agreement, the Borrower agrees to reimburse the Administrative Processing Agent for its reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of counsel (such fees, charges and disbursements not to include allocated costs of internal counsel) for the Administrative Processing Agent; provided, however, that only one outside counsel may act on behalf of the Administrative Processing Agent in connection with the preparation of this Amendment.
SECTION 2.04.     Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which, when taken together, shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic imaging shall be as effective as delivery of a manually executed counterpart of this Amendment.
SECTION 2.05.      Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

[Remainder of page intentionally left blank.]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their officers as of the date first above written.
HP INC.,
by
______________________________
Name:    Zac J. Nesper
Title:    Treasurer
CITIBANK, N.A., individually and as Administrative Processing Agent and Co­ Administrative Agent,
by
______________________________
Name:
Title:

JPMORGAN CHASE BANK, N.A.,
individually and as Co-Administrative Agent,
by
______________________________
Name:
Title:

[LENDER],
by
______________________________
Name:
Title:
[by
______________________________
Name:
Title:]
*for Lenders requiring a second signature blockExhibit

Exhibit 10(k)(k)(k)

GRANT AGREEMENT

	
		
	Director Name:
	 

	 
	 

	Grant Date:
	 

	 
	 

	Grant Number:
	 

	 
	 

	Award Amount:
	 

	 
	 

	Award Type:
	Restricted Stock Units

	 
	 

	Plan:
	Second Amended and Restated HP Inc. 2004 Stock Incentive Plan 

	 
	 

	Vesting Schedule:
	100% on the Grant Date

Restricted Stock Units

THIS GRANT AGREEMENT, as of the Grant Date set forth above between HP Inc., a Delaware corporation (the “Company”), and the Director named above, is entered into as follows:

WHEREAS, the Company has established the Second Amended and Restated HP Inc. 2004 Stock Incentive Plan (the “Plan”), a copy of which has been made available to the Director and is made part hereof, and unless otherwise defined in this Grant Agreement, any capitalized terms in this Grant Agreement shall have the meanings ascribed to them in the Plan; and

WHEREAS, the Director has filed an election in accordance with the terms of his/her service on the Company’s Board of Directors to be granted a Restricted Stock Unit (“RSU”) Award under the Plan as hereinafter set forth below;

WHEREAS, each RSU is equal in value to one share of Company common stock ("Share") subject to the restrictions set forth below;

NOW THEREFORE, the parties hereby agree that in consideration of services rendered and to be rendered, the Company grants the Director the number of RSUs set forth above upon the terms and conditions set forth herein.

		
	1.
	Vesting Schedule.

Except as provided in Section 9 below, the interest of the Director in the RSUs shall vest in full upon the Grant Date.

		
	2.
	Benefit Upon Vesting.

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Upon the vesting of the RSUs, the Director (or the Director’s estate or designated beneficiary in the event of Section 9) shall be entitled to receive, as soon as administratively practicable, after the vesting date, but in any event within 75 days, Shares equal to:
		
	(a) 
	the number of RSUs that have vested, and 

		
	(b)
	a dividend equivalent payment in Shares determined by multiplying (1) the number of vested RSUs by the dividend per Share on each dividend payment date between the Grant Date and the date when Shares are delivered to the Director to determine the dividend equivalent amount for each dividend payment date; and (2) dividing the amount determined in (1) by the Fair Market Value of a Share on such dividend payment date to determine the number of additional Shares to be delivered to the Director; provided, however, that if any aggregated dividend equivalents would result in a payment of a fractional Share, such fractional Share shall be rounded up to the next whole Share.

Notwithstanding the foregoing to the contrary, in the event the Director has made a valid deferral election in accordance with Section 3, Shares will not be delivered at vesting but will instead be delivered in accordance with the provisions of the applicable deferral election and Section 3.

		
	3.
	Deferral Election. 

The Director may elect to defer delivery of the Shares that are otherwise due to the Director upon vesting by completing a prescribed deferral election form and returning it to the Company according to the instructions on the deferral election form. The deferral election form will be distributed separately. If made, the deferral election is irrevocable by the Director. The Director shall generally receive his or her Shares in accordance with the distribution election made in the deferral election form; however, notwithstanding anything in this Grant Agreement or deferral election form to the contrary, in the event the Director is a "specified employee" as determined pursuant to Section 409A, at the time that the Director receives a payment in connection with the Director’s “separation from service” as determined pursuant to Section 409A (other than for death), the payment shall instead be made on the earlier of the first U.S. business day after the date that is (i) six months following the Director’s separation from service as determined pursuant to Section 409A or (ii) the date of the Director’s death to the extent such delayed payment is otherwise required to avoid a prohibited distribution under Section 409A.

		
	4.
	Taxes. 

Regardless of any action the Company takes with respect to any or all income tax (including federal, state and local taxes), social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the Director acknowledges that the ultimate liability for all Tax-Related Items legally due by the Director is and remains the Director's responsibility and that the Company (i) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSUs, including the grant of the RSUs, the vesting of the RSUs, the conversion of the RSUs into Shares, the subsequent sale of any Shares acquired at vesting, the receipt of any dividends, or the sufficiency of any payments made for or by the Director to satisfy the Tax-Related Items; and (ii) does not commit to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate the Director’s liability for Tax-Related Items. 

		
	5.
	Restrictions on Issuance. 

No Shares will be issued in connection with the RSU if the issuance of such Shares would constitute a violation of any Applicable Laws. 

		
	6.
	Transferability of Award. 

The RSUs may not be transferred, pledged, sold, assigned, alienated or otherwise encumbered by the Director in any manner other than by will or by the laws of descent and distribution. Any such purported transfer, pledge, sale, assignment, alienation or encumbrance will be void and unenforceable against the Company. The terms of this Grant Agreement shall be binding upon the executors, administrators, heirs and successors of the Director. 

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	7.
	Custody of Restricted Stock Units.

The RSUs subject hereto shall be held in a book entry account in the name of the Director. Upon vesting of the RSUs, the Shares shall be released into the Director’s account.

		
	8.
	No Stockholder Rights.

RSUs represent hypothetical Shares. Until the Shares are issued and the Director becomes a holder of record of the Shares, the Director shall not be entitled to any of the rights or benefits generally accorded to stockholders until the Shares are issued to the Director and the Director becomes a holder of record of the Shares.

		
	9.
	Section 409A.

Payments made pursuant to this Plan and this Grant Agreement are intended to comply with or qualify for an exemption from Section 409A. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Grant Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, including any amendments or actions that would result in the reduction of benefits payable under this Grant Agreement, as the Company determines are necessary or appropriate to ensure that all RSUs are made in a manner that qualifies for an exemption from, or complies with, Section 409A or mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A, provided however, that the Company makes no representations that the RSUs will be exempt from any penalties that may apply under Section 409A and makes no undertaking to preclude Section 409A from applying to this RSU.  For the avoidance of doubt, the Director hereby acknowledges and agrees that the Company will have no liability to the Director or any other party if any amounts payable under this Grant Agreement are not exempt from, or compliant with, Section 409A, or for any action taken by the Company with respect thereto.  

		
	10.
	Governing Law. 

This Grant Agreement is governed by the laws of the state of Delaware without regard to its conflict of law provisions.

		
	11.
	Integration.

The Plan is incorporated herein by reference. The Plan and this Grant Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Director with respect to the subject matter hereof.

		
	12.
	Plan Information.

The Director agrees to receive information, including copies of any annual report, proxy and Form 10-K, from the investor relations section of the Company's website at www.hp.com. The Director acknowledges that copies of the Plan, Plan prospectus, Plan information and stockholder information are available upon written or telephonic request to the Company Secretary (or his or her delegate). 

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IN WITNESS WHEREOF, the parties have executed this Grant Agreement in duplicate the day and year first above written.

HP INC.

By  ________________________
Dion Weisler
CEO and President

                                          By  ________________________
Tracy Keogh
Chief Human Resources Officer

Signed  ___________________________

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