Document:

Exhibit

AMENDMENT NO. 2 
TO
JUNE 29, 2011 AGREEMENT

    

This Amendment (“Amendment”) dated as of October 29, 2014, is made by and between Schnitzer Steel Industries, Inc. (the “Company”) and John D. Carter, Chairman of the Company’s Board of Directors (“Chairman”).
WHEREAS, the Company and Chairman are parties to an amended and restated agreement dated June 29, 2011 (“Agreement”); and
WHEREAS, the Company and Chairman agreed to terminate Chairman’s employment due to Chairman’s retirement December 28, 2012, through Amendment No. 1 (executed November 6, 2012) to the Agreement; and
WHEREAS, under Amendment No. 1 of the Agreement, the term for Chairman’s services and fee for those services expires December 31, 2014;
WHEREAS, the Company and Chairman desire to further amend and extend the Agreement for Chairman’s Services;
NOW, THEREFORE, in consideration of the promises and mutual agreements here contained, the Company and Chairman hereby agree as follows:
		
	1.
	The Agreement shall now be entitled “Agreement for Services.” 

		
	2.
	Amendment to Section 7(e). Section 7(e), subsection (iii) of the Agreement for Services shall be amended to read as follows:

“(iii) The Chairman’s current Agreement continues through December 31, 2014; the current fee due under the existing Agreement shall be prorated for the December partial Quarter. From January 1, 2015, through December 31, 2017, (the “Service Period”), Chairman shall continue to serve as the non-executive Chairman of the Company’s Board of Directors (the “Board”). During the Service Period, Chairman shall receive an annual calendar year fee of $300,000, payable in arrears in quarterly installments based on the Company’s fiscal quarters and prorated for the Company’s second quarter of fiscal 2015. If Chairman ceases to serve in the capacity of non-executive Chairman of the Board for any reason, such annual fee will be pro-rated for the number of days served by Chairman during the applicable calendar quarter. In addition, for so long as Chairman serves in such position, Chairman shall be entitled to access to an office in the Company’s Portland, Oregon headquarters and appropriate administrative assistant support, as well as comparable communications and information technology access and support as in effect for Chairman as of December 31, 2014. The Company and Chairman agree that the annual fee shall be the sole remuneration received by the Chairman for his services to the Board and Company during the Service Period.”
		
	3. 
	Counterparts. This Amendment may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

4.    Ratification. All provisions of the Agreement remain unchanged and are hereby ratified by the Company and Chairman.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first set forth above. 
	
				
	SCHNITZER STEEL INDUSTRIES, INC.
	 
	CHAIRMAN

	 
	 
	 
	 

	By:
	/s/ Judith Johansen
	 
	/s/ John D. Carter

	 
	Judith Johansen
	 
	John D. Carter

	 
	Chair of the Compensation CommitteeExhibit

    
EXHIBIT 10.1

CONSENT TO COMMITMENT INCREASE 
Dated as of September 27, 2017
JPMorgan Chase Bank, N.A.,
    as Administrative Agent
500 Stanton Christiana Road, Ops 2, 3rd Floor
Newark, Delaware  19713
Attention:      Loan and Agency Services Group
Whirlpool Corporation
Ladies and Gentlemen:
Reference is made to the Third Amended and Restated Long-Term Credit Agreement dated as of May 17, 2016 (as amended or modified from time to time, the “Credit Agreement”) among Whirlpool Corporation, a Delaware corporation, Whirlpool Europe B.V., a Netherlands corporation, Whirlpool Finance B.V., a Netherlands corporation, Whirlpool Canada Holding Co., a Nova Scotia unlimited company, the Lenders (as defined in the Credit Agreement) and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (the “Administrative Agent”).  Terms defined in the Credit Agreement are used herein with the same meaning unless otherwise defined herein, and all references to Sections herein are references to Sections of the Credit Agreement.
Pursuant to Section 2.03(c)(iii), of the Credit Agreement, Whirlpool delivered to the Administrative Agent on September 8, 2017 a request that the aggregate amount of the commitments be increased, and, subject to the terms and conditions of this Consent, Whirlpool and the Lenders party hereto hereby agree to increase the aggregate amount of the commitments to $3,000,000,000. 
Each Lender executing this Consent agrees to increase its Commitment to the amount so indicated on the attached Schedule I.  Each Issuing Bank executing this Consent hereby consents to the Commitments of the Lenders as indicated on the attached Schedule I.  This agreement to increase the Commitments is subject in all respects to the terms of the Credit Agreement and is irrevocable.
The increase of Commitments shall become effective as of the date first above written when, and only when, the Administrative Agent shall have received counterparts of this Consent executed by Whirlpool, each of the Lenders whose Commitment is increased and each Issuing Bank.  The increase of Commitments is further subject to the delivery to the Administrative Agent of (a) certified copies of resolutions of the Board of Directors of Whirlpool or the Finance Committee of such Board approving the Commitment increase and (b) a certificate of Whirlpool certifying that as of the date of this Consent (i) no Default or Unmatured Default shall have occurred and be continuing or shall result from the Commitment increase and (ii) all of the representations and warranties set forth in Article 6 of the Credit Agreement (except for (x) those contained in Sections 6.04, 6.05 and 6.07 and (y) those contained in Sections 6.06 and 6.12 solely as such representations and warranties relate to any Subsidiary acquired in connection with a Material Acquisition (including and Subsidiary of the target of such Material Acquisition) consummated within 30 days prior to the effective date of the Commitment increase shall be true and correct in all material respects.  This Consent is subject to the provisions of Section 9.03 of the Credit Agreement.
This Consent 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 but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Consent by facsimile or electronic communication (.pdf file) shall be effective as delivery of a manually executed counterpart of this Amendment.
This Consent shall be governed by, and construed in accordance with, the laws of the State of New York.
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.

WHIRLPOOL CORPORATION

By  /s/ MATTHEW NOCHOWITZ        
Name:  Matthew Nochowitz
Title:  Vice President of Tax and Treasurer

JPMORGAN CHASE BANK, N.A., Individually and
as Administrative Agent and Issuing Bank

By  /s/ ROBERT D. BRYANT      
Name: Robert D. Bryant
Title: Executive Director

Consent to the forgoing Consent:

____________________[, Individually and as Issuing Bank]
{Type or print name of Lender}

By         
Name:  
Title:  

SCHEDULE I 
COMMITMENTS

	
		
	Name of Bank
	Commitment

	JPMorgan Chase Bank, N.A.
	$232,000,000

	Citibank, N.A.
	$232,000,000

	BNP Paribas
	$232,000,000

	Mizuho Bank, Ltd.
	$232,000,000

	Wells Fargo Bank, National Association
	$232,000,000

	Bank of America, N.A.
	$140,000,000

	Deutsche Bank AG New York Branch
	$140,000,000

	Goldman Sachs Bank USA
	$140,000,000

	HSBC Bank USA, National Association
	$140,000,000

	ING Bank N.V., Dublin Branch
	$140,000,000

	Intesa Sanpaolo S.p.A. - New York Branch
	$140,000,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$140,000,000

	UniCredit Bank AG, New York Branch
	$140,000,000

	Banco Santander, S.A.
	$100,000,000

	Bank of China, Chicago Branch
	$100,000,000

	The Bank of Nova Scotia
	$100,000,000

	Bayerische Landesbank, New York Branch
	$60,000,000

	Credit Industriel et Commerical, New York Branch
	$60,000,000

	Credit Suisse (Schweiz) AG
	$60,000,000

	Itau Unibanco S.A. New York Branch
	$60,000,000

	Societe Generale
	$60,000,000

	The Northern Trust Company
	$60,000,000

	US Bank National Association
	$60,000,000

	Total of Commitments:
	$3,000,000,000Exhibit

EXHIBIT 10.2

REQUEST FOR EXTENSION

September 8, 2017

		
	To: 
	JPMorgan Chase Bank, N.A.

as administrative agent (the “Administrative Agent”)

		
	Re: 
	Third Amended and Restated Long Term Credit Agreement dated as of May 17, 2016 among Whirlpool Corporation, Whirlpool Europe B.V., Whirlpool Finance B.V., Whirlpool Canada Holding Co., the other borrowers from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent for such lenders, Citibank, N.A., as Syndication Agent, and BNP Paribas and Mizuho Bank, Ltd., as Documentation Agents (as amended, supplemented or otherwise modified from time to time through the date hereof, the “Credit Agreement”). 

1.    Capitalized terms used herein have the meanings assigned to them in the Credit Agreement.

2.    Pursuant to Section 2.13(a) of the Credit Agreement, the undersigned hereby requests that the Termination Date be extended by one year, to May 17, 2022.
    
3.    The undersigned hereby certifies that the following statements will be true on and as of the Extension Date and after giving effect to such extension:

(a)    the representations and warranties contained in Article 6 of the Credit Agreement are true and correct in all material respects (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date), except for (x) those contained in Sections 6.04, 6.05 and 6.07 of the Credit Agreement and (y) those contained in Sections 6.06 and 6.12 of the Credit Agreement solely as such representations and warranties relate to any Subsidiary acquired in connection with a Material Acquisition (including any Subsidiary of the target of such Material Acquisition) consummated within 30 days prior to such date.
(b)    No Default or Unmatured Default has occurred and is continuing.

WHIRLPOOL CORPORATION

By  /s/ MATTHEW NOCHOWITZ        
Name:  Matthew Nochowitz
Title:  Vice President of Tax and Treasurer

September 27, 2017
JPMorgan Chase Bank, N.A.,
    as Administrative Agent
500 Stanton Christiana Road, Ops 2, 3rd Floor
Newark, Delaware  19713
Attention:      Loan and Agency Services Group
Whirlpool Corporation
Ladies and Gentlemen:
Reference is made to the Third Amended and Restated Long-Term Credit Agreement dated as of May 17, 2016 (as amended or modified from time to time, the “Credit Agreement”) among Whirlpool Corporation, a Delaware corporation, Whirlpool Europe B.V., a Netherlands corporation, Whirlpool Finance B.V., a Netherland corporation, Whirlpool Canada Holding Co., a Nova Scotia unlimited company, the Lenders (as defined in the Credit Agreement) and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (the “Administrative Agent”).  Terms defined in the Credit Agreement are used herein with the same meaning unless otherwise defined herein, and all references to Sections herein are references to Sections of the Credit Agreement.
Pursuant to Section 2.13(b), the Lender named below hereby notifies the Administrative Agent as follows:
The Lender named below desires to extend the Termination Date with respect to its Commitment for a period of one year, expiring May 17, 2022.
By execution below, the Lender named below hereby agrees to waive the requirement that the Lenders are afforded 20 days after the Request Date to respond to the request to extend the Commitment Date.  
This notice and waiver is subject in all respects to the terms of the Credit Agreement, is irrevocable and shall be effective only if received by the Administrative Agent no later than September 27, 2017. 
Very truly yours,
[NAME OF LENDER]
By:___________________________                                            Name:
Title:

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