Document:

Exhibit 10.2

 

AMENDMENT NO. 2 TO
THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT AND SYNDICATED FACILITY AGREEMENT

 

AMENDMENT NO. 2 dated
as of December 19, 2019 (this “Amendment”), in respect of the Third Amended and Restated Credit Agreement and
Syndicated Facility Agreement dated as of June 25, 2019 (as amended by that certain Amendment No. 1 to the Third Amended and Restated
Credit Agreement and Syndicated Facility Agreement, dated as of December 13, 2019) and as may be further amended, restated, amended
and restated, modified or supplemented from time to time, the “Credit Agreement”), among Owens-Brockway Glass
Container Inc., a Delaware corporation, O-I Operations (Australia) Pty Limited, ABN 94 004 230 326, a limited liability company
incorporated under the laws of Australia, OI European Group B.V., a private company with limited liability organized under the
laws of the Netherlands with its registered offices (statutaire zetel) in Schiedam, the Netherlands and registered under
number 24291478, O-I Europe Sàrl, a Swiss Société à responsabilité limitée (limited
liability corporation), O-I Canada Corp., a Nova Scotia company, O-I Operations (NZ) Ltd., a limited liability company incorporated
under the laws of New Zealand, Glass International OISPV, S.A.P.I. de C.V., S.O.F.O.M., E.N.R., a sociedad anónima promotora
de inversión de capital variable, sociedad financiera de objeto múltiple, entidad no regulada, organized under
the laws of Mexico (each of the foregoing a “Borrower”), Owens-Illinois Group, Inc., a Delaware corporation
(the “Company”), Owens-Illinois General Inc., a Delaware corporation (“Borrowers’ Agent”),
the Lenders and Issuing Lenders from time to time party thereto, Deutsche Bank AG New York Branch, as Administrative Agent (“Administrative
Agent”) for the Lenders and Deutsche Bank AG New York Branch, as Collateral Agent.

 

WHEREAS, pursuant to
Section 12.1 of the Credit Agreement, the Borrowers, Borrowers’ Agent, Company, the Administrative Agent and the Lenders
party hereto desire to amend the Credit Agreement as set forth below;

 

NOW, THEREFORE, the parties hereto agree
as follows:

 

Section 1.        Defined
Terms; References. Unless otherwise specifically defined herein, each term used herein which is defined in the Credit Agreement
has the meaning assigned to such term in the Credit Agreement. Each reference to “hereof”, “hereunder”,
“herein” and “hereby” and each other similar reference and each reference to “this Agreement”
and each other similar reference contained in the Credit Agreement shall, after the Second Amendment Effective Date (as defined
below), refer to the Credit Agreement as amended hereby. This Amendment is a Loan Document.

 

Section 2.          Amendment
to Credit Agreement.

 

(a)               
Amendments to Section 9.1 (Total Leverage Ratio):

 

		i.	Effective as of the Second Amendment Effective Date, Section 9.1 of the Credit Agreement is hereby
amended by deleting such section in its entirety and inserting the following in lieu thereof:

 

9.1 Total
Leverage Ratio: Each Loan Party will not permit the Total Leverage Ratio as of the last day of any Fiscal Quarter (other than
a Trigger Quarter and the following three (3) succeeding Fiscal Quarters as provided below) to exceed the ratio set forth below
opposite the last day of such Fiscal Quarter.

 

     

     

    

 

	Fiscal Quarter Ending	   	Ratio
	 	 	 
	June 30, 2019 through (and including) March 31, 2021	 	5.00:1.00
	 	 	 
	June 30, 2021 and September 30, 2021	 	4.75:1.00
	 	 	 
	December 31, 2021 and thereafter	 	4.50:1.00

 

Notwithstanding
anything to the contrary contained herein, at Company’s election (which shall be evidenced by delivery of a written notice
by Borrowers’ Agent to Administrative Agent), if (x) in any Fiscal Quarter ending December 31, 2021 and thereafter, an Acquisition
or series of related Acquisitions, or (y) in any Test Period, any other Acquisitions, in each case of the foregoing clauses (x)
and (y), permitted by Section 8.3 with total consideration (including any Indebtedness assumed in connection therewith),
in excess of $250,000,000 for any such individual Acquisition or series of related Acquisitions, or in the aggregate for any other
Acquisitions in a Test Period, is consummated by Company or any of its Restricted Subsidiaries (the Fiscal Quarter in which any
such individual Acquisition or series of related Acquisitions is consummated, or the Fiscal Quarter in which any other Acquisition
occurs that results in the total consideration for all Acquisitions in a Test Period exceeding $250,000,000, a “Trigger
Quarter”), each Loan Party will not permit the Total Leverage Ratio for any Test Period to exceed 5.00:1.00 for such
Fiscal Quarter and for the next three (3) succeeding Fiscal Quarters; provided, further, that (a) following the occurrence of a
Trigger Quarter, no subsequent Trigger Quarter shall be deemed to have occurred or to exist for any reason unless the Total Leverage
Ratio is less than or equal to 4.50:1.00 as of the end of any Fiscal Quarter following the occurrence of such initial Trigger Quarter,
and (b) Company may not make an election pursuant to this paragraph unless at the time of such election the Total Leverage Ratio
is equal to or less than 4.50:1.00. For the avoidance of doubt, in no event shall the Fiscal Quarters ending June 30, 2019, through
(and including) September 30, 2021 be Trigger Quarters or be deemed to be Trigger Quarters for purposes of this Agreement (including,
without limitation, for purposes of Sections 8.3(xi) or 8.5(v)).

 

Section 3.        Representations
and Warranties. Each Loan Party party hereto hereby represents and warrants that, immediately prior to and immediately after
giving effect to this Amendment:

 

(a)       the
execution, delivery and performance by it of this Amendment does not (i) violate any provision of law applicable to it, the Organic
Documents of it, or any order, judgment or decree of any court or other agency of government binding on it, (ii) conflict with,
result in a material breach of or constitute (with due notice or lapse of time or both) a material default under any Contractual
Obligation of it, (iii) result in or require the creation or imposition of any Lien (other than Liens in favor of the Collateral
Agent) upon any of the properties or assets of it or (iv) require any approval of stockholders or any approval or consent of any
Person under any material Contractual Obligation of it, other than those approvals and consents which have been obtained; and

 

    2

     

    

 

(b)       it
has all requisite organizational power and authority to enter into this Amendment and the execution, delivery and performance by
it of this Amendment has been duly authorized by all necessary organizational action by it.  Each Loan Party party hereto
has duly executed and delivered this Amendment, and this Amendment and each other Loan Document to which it is a party constitutes
the legally valid and binding obligations of it, enforceable against it in accordance with their respective terms, except as enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability; and

 

(c)       each
of the representations and warranties set forth in the Credit Agreement and in the other Loan Documents is true and correct in
all material respects on and as of the Second Amendment Effective Date (both immediately before and after giving effect to this
Amendment) (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified
date shall be required to be true and correct in all material respects only as of such specified date and (y) any representation
or warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall
be true and correct in all respects on such date); and

 

(d)       no
Unmatured Event of Default and no Event of Default shall have occurred and be continuing.

 

Section 4.         Effectiveness.
This Amendment shall become effective on the date (the “Second Amendment Effective Date”) when each of the following
conditions shall have been satisfied or waived:

 

(a)       the
Administrative Agent shall have received from each Loan Party party hereto, the Administrative Agent and the Lenders constituting
the Requisite Lenders either (i) a counterpart of this Amendment signed on behalf of such party or (ii) written evidence satisfactory
to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Amendment)
that such party has signed a counterpart of this Amendment;

 

(b)       each
of the representations and warranties set forth in the Credit Agreement and in the other Loan Documents shall be true and correct
in all material respects on and as of the Second Amendment Effective Date (it being understood and agreed that (x) any representation
or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects
only as of such specified date and (y) any representation or warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects on such date);

 

(c)       at
the time of the Second Amendment Effective Date and immediately after giving effect to this Amendment, no Unmatured Event of Default
or Event of Default shall exist;

 

(d)       the
Administrative Agent shall have received an Officer’s Certificate of the Company, dated as of the Second Amendment Effective
Date, certifying compliance with the requirements set forth in preceding clauses (b) and (c) of this Section 4;

 

(e)       the
Administrative Agent shall have received (i) either (x) a copy of the certificate or articles of incorporation or equivalent
organizational document, including all amendments thereto, of each Loan Party party hereto, and in the case of Loan Parties
organized in the United States of America, certified as of a recent date by the Secretary of State of the state of its
organization or (y) confirmation from such Loan Party that there has been no change to such organizational documents since
last delivered to the Administrative Agent, (ii) a certificate of a Secretary or Responsible Officer of each Loan Party (or
any director or officer of any Loan Party that is not organized under the laws of any State of the United States of America
or the District of Columbia) party hereto dated the Second Amendment Effective Date and certifying (A) that (x) attached
thereto is a true and complete copy of the by-laws, operating agreement or similar governing document of such Loan Party as
in effect on the Second Amendment Effective Date and at all times since a date prior to the date of the resolutions described
in clause (B) below or (y) there has been no change or amendment to such governing documents since last delivered to the
Administrative Agent, (B) that (x) attached thereto is a true and complete copy of resolutions duly adopted by the Board of
Directors of such Loan Party authorizing the execution, delivery and performance of this Second Amendment and that such
resolutions have not been modified, rescinded or amended and are in full force and effect or (y) there has been no change to
such resolutions since last delivered to the Administrative Agent in connection with the Credit Agreement or First Amendment
and that such resolutions have not been modified, rescinded or amended and are in full force and effect and (C) to the extent
not previously delivered to the Administrative Agent in connection with the Credit Agreement, as to the incumbency and
specimen signature of each officer executing this Second Amendment or any other document delivered in connection herewith on
behalf of such Loan Party; and (iii) to the extent not previously delivered to the Administrative Agent in connection with
the Credit Agreement, a certificate of another officer as to the incumbency and specimen signature of the Secretary or
the Responsible Officer (or other director or officer, as applicable) executing the certificate pursuant to clause (ii)
above;

 

    3

     

    

 

(f)       the
Company shall have paid to the Administrative Agent, for the ratable account of each Lender that has executed and delivered to
the Administrative Agent a signature page to this Amendment prior to 5:00 p.m. (New York time) on December 18, 2019, a fee in an
amount equal to 0.05% of each such Lender’s outstanding Term Loans and/or Revolving Commitments immediately prior to giving
effect to this Amendment (the “Consent Fee”), which Consent Fee shall be earned, due and payable by wire transfer
in immediately available funds on the Second Amendment Effective Date, and, once paid, shall be non-refundable; and

 

(g)       all
reasonably incurred and documented costs, fees, expenses (including, without limitation, legal fees and expenses) and other compensation
payable to (i) the Administrative Agent pursuant to Section 12.4 of the Credit Agreement and (ii) to Wells Fargo Securities, LLC,
pursuant to that certain Engagement Letter dated as of December 3, 2019 by and among Wells Fargo Securities, LLC, the Company and
Owens-Brockway, in each case, on or before the Second Amendment Effective Date, to the extent invoiced at least three business
days prior to the Second Amendment Effective Date unless otherwise agreed, shall have been paid to the extent earned.

 

Section
5.         Confirmation of Guarantees and Security Interests. By signing
this Second Amendment, the Loan Parties party hereto hereby confirm that the obligations of the Loan Parties under the Credit
Agreement as modified or supplemented hereby and the other Loan Documents to which such Loan Parties are party (i) are
entitled to the benefits of the guarantees and the security interests set forth or created in the Guarantee Agreements, the
Collateral Documents and the other Loan Documents, as applicable, (ii) constitute “Obligations”, “U.S.
Obligations”, “Foreign Obligations” and “Guarantied Obligations” or other similar term for
purposes of the Credit Agreement, the Guarantee Agreements, the Collateral Documents and all other Loan Documents, as
applicable, (iii) notwithstanding the effectiveness of the terms hereof, the Guarantee Agreements, the Collateral Documents
and the other Loan Documents, as applicable, are, and shall continue to be, in full force and effect and are hereby ratified
and confirmed in all respects. Each Loan Party party hereto ratifies and confirms that all Liens granted, conveyed, or
assigned to the Administrative Agent or the Collateral Agent by such Person pursuant to any Loan Document to which it is a
party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of
the Obligations.

 

    4

     

    

 

Section 6.         Governing
Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Section 7.         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 signature
page to this Amendment by facsimile transmission or other electronic transmission shall be as effective as delivery of a manually
signed counterpart of this Amendment.

 

Section 8.          Miscellaneous.
This Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies
of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend
or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document, 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 any Loan Party 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 Credit Agreement or any other Loan Document in
similar or different circumstances.

 

[SIGNATURE PAGES FOLLOW]

 

    5

     

    

 

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

 

	 	OWENS-ILLINOIS GROUP, INC.
	 	 
	 	By:	 /s/ Anand Patel 
	 	 	Name:	Anand Patel
	 	 	Title:	 Treasurer
	 	 
	 	OWENS-BROCKWAY GLASS CONTAINER INC.
	 	 
	 	By:	/s/ Anand Patel
	 	 	Name:	 Anand Patel
	 	 	Title:	 Vice President and Treasurer
	 	 
	 	O-I CANADA CORP.
	 	 
	 	By:	/s/ Anand Patel
	 	 	Name:	 Anand Patel
	 	 	Title:	 Treasurer
	 	 
	 	OI EUROPEAN GROUP B.V.
	 	 
	 	By:	/s/ Anand Patel
	 	 	Name:	 Scott Gedris
	 	 	Title:	 Attorney-in-Fact
	 	 
	 	OWENS-ILLINOIS GENERAL INC.
	 	as Borrowers’ Agent
	 	 
	 	By:	/s/ Anand Patel
	 	 	Name:	 Anand Patel
	 	 	Title:	 Treasurer

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	O-I EUROPE SÀRL
	 	 
	 	By:	 /s/ Volker Tiemann
	 	 	Name:	 Volker Tiemann
	 	 	Title:	 General Counsel EU
	 	 
	 	By:	 /s/ Robert Gachot
	 	 	Name:	 Robert Gachot
	 	 	Title:	 CG Executive SWE

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	O-I OPERATIONS (AUSTRALIA) PTY LTD ACN 004 230 326
	 	 
	 	By:	 /s/ Timothy Connors
	 	 	Name:	 Timothy Connors
	 	 	Title:	 Director
	 	 
	 	O-I OPERATIONS (NZ) LTD.
	 	 
	 	By:	 /s/ Timothy Connors
	 	 	Name:	 Timothy Connors
	 	 	Title:	 Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	GLASS INTERNATIONAL OISPV, 

S.A.P.I. de C.V., S.O.F.O.M., E.N.R.
	 	 
	 	By:	 /s/ Rafael Eduardo Freire Ponce
	 	 	Name:	 Rafael Eduardo Freire Ponce
	 	 	Title:	 Attorney-in-Fact

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

AGENTS AND LENDERS:

 

	 	DEUTSCHE BANK AG NEW YORK BRANCH,
	 	as Administrative Agent, Collateral Agent
	 	 	 	 
	 	By:	/s/ Yumi Okabe
	 	 	Name:  	Yumi Okabe
	 	 	Title:	Vice President
	 	 	 	 
	 	By:	/s/ Maria Guinchard
	 	 	Name:  	Maria Guinchard

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

 

    

     

     

	 	WELLS FARGO BANK, NA,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Andrew Payne
	 	 	Name:  	Andrew Payne
	 	 	Title:	Managing Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

 

    

     

     

	 	Farm Credit Services of America, PCA,
	 	as Term Loan Lender 
	 	 	 	 
	 	By: 	/s/ Dustin Oswald
	 	 	Name:  	Dustin Oswald
	 	 	Title:	Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

    

     

     

	 	Farm Credit of New Mexico, FLCA,
	 	as a Voting Participant
	 	 
	 	By:	/s/ Mitch Selking
	 	 	Name:  	Mitch Selking
	 	 	Title: 	Director of Credit – Corporate Agribusiness Lending

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	CATHAY BANK,
	 	as USD Term Loan A Lender and USD Revolving Lender
	 	 
	 	By: 	/s/ Dean Kawai
	 	 	Name:  	Dean Kawai
	 	 	Title: 	Senior Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	FLUSHING BANK,
	 	as Term Loan Lender
	 	 	 	 
	 	By: 	/s/ Suzanne Zahn
	 	 	Name:  	Suzanne Zahn
	 	 	Title:	VP Sr. CRM

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	CRÉDIT INDUSTRIEL ÉT COMMERCIAL, NEW YORK BRANCH,
	 	as Revolving Lender
	 	 	 	 
	 	By: 	/s/ Garry Weiss
	 	 	Name:  	Garry Weiss
	 	 	Title:	Managing Director
	 	 	 	 
	 	By: 	/s/ Clifford Abramsky
	 	 	Name:  	Clifford Abramsky
	 	 	Title:	Managing Director

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

    

     

     

 

	 	CRÉDIT INDUSTRIEL ET COMMERCIAL, NEW YORK BRANCH,
	 	as Term Loan Lender
	 	 	 	 
	 	By: 	/s/ Garry Weiss
	 	 	Name:  	Garry Weiss
	 	 	Title:	Managing Director
	 	 	 	 
	 	By: 	/s/ Clifford Abramsky
	 	 	Name:  	Clifford Abramsky
	 	 	Title:	Managing Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

    

     

    

 

	 	HSBC Bank USA, N.A.,
	 	as Term Loan Lender, Revolving Lender
	 	 	 	 
	 	By: 	/s/ Peggy Yip
	 	 	Name:  	Peggy Yip
	 	 	Title:	Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

    

     

    

 

	 	TRI STATE CAPITAL BANK,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Ellen Frank
	 	 	Name:  	Ellen Frank
	 	 	Title:	Senior Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	BANK HAPOALIM B.M.,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Helen H. Gateson
	 	 	Name:  	Helen H. Gateson
	 	 	Title:	Vice President
	 	 	 	 
	 	By: 	/s/ Charles McLaughlin
	 	 	Name:  	Charles McLaughlin
	 	 	Title:	Senior Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	COMPEER FINANCIAL, FLCA,
	 	as a Voting President
	 	 
	 	By:  	/s/ Betty Janelle
	 	 	Name:   	Betty Janelle
	 	 	Title:	 Director, Capital Markets

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	AgCountry Farm Credit Services, FLCA,
	 	as a Voting Participant
	 	 
	 	By:	 /s/ Jamey Grafing
	 	 	Name:   	Jamey Grafing
	 	 	Title: 	Sr. Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	SIEMENS FINANCIAL SERVICES, INC.,
	 	as Term Loan Lender
	 	 	 	 
	 	By: 	/s/ Jared R. Malise
	 	 	Name:  	Jared R. Malise
	 	 	Title:	Duly Authorized Signatory
	 	 	 	 
	 	By: 	/s/ Brent Chase
	 	 	Name:  	Brent Chase
	 	 	Title:	Duly Authorized Signatory

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Citizens
    Bank, N.A.,
	 	as Term
    Loan Lender and Revolving Lender
	 	 
	 	By:	/s/ Jonathan Gleit
	 	 	Name:  	Jonathan Gleit
	 	 	Title: 	Senior Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

 

	 	Allied Irish Banks, plc,
	 	as Term Loan Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Roisin O’Connell
	 	 	Name:  	Roisin O’Connell
	 	 	Title:	Senior Vice President
	 	 	 	 
	 	By:	/s/ Alan O’Neill
	 	 	Name:	Alan O’Neill
	 	 	Title:	Senior Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

    

    

    

 

	 	CoBANK, ACB,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Marco Solis
	 	 	Name:  	Marco Solis
	 	 	Title:	Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	American AgCredit, FLCA,
	 	as a Voting President
	 	 
	 	By: 	/s/ Michael J. Balock 
	 	 	Name:   	Michael J. Balock
	 	 	Title: 	Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Gordon Yip
	 	 	Name:  	Gordon Yip
	 	 	Title:	Director
	 	 	 	 
	 	By: 	/s/ Francois Coussot
	 	 	Name:	Francois Coussot
	 	 	Title:	Managing Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	U.S.
    Bank National Association,
	 	as
    Term Loan Lender and Revolving Lender
	 	 
	 	By:	/s/
    Paul F. Johnson
	 	 	Name: 	Paul
    F. Johnson
	 	 	Title:
    	Vice
    President

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	BNP PARIBAS,
	 	as Term Loan and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Andrew W. Strait
	 	 	Name:  	Andrew W. Strait
	 	 	Title:	Managing Director
	 	 	 	 
	 	By: 	/s/ Melissa
    Dyki
	 	 	Name:  	Melissa Dyki
	 	 	Title:	Director

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	FIRST COMMERCIAL BANK, LTD., NEW YORK BRANCH,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Terry Y. G. Ju
	 	 	Name:  	Terry Y. G. Ju
	 	 	Title:	Senior Vice President & General Manager

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Bank of America, N.A.,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Jason Yakabu
	 	 	Name:  	Jason Yakabu
	 	 	Title:	Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	TD Bank,
    N.A.,
	 	as Term
    Loan Lender and Revolving Lender
	 	 
	 	By:	/s/
    Uk-Sun Kim
	 	 	Name: 	Uk-Sun Kim
	 	 	Title: 	Senior Vice President

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	UNICREDIT BANK AG, NEW YORK BRANCH,
	 	as Term Loan Lender
	 	 	 	 
	 	By: 	/s/ Arianna Raineri
	 	 	Name:  	Arianna Raineri
	 	 	Title:	Associate Director
	 	 	 	 
	 	By: 	/s/ Thomas Petz
	 	 	Name:  	Thomas Petz
	 	 	Title:	Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	JPMORGAN
    CHASE BANK N.A.,
	 	as
    Term Loan Lender and Revolving Lender
	 	 
	 	By:	/s/
    Christopher A. Salek
	 	 	Name:
     	Christopher
    A. Salek
	 	 	Title:	Vice
    President

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	JPMORGAN CHASE BANK, NA, NEW ZEALAND BRANCH,
	 	as Term Loan Lender
	 	 
	 	By: 	/s/ Warren Davis
	 	 	Name:  	Warren Davis
	 	 	Title: 	Managing Director

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	The Huntington National Bank,
	 	as Term Loan Lender
	 	 	 	 
	 	By: 	/s/ Ryan Benefiel
	 	 	Name:  	Ryan Benefiel
	 	 	Title:	Assistant Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Jamie Minieri
	 	 	Name:  	Jamie Minieri
	 	 	Title:	Authorized Signatory

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	GOLDMAN SACHS LENDING PARTNERS LLC,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Jamie Minieri 
	 	 	Name:  	Jamie Minieri
	 	 	Title:	Authorized Signatory

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Fifth Third Bank, National Association (formerly Fifth Third Bank),
	 	as Term Loan Lender and Revolving Lender
	 	 
	 	By: 	/s/ Mike Gifford
	 	 	Name:  	Mike Gifford
	 	 	Title: 	Director, Corporate Banking

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	The
    Bank of Nova Scotia,
	 	as
    Term Loan Lender, Revolving Lender
	 	 
	 	By:	/s/
    David Mahmood
	 	 	Name: 	David Mahmood
	 	 	Title:
    	Managing
    Director

 

[SECOND AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	The Bank of East Asia, Limited, New York Branch,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ James Hua
	 	 	Name:  	James Hua
	 	 	Title:	SVP
	 	 	 	 
	 	By:	/s/ Kitty Sin
	 	 	Name:	Kitty Sin
	 	 	Title:	SVP

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	WESTPAC BANKING CORPORATION,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	By: 	/s/ Stuart Brown
	 	 	Name:  	Stuart Brown
	 	 	Title:	Tier Two Attorney

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	BARCLAYS BANK PLC,
	 	as Revolving Lender
	 	 	 	 
	 	By: 	/s/ Sean Duggan
	 	 	Name:  	Sean Duggan
	 	 	Title:	Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	DEUTSCHE BANK AG NEW YORK BRANCH,
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Yumi Okabe
	 	 	Name:  	Yumi Okabe
	 	 	Title:	Vice President
	 	 	 	 
	 	By:	/s/ Maria Guinchard
	 	 	Name:	Maria Guinchard

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	COÖPERATIVE RABOBANK U.A., NEW YORK BRANCH,
	 	as Term Loan Lender and Revolving Lender
	 	 
	 	By: 	/s/ Shane Koonce 
	 	 	Name:   	Shane Koonce
	 	 	Title: 	Executive Director
	 	 
	 	By: 	/s/ William Binder
	 	 	Name:   	William Binder
	 	 	Title: 	Executive Director

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	FARM CREDIT BANK OF TEXAS,
	 	as a Voting President
	 	 
	 	By:	 /s/ Eric Estey 
	 	 	Name:  	 Eric Estey
	 	 	Title: 	Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	GreenStone Farm Credit Services, FLCA,
	 	as a Voting President
	 	 
	 	By:	/s/ Shane Prichard
	 	 	Name:  	Shane Prichard
	 	 	Title: 	VP of Capital Markets

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	AgChoice Farm Credit, ACA, on behalf of itself and its wholly-owned Subsidiaries, AgChoice Farm Credit, FLCA, and AgChoice Farm Credit, PCA, 
	 	as a Voting President
	 	 	 	 
	 	By: 	/s/ William Frailey
	 	 	Name:  	William Frailey
	 	 	Title:	Assistant Vice President

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

     

     

    

 

	 	INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD., NEW YORK BRANCH
	 	as Term Loan Lender and Revolving Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Brian Foley
	 	 	Name:  	Brian Foley
	 	 	Title:	Director
	 	 	 	 
	 	By:	/s/ Gang Duan
	 	 	Name:	Gang Duan
	 	 	Title:	Executive Director

 

[SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Intesa Sanpaolo S.p.A. – New York Branch,
	 	as Revolving Lender
	 	 	 	 
	 	By: 	/s/ Alessandro Toigo
	 	 	Name:  	Alessandro Toigo
	 	 	Title:	Head of Corporate Desk
	 	 	 	 
	 	By: 	/s/ William Denton
	 	 	Name:  	William Denton
	 	 	Title:	Global Relationship Manager

 

[SECOND AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT]de_Ex4_4

		
			Exhibit 4.4
		

		
			DESCRIPTION OF DEERE & COMPANY’S COMMON STOCK
		

		
			The following summary of terms of our common stock, par value $1.00 (the “Common Stock”) is based upon our amended and restated certificate of incorporation (the “Charter”) and amended and restated bylaws (the “Bylaws”) currently in effect under Delaware law. This summary is not complete and is subject to, and qualified in its entirety by reference to, the Charter and the Bylaws. For a complete description of the terms and provisions of the Common Stock, refer to the Charter, Bylaws, and form of common stock certificate, which are filed as exhibits to this Annual Report on Form 10-K. Throughout this exhibit, references to the “Company,” “we,” “our,” and “us” refer to Deere & Company. We encourage you to read these documents and the applicable portion of the Delaware General Corporation Law, as amended (the “DGCL”), carefully.
		

		
			Deere & Company’s authorized capital stock consists of (i) 1,200,000,000 shares of common stock, $1.00 par value per share, and (ii) 9,000,000 shares of preferred stock, $1.00 par value per share.  
		

		
			On November 30, 2019, we had 313,275,755 outstanding shares of common stock.
		

		
			No preferred stock had been issued as of November 30, 2019.
		

		
			Dividend, Voting and Liquidation Rights
		

		
			Subject to the rights of the holders of any outstanding shares of preferred stock, holders of our common stock are entitled to receive dividends when, as and if declared by our Board of Directors out of funds legally available therefor.
		

		
			Each holder of common stock is entitled to one vote for each share held on all matters voted upon by our stockholders, including the election of directors. The common stock does not have cumulative voting rights. Election of directors is decided by the holders of a majority of the shares entitled to vote and present in person or by proxy at a meeting for the election of directors. 
		

		
			In the event of our voluntary or involuntary liquidation, dissolution or winding up, after the payment or provision for payment of our debts and other liabilities and the preferential amounts to which holders of our preferred stock are entitled (if any shares of preferred stock are then outstanding), the holders of our common stock are entitled to share ratably in our remaining assets.
		

		
			Fully Paid and Nonassessable 
		

		
			The outstanding shares of our common stock are fully paid and non-assessable. 
		

		
			Preemptive or Other Rights
		

		
			Our common stock has no preemptive or conversion rights and there are no redemption or sinking fund provisions applicable to it.
		

		
			Proxy Access
		

		
			Our Bylaws contains “proxy access” which permits a stockholder, or a group of up to 20 stockholders, owning 3% or more of the Company’s outstanding common stock continuously for at least three years to nominate and include in the Company’s proxy materials director candidates constituting up to the greater of two individuals or 20% of the Board, provided that the stockholder(s) and the nominee(s) satisfy the requirements specified in the Bylaws.
		

		
			 
		

		
			

		 

		

			1

		

		

		
			Listing and Transfer Agent
		

		
			Our common stock is listed on the New York Stock Exchange (symbol “DE”). The transfer agent and registrar is The Bank of New York Mellon.
		

		
			Anti-Takeover Provisions 
		

		
			Delaware General Corporation Law Section 203.  We are subject to the provisions of Section 203 of the General Corporation Law of the State of Delaware (“Delaware Section 203”), the “business combination” statute. In general, the law prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless:
		

			
	
			
				 ·
			

			
	
			
			prior to that date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

			
	
			
				 ·
			

			
	
			
			upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced (excluding certain shares described in Delaware Section 203); or

			
	
			
				 ·
			

			
	
			
			on or subsequent to that date, the business combination is approved by the board of directors of the corporation and authorized at an annual or special meeting of stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock that is not owned by the “interested stockholder.”

		
			“Business combination” is defined to include mergers, asset sales and certain other transactions resulting in a financial benefit to a stockholder. An “interested stockholder” is defined generally as a person who, together with affiliates and associates, owns (or, within the prior three years, did own) 15% or more of a corporation’s voting stock. Our certificate of incorporation does not exclude us from the restrictions imposed under Delaware Section 203 and Delaware Section 203 could prohibit or delay the accomplishment of mergers or other takeover or change in control attempts with respect to us and, accordingly, may discourage attempts to acquire us.
		

		
			No Stockholder Action by Written Consent.  No stockholder action required to be taken or which may be taken at any annual or special meeting of stockholders of the Company may be taken without a meeting, and the power of stockholders to consent in writing without a meeting to the taking of any action is specifically denied.
		

		
			Advance Notice for Stockholder Proposals.  Company stockholders wishing to nominate a director or propose other action at an annual meeting must give advance written notice of such nomination or proposal not less than 90 days nor more than 120 days prior to such annual meeting.  Shareholders utilizing “proxy access” must meet separate deadlines.
		

		
			Special Meetings.  Special meetings of the stockholders may be called only by (i) the Chairman, (ii) the Chief Executive Officer or (iii) resolution of the Board. 
		

		
			Liability of Directors and Officers
		

		
			The Charter provides that no director shall be personally liable to the Company or its stockholders for monetary damages for any breach of fiduciary duty by such director as a director. Notwithstanding the foregoing sentence, a director shall be liable to the extent provided by applicable law (i) for breach of the director's duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the 

		 

		

			2

		

DGCL or (iv) for any transaction from which the director derived an improper personal benefit. No amendment to or repeal of this provision in the Charter will apply to or have any effect on the liability or alleged liability of any director of the Company for or with respect to any acts or omissions of such director occurring prior to such amendment.
		

		
			The Charter provides that each person who is or was a director or officer of the Company, and each person who serves or served at the request of the Company as a director or officer (or equivalent) of another enterprise, shall be indemnified by the Company to the fullest extent authorized by the DGCL as it may be in effect from time to time, except as to any action, suit or proceeding brought by or on behalf of a director or officer without prior approval of the board of directors.
		

		 

		

			3

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