Document:

EX-10.2

 Exhibit 10.2 

FIRST AMENDMENT TO THE CREDIT AGREEMENT 
 FIRST
AMENDMENT (this “Amendment”), dated as of September 9, 2014, to the Credit Agreement dated as of May 27, 2014 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among Signet Group Limited, Signet Group Treasury Services Inc. and Sterling Jewelers Inc. (collectively, the “Borrowers”), Signet Jewelers Limited (the “Parent”), the several banks and other
financial institutions or entities from time to time party thereto (the “Lenders”), JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), and the other agents party
thereto. 
 W I T N E S S E T H : 

WHEREAS, the parties hereto are parties to the Credit Agreement; 

WHEREAS, the Borrowers have requested that the Lenders agree to make certain amendments to the Credit Agreement as set forth herein; and 

WHEREAS, the Required Lenders are willing to agree to such amendments and other matters, subject to the terms and conditions set forth herein.

 NOW, THEREFORE, in consideration of the premises herein contained and for other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1.    DEFINITIONS. 

1.1 Unless otherwise defined herein, capitalized terms which are defined in the Credit Agreement are used herein as therein defined. 

SECTION 2.    AMENDMENTS. 

2.1 The definitions of “Consolidated EBITDA” and “Consolidated Net Interest Expense” in Section 1.01 of the Credit
Agreement are hereby amended by replacing such definitions in their entirety with the following definitions: 
 (a) “Consolidated
EBITDA” means, in respect of any Relevant Period, Consolidated Net Income plus, to the extent included in determining Consolidated Net Income, (i) interest expense (including, without limitation, interest expense under Capital Lease
Obligations that is treated as interest in accordance with GAAP) for such Relevant Period (including, without limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers acceptance financing
and net costs under interest rate Swap Agreements, the amortization of any debt financing and/or receivables financing fees, costs and expenses (or fees, costs and expenses of any amendment related thereto) and the amount of all fees, costs and
expenses which have been incurred and/or paid by a member of the Group in relation to the execution and delivery of, or any amendment to, the Existing Credit Agreement, this Agreement, the Loan Documents or documentation in connection with any other
debt financing and/or receivables financing, (ii) income tax expenses (benefits), (iii) depreciation and (iv) amortization, all calculated for the Group in accordance with GAAP on a consolidated basis; provided that, for the avoidance
of doubt, Consolidated EBITDA shall exclude any material profits or losses recognized that result from the sale of a long-lived asset or a disposal group regardless of whether such a sale qualifies as a discontinued operation under FASB ASC 205-20,
the costs associated with exit activities (as defined under FASB ASC 420-10 “Exit or Disposal Cost Obligations”), material infrequently occurring items and extraordinary items (in the case of extraordinary items as defined in FASB ASC
225-20 “Extraordinary and Unusual Items”) for such Relevant Period and as identified on the Compliance Certificate. For the purposes of calculating Consolidated EBITDA for any Relevant Period pursuant to any determination of the Leverage
Ratio, (i) if at any time during such Relevant 

  
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Period any member of the Group shall have made any Material Disposition, the Consolidated EBITDA for such Relevant Period shall be reduced by an amount equal to the Consolidated EBITDA (if
positive) attributable to the property that is the subject of such Material Disposition for such Relevant Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Relevant Period and (ii) if
during such Relevant Period any member of the Group shall have made a Material Acquisition, Consolidated EBITDA for such Relevant Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first
day of such Relevant Period. As used in this definition, “Material Acquisition” means any acquisition of property or series of related acquisitions of property that (a) constitutes assets comprising all or substantially all of an
operating unit of a business or constitutes all or substantially all of the common stock of a Person and (b) involves the payment of consideration by members of the Group in excess of $50,000,000; and “Material Disposition” means any
Disposition of property or series of related Dispositions of property that yields gross proceeds to members of the Group in excess of $50,000,000. 

(b) “Consolidated Net Interest Expense” means, in respect of any Relevant Period, the interest expense required to be paid in
cash or accrued (including without limitation interest expense under Capital Lease Obligations that is treated as interest in accordance with GAAP) of the Group calculated on a consolidated basis for such Relevant Period (including, without
limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers acceptance financing and net costs under interest rate Swap Agreements to the extent such net costs are allocable to such Relevant
Period) in accordance with GAAP, minus the amount of any interest income received in cash or accrued by the Group in or in respect of such Relevant Period (including, without limitation, any periodic commission, fees, discounts and other finance
payments receivable by the Group under any interest rate and/or currency hedging agreements or instruments). 
 SECTION
3.    CONDITIONS PRECEDENT. This Amendment shall become effective on the date (the “Effective Date”) on which all of the following conditions have been satisfied or waived: 

(a)     Execution and Delivery. The Administrative Agent shall have received counterparts of this
Amendment duly executed by (i) the Borrowers and (ii) the Required Lenders. 
 (b)     No
Default. Both prior to and after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing on the Effective Date. 

(c)     Representations and Warranties. As of the Effective Date (both prior to and after giving
effect to this Amendment) all representations and warranties contained in Section 4 shall be true and correct in all material respects. 
 For the
purpose of determining compliance with the conditions specified in this Section 3, each Lender that has signed this Amendment shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this
Section 3. 
 SECTION 4.    REPRESENTATIONS AND WARRANTIES. In order to induce the Required Lenders to enter
into this Amendment, each Borrower hereby represents and warrants to the Required Lenders that (a) this Amendment has been duly authorized by all necessary organizational actions and, if required, actions by equity holders of such Borrower and
(b) this Amendment has been duly executed and delivered by such Borrower and constitutes a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or 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. 

SECTION 5.    CONTINUING EFFECT. Except as expressly amended, waived or modified hereby, the Loan Documents shall
continue to be and shall remain in full force and effect in accordance with their respective 

  
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terms. This Amendment shall not constitute an amendment, waiver or modification of any provision of any Loan Document not expressly referred to herein and shall not be construed as an amendment,
waiver or modification of any action on the part of the Borrowers or the other Loan Parties that would require an amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated herein, or be construed to indicate
the willingness of the Administrative Agent or the Lenders to further amend, waive or modify any provision of any Loan Document amended, waived or modified hereby for any other period, circumstance or event. Except as expressly modified by this
Amendment, the Credit Agreement and the other Loan Documents are ratified and confirmed and are, and shall continue to be, in full force and effect in accordance with their respective terms. Except as expressly set forth herein, each Lender and the
Administrative Agent reserves all of its rights, remedies, powers and privileges under the Credit Agreement, the other Loan Documents, applicable law and/or equity. Any reference to the “Credit Agreement” in any Loan Document or any
related documents shall be deemed to be a reference to the Credit Agreement as amended by this Amendment and the term “Loan Documents” in the Credit Agreement and the other Loan Documents shall include this Amendment. 

SECTION 6.    GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
 SECTION 7.    SUCCESSORS AND ASSIGNS. This Amendment shall be binding upon and inure to the benefit of
the Borrowers, the other Loan Parties, the Administrative Agent, the other Agents and the Lenders, and each of their respective successors and assigns, and shall not inure to the benefit of any third parties. The execution and delivery of this
Amendment by any Lender prior to the Effective Date shall be binding upon its successors and assigns and shall be effective as to any Loans or Commitments assigned to it after such execution and delivery. 

SECTION 8.    ENTIRE AGREEMENT. This Amendment, the Credit Agreement and the other Loan Documents represent the
entire agreement of the Loan Parties, the Administrative Agent, the Agents, the Lenders and the Lenders, as applicable, with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by
the Administrative Agent, any other Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Credit Agreement or the other Loan Documents. 

SECTION 9.    LOAN DOCUMENT. This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall
(unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions of the Credit Agreement. 

SECTION 10.    COUNTERPARTS. This Amendment may be executed by the parties hereto in any number of separate
counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. An executed signature page of this Amendment may be delivered by facsimile transmission or electronic PDF of the relevant signature
page hereof. 
 SECTION 11.    HEADINGS. Section headings used in this Amendment are for convenience of reference
only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. 

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

			
	SIGNET GROUP LIMITED,
	as a Borrower
		
	By:	 	 /s/ Mark Jenkins

		 	Name: Mark Jenkins
		 	Title: Director
	
	 SIGNET GROUP TREASURY SERVICES INC.,

as a Borrower

		
	By:	 	 /s/ Mark Jenkins

		 	Name: Mark Jenkins
		 	Title: Vice President and Secretary
	
	 STERLING JEWELERS INC.,
 as a
Borrower

		
	By:	 	 /s/ George S. Frankovich

		 	Name: George S. Frankovich
		 	Title: Vice President and Secretary

  
 [Signature Page to First
Amendment] 

 
			
	JPMORGAN CHASE BANK, N.A., as
	Administrative Agent and Lender
		
	By:	 	 /s/ Brendan Korb

		 	Name: Brendan Korb
		 	Title: Vice President

  
 [Signature Page to First
Amendment] 

 
			
	FIFTH THIRD BANK,
	as a Lender
		
	By:	 	 /s/ Martin H. Mc Ginty

		 	Name: Martin H. Mc Ginty
		 	Title: Vice President

  
 [Signature Page to First
Amendment] 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Valerie A. Geiger

		 	Name: Valerie A. Geiger
		 	Title: Senior Vice President

  
 [Signature Page to First
Amendment] 

 
			
	Citizens Bank, N.A.,
	as a Lender
		
	By:	 	 /s/ Joshua Botnick

		 	Name: Joshua Botnick
		 	Title: Vice President

  
 [Signature Page to First
Amendment] 

 
			
	HSBC BANK USA, N.A.,
	as a Lender
		
	By:	 	 /s/ Paul M. Angland

		 	Name: Paul M. Angland
		 	Title: Vice President

  
 [Signature Page to First
Amendment] 

 
			
	ABN AMRO CAPITAL USA, LLC,
	as a Lender
		
	By:	 	 /s/ Michael Mondazzi

		 	Name: Michael Mondazzi
		 	Title: Vice President
		
	By:	 	 /s/ R. Bisscheroux

		 	Name: R. Bisscheroux
		 	Title: Director

  
 [Signature Page to First
Amendment] 

 
			
	BARCLAYS BANK PLC,
	as a Lender
		
	By:	 	 /s/ Aarti Rao

		 	Name: Aarti Rao
		 	Title: Director

  
 [Signature Page to First
Amendment] 

 
			
	STANDARD CHARTERED BANK,
	as a Lender
		
	By:	 	 /s/ Felipe Macia

		 	Name: Felipe Macia
		 	Title: Managing Director Syndications, Americas
		
	By:	 	 /s/ Hsing H. Huang

		 	Name: Hsing H. Huang
		 	Title: Associate Director

  
 [Signature Page to First
Amendment] 

 
			
	U.S. BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Mark D. Rodgers

		 	Name: Mark D. Rodgers
		 	Title: Vice President

  
 [Signature Page to First
Amendment] 

 
			
	WELLS FARGO BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Beth Rue

		 	Name: Beth Rue
		 	Title: Director

  
 [Signature Page to First
Amendment]Exhibit 10.1

 

SETTLEMENT AGREEMENT

 

Dated: 5 September 2014

 

Parties:

 

1                           NZX Limited (“NZX”)

 

2                           Diligent Board Member Services, Incorporated (“DIL”)

 

BACKGROUND

 

A.                      On 14 August 2014, NZX served a Statement of Case on DIL alleging breaches of NZX Main Board Listing Rules (“Rule”) 10.3.1(b), 10.4.1 and 10.4.2.

 

B.                      The parties now wish to settle the matter on the terms set out in this Settlement Agreement.

 

C.                      DIL accepts that it has breached Rules 10.3.1(b), 10.4.1 and 10.4.2 as set out in the Statement of Case dated 14 August 2014.

 

D.                      DIL accepts the penalties as set out below.

 

E.                       This Settlement Agreement is conditional on the NZ Markets Disciplinary Tribunal (“Tribunal”) approving the terms of settlement.

 

AGREEMENT

 

1.                        It is a condition precedent to this agreement that it is approved by the Tribunal in accordance with Rule 10 of the NZ Markets Disciplinary Tribunal Rules.

 

2.                        DIL admits it breached Rules 10.3.1(b), 10.4.1 and 10.4.2 as described in the Statement of Case dated 14 August 2014.

 

3.                        A public censure of DIL will be made by the Tribunal in the form set out in Appendix 1.

 

4.                        DIL will pay the NZX Discipline Fund $100,000 (including GST, if any) in respect of the breaches of Rules 10.3.1(b), 10.4.1 and 10.4.2.

 

5.                        DIL will pay the costs of the Tribunal (plus GST, if any).

 

6.                        DIL will contribute to the costs of NZXR up to $3,840 (plus GST, if any).

 

7.                        NZX will send DIL a tax invoice for all amounts owing under paragraphs 4 to 6 above within 30 days of the terms of this settlement being approved by the Tribunal.

 

 

8.                                      The performance of these terms of agreement is in full and final settlement of the matters set out in and arising from NZX’s Statement of Case dated 14 August 2014.

 

 

EXECUTION

 

For and on behalf of NZX Limited

 

 

	
/s/   Hamish Macdonald
    	
 
    
	
Hamish   Macdonald
    	
 
    
	
Senior   Counsel
    	
 
    

 

 

For and on behalf of Diligent Board Member Services, Incorporated

 

 

	
/s/   Alessandro Sodi
    	
 
    
	
Authorised   Signatory
    	
 
    

 

 

APROVAL

 

This Settlement Agreement is hereby approved in accordance with Rule 10 of the NZ Markets Disciplinary Tribunal Rules

 

 

	
/s/   Donald Leslie Holborow
    	
 
    
	
Authorised   Signatory
    	
 
    
	
For   and on behalf of the
    	
 
    
	
NZ Markets Disciplinary Tribunal
    	
 
    
	
Donald   Leslie Holborow
    	
 
    
	
Division Chairman
    	
 
    

 

2

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