SEC Contract Filing

Filing Date: 2021-01-29

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d35474dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">FIRST AMENDMENT
dated as of January&nbsp;26, 2021 (this &#147;<U>Amendment</U>&#148;), among KELLOGG COMPANY, a Delaware corporation (the &#147;<U>Company</U>&#148;), the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity,
the &#147;<U>Administrative Agent</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, reference is made to the Five-Year Credit Agreement dated as of January&nbsp;30,
2018 (the &#147;<U>Five-Year Credit Agreement</U>&#148;), among the Company, the Borrowing Subsidiaries party thereto, the Lenders party thereto and the Administrative Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Lenders have agreed to extend credit to the Company and the Borrowing Subsidiaries under the Five-Year Credit Agreement on the
terms and subject to the conditions set forth therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has requested that the Five-Year Credit Agreement be amended
as set forth herein, and the Lenders party hereto, constituting the Required Lenders under the Five-Year Credit Agreement as of the Amendment Effective Date (as defined below), and the Administrative Agent are willing to so amend the Five-Year
Credit Agreement on the terms and subject to the conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">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: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Defined Terms</U>. Capitalized terms used but not otherwise defined herein (including in the recitals hereto) have the meanings
assigned to them in the Five-Year Credit Agreement, as amended hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendment of the Five-Year Credit Agreement</U>.
Effective as of the Amendment Effective Date: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) the Five-Year Credit Agreement (excluding the Exhibits and Schedules
thereto, which shall, except as provided below in this Section, remain as in effect immediately prior to the Amendment Effective Date) is hereby amended to be in the form of Annex A attached hereto; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) the Exhibits to the Five-Year Credit Agreement are hereby amended to be in the form of the applicable Exhibit attached as
Annex B hereto; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Schedule 3.02 to the Five-Year Credit Agreement is hereby deleted in its entirety. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Representations and Warranties.</U> The Company hereby represents and warrants to each of the other parties hereto that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The execution, delivery and performance by the Company of this Amendment have been duly authorized by all necessary corporate action on
behalf of the Company, and this Amendment has been duly executed and delivered by the Company. Each of this Amendment and the Five-Year Credit Agreement as amended hereby constitutes a legal, valid and binding
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obligation of each of the Company and, in the case of the Five-Year Credit Agreement as amended hereby, each Borrowing Subsidiary, enforceable against it in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors&#146; rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The representations and warranties set forth in the Five-Year Credit Agreement, as amended hereby, and the other Loan Documents are true
and correct in all material respects (or, in the case of any representation or warranty set forth in the Loan Documents already qualified as to materiality, in all respects) on and as of the Amendment Effective Date with the same effect as if made
on and as of such date, with all references to financial statements as of the end of or for a specific fiscal year or fiscal quarter in the applicable representations and warranties being deemed to be references t