Item 1.01. Entry into a Material Definitive Agreement
On September 28, 2009, Kelly Services, Inc. ("the Company") entered into a new $90 million secured, revolving credit agreement with a syndicate of lenders, including JPMorgan Chase Bank, N.A. as agent for the lenders, that terminates September 28, 2012 (the "New Revolving Credit Agreement"). The New Revolving Credit Agreement replaces the Prior Credit Facility described in Item 1.02. The New Revolving Credit Agreement allows for borrowings in various currencies. On September 28, 2009, the Company also entered into corresponding second amendments to its 5.5 billion yen term loan agreement dated as of November 7, 2007, and 9.0 million euro and 5.0 million UK pound syndicated term loan facility agreement dated as of October 3, 2008. The first corresponding amendments were dated as of April 29, 2009. The amendments modified the interest rate, financial covenants and other certain terms of the two credit agreements to conform with the New Revolving Credit Agreement.
On September 28, 2009, the Company also entered into a Pledge and Security Agreement under which the Company pledges its assets as security for the above-mentioned loan facilities.
Item 1.02. Termination of a Material Definitive Agreement On September 28, 2009, as a result of the entry by the Company into the New Revolving Credit Agreement described in Item 1.01 hereof, the Company concurrently terminated its $150 million five-year unsecured multi-currency revolving credit facility with a syndicate of lenders, including JPMorgan Chase Bank, N.A. as agent (the "Prior Credit Facility"). The Prior Credit Facility would have terminated on November 30, 2010. There are currently no borrowings against the Prior Credit Facility.
Item 9.01. Financial Statements and Exhibits

(d) Exhibits 10.6 Three-year, secured, revolving credit agreement, dated September 28, 2009. 10.14 Pledge and Security Agreement, dated September 28, 2009. 10.15 Second Amendment to the 5.5 billion yen term loan agreement, dated September 28, 2009. 10.16 Second Amendment to the 9.0 million euro and 5.0 million UK pound syndicated term loan facility agreement, dated September 28, 2009.

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