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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-10-003180.txt : 20100119
<SEC-HEADER>0000950123-10-003180.hdr.sgml : 20100118
<ACCEPTANCE-DATETIME>20100119090155
ACCESSION NUMBER:		0000950123-10-003180
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100112
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20100119
DATE AS OF CHANGE:		20100119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			H&R BLOCK INC
		CENTRAL INDEX KEY:			0000012659
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				440607856
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06089
		FILM NUMBER:		10531983

	BUSINESS ADDRESS:	
		STREET 1:		ONE H&R BLOCK WAY
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64105
		BUSINESS PHONE:		8168543000

	MAIL ADDRESS:	
		STREET 1:		ONE H&R BLOCK WAY
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64105
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c55557e8vk.htm
<DESCRIPTION>FORM 8
<TEXT>
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<TITLE>e8vk</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D. C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (date of earliest event reported): January&nbsp;12, 2010</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><U>H&#038;R BLOCK, INC.</U></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Missouri</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-6089</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>44-0607856</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><U><B>One H&#038;R Block Way, Kansas City, MO 64105</B></U><BR>
(Address of Principal Executive Offices) (Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><U><B>(816)&nbsp;854-3000</B></U><BR>
(Registrant&#146;s telephone number, including area code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><U><B>Not Applicable</B></U><BR>
(Former name or former address, if changed since last report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01. Entry into a Material Definitive Agreement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;12, 2010, Block Financial LLC (&#147;Block Financial&#148;), a wholly-owned subsidiary of H&#038;R
Block, Inc. (&#147;H&#038;R Block&#148;), entered into the Credit and Guarantee Agreement dated as of January&nbsp;12,
2010 (the &#147;HSBC RAL Participation Credit Facility&#148;), among Block Financial, H&#038;R Block and HSBC Bank
USA, National Association (&#147;HSBC&#148;). The HSBC RAL Participation Credit Facility provides funding for
Block Financial&#146;s purchases of participation interests in refund anticipation loans (&#147;RALs&#148;), as
more fully described in the following paragraphs. The HSBC RAL Participation Credit Facility is
separate from the contractual relationships among H&#038;R Block, HSBC and their respective affiliates,
pursuant to which HSBC and its affiliates originate RALs and issue refund anticipation checks to
eligible clients of H&#038;R Block company-owned and franchise offices on a nationwide basis. Such
contractual relationships with HSBC and its affiliates commenced on July&nbsp;1, 2006, will expire June
30, 2011, and may be extended by H&#038;R Block&#146;s affiliates for two successive one-year renewal terms.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The HSBC RAL Participation Credit Facility provides funding for purchases of participation
interests in RALs, such funding totaling (i) $2,500,000,000 through
and including March&nbsp;30, 2010 and (ii) $120,000,000 thereafter through the facility termination
date. The HSBC RAL Participation Credit Facility terminates on the earlier of June&nbsp;30, 2010 or the
first day after April&nbsp;15, 2010 on which the aggregate outstanding amount of purchased RAL
participation interests financed by the HSBC RAL Participation Credit Facility is less than
$60,000,000. The HSBC RAL Participation Credit Facility bears interest each day at the average of
the LIBO Rate for the previous five business days plus an additional margin rate and is subject to
various conditions, triggers, events or occurrences that could result in earlier termination. The
HSBC RAL Participation Credit Facility contains representations, warranties, covenants and events
of default that are customary for financings of this type and are substantially similar to those
contained in Block Financial&#146;s two $1,000,000,000 five-year revolving credit facilities. These
representations, warranties, covenants and events of default include, without limitation, (i)&nbsp;a
covenant requiring H&#038;R Block to maintain a minimum adjusted net worth of at least $1,000,000,000
(less reductions in stockholders&#146; equity not exceeding an aggregate $350,000,000 due to certain
treasury stock repurchases) at the last day of any fiscal quarter and (ii)&nbsp;covenants restricting
H&#038;R Block&#146;s and Block Financial&#146;s ability to incur additional debt, incur liens, merge or
consolidate with other companies, sell or dispose of their respective assets, liquidate or
dissolve, and engage in certain transactions with affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">H&#038;R Block guarantees the performance of Block Financial&#146;s obligations under the HSBC RAL
Participation Credit Facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the affiliate relationships discussed above, (i)&nbsp;HSBC is a lending party pursuant to
two $1,000,000,000 five-year revolving credit facilities maintained by Block Financial, as
borrower, and H&#038;R Block, as guarantor, with various other lenders, (ii)&nbsp;Block Financial may
purchase participation interests in RALs originated by certain HSBC affiliates and (iii)&nbsp;certain
HSBC affiliates service certain RALs in which Block Financial purchases participation interests.
</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>H&#038;R BLOCK, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: January 19, 2010&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Andrew J. Somora
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Andrew J. Somora&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Assistant Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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