Exhibit 10.2

INCENTIVE UNIT GRANT AGREEMENT

THIS INCENTIVE UNIT GRANT AGREEMENT (this “Agreement”) is made as of
            by and between Varietal Distribution Holdings, LLC, a Delaware
limited liability company (the “Company”), and the executive identified on the
signature page attached hereto (“Executive”) and is being entered into pursuant
to the Company’s 2007 Securities Purchase Plan (as amended or modified from time
to time, the “Plan”) and Appendix A of the Plan (as amended or modified from
time to time, “Appendix A of the Plan”). Certain definitions are set forth in
Section 7 of this Agreement and on the signature page attached hereto, which
shall be deemed a part of this Agreement. Capitalized terms used but not
otherwise defined herein shall have the meaning given to such terms in the LLC
Agreement (as defined below).

WHEREAS, Executive is an employee of the Company, VWR Funding, Inc., a Delaware
corporation (“VWR”), or their respective Subsidiaries, and the Company desires
to grant to Executive certain of the Company’s Series 1 Class B Common Units on
the terms and conditions provided herein.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties to this Agreement hereby agree as follows:

1. Grant of Equity Interests.

(a) At the Closing (as defined below), upon the terms and conditions set forth
in this Agreement and pursuant to the Plan, Executive will accept from the
Company, and the Company will grant to Executive, a number of Series 1 Class B
Common Units equal to the Number of Series 1 Class B Common Units (as defined on
the signature page hereto) (the “Issued Interests”).

(b) Subject to the terms and conditions contained in this Agreement, the closing
of the transactions contemplated by this Agreement (the “Closing”) shall take
place at the offices of the Company on the date hereof or at such other time and
date or at such other place as the Company and Executive may determine. The date
on which the Closing occurs is referred to herein as the “Closing Date.”

(c) At the Closing, the Company shall update the Unit Ownership Ledger (as
defined in the LLC Agreement) to reflect the issuance of the Issued Interests to
Executive.

(d) The initial “Participation Threshold” with respect to each Issued Interest
shall be equal to $            . The Participation Threshold with respect to
each Issued Interest is subject to adjustment from time to time as set forth in
the LLC Agreement.

(e) Within 30 days after the Closing Date, Executive will make an effective
election with the Internal Revenue Service under Section 83(b) of the Internal
Revenue Code and the regulations promulgated thereunder, as amended (the
“Code”), in the form of Exhibit A attached hereto; provided that if Executive is
not a resident of United States and not otherwise subject to income taxation
under the laws of the United States, then Executive shall not be required to
make such an election (but may make such election at his or her option).

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(f) In connection with the grant and issuance of the Issued Interests, Executive
represents and warrants to the Company that as of the date hereof and as of the
Closing:

(i) the Issued Interests to be acquired by Executive pursuant to this Agreement
will be acquired for Executive’s own account and not with a view to, or
intention of, distribution thereof in violation of the Securities Act or any
applicable state or foreign securities laws, and the Issued Interests will not
be disposed of in contravention of the Securities Act or any applicable state or
foreign securities laws;

(ii) this Agreement constitutes the legal, valid and binding obligation of
Executive, enforceable in accordance with its terms, and the execution, delivery
and performance of this Agreement by Executive does not and will not conflict
with, violate or cause a breach of any agreement or instrument to which
Executive is a party or subject or any judgment, order or decree to which
Executive is subject;

(iii) Executive is an employee of the Company, VWR or their respective
Subsidiaries, is sophisticated in financial matters and is able to evaluate the
risks and benefits of the investment in the Issued Interests;

(iv) if the Company has notified Executive (including, without limitation, by a
notice set forth on the signature page attached hereto) that it is relying or
may rely on an exemption pursuant to Regulation D of the Securities Act for the
issuance of the Issued Interests to Executive, Executive is an “accredited
investor” within the meaning of Regulation D of the Securities Act;

(v) Executive is able to hold the Issued Interests for an indefinite period of
time because the Issued Interests have not been registered under the Securities
Act and, therefore, cannot be sold unless subsequently registered under the
Securities Act or an exemption from such registration is available;

(vi) Executive (A) has had an opportunity to ask questions and receive answers
concerning the terms and conditions of the offering of Issued Interests, (B) has
had full access to such other information concerning the Company, VWR and their
respective Subsidiaries as he or she has requested in connection with the
investments contemplated hereby and (C) has received and reviewed a copy of each
of the Transaction Documents and the Confidential Information Memorandum, dated
March, 2012, from VWR a reasonable period of time before the date hereof; and

(vii) Executive is a resident of the city, state and country indicated in
Executive’s Address (as set forth on the signature page hereto).

 

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(g) Executive acknowledges that the Company is relying upon the accuracy and
completeness of the representations contained herein in complying with its
obligations under applicable securities laws.

(h) As an inducement to the Company to issue the Issued Interests to Executive,
and as a condition thereto, Executive acknowledges and agrees that neither the
issuance of the Issued Interests to Executive nor any provision contained in
this Agreement shall entitle Executive to remain in the employment of the
Company, VWR or their respective Subsidiaries or affect the right of the
Company, VWR or their respective Subsidiaries to terminate Executive’s
employment at any time for any reason.

(i) At the Closing, if Executive is lawfully married and Executive’s Address or
the permanent residence of Executive’s spouse is located in a community property
jurisdiction, Executive’s spouse shall execute and deliver to the Company the
Consent in the form of Exhibit B attached hereto.

(j) At the Closing, Executive shall become a party to the LLC Agreement and the
Securityholders Agreement by executing and delivering to the Company
counterparts to such agreements in the form of Exhibits C-1 and C-2 attached
hereto. The Company’s obligation to consummate the issuance of the Issued
Interests pursuant to this Section 1 is conditioned upon Executive executing and
delivering such counterparts at the Closing. For purposes of the LLC Agreement,
the Securityholders Agreement and the Plan, this Agreement shall constitute a
Management Unit Purchase Agreement.

(k) The Company and Executive hereby acknowledge and agree that this Agreement
has been executed and delivered, and the Issued Interests have been issued
hereunder, in connection with and as a part of the compensation and incentive
arrangements between the Company and Executive and pursuant and subject to the
provisions of the Plan and Appendix A of the Plan. Executive agrees to be bound
by and subject to the terms and conditions of the Plan and Appendix A of the
Plan as the same may be amended or modified from time to time in accordance with
their terms.

2. Vesting of Issued Interests.

(a) The Issued Interests are initially all unvested and may only become vested
in the manner specified in Section 2 of Appendix A of the Plan.

(b) The Issued Interests that have become vested pursuant to Section 2 of
Appendix A of the Plan are referred to herein as “Vested Units.” All Issued
Interests that have not vested pursuant to Section 2 of Appendix A of the Plan
are referred to herein as “Unvested Units.” All Vested Units that have been
vested for less than six months as of the Separation Date, if any, are referred
to herein collectively as “Immature Vested Units.”

 

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3. Unvested Incentive Units; Repurchase Option.

(a) In the event of a Separation or a Trigger Date (as defined in Appendix A of
the Plan), the Unvested Incentive Units (whether held by Executive or one or
more of Executive’s transferees, other than the Company and the Investors) shall
be automatically forfeited for no consideration, and no payment shall be due in
respect thereof.

(b) In the event of a Separation, the Vested Units (whether held by Executive or
one or more of Executive’s transferees, other than the Company and the
Investors) will be subject to repurchase, in each case by the Company and the
Investors pursuant to the terms and conditions set forth in this Section 3 and
in Section 4 (the “Repurchase Option”). If there is a Subsidiary Public Offering
and the securities of such Subsidiary are distributed to the members of the
Company, then such Subsidiary will be treated as the Company for purposes of
this Section 3 and Section 4 with respect to any repurchase of the securities of
such Subsidiary.

(c) In the event of a Separation, the Company (with the approval of the Board in
the case of any repurchase in excess of $100,000) may irrevocably elect to
purchase all, but not less than all, of the Vested Units (subject to
Section 4(b), other than Immature Vested Units, if any) pursuant to this
Section 3 and Section 4 by delivering written notice (a “Company Repurchase
Notice”) to the holder or holders of such securities within a period of 90 days
after the Separation Date (such period, a “Repurchase Option Period”). Any
Company Repurchase Notice will set forth the number of units of each class to be
acquired from each holder, the aggregate consideration to be paid for such units
and the time and place for the closing of the transaction.

(d) If for any reason the Company does not elect to purchase all of the Vested
Units pursuant to the Repurchase Option, the Investors shall be entitled to
exercise the Repurchase Option for all, but not less than all, of the Vested
Units (subject to Section 4(b), other than Immature Vested Units, if any) that
the Company has not elected to purchase (collectively, “Available Securities”).
As soon as practicable after the Company has determined that it will not
exercise the Repurchase Option with respect to the Available Securities, but in
any event within 20 days prior to the expiration of the applicable Repurchase
Option Period, the Company shall give written notice (an “Option Notice”) to the
Investors setting forth the number of units of each class the Investors are
entitled to purchase and the purchase price for each type of the Available
Securities. The Investors may irrevocably elect to purchase all, but not less
than all, of the Vested Units (subject to Section 4(b), other than Immature
Vested Units, if any), if any, that are Available Securities by giving written
notice to the Company within 20 days after receiving the Option Notice. If more
than one Investor elects to purchase an aggregate number of Available Securities
of a class or type greater than the number of Available Securities of such class
or type, the Available Securities to be purchased by each such Investor shall be
allocated among such Investors based upon the number of Class A Common Units
owned by each Investor. If the Investors have elected to purchase any Available
Securities, within 10 days after the expiration of the 20-day period set forth
above, the Company shall notify each holder of Vested Units as to the number of
units of each class each Investor is entitled to purchase, the aggregate
purchase price and the time and place of the closing of the transaction (the
“Investor Repurchase Notice”). At the time the Company delivers the Investor
Repurchase Notice to the holder(s) of Vested Units, the Company shall also
deliver written notice to each Investor setting forth the number of units of
each class such Investor is entitled to purchase, the aggregate purchase price
and the time and place of the closing of the transaction.

 

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(e) The closing of the purchase of the Vested Units pursuant to an exercise of
the Repurchase Option shall take place on the later of the date designated by
the Company in the applicable Company Repurchase Notice or the applicable
Investor Repurchase Notice, which date shall not be more than 30 days nor less
than 15 days after the later of the delivery of the applicable Company
Repurchase Notice or the applicable Investor Repurchase Notice, as applicable.
The Company and each Investor, as the case may be, will pay the purchase price
for the Vested Units to be purchased by it pursuant to the Repurchase Option by
check(s) or wire transfer(s) of good and immediately available funds. The
Company and the Investors will be entitled to receive customary representations
and warranties with respect to title and enforceability from the sellers
regarding such sale.

(f) The provisions of this Section 3 will terminate with respect to all Issued
Interests (other than Unvested Units) upon the consummation of a Qualified
Public Offering and with respect to all Issued Interests upon the consummation
of a Sale of the Company.

4. Other Terms Applicable to the Repurchase Option.

(a) In the event of a Separation, in connection with the exercise of a
Repurchase Option, the purchase price for each Vested Unit will be the Fair
Market Value of such unit as of the date of the sending of the applicable
Company Repurchase Notice or the applicable Investor Repurchase Notice; provided
that if Executive’s employment is terminated with Cause, then each Vested Unit
shall be automatically forfeited for no consideration, and no payment shall be
due in respect thereof.

(b) Notwithstanding anything to the contrary in this Agreement, (i) the Company
may exercise the Repurchase Option with respect to any Immature Vested Units at
any time during the eight-month period following the Separation Date on a basis
consistent with the procedures set forth in Section 3 and this Section 4 and for
such units the Repurchase Option Period shall instead be such eight-month period
and (ii) the Investors may exercise the Repurchase Option with respect to any
Immature Vested Units that are Available Securities consistent with Section 3
and Section 4 and the applicable Repurchase Option Period for such exercise
shall be the eight-month period as provided in the prior clause (i).

(c) Notwithstanding anything to the contrary contained in this Agreement, all
repurchases of Vested Units by the Company pursuant to the Repurchase Option
shall be subject to applicable restrictions contained in the Delaware Limited
Liability Company Act, the Delaware General Corporation Law or such other
governing corporate or limited liability company law, and in the Company’s and
its Subsidiaries’ debt financing agreements. If any such restrictions prohibit
(i) the repurchase of Vested Units hereunder which the Company is otherwise
entitled or required to make or (ii) dividends or other transfers of funds from
one or more Subsidiaries to the Company to enable such repurchases, then the
time periods provided in Sections 3 and this Section 4 shall be suspended, and
the Company may make such purchases at the applicable purchase price therefore
determined as of the time of repurchase, as soon as it is permitted to do so
under such restrictions.

 

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(d) Notwithstanding anything to the contrary contained in this Agreement, the
Company may pay all or any portion of the purchase price to be paid by it as a
result of its exercise of a Repurchase Option by distributing to Executive
securities issued by VWR Investors, Inc. or any other direct Subsidiary of the
Company, so long as VWR Investors, Inc. or such Subsidiary directly or
indirectly owns all or substantially all of the assets of the Company on a
consolidated basis, as provided in Section 4.7 of the LLC Agreement.

5. Non-Competition and Non-Solicitation. Executive agrees to be subject to and
comply with those restrictions and covenants set forth on Exhibit D attached
hereto, which are a part of this Agreement.

6. Restrictions on Transfer of Issued Interests. The Issued Interests shall be
subject to the restrictions on Transfer of such units in the LLC Agreement and
the Securityholders Agreement and the holders of Issued Interests shall not
Transfer any interest in any Issued Interests, except in accordance with such
agreements or the provisions of Section 3 hereof. The holders of Unvested Units
shall not Transfer any interest in any Unvested Units to any Person.

7. Definitions.

“Affiliate” of any particular Person means any other Person controlling,
controlled by, or under common control with such particular Person, where
“control” means the possession, directly or indirectly, of the power to direct
the management and policies of a Person whether through the ownership of voting
securities, by contract or otherwise.

“Board” means the Company’s board of managers or any successor governing body
thereto. The Board may delegate to a committee thereof the duties and role of
the Board contemplated hereby.

“Cause” means (i) the commission of a felony or a crime involving moral
turpitude or the commission of any other act or omission involving dishonesty or
fraud with respect to the Company, VWR or any of their respective Subsidiaries
or any of their customers or suppliers, (ii) substantial and repeated failure to
perform duties as reasonably directed by the Board or a supervisor or report
after providing Executive with 15 days’ written notice and a reasonable
opportunity to remedy such failure, (iii) gross negligence or willful misconduct
with respect to the Company, VWR or any of their respective Subsidiaries,
(iv) conduct tending to bring the Company, VWR or any of their respective
Subsidiaries into substantial public disgrace or disrepute, and (v) any breach
by Executive of any non-competition, non-solicitation or confidentiality
covenants to which Executive is subject.

 

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“Fair Market Value” means, with respect to a Vested Unit, the greater of zero
and the result of (i) the Fair Market Value (as defined, for this purpose only,
in the Securityholders Agreement) of a Class A Common Unit as determined
pursuant to Section 16 of the Securityholders Agreement, minus (ii) the
Participation Threshold of such Vested Unit, as adjusted from time to time
pursuant to the LLC Agreement.

“Investors” has the meaning given to such term in the Securityholders Agreement.

“Issued Interests” will continue to be Issued Interests in the hands of any
holder other than Executive (except for the Company and the Investors and except
for transferees in a Public Sale (as defined in the Securityholders Agreement)),
and except as otherwise provided herein, each such other holder of Issued
Interests will succeed to all rights and obligations attributable to Executive
as a holder of Issued Interests hereunder. Issued Interests will also include
equity of the Company (or a corporate successor to the Company or a Subsidiary
of the Company) issued with respect to Issued Interests (i) by way of a unit
split, unit dividend, conversion or other recapitalization, (ii) by way of
reorganization or recapitalization of the Company in connection with the
incorporation of a corporate successor prior to a Public Offering or (iii) by
way of a distribution of securities of a Subsidiary of the Company to the
members of the Company following or with respect to a Subsidiary Public
Offering. Notwithstanding the foregoing, all Unvested Units shall remain
Unvested Units after any Transfer thereof and shall only become Vested Units
thereafter to the extent provided in Section 2 hereof.

“LLC Agreement” means the Limited Liability Company Agreement of the Company,
dated as of June 29, 2007, among the parties from time to time party thereto, as
amended from time to time pursuant to its terms.

“Person” means an individual, a partnership, a limited liability company, a
corporation, an association, a joint stock company, a trust, a joint venture, an
unincorporated organization, an investment fund, any other business entity and a
governmental entity or any department, agency or political subdivision thereof.

“Public Offering” means the sale in an underwritten public offering registered
under the Securities Act of the equity securities of the Company (or any
successor thereto) approved by the Board.

“Qualified Public Offering” has the meaning given to such term in the
Securityholders Agreement.

“Sale of the Company” means any transaction or series of transactions pursuant
to which any Independent Third Party (as defined in the Securityholders
Agreement) in the aggregate acquire(s) (i) a majority of the voting equity
securities of the Company (whether by merger, liquidation, consolidation,
reorganization, combination, sale or transfer of the Company’s equity
securities, securityholder or voting agreement, proxy, power of attorney or
otherwise) or (ii) all or substantially all of the Company’s assets determined
on a consolidated basis.

 

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“Securities Act” means the Securities Act of 1933, as amended, or any successor
federal law then in force, together with all rules and regulations promulgated
thereunder.

“Securityholders Agreement” means the Securityholders Agreement, dated as of
June 29, 2007, among the Company and certain of its securityholders, as amended
from time to time pursuant to its terms.

“Separation” means Executive ceasing to be employed by the Company, VWR or any
of their respective Subsidiaries for any reason.

“Separation Date” means the date on which Executive ceases to be employed by the
Company, VWR or any of their respective Subsidiaries for any reason.

“Subsidiary” has the meaning given to such term in the LLC Agreement.

“Subsidiary Public Offering” means the sale in an underwritten public offering
registered under the Securities Act of equity securities of a Subsidiary of the
Company.

“Transaction Documents” means this Agreement, the Plan, Appendix A of the Plan,
the LLC Agreement, the Securityholders Agreement and all other agreements,
instruments, certificates and other documents to be entered into or delivered by
Executive in connection with the transactions that have occurred or are
contemplated to occur, as the case may be, pursuant to this Agreement, the Plan,
Appendix A of the Plan, the LLC Agreement, the Securityholders Agreement and any
side agreements related to the foregoing.

“Transfer” means to sell, transfer, assign, pledge or otherwise dispose of
(whether with or without consideration and whether voluntarily or involuntarily
or by operation of law), but explicitly excluding exchanges of one class of
Issued Interests to or for another class of Issued Interests.

8. Notices. All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given or made (i) when delivered
personally to the recipient, (ii) when telecopied to the recipient (with hard
copy sent to the recipient by reputable overnight courier service (charges
prepaid) that same day) if telecopied before 5:00 p.m. Chicago, Illinois time on
a business day and otherwise on the next business day after being telecopied,
(iii) one business day after being sent to the recipient by reputable overnight
courier service (charges prepaid), or (iv) when received via electronic mail by
the recipient (with hard copy sent to the recipient by reputable overnight
courier service (charges prepaid) that same day) if received via electronic mail
before 5:00 p.m. Chicago, Illinois time on a business day and otherwise on the
next business day after such receipt. Such notices, demands and other
communications shall be sent to the Company at the following address and to
Executive at Executive’s Address or to the address for Executive set forth from
time to time in the Company’s books and records (and if Executive has notified
the Company that he or she is represented by legal counsel in connection with
the transactions contemplated hereby, with a copy (which shall not constitute
notice) to such counsel’s address as listed by Executive on the signature page
hereto), or to such other address or to the attention of such other person as
the recipient party has specified by prior written notice to the sending party.

 

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Varietal Distribution Holdings, LLC

c/o VWR International, LLC

Radnor Corporate Center

Building One, Suite 200

100 Matsonford Road

Radnor, Pennsylvania 19087

Facsimile: (484) 881-6535

Telephone: (610) 386-1504

Electronic mail: George_VanKula@vwr.com

Attention: George Van Kula, Esq.

with copies to (which shall not constitute notice):

Madison Dearborn Capital Partners

Three First National Plaza

38th Floor

Chicago, Illinois 60602

Facsimile: (312) 895-1056

Telephone: (312) 895-1000

Electronic mail: mtresnowski@MDCP.com

Attention: General Counsel

and

Kirkland & Ellis LLP

300 North LaSalle Street

Chicago, IL 60654

Facsimile: (312) 862-2200

Telephone: (312) 862-2000

Electronic mail: sanford.perl@kirkland.com; mark.fennell@kirkland.com

Attention: Sanford E. Perl, P.C.

                 Mark A. Fennell, P.C.

 

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9. Additional Provisions Applicable to Non-US Residents. If Executive is a
resident (as indicated by the address for notices to Executive set forth on the
signature page hereto) of a country other than the United States, the provisions
of Annex 1 attached hereto, if any, shall also be applicable to Executive and
the Company and shall constitute a part of this Agreement as if set forth
herein.

10. General Provisions.

(a) Transfers in Violation of Agreement. Any Transfer or attempted Transfer of
any Issued Interests in violation of any provision of this Agreement shall be
void, and the Company shall not record such Transfer on its books or treat any
purported transferee of such Issued Interests as the owner of such securities
for any purpose.

(b) Severability. Whenever possible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or the effectiveness or validity of any provision in any
other jurisdiction, and this Agreement will be reformed, construed and enforced
in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

(c) Entire Agreement. This Agreement, those documents expressly referred to
herein, the other documents of even date herewith, and the other Transaction
Documents embody the complete agreement and understanding among the parties and
supersede and preempt any prior understandings, agreements or representations by
or among the parties, written or oral, which may have related to the subject
matter hereof in any way. Any rights of Executive against VWR or its Affiliates
or otherwise to acquire or be granted capital stock of VWR or options
exercisable for capital stock of VWR or restricted stock units or deferred share
units with respect to the equity of VWR shall be superseded by this Agreement.
As of the date hereof, this Agreement constitutes the legal, valid and binding
obligation of the Company, enforceable in accordance with its terms, and the
execution, delivery and performance of this Agreement by the Company does not
and will not conflict with, violate or cause a breach of any agreement or
instrument to which the Company is a party or subject or any judgment, order or
decree to which the Company is subject.

(d) No Strict Construction. The language used in this Agreement shall be deemed
to be the language chosen by the parties hereto to express their mutual intent,
and no rule of strict construction shall be applied against any party.

(e) Counterparts. This Agreement may be executed in multiple counterparts with
the same effect as if all signing parties had signed the same document. All
counterparts shall be construed together and constitute the same instrument.

(f) Successors and Assigns. Except as otherwise provided herein, this Agreement
shall bind and inure to the benefit of and be enforceable by the Company,
Executive and the Investors and their respective successors and assigns
(including subsequent holders of Issued Interests); provided that the rights and
obligations of Executive under this Agreement shall not be assignable except in
connection with a permitted transfer of Issued Interests hereunder.

 

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(g) Applicable Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware, without giving effect to any
choice of law or conflict of law rules or provisions (whether of the State of
Delaware or any other jurisdiction) that would cause the application of the laws
of any jurisdiction other than the State of Delaware.

(h) Consent to Jurisdiction. Executive irrevocably submits to the nonexclusive
jurisdiction of the United States District Court for the State of Delaware and
the state courts of the State of Delaware for the purposes of any suit, action
or other proceeding arising out of this Agreement or any transaction
contemplated hereby. Executive further agrees that service of any process,
summons, notice or document by United States certified or registered mail to
Executive’s Address and to Executive’s address set forth in the Company’s books
and records or such other address or to the attention of such other person as
the recipient party has specified by prior written notice to the sending party
shall be effective service of process in any action, suit or proceeding in
Delaware with respect to any matters to which it has submitted to jurisdiction
as set forth above in the immediately preceding sentence. Executive irrevocably
and unconditionally waives any objection to the laying of venue of any action,
suit or proceeding arising out of this Agreement or the transactions
contemplated hereby in the United States District Court for the State of
Delaware or the state courts of the State of Delaware and hereby irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such action, suit or proceeding brought in such court has been brought in an
inconvenient forum.

(i) MUTUAL WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH
COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL
LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO
ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF
ARBITRATION, EACH PARTY TO THIS AGREEMENT (INCLUDING THE COMPANY) HEREBY WAIVES
ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE
ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES HERETO, WHETHER ARISING IN
CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR
INCIDENTAL TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY AND/OR THE
RELATIONSHIPS ESTABLISHED AMONG THE PARTIES HEREUNDER.

 

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(j) Further Action. The parties shall execute and deliver all documents, provide
all information and take or refrain from taking such actions as may be necessary
or appropriate to achieve the purposes of this Agreement.

(k) Remedies. Each of the parties to this Agreement (and the Investors as
third-party beneficiaries) will be entitled to enforce its rights under this
Agreement specifically, to recover damages caused by any breach of any provision
of this Agreement and to exercise all other rights existing in its favor. The
parties hereto agree and acknowledge that money damages may not be an adequate
remedy for any breach of the provisions of this Agreement and that any party may
in its sole discretion apply to any court of law or equity of competent
jurisdiction (without posting any bond or deposit) for specific performance
and/or other injunctive relief in order to enforce or prevent any violations of
the provisions of this Agreement. In the event of a contest between the Company
and Executive regarding a breach or alleged breach of this Agreement in which
Executive substantially prevails, then the Company agrees to pay (within ten
business days of receipt of an invoice from Executive), all legal fees and
expenses that Executive has incurred as a result of such contest.

(l) Amendment and Waiver. The provisions of this Agreement may be amended and
waived only with the prior written consent of the Company, Executive and the
holders of the Required Interest (as defined in the Securityholders Agreement).

(m) Business Days. If any time period for giving notice or taking action
hereunder expires on a day which is a Saturday, Sunday or holiday in the state
in which the Company’s chief executive office is located, the time period shall
be automatically extended to the business day immediately following such
Saturday, Sunday or holiday.

(n) Survival. All covenants, representations and warranties contained herein or
made in writing by any party in connection herewith shall survive the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby. This Agreement shall survive a Separation and shall remain
in full force and effect after such Separation.

(o) Adjustments of Numbers. All numbers set forth herein that refer to unit
prices or amounts will be appropriately adjusted to reflect unit splits, unit
dividends, combinations of units and other recapitalizations affecting the
subject class of equity.

(p) Deemed Transfer of Issued Interests. If, pursuant to the terms and
conditions of this Agreement, the Company (and/or the Investors and/or any other
Person acquiring securities) shall make available, at the time and place and in
the amount and form provided in this Agreement, the consideration for the Issued
Interests to be repurchased in accordance with the provisions of this Agreement
in the proper amount as finally determined in accordance with the provisions of
this Agreement, then from and after such time, the Person from whom such units
are to be repurchased shall no longer have any rights as a holder of such units
(other than the right to receive payment of such consideration in accordance
with this Agreement), and such units shall be deemed purchased in accordance
with the applicable provisions hereof and the Company (and/or the Investors
and/or any other Person acquiring securities) shall be deemed the owner and
holder of such units, whether or not the certificates therefor, if any, have
been delivered. If certificates representing forfeited Issued Interests have
been issued, then such certificates shall be automatically canceled upon such
forfeiture.

 

12

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(q) Rights Granted to the Investors and their Affiliates. Any rights granted to
Executive or to the Investors and their respective Affiliates hereunder may also
be exercised (in whole or in part) by their designees.

(r) Subsidiary Public Offering. If, after consummation of a Subsidiary Public
Offering, the Company distributes securities of such Subsidiary to members of
the Company, then such securities will be treated in the same manner as (but
excluding any “preferred” features of the units with respect to which they were
distributed) the units with respect to which they were distributed for purposes
of Sections 1, 2, 3 and 4 hereof.

(s) Electronic Delivery. This Agreement, the agreements referred to herein and
each other agreement or instrument entered into in connection herewith or
therewith or contemplated hereby or thereby, and any amendments hereto or
thereto, to the extent signed and delivered by means of a photographic,
photostatic, facsimile or similar reproduction of such signed writing using a
facsimile machine or electronic mail shall be treated in all manner and respects
as an original agreement or instrument and shall be considered to have the same
binding legal effect as if it were the original signed version thereof delivered
in person. At the request of any party hereto or to any such agreement or
instrument, each other party hereto or thereto shall reexecute original forms
thereof and deliver them to all other parties. No party hereto or to any such
agreement or instrument shall raise the use of a facsimile machine or electronic
mail to deliver a signature or the fact that any signature or agreement or
instrument was transmitted or communicated through the use of a facsimile
machine or electronic mail as a defense to the formation or enforceability of a
contract and each such party forever waives any such defense.

(t) Currency. All transactions contemplated by this Agreement are contemplated
to occur in United States dollars and any reference herein to dollars or “$”
shall be deemed to refer to United States dollars.

*    *    *    *    *

 

13

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IN WITNESS WHEREOF, the parties hereto have executed this Incentive Unit Grant
Agreement as of the day and year first above written.

 

VARIETAL DISTRIBUTION HOLDINGS, LLC By:  

 

Name:   Its:   EXECUTIVE By:  

 

Name:  

The following additional definitions shall apply to the Agreement:

 

“Executive’s Address “ means:   Address of legal counsel, if any, to Executive:

“Number of Series 1 Class B Common Units” means      Series 1 Class B Common
Units.

The Company hereby notifies Executive that it may rely on one or more of the
following exemptions that are indicated with a check or “x” from the
registration requirements of the Securities Act with respect to the sale of the
Issued Interests hereunder:

    Rule 701;

    Regulation D;

    Regulation S.

Signature Page to Incentive Unit Grant Agreement

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Exhibit A

PROTECTIVE ELECTION TO INCLUDE MEMBERSHIP

INTEREST IN GROSS INCOME PURSUANT TO

SECTION 83(b) OF THE INTERNAL REVENUE CODE

On             (the “Acquisition Date”), the undersigned acquired a limited
liability company membership interest (the “Membership Interest”) in Varietal
Distribution Holdings, LLC, a Delaware limited liability company (the
“Company”), for $            . Pursuant to the Limited Liability Company
Agreement of the Company, the undersigned is entitled to an interest in Company
capital exactly equal to the amount paid therefor and an interest in Company
profits.

Based on current Treasury Regulation §1.721-1(b), Proposed Treasury Regulation
§1.721-1(b)(1) and Revenue Procedures 93-27 and 2001-43, the undersigned does
not believe that issuance of the Membership Interest to the undersigned is
subject to the provisions of §83 of the Internal Revenue Code (the “Code”). In
the event that the sale is so treated, however, the undersigned desires to make
an election to have the receipt of the Membership Interest taxed under the
provisions of Code §83(b) at the time the undersigned acquired the Membership
Interest.

Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated
thereunder, the undersigned hereby makes an election, with respect to the
Membership Interest, to report as taxable income for the calendar year 2012 the
excess (if any) of the value of the Membership Interest on the Acquisition Date
over the purchase price thereof.

The following information is supplied in accordance with Treasury Regulation
§ 1.83-2(e):

 

1. The name, address and social security number of the undersigned:

 

 

 

 

 

 

  SS # :                                                                      

 

2. A description of the property with respect to which the election is being
made: A membership interest in the Company entitling the undersigned to an
interest in the Company’s capital exactly equal to the amount paid therefore and
a percentage of the Company’s profits.

 

3. The date on which the Membership Interest was transferred: the Acquisition
Date. The taxable year for which such election is made:         .

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4. The restrictions to which the property is subject: If the undersigned ceases
to be employed by the Company or any of its subsidiaries, the unvested portion
of the units will be subject to repurchase by the Company at the lower of cost
or fair market value.

 

5. The fair market value on the Acquisition Date of the property with respect to
which the election is being made, determined without regard to any lapse
restrictions and in accordance with Revenue Procedure 93-27: $            .

 

6. The amount paid or to be paid for such property: $            .

*    *    *    *    *

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A copy of this election is being furnished to the Company pursuant to Treasury
Regulation § 1.83-2(e)(7). A copy of this election will be submitted with the
2012 federal income tax return of the undersigned pursuant to Treasury
Regulation § 1.83-2(c), if any.

Dated:             

 

By:  

 

Name:  

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Exhibit B

SPOUSAL CONSENT

The undersigned spouse of Executive hereby acknowledges that I have read the
foregoing Incentive Unit Grant Agreement executed by Executive as of the date
hereof, and each of the LLC Agreement and the Securityholders Agreement referred
to therein, and that I understand their contents. I am aware that the foregoing
Incentive Unit Grant Agreement and the Securityholders Agreement provide for the
sale or repurchase of my spouse’s Issued Interests under certain circumstances
and/or impose other restrictions on such securities (including, without
limitation, restrictions on transfer). I agree that my spouse’s interest in
these securities is subject to these restrictions and any interest that I may
have in such securities shall be irrevocably bound by these agreements and
further, that my community property interest, if any, shall be similarly bound
by these agreements.

 

 

   Date:                                         
Spouse Name:                                                     

 

   Date:                                          Witness Name:
                                                 

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Exhibit C-1

LLC AGREEMENT

Joinder

The undersigned is executing and delivering this Joinder pursuant to the Limited
Liability Company Agreement of Varietal Distribution Holdings, LLC (the
“Company”) dated as of June 29, 2007 (as the same has been or may hereafter be
amended, the “LLC Agreement”), among the Company and the Company’s unitholders
named therein from time to time.

By executing and delivering to the Company this Joinder, the undersigned hereby
agrees to become a party to, to be bound by, and to comply in full with the
provisions of the LLC Agreement as a Unitholder in the same manner as if the
undersigned were an original signatory to the LLC Agreement.

Accordingly, the undersigned has executed and delivered this Joinder as of
            .

 

By:  

 

Name:  

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Exhibit C-2

SECURITYHOLDERS AGREEMENT

Joinder

The undersigned is executing and delivering this Joinder pursuant to the
Securityholders Agreement dated as of June 29, 2007 (as the same has been or may
hereafter be amended, the “Securityholders Agreement”), among Varietal
Distribution Holdings, LLC (the “Company”), Madison Dearborn Capital Partners
V-A, L.P., Madison Dearborn Capital Partners V-C, L.P., Madison Dearborn Capital
Partners V Executive-A, L.P. and the other persons named as parties therein from
time to time.

By executing and delivering to the Company this Joinder, the undersigned hereby
agrees to become a party to, to be bound by, and to comply with the provisions
of the Securityholders Agreement as a Securityholder and as an Executive in the
same manner as if the undersigned were an original signatory to the
Securityholders Agreement.

Accordingly, the undersigned has executed and delivered this Joinder as of
                    .

 

EXECUTIVE

 

Name:

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Exhibit D

Restrictive Covenants

1. Noncompetition and Nonsolicitation. Executive acknowledges that in the course
of Executive’s employment with the Company, VWR or any of their respective
Subsidiaries or Affiliates that Executive will become familiar with the
Company’s, VWR’s and their respective Subsidiaries’ and Affiliates’ trade
secrets and with other confidential information concerning the Company, VWR and
their respective Subsidiaries and Affiliates and that Executive’s services to
the Company, VWR and their respective Subsidiaries and Affiliates is of special,
unique and extraordinary value to the Company, VWR and their respective
Subsidiaries and Affiliates. Therefore, Executive agrees that:

(a) Noncompetition. During the period that Executive is employed by the Company,
VWR or any of their respective Subsidiaries or Affiliates (such period, the
“Employment Period”) and for a period of 12 months thereafter, Executive shall
not directly or indirectly, anywhere in the world, own, manage, control,
participate in, consult with, render services for or enter into employment with
any distributor with annual sales revenue exceeding $200,000,000 in the
laboratory supplies industry (the “Business”). Nothing herein shall prohibit
Executive from being a passive owner of not more than 2% of the outstanding
stock of any class of a corporation that is publicly traded, so long as
Executive has no active participation in the business of such corporation.

(b) Nonsolicitation. During the Employment Period and for a period of 18 months
thereafter, Executive shall not directly or indirectly (i) induce or attempt to
induce any employee of the Company, VWR or any of their Subsidiaries or
Affiliates to leave the employ of the Company, VWR or any of their Subsidiaries
or Affiliates or in any way interfere with the relationship between the Company,
VWR or any of their Subsidiaries or Affiliates and any employee thereof,
(ii) hire any person who was an employee of Company, VWR or any of their
Subsidiaries or Affiliates within 180 days after a Separation, (iii) induce or
attempt to induce any customer, supplier, licensee or other business relation of
the Company, VWR or any of their Subsidiaries or Affiliates to cease doing
business with the Company, VWR or any of their Subsidiaries or Affiliates or in
any way interfere with the relationship between any such customer, supplier,
licensee or business relation and the Company, VWR or any of their Subsidiaries
or Affiliates or (iv) directly or indirectly acquire or attempt to acquire an
interest in any business relating to the Business and with which the Company,
VWR or any of their Subsidiaries or Affiliates has entertained discussions
relating to the acquisition of such business by Company, VWR or any of their
Subsidiaries or Affiliates in the twelve month period immediately preceding a
Separation.

(c) Enforcement. If, at the time of enforcement of Section 1 or 2 of this
Exhibit D, a court holds that the restrictions stated herein are unreasonable
under circumstances then existing, the parties hereto agree that the maximum
duration, scope or geographical area reasonable under such circumstances shall
be substituted for the stated period, scope or area and that the court shall be
allowed to revise the restrictions contained herein to cover the maximum
duration, scope and area permitted by law. Because Executive’s services are
unique and because Executive has access to confidential information, the parties
hereto agree that money damages would be an inadequate remedy for any breach of
this Exhibit D. Therefore, in the event a breach or threatened breach of this
Exhibit D, the Company, VWR or any of their Subsidiaries or Affiliates or their
successors or assigns may, in addition to other rights and remedies existing in
their favor, apply to any court of competent jurisdiction for specific
performance and/or injunctive or other relief in order to enforce, or prevent
any violations of, the provisions hereof (without posting a bond or other
security).

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(d) Additional Acknowledgments. Executive acknowledges that the provisions of
Sections 1 and 2 of this Exhibit D are in consideration of: (i) the entering
into this Agreement with Executive and (ii) additional good and valuable
consideration. In addition, Executive agrees and acknowledges that the
restrictions contained in Sections 1 and 2 of this Exhibit D do not preclude
Executive from earning a livelihood, nor do they unreasonably impose limitations
on Executive’s ability to earn a living. In addition, Executive acknowledges
(A) that the business of the Company, VWR and their Subsidiaries and Affiliates
will be conducted throughout the world, (B) notwithstanding the state of
incorporation or principal office of the Company, VWR or any of their
Subsidiaries or Affiliates, or any of their respective executives or employees
(including Executive), it is expected that the Company, VWR and their
Subsidiaries and Affiliates will have business activities and have valuable
business relationships within its industry throughout the world, and (C) as part
of Executive’s responsibilities, Executive may be traveling throughout the world
in furtherance of the Company’s, VWR’s or any of their Subsidiaries’ or
Affiliates’ business and relationships. Executive agrees and acknowledges that
the potential harm to the Company, VWR and any of their Subsidiaries and
Affiliates of the non-enforcement of Sections 1 and 2 of this Exhibit D
outweighs any potential harm to Executive of its enforcement by injunction or
otherwise. Executive acknowledges that Executive has carefully read this Exhibit
D and has given careful consideration to the restraints imposed upon Executive
by this Exhibit D and are in full accord as to their necessity for the
reasonable and proper protection of confidential and proprietary information of
the Company, VWR and any of their Subsidiaries and Affiliates now existing or to
be developed in the future. Executive expressly acknowledges and agrees that
each and every restraint imposed by this Exhibit D is reasonable with respect to
subject matter, time period and geographical area.

2. Miscellaneous.

(a) Definitions. Capitalized terms used but not otherwise defined herein shall
have the meaning given to such terms in the agreement to which this exhibit in
attached.

(b) Applicable Law. This Exhibit D shall be governed by, and construed in
accordance with, the laws of the Commonwealth of Pennsylvania, without giving
effect to any choice of law or conflict of law rules or provisions (whether of
the Commonwealth of Pennsylvania or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the Commonwealth of
Pennsylvania.

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(c) Consent to Jurisdiction. Executive hereby irrevocably submits to the
nonexclusive jurisdiction of the United States District Court for the Eastern
District of Pennsylvania and the state courts of the Commonwealth of
Pennsylvania for the purposes of any suit, action or other proceeding arising
out of this Exhibit D or any transaction contemplated hereby. Executive further
agrees that service of any process, summons, notice or document by certified or
registered mail to Executive address as listed above or such other address or to
the attention of such other person as Executive has specified by prior written
notice to the Company or VWR shall be effective service of process in any
action, suit or proceeding in the Commonwealth of Pennsylvania with respect to
any matters to which Executive has submitted to jurisdiction as set forth above
in the immediately preceding sentence. Executive irrevocably and unconditionally
waives any objection to the laying of venue of any action, suit or proceeding
arising out of this Exhibit D or the transactions contemplated hereby in the
United States District Court for the Eastern District of Pennsylvania or the
state courts of the Commonwealth of Pennsylvania and hereby irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such action, suit or proceeding brought in such court has been brought in an
inconvenient forum.

(d) Additional Agreements. The provisions of this Exhibit D are in addition to,
and do not supersede, the provisions of any other agreement between Executive
and the Company and/or VWR regarding the subject matter hereof.

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ANNEX 1

SUPPLEMENTAL PROVISIONS FOR NON-US RESIDENTS

If Executive is a resident (as indicated by the address for notices to Executive
set forth on the signature page hereto) of a country other than the United
States, Executive represents, warrants and/or covenants to the Company as
follows: (A) Executive is not a “U.S. person” (as defined in Rule 902 as
promulgated under the Securities Act), (B) Executive is not acquiring any Issued
Interests for the account or benefit of any person who is a U.S. person, and the
issuance of the Issued Interests to Executive constitutes an “Offshore
Transaction,” as defined in Rule 902 as promulgated under the Securities Act,
(C) Executive will only transfer or resell the Issued Interests, in whole or in
part, in accordance with the Plan, this Agreement, the LLC Agreement, the
Securityholders Agreement and (1) the provisions of Regulation S (Rule 901
through 905) and the Preliminary Notes (as defined in Regulation S),
(2) pursuant to registration under the Securities Act, or (3) pursuant to an
available exemption from the registration requirements of the Securities Act,
(D) Executive will not engage in hedging transactions with regard to any Issued
Interests unless in compliance with the Securities Act and (E) Executive’s
Issued Interests have not been registered under the Securities Act and may not
be offered or sold in the United States or to U.S. persons (other than
distributors) unless such securities are registered under the Securities Act or
an exemption from the registration requirements of the Securities Act is
available.