Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 3 TO RECEIVABLES PURCHASE AGREEMENT

THIS AMENDMENT NO. 3 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated
as of June 4, 2013, is among VWR RECEIVABLES FUNDING, LLC, a Delaware limited
liability company, as seller (the “Seller”), VWR INTERNATIONAL, LLC, a Delaware
limited liability company (together with its successors and permitted assigns,
“VWR”), as servicer (in such capacity, together with its successors and
permitted assigns in such capacity, the “Servicer”), PNC BANK, NATIONAL
ASSOCIATION, as administrator (in such capacity, together with its successors
and assigns in such capacity, the “Administrator”) as issuer of Letters of
Credit (in such capacity, together with its successors and assigns in such
capacity, the “LC Bank”), as Related Committed Purchaser (in such capacity,
together with its successors and assigns in such capacity, the “Related
Committed Purchaser”), and as Purchaser Agent for the Market Street Purchaser
Group (in such capacity, together with its successors and assigns in such
capacity, the “Purchaser Agent”), and MARKET STREET FUNDING LLC, as Conduit
Purchaser (“Market Street”).

BACKGROUND

WHEREAS, the parties hereto entered into the Receivables Purchase Agreement (the
“Receivables Purchase Agreement”) as of November 4, 2011; and

WHEREAS, the parties hereto wish to amend the Receivables Purchase Agreement to
revise certain definitions and Termination Events as more specifically set forth
herein;

NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Definitions. Capitalized terms used but not defined in this Amendment
shall have the meanings assigned to them in the Receivables Purchase Agreement.

SECTION 2. Amendments to Receivables Purchase Agreement. Effective as of the
date hereof and subject to the satisfaction of the conditions precedent set
forth in Section 4 hereof, the Receivables Purchase Agreement is hereby amended
as follows:

(a) “Default Ratio” definition in Section 1 of Exhibit I of the Receivables
Purchase Agreement is hereby deleted in its entirety and replaced with the
following:

“Default Ratio” means the ratio (expressed as a percentage) computed as of the
last day of each Fiscal Month by dividing: (a) the aggregate Outstanding Balance
of all Pool Receivables that became Defaulted Receivables during such month
(other than Receivables that became Defaulted Receivables as a result of an
Insolvency Proceeding with respect to the Obligor thereof during such month) by
(b) the Credit Sales during the month that is (i) seven (7) Fiscal Months before
such month for Receivables the Originator of which is VWR and (ii) five
(5) Fiscal Months before such month for all other Receivables.

--------------------------------------------------------------------------------

(b) “Defaulted Receivable” definition in Section 1 of Exhibit I of the
Receivables Purchase Agreement is hereby deleted in its entirety and replaced
with the following:

“Defaulted Receivable” means a Receivable:

(a) other than any Receivable the Obligor of which is an Affiliate of VWR, as to
which any payment, or part thereof, remains unpaid for (i) more than 180 days
from the due date for such payment for all Receivables the Originator of which
is VWR and (ii) more than 120 days from the due date for such payment for all
other Receivables, or

(b) without duplication (i) as to which an Insolvency Proceeding shall have
occurred with respect to the Obligor thereof or any other Person obligated
thereon or owning any Related Security with respect thereto (other than the
Seller or any Purchaser), or (ii) as to which any payment, or part thereof, has
been written off the Seller’s books as uncollectible.

(c) Section (f) of Exhibit V of the Receivables Purchase Agreement is hereby
deleted in its entirety and replaced with the following:

(f) (i) the average for three consecutive Fiscal Months of: (1) other than for
the periods described in clause (i)(2) below, (A) the Default Ratio shall exceed
3.0%, (B) the Delinquency Ratio shall exceed 13.75%, or (C) the Dilution Ratio
shall exceed 5.0%; and (2) for the three consecutive Fiscal Month periods ended
November 2012, December 2012, January 2013, February 2013, March 2013, April
2013, and May 2013 (as reported in the Information Packages delivered in
December 2012 through June 2013), (A) the Default Ratio shall exceed 4.0%,
(B) the Delinquency Ratio shall exceed 15.0%, or (C) the Dilution Ratio shall
exceed 5.0%, or (ii) the Days’ Sales Outstanding exceeds 55 days;

SECTION 3. Representations and Warranties. Each of the Seller and Servicer
hereby represents and warrants to the Administrator, Purchaser Agent, LC Bank,
Related Committed Purchaser and Market Street, as of the date hereof, as
follows:

(a) the representations and warranties of the Seller and Servicer contained in
Exhibit III of the Receivables Purchase Agreement are true and correct in all
material respects on and as of the date hereof as though made on and as of such
date (except for representations and warranties which apply as to an earlier
date, in which case such representations and warranties shall be true and
correct as of such earlier date); and

(b) no event has occurred and is continuing, or would result from this
Amendment, that constitutes a Termination Event or Unmatured Termination Event,
as set forth in Exhibit V of the Receivables Purchase Agreement.

 

2

--------------------------------------------------------------------------------

SECTION 4. Conditions Precedent. The effectiveness of this Amendment is subject
to the satisfaction of all of the following conditions precedent:

(a) The Administrator shall have received a fully executed counterpart of this
Amendment from each of the parties hereto.

(b) The Administrator shall have received such documents and certificates as the
Administrator shall have reasonably requested on or prior to the date hereof.

(c) The Administrator shall have received all fees and other amounts due and
payable to it under the Receivables Purchase Agreement and in connection with
this Amendment on or prior to the date hereof, including, to the extent
invoiced, payment or reimbursement of all fees and expenses (including fees,
charges and disbursements of counsel) required to be paid or reimbursed on or
prior to the date hereof. To the extent such fees and other amounts have not yet
been invoiced, the Seller agrees to remit payment to the applicable party
promptly upon receipt of such invoice.

(d) No Termination Event or Unmatured Termination Event, as set forth in Exhibit
V of the Receivables Purchase Agreement, shall have occurred and be continuing.

SECTION 5. Amendment. Seller, Servicer, Administrator, Purchaser Agent, LC Bank,
Related Committed Purchaser and Market Street hereby agree that the provisions
and effectiveness of this Amendment shall apply to the Receivables Purchase
Agreement as of the date hereof. Except as amended by this Amendment, the
Receivables Purchase Agreement remains unchanged and in full force and effect.
This Amendment is a Transaction Document.

SECTION 6. Counterparts. This Amendment may be executed by the parties in
separate counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute but one and the
same instrument.

SECTION 7. Captions. The headings of the Sections of this Amendment are for
convenience of reference only and shall not modify, define, expand or limit any
of the terms or provisions of this Amendment.

SECTION 8. Successors and Assigns. The terms of this Amendment shall be binding
upon, and shall inure to the benefit of, Seller, Servicer, the Administrator,
Purchaser Agent, LC Bank, Related Committed Purchaser and Market Street and
their respective successors and permitted assigns.

SECTION 9. Severability. Any provision of this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

 

3

--------------------------------------------------------------------------------

SECTION 10. Governing Law and Jurisdiction. The provisions of the Receivables
Purchase Agreement with respect to governing law, jurisdiction, and agent for
service of process are incorporated in this Amendment by reference as if such
provisions were set forth herein.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

4

--------------------------------------------------------------------------------

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

 

VWR RECEIVABLES FUNDING, LLC,
as Seller

By:  

/s/ James M. Kalinovich

Name:   James M. Kalinovich Title:   Vice President and Treasurer

 

  S-1  

Amendment No. 3 to RPA

VWR Receivables Funding, LLC

--------------------------------------------------------------------------------

VWR INTERNATIONAL, LLC,
as Servicer

By:  

/s/ James M. Kalinovich

Name:   James M. Kalinovich Title:   Vice President and Treasurer

 

  S-2  

Amendment No. 3 to RPA

VWR Receivables Funding, LLC

--------------------------------------------------------------------------------

PNC BANK, NATIONAL ASSOCIATION,
as Administrator, Purchaser Agent for the Market Street Purchaser Group and
Related Committed Purchaser,

By:  

/s/ William P. Falcon

Name:   Willliam P. Falcon Title:   Senior Vice President

 

  S-3  

Amendment No. 3 to RPA

VWR Receivables Funding, LLC

--------------------------------------------------------------------------------

MARKET STREET FUNDING LLC,
as Conduit Purchaser

By:  

/s/ Doris J. Hearn

Name:   Doris J. Hearn Title:   Vice President

 

  S-4  

Amendment No. 3 to RPA

VWR Receivables Funding, LLC

--------------------------------------------------------------------------------

PNC BANK, NATIONAL ASSOCIATION,
as the LC Bank

By:  

/s/ Mark S. Falcione

Name:   Mark S. Falcione Title:   Executive Vice President

 

  S-5  

Amendment No. 3 to RPA

VWR Receivables Funding, LLC