EXHIBIT 10.34

OMNIBUS AMENDMENT
Dated as of August 21, 2013

This OMNIBUS AMENDMENT (this “Amendment”) dated as of August 21, 2013 is entered
into among ASHLAND INC., a Kentucky corporation (“Ashland”), CVG CAPITAL III
LLC, a Delaware limited liability company (“SPV”), the Originators, the
Investors, Letter of Credit Issuers, Managing Agents and Administrators party
hereto, and THE BANK OF NOVA SCOTIA, as Agent for the Investors.
RECITALS
WHEREAS, the parties hereto have entered into a certain Transfer and
Administration Agreement dated as of August 31, 2012 (as amended, supplemented
or otherwise modified from time to time, the “TAA”) and certain related
Transaction Documents (as defined therein) in connection therewith;
WHEREAS, Aqualon Company, a Delaware partnership and Originator, on July 1, 2013
changed its name to Ashland Specialty Ingredients G.P., and ISP Synthetic
Elastomers LLC, a Delaware limited liability company and Originator, on July 1,
2013 changed its name to Ashland Elastomers LLC (together, the “Name Changes”);
WHEREAS, the parties hereto wish to amend the Transaction Documents to reflect
these name changes;
NOW, THEREFORE, in consideration of the premises and the mutual agreements
contained herein and in the Transaction Documents, the parties hereto agree as
follows:
SECTION 1. Definitions. All capitalized terms not otherwise defined herein are
used as defined in the Transaction Documents.
SECTION 2. Acknowledgment of Name Change and Waiver of Notice Requirement. Each
of the parties hereto acknowledges and consents to the Name Changes. Each of the
Agent and the Managing Agents hereby waive any notice requirements under the
Transaction Documents with respect to the Name Changes.
SECTION 3. Undertakings and Authorizations.    Ashland Specialty Ingredients
G.P. and Ashland Elastomers LLC hereby (i) authorize the Agent to file all such
UCC financing statements it deems necessary to continue the perfection of the
security interests granted under the Transaction Documents on their behalf and
at their expense; (ii) agree to provide such information or documentation
reasonably requested by the Agent or any Managing Agent to comply with its
obligations under “know your customer” and other similar rules and regulations;
and (iii) acknowledge and agree that the Liens granted under the Transaction
Documents are in all respects continuing and in full force.
SECTION 4. Effectiveness. This Amendment shall be effective on the date on which
the Agent shall have received a counterpart (or counterparts) of this Amendment,
executed and delivered by each of the parties hereto, or other evidence
satisfactory to the Agent of the execution and delivery of this Amendment by
such parties.

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SECTION 5. Miscellaneous.
5.1    Representations and Warranties. The SPV and each Originator represents
and warrants that (i) this Amendment constitutes a legal, valid and binding
obligation of such person, enforceable against it in accordance with its terms
and (ii) upon the effectiveness of this Amendment, no Termination Event or
Potential Termination Event shall exist.
5.2    References to TAA and other Transaction Documents. Upon the effectiveness
of this Amendment, each reference in the TAA and other Transaction Documents to
“this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall
mean and be a reference to the TAA and other Transaction Documents as amended
hereby, and each reference to the TAA and other Transaction Documents in any
other document, instrument or agreement executed and/or delivered in connection
with the TAA and other Transaction Documents shall mean and be a reference to
the TAA and other Transaction Documents as amended hereby.
5.3    Effect on TAA and other Transaction Documents. Except as specifically
amended above, the TAA and other Transaction Documents and all other documents,
instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed.
5.4    Costs and Expenses. The SPV hereby agrees to the pay the reasonable costs
and expenses of the Agent, including legal fees, in connection with this
Amendment within thirty (30) days of receipt of a statement therefor.
5.5    No Waiver. The execution, delivery and effectiveness of this Amendment
shall not operate as a waiver of any right, power or remedy of any Agent or any
Investor under the TAA and other Transaction Documents or any other document,
instrument or agreement executed in connection therewith, nor constitute a
waiver of any provision contained therein, except as specifically set forth
herein.
5.6    Governing Law. This Amendment, including the rights and duties of the
parties hereto, shall be governed by, and construed in accordance with, the
internal laws of the State of New York (without reference to the conflicts of
law principles thereof other than Section 5-1401 of the New York General
Obligations Law).
5.7    Successors and Assigns. This Amendment shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and
assigns.
5.8    Headings. The Section headings in this Amendment are inserted for
convenience of reference only and shall not affect the meaning or interpretation
of this Amendment or any provision hereof.
5.9     Counterparts. This Amendment may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of
which shall constitute together but one and the same agreement.

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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.
 
CVG CAPITAL III LLC, as SPV
 
 
 
 
 
 
 
By:
/s/ Lynn P. Freeman
 
Name:
Lynn P. Freeman
 
Title:
Treasurer

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ASHLAND INC., individually and as Master Servicer
 
 
 
 
 
 
 
By:
/s/ Eric N. Boni
 
Name:
Eric N. Boni
 
Title:
Vice President and Treasurer

 
ASHLAND INC., individually and as Originator
 
 
 
 
 
 
 
By:
/s/ Eric N. Boni
 
Name:
Eric N. Boni
 
Title:
Vice President and Treasurer

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HERCULES INCORPORATED, as Originator
 
 
 
 
 
 
 
By:
/s/ Eric N. Boni
 
Name:
Eric N. Boni
 
Title:
Vice President - Finance

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ASHLAND SPECIALTY INGREDIENTS G.P., as Originator
 
 
 
 
 
 
 
By:
/s/ Lynn P. Freeman
 
Name:
Lynn P. Freeman
 
Title:
Vice President/Assistant Secretary and Treasurer

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ISP TECHNOLOGIES INC., as Originator
 
 
 
 
 
 
 
By:
/s/ Lynn P. Freeman
 
Name:
Lynn P. Freeman
 
Title:
Treasurer

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ASHLAND ELASTOMERS LLC, as Originator
 
 
 
 
 
 
 
By:
/s/ Lynn P. Freeman
 
Name:
Lynn P. Freeman
 
Title:
Treasurer

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LIBERTY STREET FUNDING LLC, as a Conduit Investor and Uncommitted Investor
 
 
 
 
 
 
 
By:
/s/ Frank B. Bilotta
 
Name:
Frank B. Bilotta
 
Title:
Vice President

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MARKET STREET FUNDING LLC, as a Conduit Investor and Uncommitted Investor
 
 
 
 
 
 
 
By:
/s/ Doris J. Hearn
 
Name:
Doris J. Hearn
 
Title:
Vice President

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GOTHAM FUNDING CORPORATION, as a Conduit Investor and Uncommitted Investor
 
 
 
 
 
 
 
By:
/s/ David V. DeAngelis

 
Name:
David V. DeAngelis

 
Title:
Vice President

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THE BANK OF NOVA SCOTIA, as Agent, as a Letter of Credit Issuer, as a Managing
Agent, Administrator and Committed Investor for the Scotiabank Investor Group
 
 
 
 
 
 
 
By:
/s/ Darren Ward
 
Name:
Darren Ward
 
Title:
Director

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Managing Agent and Administrator for
the BTMU Investor Group
 
 
 
 
 
 
 
By:
/s/ Eric Williams
 
Name:
Eric Williams
 
Title:
Managing Director

 
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Letter of Credit Issuer and
Committed Investor for the BTMU Investor Group
 
 
 
 
 
 
 
By:
/s/ Mark S. Campbell
 
Name:
Mark S. Campbell
 
Title:
Authorized Signatory

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PNC BANK, NATIONAL ASSOCIATION, as a Letter of Credit Issuer, Managing Agent,
Administrator and Committed Investor for the PNC Investor Group
 
 
 
 
 
 
 
By:
/s/ Robyn Reeher
 
Name:
Robyn Reeher
 
Title:
Vice President

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SUNTRUST BANK, as a Letter of Credit Issuer, a Committed Investor, the Managing
Agent and Administrator for the SunTrust Investor Group
 
 
 
 
 
 
 
By:
/s/ Jason Meyer
 
Name:
Jason Meyer
 
Title:
First Vice President

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