Exhibit 10.5
 
OMNIBUS AMENDMENT NO. 1
 
This OMNIBUS AMENDMENT NO. 1, dated as of July 22, 2013 (this “Amendment”), is
entered into among HSFR, INC., a Delaware corporation, as seller (the “Seller”),
HENRY SCHEIN INC., a Delaware corporation, as initial servicer (in such
capacity, together with its successors and permitted assigns in such capacity,
the “Servicer”) and as performance guarantor, THE ORIGINATORS LISTED ON THE
SIGNATURE PAGES HERETO (the “Originators”), THE PURCHASERS LISTED ON THE
SIGNATURE PAGES HERETO (the “Purchasers”), THE PURCHASER AGENTS LISTED ON THE
SIGNATURE PAGES HERETO (the “Purchaser Agents”) and THE BANK OF TOKYO-MITSUBISHI
UFJ, LTD., NEW YORK BRANCH, as agent (in such capacity, together with its
successors and assigns in such capacity, the “Agent”) for each Purchaser Group.
 
BACKGROUND
 
The Seller, Servicer, Purchasers, Purchaser Agents and Agent are also parties to
a Receivables Purchase Agreement, dated as of April 17, 2013 (as amended,
restated, supplemented or otherwise modified from time to time, the “Receivables
Purchase Agreement”). The Originators and the Seller are also parties to a
Receivables Sale Agreement, dated as of April 17, 2013 (as amended, restated,
supplemented or otherwise modified from time to time, the “Receivables Sale
Agreement”).  The parties are entering into this Amendment to amend or otherwise
modify the Receivables Purchase Agreement and the Receivables Sale Agreement
(collectively, the “Agreements”).
 
AGREEMENT
 
1.           Definitions.  Capitalized terms are used in this Amendment as
defined in Exhibit I to the Receivables Purchase Agreement.
 
2.           Amendments to Receivables Purchase Agreement.  The parties to the
Receivables Purchase Agreement agree that the Receivables Purchase Agreement is
hereby amended as follows:
 
(a)           Section 7.1(p). Clause (i) of Section 7.1(p) of the Receivables
Purchase Agreement is herebey amended to replace the phrase "chief financial
officer" with the phrase "chief financial officer or treasurer";
 
(b)           Exhibit I to the Receivables Purchase Agreement. The definition of
“Settlement Reporting Date” in Exhibit I to the Receivables Purchase Agreement
is hereby amended by replacing the text “20th day of each month immediately
following the Cut-Off Date” with the text “21st day immediately following the
most recent Cut-Off Date”.
 
(c)           Exhibit I to the Receivables Purchase Agreement.  The definition
of “Dilution Horizon Ratio” in Exhibit I to the Receivables Purchase Agreement
is hereby amended and restated in its entirety to read as follows:
 
“Dilution Horizon Ratio” means as of any date, a ratio (expressed as a
percentage), computed as of the last day of the most recently ended Calculation
Period by dividing (i) the sum of the aggregate amount of gross sales of the
Originators generated during the most recently ended Calculation Period by (ii)
the amount equal to the Non-Defaulted Receivables Balance as of the last day of
the most recently ended Calculation Period.
 
 
 

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(d)           Exhibit XIV to the Receivables Purchase Agreement. Exhibit XIV to
the Receivables Purchase Agreement is hereby replaced by Schedule A attached
hereto.
 
3.           Amendment to Receivables Sale Agreement.  The parties to the
Receivables Sale Agreement agree that clause (b) of Section 1.2 of the
Receivables Sale Agreement is hereby amended by replacing the text “On the 20th
day of each month hereafter” with the text “On the 21st day immediately
following the most recent Cut-Off Date”.
 
4.           Conditions.  The amendments described in Sections 2 and 3 above
shall become effective upon the first date on which this Amendment shall have
been executed and delivered by each party hereto.
 
5.           Representations and Warranties; Covenants.  Each of the Seller and
the Servicer (on behalf of the Seller) hereby certifies, represents and warrants
to the Agent, each Purchaser Agent and each Purchaser that on and as of the date
hereof:
 
(a)           each of its representations and warranties contained in Article V
of the Receivables Purchase Agreement is true and correct, in all material
respects, on and as of the date hereof; and
 
(b)           no Termination Event or Unmatured Termination Event exists.
 
6.           Ratification.  This Amendment constitutes an amendment to the
Agreements.  After the execution and delivery of this Amendment, all references
to the Agreements in any document shall be deemed to refer to the Agreements as
amended by this Amendment, unless the context otherwise requires.  Except as
amended above, the Agreements are hereby ratified in all respects.  Except as
set forth above, the execution, delivery and effectiveness of this Amendment
shall not operate as an amendment or waiver of any right, power or remedy of the
parties hereto under the Agreements, nor constitute an amendment or waiver of
any provision of the Agreements.  This Amendment shall not constitute a course
of dealing among the parties hereto at variance with the Agreements such as to
require further notice by any of the Agent, the Purchaser Agents or the
Purchasers to require strict compliance with the terms of the Agreements in the
future, as amended by this Amendment, except as expressly set forth
herein.  Each of the Seller, the Servicer and each Originator hereby
acknowledges and expressly agrees that each of the Agent, the Purchaser Agents
and the Purchasers reserves the right to, and does in fact, require strict
compliance with all terms and provisions of the Agreements, as amended herein.
 
7.           Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.  Counterparts of this
Amendment may be delivered by facsimile transmission or other electronic
transmission, and such counterparts shall be as effective as if original
counterparts had been physically delivered, and thereafter shall be binding on
the parties hereto and their respective successors and assigns.
 
8.           Governing Law.  This Amendment shall be governed by, and construed
in accordance with the law of the State of New York without regard to the
principles of conflicts of law thereof (other than Sections 5-1401 and 5-1402 of
the New York General Obligations Law).
 
2
 

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9.           Section Headings.  The various headings of this Amendment are
inserted for convenience only and shall not affect the meaning or interpretation
of this Amendment, the Agreement or any other Transaction Document or any
provision hereof or thereof.
 
10.         Transaction Document.  This Amendment shall constitute a Transaction
Document under the Agreement.
 
11.         Ratification of Performance Undertaking.  After giving effect to
this Amendment and the transactions contemplated hereby, all of the provisions
of the Performance Undertaking shall remain in full force and effect and the
Performance Guarantor hereby ratifies and affirms the Performance Undertaking
and acknowledges that the Performance Undertaking has continued and shall
continue in full force and effect in accordance with its terms.
 
[Signature Pages Follow]
 
3
 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers hereunto duly authorized as of the day and
year first above written.
 

 
HSFR INC.,
 
as Seller
         
By: /s/ Ferdinand G. Jahnel
 
      Name: Ferdinand G. Jahnel
 
      Title:   Treasurer

 

 
HENRY SCHEIN, INC.,
 
as Servicer, Originator and Performance Guarantor
         
By: /s/ Steven Paladino
 
      Name: Steven Paladino
 
      Title:   Executive Vice President and Chief
 
                  Financial Officer

 

 
S-1
Omnibus Amendment No. 1

 
 
 

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HENRY SCHEIN PUERTO RICO, INC.,
 
as Originator
         
By: /s/ Steven Paladino
 
      Name: Steven Paladino
 
      Title:   Executive Vice President and Chief
 
                  Financial Officer

 
INSOURCE, INC.,
 
as Originator
         
By: /s/ Steven Paladino
 
      Name: Steven Paladino
 
      Title:   Executive Vice President and Chief
 
                  Financial Officer

 
CAMLOG USA, INC.,
 
as Originator
         
By: /s/ Steven Paladino
 
      Name: Steven Paladino
 
      Title:   Executive Vice President

 

 
S-2
Omnibus Amendment No. 1

 
 
 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 
NEW YORK BRANCH, as Purchaser Agent for the
 
Victory Purchaser Group
         
By: /s/ Luna Mills
 
      Name: Luna Mills
 
      Title:   Director

 
VICTORY RECEIVABLES CORPORATION,
 
as Conduit Purchaser
         
By: /s/ David V. DeAngelis
 
      Name: David V. DeAngelis
 
      Title:   Vice President

 

 
S-3
Omnibus Amendment No. 1

 
 
 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 
NEW YORK BRANCH,
 
as Agent
         
By: /s/ Luna Mills
 
      Name: Luna Mills
 
      Title:   Director

 

 
S-4
Omnibus Amendment No. 1

 
 
 

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Schedule A to Omnibus Amendment No. 1

Exhibit XIV
 

                       
HENRY SCHEIN
               
Accounting Period - Schedule
                                 
Calculation Period
 
Reporting Date
(3-Weeks after
End)
 
Settlement Date
(Reporting Date
+ 2 BD)
                         
Start
 
End
       
2013
 
Jan
12/30/2012
 
2/2/2013
 
2/25/2013
 
2/27/2013
   
Feb
2/3/2013
 
3/2/2013
 
3/25/2013
 
3/27/2013
   
Mar
3/3/2013
 
3/30/2013
 
4/22/2013
 
4/24/2013
   
Apr
3/31/2013
 
4/27/2013
 
5/20/2013
 
5/22/2013
   
May
4/28/2013
 
6/1/2013
 
6/24/2013
 
6/26/2013
   
Jun
6/2/2013
 
6/29/2013
 
7/22/2013
 
7/24/2013
   
Jul
6/30/2013
 
8/3/2013
 
8/26/2013
 
8/28/2013
   
Aug
8/4/2013
 
8/31/2013
 
9/23/2013
 
9/25/2013
   
Sept
9/1/2013
 
9/28/2013
 
10/21/2013
 
10/23/2013
   
Oct
9/29/2013
 
11/2/2013
 
11/25/2013
 
11/27/2013
   
Nov
11/3/2013
 
11/30/2013
 
12/23/2013
 
12/26/2013
   
Dec
12/1/2013
 
12/28/2013
 
1/21/2014
 
1/23/2014
                   
2014
 
Jan
12/29/2013
 
2/1/2014
 
2/24/2014
 
2/26/2014
   
Feb
2/2/2014
 
3/1/2014
 
3/24/2014
 
3/26/2014
   
Mar
3/2/2014
 
3/29/2014
 
4/21/2014
 
4/23/2014
   
Apr
3/30/2014
 
4/26/2014
 
5/19/2014
 
5/21/2014
   
May
4/27/2014
 
5/31/2014
 
6/23/2014
 
6/25/2014
   
Jun
6/1/2014
 
6/28/2014
 
7/21/2014
 
7/23/2014
   
Jul
6/29/2014
 
8/2/2014
 
8/25/2014
 
8/27/2014
   
Aug
8/3/2014
 
8/30/2014
 
9/22/2014
 
9/24/2014
   
Sept
8/31/2014
 
9/27/2014
 
10/20/2014
 
10/22/2014
   
Oct
9/28/2014
 
11/1/2014
 
11/24/2014
 
11/26/2014
   
Nov
11/2/2014
 
11/29/2014
 
12/22/2014
 
12/24/2014
   
Dec
11/30/2014
 
12/27/2014
 
1/20/2015
 
1/22/2015
                   
2015
 
Jan
12/28/2014
 
1/31/2015
 
2/23/2015
 
2/25/2015
   
Feb
2/1/2015
 
2/28/2015
 
3/23/2015
 
3/25/2015
   
Mar
3/1/2015
 
3/28/2015
 
4/20/2015
 
4/22/2015
   
Apr
3/29/2015
 
4/25/2015
 
5/18/2015
 
5/20/2015
   
May
4/26/2015
 
5/30/2015
 
6/22/2015
 
6/24/2015
   
Jun
5/31/2015
 
6/27/2015
 
7/20/2015
 
7/22/2015
   
Jul
6/28/2015
 
8/1/2015
 
8/24/2015
 
8/26/2015
   
Aug
8/2/2015
 
8/29/2015
 
9/21/2015
 
9/23/2015

 

 
S-5
Omnibus Amendment No. 1

 
 

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    Sept  8/30/2015    9/26/2015    10/19/2015    10/21/2015      Oct 
9/27/2015    10/31/2015    11/23/2015    11/25/2015     
Nov
11/1/2015
 
11/28/2015
 
12/21/2015
 
12/23/2015
   
Dec
11/29/2015
 
12/26/2015
 
1/19/2016
 
1/21/2016
                   
2016
 
Jan
12/27/2015
 
1/30/2016
 
2/22/2016
 
2/24/2016
   
Feb
1/31/2016
 
2/27/2016
 
3/21/2016
 
3/23/2016
   
Mar
2/28/2016
 
3/26/2016
 
4/18/2016
 
4/20/2016
   
Apr
3/27/2016
 
4/23/2016
 
5/16/2016
 
5/18/2016
   
May
4/24/2016
 
5/28/2016
 
6/20/2016
 
6/22/2016
   
Jun
5/29/2016
 
6/25/2016
 
7/18/2016
 
7/20/2016
   
Jul
6/26/2016
 
7/30/2016
 
8/22/2016
 
8/24/2016
   
Aug
7/31/2016
 
8/27/2016
 
9/19/2016
 
9/21/2016
   
Sept
8/28/2016
 
9/24/2016
 
10/17/2016
 
10/19/2016
   
Oct
9/25/2016
 
10/29/2016
 
11/21/2016
 
11/23/2016
   
Nov
10/30/2016
 
11/26/2016
 
12/19/2016
 
12/21/2016
   
Dec
11/27/2016
 
12/31/2016
 
1/23/2017
 
1/25/2017

 

 
S-6
Omnibus Amendment No. 1