Exhibit
      4.14

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THIS AGREEMENTis made as of September 28, 2001 (as amended and restated on July 18, 2002 and on
November 30, 2005)

BETWEEN

|(1) | BUHRMANN SILVER US LLC,
        a limited liability company formed under the law of the State of Delaware
        whose registered office is at Corporate Trust Center, 1209 Orange Street,
        Wilmington, Delaware and whose principal place of business is at 1 Environmental
        Way, Broomfield, Colorado 80021-3416 (the US
    Master Purchaser);                                                                                                                                                                                                                                                                               
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(2) | BUHRMANN SILVER FINANCING, LLC,
        a limited liability company formed under the law of the State of Delaware
        whose registered office is at Corporate Trust Center, 1209 Orange Street,
        Wilmington, Delaware and whose principal place of business is c/o Global
        Securitisation Services LLC, 114 West 47th Street,
        Suite 1715, New York, New York, 10036 (the Silver
    Note Issuer);                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(3) | SILVER FUNDING LIMITED,
    a public company incorporated with limited liability in Jersey (registered
          number 78721) whose registered office is at Whiteley Chambers, Don
          Street, St Helier, Jersey, Channel Islands (the MTN
          Issuer and,
          together with the Silver Note Issuer and any other person that accedes
          to the terms of this Agreement from time to time pursuant to Clause
    15, the Buhrmann
    US Note Purchasersand
    each a Buhrmann
    US Note Purchaser);                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(4) | DEUTSCHE TRUSTEE COMPANY LIMITED(formerly
        known as Bankers Trustee Company Limited), a limited liability company
        incorporated in England and Wales (registered number 338230) whose registered
        officeis
        at Winchester House, 1 Great Winchester Street, London EC2N 2DB acting
        as security agent under the US Master Purchaser Security Agreement (the Security
        Agent,
        which expression shallinclude
        such person and all other person or persons for the time being acting
        as the security agent or agents pursuant to the US Master Purchaser Security
    Agreement);
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(5) | BUHRMANN STAFDIENSTEN B.V.,
    a limited liability company incorporated in The Netherlands whose registered
        office is at Hoogoorddreef 62, 1101 BE Amsterdam Zuidoost, the Netherlands
        (the Master
        Servicer);
    and                                                                                                                                                                                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(6) | BUHRMANN N.V.,
          a company incorporated in the Netherlands whose registered office is
          atHoogoorddreef
    62, 1101 BE Amsterdam Zuidoost, the Netherlands (theParent).                                                                                                                                                                                                                                                                                                                                                                                                                                                       

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WHEREAS:

|(A) | The US Master Purchaser proposes from time to time to acquire Receivables, together with the benefit of the Ancillary Rights relating thereto, from the US Originators on the terms and subject to the conditions set out in the US Contribution Agreement.                                                                                                                                                          
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                      
|(B) | The US Master Purchaser proposes to apply the proceeds from the issue of discounted Buhrmann US Notes to the Buhrmann US Note Purchasers from time to time in accordance with the terms of this Agreement to make distributions to the US Originators in respect of the Initial Purchase Price of the Securitised US Receivables in accordance with the terms of the LLC Agreement and the US Contribution Agreement.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                      
|(C) | In order to secure its obligations under, among other things, the Buhrmann US Notes and this Agreement, the US Master Purchaser has granted security over certain of its assets and undertaking to the Security Agent for the benefit of the US Master Purchaser Secured Parties pursuant to the US Master Purchaser Security Agreement and the other US Master Purchaser Security Documents.                        

IT IS AGREEDas
follows:

|DEFINITIONS AND INTERPRETATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.1    Capitalized
        terms in this Agreement (including the Recitals) shall, except where
        the context otherwise requires and save where otherwise defined herein,
        bear the meanings ascribed to them in the Master Definitions and Framework
        Deed executed by, among others, each of the parties hereto on 27 September
        2000 (as amended and restated on 28 September 2001, July 18, 2002 and
        November 30, 2005 and as the same may be further amended, varied or supplemented
        from time to time with the consent of the parties to it) (the Framework
        Deed)
        and this Agreement shall be construed in accordance with the principles
    of construction set out therein.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|In addition,
        this Agreement shall have expressly and specifically incorporated into
        it the provisions set out in the Framework Deed (hereafter referred to
        as the Provisions),
        as though the same were set out in full in this Agreement mutatis
        mutandis.
        In the event of any conflict between the provisions of this Agreement
    and the Provisions, the Provisions shall prevail.                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.2    This
        Agreement is the US Master Purchaser Funding Agreement referred to in
    the Framework Deed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|THE US SECURITISATION FACILITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|2.1    The
        Buhrmann US Note Purchasers agree, upon the terms and subject to the
        conditions set out in this Agreement, to respectively purchase Buhrmann
        US Notes denominated in US dollars issued by the US Master Purchaser
    from time to time:                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

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|(a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | during
        the US Securitisation CP Availability Period to the Silver Note Issuer
        Buhrmann US Notes having an aggregate Face Value of up to but not exceeding
        the US Dollar Securitisation CP Limit plus the sum of the Silver Capital
        Contribution Amounts and the Estimated
Funding Costs;
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         
|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | during
        the US Securitisation MTN Availability Period to the MTN Issuer Buhrmann
        US Notes having an aggregate Face Value of up to but not exceeding the
        MTN Programme Limit, to
the extent available; and                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         
|(c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | during
        the period specified in any Buhrmann US Note Purchaser Accession Letter
        substantially in the form set out in Part I of Schedule 5, to the relevant
        Buhrmann US Note Purchaser Buhrmann US Notes having an aggregate Face
        Value of up to the amount specified
therein.            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         
|2.2    It
        is hereby acknowledged and agreed that the Buhrmann US Note Purchasers
        are to be beneficiaries of the security interest created pursuant to
        the US Master Purchaser Security Agreement granted by the US Master Purchaser
    in favor of the Security Agent.                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|2.3         The Silver Note Issuer may by giving the US Master Purchaser not less
        than five Business Days prior written notice to that effect, cancel the
        whole or any part (being an amount or integral multiple of US$5 million)
    of any unutilized portion of the US Dollar Securitisation CP Limit.Any
    notice given by the Silver Note Issuer pursuant to this Clause 2.3 shall
    be irrevocable, and Clause 7.5 shall apply in respect of any cancellation
    of the US Securitisation Facility effected thereby.                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|2.4         The US Master Purchaser may, on the terms and subject to the conditions
        set out in the MTN Programme Agreement, request that the MTN Programme
    Limit be increased.                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|PURPOSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|3.1         The US Securitisation Facility is intended (a) to provide the US Master
        Purchaser with financing to make distributions to the US Originators
        in respect of Securitised US Receivables contributed by the relevant
        US Originator and (b) to provide the US Master Purchaser with financing
        to repay any previously issued Buhrmann US Notes and, accordingly, the
        US Master Purchaser shall apply all amounts raised by it under the US
    Securitisation Facility in or towards satisfaction of such purposes.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|3.2         Without in any way affecting the obligations of the US Master Purchaser,
        the Buhrmann US Note Purchasers are not bound to monitor or verify the
    application of amounts raised by the US Master Purchaser hereunder.                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|CONDITIONS PRECEDENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|4.1         Save as the Silver Note Issuer may otherwise agree, the US Master Purchaser
        may not issue the first Buhrmann US Note Issue Notice hereunder until
        the Silver Note Issuer has notified the US Master Purchaser and the Security
        Agent that the conditions precedent set out in Clause 12 of the Framework
    Deed have been satisfied.                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

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|4.2    Save
        as the MTN Issuer may otherwise agree, the US Master Purchaser may not
        issue the first Buhrmann US Note Issue Notice to it hereunder until the
        MTN Issuer has notified the US Master Purchaser and the Security Agent
        that the conditions precedent set out in Clause 3(1) of the MTN Programme
    Agreement have been satisfied.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                              

|UTILIZATION OF THE US SECURITISATION FACILITY                                                                                                                                                                                     
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                  
|Delivery of Buhrmann US Note Issue Notice                                                                                                                                                                                         
|                                                                                                                                                                                                                                  
|5.1(a)                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                  
|(b)                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                  
|Form of Buhrmann
    US Note Issue Notice                                                                                                                                                                                         
|                                                                                                                                                                                                                                  
|5.2          Each Buhrmann US Note Issue Notice shall be irrevocable, shall be accompanied
        by the delivery of a Master Servicers Daily Report in respect of
    the immediately preceding Business Day and shall specify:
|                                                                                                                                                                                                                                  
|(a)                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                  
|(b)                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                  

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (iii)                                                                              | the Redemption Date of such Buhrmann US Note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|5.3      Delivery
      of a Buhrmann US Note Issue Notice pursuant to Clause 5.1 shall constitute
      an irrevocable offer by the US
      Master Purchaser binding upon
      it to issue the Buhrmann US Notes described therein to the relevant Buhrmann
    US Note Purchaser and a representation by the US Master Purchaser that  (i) each
    of the statements set out in Schedule 4 to this Agreement is true as of the
    date of the Buhrmann US Note Issue Notice, (ii) no US Stop Funding Event
    (or, for the avoidance of doubt, Early US Amortisation Event) has occurred
    and is continuing with respect to US dollars and (iii) no US Master Purchaser
    Event of Default or Potential US Master Purchaser Event of Default has occurred
    and is continuing.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|5.4     	Upon
    delivery of a Buhrmann US Note Issue Notice, if:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | the Buhrmann US Note Issue Notice
    meets the requirements of Clause 5.2;       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | in the case of any Buhrmann US
    Note to be purchased by the Silver Note Issuer:
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (i)                                                                                | the Face Value of the Buhrmann
      US Notes then outstanding less the Silver Capital Contribution Amounts
      and the Estimated Funding Costs as calculated on the proposed Buhrmann
      US Note Issue Date in respect of the relevant Buhrmann US Note to be issued
      and assuming that such Buhrmann US Note and any other Buhrmann US Note
      proposed to be issued prior to such proposed Buhrmann US Issue Date have
      in fact been so issued does not exceed the US Dollar Securitisation CP
    Limit as at such proposed Buhrmann US Note Issue Date; and                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (ii)                                                                               | the Silver Note Issuer will have
      available to it in cleared funds on the proposed Buhrmann US Note Issue
      Date in respect of the relevant Buhrmann US Note to be issued, the Silver
      Capital Contribution Amounts in US dollars from the Silver Parent in an
      aggregate amount sufficient to support the purchase by the Silver Note
      Issuer of the relevant Buhrmann US Notes proposed to be issued to it and
      to maintain the Erasmus CP Notes issued by the CP Issuer at their then
      current rating, in each case subject to and in accordance with the terms
      of the Silver Note Purchase Agreement;
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | in the case of any Buhrmann US
    Note to be purchased by the MTN Issuer:        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (i)                                                                                | after giving effect to the issue
      of the MTNs the proceeds of which are to be used to purchase the Buhrmann
      US Notes, which are the subject of such Buhrmann US Note Issue Notice,
    the MTN Programme Limit is not exceeded;                                                                                                                                                                                                                                                                                                                                                                                                       

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|                                                                                                                                                                                                                                                                                                | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                           | the conditions precedent (other than the
          issue of such Buhrmann US Notes) set out in the MTN Programme Agreement
    have been satisfied; and
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                          | the Buhrmann US Note Issue Date and the
          maturity date of the Buhrmann US Note to be issued are Interest Payment
    Dates;                   
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|(d)                                                                                                                                                                                                                                                                                             | the Buhrmann US Note Discount Rate in respect
        of the Buhrmann US Note which is the subject of such Buhrmann US Note
        Issue Notice is not less than the rate notified from time to time by
        such Buhrmann US Note Purchaser to the US Master Purchaser having regard
        to that Buhrmann US Note Purchasers
Estimated Funding Costs;                                                                                               
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|(e)                                                                                                                                                                                                                                                                                             | the Redemption
          Date of the Buhrmann US Note proposed to be issued shall be no more
    than 183 days after the proposed Buhrmann US Note Issue Date;                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|(f)                                                                                                                                                                                                                                                                                             | no US Stop Funding
        Event (or, for the avoidance of doubt, Early US Amortisation Event) has
        occurred and is continuing, provided that this condition shall not apply
        in the case of the Silver Note Issuer if the Buhrmann US Note proposed
        to be issued has the same or lesser Discounted Value as the Buhrmann
        US Note held by the Silver Note Issuer being redeemed on the proposed
    Buhrmann US Note Issue Date;
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|(g)                                                                                                                                                                                                                                                                                             | no US Master Purchaser
        Event of Default or Potential US Master Purchaser Event of Default has
        occurred in respect of any Buhrmann US Note on or prior to the proposed
        Buhrmann US Note Issue Date in respect of which the relevant Buhrmann
    US Note is to be issued; and                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|(h)                                                                                                                                                                                                                                                                                             | the sum of the
          Subscription Prices of all Buhrmann US Notes issued on the proposed
          Buhrmann US Note Issue Date in respect of such Buhrmann US Note is
    at least US$500,000,                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                        
|then the Buhrmann
        US Note specified in the Buhrmann US Note Issue Notice shall be issued
        to the relevant Buhrmann US Note Purchaser in accordance with Clause
        5.5, and the relevant Buhrmann US Note Purchaser shall be required to
    purchase such Buhrmann US Note.

Registration of Buhrmann US Notes

|5.5(a) | The US Master Purchaser undertakes to, and
        covenants with each Buhrmann US Note Purchaser and the Security Agent
        that, on the Buhrmann US Note Issue Date, the US Master Purchaser will
        register or will cause to be registered such Buhrmann US Note Purchaser
        as the Buhrmann US Noteholder in the Register in respect of Buhrmann
        US Notes issued to such Buhrmann US Note Purchaser on such Buhrmann US
        Note Issue Date, and as the sole person with a right to payments of principal
    of, and any stated interest on, such Buhrmann US Notes.
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Upon written request from
          any Buhrmann US Note Purchaser (or the Security Agent on its behalf),
          the US Master Purchaser shall procure the issue and delivery to such
          Buhrmann US Note Purchaser of a Buhrmann US Note Certificate in the
          form set out in Schedule 2 or such other form as may from time to time
          be agreed between the US Master Purchaser and the Buhrmann US Note
          Purchasers in respect of any Buhrmann US Note referred to in a Buhrmann
          US Note Issue Notice not later than the date which falls five Business
    Days after receipt of such written request.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Payment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|5.6      Subject to
        Clause 12, a Buhrmann US Note Purchaser shall pay to the US Master Purchaser
        Transaction Account on the relevant Buhrmann US Note Issue Date (for
        value on that date) the Subscription Price for the Buhrmann US Note to
    be issued to it on such date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Subscription
    Price                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|5.7      The Subscription Price payable for
      each Buhrmann US Note shall be an amount equal to its Discounted Value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Form of Buhrmann
    US Notes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|5.8      Each Buhrmann
          US Note issued by the US Master Purchaser pursuant to this Agreement
    shall be:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|TERMS AND
    CONDITIONS OF THE BUHRMANN US NOTES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|6.1      The US Master
        Purchaser hereby covenants in favor of the Silver Note Issuer and each
        Buhrmann US Noteholder from time to time that it will duly perform and
        comply with the obligations expressed to be undertaken by it in each
        Buhrmann US Note Certificate and in the Buhrmann US Note Conditions (and
        for this purpose any reference in the Buhrmann US Note Conditions to
        any obligation or payment under or in respect of any Buhrmann US Note
        shall be construed to include a reference to any obligation or payment
        under or pursuant to this provision). The US Master Purchaser hereby
        acknowledges the right of every Buhrmann US Noteholder from time to time
    to the production of this Agreement.

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|6.2      The covenant set out in Clause 6.1 shall
        inure to the benefit of each Buhrmann US Note Purchaser and each Buhrmann
        US Noteholder and its (and any subsequent) successors and assigns, each
        of which shall be entitled severally to enforce the covenant set out
    in Clause 6.1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|6.3      Each Buhrmann US Noteholder shall be
        entitled, with the prior written consent of the US Master Purchaser,
        to transfer or assign all or any of its rights and benefits in respect
        of this Clause 6; provided that the US Master Purchaser acknowledges
        that the MTN Issuer will assign all of its rights and benefits hereunder
        to the MTN Security Trustee and that the Silver Note Issuer will assign
    all of its rights and benefits hereunder to the Silver Security Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|6.4      The Buhrmann US Notes shall have the
        terms and conditions in the form or substantially in the form set out
        in Schedule 4, as the same may from time to time be modified or amended
    in accordance with their terms.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|TAXES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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|7.1      All sums payable in respect of the Buhrmann
        US Notes shall be paid free and clear of, and without withholding or
        deduction for, or on account of, any Tax unless the US Master Purchaser
        is required by law to make such a payment subject to the withholding
        or deduction of Tax, in which case, the sum payable by the US Master
        Purchaser in respect of which such withholding or deduction is required
        to be made shall be increased to the extent necessary to ensure that,
        after such withholding or deduction, the relevant Buhrmann US Noteholder
        receives and retains (free from any liability in respect of any such
        deduction or withholding) an amount equal to the amount it would have
        received and retained had no such withholding or deduction been made
        or required to be made; provided, however, that the US Master Purchaser
        shall not be obligated to pay such additional amounts to the extent such
        withholding or deduction is caused by a Buhrmann US Noteholder's failure
    to comply with Clause 7.3 or 11.2(b) hereof.
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|7.2      If, at any time, the US Master Purchaser
        is required by law to make any withholding or deduction from any sum
        payable by it hereunder (or if thereafter there is any change in the
        rates at which or the manner in which such withholding or deduction is
        calculated), the US Master Purchaser shall promptly notify each Buhrmann
        US Noteholder. The US Master Purchaser shall pay the full amount required
        to be withheld or deducted to the relevant taxation or other authority
        within the time allowed for payment and, within thirty days (or upon
        later receipt of the document), deliver to the relevant Buhrmann US Noteholder
        an original receipt (or a certified copy thereof) issued by such authority
    or other evidence reasonably satisfactory to such Buhrmann US Noteholder.                                                                                                                                                                                                                                                                                    

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|7.3      Each Buhrmann US Noteholder
        shall provide, at the time it becomes a Buhrmann US Noteholder and, to
        the extent it is eligible to do so, from time to time upon written request
        of the US Master Purchaser, a US Internal Revenue Service Form W-9 or
        W-8BEN, as applicable, or such other documentation as is necessary to
        claim exemption from US withholding tax on payments of interest on the
    Buhrmann US Notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|7.4      If at any time the US Master
        Purchaser or any US Originator is required by law to pay to any governmental
        authority any Tax because of any Buhrmann US Noteholder's failure to
        comply with the requirements described in Clause 7.3 or Clause 11.2(b)
        hereof, the Buhrmann US Noteholder will pay to the US Master Purchaser,
        or the US Originator, upon demand, an amount which, after being reduced
        by any withholding Tax imposed on the receipt or accrual of such amounts,
        will put the US Master Purchaser or the US Originator in the same position
    had such Tax not been imposed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|7.5      Subject to Clause 7.6, if
        the US Master Purchaser is satisfied that, on the next date on which
        it is to make any payment in respect of a Buhrmann US Note, it would
        be required by law to make any withholding or deduction on account of
        any Tax from any amounts payable to a Buhrmann US Noteholder in respect
        of the Buhrmann US Notes, the US Master Purchaser may, by giving not
        less than ten Business Days notice to such Buhrmann US Noteholder and
        subject to satisfying the Security Agent that it will have the funds
    available to do so:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|Any notice given by the US
    Master Purchaser pursuant to this Clause 7.5 shall be irrevocable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|7.6      On a prepayment of Buhrmann
        US Notes pursuant to Clause 7.5(a) or on a cancellation of all or part
        of the US Dollar Securitisation CP Limit pursuant to Clause 2.3, the
        costs (if any) incurred by a Buhrmann US Noteholder as a consequence
        of the early breakage, termination or reversing of any agreement entered
        into by such Buhrmann US Noteholder for the purpose of fixing or otherwise
        hedging discount payable in respect of the Buhrmann US Notes including
        any cost incurred in liquidating or re-employing funds from third parties
        acquired or contracted for in order to fund the subscription of Buhrmann
        US Notes (breakage costs) shall be payable by the US Master
        Purchaser to such Buhrmann US Noteholder for the period up to, but excluding,
        the Redemption Date of the Buhrmann US Notes (or, in the case of a cancellation,
        for the US Securitisation CP Availability Period). To the extent that
        there are no such breakage costs, and the relevant Buhrmann US Noteholder
        receives any additional amounts as a result of such prepayment (including,
        for the avoidance of doubt, any amount received by it under any agreement
        entered into by a Buhrmann US Noteholder for the purpose of fixing or
        otherwise hedging discount payable in respect of the Buhrmann US Notes),
        the relevant Buhrmann US Noteholder shall pay such amounts to the US
        Master Purchaser so as to leave that Buhrmann US Noteholder after that
        payment, in no better or worse position that it would have been if such
    prepayment had not taken place.

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|7.7      If
        and to the extent that the US Master Purchaser pays any additional amount
        under Clause 7.1 in respect of any Tax and a Buhrmann US Noteholder receives
        and retains the benefit of a refund of Tax or credit or other relief
        against Tax otherwise payable by it which is attributable to such Tax
        (a Tax
        Credit),
        that Buhrmann US Noteholder shall, to the extent it can do so without
        prejudice to the retention of the amount of the credit, reimburse to
        the US Master Purchaser such amount as it shall at its own absolute discretion,
        acting reasonably, determine will leave that Buhrmann US Noteholder,
        after that reimbursement, in no better or worse position than it would
        have been if payment of the relevant additional amount had not been required
        (taking account of any interest paid or credited in respect of the Tax).
        Each Buhrmann US Noteholder shall have absolute discretion as to whether
        to claim any Tax Credit and shall not be under any obligation to make
        such claim and, if it does so claim, it shall have absolute discretion
        as to the extent, order and manner in which it does so and in which refunds,
        relief and credits are to be regarded as used for these purposes. No
        Buhrmann US Noteholder shall be obliged to disclose any information regarding
        its tax affairs or computations to the US Master Purchaser and its certificate
        as to the amount to be reimbursed shall, in the absence of manifest error,
    be conclusive.
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|ILLEGALITY AND MITIGATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|8.1      If
        at any time it becomes unlawful for a Buhrmann US Note Purchaser to maintain,
        make, or fund the US Securitisation Facility, or to allow it to remain
        outstanding, the relevant Buhrmann US Note Purchaser shall, as soon as
        reasonably practicable after becoming aware of the same, deliver to the
        US Master Purchaser a certificate to that effect, and unless such illegality
        is avoided in accordance with Clause 8.2, the US Dollar Securitisation
        CP Limit shall be reduced to zero and the MTN Programme Agreement shall
    be terminated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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|8.2      If
        circumstances arise which would (with the giving of any requisite notice
        or certificate or the lapse of time or the making of any determination
        or the satisfaction of any other condition) result in the events specified
        in Clause 8.1, each Buhrmann US Note Purchaser shall, as soon as reasonably
        practicable upon becoming aware of the same, notify the US Master Purchaser
        and (if the US Master Purchaser so requires, and at the US Master Purchasers
        expense, for which expense the Parent and the Master Servicer hereby
        jointly and severally agree to indemnify the US Master Purchaser) take
        such steps as may reasonably be open to it to mitigate the effects of
        such circumstances, including the transfer of its rights and obligations
        hereunder to another investor agreed by the US Master Purchaser as being
    acceptable to it, such agreement not to be unreasonably withheld or delayed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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CURRENCY OF ACCOUNT AND CURRENCY INDEMNITY

|9.1      US dollars are the currency of account
        in respect of Buhrmann US Notes and payment for each and every sum at
    any time due from the US Master Purchaser hereunder.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|9.2      If any sum due from the US Master Purchaser
        under a Buhrmann US Note or any order or judgment given or made in relation
        hereto has to be converted from the currency (the first currency)
        in which the same is payable hereunder or under such order or judgment
        into another currency (the second currency) for the purpose
        of (i) making or filing a claim or proof against the US Master Purchaser,
        (ii) obtaining an order or judgment in any court or other tribunal or
        (iii) enforcing any order or judgment given or made in relation hereto,
        the US Master Purchaser shall indemnify, on an after Tax basis, and hold
        harmless the relevant Buhrmann US Noteholder from and against any loss
        suffered as a result of any discrepancy between (a) the rate of exchange
        used for such purpose to convert the sum in question from the first currency
        into the second currency and (b) the rate or rates of exchange at which
        the Buhrmann US Noteholder may in the ordinary course of business purchase
        the first currency with the second currency upon receipt of a sum paid
        to it in satisfaction, in whole or in part, of any such order, judgment,
    claim or proof.
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|REPRESENTATIONS AND WARRANTIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|10.      Each of the US Master Purchaser, the
        Master Servicer and the Parent represents and warrants, (including for
        the avoidance of doubt on any date this agreement is amended and restated)
        to the Silver Note Issuer and the Security Agent, on the US Closing Date
        and on the date hereof, and to each additional Buhrmann US Note Purchaser
        on the date on which such Buhrmann US Note Purchaser accedes to this
        Agreement, that each of the statements set out in Schedule 4 to this
        Agreement as being applicable to it is true and accurate and each undertakes
        to notify each Buhrmann US Note Purchaser and the Security Agent as soon
        as it becomes aware of any breach of the representations and warranties
        set out in Schedule 4. The representations and warranties contained in
        Schedule 4 shall be repeated on the date of each Buhrmann US Note Issue
    Notice by the US Master Purchaser in accordance with Clause 5.3.                                                                                                                                                                                                                                                                            
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|COVENANTS AND UNDERTAKINGS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|Covenants and Undertakings of the US Master
    Purchaser and the Parent                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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|11.1      The US Master Purchaser (and, in the
        case of the covenants set out in sub-paragraphs 11(i), (q), (r), (s),
        (t) and (w) below, the Parent) hereby covenants with each Buhrmann US
        Noteholder and the Security Agent that from the date of this Agreement
    until the Final Discharge Date:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

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|(a) | Information: it will, as soon
        as practicable after receipt, deliver to the Security Agent, each Buhrmann
        US Note Purchaser and the Rating Agencies all notices or other documents
    received by it under the Servicing Agreement or the US Contribution Agreement;

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|(b) | Consents:it will promptly
        obtain, comply with the terms of and do all that is necessary and within
        its control to maintain in full force and effect all authorizations,
        approvals, licenses and consents required in or by the laws and regulations
        of any governmental or regulatory authority of any nation or any political
        subdivision thereof (whether state or local) applicable to it to enable
        it lawfully to enter into and perform its obligations under the Transaction
    Documents to which it is expressed to be a party;                                                                                                                                                                                                                                                                                                                                                                                                                          
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|(c) | Default:it will, promptly
        upon becoming aware of the same, inform each Buhrmann US Note Purchaser
        and the Security Agent of the occurrence of any Stop Funding Event, US
        Master Purchaser Event of Default or Potential US Master Purchaser Event
        of Default or any Buhrmann Termination Event or Potential Buhrmann Termination
        Event and, upon receipt of a written request to that effect from a Buhrmann
        US Note Purchaser or the Security Agent, confirm to that Buhrmann US
        Note Purchaser and the Security Agent that, save as previously notified
        to that Buhrmann US Note Purchaser and the Security Agent or as notified
        in such confirmation, no Stop Funding Event, US Master Purchaser Event
        of Default or Buhrmann Termination Event or, to the best of its knowledge
        and belief, Potential US Master Purchaser Event of Default or Potential
    Buhrmann Termination Event has occurred and is continuing;
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|(d) | No Employees or Premises:it
    will not have any employees or premises;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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|(e) | No Amendment to Transaction Documents:it
        will not make any amendment, variation or supplement to, or waive any
        material provision of, the Transaction Documents to which it is a party
        without the prior consent of the Security Agent and the Buhrmann US Note
        Purchasers and unless such amendment, variation, supplement or waiver
    satisfies the Rating Condition;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|(f) | Rights and Obligations under Transaction
            Documents:it will preserve its rights and perform
            each of its obligations under the Transaction Documents to which
    it is a party;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|(g) | No Other Business:it
        will not carry out any business or activities or incur any liabilities
    other than those envisaged by the Transaction Documents;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|(h) | Records: it will keep or procure
        the keeping of books of account and records and permit the Security Agent,
        and any person appointed by the Security Agent to whom (if when that
        person is appointed there is no continuing and unremedied US Master Purchaser
        Event of Default or Potential US Master Purchaser Event of Default) the
        US Master Purchaser has no reasonable objection, free access to them
    at any time upon reasonable notice during normal business hours;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

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|(i) | Accounts:it will prepare or
        cause to be prepared in respect of each financial year financial statements
        with respect to itself in accordance with generally accepted accounting
        principles, in the case of the US Master Purchaser, in the United States
        and, in the case of the Parent, in The Netherlands, have them audited
        by an internationally recognized firm of accountants and send a copy
        of the audited financial statements to each Buhrmann US Note Purchaser
        and the Security Agent not later than 120 days after the end of that
    fiscal year;              
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|(j) | Further Assurance:it will execute
        any further documents and do any acts and things which are within its
        power or control and execute and do anything further which is at any
        time necessary or desirable in the reasonable opinion of the Security
        Agent to give effect to this Agreement, the Buhrmann US Note Conditions
    and the other Transaction Documents to which it is a party;                                                                                                                                                                                                            
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|(k) | Notices:unless the Security
        Agent otherwise agrees in writing, it shall not publish or permit publication
        of any notice in relation to the Buhrmann US Notes other than in accordance
    with this Agreement;                                                                                                                                                                                                                                                                                                                                                                                                        
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|(l) | Meetings of Buhrmann US Noteholders:it
        shall from time to time as required or contemplated by this Agreement
        or as reasonably requested by the Security Agent, make available such
        documents as may be required by the Buhrmann US Noteholders in connection
        with meetings of Buhrmann US Noteholders;                                                                                                                                                                                                                                                                                                
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|(m) | Conduct of business:it will
        carry on and conduct its affairs in accordance with this Agreement and
        the Buhrmann US Note Conditions and the other Transaction Documents to
    which it is a party;                                                                                                                                                                                                                                                                                                                                                                                                                    
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|(n) | Cash Manager:it shall procure
        that at all times there shall be a Cash Manager in accordance with the
        Cash Management Agreement and a Master Servicer in accordance with the
    Servicing Agreement;                                                                                                                                                                                                                                                                                                                                                                                                                  
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|(o) | Performance of duties:it will
        give the Security Agent within a reasonable time after a written request
        any information and evidence reasonably required by the Security Agent
        to discharge its duties, trusts, powers, authorities and discretions
        under or pursuant to this Agreement, the Buhrmann US Note Conditions
        or any of the Transaction Documents to which the Security Agent is a
    party or by operation of law;                                                                                                                                                                
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|(p) | US Master Purchaser Security Documents:it
        shall do such actions (including without limitation, filing appropriately
        completed and duly executed copies of Uniform Commercial Code financing
        statements) in order to perfect the security interests created pursuant
    to the US Master Purchaser Security Agreement.                                                                                                                                                                                                                                                                                        
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|(q) | Restrictions on disposals:it
        will not dispose of, or otherwise deal with, the US Master Purchaser
        Collateral or any part thereof without the consent of the Security Agent,
        except in accordance with the provisions of this Agreement, the Buhrmann
        US Note Conditions or any other Transaction Document to which it is a
        party and, so far as it is within its power and control to do so, shall
        at all times comply with any direction given by the Security Agent (consistently
        with the Transaction Documents) in relation to the US Master Purchaser
        Collateral;

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|(r) | Transactions on Arms Length:it
        will enter into transactions relating to Securitised US Receivables and
        other transactions contemplated by the Transaction Documents with other
        members of the Buhrmann Group only on an arms length commercial
    basis;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(s) | Changes to the Buhrmann Operating Procedures:it
        will not, without the prior consent of each Buhrmann US Note Purchaser
        and the Security Agent (such consent not to be unreasonably withheld
        or delayed), agree to any changes to any of the Buhrmann Operating Procedures
    which could reasonably be expected to have a Material Adverse Effect;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(t) | No Petition:it shall not take
        any steps for the purpose of procuring the appointment of a Receiver,
        Manager, bankruptcy trustee or similar insolvency official, or the making
        of an order for or instituting any insolvency, winding up, composition
        or any analogous proceedings under the laws of the United States or any
        other jurisdiction in respect of the US Master Purchaser or in respect
    of any of its liabilities whatsoever;                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(u) | Restriction on Acceptance:it
        will not accept any Offer to Contribute in respect of any US Receivable
        if it has no discretion to accept such Offer to Contribute pursuant to
    Clause 3.2 of the US Contribution Agreement;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(v) | Receivables denominated in US dollars:it
        will only acquire or purchase US Receivables denominated in US dollars
    from the US Originators;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(w) | No Self-Funding:neither the
        Parent nor any other person related to the US Master Purchaser (within
        the meaning of Code Section 881(c)(3)(B) or (C)) will acquire notes or
        financing instruments from or otherwise lend to any Buhrmann US Note
    Purchaser;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|(x) | Indemnity Against Breach:it
        will indemnify and hold harmless each Buhrmann US Noteholder and the
        Security Agent on an after Tax basis in an amount equal to any cost,
        claim, loss, expense, liability or damages (including legal costs and
        out-of-pocket expenses) properly incurred or otherwise suffered by it
        in connection with any breach by it of this Agreement or any of the other
        Transaction Documents and the US Master Purchaser shall on demand, but
        in accordance with Clauses 7.3 and 8.3 of the US Master Purchaser Security
        Agreement, pay to the Buhrmann US Noteholders or the Security Agent, as
        the case may be, without any set-off, deduction or withholding whatsoever
        the amount of any such cost, claim, loss, expense,
liability or damages so suffered or incurred;

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|(y) | Rule
            144A Information: At
            any time when the US Master Purchaser is neither subject to Section
            13 or 15(d) of the United States Securities Exchange Act of 1934,
            as amended (the Exchange
            Act),
            nor exempt from reporting pursuant to Rule 12g3-2(b) under the Exchange
            Act, upon the request of any Buhrmann US Note Purchaser, the US Master
            Purchaser shall promptly furnish or cause to be furnished such information
            as is specified pursuant to Rule 144A(d)(4) under the Securities
            Act (or any successor provision thereto) to such Buhrmann US Note
            Purchaser or to a prospective purchaser of a Buhrmann US Note from
            such Buhrmann US Note Purchaser (as designated by such Buhrmann US
            Note Purchaser), in order to permit compliance by such Buhrmann US
            Note Purchaser with Rule 144A under the Securities Act in connection
            with the resale of such Buhrmann US Note by such Buhrmann US Note
    Purchaser; and
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|(z) | Maturity
            of the Buhrmann US Notes:
            it will not issue any Buhrmann US Notes under any circumstances unless
            each such Buhrmann US Note issued matures within 183 days of its
    original issuance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

Covenant of each Buhrmann US Note Purchaser

11.2   Each Buhrmann US Note Purchaser hereby covenants with the US Master Purchaser
    and the Security Agent that from the date of this Agreement or the date of
    its accession to this Agreement and until the Final US Securitisation Discharge
Date:

|(a) | Sole Business: it will not
        carry on any business other than that of raising finance, lending the
        proceeds thereof to the US Master Purchaser and entering into certain
    ancillary transactions; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|(b) | Notes Offered:it has not issued
        and, for so long as it is a Buhrmann US Noteholder, will not issue notes
        or financing instruments and otherwise has not borrowed and, for so long
        as it is a Buhrmann US Noteholder, will not borrow money from any party
        under any and all circumstances unless each such issue of notes, instruments
        or borrowings (A) in the case of the MTN Issuer, are MTNs (x)(i) issued
        in bearer form solely in accordance with the MTN Programme Agreement,
        (ii) not issued (in whole or in part) pursuant to a separate loan agreement
        with or for the benefit of a bank and (iii) offered, sold, delivered
        and paid in compliance with the requirements of US Treasury Regulations
        Section 1.163-5(c)(1) and (c)(2)(i)(D) (the TEFRA D Rules)
        or (y) issued in registered form, or (B) in the case of any Buhrmann
        US Note Purchaser other than the MTN Issuer and the Silver Note Issuer,
        are issued on terms mutually acceptable to the parties hereto and the
    US Originators.

ROLL-OVER OF BUHRMANN US NOTES

12.   Notwithstanding any provision in the Buhrmann US Note Conditions, if
    on any Redemption Date:

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|(a) | the US Master Purchaser owes any sum to a Buhrmann
        US Note Purchaser in its capacity as a Buhrmann US Noteholder in respect
        of the redemption of a Buhrmann US Note (the Maturing Buhrmann
    US Note); and
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                             
|(b) | such Buhrmann US Note Purchaser is obliged
        to subscribe for a further Buhrmann US Note (the New Buhrmann US
        Note) pursuant to the terms of this Agreement,                                                  

then

| |  | (i)                                                                                                                                                                                                                                                    | where
       the Face Value of the Maturing Buhrmann US Note is equal to the Subscription
       Price for the New Buhrmann US Note, the US Master Purchasers obligation to pay the sum referred to in Paragraph (a) above shall be discharged by way of set-off against the relevant Buhrmann US Note Purchasers
       obligation to make any payment as referred to in Paragraph (b) above;
    or                                               
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | (ii)                                                                                                                                                                                                                                                   | where the Face Value
      of the Maturing Buhrmann US Note is greater than the Subscription Price
      for the New Buhrmann US Note, sub-paragraph (i) above shall apply except
      in respect of the excess and (for the avoidance of doubt) the US Master
      Purchaser shall be obliged to pay to the relevant Buhrmann US Note Purchaser
      an amount equal to the difference between such Face Value and such Subscription
    Price; or
| |  |                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | (iii)                                                                                                                                                                                                                                                  | where the Face
       Value of the Maturing Buhrmann US Note is less than the Subscription Price
       for the New Buhrmann US Note, sub-paragraph
          (i) above shall apply and (for the avoidance of doubt) the relevant
          Buhrmann US Note Purchaser shall be obliged to pay to the US Master
          Purchaser an amount equal to the difference between such Face Value
          and such Subscription Price,                  
| |  |                                                                                                                                                                                                                                                       
| |  | and accordingly, upon due registration
      in the register of Buhrmann US Notes in respect of the New Buhrmann US
      Note and (in any case falling within sub-paragraph (ii) and (iii) above)
    upon payment of the amount therein referred to:
| |  |                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  |                                                                                                                                                                                                                                                        | (A)                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| |  |                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  |                                                                                                                                                                                                                                                        | (B)                                                                                                                                                                                                                                                                                                                                                                                                                                                   

shall be satisfied in full.

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INCREASED COSTS INDEMNITY

13.If after
    the US Closing Date, the Silver Note Issuer is charged any fee, expense or
    increased cost on account of any other party to
any of the Silver Transaction Documents having determined that a Relevant Change
has or would have the effect of reducing the rate of return on such partys
(or such partys holding companys) capital as a consequence of such
partys obligations under any of the Transaction Documents to a level below
that which such party would have achieved but for such Relevant Change, then,
the US Master Purchaser shall, within 5 Business Days of demand by the Silver
Note Issuer indemnify the Silver Note Issuer on an after tax basis in full for
each such amount.

SECURITY AGENT AS A PARTY

14.The Security Agent is a party to this Agreement for
the purposes only of taking the benefit of the rights but not the obligations
of the US Master Purchaser in respect of this Agreement, for receiving notices
in accordance with Clause 7 of the Framework Deed and for regulating the agreement
of amendments to this Agreement. The Security Agent assumes no obligations under
this Agreement.

APPOINTMENT OF ADDITIONAL BUHRMANN US NOTE PURCHASERS

|15. | (a) | The US Master Purchaser may at any time appoint
        one or more additional Buhrmann US Note Purchasers upon the terms of
    this Agreement. Any appointment shall be made by:                                                                                                                                                                                                                                                                                                                                                            
|--- | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |     | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |     | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |     | provided that no additional Buhrmann US Note
        Purchaser may be appointed hereunder unless (A) the Rating Condition
        is satisfied and (B) the existing Buhrmann US Note Purchasers consent
    to such appointment.                                                                                                                                                                                                                                                                                                              
|    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | (b) | Upon receipt of the Buhrmann US Note Purchaser
        Accession Letter and upon satisfaction of the Rating Condition and the
    consent of the existing Buhrmann US Noteholders, each Buhrmann US Note Purchaser
        shall, subject to the terms of the Buhrmann US Note Purchaser Accession
        Letter, become a party to this Agreement, vested with all authority,
       rights, powers, duties and obligations of a Buhrmann US Note Purchaser
    as if originally named as a Buhrmann US Note Purchaser under this Agreement.

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| | (c) | The US Master Purchaser shall promptly notify
        the other Buhrmann US Note Purchasers, the Security Agent, the Master
        Servicer, the Rating Agencies and the Parent of any appointment of an
        additional Buhrmann US Note Purchaser by supplying to them a copy of
        any Buhrmann US Note Purchaser Accession Letter and a related Confirmation
    Letter substantially in the form set out in Part II of Schedule 5.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOTICES

16.   Each communication to be made under this Agreement shall (except where
    expressly permitted otherwise) be made in accordance with Clause 7 of the
    Framework Deed.

NO LIABILITY AND NO PETITION

17.1   No recourse under any obligation, covenant, or agreement of the US Master
    Purchaser contained in this Agreement or any Buhrmann US Note shall be held
    against any shareholder, officer or director of the US Master Purchaser as
    such, by the enforcement of any assessment or by any proceeding, by virtue
    of any statute or otherwise, it being expressly agreed and understood that
    each of this Agreement and each Buhrmann US Note is a corporate obligation
    of the US Master Purchaser, and no personal liability shall attach to or
    be incurred by the shareholders, officers, agents, employees or directors
    of the US Master Purchaser as such, or any of them, under or by reason of
    any of the obligations, covenants or agreements of the US Master Purchaser
    contained in this Agreement, or any Buhrmann US Note, or implied therefore,
    and that any and all personal liability for breaches by such party of any
    such obligations, covenants or agreements, either at law or by statute or
    constitution, of every such shareholder, officer, agent, employee or director
    is hereby expressly waived by the other parties as a condition of and consideration
    for the execution of this Agreement.

17.2   Each Buhrmann US Note Purchaser hereby agrees with the US Master Purchaser
    (acting in any capacity whatsoever) that they shall not:

| | (i)  | take any corporate action or other steps
        or legal proceedings for the winding-up, dissolution or reorganization
        or for the appointment of a receiver, administrator, administrative receiver,
        trustee, liquidator, sequestrator or similar officer of the US Master
        Purchaser or of its revenues and assets (other than as permitted by the
    US Master Purchaser Security Documents); or
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (ii) | take any steps for the purpose of obtaining
        payment of any amounts payable to it under this Agreement or any Buhrmann
        US Note by the US Master Purchaser and shall not take any steps to recover
        any debts whatsoever owing to it by the US Master Purchaser (other than
    in accordance with the US Master Purchaser Security Documents).                                                       

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NO THIRD PARTY BENEFICIARIES

18.   Nothing in this Agreement shall be construed to create in any person
    not a party to this Agreement any rights, duties or obligations.

GOVERNING LAW; JURISDICTION; ETC

|19. | (a) | Governing Law.This Agreement shall
        be construed in accordance with, and all matters arising out of or relating
        in any way to this Agreement shall be governed by, the law of the State
    of New York.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    | (b) | Submission to Jurisdiction.The parties
        hereto hereby irrevocably and unconditionally submit, for themselves
        and their property, to the nonexclusive jurisdiction of the Supreme Court
        of the State of New York sitting in the Borough of Manhattan and of the
        United States District Court for the Southern District of New York, and
        any appellate court from any thereof, in any action or proceeding arising
        out of or relating to this Agreement, or for recognition or enforcement
        of any judgment, and each of the parties hereto hereby irrevocably and
        unconditionally agrees that all claims in respect of any such action
        or proceeding may be heard and determined in such New York State or,
        to the extent permitted by law, in such Federal court. Each of the parties
        hereto agrees that a final judgment in any such action or proceeding
        shall be conclusive and may be enforced in other jurisdictions by suit
    on the judgment or in any other manner provided by law.

TERMINATION

20.   This Agreement shall terminate upon the later
    to occur of (i) the date that is the last day of the US Securitisation Availability
    Period, (ii) the
      last day of any period specified in any Buhrmann US Note Purchaser Accession
      Letter and (iii) indefeasible payment or discharge in full of all Buhrmann
      US Notes outstanding, all other US Master Purchaser Secured Obligations
    and any and all amounts due and payable in connection therewith or hereunder.

AMENDMENTS

21.   No amendment, modification or waiver in respect of this Agreement will
    be effective unless in writing (including a writing evidenced by a facsimile
    transmission) and executed by each of the parties or confirmed by an exchange
    of electronic messages on an electronic messaging system.

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In Witnesswhereof the parties hereto have executed and delivered this amended and restated Agreement as of November 30, 2005.



BUHRMANN SILVER US LLC



|By |       
|-- | ------
|   | Name: 
|   | Title:



BUHRMANN SILVER FINANCING, LLC



|By |       
|-- | ------
|   | Name: 
|   | Title:



SILVER FUNDING LIMITED



|By |       
|-- | ------
|   | Name: 
|   | Title:



DEUTSCHE TRUSTEE COMPANY LIMITED



|By |       
|-- | ------
|   | Name: 
|   | Title:



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BUHRMANN STAFDIENSTEN B.V.



|By |       
|-- | ------
|   | Name: 
|   | Title:



BUHRMANN N.V.



|By |       
|-- | ------
|   | Name: 
|   | Title:



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SCHEDULE 1Form of Buhrmann US Note Issue Notice



|From: | Buhrmann Silver US LLC                         
|----- | -----------------------------------------------
|      |                                                
|To:   | Name
    of relevant Buhrmann US Note Purchaser

Dear Sirs,

|1. | We refer
        to the note purchase agreement (the US Master Purchaser Funding
        Agreement) dated September 28, 2001 as amended and restated on
        July 18, 2002 and on November 30, 2005 and made between the US Master
        Purchaser, the Silver Note Issuer, the MTN Issuer, the Security Agent,
        Buhrmann Stafdiensten B.V. and Buhrmann N.V. Terms defined in, or incorporated
        by reference into, the US Master Purchaser Funding Agreement shall have
    the same meanings herein as therein.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|2. | We hereby
        give you notice, pursuant to Clause 5.1 of the US Master Purchaser Funding
        Agreement, that we intend to issue a Buhrmann US Note under the US Master
    Purchaser Funding Agreement as follows:                                                                                                                                                                                                                                                                                                          

information to be specified for each Buhrmann US Note requested

|(a) | Buhrmann US Note Issue Date:                     	/     /                            
|--- | -------------------------------------------------------------------------------------
|    |                                                                                      
|(b) | Face Value:                                                       	US$        /     /
|    |                                                                                      
|(c) | Subscription Price:                                             /    /               
|    |                                                                                      
|(d) | Maturity Date:                                             /    /                    
|    |                                                                                      

|3. | We confirm
    that:
|-- | --------------------
|   |                     

|(i)   | no Stop Funding Event, US Master Purchaser
        Event of Default or Potential US Master Purchaser Event of Default has
    occurred which remains in effect;
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                
|(ii)  | each of the representations and warranties
        set out in Schedule 4 to the US Master Purchaser Funding Agreement is
    true and accurate; and            
|      |                                                                                                                                                                
|(iii) | the proceeds of the issuance of each Buhrmann
        US Note requested hereby will be applied to fund distributions in accordance
    with the LLC Agreement. 

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Yours faithfully

BUHRMANN SILVER US LLC



|By |       
|-- | ------
|   | Name: 
|   | Title:



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SCHEDULE 2Form of Buhrmann US Note Certificate

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES
    ACT OF 1933, AS AMENDED (THE SECURITIES ACT),
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION,
AND MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) (1) TO A PERSON
WHOM THE SELLER REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" (A QUALIFIED INSTITUTIONAL BUYER) WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (RULE 144A) PURCHASING FOR ITS OWN ACCOUNT, TO WHOM NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON THE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144A OR (2) TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT (REGULATION S) AND (B) INACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY RELEVANT JURISDICTION.

SERIAL NO.

BUHRMANN SILVER US LLC

a Delaware limited liability company
(theUS Master Purchaser)

US$
  Secured Zero Coupon Note due     //      (the Redemption Date)

This secured zero coupon note (the Buhrmann US Note) is issued by the US Master Purchaser subject to, and with the benefit of, the attached terms and conditions (the Buhrmann US Note Conditions). Terms used herein have the respective meanings specified in the Buhrmann US Note Conditions.

THIS IS TO CERTIFY that [
___________
] is the registered holder (the Buhrmann US Noteholder) of this Buhrmann US Note, the face value of which is US$FIGURES (WORDS US dollars) (the Face Value).

For value received, the US Master Purchaser, subject to and in accordance with
    the Buhrmann US Note Conditions, promises to pay to the registered holder
    of this Buhrmann US Note on the Redemption Date the Face Value in the manner
    specified in the Buhrmann US Note Conditions.

The Buhrmann US Note is in registered form and is not transferable in part.

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AS WITNESSthe signature of a duly authorized officer on behalf of the US Master Purchaser.

BUHRMANN SILVER US LLC





---

ISSUEDas ofBuhrmann US Note Issue Date

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FORM OF BUHRMANN US NOTE TRANSFER

For value received
..............................................................................................................
(theTransferor)
hereby transfer(s) to

.....................................................................................................................................................................................................

....................................................................................................................................................................................(theTransferee)

(Please
    print or type name and address of Transferee)

this Buhrmann US
Note (being US$ ...................................... in Face Value) and all
rights
hereunder,
hereby
irrevocably constituting and appointing .......................................
as
attorney
to
transfer
such
Buhrmann
US Note in
the Register maintained by or on behalf of the US Master Purchaser with full
power of substitution.

By its transfer hereof, the Transferor represents that it is transferring this Buhrmann US Note, and has offered this Buhrmann US Note for transfer only (i) to a person whom the Transferor reasonably believes is a Qualified Institutional Buyer purchasing this Buhrmann US Note for its own account, to whom notice is given that such transfer is being made in reliance on the exemption from registration under the Securities Act provided by Rule 144A, or (ii) to a non-U.S. person acquiring this Buhrmann US Note for its own account or for the account or benefit exclusively of non U.S. persons outside the United States in an offshore transaction in compliance with Regulation S.

Signature(s) of
Transferor ....................................

....................................

We hereby accept
this Buhrmann US Note (being $ ......................................... in Face
Value)
and
agree
to
be
bound
by
the Buhrmann US Note Conditions of this Buhrmann US Note. By its acquisition
hereof,
the Transferee
represents that it is either (i) a Qualified Institutional Buyer purchasing this
Buhrmann US Note for its own account, or (ii) it is a non-U.S. person acquiring
this Buhrmann US Note for its own account or for the account or benefit exclusively
of non-U.S. persons outside the United States in an offshore transaction in compliance
with Regulation S.

Signature(s) of
Transferee ....................................

....................................



Buhrmann Silver US LLC hereby approves the transfer.

Signature of Buhrmann Silver US LLC
....................................

Date: ....................................

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The US Registrar hereby approves the transfer.

Signature of US
Registrar ....................................

Date: ....................................

N.B.:

1.    This form of
transfer must be accompanied by such documents, evidence and information as may
be required pursuant to the Buhrmann US Note Conditions.

2.     This form of
transfer must be executed under the hand of the Transferor and the Transferee
or, if the Transferee is a corporation, either under its common seal or under
the hand of two of its officers duly authorized in writing and, in such latter
case, the document so authorizing such officers must be delivered with the form
of transfer.

3.     This transfer
will be subject to the payment by the Transferor of any stamp duty, tax or other
governmental charge as is referred to in Condition 2.3.

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SCHEDULE 3

Terms and Conditions of the Buhrmann US Notes

The following is the text of the terms and conditions of the Buhrmann US Notes which (subject to completion and amendment) will be attached to each Buhrmann US Note Certificate.

The Secured Zero Coupon Notes (theBuhrmann US Notes) of Buhrmann Silver US LLC (theUS Master Purchaser) are issued pursuant to the US Master Purchaser Funding Agreement (theUS Master Purchaser Funding Agreement) dated 28 September 2001 (theUS Closing Date) as amended and restated on July 18, 2002 and November 30, 2005 (as the same may be further amended, restated or supplemented from time to time) and made between the US Master Purchaser, Buhrmann Silver Financing, LLC (theSilver Note Issuer), Silver Funding Limited (theMTN Issuer), Buhrmann Stafdiensten B.V. (theMaster Servicer), Buhrmann N.V. (theParent) and

Deutsche Trustee Company Limited (theSecurity Agent). These terms and conditions (theBuhrmann US Note Conditions) are, in certain provisions, summaries of the US Master Purchaser Funding Agreement and subject to its detailed terms and, in the event of any inconsistency between the Buhrmann US Note Conditions and the US Master Purchaser Funding Agreement, the terms of the US Master Purchaser Funding Agreement shall prevail. The Buhrmann US Noteholders (as defined below) are bound by, and are deemed to have notice of, all the provisions of the US Master Purchaser Funding Agreement applicable to them.

The obligations of the US Master Purchaser under the Buhrmann US Notes are secured in favor of the Security Agent for itself and the registered holder of this Buhrmann US Note pursuant to the terms of a guarantee and security agreement (theUS Master Purchaser Security Agreement) dated as of September 28, 2001 as amended and restated on July 18, 2002 and November 30, 2005 (as the same may be further amended, restated or supplemented from time to time) and made between (among others) the US Master Purchaser and the Security Agent. A copy of the US Master Purchaser Funding Agreement, the US Master Purchaser Security Agreement and the Master Definitions and Framework Deed (as defined below) is available for inspection by the Buhrmann US Noteholders at the specified office of the US Registrar (as defined below) during normal business hours Monday to Friday (excluding public holidays).

Unless otherwise defined herein, terms used herein have the meanings ascribed to them in the US Master Purchaser Funding Agreement or in the master definitions and framework deed (theMaster Definitions and Framework Deed) dated September 27, 2000 as amended and restated on the US Closing Date and July 18, 2002 and November 30, 2005 (as the same may be further amended, restated or supplemented from time to time) between, among others, the Silver Note Issuer, the US Master Purchaser, the Security Agent and the US Originators.

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1.     Form, Denomination and Title

1.1     The Buhrmann
US Notes are issued in registered form and are serially numbered.

1.2     The US Master
Purchaser (in such capacity, theUSRegistrar)
will keep, at its offices, a register (theRegister)
on which shall be entered the names and addresses of the holders of the Buhrmann
US Notes and the particulars of the Buhrmann US Notes held by them.

1.3     Title to the
Buhrmann US Notes, including the right to the principal of, and stated interest
on, the Buhrmann US Notes, will pass by and upon registration of transfers in
the Register. In these Buhrmann US Note Conditions theholderof
a Buhrmann US Note means the person in whose name such Buhrmann US Note is for
the time being registered in the Register (or, in the case of a joint holding,
the first named thereof) andBuhrmann
US Noteholdershall
be construed accordingly. A certificate (each aBuhrmann
US Note Certificate)
may be issued to a Buhrmann US Noteholder in respect of its registered holding
upon written request therefor from the relevant Buhrmann US Noteholder (or the
Security Agent on its behalf). Registration of ownership of a Buhrmann US Note
shall be conclusive evidence (in the absence of manifest error) of absolute ownership
of a Buhrmann US Note.

2.     Transfers of Buhrmann US Notes

2.1Transfers

Subject to Buhrmann US Note Condition 2.4 below, a Buhrmann US Note may be transferred in whole (but not in part) upon delivery of an instrument of transfer and, if any Buhrmann US Note Certificate was delivered to the Transferor in respect of such Buhrmann US Note, surrender of such Buhrmann US Note Certificate at the specified office of the US Registrar, with the form of transfer endorsed on the Buhrmann US Note Certificate duly completed and signed by or on behalf of the Transferor, together with such evidence as the US Registrar may reasonably require to prove:

|(i)   | the title of the Transferor;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(ii)  | the authority of the individuals who have executed the form of transfer; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(iii) | that
      either (A) the Transferee is a Qualified Institutional Buyer, acquiring
      such Buhrmann US Note for its own account, or (B) the Transferee is not
      a U.S. person (as defined in Regulation S) and is acquiring such Buhrmann
      US Notes for its own account or for the account or benefit exclusively
      of non-U.S. persons outside the United States in an offshore transaction
      (as defined in Regulation S) in compliance with Regulation S, provided
      thatno
      Buhrmann US Note may be transferred to any Person other than the MTN Security
      Trustee or the Silver Security Agent without the prior written consent
      of the
US Master Purchaser (such consent not to be unreasonably withheld).

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2.2      	Registration and delivery of a Buhrmann US Note Certificate

Within five Business Days of the delivery of an instrument of transfer
and any other documentation required pursuant to Buhrmann US Note Condition 2.1
above (or such longer period as may be required to comply with any applicable
fiscal or other laws or regulations), the US Registrar will register the transfer
in question and deliver, if requested, at the US Registrars specified office
a new Buhrmann US Note Certificate with the same Face Value as the Buhrmann US
Note being transferred to the Transferee or (at the request, cost and risk of
the Transferee) send by uninsured first class mail to such address as the Transferee
may specify for the purpose. Prior to the due presentment for registration of
transfer of any Buhrmann US Note, the Buhrmann US Master Purchaser shall deem
and treat the person in whose name any Buhrmann US Note Certificate is registered
as the absolute owner and holder of such Buhrmann US Note for the purpose of
receiving payment of all amounts payable with respect to such Buhrmann US Note
and for all other purposes, and neither the Buhrmann US Master Purchaser nor
any Buhrmann US Note Purchaser will be affected by any notice to the contrary.

2.3      	No Charge

Buhrmann US Noteholders will not be required to bear the costs and expenses of
    effecting any registration of transfer or any exchange as provided above,
    except for any costs or expenses of delivery other than by regular mail and
    except that the US Master Purchaser will require the payment by a Buhrmann
    US Noteholder of a sum sufficient to cover any tax, duty or other governmental
    charge that may be imposed in relation to the registration or exchange.

2.4      	Closed Periods

No Buhrmann US Noteholder may require transfers to be registered during the period
    of five Business Days ending on the due date for any payment of principal
    in respect of any Buhrmann US Note.

2.5      	Initial US Registrar

The name of the initial US Registrar and its initial specified office are set
    out at the end of these Buhrmann US Note Conditions. The US Master Purchaser
    reserves the right at any time with the consent of the Security Agent to
    vary or terminate the appointment of the US Registrar and to appoint another
    US Registrar. Notice of any termination or appointment and of any changes
    in specified offices will be given to the Buhrmann US Noteholders promptly
    by the US Master Purchaser in accordance with Buhrmann US Note Condition
    15.

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2.6      	Legend

All Buhrmann US Note Certificates will bear a legend substantially to the following
    effect:

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED
  UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES
  ACT), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY
  OTHER JURISDICTION, AND MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY
  (A) (1) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A “QUALIFIED
  INSTITUTIONAL BUYER” (A QUALIFIED INSTITUTIONAL BUYER) WITHIN
  THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (RULE 144A)
  PURCHASING FOR ITS OWN ACCOUNT, TO WHOM NOTICE IS GIVEN THAT THE RESALE, PLEDGE
  OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON THE EXEMPTION FROM REGISTRATION
  UNDER THE SECURITIES ACT PROVIDED BY RULE 144A OR (2) TO A NON-U.S. PERSON IN
  AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES
  ACT (REGULATION S) AND (B) INACCORDANCE WITH ANY APPLICABLE
  SECURITIES LAWS OF ANY RELEVANT JURISDICTION.

3.     Status

The Buhrmann US Notes are direct, unconditional and secured obligations of the
    US Master Purchaser and shall at all times rank pari passu and without any preference or priority among themselves.

4. Security

The payment of amounts payable by the US Master Purchaser under or pursuant to
    the Buhrmann US Notes is secured by a first priority security interest over
    certain assets of the US Master Purchaser in favor of the Security Agent
    for the benefit of the US Master Purchaser Secured Parties pursuant to the
    provisions of the US Master Purchaser Security Documents.

5.     Restrictions

Save with the prior written consent of the Security Agent (which may be given
    only with the consent of the Buhrmann US Noteholders), the US Master Purchaser
    shall not, prior to the Final US Securitisation Discharge Date, or unless
    otherwise provided in or envisaged by these Buhrmann US Note Conditions or
    the Transaction Documents:

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|(a) | Restrictions
         on amendment of Limited Liability Company Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | other than to the extent required
      by statute, amend, supplement or otherwise modify its LLC Agreement or
    other constitutional documents;                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(b) | Negative pledge                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | create or permit to subsist any
      encumbrance (unless arising by operation of law) or other security interest
    whatsoever over any of its assets or undertaking;                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(c) | Restrictions on activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(d) | Disposal of assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | transfer, sell, lend, part with
      or otherwise dispose of, or deal with, or grant any option or present or
      future right to acquire any of its assets or undertakings or any interest,
    estate, right, title or benefit therein;                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(e) | Dividends or distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | pay any dividend or make any other
      distribution to its shareholders or issue any further shares except in
    accordance with the LLC Agreement;                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(f) | Borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | incur any indebtedness in respect
      of borrowed money whatsoever or give any guarantee in respect of indebtedness
    or of any other obligation of any person;                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(g) | Merger                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | consolidate or merge with any other
      person or convey or transfer its properties or assets substantially as
    an entirety to any other person;                                                                                                                                                                                                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(h) | No variation or waiver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | permit any of the Transaction Documents
      to which it is a party to become invalid or ineffective, or the priority
      of the security interests created or evidenced thereby or pursuant hereto
      to be varied or consent to any variation of, or exercise any powers of
      consent or waiver pursuant to the terms of any of the Transaction Documents
      to which it is a party, or permit any party to any of the Transaction Documents
    to which it is a party to be released from its obligations; or

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|(i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Bank accounts                                                                                                                                                                                       
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | have an interest in any bank account other
        than the US Master Purchaser Accounts, unless such account or interest
    therein is pledged to the Security Agent on terms acceptable to it; or
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                     
|(j)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Maturity of the Buhrmann US Notes:                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | issue any Buhrmann US Notes under any
          circumstances unless each Buhrmann US Note issued matures within 183
    days of its original issuance.                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                     
|6.No Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                     
|The Buhrmann US Notes do not bear interest,
        provided that if the US Master Purchaser does not pay in full all amounts
        due in respect of a Buhrmann US Note, interest will accrue from the Redemption
        Date of such Buhrmann US Note on the Face Value thereof (or unpaid part
        thereof) at the rate per annum which is equal to the Estimated Funding
        Costs of the relevant Buhrmann US Noteholder, as recalculated on each
        subsequent Calculation Date (after as well as before judgment) until
    payment in full has been made.

7. Redemption
and Purchase

7.1      	Final redemption

Unless previously redeemed, each Buhrmann US Note will be redeemed at its Face
    Value on its Redemption Date.

7.2      	Optional redemption for taxation reasons

If the US Master Purchaser is satisfied immediately prior to the
giving of the notice referred to below that on the next date on which the US
Master Purchaser is to make any payment in respect of the Buhrmann US Notes,
the US Master Purchaser would be required to deduct or withhold from any such
payment any amount for, or on account of, any Taxes, then the US Master Purchaser
may, having given not less than 10 Business Days notice to the Security
Agent and the Buhrmann US Noteholders in accordance with Buhrmann US Note Condition
15, and subject to satisfying the Security Agent that it will have the funds
available to do so, redeem all (but not some only) of the Buhrmann US Notes at
their Face Value.

7.3      	Purchase

The US Master Purchaser may not purchase Buhrmann US Notes.

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7.4      	Cancellation

All Buhrmann US Notes redeemed in full by the US Master Purchaser pursuant to
    this Buhrmann US Note Condition 7 shall be cancelled forthwith and may not
    be reissued or resold.

7.5      	Other redemption

The US Master Purchaser may not redeem the Buhrmann US Notes or any of them,
    except in accordance with the provisions of this Buhrmann US Note Condition
    7, but without prejudice to Buhrmann US Note Condition 10.

8.     Payments

Payments in respect of each Buhrmann US Note will be made on the relevant Redemption
    Date to the holder (or to the first named of joint holders) of the Buhrmann
    US Note appearing on the Register at the close of business on the date (Record Date) being the fifth Business Day before the relevant Redemption Date at its address shown on the Register on the Record Date. The payment shall be made by transfer on such Redemption Date to such account maintained by the payee with a bank as has previously been notified to the specified office of the US Registrar before the due date for payment. Payments in respect of the Buhrmann US Notes are subject in all cases to any fiscal or other laws and regulations applicable thereto in the place of payment.

|9. Taxation
|-----------
|           
|(a)        
|           
|(b)        
|           

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|10. | US Master Purchaser Events
    of Default                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(a) | Any of the following events shall
    constitute a US Master Purchaser Event of Default:                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(b) | Covenant of the US Master Purchaser                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | So long as any amount remains outstanding under the Buhrmann US Notes, the US
    Master Purchaser will forthwith upon becoming aware of any US Master Purchaser
    Event of Default or Potential US Master Purchaser Event of Default give immediate
    notice in writing thereof to the Buhrmann US Noteholders and the Security
    Agent together, with details of the steps which the US Master Purchaser is
    taking or proposing to take to remedy such US Master Purchaser Event of Default
    or Potential US Master Purchaser Event of Default.

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|(c)  | Effect of a US Master Purchaser
    Event of Default                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | On the occurrence of a US Master
        Purchaser Event of Default then, in any such case and at any time thereafter,
        the Security Agent may (at its sole discretion and shall if instructed
        by the holders of at least 25 per cent. in Face Value of the Buhrmann
        US Notes then outstanding) by written notice to the US Master Purchaser
        (a US Master Purchaser Enforcement Notice) declare the
        Face Value of the Buhrmann US Note(s) to be immediately due and payable
        (whereupon the same shall become so payable together with any other sums
    then owed by the US Master Purchaser hereunder).                                                                                                                                                                             
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|11.  | Enforcement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|11.1 | At any time after the service
        of a US Master Purchaser Enforcement Notice and without prejudice to
        its rights of enforcement in relation to the US Master Purchaser Security
        Documents, the Security Agent may, at its discretion and without further
        notice, pursuant to the US Master Purchaser Security Agreement take such
        proceedings against the US Master Purchaser as it may think fit to enforce
        payment in respect of the Buhrmann US Notes, but it shall not be bound
    to take any such proceedings unless:                                                                                                                                                                                                                                                            
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|11.2 | Only the Security Agent may pursue
        the remedies available under the US Master Purchaser Security Documents
        and no US Master Purchaser Secured Party is entitled to pursue such remedies
        unless the Security Agent,having become bound to proceed fails
        to do so within a reasonable period and such failure shall be continuing
        provided that, if the Security Agent shall have been directed or requested
        or required to take action in accordance with Condition 11.1(i), but
        shall not have been indemnified to its satisfaction and shall not accordingly
        have taken the relevant action, the holders of at least 50 per cent.
        of the Face Value of the Buhrmann US Notes for the time being outstanding
    may proceed against the US Master Purchaser.

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|12.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Prescription                                                                                                                                                                                                                                                                                                                                                                                             
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|The Buhrmann US Notes will become void unless presented for payment within a
    period of two years from the relevant Redemption Date.                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|13.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | US Registrar                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|The US Registrar will act solely as agent of the US Master Purchaser and will
    not otherwise assume any obligation or duty or relationship of agency or
    trust to or with the Buhrmann US Noteholders unless a US Master Purchaser
    Event of Default has occurred, when it will act as agent of the Security
    Agent. Such agreement may be amended by the parties thereto with the prior
    written approval of the Security Agent subject to its obtaining the consent
    of the Buhrmann US Noteholders.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|14.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Replacement of Buhrmann US
    Note Certificates                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|If any Buhrmann US Note Certificate is mutilated, defaced, stolen, destroyed
    or lost, it may be replaced at the specified office of the US Registrar on
    payment by the claimant of such costs and expenses as may be incurred in
    connection therewith and on such terms as to evidence, indemnity and security
    as the US Master Purchaser may reasonably require. Mutilated or defaced Buhrmann
    US Notes must be surrendered before replacements will be issued.                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|15.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Notices                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|15.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | All notices to Buhrmann US Noteholders will be valid if sent by courier, by pre-paid
    recorded delivery or registered mail or by facsimile to the holders (or to
    the first named of joint holders) of the Buhrmann US Notes at the addresses
    or facsimile numbers shown on the Register or at any other addresses or facsimile
    numbers they may notify to the US Registrar.               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|15.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Any such notice shall be deemed to have been
    given                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|16.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Modification and Buhrmann
    US Noteholders Resolutions                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|(a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Modification                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Any modification to these Buhrmann
        US Note Conditions shall be agreed in writing between the US Master Purchaser
        and Buhrmann US Noteholders holding at least 75 per cent. in aggregate
        of the Face Value of the Buhrmann US Notes, shall be binding on all further
        Buhrmann US Noteholders, and shall be notified by the US Master Purchaser
    to the Rating Agencies.

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|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Buhrmann US
    Noteholders Resolutions                                                                                                                                                                                                                                                                                                                                                                                                                                           
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Any resolution of Buhrmann US
        Noteholders in relation to these Buhrmann US Note Conditions may be made
        in writing signed by or on behalf of Buhrmann US Noteholders holding
        the relevant Face Value of Buhrmann US Notes upon delivery to the US
        Master Purchaser by each such Buhrmann US Noteholder of such evidence
        as to its identity and its capacity as Buhrmann US Noteholder as the
    US Master Purchaser may reasonably require.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|17.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Indemnification of the Security
    Agent etc.                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|17.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | The US Master Purchaser Security
        Agreement contains provisions for the indemnification of the Security
    Agent and for its relief from responsibility in certain circumstances.                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|17.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | The US Master Purchaser Security
        Agreement also contains a provision entitling the Security Agent to enter
        into business transactions with, among others, the US Master Purchaser,
    without accounting for any profits resulting there from.                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|18.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Third Party Beneficiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Nothing in this Agreement shall
        be construed to create in any person not a party to this Agreement any
    rights, duties or obligations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|19.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Governing Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|This Agreement shall be construed
        in accordance with, and all matters arising out of or relating in any
        way to this Buhrmann US Note shall be governed by, the law of the State
    of New York.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|20 .                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Submission to Jurisdiction                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|The parties hereto hereby irrevocably
        and unconditionally submit, for themselves and their property, to the
        nonexclusive jurisdiction of the Supreme Court of the State of New York
        sitting in the Borough of Manhattan and of the United States District
        Court for the Southern District of New York, and any appellate court
        from any thereof, in any action or proceeding arising out of or relating
        to this Agreement, or for recognition or enforcement of any judgment,
        and each of the parties hereto hereby irrevocably and unconditionally
        agrees that all claims in respect of any such action or proceeding may
        be heard and determined in such New York State or, to the extent permitted
        by law, in such Federal court. Each of the parties hereto agrees that
        a final judgment in any such action or proceeding shall be conclusive
        and may be enforced in other jurisdictions by suit on the judgment or
    in any other manner provided by law.

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21. 	US Registrar

Buhrmann Silver US LLC
1 Environmental WayBroomfield, Colorado 80021-3416

Attention: Treasurer

and/or such other or further US Registrar and/or specified office as may from
    time to time be appointed by the US Master Purchaser and notice of which
has been given to the Buhrmann US Noteholders.

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|SCHEDULE 4
    REPRESENTATIONS AND WARRANTIES
|---------------------------------------------

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a) | Status:
      it is duly organized with limited liability and validly existing under the
      laws of its jurisdiction of organization;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|(b) | Powers and Authorizations:
      the documents which contain or establish its constitution include provisions
      which give power, and all necessary corporate authority has been obtained
      and action taken, for it to own its assets, carry on its business and operations
      as they are now being conducted and to sign and deliver, and perform the
      transactions contemplated in, the Transaction Documents to which it is a
      party;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|(c) | Legal Validity/Pari Passu
      Ranking:its obligations under the Transaction Documents
      constitute, or when executed by it will constitute, its legal, valid and
      binding obligations enforceable against it in accordance with their respective
      terms, except as enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or similar laws affecting the enforcement
      of creditors rights generally and by general equitable principles
      (whether enforcement is sought by proceedings in equity or at law). Its
      obligations thereunder are and will be direct, unconditional and general
      obligations which rank equally with all its other unsecured obligations
      and liabilities, present or future, actual or contingent, save for unsecured
      obligations and liabilities accorded preference over its other unsecured
      obligations and liabilities pursuant to any provision of the laws of its
      country of incorporation;
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|(d) | Non-Violation:
      the execution, signing and delivery of the Transaction Documents to which
      it is a party and the performance of any of the transactions contemplated
      in any of them do not and will not contravene or breach or constitute a
      default under, require any consent under, or result in the acceleration
      or required payment of any indebtedness pursuant to the terms of, or conflict
      or be inconsistent with or cause to be exceeded any limitation on it or
      the powers of its directors imposed by or contained in:                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

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|(e) | Consents:no
        authorization, approval, consent, license, exemption, registration, recording,
        filing or notarization and no payment of any duty or tax and no other
        action whatsoever which has not been duly and unconditionally obtained,
        made or taken is required to ensure (i) the creation, validity, legality,
        enforceability or priority of its rights, liabilities and obligations
        under the Transaction Documents; or (ii) the effective transfer of Receivables
        to it pursuant to the relevant US Contribution Agreement or (iii) for
    carrying on its business.                                                                                                                                                                                                                              
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(f) | Solvency:
          it is solvent and able to pay its debts as they fall due and has not
          suspended or threatened to suspend making payments (whether of principal
          or interest) with respect to all or any class of its debts and will
          not become insolvent or unable to pay its debts in consequence of any
          contract concluded by it for the purchase of any Receivables under
          the Transaction Documents or any other obligation or transaction contemplated
    in the Transaction Documents;                                                                                                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(g) | Insolvency Procedures:
            no corporate action has been taken or is pending, no other steps
            have been taken (whether out of court or otherwise) and no legal
            proceedings have been commenced or are threatened or are pending
            for (i) its bankruptcy, liquidation, suspension of payments, controlled
            management, winding-up, liquidation, dissolution, administration
            or reorganization; or (ii) it to enter into any composition or arrangement
            with its creditors; or (iii) the appointment of a receiver, administrative
            receiver, trustee or similar officer in respect of it or any of its
            property, undertaking or assets. No event equivalent to any of the
            foregoing has occurred in or under the laws of any relevant jurisdiction;
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(h) | No Litigation: no litigation to
          which it is a party or which any third party has brought against it
          in any court, arbitral tribunal or public or administrative body or
          otherwise and which, if adversely determined could reasonably be expected
    to have a Material Adverse Effect;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(i) | Investment Company Act: in the
          case of the US Master Purchaser, it is not an "investment company" within
          the meaning of the United States Investment Company of 1940, as amended,
    or is exempt from all of the provisions of such Act;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(j) | ERISA:in the case of the
          US Master Purchaser, no ERISA Event has occurred or is reasonably expected
          to occur that, when taken together with all other such ERISA Events
          for which liability is reasonably expected to occur, could reasonably
    be expected to have a Material Adverse Effect;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(k) | Ownership: in the case of the
          US Master Purchaser and the Master Servicer, it is an indirectly-held
    wholly-owned subsidiary of the Parent; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(l) | US Records: in the case of the
          US Master Purchaser, it makes each representation with respect to the
          US Receivables contributed to it by the US Originators set out in Part
    3 of Schedule 2 to the US Contribution Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

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|SCHEDULE 5Part
    I
|--------------------

Form of Buhrmann US Note Purchaser Accession
Letter

[Date]

|To: | Buhrmann Silver US LLC   
|--- | -------------------------
|    | (the US Master Purchaser)
|    |                          

We refer to the note purchase
      agreement (the US Master Purchaser Funding Agreement) dated
      as of September 28, 2001 as amended and restated on July 18, 2002 and November
      30, 2005 and made between the US Master Purchaser, the Silver Note Issuer,
      the MTN Issuer, the Security Agent, Buhrmann Stafdiensten B.V. and Buhrmann
      N.V. Terms defined in, or incorporated by reference into, the US Master
Purchaser Funding Agreement shall have the same meanings herein as therein.

We confirm that we are in receipt
of the following documents:

|                                                                                                                                                                                                                                                              | (i)   | a copy of the US Master Purchaser Funding Agreement; and                                        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----- | ------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                              |       |                                                                                                 
|                                                                                                                                                                                                                                                              | (ii)  | a copy of current versions
         of all other Transaction Documents as we have requested; and
|                                                                                                                                                                                                                                                              |       |                                                                                                 
|                                                                                                                                                                                                                                                              | (iii) | [other],                                                                                        
|                                                                                                                                                                                                                                                              |       |                                                                                                 
|and have found them to our
    satisfaction.                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                             
|1.     For
        the purposes of Clause 7 of the Framework Deed our notice details are
        as follows:                                                                                                                                                 
|                                                                                                                                                                                                                                                             
|[insert name, address,
    telephone, facsimile and attention].                                                                                                                                                                                              
|                                                                                                                                                                                                                                                             
|2.    For
        the purposes of Clause 2.1(c) of the US Master Purchaser Funding Agreement,
    Buhrmann USNotes having a Face Value
    of up to [specify]may be issued to us during the period commencing
    on the date hereof and ending on [specify].
|                                                                                                                                                                                                                                                             
|3.     For
        the purposes of Clause 7.3 of the US Master Purchaser Funding Agreement,
        attached
    is our US Internal Revenue Service Form W-8BEN..                                                                                            

In consideration of our accession to the US
      Master Purchaser Funding Agreement we undertake, for the benefit of the
      US Master Purchaser and each of the other parties to the US Master Purchaser
      Funding Agreement, that, in relation to the purchase by us of Buhrmann
      US Notes, we will perform and comply with all the duties and obligations
      expressed to be assumed by a Buhrmann US Note Purchaser under the US Master
Purchaser Funding Agreement.

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This letter shall be construed in accordance with, and all matters arising out of or relating in any way to this Agreement shall be governed by, the law of the State of New York.

In witnessof
which[New Buhrmann US Note Purchaser]has
executed and delivered this letter on
[date].

[NEW BUHRMANN US NOTE PURCHASER]

|   |                   
|-- | ------------------
|By | __________________
|   | Name:             
|   | Title:            
|   |                   
|   |                   

|cc: | Buhrmann
        US Note
Purchasers
|--- | -----------------------------------
|    | Security
    Agent                 
|    | Master
    Servicer                
|    | Rating
    Agencies                
|    | The Parent                         

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|Part II
|-------

Form of Confirmation Letter

[Date]

|To: | [Name
    and address of New Buhrmann US Note Purchaser]
|--- | --------------------------------------------------------
|    |                                                         

Dear Sirs,

We refer to the note purchase agreement (theUSMaster Purchaser Funding Agreement) dated September 28, 2001 as amended and restated on July 18, 2002 and November 30, 2005 and made between the US Master Purchaser, the Silver Note Issuer, the MTN Issuer, the Security Agent, Buhrmann Stafdiensten B.V. and Buhrmann N.V. and acknowledge receipt of your Buhrmann US Note Purchaser Accession Letter to us dated[specify].  Terms defined in, or incorporated by reference into, the US Master Purchaser Funding Agreement shall have the same meanings herein as therein.

We confirm that, with effect from todays date, you shall become a Buhrmann US Note Purchaser in accordance with Clause 15 of the US Master Purchaser Funding Agreement.

Yours faithfully





BUHRMANN SILVER US LLC

ByCORPORATE EXPRESS OFFICE PRODUCTS, INC.its managing member



|By | _______________
|-- | ---------------
|   | Name:          
|   | Title:         
|   |                
|   |                

|cc: | Buhrmann
            US Note
Purchasers
|--- | ---------------------------------------
|    | Security
        Agent                 
|    | Master
        Servicer                
|    | Rating
        Agencies                
|    | The
        Parent                     



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CONTENTS

|CLAUSE     | PAGE                                                  |    
|---------- | ----------------------------------------------------- | ---
|           |                                                       |    
|           |                                                       |    
|           | DEFINITIONS AND INTERPRETATION                        | 3  
|           | THE US SECURITISATION FACILITY                        | 3  
|           | PURPOSES                                              | 4  
|           | CONDITIONS PRECEDENT                                  | 4  
|           | UTILIZATION OF THE US SECURITISATION FACILITY         | 5  
|           | Delivery
    of Buhrmann US Note Issue Notice         | 5  
|           | Form
    of Buhrmann US Note Issue Notice             | 5  
|           | Registration
    of Buhrmann US Notes                 | 7  
|           | Payment                                               | 8  
|           | Subscription
    Price                                | 8  
|           | Form
    of Buhrmann US Notes                         | 8  
|           | TERMS AND CONDITIONS OF THE BUHRMANN US NOTES         | 8  
|           | TAXES                                                 | 9  
|           | ILLEGALITY AND MITIGATION                             | 11 
|           | CURRENCY OF ACCOUNT AND CURRENCY INDEMNITY            | 12 
|           | REPRESENTATIONS AND WARRANTIES                        | 12 
|           | COVENANTS AND UNDERTAKINGS                            | 12 
|           | ROLL-OVER OF BUHRMANN US NOTES                        | 16 
|           | INCREASED COSTS INDEMNITY                             | 18 
|           | SECURITY AGENT AS A PARTY                             | 18 
|           | APPOINTMENT OF ADDITIONAL BUHRMANN US NOTE PURCHASERS | 18 
|           | NOTICES                                               | 19 
|           | NO LIABILITY AND NO PETITION                          | 19 
|           | NO THIRD PARTY BENEFICIARIES                          | 20 
|           | GOVERNING LAW; JURISDICTION; ETC                      | 20 
|           | TERMINATION                                           | 20 
|           | AMENDMENTS                                            | 20 
|SCHEDULE 1 | S-1                                                   |    
|           | Form
    of Buhrmann US Note Issue Notice             | S-1



| | Page I
| | ------

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|SCHEDULE 2 | S-2                                                     |      
|---------- | ------------------------------------------------------- | -----
|           | Form
    of Buhrmann US Note Certificate                | S-2  
|           |                                                         |      
|SCHEDULE 3 | S-3                                                     |      
|           | Terms
    and Conditions of the Buhrmann US Notes       | S-3  
|           |                                                         |      
|SCHEDULE 4 | S-4                                                     |      
|           | Representations
    and Warranties                      | S-4  
|           |                                                         |      
|SCHEDULE 5 | S-5                                                     |      
|           | Part
    I                                              | S-5i 
|           | Form
    of Buhrmann US Note Purchaser Accession Letter | S-5i 
|           | Part
    II                                             | S-5ii
|           | Form
    of Confirmation Letter                         | S-5ii

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EXECUTION COPY

Dated as of November 30, 2005



BUHRMANN SILVER US LLC(as US Master Purchaser)



BUHRMANN SILVER FINANCING, LLC(as Silver Note Issuer)



SILVER FUNDING LIMITED(as MTN Issuer)



DEUTSCHE TRUSTEE COMPANY LIMITED(as Security Agent)



BUHRMANN STAFDIENSTEN B.V.(as Master Servicer)



BUHRMANN N.V.(as Parent)



---

AMENDED AND RESTATED
  US MASTER PURCHASERFUNDING AGREEMENT

---





---