**Exhibit 10.26**

**EXECUTION COPY**

AMENDMENT NO. 1 

TO 

SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT 

This AMENDMENT NO. 1 (this “Amendment”) dated as of July 14, 2006 is entered into among JWPR CORPORATION (“JWPR”),as Seller and Servicer, LIBERTY STREET FUNDING CORP. (“Liberty”), as the sole Conduit, and THE BANK OF NOVA SCOTIA, as agent (in such capacity, the “Agent”) and as the sole Financial Institution (in such capacity,the “Financial Institution” and together with the Conduit, the “Purchasers”). Capitalized terms used herein without definition shall have the meanings ascribed thereto in the “Receivables PurchaseAgreement” referred to below. 

PRELIMINARY STATEMENTS 

Reference is made to that certain Second Amended and Restated Receivables Purchase Agreement dated as of March 24, 2006, among JWPR, Liberty, the Agent, the Managing Agents and the Financial Institutions fromtime to time party thereto (as amended, restated, supplemented or modified from time to time, the “Receivables Purchase Agreement”). The parties hereto have agreed to, among other things, (i) amend the Receivables PurchaseAgreement and (ii) reconvey of all Receivables generated by JohnsonDiversey SpA and certain other assets related to such Receivables from the Purchasers to JWPR, in each case, upon the terms and conditions set forth herein. 

NOW THEREFORE, in consideration of the premises herein contained, and for other good and valuable consideration, the receipt of which is herebyacknowledged, the parties hereto hereby agree as follows: 

SECTION 1. Amendment. Subject to the satisfaction of the conditionsprecedent set forth in Section 4 hereof, the parties hereto agree that the Receivables Purchase Agreement is hereby amended to incorporate the blacklined modifications to the Receivables Purchase Agreement shown on the marked copy of theReceivables Purchase Agreement attached hereto as Exhibit A. 

SECTION 2. Reconveyance. Subject to the satisfaction of theconditions precedent set forth in Section 4 hereof: 

(a) without recourse and without making any representationor warranty in connection therewith of any type or kind, the Purchasers and the Agent, respectively, hereby sell and assign, without any further action being required on the part of any person or entity to effect such sale and assignment, to JWPR,and JWPR hereby purchases and assumes from the Purchasers and the Agent, respectively, all of the right, title and interest of the Purchasers and the Agent, respectively, in the Receivables generated by JohnsonDiversey SpA, all Collections withrespect thereto, all Related Security with respect thereto and the Collection Accounts specified on Exhibit B hereto (collectively, the “Specified Assets”), free and clear of any and all Adverse Claims in favor of thePurchasers or the Agent, or any other Adverse Claim arising by or through the Purchasers or the Agent; 

(b) all security interests granted to the Purchasers or the Agent, for the benefit of thePurchasers, under the Receivables Purchase Agreement, to the extent they relate to Specified Assets, shall thereupon be released and terminate; and 

(c) JohnsonDiversey SpA shall cease to be an Originator. 

The Agent shall, promptly following theeffectiveness of the transfer and release described above, provide such UCC termination statements or similar items as JWPR may reasonably request in order to release the interests of the Agent and the Purchasers in the Specified Assets. 

SECTION 3. Representations and Warranties. 

(a) JWPR represents and warrants that this Amendment constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforcement may be limited by applicablebankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

(b) JWPR represents and warrants that on the date hereof, before and after giving effect to this Amendment, (i) no AmortizationEvent or Potential Amortization Event has occurred and is continuing, (ii) the Purchaser Interests of the Purchasers do not exceed the Maximum Purchase Percentage and (iii) each of the representations and warranties of JWPR set forth inthe Receivables Purchase Agreement is true and correct in all material respects. 

SECTION 4. Conditions Precedent. This Amendmentshall become effective on and as of the date hereof (the “Effective Date”) upon receipt by the Agent of (i) duly executed counterpart signature pages to this Amendment from each party hereto and (ii) copies of each of theitems described on Exhibit C hereto. 

SECTION 5. Reference to and Effect on the Transaction Documents. 

(a) Upon the effectiveness of this Amendment, (i) each reference in the Receivables Purchase Agreement to “this ReceivablesPurchase Agreement”, “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import shall mean and be a reference to the Receivables Purchase Agreement, as amended or otherwise modified hereby,and (ii) each reference to the Receivables Purchase Agreement in any other Transaction Document or any other document, instrument or agreement executed and/or delivered in connection therewith, shall mean and be a reference to the ReceivablesPurchase Agreement as amended or otherwise modified hereby. 

 

2 

(b) Except as specifically amended or modified above, the terms and conditions of theReceivables Purchase Agreement, all other Transaction Documents and any other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect and are hereby ratified and confirmed.

(c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedyof the Agent or any Purchaser under the Receivables Purchase Agreement or any other Transaction Document or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, ineach case except as specifically set forth herein. 

SECTION 6. Reaffirmation of Performance Undertaking. JohnsonDiversey, Inc.(i) reaffirms all of its obligations under the Performance Undertakings dated as of March 2, 2001, October 24, 2003, and January 12, 2004, respectively, each made by JohnsonDiversey, Inc., (ii) acknowledges that theAgent, as a party to the Receivables Purchase Agreement, enjoys the benefits of each such Performance Undertaking , and (iii) acknowledges and agrees that each of such Performance Undertakings remains in full force and effect (including,without limitation, after giving effect to this Amendment). 

SECTION 7. Execution in Counterparts. This Amendment may be executed inany number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 

SECTION 8. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Illinois. 

SECTION 9. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part ofthis Amendment for any other purpose. 

SECTION 10. Fees and Expenses. JWPR, as Seller, hereby confirms its agreement to pay ondemand all reasonable costs and expenses of the Agent or the Purchasers in connection with the preparation, execution and delivery of this Amendment and any of the other instruments, documents and agreements to be executed and/or delivered inconnection herewith, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel to the Agent or the Purchasers with respect thereto. 

[signature page follows] 

 

3 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respectiveofficers as of the date first above written. 

 
JWPR CORPORATIONBy: 
*/s/ Tony A. Sebranek*
Name: Tony A. SebranekTitle: Vice President
 
LIBERTY STREET FUNDING CORP., as a ConduitBy: 
*/s/ Bernard J. Angelo*
Name: Bernard J. AngeloTitle: Vice President
 
THE BANK OF NOVA SCOTIA, as a FinancialInstitution and Managing AgentBy: 
*/s/ Norman Last*
Name: Norman LastTitle: Managing Director
 

ACKNOWLEDGED AND

AGREED:
JOHNSONDIVERSEY, INC.By: 
*/s/ Lori P. Marin*
Name: Lori P. MarinTitle: Vice President & Corporate Treasurer
Signature Page to Amendment No. 1