Amendment No. 1 to Master Sub-License Agreement



 Exhibit 10.7 
 AMENDMENT NO. 1 TO 
 MASTER SUB-LICENSE
AGREEMENT 
 This Amendment No. 1 to Master Sub-License Agreement (this “Amendment”) is entered
into as of November 24, 2009, by and among Unilever N.V., a company organized under the laws of the Netherlands (“Unilever N.V.”), Unilever PLC, a company organized under the laws of England and Wales (“Unilever
PLC”), and JohnsonDiversey, Inc., a Delaware corporation (formerly known as S.C. Johnson Commercial Markets, Inc.) (“JDI” and, together with the Unilever N.V. and Unilever PLC, the “Parties”). 

RECITALS 
 WHEREAS, the Parties are parties to that certain Master Sub-License Agreement In Respect of Professional Products, dated December 18, 2007 (the “MSLA”); and 
 WHEREAS, the Parties desire to amend the MSLA as set forth herein. 
 NOW THEREFORE, in consideration of the premises and the mutual agreements and covenants herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE I
DEFINITIONS 
 Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to
them in the MSLA. 
 ARTICLE II AMENDMENTS TO THE MSLA 
 Section 2.1 Amendment to Clause 1.1. Effective as of the date hereof, Clause 1.1 of the MSLA shall be amended to
add the following defined terms in alphabetical order: 
 “CD&R Group” Means CDR Jaguar Investor Company,
LLC, CDR F&F Jaguar Investor, LLC and their respective affiliates and the respective affiliates from time to time of CD&R Associates VIII, Ltd., the general partner of Clayton, Dubilier & Rice Fund VIII, L.P. and CD&R
Friends & Family Fund VIII, L.P., and Clayton, Dubilier & Rice, LLC or any successor to its investment management business. 
 “CMH” Means Commercial Markets Holdco, Inc. 
 “CMH
Group” Means CMH, its controlled affiliates and any other affiliate of CMH or any Johnson Family Member who has irrevocably granted to and appointed CMH as such person’s or such entity’s proxy and attorney-in-fact (with full power
of substitution), for and in the name, place and stead of such person or entity, to vote at any annual or special meeting of stockholders of JohnsonDiversey Holdings, Inc. and to take any action by written consent in lieu of such meeting with
respect to all of the equity securities of JohnsonDiversey Holdings, Inc. owned or held of record by such










 
holder, provided that (A) none of S.C. Johnson & Son, Inc. and its subsidiaries shall constitute a member of the CMH Group and (B) CMH Group shall not include any person that
is engaged in, or has an affiliate that is engaged in, a Specified Business (other than S.C. Johnson & Son, Inc. and its subsidiaries). 
 “Financial Party” Means a private equity fund or other financial sponsor, asset management firm, sovereign wealth fund, hedge fund, pooled investment vehicle, publicly-listed special
purpose acquisition company, bank or financial institution (or any one or more investment vehicles managed or otherwise controlled by such entities); provided that “Financial Party” shall not include any person that is engaged in,
or has an affiliate that is engaged in, a Specified Business. 
 “Johnson Family Member” Means (a) a
lawful lineal descendant of Herbert F. Johnson, Jr. or Henrietta Johnson Louis or the spouse of any such person; (b) an estate, trust (including a revocable trust, declaration of trust or a voting trust), guardianship or custodianship
for the primary benefit of one or more individuals described in clause (a) above; (c) a foundation established by one or more individuals described in clause (a) above; and (d) an entity controlled by one or more
individuals or entities described in clauses (a), (b) or (c) above. 
 “Specified Business” Means
any business that would reasonably be considered to be in competition with the business of any member of Licensor’s Group involving either (A) the Products or (B) products or services covered by other agreements between one or more
members of Licensor’s Group and one or more of JohnsonDiversey, JohnsonDiversey Holdings, Inc. or any member of the JohnsonDiversey Group. 
 Section 2.2 Amendment to Clause 16.2(A). Effective as of the date hereof, Clause 16.2(A) of the MSLA shall be deleted in its entirety and replaced with the following: 

“[Intentionally omitted];” 
 Section 2.3 Amendment to Clause 16.4(C). Effective as of the date hereof, Clause 16.4(C) of the MSLA shall be deleted in its entirety and replaced with the following: 

“there is (i) a change of control of JohnsonDiversey or JohnsonDiversey Holdings, Inc., a change of control occurring if any
person acquires Control or any person who previously had Control ceases to have such Control (whether or not another person acquires Control), other than by (x) a sale or transfer of any shares of JohnsonDiversey Holdings, Inc. to a member of
the CD&R Group or the CMH Group or to a Financial Party or (y) an initial public offering of the shares of JohnsonDiversey or JohnsonDiversey Holdings, Inc., it being understood that, upon a change of control of a JD Affiliate, it ceases to
be a member of the JohnsonDiversey Group with the effect set forth in Clause 16.7 or (ii) a further sale

  

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or transfer of any shares of JohnsonDiversey Holdings, Inc. that were previously transferred pursuant to the exception in clause (i)(x) above other than to a member of the CD&R Group or the
CMH Group, to a Financial Party or in an initial public offering of the shares of JohnsonDiversey or JohnsonDiversey Holdings, Inc.;” 
 ARTICLE III GENERAL PROVISIONS 
 Section 3.1 Capacity.
Licensor is entering into this Amendment for itself and as agent for each Unilever Affiliate, and JohnsonDiversey is entering into this Amendment for itself and as agent for each JD Affiliate. Where in this Amendment a Unilever Affiliate or a JD
Affiliate is expressed to have an obligation or is given a right, the expression of that obligation or that right shall be construed as the Licensor or JohnsonDiversey (as the case may be) agreeing on behalf of the relevant Unilever Affiliate or JD
Affiliate to assume such obligation or receive or exercise such right. Where in this Amendment Licensor or JohnsonDiversey assumes an obligation or is given a right, the expression of that obligation or that right shall be construed as Licensor or
JohnsonDiversey (as the case may be) agreeing on behalf of itself and each member of its Group to assume such obligation or receive or exercise such right. 
 Section 3.2 Effectiveness of MSLA. Except as expressly set forth in this Amendment, the MSLA shall remain in full force and effect in all respects and is hereby ratified and confirmed.

 Section 3.3 No Waiver; References in MSLA. The execution, delivery and effectiveness of this Amendment
shall not operate as a waiver of any right, power or remedy of any of the Parties under the MSLA, nor constitute a waiver of any provision of the MSLA except as expressly set forth in this Amendment. Upon the effectiveness of this Amendment, each
reference in the MSLA to “this agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and refer to the MSLA as amended by this Amendment. 
 Section 3.4 Governing Law. This Amendment is governed by, and shall be construed in accordance with, English law.

 Section 3.5 Counterparts; Facsimile and Electronic Signatures. This Amendment may be executed in any
number of counterparts and by each party hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. This
Amendment, to the extent signed and delivered by means of a facsimile machine or other electronic submission (including “pdf”), shall be treated in all manners and respects and for all purposes as an original agreement and shall be
considered to have the same binding legal effect as if it were the original signed version hereof delivered in person. 
 (Signature Page Follows) 
  

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 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
above written. 
  

					
	JOHNSONDIVERSEY INC., for itself and as agent for each JD Affiliate
		
	By: 	 	/s/    Joseph Smorada
		 	Name:	 	Joseph Smorada
		 	Title:	 	 Executive Vice President and
 Chief Financial Officer

	
	UNILEVER N.V., for itself and as agent for each Unilever Affiliate
		
	By:	 	/s/    Robert Leek
		 	Name:	 	Robert Leek
		 	Title:	 	General Counsel, Europe
	
	UNILEVER PLC, for itself and as agent for each Unilever Affiliate
		
	By:	 	/s/    Robert Leek
		 	Name:	 	Robert Leek
		 	Title:	 	General Counsel, Europe