The Eleventh Amendment to the Receivables Sale Agreement



 Exhibit 10.15 
  
 ELEVENTH AMENDMENT 
 Dated as of November 10, 2005 
 to 
 RECEIVABLES SALE AGREEMENT 
 Dated as of December 21, 2001 
  
 THIS ELEVENTH AMENDMENT (the “Amendment”), dated as of November 10, 2005, is entered into among PerkinElmer Receivables Company, as Seller (the
“Seller”), PerkinElmer, Inc., as Initial Collection Agent (the “Initial Collection Agent,” and together with any successor thereto, the “Collection Agent”), the committed purchasers party thereto
(the “Committed Purchasers”), Windmill Funding Corporation (“Windmill” and together with the Committed Purchasers, the “Purchaser”), and ABN AMRO Bank N.V., as agent for the Purchasers (the
“Agent”) 
  
 WITNESSETH: 

  
 WHEREAS, the Seller, the Initial Collection
Agent, the Agent, the Committed Purchasers and Windmill have heretofore executed and delivered a Receivables Sale Agreement, dated as of December 21, 2001 (as amended, supplemented or otherwise modified through the date hereof, the
“Sale Agreement”), 
  
 WHEREAS,
the operations of the Exiting Originators (as defined below) and certain operations of the Collection Agent are being sold to third parties and, under such circumstances, the Purchaser and the Agent have elected, in their sole discretion, to consent
and agree to the reconveyance and sale of the Receivables in connection therewith; 
  
 WHEREAS, the parties hereto desire to amend the Sale Agreement as provided herein; 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereto hereby agree that the Sale Agreement shall be and is hereby amended as follows: 
  
 Section 1. Upon execution by the parties hereto in the space provided for that purpose below, the Sale Agreement shall be, and is hereby, amended as follows: 
  
 (a) The defined term “Originators”
appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: 
  
 “Originators” means PerkinElmer, Inc., PerkinElmer Holdings, Inc., PerkinElmer LAS, Inc., PerkinElmer Optoelectronics NC,
Inc., PerkinElmer Optoelectronics SC, Inc. and PerkinElmer Canada, Inc. 
  
 (b) Exhibit D to the Sale Agreement is hereby amended in its entirety and as so amended shall read as set forth on Exhibit D attached hereto. 
  
 (c) Exhibit E to the Sale Agreement is hereby amended in its entirety and as so amended shall read as set
forth on Exhibit E attached hereto. 
  
 Section 2.
This Amendment shall become effective only once the Agent has received (i) this Amendment duly executed by the Seller, the Initial Collection Agent, and the Purchasers and (ii) the duly executed Guarantor’s Acknowledgment and
Consent. 
  
 Section 3. The Agent hereby reconveys,
for adequate consideration, the receipt of which is acknowledged, without representation, warranty or recourse to the Seller all of its right, title and interest in and to all Receivables originated by Applied Surface Technology, Inc. and
PerkinElmer Automotive Research, Inc. (the “Exiting Originators”). The Agent hereby also reconveys, with adequate consideration, without representation, warranty or recourse to the Seller all of its right, title and interest in and
to all Receivables originated out of the Collection Agent’s offices located in: Phelps, New York; Beltsville, Maryland; Warwick, Rhode Island; Daytona, Florida; 










 
and San Carlos, California. Each of the parties hereto agrees that effective as of the date hereof, (i) the Collection Agent shall no longer sell,
transfer, assign, set over or otherwise convey, and shall have no further obligation to sell, transfer, assign, set over or otherwise convey, to Seller any Receivables and other Related Security originated by the Collection Agent out of the
Collection Agent’s offices located in: Phelps, New York; Beltsville, Maryland; Warwick, Rhode Island; Daytona, Florida; and San Carlos, California, (ii) the Exiting Originators shall no longer sell, transfer, assign, set over or otherwise
convey, and shall have no further obligation to sell, transfer, assign, set over or otherwise convey, to Seller any Receivables and other Related Security originated by the Exiting Originators and (iii) any reference to the term
“Originator” in the Agreement shall no longer include the Exiting Originators. The parties hereto acknowledge and agree that neither of the Exiting Originators nor the Collection Agent have any right or entitlement to demand the
reconveyance of the Receivables and that the Receivables are being reconveyed with the consent of the Purchaser and the Agent, in their sole discretion. 
  
 Section 4. The parties hereto consent to the execution and delivery of that certain Third Amendment to Purchase and Sale Agreement by the
parties thereto. 
  
 Section 5.1. To induce the Agent
and the Purchasers to enter into this Amendment, the Seller and Initial Collection Agent represent and warrant to the Agent and the Purchasers that: (a) the representations and warranties contained in the Transaction Documents, are true and
correct in all material respects as of the date hereof with the same effect as though made on the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to
be true and correct in all material respects only as of such specified date); (b) no Potential Termination Event exists; (c) this Amendment has been duly authorized by all necessary corporate proceedings and duly executed and delivered by
each of the Seller and the Initial Collection Agent, and the Sale Agreement, as amended by this Amendment, and each of the other Transaction Documents are the legal, valid and binding obligations of the Seller and the Initial Collection Agent,
enforceable against the Seller and the Initial Collection Agent in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of
creditors’ rights or by general principles of equity; and (d) no consent, approval, authorization, order, registration or qualification with any governmental authority is required for, and in the absence of which would adversely effect,
the legal and valid execution and delivery or performance by the Seller or the Initial Collection Agent of this Amendment or the performance by the Seller or the Initial Collection Agent of the Sale Agreement, as amended by this Amendment, or any
other Transaction Document to which they are a party. 
  
 Section 5.2. This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same Amendment. 
  
 Section 5.3. Each of the Agent and Windmill also agree that, it will promptly, upon the reasonable request of and at the expense of, the Seller, execute and deliver all further instruments and documents, and take all further
action, necessary to implement the terms of this Amendment. 
  
 Section 5.4. Except as specifically provided above, the Sale Agreement and the other Transaction Documents shall remain in full force and effect and are hereby ratified and confirmed in all respects. The execution, delivery, and
effectiveness of this Amendment shall not operate as a waiver of any right, power, or remedy of any Agent or any Purchaser under the Sale Agreement or any of the other Transaction Documents, nor constitute a waiver or modification of any provision
of any of the other Transaction Documents. All defined terms used herein and not defined herein shall have the same meaning herein as in the Sale Agreement. The Seller agrees to pay on demand all costs and expenses (including reasonable fees and
expenses of counsel) of or incurred by the Agent and each Purchaser Agent in connection with the negotiation, preparation, execution and delivery of this Amendment and the other documents related hereto. 
  
 Section 5.5. This Amendment and the rights and obligations of the
parties hereunder shall be construed in accordance with and be governed by the law of the State of Illinois. 
  

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 IN WITNESS WHEREOF, the parties have caused this Amendment
to be executed and delivered by their duly authorized officers as of the date first above written. 
  

			
	 ABN AMRO BANK N.V., as the Agent, as the
Committed Purchaser

		
	By:	 	 /S/    THERESE
GREMLEY




			
		
	Title:	 	 VP




			
		
	By:	 	 (ILLEGIBLE)




			
		
	Title:	 	 SVP



  

			
	WINDMILL FUNDING CORPORATION
		
	By:	 	 /S/    BERNARD J.
ANGELO




			
		
	Title:	 	 VP



  

			
	PERKINELMER RECEIVABLES COMPANY
		
	By:	 	 /S/    JOHN L.
HEALY




			
		
	Title:	 	 Secretary



  

			
	 PERKINELMER, INC.

		
	By:	 	 /S/    JOHN L.
HEALY




			
		
	Title:	 	 Assistant Secretary



  

 Signature Page to 
 Eleventh Amendment to Receivables Sale Agreement 








 GUARANTOR’S ACKNOWLEDGMENT AND
CONSENT 
  
 The undersigned, PerkinElmer, Inc.,
has heretofore executed and delivered the Limited Guaranty dated as of December 21, 2001 (the “Guaranty”) and hereby consents to the Amendment to the Sale Agreement as set forth above and confirms that the Guaranty and all of
the undersigned’s obligations thereunder remain in full force and effect. The undersigned further agrees that the consent of the undersigned to any further amendments to the Sale Agreement shall not be required as a result of this consent
having been obtained, except to the extent, if any, required by the Guaranty referred to above. 
  

			
	 PERKINELMER, INC.

		
	By:	 	 /S/    ROBERT F.
FRIEL




			
		
	Title:	 	 EVP & CFO












 EXHIBIT D 
 TO 
 RECEIVABLE SALE
AGREEMENT 
  
 ADDRESSES
AND NAMES OF SELLER AND ORIGINATORS 
  

			
	 SELLER
	  	
		  	 PerkinElmer Receivables Company (Delaware Corp.)
 45
William Street
 Wellesley, MA 02481
 TIN:
02-0532022

	
	 ORIGINATORS (listed by business unit)

	
	 PerkinElmer Life and Analytical Sciences

		
	 Legal Entity:
	  	 PerkinElmer LAS, Inc. (Delaware Corp.)
 549 Albany
Street
 Boston, MA 02118
 TIN: 04-3361624

		
		  	for locations at:
		
		  	 PerkinElmer LAS
 710 Bridgeport Avenue
 Shelton, CT 06484

	
	 PerkinElmer Optoelectronics

		
	 Legal Entities:
	  	 PerkinElmer Optoelectronics NC, Inc. (Delaware Corp.)
 44370 Christy Street
 Fremont, CA 94538
 TIN: 94-1655721


		
		  	formerly located at:
		
		  	 399 West Java Drive
 Sunnyvale, CA
94089

		
		  	 PerkinElmer Optoelectronics SC, Inc. (Delaware Corp.)
 1300 Optical Drive
 Azusa, CA 91702
 TIN: 95-2621568











					
		  		  	 PerkinElmer, Inc. (Massachusetts Corp.)
 45 William
Street
 Wellesley, MA 02481
 TIN: 04-2052042

			
		  		  	 for locations at:

			
		  		  	 PerkinElmer Optoelectronics
 1330 East Cypress Street
 Covina, CA 91724

			
		  		  	 PerkinElmer Optoelectronics
 35 Congress Street
 Salem, MA 01970

			
		  		  	 PerkinElmer Optoelectronics
 13720 Shoreline Court East
 Earth City, MO 63045

			
		  		  	 PerkinElmer Optoelectronics
 1 Mound Road, Bldg. 63
 Miamisburg, OH 45342

			
		  		  	 PerkinElmer Holdings, Inc. (Massachusetts Corp.)
 45 William Street
 Wellesley, MA 02481
 TIN: 04-2436772

			
		  		  	 for locations at:

			
		  		  	 PerkinElmer Optoelectronics
 2175 Mission College Blvd.
 Santa Clara, CA 95054


  

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	 FOREIGN
	  	  
 PerkinElmer Canada Inc. (Federal Corp.)
 c/o Gowlings Lafleur Henderson LLP
 Suite 5800, Scotia Plaza
 40 King Street West
 Toronto, Ontario
 Canada M5H 3Z7
 (Registered Office c/o local counsel)
 Company Reg. No. 1151668

		
		  	 Principal business location:

		
		  	 22001 Dumberry Road
 Vaudreuil, Quebec
 Canada J7V 8P7


  

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 EXHIBIT E 
  
 LOCK BOXES AND LOCK-BOX BANKS

  
 PerkinElmer LAS, Inc. (Delaware Corporation)

  
 710 Bridgeport Ave 
 Shelton, CT 06484 
  
  
 Wachovia Bank, N.A. 
 PerkinElmer LAS Shelton 
 Account Number: 2079900120996 
 Lockbox Numbers: 101668, 101645, 751716 
  
 549
Albany Street 
 Boston, MA 02118 
  
  
 Bank of America, N.A. 
 PerkinElmer LAS Inc. Shelton 
 Account Number: 375-657-6429 
 Lockbox Number: 13633 
  
 PerkinElmer Optoelectronics NC, Inc. (Delaware Corporation) 
  
 44370 Christy Street 
 Fremont, CA 94538 
  
  

			
	 Wachovia Bank, N.A.
 Account Name: PerkinElmer
Optoelectronics
 ILC
 Account Number: 2079900120860
 Lockbox Number: 951513
	  	 Bank of America
 Account Name: PerkinElmer
Optoelectronics
 NC, Inc.
 Account Number:
375-657-6432
 Lockbox Number: 13685


  
 PerkinElmer
Optoelectronics SC, Inc. (Delaware Corporation) 
  
 1300 Optical Drive

 Azusa, CA 91702 
  
  

			
	 Wachovia Bank, N.A.
 Account Name: PerkinElmer
Optoelectronics
 ORC Electronic Products
 Account Number:
2079900120873
 Lockbox Number: 951509
	  	 Bank of America
 Account Name: PerkinElmer ORC Electronic

 Products
 Account Number: 375-657-6474
 Lockbox Number: 13691









 PerkinElmer Holdings, Inc. 
  

					
	 2175 Mission College Blvd.
 Santa Clara, CA 95054
  
	 		  	
	 Wachovia Bank, N.A.
 Account Name: PerkinElmer
Optoelectronics
 Reticon
 Account Number:
2079900120912
 Lockbox Number: 101122
	 		  	 Bank of America, N.A.
 Account Name: PerkinElmer Holdings
Reticon
 Account Number: 375-657-6461
 Lockbox Number: 404885


	  
 Wachovia Bank, N.A.
 Account Name: PerkinElmer Optoelectronics
 Amorphous Silicon
 Account Number: 2079900120941
 Lockbox Number: 101103
	 		  	  
 Bank of America, N.A.
 Account Name: PerkinElmer Holdings Asi
 Account Number:
375-657-6458
 Lockbox Number: 40870


  
 PerkinElmer, Inc.

  

					
	 1330 E. Cypress St.
 Covina, CA 91724
	 		  	
	  
 Wachovia Bank, N.A.
 Account Name: PerkinElmer Optoelectronics
 Power Systems
 Account Number: 2079900121005
 Lockbox Number: 101653
	 		  	 Bank of America, N.A.
 Account Name: PerkinElmer
Optoelectronics
 Covina
 Account Number: 375-657-6445

Lockbox Number: 404861

	  
 35 Congress Street
 Salem, MA 01979
	 		  	
	  
 Wachovia Bank, N.A.
 Account Name: PerkinElmer Optoelectronics
 Salem
 Account Number: 2079900120954
 Lockbox Number: 751109
	 		  	  
 Bank of America, N.A.
 Account Name: PKI Optoelectronics Salem
 Account Number:
375-657-6490
 Lockbox Number: 404890

	  
 10900 Page Blvd.
 St. Louis, MO 63132
	 		  	

  

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	 Wachovia Bank, N.A.
 Account Name: PerkinElmer
Optoelectronics St. Louis
 Account Number: 2079900120886
 Lockbox
Number: 951516
	 		  	 Bank of America, N.A.
 Account Name: PKI Optoelectronics
St. Louis
 Account Number: 375-657-6500
 Lockbox Number: 404969



  
 Foreign

  

					
	 PerkinElmer Canada Inc. (Federal Corp.)
 c/o Gowlings
Lafleur Henderson LLP
 Suite 5800, Scotia Plaza
 40 King Street
West
 Toronto, Ontario
 Canada M5H 3Z7
 (Registered Office c/o local counsel)
	 		  	
	  
 Principal business location:
 22001 Dumberry Road
 Vaudreuil, Quebec
 Canada J7V 8P7
	 		  	 Royal Bank of Canada
 Account Name: PerkinElmer Canada,
Inc.
 129 788 6
 CDN Lockbox


  

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