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Exhibit 10.32  

 
  EMPLOYMENT AGREEMENT    
    

        This
Agreement (this "Agreement"), dated as of August 13, 2004 (the "Effective Date"), is made by and between Interline Brands, Inc., a New Jersey corporation (the
"Company"), and Mr. Michael J. Grebe (the "Executive"). 

 
 

Recitals    
    

        1.     The
Company desires to (a) employ the Executive as the Company's President and Chief Executive Officer, (b) retain the Executive as a director of the
Company subject to his election to the Board by the shareholders of the Company and (c) enter into an agreement embodying the terms of those relationships. 

        2.     The
Executive is willing to serve as the President and Chief Executive Officer of the Company and is willing to serve as a director of the Company (subject to his
election to the Board by the shareholders of the Company) on the terms set forth herein. 

 
 

Agreement    
    

        NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, and other good and valuable consideration, the Company and the Executive
hereby agree as follows: 

1.     Definitions.  

        1.1.  "Affiliate" means any person or entity controlling, controlled by or under common control with the Company. 

        1.2.  "Board" means the Board of Directors of the Company. 

        1.3.  "Cause" means (a) the Executive's conviction of, or pleading nolo
contendere to, a felony, (b) the Executive's conviction of, or pleading nolo contendere to, any crime, whether a felony
or misdemeanor, involving the purchase or sale of any security, mail or wire fraud, theft, embezzlement or Company property, (c) the Executive's gross neglect of his duties hereunder,
(d) the Executive's willful misconduct in connection with the performance of his duties hereunder or any other material breach by the Executive of this Agreement or (e) the Executive's
failure to follow the lawful directions of the Board, consistent with the terms of this Agreement; provided, however that the Executive shall not be deemed to have been terminated for Cause unless
(i) written notice has been delivered to him setting forth the reasons for the Company's intention to terminate him for Cause and (ii) a period of 30 days has elapsed since
delivery of such notice. 

        1.4.  "Change in Control" shall mean: 

        1.4.1.    The acquisition, after the Effective Date, by an individual, entity or group (within the meaning of
Section 13(d)(3) or 14 (d)(2) of the Securities Exchange Act of 1934 (the "Exchange Act")), of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of more than 50% of either (a) the shares of the common stock of the Company (the "Common Stock"), or (b) the combined voting power of the voting securities of the Company
entitled to vote generally in the election of directors (the "Voting Securities"); provided, however, that the following acquisitions shall not constitute a Change in Control: (i) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any subsidiary of the Company, (ii) any acquisition by any underwriter in connection with
any firm commitment underwriting of securities to be issued by the Company, or (iii) any acquisition by any corporation if, immediately following such acquisition, 50% or more of the then
outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation (entitled to vote generally in the election of
directors), is beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who, immediately prior to such acquisition, were the beneficial owners of the
Common Stock and 

 

the
Voting Securities in substantially the same proportions, respectively, as their ownership, immediately prior to such acquisition, of the Common Stock and Voting Securities; or 

        1.4.2.    The occurrence of a reorganization, merger or consolidation, other than a reorganization, merger or consolidation with
respect to which all or substantially all of the individuals and entities who were the beneficial owners immediately prior to such reorganization, merger or consolidation of the Common Stock and
Voting Securities beneficially own, directly or indirectly, immediately after such reorganization, merger or consolidation 50% or more of the then outstanding common stock and voting securities
(entitled to vote generally in the election of directors) of the corporation resulting from such reorganization, merger or consolidation in substantially the same proportions as their respective
ownership, immediately prior to such reorganization, merger or consolidation, of the Common Stock and the Voting Securities; or 

        1.4.3.    The occurrence of (a) a complete liquidation or substantial dissolution of the Company, or (b) the sale
or other disposition of all or substantially all of the assets of the Company, other than to a subsidiary, wholly-owned, directly or indirectly, by the Company; or 

        1.4.4.    After the expiration of 24 months following the Effective Date, individuals who, as of the date hereof,
constitute the Board (the "Incumbent Board") cease for any reason to constitute a majority of the members of the Board; provided that any individual who
becomes a director after the date hereof whose election or nomination for election by the Company's shareholders was approved by two-thirds of the members of the Incumbent Board (other
than an election or nomination of an individual whose initial assumption of office is in connection with an actual or
threatened "election contest" relating to the election of the directors of the Company (as such terms are used in Rule 14a-1 1 under the Exchange Act), a "tender offer" (as such
term is used in Section 14(d) of the Exchange Act) or a proposed transaction described in Sections 1.4.1, 1.4.2 or 1.4.3 of this Agreement) shall be deemed to be members of the Incumbent Board. 

        1.5.  "Disability" means the Executive's inability to render, for a period of six consecutive months, services hereunder by
reason of permanent disability, as determined by the written medical opinion of an independent medical physician mutually acceptable to the Executive and the Company. If the Executive and the Company
cannot agree as to such an independent medical physician, each shall appoint one medical physician and those two physicians shall appoint a third physician who shall make such determination. In no
event shall the Executive be considered disabled for the purposes of this Agreement unless the Executive is deemed disabled pursuant to the Company's long-term disability plan. 

        1.6.  "Good Reason" means the Company without prior express written consent of the Executive (a) materially reducing
the Executive's position, duties, title or authority, (b) decreasing the Executive's compensation or the benefits under the employee benefit or health or welfare plans or programs of the
Company are in the aggregate materially decreased (excluding reductions due to general benefit plan changes applicable to Company employees generally), (c) failing to pay the Executive's
compensation or to provide for the Executive's benefits when due, (d) requiring the Executive to move his primary place of employment more than 35 miles from the then current place of
employment, if such move materially increases his commute, (e) failing to nominate the Executive for election to the Board of Directors of the Company (by the committee of such Board
responsible for making such nominations) or (f) committing any other material breach of this Agreement, if any of the foregoing (a) through (f) are not remedied by the Company (if
capable of remedy) within 30 days after receiving notice thereof from the Executive. 

        1.7.  "Offering" means the Company's initial public offering of the Company's Common Stock as described in the final
prospectus to be filed with the Securities Exchange Commission by the Company. 

2.    Employment.    Subject to the terms and provisions set forth in this Agreement, the Company hereby
agrees that the Executive shall be employed as the Company's President and Chief Executive Officer, 

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and
further agrees that the Executive shall be a member of the Board of the Company (and a member of the Board's Executive Committee) during the Term of Employment, provided that he is elected to the
Board by the shareholders of the Company as provided in Section 4.1, and the Executive hereby accepts such employment and directorship. 

3.    Term of Employment.    The term of employment under this Agreement shall commence on the Effective
Date and, unless earlier terminated under Section 6 below or extended pursuant to the next sentence, shall terminate on the second anniversary of the Effective Date (the "Term of Employment").
The Term of Employment shall automatically be extended for an additional one year period on each January 1st after the Effective Date unless, not later than 90 days prior to any such
January 1st, either party to this Agreement shall have given written notice to the other that the Term of Employment shall not be extended or further extended beyond its then automatically
extended term, if any. 

4.     Positions, Responsibilities and Duties.  

        4.1.    Positions.    During the Term of Employment, the Executive shall be employed and serve
as the Company's President and Chief Executive Officer. In such positions, the Executive shall have such duties and authority as are customarily associated with the office and position of President
and Chief Executive Officer, including, without limitation, complete operational management authority, together with the Chief Operating Officer, with respect to, and total responsibility for, the
overall operations and day-to-day business and affairs of the Company. In addition, the Executive shall be nominated for election by the shareholders of the Company as a
director of the Company at the annual meeting of shareholders of the Company to be held in [month, year] and, if then elected by the shareholders, at subsequent meetings of
shareholders at which his term of office as a director would otherwise expire, for the duration of the Term of Employment. If the Executive is elected to the Board, the Executive shall further be a
member of the Board's Executive Committee (or similar or equivalent committee), if any, during the Term of Employment. The Executive shall report solely and directly to the Board. Notwithstanding the
above, the Executive shall not be required to perform any duties and responsibilities which would be likely to result in a non-compliance with or violation of any applicable law or
regulation. 

        4.2.    Duties.    During the Term of Employment, the Executive shall devote substantially all
of his business time to the business and affairs of the Company and the Executive shall use his reasonable best efforts to perform faithfully and efficiently the duties and responsibilities
contemplated by this Agreement; provided, however, that the Executive shall be allowed, to the extent
such activities do not substantially interfere with the performance by the Executive of his duties and responsibilities hereunder, to (a) manage the Executive's personal, financial and legal
affairs, and (b) serve on corporate, civic or charitable boards or committees, provided that the Executive shall inform the Company of his service on any corporate boards. 

5.     Compensation and Other Benefits.  

        5.1.    Base Salary.    During the Term of Employment, the Executive shall receive an annual
base salary ("Base Salary") payable in accordance with the Company's normal payroll practices of no less than US $386,030. The Board shall review the Executive's Base Salary and shall increase such
Base Salary by no less than five percent (5%) as of January 1, 2005. Thereafter, the Board shall review the Executive's Base Salary annually and shall increase such Base Salary by no less than
five percent (5%) as of January 1 of each year of the Term of Employment. 

        5.2.    Annual Bonus.    In respect of each calendar year during the Term of Employment,
beginning in calendar year 2004, the Executive shall be entitled to receive an annual bonus (the "Bonus") if the Executive achieves target or better objective performance goals established by mutual
agreement between the Executive and the Board prior to each calendar year, or the Effective Date, as the case may be. The amount of such Bonus, if any, shall be up to 120% of Base Salary, based on
achievement 

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of
objective performance goals. The Bonus shall be paid as soon as practicable after the end of each calendar year and on the date of the end of the Term of Employment, if the Term of Employment is
not extended, whether or not the Executive is employed by the Company on the payment date of the Bonus. The Bonus shall not be paid if during any such calendar year the Executive
(a) voluntarily terminates this Agreement without Good Reason or (b) is terminated for Cause (as such terms are defined in this Agreement). 

        5.3.    Retirement and Savings Plans.    During the Term of Employment, the Executive shall be
entitled to participate as of the Effective Date in all incentive, pension, retirement, savings, 401(k) and other employee pension benefit plans, policies and programs (the "Retirement Plans")
maintained by the Company from time to time for the benefit of senior executives and/or other employees. 

        5.4.    Welfare Benefit Plans.    During the Term of Employment, the Executive, the
Executive's spouse, if any, and their dependents, if any, shall be entitled as of the Effective Date, without any waiting periods exceeding thirty days and without any pre-existing
condition limitations, to participate in and be covered on the same basis as other senior executive officers of the Company under all the welfare benefit plans, policies and/or programs maintained by
the Company from time to time including, without limitation, all medical, hospitalization, dental, disability, life, accidental death and dismemberment and travel accident insurance plans, policies
and/or programs (the "Welfare Plans"). 

        5.5.    Expense Reimbursement.    During and in respect of the Term of Employment, the
Executive shall be entitled to receive prompt reimbursement for expenses incurred by the Executive in performing his duties and responsibilities hereunder in accordance with the Company's policies on
expense reimbursements, in effect from time to time. 

        5.6.    Vacation and Fringe Benefits.    During the Term of Employment, the Executive shall be
entitled to four weeks paid vacation each calendar year plus a reasonable amount of paid time off in accordance with the generally applicable Company policy. The Executive shall be entitled to carry
over up to four weeks of unused vacation to a subsequent calendar year and shall further be entitled to have up to four weeks of such accrued vacation time paid out by the Company following
termination of the Executive's employment (a) due to death, (b) by the Company without Cause or (c) by the Executive due to Disability or for Good Reason. 

        5.7.    Automobile Allowance.    During the Term of Employment, the Executive shall be
entitled to an automobile allowance of $15,000 per year, payable in equal monthly installments. During the Term of Employment, the Company shall also reimburse the Executive for all reasonable costs
of repairing, maintaining, insuring and providing fuel for the automobile acquired by the Executive pursuant to such automobile allowance. 

        5.8.    Equity Awards.    Immediately prior to and in connection with the Offering, the
Executive shall receive equity awards in accordance with the terms of the Interline Brands, Inc. 2004 Equity Incentive Plan and the equity award agreements between the Executive and the
Company, which terms shall be negotiated in good faith and agreed upon by the Company and the Executive. The effectiveness of this Section 5.8 shall be contingent on, and shall only become
effective upon the date of, the closing of the Offering. 

        5.9.    Loan Forgiveness and Additional Payment.    On or before the earliest of
(i) immediately prior to the Offering or (ii) the consummation of a Change in Control, the Company shall forgive outstanding loans owed to the Company by the Executive in the amount of
$749,998 and the Executive shall receive an additional cash payment in respect of his tax obligations arising from such loan forgiveness in the amount of $549,400. 

        5.10.    Retention Bonus.    The Executive shall be entitled to a retention bonus (the
"Retention Bonus") which shall be computed pursuant to such formula and shall vest and be paid over such period as shall be negotiated in good faith and agreed upon by the Company and the Executive.
In the event 

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the
Executive's employment with the Company terminates on account of his death, Disability, by the Company without Cause or by the Executive for Good Reason, any unpaid portion of the Retention Bonus
shall be due and payable to the Executive or his estate, not later than 30 days following such termination. In the event the Executive terminates his employment with the Company without Good
Reason or the Company terminates his employment for Cause, the Executive shall forfeit any unpaid portion of the Retention Bonus. The effectiveness of this Section 5.10 shall be contingent on,
and shall only become effective upon the date of, the closing of the Offering. 

        5.11.    Success Bonus.    In the event of a Change in Control, the Executive shall be
entitled to a bonus (the "Success Bonus"), in an amount which shall be negotiated in good faith and agreed upon by the
Company and the Executive, and which amount shall be payable in one lump sum on the date of the closing of the Change in Control. 

6.     Termination.  

        6.1.    Termination Due to Death.    In the event of the Executive's death, the Executive's
estate or his legal representative, as the case may be, shall be entitled to: (a) any Base Salary accrued but unpaid as of the date of death plus Base Salary (as set forth in Section 5.1
of this Agreement) continuation for a period of two years from the date of the Executive's death; (b) a pro-rata Bonus payment for the calendar year of the Executive's death equal
to no less than the Bonus that the Executive would have been entitled to if he had remained employed by the Company at the end of such calendar year multiplied by a fraction, the numerator of which is
the number of days transpired in the calendar year up to and including the date of the death of the Executive, and the denominator of which is 365; (c) immediate payment of any unpaid expense
reimbursements, unpaid automobile allowance and unused accrued vacation days through the date of the Executive's death; (d) any other benefits to which the Executive, the Executive's estate or
the Executive's legal representative is entitled under any of the Retirement and Welfare Plans; and (e) any other payments and/or benefits provided for in any agreement between the Company and
the Executive in the event of death, including without limitation, any equity award vesting or exercisability acceleration and any extended post-termination exercise periods. 

        6.2.    Termination Due to the Executive's Disability.    Upon 30 days prior written
notice to the Executive, the Company may terminate the Executive's employment hereunder due to Disability. In such event, the Executive or his legal representative, as the case may be, shall be
entitled to: (a) any Base Salary accrued but unpaid as of the date of the Executive's termination due to Disability plus Base Salary (as set forth in Section 5.1 of this Agreement)
continuation for a period of two years from the date of the Executive's termination due to Disability; (b) a pro-rata Bonus payment for the calendar year of the Executive's
termination equal to no less than the Bonus that the Executive would have been entitled to if he had remained employed by the Company at the end of such calendar year multiplied by a fraction, the
numerator of which is the number of days transpired in the calendar year up to and including the date on which the Executive is terminated by the Company due to Disability, and the denominator of
which is 365; (c) immediate payment of any unpaid expense reimbursements, unpaid automobile allowance and unused accrued vacation days through the date of the Executive's termination;
(d) any other benefits to which the Executive or the Executive's legal representative is entitled under any of the Retirement and Welfare Plans; and (e) any other payments and/or
benefits provided for in any agreement between the Company and the Executive in the event of a termination of the Executive's employment due to Disability, including without limitation, any equity
award vesting or exercisability acceleration and any extended post-termination exercise periods. 

        6.3.    Termination Without Cause or by the Executive for Good Reason.    Upon 10 days
prior written notice to the Executive, the Company may terminate the Executive's employment hereunder without Cause. Upon 10 days prior written notice to the Company, the Executive may
terminate his employment hereunder with the Company for Good Reason. The Executive may also terminate his 

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employment
for any reason within the 30 day period commencing on the first anniversary of a Change in Control and such termination shall be treated for purposes of this Agreement as a
termination by the Executive for Good Reason. In any such event, the Executive shall be entitled to: (a) an amount equal to two times the Executive's Base Salary (as set forth in
Section 5.1 of this Agreement) as of the date of termination, payable in one lump sum upon the date of termination; (b) an amount equal to two times the average of the Bonus amounts paid
for the prior three year period, such sum to be payable in equal installments in accordance with the Company's usual payroll practices over a period of two years following the date of termination;
provided, however, that if the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason at any time following a Change in Control, or for any reason within
the 30-day period commencing on the first anniversary of a Change in Control, such amount shall be payable in one lump sum upon the date of termination; and provided further, however, that
the Executive shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive for Good Reason (1) if the Executive reasonably demonstrates
that the Executive's employment was terminated prior to a Change in Control without Cause (i) at the request of an individual, entity or group who has entered into an agreement with the
Company, the consummation of which will constitute a Change in Control (or who has taken other steps reasonably calculated to effect a Change in Control) (a "Person") or (ii) otherwise in
connection with, as a result of or in anticipation of a Change in Control, or (2) if the Executive terminates his employment for Good Reason prior to a Change in Control and the Executive
reasonably demonstrates that the circumstance(s) or event(s) which constitute such Good Reason occurred (i) at the request of such Person or (ii) otherwise in connection with, as a
result of or in anticipation of a Change in Control; (c) continuation of benefits under the Welfare Plans in effect as of the date of termination for a period of two years following the date of
termination at the Company's sole expense; (d) immediate payment of any unpaid expense reimbursements, unpaid automobile allowance and unused accrued vacation days through the date of
termination; (e) any other payments and/or benefits to which the Executive is entitled under any of the Welfare and Retirement Plans; and (f) any other payments and/or benefits provided
in this Agreement or any agreement between the Company and the Executive in the event of a termination for Good Reason, including without limitation, any equity award vesting or exercisability
acceleration and any extended post-termination exercise periods; provided that the Executive shall not be entitled to participate in any other severance plan or arrangement sponsored by
the Company unless such plan or arrangement provides otherwise. 

        6.4.    Termination For Cause.    Subject to the provisions of this Section 6.4, the
Company may terminate the Executive's employment for Cause. In such event, the Executive shall be entitled to: (a) any Base Salary accrued but unpaid through the date of termination;
(b) immediate payment of any unpaid expense reimbursements and unpaid automobile allowance; (c) any other payments and/or benefits to which the Executive is entitled under any of the
Retirement and Welfare Plans; and (d) any other payments and/or benefits provided in this Agreement in the event of a termination for Cause. In any case described in this Section 6.4,
the Executive shall be given written notice authorized by a vote of at least a majority of the members of the Board that the Company intends to terminate the Executive's employment for Cause. Such
written notice shall specify the particular act or acts, or failure to act, which is or are the basis for the decision to so terminate the Executive's employment for Cause. 

        6.5.    Termination Without Good Reason.    Upon 30 days prior written notice to the
Company, the Executive shall have the right to terminate his employment hereunder without Good Reason or any reason at all. In such event, the Executive shall be entitled to: (a) any Base
Salary accrued but unpaid through the date of termination; (b) immediate payment of any unpaid expense reimbursements and unpaid automobile allowance; (c) any other payments and/or
benefits to which the Executive is entitled under any of the Retirement and Welfare Plans; and (d) any other payments and/or benefits provided in this Agreement in the event of a termination
for Cause. 

        6.6.    No Mitigation; No Offset.    In the event of any termination of employment under this
Section 6, the Executive shall be under no obligation to seek other employment and there shall be no 

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offset
against any amounts due the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that the Executive may obtain. Any amounts due under this
Section 6 are in the nature of severance payments, or liquidated damages, or both, and are not in the nature of a penalty. 

        6.7.    Non-extension Severance.    If the Executive's Term of Employment is not
extended for any reason, the Executive will be considered to be terminated without Cause and the provisions of Section 6.3 shall apply to such termination. 

        6.8.    Certain Other Payments.

        6.8.1.    If the Executive is liable for the payment of any excise tax (the "Basic Excise Tax") pursuant to Section 4999
of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor or like provision, with respect to any payment or property transfers received or to be received under this Agreement or
otherwise (the "Payments"), the Company shall pay the Executive an amount (the "Special Reimbursement") which, after payment to the Executive (or on the Executive's behalf) of any federal, state and
local taxes, including, without limitation, any further excise tax under said Section 4999, with respect to or resulting from the Special Reimbursement, equals the net amount of the Basic
Excise Tax. 

        6.8.2.    All calculations required to be made under this Section, including the amount of the Special Reimbursement, shall be
made by the public accounting firm that is retained by the Company as of the date immediately prior to the Change in Control (the "Accounting Firm"), which shall be made in good faith, and which shall
provide detailed supporting calculations both to the Company and the Executive within fifteen (15) business days of the receipt of notice from the Company or the Executive that there has been a
Payment, or at such earlier time as is requested by the Company or the Executive (collectively, the "Determination"). In the event that the Accounting Firm is serving as accountant or auditor for the
individual, entity or group effecting the Change in Control, the Executive may appoint another nationally recognized public accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company and the Company shall enter into any
agreement requested by the Accounting Firm in connection with the performance of the services hereunder. The Special Reimbursement under this Section 6.8 with respect to any Payments shall be
made no later than thirty (30) days following such Payment. If the Accounting Firm determines, absent manifest error, that no Basic Excise Tax is payable by the Executive, it shall furnish the
Executive with a written opinion to such effect, and to the effect that failure to report the Basic Excise Tax, if any, on the Executive's applicable income tax return will not result in the
imposition of a negligence or similar penalty. Absent manifest error, the Determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty in
the application of Section 4999 of the Code at the time of the Determination, it is possible that a Special Reimbursement amount which will not have been paid by the Company should have been
paid ("Underpayment") or Special Reimbursement amounts are paid by the Company which should not have been paid ("Overpayment"), consistent with the calculations required to be made hereunder. In the
event that the Executive thereafter is required to make payment of the Basic Excise Tax or any other tax resulting from or relating to the payment of the Special Reimbursement, the Accounting Firm
shall determine the amount of the Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) shall be promptly
paid by the Company to or for the benefit of the Executive. In the event the amount of the Special Reimbursement exceeds the amount necessary to reimburse the Executive for his Basic Excise Tax or any
other tax resulting from or relating to the payment of the Special Reimbursement, the Accounting Firm shall determine in good faith the amount of the Overpayment that has been made and any such
Overpayment (together with interest at the rate 

7

 

provided
in Section 1274(b)(2) of the Code) shall be promptly paid by the Executive (to the extent he has received a refund if the applicable tax has been paid to the Internal Revenue Service)
to or for the benefit of the Company. The Executive shall cooperate, to the extent his expenses are reimbursed by the Company, with any reasonable requests by the Company in connection with any
contests or disputes with the Internal Revenue Service in connection with the Basic Excise Tax and or any other tax resulting from or relating to payment of the Special Reimbursement; provided,
however, if the Executive determines in good faith that continued contesting or disputing with the Internal Revenue Service would or is likely to have an adverse impact on the Executive's overall tax
or economic position or obligation (which good faith determination shall take into account the magnitude of the amounts involved and the Company's financial condition or financial prospects), then,
upon notice from the executive to that effect, the Executive shall, without foregoing any right to the Special Reimbursement required hereunder, have no further obligation to continue any such contest
or dispute, or cooperate in respect thereof. 

        6.9.    Payment.    Except as otherwise provided in this Agreement and subject to the
Executive's prior execution of a general release in substantially the form annexed hereto as Exhibit A, any payments to which the Executive shall be entitled under this Section 6,
including, without limitation, any economic equivalent of any benefit, shall be made as promptly as possible following the date of termination. If the amount of any payment due to the Executive cannot
be finally determined within 30 days after the date of termination, such amount shall be estimated on a good faith basis by the Company and the estimated amount shall be paid no later than
45 days after such date of termination. As soon as practicable thereafter, the final determination of the amount due shall be made and any adjustment requiring a payment to or from the
Executive shall be made as promptly as practicable. 

7.    Non-exclusivity of Rights.    Nothing in this Agreement shall prevent or limit the
Executive's continuing or future participation in any benefit, bonus, incentive or other plan, policy or program provided or maintained by the Company and/or any Affiliate and for which the Executive
may qualify, nor shall anything herein limit or otherwise prejudice such rights as the Executive may have under any other existing or future agreements with the Company and/or any Affiliate,
including, without limitation, any stock option agreements or plans. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plans or programs of the
Company and/or any Affiliate at or subsequent to the Term of Employment shall be payable in accordance with such plans or programs. 

8.    Full Settlement.    The Company's obligation to make the payments provided for in this Agreement and
otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right
which the Company may have against the Executive or others. 

9.    Legal Fees and Other Expenses.    In the event that a claim for payment or benefits under this
Agreement is disputed, the Executive shall be reimbursed for all attorney fees and expenses incurred by the Executive in pursuing and/or defending any such claim, provided that the Executive
substantially prevails in respect of any material issue which is the subject of such claim by reason of litigation, arbitration or settlement. In addition, the Executive shall be paid or reimbursed
for all legal fees and expenses incurred by the Executive in connection with the review, preparation and negotiation of this Agreement. 

10.   Successors.  

        10.1.    The Executive.    This Agreement is personal to the Executive and, without the prior
express written consent of the Company, shall not be assignable by the Executive, except that the Executive's rights to receive any compensation or benefits under this Agreement may be transferred or
disposed of pursuant to testamentary disposition, intestate succession or pursuant to a domestic relations order. 

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This
Agreement shall inure to the benefit of and be enforceable by the Executive's heirs, beneficiaries and/or legal representatives. 

        10.2.    The Company.    This Agreement shall inure to the benefit of and be binding upon the
Company and its respective successors and assigns. The Company shall require any successor to all or substantially all of its business and/or assets, whether direct or indirect, by purchase, merger,
consolidation, acquisition of stock, or otherwise, by an agreement in form and substance satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and
to the same extent as the Company would be required to perform if no such succession had taken place. 

11.    Indemnification.    The Company agrees that if the Executive is made a party or is threatened to be
made a party to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a "Proceeding"), by reason of the fact that he is or was a director or officer of the Company
and/or any Affiliate or is or was serving at the request of the Company and/or any Affiliate as a director, officer, member, employee or agent of another corporation or of a partnership, joint
venture, trust or other enterprise, including, without limitation, service with respect to employee benefit plans, whether or not the basis of such Proceeding is alleged action in an official capacity
as a director, officer, member, employee or agent while serving as a director, officer, member, employee or agent, he shall be indemnified and held harmless by the Company to the fullest extent
authorized by applicable state corporation law, as the same exists or may hereafter be amended, against all expenses incurred or suffered by the Executive in connection therewith, and such
indemnification shall continue as to the Executive even if the Executive has ceased to be an officer, director or agent, or is no longer employed by the Company and shall inure to the benefit of his
heirs, executors and administrators. 

12.   Restrictive Covenants.  

        12.1.    Non-Solicitation.    If, during the Term of Employment, the Executive
(a) voluntarily terminates his employment with the Company without Good Reason or (b) the Executive is terminated by the Company for Cause, the Executive, for a period of one year after
any such termination, shall not (except on the Company's behalf), directly or indirectly, on his own behalf or on behalf of any other person, firm, partnership, corporation or other entity,
(i) solicit or service the business of any of the Company's clients, any of the Company's former clients which were clients within six months prior to the termination of his employment or any
of the prospective clients which were being actively solicited
by the Company at the time of the termination of his employment or (ii) attempt to cause or induce any employee of the Company to leave the Company. 

        12.2.    Confidentiality.    The Executive shall not, during the Term of Employment and at any
time thereafter, without the prior express written consent of the Board, directly or indirectly, divulge, disclose or make available or accessible any Confidential Information (as defined below) to
any person, firm, partnership, corporation, trust or any other entity or third party (other than when required to do so in good faith to perform the Executive's duties and responsibilities under this
Agreement or when (a) required to do so by a lawful order of a court of competent jurisdiction, any governmental authority or agency, or any recognized subpoena power, or (b) necessary
to prosecute the Executive's rights against the Company or to defend himself against any allegations). In addition, the Executive shall not create any derivative work or other product based on or
resulting from any Confidential Information (except in the good faith performance of his duties under this Agreement). The Executive shall also proffer to the Board's designee, no later than the
effective date of any termination of his employment with the Company for any reason, and without retaining any copies, notes or excerpts thereof, all memoranda, computer disks or other media, computer
programs, diaries, notes, records, data, customer or client lists, marketing plans and strategies, and any other documents consisting of or containing Confidential Information that are in the
Executive's actual or constructive possession or which are subject to his control at such time. For purposes of this Agreement, "Confidential Information" shall mean all information respecting the
business and activities of the Corporation, or any Affiliate of the 

9

 

Company,
including, without limitation, the terms and provisions of this Agreement, the clients, customers, suppliers, employees, consultants, computer or other files, projects, products, computer
disks or other media, computer hardware or computer software programs, marketing plans, financial information, methodologies, know-how, processes, practices, approaches, projections,
forecasts, formats, systems, data gathering methods and/or strategies of the Company. Notwithstanding the immediately preceding sentence, Confidential Information shall not include any information
that is, or becomes, generally available to the public (unless such availability occurs as a result of the Executive's breach of any portion of this Section 12.2. 

        12.3.    Non-Competition.    The Executive acknowledges and recognizes the highly
competitive nature of the businesses of the Company and its Affiliates and accordingly agrees as follows: 

        12.3.1.    During the Term of Employment and for a period ending on the expiration of (a) one year following the
Executive's termination for Cause or without Good Reason and (b) two years following the Executive's termination without Cause or for Good Reason, the Executive will not directly or indirectly,
(i) engage in any business for the Executive's own account that competes with the business of the Company, (ii) enter the employ of, or render any services to, any person engaged in any
business that competes with the business of the Company, (iii) acquire a financial interest in, or otherwise become actively involved with, any person engaged in any business that competes with
the business of the Company, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant, or (iv) interfere with business
relationships (whether formed before or after the date of this Agreement) between the Company or any of its Affiliates that are engaged in a
business similar to the business of the Company (the "Company Affiliates") and customers or suppliers of the Company or the Company Affiliates. 

        12.3.2.    Notwithstanding anything to the contrary in this Agreement, the Executive may directly or indirectly own, solely as
an investment, securities of any person engaged in the business of the Company which are publicly traded on a national or regional stock exchange or on the over-the-counter
market if the Executive (i) is not a controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own one percent (1%) or more of
any class of securities of such person. 

13.   Miscellaneous.  

        13.1.    Applicable Law.    This Agreement shall be governed by and construed in accordance
with the laws of the State of Florida, applied without reference to principles of conflict of laws. 

        13.2.    Amendments.    This Agreement may not be amended or modified otherwise than by a
written agreement executed by the parties hereto or their respective successors and legal representatives. 

        13.3.    Notices.    All notices and other communications hereunder shall be in writing and
shall be given by hand-delivery to the other parties or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

	 
	 	 

	To the Executive:	 	Michael J. Grebe

804 Hawks Nest Court

Ponte Vedra Beach, FL 32082
	

with a copy to:	
 	

Stephen W. Skonieczny, Esq.

Dechert LLP

30 Rockefeller Plaza

New York, New York 10112
	 	 	 

10

 

	

To the Company:	
 	

Laurence Howard

INTERLINE BRANDS, INC.

801 W. Bay Street

Jacksonville, FL 32204
	

with a copy to:	
 	

Mark A. Underberg, Esq.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019

or
to such other address as any party shall have furnished to the others in writing in accordance herewith. Notices and communications shall be effective when actually received by the addressee. 

        13.4.    Withholding.    The Company may withhold from any amounts payable under this
Agreement such federal, state or local income taxes to the extent the same required to be withheld pursuant to any applicable law or regulation. 

        13.5.    Severability.    The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

        13.6.    Captions.    The captions of this Agreement are not part of the provisions hereof and
shall have no force or effect. 

        13.7.    Beneficiaries/References.    The Executive shall be entitled to select (and change) a
beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following the Executive's death, and may change such election, in either case by giving the Company written notice
thereof. In the event of the Executive's death or a judicial determination of his incompetence, reference in this Agreement to the Executive shall be deemed, where appropriate, to refer to his
beneficiary(ies), estate or other legal representative(s). 

        13.8.    Entire Agreement.    This Agreement contains the entire agreement between the parties
concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect to the
subject matter hereof. 

        13.9.    Representations.    The Company represents and warrants that it is fully authorized
and empowered to enter into this Agreement. 

        13.10.    Survivorship.    The respective rights and obligations of the parties hereunder
shall survive any termination of this Agreement or the Executive's Term of Employment hereunder for any reason to the extent necessary to the intended provision of such rights and the intended
performance of such obligations. 

        13.11.    Representations.

        13.11.1.    Equity Awards.    The Company represents and warrants to the Executive that all
shares issued pursuant to any equity award granted to the Executive by the Company, upon issuance to the Executive, will be exempt from Section 16(b) of the Exchange Act pursuant to the Rules
promulgated thereunder, if such Rules apply. 

        13.11.2.    Authorization.    The Company represents and warrants to the Executive that this
Agreement, the any equity award agreement will be authorized by all necessary action of the Company and will be the binding agreement of the Company, enforceable against it in accordance with the
terms thereof. The Company is not prevented from entering into or performing this Agreement by any law, order, rule or regulation, its certificate of incorporation, bylaws or any agreement to which it
is a party. 

11

 

        IN WITNESS WHEREOF, the Executive has hereunto set the Executive's hand and the Company has caused this Agreement to be executed in its
name on its behalf, all as of the date first written above. 

	 
	 	 
	 	 

	 	 	INTERLINE BRANDS, INC.
	

 	
 	

/s/  GIDEON ARGOV      

	 	 	By:	 	Gideon Argov

Director
	

 	
 	

/s/  MICHAEL J. GREBE      
 Michael J. Grebe

12

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Exhibit 10.33  

 
  EMPLOYMENT AGREEMENT    
    

        THIS
IS AN EMPLOYMENT AGREEMENT (the "Agreement"), dated as of September 23, 2004, by and between Interline Brands, Inc., a
New Jersey corporation (f/k/a Wilmar Industries, Inc.) (the "Company"), and William R. Pray (the
"Executive"). 

        WHEREAS,
the Executive is currently an employee of the Company; 

        WEREAS,
the Company and the Executive desire to 

        WHEREAS,
the Company considers it essential to its best interests and the best interests of its stockholders to provide for the continued employment of the Executive by the Company; and 

        WHEREAS,
the Executive is willing to accept and continue his employment on the terms hereinafter set forth in this Agreement; 

        NOW,
THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration and intending to be legally bound hereby, the parties agree as
follows: 

        1.     Term of Employment.    The Executive's term of employment with the Company under this Agreement shall begin on
the date hereof, and unless sooner terminated as hereafter provided, shall continue until December 20, 2005 (the "Employment Term");  provided that the
Employment Term shall automatically be extended for successive one-year periods; provided
further that the Agreement may be terminable by either party upon sixty (60) days written notice of such party's intention to terminate. This Agreement is intended to
supercede, replace and terminate, and upon execution hereof shall terminate in its entirety, that Employment Agreement dated as of September 29, 2000, and entered into by Interline
Brands, Inc., f/k/a/Wilmar Industries, Inc. and the Executive, together with that Split Dollar Agreement dated April 1, 1996, Collateral Assignment for Split Dollar Plan dated
April 1, 1996, Money Purchase Deferred Compensation Agreement dated April 1, 1996, Split Dollar Agreement dated April 20, 1997, Collateral Assignment for Split Dollar Plan dated
April 20, 1997, and that Money Purchase Deferred Compensation Agreement dated April 20, 1997. 

        The
termination of the Executive's employment at the end of the Employment Term or any successive one year period thereafter on account of the Company giving notice to the Executive of
its desire not to extend the Employment Term in accordance with the provisions of this Section 1 shall be treated for all purposes as a termination without Cause pursuant to Section 6
(c), and the provisions of Section 6 (c) shall apply to such termination. The termination of the Executive's employment at the end of the Employment Term or any successive one year
period thereafter on account of the Executive giving notice to the Company of his/her desire not to extend the Employment Term in accordance with the provisions of this Section 1 shall be
treated for all purposes as a voluntary termination pursuant to Section 6 (d), and the provisions of Section 6 (d) shall apply to such termination. 

        2.     Position.

        (a)   The
Executive shall serve as a Senior Vice President of the Company. In such position, the Executive shall have such duties and authority as are customarily associated
with such position and agrees to perform such duties and functions as shall from time to time be assigned or delegated to him by the President of the Company or his designee. 

        (b)   During
the Employment Term, the Executive will devote substantially all of his business time and best efforts to the performance of his duties hereunder and will not
engage in any other business, profession or occupation for compensation or otherwise which would conflict with the rendition of such services, either directly or indirectly, without the prior written
consent of the President of the Company. 

        3.     Base Salary.    During the Employment Term, the Company shall pay the Executive an annual base salary (the
"Base Salary") at the annual rate of $$506,378.08, payable in regular installments in 

 

accordance
with the Company's usual payroll practices. Such base salary may, at the sole discretion of the President of the Company, be upwardly adjusted a minimum of 4% per annum. 

        4.     Bonus.    With respect to each calendar year during the Employment Term, the Executive shall be eligible to earn
an annual bonus award of up to $300,000 (the "Maximum Bonus"), based upon bonus plans to be established and determined by the Board of Directors of the
Company (the "Board") from time to time; provided, however, that fifty percent of such bonus shall be dependent upon the Company achieving certain earnings targets, as established by the board, and
fifty percent of such opportunity being based upon the Board's discretion as it deems appropriate. 

        5.     Employee Benefits and Perquisites.    During the Employment Term, the Executive shall be eligible to participate
in the Company's employee benefit plans (including, without limitation, its health insurance and short term and long term disability insurance plans) on the same basis as those benefits are generally
made available to other executives of the Company.    All of the benefits and perquisites described in this Section 5 shall hereafter be referred to collectively as the
"Benefits". 

	(i)
	Vacation.    The Executive shall be provided four (4) weeks paid vacation per year, provided the
vacation days taken do not interfere with the operations of the Company.

	(ii)
	Medical Expense Reimbursement.    The executive shall be entitled to reimbursement for expenses not reimbursed
by insurance or otherwise for "medical care" for himself and immediate family member; provided, such family members are covered by a Company sponsored plan at the time the expense is incurred, and
further provided that such reimbursement shall not exceed $10,000 per annum.

	(iii)
	Club Membership Dues and Automobile Expenses.    During the Term of Employment, the Executive shall be
entitled to reimbursement for personal membership and automobile related expenses related to the Executive's primary automobile in an amount not to exceed $50,000.00 per year, payable in accordance
with the Company's policies on expense reimbursement, in effect from time to time.

	(iv)
	Business Expenses.    During the Employment Term, reasonable business expenses incurred by Executive in the
performance of his duties hereunder shall be reimbursed by the Company in accordance with the Company's policies on expense reimbursement, in effect from time to time. 

        6.     Termination.    Notwithstanding any other provision of this Agreement: 

	(a)
	For Cause by the Company.    The Employment Term and the Executive's employment hereunder may be terminated by the Company
for "Cause." For purposes of this Agreement, "Cause" shall mean (i) the Executive's gross neglect of, or willful and continued failure to
substantially perform, his duties hereunder (other than as a result of total or partial incapacity due to physical or mental illness); (ii) a willful act by the Executive against the interests
of the Company or which causes or is intended to cause harm to the Company or its stockholders; (iii) the Executive's conviction, or plea of no contest or guilty, to a felony under the laws of
the United States or any state thereof or of a lesser offense involving dishonesty, the theft of Company property or moral turpitude; or (iv) a material breach of the Agreement by the Executive
which is not cured by the Executive within twenty (20) days (where the breach is curable) following written notice to the Executive by the Company of the nature of the breach. Upon termination
of the Executive's employment for Cause pursuant to this Section 7(a), the Executive shall be paid any accrued and unpaid Base Salary and Benefits through the date of termination and shall have
no additional rights to any compensation or any other benefits under the Agreement or otherwise. 

2

 

	(b)
	Disability or Death.    The Employment Term and the Executive's employment hereunder shall terminate upon his death or if the
Executive is unable for an aggregate of six (6) months in any twelve (12) consecutive month period to perform his duties due to the Executive's physical or mental incapacity, as
reasonably determined by the Board (such incapacity is hereinafter referred to as "Disability"). Upon termination of the Executive's employment
hereunder for either Disability or death, the Executive or his estate (as the case may be) shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits and (ii) a
bonus for the calendar year in which termination occurs, equal to the bonus which the Executive would have been entitled to if he had remained employed by the Company at the end of such calendar year,
multiplied by a fraction, the numerator of which is the number of days in such calendar year preceding the date of death or termination of employment and the denominator of which is 365 (a  "Pro Rata Bonus"). Upon termination of the Executive's employment due to Disability or death pursuant to this Section 7(b), the Executive shall
have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due the Executive following his termination for Disability or death shall be
determined in accordance with the plans, policies and practices of the Company.

	(c)
	Without Cause by the Company.    The Employment Term and the Executive's employment hereunder may be terminated by the
Company without "Cause." If the Executive's employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive
(i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's Base Salary for a period of twelve (12) months from the date of termination (the  "Severance Payment"), (iii) continuation of the Executive's health and dental insurance coverage on the same basis as those benefits are
generally made available to other executives of the Company and (iv) a Pro Rata Bonus. Upon termination of Executive's employment by the Company without Cause pursuant to this
Section 7(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's
termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

	(d)
	Voluntary Termination by Executive.    The Executive shall provide the Company thirty (30) days' advance written
notice in the event the Executive terminates his employment, other than for Good Reason (as hereinafter defined); provided that the President may, in
his sole discretion, terminate the Executive's employment with the Company prior to the expiration of the thirty-day notice period. In such event and upon the expiration of such
thirty-day period (or such shorter time as the President in his sole discretion may determine), the Executive's employment under this Agreement shall immediately and automatically
terminate, and the Executive shall be limited to receiving any Base Salary earned and unpaid as of the Executive's termination date.

	(e)
	Termination for Good Reason.    The Executive may terminate his employment hereunder for "Good Reason" at any time during the
Employment Term. For purposes of the Agreement, "Good Reason" shall mean (i) a material breach of the terms of this Agreement by the Company,
(ii) the Company requiring the Executive to move his primary place of employment more than thirty-five (35) miles from the then current place of employment, if such move
materially increases his commute, or (iii) a material diminution of the Executive's responsibilities, provided that any of the foregoing is not
cured by the Company within twenty (20) days following receipt of written notice by the Executive to the Company of the specific nature of the breach. No termination for Good Reason shall be
permitted unless the Company shall have first received written notice from the Executive describing the basis of such termination for Good Reason. A termination of the Executive's employment for Good 

3

 

Reason
pursuant to this Section 7(e) shall be treated for purposes of this Agreement as a termination by the Company without Cause and the provisions of Section 7(c) relating to the
payment of compensation and benefits shall apply. 

	(f)
	Benefits/Release.    In addition to any amounts which may be payable following a termination of employment pursuant to one of
the paragraphs of this Section 7, the Executive or his beneficiaries shall be entitled to receive any benefits that may be provided for under the terms of an employee benefit plan in which the
Executive is participating at the time of termination. Notwithstanding any other provision of this Agreement to the contrary, the Executive acknowledges and agrees that any and all payments, other
than the payment of any accrued and unpaid Base Salary and Benefits, to which the Executive is entitled under this Section 7 are conditioned upon and subject to the Executive's execution of a
general waiver and release, in such form as may be prepared by the Company's attorneys, of all claims and issues arising under the Employment Agreement, except for such matters covered by provisions
of this Agreement which expressly survive the termination of this Agreement.

	(g)
	Except
as provided in this Section 7, the Company shall have no further obligation or liability under this Agreement following a termination of employment by the Executive.

	(h)
	Notice of Termination.    Any purported termination of employment by the Company or by the Executive shall be communicated by
written notice of termination to the other party hereto in accordance with Section 12(h) hereof. 

        7.     Non-Competition.

	(a)
	The
Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates, the valuable confidential business information in such
Executive's possession and the customer goodwill associated with the ongoing business practice of the Company, and accordingly agrees as follows:

	(i)
	During
the Employment Term and, for a period ending on the expiration of two years following the termination of the Executive's employment (the  "Restricted Period"), the Executive will not directly or
indirectly, (i) engage in any business for the Executive's own account that competes
with the business of the Company, (ii) enter the employ of, or render any services to, any person engaged in any business that competes with the business of the Company, (iii) acquire a
financial interest in, or otherwise become actively involved with, any person engaged in any business that competes with the business of the Company, directly or indirectly, as an individual, partner,
shareholder, officer, director, principal, agent, trustee or consultant, or (iv) interfere with business relationships (whether formed before or after the date of this Agreement) between the
Company or any of its affiliates that are engaged in a business similar to the business of the Company (the "Company Affiliates") and customers or
suppliers of the Company or the Company Affiliates.

	(ii)
	Notwithstanding
anything to the contrary in this Agreement, the Executive may directly or indirectly own, solely as a passive investment, securities of any person
engaged in the business of the Company which are publicly traded on a national or regional stock exchange or on the over-the-counter market if the Executive (i) is not a
controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own one percent (1%) or more of any class of securities of such person.

	(iii)
	During
the Restricted Period, and for an additional one year after the end of the Restricted Period, the Executive will not, directly or indirectly, (i) without
the written consent of the Company, solicit or encourage any employee of the Company or the Company Affiliates to leave the employment of the Company or the Company Affiliates, 

4

 

or
(ii) without the written consent of the Company (which shall not be unreasonably withheld), hire any such employee who has left the employment of the Company or the Company Affiliates (other
than as a result of the termination of such employment by the Company or the Company Affiliates) within one year after the termination of such employee's employment with the Company or the Company
Affiliates. 

	(iv)
	During
the Restricted Period, the Executive will not, directly or indirectly, solicit or encourage to cease to work with the Company or the Company Affiliates any
consultant then under contract with the Company or the Company Affiliates.

	(b)
	It
is expressly understood and agreed that although the Executive and the Company consider the restrictions contained in this Section 8 to be reasonable, if a final judicial
determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against the Executive, the
provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or
indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as
to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. 

        8.     Confidentiality.    The Executive will not at any time (whether during or after his employment with the company)
disclose or use for his own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, corporation or other business organization, entity or
enterprise other than the Company and any of its subsidiaries or affiliates, any trade secrets, information, data, or other confidential information relating to customers, development programs, costs,
marketing, trading, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans, or the business and affairs of the Company generally, or of
any subsidiary or affiliate of the Company, provided that the foregoing shall not apply to information which is generally known to the industry or the
public other than as a result of the Executive's breach of this covenant. The Executive agrees that upon termination of his employment with the Company for any reason, he will return to the Company
immediately all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the Company and its affiliates, except
that he may retain personal notes, notebooks and diaries. The Executive further agrees that he will not retain or use for his account at any time any trade names, trademark or other proprietary
business designation used or owned in connection with the business of the Company or its affiliates. 

        9.     Specific Performance.    The Executive acknowledges and agrees that the Company's remedies at law for a breach
or threatened breach of any of the provisions of Section 8 or Section 9 would be inadequate and, in recognition of this fact, the Executive agrees that, in the event of such a breach or
threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining
order, temporary or permanent injunction or any other equitable remedy which may then be available. 

        10.   Independence, Severability and Non-Exclusivity.    Each of the rights and remedies set forth in
this Agreement shall be independent of the others and shall be severally enforceable and all of such rights and remedies shall be in addition to and not in lieu of any other rights and remedies
available to the Company or its affiliates under the law or in equity. If any of the provisions contained in this Agreement, including without limitation, the rights and remedies enumerated herein, is
hereafter construed to be invalid or unenforceable, the same shall not affect the remainder of the covenant or covenants, or rights or remedies, which shall be given full effect without regard to the
invalid portions. 

5

 

        11.   Miscellaneous.

	(a)
	Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State of Florida
without regard to its conflicts of law doctrine.

	(b)
	Entire Agreement/Amendments.    This Agreement contains the entire understanding of the parties with respect to the
employment of the Executive by the Company. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject matter herein other
than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto.

	(c)
	No Waiver.    The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not
be considered a waiver of such party's rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

	(d)
	Severability.    In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

	(e)
	Assignment.    This Agreement shall not be assignable by the Executive. This Agreement may be assigned by the Company to a
company which is a successor in interest to substantially all of the business operations of the Company or to the financial institution(s) providing the Company's senior credit facility. Such
assignment shall become effective when the Company notifies the Executive of such assignment or at such later date as may be specified in such notice. Upon such assignment, the rights and obligations
of the Company hereunder shall become the rights and obligations of such successor company, provided that any assignee expressly assumes the
obligations, rights and privileges of this Agreement.

	(f)
	No Mitigation.    The Executive shall not be required to mitigate the amount of any payment provided for pursuant to this
Agreement by seeking other employment and, to the extent that the Executive obtains or undertakes other employment, the payment will not be reduced by the earnings of the Executive from the other
employment.

	(g)
	Successors; Binding Agreement.    This Agreement shall inure to the benefit of and be binding upon personal or legal
representatives, executors, administrators, successors, heirs, distributes, devises and legatees.

	(h)
	Notice.    For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed, in the case of the Executive, to
the Executive's address on file with the Company; all notices to the Company shall be directed to the attention of the President or to such other address as either party may have furnished to the
other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

	(i)
	Withholding Taxes.    The Company may withhold from any amounts payable under this Agreement such Federal, state and local
taxes as may be required to be withheld pursuant to any applicable law or regulation.

	(j)
	Counterparts.    This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument. 

6

 

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

	 
	 	 
	 	 

	

 	
 	

/s/  WILLIAM R. PRAY      
 Name: William R. Pray
	

 	
 	

INTERLINE BRANDS, INC.
	

 	
 	

By:	
 	

/s/  MICHAEL J. GREBE      
 Name: Michael J. Grebe

Title: President and CEO

7

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