Document:

EX-10.38

 Exhibit 10.38 

UNIVAR USA INC. SUPPLEMENTAL RETIREMENT PLAN 

(As Amended and Restated Effective July 1, 2004) 

Ninth Amendment 
 WHEREAS,
Univar USA Inc. (the “Company”) sponsors and maintains the Univar USA Inc. Supplemental Retirement Plan, as amended and restated effective July 1, 2004 and as thereafter amended (the “Plan”); and 

WHEREAS, the Company desires to amend the Plan to reflect the freeze of accrued benefits and cessation of benefit accruals on
December 31, 2009 for all active participants under the Univar USA Inc. Retirement Plan; and 
 NOW, THEREFORE, effective
December 31, 2009, Section 3 of the Plan, Participation, is hereby amended by adding the following new paragraph to the end thereof: 

“Notwithstanding any other provision of the Plan to the contrary, effective December 31, 2009, accrued benefits under
this Plan are frozen for those Participants whose benefits under the Retirement Plan are frozen as of December 31, 2009 pursuant to the terms of the Retirement Plan (including, without limitation, the terms of Appendix T of the Retirement
Plan), and no additional benefits shall accrue for such Participants under this Plan after December 31, 2009.” 
 This Ninth
Amendment is executed this 21st day of December, 2009. 
  

			
	UNIVAR USA INC.
		
	By	 	 /s/ Dave Strizzi

	
	Its PresidentEX-10.47

 Exhibit 10.47 

June 23, 2015 
 Clayton, Dubilier & Rice, LLC 

375 Park Avenue, 18th Floor 

New York, NY 10152 
 Facsimile: (212) 407-5252 

Attention: Theresa Gore 
 Ladies and Gentlemen: 

Reference is made to the Consulting Agreement, dated as of November 30, 2010 (the “CD&R Consulting Agreement”),
among Univar Inc. (the “Company”), Univar USA Inc. (“Opco”) and Clayton, Dubilier & Rice, LLC (“CD&R”). Capitalized terms used but not defined herein shall have the meanings ascribed to
them in the CD&R Consulting Agreement. 
 Upon the terms and conditions of this letter agreement, the parties hereby agree to terminate
the CD&R Consulting Agreement pursuant to Section 4(c) thereof, in connection with the Company’s initial public offering of shares of its common stock pursuant to the Company’s Registration Statement on Form S-1 (Registration
No. 333-197085) (the “IPO”). In connection with and as consideration for such termination, the Company and Opco, jointly and severally, agree to pay in cash a fee of $13.1 million to CD&R (the “CD&R Termination
Fee”) on the closing date of the Company’s IPO and, in consideration thereof, CD&R will waive any right to any Transaction Fee in connection with the IPO. Upon the payment of the CD&R Termination Fee, the CD&R Consulting
Agreement will terminate, provided that Section 3 thereof shall survive solely as to any portion of any Consulting Fee, Transaction Fee or Expenses accrued, but not paid or reimbursed, prior to such termination. The termination
of the CD&R Consulting Agreement shall not affect the Indemnification Agreement which shall survive such termination. 
 The CD&R
Consulting Agreement is being terminated in reliance upon, and subject to, the concurrent termination of the Monitoring Agreement, dated as of November 30, 2010, among the Company, Opco and CVC Capital Partners Advisory Company (Luxembourg)
S.à.r.l., and the Implementation and Facilitation Agreement, dated as of November 30, 2010, among the Company, Opco and each of CVC European Equity IV (AB) Limited, CVC European Equity IV (CDE) Limited and CVC European Equity Tandem GP
Limited, in consideration of a fee in an amount equal to the CD&R Termination Fee and on terms substantially identical to this letter agreement. 

This letter agreement may be executed in any number of counterparts, with each executed counterpart constituting an original, but all together
one and the same instrument. This letter agreement sets forth the entire understanding and agreement 

 
among the parties with respect to the transactions contemplated herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case written or oral, of any
kind and every nature with respect hereto. This letter agreement is governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed within that state. 

[Remainder of the page left intentionally blank.] 

  
 2 

 If the foregoing is in accordance with your understanding and agreement, please sign and return
this letter agreement, whereupon this letter agreement shall constitute a binding agreement with respect to the matters set forth herein. 
  

			
	Sincerely,
	
	UNIVAR INC.
		
	By:	 	 /s/ Stephen Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel
	
	UNIVAR USA INC.
		
	By:	 	         /s/ Stephen Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel

  

			
	Acknowledged and agreed as of the date first above written:
	
	CLAYTON, DUBILIER & RICE, LLC
		
	By:	 	             /s/ Theresa A. Gore

	Name:	 	Theresa A. Gore
	Title:	 	Vice President, Treasurer and Assistant Secretary

 [Signature Page to Letter Agreement Terminating CD&R Consulting Agreement]EX-10.48

 Exhibit 10.48 

June 23, 2015 
 CVC European Equity IV (AB) Limited 

22 Grenville Street 
 St Helier, Jersey JE4 8PX 

Channel Islands 
 Attention: Carl Hansen 

CVC European Equity IV (CDE) Limited 
 22 Grenville Street 

St Helier, Jersey JE4 8PX 
 Channel Islands 

Attention: Carl Hansen 
 CVC European Equity Tandem GP Limited

 22 Grenville Street 
 St Helier, Jersey JE4 8PX 

Channel Islands 
 Attention: Carl Hansen 

Ladies and Gentlemen: 
 Reference is made to the
Implementation and Facilitation Agreement, dated as of November 30, 2010 (the “CVC Implementation and Facilitation Agreement”) among the Univar Inc. (the “Company”), Univar USA Inc. (“Opco”)
and each of CVC European Equity IV (AB) Limited, CVC European Equity IV (CDE) Limited and CVC European Equity Tandem GP Limited (together the “CVC Managers”). Capitalized terms used but not defined herein shall have the meanings
ascribed to them in the CVC Implementation and Facilitation Agreement. 
 Upon the terms and conditions of this letter agreement, the
parties hereby agree to terminate the CVC Implementation and Facilitation Agreement pursuant to Section 4(c) thereof, in connection with the Company’s initial public offering of shares of its common stock pursuant to the Company’s
Registration Statement on Form S-1 (Registration No. 333-197085) (the “IPO”). Reference is made to the Monitoring Agreement, dated November 30, 2010 (the “CVC Monitoring Agreement”) among the Company, Opco
and CVC Capital Partners Advisory Company (Luxembourg) S.à.r.l (“CVC”). In connection with and as consideration for termination of the CVC Implementation and Facilitation Agreement and the CVC Monitoring Agreement, the
Company and Opco, jointly and severally, agree to pay in cash a fee of $13.1 million to CVC (the “CVC Termination Fee”), on the closing date of the Company’s IPO and, in consideration thereof, the CVC Managers will waive any
right to any Facilitation and Implementation Fee in connection with the IPO. Upon the payment of the CVC Termination Fee, the CVC Implementation 

 
and Facilitation Agreement will terminate, provided that Section 3 thereof shall survive solely as to any portion of any Facilitation and Implementation Fee or Expenses
accrued, but not paid or reimbursed, prior to such termination. The termination of the CVC Implementation and Facilitation Agreement shall not affect the Indemnification Agreement which shall survive such termination. 

The CVC Implementation and Facilitation Agreement is being terminated in reliance upon, and subject to, the concurrent termination of
(i) the Consulting Agreement, dated as of November 30, 2010, among the Company, Opco and Clayton, Dubilier & Rice, LLC, in consideration of a fee in an amount equal to the CVC Termination Fee and on terms substantially identical
to this letter agreement, and (ii) the CVC Monitoring Agreement. 
 This letter agreement may be executed in any number of
counterparts, with each executed counterpart constituting an original, but all together one and the same instrument. This letter agreement sets forth the entire understanding and agreement among the parties with respect to the transactions
contemplated herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case written or oral, of any kind and every nature with respect hereto. This letter agreement is governed by and construed in
accordance with the laws of the State of New York applicable to agreements made and to be performed within that state. 
 [Remainder of
the page left intentionally blank.] 

	

  
 2 

 If the foregoing is in accordance with your understanding and agreement, please sign and return
this letter agreement, whereupon this letter agreement shall constitute a binding agreement with respect to the matters set forth herein. 
  

			
	Sincerely,
	
	UNIVAR INC.
		
	By:	 	               /s/ Stephen
Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel
	
	UNIVAR USA INC.
		
	By:	 	               /s/ Stephen
Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel

  

			
	Acknowledged and agreed as of the date first above written:
	
	CVC EUROPEAN EQUITY IV (AB) LIMITED
		
	By:	 	               /s/ Carl John
Hansen

	Name:	 	Carl John Hansen
	Title:	 	Director
	
	CVC EUROPEAN EQUITY IV (CDE) LIMITED
		
	By:	 	               /s/ Carl John
Hansen

	Name:	 	Carl John Hansen
	Title:	 	Director

 [Signature Page to Letter Agreement Terminating CVC Implementation and Facilitation Agreement] 

			
	CVC EUROPEAN EQUITY TANDEM GP LIMITED
		
	By:	 	               /s/ Carl John
Hansen

	Name:	 	Carl John Hansen
	Title:	 	Director

 [Signature Page to Letter Agreement Terminating CVC Implementation and Facilitation Agreement]EX-10.49

 Exhibit 10.49 

June 23, 2015 
 CVC Capital Partners Advisory Company
(Luxembourg) S.à.r.l 
 20, Avenue Monterey 
 L-2163
Luxembourg, Grand-Duchy of Luxembourg 
 Facsimile: + 352 26 47 8367 

Attention: Emanuela Brero 
 Ladies and Gentlemen: 

Reference is made to the Monitoring Agreement, dated as of November 30, 2010 (the “CVC Monitoring Agreement”), among
Univar Inc. (the “Company”), Univar USA Inc. (“Opco”) and CVC Capital Partners Advisory Company (Luxembourg) S.à.r.l (“CVC”). Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the CVC Monitoring Agreement. 
 Upon the terms and conditions of this letter agreement, the parties hereby
agree to terminate the CVC Monitoring Agreement pursuant to Section 4(c) thereof, in connection with the Company’s initial public offering of shares of its common stock pursuant to the Company’s Registration Statement on Form S-1
(Registration No. 333-197085) (the “IPO”). Reference is made to the Implementation and Facilitation Agreement, dated November 30, 2010 (the “CVC Implementation and Facilitation Agreement”) among the
Company, Opco and each of CVC European Equity IV (AB) Limited, CVC European Equity IV (CDE) Limited and CVC European Equity Tandem GP Limited (together the “CVC Managers”). In connection with and as consideration for the termination
of the CVC Monitoring Agreement and the CVC Implementation and Facilitation Agreement, the Company and Opco, jointly and severally, agree to pay in cash a fee of $13.1 million to CVC (the “CVC Termination Fee”), on the closing date
of the Company’s IPO and, in consideration thereof, the CVC Managers will waive any right to any Facilitation and Implementation Fee (as defined in the CVC Implementation and Facilitation Agreement) in connection with the IPO. Upon the payment
of the CVC Termination Fee, the CVC Monitoring Agreement will terminate, provided that Section 3 thereof shall survive solely as to any portion of any Monitoring Fee or Expenses accrued, but not paid or reimbursed, prior to
such termination. The termination of the CVC Monitoring Agreement shall not affect the Indemnification Agreement which shall survive such termination. 

The CVC Monitoring Agreement is being terminated in reliance upon, and subject to, the concurrent termination of (i) the Consulting
Agreement, dated as of November 30, 2010, among the Company, Opco and Clayton, Dubilier & Rice, LLC, in consideration of a fee in an amount equal to the CVC Termination Fee and on terms substantially identical to this letter agreement,
and (ii) the CVC Implementation and Facilitation Agreement. 

 This letter agreement may be executed in any number of counterparts, with each executed
counterpart constituting an original, but all together one and the same instrument. This letter agreement sets forth the entire understanding and agreement among the parties with respect to the transactions contemplated herein and supersedes and
replaces any prior understanding, agreement or statement of intent, in each case written or oral, of any kind and every nature with respect hereto. This letter agreement is governed by and construed in accordance with the laws of the State of New
York applicable to agreements made and to be performed within that state. 
 [Remainder of the page left intentionally blank.] 

  
 2 

 If the foregoing is in accordance with your understanding and agreement, please sign and return
this letter agreement, whereupon this letter agreement shall constitute a binding agreement with respect to the matters set forth herein. 
  

			
	Sincerely,
	
	UNIVAR INC.
		
	By:	 	 /s/ Stephen Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel
	
	UNIVAR USA INC.
		
	By:	 	 /s/ Stephen Landsman

	Name:	 	Stephen Landsman
	Title:	 	General Counsel

 Acknowledged and agreed as of the 

date first above written: 
  

			
	CVC CAPITAL PARTNERS ADVISORY COMPANY
	(LUXEMBOURG) S.À.R.L
		
	By:	 	 /s/ Emanuela Brero

	Name:	 	Emanuela Brero
	Title:	 	Director

 [Signature Page to Letter Agreement Terminating CVC Monitoring Agreement]

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