Document:

Exhibit 4.7(b)

 

VARIETAL DISTRIBUTION MERGER SUB, INC.

 

10.75% SENIOR SUBORDINATED NOTES DUE 2017

 

 

Purchase Agreement

 

June 27, 2007

 

Goldman, Sachs & Co.,

85 Broad Street,

New York, New York  10004
    and the several Purchasers
    named in Schedule I hereto,

 

Ladies and Gentlemen:

 

Varietal
Distribution Merger Sub, Inc., a Delaware corporation (the “Varietal”),
proposes, subject to the terms and conditions stated herein, to issue and sell
to Goldman, Sachs & Co. an aggregate of $353,335,000.00 and €125,000,000.00
principal amount of 10.75% Senior Subordinated Notes due 2017 (the “Securities”).
Varietal hereby acknowledges and agrees that Goldman, Sachs & Co. will
immediately resell at least 78% of the aggregate principal amount of the
Securities to the purchasers named in Schedule I hereto (together with Goldman,
Sachs & Co., the “Purchasers”). The Securities will be issued by
Varietal pursuant to an indenture, to be dated on or about June 29, 2007 (the “Indenture”),
among Varietal, VWR Funding, Inc. (formerly known as CDRV Investors, Inc.), a
Delaware corporation (the “Company”), the Guarantors (as defined herein)
and Law Debenture Trust Company of New York, as trustee (the “Trustee”).
In connection with the consummation of the Transactions (as defined herein),
Varietal will merge with and into the Company (the “Merger”), after
which the obligations of Varietal under this Agreement, the Registration Rights
Agreement (as defined herein) and the Indenture will become obligations of the
Company. The representations, warranties and agreements of the Company and the
Guarantors under this Agreement shall not become effective until consummation
of the Merger and execution by the Company and the Guarantors of a joinder
agreement to this Agreement, the form of which is attached hereto as Exhibit
A (the “Joinder Agreement”), at which time such representations,
warranties and agreements shall become effective as of the date hereof pursuant
to the terms of the Joinder Agreement and each of the Company and the Guarantors
shall, without any further action by any person, become a party to this
Agreement.

 

The Securities
are being issued and sold in connection with the Merger, as a result of which
the Company will become a wholly owned subsidiary of a newly formed holding
company owned by certain investment funds associated with or designated by
Madison Dearborn Partners L.L.C., 

 

 

together with
certain other investors who have agreed to co-invest with such investment funds
and certain members of the Company’s management, pursuant to an agreement and
plan of merger, dated as of May 2, 2007, as amended from time to time (the “Merger
Agreement”). For the purposes of this Agreement, the term “Transactions”
means, the Merger and the related transactions and financings described in the
Offering Circular.

 

The
Securities, upon consummation of the Merger, will be guaranteed (the “Guarantees”)
on a senior unsecured basis by each of the Company’s U.S. subsidiaries that
guarantees (together, the “Guarantors”) the Company’s obligations under
the senior secured credit facilities (the “Credit Facilities”) described
in the Offering Circular (as defined below).

 

1.                                       As
of the Applicable Time and at the Time of Delivery, Varietal represents and
warrants to and the Company and the Guarantors jointly and severally represent
and warrant at the Time of Delivery upon execution and delivery of the Joinder
Agreement, in each case, to each of the Purchasers that:

 

(a)                                  An
offering circular, dated June 27, 2007 (the “Offering Circular”), has
been prepared in connection with the offering of the Securities. Any reference to the Offering
Circular shall be deemed to refer to and include the Company’s most recent Annual Report on Form 10-K and all subsequent
documents filed with the United States Securities and Exchange Commission (the “Commission”)
pursuant to Section 13(a), 13(c) or 15(d) of the United States Securities
Exchange Act of 1934, as amended (the “Exchange Act”) on or prior to the
date of such circular and any reference to the Offering Circular, as amended or
supplemented, as of any specified date, shall be deemed to include (i) any
documents filed with the Commission pursuant to Section 13(a), 13(c) or 15(d)
of the Exchange Act after the date of the Offering Circular, and prior to such
specified date; and (ii) any Additional Issuer Information (as defined
in Section 5(f)) furnished by Varietal or the Company prior to the completion
of the distribution of the Securities;
and all documents filed under the Exchange Act and so deemed to be included in
the Offering Circular, or any amendment or supplement thereto are hereinafter
called the “Exchange Act Reports”. The Exchange Act Reports, when they
were or are filed with the Commission, conformed or will conform in all
material respects to the applicable requirements of the Exchange Act and the
applicable rules and regulations of the Commission thereunder; and no such
documents were filed with the Commission since the Commission’s close of
business on the business day immediately prior to the date of this Agreement
and prior to the execution of this Agreement, except as set forth on Schedule
II(a) hereof. The Offering Circular and any amendments or supplements
thereto and the Exchange Act Reports
did not and will not, as of its date, contain an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading; provided, however, that this representation and
warranty shall not apply to any statements or omissions made in reliance upon
and in conformity 

 

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with information furnished in writing to
Varietal or the Company by a Purchaser through Goldman, Sachs & Co.
expressly for use therein;

 

(b)                                 For
the purposes of this Agreement, the “Applicable Time” is 12:30 pm
(Eastern time) on the date of this Agreement; as of the Applicable Time, each
Company Supplemental Disclosure Document (as defined in Section 6(a)(ii))
listed on Schedule II(b) hereto does not conflict with the information
contained in the Offering Circular and the Offering Circular and each such
Company Supplemental Disclosure Document as of the Applicable Time, did not
include any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided, however,
that this representation and warranty shall not apply to statements or omissions
made in the Offering Circular or a Company Supplemental Disclosure Document in
reliance upon and in conformity with information furnished in writing to
Varietal or the Company by a Purchaser through Goldman, Sachs & Co. expressly
for use therein;

 

(c)                                  None
of Varietal, the Company or any of its subsidiaries has sustained since the
date of the latest audited financial statements included in the Offering
Circular any material loss or interference with its business from fire,
explosion, flood or other calamity, whether or not covered by insurance, or
from any labor dispute or court or governmental action, order or decree,
otherwise than as set forth or contemplated in the Offering Circular; and,
since the respective dates as of which information is given in the Offering
Circular, there has not been any material change in the capital stock or long-term
debt of Varietal, the Company or any of its subsidiaries or any material
adverse change, or any development involving a prospective material adverse
change, in or affecting the general affairs, management, financial position,
stockholders’ equity or results of operations of Varietal, the Company and its
subsidiaries, otherwise than as set forth or contemplated in the Offering
Circular;

 

(d)                                 The
Company and its subsidiaries have good and marketable title in fee simple to
all real property and good and marketable title to all personal property owned
by them, in each case free and clear of all liens, encumbrances and defects
except such as are described in the Offering Circular or such as do not
materially affect the value of such property and do not interfere with the use
made and proposed to be made of such property by the Company and its
subsidiaries; and any real property and buildings held under lease by the
Company and its subsidiaries are held by them under valid, subsisting and
enforceable leases with such exceptions as are not material and do not
interfere with the use made and proposed to be made of such property and
buildings by the Company and its subsidiaries;

 

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(e)                                  Each
of (i) Varietal and (ii) the Company and its subsidiaries has been duly
incorporated and is validly existing as a corporation in good standing under
the laws of the jurisdiction in which it is chartered or organized, with power
and authority (corporate and other) to own its properties and conduct its
business as described in the Offering Circular, and has been duly qualified as
a foreign corporation for the transaction of business and is in good standing
under the laws of each other jurisdiction in which it owns or leases properties
or conducts any business so as to require such qualification, or is subject to
no material liability or disability by reason of the failure to be so qualified
in any such jurisdiction; and each subsidiary of the Company has been duly
incorporated and is validly existing as a corporation in good standing under
the laws of its jurisdiction of incorporation;

 

(f)                                    As
of March 31, 2007, on a pro forma basis
after giving effect to the consummation of the Transactions, the Company has an
authorized capitalization as set forth in the Offering Circular, and all of the
issued shares of capital stock of the Company have been duly and validly
authorized and issued and are fully paid and non-assessable; and all of the
issued shares of capital stock of each subsidiary of the Company have been duly
and validly authorized and issued, are fully paid and non-assessable and are
owned directly or indirectly by the Company, free and clear of all material
liens, encumbrances, equities or claims, except as set forth in the Offering
Circular;

 

(g)                                 The
Securities have been duly authorized and, when issued and delivered pursuant to
this Agreement, will have been duly executed, authenticated, issued and
delivered and will constitute valid and legally binding obligations of Varietal
and, at the Closing Date upon completion of the Merger, will constitute valid
and legally binding obligations of the Company, entitled to the benefits
provided by the Indenture  under which they are to be issued,
which will be substantially in the form previously delivered to you; the Indenture  has
been duly authorized and, when executed and delivered by Varietal, the Company,
the Guarantors and the Trustee,
the Indenture  will constitute a valid and legally binding
instrument, enforceable in accordance with its terms, subject, as to
enforcement, to bankruptcy, insolvency, reorganization and other laws of
general applicability relating to or affecting creditors’ rights and to general
equity principles (the “Enforceability Limitations”); and the Securities
and the Indenture (including the
Guarantees)  will conform in
all material respects to the descriptions thereof in the Offering Circular and
will be in substantially the form previously delivered to you and the
Guarantees have been duly authorized and at the Time of Delivery, upon
consummation of the Merger and execution of the Indenture by the Guarantors,
will constitute the legal, valid and binding obligations of each of the
Guarantors, enforceable against each of the Guarantors in accordance with their
terms and entitled to the benefits of
the Indenture, subject to the Enforceability Limitations;

 

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(h)                                 The
Exchange and Registration Rights Agreement to be dated June 29, 2007 (the “Registration
Rights Agreement”) has been duly authorized by Varietal and, at the Time of
Delivery upon consummation of the Merger, will have been duly authorized by the
Company and the Guarantors, and when duly executed and delivered by Varietal,
the Company and each Guarantor, will constitute a valid and legally binding
instrument enforceable in accordance with its terms, subject to the
Enforceability Limitations; and the Registration Rights Agreement will conform
in all material respects to the descriptions thereof in the Offering Circular;

 

(i)                                     This
Agreement has been duly authorized, executed and delivered by Varietal and, the
Joinder Agreement, at the Time of Delivery upon consummation of the Merger,
will have been duly authorized, executed and delivered by the Company and each
Guarantor.

 

(j)                                     None
of the transactions contemplated by this Agreement (including, without
limitation, the use of the proceeds from the sale of the Securities) will violate
or result in a violation of Section 7 of the Exchange Act, or any regulation
promulgated thereunder, including, without limitation, Regulations T, U, and X
of the Board of Governors of the Federal Reserve System;

 

(k)                                  Prior
to the date hereof, none of Varietal, the Company, any of its subsidiaries nor
any of their respective affiliates has taken any action which is designed to or
which has constituted or which might have been expected to cause or result in
stabilization or manipulation of the price of any security of Varietal, the
Company or any of its subsidiaries in connection with the offering of the
Securities;

 

(l)                                     The
issue and sale of the Securities and the compliance by Varietal, the Company
and each Guarantor with all of the provisions of the Securities, the issuance
of the Guarantees, the Joinder Agreement, the Indenture, the Registration
Rights Agreement, and this Agreement and the consummation of the
transactions herein and therein contemplated will not conflict with or result
in a breach or violation of any of the terms or provisions of, or constitute a
default under, (i) any indenture, mortgage, deed of trust, loan agreement or
other agreement or instrument to which Varietal, the Company or any of its
subsidiaries is a party or by which Varietal, the Company or any of its
subsidiaries is bound or to which any of the property or assets of Varietal,
the Company or any of its subsidiaries is subject, (ii) the Certificate of
Incorporation or By-laws of Varietal, the Company or any of its subsidiaries or
any statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over Varietal, the Company or any of its
subsidiaries or any of their properties other than with respect to clauses (i)
and (iii), such breaches, violations or defaults that would not individually or
in the aggregate have a Material Adverse Effect (as defined below); and no consent,
approval, authorization, order, registration or qualification of or with any
such 

 

5

 

court or governmental agency or body is
required for the issue and sale of the Securities or the consummation by
Varietal, the Company and each Guarantor of the transactions contemplated by
this Agreement or, the Indenture or the Registration Rights
Agreement, except for the filing
of a registration statement by the Company and each Guarantor with the
Commission pursuant to the United States Securities Act of 1933, as amended
(the “Act”) pursuant to the Registration Rights Agreement, and
such consents, approvals, authorizations, registrations or qualifications as
may be required under state securities or Blue Sky laws in connection with the
purchase and distribution of the Securities 
by the Purchasers;

 

(m)                               None
of Varietal, the Company or any of its subsidiaries is in violation of its
Certificate of Incorporation or By-laws or in default in the performance or
observance of any material obligation, covenant or condition contained in any
indenture, mortgage, deed of trust, loan agreement, lease or other agreement or
instrument to which it is a party or by which it or any of its properties may
be bound;

 

(n)                                 The
statements set forth in the Offering Circular under the caption “Material United States Federal Tax Considerations”,
insofar as it purports to describe the provisions of the laws referred to
therein and under the caption “Underwriting”,
insofar as it purports to describe the provisions of the laws and documents
referred to therein, are accurate and complete in all material respects;

 

(o)                                 Other
than as set forth in the Offering Circular, there are no legal or governmental
proceedings pending to which the Company or any of its subsidiaries is a party
or of which any property of Varietal, the Company or any of its subsidiaries is
the subject which, if determined adversely to the Company or any of its
subsidiaries, would individually or in the aggregate have a material adverse
effect on the current or future financial position, stockholders’ equity or
results of operations of the Company and its subsidiaries (“Material Adverse
Effect”); and, to the best of each of Varietal’s and the Company’s
knowledge, no such proceedings are threatened or contemplated by governmental
authorities or threatened by others;

 

(p)                                 When
the Securities are issued and delivered pursuant to this Agreement, the
Securities will not be of the same class (within the meaning of Rule 144A under
the Act) as securities which are listed on a national securities exchange
registered under Section 6 of the Exchange Act or quoted in a U.S. automated
inter-dealer quotation system;

 

(q)                                 The
Company currently files reports and other information with the Commission that
is required pursuant to Section 13 or 15(d) of the Exchange Act;

 

(r)                                    None
of Varietal, the Company or any of its subsidiaries is, and after giving effect
to the offering and sale of the Securities and the application of the proceeds 

 

6

 

thereof, will be an “investment company”, as
such term is defined in the United States Investment Company Act of 1940, as
amended (the “Investment Company Act”);

 

(s)                                  None
of Varietal, the Company nor, to their knowledge, any person acting on its or
their behalf has offered or sold the Securities by means of any general
solicitation or general advertising within the meaning of Rule 502(c) under the
Act or, with respect to Securities sold
outside the United States to non-U.S. persons (as defined in Rule 902 under the
Act), by means of any directed selling efforts within the meaning of Rule 902
under the Securities Act and each of Varietal, the Company, any affiliate of
the Company and, to its knowledge, any person acting on its or their behalf has
complied with and will implement the “offering restriction” within the meaning
of such Rule 902;

 

(t)                                    Within
the preceding six months, except for the issuance of $675.0 million aggregate
principal amount of 10.25%/11.25% senior PIK toggle notes due 2015, neither
Varietal nor the Company nor any other person acting on behalf of either
Varietal or the Company has offered or sold to any person any Securities, or
any securities of the same or a similar class as the Securities, other than
Securities offered or sold to the Purchasers hereunder. Each of Varietal and
the Company will take reasonable precautions designed to insure that any offer
or sale, direct or indirect, in the United States or to any U.S. person (as
defined in Rule 902 under the Act) of any Securities or any substantially
similar security issued by Varietal or the Company, within six months
subsequent to the date on which the distribution of the Securities has been
completed (as notified to Varietal or the Company by Goldman, Sachs & Co.),
is made under restrictions and other circumstances reasonably designed not to
affect the status of the offer and sale of the Securities in the United States
and to U.S. persons contemplated by this Agreement as transactions exempt from
the registration provisions of the Securities Act;

 

(u)                                 The
Company and each of its subsidiaries maintains a system of internal control
over financial reporting (as such term is defined in Rule 13a-15(f) of the
Exchange Act) that complies with the requirements of the Exchange Act and has
been designed by the Company’s principal executive officer and principal
financial officer, or under their supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. The Company’s internal control over financial
reporting is effective and the Company is not aware of any material weaknesses
in its internal control over financial reporting;

 

(v)                                 Since
the date of the latest audited financial statements included or incorporated by
reference in the Offering Circular, there has been no change in the Company’s 

 

7

 

internal control over financial reporting
that has materially affected, or is reasonably likely to materially affect, the
Company’s internal control over financial reporting;

 

(w)                               The
Company maintains disclosure controls and procedures (as such term is defined
in Rule 13a-15(e) of the Exchange Act) that comply with the requirements of the
Exchange Act; such disclosure controls and procedures have been designed to
ensure that material information relating to the Company and its subsidiaries
is made known to the Company’s principal executive officer and principal
financial officer by others within those entities; and such disclosure controls
and procedures are effective;

 

(x)                                   KPMG
LLP, which has audited certain financial statements of the Company and its
subsidiaries is an independent registered public accounting firm as required by
the Act and the rules and regulations of the Commission thereunder;

 

(y)                                 The
Company and its subsidiaries possess all licenses, permits, certificates,
consents, orders, approvals and other authorizations from, and have made all
declarations and filings with, all federal, state and other governmental authorities,
presently required or necessary to own or lease, as the case may be, and to
operate their respective properties and to carry on their respective businesses
as set forth in the Offering Circular (“Permits”), except where the
failure to possess, make or obtain such Permits (by possession, declaration or
filing) would not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect;

 

(z)                                   There
is no claim pending or, to the knowledge of the Company, threatened under any
Environmental Law (as defined below) against the Company or its subsidiaries
that would reasonably be expected to have a Material Adverse Effect. The term “Environmental
Law” means any federal, local or foreign law, regulation, ordinance, order,
judgment decree, permit or rule (including rule of common law) now in effect
governing pollution, or actual or alleged exposure to, hazardous to toxic
materials, substances or wastes, including but not limited to, asbestos or
asbestos-containing materials;

 

(aa)                            There
is no strike or labor dispute, slowdown or work stoppage with the employees of
the Company or any of its subsidiaries which is pending or, to the knowledge of
the Company, threatened, except as would not reasonably be expected to have a
Material Adverse Effect;

 

(bb)                          Each of
the Company and its subsidiaries carries insurance (including self-insurance,
if any) in such amounts and covering such risks as in its reasonable
determination is adequate for the conduct of its business and the value of its
properties, except where the failure to carry such insurance would not
reasonably be expected to have a Material Adverse Effect;

 

8

 

(cc)                            Neither
the Company nor any of its subsidiaries has incurred any liability for any
prohibited transaction or accumulated funding deficiency or any complete or
partial withdrawal liability with respect to any pension, profit sharing or
other plan which is subject to the Employee Retirement Income Security Act of
1974, as amended (“ERISA”), to which the Company or any of its
subsidiaries makes or ever has made a contribution and in which any employee of
the Company or any such subsidiary is or has ever been a participant, which
would, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. With respect to such plans, each of the Company and
its subsidiaries is in compliance in all respects with all applicable
provisions of ERISA, except where the failure to so comply would not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect;

 

(dd)                          Assuming
that the representations and warranties of the Purchaser contained in Section 3
and Annex I are true and correct and that the Purchaser complies with its
agreements contained in Section 3 and Annex I, it is not necessary in
connection with the offer, sale and delivery of the Securities to the Purchaser
or the reoffer and resale by the Purchaser in the manner contemplated by this
Agreement and the Offering Circular to register the Securities under the Act or
to qualify the Indenture in respect of the Notes under the United States Trust
Indenture Act of 1939, as amended (the “Trust Indenture Act”);

 

(ee)                            The
Company and each of its subsidiaries owns, or has the legal right to use, all
United States patents, patent applications, trademarks, trademark applications,
trade names, copyrights, technology, know-how and processes necessary for each
of them to conduct its business as currently conducted (the “Intellectual
Property”), except for those the failure to own or have such legal right to
use would not be reasonably expected to have a Material Adverse Effect or as
disclosed in the Offering Circular. No claim has been asserted and is pending
by any person challenging or questioning the use of any such Intellectual
Property or the validity or effectiveness of any such Intellectual Property,
nor does the Company know of any such claim, and, to the knowledge of each of
Varietal and the Company, the use of such Intellectual Property by Varietal,
the Company and its subsidiaries does not infringe on the rights of any person,
except for such claims and infringements which in the aggregate, would not be
reasonably expected to have a Material Adverse Effect; and

 

(ff)                                To
the knowledge of each of Varietal and the Company, each of its subsidiaries has
filed or caused to be filed all United States federal income tax returns and
all other material tax returns which are required to be filed and has paid (a)
all taxes shown to be due and payable on such returns and (b) all taxes shown
to be due and payable in any assessments of which it has received notice made
against it or any of its property and all other taxes, fees or other charges
imposed on it or any of its property by any governmental authority (other than
(i) taxes, fees or other 

 

9

 

charges with respect to which the failure to
pay, in the aggregate, would not reasonably be expected to have a Material
Adverse Effect or (ii) taxes, fees or other charges the amount or validity of
which are currently being contested in good faith by appropriate proceedings
diligently conducted and with respect to which reserves in conformity with GAAP
have been provided on the books of the Company or its subsidiaries, as the case
may be). No tax lien has been filed, and no claim is being asserted, with
respect to any such tax, fee or other charge.

 

Any
certificate signed by any officer of Varietal, the Company or its subsidiaries
and delivered to the Purchasers or counsel for the Purchasers in connection
with the offering of the Securities and, when issued, the Guarantees, shall be
deemed a joint and several representation and warranty by each of Varietal, the
Company and its subsidiaries, as to matters covered thereby, to each Purchaser.

 

2.                                       (a)                                  Subject
to the terms and conditions herein set forth, Varietal agrees to issue and sell
to Goldman, Sachs & Co., and Goldman, Sachs & Co. agrees to purchase
from Varietal, at a purchase price of 100% of the principal amount thereof net
of the Closing Payment (the “Purchase Price”), the principal amount of
Securities set forth opposite the name of such Purchaser in Schedule I hereto. For
the purposes of this Agreement “Closing Payment” shall mean at the Time
of Delivery, an amount in cash equal to 3% of the aggregate principal amount of Securities purchased by
the Goldman, Sachs & Co.

 

(b)                                 Subject
to the terms and conditions herein set forth, Goldman, Sachs & Co. will
immediately following its purchase of the Securities from Varietal pursuant to
Section 2(a), sell (the “Resale”) to the GSMP Purchasers (as hereinfter
defined), and each GSMP Purchaser will purchase from Goldman, Sachs & Co.,
the Securities. The aggregate cash purchase price for the Resale of the
Securities to the GSMP Purchasers shall be equal to the aggregate Purchase
Price paid by Goldman, Sachs & Co. for the Securities. Schedule I hereto
sets forth, for each GSMP Purchaser, the aggregate principal amount of the
Securities to be purchased by such GSMP Purchaser and the portion of the
Purchaser Price payable by such GSMP Purchaser therefor. The obligations of the
GSMP Purchasers to purchase and pay for the Securities hereunder are several
and not joint and no GSMP Purchaser shall have any liability to any person for
the performance or non-performance by any other GSMP Purchaser.

 

3.                                       Upon
the authorization by you of the release of the Securities, Goldman, Sachs &
Co. proposes to offer the Securities for sale upon the terms and conditions set
forth in this Agreement and the Offering Circular and Goldman, Sachs & Co.
hereby represents and warrants to, and agrees with the Varietal and, at the
Time of Delivery after the execution and delivery of the Joinder Agreement, the
Company and each Guarantor that:

 

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(a)                                  It
will offer and sell the Securities only to: (i) persons who it reasonably
believes are “qualified institutional buyers” (“QIBs”) within the
meaning of Rule 144A under the Act in transactions meeting the requirements of
Rule 144A or (ii) institutions which it reasonably believes are “accredited
investors” (“Institutional Accredited Investors”) within the meaning of
Rule 501 under the Act or, (iii) upon the terms and conditions set forth in
Annex I to this Agreement;

 

(b)                                 It
is an Institutional Accredit Investor; and

 

(c)                                  It
will not offer or sell the Securities by any form of general solicitation or
general advertising, including but not limited to the methods described in Rule
502(c) under the Act.

 

(d)                                 Each
GSMP Purchaser, severally and not jointly, hereby represents and warrants to,
and agrees with the Varietal and, at the Time of Delivery after the execution
and delivery of the Joinder Agreement, the Company and each Guarantor that such
GSMP Purchaser is (i) a QIB, (ii) an Institutional Accredited Investor and
(iii) acquiring the Securities for its own account, for investment purposes
only and not with a view to any distribution thereof that would not otherwise comply with the Act.

 

4.                                       (a)                                  The
Securities to be purchased by each Purchaser hereunder will be represented by
one or more definitive global Securities in book-entry form which, in the case
of the Securities denominated in U.S. Dollars (the “US$ Denominated
Securities”) will be deposited by or on behalf of each of Varietal and the
Company with The Depository Trust Company (“DTC”) or its designated custodian.
Varietal will deliver the US$ Denominated Securities to Goldman, Sachs &
Co., for the account of each Purchaser, against payment by Goldman, Sachs &
Co. of the Purchase Price therefor by wire transfer in Federal (same day)
funds, by causing DTC to credit the Securities to the account of Goldman, Sachs
& Co. With respect to the
global Securities that are denominated in Euro (the “EUR Denominated
Securities”), Varietal will deliver,
against payment of the Purchase Price therefor by wire transfer in Federal
(same day) funds, such EUR
Denominated Securities to be purchased
by each Purchaser, which will be represented by one or more definitive
global Securities in registered form which will be deposited with, or on behalf
of, Deutsche Bank AG, London Branch, in its capacity as the common depositary
(the “Common Depositary”)
for Euroclear Bank, S.A./N.V., as operator of the Euroclear System (“Euroclear”), and Clearstream
Banking, société anonyme (“Clearstream”), and registered in
the name of the Common Depositary, or its nominee, for Euroclear and
Clearstream. Varietal will cause
the certificates representing the Securities to be made available to Goldman,
Sachs & Co. for checking at least twenty-four hours prior to the Time of
Delivery (as defined below) at the office of Cahill Gordon & Reindel LLP
(the “Closing Location”). The time and date of such delivery and payment
shall be 9:30 a.m., New York City 

 

11

 

time, on June 29, 2007 or such other time and
date as Goldman, Sachs & Co. and Varietal may agree upon in writing. Such
time and date are herein called the “Time of Delivery”.

 

(b)                                 The
documents to be delivered at the Time of Delivery by or on behalf of the
parties hereto pursuant to Section 8 hereof, including the cross-receipt for
the Securities and any additional documents requested by the Purchasers
pursuant to Section 8 hereof, will be delivered at such time and date at the
Closing Location, and the Securities will be delivered at DTC or its designated
custodian, all at the Time of Delivery. A meeting will be held at the Closing
Location at 9:00 a.m., New York City time, on the New York Business Day next
preceding the Time of Delivery, at which meeting the final drafts of the
documents to be delivered pursuant to the preceding sentence will be available
for review by the parties hereto. For the purposes of this Section 4, “New
York Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in New York are
generally authorized or obligated by law or executive order to close.

 

5.                                       Varietal
agrees, and, to the extent applicable, upon execution and delivery of the
Joinder Agreement, the Company and the Guarantors jointly and severally agree,
in each case with each of the Purchasers:

 

(a)                                  To
prepare the Offering Circular in a form approved by you; to make no amendment
or any supplement to the Offering Circular which shall be disapproved by you
promptly after reasonable notice thereof; and to furnish you with copies
thereof;

 

(b)                                 Promptly
from time to time to take such action as you may reasonably request to qualify
the Securities for offering and sale under the securities laws of such
jurisdictions as you may request and to comply with such laws so as to permit
the continuance of sales and dealings therein in such jurisdictions for as long
as may be necessary to complete the distribution of the Securities, provided that in connection therewith the
Company shall not be required to qualify as a foreign corporation or to file a
general consent to service of process in any jurisdiction;

 

(c)                                  To
furnish the Purchasers with written and electronic copies thereof in such
quantities as you may from time to time reasonably request, and if, at any time
prior to the expiration of nine months after the date of the Offering Circular,
any event shall have occurred as a result of which the Offering Circular as
then amended or supplemented would include an untrue statement of a material
fact or omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were
made when such Offering Circular is delivered, not misleading, or, if for any
other reason it shall be necessary or desirable during such same period to
amend or supplement the 

 

12

 

Offering Circular, to notify you and upon
your request to prepare and furnish without charge to each Purchaser and to any
dealer in securities as many written and electronic copies as you may from time
to time reasonably request of an amended Offering Circular or a supplement to
the Offering Circular which will correct such statement or omission or effect
such compliance;

 

(d)                                 During
the period beginning from the date hereof and continuing until the date six
months after the Time of Delivery, not to offer, sell contract to sell or
otherwise dispose of, except as provided hereunder any securities of Varietal
or the Company that are substantially similar to the Securities, without your prior written consent;

 

(e)                                  Not
to be or become, at any time prior to the expiration of two years after the
Time of Delivery, an open-end investment company, unit investment trust,
closed-end investment company or face-amount certificate company that is or is
required to be registered under Section 8 of the Investment Company Act;

 

(f)                                    At
any time when the Company is not subject to Section 13 or 15(d) of the Exchange
Act, for the benefit of holders from time to time of Securities, to furnish at
its expense, upon request, to holders of Securities and prospective purchasers
of securities information (the “Additional Issuer Information”)
satisfying the requirements of subsection (d)(4)(i) of Rule 144A under the Act;

 

(g)                                 If
requested by you, to use its reasonable best efforts to cause such Designated
Securities to be eligible for the PORTAL trading system of the National
Association of Securities Dealers, Inc.;

 

(h)                                 [reserved];

 

(i)                                     [reserved];

 

(j)                                     During
the period of two years after the Time of Delivery, the Company will not, and
will not permit any of its “affiliates” (as defined in Rule 144 under the
Securities Act) to, resell any of the Securities which would continue to
constitute “restricted securities” under Rule 144 following such sale that have
been reacquired by any of them;

 

(k)                                  To
use the net proceeds received by it from the sale of the Securities pursuant to
this Agreement in the manner specified in the Offering Circular under the
caption “Use of Proceeds”;

 

(j)                                     To cooperate with the Purchasers and to use their reasonable best efforts to permit the EUR Denominated
Securities to be eligible for clearance and settlement through the facilities of
Euroclear and Clearstream and to assist the Purchasers in 

 

13

 

obtaining the approval of Euroclear and Clearstream for “book-entry”
transfer of the EUR Denominated Securities in global form; and

 

(k)                                  To
maintain a paying agent in a European Union member state that will not be
obligated to withhold or deduct tax pursuant to the proposed European Union
Directive on the taxation of savings income.

 

6.                                       (a)  (i) 
Each of Varietal and, upon execution and delivery of the Joinder
Agreement, the Company and each Guarantor jointly and severally represents and
agrees that, without the prior consent of Goldman, Sachs & Co., it has not
made and will not make any offer relating to the Securities that, if the
offering of the Securities contemplated by this Agreement were conducted as a
public offering pursuant to a registration statement filed under the Act with
the Commission, would constitute an “issuer free writing prospectus,” as
defined in Rule 433 under the Act (any such offer is hereinafter referred to as
a “Company Supplemental Disclosure Document”);

 

(ii)                                  each
Purchaser represents and agrees that, without the prior consent of the Company
and Goldman, Sachs & Co., other than one or more term sheets relating to
the Securities containing customary information, it has not made and will not
make any offer relating to the Securities that, if the offering of the
Securities contemplated by this Agreement were conducted as a public offering
pursuant to a registration statement filed under the Act with the Commission,
would constitute a “free writing prospectus,” as defined in Rule 405 under the
Act (any such offer (other than any such term sheets), is hereinafter referred
to as a “Purchaser Supplemental Disclosure Document”); and

 

(iii)                               any
Company Supplemental Disclosure Document or Purchaser Supplemental Disclosure
Document the use of which has been consented to by Varietal, the Company, each
Guarantor and Goldman, Sachs & Co. is listed on Schedule II(b) hereto.

 

7.                                       Varietal
covenants and agrees with the several Purchasers that Varietal will pay or
cause to be paid the following:  (i) the
fees, disbursements and expenses of each of Varietal’s counsel, the Company’s
counsel and the Company’s accountants in connection with the issue of the
Securities and all other expenses in connection with the preparation, printing,
reproduction and filing of the Offering Circular and any amendments and
supplements thereto and the mailing and delivering of copies thereof to the
Purchasers and dealers; (ii) the cost of printing or producing any Agreement
among Purchasers, this Agreement, the Joinder Agreement, the Indenture, the Registration Rights Agreement,
the Blue Sky Memorandum, closing documents (including any compilations thereof)
and any other documents in connection with the offering, purchase, sale and
delivery of the Securities; (iii) all expenses in connection with the
qualification of the Securities for offering and sale under state securities
laws as provided in Section 5(b) hereof, including the fees and disbursements
of counsel for the Purchasers in connection with such qualification and in
connection with the Blue Sky and legal investment surveys (not to exceed
$10,000 without the consent of the Company); (iv) any fees charged by securities
rating services 

 

14

 

for rating the Securities; (v) the cost of
preparation and delivery of the Securities and any charges of Euroclear and
Clearstream in connection therewith; (vi) the reasonable fees and
expenses of the Trustee  and any agent of the Trustee  and
the fees and disbursements of counsel for the Trustee  in connection
with the Indenture  and the Securities; (vii) any cost incurred in connection with
the designation of the Securities for trading in PORTAL; and (viii) all
other costs and expenses incident to the performance of its obligations
hereunder which are not otherwise specifically provided for in this Section. It
is understood, however, that, except as provided in this Section, and Sections
10 and 13 hereof, the Purchasers will pay all of their own costs and expenses,
including the fees of their counsel, transfer taxes on resale of any of the
Securities by them, and any advertising expenses connected with any offers they
may make and one third of the expenses of the expenses associated with any
chartered aircraft.

 

8.                                       The
obligations of the Purchasers hereunder shall be subject, in their discretion,
to the condition that all representations and warranties and other statements
of Varietal herein are, at and as of the Time of Delivery, true and correct,
the condition that Varietal shall have performed all of its obligations
hereunder theretofore to be performed, and the following additional conditions:

 

(a)                                  Cahill
Gordon & Reindel LLP, counsel for Goldman, Sachs & Co., shall have
furnished to you such opinion or opinions, dated the Time of Delivery, with
respect to the issuance and sale of the Securities, the Indenture, the
Registration Rights Agreement, the Offering Circular (as amended or
supplemented at the Closing Date) as well as such other related matters as you
may reasonably request, and such counsel shall have received such papers and
information as they may reasonably request to enable them to pass upon such
matters;

 

(b)                                 Kirkland
& Ellis LLP, counsel for Varietal, shall have furnished to you their
written opinion and negative assurance statement, dated the Time of Delivery,
in the form set forth in Annex II A hereto and Mr. Thomas D. Salus, Assistant
General Counsel of the Company shall have furnished to you his written opinion,
dated the Time of Delivery, in the form set forth in Annex II B hereto.

 

(c)                                  On
the date of the Offering Circular prior to the execution of this Agreement and
also at the Time of Delivery, KPMG LLP shall have furnished to you a letter or
letters, dated the respective dates of delivery thereof, in form and substance
satisfactory to you, to the effect set forth in Annex II hereto;

 

(d)                                 (i) Neither
the Company nor any of its subsidiaries shall have sustained since the date of
the latest audited financial statements included in the Offering Circular any
loss or interference with its business from fire, explosion, flood or other
calamity, whether or not covered by insurance, or from any labor dispute or
court or governmental action, order or decree, otherwise than as set forth or
contemplated in the Offering Circular, and (ii) since the respective dates as
of 

 

15

 

which information is given in the Offering
Circular there shall not have been any change in the capital stock or long-term
debt of the Company or any of its subsidiaries or any change, or any
development involving a prospective change, in or affecting the general
affairs, management, financial position, stockholders’ equity or results of
operations of the Company and its subsidiaries, otherwise than as set forth or
contemplated in the Offering Circular, the effect of which, in any such case
described in clause (i) or (ii), is in your judgment so material and adverse as
to make it impracticable or inadvisable to proceed with the offering or the
delivery of the Securities on the terms and in the manner contemplated in this
Agreement and  in the Offering Circular;

 

(e)                                  On
or after the Applicable Time (i) no downgrading shall have occurred in the
rating accorded the Company’s debt securities by any “nationally recognized
statistical rating organization”, as that term is defined by the Commission for
purposes of Rule 436(g)(2) under the Act, and (ii) no such organization shall
have publicly announced that it has under surveillance or review, with possible
negative implications, its rating of any of the Company’s debt securities;

 

(f)                                    On
or after the Applicable Time there shall not have occurred any of the
following:  (i) a suspension or material
limitation in trading in securities generally on the New York Stock Exchange;
(ii) a general moratorium on commercial banking activities declared by
either Federal or New York State authorities or a material disruption in commercial
banking or securities settlement or clearance services in the United States;
(iii) the outbreak or escalation of hostilities involving the United States or
the declaration by the United States of a national emergency or war; or (iv)
the occurrence of any other calamity or crisis or any change in financial,
political or economic conditions in the United States or elsewhere, if the
effect of any such event specified in clause (iii) or (iv) in your judgment
makes it impracticable or inadvisable to proceed with the offering or the
delivery of the Securities on the terms and in the manner contemplated in the
Offering Circular;

 

(g)                                 The
Securities have been designated for trading on PORTAL;

 

(h)                                 The
Purchasers shall have received counterparts of the Indenture that shall have
been executed and delivered by a duly authorized officer of each of Varietal,
the Company, each Guarantor and the Trustee;

 

(i)                                     The
Purchasers shall have received a counterpart of the Registration Rights
Agreement that shall have been executed and delivered by a duly authorized
officer of each of Varietal, the Company and each Guarantor;

 

16

 

(j)                                     The
Purchasers shall have received counterparts of the Joinder Agreement that shall
have been executed and delivered by a duly authorized officer of the Company
and each Guarantor;

 

(k)                                  The
Merger shall have been consummated in a manner consistent in all material
respects with the description thereof in the Offering Circular substantially
simultaneously with the purchase of the Securities by the Purchasers;

 

(l)                                     The
Company shall have furnished or caused to be furnished to you at the Time of
Delivery certificates of officers of the Company satisfactory to you as to the
accuracy of the representations and warranties of each of Varietal and the
Company herein at and as of such Time of Delivery, as to the performance by
each of Varietal and the Company of all of its obligations hereunder to be
performed at or prior to such Time of Delivery, as to the matters set forth in
subsection (e) of this Section and as to such other matters as you may
reasonably request;

 

(m)                               The
Company and each Guarantor shall have furnished to the Purchasers upon the
execution of the Joinder Agreement at the Time of Delivery a Secretary’s
Certificate, in the form of Exhibits B hereto, certifying, among other
things, as to (i) such entity’s, certificate of incorporation (or, if a limited
liability company, certificate of formation) and by-laws (or, if a limited
liability company, limited liability company agreement), (ii) the incumbency
and signatures of certain officers of such entity, and (iii) other corporate or
limited liability company, as the case may be, proceedings (including board
and/or stockholder or member resolutions) of such entity relating to the
authorization, execution and delivery of the Securities, this Agreement, the
Indenture, the Registration Rights Agreement and the other agreements relating
to the Transactions to which such entity is a party;

 

(n)                                 The
Company and each Guarantor shall have furnished to the Purchasers upon the
execution of the Joinder Agreement at the Time of Delivery an Officer’s
Certificate in the form of Exhibit C hereto, certifying that the
conditions specified in this Section 8 have been fulfilled or waived;

 

(o)                                 The
Company shall have delivered to the Purchasers upon the execution of the
Joinder Agreement at the Time of Delivery a certificate from the chief
financial officer or the Vice President and Treasurer of the Company, in the
form of Exhibit D hereto, certifying on behalf of the Company to the
effect that the Company and its Subsidiaries, on a consolidated basis, are and
immediately after giving effect to the Transactions will be, solvent; and

 

(p)                                 Prior
to the Time of Delivery, Varietal, the Company and each Guarantor shall have
furnished to the Purchasers such further information, certificates and 

 

17

 

documents as the Purchasers may reasonably
request, as set forth in the closing memorandum relating to the Transactions.

 

9.                                       Varietal
covenants and agrees, and, to the extent applicable, upon execution and
delivery of the Joinder Agreement, the Company and the Guarantors jointly and
severally covenant and agree, in each case with each of GSMP 2006 Onshore US,
Ltd., an exempted Cayman Islands
limited liability company (“GSMP Onshore”); GSMP 2006 Offshore US, Ltd.,
an exempted Cayman Islands
limited liability company (“GSMP Offshore”); GSMP 2006 Institutional US,
Ltd., an exempted Cayman Islands
limited liability company (“GSMP Institutional” and, together with GSMP
Onshore and GSMP Offshore, the “GSMP Purchasers”) and GS Mezzanine Partners 2006
Institutional, L.P., an exempted Cayman Islands limited partnership (the “GSMP
VCOC”), as the case may be, that:

 

(a)                                  So long as the
GSMP Purchasers collectively hold at least 37.5% in aggregate principal amount
of the outstanding Securities, the Company will furnish to the GSMP Purchasers
and to GSMP VCOC:

 

(i)                                     as
soon as available, but in any event not later than the fifth Business Day (as
defined in the Indenture) after the 90th day following the end of each fiscal
year of the Company, (i) its consolidated balance sheet and related
statements of income, stockholders’ equity and cash flows showing the financial
condition of the Company and its consolidated subsidiaries as of the close of
such fiscal year and the results of its operations and the operations of such
persons (as defined in the Indenture) during such year, together with
comparative figures for the immediately preceding fiscal year, all in
reasonable detail and prepared in accordance with GAAP (as defined in the
Indenture), all audited by KPMG LLP or other independent public accountants of
recognized national standing and (ii) an opinion of such accountants
(which opinion shall be without any qualification or exception as to the scope
of such audit) to the effect that such consolidated financial statements fairly
present the financial condition and results of operations of the Company and
its consolidated subsidiaries on a consolidated basis in accordance with GAAP
(it being agreed that the furnishing of the Company’s annual report on Form
10-K for such year, as filed with the Commission, will satisfy the Company’s
obligation under this Section 9(a)(i));

 

(ii)                                  as
soon as available, but in any event not later than the fifth Business Day after
the 45th day following the end of each of the first 3 fiscal quarters of each
fiscal year of the Company, its consolidated balance sheet and related
statements of income, stockholders’ equity and cash flows showing the financial
condition of the Company and its consolidated subsidiaries as of the close of
such fiscal quarter and the results of its operations and the 

 

18

 

operations of such persons during such fiscal
quarter and the then elapsed portion of the fiscal year, and for each fiscal
quarter occurring after the first anniversary of the Closing Date, comparative
figures for the same periods in the immediately preceding fiscal year, all
certified by the chief executive officer, the president, chief financial officer,
principal accounting officer, treasurer, assistant treasurer or controller of
the Company (each a “Financial Officer”) as fairly presenting in all
material respects the financial condition and results of operations of the
Company and its consolidated subsidiaries on a consolidated basis in accordance
with GAAP, subject to normal year-end audit adjustments and the absence of
footnotes (it being agreed that the furnishing of the Company’s quarterly
report on Form 10-Q for such quarter, as filed with the SEC will satisfy all of
the Company’s obligations under this Section 9(a)(ii) with respect to
such quarter);

 

(iii)                               concurrently
with delivery to Sponsor (as defined in the Indenture) or the board of
directors of the Company or the Parent, its consolidated balance sheet and
related statements of income, and to the extent delivered to Sponsor or board
of directors of the Company or Parent, the stockholders’ equity and cash flows
showing the financial condition of the Company and its consolidated
subsidiaries as of the close of each fiscal month and the results of its
operations and the operations of such persons during such fiscal month and the
then elapsed portion of the fiscal year, and for each fiscal month occurring
after the first anniversary of the Closing Date, comparative figures for the
same periods in the immediately preceding fiscal year; provided
that, if the financial information described in this clause (iii) with respect
to any month is not delivered to the Sponsor (as defined in the Indenture) or
the board of directors of the Company or the Parent (as defined in the
Indenture), the Company’s failure to deliver such financial information with
respect to such month to the GSMP Purchasers and GSMP VCOC shall not constitute
a breach of this clause (iii), so long as such failure does not occur with
respect to more than three consecutive fiscal months of the Company;

 

(iv)                              concurrently
with any delivery of any information under this Section 9(a)(i) or (ii),
a certificate of a Financial Officer of the Company (i) certifying that to
such Financial Officer’s knowledge, no Event of Default or Default has occurred
and is continuing or, if such an Event of Default or Default has occurred and
is continuing, reasonably specifying the nature thereof, (ii) setting
forth to the extent the Company utilized such ratio for any transaction during
the applicable period, computations in reasonable detail demonstrating the
Fixed Charge Coverage Ratio and 

 

19

 

the Total Net Leverage Ratio (each as defined
in the Indenture) as of the date of such financial statements;

 

(v)                                 as
soon as available, but in any event not later than the fifth Business Day after
the 90th day after the commencement of each fiscal year of the Company, copy of
the projections by the Company of the operating budget and cash flow budget of
the Company and its subsidiaries for such fiscal year, such projections to be
accompanied by a certificate of a Financial Officer of the Company to the
effect that such Financial Officer believes such projections to have been
prepared on the basis of reasonable assumptions;

 

(vi)                              simultaneously
with the delivery of any information under this Section 9(a), the
related consolidating financial statements reflecting the adjustments necessary
to eliminate the accounts of Unrestricted Subsidiaries from such consolidated
financial statements (but only to the extent such Unrestricted Subsidiaries (as
defined under the Indenture) would not be considered “minor” under Rule 3-10 of
Regulation S-X under the Securities Act);

 

(vii)                           simultaneously
with the delivery of any information under this Section 9(a),
management’s discussion and analysis of the important operational and financial
developments of the Company and its Restricted Subsidiaries during the respect
fiscal year or fiscal quarter, as the case may be; it being agreed that the
furnishing of the Company’s annual report on Form 10-K or quarterly report on
Form 10-Q, as filed with the SEC, will satisfy all of the Company’s obligations
under this Section 9(a)(vii);

 

(viii)                        after the
request by any GSMP Purchaser, all documentation and other information that
such GSMP Purchaser reasonably requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering
rules and regulations, including the USA PATRIOT Act;

 

(ix)                                promptly,
from time to time, such other information regarding the operations, business,
legal or corporate affairs and financial condition of the Company or any
Restricted Subsidiary (as defined in the Indenture), or compliance with the
terms of the Indenture or this Purchase Agreement, as the GSMP Purchasers or
GSMP VCOC may reasonably request;

 

(x)                                   promptly upon any Financial Officer or
any executive vice president, senior vice president, vice president, secretary
or assistant secretary of the Company (or any other officer or similar official
thereof responsible for the administration of the obligations of the Company in
respect of the 

 

20

 

Indenture or this Agreement) becoming
aware thereof, notice of the occurrence of any event that has had, or could
reasonably be expected to have, a Material Adverse Effect; and

 

(xi)                                in
addition, the Company will furnish to GSMP VCOC, concurrently with the delivery
thereof to the holders of Securities, all information required to be delivered
to the holders of Securities pursuant to Section 4.03 of the Indenture.

 

(b)                                 the
Company will, and will cause its Subsidiaries to, upon reasonable notice at
reasonable times from time to time and without causing undue disruption,
provide the GSMP Purchasers and GSMP VCOC and
their authorized representatives, subject
to compliance with Applicable Laws (as defined in the Indenture),
confidentiality obligations to third parties and attorney-client privilege,
reasonable access during normal business hours to all books and records,
facilities and properties of the Company and its Subsidiaries (including copies
of such documents as the Company reasonably approves);

 

(c)                                  GSMP
VCOC shall have the right to meet from time to time with such management
personnel of the Company and its direct and indirect subsidiaries, upon
reasonable notice to the Company, for the purpose of consulting with and
advising management, obtaining information on all matters relating to the
operation of the Company and its direct and indirect subsidiaries or expressing
the views of GSMP VCOC on such matters and, as may be reasonably requested and
on reasonable notice, to visit and inspect any of the properties of the Company
and its direct and indirect subsidiaries and to discuss its and their affairs,
finances and accounts with the management personnel of the Company and its
direct and indirect subsidiaries. The Company agrees, and shall cause its
direct and indirect subsidiaries, to give due consideration to any advice given
and proposals made by GSMP VCOC; provided, that the Company or such subsidiary
shall not be obligated to follow any such advice or proposals.

 

(d)                                 if
requested by the GSMP Purchasers upon reasonable notice and coordinated through
the Sponsor, the Company and its Subsidiaries will assist the GSMP Purchasers
in completing any sale process undertaken in connection with the private resale
of the Securities or any portion thereof, to prospective holders of Securities,
by (i) providing direct contact between senior management and advisors and
prospective purchasers; (ii) responding to inquiries of, and providing answers
to, prospective purchasers; (iii) providing assistance in completion of the
prospective purchasers’ due diligence review; and (iv) hosting one or more
meetings of prospective purchasers at the Company’s facilities or such other
location selected by the Company ; provided that
such assistance shall not be required more than two times per year or more than
five times during the term of the Securities (and it being understood that such
assistance will not include a 

 

21

 

preparation of an offering memorandum or a
similar document and that the Purchasers may not use the Offering Circular and
that such assistance will otherwise be limited to assistance set forth under items
(i) through (iv) above); and, provided, further, that such assistance shall not include
participation in any “road shows” or otherwise require senior management to
disclose any material nonpublic information to such prospective holder beyond
the information otherwise provided to such prospective holder pursuant to Section
13(a)(v) hereof.

 

10.                                 (a)                                  Varietal
agrees, and, upon due authorization, execution and delivery of the Joinder
Agreement, the Company and each Guarantor will jointly and severally agreed, to
indemnify and hold harmless each Purchaser against any losses, claims, damages
or liabilities, joint or several, to which such Purchaser may become subject,
under the Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in
the Offering Circular, or any amendment or supplement thereto, any Company
Supplemental Disclosure Document, or arise out of or are based upon the
omission or alleged omission to state therein a material fact necessary to make
the statements therein not misleading, and will reimburse each Purchaser for
any legal or other expenses reasonably incurred by such Purchaser in connection
with investigating or defending any such action or claim as such expenses are
incurred; provided, however, that Varietal, the Company and
each Guarantor shall not be liable in any such case to the extent that any such
loss, claim, damage or liability arises out of or is based upon an untrue
statement or alleged untrue statement or omission or alleged omission made in
the Offering Circular or any such amendment or supplement, or any Company Supplemental
Disclosure Document, in reliance upon and in conformity with written
information furnished to Varietal, the Company or any Guarantor by any
Purchaser through Goldman, Sachs & Co. expressly for use therein.

 

(b)                                 Each
Purchaser will indemnify and hold harmless, as of the date hereof, Varietal,
and, upon the execution and delivery of the Joinder Agreement, the Company and
each Guarantor, against any losses, claims, damages or liabilities to which
Varietal, and, upon the execution and delivery of the Joinder Agreement, the
Company and each Guarantor, become subject, under the Act or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon an untrue statement or alleged untrue statement
of a material fact contained in the Offering Circular, or any amendment or
supplement thereto, or any Company Supplemental Disclosure Document, or arise
out of or are based upon the omission or alleged omission to state therein a
material fact or necessary to make the statements therein not misleading, in each
case to the extent, but only to the extent, that such untrue statement or
alleged untrue 

 

22

 

statement or omission or alleged omission was made in the Offering
Circular or any such amendment or supplement, or any Company Supplemental
Disclosure Document in reliance upon and in conformity with written information
furnished to Varietal, the Company or any Guarantor by such Purchaser through
Goldman, Sachs & Co. expressly for use therein; and will reimburse the
Company for any legal or other expenses reasonably incurred by Varietal, the
Company or any Guarantor in connection with investigating or defending any such
action or claim as such expenses are incurred.

 

(c)                                  Promptly
after receipt by an indemnified party under subsection (a) or (b) above of
notice of the commencement of any action, such indemnified party shall, if a
claim in respect thereof is to be made against the indemnifying party under
such subsection, notify the indemnifying party in writing of the commencement
thereof; but the omission so to notify the indemnifying party shall not relieve
it from any liability which it may have to any indemnified party otherwise than
under such subsection. In case any such action shall be brought against any
indemnified party and it shall notify the indemnifying party of the
commencement thereof, the indemnifying party shall be entitled to participate
therein and, to the extent that it shall wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with
counsel satisfactory to such indemnified party (who shall not, except with the
consent of the indemnified party, be counsel to the indemnifying party), and,
after notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof, the indemnifying party shall not be
liable to such indemnified party under such subsection for any legal expenses
of other counsel or any other expenses, in each case subsequently incurred by
such indemnified party, in connection with the defense thereof other than
reasonable costs of investigation. No indemnifying party shall, without the
written consent of the indemnified party, effect the settlement or compromise
of, or consent to the entry of any judgment with respect to, any pending or
threatened action or claim in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified party is an actual or
potential party to such action or claim) unless such settlement, compromise or
judgment (i) includes an unconditional release of the indemnified party from
all liability arising out of such action or claim and (ii) does not include a
statement as to, or an admission of, fault, culpability or a failure to act, by
or on behalf of any indemnified party.

 

(d)                                 If
the indemnification provided for in this Section 10 is unavailable to or
insufficient to hold harmless an indemnified party under subsection (a) or (b)
above in respect of any losses, claims, damages or liabilities (or actions in
respect thereof) referred to therein, then each indemnifying party shall
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages or liabilities (or actions in respect thereof)
in such proportion as 

 

23

 

is appropriate to reflect the relative benefits received by Varietal,
the Company and any Guarantor on the one hand and the Purchasers on the other
from the offering of the Securities. If, however, the allocation provided by
the immediately preceding sentence is not permitted by applicable law or if the
indemnified party failed to give the notice required under subsection (c)
above, then each indemnifying party shall contribute to such amount paid or
payable by such indemnified party in such proportion as is appropriate to
reflect not only such relative benefits but also the relative fault of
Varietal, the Company and any Guarantor on the one hand and the Purchasers on
the other in connection with the statements or omissions which resulted in such
losses, claims, damages or liabilities (or actions in respect thereof), as well
as any other relevant equitable considerations. The relative benefits received
by Varietal, the Company and any Guarantor on the one hand and the Purchasers
on the other shall be deemed to be in the same proportion as the total net
proceeds from the offering (before deducting expenses) received by Varietal,
the Company and any Guarantor bear to the total underwriting discounts and
commissions received by the Purchasers, in each case as set forth in the
Offering Circular. The relative fault shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to information supplied by Varietal, the Company or any Guarantor on
the one hand or the Purchasers on the other and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission. Varietal, and, upon the execution and delivery of the
Joinder Agreement, the Company and each Guarantor, and the Purchasers agree
that it would not be just and equitable if contribution pursuant to this
subsection (d) were determined by pro rata allocation (even if the Purchasers
were treated as one entity for such purpose) or by any other method of
allocation which does not take account of the equitable considerations referred
to above in this subsection (d). The amount paid or payable by an indemnified
party as a result of the losses, claims, damages or liabilities (or actions in
respect thereof) referred to above in this subsection (d) shall be deemed to
include any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this subsection (d), no Purchaser shall be required to
contribute any amount in excess of the amount by which the total price at which
the Securities underwritten by it and distributed to investors were offered to
investors exceeds the amount of any damages which such Purchaser has otherwise
been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. The Purchasers’ obligations in this subsection
(d) to contribute are several in proportion to their respective underwriting
obligations and not joint.

 

(e)                                  The
obligations of Varietal, and, upon the execution and delivery of the Joinder Agreement,
the Company and each Guarantor, under this Section 10 shall be in 

 

24

 

addition to any liability which the Company may otherwise have and
shall extend, upon the same terms and conditions, to any affiliate of each
Purchaser and each person, if any, who controls any Purchaser within the
meaning of the Act; and the obligations of the Purchasers under this Section 10
shall be in addition to any liability which the respective Purchasers may
otherwise have and shall extend, upon the same terms and conditions, to each
officer and director of Varietal, and, upon the execution and delivery of the
Joinder Agreement, the Company and each Guarantor, and to each person, if any,
who controls Varietal, and, upon the execution and delivery of the Joinder
Agreement, the Company and each Guarantor, within the meaning of the Act.

 

11.                                 (a)                                  If
any Purchaser shall default in its obligation to purchase the Securities which
it has agreed to purchase hereunder, you may in your discretion arrange for you
or another party or other parties to purchase such Securities on the terms
contained herein. If within thirty-six hours after such default by any
Purchaser you do not arrange for the purchase of such Securities, then Varietal
shall be entitled to a further period of thirty-six hours within which to
procure another party or other parties satisfactory to you to purchase such
Securities on such terms. In the event that, within the respective prescribed
periods, you notify Varietal that you have so arranged for the purchase of such
Securities, or Varietal notifies you that it has so arranged for the purchase
of such Securities, you or Varietal shall have the right to postpone the Time
of Delivery for a period of not more than 
seven days, in order to effect whatever changes may thereby be made
necessary in the Offering Circular, or in any other documents or arrangements,
and Varietal agrees to prepare promptly any amendments to the Offering Circular
which in your opinion may thereby be made necessary. The term “Purchaser” as
used in this Agreement shall include any person substituted under this Section
with like effect as if such person had originally been a party to this
Agreement with respect to such Securities.

 

(b)                                 If,
after giving effect to any arrangements for the purchase of the Securities of a
defaulting Purchaser or Purchasers by you and Varietal as provided in
subsection (a) above, the aggregate principal amount of such Securities which
remains unpurchased does not exceed one-eleventh of the aggregate principal
amount of all the Securities, then Varietal shall have the right to require
each non-defaulting Purchaser to purchase the principal amount of Securities
which such Purchaser agreed to purchase hereunder and, in addition, to require
each non-defaulting Purchaser to purchase its pro rata share (based on the
principal amount of Securities  which
such Purchaser agreed to purchase hereunder) of the Securities of such
defaulting Purchaser or Purchasers for which such arrangements have not been
made; but nothing herein shall relieve a defaulting Purchaser from liability
for its default.

 

25

 

(c)                                  If,
after giving effect to any arrangements for the purchase of the Securities of a
defaulting Purchaser or Purchasers by you and Varietal as provided in
subsection (a) above, the aggregate principal amount of Securities which
remains unpurchased exceeds one-eleventh of the aggregate principal amount of
all the Securities, or if Varietal shall not exercise the right described in
subsection (b) above to require non-defaulting Purchasers to purchase Securities
of a defaulting Purchaser or Purchasers, then this Agreement shall thereupon
terminate, without liability on the part of any non-defaulting Purchaser or
Varietal, except for the expenses to be borne by Varietal and the Purchasers as
provided in Section 6 hereof and the indemnity and contribution agreements in
Section 10 hereof; but nothing herein shall relieve a defaulting Purchaser from
liability for its default.

 

12.                                 The
respective indemnities, agreements, representations, warranties and other
statements of Varietal, and, upon the execution and delivery of the Joinder
Agreement, the Company and each Guarantor, and the several Purchasers, as set
forth in this Agreement or made by or on behalf of them, respectively, pursuant
to this Agreement, shall remain in full force and effect, regardless of any
investigation (or any statement as to the results thereof) made by or on behalf
of any Purchaser or any controlling person of any Purchaser, or Varietal, or,
upon the execution and delivery of the Joinder Agreement, the Company or any
Guarantor, or any officer or director or controlling person of Varietal, and,
upon the execution and delivery of the Joinder Agreement, the Company and each
Guarantor, and shall survive delivery of and payment for the Securities.

 

13.                                 (a)                                  Subject
to the provisions of clauses (b) and (d) of this Section 13,
each of the GSMP Purchasers and each GSMP VCOC agrees that it will not disclose
without the prior written (including e-mail) consent of the Company (other than
to its employees, auditors, investors, partners, creditors, advisors, counsel
or any rating agencies that are reviewing securities or loans issued by such
GSMP Purchaser or such GSMP VCOC, in each case, to the extent such disclosure
reasonably relates to the administration of the investment represented by its
Securities and who are informed that such information is subject to the
provisions of this Section 13 and who enter into confidentiality
arrangements with such GSMP Purchaser or such GSMP VCOC reasonably satisfactory
to such GSMP Purchaser or such GSMP VCOC) any information which has been
furnished to such GSMP Purchaser or such GSMP VCOC in connection with its
evaluation of an investment in the Securities and of the other transactions
referred to herein or is now or in the future furnished pursuant to this
Agreement (including Section 9(a) and (b) hereof); provided that any GSMP Purchaser
or any GSMP VCOC may disclose any such information (i) as was or has
become generally available to the public other than by virtue of a breach of
this Section 13(a) or any other confidentiality obligation by
such GSMP Purchaser or GSMP VCOC or any other person to whom such GSMP
Purchaser or GSMP VCOC has provided such information as permitted by this Section 13,
(ii) as may be required in any report, statement or 

 

26

 

testimony required to be
submitted to any municipal, state or Federal regulatory body having or claiming
to have jurisdiction over such GSMP Purchaser or GSMP VCOC or to the Commission
or similar organizations (whether in the United States of America or elsewhere)
or their successors, (iii) as may be required or in the opinion of counsel
appropriate in respect of any summons or subpoena or in connection with any
litigation, (iv) as may be required or in the opinion of counsel appropriate in
order to comply with any law, order, regulation or ruling applicable to such GSMP
Purchaser or GSMP VCOC and (v) to any prospective or actual holder of
Securities, in connection with any contemplated transfer of any of the
Securities by such GSMP Purchaser; provided that prior to or
concurrently with any disclosure of information to any person pursuant to this
clause (v) any such prospective or actual holder of Securities expressly agrees
in writing to be bound by the confidentiality provisions contained in this Section 13
pursuant to a confidentiality agreement with the Company embodying the
provisions of this Section 13 (other than this clause (v)). Each of
the GSMP Purchasers and GSMP VCOC agrees that in the event it intends to
disclose confidential information in accordance with clauses (ii), (iii) or
(iv) above, it shall, to the extent reasonably practicable, provide the Company
notice of such requirement prior to making any disclosure so that the Company
may seek an appropriate protective order or confidential treatment of the
information being disclosed.

 

(b)                                 The
Company hereby acknowledges and agrees that each GSMP Purchaser and GSMP VCOC
may share with any of its Affiliates, and such Affiliates may share with such
GSMP Purchaser and GSMP VCOC, any information related to the Company or any of
its subsidiaries (including any nonpublic information regarding the
creditworthiness of the Company or any of its subsidiaries) to the extent such
sharing reasonably relates to the administration of the investment represented
by its Securities and such Affiliates are informed that such information is
subject to the provisions of this Section 13; provided such persons
shall be subject to the provisions of this Section 13 to the same
extent as such GSMP Purchaser and such GSMP VCOC.

 

(c)                                  Notwithstanding anything herein to the
contrary, each of Varietal and, upon the execution and delivery of the
Joinder Agreement, the Company and each Guarantor, (and Varietal’s and, upon the execution and delivery of the
Joinder Agreement, the Company’s and each Guarantor’s, employees, representatives, and other agents) are authorized to
disclose to any and all persons, the tax treatment and tax structure of the
potential transaction and all materials of any kind (including tax opinions and
other tax analyses) provided to Varietal, the Company or any Guarantor relating
to that treatment and structure, without the Purchasers’ imposing any
limitation of any kind. However, any information relating to the tax treatment
and tax structure shall remain confidential (and the 

 

27

 

foregoing
sentence shall not apply) to the extent necessary to enable any person to
comply with securities laws. For this purpose, “tax treatment” means US federal
and state income tax treatment, and “tax structure” is limited to any facts
that may be relevant to that treatment.

 

14.           If this Agreement shall
be terminated pursuant to Section 11 hereof, Varietal shall not then be
under any liability to any Purchaser except as provided in Sections 7 and 10
hereof; but, if for any other reason, the Securities are not delivered by or on
behalf of the Varietal and Company as provided herein, Varietal and the Company
will reimburse the Purchasers through you for all expenses approved in writing
by you, including fees and disbursements of counsel, reasonably incurred by the
Purchasers in making preparations for the purchase, sale and delivery of the
Securities, but Varietal and the Company shall then be under no further
liability to any Purchaser except as provided in Sections 7 and 10 hereof.

 

15.           In all dealings hereunder,
you shall act on behalf of each of the Purchasers, and the parties hereto shall
be entitled to act and rely upon any statement, request, notice or agreement on
behalf of any Purchaser made or given by you jointly or by Goldman, Sachs & Co. on behalf of you as the
representatives.

 

All statements, requests, notices and agreements hereunder shall be in
writing, and if to the Purchasers shall be delivered or sent by mail (including
electronic mail), telex or facsimile transmission to you as the representatives
in care of Goldman, Sachs &
Co., One New York Plaza, 42nd Floor, New York, New York
10004, Attention:  Registration
Department; and if to Varietal, the Company or any Guarantor shall be delivered
or sent by mail (including electronic mail), telex or facsimile transmission to
the address of the Company set forth in the Offering Circular, Attention:  Secretary; provided,
however, that any notice to a
Purchaser pursuant to Section 10(c) hereof shall be delivered or sent
by mail, telex or facsimile transmission to such Purchaser at its address set
forth in its Purchasers’ Questionnaire, or telex constituting such
Questionnaire, which address will be supplied to the Company by you upon
request. Any such statements, requests, notices or agreements shall take effect
upon receipt thereof.

 

16.           This Agreement shall be
binding upon, and inure solely to the benefit of, the Purchasers, Varietal and,
upon the execution and delivery of the Joinder Agreement, the Company and each
Guarantor, and, to the extent provided in Sections 10 and 12 hereof, the
officers and directors of Varietal, upon the execution and delivery of the
Joinder Agreement, the Company and each Guarantor, and each person who controls
Varietal, or, upon the execution and delivery of the Joinder Agreement, the
Company or any Guarantor, or any Purchaser, and their respective heirs,
executors, administrators, successors and assigns, and no other person shall
acquire or have any right under or by virtue of this Agreement. No purchaser of
any of the Securities from any Purchaser shall be deemed a successor or assign
by reason merely of such purchase.

 

17.           Time shall be of the
essence of this Agreement.

 

28

 

18.           Varietal, and, upon the
execution and delivery of the Joinder Agreement, the Company and each
Guarantor, acknowledges and agrees that (i) the purchase and sale of the
Securities pursuant to this Agreement is an arm’s-length commercial transaction
between Varietal, and, upon the execution and delivery of the Joinder
Agreement, the Company and each Guarantor, on the one hand, and the several
Purchasers, on the other, (ii) in connection therewith and with the
process leading to such transaction each Purchaser is acting solely as a
principal and not the agent or fiduciary of Varietal, and, upon the execution
and delivery of the Joinder Agreement, the Company and each Guarantor, (iii) no
Purchaser has assumed an advisory or fiduciary responsibility in favor of
Varietal, or, upon the execution and delivery of the Joinder Agreement, the
Company and each Guarantor, with respect to the offering contemplated hereby or
the process leading thereto (irrespective of whether such Purchaser has advised
or is currently advising Varietal, the Company or any Guarantor on other
matters) or any other obligation to the Company except the obligations
expressly set forth in this Agreement and (iv) each of Varietal, the
Company and each Guarantor has consulted its own legal and financial advisors
to the extent it deemed appropriate. Each of Varietal, the Company and each
Guarantor agrees that it will not claim that the Purchaser, or any of them, has
rendered advisory services of any nature or respect, or owes a fiduciary or
similar duty to Varietal, the Company or any Guarantor, in connection with such
transaction or the process leading thereto.

 

19.           This Agreement
supersedes all prior agreements and understandings (whether written or oral)
between Varietal, the Company, any Guarantor and the Purchasers, or any of
them, with respect to the subject matter hereof.

 

20.          This Agreement shall be
governed by and construed in accordance with the laws of the State of New York.

 

21.           Varietal and, upon the
execution and delivery of the Joinder Agreement, the Company and each
Guarantor, and each of the Purchasers hereby irrevocably waives, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any
legal proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby.

 

22.           This Agreement may be
executed by any one or more of the parties hereto in any number of
counterparts, each of which shall be deemed to be an original, but all such
respective counterparts shall together constitute one and the same instrument.

 

23.           Notwithstanding anything herein to the contrary, each of Varietal and,
upon the execution and delivery of the Joinder Agreement, the Company and each
Guarantor, (and Varietal’s and,
upon the execution and delivery of the Joinder Agreement, the Company’s and
each Guarantor’s, employees,
representatives, and other agents) are authorized to disclose to any and all
persons, the tax treatment and tax structure of the potential transaction and
all materials of any kind (including tax opinions and other tax analyses) provided
to Varietal, 

 

29

 

the
Company or any Guarantor relating to that treatment and structure, without the
Purchasers’ imposing any limitation of any kind. However, any information
relating to the tax treatment and tax structure shall remain confidential (and
the foregoing sentence shall not apply) to the extent necessary to enable any
person to comply with securities laws. For this purpose, “tax treatment” means
US federal and state income tax treatment, and “tax structure” is limited to
any facts that may be relevant to that treatment.

 

24.           The obligation of
Varietal and, upon the execution and delivery of the Joinder Agreement, the
Company and the Guarantors in respect of any sum due to any of the Purchasers
or other indemnified party, as applicable, shall, notwithstanding any judgment
in a currency other than U.S. Dollars, not be discharged until the first
business day, following receipt by such Purchaser or other indemnified party,
as applicable, of any sum adjudged to be so due in such other currency, on
which (and only to the extent that) such Purchaser or other indemnified party,
as applicable, may in accordance with normal banking procedures purchase U.S.
Dollars with such other currency; if U.S. Dollars so purchased are less than
the sum originally due to the Purchaser or other indemnified party, as
applicable, hereunder, Varietal and the Company agree, as a separate obligation
and notwithstanding any such judgment, to indemnify such Purchaser or other indemnified
party, as applicable, against such loss. If U.S. Dollars so purchased are
greater than the sum originally due to the Purchaser or other indemnified
party, as applicable, hereunder, such Purchaser or other indemnified party, as
applicable, agrees to pay to Varietal and/or the Company, as the case may be,
an amount equal to the excess of U.S. Dollars so purchased over the sum
originally due to the Purchaser or other indemnified party, as applicable,
hereunder.

 

30

 

If the foregoing is in accordance with your understanding, please sign
and return to us one for Varietal and
each of the representatives plus one for each counsel counterparts
hereof, and upon the acceptance hereof by you, on behalf of each of the
Purchasers, this letter and such acceptance hereof shall constitute a binding
agreement between each of the Purchasers and Varietal. It is understood that
your acceptance of this letter on behalf of each of the Purchasers is pursuant
to the authority set forth in a form of Agreement among Purchasers, the form of
which shall be submitted to Varietal for examination upon request, but without
warranty on your part as to the authority of the signers thereof.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
  VARIETAL
  DISTRIBUTION MERGER SUB, 

  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

31

 

	
  Accepted as of the date hereof:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  GOLDMAN, SACHS & CO.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

32

 

Accepted as of the date hereof:

 

 

	
  GSMP 2006 ONSHORE US, LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  GSMP 2006 OFFSHORE US, LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  GSMP
  2006 INSTITUTIONAL US, LTD.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  GS MEZZANINE PARTNERS 2006 INSTITUTIONAL, 

  L.P., as a beneficiary of Section 9

  	
   

  
	
   

  	
   

  	
   

  
	
  By: GS Mezzanine Advisors
  2006, L.L.C., its general 

    partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

33

 

SCHEDULE I

	
  Purchaser

  	
   

  	
  Principal 

  Amount of 

  Securities

  to be Purchased

  in U.S. Dollars

  	
   

  	
  Principal 

  Amount of 

  Securities 

  to be Purchased 

  in Euros

  	
   

  
	
  GSMP
  2006 Onshore US, Ltd.

  	
   

  	
  $

  	
  162,984,000.00

  	
   

  	
  €

  	
  57,627,000.00

  	
   

  
	
  GSMP
  2006 Offshore US, Ltd.

  	
   

  	
  $

  	
  111,882,000.00

  	
   

  	
  €

  	
  39,559,000.00

  	
   

  
	
  GSMP
  2006 Institutional US, Ltd.

  	
   

  	
  $

  	
  22,064,000.00

  	
   

  	
  €

  	
  7,801,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  296,930,000.00

  	
   

  	
  €

  	
  104,987,000.00

  	
   

  

 

 

SCHEDULE II

 

(a)           Additional
Documents Incorporated by Reference:

 

None

 

(b)           Approved
Supplemental Disclosure Documents:

 

None

 

 

ANNEX
I

 

(1)           The
Securities have not been and will not be registered under the Act and may not
be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons except in accordance with Regulation S under the Act
or pursuant to an exemption from the registration requirements of the Act. Each
Purchaser represents that it has offered and sold the Securities, and will
offer and sell the Securities (i) as part of their distribution at any
time and (ii) otherwise until 40 days after the later of the commencement
of the offering and the Time of Delivery, only in accordance with Rule 903
of Regulation S or, Rule 144A or pursuant to Paragraph 2 of this Annex I
under the Act. Accordingly, each Purchaser agrees that neither it, its
affiliates nor any persons acting on its or their behalf has engaged or will
engage in any directed selling efforts with respect to the Securities, and it
and they have complied and will comply with the offering restrictions
requirement of Regulation S. Each Purchaser agrees that, at or prior to confirmation
of sale of Securities (other than a sale pursuant to Rule 144A) or
pursuant to Paragraph 2 of this Annex I, it will have sent to each distributor,
dealer or person receiving a selling concession, fee or other remuneration that
purchases Securities from it during the restricted period a confirmation or
notice to substantially the following effect:

 

“The
Securities covered hereby have not been registered under the U.S. Securities
Act of 1933 (the “Securities Act”) and may not be offered and sold within the
United States or to, or for the account or benefit of, U.S. persons (i) as
part of their distribution at any time or (ii) otherwise until 40 days
after the later of the commencement of the offering and the closing date,
except in either case in accordance with Regulation S (or Rule 144A if
available) under the Securities Act. Terms used above have the meaning given to
them by Regulation S.”

 

Terms used in this paragraph have the
meanings given to them by Regulation S.

 

Each Purchaser further agrees that it has not
entered and will not enter into any contractual arrangement with respect to the
distribution or delivery of the Securities, except with its affiliates or with
the prior written consent of the Company.

 

(2)           Notwithstanding
the foregoing, Securities in registered form may be offered, sold and delivered
by the Purchasers in the United States and to U.S. persons pursuant to Section 3
of this Agreement without delivery of the written statement required by
paragraph (1) above.

 

(3)           Each
Purchaser agrees that it will not offer, sell or deliver any of the Securities
in any jurisdiction outside the United States except under circumstances that
will result in compliance with the applicable laws thereof, and that it will
take at its own expense whatever action is required to permit its purchase and
resale of the Securities in such 

 

A-I-1

 

jurisdictions. Each Purchaser understands
that no action has been taken to permit a public offering in any jurisdiction
outside the United States where action would be required for such purpose. Each
Purchaser agrees not to cause any advertisement of the Securities to be
published in any newspaper or periodical or posted in any public place and not
to issue any circular relating to the Securities, except in any such case with
Goldman, Sachs & Co.’s express written consent and then only at its own
risk and expense.

 

A-I-2

 

ANNEX
II-A

 

Form of
Kirkland & Ellis LLP Opinion

 

[to come]

 

A-II-A-1

 

ANNEX
II-B

 

Form of
Opinion of Mr. Thomas D. Salus

 

[to come]

 

A-II-B-1

 

ANNEX
III

 

Pursuant to Section 8(d) of the Purchase Agreement, the
accountants shall furnish letters to the Purchasers to the effect that:

 

(i)            They
are an independent registered public accounting firm with respect to the
Company and its subsidiaries within the
meaning of the Securities Exchange Act of 1934 (the “Exchange Act”) and
the applicable published rules and regulations thereunder adopted by the
Securities and Exchange Commission and the Public Accounting Oversight Board
(United States) under rule 101 of the American Institute of Certified
Public Accountants’ Code of Professional Conduct, and its interpretations and
rulings;

 

(ii)           In
our opinion, the consolidated financial statements and financial statement
schedules audited by us and included in the Offering Circular comply as to form
in all material respects with the applicable requirements of the Exchange Act
and the related published rules and regulations;

 

(iii)          The
unaudited selected financial information with respect to the consolidated
results of operations and financial position of the Company for the five most
recent fiscal years included in the Offering Circular agrees with the
corresponding amounts (after restatements where applicable) in the audited
consolidated financial statements for such five fiscal years;

 

(iv)          On
the basis of limited procedures not constituting an audit in accordance with
generally accepted auditing standards, consisting of a reading of the unaudited
financial statements and other information referred to below, a reading of the
latest available interim financial statements of the Company and its
subsidiaries, inspection of the minute books of the Company and its subsidiaries
since the date of the latest audited financial statements included in the
Offering Circular, inquiries of officials of the Company and its subsidiaries
responsible for financial and accounting matters and such other inquiries and
procedures as may be specified in such letter, nothing came to their attention
that caused them to believe that:

 

(A)          the
unaudited consolidated statements of income, consolidated balance sheets and consolidated
statements of cash flows included in the Offering Circular are not in
conformity with generally accepted accounting principles applied on the basis
substantially consistent with the basis for the unaudited condensed
consolidated statements of income, consolidated balance sheets and consolidated
statements of cash flows included in the Offering Circular;

 

(B)           any
other unaudited income statement data and balance sheet items included in the
Offering Circular do not agree with the corresponding items in the unaudited
consolidated financial statements from which such data and items were derived, 

 

A-III-1

 

and any such unaudited data and items were
not determined on a basis substantially consistent with the basis for the
corresponding amounts in the audited consolidated financial statements included
in the Offering Circular;

 

(C)           the
unaudited financial statements which were not included in the Offering Circular
but from which were derived any unaudited condensed financial statements
referred to in clause (A) and any unaudited income statement data and
balance sheet items included in the Offering Circular and referred to in clause
(B) were not determined on a basis substantially consistent with the basis
for the audited consolidated financial statements included in the Offering
Circular;

 

(D)          any
unaudited pro forma consolidated condensed financial statements included in the
Offering Circular do not comply as to form in all material respects with the
applicable accounting requirements or the pro forma adjustments have not been
properly applied to the historical amounts in the compilation of those
statements;

 

(E)           as
of a specified date not more than five days prior to the date of such letter,
there have been any changes in the consolidated capital stock (other than
issuances of capital stock upon exercise of options and stock appreciation
rights, upon earn-outs of performance shares and upon conversions of
convertible securities, in each case which were outstanding on the date of the
latest financial statements included in the Offering Circular or any increase in
the consolidated long-term debt of the Company and its subsidiaries, or any
decreases in consolidated net current assets or stockholders’ equity or other
items specified by the Representatives, or any increases in any items specified
by the Representatives, in each case as compared with amounts shown in the
latest balance sheet included in the Offering Circular except in each case for
changes, increases or decreases which the Offering Circular discloses have
occurred or may occur or which are described in such letter; and

 

(F)           for
the period fro the date of the latest financial statements included in the
Offering Circular to the specified date referred to in clause (E) there
were any decreases in consolidated net revenues or operating profit or the
total or per share amounts of consolidated net income or other items specified
by the Representatives, or any increases in any items specified by the Representatives,
in each case as compared with the comparable period of the preceding year and
with any other period of corresponding length specified by the Representatives,
except in each case for decreases or increases which the Offering Circular
discloses have occurred or may occur or which are described in such letter; and

 

(v)           In
addition to the examination referred to in their report(s) included in the
Offering Circular and the limited procedures, inspection of minute books,
inquiries and other procedures referred to in paragraphs (iii) and (iv) above,
they have carried out certain specified procedures, not constituting an audit
in accordance with generally accepted 

 

A-III-2

 

auditing standards, with respect to certain
amounts, percentages and financial information specified by the
Representatives, which are derived from the general accounting records of the
Company and its subsidiaries, which appear in the Offering Circular, and have
compared certain of such amounts, percentages and financial information with
the accounting records of the Company and its subsidiaries and have found them
to be in agreement.

 

A-III-3

 

Exhibit A

 

Form of Joinder Agreement

 

WHEREAS,
Varietal Distribution Merger Sub, Inc., a Delaware corporation (“Varietal”),
and the Purchasers named therein (the “Purchasers”) heretofore executed
and delivered a Purchase Agreement, dated June 27, 2007 (the “Purchase
Agreement”), providing for the issuance and sale of the Securities
(capitalized terms used herein and not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Purchase Agreement); and

 

WHEREAS,
as a condition to the consummation of the offering of the Securities, each of
the Company and Guarantors, none of which was originally a party thereto, has
agreed to join in the Purchase Agreement on the Closing Date upon consummation
of the Merger.

 

NOW,
THEREFORE, each of the Company and the Guarantors, jointly and severally,
hereby agrees for the benefit of the Purchasers, as follows:

 

1.             Joinder. Each
of the undersigned hereby acknowledges that it has received and reviewed a copy
of the Purchase Agreement and all other documents it deems fit prior to
entering into this Joinder Agreement (the “Joinder Agreement”), and acknowledges
and agrees to (i) join and become a party to the Purchase Agreement as
indicated by its signature below; (ii) be bound by all covenants,
agreements, representations, warranties and acknowledgments attributable to an
indemnifying party in the Purchase Agreement as if made by, and with respect to,
each signatory hereto; and (iii) perform all obligations and duties required
of an indemnifying party pursuant to the Purchase Agreement.

 

2.             Representations
and Warranties and Agreements of the Surviving Corporation and the Guarantors.
Each of the undersigned hereby represents and warrants to and agrees with the
Purchasers that it has all the requisite power and authority to execute,
deliver and perform its obligations under this Joinder Agreement and the
consummation of the transaction contemplated hereby has been duly and validly
taken and that, when this Joinder Agreement is executed and delivered, it will
constitute a valid and legally binding agreement enforceable against each of
the undersigned in accordance with its terms.

 

3.             Counterparts.
This Joinder Agreement may be executed by any one or more of the parties hereto
in any number of counterparts, each of which shall be deemed to be an original,
but all such respective counterparts shall together constitute one and the same
instrument.

 

4.             Amendments. No
amendment or waiver of any provision of this Joinder Agreement, nor any consent
or approval to any departure therefrom, shall in any event be effective unless
the same shall be in writing and signed by the parties thereto.

 

5.             Applicable Law.
This Agreement shall be governed by and construed in accordance with the laws
of the State of New York.

 

6.             Effectiveness.
This Agreement shall be effective upon consummation of the Merger.

 

 

IN WITNESS WHEREOF, the undersigned has executed this agreement this 27th
day of June, 2007.

 

 

	
   

  	
  VWR FUNDING, INC. (formerly known as CDRV 

  INVESTORS, INC.)  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [GUARANTORS]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

Exhibit B

 

Form of
Secretary’s Certificate

 

[COMPANY]

 

SECRETARY’S CERTIFICATE

JUNE [   ], 2007

 

Reference is made to (i) the Purchase
Agreement, dated as of June 26, 2007 (the “Senior Notes Purchase
Agreement”), by and among Varietal Distribution Merger Sub, Inc. (“Merger
Sub”) and Goldman, Sachs & Co., Banc of America Securities LLC,
J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc., as
representatives of the initial purchasers named on Schedule I thereto (the
“Representatives”) and (ii) the Purchase Agreement dated as of June 27,
2007 (the “Subordinated Notes Purchase Agreement” and, together with the
Senior Notes Purchase Agreement, the “Purchase Agreements”), by and
among Merger Sub, GSMP 2006 Onshore US Ltd., an exempted company organized
under the laws of the Cayman Islands, GSMP 2006 Offshore US Ltd., an exempted
company organized under the laws of the Cayman Islands, GSMP 2006 Institutional
US Ltd., an exempted company organized under the laws of the Cayman Islands, GS
Mezzanine Partners 2006 Institutional L.P., an exempted limited partnership
organized under the laws of the Cayman Islands, 
and Goldman, Sachs & Co. (“Goldman”) as representative
of the initial purchasers named therein. Capitalized terms used and not
otherwise defined herein have the meanings assigned to such terms in Exhibit A
to this certificate.

 

1.             The undersigned
[            ] of
[Company], a Delaware
[            ]  (the “Company”), hereby certifies that
[            ] is
the duly elected and qualified Assistant Secretary  of
the Company and the signature set forth on the signature line for such officer
below is such officer’s true and genuine signature, and such officer is duly
authorized to execute and deliver on behalf of the Company this certificate.

 

2.             Solely on behalf of
the Company in [his][her] capacity as
[            ] of
the Company, the undersigned hereby certifies as follows:

 

(a) Attached hereto as Exhibit A is a complete and correct
copy of the resolutions duly adopted by the Board of Directors of the Company
authorizing the execution, delivery and performance of (i) the Joinders; (ii) the
Registration Rights Agreements; (iii) the Supplemental Indentures; and (iv) all
other transactions and agreements with respect to the issuance and sale of by
Merger Sub of (x) the
10.25%/11.25% Senior PIK Toggle Notes due 2015 and (y) the 10.75% Senior Subordinated Notes due 2017. The
Joinders, the Registration Rights Agreements and the Supplemental Indentures
are herein collectively referred to as the “Transaction Documents.”  The Transaction Documents are in
substantially the form approved by the Board of Directors of the Company.

 

Such resolutions have not in any way been amended, modified, revoked or
rescinded and have been in full force and effect since their adoption to and
including the date hereof and are 

 

 

now in full
force and effect; and such resolutions are the only corporate proceedings of
the Company now in force relating to or affecting the matters referred to
therein.

 

(b) Attached hereto as Exhibit B is a true and
complete copy of the certificate of incorporation of the Company certified by
the Secretary of State in its jurisdiction of organization as of a recent date,
has not been repealed, revoked, rescinded or further amended in any respect and
remains in full force and effect as of the date hereof;

 

(c) Attached hereto as Exhibit C are true and complete
copies of the by-laws of the Company as in effect at all times since the
adoption thereof to and has not been repealed, revoked, rescinded or further
amended in any respect, and remains in full force and effect as of the date
hereof;

 

(d) Attached hereto as Exhibit D is a true and
complete copy of the good standing certificate of the Company certified by the
Secretary of State in its jurisdiction of organization as of a recent date, as
in effect at all times since the date shown on such attached good standing
certificate; and

 

(e) The following persons are now duly elected and qualified
officers of the Company holding the offices indicated next to their respective
names below, and the signatures appearing opposite their respective names below
are the true and genuine signatures of such officers:

 

[Signatures
on following page]

 

 

 

Authorized Officers for [Company]

 

 

	
  Name

  	
   

  	
  Office

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [

  	
   

  	
  ]

  	
   

  	
  [

  	
   

  	
  ]

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [

  	
   

  	
  ]

  	
   

  	
  [

  	
   

  	
  ]

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [

  	
   

  	
  ]

  	
   

  	
  [

  	
   

  	
  ]

  	
   

  	
   

  

 

 

IN WITNESS WHEREOF, the undersigned have
hereto set our names as of the date first set above.

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Name:

  	
   

  
	
  Title:

  	
  Title:

  	
   

  

 

 

Exhibit C

 

Form of
Officer’s Certificate

 

OFFICER’S CERTIFICATE

JUNE [    ], 2007

 

I,
[                 ],
hereby certify that I am the duly elected, qualified and acting
[                                  ]
of CDRV Investors, Inc., a Delaware corporation (to be renamed VWR Funding, Inc.)
(the “Company”), and am authorized to execute this Officer’s Certificate
(this “Certificate”) on behalf of the Company as of the date hereof.

 

This Certificate is delivered pursuant to the
Purchase Agreement (the “Purchase Agreement”), dated as of June 27,
2007, among Varietal Distribution Merger Sub, Inc., a Delaware
corporation, GSMP 2006 Onshore US Ltd., an exempted company organized under the
laws of the Cayman Islands, GSMP 2006 Offshore US Ltd., an exempted company
organized under the laws of the Cayman Islands, GSMP 2006 Institutional US
Ltd., an exempted company organized under the laws of the Cayman Islands, GS
Mezzanine Partners 2006 Institutional L.P., an exempted limited partnership
organized under the laws of the Cayman Islands, 
and Goldman, Sachs & Co. All capitalized terms used but not
defined in this Certificate shall have the meanings set forth in the Purchase
Agreement.

 

Solely in my capacity as
[                                  ]
of the Company and not in my individual capacity, I hereby certify that as of
the date hereof:

 

(a)                           The
Company is in compliance with the conditions precedent set forth in Section 8
of the Purchase Agreement; and

 

(b)                           Attached
hereto as Exhibit A is a copy of the Merger Agreement, duly
executed by the parties thereto, together with all exhibits and schedules
thereto.

 

[Remainder of this Page Intentionally
Left Blank]

 

 

IN
WITNESS WHEREOF, the Company has caused this Certificate to be duly executed
and delivered as of the date first written above.

 

 

	
   

  	
  CDRV INVESTORS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

 

Exhibit D

 

Form of
Solvency Certificate

 

SOLVENCY CERTIFICATE

 

JUNE [    ], 2007

 

Reference is hereby made to that certain
Purchase Agreement (including each of the counterparts to such agreement, the “Purchase
Agreement”), dated as of June 27, 2007, between Varietal Distribution
Merger Sub, Inc., a Delaware corporation, GSMP 2006 Onshore US Ltd., an
exempted company organized under the laws of the Cayman Islands, GSMP 2006
Offshore US Ltd., an exempted company organized under the laws of the Cayman
Islands, GSMP 2006 Institutional US Ltd., an exempted company organized under
the laws of the Cayman Islands, GS Mezzanine Partners 2006 Institutional L.P.,
an exempted limited partnership organized under the laws of the Cayman Islands,
and Goldman, Sachs & Co. This Solvency Certificate is delivered to the
Purchasers pursuant to Section 8(n) of the Purchase Agreement.
Terms defined in the Purchase Agreement and not otherwise defined herein are
used herein with the same meaning.

 

I,
[                    ],
the
[                                    ]
of CDRV Investors, Inc. (to be renamed VWR Funding, Inc.) (the “Company”),
hereby certify on behalf of the Company, and not in any individual capacity, as
follows:

 

1.             I am the
[                                    ]
of the Company and, as such, I am familiar with the properties, business and
assets of the Company, and I am authorized to execute this Solvency
Certificate.

 

2.             I have made such
investigations and inquiries as I deem necessary and prudent in connection with
the matters set forth herein and have reviewed the terms of the Purchase
Agreement.

 

3.             On the Closing Date
after giving effect to the Transactions, the Company and its Subsidiaries, on a
consolidated basis, are and immediately after giving effect to the Transactions
will be, solvent.

 

*  
*   *   *   *

 

 

IN
WITNESS WHEREOF, the Company has caused this Certificate to be duly executed
and delivered as of the date first written above.

 

	
   

  	
   

  	
  CDRV INVESTORS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:Exhibit 4.7(c)

 

Varietal
Distribution Merger Sub, Inc.

VWR
Funding, Inc. (formerly known as CDRV Investors, Inc.)

 

10.75%
Senior Subordinated Notes due 2017

 

guaranteed
as to the

payment of principal, premium,

if any, and interest by

 

The
Guarantors listed on Schedule I hereto

 

 

Exchange and Registration
Rights Agreement

 

June 29, 2007

 

Goldman, Sachs & Co.,

And the several Purchasers

named in Schedule I to the Purchase
Agreement,

c/o Goldman, Sachs & Co.  

85 Broad Street,

New York, New York  10004

 

Ladies and Gentlemen:

 

This
Exchange and Registration Rights Agreement (this “Agreement”)
is dated as of June 29, 2007, among Varietal Distribution Merger Sub, Inc.,
a Delaware corporation (“Varietal”), VWR
Funding, Inc. (formerly known as CDRV Investors, Inc.), a Delaware
corporation (the “Company”), the guarantors listed
on Schedule I hereto (the “Guarantors”),
Goldman, Sachs & Co., and several purchasers (together with Goldman,
Sachs & Co., collectively, the “Purchasers”)
named on Schedule I to the Purchase Agreement (as defined below).

 

This
Agreement is entered into in connection with the Purchase Agreement, dated as
of June 27, 2007 (the “Purchase Agreement”),
by and among Varietal and the Purchasers, which provides for, among other
things, the sale by Varietal to Goldman, Sachs & Co of $353,335,000.00
and €125,000,000.00 principal amount of the Issuer’s (as defined below)
10.75% Senior Subordinated Notes due 2017 (the “Notes”)
and immediate resale of at least 85% of the aggregate principal amount of the
Notes to the other Purchasers. The Notes are issued under an indenture, dated
as of the date hereof (as amended or supplemented from time to time, the “Indenture”), among Varietal, the Company, the Guarantors and
Law Debenture Trust Company of New York, as trustee (together with any
successors in such capacity, the “Trustee”). In
connection with the consummation of the Transactions (as defined in the
Purchase Agreement), Varietal will merge with and into the Company (the “Merger”), after which the obligations of
Varietal under the Purchase Agreement, the Indenture and this Agreement will 

 

 

become obligations of the Company. Pursuant to the Purchase Agreement
and the Indenture, upon consummation of the Merger and execution by the Company
and the Guarantors of the Joinder Agreement (as defined in the Purchase Agreement)
the Guarantors are required to guarantee (collectively, the “Guarantees”) the Issuer’s obligations under the Notes and
the Indenture. References to the “Securities”
shall mean, collectively, the Notes and, when issued, the Guarantees and,
unless the context otherwise requires, any reference herein to a “Security,” an
“Exchange Security” or a “Registrable Security” shall include a reference to
the related Guarantee. References to the “Issuer” refer
to (x) prior to the consummation of the Merger, Varietal and (y) from and after
the consummation of the Merger, the Company. In order to induce the Purchasers
to enter into the Purchase Agreement, the Issuer has agreed to provide the
registration rights set forth in this Agreement for the benefit of the Purchasers
and any subsequent holder or holders of the Securities. The execution and
delivery of this Agreement is a condition to the Purchasers’ obligations under
the Purchase Agreement. As an inducement to the Purchasers to enter into the
Purchase Agreement and in satisfaction of a condition to the obligations of the
Purchasers thereunder, the Issuer and the Guarantors agree with the Purchasers
for the benefit of holders (as defined herein) from time to time of the
Registrable Securities (as defined herein) as follows:

 

1.             Certain Definitions.

 

For
purposes of this Agreement, the following terms shall have the following
respective meanings:

 

“Base Interest” shall mean the interest that would otherwise
accrue on the Securities under the terms thereof and the Indenture, without
giving effect to the provisions of this Agreement.

 

The
term “broker-dealer” shall mean any broker or
dealer registered with the Commission under the Exchange Act.

 

“Business Day” shall have the meaning set forth in Rule 13e-4(a)(3) promulgated
by the Commission under the Exchange Act, as the same may be amended or
succeeded from time to time.

 

“Clearstream” shall have the meaning
assigned thereto in the Indenture.

 

“Commission” shall mean the United States Securities and
Exchange Commission, or any other federal agency at the time administering the
Exchange Act or the Securities Act, whichever is the relevant statute for the
particular purpose.

 

“EDGAR System” means the EDGAR filing system of the
Commission and the rules and regulations pertaining thereto promulgated by
the Commission in Regulation 

 

2

 

S-T under the Securities Act and the Exchange Act, in each case as the
same may be amended or succeeded from time to time (and without regard to
format).

 

“Effective Time,” in the case of (i) an Exchange
Registration, shall mean the time and date as of which the Commission declares
the Exchange Registration Statement effective or as of which the Exchange
Registration Statement otherwise becomes effective and (ii) a Shelf
Registration, shall mean the time and date as of which the Commission declares
the Shelf Registration Statement effective or as of which the Shelf
Registration Statement otherwise becomes effective.

 

“Electing Holder” shall mean any holder of Registrable
Securities that has returned a completed and signed Notice and Questionnaire to
the Issuer in accordance with Section 3(d)(ii) or Section 3(d)(iii) and
the instructions set forth in the Notice and Questionnaire.

 

“EUR Denominated Notes” shall have the
meaning assigned thereto in the Indenture.

 

“Euroclear” shall have the meaning assigned
thereto in the Indenture.

 

“Exchange Act” shall mean the Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated by the
Commission thereunder, as the same may be amended or succeeded from time to
time.

 

“Exchange Offer” shall have the meaning assigned thereto in Section 2(a).

 

“Exchange Registration” shall have the meaning assigned
thereto in Section 3(c).

 

“Exchange Registration Statement” shall have the meaning
assigned thereto in Section 2(a).

 

“Exchange Securities” shall have the meaning assigned thereto
in Section 2(a).

 

“Guarantor” shall have the meaning assigned thereto in the
Indenture.

 

The
term “holder” shall mean each of the
Purchasers and other persons who acquire Registrable Securities from time to
time (including any successors or assigns), in each case for so long as such person
owns any Registrable Securities.

 

“Material Adverse Effect” shall have the meaning set forth in
Section 5(c).

 

“Notice and Questionnaire” means a Notice of Registration
Statement and Selling Securityholder Questionnaire substantially in the form of
Exhibit A hereto.

 

3

 

The
term “person” shall mean a corporation,
limited liability company, association, partnership, organization, business,
individual, government or political subdivision thereof or governmental agency.

 

“Registrable Securities” shall mean the Securities; provided, however, that a
Security shall cease to be a Registrable Security upon the earliest to occur of
the following:  (i) in the circumstances
contemplated by Section 2(a), the Security has been exchanged for an
Exchange Security in an Exchange Offer as contemplated in Section 2(a) (provided that any Exchange Security that, pursuant to the
last two sentences of Section 2(a), is included in a prospectus for use in
connection with resales by broker-dealers shall be deemed to be a Registrable
Security with respect to Sections 5, 6 and 9 until resale of such Registrable
Security has been effected within the 90-day period referred to in Section 2(a));
(ii) in the circumstances contemplated by Section 2(b), a Shelf
Registration Statement registering such Security under the Securities Act has
been declared or becomes effective and such Security has been sold or otherwise
transferred by the holder thereof pursuant to and in a manner contemplated by
such effective Shelf Registration Statement; (iii) such Security is sold
pursuant to Rule 144 under circumstances in which any legend borne by such
Security relating to restrictions on transferability thereof, under the
Securities Act or otherwise, is removed by the Issuer or pursuant to the
Indenture; (iv) such Security is eligible to be sold pursuant to
paragraph (k) of Rule 144; or (v) such Security shall cease to
be outstanding.

 

“Registration Default” shall have the meaning assigned
thereto in Section 2(c).

 

“Registration Default Period” shall have the meaning assigned
thereto in Section 2(c).

 

“Registration Expenses” shall have the meaning assigned
thereto in Section 4.

 

“Request Date” shall mean the date upon which the holders of
a majority in principal amount of Registrable Securities have demanded the
filing of a registration statement; provided that no Request Date may occur
before the registration statement for the Senior Notes (as defined in the
Purchase Agreement) is filed with the Commission or after the aggregate
principal amount of Registrable Securities decreases below $75,000,000 (or a
Dollar Equivalent (as defined in the Indenture) thereof).

 

“Resale Period” shall have the meaning assigned thereto in Section 2(a).

 

“Restricted Holder” shall mean (i) a holder that is an
affiliate of the Issuer within the meaning of Rule 405, (ii) a holder
who acquires Exchange Securities outside the ordinary course of such holder’s
business, (iii) a holder who has arrangements or understandings with any
person to participate in the Exchange Offer for the purpose of distributing
Exchange Securities and (iv) a holder that is a broker-dealer, but only
with 

 

4

 

respect to Exchange Securities received by such broker-dealer pursuant
to an Exchange Offer in exchange for Registrable Securities acquired by the
broker-dealer directly from the Issuer.

 

“Rule 144,” “Rule 405,”
“Rule 415,” “Rule 424,”
“Rule 430B” and “Rule 433” shall mean, in each case, such rule promulgated
by the Commission under the Securities Act (or any successor provision), as the
same may be amended or succeeded from time to time.

 

“Securities Act” shall mean the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Commission
thereunder, as the same may be amended or succeeded from time to time.

 

“Shelf Registration” shall have the meaning assigned thereto
in Section 2(b).

 

“Shelf Registration Statement” shall have the meaning
assigned thereto in Section 2(b).

 

“Special Interest” shall have the meaning assigned thereto in
Section 2(c).

 

“Trust Indenture Act” shall mean the Trust Indenture Act of
1939, as amended, and the rules and regulations promulgated by the
Commission thereunder, as the same may be amended or succeeded from time to
time.

 

“US$ Denominated Notes” shall have the
meaning assigned thereto in the Indenture.

 

Unless
the context otherwise requires, any reference herein to a “Section” or “clause”
refers to a Section or clause, as the case may be, of this Agreement, and
the words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Agreement as a whole and not to any particular Section or
other subdivision.

 

2.             Registration Under the Securities
Act.

 

(a)           Except as set forth in Section 2(b) below,
the Issuer agrees to file under the Securities Act, no later than 90 days after
the Request Date, a registration statement relating to an offer to exchange
(such registration statement, the “Exchange Registration
Statement,” and such offer, the “Exchange Offer”)
any and all of the Securities for a like aggregate principal amount of debt
securities issued by the Issuer  and guaranteed
by the Guarantors, which debt securities and guarantee  are
substantially identical to the Securities  and the
related Guarantee, respectively (and are entitled to the benefits of a trust
indenture which is substantially identical to the Indenture or is the Indenture
and which has been qualified under the Trust Indenture Act), except that they
have been registered pursuant to an effective registration statement under the
Securities Act and 

 

5

 

do not contain provisions
for the additional interest contemplated in Section 2(c) below (such
new debt securities hereinafter called “Exchange Securities”).
The Issuer agrees to use all commercially reasonable efforts to cause the
Exchange Registration Statement to become effective under the Securities Act no
later than 90 days after the filing of the Exchange Registration Statement (or
180 days if the Exchange Registration Statement is subject to review by the
Commission). The Exchange Offer will be registered under the Securities Act on
the appropriate form and will comply with all applicable tender offer rules and
regulations under the Exchange Act. Unless the Exchange Offer would not be
permitted by applicable law or Commission policy, the Issuer further agrees to
use all commercially reasonable efforts to (i) commence the Exchange Offer
promptly (but no later than 10 Business Days) following the Effective Time of
such Exchange Registration Statement, (ii) hold the Exchange Offer open
for at least 20 Business Days in accordance with Regulation 14E promulgated by
the Commission under the Exchange Act and (iii) exchange Exchange
Securities for all Registrable Securities that have been properly tendered and
not withdrawn promptly following the expiration of the Exchange Offer. The
Exchange Offer will be deemed to have been “completed” only if the debt
securities  and related guarantee received by
holders other than Restricted Holders in the Exchange Offer for Registrable
Securities are, upon receipt, transferable by each such holder without
restriction under the Securities Act and the Exchange Act and without material
restrictions under the blue sky or securities laws of a substantial majority of
the States of the United States of America. The Exchange Offer shall be deemed
to have been completed upon the Issuer having exchanged, pursuant to the
Exchange Offer, Exchange Securities for all Registrable Securities that have
been properly tendered and not withdrawn before the expiration of the Exchange
Offer, which shall be on a date that is at least 20 Business Days following the
commencement of the Exchange Offer. The Issuer agrees (x) to include in the
Exchange Registration Statement a prospectus for use in any resales by any
holder of Exchange Securities that is a broker-dealer and (y) to keep such
Exchange Registration Statement effective for a period (the “Resale Period”) beginning when Exchange Securities are first
issued in the Exchange Offer and ending upon the earlier of the expiration of
the  90th day after the Exchange
Offer has been completed or such time as such broker-dealers no longer own any
Registrable Securities. With respect to such Exchange Registration Statement,
such holders shall have the benefit of the rights of indemnification and
contribution set forth in Subsections 6(a), (c), (d) and (e).

 

(b)                                 If (i) on
or prior to the time the Exchange Offer is completed existing Commission
interpretations are changed such that the debt securities or the related
guarantee received by holders other than Restricted Holders in the Exchange
Offer for Registrable Securities are not or would not be, upon receipt,
transferable by each such holder without restriction under the Securities Act, (ii) the
Effective Time of the Exchange Registration Statement is not within 180 days
following the Request Date (or 270 days if the Exchange Registration Statement
is subject to review by the Commission) and the Exchange Offer has not been
completed within 30 Business Days of such Effective Time or (iii) any
holder of Registrable Securities notifies the Issuer prior to the 20th Business
Day following the completion 

 

6

 

of the Exchange offer
that:  (A) it is prohibited by law
or Commission policy from participating in the Exchange Offer, (B) it may
not resell the Exchange Securities to the public without delivering a
prospectus and the prospectus supplement contained if the Exchange Registration
Statement is not appropriate or available for such resales or (C) it is a
broker-dealer and owns Securities acquired directly from the Issuer or an
affiliate of the Issuer, then the Issuer and the Guarantors shall, in lieu of
(or, in the case of clause (iii), in addition to) conducting the Exchange Offer
contemplated by Section 2(a), file under the Securities Act no later than
30 days after the time such obligation to file arises (but no earlier than 90
days after the Request Date), a “shelf” registration statement providing for
the registration of, and the sale on a continuous or delayed basis by the
holders of, all of the Registrable Securities, pursuant to Rule 415 or any
similar rule that may be adopted by the Commission (such filing, the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”). The Issuer agrees to use all
commercially reasonable efforts to cause the Shelf Registration Statement to
become or be declared effective no later than 90 days after such Shelf
Registration Statement filing obligation arises (or 180 days if the Shelf
Registration Statement is subject to review by the Commission, but no earlier
than 180 days, or 270 days, as applicable, after the Request Date); provided that if at any time the Issuer is or becomes a “well-known
seasoned issuer” (as defined in Rule 405) and is eligible to file an “automatic
shelf registration statement” (as defined in Rule 405), then the Issuer
and the Guarantors shall file the Exchange Registration Statement in the form
of an automatic shelf registration statement as provided in Rule 405. The
Issuer agrees to use all commercially reasonable efforts to keep such Shelf
Registration Statement continuously effective for a period ending on the
earlier of the second anniversary of the Request Date or such time as there are
no longer any Registrable Securities outstanding. No holder shall be entitled
to be named as a selling securityholder in the Shelf Registration Statement or
to use the prospectus forming a part thereof for resales of Registrable
Securities unless such holder is an Electing Holder. The Issuer agrees, after
the Effective Time of the Shelf Registration Statement and promptly upon the
request of any holder of Registrable Securities that is not then an Electing
Holder, to use all commercially reasonable efforts to enable such holder to use
the prospectus forming a part thereof for resales of Registrable Securities,
including, without limitation, any action necessary to identify such holder as
a selling securityholder in the Shelf Registration Statement (whether by
post-effective amendment thereto or by filing a prospectus pursuant to Rules 430B
and 424(b) under the Securities Act identifying such holder), provided, however, that
nothing in this Clause (y) shall relieve any such holder of the obligation to
return a completed and signed Notice and Questionnaire to the Issuer in
accordance with Section 3(d)(iii).

 

(c)           In the event that (i) the
Issuer and the Guarantors have not filed the Exchange Registration Statement or
the Shelf Registration Statement on or before the date on which such registration
statement is required to be filed pursuant to Section 2(a) or Section 2(b),
respectively, or (ii) such Exchange Registration Statement or Shelf
Registration Statement has not become effective or been declared effective by
the Commission on or before the date on which such registration statement is
required to become or be declared effective pursuant to Section 2(a) or
Section 2(b), respectively, or (iii) the Exchange Offer has not been
completed 

 

7

 

within 30 Business Days
after the Effective Time of the Exchange Registration Statement relating to the
Exchange Offer (if the Exchange Offer is then required to be made) or (iv) any
Exchange Registration Statement or Shelf Registration Statement required by Section 2(a) or
Section 2(b) is filed and declared effective but shall thereafter
either be withdrawn by the Issuer or shall become subject to an effective stop
order issued pursuant to Section 8(d) of the Securities Act
suspending the effectiveness of such registration statement (except as
specifically permitted herein) without being succeeded immediately by an
additional registration statement filed and declared effective (each such event
referred to in clauses (i) through (iv), a “Registration
Default” and each period during which a Registration Default has
occurred and is continuing, a “Registration Default
Period”), then, as liquidated damages for such Registration Default,
subject to the provisions of Section 9(b), special interest (“Special Interest”), in addition to the Base Interest, shall
accrue at a per annum rate of 0.25% for the first 90 days of the Registration
Default Period and at a per annum rate of 1.00% thereafter for the remaining
portion of the Registration Default Period. Special Interest shall accrue and
be payable only with respect to a single Registration Default at any given
time, notwithstanding the fact that multiple Registration Defaults may exist at
such time. The accrual of Special Interest shall be the exclusive monetary
remedy available to the holders of Registrable Securities for any Registration
Default.

 

(d)           The Issuer shall take, and
shall cause the Guarantors to take,  all actions
reasonably necessary or advisable to be taken by it to ensure that the
transactions contemplated herein are effected as so contemplated, including all
actions reasonably necessary or desirable to register the Guarantee under the
registration statement contemplated in Section 2(a) or Section 2(b),
as applicable.

 

(e)           Any reference herein to a
registration statement as of any time shall be deemed to include any document
incorporated, or deemed to be incorporated, therein by reference as of such
time and any reference herein to any post-effective amendment to a registration
statement as of any time shall be deemed to include any document incorporated,
or deemed to be incorporated, therein by reference as of such time.

 

3.             Registration Procedures.

 

If
the Issuer and the Guarantors file a registration statement pursuant to Section 2(a) or
Section 2(b), the following provisions shall apply:

 

(a)           At or before the Effective Time of the Exchange
Registration or the Shelf Registration, as the case may be, the Issuer shall
qualify the Indenture under the Trust Indenture Act.

 

(b)           In the event that such qualification would require
the appointment of a new trustee under the Indenture, the Issuer shall appoint
a new trustee thereunder pursuant to the applicable provisions of the
Indenture.

 

8

 

(c)           In connection with the Issuer’s and the Guarantors’
obligations with respect to the registration of Exchange Securities as
contemplated by Section 2(a) (the “Exchange
Registration”), if applicable, the Issuer and the Guarantors shall:

 

(i)            prepare and file with the Commission, no later than
90 days after the Request Date, an Exchange Registration Statement on any form
which may be utilized by the Issuer and the Guarantors and which shall permit
the Exchange Offer and resales of Exchange Securities by broker-dealers during
the Resale Period to be effected as contemplated by Section 2(a), and use
all commercially reasonable efforts to cause such Exchange Registration
Statement to become effective no later than 90 days after the filing of the Exchange
Registration Statement (or 180 days if the Exchange Registration Statement is
subject to review by the Commission);

 

(ii)           as soon as reasonably practicable prepare and file
with the Commission such amendments and supplements to such Exchange Registration
Statement and the prospectus included therein as may be necessary to effect and
maintain the effectiveness of such Exchange Registration Statement for the
periods and purposes contemplated in Section 2(a) and as may be
required by the applicable rules and regulations of the Commission and the
instructions applicable to the form of such Exchange Registration Statement,
and promptly provide each broker-dealer holding Exchange Securities with such
number of copies of the prospectus included therein (as then amended or
supplemented), in conformity in all material respects with the requirements of
the Securities Act and the Trust Indenture Act, as such broker-dealer
reasonably may request prior to the expiration of the Resale Period, for use in
connection with resales of Exchange Securities;

 

(iii)          promptly notify each broker-dealer that has
requested or received copies of the prospectus included in such Exchange
Registration Statement, and confirm such advice in writing, (A) when such
Exchange Registration Statement or the prospectus included therein or any
prospectus amendment or supplement or post-effective amendment has been filed,
and, with respect to such Exchange Registration Statement or any post-effective
amendment, when the same has become effective, (B) of any comments by the
Commission and by the blue sky or securities commissioner or regulator of any
state with respect thereto or any request by the Commission for amendments or
supplements to such Exchange Registration Statement or prospectus or for
additional information, in each case, that relate to any information provided
by an Electing Holder, (C) of the issuance by the Commission of any stop
order suspending the effectiveness of such Exchange Registration Statement or
the initiation or threatening of any proceedings for that purpose, (D) if
at any time the representations and warranties of the Issuer contemplated by Section 5
cease to be true and correct in all material respects, (E) of the receipt
by the Issuer of any notification with respect to the suspension of the
qualification of the Exchange Securities for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, (F) the occurrence of
any event that 

 

9

 

causes the Issuer to become an “ineligible issuer” as defined in Rule 405,
or (G) if at any time during the Resale Period when a prospectus is
required to be delivered under the Securities Act, that such Exchange
Registration Statement, prospectus, prospectus amendment or supplement or post-effective
amendment does not conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act or contains an
untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing;

 

(iv)          in the event that the Issuer and the Guarantors
would be required, pursuant to Section 3(c)(iii)(G), to notify any
broker-dealers holding Exchange Securities, promptly prepare and furnish to
each such holder a reasonable number of copies of a prospectus supplemented or
amended so that, as thereafter delivered to purchasers of such Exchange
Securities during the Resale Period, such prospectus shall conform in all
material respects to the applicable requirements of the Securities Act and the
Trust Indenture Act and shall not contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing;

 

(v)           use all commercially reasonable efforts to obtain
the withdrawal of any order suspending the effectiveness of such Exchange Registration
Statement or any post-effective amendment thereto at the earliest practicable
date;

 

(vi)          use all commercially reasonable efforts to (A) register
or qualify the Exchange Securities under the securities laws or blue sky laws
of such jurisdictions as are contemplated by Section 2(a) no later
than the commencement of the Exchange Offer, to the extent required by such
laws, (B) keep such registrations or qualifications in effect and comply
with such laws so as to permit the continuance of offers, sales and dealings
therein in such jurisdictions until the expiration of the Resale Period, (C) take
any and all other actions as may be reasonably necessary or advisable to enable
each broker-dealer holding Exchange Securities to consummate the disposition thereof
in such jurisdictions and (D) obtain the consent or approval of each
governmental agency or authority, whether federal, state or local, which may be
required to effect the Exchange Registration, the Exchange Offer and the offering
and sale of Exchange Securities by broker-dealers during the Resale Period; provided, however, that
neither the Issuer nor any Guarantor shall be required for any such purpose to (1) qualify
as a foreign corporation in any jurisdiction wherein it would not otherwise be
required to qualify but for the requirements of this Section 3(c)(vi), (2) consent
to general service of process in any such jurisdiction or become subject to
taxation in any such jurisdiction or (3) make any changes to its
certificate of incorporation or by-laws or other governing documents or any
agreement between it and its stockholders;

 

10

 

(vii)         provide a CUSIP number or Common Code number, as
applicable, and ISIN for all Exchange Securities registered under the Exchange
Registration Statement, not later than the applicable Effective Time. The
Issuer and the Guarantors shall also make all arrangements to have the Exchange
Securities in a form eligible for deposit with DTC in the case of the US$
Denominated Notes and with the common depositary for Euroclear and Clearstream
in the case of the EUR Denominated Notes; and

 

(viii)        comply with all applicable rules and
regulations of the Commission, and make generally available to its
securityholders no later than eighteen months after the Effective Time of such
Exchange Registration Statement, an earnings statement of the Issuer and its
subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Issuer, Rule 158 thereunder).

 

(d)           In connection with the Issuer’s and the Guarantors’
obligations with respect to the Shelf Registration, if applicable,  the Issuer and the
Guarantors shall:

 

(i)            prepare and file with the Commission, within the
time periods specified in Section 2(b), a Shelf Registration Statement on
any form which may be utilized by the Issuer and which shall register all of
the Registrable Securities for resale by the holders thereof in accordance with
such method or methods of disposition as may be specified by the holders of
Registrable Securities as, from time to time, may be Electing Holders and use
all commercially reasonable efforts to cause such Shelf Registration Statement
to become effective within the time periods specified in Section 2(b);

 

(ii)           distribute through the facilities of DTC, Euroclear
or Clearstream, as applicable, the Notice and Questionnaire to the holders of
Registrable Securities (A) not less than 30 days prior to the anticipated
Effective Time of the Shelf Registration Statement or (B) in the case of
an “automatic shelf registration statement” (as defined in Rule 405),
distribute through DTC, Euroclear or Clearstream, as applicable, the Notice and
Questionnaire to the holders of Registrable Securities not later than the
Effective Time of such Shelf Registration Statement, and in any such case no
holder shall be entitled to be named as a selling securityholder in the Shelf
Registration Statement, and no holder shall be entitled to use the prospectus
forming a part thereof for resales of Registrable Securities at any time,
unless and until such holder has returned a completed and signed Notice and
Questionnaire to the Issuer;

 

(iii)          after the Effective Time of the Shelf Registration
Statement, upon the request of any holder of Registrable Securities that is not
then an Electing Holder, promptly send a Notice and Questionnaire to such
holder; provided that the Issuer shall not be
required to take any action to name such holder as a selling securityholder in
the Shelf Registration Statement or to enable such holder to use the prospectus
forming a part thereof for resales of Registrable Securities until such holder
has returned a completed and signed Notice and Questionnaire to the Issuer;

 

11

 

(iv)          as soon as reasonably practicable prepare and file
with the Commission such amendments and supplements to such Shelf Registration
Statement and the prospectus included therein as may be necessary to effect and
maintain the effectiveness of such Shelf Registration Statement for the period
specified in Section 2(b) and as may be required by the applicable rules and
regulations of the Commission and the instructions applicable to the form of
such Shelf Registration Statement, and furnish to the Electing Holders copies of
any such supplement or amendment simultaneously with or prior to its being used
or filed with the Commission to the extent such documents are not publicly
available on the Commission’s EDGAR System;

 

(v)           comply with the provisions of the Securities Act with
respect to the disposition of all of the Registrable Securities covered by such
Shelf Registration Statement in accordance with the intended methods of
disposition by the Electing Holders provided for in such Shelf Registration
Statement;

 

(vi)          provide a representative for all of the Electing
Holders (which itself must be an Electing Holder) and not more than one counsel
for all the Electing Holders the opportunity to participate in the preparation
of such Shelf Registration Statement, each prospectus included therein or filed
with the Commission and each amendment or supplement thereto;

 

(vii)         for a reasonable period prior to the filing of such
Shelf Registration Statement, and throughout the period specified in Section 2(b),
make available at reasonable times at the Issuer’s principal place of business
or such other reasonable place for inspection by the persons referred to in Section 3(d)(vi) who
shall certify to the Issuer that they have a current intention to sell the
Registrable Securities pursuant to the Shelf Registration such financial and
other information and books and records of the Issuer, and cause the officers,
employees, counsel and independent certified public accountants of the Issuer
to respond to such inquiries, as shall be reasonably necessary (and in the case
of counsel, not violate an attorney-client privilege, in such counsel’s
reasonable belief), in the judgment of the respective counsel referred to in Section 3(d)(vi),
to conduct a reasonable investigation within the meaning of Section 11 of
the Securities Act; provided, however, that the foregoing inspection and information
gathering on behalf of the Electing Holders shall be conducted by one counsel
designated by the holders of at least a majority in aggregate principal amount
of the Registrable Securities held by the Electing Holders at the time
outstanding and provided further that each such
party shall be required to maintain in confidence and not to disclose to any
other person any information or records reasonably designated by the Issuer as
being confidential, until such time as (A) such information becomes a
matter of public record (whether by virtue of its inclusion in such Shelf
Registration Statement or otherwise), or (B) such person shall be required
so to disclose such information pursuant to a subpoena or order of any court or
other governmental agency or body having jurisdiction over the matter (subject
to the requirements of such order, and only after such person shall have given
the 

 

12

 

Issuer prompt prior written notice of such requirement), or (C) such
information is required to be set forth in such Shelf Registration Statement or
the prospectus included therein or in an amendment to such Shelf Registration
Statement or an amendment or supplement to such prospectus in order that such
Shelf Registration Statement, prospectus, amendment or supplement, as the case
may be, complies with applicable requirements of the federal securities laws
and the rules and regulations of the Commission and does not contain an
untrue statement of a material fact or omit to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing;

 

(viii)        promptly notify each of the Electing Holders and
confirm such advice in writing, (A) when such Shelf Registration Statement
or the prospectus included therein or any prospectus amendment or supplement or
post-effective amendment has been filed, and, with respect to such Shelf
Registration Statement or any post-effective amendment, when the same has become
effective, (B) of any comments by the Commission and by the blue sky or
securities commissioner or regulator of any state with respect thereto or any request
by the Commission for amendments or supplements to such Shelf Registration
Statement or prospectus or for additional information, (C) of the issuance
by the Commission of any stop order suspending the effectiveness of such Shelf
Registration Statement or the initiation or threatening of any proceedings for
that purpose, (D) if at any time the representations and warranties of the
Issuer set forth in Section 5 cease to be true and correct in all material
respects, (E) of the receipt by the Issuer of any notification with
respect to the suspension of the qualification of the Registrable Securities
for sale in any jurisdiction or the initiation or threatening of any proceeding
for such purpose, (F) the occurrence of any event that causes the Issuer
to become an “ineligible issuer” as defined in Rule 405, or (G) if at
any time when a prospectus is required to be delivered under the Securities
Act, that such Shelf Registration Statement, prospectus, prospectus amendment
or supplement or post-effective amendment does not conform in all material
respects to the applicable requirements of the Securities Act and the Trust
Indenture Act or contains an untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing;

 

(ix)           use all commercially reasonable efforts to obtain
the withdrawal of any order suspending the effectiveness of such Shelf
Registration Statement or any post-effective amendment thereto at the earliest
practicable date;

 

(x)            if requested by any Electing Holder, promptly
incorporate in a prospectus supplement or post-effective amendment such
information as is required by the applicable rules and regulations of the
Commission and as such Electing Holder specifies should be included therein
relating to the terms of the sale of such Registrable Securities, including
information with respect to the principal amount of Registrable Securities
being sold by such Electing Holder, the name and description of such Electing
Holder, the 

 

13

 

offering price of such Registrable Securities and any discount,
commission or other compensation payable in respect thereof and with respect to
any other terms of the offering of the Registrable Securities to be sold by
such Electing Holder; and make all required filings of such prospectus
supplement or post-effective amendment promptly after notification of the
matters to be incorporated in such prospectus supplement or post-effective
amendment;

 

(xi)           furnish to each Electing Holder and the counsel
referred to in Section 3(d)(vi) an executed copy (or a conformed
copy) of such Shelf Registration Statement, each such amendment and supplement
thereto (in each case including all exhibits thereto (in the case of an
Electing Holder of Registrable Securities, upon request) and documents
incorporated by reference therein) and such number of copies of such Shelf
Registration Statement (excluding exhibits thereto and documents incorporated
by reference therein unless specifically so requested by such Electing Holder)
and of the prospectus included in such Shelf Registration Statement (including
each preliminary prospectus and any summary prospectus), in conformity in all
material respects with the applicable requirements of the Securities Act and
the Trust Indenture Act to the extent such documents are not available through
the Commission’s EDGAR System, and such other documents, as such Electing
Holder may reasonably request in order to facilitate the offering and
disposition of the Registrable Securities owned by such Electing Holder and to
permit such Electing Holder to satisfy the prospectus delivery requirements of
the Securities Act; and subject to Section 3(e), the Issuer hereby
consents to the use of such prospectus (including such preliminary and summary
prospectus) and any amendment or supplement thereto by each such Electing
Holder, in each case in the form most recently provided to such person by the
Issuer, in connection with the offering and sale of the Registrable Securities
covered by the prospectus (including such preliminary and summary prospectus)
or any supplement or amendment thereto;

 

(xii)          use all commercially reasonable efforts to (A) register
or qualify the Registrable Securities to be included in such Shelf Registration
Statement under such securities laws or blue sky laws of such jurisdictions as
any Electing Holder shall reasonably request, (B) keep such registrations
or qualifications in effect and comply with such laws so as to permit the continuance
of offers, sales and dealings therein in such jurisdictions during the period
the Shelf Registration is required to remain effective under Section 2(b) and
for so long as may be necessary to enable any such Electing Holder to complete
its distribution of Securities pursuant to such Shelf Registration Statement, (C) take
any and all other actions as may be reasonably necessary or advisable to enable
each such Electing Holder to consummate the disposition in such jurisdictions
of such Registrable Securities and (D) obtain the consent or approval of
each governmental agency or authority, whether federal, state or local, which
may be required to effect the Shelf Registration or the offering or sale in
connection therewith or to enable the selling holder or holders to offer, or to
consummate the disposition of, their 

 

14

 

Registrable Securities; provided, however, that neither  the Issuer nor
any Guarantor shall be required for any such purpose to (1) qualify as a
foreign corporation in any jurisdiction wherein it would not otherwise be
required to qualify but for the requirements of this Section 3(d)(xii), (2) consent
to general service of process in any such jurisdiction or become subject to
taxation in any such jurisdiction or (3) make any changes to its
certificate of incorporation or by-laws or other governing documents or any
agreement between it and its stockholders;

 

(xiii)         unless any Registrable Securities shall be in
book-entry only form, cooperate with the Electing Holders to facilitate the
timely preparation and delivery of certificates representing Registrable
Securities to be sold, which certificates, if so required by any securities exchange
upon which any Registrable Securities are listed, shall be printed, penned,
lithographed, engraved or otherwise produced by any combination of such
methods, on steel engraved borders, and which certificates shall not bear any
restrictive legends;

 

(xiv)        provide a CUSIP number or Common Code number, as
applicable, and ISIN for all Registrable Securities registered under the Shelf
Registration Statement, not later than the applicable Effective Time. The
Issuer and the Guarantors shall also make all arrangements to have the
Registrable Securities in a form eligible for deposit with DTC in the case of
the US$ Denominated Notes and with the common depositary for Euroclear and
Clearstream in the case of the EUR Denominated Notes; and

 

(xv)         notify in writing each holder of Registrable
Securities of any proposal by the Issuer to amend or waive any provision of
this Agreement pursuant to Section 9(h) and of any amendment or
waiver effected pursuant thereto, each of which notices shall contain the text
of the amendment or waiver proposed or effected, as the case may be;

 

(xvi)        comply with all applicable rules and
regulations of the Commission, and make generally available to its
securityholders no later than eighteen months after the Effective Time of such
Shelf Registration Statement an earnings statement of the Issuer and its
subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Issuer, Rule 158 thereunder).

 

(e)           In the event that the Issuer would be required,
pursuant to Section 3(d)(viii)(G), to notify the Electing Holders, the
Issuer shall promptly prepare and furnish to each of the Electing Holders a
reasonable number of copies of a prospectus supplemented or amended so that, as
thereafter delivered to purchasers of Registrable Securities, such prospectus
shall conform in all material respects to the applicable requirements of the
Securities Act and the Trust Indenture Act and shall not contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing. Each Electing Holder agrees that upon
receipt of any notice 

 

15

 

from the Issuer pursuant to Section 3(d)(viii)(G),
such Electing Holder shall forthwith discontinue the disposition of Registrable
Securities pursuant to the Shelf Registration Statement applicable to such
Registrable Securities until such Electing Holder shall have received copies of
such amended or supplemented prospectus, and if so directed by the Issuer, such
Electing Holder shall deliver to the Issuer (at the Issuer’s expense) all
copies, other than permanent file copies, then in such Electing Holder’s possession
of the prospectus covering such Registrable Securities at the time of receipt
of such notice.

 

(f)            In the event of a Shelf Registration, in addition to
the information required to be provided by each Electing Holder in its Notice
and Questionnaire, the Issuer may require such Electing Holder to furnish to
the Issuer such additional information regarding such Electing Holder and such
Electing Holder’s intended method of distribution of Registrable Securities as
may be required in order to comply with the Securities Act. Each such Electing
Holder agrees to notify the Issuer as promptly as practicable of any inaccuracy
or change in information previously furnished by such Electing Holder to the
Issuer or of the occurrence of any event in either case as a result of which
any prospectus relating to such Shelf Registration contains or would contain an
untrue statement of a material fact regarding such Electing Holder or such
Electing Holder’s intended method of disposition of such Registrable Securities
or omits to state any material fact regarding such Electing Holder or such
Electing Holder’s intended method of disposition of such Registrable Securities
required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing, and promptly to furnish
to the Issuer any additional information required to correct and update any
previously furnished information or required so that such prospectus shall not
contain, with respect to such Electing Holder or the disposition of such
Registrable Securities, an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing.

 

(g)           Until the expiration of two years after the Request
Date, the Issuer will not, and will not permit any of its “affiliates” (as
defined in Rule 144) to, resell any of the Securities that have been
reacquired by any of them except pursuant to an effective registration
statement, or a valid exemption from the registration requirements, under the
Securities Act.

 

(h)           As a condition to its participation in the Exchange
Offer, each holder of Registrable Securities shall furnish, upon the request of
the Issuer, a written representation to the Issuer (which may be contained in
the letter of transmittal or “agent’s message” transmitted via The Depository
Trust Company’s Automated Tender Offer Procedures, in either case contemplated
by the Exchange Registration Statement) to the effect that (A) it is not
an “affiliate” of the Issuer, as defined in Rule 405 of the Securities
Act, or if it is such an “affiliate,” it will comply with the registration and
prospectus delivery requirements of the Securities Act to the extent
applicable, (B) it is 

 

16

 

not engaged in and does not intend to engage in, and
has no arrangement or understanding with any person to participate in, a
distribution of the Exchange Securities to be issued in the Exchange Offer, (C) it
is acquiring the Exchange Securities in its ordinary course of business, (D) if
it is a broker-dealer that holds Securities that were acquired for its own
account as a result of market-making activities or other trading activities
(other than Securities acquired directly from the Issuer or any of its
affiliates), it will deliver a prospectus meeting the requirements of the
Securities Act in connection with any resales of the Exchange Securities
received by it in the Exchange Offer, (E) if it is a broker-dealer, that
it did not purchase the Securities to be exchanged in the Exchange Offer from
the Issuer or any of its affiliates, and (F) it is not acting on behalf of
any person who could not truthfully and completely make the representations
contained in the foregoing subclauses (A) through (E).

 

4.             Registration Expenses.

 

The
Issuer agrees to bear and to pay or cause to be paid promptly all expenses
incident to the Issuer’s performance of or compliance with this Agreement, including
(a) all Commission and any NASD registration, filing and review fees and
expenses including reasonable fees and disbursements of counsel for the
Eligible Holders in connection with such registration, filing and review, (b) all
fees and expenses in connection with the qualification of the Securities for
offering and sale under the State securities and blue sky laws referred to in Section 3(d)(xii)
and determination of their eligibility for investment under the laws of such
jurisdictions as the Electing Holders may designate, including any reasonable
fees and disbursements of counsel for the Electing Holders in connection with
such qualification and determination, (c) all expenses relating to the
preparation, printing, production, distribution and reproduction of each
registration statement required to be filed hereunder, each prospectus included
therein or prepared for distribution pursuant hereto, each amendment or supplement
to the foregoing, the expenses of preparing the Securities for delivery and the
expenses of printing or producing any selling agreements and blue sky or legal
investment memoranda and all other documents in connection with the offering,
sale or delivery of Securities to be disposed of (including certificates
representing the Securities), (d) messenger, telephone and delivery
expenses relating to the offering, sale or delivery of Securities and the
preparation of documents referred in clause (c) above, (e) fees and
expenses of the Trustee under the Indenture, any agent of the Trustee and any
counsel for the Trustee and of any collateral agent or custodian, (f) internal
expenses (including all salaries and expenses of the Issuer’s officers and
employees performing legal or accounting duties), (g) reasonable fees,
disbursements and expenses of counsel and independent certified public
accountants of the Issuer, (h) reasonable fees, disbursements and expenses
of one counsel for the Electing Holders retained in connection with a Shelf
Registration, as selected by the Electing Holders of at least a majority in
aggregate principal amount of the Registrable Securities held by Electing
Holders (which counsel shall be reasonably satisfactory to the Issuer), (i) any
fees charged by securities rating services for rating the Securities, and
(j) fees, expenses and disbursements of any other persons, including
special experts, retained by the Issuer in 

 

17

 

connection with such registration (collectively, the “Registration Expenses”). To the extent that any Registration
Expenses are incurred, assumed or paid by any holder of Registrable Securities,
the Issuer shall reimburse such person for the full amount of the Registration
Expenses so incurred, assumed or paid promptly after receipt of a request therefor.
Notwithstanding the foregoing, the holders of the Registrable Securities being
registered shall pay all agency fees and commissions and underwriting discounts
and commissions, if any, and transfer taxes, if any, attributable to the sale
of such Registrable Securities and the fees and disbursements of any counsel or
other advisors or experts retained by such holders (severally or jointly),
other than the counsel and experts specifically referred to above.

 

5.             Representations and Warranties.

 

The
Issuer and each Guarantor, jointly and severally, represent and warrant to, and
agree with, each Purchaser and each of the holders from time to time of Registrable
Securities that:

 

(a)           Each registration statement covering Registrable
Securities and each prospectus (including any preliminary or summary
prospectus) contained therein or furnished pursuant to Section 3(c) or
Section 3(d) and any further amendments or supplements to any such
registration statement or prospectus, when it becomes effective or is filed with
the Commission, as the case may be, will conform in all material respects to
the requirements of the Securities Act and the Trust Indenture Act and will not
contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading; and at all times subsequent to the Effective Time when a prospectus
would be required to be delivered under the Securities Act, other than from (i) such
time as a notice has been given to holders of Registrable Securities pursuant
to Section 3(c)(iii)(G) or Section 3(d)(viii)(G) until (ii) such
time as the Issuer furnishes an amended or supplemented prospectus pursuant to Section 3(c)(iv) or
Section 3(e), each such registration statement, and each prospectus
(including any summary prospectus) contained therein or furnished pursuant to Section 3(c) or
Section 3(d), as then amended or supplemented, will conform in all
material respects to the requirements of the Securities Act and the Trust
Indenture Act and will not contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading in the light of the circumstances
then existing; provided, however,
that this representation and warranty shall not apply to any statements or
omissions made in reliance upon and in conformity with information furnished in
writing to the Issuer by a holder of Registrable Securities expressly for use
therein.

 

(b)           Any documents incorporated by reference in any
prospectus referred to in Section 5(a), when they become or became
effective or are or were filed with the Commission, as the case may be, will
conform or conformed in all material respects to the requirements of the Securities
Act or the Exchange Act, as applicable, and none of such documents will contain
or contained an untrue statement of a material fact or will 

 

18

 

omit or omitted to state a material fact required to
be stated therein or necessary to make the statements therein not misleading; provided, however, that
this representation and warranty shall not apply to any statements or omissions
made in reliance upon and in conformity with information furnished in writing
to the Issuer by a holder of Registrable Securities expressly for use therein.

 

(c)           The compliance by the Issuer with all of the
provisions of this Agreement and the consummation of the transactions herein
contemplated will not (i) conflict with or result in a breach or violation
of any of the terms or provisions of, or constitute a default under, any indenture,
mortgage, deed of trust, loan agreement or other agreement or instrument to
which the Issuer or any of its subsidiaries is a party or by which the Issuer
or any of its subsidiaries is bound or to which any of the property or assets
of the Issuer or any of its subsidiaries is subject, (ii) result in any
violation of the provisions of the certificate of incorporation, as amended, or
the by-laws or other governing documents, as applicable, of the Issuer  or the Guarantors or (iii)  result in any violation of
any statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over the Issuer or any of its subsidiaries
or any of their respective properties, except in the case of (i) and (iii) above,
for such conflicts, breaches or defaults as would not reasonably be expected to
result in a material adverse effect on the business, properties, condition (financial
or otherwise), results of operations or prospects of the Issuer and its
subsidiaries, taken as whole (a “Material Adverse Effect”);
and no consent, approval, authorization, order, registration or qualification
of or with any such court or governmental agency or body is required for the
consummation by the Issuer and the Guarantors of the transactions contemplated
by this Agreement, except (w) the registration under the Securities Act of
the Securities and qualification of the Indenture under the Trust Indenture Act
and, (x) such consents, approvals, authorizations, registrations or
qualifications as may be required under state securities or blue sky laws in
connection with the offering and distribution of the Securities, (y) such
consents, approvals, authorizations, registrations or qualifications that have
been obtained and are in full force and effect as of the date hereof and
(z) such consents, approvals, authorizations, registrations or
qualifications that the failure to have would not reasonably be expected to
have a Material Adverse Effect.

 

(d)           This Agreement has been duly authorized, executed
and delivered by the Issuer.

 

6.             Indemnification and Contribution.

 

(a)           Indemnification by the Issuer and
the Guarantors. The Issuer and each Guarantor, jointly and
severally, will indemnify and hold harmless each of the holders of Registrable
Securities included in an Exchange Registration Statement and each of the
Electing Holders of Registrable Securities included in a Shelf Registration
Statement against any losses, claims, damages or liabilities, joint or several,
to which such holder or such Electing Holder may 

 

19

 

become subject under the
Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in
any Exchange Registration Statement or Shelf Registration Statement, as the
case may be, under which such Registrable Securities were registered under the
Securities Act, or any preliminary, final or summary prospectus (including,
without limitation, any “issuer free writing prospectus” as defined in Rule 433)
contained therein or furnished by the Issuer to any such holder or such
Electing Holder, or any amendment or supplement thereto, or arise out of or are
based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and will reimburse such holder and such Electing Holder for any
legal or other expenses reasonably incurred by them in connection with investigating
or defending any such action or claim as such expenses are incurred; provided, however, that
neither the Issuer nor any Guarantor shall be liable to any such person in any
such case to the extent that any such loss, claim, damage or liability arises
out of or is based upon an untrue statement or alleged untrue statement or
omission or alleged omission made in such registration statement, or
preliminary, final or summary prospectus (including, without limitation, any “issuer
free writing prospectus” as defined in Rule 433), or amendment or
supplement thereto, in reliance upon and in conformity with written information
furnished to the Issuer by such person expressly for use therein.

 

(b)           Indemnification by the Holders. Each holder
of Securities, severally and not jointly, will (i) indemnify and hold
harmless the Issuer, each Guarantor and all other holders of Registrable
Securities, against any losses, claims, damages or liabilities to which the
Issuer, each Guarantor or such other holders of Registrable Securities may
become subject, under the Securities Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon an untrue statement or alleged untrue statement of a material
fact contained in such registration statement, or any preliminary, final or
summary prospectus (including, without limitation, any “issuer free writing
prospectus” as defined in Rule 433) contained therein or furnished by the
Issuer to any such Electing Holder, or any amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, in each case to the extent, but only to the
extent, that such untrue statement or alleged untrue statement or omission or
alleged omission was made in reliance upon and in conformity with written
information furnished to the Issuer by such Electing Holder expressly for use
therein, and (ii) reimburse the Issuer and each Guarantor for any legal or
other expenses reasonably incurred by the Issuer and each Guarantor in
connection with investigating or defending any such action or claim as such
expenses are incurred; provided, however, that no such Electing Holder shall be required to
undertake liability to any person under this Section 6(b) for any
amounts in excess of the dollar amount of the proceeds to be received by such
Electing Holder from the sale of such Electing Holder’s Registrable Securities
pursuant to such registration.

 

20

 

(c)           Notices of Claims, Etc. Promptly
after receipt by an indemnified party under subsection (a) or (b) above
of written notice of the commencement of any action, such indemnified party
shall, if a claim in respect thereof is to be made against an indemnifying
party pursuant to the indemnification provisions of or contemplated by this Section 6,
notify such indemnifying party in writing of the commencement of such action;
but the omission so to notify the indemnifying party shall not relieve it from
any liability which it may have to any indemnified party otherwise than under
the indemnification provisions of or contemplated by Section 6(a) or Section 6(b).
In case any such action shall be brought against any indemnified party and it
shall notify an indemnifying party of the commencement thereof, such indemnifying
party shall be entitled to participate therein and, to the extent that it shall
wish, jointly with any other indemnifying party similarly notified, to assume
the defense thereof, with counsel reasonably satisfactory to such indemnified
party (who shall not, except with the consent of the indemnified party, be
counsel to the indemnifying party), and, after notice from the indemnifying
party to such indemnified party of its election so to assume the defense
thereof, such indemnifying party shall not be liable to such indemnified party
for any legal expenses of other counsel or any other expenses, in each case
subsequently incurred by such indemnified party, in connection with the defense
thereof other than reasonable costs of investigation. No indemnifying party
shall, without the prior written consent of the indemnified party, effect the
settlement or compromise of, or consent to the entry of any judgment with
respect to, any pending or threatened action or claim in respect of which
indemnification or contribution may be sought hereunder (whether or not the
indemnified party is an actual or potential party to such action or claim)
unless such settlement, compromise or judgment (i) includes an
unconditional release of the indemnified party from all liability arising out
of such action or claim and (ii) does not include a statement as to, or an
admission of, fault, culpability or a failure to act by or on behalf of any
indemnified party.

 

(d)           Contribution. If for any
reason the indemnification provisions contemplated by Section 6(a) or
Section 6(b) are unavailable to or insufficient to hold harmless an
indemnified party in respect of any losses, claims, damages or liabilities (or
actions in respect thereof) referred to therein, then each indemnifying party
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect the relative fault of
the indemnifying party and the indemnified party in connection with the
statements or omissions which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof), as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and
indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or omission
or alleged omission to state a material fact relates to information supplied by
such indemnifying party or by such indemnified party, and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The parties hereto agree that it would not be just
and equitable if contributions pursuant to this Section 6(d) were
determined by pro rata allocation (even if the holders were treated as one
entity for such purpose) or by any other 

 

21

 

method of allocation which
does not take account of the equitable considerations referred to in this Section 6(d).
The amount paid or payable by an indemnified party as a result of the losses,
claims, damages, or liabilities (or actions in respect thereof) referred to
above shall be deemed to include any legal or other fees or expenses reasonably
incurred by such indemnified party in connection with investigating or
defending any such action or claim. Notwithstanding the provisions of this Section 6(d),
no holder shall be required to contribute any amount in excess of the amount by
which the dollar amount of the proceeds received by such holder from the sale
of any Registrable Securities (after deducting any fees, discounts and commissions
applicable thereto) exceeds the amount of any damages which such holder has
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. The holders’ obligations in this Section 6(d) to
contribute shall be several in proportion to the principal amount of
Registrable Securities registered by them and not joint.

 

(e)           The obligations of the
Issuer and each Guarantor under this Section 6 shall be in addition to any
liability which the Issuer or each Guarantor may otherwise have and shall extend,
upon the same terms and conditions, to each officer, director and partner of
each holder and each person, if any, who controls any holder within the meaning
of the Securities Act; and the obligations of the holders contemplated by this Section 6
shall be in addition to any liability which the respective holder may otherwise
have and shall extend, upon the same terms and conditions, to each officer and
director of the Issuer or any Guarantor (including any person who, with his
consent, is named in any registration statement as about to become a director
of the Issuer or any of the Guarantor) and to each person, if any, who controls
the Issuer within the meaning of the Securities Act.

 

7.             Underwritten Offerings.

 

Each
holder of Registrable Securities hereby agrees with the Issuer and each other
such holder that no holder of Registrable Securities may participate in any
underwritten offering hereunder unless (a) the Issuer gives its prior
written consent to such underwritten offering, (b) the managing underwriter
or underwriters thereof shall be designated by Electing Holders holding at
least a majority in aggregate principal amount of the Registrable Securities to
be included in such offering, provided that
such designated managing underwriter or underwriters is or are reasonably
acceptable to the Issuer, (c) each holder of Registrable Securities
participating in such underwritten offering agrees to sell such holder’s
Registrable Securities on the basis provided in any underwriting arrangements
approved by the persons entitled selecting the managing underwriter or
underwriters hereunder and (d) each holder of Registrable Securities
participating in such underwritten offering completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents reasonably required under the terms of such underwriting
arrangements. Notwithstanding the foregoing, the Issuer shall not be required
to effect more than three underwritten offerings under Section 7 and any 

 

22

 

underwritten offering must include Notes in an aggregate principal
amount of at least $67.5 million.

 

8.             Rule 144.

 

The
Issuer covenants to the holders of Registrable Securities that to the extent it
shall be required to do so under the Exchange Act, the Issuer will use its
reasonable best efforts to timely file the reports required to be filed by it
under the Exchange Act or the Securities Act (including the reports under
Sections 13 and 15(d) of the Exchange Act referred to in subparagraph
(c)(1) of Rule 144), and shall take such further action as any holder
of Registrable Securities may reasonably request, all to the extent required
from time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitations of the exemption
provided by Rule 144. Upon the request of any holder of Registrable
Securities in connection with that holder’s sale pursuant to Rule 144, the
Issuer shall deliver to such holder a written statement as to whether it has
complied with such requirements.

 

9.             Miscellaneous.

 

(a)           No Inconsistent Agreements. The Issuer
represents, warrants, covenants and agrees that it has not granted, and shall
not grant, registration rights with respect to Registrable Securities or any
other securities which would be inconsistent with the terms contained in this
Agreement.

 

(b)           Specific Performance. The parties
hereto acknowledge that there would be no adequate remedy at law if the Issuer
fails to perform any of its obligations hereunder and that the Purchasers and
the holders from time to time of the Registrable Securities may be irreparably
harmed by any such failure, and accordingly agree that the Purchasers and such
holders, in addition to any other remedy to which they may be entitled at law
or in equity, shall be entitled to compel specific performance of the
obligations of the Issuer under this Agreement in accordance with the terms and
conditions of this Agreement, in any court of the United States or any State
thereof having jurisdiction. Time shall be of the essence in this Agreement.

 

(c)           Notices. All notices,
requests, claims, demands, waivers and other communications hereunder shall be
in writing (including emails) and shall be deemed to have been duly given when
delivered by hand, if delivered personally, by facsimile, by courier or
electronic mail, or three days after being deposited in the mail (registered or
certified mail, postage prepaid, return receipt requested) as follows:  If to the Issuer, to it at 310 Goshen
Parkway, P.O. Box 2656, West Chester, Pennsylvania 19380, and if to a
holder, to the address of such holder set forth in the security register or
other records of the Issuer, or to such other address as the Issuer or any such
holder may have furnished to the other in writing in accordance herewith,
except that notices of change of address shall be effective only upon receipt.

 

23

 

(d)           Parties in Interest. All the terms
and provisions of this Agreement shall be binding upon, shall inure to the
benefit of and shall be enforceable by the parties hereto and the holders from
time to time of the Registrable Securities and the respective successors and
assigns of the parties hereto and such holders. In the event that any
transferee of any holder of Registrable Securities shall acquire Registrable
Securities, in any manner, whether by gift, bequest, purchase, operation of law
or otherwise, such transferee shall, without any further writing or action of
any kind, be deemed a beneficiary hereof for all purposes and such Registrable
Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Registrable Securities such transferee shall be
entitled to receive the benefits of, and be conclusively deemed to have agreed
to be bound by all of the applicable terms and provisions of this Agreement. If
the Issuer shall so request, any such successor, assign or transferee shall
agree in writing to acquire and hold the Registrable Securities subject to all
of the applicable terms hereof.

 

(e)           Survival. The
respective indemnities, agreements, representations, warranties and each other
provision set forth in this Agreement or made pursuant hereto shall remain in
full force and effect regardless of any investigation (or statement as to the
results thereof) made by or on behalf of any holder of Registrable Securities,
any director, officer or partner of such holder, or any controlling person of
any of the foregoing, and shall survive delivery of and payment for the
Registrable Securities pursuant to the Purchase Agreement and the transfer and
registration of Registrable Securities by such holder and the consummation of
an Exchange Offer.

 

(f)            Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York.

 

(g)           Headings. The
descriptive headings of the several Sections and paragraphs of this Agreement
are inserted for convenience only, do not constitute a part of this Agreement
and shall not affect in any way the meaning or interpretation of this
Agreement.

 

(h)           Entire Agreement; Amendments. This
Agreement and the other writings referred to herein (including the Indenture
and the form of Securities) or delivered pursuant hereto which form a part
hereof contain the entire understanding of the parties with respect to its
subject matter. This Agreement supersedes all prior agreements and
understandings between the parties with respect to its subject matter. This
Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance and either
retroactively or prospectively) only by a written instrument duly executed by
the Issuer and the holders of at least a majority in aggregate principal amount
of the Registrable Securities at the time outstanding. Each holder of any
Registrable Securities at the time or thereafter outstanding shall be bound by
any amendment or waiver effected pursuant to this Section 9(h), whether or
not any notice, writing or marking indicating such amendment or waiver appears
on such Registrable Securities or is delivered to such holder.

 

24

 

(i)            Inspection. For so long
as this Agreement shall be in effect, this Agreement and a complete list of the
names and addresses of all the holders of Registrable Securities to the extent
known to the Issuer following reasonably inquiry shall be made available for
inspection and copying on any Business Day by any holder of Registrable Securities
for proper purposes only (which shall include any purpose related to the rights
of the holders of Registrable Securities under the Securities, the Indenture
and this Agreement) at the offices of the Issuer at the address thereof set
forth in Section 9(c) and at the office of the Trustee under the
Indenture.

 

(j)            Counterparts. This
Agreement may be executed by the parties in counterparts, each of which shall
be deemed to be an original, but all such respective counterparts shall
together constitute one and the same instrument.

 

(k)           Severability. If any
provision of this Agreement, or the application thereof in any circumstance, is
held to be invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of such provision in every other respect
and of the remaining provisions contained in this Agreement shall not be
affected or impaired thereby.

 

25

 

If
the foregoing is in accordance with your understanding, please sign and return
to us one for Varietal, the Company and the Guarantors and each of the
Purchasers plus one for each counsel counterparts hereof, and upon the
acceptance hereof by you, on behalf of each of the Purchasers, this letter and
such acceptance hereof shall constitute a binding agreement between each of the
Purchasers, the Guarantors, the Company and Varietal. It is understood that
your acceptance of this letter on behalf of each of the Purchasers is pursuant
to the authority set forth in a form of Agreement among Purchasers, the form of
which shall be submitted to the Issuer for examination upon request, but
without warranty on your part as to the authority of the signers thereof.

 

	
   

  	
  Very
  truly yours,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VARIETAL
  DISTRIBUTION MERGER SUB, 

  
	
   

  	
  INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CDRV
  INVESTORS, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VWR
  INTERNATIONAL, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VWR MANAGEMENT SERVICES LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
  Title:

  
					

 

26

 

	
   

  	
  VWR, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WARD’S NATURAL SCIENCE 

  
	
   

  	
  ESTABLISHMENT, LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SCIENCE KIT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

27

 

	
  Accepted as of the date hereof:

  
	
   

  
	
  GOLDMAN, SACHS & CO.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  GSMP 2006 ONSHORE US, LTD.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  GSMP 2006 OFFSHORE US, LTD.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
  GSMP
  2006 INSTITUTIONAL US, LTD.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  
				

 

 

Exhibit A

 

VWR FUNDING,
INC. (formerly known as CDRV INVESTORS,
INC.)

 

INSTRUCTION TO DTC PARTICIPANTS

AND

ACCOUNT HOLDERS OF EUROCLEAR AND CLEARSTREAM

 

[ Date ]

 

URGENT —
IMMEDIATE ATTENTION REQUESTED

 

DEADLINE FOR RESPONSE:  [  ](a)

 

The Depository Trust Company (“DTC”) or Euroclear System as operated by
Euroclear Bank S.A./N.V. (“Euroclear”) or Clearstream Banking, S.A. (“Clearstream”)
has identified you as a DTC Participant or Account Holder of Euroclear or
Clearstream, as the case may be, through which beneficial interests in the VWR
Funding, Inc. (formerly known as CDRV
Investors, Inc.) (the “Issuer”)
10.75% Senior Subordinated Notes due 2017 (the “Securities”)
are held.

 

The Issuer is in the process of registering the Securities under the
Securities Act of 1933 for resale by the beneficial owners thereof. In order to
have their Securities included in the registration statement, beneficial owners
must complete and return the enclosed Notice of Registration Statement and
Selling Securityholder Questionnaire.

 

It is important that beneficial owners of the Securities receive a copy
of the enclosed materials as soon as possible as their
rights to have the Securities included in the registration statement depend
upon their returning the Notice and Questionnaire by [           ].
Please forward a copy of the enclosed documents to each beneficial owner that
holds interests in the Securities through you. If you require more copies of
the enclosed materials or have any questions pertaining to this matter, please
contact VWR Funding, Inc. (formerly known as CDRV Investors, Inc.), [Address and Telephone Number of
Issuer].

 

(a)           Not less than 28 calendar days from date of
mailing.

 

A-1

 

VWR FUNDING,
INC. (formerly known as CDRV INVESTORS, INC.)

 

Notice of
Registration Statement

And

Selling Securityholder Questionnaire

 

[      ]

 

Reference is hereby made to the Exchange and Registration Rights
Agreement (the “Exchange and Registration Rights Agreement”)
between VWR Funding, Inc. (formerly known as CDRV Investors, Inc.) (the “Issuer”)
and the Purchasers named therein. Pursuant to the Exchange and Registration
Rights Agreement, the Issuer has filed or will file with the United States
Securities and Exchange Commission (the “Commission”) a
registration statement on Form [    ] (the “Shelf Registration Statement”) for the registration and
resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the Issuer’s 10.75% Senior
Subordinated Notes due 2017 (the “Securities”). A
copy of the Exchange and Registration Rights Agreement has been filed as an
exhibit to the Shelf Registration Statement and can be obtained from the
Commission’s website at www.sec.gov. All capitalized terms not otherwise
defined herein shall have the meanings ascribed thereto in the Exchange and
Registration Rights Agreement.

 

Each beneficial owner of Registrable Securities (as defined below) is
entitled to have the Registrable Securities beneficially owned by it included
in the Shelf Registration Statement. In order to have Registrable Securities
included in the Shelf Registration Statement, this Notice of Registration
Statement and Selling Securityholder Questionnaire (“Notice and
Questionnaire”) must be completed, executed and delivered to the
Issuer’s counsel at the address set forth herein for receipt ON OR BEFORE
[Deadline for Response]. Beneficial owners of Registrable Securities who do not
properly complete, execute and return this Notice and Questionnaire by such
date (i) will not be named as selling securityholders in the Shelf
Registration Statement and (ii) may not use the Prospectus forming a part
thereof for resales of Registrable Securities.

 

Certain legal consequences arise from being named as a selling
securityholder in the Shelf Registration Statement and related Prospectus. Accordingly,
holders and beneficial owners of Registrable Securities are advised to consult
their own securities law counsel regarding the consequences of being named or
not being named as a selling securityholder in the Shelf Registration Statement
and related Prospectus.

 

The term “Registrable Securities” is
defined in the Exchange and Registration Rights Agreement.

 

A-2

 

ELECTION

 

The undersigned holder (the “Selling Securityholder”)
of Registrable Securities hereby elects to include in the Shelf Registration
Statement the Registrable Securities beneficially owned by it and listed below
in Item (3). The undersigned, by signing and returning this Notice and Questionnaire,
agrees to be bound with respect to such Registrable Securities by the terms and
conditions of this Notice and Questionnaire and the Exchange and Registration
Rights Agreement, including, without limitation, Section 6 of the Exchange
and Registration Rights Agreement, as if the undersigned Selling Securityholder
were an original party thereto.

 

Pursuant to the Exchange and Registration Rights Agreement, the
undersigned has agreed to indemnify and hold harmless the Issuer, its officers
who sign any Shelf Registration Statement, and each person, if any, who
controls the Issuer within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act of 1934, as amended (the “Exchange Act”), against certain loses arising out of an
untrue statement, or the alleged untrue statement, of a material fact in the
Shelf Registration Statement or the related prospectus or the omission, or
alleged omission, to state a material fact required to be stated in such Shelf
Registration Statement or the related prospectus, but only to the extent such
untrue statement or omission, or alleged untrue statement or omission, was made
in reliance on and in conformity with the information provided in this Notice
and Questionnaire.

 

Upon any sale of Registrable Securities pursuant to the Shelf
Registration Statement, the Selling Securityholder will be required to deliver
to the Issuer and Trustee the Notice of Transfer set forth in Appendix A
to the Prospectus and as Exhibit B to the Exchange and Registration Rights
Agreement.

 

The Selling Securityholder hereby provides the following information to
the Issuer and represents and warrants that such information is accurate and
complete:

 

A-3

 

QUESTIONNAIRE

 

(1)           (a)           Full legal name of
Selling Securityholder:

 

 

(b)           Full legal name of registered Holder (if not
the same as in (a) above) of Registrable Securities listed in Item (3) below:

 

 

(c)           Full legal name of DTC Participant (if
applicable and if not the same as (b) above) through which Registrable
Securities listed in Item (3) below are held:

 

 

(2)           Address for notices
to Selling Securityholder:

 

 

 

Telephone:

Fax:

Contact Person:

E-mail for Contact Person:

 

(3)           Beneficial
Ownership of Securities:

 

Except as
set forth below in this Item (3), the undersigned does not beneficially
own any Securities.

 

(a)           Principal amount of Registrable Securities
beneficially owned:

                CUSIP
No(s). of such Registrable Securities:

 

(b)           Principal amount of Securities other than
Registrable Securities beneficially owned:

                

                

                CUSIP
No(s). of such other Securities:

 

(c)           Principal amount of Registrable Securities
that the undersigned wishes to be included in the Shelf Registration Statement:

CUSIP No(s). of such Registrable Securities to be included in the Shelf
Registration Statement:

 

A-4

 

(4)           Beneficial
Ownership of Other Securities of the Issuer:

 

Except as
set forth below in this Item (4), the undersigned Selling Securityholder
is not the beneficial or registered owner of any other securities of the
Issuer, other than the Securities listed above in Item (3).

 

State any exceptions here:

 

 

 

 

(5)           Individuals
who exercise dispositive powers with respect to the Securities:

 

If the
Selling Securityholder is not an entity that is required to file reports with
the Commission pursuant to Section 13 or 15(d) of the Exchange Act (a
“Reporting Company”), then the Selling Securityholder must disclose the name of
the natural person(s) who exercise sole or shared dispositive powers with
respect to the Securities. Selling Securityholders should disclose the beneficial
holders, not nominee holders or other such others of record. In addition, the
Commission has provided guidance that Rule 13d-3 of the Securities
Exchange Act of 1934 should be used by analogy when determining the person or
persons sharing voting and/or dispositive powers with respect to the
Securities.

 

(a)           Is the holder a Reporting Company?

 

Yes o                                  No o

 

If “No,”
please answer Item (5)(b).

 

(b)           List below the individual or individuals who
exercise dispositive powers with respect to the Securities:

                

                

                

                

 

Please note that the names of
the persons listed in (b) above will be included in the Shelf Registration
Statement and related Prospectus.

 

(6)           Relationships
with the Issuer:

 

Except as
set forth below, neither the Selling Securityholder nor any of its affiliates,
officers, directors or principal equity holders (5% or more) has held any
position or office or has had any other material relationship with the Issuer
(or its predecessors or affiliates) during the past three years.

 

A-5

 

State any exceptions here:

 

 

 

 

(7)           Plan
of Distribution:

 

Except as
set forth below, the undersigned Selling Securityholder intends to distribute
the Registrable Securities listed above in Item (3) only as follows (if at
all):  Such Registrable Securities may be
sold from time to time directly by the undersigned Selling Securityholder. Such
Registrable Securities may be sold in one or more transactions at fixed prices,
at prevailing market prices at the time of sale, at varying prices determined
at the time of sale, or at negotiated prices. Such sales may be effected in
transactions (which may involve crosses or block transactions) (i) on any
national securities exchange or quotation service on which the Registered Securities
may be listed or quoted at the time of sale, (ii) in the over-the-counter
market, (iii) in transactions otherwise than on such exchanges or services
or in the over-the-counter market, or (iv) through the writing of options.
In connection with sales of the Registrable Securities or otherwise, the
Selling Securityholder may enter into hedging transactions with broker-dealers,
which may in turn engage in short sales of the Registrable Securities in the
course of hedging the positions they assume. The Selling Securityholder may
also sell Registrable Securities short and deliver Registrable Securities to
close out such short positions, or loan or pledge Registrable Securities to
broker-dealers that in turn may sell such securities.

 

State any exceptions here:

 

 

 

 

Note:  In no event may such method(s) of
distribution take the form of an underwritten offering of Registrable
Securities without the prior written agreement of the Issuer.

 

(8)           Broker-Dealers:

 

The
Commission requires that all Selling Securityholders that are registered
broker-dealers or affiliates of registered broker-dealers be so identified in
the Shelf Registration Statement. In addition, the Commission requires that all
Selling Securityholders that are registered broker-dealers be named as
underwriters in the Shelf Registration Statement and related Prospectus, even
if

 

A-6

 

they did
not receive the Registrable Securities as compensation for underwriting activities.

 

(a)           State whether the undersigned Selling
Securityholder is a registered broker-dealer:

 

Yes o                                  No o

 

(b)           If the answer to (a) is “Yes,” you must
answer (i) and (ii) below, and (iii) below if applicable. Your answers to (i) and (ii) below, and (iii) below
if applicable, will be included in the Shelf Registration Statement and related
Prospectus.

 

(i)            Were the Securities acquired as
compensation for underwriting activities?

 

Yes o                                  No o

 

If you answered “Yes,” please
provide a brief description of the transaction(s) in which the Securities were
acquired as compensation:

 

 

 

 

(ii)           Were the Securities acquired for investment
purposes?

 

Yes o                                  No o

 

(iii)          If
you answered “No” to both (i) and (ii), please explain the Selling
Securityholder’s reason for acquiring the Securities:

 

 

 

 

(c)           State whether the undersigned Selling
Securityholder is an affiliate of a registered broker-dealer and, if so, list
the name(s) of the broker-dealer affiliate(s):

 

Yes o                                  No o

 

 

 

 

A-7

 

(d)           If you answered “Yes” to question (c) above:

 

(i)            Did the undersigned Selling Securityholder
purchase Registrable Securities in the ordinary course of business?

 

Yes o                                  No o

 

If the answer is “No” to
question (d)(i), provide a brief explanation of the circumstances in which the
Selling Securityholder acquired the Registrable Securities:

 

 

 

 

(ii)           At the time of the purchase of the
Registrable Securities, did the undersigned Selling Securityholder have any
agreements, understandings or arrangements, directly or indirectly, with any
person to dispose of or distribute the Registrable Securities?

 

Yes o                                  No o

 

If the answer is “Yes” to
question (d)(ii), provide a brief explanation of such agreements, understandings
or arrangements:

 

 

 

 

If the answer is “No” to Item (8)(d)(i) or
“Yes” to Item (8)(d)(ii), you
will be named as an underwriter in the Shelf Registration Statement and the
related Prospectus.

 

(9)           Hedging
and short sales:

 

(a)           State whether the undersigned Selling
Securityholder has or will enter into “hedging transactions” with respect to
the Registrable Securities:

 

Yes o                                  No o

 

If “Yes,” provide below a
complete description of the hedging transactions into which the undersigned
Selling Securityholder has entered or will enter and the purpose of such
hedging transactions, including the extent to which such hedging transactions
remain in place:

 

A-8

 

 

 

 

 

(b)           Set forth below is Interpretation A.65 of
the Commission’s July 1997 Manual of Publicly Available Interpretations
regarding short selling:

 

“An issuer
filed a Form S-3 registration statement for a secondary offering of common
stock which is not yet effective. One of the selling shareholders wanted to do
a short sale of common stock “against the box” and cover the short sale with
registered shares after the effective date. The issuer was advised that the
short sale could not be made before the registration statement becomes
effective, because the shares underlying the short sale are deemed to be sold
at the time such sale is made. There would, therefore, be a violation of Section 5
if the shares were effectively sold prior to the effective date.”

 

By returning this Notice and
Questionnaire, the undersigned Selling Securityholder will be deemed to be
aware of the foregoing interpretation.

 

*              *              *              *              *

 

By signing below, the Selling Securityholder acknowledges that it
understands its obligation to comply, and agrees that it will comply, with the
provisions of the Exchange Act, particularly Regulation M (or any successor rule or
regulation).

 

The Selling Securityholder hereby acknowledges its obligations under
the Exchange and Registration Rights Agreement to indemnify and hold harmless
the Issuer and certain other persons as set forth in the Exchange and
Registration Rights Agreement.

 

In the event that the Selling Securityholder transfers all or any
portion of the Registrable Securities listed in Item (3) above after
the date on which such information is provided to the Issuer, the Selling Securityholder
agrees to notify the transferee(s) at the time of the transfer of its rights
and obligations under this Notice and Questionnaire and the Exchange and Registration
Rights Agreement.

 

By signing below, the Selling Securityholder consents to the disclosure
of the information contained herein in its answers to Items (1) through
(9) above and the inclusion of such information in the Shelf Registration
Statement and related Prospectus. The Selling Securityholder understands that
such information will be relied upon by the Issuer in connection with the
preparation of the Shelf Registration Statement and related Prospectus.

 

In accordance with the Selling Securityholder’s obligation under Section 3(d) of
the Exchange and Registration Rights Agreement to provide such information as
may be required by law for 

 

A-9

 

inclusion in the Shelf Registration Statement, the Selling
Securityholder agrees to promptly notify the Issuer of any inaccuracies or
changes in the information provided herein which may occur subsequent to the
date hereof at any time while the Shelf Registration Statement remains in
effect and to provide such additional information that the Issuer may
reasonably request regarding such Selling Securityholder and the intended
method of distribution of Registrable Securities in order to comply with the
Securities Act. Except as otherwise provided in the Exchange and Registration
Rights Agreement, all notices hereunder and pursuant to the Exchange and Registration
Rights Agreement shall be made in writing, by hand-delivery, first-class mail,
or air courier guaranteeing overnight delivery as follows:

 

(i)       To
the Issuer:

 

 

 

 

 

 

(ii)       With
a copy to:

 

 

 

 

 

Once this Notice and Questionnaire is executed by the Selling
Securityholder and received by the Issuer’s counsel, the terms of this Notice
and Questionnaire, and the representations and warranties contained herein,
shall be binding on, shall inure to the benefit of and shall be enforceable by
the respective successors, heirs, personal representatives, and assigns of the
Issuer and the Selling Securityholder (with respect to the Registrable
Securities beneficially owned by such Selling Securityholder and listed in Item
(3) above. This Notice and Questionnaire shall be governed in all respects
by the laws of the State of New York.

 

A-10

 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has
caused this Notice and Questionnaire to be executed and delivered either in
person or by its duly authorized agent.

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Selling Securityholder

  
	
   

  	
  (Print/type full legal name of beneficial owner of 

  
	
   

  	
  Registrable Securities)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
						

 

PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR
RECEIPT ON OR BEFORE [            ]
TO THE ISSUER’S COUNSEL AT:

 

 

 

 

 

 

A-11

Exhibit B

 

NOTICE OF
TRANSFER PURSUANT TO REGISTRATION STATEMENT

 

[Name of Trustee]

c/o [Name of Trustee]

[Address of Trustee]

 

Attention:  Trust Officer

 

Re:          VWR Funding, Inc.
(formerly known as CDRV Investors, Inc.) (the “Issuer”)
 10.75% Senior Subordinated Notes due
2017

 

Dear Sirs:

 

Please be advised that                                        
has transferred $                
aggregate principal amount of the above-referenced Notes pursuant to an
effective Registration Statement on Form [      ]
(File No. 333-          )
filed by the Issuer.

 

We hereby certify that the prospectus delivery requirements, if any, of
the Securities Act of 1933, as amended, have been satisfied and that the
above-named beneficial owner of the Notes is named as a “Selling Holder” in the
Prospectus dated June 27, 2007 or in supplements thereto, and that the
aggregate principal amount of the Notes transferred are the Notes listed in
such Prospectus opposite such owner’s name.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Name)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Authorized Signature)

  
	
   

  	
   

  
				

 

B-1

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