Document:

Share Purchase Agreement

 Exhibit 10.1 
 Enclosure I 
 SHARE PURCHASE AGREEMENT 

regarding the acquisition of 
 Movianto Group 

 SHARE PURCHASE AGREEMENT 
 THIS SHARE PURCHASE AGREEMENT is made on 31 August 2012 
 BETWEEN: 

 

	(1)	Celesio AG, a public stock company incorporated under the laws of Germany, with its registered office at Neckartalstraße 155, 70376 Stuttgart, Germany,
registered with the commercial register of the local court Stuttgart under HRB 9517; 

(“Seller 1”); 
  

	(2)	Admenta Deutschland GmbH, a limited liability company incorporated under the laws of Germany, with its registered office at Neckartalstraße 155, 70376
Stuttgart, Germany, registered with the commercial register of the local court Suttgart under HRB 720173; 

(“Seller 2”); 
  

	(3)	Admenta Denmark ApS, a limited liability company incorporated under the laws of Denmark, with its registered office at Brandstrupvej 4, 2610 Rødovre,
Denmark, registered under company registration number CVR-no: 29 15 05 67; 

 (“Seller 3”);

  

	(4)	Admenta France S.A., a limited liability company incorporated under the laws of France, with business seat at 2, rue Galien, 93400 Saint-Ouen, France, registered
with the Registry of Commerce and Companies of Bobigny under number 345 277 917; 

(“Seller 4”); 
  

	(5)	OCP Portugal Produtos Farmaceuticos, S.A., a stock company incorporated under the laws of Portugal, with its registered office at Pinheiros Park II, Casal
Pinheiro, 2580-507 Carregado, freguesia do Carregado, concelho de Alenquer, Portugal, taxpayer number 509040411, registered with the Registry of Companies of Maia under the same number; 

(“Seller 5”); 
 Seller 1, Seller 2, Seller 3, Seller 4 and Seller 5 hereinafter also referred to as “Sellers”; 

  
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	(6)	O&M-Movianto Nederland B.V. a limited liability company incorporated under the laws of the Netherlands, with its registered office at Teleportboulevard 140,
1043 EJ Amsterdam, the Netherlands, registered with the Chamber of Commerce and Industry under registration number 55836151; 

 (“Purchaser 1”); 
  

	(7)	O&M-Movianto UK Holdings Ltd. a limited liability company incorporated under the laws of England and Wales, with its registered office at Broadwalk House,
5 Appold Street, London EC2A 2HA, United Kingdom, registered with the Companies House under 8179358; 

(“Purchaser 2”); 
  

	(8)	O&M-Movianto France Holdings SAS a limited liability company incorporated under the laws of France, with its registered office at 76 rue de la Pompe, 75116
Paris, France, registered with the Companies’ Register of Paris under 753 422 575; 

(“Purchaser 3”); 
 Purchaser 1, Purchaser 2 and Purchaser 3 hereinafter also referred to as the “Purchasers”; 
 and 
  

	(9)	Owens & Minor, Inc. a joint stock company incorporated under the laws of the Commonwealth of Virginia, with its registered office at 9120 Lockwood
Boulevard, Richmond, Virginia 23116, USA, registered with the Virginia State Corporation Commission under 0419766; 

(“Purchasers’ Guarantor”) 
 the Sellers, the Purchasers and the Purchasers’ Guarantor are hereinafter each referred to as a “Party” and collectively the “Parties”. 

  
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 Table of Contents 

 

							
	 Share Purchase Agreement
	  			
		
	 PREAMBLE
	  	 	7	  
			
	 1.
	  	 DEFINITIONS AND INTERPRETATION
	  	 	7	  
			
	 2.
	  	 THE SHARES IN THE MOVIANTO COMPANIES
	  	 	16	  
			
	 2.1
	  	 Seller 1 Shares
	  	 	16	  
			
	 2.2
	  	 Seller 2 Shares
	  	 	17	  
			
	 2.3
	  	 Seller 3 Shares
	  	 	17	  
			
	 2.4
	  	 Seller 4 Shares
	  	 	17	  
			
	 2.5
	  	 Seller 5 Shares
	  	 	18	  
			
	 3.
	  	 INTERCOMPANY DEBT
	  	 	18	  
			
	 4.
	  	 SALE OF SHARES
	  	 	19	  
			
	 4.1
	  	 Transfer of the Shares
	  	 	20	  
			
	 4.1.1
	  	 German Share Transfers
	  	 	20	  
			
	 4.1.2
	  	 Local Transfer Agreements
	  	 	21	  
			
	 4.2
	  	 Ancillary Rights
	  	 	21	  
			
	 4.3
	  	 Effective Date
	  	 	21	  
			
	 4.4
	  	 Approvals
	  	 	21	  
			
	 4.5
	  	 Employee Information and Consultation
	  	 	21	  
			
	 5.
	  	 PURCHASE PRICE, PAYMENTS
	  	 	22	  
			
	 5.1
	  	 Purchase Price
	  	 	22	  
			
	 5.2
	  	 Preliminary Purchase Price
	  	 	22	  
			
	 5.3
	  	 Closing Accounts
	  	 	23	  
			
	 5.4
	  	 Purchase Price Adjustment
	  	 	25	  
			
	 5.5
	  	 Preliminary Purchase Price Allocation
	  	 	26	  
			
	 5.6
	  	 General Rules for Payments
	  	 	27	  
			
	 6.
	  	 PAYMENT INTO ESCROW ACCOUNT
	  	 	28	  
			
	 7.
	  	 CLOSING
	  	 	28	  
			
	 7.1
	  	 Closing Date
	  	 	28	  
			
	 7.2
	  	 Conditions, Sellers’ Covenants and Interim Protections
	  	 	28	  
			
	 7.3
	  	 Actions on Closing
	  	 	30	  
			
	 7.4
	  	 Closing Memorandum
	  	 	31	  
			
	 7.5
	  	 Rescission
	  	 	31	  
			
	 8.
	  	 SELLERS’ GUARANTEES
	  	 	32	  

  
 4 

							
			
	 8.1
	  	 Sellers’ Guarantees
	  	 	32	  
			
	 8.2
	  	 No other Guarantees
	  	 	41	  
			
	 9.
	  	 REMEDIES
	  	 	41	  
			
	 9.1
	  	 Remedies
	  	 	41	  
			
	 9.2
	  	 No Double Claims
	  	 	42	  
			
	 9.3
	  	 Purchasers’ Claim Procedure
	  	 	42	  
			
	 9.4
	  	 Limitation of the Sellers’ Liability
	  	 	42	  
			
	 9.5
	  	 Third Party Claim Procedure
	  	 	43	  
			
	 10.
	  	 LIMITATION OF CLAIMS
	  	 	44	  
			
	 10.1
	  	 Time Limitations
	  	 	44	  
			
	 10.2
	  	 Exclusion of Statutory Limitation Rules
	  	 	44	  
			
	 10.3
	  	 De Minimis Amount/Deductible
	  	 	45	  
			
	 10.4
	  	 Liability Cap
	  	 	45	  
			
	 10.5
	  	 Exclusion of Statutory Rights
	  	 	45	  
			
	 10.6
	  	 Tax limitations
	  	 	45	  
			
	 10.7
	  	 Indemnities limitations
	  	 	46	  
			
	 11.
	  	 TAX
	  	 	46	  
			
	 12.
	  	 PURCHASERS’ GUARANTEES
	  	 	51	  
			
	 12.1
	  	 Authorization of Purchasers
	  	 	52	  
			
	 12.2
	  	 Litigation
	  	 	52	  
			
	 12.3
	  	 Purchasers’ Knowledge
	  	 	52	  
			
	 13.
	  	 GUARANTEE OF THE PURCHASERS’ GUARANTOR
	  	 	52	  
			
	 14.
	  	 INDEMNITIES
	  	 	52	  
			
	 14.1
	  	 Domination and profit and loss pooling agreement
	  	 	52	  
			
	 14.2
	  	 Full Receipt of all Rights and Assets
	  	 	53	  
			
	 14.3
	  	 Transfer of Rights And Assets
	  	 	53	  
			
	 14.4
	  	 Business Sale Agreement and the Demerger
	  	 	53	  
			
	 14.5
	  	 Seller 1’s Indemnity re missing parts of the business
	  	 	54	  
			
	 14.6
	  	 Purchaser 2’s Indemnity re demerged/transferred activities after Closing
	  	 	54	  
			
	 14.7
	  	 Assets or rights which were not transferred under Business Sale Agreement or Demerger
	  	 	54	  
			
	 14.8
	  	 Insolvency
	  	 	54	  
			
	 14.9
	  	 Admenta Pension Scheme
	  	 	55	  
			
	 14.10
	  	 Pension Liability
	  	 	55	  

  
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	 14.11
	  	 Licensing Agreements
	  	 	55	  
			
	 14.12
	  	 Exclusion of Limitations
	  	 	55	  
			
	 15.
	  	 UNDERTAKINGS OF THE PURCHASER
	  	 	56	  
			
	 15.1
	  	 Healthcare Services SPA
	  	 	56	  
			
	 15.2
	  	 Replacement of Collateral
	  	 	57	  
			
	 16.
	  	 NON-COMPETE AND NON-SOLICITATION
	  	 	57	  
			
	 16.1
	  	 Non-compete
	  	 	57	  
			
	 16.2
	  	 Non-solicitation
	  	 	59	  
			
	 17.
	  	 FUTURE CO-OPERATION
	  	 	59	  
			
	 18.
	  	 ANNOUNCEMENTS, CONFIDENTIALITY AND OTHER BUSINESS MATTERS
	  	 	60	  
			
	 18.1
	  	 Restrictions of Announcements
	  	 	60	  
			
	 18.2
	  	 Confidentiality
	  	 	60	  
			
	 18.3
	  	 Cooperation
	  	 	61	  
			
	 19.
	  	 NOTICES
	  	 	61	  
			
	 20.
	  	 MISCELLANEOUS
	  	 	62	  
			
	 20.1
	  	 Costs
	  	 	62	  
			
	 20.2
	  	 Entire Agreement
	  	 	63	  
			
	 20.3
	  	 No Assignment
	  	 	63	  
			
	 20.4
	  	 Governing Law
	  	 	63	  
			
	 20.5
	  	 Disputes
	  	 	63	  
			
	 20.6
	  	 Severability
	  	 	64	  

  
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 PREAMBLE 
  

	(A)	The Sellers through their direct and indirect subsidiaries Movianto Deutschland GmbH, Movianto GmbH, Movianto Ceska republika s.r.o., Movianto Slovensko s.r.o.,
Movianto Nederland B.V., Movianto Schweiz AG, AVS Health Espana S.L., Movianto Espana, S.A., Celesio Manufacturer Solutions Danmark Distributors ApS (renamed Movianto Nordic ApS), Healthcare Services Group PLC, Movianto UK Ltd., Movianto Transport
Solutions Limited, Healthcare Product Services Ltd., Pharmacare Logistics Ltd., Movianto France SAS, Movianto Portugal, S.A. and Movianto Belgium n.V. (such subsidiaries hereinafter individually a “Movianto Company” and collectively
the “Movianto Companies”) are engaged in the business of healthcare logistics comprising a full service offering including transport, value-added services (warehousing and manufacturing), business process outsourcing (cash
collection, kitting, relabeling, etc.) and distribution and specialist solutions (“Business”). A corporate structure chart showing the current ownership of the Movianto Companies is attached as Exhibit P1.

  

	(B)	The Sellers are interested in disposing their shares in the Movianto Companies and the Purchasers intend to acquire such shares in accordance with the terms of this
Agreement (“Transaction”). 

 NOW, THEREFORE, the Parties agree as follows: 

 

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Agreement the following words shall have the following meanings, unless the context otherwise requires: 

“Agreement” means this share purchase agreement and all Exhibits thereto; 

“Affiliates” shall mean verbundene Unternehmen within the meaning of Sec. 15 German Stock Corporation Act
(AktG); 
 “Annual Financial Statements” shall bear the meaning given to such term in Section 8.1.5;

 “Balance Amount” shall bear the meaning given to such term in Section 3; 

“Business” shall bear the meaning given to such term in the Preamble (A); 

  
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 “Business Day” means a day (excluding Saturdays) on which banks generally
are open in Frankfurt am Main, Germany, for the transaction of normal banking business; 
 “Business Sale Agreement”
means the agreement for the sale and purchase of the business of Movianto Northern Ireland dated 18 May 2012 made between (i) AAH Pharmaceuticals Limited and (ii) Movianto UK Limited; 

“Cash” means the aggregate amount of cash and cash equivalents held by the Movianto Companies (including
cash balances held at rent deposits) excluding any amount already included within the Intercompany Debt, but, for the avoidance of doubt, including any amounts used for the repayment of the Intercompany Debt at Closing, as at close of business on
Closing Date, as set out in the Statement and calculated in accordance with Section 5.3(a) and on the basis of the accounting policies and procedures set out in Exhibit 5.3(a); 

“Celesio’s Existing Competing Activities” shall bear the meaning given to such term in Section 16.1.3(i);

 “Celesio’s Existing Business” shall bear the meaning given to such term in Section 16.1.3(iii) (b);

 “Closing” shall bear the meaning given to such term in Section 7.3; 

“Closing Accounts” means a document in the format set out in Exhibit 5.3(a) to be prepared in
accordance with Section 5.3 and on the basis of the accounting policies and procedures set out in Exhibit 5.3(a); 
 “Closing Actions” shall bear the meaning given to such term in Section 7.3; 
 “Closing Condition” shall bear the meaning given to such term in Section 7.2; 
 “Closing Date” shall bear the meaning given to such term in Section 7.1; 
 “Closing Memorandum” shall bear the meaning given to such term in Section 7.4; 
 “Closing Installment” shall bear the meaning given to such term in Section 5.2a); 
 “Collateral” shall bear the meaning given to such term in Section 15.2.1; 
 “Debt” means the aggregate amount of indebtedness of the Movianto Companies for borrowed monies and for finance leases from banks or similar institutions excluding the Intercompany Debt
as at close of business on the Closing Date (including in each case accrued interest and penalties thereon and including any break fees which would be incurred were such facilities to be terminated at Closing), as set out in the Statement and
calculated in accordance with Section 5.3 and on the basis of the accounting policies and procedures set out in Exhibit5.3(a); 

  
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 “Deductible” shall bear the meaning given to such term in
Section 10.3; 
 “De Minimis Amount” shall bear the meaning given to such term in Section 10.3;

 “Demerger” means the legal demerger in accordance with the terms of a demerger plan dated 13 July 2012
pursuant to which Tjellesen Max Jenne A/S transferred its Movianto business to Celesio Manufacturer Solutions Danmark Distributors ApS (renamed Movianto Nordic ApS); 
 “Deloitte Step Plan” means the recapitalization step plan prepared by Deloitte setting out the required steps for the recapitalization of certain Movianto Companies prior to Closing
attached as Exhibit 1 other than the steps which relate to the procurement of the repayment of the Preliminary Intercompany Debt by any OMI entity or the transfer of the shares of the Movianto Companies which have been included in
the document in order to establish the sequence of events only; 
 “Effective Date” shall bear the meaning given
to such term in Section 4.3; 
 “Enterprise Value” shall bear the meaning given to such term in
Section 5.1(a); 
 “Escrow Account” shall bear the meaning as defined in the Escrow Agreement; 

“Escrow Agreement” means the Escrow Agreement referred to in Section 6.1.2; 

“Escrow Amount” shall bear the meaning given to such term in Section 5.2; 

“Final Intercompany Debt” shall bear the meaning given to such term in Section 3; 

“Firm” shall bear the meaning given to such term in Section 5.3(e); 

“Group Relief” means, for UK taxation purposes, any of the following: a) relief capable of being
surrendered or claimed pursuant to Part 5 of the Corporation Tax Act 2010; b) a tax refund relating to an accounting period capable of being surrendered or claimed pursuant to section 963 of the Corporation Tax Act 2010; c) the notional transfer of
an asset or reallocation of a gain or loss pursuant to section 171A or section 179A Taxation of Chargeable Gains Act 1992 and the notional reallocation of gain pursuant to section 792 of the Corporation Tax Act 2009; or d) any other loss, allowance,
credit, exemption, compensating adjustment, deduction or relief from or in computing Tax or any right to the repayment of Tax available between members of a group for Tax purposes; 

  
 9 

 “Healthcare Services SPA” shall bear the meaning given to
such term in Section 15.1; 
 “Information Technology” shall bear the meaning given to such term in
Section 8.1.8; 
 “Intellectual Property Rights” means patents, trademarks, service marks, trade and
business names, internet domain names, copyrights and registered designs; 
 “Intercompany Debt” shall bear the
meaning given to such term in Section 3; 
 “IT Transition Service Agreement” shall bear the meaning given
to such term in Section 7.2.8; 
 “Key Employees” shall bear the meaning given to such term in
Section 8.1.6a); 
 “Liability Cap” shall bear the meaning given to such term in Section 10.4;

 “Long-Stop-Date” shall bear the meaning given to such term in Section 7.5; 

“Losses” means any losses, costs, charges, damages, contributions, compensation, judgments, penalties, actions,
proceedings, claims, fines, demands, obligations, Taxes, liabilities (including liability for any sums payable or costs incurred in order to avoid, settle or mitigate any claim, action, demand or proceedings) and reasonable expenses (including
without limitation all reasonable professional adviser fees, charges and expenses); 
 “Material Agreements”
shall bear the meaning given to such term in Section 8.1.9; 
 “Moral Hazard Liabilities” means
(a) any obligation to make a payment or payments under a contribution notice or notices issued under section 38 of the UK Pensions Act 2004; (b) any obligation to make a payment or payments under a contribution notice or notices issued
under section 47 of the UK Pensions Act 2004; and (c) any obligation or liability under a financial support direction issued under section 43 of the UK Pensions Act 2004 or any arrangements made in relation to any such financial support
direction; 
 “Movianto Company” and “Movianto Companies” shall bear the meaning given to such
terms in the Preamble (A); 
 “Movianto Deutschland Shares” shall bear the meaning given to such term in
Section 4.1.1; 
 “Movianto Nordic” shall bear the meaning given to such term in Section 14.2;

  
 10 

 “Non-Disclosed Pension Scheme” means any scheme or arrangement in relation
to which the Sellers or any of the Movianto Companies by virtue of their participation in Seller 1’s corporate group prior to the Closing Date have any obligations to pay, participate in, provide or contribute towards any retirement benefits as
defined in section 255(5) of the UK Pensions Act 2004 (such definition to be deemed to include all types of retirement benefit arrangements in all jurisdictions (including but not limited to occupational, personal, contractual and unfunded
arrangements)) to or in respect of any person save for any obligations to provide money purchase benefits (as defined in section 181 of the UK Pension Schemes Act 1993) under the AAH Lloyds Pension Scheme; 

“Party” and “Parties” shall bear the meaning given to such term in the introduction of
this Agreement; 
 “Pension Commitments” shall bear the meaning given to such term in Section 8.1.6d);

 “Pension Liability” means any Losses incurred by the Purchasers and/or any of the Movianto
Companies arising out of or in connection with any Non-Disclosed Pension Scheme after the Closing Date (including without limitation any Moral Hazard Liabilities or restoration order successfully imposed in respect of any Non-Disclosed Pension
Scheme on the Purchasers and/or any of the Movianto Companies by the UK Pensions Regulator in accordance with its powers under sections 38 to 52 of the UK Pensions Act 2004) or any amount of funding required to be accrued and not fully accrued by
any of the Movianto Companies until the Closing Date in respect of any defined benefit pension schemes; 
 “Permits”
shall bear the meaning given to such term in Section 8.1.13a); 
 “Person” shall mean any individual,
legal entity (juristische Person), partnership (Personengesellschaft) or other association (whether or not having separate legal personality and irrespective of the jurisdiction in or under the law of which it was incorporated or
exists); 
 “Preliminary Intercompany Debt” shall bear the meaning given to such term in
Section 3; 
 “Purchase Price” shall bear the meaning given to such term in Section 5.1; 

“Purchase Price Adjustment” shall bear the meaning given to such term in Section 5.1(b); 

“Purchase Price Allocation” shall bear the meaning given to such term in Section 5.5; 

  
 11 

 “Purchaser 1” shall bear the meaning given to such term in the introduction
of this Agreement; 
 “Purchaser 2” shall bear the meaning given to such term in the introduction
of this Agreement; 
 “Purchaser 3” shall bear the meaning given to such term in the introduction
of this Agreement; 
 “Purchasers” shall bear the meaning given to such term in the introduction
of this Agreement; 
 “Purchasers’ Accounts” means with respect to Purchaser 1 the account in the name
of the Purchaser 1, IBAN NL54CHAS0209980052 at J.P. Morgan Chase Bank, Amsterdam, the Netherlands, with respect to Purchaser 2, the account in the name of the Purchaser 2, IBAN GB36CHAS60924241035449 (GBP account) and IBAN
GB36CHAS60924241035448 (EUR account) both at J.P. Morgan Chase Bank, London, UK and with respect to Purchaser 3, the account in the name of the Purchaser 3, IBAN FR7630628000010060900023602 at J.P. Morgan Chase Bank, Paris, France; 

“Purchasers’ Guarantor” shall bear the meaning given to such term in the introduction of this Agreement; 

“Preliminary Purchase Price” shall bear the meaning given to such term in Section 5.2; 

“Preliminary Purchase Price Allocation” shall bear the meaning given to such term in Section 5.5; 

“Restricted Business” shall bear the meaning given to such term in Section 16.1.2; 

“Section 75 Debt” means a debt payable under section 75 or section 75A of the UK Pensions Act 1995 or any regulations
made thereunder to or in respect of the Admenta Pension Scheme; 
 “Seller 1” shall bear the meaning given
to such term in the introduction of this Agreement; 
 “Seller 2” shall bear the meaning given to such term
in the introduction of this Agreement; 
 “Seller 3” shall bear the meaning given to such term in the
introduction of this Agreement; 

  
 12 

 “Seller 4” shall bear the meaning given to such term in the
introduction of this Agreement; 
 “Seller 5” shall bear the meaning given to such term in the introduction
of this Agreement; 
 “Seller 1 Shares” shall bear the meaning given to such term in
Section 2.1; 
 “Seller 1 Shares (1)” shall bear the meaning given to such term in
Section 2.1; 
 “Seller 1 Shares (2)” shall bear the meaning given to such term in
Section 2.1; 
 “Seller 1 Shares (3)” shall bear the meaning given to such term in
Section 2.1; 
 “Seller 1 Shares (4)” shall bear the meaning given to such term in
Section 2.1; 
 “Seller 2 Shares” shall bear the meaning given to such term in
Section 2.2; 
 “Seller 2 Shares (1)” shall bear the meaning given to such term in
Section 2.2; 
 “Seller 2 Shares (2)” shall bear the meaning given to such term in
Section 2.2; 
 “Seller 3 Shares” shall bear the meaning given to such term in
Section 2.3; 
 “Seller 4 Shares” shall bear the meaning given to such term in
Section 2.4; 
 “Seller 4 Shares (1)” shall bear the meaning given to such term in
Section 2.4; 
 “Seller 4 Shares (2)” shall bear the meaning given to such term in
Section 2.4; 
 “Seller 5 Shares” shall bear the meaning given to such term in
Section 2.5; 
 “Sellers” shall bear the meaning given to such term in the introduction of this Agreement;

 “Sellers’ Account” means the account notified by the Seller 1 at least two Business Days prior to
Closing; 
 “Sellers’ Guarantees” shall bear the meaning given to such term in Section 8.1;

 “Sellers’ Knowledge” shall bear the meaning given to such term in Section 8.1.17; 

“Shares” shall bear the meaning given to such term in Section 2.5; 

  
 13 

 “Statement” means the Statement in the format set out in
Exhibit 5.3(a) listing the individual items of Cash, Debt, Working Capital Amount and Final Intercompany Debt as of the Closing Date; 
 “Target Working Capital Amount” means EUR 23,000,000; 

“Tax” or “Taxes” shall mean all tax liabilities, including income taxes (personal or corporate), gross
receipts taxes, franchise taxes, windfall profits taxes, capital taxes, stamp duties (both on the issuance and on the transfer of securities), transfer or other sales taxes, withholding taxes, value added taxes, employment or payroll taxes, social
security contributions, property taxes, and the like and all other taxes, duties, levies or imposts, customs duties payable to any competent taxing authority in any jurisdiction (whether disputed or not), as well as any interest, penalties, costs
and expenses reasonably related thereto; 
 “Tax Authority” shall mean any governmental authority or other body
responsible for the assessment, administration or collection of Taxes; 
 “Tax Refund” shall mean any received
payment of any Tax, any claim for a Tax credit, and any claim for repayment of any Tax including any refund of corporate income tax (Körperschaftsteuerguthaben) resulting from the former imputation tax system pursuant to section 37 of
the German Corporate Income Tax Act (KStG) or any similar refund under any other jurisdiction; 
 “Tax Return”
shall mean any return, form, declaration, report or similar document to be submitted to the Tax Authorities, including any schedule or attachment thereto. 
 “Territories” shall bear the meaning given to such term in Section 16.1.1; 
 “Third Party Claim” shall bear the meaning given to such term in Section 9.5; 
 “Time Limitations” shall bear the meaning given to such term in Section 10.1; 
 “Transaction” shall bear the meaning given to such term in the Preamble (B); 
 “Transition Services Agreements” shall bear the meaning given to such term in Section 7.3.3; and 
 “Working Capital Amount” means the aggregate value of: 
  

	 	(a)	the stocks or inventories of the Movianto Companies (comprising the line items “Inventories” in the Closing Accounts); 

 

	 	(b)	the consolidated trade and sundry debtors of the Movianto Companies (excluding any amount constituting the Intercompany Debt) (comprising the line items “Trade
receivables”, “receivables from affiliates - non-interest bearing” and “other receivables” in the Closing Accounts); and 

  
 14 

	 	(c)	all consolidated prepaid expenses of the Movianto Companies (comprising the line item “Deferred expenses” in the Closing Accounts), 

less the aggregate value of: 
  

	 	a.	the consolidated trade and sundry creditors of the Movianto Companies (excluding any amount constituting the Intercompany Debt) (comprising the line items “Trade
payables; Advance payments”, “Payables to affiliates.-Non-Interest Bearing”, “Retirement benefit”, “Provisions-non-current”; “Provisions (current)”, “Other current liabilities” and
“Deferred income” in the Closing Accounts); and 

  

	 	b.	all accrued expenses (excluding interest payable) of each Movianto Company (comprising the line item “ Accrued expenses” in the Closing Accounts),

 in each case, as at close of business on the Closing Date and calculated in accordance with Section 5.3(a)
and on the basis of the accounting policies and procedures set out in Exhibit 5.3(a); 
  

	1.2	The index to and the headings in this Agreement are for information only and are to be ignored in construing the same. 

 

	1.3	Capitalized terms are defined in this Agreement and such definitions shall apply to each and every use of such terms within this Agreement.

  

	1.4	Where a German term has been inserted in quotation marks or italics it alone (and not the English term to which it relates) shall be authoritative for the
purpose of the interpretation of the relevant English term in this Agreement. 

  

	1.5	Save for those Exhibits that have been included for documentation purposes only, all Exhibits to this Agreement constitute an integral part of this Agreement and
any reference to this Agreement includes this Agreement and its Exhibits as a whole. 

  
 15 

	2.	THE SHARES IN THE MOVIANTO COMPANIES 

  

	 	2.1	Seller 1 Shares 

Seller 1 holds the following shares: 
  

	 	(i)	100% of the issued shares in Healthcare Services Group PLC, Bedford, United Kingdom, a public limited company under the laws of England and Wales, provided that one
share in Healthcare Services Group PLC is held indirectly via Seller 2, hereinafter referred to as “Seller 1 Shares (1)”; Healthcare Services Group PLC in turn holds 100% of the issued shares in Movianto UK Ltd., Bedford,
United Kingdom and 100% of the issued shares in Movianto Transport Solutions Limited, Bedford, United Kingdom, and Healthcare Product Services Ltd., all limited liability companies under the laws of England and Wales. Movianto UK Ltd. in turn holds
all shares in Pharmacare Logistics Ltd., Bedford, United Kingdom, a limited liability company under the laws of the United Kingdom. 

  

	 	(ii)	100% of the issued shares in AVS Health Espana S.L., Getafe, Spain, a limited liability company under the laws of Spain, hereinafter referred to as “Seller 1
Shares (2)”; AVS Health Espana S.L. in turn holds 100% of the issued shares in Movianto Espana, S.A., Getafe, Spain, a stock company under the laws of Spain. 

 

	 	(iii)	100% of the issued shares in Movianto Ceska republika s.r.o., Pdoli u Brna, Czech Republic, a limited liability company under the laws of the Czech Republic,
hereinafter referred to as “Seller 1 Shares (3)”; Movianto Ceska republika s.r.o. in turn holds 85% in Movianto Slovensko s.r.o., Senec, Slovakia, a limited liability company under the laws of Slovakia (the remaining 15% of the
shares being held by Movianto GmbH). 

  

	 	(iv)	10% of the issued shares in Movianto Deutschland GmbH, Kist, Germany, a German limited liability company being a share in the nominal amount of EUR 10,500, hereinafter
referred to as “Seller 1 Shares (4)”. 

 The Seller 1 Shares (1) through
(4) referred to under (i) through (iv) above hereinafter the “Seller 1 Shares”. 

  
 16 

	 	2.2	Seller 2 Shares 

Seller 2 holds 100% of the issued shares in Movianto GmbH, Stuttgart, a German limited liability company
(“Seller 2 Shares (1)”) and one share in Healthcare Services Group PLC (“Seller 2 Share (2)”). 
 Movianto GmbH in turn holds the following shares: 
  

	 	(i)	100% of the issued shares in Movianto Nederland B.V., Oss, a limited liability company under the laws of the Netherlands; 

 

	 	(ii)	100% of the issued shares in Movianto Schweiz AG, Neunegg, a stock company under the laws of Switzerland; 

 

	 	(iii)	90% of the issued shares in Movianto Deutschland GmbH, Kist, a German limited liability company (the remaining 10% being held by Seller 1) being a share in the
nominal amount of EUR 94,500; 

  

	 	(iv)	15% of the issued shares in Movianto Slovensko s.r.o., Senec, Slovakia, a limited liability company under the laws of Slovakia. 

 

	 	2.3	Seller 3 Shares 

Seller 3 holds 100% of the issued shares in Celesio Manufacturer Solutions Danmark Distributors ApS (renamed Movianto Nordic
ApS), Rodovre, Denmark, a limited liability company under the laws of Denmark (“Seller 3 Shares”). 
  

	 	2.4	Seller 4 Shares 

Seller 4 holds the following shares: 
  

	 	(i)	100% of the issued shares in Movianto France S.A.S., Gonesse, France, a limited liability company under the laws of France, hereinafter referred to as “Seller 4
Shares (1)”; and 

  

	 	(ii)	100% of the issued shares in Movianto Belgium N.V., Aalst, Belgium, a stock company under the laws of Belgium, hereinafter referred to as “Seller 4 Shares
(2)”. 

 The shares referred to under (i) and (ii) above hereinafter the “Seller 4
Shares”. 

  
 17 

	 	2.5	Seller 5 Shares 

Seller 5 holds 100% of the issued shares in Movianto Portugal, S.A., Maia, Portugal, a stock company under the laws of Portugal
(“Seller 5 Shares”). 
 The Seller 1 Shares, the Seller 2 Shares, the Seller 3 Shares, the
Seller 4 Shares and the Seller 5 Shares hereinafter collectively the “Shares”. 
  

	3.	INTERCOMPANY DEBT 

 On
Closing, the Purchasers shall procure the repayment of the Intercompany Debt by or on behalf of the relevant Movianto Companies to the Sellers and/or the relevant Affiliates of the Sellers by payment of the Intercompany Debt to the Sellers’
Account or to the respective account of the relevant Seller or the relevant Affiliate of the Seller. “Intercompany Debt” means the aggregate net financial indebtedness of the Movianto Companies towards the Sellers and their
Affiliates (including any accrued interest thereon), in particular all borrowings under the existing cash pool agreement as well as all borrowings under the shareholder loan agreements set out in Exhibit 3, which shows the
Intercompany Debt of 30 June 2012 as an example, it being agreed between the Parties that a preliminary amount of the Intercompany Debt shall be repaid by the Purchasers or the relevant Movianto Companies at Closing and that the
Seller 1 shall notify the Purchasers no later than eight Business Days prior to Closing about such amount (“Preliminary Intercompany Debt”). 
 The final Intercompany Debt amount to be repaid by the Purchasers in accordance with this Section 3 shall be determined in accordance with the accounting principles set forth in Section 5.3 and
Exhibit 5.3(a) as of Closing. The amount so determined shall be the “Final Intercompany Debt”. 
 If the Final Intercompany Debt exceeds the Preliminary Intercompany Debt, the Purchasers shall pay to the Seller 1 an amount equal to such excess; if it falls short of the Preliminary Intercompany Debt,
Seller 1 shall pay an amount equal to such shortfall to the Purchasers in such proportion the Purchasers shall notify to Seller 1 in writing. The excess or short-fall determining the “Balance Amount”. 

The Balance Amount, if any, shall be paid within ten (10) Business Days after the Closing Account and Statement have become final and
binding upon the Parties in accordance with Section 5.3. The payment of the Balance Amount shall be combined with the payment of the Purchase Price Adjustment as set out in Section 5.4(c). 

Provided that prior to the Closing Date the Sellers have completed the investment of EUR 4,000,000 of share capital and share premium
into AVS Health Espana S.L. and the onward investment by AVS Health Espana S.L of EUR 4,000,000 of share capital 

  
 18 

 
and share premium into Movianto Espana S.A. as set out in the Deloitte Step Plan, the Purchasers undertake to the Sellers that they shall, within two Business Days after and excluding the Closing
Date, pay an amount of EUR 4,000,000 to the Sellers’ Account. The Parties agree that such amount shall be on account of an anticipated Balance Amount, so that in determining the amount payable under section 5.4 (c), being the combination
of Balance Amount and Purchase Price Adjustment finally calculated in accordance with clause 5.3, the Parties shall add or subtract the amount of EUR 4,000,000 paid by the Purchasers. 

 

	4.	SALE OF SHARES 

  

	 	a)	Seller 1 hereby sells (verkauft) 

  

	 	(i)	the Seller 1 Shares (1) and the Seller 1 Shares (2) to Purchaser 2 under the terms and conditions of this Agreement, and Purchaser 2
hereby purchases the Seller 1 Shares (1) and the Seller 1 Shares (2). 

  

	 	(ii)	98 % of the Seller 1 Shares (3) corresponding to the contribution to the registered share capital of Movianto Ceska republika s.r.o. in the amount of CZK
980,000 to Purchaser 2 under the terms and conditions of this Agreement, and Purchaser 2 hereby purchases 98 % of the Seller 1 Shares (3) corresponding to the contribution to the registered share capital of Movianto Ceska republika
s.r.o. in the amount of CZK 980,000. 

  

	 	(iii)	2 % of the Seller 1 Shares (3) corresponding to the contribution to the registered share capital of Movianto Ceska republika s.r.o. in the amount of CZK
20,000 to Purchaser 1 under the terms and conditions of this Agreement, and Purchaser 1 hereby purchases 2 % of the Seller 1 Shares (3) corresponding to the contribution to the registered share capital of Movianto Ceska republika
s.r.o. in the amount of CZK 20,000. 

  

	 	(iv)	The Seller 1 Shares (4) to Purchaser 1 under the terms and conditions of this Agreement, and Purchaser 1 hereby purchases the Seller 1 Shares
(4). 

  

	 	b)	Seller 2 hereby sells (verkauft) 

  

	 	(i)	the Seller 2 Shares (1) to Purchaser 1 under the terms and conditions of this Agreement. Purchaser 1 hereby purchases the Seller 2 Shares (1);
and 

  
 19 

	 	(ii)	the Seller 2 Share (2) to Purchaser 2 under the terms and conditions of this Agreement, and Purchaser 2 hereby purchases the Seller 2 Share
(2). 

  

	 	c)	Seller 3 hereby sells (verkauft) the Seller 3 Shares to Purchaser 2 under the terms and conditions of this Agreement. Purchaser 2 hereby purchases the
Seller 3 Shares. 

  

	 	d)	Seller 4 hereby sells (verkauft) 

  

	 	(i)	the Seller 4 Shares (1) to Purchaser 3 under the terms and conditions of this Agreement. Purchaser 3 hereby purchases the Seller 4 Shares (1).

  

	 	(ii)	one of the Seller 4 Shares (2) numbered 1 to Purchaser 1 under the terms and conditions of this Agreement, and Purchaser 1 hereby purchases one of
the Seller 4 Shares (2) numbered 1. 

  

	 	(iii)	the Seller 4 Shares (2) numbered 2 to 100 to Purchaser 2 under the terms and conditions of this Agreement, and Purchaser 2 hereby purchases the
Seller 4 Shares (2) numbered 2 to 100. 

  

	 	e)	Seller 5 hereby sells (verkauft) the Seller 5 Shares to Purchaser 2 under the terms and conditions of this Agreement. Purchaser 2 hereby purchases the
Seller 5 Shares. 

  

	4.1	Transfer of the Shares 

  

	4.1.1	German Share Transfers 

Seller 1 hereby, subject to (aufschiebend bedingt) the Closing Conditions and the Closing Actions set out in Section 7.2
and Section 7.3 having been fulfilled or waived as the case may be, transfers its title (tritt ab) in the share with a nominal value of EUR 10,500 in Movianto Deutschland GmbH (“Movianto Deutschland Shares”)
with effect as of the Closing Date to Purchaser 1 under the terms and conditions of this Agreement. Purchaser 1 hereby accepts the transfer of the Movianto Deutschland Shares. 

Seller 2 hereby, subject to (aufschiebend bedingt) the Closing Conditions and the Closing Actions set out in Section 7.2
and Section 7.3 having been fulfilled or waived as the case may be, transfers its title (tritt ab) in the Seller 2 Shares (1) with effect as of the Closing Date to Purchaser 1 under the terms and conditions of this
Agreement. Purchaser 1 hereby accepts the transfer of the Seller 2 Shares (1). 

  
 20 

	4.1.2	Local Transfer Agreements 

At Closing the Sellers shall transfer to the Purchasers the Shares attributed to them in Section 2 on the basis of the local transfer
agreements as set out in Section 7.3.8. 
  

	4.2	Ancillary Rights 

 The
sale and transfer of the Shares shall include all ancillary rights pertaining thereto (Nebenrechte), including the right to any dividends not yet distributed as of the Effective Date. 

 

	4.3	Effective Date 

 From
Closing, title to the Shares shall pass to the Purchasers with economic effect (wirtschaftlicher Übergang) as of the Closing Date (“Effective Date”). 

 

	4.4	Approvals 

 The board of
directors of the Purchasers’ Guarantor and the competent constitutional bodies of the Purchasers have authorized the officers of the Purchasers to enter into this Agreement to complete the Transaction as provided herein. 

The competent corporate bodies of the Sellers have granted their consent to this Agreement and the Transaction. 

 

	4.5	Employee Information and Consultation 

 The Sellers represent that they have complied, where required, with all information and consultation obligations with regard to their respective staff representative bodies before signing of this
Agreement, in accordance with the applicable laws and regulations. In particular, the works council of Movianto France SAS has been duly informed and consulted and has rendered an informed opinion (“avis”) on the project of sale of
the shares of Movianto France SAS by Admenta France SA, its parent company, to Purchaser 3. A copy of the minutes is attached for documentation purposes as Exhibit 4.5/1. 

  
 21 

 The works council of Movianto Deutschland GmbH has been informed about the Transaction with
letter dated 27 July 2012 and an amendment letter thereto dated 20 August 2012 attached for documentation purposes as Exhibit 4.5/2. 
  

	5.	PURCHASE PRICE, PAYMENTS 

  

	5.1	Purchase Price 

 The
Parties agree that the purchase price shall be the aggregate of: 
  

	 	(a)	an amount of EUR 130,000,000 (One hundred and thirty million Euros) (the “Enterprise Value”); 

 

	 	(b)	PLUS the amount of Cash; 

  

	 	(c)	LESS the amount of Debt; 

  

	 	(d)	PLUS or LESS the amount by which the Working Capital Amount exceeds / falls short of the Target Working Capital Amount; 

 

	 	(e)	LESS the amount of the Final Intercompany Debt. 

 The sum of such calculation hereinafter the “Purchase Price”. 
  

	5.2	Preliminary Purchase Price 

As of the date of this Agreement and based on the financial information provided by the Sellers to the Purchasers, the Parties have
estimated and agreed that the Enterprise Value less Debt, less the Preliminary Intercompany Debt, plus or less the amount by which the Working Capital Amount exceeds/ falls short of the Target Working Capital Amount, plus Cash shall amount to EUR
51,784,493 (fifty one million seven hundred eighty four thousand four hundred ninety three Euros) (“Preliminary Purchase Price”). 
 On the Closing Date, the Purchasers shall pay the Preliminary Purchase Price in the following two installments: 
  

	 	a)	a partial amount of the Preliminary Purchase Price of EUR 10,000,000 (ten million Euros) (“Escrow Amount”) to the Escrow Account.

  

	 	b)	the remainder of the Preliminary Purchase Price in the amount of EUR 41,784,493 to the Sellers’ Account (“Closing Installment”).

  
 22 

	5.3	Closing Accounts 

  

	 	(a)	The Purchasers’ Guarantor shall procure to prepare a draft of the Closing Accounts and the Statement in the format set out in Exhibit 5.3(a), on
the basis of the accounting policies and procedures that have been agreed between the parties for this purpose as set out in the “Celesio Group IFRS Accounting Manual Version 2012” that has been handed over to the Purchasers prior to this
notarization (a copy of which has for documentation purposes also been included in Exhibit 5.3(a)), and deliver them to Seller 1 within 15 Business Days of Closing. 

 

	 	(b)	Seller 1 shall notify the Purchasers’ Guarantor in writing within 30 Business Days of receipt of such draft Closing Accounts and the Statement whether or not
it accepts the draft Closing Accounts and Statement for the purposes of this Agreement. 

  

	 	(c)	If Seller 1 notifies the Purchasers’ Guarantor that it does not accept such draft Closing Accounts and Statement: 

 

	 	(i)	it shall, at the same time as it notifies the Purchasers’ Guarantor that it does not accept such draft Closing Accounts and Statement, set out in such notice in
writing its reasons in reasonable detail for such non-acceptance and specify the adjustments which, in its opinion, should be made to the draft Closing Accounts and the Statement in order to comply with the requirements of this Agreement; and

  

	 	(ii)	the Parties shall use all reasonable endeavours to: 

  

	 	(A)	meet and discuss the objections of Seller 1; and 

  

	 	(B)	try to reach agreement upon the adjustments (if any) required to be made to the draft Closing Accounts and the Statement; 

in each case, within 10 Business Days of Seller 1’s notice of non-acceptance pursuant to Section 5.3(c) (or such other
time as the Parties may agree in writing). 
  

	 	(d)	If Seller 1 is satisfied with the draft Closing Accounts and the Statement (either as originally submitted or after adjustments agreed between the Seller 1
and the Purchasers’ Guarantor) or if Seller 1 fails to notify the Purchasers’ Guarantor of its non-acceptance of the draft Closing Accounts and the Statement within the 30 Business Day period referred to in Section 5.3(b), then
the draft Closing Accounts and the Statement (incorporating any agreed adjustments, if any) shall constitute the Closing Accounts and the Statement for the purposes of this Agreement. 

 

	 	(e)	 If Seller 1 and the Purchasers’ Guarantor do not reach agreement within the 10 Business Day period referred to in Section 5.3 (c)(ii)
(or such other time as the Parties may agree in writing) then the matters in dispute (and only those) shall be referred, on the application of either Seller 1 or the Purchasers’ Guarantor, for determination by an independent firm of
internationally recognised 

  
 23 

	 	
auditors/chartered accountants to be agreed upon by Seller 1 and the Purchasers’ Guarantor or failing agreement, to be selected, on the application of either Seller 1 or the
Purchasers’ Guarantor, by the President of the Institute of Chartered Accountants (Institut der Wirtschaftsprüfer in Deutschland e.V.), Düsseldorf, Germany or his duly appointed deputy being in office at the point in time the
application is made (the “Firm”). The following provisions shall apply to such determination: 

  

	 	(i)	the Purchasers’ Guarantor and/or the Purchasers’ Guarantor’s accountants and Seller 1 and/or the Seller 1’s accountants shall each
promptly prepare and deliver to the Firm a written statement on the matters in dispute (together with the relevant supporting documents); 

  

	 	(ii)	the Firm shall be requested to give its decision within 15 Business Days (or by such later date as the Firm determines) of the confirmation and acknowledgment by the
Firm of its appointment hereunder; 

  

	 	(iii)	in giving such determination, the Firm shall state what adjustments (if any) are necessary to the draft Closing Accounts and the Statement in respect of the matters in
dispute in order to comply with the requirements of this Agreement and shall give its reasons therefor; 

  

	 	(iv)	the Firm shall act as an expert (and not as an arbitrator) in making any such determination which shall be final and binding on the parties (in the absence of manifest
error), it being understood that the Firm shall neither interpret this Agreement nor decide upon legal issues unless such legal issues exclusively regard generally accepted accounting principles; 

 

	 	(v)	each Party shall bear the costs and expenses of all counsel and other advisers, witnesses and employees retained by it and the costs and the expenses of the Firm shall
be borne between the Seller 1 and the Purchasers’ Guarantor in such proportions as the Firm shall in its discretion determine, taking into account the degree of success or unsuccessfulness of the respective Party pursuant to
Section 91 et seq. German Code of Civil Procedure (ZPO). 

  

	 	(vi)	When Seller 1 and the Purchasers’ Guarantor reach (or pursuant to Section 5.3(d) are deemed to have reached) agreement on the Closing Accounts and the
Statement or when the Closing Accounts and the Statement are finally determined at any stage in accordance with the procedures set out in this Section 5.3 (e) (i) - (v): 

 

	 	(A)	the Closing Accounts and the Statement as so agreed or determined shall be the Closing Accounts and the Statement for the purposes of this Agreement and shall be final
and binding on the Parties; and 

  

	 	(B)	the Working Capital Amount, the Debt, the Final Intercompany Debt and the Cash in each case, shall be as set out in the Statement. 

  
 24 

	 	(vii)	Subject to any rule of law or any regulatory body or any provision of any contract or arrangement entered into prior to the date of this Agreement to the contrary,
Seller 1 shall procure that each member of the Sellers’ Group shall, and the Purchasers’ Guarantor shall procure that each Purchaser and the Movianto Companies shall, promptly provide each other, their respective advisers, the Firm,
the Purchasers’ accountants and the Sellers’ accountants with all information (in their respective possession or control) relating to the operations of the Movianto Companies including access at all reasonable times to all the Movianto
Companies’ employees, books, records, and other relevant information and all co-operation and assistance, as may in any such case be reasonably required to: 

 

	 	(A)	enable the production of the Closing Accounts and the Statement; and 

  

	 	(B)	enable the Firm to determine the Closing Accounts and the Statement. 

  

	 	(viii)	Seller 1 and the Purchasers’ Guarantor hereby authorise each other, their respective advisers and the Firm to take copies of all information which they have
agreed to provide under this Section 5.3. 

  

	 	(ix)	Seller 1 and the Purchasers’ Guarantor shall each bear their own costs and expenses arising out of the preparation and review of the Closing Accounts and
Statement. 

  

	5.4	Purchase Price Adjustment 

  

	 	(a)	If on the basis of the Closing Accounts and the Statement the Purchase Price exceeds the Preliminary Purchase Price, the Purchasers’ Guarantor shall pay to
Seller 1 an amount equal to such excess; if it falls short of the Preliminary Purchase Price, Seller 1 shall pay to the Purchasers’ Guarantor an amount equal to such short-fall. 

 

	 	(b)	Any such amount payable in accordance with Section 5.4(a) above (hereinafter referred to as the “Purchase Price Adjustment”) shall
be paid as follows: 

  

	 	(i)	any Purchase Price Adjustment owed by the Purchasers’ Guarantor shall be paid by the Purchasers’ Guarantor to Seller 1 on behalf of the Sellers within
ten (10) Business Days after the Closing Account and Statement have become final and binding upon the Parties in accordance with Section 5.3; and 

 

	 	(ii)	any Purchase Price Adjustment owed by the Sellers shall be paid by Seller 1 to the Purchasers’ Guarantor on behalf of the Purchasers within ten
(10) Business Days after the Closing Accounts and Statement have become final and binding upon the Parties in accordance with Section 5.3. 

  

	 	(c)	The payment of the Purchase Price Adjustment pursuant to Section 5.4(b) shall have added or subtracted to it (as applicable) the Balance Amount as calculated
pursuant to Section 3. 

  
 25 

	5.5	Preliminary Purchase Price Allocation 

 Seller 1 and the Purchasers’ Guarantor agree to negotiate in good faith a Tax optimized allocation of the Preliminary Purchase Price between the Movianto Companies, including any separately
transferred assets or intellectual property rights (“Preliminary Purchase Price Allocation”). 
 If Seller 1 and
the Purchasers’ Guarantor do not reach agreement within a period of ten Business Days from the date of this Agreement on a binding Preliminary Purchase Price Allocation, then the allocation of the Preliminary Purchase Price shall be referred,
either on the joint application by Seller 1 and the Purchasers’ Guarantor or on application by either Seller 1 or the Purchasers’ Guarantor, for determination to an independent arbitrator to be mutually appointed by Seller 1 and the
Purchasers’ Guarantor or, in case such mutual agreement cannot be reached within 5 Business Days, to be appointed by binding decision of the Institut der Wirtschaftsprüfer in Deutschland e.V. The arbitrator shall be an auditing firm of
international standing. The costs and the expenses of the arbitrator shall be borne equally between the Sellers (taken together) and the Purchasers (taken together). 
 When Seller 1 and the Purchasers’ Guarantor reach an agreement on the Preliminary Purchase Price Allocation or when the Preliminary Purchase Price Allocation is finally determined at any stage in
accordance with the procedures set out in this clause the Preliminary Purchase Price Allocation as so agreed or determined shall be the Preliminary Purchase Price Allocation for the purposes of this Agreement and shall be final and binding on the
Parties and shall be the basis upon which the Sellers and the Purchasers report the sale and purchase of the Shares to each relevant Tax Authority. The Sellers and the Purchasers shall not take any position in relation to any tax audit or other
investigation conducted by a Tax Authority which is inconsistent with the Preliminary Purchase Price Allocation as agreed pursuant to this clause. 
 Subject to any rule of law or any regulatory body or any provision of any contract or arrangement entered into prior to the date of this Agreement to the contrary, each Seller shall procure that each
member of the Sellers’ group shall, and the Purchasers shall procure that each member of the Purchasers’ group and each Movianto Company shall, promptly provide each other, their respective advisers, the arbitrator and any other relevant
persons with all necessary information reasonably required to enable the production of the Preliminary Purchase Price Allocation and enable the arbitrator to determine the Preliminary Purchase Price Allocation. The Sellers and the Purchasers hereby
authorize each other, their respective advisers and the arbitrator to take copies of all information which they have agreed to provide under this clause. 

  
 26 

 Subject to the aforementioned clause, the Sellers, the Purchasers’ Guarantor and the
Purchasers shall each bear their own costs and expenses arising out of the preparation and review of the Preliminary Purchase Price Allocation. 
  

	5.6	General Rules for Payments 

  

	5.6.1	Modes of Payment 

 Any
payments under this Agreement shall be made by wire transfer in immediately available funds, value as of the relevant due date set out in this Agreement or otherwise provided by law, free of bank and/or any other charges, taxes or other deductions
and the receipt of such payment on the recipient’s bank account shall constitute discharge of the relevant obligation to pay. 
  

	5.6.2	Bank Accounts 

 Any
payments under this Agreement shall be made to the Sellers’ Account or the Purchasers’ Accounts or to such other bank accounts of which a Party has notified the other Party at least three Business Days prior to the instructions for the
respective wire transfer being given. 
  

	5.6.3	Interest 

 If the Purchase
Price or the Purchase Price Adjustment is not paid when due, default interest at the rate of 9% p.a. shall apply from the respective due date until the Purchase Price or the Purchase Price Adjustment (if applicable) has been received in full by
Seller 1 or the Purchase Price Adjustment (if applicable) has been received in full by the Purchasers’ Guarantor. 
  

	5.6.4	Set-Off and Retention 

The Purchasers shall not be entitled (i) to set off (aufrechnen) any rights and claims they may have under this Agreement, or
(ii) to refuse to perform any obligation they may have under this Agreement on the grounds that they have a right of retention (Zurückbehaltungsrecht), unless the rights or claims of the Purchasers claiming a right of set-off or
retention have been acknowledged (anerkannt) in writing by Seller 1 or have been determined by the final and non-appealable decision of the arbitral tribunal or the competent court, as the case may be, in accordance with
Section 20.5. 

  
 27 

	6.	PAYMENT INTO ESCROW ACCOUNT 

  

	6.1.1	The Purchasers shall pay the Escrow Amount into the Escrow Account as defined in the Escrow Agreement to secure claims of the Purchasers in connection with the
termination of certain customer agreements. 

  

	6.1.2	The funds in the Escrow Account shall be exclusively held on the terms of the Escrow Agreement attached in Exhibit 6.1.2, to be entered into
following execution of this Agreement. 

  

	7.	CLOSING 

  

	7.1	Closing Date 

 The closing
of the Transaction shall take place on the date which is five Business Days after the satisfaction or waiver (as applicable) of the last condition set out in Section 7.2 of this Agreement or such other date as mutually agreed by the Parties
(the “Closing Date”). 
  

	7.2	Conditions, Sellers’ Covenants and Interim Protections 

  

	7.2.1	Closing is conditional upon: 

  

	 	(a)	the Preliminary Purchase Price Allocation being finally determined in accordance with the principles set forth in Section 5.5; 

 

	 	(b)	the Demerger is completed in accordance with the demerger plan filed with the Danish Business Authority on 16 July 2012 and the Demerger has been given legal
effect and been registered with the Danish Business Authority pursuant to Sections 268 and 269 of the Danish Companies Act 

 (the conditions under (a) and (b) the “Closing Conditions”). 
  

	7.2.2	The conditions set out in Section 7.2.1 may only be waived upon written mutual agreement by the Seller 1 and the Purchasers’ Guarantor.

  

	7.2.3	Seller 1 undertakes to the Purchasers to provide the Purchasers’ Guarantor with the management accounts for the month ending 31 July 2012 of each
of the Movianto Companies as soon as they are finalized. 

  

	7.2.4	Seller 1 undertakes that until Closing all licenses which are used under the Transition Services Agreements and which are not directly licensed by a Movianto
Company as of the date of signing this Agreement shall be transferred to the respective Movianto Company if and to the extent permitted by the respective licensors or under the respective license agreements. 

  
 28 

	7.2.5	On or before Completion the Sellers shall procure that Admenta UK plc (VAT number 222 5169 87) or one of its wholly owned Affiliates shall notify HM
Revenue & Customs (copying the notice to the Purchaser 2 and the Purchasers’ Guarantor) that from the Closing Date Healthcare Services Group PLC, Movianto UK Ltd, Movianto Transport Solutions Limited, Healthcare Product Services
Ltd and Pharmacare Logistics Ltd (the “UK VAT Companies”) will no longer qualify to be treated as a member of VAT group registration by or with Admenta UK plc and/or any member of Seller 1’s group to which it belonged
prior to Completion (the “Seller’s VAT Group”). Immediately upon notification by HMRC Admenta UK plc or one of its wholly owned Affiliates shall inform the Purchaser 2 and the Purchasers’
Guarantor of the date (the “Cancelation Date”) from which the UK VAT Companies shall be removed from the Seller’s VAT Group. The Sellers shall procure that Admenta UK plc shall use its reasonable endeavors to
procure that the Cancelation Date is the date of Closing. 

  

	7.2.6	To the extent not already finalised and agreed prior to the execution of this Agreement, the parties shall agree and finalise (i) the Term Sheets to the
Transition Services Agreements which form an integral part of the Transition Services Agreements and (ii) the Transition Services Agreements, in each case by Closing. The Term Sheets shall be negotiated and agreed in a fashion such that the
services provided under the Transition Services Agreements shall be provided at service levels which shall not be less than past service levels, for such time periods after Closing sufficient to enable replacement of the services with stand-alone
services by Movianto Companies or a third party, and at costs which shall be consistent with the past level of costs prior to Closing. Any incremental costs related to the setup of the services at the same level as in the past due to the Transaction
which are greater than past costs shall be borne by the Sellers (such as costs for transfer or procurement of software licenses, etc.), and any breakage costs or other incidental costs shall be borne by the Sellers (such as termination fees and
costs, break-up fees, and the “Evolve IT Transition and Transformation Fees”), and Sellers shall not be reimbursed for depreciation and amortization on past investments, and no costs will extend past the transition periods as agreed in the
Transition Services Agreements. 

  

	7.2.7	From the period between signing of this Agreement and Closing, each of the Sellers undertakes to the Purchasers to conduct the business of the Movianto Companies
(including the business which is the subject of the Demerger) in all material respects in the ordinary course of business in a manner consistent with past practice and as a going concern and that none of the Movianto Companies shall take any of the
actions set out in Exhibit 7.2.7 without the prior written consent of the Purchasers, it being understood that no further consent from the Purchasers will be required for any actions set out in the Deloitte Step Plan.

  
 29 

	7.2.8	With respect to certain information technology services, these shall be provided by Seller 1 and certain of its Affiliates to the Movianto Companies and by
certain Movianto Companies to certain Affiliates of Seller 1 on the basis of the information technology transition service agreement dated 31 August 2012 that has been entered into by the parties thereto prior to the execution of this Agreement
(the “IT Transition Service Agreement”), a copy of the IT Transition Service Agreement is attached for documentation purposes as Exhibit 7.3.3/2. 

 

	7.3	Actions on Closing 

 On
the Closing Date, the Parties shall meet and undertake, or cause to be undertaken, the following actions (“Closing Actions”), which shall be undertaken in the order set forth below and which shall be deemed to have
been undertaken simultaneously (Zug um Zug), and thereby execute the transactions contemplated by this Agreement (“Closing”): 
  

	7.3.1	The Sellers shall deliver or procure the delivery of the duly signed resignation letters of the directors with the contents corresponding to the English language
draft and the English language translations contained in Exhibit 7.3.1. Exhibit 7.3.1 also contains the original Portuguese language drafts of two of these resignation letters; these have been included for documentation purposes
only. 

  

	7.3.2	Execution of the transfer and assignment agreement regarding the transfer of the trademarks and the domain names to the Purchaser 1 and execution of the IP
license agreement both as set out in Exhibit 7.3.2. 

  

	7.3.3	Execution of the transition services agreements regarding certain services (other than under the IT Transition Service Agreement) of Seller 1 and its Affiliates
to the Movianto Companies and of certain Movianto Companies to certain Affiliates of Seller 1 (each of which a Framework Agreement for the Supply of Certain Services), as set out in Exhibit 7.3.3/1 for the agreed time periods
after Closing (such Framework Agreements for the Supply of Certain Services together with the IT Transition Service Agreement, the “Transition Services Agreements”). 

 

	7.3.4	Delivery of evidence by the Sellers that the domination and profit and loss pooling agreement between Seller 2 and Movianto GmbH dated 5 May 2006 has been
terminated with effect as of the Closing Date for cause (aus wichtigem Grund) by Seller 2. 

  

	7.3.5	Payment of the Closing Installment by the Purchasers to the Sellers as defined in and in accordance with Section 5.2. 

 

	7.3.6	Payment of the Escrow Amount into the Escrow Account as defined in and in accordance with Section 5.2. 

  
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	7.3.7	The Purchasers shall procure the repayment of the Preliminary Intercompany Debt by or on behalf of the relevant Movianto Company to the Sellers and/or the
relevant Affiliates to the Sellers’ Account or to the respective account of the relevant Seller or the relevant Affiliate of the Seller in accordance with Section 3. 

 

	7.3.8	The Purchasers and the Sellers shall execute the local transfer deeds on the transfer of the Shares by the Sellers to the Purchasers in the form of the English
language versions thereof attached hereto as Exhibit 7.3.8, it being understood that the shares in Movianto Ceska republika s.r.o. shall be transferred in one portion of 98% to Purchaser 2 and 2% to Purchaser 1 to ensure
compliance with the Czech “anti-chaining” provisions. The Parties hereby agree that these transfer deeds shall be concluded solely for the purpose of effectuation of the transfer of the Shares hereunder and their registration in the
competent registers, according to the laws of incorporation of the Movianto Companies, and that this Agreement shall govern the relationship between the Parties and prevail over any of the terms and conditions set out in the transfer deeds. For the
avoidance of doubt, neither the Sellers nor the Purchasers shall be obliged to execute any of the local transfer deeds unless the Parties are in a position to simultaneously execute all local transfer deeds. 

 

	7.3.9	The Sellers shall deliver a duly executed copy of the side letter in the form agreed between the Parties at signing of this Agreement between Tjellesen Max Jenne
A/S and Celesio Manufacturer Solutions Danmark Distributors ApS (renamed Movianto Nordic ApS) relating to the Demerger as attached hereto in Exhibit 7.3.9. 

 

	7.4	Closing Memorandum 

 On
the Closing Date, the Parties shall confirm to each other, in writing, the effectiveness of the transfer of the Shares and the point in time at which the transfer takes effect by signing a closing memorandum substantially in the form attached hereto
as Exhibit 7.4 (“Closing Memorandum”). The Closing Memorandum shall not have any constitutive effect (konstitutive Wirkung) with respect to the occurrence of any Closing Condition or Closing Action, but
shall only have declaratory effect for evidentiary purposes. Seller 1 and Purchasers’ Guarantor shall each inform the notary once Closing has taken place and provide a copy of the executed Closing Memorandum to the notary via PDF file; the
notary shall then submit updated lists of shareholders of Movianto GmbH and Movianto Deutschland GmbH to the commercial register. 
  

	7.5	Rescission 

 If the
Closing has not taken place within nine (9) months after the date of signing of this Agreement, each of the Sellers and the Purchasers shall be entitled to rescind from this Agreement by written notice to the respective other Party (hereinafter
“Long-Stop-Date”). 

  
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 The rescission right according to this Section 7.5 may, however, not be invoked if and
to the extent the relevant Party intending to rescind has frustrated (treuwidrig vereitelt) the occurrence of the Closing. 
 In case of a rescission pursuant to this Section 7.5, this Agreement shall be fully terminated except for Sections 18.2 and 20 which shall remain binding upon the Parties. 

 

	8.	SELLERS’ GUARANTEES 

  

	8.1	Sellers’ Guarantees 

Seller 1 hereby guarantees to the Purchasers, in its own name and on its own behalf but also with respect to the other Sellers,
subject to any limitations contained in this Agreement, including the remedies set out in Section 9 and the limitations set out in Section 10, in particular the Time Limitations, the De Minimis Amount, the Deductible and the Liability Cap,
by way of an independent guarantee (selbständiges Garantieversprechen) irrespective of any fault (negligence) pursuant to Sec. 311 (1) German Civil Code (BGB), that the statements set forth under this Section 8.1
(“Sellers’ Guarantees”) are correct as of 23 July 2012 and as of Closing, it being understood that any actions taken in connection with the recapitalization of the Movianto Companies under the Deloitte Step
Plan shall not constitute a breach of Sellers’ Guarantees. 
  

	8.1.1	Authorization of the Sellers 

  

	 	a)	The Sellers have the full corporate power and authority to enter into this Agreement and to carry out the Transaction contemplated hereby and such Transaction has been
duly authorized by all necessary corporate actions on the part of the Sellers. 

  

	 	b)	No insolvency or similar proceedings have been, or have been threatened to be, opened regarding the Sellers’ assets, and there are no circumstances which would
require or justify the opening of such proceedings. In particular, the Sellers have not become otherwise insolvent (zahlungsunfähig) or over-indebted (überschuldet). 

  
 32 

	 	c)	The execution or completion of this Agreement or the share transfers contemplated hereunder do not violate the articles of association or other corporate documents or
any other legal obligation of the Sellers. 

  

	 	d)	There is no action, suit, investigation or other proceedings pending or threatened against or affecting any of the Sellers or, to the Sellers’ Knowledge, any of
the Movianto Companies which in any manner challenges or seeks to prevent, enjoin or materially delay the execution or completion of this Agreement, and there are no circumstances likely to give rise to any of this. 

 

	8.1.2	Ownership of the Shares 

  

	 	a)	The Sellers have valid legal title to the Shares as set out in Section 2 with respect to each Seller. 

 

	 	b)	The Shares are duly authorized, validly issued and fully paid. They are non-assessable (i.e. there is no shareholder obligation to make an additional capital
contribution). No repayment of capital contributions (Rückgewähr von Einlagen) has been effected. 

  

	 	c)	The Shares are not pledged or otherwise encumbered with rights of third parties. No third parties are entitled to exercise pre-emptive rights, rights of first refusal,
options or other rights to purchase or acquire the Shares. 

  

	8.1.3	Corporate Organization 

  

	 	a)	The statements set forth in Section 2 are correct. 

  

	 	b)	The Movianto Companies are duly organized and validly existing under the laws of their respective jurisdiction. 

 

	 	c)	Complete and correct copies of the articles of association, as presently in effect, and relevant excerpts of the respective commercial registers of the Movianto
Companies have been made available to the Purchasers prior to signing of this Agreement. 

  

	 	d)	Other than disclosed in Exhibit 8.1.3 there are no enterprise contracts (Unternehmensverträge) within the meaning of section 291 et seq.
German Stock Corporation Act (Aktiengesetz) by which the Movianto Companies are bound. 

  
 33 

	8.1.4	No insolvency proceedings 

No insolvency proceedings concerning the assets of the Movianto Companies have been initiated or rejected because of a lack of assets or
have been, or have been threatened to be, opened regarding the Movianto Companies’ assets, and there are no circumstances which would require or justify the opening of such proceedings. In particular, none of the Movianto Companies have become
otherwise insolvent (zahlungsunfähig) or over-indebted (überschuldet); provided, however, that Purchasers are aware and acknowledge that as of Closing, the Collateral as defined in Section 15.2.1 granted to or for the
benefit of the Movianto Companies will terminate in accordance with Section 15.2 and that as of Closing, the Purchasers alone shall be responsible for avoiding or removing any insolvency situations in relation to the Movianto Companies.

  

	8.1.5	Annual Financial Statements 

 The annual financial statements of the Movianto Companies for the financial year ending on 31 December 2011 have been prepared in compliance with the applicable statutory provisions of local GAAP
(“Annual Financial Statements”). The Annual Financial Statements have been prepared on the basis of the Celesio Accounting Manual and show, in all respects, a true and fair view of the financial position and result of the operations
of the Movianto Companies as of and with respect to the financial year ending on 31 December 2011 based on the facts known on the date of the auditor’s signature. No circumstances existed on 31 December 2011 which render any item in
the Annual Financial Statements incorrect or incomplete. 
 To the Sellers’ Knowledge, the (i) monthly management
accounts for each calendar month from and including January 2012 to and including 30 June 2012 of each of the Movianto Companies and (ii) special purpose financial statements relating to the Business for the period between 1 January
2011 and 31 December 2011, all as set forth in Exhibit 8.1.5, have each been prepared with due care and attention, show with reasonable accuracy the state of affairs and profit and loss of each of the Movianto Companies or the
Business (as relevant) for the period in respect of which they have been prepared. 
  

	8.1.6	Employment Matters and Pensions 

  

	 	a)	Exhibit 8.1.6a) contains a complete and correct list of (i) all managing directors and (ii) all employees of the Movianto Companies whose
gross remuneration exceeds EUR 100,000 per year (“Key Employees”). No Key Employee has given written notice of termination of his or her employment as per the signing of this Agreement. Neither the execution nor completion of
this Agreement trigger any rights to any party to a contract of any Key Employee. 

  
 34 

	 	b)	Exhibit 8.1.6b) contains a list of all collective bargaining agreements and a list of all material works agreements (Betriebsvereinbarungen)
to which the Movianto Companies are bound. 

  

	 	c)	There is no strike, work stoppage (Arbeitsniederlegung) or slowdown strike (Bummelstreik) with regard to the Movianto Companies and, to the Sellers’
Knowledge, no such measure is threatened against any Movianto Company. 

  

	 	d)	Exhibit 8.1.6d) sets out a complete and correct list of all existing pension schemes, agreements or other commitments, whether of an individual or
collective nature, relating to pensions (betriebliche Altersversorgung) or other benefit payable to current or former employees and Key Employees or their spouses or dependants in the event of retirement, death or disability, other than
statutory pension schemes, (“Pension Commitments”) to which any of the Movianto Companies is bound. The Pension Commitments of Movianto France SAS, Movianto GmbH and Movianto Deutschland GmbH have been evaluated in the last
actuarial reports as of the date of the Annual Financial Statements which are known to the Purchasers. In the past all pensions provided by the Movianto Companies have been adjusted regularly as required under section 16 of the Germany Company
Pension Act (BetrAVG) or any similar provision under any other applicable jurisdiction or contractual provision. None of the Movianto Companies is a sponsoring employer (Trägerunternehmen) or otherwise committed to provide funding
to any external pension funds (Unterstützungskasse, Pensionskasse oder Pensionsfonds) or trust or other legal structure which funds any Pension Commitments. 

 

	8.1.7	Intellectual Property Rights 

  

	 	a)	Exhibit 8.1.7a) contains a complete and correct list of all registered and unregistered Intellectual Property Rights (including applications for
registration but excluding application software) owned or licensed by the Movianto Companies. 

  

	 	b)	None of the Intellectual Property Rights materially infringes any third party right. Except as disclosed in Exhibit 8.1.7b), none of the Intellectual
Property Rights is being contested in court or before an administrative agency. 

  

	 	c)	The Movianto Companies have properly maintained the Intellectual Property Rights listed in Exhibit 8.1.7a), and, in particular, have applied in a
timely manner for renewals and paid when due all registration fees. 

  
 35 

	8.1.8	Information Technology 

Each of the Movianto Companies either owns or holds valid leases and/or licenses, either directly or through Seller 1, to all
computer hardware, software, networks and other information technology (collectively “Information Technology”) which is currently used by or necessary for such Movianto Company to conduct its business as currently conducted, except
as provided differently in the IT Transition Service Agreement as set out in Exhibit 7.3.3/2. To Sellers’ Knowledge there are no defects in the Information Technology owned or used by such Movianto Company which have or are
likely to have an impact which is material to the business of the Movianto Companies. 
  

	8.1.9	Material Agreements 

Exhibit 8.1.9 contains a list of written agreements to which any of the Movianto Companies is a party and whose primary
obligations (Hauptleistungspflichten) have not yet been completely fulfilled (“Material Agreements”): 
  

	 	a)	agreements relating to the acquisition or sale of interests in other companies, partnerships or businesses; 

 

	 	b)	loan agreements, bonds or any other instrument of debt entered into or issued by any of the Movianto Companies other than the Intercompany Debt;

  

	 	c)	agreements relating to capital expenditures involving an amount of EUR 150,000 during the current financial year; 

 

	 	d)	agreements with customers or suppliers (warehouses and vehicle leases) for any goods and services resulting in a turnover of EUR 150,000 or more;

  

	 	e)	consultancy agreements providing for an annual remuneration exceeding EUR 150,000 and contracts of employment of all Key Employees; 

 

	 	f)	sureties (Bürgschaften), guarantees (Garantien) or similar obligations to secure liabilities of any third party involving, individually an amount of
EUR 150,000 or more; 

  

	 	g)	joint venture agreements, strategic alliances or other forms of co-operation relating to the Business of the Movianto Companies; 

 

	 	h)	agreements outside the ordinary course of business (außerhalb des gewöhnlichen Geschäftsverkehrs) or not at arm’s length; and

  
 36 

	 	i)	except as covered under a) through g) above: 

  

	 	(i)	agreements which in each case have a value exceeding EUR 150,000; 

  

	 	(ii)	agreements with any of the Sellers or the Sellers’ Affiliates which in each case have a value exceeding EUR 10,000. 

Unless otherwise disclosed in Exhibit 8.1.9, (i) no written notice of termination has been given with respect to
any Material Agreement and (ii) neither the Movianto Companies nor any third party to any Material Agreement are in material default or material breach under any Material Agreement. 

 

	8.1.10	Real Property and Environment 

  

	 	a)	Exhibit 8.1.10a) contains for each of the Movianto Companies a correct and complete list of all real property (i) owned or co-owned by such Movianto
Company, or (ii) subject to an inheritable building right (Erbbaurecht), in-rem lease (Dauernutzungsrecht) or similar right in favour of such Movianto Company, and correctly states for each such piece of real property the
location, applicable land register or other identification data, type of legal title, co-owner, if any, and encumbrances. 

  

	 	b)	Except as disclosed in Exhibit 8.1.10a), each of the Movianto Companies is the sole unrestricted legal and beneficial owner of the real property and no
piece of real property listed in Exhibit 8.1.10a) is (i) encumbered with any land charges or mortgages (Grundpfandrechte), planning obligations, covenants, options or other encumbrances (Belastungen),
(ii) subject to any non-registered or otherwise pending transfer (Auflassung) or other disposition (Verfügung) or any sale, contribution or other contractual arrangement creating an obligation to transfer any real property or
to create, change or abolish any encumbrances, or (iii) subject to any claims for restitution under the German Property Act (VermögensG) or any similar provisions under any other jurisdiction. 

 

	 	c)	The Movianto Companies have paid when due all real property taxes (Grundsteuern), development charges (Erschließungsbeiträge) and other public
charges payable with respect to the real property listed in Exhibit 8.1.10a). 

  

	 	d)	Exhibit 8.1.10d) contains for each of the Movianto Companies a correct and complete list of all real property leased by such Movianto Company from any
third party, and correctly states for each such piece of real property the location, size and use, the landlord and the date of the lease agreement and amendments, if any. 

  
 37 

	 	e)	To the Sellers’ Knowledge, there are no circumstances which would adversely restrict the continued possession or use of the real property, buildings or other
fixtures. 

  

	 	f)	To the Sellers’ Knowledge, the condition and use of the real property does not infringe laws or the rights of any third party. 

 

	 	g)	The real property and the buildings and other fixtures thereupon have been properly serviced and maintained, are in good order and repair, normal wear and tear
corresponding to their useful life excepted, are fit for the intended use and are in a condition adequate to conduct the business of the respective Movianto Company as currently conducted. There is no backlog of service or maintenance and, except as
disclosed in Exhibit 8.1.10g), no material expenditure in excess of EUR 100,000 will be required with respect to such real property, buildings or other fixtures within the next three years. 

 

	8.1.11	Conduct of Business 

Except as disclosed in Exhibit 8.1.11, the Movianto Companies have conducted their business operations in all material
respects in the ordinary course of business in a manner consistent with past practice and as a going concern during the period from 31 December 2011 until the Closing Date. None of the Movianto Companies: 

 

	 	a)	paid or declared any dividend or provided any other benefits to any Seller or Sellers’ Affiliates; 

 

	 	b)	changed its accounting, including valuation and consolidation, policies or procedures; 

 

	 	c)	delayed or otherwise deferred payments to its suppliers for goods or services purchased beyond the terms agreed (orally or in writing) with the relevant supplier or
service provider; 

  

	 	d)	invested in, or granted a loan to any other company or entity, other than any of the Movianto Companies; 

 

	 	e)	waived or otherwise abolished any right or claim with a value in excess of EUR 100,000; and 

 

	 	f)	delayed or otherwise deferred any capital expenditures in deviation of the capex plan of the Movianto Companies set out in
Exhibit 8.1.11f). 

  
 38 

	8.1.12	Assets 

 Except as
disclosed in Exhibit 8.1.12 and as otherwise evidenced in the Transition Services Agreements by virtue of any of the Sellers or their Affiliates providing transitional access to such assets, each of the Movianto Companies owns the
tangible and intangible fixed assets necessary for the operation of its business as currently conducted. 
  

	8.1.13	Permits, Compliance 

  

	 	a)	Except as disclosed in Exhibit 8.1.13a), (i) each of the Movianto Companies holds all permits, licences and other public law approvals
(öffentlich-rechtliche Erlaubnisse) which are necessary to conduct the Business as currently conducted (the “Permits”) and such Permits are in full force and effect (bestandskräftig), (ii) to the
Sellers’ Knowledge the Permits are not challenged (angefochten) by any third party, and there are no circumstances which would justify such a challenge, and (iii) to the Sellers’ Knowledge no proceedings regarding a revocation
(Widerruf) or withdrawal (Rücknahme) of any Permit have been initiated or threatened, and there are no circumstances, including the execution or completion of this Agreement, which would justify the initiation of such proceedings.

  

	 	b)	Except as disclosed in Exhibit 8.1.13b), each of the Movianto Companies is and has been materially in compliance with (i) the Permits, including any
ancillary provisions (Nebenbestimmungen) thereto, (ii) all applicable laws and regulations of any jurisdiction in relation to the Permits, and (iii) all, orders, decrees, or rulings of, or restrictions imposed by, any judicial,
governmental or regulatory body or agency in all relevant jurisdictions with respect to the Permits. No non-compliance with the Permits, with applicable laws and regulations or with any administrative order has been alleged in writing and to the
Sellers’ Knowledge there are no circumstances which would justify such allegations. 

  

	 	c)	Except as disclosed in Exhibit 8.1.13c), none of the Movianto Companies is subject to any administrative or criminal investigation, including related to
antitrust, environment as well as health and safety, by any governmental authority, including any national competition authority and the European Commission, no such investigation has been threatened in writing and to the Sellers’ Knowledge
there are no circumstances which would justify the initiation of such an investigation. 

  

	 	d)	Except as set forth in Exhibit 8.1.13d) none of the Movianto Companies has received, applied for or used any public grants (Zuschüsse),
allowances, aids or other subsidies (Subventionen) in whatever form. 

  
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	 	e)	The Movianto Companies are, and have been, in compliance in all material respects with each legal requirement that is or was applicable to them or to the conduct or
operation of their respective businesses or the ownership or use of any of their assets. No event has occurred or circumstance exists that (with or without notice or lapse of time) may constitute or result in a material violation by the Movianto
Companies of, or a failure on the part of a Movianto Company to comply with any legal requirement. Notwithstanding the generality of the above, none of the Movianto Companies has, and none of the Sellers on behalf of the Movianto Companies has
directly or indirectly given, promised, offered or authorised or accepted, requested, received or agreed to receive any payment, gift, reward, rebate, contribution, commission, incentive, inducement or advantage to or from any person, in
contravention of the United Kingdom Bribery Act 2010 or the anti-bribery and corruption laws of any jurisdiction to which any of the Sellers or the Movianto Companies are subject and in each case any related rules, regulations and guidance. The
Movianto Companies have instituted, maintained and monitored policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance with all applicable anti-bribery and corruption laws.

  

	8.1.14	Insurance 

  

	 	a)	Exhibit 8.1.14a) contains for each of the Movianto Companies a correct and complete list of all insurance policies. The Movianto Companies have duly paid
all premiums when due and are in full compliance with all material obligations (Verpflichtungen und Obliegenheiten) under the insurance policies. 

  

	 	b)	Except as disclosed in Exhibit 8.1.14b), there are no claims pending under any insurance policy and to Sellers’ Knowledge there are no facts
which could give rise to any such claims. 

  

	8.1.15	Litigation 

 Except as
disclosed in Exhibit 8.1.15, no lawsuit or other proceeding is pending against the Movianto Companies before any state court, arbitrator or governmental authority involving an amount in excess of EUR 250,000 or more (excluding
costs and fees) in an individual case, and, to the best of the Sellers’ Knowledge, no such lawsuit or proceeding has been threatened against either of the Movianto Companies in writing. 

  
 40 

	8.1.16	Finder’s fees 

 The
Movianto Companies have no obligation or liability to pay any fees or commissions to any broker, finder or other party in connection with the Transaction. 
  

	8.1.17	Sellers’ Knowledge 

The term “Sellers’ Knowledge” shall mean the actual knowledge about facts and circumstances causing a breach of a
Sellers’ Guarantee of the persons listed in Exhibit 8.1.17. 
  

	8.2	No other Guarantees 

 The
Purchasers agree to purchase and accept the Business in the condition it is in on the Closing Date based upon their own inspection, examination and determination with respect thereto as to all matters and without reliance upon any express or implied
guarantees, representations or warranties of any nature made by or on behalf of or imputed to the Sellers, except only for the Sellers’ Guarantees expressly set forth in Section 8.1 which are exclusively given by Seller 1, also on
behalf of Seller 2, Seller 3, Seller 4 and Seller 5, the Sellers do not give or assume any guarantees and none of the Sellers’ Guarantees shall be construed as a guarantee or representation with respect to the quality of the
purchase object (Garantie für die Beschaffenheit der Sache) within the meaning of Secs. 276 para 1 and 443 German Civil Code (BGB) and therefore, the Purchasers explicitly waive the application of Sec. 444 2nd
alternative German Civil Code (BGB). Without limiting the generality of the foregoing, the Purchasers acknowledge that the Sellers make no guarantees, representations or warranties with respect to (i) any projections, estimates or
budgets delivered or made available to the Purchasers of future revenues, future results of operations (or any component thereof), future cash flows or future financial conditions (or any component thereof) or the future business and operations of
the Movianto Companies and (ii) any other information or documents made available to the Purchasers or their counsel, accountants or other advisors with respect to the Movianto Companies, except as expressly set forth in Section 8.1.

  

	9.	REMEDIES 

  

	9.1	Remedies 

 In the event of
a breach of any of the Sellers’ Guarantees pursuant to Section 8.1, Seller 1 shall put the Purchasers or at the Purchasers’ election the Movianto Companies, into the same position it/they would have been in if the Sellers’
Guarantee had not been breached (Naturalrestitution) or, if this should not be possible within a 

  
 41 

 
period of 90 days from the receipt of the Purchasers’ claim notice pursuant to Section 9.3, pay damages for non-performance (Schadenersatz statt der Leistung). For purposes of
determining the liability of Seller 1, only the actual losses incurred by the Purchasers or the Movianto Companies shall be taken into account. The Sellers shall in no event be liable for lost profits (entgangener Gewinn) or any internal
costs and expenses incurred by the Purchasers or the Movianto Companies. With respect to indirect damages (mittelbare Schäden) and consequential damages (Folgeschäden) Seller 1 shall only be liable if this is a typical
damage of the guarantee in question. The Parties agree that this is the case with respect to the Sellers’ Guarantees set forth in Sections 8.1 through 8.5 and 8.1.13. 

 

	9.2	No Double Claims 

 The
Purchasers and its Affiliates (including the Movianto Companies after Closing) shall not be entitled to recover from the Sellers more than once in respect of the same loss, in particular where the same set of facts or circumstances may entitle the
Purchasers to more than one claim or remedy under or in connection with the Agreement. 
  

	9.3	Purchasers’ Claim Procedure 

 In the event of any breach of the Sellers’ Guarantees, the Purchasers’ Guarantor shall give the Seller 1 written notice of such breach, within 90 days after the Purchasers’ Guarantor
obtained knowledge stating in such notice in detail the nature thereof and the amount involved, to the extent such amount has already been determined at the time when such notice is given. Failure to timely notify Seller 1 shall reduce the
Purchasers’ claim for breach of the Sellers’ Guarantees only to the extent that the Seller 1 could have reasonably mitigated any damages in case of timely notification. Without prejudice to the validity of the Purchasers’ claim
or alleged claim in question, the Purchasers shall allow Seller 1 and its accountants and professional advisors to investigate the matter or circumstance alleged to give rise to such Purchasers’ claim and to reasonably request information
and assistance, including access to documents and files of the Movianto Companies as Seller 1 or its accountants or other professional advisors may reasonably request. 

 

	9.4	Limitation of the Sellers’ Liability 

 The Sellers shall not be liable for, and the Purchasers shall not be entitled to bring any claim under or in connection with Section 8, if and to the extent that: 

 

	9.4.1	The matter to which the claim relates has been expressly taken into account in the Annual Financial Statements by way of a provision (Rückstellung),
depreciation (Abschreibung), exceptional depreciation (außerplanmäßige Abschreibung), depreciation to reflect lower market values (Abschreibung auf den niedrigeren beizulegenden Wert) or otherwise.

  
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	9.4.2	The amount of the claim is recovered from a third party or under an insurance policy in force on the Closing Date. 

 

	9.4.3	The Purchasers have caused or partially caused (verursacht oder mitverursacht) such claim or failed to mitigate damages (Sec. 254 German Civil Code
(BGB)). 

  

	9.4.4	The Purchasers have violated their guarantee pursuant to Section 12.3 (Purchasers’ Knowledge). 

 

	9.4.5	The claim results from or is increased by the passing of, or any change in any law, statute, ordinance, rule, regulation, or administrative practice of any
government, governmental department, agency or regulatory body, including, without prejudice to the generality of the foregoing, any increase in the rates of any taxes or any imposition of any taxes or any withdrawal or relief from any taxes not
actually in effect at the Closing Date. 

 When calculating the amount of the liability of the Sellers under this
Agreement, all advantages in connection with the relevant matter shall be taken into account (Vorteilsausgleich) and the Sellers shall not be liable under this Agreement in any respect of any claim for any losses suffered by the Purchasers to
the extent of any corresponding savings by or benefit to the Purchasers or any Affiliate of the Purchasers arising therefrom. 
  

	9.4.6	No limitations expressed in Section 8 nor in this Section 9.4 shall apply to any claims pursuant to Sections 11 and 14. 

 

	9.5	Third Party Claim Procedure 

 If the Purchasers are sued or threatened to be sued by a third party, including any governmental agencies, or if the Purchasers are subjected to any audit or examination by any tax authority
(“Third Party Claim”), which may reasonably give rise to a claim by the Purchasers, the Purchasers’ Guarantor shall give Seller 1 without undue delay (unverzüglich) written notice of such Third Party Claim. The
Purchasers shall ensure that Seller 1 shall be provided with all material information and assistance relevant in relation to the Third Party Claim and be given reasonable opportunity to comment or discuss with the Purchasers and the
Purchasers’ Guarantor any measures which the Purchasers and the Purchasers’ Guarantor propose to take or to omit in connection with a Third Party Claim. In particular, the Sellers shall be given the opportunity to comment on, participate
in, and review any reports, all relevant tax and social security audits or other measures and receive without undue delay copies of all relevant orders (Bescheide) e.g. of any authority. Seller 1 agrees to use all such

  
 43 

 
information confidentially only for such purpose. No admission of liability shall be made by or on behalf of the Purchasers and the Third Party Claim shall not be compromised, disposed of or
settled without the prior written consent of Seller 1 not to be unreasonably withheld. If the Purchasers and the Purchasers’ Guarantor decide not to take any action against the Third Party Claim, Seller 1 shall be entitled with the
consent of the Purchasers’ Guarantor, such consent not to be unreasonably withheld, to take such action as it deems necessary to avoid, dispute, deny, defend, resist, appeal, compromise or contest such Third Party Claim (including making
counter claims or other claims against third parties) in the name of and on behalf of the Purchasers and the Purchasers will give all such information and assistance, as described above, including access to files and documents and records for the
purpose of avoiding, disputing, denying, defending, resisting, appealing, compromising or contesting any such claim or liability as the Seller 1 or its professional advisers may reasonably request. Seller 1 agrees to use all such
information confidentially only for such purpose. To the extent Seller 1 is in breach of the Sellers’ Guarantee, all reasonable costs and expenses reasonably incurred by the Purchasers in defending such Third Party Claim shall be borne by
Seller 1. To the extent Seller 1 is not in breach, any costs and expenses reasonably incurred by the Sellers in connection with the defense shall be borne by the Purchasers. 

 

	10.	LIMITATION OF CLAIMS 

  

	10.1	Time Limitations 

 All
claims of the Purchasers under the Sellers’ Guarantees shall be statute barred twenty four (24) months after the signing of this Agreement, except for such claims related to the Sellers’ ownership of the Shares pursuant to
Section 8.1.2 which shall be statute barred five (5) years after the signing of this Agreement (“Time Limitations”). All claims of the Purchasers under the Indemnities provided by the Sellers under Section 14 shall be
statute barred twelve years after signing of this Agreement. 
  

	10.2	Exclusion of Statutory Limitation Rules 

 Any Time Limitations shall only (i) restart (erneut beginnen) in the event of a written acknowledgment (Anerkenntnis) of the matter in dispute by Seller 1 or (ii) be repressed
(gehemmt) in the event of negotiation between the Parties if so agreed between the Parties in writing or (iii) in the event of a filing of the claim with the competent court within the relevant Time Limitations. 

  
 44 

	10.3	De Minimis Amount/Deductible 

 Seller 1 shall only be liable under or in connection with the Sellers’ Guarantees, if the amount recoverable under the Sellers’ Guarantees with respect to the individual claim made exceeds
EUR 100,000 (“De Minimis Amount”), and if and to the extent the aggregate amounts recoverable under this Agreement exceed a threshold of EUR 2,000,000 (“Deductible”). 

 

	10.4	Liability Cap 

 Any
liability of the Seller 1 under the Sellers’ Guarantees shall be limited to EUR 32,500,000, except if related to a breach of the Sellers’ Guarantee pursuant to Section 8.1.2 for which liability shall be limited to
EUR 130,000,000, and (ii) in the case of claims based on the Sellers’ fraud (Arglist) or willful misconduct (Vorsatz) (“Liability Cap”). 

 

	10.5	Exclusion of Statutory Rights 

 The Parties agree that the remedies which the Purchasers may have against the Sellers for breach of Sellers’ Guarantees or the Sellers’ covenants set forth in this Agreement are solely governed
by this Agreement, and the remedies provided for in this Agreement shall be the exclusive remedies available to the Purchasers. Apart from the right of the Parties under Section 9, (i) any right of the Parties to withdraw
(zurücktreten) from this Agreement or to require the winding up of the transactions contemplated under this Agreement (e.g. by way of großer Schadensersatz or Schadenersatz statt der Leistung), (ii) any claims
for breach of pre-contractual obligations (including claims arising under Secs. 241 para 2, 311 para 2 and para 3 German Civil Code (BGB)) or ancillary obligations (including claims arising under Secs. 280, 282 German
Civil Code (BGB)), (iii) frustration of contract (Störung der Geschäftsgrundlage) pursuant to Sec. 313 German Civil Code (BGB), (iv) all remedies of the Purchasers for defects of the Shares under
Secs. 437 through 441 German Civil Code (BGB) and (v) any and all other statutory rights and remedies, if any, are hereby expressly excluded and waived by the Parties, except for claims for willful deceit (arglistige
Täuschung) and other intentional breaches of contract (vorsätzliche Vertragsverletzungen). 
  

	10.6	Tax limitations 

 For the
avoidance of doubt, any limitations on liability expressed in this Section 10 shall not apply to any claims made in respect of matters contained in Section 11. 

  
 45 

	10.7	Indemnities limitations 

For the avoidance of doubt, any limitations on liability expressed in this Section 10 shall not apply to any claims made in respect
of matters contained in Section 14. 
  

	11.	TAX 

  

	11.1.1	Seller 1 represents by way of an independent guarantee pursuant to section 311 para. 1 of the German Civil Code to the Purchasers (and to their legal
successors) that the statements made in this Section 11.1.1 are materially correct and complete as of the date hereof and as of the Closing Date: 

  

	 	a)	The Movianto Companies and their predecessors have timely and duly filed and will timely and duly file all Tax Returns which are required to be filed by law or
governmental order by them on or before the Closing Date and have complied with all other obligations with respect to any Tax matter; 

  

	 	b)	The Tax Returns are all materially complete, true, accurate, not misleading and do not deviate from an officially published view of any Tax Authority, and all such Tax
Returns as filed disclose all Taxes required to be paid for the periods covered thereby; 

  

	 	c)	The Movianto Companies and their predecessors have timely paid and withheld and will timely pay and withhold up to the Closing Date all Taxes required to be paid or to
be withheld when the Taxes were due and payable (whether or not such Taxes are shown on any Tax Return); 

  

	 	d)	All Tax records to be maintained by any of the Movianto Companies have been properly and completely stored by the respective Movianto Company and are in all respects
correct, complete and up-to-date; 

  

	 	e)	There is no dispute existing or threatened between any of the Movianto Companies and any Tax Authority and none of the Movianto Companies are currently subject to any
Tax audit, investigation or examination by a Tax Authority and the Movianto Companies have not received any announcement (whether in writing or verbally) of a forthcoming Tax audit, investigation or examination by a Tax Authority;

  

	 	f)	None of the Movianto Companies have extended their respective statutes of limitations period in respect of any Taxes; 

 

	 	g)	None of the Movianto Companies has been a real property holding corporation for purposes of the US Internal Revenue Code section 897(c)(2); 

  
 46 

	 	h)	Except for Denmark and the UK, none of the Movianto Companies has been or is currently a party to or bound by a tax sharing or allocation agreement (for the avoidance
of doubt, a German Profit-and-Loss-Distribution-Agreement (Ergebnisabführungsvertrag) is not meant to be a tax sharing or allocation agreement in this sense); 

 

	 	i)	Except for Denmark, the UK and Germany none of the Movianto Companies is a member of any affiliated, consolidated, combined or similar group for Tax purposes under
which any such entity is jointly and severally liable for the Taxes of other members of such group by law, contract or otherwise; 

  

	 	j)	None of the Movianto Companies will be required to include any item of income or exclude any item of deduction from taxable income for any post Effective Date period as
a result of (i) changes in methods of accounting implemented by the Seller, or implemented by a Movianto Company before the Closing Date, (ii) a closing or settlement agreement with any Taxing Authority executed prior to the Closing Date,
(iii) any intercompany transactions entered into before the Closing Date, (iv) any instalment of open transactions occurring prior to the Closing Date, and (v) any prepaid amount received on or prior to the Closing Date on the Closing
Date; 

  

	 	k)	There are no facts or other circumstances existing or having arisen up to the Closing Date which have or may have led to an invalidity, cancellation or removal of a
binding ruling (verbindliche Auskunft) of a Tax Authority or a similar measure (clearance) of any non-German Tax Authority granted to any of the Movianto Companies; 

 

	 	l)	None of the Movianto Companies are subject to an increase of corporate income tax (Körperschaftsteuererhöhungsbetrag) resulting from the former
imputation tax system pursuant to section 38 German Corporate Income Tax Act (KStG) or are or will be subject to any similar non-German taxation; 

  

	 	m)	None of the Movianto Companies have a payment obligation due to an input VAT adjustment (Vorsteuerberichtigung) according to section 15 of the German Value Added
Tax Act (UStG) due to input VAT refunds claimed for an event having occurred prior to or at the Closing Date; 

  

	 	n)	The Movianto Companies will neither become liable to any Taxation in consequence of the execution or completion of this Agreement nor will the Movianto Companies lose
any Tax benefit or the benefit of any concession or clearance (for the avoidance of doubt, however, real estate transfer taxes are borne by the Purchasers in accordance with Section 20.1. of this Agreement), this shall, however, not apply to
any actions taken in connection with the recapitalization of the Movianto Companies in order to prepare the repayment of the Intercompany Debt as proposed in the Deloitte Step Plan; 

 

	 	o)	None of the Movianto Companies has reduced the tax base of any asset by way of a write-off which has not yet been recaptured. 

  
 47 

	11.1.2	The Sellers undertake not to change their current practice of tax reporting and compiling and filing tax returns (in particular with regard to tax elections and
settlements) which may have any impact on the Purchasers or on any Movianto Company. 

  

	11.1.3	Seller 1 shall indemnify and hold the Purchasers and/or, at the Purchaser’s election, the Movianto Companies harmless from and against all Taxes, costs and
expenses (including reasonable fees of legal and tax consultants) incurred by the Purchasers and/or any of the Movianto Companies as a result of or in connection with: 

 

	 	a)	any (partial or full) breach or incorrectness of any guarantee given in Section 11.1.1; 

 

	 	b)	any breach of the undertaking made in Section 11.1.2; and 

  

	 	c)	any liability of any of the Movianto Companies for Taxes or in respect of Taxes (whether by law, contract or otherwise) relating to a period ending on or before the
Closing Date not limited or excluded under Section 11.1.4. Straddle Period: If the Closing Date is not identical with the end of the financial year of the respective Movianto Company, the following shall apply: the financial year of the
respective Movianto Company shall be divided up into two periods: a first one beginning at the beginning of the respective financial year in which the Closing Date falls and ending on the Closing Date and a second one beginning at the day following
the Closing Date; the first period shall be treated as a period for which any income taxes of the respective Movianto Company shall be assessed for tax purposes with any taxes attributable to that period being borne by the Sellers; any other
regularly payable taxes which are not assessed on the basis of the financial year of the respective Movianto Company shall be apportioned on the basis of a total of 365 days to a first period beginning on the first day of the calendar year into
which the Closing Date falls and ending on the Closing Date and a second period starting on the day after the Closing Date; any taxes attributable to the first period shall be borne by the Sellers; 

 

	 	d)	the book settling of the Intercompany Debt which would not have arisen in case of cash settling of the Intercompany Debt. 

  
 48 

	 	e)	the repayment of the Intercompany Debt except for any bank fees and financing costs incurred by the Movianto Companies or the Purchasers or their Affiliates in
connection with the repayment of the Intercompany Debt and except for any Taxes which would not have come into existence but for the implementation of the recapitalization of the Movianto Companies as proposed in the Deloitte Step Plan.

  

	 	f)	the loss in whole or in part of the right to receive any payment for Group Relief to the extent that the payment or right to receive such payment has been reflected in
the net assets of the Movianto Companies as shown by the Completion Accounts, in which case the amount of the liability shall be the amount of such payment; and 

 

	 	g)	any liability to make any payment for Group Relief to the extent that the surrender of such Group Relief for no payment has been reflected in the net assets of the
Movianto Companies as shown by the Completion Accounts, in which case the amount of the liability shall be the amount of such liability. 

  

	11.1.4	The Sellers shall not be required to indemnify the Purchasers from any Taxes if and to the extent such Taxes 

 

	 	a)	have been paid or been specifically provided as Tax liability or Tax provision in the Annual Financial Statements until the Closing Date; 

 

	 	b)	are the subject of a valid and enforceable claim of the Purchasers or the Movianto Companies for refund or indemnification against a third party;

  

	 	c)	result from a change of laws after the Closing Date; 

  

	 	d)	result from (i) any change in the accounting and taxation principles or practices of the Movianto Companies (including methods of submitting Tax returns)
introduced after the Closing Date, or (ii) any transaction, action or omission (including but not limited to the change in the exercise of any Tax election right, the approval or implementation of any reorganisation measure or the sale of any
asset) taken by the Purchasers, the Movianto Companies or any member of the Purchasers’ group after the Closing Date, unless the change is required by mandatory law or applicable GAAP or where such change in the filing policy for Tax periods
beginning on or after the Closing Date is the outcome of a tax court judgment; or 

  

	 	e)	results according to Section 11.1.10 from the Purchasers’ request for a change, which is not legally required, of prepared drafts of the Tax Returns relating
to pre Effective Date time periods. 

  
 49 

 Seller 1 shall only be liable under this Section 11 if the aggregate amount of all
such Tax indemnification claims exceeds the aggregate amount of liabilities and provisions in respect of Taxes included in the Annual Financial Statements. 
  

	11.1.5	For the avoidance of doubt, in case of legal succession Seller 1 is obliged to indemnify and hold harmless the legal successors of the Purchasers and/or any of
the Movianto Companies respectively. The Sellers’ indemnification obligation in respect of any Tax pursuant to Section 11.1.3 shall be reduced by the net present value of any Tax Benefit (as defined below) of the Movianto Companies or any
member of the Purchasers’ group in any period after the Effective Date which relates to such Tax or to any event or circumstance resulting in such Tax (e.g. in case of an adjustment of any depreciation period or if an accrual is recognised as a
deductible expense only for periods after the Effective Date). “Tax Benefit” means any reduction of taxable income or any item that would reduce taxable income (including any increase of a Tax loss). Any such Tax Benefit shall be
calculated on the basis of a fixed tax rate of 25 % for all income Taxes assuming a period of 10 years in which a Tax Benefit shall be deemed to be available unless a shorter useful life applies for tax purposes and using an interest rate of
8 %. 

  

	11.1.6	Each such claim of the Purchasers against Seller 1 for payment of indemnifiable Taxes is due and payable fifteen Business Days after Seller 1 has been notified
by the respective Purchasers in writing about the payment obligation. Any potential objections or other legal proceedings against a Tax assessment or Tax payment obligation shall not entitle Seller 1 to delay any indemnification payment or action to
hold harmless unless the Tax authorities have granted stay of execution. 

  

	11.1.7	If any of the Movianto Companies receives a Tax Refund payment from the Tax Authorities which is allocable to any periods up to and including the Effective Date
by way of cash payment or by way of set-off against Taxes allocable to periods after the Effective Date, such Tax Refund shall be paid by the Purchasers to Seller 1. The respective Purchasers shall notify Seller 1 in writing of the receipt of any
Tax Refund or the relevant decision by the Tax Authority resulting in a Tax Refund. Any amount payable to Seller 1 pursuant to this Section 11.1.7 shall be due and payable within fifteen Business Days after the Tax Refund has been received by
the Purchasers or the respective Movianto Company or in the event that the Tax Refund is granted by way of set-off against Taxes allocable to periods after the Effective Date, after the respective Taxes which are reduced by the set-off have become
or would have become due. The Tax Refund is payable to Seller 1 on the Sellers’ Account. For the avoidance of doubt this clause shall only apply to Tax Refunds which have not been recorded in the Annual Financial Statements.

  

	11.1.8	Claims within the meaning of Section 11.1.3 and Section 11.1.7 which are due and payable shall be set off against each other. 

  
 50 

	11.1.9	Any payments made by Seller 1 or the Purchasers respectively pursuant to this Section 11 shall be treated by the Parties as an adjustment of the Purchase
Price. 

  

	11.1.10	The Sellers shall prepare drafts of the Tax Returns relating to pre Effective Date time periods which are in line with past practice and all applicable legal and
administrative requirements, and provide such drafts to the Purchasers and the Purchasers’ Guarantor for review within 6 weeks of their due date for filing. The Purchasers shall be entitled to make such changes as are legally required or are in
the best interest of the relevant Movianto Company, and shall give the Sellers the opportunity to review and comment within a time period of 10 Business Days. The Purchasers shall take into account valid comments made by the Sellers; if after 10
Business Days no comments have been received by the Seller, the amended version of the relevant Tax Return is deemed to be agreed. The Purchasers shall procure that the relevant Movianto Company files the Tax Return. 

 

	11.1.11	The Purchasers and the Sellers shall fully cooperate with each other with respect to any Tax matter relating to any Tax assessment period ending on or before the
Closing Date and shall in particular give or cause to be given to each other, upon request, and each at their own expense, as promptly as practicable, such information and assistance, including the right to examine and copy books and records,
documents or other materials including relevant working papers, relating to the Movianto Companies as is necessary for the filing of any Tax Return and for the preparation of any Tax audit, including making employees available on a mutually
convenient basis to provide additional information and explanations of any material hereunder. 

  

	11.1.12	To the extent that the facts and circumstances giving rise to indemnifiable Taxes also give rise to a claim under the Sellers’ Guarantees pursuant to
Section 7, claims under this Section 11 shall be made in priority to claims under the Sellers’ Guarantees. Any limitation under Section 10 does not apply to claims under this Section 11. 

 

	11.1.13	Claims pursuant to this Section 11 shall become time-barred six months after the date upon which the assessment of the respective Taxes becomes finally
binding and non-appealable (bestandskräftig) and can no more be changed by the Tax Authority. 

  

	12.	PURCHASERS’ GUARANTEES 

 The Purchasers hereby guarantee to the Sellers by way of an independent guarantee (selbständiges Garantieversprechen) pursuant to Sec. 311 (1) German Civil Code (BGB) that the
statements set forth hereinafter are correct as of the signing of this Agreement. 

  
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	12.1	Authorization of Purchasers 

 The execution, delivery and performance by the Purchasers and the consummation of the transactions contemplated under this Agreement are within the Purchasers’ corporate powers and have been duly
authorized by all necessary corporate actions on the part of the Purchasers. 
  

	12.2	Litigation 

 There is no
action, suit, investigation or proceeding pending against, or to the knowledge of the Purchasers, threatened against or affecting the Purchasers before any court or arbitrator or governmental body, agency or official body which in any manner
challenges or seeks to prevent, enjoin, alter or materially delay the transactions contemplated under this Agreement. 
  

	12.3	Purchasers’ Knowledge 

The Purchasers guarantee that neither it, nor its Affiliates, agents or advisers, have actual knowledge as at 22 July 2012 of any
fact which was disclosed to the Purchasers or their Affiliates or their agents or advisers during the due diligence process conducted in connection with the Transaction, in relation to which the Purchasers will make a claim against the Sellers under
the Sellers’ Guarantees at any time after the date of this Agreement. 
  

	13.	GUARANTEE OF THE PURCHASERS’ GUARANTOR 

 The Purchasers’ Guarantor hereby irrevocably, independently and unconditionally guarantees (selbständiges Garantieversprechen) to the Sellers the due and timely performance and observance
by the Purchasers of all their obligations under this Agreement and undertakes to indemnify the Sellers against all losses and dangers incurred by the Sellers arising from a failure of the Purchasers to perform and/or to observe any of their
obligations under this Agreement. 
  

	14.	INDEMNITIES 

  

	14.1	Domination and profit and loss pooling agreement 

 Purchaser 1 shall indemnify and keep indemnified the Seller 1 and the Seller 2 from any obligation or liability under the domination and profit and loss pooling agreement between
Seller 2 and Movianto GmbH dated 5 May 2006, including any obligation to 

  
 52 

 
furnish security to any creditor of Movianto GmbH or Movianto Deutschland GmbH as a result of termination of the domination and profit and loss pooling agreement, in relation to periods after the
Closing Date. The Seller 1 shall indemnify and keep indemnified Purchaser 1 from any obligation or liability under such domination and profit and loss pooling agreement that came into existence prior to the Closing Date. 

 

	14.2	Full Receipt of all Rights and Assets 

 Seller 1 confirms to Purchaser 2 that Movianto UK Limited and Celesio Manufacturer Solutions Danmark Distributors ApS (renamed Movianto Nordic ApS) (“Movianto Nordic”), by virtue of the Business
Sale Agreement and the Demerger respectively, validly and fully received all rights and assets which are used by the Northern Irish, Castlereagh Pharmaceuticals and Nordic businesses associated with the Movianto Companies, that such rights and
assets are the only ones necessary for the operation of such businesses and that no liabilities were transferred other than those relating exclusively to the businesses transferred. Seller 1 shall indemnify and compensate Purchaser 2 against/for all
Losses which the Purchasers or any Movianto Company may suffer or incur directly or indirectly arising out of or in respect of any breach of the aforementioned confirmation irrespective of whether or not this is caused by any actions or omissions by
or fault of Seller 1 or its Affiliates or by other circumstances. 
  

	14.3	Transfer of Rights And Assets 

 If Seller 1 is in breach of Section 14.2, with respect to the Business Sale Agreement or the Demerger (as applicable) additionally it shall or shall procure the transfer of any such right or asset
which was not transferred, or re-assumption of any liability which was transferred, pursuant to the Business Sale Agreement or Demerger (as applicable) to Movianto UK Limited or Movianto Nordic respectively for no separate consideration, provided
always that Seller 1 shall be responsible for all costs and expenses incurred by Purchaser 2 or any of the Purchaser 2 and its Affiliates in giving effect to such transfer or re-assumption. 

 

	14.4	Business Sale Agreement and Demerger 

 In connection with the transaction constituted by the Business Sale Agreement and the Demerger, Seller 1 shall discharge and hereby undertakes to indemnify and compensate Purchaser 2 and its
Affiliates (including the Movianto Companies after the Closing Date) against all liabilities, obligations, costs, claims and demands arising from or in respect of: 
  

	 	(a)	any employee of AAH Pharmaceuticals Limited or Tjellesen Max Jenne A/S who was not included as an “Employee” as defined in the Business Sale Agreement or in
the Demerger documentation; 

  
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	 	(b)	any obligation to elect representatives and to inform and consult representatives of the “Employees” (as defined in the Business Sale Agreement or in the
Demerger documentation); and 

  

	 	(c)	any breach of the United Kingdom Transfer of Undertakings (Protection of Employment) Regulations 2006 and of the Danish Act on Transfer of Undertakings (Protection of
Employment) (in Danish “Virksomhedsoverdragelsesloven”). 

  

	14.5	Seller 1’s Indemnity re missing parts of the business 

 Seller 1 will be responsible for and shall indemnify Purchaser 2 against all other claims made against Movianto UK Limited or Movianto Nordic concerning the part of AAH Pharmaceuticals Limited’s
or Tjellesen Max Jenne A/S’s businesses which are not part of the business of the Movianto Companies. 
  

	14.6	Purchaser 2’s Indemnity re demerged/transferred activities after Closing 

Purchaser 2 shall be responsible for and shall indemnify Seller 1 against all claims made against Tjellesen Max Jenne A/S or AAH
Pharmaceuticals Limited concerning the demerged/transferred activities after the Closing Date. 
  

	14.7	Assets or rights which were not transferred under Business Sale Agreement or Demerger 

Following Closing Seller 1 shall from time to time forthwith upon request from Purchaser 2 at Seller 1’s expense do or procure the
doing of all acts and/or execute or procure the execution of all such documents in a form reasonably satisfactory to Purchaser 2 for the purpose of vesting in Purchaser 2 or the relevant Movianto Company the full right and title to any assets or
rights which were not transferred, but should have been transferred pursuant to the Business Sale Agreement or Demerger (as applicable). 
  

	14.8	Insolvency 

 The
Purchasers shall indemnify and compensate the Sellers against any losses, damages, costs and expenses that the Sellers and/or any of their Affiliates may suffer or incur in case any of the Movianto Companies becomes insolvent within a period of 2
years following the Closing Date unless (i) the Sellers have not complied with the insolvency representations and warranties given in this agreement under Section 8.1.4; or (ii) there have been any actions within a time period of two
years prior to the Closing Date that are challengeable under the respective insolvency law applicable to the respective Movianto Company, except for any actions provided for under this 

  
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Agreement, in particular but not limited to the repayment of the Intercompany Debt or the implementation of the recapitalisation steps according to the Deloitte Step Plan or (iii) the
Sellers have not complied with any other representations and warranties included in this agreement and this non-compliance has caused the insolvency of the respective Movianto Company. 

 

	14.9	Admenta Pension Scheme 

The Sellers shall indemnify and keep indemnified Movianto UK Limited against all Losses, which Movianto UK Limited may suffer or incur
directly or indirectly arising out of or in respect of the Admenta Pension Scheme including but not limited to: 
  

	 	(a)	any and all Moral Hazard Liabilities; and/or 

  

	 	(b)	any Section 75 Debt; and/or 

  

	 	(c)	any other amount which AAH Pharmaceuticals Limited recovers from Movianto UK Limited pursuant to the Business Sale Agreement. 

 

	14.10	Pension Liability 

 The
Sellers shall indemnify and keep indemnified the Purchasers and the Movianto Companies in full and on demand against all Losses which the Purchasers and/or any of the Movianto Companies may suffer, sustain, incur, pay or be put to by reason or on
account of or arising in respect of a Pension Liability. 
  

	14.11	Licensing Agreements 

 The
Sellers shall indemnify and keep indemnified the Purchasers and the Movianto Companies in full and on demand against all Losses which the Purchasers and/or any of the Movianto Companies may suffer, sustain, incur, pay or be put to by reason or on
account of or arising in respect of (i) any violation of those license agreements in connection with any services provided under the Transition Services Agreements and (ii) for any license fees to be paid by any Movianto Company in
connection with any services provided under the Transition Services Agreements for the time periods as agreed in the Transition Services Agreements. This shall, however, not apply to the extent such Losses have occurred without a default on the part
of the Sellers or their Affiliates. 
  

	14.12	Exclusion of Limitations 

The limitations set out in Section 9 and 10 with the exception of the time limitation set out in Section 10.1 shall not apply to
a claim for the indemnities given pursuant to this Section 14 and shall be on a Euro per Euro basis irrespective of any fault (negligence) of the Sellers. 

  
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	15.	UNDERTAKINGS OF THE PURCHASER 

  

	15.1	Healthcare Services SPA 

Purchaser 2 undertakes to adhere to the obligations of Seller 1 under Section 7.2 (g) of the share purchase agreement
between Allan James Fall and others and Seller 1 regarding the acquisition of Healthcare Services Group PLC by Seller 1 dated 15 December 2004 (“Healthcare Services SPA”) which comprise the following: 

From Closing and thereafter only during the term of the lease agreements between Movianto UK Limited (formerly Healthcare Logistics
Limited) and each of Herrington Holdings Limited (dated 27 November 2003) and Kirklington Property Developments Limited (dated 27 November 2003) for the Bedford A and B buildings at Progress Park, Bedforshire: 

 

	 	(i)	to use its reasonable endeavours to procure that the net assets of Movianto UK Limited are at all times after Closing in excess of an amount of nine million pounds
(£9,000,000), and until such time as this is satisfied, to procure that Movianto UK Limited shall not make any dividend payments or pay any management charges to Healthcare Services Group PLC, Movianto UK Limited (formerly known as Healthcare
Logistics Limited), Healthcare Product Services Limited, Pharmacare Logistics Limited and Movianto Transport Solutions Limited (formerly known as Healthcare Logistics Group Limited); and 

 

	 	(ii)	unless the distributable profits of Movianto UK Limited in any preceding financial period, as determined from the audited accounts of Movianto UK Limited, are in excess
of an amount of three million pounds (£3,000,000), the Purchaser 2 undertakes to procure that no management charges shall be paid by Movianto UK Limited or Healthcare Product Services Limited, Pharmacare Logistics Limited, Healthcare Logistics
Group Limited, or as the case may be, any of their legal successors, under the Healthcare Services SPA. 

 If so
desired by Seller 1, Purchaser 2 will give a corresponding undertaking to the vendors under the Healthcare Services SPA to the effect of the undertaking of Purchaser 2 set out above. Purchaser 2 will fully indemnify and hold the Seller 1
harmless from any costs and damages arising from its non-compliance with the undertakings set forth in this Section 15.1. 

  
 56 

 In the period from 31 December 2006 to Closing, Seller 1 confirms that Movianto UK
Limited and Healthcare Services Group plc have complied with the restrictions imposed upon them pursuant to Section 7.2(g) of the Healthcare Services SPA. 
  

	15.2	Replacement of Collateral 

  

	15.2.1	The Purchasers shall use their reasonable endeavors to procure with effect as of Closing or, to the extent not procured by Closing, within a reasonable period
after Closing, the full and unconditional release, including by way of cash deposit or in any other suitable manner, of the Sellers and their Affiliates from all obligations and liabilities relating to the guarantees, comfort letters and security
interests exclusively as listed in Exhibit 15.2 which the Sellers or any of their Affiliates, or any third party on behalf of any of the Sellers or their Affiliates, has provided prior to the Closing Date in favor of or on behalf
of any of the Movianto Companies (“Collateral”). 

  

	15.2.2	The Sellers or any of their Affiliates shall procure that any Collateral shall be kept in place after Closing until the Purchasers have completed the replacement
of such Collateral. 

  

	15.2.3	In addition to Purchasers’ obligations under Section 15.2.1, the Purchasers shall, with effect as of the Closing Date, indemnify and hold harmless the
Sellers and their Affiliates from any obligations and liabilities to any third party arising under or in connection with such Collateral and all damages and losses actually suffered in connection therewith. 

 

	16.	NON-COMPETE AND NON-SOLICITATION 

  

	16.1	Non-compete 

  

	16.1.1	For a period of twenty-four (24) months from the Closing Date, Seller 1 shall not, and Seller 1 shall procure that no Seller or Sellers’ Affiliate
shall, provided that and for so long as they are controlled by Seller 1, directly or indirectly engage in the Restricted Business in the countries listed on Exhibit 16.1.1 (“Territories”). 

 

	16.1.2	For the purposes of this Section 16.1, “Restricted Business” means the business of providing logistics services (including, but not limited
to, warehousing, transportation and/or related value added services) to healthcare product manufacturers on a (fixed or variable) fee per performed activity basis as conducted by the Movianto Companies with their respective customers (as listed in
Exhibit 16.1.2; collectively, “Movianto Customers”) as of 23 July, 2012. 

  
 57 

	16.1.3	Notwithstanding the foregoing, the following activities shall be exempt from the covenant not to compete: 

 

	 	(i)	any activities (including future extensions thereof) constituting Restricted Business that is conducted by the Sellers and their Affiliates as of the Closing Date
(“Celesio’s Existing Competing Activities”), it being understood that in case if any of the Sellers and/or any of their Affiliates have started negotiations with manufacturers to enter into a contractual agreement on the
provision of services constituting Restricted Business before the Closing Date, such agreements, if they come into effect, will be deemed to be Celesio’s Existing Competing Activities; 

 

	 	(ii)	to the extent conducted with manufacturers who are part of Celesio’s Existing Competing Activities any (future) activities reasonably complementary or ancillary to
Celesio’s Existing Competing Activities; 

  

	 	(iii)	any future activities constituting Restricted Business to the extent these activities are engaged in as a response to 

 

	 	(a)	changes in laws or regulations which would (i) require the Seller 1 or the Seller 1’s Affiliates to engage in such activities in order to be in
compliance with such laws or regulations, or (ii) enable the Seller 1 or the Seller 1’s Affiliates to engage in such activities and it being reasonably expected that any of the Seller 1 or the Seller 1’s Affiliates’
competitors would do so, in each case provided, however, that this shall be limited to the jurisdiction where such laws or regulations are applicable; or 

  

	 	(b)	material changes in the overall market environment in those markets in which Seller 1 conducted any business activities at the time of Closing
(“Celesio’s Existing Business”) which reasonably require the Sellers or the Sellers’ Affiliates to engage in such activities in order to remain competitive; or 

 

	 	(c)	offers, requests or requirements (including, without limitation, tender processes) by any manufacturer to which a major competitor of the Sellers or of Sellers’
Affiliates would as a matter of good business judgment respond by engaging in such activities; 

  

	 	(iv)	 the acquisition of a non-controlling interest in an entity or group which is not primarily engaged in the Restricted Business; it being understood that
if the 

  
 58 

	 	
gross margin (or gross profit) of the Restricted Business in the latest twelve months preceding the acquisition did exceed 50% of the aggregate gross margin (or gross profit) of the entity or
group acquired, such entity or group acquired shall be deemed to be primarily engaged in the Restricted Business; or 

  

	 	(v)	the acquisition of a controlling interest in an entity or group which is not primarily engaged in the Restricted Business, provided that the gross margin (or gross
profit) of the Restricted Business in the latest twelve months preceding the acquisition did not exceed (i) 20% of the aggregate gross margin (or gross profit) of the entity or group acquired or (ii) 50% of the aggregate gross margin (or
gross profit) of the Movianto Companies; 

 provided that, none of the activities described in subsections
(i) through (v) above that compete with the Restricted Business may be conducted by any Seller or any Sellers’ Affiliate for or in respect of any existing Movianto Customer. For the avoidance of doubt, the continuation or entry into a
typical (as defined at the time of Closing) wholesaling supplier relationship (which is the principal business of Seller 1) with any of these Movianto Customers does not constitute a violation of this provision. 

 

	16.2	Non-solicitation 

 For a
period of three years from the Closing Date, Seller 1 shall not, and Seller 1 shall procure that no Seller or Sellers’ Affiliate shall solicit for employment of any Key Employee other than Key Employees who (i) have been given notice of
termination of their employment by the respective Movianto Company after the Closing Date, (ii) have given notice of termination of their employment or agreed to terminate their employment with the respective Movianto Company without any
inducement by the Sellers or the Sellers’ Affiliates, or (iii) seek for employment with any of the Sellers or the Sellers’ Affiliates as a result of general advertising or otherwise upon their own initiative. 

 

	17.	FUTURE CO-OPERATION 

Seller 1 and the Purchasers’ Guarantor have already before the Transaction initiated non-binding and preliminary discussions
about different ways of future cooperation. These discussions will be continued if deemed to be appropriate by the Parties. Seller 1 is the natural Pan-European partner for the Movianto Companies providing last-mile distribution services.
Further topics to be discussed could be, among others, combined models, joint entry into new markets as well as emergency distribution models. Cooperation between Seller 1, the Purchasers and Purchasers’ Guarantor not involving Movianto
Companies could entail joint sourcing and pharmaceutical distribution to the Purchasers and the Purchasers’ Guarantor’s customers. Any obligation between Seller 1, the Purchasers and the Purchasers’ Guarantor under this
Section 17 is subject to contract. 

  
 59 

	18.	ANNOUNCEMENTS, CONFIDENTIALITY AND OTHER BUSINESS MATTERS 

  

	18.1	Restrictions of Announcements 

 Each of the Parties undertakes that, prior to the Closing Date, it will not make any announcement in connection with this Agreement unless required by applicable mandatory law or stock exchange
regulations or the other Party hereto has given its consent to such announcement in writing, including the form of such announcement, which consents may not be unreasonably withheld but may be subject to reasonable conditions. If and to the extent
any announcement or disclosure of information regarding the subject matter of this Agreement is to be made under applicable mandatory laws, the Party being concerned shall - to the extent legally permissible - not disclose any such information
without prior consultation with the other Party. 
  

	18.2	Confidentiality 

  

	18.2.1	The Parties agree to keep strictly confidential any information contained in this Agreement or obtained by them in connection with the transactions contemplated
under this Agreement with respect to the respective other Party and its Affiliates unless otherwise agreed in writing between the Parties. 

  

	18.2.2	The obligations of confidentiality in Section 18.2.1 shall not apply to confidential information which was or is lawfully obtained by the Parties from other
sources, was or is or becomes generally available to the public, which ceases to be a business or trade secret, or which is required to be disclosed to a competent tribunal or government agency or other regulatory body or otherwise in connection
with any judicial or administrative proceeding, or which is required to be disclosed by mandatory law or stock exchange regulations. 

  

	18.2.3	Seller 1 shall procure that promptly after the date of signing of this Agreement it or its Affiliates shall request each person to whom information in relation
to the Movianto Companies was provided in connection with the process conducted for the Transaction to return or destroy such information. Seller 1 hereby assigns all of its right and interests in all confidentiality undertakings exchanged with any
such persons to the Purchasers and undertakes to notify such persons of such assignment together with the demand that the person return or destroy all the information provided on the Movianto Companies. 

  
 60 

	18.3	Cooperation 

 Upon and
after the Closing Date, the Sellers and the Purchasers shall use their best efforts to execute and deliver or procure to be executed and delivered all such further acts, deeds, documents, instruments and things as may be reasonably necessary to
implement the terms of this Agreement. The Purchasers will further procure that the Movianto Companies will grant the Sellers for a period of 12 months after Closing access to the Movianto Companies’ books and financial data pertaining to
financial periods prior to the Closing Date as may be reasonably required by the Sellers from time to time. The Sellers shall provide the Purchasers all such assistance as may be reasonably required in connection with any legal or tax matters which
relate to the period pre-Closing for a period of 12 months after Closing. 
  

	19.	NOTICES 

 All notices and
other communications hereunder shall be made in writing and shall be delivered or sent by registered mail or courier to the addresses below or to such other addresses which may be specified by any Party to the other Party in the future in writing:

 If to the Sellers: 
 The Sellers shall be notified under the following address: 
 Corporate Legal

 Celesio AG 
 Neckartalstraße 155 
 70376 Stuttgart 

Germany 
 T:
+49 (0) 711.5001-1130 
 F: +49 (0) 711.5001-590 

and 
 Corporate
M&A 
 Celesio AG 
 Neckartalstraße 155 
 70376 Stuttgart 

Germany 
 T:
+49 (0) 711.5001-544 
 F: +49 (0) 711.5001-1257 

  
 61 

 With a copy to: 
 DLA Piper UK LLP 
 Att.: Dr Benjamin Parameswaran and Dr Michael Sörgel

 Hohenzollernring 72 
 50672 Cologne 
 Germany 

If to the Purchasers: 
 The Purchasers shall be notified under the following address: 
 Owens &
Minor, Inc. 
 Attn.: Grace den Hartog 
 9120 Lockwood Boulevard 
 Mechanicsville 

VA 23116 
 USA

 With a copy to: 
 Ashurst LLP 
 Att.: Stephen Lloyd 

Broadwalk House 

5 Appold Street 

London EC2A 2HA 

UK 
  

	20.	MISCELLANEOUS 

  

	20.1	Costs 

 All expenses,
costs, fees and charges incurred in connection with the transactions contemplated under this Agreement, including legal services, shall be borne by the Party commissioning the respective costs, fees and charges. All notarial fees and official fees
charged by the cartel authorities in connection with the merger clearances required under this Agreement as well as any other fees charged by any other governmental authority in connection with the transactions contemplated under this Agreement
shall be borne by the Purchasers. The Purchasers shall also be responsible for the payment of any sales or transfer taxes, including for the avoidance of doubt real estate transfer tax (Grunderwerbsteuer), or other similar charges, payable by
reason of the Transaction. For the avoidance of doubt, the Sellers confirm and 

  
 62 

 
undertake to the Purchasers that all professional transaction costs incurred by any Seller in connection with the Transaction shall be borne exclusively by the Sellers and not any of the Movianto
Companies and the Sellers shall indemnify and compensate the relevant Movianto Company and the Purchasers (as required) should any such costs be or have been borne by any Movianto Company. 

 

	20.2	Entire Agreement 

 This
Agreement, together with the Escrow Agreement and the IT Transition Service Agreement, comprises the entire agreement between the Parties concerning the subject matter hereof and supersedes and replaces all oral and written declarations made by the
Parties in connection with the Transaction. Changes or amendments to this Agreement (including this Section 20.2) must be made in writing by the Parties unless notarial form is required by mandatory law. 

 

	20.3	No Assignment 

 No Party
shall be entitled to assign any rights, obligations or claims under this Agreement without the prior written consent of the other Parties. 
  

	20.4	Governing Law 

 This
Agreement shall be governed by, and be construed in accordance with, the laws of Germany, excluding the German principles of conflicts of laws and the UN Convention on the Sale of Goods, provided that the legal transfer of title in the Movianto
Companies shall be governed by the laws of the jurisdiction in which the respective Movianto Company is domiciled. 
  

	20.5	Disputes 

  

	20.5.1	Any dispute arising from or in connection with this Agreement and its consummation shall be finally settled by three arbitrators in accordance with the
arbitration rules of the German Institution of Arbitration (Deutsche Institution für Schiedsgerichtsbarkeit e.V.) as applicable from time to time without recourse to the courts of law. The venue of the arbitration shall be Stuttgart,
Germany. The language of the arbitral proceedings shall be English, provided however, that the Parties shall be entitled to submit written evidence in the German language. 

 

	20.5.2	In the event mandatory applicable law requires any matter arising from or in connection with this Agreement and its consummation to be decided upon by the
ordinary courts of law, the competent courts of Stuttgart, Germany, shall have jurisdiction. 

  
 63 

	20.6	Severability 

 In the
event that one or more provisions of this Agreement shall, or shall be deemed to, be invalid or unenforceable, the validity and enforceability of the other provisions of this Agreement shall not be effected thereby. In such case, the Parties shall
agree on and give effect to such valid and enforceable provision or provisions which correspond as closely as possible with the commercial intent of the Parties. The same shall apply in the event that the Agreement contains any gaps
(Vertragslücken). 

  
 64 

 Number 73 of the Roll of Notarial Deeds for 2012-MCS 

 
 

 
 Transacted 

in Frankfurt am Main, this 30th and 31st day of August, 2012. 
 Before me, the undersigning 
 Dr. Martin C. Schmidt, 

civil law notary 

with offices in Frankfurt/Main 

who upon request of the parties had proceeded to the offices of Ashurst LLP, OpernTurm, Bockenheimer Landstraße 2-4, 60306 Frankfurt am Main,
appeared today: 
  

	1.	Dr. Thomas Karst, born on 8 October 1971, with business address at c/o Celesio AG, Neckartalstraße 155, 70376 Stuttgart, acting not for himself but in
the name and on behalf of 

 Celesio AG, a stock corporation (Aktiengesellschaft) incorporated under
the laws of Germany, with its registered office at Neckartalstraße 155, 70376 Stuttgart, Germany, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) Stuttgart under HRB 9517; 

based upon a power of attorney dated 20 August 2012, a certified copy of which is attached hereto as Appendix A.1.

  

	2.	Dr. Michael Sörgel, born on 23 August 1970, with business address at c/o DLA Piper UK LLP, Hohenzollernring 72, 50672 Cologne, acting not for himself but
in the name and on behalf of 

  

	 	a)	Admenta Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, with its
registered office at Neckartalstraße 155, 70376 Stuttgart, Germany, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) Stuttgart under HRB 720173; 

based upon a power of attorney dated 18 July 2012, a certified copy of which is attached hereto as Appendix A.2;

	 	b)	Admenta Denmark ApS, a limited liability company incorporated under the laws of Denmark, with its registered office at Brandstrupvej 4, 2610 Rødovre,
Denmark, registered under company registration number (CVR-no) 29 15 05 67, 

 based upon a power of attorney dated
18 July 2012, a certified copy of which is attached hereto as Appendix A.3; 
  

	 	c)	Admenta France S.A., a limited liability company incorporated under the laws of France, with business seat at 2, rue Galien, 93400 Saint-Ouen, France, registered
with the Registry of Commerce and Companies of Bobigny under number 345 277 917; 

 based upon a power of attorney
dated 19 July 2012, a certified copy of which is attached hereto as Appendix A.4; 
  

	 	d)	OCP Portugal Produtos Farmaceuticos, S.A., a stock company incorporated under the laws of Portugal, with its registered office at Pinheiros Park II, Casal
Pinheiro, 2580-507 Carregado, freguesia do Carregado, concelho de Alenquer, Portugal, taxpayer number 509040411, registered with the Registry of Companies of Maia under the same number; 

based upon a power of attorney dated 19 July 2012, a certified copy of which is attached hereto as Appendix
A.5. 
  

	3.	Dr. Philip Cavaillès, born on 26 August 1979, with business address at c/o Ashurst LLP, OpernTurm, Bockenheimer Landstraße 2-4, 60306 Frankfurt
am Main, acting not for himself but in the name and on behalf of 

  

	 	a)	O&M-Movianto Nederland B.V. a limited liability company incorporated under the laws of the Netherlands, with its registered office at Teleportboulevard 140,
1043 EJ Amsterdam, the Netherlands, registered with the Chamber of Commerce and Industry under registration number 55836151, 

 based upon a power of attorney dated 27 August 2012, a certified copy of which is attached hereto as Appendix B.1; 

 

	 	b)	O&M-Movianto UK Holdings Ltd. a limited liability company incorporated under the laws of England and Wales, with its registered office at Broadwalk House,
5 Appold Street, London EC2A 2HA, United Kingdom, registered with the Companies House under 8179358, 

 based
upon a power of attorney dated 24 August 2012, a certified copy of which is attached hereto as Appendix B.2; 
  

	 	c)	O&M-Movianto France Holdings SAS a limited liability company incorporated under the laws of France, with its registered office at 76 rue de la Pompe, 75116
Paris, France, registered with the Registry of Commerce and Companies of Paris under number 753 422 575, 

 based
upon a power of attorney dated 27 August 2012, a certified copy of which is attached hereto as Appendix B.3; 
  

	 	d)	Owens & Minor, Inc. a joint stock company incorporated under the laws of the Commonwealth of Virginia, with its registered office at 9120 Lockwood
Boulevard, Richmond, Virginia 23116, U.S.A., registered with the Virginia State Corporation Commission under 0419766, 

  
 - 2 -

 based upon a power of attorney dated 24 August 2012, a certified copy of which is
attached hereto as Appendix B.4. 
 The originals of the above-mentioned powers of attorney were presented to the notary at
this notarisation. 
 All persons appearing identified themselves to the acting notary by submission of their valid official picture
identification documents. 
 The notary asked the persons appearing regarding a prior involvement according to sec. 3 para. 1 sent. 1 no. 7
of the German Notarisation Act (BeurkG). After instructions by the notary regarding the contents of this provision, the persons appearing and the notary answered this question in the negative. 

The persons appearing requested the notary to notarise this deed mainly in the English and partly in the German language. The persons appearing confirmed
that they are in adequate command of both the English and the German language. The notary declared that he is in adequate command of the English language as well. 
 The persons appearing, acting as aforesaid, then requested the notarisation of the 

SHARE PURCHASE AGREEMENT 

regarding the acquisition of the 
 MOVIANTO GROUP OF COMPANIES 

attached to this deed as Enclosure I including its Exhibit 6.1.2. This Agreement, including its Exhibit 6.1.2, but excluding its table
of contents, forms an integral part of this deed. 
 In addition to the aforementioned Exhibit 6.1.2 to Enclosure I,
Enclosure I makes reference to various further Exhibits. These Exhibits are not attached to the present deed, but are attached to deed number 71/2012-MCS of the notary Dr. Martin C. Schmidt, Frankfurt/Main (the “Reference Deed
I”) as well as to deed number 72/2012-MCS of the same notary (the “Reference Deed II”), both dated 28th, 29th, 30th and 31st August 2012 (together, the “Reference Deeds”). These Reference Deeds were available at this
notarization in their respective original; they are hereby being referred to, including pursuant to Section 13a German Notarization Act (BeurkG), and are in their entirety made a part of this notarization. The persons appearing expressly
declared that they are fully aware of the contents of the Reference Deeds including the Exhibits contained therein. After having been advised by the notary of the relevance of this reference, the persons appearing waived their right to have the
Reference Deeds read out again and to have copies thereof attached to this deed. 
 The notary advised in particular of the following:

  

	•	 	 That this deed must contain all agreements of the parties with respect to the subject matter thereof, and that otherwise the agreement may be null and
void; 

  

	•	 	 that foreign law may be applicable to certain parts of the Agreement concluded under this deed, in particular with a view to the local transfer deeds
to be entered into between the parties, and that the notary is under no obligation to advise, and has not advised, as to the contents of foreign law provisions and thus does not accept any liability in this regard; 

  
 - 3 -

	•	 	 that the effectiveness of a share transfer that, pursuant to the articles of association, requires the consent of the shareholders’ meeting or the
company remains pending until the required consent has been granted; 

  

	•	 	 of the liability of the transferor and the transferee of a German limited liability company (GmbH) for unpaid contributions upon the capital of
the company; 

  

	•	 	 that in case of share transfers in a German limited liability company (GmbH), the transferee is principally only deemed the owner of a share
vis-à-vis the company if he is listed as such in the list of shareholders recorded in the commercial register, but that legal actions taken by a new shareholder are deemed to have become valid vis-à-vis the company with retroactive
effect if the amended list of shareholders is recorded in the commercial register without undue delay after such actions have been taken; 

  

	•	 	 that in case of share transfers in a German limited liability company (GmbH), legal actions of the transferor vis-à-vis the company or
vice versa with regard to the company that are taken prior to the recording of the amended list of shareholders in the commercial register may be deemed to be effective against the transferee; 

 

	•	 	 of the potential consequences of a list of shareholders that is incorrect in substance, and in particular the possibility and legal requirements of a
bona fide acquisition of shares from a person who is listed in the list of shareholders, but does not hold ownership in the relevant share or shares; 

  

	•	 	 of the notary’s duty to provide information under sec. 54 German Income Tax Implementation Regulation (EStDV);

  

	•	 	 that the parties will be jointly and severally liable for the costs of this deed. 

The parties declared that Movianto GmbH does not own any real property. Movianto Deutschland GmbH owns real property; the notary advised that real estate
transfer tax may be payable and pointed out his information duties under sec. 18 German Real Estate Transfer Tax Act (GrEStG). 
 The
notary pointed out that he has not undertaken to advise the parties on tax matters, and thus does not accept any liability in this respect; the persons appearing, acting as aforesaid, expressly agreed to this. 

  
 - 4 -

 This deed with its Enclosure I, including Exhibit 6.1.2 to Enclosure I, but excluding the table of contents
contained in Enclosure I, was read aloud by the acting notary to the persons appearing, was in its entirety approved by the persons appearing and was signed by the persons appearing and the notary in their own hands as follows: 

/s/ Thomas Karst 

/s/ Michael Sorgel 

/s/ Philip Cavailles 
 /s/ Martin C. Schmidt 
 Notary 

[Notary Seal] 

  
 - 5 -EX-10.1

 Exhibit 10.1 
 AMENDMENT NO. 1 
 THIS AMENDMENT NO. 1, dated as of August 31, 2012 (this
“Amendment”), of the Credit Agreement referenced below by and among HURON CONSULTING GROUP INC., a Delaware corporation, as Borrower, the Guarantors identified herein, the Lenders identified on the signature pages hereto, and BANK
OF AMERICA, N.A., as Administrative Agent for and on behalf of the Lenders. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement. 

W I T N E S S E T H 

WHEREAS, a $350 million credit facility consisting of a $150 million revolving credit facility and a $200 million term loan facility has
been established in favor of the Borrower pursuant to the terms of that certain Amended and Restated Credit Agreement dated as of April 14, 2011 (as amended and modified, the “Credit Agreement”) by and among Huron Consulting
Group Inc., a Delaware corporation, as Borrower, certain subsidiaries of Huron Consulting Group Inc., as Guarantors, the Lenders identified therein and Bank of America, N.A., as Administrative Agent and Collateral Agent; 

WHEREAS, the Borrower has requested certain modifications to the terms of the Credit Agreement, including, among other things, an
increase in revolving loan commitments and term loan commitments, a reduction in pricing, and an extension of the credit facilities under the Credit Agreement; and 
 WHEREAS, the Lenders have agreed to the requested amendments on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending
to be legally bound hereby, agree as follows: 
 Section 1. Modifications in respect of Senior Credit Facilities. The
Credit Agreement is, effective as of the Amendment No. 1 Effective Date (as defined below), hereby amended as follows: 
 1.1 Increase in Commitments under the Revolving Credit Facility. The Aggregate Revolving Committed Amount, as referenced and defined in Section 2.01(a), is being increased from ONE HUNDRED
FIFTY MILLION DOLLARS ($150,000,000) to TWO HUNDRED FORTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($247,500,000) and the loans and commitments thereunder reallocated, as provided herein. Schedule 2.01 to the Credit Agreement is amended
and restated as attached hereto to give effect to the increase and reallocation of Revolving Commitments. 
 1.2
Increase in Commitments under the Term Loan Facility. The Term Loan, as referenced in Section 2.01(b), is being increased from ONE HUNDRED EIGHTY MILLION DOLLARS ($180,000,000) to TWO HUNDRED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS
($202,500,000) and the interests in the Term Loan thereunder reallocated, as provided herein. Schedule 2.01 to the Credit Agreement is amended and restated as attached hereto to give effect to the increase and reallocation of the Term Loan
Commitments. 
 1.3 Assignment of Interests. The Lenders shall purchase and sell assignment interests in
the loans and commitments under the Credit Agreement to give effect to the increase and reallocation of loans and commitments as provided herein and reflected on Schedule 2.01, as revised, attached hereto. 

 Section 2. Amendment. The Credit Agreement is, effective as of the Amendment
No. 1 Effective Date (as defined below), hereby amended as follows: 
 2.1. In Section 1.01 (Defined
Terms), the following terms are added, or amended, to read as follows: 
 “Aggregate Revolving
Commitments” means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Amendment No. 1 Effective Date is Two Hundred Forty Seven Million Five Hundred Thousand Dollars
($247,500,000). 
 “Amendment No. 1” means Amendment No. 1, dated as of
August 31, 2012, to this Credit Agreement. 
 “Amendment No. 1 Effective Date” means
the date on which the conditions to effectiveness for Amendment No. 1 have been met and Amendment No. 1 becomes effective, being August 31, 2012. 
 “Applicable Percentage” means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 7.02(b): 
  

																			
	  	  	 	  	Revolving Loans and Term Loan	 	 	 	 	 	 	 
	 Pricing
Tier
	  	 Consolidated Leverage

Ratio
	  	Eurodollar
Rate Loans	 	 	Base Rate
Loans	 	 	Letter of Credit
Fee	 	 	Commitment
Fee	 
	 5
	  	> 2.5:1.0	  	 	2.25	% 	 	 	1.25	% 	 	 	2.25	% 	 	 	0.35	% 
	 4
	  	> 2.0:1.0, but £ 2.5:1.0	  	 	2.00	% 	 	 	1.00	% 	 	 	2.00	% 	 	 	0.30	% 
	 3
	  	> 1.5:1.0, but £ 2.0:1.0	  	 	1.75	% 	 	 	0.75	% 	 	 	1.75	% 	 	 	0.25	% 
	 2
	  	> 1.0:1.0, but £ 1.5:1.0	  	 	1.50	% 	 	 	0.50	% 	 	 	1.50	% 	 	 	0.20	% 
	 1
	  	£ 1.0:1.0	  	 	1.25	% 	 	 	0.25	% 	 	 	1.25	% 	 	 	0.15	% 

 Any increase or decrease in the Applicable Percentage resulting from a change in the Consolidated
Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b); provided, however, that if a Compliance
Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 5 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have
been delivered and shall remain in effect until the first Business Day immediately following the date on which such Compliance Certificate is delivered in accordance with Section 7.02(b). The Applicable Percentage in effect from the
Amendment No. 1 Effective Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b) for the fiscal quarter ending September 30, 2012
shall be determined based upon Pricing Tier 4. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Percentage for any period shall be subject to the provisions of Section 2.10(b).

 “Consolidated EBITDA” means, for any period for the Borrower and its Subsidiaries, the sum of
(a) Consolidated Net Income, plus, (b) to the extent deducted in determining such 

  
 2 

 
Consolidated Net Income, (i) Consolidated Interest Expense, plus (ii) Taxes, plus (iii) depreciation and amortization, plus (iv) non-cash stock and equity-based compensation
expense, plus (v) non-cash charges for goodwill impairment and impairment of other acquisition-related intangible assets, plus (minus) (vi) non-cash charges (non-cash gains) resulting from the quarterly valuation of acquisition-related
earn-outs and other contingent assets and liabilities pursuant to Statement of Financial Accounting Standards No. 141 (Revised) as it relates to acquisitions completed subsequent to January 1, 2009, plus (vii) for periods ending up to
and including June 30, 2010, charges resulting from the settlement of the St. Vincent litigation in an aggregate amount up to $4.8 million, plus (viii) for periods ending up to and including December 31, 2012, charges resulting from
the restatement of financial statements for fiscal years 2006 through 2009, net of insurance proceeds and other amounts recouped in connection therewith, up to $8.7 million in fiscal year 2010 and up to $8 million in the aggregate in fiscal years
2011 and 2012, plus (ix) non-cash restructuring charges taken in any period, provided that “Consolidated EBITDA” will be reduced in any subsequent period to the extent that cash payment is made in respect thereof, plus (minus)
(x) non cash charges (non-cash gains) from the settlement of the shareholder class action lawsuit, plus (minus) (xi) non-cash losses (non-cash gains) resulting from mark-to-market adjustments or losses (gains) resulting from early
termination in respect of interest rate swap and hedging agreements pursuant to Statement of Financial Accounting Standards No. 133, without duplication for any such amounts included in “Consolidated Interest Expense”, plus (minus)
(xii) charges relating to the write-off of capitalized costs and expenses or other non-cash losses (gains) relating to the existing senior credit facility on its extinguishment and refinancing, without duplication or other non-cash losses
(gains) for any such amounts included in “Consolidated Interest Expense”, plus (xiii) reasonable costs and expenses relating to acquisitions and financing transactions (other than those relating to the existing senior credit
facility), or amortization of such expense previously capitalized, of up to $4 million in any such period, and plus (xiv) other non-recurring non-cash charges that do not involve cash payments in future periods as may be approved by the
Administrative Agent. Except as otherwise expressly provided, the applicable period shall be the four consecutive fiscal quarters ending as of the date of determination. For purposes of determining the Consolidated Leverage Ratio (including for
purposes of determining the applicable pricing level for the Applicable Percentage and for compliance with the maximum Consolidated Leverage Ratio financial covenant), but only for such purposes, Consolidated EBITDA will be made on a Pro Forma
Basis. 
 “Debt Issuance” means the issuance by the Borrower or any of its Subsidiaries of any
Funded Indebtedness, other than as permitted under Section 8.03. 
 “Maturity Date”
means (a) as to the Revolving Obligations, the Revolving Termination Date, and (b) as to the Term Loan, August 31, 2017. 
 “Permitted Acquisition” means an Investment consisting of an Acquisition by the Borrower or any Subsidiary, provided that (a) no Default or Event of Default shall exist
immediately before or immediately after giving effect thereto on a Pro Forma Basis, (b) the property acquired (or the property of the Person acquired) in such Acquisition is used or useful in the same or a similar line of business as the
Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extensions or expansions thereof), (c) in the case of an Acquisition of the Equity Interests of another Person, the board of directors (or other comparable
governing body) of such other Person shall have duly approved such Acquisition, (d) in the case of any Acquisition, or series of related Acquisitions, with Acquisition Consideration in excess of $15 million the Borrower shall have delivered to
the Administrative Agent a Pro Forma Compliance Certificate demonstrating that the Loan Parties will be in compliance with the financial covenants set forth in Section 8.11 as of the end of the period of the four fiscal quarters most
recently ended for which 

  
 3 

 
the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to such Acquisition on a Pro Forma Basis, (e) the
representations and warranties made by the Loan Parties in each Loan Document shall be true and correct in all material respects at and as if made as of the date of such Acquisition (after giving effect thereto), (f) if such transaction
involves the purchase of an interest in a partnership between any Loan Party as a general partner and entities unaffiliated with the Borrower as the other partners, such transaction shall be effected by having such equity interest acquired by a
corporate holding company directly or indirectly wholly-owned by such Loan Party newly formed for the sole purpose of effecting such transaction, (g) the Acquisition Consideration for any such Acquisition, or series of related Acquisitions,
shall not exceed $75 million, and (h) the Acquisition Consideration for all such Acquisitions occurring in any period of twelve consecutive months shall not exceed $150 million. 

“Revolving Termination Date” means August 31, 2017. 

“Term Loan Commitment” means, for each Lender, the commitment of such Lender to make a portion of the
Term Loan pursuant to Section 2.01(b), in the principal amount set forth opposite its name on Schedule 2.01; provided that at any time after funding, determinations of “Required Lenders” shall be based on the
Outstanding Amount of the Term Loan. The aggregate principal amount of the Term Loan Commitments on the Amendment No. 1 Effective Date is Two Hundred Two Million Five Hundred Thousand Dollars ($202,500,000). 

2.2. Section 2.01 is amended and restated to read as follows: 

2.01. Loans and Commitments. 
 (a) Revolving Commitments. Subject to the terms and conditions set forth herein, during the Availability Period, each Lender severally agrees to make loans (each such loan a “Revolving
Loan”) to the Borrower in Dollars from time to time; provided that after giving effect to Amendment No. 1, (i) Total Revolving Outstandings shall not exceed TWO HUNDRED FORTY-SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS
($247,500,000) (as such amount may be increased or decreased in accordance with the provisions hereof, the “Aggregate Revolving Committed Amount”), and (ii) such Lender’s Revolving Commitment Percentage of the aggregate
Outstanding Amount of Total Revolving Outstandings shall not exceed such Lender’s Revolving Committed Amount. Revolving Loans may be repaid and reborrowed as provided herein, and may consist of Base Rate Loans, Eurodollar Rate Loans or a
combination thereof, as the Borrower may request. On the Amendment No. 1 Effective Date, the Revolving Commitments and Revolving Obligations will be increased and reallocated as shown on Schedule 2.01, as amended and restated pursuant to
Amendment No. 1. 
 (b) Term Loan. The Lenders made a term loan (the “Term Loan”) of
Two Hundred Million Dollars ($200,000,000) to the Borrower in Dollars on the Closing Date. As of the Amendment No. 1 Effective Date, principal amortization payments of $20,000,000 have been made on the Term Loan and the outstanding principal
balance of the Term Loan immediately prior to the Amendment No. 1 Effective Date is One Hundred Eighty Million Dollars ($180,000,000). On the Amendment No. 1 Effective Date, the Term Loan Commitments shall be increased to Two Hundred Two
Million Five Hundred Thousand Dollars ($202,500,000) and the interests of the Lenders in the Term Loan will be reallocated as shown on Schedule 2.01, as amended and restated pursuant to Amendment No. 1. The Term Loan may consist of Base Rate
Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein. 
 (c) Incremental Loans
and Commitments. The Borrower shall have the 

  
 4 

 
right, upon at least five Business Days’ prior written notice to the Administrative Agent, to increase the Aggregate Revolving Commitments hereunder, establish new or additional incremental
term loan commitments under the Term Loan or establish new or additional term loans hereunder at any time after the Closing Date, subject, however, in any such case, to satisfaction of the following conditions precedent: 

(i) the aggregate amount of all such increases during the term of this Agreement after the Amendment No. 1 Effective
Date shall not exceed $50,000,000; 
 (ii) no Default or Event of Default shall exist immediately before or
immediately after giving effect to such increase on a Pro Forma Basis (assuming for purposes hereof, that the entire amount of Revolving Commitments, as increased, is fully drawn and funded); 

(iii) the establishment of the incremental commitments and the extension of credit thereunder are subject to satisfaction
of the conditions to all Credit Extensions in Section 5.02; 
 (iv) such increase shall be in a
minimum amount of $10 million and integral multiples of $1 million in excess thereof (or such lesser amounts as the Administrative Agent may agree); 
 (v) such increase shall be effective only upon receipt by the Administrative Agent of (x) additional Commitments in a corresponding amount of such requested increase from either existing Lenders
and/or one or more banks and other financial institutions that qualify as Eligible Assignees (it being understood and agreed that no existing Lender shall be required to provide an additional Commitment) and (y) documentation from each bank and
financial institution providing an additional Commitment evidencing its additional Commitment and its obligations under this Agreement in form and substance reasonably acceptable to the Administrative Agent; 

(vi) the Administrative Agent shall have received all documents (including resolutions of the board of directors of the
Borrower and the Guarantors) it may reasonably request relating to the corporate or other necessary authority for such increase and the validity of such increase and any other matters relevant thereto, all in form and substance reasonably
satisfactory to the Administrative Agent; 
 (vii) the Borrower shall have delivered to the Administrative Agent
a Pro Forma Compliance Certificate demonstrating that, upon giving effect to such increase on a Pro Forma Basis, the Loan Parties would be in compliance with the financial covenants set forth in Section 8.11 as of the end of the period
of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) and (b); 

(viii) if any Eurodollar Rate Loans are outstanding at the time of such increase, the Borrower shall prepay such
Eurodollar Rate Loans or convert such Eurodollar Rate Loans to Base Rate Loans (such prepayment or conversion to be subject to Section 3.05) as necessary to give effect to the revised commitment amounts and percentages; 

(ix) if any Loans are outstanding at the time of any such increase in loans or commitments, payments and adjustments will
be made among the Lenders as necessary to give effect to the revised commitment amounts and percentages; 

  
 5 

 (x) in the case of an increase in the amount of the Term Loan or another
term loan established hereunder after the first principal amortization payment date, adjustments will be made to the schedule of amortization payment, as appropriate, to give effect thereto such that payments of principal, interest and other amounts
will be made on the same basis as for the underlying term loan and the principal amortization payments made to the holders of the existing underlying term loan will be not less than that which was payable prior to giving effect to the incremental
term loan; 
 (xi) any term loan established hereunder will have a final maturity date that is coterminous with
or later than the final maturity date for the Term Loan and an average life-to-maturity on the date of issuance longer than the average life-to-maturity for the Term Loan; 

(xii) any new Lender providing loans and commitments must be reasonably acceptable to the L/C Issuer and the Swing Line
Lender; and 
 (xiii) lenders providing loans and commitments for such increase in the Aggregate Revolving
Commitments will provide a Lender Joinder Agreement and such other agreements reasonably acceptable to the Administrative Agent. 

In connection with establishment of any such incremental loans or commitments hereunder, (1) none of the Lenders or their affiliates
shall have any obligation to provide any of the incremental loans or commitments without their prior written approval, (2) neither the Administrative Agent nor any of the Arrangers shall have any responsibility for arranging the incremental
loans or commitments without their prior written consent and subject to such conditions, including fee arrangements, as they may provide in connection therewith and (3) Schedule 2.01 will be deemed to be revised to reflect the Lenders,
loans, commitments and pro rata shares or percentages after giving effect to establishment thereof. 
 2.3. In
Section 2.07(c) (Repayment of Loans – Term Loan), the amortization schedule is amended to read as shown on Schedule 2.07(c). 
 2.4. In Section 8.03 (Indebtedness), subsection (i) is amended to read as follows: 
 (i) unsecured Indebtedness for borrowed money of the Borrower in an aggregate principal amount not to exceed $150 million, provided that (i) no Default or Event of Default shall exist immediately
before or immediately after giving effect thereto on a Pro Forma Basis, (ii) the Borrower shall deliver a certificate from a Responsible Officer in form and detail reasonably satisfactory to the Administrative Agent confirming the foregoing and
demonstrating compliance with the financial covenants after giving effect thereto on a Pro Forma Basis, and (iii) the covenants, terms and conditions of such Indebtedness shall not be more restrictive, in any material respect, than the
covenants, terms and conditions hereunder; 
 2.5. In Section 8.06 (Restricted Payments), subsection
(c) is amended to read as follows: 
 (c) the Borrower may declare and make other Restricted Payments;
provided that (i) no Default or Event of Default shall exist immediately before or immediately after giving effect thereto on a Pro Forma Basis, (ii) the Borrower shall deliver a certificate from a

  
 6 

 
Responsible Officer in form and detail reasonably satisfactory to the Administrative Agent confirming the foregoing and demonstrating compliance with the financial covenants after giving effect
thereto on a Pro Forma Basis, and (iii) the aggregate amount of such Restricted Payments shall not exceed an amount equal to the sum of (A) $50,000,000 plus (B) 50% of cumulative Consolidated Net Income from the Closing Date, plus
(C) 50% of the Net Cash Proceeds from any Equity Issuances. 
 2.6. Section 8.11(b) (Financial
Covenants – Consolidated Leverage Ratio) is amended to read as follows: 
 (b) Consolidated Leverage
Ratio. As of the end of each fiscal quarter, the Consolidated Leverage Ratio will be not greater than: 
  

									
	 	  	Fiscal Quarters
	Fiscal Years	  	March 31	  	June 30	  	September 30	  	December 31
	 2012
	  	—	  	3.00:1.0	  	3.00:1.0	  	3.00:1.0
	 2013
	  	3.25:1.0	  	3.00:1.0	  	3.00:1.0	  	3.00:1.0
	 2014
	  	3.25:1.0	  	3.00:1.0	  	3.00:1.0	  	2.75:1.0
	 2015 and after
	  	3.00:1.0	  	2.75:1.0	  	2.75:1.0	  	2.75:1.0

 Section 3. Representations and Warranties, No Default. Each of the Loan Parties hereby represents
and warrants that as of the Amendment No. 1 Effective Date, after giving effect to the amendments set forth in this Amendment, (i) no Default or Event of Default exists and is continuing, (ii) all representations and warranties
contained in the Credit Agreement are true and correct in all material respects on and as of the date hereof, as though made on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they were true and correct in all material respects as of such earlier date, (iii) since the date of the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31,
2011, and the related consolidated statements of income or operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries for such fiscal year, including the notes thereto, there has been no event or circumstance that has
had or would reasonably be expected to have a Material Adverse Effect, and (iv) each of the updated disclosure schedules to the Credit Agreement, attached hereto as Exhibit A, are true and correct in all material respects on and as of the
Amendment No. 1 Effective Date. 
 Section 4. Effectiveness. Section 1 of this Amendment shall become
effective on the date (such date, if any, the “Amendment No. 1 Effective Date”) that the following conditions have been satisfied: 
 (i) Consents. The Administrative Agent shall have received (a) signed consents to this Amendment from the Lenders, and (b) executed signature pages hereto from each Loan Party;

 (ii) Fees. The Administrative Agent shall have received all fees required to be paid, and all expenses
(including the reasonable fees and expenses of legal counsel), on or before the Amendment No. 1 Effective Date; 
 (iii) Legal Opinions. The Administrative Agent shall have received a favorable legal opinion from Barnes & Thornburg, LLP, counsel to the Loan Parties, covering such matters as the
Administrative Agent may reasonably request and otherwise reasonably satisfactory to the Administrative Agent; 

  
 7 

 (iv) Officer’s Certificate. The Administrative Agent shall have
received a certificate of a Responsible Officer of the Borrower dated the Amendment No. 1 Effective Date certifying that (a) all representations and warranties shall be true and correct in all material respects on and as of the Amendment
No. 1 Effective Date (although any representations and warranties which expressly relate to a given date or period shall be required to be true and correct in all material respects as of the respective date or for the respective period, as the
case may be), before and after giving effect to the Borrowing and to the application of the proceeds therefrom, as though made on and as of such date and (b) no Default or Event of Default shall have occurred and be continuing and
(c) since the date of the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2011, and the related consolidated statements of income or operations, shareholders’ equity and
cash flows of the Borrower and its Subsidiaries for such fiscal year, including the notes thereto, there has been no event or circumstance that has had or would reasonably be expected to have a Material Adverse Effect; and 

(v) Closing Certificates. The Administrative Agent shall have received from the Loan Parties certified copies of
resolutions and Organization Documents, or “no change” certifications from the deliveries made on the Closing Date, and updated incumbency certificates and specimen signatures, as appropriate. 

Section 5. Lender Joinder. 
 5.1. Each of the Lenders identified on the signature pages hereto as a “New Lender” (a) represents and warrants that it is either a commercial lender, other financial institution or other
“accredited” investor (as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended) that makes or acquires loans in the ordinary course of business and that it will make or acquire the Loans for its
own account in the ordinary course of business; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 7.01 thereof and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (c) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (d) appoints and authorizes the Administrative Agent to take such action as
agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto;
(e) agrees that, as of the date hereof, such Lender shall (i) be a party to the Credit Agreement and the other Loan Documents to which Lenders are a party, (ii) be a “Lender” for all purposes of the Credit Agreement and the
other Loan Documents, (iii) perform all of the obligations that, by the terms of the Credit Agreement, are required to be performed by it as a “Lender” under the Credit Agreement, (iv) shall have the rights and obligations of a
Lender under the Credit Agreement and the other Loan Documents, and (v) ratifies and approves all acts previously taken by the Collateral Agent on such Lender’s behalf; and (f) agrees to waive the borrowing notice provisions of
Section 2.02(a) of the Credit Agreement with respect to the advances made by it on the date hereof. 

5.2. The Borrower and each of the Guarantors agrees that, as of the date hereof, each of the Lenders identified on the
signature pages hereto as a “New Lender” shall (a) be a party to the Credit Agreement and the other Loan Documents to which Lenders are a party, (b) be a “Lender” for all purposes of the Credit Agreement and the other
Loan Documents and (c) have the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents. 

  
 8 

 Section 6. Guarantor Acknowledgment. Each Guarantor acknowledges and consents to all
of the terms and conditions of this Amendment, affirms its Guaranteed Obligations under and in respect of the Loan Documents and agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge any
Guarantor’s obligations under the Loan Documents, except as expressly set forth therein. 
 Section 7. Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall
constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

Section 8. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
ILLINOIS. 
 Section 9. Expenses. The Borrower agrees to pay all reasonable costs and expenses of the Administrative
Agent in connection with the preparation, execution and delivery of this Amendment, including the reasonable fees and expenses of Moore & Van Allen PLLC. 
 Section 10. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 

Section 11. Effect of Amendment. Except as expressly set forth herein, (i) this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, any other Agent, the Swing Line Agent or the L/C Issuer, in each case under the Credit Agreement or any other Loan
Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan
Document. Except as expressly set forth herein, each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in
full force and effect. Each Loan Party reaffirms its obligations under the Loan Documents to which it is party and the validity of the Liens granted by it pursuant to the Collateral Documents. This Amendment shall constitute a Loan Document for
purposes of the Credit Agreement and from and after the Amendment No. 1 Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement as amended by this Amendment. Each of the Loan Parties hereby consents to this Amendment and
confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement as amended hereby. 
 [Signature pages follow] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

							
	BORROWER:	  	 HURON CONSULTING GROUP INC.,
 a Delaware corporation
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	
			
	GUARANTORS:	  	 HURON CONSULTING GROUP HOLDINGS LLC,
 a Delaware limited liability company
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	
			
		  	 HURON CONSULTING SERVICES LLC,
 a Delaware limited liability company
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	
			
		  	 HURON MANAGEMENT SERVICES LLC,
 formerly known as WELLSPRING MANAGEMENT SERVICES LLC, a Delaware limited liability company
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	
			
		  	 HURON DEMAND LLC,

a Delaware limited liability company
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	
			
		  	 HURON TECHNOLOGIES INC.,
 a Delaware corporation 
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	

							
		  	 LEGALSOURCE LLC,
 a
Delaware limited liability company
	  	
				
		  	By:	  	 /s/ C. Mark Hussey
	  	
		  	Name:	  	C. Mark Hussey	  	
		  	Title:	  	Executive Vice President, Chief Financial Officer and Treasurer	  	

							
	ADMINISTRATIVE AGENT:	 	 BANK OF AMERICA, N.A.,
 as Administrative Agent and Collateral Agent
	  	
				
		 	By:	  	 /s/ Bozena Janociak
	  	
		 	Name:	  	Bozena Janociak	  	
		 	Title:	  	Assistant Vice President	  	

							
	LENDERS:	 	 BANK OF AMERICA, N.A.,
 as L/C Issuer, Swing Line Lender and Lender
	 	
				
		 	By:	 	 /s/ David Bacon
	 	
		 	Name:	 	David Bacon	 	
		 	Title:	 	SVP	 	
			
		 	 JPMORGAN CHASE BANK, N.A.,
 as Lender
	 	
				
		 	By:	 	 /s/ Joseph W. Lococo
	 	
		 	Name:	 	Joseph W. Lococo	 	
		 	Title:	 	Officer	 	
			
		 	 PNC BANK, NATIONAL ASSOCIATION,
 as Lender
	 	
				
		 	By:	 	 /s/ Jon Hinard
	 	
		 	Name:	 	Jon Hinard	 	
		 	Title:	 	Senior Vice President	 	
			
		 	 BMO HARRIS BANK N.A.,
 as Lender
	 	
				
		 	By:	 	 /s/ Marc Pressler
	 	
		 	Name:	 	Marc Pressler	 	
		 	Title:	 	SVP	 	
			
		 	 KEYBANK NATIONAL ASSOCIATION,
 as Lender
	 	
				
		 	By:	 	 /s/ James A. Gelle
	 	
		 	Name:	 	James A. Gelle	 	
		 	Title:	 	Vice President	 	

							
		  	 FIFTH THIRD BANK,

as Lender
	  	
				
		  	By:	  	 /s/ Brad McDougall
	  	
		  	Name:	  	Brad McDougall	  	
		  	Title:	  	Vice President	  	
			
		  	 THE NORTHERN TRUST COMPANY,
 as Lender
	  	
				
		  	By:	  	 /s/ John Lascody
	  	
		  	Name:	  	John Lascody	  	
		  	Title:	  	Vice President	  	
			
		  	 RBS CITIZENS, N.A.,

as Lender
	  	
				
		  	By:	  	 /s/ R. Michael Newton
	  	
		  	Name:	  	R. Michael Newton	  	
		  	Title:	  	Senior Vice President	  	
			
		  	 THE PRIVATEBANK AND TRUST COMPANY,
 as Lender
	  	
				
		  	By:	  	 /s/ Jim Feldman
	  	
		  	Name:	  	Jim Feldman	  	
		  	Title:	  	Managing Director	  	
			
		  	 FIRSTMERIT BANK, N.A.,
 as Lender
	  	
				
		  	By:	  	 /s/ Tim Daniels
	  	
		  	Name:	  	Tim Daniels	  	
		  	Title:	  	Vice President	  	

							
		  	 NORTHBROOK BANK & TRUST COMPANY,
 as Lender
	  	
				
		  	By:	  	 /s/ Nathan Margol
	  	
		  	Name:	  	Nathan Margol	  	
		  	Title:	  	Senior Vice President	  	
			
		  	 COMPASS BANK,
 as a
New Lender
	  	
				
		  	By:	  	 /s/ Jeff Bork
	  	
		  	Name:	  	Jeff Bork	  	
		  	Title:	  	Senior Vice President	  	
			
		  	 ASSOCIATED BANK, NATIONAL ASSOCIATION,
 as a New Lender
	  	
				
		  	By:	  	 /s/ Adam F. Lutostanski
	  	
		  	Name:	  	Adam F. Lutostanski	  	
		  	Title:	  	SVP	  	
			
		  	 THE HUNTINGTON NATIONAL BANK,
 as a New Lender
	  	
				
		  	By:	  	 /s/ Lori Cummins-Meyer
	  	
		  	Name:	  	Lori Cummins-Meyer	  	
		  	Title:	  	Vice President	  	
			
		  	 U.S. BANK NATIONAL ASSOCIATION,
 as a New Lender
	  	
				
		  	By:	  	 /s/ Stephanie Lis
	  	
		  	Name:	  	Stephanie Lis	  	
		  	Title:	  	Vice President	  	

 Exhibit A 
 Updated Disclosure Schedules 
 Update to Schedule 6.17 - IP Rights 

 Schedule 6.17 
 Trademarks: 
  

							
	 Trademark
	  	 Registration or
 Application Date
	  	 Registration or
Application No.
	  	 Jurisdiction

	ADAMSGRAYSON	  	July 31, 2007	  	3271073	  	United States
	AEOS	  	December 20, 2011	  	85/500182	  	United States
	AG LOGO	  	December 18, 2007	  	3354871	  	United States
	BOOST-IRB	  	May 4, 2010	  	3785598	  	United States
	CAR	  	January 25, 2012	  	85/524563	  	United States
	CLICK	  	April 21, 2011	  	4116232	  	United States
	CLICK COMMERCE	  	December 31, 2002	  	2668475	  	United States
	DELIVERING VALUE | DRIVING RESULTS	  	March 9, 2011	  	4127872	  	United States
	ECRT	  	November 13, 2007	  	3335183	  	United States
	EFACS	  	March 8, 2011	  	4143973	  	United States
	ERCR	  	November 2, 2010	  	3869404	  	United States
	EXPERIENCE. REDEFINED.	  	January 27, 2009	  	3566372	  	United States
	FVM	  	May 7, 2009	  	3958433	  	United States
	GLASS & ASSOCIATES	  	January 21, 2003	  	2676492	  	United States
	GRANTSXPRESS	  	December 12, 2011	  	85/493245	  	United States
	HURON CONSULTING GROUP Logo	  	February 3, 2009	  	3568857	  	United States
	HURON EDUCATION	  	March 8, 2011	  	85/261252	  	United States
	HURON HEALTHCARE	  	June 23, 2011	  	4101995	  	United States
	HURON LEGAL	  	March 22, 2011	  	4127935	  	United States
	HURON LIFE SCIENCES	  	March 8, 2011	  	85/261257	  	United States
	HURON Logo	  	May 18, 2010	  	3789634	  	United States
	ICA	  	March 8, 2011	  	3928873	  	United States
	IMPACT	  	February 3, 2010	  	3948929	  	United States
	LEGALSOURCE	  	August 19, 2003	  	2752542	  	United States
	LEGALSOURCE LEGAL STAFFING SOLUTIONS	  	January 14, 2003	  	2674126	  	United States
	LES	  	August 2, 1994	  	1848333	  	United States
	MOR	  	September 20, 1994	  	1855342	  	United States
	ONTRAC	  	October 23, 2001	  	2499555	  	United States
	PATIENT PROGRESSION	  	March 8, 2005	  	2930834	  	United States
	PATIENTONTRAC	  	August 19, 2008	  	3490156	  	United States

							
	 Trademark
	  	 Registration or
Application Date
	  	Registration or
Application No.	  	Jurisdiction
	PORTFOLIO PROCUREMENT METHODOLOGY	  	July 8, 2008	  	3463180	  	United States
	R3CON	  	December 8, 2010	  	4002028	  	United States
	RAMP	  	July 15, 2008	  	3467414	  	United States
	REVENUE ASCENT	  	March 8, 2011	  	85/261262	  	United States
	SOFTWARE FOR THE BUSINESS OF RESEARCH	  	April 21, 2011	  	4116231	  	United States
	STOCKAMP	  	March 8, 2005	  	2930970	  	United States
	TRAC	  	October 5, 1999	  	2282743	  	United States
	V3LOCITY	  	September 8, 2009	  	3680440	  	United States
	V3LOCITY logo	  	October 21, 2008	  	3519477	  	United States
	WEBRIDGE	  	April 9, 2002	  	2558029	  	United States
	WELLSPRING PARTNERS	  	August 10, 2010	  	3830771	  	United States
	WELLSPRING STOCKAMP HURON HEALTHCARE LOGO	  	March 9, 2010	  	3986679	  	United States
	YOUR MISSION | OUR SOLUTIONS	  	May 13, 2010	  	3988380	  	United States
				
	CLICK COMMERCE	  	July 29, 2010	  	1490588	  	Canada
	HURON CONSULTING	  	August 13, 2010	  	5346042	  	Japan
	HURON CONSULTING GROUP Logo	  	December 17, 2010	  	5377231	  	Japan
	HURON CONSULTING GROUP Logo	  	June 1, 2012	  	10934123	  	CTM
	HURON CONSULTING GROUP	  	December 18, 2003	  	002700763	  	CTM
	HURON CONSULTING GROUP	  	August 13, 2010	  	5346041	  	Japan
	HURON CONSULTING GROUP	  	November 24, 2008	  	104470	  	Jordan
	HURON CONSULTING GROUP	  	November 24, 2008	  	104471	  	Jordan
	HURON CONSULTING GROUP	  	November 24, 2008	  	104772	  	Jordan
	HURON CONSULTING GROUP	  	November 24, 2008	  	104774	  	Jordan

							
	HURON CONSULTING GROUP	  	December 22, 2008	  	55247	  	Qatar
	HURON CONSULTING GROUP	  	December 22, 2008	  	55248	  	Qatar
	HURON CONSULTING GROUP	  	December 22, 2008	  	55249	  	Qatar
	HURON CONSULTING GROUP	  	December 22, 2008	  	55250	  	Qatar
	HURON CONSULTING GROUP Logo	  	June 7, 2012	  	57080/2012	  	Switzerland
	HURON CONSULTING GROUP	  	November 30, 2008	  	123123	  	United Arab Emirates
	HURON CONSULTING GROUP	  	November 30, 2008	  	123124	  	United Arab Emirates
	HURON CONSULTING GROUP	  	November 30, 2008	  	123125	  	United Arab Emirates
	HURON CONSULTING GROUP	  	November 30, 2008	  	123126	  	United Arab Emirates
	HURON CONSULTING GROUP	  	May 17, 2002	  	2300773	  	United Kingdom
	HURON	  	June 1, 2012	  	10934057	  	CTM
	HURON	  	December 18, 2003	  	002700946	  	CTM
	HURON	  	November 24, 2008	  	104124	  	Jordan
	HURON	  	November 24, 2008	  	104125	  	Jordan
	HURON	  	November 24, 2008	  	104126	  	Jordan
	HURON	  	November 24, 2008	  	104127	  	Jordan
	HURON	  	December 22, 2008	  	55243	  	Qatar
	HURON	  	December 22, 2008	  	55244	  	Qatar
	HURON	  	December 22, 2008	  	55245	  	Qatar
	HURON	  	December 22, 2008	  	55246	  	Qatar
	HURON	  	December 28 2009	  	1122/61	  	Saudi Arabia
	HURON	  	October 10, 2009	  	1098/3	  	Saudi Arabia
	HURON	  	October 10, 2009	  	1098/4	  	Saudi Arabia
	HURON	  	October 10, 2009	  	1098/5	  	Saudi Arabia
	HURON	  	June 7, 2012	  	57079/2012	  	Switzerland
	HURON	  	November 30, 2008	  	123119	  	United Arab Emirates
	HURON	  	November 30, 2008	  	123120	  	United Arab Emirates
	HURON	  	November 30, 2008	  	123121	  	United Arab Emirates
	HURON	  	November 30, 2008	  	123122	  	United Arab Emirates
	HURON	  	May 17, 2002	  	2300774	  	United Kingdom
	ICA	  	January 7, 2009	  	006946388	  	CTM

							
	 THE HURON GROUP
	  	May 27, 2009	  	006323273	  	CTM
	 THE HURON GROUP
	  	October 4, 2007	  	1608063	  	India
	 THE HURON GROUP
	  	May 29, 2008	  	896116	  	Mexico
	 THE HURON GROUP
	  	October 16,2008	  	896162	  	Mexico
	 THE HURON GROUP
	  	May 7, 2009	  	896168	  	Mexico
	 THE HURON GROUP
	  	May 29, 2008	  	896170	  	Mexico
	 V3LOCITY
	  	June 11, 2009	  	006382451	  	CTM
	 V3LOCITY
	  	November 12, 2007	  	1620252	  	India
	 V3LOCITY A HURON SOLUTION
	  	January 7, 2009	  	006591978	  	CTM
	 V3LOCITY A HURON SOLUTION
	  	January 24, 2008	  	1645465	  	India

 Copyrights: 
  

							
	 Title
	  	 Status
	  	 Date
	  	 Jurisdiction

				
	 Effort Certification & Reporting Technology (ECRT)
	  	Registered TX0006406659	  	January 27, 2006	  	United States
				
	 ONTRAC Version. 1.5.
	  	Registered TXU000912528	  	September 25, 2009	  	United States
				
	 STAT Worklist – IV: Cleveland
	  	Registered TXU000912533	  	September 25, 2009	  	United States
				
	 Clinic Foundation TRAC Version 2.7
	  	Registered TXU000912527	  	September 25, 2009	  	United States
				
	 ECRT v.3.0.1 - U.S. Copyright
	  	Registered TX0007247956	  	April 6, 2010	  	United States
				
	 Healthcare Compliance Professional’s Guide To Clinical Trials
	  	TX0007411723	  	October 20, 2008	  	United States
				
	 Loss Reserve Model v. 24.0
	  	TXU001577052	  	May 21, 2008	  	United States

 Patents: 

None. 

													
	 Huron Consulting Group Inc.
	  	Schedule 2.01	  		  	
				
	 Amendment No. 1
	  	Schedule of Lenders and Commitments	  		  	

  

																									
	 	 	Before Giving Effect to
the Amendment	 	 	Changes in Revolving Commitments
Pursuant to the Amendment	 	 	After Giving Effect to
the Amendment	 
	 Lenders
	 	Revolving
Commitments	 	 	Percent	 	 	Revolving
Commitments	 	 	Percent	 	 	Revolving
Commitments	 	 	Percent	 
	 Bank of America, N.A.
	 	$	29,785,714.27	  	 	 	19.857142847	% 	 	$	11,464,285.73	  	 	 	11.758241774	% 	 	$	41,250,000.00	  	 	 	16.666666667	% 
	 JPMorgan Chase Bank, N.A.
	 	 	27,857,142.86	  	 	 	18.571428573	% 	 	 	7,892,857.14	  	 	 	8.095238092	% 	 	 	35,750,000.00	  	 	 	14.444444444	% 
	 KeyBank National Association
	 	 	14,357,142.86	  	 	 	9.571428573	% 	 	 	7,642,857.14	  	 	 	7.838827836	% 	 	 	22,000,000.00	  	 	 	8.888888889	% 
	 PNC Bank, National Association
	 	 	14,357,142.86	  	 	 	9.571428573	% 	 	 	7,642,857.14	  	 	 	7.838827836	% 	 	 	22,000,000.00	  	 	 	8.888888889	% 
	 BMO Harris Bank N.A.
	 	 	14,357,142.86	  	 	 	9.571428573	% 	 	 	4,892,857.14	  	 	 	5.018315015	% 	 	 	19,250,000.00	  	 	 	7.777777778	% 
	 Fifth Third Bank
	 	 	12,857,142.86	  	 	 	8.571428573	% 	 	 	6,392,857.14	  	 	 	6.556776554	% 	 	 	19,250,000.00	  	 	 	7.777777778	% 
	 RBS Citizens, N.A.
	 	 	8,571,428.57	  	 	 	5.714285713	% 	 	 	7,928,571.43	  	 	 	8.131868133	% 	 	 	16,500,000.00	  	 	 	6.666666667	% 
	 Compass Bank
	 				 				 	 	11,000,000.00	  	 	 	11.282051282	% 	 	 	11,000,000.00	  	 	 	4.444444444	% 
	 The Northern Trust Company
	 	 	8,571,428.57	  	 	 	5.714285713	% 	 	 	2,428,571.43	  	 	 	2.490842492	% 	 	 	11,000,000.00	  	 	 	4.444444444	% 
	 Associated Bank, National Association
	 				 				 	 	8,250,000.00	  	 	 	8.461538462	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
	 FirstMerit Bank, N.A.
	 	 	6,428,571.43	  	 	 	4.285714287	% 	 	 	1,821,428.57	  	 	 	1.868131867	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
	 The Huntington National Bank
	 				 				 	 	8,250,000.00	  	 	 	8.461538462	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
	 The Private Bank and Trust Company
	 	 	6,428,571.43	  	 	 	4.285714287	% 	 	 	1,821,428.57	  	 	 	1.868131867	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
	 U.S. Bank National Association
	 				 				 	 	8,250,000.00	  	 	 	8.461538462	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
	 Northbrook Bank & Trust Company
	 	 	6,428,571.43	  	 	 	4.285714287	% 	 	 	1,821,428.57	  	 	 	1.868131867	% 	 	 	8,250,000.00	  	 	 	3.333333333	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	$	150,000,000.00	  	 	 	100.000000000	% 	 	$	97,500,000.00	  	 	 	100.000000000	% 	 	$	247,500,000.00	  	 	 	100.000000000	% 

																									
	Huron Consulting Group Inc.	  	 	 	  	Schedule 2.01	 	 	 	 	  	 	 
					
	Amendment No. 1	  	 	 	  	Schedule of Lenders and Commitments	 	 	 	 	  	 	 
				
	 	  	Before Giving Effect to	 	 	Changes in Term Loans	 	 	After Giving Effect to	 
	 	  	the Amendment	 	 	Pursuant to the Amendment	 	 	the Amendment	 
	 Lenders
	  	Term Loan	 	  	Percent	 	 	Term Loan	 	 	Percent	 	 	Term Loan	 	  	Percent	 
	 Bank of America, N.A.
	  	$	35,742,857.12	  	  	 	19.857142847	% 	 	$	(1,992,857.12	) 	 	 	-8.857142773	% 	 	$	33,750,000.00	  	  	 	16.666666667	% 
	 JPMorgan Chase Bank, N.A.
	  	 	33,428,571.43	  	  	 	18.571428573	% 	 	 	(4,178,571.43	) 	 	 	-18.571428587	% 	 	 	29,250,000.00	  	  	 	14.444444444	% 
	 KeyBank National Association
	  	 	17,228,571.43	  	  	 	9.571428573	% 	 	 	771,428.57	  	 	 	3.428571413	% 	 	 	18,000,000.00	  	  	 	8.888888889	% 
	 PNC Bank, National Association
	  	 	17,228,571.43	  	  	 	9.571428573	% 	 	 	771,428.57	  	 	 	3.428571413	% 	 	 	18,000,000.00	  	  	 	8.888888889	% 
	 BMO Harris Bank N.A.
	  	 	17,228,571.43	  	  	 	9.571428573	% 	 	 	(1,478,571.43	) 	 	 	-6.571428587	% 	 	 	15,750,000.00	  	  	 	7.777777778	% 
	 Fifth Third Bank
	  	 	15,428,571.43	  	  	 	8.571428573	% 	 	 	321,428.57	  	 	 	1.428571413	% 	 	 	15,750,000.00	  	  	 	7.777777778	% 
	 RBS Citizens, N.A.
	  	 	10,285,714.28	  	  	 	5.714285713	% 	 	 	3,214,285.72	  	 	 	14.285714293	% 	 	 	13,500,000.00	  	  	 	6.666666667	% 
	 Compass Bank
	  				  				 	 	9,000,000.00	  	 	 	40.000000000	% 	 	 	9,000,000.00	  	  	 	4.444444444	% 
	 The Northern Trust Company
	  	 	10,285,714.28	  	  	 	5.714285713	% 	 	 	(1,285,714.28	) 	 	 	-5.714285707	% 	 	 	9,000,000.00	  	  	 	4.444444444	% 
	 Associated Bank, National Association
	  				  				 	 	6,750,000.00	  	 	 	30.000000000	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
	 FirstMerit Bank, N.A.
	  	 	7,714,285.72	  	  	 	4.285714287	% 	 	 	(964,285.72	) 	 	 	-4.285714293	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
	 The Huntington National Bank
	  				  				 	 	6,750,000.00	  	 	 	30.000000000	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
	 The Private Bank and Trust Company
	  	 	7,714,285.72	  	  	 	4.285714287	% 	 	 	(964,285.72	) 	 	 	-4.285714293	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
	 U.S. Bank National Association
	  				  				 	 	6,750,000.00	  	 	 	30.000000000	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
	 Northbrook Bank & Trust Company
	  	 	7,714,285.72	  	  	 	4.285714287	% 	 	 	(964,285.72	) 	 	 	-4.285714293	% 	 	 	6,750,000.00	  	  	 	3.333333333	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 
		  	$	180,000,000.00	  	  	 	100.000000000	% 	 	$	22,500,000.00	  	 	 	100.000000000	% 	 	$	202,500,000.00	  	  	 	100.000000000	% 

 Huron Consulting Group Inc. 
 Amendment No. 1 
 Schedule 2.07(c) 
 Schedule of Principal Amortization Payments for the Term Loan 
 After Giving Effect to Amendment
No. 1 
  

															
	 	  	 Payment Date
	  	Payment Amount	 	  	Percent	 	 	Term Loan
Balance	 
		  		  				  				 	$	202,500,000.00	  
	1	  	30-Sep-12	  	$	5,000,000.00	  	  	 	2.469135802	% 	 	 	197,500,000.00	  
	2	  	31-Dec-12	  	$	5,000,000.00	  	  	 	2.469135802	% 	 	 	192,500,000.00	  
	3	  	31-Mar-13	  	$	5,000,000.00	  	  	 	2.469135802	% 	 	 	187,500,000.00	  
	4	  	30-Jun-13	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	181,250,000.00	  
	5	  	30-Sep-13	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	175,000,000.00	  
	6	  	31-Dec-13	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	168,750,000.00	  
	7	  	31-Mar-14	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	162,500,000.00	  
	8	  	30-Jun-14	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	156,250,000.00	  
	9	  	30-Sep-14	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	150,000,000.00	  
	10	  	31-Dec-14	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	143,750,000.00	  
	11	  	31-Mar-15	  	$	6,250,000.00	  	  	 	3.086419753	% 	 	 	137,500,000.00	  
	12	  	30-Jun-15	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	130,000,000.00	  
	13	  	30-Sep-15	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	122,500,000.00	  
	14	  	31-Dec-15	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	115,000,000.00	  
	15	  	31-Mar-16	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	107,500,000.00	  
	16	  	30-Jun-16	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	100,000,000.00	  
	17	  	30-Sep-16	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	92,500,000.00	  
	18	  	31-Dec-16	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	85,000,000.00	  
	19	  	31-Mar-17	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	77,500,000.00	  
	20	  	30-Jun-17	  	$	7,500,000.00	  	  	 	3.703703704	% 	 	 	70,000,000.00	  
	21	  	Maturity Date*	  	$	70,000,000.00	  	  	 	34.567901235	% 	 	 	—  	  
		  		  	  
	  
	 	  	  
	  
	 	 			
		  		  	$	202,500,000.00	  	  	 	100.000000000	% 	 			

  

	*	August 31, 2017

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}]]