Document:

Amendment No. 13 to Receivables Sale Agreement

 Exhibit 10.8 
 THIRTEENTH AMENDMENT 
 Dated as of January 26, 2007

 to 
 RECEIVABLES SALE AGREEMENT 
 DATED AS
OF DECEMBER 21, 2001 
 THIS THIRTEENTH AMENDMENT (the
“Amendment”), dated as of January 26, 2007, is entered into among PerkinElmer Receivables Company, as Seller (the “Seller”), PerkinElmer, Inc., as Initial Collection Agent (the “Initial Collection
Agent,” and together with any successor thereto, the “Collection Agent”), the committed purchasers party thereto (the “Committed Purchasers”), Windmill Funding Corporation (“Windmill” and
together with the Committed Purchasers, the “Purchaser”), and ABN AMRO Bank N.V., as agent for the Purchasers (the “Agent”). 
 WITNESSETH: 
 WHEREAS, the Seller, the Initial Collection Agent, the
Agent, the Committed Purchasers and Windmill have heretofore executed and delivered a Receivables Sale Agreement, dated as of December 21, 2001 (as amended, supplemented or otherwise modified through the date hereof, the “Sale
Agreement”), 
 WHEREAS, the parties hereto desire to amend the Sale Agreement as provided herein; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereto hereby agree that the Sale Agreement shall be and is hereby amended as follows: 
 Section 1. Upon execution by the
parties hereto in the space provided for that purpose below, the Sale Agreement shall be, and is hereby, amended as follows: 
 (a) The defined term “Defaulted Receivable” appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: 
 “Defaulted Receivable” means any Receivable (a) on which amount is unpaid between 91-120 days past its original due
date or (b) the Obligor on which has suffered a Bankruptcy Event. 
 (b) The defined term “Dilution Reserve
Multiple” appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: 
 “Dilution Reserve Multiple” shall mean 3.0x. 
 (c) The defined term
“Liquidity Termination Date” appearing in Schedule I to the Sale Agreement is hereby amended by deleting the date “January 26, 2007” appearing in clause (d) thereof and inserting in its place the date
“January 25, 2008.” 
 (d) Clause (f) of the defined term “Termination Event”
appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: 
 (f) the average Delinquency Ratio for the three most recent Settlement Periods exceeds 10%, the average Default Ratio for the three most recent Settlement 
  

 1 

 Periods exceeds 6%, the average Dilution Ratio for the three most recent Settlement Periods exceeds 6%,
the Charge-Off Ratio for the most recent Settlement Period exceeds 2% or the average Turnover Ratio for the three most recent Settlement Periods exceeds 90 days; or 
 Section 2. This Amendment shall become effective only once the Agent has received (i) this Amendment duly executed by the Seller, the Initial Collection Agent, and the Purchasers and (ii) the
duly executed Guarantor’s Acknowledgment and Consent. 
 Section 3. To induce the Agent and the Purchasers to enter into
this Amendment, the Seller and Initial Collection Agent represent and warrant to the Agent and the Purchasers that: (a) the representations and warranties contained in the Transaction Documents, are true and correct in all material respects as
of the date hereof with the same effect as though made on the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material
respects only as of such specified date); (b) no Potential Termination Event exists; (c) this Amendment has been duly authorized by all necessary corporate proceedings and duly executed and delivered by each of the Seller and the Initial
Collection Agent, and the Sale Agreement, as amended by this Amendment, and each of the other Transaction Documents are the legal, valid and binding obligations of the Seller and the Initial Collection Agent, enforceable against the Seller and the
Initial Collection Agent in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’ rights or by general
principles of equity; and (d) no consent, approval, authorization, order, registration or qualification with any governmental authority is required for, and in the absence of which would adversely effect, the legal and valid execution and
delivery or performance by the Seller or the Initial Collection Agent of this Amendment or the performance by the Seller or the Initial Collection Agent of the Sale Agreement, as amended by this Amendment, or any other Transaction Document to which
they are a party. 
 Section 4. This Amendment may be executed in any number of counterparts and by the different parties on
separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. 
 Section 5. The Seller hereby agrees to pay to the Agent on the date hereof all reasonable rating agency, accounting and other administrative expenses of the Agent and the Committed Purchasers in each case
in connection with the transactions contemplated by this Amendment and the legal fees of Chapman and Cutler LLP in the aggregate amount of $4,000.00. 
 Section 6. Except as specifically provided above, the Sale Agreement and the other Transaction Documents shall remain in full force and effect and are hereby ratified and confirmed in all respects. The
execution, delivery, and effectiveness of this Amendment shall not operate as a waiver of any right, power, or remedy of any Agent or any Purchaser under the Sale Agreement or any of the other Transaction Documents, nor constitute a waiver or
modification of any provision of any of the other Transaction Documents. All defined terms used herein and not defined herein shall have the same meaning herein as in the Sale Agreement. The Seller agrees to pay on demand all costs and expenses
(including reasonable fees and expenses of counsel) of or incurred by the Agent and each Purchaser Agent in connection with the negotiation, preparation, execution and delivery of this Amendment and the other documents related hereto. 
 Section 7. This Amendment and the rights and obligations of the parties hereunder shall be construed in accordance with and be governed by
the law of the State of Illinois. 
  

 2 

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

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

		
	By:	 	 /s/ Kristina Nevillo

	Title:	 	 Vice President

		
	By:	 	 /s/ David J. Donofrio

		 	 Director

  

			
	 WINDMILL FUNDING CORPORATION

		
	By:	 	 /s/ Bernard J. Angelo

	Title:	 	 Vice President

  

			
	 PERKINELMER RECEIVABLES COMPANY

		
	By:	 	 /s/ Steven Delahunt

	Title:	 	 Assistant Treasurer

  

			
	 PERKINELMER, INC.

		
	By:	 	 /s/ Steven Delahunt

	Title:	 	 Assistant Treasurer

 Signature Page to 
 Thirteenth Amendment to Receivables Sale Agreement 

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

			
	 PERKINELMER, INC.

		
	By:	 	 /s/ Jeffrey D. Capello

	Title:	 	 Senior Vice President
 and Chief Financial
OfficerForm of Stock Option Agreement

 Exhibit 10.23 
 2005 Incentive Plan Nonstatutory Stock Option Agreement 
 Non-Employee Director 
 We are pleased to inform you that you have been granted an option to purchase common stock of PerkinElmer, Inc. (“PerkinElmer”). 
 This agreement evidences the grant by PerkinElmer on [GRANT DATE] (the “Date of Grant”) to [NAME OF DIRECTOR] (“You” or the
“Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2005 Incentive Plan (the “Plan”), a total of [NUMBER] shares of common stock of the Company at
$[EXERCISE PRICE] per share. Unless earlier terminated, this option shall expire at 5:00 pm Eastern time on [EXPIRATION DATE] (the “Last Date to Exercise”). 
 Your grant has been made under the Plan which, together with the terms contained herein, establish the terms and conditions of your grant (the “Agreement”). The terms of the Plan are incorporated herein by
reference. A copy of the Plan has been furnished to you electronically and is accessible along with this Agreement. Please review the Plan carefully. 
 Vesting: 
 Options will vest equally over a three (3) year period (1/3 on each of the first, second and third anniversaries of the Date
of Grant) and will have a seven (7) year term. Your option will also vest in connection with a Change in Control Event as described below. 
 Exercise: 
 You may exercise this option, in whole or in part, to purchase a whole number of vested shares at any time, by following the
exercise procedures set up by the Company. All exercises must take place by the Last Date to Exercise or such earlier date as is set forth below following your death, disability or your ceasing to be an employee. The number of shares you may
purchase as of any date cannot exceed the total number of shares vested by that date less any shares you have previously acquired by exercising this option. 
 Service Requirements: 
 In the event of your cessation of service as a director, the following terms apply:

  

	•	 	 If your service as a director ceases for reasons other than retirement (as defined below), death, or total disability, you will be able to exercise your stock
options that are vested as of your last day of service as a director through the earlier of the option’s Last Date to Exercise or three (3) months from your last day of service as a director. All unvested stock options will be cancelled.

  

	•	 	 If you terminate your service as a director after attainment of age 55 and you have had 10 years of service as a director at the time of your termination of
service, your options will become 100% vested and you will be able to exercise your vested stock options the earlier of the option’s Last Date to Exercise or three (3) years from the effective date of termination.

  

	•	 	 If your service as a director is terminated due to your death or total disability, your unvested options become 100% vested. You, in the event of your total
disability, or your estate, in the event of your death, have until the earlier of the option’s Last Date to Exercise or one (1) year after your last day of service as a director to exercise your options. 

 The option may be transferred to your child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing your household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the
beneficial interest, a foundation in which these persons (or you) control the management of assets, any other entity in which these persons (or you) own more than fifty percent of the voting interests. The transferee shall be subject to all the
terms and conditions applicable to this option prior to the transfer. The transfer shall not be effective until you have notified the Company in writing that the transfer has occurred. Except as provided herein, this option shall not be assignable
or transferable by the person to whom it is granted, either voluntarily or by operation of law, except by will or by the laws of descent and distribution, and, during the life of the optionee, shall be exercisable only by the optionee. 

 

 1 

 Taxes and Withholding: 
 This option is intended to be a nonstatutory stock option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from
this grant, the Company shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company. 
 Consequences of a Change in Control: 
 If there is a Change in Control Event (regardless of whether such event also constitutes a
Reorganization Event (as defined in the Plan) and you were a non-employee director of the Company immediately prior to the consummation of such Change in Control Event, your unvested stock options become 100% vested immediately prior to such Change
in Control Event. 
 For purposes of this Agreement: 
 A “Change in Control Event” means an event or occurrence set forth in any one or more of clauses (i) through (iv) below (including an event or occurrence that constitutes a Change in Control Event
under one of such clauses, but is specifically exempted from another such clause): 
  

	 	(i)	the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), (a “Person”) of beneficial ownership of any capital stock of PerkinElmer if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 20% or more of either
(A) the then-outstanding shares of common stock of PerkinElmer (the “Outstanding PerkinElmer Common Stock”) or (B) the combined voting power of the then-outstanding securities of PerkinElmer entitled to vote generally in the
election of directors (the “Outstanding PerkinElmer Voting Securities”); provided, however, that for purposes of this paragraph (i), none of the following acquisitions of Outstanding PerkinElmer Common Stock or Outstanding PerkinElmer
Voting Securities shall constitute a Change in Control Event: (I) any acquisition directly from PerkinElmer (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or
exchangeable for common stock or voting securities of PerkinElmer, unless the Person exercising, converting or exchanging such security acquired such security directly from PerkinElmer or an underwriter or agent of PerkinElmer), (II) any acquisition
by PerkinElmer, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PerkinElmer or any corporation controlled by PerkinElmer, or (IV) any acquisition by any corporation pursuant to a transaction which
complies with subclauses (A) and (B) of clause (iii) of this definition; or 

  

	 	(ii)	such time as directors who are Continuing Directors (as defined below) do not constitute a majority of the Board (or, if applicable, the Board of Directors of a successor
corporation to PerkinElmer), where the term “Continuing Director” means at any date a member of the Board (A) who was a member of the Board on the grant date of your option or (B) who was nominated or elected subsequent to such
date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election, or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors
at the time of such nomination or election; provided, however, that there shall be excluded from this clause (B) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to
the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or 

  

	 	(iii)	the consummation of a merger, consolidation, reorganization, recapitalization or statutory share exchange involving PerkinElmer or a sale or other disposition of all or
substantially all of the assets of PerkinElmer (a “Business Combination”), unless, immediately following such Business Combination, each of the following two conditions is satisfied: (A) all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding PerkinElmer Common Stock and Outstanding PerkinElmer Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common stock and the combined voting power of the then outstanding securities entitled to vote generally in the election of directors, respectively, of the surviving, resulting or acquiring 

  

 2 

	 	corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns PerkinElmer or substantially all of
PerkinElmer’s assets either directly or through one or more other entities) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership,
immediately prior to such Business Combination, of the Outstanding PerkinElmer Common Stock and Outstanding PerkinElmer Voting Securities, respectively; and (B) no Person beneficially owns, directly or indirectly, 20% or more of the
then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such
ownership existed prior to the Business Combination); or 

  

	 	(iv)	approval by the stockholders of PerkinElmer of a complete liquidation or dissolution of PerkinElmer. 

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]