Document:

EX-10.8(b)

 Exhibit 10.8(b) 

 
 

 
  

	Date:	      October 11, 2012 

  

	To:	        Stan Haas 

  

	From:	      Paul Dumas 

  

	CC:	        Karen Grafje 

  

	Re:	        International Assignment 

 CONFIDENTIAL 
 The following outlines your compensation package coinciding with your
position with VWR International in Shanghai, China. 
  

			
	Effective Date:	  	January 1, 2013
		
	Position:	  	SVP & President, Asia Pacific
		
	Salary:	  	Effective January 1, 2013, your base salary will be $330,000 per year, payable in installments on VWR’s regular payroll dates in the U.S. You will continue to be eligible
for an annual salary review as applicable per VWR’s normal process.
		
	Annual Bonus:	  	You will continue to be eligible to participate in VWR’s Management Incentive Plan (“MIP”) with a target bonus potential of 75% of eligible earnings. The metrics
for this plan will be communicated in the first quarter of 2013.
		
	Length of Assignment:	  	We expect the term of your assignment to be for 24 months with the option to extend if mutually agreed to.
		
	Housing/Utility Allowance:	  	 The host housing/utilities allowance is designed to provide an amount necessary to obtain rental housing in the Host Country. You are
responsible for your home country housing situation (rent it, sell it, leave it empty, etc.). The housing allowance is set based on salary level, family size and the local real estate market. VWR will bear the cost of your host housing expense up to
an established limit. This cap has been set at 79,000 RMB (based upon the current exchange rate, approximately 12,600 USD) per month. It is understood that if you exceed this limit, the excess becomes your responsibility. VWR agrees to begin payment
of the housing lease agreement, effective December 1, 2012
  
 Our intent is
to execute the lease on your behalf and make your housing payments directly to your landlord for the duration of your assignment.
  

Should VWR terminate your assignment prior to the end of your lease, VWR will be responsible for any cancellation fees.

		
	Automobile:	  	The company will provide you with a car and driver while in country.

			
	Goods & Services Differential:	  	You are eligible to receive a goods and services differential to account for the difference in the cost of living between the US and China. This differential is based on your
income level and family size and is paid monthly. This amount will be determined at the end of December and then will be reviewed twice annually and may be adjusted up or down based on changes in the exchange rates and inflation.
		
	Relocation Expense:	  	 VWR will handle the shipment of one 20 foot container for your personal household goods and support your transition from your home
country to your host country location. VWR will handle the shipment of one 40 foot container for your personal household goods and support your transition from your host country location back to your home country, at the conclusion of your
assignment.
  
 In addition to the direct moving expenses, you are eligible
for a one time a settling-in allowance to cover incidental expenses. This gross amount is equal to $20,000 USD.

		
	Benefits:	  	You will remain on VWR’s US payroll and will be provided Social Security contributions under the same terms and conditions as any other employee working in the US. VWR will
provide you with Global Benefits coverage through Aetna while on assignment. Details of this program will be provided to you separately.
		
	Tuition:	  	For the duration of your assignment, VWR will pay the direct costs for formal schooling for your children.
		
	Cultural Training:	  	VWR will offer you and your spouse Cultural Awareness Training as part of the Asian Welcome program.
		
	Home Leave:	  	VWR will provide business class airfare for you and your family for travel between Shanghai and the United States, twice annually for home leave travel. The maximum reimbursement
for home travel is $78,000 USD per year.
		
	Taxes:	  	We will equalize taxes for you so that you do not gain or lose with respect to your tax situation and engage our accounting firm to prepare your taxes, which includes preparation
of both US and China tax returns for the year in which you repatriate to the U.S. Our accounting firm will advise on issues related to the transfer.
		
	End of Assignment:	  	VWR will relocate you back to the US under the terms of the VWR Relocation Policy, barring any gross misconduct on your part. As part of the repatriation process, VWR will
consider and make available to you any and all potential opportunities for you to continue with VWR. Should VWR not have a comparable position at the time of your repatriation, the company will provide you with severance, according to the terms of
your agreement in effect at the time of your repatriation.

 The terms of this offer are considered confidential and should only be shared with your family and financial
planner/tax advisor. As with any compensation arrangement, the information contained herein is not to be disclosed. 
 Stan, we believe that
this will be a mutually beneficial assignment for you and VWR. We are excited with the prospect of you leveraging your skills and experiences in this new role and we are pleased to extend this offer to you. 

Sincerely, 
  

							
		 	 /s/ Stanley L. Haas
	  		  	October 12, 2012
		 	Signed and agreed to:	  		  	Date:EX-10.16(b)

 Exhibit 10.16(b) 

EXECUTION VERSION 
 AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 1 TO
RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of December 10, 2012, is among VWR RECEIVABLES FUNDING, LLC, a Delaware limited liability company, as seller (the “Seller”), VWR INTERNATIONAL, LLC, a
Delaware limited liability company (together with its successors and permitted assigns, “VWR”), as servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Servicer”),
PNC BANK, NATIONAL ASSOCIATION, as administrator (in such capacity, together with its successors and assigns in such capacity, the “Administrator”) as issuer of Letters of Credit (in such capacity, together with its successors and
assigns in such capacity, the “LC Bank”), as Related Committed Purchaser (in such capacity, together with its successors and assigns in such capacity, the “Related Committed Purchaser”), and as Purchaser Agent for
the Market Street Purchaser Group (in such capacity, together with its successors and assigns in such capacity, the “Purchaser Agent”), and MARKET STREET FUNDING LLC, as Conduit Purchaser (“Market Street”).

 BACKGROUND 
 WHEREAS, the parties hereto entered into the Receivables Purchase Agreement (the “Receivables Purchase Agreement”) as of November 4, 2011; and 

WHEREAS, the parties hereto wish to amend the Receivables Purchase Agreement to revise certain Termination Events for specified time
periods as more specifically set forth herein; 
 NOW, THEREFORE, for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Definitions.
Capitalized terms used but not defined in this Amendment shall have the meanings assigned to them in the Receivables Purchase Agreement. 
 SECTION 2. Amendments to Receivables Purchase Agreement. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the
Receivables Purchase Agreement is hereby amended as follows: 
 (a) Section (f) of Exhibit V of the
Receivables Purchase Agreement is hereby deleted in its entirety and replaced with the following: 
 (f) (i) the average for
three consecutive Fiscal Months of: (1) other than for the periods described in clause (i)(2) below, (A) the Default Ratio shall exceed 3.0%, (B) the Delinquency Ratio shall exceed 12.75%, or (C) the Dilution Ratio shall exceed
5.0%; and (2) for three consecutive Fiscal Month periods ended November 2012, December 2012, January 2013 and February 2013 (as reported in the Information Packages delivered in December 2012 through March 2013), (A) the
Default Ratio shall exceed 4.0%, (B) the Delinquency Ratio shall exceed 15.0%, or (C) the Dilution Ration shall exceed 5.0%, or (ii) the Days’ Sales Outstanding exceeds 55 days; 

 SECTION 3. Representations and Warranties. Each of the Seller and Servicer hereby
represents and warrants to the Administrator, Purchaser Agent, LC Bank, Related Committed Purchaser and Market Street, as of the date hereof, as follows: 
 (a) the representations and warranties of the Seller and Servicer contained in Exhibit III of the Receivables Purchase Agreement are true and correct in all material respects on and as of the date
hereof as though made on and as of such date (except for representations and warranties which apply as to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date); and 

(b) no event has occurred and is continuing, or would result from this Amendment, that constitutes a Termination Event or
Unmatured Termination Event, as set forth in Exhibit V of the Receivables Purchase Agreement. 
 SECTION 4. Conditions
Precedent. The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent: 

(a) The Administrator shall have received a fully executed counterpart of this Amendment from each of the parties hereto; 

(b) The Administrator shall have received such documents and certificates as the Administrator shall have reasonably requested on or prior
to the date hereof. 
 (c) The Administrator shall have received all fees and other amounts due and payable to it under the
Receivables Purchase Agreement and in connection with this Amendment on or prior to the date hereof, including, to the extent invoiced, payment or reimbursement of all fees and expenses (including fees, charges and disbursements of counsel) required
to be paid or reimbursed on or prior to the date hereof. To the extent such fees and other amounts have not yet been invoiced, the Seller agrees to remit payment to the applicable party promptly upon receipt of such invoice. 

(d) No Termination Event or Unmatured Termination Event, as set forth in Exhibit V of the Receivables Purchase Agreement, shall
have occurred and be continuing. 
 SECTION 5. Amendment. Seller, Servicer, Administrator, Purchaser Agent, LC Bank,
Related Committed Purchaser and Market Street hereby agree that the provisions and effectiveness of this Amendment shall apply to the Receivables Purchase Agreement as of the date hereof. Except as amended by this Amendment, the Receivables Purchase
Agreement remains unchanged and in full force and effect. This Amendment is a Transaction Document. 
 SECTION 6.
Counterparts. This Amendment may be executed by the parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.

 SECTION 7. Captions. The headings of the Sections of this Amendment are for convenience of reference only and shall
not modify, define, expand or limit any of the terms or provisions of this Amendment. 

  
 2 

 SECTION 8. Successors and Assigns. The terms of this Amendment shall be binding upon,
and shall inure to the benefit of, Seller, Servicer, the Administrator, Purchaser Agent, LC Bank, Related Committed Purchaser and Market Street and their respective successors and permitted assigns. 

SECTION 9. Severability. Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. 
 SECTION 10. Governing Law and Jurisdiction. The provisions of the Receivables
Purchase Agreement with respect to governing law, jurisdiction, and agent for service of process are incorporated in this Amendment by reference as if such provisions were set forth herein. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their duly authorized
officers as of the date first above written. 
  

			
	 VWR RECEIVABLES FUNDING, LLC,
as Seller

		
	By:	 	 /s/ James M. Kalinovich

	Name:	 	James M. Kalinovich
	Title:	 	Treasurer

  

					
		  	 S-1
	  	 Amendment No. 1 to RPA
 VWR Receivables Funding, LLC

 
			
	VWR INTERNATIONAL, LLC,
	 as Servicer

		
	By: 	 	 /s/ James M. Kalinovich

	Name:	 	James M. Kalinovich
	Title:	 	Treasurer

  

					
		  	 S-2
	  	 Amendment No. 1 to RPA
 VWR Receivables Funding, LLC

 
			
	PNC BANK, NATIONAL ASSOCIATION,
		 	as Administrator, Purchaser Agent for the Market Street Purchaser Group and Related Committed Purchaser,
		
	By: 	 	 /s/ William P. Falcon

	Name:	 	William P. Falcon
	Title:	 	Vice President

  

					
		  	 S-3
	  	 Amendment No. 1 to RPA
 VWR Receivables Funding, LLC

 
			
	MARKET STREET FUNDING LLC,
		 	as Conduit Purchaser
		
	By: 	 	 /s/ Doris J. Hearn

	Name:	 	Doris J. Hearn
	Title:	 	Vice President

  

					
		  	 S-4
	  	 Amendment No. 1 to RPA
 VWR Receivables Funding, LLC

 
			
	PNC BANK, NATIONAL ASSOCIATION,
		 	as the LC Bank
		
	By: 	 	 /s/ Mark S. Falcione

	Name:	 	Mark S. Falcione
	Title:	 	Senior Vice President

  

					
		  	 S-5
	  	 Amendment No. 1 to RPA
 VWR Receivables Funding, LLC

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