Document:

exh10-11.htm

Exhibit 10.11

Letter Agreement with Agreed Deviations to the GTCP

This Letter Agreement with Agreed Deviations to the GTCP is entered into by and between:

(1) Danone Trading B.V., having its registered office at WTC Schiphol Airport, Tower E, Schiphol Boulevard 105, 1118 BG Schiphol Airport, acting in its capacity as central buying function for any Affiliate of Danone of the Baby Nutrition and/or Medical Nutrition divisions, on the understanding that “Affiliate of Danone” means any company in which Danone holds directly or indirectly at least 50% of the share capital or voting rights (“DTBV”)

and

(2) MCorp Consulting, having its registered office at 251 Sir Francis Drake Blvd, San Anselmo, CA 94960, United States (“Seller”).

DTBV and Seller (“the Parties”) agree that Danone Trading BV. - General Terms and Conditions for Goods and Services, January 2010 version (“GTC”) shall govern their current and future business relations save as varied by the terms of this Letter Agreement as follows.

 

ARTICLE 6 – Prices, Fees, Costs and Payment

At the end of Article 6.4 the following new sentence is added:

“By way of exception to the aforegoing sentence and only in relation to the Touchpoint Mapping project, DTBV shall pay the first invoice in relation to the Touchpoint Mapping project within 30 (thirty) days calendar days after the end of the month + 2 (two) business days and all subsequent invoices in relation the Touchpoint Mapping project within 60 (sixty) calendar days after the end of the month + 2 (two) business days in which the invoice was received.”

Except as expressly provided otherwise in this Letter Agreement, all terms of the “DTBV and Seller (“the Parties”) agree that Danone Trading BV. - General Terms and Conditions for Goods and Services, January 2010 version (“GTC”) shall remain in full force and effect.

This Letter Agreement is made effective as of 17 April 2012.

	
Danone Trading B.V.

	
MCorp Consulting

	  	  
	  	  
	
MARIUSZ BORAWSKI

	
MICHAEL HINSHAW

	  	  	  	  
	
Name:

	
Mariusz Borawski

	
Name:

	
Michael Hinshaw

	
Title:

	
Global SSD Services Manager

	
Title:

	
President & CEO

	
Date:

	
May 11th, 2012

	
Date:

	
April 17, 2012

1DGX 10.31.2012 8-K EX 10.1

Exhibit 10.1

October 31, 2012

Ms. Joan Miller
9 White Cliff
Laguna Niguel, CA 92677

Joan,

This letter will formalize the arrangement between you and Quest Diagnostics Incorporated ("Company'') relative to services you will render to the Company. The purpose of our doing so is to properly reflect the terms of our arrangement. The terms of the agreement between you and the Company are as follows: 

1.Services. You agree to provide consulting services to the Company as may be requested from time to time by the Company's Chief Executive officer or his designee. These services will be in addition to and will in no way diminish those consulting hours which you are already obligated to provide to the Company pursuant to Section 7(b) of the Executive Officer Severance Plan. 

2.Compensation. The Company agrees to pay you a total amount of $209,496 on April 30, 2013. 

3.Term. The term of this agreement shall commence on November l, 2012 and shall terminate on April 30,2013. 

4.No Services to Competitors. During the term of this Agreement, and for a period of six (6) months following its termination for any reason, you will not provide services, directly or indirectly, in any capacity, whether as an employee, consultant, independent contractor, or otherwise, to any person or entity that provides products or services that compete with the business of the Company. If so requested in writing by you, the Company will advise you promptly in writing in advance (but in no case later than thirty (30) calendar days) as to whether, in the exercise of its reasonable discretion, the Company views any proposed activity contemplated by you as constituting a competing business. 

5.Confidential Information. You acknowledge that the information, observations, and data obtained by you during the course of your performance under Agreement concerning the business and affairs of the Company and its affiliates are the property of the Company. Therefore, you agree that you will not disclose to any unauthorized person or use for you own account any of such information, observations, or data without express written consent, unless and to the extent that the aforementioned matters become generally known to and available for use by the public other than as a result of your acts or omissions to act. You also agree to deliver to the Company at the termination of this Agreement, or at any other time the Company may request in writing, all memoranda, notes, plans, records, reports and other documents (and copies thereof) relating to the business of the Company and its affiliates which you may then possess or have under your control. 

6.Entire Agreement/Modification. This Agreement contains the complete agreement and understanding among the parties and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the consulting services to be provided pursuant to this Agreement. It may be modified only by a writing, signed by both parties, indicating an intent to modify this agreement. 

7.Successors and Assigns. This Agreement shall inure to the benefit of and be enforceable by you and the Company and their respective successors and assigns, provided that your rights and obligations under this Agreement shall not be assignable.

8.Waiver. No waiver of any breach or failure by either party to enforce any of the terms or conditions of this Agreement at any time will, in any manner, limit or waive such party's right thereafter to enforce and to compel strict compliance with every term and condition hereof. 

9.Independent Contractor. You acknowledge and agree that you shall provide services under this Agreement as an independent contractor and not as an employee of the Company. As such, you are not eligible to participate in any employee 

benefits provided by the Company to its employees, including pension and retirement savings benefits, health and welfare benefits, workers' compensation insurance, or other employee plans sponsored by the Company for any of its employees. You assume full responsibility and liability for the payment of any taxes due on money received by you under this Agreement. Finally, you will not represent yourself to be employed by the Company, nor represent that you are authorized to represent the Company or obligate the Company with respect to any matters not expressly provided in this Agreement. 
 
	
					
	Quest Diagnostics Incorporated
	 
	Joan Miller

	 
	 
	 
	 
	 

	By:
	/s/ Michael E. Prevoznik
	 
	By:
	/s/ Joan E. Miller

	Date:
	October 31, 2012
	 
	Date:
	October 31, 2012Exhibit 10.1

 

AMENDMENT NO. 1 TO THE TERM LOAN CREDIT AGREEMENT (this “Amendment”) dated as of July 26, 2012 between Delos Aircraft Inc., a California Corporation (the “Borrower”), and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) (each a “Party” and collectively, the “Parties”).

 

RECITALS

 

WHEREAS, the Parties have previously entered into that certain Term Loan Credit Agreement dated as of April 12, 2012 (as otherwise heretofore modified and supplemented and in effect on the date hereof, the “Credit Agreement”).

 

WHEREAS, the Parties now intend to amend the Credit Agreement as more specifically set forth herein.

 

WHEREAS, in accordance with Section 9.02(b) of the Credit Agreement, the Administrative Agent has obtained the consent of the Required Lenders and is authorized to execute this Amendment on their behalf.

 

NOW, THEREFORE, the parties hereto agree that the Credit Agreement shall be amended as set forth herein, and the parties hereto otherwise agree as follows:

 

Section 1.              Definitions.  Capitalized terms used but not defined herein shall have the respective meanings given to them in the Credit Agreement.

 

Section 2.              Amendments to the Credit Agreement.  The Credit Agreement is hereby amended as follows:

 

(a)                                 Section 9.05(e) shall be amended by inserting the following as a second paragraph:

 

“In the case of any Lender that is a fund that invests in bank loans, such Lender may, without the consent of or notice to the Borrower or the Administrative Agent, assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument evidencing its rights as a Lender under this Agreement, to any holder of, trustee for, or any other representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities;  provided that unless and until such holder, trustee or representative actually becomes a Lender in compliance with the other provisions of this Section 9.05, (i) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents, (ii) such holder, trustee or representative shall not be entitled to exercise any of the rights of a Lender under the Loan Documents, and (iii) the Borrower shall have no obligation to make payments to or otherwise deal with such holder, trustee or representative as a Lender hereunder, in each case even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.”

 

Section 3.              Reference to and Effect on the Credit Agreement.  The Credit Agreement, as specifically amended by this Amendment shall continue to be in force and effect.

 

 

This Amendment shall not constitute an amendment or waiver of any other provision of the Credit Agreement not expressly referred to herein.

 

Section 4.              Counterparts.  This Amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts shall have been signed by each Party and delivered to the other Parties.

 

Section 5.              Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

 

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective authorized representatives as of the day and year first above written.

 

	
 
    	
DELOS   AIRCRAFT INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Margaret L. Epstein
    
	
 
    	
 
    	
Name:
    	
Margaret   L. Epstein
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

 

	
 
    	
BANK   OF AMERICA, N.A., as Administrative Agent
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert Rittelmeyer
    
	
 
    	
 
    	
Name:
    	
Robert   Rittelmeyer
    
	
 
    	
 
    	
Title:
    	
Vice   President

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