Document:

Exhibit 10.3

FORM OF

DIRECTOR STOCK OPTION AGREEMENT

IBIS TECHNOLOGY CORPORATION

AGREEMENT made as of the     th day of               
20  , between Ibis Technology Corporation (the “Company”), a
Massachusetts corporation, and                            , a director of the Company (the “Participant”).

WHEREAS, the Company desires to
grant to the Participant an Option to purchase shares of its common stock,
$.008 par value (the “Shares”), under and for the purposes of the 2007
Employee, Director and Consultant Stock Option Plan of the Company (the “Plan”);
and

WHEREAS, the Company and the
Participant understand and agree that any terms used and not defined herein
have the same meanings as in the Plan;

NOW, THEREFORE, in consideration
of the mutual covenants hereinafter set forth and for other good and valuable
consideration, the parties hereto agree as follows:

1.             GRANT OF OPTION.

The Company hereby grants to the
Participant the right and option to purchase all or any part of an aggregate of
                          
(           ) Shares
(the “Option”), on the terms and conditions and subject to all the limitations
set forth herein and in the Plan, which is incorporated herein by
reference.  The Participant acknowledges
receipt of a copy of the Plan.  The Option
is not intended to qualify as an incentive stock option under Section 422 of
the Internal Revenue Code of 1986, as amended (the “Code”).  The Participant should consult with the
Participant’s own tax advisors regarding the tax effects of the exercise of the
Option and the purchase and subsequent sale of the Shares purchased upon
exercise.

2.             PURCHASE PRICE.

The purchase price of the Shares
covered by the Option shall be               ($       ),
per Share, subject to adjustment, as provided in the Plan, in the event of a
stock split, reverse stock split or other events affecting the holders of
Shares.  Payment shall be made in
accordance with Section 8(b) and Section 9 of the Plan.

3.             EXERCISE OF OPTION.

If the Participant has continued
to serve as a director of the Company and subject to the terms and conditions
set forth in this Agreement and the Plan, the Option granted hereby shall
become exercisable in full immediately prior to the Company’s annual meeting of
its stockholders 

 

in 20   .  The foregoing rights are cumulative and are
subject to the other terms and conditions of this Agreement and the Plan.

4.             TERM OF OPTION.

The Option shall terminate ten
(10) years from the date of this Agreement, but shall be subject to earlier
termination as provided herein or in the Plan.

If the Participant ceases to be
a director of the Company (for any reason other than the death or Disability of
the Participant or termination by the Company for “Cause” (as defined below)),
the Option may be exercised, if it has not previously terminated, within three
(3) months after the date the Participant ceases to be a director of the
Company or within the originally prescribed term of the Option, whichever is
earlier, but may not be exercised thereafter. 
In such event, the Option shall be exercisable only to the extent that
the Option has become exercisable and is in effect at the date of such
cessation of directorship.

Notwithstanding the foregoing,
in the event of the Participant’s death within three (3) months after the termination
of directorship, the Participant’s legal representatives and/or any person or
persons who acquired the Participant’s rights to the Option by will or by the
laws of descent and distribution may exercise the Option within one (1) year
after the date of the Participant’s death, but in no event after the date of
expiration of the term of the Option.

In the event the Participant’s
directorship is terminated by the Company for Cause, the Participant’s right to
exercise any unexercised portion of this Option shall cease forthwith, and this
Option shall thereupon terminate. 
Notwithstanding anything herein to the contrary, if subsequent to the
Participant’s termination as a director but prior to the exercise of the
Option, the Board of Directors of the Company determines that, either prior or
subsequent to the Participant’s termination, the Participant engaged in conduct
which would constitute Cause, then the Participant shall forthwith cease to
have any right to exercise the Option and this Option shall thereupon
terminate.

In the event of the Disability
of the Participant, as determined in accordance with the Plan, the Option shall
be exercisable within one (1) year after the date of such Disability or, if
earlier, the term originally prescribed by the Option.  In such event, the Option shall be
exercisable to the extent exercisable but not exercised as of the date of
Disability.

In the event of the death of the
Participant while a director of the Company, the Option shall be exercisable by
the Participant’s Survivors.  In such
event, the Option must be exercised, if at all, within one (1) year after the
date of death of the Participant or, if earlier, within the originally
prescribed term of the Option.  In such
event, the Option shall be exercisable to the extent exercisable but not
exercised as of the date of death.

For purposes of this Agreement, “Cause”
shall include (and is not limited to) dishonesty with respect to the Company or
any Affiliate, insubordination, substantial malfeasance or non-feasance of
duty, unauthorized disclosure of confidential information, and conduct 

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substantially prejudicial to the
business of the Company or any Affiliate. 
Any definition in an agreement between the Participant and the Company
or an Affiliate, which contains a conflicting definition of “Cause” for
termination and which is in effect at the time of such termination, shall
supersede the definition in this Plan with respect to such Participant.

5.             METHOD OF EXERCISING OPTION.

Subject to the terms and
conditions of this Agreement, the Option may be exercised by written notice to
the Company, at the principal executive office of the Company.  Such notice shall state the election to
exercise the Option and the number of Shares in respect of which it is being
exercised, shall be signed by the person or persons so exercising the Option,
and shall be in substantially the form attached hereto.  Payment of the purchase price for such Shares
shall be made in accordance with Section 8(b) and Section 9 of the Plan.  The Company shall deliver a certificate or
certificates representing such Shares as soon as practicable after the notice
shall be received, provided, however, that the Company may delay issuance of
such Shares until completion of any action or obtaining of any consent, which
the Company deems necessary under any applicable law (including, without
limitation, state securities or “blue sky” laws).  The certificate or certificates for the
Shares as to which the Option shall have been so exercised shall be registered
in the name of the person or persons so exercising the Option (or, if the
Option shall be exercised by Participant and if Participant shall so request in
the notice exercising the Option, shall be registered in the name of the
Participant and another person jointly, with right of survivorship) and shall
be delivered as provided above to or upon the written order of the person or
persons exercising the Option.  In the
event the Option shall be exercised, pursuant to Section 4 hereof, by any
person or persons other than the Participant, such notice shall be accompanied
by appropriate proof of the right of such person or persons to exercise the
Option.  All Shares that shall be
purchased upon the exercise of the Option as provided herein shall be fully
paid and nonassessable.

6.             PARTIAL EXERCISE.

Exercise of this Option to the
extent above stated may be made in part at any time and from time to time
within the above limits, except that no fractional share shall be issued
pursuant to this Option.

7.             NON-ASSIGNABILITY.

The Option shall not be
transferable by the Participant otherwise than by will or by the laws of
descent and distribution or pursuant to a qualified domestic relations order as
defined by the Code or Title I of the Employee Retirement Income Security Act
or the rules thereunder.  Except as
provided in the previous section, the Option shall be exercisable, during the
Participant’s lifetime, only by the Participant and shall not be assigned,
pledged or hypothecated in any way (whether by operation of law or otherwise)
and shall not be subject to execution, attachment or similar process.  Any attempted transfer, assignment, pledge,
hypothecation or other disposition of the Option or of any rights granted
hereunder contrary to the provisions of this Section 7, or the levy of any
attachment or similar process upon the Option or such rights, shall be null and
void.

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8.             NO RIGHTS AS STOCKHOLDER UNTIL EXERCISE.

The Participant shall have no
rights as a stockholder with respect to Shares subject to this Agreement until
a stock certificate therefor has been issued to the Participant and is fully
paid for.  Except as is expressly
provided in the Plan with respect to certain changes in the capitalization of
the Company, no adjustment shall be made for dividends or similar rights for
which the record date is prior to the date such stock certificate is issued.

9.             CAPITAL CHANGES AND BUSINESS SUCCESSIONS.

The Plan contains provisions
covering the treatment of Options in a number of contingencies such as stock
splits and mergers.  Provisions in the
Plan for adjustment with respect to stock subject to Options and the related
provisions with respect to successors to the business of the Company are hereby
made applicable hereunder and are incorporated herein by reference.

10.           TAXES AND WITHHOLDING.

The Participant acknowledges
that upon exercise of the Option the Participant will be deemed to have taxable
income measured by the difference between the then fair market value of the
Shares received upon exercise and the price paid for such Shares pursuant to
this Agreement (the “Taxable Income”). 
The Participant acknowledges that any income or other taxes due from him
or her with respect to this Option or the Shares issuable pursuant to this
Option shall be the Participant’s responsibility.

If the Company in its discretion
determines that it is obligated to withhold income or other taxes with respect
to the exercise of the Option, the Participant hereby agrees that the Company
may withhold from the Participant’s remuneration, if any, the appropriate
amount of federal, state and local withholding attributable to such amount that
is considered compensation includable in such person’s gross income.  At the Company’s discretion, the amount
required to be withheld may be withheld in cash from such remuneration, or in
kind from the common stock otherwise deliverable to the Participant on exercise
of the Option, provided, however, that with respect to persons subject to
Section 16 of the Securities Exchange Act of 1934 (the “1934 Act”), any such
withholding arrangement shall be in compliance with any applicable provisions
of Rule 16b-3 promulgated under Section 16 of the 1934 Act.  The Participant further agrees that, if the
Company does not withhold an amount from the Participant’s remuneration
sufficient to satisfy the Company’s income tax withholding obligation, the
Participant will reimburse the Company on demand, in cash, for the amount
underwithheld.

11.           PURCHASE FOR INVESTMENT.

Unless the offering and sale of
the Shares to be issued upon the particular exercise of the Option shall have
been effectively registered under the Securities Act of 1933, as now in force
or hereafter amended (the “1933 Act”), the Company shall be under no obligation
to issue the Shares covered by such exercise unless and until the following
conditions have been fulfilled:

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(a)                                The person(s) who exercise the Option shall
warrant to the Company, at the time of such exercise, that such person(s) are
acquiring such Shares for their own respective accounts, for investment, and
not with a view to, or for sale in connection with, the distribution of any
such Shares, in which event the person(s) acquiring such Shares shall be bound
by the provisions of the following legend which shall be endorsed upon the
certificate(s) evidencing their Option Shares issued pursuant to such exercise:

“The shares represented by this certificate have been taken for
investment and they may not be sold or otherwise transferred by any person,
including a pledgee, unless (1) either (a) a Registration Statement with
respect to such shares shall be effective under the Securities Act of 1933, as
amended, or (b) the Company shall have received an opinion of counsel
satisfactory to it that an exemption from registration under such Act is then
available, and (2) there shall have been compliance with all applicable state
securities laws”; and

(b)                                 If the Company so requires, the Company shall
have received an opinion of its counsel that the Shares may be issued upon such
particular exercise in compliance with the Act without registration
thereunder.  Without limiting the
generality of the foregoing, the Company may delay issuance of the Shares until
completion of any action or obtaining of any consent, which the Company deems
necessary under any applicable law (including without limitation state
securities or “blue sky” laws).

12.           NO RIGHT OR OBLIGATION TO CONTINUE SERVICE AS A
DIRECTOR.

The Company is not by the Plan
or this Agreement obligated to continue the Participant as a member of the
Board of Directors, nor is the Participant prevented from terminating the
Participant’s status as a member of the Board of Directors.

13.           NOTICES.

Any notices required or
permitted by the terms of this Agreement or the Plan shall be given by
recognized courier service, facsimile, registered or certified mail, return
receipt requested, addressed as follows:

	
  To the Company:

  	
   

  	
  Ibis Technology Corporation

  
	
   

  	
   

  	
  32 Cherry Hill
  Drive

  
	
   

  	
   

  	
  Danvers,
  Massachusetts 01923

  
	
   

  	
   

  	
   

  
	
  To the Participant:

  	
   

  	
   

  

 

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or to such other address or
addresses of which notice in the same manner has previously been given.  Any such notice shall be deemed to have been
given upon the earlier of receipt, one business day following delivery to a
recognized courier service or three business days following mailing by
registered or certified mail.

14.           GOVERNING LAW.

This Agreement shall be
construed and enforced in accordance with the law of the Commonwealth of
Massachusetts.

15.           BENEFIT OF AGREEMENT.

Subject to the provisions of the
Plan and the other provisions hereof, this Agreement shall be for the benefit
of and shall be binding upon the heirs, executors, administrators, successors
and assigns of the parties hereto.

16.           ENTIRE AGREEMENT.

This Agreement, together with
the Plan, embodies the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof and supersedes all prior oral
or written agreements and understandings relating to the subject matter hereof.  No statement, representation, warranty,
covenant or agreement not expressly set forth in this Agreement shall affect or
be used to interpret, change or restrict, the express terms and provisions of
this Agreement, provided, however, in any event, this Agreement shall be
subject to and governed by the Plan.

17.           MODIFICATIONS AND AMENDMENTS.

The terms and provisions of this
Agreement may be modified or amended as provided in the Plan.

18.           WAIVERS AND CONSENTS.

The terms and provisions of this
Agreement may be waived, or consent for the departure therefrom granted, only
by written document executed by the party entitled to the benefits of such
terms or provisions.  No such waiver or
consent shall be deemed to be or shall constitute a waiver or consent with
respect to any other terms or provisions of this Agreement, whether or not
similar.  Each such waiver or consent
shall be effective only in the specific instance and for the purpose for which
it was given, and shall not constitute a continuing waiver or consent.

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19.                                 HOLDING PERIOD APPLICABLE TO PERSONS SUBJECT TO
SECTION 16 OF THE SECURITIES EXCHANGE ACT OF 1934.

If the Participant to whom the
Option has been granted pursuant to this Agreement is subject to Section 16 of
the 1934 Act, Section 16 requires that, in some circumstances, at least six (6)
months must elapse from the date of grant of the Option to the date of
disposition of the Shares.

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IN WITNESS WHEREOF, the Company
has caused this Agreement to be executed by its duly authorized officer and the
Participant has hereunto set his or her hand, all as of the day and year first
above written.

	
  

  	
   

  	
  Ibis Technology Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Charles M. McKenna, President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Director

  

 

 8Exhibit 4.4

 

SUPPLEMENTAL
INDENTURE

 

SUPPLEMENTAL INDENTURE, dated as of June 12, 2007 (the “Supplemental
Indenture”), between VWR INTERNATIONAL, INC., a Delaware corporation (the “Company”)
and WELLS FARGO BANK, NATIONAL ASSOCIATION as trustee (the “Trustee”).  Capitalized terms used herein and not
otherwise defined are used as defined in the Indenture (as defined below).

 

WHEREAS there has heretofore been executed and delivered to the Trustee
an Indenture, dated as of April 7, 2004, among CDRV Acquisition
Corporation and the Trustee, as supplemented by the first Supplemental
Indenture, dated as of April 7, 2004, among VWR International, Inc.,
a Pennsylvania corporation, and the Trustee, and the second Supplemental
Indenture, dated as of April 7, 2004, among the Company and the Trustee
(as amended and supplemented, the “Indenture”), providing for the issuance of
the Company’s 8% Senior Subordinated Notes due 2014 (the “Notes”);

 

WHEREAS there are now outstanding under the Indenture Notes in the
aggregate principal amount of $320,000,000;

 

WHEREAS Section 902 of the Indenture provides that the Company and
the Trustee may amend certain sections of the Indenture with the written
consent of the Holders of at least a majority in aggregate principal amount of
the Notes then outstanding;

 

WHEREAS the Company desires to amend certain provisions of the
Indenture, as set forth in Article I hereof;

 

WHEREAS the Holders of a majority in aggregate principal amount of the
Notes outstanding have consented to the amendments effected by this
Supplemental Indenture;

 

WHEREAS, the Company is representing to the Trustee that the conditions
to this Supplemental Indenture, as set forth in Sections 902 and 903 of
the Indenture, have been satisfied by the Company; and

 

WHEREAS all things necessary to make this Supplemental Indenture a
valid agreement, in accordance with its terms, have been done.

 

NOW THEREFORE, this Supplemental Indenture witnesseth that, for and in
consideration of the premises contained herein, it is mutually covenanted and
agreed, for the equal and proportionate benefit of all Holders of the Notes, as
follows:

 

Article I

 

AMENDMENTS TO INDENTURE

 

Section 1.1.                                   Amendments to Articles
One, Four, Five, and Six.  Upon written notification by
the Company to the Trustee on the Acceptance Date (as defined in the Statement
(as defined below)), which notice shall include the percentage of Notes then
outstanding that did tender and consent, that it has accepted for purchase and
payment (the date of such payment, the “Payment Date”) pursuant to the offer to
purchase all of the Notes validly tendered pursuant to the Offer to Purchase
and Consent Solicitation Statement, dated as of May 30, 2007 (together
with any

 

 

amendments, modifications or supplements thereto, the “Statement”),
and then automatically (without further act by any person), with respect to the
Notes:

 

(a) the Company
shall be released from its obligations under the following sections of the
Indenture, the text and introductory heading to each of which shall be thereby
deleted from the Indenture (excluding the section number) and replaced
with the text “[Reserved]”: Section 405 (SEC Reports); Section 407
(Limitation on Indebtedness); Section 408 (Limitation on Layering); Section 409
(Limitation on Restricted Payments); Section 410 (Limitation on
Restrictions on Distributions from Restricted Subsidiaries); Section 411
(Limitation on Sales of Assets and Subsidiary Stock); Section 412
(Limitation on Transactions with Affiliates); Section 413 (Limitation on
Liens); Section 414 (Future Subsidiary Guarantors); Section 415
(Purchase of Notes Upon a Change in Control); clauses (ii) and (iii) of
paragraph (a) and all of paragraph (b) of Section 501 (When the
Company May Merge, etc.);

 

(b) failure to
comply with the terms of any of the foregoing Sections of the Indenture shall
no longer constitute a default or an Event of Default under the Indenture and
shall no longer have any other consequence under the Indenture;

 

(c) the occurrence
of the events described in Sections 601(iv), (vi), (vii), (x), and (xi)
shall no longer constitute Events of Default;

 

(d) all definitions
set forth in Section 101 of the Indenture that relate to defined terms
used solely in covenants or sections deleted hereby are deleted in their
entirety; and

 

(e) all cross
references to sections or portions thereof, as the case may be, that are
deleted hereby are deleted in their entirety.

 

Article II

 

MISCELLANEOUS

 

Section 2.1.                                   Instruments To Be Read
Together.  This Supplemental Indenture is an indenture
supplemental to and in implementation of the Indenture, and said Indenture and
this Supplemental Indenture shall henceforth be read together.

 

Section 2.2.                                   Confirmation. 
The Indenture as amended and supplemented by this Supplemental Indenture
is in all respects confirmed and preserved.

 

Section 2.3.                                   Trust Indenture Act
Controls.  If any provision of this Supplemental
Indenture limits, qualifies or conflicts with another provision that is
required to be included in this Supplemental Indenture or the Indenture by the
Trust Indenture Act, the required provision shall control.

 

Section 2.4.                                   Headings. 
The headings of the Articles and Sections of this Supplemental Indenture
have been inserted for convenience of reference only, and are not to be
considered a part hereof and shall in no way modify or restrict any of the
terms and provisions hereof.

 

2

 

Section 2.5.                                   Governing Law. 
THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR
IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS
AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT
LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

 

Section 2.6.                                   Counterparts. 
This Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same
instrument.

 

Section 2.7.                                   Effectiveness;
Termination.  The provisions of this Supplemental Indenture
will take effect immediately upon its execution and delivery by the Trustee in
accordance with the provisions of Sections 902 and 903 of the Indenture;
provided, that the amendments to the Indenture set forth in Section 1.1 of
this Supplemental Indenture shall become operative as specified in Section 1.1
hereof. Prior to the Payment Date, the Company may terminate this Supplemental
Indenture upon written notice to the Trustee.

 

Section 2.8.                                   Acceptance by Trustee. 
The Trustee accepts the amendments to the Indenture effected by this
Supplemental Indenture and agrees to execute the trusts created by the
Indenture as hereby amended, but only upon the terms and conditions set forth
in the Indenture.

 

Section 2.9.                                   Responsibility of
Trustee.  The recitals contained herein shall be taken
as the statements of the Company, and the Trustee assumes no responsibility for
their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Supplemental Indenture.

 

*     
*      *      *     
*

 

3

 

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

 

	
   

  	
  VWR INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  George Van Kula

  
	
   

  	
  Title:

  	
  Senior Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL
  ASSOCIATION, as

  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 

SIGNATURE PAGE TO

SENIOR SUBORDINATED NOTES

SUPPLEMENTAL INDENTURE

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