Document:

exv10w22

Exhibit 10.22

January 7, 2009

PERSONAL AND CONFIDENTIAL

To: David W. Neu

This letter is being provided to you because you recently entered into an amended and restated
employment agreement with AmerisourceBergen Corporation (the “Company”) dated December 15,
2008 (the “Agreement”). The amendment and restatement of your employment agreement was
undertaken principally to ensure that the terms of the agreement are structured to enable you to
avoid the adverse tax consequences that would result from a violation of Section 409A of the
Internal Revenue Code (“Section 409A”). This letter is intended to clarify and supplement
your rights under the Agreement in the event the Company terminates your employment without Cause
or you resign your employment with the Company for Good Reason. All capitalized terms used in this
letter that are not defined in this letter shall have the meanings ascribed to them in the
Agreement.

1. For the eighteen month period following your Separation From Service (subject to
earlier termination as described below), if you elect to receive continuation coverage under
the Company’s group health plans pursuant to the Consolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”), you shall be entitled to: (i) waiver by the Company of the COBRA
premium costs of medical, prescription, dental and vision coverage, if any, under the
Company’s group health plans (as in effect from time to time) for you and, to the extent
permitted under COBRA, your spouse and eligible dependents, if any, for the first two
calendar months of the 18-month continuation period; and (ii) following the initial
two-month period, you shall be entitled to reimbursement from the Company for the COBRA
premium costs of medical, prescription, dental and vision coverage, if any, under the
Company’s group health plans for you and, to the extent permitted under COBRA, your spouse
and eligible dependents, if any, with such reimbursement not to exceed the COBRA rates for
such coverage; provided, however, that you shall be required to submit to the Company
reasonable evidence of payment by you of any such COBRA premiums in order to obtain
reimbursement from the Company and you may not submit any requests for reimbursement of such
payments more than once per calendar month; and provided, further, that entitlement to
reimbursement of any such payments shall terminate should you become ineligible for coverage
under COBRA for any reason prior to the end of such 18-month period, including, without
limitation, by reason of your commencement of eligibility under the group health plan of any
other employer and your commencement of eligibility for Medicare benefits under Title XVIII
of the Social Security Act. If you remain on COBRA

 

 

coverage
for the entire 18-month period in which you are entitled to reimbursement for the premiums associated with such
coverage, the Company will make monthly payments to you for the 6-month period immediately
following the expiration of the 18-month COBRA period equal to the amount of premiums that
the Company would have reimbursed to you had you been eligible to continued coverage under
COBRA following the expiration of the 18-month COBRA period. Any amounts that are paid on
your behalf, reimbursed to you by the Company or paid directly to you as supplemental
severance payments will be considered taxable income to the Executive and any taxes on such
amounts will be your responsibility and subject to applicable tax withholding.
Notwithstanding anything to the contrary set forth above, the Company, in its sole
discretion, may discontinue any coverage contemplated hereunder in the event that such
continuation is not permitted under or would adversely affect the tax status of the plan or
plans of the Company pursuant to which the coverage is provided, in which case the Company
shall make supplemental severance payments to you in monthly amounts equal to the amounts to
which you otherwise would have been entitled to reimbursement hereunder in respect of such
coverage for the remainder of the period that the Company otherwise would have been
obligated to make reimbursements hereunder to you.

2. In addition, although the Agreement provides that a resignation by you for Good
Reason shall be effective on the 60th business day following the date when the Notice of
Termination for Good Reason is given, the Agreement shall be construed to mean that such a
termination of employment shall be effective on the 60th calendar day following
the date when the Notice of Termination for Good Reason is given.

If within 10 days after the date of this letter you do not notify the Company of an objection
to the clarifications and revisions described in this letter, this letter shall constitute an
addendum to the Agreement and shall supersede any conflicting provisions in the Agreement. The
Company reserves the right to revise the provisions of this letter in order to ensure compliance
with, or exemption from, the provisions of Section 409A.

Because this letter constitutes an amendment of the Agreement, you should retain a copy of
this letter with your records.

	 	 	 	 	 
	 	AMERISOURCEBERGEN CORPORATION

 	 
	 	By:  	/s/
R. David Yost	 
	 	 	Name:  	R. David Yost	 
	 	 	Title:  	President
and Chief Executive Officer	 

 

2exv10w31

Exhibit 10.31

AMENDED AND RESTATED PERFORMANCE UNDERTAKING

THIS AMENDED AND RESTATED PERFORMANCE UNDERTAKING (this “Undertaking"), dated as of December
2, 2004, is executed by AmerisourceBergen Corporation, a Delaware corporation (the “Performance
Guarantor"), in favor of Amerisource Receivables Financial Corporation, a Delaware corporation
(together with its successors and assigns, “Recipient”). This Undertaking amends and restates that
certain Performance Undertaking, dated as of July 10, 2003, by the Performance Guarantor and after
the date hereof, all references in any Transaction Document to the Performance Undertaking shall be
deemed references to this Undertaking.

RECITALS

	1.	 	AmerisourceBergen Drug Corporation (the “Originator”) and Recipient have entered into a
Receivables Sale Agreement, dated as of July 10,2003 (as amended, restated or otherwise
modified from time to time, the “Sale Agreement”), pursuant to which Originator, subject to
the terms and conditions contained therein, is selling and/or contributing its right, title
and interest in its accounts receivable to Recipient.
	 
	2.	 	Performance Guarantor owns one hundred percent (100%) of the capital stock of the Originator
and Recipient, and Originator, and accordingly, Performance Guarantor has and is expected to
continue to receive substantial direct and indirect benefits from its sale or contribution of
receivables to Recipient pursuant to the Sale Agreement (which benefits are hereby
acknowledged).
	 
	3.	 	As an inducement for Recipient to acquire Originator’s accounts receivable pursuant to the
Sale Agreement, Performance Guarantor has agreed to guaranty the due and punctual performance
by Originator of its obligations under the Sale Agreement, as well as the Servicing Related
Obligations (as hereinafter defined).
	 
	4.	 	Performance Guarantor wishes to guaranty the due and punctual performance by Originator of
its obligations to Recipient under or in respect of the Sale Agreement and the Servicing
Related Obligations (as hereinafter defined), as provided herein.

AGREEMENT

NOW, THEREFORE, Performance Guarantor hereby agrees as follows:

Section 1. Definitions. Capitalized terms used herein and not defined herein
shall have the respective meanings assigned thereto in the Sale Agreement or the Receivables
Purchase Agreement (as hereinafter defined). In addition:

“Guaranteed Obligations” means, collectively: (a) all covenants, agreements, terms,
conditions and indemnities to be performed and observed by Originator under and pursuant to the
Sale Agreement and each other document executed and delivered by Originator pursuant to the Sale
Agreement, including, without limitation, the due and punctual payment of all sums which are or
may become due and owing by Originator under the Sale Agreement, whether for fees, expenses
(including counsel fees), indemnified amounts or otherwise, whether upon any termination or for
any other reason and (b) all obligations of Originator (i) as Servicer under the Receivables
Purchase Agreement, dated as of July 10,2003 by and among Recipient, as Seller,
AmerisourceBergen Drug Corporation, as Servicer, the various Purchaser Groups from time to time
party thereto, and Wachovia Bank, National Association, as Administrator (as amended, restated
or otherwise modified, the “Receivables Purchase Agreement” and, together with the Sale
Agreement, the “Agreements”) or (ii) which arise pursuant to Sections 8.2, 8.3 or 13.3(a) of the
Receivables Purchase Agreement as a result of its termination as Servicer (all such obligations
under this clause (b), collectively, the “Servicing Related Obligations”).

Performance
Undertaking

 

 

Section 2. Guaranty of Performance of Guaranteed Obligations. Performance Guarantor
hereby guarantees to Recipient, the full and punctual payment and performance by Originator of its
Guaranteed Obligations. This Undertaking is an absolute, unconditional and continuing guaranty of
the full and punctual performance of all Guaranteed Obligations of Originator under the Agreements
and each other document executed and delivered by Originator pursuant to the Agreements and is in
no way conditioned upon any requirement that Recipient first attempt to collect any amounts owing
by Originator to Recipient, the Administrator, any Purchaser Agent or any Purchaser from any other
Person or resort to any collateral security, any balance of any deposit account or credit on the
books of Recipient, the Administrator, any Purchaser Agent or any Purchaser in favor of Originator
or any other Person or other means of obtaining payment. Should Originator default in the payment
or performance of any of its Guaranteed Obligations, Recipient (or its assigns) may cause the
immediate performance by Performance Guarantor of the Guaranteed Obligations and cause any payment
Guaranteed Obligations to become forthwith due and payable to Recipient (or its assigns), without
demand or notice of any nature (other than as expressly provided herein), all of which are hereby
expressly waived by Performance Guarantor. Notwithstanding the foregoing, this Undertaking is not a
guarantee of the collection of any of the Receivables and Performance Guarantor shall not be
responsible for any Guaranteed Obligations to the extent the failure to perform such Guaranteed
Obligations by Originator results from Receivables being uncollectible on account of the
insolvency, bankruptcy or lack of creditworthiness of the related Obligor; provided that nothing
herein shall relieve Originator from performing in full its Guaranteed Obligations under the
Agreements or Performance Guarantor of its undertaking hereunder with respect to the full
performance of such duties.

Section 3. Performance Guarantor’s Further Agreements to Pay. Performance Guarantor
further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its
assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs
and expenses (including court costs and reasonable legal expenses) incurred or expended by
Recipient in connection with the Guaranteed Obligations, this Undertaking and the enforcement
thereof, together with interest on amounts recoverable under this Undertaking from the time when
such amounts become due until payment, at a rate of interest (computed for the actual number of
days elapsed based on a 360 day year) equal to the Wachovia Prime Rate plus 2% per annum, such rate
of interest changing when and as such Prime Rate changes.

 

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Section 4. Waivers by Performance Guarantor. Performance Guarantor waives notice of
acceptance of this Undertaking, notice of any action taken or omitted by Recipient (or its assigns)
in reliance on this Undertaking, and any requirement that Recipient (or its assigns) be diligent or
prompt in making demands under this Undertaking, giving notice of any Amortization Event, other
default or omission by Originator or asserting any other rights of Recipient under this
Undertaking. Performance Guarantor warrants that it has adequate means to obtain from Originator,
on a continuing basis, information concerning the financial condition of Originator, and that it is
not relying on Recipient to provide such information, now or in the future. Performance Guarantor
also irrevocably waives all defenses (1) that at any time may be available in respect of the
Guaranteed Obligations by virtue of any statute of limitations, valuation, stay, moratorium law or
other similar law now or hereafter in effect or (ii) that arise under the law of suretyship,
including impairment of collateral. Recipient (and its assigns) shall be at liberty, without
giving notice to or obtaining the assent of Performance Guarantor and without relieving Performance
Guarantor of any liability under this Undertaking, to deal with Originator and with each other
party who now is or after the date hereof becomes liable in any manner for any of the Guaranteed
Obligations, in such manner as Recipient in its sole discretion deems fit, and to this end
Performance Guarantor agrees that the validity and enforceability of this Undertaking, including
without limitation, the provisions of Section 7 hereof, shall not be impaired or affected by any of
the following: (a) any extension, modification or renewal of, or indulgence with respect to, or
substitutions for, the Guaranteed Obligations or any part thereof or any agreement relating thereto
at any time; (b) any failure or omission to enforce any right, power or remedy with respect to the
Guaranteed Obligations or any part thereof or any agreement relating thereto, or any collateral
securing the Guaranteed Obligations or any part thereof; (c) any waiver of any right, power or
remedy or of any Termination Event, Amortization Event, or default with respect to the Guaranteed
Obligations or any part thereof or any agreement relating thereto; (d) any release, surrender,
compromise, settlement, waiver, subordination or modification, with or without consideration, of
any other obligation of any person or entity with respect to the Guaranteed Obligations or any part
thereof; (e) the enforceability or validity of the Guaranteed Obligations or any part thereof or
the genuineness, enforceability or validity of any agreement relating thereto or with respect to
the Guaranteed Obligations or any part thereof; (f) the application of payments received from any
source to the payment of any payment obligations of Originator or any part thereof or amounts which
are not covered by this Undertaking even though Recipient (or its assigns) might lawfully have
elected to apply such payments to any part or all of the payment obligations of Originator or to
amounts which are not covered by this Undertaking; (g) the existence of any claim, setoff or other
rights which Performance Guarantor may have at any time against Originator in connection herewith
or any unrelated transaction; (h) any assignment or transfer of the Guaranteed Obligations or any
part thereof; or (1) any failure on the part of Originator to perform or comply with any term of
the Agreements or any other document executed in connection therewith or delivered thereunder, all
whether or not Performance Guarantor shall have had notice or knowledge of any act or omission
referred to in the foregoing clauses (a) through (I) of this Section 4.

Section 5. Unenforceability of Guaranteed Obligations Against Originator.
Notwithstanding (a) any change of ownership of Originator or the insolvency, bankruptcy or any
other change in the legal status of Originator; (b) the change in or the imposition of any law,
decree, regulation or other governmental act which does or might impair, delay or in any way affect
the validity, enforceability or the payment when due of the Guaranteed Obligations; (c) the failure
of Originator or Performance Guarantor to maintain in full force, validity or effect or to
obtain or renew when required all governmental and other approvals, licenses or consents

 

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required in connection with the Guaranteed Obligations or this Undertaking, or to take any other
action required in connection with the performance of all obligations pursuant to the Guaranteed
Obligations or this Undertaking; or (d) if any of the moneys included in the Guaranteed Obligations
have become irrecoverable from Originator for any other reason other than final payment in full of
the payment obligations in accordance with their terms, this Undertaking shall nevertheless be
binding on Performance Guarantor. This Undertaking shall be in addition to any other guaranty or
other security for the Guaranteed Obligations, and it shall not be rendered unenforceable by the
invalidity of any such other guaranty or security. In the event that acceleration of the time for
payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or
reorganization of Originator or for any other reason with respect to Originator, all such amounts
then due and owing with respect to the Guaranteed Obligations under the terms of the Agreements, or
any other agreement evidencing, securing or otherwise executed in connection with the Guaranteed
Obligations, shall be immediately due and payable by Performance Guarantor.

Section 6. Representations, Warranties and Covenants. Performance Guarantor hereby
represents and warrants to, and covenants with, Recipient that:

(a) Existence and Standing. Performance Guarantor is a corporation duly organized,
validly existing and in good standing under the laws of its state of incorporation Performance
Guarantor is duly qualified to do business and is in good standing as a foreign corporation, and
has and holds all corporate power and all governmental licenses, authorizations, consents and
approvals required to carry on its business in each jurisdiction in which its business is conducted
except where the failure to so qualify or so hold could not reasonably be expected to have a
material adverse effect on its financial conditions or results of operations.

(b) Authorization, Execution and Delivery; Binding Effect. The execution and
delivery by Performance Guarantor of this Undertaking, and the performance of its obligations
hereunder, are within its corporate powers and authority and have been duly authorized by all
necessary corporate action on its part. This Undertaking has been duly executed and delivered by
Performance Guarantor. This Undertaking constitutes the legal, valid and binding obligation of
Performance Guarantor enforceable against Performance Guarantor in accordance with its terms,
except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws relating to or limiting creditors’ rights generally and by general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

(c) No Conflict; Government Consent. The execution and delivery by Performance
Guarantor of this Undertaking, and the performance of its obligations hereunder, do not contravene
or violate (i) its certificate or articles of incorporation or by-laws, (ii) any law, rule or
regulation applicable to it, (iii) any restrictions under any agreement, contract or instrument to
which it is a party or by which it or any of its property is bound, or (iv) any order, writ,
judgment, award, injunction or decree binding on or affecting it or its property, and do not result
in the creation or imposition of any Lien on assets of Performance Guarantor or its Subsidiaries
(except as created hereunder) except, in any case, where such contravention or violation could not
reasonably be expected to have a material adverse effect on its financial conditions or results of
operations or result in rendering any indebtedness evidenced thereby due and payable prior to its
maturity or result in the creation or imposition of any Lien pursuant to the terms of any such
instrument or agreement upon any property (now owned or hereafter acquired).

 

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(d) Financial Statements. The consolidated financial statements of Performance
Guarantor and its consolidated Subsidiaries dated as of December 31, 2002 and March 31, 2003
heretofore delivered to Recipient have been prepared in accordance with generally accepted
accounting principles consistently applied and fairly present in all material respects the
consolidated financial condition and results of operations of Performance Guarantor and its
consolidated Subsidiaries as of such dates and for the periods ended on such dates. Since the
later of (i) March 31, 2003 and (ii) the last time this representation was made or deemed made, no
event has occurred which would or could reasonably be expected to have a material adverse effect on
its financial conditions or results of operations.

(e) Taxes. Performance Guarantor has filed all United States federal tax returns
and all other tax returns which are required to be filed and have paid all taxes due pursuant to
said returns or pursuant to any assessment received by Performance Guarantor or any of its
Subsidiaries, except such taxes, if any, as are being contested in good faith and as to which
adequate reserves have been provided. The United States income tax returns of Performance
Guarantor have been audited by the Internal Revenue Service through the fiscal year ended December
31, 2002. No federal or state tax liens have been filed and no claims are being asserted with
respect to any such taxes. The charges, accruals and reserves on the books of Performance
Guarantor in respect of any taxes or other governmental charges are adequate.

(f) Litigation and Contingent Obligations. Except as disclosed in the filings made
by Performance Guarantor with the Securities and Exchange Commission, there are no actions, suits
or proceedings pending or, to the best of Performance Guarantor’s knowledge threatened against or
affecting Performance Guarantor or any of its properties, in or before any court, arbitrator or
other body, that could reasonably be expected to have a material adverse effect on (i) the
business, properties, condition (financial or otherwise) or results of operations of Performance
Guarantor and its Subsidiaries taken as a whole, (ii) the ability of Performance Guarantor to
perform its obligations under this Undertaking, or (iii) the validity or enforceability of any of
this Undertaking or the rights or remedies of Recipient hereunder. Performance Guarantor does not
have any material Contingent Obligations not provided for or disclosed in the financial statements
referred to in Section 6(d).

(g) Financial Covenants. Performance Guarantor shall comply at all time with the
covenants set forth in Sections 6.11 and 6.12 of the Credit Agreement as in effect on the date
hereof (without giving effect to any amendment, waiver, termination, supplement or other
modification thereof unless consented to by the Administrator and the Required Purchaser Agents).

 

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Section 7. Subrogation; Subordination. Notwithstanding anything to the contrary
contained herein, until the Guaranteed Obligations are paid in full Performance Guarantor: (a) will
not enforce or otherwise exercise any right of subrogation to any of the rights of Recipient, the
Administrator, any Purchaser Agent or any Purchaser against Originator, (b) hereby waives all
lights of subrogation (whether contractual, under Section 509 of the United States Bankruptcy Code,
at law or in equity or otherwise) to the claims of Recipient, the Administrator, each Purchaser
Agent and each Purchaser against Originator and all contractual, statutory or legal or equitable
rights of contribution, reimbursement, indemnification and similar rights and “claims” (as that
term is defined in the Federal Bankruptcy Code) which Performance Guarantor might now have or
hereafter acquire against Originator that arise from the existence or performance of Performance
Guarantor’s obligations hereunder, (c) will not claim any setoff, recoupment or counterclaim
against Originator in respect of any liability of Performance Guarantor to Originator and (d)
waives any benefit of and any right to participate in any collateral security which may be held by
Recipient, the Administrator, any Purchaser Agent or any Purchaser. The payment of any amounts due
with respect to any indebtedness of Originator now or hereafter owed to Performance Guarantor is
hereby subordinated to the prior payment in full of all of the Guaranteed Obligations. Performance
Guarantor agrees that, after the occurrence of any default in the payment or performance of any of
the Guaranteed Obligations, Performance Guarantor will not demand, sue for or otherwise attempt to
collect any such indebtedness of Originator to Performance Guarantor until all of the Guaranteed
Obligations shall have been paid and performed in full. If, notwithstanding the foregoing
sentence, Performance Guarantor shall collect, enforce or receive any amounts in respect of such
indebtedness while any obligations are still unperformed or outstanding, such amounts shall be
collected, enforced and received by Performance Guarantor as trustee for Recipient (and its
assigns) and be paid over to Recipient (or its assigns) on account of the Guaranteed Obligations
without affecting in any manner the liability of Performance Guarantor under the other provisions
of this Undertaking. The provisions of this Section 7 shall be supplemental to and not in
derogation of any rights and remedies of Recipient under any separate subordination agreement which
Recipient may at any time and from time to time enter into with Performance Guarantor.

Section 8. Termination of Performance Undertaking. Performance Guarantor’s
obligations hereunder shall continue in full force and effect until all Aggregate Unpaids are
finally paid and satisfied in full and the Receivables Purchase Agreement is terminated; provided
that this Undertaking shall continue to be effective or shall be reinstated, as the case may be, if
at any time payment or other satisfaction of any of the Guaranteed Obligations is rescinded or must
otherwise be restored or returned upon the bankruptcy, insolvency, or reorganization of Originator
or otherwise, as though such payment had not been made or other satisfaction occurred, whether or
not Recipient (or its assigns) is in possession of this Undertaking. No invalidity, irregularity
or unenforceability by reason of the federal bankruptcy code or any insolvency or other similar
law, or any law or order of any government or agency thereof purporting to reduce, amend or
otherwise affect the Guaranteed Obligations shall impair, affect, be a defense to or claim against
the obligations of Performance Guarantor under this Undertaking.

Section 9. Effect of Bankruptcy. This Performance Undertaking shall survive the
insolvency of Originator and the commencement of any case or proceeding by or against Originator
under the Federal Bankruptcy Code or other federal, state or other applicable bankruptcy,
insolvency or reorganization statutes. No automatic stay under the Federal
Bankruptcy Code with respect to Originator or other federal, state or other applicable
bankruptcy, insolvency or reorganization statutes to which Originator is subject shall postpone
the obligations of Performance Guarantor under this Undertaking.

 

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Section 10. Setoff. Regardless of the other means of obtaining payment of any of
the Guaranteed Obligations, Recipient (and its assigns) is hereby authorized at any time and from
time to time, without notice to Performance Guarantor (any such notice being expressly waived by
Performance Guarantor) and to the fullest extent permitted by law, to set off and apply any
deposits and other sums against the obligations of Performance Guarantor under this Undertaking,
whether or not Recipient (or any such assign) shall have made any demand under this Undertaking
and although such obligations may be contingent or unmatured.

Section 11. Taxes. All payments to be made by Performance Guarantor hereunder
shall be made free and clear of any deduction or withholding. If Performance Guarantor is
required by law to make any deduction or withholding on account of tax or otherwise from any such
payment, the sum due from it in respect of such payment shall be increased to the extent
necessary to ensure that, after the making of such deduction or withholding, Recipient receive a
net sum equal to the sum which it would have received had no deduction or withholding been made.

Section 12. Further Assurances. Performance Guarantor agrees that it will from time
to time, at the request of Recipient (or its assigns), provide information relating to the business
and affairs of Performance Guarantor as Recipient may reasonably request. Performance Guarantor
also agrees to do all such things and execute all such documents as Recipient (or its assigns) may
reasonably consider necessary or desirable to give full effect to this Undertaking and to perfect
and preserve the rights and powers of Recipient hereunder.

Section 13. Successors and Assigns. This Performance Undertaking shall be binding
upon Performance Guarantor, its successors and permitted assigns, and shall inure to the benefit of
and be enforceable by Recipient and its successors and assigns. Performance Guarantor may not
assign or transfer any of its obligations hereunder without the prior written consent of each of
Recipient, the Administrator and each Purchaser Agent. Without limiting the generality of the
foregoing sentence, Recipient may assign or otherwise transfer the Agreements, any other documents
executed in connection therewith or delivered thereunder or any other agreement or note held by
them evidencing, securing or otherwise executed in connection with the Guaranteed Obligations, or
sell participations in any interest therein, to any other entity or other Person, and such other
entity or other Person shall thereupon become vested, to the extent set forth in the agreement
evidencing such assignment, transfer or participation, with all the rights in respect thereof
granted to the beneficiaries herein.

Section 14. Amendments and Waivers. No amendment or waiver of any provision of
this Undertaking nor consent to any departure by Performance Guarantor therefrom shall be
effective unless the same shall be in writing and signed by Recipient, the Administrator, each
Purchaser Agent and Performance Guarantor. No failure on the part of Recipient to exercise, and
no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right hereunder preclude any other or further exercise thereof
or the exercise of any other right.

Section 15. Notices. All notices and other communications provided for hereunder
shall be made in writing and shall be addressed as follows: if to Performance Guarantor, at the
address set forth beneath its signature hereto, and if to Recipient, at the addresses set forth
beneath its signature hereto, or at such other addresses as each of Performance Guarantor or any
Recipient may designate in writing to the other. Each such notice or other communication shall
be effective (1) if given by telecopy, upon the receipt thereof, (2) if given by mail, three
(3) Business Days after the time such communication is deposited in the mail with first class
postage prepaid or (3) if given by any other means, when received at the address specified in this
Section 15.

 

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Section 16. GOVERNING LAW. THIS UNDERTAKING SHALL BE CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

Section 17. CONSENT TO JURISDICTION. EACH OF PERFORMANCE GUARANTOR AND RECIPIENT
HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW
YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS UNDERTAKING, THE AGREEMENTS OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION THEREWITH
OR DELIVERED THEREUNDER AND EACH OF PERFORMANCE GUARANTOR AND RECIPIENT HEREBY IRREVOCABLY AGREES
THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAYBE HEARD AND DETERMINED IN ANY SUCH
COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH
SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.

Section 18. Bankruptcy Petition. Performance Guarantor hereby covenants and agrees
that, prior to the date that is one year and one day after the payment in full of all outstanding
senior Indebtedness of Conduit Purchaser, it will not institute against, or join any other Person
in instituting against, Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings or other similar proceeding under the laws of the United States or any
state of the United States.

Section 19. Miscellaneous. This Undertaking constitutes the entire agreement of
Performance Guarantor with respect to the matters set forth herein. The rights and remedies
herein provided are cumulative and not exclusive of any remedies provided by law or any other
agreement, and this Undertaking shall be in addition to any other guaranty of or collateral
security for any of the Guaranteed Obligations. The provisions of this Undertaking are
severable, and in any action or proceeding involving any state corporate law, or any state or
federal bankruptcy, insolvency, reorganization or other law affecting the rights of creditors
generally, if the obligations of Performance Guarantor hereunder would otherwise be held or
determined to be avoidable, invalid or unenforceable on account of the amount of Performance
Guarantor’s liability under this Undertaking, then, notwithstanding any other provision of this
Undertaking to the contrary, the amount of such liability shall, without any further action by
Performance Guarantor or Recipient, be automatically limited and reduced to the highest amount
that is valid and enforceable as determined in such action or proceeding. Any provisions of this
Undertaking which are 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 hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. Unless otherwise specified, references herein to “Section” shall mean a reference
to sections of this Undertaking.

 

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IN WITNESS WHEREOF, Performance Guarantor has caused this undertaking to be executed
and delivered as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	AMERISOURCEBERGEN CORPORATION
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Jack Quinn
	 	 	 	 	 
	 	 	 	 	Name:
	 

	 	 	 	 	 	 	 	 
	 	 	 	 	Title:
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	AmerisourceBergen Corporation	 	 
	 

	 	 	 	 	 	1300 Morris Drive	 	 
	 

	 	 	 	 	 	Chesterbrook, PA 19087	 	 
	 

	 	 	 	Attention:
	 	Jack Quinn	 	 
	 

	 	 	 	Telephone:
	 	(610) 727-7116	 	 
	 

	 	 	 	Facsimile:
	 	(610 727-3639	 	 

 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]