應(yīng)收賬款收購協(xié)議模板（英文）RECEIVABLES PURCHASE AGREEMENT

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RECEIVABLESPURCHASEAGREEMENT

THISRECEIVABLESPURCHASEAGREEMENT,datedasofFebruary19,2013(asitmaybeamended,supplementedorotherwisemodifiedfromtimetotime,this“Agreement”),ismadebyandbetweenParexelInternational,LLC,aDelawarelimitedliabilitycompany(the“Supplier”),theInvestor(asdefinedherein),andJPMorganChaseBank,N.A.,initscapacityasagentfortheInvestor,togetherwithitssuccessorsandassigns(the“InvestorAgent”).

Forgoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoagreeasfollows:

1.

SupplierInformation,BuyerInformation,PricingTermsandOtherDefinedTerms.

1.1

SupplierInformation.OneachPurchaseDate,thefollowinginformationistrueandcorrectwithrespecttotheSupplier:

(a)

TaxpayerIdentificationNumber:

04-3517643

(b)

OrganizationalNumber,ifany:

N/A

(c)

TradeName(s)(ifany):

N/A

(d)

PriorName(s)orPlace(s)ofBusinessDuringPastFiveYears(ifany):

N/A

(e)

ChiefExecutiveOfficeAddress:

195WestStreet

Waltham,MA02451

Attention:JamesF.Winschel.

TelecopyNo.:(781)434-5033?????

Email:james.winschel@?????

(f)

AddressForNotices[ifdifferent]:

withcopyto:195WestStreet

__________Waltham,MA02451

Attention:DouglasA.Batt?????

TelecopyNo.:(781)434-5040?????

Email:douglas.batt@?????

(g)

QualifiedasSmallBusinessunderSmallBusinessAdministrationcriteria?

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InitialAnswer:

Yes:[____]

No:[_X_]

1.2

BuyerInformation.Asusedherein,theterm“Buyer”meansGlaxoSmithKlineServicesUnlimited,GlaxoSmithKlineLLCoranyothersubsidiaryoraffiliateofGlaxoSmithKlinePLC;provided,fortheavoidanceofdoubt,anyreferencehereinorinanyotherFacilityDocumenttoa“Buyer”shallincludeareferencetoanysubsidiaryoraffiliateoftheBuyerthatisthepayorundertheReceivablewithrespecttowhichsuchreferenceismadeunlessthecontextexpresslyindicatesotherwise.

1.3

PricingTerms.Asusedherein,thefollowingtermsshallhavethemeaningascribedthereto;provided,theInvestorAgentmaychangeanytermofthisSectionatanytime,withouttheconsentoftheSupplier,uponfive(5)BusinessDays’priornoticetotheSupplier.

“ApplicableIndexRate”meansarateperannumequaltotherateatwhichdepositsinUSDollarsinanamountcomparabletotheaggregateFaceAmountofDesignatedReceivablessetforthintheapplicableProposaland/orRemittanceNotice,asthecasemaybe,andhavingatermcomparabletotheperiodfromtheapplicableDiscountStartDatetotheapplicableMaturityDate,areofferedinimmediatelyavailablefundsbytheInvestorAgent’sNewYorkofficetoleadingbanksinthemarketforsuchCurrencyupto2:00p.m.,NewYorktime,ontheapplicableDiscountStartDate.

“ApplicableMargin”means1.00%,perannum.

“ApplicableRate”means,foranyDesignatedReceivable,theannualrateequaltothesumof(i)theApplicableIndexRate,plus(ii)theApplicableMargin.

“DiscountPercentage”means100%.

“DiscountStartDate”means,foranyDesignatedReceivable,thelaterof(i)thedatespecifiedasthePurchaseDateintheapplicableProposalforsuchDesignatedReceivableor(ii)thedateonwhichanOfferinrespectofsuchDesignatedReceivableshallbeacceptedbytheInvestor.

“FaceAmount”means,foranyDesignatedReceivable,thefaceamountofsuchDesignatedReceivableasspecifiedintheapplicableProposaland/orRemittanceNotice,asthecasemaybe.TheaggregateFaceAmountofDesignatedReceivablesspecifiedthereinshallbenetofadjustments,ifany,shownintheapplicableProposaland/orRemittanceNotice.

“MaturityDate”means,foranyDesignatedReceivable,thematuritydatespecifiedintheProposaland/orRemittanceNotice,asthecasemaybe,applicabletosuchDesignatedReceivable;provided,ifsuchmaturitydateisnotaBusinessDay,theMaturityDateshallbethenextsucceedingBusinessDay.

“MaximumTenor”means,foranyDesignatedReceivable,aremainingtenortomaturitynottoexceed90days.

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“ProcessingFees”means,$0.

“PurchaseDate”means,foranyDesignatedReceivable,theDiscountStartDateforsuchDesignatedReceivable;providedthatforpurposesofSection2.5herein,thePurchaseDateshallbethedateofreceiptbytheSupplierofthePurchasePricepaidbytheInvestor.

“PurchasePrice”means,foranyDesignatedReceivable,anamountequaltothefollowing:

A–((AxBx(C/D))+E),where:

A

=

FaceAmounttimes

theDiscountPercentage

B

=

ApplicableRate

C

=

NumberofdaysbetweentheDiscountStartDateandtheMaturityDate(notincludingtheDiscountStartDate,butincludingtheMaturityDate)

D

=

360,orifthePurchasePriceisdenominatedinSterling,365

E

=

ProcessingfeespayablebytheSupplierinrespectofsuchDesignatedReceivable,ifany

1.4

OtherDefinedTerms.OtherdefinedtermsnotdefinedinthisSection1aredefinedinAppendixAhereto.

2.

PurchaseandSale.

2.1

Fromtimetotimeduringthetermhereof,theInvestormay,initssolediscretion,proposethattheSuppliermakeanoffertoselloneormoreDesignatedReceivablestotheInvestoronthetermssetforththereinandotherwiseinaccordancewiththetermshereof,byprovidingthefollowinginformationtotheSupplierinaccordancewithSection2.7hereof:invoicedate,invoicenumber,MaturityDate,Currency,FaceAmount,andPurchaseDate.

2.2

(A)

IftheSuppliershallhaveinitialedbox(A)nexttoitssignaturetothisAgreement,thenuponreceiptoftheinformationreferredtoinSection2.1(a“Proposal”),theSuppliermay,initssolediscretion,eitherthroughtheSiteorbyAcceptableMeans,makeanoffertoselltotheInvestoralloranyoftheDesignatedReceivablessubjecttosuchProposalonthetermssetforththereinandotherwiseinaccordancewiththetermshereof(a“ManualOffer”).

(B)

IftheSuppliershallhaveinitialedbox(B)nexttoitssignaturetothisAgreement,theSupplierherebyautomaticallymakesanoffertoselltotheInvestoralloftheDesignatedReceivablesinaccordancewiththetermshereof(an“AutomaticOffer”),ineachcase,withoutfurtheractionbytheSupplier,theInvestorortheInvestorAgent.InlieuofaProposal,aRemittanceNoticedescribinganysuchDesignatedReceivablesshallevidencethetermsoftheAutomaticOfferwithrespectthereto.

(C)

AnyelectionbytheSuppliertomakeAutomaticOffersorManualOffers(eachan"Offer"),asthecasemaybe,inaccordancewithSection2.2(A)or2.2(B),asapplicable,shallremainineffectuntilfive(5)BusinessDaysfollowingthereceiptbytheInvestorAgentofnoticefromtheSupplierrevokingsuchelection,andthereafterallOffersshallbemadeinaccordancewiththeelectionoftheSuppliersetforthinsuchnoticeuntilrevokedinaccordancewiththisSection2.2(C).

2.3

TheInvestormay,initssolediscretion,purchaseaDesignatedReceivablebypayingtotheSupplier’sAccountthePurchasePricewithrespecttoeachDesignatedReceivablesubjecttoanOffer.ThepartiesacknowledgeandagreethatthePurchasePricesetforthinaProposalisanindicativepriceandthattheapplicablePurchasePriceofanyDesignatedReceivableshallbedeterminedbytheInvestorontherelevantDiscountStartDatebyreferencetotheApplicableIndexRatethenineffect.

2.4

FORTHEAVOIDANCEOFDOUBT,THESENDINGOFAREMITTANCENOTICEBYORONBEHALFOFTHEINVESTORSETTINGFORTHTHEAPPLICABLEPURCHASEPRICEFORADESIGNATEDRECEIVABLESHALLCONSTITUTETHESOLEMEANSBYWHICHANOFFERWITHRESPECTTOSUCHDESIGNATEDRECEIVABLEMAYBEACCEPTED,ANDNOOTHERCOMMUNICATIONORCOURSEOFDEALINGBETWEENTHESUPPLIERANDTHEINVESTORORTHEINVESTORAGENTSHALLCONSTITUTETHEACCEPTANCEBYTHEINVESTOROFSUCHOFFER.

2.5

InconsiderationofthepaymentofthePurchasePricewithrespecttoeachDesignatedReceivablesubjecttoanOffer,uponreceiptofthePurchasePricebytheSupplier,theSupplierwillhavesoldtotheInvestor,andtheInvestorwillhavepurchasedfromtheSupplieronthePurchaseDatetherefor,alloftheSupplier’sright,titleandinterestinandtotheDesignatedReceivablessubjecttosuchOffer,ineachcase,subjecttothetermsandconditionshereof.PaymentofthePurchasePriceshallbedepositedintotheaccountspecifiedbytheSupplierbyanyfundstransfersystemwhichtheInvestorAgentdeemsreasonable.

2.6

IftheInvestor,initssolediscretion,doesnotacceptanOffer,theInvestormay,butshallhavenoobligationto,makeanewProposalwithrespecttoalloranyoftheDesignatedReceivablessubjecttosuchOfferinaccordancewiththetermsandconditionshereof.

2.7

Proposals,OffersandRemittanceNoticesmaybegiveneitherthroughtheSiteinaccordancewiththerulesandproceduresthereofor,iftheSiteisunavailable,byothermeansacceptabletotheSupplierandtheInvestorAgent(“AcceptableMeans”).DeliverybytheInvestorAgenttotheSupplierofaProposaland/oraRemittanceNotice,asthecasemaybe,bye-mailorfacsimileshallbedeemedtoconstituteAcceptableMeans.

2.8

AllobligationsoftheSupplierundereachContract,including,withoutlimitation,allrepresentationsandwarrantyobligations,allservicingobligations,allmaintenanceobligations,alldeliveryandtransportandallinsuranceobligations,shallberetainedby,and

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shallbethesoleresponsibilityof,theSupplier,andtheSuppliershallholdtheInvestorandtheInvestorAgentharmlessfrom,andshallindemnifytheInvestorandtheInvestorAgentagainstanyloss,cost,orexpensearisingfrom,anyandallsuchobligations.AnyclaimthattheSuppliermayhaveagainsttheBuyeroranyotherparty,and/orthefailureoftheBuyertofulfillitsobligationsundertheapplicableContract,shallnotaffecttheobligationsoftheSuppliertoperformitsobligationsunderanyFacilityDocument,andshallnotbeusedasadefenseorasset-off,counterclaimorcross-complaintasagainsttheperformanceofanyofitsobligationsundertheFacilityDocuments.NotwithstandinganythingtothecontrarycontainedinthisAgreementortheFacilityDocuments,thesaleofanyDesignatedReceivableunderthisAgreementshallbewithoutrecoursetoSupplierandInvestorAgentandInvestorshallassumethecreditriskofnon-paymentofanyPurchasedReceivabletotheextentsuchnon-paymentistheresultofaBuyer'sfinancialinabilitytopay.

2.9

PurchasesofReceivablesunderthisAgreementmaybeeffectedduringtheperiodfromtheEffectiveDatetothedatethisAgreementisterminatedbyeithertheSupplierortheInvestoruponfive(5)BusinessDayspriornoticetotheother,ineachcase,inthesoleandabsolutediscretionthereof.

2.10

FORTHEAVOIDANCEOFDOUBTANDNOTWITHSTANDINGANYTHINGTOTHECONTRARYCONTAINEDHEREIN,THESUPPLIEREXPRESSLYAGREESTHATNEITHERTHEINVESTORNORTHEINVESTORAGENTSHALLHAVEANYOBLIGATIONTOMAKEANYPROPOSALORACCEPTANYOFFERHEREUNDER,THATTHESUPPLIERHASNOTPAID,ANDISNOTREQUIREDTOPAY,ACOMMITMENTFEEORCOMPARABLEFEETOTHEINVESTORORINVESTORAGENT,ANDTHEINVESTORMAYREFUSE,FORANYREASONORFORNOREASON,TOMAKEANYPROPOSALORACCEPTANYOFFERREGARDLESSOFWHETHERTHEAPPLICABLECONDITIONSSETFORTHHEREINHAVEBEENSATISFIED.

3.

ConditionsPrecedent.TheoccurrenceoftheEffectiveDateisconditioneduponthereceiptbytheInvestorAgentofeachofthefollowinginformandsubstancesatisfactorytotheInvestorAgent:

(a)

acertificatesignedbythekeeperofthebooksandrecordsoftheSupplier,containingstatementsconfirming(i)thepowerandauthoritytoenterintotheReceivablesPurchaseAgreementonbehalfoftheSupplier,and(ii)incumbencyandsignaturesoftheofficersoftheSupplierexecutinganydocumentinconnectionwiththeFacilityDocuments;and

(b)

liensearchesfromtheappropriatejurisdictionandUCCfinancingstatementsforfilinginsuchjurisdictionasnecessarytoevidencethesaleoforotherwiseprotecttheInvestor’srightsinanyPurchasedReceivables,togetherwithareleasesignedbyeachPersonhavingasecurityinterestintheDesignatedReceivables.

4.

RepresentationsandWarranties.OneachPurchaseDateinconnectionwiththesaleofaDesignatedReceivableonsuchdate,theSupplierrepresentsandwarrantstotheInvestorasfollows:

(a)

EligibleReceivable.SuchDesignatedReceivable:

(i)

(A)byitstermsisdueandpayablebytheBuyerwithintheMaximumTenorfromtheoriginalbillingdatethereforand(B)hasnotbeencompromised,adjustedormodified(includingbytheextensionoftimeforpaymentorthegrantingofanydiscounts,allowancesorcredits,exceptasreflectedintheFaceAmountthereof;

(ii)

isan“account”withinthemeaningofSection9-102oftheUCCandisnotevidencedbyapromissorynoteorother“instrument”orby“chattelpaper”(aseachsuchtermisdefinedinArticle9oftheUCC);

(iii)

arisesunderaContractthat,togetherwithsuchReceivable,isinfullforceandeffectandconstitutesthelegal,validandbindingobligationoftheBuyerenforceableagainsttheBuyerinaccordancewithitsterms,andisnotsubjecttoanyDispute;

(iv)

arisesunderaContractthat(A)permitsassignmentordoesnotrequiretheBuyertoconsenttothetransfer,saleorassignmentoftherightsanddutiesoftheSupplierundersuchContract,and(B)doesnotcontainaconfidentialityprovisionthatpurportstorestricttheabilityofanyInvestorortheInvestorAgenttoexerciseitsrightsunderthisAgreement,including,withoutlimitation,itsrighttoreviewtheContractpursuanttosection6.1(e),providedhoweverthatifanyoftherestrictionssetforthin(A)and(B)aboveexist,SuppliershallconsentandobtainBuyer’sconsentpriorto(i)suchtransfer,saleorassignmentunderclause(A)aboveand(ii)disclosureoftheContracttoInvestorandInvestorAgentunderclause(B)above;providedthatSupplierretainstherightinitssolediscretiontowithholdinformationcontainedinanyContractdisclosingtradesecretsorconfidentialinformation,includingpricingandformulas;

(v)

arisesunderaContract(A)thatcontainsanobligationtopayaspecifiedsumofmoneyplusreimbursableexpenses,whichtogethershallequaltheFaceAmountofsuchReceivable,contingentonlyuponthesaleofgoods,theprovisionofservices,ortheachievementofmilestonesand/ortheincurrenceofreimbursableexpensesbytheSupplier,and(B)withrespecttowhichtheSupplierhasperformedallobligationsrequiredtobeperformedbyitthereunderasofsuchtime,includingshipmentofthegoods,theperformanceoftheservicespurchasedthereunder,theachievementofmilestonesand/ortheincurrenceofreimbursableexpensesbytheSupplier;

(vi)

arisessolelyfromthesaleofgoodstotheBuyerbytheSupplier,theprovisionofservices,and/ortheachievementofmilestones,and/orthereimbursableexpensesincurredbySupplier,intheordinarycourseoftheSupplier’sbusiness,andnotbyanyotherPerson(inwholeorinpart);

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(vii)

togetherwiththeContractrelatedthereto,doesnotcontraveneanylaw,ruleorregulationapplicablethereto,oranyagreementoftheSupplier;and

(viii)

isnotaReceivable(A)astowhichanypayment,orpartthereof,hasnotbeenmadeonoraftertheoriginalduedateforsuchpayment,(B)SupplierhasactualknowledgethatanInsolvencyEventhasoccurredwithrespecttotheBuyer,or(C)whichhasbeenidentifiedbytheSupplierasuncollectible.

(b)

GoodTitle.TheSupplierhasgoodandmarketabletitletosuchDesignatedReceivable,anduponthesaleofsuchDesignatedReceivablebytheSupplier,theSupplierwilltransfer,andtheInvestorwillacquire,suchDesignatedReceivablefreeandclearofanylien,encumbranceoradverseclaim,exceptascreatedbytheFacilityDocuments.

(c)

Compliance.TheSupplierisnotindefaultofanyofitsobligationsunderthisAgreementoranyotherFacilityDocument.

(d)

InsolvencyEvent.NoInsolvencyEventhasoccurredwithrespecttotheSupplier.

(e)

Information.Alldata,materialsandinformationprovidedbytheSuppliertotheInvestorandtheInvestorAgentinconnectionherewith,including,withoutlimitation,theinformationsetforthinSection1.1,andwithrespecttoeachContract,andeachDesignatedReceivable,istrueandcorrectinallmaterialrespects.

(f)

OrganizationalExistenceandPower.TheSupplierisdulyorganized,validlyexistingandingoodstandingunderthelawsofitsjurisdictionoforganization,andisdulyqualifiedtodobusinessandisingoodstandingandhasandholdsallpowerandallgovernmentalauthorizationsandapprovalsrequiredtocarryonitsbusinessasaforeigncorporation,underthelawsofeachstateorotherjurisdictioninwhichthecharacterofSupplier’spropertiesowned,operatedorleased,orthenatureofSupplier'sactivities,makessuchqualificationnecessary,exceptinthosestatesandjurisdictionswherethefailuretobesoqualifiedoringoodstandingwouldnotreasonablybeexpected,asofthedatehereof,tohaveaMaterialAdverseEffectonSupplier.“MaterialAdverseEffect”shallmeanthereshallhavebeennomaterialadversechangeinthecondition,financialorotherwise,orintheearnings,businessaffairsorbusinessprospectsofapartyhereto,whetherornotarisingintheordinarycourseofbusiness.

(g)

PowerandAuthority;DueAuthorizationExecutionandDelivery.TheexecutionanddeliverybytheSupplieroftheFacilityDocumentsandtheperformanceofitsobligationsthereunderhavebeendulyauthorizedbyallnecessaryactiononitspartandhavebeendulyexecutedanddeliveredbytheSupplier.

(h)

NoConflict.TheexecutionanddeliverybytheSupplieroftheFacilityDocuments,andtheperformanceofitsobligationsthereunder,donotcontraveneorviolate(i)itsorganizationaldocuments,(ii)anylaw,ruleorregulationapplicabletoit,(iii)anyrestrictionsunderanyagreement,contractorinstrumenttowhichitisapartyorbywhichitoranyofitspropertyisbound,or(iv)anyorder,writ,judgment,award,injunctionordecreebindingonoraffectingitoritsproperty,anddonotresultinthecreationorimpositionofanylien,encumbranceoradverseclaimonassetsoftheSupplier.

(i)

GovernmentalAuthorization.OtherthanthefilingofthefinancingstatementsrequiredhereundertoevidencethesaleofthePurchasedReceivable,noauthorizationorapprovalorotheractionby,andnonoticetoorfilingwith,anygovernmentalauthorityorregulatorybodyisrequiredforthedueexecutionanddeliverybytheSupplieroftheFacilityDocumentsandtheperformanceofitsobligationsthereunder.

(j)

Actions,Suits.Therearenoactions,suitsorproceedingspending,ortothebestoftheSupplier'sknowledge,threatened,againsttheSupplieroranyofitsproperties,inorbeforeanycourt,arbitratororotherbody,thatcouldreasonablybeexpectedtohaveamaterialadverseeffectontheFacilityDocumentsandthetransactionscontemplatedthereby.TheSupplierisnotindefaultwithrespecttoanyorderofanycourt,arbitratororgovernmentalbodythatcouldreasonablybeexpectedtohaveamaterialadverseeffectontheFacilityDocumentsandthetransactionscontemplatedhereby.

(k)

BindingEffect.TheFacilityDocumentsconstitutethelegal,validandbindingobligationsoftheSupplierenforceableagainstitinaccordancewiththeirrespectiveterms,exceptassuchenforcementmaybelimitedbyapplicablebankruptcy,insolvency,reorganizationorothersimilarlawsrelatingtoorlimitingcreditors'rightsgenerallyandbygeneralprinciplesofequity(regardlessofwhetherenforcementissoughtinaproceedinginequityoratlaw).

Supplieragreesthattheforgoingrepresentationsandwarranties,exceptwithrespecttoindividualDesignatedReceivables,aretrueandcorrectasofthedateofthisAgreement.

5.

NatureofTransaction.ItistheexpressintentofthepartiestothisAgreementthatthesaleandconveyanceofthePurchasedReceivablespursuanttothisAgreementbeconstruedasatruesaleofthePurchasedReceivablesbytheSuppliertotheInvestor,andnotagrantofasecurityinterestinanyPurchasedReceivablesbytheSuppliertotheInvestortosecureadebtorotherobligation.TheSupplierherebyauthorizestheInvestorAgenttofilefinancingstatementsinsuchjurisdictionsastheInvestorAgentshalldeterminearenecessaryordesirableforthepurposeofevidencingthesaleofanyPurchasedReceivable.

6.

SupplierCovenants.SolongasanyPurchasedReceivableremainsoutstanding,theSupplieragreesthat:

6.1

TheSuppliershall:

(a)

takeallnecessaryactiontovestfulltitletothePurchasedReceivablesandtheproceedsthereofpurchasedhereunderintheInvestor,freeandclearofanyadverseclaims,anddefendtheright,titleandinterestoftheInvestorinanyoftheforegoing

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property,againstallclaimsofthirdpartiesclaimingthroughorundertheSupplierwithrespecttothePurchasedReceivables,anduponthewrittenrequestoftheInvestorAgent,theSupplier,atitssoleexpense,shallpromptlyanddulyexecuteanddeliverallsuchfurtherinstrumentsanddocumentsandtakesuchfurtheractionastheInvestorAgentmayreasonablyrequestforthepurposeofobtainingthefullbenefitsoftheReceivablesPurchaseAgreementandthePurchasedReceivablesandoftherightsandpowershereinandthereingrantedwithrespecttothePurchasedReceivables.Fortheavoidanceofdoubt,thePurchasePricepaidtoSupplierforsuchPurchasedReceivablesshallnotconstituteproceedsofsuchPurchasedReceivables;

(b)

holdanypaymentreceivedbyitfromtheBuyerpertainingtoPurchasedReceivablesintrustforthebenefitoftheInvestorandaccountforandremitthesamepromptlytotheInvestor(forpurposesoftheforegoing,anypaymentmadebytheBuyerwithrespecttoanyPurchasedReceivableshall,exceptasotherwisespecifiedbytheBuyerorasotherwiserequiredbycontractorlaw,bedeemedappliedtoPurchasedReceivables(inorderofmaturity,startingwiththeoldestsuchPurchasedReceivable)totheextentofanyamountsdueandpayablethereunder,beforebeingappliedtoanyotherobligationoftheBuyertotheSupplier);

(c)

payanddischargepriortodelinquency,andholdtheInvestorharmlessfrom,alltaxes,assessments,leviesandothergovernmentalchargesimposeduponandpayablebytheSupplier,withsuchindemnitytoextendtoanyloss,damageorexpenseincurredbytheInvestorasaresultoftaxliensfortaxespayablebytheSupplieroranyotherlienorclaimbeingplacedonPurchasedReceivablespurchasedbytheInvestor,otherthananylienorclaimplacedonanysuchPurchasedReceivableasaresultofanyactoftheInvestor;

(d)

notifytheInvestorAgentinwritingofanyofthefollowingpromptlyuponlearningoftheoccurrencethereof,describingthesameand,ifapplicable,thestepsbeingtakenwithrespectthereto:(i)theoccurrenceofanyeventorconditionthatcouldreasonablybeexpectedtohaveamaterialadverseeffectontheSupplierorthetransactionscontemplatedhereby;(ii)theoccurrenceofanyInsolvencyEventwithrespecttotheSupplier;or(iii)theoccurrenceofadefaultaftertheexpirationofanynoticeandgraceperiodoraneventofdefaultunderanyothermaterialfinancingarrangementpursuanttowhichtheSupplierisadebtororanobligor;and

(e)

If(a)anyrepresentationorwarrantymadebytheSupplierwithrespecttoaPurchasedReceivableisorprovestobeinaccurate,incorrectoruntrue,inanymaterialrespect,onanydateasofwhichitismadeordeemedtobemade,(b)anycovenantinSection6isbreachedinanymaterialrespect;or(c)anylien,encumbranceoradverseclaimshallhaveoccurredorotherwiseexistwithrespecttosuchPurchasedReceivable(otherthaninfavoroftheInvestorortheInvestorAgent),then,ineachcase,providetotheInvestorAgentpromptlyuponitsrequest,atrueandcorrectcopyofeachContract,andanyamendmenttheretoenteredintoaftertheEffectiveDatetotheextentnecessaryfortheInvestororInvestorAgenttoexerciseitsrightsunderthisAgreement,providedhoweverthattheSupplierretainstheirrightinitssolediscretiontowithholdinformationcontainedineachContractand/oramendmentdisclosinganytradesecretsorotherconfidentialinformation,including,butnotlimitedtopricingandformulas.Fortheavoidanceofdoubt,anynon-publicinformationprovidedbytheSupplierpursuanttothissectionortheFacilityDocumentsshallbedeemedconfidentialinformationwhetherornotdisclosedtotheInvestorortheInvestorAgentthroughitssite,inwriting,orally,orbyanyothermeans.

6.2

TheSuppliershallnot:

(a)

extend,amendorotherwisemodifythetermsofanyPurchasedReceivable,ormakeanychangetoanyContractthatwouldmaketherepresentationsorwarrantiesrelatingtosuchPurchasedReceivablecontainedinSection4ofthisAgreementinaccurateinanyrespect,withoutthepriorwrittenconsentoftheInvestorAgent;

(b)

sell,assign(byoperationoflaworotherwise)orotherwisedisposeof,orgrantanyoptionwithrespectto,orcreateorsuffertoexistanyadverseclaimuponorwithrespectto,anyPurchasedReceivableortheproceedsthereoforanyContractunderwhichanyPurchasedReceivablearises,orassignanyrighttoreceiveincomewithrespectthereto,exceptfortheinterestoftheInvestorandInvestorAgent.Fortheavoidanceofdoubt,thePurchasePricepaidtoSupplierforsuchPurchasedReceivablesshallnotconstituteproceedsof,orarighttoreceiveincomewithrespecttosuchPurchasedReceivables;Notwithstandingtheforegoing,thisprovisionshallnotapplywithrespecttoanypropertyoftheSupplierthatisretainedbySupplier.

(c)

interferewithanycollectionofanyPurchasedReceivableorattempttoreceiveormake,collectionfromtheBuyerinrespectofanyPurchasedReceivable;and

(d)

changeitsname,identity,corporatestructureorjurisdictionofformationunlessitshall