EXHIBIT 10.32
Execution Version
AMENDED AND RESTATED
CONSULTING SERVICES AGREEMENT
This Amended and Restated Consulting Services Agreement (this “Agreement”), dated as of May 11, 2017, by and between PPD Development, L.P., a Delaware limited partnership (the “Company”), Hellman & Friedman LP, a Delaware limited partnership (“Consultant”), and, solely for purposes ofSection 1(a), Jaguar Holding Company I, a Delaware corporation (“Jaguar I”).
RECITALS
WHEREAS, Consultant, by and through its officers, employees, agents, representatives and Affiliates (as defined below), has expertise in, among other things, management of businesses and organizations, business strategy, analysis of industries and markets, acquisition and disposition strategy, business due diligence, business integration and other matters relating to the strategic and financial (as opposed to operational) management of businesses; and
WHEREAS, the Company desires to avail itself of the expertise of Consultant in the aforesaid areas, in which it acknowledges the expertise of Consultant;
WHEREAS, Jaguar I and Consultant previously entered into that certain Consulting Services Agreement, dated as of December 5, 2011 (the “Prior Agreement”);
WHEREAS, Jaguar I desires to assign the Prior Agreement to the Company, effective concurrently with the execution of this Agreement;
WHEREAS, the parties desire to amend and restate the Prior Agreement in its entirety as set forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and conditions herein set forth, the parties hereto agree as follows:
Section 1.Amendment and Restatement; Appointment.
(a) The parties hereby irrevocably and unconditionally agree that (i) Jaguar I hereby assigns to the Company all of its right, title and interest in and to the Prior Agreement, and the Company hereby assumes and agrees to discharge and perform all of the obligations and liabilities of Jaguar I under the Prior Agreement and all references to the Company under the Prior Agreement shall be deemed to refer to PPD Development, L.P., in each case, effective concurrently with the execution of this Agreement, and (ii) the Prior Agreement is hereby amended and restated (and not terminated) in its entirety as set forth herein;provided,however, that, for the avoidance of doubt, nothing herein limits in any way Consultant’s rights (x) under the Prior Agreement (A) with respect to Advisory Fees (as defined in the Prior Agreement) or other compensation for services provided, or otherwise accrued prior to the date hereof, or (B) with respect toOut-of-Pocket Expenses (as defined in the Prior Agreement) accrued prior to the
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