MEMORANDUM OF EMPLOYMENT
Effective: April 1, 2010
The parties to this Memorandum of Employment (“Agreement”) are JOSEPH BERQUIST and Quaker Chemical
Corporation, a Pennsylvania corporation (“Quaker”).
You have been employed by Quaker as Senior Director NA Commercial. Effective April 1, 2010, you were appointed
Quaker’s Vice President and Managing Director (North America) and Quaker now wishes to adjust your compensation and
enter into this memorandum containing certain covenants in connection with this appointment.
NOW THEREFORE in consideration of the mutual promises and covenants herein contained and intending to be legally
bound hereby the parties hereto agree as follows:
Effective as of the date written above, Quaker agrees to employ you and you agree to serve as Quaker’s Vice President and
Managing Director (North America). You shall perform all duties consistent with such position as well as any other duties that
are assigned to you from time to time by Quaker’s Chief Executive Officer. You agree that during the term of your employment
with Quaker to devote your knowledge, skill, and working time solely and exclusively to the business and interests of Quaker
and its subsidiaries. Any and all prior employment agreements, with the exception of the March 10, 2010 Change of Control
agreement with Quaker are hereby terminated and have no legal effect except to the extent to recognize years of service from
original date of hire.
8952 Oakbrook Circle
Twinsburg, OH 44087
Quaker agrees to pay you a base salary, which shall be payable semimonthly. Your base salary is set forth in an addendum,
which is attached hereto and made a part hereof. The rate of base salary will be reviewed and adjusted on an annual basis
consistent with Quaker’s then current practice for reviewing executive officers’ salaries and performance. In addition, you will
be entitled to participate, to the extent eligible, in any of Quaker’s