THIS EMPLOYMENT AGREEMENT, made and entered into as of the 14 day of June, 1993, by and between
QUAKER CHEMICAL CORPORATION, a Pennsylvania corporation (hereinafter referred to as
"QUAKER"), and JOSE LUIZ BREGOLATO (hereinafter referred to as "BREGOLATO").
W I T N E S S E T H:
WHEREAS, QUAKER wishes to employ BREGOLATO and BREGOLATO wishes to be employed by
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:
1. QUAKER agrees to employ BREGOLATO and BREGOLATO agrees to serve QUAKER as Vice
President-South America of QUAKER and such other executive and administrative duties as shall be assigned to
him by the Board of Directors or President of QUAKER.
2. The term of BREGOLATO's employment shall commence on 14 June 1993 and continue for an indefinite
period of time.
3. QUAKER shall pay to BREGOLATO and BREGOLATO shall accept an annual rate of salary as set forth in
Exhibit A attached hereto, payable semi-monthly, during the term of this Employment Agreement or any
extension or renewal thereof.
4. BREGOLATO shall participate in such QUAKER Incentive Programs as described and set forth in Exhibit A.
As an Officer of
Exhibit 10(k) Page
QUAKER, the particulars of Exhibit A may be amended by the Board of Directors at any time as to any matter
set forth therein including rate of annual salary, eligibility to participate in any given QUAKER incentive plan, the
level of participation in any QUAKER incentive plan, and the terms and conditions of any QUAKER incentive
plan. Any changes to Exhibit A shall not affect any of the other terms and conditions hereof including, without
limitation, the provisions of Paragraph 10. For the purposes of this Agreement, the term "QUAKER Incentive
Program" shall refer to each individual as well as the combined incentive programs approved by the Board of
Directors. Revisions to Exhibit A shall become effective up