Exhibit 10.1
OMNIBUS AMENDMENT NO. 1
     This OMNIBUS AMENDMENT NO. 1, dated as of April 28, 2011 (this
“Amendment”), is entered into among INGRAM FUNDING INC., a Delaware corporation,
as seller (the “Seller”), INGRAM MICRO INC., a Delaware corporation, as initial
servicer (in such capacity, the “Servicer”) and as originator (in such capacity,
the “Originator”), THE PURCHASERS LISTED ON THE SIGNATURE PAGES HERETO (the
“Purchasers”), THE PURCHASER AGENTS LISTED ON THE SIGNATURE PAGES HERETO (the
“Purchaser Agents”) and BNP PARIBAS, a bank organized under the laws of France,
acting through its New York Branch, as program administrator (in such capacity,
the “Administrative Agent”) for each Purchaser Group.
BACKGROUND
     The parties to this Amendment are also parties to a Receivables Purchase
Agreement, dated as of April 26, 2010 (as amended, supplemented or otherwise
modified from time to time, the “Receivables Purchase Agreement”). The
Originator and the Seller are also parties to a Receivables Sale Agreement,
dated as of April 26, 2010 (as amended, supplemented or otherwise modified from
time to time, the “Receivables Sale Agreement”). The parties are entering into
this Amendment to amend or otherwise modify the Receivables Purchase Agreement
and the Receivables Sale Agreement (collectively, the “Agreements”).
AGREEMENT
     1. Definitions. Capitalized terms are used in this Amendment as defined in
Exhibit I of the Receivables Purchase Agreement.
     2. Amendments to Receivables Purchase Agreement. The parties to the
Receivables Purchase Agreement agree that the Receivables Purchase Agreement is
hereby amended as follows:
     (a) Exhibit I of the Receivables Purchase Agreement is hereby amended as
follows:
     the definition of “Termination Date” is hereby amended by replacing the
text “April 26, 2013” with the text “April 28, 2014” where it appears therein.
     (b) Schedule X of the Receivables Purchase Agreement is hereby replaced by
Schedule X attached hereto.
     3. Amendment to Section 1.1 of the Receivables Sale Agreement. The parties
to the Receivables Sale Agreement agree that Section 1.1 of the Receivables Sale
Agreement is hereby amended as follows:
     The definition of “Purchase Termination Date” is hereby amended by
replacing the text “April 26, 2013” with the text “April 28, 2014” where it
appears therein.

 

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     The Administrative Agent and the Majority Purchasers hereby consent to such
amendments to the Receivables Sale Agreement.
     4. Conditions. The amendments described in Sections 2 and 3 above shall
become effective upon the date on which each of the following conditions shall
have been satisfied:
     (a) this Amendment shall have been executed and delivered by each party
hereto;
     (b) the Administrative Agent and each Purchaser Agent shall have received
certified copies of the resolutions of the board of directors of the Seller
authorizing the execution, delivery, and performance by the Seller of this
Amendment and that certain fee letter, dated as of the date hereof, among the
Originator, the Seller, the Administrative Agent and The Bank of Nova Scotia
(“BNS”); and
     (c) the Administrative Agent and each Purchaser Agent shall have received a
favorable opinion of Davis Polk & Wardwell, counsel for the Seller and the
Originator, addressed to the Administrative Agent, each Purchaser, each
Purchaser Agent and each Alternate Purchaser in form and substance reasonably
satisfactory to the Administrative Agent.
     5. Reallocation. Each of the parties hereto severally and for itself agrees
that on and as of the date hereof, for good and valuable consideration, BNP
Paribas, as an Alternate Purchaser (“BNP”), hereby irrevocably sells, transfers,
conveys and assigns, without recourse, representation or warranty, to BNS, as an
Alternate Purchaser, and BNS hereby irrevocably purchases from BNP, a portion of
the rights and obligations of BNP under the Receivables Purchase Agreement and
each other Transaction Document in respect of the Maximum Purchase Amount of BNP
under the Receivables Purchase Agreement such that, after giving effect to the
foregoing assignment and delegation, each Alternate Purchaser’s Maximum Purchase
Amount for the purposes of the Receivables Purchase Agreement and each other
Transaction Document will be as set forth below such Alternate Purchaser’s
signature to this Amendment.
     6. Ratification. This Amendment constitutes an amendment to the Agreements.
After the execution and delivery of this Amendment, all references to the
Agreements in any document shall be deemed to refer to the Agreements as amended
by this Amendment, unless the context otherwise requires. Except as amended
above, the Agreements are hereby ratified in all respects. Except as set forth
above, the execution, delivery and effectiveness of this Amendment shall not
operate as an amendment or waiver of any right, power or remedy of the parties
hereto under the Agreements, nor constitute an amendment or waiver of any
provision of the Agreements. This Amendment shall not constitute a course of
dealing among the parties hereto at variance with the Agreements such as to
require further notice by any of the Administrative Agent, the Purchaser Agents
or the Purchasers to require strict compliance with the terms of the Agreements
in the future, as amended by this Amendment, except as expressly set forth
herein. Each of the Seller, the Servicer and the Originator hereby acknowledges
and expressly agrees that each of the Administrative Agent, the Purchaser Agents
and the Purchasers reserves the right to, and does in fact, require strict
compliance with all terms and provisions of the Agreements, as amended herein.

 

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     7. Miscellaneous. This Amendment may be executed by the parties hereto in
separate counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute but one and the
same instrument. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective officers hereunto duly authorized as of the
day and year first above written.

            INGRAM FUNDING INC.,
as Seller
      By:   /s/ Erik Smolders         Name:   Erik Smolders        Title:  
Treasurer     

            INGRAM MICRO INC.,
as Servicer and Originator
      By:   /s/ Gregory M. Spierkel         Name:   Gregory M. Spierkel       
Title:   Chief Executive Officer     

                  By:   /s/ William D. Humes         Name:   William D. Humes   
    Title:   Senior Executive Vice President and Chief Financial Officer   

 

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            THE PURCHASER GROUPS:
BNP PARIBAS, as Purchaser Agent for the
Starbird Purchaser Group
      By:   /s/ Sean Reddington         Name:   Sean Reddington        Title:  
Managing Director              By:   /s/ Philippe Mojon         Name:   Philippe
Mojon        Title:   Director        BNP PARIBAS,
as related Alternate Purchaser
      By:   /s/ Sean Reddington         Name:   Sean Reddington        Title:  
Managing Director              By:   /s/ Philippe Mojon         Name:   Philippe
Mojon        Title:   Director        MAXIMUM PURCHASE AMOUNT: $250,000,000
                       

 

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            STARBIRD FUNDING CORPORATION,
as Conduit Purchaser
      By:   /s/ David V. DeAngelis         Name:   David V. DeAngelis       
Title:   Vice President   

 

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            THE BANK OF NOVA SCOTIA, as Purchaser Agent for
the Liberty Street Purchaser Group
      By:   /s/ John Mathews         Name:   John Mathews        Title:  
Director—Corporate Banking          THE BANK OF NOVA SCOTIA, as related
Alternate Purchaser
      By:   /s/ John Mathews         Name:   John Mathews        Title:  
Director—Corporate Banking          MAXIMUM PURCHASE AMOUNT: $250,000,000
                     

 

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            LIBERTY STREET FUNDING LLC,
as Conduit Purchaser
      By:   /s/ Jill A. Russo         Name:   Jill A. Russo        Title:   Vice
President     

 

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            BNP PARIBAS,
as Administrative Agent
      By:   /s/ Sean Reddington         Name:   Sean Reddington        Title:  
Managing Director              By:   /s/ Philippe Mojon         Name:   Philippe
Mojon        Title:   Director     

 

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SCHEDULE X
FISCAL MONTHS
Fiscal Month-End Dates for Yrs. 2010, 2011, 2012, 2013 and 2014

                      2010   Start Date   End Date   2012   Start Date   End
Date
January
  Jan 3, 2010   Jan 30, 2010   January   Jan 1, 2012   Jan 28, 2012
February
  Jan 31, 2010   Feb 27, 2010   February   Jan 29, 2012   Feb 25, 2012
March
  Feb 28, 2010   Apr 3, 2010   March   Feb 26, 2012   Mar 31, 2012
April
  Apr 4, 2010   May 1, 2010   April   Apr 1, 2012   Apr 28, 2012
May
  May 2, 2010   May 29, 2010   May   Apr 29, 2012   May 26, 2012
June
  May 30, 2010   Jul 3, 2010   June   May 27, 2012   Jun 30, 2012
July
  Jul 4, 2010   Jul 31, 2010   July   Jul 1, 2012   Jul 28, 2012
August
  Aug 1, 2010   Aug 28, 2010   August   Jul 29, 2012   Aug 25, 2012
September
  Aug 29, 2010   Oct 2, 2010   September   Aug 26, 2012   Sep 29, 2012
October
  Oct 3, 2010   Oct 30, 2010   October   Sep 30, 2012   Oct 27, 2012
November
  Oct 31 , 2010   Nov 27, 2010   November   Oct 28, 2012   Nov 24, 2012
December
  Nov 28 , 2010   Jan 1, 2011   December   Nov 25 , 2012   Dec 29, 2012

                      2011   Start Date   End Date   2013   Start Date   End
Date
January
  Jan 2, 2011   Jan 29, 2011   January   Dec 30, 2012   Jan 26, 2013
February
  Jan 30, 2011   Feb 26, 2011   February   Jan 27, 2013   Feb 23, 2013
March
  Feb 27, 2011   Apr 2, 2011   March   Feb 24, 2013   Mar 30, 2013
April
  Apr 3, 2011   Apr 30, 2011   April   Mar 31, 2013   Apr 27, 2013
May
  May 1, 2011   May 28, 2011   May   Apr 28, 2013   May 25, 2013
June
  May 29, 2011   Jul 2, 2011   June   May 26, 2013   Jun 29, 2013
July
  Jul 3, 2011   Jul 30, 2011   July   Jun 30, 2013   Jul 27, 2013
August
  Jul 31, 2011   Aug 27, 2011   August   Jul 28, 2013   Aug 24, 2013
September
  Aug 28, 2011   Oct 1, 2011   September   Aug 25, 2013   Sep 28, 2013
October
  Oct 2, 2011   Oct 29, 2011   October   Sep 29, 2013   Oct 26, 2013
November
  Oct 30 , 2011   Nov 26, 2011   November   Oct 27 , 2013   Nov 23, 2013
December
  Nov 27 , 2011   Dec 31, 2011   December   Nov 24, 2013   Dec 28, 2013

 

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          2014   Start Date   End Date
January
  Dec 29, 2013   Jan 25, 2014
February
  Jan 26, 2014   Feb 22, 2014
March
  Feb 23, 2014   Mar 29, 2014
April
  Mar 30, 2014   Apr 26, 2014
May
  Apr 27, 2014   May 24, 2014
June
  May 25, 2014   Jun 28, 2014
July
  Jun 29, 2014   Jul 26, 2014
August
  Jul 27, 2014   Aug 23, 2014
September
  Aug 24, 2014   Sep 27, 2014
October
  Sep 28, 2014   Oct 25, 2014
November
  Oct 26, 2014   Nov 22, 2014
December
  Nov 23, 2014   Dec 27, 2014