EXECUTION VERSION

AMENDMENT NO. 1 TO
TERM LOAN CREDIT AGREEMENT

AMENDMENT NO. 1 TO TERM LOAN CREDIT AGREEMENT, dated as of February 15, 2017
(this “Amendment”), which amends that certain Term Loan Credit Agreement, dated
as of November 2, 2016 (as in effect prior to this Amendment, the “Existing
Credit Agreement”) by and among Tech Data Corporation, a Florida corporation, as
borrower (the “Borrower”), the lenders party thereto from time to time (the
“Lenders”), Bank of America, N.A., as administrative agent (in such capacity,
the “Administrative Agent”), and the other agents and parties thereto.
W I T N E S S E T H :
WHEREAS, the parties hereto now desire to amend the Existing Credit Agreement to
(i) permit certain transactions anticipated to occur in connection with the
Kohler Acquisition and (ii) make certain other modifications.
THEREFORE, the parties hereto, constituting the Borrower, the Administrative
Agent and the Required Lenders, agree as follows:
SECTION 1. Defined Terms; References. Unless otherwise specifically defined
herein, each term used herein that is defined in the Amended Credit Agreement
has the meaning assigned to such term in the Amended Credit Agreement. Each
reference in the Existing Credit Agreement to “this Agreement”, “hereof”,
“hereunder”, “herein” and “hereby” and each other similar reference, and each
reference in any other Loan Document to “the Credit Agreement”, “thereof”,
“thereunder”, “therein” or “thereby” or any other similar reference to the
Existing Credit Agreement shall, from the Amendment Effective Date, refer to the
Existing Credit Agreement as amended by this Amendment (the “Amended Credit
Agreement”). For the avoidance of doubt, this Amendment shall constitute a “Loan
Document” for all purposes under the Amended Credit Agreement and the other Loan
Documents.
SECTION 2. Amendments. Effective as of the Amendment Effective Date (as defined
below):
(a)    Section 1.01 of the Existing Credit Agreement is hereby amended to add
the following defined terms in appropriate alphabetical order:
“Amendment No. 1” means Amendment No. 1 to Term Loan Credit Agreement, dated as
of February 15, 2017.
“Amendment No. 1 Effective Date” means February 15, 2017, the date of
effectiveness of Amendment No. 1.
“Permitted Kohler-Related Transfers” means the transfer by the Borrower or any
direct or indirect wholly-owned Subsidiary of the Borrower of the capital stock
or other equity interests in any direct or indirect Subsidiary of the Borrower
to any other direct or indirect wholly-owned Subsidiary of the Borrower, in each
case in connection with the

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Kohler Acquisition or the Kohler Supplemental Acquisition and occurring prior to
the date that is 120 days after the Kohler Acquisition Closing Date, that does
not directly or indirectly result in the release of any Guarantor from the
Facility Guaranty or otherwise cause any Person that would have been required to
be or become a Guarantor in respect of this Agreement (as in effect prior to the
Amendment No. 1 Effective Date) to no longer be so required to be or become a
Guarantor.
“Kohler Supplemental Acquisition” means the acquisition of the “OEM Embedded
Business” line of business of Avnet, Inc. related to the integration of multiple
original equipment manufacturer technology products pursuant to customer
contracts, such as computers and storage, into a single integrated technology
platform from Avnet, Inc. on or about the Kohler Acquisition Closing Date;
provided, the Borrower and its Subsidiaries shall not pay direct or indirect
consideration for the Kohler Supplemental Acquisition (including consideration
effected by working capital adjustments) in an aggregate amount in excess of
$80,000,000.
(b)    The definition of “Consolidated EBITDA” in Section 1.01 of the Existing
Credit Agreement is hereby amended to add the phrase “or, if applicable, the
Kohler Supplemental Acquisition” after the phrase “cash integration and
restructuring costs in connection with the Kohler Acquisition Transactions”.
(c)    The definition of “Excluded Subsidiary” in Section 1.01 of the Existing
Credit Agreement is hereby amended and restated in its entirety with the
following:
“Excluded Subsidiary” means (a) Tech Data Finance SPV, Inc., (b) any Domestic
Subsidiary that is a Special Purpose Finance Subsidiary, (c) any Domestic
Subsidiary all or substantially all of the assets of which consist of one or
more controlled foreign corporations and (d) any Domestic Subsidiary that is a
pass-through entity for U.S. federal income tax purposes and is directly or
indirectly owned by one or more controlled foreign corporations.
(d)    Section 7.11 of the Existing Credit Agreement is hereby amended and
restated in its entirety with the following:
7.11     Use of Proceeds. Use the proceeds of the Borrowings solely to pay (i) a
cash portion of the consideration payable in connection with the Kohler
Acquisition and, if applicable, the Kohler Supplemental Acquisition and (ii)
fees, costs and expenses relating to the Kohler Acquisition and the other Kohler
Acquisition Transactions and, if applicable, the Kohler Supplemental
Acquisition.
(e)    The introductory sentence of Article VI of the Existing Credit Agreement
is hereby amended to replace the phrase “(giving effect to the Kohler
Acquisition Transactions)” with the phrase “(giving effect to the Kohler
Acquisition Transactions and, if applicable, the Kohler Supplemental
Acquisition)”.

    
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(f)    Section 8.01(q) of the Existing Credit Agreement is hereby amended to add
the phrase “(or, as applicable, the Kohler Supplemental Acquisition)” after the
phrase “Kohler Acquisition” in each of clauses (i) and clause (ii) of the
proviso thereof.
(g)    Section 8.02(l) of the Existing Credit Agreement is hereby amended and
restated in its entirety with the following:
(l)    the Kohler Acquisition, the Kohler Supplemental Acquisition and
Investments between or among the Borrower and its direct or indirect
wholly-owned Subsidiaries in connection with the consummation of the Kohler
Acquisition or the Kohler Supplemental Acquisition and Investments constituting
Permitted Kohler-Related Transfers; and
(h)    Section 8.03(h) of the Existing Credit Agreement is hereby amended and
restated in its entirety with the following:
(h)     Indebtedness of the Kohler Acquired Business or the business acquired
pursuant to the Kohler Supplemental Acquisition or, in either case, any
Subsidiaries thereof existing at the time of consummation of the Kohler
Acquisition or the Kohler Supplemental Acquisition, as applicable, provided that
(i) such Indebtedness was not incurred in contemplation of such Acquisition and
(ii) the aggregate principal amount of Indebtedness permitted pursuant to this
clause (h) shall not exceed $105,000,000 at any time outstanding;
(i)    Section 8.04 of the Existing Credit Agreement is hereby amended to (i)
delete the word “and” appearing as the last word in Section 8.04(d), (ii)
replace the period appearing at the end of Section 8.04(e) with “; and” and
(iii) add the following clause (f) to the end of such Section 8.04:
(f)    the Borrower and any direct or indirect wholly-owned Subsidiary may
engage in transactions constituting Permitted Kohler-Related Transfers.
(j)    Section 8.08 of the Existing Credit Agreement is hereby amended to
replace “(x) between or among the Borrower and any Guarantor or between and
among any Guarantors or (y) on terms that satisfy Section 482 of the Code and
the Treasury Regulations thereunder” with “(x) between or among the Borrower and
any Guarantor or between and among any Guarantors, (y) on terms that satisfy
Section 482 of the Code and the Treasury Regulations thereunder or (z)
constituting Permitted Kohler-Related Transfers”.
(k)    Section 8.12 of the Existing Credit Agreement is hereby amended to
replace the phrase “the Kohler Acquisition shall be permitted on the Funding
Date” with the phrase “the Kohler Acquisition shall be permitted on the Funding
Date and the Kohler Supplemental Acquisition shall be permitted on or about the
Funding Date”.
SECTION 3. Representations of the Borrower. The Borrower represents and warrants
that (a) it has all requisite power and authority and all requisite governmental
licenses, authorizations,

    
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consents and approvals to execute, deliver and perform any obligations under
this Amendment and (b) this Amendment has been duly executed and delivered by
the Borrower, and it constitutes a legal, valid and binding obligation thereof,
enforceable against the Borrower in accordance with its terms.
SECTION 4. Effectiveness of Amendments. This Amendment shall become effective on
the date hereof upon receipt by the Administrative Agent of a signed counterpart
of this Amendment from each of (x) the Borrower, (y) the Required Lenders and
(z) the Administrative Agent (such date, the “Amendment Effective Date”).
SECTION 5. Certain Consequences Of Effectiveness.
(a)    Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of, or otherwise
affect the rights and remedies of the Lenders, the Administrative Agent, any
Guarantor or any other party under the Existing Credit Agreement or any other
Loan Document, and shall not alter, modify, amend or in any way affect any of
the terms, conditions, obligations, covenants or agreements contained in the
Existing Credit Agreement or any other Loan Document, all of which are ratified
and affirmed in all respects and shall continue in full force and effect.
(b)    Nothing herein shall be deemed to entitle the Borrower or any Guarantor
to a consent to, or a waiver, amendment, modification or other change of, any of
the terms, conditions, obligations, covenants or agreements contained in the
Existing Credit Agreement or Amended Credit Agreement on any future occasion.
(c)    By signing this Amendment, the Borrower hereby confirms that (i) the
obligations of each of the Loan Parties under the Amended Credit Agreement and
the other Loan Documents (as amended hereby) constitute Obligations and are
entitled to the benefit of the guarantees set forth in the Facility Guaranty and
the benefits set forth in each Loan Document and (ii) the Loan Documents are,
and shall continue to be, in full force and effect and are hereby ratified and
confirmed in all respects.
SECTION 6. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.
SECTION 7. Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. Delivery by
electronic means (including facsimile or “pdf”) of an executed counterpart of a
signature page to this Amendment shall be effective as delivery of an original
executed counterpart hereof.
[Remainder of Page Intentionally Empty]

    
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.
TECH DATA CORPORATION,
as Borrower
By:
   /s/ Scott W. Walker
 
Name: Scott W. Walker
 
Title: Corporate Vice President, Treasurer

[Amendment No. 1 to Term Loan Credit Agreement]

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Bank of America, N.A.,
as a Lender

By:
   /s/ My-Linh Yoshiike
 
Name: My-Linh Yoshiike
 
Title: Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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THE BANK OF NOVA SCOTIA,
as a Lender

By:
   /s/ Diane Emanuel
 
Name: Diane Emanuel
 
Title: Managing Director

[Amendment No. 1 to Term Loan Credit Agreement]

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The Bank of Tokyo‑Mitsubishi UFJ, LTD.,
as a Lender

By:
   /s/ Matthew Antioco
 
Name: Matthew Antioco
 
Title: Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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BNP PARIBAS,
as a Lender

By:
   /s/ Todd Rodgers
 
Name: Todd Rodgers
 
Title: Director
By:
   /s/ Liz Cheng
 
Name: Liz Cheng
 
Title: Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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CITIBANK, N.A.,
as a Lender

By:
   /s/ Susan M. Olsen
 
Name: Susan M. Olsen
 
Title: Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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J.P. Morgan Chase Bank,
as a Lender

By:
   /s/ Justin Kelley
 
Name: Justin Kelley
 
Title: Executive Director

[Amendment No. 1 to Term Loan Credit Agreement]

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MIZUHO BANK (USA),
as a Lender

By:
   /s/ Daniel Guevara
 
Name: Daniel Guevara
 
Title: Director

[Amendment No. 1 to Term Loan Credit Agreement]

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PNC Bank, National Association, as Lender

By:
   /s/ C.J. Mintrone
 
Name: C.J. Mintrone
 
Title: Senior Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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RAYMOND JAMES BANK, N.A.,
as a Lender

By:
   /s/ Kathy Bennett
 
Name: Kathy Bennett
 
Title: SVP

[Amendment No. 1 to Term Loan Credit Agreement]

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Skandinaviska Enskilda Banken AB
(publ),
as a Lender

By:
   /s/ Penny Neville‑Park
 
Name: Penny Neville‑Park
 
Title:
 
By:
   /s/ Duncan Nash
 
Name: Duncan Nash
 
Title:
 
 
 
 

[Amendment No. 1 to Term Loan Credit Agreement]

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TD Bank, N.A.,
as a Lender

By:
   /s/ Shreya Shah
 
Name: Shreya Shah
 
Title: Senior Vice President

[Amendment No. 1 to Term Loan Credit Agreement]

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Acknowledged:

BANK OF AMERICA, N.A.,
as Administrative Agent

By:
   /s/ Angela Larkin
 
Name: Angela Larkin
 
Title: Assistant Vice President

[Amendment No. 1 to Term Loan Credit Agreement]