Exhibit 10.1

Execution Version

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is dated as of September 21, 2018, by and among POOL CORPORATION, a Delaware
corporation (the “US Borrower”), SCP DISTRIBUTORS CANADA INC., a company
organized under the laws of Ontario (the “Canadian Borrower”), SCP POOL B.V., a
private company with limited liability (besloten vennootschap met beperkte
aansprakelijkheid), incorporated under the laws of the Netherlands, having its
seat (statutaire zetel) in Rotterdam, registered with the trade register of the
Chambers of Commerce (Kamers van Koophandel) under file number 24293315 (the
“Dutch Borrower” and, collectively with the US Borrower and the Canadian
Borrower, the “Borrowers”), the Subsidiary Guarantors party hereto, each Lender
party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as
administrative agent (in such capacity, the “Administrative Agent”).
Statement of Purpose
The Borrowers are party to that certain Amended and Restated Credit Agreement
dated as of September 29, 2017 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), by and among the Borrowers,
each lender party thereto (collectively, the “Lenders” and, each individually, a
“Lender”) and the Administrative Agent.
The Borrowers have requested, and the Administrative Agent and the Lenders have
agreed, subject to the terms and conditions set forth herein, to amend the
Credit Agreement, as specifically set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:
1.Capitalized Terms. All capitalized undefined terms used in this Amendment
(including, without limitation, in the Statement of Purpose hereto) shall have
the meanings assigned thereto in the Credit Agreement. This Amendment shall be a
“Loan Document” for all purposes of the Credit Agreement and the other Loan
Documents.

2.Amendments. Subject to and in accordance with the terms and conditions set
forth herein, the parties hereto hereby agree that the Credit Agreement is
amended as follows:

a.
Section 1.1 of the Credit Agreement is hereby amended by deleting the table in
the definition of “Applicable Margin” and replacing it in its entirety with the
following:

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Pricing Level
Average Total Leverage Ratio
Facility Fee
CDOR Rate +
LIBOR Rate +
and Swingline +
Base Rate +
and Canadian Base Rate+
I
Greater than or equal to 3.00 to 1.00
0.200%
1.425%
0.425%
II
Greater than or equal to 2.25 to 1.00 but less than 3.00 to 1.00
0.175%
1.200%
0.200%
III
Greater than or equal to 1.50 to 1.00 but less than 2.25 to 1.00
0.125%
1.125%
0.125%
IV
Less than 1.50 to 1.00
0.100%
1.025%
0.025%

b.
Section 5.1(d) of the Credit Agreement is hereby amended by inserting a new
subsection (iv) thereto to read in its entirety as follows:

“(iv)    The Borrowers each confirm that they and each of the other Credit
Parties understand and are able to calculate the rate of interest applicable to
each Loan based on the methodology for calculating per annum rates provided in
this Agreement.  The Credit Parties irrevocably agree not to plead or assert
(and to cause each other Credit Party to not plead or assert), whether by way of
defense or otherwise, in any proceeding relating to this Agreement or any other
Loan Document, that the interest payable under this Agreement or any other Loan
Document and the calculation thereof has not been adequately disclosed to the
Borrowers and the other Credit Parties as required pursuant to Section 4 of the
Interest Act (Canada) or any other Applicable Law.”

3.Effectiveness. This Amendment shall become effective on the date when the
following conditions shall have been satisfied or waived (such date, the
“Amendment Effective Date”):

(a)    The Administrative Agent shall have received each of the following (in
form and substance reasonably satisfactory to the Administrative Agent):
(i)    counterparts of this Amendment executed by the Borrowers, the Subsidiary
Guarantors, the Administrative Agent, each of the Lenders, the Euro Lender and
the Canadian Dollar Lender; and
(ii)    such other instruments, documents and certificates as the Administrative
Agent shall reasonably request in connection with the execution of this
Amendment.
(b)    Each representation and warranty contained in the Credit Agreement and
the other Loan Documents is true, correct and complete in all material respects
(except to the extent such representation and warranty is qualified by
materiality or reference to Material Adverse Effect, in which case such
representation and warranty shall be true and correct in all respects) as of the
Amendment Effective Date as if fully set forth herein, other than any such
representations or warranties that, by their express terms, refer to an earlier
date, in which case they shall have been true and correct as of such earlier
date.
(c)    No Default or Event of Default has occurred and is continuing as of the
Amendment Effective Date or would result after giving effect hereto.

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4.Limited Effect. Except as expressly provided herein, the Credit Agreement and
the other Loan Documents shall remain unmodified and in full force and effect.
This Amendment shall not be deemed (a) to be a waiver of, or consent to, or a
modification or amendment of, any other term or condition of the Credit
Agreement or any other Loan Document, (b) to prejudice any right or rights which
the Administrative Agent or the Lenders may now have or may have in the future
under or in connection with the Credit Agreement or the other Loan Documents or
any of the instruments or agreements referred to therein, as the same may be
amended, restated, supplemented or modified from time to time, or (c) to be a
commitment or any other undertaking or expression of any willingness to engage
in any further discussion with the Borrowers, any of their respective
Subsidiaries or any other Person with respect to any waiver, amendment,
modification or any other change to the Credit Agreement or the Loan Documents
or any rights or remedies arising in favor of the Lenders or the Administrative
Agent, or any of them, under or with respect to any such documents. References
in the Credit Agreement to “this Agreement” (and indirect references such as
“hereunder”, “hereby”, “herein”, “hereof” or other words of like import) and in
any Loan Document to the “Credit Agreement” shall be deemed to be references to
the Credit Agreement as modified hereby.

5.Representations and Warranties. By its execution hereof, each Credit Party
hereby represents and warrants as follows:

(a)    such Credit Party has the right, power and authority and has taken all
necessary corporate, limited liability and other action to authorize the
execution, delivery and performance of this Amendment and each other document
executed in connection herewith to which it is a party in accordance with their
respective terms; and
(b)    this Amendment and each other document executed in connection herewith
has been duly executed and delivered by its duly authorized officers, and each
such document constitutes the legal, valid and binding obligation of such Credit
Party, enforceable in accordance with its terms, except as such enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar
state or federal debtor relief laws from time to time in effect which affect the
enforcement of creditors’ rights in general and the availability of equitable
remedies.
6.Acknowledgement and Reaffirmation. By their execution hereof, each Credit
Party hereby expressly (a) consents to this Amendment and (b) acknowledges that
such Credit Party’s covenants, representations, warranties and other obligations
set forth in the Credit Agreement, the Notes, the Letter of Credit Applications,
the Subsidiary Guaranty Agreement and the other Loan Documents to which such
Credit Party is a party remains in full force and effect.

7.Costs, Expenses and Taxes.    The Borrowers agree to pay in accordance with
Section 15.3 of the Credit Agreement all reasonable costs and expenses of the
Administrative Agent in connection with the preparation, execution, delivery,
administration and enforcement of this Amendment and the other instruments and
documents to be delivered hereunder, including, without limitation, the
reasonable fees and out-of-pocket expenses of counsel to the Administrative
Agent with respect thereto and with respect to advising the Administrative Agent
as to its rights and responsibilities hereunder and thereunder.

8.Execution in Counterparts. This Amendment may be executed by one or more of
the parties to this Amendment on any number of separate counterparts, and all of
said counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile transmission or other electronic imaging means shall be
effective as delivery of a manually executed counterpart hereof.

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9.Governing Law. This Amendment and the rights and obligations of the parties
under this Amendment shall be governed by, and construed and interpreted in
accordance with, the law of the state of New York.

10. Jurisdiction and Venue; Waiver of Jury Trial.  Sections 15.6 and 15.7 of the
Credit Agreement are hereby incorporated by this reference as if fully stated
herein mutatis mutandis.

11.Entire Agreement. This Amendment is the entire agreement, and supersedes any
prior agreements and contemporaneous oral agreements, of the parties concerning
its subject matter.

12.Successors and Assigns. This Amendment shall be binding on and insure to the
benefit of the parties and their heirs, beneficiaries, successors and permitted
assigns.

[Signature Pages Follow]

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

BORROWERS:    POOL CORPORATION, as US Borrower
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer
    
SCP DISTRIBUTORS CANADA INC., as Canadian Borrower
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Treasurer

SCP POOL B.V., as Dutch Borrower
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Director

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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SUBSIDIARY GUARANTORS:    SCP DISTRIBUTORS LLC, as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer
    
SPLASH HOLDINGS, INC., as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer

ALLIANCE TRADING, INC., as Subsidiary Guarantor
By:    /s/ Melanie Housey Hart    
Name: Melanie Housey Hart
Title:     President and Secretary
    
CYPRESS, INC., as Subsidiary Guarantor
By:    /s/ Melanie Housey Hart    
Name: Melanie Housey Hart
Title:     President and Secretary

SUPERIOR POOL PRODUCTS LLC, as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer
    
    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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SCP INTERNATIONAL, INC., as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer
    
POOL DEVELOPMENT LLC, as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Chief Financial Officer

HORIZON DISTRIBUTORS, INC., as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     Senior Vice President & Treasurer
    
POOLFX SUPPLY LLC, as Subsidiary Guarantor
By:    /s/ Mark W. Joslin    
Name: Mark W. Joslin
Title:     President

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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ADMINISTRATIVE AGENT
AND LENDERS:    
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent, Swingline Lender, an Issuing Lender, the Canadian
Dollar Lender, the Euro Lender and a Lender
By: /s/ Joseph Gricco        
Name: Joseph Gricco    
Title: Vice President

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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BANK OF AMERCIA, N.A., as Lender

By: /s/ Adam Rose    
Name: Adam Rose    
Title: Senior Vice President    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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MUFG Union Bank, N.A., as Lender

By: /s/ Maria Iarriccio    
Name: Maria Iarriccio    
Title: Director    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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CAPITAL ONE, N.A., as Lender

By: /s/ Kiel E. Johnson    
Name: Kiel E. Johnson    
Title: Vice President    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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REGIONS BANK, as Lender

By: /s/ Jorge E. Goris    
Name: Jorge E. Goris    
Title: SVP    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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BRANCH BANKING AND TRUST COMPANY, as Lender

By: /s/ Erron Powers    
Name: Erron Powers    
Title: Senior Vice President    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD., NEW YORK BRANCH, as Lender

By: /s/ Hsiwei Chen    
Name: Hsiwei Chen    
Title: VP    

By: /s/ Pinyen Shih    
Name: Pinyen Shih    
Title: Executive Director    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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FIFTH THIRD BANK, as Lender

By: /s/ Jon C. Long    
Name: Jon C. Long    
Title: Vice President    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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JP MORGAN CHASE BANK, N.A., as Lender

By: /s/ Donald Hunt    
Name: Donald Hunt    
Title: Executive Director    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page

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THE BANK OF EAST ASIA, LTD., NEW YORK BRANCH, as Lender

By: /s/ James Hua    
Name: James Hua    
Title: SVP    

By: /s/ Kitty Sin    
Name: Kitty Sin    
Title: SVP    

First Amendment to Amended and Restated Credit Agreement
Pool Corporation
Signature Page