Document:

firstamendrevolving

                                                         EXECUTION VERSION                                                                                                             AMENDMENT NO. 1 TO      THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT                                                 AMENDMENT NO. 1 TO THIRD AMENDED AND RESTATED REVOLVING  CREDIT AGREEMENT, dated as of April 29, 2020 (this “Amendment”), which amends that  certain Third Amended and Restated Revolving Credit Agreement, dated as of May 15, 2019 (as  in effect prior to this Amendment, the “Existing Credit Agreement”) by and among TECH  DATA CORPORATION, a Florida corporation (the “Company”), certain subsidiaries of the  Company party thereto (together with the Company, the “Borrowers”, each a “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”), swing line lender and a letter  of credit issuer, 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 in connection with the Restructuring Transactions (as defined below)  and (ii) make certain other modifications.         WHEREAS, the Loan Parties request the consent of the Required Lenders and the  acknowledgment of the Administrative Agent to the following transactions  as described to the  Administrative Agent and the Required Lenders in writing prior to the date hereof (collectively,  the “Restructuring Transactions”) in connection with tax planning and tax reorganization: (i)  transfers by the Company and/or other Loan Parties of certain equity interests and intercompany  indebtedness, (ii) the issuance by the Company and/or its direct or indirect wholly-owned  Subsidiaries of certain intercompany indebtedness, (iii) the making of Investments by the  Company and/or its direct or indirect wholly-owned Subsidiaries in the form of loans and capital  contributions in Foreign Subsidiaries and (iv) related transactions.          THEREFORE, the parties hereto, constituting each 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 No. 1 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 No. 1 Effective Date (as  defined below):   [AM_ACTIVE 402042001_3]  #93144415v5                                                                    

 

                                                                                        (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 Third Amended and Restated         Revolving Credit Agreement, dated as of April 29, 2020.                “Restructuring Transactions” has the meaning assigned to such term in Amendment         No. 1.          (b)  Section 8.02 of the Existing Credit Agreement is hereby amended to (i) delete the  word “and” appearing as the last word in Section 8.02(l), (ii) replace the period appearing at the  end of Section 8.02(m) with “; and” and (iii) add the following clause (n) to the end of such Section   8.02:                (n)   the Borrowers and any direct or indirect wholly-owned Subsidiary may               consummate the Restructuring Transactions.         (c)  Section 8.05 of the Existing Credit Agreement is hereby amended to (i) delete the   word “and” appearing as the last word in Section 8.05(f), (ii) replace the semicolon appearing at   the end of Section 8.05(g) with “; and” and (iii) add the following clause (h) immediately after   clause (g) in such Section 8.05:                (h)   the Borrowers and any direct or indirect wholly-owned Subsidiary may               consummate the Restructuring Transactions.          SECTION 3.  Consent to Restructuring Transactions.  At the request of the Loan Parties,   and subject to the terms and conditions set forth herein, the Administrative Agent and Lenders   constituting the Required Lenders hereby waive the application of any provision of the Amended   Credit Agreement and any of the other Loan Documents which would otherwise restrict the   Restructuring Transactions or require the utilization of a dollar based “basket” in the Existing   Credit Agreement, and the Administrative Agent and each Lender party hereto hereby expressly   consents to the consummation of the Restructuring Transactions and the Restructuring   Transactions (including any Restructuring Transactions that have occurred on or prior to the   Amendment No. 1 Effective Date) shall be permitted without requiring the utilization of any dollar   based “basket” in the Amended Credit Agreement.  The foregoing consents and waivers in this   Section 3 are solely with respect to the Restructuring Transactions, and shall not be deemed to be   a consent to or waiver of, or an obligation or agreement to consent or waive, any other provisions   of the Amended Credit Agreement in respect of any other transactions at any time proposed by   any Loan Party.          SECTION 4.  Representations of each Borrower.  By its execution of this Amendment,   each Borrower hereby represents and warrants that (a) it has all requisite power and authority and   all requisite governmental licenses, authorizations, consents and approvals to execute, deliver and   perform any obligations under this Amendment (including, without limitation, to reaffirm its                                                                                                                                 2   [AM_ACTIVE 402042001_3]   #93144415v5                                                                    

 

                                                                                 obligations under the Existing Credit Agreement as amended hereby) and (b) this Amendment has  been duly executed and delivered by such Borrower, and this Amendment, and the Existing Credit  Agreement as amended hereby, constitutes a legal, valid and binding obligation thereof,  enforceable against such Borrower in accordance with its terms.         SECTION 5.  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) each Borrower, (y) the Required Lenders and (z) the Administrative  Agent (such date, the “Amendment No. 1 Effective Date”).         SECTION 6. 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 Subsidiary 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.  This Amendment shall constitute a “Loan  Document” for all purposes of the Amended Credit Agreement and the other Loan Documents.           (b)  Except as expressly set forth herein, nothing herein shall be deemed to entitle any  Borrower or any Subsidiary 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, each Borrower hereby acknowledges and reaffirms, as  of the date hereof, 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 7.  Governing Law.  This Amendment shall be governed by and construed in  accordance with the laws of the State of New York.         SECTION 8.  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]                                                                                                                              3  [AM_ACTIVE 402042001_3]  #93144415v5                                                                    

 

 

Acknowledged and agreed:  BANK OF AMERICA, N.A., as Administrative Agent  By:     Name:  Felicia Brinson     Title: Assistant Vice President             [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

                              BANK OF AMERICA, N.A.,                               as a Lender                                 By:                                    Name:  Amanuel Assefa                                    Title: Vice President   [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

                              The Toronto-Dominion Bank, New York                                Branch,                                as a Lender                                 By:                                    Name: Brian MacFarlane                                    Title: Authorized Signatory   [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

                                      CITIBANK, N.A.,                                        as a Lender                                          By:                                              Name:                                              Title:    [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

                              MUFG BANK, LTD.,                               as a Lender                                 By:                                   Name: Lillian  Kim                                   Title: Director   [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement]

 

                              JPMORGAN CHASE BANK N.A.,                               as a Lender                                 By:                                     Name:  Caitlin Stewart                                    Title: Executive Director   [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

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                              BNP PARIBAS,                                as a Lender                                  By:                                       Name: Barbara Nash                                     Title:  Managing Director                                  By:                                      Name: Chief Marbumrung                                     Title:  Vice President    [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement] 

 

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                                                         Societe Generale,                                                as a Lender                                                                                                                                                 By:                                                        Name:  John Hogan                                                     Title: Director             

 

                                                                                     

 

                              BANCO SANTANDER, S.A., NEW                                YORK BRANCH,                               as a Lender                                  By:                                    Name: Pablo Urgoiti                                    Title: Managing Director                                 By:                                    Name:me: Rita  Walz-CuccioliWalz-CuC ccioli                                    Title: Executive Director   [Amendment No. 1 to Third Amended and Restated Revolving Credit Agreement]amendment2taa

                                                               Execution Version                          SECOND AMENDMENT TO THE    AMENDED AND RESTATED TRANSFER AND ADMINISTRATION AGREEMENT         This SECOND AMENDMENT     TO THE AMENDED AND RESTATED TRANSFER  AND ADMINISTRATION AGREEMENT (this “Amendment”), dated as of April 23, 2020 (the  “Effective Date”), is entered into by and among the following parties:         (i)   TECH DATA FINANCE SPV, INC., as Transferor;         (ii)  TECH DATA CORPORATION, as Collection Agent;         (iii) THE BANK OF NOVA SCOTIA, as Administrative Agent, as Class Agent and              as a Bank Investor for the Scotia Bank Class;         (iv)  LIBERTY STREET FUNDING LLC, as Class Conduit for the Scotia Bank Class;         (v)   PNC BANK, NATIONAL ASSOCIATION, as Class Agent and as a Bank              Investor for the PNC Class;         (vi)  MUFG BANK, LTD. (f/k/a The Bank of Tokyo Mitsubishi UFJ, Ltd., New York              Branch), as Class Agent and as a Bank Investor for the MUFG Class;         (vii) VICTORY RECEIVABLES CORPORATION, as Class Conduit for the MUFG              Class;         (viii) MIZUHO BANK, LTD., as Class Agent and as a Bank Investor for the Mizuho              Class;         (ix)  BNP PARIBAS, as Class Agent and as a Bank Investor for the BNP Class;         (x)   STARBIRD FUNDING CORPORATION, as Class Conduit for the BNP Class         Capitalized terms used but not otherwise defined herein (including such terms used above  and in Schedule A) have the respective meanings assigned thereto in the Amended Transfer and  Administration Agreement described below.                                 BACKGROUND         1.    The parties hereto have entered into the Amended and Restated Transfer and  Administration Agreement, dated as of August 8, 2017 (as amended, amended and restated,  supplemented or otherwise modified prior to the date hereof, the “Transfer and Administration  Agreement”, and as amended on the date hereof, the “Second Amended TAA”).         2.    The parties hereto desire to amend the Transfer and Administration Agreement as  set forth herein.         NOW, THEREFORE, with the intention of being legally bound hereby, and in  consideration of the mutual undertakings expressed herein, each party to this Amendment hereby  agrees as follows:                                                   [AM_ACTIVE 401904462_3] 

 

       SECTION 1.  Amendment  of Transfer and Administration Agreement.  In the first   sentence of Section 2.04(b) of the Transfer and Administration Agreement, “thirty (30) days’” is   replaced with “three (3) Business Days’”.          SECTION 2.  Representations and Warranties of the Transferor and Collection Agent.    The Transferor and Collection Agent hereby represent and warrant to each of the parties hereto   as of the date hereof as follows:                (a)   Representations and Warranties.  The representations and warranties         made by it in Section 6.01 or Section 6.02, as applicable, of the Transfer and         Administration Agreement are true and correct on and as of the date hereof unless such         representations and warranties by their terms refer to an earlier date, in which case they         shall be true and correct on and as of such earlier date.                (b)   Power and Authority; Due Authorization.  It has all necessary power and         authority to execute and deliver this Amendment and perform its obligations under this        Amendment (including the Second Amended TAA).                (c)   Binding Obligations.  This Amendment (including the Second Amended        TAA)  constitutes the legal, valid and binding obligation of such party, enforceable        against it in accordance with its terms, except (i) as such enforceability may be limited by        applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws        affecting the enforcement of creditors’ rights generally and (ii) as such enforceability         may be limited by general principles of equity, regardless of whether such enforceability         is considered in a proceeding in equity or at law.                (d)   No Termination Event.  No Termination Event or Potential Termination         Event has occurred and is continuing, and no Termination Event or Potential Termination         Event would result from this Amendment.          SECTION 3.  Effect of Amendment; Ratification.  All provisions of the Transfer and   Administration Agreement and the other Transaction Documents, as expressly amended and   modified by this Amendment, shall remain in full force and effect.  After this Amendment   becomes effective, all references in the Transfer and Administration Agreement (or in any other   Transaction Document) to “this Amended and Restated Transfer and Administration   Agreement”, “this Agreement”, “hereof”, “herein” or words of similar effect referring to the   Transfer and Administration Agreement shall be deemed to be references to the Second   Amended TAA.  This Amendment shall not be deemed, either expressly or impliedly, to waive,  amend or supplement any provision of the Transfer and Administration Agreement other than as   set forth herein.  The Transfer and Administration Agreement, as amended by this Amendment,   is hereby ratified and confirmed in all respects.          SECTION 4.  Conditions to Effectiveness.  This Amendment shall become effective as   of the Effective Date upon receipt of counterparts hereto duly executed by each of the parties   hereto.          SECTION 5.  Severability.  Any provisions of this Amendment which are prohibited or   unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such                                          2          [AM_ACTIVE 401904462_3] 

 

prohibition or unenforceability without invalidating the remaining provisions hereof, and any  such prohibition or unenforceability in any jurisdiction shall not invalidate or render  unenforceable such provision in any other jurisdiction.         SECTION 6.  Counterparts.  This Amendment may be executed in any number of  counterparts, each of which when so executed shall be deemed to be an original and all of which  when taken together shall constitute one and the same agreement.  Delivery of an executed  counterpart hereof by facsimile or other electronic means shall be equally effective as delivery of  an originally executed counterpart.         SECTION 7.  GOVERNING LAW AND JURISDICTION.          (a)   THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE  PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE  WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401  AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK,  BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS  THEREOF.         (b)   EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE  NON-EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE OR FEDERAL COURT  SITTING IN NEW YORK CITY, NEW YORK IN ANY ACTION OR PROCEEDING  ARISING OUT OF OR RELATING TO THIS AMENDMENT, AND EACH PARTY HERETO  HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION  OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE  COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT.  THE  PARTIES  HERETO HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT  THEY MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO  THE MAINTENANCE OF SUCH ACTION OR PROCEEDING.  THE PARTIES HERETO  AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL  BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON  THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.         SECTION 8.  Section Headings.  The various headings of this Amendment are included  for convenience only and shall not affect the meaning or interpretation of this Amendment, the  Amended Transfer and Administration Agreement or any provision hereof or thereof.                                [Signature pages follow.]                                          3         [AM_ACTIVE 401904462_3] 

 

 

                  THE BANK OF NOVA SCOTIA,   as Administrative Agent       By:               Name: Doug  Noe  Title: Managing  Director                  THE BANK OF NOVA SCOTIA,   as Class Agent for the Scotia Bank Class       By:               Name: Doug  Noe  Title: Managing  Director      THE BANK OF NOVA SCOTIA,   as a Bank Investor for the Scotia Bank Class       By:               Name: Doug  Noe  Title: Managing  Director      LIBERTY STREET FUNDING LLC,   as Class Conduit for the Scotia Bank Class       By:               Name:    Title:                                                   Second Amendment to the  Amended and Restated Transfer and Administration Agreement 

 

 THE BANK OF NOVA SCOTIA,  as Administrative Agent    By:   Name:  Title:    THE BANK OF NOVA SCOTIA,  as Class Agent for the Scotia Bank Class    By:   Name:  Title:    THE BANK OF NOVA SCOTIA,  as a Bank Investor for the Scotia Bank Class    By:   Name:  Title:    LIBERTY STREET FUNDING LLC,  as Class Conduit for the Scotia Bank Class    By:   Name: gáää=^K=oìëëç  Title: sáÅÉ=mêÉëáÇÉåí                            Second Amendment to the Amended and Restated Transfer and Administration Agreement

 

 

                  MUFG BANK, LTD.,   as a Bank Investor for the MUFG Class       By:               Name: Eric  Williams  Title: Managing   Director      MUFG BANK, LTD.,   as a Class Agent for the MUFG Class       By:               Name: Eric   Williams  Title: Managing   Director      VICTORY RECEIVABLES CORPORATION,    as a Class Conduit of the MUFG Class        By:               Name:    Title:                                                                                 Second Amendment to the  Amended and Restated Transfer and Administration Agreement 

 

                  MUFG BANK, LTD.,   as a Bank Investor for the MUFG Class       By:                                          Name:       Title:          MUFG BANK, LTD.,   as a Class Agent for the MUFG Class       By:                                          Name:       Title:          VICTORY RECEIVABLES CORPORATION,    as a Class Conduit of the MUFG Class        By:                                          Name:       Title:                                                                                   Second Amendment to the  Amended and Restated Transfer and Administration Agreement 

 

                  MIZUHO BANK, LTD.,   as Class Agent for the Mizuho Class       By:               Name:    Title:        MIZUHO BANK, LTD.,   as a Bank Investor for the Mizuho Class       By:               Name:    Title:                                                   Second Amendment to the  Amended and Restated Transfer and Administration Agreement 

 

                  BNP PARIBAS,   as Class Agent for the BNP Class       By:               Name: Chris  Fukuoka  Title: Vice  President   By:               Name: Advait  Joshi  Title: Director      BNP PARIBAS,   as a Bank Investor for the BNP Class       By:               Name: Chris  Fukuoka  Title: Vice  President   By:               Name: Advait  Joshi  Title: Director   STARBIRD FUNDING CORPORATION,   as a Class Conduit of the BNP Class       By:               Name:    Title:                            Second Amendment to the  Amended and Restated Transfer and Administration Agreement

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