Document:

Employment Agreement

 Exhibit 10.1 
  
 SYNNEX CORPORATION 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement (the “Agreement”) is made and entered into by and between Robert Huang (“Executive”) and
SYNNEX Corporation, a Delaware corporation (the “Company”), effective as of February 7, 2006 (the “Effective Date”). 
  
 RECITALS 
  
 A. The Executive founded the Company the 1980 and serves as its President and Chief Executive Officer (“CEO”) and a member of its Board
of Directors (the “Board”). The Board values Executive’s continued service and contribution to the Company, and has determined that it is in the best interests of the Company to provide Executive with enhanced financial
security and incentive to continue his leadership role with the Company. 
  
 B. Certain capitalized terms used in the Agreement are defined in Section 9 below. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows: 
  
 1. Term of Agreement. This Agreement shall terminate upon the date
that all obligations of the parties hereto under this Agreement have been satisfied. 
  
 2. Position with the Company. Executive will continue to serve as President and CEO at the pleasure of the Board following the Effective Date. The parties anticipate that as part of his responsibilities,
Executive will assist in the identification and preparation of an executive to succeed to Executive’s responsibilities following such time as Executive is no longer willing or able to continue in his current position. The period from the
Effective Date through the appointment of a new CEO shall be referred to as the “CEO Term.” If mutually agreed by the Board and Executive at the end of the CEO Term, Executive will continue to serve the Company thereafter as an
executive or non-executive Chairman or other member of the Board. The period following the end of the CEO Term during which Executive may continue to serve as a member of the Board (whether or not he also continues as an employee) shall be referred
to as the “Board Term.” 
  
 3. At-Will
Employment. The Company and Executive acknowledge that Executive’s employment is and will continue to be at-will, as defined under applicable law. If Executive’s employment terminates for any reason, Executive will not be entitled to
any payments, benefits, damages, awards or compensation other than as provided by this Agreement. This Agreement provides for severance benefits as described in Section 6. 
  
 4. Salary and Bonus. During his employment, Executive shall continue to receive a base salary of $400,000 per year,
subject to increase (or decrease in connection with any reduced schedule consented to by Executive) in the discretion of the Compensation Committee of the 

 Board. Executive shall also continue to be eligible for profit-sharing bonuses during his employment as determined on an
annual basis by the Compensation Committee. During the Board Term, Executive shall be entitled to such compensation as shall be mutually agreed between the Compensation Committee and Executive at that time which corresponds to Executive’s
schedule. 
  
 5. Equity Compensation. Upon the Effective
Date, Executive shall be entitled to an award of restricted stock units for 250,000 shares of common stock of the Company under the Company’s 2003 Stock Incentive Plan, as amended and restated, subject to the terms and conditions of a
restricted stock unit to be entered into between the Company and Executive in a form approved by the Compensation Committee. The restricted stock units shall vest with respect to 25% of the shares on the date that is thirteen (13) months after
the date of grant, and an additional 25% of the shares on the second, third and fourth anniversaries of the date of grant, subject in each case to Executive’s continued employment on such dates. The restricted stock units shall be subject to
accelerated vesting in accordance with the provisions of Section 6 below. Subject to Section 6, any unvested restricted stock units shall be forfeited immediately upon Executive’s termination of employment for any reason. For purposes
of clarification, Executive shall not be considered to have a termination of employment at the end of the CEO Term if he continues as an employee member of the Board of Directors thereafter during the Board Term. Executive shall be eligible for
additional equity compensation awards in the discretion of the Compensation Committee. The restricted stock unit award will provide Executive with the right to defer the delivery of the vested shares subject to the award subject to the requirements
of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), provided that the delivery of deferred, vested shares will be accelerated upon a Change in Control qualifying under Section 409A. 

 
 6. Severance Benefits. 
  
 (a) Involuntary Termination. If Executive terminates his employment
with the Company (or any parent or subsidiary of the Company) for Good Reason, or the Company (or any parent or subsidiary of the Company employing Executive) terminates Executive’s employment with the Company (or any parent or subsidiary of
the Company) for a reason other than Cause, Executive’s Disability or Executive’s death (“Involuntary Termination”), within the four year period following the Effective Date, then subject to Section 7, Executive will
receive the following severance benefits from the Company: 
  
 (i) Severance Payments. Executive will be paid severance for twelve (12) months following the employment termination date at a monthly rate equal to Executive’s annual base salary rate, as then in effect, divided by twelve
(12) months. Such payments shall be paid periodically in accordance with the Company’s normal payroll policies. In addition, Executive will receive a prorated portion of any profit-sharing bonus earned for the year of termination as
determined by the Compensation Committee, payable when such bonuses are normally paid. 
  
 (ii) Continued Health Benefits. Executive will receive reimbursement from the Company of the group health continuation coverage premiums for Executive and Executive’s eligible dependents under
Section 4980B of the Code or corresponding provisions of 
  

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 state law (“COBRA”) through the earliest of (x) the twelve-month anniversary of the date of
termination of employment, (y) the date upon which Executive and Executive’s eligible dependents become covered under similar plans or (z) the date Executive no longer constitutes a “Qualified Beneficiary” (as such term is
defined in Section 4980B(g) of the Code); provided, however, that Executive will be solely responsible for electing COBRA coverage within the required time period. Thereafter, Executive shall be eligible for continued COBRA coverage at
Executive’s expense for a minimum of three years. 
  
 (iii)
Accelerated Vesting. One hundred percent (100%) of the unvested shares subject to all of Executive’s outstanding rights to purchase or receive shares of the Company’s common stock (including, without limitation, through awards
of stock options, restricted stock units or similar awards) whether acquired by Executive before or after the date of this Agreement and 100% of any of Executive’s shares of Company common stock subject to a Company right of repurchase or
forfeiture upon Executive’s termination of employment for any reason (whether acquired by Executive before or after the date of this Agreement), including without limitation the equity compensation award described in Section 5 of the
Agreement, will immediately vest and, if applicable, become exercisable upon such termination. In all other respects, such awards will continue to be subject to the terms and conditions of the plans, if any, under which they were granted and any
applicable agreements between the Company and Executive. 
  
 (b)
Other Terminations. If Executive’s employment with the Company (or any parent or subsidiary of the Company) terminates other than as a result of an Involuntary Termination, then Executive shall not be entitled to receive severance
benefits under this Section 6 and shall not be entitled to any other compensation or benefits from the Company (or any parent or subsidiary of the Company), except as described in Section 6(c) below. 
  
 (c) Accrued Wages and Vacation; Other Benefits. Without regard to the
reason for, or the timing of, Executive’s termination of employment, Executive will (i) receive his earned but unpaid base salary through the date of termination of employment, (ii) receive all accrued vacation, expense reimbursements
and any other benefits due to Executive through the date of termination of employment in accordance with established Company plans, policies and arrangements, and (iii) receive such other compensation or benefits from the Company as may be
required by law (for example, COBRA coverage). 
  
 (d)
Exclusive Remedy. In the event of any termination of Executive’s employment with the Company (or any parent or subsidiary of the Company), the provisions of Sections 5 and 6 are intended to be and are exclusive and in lieu of any other
rights or remedies to which Executive may otherwise be entitled, whether at law, tort or contract, in equity, or under this Agreement. Executive will be entitled to no benefits, compensation or other payments or rights upon termination of employment
other than those benefits expressly set forth in Sections 5 and 6. 
  
 7. Conditions to Receipt of Severance. 
  
 (a)
Separation Agreement and Release of Claims. The receipt of any severance benefits pursuant to Section 6 will be subject to Executive signing and not revoking a 
  

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 separation agreement and release of claims in a form acceptable to the Company. No severance pursuant to Section 6
will be paid or provided until the separation agreement and release of claims becomes effective. 
  
 (b) Noncompetition; Nonsolicitation. The receipt of any severance benefits pursuant to Section 6 will be subject to Executive not violating
the provisions of Section 10. In the event Executive breaches the provisions of Section 10, all continuing payments and benefits to which Executive would have been entitled pursuant to Section 6 will immediately cease. 
  
 (c) Section 409A. Any cash severance to be paid pursuant to
Section 6 will not be paid during the six-month period following Executive’s termination of employment, unless the Company reasonably determines that paying such amounts immediately following Executive’s termination of employment
would not result in the imposition of additional tax under Section 409A of the Code (“Section 409A”), in which case such amounts shall be paid in accordance with normal payroll practices. If no cash severance is paid to
Executive upon termination of his employment as a result of Section 409A, on the first day following such six-month period, the Company will pay Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been paid to
Executive pursuant to Section 6. Thereafter, Executive will receive his cash severance payments pursuant to Section 6 in accordance with the Company’s normal payroll practices. 
  
 8. Limitation on Payments. In the event that the severance and other
benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section 8, would be subject to the
excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 6 will be delivered as to such lesser extent which would result in no portion of such severance benefits being subject to the excise tax
under Section 4999 of the Code. Unless the Company and Executive otherwise agree in writing, any determination required under this Section 8 will be made in writing by the Company’s independent public accountants immediately prior to
Change of Control (the “Accountants”), whose determination will be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this Section 8, the Accountants may
make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive will furnish to the
Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company will bear all costs the Accountants may reasonably incur in connection with any calculations
contemplated by this Section 8. 
  
 9. Definition of
Terms. The following terms referred to in this Agreement will have the following meanings: 
  
 (a) Cause. “Cause” means (i) commission of a felony, an act involving moral turpitude, or an act constituting common law
fraud, and which has a material adverse effect on the business or affairs of the Company or its affiliates or stockholders, (ii) intentional or willful misconduct or refusal to follow the lawful instructions of the Board or
(iii) intentional breach of Company confidential information obligations which has an adverse effect on the Company or 
  

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 its affiliates or stockholders. For these purposes, no act or failure to act shall be considered “intentional or
willful” unless it is done, or omitted to be done, in bad faith without a reasonable belief that the action or omission is in the best interests of the Company. 
  
 (b) Change of Control. “Change of Control” means the occurrence of any of the following events:

  
 (i) A change in the composition of the Board occurs, as a
result of which fewer than one-half of the incumbent directors are directors who either: 
  
 (1) Had been directors of the Company on the “look-back date” (as defined below) (the “original directors”); or 
  
 (2) Were elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the
aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the “continuing directors”); or 
  
 (ii) Any “person” (as defined below) who by the acquisition or
aggregation of securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of securities of the Company representing 50% or more of the combined
voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that any change in
the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person’s ownership of
securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company; or 
  
 (iii) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate
reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of
the outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 
  
 (iv) The sale, transfer or other disposition of all or substantially all of the Company’s assets. 
  
 For these purposes, the term “look-back” date shall mean the later
of (1) the Effective Date or (2) the date twenty-four (24) months prior to the date of the event that may constitute a Change of Control. 
  
 For these purposes, the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended, but shall exclude (1) a trustee or other fiduciary holding securities under a Benefit Plan maintained by the 

  

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Company and (2) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership
of the common stock of the Company. 
  
 Any other provision of
this Section notwithstanding, a transaction shall not constitute a Change of Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same
proportions by the persons who held the Company’s securities immediately before such transaction. 
  
 (c) Disability. “Disability” means that Executive has been unable to perform the principal functions of his duties due to a
physical or mental impairment, but only if such inability has lasted or is reasonably expected to last for at least six (6) months. Whether Executive has a Disability will be determined by the Board based on evidence provided by one or more
physicians selected by the Board. 
  
 (d) Good Reason.
“Good Reason” means any of the following (without Executive’s express written consent): 
  
 (i) a reduction of Executive’s title, authority, duties, position or responsibilities (other than in connection with the transition from CEO Term to
Board Term prior to a Change in Control); 
  
 (ii) a reduction by
the Company of Executive’s base salary or bonus opportunity unless proportionate to a reduction in Executive’s employment schedule consented to by Executive; 
  
 (iii) the relocation of Executive’s principal place of employment to a facility or a location more than fifty
(50) miles from his current location; or 
  
 (iv) the
failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 12 below. 
  
 10. Restrictive Covenants. 
  
 (a) Noncompete. For a period beginning on the Effective Date and ending on the date Executive ceases to provide services to the Company (or any
parent or subsidiary of the Company) or, if later, the date through which severance is payable pursuant to Section 6, Executive agrees to not, directly or indirectly, engage in (whether as an employee, consultant, agent, proprietor, principal,
partner, stockholder, corporate officer, director or otherwise), nor have any ownership interest in or participate in the financing, operation, management or control of, any person, firm, corporation or business that competes with Company (or any
parent or subsidiary of the Company); provided, however, that Executive shall not be prohibited from owning, solely as an investment, up to 1% of the stock of a publicly traded corporation or up to 5% of the equity of a non-publicly traded company.

  
 (b) Nonsolicit. For a period beginning on the Effective
Date and ending the date Executive ceases to provide services to the Company (or any parent or subsidiary of the Company) or, if later, the date through which severance is payable pursuant to Section 6, Executive, directly or indirectly,
whether as employee, owner, sole proprietor, partner, director, 
  

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 member, consultant, agent, founder, co-venturer or otherwise, will not: (i) solicit, induce or influence any person
to leave employment with the Company (or any parent or subsidiary of the Company); or (ii) directly or indirectly solicit business from any of the Company’s customers and users on behalf of any business that directly competes with the
principal business of the Company (or any parent or subsidiary of the Company). 
  
 (c) Understanding of Covenants. Executive represents that he (i) is familiar with the foregoing covenants not to compete and not to solicit, and (ii) is fully aware of his obligations hereunder,
including, without limitation, the reasonableness of the length of time, scope and geographic coverage of these covenants. 
  
 11. Litigation. Executive agrees to cooperate with the Company beginning on the Effective Date and thereafter (including following Executive’s
termination of employment for any reason) by making himself reasonably available to testify on behalf of the Company or any of its affiliates in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to
assist the Company, or any affiliate, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, or any affiliate as
reasonably requested. The Company agrees to reimburse Executive for all expenses actually incurred in connection with his provision of testimony or assistance, and if he provides testimony or assistance after the one year anniversary of his
termination as an employee and Board member, a reasonable per diem for his time. 
  
 12. Successors. 
  
 (a)
The Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets will
assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession.
For all purposes under this Agreement, the term “Company” will include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 12(a) or which
becomes bound by the terms of this Agreement by operation of law. 
  
 (b) Executive’s Successors. The terms of this Agreement and all rights of Executive hereunder will inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. 
  
 13.
Notice. 
  
 (a) General. Notices and all other
communications contemplated by this Agreement will be in writing and will be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of
Executive, mailed notices will be addressed to him at the home address which he most recently communicated to the Company in writing. In the case of the 

  

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Company, mailed notices will be addressed to its corporate headquarters, and all notices will be directed to the attention of its General Counsel.

  
 (b) Notice of Termination. Any termination by the
Company for Cause or by Executive for Good Reason or as a result of a voluntary resignation will be communicated by a notice of termination to the other party hereto given in accordance with Section 13(a) of this Agreement. Such
notice will indicate the specific termination provision in this Agreement relied upon, will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and will specify the
termination date (which will be not more than thirty (30) days after the giving of such notice). 
  
 14. Arbitration. Any controversy involving the construction or application of any terms, covenants or conditions of this Agreement, or any claims
arising out of any alleged breach of this Agreement, will be governed by the rules of the American Arbitration Association and submitted to and settled by final and binding arbitration in Santa Clara County, California, except that any alleged
breach of the Company’s Confidentiality and Assignment of Inventions Agreement shall not be submitted to arbitration and instead the Company may seek all legal and equitable remedies, including without limitation, injunctive relief. 

 
 15. Miscellaneous Provisions. 
  
 (a) No Duty to Mitigate. Executive will not be required to mitigate
the amount of any payment contemplated by this Agreement, nor will any such payment be reduced by any earnings that Executive may receive from any other source. 
  

(b) Resignation as Director. Upon the Company’s written request, Executive agrees to promptly resign as a member of the Board following any
termination of his employment with the Company (or any parent or subsidiary of the Company). 
  
 (c) Waiver. No provision of this Agreement will be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the
Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party will be considered a waiver of any other condition or provision or of the same
condition or provision at another time. 
  
 (d) Headings.
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement. 
  
 (e) Entire Agreement. This Agreement, together with Executive’s confidentiality and assignment of inventions agreement with the Company,
constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to
the subject matter hereof. No future agreements between the Company and Executive may supersede this Agreement, unless they are in writing and specifically mention this Section 15(e). 
  

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 (f) Choice of Law. The laws of the State of California (without reference to its choice of laws
provisions) will govern the validity, interpretation, construction and performance of this Agreement. 
  
 (g) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement will not affect the validity or
enforceability of any other provision hereof, which will remain in full force and effect. 
  
 (h) Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes. 
  
 (i) Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all
of which together will constitute one and the same instrument. 
  
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its
duly authorized officer, as of the day and year set forth below. 
  

					
	COMPANY	 	SYNNEX CORPORATION
			
	 	 	By:	 	 /s/ Simon Y. Leung

	 	 	Title:	 	 General Counsel and Corporate Secretary

		
	EXECUTIVE	 	ROBERT HUANG
			
	 	 	By:	 	 /s/ Robert Huang

	 	 	Title:	 	 President, Chief Executive Officer and Director

  

 - 10 -Amendment No. 8

 Exhibit 10.2 
  
 AMENDMENT NO. 8 
  
 Dated as of February 8, 2006 
  
 to 
  
 AMENDED AND RESTATED CREDIT AGREEMENT 
  
 Dated as of July 9, 2002 
  
 THIS AMENDMENT NO. 8 (this “Amendment”) is entered into as of February 8, 2006 by and among SYNNEX CORPORATION (formerly known as SYNNEX Information Technologies, Inc.), a Delaware corporation
(the “Borrower”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GE Capital”), as a Lender and in its capacity as the contractual representative for itself and the Lenders (the
“Agent”), and BANK OF AMERICA, N.A., as a Lender (“Bank of America”). Capitalized terms used in this Amendment which are not otherwise defined herein, shall have the meanings given such terms in the Credit Agreement
(as defined below). 
  
 RECITALS: 
  
 WHEREAS, the Borrower, the Lenders and the Agent are parties to that certain
Amended and Restated Credit Agreement dated as of July 9, 2002 (as amended by that certain Amendment No. 1, dated October 17, 2002, that certain Amendment No. 2, dated May 15, 2003, that certain Amendment No. 3, dated
June 30, 2003, that certain Amendment No. 4, dated September 5, 2003, that certain Amendment No. 5, dated December 30, 2003, that certain Amendment No. 6, dated as of September 17, 2004, and that certain Amendment
No. 7, dated as of September 16, 2005, the “Credit Agreement”); and 
  
 WHEREAS, the parties hereto have agreed to amend the Credit Agreement on the terms and conditions set forth herein; 
  
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Agent hereby agree as follows. 
  
 1. Amendment to the Credit Agreement. As of the Effective Date (as hereafter defined) and subject to the satisfaction of the conditions
precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
  
 1.1. Section 6.2(g) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
  
 (g) any combination of capital contributions and loans by the Borrower to
the Canadian Subsidiary in an aggregate amount not to exceed $50,000,000; 

 1.2. Section 6.4 of the Credit Agreement is hereby amended by (a) deleting
“and” at the end of clause (iv), (b) deleting the period at the end of clause (v) and replacing it with “; and” and (c) adding clause (vi) in the proper alphanumerical order which shall read in its entirety as
follows. 
  
 (vi) Borrower may provide a line of credit to Synnex
de Mexico S.A. de C.V. (“Synnex Mexico”), for a term of no longer than three years, in an aggregate amount not to exceed $35,000,000 (the “Revolving Line of Credit”), for the purpose of providing working capital to
Synnex Mexico to support a contract with a Mexico reseller (the “Mexico Reseller Agreement”) so long as, 
  
 (A) Synnex Mexico is at least 80% owned by Borrower; 
  
 (B) (1) payments made under the Mexico Reseller Agreement are required to be, and are, paid into a
deposit account in the name of Borrower maintained with Bank of America, N.A. or one of its affiliates, (2) at no time shall such deposit account have on deposit more than $10,000,000, and (3) Borrower shall not grant a Lien with respect
to such deposit account or the funds maintained therein to any Person other than (x) the right of setoff against deposits of cash by Bank of America, N.A. in connection with such deposit account and cash management services provided by Bank of
America, N.A. for which such deposit account is used, and (y) a Lien in favor of the Agent; 
  
 (C) Borrower shall have delivered to the Agent the original intercompany note evidencing the Line of Credit, which intercompany note
shall be pledged under the Security Agreement, and, to the extent the Agent determines that an amendment to the Security Agreement or any other documents are reasonably necessary to create a first priority perfected security interest in favor of the
Agent with respect to such intercompany note and the proceeds therefrom, Borrower shall have executed and delivered such documents; and 
  
 (D) Borrower shall not permit Synnex de Mexico S.A de C.V. to create or permit to exist any Lien on any of its properties or assets
except for, (i) presently existing or hereafter created Liens in favor of the Agent or the Lenders, and (ii) Liens existing on the Effective Date (but in no event any increase in the amount secured by any such Liens or the coverage thereof
to other property or assets). 
  
 1.3. Section 6.6 is
hereby amended by deleting clauses (e) and (f) in their entirety and replacing them with the following: 

  

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 (e) unsecured Guaranteed
Debt incurred by the Borrower pursuant to guaranties of Debt of the Canadian Subsidiary, and secured Guaranteed Debt incurred by the Borrower pursuant to the Collateralized Guaranty executed and delivered by Borrower in favor of IBM Canada,
consisting of purchase money Debt with respect to Inventory purchased by the Canadian Subsidiary in an aggregate amount not to exceed $40,000,000 at any time; 
  

(f) unsecured Guaranteed Debt incurred by the Borrower pursuant to guaranties of Debt of Synnex de Mexico S.A. de C.V. (“Synnex
Mexico”) consisting of (1) purchase money Debt with respect to Inventory purchased by Synnex Mexico in an aggregate amount not to exceed $35,000,000 at any time, and (2) Debt owing to a leasing company or other creditor for the
purpose of providing working capital to Synnex Mexico to support a second contract with the same or another Mexico reseller in an aggregate amount not to exceed $35,000,000. 
  
 1.4. Annex A is hereby amended by adding the following defined term in its proper alphabetical order: 
  
 “Synnex Mexico” shall have the meaning assigned to it in
Section 6.4(vi). 
  
 1.5. Annex D is hereby
amended by deleting paragraph 2 in its entirety and replacing it with the following: 
  
 2. Collateral Examination Charge. Borrower shall pay Agent a fee of $800 per day per individual (or the then prevailing rate charged by Agent, whichever is greater) plus all out-of-pocket costs and expenses in
connection with up to two field examinations per year (or more if a Default or Event of Default shall have occurred and be continuing). 
  
 1.6. Annex G of the Credit Agreement is hereby amended by adding in the proper alphabetical order the following new defined terms: 
  
 “Line of Credit” shall have the meaning assigned to it in
Section 6.4(vi). 
  
 “Mexico Reseller
Agreement” shall have the meaning assigned to it in Section 6.4(vi). 
  
 1.7. Schedule 6.6 to the Credit Agreement is hereby deleted in its entirety and replaced with Schedule 6.6 attached as Annex A hereto. 
  
 2. Conditions of Effectiveness of this Amendment. This Amendment shall become effective as of the date hereof
(the “Effective Date”) when, and only when: 
  
 (a) the Agent shall have received each of the following: 
  
 (i) counterparts of this Amendment duly executed by the Borrower and the Requisite Lenders; 
  

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 (ii) a Consent in the form attached hereto executed by each of ComputerLand Corporation
and MiTAC Industrial Corp.; 
  
 (iii) a copy of
the Line of Credit, which shall be in form and substance reasonably acceptable to the Lenders and the Agent; 
  
 (iv) a copy of the Mexico Reseller Agreement; 
  
 (v) the financial statements of Synnex Mexico, which shall have been reviewed by and deemed acceptable by the Lenders and the Agent; and

  
 (b) the Borrower shall have cooperated with
the Agent in the completion of an appraisal of the Borrower’s inventory by February 28, 2006, the results of which shall be satisfactory to the Agent in its reasonable discretion. 
  
 3. Representations and Warranties of the
Borrower. 
  
 3.1. Upon the
effectiveness of this Amendment pursuant to Section 2 hereof, the Borrower hereby reaffirms in all material respects all covenants, representations and warranties made in the Credit Agreement to the extent the same are not amended hereby
and except to the extent the same expressly relates solely to an earlier date and agrees that all such covenants, representations and warranties shall be deemed to have been re-made as of the Effective Date of this Amendment and that, as of the
Effective Date of this Amendment and after giving effect hereto, no Default or Event of Default has occurred and is continuing. 
  
 3.2. The Borrower hereby represents and warrants that this Amendment and the Credit Agreement, as amended hereby, constitute legal, valid and
binding obligations of the Borrower and are enforceable against the Borrower in accordance with their terms. 
  
 4. Reference to and Effect on the Credit Agreement. 
  
 4.1. Upon the effectiveness of this Amendment pursuant to Section 2 hereof, on and after the date hereof,
each reference to the Credit Agreement in any of the Loan Documents shall mean and be a reference to the Credit Agreement as amended hereby. 
  
 4.2. Except as specifically set forth above, the Credit Agreement, and all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. 
  
 4.3. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Agent or any Lender, nor constitute a waiver of any provision of the Credit Agreement, or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
  
 5. Headings. Section headings in this Amendment are included
herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
  

 4 

 6. 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 to this Amendment by telecopier shall be
effective as delivery of a manually executed counterpart of this Amendment. 
  
 7. Entire Agreement. This Amendment, taken together with the Credit Agreement and all of the other Loan Documents, embodies the entire agreement and understanding of the parties hereto and supersedes all
prior agreements and understandings, written and oral, relating to the subject matter hereof. 
  
 8. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and performed in such State and any applicable laws
of the United States of America. 
  
 9. No Course of
Dealing. The Lenders have entered into this Amendment on the express understanding with the Borrower that in entering into this Amendment the Lenders are not establishing any course of dealing with the Borrower. The Agent’s and the
Lenders’ rights to require strict performance with all the terms and conditions of the Credit Agreement as amended by this Amendment and the other Loan Documents shall not in any way be impaired by the execution of this Amendment. Neither the
Agent nor any Lender shall be obligated in any manner to execute any further amendments or waivers, and if such waivers or amendments are requested in the future, assuming the terms and conditions thereof are acceptable to them, the Agent and the
Lenders may require the payment of fees in connection therewith. 
  
 10. Release. To induce the Agent and Lenders to enter into this Amendment, the Borrower acknowledges and agrees that it has no actual or potential claim or cause of action against the Agent or Lenders relating to any Loan
Documents or any actions or events occurring on or before the date hereof. The Borrower waives and releases any right to assert same. 
  
 [Signature Page Follows] 
  

 5 

 IN WITNESS WHEREOF, this Amendment No. 8 has been duly executed as of the day and year first above
written. 
  

			
	 SYNNEX CORPORATION (formerly known as
 SYNNEX
Information Technologies, Inc.), as the
 Borrower

		
	By:	 	 /s/ Dennis Polk

	Name:	 	Dennis Polk
	Title:	 	Chief Financial Officer
	
	 GENERAL ELECTRIC CAPITAL
 CORPORATION, as
Agent and as a Lender

		
	By:	 	 /s/ Eugene Seip

	Name:	 	Eugene Seip
	Title:	 	Duly Authorized Signatory
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ John McNamara

	Name:	 	John McNamara
	Title:	 	Vice President

  
 Amendment No. 8

 to 
 Amended and Restated Credit
Agreement 

 CONSENT 
  
 Each of the undersigned, as Guarantor under a Subsidiary Guaranty executed in favor of the Agent in connection with the Amended and Restated Credit
Agreement referred to in Amendment No. 8 to Amended and Restated Credit Agreement (as the same may have been or be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) and/or as Grantor under
a Subsidiary Security Agreement executed in favor of the Agent in connection with the Amended and Restated Credit Agreement referred to in such Amendment (as the same may have been or be amended, restated, supplemented or otherwise modified from
time to time, the “Security Agreement”), hereby consents to such Amendment and confirms and agrees that (i) the Guaranty and the Security Agreement are, and shall continue to be, in full force and effect and are hereby ratified
and confirmed in all respects, and (ii) the Security Agreement and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations. 
  

			
	COMPUTERLAND CORPORATION
		
	By:	 	 /s/ Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary
	
	MiTAC INDUSTRIAL CORP.
		
	By:	 	 /s/ Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary

 Annex A 
  
 Schedule 6.6 
  
 [see attached] 

 Amended and Restated Schedule 6.6 
 dated February 8, 2006 
 to Amended and Restated Credit Agreement 
 among SYNNEX Corporation 
 and 
 The Lenders Signatory Thereto From Time to Time 
 and General Electric Capital Corporation 
  
 Guaranteed
Debt 
  
 Guaranteed Debt for SYNNEX China

  
 In an aggregate amount of $3 million for
vendors/resellers 
  
 Worldwide Guaranteed
Debt for All Subsidiaries 
  
 In an aggregate amount of $26 million for
Microsoft Corporation. 
  
 In an aggregate amount of $10 million for non Microsoft
Corporation vendors/resellers

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