Document:

Amendment No. 2 to Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT 
 This
Amendment (this “Amendment”) is entered into as of April 8, 2011 by and among ScanSource, Inc., a South Carolina corporation (the “Borrower”), the Subsidiary Borrowers party hereto (together with the Borrower, the
“Borrowers”), JPMorgan Chase Bank, N.A., individually and as administrative agent (the “Administrative Agent”), and the other financial institutions signatory hereto. 

RECITALS 
 A.        The Borrower, the Administrative Agent and the Lenders are party to that certain credit agreement dated as of September 28, 2007 (as previously
amended, the “Credit Agreement”). Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Credit Agreement. 

B.        The Borrower, the Administrative Agent and the undersigned Lenders wish
to amend the Credit Agreement and waive certain provisions thereof on the terms and conditions set forth below. 

Now, therefore, in consideration of the mutual execution hereof and other good and valuable consideration, the parties
hereto agree as follows: 
 1.        Amendment to Credit
Agreement. Upon the “Effective Date” (as defined below), the Credit Agreement shall be amended as follows: 
 (a)        Section 1.01 is amended by inserting the following definitions in appropriate alphabetical order: 

“Acquiring Sub” means the subsidiary of the Borrower owning the business acquired in the Specified
Acquisition. 
 “Excess Amount” has the meaning set forth in the definition of Specified
Acquisition. 
 “Specified Acquisition” means the acquisition by a subsidiary of the Borrower
of the stock or assets comprising the business of a company previously identified in writing (including by electronic communication) to the Administrative Agent for aggregate consideration not in excess of $100,000,000, of which not more than
$50,000,000 shall be paid at closing with the balance payable through the payment of an earnout; provided, however, that the total consideration payable for such acquisition (including the earnout) may exceed $100,000,000 to the extent
resulting from higher than expected payments made under the earnout as a result of better than projected performance of Acquiring Sub following the date of the consummation of the Specified Acquisition (the amount of any such excess being the
“Excess Amount”). 

(b)        Section 6.02 is amended by adding the following
as Section 6.02(i) and renumbering Section 6.02(i) as Section 6.02(j): 

“(i)        Liens of suppliers on the assets of Persons or businesses
acquired after the date hereof; provided, however, that (i) such Liens shall secure only the purchase price of inventory purchased from such suppliers on customary commercial terms consistent with past practice, (ii) the
Borrower shall use commercially reasonable efforts to avoid granting or permitting to exist such supplier Liens and (iii) in no event shall the aggregate amount secured by such Liens at any time exceed an amount equal to 10% of the book value
of the total inventory of the Borrower and its Subsidiaries as of the most recent date for which financial statements have been delivered pursuant to Section 5.01(a) or (b) prior to such time; and 

(c)        Section 6.04(e) is amended in its entirety to
read as follows: 

 (e)        subject to the provisions
of this Section 6.04(e) and the requirements contained in the definition of Permitted Acquisition, the Borrower and its Wholly-Owned Subsidiaries may from time to time effect Permitted Acquisitions, so long as: (i) no Default shall have
occurred and be continuing at the time of the consummation of the proposed Permitted Acquisition or immediately after giving effect thereto; (ii) if the proposed Permitted Acquisition is for aggregate consideration of $25,000,000 or more, the
Borrower shall have given to the Administrative Agent written notice of such proposed Permitted Acquisition on the earlier of (x) the date on which the Permitted Acquisition is publicly announced and (y) ten (10) Business Days prior
to consummation of such Permitted Acquisition (or such shorter period of time as may be reasonably acceptable to the Administrative Agent), which notice shall be executed by its chief financial officer or treasurer and shall describe in reasonable
detail the principal terms and conditions of such Permitted Acquisition; (iii) at the time of any such Permitted Acquisition involving the creation or acquisition of a Subsidiary, or the acquisition of capital stock or other Equity Interest of
any Person, the Borrower and its Subsidiaries shall have complied with Section 5.11; and (iv) if the proposed Permitted Acquisition (or series of related Permitted Acquisitions) is for aggregate consideration of $50,000,000 or more, the
Leverage Ratio, calculated on a pro forma basis as if such Permitted Acquisition(s) had been made (and any related Indebtedness incurred) on the first day of the applicable computation period, shall be less than or equal to 2.00 to 1.00; 

(d)        Section 6.12 is amended in its entirety to read
as follows: 
 “The Borrower will cause the Leverage Ratio to be less than or equal to 3.25
to 1.00 at all times.” 
 (e)        A new
Section 9.19 is added to the Credit Agreement reading as follows: 

9.19.      Special Provisions Regarding Acquiring Sub.
(a) Notwithstanding anything herein to the contrary (in any defined term or otherwise), neither Acquiring Sub nor any subsidiary of Acquiring Sub shall be or be deemed to be a “Subsidiary” hereunder for any purposes of this Agreement
other than for purposes of Section 3.01, 3.05(b), 3.06, 3.07, 3.08, 3.09, 3.11, 3.16 (excluding clause (b) of the second sentence thereof), 5.01(a), 5.01(b), 5.01(e), 5.07 and 6.03(c), clauses (h), (i) and (j) of Article VII and
the last paragraph of Article VIII. Acquiring Sub and its subsidiaries and their respective incomes, losses, assets, liabilities and other financial attributes shall be excluded from all computations of financial covenants and financial
covenant-related tests or requirements hereunder. 

(b)        Concurrently with any delivery of financial statements
under clause (a) or (b) of Section 5.01 after the consummation of the Specified Acquisition, the Borrower shall deliver to the Administrative Agent a consolidating set of financial statements in form and substance reasonably
satisfactory to the Administrative Agent which separately discloses the respective assets, liabilities and other financial attributes of Acquiring Sub and its Subsidiaries. 

(c)        Notwithstanding anything to the contrary in
Section 6.01 or 6.04, so long as no Default shall have occurred and be continuing at the time of such loan, investment or Guarantee, (i) the Borrower may make up to a $50,000,000 capital contribution or loan on or before July 31, 2011
to ScanSource Europe CV for the purpose of indirectly funding in part the Specified Acquisition, (ii) ScanSource Europe CV shall be permitted to lend the proceeds of such capital contribution or loan to ScanSource Europe BV for the same
purpose, (iii) ScanSource Europe BV shall use the proceeds of such loan, directly or indirectly, to fund the Specified Acquisition (collectively, the “Specified Funding Transactions”), (iv) subject to the proviso below,
the Borrower, ScanSource Europe BV and ScanSource Europe CV may also engage in subsequent Specified Funding Transactions so long as the proceeds of such subsequent Specified Funding Transactions are used for the purpose of (A) providing working
capital to Acquiring Sub and/or (B) making payment of the earnout included in the Specified Acquisition purchase price, (v) the Borrower may guaranty all or any portion of the earn-out payable in connection with the Specified Acquisition;
provided, however, that the Investments set forth in the foregoing clauses (i), (iv) and (v) shall not in the aggregate exceed the sum of $100,000,000 plus the Excess Amount and (vi) the Borrower or any Subsidiary
thereof may from time to time guarantee Indebtedness of Acquiring Sub or its subsidiaries incurred for working capital purposes and at no time exceeding $15,000,000 (or the Dollar Equivalent thereof) in aggregate outstanding principal amount.

  
 - 2 -

 2.        Representations and
Warranties of the Borrowers. Each of the Borrowers represents and warrants that: 

(a)        The execution, delivery and performance by each
Borrower of this Amendment have been duly authorized by all necessary corporate action and that this Amendment is a legal, valid and binding obligation of each Borrower enforceable against such Borrower in accordance with its terms, except as the
enforcement thereof may be subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally; 

(b)        Each of the representations and warranties contained
in the Credit Agreement (treating this Amendment as a Credit Document for purposes thereof) is true and correct in all material respects on and as of the date hereof as if made on the date hereof except to the extent such representations and
warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true on and as of such earlier date; and 

(c)        After giving effect to this Amendment, no Default or
Event of Default has occurred and is continuing. 

3.        Effective Date. This Amendment shall become effective upon the
execution and delivery hereof by the Borrowers, the Administrative Agent and the Required Lenders (without respect to whether it has been executed and delivered by all the Lenders); provided that Section 1 hereof shall not become
effective until the date when the following additional conditions have also been satisfied (the later of such dates being the “Effective Date”): 

(a)        Each of the Credit Parties has executed and delivered
a reaffirmation of Guaranty and Security Documents in the form of Exhibit A hereto. 

(b)        The Borrower shall have paid on the date hereof
(i) to the Administrative Agent for the benefit of each Lender consenting to this Amendment an amendment fee equal to .08% of the Commitment of such Lender, determined as of the Effective Date and (ii) to the Administrative Agent for its
own account any other separately agreed fees relating hereto. 
 In the event the Effective Date has not occurred on or before
June 1, 2011, Sections 1 and 2 hereof shall not become operative and shall be of no force or effect. 

4.        Reference to and Effect Upon the Credit Agreement. 

(a)        Except as specifically amended or waived above, the
Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (b)        The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or
any Lender under the Credit Agreement or any Credit Document, nor constitute a waiver of any provision of the Credit Agreement or any Credit Document, except as specifically set forth herein. Upon the effectiveness of this Amendment, each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby. 

5.        Costs and Expenses. The Borrowers hereby affirm their obligation
under Section 9.03 of the Credit Agreement to reimburse the Administrative Agent for all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this
Amendment, including but not limited to the reasonable fees, charges and disbursements of attorneys for the Administrative Agent with respect thereto. 

  
 - 3 -

 6.        Governing Law. This Agreement shall
be construed in accordance with and governed by the law of the State of New York. 

7.        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 purposes. 

8.        Counterparts. This Amendment may be executed in any number of counterparts, each
of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument. 

[Signature pages follow] 

  
 - 4 -

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first
above written. 
  

			
	SCANSOURCE, INC.
		
	By:	 	    /s/ Richard P. Cleys

			
	Its:	 	    Chief Financial Officer

			
	
	NETPOINT INTERNATIONAL, INC.
		
	By:	 	    /s/ Richard P. Cleys

			
	Its:	 	    Director

			
	
	SCANSOURCE EUROPE, SPRL
		
	By:	 	    /s/ Richard P. Cleys

			
	Its:	 	    Director

			
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent, Swingline Lender and Issuing Bank
		
	By:	 	    /s/ Antje B. Focke

			
	Its:	 	    Senior Underwriter

			
	
	RBS Citizens, N.A.
		
	By:	 	    /s/ Daniel Bernard
	Name:	 	    Daniel Bernard
	Title:	 	    Senior Vice President
	
	HSBC Bank USA, National Association
		
	By:	 	    /s/ Jeffrey M. Henry
	Name:	 	  Jeffrey M. Henry
	Title:	 	  Senior Vice President

  
 - 5 -

 
			
	Wells Fargo Bank, N.A.
		
	By:	 	    /s/ Lee R. Gray

			
	Name:	 	    Lee R. Gray

			
	Title:	 	    Senior Vice President

			
	
	ROYAL BANK of CANADA
		
	By:	 	    /s/ Dustin Craven

			
	Name:	 	    Dustin Craven

			
	Title:	 	    Attorney-in-Fact

			
	
	REGIONS BANK
		
	By:	 	    /s/ William E. Reid III

			
	Name:	 	    William E. Reid III

			
	Title:	 	    Senior Vice President

			
	
	ING LUXEMBOURG SA
		
	By:	 	    /s/ Stephane Renette

			
	Name:	 	    Stephane Renette

			
	Title:	 	    Manager of Business Support, Corporate &
	 	 	    Institutional Banking
		
	By:	 	    /s/ Damien Degros

			
	Name:	 	    Damien Degros

			
	Title:	 	    Head of Commercial Banking

  
 - 6 -

 EXHIBIT A 

REAFFIRMATION OF GUARANTY AND SECURITY DOCUMENTS 

Each of the undersigned acknowledges receipt of a copy of Amendment No. 2 (the “Amendment”) dated as of
April 8, 2011 between ScanSource, Inc., a Delaware corporation (the “Borrower”) the Subsidiary Borrowers party thereto (together with the Borrower, the “Borrowers”), JPMorgan Chase Bank, N. A., individually and as
administrative agent (the “Administrative Agent”), and the other financial institutions signatory thereto, of the Credit Agreement dated as of September 28, 2007 (as previously amended, the “Credit Agreement”) between the
Borrowers, the Administrative Agent and the financial institutions party thereto, consents to such Amendment and each of the transactions referenced therein, and hereby reaffirms its obligations under each of the Parent Guaranty, the Subsidiary
Guaranty, and each of the applicable Security Documents (each as defined in the Credit Agreement). Each of the undersigned which is a party to the Security Agreement agrees to be bound by Section 5 of the Amendment. Each of the undersigned
which is a party to the Pledge Agreement dated as of September 22, 2007 agrees to be bound by Section 6 of the Amendment. 
 Dated as
of April 8 2011 
  

			
	SCANSOURCE, INC.
		
	By:	 	 /s/ Richard P. Cleys
		 	Richard P. Cleys
		 	Chief Financial Officer
	
	PARTNER SERVICES, INC.
	SCANSOURCE SECURITY DISTRIBUTION, INC.
	NETPOINT INTERNATIONAL, INC.
	OUTSOURCING UNLIMITED, INC.
	SCANSOURCE COMMUNICATIONS, INC.
		
	By:	 	 /s/ Linda B. Davis
		 	Linda B. Davis
		 	Treasurer
	
	8650 COMMERCE DRIVE, LLC
	SCANSOURCE PROPERTIES, LLC
	LOGUE COURT PROPERTIES, LLC
		
	By:	 	ScanSource, Inc.
		 	its sole member
		
	By:	 	 /s/ Richard P. Cleys
		 	Richard P. Cleys
		 	Chief Financial Officer
	
	4100 QUEST, LLC
		
	By:	 	Partner Services, Inc.
		 	its sole member

 
			
	By:	 	 /s/ Linda B. Davis
		 	 Linda B. Davis
		 	 Treasurer
	
	SCANSOURCE EUROPE LIMITED
		
	By:	 	 /s/ Richard P. Cleys
	Its:	 	  DirectorFounder's Supplemental Executive Retirement Plan Agreement.

 Exhibit 10.2 
 FOUNDER’S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT 
 THIS FOUNDER’S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (“Founder’s SERP”) AGREEMENT made and entered into effective as of the 16th day of March, 2011, by and between ScanSource,
Inc. (hereinafter referred to as the “Company”) and Steven H. Owings (hereinafter referred to as the “Executive”). 
 WHEREAS, Executive is a co-founder, former Chairman of the Board and former Chief Executive Officer of the Company and has been continuously employed by the Company since its inception for 19 years
and during that period has rendered exceptional and faithful service on behalf of the Company and by reason thereof has both imparted and acquired experience and knowledge of considerable value to the Company; and 

WHEREAS, the Executive desires to retire as an employee of the Company effective March 16, 2011 (the
“Retirement”), and the Company desires to provide the Founder’s SERP benefit following his Retirement to provide a compensation opportunity and medical benefits that are similar to what the Executive was entitled to under his
employment agreement for his contribution to the success and founding of the Company; and 
 WHEREAS, the
Company recognizes that the Executive’s receipt of the above-referenced compensation and medical benefits were subject to certain contingencies in the Executive’s employment agreement with the Company while the compensation and medical
benefits reflected in the Founder’s SERP are not subject to all of such contingencies and the benefits provided to Executive via the Founder’s SERP are fully vested; and 

WHEREAS, the Company and Executive have previously entered into an Employment Agreement dated as of
December 30, 2008, which the Company and Executive desire to supersede and replace with this Founder’s SERP. 
 NOW, THEREFORE, in consideration of the services heretofore rendered by the Executive and of the mutual covenants contained herein, the parties hereto agree as follows: 

1.        Retirement Benefit. Effective as of March 16, 2011,
the Company shall establish a Deferred Compensation Account (“Account”) for the Executive under the terms of the ScanSource, Inc. Nonqualified Deferred Compensation Plan (as it may be amended from time to time, the “Nonqualified
Plan”), and shall credit to the Account the amount of $2,350,000 and such amount shall be fully vested upon being credited to the Account. The Executive may direct the manner in which the Account is deemed to be invested in accordance with the
terms of the Nonqualified Plan. On each of October 1, 2011, and January 1, 2012, the Company shall pay to the Executive from the Account an installment payment in the amount of $1,000,000. Beginning on January 1, 2013, and continuing
on each January 1 thereafter up to and including January 1, 2018, the Company shall pay to the Executive from the Account an installment payment in an amount equal to (a) the value of the Account determined as of the last business day
of the preceding year, divided by (b) the remaining number of annual payments due and owing hereunder (the “Retirement Payments”). In the event the Executive dies before the completion of all Retirement Payments, the remaining balance
credited to the Account will be distributed to the Executive’s designated beneficiary in a single lump sum payment within the calendar month following the month in which the Company receives satisfactory proof of the Executive’s death.
Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. Except as otherwise provided in this Agreement, the Account shall be
administered in accordance with the terms and conditions of the Nonqualified Plan to the extent applicable. 

 2.        Special Health Care
Benefit. The Executive and his spouse and children shall be entitled to obtain coverage under any group health plan or program (whether insured or self-insured, or any combination thereof) provided by the Company for the benefit of its
active employees and their dependents (the “Health Plan”). Coverage under the Health Plan shall be made available from the date of Executive’s Retirement and shall continue for the following periods, as applicable (the “Coverage
Period”): 
 (i) with respect to the Executive, the Coverage Period shall end on the earlier
of the date the Executive attains age 65 or the Executive’s death; 
 (ii) with respect to
the Executive’s spouse, the Coverage Period shall end on the earliest of the date the spouse attains age 65, the date the Executive would have attained age 65 in the event of his death prior to age 65, or the spouse’s death; and

 (iii) with respect to the Executive’s children, the Coverage Period shall end on the date
the child attains age 26. 
 The Company, consistent with sound business practices, shall use its best efforts to provide
coverage for the Executive and the Executive’s spouse and children under the Health Plan during the Coverage Period, including, if necessary, amending the applicable provisions of the Health Plan and negotiating the addition of any necessary
riders to any group health insurance contract. In the event the Coverage Period of the Executive or spouse ends upon attaining age 65, the Company will use its best efforts to assist the Executive or spouse in obtaining an individual Medicare
supplement insurance policy. The amount of any premium required to obtain coverage during the Coverage Period or thereafter pursuant to this Paragraph 2 shall be paid entirely by the Executive or his spouse and children. 

3.        Covenant Not To Compete. For and in consideration of the
Retirement Payments described in Paragraph 1, and the Special Health Care Benefit described in Paragraph 2, Executive agrees not to become an officer or employee of, provide any consultation to, nor participate in any manner with, any other entity
of any type or description involved in any major element of business which Company is performing at the time of Executive’s Retirement from the Company, nor will Executive perform or seek to perform any consultation or other type of work or
service with any other firm, person or entity, directly or indirectly, in any such business which competes with Company, whether done directly or indirectly, in ownership, consultation, employment or otherwise. Executive agrees not to reveal to
outside sources, without the consent of Company, any matters, the revealing of which could, in any manner, adversely affect or disclose Company’s business or any part thereof, unless required by law to do so. This Covenant Not To Compete by
Executive is limited to any place where the Company or its affiliates is (or is attempting to) actively manufacturing, marketing, selling, or distributing its products within the two (2) years prior to the effective date of the Founder’s
SERP, or places where the Company made affirmative steps to market or sell its products within the six (6) months prior to the effective date of the Founder’s SERP, and shall exist for and during the term of all Retirement Payments to be
made under Paragraph 1, and shall not prevent Executive from purchasing or acquiring, as an investor only, a financial interest of less than 5% in a business or other entity which is in competition with the Company. 

Executive acknowledges that the remedy at law for breach of Executive’s Covenant Not To Compete will be inadequate
and that Company shall be entitled to injunctive relief as to any violation thereof; however, nothing herein shall be construed as prohibiting Company from pursuing any other remedies available to it, in addition to injunctive relief, whether at law
or in equity, including the recovery of damages. In the event Executive shall breach any condition of Executive’s Covenant Not To Compete, then Executive’s right to any of the Retirement Payments becoming due under Paragraph 1 after the
date of such breach, and the Special Health Care Benefit described in Paragraph 2 of this Agreement, shall be forever forfeited. This forfeiture is in addition to and not in lieu of any of the above-described remedies of Company and shall be in
addition to any injunctive or other relief as described herein. Executive further acknowledges that any breach of Executive’s Covenant Not To Compete shall be deemed a material breach of this Agreement. 

 4.        Administration of
the Agreement. The Agreement shall be administered by the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Committee”) or its or their delegate (the
“Administrator”). Subject to the provisions of the Agreement, the Administrator shall have full and final authority in its discretion to take any action with respect to the Agreement including, without limitation, the authority to
(i) determine all matters relating to the payments; (ii) establish, amend and rescind rules and regulations for the administration of the Agreement; and (iii) construe and interpret the Agreement, to interpret rules and regulations
for administering the Agreement and to make all other determinations deemed necessary or advisable for administering the Agreement. In addition to action by meeting in accordance with applicable laws, any action of the Administrator with respect to
the Agreement may be taken by a written instrument signed by the Administrator (including, where the Board or the Committee serves as the Administrator, by written consent signed by all of the members of the Board, or all of the members of the
Committee, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called). No individual shall be liable while acting as Administrator for any
action or determination made in good faith with respect to the Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Company’s certificate of incorporation and bylaws and/or
under applicable law. 
 5.        Claims Procedure. Any
claim for benefits under this Agreement shall be made in writing to Company. If any claim for benefits under this Agreement is wholly or partially denied, notice of the decision shall be furnished to the claimant within a reasonable period of time,
not to exceed 90 days after receipt of the claim by Company, unless special circumstances require an extension of time for processing the claim. If such an extension of time is required, written notice of the extension shall be furnished to the
claimant prior to the termination of the initial 90-day period. In no event shall such extension exceed the period of 90 days from the end of such initial period. The extension notice shall indicate the special circumstances requiring an extension
of time and the date on which the administrator expects to render a decision. 
 Company shall provide every
claimant who is denied a claim for benefits written notice setting forth, in a manner calculated to be understood by the claimant, the following: (i) specific reasons for the denial; (ii) specific reference to pertinent provisions upon
which the denial is based; (iii) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and (iv) an explanation of the
Agreement’s claims review procedure as set forth below. 
 The claimant may appeal the denial of his claim
to Company for a full and fair review. A claimant (or his duly authorized representative) may request a review by filing a written application for review with the Administrator at any time within 60 days after receipt by the claimant of written
notice of the denial of his claim. The claimant or his duly authorized representative may request, upon written application to Company, to review pertinent documents, and submit issues and comments in writing. 

The decision on review shall be made by the Administrator, who may, in its or his/her discretion, hold a hearing on the
denied claim; the Administrator shall make this decision promptly, and not later than 60 days after Company receives the request for review, unless special circumstances require extension of time for processing, in which case a decision shall be
rendered as soon as possible, but not later than 120 days after receipt of the request for review. If such an extension of time for review is required, written notice 

 
of the extension (including the special circumstances requiring the extension of time) shall be furnished to the claimant prior to the commencement of the extension. In the event that the
decision on review is not furnished within the time period set forth in this paragraph, the claim shall be deemed denied on review. 
 The decision on review shall be in writing and shall include reasons for the decision, written in a manner calculated to be understood by the claimant, and specific references to the pertinent provisions
in the relevant documents on which the decision is based. 

6.        Assignment of Rights; Spendthrift Clause. Executive shall
have no right to sell, assign, transfer or otherwise convey the right to receive any payment hereunder. To the extent permitted by law, no benefits payable under this Agreement shall be subject to the claim of any creditor of Executive, or to any
legal process by any creditor of any such person. 

7.        Binding Effect. This Agreement shall be binding upon
Executive, his heirs, personal representatives and assigns, and upon Company, its successors and assigns. 

8.        Amendment of Agreement. This Agreement may not be altered,
amended or revoked except by a written agreement signed by Company and Executive; provided, however, that if Company determines to its reasonable satisfaction that an alteration or amendment of the Agreement is necessary or advisable in order for
the Agreement to comply with the Code, the Treasury Regulations, or any other applicable tax authority (collectively “Tax Law”), then, upon written notice to Executive, Company may unilaterally amend the Agreement in such manner and to
such an extent as it reasonably considers necessary or advisable in order to comply with the Tax Law. 

9.        Compliance with Code Section 409A. Notwithstanding
any other provision in the Agreement to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Agreement, it is the general intention of Company that the Agreement shall, to the extent practicable, comply with Code
Section 409A, and the Agreement shall, to the extent practicable, be construed in accordance therewith. Without in any way limiting the effect of the foregoing, in the event that Code Section 409A requires that any special terms,
provisions or conditions be included in the Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the Agreement, as applicable. Further, in the event that the Agreement shall be deemed
not to comply with Code Section 409A, then neither the Company, the Administrator nor its or their designees or agents shall be liable to the Executive or other person for actions, decisions or determinations made in good faith. 

10.        Governing Law. This Agreement shall be construed and
enforced in accordance with and governed by the laws of the State of South Carolina. 

11.        Entire Agreement. This Agreement contains the entire
agreement and understanding of the parties with respect to the subject matter hereof and supersedes and replaces any and all prior agreements and understandings, whether oral or written, with respect to the subject matter hereof. 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed in its corporate name by its Chief Executive Officer, and attested by its Corporate Secretary, all by the authority of its Board of Directors duly given, and Executive has hereunto set his hand, each as of the day and year first above
written. 
  

									
		 		 	SCANSOURCE, INC.	 	
					
		 		 	By:	 	 /s/ Michael L. Baur
	 	
		 		 		 	Chief Executive Officer	 	
					
	ATTEST:	 		 		 		 	
					
	 /s/ John J. Ellsworth
	 		 		 		 	
	Corporate Secretary	 		 		 		 	
					
		 		 		 	 /s/ Steven H. Owings
	 	
		 		 		 	Executive

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]