Document:

Assignment for the Benefit of Creditors

 Exhibit 10.1 
 Prepared by and return to: 
 STICHTER, RIEDEL, BLAIN & PROSSER, P.A. 
 c/o Elena Paras Ketchum, Esq. 
 110 East Madison
Street - Suite 200 
 Tampa, Florida 33602 
 ASSIGNMENT FOR THE BENEFIT OF CREDITORS 
 ASSIGNMENT, made this 11th
day of January, 2010 between DYNAMIC RESPONSE GROUP, INC., a Florida corporation, with a principal place of business at 4770 Biscayne Boulevard, Suite 780, Miami, Florida 33137 (hereinafter “Assignor”) and PHIL VON KAHLE of Michael
Moecker & Associates, Inc., whose address is 6861 SW 196th Avenue - #203, Ft. Lauderdale, Florida 33332 (hereinafter “Assignee”). 
 WHEREAS, the Assignor is a marketing company that develops and distributed personal development and health services through print catalogs, radio, direct mail, direct response television programming and
the Internet. 
 WHEREAS, the Assignor is indebted to creditors, as set forth in Schedule A annexed hereto, is unable to
pay its debts as they become due, and is desirous of providing for the payment of its debts, so far as it is possible by an assignment of all of its assets for that purpose. 
 NOW, THEREFORE, the Assignor, in consideration of the Assignee’s acceptance of this assignment, and for other good and valuable
consideration, hereby grants, assigns, conveys, transfers, and sets over, unto the assignee, her or his successors and assigns, all of its assets, except such assets as are exempt by law from levy and sale under an execution, including, but not
limited to, all real property, fixtures, goods, stock, inventory, equipment, furniture, furnishings, accounts receivable, bank deposits, cash, promissory notes, cash value and proceeds of insurance policies, claims and demands belonging to the
assignor, and all books, records, and electronic data pertaining to all such assets, wherever such assets may be located, hereinafter the “estate,” as which assets are, to the best knowledge and belief of the Assignor, set forth on
Schedule B annexed hereto. 

 The Assignee shall take possession of, and protect and preserve, all such assets and
administer the estate in accordance with the provisions of chapter 727, Florida Statutes, and shall liquidate the assets of the estate with reasonable dispatch and convert the estate into money, collect all claims and demands hereby assigned as may
be collectible, and pay and discharge all reasonable expenses, costs, and disbursements in connection with the execution and administration of this assignment from the proceeds of such liquidations and collections. 
 The assignee shall then pay and discharge in full, to the extent that funds are available in the estate after payment of administrative
expenses, costs, and disbursements, all of the debts and liabilities now due from the assignor, including interest on such debts and liabilities. If funds of the estate shall not be sufficient to pay such debts and liabilities in full, then the
assignee shall pay from funds of the estate such debts and liabilities, on a pro rata basis and in proportion to their priority as set forth in Section 727.114, Florida Statutes. 
 If all debts and liabilities are paid in full, any funds of the estate remaining shall be returned to the assignor. 
 To accomplish the purposes of this assignment, the assignor hereby appoints the assignee its true and lawful attorney, irrevocable, with
full power and authority to do all acts and things which may be necessary to execute the Assignment hereby created; to demand and recover from all persons all assets of the estate; to sue for the recovery of such assets; to execute, acknowledge, and
deliver all necessary deeds, instruments, and conveyances; and to appoint one or more attorneys under him to assist the assignee in carrying out his duties hereunder. 
  

 2 

 The assignor hereby authorizes the assignee to sign the name of the assignor to any check,
draft, promissory note, or other instrument in writing which is payable to the order of the assignor, or to sign the name of the assignor to any instrument in writing, whenever it shall be necessary to do so, to carry out the purpose of this
Assignment. 
  

					
	Witnesses:	    	Assignee: Phil von Kahle, Assignee
			
	 /s/ Witness
	    	By:	 	 /s/ Phil von Kahle

			
	 /s/ Witness
	    	Print Name:	 	 Phil von Kahle, Assignee

 STATE OF FLORIDA 
 COUNTY OF
        BROWARD                                
     
 The foregoing Assignment for the Benefit of Creditors was acknowledged before me this 11th day
January, 2010, by Phil von Kahle of Michael Moecker & Associates, Inc., as Assignee, who is personally known to me and who did not take an oath for the purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last aforesaid on this      day of January, 2010. 

[SEAL] 
  

	
	 /S/ NADIRA JOSEPH

	Signature of Notary Public
	
	 NADIRA JOSEPH

	Printed or typed name Notary Public

  

 3 

							
		 		 	 Assignor: DYNAMIC RESPONSE GROUP, INC.,
                  a Florida corporation

	Witnesses:	 		 		 	
				
	 /s/ Witness
	 		 		 	
				
	 /s/ Witness
	 		 	By:	 	 /s/ Melissa K. Rice

		 		 		 	Melissa K. Rice, Director of Assignor

  

			
	STATE OF	 	 FLORIDA

			
		
	COUNTY OF	 	 MIAMI DADE

 The foregoing Assignment was acknowledged before me this 6th day of January, 2010, by
MELISSA K. RICE, a Director of DYNAMIC RESPONSE GROUP, INC., a Florida corporation, as Assignor, who is personally known to me and who did take an oath for the purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last aforesaid on this 6th day of January, 2010. 
  

			
	[SEAL]	 	 /s/ Ronny Halperin

		 	Signature of Notary Public
		
		 	 Ronny Halperin

		 	Printed or typed name Notary Public

  

 4 

 ACCEPTANCE BY ASSIGNEE 
 The undersigned, Phil von Kahle of Michael Moecker & Associates, Inc., the Assignee herein, duly acknowledges that the Assignee
accepts delivery of the assignment and that he or she will duly perform the duties imposed upon the Assignee pursuant to chapter 727, Florida Statues. 
  

			
	Assignee: Phil von Kahle, Assignee
		
	By:	 	 /s/ Phil von Kahle

			
		
	Print Name:	 	 Phil von Kahle, Assignee

  

			
	STATE OF FLORIDA
	COUNTY OF	 	 BROWARD

 The foregoing was acknowledged before me this 11th day January, 2010, by Phil von
Kahle of Michael Moecker & Associates, Inc., as Assignee, who is personally known to me or who has produced identification. 
 WITNESS my hand and official seal in the County and State last aforesaid on this      day of January, 2010. 
  

			
	[SEAL]	 	 /s/ Nadira Joseph

		 	Signature of Notary Public
		
		 	 Nadira Joseph

		 	Printed or typed name Notary Public

  

 5 

 VERIFICATION OF ASSIGNMENT AND SCHEDULES BY ASSIGNOR 
 The undersigned, Melissa K. Rice, a Director of Dynamic Response Group, Inc. (the “Assignor”), hereby verifies the Assignment of
all of the Assignor’s rights, title, and interest in and to all of the Assignor’s assets, as indicated on the attached Schedules to that Assignment as filed with this Court on January     , 2010, and further verifies
each of the facts set forth in the Schedules annexed to the Assignment to the best of my knowledge and belief. 
  

			
	 Assignor: DYNAMIC RESPONSE GROUP, INC.,
                  a Florida corporation

		
	By:	 	 /s/ Melissa K. Rice

		 	Melissa K. Rice, a Director of Assignor

  

			
	STATE OF FLORIDA
	COUNTY OF	 	 MIAMI DADE

 The foregoing was acknowledged before me this 6th day of January, 2010, by Melissa K.
Rice, a Director of DYNAMIC RESPONSE GROUP, INC, a Florida corporation, as Assignor, who is personally known to me or who has produced identification. 
 WITNESS my hand and official seal in the County and State last aforesaid on this 6th day of January, 2010. 
  

			
	[SEAL]	 	 /s/ Ronny Halperin

		 	Signature of Notary Public
		
		 	 Ronny Halperin

		 	Printed or typed name Notary Public

  

 6Fourth Omnibus Amendment, dated as of January 11, 2010

 Exhibit 10.1 
 EXECUTION VERSION 
 FOURTH OMNIBUS AMENDMENT 

 This FOURTH OMNIBUS AMENDMENT, dated as of January 11, 2010 (this “Amendment”), is entered into among
SIT FUNDING CORPORATION (the “Borrower”), SYNNEX CORPORATION (“Synnex”), SUMITOMO MITSUI BANKING CORPORATION (“SMBC”), MANHATTAN ASSET FUNDING COMPANY LLC and YC SUSI TRUST (the
“Conduits”), SMBC SECURITIES, INC. (“SMBCSI”) and BANK OF AMERICA, N.A. (“BANA”) (collectively, the “Parties”). 
 RECITALS 
 A. WHEREAS, the Borrower, the Conduits, SMBC,
SMBCSI and BANA are, in various capacities, parties to that certain Third Amended and Restated Receivables Funding and Administration Agreement, dated as of January 23, 2009 (together with all exhibits and schedules thereto, and as heretofore
amended, restated or supplemented, the “FAA”); 
 B. WHEREAS, the Borrower and Synnex are parties to that
certain Third Amended and Restated Receivables Sale and Servicing Agreement, dated as of January 23, 2009 (together with all exhibits and schedules thereto, and as heretofore amended, restated or supplemented, the “SSA”); and

 C. WHEREAS, the parties hereto desire to amend and modify certain terms of the FAA and the SSA as hereinafter set forth.

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows: 
 1. Certain Defined Terms. Capitalized terms that are used herein without definition and that
are defined in Annex X to the FAA and the SSA (“Annex X”) shall have the same meanings herein as in Annex X. 
 2. Amendments to Annex X. The following definitions are hereby amended and restated in their entirety as follows: 
 “Accounting Based Consolidation Event” shall mean the consolidation, for financial and/or regulatory accounting purposes, of all or any portion of the assets and liabilities of any Conduit Lender that are the subject of
this Agreement or any other Transaction Document with all or any portion of the assets and liabilities of the Managing Agent or any Committed Lender in such Conduit Lender’s Lender Group or any of their affiliates as the result of the
determination after the date hereof by such Managing Agent or Committed Lender that the occurrence of any change (whether before, on or after the date hereof) in accounting standards or the issuance of any pronouncement, interpretation or release,
by any accounting body or any other governmental body charged with the promulgation or administration of accounting standards, including, without limitation, the Financial Accounting Standards Board, the International Accounting Standards Board, the
American Institute of Certified Public Accountants, the Federal Reserve Board of Governors and the Securities and Exchange Commission. 

 “Base Rate” means, for any day, a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate for such day, plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by the applicable Managing Agent as its “prime rate”, and (c) the
overnight LIBOR Rate quoted on such day plus 1.00%. The “prime rate” is a rate set by the applicable Managing Agent based upon various factors including such Managing Agent’s costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the prime rate announced by a Managing Agent shall take effect at the opening of
business on the day specified in the public announcement of such change. 
 “Class A Obligor”, “Class B
Obligor”, “Class C Obligor” and “Class D Obligor”, respectively, shall mean, as of any date of determination, an Obligor having a short-term rating or unsecured long-term debt rating or both a short-term
rating and an unsecured long-term rating from either of Moody’s or S&P in accordance with the definition of “Class of Obligor” as determined in the following manner: 
  

					
	 Class of Obligor
	  	 Short-Term Rating
	  	 Long-Term
Rating of Obligor

	 Class A Obligor
	  	A-1/P-1	  	A/A2 or higher
	 Class B Obligor
	  	A-2/P-2	  	A- or BBB+/A3 or Baa1 (but lower than A/A2)
	 Class C Obligor
	  	A-3/P-3	  	BBB or BBB-/Baa2 or Baa3 (but lower than BBB+/Baa1)
	 Class D Obligor
	  	 Lower than A-3/P-3
 or Not Rated
	  	Lower than BBB-/Baa3 or Not Rated

 “Dilution Reserve Ratio” shall mean, as of any date of determination,
the ratio (expressed as a percentage) calculated in accordance with the following formula: 
 DRR=[(2.25 x ADR) + (HDR-
ADR) x (HDR÷ADR)] x DHF 
 where 
 DRR = the Dilution Reserve Ratio; 
 ADR = the average of the Dilution Ratios occurring during the twelve most recent calendar Settlement Periods preceding such date; 
 HDR= the highest Dilution Ratio occurring during the twelve most recent Settlement Periods preceding such date; and 
 DHF= the Dilution Horizon Factor. 
 “Final Advance Date” shall mean January 10, 2011, as such date may be extended with the consent of the Borrower, the Lenders and the Administrative Agent. 
  

 2 

 “Special Obligor” shall mean one or more Class A Obligors, Class B
Obligors, Class C Obligors or Class D Obligors whose “Individual Obligor Percentage” of Eligible Receivables (as specified in the definition of “Concentration Percentage”) is adjusted as permitted under the Funding Agreement to a
percentage greater than such “Individual Obligor Percentage” of Eligible Receivables, which adjustment has been approved in writing as a Special Obligor by notice substantially in the form of Annex Z to the Funding Agreement,
following a request by Synnex to the Administrative Agent. Any Lender may revoke Special Obligor status at any time. 
 3.
Amendments to the FAA. (A) Clause (t) of Section 8.01 is amended and restated in its entirety as follows: 
 “(t)(i) the Default Trigger Ratio shall exceed 2.75%; (ii) the Delinquency Trigger Ratio shall exceed 7.5%; and (iii) the Dilution Trigger Ratio shall exceed 4.5%; or (iv) the Receivables Collection Turnover Trigger
shall exceed 45 days; or”; and 
 (B) Clause (a) of Annex 5.02(a) is amended by adding the phrase “(or, if such
day is not a Business Day, the immediately succeeding Business Day)” immediately following the word “twelfth”. 
 4. Amendments to the SSA. Clause (k) of Section 4.03 is amended and restated in its entirety as follows: 
 “(k) Mergers, Acquisitions, Sales, etc. Other than as permitted pursuant to the Credit Agreement or the Funding Agreement, neither the Parent nor any of its domestic Subsidiaries shall (i) be a party to any merger or
consolidation, or directly or indirectly purchase or otherwise acquire all or substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person; provided that, for the avoidance of
doubt, nothing contained herein is intended to restrict the ability of the Parent or any of its Subsidiaries to create or acquire a Subsidiary so long as such action is permitted under the Credit Agreement or the Funding Agreement, or
(ii) directly or indirectly sell, transfer, assign, convey or lease whether in one or a series of transactions, all or substantially all of its assets other than pursuant hereto, or permit any Subsidiary to do any of the foregoing, except for
any such merger or consolidation, sale, transfer, conveyance, lease or assignment of or by any majority-owned Subsidiary into such Person or into, with or to any other majority-owned Subsidiary and any such purchase or other acquisition by such
Person or any majority-owned Subsidiary of the assets or stock of any majority-owned Subsidiary. In connection with any merger or consolidation that is permitted pursuant to Section 6.1 of the Credit Agreement, each Originator will
(i) provide written notice thereof to Buyer, and (ii) take all such actions and deliver, or cause to be delivered, such opinion letters of counsel, certificates and other agreements that Buyer or the Administrative Agent deems reasonably
necessary or desirable under the UCC to maintain the perfection and priority of Buyer’s ownership interest in the Transferred Receivables.” 
 5. Representations of Synnex and the Borrower. Each of Synnex and the Borrower represents and warrants for itself as follows: 
 (a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 
  

 3 

 (b) This Amendment has been duly executed and delivered by such Person and constitutes such
Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar
laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 
 (c) No consent, approval, authorization or order of, or filing (except for any filing required by federal securities laws), registration or
qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment that has not already been obtained. 
 (d) The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of its organization
documents or (ii) violate, contravene or conflict in any material respect with any laws applicable to it. 
 (e)
Immediately after giving effect to this Amendment, (i) the representations and warranties of the Transaction Parties set forth in the SSA and the representations and warranties of the Borrower set forth in the FAA shall be true and correct and
(ii) no Termination Event or Incipient Termination Event shall have occurred and be continuing. 
 6. Effect of
Amendment. Except as expressly amended and modified by this Amendment, all provisions of the FAA, the SSA and Annex X shall remain in full force and effect. After this Amendment becomes effective, all references in the FAA and the SSA to
“this Agreement”, “hereof”, “herein” or words of similar effect referring to the FAA or the SSA, as applicable, shall be deemed to be references to the FAA and the SSA as amended by this Amendment, and all references in
the FAA and the SSA to “Annex X” shall be deemed to be references to Annex X as amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the FAA, the SSA or Annex X
other than as set forth herein. 
 7. Effectiveness. This Amendment shall become effective as of the date hereof upon
(i) receipt by the Administrative Agent of counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the other parties hereto and (ii) receipt by each Managing Agent of such fees as may be reasonably requested
in connection with the transactions contemplated by this Amendment. 
 8. Counterparts. This Amendment may be executed in
any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 9. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

  

 4 

 10. Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this Amendment, the FAA, the SSA, Annex X or any provision hereof or thereof. 
 [NO FURTHER TEXT ON THIS PAGE] 
  

 5 

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

			
	SIT FUNDING CORPORATION
		
	By:	 	 /s/    Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary
	
	SYNNEX CORPORATION
		
	By:	 	 /s/    Simon Y. Leung

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

			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/    Leif E. Rauer

	Name:	 	Leif E. Rauer
	Title:	 	Vice President
	
	YC SUSI TRUST
		
	By:	 	 Bank of America, National Association
 as Administrative Trustee

		
	By:	 	 /s/    Leif E. Rauer

	Name:	 	Leif E. Rauer
	Title:	 	Vice President

			
	SMBC SECURITIES, INC.
		
	By:	 	 /s/    Nicholas Sgammato

	Name:	 	Nicholas Sgammato
	Title:	 	Attorney-in-fact
	
	SUMITOMO MITSUI BANKING CORPORATION
		
	By:	 	 /s/    Keisuke Yoshida

	Name:	 	Keisuke Yoshida
	Title:	 	Senior Vice President
	
	MANHATTAN ASSET FUNDING COMPANY LLC
		
	By:	 	MAF Receivables Corp., Its Member
		
	By:	 	 /s/    Philip A. Martone

	Name:	 	Philip A. Martone
	Title:	 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]