Document:

snx-ex101_34.htm

Exhibit 10.1

January 25, 2021

Dennis Polk

 

 

	
 
	
Re:
	
Amendment to Promotion Offer Letter

Dear Mr. Polk:

Reference is made to that certain promotion offer letter, dated January 4, 2018 (the “Offer Letter”), by and between you and SYNNEX Corporation (“Company”).

Pursuant to Section 14(b) of the Offer Letter, as of the date first written herein, the Company and you wish to amend the Offer Letter by this letter amendment (“Amendment”).  Capitalized terms used in this Amendment which are not otherwise defined herein, shall have the meanings given such terms in the Offer Letter.  Therefore, the parties agree that a new Section 7(c) shall be added as follows:

	
Section 1
	
Amendment to the Agreement

Section 7(c) Retirement:  if you terminate your employment with the Company for a reason other than Cause, Disability or death and you sign a standard release of claims, then, subject to Section 8, eighty percent (80%) of your then unvested equity grant awards, except any unvested long-term performance-based RSU awards and any unvested equity grant awards with an effective date less than three (3) months prior to your termination, will be accelerated upon your date of termination.

	
Section 2
	
Reference to and Effect on the Agreement

2.1Upon the effectiveness of this Amendment, on and after the date hereof, each reference to the Agreement shall mean and be a reference to the Agreement as amended hereby.

2.2Except as specifically set forth above, the 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.

2.3The 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 a party, nor constitute a waiver of any provision of the Agreement, or any other documents, instruments and agreements executed and/or delivered in connection therewith.

Page 2

 

 

If the above changes to the Agreement are acceptable, please acknowledge your acceptance below and return the executed portion of this Amendment on or before January 25, 2021.

Very truly yours,

SYNNEX Corporation

/s/ Kevin M. Murai

Kevin M. Murai

Chairman of the Board of Directors

AGREED AND ACCEPTED:

 

/s/ Dennis Polk____________

Dennis Polksnx-ex102_35.htm

Exhibit 10.2

January 25, 2021

Peter Larocque

 

 

	
 
	
Re:
	
Retirement Offer Letter

Dear Mr. Larocque:

SYNNEX Corporation (the “Company”) is pleased to offer you the following benefits in consideration for your past and future services in connection with your retirement:

	
1.
	
At Will Employment.  Employment with the Company is for no specific period of time.  Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without Cause.

	
2.
	
Retirement Benefits.  If you terminate your employment with the Company for a reason other than Cause, Disability or death on or after December 1, 2023 and you sign a standard release of claims, then, subject to Section 3 below, all of your then unvested equity grant awards, except any unvested long-term performance-based RSU awards and any unvested equity grant awards with an effective date less than three (3) months prior to your termination, will be accelerated upon your date of termination.

	
3.
	
Conditions to Receipt of Retirement Benefits.

(a)Release of Claims.  The receipt of any retirement benefits pursuant to Section 2 will be subject to your signing and not revoking a release of claims in a form acceptable to the Company within such period of time as the Company may require, but not to exceed twenty-one (21) days following your termination of employment. 

(b)Noncompetition; Nonsolicitation.  The receipt of any retirement benefits pursuant to Section 2 will be subject to your not violating the provisions of Section 4.  In the event you breach the provisions of Section 4, or if you elect not to comply with the terms of Section 4(a) on noncompetition or Section 4(b)(ii) on nonsolicitation of business, all continuing payments and benefits to which you would have been entitled pursuant to Section 2 will immediately cease.

	
4.
	
Restrictive Covenants.

(a)Noncompete.  For a period beginning on your termination date and ending [twelve (12)] months thereafter, you agree 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 

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business that competes with Company (or any parent or subsidiary of the Company); provided, however, that you 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.  You may elect not to comply with the provisions of this Section 4(a) following your termination of employment.  However, all continuing payments and benefits to which you would have been entitled pursuant to Section 2 will immediately cease.

(b)Nonsolicit.

(i)For a period beginning on your termination date and ending [twelve (12)] months thereafter, you, directly or indirectly, whether as employee, owner, sole proprietor, partner, director, member, consultant, agent, founder, co-venturer or otherwise, will not solicit, induce or influence any person to leave employment with the Company (or any parent or subsidiary of the Company). 

(ii)For a period beginning on your termination date and ending [twelve (12)] months thereafter, you, directly or indirectly, whether as employee, owner, sole proprietor, partner, director, member, consultant, agent, founder, co-venturer or otherwise, will not 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).  You may elect not to comply with the provisions of this Section 4(b)(ii) following your termination of employment.  However, all continuing payments and benefits to which you would have been entitled pursuant to Section 2 will immediately cease.

(c)Understanding of Covenants.  You represent that you (i) are familiar with the foregoing covenants not to compete and not to solicit, and (ii) are fully aware of your obligations hereunder, including, without limitation, the reasonableness of the length of time, scope and geographic coverage of these covenants.

	
5.
	
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 of Directors (“Board”) or (iii) intentional breach of Company confidential information obligations which has an adverse effect on the Company or 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)Disability.  “Disability” means that you have been unable to perform the principal functions of your 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) 

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months.  Whether you have a Disability will be determined by the Board based on evidence provided by one or more physicians selected by the Board.

	
6.
	
Miscellaneous Provisions.

(a)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 you and by an authorized officer of the Company (other than you).  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.

(b)Entire Agreement.  This agreement 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. This agreement may only be modified by a signed writing between the parties.

(c)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.

(d)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.

(e)Withholding.  All payments made pursuant to this agreement will be subject to withholding of applicable income and employment taxes.

If the above offer is acceptable, please acknowledge your acceptance below and return the executed portion of this Amendment on or before January 25, 2021.

Very truly yours,

SYNNEX Corporation

/s/ Dennis Polk

Dennis Polk

President and Chief Executive Officer

AGREED AND ACCEPTED:

 

/s/ Peter Larocque_________

Peter LarocqueExhibit 4.1

 

	NUMBER	UNITS
	U-	 

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP 88605T 209

 

THUNDER BRIDGE CAPITAL PARTNERS III INC.

 

UNITS CONSISTING OF ONE SHARE OF CLASS A
COMMON STOCK AND ONE-QUARTER OF ONE 

REDEEMABLE WARRANT,

 

EACH WHOLE WARRANT ENTITLING THE HOLDER
TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK

 

THIS CERTIFIES THAT                     
is the owner of          Units.

 

Each Unit (“Unit”)
consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”),
of Thunder Bridge Capital Partners III Inc., a Delaware corporation (the “Company”), and one-quarter
of one redeemable warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one
(1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each whole Warrant will
become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each
a “Business Combination”), or (ii) twelve (12) months from the closing of the Company’s
initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years
after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the
“Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate
are not transferable separately prior to            , 2021, unless Morgan
Stanley & Co. LLC elects to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K
with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross
proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. The
terms of the Warrants are governed by a Warrant Agreement, dated as of             
, 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms
and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies
of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York,
New York 10004, and are available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and
construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile signature of a duly
authorized signatory of the Company.

 

	 	 	 
	Authorized Signatory	 	Transfer Agent

 

     

     

    

 

Thunder Bridge Capital Partners III Inc.

 

The Company will furnish without charge
to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used
in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations: 

 

	TEN COM      —    as tenants in common	 	UNIF GIFT MIN ACT	 	—	 	 	 	Custodian	 	 
	TEN ENT       —    as tenants by the entireties	 	 	 	 	 	    (Cust)    	 	 	 	      (Minor)      
	 	 	 	 
	JT TEN           —     as joint tenants with right of survivorship and not as tenants in common	 	 	 	under Uniform Gifts to Minors Act
	 	 	 	 	 
	 	 	 	 	 	 	(State)

 

Additional abbreviations may also be used
though not in the above list.

 

For value received,                     
hereby sell, assign and transfer unto                     

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE)

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

Units represented by the within Certificate,
and do hereby irrevocably constitute and appoint

 

Attorney to transfer the said Units on the books of
the within named Company with full power of substitution in the premises.

 

Dated

 

	 	 
	 	 
	 	 
	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

	Signature(s) Guaranteed:	 
	 	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).	 

 

In each case, as more fully described
in the Company’s final prospectus dated                   ,
2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust
account established in connection with its initial public offering only in the event that (i) the Company redeems the shares
of Class A common stock sold in the Company’s initial public offering and liquidates because it does not consummate
an initial business combination within the time period set forth in the Company’s amended and restated certificate of incorporation,
as the same may be amended from time to time (such date being referred to herein as the “Last Date”), (ii) the
Company redeems the shares of Class A common stock sold in its initial public offering in connection with a stockholder vote
to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s
obligation to allow redemption in connection with the Company’s initial business combination or to redeem 100% of the Class A
common stock if it does not consummate an initial business combination by the Last Date, or with respect to any other provision
relating to stockholders’ rights or pre-initial Business Combination activity, or (iii) if the holder(s) seek(s) to
redeem for cash his, her or its respective shares of Class A common stock in connection with a tender offer (or proxy solicitation,
solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details
of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any
kind in or to the trust account.

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