Document:

Restricted Stock Award Agreement

 
Exhibit 10.6.5 
 JABIL CIRCUIT, INC.

 RESTRICTED STOCK AWARD AGREEMENT 
 This RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) is made as of             , 20     (the “Grant
Date”) between JABIL CIRCUIT, INC. a Delaware corporation (the “Company”) and                      (the “Grantee”).

 Background Information 
 A. The Board of Directors (the “Board”) and shareholders of the Company previously adopted the Jabil Circuit, Inc. 2002 Stock Incentive Plan (the “Plan”). 
 B. Section 8 of the Plan provides that the Administrator shall have the discretion and right to grant Stock Awards to any Employees or Consultants
of the Company, subject to the terms and conditions of the Plan and any additional terms provided by the Administrator. The Administrator has made a Stock Award grant to the Grantee as of the Grant Date pursuant to the terms of the Plan and this
Agreement. 
 C. [NOTE: The Agreement may provide for performance-based vesting, in which event the following provision is included: The
Compensation Committee of the Board (the “Compensation Committee”) has determined that it is desirable for compensation delivered pursuant to such Stock Award to be eligible to qualify for an exemption from the limit on tax deductibility
of compensation under Section 162(m) of the Code, and the Compensation Committee has determined that Section 8(b) of the Plan is applicable to such Stock Award.] 
 D. The Grantee desires to accept the Stock Award grant and agrees to be bound by the terms and conditions of the Plan and this Agreement. 
 E. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Agreement. 
 Agreement 
 1. Restricted
Stock. Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee              shares of Common Stock (the
“Restricted Stock”) as of the Grant Date. [NOTE: The Restricted Stock grant also may be subject to approval by the Company’s shareholders.] The extent to which the Grantee’s rights and interest in the Restricted Stock becomes
vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement. 
 2. Vesting.
Except as may be otherwise provided in Section 3 of this Agreement, the vesting of the Grantee’s rights and interest in the Restricted Stock shall be determined in accordance with this Section 2. [NOTE: The Agreement may provide for
time-based vesting, performance-accelerated vesting, or performance-based vesting. 
  

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 In the event time-based vesting is applicable, the following provision is included: The Grantee’s rights and
interest in the Restricted Stock shall become vested and non-forfeitable and shall cease being restricted [description of date or rate of vesting], provided that in all instances the Grantee is an Employee of, or Consultant to, the Company or a
Subsidiary. 
 In the event performance-accelerated vesting is applicable, the following provision is included after the provision for time-based vesting:
However, the Restricted Stock is subject to accelerated performance-based vesting in the event of the satisfaction of the following performance goal (the “Performance Goal”): [The Agreement shall provide for accelerated vesting of all or a
specified percentage of the Restricted Stock based upon the extent of satisfaction of one or more specified performance goals. The performance goals shall be based upon one or more of the objective performance criteria set forth in the Plan. ]. The
Grantee’s rights and interest in the Restricted Stock shall become vested and non-forfeitable and shall cease being restricted prior to
                     upon written certification by the Company’s Compensation Committee/Chief Executive Officer that the Performance Goal
has been satisfied, provided the Grantee’s Continuous Status as an Employee or Consultant has not terminated more than thirty (30) days prior to the date and time of the Compensation Committee’s/Chief Executive Officer’s
certification. Any determination as to whether or not the Performance Goal has been satisfied shall be made by the Compensation Committee/Chief Executive Officer in its sole and absolute discretion and shall be final, binding and conclusive on all
persons, including, but not limited to, the Company and the Grantee. The Grantee shall not be entitled to any claim or recourse if any action or inaction by the Company, or any other circumstance or event, including any circumstance or event outside
the control of the Grantee, adversely affects the ability of the Grantee to satisfy the Performance Goal or in any way prevents the satisfaction of the Performance Goal. 
 In the event performance-based vesting is applicable, the following provision is included: 
 The extent to which the Grantee’s interest in the Restricted Stock becomes vested and non-forfeitable and ceases to be restricted shall be based upon the
satisfaction of the performance goal specified in this Section 2 (the “Performance Goal”). [NOTE: The Agreement shall provide for vesting of all or a specified percentage of the Restricted Stock based upon the extent of satisfaction
of one or more specified performance goals. The performance goals shall be based upon one or more of the objective performance criteria set forth in the Plan.] The applicable portion of the Restricted Stock shall become vested and non-forfeitable
and shall cease being restricted upon written certification by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) that the corresponding Performance Goal has been satisfied, provided the
Grantee’s Continuous Status as an Employee or Consultant has not terminated more than thirty (30) days prior to the date and time of the Compensation Committee’s certification. Any determination as to whether or not and to what extent
the Performance Goal has been satisfied shall be made by the Compensation Committee in its sole and absolute discretion and shall be final, binding and conclusive on all persons, 
  

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 including, but not limited to, the Company and the Grantee. The Grantee shall not be entitled to any claim or recourse if
any action or inaction by the Company, or any other circumstance or event, including any circumstance or event outside the control of the Grantee, adversely affects the ability of the Grantee to satisfy the Performance Goal or in any way prevents
the satisfaction of the Performance Goal.] 
 3. Change in Control. In the event of a Change in Control, any portion of the Restricted
Stock that is not yet vested on the date such Change in Control is determined to have occurred: 
 (a) shall become fully vested on the first
anniversary of the date of such Change in Control (the “Change in Control Anniversary”) if the Grantee’s Continuous Status as an Employee or Consultant does not terminate prior to the Change in Control Anniversary; 
 (b) shall become fully vested on the Date of Termination if the Grantee’s Continuous Status as an Employee or Consultant terminates prior to the
Change in Control Anniversary as a result of termination by the Company without Cause or resignation by the Grantee for Good Reason; or 
 (c) shall not become fully vested if the Grantee’s Continuous Status as an Employee or Consultant terminates prior to the Change in Control Anniversary as a result of termination by the Company for Cause or resignation by the Grantee
without Good Reason. 
 For purposes of this Section 3, the following definitions shall apply: 
 (d) “Cause” means: 
 (i) The
Grantee’s conviction of a crime involving fraud or dishonesty; or 
 (ii) The Grantee’s continued willful or reckless material
misconduct in the performance of the Grantee’s duties after receipt of written notice from the Company concerning such misconduct; 
 provided, however,
that for purposes of Section 3(d)(ii), Cause shall not include any one or more of the following: bad judgment, negligence or any act or omission believed by the Grantee in good faith to have been in or not opposed to the interest of the Company
(without intent of the Grantee to gain, directly or indirectly, a profit to which the Grantee was not legally entitled). 
 (e) “Good
Reason” means: 
 (i) The assignment to the Grantee of any duties inconsistent in any respect with the Grantee’s position
(including status, titles and reporting requirement), authority, duties or responsibilities, or any other action by the Company that results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an
isolated, insubstantial 
  

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 and inadvertent action that is not taken in bad faith and that is remedied by the Company promptly after receipt of
written notice thereof given by the Grantee within 30 days following the assignment or other action by the Company; 
 (ii) Any reduction in
compensation; or 
 (iii) Change in location of office of more than 35 miles without prior consent of the Grantee. 
 4. Restrictions on Transfer. Until such time as any share of Restricted Stock becomes vested pursuant to Section 2 or Section 3 of this
Agreement, the Grantee shall not have the right to make or permit to occur any transfer, pledge or hypothecation of all or any portion of the Restricted Stock, whether outright or as security, with or without consideration, voluntary or involuntary.
Any transfer, pledge or hypothecation not made in accordance with this Agreement shall be deemed null and void. 
 5. Forfeiture. The
Grantee shall forfeit all of his rights and interest in the Restricted Stock if his Continuous Status as an Employee or Consultant terminates for any reason before the Restricted Stock becomes vested in accordance with Section 2 or
Section 3 of this Agreement; provided, however, that the Company may take an administratively practicable period of time after Grantee’s Continuous Status as an Employee or Consultant ends to evaluate whether the Performance Goal was
satisfied prior to termination of the Grantee’s Continuous Status as an Employee or Consultant. Satisfaction of (as opposed to the Company’s determination of the satisfaction of) the Performance Goal after termination of the Grantee’s
Continuous Status as an Employee or Consultant shall not result in vesting of the Restricted Stock. 
 6. Shares Held by Custodian.
The Grantee hereby authorizes and directs the Company to deliver any share certificate issued by the Company to evidence the award of Restricted Stock to the Secretary of the Company or such other officer of the Company as may be designated by the
Company’s Chief Executive Officer (the “Share Custodian”) to be held by the Share Custodian until the Restricted Stock becomes vested in accordance with Section 2 or Section 3 of this Agreement. When all or any portion of
the Restricted Stock becomes vested, the Share Custodian shall deliver to the Grantee (or his beneficiary in the event of death) a certificate representing the vested Restricted Stock (which then will be unrestricted). The Grantee hereby irrevocably
appoints the Share Custodian, and any successor thereto, as the true and lawful attorney-in-fact of the Grantee with full power and authority to execute any stock transfer power or other instrument necessary to transfer the Restricted Stock to the
Company, or to transfer a portion of the Restricted Stock to the Grantee on an unrestricted basis upon vesting, pursuant to this Agreement, in the name, place, and stead of the Grantee. The term of such appointment shall commence on the Grant Date
and shall continue until all the Restricted Stock becomes vested or is forfeited. During the period that the Share Custodian holds the shares of Restricted Stock subject to this Section 6, the Grantee shall be entitled to all rights applicable
to shares of common stock of the Company not so held, including the right to vote and receive dividends, but provided, however, in the event the number of shares of Restricted Stock is increased or reduced in accordance with Section 11 of the
Plan, and in the event of any 
  

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 distribution of common stock or other securities of the Company in respect of such shares of common stock, the Grantee
agrees that any certificate representing shares of such additional common stock or other securities of the Company issued as a result of any of the foregoing shall be delivered to the Share Custodian and shall be subject to all of the provisions of
this Agreement as if initially received hereunder. 
 7. Tax Consequences. 
 (a) Upon the occurrence of a vesting event specified in Section 2 or Section 3 above, the Grantee must satisfy the federal, state, local or
foreign income and social insurance withholding taxes imposed by reason of the vesting of the Restricted Stock. The Grantee shall make an election with respect to the method of satisfaction of such tax withholding obligation in accordance with
procedures established by the Administrator. Unless the Grantee delivers to the Company or its designee within ten (10) days after the occurrence of the vesting event specified in Section 2 or Section 3 above a certified check payable
in the amount of all tax withholding obligations imposed on the Grantee and the Company by reason of the vesting of the Restricted Stock, the Grantee’s actual number of vested Shares of Restricted Stock shall be reduced by the smallest number
of whole Shares which, when multiplied by the Fair Market Value of the Common Stock on the vesting date, is sufficient to satisfy the amount of such tax withholding obligations. 
 (b) The Grantee understands that the Grantee may elect to be taxed at the Grant Date rather than when the Restricted Stock becomes vested by filing with
the Internal Revenue Service an election under section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), within thirty (30) days from the Grant Date. The Grantee acknowledges that it is the Grantee’s sole
responsibility and not the Company’s responsibility to timely file the Code section 83(b) election with the Internal Revenue Service if the Grantee intends to make such an election. Grantee agrees to provide written notification to the Company
if the Grantee files a Code section 83(b) election. 
 8. No Effect on Employment. Nothing in the Plan or this Agreement shall confer
upon the Grantee the right to continue in the employment of the Company or affect any right which the Company may have to terminate the employment of the Grantee regardless of the effect of such termination of employment on the rights of the Grantee
under the Plan or this Agreement. 
 9. Governing Laws. This Agreement shall be construed and enforced in accordance with the laws of
the State of Florida. 
 10. Successors. This Agreement shall inure to the benefit of, and be binding upon, the Company and the
Grantee and their heirs, legal representatives, successors and permitted assigns. 
 11. Severability. In the event that any one or
more of the provisions or portion thereof contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions of this Agreement, and
this Agreement shall be construed as if the invalid, illegal or unenforceable provision or portion thereof had never been contained herein. 
  

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 12. Entire Agreement. Subject to the terms and conditions of the Plan, which are incorporated
herein by reference, this Agreement expresses the entire understanding and agreement of the parties hereto with respect to such terms, restrictions and limitations. 
 13. Headings. Section headings used herein are for convenience of reference only and shall not be considered in construing this Agreement.
 14. Additional Acknowledgements. By their signatures below (including electronic signatures), the Grantee and the Company agree that the
Restricted Stock is granted under and governed by the terms and conditions of the Plan and this Agreement. Grantee has reviewed in their entirety the prospectus that summarizes the terms of the Plan and this Agreement, has had an opportunity to
request a copy of the Plan in accordance with the procedure described in the prospectus, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the Plan and this Agreement.
Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and this Agreement. 
 IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement as of the Grant Date set forth above. 
  

			
	JABIL CIRCUIT, INC.
		
	By:	 	  

	
	GRANTEE:
	
	  

  

 6Amendment No. 5 to Receivables Purchase Agreement

 Exhibit 10.21 
 AMENDMENT NO. 5 
 to 
 RECEIVABLES PURCHASE AGREEMENT 
 Dated as of February 21, 2006 
 THIS AMENDMENT NO. 5 (this “Amendment”) is entered into as of February 21, 2006 by and among Jabil Circuit Financial II, Inc., a
Delaware corporation (the “Seller”), Jabil Circuit, Inc., a Delaware corporation (the “Servicer”), Jupiter Securitization Corporation (“Jupiter”), the financial institutions party hereto (the
“Financial Institutions”) and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA (Main Office Chicago)), as Agent (the “Agent”). 
 PRELIMINARY STATEMENTS 
 A. The Seller, the Servicer, Jupiter, the Financial
Institutions and the Agent are parties to that certain Receivables Purchase Agreement dated as of February 25, 2004 (as amended prior to the date hereof and as otherwise amended, restated, supplemented or otherwise modified from time to time,
the “RPA”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the RPA. 
 B. The Seller, the Servicer, Jupiter, the Financial Institutions and the Agent have agreed to amend the RPA on the terms and subject to the conditions hereinafter set forth. 
 NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Amendments. Effective as of the date hereof
and subject to the satisfaction of the conditions precedent set forth in Section 3 below, the RPA is hereby amended as follows: 
 (a) Article II of the RPA is hereby amended to add the following Section 2.8 after Section 2.7: 
 Section 2.8. Sale of Charged-Off Receivables. With the prior written consent of the Agent, Seller may sell and assign all of its right, title and interest in and to all or any portion of the Charged-Off
Receivables then held by Seller; provided that Seller has delivered all documents, agreements and information requested by the Agent in connection with such proposed sale. All proceeds of any such sale shall be deposited into a Collection
Account on the date of such sale. 
 (b) Section 7.1(b) of the RPA is hereby amended to delete clause (vi) thereof in its
entirety and replace it with the following: 
 (vi) Manufacturing Subsidiaries. As soon as the Seller becomes aware
thereof, notice of any action taken by any Manufacturing Subsidiary or any other Person to assert any claim against any property of the Seller, any Originator or any Manufacturing Subsidiary. 

 (c) Section 8.1 of the RPA is hereby amended to delete paragraph (b) thereof and replace
it with the following: 
 (b) Without the prior written consent of the Agent and the Required Financial Institutions, Jabil
shall not be permitted to delegate any of its duties or responsibilities as Servicer to any Person other than (i) an Originator with respect to the Receivables originated by it, (ii) with respect to certain Charged-Off Receivables and
Delinquent Receivables, outside collection agencies in accordance with its customary practices, and (iii) each Manufacturing Subsidiary with respect to those Receivables arising from the sale of products manufactured by such Manufacturer
Subsidiary. None of the Originators or Manufacturing Subsidiaries shall be permitted to further delegate to any other Person. If pursuant to the last sentence of Section 8.1(a) the Agent shall designate as Servicer any Person other than
Jabil, all duties and responsibilities theretofore delegated by Jabil to any Originator or any Manufacturing Subsidiary may, at the discretion of the Agent, be terminated forthwith on notice given by the Agent to Jabil. 
 (d) Section 10.1 of the RPA is hereby amended to delete clause (xv) thereof in its entirety and replace it with the following:

 (xv) the operations of any Manufacturing Subsidiary or the enforcement of the Agent’s and the Purchasers’ rights
under any Estoppel Letter; and 
 (e) Exhibit I of the RPA is hereby further amended to delete the definition of “Eligible
Foreign Receivable” in its entirety and replace it with the following: 
 “Eligible Foreign Receivable”
means a Foreign Receivable, the Outstanding Balance of which, when added to the aggregate Outstanding Balance of all other Foreign Receivables, does not exceed the Foreign Receivables Percentage of the Outstanding Balance of all Receivables at such
time. 
 (f) Exhibit I of the RPA is hereby further amended to delete clause (ii)(b) of the definition of “Eligible
Receivable” in its entirety. 
 (g) Exhibit I of the RPA is hereby further amended to delete clause (xx) of the definition
of “Eligible Receivable” in its entirety and replace it with the following: 
 (xx) which, if it arises from the
sale of any product manufactured outside of the United States or from the sale of any product purchased by the related Originator prior to sale to the related Obligor (other than (A) a product manufactured by Jabil Mexico in Guadalajara, Mexico
and purchased from Jabil Luxembourg, (B) a product manufactured by Jabil Chihuahua in Chihuahua, Mexico and purchased from Jabil Luxembourg, (C) a product manufactured by Jabil Reynosa in Reynosa, Mexico, (D) a product manufactured by
Jabil Reynosa II in Reynosa, Mexico and purchased from Jabil Luxembourg, (E) a product manufactured by and purchased from Jabil Malaysia in its plant located at Plot 56, Hilir Sungai Keluang 1, Bayan Lepas Industrial Park, Phase 4, 

 

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 11900 Penang, Malaysia and (F) a product manufactured by or purchased from any other Manufacturing
Subsidiary in the jurisdiction approved by the Agent) such Receivable has been approved in writing by the Agent. 
 (h) Exhibit I of
the RPA is hereby further amended to delete the definitions of “Change of Control”, “Estoppel Letters”, “Liquidity Termination Date” and “Originator” contained therein in their entirety and replace them with
the following: 
 “Change of Control” means (i) the acquisition by any Person, or two or more Persons
acting in concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of 20% or more of the outstanding shares of voting stock of Jabil, (ii) Jabil
shall cease to own, free and clear of all Adverse Claims, directly or indirectly, all of the outstanding partnership interests, membership interests, voting stock or other ownership interests, as applicable, in any Originator or Manufacturing
Subsidiary or (iii) Jabil shall cease to own directly, free and clear of all Adverse Claims, all of the outstanding shares of voting stock of the Seller. 
 “Estoppel Letters” means each of (i) that certain estoppel letter agreement dated as of February 25, 2004
executed by Jabil Mexico and Jabil Chihuahua for the benefit of the Agent, on behalf of the Purchasers, (ii) that certain estoppel letter agreement dated as of February 25, 2004 executed by Jabil Reynosa for the benefit of the Agent, on
behalf of the Purchasers, (iii) that certain estoppel letter agreement dated as of February 21, 2006 executed by Jabil Malaysia for the benefit of the Agent, on behalf of the Purchasers, (iv) that certain estoppel letter agreement
dated as of February 21, 2006 executed by Jabil Reynosa II for the benefit of the Agent, on behalf of the Purchasers, (v) that certain estoppel letter agreement dated as of February 21, 2006 executed by Jabil Luxembourg for the
benefit of the Agent, on behalf of the Purchasers and (vi) each other estoppel letter agreement executed by a Manufacturing Subsidiary for the benefit of the Agent, on behalf of the Purchasers. 
 “Liquidity Termination Date” means February 21, 2007. 
 “Originator” means each of Jabil, Jabil Defense, Jabil Global Services and Jabil Texas, and any other wholly-owned domestic
Subsidiary of Jabil which becomes an Originator pursuant to Section 8.11 of the Receivables Sale Agreement with the consent of the Agent, in each case, in their capacities as sellers under the Receivables Sale Agreement. 
 (i) Exhibit I of the RPA is hereby further amended to add the following definitions in the appropriate alphabetical order: 
 “Foreign Receivables Percentage” means (a) at all times the rating then assigned to Jabil’s senior unsecured
long-term non-credit enhanced debt is less than BB- by Standard & Poor’s Ratings Group and Ba3 by Moody’s Investors Service, Inc., 2.0% and (b) at all other times, 5.0%. 
  

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 “Jabil Defense” means Jabil Defense and Aerospace Services, LLC, a
Delaware limited liability company. 
 “Jabil Luxembourg” means Jabil Luxembourg Manufacturing S.à
r.l., formed under the laws of Luxembourg as a private limited liability company 
 “Jabil Malaysia” means
Jabil Circuit Sdn. Bhd. (Company No. 336537-M), a company incorporated under the laws of Malaysia, as a private company limited by shares. 
 “Jabil Reynosa II” means Jabil Circuit de Reynosa S. de R.L. de C.V., a corporation organized under the laws of México as a Sociedad de Responsabilidad Limitada de Capital Variable.

 “Manufacturing Subsidiary” means each of Jabil Mexico, Jabil Chihuahua, Jabil Reynosa, Jabil Reynosa II,
Jabil Malaysia, Jabil Luxembourg and any other Subsidiary of Jabil which the Agent approves in writing as a Manufacturing Subsidiary from time to time. 
 (j) Exhibit III of the RPA is hereby amended to add the following information at the end: 
 MALAYSIA 
 Jabil Circuit Sdn. Bhd. 
 Plot 56, Hilir Sungai Keluang 1 
 Bayan Lepas Industrial Park 
 Phase 4, 11900 Penang, Malaysia 
 REYNOSA 
 Reynosa Mexico 
 Blvd Montebello 737 Parque Industrial Colonial Cd. 
 Reynosa Tamps CP. 88787 
 REYNOSA II 
 Jabil Circuit de Reynosa
S de RL de CV 
 Boulevard Montebello 737 
 Parque Industrial Colonial Cd. 
 Reynosa Mexico C.P. 88787 
 (k) Exhibit IV of the RPA is hereby amended to add the following Collection Account information: 
  

					
	 Collection Bank
	  	Lockbox Address	  	Related Collection Account
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx
	 JPMorgan Chase Bank, N.A.
	  	xxxxxxxxxxxxxx	  	xxxxxxxxx

  

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 Section 2. Waivers. 
 (a) The Seller has notified the Agent and the Purchasers that on January 10, 2006 it sold all Receivables for which the Obligor is Delphi Corporation
to a third-party collection company (the “Delphi Sale”). Each of the Agent and each Purchaser hereby waives any Amortization Event which may have occurred in connection with the Delphi Sale. Each of the Agent and each Purchaser hereby
expressly reserves all of its rights with respect to the occurrence of any other Amortization Event or Potential Amortization Event, if any, whether previously existing or hereinafter arising or which exist at any time on or after the date first
written above. This specific waiver applies only to the above-specified violation. 
 (b) The Seller has notified the Agent and the
Purchasers that not all Obligors of Jabil Defense (the “Jabil Defense Obligors”) have been notified of the assignment and sale of the Receivables under the Receivables Sale Agreement and the RPA as required by Section 7.1(n) of
the RPA. Each of the Agent and each Purchaser hereby waives the Seller’s compliance with Section 7.1(n) of the RPA, solely with respect to the Jabil Defense Obligors, until March 23, 2006. Each of the Agent and each Purchaser
hereby expressly reserves all of its rights with respect to the occurrence of such failure at any time on and after March 23, 2006 and with respect to any other Amortization Event or Potential Amortization Event, if any, whether previously
existing or hereinafter arising or which exist at any time on or after the date first written above. This specific waiver applies only to the above-specified violation. 
 (c) Each of the Agent and each Purchaser hereby waives until March 3, 2006 any Amortization Event which may occur in connection with the failure of the Seller to cause each Lock-Box and Collection Account listed
in this Amendment to be subject at all times to a Collection Account Agreement that is in full force and effect. Each of the Agent and each Purchaser hereby expressly reserves all of its rights with respect to the occurrence of such failure at any
time on and after March 3, 2006 and with respect to any other Amortization Event or Potential Amortization Event, if any, whether previously existing or hereinafter arising or which exist at any time on or after the date first written above.
This specific waiver applies only to the above-specified violation. 
 Section 3. Conditions Precedent; Consent to
Amendment. 
 (a) This Amendment shall become effective and be deemed effective, as of the date first above written, upon the latest to
occur of (i) the date hereof, (ii) receipt by the 
  

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 Agent of one copy of this Amendment duly executed by each of the parties hereto, (iii) receipt by the Agent of each
of the documents listed on Schedule I hereto and (iv) receipt by J.P. Morgan Securities Inc. of the amendment fee due to it in connection with this Amendment. 
 (b) Each of the Agent and each Purchaser hereby consents to Amendment No. 1 to the Receivables Sale Agreement dated the date hereof among the Originators and the Seller. 
 Section 4. Covenants, Representations and Warranties of the Seller and the Servicer. 
 (a) Upon the effectiveness of this Amendment, each of the Seller and the Servicer hereby reaffirms all covenants, representations and warranties made by
it in the RPA, as amended, 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. 
 (b) Each of the Seller and the Servicer hereby represents and warrants as to itself (i) that this Amendment constitutes the legal, valid and binding
obligation of such party enforceable against such party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and general principles of equity which may limit the availability of equitable remedies and (ii) upon the effectiveness of this Amendment, that no event shall have occurred and be continuing which constitutes an Amortization Event or
a Potential Amortization Event. 
 Section 5. Fees, Costs, Expenses and Taxes. Without limiting the rights of the Agent
and the Purchasers set forth in the RPA and the other Transaction Documents, the Seller agrees to pay on demand all reasonable fees and out-of-pocket expenses of counsel for the Agent and the Purchasers incurred in connection with the preparation,
execution and delivery of this Amendment and the other instruments and documents to be delivered in connection herewith and with respect to advising the Agent and the Purchasers as to their rights and responsibilities hereunder and thereunder.

 Section 6. Reference to and Effect on the RPA. 
 (a) Upon the effectiveness of this Amendment, each reference in the RPA to “this Agreement,” “hereunder,” “hereof,”
“herein,” “hereby” or words of like import shall mean and be a reference to the RPA as amended hereby, and each reference to the RPA in any other document, instrument or agreement executed and/or delivered in connection with the
RPA shall mean and be a reference to the RPA as amended hereby. 
 (b) Except as specifically amended hereby, the RPA and 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. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Purchaser or the Agent under the RPA or any of the other Transaction Documents, nor
constitute a waiver of any provision contained therein. 
  

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 Section 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS. 
 Section 8. Execution in
Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together
shall constitute but one and the same instrument. 
 Section 9. 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. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the date first set
forth above by their respective officers thereto duly authorized, to be effective as hereinabove provided. 
  

			
	JABIL CIRCUIT FINANCIAL II, INC., as Seller
		
	By:	 	 /s/ Stephen Kerr

	Name:	 	Stephen Kerr
	Title:	 	Vice President
	
	JABIL CIRCUIT, INC., as Servicer
		
	By:	 	 /s/ Forbes Alexander

	Name:	 	Forbes Alexander
	Title:	 	Chief Financial Officer

 Signature Page to Amendment No. 5 

			
	JUPITER SECURITIZATION CORPORATION
		
		 	 By: JPMorgan Chase Bank, N.A., as its
 attorney-in-fact

		
	By:	 	 /s/ Maureen Marcon

	Name:	 	Maureen Marcon
	Title:	 	Vice President
	
	JPMORGAN CHASE BANK, N.A.
		 	 (successor by merger to Bank One, N.A.
 (Main Office
Chicago)),
 as a Financial Institution and as Agent

		
	By:	 	 /s/ Maureen Marcon

	Name:	 	Maureen Marcon
	Title:	 	Vice President

 Signature Page to Amendment No. 5

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