Document:

Exhibit 10.1

Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 12

TO

RECEIVABLES PURCHASE AGREEMENT

THIS AMENDMENT NO. 12 TO RECEIVABLES PURCHASE AGREEMENT dated as of July 1, 2010 (this
“Agreement”) is entered into among INSIGHT RECEIVABLES, LLC (the “Seller”), INSIGHT
ENTERPRISES, INC. (“Insight” and the “Servicer”), the Purchasers and Managing
Agents party hereto, and JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA (Main
Office Chicago)), as agent for the Purchasers (in such capacity, the “Agent”). Capitalized
terms used herein but not defined herein shall have the meanings provided in the Receivables
Purchase Agreement defined below.

W I T N E S S E T H

WHEREAS, the parties hereto are parties to that certain Receivables Purchase Agreement dated
as of December 31, 2002 (as amended, restated, supplemented or otherwise modified from time to
time, the “Receivables Purchase Agreement”);

WHEREAS, the parties hereto have agreed to amend the Receivables Purchase Agreement on the
terms and conditions hereafter set forth;

NOW, THEREFORE, in consideration of the premises set forth above, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

SECTION 1. Amendment. Subject to the fulfillment of the conditions precedent set
forth in Section 2 below, the Receivables Purchase Agreement is hereby amended as follows:

1.1 Section 5.1 thereof is hereby amended to add the following new clause (z) at the end
thereof:

(z) Payments in Ordinary Course. Each remittance of Collections by the Seller
to the Agent, the Managing Agents or the Purchasers hereunder will have been made (i) in
payment of a debt incurred in the ordinary course of business or financial affairs and (ii)
in the ordinary course of business or financial affairs.

1.2 Section 9.1(g)(iii) thereof is amended to delete the reference therein to “6.50%” and to
substitute “6.00%” therefor

 

 

 

1.3 Section 10.2 thereof is hereby amended and restated in its entirety as follows:

Section 10.2 Increased Cost and Reduced Return. (a) If any Regulatory Change
(i) subjects any Purchaser or any Funding Source to any charge or withholding on or with
respect to any Funding Agreement or this Agreement or a Purchaser’s or Funding Source’s
obligations under a Funding Agreement or this Agreement, or on or with respect to the
Receivables, or changes the basis of taxation of payments to any Purchaser or any Funding
Source of any amounts payable under any Funding Agreement
or this Agreement (except for changes in the rate of tax on the overall net income of a
Purchaser or Funding Source or taxes excluded by Section 10.1) or (ii) imposes,
modifies or deems applicable any reserve, assessment, fee, tax, insurance charge, special
deposit or similar requirement against assets of, deposits with or for the account of, or
liabilities of a Funding Source or a Purchaser, or credit extended by a Funding Source or a
Purchaser pursuant to a Funding Agreement or this Agreement or (iii) imposes any other
condition the result of which is to increase the cost to a Funding Source or a Purchaser of
performing its obligations under a Funding Agreement or this Agreement, or to reduce the
rate of return on a Funding Source’s or Purchaser’s capital as a consequence of its
obligations under a Funding Agreement or this Agreement, or to reduce the amount of any sum
received or receivable by a Funding Source or a Purchaser under a Funding Agreement or this
Agreement, or to require any payment calculated by reference to the amount of interests or
loans held or interest received by it, then, upon demand by the applicable Managing Agent,
Seller shall pay to such Managing Agent, for the benefit of the relevant Funding Source or
Purchaser, such amounts charged to such Funding Source or Purchaser or such amounts to
otherwise compensate such Funding Source or such Purchaser for such increased cost or such
reduction. The term “Regulatory Change” shall mean (i) the adoption after the date
hereof of any applicable law, rule or regulation (including any applicable law, rule or
regulation regarding capital adequacy) or any change therein after the date hereof, (ii) any
change after the date hereof in the interpretation or administration thereof by any
governmental authority, central bank or comparable agency charged with the interpretation or
administration thereof, or compliance with any request or directive (whether or not having
the force of law) of any such authority, central bank or comparable agency, or (iii) the
compliance, whether commenced prior to or after the date hereof, by any Funding Source or
Purchaser with the final rule titled Risk-Based Capital Guidelines; Capital Adequacy
Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to Generally
Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and
Other Related Issues, adopted by the United States bank regulatory agencies on December
15, 2009, or any rules or regulations promulgated in connection therewith by any such
agency.

(b) A certificate of the applicable Purchaser or Funding Source setting forth the
amount or amounts necessary to compensate such Purchaser or Funding Source pursuant to
paragraph (a) of this Section 10.2 shall be delivered to the Seller and shall be
conclusive absent manifest error.

 

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(c) If any Purchaser or any Funding Source has or anticipates having any claim for
compensation from the Seller pursuant to clause (iii) of the definition of Regulatory Change
appearing in paragraph (a) of this Section 10.2, and such Purchaser or Funding
Source believes that having the facility publicly rated by one credit rating agency would
reduce the amount of such compensation by an amount deemed by such Purchaser or Funding
Source to be material, such Purchaser or Funding Source shall provide written notice to the
Seller and the Servicer (a “Ratings Request”) that such Purchaser or Funding Source
intends to request a public rating of the facility from one credit rating agency selected by
such Purchaser or Funding Source and reasonably acceptable to the Seller, of at least “A”,
or its equivalent (the “Required Rating”). The
Seller and the Servicer agree that they shall cooperate with such Purchaser’s or
Funding Source’s efforts to obtain the Required Rating, and shall provide the applicable
credit rating agency (either directly or through distribution to the Agent, applicable
Managing Agent, Purchaser or Funding Source), any information requested by such credit
rating agency for purposes of providing and monitoring the Required Rating. The Managing
Agents shall pay (i) the initial fees payable to the credit rating agency for providing the
rating, (ii) reasonable attorneys’ fees of counsel for Managing Agents and the Seller,
payable in connection with obtaining the rating, subject to a cap of $10,000 in the
aggregate, and (iii) all ongoing fees payable to the credit rating agency for their
continued monitoring of the rating, in each case allocated among the Managing Agents based
on the Pro Rata Share of their Purchaser Groups. Nothing in this Section 10.2(c)
shall preclude any Purchaser or Funding Source from demanding compensation from the Seller
pursuant to Section 10.2(a) hereof at any time and without regard to whether the
Required Rating shall have been obtained, or shall require any Purchaser or Funding Source
to obtain any rating on the facility prior to demanding any such compensation from the
Seller.

1.4 The definition of “Amortization Date” set forth in Exhibit I thereto is amended and
restated in its entirety as follows:

“Amortization Date” means the earliest to occur of (i) the day on which any of
the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the
Business Day immediately prior to the occurrence of an Amortization Event set forth in
Section 9.1(d)(ii), (iii) the Business Day specified in a written notice from the
Agent following the occurrence of any other Amortization Event pursuant to Section
9.2 hereof, (iv) the Business Day specified in a written notice from the Agent following
the failure to obtain the Required Rating within 90 days following delivery of a Ratings
Request to the Seller and the Servicer, and (iv) the date which is 30 days after the Agent’s
receipt of written notice from Seller that it wishes to terminate the facility evidenced by
this Agreement.

1.5 Exhibit I thereto is amended to add the new definition “Applicable Price Differential”
thereto in alphabetical order”

“Applicable Price Differential” has the meaning set forth in the Fee Letter.

1.6 The definition of “Deducted Receivable” set forth in Exhibit I thereto is amended and
restated in its entirety as follows:

“Deducted Receivables” means, collectively, the California Contingent
Receivables, the Software Spectrum Government Receivables, and all Receivables the Obligor
of which is Microsoft Corporation or any of its subsidiaries.

1.7 Clause (ii) of the definition of “Eligible Receivable” set forth in Exhibit I thereto is
amended to delete the reference therein to “25%” and to substitute “35%” therefor.

 

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1.8 Clause (v) of the definition of “Eligible Receivable” set forth in Exhibit I thereto is
amended and restated in its entirety as follows:

(v) which by its terms is due and payable within 90 days of the original invoice date
therefor and has not had its payment terms extended; provided, however, that
(i) no more than 35% of the aggregate Outstanding Balance of all Eligible Receivables may be
due and payable more than 30 days and within 60 days after the original invoice date thereof
and (ii) no more than 10% of the aggregate Outstanding Balance of all Eligible Receivables
may be due and payable more than 60 days and within 90 days after the original invoice date
thereof;

1.9 The definition of “Facility Termination Date” set forth in Exhibit I thereto is amended
and restated in its entirety as follows:

“Facility Termination Date” means the earliest of (i) April 1, 2013, (ii) the
Liquidity Termination Date and (iii) the Amortization Date.

1.10 The definition of “Fee Letter” set forth in Exhibit I thereto is amended and restated in
its entirety as follows:

“Fee Letter” means (i) that certain Fourth Amended and Restated Fee Letter,
dated as of June 24, 2010, among Seller, the Agent and the Managing Agents and (ii) any
other letter designated as a “Fee Letter” therein and entered into between Seller and any of
the parties hereto from time to time, in each case as such letter may be amended, restated,
supplemented or otherwise modified and in effect from time to time.

1.11 The definition of “LIBO Rate” set forth in Exhibit I thereto is amended to delete the
reference therein to “4.25%” and to substitute “3.45% plus the Applicable Price Differential”
therefor.

1.12 The definition of “Liquidity Termination Date” set forth in Exhibit I thereto is amended
and restated in its entirety as follows.

“Liquidity Termination Date” means April 1, 2013 or such later date to which
the Liquidity Termination Date may be extended in accordance with Section 12.3.

1.13 Exhibit I thereto is amended to add the following new definitions thereto in alphabetical
order:

“Ratings Request” has the meaning set forth in Section 10.2(c).

“Required Rating” has the meaning set forth in Section 10.2(c).

SECTION 2. Conditions Precedent. This Agreement shall become effective as of the
close of business on the date first above written, subject to the satisfaction of the conditions
precedent that (a) the Managing Agents shall have received: (i) counterparts of this Agreement
executed by each of the parties hereto, (ii) a Reaffirmation of Performance Undertaking in the form
attached as Exhibit A, executed by Insight, and (iii) all fees and expenses required to be paid on
the date hereof pursuant to the terms of the Fee Letters and (b) the Managing Agents shall have
received for the ratable account of the Purchasers in their
respective Purchaser Groups, all fees required to be paid on the date hereof pursuant to the
Fourth Amended and Restated Fee Letter, dated as of July 1, 2010, by and among the Agent, PNC Bank,
National Association and the Seller.

 

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SECTION 3. Representations and Warranties. Each of the Seller and the Servicer hereby
represents and warrants that (i) this Agreement constitutes its legal, valid and binding
obligation, enforceable against such party in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law) and the implied covenants of
good faith and fair dealing; and (ii) after giving effect to this Agreement, the representations
and warranties of each such party, respectively, set forth in Article V of the Receivables
Purchase Agreement are true and correct in all material respects with the same effect as if made on
the date hereof, except to the extent such representations and warranties expressly relate to an
earlier date. The Seller further represents and warrants that after giving effect to this
Agreement, no event has occurred and is continuing that constitutes an Amortization Event or a
Potential Amortization Event.

SECTION 4. Reference to and Effect on the Receivables Purchase Agreement.

4.1 Upon the effectiveness of this Agreement, (i) each reference in the Receivables Purchase
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import shall mean
and be a reference to the Receivables Purchase Agreement, as amended hereby, and (ii) each
reference to the Receivables Purchase Agreement in any other Transaction Document or any other
document, instrument or agreement executed and/or delivered in connection therewith, shall mean and
be a reference to the Receivables Purchase Agreement as amended hereby.

4.2 Except as specifically amended hereby, the terms and conditions of the Receivables
Purchase Agreement, of all other Transaction Documents and any other documents, instruments and
agreements executed and/or delivered in connection therewith, shall remain in full force and effect
and are hereby ratified and confirmed.

4.3 The execution, delivery and effectiveness of this Agreement shall not operate as a waiver
of any right, power or remedy of the Agent, any Purchaser or any Managing Agent under the
Receivables Purchase Agreement or any other Transaction Document or any other document, instrument
or agreement executed in connection therewith, nor constitute a waiver of any provision contained
therein, in each case except as specifically set forth herein.

SECTION 5. Costs and Expenses. The Seller agrees to pay on demand all reasonable
costs and expenses of the Agent, the Managing Agents and the Purchasers in connection with the
preparation, execution and delivery of this Agreement and the other instruments and documents to be
delivered in connection herewith, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel for the Agent, the Managing Agents and the Purchasers with
respect thereto and with respect to advising the Agent, the Managing Agents and the Purchasers as
to their respective rights and responsibilities hereunder and thereunder.

 

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SECTION 6. Execution in Counterparts. This Agreement 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 7. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, BUT NOT LIMITED TO, 735 ILCS SECTION 105/5-1 ET
SEQ., BUT OTHERWISE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS) OF THE STATE OF ILLINOIS.

SECTION 8. Section Titles. The section titles contained in this Agreement are and
shall be without substance, meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto.

[Remainder of page left intentionally blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	INSIGHT RECEIVABLES, LLC

 	 
	 	By:  	     Insight Receivables Holding, LLC, its Sole Member
 	 
	 	 	 	 	 
	 	By:  	                                      /s/ Helen Johnson
 	 
	 	 	Name:  	Helen Johnson 	 
	 	 	Title:  	Treasurer 	 

	 	 	 	 	 
	 	INSIGHT ENTERPRISES, INC.

 	 
	 	By:  	/s/ Helen Johnson
 	 
	 	 	Name:  	Helen Johnson 	 
	 	 	Title:  	Treasurer 	 

Signature Page to

Amendment No. 12 to Receivables Purchase Agreement

 

 

 

	 	 	 	 	 
	 	JUPITER SECURITIZATION COMPANY LLC
 (successor by merger to JS
Siloed Trust), as a Conduit

 	 
	 	By:  	JPMorgan Chase Bank, N.A., its administrative trustee
 	 
	 	 	 	 	 
	 	By:  	                                      /s/ Joel C. Gedroic
 	 
	 	 	Name:  	Joel C. Gedroic 	 
	 	 	Title:  	Executive Director 	 
	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as a Financial Institution, as

Agent and as a Managing Agent

 	 
	 	By:  	/s/ Joel C. Gedroic
 	 
	 	 	Name:  	Joel C. Gedroic 	 
	 	 	Title:  	Executive Director 	 

Signature Page to

Amendment No. 12 to Receivables Purchase Agreement

 

 

 

	 	 	 	 	 
	 	MARKET STREET FUNDING LLC, as a Conduit

 	 
	 	By:  	/s/ Doris J. Hearn
 	 
	 	 	Name:  	Doris J. Hearn 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

as a Financial Institution and a Managing Agent

 	 
	 	By:  	/s/ Robin A. Reeher
 	 
	 	 	Name:  	Robin A. Reeher 	 
	 	 	Title:  	Vice President 	 

 

 

 

Exhibit A

REAFFIRMATION OF PERFORMANCE UNDERTAKING

Reference is hereby made to that certain Amended and Restated Performance Undertaking, dated
as of September 3, 2003 (as amended, restated, supplemented or otherwise modified from time to
time, the “Undertaking”), executed by Insight Enterprises, Inc., a Delaware corporation
(the “Performance Undertaker”), in favor of JPMorgan Chase Bank, N.A. (successor by merger
to Bank One, NA (Main Office Chicago)) (“JPMorgan”), as Agent (the “Agent”).
Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the
Undertaking.

The Performance Undertaker hereby:

(i) acknowledges receipt of that certain Amendment No. 4, dated as of the date hereof (the
“Amendment”), to the Amended and Restated Receivables Sale Agreement, dated as of September
3, 2003, by and among Insight Direct USA, Inc., and Insight Public Sector, Inc., as Originators,
and Insight Receivables, LLC, as Buyer;

(ii) reaffirms all of its obligations under the Undertaking in favor of the Agent, for the
benefit of itself and the Purchasers; and

(iii) acknowledges and agrees that (A) the Undertaking remains in full force and effect
notwithstanding the Amendment and (B) the Undertaking is hereby ratified and confirmed.

[Remainder of page intentionally blank.]

 

 

 

Date: July 1, 2010

	 	 	 	 	 
	 	INSIGHT ENTERPRISES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:Exhibit 10.2

Exhibit 10.2

EXECUTION COPY

AMENDMENT NUMBER TWO TO

CREDIT AGREEMENT

THIS AMENDMENT NUMBER TWO TO CREDIT AGREEMENT (this “Amendment”) is effective as of
August 12, 2010 (the “Second Amendment Effective Date”) by and among CALENCE, LLC, a Delaware
limited liability company (“Calence”), INSIGHT DIRECT USA, INC., an Illinois corporation
(“Insight Direct”), INSIGHT PUBLIC SECTOR, INC., an Illinois corporation (“Insight
Public”, and collectively with Calence and Insight Direct, the “Resellers” and each, a
“Reseller”), and certain of the Lenders party to the Credit Agreement described below. All
capitalized terms used herein without definition shall have the same meanings as set forth in the
Credit Agreement.

W I T N E S S E T H:

WHEREAS, the Resellers, the Lenders, and the Agents are parties to that certain Credit
Agreement, dated as of September 17, 2008 (as amended, restated, amended and restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”);

WHEREAS, the Resellers and the Required Lenders desire to increase the amount of the Aggregate
Floorplan Loan Facility Limit; and

WHEREAS, the Resellers and the Required Lenders have agreed to amend the Credit Agreement on
the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the foregoing premises, the terms and conditions stated
herein and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties hereto, such parties hereby agree as follows:

1. Amendments. Subject to the satisfaction of the condition precedent set forth in
Section 3 below, the Resellers and the Required Lenders party hereto hereby agree:

a. upon the Effective Date, to replace Exhibit A of the Credit Agreement with
the attached Exhibit A.

b. that the following definitions shall be added to Exhibit B of the Credit
Agreement in proper alphabetical order:

Code – means the U.S. Internal Revenue Code of 1986, as amended.

Second Amendment – means that certain Amendment Number Two to
Credit Agreement, dated as of August 12, 2010, by and among the Resellers and the
Lenders party thereto.

Second Amendment Effective Date – has the meaning specified
therefor in the Second Amendment.

 

 

 

c. that the following definitions listed on Exhibit B of the Credit Agreement
shall be deleted in their entirety and in their place shall have been substituted
the following:

1. Aggregate Floorplan Loan Facility Limit – means One Hundred
Fifty Million Dollars ($150,000,000), as may be reduced pursuant to terms of
Section 3.2.2 of this Agreement.

2. Commitment – means, with respect to each Lender, the commitment
of such Lender to make Floorplan Loans and to acquire participations in Interim
Floorplan Loans hereunder, expressed as an amount representing the maximum aggregate
amount of such Lender’s Floorplan Loan Facility exposure hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 3.2, and
(b) reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 14.4. The initial amount of each Lender’s
Commitment is set forth on Exhibit A, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its Commitment, as applicable. The
aggregate amount of the Commitments on the Second Amendment Effective Date is
$150,000,000.

d. that the definition of “Excluded Taxes” contained in Exhibit B of the
Credit Agreement shall be amended to (i) delete therefrom the phrase “, or (c)” and
substitute therefor the following phrase: “, (c) any tax that is attributable to
such Lender’s failure or inability to take any action (including entering into an
agreement with the IRS), comply with any information gathering or reporting
requirements, or to provide a Reseller (with a copy to the Administrative Agents)
with appropriate certification, in each case, if such compliance or certification is
required to obtain exemption from any United States federal withholding taxes under
Sections 1471 or 1472 of the Code and any regulations promulgated thereunder and any
interpretation or other guidance issued in connection therewith, or (d)”, and (ii)
delete therefrom the phrase “clause (c) above” and substitute therefor the
following phrase “clause (d) above”.

e. that the provisions of Section 3.1.1 of the Credit Agreement shall be
amended by deleting the reference to “(as provided on Exhibit A hereto)”
contained therein.

f. that the provisions of Section 3.3 of the Credit Agreement shall be deleted
in their entirety and in their place shall have been substituted the following:

“3.3 Commitment Block. Notwithstanding anything contained herein to the contrary,
for all purposes of this Agreement, (i) on and after August 12, 2010, that
portion, if any, of the Commitment of CPC in excess of $40,000,000 (the
“Unavailable CPC Commitment”) shall no longer be effective and shall not be
taken into account in determining CPC’s Pro-Rata Share hereunder, (ii) the Aggregate
Floorplan Loan Facility Limit shall be reduced to the extent of the Unavailable CPC
Commitment as applicable at any time, and (iii) CPC may at any time assign to an
Eligible Assignee all or any portion of the Unavailable CPC Commitment in accordance
with Section 14.4 hereunder, with the exception of Section 14.4.1.3 which shall not
apply with respect to assignments made pursuant to this Section 3.3, whereupon such
portion shall become effective as the Commitment of such Eligible Assignee and, to
the extent of such Eligible Assignee’s Commitment, the Unavailable CPC Commitment
shall be reduced and the Aggregate Floorplan Loan Facility Amount shall be
restored.”

 

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g. that the provisions of Section 4.5.5 of the Credit Agreement are hereby
amended by inserting the following sentence immediately following the final sentence
of such Section 4.5.5: “Each Lender shall promptly provide, upon reasonable
request from any Reseller or either Administrative Agent, any information that any
Reseller or either
Administrative Agent needs in order for any Reseller or either Administrative Agent
to determine the amount of any applicable withholding taxes, including information
relating to compliance with Sections 1471 or 1472 of the Code and any regulations
promulgated thereunder and any interpretation or other guidance issued in connection
therewith.”.

2. Amendment to JPMorgan Intercreditor Agreement. Subject to the satisfaction of the
conditions precedent set forth in Section 3 below, the Collateral Agent is hereby directed
and authorized to immediately enter into, on behalf of itself and the Holders of Secured
Obligations, an amendment to the JPMorgan Intercreditor Agreement in the form of Exhibit B
hereto.

3. Condition of Effectiveness. This Amendment shall be deemed to have become
effective as of the Second Amendment Effective Date, but such effectiveness shall be subject to the
conditions precedent that the Administrative Agents shall have received executed counterparts of
this Amendment duly executed and delivered by each Reseller and the Required Lenders.

4. Representation and Warranties. Each Reseller hereby represents and warrants that
(i) after giving effect to this Amendment, all of the representations and warranties of such
Reseller set forth in the Credit Agreement are true and correct in all material respects on and as
of the date hereof (except to the extent such representations or warranties specifically relate to
any earlier date, in which case such representations and warranties shall have been true and
correct in all material respects as of such earlier date) and (ii) after giving effect to this
Amendment, no Default has occurred or is continuing.

5. Effect on the Credit Agreement.

Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall
mean and be a reference to the Credit Agreement, as modified hereby.

6. GOVERNING LAW. THIS AMENDMENT 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 purpose.

8. Counterparts. This Amendment may be executed by one or more of the parties on any
number of separate counterparts and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. A facsimile copy or other electronic image scan
transmission of any signature hereto shall have the same effect as the original thereof.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written.

	 	 	 	 	 
	 	CALENCE, LLC, as a Reseller
 	 
	 	By:  	Insight Enterprises, Inc., its Manager
 	 
	 	 	 	 	 
	 	By:  	                                                  /s/ Helen Johnson
 	 
	 	 	Name:  	Helen Johnson 	 
	 	 	Title:  	Treasurer 	 

	 	 	 	 	 
	 	INSIGHT DIRECT USA, INC., as a Reseller

 	 
	 	By:  	/s/ Helen Johnson
 	 
	 	 	Name:  	Helen Johnson 	 
	 	 	Title:  	Treasurer 	 

	 	 	 	 	 
	 	INSIGHT PUBLIC SECTOR, INC., as a Reseller

 	 
	 	By:  	/s/ Helen Johnson
 	 
	 	 	Name:  	Helen Johnson 	 
	 	 	Title:  	Treasurer 	 

 

 

 

	 	 	 	 	 
	 	CASTLE PINES CAPITAL LLC,

as a Lender

 	 
	 	By:  	/s/ John Schmidt
 	 
	 	 	Name:  	John Schmidt 	 
	 	 	Title:  	Managing Partner 	 

 

 

 

	 	 	 	 	 
	 	WELLS FARGO CAPITAL FINANCE, LLC,

as a Lender

 	 
	 	By:  	/s/ John Hanley
 	 
	 	 	Name:  	John Hanley 	 
	 	 	Title:  	EVP 	 

 

 

 

	 	 	 	 	 
	 	DE LAGE LANDEN FINANCIAL SERVICES, INC.,
 as a
Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

 

	 	 	 	 	 
	 	IBM CREDIT LLC, as a Lender

 	 
	 	By:  	/s/ Steven A. Flanagan
 	 
	 	 	Name:  	Steven A. Flanagan 	 
	 	 	Title:  	Global Credit Officer 	 

 

 

 

	 	 	 	 	 
	 	COMPASS BANK, as a Lender

 	 
	 	By:  	/s/ Nancy Zezza
 	 
	 	 	Name:  	Nancy Zezza 	 
	 	 	Title:  	SVP 	 

 

 

 

	 	 	 	 	 
	 	MUTUAL OF OMAHA BANK, as a Lender

 	 
	 	By:  	/s/ Clint Arrowsmith
 	 
	 	 	Name:  	Clint Arrowsmith 	 
	 	 	Title:  	Senior Commercial Banker 	 

 

 

 

	 	 	 	 	 
	 	BANK OF ARIZONA, as a Lender

 	 
	 	By:  	/s/ Kevin R. Gillette
 	 
	 	 	Name:  	Kevin R. Gillette 	 
	 	 	Title:  	Senior Vice President 	 

 

 

 

EXECUTION COPY

EXHIBIT A

LENDERS’ FACILITIES AND PRO-RATA SHARES

	 	 	 	 	 	 	 	 	 
	 	 	FLOORPLAN LOAN	 	 	PRO-RATA	 
	LENDER	 	FACILITY	 	 	SHARES	 
	CPC
	 	$	75,000,000 	**	 	 	50	%**
	De Lage Landen Financial Services, Inc.
	 	$	25,000,000	 	 	 	16.667	%
	IBM Credit LLC
	 	$	25,000,000	 	 	 	16.667	%
	Compass Bank
	 	$	10,000,000	 	 	 	6.667	%
	Mutual of Omaha Bank
	 	$	10,000,000	 	 	 	6.667	%
	Bank of Arizona
	 	$	5,000,000	 	 	 	3.333	%
	Aggregates
	 	$	150,000,000	 	 	 	100	%

	 	 	 
	**	 	Subject to Section 3.3 of this Agreement.

 

 

 

EXECUTION COPY

EXHIBIT B

JPMorgan Intercreditor Agreement Amendment

 

 

 

AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT

This Amendment No. 1 to Intercreditor Agreement (this “Amendment”) is made as of
August 12, 2010, by and between JPMorgan Chase Bank, National Association, as Bank Agent (in such
capacity, the “Bank Agent”), and Wells Fargo Capital Finance, LLC (formerly known as Wells
Fargo Foothill, LLC,) as Floorplan Collateral Agent (in such capacity, the “Floorplan
Collateral Agent”). Capitalized terms used herein but not otherwise defined herein shall have
the meanings assigned to such terms in the Intercreditor Agreement (defined below).

RECITALS

A. The Bank Agent and the Floorplan Collateral Agent are parties to that certain Intercreditor
Agreement, dated as of September 17, 2008 (as amended, restated, supplemented or otherwise modified
from time to time, the “Intercreditor Agreement”), between the Bank Agent and the Floorplan
Collateral Agent and acknowledged by Insight Enterprises, Inc.

B. Pursuant to Section 8.3 of the Intercreditor Agreement, an amendment to the Intercreditor
Agreement requires an agreement in writing by the Bank Agent and the Floorplan Collateral Agent.

AGREEMENT

In consideration of the mutual promises herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:

1. Amendment. Subject to satisfaction of the condition precedent set forth in
Section 2 below, Section 5.3(c) of the Intercreditor Agreement is hereby amended
to: (a) delete therefrom the figure “$100,000,000” and to substitute therefor the following figure:
“$150,000,000”; and (b) delete therefrom the reference to “Section 5.3(b)” and to substitute
therefor the following: “Section 5.3(c)”..

2. Condition Precedent. This Amendment is subject to and shall become effective as of
the date when counterparts hereof are executed by each of the parties hereto.

3. No Amendment. Except to the extent specifically amended or modified hereby, the
provisions of the Intercreditor Agreement shall not be amended, modified, impaired or otherwise
affected hereby, and the Intercreditor Agreement is hereby ratified and confirmed in all respects
and shall remain in full force and effect, as amended hereby. Each reference in any Bank Loan
Document or Floorplan Loan Document to the Intercreditor Agreement shall (unless otherwise
specifically provided) mean the Intercreditor Agreement, as amended by this Amendment.

4. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAW OF THE STATE OF NEW YORK.

 

 

 

5. Counterparts. This Amendment may be executed in one or more counterparts, each of
which will be deemed an original and all of which together will constitute one and the same
document.

6. Severability. If any provision of this Amendment shall be deemed to be invalid,
void or illegal, such provision shall be construed and amended in a manner which would permit its
enforcement, but in no event shall such provision affect, impair or invalidate any other provision
hereof.

[Signature Pages Follow]

 

 

 

EXECUTION COPY

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Intercreditor
Agreement to be executed as of the date first written above.

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
 as
Bank Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

 

	 	 	 	 	 
	 	WELLS FARGO CAPITAL FINANCE, LLC 
(formerly known
as WELLS FARGO FOOTHILL, LLC), 
as Floorplan
Collateral Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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