Document:

Form of Indemnification Agreement.

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT is made and
entered into as of August     , 2011 (the “Agreement”), by and between Marshall Edwards, Inc., a Delaware corporation (the “Company,” which term shall include, where appropriate, any Entity (as hereinafter
defined) controlled directly or indirectly by the Company), and             (the “Indemnitee”). 
 WHEREAS, it is essential to the Company that it be able to retain and attract as directors the most capable persons available; 
 WHEREAS, increased corporate litigation has subjected directors to litigation risks and expenses, and the limitations on the availability of directors and officers liability insurance have made it
increasingly difficult for the Company to attract and retain such persons; 
 WHEREAS, the Company’s amended and restated
certificate of incorporation (the “Charter”) and by-laws (the “By-laws”) require the Company to indemnify its directors to the fullest extent permitted by law and permit it to make other indemnification arrangements and
agreements; 
 WHEREAS, the Company desires to provide Indemnitee with specific contractual assurance of Indemnitee’s
rights to full indemnification against litigation risks and expenses (regardless, among other things, of any amendment to or revocation of the Charter or the Bylaws or any change in the ownership of the Company or the composition of its Board of
Directors); and 
 WHEREAS, the Company intends that this Agreement provide Indemnitee with greater protection than that which
is provided by the Charter and By-laws and the Company’s acknowledgement and agreement to the foregoing is a material condition to Indemnitee’s willingness to serve on the Board. 

WHEREAS, Indemnitee is relying upon the rights afforded under this Agreement in serving as a director of the Company. 

NOW, THEREFORE, in consideration of the promises and the covenants contained herein, the Company and Indemnitee do hereby covenant and
agree as follows: 
 1. Definitions. 
 (a) “Corporate Status” describes the status of a person who is serving or has served (i) as a director of the Company, (ii) in any capacity with respect to any employee benefit plan of
the Company, or (iii) as a director, partner, trustee, officer, employee, or agent of any other Entity at the request of the Company. For purposes of subsection (iii) of this Section l(a), if Indemnitee is serving or has served as a
director, partner, trustee, officer, employee or agent of a Subsidiary, Indemnitee shall be deemed to be serving at the request of the Company. 
 (b) “Entity” shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal entity. 

 (c) “Expenses” shall mean all fees, costs and expenses incurred by Indemnitee in
connection with any Proceeding (as defined below), including, without limitation, attorneys’ fees, disbursements and retainers (including, without limitation, any such fees, disbursements and retainers incurred by Indemnitee pursuant to
Sections 11 and 12(c) of this Agreement), fees and disbursements of expert witnesses, private investigators and professional advisors (including, without limitation, accountants and investment bankers), court costs, transcript costs, fees of
experts, travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services, and other disbursements and expenses. 

(d) “Indemnifiable Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts” shall have the
meanings ascribed to those terms in Section 3(a) below. 
 (e) “Liabilities” shall mean judgments, damages,
liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement. 
 (f) “Proceeding” shall mean any
threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative, arbitrative or investigative,
whether formal or informal, including a proceeding initiated by Indemnitee pursuant to Section 11 of this Agreement to enforce Indemnitee’s rights hereunder. 
 (g) “Subsidiary” shall mean any corporation, partnership, limited liability company, joint venture, trust or other Entity of which the Company owns (either directly or through or together with
another Subsidiary of the Company) either (i) a general partner, managing member or other similar interest or (ii) (A) 50% or more of the voting power of the voting capital equity interests of such corporation, partnership, limited
liability company, joint venture or other Entity, or (B) 50% or more of the outstanding voting capital stock or other voting equity interests of such corporation, partnership, limited liability company, joint venture or other Entity.

 2. Services of Indemnitee. In consideration of the Company’s covenants and commitments hereunder, Indemnitee
agrees to serve or continue to serve as a director of the Company. However, this Agreement shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law
or by other agreements or commitments of the parties, if any. 
 3. Agreement to Indemnify. The Company agrees to
indemnify Indemnitee as follows: 
 (a) Proceedings Other Than By or In the Right of the Company. Subject to the
exceptions contained in Section 4(a) below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of Indemnitee’s Corporate Status,
Indemnitee shall be indemnified by the Company against all Expenses and Liabilities incurred or paid by Indemnitee in connection with such Proceeding (referred to herein as “Indemnifiable Expenses” and “Indemnifiable
Liabilities,” respectively, and collectively as “Indemnifiable Amounts”). 

  
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 (b) Proceedings By or In the Right of the Company. Subject to the exceptions
contained in Section 4(b) below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding by or in the right of the Company by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the
Company against all Indemnifiable Expenses. 
 (c) Conclusive Presumption Regarding Standard of Care. In making any
determination required to be made under Delaware law or other law with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under
this Agreement if Indemnitee submitted a request therefor in accordance with Section 5 of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity
of any determination contrary to that presumption. 
 4. Exceptions to Indemnification. Indemnitee shall be entitled to
indemnification under Sections 3 (a) and 3 (b) above in all circumstances other than with respect to any specific claim, issue or matter involved in the Proceeding out of which Indemnitee’s claim for indemnification has arisen, as
follows: 
 (a) Proceedings Other Than By or In the Right of the Company. If indemnification is requested under
Section 3(a) and it has been finally adjudicated by a court of competent jurisdiction that, in connection with such specific claim, issue or matter, Indemnitee failed to act (i) in good faith and (ii) in a manner Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal Proceeding, Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful, Indemnitee shall not be entitled to payment
of Indemnifiable Amounts hereunder. 
 (b) Proceedings By or In the Right of the Company. If indemnification is requested
under Section 3(b) and 
 (i) it has been finally adjudicated by a court of competent jurisdiction that, in connection
with such specific claim, issue or matter, Indemnitee failed to act (A) in good faith and (B) in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, Indemnitee shall not be entitled to
payment of Indemnifiable Expenses hereunder; or 
 (ii) it has been finally adjudicated by a court of competent jurisdiction
that Indemnitee is liable to the Company with respect to such specific claim, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to such claim, issue or matter unless a court of competent jurisdiction in
which such Proceeding was brought shall determine upon application that, despite the adjudication of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such Indemnifiable
Expenses which such court shall deem proper; or 
 (iii) it has been finally adjudicated by a court of competent jurisdiction
that Indemnitee is liable to the Company for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, the rules
and regulations promulgated thereunder and amendments thereto or similar provisions of any federal, state or local statutory law, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder. 

  
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 (c) Insurance Proceeds. To the extent payment is actually made to the Indemnitee
under a valid and collectible insurance policy in respect of Indemnifiable Amounts in connection with such specific claim, issue or matter, Indemnitee shall not be entitled to payment of Indemnifiable Amounts hereunder except in respect of any
excess beyond the amount of payment under such insurance. Notwithstanding anything herein to the contrary, Indemnitee shall not be required, nor shall any other person be required, to seek recovery under any director liability insurance policy
separately paid for by Indemnitee or on his behalf or otherwise, other than from the Company in reliance upon this Agreement. Notwithstanding anything herein to the contrary, Indemnitee shall not be required, nor shall any other person be required,
to seek recovery under any director liability insurance policy separately paid for by Indemnitee or on his behalf or otherwise, other than from the Company in reliance upon this Agreement. 

5. Procedure for Payment of Indemnifiable Amounts. Indemnitee shall submit to the Company a written request specifying the
Indemnifiable Amounts for which Indemnitee seeks payment under Section 3 of this Agreement and the basis for the claim. The Company shall pay such Indemnifiable Amounts to Indemnitee within sixty (60) calendar days of receipt of the
request. At the request of the Company, Indemnitee shall furnish such documentation and information as are reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder. 

6. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this
Agreement, and without limiting any such provision, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified
against all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than
all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For
purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, by reason of settlement, judgment, order or otherwise, shall be deemed to be a successful result as to such
claim, issue or matter. 
 7. Effect of Certain Resolutions. Neither the settlement or termination of any Proceeding nor
the failure of the Company to award indemnification or to determine that indemnification is payable shall create a presumption that Indemnitee is not entitled to indemnification hereunder. In addition, the termination of any proceeding by judgment,
order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company or, with respect to any criminal Proceeding, had reasonable cause to believe that Indemnitee’s action was unlawful. 

  
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 8. Agreement to Advance Expenses; Undertaking. The Company shall advance all Expenses
incurred by or on behalf of Indemnitee in connection with any Proceeding, including a Proceeding by or in the right of the Company, in which Indemnitee is involved by reason of such Indemnitee’s Corporate Status within ten (10) calendar
days after the receipt by the Company of a written statement from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. To the extent required by Delaware law, Indemnitee
hereby undertakes to repay any and all of the amount of Indemnifiable Expenses paid to Indemnitee if it is finally determined by a court of competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with respect
to such Expenses. This undertaking is an unlimited general obligation of Indemnitee. 
 9. Procedure for Advance Payment of
Expenses. Indemnitee shall submit to the Company a written request specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 8 of this Agreement, together with documentation evidencing that Indemnitee has
incurred such Indemnifiable Expenses. Payment of Indemnifiable Expenses under Section 8 shall be made no later than ten (10) calendar days after the Company’s receipt of such request. 

10. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

 11. Remedies of Indemnitee. 
 (a) Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under Sections 3 and 5 above or a request for an advancement of Indemnifiable Expenses
under Sections 8 and 9 above and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the court of competent jurisdiction to enforce the Company’s obligations
under this Agreement. 
 (b) Burden of Proof. In any judicial proceeding brought under Section 11(a) above, the
Company shall have the burden of proving that Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder. 
 (c)
Expenses. The Company agrees to reimburse Indemnitee in full for any Expenses incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or settling any action brought by Indemnitee under Section 11(a)
above, or in connection with any claim or counterclaim brought by the Company in connection therewith, whether or not Indemnitee is successful in whole or in part in connection with any such action. 

(d) Failure to Act Not a Defense. The failure of the Company (including its Board of Directors or any committee thereof,
independent legal counsel, or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under this Agreement shall not be a defense in any action brought
under Section 11(a) above, and shall not create a presumption that such payment or advancement is not permissible. 

  
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 12. Defense of the Underlying Proceeding. 

(a) Notice by Indemnitee. Indemnitee agrees to notify the Company promptly upon being served with any summons, citation, subpoena,
complaint, indictment, information, or other document relating to any Proceeding which may result in the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses hereunder; provided, however, that the failure to give any such
notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to receive payments of Indemnifiable Amounts or advancements of Indemnifiable Expenses unless the Company’s ability to defend in
such Proceeding is materially and adversely prejudiced thereby. 
 (b) Defense by Company. Subject to the provisions of
the last sentence of this Section 12(b) and of Section 12(c) below, the Company shall have the right to defend Indemnitee in any Proceeding which may give rise to the payment of Indemnifiable Amounts hereunder; provided, however that the
Company shall notify Indemnitee of any such decision to defend within ten (10) calendar days of receipt of notice of any such Proceeding under Section 12(a) above. The Company shall not, without the prior written consent of Indemnitee,
consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) includes an admission of fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full release of
Indemnitee from all liability in respect of such Proceeding, which release shall be in form and substance reasonably satisfactory to Indemnitee. This Section 12(b) shall not apply to a Proceeding brought by Indemnitee under Section 11(a)
above or pursuant to Section 20 below. 
 (c) Indemnitee’s Right to Counsel. Notwithstanding the provisions of
Section 12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect
to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to
assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails to comply with any of its
obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from Indemnitee the benefits
intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter. 

  
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 13. Representations and Warranties of the Company. The Company hereby represents and
warrants to Indemnitee as follows: 
 (a) Authority. The Company has all necessary power and authority to enter into, and
be bound by the terms of, this Agreement, and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Company. 

(b) Enforceability. This Agreement, when executed and delivered by the Company in accordance with the provisions hereof, shall be
a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws
affecting the enforcement of creditors’ rights generally. 
 14. Insurance. The Company shall, from time to time,
make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with a reputable insurance company providing the Indemnitee with coverage for losses from wrongful acts, and
to ensure the Company’s performance of its indemnification obligations under this Agreement. In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same
rights and benefits as are accorded to the most favorably insured of the Company’s officers and directors. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in
good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, or if the coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit. The Company shall promptly notify Indemnitee of any good faith determination not to provide such coverage. 
 15. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and advancement of Indemnifiable Expenses provided by this Agreement shall be in addition to, but not exclusive of,
any other rights which Indemnitee may have at any time under applicable law, the Charter, the By-Laws or any other agreement, vote of stockholders or directors (or a committee of directors), or otherwise, both as to action in Indemnitee’s
official capacity and as to action in any other capacity as a result of Indemnitee’s serving as a director of the Company. 

16. Successors. This Agreement shall be (a) binding upon all successors and assigns of the Company (including any transferee
of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law) and (b) binding on and shall inure to the benefit of the
heirs, personal representatives, executors and administrators of Indemnitee. This Agreement shall continue for the benefit of Indemnitee and such heirs, personal representatives, executors and administrators after Indemnitee has ceased to have
Corporate Status. 
 17. Change in Law. To the extent that a change in Delaware law (whether by statute or judicial
decision) shall permit broader indemnification or advancement of expenses than is provided under the terms of this Agreement, Indemnitee shall be entitled to such broader indemnification and advancements, and this Agreement shall be deemed to be
amended to such extent. 

  
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 18. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or unenforceable, in whole
or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make such ‘provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this Agreement
shall remain fully enforceable and binding on the parties. 
 19. Indemnitee as Plaintiff. Except as provided in
Section 10(c) of this Agreement and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by Indemnitee against the Company,
any Entity which it controls, any director or officer thereof, or any third party, unless the Board of Directors of the Company has consented to the initiation of such Proceeding. This Section shall not apply to counterclaims or affirmative defenses
asserted by Indemnitee in an action brought against Indemnitee. 
 20. Modifications and Waiver. Except as provided in
Section 17 above with respect to changes in Delaware law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of
the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver.

 21. General Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall
be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the
date on which it is so mailed: 
  

	 	(i)	If to Indemnitee, to the address set forth below Indemnitee’s signature to this Agreement. 

 

	 	(ii)	If to the Company, to: 

 Marshall Edwards, Inc. 
 11975 El Camino Real, Suite 101

 San Diego, CA 92130 
 or to such other address as may have been furnished in the same manner by any party to the others. 
 22. Governing Law; Consent to Jurisdiction; Service of Process. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to its rules of
conflict of laws. Each of the Company and the Indemnitee hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the state and federal courts of the State of Delaware (the “Delaware Courts”) for any
litigation arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to 

  
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commence any litigation relating thereto except in such courts), waives any objection to the laying of venue of any such litigation in the Delaware Court and agrees not to plead or claim in any
Delaware Court that such litigation brought therein has been brought in an inconvenient forum. Each of the parties hereto agrees, (a) to the extent such party is not otherwise subject to service of process in the State of Delaware, to appoint
and maintain an agent in the State of Delaware as such party’s agent for acceptance of legal process, and (b) that service of process may also be made on such party by prepaid certified mail with a proof of mailing receipt validated by the
United States Postal Service constituting evidence of valid service. Service made pursuant to ( a) or (b) above shall have the same legal force and effect as if served upon such party personally within the State of Delaware. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and
year first above written. 
  

			
	MARSHALL EDWARDS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	INDEMNITEE:
	
	  

	[Name]

			
		
	        Address:Amended and Restated Employment Agreement

 Exhibit 10.18 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (“Agreement”) between ScanSource, Inc., a South Carolina corporation (“Company”), and Michael L. Baur (“Executive”) (collectively “the Parties”) is effective as of June 6, 2011
(“Effective Date”) as an amendment and restatement of the Amended and Restated Employment Agreement between the Company and Executive effective as of June 30, 2008 (the “Existing Agreement”), which amends and restates an
Employment Agreement originally dated as of October 13, 2005, between the Company and the Executive. 
 The
Company desires to continue to employ Executive as Chief Executive Officer, and Executive is willing to continue to serve in such capacity, and the parties desire to document the terms and conditions of such employment as stated in this Agreement.

 In consideration of the foregoing and of the mutual commitments below, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 1.
    Employment. On the Effective Date, Executive will be employed in the capacity stated above with such commensurate responsibilities as are assigned to him by the Company’s Board of Directors (the
“Board”). 
 2.     Employment Period.

(a) Unless earlier terminated in accordance with Section 5, Executive’s employment will be for
a term (the “Employment Period”), beginning on the Effective Date and ending on June 30, 2014, the Employment Period End Date. Provided, however, that if a Change in Control, as defined in Exhibit C hereto, occurs during
the Employment Period, the ending date of the Employment Period will be extended so that it expires on the later of the Employment Period End Date or the first anniversary of the date on which the Change in Control initially occurred. 

(b) If the Company does not renew the Agreement, or enter into a new employment agreement with Executive
with the same or similar terms as the Agreement, as of the Employment Period End Date, the Executive may choose one of the following two options: (i) the Executive will voluntarily resign from employment with the Company as of the Employment
Period End Date and the Company will pay to Executive, on the 30th day after the Employment Period End Date, an amount equal to one (1) times the highest combined annual Base Salary and Variable Compensation earned by Executive from the Company, including any such
amounts earned but deferred, in the last three (3) fiscal years before the Employment Period End Date, less normal withholdings; or (ii) the Executive may elect to continue employment with the Company on an at-will basis and,
for a maximum of one year following the Employment Period End Date, receive the same salary and incentive compensation opportunity as in effect in the last year of the Agreement. 

 The Parties agree and acknowledge that: (i) nothing in this
Section 2(b) nor any action the Company may take pursuant to this Section 2(b) will give rise to a claim by Executive for termination without Cause, termination for Good Reason, or termination due to the Executive’s Retirement or the
normal expiration of the Executive’s Employment Period or for Severance Benefits or any amounts or benefits other than those specifically enumerated in this Section 2(b); (ii) Executive will not be entitled to receive any amounts or
benefits under this Section 2(b) if Executive is otherwise entitled to receive or receives benefits under Section 6 of this Agreement; and (iii) Executive must execute and provide to the Company a Release, and the period for revoking
same must have expired, before the 30th day following the
Employment Period End Date in order to receive any amounts or benefits under this Section 2(b). Nothing in this Section 2(b) will prohibit Executive’s employment from being terminated for Cause or for any other event enumerated in
this Agreement. 
 3.     Extent of Service. During the Employment Period, and
excluding any periods of vacation and sick leave to which Executive is entitled, Executive agrees to devote his business time, attention, skill and efforts exclusively to the faithful performance of his duties hereunder. Provided, however,
that it shall not be a violation of this Agreement for Executive to (i) devote reasonable periods of time to charitable and community activities and, with the approval of the Company, industry or professional activities, and/or (ii) manage
personal business interests and investments, so long as these activities do not interfere with the performance of Executive’s responsibilities under this Agreement. 

4.     Compensation and Benefits. 

(a) Base Salary. During the Employment Period, the Company will pay to Executive a base
salary at the rate specified on Exhibit A (the “Base Salary”), less normal withholdings, payable in equal monthly or more frequent installments as are customary under the Company’s payroll practices from time to
time. The Compensation Committee of the Board (the “Committee”) will review the Executive’s Base Salary annually and in their sole discretion may increase (but not decrease) Executive’s Base Salary from year to
year. The target amounts of such increases, if any, will be between 5% to 10% of Executive’s then-current Base Salary. This annual review of Executive’s Base Salary will consider, among other things, Executive’s performance and
the Company’s performance. If Executive becomes eligible during the Employment Period to receive benefits under the Company’s short-term disability policy, the Company will continue to pay Executive’s Base Salary; provided,
however, that Executive’s Base Salary during such period will be reduced by any amounts Executive receives under the short-term disability policy. 

(b) Incentive Compensation, Savings and Retirement Plans. During the Employment Period,
Executive will be entitled to participate in all deferred compensation, savings and retirement plans, practices, policies and programs applicable to staff officers of the Company (the “Peer Executives”) pursuant to their terms. The
Executive will also be eligible to receive certain incentive compensation (the “Incentive Compensation”) based on financial and/or performance criteria established periodically by the Committee, as specified on Exhibit A. The Committee, at
its discretion, may award to Executive additional bonuses or other amounts as it deems necessary or deserving based on Executive’s performance. The Committee, at its discretion, may consider a retirement program such as a Founders’ SERP or
similar retention and retirement vehicle in the future. 

  
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 (c) Welfare Benefit Plans. During the Employment
Period, Executive and Executive’s eligible dependents may participate pursuant to their terms in the welfare benefit plans, practices, policies and programs provided by the Company which may include, medical, prescription, dental, disability,
employee life, group life, accidental death and travel accident insurance plans and programs) (the “Welfare Plans”) to the extent applicable to Peer Executives. Contributions will be required by the Executive. The Company may, in its
sole discretion, modify, change, or eliminate its Welfare Plans. 
 (d)
Expenses. During the Employment Period, Executive will be entitled to receive reimbursement for all reasonable expenses incurred by Executive in accordance with the policies, practices and procedures of the Company to the extent
applicable to Peer Executives, and such reimbursements will be made no later than the last day of the year immediately following the year in which Executive incurs the reimbursable expense. The amount of reimbursable expenses incurred in one taxable
year shall not affect the expenses eligible for reimbursement in any other taxable year. No right to reimbursement is subject to liquidation or exchange for other benefits. 

(e) Fringe Benefits. During the Employment Period, Executive will be entitled to fringe
benefits in accordance with the plans, practices, programs and policies of the Company in effect for Peer Executives. In lieu of reimbursing Executive for expenditures on perquisites and similar items, the Company will also pay to Executive
Fifty Thousand Dollars ($50,000), less normal withholdings, in a single lump sum each July during the Employment Period. Executive will not be required to account for any such expenditures or return any of the payments to the extent Executive’s
expenditures are less than such amount, and Executive will not have any right to be reimbursed for any perquisites or other such items. 
 (f) Vacation. During each fiscal year during the Employment Period, Executive will be entitled to the number of days of paid vacation specified on Exhibit A. Executive may take vacation
at the times Executive reasonably requests, subject to the prior approval of the person specified on Exhibit A. Unused vacation time will not carry over to the next fiscal year and will not be paid upon termination of employment. 

(g) Clawback. To the extent required by law or Company policy, plan or agreement (as each may be
in effect from time to time), Company may require Executive to repay to Company any bonus or other incentive-based or equity-based compensation paid to Executive. 

5. Termination of Employment. 

(a) Death, Retirement or Disability. Executive’s employment terminates automatically
upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means normal retirement as defined in the Company’s retirement plan in effect when Executive retires, or if
there is no retirement plan, “Retirement” will mean the Executive’s voluntary termination of employment after age 55 with ten years of 

  
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service. If the Company determines that the Executive has become disabled during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive
written notice of its intention to terminate Executive’s employment. Executive’s employment with the Company will terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective
Date”), unless, within the 30 days after such receipt, Executive has returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” means (i) Executive is unable to engage in any
substantial gainful activity due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for at least twelve (12) months or (ii) Executive is, due to any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for at least twelve (12) months, receiving income replacement benefits for at least three (3) months under an accident and health
plan covering employees of Executive’s employer. Executive will also be deemed disabled under this Agreement if he is determined to be totally disabled by the United States Social Security Administration. Executive will also be deemed disabled
under this Agreement if determined to be disabled under the Company’s long-term disability plan, if any, provided the definition of disability under such plan complies with the foregoing definition of disability. At the request of
Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred will be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. If
the two physicians are unwilling to certify that the Executive is disabled, Executive’s termination will be deemed a termination by the Company without Cause and not a termination because of his Disability. 

(b) Termination by the Company. The Company may terminate Executive’s employment during
the Employment Period with or without Cause. For purposes of this Agreement, “Cause” means: 
 (i) Engaging in unethical or illegal conduct or misconduct that includes but is not limited to violations of the Company’s policies concerning employee conduct; or 

(ii) The Executive’s breach of any term of this Agreement. 

(c) Termination by Executive. Executive’s employment may be terminated by Executive for
Good Reason or no reason. For purposes of this Agreement, “Good Reason” means: 

(i) without the consent of Executive, the assignment to Executive of any duties materially inconsistent
for a chief executive officer, excluding an isolated, insubstantial, and inadvertent action taken in good faith which is remedied by the Company promptly after receipt of notice from Executive; 

(ii) a reduction by the Company in Executive’s Base Salary or a material reduction in
Executive’s Incentive Compensation opportunity; 
 (iii) the failure by the Company
(a) to continue in effect any compensation plan in which Executive participates as of the Effective Date that is material to Executive’s total base compensation, unless the Company provides a substantially equivalent alternative plan, or
(b) to continue Executive’s participation in the alternative plan on a basis that is substantially equivalent in terms of the value of benefits provided; 

  
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 (iv) the Company’s requiring Executive, without his
consent, to be based at any location that increases Executive’s normal work commute by fifty (50) miles or more as compared to Executive’s normal work commute or otherwise is a material change in the location at which Executive is
based; 
 (v) any failure by the Company to comply with and satisfy Section 12(c) of this
Agreement; 
 (vi) the material breach of this Agreement by the Company; or 

(vii) the termination of employment by the Executive during the 60-day period beginning on the six-month
anniversary of a Change in Control, if the Company or a successor entity has not offered the Executive a new employment agreement after or in contemplation of a Change in Control with the same or better compensation and terms and conditions of
employment as are stated in this Agreement. 
 Executive must provide written notice to the Company of Executive’s intent
to terminate employment for Good Reason within 30 days of the initial existence of the Good Reason. The Company will have an opportunity to cure any claimed event of Good Reason within 30 days of notice from Executive. The Board’s good faith
determination of cure will be binding. The Company will notify Executive in writing of the timely cure of any claimed event of Good Reason and how the cure was made. Any Notice of Termination delivered by Executive based on a claimed Good
Reason which was thereafter cured by the Company will be deemed withdrawn and ineffective to terminate this Agreement. If the Company fails to cure any claimed event of Good Reason within 30 days of notice from Executive, Executive must terminate
employment for such claim of Good Reason within 180 days of the initial existence of the Good Reason, and if Executive fails to do so, such claimed event of Good Reason will be deemed withdrawn and ineffective to terminate this Agreement.

 (d) Notice of Termination. Any termination of Executive’s employment by the
Company or by Executive must be communicated by Notice of Termination to the other Party in accordance with Section 14(f) of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which
(i) states the specific termination provision in this Agreement relied upon, including whether such termination is for Cause or Good Reason, (ii) if such termination is for Cause or Good Reason, sets forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of Executive’s employment under the provisions so indicated, and (iii) specifies the termination date. The failure by Executive or the Company to set forth in the Notice of
Termination any fact or circumstance which contributes to a showing of Good Reason or Cause will not waive any right of Executive or the Company, or preclude Executive or the Company from asserting applicable facts or circumstances in enforcing
rights under this Agreement. 
 (e) Date of Termination. The “Date of
Termination” means the date specified in the Notice of Termination or, if Executive’s employment is terminated by reason of death, Retirement or Disability, the date of death or Retirement or the Disability Effective Date. 

6. Obligations of the Company upon Termination. 

(a) Termination by Executive for Good Reason; Termination by the Company Other Than for Cause, Death,
Disability, Retirement, or Normal Expiration of Employment Period. If, during the Employment Period: (i) the Company terminates Executive’s 

  
 5 

 
employment other than for Cause, death, Disability, or Retirement, or (ii) Executive terminates employment for Good Reason following the Company’s failure to cure such Good Reason as
set forth in Section 5(c) of this Agreement, the Company will pay Executive the following amounts and provide the following benefits: 
 (i) the sum of Executive’s Base Salary earned through the Date of Termination to the extent not already paid (such amount is hereinafter referred to as the “Accrued Obligations”) will be
paid as soon as practicable after the Date of Termination per the Company’s customary payroll practices; and 
 (ii) to the extent not previously paid or provided and only if earned as of the Date of Termination, the Company will timely pay or provide to Executive any other amounts or benefits which Executive is
eligible to receive under any plan, program, policy, practice, contract or agreement of the Company (the “Other Benefits”) pursuant to the terms of such Other Benefits; and 

(iii) subject to Section 14(i) of this Agreement and Executive’s execution of a Release in
substantially the form of Exhibit B hereto (the “Release”) within the time set forth in Section 6(g) of this Agreement, the Company will pay to Executive the amount in (A) on the 30th day after the Date of Termination, pay the amount in (B) as set
forth below, and provide the benefits in (C): 
 (A) the amount equal to the greater of
(a) two or (b) the number of full months remaining between the Date of Termination and the Employment Period End Date, divided by 12, times the highest combined annual Base Salary and Incentive Compensation earned by Executive from the
Company, including any such amounts earned but deferred, in the last three fiscal years before the Date of Termination, less normal withholdings, and an additional amount (the “Retention Benefit”) equal to one-twelfth (1/12) times the
highest combined annual Base Salary and Variable Compensation earned by Executive from the Company, including any such amounts earned but deferred, in the last three fiscal years before the Date of Termination, less normal withholdings, times the
number of full years beyond ten (10) years that the Executive was consecutively employed by the Company prior to the Date of Termination, less normal withholdings (collectively the “Severance Benefits”); provided,
however, that the maximum amount that Executive may receive under this Section 6(a)(iii)(A) is three (3) times the highest combined annual Base Salary and Variable Compensation earned by Executive from the Company, including any
such amounts earned but deferred, in the last three fiscal years before the Date of Termination. Notwithstanding the foregoing, if the Date of Termination occurs within 12 months after or otherwise in contemplation of a Change in Control, as defined
in Exhibit C, Executive will receive Severance Benefits in an amount equal to three times the highest combined annual Base Salary and Incentive Compensation earned by Executive from the Company, including any such amounts earned but deferred,
in the last three fiscal years before the Date of Termination, less normal withholdings, but no Retention Benefit. Executive’s entitlement to receive and retain the amounts set forth in this Section 6 are conditioned on Executive’s
compliance with the Restrictions on Conduct described in Section 11. With respect to any amounts due Executive under this 

  
 6 

 
Section 6(a)(iii)(A), Executive may elect to receive such amounts in a single lump sum or in bi-weekly installments pursuant to the Company’s normal payroll cycle during the term of the
24-month period referenced in Sections 11(c)(i) through 11(c)(vi); 
 (B) a bonus equal to the
pro rata portion (based on the number of days elapsed in the current fiscal year through the Date of Termination) of the current fiscal year annual incentive compensation, if any, that would otherwise be payable if the Executive had continued
employment through the end of the current fiscal year, based on actual performance (the “Pro Rata Bonus”). The Pro Rata Bonus, if any, less normal withholdings will be paid within 30 days of the Committee’s certification that the
Executive has met the necessary performance criteria, which will be no later than the later of March 15 following the end of the calendar year in which Executive’s right to the bonus vests or the 15th day of the third month following the end of the Company’s
fiscal year in which Executive’s right to the bonus vests. 
 (C) for the period of time
following the Date of Termination indicated on Exhibit A (the “Health Benefits Continuation Period”), the Company will provide to Executive and/or Executive’s eligible dependents on a monthly basis continued coverage under its group
health benefit plans to which Executive and/or Executive’s eligible dependents would otherwise be entitled to continue under COBRA; provided, however, that such Health Benefits Continuation Period will run concurrently with any period during
which Executive is eligible to elect health coverage under COBRA, and for all months after the initial 18 months of the Health Benefits Continuation Period, the applicable Company-subsidized monthly COBRA premium for such group health benefits,
determined in accordance with Code Section 4980B and its regulations, will be treated as taxable compensation to Executive by including such amount in Executive’s or Executive’s designee’s income for each month such coverage is
provided. No cash payments or other reimbursements will be made in lieu of such continuation coverage during the Health Benefits Continuation Period. 

(b) Death. If Executive’s employment is terminated because of Executive’s death during
the Employment Period, this Agreement will terminate without further obligations to Executive’s legal representatives under this Agreement, other than (i) the payment of Accrued Obligations as described in Section 6(a)(i),
(ii) the payment of the Pro Rata Bonus as described in Section 6(a)(iii)(B), (iii) the provision of Post-Termination Medical Benefits to Executive’s surviving spouse until the end of the month during which Executive would have
reached age 65, and to each of Executive’s children who remain a tax dependent of Executive’s surviving spouse until the earlier of such child’s attaining age 21, the child ceasing to be a tax dependent of the surviving spouse, or the
child becoming eligible to receive medical benefits under another employer provided plan, as described in Section 6(a)(iii)(C), and (iv) the timely payment or provision of Other Benefits as described in Section 6(a)(ii) of this
Agreement. The Accrued Obligations and the Pro Rata Bonus will be paid to Executive’s estate or beneficiary, as applicable. Other Benefits as used in this Section 6(b) will include, without limitation, and Executive’s estate and/or
beneficiaries will be entitled to receive, benefits under such plans, programs, practices and policies relating to death benefits, if any, as are applicable to Executive on the date of his death pursuant to the terms of such Other Benefits.

  
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 (c) Disability. If Executive’s employment
is terminated because of Executive’s Disability during the Employment Period, this Agreement will terminate without further obligations to Executive, other than for (i) the payment of Accrued Obligations as described in
Section 6(a)(i), (ii) the payment of the Pro Rata Bonus as described in Section 6(a)(iii)(B), (iii) the provision of Post-Termination Medical Benefits as described in Section 6(a)(iii)(C) of this Agreement, (iv) the
timely payment or provision of Other Benefits as described in Section 6(a)(ii), and (v) the payment for the period, if any, following such termination during which Executive continues to receive benefits under the Company’s short-term
disability policy, of Executive’s Base Salary payable in equal monthly or more frequent installments per the Company’s payroll procedures from time to time; provided, however, that Executive’s Base Salary during such period will be
reduced by any amounts Executive receives under the Company’s short-term disability policy. In addition, if Executive’s employment is terminated by reason of Executive’s Disability during the Employment Period, Executive will receive
an annual payment of $60,000, less normal withholdings, until Executive is no longer considered to be Disabled or until Executive attains age 65, whichever is earlier, with the first annual installment payable on the 30th day after the Date of Termination due to Executive’s Disability
and each subsequent installment due on the annual anniversary of the Date of Termination provided that Executive is still considered to be Disabled or has not attained age 65, whichever is earlier, by the time scheduled for such payment. Such
benefit may be funded, at the election of the Company, through an underwritten individual long-term disability policy for the benefit of Executive or by the Company directly. The term Other Benefits as used in this Section 6(c) includes,
without limitation, and Executive will be entitled after the Disability Effective Date to receive, disability and other benefits under such plans, programs, practices and policies relating to disability, if any, as are applicable to Executive and
his family on the Date of Termination pursuant to the terms of such Other Benefits. 
 (d)
Retirement. If Executive’s employment is terminated because of Executive’s Retirement during the Employment Period, this Agreement will terminate without further obligations to Executive, other than for (i) the payment of
Accrued Obligations as described in Section 6(a)(i), (ii) the payment of the Pro Rata Bonus as described in Section 6(a)(iii)(B), (iii) the continuation of Post-Termination Medical Benefits as described in
Section 6(a)(iii)(C), and (iv) the timely payment or provision of Other Benefits as described in Section 6(a)(ii). Accrued Obligations will be paid to Executive in a lump sum in cash within 30 days of the Date of Termination
unless a longer period is required for calculation as set forth in Section 6(a)(iii). The term Other Benefits as used in this Section 6(d) includes, without limitation, and Executive will be entitled after the Date of Termination to
receive, retirement and other benefits under such plans, programs, practices and policies relating to retirement, if any, as applicable to Executive on the Date of Termination pursuant to the terms of such Other Benefits. 

(e) Cause or Voluntary Termination without Good Reason. If Executive’s employment is
terminated for Cause during the Employment Period, or if Executive voluntarily terminates employment during the Employment Period without Good Reason, this Agreement will terminate without further obligations to Executive, other than for
(i) the payment of Accrued Obligations as described in Section 6(a)(i), and (ii) the timely payment or provision of Other Benefits as described in Section 6(a)(ii). 

  
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 (f) Normal Expiration of Employment Period. If
Executive’s employment is terminated due to the normal expiration of the Employment Period or is terminated within 60 days after the Employment Period End Date (for reasons other than Cause, death, Disability or Retirement), this Agreement will
terminate without further obligations to Executive, other than for (i) the payment of Accrued Obligations as described in Section 6(a)(i), (ii) the payment of the Pro Rata Bonus as described in Section 6(a)(iii)(B),
(iii) the payment of the Severance Benefits (subject to the Executive’s execution of the Release) as described in Section 6(a)(iii)(A), the provision of Post-Termination Medical Benefits as described in Section 6(a)(iii)(B), and
(v) the timely payment or provision of Other Benefits as described in Section 6(a)(ii). Notwithstanding anything to the contrary in this Agreement, if the Agreement will not be renewed and a new employment agreement is not offered and
the Executive remains an employee of the Company in any capacity, Executive’s employment will not be governed by this Agreement and Executive will be an at-will employee. In that instance, Executive remains subject to the Restrictions on
Conduct described in Section 11. 
 (g) Execution of Release. Notwithstanding
anything to the contrary in this Section 6, the Release must be executed and provided to the Company, and the period for revoking same must have expired, before the 30th day following the Date of Termination. 

7. Non-exclusivity of Rights. Nothing in this Agreement prevents or limits Executive’s continuing or
future participation in any plan, program, policy or practice provided by the Company and for which Executive may qualify, nor, subject to Section 14(d), will anything in this Agreement limit or otherwise affect any rights Executive may have
under any contract or agreement with the Company. Amounts which are vested benefits or which Executive is otherwise entitled to receive under any plan, policy, practice, program, contract or agreement with the Company at or subsequent to the
Date of Termination will be payable in accordance with such plan, policy, practice, program, contract or agreement except as explicitly modified by this Agreement. 

8. Mandatory Reduction of Payments in Certain Events. Any payments made to Executive under this Agreement will be
made with the Executive’s best interests in mind related to the excise tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”). 

(a) Anything in this Agreement to the contrary notwithstanding, if it is determined that any benefit,
payment or distribution by the Company to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (a “Payment”) would be subject to the Excise Tax,
then, before making the Payment to Executive, a calculation will be made comparing (i) the net benefit to Executive of all Payments after payment of the Excise Tax, to (ii) the net benefit to Executive if the Payment had been limited to
the extent necessary to avoid being subject to the Excise Tax. If the amount calculated under (i) above is less than the amount calculated under (ii) above, then the Payments will be limited to the extent necessary to avoid being
subject to the Excise Tax (the “Reduced Amount”). In that event, Executive will direct which Payments are to be reduced and any such reduction will be made so as not to violate Code Section 409A. 

  
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 (b) The determination of whether an Excise Tax would be
imposed, the amount of such Excise Tax, and the calculation of the amounts referred to in Section 8(a)(i) and (ii) above will be made by the Company’s regular independent accounting firm at the expense of the Company or, at the
election and expense of Executive, another nationally recognized independent accounting firm (the “Accounting Firm”) which will provide detailed supporting calculations. Any determination by the Accounting Firm will be binding upon
the Company and Executive. As a result of the uncertainty in the application of Code Section 4999 at the time of the initial determination by the Accounting Firm hereunder, it is possible that Payments to which Executive was entitled, but
did not receive pursuant to Section 8(a), could have been made without the imposition of the Excise Tax (an “Underpayment”). In such event, the Accounting Firm will determine the amount of the Underpayment that has occurred and
any such Underpayment will be promptly paid by the Company to or for the benefit of Executive. 

(c) If the provisions of Code Section 280G and 4999 or any successor provisions are repealed without
succession, this Section 8 will be of no further force or effect. 
 9. Costs of
Enforcement. Subject to Section 8(b), each Party will pay its own costs and expenses incurred in enforcing or establishing its rights under this Agreement, including, without limitation, attorneys’ fees, whether a suit is brought
or not, and whether or not incurred in trial, bankruptcy, or appellate proceedings. 
 10. Representations
and Warranties. Executive represents and warrants to the Company that Executive is not a party to, or otherwise subject to, any restrictive covenant not to compete, not to solicit or not to disclose or use confidential information, with any
person or entity, and Executive’s execution of this Agreement and performance of his obligations will not violate the terms or conditions of any contract or obligation, written or oral, between Executive and any other person or entity.

 11. Restrictions on Conduct of Executive. 

(a) General. Executive agrees that as part of the services he will perform for the Company he will
be exposed to, and help create and maintain, competitive advantages over other “Competitive Businesses,” as well as good will with the Company’s customers and suppliers. By virtue of the position Executive will hold, Executive is
receiving, will receive, or will be provided access to the Company’s: (1) customers, suppliers, advertisers, and vendors as well as pricing information, distribution channels, and other terms of those relationships;
(2) “Confidential Information” and “Trade Secrets;” (3) the relationships and other elements that together comprise good will; and/or (4) institutional knowledge regarding product development, its engineering,
product specification, material suppliers, material specifications, product suppliers, manufacturing knowledge, customer feedback, surveys, design-around information, research and development information, internal quality control tests, other
quality control information, and other similar information. Executive agrees that the competitive advantage and good will the Company has created, and which Executive will assist in furthering and maintaining, is an important and legitimate business
asset of the Company. Should Executive compete against the Company, having intimate knowledge of the information that gives the Company its competitive advantage and good will would give Executive, or those “Competitive Businesses” he is
assisting, an unfair advantage over the Company. 

  
 10 

 (b) Definitions. The following capitalized terms used
in this Section 11 will have the meanings assigned to them below, which definitions will apply to both the singular and the plural forms of these terms: 
 “Competitive Business” – means any entity that distributes any goods or services in or to the point of sale, automatic identification, data capture, security, business telephony,
communication products and peripherals markets if such entity distributes any product that is the same or similar to any good or service offered by the Company, including reasonable alternatives, within the final two (2) years of
Executive’s employment with the Company. Executive agrees that Competitive Businesses include, but are not limited to, the following entities: Ingram Micro, Tech Data, Avnet, BlueStar, Westcon, Voda One, Arrow, Agilysis, Azerty, PC POS,
Jarltech, Jenne, Securematics, Synnex, Alliance (NEI), NETXUSA, ADI, Tri-Northern Security Distribution, and Anixter. Regarding Competitive Businesses that have distinct business units or divisions that are not competitive with the Company, the
Company may make exceptions by consent of the Board that allow Executive to work for such non-competitive business units or divisions during the “Restricted Period”. 

“Confidential Information” means any and all information of the Company that has value and is not
generally known to the Company’s competitors. This includes, but is not limited to, any information or documents about: the Company’s accounting practices; financial data; financial plans and practices; the Company’s operations; its
future plans (including new products, improved products, and products under development); its methods of doing business; internal forms, checklists, or quality assurance testing; programs; customer and supplier lists or other such related
information as pricing or terms of business dealings; supply chains; shipping chains and prices; packaging technology or pricing; sourcing information for components, materials, supplies, and other goods; employees; pay scales; bonus structures;
contractor information and lists; marketing strategies and information; product plans; distribution plans and distribution channel relationships; business plans; manufacturing, operation, sales and distribution processes; costs; margins for
products; prices, sales, orders and quotes for the Company’s business that is not readily attainable by the general public; existing and future services; testing information (including methods and results) related to materials used in the
development of the Company’s products or materials that could be used with the Company’s products; development information (including methods and results) related to computer programs that design or test products or that track information
from a central database; and the computer or electronic passwords of all employees and/or firewalls of the Company. Notwithstanding the definitions stated above, the term Confidential Information does not include any information which (i) at
the time of disclosure to Executive, was in the public domain; (ii) after disclosure to Executive, is published or otherwise becomes part of the public domain through no fault of Executive; (iii) without a breach of duty owed to the
Company, was already in Executive’s possession at the time of disclosure; (iv) was received after disclosure to Executive from a third party who had a lawful right to the information other than through a relationship of trust and
confidence with the Company, and without a breach of duty to the Company, disclosed the information to Executive; or (v) where Executive can show it was independently developed by Executive on non-Company time without reference to, or reliance
upon, other Confidential Information or Trade Secrets. 

  
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 “Prohibited Duties” means supervising, consulting,
advising, coaching, providing any information related to, or directly or indirectly performing any task for a Competitive Business that is similar or related to one or more duties Executive performed or supervised for the Company. Prohibited duties
include owning greater than 10% of any Competitive Business. Prohibited duties includes supervising, consulting, advising, coaching, providing any information related to, or directly or indirectly performing any task for any material, product or
service provider of any Competitive Business, if Executive’s work for such material, product or service provider is associated with a Competitive Business. 

“Restricted Territory” means any place where the Company or its affiliates is (or is attempting to)
actively manufacturing, marketing, selling, or distributing its products within the final two (2) years of Executive’s employment, or places where the Company made affirmative steps to market or sell its products within the final six
(6) months of Executive’s employment. If Executive was assigned only a portion of the territory in which the Company operates or sells, then the Restricted Territory shall be narrowly construed to include only the limited territory of the
Executive. 
 “Trade Secrets” means information related to the business or services of the
Company which (1) derives independent actual or potential commercial value from not being generally known or readily ascertainable through independent development or reasonable reverse engineering processes by persons who can obtain economic
value from its disclosure or use; and (2) is the subject of efforts by the Company and affiliated third parties that are reasonable under the circumstances to maintain its secrecy. Assuming the foregoing criteria in clauses (1) and
(2) are met, Trade Secret encompasses business and technical information including, without limitation, know-how, designs, formulas, patterns, compilations, programs, devices, inventions, methods, techniques, drawings processes, finances,
actual or potential customers and suppliers, and existing and future products and services of the Company. Notwithstanding the definitions stated above, the term Confidential Information does not include any information which (i) at the time of
disclosure to Executive, was in the public domain; (ii) after disclosure to Executive, is published or otherwise becomes part of the public domain through no fault of Executive; (iii) without a breach of duty owed to the Company, was
already in Executive’s possession at the time of disclosure; (iv) was received after disclosure to Executive from a third party who had a lawful right to the information through some avenue other than through a relationship of trust and
confidence with the Company, and without a breach of duty to the Company, disclosed the information to Executive; or (v) where Executive can show it was independently developed by Executive on non-Company time without reference to, or reliance
upon, other Confidential Information or Trade Secrets. 
 (c) Restrictions. Executive
understands and agrees that the compensation the Company has agreed to provide pursuant to this Agreement would not be as lucrative if the restrictions set forth in this section were not included in this Agreement. Therefore, in consideration of the
compensation provided in this Agreement, and the other terms agreed to by the Company, along with the disclosure (and continued disclosure of Confidential Information and Trade Secrets) a portion of which is being paid to compensate Executive for
these covenants, Executive covenants and agrees as follows: 
 (i) for the term of
Executive’s employment, and for a period of twenty-four (24) months following the Date of Termination, Executive agrees he will not engage in any Prohibited Duties for a Competitive Business in the Restricted Territory; 

  
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 (ii) for the term of Executive’s employment, and for a
period of twenty-four (24) months following the Date of Termination, Executive agrees he will not solicit any of the Company’s customers or suppliers with whom Executive had contact during the course of Executive’s employment with the
Company for any Competitive Business; 
 (iii) for the term of Executive’s employment, and
for a period of twenty-four (24) months following the Date of Termination, Executive agrees he will not solicit any of the Company’s prospective customers or prospective suppliers with whom Executive had contact during the course of
Executive’s employment with the Company for any Competitive Business; 
 (iv) for the term
of Executive’s employment, and for a period of twenty-four (24) months following the Termination Date, Executive agrees he will not solicit any of the Company’s employees whom Executive supervised during the course of his employment
with the Company, any employees with whom he had contact during his employment, any employees who had contacts of employment with the Company at the time solicited, or any employees who had restrictive covenants at the time solicited, to leave the
Company for any purpose; 
 (v) for the term of Executive’s employment, and for a period
of no less than twenty-four (24) months (for Confidential Information) or for so long as the information remains protected under this Agreement or applicable statute (for Trade Secrets) thereafter, Executive agrees that he will not, either
directly or indirectly, publish, disseminate, provide, or otherwise disclose any Confidential Information or Trade Secrets to any third party, unless required to do so by legal process or other law, without the Company’s prior written consent.
Executive agrees that if he believes he is compelled to reveal Confidential Information or Trade Secrets pursuant to the limited exception provided herein, Executive will provide the Company at least seven (7) days advance notice before doing
so, and will explain the specifics under which such Confidential Information or Trade Secrets are to be disclosed. 
 (vi) For the term of Executive’s employment, and for a period of no less than twenty-four (24) months (for Confidential Information) or for so long as the information remains protected under
this Agreement or applicable statute (for Trade Secrets) thereafter, Executive agrees that he will not, either directly or indirectly, for his own behalf or otherwise, use in any manner the Company’s Confidential Information or Trade Secrets.

 (d) Non-Disparagement. The Company and Executive agree that for the term of
Employee’s employment, and for a period of five (5) years thereafter, they will not disparage each other to any non-governmental third parties. Nothing in this subsection should be interpreted as any restriction on either Party’s
compliance with any laws requiring or compelling disclosure, or any disclosures that are considered absolutely privileged, such as legal proceedings. 

  
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 (e) Blue Pencil. The Company and Executive agree that
the provisions of Section 11, including all subparts, are intended to strike the balance between Executive earning a livelihood and the Company protecting its important competitive advantages and good will. The Parties have drafted the
provisions of Section 11, including all subparts, to allow for enforcement. The Parties agree that should a court determine that any word, phrase, clause, sentence, or paragraph is unreasonably broad in time, territory, or scope so as to render
any remaining provisions unenforceable, the Parties desire the court to strike the offending language in the narrowest way possible and enforce the remainder as if the offending language was not there, so that only reasonable restrictions are
enforced. 
 (f) Elective Right of the Company. If Executive challenges the enforceability
of the Restrictive Covenants (or asserts an affirmative defense to an action seeking to enforce the Restrictive Covenants) based on an argument that the Restrictive Covenants are (i) not enforceable as a matter of law, (ii) unreasonable in
geographical scope or duration or (iii) void as against public policy, the Company will have the right (1) to cease making the payments required under Section 6 above and, upon demand, to have Executive repay, within 10 business days
of any such demand, any payments already made. Any right afforded to, or exercised by, the Company under this Agreement will not affect the enforceability of the Restrictive Covenants or any other right of the Company under this Agreement.

 12. Assignment and Successors. 

(a) This Agreement is personal to Executive and without the prior written consent of the Company will not
be assignable by Executive otherwise than by will or the laws of descent and distribution. This Agreement will inure to the benefit of and be enforceable by Executive’s legal representatives. 

(b) This Agreement will inure to the benefit of and be binding upon the Company and its successors and
assigns. 
 (c) The Company will require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. As used in this Agreement, “Company” will mean the Company as herein before defined and any successor to its business and/or assets which assumes and agrees to perform this Agreement
by operation of law, or otherwise. 
 13. Arbitration. Any claim or dispute arising under this Agreement
will be subject to arbitration, and before commencing any court action, the Parties agree that they will arbitrate all controversies and such arbitration will occur in Greenville, South Carolina according to the Employment Dispute Rules of the
American Arbitration Association and the Federal Arbitration Act, 9 U.S.C. §1, et seq. The arbitrators will be authorized to award both liquidated and actual damages as well as injunctive relief, but no punitive damages. The
arbitrator’s award will be binding and conclusive upon the Parties, subject to 9 U.S.C. §10. Each party has the right to have the award made the judgment of a court of competent jurisdiction. 

  
 14 

 14. Miscellaneous. 

(a) Waiver. Failure of either Party to insist, in one or more instances, on performance by
the other in strict accordance with the terms and conditions of this Agreement will not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future performance of any such term or condition or of any other term or
condition of this Agreement, unless the waiver is in a writing signed by the Party making the waiver. 
 (b) Severability. If any provision or covenant, or any part thereof, of this Agreement should be held by any court to be invalid, illegal or unenforceable, either in whole or in part, such
invalidity, illegality or unenforceability will not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part thereof, of this Agreement, all of which will remain in full force and effect. 

(c) Other Agents. Nothing in this Agreement is to be interpreted as limiting the
Company from employing other personnel on such terms and conditions as may be satisfactory to it. 
 (d) Entire Agreement. Except as provided herein, this Agreement contains the entire agreement between the Parties on the subject matter hereof. From and after the Effective Date, this
Agreement will supersede any other agreement between the Parties on the subject matter hereof, including without limitation, the Existing Agreement. 

(e) Governing Law and Jurisdiction. Without regard to conflict of laws principles, the laws
of the State of South Carolina will govern this Agreement in all respects, whether as to its validity, construction, capacity, performance or otherwise. This Agreement may only be enforced in a court of competent jurisdiction in Greenville County,
South Carolina and Executive agrees to submit to the exclusive jurisdiction of a court of competent jurisdiction in Greenville, South Carolina. 
 (f) Notices. All notices, requests, demands and other communications required or permitted in this Agreement must be in writing and will be deemed to have been duly given if delivered or three
days after mailing if mailed, first class, certified mail, postage prepaid: 
  

			
	 To Company: 
	 	 ScanSource, Inc.

		 	 6 Logue Court

		 	 Greenville, SC 29615

		 	 Attn: General Counsel

		
	 To Executive:
	 	 To the address specified on Exhibit A

 Any Party may change the address to which notices, requests, demands and other communications will be
delivered or mailed by giving notice thereof to the other Party in the same manner provided herein. 
 (g) Amendments and Modifications. This Agreement may be amended or modified only by a writing signed by both Parties, which makes specific reference to this Agreement. 

(h) Construction. Each Party and his or its counsel have been provided the opportunity to review
and revise this Agreement and accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party will not be employed in the interpretation of this Agreement. Instead, the language of
all parts of this Agreement will be construed as a whole, and according to its fair meaning, and not strictly for or against either party. 

  
 15 

 (i) Deferred Compensation Provision. Notwithstanding
any other provision of this Agreement, it is intended that any payment or benefit provided under this Agreement that is considered to be “deferred compensation” subject to Code Section 409A will be provided in such manner and at such
time, including without limitation in connection with a permissible payment event under Code Section 409A, as is exempt from or complies with the requirements of Code Section 409A. All rights to payments and benefits under this Agreement
are to be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Code Section 409A. Termination of employment under this Agreement, to the extent required by Code Section 409A, will be
construed to mean a “separation from service” under Code Section 409A where it is anticipated that no further services will be performed after such date or that the level of services Executive would perform after that date (whether as
an employee or independent contractor) would permanently decrease to no more than twenty percent (20%) of the average level of services Executive performed over the prior thirty-six (36)-month period. The terms of this Agreement are intended
to, and will be construed and administered to the fullest extent possible, to permit compensation to be paid under this Agreement to be exempt from or comply with Code Section 409A. Regardless, neither the Company nor its directors, officers or
agents will be liable to Executive or anyone else if the Internal Revenue Service or any court or other authority determines that any payments or benefits to be provided under this Agreement are subject to taxes, penalties or interest as a result of
failing to comply with or be exempt from Code Section 409A. 
 Notwithstanding anything in
this Agreement to the contrary, if any payment or benefit that constitutes non-exempt “deferred compensation” under Code Section 409A would otherwise be provided under this Agreement due to Executive’s separation from service
during a period in which he is a “specified employee” (as defined in Code Section 409A and the associated final regulations), then, to the extent required by Code Section 409A, such payments or benefits will be delayed, to the
extent applicable, until six months after Executive’s separation from service or, if earlier, Executive’s death (the “409A Deferral Period”). If such payments are otherwise due to be made in installments during the 409A Deferral
Period, the payments that would otherwise have been made in the 409A Deferral Period will be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments will be made as otherwise scheduled. In the
event benefits are required to be deferred, any such benefit may be provided during the 409A Deferral Period at Executive’s expense, with Executive having the right to reimbursement from the Company once the 409A Deferral Period ends, and the
balance of the benefits will be provided as otherwise scheduled. 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Employment
Agreement as of the Effective Date. 
  

									
	 EXECUTIVE:
	 		 	 SCANSOURCE, INC.:

					
	 Name:
	 	 /s/ Michael L. Baur
	 		 	 By:
	 	 /s/ John J. Ellsworth

					
		 	 	 		 	 Name:
	 	 
					
		 		 		 	 Title:
	 	 General Counsel, VP & Corporate Secretary

					
		 		 		 		 	 

  
 17 

 EXHIBIT A TO EMPLOYMENT AGREEMENT 

Executive: Michael L. Baur 
 Base Salary: $800,000 annually 
 Incentive Compensation: The
incentive compensation structure detailed in the Existing Agreement will remain in effect through June 30, 2011. Beginning July 1, 2011 and continuing through the end of the Employment Period, incentive compensation will be paid with
respect to the Company’s Operating Income determined at the end of each fiscal year calculated by using the table below. 

For purposes of this Agreement, “Operating Income” means the amount reflected for the line item identified as Operating Income
on the Company’s audited consolidated financial statements for each respective fiscal year ending during the term of this Agreement and “Return on Invested Capital” means an amount expressed as a percentage of: the Company’s
annual (or annualized) EBITDA (net income plus interest, taxes, depreciation and amortization) divided by average shareholder’s equity and interest bearing debt (defined as the sum of shareholder’s equity at the beginning of the period
added to the sum of shareholder’s equity at the end of the period, divided by 2, plus the average daily interest bearing debt for the period). The Company reserves the right to make adjustments to the calculation of Return on Invested Capital
to account for any extraordinary or unusual items that did not exist or were not in effect as of the Effective Date and to the extent permitted to qualify for the Code Section 162(m) Exemption (as defined below), including, but not limited to,
newly pronounced accounting standards and similar laws and regulations and significant non-recurring events that impact the Company. The Company’s calculation of Operating Income, Return on Invested Capital, and the incentive compensation
amount shall be conclusive and binding absent fraud or manifest and material error. 
 The incentive compensation will be paid
to Executive annually and as soon as practicable following the Company’s filing of its Form 10-K with the United States Securities and Exchange Commission. 
 The amount of the incentive compensation will be calculated as follows: 
  

	 	 •
	 	 Bonus of 1.75% of Operating Income if Return on Invested Capital exceeds 30% 

	 	 •
	 	 Bonus of 1.65% of Operating Income if Return on Invested Capital is 30% or less and greater than 25% 

	 	 •
	 	 Bonus of 1.6% of Operating Income if Return on Invested Capital is 25% or less and greater than 23% 

	 	 •
	 	 Bonus of 1.5% of Operating Income if Return on Invested Capital is 23% or less and greater than 20% 

	 	 •
	 	 Bonus of 1.3% of Operating Income if Return on Invested Capital is 20% or less and greater than 17% 

	 	 •
	 	 Bonus of 1.1% of Operating Income if Return on Invested Capital is 17% or less and greater than 13.5% 

	 	 •
	 	 Bonus of .75% of Operating Income if Return on Invested Capital is 13.5% or less and greater than 10% 

	 	 •
	 	 No incentive compensation if Return on Invested Capital is 10% or less. 

Notwithstanding any other provision of this Agreement or this Exhibit A, any incentive compensation to be paid under this Agreement will
be paid to Executive by the later of
(i) March 15th following the end of the calendar
year in which Executive right to such incentive compensation vests or (ii) the 15th day of the third month following the end of the Company’s fiscal year in which Executive’s right to such incentive compensation vests. 

Given Executive may be a “covered employee” under Code Section 162(m), the foregoing incentive compensation is intended to
be a Performance Unit granted under the terms of the Company’s 2002 Long-Term Incentive Plan and has been designated as a “Qualified Performance-Based Award.” The incentive compensation is intended to qualify for the Code
Section 162(m) Exemption within the meaning of the Company’s 2002 Long-Term Incentive Plan. In no event may Executive’s incentive compensation under this Agreement for any year exceed the maximum amount allowed by the terms of the
2002 Long-Term Incentive Plan currently in effect, which is $3,000,000 as of the Effective Date. Executive’s right to receive and retain any payment of incentive compensation is subject to the written certification of the Board Compensation
Committee that the relevant performance goals have been achieved. To the extent appropriate, the Board Compensation Committee may provide for the payment of incentive compensation under the terms of another Company incentive plan that permits
Qualified Performance-Based Awards, in which case the limits and terms of such other incentive plan will apply. 
  

			
	 Days of Paid Vacation per Fiscal Year:
	  	 Approving Person:

		
	 25
	  	 Chairman of the Board of Directors

 Period of Time for Post-Termination Medical Benefits: 

To age 65, or longer as described below for MediGap coverage. 
 Extended Coverage under Post-Termination Medical Benefits: 
 MediGap
coverage to the extent available, until Executive reaches age 80, consisting of ongoing coverage under one or more insured policies that cover medical expenses for Executive and his dependents in excess of that covered by Medicare. 

 

							
	 Executive Notice Address:
	  		  		  	
				
	 6 Logue Court
	  		  		  	
	 Greenville, SC 29615
	  		  		  	
	 Attn: Michael L. Baur
	  	Initials:      	  	  
	  	
				
		  		  	  
	  	

 EXHIBIT B TO EMPLOYMENT AGREEMENT 

Form of Release 
 THIS RELEASE (“Release”) is granted effective as of the              day of
            ,             , by
                         (“Executive”) in favor of ScanSource, Inc. (the “Company”). This
is the Release referred to that certain Employment Agreement dated as of             ,             
by and between the Company and Executive (the “Employment Agreement”). Executive gives this Release in consideration of the Company’s promises and covenants as recited in the Employment Agreement, with respect to which
this Release is an integral part. 
 1. Release of the Company. Executive, for himself, his
successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders,
trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives,
and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages,
judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by
reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to
cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or
purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for
employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under: 

 

	 	 1.
	 Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991; 

	 	 2.
	 Section 1981 of the Civil Rights Act of 1866, as amended; 

	 	 3.
	 Executive Orders 11246, 13496 and 11141; 

	 	 4.
	 the Equal Pay Act of 1963; 

	 	 5.
	 the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA); 

	 	 6.
	 the Americans with Disabilities Act of 1990 and any amendments thereto, including the ADA Amendments Act of 2008; 

	 	 7.
	 the Rehabilitation Act of 1973; 

	 	 8.
	 the Employee Retirement and Income Security Act of 1974; 

	 	 9.
	 the Sarbanes-Oxley Corporate Reform Act of 2002; 

	 	 10.
	 whistle-blower and/or retaliation claims or suits under the Sarbanes-Oxley Act of 2002; 

	 	 11.
	 the Family and Medical Leave Act of 1993, as amended; 

	 	 12.
	 the Health Insurance Portability and Accountability Act of 1996 (HIPAA); 

	 	 13.
	 the Fair Labor Standards Act of 1938, as amended; 

	 	 14.
	 the Occupational Safety and Health Act; 

	 	 15.
	 the Uniformed Services Employment and Re-employment Act of 1994; 

	 	 16.
	 the Worker Adjustment and Retraining Notification Act; 

	 	 17.
	 the Lilly Ledbetter Fair Pay Act of 2009; 

	 	 18.
	 the Fair Credit Reporting Act; 

	 	 19.
	 state workers’ compensation law;  

	 	 20.
	 Consumer Credit Protection Act 

	 	 21.
	 Immigration Reform and Control Act of 1986; 

	 	 22.
	 National Labor Relations Act; 

	 	 23.
	 the Genetic Information Nondiscrimination Act of 2008; 

	 	 24.
	 the Age Discrimination in Employment Act; 

	 	 25.
	 the South Carolina Payment of Wages Act; 

	 	 26.
	 the South Carolina Human Affairs Law; 

	 	 27.
	 claims arising under the United States and/or South Carolina Constitutions; 

	 	 28.
	 claims for wages and overtime pay and commissions, bonuses, vacation pay or any express or implied contracts; 

	 	 29.
	 any common law claims or claims founded in tort (including negligence) for wrongful discharge, negligence, negligent hiring, negligent training or
negligent supervision, assault or battery, invasion of privacy, false imprisonment, intentional infliction of emotional distress, defamation, libel, slander, breach of contract (oral, written or implied), or any other equitable basis or action;

	 	 30.
	 claims that the Company treated or dealt with me unfairly; and 

	 	 31.
	 any claims arising under any other federal, state or local law, statute, regulation, ordinance, treaty or law of any other type, or any other cause
of action or theory of recovery arising by virtue of my employment relationship and/or affiliation with ScanSource or any public policy, tort or common law. 

Without waiving any prospective or retrospective rights under the Fair Labor Standards Act, I admit that I have received
from ScanSource all rights and benefits, if any, due or potentially due to me pursuant to the Fair Labor Standards Act. I understand and acknowledge that it is the parties’ intent to release all claims that can be legally released but no more
than that. 
 I affirm that while I was employed with the Company, I had no known and unreported workplace
injuries or occupational diseases and was not denied leave under the Family and Medical Leave Act of 1993. 

 I represent and agree that I have been paid and have received all paid or
unpaid leave, compensation, wages, overtime, vacation or sick pay, bonuses and/or benefits to which I may be entitled and no other amounts, except as provided in this Agreement, are due to me. 

Executive specifically agrees not to attempt to institute any proceedings or pursue any action pursuant to any laws
(state, local, or federal) with any agency or in any jurisdiction (state, local, or federal) based on employment with or termination from the Company except as required or protected by law. Executive covenants that he will in not way encourage or
assist any person or entity (including, but not limited to, any past, present or future employee(s) of Company) to take part or participate in any legal or administrative action against Company, except as otherwise required or protected by law.
Nothing in the Agreement shall be interpreted or applied in a manner that affects or limits Executive’s otherwise lawful ability to bring an administrative charge with the Equal Employment Opportunity Commission or other appropriate state or
local comparable administrative agency; however, the parties agree that Executive has released Company from all liability arising from the laws, statutes, and common law listed in paragraph 1 (except as set forth in this paragraph below, with
respect to the Age Discrimination in Employment Act (“ADEA”)) and, as such, Executive is not and will not be entitled to any monetary or other comparable relief on his own behalf. Nothing in this Agreement shall be interpreted or applied
in a manner that affects or limits Executive’s ability to challenge (with a lawsuit or administrative charge) the validity of Executive’s release of Company in this Agreement for age claims under the ADEA (which release is provided for in
paragraph 2 of this Agreement). Other than a challenge to the validity of the release of ADEA claims under this Agreement, Executive has released Company from all liability with respect to the laws, statutes, and common law listed in paragraph 2,
including the ADEA. 
 2. Release of Claims Under Age Discrimination in Employment Act. Without
limiting the generality of the foregoing, Executive agrees that by executing this Release, he has released and waived any and all claims he has or may have as of the date of this Release for age discrimination under the Age Discrimination in
Employment Act, 29 U.S.C. § 621, et seq. It is understood that Executive is advised to consult with an attorney prior to executing this Release; that he in fact has consulted a knowledgeable, competent attorney regarding
this Release; that he may, before executing this Release, consider this Release for a period of twenty-one (21) calendar days; and that the consideration he receives for this Release is in addition to amounts to which he was already
entitled. It is further understood that this Release is not effective until seven (7) calendar days after the execution of this Release and that Executive may revoke this Release within seven (7) calendar days from the date of
execution hereof. 
 3. Executive acknowledges and represents that as an employee of the Company he has been
obligated to, and has been given the full and unfettered opportunity to, report timely to the Company any conduct that would give rise to an allegation that the Company or any affiliate of the Company has violated any laws applicable to its
businesses or has engaged in conduct which could otherwise be construed as inappropriate or unethical in any way, even if such conduct is not, or does not appear to 

 
be, a violation of any law. Executive acknowledges that a condition of the payment of any consideration provided by the Company to the Executive hereunder is his truthful and complete
representation to the Company regarding any such conduct, including but not limited to conduct regarding compliance with the Company’s Code of Ethics, polices, and procedures, and with all laws and standards governing the Company’s
business. 
 Executive’s truthful and complete representation, based on his thorough search of his
knowledge and memory, is as follows: Executive has not been directly or indirectly involved in any such conduct; no one has asked or directed him to participate in any such conduct; and Executive has no specific knowledge of any conduct by any other
person(s) that would give rise to an allegation that the Company or any affiliate of the Company has violated any laws applicable to its businesses or has engaged in conduct which could otherwise be construed as inappropriate or unethical in any
way. 
 Executive agrees that he has carefully read this Release and is signing it voluntarily. Executive
acknowledges that he has had twenty one (21) days from receipt of this Release to review it prior to signing or that, if Executive is signing this Release prior to the expiration of such 21-day period, Executive is waiving his right to review
the Release for such full 21-day period prior to signing it. Executive has the right to revoke this release within seven (7) days following the date of its execution by him, and must deliver written notice of revocation in person to
             at the following address:
                                , and such revocation shall not be
effective unless actually received by             , within seven (7) days following the date the release was signed by Executive. If Executive revokes this Release within
such seven (7) day period, no severance benefit will be payable to him under the Employment Agreement and he shall return to the Company any such payment received prior to that date. 

EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN
CLAIMS AGAINST THE COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AND ANY AND ALL OTHER STATE AND FEDERAL LAWS, WHETHER STATUTORY OR COMMON LAW. EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN ATTORNEY OR
OTHER ADVISOR OF HIS CHOOSING CONCERNING HIS EXECUTION OF THIS RELEASE AND THAT HE IS SIGNING THIS RELEASE VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH CLAIMS. 

 

	
	
	 
	 Executive

	
	 Date:    _________________

 EXHIBIT C TO EMPLOYMENT AGREEMENT 

Definition of Change in Control: 
 For the purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events: 

(i) individuals who, on the Effective Date, constitute the Board of Directors of the Company (the
“Incumbent Directors”) cease for any reason to constitute at least a majority of such Board, provided that any person becoming a director after the Effective Date and whose election or nomination for election was approved by a vote of at
least a majority of the Incumbent Directors then on the Board shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened
election contest with respect to the election or removal of directors (“Election Contest”) or other actual or threatened solicitation of proxies or consents by or on behalf of any “person” (such term for purposes of this
definition being as defined in Section 3(a)(9) of the Exchange Act and as used in Section 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Board (“Proxy Contest”), including by reason of any agreement intended to avoid
or settle any Election Contest or Proxy Contest, shall be deemed an Incumbent Director; or 

(ii) any person is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of either (A) 35% or more of the then-outstanding shares of common stock of the Company (“Company Common Stock”) or (B) securities of the Company representing 35% or more of the combined voting power
of the Company’s then outstanding securities eligible to vote for the election of directors (the “Company Voting Securities”); provided, however, that for purposes of this subsection (ii), the following acquisitions
shall not constitute a Change in Control: (w) an acquisition directly from the Company, (x) an acquisition by the Company or a Subsidiary of the Company, (y) an acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any Subsidiary of the Company, or (z) an acquisition pursuant to a Non-Qualifying Transaction (as defined in subsection (iii) below); or 

(iii) the consummation of a reorganization, merger, consolidation, statutory share exchange or similar
form of corporate transaction involving the Company or a Subsidiary (a “Reorganization”), or the sale or other disposition of all or substantially all of the Company’s assets (a “Sale”) or the acquisition of assets or stock
of another corporation (an “Acquisition”), unless immediately following such Reorganization, Sale or Acquisition: (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
outstanding Company Common Stock and outstanding Company Voting Securities immediately prior to such Reorganization, Sale or Acquisition beneficially own, directly or indirectly, more than 55% of, respectively, the then outstanding shares of common
stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Reorganization, Sale or Acquisition (including, without
limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets or stock either directly 

 
or through one or more subsidiaries, the “Surviving Corporation”) in substantially the same proportions as their ownership, immediately prior to such Reorganization, Sale or
Acquisition, of the outstanding Company Common Stock and the outstanding Company Voting Securities, as the case may be, and (B) no person (other than (x) the Company or any Subsidiary of the Company, (y) the Surviving Corporation or
its ultimate parent corporation, or (z) any employee benefit plan (or related trust) sponsored or maintained by any of the foregoing is the beneficial owner, directly or indirectly, of 35% or more of the total common stock or 35% or more of the
total voting power of the outstanding voting securities eligible to elect directors of the Surviving Corporation, and (C) at least a majority of the members of the board of directors of the Surviving Corporation were Incumbent Directors at the
time of the Board’s approval of the execution of the initial agreement providing for such Reorganization, Sale or Acquisition (any Reorganization, Sale or Acquisition which satisfies all of the criteria specified in (A), (B) and
(C) above shall be deemed to be a “Non-Qualifying Transaction”); or 
 (iv)
approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

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