Document:

EXHIBIT 10.8

LOAN POLICY

LOAN NO. 0044-10186-59

MATURITY: 25/06/2015

CURRENCY: EURO

PAYMENT ACCOUNT: 0075-0953-64-060******9571

AMOUNT: 55.000,00 (EURO FIFTY FIVE THOUSAND)

PLACE AND DATE OF CONTRACT: ARROYO DE LA MIEL (MALAGA) 02-06-10

APPEARING, BANCO POPULAR ESPANOL SA (The Bank) represented by:

D.  SANTIAGO  HERVES  GARRIDO,  with ID Tax number  0295751503Z  and D(a) MONICA
DESCALZO MARTIN, with ID Tax number 012326297E

AND

ACTING AS      ID TAX NUMBER             NAME          LIABILITY GUARANTOORS OR
                                                              ON BEHALF OF
HOLDER        C.IF. B92914282       ARROW CARS S.L.

PROXY         X3570493L             JEREMY DEAN HARRIS    HOLDER 001 DOCUM 76

POWER OF ATTORNEY:  NOTARY: AMELIA MARIN GARCIA; PLACE: ARROYO DE LA MIEL; DATE:
13/01/2010; NR. 76.

ADDRESS: AV. MIJAS 1, OFICINA 1. BENALMADENA. MALAGA 29630

Having agreed the terms of this contract with the  intervention  of Mrs.  AMELIA
MARIN GARCIA Notary expressly required to formalize this loan agreement.

SETTLEMENT TERMS

INTERESTS

- At capital free period: 4,929%

- At repayment period: 4,997%

- Late payment: 29%

COMMISSIONS

- Opening: 0,40%.

- Early repayment: 0,00%

COSTS

- Study: 0,00 Euros.
<PAGE>
- Claim of outstanding amounts: 30,05 euros.

METHOD OF PAYMENT AND REPAYMENT

- The forward transaction will be made at a fix rate.

- The terms duration shall be divided into two periods.

- Redemption  free period from the date of this  contract  until the  25-06-2011
when only interest payment shall be made.

The first  interest  payment  shall be made for the days in between  the date of
execution of this contract and the 25/06/2010. The remaining settlements,  until
the expiration of the period free  redemption  shall be made in monthly  periods
from that date,  according to the table of repayments and  settlements  which is
annexed to this document.

- Redemption Period: It will cover from the 25/06/2011 until the expiration date
of the forward transaction.  The repayment of principal and interest on the loan
will be done through 48 monthly  payments  being the sum of each 1266.54  euros,
including  capital  and  interest.   The  repayment  will  be  done  in  monthly
installments from the 25-07 -2011 until the 25/06/2015.

Clients  jointly are obliged to pay off in the Bank Branch  before or on the due
date  indicated,  the  amount  of the loan  that,  with the  quoted  number,  is
regulated  by  this  contract,   which  shall  be  regulated  by  the  following
conditions.

CONDITIONS

FIRST:

Following  client's  instructions,  the  loan  will  be  paid it will be paid by
crediting in the client's account in the bank, the amount of euros stated in the
conditions as loan amount.

SECOND:

During  its term and up to the  cancellation  date,  this  loan  will  bear late
interest penalty payment as indicated in paragraph Terms  settlement,  in period
free of debt repayments and repayment.

The Interest calculation is made according to the following formula:

I = C * R * T/36000

Where:

C: Outstanding capital

R: nominal annual interest rate.

T: The period of time remaining the settlement.

THIRD:

At the time of payment the customer is required to pay to THE BANK:

                                       2
<PAGE>
- A one off opening bank charge.

- Postal costs and  management of overdrawn  balances fee: will be paid once per
each overdrawn, to cover the costs for managing the settlement.

- Study Costs:  They will be  calculated on the full amount of the loan and will
be received once upon the signing of this contract.

The  amount  of fees  and  expenses  shall  be the  amounts  resulting  from the
application of the Conditions of Settlement  which also contain the frequency of
charges.

FOURTH. -

For the purpose of the payments made under this contract,  the Client authorizes
the bank, to charge the current  accounts or other  accounts or deposits held at
THE BANK, with the periodic interests settlements.

FIFTH. -

The payments of these contract become  delinquent when are failed to be made any
of the payments related to this contract.  The Bank will not need to notify this
situation to the client to become effective.

When a  payment  becomes  delinquent,  as  well  as  being  a  cause  for  early
termination of the loan, the amounts due and unpaid will accrue penalty interest
for late  payment in favor of the Bank since the next day the  payment  was due,
until its settlement by the client.  The interest rate  applicable is set in the
Conditions of Settlement or the interest rate obtained as a result of increasing
the ordinary interest rate with the percentage agreed for this case.

In  accordance  with Article 317 of the CC interest due and unpaid  commissions,
overdrawn balances  commission;  and postal fees, will be considered part of the
capital of the loan, together with the penalty interest for late payment,  which
will accrue  interests on the same period basis as the standard  agreed payments
of the loan. In case it was not agreed periodic payment, this and the allocation
of the charges,  as described  above,  will be  calculated  monthly,  whilst the
payments remain delinquent.

SIXTH. -

Notwithstanding  the agreed term,  the Bank may cancel the loan,  demanding full
payment when:

a) When the client breaches any of its obligations under this contract.

b) When the Bank find false statements or information in the Client or guarantor
documents submitted, which have been used for granting the loan. When the client
or the guarantor do not provide  accurate  information to know their exact legal
or financial situation.

c) When the  client  sell more than 25% of total  assets,  modify or change  its
business activity or its legal nature, in a way that would negatively affect his
solvency.

d) When the client is declared in legal  situation of insolvency,  bankruptcy or
administration,  his  belongings  were seized,  when the client fails to fulfill
other  obligations  with the Bank, when the client fails to pay postdated checks
in such an amount that his  solvency or  guarantees  provided for the purpose of
this contract would be reduced substantially.

                                       3
<PAGE>
e) When one of the guarantors die or they incur in any of the above  situations,
except in case the client provides new guarantors who can satisfy the Bank.

SEVENTH. -

Early redemption.  The loan is subject to early redemption,  if so is decided by
the client.  Such  redemption  can be total or partial.  The Amount paid will be
applied firstly to interests,  commissions and fees, secondly,  to the repayment
of capital.  In case the early  redemption will be requested by the client,  the
Bank will receive a commission,  over the amount early  repaid.  The client will
not be entitled to be  reimbursed of the interest and fees paid in case of early
redemption.

EIGHTH. -

In case  the  Bank  decides  to  declare  cancelled  the  loan in the  situation
described in Clause Sixth,  the Client or the Guarantor will be obliged to repay
in full any amounts outstanding related to the present contract.

In any case the full  redemption  of the loan and its  interests  can be legally
enforced,  using this contract  together  with a certificate  issued by the Bank
where will be confirmed the total amount outstanding.

NINTH. -

The  parties  expressly  agree  that the Bank will  decide  which  debts will be
settled with the amounts received into the Client's Bank Account.

The outstanding  amounts  corresponding to this contract,  may be compensated by
the Bank with any other amounts existing in favor of the Client in whatever form
and documents that are represented,  whatever it will be its maturity date, even
for this purpose,  the Bank can  anticipate  the same.  All the client's  goods,
present  and future  will be  committed  to the  fulfillment  of this  contract,
especially  those that are under the  client's  name in the Bank.  The bank,  is
irrevocably  authorized to proceed,  in case the client defaults payment, to use
the  client's  cash  deposits  and  enforcements  of any  rights,  documents  or
securities  that  may  be  deposited  in the  bank,  in  order,  to  settle  the
outstanding payments.

TENTH. -

Cash balances and credit rights derived, securities or financial assets, will be
deemed a pledge  made to the  Bank  until  full  settlement  of all  outstanding
amounts  arising  from  this  contract  will be  settled.  The same  will not be
available to the client without the Bank consent.

ELEVENTH. -

(Assignment).  The Bank may assign, transfer or dispose of totally or partially,
this contract or any rights under this contract.

TWELFTH. -

All taxes or charges created or to be created by the State,  autonomous regions,
provincial councils or similar entities,  and expenses of any kind arising under
the setting,  compliance,  communication or extinction of obligations related to
this  contract  and  especially  the fees or  brokerage  of  Notaries  for their
involvement in this contract or later interventions, and, where appropriate, the
costs of  registration  or  similar  verifications  needed by the Bank to obtain
redemption of the debt, will be paid by the client,  or the guarantor.  The Bank
will  communicate  to the client,  previously  to their  effect,  any changes in
commissions and expenses to be paid by the client during the term of the loan.

                                       4
<PAGE>
THIRTEENTH. -

The guarantor guarantee, jointly in case multiple guarantor, with the client all
the obligations resulting from this contract.  The guarantor waives the benefits
of order,  excusion and division and specially to the provisions of Article 1851
of the Civil Code regarding the non-extinction of the guarantee by the extension
or  extensions  granted to the  client.  The  Guarantee  will be extended to any
extensions,  renewals,  innovations  or  modifications  of any kind,  express or
implied,  that may arise in the  obligations  of this  contract  until the total
extinction of the same.

The guarantor in order to fulfill the  obligations  of this  contract  accept to
commit with this contract all his present or future goods,  and especially those
that  exist in his name in the Bank.  The bank,  is  irrevocably  authorized  to
proceed,  in case the client or the guarantor default any payment , to use their
cash deposits and  enforcements of any rights,  documents or securities that may
be deposited in the bank, in order,  to settle the  outstanding  payments.  Also
authorize the Bank to enforce guarantor's  liabilities in terms of the Condition
Ninth.

The  guarantor  / s, for the  purposes  of  requests  or  notices  of any  kind,
designate  his address as the one set at the header of the  contract,  unless he
has duly  notified  the Bank of its  change.  The  guarantor  agrees to  receive
communication from the bank by any media.

FOURTEENTH. -

Personal  data of the client  provided to Bank now or in the  future,  including
those resulting from  computationally  registered are recorded in their computer
data  bases  for the  purpose  of being  used by the Bank or third  parties,  in
accordance with the provisions of this clause.

The bank will use these data for the management of the  bank-client  contractual
relationship and to provide services related to it, including the possibility of
remission,  by the Bank or other  third  parties  on behalf of the bank,  of any
information,  customized  or not,  about  products or services or third party on
behalf of the bank and for any other  purposes  compatible  with the above.  The
data may be stored in files in the bank even after the contractual  relationship
with the client has expired,  exclusively  for sending  information  and, in any
case, during the legal time limits.

The  Client  authorize  the  Bank to  communicate  such  data to  third  parties
(financial,  insurance,  commerce,  services,  distribution,  fund and  pension,
leasing) part of the Group's  companies Bank, in order to be used for any of the
purposes  stated in the previous  paragraph.  The client  through this clause is
informed of this assignment to the transferees  under this clause, as well as to
other third parties (major financial companies,  distribution Companies, service
Companies) with identical purposes than those indicated. The consent to transfer
data communication to third parties is revocable at any time.

The  responsible  of the  treatment  of this data is Banco  Popular  Espanol SA,
residing at c / Velazquez,  35, Madrid, although the client may freely exercise,
in any of the Bank's offices, his rights of access, rectification , cancellation
of data and opposition (in the latter case,  only in the cases  prevented by law
and except for the management of the bank-client contractual relationship.)

SIGNED
THE CLIENT                                          THE BANK
ARROW CARS                                          PP.: SANTIAGO HERVES GARRIDO
PP.: JEREMY DEAN HARRIS                             MONICA DESCALZO MARTIN.
GUARANTOR: JEREMY DEAN HARRIS

                                       510K2012 SNX-exhibits10.32

EXHIBIT  10.32
SYNNEX CORPORATION
2003 STOCK INCENTIVE PLAN
AMENDMENT TO STOCK OPTION AWARD

This Amendment to the Notice of Stock Option Grant and Stock Option Agreement between SYNNEX Corporation (the “Company”) and Thomas Alsborg (the “Executive”) with respect to the grant of an Option on March 30, 2007, January 18, 2008, October 3, 2008, September 29, 2009, October 7, 2010, and October 5, 2011 to purchase Common Stock of the Company (the “Agreements”), is entered into by and between the Company and the Executive, and such Amendment shall be effective, as of October 31, 2012.
WHEREAS, the parties hereto wish to make certain modifications to the Agreements to reflect the terms of the offer letter to the Executive, dated November 2, 2012;
NOW, THEREFORE, in consideration of the foregoing and the mutual promises and conditions contained in the Agreements and this Amendment, the parties hereby agree as follows:
1.The Vesting Schedule set forth in the Notice of Stock Option Grant is hereby amended to read as follows:
Vesting Schedule:    This Option becomes exercisable with respect to the first 12/60th of the shares subject to this Option when you complete 12 months of continuous “Service” (as defined in the Plan) from the Vesting Commencement Date.  Thereafter, this Option becomes exercisable with respect to an additional 1/60th of the shares subject to this Option when you complete each additional month of Service.  If you remain in continuous Service through May 31, 2013 (the “Transition Date”), this Option will continue to become exercisable in accordance with the foregoing schedule through January 31, 2014 (the “Deemed Termination Date”) or, if earlier, when this Option becomes exercisable with respect to 100% of the shares subject to the Option.
2.The “Tax Treatment” provision of the Stock Option Agreement is hereby amended to read as follows:
Tax Treatment:    This Option is intended to be a nonstatutory option.  If this Option is designated as an incentive stock option in the Notice of Stock Option Grant, then it shall be deemed to be a nonstatutory option to the extent required by the $100,000 annual limitation under Section 422(d) of the Internal Revenue Code or pursuant to Section 1.424-1(c) of the regulations of the Department of Treasury as a result of the Amendment to the Stock Option Award, effective as of October 31, 2012.
3.The “Vesting” provision of the Stock Option Agreement is hereby amended to read as follows:

- 1 -

Vesting
This Option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. This Option will in no event become exercisable for additional shares after your Service has terminated for any reason, provided that this Option will continue to become exercisable in installments through the Deemed Termination Date if you remain in continuous Service through the Transition Date.
4.The “Regular Termination” provision of the Stock Option Agreement is hereby amended to read as follows:
Regular Termination
If your Service terminates for any reason except Misconduct, Death or Disability, then this Option will expire at the close of business at Company headquarters on the date three (3) months after the date your Service terminates (or, if earlier, the Expiration Date).  The Company has discretion to determine when your Service terminates for all purposes of the Plan and its determinations are conclusive and binding on all persons.  Notwithstanding the foregoing, if you remain in continuous Service through the Transition Date, then this Option will expire at the close of business at Company headquarters on the Deemed Termination Date (or, if earlier, the Expiration Date).
5.The “Death” provision of the Stock Option Agreement is hereby amended to read as follows:
Death
If you die, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates (or, if earlier, the Expiration Date).  During that period of up to 12 months, your estate or heirs may exercise the Option.  Notwithstanding the foregoing, if you remain in continuous Service through the Transition Date, then this Option will expire at the close of business at Company headquarters on the date 12 months after the Deemed Termination Date (or, if earlier, the Expiration Date).
6.The “Disability” provision of the Stock Option Agreement is hereby amended to read as follows:
Disability
If your Service terminates by reason of Disability, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates (or, if earlier, the Expiration Date).  Notwithstanding the foregoing, if you remain in continuous Service through the Transition Date, 

- 2 -

then this Option will expire at the close of business at Company headquarters on the date 12 months after the Deemed Termination Date (or, if earlier, the Expiration Date).
7.The “Transfer of Option” provision of the Stock Option Agreement is hereby amended to read as follows:
Transfer of Option
In general, only you can exercise this Option prior to your death. You cannot transfer or assign this Option, other than as designated by you by will or by the laws of descent and distribution, except as provided below.  For instance, you may not sell this Option or use it as security for a loan.  If you attempt to do any of these things, this Option will immediately become invalid.  You may in any event dispose of this Option in your will.  Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.
However, if this Option is a nonstatutory stock option, then the Committee may, in its sole discretion, allow you to transfer this Option as a gift to one or more family members.  For purposes of this Agreement, “family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law or sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals have more than 50% of the beneficial interest, a foundation in which you or one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than 50% of the voting interest.
In addition, if this Option is a nonstatutory stock option, then the Committee may, in its sole discretion, allow you to transfer this option to your spouse or former spouse pursuant to a domestic relations order in settlement of marital property rights.
The Committee will allow you to transfer this Option only if both you and the transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.
8.Except as expressly modified by this Amendment, the terms and provisions of the Agreements shall remain unchanged and in full force and effect.
9.Any modification to this Amendment shall be effective only if it is in writing and signed by the parties to be bound thereby.

- 3 -

IN WITNESS WHEREOF, the parties have executed this Amendment, effective as of the day and year first above written.
	
						
	 
	 
	 
	SYNNEX CORPORATION
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	Dated:
	November 8, 2012
	By:
	/s/ Simon Leung
	 

	 
	 
	 
	Simon Leung
	 

	 
	 
	 
	Senior Vice President, General Counsel and

	 
	 
	 
	Corporate Secretary

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	Dated:
	November 8, 2012
	 
	/s/ Thomas Alsborg
	 

	 
	 
	 
	Thomas Alsborg
	 

	 
	 
	 
	 
	 
	 

- 4 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]