Document:

Restricted Stock Grant Agreement

 EXHIBIT 10.3 
 INTCOMEX, INC. 
 RESTRICTED STOCK GRANT AGREEMENT 
 THIS AGREEMENT (the “Agreement”), made as of the 30th day of June, 2008, between Intcomex, Inc., a Delaware corporation (the
“Company”), and Carol Miltner (the “Grantee”). 
 WHEREAS, the Company desires to promote the interests of the Company by
providing key service providers of the Company with an appropriate incentive to encourage them to continue in the service and to improve the growth and profitability of the Company; and 
 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that it is in the best interests of the Company to make a grant of
common stock of the Company, non-voting, subject to certain vesting conditions and transfer restrictions (“Restricted Stock”) to the Grantee, on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows: 

1. Grant of Restricted Stock. Pursuant to, and subject to the terms and conditions set forth herein, the Company hereby grants Grantee 41 shares of Restricted
Stock (the “Restricted Stock Award”). 
 2. Grant Date. The Grant Date of the Restricted Stock Award hereby granted is June 30, 2008.

 3. Vesting; Lapse of Restrictions. 
 (a) Vesting Schedule. The Restricted Stock Award shall vest and any Transfer Restrictions (as defined below) shall lapse with respect to all 41 shares of common stock, non-voting, subject to such Restricted Stock Award on the third
anniversary of the Grant Date (the “Vesting Date”), respectively, subject to the Grantee’s continued service with the Company as of such anniversary. 
 (b) Additional Vesting on a Termination. Notwithstanding Section 3(a) hereof, Grantee shall immediately vest and all Transfer Restrictions shall lapse with respect to 100% of the Restricted Stock on the
earlier of (i) death or disability (as determined in good faith by the Board) and (ii) Grantee, after being nominated to the Board, is not elected to the Board by shareholders of the Company. In the event Grantee’s service with the
Company is terminated for any reason other than as described in the immediately preceding sentence, upon such termination, if the Restricted Stock Award that has not yet vested, it shall be immediately forfeited. 

 4. Change in Control. In the event of a Change in Control (as defined below) other than in the event of a public
offering (whether primary or secondary) of the Company’s common stock, the Company shall have the right to terminate the Grantee’s then outstanding unvested Restricted Stock underlying the Restricted Stock Award, in which case the Company,
or the successor or acquiror in such Change in Control, shall pay to the Grantee an amount in cash equal to the product of the number of unvested shares of the Restricted Stock times the per share consideration paid to the holders of the
Company’s common stock in the Change in Control. The termination of the Restricted Stock and related cash payments under this section shall occur, and be paid to the Grantee, respectively, immediately prior to the Change in Control. For
purposes of this section, “Change in Control” shall mean the occurrence of any of the following events: 
 (a) Any
“person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more
than fifty percent (50.0%) of the total voting power represented by the Company’s then outstanding voting securities; 
 (b) The
consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; or 
 (c) The consummation of
a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50.0%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent
outstanding immediately after such merger or consolidation. 
 5. Rights of Grantee. Except as otherwise provided in this Agreement, the Grantee shall
be entitled, at all times on and after the Grant Date, to exercise all rights of a shareholder with respect to the Restricted Stock Award, other than the right to vote the shares of Restricted Stock. 
 6. Limitations on Transfer. Prior to the applicable Vesting Date, the Grantee shall not be entitled to transfer, sell, pledge, hypothecate or assign any portion
of the Restricted Stock Award, except by will or the laws or descent or distribution (the “Transfer Restrictions”). In the event of any purported transfer of any portion of the Restricted Stock Award in violation of the provisions of this
Agreement, such purported transfer shall, to the extent permitted by applicable law, be void and of no effect. 
 7. Escrow and Delivery of Shares.

 (a) Certificates (or an electronic “book entry” on the books of the Company’s stock transfer agent) representing the shares
of Restricted Stock shall be issued and held by the Company (or its stock transfer agent) in escrow (together with any stock transfer powers which the Company may request of Grantee) and shall remain in the custody of the Company (or its stock
transfer agent) until 

  

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(i) their delivery to the Grantee as set forth in Section 7(b), or (ii) their forfeiture and transfer to the Company as set forth in
Section 3(b). The appointment of an independent escrow agent shall not be required. 
 (b) Certificates (or an electronic “book
entry”) representing those shares of Restricted Stock in respect of which the Transfer Restrictions have lapsed shall be delivered to the Grantee as soon as practicable following the Vesting Date. 
 (c) The Grantee, or the executors or administrators of the Grantee’s estate, as the case may be, may receive, hold, sell or otherwise dispose of
those shares of Restricted Stock delivered to him or her pursuant to Sections 7(b) free and clear of the Transfer Restrictions, but subject to compliance with all federal and state securities laws. 
 (d) Each stock certificate issued pursuant to Section 7(a) shall bear a legend in substantially the following form: 
 THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS APPLICABLE TO RESTRICTED STOCK CONTAINED IN A
RESTRICTED STOCK AGREEMENT (THE “AGREEMENT”) BETWEEN THE COMPANY AND THE REGISTERED OWNER OF THE SHARES REPRESENTED HEREBY. RELEASE FROM SUCH TERMS AND CONDITIONS SHALL BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT,
COPIES OF WHICH ARE ON FILE IN THE OFFICE OF THE SECRETARY OF THE COMPANY. 
 (e) As soon as practicable following a Vesting Date, the
Company shall issue a new certificate (or electronic “book entry”) for shares of the Restricted Stock which have become non-forfeitable in relation to such Vesting Date, which new certificate (or electronic “book entry”) shall
not bear the legend set forth in Section 7(d) and shall be delivered in accordance with Sections 7(b). 
 8. Dividends. All dividends declared
and paid by the Company on shares underlying the Restricted Stock Award shall be deferred until the lapsing of the Transfer Restrictions and shall be distributed only to the extent the underlying shares of Restricted Stock vest and are distributed
in accordance with Section 3 and Section 7. The deferred dividends shall be held by the Company for the account of the Grantee until the Vesting Date, at which time the dividends, with no interest thereon, shall be paid to the Grantee or
her/his estate, as the case may be. Upon the forfeiture of the shares of Restricted Stock pursuant to Section 3, any deferred dividends shall also be forfeited to the Company. 
 9. Change in Capital Structure. In the event of any change in the common stock of the Company by reason of any stock dividend, split, combination of shares, exchange of shares, warrants or rights offering to
purchase common stock at a price below its fair market value, reclassification, recapitalization, merger, consolidation or other change in capitalization, appropriate adjustment shall be made by the Company in the number and kind of shares subject
to the Restricted Stock Award, whose determination shall be binding and conclusive on all persons. 
  

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 10. No Right to Continued Service. Nothing in this Agreement shall be interpreted or construed to confer upon the
Grantee any right to serve on the Board for any period of time, nor shall this Agreement interfere in any way with the right of the Company to terminate the Grantee’s service to the Company at any time. 
 11. Taxes. No income will be recognized by the Grantee at the time of issuance of Restricted Shares, unless an election under Internal Revenue Code
Section 83(b) is made by the Grantee. 
 12. Interpretation; Modification of Agreement. This Agreement shall be administered by the Board which
shall have full authority to construe and interpret this Agreement, to modify, amend, suspend or terminate this Agreement, except to the extent that such actions would adversely affect the rights of Grantee under this Agreement. 
 13. Severability. Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining
provisions of this Agreement shall not be affected by such holding and shall continue in full force and effect in accordance with their terms. 
 14.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 
 15. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of New York without regard to its conflict of laws principle.

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 IN WITNESS WHEREOF, the Company and the Grantee have each caused this Agreement to be duly executed as of
the day and year first written above. 
  

			
	INTCOMEX, INC.
		
	By:	 	  

	Name:	 	Michael Shalom
	Title:	 	President
	
	GRANTEE:
		
	By:	 	  

	Name:	 	Carol Miltner

  

 5Exhibit 10.1

 Exhibit 10.1 
 AMENDMENT NO. 1 TO 
 AGREEMENT 
 This Amendment No. 1 to Agreement, effective as of April 15, 2008 (the “Amendment”), between LCI Holding Company, Inc. (the “Company”), a Delaware corporation, LifeCare Holdings, Inc., a
Delaware corporation (the “Principal Subsidiary”) with its principal place of business at 5560 Tennyson Parkway, Plano, TX 75024, and Wayne McAlister, of Dallas, Texas (the “Executive”), amends the Agreement between the parties
dated as of January 14th, 2008 (the “Employment Agreement”). Capitalized terms used but not defined herein shall have the meanings set forth in the Employment Agreement. 
 WHEREAS, the Company and Employee wish to amend the terms of the Employment Agreement in connection with the continuation of their employment
relationship; 
 WHEREAS, the Company has determined that it is in the best interests of the Company, its subsidiaries, and its stockholders
to enter into this Amendment; and 
 WHEREAS, the Company wishes to assure itself of the continued services of the Executive, and the
Executive is willing to be so employed by the Company, upon the terms and conditions provided in the Employment Agreement, as amended by this Amendment. 
 NOW THEREFORE, in consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth in this Amendment, the parties hereby agree: 
 1. Each of the fourth paragraph of the Employment Agreement and Section 3(a) is hereby modified by deleting the words “President and Chief
Executive Officer” and replacing them with the words “Chairman and Chief Executive Officer”. 
 2. Section 4(b) is hereby
deleted in its entirety and replaced with the following: “Incentive and Bonus Compensation. During each fiscal year completed during the term hereof, the Executive shall be eligible to earn an annual bonus (the “Annual Bonus”).
The amount of any Annual Bonus earned hereunder shall be determined by the Board based on the achievement of performance objectives by the Executive and/or the Company for that year, as established by the Board after consultation with the Executive
and shall be payable not later than two and one half months following the end of the fiscal year for which the bonus was earned. The target amount of the Annual Bonus is 60% of Base Salary and the maximum amount of the Annual Bonus is 100% of Base
Salary. Any compensation paid to the Executive as an Annual Bonus shall be in addition to the Base Salary, but shall be in lieu of participation in any other plan or compensation program, whether cash or equity, that is intended to offer the
opportunity for any incentive, bonus or commission compensation, but excluding for the avoidance of doubt the Executive’s equity participation in accordance with Section 4(c) hereof.” 
 3. Exhibit A is hereby deleted in its entirety. 
 4. The following sentence is hereby added to the end of Section 4(f): “Any such reimbursement that would constitute nonqualified deferred compensation subject to Code Section 409A shall be made, if at
all, not later than the end of the calendar year following the calendar year in which the expense was incurred.” 
  

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 5. The seventh sentence of Section 5(b)(i) is hereby deleted in its entirety and replaced with the
following: “Except for the payment of Final Compensation, any obligation of the Company to the Executive hereunder, however, is conditioned upon the Executive signing a timely and effective Employee Release following termination of the
Executive’s employment hereunder and by the deadline specified therein, and returning it to the Company within thirty (30) calendar days of the date of termination of employment.” 
 6. The penultimate sentence of Section 5(d) is hereby deleted in its entirety and replaced with the following: “In the event of termination
hereunder, payment by the Company of any amounts that may be due the Executive under this Section 5(d) shall constitute the entire obligation of the Company to the Executive and, except for Final Compensation, any obligation of the Company to
the Executive hereunder is conditioned upon the Executive signing a timely and effective Employee Release following termination of the Executive’s employment hereunder and by the deadline specified therein and returning it to the Company within
thirty (30) calendar days of the date of termination of employment.” 
 7. Section 5(e)(i) is hereby deleted in its entirety
and replaced with the following: “material diminution, without his consent (not to be unreasonably withheld), in the nature or scope of the Executive’s responsibilities, duties or authority attendant to the Executive’s position
(including failure of the Company to continue the Executive in the position of Chairman and Chief Executive Officer and failure of the shareholders of the Company to elect at each appropriate Annual Meeting of such shareholders during the term
hereof the Executive as a member of the Board, provided that the Executive is otherwise eligible for such election); provided, however, that the Company’s failure to continue the Executive’s appointment or election as a director or officer
of any of its subsidiaries, a change in reporting relationships resulting from a Change of Control, any diminution of the business of the Company or any of its subsidiaries, any sale or transfer of equity, property or other assets of the Company or
any of its subsidiaries or, during the first twelve months following a Change of Control, any diminution in Executive’s title or duties, including but not limited to a change in reporting relationships or a failure to elect Executive as a
member of the Board, shall not constitute “Good Reason”; or” 
 8. The last sentence of Section 5(e) is hereby deleted in
its entirety and replaced with the following: “In the event of termination hereunder, payment by the Company of any amounts that may be due the Executive under this Section 5(e) shall constitute the entire obligation of the Company to the
Executive and, except for Final Compensation, any obligation of the Company to the Executive hereunder is conditioned upon the Executive signing a timely and effective Employee Release following termination of the Executive’s employment
hereunder and by the deadline specified therein and returning it to the Company within thirty (30) calendar days of the date of termination of employment.” 
 9. The last sentence of Section 5(g)(i) is hereby deleted in its entirety and replaced with the following: “In the event of termination hereunder, payment by the Company of any amounts that may be due the
Executive under this Section 5(g) shall constitute the entire 

  

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obligation of the Company to the Executive and, except for Final Compensation, any obligation of the Company to the Executive hereunder is conditioned upon
the Executive signing a timely and effective Employee Release following termination of the Executive’s employment hereunder and by the deadline specified therein and returning it to the Company within thirty (30) calendar days of the date
of termination of employment.” 
 10. The following is hereby added after the first sentence of Section 27: “For purposes of
Code Section 409A, all references herein to termination of employment or similar terms, when used in a context that bears upon the payment or timing of payment of any amounts or benefits that constitute or could constitute “nonqualified
deferred compensation” within the meaning of Code Section 409A, shall be construed to require a “separation from service” (as that term is defined in Treasury Regulation Section 1.409A-1(h)) from the Company and from all
other corporations and trades or businesses, if any, that would be treated as a single “service recipient” with the Company under Treasury Regulation Section 1.409A-1(h)(3). The Company may, but need not, elect in writing, subject to
the applicable limitations under Code Section 409A, any of the special elective rules prescribed in Treasury Regulation Section 1.409A-1(h) for purposes of determining whether a “separation from service” has occurred. Any such
written election shall be deemed part of this Agreement. In addition, each payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to
a series of separate payments. In no event may the Executive, directly or indirectly, designate the calendar year of payment.” 
 11.
The Employment Agreement as amended by this Amendment (as so amended, the “Amended Employment Agreement”) is confirmed as being in full force and effect. The Amended Employment Agreement constitutes the entire understanding of the parties
with respect to the subject matter hereof and thereof and supersedes all prior and current understandings and agreements, whether written or oral. This Amendment may be executed in any number of counterparts, which together shall constitute one
instrument, and shall bind and inure to the benefit of the parties and their respective successors, executors, administrators, heirs and permitted assigns. The Amended Employment Agreement is a Texas contract and shall be construed and enforced
under and be governed in all respects by the laws of the State of Texas, without regard to the conflict of laws principles thereof. 
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 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by the Company, by its duly
authorized representative, and by the Executive, as of the date first above written. 
  

							
	THE EXECUTIVE:	 		 	LCI HOLDING COMPANY, INC.
				
	 /s/ G. Wayne McAlister
	 		 	By:	 	 /s/ William Hamburg

	Wayne McAlister	 		 	Name:	 	William Hamburg
		 		 	Title:	 	
			
		 		 	LIFECARE HOLDINGS, INC.
				
		 		 	By:	 	 /s/ William Hamburg

		 		 	Name:	 	William Hamburg
		 		 	Title:

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