Document:

Amended and Restated Credit Agreement

 Exhibit 10.1 
  
 AMENDMENT NO. 7 
  
 Dated as of September 21, 2005 
  
 to 
  
 AMENDED AND RESTATED CREDIT AGREEMENT 
  
 Dated as of July 9, 2002 
  
 THIS AMENDMENT NO. 7 (this “Amendment”) is entered into as of September 21, 2005 by and among SYNNEX CORPORATION (formerly known as SYNNEX Information Technologies, Inc.), a Delaware corporation (the
“Borrower”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GE Capital”), as a Lender and in its capacity as the contractual representative for itself and the Lenders (the “Agent”),
and BANK OF AMERICA, N.A., as a Lender (“Bank of America”). Capitalized terms used in this Amendment which are not otherwise defined herein, shall have the meanings given such terms in the Credit Agreement (as defined below).

  
 RECITALS: 
  
 WHEREAS, the Borrower, the Lenders and the Agent are parties to that certain
Amended and Restated Credit Agreement dated as of July 9, 2002 (as amended by that certain Amendment No. 1, dated October 17, 2002, that certain Amendment No. 2, dated May 15, 2003, that certain Amendment No. 3, dated June 30, 2003, that certain
Amendment No. 4, dated September 5, 2003, that certain Amendment No. 5, dated December 30, 2003, and that certain Amendment No. 6, dated as of September 17, 2004, the “Credit Agreement”); and 
  
 WHEREAS, the parties hereto have agreed to amend the Credit Agreement on the
terms and conditions set forth herein; 
  
 NOW, THEREFORE, in
consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Agent hereby agree
as follows. 
  
 1. Amendment to the Credit
Agreement. As of the Effective Date (as hereafter defined) and subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
  
 1.1. Section 4.1 is hereby amended by amending Annex E to the
Credit Agreement by deleting Paragraph 2 thereof in its entirety and replacing it with the following: “Intentionally Omitted”. 

 1.2. Clause (c) of Section 6.15 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
  
 “(c) the Borrower may (i)
repurchase shares of its common stock or options for such shares or (ii) declare and pay dividends on its capital stock in cash, provided, in each case, that (1) the daily average of the Net Liquidity Availability for the 90-day period
immediately preceding the date of such repurchase or dividend shall be at least $20,000,000, (2) no Event of Default shall have occurred and be continuing as of the date of such repurchase or dividend (both before and after giving effect thereto),
(3) except as provided in clause (4) below, the aggregate amount of such repurchases and dividends shall not exceed $5,000,000 in any twelve-month period, and (4) in addition to the repurchases permitted under the foregoing clause (3),
the Borrower may repurchase additional shares of its common stock or options for such shares at any time between September 1, 2005 and November 30, 2006 in an aggregate amount not to exceed $20,000,000; and” 
  
 2. Conditions of Effectiveness of this Amendment. This
Amendment shall become effective as of the date hereof (the “Effective Date”) when, and only when, the Agent shall have received each of the following: 
  
 (a) counterparts of this Amendment duly executed by the Borrower and the Requisite Lenders; and 
  
 (b) a Consent in the form attached hereto executed by each of ComputerLand
Corporation and MiTAC Industrial Corp. 
  
 3.
Representations and Warranties of the Borrower. 
  
 3.1. Upon the effectiveness of this Amendment pursuant to Section 2 hereof, the Borrower hereby reaffirms in all material respects all covenants, representations and warranties made in the Credit Agreement to the extent the
same are not amended hereby and except to the extent the same expressly relates solely to an earlier date and agrees that all such covenants, representations and warranties shall be deemed to have been re-made as of the Effective Date of this
Amendment and that, as of the Effective Date of this Amendment and after giving effect hereto, no Default or Event of Default has occurred and is continuing. 
  
 3.2. The Borrower hereby represents and warrants that this Amendment and the Credit Agreement, as amended hereby, constitute legal, valid and
binding obligations of the Borrower and are enforceable against the Borrower in accordance with their terms. 
  
 4. Reference to and Effect on the Credit Agreement. 
  
 4.1. Upon the effectiveness of this Amendment pursuant to Section 2 hereof, on and after the date hereof, each
reference to the Credit Agreement in any of the Loan Documents shall mean and be a reference to the Credit Agreement as amended hereby. 
  
 4.2. Except as specifically set forth above, the Credit Agreement, and all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. 
  

 2 

 4.3. The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the Agent or any Lender, nor constitute a waiver of any provision of the Credit Agreement, or any other documents, instruments and agreements executed and/or delivered in
connection therewith. 
  
 5. Headings. Section
headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
  
 6. Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts and
all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this Amendment. 
  
 7. Entire
Agreement. This Amendment, taken together with the Credit Agreement and all of the other Loan Documents, embodies the entire agreement and understanding of the parties hereto and supersedes all prior agreements and understandings, written
and oral, relating to the subject matter hereof. 
  
 8.
Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and performed in such State and any applicable laws of the United States of America.

  
 9. No Course of Dealing. The Lenders have
entered into this Amendment on the express understanding with the Borrower that in entering into this Amendment the Lenders are not establishing any course of dealing with the Borrower. The Agent’s and the Lenders’ rights to require strict
performance with all the terms and conditions of the Credit Agreement as amended by this Amendment and the other Loan Documents shall not in any way be impaired by the execution of this Amendment. Neither the Agent nor any Lender shall be obligated
in any manner to execute any further amendments or waivers, and if such waivers or amendments are requested in the future, assuming the terms and conditions thereof are acceptable to them, the Agent and the Lenders may require the payment of fees in
connection therewith. 
  
 10. Release. To induce the
Agent and Lenders to enter into this Amendment, the Borrower acknowledges and agrees that it has no actual or potential claim or cause of action against the Agent or Lenders relating to any Loan Documents or any actions or events occurring on or
before the date hereof. The Borrower waives and releases any right to assert same. 
  
 [Signature Page Follows] 
  

 3 

 IN WITNESS WHEREOF, this Amendment No. 7 has been duly executed as of the day and year first above
written. 
  

			
	SYNNEX CORPORATION (formerly known as
SYNNEX Information Technologies, Inc.), as the
Borrower
		
	By:	 	 /s/ Dennis Polk

	Name:	 	Dennis Polk
	Title:	 	SVP Corporate Finance and Chief Financial Officer
	
	GENERAL ELECTRIC CAPITAL CORPORATION, as Agent and as a Lender
		
	By:	 	 /s/ Eugene Seip

	Name:	 	Eugene Seip
	Title:	 	Duly Authorized Signatory
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ John McNamara

	Name:	 	John McNamara
	Title:	 	Vice President

  

 Amendment No. 7 
 to 
 Amended and Restated Credit Agreement 

 CONSENT 
  
 Each of the undersigned, as Guarantor under a Subsidiary Guaranty executed in favor of the Agent in connection with the Amended and Restated Credit
Agreement referred to in Amendment No. 7 to Amended and Restated Credit Agreement (as the same may have been or be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) and/or as Grantor under a
Subsidiary Security Agreement executed in favor of the Agent in connection with the Amended and Restated Credit Agreement referred to in such Amendment (as the same may have been or be amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”), hereby consents to such Amendment and confirms and agrees that (i) the Guaranty and the Security Agreement are, and shall continue to be, in full force and effect and are hereby ratified and
confirmed in all respects, and (ii) the Security Agreement and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations. 
  

			
	COMPUTERLAND CORPORATION
		
	By:	 	 /s/ Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary
	
	MiTAC INDUSTRIAL CORP.
		
	By:	 	 /s/ Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate SecretaryAmended and Restated Receivables Transfer Agreement

 Exhibit 10.2 
  
 AMENDMENT NO. 4 
  
 Dated as of September 21, 2005 
  
 to 
  
 AMENDED AND RESTATED RECEIVABLES PURCHASE AND SERVICING AGREEMENT 
  
 and 
  
 AMENDED AND RESTATED RECEIVABLES TRANSFER AGREEMENT 
  
 Dated as of August 30, 2002 
  
 THIS AMENDMENT NO. 4 (this “Amendment”) is entered into as of September 21, 2005 by and among SYNNEX CORPORATION (f/k/a SYNNEX Information Technologies, Inc.), a Delaware corporation
(“Synnex” or the “Originator”), SIT FUNDING CORPORATION, a Delaware corporation (“SFC”), MANHATTAN ASSET FUNDING COMPANY LLC (“Manhattan Asset Funding”), as a Conduit Purchaser,
SUMITOMO MITSUI BANKING CORPORATION (“Sumitomo”), as a Committed Purchaser, SMBC SECURITIES, INC. (“SMBC”), as a Purchaser Agent, and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GE
Capital”), in its capacities as a committed purchaser and as administrative agent (in such capacity, the “Administrative Agent”) under the Receivables Purchase and Servicing Agreement referred to below. Capitalized terms
used in this Amendment which are not otherwise defined herein shall have the meanings given such terms in Annex X to the Receivables Purchase and Servicing Agreement. 
  
 RECITALS: 
  
 WHEREAS, the Originator and SFC are parties to that certain Amended and Restated Receivables Transfer Agreement, dated as of August 30, 2002 (as amended
by that certain Amendment No. 1, dated June 30, 2003, that certain Amendment No. 2, dated December 30, 2003, and that certain Amendment No. 3, dated December 13, 2004, the “Receivables Transfer Agreement”); 
  
 WHEREAS, SFC, as seller, Synnex, as servicer (the
“Servicer”) and as Originator, the other Originators, GE Capital, as the Administrative Agent and as a Committed Purchaser, Manhattan Asset Funding as a Conduit Purchaser, Sumitomo as a Committed Purchaser and SMBC as a Purchaser
Agent are parties to that certain Amended and Restated Receivables Purchase and Servicing Agreement dated as of August 30, 2002 (as amended by that certain Amendment No. 1, dated June 30, 2003, that certain Amendment No. 2, dated December 30, 2003,
and that certain Amendment No. 3, dated December 13, 2004, the “Receivables Purchase and Servicing Agreement”); 
  
 WHEREAS, many of the defined terms used in the Receivables Transfer Agreement and the Receivables Purchase and Servicing Agreement are set forth in Annex
X attached thereto (“Annex X”); 

 WHEREAS, the parties hereto desire to amend the Receivables Purchase and Servicing Agreement on the terms
set forth herein; 
  
 NOW, THEREFORE, in consideration of the
premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Originator, SFC, Manhattan Asset Funding, Sumitomo, SMBC and GE Capital
hereby agree as follows. 
  
 Section 1. Amendment to
Receivables Purchase and Servicing Agreement. As of the Effective Date (as hereafter defined), and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Receivables Purchase and Servicing Agreement is
hereby amended as follows: 
  
 1.1 Section
5.02(a) is hereby amended by amending Annex 5.02(a) by deleting paragraph (d) in its entirety and replacing it with the following: “Intentionally Omitted”. 
  
 Section 2. Amendment to Receivables Transfer Agreement. As of the Effective Date, and subject to the satisfaction of
the conditions precedent set forth in Section 3 hereof, the Receivables Transfer Agreement is hereby amended as follows: 
  
 2.1 Section 5.02(a) is hereby amended by amending Annex 5.02(a) by deleting paragraph (d) in its entirety and replacing it with the
following: “Intentionally Omitted”. 
  
 Section 3.
Conditions of Effectiveness of this Amendment. This Amendment shall become effective as of the date hereof (the “Effective Date”) when, and only when: 
  
 3.1 the Administrative Agent shall have received counterparts of this Amendment duly executed by each of the
parties hereto; and 
  
 3.2 Each of the following
conditions shall have been satisfied: 
  
 (a)
each representation and warranty by SFC contained in the Receivables Transfer Agreement, the Receivables Purchase and Servicing Agreement (as amended hereby) and in each other Related Document shall be true and correct as of the date hereof, except
to the extent that such representation or warranty expressly relates solely to an earlier date; 
  
 (b) no Incipient Termination Event or Termination Event hereunder or any “Event of Default” under (and as defined in) the Credit
Agreement (as in effect on the date hereof) shall have occurred and be continuing or would result after giving effect to any of the transactions contemplated on the date hereof; and 
  
 (c) as of the date hereof, there has been (i) since May 31, 2005, no material adverse change (x) in the
business, financial or other condition or prospects of Synnex and its Subsidiaries, taken as a whole, (y) in the Transferred 
  

 2 

 Receivables, taken as a whole, or (z) in the financial condition or prospects of SFC, (ii) no litigation
commenced which could reasonably be expected to have a material adverse impact on Synnex and its Subsidiaries, taken as a whole, or which would challenge the transactions contemplated herein and in the Related Documents, and (iii) since May 31,
2005, no material increase in the liabilities (liquidated or contingent) of Synnex and its Subsidiaries, taken as a whole, or material decrease in the assets of Synnex and the Subsidiary Originators, taken as a whole. 
  
 Section 4. Representations and Warranties. Each of the Originator and
SFC hereby represents and warrants that this Amendment and each of the Receivables Transfer Agreement and the Receivables Purchase and Servicing Agreement, as amended hereby, constitute legal, valid and binding obligations of such Person and are
enforceable against such Person in accordance with their respective terms. 
  
 Section 5. Reference to and Effect on Related Documents. 
  
 5.1 Upon the effectiveness of this Amendment pursuant to Section 3 hereof, on and after the Effective Date, each reference to the
Receivables Purchase and Servicing Agreement in any of the Related Documents shall mean and be a reference to the Receivables Purchase and Servicing Agreement as amended hereby. 
  
 5.2 Except as specifically set forth above, the Receivables Transfer Agreement and the Receivables Purchase
and Servicing Agreement, and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. 
  
 5.3 The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of SFC, Administrative Agent, Committed Purchasers, Conduit Purchaser or Purchaser Agent nor constitute a waiver of any provision of any of
the Related Documents, or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
  
 Section 6. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of
this Amendment for any other purpose. 
  
 Section 7.
Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

  
 Section 8. Entire Agreement. This Amendment, taken
together with the Receivables Transfer Agreement, the Receivables Purchase and Servicing Agreement and all of the other Related Documents, embodies the entire agreement and understanding of the parties hereto and supersedes all prior agreements and
understandings, written and oral, relating to the subject matter hereof. 
  

 3 

 Section 9. Governing Law. This Amendment shall be governed by and construed in accordance with the
laws of the State of New York applicable to contracts made and performed in such State and any applicable laws of the United States of America. 
  
 Section 10. No Course of Dealing. Administrative Agent, Committed Purchasers, Conduit Purchaser and Purchaser Agent have entered into this
Amendment on the express understanding with SFC and the Originator that in entering into this Amendment, it is not establishing any course of dealing with SFC or the Originator. The rights of Administrative Agent, Committed Purchasers, Conduit
Purchaser and Purchaser Agent to require strict performance with all the terms and conditions of the Receivables Transfer Agreement and the Receivables Purchase and Servicing Agreement as amended by this Amendment and the other Related Documents
shall not in any way be impaired by the execution of this Amendment. None of the Administrative Agent, Committed Purchasers, Conduit Purchaser and Purchaser Agent (collectively, the “Purchaser Parties”) shall be obligated in any
manner to execute any further amendments or waivers, and if such waivers or amendments are requested in the future, assuming the terms and conditions thereof are acceptable to them, each such Person may require the payment of fees in connection
therewith. 
  
 Section 11. Waiver of Claims. In
consideration for the execution by the Purchaser Parties of this Amendment, each of the Seller, SFC and the Originator hereby waives each and every claim, defense, demand, action and suit of any kind or nature whatsoever against the Purchaser
Parties and each other Affected Party arising on or prior to the date hereof in connection with the Receivables Purchase and Servicing Agreement, any of the Related Documents and the transactions contemplated thereby. 
  
 [Remainder of page intentionally left blank.] 
  

 4 

 IN WITNESS WHEREOF, this Amendment No. 4 has been duly executed as of the day and year first above
written. 
  

			
	SYNNEX CORPORATION (f/k/a SYNNEX
Information Technologies, Inc.), as an Originator and
the Servicer
		
	By:	 	 /s/ Dennis Polk

	Name:	 	Dennis Polk
	Title:	 	SVP Corporate Finance and
	 	 	Chief Financial Officer
	
	SIT FUNDING CORPORATION
		
	By:	 	 /s/ Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary

  
 Signature Page

 to 
 Amendment No. 4 

			
	GENERAL ELECTRIC CAPITAL
CORPORATION, as a Committed Purchaser and as
Administrative Agent
		
	By:	 	 /s/ Eugene Seip

	Name:	 	Eugene Seip
	Title:	 	Duly Authorized Signatory

  
 Signature Page

 to 
 Amendment No. 4 

			
	MANHATTAN ASSET FUNDING COMPANY
LLC, as a Conduit Purchaser
		
	By:	 	MAF Receivables, Corp., its sole member
		
	By:	 	 /s/ Jill A. Gordon

	Name:	 	Jill A. Gordon
	Title:	 	Vice President
	
	 SUMITOMO MITSUI BANKING
 CORPORATION, as a
Committed Purchaser

		
	By:	 	 /s/ Tomoaki Nakamura

	Name:	 	Tomoaki Nakamura
	Title:	 	Senior Vice President
	
	SMBC SECURITIES, INC., as a Purchaser Agent
		
	By:	 	 /s/ Kenichi Morooka

	Name:	 	Kenichi Morooka
	Title:	 	President

  
 Signature Page

 to 
 Amendment No. 4

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