Document:

Amended and Restated Employment Agreement

 Exhibit 10.14 
  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
  
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this first day of May,
2005, as an amendment and restatement of the Employment Agreement originally dated as of October 18, 2002, by and between ScanSource, Inc., a South Carolina corporation (hereinafter, the “Company”), and Steven H. Owings (hereinafter,
“Executive”), to be effective as of the Effective Date, as defined in Section 1. 
  
 BACKGROUND 
  
 Executive
currently serves as the Chairman of the Company. Executive and the Company desire to reduce Executive’s overall time commitment in such capacity with an appropriate adjustment in his compensation, in accordance with the terms and conditions of
this Agreement. 
  
 NOW THEREFORE, in consideration of the
foregoing and of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Effective Date. This Agreement is effective as of May 1, 2005 (the
“Effective Date”). 
  
 2. Employment. Executive
is hereby employed on the Effective Date as the Chairman of the Company. In his capacity as Chairman, Executive shall have the responsibilities commensurate with such position as shall be assigned to him by the Board of Directors of the Company,
which shall be consistent with the responsibilities of similarly situated executives of comparable companies in similar lines of business. In his capacity as Chairman of the Company, Executive will report directly to the Board of Directors.

  
 3. Employment Period. Unless earlier terminated herein
in accordance with Section 6 hereof, Executive’s employment shall be for a term (the “Employment Period”), beginning on the Effective Date and ending on April 30, 2008. Provided, however, that if a Change in Control, as defined in
Exhibit A hereto occurs during the Employment Period, the ending date of the Employment Period shall be extended so that it expires on the later of April 30, 2008 or the first anniversary of the date on which the Change in Control initially
occurred. 
  
 4. 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 up to 30 hours per week of his business time, attention, skill and efforts to the faithful performance of his duties hereunder.
The parties acknowledge and agree that this represents a reduction in Executive’s former full-time position. It shall not be a violation of this Agreement for Executive to carry on other activities of any kind, so long as such activities do not
interfere with the performance of Executive’s responsibilities under this Agreement or violate the terms of this Agreement, including without limitation Section 12 hereof. 

 5. Compensation and Benefits. 
  
 (a) Base Salary. During the Employment Period, the Company will pay to Executive base salary at the rate specified on
Exhibit A to this Agreement (“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 of Directors of the Company shall review Executive’s Base Salary annually and in its sole discretion, subject to approval of the Board of Directors of the Company, may adjust Executive’s Base Salary from year to year; provided,
however, that Executive’s Base Salary shall not be reduced otherwise than commensurate with an across-the-board base salary rate reduction similarly affecting all senior executive officers of the Company (“Peer Executives”). The
annual review of Executive’s salary by the Board will consider, among other things, Executive’s own performance and the Company’s performance. 
  
 (b) Incentive, Deferred Compensation, Savings and Retirement Plans; Annual Bonus. During the Employment Period, Executive shall be entitled to
participate in all incentive, deferred compensation, savings and retirement plans, practices, policies and programs applicable generally to Peer Executives. Without limiting the foregoing, during the Employment Period, Executive will be eligible to
receive an annual bonus, based on performance criteria established from year to year by the Compensation Committee of the Board of Directors of the Company, as specified on Exhibit A to this Agreement. Without limiting the foregoing, Executive shall
be entitled to participate in one or more supplemental executive retirement plans or policies which may be established by the Company (“Executive Retirement Benefit”). 
  
 (c) Welfare Benefit Plans. During the Employment Period, Executive and Executive’s eligible dependents shall be
eligible for participation in the welfare benefit plans, practices, policies and programs provided by the Company (including, without limitation, medical, prescription, dental, disability, employee life, group life, accidental death and travel
accident insurance plans and programs) (“Welfare Plans”) to the extent applicable generally to Peer Executives. 
  
 (d) Expenses. During the Employment Period, Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by
Executive in accordance with the policies, practices and procedures of the Company to the extent applicable generally to Peer Executives. 
  
 (e) Fringe Benefits. During the Employment Period, Executive shall be entitled to fringe benefits in accordance with the plans, practices, programs
and policies of the Company in effect for Peer Executives. 
  
 (f)
Vacation. During each calendar year during the Employment Period, Executive will be entitled to the number of days of paid vacation specified on Exhibit A to this Agreement. Executive may take such vacation days at the time or times Executive
reasonably requests, subject to the prior approval of the person specified on Exhibit A to this Agreement. Vacation time will not accrue from year to year, unless vacation is not taken by Executive at the request of the Board of Directors.

  

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 6. Termination of Employment. 
  
 (a) Death, Retirement or Disability. Executive’s employment shall terminate automatically upon Executive’s
death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan,
“Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred 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. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of
such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this
Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability
plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and
responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of
Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing
such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason 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” shall mean: 
  
 (i) the willful failure of Executive to perform substantially Executive’s duties with the Company (other than any such failure resulting from
incapacity due to physical or mental illness, and specifically excluding any failure by Executive, after reasonable efforts, to meet performance expectations), after a written demand for substantial performance is delivered to Executive by the Board
of Directors of the Company or the Chairman of the Board which specifically identifies the manner in which the Board or the Chairman believes that Executive has not substantially performed Executive’s duties, or 
  
 (ii) the willful engaging by Executive in unethical or illegal conduct or
gross misconduct which is materially injurious to the Company, whether financially or otherwise. 
  

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 (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” shall mean: 
  
 (i) without the consent of Executive, the assignment to Executive of any duties materially inconsistent with Executive’s position (including status, offices, titles, and reporting requirements), authority,
duties, or responsibilities as in effect on the Effective Date, excluding for this purpose an isolated, insubstantial, and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given
by Executive; 
  
 (ii) a reduction by the Company in
Executive’s Base Salary as in effect on the Effective Date or as the same may be increased from time to time; 
  
 (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 compensation, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to such plan, or (b) to continue Executive’s participation therein (or in such
substitute or alternative plan) on a basis not materially less favorable in terms of the amount of benefits; provided, however, the Company’s modification or termination of its deferred compensation plan as in effect on the Effective Date shall
not constitute Good Reason; 
  
 (iv) the Company’s requiring
Executive, without his consent, to be based at any office or location other than in Greenville County, South Carolina; 
  
 (v) any failure by the Company to comply with and satisfy Section 14(c) of this Agreement; 
  
 (vi) the material breach of this Agreement by the Company; or 
  
 (vii) if no new employment agreement has been entered into by the Executive and the Company or its successor after or in
contemplation of a Change in Control, termination by Executive for any reason or no reason during the 60-day period beginning on the six-month anniversary of a Change in Control. 
  
 Good Reason shall not include Executive’s death or Disability. The Company shall have an opportunity to cure any
claimed event of Good Reason (other than under clauses (v) or (vii) above) within 30 days of notice from Executive and the Board’s good faith determination of cure shall be binding. The Company shall notify Executive of the timely cure of any
claimed event of Good Reason and the manner in which such cure was effected, and any Notice of Termination delivered by Executive based on such claimed Good Reason shall be deemed withdrawn and shall not be effective to terminate the Agreement.

  
 (d) Notice of Termination. Any termination of
Executive’s employment by the Company or by Executive shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 15(f) of this Agreement. For purposes of this 
  

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 Agreement, a “Notice of Termination” means a written notice which (i) indicates 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 provision 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 shall not waive any right of Executive or the Company, respectively, hereunder or preclude Executive or the Company, respectively, from asserting such fact or circumstance in enforcing Executive’s or the
Company’s rights hereunder. 
  
 (e) Date of
Termination. “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, as the case may be. 
  
 7. Obligations of the
Company upon Termination. 
  
 (a) Termination by Executive
for Good Reason; Termination by the Company Other Than for Cause or Disability. If, during the Employment Period, the Company shall terminate Executive’s employment other than for Cause or Disability, or Executive shall terminate employment
for Good Reason within a period of 90 days after the occurrence of the event giving rise to Good Reason, then and, with respect to the payments and benefits described in clauses (i)(B) and (ii) below, only if Executive executes a Release in
substantially the form of Exhibit B hereto (the “Release”): 
  
 (i) the Company shall pay to Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts: 
  
 A. the sum of (1) Executive’s Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x)
the annual bonus paid or payable, including any bonus or portion thereof which has been earned but deferred, for the most recently completed fiscal year during the Employment Period and (y) a fraction, the numerator of which is the number of days in
the current fiscal year through the Date of Termination, and the denominator of which is 365, and (3) unless Executive has elected a different payout date in a prior deferral election, any compensation previously deferred by Executive (together with
any accrued interest or earnings thereon) to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), and (3) shall be hereinafter referred to as the “Accrued Obligations”); and 
  
 B. the amount equal to a designated multiple (the
“Severance Multiple”) times the highest combined Base Salary and annual bonus earned by Executive from the Company, including any such amounts earned but deferred, in the last three full fiscal years prior to the Date of Termination. The
Severance Multiple shall be the greater of (a) one, (b) the number of full months remaining between the Date of Termination and 
  

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 April 30, 2008, divided by 12, or (c) three, if the Date of Termination occurs within 12 months after or
otherwise in contemplation of a Change in Control, as defined in Exhibit A hereto; and 
  
 (ii) for the period of time following the Date of Termination indicated in Exhibit A, the Company shall provide to Executive and/or Executive’s dependents medical, dental and prescription drug benefits at least
equal to those which would have been provided to them in accordance with the Welfare Plans described in Section 5(c) of this Agreement if Executive’s employment had not been terminated plus any extended coverage described in Exhibit A
(“Post-Termination Medical Benefits”) provided, however, that (i) if the Company determines in its sole discretion that the provision of such Post-Termination Medical Benefits under the Company’s plans and programs for active
employees would not be feasible, the Company may in its sole discretion substitute comparable coverage through the purchase of one or more fully-insured policies of insurance covering Executive and his dependents, and (ii) if Executive becomes
employed with another employer and is eligible to and does receive medical or other welfare benefits under another employer provided plan, the Post-Termination Medical Benefits described herein shall be secondary to those provided under such other
plan during such applicable period of eligibility; and 
  
 (iii)
to the extent not theretofore paid or provided, the Company shall timely pay or provide to Executive any other amounts or benefits required to be paid or provided or which Executive is eligible to receive under any plan, program, policy or practice
or contract or agreement of the Company, including without limitation the Executive Retirement Benefit to the extent applicable (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”). 
  
 (b) Death. If Executive’s employment is terminated by reason of
Executive’s death during the Employment Period, this Agreement shall terminate without further obligations to Executive’s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations, (ii) 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, and (iii) the timely
payment or provision of Other Benefits. Accrued Obligations shall be paid to Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the
term Other Benefits as used in this Section 7(b) shall include, without limitation, and Executive’s estate and/or beneficiaries shall 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. 
  
 (c) Disability. If Executive’s employment is terminated by reason of Executive’s Disability during the Employment Period, this Agreement shall terminate without further obligations to Executive, other
than for payment of Accrued Obligations, provision of Post- 
  

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 Termination Medical Benefits, and the timely payment or provision of Other Benefits. Accrued Obligations shall be paid to
Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(c) shall include, without limitation, and Executive shall 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. 
  
 (d) Retirement. If Executive’s employment is terminated by reason
of Executive’s Retirement during the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations, continuation of Post-Termination Medical Benefits, and the timely
payment or provision of Other Benefits. Accrued Obligations shall be paid to Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section
7(d) shall include, without limitation, and Executive shall 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. 
  
 (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
shall terminate without further obligations to Executive, other than for payment of Accrued Obligations (excluding the pro-rata bonus described in clause 2 of Section 7(a)(i)(A)), and the timely payment or provision of Other Benefits. 
  
 (f) Normal Expiration of Employment Period. If Executive’s
employment is terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other
Benefits. 
  
 8. Non-exclusivity of Rights. Nothing in this
Agreement shall prevent or limit 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 15(d), shall anything herein limit or
otherwise affect such rights as 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 or program of or any contract
or agreement with the Company at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program or contract or agreement except as explicitly modified by this Agreement. 
  
 9. Mandatory Reduction of Payments in Certain Events. 
  
 (a) Anything in this Agreement to the contrary notwithstanding, in the event
it shall be 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 
  

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 Agreement or otherwise) (a “Payment”) would be subject to the excise tax (the “Excise Tax”) imposed
by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), then, prior to the making of any Payment to Executive, a calculation shall 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 shall be limited to the extent necessary to avoid being subject to the Excise Tax (the “Reduced Amount”). In that event, Executive shall direct which Payments are to be modified or reduced. 
  
 (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 Section 9(a)(i) and (ii) above shall 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 shall provide detailed supporting calculations. Any determination by the Accounting Firm shall be binding upon the Company and Executive. As a result
of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Payments which Executive was entitled to, but did not receive pursuant to Section 9(a),
could have been made without the imposition of the Excise Tax (“Underpayment”). In such event, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the
Company to or for the benefit of Executive. 
  
 (c) In the event
that the provisions of Code Section 280G and 4999 or any successor provisions are repealed without succession, this Section 9 shall be of no further force or effect. 
  
 10. Costs of Enforcement. Subject to Section 9(b), each party hereto shall pay its own costs and expenses incurred in
enforcing or establishing its rights hereunder, including, without limitation, attorneys’ fees, whether the suit be brought or not, and whether or not incurred in trial, bankruptcy, or appellate proceedings. 
  
 11. Representations and Warranties. Executive hereby represents and
warrants to the Company that Executive is not a party to, or otherwise subject to, any covenant not to compete with any person or entity, and Executive’s execution of this Agreement and performance of his obligations hereunder will not violate
the terms or conditions of any contract or obligation, written or oral, between Executive and any other person or entity. 
  
 12. Restrictions on Conduct of Executive. 
  
 (a) General. Executive and the Company understand and agree that the purpose of the provisions of this Section 12 is to protect legitimate business
interests of the Company, as more fully described below, and is not intended to eliminate Executive’s post-employment competition with the Company per se, nor is it intended to impair or infringe upon Executive’s right to work, earn
a living, or acquire and possess property from the fruits of his labor. Executive hereby acknowledges that Executive has received good and valuable consideration for 
  

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 the post-employment restrictions set forth in this Section 12 in the form of compensation and benefits provided herein
and the grant of stock options from time to time by the Company. Executive hereby further acknowledges that the post-employment restrictions set forth in this Section 12 are reasonable and that they do not, and will not, unduly impair his ability to
earn a living after the termination of this Agreement. 
  
 In
addition, the parties acknowledge: (A) that Executive’s services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers,
advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that
the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the
repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s special experience and talent, the loss of Executive’s services to the Company
under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable
employment that does not violate the restrictions contained in this Agreement. 
  
 Therefore, subject to the limitations of reasonableness imposed by law, Executive shall be subject to the restrictions set forth in this Section 12. 
  
 (b) Definitions. The following capitalized terms used in this Section 12 shall have the meanings assigned to them
below, which definitions shall apply to both the singular and the plural forms of such terms: 
  
 “Competitive Position” means any employment with a Competitor in which Executive will use or is likely to use any Confidential
Information or Trade Secrets, or in which Executive has duties for such Competitor that involve Competitive Services and that are the same or similar to those services actually performed by Executive for the Company; 
  
 “Competitive Services” means the distribution of automatic
identification, bar-code, point of sale, or telephony products to resellers of such products, except such term shall not include distribution conducted by a Person whose principal business is the manufacture and sale of such products to resellers
and/or end users and which person does not normally act as a distributor of such products manufactured by others. 
  
 “Competitor” means any Person engaged, wholly or in material part, in Competitive Services. 
  
 “Confidential Information” means all information regarding
the Company, its activities, business or clients that is the subject of reasonable efforts by the Company to maintain its confidentiality and that is not generally disclosed by practice or authority to persons not 
  

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 employed by the Company, but that does not rise to the level of a Trade Secret. “Confidential Information”
shall include, but is not limited to, financial plans and data concerning the Company; management planning information; business plans; operational methods; market studies; marketing plans or strategies; product development techniques or plans;
customer lists; details of customer contracts; current and anticipated customer requirements; past, current and planned research and development; business acquisition plans; and new personnel acquisition plans. “Confidential Information”
shall not include information that has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the Company. This definition shall not limit any definition
of “confidential information” or any equivalent term under state or federal law. 
  
 “Determination Date” means the date of termination of Executive’s employment with the Company for any reason whatsoever or any earlier date (during the Employment Period) of an alleged breach of
the Restrictive Covenants by Executive. 
  
 “Person” means any individual or any corporation, partnership, joint venture, limited liability company, association or other entity or enterprise. 
  
 “Principal or Representative” means a principal, owner, partner, shareholder, joint venturer, investor,
member, trustee, director, officer, manager, employee, agent, representative or consultant. 
  
 “Protected Customers” means any Person to whom the Company has sold its products or services or solicited to sell its products or services during the twelve (12) months prior to the Determination
Date. 
  
 “Protected Employees” means employees
of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date. 
  
 “Restricted Period” means the Employment Period and a period extending two (2) years from the termination of Executive’s employment
with the Company. 
  
 “Restricted Territory”
means North America, Latin America and Europe. 
  
 “Restrictive Covenants” means the restrictive covenants contained in Section 12(c) hereof. 
  
 “Trade Secret” means all information, without regard to form, including, but not limited to, technical or nontechnical data, a formula,
a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, distribution lists or a list of actual or potential customers, advertisers or suppliers which is not commonly
known by or available to the public and which information: (A) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from
its disclosure or use; and (B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. 
  

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 Without limiting the foregoing, Trade Secret means any item of confidential information that constitutes a “trade
secret(s)” under the common law or statutory law of the State of South Carolina. 
  
 (c) Restrictive Covenants. 
  
 (i) Restriction on Disclosure and Use of Confidential Information and Trade Secrets. Executive understands and agrees that the Confidential Information and Trade Secrets constitute valuable assets of the Company and its affiliated
entities, and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that Executive shall not, directly or indirectly, at any time during the Restricted Period reveal, divulge, or disclose to any Person not expressly
authorized by the Company any Confidential Information, and Executive shall not, directly or indirectly, at any time during the Restricted Period use or make use of any Confidential Information in connection with any business activity other than
that of the Company. Throughout the term of this Agreement and at all times after the date that this Agreement terminates for any reason, Executive shall not directly or indirectly transmit or disclose any Trade Secret of the Company to any Person,
and shall not make use of any such Trade Secret, directly or indirectly, for himself or for others, without the prior written consent of the Company. The parties acknowledge and agree that this Agreement is not intended to, and does not, alter
either the Company’s rights or Executive’s obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices. 
  
 Anything herein to the contrary notwithstanding, Executive shall not be restricted from disclosing or using Confidential
Information that is required to be disclosed by law, court order or other legal process; provided, however, that in the event disclosure is required by law, Executive shall provide the Company with prompt notice of such requirement so that
the Company may seek an appropriate protective order prior to any such required disclosure by Executive. 
  
 (ii) Nonsolicitation of Protected Employees. Executive understands and agrees that the relationship between the Company and each of its Protected
Employees constitutes a valuable asset of the Company and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that during the Restricted Period Executive shall not directly or indirectly on Executive’s own
behalf or as a Principal or Representative of any Person or otherwise solicit or induce any Protected Employee to terminate his or her employment relationship with the Company or to enter into employment with any other Person. 
  
 (iii) Restriction on Relationships with Protected Customers.
Executive understands and agrees that the relationship between the Company and each of its Protected Customers constitutes a valuable asset of the Company and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees
that, during the Restricted Period, Executive shall not, without the prior written consent of the Company, directly or indirectly, on Executive’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or
attempt to solicit, divert or take away a Protected Customer for the purpose of providing or selling Competitive Services; provided, however, that the prohibition of this covenant shall apply only to 
  

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 Protected Customers with whom Executive had Material Contact on the Company’s behalf during the twelve (12) months
immediately preceding the termination of his employment hereunder. For purposes of this Agreement, Executive had “Material Contact” with a Protected Customer if (a) he had business dealings with the Protected Customer on the Company’s
behalf; (b) he was responsible for supervising or coordinating the dealings between the Company and the Protected Customer; or (c) he obtained Trade Secrets or Confidential Information about the customer as a result of his association with the
Company. 
  
 (iv) Noncompetition with the Company. In
consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or
indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement shall not be deemed to prohibit the ownership by Executive of any securities of
the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended. Executive acknowledges that
in the performance of his duties for the Company he is charged with operating on the Company’s behalf throughout the Restricted Territory and he hereby acknowledges, therefore, that the Restricted Territory is reasonable. 
  
 (d) Enforcement of Restrictive Covenants. 
  
 (i) Rights and Remedies Upon Breach. In the event Executive
breaches, or threatens to commit a breach of, any of the provisions of the Restrictive Covenants, the Company shall have the following rights and remedies, which shall be independent of any others and severally enforceable, and shall be in addition
to, and not in lieu of, any other rights and remedies available to the Company at law or in equity: 
  
 (A) the right and remedy to enjoin, preliminarily and permanently, Executive from violating or threatening to violate the Restrictive Covenants and to
have the Restrictive Covenants specifically enforced by any court of competent jurisdiction, it being agreed that any breach or threatened breach of the Restrictive Covenants would cause irreparable injury to the Company and that money damages would
not provide an adequate remedy to the Company; and 
  
 (B) the
right and remedy to require Executive to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of any transactions constituting a breach of
the Restrictive Covenants. 
  
 (ii) Severability of
Covenants. Executive acknowledges and agrees that the Restrictive Covenants are reasonable and valid in time and scope and in all other respects. The covenants set forth in this Agreement shall be considered and construed as separate and
independent covenants. Should any part or provision of any covenant be held invalid, void or unenforceable in any court of competent jurisdiction, such invalidity, voidness or 
  

 - 12 - 

 unenforceability shall not render invalid, void or unenforceable any other part or provision of this Agreement. If any
portion of the foregoing provisions is found to be invalid or unenforceable by a court of competent jurisdiction because its duration, the territory, the definition of activities or the definition of information covered is considered to be invalid
or unreasonable in scope, the invalid or unreasonable term shall be redefined, or a new enforceable term provided, such that the intent of the Company and Executive in agreeing to the provisions of this Agreement will not be impaired and the
provision in question shall be enforceable to the fullest extent of the applicable laws. 
  
 (iii) Reformation. The parties hereunder agree that it is their intention that the Restrictive Covenants be enforced in accordance with their terms to the maximum extent possible under applicable law. The
parties further agree that, in the event any court of competent jurisdiction shall find that any provision hereof is not enforceable in accordance with its terms, the court shall reform the Restrictive Covenants such that they shall be enforceable
to the maximum extent permissible at law. 
  
 (iv) Elective
Right of the Company. In the event that 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 (x) not enforceable as a matter of law, (y) unreasonable in geographical scope or duration or (z) void as against public policy, the Company shall have the right (1) to cease making the payments required under Section 7 above and, upon
demand, to have Executive repay, within 10 business days of any such demand, any such payments already made. Any right afforded to, or exercised by, the Company hereunder shall in no way affect the enforceability of the Restrictive Covenants or any
other right of the Company hereunder. Nothing in this Section 12(d)(iv) shall be construed to preclude a challenge by Executive (or a defense against) the application of the Restrictive Covenants as to a particular set of facts and circumstances (as
opposed to the arguments enumerated above). 
  
 13.
Arbitration. Any claim or dispute arising under this Agreement shall be subject to arbitration, and prior to commencing any court action, the parties agree that they shall arbitrate all controversies. The arbitration shall be conducted in
Greenville, South Carolina, in accordance with the Employment Dispute Rules of the American Arbitration Association and the Federal Arbitration Act, 9 U.S.C. §1, et. seq. The arbitrator(s) shall be authorized to award both liquidated and
actual damages, in addition to injunctive relief, but no punitive damages. Such an award shall be binding and conclusive upon the parties hereto, subject to 9 U.S.C. §10. Each party shall have the right to have the award made the judgment of a
court of competent jurisdiction. 
  
 14. Assignment and
Successors. 
  
 (a) This Agreement is personal to Executive
and without the prior written consent of the Company shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by Executive’s legal
representatives. 
  

 - 13 - 

 (b) This Agreement shall 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” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes
and agrees to perform this Agreement by operation of law, or otherwise. 
  
 15. 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 shall 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 such waiver is contained 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 shall not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part thereof, of this
Agreement, all of which shall 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 Company and Executive with respect to the subject matter hereof and, from and after the Effective Date, this Agreement shall supersede any other agreement between the parties with respect to the subject
matter hereof, including without limitation, the Prior Agreement. 
  
 (e) Governing Law. Except to the extent preempted by federal law, and without regard to conflict of laws principles, the laws of the State of South Carolina shall govern this Agreement in all respects, whether as to its validity,
construction, capacity, performance or otherwise. 
  
 (f)
Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall 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 to this Agreement

  

 - 14 - 

 Any party may change the address to which notices, requests, demands and other communications shall 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 hereto, which makes specific reference to this Agreement. 
  
 (h) Construction. Each party and his or its counsel have reviewed this
Agreement and have been provided the opportunity to revise this Agreement and accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation
of this Agreement. Instead, the language of all parts of this Agreement shall be construed as a whole, and according to its fair meaning, and not strictly for or against either party. 
  
 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Employment Agreement as of the date first above
written. 
  

			
	SCANSOURCE, INC.
		
	By:	 	 /s/ Michael L. Baur

	Name:	 	Michael L. Baur
	Title:	 	CEO
	
	EXECUTIVE:
	
	 /s/ Steven H. Owings

	Name:	 	Steven H. Owings

  

 - 15 - 

 EXHIBIT A 
  

Base Salary: $300,000 annually 
  
 Bonus Plan: A cash bonus 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. The bonus will be pro-rated in the first year of this Agreement if the Effective Date is after the first day of the fiscal year. 
  
 For purposes of this Agreement, “Operating Income” shall mean the amount reflected for the line item identified as Operating Income on the
Employer’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 plus interest bearing debt at the beginning
of the period added to the sum of shareholder’s equity plus interest bearing debt at the end of the period, divided by 2). The employer’s calculation of Operating Income, Return on Invested Capital, and the incentive bonus amount shall be
conclusive and binding absent fraud or manifest and material error. 
  
 The incentive bonus shall be paid to the Executive in monthly installments with each monthly installment being equal to seventy percent (70%) of the incentive bonus computed using the Operating Income determined by the financial statement
prepared for each month during the term of this Agreement. The balance of the Incentive Bonus shall be paid with respect to each fiscal year immediately following the auditor’s approval of the release of the Company’s year-end earnings.
The Company shall have no right of reimbursement in the event the amount advanced in monthly installments exceeds the incentive bonus as finally computed. 
  
 The amount of the incentive bonus will be calculated as follows: 
  

	 	•	 	Bonus of 0.8625% of Operating Income if Return on Invested Capital exceeds 30% 

  

	 	•	 	Bonus of 0.75% of Operating Income if Return on Invested Capital is 30% or less and greater than 20% 

  

	 	•	 	Bonus of 0.675% of Operating Income if Return on Invested Capital is 20% or less and greater than 10% 

  

	 	•	 	Bonus of 0.525% of Operating Income if Return on Invested Capital is 10% or less 

  

			
	 Days of paid Vacation:
	 	Approving person:
		
	 Twenty-five (25)
	 	President and Chief Executive Officer

 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: Steven H. Owings

  
 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 lection 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 
  

 - 2 - 

 (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. 
  

 - 3 - 

 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 May     , 2005 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, attorneys, and all those entitled to assert his rights, now and forever
hereby releases and discharges the Company and its respective officers, directors, stockholders, trustees, employees, agents, parent corporations, subsidiaries, affiliates, estates, successors, assigns and attorneys (the “Released
Parties”), from any and all claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorney’s fees and
costs, or liabilities 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 or state law, except as provided in Paragraph 2; claims arising
under Title VII of the Civil Rights Act, 42 U.S.C. § 2000(e), et seq. or the Americans With Disabilities Act, 42 U.S.C. § 12101 et seq.; claims for statutory or common law wrongful discharge, including any
claims arising under the Fair Labor Standards Act, 29 U.S.C. § 201 et seq.; claims for attorney’s fees, expenses and costs; claims for defamation; claims for wages or vacation pay; claims for benefits, including any claims
arising under the Employee Retirement Income Security Act, 29 U.S.C. § 1001, et seq.; and provided, however, that nothing herein shall release the Company of its obligations to Executive under the Employment Agreement or any other
contractual obligations between the Company or its affiliates and Executive, or any indemnification obligations to Executive under the Company’s bylaws, certificate of incorporation, South Carolina law, or otherwise. 
  
 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. 
  
 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. However, 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. 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:
	 	  

  

 - 2 -First Amendment to Amended and Restated Credit Agreement

 Exhibit 10.25 
  
 FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
  
 THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is made as of the 13th day of May, 2005, by and among SCANSOURCE, INC., a South Carolina
corporation, NETPOINT INTERNATIONAL, INC., a Florida corporation, SCANSOURCE EUROPE SPRL, SCANSOURCE EUROPE LIMITED, SCANSOURCE UK LIMITED, 4100 QUEST, LLC and PARTNER SERVICES, INC., BRANCH BANKING AND TRUST COMPANY OF SOUTH CAROLINA, as
Administrative Agent and a Bank, WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication Agent and an Other Currency Lender, and FIFTH THIRD BANK, FIRST TENNESSEE BANK NATIONAL ASSOCIATION and HIBERNIA NATIONAL BANK (collectively referred to herein as
the “Banks”). 
  
 R E C I T A L S: 
  
 The Borrowers, the Guarantors, the Administrative Agent and the Banks have
entered into a certain Amended and Restated Credit Agreement dated as of July 16, 2004 (referred to herein as the “Credit Agreement”). Capitalized terms used in this Amendment which are not otherwise defined in this Amendment shall have
the respective meanings assigned to them in the Credit Agreement. 
  
 The Borrowers and Guarantors have requested that: (1) BB&T become an Other Currency Lender; (2) ScanSource Europe SPRL be removed as a Non-U.S Borrower and released from its obligations under the Credit Agreement and the Loan Documents;
and (3) the Commitments of the respective Banks be reallocated. 
  
 The Borrowers and Guarantors have requested the Administrative Agent and the Banks to amend the Credit Agreement to modify certain additional provisions of the Credit Agreement as more fully set forth herein. The Banks, the Administrative
Agent, the Guarantors and the Borrowers desire to amend the Credit Agreement upon the terms and conditions hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of the Recitals and the mutual promises contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrowers, the Guarantors, the Administrative Agent and the Banks, intending to be legally bound hereby, agree as follows: 
  
 SECTION 1. Recitals. The Recitals are incorporated herein by reference and shall be deemed to be a part of this
Amendment. 
  
 SECTION 2. Amendments. The Credit Agreement
is hereby amended as set forth in this Section 2. 

 SECTION 2.01. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is amended to amend
and restate the following definitions: 
  
 “Other Currency Lender Participation Share” of any amount means, at any time, with respect to a Non-RAC Other Currency Lender the product of such amount times a fraction the numerator of which is the amount of such Other Currency
Lender’s Facility Commitment at such time and the denominator of which is the aggregate amount of the Facility Commitments of such Other Currency Lender and BB&T at such time; provided that if the Facility Commitments are no longer in
effect, the Other Currency Lender Participation Share shall be calculated at the moment immediately prior to such Facility Commitments not being in effect. 
  
 “Non-U.S. Borrowers” means collectively: (a) ScanSource Europe Limited; (b) ScanSource UK Limited; (c) each Consolidated
Subsidiary that: (i) is approved in writing by the Administrative Agent and the Other Currency Sub-Agent; and (ii) executes and delivers a New Borrower Joinder Agreement, as a Non-U.S. Borrower pursuant to Section 2.20(a); and (d) their respective
successors and permitted assigns. “Non-U.S. Borrower” means any one of such Non-U.S. Borrowers. Notwithstanding anything contained herein to the contrary, the Loan Parties covenant and agree that except as the Administrative Agent and the
Other Currency Sub-Agent may otherwise agree in writing, each Non-U.S. Borrower shall at all times be a company incorporated under the laws of the United Kingdom and domiciled in the United Kingdom. 
  
 “Other Currency Overdraft Facility Letter” means
the other currency overdraft facility letter dated on or about the date hereof and entered into by the Company and the Non-U.S. Borrowers and Wachovia pursuant to which Wachovia agrees to make available to the Company and the Non-U.S. Borrowers up
to a Dollar Equivalent Amount of $500,000 (subject to such amount being altered from time to time pursuant to the terms thereof) provided that such amount shall from time to time be reduced to the extent that there is not at least a Dollar
Equivalent Amount of available undrawn Other Currency Commitment to make Other Currency Advances under this Agreement. 
  
 “Other Revolving Advance Lenders” means each Revolving Advance Lender that does not have an Other Currency Commitment.

  
 “Unused Commitment” means, except as
otherwise agreed among the Banks, at any date: (1) with respect to any Other Revolving Advance Lender, an amount equal to its Facility Commitment less the sum of: (i) the aggregate outstanding principal amount of its Revolving Advances (excluding
Swing Line Advances); (ii) such Revolving Advance Lender’s Pro Rata Facility Share of the aggregate outstanding principal amount of all U.S. Dollar Letter of Credit Advances; (iii) such Revolving Advance Lender’s Pro Rata Facility Share of
the U.S. Dollar Undrawn Amounts; and (iv) the aggregate principal amount of the participations in Revolving Advances held by such Revolving Advance Lender pursuant to Section 2.02(e) hereof; (2) with respect to any Non-RAC Other Currency Lender an
amount equal to its Facility Commitment less the sum of: (i) the 
  

 2 

 aggregate outstanding principal amount of the Dollar Equivalent of all of its Other Currency Advances;
(ii) the aggregate outstanding principal amount of the Dollar Equivalent of such Non-RAC Other Currency Lender’s Pro Rata Facility Share of all Other Currency Letter of Credit Advances; (iii) the aggregate outstanding principal amount of the
Dollar Equivalent of such Non-RAC Other Currency Lender’s Pro Rata Facility Share of all Other Currency Undrawn Amounts; and (iv) the aggregate principal amount of the participations in Revolving Advances held by such Non-RAC Other Currency
Lender pursuant to Section 2.02(e) hereof; and (3) with respect to each Bank, other than an Other Revolving Advance Lender or a Non-RAC Other Currency Lender, the positive amount, if any, equal to its Facility Commitment less the sum of: (i) the
aggregate outstanding principal amount of its Advances (excluding Swing Line Advances) less in the case of BB&T the aggregate principal amount of the participations in Revolving Advances sold to other Banks pursuant to Section 2.02(e) hereof;
(ii) such Bank’s Pro Rata Facility Share of the aggregate outstanding principal amount of all Letter of Credit Advances; and (iii) such Bank’s Pro Rata Facility Share of the Undrawn Amounts. 
  
 SECTION 2.02. Amendment to Section 1.01. Section 1.01 of the Credit
Agreement is amended to add the following new definition: 
  
 “Pro Rata Other Currency Share” of any amount means, with respect to any Other Currency Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Other
Currency Lender’s Other Currency Commitment at such time and the denominator of which is the aggregate amount of the Other Currency Commitments of all of the Other Currency Lenders at such time; provided that if the Other Currency Commitments
are no longer in effect, the Pro Rata Other Currency Share shall be calculated at the moment immediately prior to such Facility Commitments not being in effect. 
  
 “Other Currency Sub-Agent” means Wachovia, in its capacity as such under Section 2.16(b)(6)
hereof. 
  
 SECTION 2.03. Amendments to Section 2.02.
Section 2.02(e) of the Credit Agreement is amended and restated to read in its entirety as follows: 
  
 (e) Participations in Revolving Advances Made by BB&T. (1) Subject to clause (2) below, at any time and from time to time, upon
written demand by BB&T, with a copy to the Administrative Agent, each Other Currency Lender that does not have a Revolving Advance Commitment (referred to herein as a “Non-RAC Other Currency Lender”) shall purchase from BB&T and
BB&T shall sell to each Non-RAC Other Currency Lender, a participation interest in each Revolving Advance and each U.S. Dollar Letter of Credit Advance (after giving effect to the sale by BB&T of participations in such U.S. Dollar Letter of
Credit Advance pursuant to Section 2.03(c)) equal to the Other Currency Lender Participation Share of each Revolving Advance and U.S. Dollar Letter of Credit Advance as of the date of such purchase. 
  

 3 

 (2) If any participation required to be purchased by such Non-RAC Other Currency Lender
pursuant to clause (1) above would result in the sum of (A) the Other Currency Advances made by such Non-RAC Other Currency Lender plus (B) such Non-RAC Other Currency Lender’s Pro Rata Other Currency Share of the Other Currency Letters of
Credit Advances and the Other Currency Undrawn Amounts to exceed the Other Currency Commitment of such Non-RAC Other Currency Lender (the amount of any such excess being hereinafter referred to as the “Participation Excess”), then (x) such
Non-RAC Other Currency Lender shall not be required to purchase such participations to the extent of the Participation Excess and (y) each Other Revolving Advance Lender shall purchase from BB&T and BB&T shall sell to each Other Revolving
Advance Lender, a participation interest in each Revolving Advance and each U.S. Dollar Letter of Credit Advance (after giving effect to the sale by BB&T of participations in such U.S. Dollar Letter of Credit Advance pursuant to Section 2.03(c))
equal to such Other Revolving Advance Lender’s Participation Share of the Participation Excess. 
  
 (3) In the event that a Non-RAC Other Currency Lender has purchased any participation pursuant to this Section 2.02(e) and thereafter any
Borrower makes a request for a Other Currency Advance or for the issuance of an Other Currency Letter of Credit at a time when the making of such Other Currency Advance or the issuance of such Other Currency Letter of Credit would result in the
creation of a Participation Excess, then upon written demand by such Non-RAC Other Currency Lender, with a copy to BB&T and the Administrative Agent, each Other Revolving Advance Lender shall purchase from such Non-RAC Other Currency Lender and
such Non-RAC Other Currency Lender shall sell to each Other Revolving Advance Lender participations held by such Non-RAC Other Currency Lender in the Revolving Advances and the U.S. Dollar Letter of Credit Advance equal to such Non-RAC Other
Revolving Advance Lender’s Participation Share of the Participation Excess; provided that: (1) the Administrative Agent may allocate among the Revolving Advance Lenders such participations in the Participation Excess as the Administrative Agent
determines; and (2) BB&T shall have the option, but not an obligation, to purchase such portion of the Participation Excess as BB&T may elect. 
  
 (4) Any Bank required to purchase a participation pursuant to this Section 2.02(e), shall make available to the Administrative Agent for
the account of BB&T or such Non-RAC Other Currency Lender, as the case may be, in Federal or other funds immediately available an amount equal to the Participation Share of the outstanding principal amount of such Revolving Advances and U.S.
Dollar Letter of Credit Advances. Promptly after receipt thereof, the Administrative Agent shall transfer such funds to BB&T or such Non-RAC Other Currency Lender, as appropriate. The Borrowers hereby agree to each such sale and purchase of
participation interests in Revolving Advances and U.S. Dollar Letter of Credit Advances outstanding from time to time. Each Bank agrees to purchase its participation interest in each outstanding Revolving Advance and U.S. Dollar Letter of Credit
Advance on (i) the Domestic Business Day on which demand therefor is made by BB&T or such Non-RAC Other Currency Lender, as applicable, provided notice of such demand is given not later than 1:00 P.M. (Greenville, South Carolina time) on such
Domestic Business Day or (ii) the first Domestic Business Day next succeeding the date of such demand if notice of such demand is given after 
  

 4 

 1:00 P.M. (Greenville, South Carolina time) on any Domestic Business Day. BB&T and such Non-RAC Other
Currency Lender makes no representation or warranty and assumes no responsibility with respect to any sale and purchase of a participation interest by it in any Revolving Advance or U.S. Dollar Letter of Credit Advance. If and to the extent that any
Bank required to purchase a participation pursuant to this Section 2.02(e) shall not have so made the amount available to the Administrative Agent in connection with its purchase of a participation interest in any Revolving Advance or U.S. Dollar
Letter of Credit Advance, such Bank agrees to pay to BB&T or such Non-RAC Other Currency Lender, as the case may be, forthwith on demand such amount together with interest thereon, for each day from the date of demand by BB&T or such Non-RAC
Other Currency Lender, until the date such amount is paid to BB&T or such Non-RAC Other Currency Lender, as the case may be, at the Federal Funds Rate for their own account. 
  
 (5) The obligation of the Other Revolving Advance Lenders and the Non-RAC Other Currency Lenders to purchase
a participation interest in each Revolving Advance and U.S. Dollar Letter of Credit Advance pursuant to this Section 2.02(e) shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation: (i) any
set off, counterclaim, recoupment, defense or other right which any Bank or any other Person may have against BB&T or the Non-RAC Other Currency Lender requesting such purchase or any other Person for any reason whatsoever; (ii) the occurrence
or continuance of a Default or an Event of Default or the termination of any Commitment (including, without limitation, any Facility Commitment, Revolving Advance Commitment or Other Currency Commitment) (whether by a Borrower pursuant to Section
2.08 or by the Administrative Agent pursuant to Section 6.01 or otherwise); (iii) any adverse change in the condition (financial or otherwise) of any Borrower, any Guarantor or any other Person; (iv) the failure to satisfy any condition set forth in
Section 3.01, 3.02, 3.03 or 3.04; (v) any breach of this Agreement or any other Loan Document by any Borrower, any Guarantor or any other Bank; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing. 
  
 (6) The failure of any Bank to
purchase a participation interest required of it in any U.S. Dollar Letter of Credit Advance shall not relieve any other Bank of its obligation under Section 2.03(c) to purchase its participation interest in any U.S. Dollar Letter of Credit Advance
on such date, but no Bank shall be responsible for the failure of any other Bank to so purchase a participation interest on such date. 
  
 (7) The Administrative Agent will promptly distribute to each Other Revolving Advance Lender and Other Currency Lender its ratable share
of any payment of principal of or interest on any Revolving Advance and U.S. Dollar Letter of Credit Advance received by the Administrative Agent; provided, however, that in the event that such payment received by the Administrative Agent is
required to be returned, the Other Revolving Advance Lender and Other Currency Lender will return to the Administrative Agent any portion thereof previously distributed by the Administrative Agent to it. 
  

 5 

 SECTION 2.04. Amendments to Sections 2.16, 2.17, 2.18 and 2.19. Sections 2.16, 2.17, 2.18 and 2.19
of the Credit Agreement are amended and restated to read in their entirety as follows: 
  
 SECTION 2.16. Other Currency Advances. 
  
 (a) Commitments to Make Other Currency Advances. (1) Each Other Currency Lender severally agrees, on the terms and conditions set forth herein, to make Other Currency Advances (together with Other Currency
Overdraft Advances pursuant to the terms of the Other Currency Overdraft Facility Letter, if any, to which an Other Currency Lender may be a party) to the Borrowers from time to time before the Termination Date; provided that immediately
after each such Other Currency Advance is made: (1) for each Other Currency Lender (excluding BB&T) the sum of (a) the Dollar Equivalent of the aggregate outstanding principal amount of all Other Currency Advances made by such Other Currency
Lender; (b) the Dollar Equivalent of such Other Currency Lender’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of the Other Currency Letter of Credit Advances and Other Currency Undrawn Amounts; and (c) (i) in the
case of each Other Currency Lender (excluding BB&T) that has a Revolving Advance Commitment, the sum of (A) the aggregate outstanding principal amount of all Revolving Advances made by such Other Currency Lender; (B) such Other Currency
Lender’s Pro Rata Facility Share of the aggregate outstanding principal amount of all Swing Line Advances, U.S. Dollar Letter of Credit Advances and U.S. Dollar Undrawn Amounts, or (ii) in the case of each Non-RAC Other Currency Lender, the
aggregate principal amount of the participations in Revolving Advances and U.S. Dollar Letter of Credit Advances held by such Bank pursuant to Section 2.02(e) (after giving effect to the purchase and sale of participations in the Revolving Advances
and U.S. Dollar Letter of Credit Advances required by Section 2.02(e)(3)), shall not exceed the amount of such Other Currency Lender’s Facility Commitment; (2) the aggregate principal amount of all Other Currency Advances, together with the
aggregate principal amount of all Letter of Credit Advances, Revolving Advances, Swing Line Advances and Undrawn Amounts, shall not exceed the aggregate amount of the Facility Commitments of all of the Banks at such time; (3) the aggregate
outstanding principal amount of all Other Currency Advances by BB&T together with BB&T’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of all Other Currency Letter of Credit Advances, and Other Currency
Undrawn Amounts shall not exceed the amount of BB&T’s Other Currency Commitment; and (4) immediately after such Other Currency Advance is made, the aggregate principal Dollar Equivalent amount of all outstanding Other Currency Advances,
Other Currency Undrawn Amounts and Other Currency Letter of Credit Advances shall not exceed the Other Currency Commitments of all of the Other Currency Lenders at such time. Each Other Currency Advance under this Section other than Other Currency
Overdraft Advances shall be in a minimum principal Dollar Equivalent amount of $500,000 (except that any such Other Currency Advance may be in the aggregate amount of the Other Currency Commitment less the Dollar Equivalent amount of any outstanding
Other Currency Advances, Other Currency Undrawn Amounts and Other Currency Letter of Credit Advances) and shall be made from the several 
  

 6 

 Revolving Advance Lenders ratably in proportion to their respective Other Currency Commitments. Within
the foregoing limits, the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Other Currency Advances and reborrow under this Section at any time before the Termination Date. 
  
 (2) Subject to the terms and conditions set forth herein,
the Borrowers shall have the right, at any time and from time to time from the Restatement Effective Date until the Termination Date, to increase the total Other Currency Commitments (together with a corresponding increase in the Facility Commitment
and Revolving Advance Commitment) in an amount of at least $2,500,000 (or any larger multiple of $1,000,000) but not to exceed $30,000,000 (for a total maximum Other Currency Commitment (and Facility Commitment), assuming no reductions, of
$130,000,000) in the aggregate. The following terms and conditions shall apply to any such increase: (i) any such increase shall be obtained from existing Other Currency Lenders or from other banks or other financial institutions, in each case in
accordance with the terms set forth herein, (ii) the Other Currency Commitment of any Other Currency Lender may not be increased without the prior written consent of such Other Currency Lender and BB&T, (iii) any increase in the aggregate Other
Currency Commitments shall be in a minimum principal amount of $2,500,000 (or any larger multiple of $1,000,000), (iv) the Loan Parties, the Banks (including without limitation, the Other Currency Lenders) and the Administrative Agent shall execute
an amendment to this Agreement in form and content satisfactory to the Administrative Agent to reflect the revised Other Currency Commitment and to incorporate the terms of any amendment, supplement or modification requested by the Administrative
Agent pursuant to Section 2.16(b)(5), (the Banks do hereby agree to execute such amendment unless the amendment purports to increase the Facility Commitment, Revolving Advance Commitment or Other Currency Commitment of a Bank without such
Bank’s consent), (v) the Borrowers shall execute such Notes as are necessary to reflect the increase in the Facility Commitments and Other Currency Commitment, (vi) if any Advances are outstanding at the time of any such increase, the Borrower
shall make such payments and adjustments on the Advances (including payment of any break-funding amount owing under Section 8.05) as necessary to give effect to the revised commitment percentages and outstandings of the Banks, (vii) the conditions
set forth in Section 3.02 shall be true and correct; (viii) any existing Other Currency Lender or other bank or other financial institution which agrees to provide such increase in the Other Currency Commitment shall also agree to provide an
increased Revolving Advance Commitment in an amount equal to the increase in the Other Currency Commitment; (ix) the Loan Parties shall satisfy all terms and conditions of Section 2.01(b); and (x) the U.S. Borrowers shall have not reduced the
Facility Commitments at any time. The amount of any increase in the Other Currency Commitments hereunder may be offered by the Borrowers first to banks and financial institutions that are not a party to this Agreement as an Other Currency Lender (a
“New Other Currency Financial Institution”) so long as such New Other Currency Financial Institution is approved by the Administrative Agent and the Other Currency Sub-Agent (such approval not to be unreasonably withheld) and the Other
Currency Commitment of any such New Other Currency Financial Institution (and the additional commitments 
  

 7 

 requested by the Non-U.S. Borrowers and allocated to the Other Currency Lenders then a party to this
Agreement) shall be acceptable to the Non-U.S. Borrowers, the Other Currency Sub-Agent and the Administrative Agent. Any such new Other Currency Financial Institution shall enter into such joinder agreements to give effect thereto as the
Administrative Agent, the Other Currency Sub-Agent and the Borrowers may reasonably request. 
  
 (b) Method of Borrowing Other Currency Advances (other than Other Currency Overdraft Advances). (1) The Borrowers shall give the
Administrative Agent (with a copy to BB&T’s International Services Division at the address provided by BB&T to the Borrowers from time to time) and the Other Currency Sub-Agent notice in the form attached hereto as Exhibit D (a
“Notice of Other Currency Borrowing”) prior to 11:00 A.M. (London time) at least one Euro-Dollar Business Day before each Other Currency Borrowing denominated in Euros, Sterling or Canadian Dollars and at least four Euro-Dollar Business
Days before each Other Currency Borrowing, in an Other Currency other than Euros, Sterling or Canadian Dollars, specifying: 
  
 (i) the date of such Other Currency Borrowing (which shall be a Euro-Dollar Business Day); and 
  
 (ii) the aggregate amount of such Other Currency Borrowing;.

  
 (iii) the duration of the Interest Period
applicable thereto, subject to the provisions of the definition of Interest Period. 
  
 (2) Upon receipt of a Notice of Other Currency Borrowing, the Administrative Agent shall promptly notify each Bank of the contents thereof
and of each Other Currency Lender’s ratable share of such Other Currency Borrowing and such Notice of Other Currency Borrowing shall not thereafter be revocable by the Borrowers. 
  
 (3) Not later than 1:00 P.M. (London time) on the date of each Other Currency Borrowing, each Other Currency
Lender shall make available its ratable share of such Other Currency Borrowing, in the funds immediately available in London, to the Other Currency Sub-Agent at the following address: Wachovia Bank, National Association, London Branch, 3 Bishopsgate
London EC2N3AB, or at such other address specified by the Other Currency Sub-Agent pursuant to Section 9.01. Unless the Other Currency Sub-Agent or Administrative Agent determines that any applicable condition specified in Article III has not been
satisfied, the Other Currency Sub-Agent will make the funds so received from the Other Currency Lenders available to the Borrowers at the Other Currency Sub-Agent’s address in London not later than 2:00 p.m. (London time) on the date of each
Other Currency Borrowing. Unless the Other Currency Sub-Agent and Administrative Agent receives notice from an Other Currency Lender, at the address of the Other Currency Sub-Agent and Administrative Agent, as the case may be, referred to in Section
9.01, no later than 4:00 P.M. (local time at such 
  

 8 

 address) on the Euro-Dollar Business Day before the date of an Other Currency Borrowing stating that such
Other Currency Lender will not make a Euro-Dollar Advance in connection with such Other Currency Borrowing, the Other Currency Sub-Agent shall be entitled to assume that such Other Currency Lender will make an Other Currency Advance in connection
with such Other Currency Borrowing and, in reliance on such assumption, the Other Currency Sub-Agent may (but shall not be obligated to) make available such Other Currency Lender’s ratable share of such Other Currency Borrowing to the Borrowers
for the account of such Other Currency Lender. If the Other Currency Sub-Agent makes such Other Currency Lender’s ratable share available to the Borrowers and such Other Currency Lender does not in fact make its ratable share of such Other
Currency Borrowing available on such date, the Other Currency Sub-Agent shall be entitled to recover such Other Currency Lender’s ratable share from such Other Currency Lender or the Borrowers (and for such purpose shall be entitled to charge
such amount to any account of any Borrower maintained with the Other Currency Sub-Agent), together with interest thereon for each day during the period from the date of such Dollar Borrowing until such sum shall be paid in full at a rate per annum
equal to the rate set forth in Section 2.06 for each such day during such period, provided that any such payment by the Borrowers of such Other Currency Lender’s ratable share and interest thereon shall be without prejudice to any rights
that the Borrowers may have against such Other Currency Lender. If such Other Currency Lender shall repay to the Other Currency Sub-Agent such corresponding amount, such amount so repaid shall constitute such Other Currency Lender’s Other
Currency Advance included in such Other Currency Borrowing for purposes of this Agreement. 
  
 (4) Notwithstanding anything to the contrary contained in this Agreement, no Other Currency Advance shall be requested (and no Other
Currency Lender shall have any obligation to make an Other Currency Advance) if there shall have occurred a Default which Default shall not have been cured or waived. 
  
 (5) In the event that a New Other Currency Financial Institution becomes an Other Currency Lender hereunder,
as a condition precedent to the assignment of any Other Currency Commitment or the addition of a New Other Currency Financial Institution, the method of borrowing, funding, repayment and administration of the Other Currency Advances shall be, to the
extent reasonably required by the Administrative Agent and Other Currency Sub-Agent, supplemented with and/or superceded by such other methods of borrowing, funding, repayment and administration of the Other Currency Advances as shall be mutually
agreeable to the Borrowers, the Administrative Agent, the Other Currency Sub-Agent and the Other Currency Lenders. 
  
 (6) The Administrative Agent and each Bank hereby appoint and authorize Wachovia to act as the Other Currency Sub-Agent under this
Agreement with such powers as are specifically delegated to the Other Currency Sub-Agent 
  

 9 

 by the terms hereof, together with such other powers as are reasonably incidental thereto. The Other
Currency Sub-Agent: (a) shall have no duties or responsibilities except as expressly set forth in this Agreement and shall not by reason of this Agreement be a trustee for the Administrative Agent or any Bank; (b) shall not be responsible to the
Administrative Agent or the Banks for any recitals, statements, representations or warranties contained in this Agreement or any other Loan Document, or in any certificate or other document referred to or provided for in, or received by any Bank
under, this Agreement or any other Loan Document, or for the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or any other document referred to or provided for herein or therein or for
any failure by any Loan Party to perform any of its obligations hereunder or thereunder; (c) shall not be required to initiate or conduct any litigation or collection proceedings hereunder or under any other Loan Document except to the extent
requested by the Required Banks, and then only on terms and conditions satisfactory to the Other Currency Sub-Agent, and (d) shall not be responsible for any action taken or omitted to be taken hereunder or under any other Loan Document or any other
document or instrument referred to or provided for herein or therein or in connection herewith or therewith, except for its own gross negligence or willful misconduct. The Other Currency Sub-Agent may employ agents and attorneys-in-fact and shall
not be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The provisions of this Section 2.16(b)(5) are solely for the benefit of the Other Currency Sub-Agent, the Administrative
Agent and the Banks, and no Loan Party shall have any rights as a third-party beneficiary of any of the provisions hereof. In performing its functions and duties under this Agreement and under the other Loan Documents, the Other Currency Sub-Agent
shall act solely as agent of the Administrative Agent and the Banks and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Loan Parties. The duties of the Other Currency
Sub-Agent shall be ministerial and administrative in nature, and the Other Currency Sub-Agent shall not have by reason of this Agreement or any other Loan Document a fiduciary relationship in respect of any Bank. The Other Currency Sub-Agent shall
be entitled to each of the protections, indemnifications and immunities granted to the Administrative Agent under Section 7.01 through 7.10 inclusive as fully as if it were expressly referred to therein. 
  
 (c) Continuation and Conversion Elections. By
delivering a Continuation/Conversion Notice to the Administrative Agent and the Other Currency Sub-Agent on or before 10:00 a.m. on a Euro-Dollar Business Day, the Borrowers may from time to time irrevocably elect, on not less than one Euro-Dollar
Business Day’s notice (and not more than five Euro-Dollar Business Days’ notice) in the case of a continuation of an Other Currency Borrowing denominated in Euros, Sterling or Canadian Dollars and on not less than four Euro-Dollar Business
Days’ notice (and not more than five Euro-Dollar Business Days’ notice) in the case of a continuation of an 
  

 10 

 Other Currency Borrowing denominated in an Other Currency other than Euros, Sterling or Canadian Dollars,
that all, or any portion in an aggregate minimum amount of the Dollar Equivalent of $500,000 be, continued as Euro-Dollar Loans in the absence of delivery of a Continuation/Conversion Notice with respect to any Euro-Dollar Loan at least one
Euro-Dollar Business Day (but not more than five Euro-Dollar Business Days) in the case of a continuation of an Other Currency Borrowing denominated in Euros, Sterling or Canadian Dollars and at least four Euro-Dollar Business Days (but not more
than five Euro-Dollar Business Days) in the case of a continuation of an Other Currency Borrowing denominated in an Other Currency other than in Euros, Sterling or Canadian Dollars before the last day of the then current Interest Period with respect
thereto, such Euro-Dollar Loan shall, on such last day, automatically be continued with an Interest Period of one month; provided, however, that when any Default has occurred and is continuing, at the option of the Other Currency
Lender, no portion of the outstanding principal amount of any Other Currency Advances may be continued with an Interest Period in excess of one month. Other Currency Advances can only be continued or converted in the currency that such Other
Currency Advances were made on the date of such Other Currency Advances Borrowing. 
  
 (d) Euros And National Currency Units. 
  
 Where: 
  
 (i) any Advance is requested in the currency of a participating member state it shall, subject to the terms of this Agreement, be made in
euros; and 
  
 (ii) more than one currency or
currency unit are at the same time recognized by the central bank of any country as the lawful currency of that country, then (unless otherwise prohibited by law): 
  
 (a) any reference in this Agreement to, and any obligations arising under this Agreement in, the currency
of that country shall be translated into, or paid in, the currency or currency unit of the country designated by the Other Currency Lender; and 
  
 (b) any translation from one currency or currency unit to another shall be at the official rate of exchange recognized by the central
bank for the conversion of that currency or currency unit into the other, rounded up or down by the Other Currency Lender acting reasonably. 
  
 SECTION 2.17. Multi Currency Loans. 
  
 (a) Determination of Dollar Equivalents. The Other Currency Sub-Agent will determine the Dollar Equivalent amount with respect to
any (a) Euro-Dollar Loan that is an Other Currency Advance as of the requested Borrowing date and as of the earlier of (i) any requested continuation date or (ii) ninety days after the Borrowing date of any 
  

 11 

 outstanding Euro-Dollar Loans that is an Other Currency Advance, (b) outstanding Euro-Dollar Loans that
are an Other Currency Advance as of such dates as may be requested by the Required Banks, but in no event more frequently than once a week, (c) upon the request of the Administrative Agent, and (d) any Euro-Dollar Loan that is an Other Currency
Advance with respect to calculations made under the definition of EBITDA, as of the date of such calculations (each such date a “Determination Date”). 
  
 (b) Notification of Availability. In the event the Other Currency requested or elected by a
requesting Borrower to be continued is not available to an Other Currency Lender, then an Other Currency Lender shall, in the case of Other Currency Advances (other than Other Currency Overdraft Advances), notify such Borrower no later than the date
of the proposed Other Currency Borrowing and, in the case of Other Currency Overdraft Advances, pursuant to the terms of the Other Currency Overdraft Facility Letter. 
  
 (c) Consequences of Non-Availability. If an Other Currency Lender notifies a Borrower pursuant to
Section 2.17(b) that the Other Currency requested or elected by a requesting Borrower to be continued is not available, such notification shall subject to the terms of Section 8.04, in the case of any Notice of Other Currency Borrowing,
revoke such Notice of Other Currency Borrowing. 
  
 SECTION 2.18. Funding. Each Bank may, if it so elects, fulfill its obligation to make, continue or convert Euro-Dollar Loans hereunder by causing one of its foreign branches or Affiliates (or an international banking facility created
by such Bank) to make or maintain such Euro-Dollar Loan; provided, however, that such Euro-Dollar Loan shall nonetheless be deemed to have been made and to be held by such Bank, and the obligation of the Borrowers to repay such
Euro-Dollar Loan shall nevertheless be to such Bank for the account of such foreign branch, Affiliate or international banking facility. In addition, the Borrowers hereby consent and agree that, for purposes of any determination to be made for
purposes of Article VIII or Section 2.12, it shall be conclusively assumed that each Bank elected to fund all Euro-Dollar Loans by purchasing Dollar deposits in its Lending Office’s interbank eurodollar market. 
  
 SECTION 2.19. Other Currency Letters of Credit. 
  
 (a) The Other Currency Issuing Bank may, from time to time
upon request of a U.S. Borrower or Non-U.S. Borrower, in its sole discretion issue Other Currency Letters of Credit for the account of such requesting U.S. Borrower or Non-U.S. Borrower, subject to satisfaction of the conditions referenced in
Section 3.04. 
  
 (b) Each Other Currency Letter
of Credit shall be subject to the provisions of this Agreement and to the provisions set forth in the Other Currency Letter of Credit Agreement executed by the requesting U.S. Borrower or Non-U.S. Borrower, as the case may be, in connection with the
issuance of such Other Currency Letter of Credit. The Borrowers agree to promptly perform and comply with the terms and conditions of each Other Currency Letter of Credit Agreement. 
  

 12 

 (c) The payment by the Other Currency Issuing Bank of a draft drawn under any Other
Currency Letter of Credit shall constitute for all purposes of this Agreement a Other Currency Letter of Credit Advance in the amount of such draft. Upon written demand by the Other Currency Issuing Bank, with a copy to the Administrative Agent and
the Other Currency Sub-Agent, each Other Currency Lender shall purchase from the Other Currency Issuing Bank, and the Other Currency Issuing Bank shall sell to each Other Currency Lender, a participation interest in such Other Currency Letter of
Credit Advance equal to such Other Currency Lender’s Pro Rata Other Currency Share of such Other Currency Letter of Credit Advance as of the date of such purchase, by making available to the Other Currency Sub-Agent for the account of the Other
Currency Issuing Bank, in Federal or other funds immediately available an amount equal to such Other Currency Lender’s Pro Rata Other Currency Share of the outstanding principal amount of such Other Currency Letter of Credit Advance. Promptly
after receipt thereof, the Other Currency Sub-Agent shall transfer such funds to the Other Currency Issuing Bank. The U.S. Borrowers and Non-U.S. Borrowers hereby agree to each such sale and purchase of participation interests in Other Currency
Letter of Credit Advances outstanding from time to time. Each Other Currency Lender agrees to purchase its participation interest in an outstanding Other Currency Letter of Credit Advance on (i) the Euro-Dollar Business Day on which demand therefor
is made by the Other Currency Issuing Bank, provided notice of such demand is given not later than 1:00 P.M. (London time) on such Euro-Dollar Business Day or (ii) the first Euro-Dollar Business Day next succeeding the date of such demand if notice
of such demand is given after 1:00 P.M. (London time) on any Euro-Dollar Business Day. The Other Currency Issuing Bank makes no representation or warranty and assumes no responsibility with respect to any sale and purchase of a participation
interest in any Other Currency Letter of Credit Advance. If and to the extent that any Other Currency Lender shall not have so made the amount available to the Other Currency Sub-Agent in connection with its purchase of a participation interest in
any Other Currency Letter of Credit Advance, such Other Currency Lender agrees to pay to the Other Currency Sub-Agent forthwith on demand such amount together with interest thereon, for each day from the date of demand by the Other Currency Issuing
Bank, until the date such amount is paid to the Other Currency Sub-Agent, at the Federal Funds Rate for the account of the Other Currency Issuing Bank. 
  
 (d) The obligation of each Other Currency Lender to purchase a participation interest in any Other Currency Letter of Credit Advance
pursuant to Section 2.19(c) shall be unconditional and absolute and shall not be affected by any circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right which the Other Currency Lender or any
other Person may have against Wachovia requesting such purchase or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the termination of any Commitment (including, without
limitation, any Facility Commitment, Revolving Advance Commitment or Other Currency Commitment) (whether by a Borrower pursuant to Section 2.08 or by the Administrative Agent pursuant to Section 6.01 or otherwise); (iii) any adverse change in the
condition (financial or otherwise) of any Borrower, any Guarantor or any other Person; (iv) the failure to satisfy any condition set forth in Section 
  

 13 

 3.01, 3.02, 3.03 or 3.04; (v) any breach of this Agreement or any other Loan Document by any Borrower,
any Guarantor or any other Bank; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 
  
 (e) The Other Currency Issuing Bank shall furnish (A) to the Administrative Agent and each Bank on the tenth Domestic Business Day of each
April, July, October and January, a written report summarizing the issuance and expiration dates of Other Currency Letters of Credit issued during the preceding calendar quarter and (B) to the Administrative Agent and each Bank upon request a
written report setting forth the aggregate Other Currency Undrawn Amounts. 
  
 (f) The failure of any Other Currency Lender to purchase a participation interest in any Other Currency Letter of Credit Advance shall not relieve any other Other Currency Lender of its obligation hereunder to
purchase its participation interest in any Other Currency Letter of Credit Advance on such date, but no Other Currency Lender shall be responsible for the failure of any other Other Currency Lender to so purchase a participation interest on such
date. 
  
 (g) The U.S. Borrowers and Non-U.S.
Borrowers shall pay to the Other Currency Sub-Agent for the account of each Other Currency Lender that has purchased a participation interest in a Other Currency Letter of Credit Advance on the earlier of demand and the Termination Date the
outstanding principal amount of such Other Currency Letter of Credit Advance (which may be paid with the proceeds of an Other Currency Borrowing deemed requested pursuant to clause (i) below, provided that the Other Currency Advances comprising such
Other Currency Borrowing are in fact made). The Other Currency Sub-Agent will promptly distribute to each Other Currency Lender its ratable share of any payment of principal of or interest on any Other Currency Letter of Credit Advance received by
the Other Currency Sub-Agent; provided, however, that in the event that such payment received by the Other Currency Sub-Agent is required to be returned, such Other Currency Lender will return to the Other Currency Sub-Agent any portion thereof
previously distributed by the Other Currency Sub-Agent to it. 
  
 (h) The Other Currency Issuing Bank will notify the Borrower and the Administrative Agent promptly of the presentment for payment of any Other Currency Letter of Credit, together with notice of the date such payment
shall be made, and the Administrative Agent promptly will notify the Banks of such matters. 
  
 (i) In the event that the Other Currency Issuing Bank makes any payment under any Other Currency Letter of Credit, the Non-U.S. Borrowers
shall be deemed to have delivered a Notice of Other Currency Borrowing to the Administrative Agent and Other Currency Sub-Agent requesting an Other Currency Borrowing pursuant to Section 2.16 on the date (and time) of such Other Currency Letter of
Credit Advance. 
  

 14 

 SECTION 2.05. Amendment to Section 3.02(d). Section 3.02(d) of the Credit Agreement is amended and
restated to read in its entirety as follows: 
  
 (d) the fact that, immediately after such Borrowing (i) the aggregate outstanding principal amount of the Revolving Advances of each Other Revolving Advance Lender together with such Bank’s Pro Rata Facility Share of the aggregate
outstanding principal amount of all Swing Line Advances, U.S. Dollar Letter of Credit Advances, U.S. Dollar Undrawn Amounts and the aggregate principal amount of the participations in Revolving Advances and U.S. Dollar Letter of Credit Advances held
by such Bank pursuant to Section 2.02(e), will not exceed the amount of its Facility Commitment; (ii) the aggregate principal Dollar Equivalent Amount of all outstanding Other Currency Advances, Other Currency Undrawn Amounts and Other Currency
Letter of Credit Advances shall not exceed the total Other Currency Commitments; (iii) for each Other Currency Lender (excluding BB&T) the sum of (a) the Dollar Equivalent of the aggregate outstanding principal amount of all Other Currency
Advances made by such Other Currency Lender; (b) the Dollar Equivalent of such Other Currency Lender’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of the Other Currency Letter of Credit Advances and Other
Currency Undrawn Amounts; and (c) (1) in the case of each Other Currency Lender (excluding BB&T) that has a Revolving Advance Commitment, the sum of (A) the aggregate outstanding principal amount of all Revolving Advances made by such Other
Currency Lender; (B) such Other Currency Lender’s Pro Rata Facility Share of the aggregate outstanding principal amount of all Swing Line Advances, U.S. Dollar Letter of Credit Advances and U.S. Dollar Undrawn Amounts, or (2) in the case of
each Non-RAC Other Currency Lender, the aggregate principal amount of the participations in Revolving Advances and U.S. Dollar Letter of Credit Advances held by such Bank pursuant to Section 2.02(e) (after giving effect to the purchase and sale of
participations in the Revolving Advances and U.S. Dollar Letter of Credit Advances required by Section 2.02(e)(3)), shall not exceed the amount of such Other Currency Lender’s Facility Commitment; (iv) the aggregate outstanding principal amount
of the Revolving Advances together with the aggregate outstanding principal amount of all Swing Line Advances, the Dollar Equivalent of Other Currency Advances, the Dollar Equivalent of Other Currency Letter of Credit Advances, the Dollar Equivalent
of Other Currency Undrawn Amounts, U.S. Dollar Letter of Credit Advances and U.S. Dollar Undrawn Amounts, will not exceed the aggregate amount of the Facility Commitments of all of the Banks as of such date; (v) the aggregate outstanding principal
amount of all Other Currency Advances by BB&T together with BB&T’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of all Other Currency Letter of Credit Advances, and Other Currency Undrawn Amounts shall not
exceed the amount of BB&T’s Other Currency Commitment; and (vi) the aggregate outstanding principal amount of all outstanding Revolving Advances, Swing Line Advances, U.S. Dollar Letter of Credit Advances and U.S. Dollar Undrawn Amounts
shall not exceed the total Revolving Advance Commitments. 
  
 SECTION 2.06. Amendment to Section 3.03(c). Section 3.03(c) of the Credit Agreement is amended and restated to read in its entirety as follows: 
  

(c) the fact that, immediately after the issuance of such U.S. Dollar Letter of Credit: (i) the sum of (A) the entire outstanding
principal amount of the Revolving 
  

 15 

 Advances, (B) the aggregate outstanding principal amount of the U.S. Dollar Letter of Credit Advances,
(C) the aggregate outstanding principal amount of Swing Line Advances, (D) the Dollar Equivalent of the aggregate outstanding principal amount of Other Currency Advances, Other Currency Letter of Credit Advances and Other Currency Undrawn Amounts;
and (E) the aggregate U.S. Dollar Undrawn Amounts, will not exceed the aggregate amount of the Facility Commitments of all of the Banks at such time; (ii) the sum of (a) the aggregate outstanding principal amount of the Revolving Advances of each
Other Revolving Advance Lender together with such Revolving Advance Lender’s Pro Rata Revolving Advance Share of the aggregate outstanding principal amount of all Swing Line Advances, U.S. Dollar Letter of Credit Advances, U.S. Dollar Undrawn
Amounts and the aggregate principal amount of the participations in Revolving Advances and U.S. Dollar Letter of Credit Advances held by such Bank pursuant to Section 2.02(e), will not exceed the amount of its Revolving Advance Commitment; and (iii)
the aggregate outstanding principal amount of: (A) Revolving Advances by each Other Currency Lender (excluding BB&T) that has a Revolving Advance Commitment together with such Other Currency Lender’s Pro Rata Revolving Advance Share of the
aggregate outstanding principal amount of all U.S. Dollar Letter of Credit Advances, Swing Line Advances, and U.S. Dollar Undrawn Amounts; and (B) the sum of (a) the Dollar Equivalent of the aggregate outstanding principal amount of all Other
Currency Advances made by such Other Currency Lender; and (b) the Dollar Equivalent of such Other Currency Lender’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of the Other Currency Letter of Credit Advances and
Other Currency Undrawn Amounts, shall not exceed the amount of such Other Currency Lender’s Facility Commitment; 
  
 SECTION 2.07. Amendment to Section 3.04(c). Section 3.04(c) of the Credit Agreement is amended and restated to read in its entirety as follows:

  
 (c) the fact that, immediately after the
issuance of such Other Currency Letter of Credit: (i) the sum of (A) the entire outstanding principal amount of the Revolving Advances, (B) the aggregate outstanding principal amount of the U.S. Dollar Letter of Credit Advances, (C) the aggregate
outstanding principal amount of Swing Line Advances, (D) the Dollar Equivalent of the aggregate outstanding principal amount of Other Currency Advances, the Other Currency Letter of Credit Advances and the Other Currency Undrawn Amounts; and (E) the
aggregate U.S. Dollar Undrawn Amounts, will not exceed the aggregate amount of the Facility Commitments of all of the Banks at such time; (ii) for each Other Currency Lender (excluding BB&T) the sum of (a) the Dollar Equivalent of the aggregate
outstanding principal amount of all Other Currency Advances made by such Other Currency Lender; (b) the Dollar Equivalent of such Other Currency Lender’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of the Other
Currency Letter of Credit Advances and Other Currency Undrawn Amounts; and (c) (1) in the case of each Other Currency Lender (excluding BB&T) that has a Revolving Advance Commitment, the sum of (A) the aggregate outstanding principal amount of
all Revolving Advances made by such Other Currency Lender; (B) such Other Currency Lender’s Pro Rata Facility Share of the aggregate outstanding principal amount 
  

 16 

 of all Swing Line Advances, U.S. Dollar Letter of Credit Advances and U.S. Dollar Undrawn Amounts; or (2)
in the case of each Non-RAC Other Currency Lender, the aggregate principal amount of the participations in Revolving Advances and U.S. Dollar Letter of Credit Advances held by such Bank pursuant to Section 2.02(e) (after giving effect to the
purchase and sale of participations in the Revolving Advances and U.S. Dollar Letter of Credit Advances required by Section 2.02(e)(3)) shall not exceed the amount of such Other Currency Lender’s Facility Commitment; and (iii) the aggregate
outstanding principal amount of all Other Currency Advances by BB&T together with BB&T’s Pro Rata Other Currency Share of the aggregate outstanding principal amount of all Other Currency Letter of Credit Advances, and Other Currency
Undrawn Amounts shall not exceed the amount of BB&T’s Other Currency Commitment. 
  
 SECTION 2.08. Amendment to Section 3.04(e). Section 3.04(e) of the Credit Agreement is amended and restated to read in its entirety as follows: 
  
 (e) the fact that immediately after the issuance of such Other Currency Letter of Credit the sum of: (i) the
Dollar Equivalent of the aggregate outstanding principal amount of the Other Currency Advances, plus (ii) the Dollar Equivalent of the aggregate outstanding principal amount of the Other Currency Letter of Credit Advances, plus (iii) the Dollar
Equivalent of the aggregate Other Currency Undrawn Amounts, will not exceed $100,000,000 or such greater amount as may be in effect pursuant to Section 2.16(a)(2) hereof; and 
  
 SECTION 2.09. Amendment to Section 2.01(b). Section 2.01(b) of the Credit Agreement is amended and restated to read
in its entirety as follows: 
  
 (b) Subject to
the terms and conditions set forth herein, the Borrowers shall have the right, at any time and from time to time from the Restatement Effective Date until the Termination Date, to increase the total Revolving Advance Commitments (together with a
corresponding increase in the Facility Commitment and Other Currency Commitment) in an amount of at least $2,500,000 (or any larger multiple of $1,000,000) but not to exceed $30,000,000 (for a total maximum Revolving Advance Commitment (and Facility
Commitment), assuming no reductions, of $130,000,000) in the aggregate. The following terms and conditions shall apply to any such increase: (i) any such increase shall be obtained from existing Revolving Advance Lenders or from other banks or other
financial institutions, in each case in accordance with the terms set forth below, (ii) the Revolving Advance Commitment of any Revolving Advance Lender may not be increased without the prior written consent of such Revolving Advance Lender, (iii)
any increase in the aggregate Revolving Advance Commitments shall be in a minimum principal amount of $2,500,000, (iv) the Loan Parties and Banks shall execute an acknowledgement in form and content satisfactory to the Administrative Agent to
reflect the revised Revolving Advance Commitments and compliance with other terms of this Agreement (including, without limitation, Section 2.16(a)(2)) (the Banks do hereby agree to execute such acknowledgement unless the acknowledgement purports to
increase the Commitment of a Bank without such Bank’s consent), (v) the Borrowers shall execute such Notes as are necessary to reflect the increase in the Revolving Advance 
  

 17 

 Commitments, (vi) if any Revolving Advances are outstanding at the time of any such increase, the
Borrowers shall make such payments and adjustments on the Revolving Advances as necessary to give effect to the revised commitment percentages and outstandings of the Revolving Advance Lenders, (vii) the conditions set forth in Section 3.02 shall be
true and correct, (viii) any existing Revolving Advance Lender or other bank or other financial institution which agrees to provide such increase in the Revolving Advance Commitment shall also agree to provide an increased Other Currency Commitment
in an amount equal to the increase in the Revolving Advance Commitment, and (ix) the Loan Parties shall satisfy all terms and conditions of Section 2.16(a)(2). The amount of any increase in the Revolving Advance Commitments hereunder may be offered
by the Borrowers first to banks and financial institutions that are not a party to this Agreement as a Revolving Advance Lender (a “New Revolving Advance Financial Institution”) so long as such New Revolving Advance Financial Institution
is approved by the Administrative Agent (such approval not to be unreasonably withheld) and the Revolving Advance Commitment of any such New Revolving Advance Financial Institution (and the amount of the additional commitments requested by the
Borrowers which are allocated to the Revolving Advance Lenders then party to this Agreement) shall be acceptable to the Borrowers and the Administrative Agent. Any such New Financial Institution shall enter into such joinder agreements to give
effect thereto as the Administrative Agent and the Borrowers may reasonably request. 
  
 SECTION 2.10. Amendment to Section 9.07(c). Section 9.07(c) of the Credit Agreement is amended and restated to read in its entirety as follows: 
  
 (c) Any Bank, other than a Conduit Lender, may at any time assign to one or more banks or financial
institutions (each an “Assignee”) all, or a proportionate part of all, of its rights and obligations under this Agreement, the Notes and the other Loan Documents, and such Assignee shall assume all such rights and obligations, pursuant to
an Assignment and Acceptance in the form attached hereto as Exhibit J, executed by such Assignee, such transferor Bank and the Administrative Agent (and, in the case of: (i) an Assignee that is not then a Bank or an Affiliate of a Bank; and (ii) an
assignment not made during the existence of a Default or an Event of Default, by the Borrower); provided that (i) no interest may be sold by a Bank pursuant to this paragraph (c) unless the Assignee shall agree to assume ratably equivalent portions
of the transferor Bank’s Facility Commitment, Revolving Advance Commitment, Other Currency Commitment, U.S. Dollar Letter of Credit Commitment and Other Currency Letter of Credit Commitment, (ii) the amount of the Commitment of the assigning
Bank being assigned pursuant to such assignment (determined as of the effective date of the assignment) shall be equal to $5,000,000 (or any larger multiple of $1,000,000) (except that any such assignment may be in the full amount of the assigning
Bank’s Commitment), (iii) no interest may be sold by a Bank pursuant to this paragraph (c) to any Assignee that is not then a Bank or an Affiliate of a Bank without the consent of the Borrower, which consent shall not be unreasonably withheld,
provided that the Borrower’s consent shall not be necessary with respect to any assignment made during the existence of a Default or an Event of Default; (iv) a Bank may not have more than two Assignees that are not then Banks at any one time,
(v) no interest may be sold by a Bank pursuant to this paragraph 
  

 18 

 (c) to any Assignee that is not then a Bank or an Affiliate of a Bank, without the consent of the
Administrative Agent, which consent shall not be unreasonably withheld, provided, that the Administrative Agent shall be permitted to require that (at the expense of the assigning Other Currency Lender) as a condition to any such assignment which
first results in multiple Other Currency Lenders, that an amendment to this Agreement and the other Loan Documents in form and content satisfactory to the Administrative Agent be entered into by all Loan Parties and Banks to address the methods of
borrowing, funding, repayment and administration of this Agreement as shall be mutually agreeable to the Loan Parties, Administrative Agent and Banks and no such assignment shall be effective until the conditions set forth in the following sentence
are satisfied; (vi) no interest may be sold by a Bank to an Assignee that is not a party to the Intercreditor Agreement; (vii) no interest in a Commitment may be sold by a Bank pursuant to this paragraph (c) to any Assignee that is not then a Bank
or an Affiliate of a Bank, without the consent of the Issuing Banks, which consent may be withheld by the Issuing Banks in their sole and absolute discretion; and (viii) no Other Revolving Advance Lender may sell an interest in a Revolving Advance
Commitment unless such Assignee purchases from BB&T (or enters into a risk participation satisfactory to BB&T in respect of) an equal interest in BB&T’s Other Currency Commitment. Upon (A) execution of the Assignment and Acceptance
by such transferor Bank, such Assignee, the Administrative Agent and (if applicable) the Borrower, (B) delivery of an executed copy of the Assignment and Acceptance to the Borrower and the Administrative Agent, (C) payment by such Assignee to such
transferor Bank of an amount equal to the purchase price agreed between such transferor Bank and such Assignee, (D) delivery of an executed amendment to the Intercreditor Agreement adding the Assignee as a party thereto, (E) in connection with an
assignment which results in an Other Currency Lender that is not then a Bank, delivery of an amendment to this Agreement and the other Loan Documents in form and content satisfactory to the Administrative Agent addressing such issues in respect of
the methods of borrowing, funding, repayment and administration of this Agreement as the Administrative Agent may reasonably require, and (F) payment by the assigning Bank of a processing and recordation fee of $3,500 to the Administrative Agent if
the Assignee is not a Bank or Affiliate of a Bank and $1,000 if the Assignee is a Bank or Affiliate of a Bank, such Assignee shall for all purposes be a Bank party to this Agreement and shall have all the rights and obligations of a Bank under this
Agreement to the same extent as if it were an original party hereto with Commitments as set forth in such instrument of assumption, and the transferor Bank shall be released from its obligations hereunder to a corresponding extent, and no further
consent or action by the Borrower, the Banks or the Administrative Agent shall be required. Upon the consummation of any transfer to an Assignee pursuant to this paragraph (c), the transferor Bank, the Administrative Agent and the Borrower shall
make appropriate arrangements so that, if required, a new Note is issued to each of such Assignee and such transferor Bank. Notwithstanding the foregoing, any Conduit Lender may assign at any time to its designating Bank hereunder without the
consent of the Borrower or the Administrative Agent any or all of the Advances it may have funded hereunder and pursuant to its designation agreement and without regard to the limitations set forth in the first sentence of this subsection 9.07(c).

  

 19 

 SECTION 2.11. Miscellaneous. References in the Credit Agreement to “the Other Currency
Lender”: (i) in Sections 2.10, 2.12 and 2.13 shall be replaced with the following: “the Other Currency Sub-Agent”; (ii) in Sections 3.02 and 9.05(a)(viii)(II) shall be replaced with the following: “each Other Currency
Lender”; (iii) in Sections 6.01, 6.03(b), 6.05, 8.01 and 8.02 shall be replaced with the following: “any Other Currency Lender”; and (iv) in Section 9.21 shall be replaced with the following: “the Other Currency Lenders”.

  
 SECTION 2.12. Amendment to Commitments. The signature
page to the Credit Agreement for each of the Banks is hereby amended by deleting the U.S. Dollar Letter of Credit Commitment, the Other Currency Letter of Credit Commitment, and each of the other Commitments of such Bank set forth on such signature
page and by substituting therefor the new U.S. Dollar Letter of Credit Commitment, the Other Currency Letter of Credit Commitment, and other Commitments set forth for each such Bank on the signature page to this Amendment with respect to such
Bank. 
  
 SECTION 3. Conditions to Effectiveness.
The effectiveness of this Amendment and the obligations of the Banks hereunder are subject to the following conditions, unless the Required Banks waive such conditions: 
  
 (a) receipt by the Administrative Agent from each of the parties hereto of a duly executed counterpart of this Amendment
signed by such party; 
  
 (b) the fact that the representations
and warranties of the Borrowers and Guarantors contained in Section 5 of this Amendment shall be true on and as of the date hereof. 
  
 SECTION 4. No Other Amendment. Except for the amendments set forth above, the text of the Credit Agreement shall remain unchanged and in full force
and effect. This Amendment is not intended to effect, nor shall it be construed as, a novation. The Credit Agreement and this Amendment shall be construed together as a single agreement. Nothing herein contained shall waive, annul, vary or affect
any provision, condition, covenant or agreement contained in the Credit Agreement, except as herein amended, nor affect nor impair any rights, powers or remedies under the Credit Agreement as hereby amended. The Banks and the Administrative Agent do
hereby reserve all of their rights and remedies against all parties who may be or may hereafter become secondarily liable for the repayment of the Notes. The Borrowers and Guarantors promise and agree to perform all of the requirements, conditions,
agreements and obligations under the terms of the Credit Agreement, as heretofore and hereby amended, the Credit Agreement, as amended, and the other Loan Documents being hereby ratified and affirmed. The Borrowers and Guarantors hereby expressly
agree that the Credit Agreement, as amended, and the other Loan Documents are in full force and effect. 
  
 SECTION 5. Representations and Warranties. The Borrowers and Guarantors hereby represent and warrant to each of the Banks as follows: 

 
 (a) No Default or Event of Default under the Credit Agreement or any
other Loan Document has occurred and is continuing unwaived by the Banks on the date hereof. 
  

 20 

 (b) The Borrowers and Guarantors have the power and authority to enter into this Amendment and to do all
acts and things as are required or contemplated hereunder to be done, observed and performed by them. 
  
 (c) This Amendment has been duly authorized, validly executed and delivered by one or more authorized officers of the Borrowers and Guarantors and
constitutes the legal, valid and binding obligations of the Borrowers and Guarantors enforceable against them in accordance with its terms, provided that such enforceability is subject to general principles of equity. 
  
 (d) The execution and delivery of this Amendment and the performance by the
Borrowers and Guarantors hereunder do not and will not require the consent or approval of any regulatory authority or governmental authority or agency having jurisdiction over the Borrowers, or any Guarantor, nor be in contravention of or in
conflict with the articles of incorporation, bylaws or other organizational documents of the Borrowers, or any Guarantor that is a corporation, the articles of organization or operating agreement of 4100 Quest, LLC or the provision of any statute,
or any judgment, order or indenture, instrument, agreement or undertaking, to which any Borrower, or any Guarantor is party or by which the assets or properties of the Borrowers, and Guarantors are or may become bound. 
  
 SECTION 6. Counterparts. This Amendment may be executed in multiple
counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement. 
  
 SECTION 7. Governing Law. This Amendment shall be construed in accordance with and governed by the laws of the State of South Carolina. 

 
 SECTION 8. Effective Date. This Amendment shall be effective as of
May 13, 2005. 
  
 SECTION 9. Release of ScanSource Europe
SPRL. The Borrowers, the Guarantors, the Administrative Agent and the Banks acknowledge and agree, as of the Effective Date of this Amendment, ScanSource Europe SPRL shall no longer be considered a Non-U.S. Borrower under the Credit Agreement
and is hereby released from any and all indebtedness, liabilities and obligations under the Credit Agreement and the other Loan Documents. 
  
 [The remainder of this page intentionally left blank.] 
  

 21 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered, or have caused their respective duly
authorized officers or representatives to execute and deliver, this Amendment as of the day and year first above written. 
  

			
	 SCANSOURCE, INC.

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 VP & Chief Financial Officer

	
	 NETPOINT INTERNATIONAL, INC.

		
	 By:
	 	 /s/ Michael L.
Baur                            (SEAL)

	 Title:
	 	 Director & CEO

	
	 4100 QUEST, LLC

		
	 By:
	 	 ScanSource, Inc., its sole member

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 Director & CFO

	
	 PARTNER SERVICES, INC.

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 VP & Director

	
	 SCANSOURCE EUROPE LIMITED

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 Director

  

 22 

			
	 SCANSOURCE EUROPE SPRL

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 Director

	
	 SCANSOURCE UK LIMITED

		
	 By:
	 	 /s/ Richard P.
Cleys                            (SEAL)

	 Title:
	 	 Director

  
 [Remainder of
this page intentionally left blank] 
  

 23 

			
	 BRANCH BANKING AND TRUST COMPANY OF
 SOUTH CAROLINA, as Administrative Agent, U.S.
 Dollar Issuing Bank, Other Currency Issuing Bank,
 and as a Bank

		
	 By:
	 	 /s/ Barry
Maness                            (SEAL)

	 Title:
	 	 SVP

  
 COMMITMENTS 
  
 Facility 
     Commitment: $50,000,000 
  
 Revolving Advance 
     Commitment: $50,000,000

  
 U.S. Dollar Letter of Credit 
     Commitment: $12,500,000 
  
 Other Currency 
     Commitment: $72,500,000 

 
 Other Currency Letter of 
     Credit Commitment: $10,875,000 
  
 [Remainder of this page intentionally left blank] 
  

 24 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as an Other Currency Lender, Other Currency Issuing Bank and a Bank
		
	 By:
	 	 /s/ T.
Snider                                    (SEAL)

	 Title:
	 	 VP

 COMMITMENTS 
  
 Facility 
     Commitment: $27,500,000 
  

Revolving Advance 
     Commitment: $27,500,000 
  
 U.S. Dollar Letter of Credit 
     Commitment: $6,875,000 
  
 Other Currency 
     Commitment: $27,500,000 
  
 Other Currency Letter of 
     Credit Commitment: $4,125,000 

 
 [Remainder of this page intentionally left blank] 
  

 25 

			
	 FIFTH THIRD BANK

		
	 By:
	 	 /s/ Mike
Walton                                (SEAL)

	 Title:
	 	 Vice President

  
 COMMITMENTS 
  
 Facility

     Commitment: $7,500,000 
  
 Revolving Advance 
     Commitment: $7,500,000 
  

U.S. Dollar Letter of Credit 
     Commitment: $1,875,000 
  
 Other Currency 
     Commitment: $-0- 
  
 Other Currency Letter of 
     Credit Commitment: $-0- 
  
 [Remainder of this page intentionally left blank] 
  

 26 

			
	 FIRST TENNESSEE BANK NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Phillip
Stevenson                            (SEAL)

	 Title:
	 	 Sr. Vice President

  
 COMMITMENTS 
  
 Facility

     Commitment: $7,500,000 
  
 Revolving Advance 
     Commitment: $7,500,000 
  

U.S. Dollar Letter of Credit 
     Commitment: $1,875,000 
  
 Other Currency 
     Commitment: $-0- 
  
 Other Currency Letter of 
     Credit Commitment: $-0- 
  
 [Remainder of this page intentionally left blank] 
  

 27 

			
	 HIBERNIA NATIONAL BANK

		
	 By:
	 	 /s/ Laura
Watts                            (SEAL)

	 Title:
	 	 Sr. Vice President

  
 COMMITMENTS 
  
 Facility

     Commitment: $7,500,000 
  
 Revolving Advance 
     Commitment: $7,500,000 
  

U.S. Dollar Letter of Credit 
     Commitment: $1,875,000 
  
 Other Currency 
     Commitment: $-0- 
  
 Other Currency Letter of 
     Credit Commitment: $-0- 
  

 28

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