STOCK OPTION AGREEMENT
This Option Agreement made as of this 5th day of June, 1995 (the “Date of Grant”) by and between SCANSOURCE,
INC., a South Carolina corporation (the “Company”) and Robert S. McLain, Jr. (“Optionee”).
ScanSource, Inc. wishes to afford Optionee the opportunity to purchase and to sell some of the Company’s shares in
consideration of the mutual agreements and other matters set forth herein. The Company and Optionee hereby agree as follows:
A. OPTION TO PURCHASE
1. Grant of Option to Purchase. The Company hereby grants to Optionee the right and option to purchase all or
any part of 10,000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the
“Option Shares”). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock
dividend or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock
option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “Code”).
2. Purchase Price. The purchase price per share of the Stock to be purchased pursuant to the exercise of this
Option (the “Purchase Price”) shall be $8.625 per share of the Stock, the closing price of the stock on June 2, 1995.
3. Exercise and Closing. Subject to such further limitations as are provided herein, the Option to Purchase shall
become exercisable in three (3) installments, the Optionee having the right hereunder to purchase from ScanSource the
following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion:
This Option shall be exercisable by written notice addressed to the Company at its executive offices, provided, however, that no
exercise shall be permitted unless the dollar
value of the purchase exceeds one thousand ($1,000.00) dollars or the exercise exhausts t