SYSTEMAX INC
EX-10.18
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>systemax-ex1018_070506.htm
<DESCRIPTION>EX-10.18
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<TITLE>Ex-10.18</TITLE>
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<P ALIGN=CENTER><FONT SIZE=3><B>AMENDMENT NO. 1 </B></FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3><B>TO </B></FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3><B>AMENDED AND RESTATED CREDIT AGREEMENT </B></FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3><B>WAIVER AND CONSENT </B></FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THIS AMENDMENT NO. 1, WAIVER AND CONSENT </B>(&#147;Amendment No. 1, Waiver
and Consent&#148;) is entered into as of December 19, 2005 by and among SYSTEMAX
INC., a corporation organized under the laws of the State of Delaware
(&#147;SYX&#148;), SYSTEMAX MANUFACTURING INC., a corporation organized under
the laws of the State of Delaware (&#147;SMI&#148;), GLOBAL COMPUTER SUPPLIES
INC., a corporation organized under the laws of the State of New York
(&#147;GCS&#148;), GLOBAL EQUIPMENT COMPANY INC., a corporation organized under
the laws of the State of New York (&#147;GEC&#148;), TIGERDIRECT, INC., a
corporation organized under the laws of the State of Florida
(&#147;Tiger&#148;), DARTEK CORPORATION, a corporation organized under the laws
of the State of Delaware (&#147;Dartek&#148;), NEXEL INDUSTRIES, INC., a
corporation organized under the laws of the State of New York (&#147;NII&#148;),
MISCO AMERICA INC., a corporation organized under the laws of the State of
Delaware (&#147;Misco&#148;), ONREBATE.COM INC., a corporation organized under
the laws of the State of Delaware (&#147;OCI&#148;), PAPIER CATALOGUES, INC., a
corporation organized under the laws of the State of New York (&#147;PCI&#148;),
CATALOG DATA SYSTEMS, INC., a corporation organized under the laws of the State
of New York (&#147;CDS&#148;), MILLENNIUM FALCON CORP., a corporation organized
under the laws of the State of Delaware (&#147;MFC&#148;), TEK SERV INC., a
corporation organized under the laws of the State of Delaware (&#147;TSI&#148;),
B.T.S.A., Inc., a corporation organized under the laws of the State of New York
(&#147;BTSA&#148;), PROFIT CENTER SOFTWARE INC., a corporation organized under
the laws of the State of New York (&#147;PCS&#148;), GLOBAL GOV/ED SOLUTIONS
INC., a corporation organized under the laws of the State of Delaware
(&#147;GGES&#148;), GLOBAL GOVERNMENT &amp; EDUCATION INC., a corporation
organized under the laws of the State of Delaware (&#147;GGE&#148;), SYX
DISTRIBUTION INC., a corporation organized under the laws of the State of
Delaware (&#147;SYXD&#148;), SYX SERVICES INC., a corporation organized under
the laws of the State of New York (&#147;SSI&#148;), and ULTRA PRODUCTS INC., a
corporation organized under the laws of the State of Delaware (&#147;UPI&#148;)
(SYX, SMI, GCS, GEC, Tiger, Dartek, NII, Misco, OCI, PCI, CDS, MFC, TSI, BTSA,
PCS, GGES, GGE, SYXD, SSI and UPI, each a &#147;US Borrower&#148; and jointly
and severally the &#147;US Borrowers&#148;), SYSTEMAX EUROPE LIMITED, a
corporation organized under the laws of Scotland (&#147;the UK Borrower&#148;;
the US Borrowers and the UK Borrower hereinafter each a &#147;Borrower&#148;
and, jointly and severally as the context may require, the
&#147;Borrowers&#148;), SYSTEMAX SUWANEE LLC, a limited liability company
organized under the laws of the State of Delaware (&#147;SSLLC&#148;), and THE
MILLENIUM GROUP LLC, a limited liability company organized under the laws of the
State of Connecticut (&#147;TMGLLC&#148;) (SSLLC, TMGLLC and each US Borrower,
each a &#147;Loan Guarantor&#148; and, jointly and severally as the context may
require, the &#147;Loan Guarantors&#148;), the Lenders party hereto, J.P. MORGAN
EUROPE LIMITED, as UK Administrative Agent, and JPMORGAN CHASE BANK, N.A., as US
Administrative Agent. </FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3><B>BACKGROUND </B></FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Borrowers, Agent and Lenders are parties to an Amended and Restated Credit
Agreement dated as of October 27, 2005 (as amended, supplemented or otherwise
modified from time to time, the &#147;Credit Agreement&#148;) pursuant to which
the Lenders provided the Borrowers with certain financial accommodations.</FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the Effective Date of the Credit Agreement, the Borrowers agreed that on or
before November 30, 2005 (the &#147;Required Date&#148;), US Administrative
Agent would receive &#147;the financial statements of Borrowers on a
Consolidated Basis for the months ended July 31, 2005, August 31, 2005 and
September 30, 2005, with each of the foregoing prepared in accordance with
Section 5.01(c) of the Credit Agreement&#148;. US Administrative Agent did not
receive the financial statements for the month ended September 30, 2005 (the
&#147;Overdue Monthly Financial Statements&#148;) by the Required Date, which
constitutes an Event of Default under the Credit Agreement (the &#147;Financial
Statements Default&#148;). Borrowers have agreed to provide to US Administrative
Agent the Overdue Monthly Financial Statements by no later than December 31,
2005, and have requested Lenders to waive the Financial Statements Default.
Lenders are willing to waive the Financial Statements Default on the terms and
conditions hereafter set forth. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Borrowers have informed Administrative Agents and Lenders that (a) SSLLC intends
to sell the Suwanee Real Property on or about June 15, 2006 (the &#147;Suwanee
Sale&#148;), and (b) GEC intends to enter into a lease for premises located in
Buford, Georgia (the &#147;Georgia Lease&#148;) in order to continue the
business transactions presently conducted in the Suwanee Real Property.
Borrowers have requested Lenders to (x) consent to the Suwanee Sale,
notwithstanding the provisions of Section 6.05 of the Credit Agreement, and (b)
amend Section 6.16 of the Credit Agreement, to permit GEC to enter into the
Georgia Lease. Lenders are willing to consent to the Suwanee Sale and amend the
Credit Agreement on the terms and conditions hereafter set forth. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>NOW</B>, <B>THEREFORE</B>, in consideration of any Loans or grant of credit
heretofore or hereafter made to or for the account of Borrowers by Lenders, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows: </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
All capitalized terms not otherwise defined herein shall have the meanings given
to them in the Credit Agreement.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;<U>Amendments to
Credit Agreement</U>. Subject to satisfaction of the conditions precedent set
forth in Section 5 below, the Credit Agreement is hereby amended as
follows:</FONT></P>

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<TD WIDTH=90%>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New definitions for the terms &#147;Georgia
Lease&#148; and &#147;Georgia Leasehold Property&#148; are hereby inserted into
Section 1.01 of the Credit Agreement where each would appear in correct
alphabetical order:</TD>
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<TD WIDTH=20% ALIGN=LEFT></TD>
<TD WIDTH=80%>&#147;<U>Georgia Lease</U>&#148; means the lease dated as of
December __, 2005, pursuant to which GEC leases the Georgia Leasehold Property
for a term commencing on or about May 1, 2006.<BR>
<BR>
&#147;<U>Georgia Leasehold Property</U>&#148; means that certain Real Property,
leased by GEC, which is located at 2505 Mill Center Parkway, Suite 100, Buford,
Georgia.</TD>
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<TD WIDTH=90%>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 6.16 of the Credit Agreement is hereby
amended by (a) deleting the word &#147;and&#148; appearing at the end of clause
&#147;(ii)&quot;, (b) changing the period appearing at the end of clause
&#147;(iii)&#148; to &#147;; and&#148; and (c) inserting a new clause
&#147;(iv)&#148; as follows:</TD>
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(iv) the Georgia Lease.
</TD>
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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;<U>Waiver</U>.
Subject to satisfaction of the conditions precedent set forth in Section 5
below, Administrative Agents and Lenders hereby waive the Financial Statements
Default. Such waiver is limited precisely to the Financial Statements Default
and shall not be deemed a waiver to or modification of any other Default, Event
of Default or other provision of the Credit Agreement. Borrowers hereby agree
that the failure of US Administrative Agent to receive the Overdue Monthly
Financial Statements on or prior to December 31, 2005 shall constitute a new
Event of Default and nothing contained herein shall constitute any agreement or
inference that such a subsequent Event of Default would be waived or such date
extended.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;<U>Consent</U>.
Subject to satisfaction of each and all of the conditions set forth in Section 5
below, Administrative Agents and Lenders hereby consent to the Suwanee
Sale.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;<U>Conditions of
Effectiveness</U>. This Amendment No. 1, Waiver and Consent shall become
effective as of the date upon which Agent shall have received six (6) copies of
this Amendment No. 1, Waiver and Consent executed by Borrowers, Required Lenders
and each Guarantor. Notwithstanding such effectiveness, the Amendments set forth
in Section 2 hereof, and the Consent set forth in Section 4 hereof, shall not
become effective until the date upon which all of the following further
conditions have been satisfied:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Administrative Agent shall have received a
true and complete copy of the agreement providing for the Suwanee Sale, which
shall be in form and substance satisfactory to US Administrative Agent in its
reasonable discretion;</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Administrative Agent shall have received a
true and complete copy of (i) the Georgia Lease and (ii) a Landlord&#146;s
Consent and Waiver in favor of US Administrative Agent executed by the lessor of
the Georgia Leasehold Property, each of which shall be in form and substance
satisfactory to US Administrative Agent in its reasonable discretion;</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Event of Default or Default has occurred
and is continuing or would exist, after giving effect to this Amendment No. 1,
Waiver and Consent, the Suwanee Sale and the entering into of the Georgia Lease;
and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SSLLC shall have satisfied in full, out of the
cash proceeds of the Suwanee Sale, all Indebtedness secured by the Suwanee Real
Property, the Liens on the Suwanee Real Property securing such Indebtedness
shall have been released and the Net Proceeds of the Suwanee Sale shall have
been remitted to US Administrative Agent for application to the Obligations,
which such sum may thereafter, subject to the terms and conditions of the Credit
Agreement, be reborrowed as US Revolving Loans.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;<U>Release</U>.
Each Borrower hereby releases, remises, acquits and forever discharges each
Lender and Administrative Agent and each Lender&#146;s and Administrative
Agent&#146;s employees, agents, representatives, consultants, attorneys,
fiduciaries, officers, directors, partners, predecessors, successors and
assigns, subsidiary corporations, parent corporations, and related corporate
divisions (all of the foregoing hereinafter called the &#147;Released
Parties&#148;), from any and all actions and causes of action, judgments,
executions, suits, debts, claims, demands, liabilities, obligations, damages and
expenses of any and every character, known or unknown, direct and/or indirect,
at law or in equity, of whatsoever kind or nature, for or because of any matter
or things done, omitted or suffered to be done by any of the Released Parties
prior to and including the date of execution hereof, and in any way directly or
indirectly arising out of or in any way connected to this Amendment No. 1,
Waiver and Consent, the Credit Agreement or the Loan Documents (all of the
foregoing hereinafter called the &#147;Released Matters&#148;). Each Borrower
acknowledges that the agreements in this Section are intended to be in full
satisfaction of all or any alleged injuries or damages arising in connection
with the Released Matters.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;
<U>Representations and Warranties</U>. Borrowers hereby represent and warrant as
follows:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Amendment No. 1, Waiver and Consent, and the Credit Agreement, as amended
hereby, constitute legal, valid and binding obligations of Borrowers and are
enforceable against Borrowers in accordance with their respective
terms.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the effectiveness of this Amendment No. 1, Waiver and Consent, each
Borrower hereby reaffirms all covenants, representations and warranties made in
the Credit Agreement and agree that all such covenants, representations and
warranties shall be deemed to have been remade as of the effective date of this
Amendment No. 1, Waiver and Consent.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No Event of Default or Default has occurred and is continuing or would exist,
after giving effect to this Amendment No. 1, Waiver and Consent. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Borrowers have no defense, counterclaim or offset with respect to the
Credit Agreement.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;<U>Effect on the
Credit Agreement</U>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon the effectiveness of this Amendment No.
1, Waiver and Consent, each reference in the Credit Agreement to &#147;this
Agreement,&#148; &#147;hereunder,&#148; &#147;hereof,&#148; &#147;herein&#148;
or words of like import shall mean and be a reference to the Credit Agreement as
amended hereby.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as specifically amended herein, the
Credit Agreement, and all other documents, instruments and agreements executed
and/or delivered in connection therewith, shall remain in full force and effect,
and are hereby ratified and confirmed.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The execution, delivery and effectiveness of this Amendment No. 1, Waiver and
Consent shall not operate as a waiver of any right, power or remedy of Agent or
any Lender, nor constitute a waiver of any provision of the Credit Agreement, or
any other documents, instruments or agreements executed and/or delivered under
or in connection therewith.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;<U>Governing Law</U>. This
Amendment No. 1, Waiver and Consent shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns and
shall be governed by and construed in accordance with the laws of the State of
New York.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;<U>Headings</U>. Section
headings in this Amendment No. 1, Waiver and Consent are included herein for
convenience of reference only and shall not constitute a part of this Amendment
No. 1, Waiver and Consent for any other purpose.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;<U>Counterparts; Telecopied
Signatures</U>. This Amendment No. 1, Waiver and Consent may be executed by the
parties hereto in one or more counterparts, each of which shall be deemed an
original and all of which taken together shall be deemed to constitute one and
the same agreement. Any signature delivered by a party via telecopier, or
electronically in &#147;pdf&#148; format, shall be deemed to be an original
signature hereto.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>[remainder of page intentionally left blank]<BR>
<BR>
[signature pages follow]</FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>IN WITNESS WHEREOF</B>, this Amendment No. 1, Waiver and Consent has been
duly executed as of the day and year first written above. </FONT></P>

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<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>
SYSTEMAX INC.<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven M. Goldschein<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President<BR>
<BR>
<BR>
SYSTEMAX MANUFACTURING INC.<BR>
GLOBAL COMPUTER SUPPLIES INC.<BR>
GLOBAL EQUIPMENT COMPANY INC.<BR>
TIGERDIRECT, INC.<BR>
DARTEK CORPORATION<BR>
NEXEL INDUSTRIES, INC.<BR>
MISCO AMERICA INC.<BR>
ONREBATE.COM INC.<BR>
PAPIER CATALOGUES, INC.<BR>
CATALOG DATA SYSTEMS, INC.<BR>
MILLENNIUM FALCON CORP.<BR>
TEK SERV INC.<BR>
B.T.S.A., INC.<BR>
PROFIT CENTER SOFTWARE INC.<BR>
GLOBAL GOV/ED SOLUTIONS INC.<BR>
GLOBAL GOVERNMENT &amp; EDUCATION INC.<BR>
SYX DISTRIBUTION INC.<BR>
SYX SERVICES INC.<BR>
ULTRA PRODUCTS INC.<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven M. Goldschein<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President<BR>
<BR>
SYSTEMAX EUROPE LIMITED<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven M. Goldschein<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President</TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER><FONT SIZE=3>(signatures continued on succeeding pages)</FONT></P>

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<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>
SYSTEMAX SUWANEE LLC<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven M. Goldschein<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Manager<BR>
Title:<BR>
<BR>
<BR>
THE MILLENIUM GROUP LLC<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven M. Goldschein<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President</TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT>
JPMORGAN CHASE BANK, N.A., as US Administrative Agent<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;&nbsp;&nbsp;Donna M. DiForio<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President<BR>
<BR>
<BR>
<BR>
J.P. MORGAN EUROPE LIMITED, as UK Administrative Agent<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:<BR>
<BR>
CITIBANK N.A., as Lender<BR>
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<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:<BR>
<BR>
GENERAL ELECTRIC CAPITAL CORPORATION, as Lender<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:<BR>
<BR>
GMAC COMMERCIAL FINANCE LLC, as Lender<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:<BR>
<BR>
HSBC BUSINESS CREDIT (USA) INC., as Lender<BR>
<BR>
<BR>
By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name:<BR>
Title:</TD>
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