SYSTEMAX INC
EXHIBIT 10.1
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<DESCRIPTION>EXHIBIT 10.1
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<TITLE>Exhibit 10.1</TITLE>
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<P ALIGN=RIGHT><FONT SIZE=3>Exhibit 10.1</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>AMENDMENT NO. 7</B></FONT></P>

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

<P ALIGN=CENTER><FONT SIZE=3><B>LOAN AND SECURITY AGREEMENT</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THIS AMENDMENT NO. 7</B> ("Amendment No. 7") is entered into as of November
17, 2003 by and between SYSTEMAX INC., a corporation organized under the laws of
the State of Delaware ("SYX"), SYSTEMAX MANUFACTURING INC. (formerly known as
Midwest Micro Corp.), a corporation organized under the laws of the State of
Delaware ("SMI"), GLOBAL COMPUTER SUPPLIES INC. (successor by merger to
Continental Dynamics Corp.), a corporation organized under the laws of the State
of New York ("GCS"), GLOBAL EQUIPMENT COMPANY, INC., a corporation organized
under the laws of the State of New York ("GEC"), TIGER DIRECT, INC., a
corporation organized under the laws of the State of Florida ("Tiger"), DARTEK
CORPORATION, a corporation organized under the laws of the State of Delaware
("Dartek"), NEXEL INDUSTRIES, INC., a corporation organized under the laws of
the State of New York ("NII"), MISCO AMERICA INC., a corporation organized under
the laws of the State of Delaware ("Misco"), SYSTEMAX RETAIL SALES INC., a
corporation organized under the laws of the State of Delaware ("SRS"), PAPIER
CATALOGUES, INC., a corporation organized under the laws of the State of New
York ("PCI"), CATALOG DATA SYSTEMS, INC., a corporation organized under the laws
of the State of New York ("CDS"), MILLENNIUM FALCON CORP., a corporation
organized under the laws of the State of Delaware ("MFC"), TEK SERV INC., a
corporation organized under the laws of the State of Delaware ("TSI"), B.T.S.A.,
Inc., a corporation organized under the laws of the State of New York ("BTSA")
and KEYBOARDMALL.COM INC., a corporation organized under the laws of the State
of Delaware ("KMC") (SYX, SMI, GCS, GEC, Tiger, Dartek, NII, Misco, SRS, PCI,
CDS, MFC, TSI, BTSA and KMC, each a "Borrower" and jointly and severally the
"Borrowers"), the lenders who are parties to the Loan Agreement, as defined
herein ("Lenders") and JPMORGAN CHASE BANK, as agent for the Lenders
("Agent").</FONT></P>

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

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Borrowers, Agent and Lenders are parties to a Loan and Security Agreement dated
as of June 13, 2001 (as amended by Amendment No. 1 to Loan and Security
Agreement dated as of September 1, 2001, Amendment No. 2 to Loan and Security
Agreement and Consent dated as of December 13, 2001, Amendment No. 3 to Loan and
Security Agreement dated as of December 20, 2001, Amendment No. 4 to Loan and
Security Agreement and Consent dated as of April 18, 2002, Amendment No. 5 and
Waiver to Loan and Security Agreement dated as of June 30, 2002, Amendment No. 6
to Loan and Security Agreement dated as of September 22, 2003, and as the same
may be amended, supplemented or otherwise modified from time to time, the
&#147;Loan Agreement&#148;) pursuant to which the Lenders provide Borrowers with
certain financial accommodations. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Borrowers have informed Agent and Lenders that they intend to advance up to
$8,500,000 to Systemax Europe Ltd. and Borrowers have requested Agent and
Lenders modify certain reporting requirements during the period when there are
no outstanding Advances and Agent and Lenders are willing to amend the Loan
Agreement on the terms and conditions hereafter set forth. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>NOW</B>, <B>THEREFORE</B>, in consideration of any loan or advance 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;&nbsp;&nbsp;<U>Definitions</U>. All
capitalized terms not otherwise defined herein shall have the meanings given to
them in the Loan 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;&nbsp;&nbsp;<U>Amendment to Loan
Agreement</U>. Subject to satisfaction of the conditions precedent set forth in
Section 3 below, the Loan Agreement is hereby amended 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;The definition of "Trademark Security Agreement" set forth in
Section 1.2 is hereby amended and restated in its entirety as follows:</FONT></P>

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<TD WIDTH=15% ALIGN=LEFT></TD>
<TD WIDTH=85%>&#147;<U>Trademark Security Agreement</U>&#148; shall mean,
collectively, the Trademark Collateral Security Agreements and Trademark
Assignments of Security each dated the Closing Date executed by SYX, Tiger,
Dartek, NII, GEC and Misco and the Trademark Collateral Security Agreement and
Trademark Assignment of Security dated as of April 28, 2003 executed by
GCS.</TD>
</TR>
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<BR>

<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;Definitions of the terms "Excess Cash Balance", "Excess Cash
Balance Borrowing Notice&#148;, &#147;Excess Cash Balance Reduction Period and
&#147;Reporting Events&#148; are hereby added to Section 1.2 where
alphabetically appropriate to read as follows:</FONT></P>

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<TD WIDTH=85%>&#147;<U>Excess Cash Balance</U>&#148; shall mean at any time, the
net credit balance in favor of Borrowers under the Loan Agreement after giving
effect to the then balance of all outstanding Advances.<BR>
<BR>
&#147;<U>Excess Cash Balance Borrowing Notice</U>&#148; shall have the meaning
set forth in Section 2.15 hereof.<BR>
<BR>
&#147;<U>Excess Cash Balance Reduction Period</U>&#148; shall mean any period of
time in excess of five (5) consecutive Business Days that the Excess Cash
Balance shall be less than $15,000,000.<BR>
<BR>
&#147;<U>Notice Period</U>&#148; shall have the meaning set forth in Section
2.15 hereof.<BR>
<BR>
&#147;<U>Reporting Event</U>&#148; shall have the meaning set forth in Section
9.2 hereof.</TD>
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<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;A new Section 2.15 is hereby added to read as follows:</FONT></P>

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<TD WIDTH=85%>&#147;Notwithstanding any other provision herein, Borrowing Agent
shall not be permitted to request an Advance on behalf of any Borrower in an
amount which after giving effect to such request, would result in the Excess
Cash Balance being zero ($-0-), without providing Agent with sixty (60) days
written notice (the &#147;<U>Notice Period</U>&#148;) of such request (each such
notice an &#147;<U>Excess Cash Balance Borrowing Notice</U>&#148;).&#148; </TD>
</TR>
</TABLE>
<BR>

<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;In Section 7.4, (i) the word "and" prior to clause (h) is
changed to a comma and (ii) a new clause is hereby added immediately prior to
the period appearing at the end of such Section 7.4 as follows:</FONT></P>

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<TD WIDTH=85%>&#147;and (i) loans in an aggregate amount at any time not in
excess of $8,500,000 to Systemax Europe Ltd, <U>provided</U>, that such loans
shall be repaid in cash no later than May 30, 2004&#148; </TD>
</TR>
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<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;In Section 9.2 the first sentence thereof is hereby amended and
restated as follows:</FONT></P>

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<TD WIDTH=85%>&#147;Deliver to Agent on or before the twentieth
(20<SUP>th</SUP>) day after the end of each fiscal quarter as and for the prior
fiscal quarter (a) accounts receivable agings, (b) Inventory reports, (c)
accounts payable agings, (d) reconciliations with respect to each of foregoing,
(e) Borrowing Base Certificates, (f) lockbox statements, (g) an Inventory
designation report and (h) such other schedules as Agent may request,
<U>provided</U>, that (i) during an Excess Cash Balance Reduction Period or (ii)
following the receipt by Agent of an Excess Cash Balance Borrowing Notice
through and until such time as the outstanding balance of any Advances made
subsequent to such Notice Period has been reduced to $0 ((i) and (ii)
collectively, the &#147;Reporting Events&#148;) each of (a)-(h) above shall be
delivered to Agent on or before the twentieth (20th) day of each month as and
for the prior month.&#148; </TD>
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<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;In Section 9.2 the second sentence thereof is hereby amended and
restated as follows:</FONT></P>

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<TD WIDTH=85%>&#147;Upon the occurrence of a Reporting Event, Borrower shall
also deliver to Agent, on a daily basis, copies of all sales, collection, debit
and credit adjustment schedules.&#148; </TD>
</TR>
</TABLE>
<BR>

<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions of Effectiveness</U>. This
Amendment No. 7 shall become effective as of the date upon which Agent shall
have received four (4) copies of this Amendment No. 7 executed by Borrowers,
Required Lenders and each Guarantor.</FONT></P>

<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>. Each Borrower hereby releases,
remises, acquits and forever discharges each Lender and Agent and each Lender's
and Agent'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 "Released Parties"), 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 Agreement or the Other Documents (all of the
foregoing hereinafter called the "Released Matters"). 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;
5.&nbsp;&nbsp;&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. 7 and the Loan 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. 7, each Borrower hereby
reaffirms all covenants, representations and warranties made in the Loan
Agreement as amended hereby 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. 7.</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. 7.</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 Loan Agreement.</FONT></P>

<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect on the Loan 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. 7, each reference in
the Loan Agreement to "this Agreement," "hereunder," "hereof," "herein" or words
of like import shall mean and be a reference to the Loan 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 Loan
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. 7 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 Loan
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;
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing Law</U>. This Amendment No. 7 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;
8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings</U>. Section headings in this
Amendment No. 7 are included herein for convenience of reference only and shall
not constitute a part of this Amendment No. 7 for any other purpose.</FONT></P>

<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts; Telecopied Signatures</U>. This
Amendment No. 7 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 shall be deemed to be an original signature
hereto.</FONT></P>

<PAGE>


<P ><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>IN WITNESS WHEREOF,</B> this Amendment No. 7 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;<U>/s/ Steven M. Goldschein&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven M. Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Senior Vice President<BR>
<BR>
SYSTEMAX MANUFACTURING INC.<BR>
GLOBAL COMPUTER SUPPLIES INC.<BR>
GLOBAL EQUIPMENT COMPANY, INC.<BR>
TIGER DIRECT, INC.<BR>
DARTEK CORPORATION<BR>
NEXEL INDUSTRIES, INC.<BR>
MISCO AMERICA INC.<BR>
SYSTEMAX RETAIL SALES 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>
KEYBOARDMALL.COM INC.<BR>
<BR>
<BR>
By:&nbsp;<U>/s/ Steven M. Goldschein&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven M. Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President of each of the
foregoing entities<BR>
<BR>
<BR>
JPMORGAN CHASE BANK, as Lender and as Agent<BR>
<BR>
<BR>
By:&nbsp;<U>Donna M. DiForio&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Donna M. DiForio<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President<BR>
<BR>
<BR>
<BR>
<BR>
TRANSAMERICA BUSINESS CAPITAL CORPORATION,<BR>
as Lender and as Co-Agent<BR>
<BR>
<BR>
By:  <U>/s/ James De Santis&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>
Its:  <U>Duly Authorized Signatory&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
<BR>
<BR>
GMAC COMMERCIAL FINANCE LLC,<BR>
(successor by merger to GMAC COMMERCIAL<BR>
CREDIT LLC), as Lender<BR>
<BR>
<BR>
By:  <U>/s/ David Duffy&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>
Its:  <U>Duly Authorized Signatory&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
</TABLE>
<BR>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT>ACKNOWLEDGED AND AGREED:<BR>
<BR>
SYSTEMAX SUWANEE LLC<BR>
<BR>
BY: Systemax Inc., Member<BR>
<BR>
<BR>
By:&nbsp;<U>/s/ Steven M. Goldschein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven M. Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Senior Vice President<BR>
<BR>
THE MILLENNIUM GROUP LLC<BR>
<BR>
By:  Millennium Falcon Corp., Member<BR>
<BR>
<BR>
By:&nbsp;<U>/s/ Steven M. Goldschein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven M. Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President<BR>
<BR>
<BR>
By:  WRD Sales, Inc., Member<BR>
<BR>
<BR>
By: <U>/s/ William Davis&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: William Davis<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: President</TD>
<TD WIDTH=50%></TD>
</TR>
</TABLE>

<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT>PROFIT CENTER SOFTWARE INC.<BR>
GLOBAL GOV'T/EDUCATION SOLUTIONS INC.<BR>
SYSTEMAX SERVICES INC.<BR>
<BR>
<BR>
By:&nbsp;<U>/s/ Steven M. Goldschein&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven M. Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President of each of the
foregoing entities</TD>
<TD WIDTH=50%></TD>
</TR>
</TABLE>
<BR>



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