SYSTEMAX INC
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<TYPE>EX-10.17
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<FILENAME>0002.htm
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<TITLE>Exhibit 10.18
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<P ALIGN=RIGHT><FONT SIZE=3>Exhibit 10.17</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>SECOND AMENDMENT</FONT></P>
<P ALIGN=CENTER><FONT SIZE=3>TO</FONT></P>
<P ALIGN=CENTER><FONT SIZE=3>REVOLVING CREDIT AGREEMENT</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECOND
AMENDMENT, <U>dated as of March 16, 2001 (the "Amendment")</U>, to the REVOLVING CREDIT
AGREEMENT, dated as of November 30, 2000, among SYSTEMAX, INC., a Delaware
corporation ("<U>Systemax</U>"), the subsidiaries of Systemax named therein (together
with Systemax, collectively, the "<U>Borrowers</U>"), THE CHASE MANHATTAN BANK
("<U>Chase</U>"), The Bank of New York ("<U>BNY</U>"; and together with Chase, the "Banks")
and THE CHASE MANHATTAN BANK, as Agent for the Banks (in such capacity, the
"<U>Agent</U>"):</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>W I T N E S S E T H:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the
Borrowers, the Banks and the Agent are parties to that certain Revolving Credit
Agreement, dated as of November 30, 2000 as amended by that certain First
Amendment to Revolving Credit Agreement, dated as of January 22, 2001 (as the
same may be amended, modified or supplemented from time to time, the "<U>Credit
Agreement</U>"); and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the
Borrowers have requested that from and after the Effective Date (as hereinafter
defined) of this Amendment, the Credit Agreement be amended subject to and upon
the terms and conditions set forth herein;</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, the parties hereto hereby agree as follows:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
used herein, all terms that are defined in the Credit Agreement shall have the
same meanings herein.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The definition of
the term "Maturity Date" set forth in Section 1.01 of the Credit Agreement is
hereby amended in its entirety to read as follows:</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>"<U>Maturity Date</U>" shall mean May 31, 2001.</FONT></P>


<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall not
become effective until the date (the "<U>Effective Date</U>") on which
this Amendment shall have been executed by the Borrowers and the Banks, and the
Agent shall have received evidence satisfactory to it of such execution. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except to the extent
hereby amended, the Credit Agreement and each of the Loan Documents remain in
full force and effect and are hereby ratified and affirmed. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers agree that
their obligations set forth in Section 9.05 of the Credit Agreement shall extend
to the preparation, execution and delivery of this Amendment, including the
reasonable fees and disbursements of special counsel to the Agent. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Amendment shall be
limited precisely as written and shall not be deemed (a) to be a consent granted
pursuant to, or a waiver or modification of, any other term or condition of the
Credit Agreement or any of the instruments or agreements referred to therein or
(b) to prejudice any right or rights which the Agent or the Banks may now have
or have in the future under or in connection with the Credit Agreement or any of
the instruments or agreements referred to therein. Whenever the Credit Agreement
is referred to in the Credit Agreement or any of the instruments, agreements or
other documents or papers executed or delivered in connection therewith, such
reference shall be deemed to mean the Credit Agreement as modified by this
Amendment. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment may be
executed in any number of counterparts and by the different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which taken together shall constitute but
one and the same instrument. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Amendment 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;
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the day and the year first written.</FONT></P>

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<TD WIDTH=50%>&nbsp;</TD>
<TD WIDTH=50%><FONT SIZE=3>
BORROWER:<BR><BR>

SYSTEMAX INC.<BR>
CONTINENTAL DYNAMICS CORP.<BR>
GLOBAL COMPUTER SUPPLIES INC.<BR>
MIDWEST MICRO CORP.<BR>
DARTEK CORP.<BR>
NEXEL INDUSTRIES INC.<BR>
TIGER DIRECT INC.<BR>
<BR>
<BR>
By:&nbsp;&nbsp;&nbsp;<U>/s/ Steven M. Goldschein</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: V.P.<BR>
<BR><BR>THE CHASE MANHATTAN BANK,<BR>
Individually and as Agent<BR>
<BR>
<BR>
By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Robert Addea&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Title: VP<BR>
<BR>
<BR>

THE BANK OF NEW YORK<BR>
<BR>
<BR>
By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Edward J. DeSalvio&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</U> <BR>
Title:  Vice President
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