SYSTEMAX INC
EXHIBIT 10.1
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<P ALIGN=RIGHT>EXHIBIT 10.1</P>

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

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
THIRD AMENDMENT, dated as of May 31, 2001 (the &#147;<U>Amendment</U>&#148;), to
the REVOLVING CREDIT AGREEMENT, dated as of November 30, 2000, among SYSTEMAX,
INC., a Delaware corporation (&#147;<U>Systemax</U>&#148;), the subsidiaries of
Systemax named therein (together with Systemax, collectively, the
&#147;<U>Borrowers</U>&#148;), THE CHASE MANHATTAN BANK
(&#147;<U>Chase</U>&#148;), The Bank of New York (&#147;<U>BNY</U>&#148;; and
together with Chase, the &#147;<U>Banks</U>&#148;) and THE CHASE MANHATTAN BANK,
as Agent for the Banks (in such capacity, the &#147;Agent&#148;): </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, aa amended by that certain
First Amendment to Revolving Credit Agreement, dated as of January 22, 2001 and
that certain Second Amendment to Revolving Credit Agreement, dated as of March
16, 2001 (as the same may be amended, modified or supplemented from time to
time, the &#147;Credit Agreement&#148;); 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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&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><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
"Maturity Date" shall mean June 15, 2001</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;This Amendment shall not
become effective until the date (the &#147;Effective Date&#148;) 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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&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 and 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
Agreement. </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;This Amendment may be executed
in any number of counterparts and by the difference 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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&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;
&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% ALIGN=LEFT><P> </P></TD>
<TD WIDTH=50%><P>BORROWER<BR><BR>SYSTEMAX, INC.<BR>CONTINENTAL DYNAMICS CORP.<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>
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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: SR VP<BR><BR><BR>
THE CHASE MANHATTAN BANK,<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individually and as Agent<BR><BR>
By: &nbsp;<U>/s/ Robert Addea&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: VP<BR><BR><BR>
THE BANK OF NEW YORK<BR><BR>
By:&nbsp;<U>/s/ Anita H. Schmidt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: VP</P></TD>
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