Circuit City 2003 Annual Report Download - page 33

Exhibit 10.19
AMENDMENT NO. 6
TO
LOAN AND SECURITY AGREEMENT
THIS AMENDMENT NO. 6 ("Amendment No. 6") is entered into as of September 22, 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").
BACKGROUND
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, and as the
same may be amended, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to
which the Lenders provide Borrowers with certain financial accommodations.
Borrowers have requested Agent and Lenders to increase the maximum amount of Letters of Credit which may be
issued under the terms of the Loan and Security Agreement from $7,500,000 to $10,000,000 and Agent and Lenders are
willing to do so on the terms and conditions hereafter set forth.
NOW , THEREFORE
, 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:
1. Definitions . All capitalized terms not otherwise defined herein shall have the meanings given to them in the
Loan Agreement.
2. Amendment to Loan Agreement . Subject to satisfaction of the conditions precedent set forth in Section 3
below, the penultimate sentence appearing in Section 2.8 of the Loan Agreement is hereby amended and restated in its
entirety as follows:
The maximum amount of outstanding Letters of Credit shall not exceed $10,000,000 in the aggregate at any
time