CompUSA 2011 Annual Report Download - page 102

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(y) Section 6.15 of the Credit Agreement is hereby amended in its entirety to provide as follows:
“Intentionally omitted.”
(z) Article VI of the Credit Agreement is hereby amended by adding the following Section 6.17 to the end of such article:
“6.17 Holding Companies
. Notwithstanding anything to the contrary contained in this Agreement, none of Global
Industrial Holdings LLC, SYX North American Tech Holdings LLC, Rebate Holdings LLC, SYX S.A. Holdings Inc. or SYX S.A.
Holdings II Inc. will engage in any business or own any significant assets or have any material liabilities other than (i) its
ownership of the capital stock of its wholly owned Subsidiaries and (ii) those liabilities which it is responsible for under this
Agreement and the Loan Documents; provided that each such Person may engage in those activities that are incidental to (x) the
maintenance of its existence in compliance with applicable law and (y) legal, tax and accounting matters in connection with any of
the foregoing activities.”
(aa) Article VII (k) is hereby amended by (x) adding the word “or” at the end of clause (ii) thereof and (y) deleting clause (iv) thereof.
(bb) Article VII(s) of the Credit Agreement is hereby amended in its entirety to provide as follows:
“Intentionally omitted.”
(cc) Article VII(t) is hereby amended by deleting the text “, the UK Borrower” contained therein.
(dd) Article VII(u) is hereby amended by deleting the text “, the UK Borrower” contained therein.
(ee) The penultimate paragraph of Article VIII of the Credit Agreement is hereby amended by deleting the text “
The UK Borrower has
requested that the UK Administrative Agent provide daily advice on each UK Business Day setting forth the UK Availability. The UK Administrative
Agent shall not have any liability if it fails to provide such advice on any day. In addition, to the extent the UK Administrative Agent provides such
advice, the UK Administrative shall not have any liability to any party in connection with such advice, including but not limited to, whether the
information in such advice is accurate.”
(ff) Schedule 1(a) (the Commitment Schedule) of the Credit Agreement is hereby replaced with Schedule 1(a) attached hereto.
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