Exhibit 10.23
FIRST AMENDMENT TO TERM NOTE
This is an amendment to that certain Term Note dated February 12, 1997 in
the original principal amount of $1,181,250.00 payable by Xxxxxx X. Xxxxxxxx to
the order of CompuCom Systems, Inc. (the Note). The parties agree that Section
3.3(a) of the Note is hereby amended in its entirety to read as follows:
a. The principal amount outstanding under this Note (currently
$900,000) shall be due and payable on October 22, 2001. Accrued
interest shall be payable at the same time as the payment of
principal on this Note, and upon payment of this Note in full.
The parties hereby acknowledge and agree that except as amended as
provided above, all other terms and provisions of the Note remain in full force
and effect.
Agreed to as of this 19th day of February, 1999.
CompuCom Systems, Inc.
/s/ Xxxxxx X. Xxxxxxxx By: /s/ X. Xxxxxx Xxxxx
---------------------- --------------------
Xxxxxx X. Xxxxxxxx Its: SVP/CFO