EXHIBIT 10.3
[LOGO AND LETTER OF IBM CREDIT CORPORATION APPEARS HERE]
April 22, 1998
Compucom Systems, Inc.
Xx. Xxxxxx Xxxxxx
Vice President, Finance
0000 Xxxxxx Xxxx
Xxxxxx, XX 00000
Reference: Agreement for Inventory Financing, dated September 20, 1996 (the
"Agreement")
Dear Xxx,
IBM Credit Corporation ("IBM Credit") is pleased to offer Compucom Systems, Inc.
("Compucom") an extension of the terms of the Agreement for the period specified
below.
Please indicate your acceptance of this extension of the Termination Date (as
defined in the Agreement) from December 21, 1997 to September 21, 1998 by
signing this letter, where indicated, and returning it to IBM Credit on or
before May 22, 1998.
Compucom acknowledges that the Agreement has been in full force and effect for
the period December 21, 1997 through and including the date that this letter is
executed by both IBM Credit and Compucom.
Except as specifically modified by this letter, the terms and conditions of the
Agreement shall remain in full force and effect.
IBM Credit wants to provide Compucom with quality financial services as an
enhancement to Compucom's business activities. IBM Credit therefore appreciates
this opportunity to respond to Compucom's financing needs.
Sincerely, Acknowledged and Agreed to:
IBM CREDIT CORPORATION *COMPUCOM SYSTEMS, INC.
By: [ILLEGIBLE] By: /s/ XXXXXX XXXXXX
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Title: AOM - Credit Title: VP - Finance
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Date: April 22, 1998 Date: April 24, 1998
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*Please read in conjunction with
Amendment for Inventory
Financing made as of December
16, 1997 by and between CompuCom
Systems Inc. and IBM Credit
Corporation DC 4/24/98.
