EX-10.21 10 ex10-21_d12322.txt EXHIBIT 10.21 AMENDMENT TO AGREEMENT FOR WHOLESALE FINANCING This Amendment to Agreement for Wholesale Financing is made to that certain Agreement for Wholesale Financing entered into by and between GTSI Corp. (f/k/a Government Technology Services, Inc. ("Dealer") and Deutsche Financial Services Corporation ("DFS") as of June 27, 1996, as amended ("Agreement"). FOR VALUE RECEIVED, Dealer and DFS agree to amend the Agreement as follows: 1. Dealer hereby confirms its understanding of the discretionary nature of its credit facility established pursuant to the terms of this Agreement. The foregoing notwithstanding, DFS hereby confirms that it has established a facility available for Dealer's inventory purchases under the terms of the Agreement in the amount of: (i) Thirty-five Million Dollars ($35,000,000) from December 1st of each calendar year through August 31st of the following calendar year, and (ii) Sixty Million Dollars ($60,000,000) from September 1st through November 30th of each calendar year. In addition to the foregoing, DFS has agreed to extend to Dealer a temporary overline in the amount of Twenty-Five Million Dollars ($25,000,000) through May 31, 2002. This overline temporarily increases the amount of Dealer's inventory credit facility up to an aggregate maximum of Sixty Million Dollars ($60,000,000.00) and will automatically expire without further notice from DFS on May 31, 2002. DFS is not permitted to increase the foregoing facility amounts without the prior written consent of a majority, by number, of the "Lenders" (as that term is defined in the Credit Agreement), excluding DFS as a Lender for the purposes of such calculation. 2. Each and every reference in the Agreement to the "Credit Agreement" shall be deemed to refer to that certain Second Amended and Restated Business Credit and Security Agreement among Dealer, DFS as agent, and certain lenders named therein, dated as of July 28, 1997, as amended from time to time. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and in full force and effect. IN WITNESS WHEREOF, Dealer and DFS have executed this Amendment to Agreement for Wholesale Financing this 27 day of March, 2002. 50 GTSI Corp. ATTEST: By: --------------------------------------- Robert D. Russell, Sr. Vice President & Chief Financial Officer --------------------------------- John Spotila, Secretary DEUTSCHE FINANCIAL SERVICES CORPORATION By: --------------------------------------- Greg Ledington, Vice President 51 Lender Acknowledgment and Consent Each of the undersigned Lenders, as such term is defined in that certain Second Amended and Restated Business Credit and Security Agreement dated as of July 28, 1997, as amended from time, among Deutsche Financial Services Corporation, as Agent and a Lender, the other Lenders party thereto and GTSI Corp. f/k/a Government Technology Services, Inc., hereby acknowledges and consents to the terms of the foregoing Amendment to Agreement for Wholesale Financing. DEUTSCHE FINANCIAL SERVICES CORPORATION, as Agent and a Lender By: -------------------------------- Name: Greg Ledington ------------------------------ Title: Vice President ----------------------------- Date: ------------------------------ SUNTRUST BANK, N.A., a Lender By: -------------------------------- Name: Mark Swaak ------------------------------ Title: Vice President ----------------------------- Date: ------------------------------ FLEET CAPITAL CORPORATION, a Lender By: -------------------------------- Name: Sharon Garner ------------------------------ Title: Vice President ----------------------------- Date: ------------------------------ 52