Exhibit 10(ll)

 

AMENDMENT NUMBER 3 TO THE SERIES 1999-1 SUPPLEMENT

 

Amendment Number 3, dated as of March 7, 2002 and effective as of December 31,
2001 (this “Amendment”) to the Series 1999-1 Supplement, dated as of May 7,
1999, as amended and restated as of August 20, 1999, as further amended by
Amendment Number 1 to the Series 1999-1 Supplement, dated as of October 2, 2000,
and as further amended by Amendment Number 2 to the Series 1999-1 Supplement,
dated as of May 17, 2001 (as amended, the “Supplement”), by and among CSI
Funding, Inc. (“CSI”), CompuCom Systems, Inc. (“CompuCom”), PNC Bank, National
Association, Market Street Funding Corporation and Wells Fargo Bank Minnesota,
National Association (f/k/a Norwest Bank Minnesota, National Association) (the
“Trustee”).

 

WHEREAS, the Supplement supplements the Pooling and Servicing Agreement, dated
as of May 7, 1999, as amended and restated as of August 20, 1999 (as amended,
the “Agreement”), by and among CSI, CompuCom and the Trustee; and

 

WHEREAS, all of the parties to the Supplement desire to make the amendments to
the Supplement set forth below;

 

In consideration of the mutual agreements herein contained, each party agrees as
follows for the benefit of the other parties and for the benefit of the Series
1999-1 Certificateholders and the other parties to the Supplement:

 

ARTICLE I

 

Definitions

 

SECTION 1.01. Cross Reference to Definitions in Agreement. Capitalized terms
used in this Amendment and not defined herein or amended by the terms of this
Amendment shall have the meaning assigned to such terms in the Supplement or the
Agreement, as applicable.

 

ARTICLE II

 

Amendments to the Supplement

 

SECTION 2.01. Section 2.1 of the Supplement which modifies Section 10.01 of the
Agreement is hereby modified by replacing in its entirety Section 10.01(e)
thereof with the following new Section 10.01(e):

 

(e) if, while CompuCom is the Servicer, either (i) at the end of the fiscal
quarter of CompuCom ending on either December 31, 2001, March 31, 2002 or June
30, 2002, its Tangible Net Worth is less than $100,000,000 or (ii) at the end of
each fiscal quarter of CompuCom after

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June 30, 2002, its Tangible Net Worth is less than the sum of (a) $100,000,000,
plus (b) 75% of cumulative Consolidated Net Income for the period beginning on
July 1, 2002 and ending on the date of calculation (provided that if
Consolidated Net Income is less than zero for any Fiscal Year, or for the
completed portion of the then-current Fiscal Year, Consolidated Net Income for
such Fiscal Year or portion shall be deemed to be zero) plus (c) 100% of the net
cash proceeds received by CompuCom after the Closing Date for the Series 1999-1
as a result of any offering of equity securities (or securities convertible into
or exchangeable for equity securities) plus (d) an amount equal to the Tangible
Net Worth of any Person that becomes a Subsidiary of CompuCom after the Closing
Date for the Series 1999-1 or any Person (other than CompuCom or a Subsidiary)
is merged with or consolidated with or into CompuCom or any Subsidiary after the
Closing Date for the Series 1999-1 or any Person substantially all of the assets
of which were acquired by CompuCom or any Subsidiary after the Closing Date for
the Series 1999-1, in each case to the extent the purchase price paid therefor
by CompuCom or the applicable Subsidiary is paid in equity securities of
CompuCom or any Subsidiary.

 

ARTICLE III

 

Miscellaneous

 

SECTION 3.01. Counterparts. This Amendment may be executed in two or more
counterparts (and by different parties on separate counterparts), each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

 

SECTION 3.02. Headings. The headings herein are for purposes of reference only
and shall not otherwise affect the meaning or interpretation or any provision
hereof.

 

SECTION 3.03. Supplement in Full Force and Effect as Amended. Except as
specifically amended or waived hereby, all of the terms and conditions of the
Supplement shall remain in full force and effect. All references to the
Supplement in any other document or instrument shall be deemed to mean such
Supplement as amended by this Amendment. This Amendment shall not constitute a
novation of the Supplement, but shall constitute an amendment thereof. The
parties hereto agree to be bound by the terms and obligations of the Supplement,
as amended by this Amendment, as though the terms and obligations of the
Supplement were set forth herein.

 

SECTION 3.04. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICTS OF LAW PROVISIONS.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

COMPUCOM SYSTEMS, INC.

By:

 

/s/    M. LAZANE SMITH        

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Name:  M. LAZANE SMITH

   

Title:  SVP-CFO

CSI FUNDING INC.

By:

 

/s/    DANIEL CELONI        

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Name:  DANIEL CELONI

   

Title:  TREASURER

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WELLS FARGO BANK MINNESOTA,

NATIONAL ASSOCIATION, as trustee

By:

 

/s/    TIMOTHY MATYI        

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Name:  Timothy Matyi

   

Title:  Assistant Vice President

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Consented to by 100% of the Series 1999-1 Certificateholders:

MARKET STREET FUNDING CORPORATION

By:

 

/s/    EVELYN ECHEVARRIA        

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Name:  Evelyn Echevarria

   

Title:  Vice President

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Consented to by:

PNC BANK, NATIONAL ASSOCIATION

By:

 

/s/    JOHN T. SMATHERS        

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Name:  John T. Smathers

   

Title:  Vice President