AMENDMENT NO. 6 AND LIMITED WAIVER TO TRANSFER AND ADMINISTRATION AGREEMENT

          AMENDMENT NO. 6 AND LIMITED WAIVER TO TRANSFER AND ADMINISTRATION
AGREEMENT, dated as of September 27, 2002 (this "Amendment"), to that certain
Transfer and Administration Agreement dated as of March 21, 2001, as amended by
Amendment No. 1 to the Transfer and Administration Agreement dated as of
November 30, 2001, Amendment No. 2 to the Transfer and Administration Agreement
dated as of December 14, 2001, Amendment No. 3 to the Transfer and
Administration Agreement dated as of March 20, 2002, Amendment No. 4 dated as of
March 29, 2002, and Amendment No. 5 dated as of May 22, 2002 (as so amended and
in effect, the "TAA"), by and among Arrow Electronics Funding Corporation, a
Delaware corporation (the "SPV"), Arrow Electronics, Inc., a New York
corporation, individually ("Arrow") and as the initial Master Servicer, the
several commercial paper conduits identified on Schedule A to the TAA and their
respective permitted successors and assigns (the "Conduit Investors"; each
individually, a "Conduit Investor"), the agent bank set forth opposite the name
of each Conduit Investor on such Schedule A and its permitted successors and
assigns (each a "Funding Agent") with respect to such Conduit Investor, and Bank
of America, National Association, a national banking association, as the
administrative agent for the Investors (the "Administrative Agent"), and the
financial institutions from time to time parties thereto as Alternate Investors.
Capitalized terms used and not otherwise defined herein have the meanings
assigned to such terms in the TAA.

PRELIMINARY STATEMENTS:

          WHEREAS, the SPV, Arrow, the Conduit Investors, the Funding Agents,
the Alternate Investors and the Administrative Agent have entered into the TAA;

          WHEREAS, the SPV and Arrow have requested that the Conduit Investors,
the Funding Agents, the Alternate Investors and the Administrative Agent agree
to make certain changes and amendments to the TAA;

          WHEREAS, subject to the terms and conditions set forth herein, the
Conduit Investors, the Alternate Investors, the Funding Agents and the
Administrative Agent are willing to make such changes and amendments to the TAA;
and

          NOW, THEREFORE, in consideration of the premises and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

          SECTION 1.  Amendments to the TAA. Effective as of the date hereof and
subject to the satisfaction of the conditions precedent set forth in Section 4
hereof, the TAA is hereby amended as follows:

               Section 1.1.  The following defined term is hereby added to
Section 1.1 of the TAA in its respective alphabetical location:

                ""Arrow Rating Reporting Event" means the Net Investment
exceeding zero after the occurrence of an Arrow Rating Event."

               Section 1.2.  Section 2.8 of the TAA is hereby amended in its
entirety as follows:

                "SECTION 2.8 Reports. By no later than 4:00 p.m. (New York City
time) on the 18th day of each calendar month or if such day is not a Business
Day, the next succeeding Business Day (and, after (i) the occurrence and
continuance of an Arrow Rating Reporting Event, on the third Business Day of
each week, and (ii) the occurrence of a Termination Event, within two (2)
Business Days after a request from the Administrative Agent) (each, a "Reporting
Date"), the Master Servicer shall prepare and forward to the Administrative
Agent a Master Servicer Report, as at, and for the Calculation Period ending on,
the immediately preceding Month End Date; provided, however, that with respect
to a Master Servicer Report delivered more frequently than monthly, the
information shall be provided as of the Friday of the preceding week. The Master
Servicer Report shall be certified by the SPV and the Master Servicer. The
Administrative Agent shall promptly provide a copy of such Master Servicer
Report to each Investor."

               Section 1.3.  Section 9.2(b) of the TAA is amended in its
entirety as follows:

                "If any Indemnified Party shall have determined that after the
date hereof, the adoption of any applicable Law, any generally accepted
accounting principle or bank regulatory guideline regarding capital adequacy, or
any change therein, or any change in the interpretation or administration
thereof by any Official Body or any accounting board or authority responsible
for the establishment or interpretation of national or international accounting
principles (including, without limitation, under Accounting Research Bulletin
No. 51 of the Financial Accounting Standards Board), or any request or directive
regarding capital adequacy (in the case of any bank regulatory guideline,
whether or not having the force of law) of any such Official Body, has or would
have the effect of reducing the rate of return on capital of such Indemnified
Party (or its parent) as a consequence of such Indemnified Party's obligations
hereunder or under a Program Support Agreement or with respect hereto or thereto
to a level below that which such Indemnified Party (or its parent) could have
achieved but for such adoption, change, request or directive (taking into
consideration its policies with respect to capital adequacy) by an amount deemed
by such Indemnified Party to be material, then from time to time, within ten
(10) days after demand by such Indemnified Party through the Administrative
Agent, the SPV shall pay to the Administrative Agent, for the benefit of such
Indemnified Party, such additional amount or amounts as will compensate such
Indemnified Party (or its parent) for such reduction."

          SECTION 2.  Limited Waiver. Subject to the satisfaction of the
conditions to effectiveness set forth in Section 4 hereof, each of the
Administrative Agent, the Conduit Investors, the Alternate Investors and the
Funding Agents hereby agree to waive, during (and only during) the period
commencing September 30, 2002 and ending on November 13, 2002, the obligation of
the Master Servicer (without giving effect to this Amendment) to deliver a
Master Servicer Report after the occurrence of an Arrow Rating Event pursuant to
Section 2.8(b) of the TAA.

          SECTION 3.  Representations and Warranties. To induce the Conduit
Investors, Alternate Investors, the Funding Agents and the Administrative Agent
to enter into this Amendment, the SPV and Arrow each makes the following
representations and warranties (which representations and warranties shall
survive the execution and delivery of this Amendment) as of the date hereof,
after giving effect to the amendments set forth herein:

               Section 3.1.  Authority. The SPV and Arrow each has the requisite
corporate power, authority and legal right to execute and deliver this Amendment
and to perform its obligations hereunder and under the Transaction Documents,
including the TAA (as modified hereby). The execution, delivery and performance
by the SPV and Arrow of this Amendment and their performance of the Transaction
Documents, including the TAA (as modified hereby), have been duly approved by
all necessary corporate action and no other corporate proceedings are necessary
to consummate such transactions.

               Section 3.2.  Enforceability. This Amendment has been duly
executed and delivered by the SPV and Arrow. This Amendment is the legal, valid
and binding obligation of the SPV and Arrow, enforceable against the SPV and
Arrow in accordance with its terms, subject to applicable bankruptcy,
insolvency, moratorium or other similar laws affecting the rights of creditors
generally and the application of general principles of equity (regardless of
whether considered in a proceeding at law or in equity). The making and delivery
of this Amendment and the performance of the Agreement, as amended by this
Amendment, do not violate any provision of law or any regulation (except to the
extent that the violation thereof could not, in the aggregate, be expected to
have a Material Adverse Effect or a material adverse effect on the condition
(financial or otherwise), business or properties of Arrow and the other
Originators, taken as a whole), or its charter or by-laws, or result in the
breach of or constitute a default under or require any consent under any
indenture or other agreement or instrument to which it is a party or by which it
or any of its properties may be bound or affected.

               Section 3.3  Representations and Warranties. The representations
and warranties contained in the Transaction Documents are true and correct on
and as of the date hereof as though made on and as of the date hereof after
giving effect to this Amendment.

               Section 3.4.  No Termination Event. After giving effect to this
Amendment, no event has occurred and is continuing that constitutes a
Termination Event or a Potential Termination Event.

          SECTION 4.  Conditions Precedent. This Amendment shall become
effective, as of the date hereof, on the date on which the following conditions
precedent shall have been fulfilled:

               Section 4.1.  This Amendment. The Administrative Agent shall have
received counterparts of this Amendment, duly executed by each of the parties
hereto.

               Section 4.2.  Additional Documents. The Administrative Agent
shall have received all additional approvals, certificates, documents,
instruments and items of information as the Administrative Agent may reasonably
request and all of the foregoing shall be in form and substance reasonably
satisfactory to the Administrative Agent and each Funding Agent.

               Section 4.3.  Legal Matters. All instruments and legal and
corporate proceedings in connection with the transactions contemplated by this
Amendment shall be satisfactory in form and substance to the Administrative
Agent, the Administrative Agent's counsel and each Funding Agent and the fees
and expenses of counsel to the Administrative Agent incurred in connection with
the execution of this Amendment and the transactions contemplated hereby shall
have been paid in full.

          SECTION 5.  References to and Effect on the Transaction Documents.

               Section 5.1.  Except as specifically amended and modified hereby,
each Transaction Document is and shall continue to be in full force and effect
and is hereby in all respects ratified and confirmed.

               Section 5.2.  The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of any
Investor, Funding Agent or the Administrative Agent under any Transaction
Document, nor constitute a waiver, amendment or modification of any provision of
any Transaction Document, except as expressly provided in Section 1 hereof.

               Section 5.3.  This Amendment contains the final and complete
integration of all prior expressions by the parties hereto with respect to the
subject matter hereof and shall constitute the entire Amendment among the
parties hereto with respect to the subject matter hereof superseding all prior
oral or written understandings.

               Section 5.4.  Each reference in the TAA to "this Agreement",
"hereunder", "hereof" or words of like import, and each reference in any other
Transaction Document to "the Transfer and Administration Agreement",
"thereunder", "thereof" or words of like import, referring to the Agreement,
shall mean and be a reference to the Agreement as amended hereby.

          SECTION 6.  Execution in Counterparts. This Amendment may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed to be
an original and all of which taken together shall constitute but one and the
same agreement. Delivery of an executed counterpart of a signature page to this
Amendment by telefacsimile shall be effective as delivery of a manually executed
counterpart of this Amendment.

          SECTION 7.  GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          SECTION 8.  WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF,
CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN
CONNECTION WITH THIS AMENDMENT OR ANY OTHER TRANSACTION DOCUMENT.

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

                                    Arrow Electronics Funding Corporation

,

                                    as SPV

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Arrow Electronics, Inc.

,

                                    

individually and as Master Servicer

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Enterprise Funding Corporation

,

                                    

as a Conduit Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Bank of America, National Association,

                                    

as a Funding Agent, as Administrative Agent, and as an
                                    Alternate Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

 

                                    Delaware Funding Corporation,
                                    

as a Conduit Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    JPMorgan Chase Bank,

                                    

(successor by merger to Morgan Guaranty Trust Company
                                    of New York) as a Funding Agent and as an
Alternate
                                    Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Eagle Funding Capital Corporation,
                                    

as a Conduit Investor and as an Alternate Investor

                                    

By: Fleet Securities, Inc.,

                                    

its attorney-in-fact

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Fleet Securities, Inc.

                                    

as a Funding Agent

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Gramercy Capital Corp.,
                                    

as a Conduit Investor

                                    

By: Credit Suisse First Boston, New York Branch,

                                    

its attorney-in-fact

                                         By:___________________________________________

                                             Name:______________________________________

                                             Title:_______________________________________

                                         By:___________________________________________

                                             Name:______________________________________

                                             Title:_______________________________________

                                    Credit Suisse First Boston, New York Branch

                                    as a Funding Agent and as an Alternate
Investor

                                         By:___________________________________________

                                             Name:______________________________________

                                             Title:_______________________________________

                                         By:___________________________________________

                                             Name:______________________________________

                                             Title:_______________________________________

                                    Liberty Street Funding Corp.,
                                    

as a Conduit Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    The Bank of Nova Scotia,

                                    

as a Funding Agent and as an Alternate Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    Gotham Funding Corporation,

                                    

as a Conduit Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________

                                    The Bank of Tokyo-Mitsubishi, Ltd.,

                                    

as a Funding Agent and as an Alternate Investor

                                    By:________________________________________________

                                        Name:___________________________________________

                                        Title:____________________________________________