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                                                                    EXHIBIT 10.1


                       DAISYTEK INTERNATIONAL CORPORATION
                         DIRECTOR AND OFFICER LOAN PLAN
                             Dated November 9, 2000

         Daisytek International Corporation, a Delaware corporation (the
"COMPANY"), hereby adopts the following loan plan (the "PLAN") for non-employee
directors and executive officers of the Company ("PARTICIPANTS"):

1.       Objective.

         The objective of the Plan is to provide additional incentive to
Participants by granting loans ("LOANS") to such persons, the proceeds of which
are to be used by such persons for the sole purpose of purchasing Common Stock
of the Company ("COMMON STOCK") in the open market. The acquisition of Common
Stock with Loans is intended to (i) provide an increased incentive for
Participants to exert their best efforts on behalf of the Company, (ii)
strengthen the ability of the Company to recruit and retain those persons
possessing outstanding competence and the ability to contribute significantly to
the Company's success, (iii) award those Participants who have made significant
contributions to the Company in the past and (iv) further identify the interests
of such Participants with those of the Company and its stockholders by
increasing the desire of such officers to maximize the value of the Company.

2.       Definitions.

         2.1      "ACCEPTANCE DATE" means the date when a Participant accepts
                  the offer by the Company to loan the Participant the purchase
                  price to acquire Shares in the open market.

         2.2      "APPLICABLE INTEREST RATE" means the Cost of Funds plus one
                  percent.

         2.3      "BOARD" means the Board of Directors of the Company provided
                  that if any action taken by the Board relates to a Participant
                  who is a director of the Company, the majority of the
                  directors approving such action shall be disinterested
                  directors.

         2.4      "COMMITTEE" means the Compensation Committee of the Board.

         2.5      "COMMON STOCK" means shares of Common Stock of the Company.

         2.6      "COST OF FUNDS" means the Floating Rate (as defined in the
                  Company's Credit Agreement with Bank One, Texas, NA, and
                  certain other lenders dated December 18, 2000) as of the
                  Acceptance Date.

         2.7      "CREDIT AGREEMENT" means a credit facility or syndicated loan
                  led by Bank One, N.A. or any replacement thereof as determined
                  by the Board.

         2.8      "EFFECTIVE DATE OF THE PLAN" is defined under Section 14
                  hereof.

         2.9      "EXCHANGE ACT" means the Securities and Exchange Act of 1934
                  as amended.

         2.10     "LOAN" means a loan made to a Participant to purchase Shares
                  under the Plan.

         2.11     "LOAN AVAILABILITY PERIOD" means the one-year period in which
                  Loans will be available, commencing on the Effective Date and
                  ending one year thereafter. Such period may be extended or
                  renewed by the Committee in its sole discretion.


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         2.12     "PARTICIPANT" means any non-employee director or any executive
                  officer of the Company who has accepted to receive a Loan
                  pursuant to this Plan for the purpose of purchasing Shares in
                  the open market.

         2.13     "SHARES" means shares of Common Stock purchased by a
                  Participant pursuant to the Plan.

3.       Eligibility.

         Participation in the Plan shall be limited to non-employee directors
and officers of the Company. All Participants shall be required to complete an
"accredited investor questionnaire," or such other documents as the Company may
require to establish that such Participants are aware of the risks of
investment.

         Participants shall be designated by the Board from time to time upon
the recommendation of the Committee. Eligibility confers no vested right to the
grant of any Loans under this Plan.

4.       Grant of Loans.

         During the Loan Availability Period, the Committee may make
recommendations to the Board concerning the granting of Loans under the Plan to
Participants. The Board will meet to consider the recommendations of the
Committee (or will act by written consent in lieu of such a meeting) and will
make a final determination as to the granting of Loans under the Plan to
Participants. The Board's determination may vary from the Committee's
recommendations and the Board may choose to make no Loans at all. Immediately
after the action of the Board, the Committee will notify individuals to whom the
Loans have been granted and will permit such Participants to borrow money upon
the execution and delivery of a Loan Agreement and a Note (each as defined in
Paragraph 5 herein).

5.       Terms of Loans.

         The Company shall make a Loan to a Participant in an amount not to
exceed $50,000 per Participant, for 100% of the purchase price for Shares to be
purchased by a Participant during the 30-day period immediately following the
date the Loan is made to the Participant.

         Each Loan will be made pursuant to the terms and conditions of a loan
agreement (the "LOAN AGREEMENT") in form and substance acceptable to the Company
and evidenced by a promissory note (the "NOTE") in form and substance acceptable
to the Company. Each Loan will comply with all applicable laws, regulations and
rules of the Board of Governors of the Federal Reserve System and any other
governmental agency having jurisdiction. No funds will be advanced until the
Participant has executed and delivered copies of such Loan Agreement and Note to
the Committee.

     Each Note will bear interest at the Applicable Interest Rate and shall be
payable at the earlier of (i) 30 days after the Company makes demand for payment
or (ii) the third anniversary of the date of the Loan. The Board will have sole
discretion concerning when demand for payment of any Loan will be made, but the
Board will consider the following factors:

         (i)      Whether the Company's needs for cash flow or financing make
                  the calling of any Loan advisable;

         (ii)     Whether the Participant's service with the Company has been
                  terminated; and

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         (iii)    Whether the Participant is able to repay the Loan without
                  undue difficulty.

         Upon direction from the Board, the Committee will make demand for
payment and will seek to collect on each Loan not later than three years from
the date funds are advanced under such Loan.

6.       Conditions to Loans.

         As a condition to the granting of any Loan to a Participant, the
Participant shall represent and warrant that he/she shall use the proceeds for
the sole purpose of purchasing Shares. The Board may require the Participant to
execute and deliver to the Company any appropriate or necessary agreements,
representations, or documents in this regard.

7.       Limitation on Loans.

         The total amount of Loans outstanding at any time under this Plan and
at any time during the term of this Plan will not exceed $1,000,000.

8.       Term of Plan.

         This Plan will be effective until terminated by the Board, but no later
than November 9, 2010. Determination of when demand for payment of the Loans
will be made will be vested in the Board (subject to the restriction that all
Loans must be paid within three years from the date funds are advanced, as set
forth in Paragraph 5 above).

9.       Disinterested Persons.

         All actions by the Committee regarding a Loan to a member of the
Committee will be taken without the participation of the Committee member and
all actions by the Board regarding a Loan to a member of the Board will be taken
without the participation of the Board member, but the Committee member and the
Board member, respectively, may be counted for purposes of a quorum.

10.      Administration.

         The Plan will be administered by the Board upon the recommendations of
the Committee.

11.      No Employment Rights.

         The Plan does not constitute a contract of employment, and
participation in the Plan will not give any Participant the right to be retained
in the employ of the Company or an affiliate or the right to continue as an
officer or director of the Company or any right or claim to any benefit under
the Plan unless such right or claim has specifically accrued under the terms of
the Plan or the terms of any award under the Plan.


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12.      Compliance with Applicable Law and Withholding.

         The Company shall have the right to require a Participant to pay to the
Company the amount of any taxes that are required to be withheld with respect to
a Participant's participation in the Plan, including any such taxes required to
be withheld in connection with (i) the purchase by the Participant of any
purchased Shares, (ii) any dividend or distribution in respect of purchased
Shares, (iii) any repayment of a Loan, (iv) the lapse of the period during which
the purchased Shares are restricted by the Loan Agreement, (v) any release of
purchased Shares or (vi) any sale of purchased Shares. To the extent permitted
by the Committee, a Participant may elect to have any distribution otherwise
required to be made under the Plan to be withheld to fulfill any tax withholding
obligation.

13.      Governing Law.

         The Plan and all determinations made and actions taken thereunder, to
the extent not otherwise governed by the laws of the United States, shall be
governed by the internal laws of the State of Texas and construed accordingly.

14.      Effective Date of Plan.

         The "EFFECTIVE DATE" of this Plan shall be November 9, 2000.




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