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                                                                    EXHIBIT 10.1

                            LEASE AMENDING AGREEMENT

THIS AGREEMENT made as of the 5TH day of SEPTEMBER, 1997.

B E T W E E N:

                           GPM REAL PROPERTY (6) LTD. & ENDOW (6) INC.

                           (The "Lessor")

                           -and-

                           DAISYTEK (CANADA) INC.

                           (The "Lessee")



A.  WHEREAS the Lessee entered into a lease dated the 1ST day of JUNE, 1995 (the
    "Lease"), for a term of THREE (3) YEARS AND ONE (10) MONTH commencing on
    the FIRST (1ST) day of July, 1995 and expiring on the THIRTY-FIRST (31ST)
    day of JULY, 1998, the ("Term") whereunder the Lessee leased certain
    premises comprising a leasable area of approximately 23,100 square feet
    (the "demised premises") and designated as UNIT 1 shown outlined in red on
    the plan attached to the Lease as Schedule "B" , located at 35 VALEYWOOD
    DRIVE in the City of MARKHAM, in the Province of ONTARIO; and

B.  WHEREAS the Lessor and Lessee entered into an Offer to Lease dated the 
    FOURTEENTH (14TH)  day of  JULY, 1997 (the "Offer") to amend the Lease as of
    and effective from the EIGHTEENTH (18TH) day of SEPTEMBER, 1997 (the 
    "Effective Date"), subject to and upon the terms and conditions herein set 
    out; and

C.  WHEREAS the Lessor and Lessee have agreed to expand the Demised Premises to
    include UNIT 2 (the "Expansion Premises") comprising a leasable area of 
    39,631 square feet.


    NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:

1.  The consideration for this Agreement is the mutual covenants and agreements
    between the parties and the sum of One Dollar ($1.00) that has been paid by 
    each of the parties to the other, the receipt and sufficiency of which 
    acknowledged.

2.  Clause 1 of the Lease (Premises) is hereby amended to reflect the leasable 
    area of the demised premises as of the Effective Date as being 62,731 square
    feet, being UNITS 1 AND 2.

3.  Clause 2 of the Lease (Term) is hereby amended to reflect a period of FOUR
    (4) YEARS AND SIXTEEN (16) DAYS commencing of the FIFTEENTH (15TH) day of 
    SEPTEMBER, 1997 and expiring on the THIRTIETH (30TH) day of SEPTEMBER, 2001.


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4.  Clause 4 of the Lease (Rent) is hereby amended as of the Effective Date to
    reflect that the Lessee shall pay to the Lessor during the period:

    (i)   commencing on SEPTEMBER 15TH, 1997 and expiring on SEPTEMBER 30TH, 
          1999, as basic rent the annual sum of TWO HUNDRED AND NINETY-SEVEN 
          THOUSAND, NINE HUNDRED AND SEVENTY-TWO DOLLARS AND TWENTY-FIVE CENTS 
          ($297,972.25), payable in equal consecutive monthly installments of
          TWENTY-FOUR THOUSAND, EIGHT HUNDRED AND THIRTY-ONE DOLLARS AND TWO
          CENTS ($24,831.02), each in advance on the (1st) day of each calendar
          month during the aforesaid period, based on an annual rate of FOUR
          DOLLARS AND SEVENTY-FIVE CENTS ($4.75) per square foot of the leasable
          area of the demised premises;

    (ii)  commencing on OCTOBER 1ST, 1999 and expiring on SEPTEMBER 30TH, 2001, 
          as basic rent the annual sum of THREE HUNDRED AND THIRTEEN THOUSAND, 
          SIX HUNDRED AND FIFTY-FIVE DOLLARS AND ZERO CENTS ($313,655.00), 
          payable in equal consecutive monthly installments of TWENTY-SIX 
          THOUSAND, ONE HUNDRED AND THIRTY-SEVEN DOLLARS, AND NINETY-TWO CENTS 
          ($26,137.92), each in advance on the first (1st) day of each calendar 
          month during the aforesaid period, based on an annual rate of FIVE 
          DOLLARS AND ZERO CENTS ($5.00) per square foot of the leasable area of
          the demised premises.

    Clause 4 of the Lease is further amended to reflect that the Lessor
    acknowledges that it holds a deposit in the sum of FIFTY-FOUR THOUSAND, FIVE
    HUNDRED and THIRTY-SIX DOLLARS and SEVENTY-SIX CENTS ($54,536.76) inclusive
    of G.S.T. at 7% which shall be applied to the first month's and last month's
    basic rent.

    Only those sections of Paragraph 4 of the Lease shall be deemed amended to
    incorporate the above and all other terms and conditions of Paragraph 4 of 
    the Lease shall prevail.

5.  As of the Effective Date, the Option to Renew clause on Schedule "D" of the
    Lease shall be amended to reflect that the Lessee shall have the option to
    renew the Lease for one (1) additional term of one (1) year upon delivering
    written notice to the Lessor no later than nine (9) months prior to the
    expiry of the Term and upon the same terms and conditions save and except
    for the rental rate, which is to be negotiated at the then current market
    value, but in no event shall the rental rate be less than the rate in the
    last year of the Term.

6.  As of the Effective Date, the Right of First Refusal clause on Schedule "D" 
    of the Lease shall be deleted in its entirety.

7.  Schedule "A" attached hereto replaces Schedule "B" of the Lease.

8.  All other terms and conditions in the Lease are hereby ratified and 
    confirmed.

9.  The parties confirm that the terms, covenants and conditions of the Lease 
    remain unchanged and in full force and effect, except as modified by this 
    Agreement.  It is understood and agreed that all terms and expressions when 
    used in this Agreement, unless a contrary intention is expressed herein, 
    have the same meaning as they have in THE LEASE.


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                                 ACKNOWLEDGEMENT

            Lease between GPM Real Property (6) Ltd. & Endow (6) Inc.
           (the "Landlord") and Daisytek (Canada) Inc. (the "Tenant")
                         dated the 1ST day of JUNE, 1995

WHEREAS a Guarantee and Indemnity Agreement was executed on JUNE 2, 1995,
attached hereto as Schedule "A", whereby Daisytek Incorporated, of Plano, Texas,
in the United State of America (the "Guarantor") did agree to indemnify the
Landlord against the failure of the Tenant to perform, observe and keep all of
the covenants and conditions of the lease dated June 1st, 1995 for premises
located at 35 Valleywood Drive, Markham, Ontario.

AND WHEREAS an Amendment to Lease dated the 18TH day of SEPTEMBER, 1997
increased the area from 23,100 square feet to 62,731 square feet (the "Demised
Premises") and extended the term to the THIRTIETH (30TH) day of SEPTEMBER, 2001
(the "Term").

NOW THEREFORE  the Tenant and the Guarantor confirm and acknowledge that the 
Guarantee and Indemnity Agreement dated JUNE 2ND, 1995 is hereby amended to 
reflect the extension of the Term and the increase in square footage of the 
Premises and the rent and that all other terms thereof shall remain in full 
force and effect.

AGREED AND ACCEPTED this _______day of __________________, 1997.


                                    DAISYTEK (CANADA) INC.


                                    -----------------------------------
                                    Tenant


AGREED AND ACCEPTED this _______day of __________________, 1997.


                                    DAISYTEK INCORPORATED

                                    ---------------------------------c/s
                                    Guarantor

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                                  SCHEDULE "A"

                             GUARANTEE AND INDEMNITY


         WHEREAS GPM REAL PROPERTY (6) LTD., and ENDOW (6) INC., (hereinafter
called the "Landlord") is the registered owner of the following described land:

35 Valleywood Drive, Markham, Ontario;
         Parcel 5-2, Section M-2029, town of Markham, registered in the Land 
         Registry Office for the Land Titles Division of York Regions (No. 65) 
         at Newmarket, designated as Parts 2,  3, and 4, Plan 65R-6328 being 
         part block 5 on Plan  65M-2029

         (hereinafter called the "Land"): and


         WHEREAS the Landlord has agreed to demise and lease unto DAISYTEK
CANADA INC. (hereinafter call the "Tenant") a certain portion of the Land
pursuant to that Lease in writing (hereinafter called the "Lease") to which this
Guarantee and Indemnity is attached; and

         WHEREAS it is a condition of the granting of the Lease by the Landlord 
that DAISYTEK INCORPORATED, in the City of  Plano, in the State of Texas, in the
United States of America, (hereinafter called the "Guarantor") execute and 
deliver this Guarantee and Indemnity;

         WHERE the Guarantor herein is composed of more than one person, the
obligations of the Lessee are joint and several obligations of each of such
persons;

         NOW THEREFORE in consideration of the premises and the sum of TEN
($10.00) DOLLARS and in consideration of other good and valuable consideration
(the sufficiency and receipt whereof the Guarantor hereby acknowledges) the
Guarantor does hereby promise, covenant and agree to and with the Landlord as
follows:

         (a)  The guarantee and indemnity and the covenants and agreements 
              respecting the Guarantor as set forth in these presents shall be 
              as against the Guarantor construed as and be deemed a guarantee 
              and indemnity respecting all the obligations of the Tenant as set
              forth in the Lease;

         (b)  In the event the Tenant, for any reason whatsoever including, 
              without limitation, bankruptcy, liquidation, or other insolvency 
              of the Tenant, fails to duly and timeously perform, observe, and 
              keep each and every covenant and condition in the Lease on the 
              Tenant's part to be performed, observed and kept, including the 
              payment of all monies, whether rent or otherwise then in any and 
              every such event and so often as the same shall happen up to the 
              expiry date specified in the Lease, or, in the event the Lease is
              renewed or extended, up to the expiry date specified for any such 
              renewal or extension, provided the Tenant is not then in default 
              of any of its obligations under the Lease (hereinafter called the
              "Expiry Date"), the Guarantor will perform, observe and keep such
              covenants and conditions wherein the Tenant has failed, and where
              such failure is default in payment or any money, the Guarantor
              will promptly pay the same to the Landlord or such other party to
              whom the same is payable in accordance with the provision of the
              Lease.

         (c)  That the Landlord is not bound to exhaust its recourse against the
              Tenant or any other party or parties nor realize upon any other 
              security it may hold before requiring the Guarantor to perform the
              terms and conditions of the Guarantor's covenants herein;

         (d)  That the Guarantor shall not be released from the guarantee and
              indemnity hereunder for any reason whatsoever and in particular 
              without restricting the generality of the foregoing, for any of 
              the following reasons:

                  (i)  any delay, or any extension of the time granted or 
                       permitted to the Tenant by the Landlord; or

                  (ii) any waiver or any neglect or forbearance by the Landlord 
                       in requiring or enforcing the strict or other performance
                       of any of the covenants, conditions or agreements imposed
                       by the Lease on the Tenant; or


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                 (iii)  any failure of the Landlord in notifying the Guarantor 
                        of any default of the Tenant respecting the Lease; or

                 (iv)   any amendment, variation or renewal of the Lease 
                        negotiated between the Landlord and the Tenant whether 
                        with or without the knowledge of the Guarantor, 
                        including any increase in Basic Rent determined upon in 
                        accordance with the term of the Lease; or

                 (v)    any assignment of the Lease or any sub-letting or 
                        abandonment of all or any part of the premises demised 
                        pursuant to the Lease prior to the Expiry Date thereof 
                        and whether effected by the Landlord in concert with the
                        Tenant or by the Landlord alone or the Tenant alone or 
                        by the operation of law, other than by expropriation or 
                        by condemnation of the demised premises by any competent
                        authority; or

                 (vi)   any election of any liquidator or trustee in bankruptcy 
                        of the Tenant to assign, surrender, abandon, or disclaim
                        the whole or any part of the demised premises or the 
                        Lease; or

                 (vii)  any distress, re-entry or dispossession by the 
                        Landlord; or

                 (viii) any other cause or reason for which sureties or joint 
                        and several debtors may be relieved.


         e)   That the liability of a Guarantor to pay or perform hereunder 
              shall arise from time to time when notice in writing is given by 
              personal service on the Guarantor, or if a corporation or an 
              officer of the address of the Guarantor last known to the 
              Landlord, and any such notice so sent shall be deemed to be given 
              to the Guarantor two (2) days following the day on which the same 
              was posted in a Post Office in Canada;

         f)   That in the event the Lease ends or is otherwise terminated or 
              becomes unenforceable prior the Expiry Date (hereinafter called 
              "Early Termination"). Then notwithstanding such Early Termination,
              the Guarantor with respect to the Lease:

              (i)  hereby and by these presents indemnify and hold harmless the 
                   Landlord from and against any and all loss, damage, liability
                   or expense which the Landlord may sustain or incur by reason 
                   of such Early Termination and the loss of rentals and revenue
                   and all other monies which would otherwise have been payable 
                   to the Landlord pursuant to the Lease for the period from 
                   such Early Termination to the Expiry Date, and

              (ii) will pay to the Landlord on demand from time to time the 
                   amount(s) representing any such loss, damage, liability or 
                   expense sustained or incurred by the Landlord to the date of 
                   such demand.

         g)   That the acceptance of the surrender of the Lease from the Tenant 
              or the termination of the Lease by the Landlord or by a Court upon
              the application of the Landlord in any of the foregoing cases due 
              to the failure of the Tenant to pay rental or to perform observe 
              and fulfill the covenants, conditions and agreements imposed by 
              the Lease on the Tenant shall be regarded as an Early Termination 
              pursuant to the immediately preceding clause hereof even though 
              such Early Termination has been brought about by the Landlord if a
              consequence of such Early Termination is that the guarantee herein
              fails, ceases to exist or becomes unenforceable.

         h)   That upon Early Termination of the Lease the Landlord shall be at 
              liberty (but shall not be obligated) to take such reasonably 
              prudent steps as the Landlord determines to let that portion of 
              the Lands subject to the Lease, so as to minimize the Landlord's 
              loss and the Guarantor's liability to the Landlord arising 
              hereunder.  In the event that the Landlord so relets such portion 
              of the Lands, then all costs of such reletting, including 
              advertising, legal, commissions or fees paid to any rental agent, 
              repairs and the like shall be deemed a loss occasioned by an Early
              Termination as contemplated in Clause (f) hereof.

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         i)   That this guarantee and indemnity shall be construed in accordance
              with the laws in force in the Province of Ontario.

         j)   That this guarantee and indemnity shall extend to and enure to the
              benefit of the Landlord, its successors and assigns and reference 
              herein to any one of the undersigned is a reference to and shall 
              be construed as including the heirs, executors, successors and 
              assigns of such Guarantor.

         k)   That notwithstanding anything herein or otherwise to the contrary 
              the Landlord shall not be required to proceed upon the guarantee 
              and exhaust its recourse in that regard or proceed against the 
              Tenant or any other securities it may hold prior to the Landlord 
              proceeding against the Guarantor or any of them under the 
              indemnity and that the taking of a judgment with respect to the 
              guarantee or the recovery of any part of the monies pursuant 
              thereto shall not constitute or be deemed to constitute a merger 
              of any of its other rights hereunder.

         l)   The Guarantor will fulfill all other Tenants covenants and 
              conditions in the Lease.



         IN WITNESS WHEREOF these presents have been duly executed by the
Guarantor at the City of Plano, in the State of Texas, this _________ of
_________, 199__.



SIGNED, SEALED AND DELIVERED                )
IN THE PRESENCE OF:                         )
                                            )
                                            )
                                            )
                                            )
-------------------------------             )        ---------------------------
WITNESS                                     )        GUARANTOR
                                            )
                                            )
                                            )
                                            )        ---------------------------
                                            )        GUARANTOR