Document:

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                                                                    EXHIBIT 10.2

                         THIRD AMENDMENT TO AMENDED AND
                     RESTATED RECEIVABLES PURCHASE AGREEMENT

         This Third Amendment to Amended and Restated Receivables Purchase
Agreement, dated as of May 28, 2002 (this "Amendment"), is among MAXTOR
RECEIVABLES CORPORATION, a California corporation ("Seller"), MAXTOR
CORPORATION, a Delaware corporation ("Maxtor"), the commercial paper conduits
named herein (the "Conduit Purchasers"), the financial institutions named herein
(the "Committed Purchasers"), the parties named herein as agents (the "Agents"),
and FLEET NATIONAL BANK, a national banking association, as administrator for
the Purchasers (in such capacity, the "Administrator").

                                   BACKGROUND

         1. Seller, Maxtor, the Conduit Purchasers, the Committed Purchasers,
the Agents and the Administrator are parties to that certain Amended and
Restated Receivables Purchase Agreement, dated as of November 15, 2001, as
amended by the First Amendment to Amended and Restated Receivables Purchase
Agreement, dated as of February 15, 2002, and by the Second Amendment to Amended
and Restated Receivables Purchase Agreement, dated as of March 15, 2002 (the
"Receivables Purchase Agreement").

         2. The parties hereto desire to amend the Receivables Purchase
Agreement in certain respects as set forth herein.

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

         SECTION 1. Definitions. Capitalized terms used in this Amendment and
not otherwise defined herein shall have the meanings assigned thereto in the
Receivables Purchase Agreement.

         SECTION 2. Tangible Net Worth. Section 10.01(p)(i) of the Receivables
Purchase Agreement is hereby amended by deleting the text thereof in its
entirety and substituting therefore the following:

                  "its Tangible Net Worth to be less than an amount equal to (1)
                  $100,000,000, plus (2) 50% of consolidated Net Income (not to
                  be reduced by losses) from December 31, 2001 to the end of the
                  most recently ended fiscal quarter, plus (3) 75% of the
                  portion of the proceeds of any new issuances of equity
                  securities that exceeds $50,000,000 in any calendar year,
                  minus (4) actual restructuring charges taken after December
                  31, 2001, but no later than December 31, 2002, up to an amount
                  equal to $20,000,000; and"

                                       1
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         SECTION 3. Liquidity Test. Section 10.01(p)(ii) of the Receivables
Purchase Agreement is hereby amended by deleting the number "$150,000,000" where
it appears in clause (2) thereof and substituting therefore the number
"$250,000,000."

         SECTION 4. Representations and Warranties. Each of Parent and Seller
hereby represents and warrants that, after giving effect to this Amendment, (i)
the representations and warranties contained in Article VI of the Receivables
Purchase Agreement are true and correct on and as of the date hereof and shall
be deemed to have been made on such date (except that any such representation or
warranty that is expressly stated as being made only as of a specified earlier
date shall be true and correct in all material respects as of such earlier date)
and (ii) no Liquidation Event or Unmatured Liquidation Event has occurred and is
continuing.

         SECTION 5. Miscellaneous. The Receivables Purchase Agreement, as
amended hereby, remains in full force and effect. Any reference to the
Receivables Purchase Agreement from and after the date hereof shall be deemed to
refer to the Receivables Purchase Agreement as amended hereby. This Amendment
may be executed in counterparts, each of which when so executed shall be deemed
to be an original and all of which when taken together shall constitute one and
the same agreement. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York. Seller, on demand, shall
pay, or reimburse the Administrator for, all of the costs and expenses,
including legal fees and disbursements, incurred by the Administrator or any
Purchaser in connection with this Amendment.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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         IN WITNESS WHEREOF, each of the undersigned has caused this Amendment
to be executed and delivered by its duly authorized officer as of the date first
above written.

                                    MAXTOR RECEIVABLES CORPORATION

                                    By:  /s/ Glen T. Haubl
                                       ----------------------------
                                    Name:  Glen T. Haubl
                                         --------------------------
                                    Title:      CFO
                                          -------------------------

                                    MAXTOR CORPORATION

                                    By:  /s/ Glen T. Haubl
                                       ----------------------------
                                    Name:  Glen T. Haubl
                                         --------------------------
                                    Title:    Treasurer
                                          -------------------------

                                      S-1
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                                    BLUE KEEL FUNDING, LLC,
                                    as a Conduit Purchaser

                                    By: /s/ Andrew M. Yeardo
                                        -------------------------------
                                    Name printed: Andrew M. Yeardo
                                                 ----------------------
                                    Title: Vice President
                                          -----------------------------

                                      S-2
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                                    FLEET NATIONAL BANK, as Administrator
                                    and as Blue Keel Agent

                                    By:  /s/ Debra E. DelVecchio
                                        -------------------------------
                                    Name printed:  Debra E. DelVecchio
                                                 ----------------------
                                    Title:  Director
                                           ----------------------------

                                      S-3
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                                    FLEET NATIONAL BANK,
                                    as a Committed Purchaser

                                    By:  /s/ Debra E. DelVecchio
                                        -------------------------------
                                    Name printed:  Debra E. DelVecchio
                                                 ----------------------
                                    Title:  Director
                                          -----------------------------

                                      S-4
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                                    COMERICA BANK,
                                    as a Committed Purchaser

                                    By:  /s/ Devin Scattini
                                        -------------------------------
                                    Name printed:  Devin Scattini
                                                 ----------------------
                                    Title:  Vice President
                                          -----------------------------

                                      S-5
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                                    LIBERTY STREET FUNDING CORP.,
                                    as a Conduit Purchaser

                                    By:  /s/ Andrew L. Stidd
                                        -------------------------------
                                    Name printed:  Andrew L. Stidd
                                                 ----------------------
                                    Title:  President
                                           ----------------------------

                                      S-6
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                                    THE BANK OF NOVA SCOTIA,
                                    as Liberty Street Agent

                                    By:  /s/ J. Alan Edwards
                                        -------------------------------
                                    Name printed:  J. Alan Edwards
                                                  ---------------------
                                    Title:   Managing Director
                                          -----------------------------

                                      S-7
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                                    THE BANK OF NOVA SCOTIA,
                                    as a Committed Purchaser

                                    By:  /s/ J. Alan Edwards
                                        -------------------------------
                                    Name printed:  J. Alan Edwards
                                                 ----------------------
                                    Title:   Managing Director
                                           ----------------------------

                                      S-8<PAGE>
                                                                    EXHIBIT 10.3

                        [Bank of Nova Scotia Letterhead]

June 20, 2002

Maxtor Peripherals (S) Pte Ltd
No. 2 Ang Mo Kio Street 63
Ang Mo Kio Street Park 3
Singapore 569111

Attention:    Mr. Tiong Chi Sieng, Vice President-Finance/
              Ms. Ten Hui Yah, Director-Finance

Dear Sirs:

BANK GUARANTEE FACILITY OF SGD23,000,000
AMENDMENTS TO COVENANTS ON TANGIBLE NET WORTH AND
CONSOLIDATED CASH BALANCE

1. We refer to the long-term Bank Guarantee Facility of up to SGD23,000,000
(current outstanding amount) ("THE FACILITY") granted under the Guarantee
Facility Agreement dated 31 August 1999 as amended by our letter dated 13
September 1999, an Amendment Agreement dated 23 February 2001, a Supplemental
Agreement dated 2 May 2001, a Second Supplementary Agreement dated 29 January
2002 and our Amendment Letter dated 15 February 2002 (the Guarantee Facility
Agreement as amended, "THE FACILITY AGREEMENT"), and the Security Over Cash
Agreement dated 8 September 1999.

2. We are pleased to advise that at your request, The Bank of Nova Scotia,
Singapore Branch ("THE BANK") is agreeable to amending the definitions of
"CONSOLIDATED TANGIBLE NET WORTH" and "TNW HURDLE" in Clause 15.2 of the
Facility Agreement to read as follows:

                  " "CONSOLIDATED TANGIBLE NET WORTH" is defined as the networth
                  of Maxtor Corporation and its consolidated subsidiaries
                  calculated in accordance with GAAP (i.e., the generally
                  accepted accounting principles in effect in the United States
                  of America from time to time), after subtracting therefrom the
                  aggregate amount of Maxtor Corporation and its consolidated
                  subsidiaries' intangible assets (including, without
                  limitation, goodwill, franchises, licenses, patents,
                  trademarks, tradenames, copyrights and service marks), but
                  including deferred tax liabilities of up to US$338,000,000 and
                  US$90,000,000 of goodwill recorded on 29 December 2001 net of
                  any recoveries."

                  " "TNW HURDLE" means the amount of (1) US$100,000,000 plus (2)
                  50% of the quarterly consolidated positive net Income (not to
                  be reduced by losses) from 31 December 2001 to the end of the
                  most recently ended fiscal quarter, plus (3) 75% of the
                  portion of the proceeds of any new issuance of equity
                  securities in any calendar year which in aggregate exceeds
                  US$50,000,000, MINUS (4) actual
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                  restructuring charges taken after 31 December 2001 but no
                  later than 31 December 2002 up to an amount equal to
                  US$20,000,000."

Pursuant to Clause 15.1.2 of the Facility Agreement, your Company shall procure
that Maxtor Corporation maintain a Consolidated Tangible Net Worth of not less
than the TNW Hurdle at all times.

3. We are also pleased to advise that at your request, the Bank is agreeable to
amending Clause 15.1.1 of the Facility Agreement to read as follows:

                  "the Parent shall at all times maintain a CONSOLIDATED CASH
                  BALANCE of not less than the greater of (1) USD250,000,000,
                  and (2) 1.5 times of the outstanding Capital as of any Cut-Off
                  Date under the Receivable Purchase Agreement ("RPA"). The RPA
                  refers to the existing agreement dated 15 November 2001, as
                  amended from time to time, between Maxtor Corporation, The
                  Bank of Nova Scotia (New York), other financial institutions
                  and other entities related to Maxtor Corporation. The terms
                  "Capital" and "Cut-Off Date" above shall have the same meaning
                  as defined in the RPA. If The Bank of Nova Scotia (New York)
                  ceases to be part of the RPA or if the RPA is terminated prior
                  to the expiry of the Facility, the Parent shall at all times
                  maintain a Consolidated Cash Balance of not less than
                  USD250,000,000."

and amending the definition of "CONSOLIDATED CASH BALANCE" in Clause 15.2 of the
Facility Agreement to read as follows:

                  "CONSOLIDATED CASH BALANCE is defined as the aggregate amount
                  of cash, cash equivalents & marketable securities of Maxtor
                  Corporation and its consolidated subsidiaries but excluding
                  cash deposits that are charged to the Bank under banking
                  facilities granted to the Borrower."

4. With the above amendments, the Bank Guarantee Commission Rate (for the Second
Bank Guarantee and Class A Security) as defined in Clause 1.1 of the Facility
Agreement shall be increased from 0.225% per annum to 0.275% PER ANNUM with
effect from the date of this letter. In this connection, the definition for Bank
Guarantee Commission Rate under Clause 1.1 of the Facility Agreement shall be
amended to read as follows:

                  " "BANK GUARANTEE COMMISSION RATE" means, if Class A Security
                  is in effect, (i) 0.15% per annum or (ii) in respect of the
                  Second Bank Guarantee, 0.275% per annum, and, if Class B
                  Security is in effect, the rate agreed between the Bank and
                  the Borrower, in each case, calculated on the maximum
                  outstanding liability guaranteed by the Bank pursuant to the
                  Bank Guarantee which has been issued hereunder."

5. Save for the above amendments, all other terms and conditions stipulated in
the Facility Agreement and security document stated in Paragraph 1 above shall
remain unchanged.

                                       2
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6. Your Company shall execute legal documents required by the Bank (if any) to
effect the above changes and bear all legal fees incurred in connection
therewith and this Amendment Letter.

7. An Amendment Fee of US$6,500 shall be payable to the Bank upon your
acceptance of this Letter.

8. If the above are acceptable, please sign and return to us the enclosed copy
of this Amendment Letter together with your Company's Board Resolution accepting
this Amendment Letter by 30 June 2002, after which this offer shall lapse unless
an extension is granted by the Bank in writing.

Yours faithfully

/s/ Wah Sun Seong Koon

Wah Sun Seong Koon
Country Head, VP & Branch Manager
--------------------------------------------------------------------------------

We hereby accept and further undertake to observe all the terms and conditions
set out and incorporated in this letter.

We also hereby confirm that the existing charge over cash deposits under the
Security Over Cash Agreement dated 8 September 1999 shall continue to secure the
aforesaid all monies payable in connection with the Facility notwithstanding the
amendments set out above, or in the subsequent legal documentation (if any).

MAXTOR PERIPHERALS (S) PTE LTD

<TABLE>
<S>                                                       <C>
/s/ Tiong Chi Sieng
TIONG CHI SIENG
Vice President, Finance
                                                          20 June 2002
----------------------------------------------------      ---------------------
Company Stamp & Authorised Signatory(ies)                 Date
for and on behalf of Maxtor Peripherals (S) Pte Ltd.
</TABLE>

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