Document:

EXHIBIT 4.21

                     SETTLEMENT AGREEMENT AND MUTUAL RELEASE
                     ---------------------------------------

         This Settlement Agreement and Mutual Release (the "Agreement") is
entered into as of March 14, 2001, by and between TELENETICS CORPORATION, a
California corporation ("Telenetics") and CALIFORNIA INTEGRATION COORDINATORS,
INC., a California corporation ("CIC"). This Agreement is entered into with
reference to the following facts:

                                    RECITALS
                                    --------

         A. Telenetics is indebted to CIC in the aggregate amount of
approximately $94,343.00 (the "Indebtedness").

         B. Telenetics has agreed to issue, and CIC has agreed to accept as
payment in full of the Indebtedness, in lieu of cash, 147,990 shares of common
stock of Telenetics.

         C. In consideration of the mutual covenants, agreements and promises
set forth in this Agreement, and other good and valuable consideration, the
receipt of which is hereby acknowledged each party to this Agreement agrees as
follows:

                                    AGREEMENT

         1. The foregoing Recitals shall be part of this Agreement.

         2. Telenetics shall issue to CIC, 147,990 shares of its common stock.
In calculating the number of shares of Telenetic's common stock to be issued to
CIC pursuant to this Agreement (the "Shares"), the value of the Shares shall be
$0.6375 per share.

         3. CIC expressly agrees to the issuance of the Shares and hereby agrees
to accept the Shares as full payment and in complete satisfaction of the
Indebtedness.

         4. Telenetics agrees that the Shares will be validly issued, fully paid
and nonassessable.

<PAGE>

         5. Telenetics warrants that it has authorized a sufficient number of
shares of common stock to provide for the issuance of the Shares.

         6. CIC has had access to all information that it desires concerning
Telenetics, including all of its reports filed with the Securities and Exchange
Commission

         7. CIC has no need for liquidity in this investment in the Shares and
has no reason to anticipate any change in its circumstances, financial or
otherwise, which may cause or require any sale or distribution by CIC of all or
any part of the Shares.

         8. CIC represents that it has a preexisting business relationship with
Telenetics, and by reason of its business and financial experience and the
business and financial experience of its professional advisors who are
unaffiliated with, and who are not compensated by Telenetics or any affiliate or
selling agent of Telenetics, directly or indirectly, has the capacity to protect
its own interests in connection with the issuance of the Shares.

         9. In evaluating the merits and risks of this investment, CIC has
relied on the advice of its tax advisor, investment advisor and/or legal
counsel.

         10. CIC acknowledges that the Shares have not been registered (these
shares are to be registered under a Form S-3) or qualified under the Securities
Act of 1933, as amended (the "Act") or any state securities law. Accordingly,
the Shares may be sold or otherwise transferred or hypothecated only if they are
subsequently registered or qualified under the Act or applicable laws or if, in
the opinion of counsel, an exemption from registration or qualification
thereunder is available and the transaction will not jeopardize the availability
of the exemptions under applicable federal and state securities laws relied upon
by Telenetics in connection with the issuance of the Shares.

                                      -2-
<

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         11. CIC acknowledges that the securities were not offered by means of
any general solicitation or advertising.

         12. CIC is acquiring the Shares solely for its own account, for
investment purposes only, and not with an intent to sell, or for resale in
connection with any distribution of all or any portion of the Shares within the
meaning of the Act except as permitted by law.

         13. The principal executive offices of CIC are located in the State of
California.

         14. CIC hereby agrees that it shall make no disposition of the Shares
unless and until it has provided Telenetics with reasonable written assurances,
in form and substance satisfactory to Telenetics, that (i) the proposed
disposition does not require registration or qualification of the Shares under
the Act or any state securities laws; or (ii) all appropriate action necessary
for compliance with the registration requirements of the Act or any state
securities laws or of any exemption from registration available under the Act
(including Rule 144) or any state securities laws has been taken.

         15. CIC further understands and agrees that (i) the legend set forth in
Section 16 below will be placed on the certificate(s) evidencing the Shares and
on any certificate(s) issued to transferees; and (ii) the stock records of
Telenetics will be noted with such restrictions.

         16. Each certificate representing the Shares shall have conspicuously
printed on it the following legends:

                  "THESE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT
         BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
         "ACT"), OR THE SECURITIES LAWS OF THE VARIOUS STATES, AND HAVE BEEN
         ISSUED AND SOLD PURSUANT TO AN EXEMPTION FROM THE ACT, AND MAY NOT BE
         SOLD, PLEDGED OR OTHERWISE TRANSFERRED BY THE HOLDER THEREOF AT ANY
         TIME EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED
         UNDER THE ACT COVERING THESE SHARES, OR (2) UPON DELIVERY TO THE
         CORPORATION OF ANY OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION
         THAT THESE SHARES MAY BE TRANSFERRED WITHOUT REGISTRATION."

                                      -3-

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         17. Registration Rights.

                  (a) On or before March 20, 2001, Telenetics shall, at its sole
         cost and expense, file a registration statement on the appropriate form
         under the Act with the Securities and Exchange Commission covering all
         of the Shares. Telenetics will use its best efforts to have such
         registration statement declared effective as soon as possible after
         filing, and to keep such registration statement current and effective
         until December 20, 2001 or until such earlier date as all of the Shares
         registered pursuant to such registration statement shall have been
         sold.

                  (b) If Telenetics effects any registration under the Act of
         the Shares pursuant to Section 17(a) above, Telenetics shall indemnify,
         to the extent permitted by law, and hold harmless CIC, any underwriter,
         any officer, director, affiliate, shareholder, employee or agent of CIC
         or underwriter, and each other person, if any, who controls CIC or
         underwriter within the meaning of Section 15 of the Act, against any
         losses, claims, damages, liabilities, judgment, fines, penalties, costs
         and expenses, joint or several, or actions in respect thereof
         (collectively, the "Claims"), to which each such indemnified party
         becomes subject, under the Act or otherwise, insofar as such Claims
         arise out of or are based upon any untrue statement or alleged untrue
         statement of any material fact contained in the registration statement
         or prospectus or any amendment or supplement thereto or any document
         filed under a state securities or blue sky law (collectively, the
         "Registration Documents") or insofar as such Claims arise out of or are
         based upon the omission or alleged omission to state in any
         Registration Document a material fact required to be stated therein or
         necessary to make the statements made therein not misleading, and will
         reimburse any such indemnified party for any legal or other expenses
         reasonably incurred by such indemnified party in investigating or
         defending any such Claim; provided that Telenetics shall not be liable
         in any such case to a particular indemnified party to the extent such
         Claim is based upon an untrue statement or alleged untrue statement of
         a material fact or omission or alleged omission of a material fact made
         in any Registration Document in reliance upon and in conformity with
         information furnished to Telenetics by or on behalf of such indemnified
         party specifically for use in the preparation of such Registration
         Document.

                                      -4-
<PAGE>

                  (c) In connection with any registration statement in which CIC
         is participating, CIC shall indemnify, to the extent permitted by law,
         and hold harmless Telenetics, each of its directors, each of its
         officers who have signed the registration statement, each other person,
         if any, who controls Telenetics within the meaning of Section 15 of the
         Act, each other seller with securities registered pursuant to the same
         registration statement under which the Shares are registered, and each
         underwriter, any officer, director, affiliate, shareholder, employee or
         agent of any such other seller or underwriter and each other person, if
         any, who controls such other seller or underwriter within the meaning
         of Section 15 of the Act, against any Claims to which each such
         indemnified party may become subject under the Act or otherwise,
         insofar as such Claims (or actions in respect thereof) are based upon
         any untrue statement or alleged untrue statement of any material fact
         contained in any Registration Document, or insofar as any Claims are
         based upon the omission or alleged omission to state in any
         Registration Document a material fact required to be stated therein or
         necessary to make the statements made therein not misleading, and will
         reimburse any such indemnified party for any legal or other expenses
         reasonably incurred by such indemnified party in investigating or
         defending any such Claim; provided, however, that such indemnification
         or reimbursement shall be payable only if, and to the extent that, any
         such Claim arises out of or is based upon an untrue statement or
         alleged untrue statement or omission or alleged omission made in any
         Registration Document in reliance upon and in conformity with
         information furnished to Telenetics by CIC specifically for use in the
         preparation thereof.

                                      -5-

<PAGE>

                  (d) Any person entitled to indemnification under Section 17(b)
         or 17(c) above shall notify promptly the indemnifying party in writing
         of the commencement of any Claim if a claim for indemnification in
         respect thereof is to be made against an indemnifying party under this
         Section 17(d), but the omission of such notice shall not relieve the
         indemnifying party from any liability which it may have to any
         indemnified party otherwise than under Section 17(b) or 17(c) above,
         except to the extent that such failure shall materially adversely
         affect any indemnifying party or its rights hereunder. In case any
         action is brought against the indemnified party and it shall notify the
         indemnifying party of the commencement thereof, the indemnifying party
         shall be entitled to participate in, and, to the extent that it
         chooses, to assume the defense thereof with counsel reasonably
         satisfactory to the indemnified party; and, after notice from the
         indemnifying party to the indemnified party that it so chooses, the
         indemnifying party shall not be liable for any legal or other expenses
         subsequently incurred by the indemnified party in connection with the
         defense thereof; provided, however, that (i) if the indemnifying party
         fails to take reasonable steps necessary to defend diligently the Claim
         within twenty (20) days after receiving notice from the indemnified
         party that the indemnified party believes it has failed to do so; (ii)
         if the indemnified party who is a defendant in any action or proceeding
         which is also brought against the indemnifying party reasonably shall
         have concluded that there are legal defenses available to the
         indemnified party which are not available to the indemnifying party; or
         (iii) if representation of both parties by the same counsel is
         otherwise inappropriate under applicable standards of professional
         conduct, the indemnified party shall have the right to assume or
         continue its own defense as set forth above (but with no more than one
         firm of counsel for all indemnified parties, except to the extent any
         indemnified party or parties reasonably shall have concluded that there
         are legal defenses available to such party or parties which are not
         available to the other indemnified parties or to the extent
         representation of all indemnified parties by the same counsel is
         otherwise inappropriate under applicable standards of professional
         conduct) and the indemnifying party shall be liable for any reasonable
         expenses therefor; provided, that no indemnifying party shall be
         subject to any liability for any settlement of a Claim made without its
         consent (which may not be unreasonably withheld, delayed or
         conditioned). If the indemnifying party assumes the defense of any
         Claim hereunder, such indemnifying party shall not enter into any
         settlement without the consent of the indemnified party if such
         settlement attributes liability to the indemnified party.

                                      -6-

<PAGE>

                  (e) If for any reason the indemnity provided in Section 17(b)
         or 17(c) above is unavailable, or is insufficient to hold harmless, an
         indemnified party, then the indemnifying party shall contribute to the
         amount paid or payable by the indemnified party as a result of any
         Claim in such proportion as is appropriate to reflect the relative
         benefits received by the indemnifying party on the one hand and the
         indemnified party on the other from the transactions contemplated by
         this Agreement. If, however, the allocation provided in the immediately
         preceding sentence is not permitted by applicable law, then each
         indemnifying party shall contribute to the amount paid or payable by
         such indemnified party in such proportion as is appropriate to reflect
         not only such relative benefits but also the relative fault of the
         indemnifying party and the indemnified party as well as any other
         relevant equitable considerations. The relative fault shall be
         determined by reference to, among other things, whether the untrue or
         alleged untrue statement of a material fact or the omission or alleged
         omission to state a material fact relates to information supplied by
         the indemnifying party or by the indemnified party and the parties'
         relative intent, knowledge, access to information and opportunity to
         correct or prevent such statement or omission. The amount paid or
         payable in respect of any Claim shall be deemed to include any legal or
         other expenses reasonably incurred by such indemnified party in
         connection with investigating or defending any such Claim.
         Notwithstanding the foregoing, no underwriter or controlling person
         thereof, if any, shall be required to contribute, in respect of such
         underwriter's participation as an underwriter in the offering, any
         amount in excess of the amount by which the total price at which the
         Shares underwritten by it and distributed to the public were offered to
         the public exceeds the amount of any damages which such underwriter has
         otherwise been required to pay by reason of such untrue or alleged
         untrue statement or omission or alleged omission. No person guilty of
         fraudulent misrepresentation (within the meaning of Section 11(f) of
         the Act) shall be entitled to contribution from any person who was not
         guilty of such fraudulent misrepresentation. The obligation of any
         underwriters to contribute pursuant to this Section 17(e) shall be
         several in proportion to their respective underwriting commitments and
         not joint.

                                      -7-

<PAGE>

                  (f) The provisions of Section 17(b) through 17(e) of this
         Agreement shall be in addition to any other rights to indemnification
         or contribution which any indemnified party may have pursuant to law or
         contract and shall remain operative and in full force and effect
         regardless of any investigation made or omitted by or on behalf of any
         indemnified party and shall survive the transfer of the Shares by any
         such party.

         18. Except for any obligations imposed by this Agreement, Telenetics
and CIC, and, as applicable, each of their respective agents, successors,
predecessors, parent companies, affiliated companies, related companies,
partners, officers, directors, shareholders, representatives, employees,
attorneys, insurance companies, assigns and heirs, and each of them, past and
present, hereby release and forever discharge each other party and each of their
respective agents, successors, predecessors, parent companies, affiliated
companies, related companies, partners, officers, directors, shareholders,
representatives, employees, attorneys, insurance companies, assigns and heirs,
and each of them, past and present, with respect to any and all claims, demands,
liabilities, obligations, debts, attorneys' fees, costs, accounts, actions, or
causes of action which any of the parties have or claim to have as of the date
of this Agreement, in law or equity, whether known or unknown, which pertain to
or which arise out of and/or which pertain to, or is in any connected with the
past relationships between the parties.

         19. As a condition of this Agreement and in furtherance of the release
provisions set forth in this Agreement, the parties expressly waive any and all
rights and benefits conferred upon them by the provisions of section 1542 of the
Civil Code of the State of California with respect to any of the matters
described or set forth in this Agreement. Section 1542 of the Civil Code of the
State of California states:

                                       -8-

<PAGE>

         A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
         KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
         RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
         SETTLEMENT WITH THE DEBTOR.

         The parties acknowledge that except for matters expressly represented
or recited in this Agreement, the facts and law in relation to this matter and
the claims released by the terms of this Agreement may turn out to be different
from the facts or law as now known to each party and/or its agents and/or
representatives, including its counsel. Each party expressly assumes the risk of
the existence of different or presently unknown facts or law and agrees that
this Agreement shall in all respects be effective and binding as to each party
despite the possibility of the existence of different or new facts or law.
20. Each of the parties represents and warrants that it has not heretofore
assigned, transferred or subrogated, or purported to assign, transfer or
subrogate, to any person or entity, any of the claims released in this
Agreement. Each of the parties agrees that it shall indemnify each of the other
parties, including with respect to any attorneys' fees and costs, and hold each
of the other parties harmless from and against any claims based on or arising
from any such assignment, transfer or subrogation, or any attempted assignment,
transfer or subrogation, of any of the claims released in this Agreement.

         21. Each of the parties agrees to execute and deliver to each other
party all necessary documents and to take such additional action as may be
necessary or reasonably required to effectuate the terms, conditions,
provisions, and intent of this Agreement.

                                      -9-

<PAGE>

         22. Each party executing this Agreement and/or any other documents
related to the settlement between the parties represents and warrants that it
has been duly authorized to execute this Agreement and any such other related
documents.

         23. Each of the parties acknowledges that it has carefully read this
Agreement and knows and understands the contents and effect of this Agreement,
and each of the parties further acknowledges that it is signing this Agreement
based on its own free act.

         24. Each of the parties acknowledges that it has been advised to seek
legal counsel in connection with this matter and the provisions and execution of
this Agreement, and each of the parties acknowledges that it either has
consulted with its own legal counsel or has had a full opportunity to consult
with its own legal counsel in connection with the settlement between the
parties, the terms, conditions, and provisions of this Agreement, and the
execution of this Agreement.

         25. This Agreement has been entered into in the State of California,
and all of the terms, conditions and provisions of this Agreement shall be
governed by and construed and enforced in accordance with the laws of the State
of California.

         26. If any term, condition or provision of this Agreement is held to be
invalid, void or unenforceable, the remaining terms, conditions and provisions
of this Agreement nevertheless shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

         27. This Agreement and all of its terms, conditions and provisions
shall be binding upon and shall inure to the benefit of each of the parties and
each of the parties' respective heirs, successors and assigns.

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<PAGE>

         28. The prevailing party in any proceeding to enforce the provisions of
this Agreement shall be entitled to recover all costs, including reasonable
attorney's fees, from the non-prevailing party.

         29. This Agreement contains the entire agreement and understanding
concerning the settlement between the parties and replaces any prior
negotiations or agreements between the parties, whether written and/or oral.

         30. Each of the parties agrees that no particular party or parties to
this Agreement shall be deemed to be the author of this Agreement or any
particular term, provision or condition of this Agreement. Each of the parties
further agrees that any ambiguities in this Agreement shall be resolved, and the
terms, provisions and conditions of this Agreement shall be construed and
interpreted, without regard to which party or parties may have suggested,
drafted, revised, or otherwise authored this Agreement or any of its particular
terms, provisions or conditions. Each of the parties further agrees that this
Agreement shall be construed and interpreted as if drafted jointly by all of the
parties.

         31. Any disputes arising under this Agreement shall be resolved in
accordance with the laws of the State of California in either the County of
Orange or the County of Los Angeles, State of California.

         32. This Agreement may not be changed, altered or modified except in a
writing signed by each of the parties and/or duly authorized representatives of
each of the parties.

         33. This Agreement may be executed in counterparts, including facsimile
counterparts, and all such executed counterparts, including with facsimile
signatures, together shall constitute one original Agreement which shall be
binding on all of the parties to this Agreement notwithstanding that all of the
parties are not signatory to the original or the same counterparts.

                                      -11-

<PAGE>

Dated:  March 14, 2001                    TELENETICS CORPORATION

                                          By: /s/ David Stone
                                             -----------------------------------

                                             Its: Chief Financial Officer
                                                 -------------------------------

Dated:  March 14, 2001                    CALIFORNIA INTEGRATION
                                          COORDINATORS, INC.

                                          By: /s/ R. Presgrave
                                             -----------------------------------

                                             Its: President
                                                 -------------------------------

                                      -12-<PAGE>

                                                                  EXHIBIT 10.AAh

                             AMENDMENT NUMBER 1 TO
                     TRANSFER AND ADMINISTRATION AGREEMENT

        AMENDMENT NUMBER 1 TO TRANSFER AND ADMINISTRATION AGREEMENT (this
"AMENDMENT"), dated as of November 2, 2000 among TECH DATA CORPORATION ("TECH
DATA"), a Florida corporation ("TECH DATA"), as collection agent (in such
capacity, the "COLLECTION AGENT"), TECH DATA FINANCE SPV, INC., a
Delaware corporation headquartered in California, as transferor (in such
capacity, the "TRANSFEROR"), RECEIVABLES CAPITAL CORPORATION ("RCC"), a Delaware
corporation , ATLANTIC ASSET SECURITIZATION CORP., a Delaware corporation
("ATLANTIC"), LIBERTY STREET FUNDING CORP., a Delaware corporation, ("LIBERTY"),
AMSTERDAM FUNDING CORPORATION, a Delaware corporation ("AFC"), FALCON ASSET
SECURITIZATION CORPORATION, a Delaware corporation, ("FALCON"), BLACK FOREST
FUNDING CORPORATION, a Delaware corporation, ("BLACK FOREST" and collectively
with RCC, Atlantic, Liberty, AFC and Falcon, the "CLASS CONDUITS"),
CREDIT LYONNAIS NEW YORK BRANCH, a branch duly licensed under the laws of the
State of New York of a banking corporation organized and existing under the laws
of the Republic of France ("CREDIT LYONNAIS"), as an Atlantic Bank Investor and
as agent for Atlantic and the Atlantic Bank Investors (in such capacity, the
"ATLANTIC AGENT"), BNP PARIBAS, a French banking corporation, acting through its
Houston agency ("BNPP"), as an Atlantic Bank Investor, THE BANK OF NOVA SCOTIA,
a banking corporation organized and existing under the laws of Canada, acting
through its New York Agency ("SCOTIA BANK"), as a Liberty Bank Investor and as
agent for Liberty and the Liberty Bank Investors (in such capacity, the "LIBERTY
AGENT"), ABN AMRO BANK N.V., a banking corporation organized and existing under
the laws of the Netherlands and acting through its Chicago Branch ("ABN AMRO"),
as an AFC Bank Investor and as agent for AFC and the AFC Bank Investors (in such
capacity, the "AFC AGENT"), BANK ONE, NA (having its main office in Chicago,
Illinois), a national banking association ("BANK ONE"), as a Falcon Bank
Investor and as agent for Falcon and the Falcon Bank Investors (in such
capacity, the "FALCON AGENT"), BAYERISCHE HYPO- UND VEREINSBANK AG, NEW YORK
BRANCH, a branch duly licensed under the laws of New York of a banking
corporation organized and existing under the laws of the Federal Republic of
Germany ("HYPOVEREINSBANK"), as a Black Forest Bank Investor and as agent for
Black Forest and the Black Forest Bank Investors (in such capacity, the "BLACK
FOREST AGENT") and BANK OF AMERICA, NATIONAL ASSOCIATION, a national banking
association ("BANK OF AMERICA"), as agent for RCC, Atlantic, Liberty, AFC,
Falcon,
<PAGE>

the RCC Bank Investors, the Atlantic Bank Investors, the Liberty Bank Investors,
the AFC Bank Investors and the Falcon Bank Investors (in such capacity, the
"ADMINISTRATIVE AGENT"), as an RCC Bank Investor, as agent for RCC and the RCC
Bank Investors (in such capacity, the "RCC AGENT") and Lead Arranger, amending
that certain Transfer and Administration Agreement dated as of May 19, 2000,
among the Transferor, the Collection Agent, the Class Conduits (as defined
thereunder) and the Bank Investors (the "ORIGINAL AGREEMENT" and said agreement
as amended by this Amendment, the "AGREEMENT").

    WHEREAS, Transferor desires to add Black Forest as a Class Conduit and
HypoVereinsbank as a Bank Investor and Black Forest Agent to the Original
Agreement;

    WHEREAS, the Transferor desires the Facility Limits, Loss and Dilution
Reserves and Maximum Net Investments in the Original Agreement with respect to
RCC to be increased;

    WHEREAS, on the terms and conditions set forth herein, the parties
hereto consent to such amendments; and

    WHEREAS, capitalized terms used herein shall have the meanings assigned
to such terms in the Original Agreement;

    NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:

    SECTION 1. AMENDMENT TO DEFINITIONS.

        (a) The definition of "Bank Investor" is hereby deleted and
replaced with the following (solely for convenience added language is
italicized):

    ""BANK INVESTOR" means (i) with respect to the Class of which RCC is a
    member, the RCC Bank Investors, (ii) with respect to the Class of which
    Atlantic is a member, the Atlantic Bank Investors, (iii) with respect
    to the Class of which Liberty is a member, the Liberty Bank Investors,
    (iv) with respect to the Class of which AFC is a member, the AFC Bank
    Investors, (v) with respect to the Class of which Falcon is a member,
    the Falcon Bank Investors, (vi) WITH RESPECT TO THE CLASS OF WHICH
    BLACK FOREST IS A MEMBER, THE BLACK FOREST BANK INVESTORS and (vii)
    with respect to any other Class, the financial institutions

                                       2
<PAGE>

    specified as such in any supplement hereto and their respective
    successors and permitted assigns."

        (b) The definition of "Class" is hereby deleted and replaced
with the following (solely for convenience added language is italicized):

    ""CLASS" means each of the following groups of Class Investors: (i) RCC
and the RCC Bank Investors, (ii) Atlantic and the Atlantic Bank Investors, (iii)
Liberty and the Liberty Bank Investors, (iv) AFC and the AFC Bank Investors, (v)
Falcon and the Falcon Bank Investors, (vi) BLACK FOREST AND THE BLACK FOREST
BANK INVESTORS or (vii) any other Class consisting of a multi-seller commercial
paper conduit, its related Bank Investors and its respective assigns and
participants, as added from time to time with the consent of the Administrative
Agent and the Transferor as set forth in Section 11.2(b)."

        (c) The definition of "Class Agent" is hereby deleted and
replaced with the following (solely for convenience added language is
italicized):

    ""CLASS AGENT" means (i) with respect to the Class of which RCC is a
member, the RCC Agent, (ii) with respect to the Class of which Atlantic is a
member, the Atlantic Agent, (iii) with respect to the Class of which Liberty is
a member, the Liberty Agent, (iv) with respect to the Class of which AFC is a
member, the AFC Agent, (v) with respect to the Class of which Falcon is a
member, the Falcon Agent, (vi) WITH RESPECT TO THE CLASS OF WHICH BLACK FOREST
IS A MEMBER, THE BLACK FOREST AGENT and (vii) with respect to any other Class,
the financial institution or other Person specified as such in any amendment or
supplement hereto for such Class."

        (d) The definition of "Class Investors" is hereby deleted and
replaced with the following (solely for convenience added language is
italicized):

    ""CLASS INVESTORS" means (i) with respect to the Class of which RCC is
a member, RCC and the RCC Bank Investors, (ii) with respect to the Class of
which Atlantic is a member, Atlantic and the Atlantic Bank Investors, (iii) with
respect to the Class of which Liberty is a member, Liberty and the Liberty Bank
Investors, (iv) with respect to the Class of which AFC is a member, AFC and the
AFC Bank Investors, (v) with respect to the Class of which Falcon is a member,
Falcon and the Falcon Bank Investors, (vi) WITH RESPECT TO THE CLASS OF WHICH
BLACK FOREST IS A MEMBER, BLACK FOREST AND THE BLACK FOREST BANK INVESTORS and
(vii) with respect to any other Class, the related Class Conduit and the related
Bank Investors."

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<PAGE>

        (e) The definition of "Corporate Services Provider" is hereby
deleted and replaced with the following (solely for convenience added or changed
language is italicized):

    ""CORPORATE SERVICES PROVIDER" means, (i) with respect to RCC, AMACAR
INVESTMENTS LLC, (ii) with respect to Atlantic, Lord Securities Corporation,
(iii) with respect to Liberty, Global Securitization Services, LLC, (iv) with
respect to AFC, Global Securitization Services, LLC" and (v) WITH RESPECT TO
BLACK FOREST, LORD SECURITIES CORPORATION."

        (f) The definition of "CP RATE" is hereby deleted and replaced
with the following (solely for convenience added or changed language is
italicized):

    ""CP RATE" for each Class Conduit listed below, shall have the meaning
specified in the Annex set forth below, for such Class Conduit:

        CLASS CONDUIT                    ANNEX
        -------------                    -----

        RCC                              Annex 1

        Falcon                           Annex 2

        AFC                              Annex 3

        Atlantic                         Annex 4

        Liberty                          Annex 5

        BLACK FOREST                     ANNEX 4

        (g) The definition of "DCR" is hereby deleted and replaced
with the following (in alphabetical order):

    ""FITCH" means Fitch, Inc."

        (h) The definition of "Facility Limit" is hereby deleted and
replaced with the following (solely for convenience added or changed language is
italicized):

                                       4

<PAGE>

    ""FACILITY LIMIT" means (i) with respect to the Class of which Atlantic
is a member, $127,500,000; provided that such amount may not at any time exceed
the aggregate Commitments with respect to the Atlantic Bank Investors, (ii) with
respect to the Class of which RCC is a member, $204,000,000; provided that such
amount may not at any time exceed the aggregate Commitments with respect to the
RCC Bank Investors, (iii) with respect to the Class of which Liberty is a
member, $153,000,000; provided that such amount may not at any time exceed the
aggregate Commitments with respect to the Liberty Bank Investors, in each case,
at any time in effect, (iv) with respect to the Class of which AFC is a member,
$127,500,000; provided that such amount may not at any time exceed the aggregate
Commitments with respect to the AFC Bank Investors, in each case, at any time in
effect, (v) with respect to the Class of which Falcon is a member, $127,500,000;
provided that such amount may not at any time exceed the aggregate Commitments
with respect to the Falcon Bank Investors, in each case, at any time in effect,
(vi) WITH RESPECT TO THE CLASS OF WHICH BLACK FOREST IS A MEMBER, $76,500,000;
PROVIDED THAT SUCH AMOUNT MAY NOT AT ANY TIME EXCEED THE AGGREGATE COMMITMENTS
WITH RESPECT TO THE BLACK FOREST BANK INVESTORS, IN EACH CASE, AT ANY TIME IN
EFFECT and (VII) with respect to any other Class, the amount specified as such
in any supplement hereto for such Class; provided that, with respect to any
other Class, the Facility Limit for such Class shall not at any time exceed the
aggregate Commitments for the Bank Investors in such Class."

        (i) The definition of "Loss and Dilution Reserve" is hereby
deleted and replaced with the following (solely for convenience added or changed
language is italicized):

    ""LOSS AND DILUTION RESERVE" means, with respect to each Class, at any
time, an amount equal to the product of (i) the Loss and Dilution Reserve
Percentage and (ii) the Net Investment for such Class at such time.
Notwithstanding the foregoing, (i) with respect to the Class of which RCC is a
member, the portion of the Loss and Dilution Reserve attributable to losses
shall at all times be at least equal to $16,000,000, (ii) with respect to the
Class of which Atlantic is a member, the portion of the Loss and Dilution
Reserve attributable to losses shall at all times be at least equal to
$10,000,000, (iii) with respect to the Class of which Liberty is a member, the
portion of the Loss and Dilution Reserve attributable to losses shall at all
times be at least equal to $12,000,000, (iv) with respect to the Class of which
AFC is a member, the portion of the Loss and Dilution Reserve attributable to
losses shall at all times be at least equal to $10,000,000, (v) with respect to
the Class of which Falcon is a member, the portion of the Loss and Dilution
Reserve attributable to losses shall at all times be AT LEAST equal to
$10,000,000, (vi) WITH RESPECT TO THE

                                       5
<PAGE>

CLASS OF WHICH BLACK FOREST IS A MEMBER, THE PORTION OF THE LOSS AND DILUTION
RESERVE ATTRIBUTABLE TO LOSSES SHALL AT ALL TIMES BE AT LEAST EQUAL TO
$6,000,000, and (vii) with respect to any other Class, the portion of the Loss
and Dilution Reserve shall at all times be at least equal to an amount agreed
upon by the Transferor, the Administrative Agent and the Class Agent for such
additional class at the time it becomes a party hereto."

        (j) The definition of "Maximum Net Investment" is hereby
deleted and replaced with the following (solely for convenience added or changed
language is italicized):

    ""MAXIMUM NET INVESTMENT" means (i) with respect to the Class of which
RCC is a member, $200,000,000, (ii) with respect to the Class of which Atlantic
is a member, $125,000,000, (iii) with respect to the Class of which Liberty is a
member, $150,000,000, (iv) with respect to the Class of which AFC is a member,
$125,000,000, (v) with respect to the Class of which Falcon is a member,
$125,000,000, (vi) WITH RESPECT TO THE CLASS OF WHICH BLACK FOREST IS A MEMBER,
$75,000,000 and (vii) with respect to any other Class, the amount set forth
pursuant to Section 11.2(b)."

        (k) The definition of "Pro Rata Share" is hereby deleted and
replaced with the following (solely for convenience added or changed language is
italicized):

    ""PRO RATA SHARE" means, (A) for an RCC Bank Investor, the Commitment
of such RCC Bank Investor divided by the sum of the Commitments of all the RCC
Bank Investors, (B) for an Atlantic Bank Investor, the Commitment of such
Atlantic Bank Investor divided by the sum of the Commitments of all Atlantic
Bank Investors, (C) for a Liberty Bank Investor, the Commitment of such Liberty
Bank Investor divided by the sum of the Commitments of all Liberty Bank
Investors, (D) for an AFC Bank Investor, the Commitment of such AFC Bank
Investor divided by the sum of the Commitments of all AFC Bank Investors, (E)
for a Falcon Bank Investor, the Commitment of such Falcon Bank Investor divided
by the sum of the Commitments of all Falcon Bank Investors, (F) FOR A BLACK
FOREST BANK INVESTOR, THE COMMITMENT OF SUCH BLACK FOREST BANK INVESTOR DIVIDED
BY THE SUM OF THE COMMITMENTS OF ALL BLACK FOREST BANK INVESTORS, and (G) with
respect to any other Class, for each Bank Investor of such Class, the Commitment
of such Bank Investor divided by the sum of the Commitments of all Bank
Investors of such Class."

                                       6
<PAGE>

        (l) The following definitions shall be added to Section 1.1 in
the appropriate alphabetical order:

             (i) "BLACK FOREST" means Black Forest Funding
    Corporation, and its successors and assigns.

             (ii) "BLACK FOREST AGENT" means HypoVereinsbank, in
    its capacity as agent for Black Forest and the Black Forest Bank
    Investors, and any successor thereto appointed pursuant to Article IX.

             (iii) "BLACK FOREST BANK INVESTORS" shall mean
    HypoVereinsbank and its successors and assigns who are or become
    parties to this Agreement as such pursuant to an Assignment and
    Assumption Agreement.

             (iv) "HYPOVEREINSBANK" means Bayerische Hypo- und
    Vereinsbank AG, New York Branch, a branch duly licensed under the laws
    of New York of a banking corporation organized and existing under the
    laws of the Federal Republic of Germany, and its successors and
    assigns.

        SECTION 2. AMENDMENT TO SECTION 11.3. Section 11.3 of the
Original Agreement is hereby amended by (a) adding the following language after
the address that references Bank One, NA and before the phrase "If to the
Transferor:" in reference to Tech Data Finance SPV, Inc., with the following:

        "If to Black Forest:

             Black Forest Funding Corporation
             c/o HypoVereinsbank AG
             150 East 42nd Street
             New York, NY  10017
             Attn: Asset-Backed Finance Dept.
             Telephone: (212) 672-5729
             Telecopy: (212) 672-5518"; and

                                       7
<PAGE>

    (b) replacing the address referencing RCC with the following:

         "Receivables Capital Corporation
         c/o Amacar Group, LLC
         6525 Morrison Blvd. Suite 318
         Charlotte, NC  28211
         Telephone: (704) 365-0569
         Telecopy:   (704) 365-1362"

        SECTION 3. AMENDMENT TO SECTIONS 5.1, 5.2, 5.3 AND 5.4. The
following language shall be added to the preamble of each of the aforementioned
Sections between "Administrative Agent" and "shall otherwise":

        ", with the consent of the Majority Investors,"

        SECTION 4. AMENDMENTS. The following passage shall be added to
the Original Agreement as Annex 6:

                 "CP Rate Definition for Black Forest

        "CP Rate" shall mean for any CP Tranche Period, the per annum
    rate equivalent to the "weighted average cost" (as defined below)
    related to the issuance of Commercial Paper that is allocated, in whole
    or in part, to fund Black Forest Funding Corporation's Net Investment
    (and which may also be allocated in part to the funding of other assets
    of Black Forest Funding Corporation); provided, however, that if any
    component of such rate described above is a discount rate in
    calculating the CP Rate for Black Forest Funding Corporation's Net
    Investment for such CP Tranche Period, the rate used to calculate such
    component of such rate shall be a rate resulting from converting such
    discount rate to an interest bearing equivalent rate per annum. As used
    in this definition, the "weighted average cost" shall consist of (A)
    the actual interest rate (or discount) paid to purchasers of Commercial
    Paper issued by Black Forest Funding Corporation (other than the
    commissions of placement agents and dealers), (B) certain documentation
    and transaction costs associated with the issuance of such Commercial
    Paper, (C) any incremental carrying costs incurred with respect to
    Commercial Paper maturing on dates other than those on which
    corresponding funds are received by the related Class Agent on behalf
    of Black Forest Funding Corporation, and (D) other borrowing by Black
    Forest Funding Corporation (other than under any program support

                                       8
<PAGE>

    agreement), including to fund small or odd dollar amounts that are not
    easily accommodated in the commercial paper market."

        SECTION 5. REFERENCES TO DCR. The Agreement is hereby amended
by replacing all references to "DCR", "D-1", "D-2" and "D-3" with "Fitch",
"F-1", "F-2" and "F-3", respectively.

        SECTION 6. AFFIRMATIONS. All parties hereto agree and
acknowledge that with respect to each Bank Investor party hereto, each Bank
Investor has a Commitment and such Commitment of such Bank Investor shall be the
dollar amount set forth opposite such Bank Investor's signature on the signature
page hereto, which may be different from the Original Agreement.

        SECTION 7. CONDITIONS PRECEDENT. This Amendment shall not
become effective until the Administrative Agent shall have received the
following:

             (a) A copy of the Resolutions of the Board of
Directors of the Transferor and Tech Data certified by its Secretary approving
this Amendment and the other documents to be delivered by the Transferor and
Tech Data hereunder;

             (b) A Certificate of the Secretary of the Transferor
and Tech Data certifying (i) the names and signatures of the officers authorized
on its behalf to execute this Amendment and any other documents to be delivered
by it hereunder (on which Certificates the Company, the Administrative Agent and
the Bank Investors may conclusively rely until such time as the Administrative
Agent shall receive from the Transferor and Tech Data a revised Certificate
meeting the requirements of this clause (b)(i)) and (ii) a copy of the
Transferor's and Tech Data's By-Laws;

             (c) A responsible officer's certificate of the
Transferor and Tech Data, substantially in the form of Exhibit L-1 and L-2,
respectively, of the Original Agreement, executed by Arthur W. Singleton,
Secretary of the Transferor and Tech Data, respectively;

             (d) An opinion of Holland & Knight, LLP, special
counsel to the Transferor and the Company, in the form previously discussed by
the Company and HypoVereinsbank;

             (e) An opinion of David Vetter, counsel to Tech Data,
with respect to certain corporate matters and enforceability of the Agreement as
amended hereby, in form and substance acceptable to the Agent.

                                       9
<PAGE>

        SECTION 8. REPRESENTATIONS AND WARRANTIES. The Transferor
hereby makes to the Company, on and as of the date hereof, all of the
representations and warranties set forth in Section 3.1 of the Original
Agreement. In addition, the Collection Agent and the Guarantor hereby make to
the Company, on the date hereof, all the representations and warranties set
forth in Section 3.3 of the Original Agreement.

        SECTION 9. SUCCESSORS AND ASSIGNS. This Amendment shall bind,
and the benefits hereof shall inure to the parties hereof and their respective
successors and permitted assigns;

        SECTION 10. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE
TRANSFEROR HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE
COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS
ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

        SECTION 11. SEVERABILITY; 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 shall be deemed to be an
original and all of which when taken together shall constitute one and the same
instrument. Any provisions of this Amendment which are prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

        SECTION 12. CAPTIONS. The captions in this Amendment are for
convenience of reference only and shall not define or limit any of the terms or
provisions hereof.

        SECTION 13. RATIFICATION. Except as expressly affected by the
provisions hereof, the Original Agreement as amended by this Amendment shall
remain in full force and effect in accordance with its terms and ratified and
confirmed by the parties hereto. On and after the date hereof, each reference in
the Original Agreement to "this Agreement", "hereunder", "herein" or words of
like import shall mean and be a reference to the Original Agreement as amended
by this Amendment.

                                       10
<PAGE>

    IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.

                  TECH DATA FINANCE SPV, INC.,
                   as Transferor

                  By: /s/ JEFFERY P. HOWELLS
                      -----------------------------------------
                      Name: Jeffery P. Howells
                      Title: President

                  TECH DATA CORPORATION,
                   as Collection Agent

                  By: /s/ JEFFERY P. HOWELLS
                      -----------------------------------------
                      Name:  Jeffery P. Howells
                      Title: Executive Vice President and Chief
                      Financial Officer

                  RECEIVABLES CAPITAL CORPORATION

                  By: /s/ DOUGLAS K. JOHNSON
                      ------------------------------------------
                      Name: Douglas K. Johnson
                      Title: President

                  ATLANTIC ASSET SECURITIZATION CORP.

                  By:  CREDIT LYONNAIS NEW YORK BRANCH,
                      as attorney-in-fact

                  By: /s/ KOSTANTINA KOURMPETIS
                      ------------------------------------------
                      Name: Kostantina Kourmpetis
                      Title: Director
<PAGE>

                  LIBERTY STREET FUNDING CORP.

                  By: /s/ KEVIN P. BURNS
                      ------------------------------------------
                      Name: Kevin P. Burns
                      Title: Vice President

                  AMSTERDAM FUNDING CORPORATION

                  By: /s/ KEVIN P. BURNS
                      ------------------------------------------
                      Name: Kevin P. Burns
                      Title: Vice President

                  FALCON ASSET SECURITIZATION CORPORATION

                  By: /s/ ELIZABETH R. COHEN
                      ------------------------------------------
                      Name: Elizabeth R. Cohen
                      Title: Authorized Signatory

                  BLACK FOREST FUNDING CORPORATION

                  By: /s/ LORI REZZA
                      ------------------------------------------
                      Name: Lori Rezza
                      Title: Vice President

COMMITMENT        BANK OF AMERICA, NATIONAL ASSOCIATION,
----------          as Administrative Agent, RCC Agent
$141,500,000        and as an RCC Bank Investor

                  By: /s/ CHRIS PARRISH
                      ------------------------------------------
                      Name: Chris Parrish
                      Title: Vice President
<PAGE>

COMMITMENT        CREDIT LYONNAIS NEW YORK BRANCH,
----------          as Atlantic Agent and as an Atlantic
$77,500,000         Bank Investor

                  By: /s/ DAVID C. FINK
                      ------------------------------------------
                      Name: David C. Fink
                      Title: Managing Director

COMMITMENT        BNP PARIBAS,
----------          as an Atlantic Bank Investor
$15,000,000

                  By: /s/ MIKE SHRYOCK AURORA ABELLA
                      ------------------------------------------
                      Name: Mike Shryock     Aurora Abella
                      Title: Vice President  Vice President

COMMITMENT        THE BANK OF NOVA SCOTIA, as Liberty
----------          Agent and as a Liberty Bank Investor
$153,000,000

                  By: /s/ RODOTHEA POLI
                      ------------------------------------------
                      Name: Rodothea Poli
                      Title: Managing Director

COMMITMENT        ABN AMRO BANK N.V., as AFC Agent
----------          and as an AFC Bank Investor
$127,500,000

                  By: /s/ BART STEENBERGEN
                      ------------------------------------------
                      Name: Bart Steenbergen
                      Title: Vice President

                  By: /s/ S. SEAN CHEN
                      ------------------------------------------
                      Name: S. Sean Chen
                      Title: Senior Vice President
<PAGE>

COMMITMENT        BANK ONE, NA (having its main office
----------          in Chicago, Illinois), as Falcon Agent
$127,500,000        and as a Falcon Bank Investor

                  By: /s/ JULIE C. BENDA
                      ------------------------------------------
                    Name: Julie C. Benda
                    Title: Vice President

COMMITMENT        BAYERISCHE HYPO- UND VEREINSBANK AG,
----------          NEW YORK BRANCH,
$76,500,000         as Black Forest Agent and Black
                    Forest Bank Investor

                  By: /s/ MARK HIRSHORN
                      ------------------------------------------
                      Name: Mark Hirshorn
                      Title: Managing Director

                  By: /s/ PAMELA J. GILLONS
                      ------------------------------------------
                      Name: Pamela J. Gillons
                      Title: Associate Director
<PAGE>

COMMITMENT        LLOYDS TSB BANK PLC,
----------          as an Atlantic Bank Investor
$35,000,000

                  By: /s/ GAVIN REES
                      ------------------------------------------
                      Name: Gavin Rees
                      Title: Assistant Director

                  By: /s/ THEA WATKINS
                      ------------------------------------------
                      Name: Thea Watkins
                      Title: Assistant Director

COMMITMENT        LLOYDS TSB BANK PLC,
----------          as an RCC Bank Investor
$62,500,000

                  By: /s/ GAVIN REES
                      ------------------------------------------
                      Name: Gavin Rees
                      Title: Assistant Director

                  By: /s/ THEA WATKINS
                      ------------------------------------------
                      Name: Thea Watkins
                      Title: Assistant Director

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