Document:

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                                                                     EXHIBIT 10A

                                                               EXECUTION VERSION

                      SEVENTH AMENDMENT TO CREDIT AGREEMENT

         THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as
of January 30, 2003, is entered into by and among AVNET, INC., a New York
corporation ("Avnet"), the lenders party to the Credit Agreement referred to
below (each a "Lender" and, collectively, the "Lenders") and BANK OF AMERICA,
N.A., as administrative agent for itself and the other Lenders (in such
capacity, the "Administrative Agent").

                                    RECITALS

         A.       Avnet, the Lenders and the Administrative Agent are parties to
that certain Credit Agreement (Multi-Year) dated as of October 25, 2001, as
amended or modified by that First Amendment to Credit Agreement (Multi-Year)
dated as of March 29, 2002, that Second Amendment to Credit Agreement
(Multi-Year) dated as of October 10, 2002, that certain letter agreement dated
as of November 8, 2002, that Third Amendment to Credit Agreement dated as of
November 23, 2002, that Fourth Amendment to Credit Agreement dated as of
December 9, 2002, that Fifth Amendment to Credit Agreement dated as of December
12, 2002, and that Sixth Amendment to Credit Agreement dated as of December 13,
2002 (as so amended or modified, the "Credit Agreement"), pursuant to which the
Administrative Agent and the Lenders have extended certain credit facilities to
Avnet and certain of its Subsidiaries.

         A.       Avnet has requested that the Administrative Agent and the
Lenders agree to certain amendments of the Credit Agreement.

         A.       The Administrative Agent and the Lenders are willing to
amend the Credit Agreement subject to the terms and conditions of this
Amendment.

         NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:

         1.       Defined Terms. Unless otherwise defined herein, capitalized
terms used herein shall have the meanings, if any, assigned to such terms in the
Credit Agreement as amended hereby.

         1.       Amendments to Credit Agreement. The Credit Agreement shall be
amended, effective as of the Effective Date, as follows:

                  (a)      At Section 1.01, the defined term "Total Free Liquid
Assets" shall be amended by deleting the word "and" before clause (c) and adding
a new subsection (d) as follows:

                  "and (d) Permitted Investments made with the Net Proceeds of a
                  Permitted Capital Markets Transaction to the extent subject to
                  the Substantive Defeasement of any Capital Markets Notes
                  having original stated maturities in year 2003 in accordance
                  with Section 6.18"

                  (a)      At Section 1.01, the following defined terms shall be
amended and restated in their entirety as follows:

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                           "Permitted Debt" means Debt of Avnet arising under or
                  in connection with any Capital Markets Notes issued by Avnet
                  after the Second Amendment Date, provided that: (a) such Debt
                  has an original stated maturity of not less than three years,
                  and no amortization of principal, including pursuant to any
                  sinking fund arrangement; (b) such Debt provides no right of
                  Mandatory Redemption, other than (i) one solely exercisable
                  more than three years after the date of issuance, or (ii)
                  arising solely upon a change of control event relating to
                  Avnet that would constitute a Change of Control, or (iii) one
                  arising solely upon certain asset sales, provided that the
                  terms of such Debt allow Avnet to repay any and all
                  Obligations prior to such Mandatory Redemption; (c) no
                  instrument or agreement evidencing such Debt contains any
                  maintenance-based debt covenants, nor any covenants or events
                  of default that are more restrictive than may be customary at
                  the time of issuance for non-investment grade rated public
                  debt offerings, nor contain a Third Party Negative Pledge
                  other than as expressly permitted by Section 6.20; (d) such
                  Debt shall not be convertible or exchangeable into other Debt
                  that is not itself Permitted Debt; (e) such Debt is not
                  guaranteed, on the date such Debt is issued, by (nor, on the
                  date such Debt is issued, subject to any agreement to provide
                  any guaranty by) any Subsidiary of Avnet, other than
                  Subsidiaries that on or before the date such guaranty is
                  executed in favor of the holder of such Debt are required by
                  the terms of this Agreement to execute and deliver to the
                  Administrative Agent a Guaranty Agreement pursuant to Section
                  6.13(b); and (such Debt is not entitled to the benefit of any
                  Lien, other than the right to share equally and ratably in
                  certain Liens granted to third parties (other than the Lender
                  Liens) on substantially the same terms as contained in the
                  2008 Senior Note Indenture.

                           "Substantive Defeasement" means, in respect of any
                  outstanding Debt represented by Capital Markets Notes, that
                  Avnet has irrevocably deposited funds with a bank, pursuant to
                  an escrow or trust arrangement for the exclusive benefit of
                  the holders of such Notes (or their trustee or agent), or
                  otherwise in accordance with any express defeasance terms
                  specified in the indenture governing such Capital Markets
                  Notes, for the sole purpose of repaying such Notes, together
                  with interest thereon in the amount anticipated to accrue up
                  to the date of final payment.

                  (b)      Section 1.01 shall be further amended by inserting
the following new defined terms in the proper alphabetical order:

                           "Excess Amount" has the meaning set forth in Section
                  2.06(b)(ii).

                           "Preliminary Prospectus" has the meaning set forth in
                  the definition of the "2008 Senior Notes."

                           "2008 Senior Note Indenture" means the terms of the
                  October 2000 Indenture relating to the terms of the 2008
                  Senior Notes (including

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                  any resolutions or officer's certificates relating to the
                  terms of the 2008 Senior Notes).

                           "2008 Senior Notes" means Senior Notes (including
                  convertible Senior Notes) to be issued by Avnet and described
                  more particularly in that preliminary prospectus dated January
                  27, 2003 (the "Preliminary Prospectus") (provided that the
                  terms thereof shall contain no material changes from the terms
                  thereof described in the Preliminary Prospectus, unless
                  approved by the Required Lenders), and any senior or senior
                  subordinated notes issued pursuant to any supplemental or
                  additional prospectus or offering circular issued in
                  connection with the issuance of Capital Markets Notes on or
                  before February 14, 2003, which are convertible into Avnet's
                  common stock, having substantially the same or less
                  restrictive terms as to covenants, events of default and other
                  material provisions (other than convertibility, tenor and
                  interest rate) as contained in the Preliminary Prospectus.

                  (c)      Section 2.06(b) shall be amended by:

                           (i)      Inserting the clause number "(i)" before the
beginning of the first sentence thereof; and

                           (ii)     Inserting a new clause (ii) at the end
thereof as follows:

                                    "(ii)    If on the date 350 days after the
                           consummation of a transaction giving rise to an
                           "Asset Sale Amount" (as defined in the 2008 Senior
                           Note Indenture), Avnet shall not have applied an
                           amount equal to such Asset Sale Amount by:

                                             (A)  Investing or committing to
                                    invest (and in fact so investing within an
                                    additional 90 days) in "Related Business
                                    Assets" (as defined in the 2008 Senior Note
                                    Indenture) and property (except in
                                    connection with the acquisition of a wholly
                                    owned Subsidiary in a "Related Business" (as
                                    defined in the 2008 Senior Note Indenture),
                                    other than notes, bonds, obligation and
                                    securities); or

                                             (B)  Making certain investments
                                    permitted under the 2008 Senior Note
                                    Indenture, which in Avnet's good faith
                                    reasonable judgment will immediately
                                    constitute or be part of the Related
                                    Business of Avnet or the applicable
                                    Subsidiary (if it continues to be a
                                    Subsidiary) immediately following such
                                    transaction;

                           then the Aggregate Commitments shall, immediately and
                           automatically on such date, be permanently reduced by
                           an amount equal to the amount of such Asset Sale
                           Amount not so applied (the "Excess Amount"). To the
                           extent that the then Outstanding

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                           Amount of all Loans and L/C Obligations exceeds the
                           Aggregate Commitments as reduced by the Excess
                           Amount, the Borrowers shall immediately upon the
                           effectiveness of the reduction in Aggregate
                           Commitments hereunder prepay Loans in an amount equal
                           to the amount by which such Outstanding Amount of all
                           Loans and L/C Obligations exceeds the Aggregate
                           Commitments as reduced by the Excess Amount, plus
                           interest and any amounts owing under Section 3.05,
                           and, if after repayment of all Loans the resulting
                           Outstanding Amount still exceeds the Aggregate
                           Commitments as reduced by the Excess Amount, Cash
                           Collateralize L/C Obligations in an amount equal to
                           such remaining excess."

                  (d)      Section 2.15 shall be amended by adding the following
as new subsection (c) thereto:

                           "(c)     If at any time Avnet or any of its
                  Subsidiaries becomes obligated to grant immediately to the
                  holders of the 2008 Senior Notes (or any agent or trustee
                  acting on their behalf) a Lien pursuant to any equal and
                  ratable collateral sharing provision contained in the 2008
                  Senior Note Indenture, Avnet shall be deemed to have granted,
                  on its own behalf or on behalf of such Subsidiary, a Lender
                  Lien upon any and all assets and property subject to such
                  Lien, as security for the Obligations, such that the
                  Obligations are equally and ratably secured together with the
                  obligations under the 2008 Senior Notes. This Agreement shall
                  be deemed a security agreement for purposes of the Uniform
                  Commercial Code. Avnet shall thereafter immediately execute
                  and deliver, or cause such Subsidiary to execute and deliver,
                  such instruments, documents and agreements, in form and
                  substance satisfactory to the Administrative Agent, and shall
                  perform or cause to be performed such other acts, as may be
                  necessary or appropriate in the discretion of the
                  Administrative Agent to Perfect such Lender Lien."

                  (e)      Section 6.01 shall be amended as follows:

                           (i)      By deleting the word "or" at the end of
subsection (q);

                           (ii)     By renumbering subsection (r) as subsection
(t); and

                           (iii)    By inserting the following as new
subsections (r) and (s):

                           "(r)     prompt notice of the consummation of any
                  transaction giving rise to an "Asset Sale Amount" (as defined
                  in the 2008 Senior Note Indenture), other than any transaction
                  that is not subject to compliance with the covenant described
                  in the Preliminary Prospectus under the heading "Limitations
                  on Sale of Assets and Subsidiary Stock; Offer to Repurchase
                  from Excess Proceeds" and contained in the 2008 Senior Note

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                  Indenture, setting forth the date of consummation and the
                  amount of such Asset Sale Amount;

                           (s)      if within 350 days after the consummation of
                  a transaction giving rise to an "Asset Sale Amount" (as
                  defined in the 2008 Senior Note Indenture), other than any
                  transaction that is not subject to compliance with the
                  covenant described in the Preliminary Prospectus under the
                  heading "Limitations on Sale of Assets and Subsidiary Stock;
                  Offer to Repurchase from Excess Proceeds" and contained in the
                  2008 Senior Note Indenture, Avnet shall not have applied an
                  amount equal to such Asset Sale Amount as set forth in Section
                  2.06(b)(ii), immediate notice setting forth the applicable
                  Excess Amount; or"

                  (f)      Section 6.07 shall be amended at clause (n) thereof
by deleting the final word "and", and at clause (o) thereof, by inserting the
following immediately prior to the final period thereof:

                           ";and

                           (p)      Liens granted to holders of the 2008 Senior
                  Notes (or any agent or trustee acting on their behalf)
                  pursuant to any equal and ratable collateral sharing provision
                  contained in the 2008 Senior Note Indenture, upon the creation
                  of any Lien that is not a "Permitted Lien" (as defined in the
                  2008 Senior Note Indenture) ("Antecedent Lien"), provided and
                  to the extent that such Antecedent Lien is a Permitted Lien
                  hereunder."

                  (g)      Section 6.08(b) shall be amended by adding the
following proviso to the end thereof:

                  "and provided, further, that, other than any transaction that
                  is not subject to compliance with the covenant described in
                  the Preliminary Prospectus under the heading "Limitations on
                  Sale of Assets and Subsidiary Stock; Offer to Repurchase from
                  Excess Proceeds" and contained in the 2008 Senior Note
                  Indenture, (1) at least 75% of the total consideration for any
                  such Asset Sale shall consist of cash or cash equivalents or
                  "Related Business Assets" (as defined in the 2008 Senior Note
                  Indenture) and (2) Avnet shall determine in good faith that it
                  or such Subsidiary is receiving fair market value for such
                  Asset Sale."

                  (h)      Section 6.13 shall be amended by:

                           (i)      Inserting the clause number "(a)" before the
beginning of the first sentence thereof; and

                           (ii)     Inserting a new clause (b) at the end
thereof as follows:

                           "(b)     If at any time any Subsidiary of Avnet is
                  then obligated immediately to guarantee any amounts on the
                  2008 Senior Notes, Avnet shall cause such Subsidiary
                  immediately to guarantee the Obligations by

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                  executing and delivering to the Administrative Agent such
                  instruments, documents, agreements and opinions, in form and
                  substance reasonably satisfactory to the Administrative Agent,
                  as may be necessary or appropriate in the discretion of the
                  Administrative Agent."

                  (i)      Section 6.14(i) shall be amended by inserting after
the phrase "in the ordinary course of business" the phrase ", or pursuant to
documentation entered into substantially concurrently with the issuance of
Capital Markets Notes on or before February 14, 2003, that are convertible into
Avnet's common stock,".

                  (j)      Section 6.17 shall be amended and restated in its
entirety as follows:

                           "6.17 RESTRICTED PAYMENTS. Avnet shall not, and shall
                  not permit any of its Subsidiaries to, (a) declare or pay any
                  dividends in respect of its capital stock or other equity
                  interests (other than dividends payable, but for fractional
                  shares, solely in common stock of Avnet), or purchase, redeem,
                  retire or otherwise acquire for value any of its capital stock
                  or other equity interests now or hereafter outstanding, in
                  each case other than pursuant to a Permitted Hedge
                  Transaction, return any capital to its shareholders as such,
                  or make any distribution of assets to its shareholders as
                  such, or (b) other than solely with the proceeds of a
                  Permitted Capital Markets Transaction to the extent permitted
                  pursuant to Section 6.18, make any voluntary or optional
                  prepayment or early repayment, early redemption, early
                  exchange or early acquisition for value of, or establish any
                  sinking fund with respect to, any Debt evidenced by Capital
                  Markets Notes, in each case, other than the conversion of any
                  Debt evidenced by Capital Markets Notes into the common stock
                  of Avnet."

                  (k) Section 6.20 shall be amended and restated as follows:

                           "6.20 OTHER NEGATIVE PLEDGES. Avnet shall not, and
                  shall not suffer or permit any of its Subsidiaries to, enter
                  into or first become subject to after the Second Amendment
                  Date any agreement or arrangement that directly or indirectly
                  prohibits Avnet or any such Subsidiary from granting any Lien
                  to the Administrative Agent (or restricting Perfection or
                  enforcement of such Lien) with respect to any Springing Lien
                  Assets or Collateral (a "Third Party Negative Pledge"),
                  provided, that Avnet and its Subsidiaries may enter into or
                  incur Third Party Negative Pledges (a) pursuant to an
                  Acquisition permitted by Section 6.14(h), provided such Third
                  Party Negative Pledge affects only assets and property so
                  acquired and is not undertaken or incurred in contemplation of
                  such Acquisition; or (b) pursuant to a transaction creating a
                  Lien permitted by Section 6.07(b) or provided such Third Party
                  Negative Pledge is limited to the assets or property subject
                  to such Permitted Lien; or (c) pursuant to Permitted Debt
                  comprising a Permitted Capital Markets Transaction, provided
                  that such Third Party Negative Pledge is no more restrictive
                  than that contained in the October 2000 Indenture."

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                  (l)      Article VI shall be further amended by adding the
following new sections at the end thereof:

                           "6.30 TRANSACTIONS WITH AFFILIATES. Avnet shall not,
                  and shall not permit any of its Subsidiaries to, enter into
                  any transaction of any kind with any Affiliate of Avnet (other
                  than any Wholly Owned Consolidated Subsidiary of Avnet),
                  whether or not in the ordinary course of business, other than
                  on fair and reasonable terms substantially as favorable to
                  Avnet or such Subsidiary as would be obtainable by Avnet or
                  such Subsidiary at the time in a comparable arm's length
                  transaction with a Person other than an Affiliate.

                           6.31 MODIFICATION OF THE 2008 SENIOR NOTE INDENTURE.
                  Avnet shall not enter into any amendment, revision, supplement
                  or modification to the 2008 Senior Note Indenture that in any
                  manner directly or indirectly (a) affects any defined term
                  therefrom used in this Agreement, or (b) materially restricts
                  or impairs any of the Administrative Agent's or Lenders' legal
                  or contractual rights or remedies under this Agreement."

                  (m)      Section 7.01 shall be amended as follows:

                           (i)      In subsection (f), by replacing the dollar
amount "$35,000,000" with "$15,000,000";

                           (ii)     By amending and restating subsection (g) in
its entirety as follows:

                           "(g)     Any event or condition shall occur which (i)
                  results in the acceleration of the maturity of any Debt or
                  obligation of any Borrower or any Material Subsidiary in
                  excess of $15,000,000 or (ii) enables the Person to whom any
                  Debt or obligation of the Borrower or any Material Subsidiary
                  in excess of $35,000,000 is owed, or any Person acting on such
                  Person's behalf, to accelerate the maturity thereof;"

                           (iii)    In subsection (n), by replacing the dollar
amount "$50,000,000" with "$15,000,000".

         2.       Representations and Warranties. Avnet hereby represents and
warrants to the Administrative Agent and the Lenders as follows:

                  (a)      No Default or Event of Default has occurred and is
continuing, either immediately prior to or after giving effect to this
Amendment.

                  (b)      The execution, delivery and performance by Avnet of
this Amendment have been duly authorized by all necessary corporate and other
action and do not and will not require any registration with, consent or
approval of, notice to or action by, any Person (including any Governmental
Authority) in order to be effective and enforceable. The Credit Agreement as
amended by this Amendment constitutes the legal, valid and binding obligations
of Avnet, enforceable against it in accordance with its respective terms,
without defense, counterclaim or offset.

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                  (c)      All representations and warranties of Avnet contained
in Article V of the Credit Agreement as amended hereby are true and correct as
of the Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date.

                  (d)      Avnet is entering into this Amendment on the basis of
its own investigation and for its own reasons, without reliance upon the
Administrative Agent, the Lenders, their respective Affiliates, or any other
Person.

                  (e)      As of the Effective Date, there are no Designated
Borrowers under the Credit Agreement.

         3.       Effective Date. This Amendment will become effective as of the
date shown first above, provided each of the following conditions precedent has
been satisfied (the "Effective Date"):

                  (a)      The Administrative Agent shall have received from
each of Avnet and the Required Lenders a duly executed original (or, if elected
by the Administrative Agent, an executed facsimile copy) counterpart to this
Amendment.

                  (b)      The Administrative Agent shall have received from the
secretary or assistant secretary of Avnet a certificate providing satisfactory
evidence of the authorization of the execution, delivery and performance by
Avnet of this Amendment and any other documents contemplated hereby.

                  (c)      The Administrative Agent shall have received from
Avnet a certificate executed by a Responsible Officer of Avnet, dated as of the
Effective Date and certifying that (i) all representations and warranties
contained herein are true and correct on and as of the Effective Date as though
made on and as of such date and (ii) on and as of the Effective Date, no event
has occurred which has or would reasonably be likely to have a material adverse
effect on the business, assets, liabilities (actual or contingent), operations,
condition (financial or otherwise) or prospects of Avnet or of Avnet and its
Subsidiaries taken as a whole, or on the facts and information regarding Avnet
and its Subsidiaries as represented as of the date hereof.

                  (d)      The Administrative Agent shall have received, in form
and substance satisfactory to it, such additional approvals, consents, opinions,
documents and other information as the Administrative Agent may request.

                  (e)      The Effective Date shall have occurred no later than
February 14, 2003.

For purposes of determining compliance with the conditions specified in this
Section 3, each Lender that has executed this Amendment and delivered it to the
Administrative Agent shall be deemed to have consented to, approved or accepted,
or to be satisfied with, each document or other matter either sent, or made
available for inspection, by the Administrative Agent to such Lender for
consent, approval, acceptance or satisfaction, or required thereunder to be
consented to or approved by or acceptable or satisfactory to such Lender.

         4.       Reservation of Rights. Avnet acknowledges and agrees that the
execution and delivery by the Administrative Agent and the Required Lenders of
this Amendment shall not (a)

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be deemed to create a course of dealing or otherwise obligate the Administrative
Agent or any Lender to execute similar amendments under the same or similar
circumstances in the future or (b) be deemed to create any implied waiver of any
right or remedy of the Administrative Agent or any Lender with respect to any
term or provision of any Loan Document.

          5.      Miscellaneous.

                  (a)      Except as herein expressly amended, all terms,
covenants and provisions of the Credit Agreement are and shall remain in full
force and effect and all references therein to such Credit Agreement shall
henceforth refer to the Credit Agreement as amended by this Amendment. This
Amendment shall be deemed incorporated into, and a part of, the Credit
Agreement. The Credit Agreement, as amended hereby, is hereby ratified by Avnet.

                  (b)      This Amendment shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and
assigns. No third party beneficiaries are intended in connection with this
Amendment.

                  (c)      THIS AMENDMENT IS SUBJECT TO THE PROVISIONS OF
SECTIONS 9.19 AND 9.20 OF THE CREDIT AGREEMENT, THE PROVISIONS OF WHICH ARE BY
THIS REFERENCE HEREBY INCORPORATED HEREIN IN FULL.

                  (d)      This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument. Each of
the parties hereto understands and agrees that this document (and any other
document required herein) may be delivered by any party thereto either in the
form of an executed original or an executed original sent by facsimile
transmission to be followed promptly by mailing of a hard copy original, and
that receipt by the Administrative Agent of a facsimile transmitted document
purportedly bearing the signature of a Lender or Avnet shall bind such Lender or
Avnet, respectively, with the same force and effect as the delivery of a hard
copy original. Any failure by the Administrative Agent to receive the hard copy
executed original of such document shall not diminish the binding effect of
receipt of the facsimile transmitted executed original of such document of the
party whose hard copy page was not received by the Administrative Agent.

                  (e)      This Amendment, together with the Credit Agreement,
contains the entire and exclusive agreement of the parties hereto with reference
to the matters discussed herein and therein. This Amendment supersedes all prior
drafts and communications with respect thereto. This Amendment may not be
amended except in accordance with the provisions of Section 9.01 of the Credit
Agreement.

                  (f)      If any term or provision of this Amendment shall be
deemed prohibited by or invalid under any applicable law, such provision shall
be invalidated without affecting the remaining provisions of this Amendment or
the Credit Agreement, respectively.

                  (g)      Avnet covenants to pay to or reimburse the
Administrative Agent, upon demand, for all out-of-pocket costs and expenses
incurred in connection with the development, preparation, negotiation, execution
and delivery of this Amendment and the other documents contemplated hereby.

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                  (h)      This Amendment shall constitute a Loan Document.

                            [Signature pages follow]

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

                                    AVNET, INC.

                                    By: /s/ David R. Birk
                                        ---------------------------------------

                                    Name: David R. Birk

                                    Title: Senior Vice President, Secretary and
                                           General Counsel

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-1

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                                    BANK OF AMERICA, N.A., as the
                                    Administrative Agent, A Lender, the L/C
                                    Issuer and the Swing Line Lender

                                    BY: /s/ Sugeet Manchanda
                                        ---------------------------------------

                                    Name: Sugeet Manchanda

                                    Title: Principal

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-2

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                                    ABN AMRO BANK N.V., as a Lender

                                    By: /s/ MARIA VICKROY-PERALTA
                                        ----------------------------------------
                                    Name: MARIA VICKROY-PERALTA

                                    Title: EXECUTIVE DIRECTOR

                                    By: /s/ PETER HSU
                                        ----------------------------------------
                                    Name: PETER HSU

                                    Title: VICE PRESIDENT

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-3

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                                    THE BANK OF NOVA SCOTIA, as a
                                    Lender

                                    By: /s/ [ILLEGIBLE]
                                        ----------------------------------------
                                    Name:_______________________________________

                                    TITLE:______________________________________

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-4

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                                    BANK ONE, N.A., as a Lender

                                    BY: /s/ Daniel E. Casey
                                        --------------------------------
                                    Name:      Daniel E. Casey

                                    Title:     Director

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-6

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                                    CREDIT SUISSE FIRST BOSTON, as a
                                    Lender

                                    By: /s/ Robert Hetu
                                        ----------------------------------------

                                    Name:  Robert Hetu

                                    Title: Director

                                    BY: /s/ Guy M. Baron
                                        ---------------------------------------

                                    Name:  Guy M. Baron

                                    Title: Associate

          Signature Page for the Seventh Amendment to Credit Agreement

                                       S-7

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                                    WACHOVIA BANK, NATIONAL
                                    ASSOCIATION, as a Lender

                                    By: /s/ George L. Woolsey
                                        -----------------------------
                                    Name:  George L. Woolsey

                                    Title: Vice President

          Signature Page for the Seventh Amendment to Credit Agreement

                                      S-8

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                                    THE NORTHERN TRUST COMPANY,
                                    as a Lender

                                    By: /s/ Eric Dybing
                                        --------------------------
                                    Name: Eric Dybing

                                    Title: Second Vice President

          Signature Page for the Seventh Amendment to Credit Agreement

                                      S-12

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                                    STANDARD CHARTERED BANK, as a
                                    Lender

                                    By: /s/ MARY MACHADO SCHAMMEL
                                        --------------------------
                                    Name: MARY MACHADO SCHAMMEL

                                    Title: Sr. Vice President

                                    By: /s/ ROBERT REDDINGTON
                                        --------------------------
                                    Name: ROBERT REDDINGTON

                                    Title: AVP/CREDIT DOCUMENTATION
                                           STANDARD CHARTERED BANK NY

          Signature Page for the Seventh Amendment to Credit Agreement

                                      S-14<PAGE>

                                                                    EXHIBIT 10B

                                                               EXECUTION VERSION

                      EIGHTH AMENDMENT TO CREDIT AGREEMENT

         THIS EIGHTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as
of March 28, 2003, is entered into by and among AVNET, INC., a New York
corporation ("Avnet"), the lenders party to the Credit Agreement referred to
below (each a "Lender" and, collectively, the "Lenders") and BANK OF AMERICA,
N.A., as administrative agent for itself and the other Lenders (in such
capacity, the "Administrative Agent").

                                    RECITALS

         A.       Avnet, the Lenders and the Administrative Agent are parties to
that certain Credit Agreement (Multi-Year) dated as of October 25, 2001, as
amended or modified by that First Amendment to Credit Agreement (Multi-Year)
dated as of March 29, 2002, that Second Amendment to Credit Agreement
(Multi-Year) dated as of October 10, 2002, that certain letter agreement dated
as of November 8, 2002, that Third Amendment to Credit Agreement dated as of
November 23, 2002, that Fourth Amendment to Credit Agreement dated as of
December 9, 2002, that Fifth Amendment to Credit Agreement dated as of December
12, 2002, that Sixth Amendment to Credit Agreement dated as of December 13,
2002, and that Seventh Amendment to Credit Agreement dated as of January 30,
2003 (as so amended or modified, the "Credit Agreement"), pursuant to which the
Administrative Agent and the Lenders have extended certain credit facilities to
Avnet and certain of its Subsidiaries.

         B.       Avnet has requested that the Administrative Agent and the
Lenders agree to certain amendments of the Credit Agreement.

         The Administrative Agent and the Lenders are willing to amend the
Credit Agreement subject to the terms and conditions of this Amendment.

         NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:

         1.       Defined Terms. Unless otherwise defined herein, capitalized
terms used herein shall have the meanings, if any, assigned to such terms in the
Credit Agreement as amended hereby.

         2.       Amendments to Credit Agreement. The Credit Agreement shall be
amended, effective as of the Effective Date, as follows:

                  (a)      At Section 1.01, at the defined term "EBITDA", by
replacing the dollar amount "$25,000,000" with "$47,700,000".

                  (b)      Section 6.07(m) shall be amended by replacing the
dollar amount "$10,000,000" with "$20,000,000".

                  (c)      Section 6.14 shall be amended as follows:

<PAGE>

                           (i)      In clause (v) of subsection (h), by
replacing the dollar amount "$5,000,000" with "$15,000,000"; and

                           (ii)     In subsection (l), by replacing the dollar
amount "$5,000,000" with "$15,000,000".

                  (d)      Section 6.17 shall be amended by adding the following
                  at the end thereof:

                  ";provided, however, that notwithstanding the other provisions
                  of this Section 6.17, Avnet shall be permitted to repay,
                  prepay, cause the redemption or Substantive Defeasement of, or
                  repurchase, and cancel any or all Capital Markets Notes having
                  original stated maturities in year 2004 (collectively, the
                  "2004 Notes Redemption"), provided Avnet delivers to the
                  Administrative Agent on each date on which Avnet becomes
                  obligated to consummate a 2004 Notes Redemption a certificate
                  signed by a Responsible Officer of Avnet certifying that on
                  and as of such date (i) there exists no Default or Event of
                  Default, and (ii) the representations and warranties of Avnet
                  contained in Article V of the Credit Agreement are true and
                  correct, except to the extent that such representations and
                  warranties specifically refer to an earlier date, in which
                  case they are true and correct as of such earlier date."

                  (e)      Section 6.25 shall deleted in its entirety and

replaced with the following:

                  "6.25 SEI INVESTMENT. Avnet shall, as and when required under
                  the terms of the guarantee provision (the "SEI Guaranty
                  Provision") in that Share Purchase Agreement dated as of
                  August 25, 1999 between Avnet and SEI Investments B.V., pay or
                  deliver any amount required to be paid or delivered pursuant
                  to the SEI Guaranty Provision (collectively, the "SEI
                  Payments") and such SEI Payments shall be (a) in the form of
                  common stock of Avnet issued for such purposes (and not
                  acquired by Avnet pursuant to any secondary market purchase or
                  stock redemption program), or (b) in the form of cash,
                  provided that in the event of any such cash payment, Avnet
                  shall deliver to the Administrative Agent on the date such SEI
                  Payment is made a certificate signed by a Responsible Officer
                  of Avnet certifying that on and as of such date (the "SEI
                  Payment Date"):

                           (i)      there exists no Default or Event of Default;

                           (ii)     on a pro forma basis, based upon (A) the
                  most recent quarterly or annual financial statements delivered
                  by Avnet under Section 6.01(a) or (b) or (B) if the SEI
                  Payment Date falls between the end of a financial quarter and
                  the date on which Avnet delivers financial statements pursuant
                  to Section 6.01(a) or (b) in respect of such quarter,
                  preliminary financial statements prepared by Avnet in
                  accordance with GAAP and fairly presenting the financial
                  condition of Avnet and its consolidated Subsidiaries as of the
                  date thereof and their results of operations for the period
                  covered thereby, subject to the absence of footnotes and to
                  ordinary quarter-end adjustments, and in either event (A) and
                  (B), modified to take into account the effect of such SEI
                  Payment as if such SEI Payment had

                                        2

<PAGE>

                  occurred on the last day of such quarter, no breach of Section
                  6.11(b) or (c) would occur as a result of such SEI Payment,
                  and attaching a properly completed pro forma Compliance
                  Certificate to the same effect; and

                           (iii)    the representations and warranties of Avnet
                  contained in Article V of the Credit Agreement are true and
                  correct, except to the extent that such representations and
                  warranties specifically refer to an earlier date, in which
                  case they are true and correct as of such earlier date."

         3.       Representations and Warranties. Avnet hereby represents and
warrants to the Administrative Agent and the Lenders as follows:

                  (a)      No Default or Event of Default has occurred and is
continuing, either immediately prior to or after giving effect to this
Amendment.

                  (b)      The execution, delivery and performance by Avnet of
this Amendment have been duly authorized by all necessary corporate and other
action and do not and will not require any registration with, consent or
approval of, notice to or action by, any Person (including any Governmental
Authority) in order to be effective and enforceable. The Credit Agreement as
amended by this Amendment constitutes the legal, valid and binding obligations
of Avnet, enforceable against it in accordance with its respective terms,
without defense, counterclaim or offset.

                  (c)      All representations and warranties of Avnet contained
in Article V of the Credit Agreement as amended hereby are true and correct as
of the Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date.

                  (d)      Avnet is entering into this Amendment on the basis of
its own investigation and for its own reasons, without reliance upon the
Administrative Agent, the Lenders or any other Person.

                  (e)      As of the Effective Date, there are no Designated
Borrowers under the Credit Agreement.

                  (f)      The information set forth on Schedule 1 attached
hereto in respect of Avnet do Brasil LTDA ("Avnet Brasil") and Soluciones
Mercantiles, S. de R.L. de C.V. (Mexico) ("Soluciones") is true and correct in
all material respects to the best of Avnet's knowledge.

         4.       Effective Date. This Amendment will become effective as of the
date shown first above, provided each of the following conditions precedent has
been satisfied (the "Effective Date"):

                  (a)      The Administrative Agent shall have received from
each of Avnet and the Required Lenders a duly executed original (or, if elected
by the Administrative Agent, an executed facsimile copy) counterpart to this
Amendment.

                                        3

<PAGE>

                  (b)      The Administrative Agent shall have received from the
secretary or assistant secretary of Avnet a certificate providing satisfactory
evidence of the authorization of the execution, delivery and performance by
Avnet of this Amendment and any other documents contemplated hereby.

                  (c)      The Administrative Agent shall have received from
Avnet a certificate executed by a Responsible Officer of Avnet, dated as of the
Effective Date and certifying that (i) all representations and warranties
contained herein are true and correct on and as of the Effective Date as though
made on and as of such date and (ii) on and as of the Effective Date, no event
has occurred which has or would reasonably be likely to have a material adverse
effect on the business, assets, liabilities (actual or contingent), operations,
condition (financial or otherwise) or prospects of Avnet or of Avnet and its
Subsidiaries taken as a whole.

                  (d)      The Administrative Agent shall have received
satisfactory evidence that Avnet has paid (i) all Attorney Costs of the
Administrative Agent, and (ii) all other reasonable out-of-pocket costs and
expenses of the Administrative Agent in connection with the negotiation,
preparation, execution and delivery of this Amendment and any other documents to
be delivered in connection herewith, in each case to the extent invoiced prior
to the Effective Date (including any previously invoiced and outstanding
Attorney Costs that relate to services previously provided).

                  (e)      The Administrative Agent shall have received, in form
and substance satisfactory to it, such additional approvals, consents, opinions,
documents and other information as the Administrative Agent may request.

                  (f)      The Administrative Agent shall have received, in form
and substance satisfactory to it, an irrevocable notice pursuant to Section
2.06(a) of the Credit Agreement from Avnet (such notice, the "Reduction
Notice"), which Reduction Notice shall specify the reduction of the Aggregate
Commitments to $350,000,000, such reduction to occur as of the Effective Date.

                  (g)      The Effective Date shall have occurred no later than
March 28, 2003.

For purposes of determining compliance with the conditions specified in this
Section 4,each Lender that has executed this Amendment and delivered it to the
Administrative Agent shall be deemed to have consented to, approved or accepted,
or to be satisfied with, each document or other matter either sent, or made
available for inspection, by the Administrative Agent to such Lender for
consent, approval, acceptance or satisfaction, or required thereunder to be
consented to or approved by or acceptable or satisfactory to such Lender.

         5.       Reservation of Rights. Avnet acknowledges and agrees that the
execution and delivery by the Administrative Agent and the Required Lenders of
this Amendment shall not (a) be deemed to create a course of dealing or
otherwise obligate the Administrative Agent or any Lender to execute similar
amendments under the same or similar circumstances in the future or (b) be
deemed to create any implied waiver of any right or remedy of the Administrative
Agent or any Lender with respect to any term or provision of any Loan Document.

                                        4

<PAGE>

         6.       Miscellaneous.

                  (a)      Except as herein expressly amended, all terms,
covenants and provisions of the Credit Agreement are and shall remain in full
force and effect and all references therein to such Credit Agreement shall
henceforth refer to the Credit Agreement as amended by this Amendment. This
Amendment shall be deemed incorporated into, and a part of, the Credit
Agreement. The Credit Agreement, as amended hereby, is hereby ratified by Avnet.

                  (b)      This Amendment shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and
assigns. No third party beneficiaries are intended in connection with this
Amendment.

                  (c)      THIS AMENDMENT IS SUBJECT TO THE PROVISIONS OF
SECTIONS 9.19 AND 9.20 OF THE CREDIT AGREEMENT, THE PROVISIONS OF WHICH ARE BY
THIS REFERENCE HEREBY INCORPORATED HEREIN IN FULL.

                  (d)      This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument. Each of
the parties hereto understands and agrees that this document (and any other
document required herein) may be delivered by any party thereto either in the
form of an executed original or an executed original sent by facsimile
transmission to be followed promptly by mailing of a hard copy original, and
that receipt by the Administrative Agent of a facsimile transmitted document
purportedly bearing the signature of A Lender or Avnet shall bind such Lender or
Avnet, respectively, with the same force and effect as the delivery of a hard
copy original. Any failure by the Administrative Agent to receive the hard copy
executed original of such document shall not diminish the binding effect of
receipt of the facsimile transmitted executed original of such document of the
party whose hard copy page was not received by the Administrative Agent.

                  (e)      This Amendment, together with the Credit Agreement,
contains the entire and exclusive agreement of the parties hereto with reference
to the matters discussed herein and therein. This Amendment supersedes all prior
drafts and communications with respect thereto. This Amendment may not be
amended except in accordance with the provisions of Section 9.01 of the Credit
Agreement.

                  (f)      If any term or provision of this Amendment shall be
deemed prohibited by or invalid under any applicable law, such provision shall
be invalidated without affecting the remaining provisions of this Amendment or
the Credit Agreement, respectively.

                  (g)      Avnet covenants to pay to or reimburse the
Administrative Agent, upon demand, for all out-of-pocket costs and expenses
incurred in connection with the development, preparation, negotiation, execution
and delivery of this Amendment and the other documents contemplated hereby.

                  (h)      This Amendment shall constitute a Loan Document.

                                        5

<PAGE>

                  (i)      The Lenders hereby acknowledge that the
Administrative Agent shall not be required to request foreign law Collateral
Documents relating to pledges of shares or other interests (collectively, the
"Specified Collateral Documents") of Avnet Brasil and Soluciones (collectively,
the "Specified Subsidiaries"), and the Administrative Agent hereby agrees that
Avnet shall not be required to deliver the Specified Collateral Documents
regarding the Specified Subsidiaries; provided, however, that upon the
occurrence of a Default or Event of Default, the Administrative Agent shall, at
the request of the Required Lenders, require Avnet to deliver the Specified
Collateral Documents regarding the Specified Subsidiaries and Avnet shall
deliver the Specified Collateral Documents in accordance with the terms and
conditions set forth in the Collateral Documents.

                  (j)      The Lenders hereby consent (i) to the Administrative
Agent returning to Avnet a stock certificate (the "eConnections Certificate")
evidencing 3,867,366 shares of Series B Convertible Preferred Stock of
eConnections, Inc. ("eConnections") and to Avnet tendering such eConnections
Certificate to eConnections in connection with a liquidation plan by
eConnections for a consideration of approximately$0.2315 per share (the
"eConnections Transaction"), and (ii) to Avnet selling 132,000 shares of common
stock of Clear Technologies, Inc. through its Subsidiary Savoir Technology
Group, Inc. pursuant to an existing contractual obligation for a consideration
of $1,500,000 or more, payable over five years following the sale of such shares
(the "Clear Technologies Transaction"; and together with the eConnections
Transaction, collectively, the "Permitted Dispositions") and (iii) to the
Administrative Agent releasing all Lender Liens thereon; provided that (i) the
Permitted Dispositions shall be substantially consummated no later than May
31, 2003, (ii) no Default or Event of Default shall exist on the date of the
release of the Lender Liens in respect of the Permitted Dispositions, and (iii)
no material change of the Permitted Dispositions shall have occurred without the
prior written consent of the Required Lenders.

                  (k)      Solely for the purpose of the Reduction Notice, the
Lenders hereby waive the notice requirement in connection with a reduction of
the Aggregate Commitments by Avnet set forth in clause (i) of Section 2.06(a) of
the Credit Agreement.

                            [Signature pages follow]

                                        6

<PAGE>

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

                                                AVNET, INC.

                                                By: /s/ Raymond Sadowski
                                                   -----------------------------
                                                Name:  Raymond Sadowski

                                                Title: Senior Vice President And
                                                       Chief Financial Officer

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-1

<PAGE>

                                         BANK OF AMERICA, N.A., as the
                                         Administrative Agent, a Lender, the L/C
                                         Issuer and the Swing Line Lender

                                         By: /s/ Sugeet Manchanda
                                            --------------------------
                                         Name:  Sugeet Manchanda

                                         Title: Principal

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-2

<PAGE>

                                         ABN AMRO BANK N.V., as a Lender

                                         By: /s/ Bassam Wehbe
                                            ------------------------------
                                         Name:  BASSAM WEHBE

                                         Title: SENIOR VICE PRESIDENT

                                         By: /s/ PETER HSU
                                            ------------------------------
                                         Name:  PETER HSU

                                         Title: VICE PRESIDENT

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-3

<PAGE>

                                         THE BANK OF NOVA SCOTIA, as a
                                         Lender

                                         By:____________________________

                                         Name:__________________________

                                         Title:_________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-4

<PAGE>

                                         BANK OF TOKYO-MITSUBISHI
                                         TRUST COMPANY, as a Lender

                                         By:____________________________

                                         Name:__________________________

                                         Title:_________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-5

<PAGE>

                                         BANK ONE, N.A., as a Lender

                                         By: /s/ Daniel E. Casey
                                             ---------------------------
                                         Name: Daniel E. Casey

                                         Title: Director

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-6

<PAGE>

                                         CREDIT SUISSE FIRST BOSTON, as a
                                         Lender

                                         By: /s/ Christopher Lally
                                             ---------------------------

                                         Name: CHRISTOPHER LALLY

                                         Title: VICE PRESIDENT

                                         By: /s/ Guy M. Baron
                                            ----------------------------

                                         Name:  GUY M. BARON

                                         Title: ASSOCIATE

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-7

<PAGE>

                                         WACHOVIA BANK,NATIONAL
                                         ASSOCIATION, as a Lender

                                         By: ____________________________

                                         Name: __________________________

                                         Title: _________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-8

<PAGE>

                                         FLEET NATIONAL BANK, as a Lender

                                         By: /s/ Steven J. Melicharel
                                            -----------------------------

                                         Name: STEVEN J. MELICHAREL

                                         Title: SVP

           Signature Page for the Eighth Amendment to Credit Agreement

                                       S-9

<PAGE>

                                         KBC BANK, N.V., as a Lender

                                         By: ____________________________

                                         Name: __________________________

                                         Title: _________________________

                                         By: ____________________________

                                         Name:__________________________

                                         Title:_________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-10

<PAGE>

                                         NATEXIS BANQUES POPULAIRES,
                                         as a Lender

                                         By: ____________________________

                                         Name: __________________________

                                         Title: _________________________

                                         By: ____________________________

                                         Name: __________________________

                                         Title: _________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-11

<PAGE>

                                         THE NORTHERN TRUST COMPANY, as a Lender

                                         By: /s/ Eric Dybing
                                            ----------------------------

                                         Name:  Eric Dybing

                                         Title: Second Vice President

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-12

<PAGE>

                                         SKANDINAVISKA ENSKILDA
                                         BANKEN AB (PUBL), as a Lender

                                         By:____________________________

                                         Name:__________________________

                                         Title:_________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-13

<PAGE>

                                         STANDARD CHARTERED BANK, as
                                         a Lender

                                         By: /s/ Mary Machado Schammel
                                            ----------------------------

                                         Name:  MARY MACHADO SCHAMMEL

                                         Title: Sr. Vice President

                                         By: /s/ Robert Reddington
                                            ----------------------------

                                         Name:  ROBERT REDDINGTON

                                         Title: AVP/CREDIT DOCUMENTATION
                                                STANDARD CHARTERED BANK NY

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-14

<PAGE>

                                         UNICREDITO ITALIANO, NEW YORK
                                         BRANCH, as a Lender

                                         By:____________________________

                                         Name:__________________________

                                         Title:_________________________

                                         By:____________________________

                                         Name:__________________________

                                         Title:_________________________

           Signature Page for the Eighth Amendment to Credit Agreement

                                      S-15

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