Document:

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                                                                    Exhibit 10.B

                               AMENDMENT NO. 3 TO
                           RECEIVABLES SALE AGREEMENT

            This Amendment No. 3 to Receivables Sale Agreement (this
"Amendment") is entered into as of November 25, 2002, between Avnet, Inc., a New
York corporation ("Originator"), and Avnet Receivables Corporation, a Delaware
corporation ("Buyer").

                                    RECITALS

            Originator and Buyer entered into that certain Receivables Sale
Agreement, dated as of June 28, 2001, and amended such Receivables Sale
Agreement pursuant to Amendment No. 1 thereto, dated as of February 6, 2002, and
further amended such Receivables Sale Agreement pursuant to Amendment No. 2
thereto, dated as of June 26, 2002 (such agreement, as so amended, the "Sale
Agreement").

            Avnet Receivables Corporation, as Seller, Avnet, Inc., as Servicer,
the Financial Institutions party thereto, the Companies party thereto and Bank
One, NA (Main Office Chicago), as agent, are entering into Amendment No. 2 to
Amended and Restated Receivables Purchase Agreement, dated as of the date hereof
(the "RPA Amendment").

            Each of the parties hereto now desires to amend the Sale Agreement,
subject to the terms and conditions hereof, to, among other things, conform the
Sale Agreement with the amendments contemplated by the RPA Amendment, as more
particularly described herein.

                                    AGREEMENT

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

            Section 1. Definitions Used Herein. Capitalized terms used herein
and not otherwise defined herein shall have the respective meanings set forth
for such terms in, or incorporated by reference into, the Sale Agreement.

            Section 2. Amendments. Subject to the terms and conditions set forth
herein, the Sale Agreement is hereby amended as follows:

                                                              AMENDMENT NO. 3 TO
                                                      RECEIVABLES SALE AGREEMENT
<PAGE>
                  (a) Section 1.6 of the Sale Agreement is hereby amended by
replacing the phrase "Receivables now existing and hereafter arising" in such
section with the phrase "Receivables now existing and hereafter arising through
and including the Termination Date".

                  (b) Section 4.2(d) of the Sale Agreement is hereby amended by
(i) adding the following phrase to the end of the first sentence in such
section, ";provided that, after the Termination Date, Originator may grant or
create a Permitted Adverse Claim upon any Receivable arising after the
Termination Date, together with any Collections and Related Security with
respect to any such Receivable arising after the Termination Date" and (ii)
adding the following phrase to the end of the last sentence in such section, ",
other than a Permitted Adverse Claim; provided that such Permitted Adverse Claim
does not create or suffer to exist any Adverse Claim on or with respect to (i)
the proceeds of any inventory which proceeds constitute Receivables, Related
Security or Collections or (ii) any returned or repossessed inventory or goods
the sale, lease or financing of which gave rise to any Receivable".

                  (c) Exhibit I to the Sale Agreement is hereby amended by
replacing the phrase "other interest, including, without limitation, any
indebtedness, obligation or interest constituting an account, chattel paper,
instrument or general intangible, arising" in the definition of "Receivable"
appearing in such exhibit with the phrase "other interest (including, without
limitation, any indebtedness, obligation or interest constituting an account,
chattel paper, instrument or general intangible), arising".

            Section 3. Conditions to Effectiveness of Amendment. This Amendment
shall become effective as of the date hereof, upon the satisfaction of the
conditions precedent that:

                  (a) Amendment. The Buyer and the Agent shall have received, on
or before the date hereof, executed counterparts of this Amendment, duly
executed by each of the parties hereto.

                  (b) RPA Amendment. All conditions precedent contained in
Section 3 of the RPA Amendment shall have been satisfied and the RPA Amendment
shall be in full force and effect.

                  (c) Representations and Warranties. As of the date hereof,
both before and after giving effect to this Amendment, all of the
representations and

                                                              AMENDMENT NO. 3 TO
                                                      RECEIVABLES SALE AGREEMENT

                                       2
<PAGE>
warranties contained in the Sale Agreement and in each other Transaction
Document shall be true and correct as though made on and as of the date hereof
(and by its execution hereof, each of Buyer and Originator shall be deemed to
have represented and warranted such).

                  (d) No Termination Event or Potential Termination Event. As of
the date hereof, both before and after giving effect to this Amendment, no
Termination Event or Potential Termination Event shall have occurred and be
continuing (and by its execution hereof, Buyer and Originator shall be deemed to
have represented and warranted such).

            Section 4. Miscellaneous.

                  (a) Effect; Ratification. The amendments set forth herein are
effective solely for the purposes set forth herein and shall be limited
precisely as written, and shall not be deemed (i) to be a consent to any
amendment, waiver or modification of any other term or condition of the Sale
Agreement or of any other instrument or agreement referred to therein or (ii) to
prejudice any right or remedy which Buyer (or any of its assigns) may now have
or may have in the future under or in connection with the Sale Agreement, as
amended hereby, or any other instrument or agreement referred to therein. Each
reference in the Sale Agreement to "this Agreement," "herein," "hereof" and
words of like import and each reference in the other Transaction Documents to
the Sale Agreement, to the "Receivables Sale Agreement" or to the "Sale
Agreement" shall mean the Sale Agreement as amended hereby. This Amendment shall
be construed in connection with and as part of the Sale Agreement and all terms,
conditions, representations, warranties, covenants and agreements set forth in
the Sale Agreement and each other instrument or agreement referred to therein,
except as herein amended, are hereby ratified and confirmed and shall remain in
full force and effect.

                  (b) Transaction Documents. This Amendment is a Transaction
Document executed pursuant to the Sale Agreement and shall be construed,
administered and applied in accordance with the terms and provisions thereof.

                  (c) Costs, Fees and Expenses. Originator agrees to reimburse
Buyer and its assigns upon demand for all costs, fees and expenses in connection
with the preparation, execution and delivery of this Amendment (including the
reasonable fees and expenses of counsels to Buyer and its assigns).

                                                              AMENDMENT NO. 3 TO
                                                      RECEIVABLES SALE AGREEMENT

                                       3
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                  (d) Counterparts. This Amendment may be executed in any number
of counterparts, each such counterpart constituting an original and all of which
when taken together shall constitute one and the same instrument.

                  (e) Severability. Any provision contained in this Amendment
which is held to be inoperative, unenforceable or invalid in any jurisdiction
shall, as to that jurisdiction, be inoperative, unenforceable or invalid without
affecting the remaining provisions of this Amendment in that jurisdiction or the
operation, enforceability or validity of such provision in any other
jurisdiction.

                  (f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK EXCLUDING
CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE
APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

                            (Signature Page Follows)

                                                              AMENDMENT NO. 3 TO
                                                      RECEIVABLES SALE AGREEMENT

                                       4
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            IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed and delivered by their respective duly authorized officers as of the
date first written above.

                                       AVNET, INC.

                                       By:  /s/ Raymond Sadowski
                                          --------------------------------------
                                       Name:  Raymond Sadowski
                                       Title: Senior Vice President and
                                              Chief Financial Officer

                                       AVNET RECEIVABLES CORPORATION

                                       By:  /s/ Raymond Sadowski
                                          --------------------------------------
                                       Name:  Raymond Sadowski
                                       Title: President and Treasurer

                                                              AMENDMENT NO. 3 TO
                                                      RECEIVABLES SALE AGREEMENT<PAGE>
                                                                    Exhibit 10.C

                     AMENDMENT NO. 3 TO AMENDED AND RESTATED
                         RECEIVABLES PURCHASE AGREEMENT

      This Amendment No. 3 to Amended and Restated Receivables Purchase
Agreement (this "Amendment") is entered into as of December 9, 2002, among Avnet
Receivables Corporation, a Delaware corporation ("Seller"), Avnet, Inc., a New
York corporation ("Avnet"), as initial Servicer (the Servicer together with
Seller, the "Seller Parties" and each a "Seller Partv"), each Financial
Institution signatory hereto (the "Financial Institutions"), each Company
signatory hereto (the "Companies") and Bank One, NA (Main Office Chicago), as
agent for the Purchasers (the "Agent").

                                    RECITALS

      Each of the parties hereto entered into that certain Amended and Restated
Receivables Purchase Agreement, dated as of February 6, 2002, and amended such
Amended and Restated Receivables Purchase Agreement pursuant to Amendment No. 1
thereto, dated as of June 26, 2002, and further amended such Amended and
Restated Receivables Purchase Agreement pursuant to Amendment No. 2 thereto,
dated as of November 25, 2002 (such Amended and Restated Receivables Purchase
Agreement, as so amended, the "Purchase Agreement").

      Each Seller Party has requested that the Agent and the Purchasers amend
certain provisions of the Purchase Agreement, all as more fully described
herein.

      Subject to the terms and conditions hereof, each of the parties hereto now
desires to amend the Purchase Agreement as particularly described herein.

                                    AGREEMENT

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

      Section 1. Definitions Used Herein. Capitalized terms used herein and not
otherwise defined herein shall have the respective meanings set forth for such
terms in, or incorporated by reference into, the Purchase Agreement.

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT
<PAGE>
      Section 2. Amendment. Subject to the terms and conditions set forth
herein, Section 9.1(l) of the Purchase Agreement is hereby amended by replacing
the phrase "December 10, 2002" in such section with the phrase "December
12, 2002".

      Section 3. Conditions to Effectiveness of this Amendment. This Amendment
shall become effective as of the date hereof, upon the satisfaction of the
conditions precedent that:

            (a) Amendment. The Agent shall have received, on or before the date
hereof, executed counterparts of this Amendment, duly executed by each of the
parties hereto.

            (b) Representations and Warranties. As of the date hereof, both
before and after giving effect to this Amendment, all of the representations and
warranties contained in the Purchase Agreement and in each other Transaction
Document shall be true and correct in all material respects as though made on
the date hereof (and by its execution hereof, each of Seller and the Servicer
shall be deemed to have represented and warranted such).

            (c) No Amortization Event. As of the date hereof, both before and
after giving effect to this Amendment, no Amortization Event or Potential
Amortization Event shall have occurred and be continuing (and by its execution
hereof, each of Seller and the Servicer shall be deemed to have represented and
warranted such).

      Section 4. Miscellaneous.

            (a) Effect; Ratification. The amendment set forth herein is
effective solely for the purposes set forth herein and shall be limited
precisely as written, and shall not be deemed to (i) be a consent to, or
acknowledgment of, any amendment, waiver or modification of any other term or
condition of the Purchase Agreement or of any other instrument or agreement
referred to therein or (ii) prejudice any right or remedy which any Purchaser or
the Agent may now have or may have in the future under or in connection with the
Purchase Agreement, as amended hereby, or any other instrument or agreement
referred to therein. Each reference in the Purchase Agreement to "this
Agreement," "herein," "hereof" and words of like import and each reference in
the other Transaction Documents to the "Receivables Purchase Agreement" or to
the "Purchase Agreement" shall mean the Purchase Agreement as amended hereby.
This Amendment shall be construed in connection with and as part of the Purchase
Agreement and all terms, conditions, representations, warranties,

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT

                                       2
<PAGE>
covenants and agreements set forth in the Purchase Agreement and each other
instrument or agreement referred to therein, except as herein amended, are
hereby ratified and confirmed and shall remain in full force and effect.

            (b) Transaction Documents. This Amendment is a Transaction Document
executed pursuant to the Purchase Agreement and shall be construed, administered
and applied in accordance with the terms and provisions thereof.

            (c) Costs, Fees and Expenses. Seller agrees to reimburse the Agent
and the Purchasers upon demand for all costs, fees and expenses (including the
reasonable fees and expenses of counsels to the Agent and the Purchasers)
incurred in connection with the preparation, execution and delivery of this
Amendment.

            (d) Counterparts. This Amendment may be executed in any number of
counterparts, each such counterpart constituting an original and all of which
when taken together shall constitute one and the same instrument.

            (e) Severability. Any provision contained in this Amendment that is
held to be inoperative, unenforceable or invalid in any jurisdiction shall, as
to that jurisdiction, be inoperative, unenforceable or invalid without affecting
the remaining provisions of this Amendment in that jurisdiction or the
operation, enforceability or validity of such provision in any other
jurisdiction.

            (f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW
PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE
LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

            (g) WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL BY
JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTED WITH THIS AMENDMENT, ANY DOCUMENT EXECUTED BY ANY
SELLER PARTY PURSUANT TO THIS AMENDMENT OR THE RELATIONSHIP ESTABLISHED
HEREUNDER OR THEREUNDER.

                            (Signature Pages Follow)

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT

                                       3
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their respective duly authorized officers as of the
date first written above.

                                       AVNET RECEIVABLES CORPORATION, as Seller

                                       /s/ David R. Birk
                                       ----------------------------------------
                                       Name:  David R. Birk
                                       Title: Vice President

                                       AVNET, INC., as Servicer

                                       /s/ Raymond Sadowski
                                       -----------------------------------------
                                       Name:  Raymond Sadowski
                                       Title: Senior Vice President and
                                              Chief Financial Officer

                                       PREFERRED RECEIVABLES FUNDING
                                       CORPORATION, as a Company

                                       By:
                                       -----------------------------------------
                                               Authorized Signer

                                       BANK ONE, NA (MAIN OFFICE CHICAGO),
                                       as a Financial Institution and as Agent

                                       By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                              RECEIVABLES   PURCHASE   AGREEMENT
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their respective duly authorized officers as of the
date first written above.

                                       AVNET RECEIVABLES CORPORATION, as Seller

                                       By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       AVNET, INC., as Servicer

                                       By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       PREFERRED RECEIVABLES FUNDING
                                       CORPORATION, as a Company

                                       By: [SIGNATURE GRAPHIC]
                                       -----------------------------------------
                                       Authorized Signer

                                       BANK ONE, NA (MAIN OFFICE CHICAGO),
                                       as a Financial Institution and as Agent

                                       By: /s/ John L. Loy
                                       -----------------------------------------
                                       Name:  JOHN L. LOY
                                       Title: DIRECTOR, CAPITAL MARKETS

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT
<PAGE>
                                       LIBERTY STREET FUNDING CORP., as a
                                       Company

                                       By: /s/ Andrew L. Stidd
                                       -----------------------------------------
                                       Name:  ANDREW L. STIDD
                                       Title: PRESIDENT

                                       THE BANK OF NOVA SCOTIA, as a Financial
                                       Institution

                                       By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT
<PAGE>
                                       LIBERTY STREET FUNDING CORP., as a
                                       Company

                                       By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       THE BANK OF NOVA SCOTIA, as a Financial
                                       Institution

                                       By: /s/ Norman Last
                                       -----------------------------------------
                                       Name:  NORMAN LAST
                                       Title: MANAGING DIRECTOR

                                         AMENDMENT NO. 3 TO AMENDED AND RESTATED
                                                  RECEIVABLES PURCHASE AGREEMENT

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