Document:

<PAGE>

                                                                   EXHIBIT 10.40

                                                   [TD COMMERCIAL BANKING LOGO]
                                                   Mississauga Centre CBC
                                                   20 Milverton Drive
                                                   Mississauga, Ontario
                                                   L5R 3G2
                                                   Telephone No.: 905-890-4163
                                                   Fax No.: (905) 890-4136

October 12, 2001

DAISYTEK (CANADA) INC.
35 Valleywood Drive, Unit 1
Markham, ON L3R 5L9
CAN

Attn:  George Maney, Chief Financial Officer

The following amending agreement (the "Amending Agreement") amends the terms and
conditions of the credit facilities (the "Facilities") provided to the Borrower
as per the Agreement dated MARCH 15, 2001:

BORROWER                   DAISYTEK (CANADA) INC. (the "Borrower")

CREDIT LIMIT               1)       CDN $15,000,000 [or its US$ Equivalent]

TERM                       1)       3 years, until March 20, 2004

ARRANGEMENT                The Borrower will pay prior to any drawdown hereunder
FEE                        a non-refundable arrangement fee of $12,500.00.

POSITIVE
COVENANTS                  So long as any amounts remain outstanding and unpaid
                           under this Agreement or so long as any commitment
                           under this Agreement remains in effect, the Borrower
                           will and will ensure that its subsidiaries and each
                           of the Guarantors will observe the Standard Positive
                           Covenants set out in Schedule "A" and in addition
                           will:

                           c)       Delete the requirement for Annual Internally
                                    Prepared Financial Statements of BSD
                                    Holdings, Inc..

FINANCIAL
COVENANTS                  The Borrower agrees at all times to:

                           c)       Minimum Shareholder's Equity of $15MM is to
                                    be maintained at all times

<PAGE>

                                    Shareholder's Equity is defined as the sum
                                    of Share Capital, Earned and Contributed
                                    Surplus, less Goodwill in excess of
                                    $1,900,000 or as reduced by amortization.

SCHEDULE "A" -
STANDARD
TERMS AND
CONDITIONS                 Schedule "A" sets out the Standard Terms and
                           Conditions ("Standard Terms and Conditions") which
                           apply to these credit facilities. The Standard Terms
                           and Conditions, including the defined terms set out
                           therein, form part of this Agreement, unless this
                           letter states specifically that one or more of the
                           Standard Terms and Conditions do not apply or are
                           modified.
AMENDMENTS TO
SCHEDULE "A" -
TERMS AND
CONDITIONS                 The following amendments to the Standard Terms and
                           Conditions apply:

                           o        Remove Clause "c" in Section 8 Standard
                                    Negative Covenants.

                           o        Add the following sentence "Subject to
                                    written approval by the Borrower which will
                                    not be unreasonably withheld" to the
                                    beginning of Paragraph 2 Section 9
                                    Environmental.

                           o        Add the following sentence "The Bank agrees
                                    to provide prior written notice of any such
                                    increased costs" at the end of Section 15
                                    Added Cost.

All other terms and conditions remain unchanged. We ask that you acknowledge
your agreement to these amendments by signing and returning the attached
duplicate copy of this Amending Agreement to the undersigned. The amendments
will not come into force unless the duplicate of this Amending Agreement is
received by the Bank on or before 19, OCTOBER, 2001.

Yours truly,

THE TORONTO-DOMINION BANK:

<Table>
<S>                                  <C>           <C>                                  <C>
/s/ JOHN A. NEATE                      N496        /s/ MASON COATES                       I17
--------------------------------     -------       --------------------------------     -------
John A. Neate                        Signing       Mason Coates                         Signing
Relationship Manager                 No.           Vice President                       No.
</Table>

<PAGE>

TO THE TORONTO-DOMINION BANK:

DAISYTEK (CANADA) INC. hereby accepts the foregoing offer

this 11th day of October, 2001.

<Table>
<S>                                             <C>
/s/ JEFF MALANGA                                /s/ R. MITCHELL
----------------------------------------        ----------------------------------------
Signature                                       Signature

Jeff Malanga - Assistant Treasurer              R. Mitchell - EVP & CFO
----------------------------------------        ----------------------------------------
Print Name & Position                           Print Name & Position
</Table><PAGE>

                                                                   EXHIBIT 10.41

                                                    [TD COMMERCIAL BANKING LOGO]
                                                    Mississauga Centre CBC
                                                    20 Milverton Drive
                                                    Mississauga, Ontario
                                                    L5R 3G2
                                                    Telephone No.:  905-890-4163
                                                    Fax No.:  (905) 890-4136

March 25, 2002

DAISYTEK (CANADA) INC.
1-35 Valleywood Drive
Markham, ON L3R 5L9
CAN

Attn:  Jeff Malanga, Treasurer

Dear Sirs

The following amending agreement (the "Amending Agreement") amends the terms and
conditions of the credit facilities (the "Facilities") provided to the Borrower
as per the Agreement dated MARCH 15, 2001 and the subsequent Amending
Agreement(s) dated OCTOBER 12, 2001:

<TABLE>
<S>                      <C>
BORROWER                 DAISYTEK (CANADA) INC. (the "Borrower")

LENDER                   THE TORONTO-DOMINION BANK (the "Bank"), through its Mississauga
                         Commercial Banking Centre, in Mississauga, Ontario.

CREDIT LIMIT             1)   Amounts outstanding under the Facility will at all
                              times be the lesser of:
                              i)  CDN$20,000,000 [or its US$ Equivalent], AND
                              ii) the Borrowing Base as defined in Financial Covenants
                                  item (a)

TERM                     1)   The earlier of March 20, 2004, or the expiration of
                              Daisytek, Inc.'s loan facility, presently December 19, 2003.

INTEREST RATES
AND FEES                 Advances shall bear interest and fees as follows:

                         1)   3 YEAR COMMITTED REVOLVING LOAN:
                                  -    Prime Based Loans:  Prime Rate + .75% per annum
                                  -    USBR Loans:  USBR + .75% per annum
                                  -    B/As:  Stamping Fee at 225 bps per annum

ARRANGEMENT              The Borrower will pay prior to any drawdown hereunder a
                         non-refundable arrangement
</TABLE>
<PAGE>
<TABLE>
<S>                      <C>
FEE                     fee of $25,000.00.

POSITIVE
COVENANTS                So long as any amounts remain outstanding and unpaid
                         under this Agreement or so long as any commitment under
                         this Agreement remains in effect, the Borrower will and
                         will ensure that its subsidiaries and each of the
                         Guarantors will observe the Standard Positive Covenants
                         set out in Schedule "A" and in addition will provide:

                         i)   Quarterly aged list of accounts receivable of the
                              borrower, within 60 days of period end.

FINANCIAL
COVENANTS                The Borrower agrees at all times to:

                         a)   Advances under both the Toronto-Dominion Bank and
                              the Bank of Nova Scotia facilities are not to
                              exceed the Borrowing Base which is defined as 80%
                              of good quality under 90 day accounts receivable,
                              net of intercompany accounts, plus 50% of the
                              inventory net of 0-30 day payables to a maximum of
                              $7,500,000. Payables due to Daisytek, Inc. and any
                              of its subsidiaries are not deducted from
                              inventory for calculation purposes.

                         b)   Ratio of Current Assets to Current Liabilities is
                              to be maintained at 1.20:1 or higher at all times.

                              Current Liabilities to include amounts outstanding
                              under the 3 year Committed Facilities held by the
                              Toronto-Dominion Bank and the Bank of Nova Scotia.

                         c)   Minimum Shareholder's Equity of $20MM is to be
                              maintained at all times

                              Shareholder's Equity is defined as the sum of
                              Share Capital, Earned and Contributed Surplus,
                              less Goodwill in excess of $1,900,000 or as
                              reduced by amortization.

SCHEDULE "A" -
STANDARD
TERMS AND CONDITIONS     Schedule "A" sets out the Standard Terms and Conditions
                         ("Standard Terms and Conditions") which apply to these
                         credit facilities. The Standard Terms and Conditions,
                         including the defined terms set out therein, form part
                         of this Agreement, unless this letter states
                         specifically that one or more of the Standard Terms and
                         Conditions do not apply or are modified.

AMENDMENTS TO
SCHEDULE "A" -
TERMS AND CONDITIONS     The following amendments to the Standard Terms and Conditions apply:

                         -    Remove Clause "c" in Section 8 Standard Negative
                              Covenants.

                         -    Add the following sentence "Subject to written
                              approval by the Borrower which will not be
                              unreasonably withheld" to the beginning of
                              Paragraph 2 Section 9 Environmental.

                         -    Add the following sentence "The Bank agrees to
                              provide prior written notice of any such increased
                              costs" at the end of Section 15 Added Cost.

</TABLE>
<PAGE>

Unless otherwise stated, the amendments outlined above are in addition to the
Terms and Conditions of the existing Agreement. All other terms and conditions
remain unchanged. We ask that you acknowledge your agreement to these amendments
by signing and returning the attached duplicate copy of this Amending Agreement
to the undersigned. The amendments will not come into force unless the duplicate
of this Amending Agreement is received by the Bank on or before 5, APRIL, 2002.

Yours truly,

THE TORONTO-DOMINION BANK:

<TABLE>
<S>                           <C>                  <C>                     <C>
/S/ JOHN A. NEATE                                  /S/ MASON COATES
-------------------------     ----------------     -------------------     ----------------
John A. Neate                 Signing              Mason Coates            Signing
Relationship Manager          No.                  Vice President          No.
</TABLE>
<PAGE>
TO THE TORONTO-DOMINION BANK:

DAISYTEK (CANADA) INC. hereby accepts the foregoing offer

this 2 day of April, 2002.

 /S/ JEFF MALANGA                           /S/ LEE WEINER
-------------------------------             ------------------------------------
Signature                                   Signature

Jeff Malanga - Treasurer                    Director of Treasury   Lee Weiner
-------------------------------             ------------------------------------
Print Name & Position                       Print Name & Position

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]