On June 29, 2009, Bell Microproducts Limited, and other European-based subsidiaries of Bell Microproducts Inc., executed a letter agreement with Bank of America, N.A. as Agent for the Syndicated Credit Agreement dated December 2, 2002, as amended and restated effective May 21, 2008. Pursuant to the letter agreement, the lenders agreed to extend the time for the delivery of audited consolidated financial statements of Bell Microproducts Limited to September 30, 2009 for the 2008 fiscal year, extend the time for delivery of such financial statements for 2009 and thereafter to 180 days after the end of the fiscal year, and modify the definitions pertaining to interest rates.

The foregoing is qualified in its entirety by reference to the letter agreement attached to this Current Report as Exhibit 10.1, which is incorporated herein by reference.

(d) Exhibits

    Exhibit  Letter Agreement executed June 29, 2009, by and among Bell
10.1        Microproducts Limited, other European-based subsidiaries of Bell
            Microproducts Inc., and Bank of America, N.A.