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Exhibit 10.36
AMENDMENT NO. 1 TO
ASSET PURCHASE AGREEMENT
ThisAmendmentNo.1(this“Amendment”)tothatcertainAssetPurchaseAgreement(the“PurchaseAgreement”),datedNovember17,2015,byand
amongIntelligent IT, Inc.,aDelawarecorporation(“U.S.Purchaser”),Acrodex Inc., an Alberta corporation (“ CanadianPurchaser” and, togetherwithU.S.
Purchaser,“Purchaser”),PCM,Inc.,aDelawarecorporationandtheultimateparentofPurchaser(“PCM”),SystemaxInc.,aDelawarecorporation(“Systemax
”),andTigerDirect,Inc.,aFloridacorporation,TigerDirectCA,Inc.,acorporationorganizedunderthelawsofOntario,Canada,GlobalGov/EdSolutions,Inc.,a
Delaware corporation, Infotel Distributors Inc., a Delaware corporation, Tek Serv Inc., a Delaware corporation, Global Computer Supplies, Inc., a New York
corporation,SYXDistributionInc.,aDelawarecorporation,SYXServicesInc.,aDelawarecorporation,SYXNorthAmericanTechHoldings,LLC,aDelaware
limited liability company, Software Licensing Center, Inc.,a Florida corporation, and Pocahontas Corp., a Delawarecorporation (individually a “ Seller”and
collectively“Sellers”)ismadeandenteredintoasofDecember1,2015byandamongPurchaser,PCM,SystemaxandSellers.Capitalizedtermsusedbutnot
definedinthisAmendmentshallhavethemeaningascribedtosuchtermsinthePurchaseAgreement.
1.ClarificationRegardingSection1.1(b).Forpurposesofclarity,clause(iii)ofSection1.1(b)ofthePurchaseAgreementshallbesubjectin
allrespects toSection1.6of the PurchaseAgreement,Section8.14of thePurchaseAgreement(as amended hereby)andthetermsand conditionsoftheother
TransactionAgreements.
2.Amendment to Schedule 1.1(e) .  All references to “Verizon” and related agreements in column “Carrier MPLS” under the heading
“Telephony/Connectivity”onSchedule1.1(e)tothePurchaseAgreementshallbedeletedintheirentirety.
3.AdditionofSection1.6(c).AnewSection1.6(c)shallbeaddedtothePurchaseAgreementandshallreadinfullasfollows:
“(c)NotwithstandinganythingcontainedinthisAgreementtothecontrary,titletothatcertainMasterLeaseAgreement
No. 16086, dated July 2, 2014, by and between EMC Corporation and SYX Services Inc. and related assets, including
without limitation, the EMC database and related hardware and software (collectively, the “ EMC Assets ”) shall be
transferredtoPurchaserontheClosingDate,butpossessionanduseoftheEMCAssetsshallremainwiththeSellersuntil
February 15, 2016. Purchaser hereby grants to Sellers a nonexclusive, irrevocable, non-sublicenseable, non-transferable,
fully-paid and royalty-free license to use the EMC Assets, subject to the terms and conditions of the Noncompetition
Agreement,solely(i)forpurposesofsellingthroughSellers’inventoryuntilFebruary15,2016,(ii)forpurposesofwinding
upSellers’accountsthroughDecember31,2016and(iii)forfinancialreporting,Taxaudits,unclaimedpropertyinquiries,
otherrecordkeepingpurposesandcustomerservicethroughDecember31,2016.Notwithstandingtheforegoing,untilthe
Website Cutover Date, the Sellers shall allow complete and unrestricted access to and use of the EMC Assets for
Purchaser’soperationofitsbusinessto(i)allTransferredEmployees,(ii)alltraining,creditandcustomerservicepersonnel
ofPurchaseranditsAffiliates,and(iii)anyadditionalmutuallyagreeablepersonnelrequestedbyPurchaser,whichconsent
shallnotbeunreasonablywithheldbySellers.Sellersshallusereasonablecommercialeffortstoreducetheiruseofandto
migrateoffoftheEMCAssets.UntiltheearlierofsuchmigrationorDecember31,2016,Purchasershallmaintainsuch
agreement and not take any action (or fail to take any action) within its reasonable control which may result in any
terminationorreductionoftheEMCAssetsortheaforesaidagreement.”