CompUSA 2015 Annual Report Download - page 139
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Please find page 139 of the 2015 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.EXHIBIT 10.37
AMENDMENT NO. 2 TO
ASSET PURCHASE AGREEMENT
ThisAmendmentNo.2(this“Amendment”)tothatcertainAssetPurchaseAgreement,datedNovember17,2015,asamendedbyAmendmentNo.l
thereto,datedDecember1,2015(the“PurchaseAgreement”),byandamongPCMSales,Inc.,aCaliforniacorporation(successorbymergertoIntelligentIT,
Inc.,aDelawarecorporation)(“U.S.Purchaser”),AcrodexInc.,anAlbertacorporation(“CanadianPurchaser”and,togetherwithU.S.Purchaser,“Purchaser”),
PCM,Inc.,aDelawarecorporationandtheultimateparentofPurchaser(“PCM”),SystemaxInc.,aDelawarecorporation(“Systemax”),andTigerDirect,Inc.,a
Florida corporation, TigerDirect CA, Inc., a corporation organizedunder the laws of Ontario, Canada, Global Gov/EdSolutions, 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
DistributionInc., a Delawarecorporation,SYXServicesInc., a Delawarecorporation,SYXNorth American TechHoldings,LLC,a Delaware limited liability
company,SoftwareLicensingCenter,Inc.,aFloridacorporation,andPocahontasCorp.,aDelawarecorporation(individuallya“Seller”andcollectively“Sellers
”) is made and entered into as of January 21, 2016 by and among Purchaser, PCM, Systemax and Sellers. Capitalized terms used but not defined in this
AmendmentshallhavethemeaningascribedtosuchtermsinthePurchaseAgreementorinthe“SideLetter”(definedbelow),asapplicable.
1.ReferenceismadetoSection8.14ofthePurchaseAgreementandtotheSideLetteramongthepartiesdatedDecember1,2015enteredintoin
connectionwiththe Purchase Agreement, (the “Side Letter”). The parties hereby acknowledge that Systemax hasmadeavailabletheinformationreferenced in
Section 8.14 of the APA and has allowed a representative of PCM to view the information. The parties further agree that Systemax and Sellers are relieved,
effectiveasofDecember1,2015,ofanyobligationto,andSystemaxandSellersshallnotatanytime,purgetheConsumerCustomersfromtheproductionSource
Databases.
2.Pursuanttoparagraph5oftheSideLetter,PurchaserherebyexercisesitsoptiontoacquiretheacquiretheOptionedCustomerData,provided
thattheOptionexercisepriceshallbe$399,999,andparagraph5oftheSideLetter isherebyaccordinglyamendedtoreplacethenumber“$500,000”withthe
number “$399,999”. Sellers hereby acknowledge receipt of the $399,999 Option exercise price, and Purchaser hereby acknowledges receipt of the Optioned
CustomerData.
3.Exceptasspecificallyamendedhereby,thePurchaseAgreementandSideLettershallremaininfullforceandeffectasoriginallyconstituted.
4.ThisAmendmentembodiestheentireunderstandingbetweenthepartieswithrespecttothesubjectmatterhereofandcanbemodifiedonlybya
writteninstrumentexecutedbyallparties.
5.This Amendment shall be subject to the miscellaneous provisions contained in Article 11 of the Purchase Agreement, which are hereby
incorporatedbyreferenceherein,mutatis mutandis.