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EXHIBIT 10.37
AMENDMENT NO. 2 TO
ASSET PURCHASE AGREEMENT
ThisAmendmentNo.2(this“Amendment”)tothatcertainAssetPurchaseAgreement,datedNovember17,2015,asamendedbyAmendmentNo.l
thereto,datedDecember1,2015(the“PurchaseAgreement”),byandamongPCMSales,Inc.,aCaliforniacorporation(successorbymergerto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 January 21, 2016 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orinthe“SideLetter”(definedbelow),asapplicable.
1.ReferenceismadetoSection8.14ofthePurchaseAgreementandtotheSideLetteramongthepartiesdatedDecember1,2015enteredintoin
connectionwiththe Purchase Agreement, (the “Side Letter”). The parties hereby acknowledge that Systemax hasmadeavailabletheinformationreferenced 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,
effectiveasofDecember1,2015,ofanyobligationto,andSystemaxandSellersshallnotatanytime,purgetheConsumerCustomersfromtheproductionSource
Databases.
2.Pursuanttoparagraph5oftheSideLetter,PurchaserherebyexercisesitsoptiontoacquiretheacquiretheOptionedCustomerData,provided
thattheOptionexercisepriceshallbe$399,999,andparagraph5oftheSideLetter isherebyaccordinglyamendedtoreplacethenumber“$500,000”withthe
number “$399,999”. Sellers hereby acknowledge receipt of the $399,999 Option exercise price, and Purchaser hereby acknowledges receipt of the Optioned
CustomerData.
3.Exceptasspecificallyamendedhereby,thePurchaseAgreementandSideLettershallremaininfullforceandeffectasoriginallyconstituted.
4.ThisAmendmentembodiestheentireunderstandingbetweenthepartieswithrespecttothesubjectmatterhereofandcanbemodifiedonlybya
writteninstrumentexecutedbyallparties.
5.This Amendment shall be subject to the miscellaneous provisions contained in Article 11 of the Purchase Agreement, which are hereby
incorporatedbyreferenceherein,mutatis mutandis.