Exhibit 10.25

         
DATED
  1 MARCH 2005          

 
 

DEED OF VARIATION TO EXECUTIVE SERVICE AGREEMENT

 
 

 

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THIS DEED is made the 1st day of March 2005

BETWEEN:

(1)   INSIGHT DIRECT (UK) LIMITED a company registered in England with number
2579852 whose registered office is at Technology Building, Insight Campus, Terry
Street Sheffield S9 2BU (“Company”); and   (2)   STUART FENTON of 9 St Nicholas
Crescent Pyrford Surrey GU22 8TD (“Executive”).

Company and Executive are parties to that certain Executive Service Agreement
between Company and Executive made the 12th day of September 2002 (the “Original
Agreement”).

THE PARTIES AGREE as follows:

1.   DEFINITIONS       In this agreement capitalized terms shall have the
meanings given them in the Original Agreement unless the context otherwise
requires.   2.   COMMENCMENT       The amendments to the Original Agreement set
out in this Deed shall be deemed to take effect from 1st July 2004.   3.  
AMENDMENT       Clause 6.3 of the Original Agreement shall be deleted in its
entirety and replaced by the following wording:       The Executive may, at the
discretion of the Company, receive a bonus from time to time. Any bonus will be
paid in accordance with and subject to the bonus provisions determined from time
to time by and at the absolute discretion of the President IEI or the Chief
Executive Officer of Insight Enterprises, Inc. (“IEI”). Up to 30 June 2004, the
Executive shall be paid a bonus equal to two percent (2%) of the quarterly
profit after tax (“Net Earnings”) of the Insight UK operating segment (as that
term is used by IEI in its filings with the United States Securities and
Exchange Commission) as calculated in accordance with IEI’s accounting policies.
From and after 1 July 2004, the Executive shall be paid a bonus equal to two
percent (2%) of the quarterly Net Earnings of the Insight UK operating segment,
as calculated in accordance with IEI’s accounting policies with such amount
increased or decreased, as applicable, for any adjustments pertaining to

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    the Insight UK operating segment which are reflected in the tabular
reconciliation of financial measures prepared in accordance with United States
generally accepted accounting principles (“GAAP”) to non-GAAP financial measures
in the quarterly press releases of the results of operations of IEI. The
accounting policies used in calculating Net Earnings shall be consistent with
the accounting policies applied to the direct marketing subsidiaries of IEI.
This bonus shall be subject to and conditional upon the quarterly Net Earnings
of the Insight UK operating segment being equal to or greater than at least 80%
of the trailing four (4) quarters’ average (from and after 1 July 2004, for the
purpose of this bonus calculation, historical periods shall be adjusted in the
same manner as current periods). This bonus shall be calculated by the Company
and paid quarterly in arrears. The President IEI or the Chief Executive Officer
of IEI may vary any bonus scheme, at his or their sole discretion, on 30 days
notice.   4.   NO OTHER AMENDMENTS       All other terms and conditions of the
Original Agreement shall remain in full force and effect without amendment.

EXECUTED AS A DEED BY THE PARTIES SIGNING BELOW

             
SIGNED as a DEED for and on behalf of
    )      
INSIGHT DIRECT (UK) LIMITED
    )      
/s/ Stanley Laybourne
           

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Director
           
 
           

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Director / Secretary
           
 
           
SIGNED and DELIVERED as a DEED
    )      
by STUART FENTON
    )     /s/ Stuart Fenton
in the presence of:
    )      

Witness
Signature:

Witness
Name:

Witness
Address:

Witness
Occupation:

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