Exhibit 10.1
THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT AND OTHER FINANCING AGREEMENTS
     THIS THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
AND OTHER FINANCING AGREEMENTS (this “Amendment”), dated as of September 17,
2007, is entered into among PC MALL, INC., a Delaware corporation formerly known
as IdeaMall, Inc. (“PC Mall”), PC MALL SALES, INC., a California corporation
formerly known as Creative Computers, Inc. (“PC Mall Sales”), ELINUX.COM, INC.,
a Delaware corporation (“eLinux”), WAREFORCE CORP., a Delaware corporation
formerly known as WF Acquisition Sub, Inc. (“Wareforce”), COMPUTABILITY LIMITED,
a Delaware corporation (“Computability”), AF SERVICES, LLC, a Delaware limited
liability company, as successor by merger to AF Services, Inc. (“AF Services”),
PC MALL GOV, INC., a Delaware corporation (“PCMG”), SIFY, INC., a Delaware
corporation formerly known as ClubMac, Inc. (“SIFY”), ONSALE, INC., a Delaware
corporation (“Onsale”), AV ACQUISITION, INC., a Delaware corporation (“AV
Acquisition”), GMR SYSTEMS, INC., a Delaware corporation formerly known as Mall
Acquisition 1, Inc. and as PCM.com, Inc. (“GMRS”), MALL ACQUISITION 3, INC., a
Delaware corporation (“Acquisition 3”), MALL MARKETING, INC., a Delaware
corporation (“Mall Marketing”), OSRP, LLC, a Delaware limited liability company
(“OSRP”), PC MALL CANADA, INC., a Quebec corporation (“PC Mall Canada” and
together with PC Mall, PC Mall Sales, eLinux, Wareforce, Computability, AF
Services, PCMG, SIFY, Onsale, AV Acquisition, GMRS, Acquisition 3, Mall
Marketing, OSRP and Mall Canada, collectively referred to herein as “Existing
Borrowers”), SARCOM, INC., a Delaware corporation (“New Borrower”), WACHOVIA
CAPITAL FINANCE CORPORATION (WESTERN), a California corporation formerly known
as Congress Financial Corporation (Western), as administrative and collateral
agent for the Lenders under the Loan Agreement (in such capacity, “Agent”), and
each of the financial institutions party to the Loan Agreement as a Lender
(collectively, “Lenders”). Existing Borrowers and New Borrower will collectively
be referred to herein as “Borrowers”.
RECITALS
     A. Existing Borrowers, Mall Acquisition 2, Inc., a Delaware corporation
(“Acquisition 2”), Agent and Lenders have previously entered into that certain
Amended and Restated Loan and Security Agreement dated as of August 1, 2005, as
amended by the First Amendment to Amended and Restated Loan and Security
Agreement and Other Financing Agreements dated as of September 30, 2005 and the
Second Amendment to Amended and Restated Loan and Security Agreement dated as of
June 11, 2007 (the “Loan Agreement”), pursuant to which Agent and Lenders have
made certain loans and financial accommodations available to Existing Borrowers.
Terms used herein without definition shall have the meanings ascribed to them in
the Loan Agreement.
     B. PC Mall and Agent have previously entered into that certain Stock Pledge
Agreement dated March 7, 2001 as amended (the “Pledge Agreement”), covering the
capital stock of the other Existing Borrowers.

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     C. PC Mall is acquiring New Borrower pursuant to a merger transaction in
which Acquisition 2 will be merged with and into New Borrower, with New Borrower
as the surviving corporation, pursuant to that certain Agreement and Plan of
Merger dated as of August 17, 2007 among PC Mall, Acquisition 2, New Borrower
and certain stockholders of New Borrower (the “Sarcom Acquisition”).
     D. The parties now desire to amend the Loan Agreement and the Pledge
Agreement upon the terms and conditions set forth below.
AGREEMENT
     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
     1. Amendments.
          (a) Addition of New Borrower. New Borrower is hereby added as a
co-borrower under the Loan Agreement with the same force and effect as if New
Borrower had duly executed and delivered the Loan Agreement as Borrower
thereunder in addition to the Existing Borrowers. Without limiting the
foregoing:
               (i) The definitions of “Borrower” and “Borrowers” in the preamble
of the Loan Agreement are hereby amended to include New Borrower in addition to
the Existing Borrowers.
               (ii) New Borrower and each of the Existing Borrowers shall be
jointly and severally liable for all Obligations.
               (iii) To secure payment and performance of all Obligations, New
Borrower hereby grants to Agent a continuing security interest in, a lien upon,
and a right of set off against, and hereby assigns to Agent as security, all
Collateral, whether now owned or hereafter acquired or existing, and wherever
located.
               (iv) The Information Certificate of New Borrower attached hereto
as Exhibit A is hereby included in Exhibit A to the Loan Agreement in addition
to the Information Certificates of the Existing Borrowers.
               (v) New Borrower hereby represents and warrants to Lender the
truth and accuracy of all representations and warranties applicable to Borrowers
in the Loan Agreement (after giving effect to the inclusions of New Borrowers
and their Information Certificates as set forth in clauses (i) and (iv) above).
               (vi) New Borrower hereby agrees to perform all of the covenants
and agreements applicable to Borrowers in the Loan Agreement.
               (vii) Lender shall have all of the rights, remedies, interests
and powers as against New Borrower as provided to Lender in relation to
Borrowers in the Loan Agreement.

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          (b) New Borrower Letters of Credit. The phrase “or on account of the
letters of credit set forth on Schedule 9.9 to the Information Certificate of
Sarcom, Inc.” is hereby added immediately after the phrase “set forth on
Schedule 9.9 hereto” in Section 9.9(d) of the Loan Agreement, and the phrase “or
on Schedule 8.4 to the Information Certificate of Sarcom, Inc.” is hereby added
immediately after the phrase “set forth on Schedule 8.4 hereto” in Section
9.8(g) of the Loan Agreement.
          (c) Eligibility. Without limiting the eligibility criteria set forth
in the definitions of “Eligible Accounts” and “Eligible Inventory” in
Sections 1.20 and 1.21 of the Loan Agreement, none of the Accounts or Inventory
of New Borrower will be deemed Eligible Accounts or Eligible Inventory unless
and until Agent has completed a “take-over exam” of the Accounts and Inventory
of New Borrower during the ten (10) days preceding the closing of the Sarcom
Acquisition, with results satisfactory to Agent.
          (d) Term Loan. With respect to Section 2.3(a) of the Loan Agreement,
and subject to the terms and conditions of the Loan Agreement and this
Amendment, the aggregate principal sum of the Term Loans shall be increased to
the amount of $5,425,000, and each Term Loan Lender severally (and not jointly)
agrees to fund its Pro Rata Share of such amount (net of the outstanding
principal balance of the Term Loan of such Term Loan Lender immediately before
such increase), provided that, (i) Onsale shall have duly executed and delivered
an amendment to Agent’s deed of trust against the Real Estate, in form and
content acceptable to Agent, to secure the Term Loans as so increased, and
(ii) with respect to such amendment, Chicago Title Company shall have committed
to issue a California Land Title Association Form 110.10 Endorsement to Agent’s
loan policy of title insurance covering such deed of trust. The Term Loans as so
increased shall be (iii) evidenced by the Term Notes as amended and restated
pursuant to clause (b) of Section 2 below, (iv) repaid with interest in
accordance with the Loan Agreement, such Term Notes and other Financing
Agreements (including amortization of principal over eighty-four (84) months as
more specifically set forth in such Term Notes), and (v) secured by all of the
Collateral.
          (e) Pledge Agreement. Recital B of the Pledge Agreement is hereby
amended by adding immediately after the reference to “PC MALL CANADA, INC., a
Quebec corporation”, the words “SARCOM, INC., a Delaware corporation.”
     2. Effectiveness of this Amendment. Agent must have received the following
items, in form and content acceptable to Agent, before this Amendment is
effective.
          (a) This Amendment fully executed in a sufficient number of
counterparts for distribution to all parties.
          (b) Amended and restated Term Notes to replace the existing Term
Notes.
          (c) All consents, waivers, acknowledgments and other agreements from
third persons which Agent may deem necessary or desirable in order to permit,
protect and perfect its security interests in and liens upon the Collateral held
by New Borrower or to effectuate the provisions or purposes of the Loan
Agreement and the other Financing Agreements, including, without limitation,
Collateral Access Agreements;

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          (d) Deposit Account Control Agreements by and among Agent, New
Borrower and each bank where New Borrower has a deposit account, in each case,
duly authorized, executed and delivered by such bank and New Borrower (or Agent
shall be the bank’s customer with respect to such deposit account as Agent may
specify);
          (e) Direction Letter duly executed and delivered by New Borrower and
Huntington National Bank with respect to their credit card and debit card
processing arrangements;
          (f) Collateral Assignment of Trademarks duly executed and delivered by
New Borrower;
          (g) Collateral Assignment of Copyrights duly executed and delivered by
New Borrower;
          (h) Lien and judgment search results for the jurisdiction of
organization of New Borrower, the jurisdiction of the chief executive office of
New Borrower and all jurisdictions in which assets of New Borrower are located,
which search results shall be in form and substance satisfactory to Agent;
          (i) The certificates evidencing all of the issued and outstanding
shares of capital stock of New Borrower, together with stock powers duly
executed and delivered by PC Mall therefor in blank.
          (j) Such documents as Agent may require to establish that it has a
valid, perfected and first priority security interest in the Collateral held by
New Borrower.
          (k) Such documents as Agent may require with respect to the
organization, existence, good standing, power and authority of New Borrower.
          (l) Evidence of insurance and loss payable endorsements with respect
to the insurance policies of New Borrower.
          (m) Favorable opinion letter of counsel to New Borrower with respect
to the transactions contemplated hereby.
          (n) Evidence that the Sarcom Acquisition has closed.
          (o) All other documents and legal matters in connection with the
transactions contemplated by this Amendment shall have been delivered or
executed or recorded and shall be in form and substance satisfactory to Agent.
     3. Representations and Warranties. Each Borrower represents and warrants as
follows:
          (a) Authority. Such Borrower has the requisite corporate or company
power and authority to execute and deliver this Amendment, and to perform its
obligations hereunder and under the Financing Agreements (as amended or modified
hereby) to which it is a party.

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The execution, delivery and performance by such Borrower of this Amendment have
been duly approved by all necessary corporate or company action and no other
corporate or company proceedings are necessary to consummate such transactions.
          (b) Enforceability. This Amendment has been duly executed and
delivered by such Borrower. This Amendment and each Financing Agreement (as
amended or modified hereby) is the legal, valid and binding obligation of such
Borrower, enforceable against such Borrower in accordance with its terms, and is
in full force and effect.
          (c) Representations and Warranties. The representations and warranties
contained in each Financing Agreement (other than any such representations or
warranties that, by their terms, are specifically made as of a date other than
the date hereof) are correct on and as of the date hereof as though made on and
as of the date hereof.
          (d) Due Execution. The execution, delivery and performance of this
Amendment are within the power of such Borrower, have been duly authorized by
all necessary corporate or company action, have received all necessary
governmental approval, if any, and do not contravene any law or any contractual
restrictions binding on such Borrower.
          (e) No Default. No event has occurred and is continuing that
constitutes an Event of Default.
     4. Choice of Law. The validity of this Amendment, its construction,
interpretation and enforcement, the rights of the parties hereunder, shall be
determined under, governed by, and construed in accordance with the internal
laws of the State of California governing contracts only to be performed in that
State.
     5. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties and separate counterparts, each of which
when so executed and delivered, shall be deemed an original, and all of which,
when taken together, shall constitute one and the same instrument. Delivery of
an executed counterpart of a signature page to this Amendment by telefacsimile
shall be effective as delivery of a manually executed counterpart of this
Amendment.
     6. Reference to and Effect on the Financing Agreements.
          (a) Upon and after the effectiveness of this Amendment, each reference
in the Loan Agreement to “this Agreement”, “hereunder”, “hereof” or words of
like import referring to the Loan Agreement, and each reference in the other
Financing Agreements to “the Loan Agreement”, “thereof” or words of like import
referring to the Loan Agreement, shall mean and be a reference to the Loan
Agreement as modified and amended hereby.
          (b) Except as specifically provided above, the Loan Agreement and all
other Financing Agreements, are and shall continue to be in full force and
effect and are hereby in all respects ratified and confirmed and shall
constitute the legal, valid, binding and enforceable obligations of Borrowers to
Agent and Lenders.

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          (c) The execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of Agent or any Lender
under any of the Financing Agreements, nor constitute a waiver of any provision
of any of the Financing Agreements.
          (d) To the extent that any terms and conditions in any of the
Financing Agreements shall contradict or be in conflict with any terms or
conditions of the Loan Agreement or the Pledge Agreement, after giving effect to
this Amendment, such terms and conditions are hereby deemed modified or amended
accordingly to reflect the terms and conditions of the Loan Agreement and the
Pledge Agreement as modified or amended hereby.
     7. Ratification. Each Borrower hereby restates, ratifies and reaffirms each
and every term and condition set forth in the Loan Agreement and the Pledge
Agreement, as amended hereby, and the other Financing Agreements effective as of
the date hereof.
[signature pages to follow]

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     IN WITNESS WHEREOF, the parties have entered into this Amendment as of the
date first above written.

          AGENT:

  WACHOVIA CAPITAL FINANCE
CORPORATION (WESTERN), as Agent
    By:   /s/ D.B. Laughton      Name:   D.B. Laughton        Title:   Managing
Director            LENDERS:
 
WACHOVIA CAPITAL FINANCE
CORPORATION (WESTERN)
      By:   /s/ D.B. Laughton      Name:   D.B. Laughton        Title:  
Managing Director       

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          BANK OF AMERICA, N.A.
    By:   /s/ Matthew Bourgeois      Name:   Matthew Bourgeois        Title:  
Senior Vice President           

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          LASALLE BUSINESS CREDIT, LLC
    By:   /s/ Elizabeth J. Mitchell      Name:   Elizabeth J. Mitchell       
Title:   A.V.P.           

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      BORROWERS:
 
       
 
      PC MALL, INC.
 
       
 
      By: /s/ Brandon La Verne
Name: Brandon La Verne
Title: Interim CFO

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      PC MALL SALES, INC.    
 
           
 
      By: /s/ Pete Freix
Name: Pete Freix
Title: President    

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      ELINUX.COM, INC.    
 
           
 
      By: /s/ Dan DeVries
Name: Dan DeVries
Title: President    

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      WAREFORCE CORP.    
 
           
 
      By: /s/ William C. Neary
Name: William C. Neary
Title: Chairman    

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      COMPUTABILITY LIMITED    
 
           
 
      By: /s/ Kris Rogers
Name: Kris Rogers
Title: President    

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      AF SERVICES, LLC    
 
           
 
      By: /s/ Simon Abuyounes
Name: Simon Abuyounes
Title: President    

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      PC MALL GOV, INC.    
 
           
 
      By: /s/ Alan Bechara
Name: Alan Bechara
Title: President    

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      SIFY, INC.    
 
           
 
      By: /s/ Dan DeVries
Name: Dan DeVries
Title: President    

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      ONSALE, INC.    
 
           
 
      By: /s/ Abe Almbashir
Name: Abe Almbashir
Title: Secretary    

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      AV ACQUISITION, INC.    
 
           
 
      By: /s/ Dan DeVries
Name: Dan DeVries
Title: President    

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      GMR SYSTEMS, INC.    
 
           
 
      By: /s/ Alan Bechara
Name: Alan Bechara
Title: President    

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      MALL ACQUISITION 3, INC.    
 
           
 
      By: /s/ Dan DeVries
Name: Dan DeVries
Title: President    

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      MALL MARKETING, INC.    
 
           
 
      By: /s/ John Stimson
Name: John Stimson
Title: Secretary    

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      OSRP, LLC    
 
           
 
      By: /s/ Dan DeVries
Name: Dan DeVries
Title: President    

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      PC MALL CANADA, INC.    
 
           
 
      By: /s/ Kris Rogers
Name: Kris Rogers
Title: President    

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      SARCOM, INC.    
 
           
 
      By: /s/ William C. Neary
Name: William C. Neary
Title: Chairman    

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