Document:

EX-10.22

 Exhibit 10.22 

EMPLOYMENT AGREEMENT 
 THIS
AGREEMENT (“Agreement”) is made as of July 26, 2007 by and between Syntel, Inc., 525 E. Big Beaver, Suite 300, Troy, MI 48083 (“SYNTEL”) and Narendar Reddy Gangidi (“EMPLOYEE”). In consideration of the mutual
promises and covenants herein contained, SYNTEL and EMPLOYEE agree as follows: 
 1. Duties. EMPLOYEE agrees to use EMPLOYEE’s best efforts in
the performance of employment duties assigned to EMPLOYEE from time to time and to, at all times, act in good faith and in the best interests of SYNTEL. EMPLOYEE agrees to comply with all rules, regulations and procedures established by SYNTEL. 

2. Confidential Information. Simultaneous with the execution of this Agreement EMPLOYEE will execute and deliver to SYNTEL the confidentiality letter
agreement attached hereto as Exhibit A, which confidentiality letter agreement is incorporated herein by reference. 
 3. Works of Authorship. Any
work of authorship created by EMPLOYEE and all improvements, discoveries, or inventions made or conceived by EMPLOYEE, either solely or jointly with others, during employment with SYNTEL in any way related to EMPLOYEE’s employment with SYNTEL,
the performance of services to any SYNTEL customer, or created, in whole or in part, during working hours or with information or resources obtained from or through SYNTEL or any SYNTEL customer, shall be promptly reported to SYNTEL and shall be and
remain the sole and exclusive property of SYNTEL, without further consideration. Upon request by SYNTEL, all documents and papers shall be executed, and all reasonable assistance shall be furnished (1) to establish in SYNTEL title to such work
of authorship, improvements, discoveries, and inventions and (2) to enable SYNTEL to apply for United States and foreign patents thereon. EMPLOYEE agrees and warrants that any deliverable or service delivered to SYNTEL and SYNTEL’s use of
such deliverable or service will neither infringe any copyrights, nor knowingly infringe any other intellectual property rights of any entity. 
 4.
Effective Date. This Agreement becomes effective upon the commencement of your employment at the job site within the United States of America. 
 5.
Compensation/Benefits. SYNTEL shall provide compensation/benefits to EMPLOYEE as set forth in the letter accompanying this Agreement. 
 6.
Non-diversion of Employees. During the term of this Agreement and for a period of two (2) years subsequent to the termination of this Agreement, EMPLOYEE shall not, without the prior written consent of SYNTEL, directly, indirectly, or
through any other party solicit, offer to, or accept the employment of, or assist others to solicit, offer to, or accept the employment of, persons who are then, or were during the previous six (6) months, employees of SYNTEL or any SYNTEL
subsidiary. 
 7. Non-solicitation/Non-compete. During the term of this Agreement and for a period of two (2) years subsequent to the
termination of this Agreement, EMPLOYEE shall not, without the prior written consent of SYNTEL, directly, indirectly, or through any other party solicit business from or perform services for any direct or indirect SYNTEL customer or any prospective
SYNTEL customer whom EMPLOYEE had any contact with or exposure to at any time during the term of this Agreement. 

 8. Former Employer. In the event EMPLOYEE becomes a party to any proceeding brought by any former employer
of EMPLOYEE at any time during or after EMPLOYEE’s employment with SYNTEL, EMPLOYEE recognizes and agrees that EMPLOYEE shall have full and sole responsibility for responding to such action and that SYNTEL has no responsibility to participate
in EMPLOYEE‘s response nor in EMPLOYEE‘s cost of such response. EMPLOYEE agrees that EMPLOYEE shall not, at any time, disclose to SYNTEL or its directors, officers, employees, or agents the trade secrets or any other confidential
information of the EMPLOYEE’s former employer. 
 9. Compliance with Laws/Hold Harmless. EMPLOYEE agrees to comply with all provisions of this
Agreement and with all laws and to indemnify, defend and hold harmless SYNTEL, its employees, agents, officers, and directors, from and against any and all claims, liabilities, damages, costs, and/or expenses of whatever kind or nature, including
without limit court costs and attorney fees, arising out of or related to the failure to so comply other than those claims, liabilities, damages, costs, and/or expenses arising solely from the gross negligence or willful misconduct of SYNTEL. 

10. Remedies. Notwithstanding paragraph 11 below, EMPLOYEE agrees that EMPLOYEE’s failure or neglect to perform, keep, or observe any term,
provision, condition, covenant, warranty, or representation contained in this Agreement, Exhibit A – “Confidential Information”, or any other agreement between EMPLOYEE and SYNTEL will cause SYNTEL immediate and irreparable harm and
that SYNTEL is, in addition to all other remedies available to it, entitled to immediate injunctive and equitable relief from a court having jurisdiction, as set forth in Paragraph 13, to prevent any breach and to secure the enforcement of its
rights hereunder. 
 11. Arbitration and Limitation of Action. In consideration of my employment with SYNTEL, EMPLOYEE agrees that any lawsuit,
dispute, controversy, or claim arising out of or related to this Agreement which has not been mutually resolved by the parties (including but not limited to any dispute, controversy, or claim of any kind, including but not limited to disputes
relating to any employment by SYNTEL or the termination thereof, claims for breach of contract or breach of the covenant of good faith and fair dealing, infliction of emotional distress, defamation and any claims of discrimination, harassment or
other claims under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the Employee Retirement Income Securities Act, or any other Federal, state or local law or regulation now in
existence or hereinafter enacted and as amended from time to time concerning in any way the subject of the EMPLOYEE’s employment with SYNTEL or its termination) must be filed no more than six (6) months after the date of the employment
action that is the subject of the claim or lawsuit, and shall be determined and settled according to the Commercial Arbitration Rules of the American Arbitration Association except for those disputes, controversies, or claims arising out of
EMPLOYEE’S failure to abide by Paragraphs 6, 7, and/or Exhibit A “Confidential Information” of this Agreement. While EMPLOYEE understands that the statute of limitations for claims arising out of an employment action may be longer
than six (6) months, EMPLOYEE agrees to be bound by the six (6) month period of limitations set forth herein, and EMPLOYEE WAIVES ANY STATUTE OF LIMITATIONS TO THE CONTRARY. EMPLOYEE or SYNTEL may demand arbitration by giving written
notice to the other party stating the nature of 

 
the controversy. An arbitration panel or an individual arbitrator shall be selected in accordance with the rules of the American Arbitration Association and the arbitration shall be held in
Oakland County, Michigan. The arbitration panel or individual arbitrator shall allow such discovery as is appropriate for the purposes of the arbitration in accomplishing fair, speedy, and cost-effective resolution of disputes. Any award rendered by
the arbitration panel or individual arbitrator shall be final, conclusive, and binding upon the parties and a judgment may be enforced in any court having jurisdiction. 

12. Reimbursement Obligation. In the event EMPLOYEE resigns employment with or is terminated for Cause by SYNTEL within twelve (12) months of the
later of relocating to or starting work at a new job site for which SYNTEL provided any relocation expense reimbursement to EMPLOYEE or paid any relocation expense on behalf of EMPLOYEE, EMPLOYEE recognizes and agrees that EMPLOYEE shall pay to
SYNTEL the amount of any such relocation expense reimbursement and/or any relocation expense paid by SYNTEL on behalf of EMPLOYEE. Cause includes, but is not limited to, breach of this Agreement, neglect of duties, failure to act in the best
interests of SYNTEL, and violation of rules, regulations, and procedures established by SYNTEL. 
 13. Miscellaneous. This Agreement contains the
entire agreement of the parties and SYNTEL shall not be bound by any other different, additional, or further agreements or understandings except as consented to in writing by the Chief Administrative Officer or Director, Human Resources of SYNTEL.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. No amendment hereof shall be effective unless contained in a written instrument signed by the parties hereto. No delay
or omission by either party to exercise any right or power under this Agreement shall impair such right or power or be construed to be a waiver thereof. A waiver by either party of any of the covenants to be performed by the other party or of any
breach shall not be construed to be a waiver of any succeeding breach or of any other covenant. If any portion of any provision of the Agreement is declared invalid, the offending portion of such provision shall be deemed severable from such
provision and the remaining provisions of the Agreement, which shall remain in full force and effect. EMPLOYEE shall not assign or transfer this Agreement without the prior written consent of SYNTEL. EMPLOYEE’s employment with SYNTEL is at will
and may be terminated by SYNTEL at any time with or without cause, and with or without notice. All rights and remedies provided for in this Agreement shall be cumulative and in addition to and not in lieu of any other rights or remedies available to
either party at law, in equity, or otherwise. Paragraphs 2, 3, 6, 7, 8, 9, 10, 11, 12, and 13 of this Agreement shall survive termination of this Agreement and EMPLOYEE’s employment with SYNTEL. The parties submit to the jurisdiction and venue
of the circuit court for the County of Oakland, State of Michigan or, if original jurisdiction can be established, the United States District Court for the Eastern District of Michigan with respect to: a) disputes, controversies, or claims arising
out of EMPLOYEE’S failure to abide by Paragraphs 6, 7, and/or Exhibit A – “Confidential Information” of this Agreement, b) claims initiated by SYNTEL pursuant to Paragraph 10 of this Agreement, and c) the enforcement of any
awards or relief granted pursuant to the dispute resolution procedures set forth in Paragraph 11 of this Agreement. The parties stipulate that the venues referenced in this Agreement are convenient. This Agreement shall be construed under and in
accordance with the laws of the State of Michigan. 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
written above. 
  

							
	SYNTEL, INC.	 		 	
				
	BY:	 	/s/ Srikanth Karra	 	BY:	 	/s/ Narendar Reddy Gangidi
		 	Global Head – Human Resources	 		 	[Narendar Reddy Gangidi]
	July 26, 2007	 	Date:	 	8/6/07

 EXHIBIT A 

CONFIDENTIAL INFORMATION 
 In connection
with your providing certain products and/or services to Syntel, Inc. (“SYNTEL”) and/or on behalf of SYNTEL, you will have access to information concerning SYNTEL and SYNTEL’s clients. As a condition to your being given access to such
information, you agree to treat any information concerning SYNTEL and/or SYNTEL’s clients (whether prepared by SYNTEL, its advisors or otherwise) which is furnished to you by or on behalf of SYNTEL and/or SYNTEL’s clients (herein
collectively referred to as the “Confidential Information”) in accordance with the provisions of this letter and to take or abstain from taking certain other actions herein set forth. The term “Confidential Information” does not
include information which (i) is already in your possession, or (ii) becomes generally available to the public other than as a result of a disclosure by you or your directors, officers, employees, agents or advisors, or (iii) becomes
available to you on a non-confidential basis from a source other than SYNTEL and/or SYNTEL’s clients. 
 You hereby agree that the Confidential
Information will be used solely for the purpose of providing certain products and/or services to and/or on behalf of SYNTEL, and that such information will be kept confidential by you and your advisors; provided, however, that (i) any of such
information may be disclosed to your directors, officers and employees and representatives of your advisors who need to know such information for the purpose of providing such services to and/or on behalf of SYNTEL (it being understood that such
directors, officers, employees and representatives shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information confidentially), and (ii) any disclosure of such information may
be made to which SYNTEL consents in writing. 
 Notwithstanding the foregoing, if you or any of your representatives are required (by oral question or
request for information or documents in legal proceedings or similar process) to disclose any Confidential Information, you will promptly notify SYNTEL of such requirement so that SYNTEL may seek an appropriate protective order and/or waive your
compliance with the provisions of this Agreement. If, in the absence of a protective order or the receipt of a waiver hereunder, you or any of your representatives is nonetheless, in the reasonable written opinion of counsel, compelled to disclose
Confidential Information to any tribunal or else stand liable for contempt or suffer other censure or penalty, you or your representatives, after notice to SYNTEL, may disclose such Confidential Information to such tribunal. You or your
representatives shall not be liable for the disclosure of Confidential Information hereunder to such tribunal compelling such disclosure unless such disclosure to such tribunal was caused by or resulted from a previous disclosure by you or your
representatives not permitted by this Agreement. 
 You agree that the furnishing of Confidential Information neither grants nor implies any license under
any trademark, patent, copyright, methodology, intellectual property or process right, or any other property right nor does the furnishing of Confidential Information constitute an inducement of any kind, or any representation, warranty, assurance,
or guarantee with respect to the noninfringement of 

 
trademarks, patents, copyrights, methodologies, intellectual property rights or processes, or any other property rights of third persons or of SYNTEL. You agree to promptly redeliver to SYNTEL,
upon request, all Confidential Information on any tangible media and that you will not retain any copies, extracts or other reproductions in whole or in part of such material. You further agree that breach of this confidentiality letter agreement
could cause irreparable harm to SYNTEL and that SYNTEL shall be entitled to any and all injunctive relief, as well as monetary damages, including reasonable attorney fees, for such breach. 

You agree that this confidentiality letter agreement contains the entire agreement between you and SYNTEL regarding Confidential Information and SYNTEL shall
not be bound by any other different, additional, or further agreements or understandings except as consented to in writing by SYNTEL. This confidentiality letter agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns. No amendment hereof shall be effective unless contained in a written instrument signed by the parties hereto. No delay or omission by either party to exercise any right or power under this Agreement shall
impair such right or power or be construed to be a waiver thereof. A waiver by either party of any of the covenants to be performed by the other party or of any breach shall not be construed to be a waiver of any succeeding breach or of any other
covenant. If any provision of this confidentiality letter agreement is declared invalid, such provision shall be deemed severable from the remaining provisions of the confidentiality letter agreement, which shall remain in full force and effect. All
rights and remedies provided for in this confidentiality letter agreement shall be cumulative and in addition to and not in lieu of any other rights or remedies available to either party at law, in equity, or otherwise. This letter shall be governed
by, and construed in accordance with, the laws of the State of Michigan. 
  

							
	Very truly yours,	 		 	
		
	SYNTEL, INC.	 	Confirmed and Agreed to:
				
	By:	 	/s/ Srikanth Karra	 	BY:	 	/s/ Narendar Reddy Gangidi
		 	Global Head – Human Resources	 		 	[Narendar Reddy Gangidi]
	July 26, 2007	 	Date:	 	8/6/07EXHIBIT
10.1

 

SECOND
AMENDMENT TO FOURTH AMENDED AND RESTATED LOAN AND

SECURITY AGREEMENT

 

THIS
SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of
February 24, 2017, is entered into by and among PCM, INC., a Delaware corporation (“PCM”), PCM SALES, INC.,
a California corporation (“PCM Sales”), PCM LOGISTICS, LLC, a Delaware limited liability company (“PCM
Logistics”), PCMG, INC., a Delaware corporation (“PCMG”), M2 MARKETPLACE, INC., a Delaware corporation
(“M2”), ABREON, INC., a Delaware corporation (“Abreon”), MALL ACQUISITION SUB 5 INC., a
Delaware corporation (“Acquisition 5”), PCM BPO, LLC, a Delaware limited liability company (“PCM BPO”),
EN POINTE TECHNOLOGIES SALES, LLC, a Delaware limited liability company (“En Pointe”), and ONSALE HOLDINGS,
INC., an Illinois corporation (“Holdings”) (each a “U.S. Borrower” and collectively the
“U.S. Borrowers”), and PCM SALES CANADA, INC., a Quebec corporation (“PCM Sales Canada”),
and ACRODEX INC., an Alberta corporation (“Acrodex”) (each a “Canadian Borrower” and collectively
the “Canadian Borrowers”; and the Canadian Borrowers and the U.S. Borrowers are each hereinafter referred to
as a “Borrower”, and collectively, the “Borrowers”), WELLS FARGO CAPITAL FINANCE, LLC, a
Delaware limited liability company, as administrative and collateral agent for the Lenders (in such capacity, “Agent”),
Co-Lead Arranger and Co-Bookrunner, BANK OF AMERICA, N.A., as Co-Lead Arranger, Co-Bookrunner, and Syndication Agent, JPMORGAN
CHASE BANK, N.A. as Co-Lead Arranger and Co-Bookrunner, and the Lenders signatory hereto.

 

RECITALS

 

A.       Agent
and the several financial institutions from time to time party thereto as lenders (“Lenders”) and Borrowers
have previously entered into that certain Fourth Amended and Restated Loan and Security Agreement dated as of January 19, 2016
(as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), pursuant
to which Agent and Lenders have made certain loans and financial accommodations available to Borrowers. Terms used herein without
definition shall have the meanings ascribed to them in the Loan Agreement.

 

B.       Borrowers
have requested that Agent and the Lenders increase the Maximum Credit by an amount equal to $55,000,000 and make other amendments
to the Loan Agreement, which Agent and the Lenders are willing to do pursuant to the terms and conditions set forth herein.

 

C.       Borrowers
are entering into this Amendment with the understanding and agreement that, except as specifically provided herein, none of Agent’s
or any Lender’s rights or remedies as set forth in the Loan Agreement are being waived or modified by the terms of this
Amendment.

 

    	 	 	 

    	 

    

 

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
to Loan Agreement. 

 

(a)       The
definition of “Adjacent Real Estate” in Section 1.2 of the Loan Agreement is hereby amended and restated to read in
its entirety as follows: 

 

“1.2
[Reserved].”

 

(b)       The
definition of “Canadian Revolving Loan Commitment” in Section 1.41 of the Loan Agreement is hereby amended and restated
to read in its entirety as follows:

 

“1.41
‘Canadian Revolving Loan Commitment’ shall mean, at any time, as to each Canadian Lender, the principal amount
set forth beside such Canadian Lender’s name under the applicable heading on Schedule C-1 to this Agreement or on
Schedule 1 to the Assignment and Acceptance pursuant to which such Canadian Lender became a Canadian Lender hereunder in
accordance with the provisions of Section 13.5 hereof, as the same may be adjusted from time to time in accordance with the
terms hereof; sometimes being collectively referred to herein as ‘Canadian Revolving Loan
Commitments’.”

 

(c)       In
clause (b) of the definition of “Eligible Accounts” in Section 1.68 of the Loan Agreement, the text “$10,000,000”
is hereby deleted and replaced with the text “$25,000,000”.

 

(d)       The
definition of “Eligible Adjacent Real Estate” in Section 1.69 of the Loan Agreement is hereby amended and restated
to read in its entirety as follows: 

 

“1.69
[Reserved].”

 

(e)       The
definition of “Eligible Adjacent Real Estate Sublimit” in Section 1.70 of the Loan Agreement is hereby amended and
restated to read in its entirety as follows:

 

“1.70[Reserved].”

 

(f)       The
following definition is hereby added to the Loan Agreement as Section 1.70(A):

 

“1.70(A)
‘Eligible Illinois Real Estate’ shall mean the Illinois Real Estate, so long as it is acceptable to Agent in
its Permitted Discretion based on the criteria set forth below. In general, the Illinois Real Estate shall not be Eligible Illinois
Real Estate unless: (a) it is owned by a U.S. Borrower; (b) Agent has received an appraisal report in form, scope and substance
satisfactory to Agent and by an appraiser acceptable to Agent; (c) Agent is satisfied that all actions necessary or desirable
in order to create a perfected first priority lien on such real property have been taken, including, the filing and recording
of a deed of trust in form and substance satisfactory to Agent; (d) Agent shall have received an environmental assessment report,
in form and substance satisfactory to Agent, with respect to such real property, the results of which are satisfactory to Agent;
(e) such real property is adequately protected by fully-paid valid title insurance with endorsements and in amounts acceptable
to Agent, insuring that Agent, for the benefit of the Lenders, shall have a perfected first priority lien on such real property,
evidence of which shall have been provided in form and substance satisfactory to Agent; (f) Agent shall have received a letter
of opinion with respect to the enforceability and perfection of the deed of trust and any related fixture filings with respect
to such real property, in form and substance satisfactory to Agent; and (g) each Lender shall have confirmed that flood insurance
due diligence and flood insurance compliance has been completed with respect to the Illinois Real Estate.”

 

    	 	2	 

    	 

    

 

(g)       The
following definition is hereby added to the Loan Agreement as Section 1.70(B):

 

“1.70(B)“Eligible
Illinois Real Estate Sublimit” means $2,205,000; provided, however, that beginning on March 1, 2017, and on the first
day of each calendar month thereafter, the Eligible Illinois Real Estate Sublimit shall be reduced by $26,250.00.”

 

(h)       The
definition of “Eligible Real Estate” in Section 1.72 of the Loan Agreement is hereby amended and restated to read
in its entirety as follows: 

 

“1.72
[Reserved].”

 

(i)       The
definition of “Eligible Real Estate Sublimit” in Section 1.73 of the Loan Agreement is hereby amended and restated
to read in its entirety as follows:

 

“1.73[Reserved].”

 

(j)       The
following definition is hereby added to the Loan Agreement as Section 1.73(A):

 

“1.73(A)
’Eligible Santa Monica Real Estate’ shall mean the Santa Monica Real Estate, so long as it is acceptable to
Agent in its Permitted Discretion based on the criteria set forth below. In general, the Santa Monica Real Estate shall not be
Eligible Santa Monica Real Estate unless: (a) it is owned by a U.S. Borrower; (b) Agent has received an appraisal report in form,
scope and substance satisfactory to Agent and by an appraiser acceptable to Agent; (c) Agent is satisfied that all actions necessary
or desirable in order to create a perfected first priority lien on such real property have been taken, including, the filing and
recording of a deed of trust in form and substance satisfactory to Agent; (d) Agent shall have received an environmental assessment
report, in form and substance satisfactory to Agent, with respect to such real property, the results of which are satisfactory
to Agent; (e) such real property is adequately protected by fully-paid valid title insurance with endorsements and in amounts
acceptable to Agent, insuring that Agent, for the benefit of the Lenders, shall have a perfected first priority lien on such real
property, evidence of which shall have been provided in form and substance satisfactory to Agent; and (f) Agent shall have received
a letter of opinion with respect to the enforceability and perfection of the deed of trust and any related fixture filings with
respect to such real property, in form and substance satisfactory to Agent.”

 

    	 	3	 

    	 

    

 

(k)       The
following definition is hereby added to the Loan Agreement as Section 1.73(B):

 

“1.73(B)
“Eligible Santa Monica Real Estate Sublimit” means $12,523,000; provided, however, that beginning
on March 1, 2017, and on the first day of each calendar month thereafter, the Eligible Real Estate Sublimit shall be reduced by
$149,083.33.”

 

(l)       The
proviso at the end of the definition of “Excess Availability” in Section 1.82 of the Loan Agreement is hereby amended
and restated to read in its entirety as follows:

 

“provided,
however, that: solely for the purposes of determining (1) the Applicable Margin, to the extent the amount set forth in
clause (a)(i) above exceeds the amount set forth in clause (a)(ii) above at any time, the Excess Availability as of such time
shall be increased by up to Ten Million Dollars ($10,000,000) of the difference between those two (2) amounts; and (2) whether
a FCCR Triggering Event has occurred (other than under clause (c) of the definition thereof), to the extent the amount set forth
in clause (a)(i) above exceeds the amount set forth in clause (a)(ii) above at any time, the Excess Availability as of such time
shall be increased by up to Ten Million Dollars ($10,000,000) of the difference between those two (2) amounts.”

 

(m)       The
definition of “Fee Letter” in Section 1.90 of the Loan Agreement is hereby amended and restated to read in its entirety
as follows:

 

“1.90
‘Fee Letter’ shall mean that certain amended and restated fee letter, dated as of the Second Amendment Effective
Date, among U.S. Borrowers and Agent, in form and substance satisfactory to Agent.”

 

(n)       The
definition of “Final Maturity Date” in Section 1.91 of the Loan Agreement is hereby amended and restated to read in
its entirety as follows:

 

“1.91
‘Final Maturity Date’ shall mean March 19, 2021.

 

(o)       The
definition of “Fixed Charge Coverage Ratio” in Section 1.94 of the Loan Agreement is hereby amended and restated to
read in its entirety as follows:

 

“1.94
‘Fixed Charge Coverage Ratio’ means, with respect to any fiscal period and with respect to Borrowers and their
subsidiaries determined on a consolidated basis in accordance with GAAP, the ratio of (i) EBITDA for such period minus
Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period minus
dividends paid during such period, to (ii) Fixed Charges for such period.”

 

    	 	4	 

    	 

    

 

(p)       The
following definition is hereby added to the Loan Agreement as Section 1.101(A):

 

“1.101(A)
‘Illinois Real Estate’ means the real estate commonly known as 7155 Janes Avenue, Woodbridge, IL 60517.”

 

(q)       The
definition of “Maximum Credit” in Section 1.113 of the Loan Agreement is hereby amended and restated to read in its
entirety as follows:

 

“1.113
‘'Maximum Credit’ shall mean, with reference to the Loans and the Letter of Credit Accommodations, the amount of
Three Hundred Forty-Five Million Dollars ($345,000,000).”

 

(r)       The
following definition is hereby added to the Loan Agreement as Section 1.121(A):

 

“1.121(A)
‘Payment Conditions’ means, with respect to any proposed designated action on any date, conditions that are
satisfied if (a) both immediately before and immediately after giving effect to the proposed designated action on such date, no
Event of Default shall have occurred and be continuing; (b) after giving pro forma effect to such proposed designated action as
if it occurred on the first day of the applicable period, either (i) each of (A) Excess Availability shall be greater than the
lesser of $25,000,000 or 10% of the Borrowing Base at all times during the consecutive 15-day period ending on and including the
date of the taking of such designated action, (B) the Average 30 Day Excess Availability shall be greater than the lesser of $25,000,000
or 10% of the Borrowing Base as of the date of the taking of such designated action, and (C) the Fixed Charge Coverage Ratio,
computed for the period of four consecutive fiscal quarters ending on the last day of the most recent fiscal quarter for which
financial statements have been delivered pursuant to Section 9.6(a)(i), shall be greater than 1.0 to 1.0, or (ii) both of (A)
Excess Availability shall be greater than the lesser of $32,500,000 or 12.5% of the Borrowing Base at all times during the consecutive
15-day period ending on and including the date of the taking of such designated action, and (B) the Average 30 Day Excess Availability
shall be greater than the lesser of $32,500,000 or 12.5% of the Borrowing Base as of the date of the taking of such designated
action; and (c) concurrently with the taking of such designated action, Borrowers have delivered an officer’s certificate
to Agent certifying as to the satisfaction of the conditions set forth in clauses (a) and (b) above.”

 

(s)       The
definition of “Real Estate” in Section 1.131 of the Loan Agreement is hereby amended and restated to read in its entirety
as follows: 

 

“1.131
[Reserved].”

 

    	 	5	 

    	 

    

 

(t)       The
following definition is hereby added to the Loan Agreement as Section 1.141(A):

 

“1.141(A)
‘Santa Monica Real Estate’ means each of, and collectively, the real estate owned by M2 and commonly known
as 1501 Wilshire Boulevard, Santa Monica, California 90403, and the real estate commonly known as 1511 Wilshire Blvd., Santa Monica,
CA 90403.”

 

(u)       The
following definition is hereby added to the Loan Agreement as Section 1.141(B):

 

“1.141(B)
‘Second Amendment Effective Date’ means February 24, 2017.”

 

(v)       The
definition of “U.S. Inventory Sublimit” in Section 1.157 of the Loan Agreement is hereby amended and restated to read
in its entirety as follows:

 

“1.157
‘U.S. Inventory Sublimit’ shall mean an amount equal to Eighty-Five Million Dollars ($85,000,000).”

 

(w)       The
definition of “U.S. Revolving Loan Commitment” in Section 1.163 of the Loan Agreement is hereby amended and restated
to read in its entirety as follows:

 

“1.163
‘U.S. Revolving Loan Commitment’ shall mean, at any time, as to each U.S. Lender, the principal amount set forth beside
such U.S. Lender’s name under the applicable heading on Schedule C-1 to this Agreement or on Schedule 1 to the Assignment
and Acceptance pursuant to which such U.S. Lender became a U.S. Lender hereunder in accordance with the provisions of Section
13.5 hereof, as the same may be adjusted from time to time in accordance with the terms hereof; sometimes being collectively referred
to herein as ‘U.S. Revolving Loan Commitments’.”

 

(x)       The
final two provisos at the end of Section 2.1(a)(i) of the Loan Agreement are hereby deleted and replaced with the following:

 

“provided
further, that the total sum available under this Section 2.1(a)(i) based upon Credit Card/Check Processing Receivables shall
not exceed Twenty Million Dollars ($20,000,000) at any time; plus”

 

(y)       In
Section 2.1(a)(ii)(A) of the Loan Agreement, (i) the text “Two Million Five Hundred Thousand Dollars ($2,500,000) or forty
percent (40%)” is hereby deleted and replaced with the text “Five Million Dollars ($5,000,000) or sixty percent (60%)”,
and (ii) the text “Fifteen Million Dollars ($15,000,000)” is hereby deleted and replaced with the text “Seventeen
Million Five Hundred Thousand Dollars ($17,500,000)”.

 

(z)       Sections
2.1(a)(iii) and (iv) of the Loan Agreement are hereby deleted and replaced with the following:

 

“(iii)the
lesser of:

 

    	 	6	 

    	 

    

 

(A)       an
amount equal to seventy percent (70%) of the “Fair Market Value” of the Eligible Santa Monica Real Estate as set forth
in any appraisal of the Santa Monica Real Estate received by Agent; or

 

(B)       the
Eligible Santa Monica Real Estate Sublimit; plus

 

 (iv) the lesser of:

 

(A)       an
amount equal to seventy percent (70%) of the “Fair Market Value” of the Eligible Illinois Real Estate as set forth
in any appraisal of the Illinois Real Estate received by Agent; or

 

(B)       the
Eligible Illinois Real Estate Sublimit; minus”

 

(aa)In
Section 2.1(c)(ii) of the Loan Agreement, the text “Eligible Real Estate, Eligible Adjacent Real Estate” is hereby
deleted and replaced with the text “Eligible Santa Monica Real Estate, Eligible Illinois Real Estate”.

 

(bb)In
Section 2.2(e) of the Loan Agreement, the text “Fifty Million Dollars ($50,000,000)” is hereby deleted and replaced
with the text “Sixty Million Dollars ($60,000,000)”.

 

(cc)In
Section 2.3(e) of the Loan Agreement, the text “Five Million Canadian Dollars (C$5,000,000)” is hereby deleted and
replaced with the text “Six Million Canadian Dollars (C$6,000,000)”.

 

(dd)Section
2.4 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“2.4Commitments.
The aggregate amount of each U.S. Lender’s Pro Rata Share of the U.S. Revolving Loans and U.S. Letter of Credit Accommodations
shall not exceed the amount of such Lender’s U.S. Revolving Loan Commitment, as the same may from time to time be amended
with the written acknowledgment of Agent and such U.S. Lender. The aggregate amount of each Canadian Lender’s Pro Rata Share
of the Canadian Revolving Loans and Canadian Letter of Credit Accommodations shall not exceed the amount of such Lender’s
Canadian Revolving Loan Commitment, as the same may from time to time be amended with the written acknowledgment of Agent and
such Canadian Lender. The Dollar Equivalent of the aggregate amount of all U.S. Revolving Loans, U.S. Letter of Credit Accommodations,
Canadian Revolving Loans and Canadian Letter of Credit Accommodations made or issued by or on behalf of a Lender, together with
its Affiliate Canadian Lender, if applicable, shall not exceed such Lender’s U.S. Commitment.”

 

(ee)Section
2.6 of the Loan Agreement is hereby amended and restated to read in its entirety as follows: 

 

    	 	7	 

    	 

    

 

“2.6Santa
Monica Real Estate and Illinois Real Estate.

 

(a)       Notwithstanding
anything to the contrary contained herein, the Santa Monica Real Estate may be sold or refinanced and Agent shall release its
liens against the Santa Monica Real Estate in connection with the sale or refinance thereof, provided, that, (i)
no Default or Event of Default has occurred and is continuing at the time of such sale or refinance, or would result therefrom
and (ii) the proceeds of such sale or refinance are no less than the Eligible Santa Monica Real Estate Sublimit and the proceeds
of such sale or refinance in an amount no less than the Eligible Santa Monica Real Estate Sublimit are remitted to Agent for application
to the Obligations in accordance with Section 6.4. Upon any refinance of the Santa Monica Real Estate in accordance with
the foregoing, any indebtedness secured solely by the Santa Monica Real Estate and any lien against the Santa Monica Real Estate
securing such indebtedness will be permitted for the purposes of Sections 9.8 and 9.9 hereof.

 

(b)       Notwithstanding
anything to the contrary contained herein, the Illinois Real Estate may be sold or refinanced and Agent shall release its liens
against the Illinois Real Estate in connection with the sale or refinance thereof, provided, that, (i) no Default
or Event of Default has occurred and is continuing at the time of such sale or refinance, or would result therefrom and (ii) the
proceeds of such sale or refinance are no less than the Eligible Illinois Real Estate Sublimit and the proceeds of such sale or
refinance in an amount no less than the Eligible Illinois Real Estate Sublimit are remitted to Agent for application to the Obligations
in accordance with Section 6.4. Upon any refinance of the Illinois Real Estate in accordance with the foregoing, any indebtedness
secured solely by the Illinois Real Estate and any lien against the Illinois Real Estate securing such indebtedness will be permitted
for the purposes of Sections 9.8 and 9.9 hereof.”

 

(ff)In
Section 3.1(b)(ii)(C) of the Loan Agreement, the text “increments of C$500,000” is hereby deleted and replaced with
the text “increments of C$100,000”.

 

(gg)The
following sentence is hereby added to the end of Section 3.4 of the Loan Agreement:

 

“Such
fees shall be calculated on the basis of a three hundred sixty (360) day year for the actual number of days elapsed in the period
during which such fees accrue.”

 

(hh)Section
5.7 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“5.7the
Santa Monica Real Estate and the Illinois Real Estate; and”

 

(ii)       Section
7.8 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

    	 	8	 

    	 

    

 

“7.8Real
Estate Covenant. With respect to the Santa Monica Real Estate, upon Agent’s request, Borrowers shall, at their expense,
no more than one (1) time in any twelve (12) month period, but at any time or times as Agent may request upon the occurrence and
during the continuation of an Event of Default, deliver or cause to be delivered to Agent an appraisal as to the Santa Monica
Real Estate in form, scope and methodology reasonably acceptable to Agent and by an appraiser acceptable to Agent. With respect
to the Illinois Real Estate, upon Agent’s request, Borrowers shall, at their expense, no more than one (1) time in any twelve
(12) month period, but at any time or times as Agent may request upon the occurrence and during the continuation of an Event of
Default, deliver or cause to be delivered to Agent an appraisal as to the Illinois Real Estate in form, scope and methodology
reasonably acceptable to Agent and by an appraiser acceptable to Agent.”

 

(jj)Section
9.3(e) of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“To
the extent any of the provisions of this Section 9.3 as they pertain to the Santa Monica Real Estate or the Illinois Real Estate
are inconsistent with the provisions of the applicable deed of trust in favor of Agent and Lenders on the Santa Monica Real Estate
or the Illinois Real Estate, as applicable, the provisions of such deed of trust shall govern.”

 

(kk)The
second to last sentence of Section 9.5 of the Loan Agreement is hereby deleted and replaced with the following:

 

“Subject
to the provisions of the deeds of trust executed in favor of Agent in connection herewith, at its option, Agent may apply any
insurance proceeds received by Agent at any time to the cost of repairs or replacement of Collateral and/or to payment of the
Obligations (or, with respect to Collateral of the Canadian Borrowers, to payment of the Canadian Obligations), whether or not
then due, in any order and in such manner as Agent may determine or hold such proceeds as cash collateral for the Obligations
(or Canadian Obligations, as applicable).”

 

(ll)Sections
9.7(b)(iii) and (iv) of the Loan Agreement are hereby deleted and replaced with the following:

 

“(iii)
a sale of the Santa Monica Real Estate to the extent permitted under Section 2.6(a), (iv) a sale of the Illinois Real Estate
to the extent permitted under Section 2.6(b)”

 

(mm)Section
9.10(d)(ii) of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“(ii)       The
aggregate sum of (A) the purchase price for the subject Target and any related Targets plus any other consideration payable in
connection with the sale of the Target and any related Targets, excluding any earn-outs and similar contingent payments, excluding
any obligations or indebtedness of the Target that are assumed (as permitted by Section 9.9 hereof) and excluding any capital
stock of PCM (the “Total Consideration”) or the amount of the subject Subsidiary Investments (as applicable),
plus (B) the aggregate sum of the Total Consideration for all other Targets acquired by Borrowers after the Second Amendment Effective
Date shall not exceed Seventy Million Dollars ($70,000,000) during the term of this Agreement after the Second Amendment Effective
Date and Thirty Million Dollars ($30,000,000) during any fiscal year; provided, however, if the Payment Conditions
are satisfied with respect to any such acquisition or investment, the Total Consideration for such acquisition or investment shall
not count against the limitations set forth in this Section 9.10(d)(ii).”

 

    	 	9	 

    	 

    

 

(nn)Section
9.11 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“9.11       Dividends
and Redemptions. Borrowers shall not, directly or indirectly, declare or pay any dividends on account of any shares of any
class of capital stock of Borrowers now or hereafter outstanding (except, directly or indirectly, to PCM), or set aside or otherwise
deposit or invest any sums for such purpose, or redeem, retire, defease, purchase, repurchase, recapitalize or otherwise acquire
(except, directly or indirectly, from PCM) any shares of any class of capital stock (or set aside or otherwise deposit or invest
any sums for such purpose) for any consideration other than common stock or apply or set apart any sum, or make any other distribution
(by reduction of capital or otherwise) in respect of any such shares (except, directly or indirectly, to PCM) or agree to do any
of the foregoing; provided, that, PCM may, so long as no Event of Default has occurred and is continuing or would
result from any such repurchase or payment, (a) repurchase a portion of its capital stock and pay dividends on account of its
capital stock in an aggregate amount not to exceed Fifteen Million Dollars ($15,000,000) from and after the date hereof so long
as the Average 30 Day Excess Availability after giving effect to any such repurchase or payment is not less than the Excess Availability
Threshold then in effect on the date of such repurchase or payment, and (b) repurchase a portion of its capital stock and pay
dividends on account of its capital stock so long as the Payment Conditions are satisfied with respect to such repurchase or dividend.”

 

(oo)       The
following is hereby added to the end of Section 9.17 of the Loan Agreement:

 

“Notwithstanding
anything to the contrary herein, no real estate may be added as collateral hereunder unless Agent or Borrowers have given at least
45 days prior written notice to the Lenders of the intent to add such real estate as collateral, and the Agent has confirmed that
flood insurance due diligence and compliance has been completed in a manner reasonably satisfactory to all Lenders.”

 

(pp)In
Section 11.3(b)(v) of the Loan Agreement, the text “Eligible Adjacent Real Estate, Eligible Real Estate” is hereby
deleted and replaced with the text “Eligible Santa Monica Real Estate, Eligible Illinois Real Estate”.

 

    	 	10	 

    	 

    

 

(qq)The
proviso at the end of Section 11.3(c)(ii) of the Loan Agreement is hereby deleted in its entirety.

 

(rr)The
following is hereby added to the Loan Agreement as a new Section 11.3(e) thereof:

 

“(e)       The
Borrowers must maintain flood insurance on all real estate mortgaged in connection herewith that is in a Special Flood Hazard
Zone, from such providers, on such terms and in such amounts as required by the Flood Disaster Protection Act as amended from
time to time or as otherwise required by the Lenders. The parties hereto agree that any increase, extension or renewal of the
credit facility evidenced hereby shall be subject to flood insurance due diligence and flood insurance compliance reasonably satisfactory
to all Lenders.”

 

(ss)In
the parenthetical in clause (y) of Section 12.11(a) of the Loan Agreement, the text “(a)” is hereby deleted and replaced
with the text “(b)”.

 

(tt)Section
13.5(h) of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

 

“(h)       Notwithstanding
anything contained herein to the contrary, no assignment of any U.S. Commitments or Canadian Commitments may be made if it results
in any Lender, together with its Affiliate Canadian Lender, if applicable, maintaining a Canadian Commitment but no U.S. Commitment.”

 

(uu)Schedule
C-1 attached hereto is hereby added to the Loan Agreement as Schedule C-1 thereto.

 

2.       Increase
in Maximum Credit. Effective on the date hereof, the Maximum Credit shall be increased from $290,000,000 to $345,000,000 in
accordance with terms hereof. The effective date for such increase shall be the date hereof. Effective on the date hereof, each
party hereto acknowledges and agrees that the amount of each Lender’s U.S. Revolving Loan Commitment and Canadian Revolving
Loan Commitment, in each case, as reflected below such Lender’s signature on the signature pages to that certain First Amendment
to Fourth Amended and Restated Loan and Security Agreement, dated as of July 7, 2016, by and among the parties hereto, shall be
deemed amended and replaced with the amounts set forth on Schedule C-1 attached hereto. 

 

3.       Conditions
Precedent to Effectiveness of this Amendment. This Amendment shall not become effective until all of the following conditions
precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

 

(a)       Agent
shall have received this Amendment fully executed in a sufficient number of counterparts for distribution to all parties;

 

    	 	11	 

    	 

    

 

(b)       Agent
shall have received a certificate of a duly authorized officer of each Borrower in form and substance satisfactory to Agent, certifying
(i) that attached (or previously provided) copies of such Borrower’s organizational and governing documents are true and
complete, and in full force and effect, without amendment except as shown; (ii) that an attached copy of resolutions authorizing
execution and delivery of the Financing Agreements is true and complete, and that such resolutions are in full force and effect,
were duly adopted, have not been amended, modified or revoked, and constitute all resolutions adopted with respect to this Amendment;
and (iii) to the title, name and signature of each Person authorized to sign the Financing Agreements; 

 

(c)       U.S.
Borrowers shall pay to Agent, for the benefit of each U.S. Lender party hereto, (i) an amendment fee in an amount equal to 0.10%
of each such U.S. Lender’s aggregate U.S. Revolving Loan Commitment immediately prior to the effectiveness of this Amendment,
and (ii) an increase fee in an amount equal to 0.20% of the increase (if any) to each such U.S. Lender’s aggregate U.S.
Revolving Loan Commitment as a result of this Amendment, in each case, which fees shall be fully earned as of and payable on the
date hereof;

 

(d)       Agent
shall have received a copy of that certain amended and restated fee letter dated as of the date hereof, by and among Borrowers
and Agent, and Borrowers shall have paid all fees required to be paid thereunder; and

 

(e)       Agent
shall have received all other documents and legal matters in connection with the transactions contemplated by this Amendment and
such documents shall have been delivered or executed or recorded and shall be in form and substance satisfactory to Agent. 

 

4.       Joining
Lender. By its execution of this Amendment, Woodforest National Bank hereby confirms and agrees that, with effect on and after
the date hereof, it shall be a party to the Loan Agreement and succeed to all of the rights and be obligated to perform all of
the obligations of a Lender under the Loan Agreement, including the requirements concerning confidentiality and the payment of
indemnification, with a U.S. Revolving Loan Commitment in an amount equal to $20,000,000. Woodforest National Bank (i)(a) acknowledges
that it has received a copy of the Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent
financial statements of Borrowers, and such other documents and information as it has deemed appropriate to make its own credit
and legal analysis and decision to enter into this Amendment, and (b) agrees that it will, independently and without reliance
upon Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit and legal decisions in taking or not taking action under the Loan Agreement; (ii) hereby appoints and authorizes
Wells Fargo Capital Finance, LLC in its capacity as Agent to take such action as agent on its behalf to exercise such powers under
the Loan Agreement as are delegated to Agent; and (iii) agrees that it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Agreement are required to be performed by it as a Lender. For the avoidance of doubt,
Borrowers hereby consent to Woodforest National Bank becoming a Lender under the Credit Agreement.

 

5.       Representations
and Warranties. Each Borrower represents and warrants as follows:

 

    	 	12	 

    	 

    

 

(a)       Authority.
Each Borrower has the requisite corporate 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. The execution, delivery and
performance by each Borrower of this Amendment have been duly approved by all necessary corporate action, have received all necessary
governmental approval, if any, and do not contravene any law or any contractual restriction binding on any Borrower. No other
corporate proceedings are necessary to consummate such transactions.

 

(b)       Enforceability.
This Amendment has been duly executed and delivered by each Borrower. This Amendment and each Financing Agreement (as amended
or modified hereby) is the legal, valid and binding obligation of each Borrower, enforceable against each 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 true and 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 each 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 a Default or Event of Default.

 

6.       Choice
of Law. The validity of this Amendment, the construction, interpretation, and enforcement hereof, and the rights of the parties
hereto with respect to all matters arising hereunder or related hereto shall be determined under, governed by, and construed in
accordance with the laws of the State of California.

 

7.       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 or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Amendment.

 

8.       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 set forth in this Amendment, 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 without defense, offset, claim or contribution.

 

    	 	13	 

    	 

    

 

(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.

 

9.       Ratification.
Each Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in the Loan Agreement, as amended
hereby, and the other Financing Agreements effective as of the date hereof.

 

10.       Estoppel.
To induce Agent and Lenders to enter into this Amendment and to induce Agent and Lenders to continue to make advances to Borrowers
under the Loan Agreement, each Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the
date hereof, there exists no Default or Event of Default.

 

11.       Integration.
This Amendment is a Financing Agreement. This Amendment, together with the other Financing Agreements, incorporates all negotiations
of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto
with respect to the subject matter hereof.

 

12.       Severability.
In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the
remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

 

13.       Submission
of Amendment. The submission of this Amendment to the parties or their agents or attorneys for review or signature does not
constitute a commitment by Agent or any Lender to waive any of their respective rights and remedies under the Financing Agreements,
and this Amendment shall have no binding force or effect until all of the conditions to the effectiveness of this Amendment have
been satisfied as set forth herein.

 

[Remainder
of Page Left Intentionally Blank]

 

    	 	14	 

    	 

    

 

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

 

	 	U.S.
    BORROWERS:
	 	 	 
	 	PCM, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Brandon LaVerne
	 	Name:	Brandon
    LaVerne
	 	Title:	CFO
	 	 	 
	 	PCM SALES, INC.,
	 	a California corporation
	 	 	 
	 	By:	/s/
    Stephen Moss
	 	Name:	Stephen
    Moss
	 	Title:	President
	 	 	 
	 	PCM LOGISTICS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    Sean Mollet
	 	Name:	Sean
    Mollet
	 	Title:	President
	 	 	 
	 	PCMG, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:
    	/s/
    Alan Lawrence
	 	Name:	Alan
    Lawrence
	 	Title:	President

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	 	U.S.
    BORROWERS:
	 	 	 
	 	M2 MARKETPLACE, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Sam Khulusi
	 	Name:	Sam
    Khulusi
	 	Title:	President
	 	 	 
	 	ABREON, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Howard Schapiro
	 	Name:	Howard
    Schapiro
	 	Title:	President
	 	 	 
	 	MALL ACQUISITION SUB 5 INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Brandon LaVerne
	 	Name:	Brandon
    LaVerne
	 	Title:	President

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	 	U.S.
    BORROWERS:
	 	 	 
	 	PCM BPO, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    Simon Abuyounes
	 	Name:	Simon
    Abuyounes
	 	Title:	President
	 	 	 
	 	ONSALE HOLDINGS, INC.,
	 	an Illinois corporation
	 	 	 
	 	By:	/s/
    Sam Khulusi
	 	Name:	Sam
    Khulusi
	 	Title:	President
	 	 	 
	 	EN POINTE TECHNOLOGIES SALES, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    Shahzad     Munawwar
	 	Name:	Shahzad
    Munawwar
	 	Title:	Treasurer

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	 	CANADIAN BORROWERS:
	 	 	 
	 	PCM SALES CANADA, INC.,
	 	a Quebec corporation
	 	 	 
	 	By:
    	/s/
    Simon Abuyounes
	 	Name:	Simon
    Abuyounes
	 	Title:	President
	 	 	 
	 	ACRODEX INC.,
	 	an Alberta corporation
	 	 	 
	 	By:	/s/
    Phil Soper
	 	Name:	Phil
    Soper
	 	Title:	President

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	AGENT:
	 	 	 
	WELLS FARGO CAPITAL FINANCE, LLC
	 	 	 
	By:
    	/s/
    Dennis King	 
	Name:	Dennis
    King	 
	Title:	Vice
    President	 
	 	 	 
	LENDER:
	 	 	 
	WELLS FARGO CAPITAL FINANCE, LLC
	 	 	 
	By:	/s/
    Dennis King	 
	Name:	Dennis
    King	 
	Title:	Vice
    President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDER:
	 	 	 
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA
	 	 	 
	By:
    	/s/
    David Boutin	 
	Name:	David
    Boutin	 
	Title:	Vice
    President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDERS:
	 	 	 
	BANK OF AMERICA, N.A.
	 	 	 
	By:
    	/s/
    Robert Bleichner	 
	Name:	Robert
    Bleichner	 
	Title:	Vice
    President	 
	 	 	 
	BANK OF AMERICA, N.A. (acting through its Canada branch)
	 	 	 
	By:	/s/
    Sylwia Durkiewicz	 
	Name:	Sylwia
    Durkiewicz	 
	Title:	Vice
    President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDERS:
	 	 	 
	PNC BANK, N.A.
	 	 	 
	By:	/s/
    Jeanette Vandenbergh	 
	Name:	Jeanette
    Vandenbergh	 
	Title:	Senior
    Vice President	 
	 	 	 
	PNC BANK CANADA BRANCH
	 	 	 
	By:
    	/s/
    Robert Fasken	 
	Name:	Robert
    Fasken	 
	Title:	Vice
    President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDERS:
	 	 	 
	JPMORGAN CHASE BANK, N.A.
	 	 	 
	By:
    	/s/
    Jordan Azar	 
	Name:	Jordan
    Azar	 
	Title:	Vice
    President	 
	 	 	 
	JPMORGAN CHASE BANK, N.A., TORONTO BRANCH
	 	 	 
	By:	/s/
    Michael Tam	 
	Name:	Michael
    Tam	 
	Title:	Senior
    Vice President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDER:
	 	 	 
	WOODFOREST NATIONAL BANK
	 	 	 
	By:	/s/
    Charles D. Stephenson	 
	Name:	Charles
    D. Stephenson	 
	Title:	Senior
    Vice President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

	LENDER:
	 	 	 
	CITY NATIONAL BANK
	 	 	 
	By:	/s/
    Brent Philips	 
	Name:	Brent
    Philips	 
	Title:	Senior
    Vice President	 

 

[Signature
page to Second Amendment to Fourth Amended and Restated Loan and Security Agreement]

 

    	 	 	 

    	 

    

 

Schedule
C-1

 

Commitments

 

	Lender	 	U.S.
    Revolving Loan

    Commitment	 	 	Canadian
    Revolving

    Loan Commitment	 
	Wells Fargo
    Capital Finance, LLC	 	$	110,000,000	 	 	C$	0	 
	Wells Fargo Capital
    Finance Corporation Canada	 	$	0	 	 	C$	15,072,463.77	 
	Bank of America, N.A.	 	$	65,000,000	 	 	C$	0	 
	Bank of America, N.A.
    (acting through its Canada branch)	 	$	0	 	 	C$	7,536,231.88	 
	JPMorgan Chase Bank,
    N.A.	 	$	60,000,000	 	 	C$	0	 
	JPMorgan Chase Bank,
    N.A., Toronto Branch	 	$	0	 	 	C$	6,956,521.74	 
	PNC Bank, N.A.	 	$	55,000,000	 	 	C$	0	 
	PNC Bank Canada Branch	 	$	0	 	 	C$	6,376,811.59	 
	City National Bank	 	$	35,000,000	 	 	C$	4,057,971.02	 
	Woodforest
    National Bank	 	$	20,000,000	 	 	C$	0	 
	All
    Lenders	 	$	345,000,000	 	 	$	40,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]