Document:

Sixth Amendment to Lease Agreement

 Exhibit 10.43 

AMENDMENT NO. 6 TO LEASE 
 THIS AGREEMENT made this 20th day of May, 2010, by and between EWE WAREHOUSE INVESTMENTS V, LTD., as Lessor and MERRIMACK SERVICES CORPORATION dba PC CONNECTON SERVICES, as Lessee
located at 2841-2931 Old State Route 73, Wilmington, Ohio 45177. 
 WITNESSETH: 

WHEREAS, Lessor and Lessee entered into a Lease dated May 13, 1993, as amended June 19, 2001, April 24,
2003, November 11, 2006, October 13, 2009 and February 5, 2010, and 
 WHEREAS, the Lessor and Lessee
desire to amend the Lease of approximately 102,400 square feet to extend the term and revise rent. 
 NOW THEREFORE, the Lease
is amended as follows. 
 1. Article 1. TERM. shall be revised as follows. 

Effective December 1, 2010, the term of this Lease shall be extended for an additional one (1) year, for a total term of
eighteen (18) years, two (2) months, commencing October 1, 1993 and ending November 30, 2011, both dates inclusive. 
 2. Lessee warrants that Lessee has accepted and is now in possession of the Leased Premises and that the Lease is valid and presently in full force and effect. Lessee accepts the Premises in its present
“as is” condition. 
 3. Article 3. RENT. shall be revised as follows. 

For the period commencing December 1, 2010 and ending November 30, 2011, the Lessee shall pay to the Lessor as Annual Rent for
the Leased Premises the sum of FOUR HUNDRED FORTY-EIGHT THOUSAND FIVE HUNDRED TWELVE AND 00/100 DOLLARS ($448,512.00) which shall be paid in equal monthly installments of THIRTY-SEVEN THOUSAND THREE HUNDRED SEVENTY-SIX AND 00/100 DOLLARS
($37,376.00), due and payable on the first day of each month, in advance, without demand. 
 Checks should be made payable
to EWE Warehouse Investments V, Ltd. and sent c/o Easton & Associates, 10165 N.W. 19th Street, Miami, Florida 33172. Said rent shall be paid to the Lessor, or to the duly authorized agent of the Lessor, at its office during business 

 
hours. If the commencement date of this Lease is other than the first day of the month, any rental adjustment or additional rents hereinafter provided for shall be prorated accordingly. The
Lessee will pay the rent as herein provided, without deduction whatsoever, and without any obligation of the Lessor to make demand for it. Any installment of rent accruing hereunder and any other sum payable hereunder, if not paid when due, shall
bear interest at the rate of eighteen percent (18%) per annum until paid. 
 4. Except as expressly amended herein, all
other terms and conditions of the Lease remain in full force and effect. 
 IN WITNESS WHEREOF, the Lessor
and Lessee have affixed their signatures to duplicates of this Amendment, this 20th day of May, 2010, as to Lessee and this 21st day of May, 2010, as to Lessor.

  

									
	 Signed and acknowledged
	    	Lessor:	 	EWE WAREHOUSE INVESTMENTS V, LTD.
	in the presence of:	    		 		 	By:	 	MV Realty, Inc.
		    		 		 	Its:	 	Managing Agent
			
	 /s/ CHARLES A. MCCOSH
	    	By:	 	 /s/ BARBARA J. GILMORE

		    		 	Barbara J. Gilmore
	 Charles A. McCosh
	    		 	Authorized Signer
	Print Name	    		 		 		 	
					
	 KELLI L WILSON
	    		 		 		 	
					
	 Kelli L. Wilson
	    		 		 		 	
	Print Name	    		 		 		 	
			
		    	LESSEE:	 	MERRIMACK SERVICES CORPORATION
		    		 	dba PC CONNECTION SERVICES
			
	 /s/ PAM J CARTER
	    	By:	 	 /s/ ROBERT A. PRATT

	 Pamela J. Carter
	    	Title:	 	VP Facilities and Site Services
	Print Name	    		 		 		 	
					
	 /s/ Linda Jackson
	    		 		 		 	
					
	 Linda Jackson
	    		 		 		 	
	Print Name	    		 		 		 	

 [NOTARY ON NEXT PAGE...] 

 STATE OF OHIO, COUNTY OF MONTGOMERY, SS: 

The foregoing instrument was acknowledged before me this 21st day of May, 2010, by Barbara J. Gilmore,
Authorized Signer of MV Realty, Inc., Managing Agent of EWE WAREHOUSE INVESTMENTS V, LTD., on behalf of said company. 
  

	
	 /s/ Teresa B. Lyon

	Notary Public

 STATE OF New Hampshire, COUNTY OF
Hillsborough, SS: 
 The foregoing instrument was acknowledged before me this 20 day of May, 2010, by
Robert A. Pratt, the VP of MERRIMACK SERVICES CORPORATION dba PC CONNECTION SERVICES, a corporation on behalf of said corporation. 
  

	
	 /s/ Dolores R. Collins

	NOTARY PUBLICSummary of Compensation for Executive Officers

 Exhibit 10.55 
 Summary of Compensation for Executive Officers 
 Following is a
description of the compensation arrangements for each of PC Connection, Inc.’s (the “Company’s”) executive officers. The Company’s executive officers as of March 11, 2011 consisted of: (i) Patricia Gallup, Chairman
and Chief Executive Officer; (ii) Timothy McGrath, President and Chief Operating Officer; (iii) Jack Ferguson, Executive Vice President, Treasurer, and Chief Financial Officer; and (iv) John Polizzi, Senior Vice President and Chief
Information Officer. 
 The Compensation Committee annually reviews and approves the compensation of the Chief Executive
Officer. It also reviews and approves the compensation of the Company’s other executive officers, based on recommendations from the Chief Executive Officer. In determining executive compensation, the Compensation Committee considers a
number of different factors, including the mix of salary, bonus, and incentive compensation levels. In addition, a subcommittee of the Compensation Committee is responsible for the determination and approval of corporate goals and targets under the
Company’s Executive Bonus Plan as well as administration of the Company’s cash and equity incentive plans. The Compensation Committee seeks to achieve three broad goals in connection with the Company’s compensation philosophy and
decisions regarding compensation. First, the Company is committed to providing executive compensation designed to attract, retain, and motivate executives who contribute to the long-term success of the Company and are capable of leading the Company
in achieving its business objectives in the competitive and rapidly changing industry in which the Company operates. Second, the Company wants to reward executives for the achievement of company-wide business objectives of the Company. By tying
compensation in part to achievement, the Company believes that a performance-oriented environment is created for the Company’s executives. Finally, compensation is intended to provide executives with an equity interest in the Company so as to
link a meaningful portion of the compensation of the Company’s executives with the performance of the Company’s Common Stock. 
 Compensation for the Company’s executives generally consists of three elements: 
  

	 	•	 	 salary—levels are generally set by reviewing compensation for competitive positions in the market and considering the executive’s level of
responsibility, qualifications, and experience, as well as the Company’s financial performance and the individual’s performance; 

  

	 	•	 	 bonus—bonuses are paid out under the Company’s Executive Bonus Plan and are based on the achievement of company-wide net income and expense
leverage goals. Cash bonuses are set as a percentage of the executive officer’s base salary; and 

  

	 	•	 	 equity awards—equity awards provide long-term incentives to promote and identify long-term interests between the Company’s employees and its
stockholders and to assist in the retention of executives. 

 The following table lists the 2010 annual salaries and bonuses of the Company’s executive officers.

  

									
	 	  	Salary	 	  	Bonus (1)	 
	 Patricia Gallup

Chairman and Chief Executive Officer
	  	$	750,000	  	  	$	1,000,000	  
	 Timothy McGrath (2)
 President and Chief Operating Officer
	  	 	532,692	  	  	 	825,000	  
	 Jack Ferguson

Executive Vice President, Treasurer, and Chief Financial Officer
	  	 	340,000	  	  	 	510,000	  
	 John Polizzi(3)
 Senior Vice President and Chief Information Officer
	  	 	271,154	  	  	 	207,700	  

  

	 	(1)	The Compensation Subcommittee approved such bonuses under the Company’s Executive Bonus Plan pursuant to achievement of company-wide net income and expense
leverage goals. 

  

	 	(2)	Mr. McGrath was promoted to President on May 1, 2010 and in connection with his promotion his salary increased from $500,000 to $550,000. The salary presented
above includes the pro-rated increase awarded with his promotion. 

  

	 	(3)	Effective February 1, 2010, the Company appointed Mr. Polizzi as Senior Vice President and Chief Information Officer. The salary and bonus presented above reflects
amounts earned during his partial year of service in 2010. 

 The Company granted awards in 2010 to the Company’s executive
officers, as shown below: 
  

													
	 	  	# of
RSA 
Shares	 	  	Per Share Fair
Market Value	 	  	 	 
	 Restricted Stock Awards
	  				  				  			
	 Timothy McGrath
	  	 	50,000	  	  	$	4.87	  	  			
	 President and Chief Operating Officer
	  				  				  			
				
	 	  	# of
Stock 
Options	 	  	Per Share Fair
Market Value	 	  	Exercise Price	 
	 Stock Options
	  				  				  			
	 Timothy McGrath
	  	 	75,000	  	  	$	3.76	  	  	$	6.77	  
	 President and Chief Operating Officer
	  				  				  			
				
	 John Polizzi
	  	 	25,000	  	  	$	3.52	  	  	$	6.35	  
	 Senior Vice President and Chief Information Officer
	  				  				  			

 The restricted stock award granted in 2010 contains post-vesting selling restrictions, as follows:
Mr. McGrath may sell 10% of the awarded shares per year, with such selling restriction lapsing at age 65.Summary of Compensation for Non-Employee Directors

 Exhibit 10.56 
 Summary of Compensation for Non-Officer Directors 
 As of December 31, 2010, PC
Connection, Inc.’s non-officer directors consisted of: (i) Joseph Baute; (ii) David Beffa-Negrini; (iii) Barbara Duckett; (iv) David Hall; and (v) Donald Weatherson. Non-officer directors receive a standard quarterly
retainer fee of $10,000 for service on the Board as well as $2,500 for each individual board meeting attended and $1,500 for each committee meeting attended. The table below sets forth the total retainer fee paid for 2010, and per board meeting and
committee meeting fees paid to our non-officer directors in 2010: 
  

													
	 Director
	  	Total Retainer Fee
Paid for
2010(1)	 	  	Fee Per Board
Meeting Attended	 	  	Fee Per Committee
Meeting Attended	 
	 Joseph Baute
	  	$	40,000	  	  	$	2,500	  	  	$	1,500	  
	 David Beffa-Negrini
	  	 	40,000	  	  	 	2,500	  	  	 	1,500	  
	 Barbara Duckett
	  	 	40,000	  	  	 	2,500	  	  	 	1,500	  
	 David Hall
	  	 	40,000	  	  	 	2,500	  	  	 	1,500	  
	 Donald Weatherson
	  	 	40,000	  	  	 	2,500	  	  	 	1,500	  

  

	(1)	In addition, non-officer directors receive reimbursement for all reasonable expenses incurred in attending board and committee meetings.

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