Document:

<PAGE>

                                                                   Exhibit 10.39

February 28, 2001

Mr. Thomas M. Mason
Chief Financial Officer
Tekgraf, Inc.
980 Corporate Woods Parkway
Vernon Hills, Illinois  60061

Re:  Amended and Restated Loan and Security Agreement (the "Loan Agreement"),
     entered into on June 9, 2000 between Tekgraf, Inc., as "Borrower", all
     those subsidiaries of Borrower identified as "Subsidiary Guarantors" and
     Wachovia Bank, N.A., as "Lender", as amended or modified to date

Dear Tom:

I am writing to confirm our agreement with you to amend the Loan Agreement in
the following particulars, effective this date. Capitalized terms used below,
but not expressly defined below, shall have the meanings given to such terms in
the Loan Agreement. The amendments shall include the following:

1.   The Applicable Rate shall be our Prime Rate PLUS one percent (1%) per
     annum, changing with each change in the Prime Rate. No more LIBOR
     Borrowings shall be permitted. All existing LIBOR Borrowings shall be
     converted to Prime Borrowings, effective this date, bearing interest,
     however, at the Prime Rate PLUS one percent (1%) per annum. The pricing
     matrix, set forth in Section 2.2.1(2) of the Loan Agreement, is rescinded,
     effective this date.

2.   The Margin shall be modified by (A) reducing the dollar amount "Four
     Million Dollars ($4,000,000)," appearing in clause (ii)(A) thereof, to "Two
     Million Dollars ($2,000,000)," effective this date.

3.   Settlement Reports shall be delivered on a weekly basis hereafter, on or
     before the second Business Day following each calendar week end, effective
     starting today.

Except only as expressly provided above, the Loan Agreement shall remain in full
force and effect.

<PAGE>

Mr. Thomas M. Mason
February 28, 2001
Page 2

This letter agreement contains the entire understanding of the Borrower and
Lender regarding the matters addressed herein. Any oral or written
representation in conflict with this letter agreement is null and void. Please
countersign below, where indicated, to evidence your concurrence.

Sincerely,

WACHOVIA BANK, N.A.

/s/ Dan Denton

Dan Denton
Vice President

Acknowledged and agreed under seal
this 28th day of February 2001

TEKGRAF, INC.

By: /s/ Thomas M. Mason
    Thomas M. Mason
    Chief Financial Officer

Attest: /s/ James J. Reiman
        Title:  Controller

(CORPORATE SEAL)<PAGE>

                                                                   EXHIBIT 10.40

July 25, 2000

Bill Rychel
Tekgraf, Inc.
980 Corporate Woods Pkwy
Vernon Hills, Illinois 60061

RE: FINANCIAL CONSULTING AGREEMENT

Dear Bill:

During several recent conversations, you have indicated that Tekgraf, Inc.
("Tekgraf") or the "Company") is interested in retaining a financial consultant.
LaSalle St. Capital Markets, Inc. ("LCM") has agreed to perform this function.
This Letter Agreement (the "Agreement') sets forth the terms by which LCM will
agree to provide financial consulting services for Company.

SERVICE

Company agrees to pay LCM 100,000 warrants with a 3-year exercise period to
provide investment-consulting services. The warrants shall vest as indicated
below, with any unvested warrants being forfeited on the effective date of
termination. The exercise price of the warrants shall be as follows:

          1.   50,000 warrants at $1.50 exercise price, vested immediately upon
               signing,
          2.   25,000 warrants at $2.50 exercise price, vested in 3 months from
               signing,
          3.   25,000 warrants at $3.50 exercise price, vested in 6 months from
               signing.

Subject to all the terms and conditions set forth in this Letter Agreement, LMC
agrees to advise Company in the following areas:

          a.)  Long-term strategic planning
          b.)  Capital Planning
          c.)  Business transactions
          d.)  Business Plan development
          e.)  Capital Raising

This is not meant be exhaustive, but rather to highlight the more important
services LCM is expected to perform pursuant to this Agreement.

TERM AND TERMINATION

The term of this Agreement shall be for 12 months. Each party shall have the
right to terminate the Agreement on 30 days written notice, provided that, in
the event of termination by Company, LCM shall be entitled to compensation as
described in the "Business Transaction" paragraph

<PAGE>

herein with respect to any firm, person or corporation who, within 180 days
after termination of the Agreement, shall have entered into a legal relationship
with Company in such manner as contemplated by this engagement

PERSONNEL

By executing this Agreement, Company engages LCM to perform the work and
services set forth herein. Company understands and agrees that in the
performance of this engagement LCM may use the services of principals,
associates accountants, outside consultants, lawyers and others, provided that
in each case the engagement of such persons shall be identified to, and approved
by Company

WARRANTIES

LCM makes and will make no representation or warranty that any research
coverage, whether conducted by LCM or any affiliate or professional retained for
that purpose, will increase market exposure for Company.

BUSINESS TRANSACTION

Company engages LCM, only on deals that LCM brings to Tekgraf, to act as
non-exclusive agent for any merger or consolidation involving the Company or any
of its subsidiaries, or for any acquisition by Company or any of its
subsidiaries of any entity or assets thereof, or the acquisition of Company or
any of its Subsidiaries by another entity. Unless otherwise agreed to by both
parties, if the acquisition, consolidation or merger is consummated, Company
agrees to pay LCM as follows:

          *    on amount of $1.0 million or under, 5% of such amount;
          *    on amounts in excess of $1.0 million to and including, $2.0
               million, 4% of such excess;
          *    on amount in excess of $2.0 million to, and including, $5.0
               million, 3% of such excess;
          *    on amounts in excess of $5.0 million, 2% of such excess.

EXPENSES

Company agrees to pay reasonable out-of-pocket expenses incurred by LCM
including, but no limited to, charges in connection with photocopying, desktop
publishing and word processing, computer database searches, courier charges,
travel and meal charges, approved overtime, as well as approved outside
consultants, lawyers, accountants and specifically identified services rendered
by LCM provided that the Company has pre-approved any expense or series of
related expenses over $500. . LCM shall not required approval for disbursements
in individual amount of less than five hundred dollars ($500.00).

MISCELLANEOUS

Company agrees to cooperate with LCM in complying with all state and federal
securities laws, rules, and regulation of the National Association of Securities
Dealers. (already in previous paragraph - not necessary) Company acknowledges
and agrees that any decision as to whether to

<PAGE>

follow LCM's advice in the role of financial consultant, and all other decision
of any nature whatsoever, are those of Company only and Company accepts
responsibility for those decisions. Company acknowledges that LCM is an
independent contractor and not the agent of the Company. LCM does not, and will
not have responsibilities of an agent to a principle and conversely, Company
does not and will not have the responsibilities of a principle to an agent.

By signing below, Company acknowledges and agrees to the terms and conditions of
performance by LCM of services set forth above. Company may not delegate or
assign any part of this letter Agreement, or the duties and privileges set forth
herein, without the prior written consent of LCM.

Sincerely,

LASALLE ST.CAPITAL MARKETS, INC.

/s/ Michael R. Grady
Michael R. Grady
President, LaSalle St. Capital Markets, Inc.

Acknowledge and Agreed

/s/  William R. Rychel
By:
President<PAGE>

                                                                     EXHIBIT 4.1

            FOURTH AMENDMENT, dated as of February 28, 2001 (this "Amendment"),
to the Credit Agreement, dated as of August 25, 2000, as amended (the "CREDIT
AGREEMENT"), between WKI HOLDING COMPANY, INC., a Delaware corporation (the
"BORROWER"), and BORDEN, INC., a New Jersey corporation (the "LENDER").

                              W I T N E S S E T H :
                              - - - - - - - - - -

            WHEREAS, the Borrower and the Lender desire to amend the Credit
Agreement as set forth below;

            NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, the parties agree hereto hereby as follows:

            1. Unless otherwise defined herein, terms defined in the Credit
Agreement shall have their defined meanings when used herein.

            2. The definition of "Maturity Date" in Section 1 of the Credit
Agreement is hereby amended in its entirety to read as follows:

            "MATURITY DATE" shall mean March 30, 2001.

            3. The Borrower agrees and acknowledges that the agreement of the
Lender to extend the Maturity Date pursuant to Section 2 hereof shall not
foreclose or be deemed to waive any of the Lender's rights with respect to any
Default or Event of Default which may now or hereafter exist.

            4. This Amendment shall be construed in accordance with and governed
by the law of the State of New York.

            5. This Amendment may be executed by the parties hereto in any
number of separate counterparts and all of said counterparts taken together
shall be deemed to constitute one and the same instrument.

            6. Except as expressly amended hereby, the Credit Agreement as
amended by this Amendment shall continue to be and shall remain in full force
and effect. From and after the date hereof, all references in the Credit
Agreement thereto shall be to the Credit Agreement as amended hereby.

                                      * * *

<PAGE>

            IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed and delivered by their respective duly authorized officers as of the
day and year first above written.

                                    WKI HOLDING COMPANY, INC.

                                    By:_____________________________
                                       Name:   Raymond J. Kulla
                                       Title:  Vice President,
                                               Secretary and General Counsel

                                    BORDEN, INC.

                                    By:_____________________________
                                       Name:  Huub M.F. Nelissen
                                       Title: Assistant Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}]]