Document:

BILL OF SALE, DATED OCTOBER 21, 2005

 EXHIBIT 10.1 
  
 SECURED PARTY’S BILL OF SALE 
  
 DATE: October 21, 2005 
  
 FOR GOOD AND VALUABLE CONSIDERATION, and in consideration of the sum of Seven Million Seven Hundred and Fifty One Thousand ($7,751,000) Dollars, IBM
Credit, LLC, a Delaware limited liability company, with a principal office at North Castle Drive, Armonk, New York 10504 (hereinafter referred to as the “Secured Party”), hereby sells, assigns and transfers to PC Connection, Inc., a
Delaware corporation with a principal office located at 730 Milford Road, Merrimack, New Hampshire 03054 (hereinafter referred to as the “Purchaser”), all of the Secured Party’s rights, title and interest in and to all of the property
(hereinafter referred to as the “Property”) set forth in Exhibit “A” annexed hereto and incorporated by reference herein, in which the Secured Party has been granted a security interest by Amherst Technologies L.L.C., a Nevada
limited liability company; Amherst, L.L.C., a Nevada limited liability company; Technology Consulting Services, Inc., Amherst Distribution Services, L.L.C., a Nevada limited liability company, Amherst GOV, L.L.C., a Nevada limited liability company;
Amherst Computer Products SouthWest, LP, a Texas limited partnership; Amherst SE, L.L.C., a Nevada limited liability company; Amherst LA, L.L.C., a Nevada limited liability company; Amherst West, L.L.C., a Nevada limited liability company; ACP
Sales, L.L.C., a Nevada limited liability company; and ACP Sales SE, LLC, a Nevada limited liability company (hereinafter referred to as the “Debtors”), which comprises a part of the Collateral of the Debtors as the term Collateral is
defined in that certain Final Order (A) Authorizing Debtors The Limited Use Of 

 
Cash Collateral And To Obtain Post-Petition Financing And Grant Security Interests And Superpriority Administrative Expense Status Pursuant To 11 U.S.C.
§§ 105 And 364(c) And (d); (B) Modifying The Automatic Stay Pursuant To 11 U.S.C. § 362; (C) Authorizing Debtors To Enter Into Agreements With IBM Credit LLC, F/K/A IBM Credit Corporation And (D) Granting Other Relief
With Respect Thereto dated September 14, 2005 and entered by the United States Bankruptcy Court for the District of New Hampshire in the Debtors’ chapter 11 bankruptcy cases jointly administered under Bk. No. 05-12831-JMD
(collectively, the “Bankruptcy Orders”), but subject to that certain Services Agreement of even date herewith between Secured Party and Buyer. 
  
 The Secured Party represents and warrants to Buyer that (i) it owns the debt described on Exhibit “B” annexed hereto and incorporated by
reference herein (the “Debt”); (ii) it has not sold, transferred or assigned to any other person or entity any of its right, title and interest in and to the Property; (iii) it has entered into this transaction after consultation
with counsel of the Secured Party’s own selection; (iv) the sale of the Property has been conducted in a commercially reasonable manner in accordance with the Uniform Commercial Code as in effect in the states in which the Property is
located; it has entered into this transaction after consultation with counsel of the Purchaser’s own selection; (v) it is not relying upon any representation or warranty of the Buyer or its agents or counsel in consummating this
transaction other than those representations and warranties of Purchaser set forth herein; and (vi) it has full power and authority to convey the interests transferred hereby and execute all related documents, and has taken all necessary
corporate action to authorize the execution and delivery of such documents and the performance of its obligations thereunder. Except as specifically set forth herein, the Secured Party makes no representations and/or warranties with respect to the
Property or 

  

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otherwise. Except as otherwise set forth herein, the Secured Party sells, assigns and transfers the Property to the Purchaser WITHOUT ANY REPRESENTATIONS OR
WARRANTIES WHATSOEVER, WHETHER EXPRESS, IMPLIED, OR IMPOSED BY LAW. Without limiting the generality of the foregoing, the Property is hereby sold and transferred WITHOUT ANY WARRANTY OF MERCHANTABILITY and WITHOUT ANY WARRANTY OF FITNESS FOR A
PARTICULAR PURPOSE. 
  
 In no event shall the Secured Party’s
liability hereunder for any breach of the representations and warranties contained herein or otherwise exceed the allocated cost to the Purchaser hereunder of any particular item comprising the Property as to such item, or the total consideration
being paid by the Purchaser to the Secured Party hereunder for all of the Property, as to a claim involving all of the Property. 
  
 The Purchaser acknowledges, agrees, and represents that: (a) it has made its own independent investigation and evaluation as to the Property;
(b) it is acquiring the Property as is and where is; (c) it has entered into this transaction after consultation with counsel of the Purchaser’s own selection; (d) it is not relying upon any representation or warranty of the
Secured Party or his agents or counsel in consummating this transaction other than as set forth herein; (e) by accepting this Secured Party’s Bill of Sale, the Purchaser has received all of the Property transferred hereunder; and
(f) the Purchaser is duly organized and validly existing as a corporation under the laws of the state of Delaware, has full power and authority to purchase the Property and execute all related documents, and has taken all necessary corporate
action to authorize the execution and delivery of such documents and the performance of its obligations thereunder. 
  

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 This Secured Party’s Bill of Sale shall be governed by and construed in accordance with the laws of
the State of New York. 
  

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	 IBM CREDIT, LLC

		
	By:	 	/S/ JOHN E. CALLIES
		
	By:	 	John E. Callies
	 	 	 Its:

	
	 PC CONNECTION, INC.

		
	By:	 	/S/ JACK FERGUSON
	 	 	 Its: Treasurer and Interim Chief Financial Officer

  

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 EXHIBIT A 
  

“Property” all assets of Debtors including, without limitation, the following (but specifically excluding those assets specifically excluded from the
definition of Collateral in the last paragraph and the third to last paragarph of this Exhibit A): 
  
 Subject to the limitations herein, all personal and real property and fixtures and interests in property and fixtures of each of the Debtors, wherever located (collectively, the “Collateral”), including:

  
 (a) all general intangibles, including, without limitation, all Intellectual
Property; 
  
 (b) all goods, including, without limitation, Equipment; 

 
 (c) all Real Property and Fixtures; 
  
 (d) all chattel paper (including all tangible and electronic chattel paper); 
  
 (e) all instruments; 
  
 (f) all documents; 
  
 (g) all letters of credit, banker’s acceptances and similar instruments and including all letter-of-credit rights; 
  
 (h) all supporting obligations and all present and future liens, security interests, rights,
remedies, title and interest in, to and in respect of Collateral, including (i) rights and remedies under or relating to guaranties, contracts of suretyship, letters of credit and credit and other insurance related to the Collateral,
(ii) rights of stoppage in transit, replevin, repossession, reclamation and other rights and remedies of an unpaid vendor, lienor or secured party, (iii) goods described in invoices, documents, contracts or instruments with respect to, or
otherwise representing or evidencing, Collateral, including returned, repossessed and reclaimed goods, and (iv) deposits by and property of account debtors or other persons securing the obligations of account debtors; 
  
 (i) all investment property (including securities, whether certificated or uncertificated,
securities accounts, security entitlements, commodity contracts or commodity accounts ); 
  
 (j) all commercial tort claims; 
  
 (k) all
records; and 
  
 (l) all products and proceeds of the foregoing, in any form,
including insurance proceeds and all claims against third parties for loss or damage to or destruction of or other involuntary conversation of any kind or nature of any or all of the other collateral. 
  

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 Definitions: 
  
 “Accounts” shall mean all present and future rights of each Debtor to payment of a monetary obligation, whether or not earned by
performance, which is not evidenced by chattel paper of an instrument, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, (c) for a
secondary obligation incurred or to be incurred, or (d) arising out of the use of a credit or charge card or information contained on or for use with the card. 
  
 “Equipment” shall mean, as to each Debtor, all of such Debtor’s equipment, wherever located, including machinery, data
processing and computer equipment and computer hardware and software, whether owned or licensed, and including embedded software, vehicles, tools, furniture, fixtures, all attachments, accessions and property now or hereafter affixed thereto or used
in connection therewith, and substitutions and replacements thereof, wherever located. 
  
 “Intellectual Property” shall mean, as to each Debtor, such Debtor’s: patents, patent rights, patent applications, copyrights, works which are the subject matter of copyrights, copyright registrations, trademarks, trade
names, trade styles, trademark and service mark applications, and licenses and rights to use any of the foregoing; all extensions, renewals, reissues, divisions, continuations, and continuations-in-part of any of the foregoing; all rights to sue for
past, present and future infringement of any of the foregoing; inventions, trade secrets, formulae, processes, compounds, drawings, designs, blueprints, surveys, reports, manuals, and operating standards; goodwill (including any goodwill associated
with any trademark or the license of any trademark); customer and other lists in whatever form maintained; and trade secret rights, copyright rights, rights in works of authorship, domain names and domain name registrations; software and contract
rights relating to software, in whatever form created or maintained. 
  
 “Real Property” shall mean all real property of each Debtor, including each Debtor’s rights in (but not obligations under) leasehold interests, together with such Debtor’s interest in all buildings, structures, and other
improvements located thereon and all licenses, easements and appurtenances relating thereto, wherever located. 
  
 “Receivables” shall mean, as to each Debtor, all of the following property of such Debtor: (a) all Accounts; (b) all interest, fees, late charges, penalties, collection fees and other amounts due
or to become due or otherwise payable in connection with any Account; (c) all payment intangibles of such Debtor and other contract rights, chattel paper, instruments, notes, and other forms of obligations owing to such Debtor, whether from the
sale and lease of goods or other property, licensing of any property (including Intellectual Property or other general intangibles), rendition of services or from loans or advances by such Debtor or to or for the benefit of any third person
(including loans or advances to any affiliates or subsidiaries of such Debtor) or other wised associated with any Accounts, Inventory or general intangibles of such Debtor (including, without limitation, choses in action, causes of action, tax
refunds, tax refund claims, any funds which may become payable to such Debtor in connection with the termination of any employee benefit plan and any other amounts payable to such Debtor from any employee benefit plan, rights and claims against
carriers and shippers, rights to indemnification, business interruption 

  

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insurance and proceeds thereof, casualty or any similar types of insurance and any proceeds thereof and proceeds of insurance covering the lives of employees
on which such Debtor is a beneficiary). 
  
 “Records” shall mean, as to
each Debtor, all of such Debtor’s present and future books of account of every kind or nature, purchase and sale agreements, invoices, ledger cards, bills of lading and other shipping evidence, statements, correspondence, memoranda, credit
files and other data, together with the tapes, disks, diskettes and other data and software storage media and devices, file cabinets or containers in or on which the foregoing are stored (including any rights of such Debtor with respect to the
foregoing maintained with or by any other person), excluding only the server or servers identified on Exhibit A-1 hereto (provided however, that the accounting records and data on such servers is included in “Records” and will be
made accessible to Buyer). 
  
 “Business” means the information
technology hardware and software reseller and services operations, now or formerly carried on by Debtors anywhere in the world. 
  
 Notwithstanding the foregoing, in no event shall Property include any cash, any Receivable invoiced as of the date hereof for filled purchase orders, any item of personal
property falling within any of the categories of assets enumerated in the definition of Collateral to the extent such asset relates to a Receivable invoiced as of the date hereof for filled purchase orders, any Inventory (as defined in the Uniform
Commercial Code in effect in the State of New York), any of Debtors’ corporate franchise, corporate seals, organizational documents, minute books, stock records and other records having to do with the organization and capitalization of Debtors
and any equity of the Debtors, or any documents relating to receivables invoiced as of the date hereof, including, without limitation, invoices and purchase orders. 
  
  

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 EXHIBIT A-1 
  

			
	 Device

	  	Number of

	 Compaq DL-380
	  	12
	 Compaq ML-370
	  	6
	 HP ML-370 G2
	  	2
	 HP DL-380 G2
	  	3
	 HP DL-380 G3
	  	3
	 Compaq ML-530
	  	1
	 Dell 6400
	  	1
	 IBM Xseries 255
	  	2
	 Compaq DL-580
	  	2
	 HP DL-580
	  	1
	 IBM Blade Center with 4 Blades
	  	1
	 Netfinity 5500
	  	1
	 HP SDLT tape unit
	  	3
	 Compaq 4314 Storage Array
	  	11
	 Compaq 6000 (Xeon)
	  	2
	 Mitel PBX
	  	2
	 Compaq 4100 Storage Array
	  	3
		
	 HP 9308 Switch 5 Fiber Blades 2 Copper
	  	2
	 HP 5300 Switch
	  	2
	 HP 2650 Switch
	  	1
		
	 Remote Sites
	  	 
	 Compaq DL-380
	  	5

  

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 EXHIBIT B 
  

Any and all indebtedness, obligations and other amounts due the Lender under that certain Amended and Restated Loan and Security Agreement dated October 12, 1999
by and between the Debtors and the Lender and all agreements, documents, and instruments executed in connection therewith or otherwise related thereto, including, without limitation, any promissory notes, security agreements and other documents and
instruments, as each may have been amended, ratified, modified or supplemented in any manner, and all obligations of the Debtors to the Lender, to the extent not otherwise included in the foregoing, related to the Bankruptcy Orders. 
  

 10First Amendment to Loan and Security Agreement

 Exhibit 10.22 
  
 FIRST AMENDMENT 
 TO 
 LOAN AND SECURITY AGREEMENT 
  
 THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 24th day of
October, 2005, by and between Silicon Valley Bank (“Bank”) and California Micro Devices Corporation, a California corporation (“Borrower”) whose address is 490 N. McCarthy Boulevard #100., Milpitas, California 95035. 

 
 RECITALS 
  
 A. Bank and Borrower have entered into that certain Second Amended and
Restated Loan and Security Agreement dated as of September 29, 2004,(as the same may from time to time be amended, modified, supplemented or restated, the “Loan Agreement”). 
  
 B. Bank has extended credit to Borrower for the purposes permitted in
the Loan Agreement. 
  
 C. Borrower has requested that Bank
amend the Loan Agreement to make certain revisions to the Loan Agreement as more fully set forth herein. 
  
 D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the
conditions and in reliance upon the representations and warranties set forth below. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the
parties hereto agree as follows: 
  
 1. Definitions.
Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
  
 2. Continuation of Effectiveness of Loan Agreement. Notwithstanding the maturity of the Loan Agreement on the Revolving Maturity Date, the parties
hereto agree that the Loan Agreement has not terminated, but remains in full force and effect, and the rights and obligations of Bank and Borrower thereunder continue without interruption. 
  
 3. Amendments to Loan Agreement. 
  
 3.1 Section 2.3 (Interest Rate, Payments). The second sentence
of Section 2.3(b) of the Loan Agreement is amended and replaced in its entirety with the following: “Interest due on the Committed Revolving Line is payable on the 27th day of each month.” 

 3.2 Section 13 (Definitions). The definition of “Revolving Maturity Date”
set forth in Section 13.1 to the Loan Agreement is amended and replaced in its entirety as follows: 
  
 “Revolving Maturity Date” is September 27, 2006. 
  
 4. Limitation of Amendments. 
  
 4.1 The amendments set forth in Section 3, above, are effective for the purposes set forth herein and
shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may
now have or may have in the future under or in connection with any Loan Document. 
  
 4.2 This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents,
except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 
  
 5. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows:

  
 5.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date,
in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
  
 5.2 Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended
by this Amendment; 
  
 5.3 The organizational documents of
Borrower delivered to Bank on September 29, 2004 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 
  
 5.4 The execution and delivery by Borrower of this Amendment and the
performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 
  
 5.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as
amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or
other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

 5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of
its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body
or authority, or subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 
  
 5.7 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’
rights. 
  
 6. Counterparts. This Amendment may be executed
in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
  
 7. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party
hereto, and (b) Borrower’s payment of a loan fee in an amount equal to $10,000. 
  
 [Signature page follows.] 

 IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed and delivered as of the date first written above. 
  

							
	 BANK
	 	 	 	BORROWER
		
	Silicon Valley Bank	 	California Micro Devices Corporation
				
	By:	 	 /s/ NINA DAVIES

	 	By:	 	 /s/ ROBERT V. DICKINSON

	Name:	 	Nina Davies	 	Name:	 	Robert V. Dickinson
	Title:	 	Relationship Manager	 	Title:	 	President & CEO

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