Document:

Fourth Amendment to Lease Agreement

 Exhibit 10.39 
 AMENDMENT NO. 4 TO LEASE 
 THIS AGREEMENT made
this 13th day of October, 2009, 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.

 W I T N E S S E T H: 
 WHEREAS, Lessor and Lessee entered into a Lease dated May 13, 1993, as amended June 19, 2001, April 24, 2003 and November 11, 2006, and 
 WHEREAS, the Lessor and Lessee desire to amend the Lease of approximately 102,400 square feet to extend the term, revise rent, revise Common
Area, delete Right to Terminate, and delete Option to Renew. 
 NOW THEREFORE, the Lease is amended as follows. 
 1. Article 1. TERM. shall be revised as follows. 
 Effective December 1, 2009, the term of this Lease shall be extended for an additional one (1) year, for a total term of seventeen (17) years, two (2) months, commencing
October 1, 1993 and ending November 30, 2010, 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. 
 Section 1. For the one (1) year period commencing December 1, 2009 and ending November 30, 2010, the Lessee shall pay to the Lessor as Annual Rent for the Leased Premises the
sum of FOUR HUNDRED THIRTY-FIVE THOUSAND TWO HUNDRED AND 04/100 DOLLARS ($435,200.04) which shall be paid in equal monthly installments of THIRTY-SIX THOUSAND TWO HUNDRED SIXTY-SIX AND 67/100 DOLLARS ($36,266.67), due and payable on the first day of
each month, in advance, without demand. 
  

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 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. 
 Section 2. The Lessee shall reimburse the Lessor for the costs of water, gas, and electricity (including electricity costs for exterior lighting) and all other utilities and heating and air
conditioning maintenance in the event that such services are furnished by Lessor and not separately metered to the Lessee. Said reimbursement shall be additional rent due on the first day of the calendar month next following rendition of a bill
therefor. If any services are separately metered, the cost shall be paid directly by the Lessee to the utility service. The heating and other utilities, except water, not separately metered will be prorated on the basis of the square footage
serviced by a given meter and/or tank and paid to Lessor as billed. The total costs of water shall be paid by the Lessees currently in occupancy and the costs thereof shall be prorated on the basis of square footage occupied by each Lessee. LESSEE
SHALL PAY FOR ELECTRICITY DIRECTLY TO THE UTILITY SERVICE; WATER AND GAS SHALL BE PRORATED AS DESCRIBED ABOVE. A 10% handling fee for these billable services will be charged by the Lessor. 
 Section 3. (Real Estate Taxes) as previously written in original Lease, shall be deleted in its entirety. Lessor shall be
fully responsible for payment of any real estate taxes due during the extended term of this Lease. 
 4. Article 4. COMMON
AREA. shall be revised as follows. 
 For the purpose of this Lease, common area shall be defined as all of the property
described herein that is not actually occupied by the building. The Lessee shall have the use in common with other Lessees to the parking areas and driveways for ingress and egress to the Leased Premises. PARKING IS FOR THE EXCLUSIVE US OF THE
LESSEE OCCUPYING THE BUILDING. The Lessee shall have no right to use the common area for storage purposes and trash shall be stored only in approved containers in the common area. The Lessor shall maintain the common area and keep the same in good
order and repair including lighting and landscaping. The cost of exterior lighting and ice and snow removal will be the sole cost and responsibility of the Lessor. No additional cost shall be passed on to the Lessee. 
  

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 5. The RIGHT TO TERMINATE. as stated in Item No. 4. of Amendment No. 3 has
expired and shall be deleted in its entirety. 
 6. The OPTION TO RENEW. as stated in Item No. 5. of Amendment
No. 3 has expired and shall be deleted in its entirety. 
 7. 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 13th day of October, 2009, as to Lessee and this 15th day of October, 2009, as to Lessor.

 [SIGNATURES ON NEXT PAGE...] 
  

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	Signed and acknowledged	 	Lessor:	 	EWE WAREHOUSE INVESTMENTS V, LTD.
	in the presence of:	 	By:	 	MV Realty, Inc.
		 	Its:	 	Managing Agent

  

							
	 /s/ KELLI L. WILSON
	 		 	By:	 	 /s/ ROBERT A. GALLINIS

	Kelli L. Wilson	 		 		 	Robert A. Gallinis
	Print Name	 		 		 	President

  

	
	 /s/ CHARLES A. MCCOSH

	Charles A. McCosh
	Print Name

  

							
		 		 	LESSEE:	 	MERRIMACK SERVICES CORPORATION
		 		 		 	dba PC CONNECTION SERVICES
				
	 /s/ LINDA JACKSON
	 		 	By:	 	 /s/ ROBERT
PRATT            10/13/09

	Linda Jackson	 		 		 	Robert Pratt
	Print Name	 		 	Title:	 	Vice President of Facilities and Site Services
				
	 /s/ MAUREEN MOORE
	 		 		 	
				
	 Maureen Moore
	 		 		 	
	Print Name	 		 		 	

 [NOTARY ON NEXT PAGE...] 
  

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 STATE OF OHIO, COUNTY OF MONTGOMERY, SS: 
 The foregoing instrument was acknowledged before me this 15th day of October, 2009, by Robert A. Gallinis, President 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 _13th day of October, 2009, by
Robert Pratt, the Vice President of Facilities and Site Services of MERRIMACK SERVICES CORPORATION dba PC CONNECTION SERVICES, a corporation on behalf of said corporation. 
  

	
	 /s/ MICHELLE L. GAUTHIER

	NOTARY PUBLIC

  

 5Fifth Amendment to Lease Agreement

 Exhibit 10.40 
 AMENDMENT NO. 5 TO LEASE 
 THIS AGREEMENT made
this 5th day of February, 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.

 W I T N E S S E T H: 
 WHEREAS, Lessor and Lessee entered into a Lease dated May 13, 1993, as amended June 19, 2001, April 24, 2003, November 11, 2006 and October 13, 2009, and 
 WHEREAS, the Lessor and Lessee desire to amend the Lease of approximately 102,400 square feet to add Option to Renew. 
 NOW THEREFORE, the Lease is amended as follows. 
 1. The following OPTION TO RENEW. shall be added. 
 Lessee is hereby granted
three (3) Options to Renew this Lease for an additional term of one (1) years each on the same terms and conditions contained herein except for the rental and the length of the term, upon the conditions that: 
 a. written notice of the exercise of such option shall be given by Lessee to Lessor not less than one hundred twenty (120) days prior
to the end of the term of this Lease (July 31, 2010, July 31, 2011 and July 31, 2012 respectively); and 
 b. at
the time of the giving of such notice and at the expiration of the term of this Lease, there are no defaults in the covenants, agreements, terms and conditions on the part of Lessee to be kept and performed, and all rents are and have been fully
paid. Provided also, that the rent to be paid during each of the said renewal periods shall be as follows: 
 First Renewal
Period (December 1, 2010 thru November 30, 2011) 
 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. 
  

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 Second Renewal Period (December 1, 2011 thru November 30, 2012) 
 For the period commencing December 1, 2011 and ending November 30, 2012, the Lessee shall pay to the Lessor as Annual Rent for the
Leased Premises the sum of FOUR HUNDRED SIXTY-ONE THOUSAND EIGHT HUNDRED TWENTY-THREE AND 96/100 DOLLARS ($461,823.96) which shall be paid in equal monthly installments of THIRTY-EIGHT THOUSAND FOUR HUNDRED EIGHTY-FIVE AND 33/100 DOLLARS
($38,485.33), due and payable on the first day of each month, in advance, without demand. 
 Third Renewal Period (December
1, 2012 thru November 30, 2013) 
 For the period commencing December 1, 2012 and ending November 30, 2013,
the Lessee shall pay to the Lessor as Annual Rent for the Leased Premises the sum of FOUR HUNDRED SEVENTY-SIX THOUSAND ONE HUNDRED SIXTY AND 00/100 DOLLARS ($476,160.00) which shall be paid in equal monthly installments of THIRTY-NINE THOUSAND SIX
HUNDRED EIGHTY AND 00/100 DOLLARS ($39,680.00), due and payable on the first day of each month, in advance, without demand. 
 2. 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 1st day of February, 2010, as to Lessee and this 5th day of February, 2010, as to Lessor. 
 [SIGNATURES ON NEXT PAGE...] 
  

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	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

	Charles A. McCosh	 		 		 	Barbara J. Gilmore
	Print Name	 		 		 	Authorized Signer

  

	
	 /s/ KELLI L. WILSON

	Kelli L. Wilson
	Print Name

  

							
		 		 	LESSEE:	 	MERRIMACK SERVICES CORPORATION
		 		 		 	dba PC CONNECTION SERVICES
				
	 /s/ MICHELLE GAUTHIER
	 		 	By:	 	 /s/ ROBERT A. PRATT

	Michelle Gauthier	 		 		 	Robert Pratt
	Print Name	 		 	Title:	 	Vice President of Facilities and Site Services
				
	 /s/ LINDA JACKSON
	 		 		 	
				
	 Linda Jackson
	 		 		 	
	Print Name	 		 		 	

 [NOTARY ON NEXT PAGE...] 
  

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 STATE OF OHIO, COUNTY OF MONTGOMERY, SS: 
 The foregoing instrument was acknowledged before me this 5th day of February, 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/ SHARON L. RISLUND

	Notary Public

 STATE OF N.H., COUNTY OF
Hillsborough, SS: 
 The foregoing instrument was acknowledged before me this 1st day of February, 2010, by Robert
Pratt, the Vice President of Facilities and Site Services of MERRIMACK SERVICES CORPORATION dba PC CONNECTION SERVICES, a corporation on behalf of said corporation. 
  

	
	 /s/ JESSICA SCALESE

	NOTARY PUBLIC

  

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