Document:

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                                                                Exhibit 10.27

                 AMENDMENT TO AGREEMENT FOR WHOLESALE FINANCING

      This Amendment to Agreement for Wholesale Financing is made to that
certain Agreement for Wholesale Financing entered into by and between PC
Connection, Inc., a Delaware corporation ("Dealer") and Deutsche Financial
Services Corporation ("DFS") on March 25, 1998, as amended ("Agreement").

      FOR VALUE RECEIVED, Dealer and DFS agree to amend the Agreement as
follows:

      1. Dealer and DFS agree to amend paragraph 3 of the Agreement to provide
as follows:

      "3.   To secure payment of all of Dealer's current and future debts to
            DFS, whether under this Agreement or any current or future guaranty
            or other agreement, Dealer grants DFS a security interest in all
            Dealer's:

            (a) inventory and equipment, manufactured or sold by or bearing any
            trademark or trade name of Compaq Computer Corporation, Acer America
            Corporation, Apple Computer, Inc., Digital Equipment Corporation,
            Hewlett-Packard Company, Hitachi Sales Corporation of America, Power
            Computing, Texas Instruments Incorporated, Toshiba America
            Information Systems, Inc., NEC Technologies, Inc., Oki America, Inc.
            (Okidata division), Canon U.S.A., Inc., Packard Bell Electronics,
            Inc., Epson America, Inc., Xerox Corporation, Tektronix, Inc., and
            Toshiba America Information Systems, Inc. or any of their
            subsidiaries or affiliated companies, whether now owned or hereafter
            acquired, and all attachments, accessories, accessions, returns,
            repossessions, exchanges, substitutions and replacements thereto,
            and all proceeds thereof; and

            (b) rebates, discounts, credits and incentive payments, now or
            hereafter due Dealer, relating to any of the above described
            inventory and equipment, and all proceeds thereof.

            All such assets are collectively referred to herein as the
            'Collateral.' All of such terms for which meanings are provided in
            the Uniform Commercial Code are used herein with such meanings. All
            Collateral financed by DFS, and all proceeds thereof, will be held
            in trust by Dealer for DFS, with such proceeds being payable in
            accordance with this Agreement."

      2. Dealer and DFS agree to amend paragraph number 9 of the Agreement to
provide as follows:

      "9.   Payment Terms/Paydown. Dealer will immediately pay DFS the principal
            indebtedness owed DFS on each item of Collateral financed by DFS (as
            shown on the Statement of Transaction identifying such Collateral)
            on the earliest occurrence of any of the following events: (a) when
            such Collateral is lost. stolen or damaged; (b) for Collateral
            financed under Pay-As-Sold (PAS") terms (as shown on the Statement
            of Transaction identifying such Collateral), when such Collateral is
            sold,
<PAGE>

            any warranties extended by any third party; (2) not assert against
            DFS any claim or defense Dealer has against any third party; and (3)
            indemnify and hold DFS harmless against all claims and defenses
            asserted by any buyer of the Collateral relating to the condition
            of, or any representations regarding, any of the Collateral. Dealer
            waives all rights of offset Dealer may have against DFS."

      3. DFS and Dealer agree that the following paragraph is incorporated into
the Agreement as if fully and originally set forth therein:

      "7.1  Financial Covenants. Dealer will at all times maintain:

            (a) a Tangible Net Worth and Subordinated Debt in the combined
            amount of not less than Eleven Million Dollars ($11,000,000.00); and

            (b) a ratio of Debt minus Subordinated Debt to Tangible Net Worth
            and Subordinated Debt, measured quarterly, of not more than the
            ratio shown below during the period corresponding thereto:

                      Period                      Ratio
                      ------                      -----

                      First quarter of
                      each fiscal year          3.25 to 1.0

                      Second quarter of
                      each fiscal year          3.25 to 1.0

                      Third quarter of
                      each fiscal year          3.25 to 1.0

                      Fourth quarter of
                      each fiscal year          4.00 to 1.0

            For purposes of this paragraph: (i) 'Tangible Net Worth' means the
            book value of Dealer's assets less liabilities, excluding from such
            assets all Intangibles; (ii) 'Intangibles' means and includes
            general intangibles (as that term is defined in the Uniform
            Commercial Code); accounts receivable and advances due from
            officers, directors, employees, stockholders and affiliates; good
            will; covenants not to compete; the excess of cost over book value
            of acquired assets; franchise fees; organizational costs; finance
            reserves held for recourse obligations; capitalized research and
            development costs; and such other similar items as DFS may from time
            to time determine in DFS' sole discretion; (iii) 'Debt' means all of
            Dealers liabilities and indebtedness for borrowed money of any kind
            and nature whatsoever, whether direct or indirect, absolute or
            contingent, and including obligations under capitalized leases,
            guaranties, or with respect to which Dealer has pledged assets to
            secure performance, whether or not direct recourse liability has
            been assumed by Dealer except that accounts payable corresponding to
            intransit inventory shall not be included in the definition of Debt;
            and (iv) 'Subordinated Debt' means all of Dealer's Debt which is
            subordinated to the payment of Dealer's liabilities to DFS by an
            agreement in form and substance satisfactory to DFS. The foregoing
            terms shall be
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            transferred, rented, leased, otherwise disposed of or matured; (c)
            in strict accordance with any curtailment schedule for such
            Collateral (as shown on the Statement of Transaction identifying
            such Collateral); (d) for Collateral financed under Scheduled Parent
            Program ("SPP") terms (as shown on the Statement of Transaction
            identifying such Collateral), in strict accordance with the
            installment payment schedule; and (e) when otherwise required under
            the terms of any financing program agreed to in writing by the
            parties. Dealer will forward to DFS by the 15th day of each month a
            Collateral Summary Report (as defined below) dated as of the last
            day of the prior month. Regardless of the SPP terms pertaining to
            any Collateral financed by DFS, and notwithstanding any scheduled
            payments made by Dealer after the Determination Date (as defined
            below), if DFS determines, after reviewing the Collateral Summary
            Report, after conducting an inspection of the Collateral or
            otherwise, that (i) the total current outstanding indebtedness owed
            by Dealer to DFS as of the date of the Collateral Summary Report,
            inspection or any other date on which a paydown is otherwise
            required hereunder, as applicable (the 'Determination Date'),
            exceeds (ii) the Collateral Liquidation Value (as defined below) as
            of the Determination Date, Dealer will immediately upon demand pay
            DFS the difference between (i) Dealer's total current outstanding
            indebtedness owed to DFS as of the Determination Date, and (ii) the
            Collateral Liquidation Value as of the Determination Date.

            The term 'Collateral Summary Report' is defined herein to mean a
            report compiled by Dealer specifying the total aggregate wholesale
            invoice price of all of Dealer's inventory financed by DFS that is
            unsold and in Dealer's possession and control as of the date of such
            Report to the extent DFS has a first priority, fully perfected
            security interest therein.

            The term 'Collateral Liquidation Value' is defined herein to mean
            one hundred percent (100%) of the total aggregate wholesale invoice
            price of all of Dealer's inventory financed by DFS that is unsold
            and in Dealer's possession and control as of the date of the
            Collateral Summary Report and to the extent DFS has a first
            priority, fully perfected security interest therein. If Dealer from
            time to time is required to make immediate payment to DFS of any
            past due obligation discovered during any Collateral audit, upon
            review of a Collateral Summary Report or at any other time, Dealer
            agrees that acceptance of such payment by DFS shall not be construed
            to have waived or amended the terms of its financing program. The
            proceeds of any Collateral received by Dealer will be held by Dealer
            in trust for DFS' benefit, for application as provided in this
            Agreement. Dealer will send all payments to DFS' branch office(s)
            responsible for Dealer's account. DFS may apply: (i) payments to
            reduce finance charges first and then principal, regardless of
            Dealer's instructions; and (ii) principal payments to the oldest
            (earliest) invoice for Collateral financed by DFS, but, in any
            event, all principal payments will first be applied to such
            Collateral which is sold, lost, stolen, damaged, rented, leased, or
            otherwise disposed of or unaccounted for. Any third party discount,
            rebate, bonus or credit granted to Dealer for any Collateral will
            not reduce the debt Dealer owes DFS until DFS has received payment
            therefor in cash. Dealer will (1) pay DFS even if any Collateral is
            defective or fails to conform to
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            determined in accordance with generally accepted accounting
            principles consistently applied, and, if applicable, on a
            consolidated basis."

      All other terms as they appear in the Agreement, to the extent consistent
with the foregoing, are ratified and remain unchanged and in full force and
effect.

      IN WITNESS WHEREOF, Dealer and DFS have executed this Amendment to
Agreement for Wholesale Financing this 25th day of March, 1998.

                                    PC CONNECTION, INC.,
                                    a Delaware corporation

ATTEST:                             By: /s/ Jack L. Ferguson
/s/ [ILLEGIBLE]                        ------------------------------
----------------------              Title: Treasurer
(Assistant) Secretary                     ---------------------------

                                    DEUTSCHE FINANCIAL SERVICES CORPORATION

                                    By:
                                       ------------------------------
                                    Title:
                                          ---------------------------<PAGE>

                                                                   Exhibit 10.28

                 AMENDMENT TO AGREEMENT FOR WHOLESALE FINANCING

      This Amendment to Agreement for Wholesale Financing is made to that
certain Agreement for Wholesale Financing entered into by and between PC
Connection, Inc., a Delaware corporation ("Dealer") and Deutsche Financial
Services Corporation (DFS) on March 25. 1998. as amended ("Agreement").

      FOR VALUE RECEIVED, Dealer and DFS agree to amend the Agreement as
follows:

      1. Dealer and DFS agree to amend paragraph 3 of the Agreement to provide
as follows:

      "3.   To secure payment of all of Dealer's current and future debts to
            DFS, whether under this Agreement or any current or future guaranty
            or other agreement, Dealer grants DFS a security interest in all
            Dealer's:

            (a) inventory and equipment, manufactured or sold by or bearing any
            trademark or trade name of Compaq Computer Corporation, Acer America
            Corporation, Apple Computer, Inc., Digital Equipment Corporation,
            Hewlett-Packard Company, Hitachi Sales Corporation of America, Power
            Computing, Texas Instruments Incorporated, Toshiba America
            Information Systems, Inc., NEC Technologies, Inc., Old America, Inc.
            (Okidata division), Canon U.S.A., Inc., Packard Bell Electronics,
            Inc., Epson America, Inc., Xerox Corporation, Tektronix, Inc., and
            Toshiba America Information Systems, Inc. or any of their
            subsidiaries or affiliated companies, whether now owned or hereafter
            acquired, and all attachments, accessories, accessions, returns,
            repossessions, exchanges, substitutions and replacements thereto,
            and all proceeds thereof; and

            (b) rebates, discounts, credits and incentive payments, now or
            hereafter due Dealer, relating to any of the above described
            inventory and equipment, and all proceeds thereof.

            All such assets are collectively referred to herein as the
            'Collateral'. All of such terms for which meanings are provided in
            the Uniform Commercial Code are used herein with such meanings. All
            Collateral financed by DFS, and all proceeds thereof, will be held
            in trust by Dealer for DFS, with such proceeds being payable in
            accordance with this Agreement."

      2. DFS and Dealer agree that the following paragraph is incorporated into
the Agreement as if fully and originally set forth therein;

      "7.1 Financial Covenants. Dealer will

                                       1
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            (a) At all times maintain a Consolidated Net Worth of not less than
            the amounts specified below at the end of each of Dealer's fiscal
            quarters as indicated:

                                         Required Net Worth
            Fiscal Quarter(s)Ending on    Quarter-end Date
            --------------------------    ----------------
            06/30/99                       $   60,000,000
            09/30/99                       $   60,000,000
            12/31/99                       $   76,000,000
            03/31/00                       $   76,000,000
            06/30/00                       $   76,000,000
            09/30/00                       $   76,000,000
            12/31/00                       $   96,000,000
            03/31/01                       $   96,000,000
            06/30/01                       $   96,000,000
            09/30/01                       $   96,000,000
            12/31/01 and each fiscal
            quarter thereafter             $  120,000.000

            (b) As of each date indicated below, for the twelve months ending on
            that date, Dealer shall maintain the Consolidated Net Income
            indicated:

            Fiscal Quarter(s)Ending     Required Net Income for Previous
                                        Four Quarters on Quarter-end Date
                                        ---------------------------------
            06/30/99                       $  12,000,000
            09/30/99                       $  12,000,000
            12/31/99                       $  16,000,000
            03/31/00                       $  16,000,000
            06/30/00                       5  16,000,000
            09/30/00                       $  16,000,000
            12/31/00                       S  20,000,000
            03/31/01                       5  20.000,000
            06/30/01                       $  20,000,000
            09/30/01                       $  20,000,000
            12/31/01 and each fiscal
            quarter thereafter             $  24,000,000

            For purposes of this paragraph: (i) 'Consolidated Net Worth' means,
            at any date as of which the amount thereof shall be determined, the
            consolidated total assets of the Dealer and its affiliates, less the
            consolidated total liabilities of the Dealer and its affiliates; and
            (ii ) (ii) 'Consolidated Net Income' means the net income (or
            deficit) from operations of the Dealer and its affiliates, after
            taxes. The foregoing terms shall be determined in accordance with
            generally accepted accounting principles consistently applied"

      All other terms as they appear in the Agreement to the extent consistent
with the foregoing, are ratified and remain unchanged and in full force and
effect.

                                       2
<PAGE>

      IN WITNESS WHEREOF, Dealer and DFS have executed this Amendment to
Agreement for Wholesale Financing this 5th day of November, 1999.

                                    PC CONNECTION, INC.,

ATTEST:                             By: /s/ Jack L. Ferguson
                                       ------------------------------
----------------------              Title: Treasurer
(Assistant) Secretary                     ---------------------------

                                    DEUTSCHE FINANCIAL SERVICES CORPORATION

                                    By:
                                       ------------------------------
                                    Title:
                                          ---------------------------

                                       3
<PAGE>

      IN WITNESS WHEREOF, Dealer and DFS have executed this Amendment to
Agreement for Wholesale Financing this 5th day of November, 1999.

                                    PC CONNECTION, INC.,

ATTEST:                             By: /s/ Jack L. Ferguson
/s/ [ILLEGIBLE]                        ------------------------------
----------------------              Title: Treasurer
(Assistant) Secretary                     ---------------------------

                                    DEUTSCHE FINANCIAL SERVICES CORPORATION

                                    By:
                                       ------------------------------
                                    Title:
                                          ---------------------------
<PAGE>

                       [LETTERHEAD OF PC CONNECTION INC.]

November 15, 1999

Mr. Christopher M. Renzi
Business Development Manager
Deutsche Financial Services Corporation
100 River Ridge Drive, Suite 202
Norwood, MA 02062

Dear Chris:

I enclose the following:

1.    Copy of Amendment to Agreement for Wholesale Financing with my original
      signature.
2.    Fax copy of Steve Markiewicz's attest signature (he is in a different
      locations, and he faxed the last page with his signature).
3.    Copy of Agreement with Steve Markiewicz's original signature thereon.

I was out of the office all last week due to the death of my mother and was
unable to send this out earlier.

Yours truly,

/s/ Jack

Jack L. Ferguson.
Treasurer, Director of Finance

JLF:eg
Enclosures

                                       5

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