Document:

ASSET SALE AGREEMENT
                              --------------------

THIS AGREEMENT is made and entered into this 29th day of September, 2005, among
Gift Liquidators, Inc., an Oklahoma corporation (hereinafter referred to as the
"Seller") and Laid Back Enterprises Corp., an Oklahoma corporation (hereinafter
referred to as the "Buyer").

WHEREAS, Seller is the owner of certain liquidation inventory purchased over the
last several years from Buyer; and

WHEREAS, Seller desires to sell and Buyer desires to purchase all of the
inventory in exchange for the cancellation of the indebtedness due Buyer from
Seller and upon the terms and conditions contained herein; and

WHEREAS, Seller has performed a present value calculation of the complete and
immediate sales value of the inventory taking into account the stale nature of
the inventory, the time in which the Seller estimates that the inventory will
take to sell and discounting the same to a present value, and following such
determination, Seller and Buyer agree that the present value of the inventory
does not exceed the amount of the indebtedness owned by Seller to Buyer;

NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are acknowledged, the parties hereto agree as
follows:

1. Purchase and Sale of Assets. On the terms and subject to the conditions set
forth in this Agreement, Seller agrees to sell, assign, transfer and deliver to
Buyer and Buyer agrees to purchase from the Seller all of Seller's inventory and
miscellaneous other assets listed on Exhibit "A" attached hereto and made a part
hereof (the "Assets").

2. Purchase Price and Delivery. The total purchase price shall be the
cancellation of the indebtedness due from Seller to Buyer in the amount of
$50,485.

3. Closing. Closing shall occur on September 29, 2005, effective August 31,
2005, at the offices of Seller's attorneys at 3033 N.W. 63rd Street, Suite 200,
Oklahoma City, Oklahoma at 10:00 a.m. unless a different date or time is agreed
to by the parties in writing in advance. Failure to close on said date or on any
extension date agreed to in writing by the parties shall terminate this
Agreement.

4. Termination of Agreements. Effective at Closing, the parties agree that the
Administrative Services Agreement and the Tax Sharing Agreement entered into
between the parties December 20, 2002 are terminated and will be of no further
force or effect and each party releases the other from any and all liability and
responsibility under the same.

5. Representations and Warranties of Seller. The Seller represents and warrants
to the Buyer that:

<PAGE>

(a) Ownership of Seller's Assets. The Seller is the exclusive owner of the
Assets. The Seller possesses good title to the Assets and own the Assets free
and clear of any and all security interests, agreements, restrictions, claims,
liens, pledges and encumbrances of any nature or kind. The Seller has the
absolute and unconditional right to sell, assign, transfer and deliver the
Assets to the Buyer in accordance with the terms of this Agreement.

(b) Validity of Agreement. The Seller has the legal capacity and authority to
enter into this Agreement. This Agreement is a valid and legally binding
obligation of the Seller and is fully enforceable against the Seller in
accordance with its terms, except as such enforceability may be limited by
general principles of equity, bankruptcy, insolvency, moratorium and similar
laws relating to creditors' rights generally.

(c) Agreement Not in Conflict with Other Instruments; Required Approvals
Obtained. The execution, delivery and performance of this Agreement by the
Seller and the consummation of the transactions contemplated by this Agreement
will not: (a) violate or require any registration, qualification, consent,
approval, or filing under, (i) any law, statute, ordinance, rule or regulation
(hereinafter collectively referred to as "Laws") of any federal, state or local
government (hereinafter collectively referred to as "Governments") or any
agency, bureau, commission or instrumentality of any Governments (hereinafter
collectively referred to as "Governmental Agencies"), or (ii) any judgment,
injunction, order, writ or decree of any court, arbitrator, Government or
Governmental Agency by which the Assets are bound; (b) conflict with, require
any consent, approval, or filing under, result in the breach or termination of
any provision of, constitute a default under, result in the acceleration of the
performance of the Seller's obligations under, or result in the creation of any
claim security interest, lien, charge, or encumbrance upon any of the Assets
pursuant to, (i) any indenture, mortgage, deed of trust, license, permit,
approval, consent, franchise, lease, contract or other instrument or agreement
to which the Seller is party or (ii) any judgment, injunction, order, writ or
decree of any court, arbitrator, Government or Governmental Agency by which the
Seller or any of the Assets are bound.

(d) Legal Proceedings. There is no action, suit, proceeding, claim, arbitration
or investigation by any Government, Governmental Agency or other Person (a)
pending or threatened to which the Assets are subject, (b) challenging the
Seller's right to execute, acknowledge, seal, deliver, perform under or
consummate the transactions contemplated by this Agreement, or (c) asserting any
right with respect to any of the Seller's Assets and there is no basis for any
such action, suit, proceeding, claim, arbitration or investigation.

(e) No Brokerage. The Seller has not incurred any obligation or liability,
contingent or otherwise, for brokerage fees, finder's fees, agent's commissions
or the like in connection with this Agreement or the transactions contemplated
hereby.
<PAGE>

6. Representation and Warranties of Buyer. The Buyer represents and warrants to
Seller that:

(a) Inspection of Assets Complete. The Buyer has prior to signing this
Agreement, physically inspected the Assets location as listed in Exhibits "A"
and acknowledges the accuracy of said list.

(b) Condition of Assets. The Assets being transferred hereby as listed on
Exhibits "A" are being purchased in an "as is" condition.

(c) Validity of Agreement. The Buyer has the legal capacity and authority to
enter into this Agreement. This Agreement is a valid and legally binding
obligation of the Buyer and is fully enforceable against the Buyer in accordance
with its terms, except as such enforceability may be limited by general
principles of equity, bankruptcy, insolvency, moratorium and similar laws
relating to creditors' rights generally.

(d) No Brokerage. The Buyer has not incurred any obligation or liability,
contingent or otherwise, for brokerage fees, finder's fees, agent's commissions
or the like in connection with this Agreement or the transactions contemplated
hereby.

7. Severability. The agreements and covenants contained herein are severable,
and in the event any of them shall be held to be invalid by a court of competent
jurisdiction, this Agreement shall be interpreted as if such invalid agreements
or covenants were not contained herein.

8. Amendment and Modifications. This Agreement may be amended or modified only
by writing, executed and delivered by the parties hereto.

9. Notices. Any notice under this Agreement shall be given in writing to the
party to whom the notice is addressed, personally or by certified mail, return
receipt requested, or by private carrier, at the addresses as may hereafter by
furnished in writing by any party hereto. Receipt of any notice sent pursuant to
this paragraph shall be the date of personal delivery of such notice or, if
mailed, three (3) business days after mailing of such notice, or if by private
carrier, one (1) business day after sending of such notice, provided such
delivery or mailing is in accordance with the terms of this paragraph.

10. Captions. All captions contained herein are for convenience of reference
only and shall not affect the meaning, substance or construction of any of the
provisions or terms hereof.

11. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall, for all purposes of this Agreement, be deemed an original,
but all of which shall constitute one and the same agreement.

12. Binding Effect. This Agreement shall be binding upon, and shall inure to the

<PAGE>

benefit of, the respective parties hereto, their successors, legal
representatives, heirs and, to the extent herein permitted, assigns.

13. Governing Law. This Agreement and any performance hereunder shall be
construed and enforced in accordance with, and governed by, the internal laws
(as opposed to the conflicts of laws provision) of the State of Oklahoma.

14. Time. Time is of the essence of this Agreement.

15. Amendment. Neither this Agreement or any term or provision hereof may be
changed, waived, discharged, amended, modified or terminated orally, or in any
manner other than by an instrument in writing signed by the parties hereto.

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement on
the day and year first above written.

         "SELLER":                  GIFT LIQUIDATORS, INC.

                                    By: /s/ Max Colclasure
                                    Max Colclaure, President

         "BUYER":                   LAID BACK ENTERPRISES CORP.

                                    By: /s/ Ronald Hurt
                                    Ronald Hurt, Vice Presidentsettlement agreement

    

      CONFIDENTIAL
        TREATMENT REQUESTED BY MERISEL, INC.

      EXHIBIT
        10.27

       

      Settlement
        Agreement and Mutual General Release

       

      This
        Settlement Agreement and Mutual General Release (“Agreement”) is made and
        entered into as of the 3rd day of February 2005, by and between Merisel,
        Inc.
        and Merisel Americas, Inc. (“Merisel”) and Timothy Jenson, Tina Wurtz, Craig
        Wurtz, John Low, D&H Services, LLC (“D&H”), and TDH Enterprises, LLC
        (“TDH”). Each is referred to herein as a “Party,” and collectively, as “the
        Parties.”

      Recitals

       

      WHEREAS,
        on November 30, 2004, Merisel commenced an action against Mr. Jenson, Ms.
        Wurtz,
        Mr. Wurtz, John Low, D&H and TDH in the Superior Court of Los Angeles
        County, California under Case Number Case No. BC 325224, bearing the caption
        Merisel,
        Inc., et al. v. Jenson, et. al,
        asserting claims arising out of a the sale of certain assets and liabilities
        of
        Merisel to D&H in August 2004 (the “Original Action”);

       

      WHEREAS,
        on January 10, 2005, Timothy Jenson filed a Cross-Complaint in the Original
        Action asserting claims arising from various contracts between Merisel and
        Mr.
        Jenson, as well as claims for fraud in the inducement, negligent
        misrepresentation, common count, work, labor services, violations of labor
        code,
        conversion, invasion of privacy, defamation, intentional infliction of emotional
        distress, and negligent infliction of emotional distress (“Cross-Complaint”)
        (collectively with the Original Action, “Actions”);

       

      WHEREAS,
        the Parties wish to complete the settlement, compromise, and resolution of
        the
        claims raised in the Actions, on the terms and subject to the conditions
        stated
        herein;

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      The
        Parties, in consideration of the covenants contained herein, and in
        consideration and exchange of the following consideration, hereby stipulate
        and
        agree as follows:

      Terms
        and Conditions

       

      1.0  Nature
        of Agreement

      Except
        as
        otherwise expressly provided herein, this Agreement, and the monies, documents,
        and/or instruments to be paid, exchanged, and/or filed with the court,
        constitute a fully executed settlement, accord and satisfaction, and general
        and
        special release of any and all claims and disputes by and between the Parties
        for claims now existing or hereinafter that may arise in regard to, or which
        in
        any way relate to or arise out of, the Actions.

       

      2.0  Settlement
        Obligations.

       

      2.1  Merisel,
        Ms. Wurtz, and D&H agree to terminate and rescind the Purchase Agreement
        between D&H and Merisel Americas, Inc., which closed on August 18, 2004
        (“the Purchase Agreement”). Mr. Jenson, Mr. Wurtz, Mr. Low and TDH each
        represent and warranty that they have no direct or indirect interest in D&H
        or the Purchase Agreement.

      2.2  Ms.
        Wurtz
        and D&H agree to execute documents releasing any direct or indirect claims
        to title they may have to all assets and liabilities listed on Schedule A
        hereto. Mr. Jenson, Mr. Wurtz, Mr. Low and TDH each represent and warranty
        that
        they have no direct or indirect interest in the assets and liabilities listed
        on
        Schedule A hereto. 

       

      2.3  D&H
        agrees to pay to Merisel one million, five hundred, forty thousand, eight
        hundred twenty-nine dollars and forty-nine cents ($1,540,829.49). D&H shall
        wire such funds to an escrow account to be established by [*], and [*] shall
        release the funds to Merisel seven (7) days after completion of the obligations
        of Section 2. 

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      2.4  The
        collective obligations of Sections 2.1, 2.2, and 2.3 constitute a full
        settlement of all of Merisel’s claims, damages, attorneys’ fees and costs.

       

      2.5  Merisel,
        Inc. agrees to pay Timothy Jenson [*], as may be adjusted pursuant to Section
        5
        of this Agreement, which payment, along with the obligations of Sections
        2.1,
        constitutes a full settlement of all of Jenson’s claims, damages, attorneys’
        fees and costs. Merisel shall wire this sum of money into the trust account
        of
        [*], and [*] shall release the funds to Mr. Jenson seven (7) days after the
        completion of the obligations of Section 2. 

       

      2.6  Merisel
        agrees to assume and pay all liabilities and obligations transferred to D&H
        pursuant to the Purchase Agreement. 

       

      2.7  Merisel
        agrees to file a request for dismissal with prejudice of the Original Action
        and
        all causes of action pleaded therein.

       

      2.8  Jenson
        agrees to file a request for dismissal with prejudice of the Cross-Complaint
        and
        all causes of action pleaded therein. 

       

      2.9  The
        Parties agree that they will cooperate to execute all papers and documents
        as
        may be necessary and proper to fulfill the terms and conditions of this
        Agreement.

       

      3.0  Release
        of Claims.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      3.1  The
        Parties, and each of them, on their own behalf and on behalf of their current
        and former employees, representatives, companies, corporations, business
        entities, officers, directors, shareholders, partners, joint venturers,
        insurers, trustees, executors, creditors, agents, attorneys, heirs, dependents,
        predecessors, successors, assigns, parents, subsidiaries, affiliates, related
        companies, and controlling persons, past and present, and each of them, hereby
        release and forever discharge the other Parties, and each of their respective
        current and former employees, representatives, companies, corporations, business
        entities, officers, directors, shareholders, partners, joint venturers,
        insurers, trustees, executors, creditors, agents, attorneys, heirs, dependents,
        predecessors, successors, assigns, parents, subsidiaries, affiliates, related
        companies, and controlling persons, past and present, and each of them, of
        and
        from all claims, liabilities, demands, damages, actions, and causes of action,
        at law or in equity, of every kind and nature, including claims for attorneys’
        fees or costs, whether known or unknown, existing, claimed to exist or which
        may
        hereafter arise.

       

      3.2  Specific
        Release of Employment Related Claims:

      In
        addition to the release of Section 3.1, Mr. Jenson, his respective current
        and
        former employees, representatives, companies, corporations, business entities,
        officers, directors, shareholders, partners, joint venturers, insurers,
        trustees, executors, creditors, agents, attorneys, heirs, dependents,
        predecessors, successors, assigns, parents, subsidiaries, affiliates, related
        companies, and controlling persons, past and present, and each of them,
        specifically forever release and discharge:

       

      3.2.1  [*]
        

       

      3.2.2  [*]

       

      3.2.3  any
        and
        all claims arising under the Employee Retirement Income Security Act of 1974,
        the Civil Rights Acts of 1866 and 1867, Title VII of the Civil Rights Act
        of
        1964, as amended, the Civil Rights and Women’s Equity Act of 1991, Sections 1981
        through 1988 of Title 42 of the United States Code, as amended, the Occupational
        Safety and Health Act of 1970, the Consolidated Omnibus Budget Reconciliation
        Act of 1985, the Family and Medical Leave Act of 1993, the Worker Adjustment
        and
        Retraining Notification Act of 1988, the Vocational Rehabilitation Act of
        1973,
        the Equal Pay Act of 1963, the Americans with Disabilities Act, the Fair
        Labor
        Standards Act and the National Labor Relations Act, as amended, the California
        Fair Employment and Housing Act, the California Workers’ Compensation Act, the
        California Unruh and Ralph Civil Rights Act, the California Alcohol and Drug
        Rehabilitation Law, the California Equal Pay Law, any other federal or state
        anti-discrimination law or any local or municipal ordinance relating to
        discrimination in employment or human rights and under the common
        law.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      3.2.4  any
        and
        all claims for salary, bonus, severance pay, pension, vacation pay, life
        insurance, health or medical insurance, or any other fringe benefits, other
        than
        the payments and benefits provided for in or in accordance with the Agreement.
        

       

      3.2.5  any
        and
        all claims arising out of any other laws and regulations relating to employment
        or employment discrimination. 

       

      3.2.6  any
        and
        all claims for attorneys’ fees and costs.

       

      3.3  ADEA
        Release.
        In
        addition to the releases of Sections 3.2 and 3.3, Mr. Jenson, in consideration
        of the promises of the Merisel set forth in this Agreement, also hereby releases
        and discharges Merisel from any and all claims that Mr. Jenson may have against
        Merisel arising under the U.S. Age Discrimination in Employment Act of 1967,
        as
        amended, and the applicable rules and regulations promulgated thereunder
        (“ADEA”). Mr. Jenson acknowledges that he understands that the ADEA is a federal
        statute that prohibits discrimination on the basis of age in employment,
        benefits and benefit plans. Mr. Jenson also understands that, by signing
        this
        Agreement, he is waiving all claims against Merisel, as well as any of its
        each
        of its current and former employees, representatives, companies, corporations,
        business entities, officers, directors, shareholders, partners, joint venturers,
        insurers, trustees, executors, creditors, agents, attorneys, heirs, dependents,
        predecessors, successors, assigns, parents, subsidiaries, affiliates, related
        companies, and controlling persons, past and present, and each of
        them

       

      By
        signing this Agreement, Mr. Jenson hereby acknowledges and confirms the
        following:

       

      3.3.1  He
        is
        providing the release and discharge set forth in this Agreement in exchange
        for
        consideration in addition to anything of value to which Mr. Jenson is already
        entitled.

       

      3.3.2  Mr.
        Jenson was advised by the Company in writing to consult with an attorney
        of his
        choice prior to signing this Agreement and to have such attorney explain
        to him
        the terms of this Agreement including, without limitation, the terms relating
        to
        his release of claims arising under the ADEA.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      3.3.3  Mr.
        Jenson has read this Agreement carefully and completely and understands each
        of
        the terms thereof.

       

      3.3.4  Mr.
        Jenson is aware that he has twenty-one (21) days in which to consider the
        terms
        of the release contained in this Agreement. To the extent he has executed
        this
        Agreement within less than twenty-one (21) days after its delivery to him,
        Mr.
        Jenson hereby acknowledges that his decision to execute this Agreement prior
        to
        the expiration of such twenty-one (21)-day period was entirely voluntary.
        For a
        period of seven (7) days following the date of Mr. Jenson’s execution and
        delivery of this Agreement, Mr. Jenson has the right to revoke the release
        contained in this Section (the “Revocation Period”). In the event that Mr.
        Jenson exercises his right to revoke the release contained in this Section,
        this
        Agreement will terminate as to all Parties and be of no further effect, with
        no
        liability to any of the Parties. The Revocation Period shall expire at 5:00
        p.m.
        California time on the last day of the Revocation Period; provided,
        however,
        that if
        such seventh day is not a business day, the Revocation Period shall extend
        to
        5:00 p.m. on the next succeeding business day. No such revocation by Mr.
        Jenson
        shall be effective unless it is in writing and signed by Mr. Jenson and received
        by Merisel prior to the expiration of the Revocation Period.

       

      3.3.5  As
        set
        forth in section 7(f)(1)(C) of the ADEA, as added by the Older Workers Benefit
        Protection Act of 1990, Employee understands that Employee is not waiving
        any
        rights or claims provided under ADEA that may arise after this Agreement
        is
        executed by Employee.

       

      3.4  In
        addition to the release of Section 3.1, Merisel, its respective current and
        former employees, representatives, companies, corporations, business entities,
        officers, directors, shareholders, partners, joint venturers, insurers,
        trustees, executors, creditors, agents, attorneys, heirs, dependents,
        predecessors, successors, assigns, parents, subsidiaries, affiliates, related
        companies, and controlling persons, past and present, and each of them,
        specifically forever release and discharge:

       

      3.4.1  [*]

       

      3.4.2  [*]
        

       

      3.4.3  any
        and
        all claims payments of any kind, other than the payments and benefits provided
        for in or in accordance with the Agreement. 

       

      3.4.4  [*]
        

       

      3.4.5  any
        and
        all claims for attorneys’ fees and costs.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      3.5  The
        Parties specifically understand, acknowledge, and agree that this is a full
        and
        final release of all claims described herein, whether known or unknown, and
        whether or not included in the pleadings of the Actions. The Parties therefore
        hereby expressly and voluntarily waive all rights or benefits which each
        respective Party might otherwise have under California Civil Code Section
        1542,
        which provides:

       

      A
        general
        release does not extend to claims which the creditor does not know or suspect
        to
        exist in his favor at the time of executing the release, which if known by
        him
        must have materially affected the settlement with the debtor.

       

      The
        Parties further expressly and voluntarily waive any substantially similar
        or
        equivalent statutory, common law, or equitable rights or benefits arising
        under
        the laws of any other jurisdiction. The Parties acknowledge that claims or
        facts
        in addition to or different from those which are now known or believed to
        exist
        may later be discovered with respect to any claim, liability, demand, damage,
        action or cause of action that they, or any of them, may possess against
        each
        other, or their respective current and former employees, representatives,
        companies, corporations, business entities, officers, directors, shareholders,
        partners, joint venturers, insurers, trustees, executors, creditors, agents,
        attorneys, heirs, predecessors, successors, assigns, parents, subsidiaries,
        affiliates, related companies, and controlling persons, past and present,
        and
        each of them, but each Party nevertheless intends this release to be effective
        as a full, general release.

       

      3.6 This
        Agreement is in full settlement, accord, satisfaction, and discharge of all
        of
        the claims described herein. This Agreement has been executed with the express
        intention of effectuating the full and final extinguishment of all such
        claims.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      4.0  Responsibility
        for Fees and Costs

      Each
        of
        the Parties shall bear and be responsible for his or its own attorneys’ fees and
        costs associated with the matters and disputes that are the subject matter
        of
        this Agreement.

       

      5.0  Tax
        Responsibilities

       

      5.1  The
        payment of [*] by Merisel, Inc. to Mr. Jenson in Section 2.5 consists of
        the
        following: 

       

      5.1.1  [*]
        that
        currently is being held in an account for Mr. Jenson pursuant to the [*].
        Timothy
        Jenson and Merisel acknowledge that [*] of this amount had FICA and Medicare
        taxes withheld when it was placed in the [*]. Merisel shall withhold
        from the remaining amount any applicable federal, state and local income
        taxes,
        and any FICA, Medicare and other payroll deduction
        that it
        is required to pay by law in accordance with the Internal Revenue Service
        Form
        W-4 with respect to Mr. Jenson on the date of payment contemplated by this
        Section.

       

      5.1.2  Two
        hundred thousand dollars ($200,000.00) in severance
        pay to Mr.
        Jenson.
        Merisel
        shall
        withhold
        from this amount any applicable federal, state and local income taxes, and
        any
        FICA, Medicare and other payroll deduction that it is required to pay by
        law in
        accordance with the Internal Revenue Service Form W-4 with respect to Mr.
        Jenson
        on the date of payment contemplated by this Section. 

       

      5.1.3  Fifteen
        thousand, six hundred forty-four dollars ($15,644.00) in COBRA reimbursement.
        Merisel
        shall withhold from this amount any applicable federal, state and local income
        taxes, and any FICA, Medicare and other payroll deduction that is required
        by
        law in accordance with the Internal Revenue Service Form W-4 with respect
        to Mr.
        Jenson on the date of payment contemplated by this Section. 

       

      5.1.4  [*]
        Merisel
        shall withhold from this amount any applicable federal, state and local income
        taxes, and any FICA, Medicare and other payroll deduction that it is required
        to
        pay by law in accordance with the Internal Revenue Service Form W-4 with
        respect
        to Mr. Jenson on the date of payment contemplated by this Section. 

       

      6.0  Denial
        of Liability

       

      6.1  Each
        Party denies any liability to any other Party, or any other individual or
        entity, concerning the claims described in the Actions and in the releases
        of
        Section 3, above. Each Party acknowledges that each other Party continues
        to
        deny liability, disclaim responsibility, and dispute the factual allegations
        claimed by any other Party.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      7.0  Warranties

       

      7.1  Each
        of
        the Parties respectively represents and warrants that no other person or
        entity
        has claimed or now claims any interest in the subject of this Agreement,
        and
        that no right, claim, liability, demand, damage, action or cause of action,
        or
        any part thereof, of any kind or nature covered by this Agreement, has been
        sold, assigned, granted or otherwise transferred to any other person or
        entity.

       

      7.2  Mr.
        Jenson, Ms. Wurtz, Mr. Wurtz, Mr. Low, D&H, TDH and each of them, represent
        that, except as represented on Schedule B to this Agreement, they have not
        collected, received, or otherwise acquired any payments on accounts receivable,
        payments on notes or loans, interest payments, tax refunds, or any other
        monetary gain from their interest in the assets and liabilities listed on
        Schedule A to this Agreement. Should any of these persons and entities become
        aware of any such payment, refund or other monetary gain, they will reimburse
        Merisel for that amount within ten (10) days of discovery thereof.

       

      7.3  Merisel
        represents and warranties that the check it issued to Mr. Jenson on November
        22,
        2004 for [*] has cleared Merisel’s bank account as of the date of this
        Agreement. 

       

      7.4  Each
        person executing this Agreement on behalf of the Party for whom he purports
        to
        act, represents and warrants that he is duly authorized to execute this
        Agreement on behalf of such Party.

       

      7.5  Each
        of
        the Parties represents and warrants that each has read and understands this
        Agreement, and that no promise, inducement, representation or agreement not
        expressly set forth herein has been made to them in connection with this
        Agreement. The Parties agree that, prior to the execution of this Agreement,
        they have apprised themselves of sufficient relevant data, through resources
        of
        their own selection, and have consulted with their respective counsel, in
        order
        that they might intelligently exercise their judgment in deciding whether
        to
        execute this Agreement. The Parties agree that this Agreement is executed
        voluntarily and without duress or undue influence of any nature
        whatsoever.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      8.0  Cooperation
        By Parties

      The
        Parties hereby acknowledge that Merisel’s auditors and other outside
        professionals may need to inquire into various matters arising during the
        period
        that Mr. Jenson was CEO and President of Merisel. All Parties hereby covenant
        and agree to provide reasonable cooperation to such professionals as requested.
        

       

      9.0  Enforcement
        of Agreement

      It
        is
        specifically understood and agreed that this Agreement may be pleaded as
        a full
        and complete defense to and may be used as the basis for an injunction against
        any action, arbitration, suit or other proceeding that may be instituted,
        prosecuted or attempted in breach of this Agreement. In the event that
        litigation is necessary to enforce a provision or provisions of this Agreement,
        all costs and attorneys’ fees shall be paid by the non-prevailing Party or
        Parties to the prevailing Party or Parties.

       

      10.0  Confidentiality

       

      10.1  The
        Parties agree to
        treat
        [*] and all
        “Confidential
        Information”
        (as
        defined below)
        as
        confidential matters not to be disclosed to third parties.“Confidential
        Information”
        means
        all data, information and materials related to the any Party or any subsidiary,
        affiliate, related entity, division or any of their respective partners,
        members, employees, consultants, portfolio companies, or business associates
        thereof which are not generally known or available to the public or so known
        only through improper means whether oral, graphic, written, electronic or
        in
        machine readable form, including [*]. 

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      10.2  Protection
        of Confidential Information.
        The
        Parties and their related representatives, officers, directors, affiliates,
        agents, attorneys, assigns, parents, subsidiaries, related companies and
        related
        persons will not, directly or indirectly, use, make available, sell, disclose
        or
        otherwise communicate to any third party any Confidential Information. The
        Parties are aware that the unauthorized disclosure of Confidential Information
        may be highly prejudicial to other Parties’ interests, an invasion of privacy,
        and an improper disclosure of trade secrets. Without limiting the foregoing,
        the
        Parties shall not make copies of, or otherwise reproduce, Confidential
        Information unless there is a legitimate need of the Party for reproduction.
        The
        Parties will take all appropriate steps to safeguard and protect the
        Confidential Information. 

       

      10.3  Delivery
        of Confidential Information.
        Each
        party acknowledges that all Confidential Information is and shall remain
        the
        sole, exclusive and valuable property of the Party to which it belongs and
        that
        any other Party shall not have and shall not acquire any right, title or
        interest therein. Any and all printed, typed, written or other material which
        any Party has or may obtain with respect to Confidential Information (including
        without limitation all copyrights therein) shall be and shall remain the
        exclusive property of the originating Party. Each
        Party understands, however, that any Party may have a legal obligation not
        to
        destroy documents it currently has in its possession, and may be required
        by law
        to produce those documents or reveal the contents of those documents, regardless
        of any Party’s view as to whether those documents are the property of another
        Party.

       

      10.4  Public
        Disclosure.
        The
        Parties acknowledge that Merisel, Inc. is a publicly traded company and subject
        to certain disclosure requirements. Despite anything in this Agreement to
        the
        contrary, the Parties may disclose any Confidential Information to the extent
        it
        is required by law. 

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      11.0  Press
        Release and 8K

      Upon
        execution of this Agreement, Merisel, Inc. will issue a press release announcing
        the fact of this settlement, and file a corresponding 8K. The content of
        the
        press release, as agreed to by the Parties, is set forth in Schedule C hereto.
        

       

      12.0  [*]

       

      13.0  Public
        Disclosure

          [*]

       

      14.0  Good
        Faith

      This
        Agreement represents a good faith compromise of disputed claims and is not
        and
        shall not be considered, regarded or described as an admission of liability
        or
        responsibility by any of the Parties.

       

      15.0  Entire
        Agreement; Modification and Amendment

      This
        Agreement constitutes the entire agreement between the Parties, and supersedes
        any and all prior oral and written agreements and understandings. The Agreement
        may not be altered, amended, or modified or otherwise changed in any respect
        whatsoever except by a writing duly executed by the Parties or their authorized
        representatives.

       

      16.0  Titles,
        Captions, and Provisions.

       

      16.1  All
        of
        the provisions of this Agreement are contractual and not mere recitals, and
        shall be considered severable, such that if any provision or part hereof
        shall
        at any time be held under any law or ruling to be invalid, such provision
        or
        part shall remain in force to the extent allowed by law, and all other
        provisions shall remain in full force and effect and enforceable.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      16.2  The
        Recitals set forth above shall be merged in and is part of this Agreement,
        and
        the titles or captions contained in this Agreement are inserted only as a
        matter
        of convenience and for reference and in no way define, limit, extend or describe
        the scope of this Agreement or the intent of any provision herein.

       

      17.0  Construction
        and Jurisdiction

      This
        Agreement shall be construed and enforced according and pursuant to the laws
        of
        the State of California. The Parties agree to the exclusive jurisdiction
        of the
        Los Angeles County Superior Court to enforce the provisions of this Agreement.
        

       

      18.0  Drafting
        and Interpretation

      The
        Parties agree that the terms and conditions expressed herein have been
        negotiated and that no ambiguity shall be construed against any Party.

       

      19.0  Execution
        and Counterparts

      This
        Agreement may be executed in one or more counterparts and by facsimile
        signatures, which, taken together, shall constitute a single document
        representing the whole of the agreement between the Parties.

       

       

      IN
        WITNESS WHEREOF,
        the
        undersigned have executed this Agreement on the respective dates set forth
        below:

      
        	 	 	 
	 	MERISEL,
                INC.
	 
 	 
 	 
 
	Date:
                February 03, 2005	By:  	/s/ Donald
                R. Uzzi
	 	
                

                Donald R. Uzzi
	 	Title:
                President and CEO of Merisel, Inc.

      

       

      
        	 	 	 
	 	MERISEL
                AMERICAS, INC.
	 
 	 
 	 
 
	Date:
                February 03, 2005	By:  	/s/ Donald
                R. Uzzi
	 	
                

                Donald R. Uzzi
	 	Title:
                President and CEO of Merisel Americas,
                Inc.

      

      
         

         

         

      

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

          CONFIDENTIAL
            TREATMENT REQUESTED BY MERISEL, INC.

        

      

       

      
        	 	 	 
	 	 
	 
 	 
 	 
 
	Date:
                February 03, 2005	By:  	/s/ Timothy
                Jenson
	 	
                

                Timothy Jenson
	 	 

      

      
         

        
          	 	 	 
	 	 
	 
 	 
 	 
 
	Date: February
                  03, 2005	By:  	/s/ Tina
                  Wurtz
	 	
                  

                  Tina Wurtz
	 	 

        

      

      

      
        	 	 	 
	 	 
	 
 	 
 	 
 
	Date: February
                03, 2005	By:  	/s/ Craig
                Wurtz
	 	
                

                Craig Wurtz
	 	 

      

       

      
        	 	 	 
	 	 
	 
 	 
 	 
 
	Date: February
                03, 2005	By:  	/s/ John
                Low
	 	
                

              
	 	Title: John
                Low

      

       

      
        
          	 	 	 
	 	D&H
                  Services, LLC
	 
 	 
 	 
 
	Date: February
                  03, 2005	By:  	/s/ Tina
                  Wurtz
	 	
                  

                  Tina Wurtz
	 	 

        

      

      
         

        
          	 	 	 
	 	TDH
                  Enterprises, LLC
	 
 	 
 	 
 
	Date: February
                  03, 2005	By:  	/s/ Timothy
                  Jenson
	 	
                  

                  Timothy Jenson
	 	 

        

      

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      
        
           

        

        
          
            14

          

          
            

          

        

        
          
            CONFIDENTIAL
              TREATMENT REQUESTED BY MERISEL, INC.

          

        

      

       

      APPROVED
        AS TO FORM BY:

       

      
      

      
      

      
        	 	 	 
	 	SHEARMAN
                & STERLING, LLP
	 
 	 
 	 
 
	Date: February
                03, 2005	By:  	/s/ Alan
                S. Goudiss
	 	
                

                Alan S. Goudiss
	 	Attorneys
                for Merisel, Inc. and Merisel Americas,
                Inc.

      

       

      
        
          	 	 	 
	 	SMITH,
                  CHAPMAN & CAMPBELL
	 
 	 
 	 
 
	Date: February
                  03, 2005	By:  	/s/ Steven
                  Smith
	 	
                  

                  Steven Smith
	 	Attorneys
                  for Timothy Jenson and TDH Enterprises,
                  LLC.

        

      

       

      

       

      
        
          
            Settlement
              Agreement and General Release

             

            *
              BLANK
              SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
              WITH
              THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER
              THE
              SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

          

          
          

        

        
          15

          
            

          

        

        
          
          

          
          

          
            CONFIDENTIAL
              TREATMENT REQUESTED BY MERISEL, INC.

          

        

      

       

       

      
        	 	 	 
	 	JULANDER,
                BROWN & BOLLARD
	 
 	 
 	 
 
	Date: February
                03, 2005	By:  	/s/ William
                C. Bollard
	 	
                

                William C. Bollard
	 	Attorneys
                for Tina Wurtz, Craig Wurtz, John Low and D&H Services,
                LLC

       

      

      

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

      

      
        
          
          

        

        
          16

          
            

          

        

        
          
            CONFIDENTIAL
              TREATMENT REQUESTED BY MERISEL, INC.

          

        

      

    

    Schedule
      A

    

    D&H
      Services, LLC (“D&H”) and Tina Wurtz will transfer and deliver to Merisel
      Americas, Inc., subject to the terms and conditions of this Agreement, and
      Merisel Americas, Inc. shall accept from D&H and Tina Wurtz, all direct or
      indirect right, title and interest they may have in the following assets,
      without limitation:

    

    

    
      	1.  	
              The
                trademarks and patents that D&H obtained pursuant to the Purchase
                Agreement.

            

    

    

    
      	2.  	
              The
                tradenames, intellectual property and other intangible rights of
                whatever
                nature that D&H obtained pursuant to the Purchase
                Agreement.

            

    

    

    
      	3.  	
              Any
                machinery, equipment, supplies and furniture that D&H obtained
                pursuant to the Purchase Agreement of which it still has custody
                and
                control as of the date of this Agreement, along with any compensation
                received by D&H for any machinery, equipment, supplies and furniture
                that D&H obtained pursuant to the Purchase Agreement of which it no
                longer has custody or control.

            

    

    

    
      	4.  	
              All
                supplier lists, sales files, business development information, databases,
                price lists and pricing records and schedules, accounting records,
                rate
                records, sales literature, technical literature, information and
                know-how,
                general intangibles, licenses (to the extent transferred), trade
                association or other memberships (to the extent transferred), and
                any
                other books, documents, instruments and records transferred to D&H
                pursuant to the Purchase Agreement.

            

    

    

    
      	5.  	
              D&H’s
                interest in the customer lists that were purchased pursuant to the
                Purchase Agreement;

            

    

    

    
      	6.  	
              All
                receivables purchased pursuant to the Purchase Agreement that remain
                uncollected as of the date of this Agreement, as well as payment
                for any
                receivables collected after the date of the Purchase Agreement that
                are
                not reflected on Schedule B.

            

    

    

    
      	7.  	
              All
                goodwill transferred pursuant to the Purchase
                Agreement.

            

    

    

    
      	8.  	
              All
                issued and outstanding capital stock of the subsidiaries transferred
                pursuant to the Purchase Agreement;

            

    

    

    
      	9.  	
              All
                real property, or interests in real property, in the same condition
                as
                such property was transferred to D&H. These properties consist of the
                following:

            

    

    

    
      	·  	
              Operating
                Agreement between Merisel Properties, Inc. and DCF I, LLC dated as
                of
                February 2, 2004, as amended;

            

    

    

    
      	·  	
              Purchase
                Money Note dated May 20, 2002;

            

    

    

    
      	·  	
              Purchase
                Money Deed of Trust between Merisel Properties and DCF I, LLC dated
                May
                20, 2002;

            

    

    

    
      	·  	
              Construction
                Promissory Note dated May 20, 2002;

            

    

    

    
      	·  	
              Deed
                of Trust and Security Agreement between Merisel Properties and DCF
                I, LLC
                dated May 20, 2002;

            

    

    

    
      	·  	
              Construction
                Loan Agreement between Merisel Properties, Inc. Anthony Dilweg, and
                DCF I,
                LLC dated May 20, 2002 and related guaranty; and
                

            

    

    

    
      	·  	
              Agreement
                between Merisel Properties, Inc. and Creedmore Partners dated May
                12,
                2004.

            

    

    

    Mr.
      Jenson, Mr. Wurtz, Mr. Low and TDH each represent and warranty that they have
      no
      direct or indirect interest in any of the assets and liabilities listed
      above.

     

    
      
        Settlement
          Agreement and General Release

         

        *
          BLANK
          SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
          WITH
          THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
          SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        CONFIDENTIAL
          TREATMENT REQUESTED BY MERISEL, INC.

      

    

    

      Schedule
        B

      

      D&H
        Services, LLC (“D&H”) and Tina Wurtz represent and warranty that they have
        collected, received, or otherwise acquired the following payments on accounts
        receivable, payments on notes or loans, interest payments, tax refunds, or
        any
        other monetary gain from their interest in the assets and liabilities listed
        on
        Schedule A of this Agreement: 

      

      
        	·  	
                Cash
                  payment of $47,623, received from Merisel on or about August 25,
                  2004.

              

      

      
        	·  	
                Cash
                  payment of $1,715,177, received from Merisel on or about November
                  1,
                  2004.

              

      

      
        	·  	
                [*]
                  collection of $3,429, received on or about December 6,
                  2004.

              

      

      
        	·  	
                Check
                  from [*] for $4,670, received on or about January 27,
                  2005.

              

      

      
        	·  	
                [*]
                  interest payment in the amount of $8,554 received on or about December
                  6,
                  2004

              

      

      
        	·  	
                [*]
                  interest payment in the amount of $6,717 received on or about January
                  12,
                  2005

              

      

      

       

      Mr.
        Jenson, Ms. Wurtz, Mr. Wurtz, Mr. Low, D&H, TDH and each of them, represent
        that, except as represented above, they have not collected, received, or
        otherwise acquired any payments on accounts receivable, payments on notes
        or
        loans, interest payments, tax refunds, or any other monetary gain from their
        interest in the assets and liabilities listed on Schedule A to this Agreement.
        Should any of these persons and entities become aware of any such payment,
        refund or other monetary gain, they will reimburse Merisel for that amount
        within ten (10) days of discovery thereof.

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            CONFIDENTIAL
              TREATMENT REQUESTED BY MERISEL, INC.

          

        

      
        SCHEDULE
          C

        

        

        FOR
          IMMEDIATE RELEASE

         

                                                                                Contact:

                                                                                Chief
          Executive
          Officer

                                                                                (310)
          615-6850
 

        MERISEL
          AND FORMER CHIEF EXECUTIVE OFFICER SETTLE DISPUTE

        

        

        EL
          SEGUNDO, Calif. (February --, 2005) — Merisel, Inc. (the “Company” or “Merisel”)
          today announced that it has amicably settled its dispute with former President
          & Chief Executive Officer, Timothy N. Jenson, D&H Services, LLC
          (“D&H”) and other parties. The terms of the settlement are confidential. As
          part of the settlement, Mr. Jenson will receive certain cash payments,
          and
          D&H will transfer to Merisel Americas, Inc., a wholly owned operating
          subsidiary of Merisel, certain cash, assets and liabilities related to
          the
          Purchase Agreement between Merisel America, Inc. and D&H that closed in
          August 2004. 

        

        Except
          for the historical information contained herein, the matters discussed
          in this
          news release constitute forward-looking information that involves risks
          and
          uncertainties. Merisel’s actual results could differ materially from those
          indicated by the forward-looking information. Among the factors that could
          impact actual results are demand trends in the computer products industry,
          competitive issues, changes in manufacturer terms and conditions, and other
          items detailed in the company’s SEC filings.

         

        
          
            Settlement
              Agreement and General Release

             

            *
              BLANK
              SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
              WITH
              THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER
              THE
              SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

          

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            CONFIDENTIAL
              TREATMENT REQUESTED BY MERISEL, INC.

          

        

        

        Schedule
          D

        

        [*]

      

       

      
        
          Settlement
            Agreement and General Release

           

          *
            BLANK
            SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY
            WITH
            THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE
            SECURITIES EXCHANGE ACT OF 1934, AS
            AMENDED.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]