SEC Contract Filing

Filing Date: 2016-03-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.36
<SEQUENCE>3
<FILENAME>ex10_36.htm
<DESCRIPTION>EXHIBIT 10.36
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: Summit Financial Printing LLC
 Document created using EDGARfilings PROfile 4.0.0.0
 Copyright 1995 - 2016 Summit Financial Printing, LLC. All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" bgcolor="#ffffff" text="#000000">
<div>
<hr style="TEXT-ALIGN: center; BACKGROUND-COLOR: #000000; HEIGHT: 4px; COLOR: #000000; MARGIN-LEFT: auto; MARGIN-RIGHT: auto" noshade="noshade">
</div>

<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 10.36</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AMENDMENT NO. 1 TO</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ASSET PURCHASE AGREEMENT</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">This Amendment No. 1 (this &#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Amendment</u></font>&#8221;) to that certain Asset Purchase Agreement (the &#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Purchase Agreement</u></font>&#8221;), dated November 17, 2015, by and among Intelligent IT, Inc., a Delaware corporation (&#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>U.S. Purchaser</u></font>&#8221;), Acrodex Inc., an Alberta corporation (&#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Canadian Purchaser</u></font>&#8221; and, together with U.S. Purchaser, &#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Purchaser</u></font>&#8221;), PCM, Inc., a Delaware corporation and the ultimate parent of Purchaser (&#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>PCM</u></font>&#8221;), Systemax Inc., a Delaware corporation (&#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Systemax</u></font>&#8221;), and TigerDirect, Inc., a Florida corporation, TigerDirect CA, Inc., a corporation organized under the laws of Ontario, Canada, Global Gov/Ed Solutions, Inc., a Delaware corporation, Infotel Distributors Inc., a Delaware corporation, Tek Serv Inc., a Delaware corporation, Global Computer Supplies, Inc., a New York corporation, SYX Distribution Inc., a Delaware corporation, SYX Services Inc., a Delaware corporation, SYX North American Tech Holdings, LLC, a Delaware limited liability company, Software Licensing Center, Inc., a Florida corporation, and Pocahontas Corp., a Delaware corporation (individually a &#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Seller</u></font>&#8221; and collectively &#8220;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Sellers</u></font>&#8221;) is made and entered into as of December 1, 2015 by and among Purchaser, PCM, Systemax and Sellers.&#160; Capitalized terms used but not defined in this Amendment shall have the meaning ascribed to such terms in the Purchase Agreement.</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Clarification Regarding Section 1.1(b)</u></font>.&#160; For purposes of clarity, clause (iii) of Section 1.1(b) of the Purchase Agreement shall be subject in all respects to Section 1.6 of the Purchase Agreement, Section 8.14 of the Purchase Agreement (as amended hereby) and the terms and conditions of the other Transaction Agreements.</font></div>

<div>&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Amendment to Schedule 1.1(e)</u></font>.&#160; All references to &#8220;Verizon&#8221; and related agreements in column &#8220;Carrier MPLS&#8221; under the heading &#8220;Telephony/Connectivity&#8221; on Schedule 1.1(e) to the Purchase Agreement shall be deleted in their entirety.</font></div>

<div>&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Addition of Section 1.6(c)</u></font>.&#160; A new Section 1.6(c) shall be added to the Purchase Agreement and shall read in full as follows:</font></div>

<div>&#160;</div>

<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 81pt; MARGIN-RIGHT: 72pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#8220;(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Notwithstanding anything contained in this Agreement to the contrary, title to that certain Master Lease Agreement No. 16086, dated July 2, 2014, by and between EMC Corporation and SYX Services Inc. and related assets, including without limitation, the EMC database an