PC Mall, Inc.
EXHIBIT 10.16
PC Mall, Inc.
0000 X. 000xx Xxxxxx
Torrance, CA 90504
Date: May 4, 2004
xXXXX.xxx, Inc.
0000 Xxxx 000xx Xxxxxx
Torrance, California 90504
Attn: Xxxx Xxxxxxx
Ladies and Gentlemen:
This letter will confirm that PC Mall, Inc. (the “Lender”) will make a line of credit (the “Line of Credit”) available to xXXXX.xxx, Inc. (“eCOST”) in the maximum amount of $10 million.
The Line of Credit shall be used to pay as necessary working capital needs of eCOST arising from expenses and liabilities incurred in the ordinary course of business, and will terminate and mature on the earliest to occur of (a) an initial public offering of some or all of the shares of common stock of eCOST, (b) the sale of all or substantially all of the assets or capital stock of eCOST, or (c) June 30, 2005.
Please evidence your approval of the foregoing by signing and returning to the Lender.
| Very truly yours,
PC MALL, INC. | ||
| By: | /s/ XXXXX X. XXXXXXX | |
| Print Name: |
Xxxxx X. Xxxxxxx |
| Title: |
Chief Executive Officer |
| ACCEPTED as of May 4, 2004:
XXXXX.XXX, INC. | ||
| By: | /s/ XXXX X. XXXXXXX | |
| Print Name: |
Xxxx X. Xxxxxxx |
| Title: |
Chief Executive Officer |
