EXHIBIT 4.8 PEERLESS GROUP, INC. NON-QUALIFIED STOCK OPTION AGREEMENT This Non- qualified Stock Option Agreement (the "Agreement") is made and entered into this 3rd day of October, 1996, by and between PEERLESS GROUP, INC., a Delaware corporation (the...Non-Qualified Stock Option Agreement • April 9th, 1997 • Peerless Group Inc • Retail-computer & computer software stores
Allen D. Fleener --------------------- (Name of Associate) TPG HOLDINGS, INC. STOCK OPTION AGREEMENT TPG Holdings, Inc. 1212 East Arapaho Road Richardson, Texas 75081 Gentlemen: The undersigned ("Associate") hereby applies for an option (the "Option")...Stock Option Agreement • April 9th, 1997 • Peerless Group Inc • Retail-computer & computer software stores
