EMPLOYMENT AGREEMENT, dated as of _____ ___, 1998, by and between Programmer's Paradise, Inc.,
a Delaware corporation with offices at 1163 Shrewsbury Avenue, Shrewsbury, New Jersey 07702-4321
(the"Corporation"), and Peter Lorenz, an individual residing at 16540 Southwest 84th Avenue, Miami, Florida
33157 (the "Executive").
W I T N E S S E T H:
In consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto hereby agree as
1. Employment. The Corporation hereby agrees to employ the Executive in an executive capacity, and the
Executive hereby accepts and agrees to such employment, upon the terms and conditions hereinafter set forth.
2. Term. The term of the Executive's employment under this Agreement shall commence as of December 1, 1998
(the "Effective Date") and shall continue until the close of business on December 31, 1999, and shall automatically
be renewed on the same terms and conditions for successive additional terms of twelve (12) months unless
terminated by either party upon written notice to the other not less than thirty (30) days prior to the expiration of
the initial twelve-month term or of any twelve-month renewal term thereafter (the initial term and, if the period of
employment is so renewed, such additional period or periods of employment are collectively referred as the
"Term"), unless sooner terminated as provided elsewhere in this Agreement.
3. Duties and Services. (a) The Executive agrees to serve the Corporation as an Executive Vice President of the
Corporation and shall also serve such of its subsidiaries and affiliated companies as may be designated by the
Corporation, faithfully, diligently and to the best of his ability, subject to and under the direction and control of the
Board of Directors of the Corporation, the President of the Corporation and their authorized designees, devo