WAYSIDE TECHNOLOGY GROUP, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

On August 31, 2020, Wayside Technology Group, Inc. and certain of its wholly owned subsidiaries (collectively, the "Company"), entered into an amendment to the Company's existing  revolving credit facility (the "Amended Credit Facility") with . ("Citibank") pursuant to a First Amendment to Second Amended and Restated Revolving Credit Loan Agreement and Other Loan Documents (the "Amended Loan Agreement") and First Allonge to Second Amended and Restated Revolving Credit Loan Note (the "Amended Note"). The Amended Credit Facility, which will continue to be used for working capital and general corporate purposes, amends the maturity date to , at which time the Company must pay all outstanding principal of all outstanding loans plus all accrued and unpaid interest, and any interest, fees, costs and expenses, if any. In addition, the Company will continue to pay regular monthly payments of all accrued and unpaid interest.

The interest rate for any borrowings under the Amended Credit Facility is subject to change from time to time based on the changes in the LIBOR Rate, as defined in the Amended Loan Agreement (the "Index"). Interest on the unpaid principal balance of the Amended Note will be calculated using a rate of 1.75 percentage points over the Index. If the Index becomes unavailable during the term of the Amended Credit Facility, interest will be based upon the Benchmark Replacement (as defined in the Amended Loan Agreement) after notifying the Company. The Amended Credit Facility is secured by the assets of the Company and there have been no changes to existing affirmative and negative covenants.

The foregoing description of the Amended Loan Agreement and Amended Note does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Loan Agreement and Amended Note, copies of which are attached as Exhibits 10.1 and 10.2 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits: 
10.1 First Amendment to Second Amended and Restated Revolving Credit Loan Agreement and Other Loan Documents, dated , by and among , , f/k/a , , Programmer's Paradise, Inc., , and , as Co-Borrowers, and ., as Lender 
10.2 First Allonge to Second Amended and Restated Revolving Credit Loan Note, dated , by and among , , f/k/a , , Programmer's Paradise, Inc., , and , as Co-Borrowers, and ., as Lender