EX-10.28
from S-1/A
1 page
Newegg.com 16839 E. Gale Ave. City of Industry, Ca 91745 January 5, 2010 Re: Ipo Retention Bonus Dear Mr. Quiroga: This Letter Sets Forth the Terms of the Ipo Retention Bonus Being Offered to Rick Quiroga (“Mr. Quiroga”) by Magnell Associate Inc. Dba Newegg.com (The “Company”). Please Review the Details Below and Sign to Acknowledge Your Understanding and Acceptance of These Terms. the Retention Bonus Is Being Offered to Mr. Quiroga as an Incentive to Continue Serving in His Current Position of Vice President of Finance of Newegg Inc. (“Newegg”) for at Least Six Months From the Date of October 25th, 2009. the Terms for the Retention Bonus to Be Earned and Paid Are as Follows: Amount of Bonus: $116,640.00, the Equivalent of Six (6) Months Current Base Salary; Date Earned and Paid: April 25, 2010 (The “Payment Date”); Requirements: • Through the Payment Date, Mr. Quiroga Remains Employed by the Company and Continues to Serve in His Current Position as Vice President of Finance of Newegg, and Will Perform All of the Duties the Holder of Such a Position Reasonably Should Perform or Undertake
12/34/56
