Exhibit 10.82


 


 


 


ADDENDUM "G"
TO


EMPLOYMENT
AGREEMENT


of


William
J. Clough, Employee


 


 


 


THIS SEVENTH ADDENDUM TO
EMPLOYMENT AGREEMENT is entered into this 1 day of March 2014, by and between CUI Global, Inc., a Colorado corporation, (hereinafter
"CUI Global" or "Employer") and William J. Clough, hereinafter ("Employee"), collectively referred
to herein as the "Parties," or in the singular as “Party”


 


WHEREAS, Employee and CUI
Global entered into an Employment Agreement dated November 21, 2005 that provides for all customary matters inter alia compensation,
bonus, term, etc.


 


WHEREAS, Employee and CUI
Global entered into an Addendum "A" to Employment Agreement effective January 1, 2007 that provides inter alia for deferment
of a portion of salary and bonus and a tolling of the Employment Agreement 3 year term.


 


WHEREAS, Employee and CUI
Global entered into an Addendum "B" to Employment Agreement dated May 15, 2008 that provides for all customary matters
inter alia compensation, bonus, term, etc.


 


WHEREAS, Employee and CUI
Global entered into an Addendum "C" to Employment Agreement dated July 1, 2010 that provides for all customary matters
inter alia compensation, bonus, term, etc.


 


WHEREAS, Employee and CUI
Global entered into an Addendum "D" to Employment Agreement dated August 1, 2012 that provides for all customary matters
inter alia compensation, bonus, term, etc.


 


WHEREAS, Employee and CUI
Global entered into an Addendum "E" to Employment Agreement dated July 31, 2013 that provides for all customary matters
inter alia compensation, bonus, term, etc.


 


WHEREAS, Employee and CUI
Global have agreed to modify and revise certain terms and conditions of the Employment Agreement as modified and to retain, intact,
all non-modified provisions and covenants .


 


IT IS THEREFORE AGREED:


 


		1.	EFFECTIVE DATE. This Agreement is entered into and is effective on the date indicated above and, except as otherwise noted
herein, shall remain in effect until such time as it is terminated as provided for herein.



 






    	 



    	 



    

 


		2.	TERM OF EMPLOYMENT. The Term of Employment as set forth in previous addendum shall be extended to and through December 31,
2016.



 


		3.	SEVERANCE AGREEMENT. Should the company terminate said employment relationship, Employee shall be entitled to a two (2) year
severance package and, in addition, all then outstanding stock options shall be accelerated and all options shall immediately vest
to Employee.



 


		4.	COST-OF-LIVING ADJUSTMENT. Effective January 1, 2014 and each ensuing January 1 during the Term of Employment, Employee shall
receive a four percent (4%) cost-of-living adjustment to his base salary.



 


		5.	APPLICABILITY. This Addendum modifies only the specific terms set forth herein and only to the extent specifically set forth
herein and does not in any way effect the force and effect of other provisions within the Employment Agreement.



 


This document consists
of two (2) pages [including signature page].


 


AGREED TO AND ACCEPTED








 





	Employee	 	 	 
	 	 	 	 
	/s/ 	 	 	 
	William J. Clough	 	 	 
	 	 	 	 
	CUI Global, Inc.	 	 	 
	Compensation Committee	 	 	 
	 	 	 	 	 	 
	By:	/s/ 	 3/19/2014		 	 
	 	Corey A. Lambrecht