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  Exhibit 10.82    
    

[LETTERHEAD]

April 28,
2008 

David
Jonathan Yi 

Dear
David: 

        We
are extremely pleased to confirm your offer of employment (the "Offer") with Commerce Energy, Inc. (the "Company"). The following is provided for your
information: 

	•
	Your title will be Chief Risk Officer.   

	•
	You will report to Gregory L. Craig, Chairman and Chief Executive Officer.   

	•
	Your office location will be in Costa Mesa, California located at 600 Anton Boulevard, Suite 2000, Costa Mesa,
California 92626.   

	•
	Your compensation will be $200,000 annually.   

	•
	You will be eligible to participate in the Company's Executive bonus program.   

	•
	You will be granted 50,000 stock options subject to the approval of the Compensation Committee. The Grant Date will be
established by the Compensation Committee.   

	•
	You will be eligible to participate in the Company's benefit plans on the first day of the month following two
(2) months of employment. These benefits include medical, dental, vision, flexible spending account, disability benefit plans, life insurance, long-term disability, and the Employee
Assistance Plan (EAP). These benefits are subject to the terms, conditions, limitations, and exclusions contained in the applicable plan documents and insurance policies.   

	•
	You will also be eligible to participate in the Company's 401(k) plan (the "Plan") on the first day of the month following
two (2) months of employment. The Plan matches $0.50 for each $1.00 you contribute, up to a maximum of 3% of your annual compensation.   

	•
	You will receive four (4) weeks vacation. 

        The
Offer is contingent upon your satisfactory completion of a drug test and background check as well as our findings of satisfactory references. 

        Your
first day of employment will be April 28, 2008. New Employee Orientation will be conducted by the Human Resources Department. At that time, you will be expected to provide
documentation of authorization to work in the United States. We have provided a copy of the "Lists of Acceptable Documents" for your information in preparation for your first day. 

        As
noted on the Employment Application form, employment with the Company is at the mutual consent of each employee and the Company. Accordingly, while the Company has every hope that
employment relationships will be mutually beneficial and rewarding; employees and the Company retain the right to terminate the employment relationship at-will, at any time, with or
without cause. Please note that no individual has the authority to make any contrary agreement or representation with the exception of the Chairman and Chief Executive Officer. The Chairman and Chief
Executive Officer can do so only if it is done specifically in a written agreement that is signed by both the Chairman and Chief Executive Officer and the employee. Accordingly, this constitutes a
final and fully binding integrated agreement with respect to the at-will nature of the employment relationship. 

        In
the event the Company terminates your employment within 12 months of your hire date and without Cause (as defined below); you will receive $50,000 (less necessary withholdings
and authorized deductions). This payment will be made via a lump sum payment. 

        The
Company may terminate your employment at any time and without prior notice, written or otherwise, for Cause. As used in this context, "Cause" shall mean any of the following conduct
by you: 

(i) material
breach of a Company policy or of a law, rule or regulation applicable to the Company or its operations; (ii) demonstrated and material neglect of duties, or failure or
refusal to perform the material duties of your position; (iii) gross misconduct or dishonesty, self-dealing, fraud or similar conduct that the Board reasonably determines has
caused, is causing or reasonably is likely to cause harm to the Company; or (iv) conviction of or plea of guilty or nolo contendere to any crime
other than a traffic offense that is not punishable by a sentence of incarceration, 

        The
Offer of employment will remain in effect for five (5) business days following your receipt. If we do not hear from you within that timeframe, the Offer will no longer be
valid. If you accept the Offer, please sign this letter and return it to the Company via US Mail or email: 

Mail:

Betsy Webb

Commerce Energy

600 Anton, Suite 2000

Costa Mesa, California 92626 

Email:

bwebb@commerceenergy.com. 

We
hope that you will view the Company as an outstanding organization and will accept the Offer. Please signify your acceptance of the terms set forth above by signing and dating this offer letter. We
welcome you to the Company. 

Sincerely,

					
	By:	 	/s/ Michael J. Fallquist

 	 	 
	Michael J. Fallquist

Chief Operating Officer

	 	 

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Exhibit 10.82QuickLinks
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  Exhibit 10.83    
    

 
 

  AMENDED AND RESTATED
  COMMERCE ENERGY GROUP, INC.
  2006 STOCK INCENTIVE PLAN    
    

  

 
 

  Stock Option Award Agreement
  (for U.S. Employees)    
    

  

 
 

  Award No.           
    

        You (the "Participant") are hereby awarded the following stock option (the
"Option") to purchase Shares of Commerce Energy Group, Inc. (the "Company"), subject to the terms
and conditions set forth in this Stock Option Award Agreement (the "Award Agreement") and in the Amended and Restated Commerce Energy Group, Inc.
2006 Stock Incentive Plan (the "Plan"), which is attached hereto as Exhibit A. A summary of the
Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal
financial advisor, before exercising this Option. 

        By
executing this Award Agreement, you agree to be bound by all of the Plan's terms and conditions as if they had been set out verbatim in this Award Agreement. In addition, you
recognize and agree that all determinations, interpretations, or other actions respecting the Plan and this Award Agreement will be made by the Board of Directors (the
"Board") of Commerce Energy Group, Inc. (the "Company") or any Committee appointed by the Board
to administer the Plan, and shall (in the absence of manifest bad faith or fraud) be final, conclusive and binding on all parties, including you and your heirs and representatives. Capitalized terms
are defined in the Plan or in this Award Agreement. 

        1.    Variable Terms.    This Option shall have, and be interpreted
according to, the following terms, subject to the provisions of the Plan in all instances: 

					
	Name of Participant:	 	David J. Yi
	
Type of Stock Option:	
 	
o	
 	
Incentive Stock Option (ISO)(1)
	

 	
 	
ý	
 	
Non-Incentive Stock Option(2)
	
Number of Shares subject to Option:	
 	
50,000
	
Option Exercise Price per Share:	
 	
$1.10
	
Grant Date:	
 	
July 11, 2008
	
Reverse Vesting (per Plan Section):	
 	
o	
 	
Allowed in accordance with Section 6 of the Plan.
	

 	
 	
ý	
 	
Not allowed.

	(1)
	If
an ISO is awarded to a person owning more than 10% of the voting power of all classes of stock of the Company or of any Subsidiary, then the term of the
Option cannot exceed 5 years and the exercise price must be at least 110% of the Fair Market Value (100% for any other employee who is receiving ISO awards).

	(2)
	The
exercise price of a non-ISO must be at least 100% of the Fair Market Value. 

 

        2.    Vesting Schedule:    (Establishes the Participant's rights to exercise this Option with
respect to the Number of Shares stated above, subject to acceleration per Section 3 below and to any shareholder approval requirement set forth in the Plan.) 

					
	o	 	100% on Grant Date.
	
o	
 	
            % on each of the first            (#) annual
(            quarterly/            monthly) anniversary dates of the Participant's Continuous Service after the Grant
Date.
	
Lifetime Transfer:	
 	
o	
 	
Allowed pursuant to Section 9 below only for Non-Incentive Stock Option.
	
Expiration Date:	
 	
ý	
 	
6 years (1-9) after Grant Date; or
	

 	
 	
o	
 	
10 years after Grant Date

        3.    Accelerated Vesting; Change in Corporate Control.    To the
extent you have not previously vested in your rights with respect to this Award, your Award will become— 

	o
	      %
vested if your Continuous Service ends due to your death or "disability" within
the meaning of Section 409A of the Code;

	o
	      %
vested if your Continuous Service ends due to your retirement at or after you
have attained the age of            and completed at least            full years of Continuous Service;

	o
	according
to the following schedule if your Continuous Service ends due to an Involuntary Termination that
occurs within the one year period following a Change in Control: 

						
	Date on which Your Involuntary Termination

Occurs (by reference to Date of Award) 	 	Portion of Your Award

As to which Vesting Accelerates 
	 	 	 	Before 1st Anniversary	 	            %
	 	 	 	Between 1st and 2nd Anniversary	 	            %
	 	 	 	After 2nd Anniversary	 	            %

        4.    Term of Option.    The term of the Option will expire at
5:00 p.m. (P.D.T. or P.S.T., as applicable) on the Expiration Date. 

        5.    Manner of Exercise.    The Option shall be exercised in the
manner set forth in the Plan, using the exercise form attached hereto as Exhibit C. The amount of Shares for which the Option may be exercised is
cumulative; that is, if you fail to exercise the Option for all of the Shares vested under the Option during any period set forth above, then any Shares subject to the Option that are not exercised
during such period may be exercised during any subsequent period, until the expiration or termination of the Option pursuant to Sections 2 and 7 of this Award Agreement and the terms of the
Plan. Fractional Shares may not be purchased. 

        6.    Special ISO Provisions.    If designated as an ISO, this Option
shall be treated as an ISO to the extent allowable under Section 422 of the Code, and shall otherwise be treated as a Non-ISO. If you sell or otherwise dispose of Shares acquired
upon the exercise of an ISO within 1 year from the date such Shares were acquired or 2 years from the Grant Date, you agree to deliver a written report to the Company within
10 days following the sale or other disposition of such Shares detailing the net proceeds of such sale or disposition. 

        7.    Termination of Continuous Service.    If your Continuous Service
with the Company and/or its Affiliates (the "Company Group") is terminated for any reason, this Option shall terminate on the date on which you cease to have any right to exercise the Option pursuant
to the terms and conditions set forth in Section 6 of the Plan. 

        8.    Long-term Consideration for Award.    The Participant recognizes and agrees
that the Company's key consideration in granting this Award is securing the long-term commitment of the Participant to 

2

 

serve
as a key employee who will advance and promote the business interests and objectives of the Company Group. Accordingly, the Participant agrees that this Award shall be subject to the terms and
conditions set forth in Section 25 of the Plan (relating to the termination, rescission and recapture if you violate certain commitments made therein to the Company Group), as well as to the
following terms and conditions as material and indivisible consideration for this Award: 

        (a)    Fiduciary Duty.    During his or her employment with the Company Group the Participant shall devote his or her
full energies, abilities, attention and business time to the performance of his or her job responsibilities and shall not engage in any activity which conflicts or interferes with, or in any way
compromises, his or her performance of such responsibilities. 

        (b)    Confidential Information.    The Participant recognizes that by virtue of his or her employment with the
Company Group, he or she will be granted otherwise prohibited access to confidential information and proprietary data which are not known, and not readily accessible to the competitors of the Company
Group. This information (the "Confidential Information") includes, but is not limited to, current and prospective customers; the identity of key contacts at such customers; customers' particularized
preferences and needs; marketing strategies and plans; financial data; personnel data; compensation data; proprietary procedures and processes; and other unique and specialized practices, programs and
plans of the Company Group and their respective customers and prospective customers. The Participant recognizes that this Confidential Information constitutes a valuable property of the Company Group,
developed over a significant period of time and at substantial expense. Accordingly, the Participant agrees that he or she shall not, at any time during or after his or her employment with the Company
Group, divulge such Confidential Information or make use of it for his or her own purposes or the purposes of any person or entity other than the Company Group. 

        (c)    Non-Solicitation of Customers.    The Participant recognizes that by virtue of his or her
employment with the Company Group he or she will be introduced to and involved in the solicitation and servicing of existing customers of the Company Group and new customers obtained by the Company
Group during his or her employment. The Participant understands and agrees that all efforts expended in soliciting and servicing such customers shall be for the permanent benefit of the Company Group.
The Participant further agrees that during his or her employment with the Company Group the Participant will not engage in any conduct which could in any way jeopardize or disturb any of the customer
relationships of the Company Group. The Participant also recognizes the legitimate interest of the Company Group in protecting, for a reasonable period of time after his or her employment with the
Company Group, the customers of the Company Group. Accordingly, the Participant agrees that, for a period beginning on the date hereof and ending twelve (12) months after termination of
Participant's employment with the Company Group, regardless of the reason for such termination, the Participant shall not, directly or indirectly, without the prior written consent of the Chief
Executive Officer of the Company, market, offer, sell or otherwise furnish any products or services substantially similar to those offered by the Company Group to any customer of the Company Group. 

        (d)    Non-Solicitation of Employees.    The Participant recognizes the substantial expenditure of time
and effort which the Company Group devotes to the recruitment, hiring, orientation, training and retention of its employees. Accordingly, the Participant agrees that, for a period beginning on the
date hereof and ending twenty four (24) months after termination of Participant's employment with the Company Group, regardless of the reason for such termination, the Participant shall not,
directly or indirectly, for himself or herself or on behalf of any other person or entity, solicit, offer employment to, hire or otherwise retain the services of any employee of the Company Group. For
purposes of the foregoing, "employee of the Company Group" shall include any person who was an employee of the Company Group at any time within six (6) months prior to the prohibited conduct. 

3

 

        (e)    Survival of Commitments; Potential Recapture of Award and Proceeds.    The Participant acknowledges and agrees
that the terms and conditions of this Section regarding confidentiality and non-solicitation shall survive both (i) the termination of Participant's employment with the Company
Group for any reason, and (ii) the termination of the Plan, for any reason. The Participant acknowledges and agrees that the grant of Options in this Award Agreement is just and adequate
consideration for the survival of the restrictions set forth herein, and that the Company
Group may pursue any or all of the following remedies if the Participant either violates the terms of this Section or succeeds for any reason in invalidating any part of it (it being understood that
the invalidity of any term of this Section would result in a failure of consideration for the Award): 

	(i)
	declaration
that the Award is null and void and of no further force or effect;

	(ii)
	recapture
of any cash paid or Shares issued to the Participant, or any designee or beneficiary of the Participant, pursuant to the Award; and

	(iii)
	recapture
of the proceeds, plus reasonable interest, with respect to any Shares that are both issued pursuant to this Award and sold or otherwise disposed
of by the Participant, or any designee or beneficiary of the Participant. 

The
remedies provided above are not intended to be exclusive, and the Company Group may seek such other remedies as are provided by law, including equitable relief. 

        (f)    Acknowledgement.    The Participant acknowledges and agrees that his or her adherence to the foregoing
requirements will not prevent him or her from engaging in his or her chosen occupation and earning a satisfactory livelihood following the termination of his or her employment with the Company
Group.] 

        9.    Designation of Beneficiary.    Notwithstanding anything to the contrary contained herein
or in the Plan, following the execution of this Award Agreement, you may expressly designate a beneficiary (the "Beneficiary") to your interest in the
Option awarded hereby. You shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as  Exhibit D (the
"Designation of Beneficiary") and delivering an executed copy of the Designation
of Beneficiary to the Company. 

        10.    Restrictions on Transfer.    This Award Agreement may not be sold, pledged, or
otherwise transferred without the prior written consent of the Committee. Notwithstanding the foregoing, the Participant may transfer this Option if allowed under Section 1 for a
Non-Incentive Stock Option (i) by instrument to an inter vivos or testamentary trust (or other entity) in which each beneficiary is a permissible gift recipient, as such is set
forth in subsection (ii) of this Section, or (ii) by gift to charitable institutions or by gift or transfer for consideration to any of the following relatives of the Participant
(or to an inter vivos trust, testamentary trust or other entity primarily for the benefit of the following relatives of the Participant): any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, domestic partner, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships. Any transferee of the Participant's
rights shall succeed and be subject to all of the terms of this Award Agreement and the Plan. 

        11.    Taxes.    By signing this Award Agreement, you acknowledge that
you shall be solely responsible for the satisfaction of any taxes that may arise (including taxes arising under Sections 409A or 4999 of the Code), and that neither the Company Group nor the
Administrator shall have any obligation whatsoever to pay such taxes. Notwithstanding anything to the contrary herein, upon exercise of an Option, certificates for Shares shall not be delivered to you
unless you have made arrangements satisfactory to the Committee to satisfy tax-withholding obligations. 

4

 

        12.    Notices.    Any notice or communication required or permitted
by any provision of this Award Agreement to be given to you shall be in writing and shall be delivered personally or sent by certified mail, return receipt requested, addressed to you at the last
address that the Company had for you on its records. Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award
Agreement. Any such notice shall be deemed to be given as of the date such notice is personally delivered or properly mailed. 

        13.    Binding Effect.    Except as otherwise provided in this Award
Agreement or in the Plan, every covenant, term and provision of this Award Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal
representatives, successors, transferees, and assigns. 

        14.    Modifications.    This Award Agreement may be modified or amended at any time, in
accordance with Section 15 of the Plan and provided that you must consent in writing to any modification that adversely alters or impairs any rights or obligations under this Award Agreement. 

        15.    Headings.    Section and other headings contained in this Award
Agreement are for reference purposes only and are not intended to describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof. 

        16.    Severability.    Every provision of this Award Agreement and of
the Plan is intended to be severable. If any term hereof is illegal or invalid for any reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this
Award Agreement. 

        17.    Counterparts.    This Award Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

        18.    Plan Governs.    By signing this Award Agreement, you
acknowledge that you have received a copy of the Plan and that your Award Agreement is subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award
Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated and adopted pursuant to the Plan. In the event of a conflict
between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 

        19.    Governing Law.    The laws of the State of Delaware shall
govern the validity of this Award Agreement, the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 

        20.    Not a Contract of Employment.    By executing this Award Agreement you acknowledge and
agree that (i) any person who is terminated before full vesting of an award, such as the one granted to you by this Award Agreement, could claim that he or she was terminated to preclude
vesting; (ii) you promise never to make such a claim; (iii) nothing in this Award Agreement or the Plan confers on you any right to continue an employment, service or consulting
relationship with the Company Group, nor shall this Award Agreement or the Plan affect in any way your right or the right of the Company Group, as applicable, to terminate your employment, service, or
consulting relationship at any time, with or without Cause; and (iv) the Company would not have granted this Award to you but for these acknowledgements and agreements. 

        21.    Investment Purposes.    You acknowledge that you are receiving your Options for
investment purposes only and without any present intention of selling or distributing the Options or the Shares underlying such Options. 

5

 

        BY
YOUR SIGNATURE BELOW, along with the signature of the Company's representative, you and the Company agree that the Option is awarded under and governed by the terms and conditions of
this Award Agreement and the Plan. 

					
	 	 	 COMMERCE ENERGY GROUP, INC.
	

 	
 	
By:	
 	
/s/ Gregory L. Craig

 
	 	 	 	 	Name: Gregory L. Craig

Title: Chief Executive Officer
	

 	
 	
 PARTICIPANT
	

 	
 	
The undersigned Participant hereby accepts the terms of this Award Agreement and the Plan.
	

 	
 	
By:	
 	
/s/ David J. Yi

 
	

 	
 	
Name of Participant: DAVID J. YI

6

 
 
 

  Exhibit A    
    

 
 

  AMENDED AND RESTATED
  COMMERCE ENERGY GROUP, INC.
  2006 STOCK INCENTIVE PLAN    
    

  

 
 

  Plan Document    
    

 

7

 
 
 

  Exhibit B    
    

 
 

  AMENDED AND RESTATED
  COMMERCE ENERGY GROUP, INC.
  2006 STOCK INCENTIVE PLAN    
    

  

 
 

  Plan Prospectus    
    

  

8

 
 
 

  Exhibit C    
    

 
 

  AMENDED AND RESTATED
  COMMERCE ENERGY GROUP, INC.
  2006 STOCK INCENTIVE PLAN    
    

 

 
 

  Form of Exercise of Stock Option Award Agreement    
    

  

			
	Attention:	 	Commerce Energy Group, Inc.

2006 Stock Incentive Plan Committee

600 Anton Boulevard

Costa Mesa, California 92626

Dear
Sir or Madam: 

        The
undersigned elects to exercise his/her Stock Option to purchase                        shares of Common Stock of Commerce Energy
Group, Inc. (the "Company") under and pursuant to a
Stock Option Award Agreement dated as
of                                    . 

        1.     o
Delivered herewith is a certified or bank cashier's or teller's check and/or shares of Common Stock held by the
undersigned for at least six months*, valued at the closing sale price of the stock on the business day prior to the date of exercise, as follows: 

				
	

 $	 	 	 in cash or check

	 	 	 
	$	 	 	 in the form
of                        shares of Common Stock,

	 	 	 
	 	 	 	        valued at
$                                    per share
	

 $	 	 	 Total
	 	 	 

        2.     o
Delivered herewith are irrevocable instructions to a broker approved by the Company to deliver promptly to the Company the
amount of sale or loan proceeds to pay the exercise price.** 

        If method 1 is chosen, the name or names to be on the stock certificate or certificates and the address and Social Security Number of such person(s) is as
follows: 

Name: 

Address: 

Social
Security Number 

			
	 	 	Very truly yours,
	
  

  Date	
 	
  

  Optionee

	*
	The
Committee may waive the six months' requirement in its discretion.

	**
	The
Committee must approve this method in writing before your election 

9

 
 
 

  Exhibit D    
    

 
 

  AMEDED AND RESTATED
  COMMERCE ENERGY GROUP, INC.
  2006 STOCK INCENTIVE PLAN    
    

 

 
 

  Designation of Beneficiary    
    

  

        In
connection with Award Agreements between Commerce Energy Group, Inc. (the "Company")
and                                    , an individual residing
at                                    (the "Recipient"), the Recipient hereby designates the person specified below as the beneficiary of the Recipient's interest in
Awards as defined in the Amended and Restated Commerce Energy Group, Inc. 2006 Stock Incentive Plan (the "Plan"). This designation shall remain
in effect until revoked in writing by the Recipient. 

			
	Name of Beneficiary:	 	 

 
	Address:	 	  

   

   

 
	Social Security No.:	 	  

 

        This
beneficiary designation relates to any and all of Recipient's rights under the following Award or Awards: 

	o
	any
Award that Recipient has received under the Plan.

	o
	the                                    Award
that Recipient received pursuant to an award agreement
dated                                    
            ,                        between Recipient and the
Company. 

        The Recipient understands that this designation operates to entitle the above-named beneficiary to the rights conferred by an Award from the date this form is
delivered to the Company until such date as this designation is revoked in writing by the Recipient, including by delivery to the Company of a written designation of beneficiary executed by the
Recipient on a later date. 

					
	 	 	Date:	 	  

 
	

 	
 	
By:	
 	
 

  [Recipient Name]

Sworn
to before me this

                        day
of                                    , 200 

                                   

Notary Public

County of                                   

State of                                    

10

QuickLinks

Exhibit 10.83

AMENDED AND RESTATED COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN

Stock Option Award Agreement (for U.S. Employees)

Award No.

Exhibit A

AMENDED AND RESTATED COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN

Plan Document

Exhibit B

AMENDED AND RESTATED COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN

Plan Prospectus

Exhibit C

AMENDED AND RESTATED COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN

Form of Exercise of Stock Option Award Agreement

Exhibit D

AMEDED AND RESTATED COMMERCE ENERGY GROUP, INC. 2006 STOCK INCENTIVE PLAN

Designation of Beneficiary

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