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  Exhibit 10.28    
    

December 3,
2008 

	Re:
	Offer of Employment

Dear
Diane Thompson: 

We
are sending you this revised offer letter so that it complies with 409A of the Internal Revenue Code. 

Bridgepoint
Education is pleased to offer you the position of Senior Vice President/General Council. This is a full-time Exempt position
with a start date of December 15, 2008, and is located in San Diego, CA. 

You
will receive a copy of the Bridgepoint Education (THE COMPANY) employee handbook and will be subject to all of the provisions of this handbook. You will also be required to sign an acknowledgment
of receipt of the handbook. 

Should
you accept this employment offer, per company policy as set forth in Bridgepoint Education Employee Handbook, you will be eligible to receive the following: 

	•
	Base
Salary:  Will be paid in bi-monthly installments of $10,416.66, which is
equivalent to $250,000.00 on an annual basis, and subject to deductions for taxes and other withholdings as required by law.   

	•
	Performance
Bonuses:  You will be eligible for an annual performance bonus beginning in 2009 which may be up to 35% of your annual salary. The
performance bonus will be granted as long as you and the Company are meeting and/or exceeding certain performance standards. You will have no entitlement to and no performance bonus shall be earned,
if at all, unless and until the time of payment of any such performance bonus. The time and amount of any performance bonus payment will be determined by the Company acting in its sole and absolute
discretion.   

	•
	Relocation:  The Company will reimburse you for up to $25,000 in relocation expenses
that you incur between the date of this Offer of Employment and June 15, 2009. You must submit your requests for reimbursement within 30 days following the date the expenses are incurred
and the Company will reimburse you within 45 days following the date it receives your request for reimbursement. In the event you voluntarily terminate your employment with the Company prior to
the one-year anniversary of your start date set forth above, you shall be required to repay the Company an amount equal to any relocation expenses that were reimbursed to you; provided,
further, that you must repay the Company within 30 days from the date your employment terminates. Transition period of six months: 2 (two) days in Phoenix, AZ, 3 (three) days in San Diego, CA,
finally residing in San Diego, CA by June 15, 2009.   

	•
	Stock
Options:  You will be granted 140,000 shares when the Company goes public at the price of the IPO.   

	•
	Benefits:  Executive Level Benefits 

Terms of Employment:    Your employment with THE COMPANY is "at will" meaning that you are not employed for any specific period of time. Your
employment can be terminated with or without cause and with or without notice, at any time, at the option either of THE COMPANY or you. Similarly, THE COMPANY regains the right to transfer, demote,
suspend or administer discipline with or without cause and with or without notice, at any time. The at-will nature of your employment relationship may not be modified except in a writing
signed by both the CEO of' THE COMPANY and you. This constitutes the entire understanding regarding the at-will nature of your employment. 

Non-Compete Agreement:    Please attach all agreements you have entered into with any prior employers relating to confidentiality,
including, any non-disclosure, non-competition, and non-solicitation agreements or other agreements entered into upon your termination of employment 

 

with
any prior employers and sign this letter where indicated below to acknowledge your acceptance of employment on these terms. 

By
signing this letter where indicated below, you affirm that you have not been solicited by THE COMPANY and that you learned of this employment opportunity with THE COMPANY through
word-of-mouth or from a classified advertisement. 

To
accept this job offer: 

        1.     Sign
and date this job offer letter where indicated below. 

        2.     Complete,
sign and return the following documents in Human Resources: 

	•
	New Hire Info Sheet   

	•
	Application for Employment   

	•
	Background Check Forms   

	•
	Release of Liability   

	•
	Employee Acknowledgement 

We
at Bridgepoint Education hope that you will accept this job offer and look forward to welcoming you aboard. 

Sincerely,

Charlene Dackerman, Senior Vice President of Human Resources

			
	/s/ Diane Thompson

  Diane Thompson	 	December 31, 2008

  Date

cc:
Andrew Clark, CEO Bridgepoint Education 

2

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  Exhibit 10.29    
    

December 30,
2008

	Re:
	Offer of Employment

Dear
Thomas Ashbrook: 

We
are sending you this revised offer letter so that it complies with 409A of the Internal Revenue Code. 

Bridgepoint
Education is pleased to offer you the position of Senior Vice President/Chief Information Officer. This is a full-time Exempt
position with a start date of November 11, 2008 and is located in San Diego, CA. 

You
will receive a copy of the Bridgepoint Education (THE COMPANY) employee handbook and will be subject to all of the provisions of this handbook. You will also be required to sign an acknowledgment
of receipt of the handbook. 

Should
you accept this employment offer, per company policy as set-forth in Bridgepoint Education Employee Handbook, you will be eligible to receive the
following: 

	•
	Base
Salary:  Will be paid in bi-monthly installments of $10,416.66, which is
equivalent to $250,000.00 on an annual basis, and subject to deductions for taxes and other withholdings as required by law.   

	•
	Performance
Bonuses:  You will be eligible for an annual performance bonus beginning in 2009 which may be up to 35% of your annual salary. The
performance bonus will be granted as long as you and the Company are meeting and/or exceeding certain performance standards. You will have no entitlement to and no performance bonus shall be earned,
if at all, unless and until the time of payment of any such performance bonus. The time and amount of any performance bonus payment will be determined by the Company acting in its sole and absolute
discretion.   

	•
	Relocation:  The Company will reimburse you for up to $25,000 in relocation expenses
that you incur between the date of this Offer of Employment and June 15, 2009. You must submit your requests for reimbursement within 30 days following the date the expenses are incurred
and the Company will reimburse you within 45 days following the date it receives your request for reimbursement. In the event you voluntarily terminate your employment with the Company prior to
the one-year anniversary of your start date set forth above, you shall be required to repay the Company an amount equal to any relocation expenses that were reimbursed to you; provided,
further, that you must repay the Company within 30 days from the date your employment terminates.   

	•
	Stock
Options:  You will be granted 140,000 shares when the Company goes public at the price of the IPO.   

	•
	Benefits:  Executive Management Level Benefits 

Terms of Employment:    Your employment with THE COMPANY is "at will" meaning that you are not employed for any specific period of time. Your
employment can be terminated with or without cause and with or without notice, at any time, at the option either of THE COMPANY or you. Similarly, THE COMPANY retains the right to transfer, demote,
suspend or administer discipline with or without cause and with or without notice, at any time. The at-will nature of your employment relationship may not be modified except in a writing
signed by both the CEO of THE COMPANY and you. This constitutes the entire understanding regarding the at-will nature of your employment. 

Non-Compete Agreement:    Please attach all agreements you have entered into with any prior employers relating to confidentiality,
including, any non-disclosure, non-competition, and nonsolicitation agreements or other agreements entered into upon your termination of employment with any prior 

 

employers
and sign this letter where indicated below to acknowledge your acceptance of employment on these terms. 

By
signing this letter where indicated below, you affirm that you have not been solicited by THE COMPANY and that you learned of this employment opportunity with THE COMPANY through a classified
advertisement or the Albertini Group. 

 To accept this job offer:  

	1.
	Sign
and date this job offer letter where indicated below.

	2.
	Complete,
sign and return the following documents in Human Resources:  

	•
	New Hire Info Sheet   

	•
	Application for Employment   

	•
	Background Check Forms   

	•
	Release of Liability   

	•
	Employee Acknowledgement 

We
at Bridgepoint Education hope that you will accept this job offer and look forward to welcoming you aboard. 

Sincerely,

Charlene Dackerman, Senior Vice President of Human Resources

			
	/s/ Thomas Ashbrook

  Thomas Ashbrook	 	December 31, 2008

  Date

cc:
Andrew Clark, CEO Bridgepoint Education 

2

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  Exhibit 10.30    
    

[BRIDGEPOINT
EDUCATION, INC. LETTERHEAD]

December 11, 2008 

Dale
Crandall  

	Re:
	Bridgepoint Education, Inc.

Dear
Dale, 

        We
are very pleased to offer you a position as a member of the Board of Directors (the "Board") of Bridgepoint Education, Inc. (the "Company") and a position to serve as the Chair
of the Audit Committee. This offer, which is subject to the approval of each of the current members of our Board, is based on the following terms and conditions: 

			
	Start Date:	 	December 11, 2008 (effective immediately after the board meeting) (the "Effective Date"). You will serve as a member of the Board until the annual meeting for the year in which your term expires or
until your successor has been elected and qualified, subject however, to your prior death, resignation, retirement, disqualification or removal from office.
	
Compensation:	
 	
In consideration of your services as a member of the Board, you will receive a $20,000 annual retainer to be paid in equal monthly installments beginning on the 30 day anniversary of the Effective
Date for so long as you remain a member of the Board. In consideration for your services on the Audit Committee you will receive a (i) $5,000 annual retainer to be paid in equal monthly installments beginning on the 30 day anniversary of
the Effective Date for so long as you remain a member of the Audit Committee, and (ii) $10,000 annual retainer to be paid in equal monthly installments beginning on the 30 day anniversary of the Effective Date for so long as you remain the
Audit Committee Chair.
	
Stock Option:	
 	
On the day prior to the Company's initial public offering, you will be granted Time Vested Stock Options (an "Option") under the 2005 Plan exercisable for the number of shares equal to $60,000 at a
price per share equal to the Company's initial public offering opening price which will vest as follows: (i) 25% of the shares underlying such Option will vest on the one-year anniversary of the Effective Date (the "Vesting Commencement Date"),
(ii) as to an additional 2% of the shares underlying such Option on each monthly anniversary of the Vesting Commencement Date over the subsequent 33-month period following such one-year anniversary of the Vesting Commencement Date, and
(iii) an additional 3% of the shares underlying such Option on each of the 46th, 47th and 48th monthly anniversary of the Vesting Commencement Date. The Option will be a non-qualified stock option and
will not qualify for incentive stock option (ISO) treatment under the Internal Revenue Code §422.

1

 

			
	Responsibilities:	 	As a director of the Company, your duties and responsibilities will be those reasonably and customarily associated with such position, including, without limitation, attendance at all regular and special
meetings of the Board.
	
Expenses:	
 	
The Company will reimburse you for all reasonable, out-of-pocket costs and expenses incurred by you in connection with your services to the Company as a Board member.
	
Confidentiality:	
 	
As a condition of this offer, you will be required to preserve the Company's proprietary and confidential information and you must comply with the Company's policies and procedures. Accordingly, as a
pre-condition to your appointment to the Board, you are required to execute the Nondisclosure Agreement enclosed herewith. This agreement will be effective as of the Effective Date.
	
Indemnification:	
 	
In the interest of retaining and attracting qualified individuals to provide services to the Company, the Company has or will enter into an Indemnification Agreement with each of its directors and
executive officers. An Indemnification Agreement will be provided to you to sign upon your acceptance.

        Please
sign the acknowledgment at the bottom of this letter acknowledging and agreeing to the terms and conditions of your service as a director of the Company. 

        We
sincerely hope that you decide to join the Board of Directors of the Company. Please contact me with any questions regarding the foregoing. 

					
	 	 	 Sincerely,
	

 	
 	
BRIDGEPOINT EDUCATION, INC.
	

 	
 	
By:	
 	
/s/ ANDREW CLARK

  Name: Andrew Clark

Title: Chief Executive Officer
	
 ACKNOWLEDGED AND AGREED TO BY:	
 	

 	
 	

 
	
        /s/ DALE CRANDALL

  Dale Crandall	
 	

 	
 	

 
	
 Date: December 31, 2008	
 	

 	
 	

 

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Exhibit 10.30

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