Document:

Amendment No. 3 to Employment Agreement--Tally Liu

 Exhibit 10.10 
 AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT 
 This
Amendment No. 3 to the Employment Agreement (“Amendment”) is entered into effective August 5, 2009, by and between Newegg Inc., a Delaware corporation (“Newegg” or the “Company”)) and
Tally Liu (“You”). This Amendment shall further modify that Employment Agreement entered into by Newegg and You dated August 1, 2008 (“Agreement”). All capitalized terms used herein and not otherwise defined will have
the meaning given them in the Agreement. 
 1. Amendment(s). The Agreement is hereby amended as follows: 
 a. Section 6(c) of the Agreement is deleted in its entirety and replaced with the following language: 
 “Annual Discretionary Share Grants. In the event you receive a cash bonus under Section 5 above, the Company shall
also issue you a number of restricted shares of its Class A Common Stock (the “Restricted Shares”) equal to one hundred fifty percent (150%) of the value of such cash bonus divided by the fair market value of the
Class A Common Stock, as determined by the Compensation Committee and/or the Board on the day such cash bonus is awarded (the “Bonus Date”), subject to your agreement to enter into and execute any restricted share documents
with customary terms and conditions, reasonably requested by the Company. In addition, the Company will pay you a further amount in cash sufficient to compensate you in full for any tax payments you may incur upon receipt of the Restricted Shares,
provided however, that you agree that you shall have the full obligation to pay any applicable taxes on any sale or transfer of the Restricted Shares. The reimbursement shall initially be paid to you in any year in which you receive a Restricted
Shares under this Section 6(c) based upon estimated tax rates agreed to between the Company’s independent tax advisers and tax and financial officers, and approved by the Compensation Committee, provided that you may submit documentation
showing that your actual incurred and paid taxes were higher than the initially reimbursed amounts and be eligible to receive the difference between that higher amount of taxes actually paid and any amount already reimbursed by the Company. For
the purposes of your 2009 bonus, this Section 6(c) shall be considered effective as of January 1, 2009. 
 For
purposes of clarity, avoidance of doubt and solely by way of example, if you receive a cash bonus equal to $500,000.00 and the Compensation Committee and/or the Board has determined that the fair market value of the Company’s
Class A Common Stock on the Bonus Date is $10 per share, you will also be granted 75,000 shares (i.e ($500,000.00 x 1.5)/$10) of restricted Class A Common Stock. Assuming that you incur approximately $300,000.00 in taxes due to the
Restricted Share grant (based on an estimated tax rate of 40% of the gross value of the Restricted Share grant), the Company would have an obligation to make an additional cash payment to you of approximately $500,000.00 such that after paying taxes
on such payment, you would receive net cash proceeds equivalent to the amount of tax you paid on your Restricted Shares. If you actually incur and pay more than 40% in taxes on your stock bonus, upon submission of appropriate documentation by
you, the Company shall promptly reimburse you for the difference between the amount already reimbursed to you and the amount you actually paid. The Company makes no representation, warranty or guarantee as to the actual fair market value of any
Company’s shares at any time or appropriate or applicable tax rates.” 

 b. Section 7 of the Agreement is deleted in its entirety and replaced with the
following language: 
 “Benefits: You shall be entitled to paid time off in accordance with the
Company’s standard policies. As you become eligible, you shall have the right to participate in and receive benefits from all present and future benefit plans specified in the Company’s policies and generally made available to similarly
situated employees of the Company, except that you will be eligible from your Start Date for up to four (4) weeks of Paid Time Off (PTOs). Nothing stated in this Agreement shall prevent the Company from changing or eliminating any benefit
during your employment with the Company. All compensation to be paid to you under this Agreement shall be less withholdings required by law. All reasonable travel and other business expenses incurred in the performance of your duties shall be
reimbursed, in accordance with the Company’s policies, as may be amended in the Company’s sole discretion, other than the expenses described in the paragraph below. 
 In addition, the Company will reimburse you up to $11,250 per month (or $135,000 per year) to use for housing and transportation
while working at the Company’s offices in Southern California, Taipei, Taiwan and Shanghai, China, as long as you are employed full-time as the CEO of the Company. Such reimbursements will not be included in your taxable wages or subject to
tax withholdings. Such amounts are being reimbursed to you based on your representations that your tax home and primary location of employment is your personal residence in Saratoga, California. All housing and transportation costs incurred by
you while working at the Company’s offices in Southern California, Taipei, Taiwan and Shanghai, China will be properly substantiated by you in accordance with standard Company policies. Any amounts paid by the Company on your behalf that are
not properly substantiated, plus any amount in excess of the $11,250 per month ($135,000 per year) limits that has not been previously repaid by you to the Company, will be included in your taxable wages, subject to all applicable tax
withholdings. 
 2. Miscellaneous. The terms of this Amendment shall control to the extent of any conflict between the terms
of the Amendment and those of the Agreement. Except as specifically modified by this Amendment, the terms of the Agreement shall remain in full force and effect. No modification, change or amendment to this Amendment or any provision herein shall be
effective unless agreed to by both parties in an executed writing. This Amendment may be executed in one or more counterparts, each of which will be deemed an original and all of which together shall constitute one and the same instrument.Employment Letter--Lee Cheng

 Exhibit 10.11 
  

			
	ABS Computer Technologies, Inc.
	16839 E. Gale Ave City of Industry, CA 91745
	Tel: (626) 271 9700	 	Fax: (626) 271 9466

 September 1, 2005 
 Personal and Confidential 
 Lee Cheng 
 330 Cordova St., Unit 300 
 Pasadena, CA 91101

 Dear Lee, 
 First of all, we’d
like to express our sincere appreciation for your interest in our company. We know that our recruitment process for General Counsel was longer than expected. But, as you may be able to appreciate, we wanted to assure ourselves of identifying an
experienced individual for this important role to help us achieve our next levels of success. We sense that you have the experience we are looking for and, thus, we are pleased to offer you employment as General Counsel. You will report to
Mr. Jerry Kanaly the company’s CFO. 
 This position is classified as a full-time position. Your start date will be September 26,
2005. Your base salary is $14,583 per month, which when annualized is $175,000 per year. At the discretion of the company, based upon your performance, continuous service and the company’s profitability, you will be eligible for a bonus in
fiscal 2005. The bonus will be awarded after you’ve completed service through December 31, 2005, and will be paid out in early 2006 in accordance with company practice. 
 The company intends to consolidate its operations under Newegg Computers, which is the entity that generates about 95% of our total revenues. Upon completion of the consolidation you will become the
General Counsel of the new entity, Newegg Computers. When you join the company, management will recommend that you be granted an option for the purchase of (TBD) shares of Newegg common stock under the equity incentive plan that is being developed
by our outside compensation consultant. The exercise price will be the fair market value (FMV) of the Newegg common stock at the date the option is granted. 
 The option will only be exercisable by you, assuming continuous employment, at the rate of (TBD) of the total shares covered by the option per year, beginning with the first year anniversary of your date
of hire. The option and all shares may not be transferred or assigned or sold to any person except in accordance with the stock option agreement referred to in this paragraph. The company will retain a right to purchase the shares you acquire under
the option in the event of your separation from employment with ABS (due to death, disability, or termination), but will not be obligated to purchase them. You will be required to sign the company’s stock option agreement that reflects this
option and other terms and conditions that will apply to the option and the shares. The option proposed for you is subject to the approval of an equity plan by the Board and the shareholders of Newegg and Newegg’s compliance with applicable
securities and corporate laws. 
  

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 You will also be provided an executive benefits package paid in full by the company. It offers Medical,
Dental, Vision Care, Life and AD&D insurance. Your benefits eligibility begins as of your start date and the coverage is for you and your family. A benefits coverage summary sheet is attached. 
 A 401K plan is available after six months of employment. All regular full time employees who have completed six months of continuous service and are at 21
years of age are eligible for deferral. For details please see the attached 401K plan benefits summary for 2005-2006. 
 We have a company wide
policy of at will employment, including for executives. We would like to inform you that you are an “employee-at-will,” and your employment is terminable at any time for any reason or no reason at all by either you or the company. This
offer is not intended to be a contract of employment and shall not be construed as such. Also, this offer is contingent upon the successful completion of your background investigation. 
 Lastly, company policies, as adopted or modified from time to time, are conditions of your employment. 
 We are looking forward to your joining our team here at ABS Computer Technologies, Inc. If you have any questions please do not hesitate to contact me. 
  

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