Document:

Filed by Bowne Pure Compliance

 

Exhibit No. 10(a)

English Language Summary of Sale and Leaseback Agreement*

On February 18, 2008, Digi International GmbH, a subsidiary of Digi International Inc. (“Digi”) entered into a binding
contract for the sale of its building (the “Building”) to Deutsche Structured Finance GmbH & Co. Alphard KG (“DSF”).
On the same date, DIGI signed a leaseback agreement with DSF to lease back a part of the building. The Building is
located at Joseph-von-Fraunhofer-Str. 23, D-44227 Dortmund, Germany.

Both parties agreed to the following:

	 	1.	 	SALE OF THE BUILDING. DSF will purchase the building for 4,500,000 Euros.

	 	2.	 	TRANSFER OF OWNERSHIP. The ownership of the Building is transferred at the date of payment. The due
date of the payment is 10 days after certain common legal criteria per the contract have been met. The
transfer of ownership is expected to take place in the month of March, 2008.

	 	3.	 	WITHHOLDING AMOUNTS. DSF can withhold from the purchase price an amount of 266,260 Euros (see Item 4
below), the temporary guarantee of the rental deposit for the second tenant for the rental agreement between
the second tenant and DSF (25,000 Euros) and the handover of building plans and other certain documentation
regarding the building (7,500 Euros).

	 	4.	 	LEASEBACK AGREEMENT. The effective date of the Leaseback Agreement will be the transfer of ownership
date. As per the agreement, DIGI will lease back 1,996 square meters, which represents approximately 40% of
the total building space. The initial period of the contract is 5 years with a renewal option of an
additional 5 years, if DSF is notified 12 months before the end of the initial lease term. The monthly rent
excluding overhead expenses is 20,100 Euros. Rental payments may be adjusted along with the consumer price
index. Along with the leaseback agreement, DIGI will deposit 266,260 Euros as a security deposit into an
interest bearing bank account at Deutsche Bank, Dortmund.

The Sale and Leaseback Agreement also contains provisions with respect to other obligations of the parties to each
other, including various covenants and conditions to close, the governing law and other miscellaneous matters.

In addition, the Sale and Leaseback Agreement also contains several addendums, which have been omitted from this
summary. These addendums include the following:

	 	1.	 	Table of existing lease agreements

	 	2.	 	New lease agreement between Digi and DSF and also between second tenant and DSF which also includes floor
and occupancy plans, summary of space leased, requirements for the deposit given by Digi (see Item 4 above),
regulations on how occupancy costs are compiled, and tenant occupancy rules

	 	3.	 	Documentary requirements including general requirements, maps of the land parcel, building floor plans,
and technical documentation.

	 	4.	 	Document stating that the signers representing DSF are authorized to sign the sale agreement.

 

* This document is an English Language summary of an original
document in the German Language.Filed by Bowne Pure Compliance

 

Exhibit 10.2

March 26, 2007

VIA Overnight Mail

Scott Hardy

5002 Trailridgeway

Atlanta, GA 30338

Dear Scott:

I am pleased to officially offer you the opportunity to join us at GSI Commerce. I truly
believe that you will be a great addition to our team.

Subject to compliance with the terms and conditions of this letter and approval of the Board of
Directors of GSI Commerce, Inc., and subject to fully satisfying all final background and reference
checks, we are pleased to offer you employment in the position Executive Vice President, Business
Management at GSI Commerce Solutions, Inc. (the “Company”). In your capacity as EVP, Business
Management, you will be responsible for the functions outlined in the position description given to
you and discussed with you and will have such other responsibilities and duties consistent with
your position as may from time to time be prescribed by the Company’s Chief Executive Officer or
Board of Directors. You will devote your working time, energy, skill and best efforts to the
performance of your duties for the Company in a manner which will further the business and
interests of the Company. Your principal place of employment will be at the Company’s offices in
King of Prussia, PA. The terms of your employment are:

	 	•	 	Your annual base salary will be $400,000.00. Your base salary, less payroll deductions
and required withholdings, will be payable in accordance with the Company’s normal payroll
practices. Your base salary will be reviewed annually after December 31, 2007 during the
Company’s annual performance review process. Merit increases will be based upon your
performance review rating. You will be eligible for a review and increase (not pro-rated)
in January, 2008.

	 
	 	•	 	Subject to approval of the Board of Directors of GSI Commerce, Inc., you will be granted
under the GSI Commerce, Inc. 2005 Equity Incentive Plan or such other plan as may then be
in effect (the “Equity Plan”) a Restricted Stock Unit award to receive shares of GSI
Commerce, Inc. This award will have an aggregate value of $1,250,000.00 based on the fair
market value of a share of such Common Stock on the later of the date the Board approves
the grant or the date you begin employment with the Company. This award will vest as to
20% of the total number of shares on each of the first, second, third, fourth and fifth
annual anniversary of the date the grant. The Company will deliver the shares to you as
they vest, and you will not be required to pay any consideration for the vested shares
other than the services you rendered to the Company. You will be eligible for an annual
grant (not pro-rated) in March, 2008.

 

 

 

	 	 	 
	 

	 	March 26, 2007 
	 

	 	Page 2 

	 	•	 	You will be eligible to participate in the annual bonus plan available to senior
management level employees at the Company. Under the plan recently approved by the Board
of Directors, you will have the opportunity to receive an incentive bonus of 50% of your base pay provided you and the Company achieve certain performance objectives. We are
guaranteeing you will receive a full bonus for 2007 paid in March of 2008. The Company
retains the right to modify, replace or terminate any bonus plan or program from time to
time, although this will not apply to your 2007 bonus guarantee. All interpretations and
determinations with respect to bonuses, including calculation of the amount of any bonus and
determination that a bonus has been earned, will be made by the Company and the Company’s
determination will be final and binding.

	 
	 	•	 	You will be eligible to participate in all employee benefit plans or programs of the
Company now existing or established hereafter and offered generally to other senior
management team members of the Company, subject to the terms and provisions of such plans
including applicable waiting periods. Details about these benefits will be made available
for your review. The Company retains the right to modify, replace or terminate any or all
of its employee benefits plans or programs (including the Equity Plan) from time to time.

	 
	 	•	 	It is our objective to move you and your family to the King of Prussia, PA area as
quickly and seamlessly as possible. Toward that goal, the Company will pay or reimburse
you for the actual and reasonable expenses for the following items relating to your
relocation from Atlanta, GA to King of Prussia, as outlined herein. We will reimburse you
for the physical move of you and your household goods including packing and unpacking your
household goods and personal effects; moving two automobiles; temporary living and
temporary storage in the King of Prussia area for 90 days; and two house hunting trips
which consists of round-trip airfare for two people, hotel accommodations for up to four
nights, car rental for five days and meals (up to $50 per day per person). We will pay you
an amount equal to 2% of the purchase price of your new home to cover some of the costs
associated with that purchase. We will pay this to you within 7 days of closing. We will
also provide you with home sale protection to cover the unlikely event that you suffer a
financial loss on the sale of your home related to any significant investments made to
renovate your home in the past two years, up to a maximum of $100,000. We will provide
you with a relocation allowance of up to $50,000 less taxes. Finally, in the event that you
are carrying two mortgages simultaneously, we will cover the interest cost of the lower of
the two mortgages for up to four (4) months. You will be required to submit such invoices
and documentation as may be reasonably required by the Company for all reimbursements.

	 
	 	•	 	If you resign your employment with the Company or the Company terminates your employment
with “cause” (as defined below) during the first two (2) years of your employment, you will
repay the Company a pro-rata portion of all amounts incurred or reimbursed by the Company
in connection with such relocation as follows: 100% will be reimbursed by you if such a
departure occurs in the first year of your employment and the reimbursement owed will
decline by 1/12 for each month in the second year.

 

 

 

	 	 	 
	 

	 	March 26, 2007 
	 

	 	Page 3 

	 	•	 	The term “cause” means that (i) gross negligence or willful misconduct in the
performance of your duties for the Company; (ii) breach or violation, in a material
respect, of any agreement between the Company and you, the Company’s Code of
Business Conduct or any of the Company’s policy statements, including those regarding
conflicts-of-interest, insider trading, confidentiality or harassment; (iii) commission of a
material act of dishonesty or breach of trust; (iv) acting in a manner that is inimical or
injurious, in a material respect, to the business or interests of the Company; or (v)
conviction of a felony.

	 
	 	•	 	Within 30 days from your start date, the Company will pay you a one-time signing bonus
of $100,000, less taxes. Like the relocation assistance, should you resign your employment
with the Company or should the Company terminate your employment for cause during your
first two years of employment, you will repay to the Company a pro-rata portion of this
sign-on bonus under the same terms outlined above.

	 
	 	•	 	You may terminate your employment with the Company at any time and for any reason
whatsoever. Likewise, the Company may terminate your employment at any time and for any
reason whatsoever, with or without cause or advance notice. This at-will employment
relationship cannot be changed except in writing signed by an officer of the Company.

	 
	 	•	 	If the Company terminates your employment without “cause”, the Company will continue to
pay your base salary in accordance with the terms of this letter as follows: if such a
termination occurs in 2007, we will provide 24 months of base-pay; if it occurs in 2008, we
will pay you 18 months of base-pay; and if it occurs in 2009, we will provide you with 12
months of base-pay. These payments will be made only if you are terminated without cause
and provided you execute the Company’s standard separation and release agreement. Any
severance to which you become entitled under this paragraph will be payable in accordance
with the Company’s normal payroll practices and will be subject to payroll deductions and
required withholdings.

You represent to the Company that there are no restrictions, agreements or understandings
whatsoever to which you are a party or by which you are bound which would prevent or make unlawful
your execution of this letter or your employment hereunder and that your execution of this letter
and your employment hereunder do not constitute a breach of any agreement or understanding to which
you are a party or to which you are bound. You also represent that you will not bring with you to
the Company or use during your employment with the Company any confidential or proprietary
information of any prior employer or other third party with respect to which you are under a
confidentiality obligation. To the extent required by law, this offer is subject to satisfactory
proof of your right to work in the United States

As an employee of the Company, you will be expected to abide by the Company’s rules and
regulations, acknowledge in writing that you have read and will comply with the Company’s Code of
Business Conduct and the Company’s Employee Handbook. As a condition of your employment, you will
be required to sign and comply with the Company’s form of Employee Agreement (a copy of which is
attached), which includes a prohibition on the unauthorized use or disclosure of the Company’s
confidential or proprietary information, a prohibition against engaging in competitive activities
or soliciting employees of the Company during, and for one year after the end of, your employment
with the Company, and provisions acknowledging the Company’s ownership in, and assigning to the Company all rights to, any inventions developed by you
during your employment with the Company.

 

 

 

	 	 	 
	 

	 	March 26, 2007 
	 

	 	Page 4 

The employment terms set forth in the above bullets in this letter supersede any prior written or
oral agreements or promises and any contemporaneous or subsequent oral agreements or promises made
to you by anyone on behalf of the Company with respect to such employment terms.

Please indicate your acceptance of this offer by signing and dating this letter where indicated
below, and returning a copy to me on or before March 30, 2007. If you accept this offer, and
subject to satisfaction of the conditions set forth in this letter, we expect that you will begin
your employment with the Company no later April 30, 2007.*

Once again, I am thrilled you are joining us. I believe you are really going to enjoy working
here, and I know you will add tremendous value. Feel free to call me with any questions.

Sincerely,

/s/ Michael G. Rubin

Michael Rubin

Chairman and CEO

AGREED TO AND ACCEPTED:

	 	 	 
	/s/ J. Scott Hardy
 

Scott Hardy

	 	 
	 
	 	 
	3/28/07
 

Date

	 	 

4/30 subject to separation agreement w/BE

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