Document:

Exhibit 10.8

 

GUARANTY
AND SURETYSHIP AGREEMENT

 

THIS
GUARANTY AND SURETYSHIP AGREEMENT (this “Guaranty”) is made and entered into as of this 27th
day of July 2018, by NEWEGG ENTERPRISES LLC, a Delaware limited liability company (“Newegg Enterprises”),
NEWEGG TECH, INC., a Delaware corporation (formerly known as Newegg Mall, Inc.) (“Newegg Tech”), CHIEFVALUE.COM,
INC., a New Jersey corporation (“ChiefValue”), NUTREND AUTOMOTIVE, INC., a Delaware corporation
(“NuTrend”) and TNOPC, Inc., a Tennessee corporation (“TNOPC” and together Newegg Enterprises,
Newegg Tech, Chief Value, NuTrend and with each other Person hereafter made a party hereto, the “Guarantors”
and each a “Guarantor”), each with an address at 17560 Rowland Street, City of Industry, CA 91748, or such
other address as may be indicated in the documentation pursuant to which such person is made a party hereto, in favor of EAST
WEST BANK (“East West”), in its capacity as administrative agent of the Secured Parties (in such capacity,
the “Administrative Agent”), with an address at 2350 Mission College Boulevard, Suite 988, Santa Clara, California
95054. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement
(as defined below).

 

WHEREAS,
pursuant to that certain Revolving Credit and Security Agreement, dated as of the date hereof, by and among Newegg Inc., a Delaware
corporation (“Newegg”), Newegg North America Inc., a Delaware corporation (“Newegg NorAm”),
Newegg.com Americas Inc., a Delaware corporation (“Newegg Americas”), Newegg Canada Inc. an Ontario corporation
(“Newegg Canada”), Newegg Business Inc., a Delaware corporation (“Newegg Biz”), OZZO Inc.,
a Delaware corporation “Ozzo”), Magnell Associate, Inc., a California corporation (“Magnell”),
Rosewill Inc., a Delaware corporation (“Rosewill”), Newegg Marketplace Inc., a Delaware corporation (“Newegg
Marketplace”), INOPC, INC., an Indiana corporation (“INOPC”), CAOPC, Inc., a California corporation
(“CAOPC”), NJOPC, Inc., a New Jersey corporation (“NJOPC”), and Newegg Logistics Services
Inc., a Delaware corporation (“Newegg Logistics”) (Newegg, Newegg NorAm, Newegg Americas, Newegg Canada, Newegg
Biz, Ozzo, Magnell, Rosewill, Newegg Marketplace, INOPC, CAOPC, NJOPC, Newegg Logistics and each Person joined to the below defined
Credit Agreement as a borrower from time to time, jointly and severally, collectively, “Borrowers,” and each,
a “Borrower”), the lenders from time to time party thereto (collectively, the “Lenders”), East
West as Administrative Agent, Sole Arranger, Book Runner and Syndication Agent, PNC Bank, National Association, as Collateral
Agent (as amended, restated, supplemented or otherwise modified from time to time, including all schedules thereto, the “Credit
Agreement”), the Agents and the Lenders are willing to make certain loans and financial accommodations available to
the Borrowers from time to time pursuant to the terms and conditions thereof; and

 

WHEREAS,
each Guarantor is an Affiliate of the Borrowers and will indirectly benefit from the loans and financial accommodations extended
to the Borrowers by Agents and the Lenders.

 

NOW,
THEREFORE, each Guarantor, jointly and severally, hereby agrees in favor of the Administrative Agent, for the benefit of the
Secured Parties, as follows:

 

1. Guaranty
of Obligations. The Guarantors hereby, jointly and severally, unconditionally guarantee, and become surety for, the prompt
payment and performance of all “Obligations” as defined in the Credit Agreement owing by any Borrower at any time
(including any interest accruing thereon after maturity, or after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding relating to any Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding), whether direct or indirect, absolute or contingent, joint or several, due or to become
due, now existing or hereafter arising, and all costs and expenses, including reasonable attorneys’ fees and disbursements,
incurred by Administrative Agent, on its behalf, on behalf of the Secured Parties in connection with the enforcement or collection
thereof, the enforcement of this Guaranty or any Other Documents made by any Guarantor in favor of Administrative Agent or any
Secured Party in connection with any of the foregoing (collectively, the “Obligations”). If any Borrower defaults
under any such Obligations (after giving effect to any applicable grace period), the Guarantors will, jointly and severally, pay
such amount due, to the Administrative Agent for the benefit of the Secured Parties.

 

     

     

    

 

 2. Nature of Guaranty; Waivers.

 

(a) This
is a guaranty of payment and not of collection and neither the Administrative Agent nor any Secured Party shall be required or
obligated, as a condition of any Guarantor's liability, to make any demand upon or to pursue any of its rights against any Borrower,
any other person, or to pursue any rights which may be available to it with respect to any other person who may be liable for
the payment of the Obligations.

 

(b) This
is an absolute, unconditional, irrevocable and continuing guaranty and, subject to the provisions of Section 3 hereof, will remain
in full force and effect until all of the Obligations (other than contingent indemnity obligations for which no claim has yet
been made) have been paid in full in cash or cash collateralized in accordance with the terms of the Credit Agreement, and the
commitments of the Secured Parties under the Credit Agreement have been terminated. This Guaranty will remain in full force and
effect even if there is no principal balance outstanding under the Obligations at a particular time or from time to time. This
Guaranty will not be affected by any surrender, exchange, acceptance, compromise or release by the Administrative Agent of any
other party, or any other guaranty or any security held by it for any of the Obligations, by any failure of the Administrative
Agent to take any steps to perfect or maintain its lien or security interest in or to preserve its rights to any security or other
Collateral for any of the Obligations or any guaranty, or by any irregularity, unenforceability or invalidity of any of the Obligations
or any part thereof or any security or other guaranty thereof. The Guarantors’ obligations hereunder shall not be affected,
modified or impaired by any counterclaim, set-off recoupment, deduction or defense based upon any claim any Guarantor may have
(directly or indirectly) against any Borrower, the Administrative Agent or any Secured Party, except payment or performance of
the Obligations.

 

(c) Notice
of acceptance of this Guaranty, notice of extensions of credit to any Borrower from time to time, notice of default, diligence,
presentment, notice of dishonor, protest, demand for payment, and any defense based upon the Administrative Agent's failure to
comply with the notice requirements under Sections 9-611 and 9-612 of the Uniform Commercial Code as in effect from time to time
are hereby waived. Each Guarantor waives, to the fullest extent permitted by Applicable Law, all defenses based on suretyship
or impairment of collateral.

 

(d) The
parties to the Credit Agreement and the Other Documents may, at any time and from time to time, without notice to or the consent
of any Guarantor, and without impairing or releasing, discharging or modifying the Guarantors’ liabilities hereunder, amend,
modify, waive or supplement such agreements and documents to (i) change the manner, place, time or terms of payment or performance
of or interest rates on, or other terms relating to, any of the Obligations; (ii) renew, substitute, modify, amend or alter, or
grant consents or waivers relating to any of the Obligations, any other guaranties, or any security for any Obligations or guaranties;
(iii) apply any and all payments by whomever paid or however realized including any proceeds of any Collateral, to any Obligations
of any Borrower in such order, manner and amount as the Administrative Agent and the Secured Parties may determine in their sole
discretion; (iv) settle, compromise or deal with any other person, including any Borrower or any Guarantor, with respect to any
Obligations in such manner as the Administrative Agent and the Secured Parties deem appropriate in their sole discretion; (v)
substitute, exchange or release any security or guaranty; or (vi) take such actions and exercise such remedies hereunder as provided
herein.

 

    - 2 -

     

    

 

(e) Without
limiting any of the foregoing, each Guarantor waives, to the fullest extent permitted by Applicable Law (i) all rights and defenses
arising out of an election of remedies by Administrative Agent or any Secured Party, even though that election of remedies, such
as a nonjudicial foreclosure with respect to security for a guaranteed obligation, may destroy such Guarantor’s rights of
subrogation and reimbursement against any Borrower, any other guarantor or any other Person by the operation of Section 580(d)
of the California Code of Civil Procedure, any comparable statute, or otherwise and (ii) all rights and defenses that such Guarantor
may have because the Obligations are or become secured by real property, which means, among other things: (A) Administrative Agent
and Secured Parties may collect from such Guarantor without first foreclosing on any real property Collateral or personal property
Collateral pledged by any Borrower or any guarantor and (B) if Administrative Agent or any Secured Party forecloses on any real
property pledged by any Borrower or any guarantor: (1) the amount of the Obligations may be reduced only by the price for which
such real property is sold at the foreclosure sale, even if such real property is worth more than the sale price; and (2) Administrative
Agent and Secured Parties may collect from such Guarantor even if Administrative Agent or Secured Parties, by foreclosing on such
real property, have destroyed any right such Guarantor may have to collect from any Borrower or any other guarantor. The foregoing
is an unconditional and irrevocable waiver of any rights and defenses such Guarantor may have because the Obligations are secured
by real property. These rights and defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b,
580d or 726 of the California Code of Civil Procedure or any comparable statutes. As provided in Section 19, this Guaranty shall
be governed by, and construed in accordance with, the laws of the State of New York. The foregoing provisions are included solely
out of an abundance of caution and shall not be construed to mean that any of the above referenced provisions of California law
are in any way applicable to this Guaranty or the Obligations.

 

3. Repayments
or Recovery. If any demand is made at any time upon the Administrative Agent or any Secured Party for the repayment or
recovery of any amount received by it in payment or on account of any of the Obligations and if the Administrative Agent or any
Secured Party repays all or any part of such amount by reason of any judgment, decree or order of any court or administrative
body or by reason of any settlement or compromise of any such demand, the Guarantors will be and remain liable hereunder for the
amount so repaid or recovered to the same extent as if such amount had never been received originally by the Administrative Agent
or such Secured Party. The provisions of this section will be and remain effective notwithstanding any contrary action which may
have been taken by any Guarantor in reliance upon such payment, and any such contrary action so taken will be without prejudice
to the Administrative Agent’s and each Secured Party’s rights hereunder and will be deemed to have been conditioned
upon such payment having become final and irrevocable.

 

4. Keepwell.
If any Guarantor it is a Qualified ECP Loan Party, then jointly and severally, together with each other Qualified ECP Loan
Party, such Guarantor hereby absolutely unconditionally and irrevocably (a) guarantees the prompt payment and performance of all
Swap Obligations owing by each Non-Qualifying Party (it being understood and agreed that this guarantee is a guaranty of payment
and not of collection), and (b) undertakes to provide such funds or other support as may be needed from time to time by any Non-Qualifying
Party to honor all of such Non-Qualifying Party’s obligations under the Credit Agreement or any Other Document in respect
of Swap Obligations (provided, however, that each Guarantor that is a Qualified ECP Loan Party shall only be liable under this
Section 4 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section
4, or otherwise under this Guaranty or any Other Document, voidable under Applicable Law, including Applicable Law relating to
fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Guarantor that is a Qualified
ECP Loan Party under this Section 4 shall remain in full force and effect until payment in full of the Obligations and termination
of this Guaranty and the Other Documents. Each Guarantor that is a Qualified ECP Loan Party intends that this Section 4 constitute,
and this Section 4 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other
agreement” for the benefit of each other Borrower and Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the CEA.

 

5. Enforceability
of Obligations. No modification, limitation or discharge of the Obligations arising out of or by virtue of any bankruptcy,
reorganization or similar proceeding for relief of debtors under Applicable Law will affect, modify, limit or discharge any Guarantor's
liability in any manner whatsoever and this Guaranty will remain and continue in full force and effect and will be enforceable
against each Guarantor to the same extent and with the same force and effect as if any such proceeding had not been instituted.
Each Guarantor waives, to the fullest extent permitted by Applicable Law, all rights and benefits which might accrue to it by
reason of any such proceeding and will be liable to the full extent hereunder, irrespective of any modification, limitation or
discharge of the liability of any Borrower that may result from any such proceeding.

 

    - 3 -

     

    

 

Each
Guarantor expressly waives, to the fullest extent permitted by law, the effect of any statute of limitations or other limitations
on any actions under this Guaranty.

 

6. Events
of Default. The occurrence of any Event of Default (as defined in the Credit Agreement) shall be an “Event of
Default” hereunder. Upon the occurrence and continuance of any Event of Default, (a) on demand of the Administrative
Agent, the Guarantors shall, jointly and severally, pay to the Administrative Agent, for the benefit of the Secured Parties, the
amount of the Obligations; or (b) on demand of the Administrative Agent, the Guarantors shall immediately deposit with the Administrative
Agent, in U.S. dollars, all amounts due or to become due under the Obligations, and the Administrative Agent may at any time use
such funds to repay the Obligations; or (c) the Administrative Agent in its discretion may exercise with respect to any Collateral
any one or more of the rights and remedies provided a secured party under the applicable version of the Uniform Commercial Code;
or (d) the Administrative Agent and the Secured Parties, in their discretion, may exercise from time to time any other rights
and remedies available to them at law, in equity or otherwise.

 

7. Right
of Setoff. In addition to all liens upon and rights of setoff against each Guarantor’s money, securities or other
property given to the Administrative Agent or any Secured Party by law, the Administrative Agent, for the benefit of the Secured
Parties, shall have, with respect to the Guarantors’ obligations under this Guaranty and to the extent permitted by Applicable
Law, a contractual possessory security interest in and a contractual right of setoff against, and each Guarantor hereby grants
the Administrative Agent, for the benefit of the Secured Parties, a security interest in, and hereby assigns, conveys, delivers,
pledges and transfers to the Administrative Agent, for the benefit of the Secured Parties, all of such Guarantor's right, title
and interest in and to, all of such Guarantor’s deposits, moneys, securities and other property now or hereafter in the
possession of or on deposit with, or in transit to, the Administrative Agent or any other direct or indirect affiliate or subsidiary
of The PNC Financial Services Group, Inc., whether held in a general or special account or deposit, whether held jointly with
someone else, or whether held for safekeeping or otherwise, excluding, however, all IRA, Keogh, and trust accounts. Every such
security interest and right of setoff may be exercised without demand upon or notice to any Guarantor. Every such right of setoff
shall be deemed to have been exercised immediately upon the occurrence of an Event of Default hereunder without any action of
the Administrative Agent or any Secured Party, although the Administrative Agent and the Secured Parties may enter such setoff
on their books and records at a later time.

 

8. Collateral.
This Guaranty is secured by the property described in that certain Pledge and Security Agreement, dated the date hereof, by
the Guarantors in favor of the Collateral Agent, and any other collateral security documents which any Guarantor executes and
delivers in favor of the Collateral Agent and by such other Collateral as previously may have been or may in the future be granted
to the Collateral Agent to secure any Obligations of the Guarantors or any of them.

 

9. Costs.
To the extent provided for in the Credit Agreement, if Administrative Agent or any Secured Party incurs any costs or expenses
in protecting or enforcing its rights under the Obligations or this Guaranty, including reasonable attorneys’ fees and the
costs and expenses of litigation, such costs and expenses will be due and payable in accordance with the terms of the Credit Agreement,
will be included in the Obligations and will, to the extent provided for in the Credit Agreement, bear interest from the incurring
or payment thereof at the Default Rate (as defined in the Credit Agreement).

 

10. Postponement
of Subrogation. Until all of the Obligations (other than contingent indemnity obligations for which no claim has yet been
made) have been paid in full in cash or cash collateralized in accordance with the terms of the Credit Agreement, and the commitments
of the Secured Parties under the Credit Agreement have been terminated, and are not subject to any right of revocation or rescission,
each Guarantor postpones and subordinates in favor of the Administrative Agent and the Secured Parties any and all rights which
such Guarantor may have to (a) assert any claim whatsoever against any Borrower based on subrogation, exoneration, reimbursement,
or indemnity or any right of recourse to security for the Obligations with respect to payments made hereunder, and (b) any realization
on any property of any Borrower, including participation in any marshalling of any Borrower's assets.

 

    - 4 -

     

    

 

11. Notices.
All notices, demands, requests, consents, approvals and other communications required or permitted hereunder (“Notices”)
must be in writing and shall be given in the manner set forth in Section 16.6 of the Credit Agreement.

 

12. Preservation
of Rights. No delay or omission on the Administrative Agent's or any Secured Party’s part to exercise any right
or power arising hereunder will impair any such right or power or be considered a waiver of any such right or power, nor will
the Administrative Agent’s or any Secured Party’s action or inaction impair any such right or power. The Administrative
Agent’s and the Secured Parties’ rights and remedies hereunder are cumulative and not exclusive of any other rights
or remedies which such Secured Party may have under other agreements, at law or in equity. The Administrative Agent and the Secured
Parties may proceed in any order against any Borrower, any Guarantor or any other obligor of, or Collateral securing, the Obligations.
The enumeration of the foregoing rights and remedies is not intended to be exhaustive and the exercise of any rights or remedy
shall not preclude the exercise of any other right or remedies provided for herein or otherwise provided by Applicable Law, all
of which shall be cumulative and not alternative.

 

13. Illegality.
If any part of this Guaranty is contrary to, prohibited by, or deemed invalid under Applicable Laws, such provision shall
be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid, but the remainder hereof shall not be invalidated
thereby and shall be given effect so far as possible.

 

14. Changes
in Writing. No modification, amendment or waiver of, or consent to any departure by any Guarantor from, any provision
of this Guaranty will be effective unless made in a writing signed by the Administrative Agent, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any Guarantor
will entitle any Guarantor to any other or further notice or demand in the same, similar or other circumstance.

 

15. Entire
Agreement. This Guaranty (including the documents and instruments referred to herein), together with the Credit Agreement
and the Other Documents, constitutes the entire agreement and supersedes all other prior agreements and understandings, both written
and oral, between the Guarantors and the Administrative Agent with respect to the subject matter hereof; provided, however, that
this Guaranty is in addition to, and not in substitution for, any other guarantees from any Guarantor to the Administrative Agent.

 

16. Successors
and Assigns. This Guaranty will be binding upon each Guarantor and their respective successors and assigns, and inure
to the benefit of the Administrative Agent, the Secured Parties and their respective successors and assigns. No Guarantor may
assign this Guaranty in whole or in part without the Administrative Agent's prior written consent and the Administrative Agent
and the Secured Parties may at any time assign their respective interests in this Guaranty in whole or in part as permitted by
the Credit Agreement.

 

17. Interpretation.
In this Guaranty, unless the Administrative Agent and the Guarantors otherwise agree in writing, the singular includes the
plural and the plural the singular; references to statutes are to be construed as including all statutory provisions consolidating,
amending or replacing the statute referred to; the word “or” shall be deemed to include “and/or”, the
words “including”, “includes” and “include” shall be deemed to be followed by the words “without
limitation”; and references to sections or exhibits are to those of this Guaranty. Section headings in this Guaranty are
included for convenience of reference only and shall not constitute a part of this Guaranty for any other purpose. The obligations
of all Guarantors executing this Guaranty are joint and several.

 

    - 5 -

     

    

 

18. Indemnity.
Each Guarantor shall defend, protect, indemnify, pay and save harmless Administrative Agent, Issuer, each Secured Party and
each of their respective officers, directors, Affiliates, attorneys, employees and agents (each an “Indemnified Party”)
for and from and against any and all claims, demands, liabilities, obligations, losses, damages, penalties, fines, actions, judgments,
suits, costs, charges, expenses and disbursements of any kind or nature whatsoever (including reasonable fees and disbursements
of counsel (including allocated costs of internal counsel)) (collectively, “Claims”) which may be imposed on,
incurred by, or asserted against any Indemnified Party arising out of or in any way relating to or as a consequence, direct or
indirect, of: (i) this Guaranty, the Other Documents, the Advances and other Obligations and/or the transactions contemplated
hereby and thereby; (ii) any action or failure to act or action taken only after delay or the satisfaction of any conditions by
any Indemnified Party in connection with and/or relating to the negotiation, execution, delivery or administration of this Guaranty,
the Credit Agreement and the Other Documents, the credit facilities established hereunder and thereunder and/or the transactions
contemplated hereby; (iii) any Guarantor’s failure to observe, perform or discharge any of its covenants, obligations, agreements
or duties under or breach of any of the representations or warranties made in this Guaranty and the Other Documents; (iv) the
enforcement of any of the rights and remedies of Administrative Agent, Issuer or any Secured Party under this Guaranty, the Credit
Agreement and the Other Documents; (v) any threatened or actual imposition of fines or penalties, or disgorgement of benefits,
for violation of any Anti-Terrorism Law by any Borrower or Guarantor or any Affiliate or Subsidiary thereof; and (vi) any claim,
litigation, proceeding or investigation instituted or conducted by any Governmental Body or instrumentality or any other Person
with respect to any aspect of, or any transaction contemplated by, or referred to in, or any matter related to, this Guaranty,
the Credit Agreement or the Other Documents, whether or not Administrative Agent or any Secured Party is a party thereto. Without
limiting the generality of any of the foregoing, each Guarantor shall defend, protect, indemnify, pay and save harmless each Indemnified
Party from (x) any Claims which may be imposed on, incurred by, or asserted against any Indemnified Party arising out of or in
any way relating to or as a consequence, direct or indirect, of the issuance of any Letter of Credit hereunder and (y) any Claims
which may be imposed on, incurred by, or asserted against any Indemnified Party under any Environmental Laws with respect to or
in connection with the Real Property, any Hazardous Discharge, the presence of any Hazardous Materials affecting the Real Property
(whether or not the same originates or emerges from the Real Property or any contiguous real estate), including any Claims consisting
of or relating to the imposition or assertion of any Lien on any of the Real Property under any Environmental Laws and any loss
of value of the Real Property as a result of the foregoing except to the extent such loss, liability, damage and expense is attributable
to any Hazardous Discharge resulting from actions on the part of Administrative Agent or any Secured Party. Each Guarantor’s
obligations under this Section 18 shall arise upon the discovery of the presence of any Hazardous Materials at the Real Property,
whether or not any federal, state, or local environmental agency has taken or threatened any action in connection with the presence
of any Hazardous Materials, in each such case except to the extent that any of the foregoing arises out of the gross negligence
or willful misconduct of the Indemnified Party (as determined by a court of competent jurisdiction in a final and non-appealable
judgment). Without limiting the generality of the foregoing, this indemnity shall extend to any liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses and disbursements of any kind or nature whatsoever (including fees
and disbursements of counsel) asserted against or incurred by any of the Indemnified Parties by any Person under any Environmental
Laws or similar laws by reason of any Borrower’s, any Guarantor’s or any other Person’s failure to comply with
laws applicable to solid or hazardous waste materials, including Hazardous Materials and Hazardous Waste, or other Toxic Substances.
Additionally, if any taxes (excluding taxes imposed upon or measured solely by the net income of Administrative Agent and/or any
of the Secured Parties individually or collectively, but including any intangibles taxes, stamp tax, recording tax or franchise
tax) shall be payable by Administrative Agent, Secured Parties or Borrowers on account of the execution or delivery of this Guaranty,
the Credit Agreement, or the execution, delivery, issuance or recording of any of the Other Documents, or the creation or repayment
of any of the Obligations hereunder, by reason of any Applicable Law now or hereafter in effect, Guarantors will pay (or will
promptly reimburse Administrative Agent and Secured Parties for payment of) all such taxes, including interest and penalties thereon,
and will indemnify and hold the Indemnified Parties harmless from and against all liability in connection therewith.

 

    - 6 -

     

    

 

19. Governing
Law and Jurisdiction. This Guaranty and each Other Document (unless and except to the extent expressly provided otherwise
in any such Other Document), and all matters relating hereto or thereto or arising herefrom or therefrom (whether arising under
contract law, tort law or otherwise) shall, in accordance with Section 5-1401 of the General Obligations Law of the State of New
York, be governed by and construed in accordance with the laws of the State of New York, without regard to any conflict of laws
principles which would have the effect of applying the laws of any other jurisdiction. Any judicial proceeding brought by or against
any Guarantor with respect to any of the Obligations, this Guaranty, the Credit Agreement, the Other Documents or any related
agreement may be brought in any court of competent jurisdiction in the State of New York, United States of America, and, by execution
and delivery of this Guaranty, each Guarantor accepts for itself and in connection with its properties, generally and unconditionally,
the non-exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in
connection with this Guaranty. Each Guarantor hereby waives personal service of any and all process upon it and consents that
all such service of process may be made by certified or registered mail (return receipt requested) directed to Borrowing Agent
at its address set forth in Section 16.6 of the Credit Agreement and service so made shall be deemed completed five (5) days after
the same shall have been so deposited in the mails of the United States of America, or, at Administrative Agent’s option,
by service upon Borrowing Agent which each Guarantor irrevocably appoints as such Guarantor’s agent for the purpose of accepting
service within the State of New York. Nothing herein shall affect the right to serve process in any manner permitted by Applicable
Law or shall limit the right of Administrative Agent or any Secured Party to bring proceedings against any Guarantor or any Borrower
in the courts of any other jurisdiction. Each Guarantor waives any objection to jurisdiction and venue of any action instituted
hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. Each Guarantor
waives the right to remove any judicial proceeding brought against such Guarantor in any state court to any federal court. Any
judicial proceeding by any Guarantor against Administrative Agent or any Secured Party involving, directly or indirectly, any
matter or claim in any way arising out of, related to or connected with this Guaranty or any related agreement, shall be brought
only in a federal or state court located in the County of New York, State of New York.

 

 20. Waiver of Jury Trial; Judicial Reference.

 

(a) JURY
TRIAL WAIVER. EACH PARTY TO THIS GUARANTY HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, COUNTERCLAIM, DEMAND,
ACTION OR CAUSE OF ACTION (i) ARISING UNDER THIS GUARANTY OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED
IN CONNECTION HEREWITH, OR (ii) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY
OF THEM WITH RESPECT TO THIS GUARANTY, OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH,
OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN
CONTRACT OR TORT OR OTHERWISE AND EACH PARTY HEREBY CONSENTS THAT ANY SUCH CLAIM, COUNTERCLAIM, DEMAND, ACTION OR CAUSE OF ACTION
SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS GUARANTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY
OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL
BY JURY.

 

(b) JUDICIAL
REFERENCE. IN THE EVENT THAT ANY ACTION OR PROCEEDING IS COMMENCED OR MAINTAINED IN ANY COURT IN THE STATE OF CALIFORNIA WITH
RESPECT TO ANY CONTROVERSY, DISPUTE OR CLAIM (EACH, A “CONTROVERSY”) BETWEEN ANY OF THE PARTIES TO THIS GUARANTY
OR ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER DOCUMENT OR INSTRUMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH,
AND THE WAIVER OF JURY TRIAL SET FORTH ABOVE IS NOT ENFORCEABLE, AND EACH PARTY TO SUCH ACTION DOES NOT SUBSEQUENTLY WAIVE IN
AN EFFECTIVE MANNER UNDER CALIFORNIA LAW ITS RIGHT TO A TRIAL BY JURY, THE PARTIES HERETO HEREBY ELECT TO PROCEED AS FOLLOWS:

 

(i) WITH
THE EXCEPTION OF THE ITEMS SPECIFIED IN CLAUSE (ii) BELOW, ALL CONTROVERSIES WILL BE RESOLVED BY A REFERENCE PROCEEDING IN ACCORDANCE
WITH THE PROVISIONS OF SECTIONS 638, ET SEQ. OF THE CALIFORNIA CODE OF CIVIL PROCEDURE (“CCP”), OR THEIR SUCCESSOR
SECTIONS, WHICH SHALL CONSTITUTE THE EXCLUSIVE REMEDY FOR THE RESOLUTION OF ANY CONTROVERSY, INCLUDING WHETHER THE CONTROVERSY
IS SUBJECT TO THE REFERENCE PROCEEDING. EXCEPT AS OTHERWISE PROVIDED ABOVE, VENUE FOR THE REFERENCE PROCEEDING WILL BE IN ANY
COURT IN WHICH VENUE IS APPROPRIATE UNDER APPLICABLE LAW (THE “COURT”).

 

    - 7 -

     

    

 

(ii) THE
MATTERS THAT SHALL NOT BE SUBJECT TO A REFERENCE ARE THE FOLLOWING: (A) NON-JUDICIAL FORECLOSURE OF ANY SECURITY INTERESTS IN
PERSONAL PROPERTY; (B) EXERCISE OF SELF HELP REMEDIES (INCLUDING SET-OFF); (C) APPOINTMENT OF A RECEIVER; AND (D) TEMPORARY, PROVISIONAL
OR ANCILLARY REMEDIES (INCLUDING WRITS OF ATTACHMENT, WRITS OF POSSESSION, TEMPORARY RESTRAINING ORDERS OR PRELIMINARY INJUNCTIONS).
THIS GUARANTY DOES NOT LIMIT THE RIGHT OF ANY PARTY TO EXERCISE OR OPPOSE ANY OF THE RIGHTS AND REMEDIES DESCRIBED IN CLAUSES
(A) AND (B) OR TO SEEK OR OPPOSE FROM A COURT OF COMPETENT JURISDICTION ANY OF THE ITEMS DESCRIBED IN CLAUSES (C) AND (D). THE
EXERCISE OF, OR OPPOSITION TO, ANY OF THOSE ITEMS DOES NOT WAIVE THE RIGHT OF ANY PARTY TO A REFERENCE PURSUANT TO THIS GUARANTY.

 

(iii) THE
REFEREE SHALL BE A RETIRED JUDGE OR JUSTICE SELECTED BY MUTUAL WRITTEN AGREEMENT OF THE PARTIES. IF THE PARTIES DO NOT AGREE WITHIN
TEN (10) DAYS OF A WRITTEN REQUEST TO DO SO BY ANY PARTY, THEN, UPON REQUEST OF ANY PARTY, THE REFEREE SHALL BE SELECTED BY THE
PRESIDING JUDGE OF THE COURT (OR HIS OR HER REPRESENTATIVE). A REQUEST FOR APPOINTMENT OF A REFEREE MAY BE HEARD ON AN EX PARTE
OR EXPEDITED BASIS, AND THE PARTIES AGREE THAT IRREPARABLE HARM WOULD RESULT IF EX PARTE RELIEF IS NOT GRANTED.

 

(iv) EXCEPT
AS EXPRESSLY SET FORTH IN THIS GUARANTY, THE REFEREE SHALL DETERMINE THE MANNER IN WHICH THE REFERENCE PROCEEDING IS CONDUCTED
INCLUDING THE TIME AND PLACE OF HEARINGS, THE ORDER OF PRESENTATION OF EVIDENCE, AND ALL OTHER QUESTIONS THAT ARISE WITH RESPECT
TO THE COURSE OF THE REFERENCE PROCEEDING. ALL PROCEEDINGS AND HEARINGS CONDUCTED BEFORE THE REFEREE, EXCEPT FOR TRIAL, SHALL
BE CONDUCTED WITHOUT A COURT REPORTER, EXCEPT THAT WHEN ANY PARTY SO REQUESTS, A COURT REPORTER WILL BE USED AT ANY HEARING CONDUCTED
BEFORE THE REFEREE, AND THE REFEREE WILL BE PROVIDED A COURTESY COPY OF THE TRANSCRIPT. THE PARTY MAKING SUCH A REQUEST SHALL
HAVE THE OBLIGATION TO ARRANGE FOR THE COURT REPORTER. SUBJECT TO THE REFEREE’S POWER TO AWARD COSTS TO THE PREVAILING PARTY,
GUARANTORS WILL PAY THE COST OF THE REFEREE AND ALL COURT REPORTERS.

 

    - 8 -

     

    

 

(v) THE
REFEREE SHALL BE REQUIRED TO DETERMINE ALL ISSUES IN ACCORDANCE WITH EXISTING APPLICABLE CASE LAW AND STATUTORY LAW. THE RULES
OF EVIDENCE APPLICABLE TO PROCEEDINGS AT LAW IN THE COURT WILL BE APPLICABLE TO THE REFERENCE PROCEEDING. THE REFEREE SHALL BE
EMPOWERED TO ENTER EQUITABLE AS WELL AS LEGAL RELIEF, ENTER EQUITABLE ORDERS THAT WILL BE BINDING ON THE PARTIES AND RULE ON ANY
MOTION THAT WOULD BE AUTHORIZED IN A COURT PROCEEDING. THE REFEREE SHALL ISSUE A DECISION AT THE CLOSE OF THE REFERENCE PROCEEDING
WHICH DISPOSES OF ALL CLAIMS OF THE PARTIES THAT ARE THE SUBJECT OF THE REFERENCE. PURSUANT TO CCP SECTION 644, SUCH DECISION
SHALL BE ENTERED BY THE COURT AS A JUDGMENT OR AN ORDER IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT AND ANY
SUCH DECISION WILL BE FINAL, BINDING AND CONCLUSIVE. THE PARTIES RESERVE THE RIGHT TO APPEAL FROM THE FINAL JUDGMENT OR ORDER
OR FROM ANY APPEALABLE DECISION OR ORDER ENTERED BY THE REFEREE. THE PARTIES RESERVE THE RIGHT TO FINDINGS OF FACT, CONCLUSIONS
OF LAWS, A WRITTEN STATEMENT OF DECISION, AND THE RIGHT TO MOVE FOR A NEW TRIAL OR A DIFFERENT JUDGMENT, WHICH NEW TRIAL, IF GRANTED,
IS ALSO TO BE A REFERENCE PROCEEDING UNDER THIS PROVISION.

 

(vi) THE
PROVISIONS OF THIS SECTION 20(b) ARE INCLUDED OUT OF AN ABUNDANCE OF CAUTION AND NEITHER THE INCLUSION OF THIS SECTION 20(b),
NOR ANY REFERENCE TO CALIFORNIA LAW CONTAINED HEREIN SHALL BE DEEMED TO AFFECT OR LIMIT IN ANY WAY THE PARTIES’ CHOICE OF
NEW YORK LAW PURSUANT TO SECTION 19 HEREOF.

 

Each
Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, including the waiver of jury trial,
and has been advised by counsel as necessary or appropriate.

 

[signature
pages follow]

 

    - 9 -

     

    

 

WITNESS
the due execution hereof, as of the date first written above, with the intent to be legally bound hereby.

 

	 	GUARANTOR:
	 	 	 
	 	NEWEGG ENTERPRISES LLC,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Jing Wu
	 	Name:	Jing
    Wu
	 	Title:	President
	 	 	 
	 	NEWEGG TECH INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Jing Wu
	 	Name:	Jing
    Wu
	 	Title:	President
	 	 	 
	 	CHIEFVALUE.COM, INC.,
	 	a New Jersey corporation
	 	 	 
	 	By:	/s/
    Jing Wu
	 	Name:	Jing
    Wu
	 	Title:	President
	 	 	 
	 	NUTREND AUTOMOTIVE INC.,
	 	an Delaware corporation
	 	 	 
	 	By:	/s/
    Jing Wu
	 	Name:	Jing
    Wu
	 	Title:	President
	 	 	 
	 	TNOPC, INC.,
	 	a Tennessee corporation
	 	 	 
	 	By:	/s/
    Jing Wu
	 	Name:	Jing
    Wu
	 	Title:	President

 

Signature
Page to Guaranty and Suretyship Agreement

 

     

     

    

 

	ACCEPTED AND AGREED:	 
	 	 	 
	EAST WEST BANK,	 
	as Administrative Agent	 
	 	 	 
	By:	/s/
    Linda Lee	 
		Linda
    Lee	 
		First
    Vice President	 

 

Signature
Page to Guaranty and Suretyship AgreementExhibit 10.9

 

 

        ,
20  

 

VIA      

 

     

     

     ,            

 

Re: Employment Offer Letter

 

Dear      ,

 

This offer letter sets
forth the terms of your employment (“Agreement”) with Magnell Associate, Inc. dba Newegg.com, a California corporation
(the “Company”). The parties to this Agreement shall collectively be referred to herein as the “Parties”,
each a “Party”. Please review this letter carefully. If you accept employment with the Company under the terms
and conditions of this offer letter, please sign, date and return this offer letter to me on or before      
  , 20  .

 

1. Position: You will be
employed in the position of       in Company’s       department. This position
is classified as a full-time exempt position. However, such classification will not alter the “at will” status of your
employment.

 

2. Duties and Responsibilities:
You shall perform all services appropriate to the position of       as well as other duties that may
be assigned to you by the Company or your supervisor from time to time. You shall be subject to the direction of the Company and
any authorized representative or agent and the Company shall retain full control of the means and methods by which you perform
the above services. You shall be expected to travel if necessary or advisable in order to meet the obligations of your position
and you shall devote such time, interest and effort to the performance of duties under this Agreement as may be fairly and reasonably
necessary. During your employment, you shall not, without prior written consent of Company, engage in any of the following: (i)
accept any other employment; or (ii) engage, directly or indirectly, in any other business, commercial or professional activity
(whether or not pursued for pecuniary gain) that is or may be in competition with the Company, that might create a conflict of
interest with the Company, or that might otherwise interfere or negatively impact the business of the Company. You represent and
warrant that (i) you are fully qualified and competent to perform the responsibilities for which you are being hired pursuant to
the terms and conditions of this Agreement; and (ii) your execution of this Agreement, employment with the Company, and the performance
of your proposed duties under this Agreement shall not violate any obligations you may have to any former employer, other person
or entity, including any obligations with respect to proprietary or Confidential Information of any other person or entity. You
agree to indemnify and hold Company harmless against any and all costs, attorneys’ fees, losses, liabilities and expenses
resulting from any claims arising out of, directly or indirectly, or in any way related to your representations set forth herein,
including without limitation any breach thereof.

 

    - 1 -

     

    

 

3. Start Date: You will be
expected to start work on         , 20  . This offer is expressly conditioned upon
your supplying information establishing your identity and your authorization to be employed in the United States on or before your
start date, and upon satisfactory completion of reference and background checks, drug/alcohol testing, review and acknowledgement
of the Company’s Employee Handbook (including any update to the Employee Handbook, any of which when acknowledged in writing
will be incorporated into the terms of this offer letter to the extent it does not conflict with the terms of this offer letter)
your execution of and acknowledgement of the List of Prior Inventions attached as Exhibit A hereto and other customary
employment requirements.

 

4. Compensation: In consideration
for the services you render to us, the Company shall pay you $      per      ,
less standard withholdings and authorized deductions and shall be payable on the Company’s regularly scheduled paydays, as
amended from time to time. You shall also be entitled to receive overtime in accordance with state and federal laws.

 

5. Bonus: You will be eligible
to receive a bonus based on corporate profitability and your performance, at the Company’s sole discretion, and in accordance
with the Company’s policies on bonuses.

 

6. 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 which are made available from time to time
to similarly situated employees of the Company. 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.

 

7. At-Will Employment: You
understand and acknowledge that your employment is for no fixed term and is “at-will.” This means that both you and
the Company are free to end the employment relationship at any time and for any reason, with or without notice, with or without
cause and that no reason need be given for such termination. You may resign, and thereby terminate this offer letter at any time,
preferably upon giving two (2) weeks written notice to the Company. The Company may terminate your employment, and thereby terminate
this offer letter, at any time, and for any lawful reason.

 

8. Obligations Upon End of Employment:
You agree that all property, including, without limitation, all equipment, tangible Confidential Information, as defined below,
documents, books, records, reports, notes, drawings, specifications, contracts, lists, data and copies thereof, created in any
medium and furnished to, contained by or prepared by you in the course of or incident to your employment and any other material
containing, comprising or disclosing any Company inventions and third party information belongs to the Company and shall be promptly
returned to the Company upon the termination of your employment with the Company. All benefits to which you are otherwise entitled
shall cease upon the end of your employment, unless explicitly continued either under this Agreement or under any specific written
policy or benefit plan of the Company, or as required by law. Upon your departure from the Company, you shall be entitled to receive
all accrued benefits that may be due and payable at the time, but shall not be entitled to any severance pay. All Confidential
Information, unfair competition and non-solicitation representations and warranties made under this Agreement shall survive the
termination of your employment and this Agreement with the Company. Prior to your departure from the Company, you agree to fully
cooperate with the Company in all matters relating to the winding up of pending work on behalf of the Company and facilitate the
orderly transfer of work to other employees. In the event that you cease to provide service to the Company, you hereby consent
to the notification of your new employer of your rights and obligations under this Agreement.

 

9. Confidential Information Definition:
“Confidential Information” is all information, past or present, in whatever form, tangible or intangible,
pertaining in any manner to the relationship between the Company and any of its former or current employees. All information not
generally known outside of the Company’s organization, and any such information so known only through improper means, shall
be deemed Confidential Information. Without limiting the foregoing definition, Confidential Information shall include, but is not
limited to: (i) business, marketing, and strategic plans, customer lists and preferences, supplier information, pricing and costing
information, records, documents or any other information of the Company, or any information which you gained access to through
and during your employment, (ii) actions, claims or litigation against the Company, (iii) information regarding the skills and
compensation of other employees or service providers of the Company, and (iii) any information designated as “Confidential,”
“Proprietary” or some other similar designation or which under the circumstances surrounding disclosure ought to be
treated as confidential. You shall consult any Company procedures instituted to identify and protect certain types of Confidential
Information, which are considered by the Company to be safeguards in addition to the protection provided by this paragraph. Nothing
contained in those procedures or in this paragraph is intended to limit the effect of the other.

 

    - 2 -

     

    

 

10. Restrictions on Use or Disclosure
of Confidential Information: During the course of your employment, you shall use and disclose Confidential Information,
only for the benefit of the Company and as is necessary to carry out your responsibilities for the Company. Following the end of
your employment with the Company, you shall return all Confidential Information, and neither, directly or indirectly, use or disclose
any Confidential Information, except as expressly and specifically authorized in writing by the Company. You represent and warrant
that you shall hold, in strict confidence, all Confidential Information and shall not disclose such information, directly or indirectly,
to anyone outside of the Company, or use, copy, publish, or summarize any Confidential Information except where authorized by the
Company in writing. You acknowledge that the Company has received and will receive from third parties Confidential Information
subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain
limited purposes. You agree that you owe the Company and such third parties, during the period of employment and thereafter, a
duty to hold all such Confidential Information in the strictest confidence and not to disclose or use it except as necessary to
perform your obligations hereunder and as is consistent with the Company’s agreement with such third parties.

 

11. Ownership of Inventions:
You agree that all copyrightable material, notes, records, inventions, improvements, developments, discoveries and trade secrets,
whether or not patentable, conceived, made or discovered by you while rendering services for the Company, solely or in collaboration
with others, while employed by the Company (collectively, “Inventions”) shall be the sole property of Company. In addition,
to the extent allowed by law, any Inventions which constitute copyrightable subject matter shall be considered “works made
for hire” as that term is defined in the United States Copyright Act. You further agree to assign (or cause to be assigned)
and do irrevocably hereby assign fully to Company all such Inventions and any copyrights, patents or other intellectual property
rights relating thereto. Pursuant to California Labor Code Section 2872, this covenant shall not apply to an invention that qualifies
fully under the provisions of Section 2870 of the California Labor Code, as explained in the Invention Assignment Notice attached
hereto as Exhibit B. You acknowledge that all unpatented inventions, discoveries, improvements, works of authorship
or works made for hire, which were owned and controlled by you on the date of entering employment with Company have been listed
by you on Exhibit A which is attached to this Agreement. Upon the termination of your employment, or upon the earlier
request of Company, you will immediately deliver to Company all property of Company relating to, and all tangible embodiments of,
Inventions in your possession or control. You agree to assist Company, or its designee, at the expense of Company, to obtain and
from time to time enforce and defend the rights of Company in the Inventions and any copyrights, patents or other intellectual
property rights relating thereto in any and all countries, and to execute all documents reasonably necessary for Company to do
so. You further agree that, if in the course of performing your services for the Company, you incorporate into any Inventions developed
hereunder any invention, improvement, development, concept, discovery or other proprietary information owned by him or in which
you have an interest (“Item”), Company is hereby granted and shall have a nonexclusive, royalty-free, perpetual, irrevocable,
worldwide license to make, have made, modify, reproduce, display, use and sell such Item as part of or in connection with such
Inventions. You further agree that if Company, after reasonable effort, is unable because of your unavailability, mental or physical
incapacity, or for any other similar reason, to secure your signature to apply for or to pursue any application for any United
States or foreign patents or copyright registrations covering the Inventions assigned to Company above, then you hereby irrevocably
designate and appoint Company and its duly authorized officers and agents as your agent and attorney-in-fact, to act for and on
your behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution
and issuance of patents and copyright registrations thereon with the same legal force and effect as if executed by you.

 

    - 3 -

     

    

 

12. Unfair Competition: During
the course of your employment, you will have access to trade secrets and Confidential Information pertaining to the Company, its
products, customers, and its methods of doing business. You shall have access to confidential records and data pertaining to the
Company’s customers and to the relationship between these customers and the Company. Such information is considered trade
secret and is disclosed to you in confidence. During your employment by the Company subsequent to termination of your employment
for any reason, you shall not directly or indirectly disclose or use any such information, or assist or facilitate such disclosure
or use by any unauthorized third party except as required in the course of your employment and as authorized by the Company. You
specifically agree that for a period of twenty-four (24) months after termination of your employment by the Company, you will not
engage, directly or indirectly, either as a proprietor, stockholder, partner, officer, employee or otherwise, in the same or substantially
similar activities as were performed for the Company in any business within the State of California which distributes or sells
products or provides services similar to those distributed, sold, or provided by the Company.

 

13. Non-Solicitation: You
acknowledge and agree that the Company has expended and will continue to expend significant time, effort and resources in the hiring,
training and development of an unusual and extraordinary workforce whose identities and abilities the Employee would not know of
or learn but for your relationship with the Company. You further acknowledge and agree that you possess and will continue to receive
valuable Confidential Information of the Company (as defined above) and exposure to service providers and customers and potential
customers of the Company. Therefore , during your employment and for a two (2) year period after the end of your employment with
the Company, you shall not use Confidential Information to either, directly or indirectly, alone or in association with others
(i) solicit, encourage or induce any employees or consultants of the Company or any of its subsidiaries or affiliates to leave
the Company for any reason, or (ii) solicit business from or perform services for any customer, vendor, supplier, partner, licensee
or business relation of Company or any of its subsidiaries or affiliates, or induce or attempt to induce any such individual or
entity to cease doing business with the Company or in any way interfere with the relationship between any such individual or entity
and the Company.

 

14. Dispute Resolution: To
the fullest extent permitted by law, all disputes between you (including your attorneys, successors, and assigns) and Company (including
Company's current and former parent, subsidiary or affiliated companies and its and their respective, shareholders, directors,
officers, supervisors, managers, employees, agents, successors, attorneys, and assigns) relating in any manner whatsoever to your
employment or termination, including, without limitation, all disputes arising under this Agreement, ("Arbitrable Claims")
shall be resolved by binding arbitration. All persons and entities specified in the preceding sentence (other than Company and
you) shall be considered third-party beneficiaries of the rights and obligations created by this Agreement and shall be included
in the definitions of "Company" and "you" as applicable. Arbitrable Claims shall include, but are not limited
to, contract (express or implied) and tort claims of all kinds, as well as all claims based on any federal, state, or local law,
statute, or regulation. By way of example and not in limitation of the foregoing, Arbitrable Claims shall include (to the fullest
extent permitted by law) any claims arising under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment
Act, the Americans with Disabilities Act, and the California Fair Employment and Housing Act, as well as any claims alleging wrongful
termination, retaliation, harassment and/or discrimination (including, but not limited to those on the basis of, race, sex, sexual
orientation, gender identity, religion, national origin, age, marital status, medical condition, and disability), breach of contract,
breach of the covenant of good faith and fair dealing, defamation, libel, slander, invasion of privacy and/or negligent or intentional:
a) infliction of emotional distress; b) misrepresentation; c) interference with contract; or d) interference with prospective economic
advantage. This Agreement shall not prohibit you from filing administrative claims with the Workers' Compensation Appeals Board,
the Employment Development Department, the National Labor Relations Board, the California Division of Labor Standards Enforcement,
the U.S. Department of Labor, the Equal Employment Opportunity Commission and/or the Department of Fair Employment and Housing,
nor shall this Agreement prevent you from cooperating in the investigation of such charges or claims.

 

Except as otherwise required under applicable
law, you and Company expressly agree that class action and representative action procedures shall not asserted in, nor will they
apply to, any arbitration pursuant to this Agreement. You and Company further agree that each party will not assert class action
or representative action claims against the other in arbitration or otherwise. You and Company further agree that each party shall
only submit your/its own individual claims in arbitration and will not seek to represent the interests of any other person(s).

 

    - 4 -

     

    

 

Arbitration of Arbitrable Claims shall
be submitted and determined exclusively by binding arbitration at the request of either party before a single retired Superior
Court Judge in accordance with the Employment Arbitration Rules and Procedures of the Judicial Arbitration Mediation Services (“JAMS”)
or other similar organization agreed upon by the parties. The demand for arbitration must be in writing and made within the applicable
statute of limitations period and sent to the opposing party(ies). If the parties fail to jointly agree on an arbitrator, either
party shall file a Petition with the Superior Court for appointment of an arbitrator in accordance with the provisions of California
Code of Civil Procedure Section 1281.6. Notwithstanding the rules promulgated by any agreed upon or appointed ADR provider, to
the extent applicable in civil action in California courts, the following shall apply and be observed: all rules of pleading (including
the right to demurrer and to strike), all rules of evidence, all rights to resolution of the dispute by means of motions for summary
judgment/summary adjudication, judgment on the pleadings and judgment under Code of Civil Procedure Section 631.8. Additionally,
in any arbitration proceeding under this Agreement, the parties shall have the same rights to discovery as would be available in
a proceeding in California Superior Court, as provided in California Code of Civil Procedure Section 1283.05, and the arbitrator
shall have the authority to resolve any and all discovery disputes. The arbitrator shall have only such authority to award damages,
costs, and fees as a court would have for the particular claim(s) asserted. The fees for the arbitrator shall be paid by Company.
Otherwise, each party shall bear its or his own fees and costs incurred in connection with the arbitration except for any attorneys'
fees or costs which are awarded to a party by the arbitrator pursuant to a statute or contract which provides for recovery of such
fees and/or costs from the other party. The decision of the arbitrator shall be in writing and shall include a statement of the
essential conclusions and findings upon which the decision is based. The decision of the arbitrator shall be binding and conclusive
on the parties, except as may otherwise be required by law. Judgment upon the award rendered by the arbitrator may be entered in
any court having proper jurisdiction. BOTH EMPLOYEE AND COMPANY UNDERSTAND AND AGREE THAT BY USING ARBITRATION TO RESOLVE ANY
ARBITRABLE CLAIMS, THEY ARE GIVING UP ANY RIGHT THAT THEY MAY HAVE TO A COURT TRIAL BY JUDGE OR JURY TRIAL WITH REGARD TO THOSE
CLAIMS.

 

15. Notice: Any notice under
this Agreement must be in writing and shall be effective upon delivery by hand, upon facsimile transmission to the number provided
below or three (3) business days after deposit in the United States mail, postage prepaid, certified or registered, and addressed
to the Company or to you at the corresponding address below. You shall be obligated to notify the Company in writing of any change
in your address. Notice of change of address shall be effective only when done in accordance with this section.

 

	Company’s Notice Address:	Your Notice Address:
	Magnell Associate, Inc.	     
	(dba Newegg.com.)	     
	17560 Rowland Street	(   )     
	City of Industry, CA 91748	Attention:      
	 (626) 271-9700 phone	 
	(626) 271-9466 fax	 
	Attention: General Counsel	 

 

16. Miscellaneous: All actions
required or permitted to be taken under this Agreement by the Company, including, without limitation, exercise of discretion, consents,
waivers and amendments to this Agreement, shall be made and authorized in writing only by a representative of the Company specifically
authorized. This Agreement constitutes the entire agreement between the Parties hereto pertaining to the subject matter hereof
and all prior or contemporaneous agreements, representations, negotiations and understandings of the Parties hereto, oral or written,
are hereby superseded and merged herein. No modification of or amendment to this Agreement will be effective except by an instrument
in writing, signed by each of the Parties. Any waiver by one party hereto of breach of any provision of this Agreement by the other
must be agreed to by both parties in writing and shall not operate or be construed as a continuing waiver. Any failure or neglect
by either party to enforce any of the provisions hereof shall not be construed nor shall be deemed to be a waiver of such party’s
rights hereunder nor in any way affect the validity of the whole or any part of this Agreement. Employee may not assign, sell,
transfer, delegate or otherwise dispose of, any rights or obligations under this Agreement. Any such assignment, sale, transfer,
delegation or other disposal shall be null and void. Nothing in this Agreement shall prevent the consolidation of the Company with,
or its merger into, any other entity, or the sale by the Company of all or substantially all of its assets, or the otherwise lawful
assignment by the Company of any rights or obligations under this Agreement. Subject to the foregoing, this Agreement shall be
binding upon and shall inure to the benefit of the Parties and their respective heirs, legal representatives, successors, and permitted
assigns, and shall not benefit any person or entity other than those specifically enumerated in this Agreement. In the event that
any section, sub-section or other provision contained in this Agreement, for any reason, is determined and held to be invalid,
unlawful or unenforceable to any extent, such section, sub-section or other provision shall to that extent be severed from this
Agreement and the validity and enforceability of any remaining provisions of this Agreement shall not be affected and shall remain
in full force and effect to the maximum extent permissible by law. Moreover, if any one or more of the provisions contained in
this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it
shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it
shall then appear. This Agreement reflects the negotiated agreement of the Parties. Accordingly, this Agreement shall be construed
as if both Parties jointly prepared it, and no presumption against one Party or the other shall govern the interpretation or construction
of any of the provisions of this Agreement. You acknowledge that you have read and understand this Agreement, that you are fully
aware of its legal effect, and that you have entered into it freely and voluntarily and based on your own judgment and not on any
representations or promises other than those contained in this Agreement. This Agreement may be signed in two counterparts, with
each deemed an original and both of which shall together constitute one and the same agreement.

 

    - 5 -

     

    

 

IN WITNESS WHEREOF, the Parties
hereto have executed this offer letter on the day and year below.

 

	 	 	Magnell Associate, Inc.,                                                 

dba Newegg.com
	 	 	 
	Date:	 	 	By:	 
	 	 	 	Ruby Lem
	 	 	 	NA Head, Human Resources
	
        I acknowledge the terms of this offer letter
        and I have received a copy of the JAMS Employment Arbitration Rules and Procedures.

        
	 	
        
	                                          

	 	 	 By:	 
	Date:	           	 	 	 

 

[Signature Page of Offer Letter]

 

    - 6 -

     

    

 

EXHIBIT A

List of Prior Inventions

1. Prior Inventions.
Inventions, if any, patented or unpatented, made prior to the commencement of service to the Company are excluded from the
scope of this Agreement. To preclude any possible uncertainty, set forth below is a complete list of all inventions and copyrightable
material or creations that you have, alone or jointly with others, conceived, developed or reduced to practice or caused to be
conceived, developed or reduced to practice prior to the commencement of service to the Company, that you consider to be your property
or the property of third parties and that you wish to have excluded from the scope of this Agreement (collectively referred to
as “Prior Inventions”). If disclosure of any such Prior Invention would cause you to violate any prior confidentiality
agreement, you understand that you are not to list such Prior Inventions below but shall only disclose a cursory name for each
such Prior Invention, a listing of the party(ies) to whom it belongs and the fact that full disclosure as to such Prior Inventions
has not been made for that reason. If no such disclosure is listed below, you represent that there are no Prior Inventions. If,
in the course of your service to the Company, you incorporate a Prior Invention into a Company product, process or machine, the
Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with rights to
sublicense through multiple tiers of sublicensees) to make, modify, use and sell such Prior Invention. Notwithstanding the foregoing,
you agree that you will not incorporate, or permit to be incorporated, Prior Inventions in any Company invention without the Company’s
prior written consent.

 

List of All Prior Inventions or Improvements

		☐	No inventions or improvements

		☐	See below:

 

 

 

 

 

 

		☐	Additional sheets attached

 

Due to a prior confidentiality agreement,
full disclosure cannot be completed with respect to Prior Inventions or improvements generally listed below, and the proprietary
rights and duty of confidentiality with respect to such Prior Inventions is owed to the following party(ies):

 

	Name of Invention or Improvement	 	Party(ies) To Whom it Belongs and Relationship
	1. ___________________________	 	_______________________________________
	 	 	 
	2. ___________________________	 	_______________________________________

 

		☐	Additional sheets attached

 

	 	ACKNOWLEDGED & AGREED:
	 	 	 
	 	By:	__________________________________
	 	 	 
	 	Name: 	__________________________________
	 	 	 
	 	Date:	__________________________________

 

    - 7 -

     

    

 

EXHIBIT B

INVENTION ASSIGNMENT NOTICE

 

In accordance with
Section 2872 of the California Labor Code, you are hereby notified that the Employment Agreement you have signed in connection
with the retention of your services by the Company do not apply to an invention which qualifies fully under the provisions of Section
2870 of the California Labor Code, which provides in pertinent part:

 

Any provision
in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention
to his or her employer shall not apply to an invention which was developed entirely on his or her own time without using the employer’s
equipment, supplies, facilities or trade secret information except for those inventions that either:

 

(1) Relate
at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer, or

 

(2) Result
from any work performed by the employee for the employer.

 

RECEIPT ACKNOWLEDGED

 

	Date:	 	 	
	 	 	Employee Signature

 

 

- 8 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]