SEC Contract Filing

Filing Date: 2016-08-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>2
<FILENAME>lantronix_10k-ex1030.htm
<DESCRIPTION>OFFER LETTER
<TEXT>
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<P STYLE="margin: 0">Exhibit 10.30</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="ex1030_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">January 22, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Yoder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear Kevin:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This letter (&ldquo;Agreement&rdquo;) will
confirm our understanding and agreement regarding your employment with Lantronix, Inc. (&ldquo;Lantronix&rdquo; or the &ldquo;Company&rdquo;),
commencing March 7, 2016 (&ldquo;Commencement Date&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>POSITION EXCLUSIVITY:</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company hereby agrees to employ you as
its Vice President, Worldwide Sales, reporting to Jeff Benck, President and Chief Executive Officer of the Company (&ldquo;CEO&rdquo;).
Your office will be located out of your home in Pleasanton, CA. During your employment with Lantronix, you will not render any
services to any other person or entity, whether for compensation or otherwise, or engage in any business activities competitive
with or adverse to the Company&rsquo;s business or welfare, whether alone, as an employee, as a partner, as a member, or as a shareholder,
officer or director of any other corporation, or as a trustee, fiduciary or in any other similar representative capacity of any
other entity, without the prior written consent of the CEO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>BASE SALARY:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company shall pay you a bi-weekly base
salary of $9,230.769 ($240,000 on an annualized basis), less applicable withholdings and deductions, paid on the Company&rsquo;s
regular bi-weekly payroll dates. Your salary will be reviewed at the time executive salaries are reviewed periodically, and the
Company may in its sole discretion, adjust it to reflect Company performance, your performance, market conditions and other factors
deemed relevant by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SALES INCENTIVE:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Your Sales Commission, to the extent earned,
shall be paid in accordance with the Lantronix Sales Incentive Plan. Currently the Lantronix Sales Incentive Plan is paid as a
monthly draw approximately two (2) months following the applicable sales month, with adjustments made each quarter (&ldquo;true-up&rdquo;).
Full payment of Sales Commission for applicable quarters shall therefore be paid on a quarterly basis, two (2) months following
the end of each fiscal quarter (and following the date upon which the Company publically releases its quarterly financial statements).
In the event that your employment with the Company terminates prior to the end of a fiscal quarter, the Sales Commission for such
partial fiscal quarter will be paid out on an as-earned basis and will be calculated based on actual results through your termination
date, and in accordance with the Lantronix Sales Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Any Sales Commission payments shall be less
applicable withholdings and deductions. You shall be eligible to receive a quarterly Sales Commission of up to $18,000, annualized
at $72,000, and paid on a pro rata basis according to the actual number of months worked during the fiscal quarter, and based on
the Company meeting minimum annual worldwide sales revenue as per the Lantronix Sales Incentive Plan. The annual commission is
not capped and should you over-achieve the sales quota, you will earn more than the targeted commission as per the Lantronix Sales
Incentive Plan. Your Sales Commission will be guaranteed at 100% for the first six months of employment. Lantronix reserves the
right to change or discontinue the plan at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

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