SEC Contract Filing

Filing Date: 2024-03-05

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>3
<FILENAME>wish-ex10_5.htm
<DESCRIPTION>EX-10.5
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 <div style="padding-top:0.5in;min-height:0.5in;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p></div>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Exhibit 10.5</font></p>
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 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><img src="img228636705_0.jpg" alt="img228636705_0.jpg" style="width:113px;height:37px;">&#160;</p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:0.833%;text-align:right;"><font style="white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:0.833%;text-align:right;"><font style="white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">One Sansome St. 33rd Floor</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">San Francisco, CA 94104</font><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">hr@wish.com</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">February 17, 2023<br></font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">VIA EMAIL</font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Jun (Joe) Yan</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">[ * * * ]</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Dear Joe:</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">ContextLogic Inc. (the &#x201c;Company&#x201d; or &#x201c;Wish&#x201d;) is pleased to offer you continued employment in our </font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">San Francisco </font><font style="color:#000000;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">office, on the following terms:</font></p>
 <div style="margin-left:2.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:12pt;min-width:4.13%;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:4.237505514913352%;display:inline-flex;justify-content:flex