May 23, 2002 VIA HAND DELIVERY Michael Glogowsky PeoplePC, Inc. Re: Retention Payment Dear Michael:Retention Payment Agreement • June 19th, 2002 • Peoplepc Inc • Services-business services, nec
As you know, the Company is having discussions with third parties regarding the potential acquisition of all or substantially all of the stock or assets of the Company (the "Transaction"). The Transaction may or may not be successfully concluded. In consideration of your continued employment, PeoplePC Inc. is pleased to offer you the following agreement regarding payments that will be made in the circumstances set forth below. As used herein, the term "Company" includes the Company and any successor in interest to the Company.
MUTUAL NON-DISCLOSURE AND NON-SOLICITATION AGREEMENTMutual Non-Disclosure and Non-Solicitation Agreement • June 19th, 2002 • Peoplepc Inc • Services-business services, nec • Georgia
This Mutual Non-Disclosure and Non-Solicitation Agreement (this "Agreement"), is made as of September 17, 2001 between EarthLink, Inc. a Delaware corporation ("EarthLink"), and PeoplePC, Inc., a Delaware corporation ("PeoplePC"). EarthLink and PeoplePC are sometimes referred to herein individually as a "Party" and collectively as the "Parties."
May 23, 2002 VIA HAND DELIVERY Mary Humiston PeoplePC, Inc. Re: Retention Payment Dear Mary:Retention Payment Agreement • June 19th, 2002 • Peoplepc Inc • Services-business services, nec
As you know, the Company is having discussions with third parties regarding the potential acquisition of all or substantially all of the stock or assets of the Company (the "Transaction"). The Transaction may or may not be successfully concluded. In consideration of your continued employment, PeoplePC Inc. is pleased to offer you the following agreement regarding payments that will be made in the circumstances set forth below. As used herein, the term "Company" includes the Company and any successor in interest to the Company.
June 19, 2002Offer Agreement • June 19th, 2002 • Peoplepc Inc • Services-business services, nec
We are pleased to inform you that on June 9, 2002, PeoplePC, Inc. entered into an offer agreement with EarthLink, Inc., a Delaware corporation, and its wholly-owned subsidiary, EL Sub, Inc., a Delaware corporation. The offer agreement provides for the acquisition of PeoplePC by EarthLink through EL Sub at a price of $0.0171 per share of PeoplePC common stock, subject to adjustment pursuant to the offer agreement that could increase the price to $0.0245 per share.
PEOPLEPC LETTERHEAD]Employment Agreement • June 19th, 2002 • Peoplepc Inc • Services-business services, nec • California
This letter will state the agreement (the "Agreement"), effective January 1, 2002, between PeoplePC Inc. ("PeoplePC," or the "Company") and you regarding your employment by the Company.
