Wattles Capital Management, LLCIndemnification Agreement • February 28th, 2008 • Wattles Mark J • Retail-radio, tv & consumer electronics stores
Thank you for agreeing to serve as a nominee for election to the Board of Directors of Circuit City Stores, Inc. (“Circuit City”) in connection with the proxy solicitation or consent solicitation that Wattles Capital Management, LLC (“Wattles”) and its affiliates are considering undertaking to elect directors (the “Wattles Solicitation”). Your outstanding qualifications, we believe, will prove a valuable asset to Circuit City and all of its stockholders. This letter will set forth the terms of our agreement.
JOINT FILING AND SOLICITATION AGREEMENTJoint Filing and Solicitation Agreement • February 28th, 2008 • Wattles Mark J • Retail-radio, tv & consumer electronics stores
WHEREAS, certain of the undersigned are shareholders, direct or beneficial, of Circuit City Stores, Inc., a Virginia corporation (“Circuit City” or the “Company”);
Wattles Capital Management, LLCNominee Agreement • February 28th, 2008 • Wattles Mark J • Retail-radio, tv & consumer electronics stores
This letter sets forth our mutual agreement with respect to compensation to be paid to you for your agreement to be named and serve as a nominee of Wattles Capital Management, LLC (“Wattles Capital”) for election as a director of Circuit City Stores, Inc. (the “Company”) at the Company’s 2008 annual meeting of stockholders, or any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the “Annual Meeting”).
