{"url_path":"/sec/hour/8-k/2026-05-18/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1874875/0001493152-26-024174-index.html","accession_number":"0001493152-26-024174","cik":"0001874875","ticker":"HOUR","issuer_name":"Hour Loop, Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1874875/0001493152-26-024174-index.html","primary_entity_key":"0001874875","primary_entity_name":"Hour Loop, Inc"},"word_count":542,"has_tables":true,"body_markdown":"** **\n\n**Item\n5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of\nCertain Officers.**\n\n* *\n\n*Addendum\nNo. 7 to Lai Employment Agreement*\n\n \n\nOn\nMay 15, 2026, Hour Loop, Inc. (the “Company”) entered into Addendum No. 7 (the “Lai Addendum”) to Executive\nEmployment Agreement, as amended, with Sam Lai (the “Lai Agreement”), the Company’s Chairman of the Board, Chief Executive\nOfficer, interim Chief Financial Officer, and majority stockholder. Pursuant to the terms of the Lai Addendum, Mr. Lai’s 2026 bonus\ntargets and payments were revised as follows:\n\n \n\n \n●\nIf\nthe Company grows its net profits (excluding taxes and executives’ bonuses) to at least $1,000,000 during the 2026 fiscal year,\nMr. Lai will receive a bonus equal to 50% of Base Salary (as defined in the Lai Agreement).\n\n \n●\nIf\nthe Company grows its net profits (excluding taxes and executives’ bonuses) to at least $2,000,000 during the 2026 fiscal year,\nMr. Lai will receive a bonus equal to 100% of Base Salary.\n\n \n\nThe\nsatisfaction of the above conditions will be determined at the end of the 2026 fiscal year. For the avoidance of doubt, only one of the\nabove bonus amounts, if at all, will be payable.\n\n \n\nIn\naddition, pursuant to the terms of the Lai Addendum, Mr. Lai is entitled to receive a guaranteed bonus of $100,000 on December 22, 2026.\n\n \n\n*Addendum\nNo. 7 to Yu Employment Agreement*\n\n \n\nAlso\non May 15, 2026, the Company entered into Addendum No. 7 (the “Yu Addendum”) to Executive Employment Agreement, as\namended, with Sau Kuen (Maggie) Yu (the “Yu Agreement”), the Company’s Senior Vice President, Director and majority\nstockholder. Pursuant to the terms of the Yu Addendum, Ms. Yu’s 2026 bonus targets and payments were revised as follows:\n\n \n\n \n●\nIf\nthe Company grows its net profits (excluding taxes and executives’ bonuses) to at least $1,000,000 during the 2026 fiscal year,\nMs. Yu will receive a bonus equal to 50% of Base Salary.\n\n \n●\nIf\nthe Company grows its net profits (excluding taxes and executives’ bonuses) to at least $2,000,000 during the 2026 fiscal year,\nMs. Yu will receive a bonus equal to 100% of her Base Salary.\n\n \n\nThe\nsatisfaction of the above conditions will be determined at the end of the 2026 fiscal year. For the avoidance of doubt, only one of the\nabove bonus amounts, if at all, will be payable.\n\n \n\nIn\naddition, pursuant to the terms of the Yu Addendum, Ms. Yu is entitled to receive a guaranteed bonus of $100,000 on December 22, 2026.\n\n \n\nMr.\nLai and Ms. Yu are husband and wife, and together, they beneficially own 33,360,142 shares of the Company’s common stock, representing\napproximately 94.8% of the voting power of the Company’s outstanding common stock, with each of Mr. Lai and Ms. Yu beneficially\nholding 33,360,142 shares of the Company’s common stock, as each of them is deemed to indirectly beneficially own the other’s\n16,680,071 shares.\n\n \n\nThe\nforegoing description of the Lai Addendum and the Yu Addendum is qualified in its entirety by reference to the complete terms and conditions\nof the Lai Addendum and the Yu Addendum, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on\nForm 8-K, and is incorporated by reference into this Item 5.02."}