Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 20, 2022, Hour Loop, Inc. (the "Company") entered into Addendum No. 1 (the "Lai Addendum") to Executive Employment Agreement with Sam Lai, the Company's Chairman of the Board, Chief Executive Officer and majority stockholder. Pursuant to the terms of the Lai Addendum, Mr. Lai's bonus targets and payments were set as follows:

? If the Company grows its net profits (excluding taxes) to at least $7,000,000

during the 2022 fiscal year, Mr. Lai will receive a bonus equal to 50% of base


   salary.

? If the Company grows its net profits (excluding taxes) to at least $8,500,000

during the 2022 fiscal year, Mr. Lai will receive a bonus equal to 100% of base


   salary.

The satisfaction of the above conditions will be determined following the end of the 2022 fiscal year. For the avoidance of doubt, only one of the above bonus amounts, if at all, will be payable.

Also on January 20, 2022, the Company entered into Addendum No. 1 (the "Yu Addendum") to Executive Employment Agreement with Sau Kuen (Maggie) Yu, the Company's Senior Vice President, Director and majority stockholder. Pursuant to the terms of the Yu Addendum, Ms. Yu's bonus targets and payments were set as follows:

? If the Company acquires at least 75 but fewer than 100 new vendors during the

2022 fiscal year, Ms. Yu will receive a bonus equal to 50% of base salary.

? If the Company acquires 100 or more new vendors during the 2022 fiscal year,

Ms. Yu will receive a bonus equal to 100% of base salary.

The satisfaction of the above conditions will be determined following the end of the 2022 fiscal year. For the avoidance of doubt, only one of the above bonus amounts, if at all, will be payable.

Mr. Lai and Sau Kuen (Maggie) Yu are husband and wife, and together, beneficially own 33,300,000 shares of the Company's common stock, representing 96% of the voting power of the Company's outstanding common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,300,000 shares of the Company's common stock, as each of them is deemed to indirectly beneficially own the other's 16,650,000 shares.

The foregoing description of the Lai Addendum and the Yu Addendum is qualified in its entirety by reference to the complete terms and conditions of 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 Form 8-K, and is incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Exhibit Description
10.1            Addendum No. 1 to Executive Employment Agreement, dated as of
              January 20, 2022, by and between the registrant and Sam Lai.
10.2            Addendum No. 1 to Executive Employment Agreement, dated as of
              January 20, 2022, by and between the registrant and Sau Kuen Yu.

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