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[LETTERHEAD OF AMAZON.COM]
July 27, 2000
Mark Britto
1200 12th Avenue South
Suite 1200
Seattle, WA 98144
Re: Promotion
Dear Mark:
I am very pleased that you have decided to accept a position as Senior Vice
President responsible for marketing and cross-site merchandising. As you know,
we have tremendous challenge and opportunity ahead of us, and I truly appreciate
the integral role that you play in our efforts.
Your new base salary, beginning with your paycheck for July 2000, will be
$150,000 annually. Amazon.com also will pay you a bonus in the amount of
$2,500,000 (Two Million Five Hundred Thousand Dollars). This bonus will be paid
in equal monthly installments over a thirty-month period beginning with your
paycheck for July 2000 and will be subject to standard payroll practices and
applicable withholding taxes. If your employment with Amazon.com terminates for
any reason prior to payment of the full bonus, you will forfeit all remaining
payments.
Congratulations!
Sincerely,
/s/ Jeff Bezos
Jeff Bezos
Chief Executive Officer
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