<SUBMISSION>
<ACCESSION-NUMBER>0001193125-08-126477
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20080602
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20080602
<DATE-OF-FILING-DATE-CHANGE>20080602
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>HOT TOPIC INC /CA/
<CIK>0001017712
<ASSIGNED-SIC>5600
<IRS-NUMBER>770198182
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>0130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-28784
<FILM-NUMBER>08873445
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>18305 EAST SAN JOSE AVENUE
<CITY>CITY OF INDUSTRY
<STATE>CA
<ZIP>91748
<PHONE>6268394681
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>18305 EAST SAN JOSE AVENUE
<CITY>CITY OF INDUSTRY
<STATE>CA
<ZIP>91768
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P
STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>Form&nbsp;8-K </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Pursuant to
Section&nbsp;13 or 15(d) of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>The Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Date of Report (Date of earliest event reported): June&nbsp;2, 2008 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P
STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>Hot Topic, Inc.
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>California</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>0-28784</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>77-0198182</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>File Number)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>18305 E. San Jose Avenue,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>City of Industry, California</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>91748</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Registrant&#146;s telephone number, including area code:&nbsp;<B>(626)&nbsp;839-4681</B>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Not Applicable. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>(Former name or former address, if changed since last report.) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;5.02</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) On June&nbsp;2, 2008, Hot Topic, Inc. announced that Michael Crooke, age 51, was appointed as President of the Hot Topic Division, effective
June&nbsp;2, 2008. A press release to that effect is filed as Exhibit 99.1 hereto and incorporated herein by reference. We entered into an offer letter with Mr.&nbsp;Crooke as of April&nbsp;25, 2008, which is filed as Exhibit 99.2 and incorporated
herein by reference. We will enter into our standard form of indemnity agreement with Mr.&nbsp;Crooke. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Crooke will be entitled to
an annual base salary of $600,000. With respect to potential annual bonuses, our Board of Directors, upon recommendation of the Compensation Committee, annually establishes targeted profitability levels for the ensuing fiscal year in conjunction
with our company&#146;s annual financial plan. For 2008, Mr.&nbsp;Crooke&#146;s bonus target is 75% of his annualized base salary, and the actual amount of bonus awarded will be based upon two components: 75% of the bonus amount will be based on Hot
Topic divisional operating income versus specified performance targets, and 25% of the bonus amount will be based on Torrid divisional operating income versus specified performance targets. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Moreover, our Board of Directors granted Mr.&nbsp;Crooke an option, effective June&nbsp;2, 2008, to purchase 200,000 shares of our common stock, subject
to 4-year vesting and other terms and conditions consistent with our 2006 equity incentive plan. The Board of Directors also granted Mr.&nbsp;Crooke a target award of 35,000 shares of our common stock under our performance share award program under
our 2006 equity incentive plan. The shares subject to the award are issuable in 2011 based on 2010 operating income for Hot Topic, Inc. versus a specified performance target. The actual amount of the award may range from zero to 70,000 shares,
depending on actual results achieved. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Crooke&#146;s employment is terminable with or without cause. However, if Mr.&nbsp;Crooke
is terminated without cause or terminates his employment for good reason, he will be entitled to receive severance payments in the form of continuation of his annual base salary at the time of termination and health benefits for twelve months.
Furthermore, upon a change of control of the company, 100% of the vesting of Mr.&nbsp;Crooke&#146;s options will be accelerated and all of his options will be fully exercisable. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On June&nbsp;2, 2008, we also announced that Jerry Cook, formerly the President of Hot Topic, Inc., will assume the title of Chief Operating Officer and
maintain his current responsibilities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;9.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Statements and Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Exhibits.
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Hot Topic, Inc. Press Release dated June 2, 2008.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99.2.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Offer Letter dated April 25, 2008, between Hot Topic, Inc. and Michael Crooke.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SIGNATURE </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

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<TD WIDTH="7%"></TD>
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<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>HOT TOPIC, INC.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ James McGinty</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">James McGinty <I></I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2"><I>Chief Financial Officer</I>
</FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: June&nbsp;2, 2008 </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>INDEX TO EXHIBITS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Hot Topic, Inc. Press Release dated June 2, 2008.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Offer Letter dated April 25, 2008, between Hot Topic, Inc. and Michael Crooke.</FONT></TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE DATED JUNE 2, 2008
<TEXT>
<HTML><HEAD>
<TITLE>Press Release dated June 2, 2008</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>** NEWS RELEASE ** </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MICHAEL CROOKE JOINS HOT TOPIC, INC. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AS PRESIDENT OF THE HOT TOPIC DIVISION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">CITY of INDUSTRY, CA, June, 2, 2008 &#151; Hot Topic, Inc. (Nasdaq Global Select Market: HOTT) announced today that Michael Crooke has joined the company as President of the Hot Topic Division. Michael will oversee all elements of the Hot
Topic brand including music, merchandising, planning and allocation, marketing, store design and visual, store operations and hottopic.com. In his role as Hot Topic President, he will report to Betsy McLaughlin, the Company&#146;s Chief Executive
Officer. Jerry Cook will assume the title of Chief Operating Officer and maintain his current responsibilities to oversee all operational support functions for Hot Topic, Inc. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Michael Crooke has had a distinguished career that most recently includes the role of Senior Advisor to Steve Case in Revolution Living, LLC. In
addition, he completed his PhD in management from the Claremont Graduate University in 2008. From 1999 to 2005 he served as President and Chief Executive Officer of Patagonia, Inc. and Patagonia&#146;s parent company, Lost Arrow Corporation. Prior
to Patagonia, Michael served as CEO and Chairman of Pearl Izumi, the premier manufacturer of cycling and performance apparel. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Michael has
served and currently serves on the board of directors for a number of private and non-profit organizations. In addition, in the late 1970&#146;s Michael served our country as an elite member of the Navy SEALS. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Betsy McLaughlin said, &#147;We are extremely pleased to have Michael join us as the Hot Topic Division President. Michael&#146;s experience leading
customer focused, culture centric, lifestyle retailers makes him an ideal fit for our team. In addition to his intense focus on connecting with the customer and driving high brand loyalty, Michael&#146;s experience growing a brand while maintaining
the authenticity and values of the organization will significantly strengthen our senior management team. Michael&#146;s passion, tenacity and profound commitment to bringing new ideas to the table will undoubtedly serve as a catalyst for the Hot
Topic brand.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Hot Topic, Inc. is a shopping mall-based specialty retailer operating the Hot Topic and Torrid concepts. Hot Topic
offers music/pop culture licensed and influenced apparel, accessories, music and gift items to young men and women principally between the ages of 12 and 22. Torrid, the company&#146;s second concept, provides plus-size fashion-forward apparel,
lingerie, shoes and accessories that target young women principally between the ages of 15 and 29. As of May&nbsp;31, 2008, the company operated 683 Hot Topic stores in all 50 states and Puerto Rico, 156 Torrid stores, and internet stores
<U>www.hottopic.com</U> and <U>www.torrid.com</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Certain statements contained in this press release regarding matters that are not historical facts are
&#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include statements regarding the company&#146;s future growth and success, operations, projections, and other
financial performance. These statements involve risks and uncertainties, including risks and uncertainties associated with meeting expected financial results, relationships with mall developers and operators, the risk that available cash or mall
space will not be adequate for planned expansion, fluctuations in sales and comparable store sales results, risks and uncertainties with respect to new store openings, new concepts, music and fashion trends, competition from other retailers,
uncertainties generally associated with specialty retailing, the effect of economic conditions, the effect of severe weather or natural disasters, political and/or social changes or events that could negatively impact shopping patterns and/or mall
traffic, litigation proceedings and contingent liabilities, as well as other risks detailed in the company&#146;s SEC reports including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K for the year ended February&nbsp;2, 2008.
Historical results achieved are not necessarily indicative of the future prospects of the company, and actual results or circumstances could differ materially from the forward-looking statements. All forward-looking statements contained in this
press release speak only as of the date on which they were made. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Contact: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Hot Topic, Inc., City of Industry, CA </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Jim McGinty, CFO 626-839-4681 x2675 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Megan Hall, Investor Relations 626-839-4681 x2173 </FONT></P>
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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>dex992.htm
<DESCRIPTION>EMPLOYMENT OFFER LETTER DATED APRIL 25, 2008
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<TITLE>Employment Offer Letter dated April 25, 2008</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 99.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g18203img001.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;25, 2008 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Michael,
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Finally! It gives me great pleasure to present our offer of employment as President of our Hot Topic division. The following terms and conditions are
included in our offer: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Scope of Position.</B> You will be responsible for all of the front line functions of the Hot Topic brand including Music,
Merchandising, Planning&nbsp;&amp; Allocation, Marketing, Store Design&nbsp;&amp; Visual, Store Operations and hottopic.com. Your start date will be June&nbsp;2, 2008. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Compensation.</B> You will be paid base salary at a bi-weekly rate of $23,076.93, which annualizes to $600,000.00. The Company&#146;s Board of Directors may, in its discretion, from time to time, and in accordance
with the Company&#146;s practices, policies, or procedures, increase your base salary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Bonus Plan.</B> You will be eligible to participate in the Hot
Topic Annual Bonus Plan. For fiscal 2008, your bonus target will be seventy five percent (75%)&nbsp;of your annualized base salary, and the actual amount of bonus awarded will be based upon two components: 75% of the target amount will be based on
Hot Topic divisional Operating Income versus specified performance targets, and 25% of the target amount will be based on Torrid divisional Operating Income versus specified performance targets. In addition, per the Company bonus plan, you must be
operating at an effective level of performance. Your bonus for fiscal 2008 will not be prorated based on your actual days of employment during the fiscal year. In order to receive any bonus payout you must be actively employed on the last day of the
fiscal calendar year of the bonus period. Bonuses are paid no later than 90 days after the end of the fiscal year. The Company&#146;s Board of Directors may, in its discretion, from time to time, and in accordance with the Company&#146;s practices,
policies, or procedures, increase your target percentage. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Long Term Incentive Program. </B>Effective on your first day of employment, you will be
granted an option to purchase 200,000 shares of Hot Topic&#146;s common stock (the &#147;Option&#148;) under the Company&#146;s 2006 Equity Incentive Plan subject to vesting over four (4)&nbsp;years with twenty-five percent (25%)&nbsp;of the shares
subject to the Option vesting on the first anniversary of the grant date and the remaining shares will vest in equal quarterly installments over the remainder of the vesting period for so long as you provide continuous service (as defined in the
Plan) to the Company. The exercise price per share under the Option shall be equal to the closing price of the Company&#146;s common stock on the effective date the Option is granted (i.e., your first day of employment). In addition, effective on
your first day of employment, you will be granted a target award of 35,000 shares of Hot Topic&#146;s common stock (the &#147;Award&#148;) under the Company&#146;s Performance Share Award Program. These shares are issuable in 2011 and are based on
2010 Operating Income for Hot Topic, Inc. versus a specified performance target. The actual amount of the award may range from zero shares to 70,000 shares, depending on the actual results achieved.<B> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Salary Review.</B> You will be eligible for your first salary review and consideration for a merit increase on or about April&nbsp;1, 2009. <B> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Vacation.</B> You will be eligible to accrue a maximum of fifteen (15)&nbsp;vacation days per year. Vacation time can be taken as it is accrued subject to approval by
the Chief Executive Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Health Insurance.</B> You will be eligible to enroll in Hot Topic&#146;s benefits program on the first day of regular
full-time employment. Your benefits will become effective immediately upon enrollment. This plan includes the opportunity to participate in Group Health, Dental, Vision, Life and Short- and Long-Term Disability insurance plans as well as other
programs that may be available in accordance with the Company&#146;s employee benefit programs. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18305 E San Jose Ave&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City of Industry, CA
91748&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T: 626.839.4681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F: 626.839.4686 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Company Car. </B>You will be eligible to select an automobile of your choice (up to $60,000 value) that will be
leased and held in the Company&#146;s name. We will cover the monthly lease, gas for work-related purposes, maintenance and insurance on this car. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Relocation. </B>To assist you with your relocation, you will receive a one-time relocation allowance in the gross amount of $250,000 which is subject to standard tax and withholding deductions. This is designated to offset the costs
involved with finding and acquiring housing within the Los Angeles area. Per the Company&#146;s relocation policy, you will be provided temporary housing in Southern California for a maximum of 90 days. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>401(k) Plan.</B> You will be eligible to participate in the Company&#146;s 401(k) Plan after completing one year of employment. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Deferred Compensation Plan. </B>You are eligible to enroll in the Company&#146;s Deferred Compensation Plan within 30 days from your hire date for the current plan
year, or you can wait until the next open enrollment period which will be July every year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stock Purchase Plan.</B> You will be eligible to participate
in the Company&#146;s Stock Purchase Plan after completing one year of employment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The fringe benefit plans, programs, and policies described above are
subject to change at the discretion of the Company. The information provided here contains a brief overview of the plans and is not intended to replace the legal documents that contain the complete provisions of each plan. Final interpretation of
any plan describing an individual&#146;s actual benefits is within the discretionary authority and responsibility of the Plans&#146; Administrators. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>At-Will Employment; Severance. </B>Your employment with the Company is at-will, not for a specified period of time and can be terminated by you or the Company at any time, with or without cause, and with or without notice. No promises,
assurances, or other conduct, whether written or oral, can modify this paragraph unless set forth in a written agreement signed by you and the Chief Executive Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">If the Company terminates your employment without Cause or you terminate your employment for Good Reason (each as defined herein), then upon your furnishing to the Company an executed and effective release and waiver
of all claims in a form satisfactory to the Company within forty-five (45)&nbsp;days of such termination and said release becoming fully effective according to its terms, you shall be entitled to receive severance payments in the form of
continuation of your base salary in effect at the time of your termination, subject to standard payroll deductions and withholdings, for twelve (12)&nbsp;months (the &#147;Severance Period&#148;), and, during the Severance Period, provided that you
properly and timely elect continued health insurance pursuant to the Comprehensive Omnibus Budget Reconciliation Act, as amended (&#147;COBRA&#148;), the Company shall pay the COBRA premiums on your behalf. If you resign other than for Good Reason
or your employment is terminated by the Company for Cause, all compensation and benefits will cease immediately and you will receive no additional payments from the Company other than your accrued base salary and accrued and unused vacation benefits
earned through the date of your termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For purposes of this Agreement, &#147;Cause&#148; shall mean (i)&nbsp;willful misconduct by you, including,
but not limited to, dishonesty which materially and adversely reflects upon your ability to perform your duties for the Company, (ii)&nbsp;your being charged with, commission of, or conviction of, or the entry of a pleading of guilty or nolo
contendere by you to, any crime involving moral turpitude or any felony, (iii)&nbsp;fraud, embezzlement or theft against the Company, (iv)&nbsp;a material breach by you of any material provision of any employment contract, assignment of inventions,
confidentiality and/or nondisclosure agreement between you and the Company, which continues by you for more than thirty (30)&nbsp;days after written notice from the Company to you specifying such breach and the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18305 E San Jose Ave&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City of Industry, CA 91748&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T:
626.839.4681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F: 626.839.4686</FONT></TD></TR>
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<FONT FACE="Times New Roman" SIZE="2">actions needed to cure provided such breach is subject to cure or (v)&nbsp;your willful and habitual failure to attend to your duties as assigned by the Hot
Topic CEO or Board of Directors of the Company, after written notice to you and no less than a 90-day period to cure such failure provided such failure to perform is subject to cure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">For purposes of this Agreement, &#147;Good Reason&#148; shall mean any one of the following events without your express written consent: (i)&nbsp;a material reduction of your duties, authority or responsibility;
(ii)&nbsp;a material reduction by the Company of your then current base salary, unless such reduction is equally applied to all other employees at your level within the Company; (iii)&nbsp;your relocation, without your consent, to a facility or
location more than fifty (50)&nbsp;miles from the Company&#146;s present headquarters that increases your one-way driving distance from your residence to the work facility or location by more than thirty-five (35)&nbsp;miles. Provided, however, that
such resignation by you shall only be deemed for Good Reason pursuant to the foregoing definition if: (i)&nbsp;you give the Company written notice of the intent to terminate for Good Reason within thirty (30)&nbsp;days following the first occurrence
of the condition(s) you believe constitutes Good Reason, which notice shall describe such condition(s); (ii)&nbsp;the Company must be given an opportunity to cure such condition within thirty (30)&nbsp;days following its receipt of such notice and
avoid paying benefits; (iii)&nbsp;the Company fails to remedy such condition(s) within thirty (30)&nbsp;days following receipt of the written notice (the &#147;Cure Period&#148;); and (iv)&nbsp;you terminate employment within thirty (30)&nbsp;days
following the end of the Cure Period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Application of Internal Revenue Code Section&nbsp;409A.</B> Severance Benefits payable under this Agreement, to
the extent of payments made from the date of your termination through March&nbsp;15th of the calendar year following such termination, are intended to constitute separate payments for purposes of Section&nbsp;1.409A-2(b)(2) of the Treasury
Regulations and thus payable pursuant to the &#147;short-term deferral&#148; rule set forth in Section&nbsp;1.409A-1(b)(4) of the Treasury Regulations; to the extent such payments are made following said March&nbsp;15th, they are intended to
constitute separate payments for purposes of Section&nbsp;1.409A-2(b)(2) of the Treasury Regulations made upon an involuntary termination from service and payable pursuant to Section&nbsp;1.409A-1(b)(9)(iii) of the Treasury Regulations, to the
maximum extent permitted by said provision, with any excess amount being regarded as subject to the distribution requirements of Section&nbsp;409A(a)(2)(A) of the Code, including, without limitation, the requirement of Section&nbsp;409A(a)(2)(B)(i)
of the Code that payment to you be delayed until 6 months after separation from service if you are a &#147;specified employee&#148; within the meaning of the aforesaid section of the Code at the time of such separation from service. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Change of Control. </B>Upon the effective date of a Change in Control of the Company (as defined herein) the vesting of your Stock Options (i.e., all options to
purchase common stock under the Company&#146;s various stock plans, but not any other stock awards thereunder) will be immediately accelerated such that one hundred percent (100%)&nbsp;of the Stock Options shall be vested and exercisable. For
purposes of this Agreement, Change of Control is defined as follows: (i)&nbsp;a sale of all or substantially all of the assets of the Company; (ii)&nbsp;a merger or consolidation in which the Company is not the surviving corporation and in which
beneficial ownership of securities of the Company representing at least fifty percent (50%)&nbsp;of the combined voting power entitled to vote in the election of Directors has changed; (iii)&nbsp;an acquisition by any person, entity or group within
the meaning of Section&nbsp;13(d) or 14(d) of the Exchange Act, or any comparable successor provisions (excluding any employee benefit plan, or related trust, sponsored or maintained by the Company or subsidiary of the Company or other entity
controlled by the Company) of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act, or comparable successor rule) of securities of the Company representing at least fifty percent (50%)&nbsp;of the combined
voting power entitled to vote in the election of Directors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Internal Revenue Code 280G. </B>In the event that the payments provided herein and benefits
otherwise payable to you (i)&nbsp;constitute &#147;parachute payments&#148; within the meaning of Section&nbsp;280G of the Code, or any comparable successor provisions, and (ii)&nbsp;but for this provision would be subject to the excise tax imposed
by Section&nbsp;4999 of the Code, or any comparable successor provisions (the &#147;Excise Tax&#148;), then such your benefits hereunder shall be either: (i)&nbsp;provided to you in full, or (ii)&nbsp;provided to you as to such lesser extent which
would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other
applicable taxes, results in the receipt by you, on an after-tax basis, of the greatest amount of benefits, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18305 E San Jose Ave&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City of Industry, CA 91748&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T:
626.839.4681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F: 626.839.4686</FONT></TD></TR>
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<FONT FACE="Times New Roman" SIZE="2">notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Unless the Company and you otherwise agree in writing, any
determination required under this provision shall be made in writing in good faith by the Company&#146;s independent certified public accountants (the &#147;Accountants&#148;). In the event of a reduction of benefits hereunder, you shall be given
the choice of which benefits to reduce. For purposes of making the calculations required by this provision, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith
interpretations concerning the application of the Code, and other applicable legal authority. The Company and you shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a
determination under this provision. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this provision. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">If, notwithstanding any reduction described in this provision, the IRS determines that you are liable for the Excise Tax as a result of the receipt of the payment of benefits as described above, then you shall be
obligated to pay back to the Company, within thirty (30)&nbsp;days after a final IRS determination or in the event that you challenge the final IRS determination, a final judicial determination, a portion of the payment equal to the &#147;Repayment
Amount.&#148; The Repayment Amount with respect to the payment of benefits shall be the smallest such amount, if any, as shall be required to be paid to the Company so that your net after-tax proceeds with respect to any payment of benefits (after
taking into account the payment of the Excise Tax and all other applicable taxes imposed on such payment) shall be maximized. The Repayment Amount with respect to the payment of benefits shall be zero if a Repayment Amount of more than zero would
not result in your net after-tax proceeds with respect to the payment of such benefits being maximized. If the Excise Tax is not eliminated pursuant to this paragraph, you shall pay the Excise Tax. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding any other provision of this provision, if (i)&nbsp;there is a reduction in the payment of benefits as described in this provision, (ii)&nbsp;the IRS
later determines that you are liable for the Excise Tax, the payment of which would result in the maximization of your net after-tax proceeds (calculated as if your benefits had not previously been reduced), and (iii)&nbsp;you pay the Excise Tax,
then the Company shall pay to you those benefits which were reduced pursuant to this provision contemporaneously or as soon as administratively possible after you pay the Excise Tax so that your net after-tax proceeds with respect to the payment of
benefits is maximized. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Confidential and Proprietary Information. </B>In your work for the Company, you will be expected not to use or disclose any
confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected only to use that information which is generally known and used by persons with
training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises
any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This Agreement
will be governed by and construed according to the laws of the State of California. You and the Company hereby expressly consent to the personal jurisdiction of the state and federal courts located in Los Angeles County, California for any lawsuit
arising from or related to this Agreement. In the event of any litigation arising out of or relating to this Agreement, its breach or enforcement, including an action for declaratory relief, the prevailing party in such action or proceeding shall be
entitled to receive his or its damages, court costs, and all out-of-pocket expenses, including attorneys&#146; fees. Such recovery shall include court costs, out-of-pocket expenses, and attorneys&#146; fees on appeal, if any. This Agreement will be
binding upon your heirs, executors, administrators and other legal representatives and will be for the benefit of the Company, its successors, and its assigns. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">By signing this letter, you acknowledge that the terms described in this letter, along with the Employment and Proprietary Information Agreement being concurrently provided to you, sets forth the entire understanding regarding your
employment with us; there are no terms, conditions, representations, warranties or covenants other than those contained herein. Please acknowledge your intent to accept this offer of employment on the terms indicated by signing the enclosed copy of
this letter and returning it to me no later than <B>April&nbsp;30, 2008</B>. No term or provision of this letter may be amended, waived, released, discharged or modified except in writing, signed by you and the Chief Executive Officer of Hot Topic.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18305 E San Jose Ave&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City of Industry, CA 91748&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T:
626.839.4681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F: 626.839.4686</FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Michael, I look forward to our partnership. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Cheers!</FONT></TD></TR>
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<TD HEIGHT="16"></TD></TR>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Betsy McLaughlin</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Betsy McLaughlin</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Chief Executive
Officer</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">I confirm my acceptance of employment with Hot Topic, Inc., subject to the terms and conditions set forth above.
</FONT></P>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Michael Crooke</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Michael Crooke</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">25 April 2008 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18305 E San Jose Ave&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City of Industry, CA 91748&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T:
626.839.4681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F: 626.839.4686</FONT></TD></TR>
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