Document:

Interim Financial Management Services Agreement

 Exhibit 10.2 
 Kenneth G. Leddon 
 Leddon & Associates 
 5329
E. Tisbury Court 
 Anaheim Hills, CA 92807 
 Peter Leparulo

 Executive Chairman 
 Novatel Wireless, Inc. 
 9645 Scranton Road 
 San Diego, CA 92121 
 September 4, 2007 
  

	Re:	Interim Financial Management Services Agreement 

 Dear Mr. Leparulo:

 This letter of agreement (Agreement) will confirm that Novatel Wireless, Inc. (“Novatel”) has requested that Leddon & Associates
(“Leddon”) provide management services as set forth below. This Agreement will describe our services and the terms and conditions under which they will be performed (the “Engagement”). 
  

	 	1.	Description of Services. Leddon is engaged to provide management services and is retained to provide financial consulting services to Novatel. Leddon agrees that
Kenneth G. Leddon will be the person designated to perform the services under this agreement. 

  

	 	2.	Duties and Authority. Leddon is hereby retained to provide financial and accounting services in the Novatel accounting department and provide these services in
consultation with Novatel. During the term of the Engagement, Leddon is not and shall not be deemed an officer or employee of Novatel but Leddon agrees to abide by the terms and conditions of the Novatel Insider Trading Policy, a copy of which has
been provided to Leddon. 

  

	 	3.	Independent Contractor. Novatel acknowledges and agrees that Leddon is an independent contractor of Novatel. It is expressly understood that nothing contained herein
nor any of Leddon’s agents, representatives or employees’ actions taken hereunder shall be deemed to constitute an assumption by Leddon of Novatel’s obligations to Novatel’s employees, officers, directors, shareholders and/or
creditors and Leddon shall not be entitled to any benefits, compensation or equity provided by Novatel to its’ employees or officers and Novatel shall have no liability for any tax withholdings or payments with respect to the fees and expenses
paid to Leddon in connection with the Engagement. 

  

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	 	4.	Term of Agreement. Leddon expects this Engagement to be performed over a period of eight weeks or more. The term of this engagement shall begin on September 10,
2007 and shall continue for eight weeks (the “Initial Term”). Absent any other written agreement of the parties, the engagement shall terminate at the end of the Initial Term; provided however, that the engagement may be extended beyond
the Initial Term by the written agreement of the parties. This engagement is subject to continuous review for the modification of priority of tasks, as well as additions or deletions as required and mutually agreed by Novatel and Leddon.

  

	 	5.	Fees and Expenses. Novatel shall pay Leddon a fixed fee of $30,000 per four week period plus all reasonable out of pocket expenses including travel, communication,
meals and living expenses incurred in connection with the Engagement. Leddon will submit invoices semi-monthly for $15,000 for professional fees plus any out-of-pocket expenses for reimbursement, which will be due upon receipt.

  

	 	6.	Failure to Pay Leddon. Leddon shall not have any obligation, express or implied, to continue to provide services to Novatel in the event that Novatel fails to pay the
Fees or Expenses as provided herein and Leddon shall have the right to immediately terminate this Agreement if such payments are not made. If Leddon continues to provide the services following Novatel’s breach of its obligations to pay the Fees
or Expenses as provided herein, Leddon shall not be deemed to have agreed to a modification of this Agreement or to have waived any of its rights herein. 

  

	 	7.	Scope of Services. Leddon is hereby retained to provide interim financial consulting services to Novatel and shall report to the Executive Office of Novatel.

  

	 	8.	Termination of Agreement. Novatel or Leddon may terminate this Agreement effective upon no less than five days’ advance written notice. Upon termination all
outstanding fees and reimbursable expenses in accordance with paragraph 4 shall be due and payable immediately. If this engagement is terminated without good cause by Novatel before completion of the Initial Term, then Novatel shall pay Leddon a
minimum engagement fee of $60,000 plus engagement expenses incurred by Leddon, less all fees and expenses previously paid by Novatel prior to termination date. Good cause shall mean Leddon’s failure or unreasonable refusal to cooperate with
Novatel’s representatives or breach of this Agreement. 

  

	 	9.	Confidentiality. Leddon agrees to treat as confidential (i) all proprietary information of Company submitted to Leddon as confidential; (ii) all proprietary
information acquired by Leddon during the course of worked performed, however, Leddon will not be obligated to treat as confidential any information that is generally known, or becomes known, to the public or the industry or known to, or in
possession of Leddon prior to its work on this Engagement. The confidentiality obligations of Leddon set forth in this section shall survive the expiration or earlier termination of this agreement 

  

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	 	10.	Warrantees and Indemnification. Leddon does not express or imply any warranties of its work nor predicts results of the Engagement. Leddon shall not be subject to any
liability to Novatel or others for any act or omission relating to or arising out of services rendered under this agreement, unless Leddon’s acts or omissions constitute willful malfeasance, bad faith, gross negligence or reckless disregard of
obligations of this Agreement. 

  

	 	11.	Expiration of Offer. If this Agreement is not executed within seven days from its issue date, Leddon reserves the right to amend or revoke the terms after such date.

  

	 	12.	Notice. Whenever it is provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon
any of the parties by another, or whenever any of the parties desires to give or serve upon another party any communication with respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication
shall be delivered (i) in person with receipt acknowledged, (ii) by facsimile, and that it is confirmed by sending, no later than one (1) business day following such transmission, a copy of such facsimile, by mail, postage prepaid or
(iii) by mail, postage prepaid, addressed as follows: 

 (a) If to Leddon: 
 Kenneth G. Leddon 
 Leddon & Associates 
 5329 E. Tisbury Court 
 Anaheim Hills, CA 92807 
 Fax: (714) 921-6537 
 (b) If to Novatel: 
 Peter Leparulo 
 Executive Chairman 
 Novatel Wireless, Inc. 
 9645 Scranton Road 
 San Diego, CA 92121 
 Fax (858) 812-3402 
 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. 
  

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 THE ATTACHED EXHIBIT “A” IS HEREBY MADE PART OF THIS AGREEMENT. 
 If you agree to the terms and conditions set forth above, please indicate your acceptance and approval by signing below and on the duplicate enclosed. Please return an
executed copy to the undersigned. 
 I look forward to working with you on this important matter. 
  

									
	Yours truly,	 		 	
			
	/s/ Kenneth G. Leddon	 		 	
	Kenneth G. Leddon	 		 	
	Leddon & Associates	 		 	
			
	AGREED AND ACCEPTED:	 		 	
			
	Novatel Wireless, Inc.	 		 	
				
	By:	 	/s/ Peter V. Leparulo	 		 	Date: September 4, 2007
	Name:	 	Peter V. Leparulo	 		 		 	
	Title:	 	Executive Chairman	 		 		 	

  

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 EXHIBIT “A” 
 Scope of Services. The list of services performed and work product to be provided by Leddon to Novatel is as follows: 
 Kenneth G. Leddon to provide financial consulting services within the Novatel Accounting department 
  

	 	1)	Kenneth G. Leddon to supervise employees and professionals employed by Novatel and organize and coordinate their activities as directed by the Executive Chairman of the Board.

  

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 Kenneth G. Leddon 
 5329 E.
Tisbury Court 
 Anaheim Hills, CA 92807 
 November 2, 2007

 Extension of Interim Financial Management Services Agreement 
 Dear Mr. Leddon: 
 Reference is made to that Interim Financial Management Services Agreement, dated September 4,
2007, by and between Novatel Wireless, Inc. (“Novatel”) and Leddon & Associates (the “Agreement”). The parties to the Agreement desire to extend the term of the Agreement for an additional 4 week period. Accordingly,
paragraph 4 of the Agreement is amended to add the following sentence as the new third sentence of such paragraph: “The parties agree that the Engagement shall continue for an additional 4 week period beginning on November 3, 2007
(“Extension Term”).” 
 Except as specifically amended above the terms and conditions of the Agreement are unchanged. 
 If you agree to the terms and conditions set forth above, please indicate your acceptance and approval by signing below and on the duplicate enclosed. Please return an
executed copy to the undersigned. 
 I look forward to working with you on this important matter. 
 Yours truly, 
 /s/ Peter V.
Leparulo                         
 Peter V. Leparulo 
 Executive Chairman 
 Novatel
Wireless, Inc. 
 AGREED AND ACCEPTED: 
 Leddon &
Associates 
 /s/ Ken Leddon 
 November 2, 2007 

Initials                  
 InitialsAmended and Restated Service Contract

 EXHIBIT 10.1 
 AMENDED AND RESTATED 
 SERVICE CONTRACT 
 FOR MANAGING DIRECTOR 
 between 
 Xerium Germany Holding GmbH 
 Föhrstraße 39 
 72760 Reutlingen 
 represented by its sole
shareholder Xerium Technologies Ltd., 
 in turn represented by its director Thomas Gutierrez 
 - “the Company” - 
 and 
 Mr. Joan Badrinas Ardevol 
 -
“Mr. Badrinas” or “the Managing Director” - 
 This Amended and Restated Service Contract for Managing Director is made by the parties
with effect as of 4 September 2007. 
 Reference is made to the Service Contract for Managing Director made as of 26 July 2006 in its amended and
restated version as of 30 September 2006 between the Company and Mr. Badrinas (the “Original Agreement”). 
 Now therefore, in
consideration of the promises and mutual covenants herein contained, and intending to be legally bound hereby, Parties hereby agree that the Original Agreement is amended and restated in its entirety as set forth below. 
 Xerium Technologies Ltd., as the sole shareholder of the Company, had agreed to employ Mr. Badrinas as managing director of the Company with effect as of
26 July 2006 and intends to continue to employ Mr. Badrinas in such capacity. On this basis the Parties agree upon the following Service Contract (“Service Contract”): 
  

	1.	Position and Scope of Duties 

  

	1.1	Subject to the following provisions, Mr. Badrinas shall be appointed as managing director (Geschäftsführer) of the Company. In such capacity he will manage in
particular all business activities of the Company and its subsidiaries. Within the Xerium Group he shall be President, Clothing Europe, with his regular place of work being Reutlingen. 

	1.2	The shareholder reserves the right to appoint additional managing directors (Geschäftsführer) and/or assign different or additional responsibilities to
Mr. Badrinas, which are reasonable and compatible with his experience and knowledge and which are comparable with the tasks previously assigned, and determine an allocation of responsibilities as well as the power to represent the Company
singly or jointly. 

  

	1.3	The Managing Director shall perform his duties by observing the diligence of a prudent businessman in accordance with the law, the provisions of this Service Contract, the
Company’s Articles of Association, the general directives and specific instructions given by the shareholder or the CEO of Xerium Technologies, Inc., as well as the Standing Orders for Management as amended from time to time. He shall
furthermore comply with any applicable policies of the Company and Xerium Technologies, Inc. from time to time in effect, including, without limitation, the Xerium Technologies, Inc. Corporate Code of Business Conduct and Ethics.

  

	1.4	The Managing Director shall report to the CEO of Xerium Technologies, Inc., to any member of the management or to any other employee of Xerium Group which the CEO of Xerium
Technologies, Inc. may determine. The Managing Director may consult the CEO of Xerium Technologies, Inc. on any issue that is beyond the ordinary operation of the business. In case of doubt, he shall request directions in writing. The position of
the CEO of Xerium Technologies, Inc. is currently held by Mr. Thomas Gutierrez. 

  

	1.5	The Managing Director shall work whatever hours are required. Furthermore, the Managing Director is prepared to undertake business trips within and outside of Germany as the
business requires. 

  

	1.6	 The Managing Director agrees to be appointed as managing director (“Geschäftsführer”) of Huyck Austria GmbH and to act in such capacity as
required by Austrian law, resolutions of the shareholder of Huyck Austria GmbH and its Articles of Association. The work performed in such capacity is covered by the base salary payable according to Section 4 of this Contract and will not
entitle the Managing Director to additional consideration. Necessary business expenses incurred by acting as managing director of Huyck Austria GmbH shall be reimbursed in accordance with the reimbursement policies of 

  

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Huyck Austria GmbH as amended from time to time. The activities of the Managing Director for Huyck Austria GmbH shall not be construed as a separate
employment or service relationship with Huyck Austria GmbH but will be limited to a mandate according to Article 1002 Austrian Civil Code (“Allgemeines Bürgerliches Gesetzbuch – ABGB”). 

  

	2.	Other Activities 

  

	2.1	The Managing Director shall devote his full working time and ability to the Company’s business. For the duration of this Service Contract, any other activity, apart from
services rendered for affiliated companies, be it with or without remuneration, is subject to the explicit prior written consent of the shareholder or the CEO of Xerium Technologies, Inc. 

  

	2.2	Academic and journalistic activity is permitted, provided that the Company is informed previously and that such activity does not adversely affect the function and working capacity
of the Managing Director, a disclosure of confidential information is not to be expected, and this does not in any other way interfere with the interests of the Company. 

  

	3.	Power of Representation/Management Authority 

  

	3.1	The Managing Director shall have single signing authority as provided for by shareholder resolution. The Managing Director is not exempt from the restrictions of Section 181
German Civil Code (Bürgerliches Gesetzbuch). 

  

	3.2	For all business transactions beyond the ordinary operations of the Company, the Managing Director shall obtain the prior written approval of the shareholder. The Managing Director
shall adhere to any specific distribution and/or limitation of authorities applicable for the management of the Company. 

  

	4.	Base Salary 

  

	4.1	The Managing Director shall be entitled to an annual gross base salary in the amount of EUR 275,000, the net amount of which shall be paid in 12 equal monthly instalments, payable
in arrears. 

 In addition, the Company shall pay half of the mandatory social security contributions
(Sozialversicherungsbeiträge) including contributions to state unemployment insurance, health insurance, nursing care insurance and state pension insurance. In case the Managing Director opts for a private health insurance instead of the
statutory health insurance, the Company will bear half of the contributions to the Managing Director’s private health insurance up to a maximum of the amount which it would have to pay for the statutory health insurance (BDO-Satz).

  

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 Upon payment of the above-mentioned salary, all activities the Managing Director has to perform under
this Service Contract shall be compensated. This also applies to activities for the benefit of other companies of the group. 
  

	4.2	The Managing Director is not entitled to pledge or assign his remuneration without having obtained the prior written consent of the shareholder. 

  

	5.	Bonus Plan, Right to Amend 

  

	5.1	The Managing Director shall be entitled to participate in cash bonus plans (the “Annual Bonus Plans”) from time to time in effect for senior executives of Xerium
Technologies, Inc. generally (it being understood that effective as of the date hereof, there is single such plan called the “Xerium Technologies, Inc. 2006 Cash Incentive Bonus Plan”). The terms of each Annual Bonus Plan and Managing
Director’s participation therein shall be determined by the Board of Directors of Xerium Technologies, Inc. or the compensation committee of such board. The Managing Director’s initial target participation level under such plans shall be
at 75 % of his base salary. Any awards under the Annual Bonus Plan shall be payable only to the extent earned pursuant to the terms of the applicable Annual Bonus Plan and shall be subject to adjustment in accordance with the terms of the
applicable Annual Bonus Plan. Any award with respect to 2006 shall be prorated in order to reflect that the Managing Director’s service to the Company commenced after the beginning of 2006. The Managing Director confirms that he has received a
copy of the Xerium Technologies, Inc. 2006 Cash Incentive Bonus Plan and the award to be made to him thereunder with respect to 2006. 

  

	5.2	Any awards under the Annual Bonus Plan are of a voluntary nature. The payment of an award under the Annual Bonus Plan with respect to one year shall not be deemed to create an
obligation to pay an award with respect to any future year. The Managing Director shall not acquire a legal claim to any award under the Annual Bonus Plan even if awards are granted over a longer period of time and/or if they are repeatedly granted
without the Company specifically reserving the right to claim the voluntariness on each occasion of the awards being granted. Therefore, the Board of Directors of Xerium Technologies, Inc. or compensation committee thereof, may, for any given future
year, alter, modify, add to or delete any Annual Bonus Plan at any time as it, in its sole judgment, determines to be appropriate. 

  

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	6.	Continued Remuneration in Case of Sickness 

  

	6.1	In the first six months of an inability to work due to sickness the Managing Director is entitled to continue to receive his full net base salary according to Section 4,
subject to Section 6.2 below in the case that the Managing Director is entitled to receive amounts from third parties in connection with such illness (through insurance coverage or otherwise). 

  

	6.2	If the Managing Director has compensation claims against third parties due to the loss of his earnings, caused by the inability to work, he shall assign such claims to the Company
in the amount of the continued payment of remuneration. 

  

	6.3	In all other respects the provisions of the Continued Salary Payment Act (Entgeltfortzahlungsgesetz) shall apply. 

  

	7.	Additional Benefits, Reservation of Right to Invoke Voluntary Nature of Benefits 

  

	7.1	The Company will recommend to the Compensation Committee of the Board of Directors of Xerium Technologies, Inc., to award Restricted Stock Units in mid 2007. Size and conditions of
such an award will be at the discretion and fully determined by the Compensation Committee of the Board of Directors of Xerium, Inc., and the Company will not be liable in connection with any such award. 

  

	7.2	Commencing 1 October, 2006 the Company will provide the Managing Director a monthly gross living allowance in the amount of Euro 1150 (subject to increase by the Company with
the approval of the Compensation Committee of the Board of Directors of Xerium Technologies, Inc.) in connection with the Managing Director leasing an apartment in Reutlingen or its vicinity. Upon prior presentation of appropriate cost estimate
documentation, the Company will bear reasonable real estate agent fees and furniture moving fees in connection with the initial renting of an apartment in October, 2006., provided that the CEO of Xerium Technologies, Inc. has approved such costs in
advance. 

  

	7.3	Should the Company grant to the Managing Director any further benefits beyond those described in this Service Contract, these benefits shall be granted on a voluntary basis. The
Managing Director shall not acquire a legal claim to these benefits even if they are granted over a longer period of time and/or if they are repeatedly granted without the Company specifically reserving the right to claim the voluntariness on each
occasion of the benefits being granted. 

  

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	8.	Travel Expenses 

 Travel expenses and other
necessary expenses reasonably incurred by the Managing Director in the furtherance of the Company’s business shall be reimbursed to him, against presentation of supporting documents and within the scope of the applicable German tax regulations.

  

	9.	Company Car 

  

	9.1	The Company shall provide the Managing Director in accordance with the Xerium Fleet Automobile Program in force from time to time with a company car for business and private use.
The Company reserves the right to substitute the car by another company car equal in value at any time. 

  

	9.2	The financial value of the private use of the company car is considered additional compensation to the Managing Director, which will be subject to wage withholding tax to be borne
by the Managing Director. 

  

	9.3	The costs of maintenance, insurance, and use of the company car including, but not limited to car insurances taxes, comprehensive liability insurance (Vollkaskoversicherung),
petrol, etc. shall be borne by the Company, unless otherwise provided in the Xerium Fleet Automobile Program. 

  

	10.	Vacation 

  

	10.1	The Managing Director shall be entitled to an annual vacation of 25 working days. Vacation entitlement accrues pro rata month by month through the calendar year.

  

	10.2	The time of vacation shall be determined in agreement with the CEO of Xerium Technologies, Inc. and the other managing directors, if any, thereby taking into consideration the
business requirements of the Company and the personal wishes of the Managing Director. 

  

	10.3	Vacation not taken during the calendar year may only be carried forward to the next calendar year with the approval of the Company or if they could not be taken in the preceding
year due to the business of the Company requiring the presence of the Managing Director. Vacation that cannot be carried forward according to this rule lapses effective December 31. Vacation carried forward must be taken by March 31 of the
following calendar year or will lapse. 

  

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	11.	Secrecy, Return of Items 

  

	11.1	The Managing Director shall not disclose to any third party, or use for personal gain, any confidential technical or other business information which has been entrusted to him, or
which has otherwise become known to the Managing Director and which relates to the Company or to any of its affiliated companies. In particular, no information may be disclosed concerning the organisation of the business, the relations with clients
and customers and the Company’s technical know-how. This obligation shall not expire upon termination of this Service Contract, but shall continue to remain in force thereafter. 

  

	11.2	Business records of any kind, including private notes concerning Company affairs and activities, shall be carefully kept and shall be used for business purposes only. No copies or
extracts or duplicates of drawings, calculations, statistics and the like nor of any other business records or documents may be made for purposes other than for the Company’s business. 

  

	11.3	Upon request of the Company, and in case of termination of this Contract without solicitation, the Managing Director shall return all items pertaining to the Company or any of its
affiliates at the location of its business offices to the attention of another managing director, if any, or of any other employee of the Xerium Group whom the CEO of Xerium Technologies, Inc. or an individual designated by the CEO of Xerium
Technologies, Inc. may determine. 

  

	12.	Granting of Proprietary Rights 

  

	12.1	The Managing Director hereby irrevocably assigns to the Company all exclusive rights to all copyrightable work products originating from or in connection with his performance of
duties and tasks within and during his service relationship with the Company. The Company may assign such rights and may publish the work products. The assignment of rights and exploitation of work products by the Company shall be deemed compensated
by the remuneration paid to the Managing Director. The Managing Director hereby waives his right to be named as an author of the work products and his right to publish the work products. The Managing Director may only make use of any other moral
rights, including the right of revocation and the right to prohibit alterations or distortions, as directed in writing by the Company. 

  

	12.2	In case the Managing Director creates other copyrightable work products he shall notify the Company if exploitation of such work products seems possible. The Company may acquire the
right to exploit such work products against payment of a reasonable compensation. If the Company is not interested in acquiring exploitation rights the Managing Director can freely dispose of the respective work products within the limitations of
the statutory obligation not to compete. 

  

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	12.3	In all other respects, the statutory regulations regarding inventions, copyrights and ancillary rights shall apply. 

  

	13.	Term of Employment, Right of Termination, Release; Change of Control 

  

	13.1	This Service Contract is concluded for an indefinite period of time. It shall, however, automatically end no later than the expiry of the month during which the Managing Director
attains the age of 65 years, or the month during which the Managing Director is entitled to receive full state old age pension without any deductions or pension for full reduction in earning capacity (ungeminderte
Erwerbsunfähigkeitsrente), whichever occurs first. 

  

	13.2	During its term this Contract may be terminated by either Party with a notice period of 12 (twelve) months effective to the end of any given calendar month.

  

	13.3	In case the Managing Director has been removed, or this Contract has been terminated by either Party, the Company is entitled to – revocably or irrevocably – unilaterally
release the Managing Director from his duty to work for the remaining term of this Service Contract, whilst continuing to pay his remuneration pursuant to Section 4.1 of this Service Contract and, only if this Contract has been terminated by
the Company, a pro-rated bonus pursuant to Section 5 of this Service Contract that would be payable to the Managing Director during the notice period insofar as such bonus is actually earned based on the performance of Xerium Technologies, Inc.
Other payments shall not be made during the period of release. 

 Any open vacation claims shall be deemed compensated by a
period of irrevocable release. The open vacation shall be taken from the first day after the release on without interruption. After the vacation, the provisions of section 615, second sentence, German Civil Code (“Bürgerliches Gesetzbuch
– BGB”) shall apply. 
 The obligation to comply with the statutory duty not to compete effective during the term of this Service
Contract remains unaffected during the period of release. 
  

	13.4	Each party’s right to terminate this Service Contract in exceptional cases, in particular to give termination without notice pursuant to Section 626 of the German Civil
Code, remains unaffected. 

  

	13.5	Notice of termination must be given in writing. 

  

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	13.6	In the event that the Company terminates this Service Contract the Managing Director shall receive a Severance Pay (as defined below), if all of the following three conditions are
met: (i) the Company terminates regularly in accordance with Section 13.2 of this Service Contract; (ii) the termination is made for reasons other than inability of the Managing Director to provide his services under this Service
Contract or violation of his contractual or legal duties; and (iii) the notice of termination is issued within one year of a Xerium Change of Control. 

 “Xerium Change of Control” shall mean any of the following which takes place after the date hereof: (i) any Person or “group,” within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934 (the “Act”), other than Xerium Technologies, Inc. or any of its subsidiaries or any trustee or other fiduciary holding securities under an employee benefit plan of Xerium Technologies, Inc. or one of its
subsidiaries or any Apax Party becomes a beneficial owner, directly or indirectly, in one or a series of transactions, of securities representing fifty percent (50%) or more of the total number of votes that may be cast for the election of
directors of Xerium Technologies, Inc.; (ii) any merger or consolidation involving Xerium Technologies, Inc. or any sale or other disposition of all or substantially all of the assets of Xerium Technologies, Inc., or any combination of the
foregoing, occurs and the beneficial owners of Xerium Technologies, Inc.’s voting securities outstanding immediately prior to such consolidation, merger, sale or other disposition do not, immediately following the consummation of such
consolidation, merger, sale or other disposition, hold beneficial ownership, directly or indirectly, of securities representing fifty percent (50%) or more of the total number of votes that may be cast for election of directors of the surviving
or resulting corporation in the case of any merger or consolidation or of the acquiring Person or Persons in the case of any sale or other disposition; or (iii) within twelve (12) months after a tender offer or exchange offer for voting
securities of Xerium Technologies, Inc. (other than by Xerium Technologies, Inc. or any of its Subsidiaries), individuals who are Continuing Directors shall cease to constitute a majority of the Board of Directors of Xerium Technologies, Inc.. For
the purpose of this definition, (i) the term “beneficial owner” (and correlative terms, including “beneficial ownership”) shall have the meaning set forth in Rule 13d-3 under the Act, (ii) “Apax Party” means
Apax WW Nominees Ltd., Apax-Xerium APIA LP, Apax Europe IV GP and their respective affiliates and (iii) “Continuing Director” means each individual who was a director of Xerium Technologies, Inc. immediately prior to the event in
question and each individual whose election as a director by the Board of Directors of Xerium Technologies, Inc. or whose nomination for election by the stockholders of Xerium Technologies, Inc. was approved by a vote of two-thirds of the directors
then still in office who were directors immediately prior to such event or whose election or nomination was previously so approved. 
  

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 The “Severance Pay” shall amount to six months base salary. The resulting net amount after
legally required deductions and withholdings shall be paid with the last salary payment made to the Managing Director at the end of the notice period. For the avoidance of doubt it is agreed that a termination for exceptional cause in accordance
with Section 13.4 of this Service Contract shall in no case entitle the Managing Director to a Severance Pay. 
  

	14.	Obligation not to entice away Employees after Termination of the Employment Relationship 

  

	14.1	The Managing Director agrees that for a period of two years after the termination of this Service Contract that he shall neither directly nor indirectly entice away employees of the
Company, its subsidiaries, parent and other affiliated companies, or cause them in any other way to leave the Company, its subsidiaries or parent company, if for that purpose he induces them to break their contractual obligations or uses information
which is subject to the duty of secrecy according to Section 11 of this Service Contract. 

  

	14.2	Every time the Managing Director breaches the obligations described under Section 14.1 of this Service Contract, he shall pay a contractual penalty in the amount of one
monthly base salary. In the case of a continuing violation of his obligation, a contractual penalty shall accrue for each additional month, which has begun. 

  

	14.3	The Company’s right to further damages shall not be affected. 

  

	15.	Final Provisions 

  

	15.1	This Service Contract represents the entire agreement and understanding of the parties. All previous employment contracts or service contracts concluded with the Company or its
affiliates are cancelled explicitly and by consent of both parties effective to the commencing date of this Service Contract. 

  

	15.2	Any amendments or additions to this Service Contract, including this clause on written form, are only effective if made in written form. 

  

	15.3	If one of the provisions of this Service Contract is held to be invalid, the remaining provisions shall remain valid. The invalid provision shall be replaced by a valid one, which
is as close as possible to the economic effect of the invalid provision. The same shall apply in the event that the Service Contract is found to be incomplete. 

  

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	15.4	In the event of disputes in connection with this Service Contract the place of jurisdiction shall be the corporate seat of the Company. 

  

	15.5	This Service Contract shall be governed and construed in accordance with the laws of the Federal Republic of Germany. 

  

									
	 The Company
 represented by:
 Xerium Technologies Ltd.,
 represented by:
 Thomas Gutierrez, Director
	 		 	Managing Director
			
	 Place, Date: Youngsville, North Carolina
                      4 September 2007
	 		 	 Place, Date: Reutlingen, Germany
                      4 September 2007

					
	Signature:	 	/s/ Thomas Gutierrez	 		 	Signature:	 	/s/ Joan Badrinas Ardevol
		 		 		 		 	

  

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