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EXHIBIT 10.9    
  

October 3,
2001 

Harry
H. Nick

c/o Seneca Investment Group, L.L.C.

6106 MacArthur Boulevard

Bethesda, MD 20816 

Re:
Consulting Services 

Dear
Harry: 

        This
letter (the "Agreement") confirms the terms and conditions under which you have agreed to perform consulting services for The Mills Corporation and its affiliates (collectively, the
"Company"). 

        1.    Scope of Work.    Under this
Agreement, you will provide consulting services to the Company with respect to such real estate and other transactions as may be assigned to you from time to time. We envision that in some instances
you will take a primary role in negotiating business deals on behalf of the Company. In other instances, your role will be more secondary in nature, consisting primarily of reviewing drafts of
transaction documents and advising the Company on business terms, strategies, etc. We envision that the services you perform on behalf of the Company will require, on average, approximately 25% of
normal business hours. In performing your services under this Agreement, you will, of course, be interacting with various business executives and attorneys of the Company. Your services should be
coordinated with Kenneth R. Parent, the Company's Executive Vice President and Chief Financial Officer, and he will assist you in prioritizing the various projects that may be assigned to you from
time to time. 

        2.    Term.    The term of this Agreement
shall be for seventeen (17) months, beginning as of August 1, 2001. At the conclusion of the term, we will meet to explore whether an extension of the term of this agreement will be
mutually acceptable. Either party may terminate this Agreement for its own convenience at any time, with or without cause, by giving thirty (30) days written notice to the other party. 

        3.    Independent Contractor
Relationship.    You will be an independent contractor and not an employee of the Company. Neither you nor the Company shall represent directly or indirectly that you have
authority to bind the Company, or to incur any liabilities or obligations of any kind in the name of or
on behalf of the Company. You shall not assign or subcontract any of your obligations hereunder without prior written consent of the Company. 

        4.    Payment for Services.    The
Company will pay you for services rendered pursuant to this Agreement a fee (the "Fee") which shall be calculated and payable as follows: 

        (a)  The
Company shall pay you a monthly guaranteed draw (the "Draw"), payable on the first business day of each month, in the
amount of $15,000 per payment with respect to services performed during the preceding month. 

        (b)  The
Company also shall pay you a success fee (the "Success Fee"), in an amount to be determined by mutual agreement upon
based on the completion of projects that have occurred on or before December 31st of the applicable year. Early termination of this Agreement by either party shall not be deemed
to constitute a waiver or release with respect to any Success Fees that has been earned prior to such termination. 

 

Fees payable pursuant to this Agreement will be in addition to, and not in lieu of, fees that you earn in your capacity as a director of the Company. 

        5.    Expense Reimbursement.    The
Company will reimburse you for reasonable and pre-authorized travel expenses for purposes of face-to-face client meetings. Such reimbursement shall be made in
accordance with and subject to the Company's standard policies concerning reimbursable expenses. 

        6.    Tax Treatment.    You and the
Company agree that the Company will treat you as an independent contractor for purposes of all tax laws (local, state and federal) and file forms consistent with that status. As an independent
contractor, you acknowledge that you will not be entitled to receive unemployment benefits in the event this Agreement terminates, or workers' compensation benefits in the event that you are injured
in any manner while performing obligations under this Agreement. You will be solely responsible to pay any and all local, state, and/or federal income, and social security and unemployment taxes. The
Company will provide you with a Form 1099 to the extent required by law. 

        7.    Changes.    This Agreement shall
not be changed, modified, supplemented or amended except by express written agreement signed by you and the Company. 

        8.    Burden and Benefit.    This
Agreement shall be binding upon, and shall inure to the benefit of, the Company, its successors and assigns, and you, and your heirs. The Company shall have the right to assign its rights hereunder to
any successor in interest, whether by merger, consolidation, sale of assets, or otherwise. 

        9.    No Waiver.    The failure of either
party to execute a right or to require performance by the other party of any part of this Agreement shall not affect the full right to exercise such right or to require such
performance at any time thereafter, nor shall the waiver by either party of a breach of any provision of this Agreement constitute a waiver of any later breach of the same or any other provision. 

        10.    Complete Agreement.    This
Agreement is the complete and exclusive statement of the Agreement between the parties and supersedes any and all prior or contemporaneous representations, communications and contractual agreements
relating to the subject matter of this Agreement, whether written or oral. 

        11.    Applicable Law.    This Agreement
shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia without regard to the conflict of laws provisions thereof. 

        12.    Severability.    The provisions of
this Agreement shall be deemed severable, and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect the validity or enforceability of any one or more of the
other provisions hereof. 

        13.    Notices.    All notices, demands,
requests or other instruments which may be or are required to be given hereunder shall be in writing and sent to you or the Company to the addresses set forth in this Article, by hand delivery, via
facsimile, certified mail-return receipt requested, or via overnight courier, and shall be deemed sufficient notice and demand in any case arising under this Agreement. Each party may give
notice to the other party of a change of its address for the purposes of giving notice under this paragraph which thereafter, until changed by a like notice, shall be the address of such party for all
purposes of this Agreement. 

	Client:	 	The Mills Corporation

Attn.: General Counsel

1300 Wilson Blvd.

Suite 400

2

 

	 	 	Arlington, VA 22209

Telephone: 703-526-5155

Facsimile: 703-526-5298
	

Consultant:	
 	

Harry H. Nick

c/o Seneca Investment Group, L.L.C.

6106 MacArthur Boulevard

Bethesda, MD 20816

Telephone: 301-320-0420

Facsimile: 301-320-4215

        Please
confirm your agreement to the foregoing matters by signing and returning a copy of this letter. We look forward to working with you. 

	 	 	Very truly yours,
	

 	
 	

THE MILLS CORPORATION
	

 	
 	

By:	

/s/  LAURENCE C. SIEGEL      
 Laurence C. Siegel

Chairman and Chief Executive Officer
	

CONFIRMED AND AGREED:	

 
	

/s/  HARRY H. NICK      
 Harry H. Nick	

 

3

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EXHIBIT 10.37    
  

        
March 21,
2001                                         
       

Personal & Confidential

Via Facsimile (847/940-7110) and

Federal Express

Mr. Thomas E. Powell

1052 Inverlieth Road

Lake Forest, Illinois 60045 

Dear
Tom: 

        It
is my great pleasure to extend to you on behalf of Midway Games Inc. ("Midway") an offer of the position of Executive Vice President—Finance, Treasurer and Chief
Financial Officer. 

        The
position will report to me and will pay a base salary of $240,000 per year, plus a fiscal year-end discretionary performance bonus of up to a target percentage of your
base salary (to be prorated for fiscal 2001, based on the fraction of that fiscal year you are employed by Midway). This target percentage shall be 50% for fiscal years 2001 and 2002, and shall
thereafter be revised to permit a bonus in excess of 50% of you base salary. Your bonus will be based upon the extent to which corporate performance and personal objectives, to be agreed upon between
you and I at the start of each such fiscal year, are achieved during each such fiscal year. We have already agreed that net income would not be one of the objectives used for fiscal 2001 or 2002, but
that the objectives we shall agree upon for those years will emphasize the development of Midway's financial analysis and business planning capabilities. In addition, you will be eligible to
participate in all standard Midway benefits (medical; 401(k)) and all other benefits generally available to executive employees, including the Exec-U-Care supplemental benefits
program, after you meet the eligibility period requirements applicable to each benefit, except that rather than accruing vacation time under Midway's standard vacation policy, you will accrue four
weeks of vacation time per calendar year (use of this benefit will be in accordance with the policy, provided that you shall be permitted to take four weeks of vacation between your start date and
December 31, 2001). A copy of the Exec-U-Care program is attached for your information. As an officer of Midway, you would be covered in that capacity by the company's
directors' and officers' liability policy. 

        As
we have discussed, to facilitate the orderly transition of responsibilities to you from Midway's present Executive Vice President—Finance, Treasurer and Chief Financial
Officer, Harold H. Bach, Jr., we would proceed as follows: You would commence your employment as Executive Vice President—Finance and Treasurer, reporting to me. Harold would remain Chief
Financial Officer (and thereby Principal Financial and Principal Accounting Officer) until the earlier of the date of Midway's filing of its Form 10-K for its fiscal year 2001 with
the Securities and Exchange Commission, September 30, 2001, or such other date as Harold, you and I agree. Upon the first to occur of these three dates, you would become Chief Financial Officer
(and thereby Principal Financial and Principal Accounting Officer). 

        Upon
the commencement of your employment, I will recommend that the Midway Stock Option Committee grant to you an option to purchase 100,000 shares of Midway Common Stock which may be
exercised pursuant to a Midway stock option plan. With respect to such grant, stock options may be exercised as follows: up to twenty-five percent (25%) of the total number of shares
granted to you shall be exercisable commencing on the first anniversary of the date of grant; up to fifty percent (50%) of the total grant shall be exercisable commencing on the second anniversary of
the date of grant; up to seventy-five percent (75%) of the total grant shall be exercisable commencing on the third anniversary of the date of grant; and up to one hundred percent (100%)
of the total grant shall be exercisable commencing on the fourth anniversary of the date of grant. Such stock options will have an exercise price equal to the closing price of Midway Common Stock on
the date of the commencement of your 

employment by Midway. In addition, notwithstanding the terms of the stock option plan, I will recommend to the Midway Stock Option Committee that the terms of your option described above provide that
upon (i) dissolution or liquidation of Midway, or similar occurrence; (ii) any merger consolidation, acquisition, separation, reorganization, or similar occurrence, where Midway will not
be a surviving entity; or (iii) a transfer of substantially all of the assets of Midway or more than 80% of the outstanding common stock of Midway in a single transaction (each, a
"Transaction"); you shall have the right immediately prior to or concurrently with such Transaction to exercise any unexpired option, whether or not then exercisable, and whether or not the terms of
any such Transaction provide for either the assumption or substitution of your option. 

        Your
employment will be considered "employment at will," however, in the event your employment is terminated by Midway other than for cause, you will be entitled to a severance payment
equal to nine months' salary following your termination. Any such severance amount would be based upon your base annual salary upon the date of termination and would be paid to you in normal payroll
intervals. 

        This
employment offer and your officer appointment as aforesaid is subject to approval by Midway's Board of Directors, and is contingent upon your signing the attached Inventions,
Intellectual Material and Confidentiality Agreement. 

        Please
call me at your earliest convenience to discuss your response to our offer. Based on our conversation, I understand that your start date would be April 9, 2001. 

Sincerely, 

MIDWAY
GAMES INC. 

/s/  NEIL D. NICASTRO    

Neil D. Nicastro

Chairman of the Board, President

and Chief Executive Officer 

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EXHIBIT 10.37

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