Document:

Exhibit 10.3

 

EXECUTION COPY

 

CONSULTING AGREEMENT

 

This CONSULTING AGREEMENT (this “Agreement”),
dated as of February 4, 2009 (the “Effective Date”), is entered
into by and between Accuride Corporation, a Delaware corporation (the “Company”)
and Sun Capital Partners Management V, LLC, a Delaware limited liability
company (the “Consultant”).  The
Company and Consultant are referred to herein as the “Parties”.

 

W  I
T  N  E  S  S  E  T  H:

 

WHEREAS, the Company desires to receive consulting
services from the Consultant and to obtain the benefit of the experience of the
Consultant in business and financial management;

 

WHEREAS, the Consultant desires to provide consulting
services to the Company pursuant to the terms of this Agreement; and

 

WHEREAS, the compensation arrangements set forth in
this Agreement are designed to compensate the Consultant for providing such
financial and management consulting services to the Company.

 

NOW, THEREFORE, in consideration of the mutual
agreements hereinafter set forth, the Company and the Consultant hereby agree
as follows:

 

1.                                       Agreement;
Term.

 

(a)                                  The
Company and its direct and indirect subsidiaries (the “Subsidiaries”)
have requested that the Consultant perform certain consulting services for the
Company and/or the Subsidiaries, including those described in Schedule 1(a) attached
hereto (any services that the Consultant shall provide from time to time,
whether or not on Schedule 1(a), the “Services”).  To the extent the Consultant performs the
Services, unless otherwise specified in writing, the terms and conditions by
which the Consultant will provide the Services are specified herein.  The Parties agree and acknowledge that the
Consultant shall have no obligation to perform any services except as agreed to
by the Consultant from time to time.

 

(b)                                 It
is expressly understood and agreed that the Consultant shall devote only so
much time, and shall consult with and advise the officers and directors of the
Company and/or any Subsidiary only to such extent and at such times and places as
may be mutually agreed by the Company and/or such Subsidiary and the
Consultant.  The Consultant shall be free
to provide services similar to the Services to such other business enterprises
or activities as the Consultant may deem fit without any limitation or
restriction whatsoever.

 

(c)                                  The term of this Agreement shall commence as
of the Effective Date and shall terminate on the fifth (5th) anniversary of the Effective Date, and
shall be extended automatically thereafter on a year-to-year basis; provided,
that either of the Parties may (in such Party’s sole discretion) elect in
writing to terminate this Agreement at anytime. 
Notwithstanding any other provisions hereof, (A) the Company’s obligation
to pay amounts due with respect to periods prior to the termination hereof and (B) the
provisions of Sections 3 through 21 hereof, in each case
shall survive any termination of this Agreement.

 

1

 

2.                                       Compensation
and Expenses.

 

(a)                                  Except
as contemplated hereby or as approved by a majority of the Company’s
Unaffiliated Directors (as defined below), the Company shall have no obligation
to pay the Consultant and/or any of its affiliates (each, a “Consultant
Affiliate”) any fees for the services rendered hereunder and all matters
related thereto (the “Consulting Fees”). 
As used herein, the term “Unaffiliated Directors” shall mean the
Company’s directors who are not employees of the Consultant and/or any
Consultant Affiliate, and who are not directly elected by the Consultant or any
Consultant Affiliate.  For the avoidance
of doubt, the Independent Director (as defined in the Last Out Debt Agreement
dated as of February 4, 2009 by and between the Company and Sun Accuride
Debt Investments, LLC) is an Unaffiliated Director.

 

(b)                                 The
Company shall reimburse the Consultant and/or any Consultant Affiliate from
time to time at the request of the Consultant and/or any Consultant Affiliate
for the cost of all reasonable and documented out-of-pocket fees and expenses
incurred by the Consultant and/or any Consultant Affiliate in the performance
of the Services rendered hereunder and all matters related thereto (the “Consultant
Expenses”).  Such out-of-pocket costs
shall include, without limitation, the costs of any service providers,
attorneys, accountants, investment bankers, management, restructuring, real
estate or other consultants, or other similar agents, advisors, or
representatives engaged by the Consultant or Consultant Affiliate for the
Company’s or any Subsidiary’s benefit. 
For the avoidance of doubt, reimbursement of such Consultant Expenses
shall not be conditioned on the approval of the Unaffiliated Directors, and
shall be in addition to any Consulting Fees payable hereunder.

 

(c)                                  The
aforementioned Consulting Fees and Consultant Expenses (together, the “Fees”)
will be payable promptly, but in no event more than thirty (30) calendar days
following the date which Consultant or any Consultant Affiliate submits to the
Company an invoice for such Fees (which may be more than once per month).

 

(d)                                 All
services provided by a Consultant Affiliate to the Company shall be covered by
the terms hereof and the Consultant and each Consultant Affiliate shall be
considered a Consultant Indemnitee (as defined in Section 5 below)
with respect to such services provided. 
The Company agrees that each Consultant Affiliate shall also be a third
party beneficiary hereunder.  For
avoidance of doubt, when used herein, the term affiliate includes, without
limitation, Sun Capital Advisors, Inc. and any similar entities (it being
understood and agreed that the failure to list any entity as an affiliate shall
in no way suggest any entity is not an affiliate).

 

3.                                       Relationship
of the Parties.  The Consultant is
providing services hereunder as an independent contractor.  Nothing in this Agreement shall be deemed to
constitute the Parties hereto as joint venturers, alter egos, partners or
participants in an unincorporated business or other separate entity, nor in any
manner create any employer-employee or principal-agent relationship between the
Company and/or any of the Subsidiaries on the one hand, and the Consultant or
any of the Consultant’s members, managers, agents, sub-contractors, officers or
employees on the other hand (notwithstanding the fact that the Company and the
Consultant may have in common any officers, directors, stockholders, members,
managers, employees, or other personnel).

 

2

 

4.                                       Directors
and Officers.  Nothing in this
Agreement shall be construed to relieve the  directors
or officers of the Company or any of the Subsidiaries from the performance of
their respective duties or limit the exercise of their powers in accordance
with the Company’s or such Subsidiary’s, as applicable, charter, bylaws,
operating agreement, other constituent documents, applicable law, or
otherwise.  The activities of the Company
and each of the Subsidiaries shall at all times be subject to the control and
direction of their respective directors, managers and officers.  The Company and the Subsidiaries reserve the
right to make all decisions with regard to any matter upon which the Consultant
or any Consultant Affiliate has rendered its advice and consultation.  The Parties expressly acknowledge and agree
that the Consultant is being engaged by the Company to provide consulting
services to the Company and the Subsidiaries, for which the Consultant will be
compensated pursuant to the terms of this Agreement.  The Consultant shall not, and shall have no
authority to, control the Company or any of the Subsidiaries or the Company’s
or any of the Subsidiaries’ day-to-day operations, whether through the
performance of the Consultant’s duties hereunder or otherwise.  Moreover, although the Company and/or any of
the Subsidiaries may grant to the Consultant authority to sign, review or
approve the Company’s and/or such Subsidiary’s checks, payments, expenditures,
transfers and/or conveyances, any such grant of authority shall be made by the
Company or such Subsidiary, as applicable, and accepted by the Consultant with
the express understanding and limitation that the Consultant shall possess and
exercise such authority solely in its capacity as a provider of consulting
services pursuant to the terms of this Agreement and in no other capacity, and
that no inference shall be drawn therefrom as to any ability of the Consultant
to control the Company or such Subsidiary or the Company’s or such Subsidiary’s
day-to-day operations or as to any liability or responsibility therefor.  The Company’s and each of the Subsidiaries’
directors, managers, officers and employees shall retain all responsibility for
the Company or such Subsidiary, as applicable, and its operations as and to the
extent required by the Company’s or such Subsidiary’s charter, bylaws,
operating agreement, other constituent documents, and applicable law.

 

5.                                       Limitation
of Liability.  Neither the Consultant
nor any of its affiliates, nor any of their respective members, managers,
partners, directors, officers, employees, agents retained in connection with
the services contemplated by this Agreement and/or controlling persons, nor any successor by operation of law
(including by merger) of any such person, nor any entity that acquires all or
substantially all of the assets of any such person in a single transaction or
series of related transactions (all of the foregoing, collectively, the “Consultant
Indemnitees”) shall be liable to the Company or any of the Subsidiaries or
affiliates or any of the security holders or creditors of the Company or any of
its affiliates for (a) any damage, loss, liability, deficiency, diminution
in value, action, suit, claim, proceeding, investigation, audit, demand,
assessment, fine, judgment, cost or other expense (including, without
limitation, legal fees and expenses) (collectively “Liabilities”)
directly or indirectly (whether direct or indirect, in contract or tort or
otherwise) arising out of, related to, caused by, based upon or in connection
with the performance of services contemplated by this Agreement unless such
Liability shall be judicially determined in a final non-appealable order to
result directly and primarily from the willful misconduct of such person or (b) any
Outside Activities (as defined in Section 19 below).  The Consultant makes no representations or warranties, express or implied, in respect
of the services provided by any Consultant Indemnitee.  In no event will any Consultant
Indemnitee be liable to the Company or any of the Subsidiaries or affiliates or
any of the security holders or creditors of the Company or any of its
affiliates (i) for any special, indirect, punitive, incidental or 

 

3

 

consequential damages,
including, without limitation, loss of profits or savings or lost business,
whether or not such damages are foreseeable or such Consultant Indemnitee has
been advised of the possibility of such damages or (ii) in respect of any Liabilities
relating to any third party claims (whether based in contract, tort or otherwise),
except as set forth in Section 6 below.  Under no circumstances will the aggregate of
any and all Liabilities of the Consultant Indemnitees exceed the aggregate of
the Fees actually paid to the Consultant hereunder.

 

6.                                       Indemnification.  The Company and the Subsidiaries shall
jointly and severally  reimburse, defend,
indemnify and hold the Consultant Indemnitees, and each of them, harmless from
and against any Liabilities arising out of, related to, caused by, based upon
or in connection with (a) any act or omission of, or on behalf of, the
Company, any of the Subsidiaries, the Consultant or any of the Consultant
Indemnitees, except to the extent judicially determined in a final
non-appealable order to result directly and primarily from the willful misconduct
of the person seeking indemnification, or (b) any act or omission made at
the direction of the Company or any of the Subsidiaries (collectively, the
items in (a) and (b) above, “Claims”).  The Company and the Subsidiaries shall
jointly and severally defend at their own cost and expense any and all suits or
actions (just or unjust) which may be brought against the Company, any of the
Subsidiaries or any of their affiliates, or any Consultant Indemnitee or in
which any Consultant Indemnitee may be impleaded with others upon any Claims,
or upon any matter, directly or indirectly arising out of, related to, caused
by, based upon or in connection with this Agreement or the performance (or
failure of performance) hereof by any Consultant Indemnitee, except to the
extent judicially determined in a final non-appealable order to result directly
and primarily from the willful misconduct of the person seeking
indemnification.

 

7.                                       Subsidiary
Guarantors.  At the Consultant’s
request, the Company shall cause any domestic Subsidiary who is not then a
party to the Subsidiary guaranty attached hereto promptly to execute a joinder
to such Subsidiary guaranty.

 

8.                                       Amendment.  No amendment of any provision of this
Agreement will be effective unless made in writing and signed by the Consultant
and the Company.

 

9.                                       Waiver.  No waiver will be effective unless it is in a
writing signed by a duly authorized officer of the waiving Party that makes
express reference to the provision or provisions subject to such waiver.

 

10.                                 Counterparts
and Facsimile.  For the convenience
of the Parties hereto, this Agreement may be executed in any number of separate
counterparts, each such counterpart being deemed to be an original instrument,
and all such counterparts will together constitute the same agreement.  Executed signature pages to this
Agreement may be delivered by electronic facsimile (including via electronic
mail) and such facsimiles will be deemed as sufficient as if actual signature pages had
been delivered.

 

11.                                 Governing
Law.  This Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of Delaware, without giving effect to principles of conflicts of law or
choice of law that would compel the application of the substantive laws of any
other jurisdiction.

 

4

 

12.                                 WAIVER
OF JURY TRIAL.  EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LITIGATION, ACTION,
PROCEEDING, CROSS-CLAIM, OR COUNTERCLAIM IN ANY COURT (WHETHER BASED ON
CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF, RELATING TO OR IN CONNECTION WITH
(I) THIS AGREEMENT OR THE VALIDITY, PERFORMANCE, INTERPRETATION,
COLLECTION OR ENFORCEMENT HEREOF OR (II) THE ACTIONS OF THE PARTIES IN THE
NEGOTIATION, AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT HEREOF.

 

13.                                 Notices.  All notices, demands and other communications
to be given or delivered under or by reason of the provisions of this Agreement
shall be in writing and shall be deemed to have been given (i) when
personally delivered, sent by telecopy (with hard copy to follow); (ii) one
(1) day after sent by reputable overnight express courier (charges
prepaid); or (iii) five (5) days following mailing by certified
or registered mail, postage prepaid and return receipt requested.  Unless another address is specified in
writing, notices, demands and communications to the Company and the Consultant
shall be sent to the addresses indicated below.

 

(a)                                  If
to the Consultant:

 

Sun Capital Partners
Management V, LLC

5200 Town Center Circle, Suite 600

Boca Raton, Florida 33486

Attention: Jason H. Neimark, Brian Urbanek and C. Deryl Couch

Facsimile: (561) 394-0540 

Email: jneimark@suncappart.com, burbanek@suncappart.com and dcouch@suncappart.com

 

and

 

Sun Capital
Partners Management V, LLC

11111 Santa Monica Blvd., Suite 1050

Los Angeles, California 90025

Attention: Michael J. Satzberg

Facsimile: (310) 473-1119 

Email: msatzberg@suncappart.com

 

with a copy to:

 

Kirkland &
Ellis LLP

200 E. Randolph Drive

Chicago, Illinois 60601

Attention: Douglas C. Gessner, P.C., Gerald T. Nowak and Jeremy S. Liss

Facsimile: (312) 861-2200 

Email: dgessner@kirkland.com, gnowak@kirkland.com and jliss@kirkland.com

 

5

 

(b)                                 If
to the Company:

 

Accuride Corporation

7140 Officer Circle

Evansville, Indiana 47715

Attention: David K. Armstrong

Facsimile: (812) 962-5426

Email: dkarmstr@accuridecorp.com

 

with a copy to:

 

Latham &
Watkins LLP

Sears Tower, Suite 5800

233 South Wacker Drive

Chicago, Illinois 60606

Attention: Christopher D. Lueking

Facsimile: (312) 993-9767

Email: christopher.lueking@lw.com

 

14.                                 Entire
Agreement.  This Agreement sets forth
the entire agreement of the Parties hereto with regard to the subject matter
hereof and supersedes and replaces all prior agreements, understandings and
representations, oral or written, with regard to such matters.

 

15.                                 Assignment;
Successors and Assigns.  This
Agreement and the rights, duties and obligations of the Company and the
Subsidiaries hereunder may not be assigned or delegated by the Company or any
Subsidiary without the prior written consent of the Consultant.  Except to the extent set forth herein, this
Agreement and the rights, duties and obligations of the Consultant and the
Consultant Affiliates hereunder may not be assigned or delegated by the
Consultant or any Consultant Affiliate without the prior written consent of the
Company.  All covenants, promises and
agreements by or on behalf of the Parties contained in this Agreement shall be
binding upon and shall inure to the benefit of the Parties hereto and their
respective heirs, legal representatives, successors and assigns.

 

16.                                 Severability.  If any provision of this Agreement, or the
application thereof to any person or circumstance, is determined by a court of
competent jurisdiction to be invalid, void or unenforceable, the remaining
provisions hereof, or the application of such provision to persons or
circumstances other than those as to which it has been held invalid or
unenforceable, will remain in full force and effect and shall in no way be
affected, impaired or invalidated thereby, so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any party.  Upon
such determination, the Parties shall negotiate in good faith in an effort to
agree upon a suitable and equitable substitute provision to effect the original
intent of the Parties.

 

17.                                 Further
Assurances. Each party hereto agrees to use all reasonable efforts to
obtain all consents and approvals, and to do all other things, necessary for
the transactions contemplated by this Agreement.  The Parties agree to take such further action
and to deliver or cause to be delivered any additional agreements or
instruments as any of them may reasonably

 

6

 

request for the purpose
of carrying out this Agreement and the agreements and transactions contemplated
hereby.

 

18.                                 Attorneys’
Fees.  If any action at law or in
equity is necessary or desirable to enforce or interpret the terms of this
Agreement, to protect the rights obtained hereunder, or where any provision
hereof is validly asserted as a defense, and in the case such action is taken
by the Consultant, the Consultant shall be entitled to recover from the Company
and/or from any Subsidiary its reasonable attorneys’ fees incurred in
connection therewith, including attorneys’ fees on appeal, and all costs and
disbursements, in addition to any other available relief or remedy to which it
may be entitled, and in the case such action is taken by the Company, the
Company shall be entitled to recover from the Consultant and/or from any
Consultant Affiliate its reasonable attorneys’ fees incurred in connection
therewith, including attorneys’ fees on appeal, and all costs and
disbursements, in addition to any other available relief or remedy to which it
may be entitled.

 

19.                                 Outside
Activities.  The Company hereby
acknowledges and agrees that one or more of the Consultant Indemnitees have
had, and from time to time may have, outside activities or interests that
conflict or may conflict with the best interests of the Company, any Subsidiary
or any of their affiliates (collectively, “Outside Activities”),
including (without limitation) investment opportunities or investments in,
ownership of, or participation in entities that are or could be complementary
to, or competitive with, the Company, any Subsidiary or any of their
affiliates.  The Company hereby consents
to all such Outside Activities, and no Consultant Indemnitee shall be liable to
the Company, any Subsidiary or any of their affiliates for breach of any duty
(contractual or otherwise), including without limitation any fiduciary duties,
by reason of any such activities or of such person’s participation
therein.  In the event that any
Consultant Indemnitee acquires knowledge of a potential transaction or matter
that may be a corporate opportunity for both the Company, any Subsidiary or any
of their affiliates, on the one hand, and any Consultant Indemnitee, on the
other hand, or any other person, no Consultant Indemnitee shall have any duty
(contractual or otherwise), including without limitation any fiduciary duties,
to communicate, present or offer such corporate opportunity to the Company or
such Subsidiary or affiliate and, notwithstanding any provision of this
Agreement to the contrary, shall not be liable to the Company or such
Subsidiary or affiliate for breach of any duty (contractual or otherwise),
including, without limitation any fiduciary duties, by reason of the fact that
any Consultant Indemnitee directly or indirectly pursued or acquired such opportunity
for itself, directed such opportunity to another person, or did not present or
communicate such opportunity to the Company or such Subsidiary or affiliate,
even though such corporate opportunity may be of a character that, if presented
to the Company or such Subsidiary or affiliate, could be taken by the Company
or such Subsidiary or affiliate, as applicable. 
The Company hereby renounces any interest, right, or expectancy in any
such opportunity not offered to it by any Consultant Indemnitee to the fullest
extent permitted by law.

 

20.                                 Intellectual
Property.  The Consultant shall
retain all forms of legal ownership rights and protections in any country of
the world, including all right, title and interest arising under common and
statutory law, in and to all: (a) letters patents, provisional patents,
design patents, patent cooperation treaty filings and other rights to
inventions or designs; (b) trade secret and equivalent rights in
confidential or proprietary information and know-how; (c) copyrights, mask
works, moral rights or other literary property or authors’ rights; (d) rights
regarding trade

 

7

 

names, logos, domain
names, URLs, trademarks, service marks and other proprietary indicia or
addresses and all goodwill associated therewith; (e) any similar,
corresponding or equivalent rights relating to intangible intellectual
property; and (f) all applications, registrations, issuances, divisions,
continuations, renewals, reissuances and extensions of the foregoing, in each
of the clauses (a) through (f) above and to any
work product or deliverables created for, or provided to, the Company or any
Subsidiary under this Agreement or otherwise developed in connection with the
services provided hereunder (collectively, the “Consultant Owned Materials”);
provided, that the Consultant Owned Materials shall not include any of
the foregoing to the extent created exclusively for, and provided exclusively
to, the Company or any Subsidiary under the Agreement (collectively, the “Company
Owned Materials”).  The Consultant
hereby assigns to the Company, without further consideration, all of its
rights, title and interest in any and all Company Owned Materials.  The Consultant has no obligation to provide
any Consultant Owned Materials to the Company or any Subsidiary, but if the
Consultant does so provide any Consultant Owned Materials to the Company or any
Subsidiary, then the Consultant hereby grants to the Company and any such
Subsidiary, a revocable, non-transferable and non-sublicensable, worldwide
royalty-free, nonexclusive license to copy, use and distribute such Consultant
Owned Materials.

 

21.                                 Interpretation.  The headings contained in this Agreement are
for reference purposes only and are not part of this Agreement.  Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed followed by the words “without
limitation.”  No rule of
construction against the draftsperson shall be applied in connection with the
interpretation or enforcement of this Agreement, as this Agreement is the
product of negotiation between sophisticated parties advised by counsel.

 

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INTENTIONALLY LEFT BLANK]

 

8

 

IN WITNESS WHEREOF, the Parties have executed this
Consulting Agreement as of the date first written above.

 

 

	
   

  	
  SUN CAPITAL
  PARTNERS

  MANAGEMENT V, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
        /s/ Michael J. McConvery

  
	
   

  	
  Name:

  	
  Michael J.
  McConvery

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ACCURIDE
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
        /s/ David K. Armstrong

  
	
   

  	
  Name:

  	
  David K.
  Armstrong

  
	
   

  	
  Title:

  	
  Senior Vice
  President/Chief

  
	
   

  	
   

  	
  Financial Officer

  

 

Signature
Page to Consulting Agreement

 

 

In consideration of the Consultant’s execution and
delivery of this Agreement and its agreement to perform the transactions
contemplated hereby, and as a material inducement to such execution, delivery
and performance, each of the undersigned hereby jointly and severally
guarantees any payments owed by the Company to the Consultant pursuant to this
Agreement.  Each of the undersigned
agrees that no formal change, amendment, modification or waiver of any terms or
conditions hereof, no extension in whole or in part of the time for the
performance by the Consultant of any of its obligations hereunder, and no
settlement, compromise, release, surrender, modification or impairment of, or
exercise or failure to exercise any claim, right or remedy of any kind or
nature in connection herewith, shall affect, impair or discharge, in whole or
in part, the liability of the undersigned for the full, prompt and
unconditional performance of the obligations of the Company under this
Agreement.  The obligations of the
undersigned hereunder are absolute and unconditional, irrespective of any
circumstance which might otherwise constitute a legal or equitable discharge of
a surety or guarantor.  The liability of
the undersigned shall be direct and not conditional or contingent on the
pursuit of remedies against the Company. 
The Consultant may, at its option, proceed in the first instance against
the undersigned to collect any amount owed hereunder without first proceeding
against the Company.  The guarantee of
the undersigned shall be a continuing guarantee, and the above consent and
waiver of the undersigned shall remain in full force and effect until the
obligations of the Company hereunder are discharged and paid in full.  Each of the undersigned agrees to pay all
costs, fees and expenses (including reasonable attorneys’ fees and all
disbursements) incurred by the Consultant in collecting or enforcing the
undersigned’s obligations hereunder.

 

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LEFT BLANK; SIGNATURE PAGE TO FOLLOW]

 

 

	
  ACCURIDE CUYAHOGA
  FALLS, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ACCURIDE ERIE, L.P.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   AKW General Partner LLC,

  	
   

  
	
   

  	
  As
  General Partner

  	
   

  
	
  By:

  	
   Accuride Corporation, as Member

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Senior Vice
  President/Chief

  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ACCURIDE HENDERSON
  LIMITED

  LIABILITY COMPANY

  	
   

  
	
   

  	
   

  
	
  By: Accuride
  Corporation, as Member

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Senior Vice
  President/Chief

  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AKW GENERAL PARTNER,
  L.L.C.

  	
   

  
	
   

  	
   

  
	
  By: Accuride
  Corporation, as Member

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Senior Vice
  President/Chief

  Financial Officer

  	
   

  

 

Signature
Page to Consulting Agreement Guaranty

 

 

	
  AOT, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TRANSPORTATION
  TECHNOLOGIES,

  INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ACCURIDE EMI, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ William M. Lasky

  	
   

  
	
  Name:

  	
  William
  M. Lasky

  	
   

  
	
  Title:

  	
  Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ David K. Armstrong

  	
   

  
	
  Name:

  	
  David
  K. Armstrong

  	
   

  
	
  Title:

  	
  Manager

  	
   

  

 

Signature
Page to Consulting Agreement Guaranty

 

 

Schedule 1(a)

 

Services

 

The
Parties currently contemplate that the Services may include advice regarding
improvements to the Company’s and/or the Subsidiaries’ financial results,
financial reporting, accounting and management information systems.Exhibit 10.4

 

ACCURIDE CORPORATION

 

INDEMNIFICATION AGREEMENT

 

This Indemnification Agreement (the “Agreement”) is made as of                           
by and among Accuride Corporation, a Delaware corporation (the “Company”)
and                       (the
“Indemnitee).

 

RECITALS

 

The Company desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, and to indemnify its directors,
officers and key employees so as to provide them with the maximum protection
permitted by law.

 

The Bylaws of the Company (the “Bylaws”) require indemnification
of the officers and directors of the Company, and Indemnitee may also be
entitled to indemnification pursuant to the General Corporation Law of the
State of Delaware (the “DGCL”).

 

The Bylaws and the DGCL expressly provide that the indemnification
provisions set forth therein are not exclusive, and thereby contemplate that
contracts may be entered into between the Company and members of the board of
directors, officers and other persons with respect to indemnification.

 

The Company and Indemnitee recognize the increasing difficulty in
obtaining liability insurance for directors, officers and key employees, the
significant increases in the cost of such insurance and the general reductions
in the coverage of such insurance.

 

The Company and Indemnitee further recognize the substantial increase
in corporate litigation in general, subjecting directors, officers and key
employees to expensive litigation risks at the same time as the availability
and coverage of liability insurance has been severely limited.

 

Indemnitee does not regard the protection currently provided by
applicable law, the Company’s governing documents and available insurance as
adequate under the present circumstances, and Indemnitee and agents of the
Company may not be willing to serve as agents of the Company without additional
protection.

 

The Board of Directors of the Company (the “Board”) has
determined that the increased difficulty in attracting and retaining highly
qualified persons such as Indemnitee is detrimental to the best interests of
the Company’s stockholders and that the Company should act to assure Indemnitee
that there will be increased certainty of such protection in the future.

 

It is reasonable, prudent and necessary for the Company contractually
to obligate itself to indemnify, and to advance expenses on behalf of, such
persons to the fullest extent permitted by applicable law, regardless of any
amendment or revocation of the Company’s Certificate of Incorporation (the “Charter”)
or Bylaws, so that they will serve or continue to serve the Company free from
undue concern that they will not be so indemnified.

 

 

This Agreement is supplemental to and in furtherance of the
indemnification provided in the Bylaws and any resolutions adopted pursuant
thereto, and shall not be deemed a substitute therefor, nor to diminish or
abrograte any rights of Indemnitee thereunder.

 

Indemnitee has certain rights to indemnification and/or insurance
provided by Sun (as defined herein), which the Company and Indemnitee intend to
be secondary to the primary obligation of the Company to indemnify Indemnitee
as provided herein, with the Company’s acknowledgement and agreement to the
foregoing being a material condition to Indemnitee’s willingness to serve on
the Board.

 

AGREEMENT

 

In consideration of the mutual promises made in this Agreement, and for
other good and valuable consideration, receipt of which is hereby acknowledged,
the Company and Indemnitee hereby agree as follows:

 

1.                                      Indemnification.

 

(a)                                  Third Party Proceedings. The Company
shall indemnify Indemnitee if Indemnitee is or was a party or is threatened to
be made a party to any threatened, pending or completed action, suit,
arbitration, alternate dispute resolution mechanism, investigation, inquiry,
administrative hearing or any other actual, threatened or completed proceeding,
whether civil, criminal, administrative or investigative, by reason of the fact
that Indemnitee is or was a director, officer, employee or agent of the
Company, or any subsidiary of the Company, by reason of any action or inaction
on the part of Indemnitee while an officer or director or by reason of the fact
that Indemnitee is or was serving at the request of the Company as a director,
officer, employee, agent or trustee of another corporation, partnership, joint
venture, trust or other enterprise, in each case whether or not serving in such
capacity at the time any liability or expense is incurred for which
indemnification, reimbursement or advancement of expenses can be provided under
this Agreement (any of the foregoing, a “Proceeding”), other than a
Proceeding by or in the right of the Company, against all expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement (if such
settlement is approved in advance by the Company, which approval shall not be
unreasonably withheld) actually and reasonably incurred by Indemnitee in
connection with such action, suit or proceeding if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe Indemnitee’s conduct was
unlawful. The termination of any Proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that Indemnitee did not act in good faith and in a
manner which Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company, or, with respect to any criminal action or
proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s
conduct was unlawful.

 

(b)                                 Proceedings By or in the Right of the Company.  The Company shall indemnify Indemnitee if
Indemnitee was or is, or is threatened to be made, a party to or a participant
in any Proceeding by or in right of the Company or any subsidiary of the
Company to procure a judgment in the Company’s favor, against expenses
(including attorneys’ fees) and, to 

 

2

 

the fullest extent
permitted by law, amounts paid in settlement (if such settlement is approved in
advance by the Company, which approval shall not be unreasonably withheld), in
each case to the extent actually and reasonably incurred by Indemnitee in
connection with the defense or settlement of such action or suit if Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in or
not opposed to the best interests of the Company and its stockholders, except
that no indemnification shall have been made in respect of any claim, issue or
matter as to which Indemnitee shall have been finally adjudicated by court
order or judgment to be liable to the Company in the performance of Indemnitee’s
duty to the Company and its stockholders unless and only to the extent that the
court in which such action or proceeding is or was pending shall determine upon
application that, in view of all the circumstances of the case, Indemnitee is
fairly and reasonably entitled to indemnity for such expenses which such court
shall deem proper.

 

(c)                                  Mandatory Payment of Expenses.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee has been successful on the merits or
otherwise in defense of any Proceeding referred to in Section 1(a) or
Section 1(b) or the defense of any claim, issue or matter
therein, Indemnitee shall be indemnified to the maximum extent permitted by
law, as such may be amended from time to time, against all expenses (including
attorneys’ fees) actually and reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection therewith. 
If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all expenses (including attorney’s fees) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
each successfully resolved claim, issue or matter.  For purposes of this Section 1(c) and
without limitation, the termination of any claim, issue or matter in such a
Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful
result as to such claim, issue or matter.

 

(d)                                 Indemnification for Expenses of a Witness.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of his status as a
current or former director, officer, employee, agent or trustee of the Company
or of any other enterprise which Indemnitee is or was serving at the request of
the Company, a witness in any Proceeding to which Indemnitee is not a party and
is not threatened to be made a party, he shall be indemnified against all
expenses actually and reasonably incurred by him or on his behalf in connection
therewith.

 

2.                                      Contribution.

 

(a)                                  Whether
or not the indemnification provided in Section 1 above is
available, in respect of any Proceeding in which the Company is jointly liable
with Indemnitee (or would be if joined in such Proceeding), the Company shall
pay, in the first instance, the entire amount of any judgment or settlement of
such Proceeding without requiring Indemnitee to contribute to such payment and
the Company hereby waives and relinquishes any right of contribution it may
have against Indemnitee.  The Company
shall not enter into any settlement of any Proceeding in which the Company is
jointly liable with Indemnitee (or would be if joined in such Proceeding)
unless such settlement provides for a full and final release of all claims
asserted against Indemnitee.

 

3

 

(b)                                 Without
diminishing or impairing the obligations of the Company set forth in Section 2(a) above,
if, for any reason, Indemnitee shall elect or be required to pay all or any
portion of any judgment or settlement in any Proceeding in which the Company is
jointly liable with Indemnitee (or would be if joined in such Proceeding), the
Company shall contribute to the amount of expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement actually and reasonably
incurred and paid or payable by Indemnitee in proportion to the relative
benefits received by the Company and all officers, directors or employees of
the Company, other than Indemnitee, who are jointly liable with Indemnitee (or
would be if joined in such Proceeding), on the one hand, and Indemnitee, on the
other hand, from the transaction from which such Proceeding arose; provided,
however, that the proportion determined on the basis of relative benefit may,
to the extent necessary to conform to law, be further adjusted by reference to
the relative fault of the Company and all officers, directors or employees of
the Company other than Indemnitee who are jointly liable with Indemnitee (or
would be if joined in such Proceeding), on the one hand, and Indemnitee, on the
other hand, in connection with the events that resulted in such expenses,
judgments, fines or settlement amounts, as well as any other equitable
considerations which the law may require to be considered.  The relative fault of the Company and all
officers, directors or employees of the Company, other than Indemnitee, who are
jointly liable with Indemnitee (or would be if joined in such Proceeding), on
the one hand, and Indemnitee, on the other hand, shall be determined by
reference to, among other things, the degree to which their actions were
motivated by intent to gain personal profit or advantage, the degree to which
their liability is primary or secondary and the degree to which their conduct
is active or passive.

 

(c)                                  The
Company hereby agrees to fully indemnify and hold Indemnitee harmless from any
claims of contribution which may be brought by officers, directors or employees
of the Company, other than Indemnitee, who are jointly liable with Indemnitee.

 

(d)                                 To
the fullest extent permissible under applicable law, if the indemnification
provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute
to the amount incurred by Indemnitee, whether for judgments, fines, penalties,
excise taxes, amounts paid or to be paid in settlement and/or for expenses
(including attorneys’ fees), in connection with any claim relating to an
indemnifiable event under this Agreement, in such proportion as is deemed fair
and reasonable in light of all of the circumstances of such Proceeding in order
to reflect (i) the relative benefits received by the Company and
Indemnitee as a result of the event(s) and/or transaction(s) giving
cause to such Proceeding; and/or (ii) the relative fault of the Company
(and its directors, officers, employees and agents) and Indemnitee in
connection with such event(s) and/or transaction(s).

 

3.                                      No
Employment Rights.  Nothing
contained in this Agreement is intended to create in Indemnitee any right to
continued employment.  The foregoing
nothwithstanding, this Agreement shall continue in force after Indemnitee has
ceased to serve as a director, officer, employee or agent of the Company.

 

4

 

4.                                      Expenses;
Indemnification Procedure.

 

(a)                                  Advancement of Expenses. The Company
shall advance all expenses incurred by Indemnitee in connection with the
investigation, defense, settlement or appeal of any Proceeding referred to in Section 1
hereof (including amounts actually paid in settlement of any such
Proceeding).  Advances shall be unsecured
and interest free.  Advances shall be
made without regard to Indemnitee’s ability to repay the expenses and without
regard to Indemnitee’s ultimate entitlement to indemnification under the other
provisions of this Agreement.  Indemnitee
shall qualify for advances upon the execution and deliver to the Company of
this Agreement and Indemnitee hereby undertakes to the fullest extent required
by law to repay such amounts advanced only if, and to the extent that, it shall
ultimately be determined by a court of competent jurisdiction in a final
judgment, not subject to appeal, that Indemnitee is not entitled to be
indemnified by the Company as authorized hereby.  The right to advances under this paragraph
shall in all events continue until final disposition of any Proceeding,
including any appeal therein.  Nothing in
this Section 4(a) shall limit Indemnitee’s right to
advancement of Enforcement Expenses pursuant to Section 4(c).

 

(b)                                 Notice/Cooperation by Indemnitee.  Indemnitee shall give the Company notice in
writing as soon as practicable of any claim made against Indemnitee for which
indemnification will or could be sought under this Agreement.  Failure of the Indemnitee to give the Company
notice of any claim made against Indemnitee for which indemnification will or
could be sought under this Agreement shall not prevent Indemnitee from
obtaining indemnification and advancement of expenses hereunder, except to the
extent (and only to the extent) failure to give such notice has increased the
damages to the Company hereunder.  Notice
to the Company shall be directed to the Chief Executive Officer of the Company
and shall be given in accordance with the provisions of Section 14(d) below.
In addition, Indemnitee shall give the Company such information and cooperation
as it may reasonably require and as shall reasonably be within Indemnitee’s
power.

 

(c)                                  Procedure.  Any indemnification and advances provided for
in this Agreement shall be made no later than twenty (20) days after receipt of
the written request of Indemnitee.  If a
claim under this Agreement, under any statute, or under any provision of the
Charter or Bylaws providing for indemnification, is not paid in full by the
Company within twenty (20) days after a written request for payment thereof has
first been received by the Company, Indemnitee may, but need not, at any time
thereafter bring an action against the Company to recover the unpaid amount of
the claim and, subject to Section 12 of this Agreement, Indemnitee
shall also be entitled to be paid for the expenses (including attorneys’ fees)
of bringing such action (such expenses, “Enforcement Expenses”),
regardless of whether Indemnitee is ultimately determined to be entitled to
such indemnification or advances.  In any
judicial proceeding or arbitration commenced pursuant to this Section 4(c),
the Company shall have the burden of proving Indemnitee is not entitled to
indemnification or advancement, as the case may be.  The Company shall be precluded from asserting
in any judicial proceeding or arbitration commenced pursuant to this Section 4(c) that
the procedures and presumptions of this Agreement are not valid, binding and
enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.  It shall be a defense to any such action
(other than an action brought to enforce a claim for expenses incurred in
connection with any action, suit or proceeding in advance of its final
disposition) that 

 

5

 

Indemnitee has not
met the standards of conduct which make it permissable under applicable law for
the Company to indemnify Indemnitee for the amount claimed, but the burden of
proving such defense shall be on the Company and Indemnitee shall be entitled
to receive interim payments of expenses pursuant to Section 4(a) unless
and until such defense may be finally adjudicated by court order or judgment
from which no further right of appeal exists. 
It is the parties’ intention that if the Company contests Indemnitee’s
right to indemnification, the question of Indemnitee’s right to indemnification
shall be for the court to decide, and neither the failure of the Company
(including the Board, any committee or subgroup of the Board, independent legal
counsel, or its stockholders) to have made a determination that indemnification
of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct required by applicable law, nor an actual
determination by the Company (including the Board, any committee or subgroup of
the Board, independent legal counsel, or its stockholders) that Indemnitee has
not met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct.

 

(d)                                 Notice to Insurers.  To the extent that the Company maintains an
insurance policy or policies providing liability insurance for directors,
officers, employees, agents or trustees of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the
maximum extent of the coverage available for any such director, officer,
employee, agent or trustee under such policy or policies.  If, at the time of the receipt of a notice of
a claim pursuant to Section 4(b) hereof, the Company has
director and officer liability insurance in effect, the Company shall give
prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The
Company shall thereafter take all necessary or desirable action to cause such
insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
of such proceeding in accordance with the terms of such policies.

 

(e)                                  Selection of Counsel.  In the event the Company shall be obligated
under Section 4(a) hereof to pay the expenses of any
Proceeding against Indemnitee, the Company, if appropriate, shall be entitled
to assume the defense of such Proceeding, with counsel approved by Indemnitee,
which approval shall not be unreasonably withheld, upon the delivery to
Indemnitee of written notice of its election so to do. After delivery of such
notice, approval of such counsel by Indemnitee and the retention of such
counsel by the Company, the Company will not be liable to Indemnitee under this
Agreement for any fees of counsel subsequently incurred by Indemnitee with
respect to the same Proceeding, provided that (i) Indemnitee shall
have the right to employ counsel in any such proceeding at Indemnitee’s
expense; and (ii) if (A) the employment of counsel by Indemnitee has
been previously authorized by the Company, (B) Indemnitee shall have
reasonably concluded that there may be a conflict of interest between the
Company and Indemnitee in the conduct of any such defense or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such
proceeding then the fees and expenses of Indemnitee’s counsel shall be at the
expense of the Company.

 

5.                                      Additional
Indemnification Rights: Nonexclusivitv.

 

(a)                                  Scope. 
Notwithstanding any other provision of his Agreement, the Company hereby
agrees to indemnify the Indemnitee to the fullest extent permitted by law,
notwithstanding that such indemnification is not specifically authorized by the
other provisions 

 

6

 

of this Agreement,
the Charter, the Bylaws or by statute. 
In the event of any change, after the date of this Agreement, in any
applicable law, statute, or rule which expands the right of a Delaware
corporation to indemnify a member of its board of directors or an officer, such
changes shall be deemed to be within the purview of Indemnitee’s rights and the
Company’s obligations under this Agreement. 
In the event of any change in any applicable law, statute or rule which
narrows the right of a Delaware corporation to indemnify a member of its board
of directors or an officer, such changes, to the extent not otherwise required
by such law, statute or rule to be applied to this Agreement shall have no
effect on this Agreement or the parties’ rights and obligations hereunder.

 

(b)                                 Nonexclusivitv.  The indemnification provided by this
Agreement shall not be deemed exclusive of any rights to which Indemnitee may
be entitled under the Charter, the Bylaws, any agreement, any vote of stockholders
or disinterested members of the Board, the DGCL, or otherwise, both as to
action in Indemnitee’s official capacity and as to action in another capacity
while holding such office. The indemnification provided under this Agreement
shall continue as to Indemnitee for any action taken or not taken while serving
in an indemnified capacity even though he or she may have ceased to serve in
any such capacity at the time of any covered Proceeding.

 

6.                                      Partial
Indemnification.  If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of the expenses, judgments, fines or penalties actually or reasonably
incurred in the investigation, defense, appeal or settlement of any Proceeding,
but not, however, for the total amount thereof, the Company shall nevertheless
indemnify Indemnitee for the portion of such expenses, judgments, fines or
penalties to which Indemnitee is entitled.

 

7.                                      Mutual
Acknowledgment.  Both the Company and Indemnitee
acknowledge that in certain instances, Federal law or public policy may
override applicable state law and prohibit the Company from indemnifying its
directors and officers under this Agreement or otherwise.  For example, the Company and Indemnitee
acknowledge that the Securities and Exchange Commission (the “SEC”) has
taken the position that indemnification is not permissible for liabilities
arising under certain federal securities laws, and federal legislation
prohibits indemnification for certain ERISA violations. Indemnitee understands
and acknowledges that the Company has undertaken or may be required in the
future to undertake with the SEC to submit the question of indemnification to a
court in certain circumstances for a determination of the Company’s right under
public policy to indemnify Indemnitee.

 

8.                                      Officer
and Director Liability Insurance.  For
so long as Indemnitee serves on the Board, the Company shall continue in
effect, and take all reasonable action necessary to maintain and provide, “directors
and officers” insurance with coverage levels at least as great as those in
effect immediately prior to the date hereof and covering the Indemnitee; provided,
that the Company may adjust and/or reduce such coverage levels from time to
time with the prior approval of two-thirds (2/3rds) of the directors.  In all policies of director and officer
liability insurance, Indemnnitee shall be named as an insured in such a manner
as to provide Indemnitee the same rights and benefits as are accorded to the
most favorably insured of the Company’s directors, if Indemnitee is a director,
or of the Company’s officers, if Indemnitee 

 

7

 

is not a director of the Company but is an officer, or of the Company’s
key employees, if Indemnitee is not an officer or director but is a key
employee.

 

9.                                      Severability. 
Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement.  Without limiting the
generality of the foregoing, this Agreement is intended to confer upon Indemnitee
indemnification rights to the fullest extent permitted by applicable laws.  The provisions of this Agreement shall be
severable as provided in this Section 9.  If this Agreement or any portion hereof shall
be invalidated on any ground by any court of competent jurisdiction, then (a) such
invalidated provision or provisions shall be deemed reformed to the extent
necessary to conform to applicable law and to give the maximum effect to the
intent of the parties hereto, (b) the Company shall nevertheless indemnify
Indemnitee to give the maximum effect to the intent of the parties hereto, and (c) the
balance of this Agreement not so invalidated shall be enforceable in accordance
with its terms.

 

10.                               Exceptions.  Any other provision herein to the
contrary notwithstanding, the Company shall not be obligated pursuant to the
terms of this Agreement:

 

(a)                                  Claims Initiated by Indemnitee.  To indemnify or advance expenses to
Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to
proceedings brought to establish or enforce a right to indemnification under
this Agreement or any other statute or law or otherwise as required under Section 145
of the DGCL, but such indemnification or advancement of expenses may be provided
by the Company in specific cases if the Board of Directors finds it to be
appropriate;

 

(b)                                 Lack of Good Faith.  To indemnify Indemnitee for any expenses
incurred by Indemnitee with respect to any proceeding instituted by Indemnitee
to enforce or interpret this Agreement, if a court of competent jurisdiction
finally determines that each of the material assertions made by Indemnitee in
such proceeding was not made in good faith or was frivolous;

 

(c)                                  Insured Claims.  To indemnify Indemnitee for expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the
extent such expenses or liabilities have been paid directly to Indemnitee by an
insurance carrier under a policy of officers’ and directors’ liability
insurance maintained by the Company; or

 

(d)                                 Claims under Section 16(b).  To indemnify Indemnitee for expenses or the
payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange
Act of 1934, as amended, or any similar successor statute.

 

11.                               Construction
of Certain Phrases.

 

(a)                                  For
purposes of this Agreement references to the “Company” shall include, in
addition to the resulting corporation, any constituent corporation (including
any 

 

8

 

constituent of a
constituent) absorbed in a consolidation or merger which, if its separate
existence had continued, would have had power and authority to indemnify its
directors, officers, and employee or agents, so that if Indemnitee is or was a
director, officer, employee or agent of such constituent corporation, or is or
was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture;
trust or other enterprise, Indemnitee shall stand in the same position under
the provisions of this Agreement with respect to the resulting or surviving
corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.

 

(b)                                 For
purposes of this Agreement, references to “other enterprises” shall
include employee benefit plans; references to “fines” shall include any
excise taxes assessed on Indemnitee with respect to an employee benefit plan;
and references to “serving at the request of the Company” shall include
any service as a director, officer, employee or agent of the Company which
imposes duties on, or involves services by, such director, officer, employee or
agent with respect to an employee benefit plan, its participants, or
beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan, Indemnitee shall be deemed to have acted in a
manner “not opposed to the best interests of the Company” as referred to
in this Agreement.

 

12.                               Attorneys’
Fees.  In the event that any
action is instituted by Indemnitee under this Agreement to enforce or interpret
any of the terms hereof, Indemnitee shall be entitled to be paid all court
costs and expenses, including reasonable attorneys’ fees, incurred by
Indemnitee with respect to such action, unless as a part of such action, the
court of competent jurisdiction determines that each of the material assertions
made by Indemnitee as a basis for such action were not made in good faith or
were frivolous. In the event of an action instituted by or in the name of the Company
under this Agreement or to enforce or interpret any of the terms of this
Agreement, Indemnitee shall be entitled to be paid all court costs and
expenses, including attorneys’ fees, incurred by Indemnitee in defense of such
action (including with respect to Indemnitee’s counterclaims and cross-claims
made in such action), unless as apart of such action the court determines that
each of Indemnitee’s material defenses to such action were made in bad faith or
were frivolous.

 

13.                                 Representations and Warranties of the Company.  The Company hereby represents and
warrants to Indemnitee as follows:

 

(a)                                  Authority.  The Company has all necessary power and
authority to enter into, and be bound by the terms of, this Agreement, and the
execution, delivery and performance of the undertakings contemplated by this
Agreement have been duly authorized by the Company.

 

(b)                                 Enforceability.  This Agreement, when executed and delivered
by the Company in accordance with the provisions hereof, shall be a legally
valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally or by general principles of equity.

 

9

 

14.                               Miscellaneous.

 

(a)                                  Governing Law. This Agreement and all
acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with
the laws of the State of Delaware, without giving effect to principles of
conflict of law.

 

(b)                                 Entire Agreement; Enforcement of Rights.  This Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter
herein and merges all prior discussions between them. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement,
shall be effective unless in writing signed by the parties to this Agreement.
The failure by either party to enforce any rights under this Agreement shall
not be construed as a waiver of any rights of such party.

 

(c)                                  Construction.  This Agreement is the result of negotiations
between and has been reviewed by each of the parties hereto and their
respective counsel, if any; accordingly, this Agreement shall be deemed to be
the product of all of the parties hereto, and no ambiguity shall be construed
in favor of or against any one of the parties hereto.

 

(d)                                 Notices.  Any notice, demand or request required or
permitted to be given under this Agreement shall be in writing and shall be
deemed sufficient when delivered personally or sent by telegram or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered
mail, with postage prepaid, and addressed to the party to be notified at such
party’s address as set forth below or as subsequently modified by written
notice.

 

(e)                                  Counterparts and Facsimile. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original and all of which together shall constitute one
instrument.  Executed signature pages to
this Agreement may be delivered by electronic facsimile (including via
electronic mail) and such facsimiles will be deemed as sufficient as if actual
signature pages had been delivered.

 

(f)                                    Successors and Assigns.  This Agreement shall be binding upon the
Company and its successors and assigns, and inure to the benefit of Indemnitee
and Indemnitee’s heirs, legal representatives and assigns.

 

(g)                                 Subrogation.

 

(1)                                  The
Company hereby acknowledges that Indemnitee has certain rights to advancement,
indemnification and/or insurance by Sun Capital Partners V, L.P., a Cayman
Islands exempted limited partnership, Sun Capital Advisors V, L.P., a Cayman
Islands exempted limited partnership, Sun Capital Partners V, Ltd., a Cayman
Islands exempted company, Sun Capital Securities Fund, LP, a Delaware limited
partnership, Sun Capital Securities Advisors, LP, a Delaware limited partnership,
Sun Capital Securities, LLC, a Delaware limited liability company, Sun Capital
Securities Offshore Fund, Ltd., a Cayman Islands exempted company, Sun Capital
Securities Management, LLC, a Delaware limited liability company, Sun Capital
Master Securities Fund III, L.P., a Caymans Islands exempted limited
partnership, Sun Capital Securities Fund III, LP, a Delaware limited
partnership, Sun Capital Securities Advisors III, L.P., a Cayman Islands
exempted limited partnership, Sun 

 

10

 

Capital Securities
III, Ltd., a Cayman Islands exempted company, Sun Capital Securities Management
III, LP, a Delaware limited partnership, and Sun Capital Securities III, LLC, a
Delaware limited liability company (collectively, “Sun”) and certain of
its affiliates (collectively, the “Fund Indemnitors”).  The Company and Indemnitee hereby agree that
the Company is the indemnitor of first resort (i.e., its obligations to
Indemnitee are primary and those of the Fund Indemnitors are secondary), that
the Company shall be liable for the full amount of payments of advancement and
indemnification required by this Agreement and that the Company irrevocably and
unconditionally waives any claims against the Fund Indemnitors for contribution,
subrogration or any other recovery of any kind for which the Company is liable
pursuant to this Agreement.  The Company
further agrees that no payment for advancement or indemnification by the Fund
Indemnitors on behalf of Indemnitee with respect to any claim for which
Indemnitee has sought payment from the Company shall affect the foregoing, and
the Fund Indemnitors, to the extent of such payment, shall have a right (at its
sole election) of contribution and/or be subrogated to all of the rights of recovery
of Indemnitee against the Company.

 

(2)                                  Except
as provided in Section 14(g)(1) above, in the event of
advancement or indemnification under this Agreement, the Company, to the extent
of such payment, shall be subrogated to all of the rights of contribution or
recovery of Indemnitee against other persons (other than the Fund Indemnitors),
and Indemnitee shall take, at the request of the Company, all reasonable action
necessary to secure such rights, including the execution of such documents as
are necessary to enable the Company to effectively bring suit to enforce such
rights.

 

(h)                                 Third-Party Beneficiaries.  Each of the Fund Indemnitors shall be
considered an express third-party beneficiary hereunder and shall enjoy all
rights, including the rights set forth in Section 14(g) above,
that a party hereunder enjoys and shall enjoy such rights to the same extent as
a party hereunder.

 

[Signature Page Follows]

 

11

 

The parties hereto have executed this Agreement as of the day and year
set forth on the first page of this Agreement.

 

	
   

  	
   

  	
  ACCURIDE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  	
  7140 Office Circle

  
	
   

  	
   

  	
   

  	
  Evansville, IN 47715

  
	
   

  	
   

  	
   

  
	
  AGREED TO AND ACCEPTED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

Signature Page to Indemnification
Agreement

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