Document:

exv10w3

Exhibit 10.3

SPECIAL TERMINATION AGREEMENT

     THIS SPECIAL TERMINATION AGREEMENT (the “Agreement”) is made as of the 13th day of
March, 2008, between BearingPoint, Inc., a Delaware corporation (the “Company”), and David Hunter
(the Executive”) (collectively referred to as the “parties”).

     WHEREAS, the Executive will develop an intimate knowledge of the business and affairs of the
Company, its policies, methods, personnel and plans for the future and has contacts of considerable
value to the Company; and

     WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the Executive’s
contribution to the success of the Company will be substantial and wishes to offer an inducement to
the Executive to enter into and remain in the employ of the Company;

     NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements of the parties herein contained, the parties agree as follows:

     1. Term. The term of this Agreement (the “Term”) shall continue until the earlier of:
(i) the expiration of the third anniversary of this Agreement (or if a Change in Control occurs
during the Term, the second anniversary of the occurrence of a Change in Control), (ii) the
Executive’s death, (iii) the Executive’s earlier voluntary termination (except for a termination as
a result of any of the events described in Section 3(a)(ii)) or a Summary Termination of
Executive’s employment by the Company or due to a Disability (as defined in your Managing Director
Agreement) or (iv) the date of any other termination of the Executive’s employment prior to a
Change in Control; provided, however, that on each expiration date of this Agreement, the
Agreement, Term and periods referenced in Section 3 shall automatically be extended for an
additional year unless, not later than 90 calendar days prior to such expiration date, the Company
shall have given written notice to the Executive that it does not wish to have the Term extended.

     2. Definitions.

          (a) Acquiring Person: An “Acquiring Person” shall mean any person (as defined in
Section 2(d)(iv)) that, together with all Affiliates and Associates of such person (as defined in
Section 2(b)), is the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of 20% or
more of the outstanding common stock, par value $.01 per share, of the Company or such other
securities that may cast a vote for the election of directors of the Company (“Common Stock”). The
term “Acquiring Person” shall not include; (i) the Company, (ii) any subsidiary of the Company,
(iii) any employee benefit plan of the Company or any subsidiary of the Company or any person
holding Common Stock for or pursuant to the terms of any such plan, (iv) any entity owned, directly
or indirectly, by the stockholders of the Company in substantially the same proportions as their
ownership of Common Stock of the Company, or (v) any surviving entity described in Section
2(d)(i)(A) below. For the purposes of this Agreement,

 

 

a person who becomes an Acquiring Person by
acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of
this Agreement shall continue to be an
Acquiring Person whether or not such person continues to be the beneficial owner of 20% or
more of the outstanding Common Stock.

          (b) Affiliate and Associate. “Affiliate” and “Associate” shall have the respective
meanings ascribed to such terms in Rule 12b-2 under the Exchange Act, in effect on the date of this
Agreement.

          (c) Summary Termination. “Summary Termination” shall have the meaning ascribed to it
in your Managing Director Agreement.

          (d) Change in Control. A “Change in Control” of the Company shall have occurred if at
any time during the Term of this Agreement any of the following events shall have been consummated:

          (i) any consolidation, merger or other reorganization of the Company in which the
Company is merged, consolidated or reorganized into or with another corporation or other
legal person or pursuant to which shares of the Company’s stock are converted into cash,
securities or other property, other than (A) a consolidation, merger or other reorganization
of the Company in which the holders of the Company’s Common Stock immediately prior to the
merger own more than 50.1 % of the common stock (or such other securities that may cast a
vote for the election of directors of the entity) of the surviving entity or its ultimate
parent immediately after the merger or (B) a consolidation, merger or reorganization of the
Company as a result of which no person (as defined in Section 2(d)(iv)) becomes an Acquiring
Person;

          (ii) any sale, lease, exchange or other transfer (in one transaction or a series of
related transactions) of all or substantially all of the assets of the Company, and as a
result of such transaction the holders of the Company’s Common Stock immediately prior
thereto own less than 50.1 % of the common stock (or such other securities that may cast a
vote for the election of directors of the entity) of such transferee or its ultimate parent
immediately after such transaction;

          (iii) any liquidation or dissolution of the Company or any approval by the stockholders
of the Company of any plan or proposal for the liquidation or dissolution of the Company;

          (iv) any person (including any “person” as such term is used in Section 13(d)(3) or
Section 14(d)(2) of the Exchange Act) has become an Acquiring Person;

          (v) if at any time the Continuing Directors then serving on the Board cease for any
reason to constitute at least a majority thereof; or

          (vi) any occurrence that would be required to be reported in response to Item 6( e) of
Schedule 14A of Regulation 14A under the Exchange Act, or any successor rule or regulation.

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provided, however, that a Change in Control of the Company shall not be deemed to have occurred as
the result of any transaction having one or more of the effects specified in clauses
(i)-(vi) above if such transaction is proposed by, and includes a significant equity participation
(i.e., an aggregate of at least 25% of the outstanding common equity securities of the Company
immediately after such transaction which are entitled to vote to elect any class of Directors) of,
the executive officers of the Company as constituted immediately prior to the occurrence of such
transaction or any Company employee stock ownership plan or pension plan.

          (e) Code. The “Code” shall mean the Internal Revenue Code of 1986, as amended.

          (f) Continuing Director. A “Continuing Director” shall mean a director serving on the
Board who (i) is not an Acquiring Person, an Affiliate or Associate of an Acquiring Person, a
representative of an Acquiring Person or a person who was nominated for election by an Acquiring
Person, and (ii) was either a member of the Board on the date of this Agreement or subsequently
became a Director of the Company and whose initial election or initial nomination for election by
the Company’s stockholders was approved by at least two-thirds of the Continuing Directors then on
the Board but shall not include, in any event, any individual whose initial assumption of office
occurs as a result of either an actual or threatened election or other action or threatened
solicitation of proxies or consents by or on behalf of a person other than the Board.

          (g) Exchange Act. “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended.

          (h) Severance Compensation. The “Severance Compensation” shall be a lump sum amount
equal to $1,500,000.00 USD.

          (i) Term. The “Term” shall have the meaning specified in Section 1.

          (j) Termination Date. The “Termination Date” shall be the date upon which the
Executive or the Company terminates the employment of the Executive.

     3. Rights of Executive Following a Change in Control.

          (a) The Company shall provide the Executive, within 10 business days following the applicable
Termination Date, Severance Compensation in lieu of compensation to the Executive for periods
subsequent to the Termination Date, but without affecting any other rights of the Executive at law
or in equity, if any of the following events occur:

          (i) the Company terminates the Executive’s employment within two years after a Change
in Control that occurs during the Term, other than for either of the following reasons:

          (A) the Executive becomes permanently disabled and is unable to work for a
period of 180 consecutive days (a “Disability”); or

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          (B) Summary Termination;

          (ii) the Executive terminates his employment during the Term, but after a Change in
Control, by providing written notice to the Company (which shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in reasonable detail
the facts and circumstances claimed to provide a basis for such termination) within sixty
(60) days after the Executive’s base salary is decreased by twenty (20) percent or more
within two years after a Change in Control that occurs during the Term.

          (b) Continued Benefits. If any of the events specified in Sections 3(a)(i) or (ii)
occurs and Executive is entitled to Severance Compensation, then until the earlier of the second
anniversary of the Termination Date or the date on which the Executive becomes employed by a new
employer, the Company shall, at its expense, provide the Executive with medical, dental, life
insurance, disability, accidental death and dismemberment benefits and other welfare benefits
(“Insurance Benefits”) at the highest level provided to the Executive immediately prior to the
Change in Control, provided, however, that if the Executive becomes employed by a new employer
which maintains Insurance Benefits that either (i) do not cover the Executive with respect to a
pre-existing condition which was covered under the Company’s Insurance Benefits, or (ii) do not
cover the Executive for a designated waiting period, the Executive’s coverage under the Company’s
Insurance Benefits shall continue, without limitation, until the earlier of the end of the
applicable period of non coverage under the new employer’s Insurance Benefits or the second
anniversary of the Termination Date.

          (c) Outplacement Counseling. If any of the events specified in Sections 3(a)(i) or
(ii) occur and Executive is entitled to Severance Compensation, the Company shall reimburse all
reasonable expenses incurred by the Executive over the one year period following the Termination
Date for professional outplacement services by qualified consultants selected by the Executive, in
an amount not to exceed $50,000.

          (d) Payment of Earned But Unpaid Amounts. Within 10 business days after any of the
events specified in Sections 3(a)(i) or (ii) has occurred, the Company shall pay the Executive any
earned but unpaid portion of his salary, bonus or incentive compensation or other compensation.

          (e) Other Rights and Benefits. The payment of Severance Compensation by the Company
to the Executive shall not affect any other rights and benefits of the Executive provided by the
Company, prior to the Termination Date, which rights shall be governed by the terms of the
agreements governing such rights or benefits.

          (f) No Set-Off or Counterclaim. Except as otherwise specifically provided herein, the
Company shall have no right of set-off or counterclaim in respect of any claim, debt or obligation
against any payment or benefit to or for the benefit of the Executive provided for in this
Agreement.

          (g) Interest on Payments. Without limiting the rights of the Executive at law or in
equity, if the Company fails to make any payment required to be made hereunder on a

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timely basis,
the Company shall pay interest on the amount thereof on demand at an annualized rate of interest
equal to the Prime Rate as reported in the Money Rates section of The Wall Street
Journal (or in the successor to such section or, if there is no such successor section, the
most comparable Prime Rate), compounded daily (but in no event shall such interest exceed the
highest lawful rate).

          (h) Vesting of Stock Awards. If any of the events specified in Sections 3(a)(i) or
(ii) occur and the Executive is entitled to Severance Compensation hereunder then on the
Termination Date, all stock option grants, awards of restricted stock or restricted stock units,
and all other forms of stock awards previously granted to the Executive shall vest immediately and
be nonforfeitable.

          (i) Code Section 409A. If the Company determines in good faith that any payment
hereunder would cause a violation of Code Section 409A if paid within the first six (6) months
after termination of Executive’s employment, such amount(s) shall not be paid during such six (6)
month period but shall instead be paid in a lump sum (without interest) immediately after the end
of such six (6) month period and such payment shall be considered to be made on a timely basis for
purposes of this Agreement. In the event that continuation of any benefit would in the good faith
judgment of the Company cause a violation of Code Section 409A if provided at Company cost during
the first six (6) months after the Termination Date, if Executive desires such benefit
continuation, he shall pay to the Company the full cost therefor during such six (6) month period
and the Company shall reimburse him for such cost (without interest) in a lump sum payment
immediately after or end of such six (6) month period.

     4. Gross-up.

          (a) If it is determined that any payment, benefit or distribution (or combination thereof) by
the Company, or by any trust established by the Company for the benefit of its employees or by a
person whose actions result in a change of ownership or effective control covered by Section
280G(b)(2) or any person affiliated with the Company or such person, to or for the benefit of the
Executive (whether payable pursuant to the terms of this Agreement or otherwise (a “Payment”))
would be subject to the excise tax imposed by Section 4999 of the Code, or any successor provision,
and any interest or penalties are incurred by the Executive with respect to such excise tax (the
excise tax, together with interest and penalties thereon, hereinafter collectively referred to as
the “Excise Tax”), the Executive shall be entitled to receive an additional payment (a “Gross-up
Payment”) in an amount such that after payment by the Executive of all taxes, including, without
limitation, any income taxes and the Excise Tax imposed upon the Gross-up Payment (and any interest
or penalties), the Executive shall retain an amount of the Gross-up Payment equal to the sum of (i)
the amount of the Excise Tax imposed upon the Payment or the Gross-up Payment and (ii) without
duplication, an amount equal to the product of (1) any deductions disallowed for federal, state or
local income tax purposes because of the inclusion of the Gross-up Payment in the Executive’s
adjusted gross income, and (2) the highest applicable marginal rate of federal, state or local
income taxation, respectively, for the calendar year in which the Gross-up Payment is made or is to
be made. The intent of this Section 4 is that the Executive, after paying his federal, state and
local income taxes and payroll taxes, will be in the same position as if he was not subject to the
Excise Tax and did not receive the extra amounts pursuant to this Section 4. Notwithstanding the
foregoing provisions of this

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Section 4(a), if it shall be determined that the Executive would
otherwise be entitled to a Gross-up Payment, but that the Payments do not exceed one hundred ten
percent (110%) of the greatest
amount (the “Reduced Amount”) that could be paid to the Executive such that the receipt of
Payments would not give rise to any Excise Tax, then no Gross-up Payment shall be made to the
Executive and the Payments, in the aggregate, shall be reduced to the Reduced Amount.

          (b) Subject to the provisions of Section 4(c), all determinations required to be made under
this Section 4, including whether and when a Gross-up Payment is required and the amount of such
Gross-up Payment and the assumptions to be utilized in arriving at such determination, shall be
made by such nationally recognized certified public accounting firm or law firm as may be
designated by the Executive (the “Firm”). All fees and expenses of the Firm shall be borne solely
by the Company. Any Gross-up Payment, as determined pursuant to this Section 4, shall be paid by
the Company to the Executive within five days after the receipt of the Firm’s determination. If
the Firm determines that no Excise Tax is payable by the Executive, it shall so indicate to the
Executive in writing. Any determination by the Firm shall be binding upon the Company and the
Executive.

          (c) The Executive shall notify the Company in writing of any claim by the responsible tax
authority that, if successful, would require the payment by the Company of a Gross-up Payment.
Such notification shall be given no later than 10 business days after the Executive is informed in
writing of such claim and shall apprise the Company of the nature of the claim and the date of
requested payment. The Executive shall not pay the claim prior to the expiration of the 30-day
period following the date on which it gives notice to the Company. If the Company notifies the
Executive in writing prior to the expiration of the period that it desires to contest such claim,
the Executive shall:

          (i) give the Company any information reasonably requested by the Company relating to
such claim;

          (ii) take such action in connection with contesting such claim as the Company shall
reasonably request in writing from time to time, including, without limitation, accepting
legal representation with respect to such claim by an attorney reasonably selected by the
Company;

          (iii) cooperate with the Company in good faith in order to effectively contest such
claim; and

          (iv) permit the Company to participate in any proceedings relating to such claim.

Without limitation on the foregoing provisions of this Section 4(c), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may pursue or forego any
and all administrative appeals, proceedings, hearings and conferences with the taxing authority in
respect of such claim and may, at its sole option, either direct the Executive to pay the tax
claimed and sue for a refund or contest the claim in any permissible manner, and the Executive
agrees to prosecute such contest to a determination before any administrative tribunal, in a court
of initial jurisdiction and in one or more appellate courts as the Company shall direct,

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 provided,
however, that the Company shall bear and pay directly all costs and expenses (including additional
interest and penalties) incurred in connection with such contest and shall
indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax
(including interest and penalties with respect thereto) imposed as a result of the contest; and
provided further, that if the Company directs the Executive to pay any claim and sue for a refund,
the Company shall advance the amount of the payment to the Executive, on an interest-free basis,
and shall indemnify and hold the Executive harmless, on an after-tax basis, from any Excise Tax or
income tax (including interest or penalties with respect thereto) imposed with respect to the
advance or with respect to any imputed income with respect to the advance.

          (d) If the Company exhausts its remedies pursuant to Section 4(c) and the Executive thereafter
is required to make a payment of any Excise Tax, the Firm shall determine the amount of the
Gross-up Payment required, and such payment shall be promptly paid by the Company to or for the
benefit of the Executive.

          (e) If, after the receipt by the Executive of an amount advanced by the Company pursuant to
Section 4(c), the Executive becomes entitled to receive any refund with respect to such claim, the
Executive shall promptly pay to the Company the amount of such refund (together with any interest
paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive
of an amount advanced by the Company pursuant to Section 4(c), a determination is made that the
Executive is not entitled to any refund with respect to such claim, and the Company does not notify
the Executive in writing of its intent to contest such denial of refund within 30 days after such
determination, then such advance shall be forgiven and shall not be required to be repaid and the
amount of such advance shall offset, to the extent thereof, the amount of the Gross-up Payment
required to be paid.

     5. No Mitigation Required. In the event that this Agreement or the employment of the
Executive is terminated, the Executive shall not be obligated to mitigate his damages or the amount
of any payment provided for in this Agreement by seeking other employment or otherwise, and except
for the termination of benefits pursuant to Section 3(b), the acceptance of employment elsewhere
after termination shall in no way reduce the amount of Severance Compensation payable hereunder.

     6. Successors; Binding Agreement.

          (a) The Company will require any successor and any corporation or other legal person
(including any “person” as defined in Section 2(d)(iv) of this Agreement) which is in control of
such successor (as “control” is defined in Rule 405 or any successor rule or regulation promulgated
under the Securities Act of 1933, as amended) to all or substantially all of the business and/or
assets of the Company (by purchase, merger, consolidation or otherwise), by agreement in form and
substance reasonably satisfactory to the Executive, to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform
it if no such succession had taken place. Failure of the Company to obtain such agreement prior to
the effectiveness of any such succession shall be a material breach of this Agreement by the
Company. Notwithstanding the foregoing, any such assumption shall not in any way affect or limit
the liability of the Company under the terms of this Agreement or release the Company from any
obligation hereunder. As used in this Section 

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6, “Company” shall mean the Company and any
successor to its business and/or all or substantially all of its assets which executes and delivers
the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement
by operation of law.

          (b) This Agreement and all rights of the Executive hereunder shall inure to the benefit of and
be enforceable by the Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees.

     7. Indemnification; Director’s and Officer’s Liability Insurance. The Executive
shall, after a Change of Control, retain all rights to indemnification under applicable law or
under the Company’s Certificate of Incorporation or Bylaws, as they may be amended or restated from
time to time. In addition, the Company shall maintain director’s and officer’s liability insurance
on behalf of the Executive, at the level in effect immediately prior to the Change in Control, for
the five years following the Change in Control.

     8. Notice. For purposes of this Agreement, notices and all other communications
provided for in the Agreement shall be in writing and shall be deemed to have been duly given when
delivered personally or when mailed five (5) days after being mailed by United States registered
mail, return receipt requested, postage prepaid, addressed as follows:

	 	 	 
	If to the Company:

	 	BearingPoint, Inc.
	 

	 	1676 International Drive
	 

	 	McLean, Virginia 22102
	 

	 	Attn: General Counsel
	 
	If to the Executive:

	 	Mr. David Hunter
	 

	 	 
	 

	 	[address] 
	 

	 	 

or to such other address as any party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon receipt.

     9. Miscellaneous. No provisions of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in a writing signed by the
Executive and the Company. No waiver by either party of, or compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed a waiver of similar
or dissimilar provisions or conditions at the same or at any prior or subsequent time. No
agreements or representations, oral or otherwise, express or implied, unless specifically referred
to herein with respect to the subject matter of this Agreement have been made by either party which
are not set forth expressly in this Agreement. The validity, interpretation, construction and
performance of this Agreement shall be governed by the substantive laws of the State of Delaware,
without regard to its principles of conflicts of law; provided, however, that to the extent this
Agreement makes reference to any other agreements, the choice of law provision set forth in each such agreement shall continue to govern the terms and conditions of such

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agreement as well as the
interpretation and construction thereof and the references thereto that are set forth herein.

     10. Validity. The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this
Agreement, which shall remain in full force and effect.

     11. Counterparts. This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original, but all of which together shall constitute one and the
same instrument.

     12. Employment Rights. Nothing in this Agreement shall create any express or implied
right or duty on the part of the Company or the Executive to have the Executive remain in the
employment of the Company (or any subsidiary of the Company) prior to or after any Change in
Control.

     13. Withholding of Taxes. The Company may withhold from any amounts payable under
this Agreement all federal, state, local or other taxes as shall be required by law.

     14. Disputes. Any dispute or controversy arising under or in connection with this
Agreement shall be resolved by arbitration in accordance with the Rules of the American Arbitration
Association then in effect. Judgment may be entered on an arbitrator’s award relating to this
Agreement in any court having jurisdiction. The exclusive venue for such arbitration shall, at the
sole option of the Executive, be in McLean, Virginia or the county where the Executive then
resides.

     15. Legal Fees and Expenses. It is the intent of the Company that the Executive not
be required to incur the expenses associated with the enforcement of his rights under this
Agreement by litigation or other legal action because the cost and expense thereof would
substantially detract from the benefits intended to be extended to the Executive in this Agreement.
Accordingly, if it should appear to the Executive in good faith that the Company has failed to
comply with any of its obligations under the Agreement or in the event that the Company or any
other person takes any action to declare the Agreement void or unenforceable, or institutes any
litigation designed to deny, or to recover from, the Executive the benefits intended to be provided
to the Executive hereunder, the Company irrevocably authorizes the Executive from time to time to
retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the
Executive in connection with the initiation or defense of any litigation or other legal action,
whether by or against the Company or any director, officer, stockholder or any other person, in any
jurisdiction. The Company shall pay, within 10 business days of a written request by the
Executive, and be solely responsible for, any and all reasonable attorneys’ and related reasonable
fees and expenses incurred by the Executive as a result of any actual or threatened litigation or
other legal action relating to this Agreement or any provision thereof or as a result of the
Company or any person raising any issue with respect to this Agreement or any provision thereof,
including without limitation, contesting the validity or enforceability of this Agreement or any
provision thereof. The Executive shall have an obligation to return to the Company any amounts
paid pursuant to this Section 15 and shall not

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be entitled to any payments under this Section 15 if
the claim or claims made by the Executive are deemed to be frivolous by any court or arbitrator.

     16. Rights and Remedies Cumulative. No right or remedy conferred upon or reserved to
the Executive is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy under this Agreement, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

     17. Code Section 409A. This Agreement is intended to comply with the requirements of
Code Section 409A and shall be limited, construed and interpreted in accordance with such intent.
The Company reserves the right to amend the provisions of this Agreement at any time in order to
avoid the imposition of the additional tax under Code Section 409A or any payments or benefits to
be made hereunder.

     IN WITNESS WHEREOF, the parties have executed this Agreement effective on the day and year
first above written.

	 	 	 	 	 
	 	BEARINGPOINT, INC.

 	 
	 	By:  	/s/
F. Edwin Harbach 	 
	 	Name:  	F. Edwin Harbach 	 
	 	Title:  	Chief Executive Officer and President 	 
	 
	 	EXECUTIVE:

	 
	 	 	 
	 	/s/ David Hunter 	 
	 	David Hunter	 
	 
	 	March 13, 2008 	 
	 	Date	 
	 	 	 
	 

10exv10w4

Exhibit 10.4

BEARINGPOINT, INC.

STOCK OPTION AGREEMENT

FOR NON-U.S. EMPLOYEES

          BearingPoint, Inc., a Delaware corporation (the “Company”), hereby grants to the
individual (the “Optionee”) named in the award notice attached hereto (the “Award
Notice”) as of the date set forth in the Award Notice (the “Option Date”), pursuant to
the provisions of the BearingPoint, Inc. 2000 Long-Term Incentive Plan (the “Plan”), a
non-statutory stock option to purchase from the Company the number of shares of its common stock,
$0.01 par value (“Stock”), set forth in the Award Notice (the “Option”), at the
price per share set forth in the Award Notice, upon and subject to the terms and conditions set
forth below, in the Award Notice and in the Plan. Capitalized terms not defined herein shall have
the meanings specified in the Plan.

          1. Option Subject to Acceptance of Agreement. The Option shall be null and void
unless the Optionee shall accept this Agreement by executing the Award Notice in the space provided
therefore and returning an original execution copy of the Award Notice to the Company.

          2. Time and Manner of Exercise of Option.

          2.1. Maximum Term of Option. In no event may the Option be exercised, in whole or in
part, after the expiration date set forth in the Award Notice (the “Expiration Date”).

          2.2. Exercise of Option. (a) The Option shall become exercisable in accordance with the
vesting schedule set forth in the Award Notice (the “Vesting Schedule”).

          (b) If the Optionee’s employment with the Employer terminates by reason of Disability, the
Option shall be exercisable only to the extent it is exercisable on the effective date of the
Optionee’s termination of active employment and may thereafter be exercised by the Optionee or the
Optionee’s Legal Representative until and including the earlier to occur of (i) the date which is
one year after the effective date of the Optionee’s termination of active employment and (ii) the
Expiration Date.

          (c) If the Optionee’s employment with the Employer terminates by reason of Retirement, the
Option shall continue to vest in accordance with the Vesting Schedule set forth in the Award Notice
and may thereafter be exercised by the Optionee or the Optionee’s heir or Legal Representative
until and including the earlier to occur of (i) the date which is one year after the Optionee’s
date of death, provided the Optionee dies following termination of active employment by reason of
Retirement, and (ii) the Expiration Date.

          (d) If the Optionee’s employment with the Employer terminates by reason of death, the Option
shall be exercisable only to the extent it is exercisable on the date of death and may thereafter
be exercised by the Optionee’s heir or Legal Representative until and including

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the
earlier to occur of (i) the date which is one year after the date of death and (ii) the
Expiration Date.

          (e) If the Optionee’s employment with the Employer terminates for any reason other than
Disability, Retirement or death, the Option shall be exercisable only to the extent it is
exercisable on the effective date of the Optionee’s termination of active employment and may
thereafter be exercised by the Optionee or the Optionee’s Legal Representative until and including
the earlier to occur of (i) the date which is three months after the effective date of the
Optionee’s termination of active employment and (ii) the Expiration Date.

          (f) If the Optionee dies during the period set forth in Section 2.2(b) following termination
of active employment by reason of Disability, or if the Optionee dies during the period set forth
in Section 2.2(e) following termination of active employment for any reason other than Disability,
the Option shall be exercisable only to the extent it is exercisable on the date of death and may
thereafter be exercised by the Optionee’s heirs or Legal Representative until and including the
earlier to occur of (i) the date which is one year after the date of death and (ii) the Expiration
Date.

          2.3. Method of Exercise. Subject to the limitations set forth in this Agreement and
the Plan, the Option may be exercised by the Optionee (a) by giving written notice to the Company
specifying the number of whole shares of Stock to be purchased and by accompanying such notice with
payment therefor in full and payment of any withholding taxes due, as described in Section 3.3, (or
by arranging for such payment to the Company’s satisfaction) either (i) in cash (including checks
or wire transfers as permitted by the Committee), or (ii) in cash by a broker-dealer acceptable to
the Company to whom the Optionee has submitted an irrevocable notice of exercise and (b) by
executing such documents as the Company may reasonably request. The Company shall have sole
discretion to disapprove of an election pursuant to clause (ii). Any fraction of a share of Stock
which would be required to pay such purchase price shall be disregarded and the remaining amount
due shall be paid in cash by the Optionee. No certificate representing a share of Stock shall be
delivered and no title or ownership with respect to shares of Stock shall be transferred to the
Optionee until the full purchase price therefore and any withholding taxes thereon, as described in
Section 3.3, have been paid.

          2.4. Termination of Option. (a) In no event may the Option be exercised after it
terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not earlier
terminated pursuant to Section 2.2 or exercised pursuant to Section 2.3, on the Expiration Date.

          (b) In the event that rights to purchase all or a portion of the shares of Stock subject to
the Option expire or are exercised, cancelled or forfeited, the Optionee shall, upon the Company’s
request, promptly return this Agreement to the Company for full or partial cancellation, as the
case may be; provided, however, that such cancellation shall be effective
regardless of whether the Optionee returns this Agreement. If the Optionee continues to have
rights to purchase shares of Stock hereunder, the Company shall, within 10 days of the Optionee’s
delivery of this Agreement to the Company, either (i) mark this Agreement to indicate the extent to
which the Option has expired or been exercised, cancelled or forfeited or (ii) issue

2

 

to the
Optionee a substitute option agreement applicable to such rights, which agreement shall
otherwise be substantially similar to this Agreement in form and substance.

          3. Additional Terms and Conditions of Option.

          3.1. Nontransferability of Option. The Option may not be transferred by the Optionee
other than by will or the laws of descent and distribution. During the Optionee’s lifetime, the
Option is exercisable only by the Optionee or the Optionee’s Legal Representative. The Option may
not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of
(whether by operation of law or otherwise) or be subject to execution, attachment or similar
process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise
dispose of the Option, the Option and all rights hereunder shall immediately become null and void.
Notwithstanding the foregoing provisions of this Section 3.1, the Company understands that Optionee
proposes to transfer the Option to a trust or similar entity to be formed for Optionee’s estate
and/or tax planning purposes. Prior to such any such transfer, Optionee shall demonstrate such
purpose to the satisfaction of the Committee (in the exercise of its discretion) by providing such
documentation and information requested by the Committee, and the Committee shall have the sole
discretion in approving any such transfer. In addition, any such transfer (i) shall be made
pursuant to an Assignment of Stock Options, substantially in the form of Exhibit A hereto,
with such further changes or modifications thereto as directed by the Committee and (ii) shall be
subject to such other terms and conditions and to the execution of such other agreements and
documents as the Committee may require. The Committee shall have no obligation whatsoever to
consent to any other or subsequent transfer of the Option proposed to be made by the Optionee or
any other person or entity.

          3.2. Investment Representation. The Optionee hereby represents and covenants that (a)
any shares of Stock purchased upon exercise of the Option will be purchased for investment and not
with a view to the distribution thereof within the meaning of the Securities Act unless such
purchase has been registered under the Securities Act and any applicable state securities laws; (b)
any subsequent sale of any such shares shall be made either pursuant to an effective registration
statement under the Securities Act and any applicable state securities laws, or pursuant to an
exemption from registration under the Securities Act and such state securities laws; and (c) if
requested by the Company, the Optionee shall submit a written statement, in a form satisfactory to
the Company, to the effect that such representation (x) is true and correct as of the date of any
purchase of any shares hereunder or (y) is true and correct as of the date of any sale of any such
shares, as applicable. As a further condition precedent to any exercise of the Option, the
Optionee shall comply with all regulations and requirements of any regulatory authority having
control of or supervision over the issuance or delivery of the shares and, in connection therewith,
shall execute any documents which the Board or the Committee shall in its sole discretion deem
necessary or advisable.

          3.3. Withholding Taxes. (a) Prior to the exercise of the Option, the Optionee shall pay
or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all
withholding and payment on account obligations of the Company and/or the Employer In this regard,
the Optionee authorizes
the Company and/or the Employer to withhold all applicable income tax, social insurance, payroll
tax, payment on account or other tax-related

3

 

withholding (the “Required Tax Payments”)
legally payable by the Optionee from the Optionee’s wages or other cash compensation paid to the
Optionee by the Company and/or the Employer or from proceeds of the sale of the shares. The
Company may refuse to honor the exercise and refuse to deliver the shares and to transfer title or
ownership with respect to the shares if the Optionee fails to comply with the Optionee’s
obligations in connection with the Required Tax Payments as described in this Section 3.3.

          (b) If permissible by local law, the Optionee may elect to satisfy his or her obligation to
advance the Required Tax Payments by any of the following means: (1) a cash payment to the Company
(including checks or wire transfers as permitted by the Committee), or (2) authorizing the Company
to withhold whole shares of Stock which would otherwise be delivered to the Optionee upon exercise
of the Option having an aggregate Fair Market Value, determined as of the Tax Date, equal to the
Required Tax Payments, (3) a cash payment by a broker-dealer acceptable to the Company to whom the
Optionee has submitted an irrevocable notice of exercise or (4) any combination of (1) and (2).
The Company shall have sole discretion to disapprove of an election pursuant to any of clauses (2)
- (4). Shares of Stock to be withheld may not have a Fair Market Value in excess of the minimum
amount of the Required Tax Payments. Any fraction of a share of Stock which would be required to
satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash
by the Optionee. No certificate representing a share of Stock shall be delivered and no title or
ownership with respect to shares of Stock shall be transferred to the Optionee until the Required
Tax Payments have been satisfied in full.

          3.4. Tax Reporting and Payment Liability. The Company and/or the Employer will assess
their Required Tax Payments’ withholding and reporting requirements, in connection with the Option,
including the grant, vesting or exercise of the Option or sale of shares acquired pursuant to such
exercise. These requirements may change from time to time as laws or interpretations change.
Regardless of any action the Company and/or the Employer take with respect to Required Tax
Payments, the Optionee hereby acknowledges and agrees that the ultimate liability for any and all
Required Tax Payments is and remains his or her responsibility and liability and that the Company
and/or the Employer (i) make no representations or undertakings regarding the treatment of any
Required Tax Payments in connection with any aspect of the Option grant, including the grant,
vesting or exercise of the Option and the subsequent sale of shares acquired pursuant to such
exercise and the receipt of any dividends; and (ii) do not commit to structure the terms of the
grant or any aspect of the Option to reduce or eliminate the Optionee’s liability regarding
Required Tax Payments.

          3.5. Adjustment. In the event of any stock split, reverse stock split, stock
dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares,
liquidation, spin-off or other similar change in capitalization or event, or any distribution to
holders of Stock other than a regular cash dividend, the number and class of securities subject to
the Option and the purchase price per security shall be appropriately adjusted by the Committee
without an increase in the aggregate purchase price. If any adjustment would result in a
fractional security being subject to the Option, the Company shall pay the Optionee, in connection
with the first exercise of the Option occurring after such adjustment, an amount in cash determined
by
multiplying (i) the fraction of such security (rounded to the nearest

4

 

hundredth) by (ii) the
excess, if any, of (A) the Fair Market Value on the exercise date over (B) the exercise price of
the Option. The decision of the Committee regarding any such adjustment shall be final, binding
and conclusive.

          3.6. Compliance with Applicable Law. The Option is subject to the condition that if
the listing, registration or qualification of the shares subject to the Option upon any securities
exchange or under any law, or the consent or approval of any governmental body, or the taking of
any other action is necessary or desirable as a condition of, or in connection with, the purchase
or delivery of shares hereunder, the Option may not be exercised, in whole or in part, and such
shares may not be delivered, unless such listing, registration, qualification, consent, approval or
other action shall have been effected or obtained, free of any conditions not acceptable to the
Company. The Company agrees to use reasonable efforts to effect or obtain any such listing,
registration, qualification, consent, approval or other action.

          3.7. Delivery of Certificates. Upon the exercise of the Option, in whole or in part,
the Company shall deliver or cause to be delivered, subject to the conditions of this Article 3,
one or more certificates representing the number of shares purchased against full payment therefor.
The Company shall pay all original issue or transfer taxes and all fees and expenses incident to
such delivery, except as otherwise provided in Section 3.3. Alternatively, in the Company’s sole
discretion, the Company may transfer title or ownership of shares acquired upon exercise of the
Option under the Company’s procedures through its transfer agent.

          3.8. Option Confers No Rights as Stockholder. The Optionee shall not be entitled to
any privileges of ownership with respect to shares of Stock subject to the Option until purchased
and title or ownership of shares has been transferred to the Optionee under the Company’s
procedures through its transfer agent. The Optionee shall not be considered a stockholder of the
Company with respect to any such shares not so purchased.

          3.9. Acknowledgement and Waiver. By executing the Award Notice and accepting the
grant of the Option evidenced by the Award Notice and this Agreement, the Optionee acknowledges and
agrees that:

          (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it
may be modified, suspended or terminated by the Company at any time, as provided in the Plan and
this Agreement;

          (b) the grant of the Option is voluntary and occasional and does not create any contractual or
other right to receive future grants of Options, or benefits in lieu of Options, even if Options
have been granted repeatedly in the past;

          (c) all decisions with respect to future Option grants, if any, will be at the sole discretion
of the Company;

          (d) the Optionee’s participation in the Plan shall not create a right to further employment
with the Employer and shall not interfere with the ability of the Employer to terminate the
Optionee’s employment relationship at any time with or without cause;

5

 

          (e) the Optionee is voluntarily participating in the Plan;

          (f) the Option is an extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Employer, and which is outside the scope of the Optionee’s
employment contract, if any;

          (g) the Options are not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating any severance, resignation, termination, redundancy, end
of service payments, bonuses, long-service awards, pension or retirement benefits or similar
payments;

          (h) in the event that the Optionee is not an employee of the Company, the Option grant will
not be interpreted to form an employment contract or relationship with the Company; and
furthermore, the Option grant will not be interpreted to form an employment contract with the
Employer or any subsidiary or Affiliate of the Company;

          (i) the future value of the underlying shares is unknown and cannot be predicted with
certainty;

          (j) if the underlying shares do not increase in value, the Options will have no value;

          (k) if the Optionee exercises his or her Option and obtains shares, the value of those shares
acquired upon exercise may increase or decrease in value, even below the exercise price;

          (l) no claim or entitlement to compensation or damages arises from termination of the Options
or diminution in value of the Options or shares purchased through exercise of the Options and the
Optionee irrevocably releases the Company and the Employer from any such claim that may arise; and

          (m) notwithstanding any terms or conditions of the Plan to the contrary, in the event of
involuntary termination of the Optionee’s employment, the Optionee’s right to receive Options and
vest in Options under the Plan, if any, will terminate effective as of the date that the Optionee
is no longer actively employed and will not be extended by any notice period mandated under local
law (e.g., active employment would not include a period of “garden leave” or similar period
pursuant to local law); furthermore, in the event of involuntary termination of employment, the
Optionee’s right to exercise the Options after termination of employment, if any, will be measured
by the date of termination of the Optionee’s active employment and will not be extended by any
notice period mandated under local law.

          (n) if the Optionee:

          (i) breaches any covenant concerning confidentiality or intellectual property or
concerning noncompetition or nonsolicitation of clients, prospective clients or personnel of
the Company to which the Optionee is or may become a party in the future;

6

 

          (ii) fails (A) to complete on a timely basis all current and future training relating
to the Company’s policies and procedures, including financial reporting and timekeeping
training, (B) to follow consistently all Company policies and procedures, and, if
applicable, to confirm that the employees the Optionee supervises are following such Company
policies and procedures or (C) to meet such cash collection goals, if any, as are
established for the Optionee by the Company from time to time; or

          (iii) engages in conduct resulting in Summary Termination (as defined in the Optionee’s
Managing Director Agreement);

then, in addition to and without in any way limiting any remedies under any of the covenants
described above in this Section 3(n) or otherwise:

          (A) any unexercised Options shall be forfeited automatically on the date the
Optionee commits such breach as is specified in clause (i), fails to act as
specified in clause (ii) or is discharged as a result of Summary Termination; and

          (B) in the event of a breach described in Section 3(n)(i), the Optionee or his
Legal Representative shall deliver to the Company, within five business days of
receipt by the Optionee or Legal Representative of a written demand therefor, an
amount in cash equal to the amount determined by multiplying the number of shares of
Stock issued upon exercise of an Option prior to the date the Optionee breaches such
covenant (without reduction for any shares of Stock delivered by the Optionee or
withheld by the Company pursuant to Section 3.3(b)) by the fair market value of a
share of Stock on the date the shares of Stock were issued to the Optionee, less the
exercise price paid upon such exercise; and

          (C) in the event of a breach described in Section 3(n)(ii) or if the Optionee
is terminated for Cause other than for a breach referenced in Section 3(n)(i), the
Optionee or his Legal Representative shall pay the Company, within five business
days of receipt by the Optionee or Legal Representative of a written demand
therefor, an amount in cash equal to 50% of the amount determined by multiplying the
number of shares of Stock issued upon exercise of an Option prior to the date of the
breach described in Section 3(n)(ii) or the date the Optionee is terminated for
Cause other than for a breach referenced in Section 3(n)(i) (without reduction for
any shares of Stock delivered by the Optionee or withheld by the Company pursuant to
Section 3.3(b)) by the fair market value of a share of Stock on the date the shares
of Stock were issued to the Optionee, less the exercise price paid upon such
exercise.

          3.10. Data Privacy Consent. As a condition to the grant of the Option, the Optionee
explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of personal data as described in this Agreement by and among, as applicable,
the Employer and/or the Company and its Affiliates for the exclusive purpose of implementing,

7

 

administering
and managing the Optionee’s participation in the Plan. The Optionee understands that
the Employer and/or the Company may hold certain personal information about the Optionee, including
the Optionee’s name, home address and telephone number, date of birth, social insurance number or
other identification number, salary, nationality, job title, any shares of Stock or directorships
held in the Company or an Affiliate, details of all Options or any other entitlement to shares of
Stock awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s favor, for
the purpose of implementing, administering and managing the Plan (“Data”). The Optionee
further understands that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients may be located in
the Optionee’s country or elsewhere, and that the recipient’s country may have different data
privacy laws and protections than the Optionee’s country. The Optionee understands that he or she
may request a list with the names and addresses of any potential recipients of the Data by
contacting the Optionee’s Human Resources representative. The Optionee authorizes the recipients
to receive, possess, use, retain and transfer the Data, in electronic or other form, for the
purposes of implementing, administering and managing the Optionee’s participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party
with whom the Optionee may elect to deposit any shares of Stock acquired upon exercise of the
Option. The Optionee understands that Data will be held only as long as is necessary to implement,
administer and manage the Optionee’s participation in the Plan. The Optionee understands that he
or she may, at any time, view Data, request additional information about the storage and processing
of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any
case without cost, by contacting in writing his or her local Human Resources representative. The
Optionee understands, however, that refusing or withdrawing consent may affect the Optionee’s
ability to participate in the Plan. For more information on the consequences of refusal to consent
or withdrawal of consent, the Optionee understands he or she may contact his or her Human Resources
representative.

          3.11. Decisions of Board or Committee. The Board or the Committee shall have the
right to resolve all questions which may arise in connection with the Option or its exercise. Any
interpretation, determination or other action made or taken by the Board or the Committee regarding
the Plan or this Agreement shall be final, binding and conclusive.

          3.12. Company to Reserve Shares. The Company shall at all times prior to the
expiration or termination of the Option reserve and keep available, either in its treasury or out
of its authorized but unissued shares of Stock, the full number of shares of Stock subject to the
Option from time to time.

          3.13. Agreement Subject to Plan. This Agreement is subject to the provisions of the
Plan, including Section 6.8 relating to a Change in Control, and shall be interpreted in accordance
therewith. The Optionee hereby acknowledges receipt of a copy of the Plan.

          4. Miscellaneous Provisions.

8

 

          4.1. Designation as Non-Statutory Stock Option. The Option is hereby designated as a
Non-Statutory Stock Option. This Agreement shall be interpreted and treated consistently with such
designation.

          4.2. Meaning of Certain Terms. (a) As used herein, employment by the Company shall
include employment by a subsidiary of the Company.

          (b) As used herein, the following terms shall have the meanings set forth below:

          “Employer” shall mean the Optionee’s employer and its subsidiaries as may exist from
time to time.

          “Legal Representative” shall include an executor, administrator, legal representative,
guardian or similar person, including, where the Option has been transferred to a family trust, the
trustee or other person authorized to act for such vehicle.

          “Retirement” shall mean the termination of the Optionee’s active employment on or
after the date as of which the Optionee attains the “normal retirement age” under any retirement
plan covering the Optionee that is sponsored by the Employer, whether compulsory or supplemental
or, if no such retirement plan applies, the statutory mandated retirement plan. If no such
retirement plan applies, then Retirement means the date as of which the Optionee’s age and service
with the Employer and its affiliates equals or exceed 70 years (using whole years and full calendar
months).

          “Securities Act” shall mean the United States Securities Act of 1933, as amended, and
the rules and regulations thereunder.

          4.3. Successors. This Agreement shall be binding upon and inure to the benefit of any
successor or successors of the Company and any person or persons who shall, upon the death of the
Optionee, acquire any rights hereunder in accordance with this Agreement or the Plan.

          4.4. Notices. All notices, requests or other communications provided for in this
Agreement shall be made, if to the Company, to BearingPoint, Inc., c/o Morgan Stanley Dean Witter,
Stock Plan Administration, Harborside Financial Center, Plaza Three, 1st Floor, Jersey City, NJ
07311 and if to the Optionee, to the last known mailing address of the Optionee contained in the
records of the Company. All notices, requests or other communications provided for in this
Agreement shall be made in writing either (a) by personal delivery, (b) by facsimile with
confirmation of receipt, (c) by mailing in the United States mails or (d) by express courier
service. The notice, request or other communication shall be deemed to be received upon personal
delivery, upon confirmation of receipt of facsimile transmission or upon receipt by the party
entitled thereto if by United States mail or express courier service; provided,
however, that if a notice, request or other communication sent to the Company is not
received during regular business hours, it shall be deemed to be received on the next succeeding
business day of the Company.

9

 

          4.5. Governing Law. This Agreement, the Option and all determinations made and
actions taken pursuant hereto and thereto, to the extent not governed by United States federal law,
shall be governed by the laws of the State of Delaware and construed in accordance therewith
without giving effect to principles of conflicts of laws.

          4.6. Counterparts. The Award Notice may be executed in two counterparts, each of
which shall be deemed an original and both of which together shall constitute one and the same
instrument.

          4.7. Language. If the Optionee has received this Agreement or any other document
related to the Plan translated into a language other than English and if the translated version is
different than the English version, the English version will control.

          4.8. Severability. The provisions of this Agreement are severable and if any one or
more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part,
the remaining provisions shall nevertheless be binding and enforceable.

10

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