Document:

EX-10.70

Exhibit 10.70

EMPLOYMENT LETTER AGREEMENT

AMENDMENT

          BearingPoint, Inc. (the “Company”) and F. Edwin Harbach (“Executive”) previously entered into
an Employment Letter Agreement effective as of December 31, 2007 (the “Agreement”). Pursuant to
Section 7 of the Agreement, the Company is required to reform the Agreement if any provision of the
Agreement would cause Executive to incur any additional tax or interest under Section 409A of the
Internal Revenue Code of 1986. Having deemed that it is in the best interest of the Company and
Executive to provide that the benefits provided under the Agreements shall satisfy the requirements
of Section 409A, the Company hereby amends the Agreement as follows:

	1.	 	The section of the Agreement entitled “Severance” is amended by adding the following
immediately before the last sentence:

You must return the executed Release Agreement to the Company no earlier than
the date of your termination of employment with the Company and no later than
the thirtieth day following your termination of employment. You will have a
period of seven days from the date on which the executed Release Agreement is
timely returned to the Company (the “Revocation Period”) during which you may
revoke the Release Agreement by the timely delivery of a written notice of
such revocation to the Company. If you do not revoke the Release Agreement,
the Company will make any required severance payments within a period of
months equal to the number of months’ pay to which the Managing Director is
entitled as Severance Pay, but in any event no later than March 15 of the
year following the date of your termination of employment.

	2.	 	The section of the Agreement entitled “Termination by the Company without Cause” is
amended by deleting the second sentence in its entirety and replacing it with the
following:

Upon your execution and delivery of a Release Agreement and provided that you
do not revoke the Release Agreement during the Revocation Period, the Company
will make such cash payments within a period of months equal to the number of
months’ pay to which the Managing Director is entitled as Severance Pay, but
in any event no later than March 15 of the year following the date of your
termination of employment.

          IN WITNESS WHEREOF, this Amendment is executed this 20 day of December, 2008, but effective
as of December 31, 2008.

	 	 	 	 	 	 	 
	 	 	BEARINGPOINT, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Richard J. Martino
 

Richard J. Martino
	 	 
	 

	 	Title:
	 	EVP, Global Human ResourcesEX-10.78

Exhibit 10.78

EMPLOYMENT LETTER AGREEMENT

AMENDMENT

          BearingPoint, Inc. (the “Company”) and David Hunter (“Executive”) previously entered into an
Employment Letter Agreement effective as of March 13, 2008 (the “Agreement”). Pursuant to Section 6
of the Agreement, the Company is required to reform the Agreement if any provision of the Agreement
would cause Executive to incur any additional tax or interest under Section 409A of the Internal
Revenue Code of 1986. Having deemed that it is in the best interest of the Company and Executive to
provide that the benefits provided under the Agreements shall satisfy the requirements of Section
409A, the Company hereby amends the Agreement as follows:

	1.	 	The section of the Agreement entitled “Payments Upon Termination” is amended by
adding the following immediately before the last sentence:

You must return the executed Release Agreement to the Company no earlier
than the date of your termination of employment with the Company and no
later than the thirtieth day following your termination of employment. You
will have a period of seven days from the date on which the executed Release
Agreement is timely returned to the Company (the “Revocation Period”) during
which you may revoke the Release Agreement by the timely delivery of a
written notice of such revocation to the Company. If you do not revoke the
Release Agreement, the Company will make any required severance payments
within 45 days of your termination of employment, but in any event, no later
than March 15 of the year following the date of your termination of
employment.

	2.	 	The section of the Agreement entitled “Payments Upon Termination by the Company
(other than Summary Termination)” is amended by substituting the following:

Additional Payments Upon Termination by the Company (other than Summary
Termination). Subject to the conditions described below, you may become
entitled to receive an additional payment in the event of your termination
by the Company (other than Summary Termination). Any additional payments
shall be conditioned upon your execution of a full and binding unilateral
release of all claims arising from or associated with your employment with
the Company, which shall be prepared by, and in form and substance
reasonably satisfactory to, the Company (the “Release Agreement”). You must
return the executed Release Agreement to the Company no earlier than the
date of your termination of employment with the Company and no later than
the 30th day following your termination of employment. You will have a
period of seven days from the date on which the executed Release Agreement
is timely returned to the Company (the “Revocation Period”) during which
you may revoke the Release Agreement by the timely delivery of a written
notice of such revocation to the Company. Contingent upon your execution
and delivery of a Release Agreement and provided that you do not revoke the Release Agreement

1

 

during the Revocation Period, the Company will make a cash payment of
$1,500,000.00 USD on the 45th day following the date of your termination of
employment. Any payments shall be subject to standard withholdings and
deductions. This payment shall be in partial consideration for the 24-month
Restraint Period and related Covenants set forth in your Managing Director
Agreement. Any payments made pursuant to this section shall be made in lieu
of any obligation to pay any amounts set forth in your Managing Director
Agreement in the event of the termination of your employment by the
Company.

IN WITNESS WHEREOF, this Amendment is executed this 28 day of
December, 2008, but effective as of December 31, 2008.

	 	 	 	 	 	 	 
	 	 	BEARINGPOINT, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Richard Martino
 

Richard Martino
	 	 
	 

	 	Title:
	 	EVP, Global Human Resources	 	 

2EX-10.92

Exhibit 10.92

			
	 	 	 
	
	 	Chicago  Dallas  Dotroit  New York  San Francisco

February 5, 2009

F. Edwin Harbach

President & Chief Executive Officer

BearingPoint, Inc.

3 World Financial Center

200 Vesey Street

New York, NY 10281

Re: Interim Management and Restructuring Services

Dear Ed:

This letter, together with the attached Schedule(s), Exhibit and General Terms and Conditions, sets
forth the agreement (“Agreement”) between AP Services, LLC, a Michigan limited liability company
(“APS”), and BearingPoint, Inc. (“BearingPoint” or the “Company”) for the engagement of APS to
provide certain temporary employees to the Company to assist it in its restructuring as described
below. This Agreement replaces in their entirety the agreements between AlixPartners, LLP a limited
liability partnership (“AlixPartners”) and the Company (i) the engagement letter dated September 23
and its First Amendment November 10, 2008 and its Second Amendment dated January 7, 2009 and (ii)
the engagement letter providing an interim Chief Financial Officer to the Company also dated
November 10, 2008.

All defined terms shall have the meanings ascribed to them in this letter and in the attached
Schedule(s), Exhibit and General Terms and Conditions.

Generally, the engagement of APS, including any APS Temporary Staff who serve in Executive Officer
positions, shall be under the supervision of the Board of Directors of the Company and the direct
supervision of its Chief Executive Officer.

Objectives and Tasks

APS will provide Kenneth A. Hiltz to serve as the Company’s Chief Financial Officer (“CFO”),
reporting to the Company’s Chief Executive Officer. Working collaboratively with the senior
management team, the Board of Directors and other Company professionals, Mr. Hiltz will perform
the services and carry out the duties that a CFO of a similar company would perform or carry out
and any other services or duties as may be requested from time to time by the Chief Executive
Officer.

2000 Town Center | Suite 2400 | Southfield, MI | 48075 | 248.358.4420 | 248.358.1969 fax | www.alixpartners.com

 

 

F. Edwin Harbach

February 5, 2009

Page 2 of 25

In addition to providing Ken Hiltz as interim CFO, the responsibilities of APS will be as follows:

	•	 	Manage the Company’s financial and treasury functions.
	 
	•	 	Work with the senior management of the Company to obtain covenant relief from its bank lenders and other creditors.
	 
	•	 	Assist the Company in obtaining and compiling information that is needed to present the Company to prospective purchasers or investors and to further support those efforts
assisting with matters such as due diligence and obtaining or preparing supplemental
information that may be needed to obtain maximum value for the Company’s
stakeholders.
	 
	•	 	Assist management, as requested, with the evaluation of various restructuring initiatives and strategic alternatives.
	 
	•	 	Assist the Company and its management in developing a short-term cash flow forecasting tool and related methodologies.
	 
	•	 	Analyze cash sources and identify potential additional sources of cash.
	 
	•	 	Monitor actual receipts and disbursements and reconcile to forecast.
	 
	•	 	Assist management to improve the Company’s net cash position.
	 
	•	 	Assist the Company in developing an actual to forecast variance reporting mechanism including written explanations of key differences.
	 
	•	 	Work with the Company’s legal, tax and treasury groups and management of the Company’s foreign operations in facilitating appropriate cost reallocations and the
repatriation of cash to the U.S.
	 
	•	 	Assist with providing testimony before the Bankruptcy Court on matters that are within our areas of expertise, as necessary.
	 
	•	 	Assist in communication, presenting information and/or negotiation with outside
constituents including the banks, their advisors and committees appointed by the Bankruptcy Court and the Bankruptcy Court itself.
	 
	•	 	Assist with the preparation of the statement of affairs, schedules and other regular reports required by the Bankruptcy Court or which are customarily issued by the Company’s Chief Financial Officer.
	 
	•	 	Assist as requested in tasks such as reconciling, managing and negotiating claims,
determining preferences and collection of same, document management, preservation of electronic data and the like.

 

 

F. Edwin Harbach

February 5, 2009

Page 3 of 25

	•	 	Assist the Company and its counsel in confirmation of any plan of reorganization filed in these Chapter 11 cases.
	 
	•	 	Assist with such other matters as may be requested that fall within APS’ expertise and that are mutually agreeable.

Staffing

APS will provide the Company with the individuals set forth on Exhibit A (“Temporary Staff”),
subject to the terms and conditions of this Agreement, with the titles, pay rates and other
descriptions set forth therein.

The Temporary Staff may be assisted by or replaced by other professionals at various levels, as
required, who shall also become Temporary Staff. APS will keep the Company informed as to APS’
staffing and will not add additional Temporary Staff to the assignment without first consulting
with the Company to obtain Company concurrence that such additional resources are required and do
not duplicate the activities of other employees or professionals.

If APS finds it desirable to augment its professional staff with independent contractors (an
“I/C”) in this case, (i) APS will file, and require the I/C to file, 2014 affidavits indicating
that the I/C has reviewed the list of the interested parties in this case, disclosing the I/C’s
relationships, if any, with the interested parties and indicating that the I/C is disinterested;
(ii) the I/C must remain disinterested during the time that APS is involved in providing services
on behalf of the Company; and (iii) the I/C must represent that he/she will not work for the
Company or other parties in interest in this case during the time APS is involved in providing
services to the Company.

APS’ standard practice is to charge for an I/C’s services at the APS rate for a professional of
comparable skill and experience, which rate typically exceeds the compensation provided by APS to
such I/C.

Timing and Fees

APS will commence this engagement upon receiving a copy of the Agreement executed by the Company.

The Company shall compensate APS for its services, and reimburse APS for expenses, as set forth on
Schedule 1.

 

 

F. Edwin Harbach

February 5, 2009

Page 4 of 25

* * *

In the event the Company seeks protection under the U.S. Bankruptcy Code, the Company will promptly
apply to the Bankruptcy Court to obtain approval of APS’ retention and Retainer nune pro tune to
the date of the filing.

If these terms meet with your approval, please sign and return the enclosed copy of the Agreement.

We look forward to working with you.

Sincerely yours,

AP Services, LLC

	 	 	 	 	 
	/s/ Kenneth A. Hiltz
 	 
	Kenneth A. Hiltz 	 
	Its Authorized Representative 	 
	 

Acknowledged and Agreed to:

BEARINGPOINT, INC.

	 	 	 	 	 
	 	 
	By:  	/s/
Ed Harbach
 	 
	 	Its: 	Chief
Executive Officer	 	 
	 
	Dated: 	 	 	 
	 

 

 

AP Services, LLC

Employment by BearingPoint, Inc.

Exhibit A

Temporary Staff

Individuals with Executive Officer Positions

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Hourly	 	Commitment
	Name	 	Description	 	Rate	 	Full1 or Part2 Time
	Kenneth A. Hiltz

	 	Chief Financial Officer
	 	$	790	 	 	Full Time

Additional Temporary Staff

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Hourly	 	Commitment
	Name	 	Description	 	Rate	 	Full1 or Part2 Time
	David Johnston

	 	Engagement & Finance Leader
	 	$	595	 	 	Full Time
	Charles N. Braley

	 	Cash Forecasting & Management
	 	$	525	 	 	Full Time
	Nishit Shah

	 	Cash Forecasting & Management
	 	$	365	 	 	Full Time
	Robert Torti

	 	Cash Forecasting & Management
	 	$	365	 	 	Full Time
	Steve F. Hodkinson

	 	Accounting Leader
	 	$	650	 	 	Full Time
	James Nelson

	 	Business Planning
	 	$	365	 	 	Full Time
	Barry Folse

	 	Case Management Services
	 	$	685	 	 	Part Time
	Bryan K. Porter

	 	Case Management Services
	 	$	595	 	 	Full Time
	Dudley Jordan

	 	Case Management Services
	 	$	450	 	 	Full Time
	Jim Swindell

	 	Case Management Services
	 	$	395	 	 	Full Time
	Bobbie Phillips

	 	Case Management Services
	 	$	235	 	 	Part Time
	Julia Mysinger

	 	Case Management Services
	 	$	200	 	 	Part Time

The parties agree that Exhibit A can be amended by APS from time to time to add or delete
staff, and the Monthly Staffing Reports shall be treated by the parties as such amendments.

 

			
	1	 	Full time is defined as substantially full time.

	 
	2	 	Part time is defined as approximately 2-3 days per week, with some weeks more or less
depending on the needs and issues facing the Company at that time.

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Commitment
	Name	 	Description	 	Hourly Rate	 	Full1 or Part2 Time
	Bruce Myers

	 	IT Assessment Services
	 	$	790	 	 	Part Time
	Margaret Adams

	 	IT Assessment Services
	 	$	595	 	 	Part Time
	Michael Wagoner

	 	IT Assessment Services
	 	$	450	 	 	Part Time
	Juan Menendez

	 	Case Management Services
	 	$	295	 	 	Part Time
	Michelle Campbell

	 	Communications
	 	$	595	 	 	Part Time
	John Franks

	 	Communications
	 	$	510	 	 	Part Time
	Alexandra Griffin

	 	Communications
	 	$	235	 	 	Full Time
	Tassie Powers

	 	Paralegal
	 	$	160	 	 	Full Time

The parties agree that Exhibit A can be amended by APS from time to time to add or delete
staff, and the Monthly Staffing Reports shall be treated by the parties as such amendments.

 

			
	1	 	Full time is defined as substantially full time.

	 
	2	 	Part time is defined as approximately 2-3 days per week, with some weeks more or less
depending on the needs and issues facing the Company at that time.

 

 

Schedule 1

Fees and Expenses

	1.	 	Fees: APS’ fees will be based on the hours worked by APS personnel at APS’ hourly rates,
which are:

	 	 	 	 	 
	MD
	 	$	685-995	 
	Director
	 	$	510-685	 
	Vice President
	 	$	350-500	 
	Associate
	 	$	260-365	 
	Analyst
	 	$	235-260	 
	Paraprofessional
	 	$	180-210	 

	 	 	APS reviews and revises its billing rates on January 1 of each year.
	 
	2.	 	Success Fee: In addition to hourly fees, APS may be compensated for its efforts by the
payment of the Success Fee (as defined below). The Company understands and acknowledges that
the Success Fee is an integral part of APS’ compensation for the engagement.
	 
	 	 	The Company agrees that it will pay to APS a success fee of $4,500,000 (the “Success Fee”)
promptly upon consummation of a transaction (“Transaction”).
	 
	 	 	For the purposes of this Agreement, a Transaction shall be deemed to have been consummated
upon the earliest of any of the following events to occur: (1) as between the Company and any
other persons, (A) the acquisition by either such party of a majority of the outstanding
common stock of, or voting power in, the other party calculated on a fully-diluted basis; (B)
a merger or consolidation of such parties in which a party acquires a majority of the
outstanding common stock of, or voting power in, the other party calculated on a
fully-diluted basis; (C) the acquisition by either such party of assets of the other party
representing all or substantially all of such other party’s assets, or (D) either such party
obtaining the ability to elect a majority of the directors of the other party standing for
election, whether or not such election is possible (by reason of classification of
directors), at the next annual meeting of such other party’s shareholders, whether or not
such election occurs; (2) the consummation of any material recapitalization or debt
restructuring of the Company, including but not limited to a tender offer or exchange for, or
a material amendment to the terms of, two or more of the following: (i) the Company’s various
debt securities, (ii) the Company’s term debt facility, and (iii) the Company’s synthetic
letter of credit facility; or (3) upon confirmation of a Chapter 11 Plan of Reorganization
accomplishing any of the foregoing.

 

 

	3.	 	Expenses: In addition to the fees set forth herein, the Company shall pay directly,
or reimburse APS upon receipt of periodic billings, for all reasonable out-of-pocket
expenses incurred in connection with this assignment, such as travel, lodging,
postage and telephone and facsimile charges.
	 
	4.	 	Break Fee: APS does not seek a Break Fee in connection with this engagement.
	 
	5.	 	Retainer: APS acknowledges receipt of the Retainer in the amount of $1,000,000 by
transfer from AlixPartners, LLP. The Retainer will be applied against Fees and
Expenses as set forth in this Schedule and in accordance with Section 2 of the attached
General Terms and Conditions. No additional Retainer is required.

 

 

AP Services, LLC

General Terms and Conditions

These General Terms and Conditions (“Terms”) are incorporated into the letter agreement
(“Agreement”) between the Company and APS to which these Terms are attached. In case of conflict
between the wording in the letter agreement and these General Terms and Conditions, the wording of
the letter agreement shall prevail.

Section 1. Company Responsibilities

The Company will undertake responsibilities as set forth below:

	1.	 	Provide reliable and accurate detailed information, materials, documentation and
	 
	2.	 	Make decisions and take future actions, as the Company determines in its sole discretion, on any
recommendations made by APS in connection with this Agreement.

APS’ delivery of the services and the fees charged are dependent on (i) the Company’s timely and
effective completion of its responsibilities; and (ii) timely decisions and approvals made by the
Company’s management. The Company shall be responsible for any delays, additional costs or other
deficiencies caused by not completing its responsibilities.

Section 2. Retainer, Billing and Payments

Retainer and Billing. APS will submit semi-monthly invoices for services rendered and expenses
incurred and will offset such invoices against the Retainer. Payment will be due upon receipt of
the invoices to replenish the Retainer to the agreed-upon amount. Any unearned portion of the
Retainer will be returned to the Company at the termination of the engagement.

Payments. All payments to be made by the Company to APS shall be payable upon receipt of invoice
via wire transfer to APS’ bank account, as follows:

	 	Receiving Bank: 	 	 Comerica Bank

ABA #072000096
	 
	 	Receiving Account: 	 	 AP Services, LLC 

A/C #1851-765410
	 
	 	Currency:  	 	 USD

Section 3. Relationship of the Parties

The parties intend that an independent contractor relationship will be created by the Agreement.
As an independent contractor, APS will have complete and exclusive charge of the management and
operation of its business, including hiring and paying the wages and other compensation of all its
Temporary Staffs and agents, and paying all bills, expenses and other charges incurred or payable
with respect to the operation of its business. Of course, Temporary Staff of APS will not be
entitled to receive from the Company any vacation pay, sick leave, retirement, pension or social
security benefits, workers’ compensation, disability, unemployment insurance benefits or any other
employee benefits. APS will be responsible for all employment, withholding, income and other taxes
incurred in connection with the operation and conduct of its business.

The parties also agree not to solicit, recruit, or hire any Temporary Staff or agents of the other
party during the term of the Agreement and for a period of one year subsequent to the completion and/or termination of the Agreement.

Section 4. Confidentiality

APS shall use reasonable efforts to keep confidential all non-public confidential or proprietary
information obtained from the Company during the performance of its services hereunder (the
“Information”), and neither APS nor the Temporary Staff will disclose any Information to any other
person or entity, “Information” includes non-public confidential and proprietary data, plans,
reports, schedules, drawings, accounts, records, calculations, specifications, flow sheets,
computer programs, source or object codes, results, models or any work product relating to the
business of the Company, its subsidiaries, distributors, affiliates, vendors, customers, Temporary
Staff, contractors and consultants.

The foregoing is not intended to prohibit, nor shall it be construed as prohibiting, APS or the
Temporary Staff from disclosure pursuant to a valid subpoena or court order, but neither APS nor
the Temporary Staff shall encourage, suggest, invite or request, or assist in securing, any such
subpoena or court order; and APS and the Temporary Staff shall promptly give notice of any such
subpoena or court order by fax transmission to the Company. APS and the Temporary Staff may make
reasonable disclosures of Information to third parties in connection with the performance of APS’
obligations and assignments hereunder. In addition, APS and the Temporary Staff will have the
right to disclose to prospective clients on an individual basis (e.g., not as part of any
marketing materials or a general solicitation) only that it provided services to the Company, but
shall not provide any other information about its involvement with the Company.

The Company acknowledges that all information (written or oral), including advice and Work Product
(as defined in Section 5), generated by APS and the Temporary Staff in connection with this
engagement is intended solely for the benefit and use of the Company (limited to its management
and its Board of Directors) in connection with the transactions to which it relates. The Company
agrees that no such information shall be used for any other purpose or reproduced, disseminated,
quoted or referred to with attribution to APS at any time in any manner or for any purpose without
APS’ prior approval except as required by law.

Section 5. Intellectual Property

All methodologies, processes, techniques, ideas, concepts, know-how, procedures, software, tools,
writings and other intellectual property that APS has created, acquired or developed prior to the
date of this Agreement are, and shall remain, the sole and exclusive property of APS, and the
Company shall not acquire any interest therein. APS shall be free to use all methodologies,
processes, techniques, ideas, concepts, know-how, procedures, software, tools, writings and other
intellectual property that APS may create or develop in connection with this engagement, subject
to its duty of confidentiality to the extent that the

 

 

AP Services, LLC

General Terms and Conditions

same contain information or materials furnished to APS by the Company that constitute
Information referred to in Section 4 above. Except as provided above, all information, reports,
materials, software and other work product that APS creates or develops specifically for the
Company as part of this engagement (collectively known as “Work Product”) shall be owned by the
Company and shall constitute Information referred to in Section 4 above. APS may retain copies of
the Work Product subject to its obligations under Section 4 above.

Section 6. Framework of the Engagement

The Company acknowledges that it is retaining APS to provide the Temporary Staff solely to assist
the Company as described in the Agreement. This engagement shall not constitute an audit, review
or compilation, or any other type of financial statement reporting engagement.

Section 7. Indemnification and Other Matters

The Company shall indemnify, hold harmless and defend APS and its affiliates and its and their
partners, directors, officers, owners, Temporary Staff and agents (collectively, the
“indemnitees”) from and against all claims, liabilities, losses, expenses and damages arising out
of or in connection with the engagement of APS that is the subject of the Agreement. The Company
shall pay damages and expenses as incurred, including reasonable legal fees and disbursements of
counsel and the costs of APS’ professional time (APS’ professional time will be reimbursed at APS’
rates in effect when such future time is required), relating to or arising out of the engagement,
including any legal proceeding in which an indemnitee may be required or agree to participate but
in which it is not a party. The indemnitees may, but are not required to, engage a single firm of
separate counsel of their choice in connection with any of the matters to which this
indemnification agreement relates.

The Company shall use its best efforts to specifically include and cover, as a benefit for their
protection, Temporary Staff serving as directors or officers of the Company or affiliates from
time to time with direct coverage as named insureds under the Company’s policy for directors’ and
officers’ (“D&O”) insurance. The Company will maintain such D&O insurance coverage for the period
through which claims can be made against such persons. The Company disclaims a right to
distribution from the D&O insurance coverage with respect to such persons. In the event that the
Company is unable to include Temporary Staff under the Company’s policy or does not have first
dollar coverage acceptable to APS in effect for at least $10 million (e.g., such policy is not
reserved based on actions that have been or are expected to be filed against officers and
directors alleging prior acts that may give rise to a claim), APS may, at its option, attempt to
purchase a separate D&O policy that will cover the Temporary Staff only. The cost of same shall be
invoiced to the Company as an out-of -pocket cash expense. If APS is unable to purchase such D&O
insurance, then APS reserves the right to terminate the Agreement.

APS is not responsible for any third-party products or services. The Company’s sole and exclusive
rights and remedies with respect to any third party products or services are against the
third-party vendor and not against APS, whether or not APS is instrumental in procuring the
third-party product or service.

APS shall not be liable to the Company except for actual damages resulting from bad faith,
self-dealing, intentional misconduct or gross negligence.

Section 8. Governing Law and Arbitration

The Agreement is governed by and shall be construed in accordance with the laws of the State of
Michigan with respect to contracts made and to be performed entirely therein and without regard to
choice of law or principles thereof.

Any controversy or claim arising out of or relating to the Agreement, or the breach thereof, shall
be settled by arbitration. Each party shall appoint one non-neutral arbitrator. The two party
arbitrators shall select a third arbitrator. If within 30 days after their appointment the two
party arbitrators do not select a third arbitrator, the third arbitrator shall be selected by the
American Arbitration Association (AAA). The arbitration shall be conducted in Southfield, Michigan
under the AAA’s Commercial Arbitration Rules, and the arbitrators shall issue a reasoned award.
The arbitrators may award costs and attorneys’ fees to the prevailing party. Judgment on the award
rendered by the arbitrators may be entered in any court having jurisdiction thereof. However, in
the event the Company files under Chapter 11, the Company and APS agree that the Bankruptcy Court
shall have jurisdiction over any and all matters arising under or in connection with this
Agreement, including the indemnification provisions outlined in Section 7, above.

Section 9. Termination and Survival

The Agreement may be terminated at any time by written notice by one party to the other; provided,
however, that notwithstanding such termination APS will be entitled to any fees and expenses due
under the provisions of the Agreement, including Success Fee and Break Fee in accordance with
Schedule 1. Such payment obligation shall inure to the benefit of any successor or assignee of
APS.

Additionally, unless the Agreement is terminated by the Company for Cause (as defined below) or
due to circumstances described in the Success Fee provision in the Agreement, APS shall remain
entitled to the Success Fee(s) that otherwise would be payable for the greater of 12 months from
the date of termination or the period of time that that has elapsed from the date of the Agreement
to the date of termination. Cause shall mean:

(a) a Temporary Staff member acting on behalf of the Company is convicted of a felony, or

(b) it is determined in good faith by the Board of Directors of the Company after 30 days notice and

 

 

AP Services, LLC

General Terms and Conditions

opportunity to cure, that either (i) a
Temporary Staff member is engaging in
misconduct injurious to the Company, or (ii) a
Temporary Staff member is breaching any of his
or her material obligations under this
Agreement, or (iii) a Temporary Staff member
is willfully disobeying a lawful direction of
the Board of Directors or senior management of
the Company.

Sections 2, 4, 5, 7, 8, 9 and 10 of these
Terms, the provisions of Schedule 1 and the
obligation to pay accrued fees and expenses
shall survive the expiration or termination
of the Agreement.

Section 10. General

Severability. If any portion of the Agreement
shall be determined to be invalid or
unenforceable, the remainder shall be valid
and enforceable to the maximum extent
possible.

Entire Agreement. These Terms, the letter
agreement into which they are incorporated,
the Schedule(s) and Exhibit to such letter
agreement contain the entire understanding of
the parties relating to the services to be
rendered by APS and the Temporary Staff and
may not be amended or modified in any respect
except in a writing signed by the parties.
APS is not responsible for performing any
services not specifically described in the
Agreement or in a subsequent writing signed
by the parties.

Joint and Several. If more than one company
signs this Agreement, the liability of each
company shall be joint and several.

Limit of Liability. APS shall not be liable
for incidental or consequential damages under
any circumstances, even if it has been
advised of the possibility of such damages.
APS’ liability, whether in tort, contract, or
otherwise, is limited to the amount of fees
paid to APS for services on this engagement.

Notices. All notices required or permitted to
be delivered under the Agreement shall be
sent, if to APS, to:

AP Services, LLC 

2000 Town Center, Suite 2400

Southfield, MI 48075

Attention: General Counsel

and if to the Company, to the address set
forth in the Agreement, to the attention of
the Company’s General Counsel, or to such
other name or address as may be given in
writing to the other party. All notices under
the Agreement shall be sufficient if
delivered by facsimile or overnight mail. Any
notice shall be deemed to be given only upon
actual receipt..

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