Ppoa Holding, Inc. – Chief Restructuring Officer Engagement Letter Agreement (March 11th, 2010)
This letter confirms and sets forth the terms and conditions of my engagement as the Chief Restructuring Officer by the Company, including the scope of the services to be performed and the basis of compensation for those services. The Company is currently operating as a debtor in possession under Chapter 11 of title 11 (the Bankruptcy Code) in the United States Bankruptcy Court for the Southern District of Florida (the Bankruptcy Court), in Case No. 10-10722-BKC-JKO (Jointly Administered) (the Chapter 11 Cases). Upon execution of this letter by each of the parties below, and entry of the Approval Order (as defined below), this letter shall constitute an agreement between the Company and myself. The Company sold substantially all of its assets on March 5, 2010, and is pursuing an orderly liquidation of its remaining assets in the Chapter 11 Cases (the Orderly Liquidati on).