Exhibit 10.13
April 18, 2007
Michael E. Foss
Chief Financial Officer
Circuit City Stores, Inc.
9950 Mayland Drive
Richmond, VA 23233-1464
Consulting
Agreement
Dear Mike:
This letter memorializes our
discussions concerning your retention by Circuit City Stores, Inc.
(“the Company”) to perform certain consulting services
for the Company, its affiliates and subsidiaries.
1. Engagement and Duties .
Through June 26, 2007, you will provide to the Company the
following consulting services, in each case at the request of the
Board of Directors (“Board”) and/or the Chief Executive
Officer of the Company: (i) assist the Company in the
transition to a new Chief Financial Officer, (ii) serve as the
principal financial officer of the Company through April 30,
2007 and assist the Company in the preparation of the filing with
the Securities and Exchange Commission of the Annual Report on Form
10-K for the fiscal year ended February 28, 2007, the 2007
proxy statement and annual report to shareholders, and
(iii) execute and deliver to the Company certifications in the
form set forth in Items 601(b)(31) and (32) of SEC Regulation
S-K to be filed as exhibits to the Company’s Annual Report on
Form 10-K, and (iv) consult on other matters within your
knowledge and experience relating to the business of the Company as
may be reasonably requested from time to time during the term of
this letter agreement. Subparagraphs (i) through
(iv) shall be referred to herein collectively as
“Services.”
2. Manner of Performance .
You agree to perform all Services and related duties that may be
required of you pursuant to the terms hereof to the reasonable
satisfaction of the Company. You will not take any action that
would be adverse to the Company’s business interests or that
may subject you, the Company or any of its affiliates to civil or
criminal liability. You agree to comply in full with all applicable
laws, ethical standards, rules and regulations in the course of
performing your obligations hereunder. You agree that you will
comply with the Company’s
