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This excerpt taken from the GPS 10-Q filed Jun 9, 2009. 9.3 Appointment as Limited Agent Gap hereby appoints Supplier as Gaps limited agent for managing any agreements covering services or systems provided to Gap by a Managed Strategic Supplier. Gap agrees promptly to notify all appropriate third parties in writing of the nature and scope of such appointment of Supplier. Suppliers appointment as Gaps limited agent shall not include the authority to obligate Gap to pay any fees, costs or other expenses without obtaining in advance a Gap Approval. Suppliers appointment as Gaps limited agent as to a Managed Strategic Supplier or as to a specific applicable agreement between Gap and a Managed Strategic Supplier may be terminated by Gap. Any change by Gap to an existing Managed Strategic Supplier relationship or termination of Suppliers status as limited agent as to such Managed Strategic Supplier shall be subject to an appropriate modification to Suppliers rights and obligations under this Agreement. Gap agrees to cooperate with Supplier in its role as Gaps limited agent with respect to a Managed Strategic Supplier. As of the Reference Date, Gap is not aware of any material breach under any Managed Strategic Supplier agreement nor are there any disputes pending in dispute resolution. |
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