THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “ Agreement ”), dated as of January 31,
2007 is entered into by and between BTHC XI, Inc. , a Delaware corporation (together with its subsidiaries, the
“ Company ”), and Brad Bernstein (the “ Employee ”).
W I T N E S S E T H:
WHEREAS, the Employee desires to serve the Company as President and Chief Financial Officer; and
WHEREAS, the Company desires to employ the Employee as President and Chief Financial Officer.
NOW THEREFORE in consideration of the mutual benefits to be derived from this Agreement, the
Company and the Employee hereby agree as follows:
Term of Employment; Office and Duties .
Commencing on the date hereof, and for an initial term ending January 31, 2010, the
Company shall employ the Employee as President and Chief Financial Officer, with such duties and
responsibilities consistent with such position as may from time to time be assigned to the Employee by the
Company’s Board of Directors. The Employee agrees to perform such duties and discharge such responsibilities
in accordance with the terms of this Agreement. This Agreement shall be automatically renewed for additional
one year terms unless either party notifies the other, in writing, at least 60 days prior to the expiration of the term,
of such party’s intention not to renew this Agreement. The period that the Employee serves as an employee of the
Company pursuant to this Agreement, including as a result of any extension of the initial term, shall be referred to
as the “ Employment Term .”
The Employee shall be required to devote his full business time and efforts to the
business and affairs of the Company other than during vacations and periods of illness or incapacity; provided
that it is understood and agreed that until such time as the sale of Preferred Labor, LLC is completed it is
expected that the Employee shall continue to provide minimal services to Preferred Labor, LLC, including in