NORTEK HOLDINGS INC
EXHIBIT 10.19
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<TYPE>EX-10
<SEQUENCE>13
<FILENAME>ex10_19hold.htm
<DESCRIPTION>EXHIBIT 10.19
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<H5 ALIGN="RIGHT"><FONT FACE="Arial, Helvetica, Sans-Serif"><B>Exhibit 10.19</B></FONT></H5>

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<H4 ALIGN="CENTER"><FONT FACE="Arial, Helvetica, Sans-Serif"><B>EQUITY SUBSCRIPTION
AGREEMENT</B></FONT></H4>

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<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">This
Equity Subscription Agreement (the &quot;<U>Agreement</U>&quot;) is made and entered into as of
July 11, 2003 between Nortek Holdings, Inc., a Delaware corporation (the
&quot;<U>Company</U>&quot;) and Jeremy Burkhardt (the &quot;<U>Investor</U>&quot;).</FONT></FONT> </P>

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<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">The
Investor desires to invest $999,994 (the &quot;<U>Investment Amount</U>&quot;) in the Company's
Class A Common Stock at a per share purchase price equal to $46.00. Accordingly, the
Company and the Investor hereby agree as follows:</FONT></FONT> </P>

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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">1. </FONT></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Closing.</U></FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(1) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"><U>Subscription</U>.
Upon the terms and subject to the conditions set forth herein, the Investor hereby
subscribes for and agrees to purchase, and the Company does hereby agree to sell to the
Investor and deliver to the Investor 21,739 shares of the Company's Class A Common  Stock
(the &quot;<U>Shares</U>&quot;) for a per share purchase price equal to $46.00.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(2) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"><U>Ancillary
Agreements</U>. The Investor shall execute the Nortek Holdings, Inc. Stockholders
Agreement  dated as of January 9, 2003 (the &quot;<U>Stockholders Agreement</U>&quot;)
and the Nortek  Holdings, Inc. Registration Rights Agreement dated as of January 9, 2003
(the  &quot;<U>Registration Rights Agreement</U>&quot;) and the Investor shall be treated
as a  &quot;Management Stockholder&quot; (as defined in the Stockholders Agreement) for
all  purposes of the Stockholders Agreement and the Registration Rights Agreement.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">2. </FONT></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Representations
and Warranties of the Investor</U>. The Investor represents and warrants as follows:</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="10%">&nbsp;</TD>
     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(1) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"><U>Federal
Securities Laws Matters</U>. The Investor acknowledges receipt of advice from the Company
that (i) the Shares have not been registered under the Securities Act of 1933 (the  &quot;<U>Securities
Act</U>&quot;), (ii) the Shares must be held indefinitely and the Investor  must continue
to bear the economic risk of the investment therein, unless such Shares  are subsequently
registered under the Securities Act, or an exemption from such  registration is available
at this time, (iii) it is not anticipated that there will be  any public market for the
Shares in the foreseeable future, (iv) Rule 144 promulgated  under the Securities Act
will not be available in the foreseeable future with respect to  the sales of any Shares
and the Company has not made any covenant to make such rule  available at this time, (v)
when and if the Shares may be disposed of without  registration in reliance upon Rule
144, such disposition can be made only in limited  amounts and in accordance with the
terms and conditions of such rule, (vi) if the  exemption afforded by Rule 144 is not
available, public sale of the Shares without  registration will require the availability
of an exemption under the Securities Act,  (vii) the restrictive legend in the form set
forth in the Stockholders Agreement shall  be placed on the certificate(s) representing
the Shares and (viii) a notation shall be  made in the appropriate records of the Company
indicating that the Shares are subject to  restrictions on transfer and, if the Company
should in the future engage the services of  a stock transfer agent, appropriate
stop-transfer restrictions will be issued to such  transfer agent with respect to the
Shares.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(2) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Investor
Status</U>. Either (i) the Investor is an &quot;accredited investor&quot; as such term is
defined in Rule 501(a) promulgated under the Securities Act or (ii) (A) the Investor's
financial situation is such that the Investor can afford to bear the economic risk of
investing in the Company for an indefinite period of time, (B) the Investor can afford
to suffer complete loss of its investment in the Shares, (C) the Investor's knowledge and
experience in financial and business matters are such that the Investor is capable of
evaluating the merits and risks of the Investor's investment in the Shares, and (D) the
Investor understands and has taken cognizance of all the risk factors related to the
purchase of the Shares.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(3) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Due
Execution and Delivery</U>. The Investor has duly executed and delivered this Agreement
and  has executed, or will execute, the Stockholders Agreement and the Registration
Rights  Agreement; this Agreement and, when executed, the Stockholders Agreement and the
Registration Rights Agreement, constitute legal, valid and binding obligations of the
Investor, enforceable in accordance with their respective terms; and no consent,
approval, authorization, order, filing, registration or qualification of or with any
court, governmental authority or third person is required to be obtained by the Investor
in connection with the execution and delivery of this Agreement, the Stockholders
Agreement or the Registration Rights Agreement, or the performance of the Investor's
obligations hereunder or thereunder.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">3. </FONT></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Representations
and Warranties of the Company</U>. The Company represents and warrants as follows:</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="10%">&nbsp;</TD>
     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(1) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Organization
Form</U>. The Company is a corporation duly organized, validly existing and in good
standing  under the laws of the State of Delaware and has all requisite power and
authority to own  or lease and operate its properties and to carry on its business as now
conducted.  Since January 9, 2003, the Company has not paid a dividend or made any other
distribution with respect to its shares of common stock in shares of its capital stock
or subdivided its outstanding common stock.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(2) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Authority</U>.
The Company has all requisite power and authority to enter into and perform all of its
obligations under this Agreement and to carry out the transactions contemplated hereby,
including all requisite power and authority to issue the Shares. The Shares, when
issued, delivered and paid for in accordance with the terms hereof, will be duly and
validly issued, fully paid and nonassessable.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(3) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Actions
Authorized</U>. The Company has taken all corporate actions necessary to authorize it to
enter into and perform its obligations under this Agreement and to consummate the
transactions contemplated hereby. This Agreement has been duly executed and delivered  by
the Company and constitutes a legal, valid and binding obligation of the Company
enforceable in accordance with its terms.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(4) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Due
Execution and Delivery</U>. The Company has duly executed and delivered this Agreement
and  the Company has executed, or will execute, the Stockholders Agreement and the
Registration Rights Agreement; this Agreement constitutes a legal, valid and binding
obligation of the Company and, when executed, the Stockholders Agreement and the
Registration Rights Agreement constitute legal, valid and binding obligations of the
Company, each enforceable in accordance with their respective terms; and no consent,
approval, authorization, order, filing, registration or qualification of or with any
court, governmental authority or third person is required to be obtained by the Company
in connection with the execution and delivery of this Agreement, or by the Company in
connection with the execution and delivery of the Stockholders Agreement or the
Registration Rights Agreement or the performance of the Company's obligations hereunder
or thereunder.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(5) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Required
Filings and Approvals</U>. The execution and delivery of this Agreement by the Company
and  the consummation of the transactions contemplated hereby do not require a consent,
approval or authorization of, or filing, registration or qualification with, any
governmental authority on the part of the Company.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(6) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>No
Conflicts</U>. Neither the execution, delivery or performance of this Agreement or the
consummation of the transactions contemplated hereby, by the Company will conflict with
the certificate of incorporation or by-laws of the Company, or, except as would not be
reasonably expected to have a material adverse effect, result in any breach of, or
constitute a default under any contract, agreement or instrument to which the Company is
a party or by which it or any of its assets is bound.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">4. </FONT></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Miscellaneous</U>.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(1) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Binding
Effect; Benefits</U>. This Agreement shall be binding upon and inure to the benefit of
the  parties to this Agreement and their respective successors and assigns. Nothing in
this  Agreement, express or implied, is intended or shall be construed to give any person
other than the parties to this Agreement and their respective successors or permitted
assigns any legal or equitable right, remedy or claim under or in respect of any
agreement or any provision contained herein.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="10%">&nbsp;</TD>
     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(2) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Waiver</U>.
Either party hereto may by written notice to the other (i) extend the time for the
performance of any of the obligations or other actions of the other party under this
Agreement; (ii) waive compliance with any of the conditions or covenants of the other
party contained in this Agreement; and (iii) waive or modify performance of any of the
obligations of the other party under this Agreement. Except as provided in the  preceding
sentence, no action taken pursuant to this Agreement, including, without  limitation, any
investigation by or on behalf of either party, shall be deemed to  constitute a waiver by
the party taking such action of compliance with any  representations, warranties,
covenants or agreements contained herein. The waiver by  either party hereto of a breach
of any provision of this Agreement shall not operate or  be construed as a waiver of any
preceding or succeeding breach and no failure by either  party to exercise any right or
privilege hereunder shall be deemed a waiver of such  party's rights or privileges
hereunder or shall be deemed a waiver of such party's  rights to exercise the same at any
subsequent time or times hereunder.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(3) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Amendments</U>.
Neither this Agreement nor any term or provision hereof may be amended, modified, waived
or supplemented orally, but only by a written instrument executed by the parties hereto.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(4) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Assignability</U>.
Neither this Agreement nor any right, remedy, obligation or liability arising hereunder
or by reason hereof shall be assignable by either the Company or the Investor without the
prior written consent of the other parties hereto.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(5) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>Applicable
Law</U>. This Agreement shall be governed by and construed in accordance with the law of
the  State of Delaware, regardless of the law that might be applied under principles of
conflicts of law.</FONT></FONT> </P></TD>
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     <TD ALIGN="LEFT" WIDTH="5%"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">(6) </FONT></FONT></TD>
     <TD WIDTH="85%"><P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2"> <U>No
Additional Representations</U>. The Company is not making any representations or
warranties  with respect to the Company or the merits of the Investor's investment
therein.</FONT></FONT> </P></TD>
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<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Arial, Helvetica, Sans-Serif"><FONT SIZE="2">IN
WITNESS WHEREOF, the Company and the Investor have executed this Agreement as of the date
first above  written.</FONT></FONT> </P>


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NORTEK HOLDINGS, INC.</FONT></FONT> </P></TD>
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By: <u>&nbsp;&nbsp;\s\ Kevin W. Donnelly</U></FONT></FONT> </P></TD>
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Name: Kevin W. Donnelly</FONT></FONT> </P></TD>
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Title:
Vice President and Secretary</FONT></FONT> </P></TD>
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By: <u>&nbsp;&nbsp;\s\ Jeremy Burkhardt</U></FONT></FONT> </P></TD>
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Jeremy Burkhardt</FONT></FONT> </P></TD>
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