MAGNETEK INC
EX-10.2
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>j2372_ex10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<html>



<head>



<title>Prepared by MERRILL CORPORATION</title>



</head>



<body>



<div class="Section1">



<h1 style="font-size:12.0pt;margin-bottom:.25in;margin-left:.5in;margin-right:.5in;margin-top:0in;page-break-after:auto;punctuation-wrap:simple;text-align:center;text-autospace:none;text-indent:0in;text-transform:uppercase;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;text-transform:none">CHANGE OF CONTROL AGREEMENT<br>

EXHIBIT 10.2</font></font></b></h1>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">This Change of Control Agreement (&quot;Agreement&quot;) is entered

into on October 31, 2001 by and between Richard L. Pratt, an individual (the

&quot;Executive&quot;), and MagneTek, Inc., a Delaware corporation (the

&quot;Company&quot;).</font></font></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:center;text-autospace:none;text-indent:0in;"><u><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">RECITALS</font></font></u></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">WHEREAS, the Board of Directors of the Company (the &quot;Board&quot;)

recognizes that the possibility of a Change of Control (as hereinafter defined)

exists and that the threat or the occurrence of a Change of Control can result

in significant distractions of its key management personnel because of the

uncertainties inherent in such a situation;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">WHEREAS, the Board has determined that it is essential and in the best

interest of the Company and its stockholders to retain the services of the

Executive in the event of a threat or occurrence of a Change of Control and to

ensure the Executive's continued dedication and efforts in such event without

undue concern for personal financial and employment security; and</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">WHEREAS, in order to induce the Executive to remain in the employ of

the Company, particularly in the event of a threat or the occurrence of a

Change of Control, the Company desires to enter into this Agreement with the

Executive to provide the Executive with certain benefits in the event his or

her employment is terminated as a result of, or in connection with, a Change of

Control.</font></font></p>



<p align="center" style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:center;text-autospace:none;text-indent:0in;"><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt">AGREEMENT</font></font></u></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">NOW THEREFORE, in consideration of the mutual covenants set forth

herein, and for other good and valuable consideration, receipt of which is

hereby acknowledged, the parties do hereby agree as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Term

of Agreement</u>.&#160; This Agreement shall

commence as of the date hereof and shall continue in effect until November 1,

2002; <i><font style="font-style:italic">provided</font></i>,

<i><font style="font-style:italic">however</font></i>,

that on November 1, 2002 and on each anniversary thereof, the term of this

Agreement shall automatically be extended for one year unless either the

Company or the Executive shall have given written notice to the other prior

thereto that the term of this Agreement shall not be so extended; <i><font style="font-style:italic">provided</font></i>,

<i><font style="font-style:italic">further</font></i>,

<i><font style="font-style:italic">however</font></i>,

that notwithstanding any such notice by the Company or the Executive not to

extend, the term of this Agreement shall not expire prior to the second

anniversary of a Change of Control Date.&#160;

The benefits payable pursuant to Section&nbsp;2 hereof shall be due in

all events if a Change of Control occurs during the term of this Agreement, and

a Change of Control will be deemed to have occurred during the term hereof if

an agreement for a transaction resulting in a Change of Control is entered into

during the term hereof, notwithstanding that the Change of Control Date occurs

after the expiration of the term of this Agreement.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;punctuation-wrap:simple;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Benefits Upon Change of Control</u>.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Events Giving Rise to Benefits</u>.&#160; The Company agrees to pay or cause to be

paid to the Executive the benefits specified in this Section&nbsp;2 if

(i)&nbsp;there is a Change of Control, and (ii)&nbsp;within the Change of

Control Period, (a)&nbsp;the Company or the Successor terminates the employment

of the Executive for any reason other than Cause, death or Disability or (b)&nbsp;the

Executive voluntarily terminates employment for Good Reason.</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:

'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;">&nbsp;</p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Benefits Upon Termination of

Employment</u>.&#160; If the Executive is

entitled to benefits pursuant to this Section&nbsp;2, the Company agrees to pay

or provide to the Executive as severance payment, the following:</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A single lump sum payment, payable

in cash within five days of the Termination Date<br>

(or if later, the Change of Control Date), equal to the sum of:</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the accrued portion of any of the

Executive's unpaid base salary and vacation through the Termination Date and

any unpaid portion of the Executive's bonus for the prior fiscal year; plus</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; a portion of the Executive's bonus

for the fiscal year in progress, prorated based upon the number of days elapsed

since the commencement of the fiscal year and calculated assuming that 100% of

the target under the bonus plan is achieved; plus</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(C)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; an amount equal to the Executive's

Base Compensation times the Compensation Multiplier.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Continuation, on the same basis as if

the Executive continued to be employed by the Company, of Benefits for the

Benefit Period commencing on the Termination Date.&#160; The Company's obligation hereunder with respect to the foregoing

Benefits shall be limited to the extent that the Executive obtains any such

benefits pursuant to a subsequent employer's benefit plans, in which case the

Company may reduce the coverage of any Benefits it is required to provide the

Executive hereunder as long as the aggregate coverages and benefits of the

combined benefit plans is no less favorable to the Executive than the Benefits

required to be provided hereunder.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Outplacement services to be provided

by an outplacement organization of national repute, which shall include the

provision of office space and equipment (including telephone and personal

computer) but in no event shall the Company be required to provide such

services for a value exceeding 17% of the Executive's Base Compensation.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Accelerated vesting of all outstanding

stock options and of all previously granted restricted stock awards.</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:

'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Definitions</u>.&#160;

When used in this Agreement, the following terms have the meanings set

forth below:</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Base

Compensation</u>&quot; means the sum of (i)&nbsp;the Executive's annual salary

in effect on the earlier of the Change of Control Date and the Termination Date

and (ii)&nbsp;100% of the target under the bonus plan for the fiscal year

during which the Change of Control Date occurs.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Benefits</u>&quot;

means benefits that would be available under the Company's Medical Plan, Dental

Plan, Life Insurance and Disability Insurance Plans and any similar health and

welfare plan of the Company.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Benefit Period</u>&quot;

means 18 months.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Cause</u>&quot;

means:&#160; (A)&nbsp;conviction of a felony

or misdemeanor involving moral turpitude, or (B)&nbsp;willful gross neglect or

willful gross misconduct in carrying out the Executive's duties, resulting in

material economic harm to the Company or any Successor.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Change of

Control</u>&quot; means (i)&nbsp;any event described in Section&nbsp;11.2 of

the 1999 Stock Incentive Plan of the Company or any event so defined in any

stock incentive or similar plan adopted by the Company in the future unless, in

either case, such event occurs in connection with a Distress Sale and

(ii)&nbsp;any event which results in the Board ceasing to have at least a

majority of its members be &quot;continuing directors.&quot;&#160; For this purpose, a &quot;continuing

director&quot; shall mean a director of the Company who held such position on

June&nbsp;1, 2001 or who thereafter was appointed or nominated to the Board by

a majority of continuing directors.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Change of

Control Date</u>&quot; means the date on which a Change of Control is

consummated.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Change of Control Period</u>&quot; means the

period commencing on the earlier of (i)&nbsp;180 days prior to the Change of

Control Date and (ii)&nbsp;the announcement of a transaction expected to result

in a Change of Control, and ending on the second anniversary of the Change of

Control Date.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Code</u>&quot; means the Internal Revenue

Code of 1986, as amended.&#160; References

herein to a specific section of the Code shall be deemed to include comparable

or analogous provisions of state, local and foreign law.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Compensation

Multiplier</u>&quot; means 1.5.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Disability</u>&quot; means the inability of

the Executive due to illness (mental or physical), accident, or otherwise, to

perform his or her duties for any period of 180 consecutive days, as determined

by a qualified physician.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Distress

Sale</u>&quot; means a Change of Control occurring within 18 months of any of

the following:&#160; (i)&nbsp;the Company's

independent public accountants shall have made a &quot;going concern&quot;

qualification in their audit report (other than by reason of extraordinary occurrences,

such as material litigation, not attributable to poor management practices);

(ii)&nbsp;the Company shall lack sufficient capital for its operations by

reason of termination of its existing credit lines or the Company's inability

to secure credit facilities upon acceptable terms; or (iii)&nbsp;the Company

shall have voluntarily sought relief under, consented to or acquiesced in the

benefit of application to it of the Bankruptcy Code of the United States of

America or any other liquidation, conservatorship, bankruptcy, moratorium,

rearrangement, receivership, insolvency, reorganization, suspension of payments

or similar laws, or shall have been the subject of proceedings under such laws

(unless the applicable involuntary petition is dismissed within 60 days after

its filing).</font></font></p>



<font size="3" face="Times New Roman"><font style="font-size:12.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Good

Reason</u>&quot; means (A)&nbsp;without the Executive's prior written consent,

assignment to the Executive of duties materially inconsistent in any respect

with his or her position immediately prior to the Change of Control Date or any

other action by a Successor that results in a material diminution in the

Executive's position, authority, duties, responsibilities, annual base salary

or target bonus when compared with the same immediately prior to the Change of

Control Date; or (B)&nbsp;assignment of the Executive, without his or her prior

written consent, to a place of business that is not within the metropolitan

area of the Executive's current place of business.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Stay and Pay

Agreement</u>&quot; means a &quot;stay and pay&quot; or retention agreement

entered into in contemplation of a sale by the Company of a division or

business unit.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Successor</u>&quot;

means any acquiror of all or substantially all of the stock, assets or business

of the Company.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;<u>Termination Date</u>&quot;

means the last day of the Executive's employment.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Eligibility; Effect on Other

Agreements and Plans.</u></font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event the Executive is also a

party to a Stay and Pay Agreement or severance agreement and becomes entitled

to any payment thereunder, this Agreement shall be null and void and the

Executive shall not be entitled to any payment or benefit hereunder.&#160; Nothing in this Agreement shall prevent or

limit the Executive's continuing or future participation in any benefit, bonus,

incentive or other plan or program provided by the Company and for which the

Executive may qualify, nor shall anything herein limit or reduce such rights as

the Executive may have under any other agreements with the Company.&#160; Amounts that are vested benefits or that the

Executive is otherwise entitled to receive under any plan or program of the

Company shall be payable in accordance with such plan or program, except as

explicitly modified by this Agreement.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Plan Amendments</u>.&#160; The Company shall adopt such amendments to

its employee benefit plans and insurance policies, including, without

limitation, the Plans, as are necessary to effectuate the provisions of this

Agreement.&#160; If and to the extent any

benefits under Section&nbsp;2 are not paid or payable or otherwise provided to

the Executive or his or her dependents or beneficiaries under any such plan or

policy (whether due to the terms of the plan or policy, the termination

thereof, applicable law, or otherwise), then the Company itself shall pay or

provide for such benefits (including any gross-up needed to account for the

less favorable tax treatment if the payments are made from the Company and not

from the Plans or other employee benefit plans).</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Golden Parachute Tax</u>.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If

the Value (as hereinafter defined) attributable to the payments and benefits

provided in Section&nbsp;2 above, without regard to this Section&nbsp;5

(&quot;Agreement Payments&quot;), in combination with the Value attributable to

other payments or benefits in the nature of compensation to or for the benefit

of Executive (including but not limited to the value attributable to

accelerated vesting of options and, collectively with Agreement Payments,

&quot;Payments&quot;) would, but for this Section&nbsp;5, constitute an

&quot;excess parachute payment&quot; under Code Section&nbsp;280G, then

Agreement Payments will be made to the Executive under Section&nbsp;2 hereof

only to the extent provided in this Section 5.&#160;

If (i)&nbsp;the excess of the Value of all Payments over the sum of all

taxes (including but not limited to income and excise taxes under Code

Section&nbsp;4999) that would be payable by the Executive with respect to such

Payments, is equal to or greater than 110% of (ii)&nbsp;the excess of the

greatest Value of all such Payments that could be paid to or for the benefit of

the Executive and not result in an &#147;excess parachute payment&#148; (the

&quot;Cap&quot;), over the amount of taxes that would be payable by Executive

thereon, then the full amount of Agreement Payments shall be paid to the

Executive.&#160; Otherwise, Agreement

Payments shall be made only to the extent that such payments cause the Value of

all Payments to equal the Cap.</font></font></p>



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'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; For

purposes of this Section&nbsp;5, the Company and the Executive hereby

irrevocably appoint the persons who constituted the Compensation Committee of

the Board immediately prior to the Change of Control, or a three person panel

named by a majority of them, as arbitrators (the &quot;Arbitrators&quot;) to

make all determinations required under this Section&nbsp;5, including but not

limited to the Value of all Payments (and the components thereof) and the

amount and nature of any reduction of Agreement Payments required by this

Section&nbsp;5.&#160; For purposes of this

Section 5, &quot;Value&quot; shall mean value as determined by the Arbitrators

applying the valuation procedures and methodologies established pursuant to

Code Section&nbsp;280G, including any non-binding interpretive guidance as the

Arbitrators determine appropriate.&#160; The

determinations of the Arbitrators shall be final and binding on both the

Company and Executive, and their successors, assignees, heirs and

beneficiaries, for purposes of determining the amount payable under

Section&nbsp;2.&#160; All fees and expenses

of the Arbitrators (including attorneys' and accountants' fees) shall be borne

by the Company.&#160; The arbitrators will be

compensated, to the extent they are not then members of the Board's

Compensation Committee, at the rates at which they would have been compensated

for their work as Committee members in effect immediately prior to the Change

of Control Date.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Employment At-Will</u>.&#160; Notwithstanding anything to the contrary contained herein, the

Executive's employment with the Company is not for any specified term and may

be terminated by the Executive or by the Company at any time, for any reason,

with or without cause, without liability except with respect to the payments

provided hereunder or as required by law or any other contract or employee benefit

plan.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>General</u>.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Entire Agreement</u>.&#160; This document constitutes the final,

complete, and exclusive embodiment of the entire agreement and understanding

between the parties related to the subject matter hereof and supersedes and

preempts any prior or contemporaneous understandings, agreements, or

representations by or between the parties, written or oral.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Successors and Assigns</u>.&#160; This Agreement is intended to bind and inure

to the benefit of and be enforceable by the Executive and the Company, and

their respective successors and assigns, except that the Executive may not

assign any of his or her duties hereunder and he or she may not assign any of

his or her rights hereunder without the prior written consent of the Company.</font></font></p>



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'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Amendments</u>.&#160; No amendments or other modifications to this

Agreement may be made except by a writing signed by both parties.&#160; No amendment or waiver of this Agreement

requires the consent of any individual, partnership, corporation or other

entity not a party to this Agreement.&#160;

Nothing in this Agreement, express or implied, is intended to confer

upon any third person any rights or remedies under or by reason of this

Agreement.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>No Amounts Due</u>.&#160; The Executive acknowledges that no payments

or benefits whatsoever shall become due hereunder in the absence of a Change of

Control.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>No Mitigation Obligation</u>.&#160; The parties hereto expressly agree that the

payment of the benefits by the Company to the Executive in accordance with the

terms of this Agreement will be liquidated damages, and that the Executive

shall not be required to mitigate the amount of any payment provided for in

this Agreement by seeking other employment or otherwise, nor shall any profits,

income, earnings or other benefits from any source whatsoever create any

mitigation, offset, reduction or any other obligation on the part of the

Executive hereunder or otherwise except as expressly provided in

Sections&nbsp;2(b)(ii) and 4(a).</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Changes to Benefits</u>.&#160; In the event that, within 90 days of the

execution of this Agreement, the Company enters into an agreement for a Change

of Control in connection with a merger to be accounted for as a &quot;pooling

of interests,&quot; the Board will be entitled to modify or reduce the payments

or benefits due hereunder, or to abrogate this Agreement entirely, if and to

the extent that Ernst &amp; Young opines to the Board such measures are

necessary in order to ensure that the proposed merger will be accounted for as

a &quot;pooling of interests.&quot;&#160; The

Board will have no such authority after such 90&#150;day period and, in the

event such merger does not eventuate or is ultimately not accounted for as a

&quot;pooling of interests,&quot; this Agreement, with or without any action by

the Board or the Executive, shall be automatically reinstated.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Choice of Law</u>.&#160; All questions concerning the construction,

validity and interpretation of this Agreement will be governed by the laws of

the State of Tennessee without giving effect to principles of conflicts of law.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>ERISA</u>.&#160; This Agreement is pursuant to the Company's

severance plan for Executives (the &quot;Plan&quot;) which is unfunded and

maintained by the Company primarily for the purpose of providing deferred

compensation for a select group of management or highly compensated employees.&#160; The Plan constitutes an employee welfare

benefit plan (&quot;Welfare Plan&quot;) within the meaning of Section&nbsp;3(1)

of the Employee Retirement Income Security Act of 1974, as amended

(&quot;ERISA&quot;).&#160; Any payments

pursuant to this Agreement which could cause the Plan not to constitute a

Welfare Plan shall be deemed instead to be made pursuant to a separate

&quot;employee pension benefit plan&quot; within the meaning of

Section&nbsp;3(2) of ERISA as to which the applicable portions of the document

constituting the Plan shall be deemed to be incorporated by reference.&#160; None of the benefits hereunder may be

assigned in any way.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Representation</u>.&#160; The Executive acknowledges that neither Tina

McKnight nor Gibson, Dunn &amp; Crutcher LLP has represented the Executive in

connection with this Agreement and that he or she has had the opportunity to

consult with counsel before executing this Agreement.</font></font></p>



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'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Mutual Non-Disparagement</u>.&#160; The Company and subsidiaries agree, and the

Company shall use its best efforts to cause its respective executive officers

and directors to agree, that they will not make or publish any statement

critical of the Executive, or in any way adversely affecting or otherwise

maligning the Executive's reputation.&#160;

The Executive agrees that he or she will not make or publish any statement

critical of the Company, its affiliates and their respective executive officers

and directors, or in any way adversely affecting or otherwise maligning the

business or reputation of the Company, its affiliates and subsidiaries and

their respective officers, directors and employees.</font></font></p>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Arbitration</u>.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except as provided in Section&nbsp;5

hereof, any disputes or claims arising out of or concerning the Executive's

employment or termination by the Company, whether arising under theories of

liability or damages based upon contract, tort or statute, will be determined

exclusively by arbitration before a single arbitrator in accordance with the

employment arbitration rules of the American Arbitration Association, except as

modified by this Agreement.&#160; The arbitrator's

decision will be final and binding on both parties.&#160; Judgment upon the award rendered by the arbitrator may be entered

in any court of competent jurisdiction.&#160;

In recognition of the fact that resolution of any disputes or claims in

the courts is rarely timely or cost effective for either party, the Company and

the Executive enter this mutual agreement to arbitrate in order to gain the

benefits of a speedy, impartial and cost-effective dispute resolution

procedure.&#160; The parties further intend

that the arbitration hereunder be conducted in as confidential a manner as is

practicable under the circumstances, and intend for the award to be

confidential unless that confidentiality would frustrate the purpose of the

arbitration or render the remedy awarded ineffective.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any arbitration will be held in Los

Angeles, California.&#160; The arbitrator

must be an attorney with substantial experience in employment matters, selected

by the parties alternately striking names from a list of five such persons

provided by the American Arbitration Association (AAA) office located nearest

to the place of employment, following a request by the party seeking

arbitration for a list of five such attorneys with substantial professional

experience in employment matters.&#160; If

either party fails to strike names from the list, the arbitrator will be

selected from the list by the other party.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each party will have the right to

take the deposition of one individual and any expert witness designated by the

other party.&#160; Each party will also have

the right to propound requests for production of documents to any party and the

right to subpoena documents and witnesses for the arbitration.&#160; Additional discovery may be made only where

the arbitrator selected so orders upon a showing of substantial need.&#160; The arbitrator will have the authority to

entertain a motion to dismiss and/or a motion for summary judgment by any party

and will apply the standards governing such motions under the Federal Rules of

Civil Procedure.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company and the Executive agree

that they will attempt, and they intend that they and the arbitrator should use

their best efforts in that attempt, to conclude the arbitration proceeding and

have a final decision from the arbitrator within 120 days from the date of

selection of the arbitrator; <i><font style="font-style:italic">provided, however</font></i>, that the arbitrator

will be entitled to extend such 120&#150;day period for one additional 120-day

period.&#160; The arbitrator will deliver a

written award with respect to the dispute to each of the parties, who must

promptly act in accordance therewith.</font></font></p>



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'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company will pay any and all

reasonable fees and expenses incurred by the Executive in seeking to obtain or

enforce any rights or benefits provided by this Agreement, including all

reasonable attorneys' and experts' fees and expenses, accountants' fees and

expenses, and court costs (if any) that may be incurred by the Executive in

pursuing a claim for payment of compensation or benefits or other right or

entitlement under this Agreement, <i><font style="font-style:italic">provided</font></i> that the Executive is successful

as to material issues, resulting in an award of at least $100,000.&#160; In addition, the Company will pay without

regard to the results of the arbitration all costs and fees not normally

associated with a civil proceeding, such as any fees charged by the arbitrator

or any room rental charges.</font></font></p>



<p align="left" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In a contractual claim under this

Agreement, the arbitrator must act in accordance with the terms and provisions

of this Agreement and applicable legal principles and will have no authority to

add, delete or modify any term or provision of this Agreement.&#160; In addition, the arbitrator will have no

authority to award punitive damages under any circumstances unless repudiating

the arbitrator's authority to do so would cause this arbitration clause to be

ruled ineffective under applicable law.</font></font></p>



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'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">IN

WITNESS WHEREOF, the parties have executed this Agreement effective as of the

date it is last executed below by either party.</font></font></p>



<table width="44%" style="width:44.46%;

 margin-left:300.7pt;border-collapse:collapse;">

 <tr>

  <td width="100%" colspan="4" valign="top" style="width:100.0%;border:none;

  border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="100%" colspan="4" valign="top" style="width:100.0%;border:none;padding:0in .7pt .7pt .7pt">

  <p align="center" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-autospace:none;text-indent:0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">RICHARD

  L. PRATT</font></font></b></p>

  </td>

 </tr>

 <tr>

  <td width="49%" colspan="3" valign="top" style="width:49.84%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

  <td width="50%" valign="top" style="width:50.16%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" colspan="3" valign="top" style="width:49.84%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">MAGNETEK,

  INC.</font></font></b></p>

  </td>

  <td width="50%" valign="top" style="width:50.16%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" colspan="3" valign="top" style="width:49.84%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

  <td width="50%" valign="top" style="width:50.16%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

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  <td width="49%" colspan="3" valign="top" style="width:49.84%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

  <td width="50%" valign="top" style="width:50.16%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

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  <td width="12%" valign="top" style="width:12.46%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt">By:</font></font></p>

  </td>

  <td width="87%" colspan="3" valign="top" style="width:87.54%;border:none;

  border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

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  <td width="22%" colspan="2" valign="top" style="width:22.44%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:20.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:-10.0pt;">&nbsp;</p>

  </td>

  <td width="77%" colspan="2" valign="top" style="width:77.56%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="22%" colspan="2" valign="top" style="width:22.44%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:20.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:-10.0pt;"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt">Name:</font></font></p>

  </td>

  <td width="77%" colspan="2" valign="top" style="width:77.56%;border:none;

  border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="22%" colspan="2" valign="top" style="width:22.44%;padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:20.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:-10.0pt;"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt">Title:</font></font></p>

  </td>

  <td width="77%" colspan="2" valign="top" style="width:77.56%;border:none;

  border-bottom:double windowtext 1.5pt;

  padding:0in .7pt .7pt .7pt">

  <p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="40" style="border:none"></td>

  <td width="32" style="border:none"></td>

  <td width="88" style="border:none"></td>

  <td width="161" style="border:none"></td>

 </tr>

</table>



<p align="left" style="font-size:12.0pt;line-height:normal;margin-bottom:.0001pt;margin-left:264.25pt;margin-right:0in;margin-top:.5in;punctuation-wrap:simple;text-align:left;text-autospace:none;text-indent:-12.25pt;"><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&nbsp;</font></font></u></p>



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