METALS USA INC
EX-10.4
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<DESCRIPTION>EX-10.4
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.4</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXECUTION
COPY</font></u></b></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Employment Agreement (the &#147;Agreement&#148;)
dated as of this 5<sup>th</sup> day of March, 2003 by and between Metals USA,
Inc., a Delaware corporation (the &#147;Company&#148;), and William R. Bennett
(&#147;Executive&#148;).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As
of the Effective Date, the Company is engaged primarily in the business of
providing metals processing, metals fabricating, and/or specialty metals
services; and</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
is employed by the Company in a confidential relationship wherein Executive, in
the course of Executive&#146;s employment with the Company, has and will continue to
become familiar with and aware of information as to the Company&#146;s customers,
specific manner of doing business, including the processes, techniques and
trade secrets utilized by the Company, and future plans with respect thereto,
all of which has been and will be established and maintained at great expense
to the Company; this information is a trade secret and constitutes the valuable
good will of the Company; and</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
parties desire to agree to the various matters described herein and to
memorialize those agreements herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOW,
THEREFORE,</font></b> in consideration of the mutual promises and
covenants set forth herein, it is hereby agreed as follows:</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Employment
and Duties</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Effective
November 1, 2002 (the &#147;Effective Date&#148;), the Company hereby employs Executive
as Senior Vice President of the Company and President of the Plates &amp;
Shapes Group.&#160; As such, Executive shall
have responsibilities, duties and authority reasonably accorded to and expected
of, and consistent with Executive&#146;s positions and will report directly to the
Office of the Chairman of the Company until a President has been hired by the
Board of Directors of the Company (the &#147;Board&#148;) and then to the President,
unless otherwise ordered by the Board.&#160;
Executive hereby accepts this employment upon the terms and conditions
herein contained and, subject to Section 3 hereof, agrees to devote Executive&#146;s
full business time, attention and efforts to promote and further the business
of the Company.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
shall faithfully adhere to, execute and fulfill all policies established by the
Company, as such policies may be changed from time to time by the Company,
including the Company&#146;s Code of Conduct.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Compensation</u>.&#160; For all services rendered by Executive, the
Company shall compensate Executive as follows:</font></p>

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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Base Salary.</font></i>&#160; As of the Effective Date, the base salary
payable to Executive shall be $280,000 per year, payable on a regular basis in
accordance with the Company&#146;s standard payroll procedures.&#160; On an annual basis, the Company will review
Executive&#146;s performance and may make increases to such base salary if, in its
discretion, any such increase is warranted.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Executive
Perquisites, Benefits, Annual Bonus and Other Compensation</font></i>.&#160; Executive shall be entitled to receive
additional benefits and compensation from the Company in such form and to such
extent as specified below:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; For
calendar years 2003 and 2004, Company shall pay Executive a minimum annual
bonus of $70,000, each year, pro rated for any partial year that Executive
works and payable at the same time that the Company customarily pays annual
bonuses.</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Admittance
for participation for Executive and Executive&#146;s dependent family members under
health, hospitalization, disability, dental, life and other insurance plans
that the Company may have in effect from time to time, with benefits provided
to Executive under this clause (ii) to be at least equal to such benefits
provided to Company employees generally, and participation in any senior
executive health plans established by the Company.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Reimbursement
for all business travel and other out-of-pocket expenses reasonably incurred by
Executive in the performance of Executive&#146;s services pursuant to this
Agreement.&#160; All reimbursable expenses
shall be appropriately documented in reasonable detail by Executive upon
submission of any request for reimbursement, and in a format and manner
consistent with the Company&#146;s expense reporting policy.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Company shall provide Executive with executive perquisites as may be available
to or deemed appropriate for Executive by the Board, including participation in
all other Company-wide employee benefits, including equity incentive plans and
programs at levels comparable to the President of the Flat Rolled Group as are
available from time to time.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Non-Competition
Agreement</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
shall not, during the term of Executive&#146;s employment hereunder, be engaged in
any other business activity pursued for gain, profit or other pecuniary
advantage unless, in its sole discretion, the Company has determined that such
business activity will not interfere with Executive&#146;s duties and
responsibilities hereunder.&#160; The
foregoing limitations shall not be construed as prohibiting Executive from
making personal investments in such form or manner as will neither require
Executive&#146;s services in the operation or affairs of the companies or
enterprises in which such investments are made nor violate the terms of this Section
3.&#160; In addition, Executive shall not,
during the period of Executive&#146;s employment by or with the Company, and for a
period of twelve</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>


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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(12) months immediately following termination
of Executive&#146;s employment pursuant to Sections 4(b)(ii), (iii), (iv) or (v) of
this Agreement (such period to be referred to as the &#147;Restricted Period&#148;),
directly or indirectly, for Executive or on behalf of or in conjunction with
any other person, persons, company, partnership, corporation or business of
whatever nature:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; engage,
as an officer, director, shareholder, owner, partner, joint venturer, or in a
managerial capacity, whether as an employee, independent contractor, consultant
or advisor, or as a sales representative, in the business of a metal service
center as currently operated by the Company&#146;s Plates and Shapes Group (&#147;Plates
&amp; Shapes&#148;), within 200 miles of where any Plates &amp; Shapes entity
conducts business, including any territory serviced by Plates &amp; Shapes (the
&#147;Territory&#148;);</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; call
upon any person who is, at that time, an employee of the Company (including its
subsidiaries) in a managerial capacity for the purpose or with the intent of
enticing such employee away from or out of the employ of the Company (including
its subsidiaries);</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; call
upon any person or entity which is, at that time, or which has been, within
twelve (12) months prior to that time, a customer of Plates &amp; Shapes within
the Territory for the purpose of soliciting or selling products or services in
competition with Plates &amp; Shapes within the Territory; or</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; call
upon any prospective acquisition candidate, on Executive&#146;s own behalf or on
behalf of any competitor, which candidate was, to Executive&#146;s actual knowledge
after due inquiry, either called upon by the Company (including its
subsidiaries) or for which the Company made an acquisition analysis, for the
purpose of acquiring such entity.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the above, the foregoing
covenant shall not be deemed to prohibit Executive from acquiring as an
investment not more than one percent (1%) of the capital stock of a competing
business, whose stock is traded on a national securities exchange or
over-the-counter.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Because
of the difficulty of measuring economic losses to the Company as a result of a
breach of the covenants in this Section 3, and because of the immediate and
irreparable damage that could be caused to the Company for which it would have
no other adequate remedy, Executive agrees that the foregoing covenant may be
enforced by the Company in the event of breach by Executive, by injunctions and
restraining orders.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; It
is agreed by the parties that the foregoing covenants in this Section 3 impose
a reasonable restraint on Executive in light of the activities and business of
the Company on the date of the execution of this Agreement and the current
plans of the Company but it is also the intent of the Company and Executive
that such covenants be construed and enforced in accordance with the changing
activities, business and locations</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>


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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of the Company throughout the term of this
covenant, whether before or after the date of termination of the employment of
Executive.&#160; For example, if, during the
term of this Agreement, the Company engages in new and different activities,
enters a new business or establishes new locations for its current activities
or business in addition to or other than the activities or business enumerated
under the Recitals above or the locations currently established therefore, then
Executive will be precluded from soliciting the customers or employees of such
new activities or business or from such new location and from directly
competing with such new business within 200 miles of its then-established
operating location(s) through the term of this covenant.&#160; It is further agreed by the parties hereto
that, in the event that Executive shall cease to be employed hereunder, and
shall enter into a business or pursue other activities not in competition with
the Company, or similar activities or business in locations the operation of
which, under such circumstances, does not violate clause (a) of this Section 3,
and in any event such new business, activities or location are not in violation
of this Section 3 or of Executive&#146;s obligations under this Section 3, if any,
Executive shall not be chargeable with a violation of this Section 3 if the
Company shall thereafter enter the same, similar or a competitive (i) business,
(ii) course of activities or (iii) location, as applicable unless the business
plans of the Company or any of its subsidiaries at the time of Executive&#146;s
termination of employment include similar lines of business or activities..</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
covenants in this Section 3 are severable and separate, and the
unenforceability of any specific covenant shall not affect the provisions of
any other covenant.&#160; Moreover, in the
event any court of competent jurisdiction shall determine that the scope, time
or territorial restrictions set forth are too broad or unreasonable, then it is
the intention of the parties that such restrictions be enforced to the fullest
extent which the court deems reasonable, and the Agreement shall thereby be
reformed.&#160; If any portion of this
Section 3 shall be invalid or unenforceable, such invalidity or
unenforceability shall in no way be deemed or construed to affect in any way
the enforceability of any other portion of this Section 3.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; All
of the covenants in this Section 3 shall be construed as an agreement
independent of any other provision in this Agreement, and the existence of any
claim or cause of action of Executive against the Company, whether predicated
on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of such covenants.&#160;
It is specifically agreed that the period of twelve (12) months
following termination of employment stated at the beginning of this Section 3,
during which the agreements and covenants of Executive made in this Section 3
shall continue to be effective, shall be computed by excluding from such
computation any time during which Executive is in violation of any provision of
this Section 3.&#160; Executive specifically
agrees that the restrictions in this Section 3 are reasonable, and that none of
the restrictions shall cause any unreasonable hardship to Executive.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Term;
Termination; Rights on Termination</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">General</font></i>.&#160; Executive&#146;s employment under this Agreement
shall begin on the Effective Date and continue for twenty six (26) months until
December 31, 2004 (the &#147;Term&#148;) unless it is terminated earlier pursuant to the
provisions of this Section 4.&#160; Either</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">party may elect to not renew this Agreement
for one additional year by giving the other party at least ninety (90) days
written notice prior to December 31, 2004 that such party will not renew this
Agreement.&#160; Unless Executive elects not
to renew this Agreement as provided above, Company shall have the option to extend
the term of this Agreement for one (1) year, on the same terms as then in
existence, provided that Company gives Executive at least ninety (90) days
written notice prior to December 31, 2004 (the &#147;Renewal Term&#148;).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Termination, Non-Renewal.&#160; </font></i>This Agreement and Executive&#146;s employment may be
terminated in any one of the following ways</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Death.</font></i>&#160; The death of Executive shall immediately
terminate this Agreement with no severance compensation due to Executive&#146;s
estate.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Disability.</font></i>&#160; If, as a result of incapacity due to
physical or mental illness or injury, Executive shall have been absent from
full-time duties hereunder for four (4) consecutive months, or one hundred
twenty (120) days in any rolling one-year period, then thirty (30) days after
receiving written notice (which notice may occur before or after the end of
such four (4) month or one hundred twenty (120) day period, but which shall not
be effective earlier than the last day of either such period), the Company may
terminate Executive&#146;s employment hereunder provided Executive is unable to
resume full-time duties with or without reasonable accommodation at the
conclusion of such notice period.&#160; Also,
Executive may terminate Executive&#146;s employment hereunder if Executive&#146;s health
should become impaired to an extent that makes the continued performance of
Executive&#146;s duties hereunder hazardous to Executive&#146;s physical or mental health
or life, provided that Executive shall have furnished the Company with a
written statement from a qualified doctor to such effect and provided, further,
that, at the Company&#146;s request made within thirty (30) days of the date of such
written statement, Executive shall submit to an examination by a doctor
selected by the Company who is reasonably acceptable to Executive or
Executive&#146;s doctor.&#160; In the event this
Agreement is terminated as a result of Executive&#146;s disability, Executive shall
receive from the Company, in a lump-sum payment due within ten (10) days of the
effective date of termination, the base salary at the rate then in effect for
whatever time period is remaining under the Term or Renewal Term (as the case
may be) for one (1) year, whichever amount is greater; provided, however, that
any such payments shall be reduced by the amount of any disability insurance
payments payable to the Executive as a result of such disability.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Cause.</font></i>&#160; The Company may terminate this Agreement
immediately for Cause (defined below).&#160;
In the event of a termination for Cause, Executive shall have no right
to any severance compensation.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Without
Cause or by Executive for Good Reason</font></i>.&#160; At any time after the commencement of employment, the Company may
terminate this Agreement without Cause or Executive may terminate this
Agreement for Good Reason (defined below), effective thirty (30) days after
written notice is provided to the</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">other party.&#160;
Should Executive be terminated by the Company without Cause or should
Executive terminate with Good Reason during the Term or the Renewal Term (as
the case may be), Executive shall receive from the Company, within fourteen
(14) days of the effective date of termination, the greater of (a) the base
salary and bonus to be paid for the remaining Term or (b) $350,000.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Resignation
or Termination without Good Reason</font></i>.&#160;
If Executive resigns or otherwise terminates his employment without Good
Reason, Executive shall receive no severance compensation.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Non-Renewal, Extension of Non-Compete after Renewal
Term.&#160; </font></i>In the event either
the Company or Executive elects not to renew this Agreement for the one-year
Renewal Term as provided herein, then Executive shall not be bound by the
non-competition terms set forth in Section 3 above after the end of the
Term.&#160; However, in the event of:&#160; (1) a non-renewal election by either party
at the end of the Term, or (2) a termination of employment by the Company
without Cause or by Executive for Good Reason during the Renewal Term, the
Company shall have the exclusive right to elect to pay Executive an aggregate
amount of $100,000 in cash over twelve (12) months from the end of the Term or
Renewal Term (as the case may be), payable in installments as determined by the
parties, plus Executive shall also receive twelve (12) months of Company health
benefits and other perquisites commencing at the end of the Term or Renewal
Term (as the case may be), on an uninterrupted basis, and Executive shall be
subject to the terms and conditions of Section 3 for an additional twelve (12)
months commencing at the end of the Term or Renewal Term (as the case may be).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Certain
Terminations.</font></i>&#160; If Executive
is terminated without Cause or terminates his employment hereunder with Good
Reason, (1) Executive shall receive twelve (12) months of Company health
benefits and other perquisites commencing at the end of the Term or Renewal
Term (as the case may be), on an uninterrupted basis, and (2)&nbsp;the vesting
of all of Executive&#146;s unvested stock grants or stock options (if any are then
outstanding) shall be immediately accelerated upon the date of termination of employment
and, with respect to any stock options, shall remain outstanding and
exercisable for the period set forth in the applicable option agreement or
option plan.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Effect of
Any Termination of Employment</font></i>.&#160;
Upon termination of this Agreement for any reason, Executive shall be
entitled to receive all earned and unpaid compensation and all benefits and
reimbursements due through the effective date of termination.&#160; Additional compensation subsequent to
termination, if any, will be due and payable to Executive only to the extent
and in the manner expressly provided herein.&#160;
Except with respect to any benefits or payments to which Executive may
be entitled under the terms and conditions of any benefit plan or applicable law,
all other rights and obligations of the Company and Executive under this
Agreement shall cease as of the effective date of termination; provided,
however, that the parties agree that the Company&#146;s obligations under this
Section 4 and Section 8, and Executive&#146;s obligations</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">under Sections 3, 5, 6, 7 and 15 herein shall
survive such termination in accordance with their terms unless otherwise
provided herein.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i><font style="font-style:italic;">Definitions.</font></i></font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;Cause&#148;
shall mean any of the following:&#160; (a)
Executive&#146;s material breach of this Agreement, including any of Company&#146;s
policies included or applicable under Section 1(b) above; (b) Executive&#146;s
negligence in the performance or intentional nonperformance of any of
Executive&#146;s material duties and responsibilities hereunder after ten (10) days
written notice during which Executive has not cured such negligence or
intentional nonperformance; (c) Executive&#146;s dishonesty, fraud or misconduct
with respect to the business or affairs of the Company which&#160; adversely affect the operations or
reputation of the Company.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;Good
Reason&#148; shall mean any of the following:&#160;
(a) Executive is demoted by means of an absolute reduction in authority,
responsibilities or duties to a position of less stature or importance within
the Company than the position described in Section 1 hereof; or (b) Executive&#146;s
annual base salary as determined pursuant to Section 2 hereof is reduced,
unless Executive has agreed in writing to that demotion or reduction or (c)
Company materially breaches this Agreement with respect to payment of
compensation hereunder; or (d) the relocation of Executive&#146;s office more than
fifty (50) miles from its location on the Effective Date without Executive&#146;s
written concurrence; provided, however, that if any office relocation in excess
of fifty (50) miles should result in Executive&#146;s home at the time of the
relocation being closer to the new office than prior to the relocation, such
relocation shall not be an occurrence of &#147;Good Reason.&#148;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Return
of Company Property</u>.&#160; All records,
designs, patents, business plans, financial statements, manuals, memoranda,
lists and other property delivered to or compiled by Executive by or on behalf
of the Company, its subsidiaries or their representatives, vendors or customers
which pertain to the business of the Company shall be and remain the property
of the Company and be subject at all times to its discretion and control.&#160; Likewise, all correspondence, reports,
records, charts, advertising materials and other similar data pertaining to the
business, activities or future plans of the Company which is collected by
Executive shall be delivered promptly to the Company without request by it upon
termination of Executive&#146;s employment.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Inventions</u>.&#160; Executive shall disclose promptly to the
Company any and all significant conceptions and ideas for inventions,
improvements and valuable discoveries, whether patentable or not, which are
conceived or made by Executive, solely or jointly with another, during the
period of employment or within one (1) year thereafter, and which are directly
related to the business or activities of the Company or its subsidiaries and
which Executive conceives as a result of Executive&#146;s employment by the
Company.&#160; Executive hereby assigns and
agrees to assign all Executive&#146;s interests therein to the Company or its
nominee.&#160; Whenever requested to do so by
the Company, Executive shall</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">execute any and all applications, assignments
or other instruments that the Company shall deem necessary to apply for and
obtain Letters Patent of the United States or any foreign country or to
otherwise protect the Company&#146;s interest therein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Confidentiality</u>.&#160; During the Restricted Period and thereafter,
except as provided below, Executive shall not, without the written consent of
the Board or a person authorized thereby, disclose to any person, other than an
employee of the Company or any of its subsidiaries or a person to whom
disclosure is reasonably necessary or appropriate in connection with the
performance by Executive of his duties as an executive of the Company, any
confidential information learned by him while in the employ of the Company with
respect to the Company&#146;s business, including but not limited to trade secrets,
technology, know-how, processes, any business data, information regarding any
of the Company&#146;s or its subsidiaries&#146; customers, practices, or operations, and
other proprietary information, the disclosure of which Executive knows or
should know will be damaging to the business, strategy or reputation of the
Company or any of its subsidiaries; provided however, that confidential
information shall not include any information (i) known to Executive or in
Executive&#146;s lawful possession at the Effective Date of this Agreement, (ii)
known generally to the public (other than as a result of unauthorized
disclosure by Executive), (iii) of a type not reasonably considered
confidential by persons engaged in the same business or a business similar to
that conducted by the Company or any subsidiary, or (iv) which Executive may be
required to disclose by any applicable law, order, or judicial or
administrative proceeding.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Indemnification</u>.&#160; In the event Executive is made a party to
any threatened, pending or contemplated action, suit or proceeding, whether
civil, criminal, administrative or investigative (other than an action by the
Company against Executive or by Executive against the Company), by reason of
the fact that Executive is or was performing services under this Agreement, then
the Company shall indemnify Executive against all expenses (including
attorneys&#146; fees), judgments, fines and amounts paid in settlement, as actually
and reasonably incurred by Executive in connection therewith.&#160; In the event that both Executive and the
Company are made a party to the same third party action, complaint, suit or
proceeding, the Company agrees to engage counsel, and Executive agrees to use
the same counsel, provided that if counsel selected by the Company shall have a
conflict of interest that prevents such counsel from representing Executive,
Executive may engage separate counsel and the Company shall pay all reasonable
attorneys&#146; fees of such separate counsel.&#160;
The Company shall not be required to pay the fees of more than one law
firm except as described in the preceding sentence, and shall not be required
to pay the fees of more than two law firms under any circumstances.&#160; Further, while Executive is expected at all
times to use Executive&#146;s best efforts to faithfully discharge Executive&#146;s
duties under this Agreement, Executive cannot be held liable to the Company for
errors or omissions made in good faith where Executive has not exhibited gross
negligence, intentional nonperformance of his duties hereunder, willful
dishonesty, fraud or misconduct, or performed criminal or fraudulent acts which
materially damage the business of the Company.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>No
Prior Agreements</u>.&#160; Executive hereby
represents and warrants to the Company that the execution of this Agreement by
Executive and Executive&#146;s employment by the Company and the performance of
Executive&#146;s duties hereunder will not violate or be a breach of any agreement
with a former employer, client or any other person or entity.&#160; Further, Executive agrees to indemnify the
Company for any claim, including, but not limited to, attorneys&#146; fees and
expenses of investigation, by any such third party that such third party may
now have or may hereafter come to have against the Company based upon or arising
out of any non-competition agreement, invention or secrecy agreement between
Executive and such third party which was in existence as of the date of this
Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Assignment;
Binding Effect</u>.&#160; Executive
understands that Executive has been selected for employment by the Company on
the basis of Executive&#146;s personal qualifications, experience and skills.&#160; Executive agrees, therefore, that Executive
cannot assign all or any portion of Executive&#146;s performance under this
Agreement.&#160; Subject to the preceding,
this Agreement shall be binding upon, inure to the benefit of and be
enforceable by the parties hereto and their respective heirs, legal
representatives, successors and assigns.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Change
in Control</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
understands and acknowledges that the Company or Plates &amp; Shapes may be
sold, merged or consolidated with or into another entity or that the Company
may undergo another type of Change in Control.&#160;
In the event such a sale, merger or consolidation or other Change in
Control is initiated and consummated prior to the end of the Term or the
Renewal Term, then the provisions of this Section 11 shall be applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In
the event of a Change in Control, then such Change in Control shall be deemed
to be a termination of this Agreement by the Company without Cause during the
Term or the Renewal Term and Executive shall be paid a lump sum payment equal
to the greater of (a) the remaining amount due under this Agreement (base
salary plus bonus) as if the Term had continued; or (b) the total compensation
(base salary plus one year&#146;s bonus) paid to Executive over the previous twelve
(12) months; plus Executive shall receive the benefits set forth in Section
4(c) above, and Executive shall be bound by the terms of Section 3 for twelve
(12) months beyond December 31, 2004 or December 31, 2005, as the case may
be.&#160; In addition, the Company, or its
successor, shall retain the right until the date upon which Executive&#146;s
employment would otherwise have ended on the last day of the Term or the
Renewal Term, as the case may be, to elect to extend the non-competition terms
of Section 3 for (twelve) 12 months by electing to compensate Executive as
provided in Section 4(b)(vi) during the twelve-month period following the end
of the Term or Renewal Term, as the case may be.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
effective date of termination will be the closing date of the transaction
giving rise to the Change in Control and all compensation, reimbursements and
lump-sum payments due Executive must be paid in full by the Company at or prior
to such</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">closing.&#160;
The vesting of all unvested options and grants of stock shall be
immediately accelerated upon the Change in Control, and Executive will be given
sufficient time and opportunity to elect whether to exercise all or any of his
vested options and stock grants, such that he may convert the options and stock
grants to shares of the Company&#146;s Common Stock at or prior to the closing of
the transaction giving rise to the Change in Control, if he so desires.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A
&#147;Change in Control&#148; shall be deemed to have occurred if:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; any
person, other than the Company or an employee benefit plan of the Company,
acquires directly or indirectly the beneficial ownership (as defined in Section
13(d) of the Securities Exchange Act of 1934, as amended) of any voting
security of the Company and immediately after such acquisition such Person is,
directly or indirectly, the Beneficial Owner of voting securities representing
50% or more of the total voting power of all of the then-outstanding
voting securities of the Company;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
following individuals no longer constitute a majority of the members of the
Board of Directors of the Company:&#160; (A)
the individuals who, as of November 1, 2002, constitute the Board of Directors
of the Company (the &#147;Original Directors&#148;); (B) the individuals who thereafter
are elected to the Board of Directors of the Company and whose election or
nomination for election, to the Board of Directors of the Company was approved
by a vote of at least two-thirds (2/3) of the Original Directors then
still in office (such directors becoming &#147;Additional Original Directors&#148;
immediately following their election); and (C) the individuals who are elected
to the Board of Directors of the Company and whose election or nomination for
election, to the Board of Directors of the Company was approved by a vote of at
least two-thirds (2/3) of the Original Directors and Additional Original
Directors then still in office (such directors also becoming &#147;Additional
Original Directors&#148; immediately following their election);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
Board and/or the Stockholders of the Company shall approve the sale or
liquidation distribution of more than 50% of the &#147;Plates and Shapes Group&#148;
operations to an entity not owned or controlled by the Company; or</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
stockholders of the Company shall approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of all or a
substantial portion of the Company&#146;s assets (i.e., 50% or more of the total
assets of the Company).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
must be notified in writing by the Company at any time that the Company or any
member of its Board anticipates that a Change in Control may take place.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
shall be reimbursed by the Company or its successor for any excise taxes that
Executive incurs under Section 4999 of the Internal Revenue Code of</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1986, as a result of any Change in
Control.&#160; Such amount will be due and
payable by the Company or its successor within ten (10) days after Executive
delivers a written request for reimbursement accompanied by a copy of his tax
return(s) showing the excise tax actually incurred by Executive.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Complete
Agreement</u>.&#160; This Agreement sets
forth the entire agreement of the parties hereto relating to the subject matter
hereof and supersedes any other employment agreements or understandings,
written or oral, between the Company and Executive.&#160; This Agreement is not a promise of future employment.&#160; Executive has no oral representations,
understanding or agreements with the Company or any of its officers, directors
or representatives covering the same subject matter as this Agreement.&#160; This written Agreement is the final,
complete and exclusive statement and expression of the agreement between the
Company and Executive and of all the terms of this Agreement, and it cannot be
varied, contradicted or supplemented by evidence of any prior or
contemporaneous oral or written agreement.&#160;
This written Agreement may not be later modified except by written
agreement signed by a duly authorized officer of the Company and Executive, and
no term of this Agreement may be waived except by a writing signed by the party
waiving the benefit of such term.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Notice</u>.&#160; Whenever any notice is required hereunder,
it shall be given in writing addressed as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="60%" style="border-collapse:collapse;margin-left:.5in;width:60.0%;">
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To The
  Company:</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metals USA,
  Inc.</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn:&#160; John Hageman, General Counsel</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Three
  Riverway, Suite 600</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Houston,
  Texas&#160; 77056</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Telephone:
  713/965-0990</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fax:&#160; 713/965-0067</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To
  Executive:</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William R.
  Bennett</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">709 Planters
  Row</font></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign="top" style="padding:0in .7pt 0in .7pt;width:27.62%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in .7pt 0in .7pt;width:70.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wilmington,
  N.C. 28405</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice shall be deemed given and effective on
the earlier of three (3) days after the deposit in the U.S. mail of a writing
addressed as above and sent first class mail, certified, return receipt
requested, or when actually received by means of hand delivery, delivery by
Federal Express or other courier service, or by facsimile transmission.&#160; Either party may change the address for
notice by notifying the other party of such change in accordance with this
Section 13.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Severability;
Headings</u>.&#160; If any portion of this
Agreement is held invalid or inoperative, the other portions of this Agreement
shall be deemed valid and operative and, so far as is reasonable and possible,
effect shall be given to the intent manifested by the portion held invalid or
inoperative.&#160; The Section headings
herein are for reference purposes only and are not intended in any way to
describe, interpret, define or limit the extent or intent of the Agreement or
of any part hereof.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
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<br clear="all" style="page-break-before:always;">
</font>

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Arbitration</u>.&#160; With the exception of Sections 3, 6 and 7,
any unresolved dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration, conducted before a panel
of three (3) arbitrators in Wilmington, North Carolina&#160; in accordance with the National Rules for
the Resolution of Employment Disputes of the American Arbitration Association
(&#147;AAA&#148;) then in effect, provided that Executive shall comply with the Company&#146;s
grievance procedures in an effort to resolve such dispute or controversy before
resorting to arbitration, and provided further that the parties may agree to
use arbitrators other than those provided by the AAA.&#160; The arbitrators shall not have the authority to add to, detract
from, or modify any provision hereof not to award punitive damages to any
injured party.&#160; The arbitrators shall
have the authority to order back-pay, severance compensation, vesting of
options (or cash compensation in lieu of vesting of options), reimbursement of
costs, including those incurred to enforce this Agreement, and interest thereon
in the event the arbitrators determine that Executive was terminated without
disability or Cause, or that the Company has otherwise materially breached this
Agreement.&#160; A decision by a majority of
the arbitration panel shall be final and binding.&#160; Judgment may be entered on the arbitrator&#146;s award in any court
having jurisdiction.&#160; The direct expense
of any arbitration proceeding shall be divided equally between the parties and
each party shall pay its own attorneys&#146; fees regardless of the outcome of the
arbitration.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Governing
Law</u>.&#160; This Agreement shall in all
respects be construed according to the laws of the State of North Carolina.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Counterparts</u>.&#160; This Agreement may be executed
simultaneously in two (2) or more counterparts, each of which shall be deemed
an original and all of which together shall constitute but one and the same
instrument.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">-
SIGNATURE PAGE FOLLOWS -</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
<!-- SEQ.=1,FOLIO='12',FILE='C:\C2\tstreeter\8804_2\t_1316271\j8804_ex10d4.htm',USER='tstreet',CD='Mar 25 13:15 2003' -->
<br clear="all" style="page-break-before:always;">
</font>

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the day and year first above written.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPANY:</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">METALS USA, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:35.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ JOHN A HAGEMAN</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="5%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:5.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:33.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John A Hageman</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="5%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:5.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="34%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:34.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sr. Vice President &amp; General Counsel</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXECUTIVE:</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ WILLIAM R. BENNETT</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.16%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="39%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:39.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William R. Bennett</font></p>
  </td>
 </tr>
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  <td width="434" style="border:none;"></td>
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  <td width="8" style="border:none;"></td>
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  <td width="245" style="border:none;"></td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>


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