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2 similar Shareholders Agreement contracts by Sl Industries Inc

SHAREHOLDERS AGREEMENT
Shareholders Agreement • December 28th, 2005 • Sl Industries Inc • Electric lighting & wiring equipment • Minnesota

This Shareholders Agreement (this “Agreement”), is entered into as of December 16, 2005, by and between SL Industries, Inc., a New Jersey corporation (“Purchaser”), and Lakers Acquisition Corp., a Minnesota corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), on the one hand, and each of the shareholders of Ault Incorporated, a Minnesota corporation (the “Company”) set forth on Schedule 1 hereto (each a “Shareholder” and collectively, the “Shareholders”), on the other hand. Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).

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SHAREHOLDERS AGREEMENT
Shareholders Agreement • December 22nd, 2005 • Sl Industries Inc • Electric lighting & wiring equipment • Minnesota

This Shareholders Agreement (this “Agreement”), is entered into as of December 16, 2005, by and between SL Industries, Inc., a New Jersey corporation (“Purchaser”), and Lakers Acquisition Corp., a Minnesota corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), on the one hand, and each of the shareholders of Ault Incorporated, a Minnesota corporation (the “Company”) set forth on Schedule 1 hereto (each a “Shareholder” and collectively, the “Shareholders”), on the other hand. Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).

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