EXHIBIT 10.40 PEERLESS INDUSTRIAL GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT, made this 10th day of January, 1996, by and between Peerless Industrial Group, Inc., a Minnesota corporation (the "Company"), and Harry W. Spell (the...Nonqualified Stock Option Agreement • March 31st, 1997 • Peerless Industrial Group Inc • Non-operating establishments
