0000908834-10-000046 Sample Contracts

SECURED PROMISSORY NOTE
Miscor Group, Ltd. • February 9th, 2010 • Services-miscellaneous repair services

THIS INSTRUMENT IS SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT BY JOHN A. MARTELL IN FAVOR OF WELLS FARGO BANK, NATIONAL ASSOCIATION, ACTING THROUGH ITS WELLS FARGO BUSINESS CREDIT OPERATING DIVISION, DATED AS OF JANUARY 29, 2010.

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • February 9th, 2010 • Miscor Group, Ltd. • Services-miscellaneous repair services • Indiana

THIS INDEMNIFICATION AGREEMENT (the "Agreement") is executed and delivered as of the 3rd day of February, 2010, by MISCOR GROUP, Ltd., an Indiana corporation (the "Seller"), in favor of both John A. Martell and Bonnie Martell, as husband and wife and as residents of the State of Michigan (collectively, "Buyer"), and John A. Martell, individually ("Guarantor").

SECURITY AGREEMENT
Security Agreement • February 9th, 2010 • Miscor Group, Ltd. • Services-miscellaneous repair services • Indiana

Name: MISCOR Group, Ltd. No. and Street: 1125 South Walnut Street City: South Bend County: St. Joseph State: Indiana Name: Magnetech Industrial Services, Inc. No. and Street: 3496 East 83rd Place City: Merrillville County: Lake State: Indiana

February 9, 2010 MISCOR GROUP, LTD. South Bend, Indiana 46619 Gentlemen:
Miscor Group, Ltd. • February 9th, 2010 • Services-miscellaneous repair services

MISCOR Group, Ltd., an Indiana corporation (“MISCOR”), Magnetech Industrial Services, Inc., an Indiana corporation (“MIS”), Martell Electric, LLC, an Indiana limited liability company (“Martell”), HK Engine Components, LLC, an Indiana limited liability company (“HK”), Ideal Consolidated, Inc., an Indiana corporation (“Ideal”), and American Motive Power, Inc., a Nevada corporation (“AMP” and together with MISCOR, MIS, Martell, HK and Ideal, collectively, the “Borrowers”), and Wells Fargo Bank, National Association (the “Lender”), have entered into that certain Credit and Security Agreement dated as of January 14, 2008, as amended (the “Credit Agreement”). Capitalized terms used herein shall have the meaning assigned to such terms in the Credit Agreement.

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Employment Agreement • February 9th, 2010 • Miscor Group, Ltd. • Services-miscellaneous repair services • Indiana

THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this "Amendment"), dated the 3rd day of February, 2010, is by and between MISCOR GROUP, Ltd., an Indiana corporation ("MISCOR"), and JOHN A. MARTELL, a resident of Michigan (the "Executive").

PURCHASE AGREEMENT
Purchase  agreement • February 9th, 2010 • Miscor Group, Ltd. • Services-miscellaneous repair services • Indiana

PURCHASE AGREEMENT, dated as of February 3, 2010 (this "Agreement"), between MISCOR GROUP, LTD., an Indiana corporation ("Seller"), and John A. and Bonnie Martell, as husband and wife and as residents of the State of Michigan ("Buyer" or "Buyers").

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