0000950131-98-002328 Sample Contracts

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ARTICLE I
Asset Purchase Agreement • April 2nd, 1998 • Heartland Technology Inc • Delaware
MILWAUKEE LAND COMPANY 547 West Jackson Boulevard Chicago, Illinois 60661
Employment Agreement • April 2nd, 1998 • Heartland Technology Inc

We are writing with respect to your employment by Milwaukee Land Company (the "Company") as President and Chief Executive Officer of the Company, pursuant to an Employment Agreement, dated June 29, 1993 and amended August 7, 1996 (as so amended, the "Employment Agreement"), the term of which expires on July 2, 2000. The Company acknowledges and recognizes the value of your experience and abilities to the Company since the beginning of your employment with the Company, as well as your increased responsibilities in connection with the Company's acquisition of substantially all of the assets of PG Design Electronics, Inc., and the Company desires to continue to retain and make secure for itself such experience and abilities through May 30, 2002 and to increase your annual base salary, effective May 30, 1997, to $175,000. Therefore, as of the date hereof, (i) Section 1 and Section 7(d)(i) of the Employment Agreement are hereby amended to delete the date "July 2, 2000" and substitute theref

FACILITIES AGREEMENT --------------------
Facilities Agreement • April 2nd, 1998 • Heartland Technology Inc • Illinois
August 7, 1996 Mr. Edwin Jacobson 2575 South Bayshore Drive Penthouse A Coconut Grove, Florida 33133 Re: First Amendment to Employment Agreement --------------------------------------- Dear Mr. Jacobson: We are writing with respect to your employment...
Employment Agreement • April 2nd, 1998 • Heartland Technology Inc

We are writing with respect to your employment by Milwaukee Land Company (the "Company") as President and Chief Executive Officer of the Company, pursuant to an Employment Agreement, dated June 29, 1993 (the "Employment Agreement"), the term of which expires on June 29, 1998. The Company acknowledges and recognizes the value of your experience and abilities to the Company since the beginning of your employment with the Company, and desires to continue to retain and make secure for itself such experience and abilities through July 2, 2000. Therefore, as of the date hereof, Section 1 and Section 7(d)(i) of the Employment Agreement are hereby amended to delete the clause "fifth anniversary of the date hereof" and substitute therefor the date "July 2, 2000". Except as amended by this letter, the Employment Agreement remains in full force and effect in accordance with its terms.

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Heartland Technology Inc • April 2nd, 1998
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