0001047469-08-003513 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 27th, 2008 • Optelecom-Nkf, Inc. • Radio & tv broadcasting & communications equipment • Maryland

THIS EMPLOYMENT AGREEMENT is entered into on the 16 day of January, 2008 and is effective on and as of the 1st day of January, 2008 (the “Effective Date”), by and between Optelecom-NKF, Inc., a Delaware corporation (the “Company”), and Steven Tamburo (the “Executive”).

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THIRD AMENDMENT TO SERVICE AGREEMENT
Service Agreement • March 27th, 2008 • Optelecom-Nkf, Inc. • Radio & tv broadcasting & communications equipment

This THIRD AMENDMENT TO SERVICE AGREEMENT (this “Amendment”) is made and entered into this 16th day of January, 2008 by and between Optelecom-NKF, Inc., a Delaware corporation (the “Company”), and James Armstrong, an individual (“Employee”). All capitalized terms used and not defined herein shall have the respective meanings as set forth in the Service Agreement between the Company and Employee dated as of June 10, 2002, as amended on June 6, 2005 and November 28, 2005 (the “Service Agreement”).

Second Amendment to Employment Contract
Second Amendment • March 27th, 2008 • Optelecom-Nkf, Inc. • Radio & tv broadcasting & communications equipment

This amendment (“Amendment”) is entered into as of January 17, 2008 between Optelecom-NKF B.V. (formerly NKF Electronics B.V.), a private limited company incorporated in the Netherlands (the “Company”), and Thomas Wilhelmus Martinus Overwijn (“Executive”).

EMPLOYMENT CONTRACT
Employment Contract • March 27th, 2008 • Optelecom-Nkf, Inc. • Radio & tv broadcasting & communications equipment

B On March 8, 2005 the shares in NKF were transferred to Optelecom Inc., located in Germantown, Maryland (United States of America), whose name was subsequently changed to Optelecom-NKF, Inc., hereinafter referred to as: ‘Optelecom’.

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