<SEC-DOCUMENT>0000895456-19-000003.txt : 20190107
<SEC-HEADER>0000895456-19-000003.hdr.sgml : 20190107
<ACCEPTANCE-DATETIME>20190107161114
ACCESSION NUMBER:		0000895456-19-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20190107
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190107
DATE AS OF CHANGE:		20190107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROCKY BRANDS, INC.
		CENTRAL INDEX KEY:			0000895456
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				311364046
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34382
		FILM NUMBER:		19513450

	BUSINESS ADDRESS:	
		STREET 1:		39 EAST CANAL STREET
		CITY:			NELSONVILLE
		STATE:			OH
		ZIP:			45764
		BUSINESS PHONE:		6147531951

	MAIL ADDRESS:	
		STREET 1:		39 EAST CANAL STREET
		CITY:			NELSONVILLE
		STATE:			OH
		ZIP:			45764

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROCKY SHOES & BOOTS INC
		DATE OF NAME CHANGE:	19950706
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rcky-20190107x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			8-K - 2019 Employment Agreements
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			<font style="display: inline;font-weight:bold;font-size:12pt;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;font-size:12pt;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;font-size:12pt;">Date of Report (Date of earliest event reported): </font><font style="display: inline;font-size:12pt;text-decoration:underline;">December 3</font><font style="display: inline;font-size:12pt;text-decoration:underline;">1</font><font style="display: inline;font-size:12pt;text-decoration:underline;">,</font><font style="display: inline;font-size:12pt;text-decoration:underline;"> 2018</font>
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			<font style="display: inline;font-weight:bold;font-size:24pt;text-decoration:underline;">ROCKY BRANDS, INC.</font>
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			<font style="display: inline;font-size:8pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-size:8pt;">(State or other jurisdiction </font><br /><font style="display: inline;font-size:8pt;">of incorporation) </font></p>
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						<font style="display: inline;font-size:8pt;">(IRS Employer</font><br /><font style="display: inline;font-size:8pt;">Identification No.)</font></p>
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			<font style="display: inline;">39 East Canal Street, Nelsonville, Ohio</font><font style="display: inline;"> 45764</font>
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			<font style="display: inline;font-size:8pt;">(Address of principal executive offices) (Zip Code)</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Registrant&#x2019;s telephone number, including area code: </font><font style="display: inline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">(740) 753-1951</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;text-decoration:underline;">Not Applicable</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 8pt">
			<font style="display: inline;font-size:8pt;">(Former name or former address, if changed since last report.)</font>
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			<font style="display: inline;font-weight:bold;">________________________________</font>
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			<font style="display: inline;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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						<font style="display: inline;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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			<font style="display: inline;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display: inline;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;</font><font style="display: inline;">&#x2610;</font>
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			<font style="display: inline;font-weight:bold;">Item </font><font style="display: inline;font-weight:bold;">5</font><font style="display: inline;font-weight:bold;">.02 </font><font style="display: inline;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font><font style="display: inline;font-weight:bold;">.</font>
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			<font style="display: inline;font-style:italic;">(b) Resignation of Harley E. Rouda, Jr. </font>
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			<font style="display: inline;">As previously disclosed</font><font style="display: inline;"> by</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Rocky Brands, Inc. (the &#x201C;Company&#x201D;)</font><font style="display: inline;"> in a Current Report on Form 8-K filed</font><font style="display: inline;"> on</font><font style="display: inline;"> December 20, 2018, </font><font style="display: inline;">Harley E. Rouda, Jr. </font><font style="display: inline;">provided the Board of Directors </font><font style="display: inline;">with notice of his intent to resign from his position as a member of the Board</font><font style="display: inline;"> of Directors</font><font style="display: inline;">, which became effective as</font><font style="display: inline;"> of </font><font style="display: inline;">December 31, 2018. Mr. Rouda&#x2019;s decision to resign was not due to a disagreement with the Company. Mr. Rouda was recently elected to the United States House of Representatives from California&#x2019;s 48th Congressional D</font><font style="display: inline;">istrict, and his term began</font><font style="display: inline;"> on January 3, 2019. </font>
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			<font style="display: inline;font-style:italic;">(e) Employment Agreements </font>
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			<font style="display: inline;">On </font><font style="display: inline;">January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, following the approval of </font><font style="display: inline;">the </font><font style="display: inline;">Board</font><font style="display: inline;"> of Directors</font><font style="display: inline;">, the </font><font style="display: inline;">Company entered into</font><font style="display: inline;"> an</font><font style="display: inline;"> employment agreement</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">with Jason Brooks, President and Chief Executive Officer of the Company</font><font style="display: inline;">,</font><font style="display: inline;"> (the &#x201C;Brooks Employment Agreement&#x201D;). The Brooks Employment Agreement </font><font style="display: inline;">replaces that</font><font style="display: inline;"> certain Employment Agreement, dated January 2, 2014, between the </font><font style="display: inline;">Company and</font><font style="display: inline;"> Jason</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Brooks</font><font style="display: inline;">, in its entirety</font><font style="display: inline;">. &nbsp;</font><font style="display: inline;">The Brooks Employment Agreement provides that Mr. Brooks</font><font style="display: inline;"> is employed at will and</font><font style="display: inline;"> will have an annual salary of $325,000, which may be</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">decreased up to 20%</font><font style="display: inline;">, or</font><font style="display: inline;"> increased</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">by the Company&#x2019;s Board of Directors.</font>
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			<font style="display: inline;">On </font><font style="display: inline;">January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, following the approval of the Board of Directors, the Company entered into an employment agreement with</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Thomas Robertson, Executive Vice President, Chief Financial Officer and Treasurer of the Company</font><font style="display: inline;">,</font><font style="display: inline;"> (the &#x201C;Robertson Employment Agreement&#x201D;). </font><font style="display: inline;">The </font><font style="display: inline;">Robertson</font><font style="display: inline;"> Employment Agreemen</font><font style="display: inline;">t provides that Mr. Robertson</font><font style="display: inline;"> is employed at will and</font><font style="display: inline;"> will have an annual salary of $</font><font style="display: inline;">245</font><font style="display: inline;">,000, </font><font style="display: inline;">which may be decreased up to 20%</font><font style="display: inline;">, or</font><font style="display: inline;"> increased</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">by the Company&#x2019;s Board of Directors.</font>
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			<font style="display: inline;">On </font><font style="display: inline;">January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, following the approval of the Board of Directors, the Company entered into an employment agreement with</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">David Dixon, President, Sourcing and Manufacturing of the Company</font><font style="display: inline;">,</font><font style="display: inline;"> (the &#x201C;Dixon Employment Agreement&#x201D;). </font><font style="display: inline;">The </font><font style="display: inline;">Dixon</font><font style="display: inline;"> Employment Agreemen</font><font style="display: inline;">t provides that Mr. Dixon</font><font style="display: inline;"> is employed at will and</font><font style="display: inline;"> will have an annual salary of $</font><font style="display: inline;">210</font><font style="display: inline;">,000</font><font style="display: inline;">,</font><font style="display: inline;"> which may be decreased up to 20%</font><font style="display: inline;">, or</font><font style="display: inline;"> increased</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">by the Company&#x2019;s Board of Directors.</font>
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			<font style="display: inline;">On </font><font style="display: inline;">January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, following the approval of the Board of Directors, the Company entered into an employment agreement with Richard Simms, President, Operations of the Company</font><font style="display: inline;">,</font><font style="display: inline;"> (the &#x201C;Simms Employment Agreement&#x201D;). The Simms Employment Agreement</font><font style="display: inline;"> replaces t</font><font style="display: inline;">hat certain Employment Agreement, dated January 2, 2014, between the Company and </font><font style="display: inline;">Richard </font><font style="display: inline;">Simms</font><font style="display: inline;">, in its entirety</font><font style="display: inline;">. &nbsp;</font><font style="display: inline;">The</font><font style="display: inline;"> Simms</font><font style="display: inline;"> Employment Agreement prov</font><font style="display: inline;">ides that Mr. Simms</font><font style="display: inline;"> is employed at will and</font><font style="display: inline;"> will have an annual salary of $</font><font style="display: inline;">234</font><font style="display: inline;">,000, </font><font style="display: inline;">which may be decreased up to 20%</font><font style="display: inline;">, or</font><font style="display: inline;"> increased</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">by the Company&#x2019;s Board of Directors.</font>
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			<font style="display: inline;">On </font><font style="display: inline;">January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, following the approval of the Board of Directors, the Company entered into an employment agreement with</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Byron Wortham, President, Core Brands of the Company</font><font style="display: inline;">,</font><font style="display: inline;"> (the &#x201C;Wortham Employment Agreement&#x201D;). </font><font style="display: inline;">The</font><font style="display: inline;"> Wortham</font><font style="display: inline;"> Employment Agreement prov</font><font style="display: inline;">ides that Mr. Wortham</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">is employed at will and</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">will have an annual salary of $</font><font style="display: inline;">200</font><font style="display: inline;">,000,</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">which may be decreased up to 20%</font><font style="display: inline;">, or</font><font style="display: inline;"> increased</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">by the Company&#x2019;s Board of Directors.</font>
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			<font style="display: inline;">Each of Mr. Brooks, Mr. Robertson, Mr. Dixon, Mr. Simms and Mr. Wortham </font><font style="display: inline;">is</font><font style="display: inline;"> referred to herein as an &#x201C;Executive</font><font style="display: inline;">,</font><font style="display: inline;">&#x201D; and collectively as the &#x201C;Executives.&#x201D; </font><font style="display: inline;">Each of the Brooks Employment Agreement, </font><font style="display: inline;">the </font><font style="display: inline;">Robertson Employment Agreement, </font><font style="display: inline;">the </font><font style="display: inline;">Dixon Employment Agreement, </font><font style="display: inline;">the </font><font style="display: inline;">Simms Employment Agreement, and </font><font style="display: inline;">the </font><font style="display: inline;">Wortham Employment Agreement is referred to herein as an &#x201C;Executive Employment Agreement.&#x201D; </font>
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			<font style="display: inline;">Under the Executive Employment Agreements, e</font><font style="display: inline;">ach of the Executives</font><font style="display: inline;"> is eligible to participate in annual incentive or bonus programs, and is eligible to receive</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">restricted stock and stock option awards, as determined by the Company&#x2019;s Board of Directors from time to time. </font><font style="display: inline;">The Executives</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">also</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">will</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">be entitled to participate in other benefi</font><font style="display: inline;">ts generally made available to management</font><font style="display: inline;">-level</font><font style="display: inline;"> employees</font><font style="display: inline;"> &nbsp;o</font><font style="display: inline;">f the Company. </font>
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			<font style="display: inline;">Under the Executive Employment Agreements, i</font><font style="display: inline;color:#000000;">n the event of termination without cause, subject to his execution of a release of claims and continued compliance with the restrictive covenants described below, </font><font style="display: inline;color:#000000;">each Executive</font><font style="display: inline;color:#000000;"> will be entitled to </font><font style="display: inline;color:#000000;">his earned but unpaid salary and bonus, and a </font><font style="display: inline;color:#000000;">continued base salary for a period of </font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months. In the event</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">an Executive</font><font style="display: inline;color:#000000;"> is employed for more than one-half the number of days in the applicable bonus period, the Company </font><font style="display: inline;color:#000000;">also </font><font style="display: inline;color:#000000;">will pay </font><font style="display: inline;color:#000000;">such Executive</font><font style="display: inline;color:#000000;"> a pro-rated bonus if he is eligible under a bonus plan based on the financial performance of the Company</font><font style="display: inline;color:#000000;"> but which bonus plan</font><font style="display: inline;color:#000000;"> requires he be employed beyond the date of termination to receive the bonus.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Further, i</font><font style="display: inline;color:#000000;">n the event of a change in control, if</font><font style="display: inline;color:#000000;"> an Executive</font><font style="display: inline;color:#000000;"> is terminated (</font><font style="display: inline;color:#000000;">other than due to cause or a disability</font><font style="display: inline;color:#000000;">) within </font><font style="display: inline;color:#000000;">twelve</font><font style="display: inline;color:#000000;"> months of the change in control</font><font style="display: inline;color:#000000;"> or if </font><font style="display: inline;color:#000000;">an Executive</font><font style="display: inline;color:#000000;"> resigns for good reason</font><font style="display: inline;color:#000000;"> within twelve</font><font style="display: inline;color:#000000;"> months of the change in control,</font><font style="display: inline;color:#000000;">&nbsp;in addition to the </font><font style="display: inline;color:#000000;">benefits outlined in the </font><font style="display: inline;color:#000000;">foregoing</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">sentences</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;">ubject to his execution of a release of claims and continued compliance with the restrictive covenants described below,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the Executive </font><font style="display: inline;color:#000000;">will be entitled to </font><font style="display: inline;color:#000000;">COBRA coverage for six months, and all outstanding stock options and restricted </font><font style="display: inline;color:#000000;">stock awards issued to the Executive</font><font style="display: inline;color:#000000;"> will be treated as vested. </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;">Under the Executive Employment Agreements, i</font><font style="display: inline;color:#000000;">n the event of termination for cause or due to the Executive&#x2019;s death or disability, </font><font style="display: inline;color:#000000;">or if </font><font style="display: inline;color:#000000;">an Executive</font><font style="display: inline;color:#000000;"> resigns</font><font style="display: inline;color:#000000;"> for any reason, the Company will pay the Executive only his earned but unpaid salary.</font>
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			<font style="display: inline;color:#000000;">Each of the </font><font style="display: inline;color:#000000;">Executive E</font><font style="display: inline;color:#000000;">mployment </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">greement</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;">&nbsp;contain</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">covenants for the benefit of the Company,</font><font style="display: inline;color:#000000;"> including noncompetition</font><font style="display: inline;color:#000000;"> covenants</font><font style="display: inline;color:#000000;"> during and for</font><font style="display: inline;color:#000000;"> six months</font><font style="display: inline;color:#000000;"> following the term of</font><font style="display: inline;color:#000000;"> the Executive&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;employment, nonsolicitation</font><font style="display: inline;color:#000000;"> covenants</font><font style="display: inline;color:#000000;"> during and for </font><font style="display: inline;color:#000000;">twelve months</font><font style="display: inline;color:#000000;"> following the term of </font><font style="display: inline;color:#000000;">the Executive&#x2019;s</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">, and protection of </font><font style="display: inline;color:#000000;">the Company&#x2019;s</font><font style="display: inline;color:#000000;"> confidential information.</font>
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			<font style="display: inline;">The foregoing is intended only to be a summary of </font><font style="display: inline;">each of </font><font style="display: inline;">the</font><font style="display: inline;"> Executive E</font><font style="display: inline;">mployment </font><font style="display: inline;">A</font><font style="display: inline;">greements, </font><font style="display: inline;">and is qualified in its entirety</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">by reference to the full text of</font><font style="display: inline;color:#000000;"> each of</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Brooks Employment Agreement, the</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Robertson Employment Agreement, the Dixon Employment Agreement, the Simms Employment Agreement</font><font style="display: inline;">,</font><font style="display: inline;"> and the Wortham Employment Agreement</font><font style="display: inline;">,</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">which </font><font style="display: inline;color:#000000;">are</font><font style="display: inline;color:#000000;"> filed as Exhibit</font><font style="display: inline;color:#000000;"> 10.</font><font style="display: inline;color:#000000;">1, Exhibit 10.2, Exhibit 10.3, Exhibit 10.4, and Exhibit 10.5, respectively,</font><font style="display: inline;color:#000000;"> to this Cu</font><font style="display: inline;color:#000000;">rrent Report on Form 8-K and </font><font style="display: inline;color:#000000;">are</font><font style="display: inline;color:#000000;"> incorporated by refere</font><font style="display: inline;color:#000000;">nce</font><font style="display: inline;color:#000000;">.</font>
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			<font style="display: inline;font-weight:bold;">Item&nbsp;9.01 Financial Statements and Exhibits.</font>
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			<font style="display: inline;">(d) </font><font style="display: inline;text-decoration:underline;">Exhibits</font><font style="display: inline;">.</font>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						&nbsp;</p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						&nbsp;</p>
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			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:72.05pt;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&#xFEFF;</font><a href="rcky-20190107xex10_1.htm" style="-sec-extract:exhibit"><font style="display: inline;">Exhibit 10.1</font></a></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:auto;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Employment Agreement, dated January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, by and between the Company and Jason Brooks </font></p>
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			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:72.05pt;height:13.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&#xFEFF;</font><a href="rcky-20190107xex10_2.htm" style="-sec-extract:exhibit"><font style="display: inline;">Exhibit 10.2</font></a></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Employment Agreement, dated January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, by and between the Company and Thomas Robertson </font></p>
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			<tr>
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						<font style="display: inline;">&#xFEFF;</font><a href="rcky-20190107xex10_3.htm" style="-sec-extract:exhibit"><font style="display: inline;">Exhibit 10.3</font></a></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Employment Agreement, dated January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, by and between the Company and David Dixon </font></p>
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			</tr>
			<tr>
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						<font style="display: inline;">&#xFEFF;</font><a href="rcky-20190107xex10_4.htm" style="-sec-extract:exhibit"><font style="display: inline;">Exhibit 10.4</font></a></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:auto;height:13.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Employment Agreement, dated January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, by and between the Company and Richard Simms </font></p>
				</td>
			</tr>
			<tr>
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&#xFEFF;</font><a href="rcky-20190107xex10_5.htm" style="-sec-extract:exhibit"><font style="display: inline;">Exhibit 10.5</font></a></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Employment Agreement, dated January </font><font style="display: inline;">1</font><font style="display: inline;">, 2019, by and between the Company and Byron Wortham</font><font style="display: inline;">&nbsp;</font></p>
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		<p style="margin:0pt 0pt 8pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">

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			<font style="display: inline;font-weight:bold;">SIGNATURES</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
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			<font style="display: inline;">Date: </font><font style="display: inline;">January </font><font style="display: inline;">7, 2019</font>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Rocky Brands, Inc.</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">/s/ Thomas D.</font><font style="display: inline;"> Robertson</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Executive Vice President, </font><font style="display: inline;">Chief Financial Officer</font><font style="display: inline;">, and Treasurer </font></p>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rcky-20190107xex10_1.htm
<DESCRIPTION>EX-10.1
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	<head>
		<title>
			Exhibit 10.1 - Rocky Brands - Jason Brooks
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.1</font>

		</p>

</div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">ROCKY BRANDS, INC</font><font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;color:#000000;font-size:18pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt">
			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M5"></a><font style="display: inline;color:#000000;">This Agreement is made </font><font style="display: inline;color:#000000;">effective </font><font style="display: inline;color:#000000;">as of th</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M6"></a><font style="display: inline;color:#000000;">1st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">day of </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;">, &nbsp;</font><a name="_DV_M7"></a><font style="display: inline;color:#000000;">2019</font><font style="display: inline;color:#000000;"> by and between </font><font style="display: inline;font-weight:bold;color:#000000;">JASON BROOKS</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font><font style="display: inline;color:#000000;">, an Ohio corporation with its principal office at 39 East Canal Street, Nelsonville, Ohio 45764.</font>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">A.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C16"></a><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font><a name="_DV_M11"></a><font style="display: inline;color:#000000;"> and its subsidiaries (collectively, the &#x201C;Company&#x201D;) are engaged in the business of designing, manufacturing and marketing high quality men&#x2019;s and women&#x2019;s footwear, apparel, and accessories</font><a name="_DV_M12"></a><font style="display: inline;color:#000000;"> and, in connection with its business, the Company develops and uses valuable technical and nontechnical trade secrets and other confidential information which it desires to protect.</font></font>
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">B.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are</font><a name="_DV_C18"></a><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">currently</font><a name="_DV_M14"></a><font style="display: inline;color:#000000;"> employed as an executive officer of the Company</font><font style="display: inline;color:#000000;"> and/or one or more of its subsidiaries</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M15"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">C.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">The Company considers your continued services to be in the best interest of the Company and desires, through this Agreement, to assure your continued services on behalf of the Company on an objective and impartial basis and without distraction or conflict of interest in the event of an attempt to obtain control of the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M16"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">D.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are willing to remain in the employ of the Company on the terms set forth in this </font><a name="_DV_C20"></a><font style="display: inline;color:#000000;">Agreement</font><a name="_DV_M17"></a><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M18"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M19"></a><font style="display: inline;color:#000000;">NOW, THEREFORE, the parties agree as follows:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M20"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">1.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Consideration</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As consideration for </font><a name="_DV_C22"></a><font style="display: inline;color:#000000;">you</font><a name="_DV_M21"></a><font style="display: inline;color:#000000;"> entering into this Agreement and your willingness to remain bound by its terms, the Company shall employ you</font><a name="_DV_C24"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M22"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M23"></a><font style="display: inline;color:#000000;"> access to certain Confidential Information as defined in this Agreement</font><a name="_DV_C26"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M24"></a><font style="display: inline;color:#000000;"> and</font><a name="_DV_C27"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M25"></a><font style="display: inline;color:#000000;"> other valuable consideration as </font><a name="_DV_C29"></a><font style="display: inline;color:#000000;">specified</font><a name="_DV_M26"></a><font style="display: inline;color:#000000;"> in this Agreement, including </font><a name="_DV_C30"></a><font style="display: inline;color:#000000;">the compensation and benefits as set forth </font><a name="_DV_M27"></a><font style="display: inline;color:#000000;">in Sections 3 and </font><a name="_DV_C32"></a><font style="display: inline;color:#000000;">4, respectively,</font><a name="_DV_M28"></a><font style="display: inline;color:#000000;"> of this Agreement.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M29"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:21.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">2.</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -2.7pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Employment</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M30"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 4.5pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(a)&nbsp; </font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Position</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You will be employed as the </font><a name="_DV_X273"></a><a name="_DV_C33"></a><font style="display: inline;color:#000000;">President and Chief Executive Officer of Rocky Brands, Inc.</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C34"></a><font style="display: inline;color:#000000;">reporting to th</font><a name="_DV_M31"></a><font style="display: inline;color:#000000;">e &nbsp;</font><font style="display: inline;color:#000000;">Board of Directors</font><font style="display: inline;color:#000000;"> of </font><font style="display: inline;color:#000000;">Rocky Brands, Inc. (the &#x201C;Rocky Board&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons employed in similar executive capacities</font><a name="_DV_C35"></a><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If elected to other offices of the Company</font><font style="display: inline;color:#000000;"> or its subsidiaries</font><font style="display: inline;color:#000000;">, you will also serve in such capacities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M33"></a>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(b)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Restricted Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;While employed by the Company, you shall devote your </font><a name="_DV_C36"></a><font style="display: inline;color:#000000;">full business time and attention and your </font><a name="_DV_M34"></a><font style="display: inline;color:#000000;">best efforts to the business of the Company and </font><a name="_DV_C38"></a><font style="display: inline;color:#000000;">exercise the highest degree of loyalty and care with respect to the affairs of the Company, discharging your duties competently, diligently and effectively.&nbsp;&nbsp;You will</font><a name="_DV_M35"></a><font style="display: inline;color:#000000;"> not engage in any outside employment or consulting work without first securing the approval of the</font><a name="_DV_C40"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Rocky</font><font style="display: inline;color:#000000;"> Board.&nbsp; </font><font style="display: inline;color:#000000;">The foregoing shall not preclude you from serving on civic or charitable boards or committees or managing personal investments, so long as such activities</font><a name="_DV_C42"></a><font style="display: inline;color:#000000;"> do not interfere with </font><font style="display: inline;color:#000000;">the performance of your responsibilities</font><a name="_DV_M39"></a><a name="_DV_C44"></a><font style="display: inline;color:#000000;"> hereunder </font><font style="display: inline;color:#000000;">or</font><a name="_DV_M40"></a><font style="display: inline;color:#000000;"> violate the other provisions of this Agreement</font><a name="_DV_C45"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall not serve on the board of any for-profit corporation or entity without the prior consent of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M41"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You further agree to comply fully with all policies and practices of the Company as are from time to time in effect.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M42"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">3.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Compensation</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M43"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Your compensation will be at an annual base rate of </font><a name="_DV_C47"></a><font style="display: inline;color:#000000;">$</font><font style="display: inline;color:#000000;">325,000 </font><font style="display: inline;color:#000000;">as of January 1, 20</font><a name="_DV_M44"></a><a name="_DV_C49"></a><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(&#x201C;Basic Salary&#x201D;), payable in accordance with the normal payroll practices of the Company.&nbsp;&nbsp;Your Basic Salary may be increased </font><a name="_DV_M46"></a><font style="display: inline;color:#000000;">from time to time by</font><a name="_DV_M47"></a><font style="display: inline;color:#000000;"> the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_C52"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Your Basic Salary may also be decreased from time to time by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board by up to 20% of your Basic Salary in effect at that time, but only if the salaries of all other executive officers of the Company with similar agreements </font><font style="display: inline;color:#000000;">providing for salary reductions </font><font style="display: inline;color:#000000;">have similar decreases of their base salaries in effect at the time.</font><a name="_DV_C54"></a><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M52"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M53"></a><font style="display: inline;color:#000000;">You will be eligible to </font><font style="display: inline;color:#000000;">participate in annual incentive or bonus programs and to receive restricted stock and stock option awards </font><font style="display: inline;color:#000000;">with respect to the common stock of the Company as shall be determined by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board in its discretion and pursuant to the terms of plans adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board from time to time.</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M54"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Subject to applicable Company policies, you will be reimbursed for necessary and reasonable business expenses incurred in connection with the performance of your duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company. </font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M55"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">4.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Fringe Benefits</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">You will be entitled to receive employee benefits and participate in any employee benefit plans, in accordance with their terms as from time to time amended, that the Company maintains during your employment and which are made generally available to all other management employees in like positions.&nbsp;&nbsp;This includes a 401(k) and profit sharing plan.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M56"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">5.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Confidential Information</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M57"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Confidential Information&#x201D; means any information you acquire during employment by the Company (including information you conceive, discover or develop) which is not readily available to the general public and which relates to the business, including research and devel</font><font style="display: inline;color:#000000;">opment projects, of the Company</font><font style="display: inline;color:#000000;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M58"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">includes</font><font style="display: inline;color:#000000;">, without limitation, information of a technical nature (such as trade secrets, inventions, discoveries, product requirements, designs, </font>
		</font>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">software codes and manufacturing methods), matters of a business nature (such as customer lists, the identities of customer contacts, information about customer requirements and preferences, the terms of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> contracts with its customers and suppliers, and the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> costs and prices), personnel information (such as the identities, duties, customer contacts, </font><a name="_DV_M59"></a><font style="display: inline;color:#000000;">skills</font><a name="_DV_C61"></a><font style="display: inline;color:#000000;">, and&nbsp;&nbsp;personnel data</font><a name="_DV_M60"></a><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> employees) and other financial information relating to the Company and its customers (</font><font style="display: inline;color:#000000;">such as</font><font style="display: inline;color:#000000;"> credit terms, methods of conducting business, computer systems, computer software,</font><a name="_DV_M61"></a><font style="display: inline;color:#000000;"> and strategic marketing, sales or other business plans).&nbsp;&nbsp;Confidential Information may or may not be patentable. </font></p>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M62"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">does not include</font><font style="display: inline;color:#000000;"> information which you learned prior to employment with the Company from sources other than the Company, information you develop after employment </font><font style="display: inline;color:#000000;">with the Company </font><font style="display: inline;color:#000000;">from sources other than the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Confidential Information or </font><font style="display: inline;color:#000000;">from </font><font style="display: inline;color:#000000;">information which is readily available to persons with equivalent skills, training and experience in the same fields or fields of endeavor as you.&nbsp;&nbsp;You must presume that all information that is disclosed or made accessible to you during employment by the Company is Confidential Information if you have a reasonable basis to believe the information is Confidential Information or if you have notice that the Company treats the information as Confidential Information. </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M63"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d)&nbsp; </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except in conducting the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business, you shall not at any time, either during or following your employment with the Company, make use of, or disclose to any other person or entity, any Confidential Information unless (i) the specific information becomes public from a source other than you or another person or entity that owes a duty of confidentiality to the Compan</font><a name="_DV_M64"></a><font style="display: inline;color:#000000;">y, and (ii)</font><a name="_DV_M65"></a><font style="display: inline;color:#000000;"> 12 months have passed since the specific information became public.&nbsp;&nbsp;However, you may discuss Confidential Information with employees of the Company when necessary to perform your duties to the Company.&nbsp;&nbsp;Notwithstanding the foregoing, if you are ordered by a court of competent jurisdiction to disclose Confidential Information, </font><font style="display: inline;color:#000000;">you will officially advise the c</font><font style="display: inline;color:#000000;">ourt that you are under a duty of confidentiality to the Company hereunder, take reasonable steps to delay disclosure until the Company may be heard by </font><font style="display: inline;color:#000000;">such</font><font style="display: inline;color:#000000;"> Court, give the</font><font style="display: inline;color:#000000;"> Company prompt notice of such c</font><font style="display: inline;color:#000000;">ourt order, and if ordered to disclose such Confidential Information you shall seek to do so under seal or in camera or in such other manner as reasonably designed to restrict the public disclosure and maintain the maximum confidentiality of such Confidential Information.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M66"></a><a name="_DV_X76"></a><a name="_DV_C67"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_C68"></a><font style="display: inline;color:#000000;"> for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M67"></a><font style="display: inline;color:#000000;"> or an authorized executive officer of the Company</font><font style="display: inline;color:#000000;">, you shall deli</font><a name="_DV_C70"></a><font style="display: inline;color:#000000;">ver to the Company all originals </font><font style="display: inline;color:#000000;">and</font><a name="_DV_M68"></a><a name="_DV_C72"></a><font style="display: inline;color:#000000;"> copies </font><font style="display: inline;color:#000000;">of any</font><a name="_DV_M69"></a><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C74"></a><font style="display: inline;color:#000000;">notes, documents, computer data </font><font style="display: inline;color:#000000;">(however stored including such data on your personal digital assistant device or personal computer) and</font><a name="_DV_M70"></a><font style="display: inline;color:#000000;"> records of any kind that reflect or relate to any Confidential Information.&nbsp;&nbsp;As used herein, the term &#x201C;notes&#x201D; means written or printed words, symbols, pictures, numbers or formulae.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M71"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">6.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Inventions</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M72"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Inventions&#x201D; means any inventions, improvements, designs, plans, discoveries or innovations of a technical or business nature, whether patentable or not, relating in any way to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business or contemplated business if the Invention is conceived or </font><font style="display: inline;color:#000000;">reduced</font><font style="display: inline;color:#000000;"> to practice by you during your employment by the Company.&nbsp;&nbsp;Inventions includes all data, records, physical embodiments and intellectual property pertaining thereto.&nbsp;&nbsp;Inventions reduced to pra</font><a name="_DV_C79"></a><font style="display: inline;color:#000000;">ctice within one year following </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_M73"></a><font style="display: inline;color:#000000;"> shall be presumed to have been conceived during</font><a name="_DV_C80"></a><font style="display: inline;color:#000000;"> your</font><a name="_DV_M74"></a><font style="display: inline;color:#000000;"> employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M75"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Inventions are the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> exclusive property and shall be promptly disclosed and assigned to the Company without additional compensation of any kind.&nbsp;&nbsp;If requested by the Company, you, your heirs, your executors, your administrators or legal representative will provide any information, documents, testimony or other assistance needed for the Company to acquire, maintain, perfect or exercise any form of legal protection that the Company desires in connection with an Invention.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M76"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><a name="_DV_C82"></a><font style="display: inline;color:#000000;">termination of your employment with the Company for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board </font><font style="display: inline;color:#000000;">or an authorized executive officer</font><font style="display: inline;color:#000000;"> of the Company</font><a name="_DV_M77"></a><font style="display: inline;color:#000000;">, you shall deliver to the Company all copies of and all notes with respect to all documents or records of any kind that relate to any Inventions.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M78"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">7.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Noncompetition and Nonsolicitation</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M79"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">By entering into this Agreement, you acknowledge that </font><a name="_DV_M80"></a><font style="display: inline;color:#000000;">Confidential Information has been and will be developed and acquired by the Company by means of substantial expense and effort, that the Confidential Information is a valuable asset of the Company</font><a name="_DV_M81"></a><font style="display: inline;color:#000000;">, that the disclosure of </font><a name="_DV_M82"></a><font style="display: inline;color:#000000;">Confidential Information to any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> competitors would cause substantial and i</font><a name="_DV_C87"></a><font style="display: inline;color:#000000;">rreparable injury to the Company </font><font style="display: inline;color:#000000;">and its</font><a name="_DV_M83"></a><font style="display: inline;color:#000000;"> business, and that any customers of the Company developed by you or others during your employment are developed on behalf of the Company. </font><a name="_DV_M84"></a><font style="display: inline;color:#000000;"> You further acknowledge that you have been provided with access to Confidential Information, including Confidential Information concerning the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M86"></a><font style="display: inline;color:#000000;">customers, and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> technical, </font><a name="_DV_C89"></a><font style="display: inline;color:#000000;">manufacturing, sales, </font><a name="_DV_M87"></a><font style="display: inline;color:#000000;">marketing</font><a name="_DV_C90"></a><font style="display: inline;color:#000000;">, logistical, financial, personnel</font><a name="_DV_M88"></a><font style="display: inline;color:#000000;"> and business plans, disclosure or misuse of which would irreparably injure the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">In exchange for the consideration specified in </font><font style="display: inline;color:#000000;">Sections 1, 3 and 4</font><font style="display: inline;color:#000000;"> of this Agreement -- the adequacy of which you expressly acknowledge -- you agree that during your employment by the Company and for a period of (1) 12 months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the cases of Sections 7(b)(i)-(iii) below (the &#x201C;Nonsolicitation Period&#x201D;), and (2) six months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the case of Section 7(b)(iv) below </font><font style="display: inline;color:#000000;">(the &#x201C;Noncompetition Period&#x201D;)</font><font style="display: inline;color:#000000;">, you shall not, </font><font style="display: inline;color:#000000;">whether </font><font style="display: inline;color:#000000;">directly or indirectly</font><font style="display: inline;color:#000000;">, alone or in conjunction with another party</font><font style="display: inline;color:#000000;">, as an owner, shareholder, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, employee, manager, consultant, independent contractor, or otherwise:</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(i)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Interfere</font><font style="display: inline;color:#000000;"> with or harm, or attempt to interfere with or harm, the relationship of the Company with any person </font><font style="display: inline;color:#000000;">or entity </font><font style="display: inline;color:#000000;">who is an employee, customer</font><font style="display: inline;color:#000000;">, product</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> services</font><font style="display: inline;color:#000000;"> supplier</font><font style="display: inline;color:#000000;">, business agent or partner</font><font style="display: inline;color:#000000;"> of the Company; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Contact any employee of the Company for the purpose of discussing or suggesting that such employee resign from employment with the Company for the purpose of becoming employed </font><font style="display: inline;color:#000000;">or serving as an independent contractor </font><font style="display: inline;color:#000000;">elsewhere or provide information about individual employees of the Company or personnel policies or procedures of the Company to any person or entity, including any individual, agency or company engaged in the business of recruiting employees, executives or officers;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Recruit or hire, or attempt to recruit or hire, any person who is an employee of the Company, or was an employee of the Company within the prior six months, if such employee or former employee was primarily engaged in a sales, marketing or customer relationship position with the Company or has (or if a former employee had at the time of leaving the Company) a base annual salary rate with the Company in excess of $75,000; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Engage as an individual, employee, consultant, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, partner, manager or otherwise </font><font style="display: inline;color:#000000;">with</font><font style="display: inline;color:#000000;"> any other company </font><font style="display: inline;color:#000000;">or business </font><font style="display: inline;color:#000000;">that competes with the Company, including any of the companies listed on </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;"> attached hereto or their </font><font style="display: inline;color:#000000;">subsidiaries or </font><font style="display: inline;color:#000000;">successors; provided, however, that your &#x201C;beneficial ownership,&#x201D; either individually or as a member of a &#x201C;group&#x201D; as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), of not more than two percent (2%) of the voting stock of any publicly held corporation, shall not be a violation of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M108"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Suspension of Noncompetition Periods</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Nonsolicitation and Noncompetition Periods described in Section 7 of this Agreement shall be suspended while you engage in any activities in breach of this Agreement.&nbsp;&nbsp;In the event that a court grants injunctive relief to the Company for your failure to comply with Section 7, </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the Nonsolicitation </font><font style="display: inline;color:#000000;">Period </font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Noncompetition Peri</font><font style="display: inline;color:#000000;">od</font><font style="display: inline;color:#000000;"> shall begin again on the date such injunctive relief is granted.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(d)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">You agree to immediately inform the Company if you accept employment or begin self-employment within the Nonsolicitation Period or the Noncompetition Period and to provide details about such employment so that the Company can monitor and determine your compliance with the obligations imposed on you under this Agreement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Termination of Employment</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M109"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Upon Death or Disability.&nbsp; </font><font style="display: inline;color:#000000;">Your employment will terminate automatically upon your death.&nbsp;&nbsp;The Company </font><a name="_DV_C113"></a><font style="display: inline;color:#000000;">is</font><a name="_DV_M110"></a><font style="display: inline;color:#000000;"> entitled to terminate your employment because of your disability upon 30 days&#x2019; written notice</font><a name="_DV_C114"></a><font style="display: inline;color:#000000;"> to you</font><a name="_DV_M111"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; will mean &#x201C;total disability&#x201D; as defined in the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> long term disability plan </font><a name="_DV_C116"></a><font style="display: inline;color:#000000;">at the time such notice is given</font><a name="_DV_M112"></a><font style="display: inline;color:#000000;">, or if the Company does not have such a policy at the time of determination then it will mean your inability to perform your regular job responsibilities for </font><a name="_DV_M113"></a><a name="_DV_C118"></a><font style="display: inline;color:#000000;">more than 180 days in any </font><font style="display: inline;color:#000000;">12 month</font><font style="display: inline;color:#000000;"> period</font><a name="_DV_M114"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">event of a termination under this Section 8(a), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date. </font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M115"></a><font style="display: inline;color:#000000;">Following a termination for Disability by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Disability to arbitration in </font><a name="_DV_C120"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M116"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Disability, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M117"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(b)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company for Cause.</font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C122"></a><font style="display: inline;color:#000000;">The Company is entitled to terminate your employment for &#x201C;Cause&#x201D; by giving</font><a name="_DV_M118"></a><font style="display: inline;color:#000000;"> you written notice of such termination.&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Cause&#x201D; shall </font><a name="_DV_C124"></a><font style="display: inline;color:#000000;">mean that you have committed or engaged in</font><a name="_DV_M119"></a><font style="display: inline;color:#000000;"> any one or more of the following</font><a name="_DV_M120"></a><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M121"></a><font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of an act of dishonesty involving the Company, its business or property, including, but not limited to, misappropriation of funds or any property of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M122"></a><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ngagement in activities or conduct clearly injurious to the best interests or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M123"></a><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">w</font><font style="display: inline;color:#000000;">illful and continued failure substantially to perform your duties under this Agreement (other than as a result of physical or mental illness or injury), after the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board delivers to you a written demand for substantial performance that specifically identifies the manner in which the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board believes that you have not substantially performed your duties;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M124"></a><font style="display: inline;color:#000000;">(iv)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">llegal conduct or gross misconduct that is willful and results in material and demonstrable damage to the business or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M125"></a><font style="display: inline;color:#000000;">(v)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of any of the material terms and conditions of this Agreement or any other written agreement or agreements you may from time to time have with the Company</font><a name="_DV_C126"></a><font style="display: inline;color:#000000;"> (following 30 days&#x2019; written notice from the Company specifying the violation and your failure to cure such violation within such 30-day period)</font><a name="_DV_M126"></a><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M127"></a><font style="display: inline;color:#000000;">(vi)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> code of business conduct or the clear violation of any other rules of behavior as may be provided in any employee handbook which would be grounds for dismissal of any employee of the Company; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M128"></a><font style="display: inline;color:#000000;">(vii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of a crime which is a felony, a misdemeanor involving an act of moral turpitude, or a misdemeanor committed in connection with your employment by the Company</font><a name="_DV_M129"></a><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M130"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">No act or failure to act shall be considered &#x201C;willful&#x201D; unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interests of the Company.&nbsp;&nbsp;Any act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board or </font><font style="display: inline;color:#000000;">upon </font><font style="display: inline;color:#000000;">the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M131"></a><font style="display: inline;color:#000000;">In the event of a termination under this Section 8(b), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M132"></a><font style="display: inline;color:#000000;">Following a termination for Cause by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Cause to arbitration in </font><a name="_DV_C129"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M133"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Cause, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M134"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by You.</font></font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C131"></a><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If you choose to terminate your employment with the Company</font><a name="_DV_M135"></a><font style="display: inline;color:#000000;"> for any reason, you must provide the Company with </font><a name="_DV_M136"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice </font><a name="_DV_M137"></a><font style="display: inline;color:#000000;">and</font><a name="_DV_C135"></a><font style="display: inline;color:#000000;"> agree to</font><a name="_DV_M138"></a><font style="display: inline;color:#000000;"> continue working for the Company during the </font><a name="_DV_C137"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;">-day notice period; provided, however, that upon receipt of such notice of termination the Company </font><a name="_DV_C139"></a><font style="display: inline;color:#000000;">may restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confident</font><font style="display: inline;color:#000000;">ial Information during the 30</font><font style="display: inline;color:#000000;">-day notice</font><a name="_DV_M139"></a><font style="display: inline;color:#000000;"> period </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> may </font><font style="display: inline;color:#000000;">determine</font><font style="display: inline;color:#000000;"> that your termination date wi</font><font style="display: inline;color:#000000;">ll be prior to the end of the 30</font><font style="display: inline;color:#000000;">-day notice period.</font><a name="_DV_M140"></a><font style="display: inline;color:#000000;"> &nbsp;In the event of </font><a name="_DV_C141"></a><font style="display: inline;color:#000000;">a</font><a name="_DV_M141"></a><font style="display: inline;color:#000000;"> termination under this paragraph, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><a name="_DV_C142"></a><font style="display: inline;color:#000000;"> sole obligation hereunder</font><a name="_DV_M142"></a><font style="display: inline;color:#000000;"> will </font><a name="_DV_C143"></a><font style="display: inline;color:#000000;">be to </font><a name="_DV_M143"></a><font style="display: inline;color:#000000;">pay you the earned but unpaid portion of your Basic Salary through the termination date</font><a name="_DV_C144"></a><font style="display: inline;color:#000000;"> of your employment</font><a name="_DV_M144"></a><font style="display: inline;color:#000000;">, which termination date will not</font><font style="display: inline;color:#000000;"> be deemed to be earlier than 14</font><font style="display: inline;color:#000000;"> days after the date on which you provide the Company with your written notice of termination.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M145"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company Without Cause</font><a name="_DV_C146"></a><font style="display: inline;font-style:italic;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The Company may terminate your employmen</font><font style="display: inline;color:#000000;">t without Cause by giving you 14</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice of such termination; provided, however, the Company may elect to restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confid</font><font style="display: inline;color:#000000;">ential Information during the 14</font><font style="display: inline;color:#000000;">-day notice period.&nbsp;&nbsp;In the event of a termination without Cause hereunder, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole obligation shall be to pay, maintain or reimburse you the items enumerated in (i) to (iii) below, which obligation shall be effective only upon your prior execution and delivery to the Company of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of any and all claims by you against the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below: </font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C147"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;color:#000000;">(i)&nbsp;&nbsp;The</font><a name="_DV_M146"></a><font style="display: inline;color:#000000;"> Company will pay you the earned but unpaid portion of your Basic Salary </font><a name="_DV_C149"></a><font style="display: inline;color:#000000;">and any earned bonus for a bonus period that was completed prior to the date of termination of your employment</font><font style="display: inline;color:#000000;"> (the &#x201C;Earned Basic Salary&#x201D;)</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C150"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;The Company</font><a name="_DV_M147"></a><font style="display: inline;color:#000000;"> will continue to pay you your Basic Salary for an additional </font><a name="_DV_M148"></a><a name="_DV_C153"></a><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after the date of termination of your employment (th</font><font style="display: inline;color:#000000;">e &#x201C;Severance Period&#x201D;) minus </font><font style="display: inline;color:#000000;">any deductions require</font><font style="display: inline;color:#000000;">d by law for taxes or otherwise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(the &#x201C;Salary Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;&nbsp;Any</font><a name="_DV_M151"></a><font style="display: inline;color:#000000;"> such payments will immediately end if (</font><a name="_DV_C155"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M152"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including Sections 5, 6 and/or 7</font><a name="_DV_C156"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M153"></a><font style="display: inline;color:#000000;">; or (</font><a name="_DV_C158"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M154"></a><font style="display: inline;color:#000000;">) the Company, after your termination, learns of any facts about your job performance or conduct that would have given the Company Cause, as defined in Section 8(b), to terminate your employment</font><a name="_DV_C160"></a><font style="display: inline;color:#000000;">;</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C161"></a><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(iii)&nbsp; </font><font style="display: inline;color:#000000;">If you were employed by the Company for more than one-half of the number of days in the applicable bonus period, then t</font><font style="display: inline;color:#000000;">he Company will pay you a Pro-Rated Bonus (as defined below) if you are eligible under a bonus plan which is based on the financial performance of the Company and which is in effect at the time of your termination but which provides that you must be employed beyond the date of your termination to earn the bonus.&nbsp;&nbsp;Such Pro-Rated Bonus, if any, will be paid at the same time and in the same form that other similarly situated Company employees are paid under the same bonus plan, except that your payment will be ratably reduced to reflect that you did not remain employed during the entire bonus period.&nbsp;&nbsp;The &#x201C;Pro-Rated Bonus&#x201D; means the bonus that would have been payable to you had you remained employed by the Company throughout the bonus period and based on the actual performance of the Company for the entire bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occurred prior to the date of your termination of employment, and the denominator of which is the number of days in the bonus period (e.g., 365 days for an annual bonus plan, 182.5 days for a semi-annual bonus plan, etc.).&nbsp;&nbsp;The Pro-Rated Bonus will not include any amount for a bonus plan, if any, that is based on individual performance criteria.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M155"></a><a name="_DV_M219"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Following </font><font style="display: inline;font-style:italic;color:#000000;">a &nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If a &#x201C;Change in Control,&#x201D;</font><font style="display: inline;color:#000000;"> as defined in Section 8(e</font><font style="display: inline;color:#000000;">)(</font><a name="_DV_M156"></a><font style="display: inline;color:#000000;">vi</font><font style="display: inline;color:#000000;">), s</font><font style="display: inline;color:#000000;">hall have occurred and within 12</font><font style="display: inline;color:#000000;"> months following such Change in Control the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">terminates your employment other than for </font><a name="_DV_C165"></a><font style="display: inline;color:#000000;">Disability under Section 8(a) or Cause under</font><a name="_DV_M157"></a><font style="display: inline;color:#000000;"> Section 8(b), or you terminate your employment for </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Good Reason,</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> as </font><font style="display: inline;color:#000000;">defined in Section 8(e)(</font><font style="display: inline;color:#000000;">vii</font><font style="display: inline;color:#000000;">), </font><a name="_DV_C167"></a><font style="display: inline;color:#000000;">then the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">shall be obligated to pay, maintain</font><font style="display: inline;color:#000000;">, provide</font><font style="display: inline;color:#000000;"> or reimburse</font><font style="display: inline;color:#000000;"> you the item</font><font style="display: inline;color:#000000;">s enumerated in (i) through (iv</font><font style="display: inline;color:#000000;">) below, which obligation shall be effective only upon your prior execution and delivery to the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below</font><font style="display: inline;color:#000000;">:</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C182"></a><font style="display: inline;color:#000000;">(i</font><a name="_DV_M161"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;You shall be paid the Basic Salary, Salary Termination Benefit, and Pro-Rated Bonus as</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">provided</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> Sections 8(d)(i), (ii) and (iii) above.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M178"></a><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;All outstanding stock options and restricted stock awards issued to you shall become 100% vested</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but otherwise</font><font style="display: inline;color:#000000;"> such stock options and restricted stock awards shall </font><font style="display: inline;color:#000000;">remain </font><font style="display: inline;color:#000000;">subject to the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">applicable </font><font style="display: inline;color:#000000;">stock option </font><font style="display: inline;color:#000000;">agreements, </font><font style="display: inline;color:#000000;">restricted stock </font><font style="display: inline;color:#000000;">award </font><font style="display: inline;color:#000000;">agreements and </font><font style="display: inline;color:#000000;">their governing </font><font style="display: inline;color:#000000;">plans.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M179"></a><a name="_DV_M180"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;">If you elect to continue coverage under COBRA following your termination of employment, t</font><font style="display: inline;color:#000000;">he Company s</font><font style="display: inline;color:#000000;">hall maintain for your benefit</font><font style="display: inline;color:#000000;"> at its cost</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> until the earlier of</font><a name="_DV_M181"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after termination of</font><a name="_DV_M182"></a><font style="display: inline;color:#000000;"> your employment following a Change in Control or</font><a name="_DV_M183"></a><font style="display: inline;color:#000000;"> your commencement of </font><font style="display: inline;color:#000000;">employment with a new employer</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">a partnership or </font><font style="display: inline;color:#000000;">self-employment in an activity for profit</font><font style="display: inline;color:#000000;">, all life insurance, medical, health and accident, and disability plans or programs, at </font><font style="display: inline;color:#000000;">substantially </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">same levels</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">which you shall have participate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> prior to termination of </font><font style="display: inline;color:#000000;">your </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> provided</font><font style="display: inline;color:#000000;">, however, that if</font><font style="display: inline;color:#000000;"> your continued participation </font><font style="display: inline;color:#000000;">in any such plan or program </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">permitted under the terms of </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">such plans and programs after </font><font style="display: inline;color:#000000;">termination of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> then </font><font style="display: inline;color:#000000;">the Company will</font><font style="display: inline;color:#000000;">, at its option,</font><font style="display: inline;color:#000000;"> either provide a substantially equivalent benefit from another provider or pay you the cost of obtaining such benefit in your own name </font><font style="display: inline;color:#000000;">(&#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M184"></a><font style="display: inline;color:#000000;">(collectively the </font><font style="display: inline;color:#000000;">Earned Basic Salary, the </font><font style="display: inline;color:#000000;">Salary Termination Benefit</font><font style="display: inline;color:#000000;">, the Pro-Rated Bonus,</font><font style="display: inline;color:#000000;"> and the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit are referred to as the &#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv)&nbsp;&nbsp;The Company is aware that upon the occurrence of a Change in Control, the Board of Directors or a shareholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute litigation seeking to have this Agreement declared unenforceable, or may take or attempt to take other action to deny you the benefits intended under this Agreement.&nbsp;&nbsp;In these circumstances, the purpose of this Agreement could be frustrated.&nbsp;&nbsp;Accordingly, if following a Change in Control it should appear to you that the Company has failed to comply with any of its obligations under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement or in the event that the Company or any other person takes any action to declare Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement void or unenforceable, or institutes any litigation or other legal action designed to deny, diminish or to recover from you the benefits entitled to be provided to you under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;">, and that you have complied with all your obligations under this Agreement, the Company authorizes you to retain counsel of your choice, at the expense of the Company as provided in this Section 8(e)(viii), to represent you in connection with the initiation or defense of any pre-suit settlement negotiations, litigation or other legal action, whether such action is by or against the Company or any Director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction.&nbsp;&nbsp;Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company consents to you entering into an attorney-client relationship with such counsel, and in that connection the Company and you agree that a confidential relationship shall exist between you and such counsel, except with respect to any fee and expense invoices generated by such counsel.&nbsp;&nbsp;The reasonable fees and expenses of counsel selected by you as hereinabove provided shall be paid or reimbursed to you by the Company on a regular, periodic basis upon presentation by you of a statement or statements prepared by such counsel in accordance with its customary practices, up to</font><a name="_DV_C250"></a><font style="display: inline;color:#000000;"> a maximum aggregate amount of</font><a name="_DV_M218"></a><font style="display: inline;color:#000000;"> $50,000.&nbsp;&nbsp;Any legal expenses incurred by the Company by reason of any dispute between the parties as to enforceability</font><font style="display: inline;color:#000000;"> of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Section 8(e),</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">any of </font><font style="display: inline;color:#000000;">the terms contained in Section 8(e), notwithstanding the outcome of any such dispute, shall be the sole responsibility of the Company, and the Company shall not take any action to seek reimbursement from you for such expenses.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(v)&nbsp;&nbsp;The Company may immediately discontinue the payment </font><a name="_DV_C226"></a><font style="display: inline;color:#000000;">or provision </font><a name="_DV_M200"></a><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits if (</font><a name="_DV_C228"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M201"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including </font><a name="_DV_C229"></a><font style="display: inline;color:#000000;">those </font><a name="_DV_M202"></a><font style="display: inline;color:#000000;">in Sections 5, 6 and/or 7</font><a name="_DV_C230"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M203"></a><font style="display: inline;color:#000000;">; and/or (</font><a name="_DV_C232"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M204"></a><font style="display: inline;color:#000000;">) the Company learns</font><font style="display: inline;color:#000000;">, within 60 days of your termination of employment,</font><font style="display: inline;color:#000000;"> of any facts about your job performance or conduct that would have given the Company Cause</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> as defined in Section 8(b)</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> to terminate your employment</font><a name="_DV_C234"></a><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">provided further</font><font style="display: inline;color:#000000;">, that the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> obligation to provide the Fringe Termination Benefit shall cease upon the earlier of your becoming employed or self-employed</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M160"></a><font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">v</font><font style="display: inline;color:#000000;">i</font><a name="_DV_C168"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;A &#x201C;Change in Control&#x201D; shall be deemed to have occurred if and when, after the date hereof, (A</font><a name="_DV_X236"></a><a name="_DV_C169"></a><font style="display: inline;color:#000000;">) any &#x201C;person&#x201D; (as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;) on the date hereof, including any &#x201C;group&#x201D; as such term is used in Section 13(d)(3) of the Exchange Act on the date hereof, shall acquire (or disclose the previous acquisition of) beneficial ownership (as that term is defined in Section 13(d) of the Exchange Act and the rules thereunder on the date hereof) of shares of the outstanding stock of any class or classes of the Company which (A) results in such person or group possessing more than 50% of the total voting power of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> outstanding voting securities ordinarily having the right to vote for the election of directors of the Company</font><a name="_DV_C170"></a><font style="display: inline;color:#000000;"> (&#x201C;a Majority Ownership Change&#x201D;); or (B</font><a name="_DV_X238"></a><a name="_DV_C171"></a><font style="display: inline;color:#000000;">) as the result of, or in connection with, any tender or exchange offer, merger or other business combination, </font><a name="_DV_X240"></a><a name="_DV_C172"></a><font style="display: inline;color:#000000;">or any combination of the foregoing transactions (a &#x201C;</font><a name="_DV_C173"></a><font style="display: inline;color:#000000;">Stock </font><a name="_DV_X241"></a><a name="_DV_C174"></a><font style="display: inline;color:#000000;">Transaction&#x201D;), the owners of the voting shares of the Company outstanding immediately prior to such Transaction own less than a majority of the voting shares of the Company after the Transaction; or (</font><a name="_DV_C175"></a><font style="display: inline;color:#000000;">C</font><a name="_DV_X243"></a><a name="_DV_C176"></a><font style="display: inline;color:#000000;">) during any period of two consecutive years during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company (or who take office following the approval of a majority of the directors then in office who were directors at the beginning of the period) cease for any reason to constitute </font><a name="_DV_C177"></a><font style="display: inline;color:#000000;">a majority</font><a name="_DV_X245"></a><a name="_DV_C178"></a><font style="display: inline;color:#000000;"> thereof, unless the election of each director who was not a director at the beginning of such period has been approved in advance by directors of the Company representing at least one-half of the directors then in office who were directors at the beginning of the period</font><a name="_DV_C179"></a><font style="display: inline;color:#000000;"> (a &#x201C;Majority Board Change&#x201D;); or (D</font><a name="_DV_X247"></a><a name="_DV_C180"></a><font style="display: inline;color:#000000;">) the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Company (</font><a name="_DV_C181"></a><font style="display: inline;color:#000000;">an &#x201C;Asset Transaction&#x201D;) shall have occurred.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M186"></a><a name="_DV_M187"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M206"></a><font style="display: inline;color:#000000;">(vi</font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Good Reason&#x201D; means, without your written consent: </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M207"></a><font style="display: inline;color:#000000;">(A)&nbsp;&nbsp;a material change in your status, posi</font><font style="display: inline;color:#000000;">tion</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities which </font><font style="display: inline;color:#000000;">does not represent a promotion from your existing </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">status, position</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities as in effect immediately </font><font style="display: inline;color:#000000;">prior to the Change in Control </font><font style="display: inline;color:#000000;">(except in connection with the termination of employment for total and permanent disability, death, or Cause, or by </font><font style="display: inline;color:#000000;">you other than for Good Reason)</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M208"></a><font style="display: inline;color:#000000;">(B)&nbsp;&nbsp;a reduction by the Company in your Basic Salary as in effect on the date of the Change in Control</font><font style="display: inline;color:#000000;">, other than a reduction of up to 20% of your Basic Salary pursuant to Section 3(a) of this Agreement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to increase (within </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months of your last increase in Basic Salary) your Basic Salary after a Change in Control in an amount which at least equals, on a percentage basis, the average percentage increase in Basic Salary for all </font><font style="display: inline;color:#000000;">senior </font><font style="display: inline;color:#000000;">executive officers of the Company, which were effected in the preceding </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(C) the failure of the</font><font style="display: inline;color:#000000;"> Company to continue to maintain your participation in </font><font style="display: inline;color:#000000;">an</font><font style="display: inline;color:#000000;">y</font><font style="display: inline;color:#000000;"> incentive, bonus or similar compensation plan</font><font style="display: inline;color:#000000;">, including stock option and restricted stock plans, at substantially the level of your participation therein prior to the Change of Control.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M209"></a><a name="_DV_M210"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M211"></a><font style="display: inline;color:#000000;">(D</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;the failure by the Company to continue to provide you with benefits substantially similar to those enjoyed or to which you are en</font><font style="display: inline;color:#000000;">titled under any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> profit sharing, life insurance, medical, dental, health and accident, disability plans</font><font style="display: inline;color:#000000;">, paid vacation, leave and similar benefits in provided</font><font style="display: inline;color:#000000;"> at the time </font><font style="display: inline;color:#000000;">of a Change in Control</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(E)</font><font style="display: inline;color:#000000;"> &nbsp;the relocation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> principal executive offices to a location more than 75 miles from Nelsonville, Ohio or the relocation of your regular office assignment by the Company to a location outside of a 35 mile radius of Nelsonville, Ohio;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M212"></a><font style="display: inline;color:#000000;">(F)&nbsp;&nbsp;the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Agreement;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M213"></a><font style="display: inline;color:#000000;">(G)&nbsp;&nbsp;any request by the Company that you participate in an unlawful act; or </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M214"></a><font style="display: inline;color:#000000;">(H)&nbsp;&nbsp;any </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">breach of this Agreement </font><font style="display: inline;color:#000000;">by</font><font style="display: inline;color:#000000;"> the Company</font><font style="display: inline;color:#000000;"> which if curable is not cured within 10 days after you provide notice of such breach to the Company</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M215"></a>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M216"></a><font style="display: inline;color:#000000;">(f</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;text-decoration:underline;">Obligations of Company Upon Termination of Employment</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Upon any </font><font style="display: inline;color:#000000;">termination</font><font style="display: inline;color:#000000;"> of your employment hereunder, the Company shall have no further obligations under this Agreement and no further payments shall be payable</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and no further benefits </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be provided, </font><font style="display: inline;color:#000000;">by the Company to you, except as provided in Section 8 above and except as required under any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">benefit plans or arrangements maintained by the Company and applicable to you at the time of such term</font><font style="display: inline;color:#000000;">ination </font><font style="display: inline;color:#000000;">of your employment.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M217"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(g</font><font style="display: inline;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Waiver of Noncompetition Provision</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that the Company terminates your employment in the manner described in Section 8(d), Termination by </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company Without Cause, </font><font style="display: inline;color:#000000;">or your employment is </font><font style="display: inline;color:#000000;">terminated following a Change in</font><font style="display: inline;color:#000000;"> Control </font><font style="display: inline;color:#000000;">either </font><font style="display: inline;color:#000000;">by the Company other than for Disability </font><font style="display: inline;color:#000000;">under Section 8(a)</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">f</font><font style="display: inline;color:#000000;">or Cause under Section 8(b) or </font><font style="display: inline;color:#000000;">is terminated </font><font style="display: inline;color:#000000;">by you for Good Reason, then </font><font style="display: inline;color:#000000;">at any time during the Noncompetition Period you may make a written request to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Chairman of the Board</font><font style="display: inline;color:#000000;"> for a waiver of the Noncompetition Period and the covenants contained in Section 7(b)(iv).&nbsp;&nbsp;Such request will be </font><font style="display: inline;color:#000000;">considered</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but</font><font style="display: inline;color:#000000;"> will be granted, in whole or in part, or denied at the absolute discretion of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Board of Directors.&nbsp;&nbsp;If a waiver is granted, as of the date of the waiver, the severance </font><font style="display: inline;color:#000000;">benefits </font><font style="display: inline;color:#000000;">provided in Section</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> 8(d)(i)-(iii) </font><font style="display: inline;color:#000000;">and 8(e)(i)-(iv)</font><font style="display: inline;color:#000000;">, as applicable,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">will cease.&nbsp;&nbsp;Notwithstanding the foregoing, the Nonsolicitation Period and the covenants contained in Section 7(b)(i)-(iii) will remain in full force and effect until expiration of the Nonsolicitation Period.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(h</font><font style="display: inline;color:#000000;">) &nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">No Limitation on Certain Obligations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Ex</font><font style="display: inline;color:#000000;">cept as set forth in Section 8(g</font><font style="display: inline;color:#000000;">) above, nothing contained in this Section 8 shall be construed as limiting your obligations under Sections 5, 6, or 7 of this Agreement concerning Confidential Information, Inventions, or Noncompetition and Nonsolicitation.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(i</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You and the Company desire to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the &#x201C;Code&#x201D;), in accordance with the transition rules applicable under IRS Notice 2007-86 and Final Regulations issued under Section 409A of the Code.&nbsp;&nbsp;Therefore, notwithstanding</font><font style="display: inline;color:#000000;"> any provision of this Agreement to the contrary, if the Company determines that you are a &#x201C;specified employee&#x201D; as defined in Section 409A of the Code or any guidance promulgated thereunder (&#x201C;Code Section 409A&#x201D;), you shall not be entitled to any payments </font><font style="display: inline;color:#000000;">under Section 8 of this Agreement </font><font style="display: inline;color:#000000;">upon termination of your employment with the Company for any reason </font><font style="display: inline;color:#000000;">that otherwise would cause you to incur any additional tax or interest under Code Section 409A, </font><font style="display: inline;color:#000000;">until the earlier of (i) the date which is six months after </font><font style="display: inline;color:#000000;">the date of </font><font style="display: inline;color:#000000;">such termination, or (ii) the date of your death.&nbsp;&nbsp;If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause you to incur any additional tax or interest under Code Section 409A, the Company shall, after consulting with you and receiving your approval (which shall not be unreasonably withheld), reform such provision in such a manner as shall not cause you to incur any such tax or interest.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Remedies; Venue; Process</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M229"></a><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">You hereby acknowledge and agree that the Confidential Information disclosed to you prior to and during the term of this Agreement is of a special, unique and extraordinary character, and that any breach of this Agreement will cause the Company irreparable injury and damage, and consequently the Company shall be entitled, in addition to all other legal and equitable remedies available to it, to injunctive and any other equitable relief to prevent or cease a breach of Sections 5, 6, or 7 of this Agreement without further proof of harm and entitlement; that the terms of this Agreement, if enforced by the Company, will not unduly impair your ability to earn a living or pursue your vocation; and further, that the Company may cease paying any compensation and benefits under Section 8 if you fail to comply with this Agreement, without restricting the Company from other legal and equitable remedies.&nbsp;&nbsp;The parties agree that the prevailing party in litigation concerning a breach of this Agreement shall be entitled to all costs and expenses (including reasonable legal fees and expenses) which it incurs in successfully enforcing this Agreement and in prosecuting or defending any litigation (including appellate proceedings) concerning a breach of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M230"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except </font><a name="_DV_C260"></a><font style="display: inline;color:#000000;">as otherwise specifically provided in</font><a name="_DV_M231"></a><font style="display: inline;color:#000000;"> of this Agreement, the parties agree that jurisdiction and venue in any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly lie in the Court of Common Pleas of Athens County, Ohio.&nbsp;&nbsp;Such jurisdiction and venue is exclusive, except that the Company may bring suit in any jurisdiction and venue where jurisdiction and venue would otherwise be proper if you may have breached Sections 5, 6, or 7 of this Agreement.&nbsp;&nbsp;The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity for service by any other means provided by statute or rule of court.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M232"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">10.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Exit Interview</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to termination of your employment with the Company for any reason, you shall attend an exit interview if desired by the Company and shall, in any event, inform the Company at the earliest possible time of the identity of your future employer and of the nature of your future employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M233"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">11.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Waiver</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any failure by the Company to enforce any provision of this Agreement shall no</font><font style="display: inline;color:#000000;">t in any way affect the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> right to enforce such provision or any other provision at a later time.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M234"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">12.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Saving</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is later found to be completely or partially unenforceable, the remaining part of that provision of any other provision of this Agreement shall still be valid and shall not in any way be affected by the finding.&nbsp;&nbsp;Moreover, if any provision is for any reason held to be unreasonably broad as to time, duration, geographical scope, activity or subject, such provision shall be interpreted and enforced by limiting and reducing it to preserve enforceability to the maximum extent permitted by law.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M235"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">13.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Limitation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You acknowledge that your employment by the Company may be terminated at any time by the Company or by you with or without cause in accordance with the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">terms of this Agreement.&nbsp;&nbsp;This Agreement is in addition to and not in place of other obligations of trust, confidence and ethical duty imposed on you by law.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M236"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">14.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C261"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Notices.</font><font style="display: inline;color:#000000;"> &nbsp;Notices and all other communications under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, or upon receipt if overnight delivery service is used, addressed as follows:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C262"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To You:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C263"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Jason Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">1350 Dannie Dr.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Logan, OH 43138</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;text-decoration:underline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C266"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To the Company:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C267"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"> &nbsp;Attention:&nbsp;&nbsp;Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C268"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">39 East Canal Street</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C269"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Nelsonville, OH 45764</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C272"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C274"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">15.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M237"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio without reference to its choice of law rules.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C276"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">16.</font><a name="_DV_M238"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Final Agreement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;This Agreement replaces any existing agreement between you and the Company relating to the same subject matter and may be modified only by an agreement in writing signed by both you and a duly authorized representative of the Company.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C278"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">17.</font><a name="_DV_M239"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Further Acknowledgments</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp;&nbsp;&nbsp;YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS AGREEMENT, THAT YOU HAVE READ AND UNDERSTOOD THIS AGREEMENT, THAT YOU UNDERSTAND THIS AGREEMENT AFFECTS YOUR RIGHTS, AND THAT YOU HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font><a name="_DV_C279"></a>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="height:16pt;text-indent:0pt;margin-left:0pt; width:36pt;"></font><font style="height:16pt;text-indent:0pt;margin-left:0pt; width:-1pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><a name="_DV_M240"></a><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M241"></a><font style="display: inline;color:#000000;">By:&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">/s/ Michael Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Michael Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
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		</p>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M245"></a><font style="display: inline;font-weight:bold;color:#000000;">EXECUTIVE:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M246"></a><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jason Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> &nbsp; </font><font style="display: inline;color:#000000;">Jason Brooks</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 6pt">
			<a name="_DV_M247"></a><font style="display: inline;color:#000000;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;">Rocky Brands, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Exhibit A to Employment Agreement with Jason Brooks</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Lacrosse</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Danner</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wolverine World Wide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Merrell</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Caterpillar</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dickies</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carhartt</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carolina</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Thorogood</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Nike</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Galls</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Altama</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Skechers</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Timberland</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Red Wing</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Ariat</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">H.H. Brown</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Justin</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cabela&#x2019;s</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bass Pro</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Sportsman&#x2019;s Guide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Muck</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Chippewa</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Realtree</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bellville</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Garmont</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Oakley</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Reebok</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font>

		</p>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>rcky-20190107xex10_2.htm
<DESCRIPTION>EX-10.2
<TEXT>
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		<title>
			Exhibit 10.2 - Rocky Brands - Tom Robertson
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	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.2</font>

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		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">ROCKY BRANDS, INC</font><font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;color:#000000;font-size:18pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt">
			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M5"></a><font style="display: inline;color:#000000;">This Agreement is made </font><font style="display: inline;color:#000000;">effective </font><font style="display: inline;color:#000000;">as of th</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M6"></a><font style="display: inline;color:#000000;">1st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">day of </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;">, &nbsp;</font><a name="_DV_M7"></a><font style="display: inline;color:#000000;">2019</font><font style="display: inline;color:#000000;"> by and between </font><font style="display: inline;font-weight:bold;color:#000000;">THOMAS ROBERTSON</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font><font style="display: inline;color:#000000;">, an Ohio corporation with its principal office at 39 East Canal Street, Nelsonville, Ohio 45764.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">A.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C16"></a><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font><a name="_DV_M11"></a><font style="display: inline;color:#000000;"> and its subsidiaries (collectively, the &#x201C;Company&#x201D;) are engaged in the business of designing, manufacturing and marketing high quality men&#x2019;s and women&#x2019;s footwear, apparel, and accessories</font><a name="_DV_M12"></a><font style="display: inline;color:#000000;"> and, in connection with its business, the Company develops and uses valuable technical and nontechnical trade secrets and other confidential information which it desires to protect.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">B.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are</font><a name="_DV_C18"></a><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">currently</font><a name="_DV_M14"></a><font style="display: inline;color:#000000;"> employed as an executive officer of the Company</font><font style="display: inline;color:#000000;"> and/or one or more of its subsidiaries</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M15"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">C.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">The Company considers your continued services to be in the best interest of the Company and desires, through this Agreement, to assure your continued services on behalf of the Company on an objective and impartial basis and without distraction or conflict of interest in the event of an attempt to obtain control of the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M16"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">D.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are willing to remain in the employ of the Company on the terms set forth in this </font><a name="_DV_C20"></a><font style="display: inline;color:#000000;">Agreement</font><a name="_DV_M17"></a><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M18"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M19"></a><font style="display: inline;color:#000000;">NOW, THEREFORE, the parties agree as follows:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M20"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">1.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Consideration</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As consideration for </font><a name="_DV_C22"></a><font style="display: inline;color:#000000;">you</font><a name="_DV_M21"></a><font style="display: inline;color:#000000;"> entering into this Agreement and your willingness to remain bound by its terms, the Company shall employ you</font><a name="_DV_C24"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M22"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M23"></a><font style="display: inline;color:#000000;"> access to certain Confidential Information as defined in this Agreement</font><a name="_DV_C26"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M24"></a><font style="display: inline;color:#000000;"> and</font><a name="_DV_C27"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M25"></a><font style="display: inline;color:#000000;"> other valuable consideration as </font><a name="_DV_C29"></a><font style="display: inline;color:#000000;">specified</font><a name="_DV_M26"></a><font style="display: inline;color:#000000;"> in this Agreement, including </font><a name="_DV_C30"></a><font style="display: inline;color:#000000;">the compensation and benefits as set forth </font><a name="_DV_M27"></a><font style="display: inline;color:#000000;">in Sections 3 and </font><a name="_DV_C32"></a><font style="display: inline;color:#000000;">4, respectively,</font><a name="_DV_M28"></a><font style="display: inline;color:#000000;"> of this Agreement.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M29"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:21.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">2.</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -2.7pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Employment</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M30"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 4.5pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(a)&nbsp; </font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Position</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You will be employed as the </font><a name="_DV_X273"></a><a name="_DV_C33"></a><font style="display: inline;color:#000000;">Executive </font><font style="display: inline;color:#000000;">Vice President, Chief Financial Officer and Treasurer</font><font style="display: inline;color:#000000;"> of Rocky Brands, Inc.</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C34"></a><font style="display: inline;color:#000000;">reporting to th</font><a name="_DV_M31"></a><font style="display: inline;color:#000000;">e &nbsp;</font><font style="display: inline;color:#000000;">Chief Executive Officer </font><font style="display: inline;color:#000000;">of the Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons employed in similar executive capacities</font><a name="_DV_C35"></a><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If elected to other offices of the Company</font><font style="display: inline;color:#000000;"> or its subsidiaries</font><font style="display: inline;color:#000000;">, you will also serve in such capacities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M33"></a>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(b)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Restricted Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;While employed by the Company, you shall devote your </font><a name="_DV_C36"></a><font style="display: inline;color:#000000;">full business time and attention and your </font><a name="_DV_M34"></a><font style="display: inline;color:#000000;">best efforts to the business of the Company and </font><a name="_DV_C38"></a><font style="display: inline;color:#000000;">exercise the highest degree of loyalty and care with respect to the affairs of the Company, discharging your duties competently, diligently and effectively.&nbsp;&nbsp;You will</font><a name="_DV_M35"></a><font style="display: inline;color:#000000;"> not engage in any outside employment or consulting work without first securing the approval of the</font><a name="_DV_C40"></a><font style="display: inline;color:#000000;"> Board of Directors of Rocky Brands, Inc. (the &#x201C;</font><font style="display: inline;color:#000000;">Rocky</font><font style="display: inline;color:#000000;"> Board</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The foregoing shall not preclude you from serving on civic or charitable boards or committees or managing personal investments, so long as such activities</font><a name="_DV_C42"></a><font style="display: inline;color:#000000;"> do not interfere with </font><font style="display: inline;color:#000000;">the performance of your responsibilities</font><a name="_DV_M39"></a><a name="_DV_C44"></a><font style="display: inline;color:#000000;"> hereunder </font><font style="display: inline;color:#000000;">or</font><a name="_DV_M40"></a><font style="display: inline;color:#000000;"> violate the other provisions of this Agreement</font><a name="_DV_C45"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall not serve on the board of any for-profit corporation or entity without the prior consent of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M41"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You further agree to comply fully with all policies and practices of the Company as are from time to time in effect.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M42"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">3.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Compensation</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M43"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Your compensation will be at an annual base rate of </font><a name="_DV_C47"></a><font style="display: inline;color:#000000;">$</font><font style="display: inline;color:#000000;">245,000 </font><font style="display: inline;color:#000000;">as of January 1, 20</font><a name="_DV_M44"></a><a name="_DV_C49"></a><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(&#x201C;Basic Salary&#x201D;), payable in accordance with the normal payroll practices of the Company.&nbsp;&nbsp;Your Basic Salary may be increased </font><a name="_DV_M46"></a><font style="display: inline;color:#000000;">from time to time by</font><a name="_DV_M47"></a><font style="display: inline;color:#000000;"> the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_C52"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Your Basic Salary may also be decreased from time to time by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board by up to 20% of your Basic Salary in effect at that time, but only if the salaries of all other executive officers of the Company with similar agreements </font><font style="display: inline;color:#000000;">providing for salary reductions </font><font style="display: inline;color:#000000;">have similar decreases of their base salaries in effect at the time.</font><a name="_DV_C54"></a><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M52"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M53"></a><font style="display: inline;color:#000000;">You will be eligible to </font><font style="display: inline;color:#000000;">participate in annual incentive or bonus programs and to receive restricted stock and stock option awards </font><font style="display: inline;color:#000000;">with respect to the common stock of the Company as shall be determined by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board in its discretion and pursuant to the terms of plans adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board from time to time.</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M54"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Subject to applicable Company policies, you will be reimbursed for necessary and reasonable business expenses incurred in connection with the performance of your duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company. </font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M55"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">4.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Fringe Benefits</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">You will be entitled to receive employee benefits and participate in any employee benefit plans, in accordance with their terms as from time to time amended, that the Company maintains during your employment and which are made generally available to all other management employees in like positions.&nbsp;&nbsp;This includes a 401(k) and profit sharing plan.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M56"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">5.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Confidential Information</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M57"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Confidential Information&#x201D; means any information you acquire during employment by the Company (including information you conceive, discover or develop) which is not readily available to the general public and which relates to the business, including research and devel</font><font style="display: inline;color:#000000;">opment projects, of the Company</font><font style="display: inline;color:#000000;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M58"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">includes</font><font style="display: inline;color:#000000;">, without limitation, information of a technical nature (such as trade secrets, inventions, discoveries, product requirements, designs, </font>
		</font>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">software codes and manufacturing methods), matters of a business nature (such as customer lists, the identities of customer contacts, information about customer requirements and preferences, the terms of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> contracts with its customers and suppliers, and the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> costs and prices), personnel information (such as the identities, duties, customer contacts, </font><a name="_DV_M59"></a><font style="display: inline;color:#000000;">skills</font><a name="_DV_C61"></a><font style="display: inline;color:#000000;">, and&nbsp;&nbsp;personnel data</font><a name="_DV_M60"></a><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> employees) and other financial information relating to the Company and its customers (</font><font style="display: inline;color:#000000;">such as</font><font style="display: inline;color:#000000;"> credit terms, methods of conducting business, computer systems, computer software,</font><a name="_DV_M61"></a><font style="display: inline;color:#000000;"> and strategic marketing, sales or other business plans).&nbsp;&nbsp;Confidential Information may or may not be patentable. </font></p>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M62"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">does not include</font><font style="display: inline;color:#000000;"> information which you learned prior to employment with the Company from sources other than the Company, information you develop after employment </font><font style="display: inline;color:#000000;">with the Company </font><font style="display: inline;color:#000000;">from sources other than the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Confidential Information or </font><font style="display: inline;color:#000000;">from </font><font style="display: inline;color:#000000;">information which is readily available to persons with equivalent skills, training and experience in the same fields or fields of endeavor as you.&nbsp;&nbsp;You must presume that all information that is disclosed or made accessible to you during employment by the Company is Confidential Information if you have a reasonable basis to believe the information is Confidential Information or if you have notice that the Company treats the information as Confidential Information. </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M63"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d)&nbsp; </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except in conducting the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business, you shall not at any time, either during or following your employment with the Company, make use of, or disclose to any other person or entity, any Confidential Information unless (i) the specific information becomes public from a source other than you or another person or entity that owes a duty of confidentiality to the Compan</font><a name="_DV_M64"></a><font style="display: inline;color:#000000;">y, and (ii)</font><a name="_DV_M65"></a><font style="display: inline;color:#000000;"> 12 months have passed since the specific information became public.&nbsp;&nbsp;However, you may discuss Confidential Information with employees of the Company when necessary to perform your duties to the Company.&nbsp;&nbsp;Notwithstanding the foregoing, if you are ordered by a court of competent jurisdiction to disclose Confidential Information, </font><font style="display: inline;color:#000000;">you will officially advise the c</font><font style="display: inline;color:#000000;">ourt that you are under a duty of confidentiality to the Company hereunder, take reasonable steps to delay disclosure until the Company may be heard by </font><font style="display: inline;color:#000000;">such</font><font style="display: inline;color:#000000;"> Court, give the</font><font style="display: inline;color:#000000;"> Company prompt notice of such c</font><font style="display: inline;color:#000000;">ourt order, and if ordered to disclose such Confidential Information you shall seek to do so under seal or in camera or in such other manner as reasonably designed to restrict the public disclosure and maintain the maximum confidentiality of such Confidential Information.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M66"></a><a name="_DV_X76"></a><a name="_DV_C67"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_C68"></a><font style="display: inline;color:#000000;"> for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M67"></a><font style="display: inline;color:#000000;"> or an authorized executive officer of the Company</font><font style="display: inline;color:#000000;">, you shall deli</font><a name="_DV_C70"></a><font style="display: inline;color:#000000;">ver to the Company all originals </font><font style="display: inline;color:#000000;">and</font><a name="_DV_M68"></a><a name="_DV_C72"></a><font style="display: inline;color:#000000;"> copies </font><font style="display: inline;color:#000000;">of any</font><a name="_DV_M69"></a><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C74"></a><font style="display: inline;color:#000000;">notes, documents, computer data </font><font style="display: inline;color:#000000;">(however stored including such data on your personal digital assistant device or personal computer) and</font><a name="_DV_M70"></a><font style="display: inline;color:#000000;"> records of any kind that reflect or relate to any Confidential Information.&nbsp;&nbsp;As used herein, the term &#x201C;notes&#x201D; means written or printed words, symbols, pictures, numbers or formulae.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M71"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">6.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Inventions</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M72"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Inventions&#x201D; means any inventions, improvements, designs, plans, discoveries or innovations of a technical or business nature, whether patentable or not, relating in any way to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business or contemplated business if the Invention is conceived or </font><font style="display: inline;color:#000000;">reduced</font><font style="display: inline;color:#000000;"> to practice by you during your employment by the Company.&nbsp;&nbsp;Inventions includes all data, records, physical embodiments and intellectual property pertaining thereto.&nbsp;&nbsp;Inventions reduced to pra</font><a name="_DV_C79"></a><font style="display: inline;color:#000000;">ctice within one year following </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_M73"></a><font style="display: inline;color:#000000;"> shall be presumed to have been conceived during</font><a name="_DV_C80"></a><font style="display: inline;color:#000000;"> your</font><a name="_DV_M74"></a><font style="display: inline;color:#000000;"> employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M75"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Inventions are the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> exclusive property and shall be promptly disclosed and assigned to the Company without additional compensation of any kind.&nbsp;&nbsp;If requested by the Company, you, your heirs, your executors, your administrators or legal representative will provide any information, documents, testimony or other assistance needed for the Company to acquire, maintain, perfect or exercise any form of legal protection that the Company desires in connection with an Invention.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M76"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><a name="_DV_C82"></a><font style="display: inline;color:#000000;">termination of your employment with the Company for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board </font><font style="display: inline;color:#000000;">or an authorized executive officer</font><font style="display: inline;color:#000000;"> of the Company</font><a name="_DV_M77"></a><font style="display: inline;color:#000000;">, you shall deliver to the Company all copies of and all notes with respect to all documents or records of any kind that relate to any Inventions.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M78"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">7.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Noncompetition and Nonsolicitation</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M79"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">By entering into this Agreement, you acknowledge that </font><a name="_DV_M80"></a><font style="display: inline;color:#000000;">Confidential Information has been and will be developed and acquired by the Company by means of substantial expense and effort, that the Confidential Information is a valuable asset of the Company</font><a name="_DV_M81"></a><font style="display: inline;color:#000000;">, that the disclosure of </font><a name="_DV_M82"></a><font style="display: inline;color:#000000;">Confidential Information to any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> competitors would cause substantial and i</font><a name="_DV_C87"></a><font style="display: inline;color:#000000;">rreparable injury to the Company </font><font style="display: inline;color:#000000;">and its</font><a name="_DV_M83"></a><font style="display: inline;color:#000000;"> business, and that any customers of the Company developed by you or others during your employment are developed on behalf of the Company. </font><a name="_DV_M84"></a><font style="display: inline;color:#000000;"> You further acknowledge that you have been provided with access to Confidential Information, including Confidential Information concerning the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M86"></a><font style="display: inline;color:#000000;">customers, and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> technical, </font><a name="_DV_C89"></a><font style="display: inline;color:#000000;">manufacturing, sales, </font><a name="_DV_M87"></a><font style="display: inline;color:#000000;">marketing</font><a name="_DV_C90"></a><font style="display: inline;color:#000000;">, logistical, financial, personnel</font><a name="_DV_M88"></a><font style="display: inline;color:#000000;"> and business plans, disclosure or misuse of which would irreparably injure the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">In exchange for the consideration specified in </font><font style="display: inline;color:#000000;">Sections 1, 3 and 4</font><font style="display: inline;color:#000000;"> of this Agreement -- the adequacy of which you expressly acknowledge -- you agree that during your employment by the Company and for a period of (1) 12 months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the cases of Sections 7(b)(i)-(iii) below (the &#x201C;Nonsolicitation Period&#x201D;), and (2) six months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the case of Section 7(b)(iv) below </font><font style="display: inline;color:#000000;">(the &#x201C;Noncompetition Period&#x201D;)</font><font style="display: inline;color:#000000;">, you shall not, </font><font style="display: inline;color:#000000;">whether </font><font style="display: inline;color:#000000;">directly or indirectly</font><font style="display: inline;color:#000000;">, alone or in conjunction with another party</font><font style="display: inline;color:#000000;">, as an owner, shareholder, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, employee, manager, consultant, independent contractor, or otherwise:</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(i)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Interfere</font><font style="display: inline;color:#000000;"> with or harm, or attempt to interfere with or harm, the relationship of the Company with any person </font><font style="display: inline;color:#000000;">or entity </font><font style="display: inline;color:#000000;">who is an employee, customer</font><font style="display: inline;color:#000000;">, product</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> services</font><font style="display: inline;color:#000000;"> supplier</font><font style="display: inline;color:#000000;">, business agent or partner</font><font style="display: inline;color:#000000;"> of the Company; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Contact any employee of the Company for the purpose of discussing or suggesting that such employee resign from employment with the Company for the purpose of becoming employed </font><font style="display: inline;color:#000000;">or serving as an independent contractor </font><font style="display: inline;color:#000000;">elsewhere or provide information about individual employees of the Company or personnel policies or procedures of the Company to any person or entity, including any individual, agency or company engaged in the business of recruiting employees, executives or officers;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Recruit or hire, or attempt to recruit or hire, any person who is an employee of the Company, or was an employee of the Company within the prior six months, if such employee or former employee was primarily engaged in a sales, marketing or customer relationship position with the Company or has (or if a former employee had at the time of leaving the Company) a base annual salary rate with the Company in excess of $75,000; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Engage as an individual, employee, consultant, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, partner, manager or otherwise </font><font style="display: inline;color:#000000;">with</font><font style="display: inline;color:#000000;"> any other company </font><font style="display: inline;color:#000000;">or business </font><font style="display: inline;color:#000000;">that competes with the Company, including any of the companies listed on </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;"> attached hereto or their </font><font style="display: inline;color:#000000;">subsidiaries or </font><font style="display: inline;color:#000000;">successors; provided, however, that your &#x201C;beneficial ownership,&#x201D; either individually or as a member of a &#x201C;group&#x201D; as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), of not more than two percent (2%) of the voting stock of any publicly held corporation, shall not be a violation of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M108"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Suspension of Noncompetition Periods</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Nonsolicitation and Noncompetition Periods described in Section 7 of this Agreement shall be suspended while you engage in any activities in breach of this Agreement.&nbsp;&nbsp;In the event that a court grants injunctive relief to the Company for your failure to comply with Section 7, </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the Nonsolicitation </font><font style="display: inline;color:#000000;">Period </font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Noncompetition Peri</font><font style="display: inline;color:#000000;">od</font><font style="display: inline;color:#000000;"> shall begin again on the date such injunctive relief is granted.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(d)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">You agree to immediately inform the Company if you accept employment or begin self-employment within the Nonsolicitation Period or the Noncompetition Period and to provide details about such employment so that the Company can monitor and determine your compliance with the obligations imposed on you under this Agreement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Termination of Employment</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M109"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Upon Death or Disability.&nbsp; </font><font style="display: inline;color:#000000;">Your employment will terminate automatically upon your death.&nbsp;&nbsp;The Company </font><a name="_DV_C113"></a><font style="display: inline;color:#000000;">is</font><a name="_DV_M110"></a><font style="display: inline;color:#000000;"> entitled to terminate your employment because of your disability upon 30 days&#x2019; written notice</font><a name="_DV_C114"></a><font style="display: inline;color:#000000;"> to you</font><a name="_DV_M111"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; will mean &#x201C;total disability&#x201D; as defined in the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> long term disability plan </font><a name="_DV_C116"></a><font style="display: inline;color:#000000;">at the time such notice is given</font><a name="_DV_M112"></a><font style="display: inline;color:#000000;">, or if the Company does not have such a policy at the time of determination then it will mean your inability to perform your regular job responsibilities for </font><a name="_DV_M113"></a><a name="_DV_C118"></a><font style="display: inline;color:#000000;">more than 180 days in any </font><font style="display: inline;color:#000000;">12 month</font><font style="display: inline;color:#000000;"> period</font><a name="_DV_M114"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">event of a termination under this Section 8(a), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date. </font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M115"></a><font style="display: inline;color:#000000;">Following a termination for Disability by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Disability to arbitration in </font><a name="_DV_C120"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M116"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Disability, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M117"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(b)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company for Cause.</font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C122"></a><font style="display: inline;color:#000000;">The Company is entitled to terminate your employment for &#x201C;Cause&#x201D; by giving</font><a name="_DV_M118"></a><font style="display: inline;color:#000000;"> you written notice of such termination.&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Cause&#x201D; shall </font><a name="_DV_C124"></a><font style="display: inline;color:#000000;">mean that you have committed or engaged in</font><a name="_DV_M119"></a><font style="display: inline;color:#000000;"> any one or more of the following</font><a name="_DV_M120"></a><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M121"></a><font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of an act of dishonesty involving the Company, its business or property, including, but not limited to, misappropriation of funds or any property of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M122"></a><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ngagement in activities or conduct clearly injurious to the best interests or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M123"></a><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">w</font><font style="display: inline;color:#000000;">illful and continued failure substantially to perform your duties under this Agreement (other than as a result of physical or mental illness or injury), after the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board delivers to you a written demand for substantial performance that specifically identifies the manner in which the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board believes that you have not substantially performed your duties;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M124"></a><font style="display: inline;color:#000000;">(iv)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">llegal conduct or gross misconduct that is willful and results in material and demonstrable damage to the business or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M125"></a><font style="display: inline;color:#000000;">(v)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of any of the material terms and conditions of this Agreement or any other written agreement or agreements you may from time to time have with the Company</font><a name="_DV_C126"></a><font style="display: inline;color:#000000;"> (following 30 days&#x2019; written notice from the Company specifying the violation and your failure to cure such violation within such 30-day period)</font><a name="_DV_M126"></a><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M127"></a><font style="display: inline;color:#000000;">(vi)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> code of business conduct or the clear violation of any other rules of behavior as may be provided in any employee handbook which would be grounds for dismissal of any employee of the Company; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M128"></a><font style="display: inline;color:#000000;">(vii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of a crime which is a felony, a misdemeanor involving an act of moral turpitude, or a misdemeanor committed in connection with your employment by the Company</font><a name="_DV_M129"></a><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M130"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">No act or failure to act shall be considered &#x201C;willful&#x201D; unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interests of the Company.&nbsp;&nbsp;Any act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board or </font><font style="display: inline;color:#000000;">upon </font><font style="display: inline;color:#000000;">the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M131"></a><font style="display: inline;color:#000000;">In the event of a termination under this Section 8(b), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M132"></a><font style="display: inline;color:#000000;">Following a termination for Cause by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Cause to arbitration in </font><a name="_DV_C129"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M133"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Cause, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M134"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by You.</font></font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C131"></a><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If you choose to terminate your employment with the Company</font><a name="_DV_M135"></a><font style="display: inline;color:#000000;"> for any reason, you must provide the Company with </font><a name="_DV_M136"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice </font><a name="_DV_M137"></a><font style="display: inline;color:#000000;">and</font><a name="_DV_C135"></a><font style="display: inline;color:#000000;"> agree to</font><a name="_DV_M138"></a><font style="display: inline;color:#000000;"> continue working for the Company during the </font><a name="_DV_C137"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;">-day notice period; provided, however, that upon receipt of such notice of termination the Company </font><a name="_DV_C139"></a><font style="display: inline;color:#000000;">may restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confident</font><font style="display: inline;color:#000000;">ial Information during the 30</font><font style="display: inline;color:#000000;">-day notice</font><a name="_DV_M139"></a><font style="display: inline;color:#000000;"> period </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> may </font><font style="display: inline;color:#000000;">determine</font><font style="display: inline;color:#000000;"> that your termination date wi</font><font style="display: inline;color:#000000;">ll be prior to the end of the 30</font><font style="display: inline;color:#000000;">-day notice period.</font><a name="_DV_M140"></a><font style="display: inline;color:#000000;"> &nbsp;In the event of </font><a name="_DV_C141"></a><font style="display: inline;color:#000000;">a</font><a name="_DV_M141"></a><font style="display: inline;color:#000000;"> termination under this paragraph, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><a name="_DV_C142"></a><font style="display: inline;color:#000000;"> sole obligation hereunder</font><a name="_DV_M142"></a><font style="display: inline;color:#000000;"> will </font><a name="_DV_C143"></a><font style="display: inline;color:#000000;">be to </font><a name="_DV_M143"></a><font style="display: inline;color:#000000;">pay you the earned but unpaid portion of your Basic Salary through the termination date</font><a name="_DV_C144"></a><font style="display: inline;color:#000000;"> of your employment</font><a name="_DV_M144"></a><font style="display: inline;color:#000000;">, which termination date will not</font><font style="display: inline;color:#000000;"> be deemed to be earlier than 14</font><font style="display: inline;color:#000000;"> days after the date on which you provide the Company with your written notice of termination.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M145"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company Without Cause</font><a name="_DV_C146"></a><font style="display: inline;font-style:italic;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The Company may terminate your employmen</font><font style="display: inline;color:#000000;">t without Cause by giving you 14</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice of such termination; provided, however, the Company may elect to restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confid</font><font style="display: inline;color:#000000;">ential Information during the 14</font><font style="display: inline;color:#000000;">-day notice period.&nbsp;&nbsp;In the event of a termination without Cause hereunder, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole obligation shall be to pay, maintain or reimburse you the items enumerated in (i) to (iii) below, which obligation shall be effective only upon your prior execution and delivery to the Company of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of any and all claims by you against the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below: </font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C147"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;color:#000000;">(i)&nbsp;&nbsp;The</font><a name="_DV_M146"></a><font style="display: inline;color:#000000;"> Company will pay you the earned but unpaid portion of your Basic Salary </font><a name="_DV_C149"></a><font style="display: inline;color:#000000;">and any earned bonus for a bonus period that was completed prior to the date of termination of your employment</font><font style="display: inline;color:#000000;"> (the &#x201C;Earned Basic Salary&#x201D;)</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C150"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;The Company</font><a name="_DV_M147"></a><font style="display: inline;color:#000000;"> will continue to pay you your Basic Salary for an additional </font><a name="_DV_M148"></a><a name="_DV_C153"></a><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after the date of termination of your employment (th</font><font style="display: inline;color:#000000;">e &#x201C;Severance Period&#x201D;) minus </font><font style="display: inline;color:#000000;">any deductions require</font><font style="display: inline;color:#000000;">d by law for taxes or otherwise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(the &#x201C;Salary Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;&nbsp;Any</font><a name="_DV_M151"></a><font style="display: inline;color:#000000;"> such payments will immediately end if (</font><a name="_DV_C155"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M152"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including Sections 5, 6 and/or 7</font><a name="_DV_C156"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M153"></a><font style="display: inline;color:#000000;">; or (</font><a name="_DV_C158"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M154"></a><font style="display: inline;color:#000000;">) the Company, after your termination, learns of any facts about your job performance or conduct that would have given the Company Cause, as defined in Section 8(b), to terminate your employment</font><a name="_DV_C160"></a><font style="display: inline;color:#000000;">;</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C161"></a><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(iii)&nbsp; </font><font style="display: inline;color:#000000;">If you were employed by the Company for more than one-half of the number of days in the applicable bonus period, then t</font><font style="display: inline;color:#000000;">he Company will pay you a Pro-Rated Bonus (as defined below) if you are eligible under a bonus plan which is based on the financial performance of the Company and which is in effect at the time of your termination but which provides that you must be employed beyond the date of your termination to earn the bonus.&nbsp;&nbsp;Such Pro-Rated Bonus, if any, will be paid at the same time and in the same form that other similarly situated Company employees are paid under the same bonus plan, except that your payment will be ratably reduced to reflect that you did not remain employed during the entire bonus period.&nbsp;&nbsp;The &#x201C;Pro-Rated Bonus&#x201D; means the bonus that would have been payable to you had you remained employed by the Company throughout the bonus period and based on the actual performance of the Company for the entire bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occurred prior to the date of your termination of employment, and the denominator of which is the number of days in the bonus period (e.g., 365 days for an annual bonus plan, 182.5 days for a semi-annual bonus plan, etc.).&nbsp;&nbsp;The Pro-Rated Bonus will not include any amount for a bonus plan, if any, that is based on individual performance criteria.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M155"></a><a name="_DV_M219"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Following </font><font style="display: inline;font-style:italic;color:#000000;">a &nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If a &#x201C;Change in Control,&#x201D;</font><font style="display: inline;color:#000000;"> as defined in Section 8(e</font><font style="display: inline;color:#000000;">)(</font><a name="_DV_M156"></a><font style="display: inline;color:#000000;">vi</font><font style="display: inline;color:#000000;">), s</font><font style="display: inline;color:#000000;">hall have occurred and within 12</font><font style="display: inline;color:#000000;"> months following such Change in Control the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">terminates your employment other than for </font><a name="_DV_C165"></a><font style="display: inline;color:#000000;">Disability under Section 8(a) or Cause under</font><a name="_DV_M157"></a><font style="display: inline;color:#000000;"> Section 8(b), or you terminate your employment for </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Good Reason,</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> as </font><font style="display: inline;color:#000000;">defined in Section 8(e)(</font><font style="display: inline;color:#000000;">vii</font><font style="display: inline;color:#000000;">), </font><a name="_DV_C167"></a><font style="display: inline;color:#000000;">then the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">shall be obligated to pay, maintain</font><font style="display: inline;color:#000000;">, provide</font><font style="display: inline;color:#000000;"> or reimburse</font><font style="display: inline;color:#000000;"> you the item</font><font style="display: inline;color:#000000;">s enumerated in (i) through (iv</font><font style="display: inline;color:#000000;">) below, which obligation shall be effective only upon your prior execution and delivery to the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below</font><font style="display: inline;color:#000000;">:</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C182"></a><font style="display: inline;color:#000000;">(i</font><a name="_DV_M161"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;You shall be paid the Basic Salary, Salary Termination Benefit, and Pro-Rated Bonus as</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">provided</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> Sections 8(d)(i), (ii) and (iii) above.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M178"></a><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;All outstanding stock options and restricted stock awards issued to you shall become 100% vested</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but otherwise</font><font style="display: inline;color:#000000;"> such stock options and restricted stock awards shall </font><font style="display: inline;color:#000000;">remain </font><font style="display: inline;color:#000000;">subject to the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">applicable </font><font style="display: inline;color:#000000;">stock option </font><font style="display: inline;color:#000000;">agreements, </font><font style="display: inline;color:#000000;">restricted stock </font><font style="display: inline;color:#000000;">award </font><font style="display: inline;color:#000000;">agreements and </font><font style="display: inline;color:#000000;">their governing </font><font style="display: inline;color:#000000;">plans.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M179"></a><a name="_DV_M180"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;">If you elect to continue coverage under COBRA following your termination of employment, t</font><font style="display: inline;color:#000000;">he Company s</font><font style="display: inline;color:#000000;">hall maintain for your benefit</font><font style="display: inline;color:#000000;"> at its cost</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> until the earlier of</font><a name="_DV_M181"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after termination of</font><a name="_DV_M182"></a><font style="display: inline;color:#000000;"> your employment following a Change in Control or</font><a name="_DV_M183"></a><font style="display: inline;color:#000000;"> your commencement of </font><font style="display: inline;color:#000000;">employment with a new employer</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">a partnership or </font><font style="display: inline;color:#000000;">self-employment in an activity for profit</font><font style="display: inline;color:#000000;">, all life insurance, medical, health and accident, and disability plans or programs, at </font><font style="display: inline;color:#000000;">substantially </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">same levels</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">which you shall have participate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> prior to termination of </font><font style="display: inline;color:#000000;">your </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> provided</font><font style="display: inline;color:#000000;">, however, that if</font><font style="display: inline;color:#000000;"> your continued participation </font><font style="display: inline;color:#000000;">in any such plan or program </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">permitted under the terms of </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">such plans and programs after </font><font style="display: inline;color:#000000;">termination of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> then </font><font style="display: inline;color:#000000;">the Company will</font><font style="display: inline;color:#000000;">, at its option,</font><font style="display: inline;color:#000000;"> either provide a substantially equivalent benefit from another provider or pay you the cost of obtaining such benefit in your own name </font><font style="display: inline;color:#000000;">(&#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M184"></a><font style="display: inline;color:#000000;">(collectively the </font><font style="display: inline;color:#000000;">Earned Basic Salary, the </font><font style="display: inline;color:#000000;">Salary Termination Benefit</font><font style="display: inline;color:#000000;">, the Pro-Rated Bonus,</font><font style="display: inline;color:#000000;"> and the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit are referred to as the &#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv)&nbsp;&nbsp;The Company is aware that upon the occurrence of a Change in Control, the Board of Directors or a shareholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute litigation seeking to have this Agreement declared unenforceable, or may take or attempt to take other action to deny you the benefits intended under this Agreement.&nbsp;&nbsp;In these circumstances, the purpose of this Agreement could be frustrated.&nbsp;&nbsp;Accordingly, if following a Change in Control it should appear to you that the Company has failed to comply with any of its obligations under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement or in the event that the Company or any other person takes any action to declare Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement void or unenforceable, or institutes any litigation or other legal action designed to deny, diminish or to recover from you the benefits entitled to be provided to you under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;">, and that you have complied with all your obligations under this Agreement, the Company authorizes you to retain counsel of your choice, at the expense of the Company as provided in this Section 8(e)(viii), to represent you in connection with the initiation or defense of any pre-suit settlement negotiations, litigation or other legal action, whether such action is by or against the Company or any Director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction.&nbsp;&nbsp;Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company consents to you entering into an attorney-client relationship with such counsel, and in that connection the Company and you agree that a confidential relationship shall exist between you and such counsel, except with respect to any fee and expense invoices generated by such counsel.&nbsp;&nbsp;The reasonable fees and expenses of counsel selected by you as hereinabove provided shall be paid or reimbursed to you by the Company on a regular, periodic basis upon presentation by you of a statement or statements prepared by such counsel in accordance with its customary practices, up to</font><a name="_DV_C250"></a><font style="display: inline;color:#000000;"> a maximum aggregate amount of</font><a name="_DV_M218"></a><font style="display: inline;color:#000000;"> $50,000.&nbsp;&nbsp;Any legal expenses incurred by the Company by reason of any dispute between the parties as to enforceability</font><font style="display: inline;color:#000000;"> of </font>
		</p>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Section 8(e),</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">any of </font><font style="display: inline;color:#000000;">the terms contained in Section 8(e), notwithstanding the outcome of any such dispute, shall be the sole responsibility of the Company, and the Company shall not take any action to seek reimbursement from you for such expenses.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(v)&nbsp;&nbsp;The Company may immediately discontinue the payment </font><a name="_DV_C226"></a><font style="display: inline;color:#000000;">or provision </font><a name="_DV_M200"></a><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits if (</font><a name="_DV_C228"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M201"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including </font><a name="_DV_C229"></a><font style="display: inline;color:#000000;">those </font><a name="_DV_M202"></a><font style="display: inline;color:#000000;">in Sections 5, 6 and/or 7</font><a name="_DV_C230"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M203"></a><font style="display: inline;color:#000000;">; and/or (</font><a name="_DV_C232"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M204"></a><font style="display: inline;color:#000000;">) the Company learns</font><font style="display: inline;color:#000000;">, within 60 days of your termination of employment,</font><font style="display: inline;color:#000000;"> of any facts about your job performance or conduct that would have given the Company Cause</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> as defined in Section 8(b)</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> to terminate your employment</font><a name="_DV_C234"></a><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">provided further</font><font style="display: inline;color:#000000;">, that the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> obligation to provide the Fringe Termination Benefit shall cease upon the earlier of your becoming employed or self-employed</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M160"></a><font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">v</font><font style="display: inline;color:#000000;">i</font><a name="_DV_C168"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;A &#x201C;Change in Control&#x201D; shall be deemed to have occurred if and when, after the date hereof, (A</font><a name="_DV_X236"></a><a name="_DV_C169"></a><font style="display: inline;color:#000000;">) any &#x201C;person&#x201D; (as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;) on the date hereof, including any &#x201C;group&#x201D; as such term is used in Section 13(d)(3) of the Exchange Act on the date hereof, shall acquire (or disclose the previous acquisition of) beneficial ownership (as that term is defined in Section 13(d) of the Exchange Act and the rules thereunder on the date hereof) of shares of the outstanding stock of any class or classes of the Company which (A) results in such person or group possessing more than 50% of the total voting power of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> outstanding voting securities ordinarily having the right to vote for the election of directors of the Company</font><a name="_DV_C170"></a><font style="display: inline;color:#000000;"> (&#x201C;a Majority Ownership Change&#x201D;); or (B</font><a name="_DV_X238"></a><a name="_DV_C171"></a><font style="display: inline;color:#000000;">) as the result of, or in connection with, any tender or exchange offer, merger or other business combination, </font><a name="_DV_X240"></a><a name="_DV_C172"></a><font style="display: inline;color:#000000;">or any combination of the foregoing transactions (a &#x201C;</font><a name="_DV_C173"></a><font style="display: inline;color:#000000;">Stock </font><a name="_DV_X241"></a><a name="_DV_C174"></a><font style="display: inline;color:#000000;">Transaction&#x201D;), the owners of the voting shares of the Company outstanding immediately prior to such Transaction own less than a majority of the voting shares of the Company after the Transaction; or (</font><a name="_DV_C175"></a><font style="display: inline;color:#000000;">C</font><a name="_DV_X243"></a><a name="_DV_C176"></a><font style="display: inline;color:#000000;">) during any period of two consecutive years during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company (or who take office following the approval of a majority of the directors then in office who were directors at the beginning of the period) cease for any reason to constitute </font><a name="_DV_C177"></a><font style="display: inline;color:#000000;">a majority</font><a name="_DV_X245"></a><a name="_DV_C178"></a><font style="display: inline;color:#000000;"> thereof, unless the election of each director who was not a director at the beginning of such period has been approved in advance by directors of the Company representing at least one-half of the directors then in office who were directors at the beginning of the period</font><a name="_DV_C179"></a><font style="display: inline;color:#000000;"> (a &#x201C;Majority Board Change&#x201D;); or (D</font><a name="_DV_X247"></a><a name="_DV_C180"></a><font style="display: inline;color:#000000;">) the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Company (</font><a name="_DV_C181"></a><font style="display: inline;color:#000000;">an &#x201C;Asset Transaction&#x201D;) shall have occurred.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M186"></a><a name="_DV_M187"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M206"></a><font style="display: inline;color:#000000;">(vi</font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Good Reason&#x201D; means, without your written consent: </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M207"></a><font style="display: inline;color:#000000;">(A)&nbsp;&nbsp;a material change in your status, posi</font><font style="display: inline;color:#000000;">tion</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities which </font><font style="display: inline;color:#000000;">does not represent a promotion from your existing </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">status, position</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities as in effect immediately </font><font style="display: inline;color:#000000;">prior to the Change in Control </font><font style="display: inline;color:#000000;">(except in connection with the termination of employment for total and permanent disability, death, or Cause, or by </font><font style="display: inline;color:#000000;">you other than for Good Reason)</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M208"></a><font style="display: inline;color:#000000;">(B)&nbsp;&nbsp;a reduction by the Company in your Basic Salary as in effect on the date of the Change in Control</font><font style="display: inline;color:#000000;">, other than a reduction of up to 20% of your Basic Salary pursuant to Section 3(a) of this Agreement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to increase (within </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months of your last increase in Basic Salary) your Basic Salary after a Change in Control in an amount which at least equals, on a percentage basis, the average percentage increase in Basic Salary for all </font><font style="display: inline;color:#000000;">senior </font><font style="display: inline;color:#000000;">executive officers of the Company, which were effected in the preceding </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(C) the failure of the</font><font style="display: inline;color:#000000;"> Company to continue to maintain your participation in </font><font style="display: inline;color:#000000;">an</font><font style="display: inline;color:#000000;">y</font><font style="display: inline;color:#000000;"> incentive, bonus or similar compensation plan</font><font style="display: inline;color:#000000;">, including stock option and restricted stock plans, at substantially the level of your participation therein prior to the Change of Control.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M209"></a><a name="_DV_M210"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M211"></a><font style="display: inline;color:#000000;">(D</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;the failure by the Company to continue to provide you with benefits substantially similar to those enjoyed or to which you are en</font><font style="display: inline;color:#000000;">titled under any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> profit sharing, life insurance, medical, dental, health and accident, disability plans</font><font style="display: inline;color:#000000;">, paid vacation, leave and similar benefits in provided</font><font style="display: inline;color:#000000;"> at the time </font><font style="display: inline;color:#000000;">of a Change in Control</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(E)</font><font style="display: inline;color:#000000;"> &nbsp;the relocation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> principal executive offices to a location more than 75 miles from Nelsonville, Ohio or the relocation of your regular office assignment by the Company to a location outside of a 35 mile radius of Nelsonville, Ohio;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M212"></a><font style="display: inline;color:#000000;">(F)&nbsp;&nbsp;the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Agreement;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M213"></a><font style="display: inline;color:#000000;">(G)&nbsp;&nbsp;any request by the Company that you participate in an unlawful act; or </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M214"></a><font style="display: inline;color:#000000;">(H)&nbsp;&nbsp;any </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">breach of this Agreement </font><font style="display: inline;color:#000000;">by</font><font style="display: inline;color:#000000;"> the Company</font><font style="display: inline;color:#000000;"> which if curable is not cured within 10 days after you provide notice of such breach to the Company</font><font style="display: inline;color:#000000;">.</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M215"></a>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M216"></a><font style="display: inline;color:#000000;">(f</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;text-decoration:underline;">Obligations of Company Upon Termination of Employment</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Upon any </font><font style="display: inline;color:#000000;">termination</font><font style="display: inline;color:#000000;"> of your employment hereunder, the Company shall have no further obligations under this Agreement and no further payments shall be payable</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and no further benefits </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be provided, </font><font style="display: inline;color:#000000;">by the Company to you, except as provided in Section 8 above and except as required under any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">benefit plans or arrangements maintained by the Company and applicable to you at the time of such term</font><font style="display: inline;color:#000000;">ination </font><font style="display: inline;color:#000000;">of your employment.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M217"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(g</font><font style="display: inline;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Waiver of Noncompetition Provision</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that the Company terminates your employment in the manner described in Section 8(d), Termination by </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company Without Cause, </font><font style="display: inline;color:#000000;">or your employment is </font><font style="display: inline;color:#000000;">terminated following a Change in</font><font style="display: inline;color:#000000;"> Control </font><font style="display: inline;color:#000000;">either </font><font style="display: inline;color:#000000;">by the Company other than for Disability </font><font style="display: inline;color:#000000;">under Section 8(a)</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">f</font><font style="display: inline;color:#000000;">or Cause under Section 8(b) or </font><font style="display: inline;color:#000000;">is terminated </font><font style="display: inline;color:#000000;">by you for Good Reason, then </font><font style="display: inline;color:#000000;">at any time during the Noncompetition Period you may make a written request to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Chairman of the Board</font><font style="display: inline;color:#000000;"> for a waiver of the Noncompetition Period and the covenants contained in Section 7(b)(iv).&nbsp;&nbsp;Such request will be </font><font style="display: inline;color:#000000;">considered</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but</font><font style="display: inline;color:#000000;"> will be granted, in whole or in part, or denied at the absolute discretion of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Board of Directors.&nbsp;&nbsp;If a waiver is granted, as of the date of the waiver, the severance </font><font style="display: inline;color:#000000;">benefits </font><font style="display: inline;color:#000000;">provided in Section</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> 8(d)(i)-(iii) </font><font style="display: inline;color:#000000;">and 8(e)(i)-(iv)</font><font style="display: inline;color:#000000;">, as applicable,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">will cease.&nbsp;&nbsp;Notwithstanding the foregoing, the Nonsolicitation Period and the covenants contained in Section 7(b)(i)-(iii) will remain in full force and effect until expiration of the Nonsolicitation Period.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(h</font><font style="display: inline;color:#000000;">) &nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">No Limitation on Certain Obligations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Ex</font><font style="display: inline;color:#000000;">cept as set forth in Section 8(g</font><font style="display: inline;color:#000000;">) above, nothing contained in this Section 8 shall be construed as limiting your obligations under Sections 5, 6, or 7 of this Agreement concerning Confidential Information, Inventions, or Noncompetition and Nonsolicitation.</font></font>
		</p>
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(i</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You and the Company desire to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the &#x201C;Code&#x201D;), in accordance with the transition rules applicable under IRS Notice 2007-86 and Final Regulations issued under Section 409A of the Code.&nbsp;&nbsp;Therefore, notwithstanding</font><font style="display: inline;color:#000000;"> any provision of this Agreement to the contrary, if the Company determines that you are a &#x201C;specified employee&#x201D; as defined in Section 409A of the Code or any guidance promulgated thereunder (&#x201C;Code Section 409A&#x201D;), you shall not be entitled to any payments </font><font style="display: inline;color:#000000;">under Section 8 of this Agreement </font><font style="display: inline;color:#000000;">upon termination of your employment with the Company for any reason </font><font style="display: inline;color:#000000;">that otherwise would cause you to incur any additional tax or interest under Code Section 409A, </font><font style="display: inline;color:#000000;">until the earlier of (i) the date which is six months after </font><font style="display: inline;color:#000000;">the date of </font><font style="display: inline;color:#000000;">such termination, or (ii) the date of your death.&nbsp;&nbsp;If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause you to incur any additional tax or interest under Code Section 409A, the Company shall, after consulting with you and receiving your approval (which shall not be unreasonably withheld), reform such provision in such a manner as shall not cause you to incur any such tax or interest.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Remedies; Venue; Process</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M229"></a><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">You hereby acknowledge and agree that the Confidential Information disclosed to you prior to and during the term of this Agreement is of a special, unique and extraordinary character, and that any breach of this Agreement will cause the Company irreparable injury and damage, and consequently the Company shall be entitled, in addition to all other legal and equitable remedies available to it, to injunctive and any other equitable relief to prevent or cease a breach of Sections 5, 6, or 7 of this Agreement without further proof of harm and entitlement; that the terms of this Agreement, if enforced by the Company, will not unduly impair your ability to earn a living or pursue your vocation; and further, that the Company may cease paying any compensation and benefits under Section 8 if you fail to comply with this Agreement, without restricting the Company from other legal and equitable remedies.&nbsp;&nbsp;The parties agree that the prevailing party in litigation concerning a breach of this Agreement shall be entitled to all costs and expenses (including reasonable legal fees and expenses) which it incurs in successfully enforcing this Agreement and in prosecuting or defending any litigation (including appellate proceedings) concerning a breach of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M230"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except </font><a name="_DV_C260"></a><font style="display: inline;color:#000000;">as otherwise specifically provided in</font><a name="_DV_M231"></a><font style="display: inline;color:#000000;"> of this Agreement, the parties agree that jurisdiction and venue in any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly lie in the Court of Common Pleas of Athens County, Ohio.&nbsp;&nbsp;Such jurisdiction and venue is exclusive, except that the Company may bring suit in any jurisdiction and venue where jurisdiction and venue would otherwise be proper if you may have breached Sections 5, 6, or 7 of this Agreement.&nbsp;&nbsp;The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity for service by any other means provided by statute or rule of court.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M232"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">10.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Exit Interview</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to termination of your employment with the Company for any reason, you shall attend an exit interview if desired by the Company and shall, in any event, inform the Company at the earliest possible time of the identity of your future employer and of the nature of your future employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M233"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">11.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Waiver</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any failure by the Company to enforce any provision of this Agreement shall no</font><font style="display: inline;color:#000000;">t in any way affect the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> right to enforce such provision or any other provision at a later time.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M234"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">12.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Saving</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is later found to be completely or partially unenforceable, the remaining part of that provision of any other provision of this Agreement shall still be valid and shall not in any way be affected by the finding.&nbsp;&nbsp;Moreover, if any provision is for any reason held to be unreasonably broad as to time, duration, geographical scope, activity or subject, such provision shall be interpreted and enforced by limiting and reducing it to preserve enforceability to the maximum extent permitted by law.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M235"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">13.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Limitation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You acknowledge that your employment by the Company may be terminated at any time by the Company or by you with or without cause in accordance with the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">terms of this Agreement.&nbsp;&nbsp;This Agreement is in addition to and not in place of other obligations of trust, confidence and ethical duty imposed on you by law.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M236"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">14.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C261"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Notices.</font><font style="display: inline;color:#000000;"> &nbsp;Notices and all other communications under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, or upon receipt if overnight delivery service is used, addressed as follows:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C262"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To You:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C263"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Thomas Robertson </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C266"></a><font style="display: inline;color:#000000;">119 N Cassingham R</font><font style="display: inline;color:#000000;">oa</font><font style="display: inline;color:#000000;">d</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Bexley, Ohio 43209</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To the Company:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C267"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C268"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">39 East Canal Street</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C269"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Nelsonville, OH 45764</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C274"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">15.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M237"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio without reference to its choice of law rules.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C276"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">16.</font><a name="_DV_M238"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Final Agreement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;This Agreement replaces any existing agreement between you and the Company relating to the same subject matter and may be modified only by an agreement in writing signed by both you and a duly authorized representative of the Company.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C278"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">17.</font><a name="_DV_M239"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Further Acknowledgments</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp;&nbsp;&nbsp;YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS AGREEMENT, THAT YOU HAVE READ AND UNDERSTOOD THIS AGREEMENT, THAT YOU UNDERSTAND THIS AGREEMENT AFFECTS YOUR RIGHTS, AND THAT YOU HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font><a name="_DV_C279"></a>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="height:16pt;text-indent:0pt;margin-left:0pt; width:36pt;"></font><font style="height:16pt;text-indent:0pt;margin-left:0pt; width:-1pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><a name="_DV_M240"></a><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M241"></a><font style="display: inline;color:#000000;">By:&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">/s/ Jason Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Jason</font><font style="display: inline;color:#000000;"> Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">President and Chief Executive Officer </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M245"></a><font style="display: inline;font-weight:bold;color:#000000;">EXECUTIVE:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M246"></a><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Thomas Robertson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
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		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 6pt">
			<a name="_DV_M247"></a><font style="display: inline;color:#000000;font-size:6pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;">Rocky Brands, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Exhibit A to Employment Agreement with </font><font style="display: inline;font-weight:bold;color:#000000;">Thomas </font><font style="display: inline;font-weight:bold;color:#000000;">Robertson</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Lacrosse</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Danner</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wolverine World Wide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Merrell</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Caterpillar</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dickies</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carhartt</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carolina</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Thorogood</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Nike</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Galls</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Altama</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Skechers</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Timberland</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Red Wing</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Ariat</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">H.H. Brown</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Justin</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cabela&#x2019;s</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bass Pro</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Sportsman&#x2019;s Guide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Muck</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Chippewa</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Realtree</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bellville</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Garmont</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Oakley</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Reebok</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
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			&nbsp;
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font>

		</p>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>rcky-20190107xex10_3.htm
<DESCRIPTION>EX-10.3
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	<head>
		<title>
			Exhibit 10.3 - Rocky Brands - David Dixon
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.3</font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">ROCKY BRANDS, INC</font><font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;color:#000000;font-size:18pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt">
			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M5"></a><font style="display: inline;color:#000000;">This Agreement is made </font><font style="display: inline;color:#000000;">effective </font><font style="display: inline;color:#000000;">as of th</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M6"></a><font style="display: inline;color:#000000;">1st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">day of </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;">, &nbsp;</font><a name="_DV_M7"></a><font style="display: inline;color:#000000;">2019</font><font style="display: inline;color:#000000;"> by and between </font><font style="display: inline;font-weight:bold;color:#000000;">DAVID DIXON</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font><font style="display: inline;color:#000000;">, an Ohio corporation with its principal office at 39 East Canal Street, Nelsonville, Ohio 45764.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">A.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C16"></a><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font><a name="_DV_M11"></a><font style="display: inline;color:#000000;"> and its subsidiaries (collectively, the &#x201C;Company&#x201D;) are engaged in the business of designing, manufacturing and marketing high quality men&#x2019;s and women&#x2019;s footwear, apparel, and accessories</font><a name="_DV_M12"></a><font style="display: inline;color:#000000;"> and, in connection with its business, the Company develops and uses valuable technical and nontechnical trade secrets and other confidential information which it desires to protect.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">B.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are</font><a name="_DV_C18"></a><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">currently</font><a name="_DV_M14"></a><font style="display: inline;color:#000000;"> employed as an executive officer of the Company</font><font style="display: inline;color:#000000;"> and/or one or more of its subsidiaries</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M15"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">C.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">The Company considers your continued services to be in the best interest of the Company and desires, through this Agreement, to assure your continued services on behalf of the Company on an objective and impartial basis and without distraction or conflict of interest in the event of an attempt to obtain control of the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M16"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">D.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are willing to remain in the employ of the Company on the terms set forth in this </font><a name="_DV_C20"></a><font style="display: inline;color:#000000;">Agreement</font><a name="_DV_M17"></a><font style="display: inline;color:#000000;">.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M18"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M19"></a><font style="display: inline;color:#000000;">NOW, THEREFORE, the parties agree as follows:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M20"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">1.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Consideration</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As consideration for </font><a name="_DV_C22"></a><font style="display: inline;color:#000000;">you</font><a name="_DV_M21"></a><font style="display: inline;color:#000000;"> entering into this Agreement and your willingness to remain bound by its terms, the Company shall employ you</font><a name="_DV_C24"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M22"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M23"></a><font style="display: inline;color:#000000;"> access to certain Confidential Information as defined in this Agreement</font><a name="_DV_C26"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M24"></a><font style="display: inline;color:#000000;"> and</font><a name="_DV_C27"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M25"></a><font style="display: inline;color:#000000;"> other valuable consideration as </font><a name="_DV_C29"></a><font style="display: inline;color:#000000;">specified</font><a name="_DV_M26"></a><font style="display: inline;color:#000000;"> in this Agreement, including </font><a name="_DV_C30"></a><font style="display: inline;color:#000000;">the compensation and benefits as set forth </font><a name="_DV_M27"></a><font style="display: inline;color:#000000;">in Sections 3 and </font><a name="_DV_C32"></a><font style="display: inline;color:#000000;">4, respectively,</font><a name="_DV_M28"></a><font style="display: inline;color:#000000;"> of this Agreement.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M29"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:21.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">2.</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -2.7pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Employment</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M30"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 4.5pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(a)&nbsp; </font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Position</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You will be employed as the </font><a name="_DV_X273"></a><a name="_DV_C33"></a><font style="display: inline;color:#000000;">President, Sourcing and Manufacturing </font><font style="display: inline;color:#000000;">of Rocky Brands, Inc.</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C34"></a><font style="display: inline;color:#000000;">reporting to th</font><a name="_DV_M31"></a><font style="display: inline;color:#000000;">e &nbsp;</font><font style="display: inline;color:#000000;">Chief Executive Officer </font><font style="display: inline;color:#000000;">of the Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons employed in similar executive capacities</font><a name="_DV_C35"></a><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If elected to other offices of the Company</font><font style="display: inline;color:#000000;"> or its subsidiaries</font><font style="display: inline;color:#000000;">, you will also serve in such capacities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M33"></a>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(b)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Restricted Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;While employed by the Company, you shall devote your </font><a name="_DV_C36"></a><font style="display: inline;color:#000000;">full business time and attention and your </font><a name="_DV_M34"></a><font style="display: inline;color:#000000;">best efforts to the business of the Company and </font><a name="_DV_C38"></a><font style="display: inline;color:#000000;">exercise the highest degree of loyalty and care with respect to the affairs of the Company, discharging your duties competently, diligently and effectively.&nbsp;&nbsp;You will</font><a name="_DV_M35"></a><font style="display: inline;color:#000000;"> not engage in any outside employment or consulting work without first securing the approval of the</font><a name="_DV_C40"></a><font style="display: inline;color:#000000;"> Board of Directors of Rocky Brands, Inc. (the &#x201C;</font><font style="display: inline;color:#000000;">Rocky</font><font style="display: inline;color:#000000;"> Board</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The foregoing shall not preclude you from serving on civic or charitable boards or committees or managing personal investments, so long as such activities</font><a name="_DV_C42"></a><font style="display: inline;color:#000000;"> do not interfere with </font><font style="display: inline;color:#000000;">the performance of your responsibilities</font><a name="_DV_M39"></a><a name="_DV_C44"></a><font style="display: inline;color:#000000;"> hereunder </font><font style="display: inline;color:#000000;">or</font><a name="_DV_M40"></a><font style="display: inline;color:#000000;"> violate the other provisions of this Agreement</font><a name="_DV_C45"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall not serve on the board of any for-profit corporation or entity without the prior consent of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M41"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You further agree to comply fully with all policies and practices of the Company as are from time to time in effect.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M42"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">3.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Compensation</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M43"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Your compensation will be at an annual base rate of </font><a name="_DV_C47"></a><font style="display: inline;color:#000000;">$</font><font style="display: inline;color:#000000;">210,000 </font><font style="display: inline;color:#000000;">as of January 1, 20</font><a name="_DV_M44"></a><a name="_DV_C49"></a><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(&#x201C;Basic Salary&#x201D;), payable in accordance with the normal payroll practices of the Company.&nbsp;&nbsp;Your Basic Salary may be increased </font><a name="_DV_M46"></a><font style="display: inline;color:#000000;">from time to time by</font><a name="_DV_M47"></a><font style="display: inline;color:#000000;"> the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_C52"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Your Basic Salary may also be decreased from time to time by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board by up to 20% of your Basic Salary in effect at that time, but only if the salaries of all other executive officers of the Company with similar agreements </font><font style="display: inline;color:#000000;">providing for salary reductions </font><font style="display: inline;color:#000000;">have similar decreases of their base salaries in effect at the time.</font><a name="_DV_C54"></a><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M52"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M53"></a><font style="display: inline;color:#000000;">You will be eligible to </font><font style="display: inline;color:#000000;">participate in annual incentive or bonus programs and to receive restricted stock and stock option awards </font><font style="display: inline;color:#000000;">with respect to the common stock of the Company as shall be determined by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board in its discretion and pursuant to the terms of plans adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board from time to time.</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M54"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Subject to applicable Company policies, you will be reimbursed for necessary and reasonable business expenses incurred in connection with the performance of your duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company. </font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M55"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">4.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Fringe Benefits</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">You will be entitled to receive employee benefits and participate in any employee benefit plans, in accordance with their terms as from time to time amended, that the Company maintains during your employment and which are made generally available to all other management employees in like positions.&nbsp;&nbsp;This includes a 401(k) and profit sharing plan.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M56"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">5.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Confidential Information</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M57"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Confidential Information&#x201D; means any information you acquire during employment by the Company (including information you conceive, discover or develop) which is not readily available to the general public and which relates to the business, including research and devel</font><font style="display: inline;color:#000000;">opment projects, of the Company</font><font style="display: inline;color:#000000;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M58"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">includes</font><font style="display: inline;color:#000000;">, without limitation, information of a technical nature (such as trade secrets, inventions, discoveries, product requirements, designs, </font>
		</font>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">software codes and manufacturing methods), matters of a business nature (such as customer lists, the identities of customer contacts, information about customer requirements and preferences, the terms of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> contracts with its customers and suppliers, and the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> costs and prices), personnel information (such as the identities, duties, customer contacts, </font><a name="_DV_M59"></a><font style="display: inline;color:#000000;">skills</font><a name="_DV_C61"></a><font style="display: inline;color:#000000;">, and&nbsp;&nbsp;personnel data</font><a name="_DV_M60"></a><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> employees) and other financial information relating to the Company and its customers (</font><font style="display: inline;color:#000000;">such as</font><font style="display: inline;color:#000000;"> credit terms, methods of conducting business, computer systems, computer software,</font><a name="_DV_M61"></a><font style="display: inline;color:#000000;"> and strategic marketing, sales or other business plans).&nbsp;&nbsp;Confidential Information may or may not be patentable. </font></p>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M62"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">does not include</font><font style="display: inline;color:#000000;"> information which you learned prior to employment with the Company from sources other than the Company, information you develop after employment </font><font style="display: inline;color:#000000;">with the Company </font><font style="display: inline;color:#000000;">from sources other than the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Confidential Information or </font><font style="display: inline;color:#000000;">from </font><font style="display: inline;color:#000000;">information which is readily available to persons with equivalent skills, training and experience in the same fields or fields of endeavor as you.&nbsp;&nbsp;You must presume that all information that is disclosed or made accessible to you during employment by the Company is Confidential Information if you have a reasonable basis to believe the information is Confidential Information or if you have notice that the Company treats the information as Confidential Information. </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M63"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d)&nbsp; </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except in conducting the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business, you shall not at any time, either during or following your employment with the Company, make use of, or disclose to any other person or entity, any Confidential Information unless (i) the specific information becomes public from a source other than you or another person or entity that owes a duty of confidentiality to the Compan</font><a name="_DV_M64"></a><font style="display: inline;color:#000000;">y, and (ii)</font><a name="_DV_M65"></a><font style="display: inline;color:#000000;"> 12 months have passed since the specific information became public.&nbsp;&nbsp;However, you may discuss Confidential Information with employees of the Company when necessary to perform your duties to the Company.&nbsp;&nbsp;Notwithstanding the foregoing, if you are ordered by a court of competent jurisdiction to disclose Confidential Information, </font><font style="display: inline;color:#000000;">you will officially advise the c</font><font style="display: inline;color:#000000;">ourt that you are under a duty of confidentiality to the Company hereunder, take reasonable steps to delay disclosure until the Company may be heard by </font><font style="display: inline;color:#000000;">such</font><font style="display: inline;color:#000000;"> Court, give the</font><font style="display: inline;color:#000000;"> Company prompt notice of such c</font><font style="display: inline;color:#000000;">ourt order, and if ordered to disclose such Confidential Information you shall seek to do so under seal or in camera or in such other manner as reasonably designed to restrict the public disclosure and maintain the maximum confidentiality of such Confidential Information.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M66"></a><a name="_DV_X76"></a><a name="_DV_C67"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_C68"></a><font style="display: inline;color:#000000;"> for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M67"></a><font style="display: inline;color:#000000;"> or an authorized executive officer of the Company</font><font style="display: inline;color:#000000;">, you shall deli</font><a name="_DV_C70"></a><font style="display: inline;color:#000000;">ver to the Company all originals </font><font style="display: inline;color:#000000;">and</font><a name="_DV_M68"></a><a name="_DV_C72"></a><font style="display: inline;color:#000000;"> copies </font><font style="display: inline;color:#000000;">of any</font><a name="_DV_M69"></a><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C74"></a><font style="display: inline;color:#000000;">notes, documents, computer data </font><font style="display: inline;color:#000000;">(however stored including such data on your personal digital assistant device or personal computer) and</font><a name="_DV_M70"></a><font style="display: inline;color:#000000;"> records of any kind that reflect or relate to any Confidential Information.&nbsp;&nbsp;As used herein, the term &#x201C;notes&#x201D; means written or printed words, symbols, pictures, numbers or formulae.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M71"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">6.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Inventions</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M72"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Inventions&#x201D; means any inventions, improvements, designs, plans, discoveries or innovations of a technical or business nature, whether patentable or not, relating in any way to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business or contemplated business if the Invention is conceived or </font><font style="display: inline;color:#000000;">reduced</font><font style="display: inline;color:#000000;"> to practice by you during your employment by the Company.&nbsp;&nbsp;Inventions includes all data, records, physical embodiments and intellectual property pertaining thereto.&nbsp;&nbsp;Inventions reduced to pra</font><a name="_DV_C79"></a><font style="display: inline;color:#000000;">ctice within one year following </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_M73"></a><font style="display: inline;color:#000000;"> shall be presumed to have been conceived during</font><a name="_DV_C80"></a><font style="display: inline;color:#000000;"> your</font><a name="_DV_M74"></a><font style="display: inline;color:#000000;"> employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M75"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Inventions are the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> exclusive property and shall be promptly disclosed and assigned to the Company without additional compensation of any kind.&nbsp;&nbsp;If requested by the Company, you, your heirs, your executors, your administrators or legal representative will provide any information, documents, testimony or other assistance needed for the Company to acquire, maintain, perfect or exercise any form of legal protection that the Company desires in connection with an Invention.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M76"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><a name="_DV_C82"></a><font style="display: inline;color:#000000;">termination of your employment with the Company for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board </font><font style="display: inline;color:#000000;">or an authorized executive officer</font><font style="display: inline;color:#000000;"> of the Company</font><a name="_DV_M77"></a><font style="display: inline;color:#000000;">, you shall deliver to the Company all copies of and all notes with respect to all documents or records of any kind that relate to any Inventions.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M78"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">7.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Noncompetition and Nonsolicitation</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M79"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">By entering into this Agreement, you acknowledge that </font><a name="_DV_M80"></a><font style="display: inline;color:#000000;">Confidential Information has been and will be developed and acquired by the Company by means of substantial expense and effort, that the Confidential Information is a valuable asset of the Company</font><a name="_DV_M81"></a><font style="display: inline;color:#000000;">, that the disclosure of </font><a name="_DV_M82"></a><font style="display: inline;color:#000000;">Confidential Information to any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> competitors would cause substantial and i</font><a name="_DV_C87"></a><font style="display: inline;color:#000000;">rreparable injury to the Company </font><font style="display: inline;color:#000000;">and its</font><a name="_DV_M83"></a><font style="display: inline;color:#000000;"> business, and that any customers of the Company developed by you or others during your employment are developed on behalf of the Company. </font><a name="_DV_M84"></a><font style="display: inline;color:#000000;"> You further acknowledge that you have been provided with access to Confidential Information, including Confidential Information concerning the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M86"></a><font style="display: inline;color:#000000;">customers, and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> technical, </font><a name="_DV_C89"></a><font style="display: inline;color:#000000;">manufacturing, sales, </font><a name="_DV_M87"></a><font style="display: inline;color:#000000;">marketing</font><a name="_DV_C90"></a><font style="display: inline;color:#000000;">, logistical, financial, personnel</font><a name="_DV_M88"></a><font style="display: inline;color:#000000;"> and business plans, disclosure or misuse of which would irreparably injure the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">In exchange for the consideration specified in </font><font style="display: inline;color:#000000;">Sections 1, 3 and 4</font><font style="display: inline;color:#000000;"> of this Agreement -- the adequacy of which you expressly acknowledge -- you agree that during your employment by the Company and for a period of (1) 12 months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the cases of Sections 7(b)(i)-(iii) below (the &#x201C;Nonsolicitation Period&#x201D;), and (2) six months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the case of Section 7(b)(iv) below </font><font style="display: inline;color:#000000;">(the &#x201C;Noncompetition Period&#x201D;)</font><font style="display: inline;color:#000000;">, you shall not, </font><font style="display: inline;color:#000000;">whether </font><font style="display: inline;color:#000000;">directly or indirectly</font><font style="display: inline;color:#000000;">, alone or in conjunction with another party</font><font style="display: inline;color:#000000;">, as an owner, shareholder, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, employee, manager, consultant, independent contractor, or otherwise:</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(i)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Interfere</font><font style="display: inline;color:#000000;"> with or harm, or attempt to interfere with or harm, the relationship of the Company with any person </font><font style="display: inline;color:#000000;">or entity </font><font style="display: inline;color:#000000;">who is an employee, customer</font><font style="display: inline;color:#000000;">, product</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> services</font><font style="display: inline;color:#000000;"> supplier</font><font style="display: inline;color:#000000;">, business agent or partner</font><font style="display: inline;color:#000000;"> of the Company; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Contact any employee of the Company for the purpose of discussing or suggesting that such employee resign from employment with the Company for the purpose of becoming employed </font><font style="display: inline;color:#000000;">or serving as an independent contractor </font><font style="display: inline;color:#000000;">elsewhere or provide information about individual employees of the Company or personnel policies or procedures of the Company to any person or entity, including any individual, agency or company engaged in the business of recruiting employees, executives or officers;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Recruit or hire, or attempt to recruit or hire, any person who is an employee of the Company, or was an employee of the Company within the prior six months, if such employee or former employee was primarily engaged in a sales, marketing or customer relationship position with the Company or has (or if a former employee had at the time of leaving the Company) a base annual salary rate with the Company in excess of $75,000; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Engage as an individual, employee, consultant, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, partner, manager or otherwise </font><font style="display: inline;color:#000000;">with</font><font style="display: inline;color:#000000;"> any other company </font><font style="display: inline;color:#000000;">or business </font><font style="display: inline;color:#000000;">that competes with the Company, including any of the companies listed on </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;"> attached hereto or their </font><font style="display: inline;color:#000000;">subsidiaries or </font><font style="display: inline;color:#000000;">successors; provided, however, that your &#x201C;beneficial ownership,&#x201D; either individually or as a member of a &#x201C;group&#x201D; as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), of not more than two percent (2%) of the voting stock of any publicly held corporation, shall not be a violation of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M108"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Suspension of Noncompetition Periods</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Nonsolicitation and Noncompetition Periods described in Section 7 of this Agreement shall be suspended while you engage in any activities in breach of this Agreement.&nbsp;&nbsp;In the event that a court grants injunctive relief to the Company for your failure to comply with Section 7, </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the Nonsolicitation </font><font style="display: inline;color:#000000;">Period </font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Noncompetition Peri</font><font style="display: inline;color:#000000;">od</font><font style="display: inline;color:#000000;"> shall begin again on the date such injunctive relief is granted.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(d)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">You agree to immediately inform the Company if you accept employment or begin self-employment within the Nonsolicitation Period or the Noncompetition Period and to provide details about such employment so that the Company can monitor and determine your compliance with the obligations imposed on you under this Agreement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Termination of Employment</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M109"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Upon Death or Disability.&nbsp; </font><font style="display: inline;color:#000000;">Your employment will terminate automatically upon your death.&nbsp;&nbsp;The Company </font><a name="_DV_C113"></a><font style="display: inline;color:#000000;">is</font><a name="_DV_M110"></a><font style="display: inline;color:#000000;"> entitled to terminate your employment because of your disability upon 30 days&#x2019; written notice</font><a name="_DV_C114"></a><font style="display: inline;color:#000000;"> to you</font><a name="_DV_M111"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; will mean &#x201C;total disability&#x201D; as defined in the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> long term disability plan </font><a name="_DV_C116"></a><font style="display: inline;color:#000000;">at the time such notice is given</font><a name="_DV_M112"></a><font style="display: inline;color:#000000;">, or if the Company does not have such a policy at the time of determination then it will mean your inability to perform your regular job responsibilities for </font><a name="_DV_M113"></a><a name="_DV_C118"></a><font style="display: inline;color:#000000;">more than 180 days in any </font><font style="display: inline;color:#000000;">12 month</font><font style="display: inline;color:#000000;"> period</font><a name="_DV_M114"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">event of a termination under this Section 8(a), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date. </font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M115"></a><font style="display: inline;color:#000000;">Following a termination for Disability by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Disability to arbitration in </font><a name="_DV_C120"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M116"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Disability, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M117"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(b)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company for Cause.</font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C122"></a><font style="display: inline;color:#000000;">The Company is entitled to terminate your employment for &#x201C;Cause&#x201D; by giving</font><a name="_DV_M118"></a><font style="display: inline;color:#000000;"> you written notice of such termination.&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Cause&#x201D; shall </font><a name="_DV_C124"></a><font style="display: inline;color:#000000;">mean that you have committed or engaged in</font><a name="_DV_M119"></a><font style="display: inline;color:#000000;"> any one or more of the following</font><a name="_DV_M120"></a><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M121"></a><font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of an act of dishonesty involving the Company, its business or property, including, but not limited to, misappropriation of funds or any property of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M122"></a><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ngagement in activities or conduct clearly injurious to the best interests or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M123"></a><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">w</font><font style="display: inline;color:#000000;">illful and continued failure substantially to perform your duties under this Agreement (other than as a result of physical or mental illness or injury), after the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board delivers to you a written demand for substantial performance that specifically identifies the manner in which the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board believes that you have not substantially performed your duties;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M124"></a><font style="display: inline;color:#000000;">(iv)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">llegal conduct or gross misconduct that is willful and results in material and demonstrable damage to the business or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M125"></a><font style="display: inline;color:#000000;">(v)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of any of the material terms and conditions of this Agreement or any other written agreement or agreements you may from time to time have with the Company</font><a name="_DV_C126"></a><font style="display: inline;color:#000000;"> (following 30 days&#x2019; written notice from the Company specifying the violation and your failure to cure such violation within such 30-day period)</font><a name="_DV_M126"></a><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M127"></a><font style="display: inline;color:#000000;">(vi)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> code of business conduct or the clear violation of any other rules of behavior as may be provided in any employee handbook which would be grounds for dismissal of any employee of the Company; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M128"></a><font style="display: inline;color:#000000;">(vii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of a crime which is a felony, a misdemeanor involving an act of moral turpitude, or a misdemeanor committed in connection with your employment by the Company</font><a name="_DV_M129"></a><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M130"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">No act or failure to act shall be considered &#x201C;willful&#x201D; unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interests of the Company.&nbsp;&nbsp;Any act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board or </font><font style="display: inline;color:#000000;">upon </font><font style="display: inline;color:#000000;">the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M131"></a><font style="display: inline;color:#000000;">In the event of a termination under this Section 8(b), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M132"></a><font style="display: inline;color:#000000;">Following a termination for Cause by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Cause to arbitration in </font><a name="_DV_C129"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M133"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Cause, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M134"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by You.</font></font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C131"></a><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If you choose to terminate your employment with the Company</font><a name="_DV_M135"></a><font style="display: inline;color:#000000;"> for any reason, you must provide the Company with </font><a name="_DV_M136"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice </font><a name="_DV_M137"></a><font style="display: inline;color:#000000;">and</font><a name="_DV_C135"></a><font style="display: inline;color:#000000;"> agree to</font><a name="_DV_M138"></a><font style="display: inline;color:#000000;"> continue working for the Company during the </font><a name="_DV_C137"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;">-day notice period; provided, however, that upon receipt of such notice of termination the Company </font><a name="_DV_C139"></a><font style="display: inline;color:#000000;">may restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confident</font><font style="display: inline;color:#000000;">ial Information during the 30</font><font style="display: inline;color:#000000;">-day notice</font><a name="_DV_M139"></a><font style="display: inline;color:#000000;"> period </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> may </font><font style="display: inline;color:#000000;">determine</font><font style="display: inline;color:#000000;"> that your termination date wi</font><font style="display: inline;color:#000000;">ll be prior to the end of the 30</font><font style="display: inline;color:#000000;">-day notice period.</font><a name="_DV_M140"></a><font style="display: inline;color:#000000;"> &nbsp;In the event of </font><a name="_DV_C141"></a><font style="display: inline;color:#000000;">a</font><a name="_DV_M141"></a><font style="display: inline;color:#000000;"> termination under this paragraph, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><a name="_DV_C142"></a><font style="display: inline;color:#000000;"> sole obligation hereunder</font><a name="_DV_M142"></a><font style="display: inline;color:#000000;"> will </font><a name="_DV_C143"></a><font style="display: inline;color:#000000;">be to </font><a name="_DV_M143"></a><font style="display: inline;color:#000000;">pay you the earned but unpaid portion of your Basic Salary through the termination date</font><a name="_DV_C144"></a><font style="display: inline;color:#000000;"> of your employment</font><a name="_DV_M144"></a><font style="display: inline;color:#000000;">, which termination date will not</font><font style="display: inline;color:#000000;"> be deemed to be earlier than 14</font><font style="display: inline;color:#000000;"> days after the date on which you provide the Company with your written notice of termination.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M145"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company Without Cause</font><a name="_DV_C146"></a><font style="display: inline;font-style:italic;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The Company may terminate your employmen</font><font style="display: inline;color:#000000;">t without Cause by giving you 14</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice of such termination; provided, however, the Company may elect to restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confid</font><font style="display: inline;color:#000000;">ential Information during the 14</font><font style="display: inline;color:#000000;">-day notice period.&nbsp;&nbsp;In the event of a termination without Cause hereunder, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole obligation shall be to pay, maintain or reimburse you the items enumerated in (i) to (iii) below, which obligation shall be effective only upon your prior execution and delivery to the Company of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of any and all claims by you against the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below: </font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C147"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;color:#000000;">(i)&nbsp;&nbsp;The</font><a name="_DV_M146"></a><font style="display: inline;color:#000000;"> Company will pay you the earned but unpaid portion of your Basic Salary </font><a name="_DV_C149"></a><font style="display: inline;color:#000000;">and any earned bonus for a bonus period that was completed prior to the date of termination of your employment</font><font style="display: inline;color:#000000;"> (the &#x201C;Earned Basic Salary&#x201D;)</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C150"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;The Company</font><a name="_DV_M147"></a><font style="display: inline;color:#000000;"> will continue to pay you your Basic Salary for an additional </font><a name="_DV_M148"></a><a name="_DV_C153"></a><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after the date of termination of your employment (th</font><font style="display: inline;color:#000000;">e &#x201C;Severance Period&#x201D;) minus </font><font style="display: inline;color:#000000;">any deductions require</font><font style="display: inline;color:#000000;">d by law for taxes or otherwise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(the &#x201C;Salary Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;&nbsp;Any</font><a name="_DV_M151"></a><font style="display: inline;color:#000000;"> such payments will immediately end if (</font><a name="_DV_C155"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M152"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including Sections 5, 6 and/or 7</font><a name="_DV_C156"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M153"></a><font style="display: inline;color:#000000;">; or (</font><a name="_DV_C158"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M154"></a><font style="display: inline;color:#000000;">) the Company, after your termination, learns of any facts about your job performance or conduct that would have given the Company Cause, as defined in Section 8(b), to terminate your employment</font><a name="_DV_C160"></a><font style="display: inline;color:#000000;">;</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C161"></a><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(iii)&nbsp; </font><font style="display: inline;color:#000000;">If you were employed by the Company for more than one-half of the number of days in the applicable bonus period, then t</font><font style="display: inline;color:#000000;">he Company will pay you a Pro-Rated Bonus (as defined below) if you are eligible under a bonus plan which is based on the financial performance of the Company and which is in effect at the time of your termination but which provides that you must be employed beyond the date of your termination to earn the bonus.&nbsp;&nbsp;Such Pro-Rated Bonus, if any, will be paid at the same time and in the same form that other similarly situated Company employees are paid under the same bonus plan, except that your payment will be ratably reduced to reflect that you did not remain employed during the entire bonus period.&nbsp;&nbsp;The &#x201C;Pro-Rated Bonus&#x201D; means the bonus that would have been payable to you had you remained employed by the Company throughout the bonus period and based on the actual performance of the Company for the entire bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occurred prior to the date of your termination of employment, and the denominator of which is the number of days in the bonus period (e.g., 365 days for an annual bonus plan, 182.5 days for a semi-annual bonus plan, etc.).&nbsp;&nbsp;The Pro-Rated Bonus will not include any amount for a bonus plan, if any, that is based on individual performance criteria.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M155"></a><a name="_DV_M219"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Following </font><font style="display: inline;font-style:italic;color:#000000;">a &nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If a &#x201C;Change in Control,&#x201D;</font><font style="display: inline;color:#000000;"> as defined in Section 8(e</font><font style="display: inline;color:#000000;">)(</font><a name="_DV_M156"></a><font style="display: inline;color:#000000;">vi</font><font style="display: inline;color:#000000;">), s</font><font style="display: inline;color:#000000;">hall have occurred and within 12</font><font style="display: inline;color:#000000;"> months following such Change in Control the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">terminates your employment other than for </font><a name="_DV_C165"></a><font style="display: inline;color:#000000;">Disability under Section 8(a) or Cause under</font><a name="_DV_M157"></a><font style="display: inline;color:#000000;"> Section 8(b), or you terminate your employment for </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Good Reason,</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> as </font><font style="display: inline;color:#000000;">defined in Section 8(e)(</font><font style="display: inline;color:#000000;">vii</font><font style="display: inline;color:#000000;">), </font><a name="_DV_C167"></a><font style="display: inline;color:#000000;">then the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">shall be obligated to pay, maintain</font><font style="display: inline;color:#000000;">, provide</font><font style="display: inline;color:#000000;"> or reimburse</font><font style="display: inline;color:#000000;"> you the item</font><font style="display: inline;color:#000000;">s enumerated in (i) through (iv</font><font style="display: inline;color:#000000;">) below, which obligation shall be effective only upon your prior execution and delivery to the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below</font><font style="display: inline;color:#000000;">:</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C182"></a><font style="display: inline;color:#000000;">(i</font><a name="_DV_M161"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;You shall be paid the Basic Salary, Salary Termination Benefit, and Pro-Rated Bonus as</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">provided</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> Sections 8(d)(i), (ii) and (iii) above.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M178"></a><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;All outstanding stock options and restricted stock awards issued to you shall become 100% vested</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but otherwise</font><font style="display: inline;color:#000000;"> such stock options and restricted stock awards shall </font><font style="display: inline;color:#000000;">remain </font><font style="display: inline;color:#000000;">subject to the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">applicable </font><font style="display: inline;color:#000000;">stock option </font><font style="display: inline;color:#000000;">agreements, </font><font style="display: inline;color:#000000;">restricted stock </font><font style="display: inline;color:#000000;">award </font><font style="display: inline;color:#000000;">agreements and </font><font style="display: inline;color:#000000;">their governing </font><font style="display: inline;color:#000000;">plans.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M179"></a><a name="_DV_M180"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;">If you elect to continue coverage under COBRA following your termination of employment, t</font><font style="display: inline;color:#000000;">he Company s</font><font style="display: inline;color:#000000;">hall maintain for your benefit</font><font style="display: inline;color:#000000;"> at its cost</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> until the earlier of</font><a name="_DV_M181"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after termination of</font><a name="_DV_M182"></a><font style="display: inline;color:#000000;"> your employment following a Change in Control or</font><a name="_DV_M183"></a><font style="display: inline;color:#000000;"> your commencement of </font><font style="display: inline;color:#000000;">employment with a new employer</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">a partnership or </font><font style="display: inline;color:#000000;">self-employment in an activity for profit</font><font style="display: inline;color:#000000;">, all life insurance, medical, health and accident, and disability plans or programs, at </font><font style="display: inline;color:#000000;">substantially </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">same levels</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">which you shall have participate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> prior to termination of </font><font style="display: inline;color:#000000;">your </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> provided</font><font style="display: inline;color:#000000;">, however, that if</font><font style="display: inline;color:#000000;"> your continued participation </font><font style="display: inline;color:#000000;">in any such plan or program </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">permitted under the terms of </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">such plans and programs after </font><font style="display: inline;color:#000000;">termination of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> then </font><font style="display: inline;color:#000000;">the Company will</font><font style="display: inline;color:#000000;">, at its option,</font><font style="display: inline;color:#000000;"> either provide a substantially equivalent benefit from another provider or pay you the cost of obtaining such benefit in your own name </font><font style="display: inline;color:#000000;">(&#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M184"></a><font style="display: inline;color:#000000;">(collectively the </font><font style="display: inline;color:#000000;">Earned Basic Salary, the </font><font style="display: inline;color:#000000;">Salary Termination Benefit</font><font style="display: inline;color:#000000;">, the Pro-Rated Bonus,</font><font style="display: inline;color:#000000;"> and the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit are referred to as the &#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv)&nbsp;&nbsp;The Company is aware that upon the occurrence of a Change in Control, the Board of Directors or a shareholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute litigation seeking to have this Agreement declared unenforceable, or may take or attempt to take other action to deny you the benefits intended under this Agreement.&nbsp;&nbsp;In these circumstances, the purpose of this Agreement could be frustrated.&nbsp;&nbsp;Accordingly, if following a Change in Control it should appear to you that the Company has failed to comply with any of its obligations under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement or in the event that the Company or any other person takes any action to declare Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement void or unenforceable, or institutes any litigation or other legal action designed to deny, diminish or to recover from you the benefits entitled to be provided to you under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;">, and that you have complied with all your obligations under this Agreement, the Company authorizes you to retain counsel of your choice, at the expense of the Company as provided in this Section 8(e)(viii), to represent you in connection with the initiation or defense of any pre-suit settlement negotiations, litigation or other legal action, whether such action is by or against the Company or any Director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction.&nbsp;&nbsp;Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company consents to you entering into an attorney-client relationship with such counsel, and in that connection the Company and you agree that a confidential relationship shall exist between you and such counsel, except with respect to any fee and expense invoices generated by such counsel.&nbsp;&nbsp;The reasonable fees and expenses of counsel selected by you as hereinabove provided shall be paid or reimbursed to you by the Company on a regular, periodic basis upon presentation by you of a statement or statements prepared by such counsel in accordance with its customary practices, up to</font><a name="_DV_C250"></a><font style="display: inline;color:#000000;"> a maximum aggregate amount of</font><a name="_DV_M218"></a><font style="display: inline;color:#000000;"> $50,000.&nbsp;&nbsp;Any legal expenses incurred by the Company by reason of any dispute between the parties as to enforceability</font><font style="display: inline;color:#000000;"> of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Section 8(e),</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">any of </font><font style="display: inline;color:#000000;">the terms contained in Section 8(e), notwithstanding the outcome of any such dispute, shall be the sole responsibility of the Company, and the Company shall not take any action to seek reimbursement from you for such expenses.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(v)&nbsp;&nbsp;The Company may immediately discontinue the payment </font><a name="_DV_C226"></a><font style="display: inline;color:#000000;">or provision </font><a name="_DV_M200"></a><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits if (</font><a name="_DV_C228"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M201"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including </font><a name="_DV_C229"></a><font style="display: inline;color:#000000;">those </font><a name="_DV_M202"></a><font style="display: inline;color:#000000;">in Sections 5, 6 and/or 7</font><a name="_DV_C230"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M203"></a><font style="display: inline;color:#000000;">; and/or (</font><a name="_DV_C232"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M204"></a><font style="display: inline;color:#000000;">) the Company learns</font><font style="display: inline;color:#000000;">, within 60 days of your termination of employment,</font><font style="display: inline;color:#000000;"> of any facts about your job performance or conduct that would have given the Company Cause</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> as defined in Section 8(b)</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> to terminate your employment</font><a name="_DV_C234"></a><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">provided further</font><font style="display: inline;color:#000000;">, that the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> obligation to provide the Fringe Termination Benefit shall cease upon the earlier of your becoming employed or self-employed</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M160"></a><font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">v</font><font style="display: inline;color:#000000;">i</font><a name="_DV_C168"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;A &#x201C;Change in Control&#x201D; shall be deemed to have occurred if and when, after the date hereof, (A</font><a name="_DV_X236"></a><a name="_DV_C169"></a><font style="display: inline;color:#000000;">) any &#x201C;person&#x201D; (as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;) on the date hereof, including any &#x201C;group&#x201D; as such term is used in Section 13(d)(3) of the Exchange Act on the date hereof, shall acquire (or disclose the previous acquisition of) beneficial ownership (as that term is defined in Section 13(d) of the Exchange Act and the rules thereunder on the date hereof) of shares of the outstanding stock of any class or classes of the Company which (A) results in such person or group possessing more than 50% of the total voting power of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> outstanding voting securities ordinarily having the right to vote for the election of directors of the Company</font><a name="_DV_C170"></a><font style="display: inline;color:#000000;"> (&#x201C;a Majority Ownership Change&#x201D;); or (B</font><a name="_DV_X238"></a><a name="_DV_C171"></a><font style="display: inline;color:#000000;">) as the result of, or in connection with, any tender or exchange offer, merger or other business combination, </font><a name="_DV_X240"></a><a name="_DV_C172"></a><font style="display: inline;color:#000000;">or any combination of the foregoing transactions (a &#x201C;</font><a name="_DV_C173"></a><font style="display: inline;color:#000000;">Stock </font><a name="_DV_X241"></a><a name="_DV_C174"></a><font style="display: inline;color:#000000;">Transaction&#x201D;), the owners of the voting shares of the Company outstanding immediately prior to such Transaction own less than a majority of the voting shares of the Company after the Transaction; or (</font><a name="_DV_C175"></a><font style="display: inline;color:#000000;">C</font><a name="_DV_X243"></a><a name="_DV_C176"></a><font style="display: inline;color:#000000;">) during any period of two consecutive years during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company (or who take office following the approval of a majority of the directors then in office who were directors at the beginning of the period) cease for any reason to constitute </font><a name="_DV_C177"></a><font style="display: inline;color:#000000;">a majority</font><a name="_DV_X245"></a><a name="_DV_C178"></a><font style="display: inline;color:#000000;"> thereof, unless the election of each director who was not a director at the beginning of such period has been approved in advance by directors of the Company representing at least one-half of the directors then in office who were directors at the beginning of the period</font><a name="_DV_C179"></a><font style="display: inline;color:#000000;"> (a &#x201C;Majority Board Change&#x201D;); or (D</font><a name="_DV_X247"></a><a name="_DV_C180"></a><font style="display: inline;color:#000000;">) the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Company (</font><a name="_DV_C181"></a><font style="display: inline;color:#000000;">an &#x201C;Asset Transaction&#x201D;) shall have occurred.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M186"></a><a name="_DV_M187"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M206"></a><font style="display: inline;color:#000000;">(vi</font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Good Reason&#x201D; means, without your written consent: </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M207"></a><font style="display: inline;color:#000000;">(A)&nbsp;&nbsp;a material change in your status, posi</font><font style="display: inline;color:#000000;">tion</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities which </font><font style="display: inline;color:#000000;">does not represent a promotion from your existing </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">status, position</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities as in effect immediately </font><font style="display: inline;color:#000000;">prior to the Change in Control </font><font style="display: inline;color:#000000;">(except in connection with the termination of employment for total and permanent disability, death, or Cause, or by </font><font style="display: inline;color:#000000;">you other than for Good Reason)</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M208"></a><font style="display: inline;color:#000000;">(B)&nbsp;&nbsp;a reduction by the Company in your Basic Salary as in effect on the date of the Change in Control</font><font style="display: inline;color:#000000;">, other than a reduction of up to 20% of your Basic Salary pursuant to Section 3(a) of this Agreement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to increase (within </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months of your last increase in Basic Salary) your Basic Salary after a Change in Control in an amount which at least equals, on a percentage basis, the average percentage increase in Basic Salary for all </font><font style="display: inline;color:#000000;">senior </font><font style="display: inline;color:#000000;">executive officers of the Company, which were effected in the preceding </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(C) the failure of the</font><font style="display: inline;color:#000000;"> Company to continue to maintain your participation in </font><font style="display: inline;color:#000000;">an</font><font style="display: inline;color:#000000;">y</font><font style="display: inline;color:#000000;"> incentive, bonus or similar compensation plan</font><font style="display: inline;color:#000000;">, including stock option and restricted stock plans, at substantially the level of your participation therein prior to the Change of Control.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M209"></a><a name="_DV_M210"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M211"></a><font style="display: inline;color:#000000;">(D</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;the failure by the Company to continue to provide you with benefits substantially similar to those enjoyed or to which you are en</font><font style="display: inline;color:#000000;">titled under any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> profit sharing, life insurance, medical, dental, health and accident, disability plans</font><font style="display: inline;color:#000000;">, paid vacation, leave and similar benefits in provided</font><font style="display: inline;color:#000000;"> at the time </font><font style="display: inline;color:#000000;">of a Change in Control</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(E)</font><font style="display: inline;color:#000000;"> &nbsp;the relocation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> principal executive offices to a location more than 75 miles from Nelsonville, Ohio or the relocation of your regular office assignment by the Company to a location outside of a 35 mile radius of Nelsonville, Ohio;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M212"></a><font style="display: inline;color:#000000;">(F)&nbsp;&nbsp;the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Agreement;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M213"></a><font style="display: inline;color:#000000;">(G)&nbsp;&nbsp;any request by the Company that you participate in an unlawful act; or </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M214"></a><font style="display: inline;color:#000000;">(H)&nbsp;&nbsp;any </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">breach of this Agreement </font><font style="display: inline;color:#000000;">by</font><font style="display: inline;color:#000000;"> the Company</font><font style="display: inline;color:#000000;"> which if curable is not cured within 10 days after you provide notice of such breach to the Company</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M215"></a>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M216"></a><font style="display: inline;color:#000000;">(f</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;text-decoration:underline;">Obligations of Company Upon Termination of Employment</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Upon any </font><font style="display: inline;color:#000000;">termination</font><font style="display: inline;color:#000000;"> of your employment hereunder, the Company shall have no further obligations under this Agreement and no further payments shall be payable</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and no further benefits </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be provided, </font><font style="display: inline;color:#000000;">by the Company to you, except as provided in Section 8 above and except as required under any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">benefit plans or arrangements maintained by the Company and applicable to you at the time of such term</font><font style="display: inline;color:#000000;">ination </font><font style="display: inline;color:#000000;">of your employment.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M217"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(g</font><font style="display: inline;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Waiver of Noncompetition Provision</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that the Company terminates your employment in the manner described in Section 8(d), Termination by </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company Without Cause, </font><font style="display: inline;color:#000000;">or your employment is </font><font style="display: inline;color:#000000;">terminated following a Change in</font><font style="display: inline;color:#000000;"> Control </font><font style="display: inline;color:#000000;">either </font><font style="display: inline;color:#000000;">by the Company other than for Disability </font><font style="display: inline;color:#000000;">under Section 8(a)</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">f</font><font style="display: inline;color:#000000;">or Cause under Section 8(b) or </font><font style="display: inline;color:#000000;">is terminated </font><font style="display: inline;color:#000000;">by you for Good Reason, then </font><font style="display: inline;color:#000000;">at any time during the Noncompetition Period you may make a written request to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Chairman of the Board</font><font style="display: inline;color:#000000;"> for a waiver of the Noncompetition Period and the covenants contained in Section 7(b)(iv).&nbsp;&nbsp;Such request will be </font><font style="display: inline;color:#000000;">considered</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but</font><font style="display: inline;color:#000000;"> will be granted, in whole or in part, or denied at the absolute discretion of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Board of Directors.&nbsp;&nbsp;If a waiver is granted, as of the date of the waiver, the severance </font><font style="display: inline;color:#000000;">benefits </font><font style="display: inline;color:#000000;">provided in Section</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> 8(d)(i)-(iii) </font><font style="display: inline;color:#000000;">and 8(e)(i)-(iv)</font><font style="display: inline;color:#000000;">, as applicable,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">will cease.&nbsp;&nbsp;Notwithstanding the foregoing, the Nonsolicitation Period and the covenants contained in Section 7(b)(i)-(iii) will remain in full force and effect until expiration of the Nonsolicitation Period.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(h</font><font style="display: inline;color:#000000;">) &nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">No Limitation on Certain Obligations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Ex</font><font style="display: inline;color:#000000;">cept as set forth in Section 8(g</font><font style="display: inline;color:#000000;">) above, nothing contained in this Section 8 shall be construed as limiting your obligations under Sections 5, 6, or 7 of this Agreement concerning Confidential Information, Inventions, or Noncompetition and Nonsolicitation.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(i</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You and the Company desire to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the &#x201C;Code&#x201D;), in accordance with the transition rules applicable under IRS Notice 2007-86 and Final Regulations issued under Section 409A of the Code.&nbsp;&nbsp;Therefore, notwithstanding</font><font style="display: inline;color:#000000;"> any provision of this Agreement to the contrary, if the Company determines that you are a &#x201C;specified employee&#x201D; as defined in Section 409A of the Code or any guidance promulgated thereunder (&#x201C;Code Section 409A&#x201D;), you shall not be entitled to any payments </font><font style="display: inline;color:#000000;">under Section 8 of this Agreement </font><font style="display: inline;color:#000000;">upon termination of your employment with the Company for any reason </font><font style="display: inline;color:#000000;">that otherwise would cause you to incur any additional tax or interest under Code Section 409A, </font><font style="display: inline;color:#000000;">until the earlier of (i) the date which is six months after </font><font style="display: inline;color:#000000;">the date of </font><font style="display: inline;color:#000000;">such termination, or (ii) the date of your death.&nbsp;&nbsp;If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause you to incur any additional tax or interest under Code Section 409A, the Company shall, after consulting with you and receiving your approval (which shall not be unreasonably withheld), reform such provision in such a manner as shall not cause you to incur any such tax or interest.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Remedies; Venue; Process</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M229"></a><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">You hereby acknowledge and agree that the Confidential Information disclosed to you prior to and during the term of this Agreement is of a special, unique and extraordinary character, and that any breach of this Agreement will cause the Company irreparable injury and damage, and consequently the Company shall be entitled, in addition to all other legal and equitable remedies available to it, to injunctive and any other equitable relief to prevent or cease a breach of Sections 5, 6, or 7 of this Agreement without further proof of harm and entitlement; that the terms of this Agreement, if enforced by the Company, will not unduly impair your ability to earn a living or pursue your vocation; and further, that the Company may cease paying any compensation and benefits under Section 8 if you fail to comply with this Agreement, without restricting the Company from other legal and equitable remedies.&nbsp;&nbsp;The parties agree that the prevailing party in litigation concerning a breach of this Agreement shall be entitled to all costs and expenses (including reasonable legal fees and expenses) which it incurs in successfully enforcing this Agreement and in prosecuting or defending any litigation (including appellate proceedings) concerning a breach of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M230"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except </font><a name="_DV_C260"></a><font style="display: inline;color:#000000;">as otherwise specifically provided in</font><a name="_DV_M231"></a><font style="display: inline;color:#000000;"> of this Agreement, the parties agree that jurisdiction and venue in any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly lie in the Court of Common Pleas of Athens County, Ohio.&nbsp;&nbsp;Such jurisdiction and venue is exclusive, except that the Company may bring suit in any jurisdiction and venue where jurisdiction and venue would otherwise be proper if you may have breached Sections 5, 6, or 7 of this Agreement.&nbsp;&nbsp;The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity for service by any other means provided by statute or rule of court.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M232"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">10.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Exit Interview</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to termination of your employment with the Company for any reason, you shall attend an exit interview if desired by the Company and shall, in any event, inform the Company at the earliest possible time of the identity of your future employer and of the nature of your future employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M233"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">11.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Waiver</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any failure by the Company to enforce any provision of this Agreement shall no</font><font style="display: inline;color:#000000;">t in any way affect the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> right to enforce such provision or any other provision at a later time.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M234"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">12.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Saving</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is later found to be completely or partially unenforceable, the remaining part of that provision of any other provision of this Agreement shall still be valid and shall not in any way be affected by the finding.&nbsp;&nbsp;Moreover, if any provision is for any reason held to be unreasonably broad as to time, duration, geographical scope, activity or subject, such provision shall be interpreted and enforced by limiting and reducing it to preserve enforceability to the maximum extent permitted by law.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M235"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">13.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Limitation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You acknowledge that your employment by the Company may be terminated at any time by the Company or by you with or without cause in accordance with the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">terms of this Agreement.&nbsp;&nbsp;This Agreement is in addition to and not in place of other obligations of trust, confidence and ethical duty imposed on you by law.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M236"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">14.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C261"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Notices.</font><font style="display: inline;color:#000000;"> &nbsp;Notices and all other communications under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, or upon receipt if overnight delivery service is used, addressed as follows:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C262"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To You:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C263"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">David Dixon</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">1</font><font style="display: inline;color:#000000;">4668 Bradford Drive</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Logan</font><font style="display: inline;color:#000000;">, Ohio 43</font><font style="display: inline;color:#000000;">138</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C266"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To the Company:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C267"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C268"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">39 East Canal Street</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C269"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Nelsonville, OH 45764</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C274"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">15.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M237"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio without reference to its choice of law rules.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C276"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">16.</font><a name="_DV_M238"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Final Agreement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;This Agreement replaces any existing agreement between you and the Company relating to the same subject matter and may be modified only by an agreement in writing signed by both you and a duly authorized representative of the Company.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C278"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">17.</font><a name="_DV_M239"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Further Acknowledgments</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp;&nbsp;&nbsp;YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS AGREEMENT, THAT YOU HAVE READ AND UNDERSTOOD THIS AGREEMENT, THAT YOU UNDERSTAND THIS AGREEMENT AFFECTS YOUR RIGHTS, AND THAT YOU HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font><a name="_DV_C279"></a>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="height:16pt;text-indent:0pt;margin-left:0pt; width:36pt;"></font><font style="height:16pt;text-indent:0pt;margin-left:0pt; width:-1pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><a name="_DV_M240"></a><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M241"></a><font style="display: inline;color:#000000;">By:&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jason Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Jason</font><font style="display: inline;color:#000000;"> Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">President and Chief Executive Officer </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M245"></a><font style="display: inline;font-weight:bold;color:#000000;">EXECUTIVE:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M246"></a><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ David Dixon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">David Dixon </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 6pt">
			<a name="_DV_M247"></a><font style="display: inline;color:#000000;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;">Rocky Brands, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Exhibit A to Employment Agreement with</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">David Dixon</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Lacrosse</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Danner</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wolverine World Wide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Merrell</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Caterpillar</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dickies</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carhartt</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carolina</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Thorogood</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Nike</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Galls</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Altama</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Skechers</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Timberland</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Red Wing</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Ariat</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">H.H. Brown</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Justin</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cabela&#x2019;s</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bass Pro</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Sportsman&#x2019;s Guide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Muck</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Chippewa</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Realtree</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bellville</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Garmont</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Oakley</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Reebok</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font>

		</p>

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			Exhibit 10.4 - Rocky Brands - Richard Simms
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		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.4</font>

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			&nbsp;

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</div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">ROCKY BRANDS, INC</font><font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;color:#000000;font-size:18pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt">
			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M5"></a><font style="display: inline;color:#000000;">This Agreement is made </font><font style="display: inline;color:#000000;">effective </font><font style="display: inline;color:#000000;">as of th</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M6"></a><font style="display: inline;color:#000000;">1st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">day of </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;">, &nbsp;</font><a name="_DV_M7"></a><font style="display: inline;color:#000000;">2019</font><font style="display: inline;color:#000000;"> by and between </font><font style="display: inline;font-weight:bold;color:#000000;">RICHARD SIMMS</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font><font style="display: inline;color:#000000;">, an Ohio corporation with its principal office at 39 East Canal Street, Nelsonville, Ohio 45764.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">A.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C16"></a><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font><a name="_DV_M11"></a><font style="display: inline;color:#000000;"> and its subsidiaries (collectively, the &#x201C;Company&#x201D;) are engaged in the business of designing, manufacturing and marketing high quality men&#x2019;s and women&#x2019;s footwear, apparel, and accessories</font><a name="_DV_M12"></a><font style="display: inline;color:#000000;"> and, in connection with its business, the Company develops and uses valuable technical and nontechnical trade secrets and other confidential information which it desires to protect.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">B.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are</font><a name="_DV_C18"></a><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">currently</font><a name="_DV_M14"></a><font style="display: inline;color:#000000;"> employed as an executive officer of the Company</font><font style="display: inline;color:#000000;"> and/or one or more of its subsidiaries</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M15"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">C.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">The Company considers your continued services to be in the best interest of the Company and desires, through this Agreement, to assure your continued services on behalf of the Company on an objective and impartial basis and without distraction or conflict of interest in the event of an attempt to obtain control of the Company.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M16"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">D.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are willing to remain in the employ of the Company on the terms set forth in this </font><a name="_DV_C20"></a><font style="display: inline;color:#000000;">Agreement</font><a name="_DV_M17"></a><font style="display: inline;color:#000000;">.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M18"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Agreement</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M19"></a><font style="display: inline;color:#000000;">NOW, THEREFORE, the parties agree as follows:</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M20"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">1.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Consideration</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As consideration for </font><a name="_DV_C22"></a><font style="display: inline;color:#000000;">you</font><a name="_DV_M21"></a><font style="display: inline;color:#000000;"> entering into this Agreement and your willingness to remain bound by its terms, the Company shall employ you</font><a name="_DV_C24"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M22"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M23"></a><font style="display: inline;color:#000000;"> access to certain Confidential Information as defined in this Agreement</font><a name="_DV_C26"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M24"></a><font style="display: inline;color:#000000;"> and</font><a name="_DV_C27"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M25"></a><font style="display: inline;color:#000000;"> other valuable consideration as </font><a name="_DV_C29"></a><font style="display: inline;color:#000000;">specified</font><a name="_DV_M26"></a><font style="display: inline;color:#000000;"> in this Agreement, including </font><a name="_DV_C30"></a><font style="display: inline;color:#000000;">the compensation and benefits as set forth </font><a name="_DV_M27"></a><font style="display: inline;color:#000000;">in Sections 3 and </font><a name="_DV_C32"></a><font style="display: inline;color:#000000;">4, respectively,</font><a name="_DV_M28"></a><font style="display: inline;color:#000000;"> of this Agreement.</font></font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M29"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:21.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">2.</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -2.7pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Employment</font><font style="display: inline;color:#000000;">.</font>
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		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M30"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 4.5pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(a)&nbsp; </font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Position</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You will be employed as the </font><a name="_DV_X273"></a><a name="_DV_C33"></a><font style="display: inline;color:#000000;">President, </font><font style="display: inline;color:#000000;">Operations</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C34"></a><font style="display: inline;color:#000000;">reporting to th</font><a name="_DV_M31"></a><font style="display: inline;color:#000000;">e &nbsp;</font><font style="display: inline;color:#000000;">Chief Executive Officer </font><font style="display: inline;color:#000000;">of the Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons employed in similar executive capacities</font><a name="_DV_C35"></a><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If elected to other offices of the Company</font><font style="display: inline;color:#000000;"> or its subsidiaries</font><font style="display: inline;color:#000000;">, you will also serve in such capacities.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M33"></a>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(b)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Restricted Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;While employed by the Company, you shall devote your </font><a name="_DV_C36"></a><font style="display: inline;color:#000000;">full business time and attention and your </font><a name="_DV_M34"></a><font style="display: inline;color:#000000;">best efforts to the business of the Company and </font><a name="_DV_C38"></a><font style="display: inline;color:#000000;">exercise the highest degree of loyalty and care with respect to the affairs of the Company, discharging your duties competently, diligently and effectively.&nbsp;&nbsp;You will</font><a name="_DV_M35"></a><font style="display: inline;color:#000000;"> not engage in any outside employment or consulting work without first securing the approval of the</font><a name="_DV_C40"></a><font style="display: inline;color:#000000;"> Board of Directors of Rocky Brands, Inc. (the &#x201C;</font><font style="display: inline;color:#000000;">Rocky</font><font style="display: inline;color:#000000;"> Board</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The foregoing shall not preclude you from serving on civic or charitable boards or committees or managing personal investments, so long as such activities</font><a name="_DV_C42"></a><font style="display: inline;color:#000000;"> do not interfere with </font><font style="display: inline;color:#000000;">the performance of your responsibilities</font><a name="_DV_M39"></a><a name="_DV_C44"></a><font style="display: inline;color:#000000;"> hereunder </font><font style="display: inline;color:#000000;">or</font><a name="_DV_M40"></a><font style="display: inline;color:#000000;"> violate the other provisions of this Agreement</font><a name="_DV_C45"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall not serve on the board of any for-profit corporation or entity without the prior consent of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M41"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You further agree to comply fully with all policies and practices of the Company as are from time to time in effect.</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M42"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">3.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Compensation</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M43"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Your compensation will be at an annual base rate of </font><a name="_DV_C47"></a><font style="display: inline;color:#000000;">$</font><font style="display: inline;color:#000000;">234,000</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">as of January 1, 20</font><a name="_DV_M44"></a><a name="_DV_C49"></a><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(&#x201C;Basic Salary&#x201D;), payable in accordance with the normal payroll practices of the Company.&nbsp;&nbsp;Your Basic Salary may be increased </font><a name="_DV_M46"></a><font style="display: inline;color:#000000;">from time to time by</font><a name="_DV_M47"></a><font style="display: inline;color:#000000;"> the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_C52"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Your Basic Salary may also be decreased from time to time by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board by up to 20% of your Basic Salary in effect at that time, but only if the salaries of all other executive officers of the Company with similar agreements </font><font style="display: inline;color:#000000;">providing for salary reductions </font><font style="display: inline;color:#000000;">have similar decreases of their base salaries in effect at the time.</font><a name="_DV_C54"></a><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M52"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M53"></a><font style="display: inline;color:#000000;">You will be eligible to </font><font style="display: inline;color:#000000;">participate in annual incentive or bonus programs and to receive restricted stock and stock option awards </font><font style="display: inline;color:#000000;">with respect to the common stock of the Company as shall be determined by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board in its discretion and pursuant to the terms of plans adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board from time to time.</font></font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M54"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Subject to applicable Company policies, you will be reimbursed for necessary and reasonable business expenses incurred in connection with the performance of your duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company. </font></font>
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M55"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">4.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Fringe Benefits</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">You will be entitled to receive employee benefits and participate in any employee benefit plans, in accordance with their terms as from time to time amended, that the Company maintains during your employment and which are made generally available to all other management employees in like positions.&nbsp;&nbsp;This includes a 401(k) and profit sharing plan.&nbsp; </font></font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M56"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">5.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Confidential Information</font><font style="display: inline;color:#000000;">.</font></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M57"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Confidential Information&#x201D; means any information you acquire during employment by the Company (including information you conceive, discover or develop) which is not readily available to the general public and which relates to the business, including research and devel</font><font style="display: inline;color:#000000;">opment projects, of the Company</font><font style="display: inline;color:#000000;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M58"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">includes</font><font style="display: inline;color:#000000;">, without limitation, information of a technical nature (such as trade secrets, inventions, discoveries, product requirements, designs, </font>
		</font>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">software codes and manufacturing methods), matters of a business nature (such as customer lists, the identities of customer contacts, information about customer requirements and preferences, the terms of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> contracts with its customers and suppliers, and the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> costs and prices), personnel information (such as the identities, duties, customer contacts, </font><a name="_DV_M59"></a><font style="display: inline;color:#000000;">skills</font><a name="_DV_C61"></a><font style="display: inline;color:#000000;">, and&nbsp;&nbsp;personnel data</font><a name="_DV_M60"></a><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> employees) and other financial information relating to the Company and its customers (</font><font style="display: inline;color:#000000;">such as</font><font style="display: inline;color:#000000;"> credit terms, methods of conducting business, computer systems, computer software,</font><a name="_DV_M61"></a><font style="display: inline;color:#000000;"> and strategic marketing, sales or other business plans).&nbsp;&nbsp;Confidential Information may or may not be patentable. </font></p>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M62"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">does not include</font><font style="display: inline;color:#000000;"> information which you learned prior to employment with the Company from sources other than the Company, information you develop after employment </font><font style="display: inline;color:#000000;">with the Company </font><font style="display: inline;color:#000000;">from sources other than the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Confidential Information or </font><font style="display: inline;color:#000000;">from </font><font style="display: inline;color:#000000;">information which is readily available to persons with equivalent skills, training and experience in the same fields or fields of endeavor as you.&nbsp;&nbsp;You must presume that all information that is disclosed or made accessible to you during employment by the Company is Confidential Information if you have a reasonable basis to believe the information is Confidential Information or if you have notice that the Company treats the information as Confidential Information. </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M63"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d)&nbsp; </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except in conducting the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business, you shall not at any time, either during or following your employment with the Company, make use of, or disclose to any other person or entity, any Confidential Information unless (i) the specific information becomes public from a source other than you or another person or entity that owes a duty of confidentiality to the Compan</font><a name="_DV_M64"></a><font style="display: inline;color:#000000;">y, and (ii)</font><a name="_DV_M65"></a><font style="display: inline;color:#000000;"> 12 months have passed since the specific information became public.&nbsp;&nbsp;However, you may discuss Confidential Information with employees of the Company when necessary to perform your duties to the Company.&nbsp;&nbsp;Notwithstanding the foregoing, if you are ordered by a court of competent jurisdiction to disclose Confidential Information, </font><font style="display: inline;color:#000000;">you will officially advise the c</font><font style="display: inline;color:#000000;">ourt that you are under a duty of confidentiality to the Company hereunder, take reasonable steps to delay disclosure until the Company may be heard by </font><font style="display: inline;color:#000000;">such</font><font style="display: inline;color:#000000;"> Court, give the</font><font style="display: inline;color:#000000;"> Company prompt notice of such c</font><font style="display: inline;color:#000000;">ourt order, and if ordered to disclose such Confidential Information you shall seek to do so under seal or in camera or in such other manner as reasonably designed to restrict the public disclosure and maintain the maximum confidentiality of such Confidential Information.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M66"></a><a name="_DV_X76"></a><a name="_DV_C67"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_C68"></a><font style="display: inline;color:#000000;"> for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M67"></a><font style="display: inline;color:#000000;"> or an authorized executive officer of the Company</font><font style="display: inline;color:#000000;">, you shall deli</font><a name="_DV_C70"></a><font style="display: inline;color:#000000;">ver to the Company all originals </font><font style="display: inline;color:#000000;">and</font><a name="_DV_M68"></a><a name="_DV_C72"></a><font style="display: inline;color:#000000;"> copies </font><font style="display: inline;color:#000000;">of any</font><a name="_DV_M69"></a><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C74"></a><font style="display: inline;color:#000000;">notes, documents, computer data </font><font style="display: inline;color:#000000;">(however stored including such data on your personal digital assistant device or personal computer) and</font><a name="_DV_M70"></a><font style="display: inline;color:#000000;"> records of any kind that reflect or relate to any Confidential Information.&nbsp;&nbsp;As used herein, the term &#x201C;notes&#x201D; means written or printed words, symbols, pictures, numbers or formulae.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M71"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">6.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Inventions</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M72"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Inventions&#x201D; means any inventions, improvements, designs, plans, discoveries or innovations of a technical or business nature, whether patentable or not, relating in any way to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business or contemplated business if the Invention is conceived or </font><font style="display: inline;color:#000000;">reduced</font><font style="display: inline;color:#000000;"> to practice by you during your employment by the Company.&nbsp;&nbsp;Inventions includes all data, records, physical embodiments and intellectual property pertaining thereto.&nbsp;&nbsp;Inventions reduced to pra</font><a name="_DV_C79"></a><font style="display: inline;color:#000000;">ctice within one year following </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_M73"></a><font style="display: inline;color:#000000;"> shall be presumed to have been conceived during</font><a name="_DV_C80"></a><font style="display: inline;color:#000000;"> your</font><a name="_DV_M74"></a><font style="display: inline;color:#000000;"> employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M75"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Inventions are the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> exclusive property and shall be promptly disclosed and assigned to the Company without additional compensation of any kind.&nbsp;&nbsp;If requested by the Company, you, your heirs, your executors, your administrators or legal representative will provide any information, documents, testimony or other assistance needed for the Company to acquire, maintain, perfect or exercise any form of legal protection that the Company desires in connection with an Invention.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M76"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><a name="_DV_C82"></a><font style="display: inline;color:#000000;">termination of your employment with the Company for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board </font><font style="display: inline;color:#000000;">or an authorized executive officer</font><font style="display: inline;color:#000000;"> of the Company</font><a name="_DV_M77"></a><font style="display: inline;color:#000000;">, you shall deliver to the Company all copies of and all notes with respect to all documents or records of any kind that relate to any Inventions.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M78"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">7.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Noncompetition and Nonsolicitation</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M79"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">By entering into this Agreement, you acknowledge that </font><a name="_DV_M80"></a><font style="display: inline;color:#000000;">Confidential Information has been and will be developed and acquired by the Company by means of substantial expense and effort, that the Confidential Information is a valuable asset of the Company</font><a name="_DV_M81"></a><font style="display: inline;color:#000000;">, that the disclosure of </font><a name="_DV_M82"></a><font style="display: inline;color:#000000;">Confidential Information to any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> competitors would cause substantial and i</font><a name="_DV_C87"></a><font style="display: inline;color:#000000;">rreparable injury to the Company </font><font style="display: inline;color:#000000;">and its</font><a name="_DV_M83"></a><font style="display: inline;color:#000000;"> business, and that any customers of the Company developed by you or others during your employment are developed on behalf of the Company. </font><a name="_DV_M84"></a><font style="display: inline;color:#000000;"> You further acknowledge that you have been provided with access to Confidential Information, including Confidential Information concerning the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M86"></a><font style="display: inline;color:#000000;">customers, and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> technical, </font><a name="_DV_C89"></a><font style="display: inline;color:#000000;">manufacturing, sales, </font><a name="_DV_M87"></a><font style="display: inline;color:#000000;">marketing</font><a name="_DV_C90"></a><font style="display: inline;color:#000000;">, logistical, financial, personnel</font><a name="_DV_M88"></a><font style="display: inline;color:#000000;"> and business plans, disclosure or misuse of which would irreparably injure the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">In exchange for the consideration specified in </font><font style="display: inline;color:#000000;">Sections 1, 3 and 4</font><font style="display: inline;color:#000000;"> of this Agreement -- the adequacy of which you expressly acknowledge -- you agree that during your employment by the Company and for a period of (1) 12 months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the cases of Sections 7(b)(i)-(iii) below (the &#x201C;Nonsolicitation Period&#x201D;), and (2) six months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the case of Section 7(b)(iv) below </font><font style="display: inline;color:#000000;">(the &#x201C;Noncompetition Period&#x201D;)</font><font style="display: inline;color:#000000;">, you shall not, </font><font style="display: inline;color:#000000;">whether </font><font style="display: inline;color:#000000;">directly or indirectly</font><font style="display: inline;color:#000000;">, alone or in conjunction with another party</font><font style="display: inline;color:#000000;">, as an owner, shareholder, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, employee, manager, consultant, independent contractor, or otherwise:</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(i)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Interfere</font><font style="display: inline;color:#000000;"> with or harm, or attempt to interfere with or harm, the relationship of the Company with any person </font><font style="display: inline;color:#000000;">or entity </font><font style="display: inline;color:#000000;">who is an employee, customer</font><font style="display: inline;color:#000000;">, product</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> services</font><font style="display: inline;color:#000000;"> supplier</font><font style="display: inline;color:#000000;">, business agent or partner</font><font style="display: inline;color:#000000;"> of the Company; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Contact any employee of the Company for the purpose of discussing or suggesting that such employee resign from employment with the Company for the purpose of becoming employed </font><font style="display: inline;color:#000000;">or serving as an independent contractor </font><font style="display: inline;color:#000000;">elsewhere or provide information about individual employees of the Company or personnel policies or procedures of the Company to any person or entity, including any individual, agency or company engaged in the business of recruiting employees, executives or officers;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Recruit or hire, or attempt to recruit or hire, any person who is an employee of the Company, or was an employee of the Company within the prior six months, if such employee or former employee was primarily engaged in a sales, marketing or customer relationship position with the Company or has (or if a former employee had at the time of leaving the Company) a base annual salary rate with the Company in excess of $75,000; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Engage as an individual, employee, consultant, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, partner, manager or otherwise </font><font style="display: inline;color:#000000;">with</font><font style="display: inline;color:#000000;"> any other company </font><font style="display: inline;color:#000000;">or business </font><font style="display: inline;color:#000000;">that competes with the Company, including any of the companies listed on </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;"> attached hereto or their </font><font style="display: inline;color:#000000;">subsidiaries or </font><font style="display: inline;color:#000000;">successors; provided, however, that your &#x201C;beneficial ownership,&#x201D; either individually or as a member of a &#x201C;group&#x201D; as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), of not more than two percent (2%) of the voting stock of any publicly held corporation, shall not be a violation of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M108"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Suspension of Noncompetition Periods</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Nonsolicitation and Noncompetition Periods described in Section 7 of this Agreement shall be suspended while you engage in any activities in breach of this Agreement.&nbsp;&nbsp;In the event that a court grants injunctive relief to the Company for your failure to comply with Section 7, </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the Nonsolicitation </font><font style="display: inline;color:#000000;">Period </font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Noncompetition Peri</font><font style="display: inline;color:#000000;">od</font><font style="display: inline;color:#000000;"> shall begin again on the date such injunctive relief is granted.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(d)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">You agree to immediately inform the Company if you accept employment or begin self-employment within the Nonsolicitation Period or the Noncompetition Period and to provide details about such employment so that the Company can monitor and determine your compliance with the obligations imposed on you under this Agreement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Termination of Employment</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M109"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Upon Death or Disability.&nbsp; </font><font style="display: inline;color:#000000;">Your employment will terminate automatically upon your death.&nbsp;&nbsp;The Company </font><a name="_DV_C113"></a><font style="display: inline;color:#000000;">is</font><a name="_DV_M110"></a><font style="display: inline;color:#000000;"> entitled to terminate your employment because of your disability upon 30 days&#x2019; written notice</font><a name="_DV_C114"></a><font style="display: inline;color:#000000;"> to you</font><a name="_DV_M111"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; will mean &#x201C;total disability&#x201D; as defined in the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> long term disability plan </font><a name="_DV_C116"></a><font style="display: inline;color:#000000;">at the time such notice is given</font><a name="_DV_M112"></a><font style="display: inline;color:#000000;">, or if the Company does not have such a policy at the time of determination then it will mean your inability to perform your regular job responsibilities for </font><a name="_DV_M113"></a><a name="_DV_C118"></a><font style="display: inline;color:#000000;">more than 180 days in any </font><font style="display: inline;color:#000000;">12 month</font><font style="display: inline;color:#000000;"> period</font><a name="_DV_M114"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">event of a termination under this Section 8(a), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date. </font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M115"></a><font style="display: inline;color:#000000;">Following a termination for Disability by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Disability to arbitration in </font><a name="_DV_C120"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M116"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Disability, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M117"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(b)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company for Cause.</font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C122"></a><font style="display: inline;color:#000000;">The Company is entitled to terminate your employment for &#x201C;Cause&#x201D; by giving</font><a name="_DV_M118"></a><font style="display: inline;color:#000000;"> you written notice of such termination.&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Cause&#x201D; shall </font><a name="_DV_C124"></a><font style="display: inline;color:#000000;">mean that you have committed or engaged in</font><a name="_DV_M119"></a><font style="display: inline;color:#000000;"> any one or more of the following</font><a name="_DV_M120"></a><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M121"></a><font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of an act of dishonesty involving the Company, its business or property, including, but not limited to, misappropriation of funds or any property of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M122"></a><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ngagement in activities or conduct clearly injurious to the best interests or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M123"></a><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">w</font><font style="display: inline;color:#000000;">illful and continued failure substantially to perform your duties under this Agreement (other than as a result of physical or mental illness or injury), after the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board delivers to you a written demand for substantial performance that specifically identifies the manner in which the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board believes that you have not substantially performed your duties;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M124"></a><font style="display: inline;color:#000000;">(iv)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">llegal conduct or gross misconduct that is willful and results in material and demonstrable damage to the business or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M125"></a><font style="display: inline;color:#000000;">(v)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of any of the material terms and conditions of this Agreement or any other written agreement or agreements you may from time to time have with the Company</font><a name="_DV_C126"></a><font style="display: inline;color:#000000;"> (following 30 days&#x2019; written notice from the Company specifying the violation and your failure to cure such violation within such 30-day period)</font><a name="_DV_M126"></a><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M127"></a><font style="display: inline;color:#000000;">(vi)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> code of business conduct or the clear violation of any other rules of behavior as may be provided in any employee handbook which would be grounds for dismissal of any employee of the Company; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M128"></a><font style="display: inline;color:#000000;">(vii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of a crime which is a felony, a misdemeanor involving an act of moral turpitude, or a misdemeanor committed in connection with your employment by the Company</font><a name="_DV_M129"></a><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M130"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">No act or failure to act shall be considered &#x201C;willful&#x201D; unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interests of the Company.&nbsp;&nbsp;Any act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board or </font><font style="display: inline;color:#000000;">upon </font><font style="display: inline;color:#000000;">the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M131"></a><font style="display: inline;color:#000000;">In the event of a termination under this Section 8(b), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M132"></a><font style="display: inline;color:#000000;">Following a termination for Cause by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Cause to arbitration in </font><a name="_DV_C129"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M133"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Cause, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M134"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by You.</font></font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C131"></a><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If you choose to terminate your employment with the Company</font><a name="_DV_M135"></a><font style="display: inline;color:#000000;"> for any reason, you must provide the Company with </font><a name="_DV_M136"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice </font><a name="_DV_M137"></a><font style="display: inline;color:#000000;">and</font><a name="_DV_C135"></a><font style="display: inline;color:#000000;"> agree to</font><a name="_DV_M138"></a><font style="display: inline;color:#000000;"> continue working for the Company during the </font><a name="_DV_C137"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;">-day notice period; provided, however, that upon receipt of such notice of termination the Company </font><a name="_DV_C139"></a><font style="display: inline;color:#000000;">may restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confident</font><font style="display: inline;color:#000000;">ial Information during the 30</font><font style="display: inline;color:#000000;">-day notice</font><a name="_DV_M139"></a><font style="display: inline;color:#000000;"> period </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> may </font><font style="display: inline;color:#000000;">determine</font><font style="display: inline;color:#000000;"> that your termination date wi</font><font style="display: inline;color:#000000;">ll be prior to the end of the 30</font><font style="display: inline;color:#000000;">-day notice period.</font><a name="_DV_M140"></a><font style="display: inline;color:#000000;"> &nbsp;In the event of </font><a name="_DV_C141"></a><font style="display: inline;color:#000000;">a</font><a name="_DV_M141"></a><font style="display: inline;color:#000000;"> termination under this paragraph, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><a name="_DV_C142"></a><font style="display: inline;color:#000000;"> sole obligation hereunder</font><a name="_DV_M142"></a><font style="display: inline;color:#000000;"> will </font><a name="_DV_C143"></a><font style="display: inline;color:#000000;">be to </font><a name="_DV_M143"></a><font style="display: inline;color:#000000;">pay you the earned but unpaid portion of your Basic Salary through the termination date</font><a name="_DV_C144"></a><font style="display: inline;color:#000000;"> of your employment</font><a name="_DV_M144"></a><font style="display: inline;color:#000000;">, which termination date will not</font><font style="display: inline;color:#000000;"> be deemed to be earlier than 14</font><font style="display: inline;color:#000000;"> days after the date on which you provide the Company with your written notice of termination.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M145"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company Without Cause</font><a name="_DV_C146"></a><font style="display: inline;font-style:italic;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The Company may terminate your employmen</font><font style="display: inline;color:#000000;">t without Cause by giving you 14</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice of such termination; provided, however, the Company may elect to restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confid</font><font style="display: inline;color:#000000;">ential Information during the 14</font><font style="display: inline;color:#000000;">-day notice period.&nbsp;&nbsp;In the event of a termination without Cause hereunder, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole obligation shall be to pay, maintain or reimburse you the items enumerated in (i) to (iii) below, which obligation shall be effective only upon your prior execution and delivery to the Company of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of any and all claims by you against the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below: </font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C147"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;color:#000000;">(i)&nbsp;&nbsp;The</font><a name="_DV_M146"></a><font style="display: inline;color:#000000;"> Company will pay you the earned but unpaid portion of your Basic Salary </font><a name="_DV_C149"></a><font style="display: inline;color:#000000;">and any earned bonus for a bonus period that was completed prior to the date of termination of your employment</font><font style="display: inline;color:#000000;"> (the &#x201C;Earned Basic Salary&#x201D;)</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C150"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;The Company</font><a name="_DV_M147"></a><font style="display: inline;color:#000000;"> will continue to pay you your Basic Salary for an additional </font><a name="_DV_M148"></a><a name="_DV_C153"></a><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after the date of termination of your employment (th</font><font style="display: inline;color:#000000;">e &#x201C;Severance Period&#x201D;) minus </font><font style="display: inline;color:#000000;">any deductions require</font><font style="display: inline;color:#000000;">d by law for taxes or otherwise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(the &#x201C;Salary Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;&nbsp;Any</font><a name="_DV_M151"></a><font style="display: inline;color:#000000;"> such payments will immediately end if (</font><a name="_DV_C155"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M152"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including Sections 5, 6 and/or 7</font><a name="_DV_C156"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M153"></a><font style="display: inline;color:#000000;">; or (</font><a name="_DV_C158"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M154"></a><font style="display: inline;color:#000000;">) the Company, after your termination, learns of any facts about your job performance or conduct that would have given the Company Cause, as defined in Section 8(b), to terminate your employment</font><a name="_DV_C160"></a><font style="display: inline;color:#000000;">;</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C161"></a><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(iii)&nbsp; </font><font style="display: inline;color:#000000;">If you were employed by the Company for more than one-half of the number of days in the applicable bonus period, then t</font><font style="display: inline;color:#000000;">he Company will pay you a Pro-Rated Bonus (as defined below) if you are eligible under a bonus plan which is based on the financial performance of the Company and which is in effect at the time of your termination but which provides that you must be employed beyond the date of your termination to earn the bonus.&nbsp;&nbsp;Such Pro-Rated Bonus, if any, will be paid at the same time and in the same form that other similarly situated Company employees are paid under the same bonus plan, except that your payment will be ratably reduced to reflect that you did not remain employed during the entire bonus period.&nbsp;&nbsp;The &#x201C;Pro-Rated Bonus&#x201D; means the bonus that would have been payable to you had you remained employed by the Company throughout the bonus period and based on the actual performance of the Company for the entire bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occurred prior to the date of your termination of employment, and the denominator of which is the number of days in the bonus period (e.g., 365 days for an annual bonus plan, 182.5 days for a semi-annual bonus plan, etc.).&nbsp;&nbsp;The Pro-Rated Bonus will not include any amount for a bonus plan, if any, that is based on individual performance criteria.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M155"></a><a name="_DV_M219"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Following </font><font style="display: inline;font-style:italic;color:#000000;">a &nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If a &#x201C;Change in Control,&#x201D;</font><font style="display: inline;color:#000000;"> as defined in Section 8(e</font><font style="display: inline;color:#000000;">)(</font><a name="_DV_M156"></a><font style="display: inline;color:#000000;">vi</font><font style="display: inline;color:#000000;">), s</font><font style="display: inline;color:#000000;">hall have occurred and within 12</font><font style="display: inline;color:#000000;"> months following such Change in Control the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">terminates your employment other than for </font><a name="_DV_C165"></a><font style="display: inline;color:#000000;">Disability under Section 8(a) or Cause under</font><a name="_DV_M157"></a><font style="display: inline;color:#000000;"> Section 8(b), or you terminate your employment for </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Good Reason,</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> as </font><font style="display: inline;color:#000000;">defined in Section 8(e)(</font><font style="display: inline;color:#000000;">vii</font><font style="display: inline;color:#000000;">), </font><a name="_DV_C167"></a><font style="display: inline;color:#000000;">then the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">shall be obligated to pay, maintain</font><font style="display: inline;color:#000000;">, provide</font><font style="display: inline;color:#000000;"> or reimburse</font><font style="display: inline;color:#000000;"> you the item</font><font style="display: inline;color:#000000;">s enumerated in (i) through (iv</font><font style="display: inline;color:#000000;">) below, which obligation shall be effective only upon your prior execution and delivery to the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below</font><font style="display: inline;color:#000000;">:</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C182"></a><font style="display: inline;color:#000000;">(i</font><a name="_DV_M161"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;You shall be paid the Basic Salary, Salary Termination Benefit, and Pro-Rated Bonus as</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">provided</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> Sections 8(d)(i), (ii) and (iii) above.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M178"></a><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;All outstanding stock options and restricted stock awards issued to you shall become 100% vested</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but otherwise</font><font style="display: inline;color:#000000;"> such stock options and restricted stock awards shall </font><font style="display: inline;color:#000000;">remain </font><font style="display: inline;color:#000000;">subject to the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">applicable </font><font style="display: inline;color:#000000;">stock option </font><font style="display: inline;color:#000000;">agreements, </font><font style="display: inline;color:#000000;">restricted stock </font><font style="display: inline;color:#000000;">award </font><font style="display: inline;color:#000000;">agreements and </font><font style="display: inline;color:#000000;">their governing </font><font style="display: inline;color:#000000;">plans.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M179"></a><a name="_DV_M180"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;">If you elect to continue coverage under COBRA following your termination of employment, t</font><font style="display: inline;color:#000000;">he Company s</font><font style="display: inline;color:#000000;">hall maintain for your benefit</font><font style="display: inline;color:#000000;"> at its cost</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> until the earlier of</font><a name="_DV_M181"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after termination of</font><a name="_DV_M182"></a><font style="display: inline;color:#000000;"> your employment following a Change in Control or</font><a name="_DV_M183"></a><font style="display: inline;color:#000000;"> your commencement of </font><font style="display: inline;color:#000000;">employment with a new employer</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">a partnership or </font><font style="display: inline;color:#000000;">self-employment in an activity for profit</font><font style="display: inline;color:#000000;">, all life insurance, medical, health and accident, and disability plans or programs, at </font><font style="display: inline;color:#000000;">substantially </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">same levels</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">which you shall have participate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> prior to termination of </font><font style="display: inline;color:#000000;">your </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> provided</font><font style="display: inline;color:#000000;">, however, that if</font><font style="display: inline;color:#000000;"> your continued participation </font><font style="display: inline;color:#000000;">in any such plan or program </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">permitted under the terms of </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">such plans and programs after </font><font style="display: inline;color:#000000;">termination of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> then </font><font style="display: inline;color:#000000;">the Company will</font><font style="display: inline;color:#000000;">, at its option,</font><font style="display: inline;color:#000000;"> either provide a substantially equivalent benefit from another provider or pay you the cost of obtaining such benefit in your own name </font><font style="display: inline;color:#000000;">(&#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M184"></a><font style="display: inline;color:#000000;">(collectively the </font><font style="display: inline;color:#000000;">Earned Basic Salary, the </font><font style="display: inline;color:#000000;">Salary Termination Benefit</font><font style="display: inline;color:#000000;">, the Pro-Rated Bonus,</font><font style="display: inline;color:#000000;"> and the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit are referred to as the &#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv)&nbsp;&nbsp;The Company is aware that upon the occurrence of a Change in Control, the Board of Directors or a shareholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute litigation seeking to have this Agreement declared unenforceable, or may take or attempt to take other action to deny you the benefits intended under this Agreement.&nbsp;&nbsp;In these circumstances, the purpose of this Agreement could be frustrated.&nbsp;&nbsp;Accordingly, if following a Change in Control it should appear to you that the Company has failed to comply with any of its obligations under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement or in the event that the Company or any other person takes any action to declare Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement void or unenforceable, or institutes any litigation or other legal action designed to deny, diminish or to recover from you the benefits entitled to be provided to you under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;">, and that you have complied with all your obligations under this Agreement, the Company authorizes you to retain counsel of your choice, at the expense of the Company as provided in this Section 8(e)(viii), to represent you in connection with the initiation or defense of any pre-suit settlement negotiations, litigation or other legal action, whether such action is by or against the Company or any Director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction.&nbsp;&nbsp;Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company consents to you entering into an attorney-client relationship with such counsel, and in that connection the Company and you agree that a confidential relationship shall exist between you and such counsel, except with respect to any fee and expense invoices generated by such counsel.&nbsp;&nbsp;The reasonable fees and expenses of counsel selected by you as hereinabove provided shall be paid or reimbursed to you by the Company on a regular, periodic basis upon presentation by you of a statement or statements prepared by such counsel in accordance with its customary practices, up to</font><a name="_DV_C250"></a><font style="display: inline;color:#000000;"> a maximum aggregate amount of</font><a name="_DV_M218"></a><font style="display: inline;color:#000000;"> $50,000.&nbsp;&nbsp;Any legal expenses incurred by the Company by reason of any dispute between the parties as to enforceability</font><font style="display: inline;color:#000000;"> of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Section 8(e),</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">any of </font><font style="display: inline;color:#000000;">the terms contained in Section 8(e), notwithstanding the outcome of any such dispute, shall be the sole responsibility of the Company, and the Company shall not take any action to seek reimbursement from you for such expenses.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(v)&nbsp;&nbsp;The Company may immediately discontinue the payment </font><a name="_DV_C226"></a><font style="display: inline;color:#000000;">or provision </font><a name="_DV_M200"></a><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits if (</font><a name="_DV_C228"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M201"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including </font><a name="_DV_C229"></a><font style="display: inline;color:#000000;">those </font><a name="_DV_M202"></a><font style="display: inline;color:#000000;">in Sections 5, 6 and/or 7</font><a name="_DV_C230"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M203"></a><font style="display: inline;color:#000000;">; and/or (</font><a name="_DV_C232"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M204"></a><font style="display: inline;color:#000000;">) the Company learns</font><font style="display: inline;color:#000000;">, within 60 days of your termination of employment,</font><font style="display: inline;color:#000000;"> of any facts about your job performance or conduct that would have given the Company Cause</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> as defined in Section 8(b)</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> to terminate your employment</font><a name="_DV_C234"></a><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">provided further</font><font style="display: inline;color:#000000;">, that the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> obligation to provide the Fringe Termination Benefit shall cease upon the earlier of your becoming employed or self-employed</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M160"></a><font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">v</font><font style="display: inline;color:#000000;">i</font><a name="_DV_C168"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;A &#x201C;Change in Control&#x201D; shall be deemed to have occurred if and when, after the date hereof, (A</font><a name="_DV_X236"></a><a name="_DV_C169"></a><font style="display: inline;color:#000000;">) any &#x201C;person&#x201D; (as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;) on the date hereof, including any &#x201C;group&#x201D; as such term is used in Section 13(d)(3) of the Exchange Act on the date hereof, shall acquire (or disclose the previous acquisition of) beneficial ownership (as that term is defined in Section 13(d) of the Exchange Act and the rules thereunder on the date hereof) of shares of the outstanding stock of any class or classes of the Company which (A) results in such person or group possessing more than 50% of the total voting power of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> outstanding voting securities ordinarily having the right to vote for the election of directors of the Company</font><a name="_DV_C170"></a><font style="display: inline;color:#000000;"> (&#x201C;a Majority Ownership Change&#x201D;); or (B</font><a name="_DV_X238"></a><a name="_DV_C171"></a><font style="display: inline;color:#000000;">) as the result of, or in connection with, any tender or exchange offer, merger or other business combination, </font><a name="_DV_X240"></a><a name="_DV_C172"></a><font style="display: inline;color:#000000;">or any combination of the foregoing transactions (a &#x201C;</font><a name="_DV_C173"></a><font style="display: inline;color:#000000;">Stock </font><a name="_DV_X241"></a><a name="_DV_C174"></a><font style="display: inline;color:#000000;">Transaction&#x201D;), the owners of the voting shares of the Company outstanding immediately prior to such Transaction own less than a majority of the voting shares of the Company after the Transaction; or (</font><a name="_DV_C175"></a><font style="display: inline;color:#000000;">C</font><a name="_DV_X243"></a><a name="_DV_C176"></a><font style="display: inline;color:#000000;">) during any period of two consecutive years during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company (or who take office following the approval of a majority of the directors then in office who were directors at the beginning of the period) cease for any reason to constitute </font><a name="_DV_C177"></a><font style="display: inline;color:#000000;">a majority</font><a name="_DV_X245"></a><a name="_DV_C178"></a><font style="display: inline;color:#000000;"> thereof, unless the election of each director who was not a director at the beginning of such period has been approved in advance by directors of the Company representing at least one-half of the directors then in office who were directors at the beginning of the period</font><a name="_DV_C179"></a><font style="display: inline;color:#000000;"> (a &#x201C;Majority Board Change&#x201D;); or (D</font><a name="_DV_X247"></a><a name="_DV_C180"></a><font style="display: inline;color:#000000;">) the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Company (</font><a name="_DV_C181"></a><font style="display: inline;color:#000000;">an &#x201C;Asset Transaction&#x201D;) shall have occurred.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M186"></a><a name="_DV_M187"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M206"></a><font style="display: inline;color:#000000;">(vi</font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Good Reason&#x201D; means, without your written consent: </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M207"></a><font style="display: inline;color:#000000;">(A)&nbsp;&nbsp;a material change in your status, posi</font><font style="display: inline;color:#000000;">tion</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities which </font><font style="display: inline;color:#000000;">does not represent a promotion from your existing </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">status, position</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities as in effect immediately </font><font style="display: inline;color:#000000;">prior to the Change in Control </font><font style="display: inline;color:#000000;">(except in connection with the termination of employment for total and permanent disability, death, or Cause, or by </font><font style="display: inline;color:#000000;">you other than for Good Reason)</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M208"></a><font style="display: inline;color:#000000;">(B)&nbsp;&nbsp;a reduction by the Company in your Basic Salary as in effect on the date of the Change in Control</font><font style="display: inline;color:#000000;">, other than a reduction of up to 20% of your Basic Salary pursuant to Section 3(a) of this Agreement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to increase (within </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months of your last increase in Basic Salary) your Basic Salary after a Change in Control in an amount which at least equals, on a percentage basis, the average percentage increase in Basic Salary for all </font><font style="display: inline;color:#000000;">senior </font><font style="display: inline;color:#000000;">executive officers of the Company, which were effected in the preceding </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(C) the failure of the</font><font style="display: inline;color:#000000;"> Company to continue to maintain your participation in </font><font style="display: inline;color:#000000;">an</font><font style="display: inline;color:#000000;">y</font><font style="display: inline;color:#000000;"> incentive, bonus or similar compensation plan</font><font style="display: inline;color:#000000;">, including stock option and restricted stock plans, at substantially the level of your participation therein prior to the Change of Control.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M209"></a><a name="_DV_M210"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M211"></a><font style="display: inline;color:#000000;">(D</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;the failure by the Company to continue to provide you with benefits substantially similar to those enjoyed or to which you are en</font><font style="display: inline;color:#000000;">titled under any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> profit sharing, life insurance, medical, dental, health and accident, disability plans</font><font style="display: inline;color:#000000;">, paid vacation, leave and similar benefits in provided</font><font style="display: inline;color:#000000;"> at the time </font><font style="display: inline;color:#000000;">of a Change in Control</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(E)</font><font style="display: inline;color:#000000;"> &nbsp;the relocation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> principal executive offices to a location more than 75 miles from Nelsonville, Ohio or the relocation of your regular office assignment by the Company to a location outside of a 35 mile radius of Nelsonville, Ohio;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M212"></a><font style="display: inline;color:#000000;">(F)&nbsp;&nbsp;the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Agreement;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M213"></a><font style="display: inline;color:#000000;">(G)&nbsp;&nbsp;any request by the Company that you participate in an unlawful act; or </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M214"></a><font style="display: inline;color:#000000;">(H)&nbsp;&nbsp;any </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">breach of this Agreement </font><font style="display: inline;color:#000000;">by</font><font style="display: inline;color:#000000;"> the Company</font><font style="display: inline;color:#000000;"> which if curable is not cured within 10 days after you provide notice of such breach to the Company</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M215"></a>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M216"></a><font style="display: inline;color:#000000;">(f</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;text-decoration:underline;">Obligations of Company Upon Termination of Employment</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Upon any </font><font style="display: inline;color:#000000;">termination</font><font style="display: inline;color:#000000;"> of your employment hereunder, the Company shall have no further obligations under this Agreement and no further payments shall be payable</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and no further benefits </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be provided, </font><font style="display: inline;color:#000000;">by the Company to you, except as provided in Section 8 above and except as required under any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">benefit plans or arrangements maintained by the Company and applicable to you at the time of such term</font><font style="display: inline;color:#000000;">ination </font><font style="display: inline;color:#000000;">of your employment.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M217"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(g</font><font style="display: inline;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Waiver of Noncompetition Provision</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that the Company terminates your employment in the manner described in Section 8(d), Termination by </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company Without Cause, </font><font style="display: inline;color:#000000;">or your employment is </font><font style="display: inline;color:#000000;">terminated following a Change in</font><font style="display: inline;color:#000000;"> Control </font><font style="display: inline;color:#000000;">either </font><font style="display: inline;color:#000000;">by the Company other than for Disability </font><font style="display: inline;color:#000000;">under Section 8(a)</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">f</font><font style="display: inline;color:#000000;">or Cause under Section 8(b) or </font><font style="display: inline;color:#000000;">is terminated </font><font style="display: inline;color:#000000;">by you for Good Reason, then </font><font style="display: inline;color:#000000;">at any time during the Noncompetition Period you may make a written request to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Chairman of the Board</font><font style="display: inline;color:#000000;"> for a waiver of the Noncompetition Period and the covenants contained in Section 7(b)(iv).&nbsp;&nbsp;Such request will be </font><font style="display: inline;color:#000000;">considered</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but</font><font style="display: inline;color:#000000;"> will be granted, in whole or in part, or denied at the absolute discretion of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Board of Directors.&nbsp;&nbsp;If a waiver is granted, as of the date of the waiver, the severance </font><font style="display: inline;color:#000000;">benefits </font><font style="display: inline;color:#000000;">provided in Section</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> 8(d)(i)-(iii) </font><font style="display: inline;color:#000000;">and 8(e)(i)-(iv)</font><font style="display: inline;color:#000000;">, as applicable,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">will cease.&nbsp;&nbsp;Notwithstanding the foregoing, the Nonsolicitation Period and the covenants contained in Section 7(b)(i)-(iii) will remain in full force and effect until expiration of the Nonsolicitation Period.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(h</font><font style="display: inline;color:#000000;">) &nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">No Limitation on Certain Obligations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Ex</font><font style="display: inline;color:#000000;">cept as set forth in Section 8(g</font><font style="display: inline;color:#000000;">) above, nothing contained in this Section 8 shall be construed as limiting your obligations under Sections 5, 6, or 7 of this Agreement concerning Confidential Information, Inventions, or Noncompetition and Nonsolicitation.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(i</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You and the Company desire to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the &#x201C;Code&#x201D;), in accordance with the transition rules applicable under IRS Notice 2007-86 and Final Regulations issued under Section 409A of the Code.&nbsp;&nbsp;Therefore, notwithstanding</font><font style="display: inline;color:#000000;"> any provision of this Agreement to the contrary, if the Company determines that you are a &#x201C;specified employee&#x201D; as defined in Section 409A of the Code or any guidance promulgated thereunder (&#x201C;Code Section 409A&#x201D;), you shall not be entitled to any payments </font><font style="display: inline;color:#000000;">under Section 8 of this Agreement </font><font style="display: inline;color:#000000;">upon termination of your employment with the Company for any reason </font><font style="display: inline;color:#000000;">that otherwise would cause you to incur any additional tax or interest under Code Section 409A, </font><font style="display: inline;color:#000000;">until the earlier of (i) the date which is six months after </font><font style="display: inline;color:#000000;">the date of </font><font style="display: inline;color:#000000;">such termination, or (ii) the date of your death.&nbsp;&nbsp;If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause you to incur any additional tax or interest under Code Section 409A, the Company shall, after consulting with you and receiving your approval (which shall not be unreasonably withheld), reform such provision in such a manner as shall not cause you to incur any such tax or interest.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Remedies; Venue; Process</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M229"></a><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">You hereby acknowledge and agree that the Confidential Information disclosed to you prior to and during the term of this Agreement is of a special, unique and extraordinary character, and that any breach of this Agreement will cause the Company irreparable injury and damage, and consequently the Company shall be entitled, in addition to all other legal and equitable remedies available to it, to injunctive and any other equitable relief to prevent or cease a breach of Sections 5, 6, or 7 of this Agreement without further proof of harm and entitlement; that the terms of this Agreement, if enforced by the Company, will not unduly impair your ability to earn a living or pursue your vocation; and further, that the Company may cease paying any compensation and benefits under Section 8 if you fail to comply with this Agreement, without restricting the Company from other legal and equitable remedies.&nbsp;&nbsp;The parties agree that the prevailing party in litigation concerning a breach of this Agreement shall be entitled to all costs and expenses (including reasonable legal fees and expenses) which it incurs in successfully enforcing this Agreement and in prosecuting or defending any litigation (including appellate proceedings) concerning a breach of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M230"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except </font><a name="_DV_C260"></a><font style="display: inline;color:#000000;">as otherwise specifically provided in</font><a name="_DV_M231"></a><font style="display: inline;color:#000000;"> of this Agreement, the parties agree that jurisdiction and venue in any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly lie in the Court of Common Pleas of Athens County, Ohio.&nbsp;&nbsp;Such jurisdiction and venue is exclusive, except that the Company may bring suit in any jurisdiction and venue where jurisdiction and venue would otherwise be proper if you may have breached Sections 5, 6, or 7 of this Agreement.&nbsp;&nbsp;The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity for service by any other means provided by statute or rule of court.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M232"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">10.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Exit Interview</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to termination of your employment with the Company for any reason, you shall attend an exit interview if desired by the Company and shall, in any event, inform the Company at the earliest possible time of the identity of your future employer and of the nature of your future employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M233"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">11.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Waiver</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any failure by the Company to enforce any provision of this Agreement shall no</font><font style="display: inline;color:#000000;">t in any way affect the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> right to enforce such provision or any other provision at a later time.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M234"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">12.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Saving</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is later found to be completely or partially unenforceable, the remaining part of that provision of any other provision of this Agreement shall still be valid and shall not in any way be affected by the finding.&nbsp;&nbsp;Moreover, if any provision is for any reason held to be unreasonably broad as to time, duration, geographical scope, activity or subject, such provision shall be interpreted and enforced by limiting and reducing it to preserve enforceability to the maximum extent permitted by law.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M235"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">13.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Limitation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You acknowledge that your employment by the Company may be terminated at any time by the Company or by you with or without cause in accordance with the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">terms of this Agreement.&nbsp;&nbsp;This Agreement is in addition to and not in place of other obligations of trust, confidence and ethical duty imposed on you by law.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M236"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">14.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C261"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Notices.</font><font style="display: inline;color:#000000;"> &nbsp;Notices and all other communications under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, or upon receipt if overnight delivery service is used, addressed as follows:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C262"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To You:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C263"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Richard Simms </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">4750 Meadowgrove Drive</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Carroll, OH 43112 </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C266"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To the Company:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C267"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C268"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">39 East Canal Street</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C269"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Nelsonville, OH 45764</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C274"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">15.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M237"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio without reference to its choice of law rules.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C276"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">16.</font><a name="_DV_M238"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Final Agreement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;This Agreement replaces any existing agreement between you and the Company relating to the same subject matter and may be modified only by an agreement in writing signed by both you and a duly authorized representative of the Company.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C278"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">17.</font><a name="_DV_M239"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Further Acknowledgments</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp;&nbsp;&nbsp;YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS AGREEMENT, THAT YOU HAVE READ AND UNDERSTOOD THIS AGREEMENT, THAT YOU UNDERSTAND THIS AGREEMENT AFFECTS YOUR RIGHTS, AND THAT YOU HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font><a name="_DV_C279"></a>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="height:16pt;text-indent:0pt;margin-left:0pt; width:36pt;"></font><font style="height:16pt;text-indent:0pt;margin-left:0pt; width:-1pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><a name="_DV_M240"></a><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M241"></a><font style="display: inline;color:#000000;">By:&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jason Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Jason</font><font style="display: inline;color:#000000;"> Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">President and Chief Executive Officer </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M245"></a><font style="display: inline;font-weight:bold;color:#000000;">EXECUTIVE:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M246"></a><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Richard Simms&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Richard Simms </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 6pt">
			<a name="_DV_M247"></a><font style="display: inline;color:#000000;font-size:6pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;">Rocky Brands, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Exhibit A to Employment Agreement with </font><font style="display: inline;font-weight:bold;color:#000000;">Richard Simms</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Lacrosse</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Danner</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wolverine World Wide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Merrell</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Caterpillar</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dickies</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carhartt</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carolina</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Thorogood</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Nike</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Galls</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Altama</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Skechers</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Timberland</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Red Wing</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Ariat</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">H.H. Brown</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Justin</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cabela&#x2019;s</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bass Pro</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Sportsman&#x2019;s Guide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Muck</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Chippewa</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Realtree</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bellville</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Garmont</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Oakley</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Reebok</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font>

		</p>

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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>rcky-20190107xex10_5.htm
<DESCRIPTION>EX-10.5
<TEXT>
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<!--Created on: 1/7/2019 4:08:06 PM-->
<html>
	<head>
		<title>
			Exhibit 10.5 - Rocky Brands - Byron Wortham
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.5</font>

		</p>

</div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">ROCKY BRANDS, INC</font><font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;color:#000000;font-size:18pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 14pt">
			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M5"></a><font style="display: inline;color:#000000;">This Agreement is made </font><font style="display: inline;color:#000000;">effective </font><font style="display: inline;color:#000000;">as of th</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M6"></a><font style="display: inline;color:#000000;">1st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">day of </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;">, &nbsp;</font><a name="_DV_M7"></a><font style="display: inline;color:#000000;">2019</font><font style="display: inline;color:#000000;"> by and between </font><font style="display: inline;font-weight:bold;color:#000000;">BYRON WORTHAM</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and </font><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font><font style="display: inline;color:#000000;">, an Ohio corporation with its principal office at 39 East Canal Street, Nelsonville, Ohio 45764.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Recitals</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">A.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C16"></a><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font><a name="_DV_M11"></a><font style="display: inline;color:#000000;"> and its subsidiaries (collectively, the &#x201C;Company&#x201D;) are engaged in the business of designing, manufacturing and marketing high quality men&#x2019;s and women&#x2019;s footwear, apparel, and accessories</font><a name="_DV_M12"></a><font style="display: inline;color:#000000;"> and, in connection with its business, the Company develops and uses valuable technical and nontechnical trade secrets and other confidential information which it desires to protect.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">B.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are</font><a name="_DV_C18"></a><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">currently</font><a name="_DV_M14"></a><font style="display: inline;color:#000000;"> employed as an executive officer of the Company</font><font style="display: inline;color:#000000;"> and/or one or more of its subsidiaries</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M15"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">C.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">The Company considers your continued services to be in the best interest of the Company and desires, through this Agreement, to assure your continued services on behalf of the Company on an objective and impartial basis and without distraction or conflict of interest in the event of an attempt to obtain control of the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M16"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">D.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">You are willing to remain in the employ of the Company on the terms set forth in this </font><a name="_DV_C20"></a><font style="display: inline;color:#000000;">Agreement</font><a name="_DV_M17"></a><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M18"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M19"></a><font style="display: inline;color:#000000;">NOW, THEREFORE, the parties agree as follows:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M20"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">1.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Consideration</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;As consideration for </font><a name="_DV_C22"></a><font style="display: inline;color:#000000;">you</font><a name="_DV_M21"></a><font style="display: inline;color:#000000;"> entering into this Agreement and your willingness to remain bound by its terms, the Company shall employ you</font><a name="_DV_C24"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M22"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M23"></a><font style="display: inline;color:#000000;"> access to certain Confidential Information as defined in this Agreement</font><a name="_DV_C26"></a><font style="display: inline;color:#000000;">,</font><a name="_DV_M24"></a><font style="display: inline;color:#000000;"> and</font><a name="_DV_C27"></a><font style="display: inline;color:#000000;"> provide you</font><a name="_DV_M25"></a><font style="display: inline;color:#000000;"> other valuable consideration as </font><a name="_DV_C29"></a><font style="display: inline;color:#000000;">specified</font><a name="_DV_M26"></a><font style="display: inline;color:#000000;"> in this Agreement, including </font><a name="_DV_C30"></a><font style="display: inline;color:#000000;">the compensation and benefits as set forth </font><a name="_DV_M27"></a><font style="display: inline;color:#000000;">in Sections 3 and </font><a name="_DV_C32"></a><font style="display: inline;color:#000000;">4, respectively,</font><a name="_DV_M28"></a><font style="display: inline;color:#000000;"> of this Agreement.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M29"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:21.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">2.</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -2.7pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Employment</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:4.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M30"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 4.5pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(a)&nbsp; </font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Position</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You will be employed as the </font><a name="_DV_X273"></a><a name="_DV_C33"></a><font style="display: inline;color:#000000;">President, C</font><font style="display: inline;color:#000000;">ore Brands </font><font style="display: inline;color:#000000;">of Rocky Brands, Inc.</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C34"></a><font style="display: inline;color:#000000;">reporting to th</font><a name="_DV_M31"></a><font style="display: inline;color:#000000;">e &nbsp;</font><font style="display: inline;color:#000000;">Chief Executive Officer </font><font style="display: inline;color:#000000;">of the Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons employed in similar executive capacities</font><a name="_DV_C35"></a><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If elected to other offices of the Company</font><font style="display: inline;color:#000000;"> or its subsidiaries</font><font style="display: inline;color:#000000;">, you will also serve in such capacities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M33"></a>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(b)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Restricted Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;While employed by the Company, you shall devote your </font><a name="_DV_C36"></a><font style="display: inline;color:#000000;">full business time and attention and your </font><a name="_DV_M34"></a><font style="display: inline;color:#000000;">best efforts to the business of the Company and </font><a name="_DV_C38"></a><font style="display: inline;color:#000000;">exercise the highest degree of loyalty and care with respect to the affairs of the Company, discharging your duties competently, diligently and effectively.&nbsp;&nbsp;You will</font><a name="_DV_M35"></a><font style="display: inline;color:#000000;"> not engage in any outside employment or consulting work without first securing the approval of the</font><a name="_DV_C40"></a><font style="display: inline;color:#000000;"> Board of Directors of Rocky Brands, Inc. (the &#x201C;</font><font style="display: inline;color:#000000;">Rocky</font><font style="display: inline;color:#000000;"> Board</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The foregoing shall not preclude you from serving on civic or charitable boards or committees or managing personal investments, so long as such activities</font><a name="_DV_C42"></a><font style="display: inline;color:#000000;"> do not interfere with </font><font style="display: inline;color:#000000;">the performance of your responsibilities</font><a name="_DV_M39"></a><a name="_DV_C44"></a><font style="display: inline;color:#000000;"> hereunder </font><font style="display: inline;color:#000000;">or</font><a name="_DV_M40"></a><font style="display: inline;color:#000000;"> violate the other provisions of this Agreement</font><a name="_DV_C45"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You shall not serve on the board of any for-profit corporation or entity without the prior consent of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M41"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You further agree to comply fully with all policies and practices of the Company as are from time to time in effect.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M42"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">3.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Compensation</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M43"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Your compensation will be at an annual base rate of </font><a name="_DV_C47"></a><font style="display: inline;color:#000000;">$</font><font style="display: inline;color:#000000;">200,000 </font><font style="display: inline;color:#000000;">as of January 1, 20</font><a name="_DV_M44"></a><a name="_DV_C49"></a><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(&#x201C;Basic Salary&#x201D;), payable in accordance with the normal payroll practices of the Company.&nbsp;&nbsp;Your Basic Salary may be increased </font><a name="_DV_M46"></a><font style="display: inline;color:#000000;">from time to time by</font><a name="_DV_M47"></a><font style="display: inline;color:#000000;"> the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_C52"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Your Basic Salary may also be decreased from time to time by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board by up to 20% of your Basic Salary in effect at that time, but only if the salaries of all other executive officers of the Company with similar agreements </font><font style="display: inline;color:#000000;">providing for salary reductions </font><font style="display: inline;color:#000000;">have similar decreases of their base salaries in effect at the time.</font><a name="_DV_C54"></a><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M52"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M53"></a><font style="display: inline;color:#000000;">You will be eligible to </font><font style="display: inline;color:#000000;">participate in annual incentive or bonus programs and to receive restricted stock and stock option awards </font><font style="display: inline;color:#000000;">with respect to the common stock of the Company as shall be determined by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board in its discretion and pursuant to the terms of plans adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board from time to time.</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M54"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Subject to applicable Company policies, you will be reimbursed for necessary and reasonable business expenses incurred in connection with the performance of your duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company. </font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M55"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">4.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Fringe Benefits</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">You will be entitled to receive employee benefits and participate in any employee benefit plans, in accordance with their terms as from time to time amended, that the Company maintains during your employment and which are made generally available to all other management employees in like positions.&nbsp;&nbsp;This includes a 401(k) and profit sharing plan.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M56"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">5.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Confidential Information</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M57"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Confidential Information&#x201D; means any information you acquire during employment by the Company (including information you conceive, discover or develop) which is not readily available to the general public and which relates to the business, including research and devel</font><font style="display: inline;color:#000000;">opment projects, of the Company</font><font style="display: inline;color:#000000;">.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M58"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">includes</font><font style="display: inline;color:#000000;">, without limitation, information of a technical nature (such as trade secrets, inventions, discoveries, product requirements, designs, </font>
		</font>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">software codes and manufacturing methods), matters of a business nature (such as customer lists, the identities of customer contacts, information about customer requirements and preferences, the terms of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> contracts with its customers and suppliers, and the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> costs and prices), personnel information (such as the identities, duties, customer contacts, </font><a name="_DV_M59"></a><font style="display: inline;color:#000000;">skills</font><a name="_DV_C61"></a><font style="display: inline;color:#000000;">, and&nbsp;&nbsp;personnel data</font><a name="_DV_M60"></a><font style="display: inline;color:#000000;"> of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> employees) and other financial information relating to the Company and its customers (</font><font style="display: inline;color:#000000;">such as</font><font style="display: inline;color:#000000;"> credit terms, methods of conducting business, computer systems, computer software,</font><a name="_DV_M61"></a><font style="display: inline;color:#000000;"> and strategic marketing, sales or other business plans).&nbsp;&nbsp;Confidential Information may or may not be patentable. </font></p>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M62"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Confidential Information </font><font style="display: inline;color:#000000;text-decoration:underline;">does not include</font><font style="display: inline;color:#000000;"> information which you learned prior to employment with the Company from sources other than the Company, information you develop after employment </font><font style="display: inline;color:#000000;">with the Company </font><font style="display: inline;color:#000000;">from sources other than the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Confidential Information or </font><font style="display: inline;color:#000000;">from </font><font style="display: inline;color:#000000;">information which is readily available to persons with equivalent skills, training and experience in the same fields or fields of endeavor as you.&nbsp;&nbsp;You must presume that all information that is disclosed or made accessible to you during employment by the Company is Confidential Information if you have a reasonable basis to believe the information is Confidential Information or if you have notice that the Company treats the information as Confidential Information. </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M63"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d)&nbsp; </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except in conducting the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business, you shall not at any time, either during or following your employment with the Company, make use of, or disclose to any other person or entity, any Confidential Information unless (i) the specific information becomes public from a source other than you or another person or entity that owes a duty of confidentiality to the Compan</font><a name="_DV_M64"></a><font style="display: inline;color:#000000;">y, and (ii)</font><a name="_DV_M65"></a><font style="display: inline;color:#000000;"> 12 months have passed since the specific information became public.&nbsp;&nbsp;However, you may discuss Confidential Information with employees of the Company when necessary to perform your duties to the Company.&nbsp;&nbsp;Notwithstanding the foregoing, if you are ordered by a court of competent jurisdiction to disclose Confidential Information, </font><font style="display: inline;color:#000000;">you will officially advise the c</font><font style="display: inline;color:#000000;">ourt that you are under a duty of confidentiality to the Company hereunder, take reasonable steps to delay disclosure until the Company may be heard by </font><font style="display: inline;color:#000000;">such</font><font style="display: inline;color:#000000;"> Court, give the</font><font style="display: inline;color:#000000;"> Company prompt notice of such c</font><font style="display: inline;color:#000000;">ourt order, and if ordered to disclose such Confidential Information you shall seek to do so under seal or in camera or in such other manner as reasonably designed to restrict the public disclosure and maintain the maximum confidentiality of such Confidential Information.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M66"></a><a name="_DV_X76"></a><a name="_DV_C67"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_C68"></a><font style="display: inline;color:#000000;"> for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board</font><a name="_DV_M67"></a><font style="display: inline;color:#000000;"> or an authorized executive officer of the Company</font><font style="display: inline;color:#000000;">, you shall deli</font><a name="_DV_C70"></a><font style="display: inline;color:#000000;">ver to the Company all originals </font><font style="display: inline;color:#000000;">and</font><a name="_DV_M68"></a><a name="_DV_C72"></a><font style="display: inline;color:#000000;"> copies </font><font style="display: inline;color:#000000;">of any</font><a name="_DV_M69"></a><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_C74"></a><font style="display: inline;color:#000000;">notes, documents, computer data </font><font style="display: inline;color:#000000;">(however stored including such data on your personal digital assistant device or personal computer) and</font><a name="_DV_M70"></a><font style="display: inline;color:#000000;"> records of any kind that reflect or relate to any Confidential Information.&nbsp;&nbsp;As used herein, the term &#x201C;notes&#x201D; means written or printed words, symbols, pictures, numbers or formulae.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M71"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">6.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Inventions</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M72"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">As used throughout this Agreement, the term &#x201C;Inventions&#x201D; means any inventions, improvements, designs, plans, discoveries or innovations of a technical or business nature, whether patentable or not, relating in any way to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> business or contemplated business if the Invention is conceived or </font><font style="display: inline;color:#000000;">reduced</font><font style="display: inline;color:#000000;"> to practice by you during your employment by the Company.&nbsp;&nbsp;Inventions includes all data, records, physical embodiments and intellectual property pertaining thereto.&nbsp;&nbsp;Inventions reduced to pra</font><a name="_DV_C79"></a><font style="display: inline;color:#000000;">ctice within one year following </font><font style="display: inline;color:#000000;">termination of your employment with the Company</font><a name="_DV_M73"></a><font style="display: inline;color:#000000;"> shall be presumed to have been conceived during</font><a name="_DV_C80"></a><font style="display: inline;color:#000000;"> your</font><a name="_DV_M74"></a><font style="display: inline;color:#000000;"> employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M75"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Inventions are the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> exclusive property and shall be promptly disclosed and assigned to the Company without additional compensation of any kind.&nbsp;&nbsp;If requested by the Company, you, your heirs, your executors, your administrators or legal representative will provide any information, documents, testimony or other assistance needed for the Company to acquire, maintain, perfect or exercise any form of legal protection that the Company desires in connection with an Invention.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M76"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Upon </font><a name="_DV_C82"></a><font style="display: inline;color:#000000;">termination of your employment with the Company for any reason, or otherwise upon the demand of the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board </font><font style="display: inline;color:#000000;">or an authorized executive officer</font><font style="display: inline;color:#000000;"> of the Company</font><a name="_DV_M77"></a><font style="display: inline;color:#000000;">, you shall deliver to the Company all copies of and all notes with respect to all documents or records of any kind that relate to any Inventions.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M78"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">7.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Noncompetition and Nonsolicitation</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M79"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">By entering into this Agreement, you acknowledge that </font><a name="_DV_M80"></a><font style="display: inline;color:#000000;">Confidential Information has been and will be developed and acquired by the Company by means of substantial expense and effort, that the Confidential Information is a valuable asset of the Company</font><a name="_DV_M81"></a><font style="display: inline;color:#000000;">, that the disclosure of </font><a name="_DV_M82"></a><font style="display: inline;color:#000000;">Confidential Information to any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> competitors would cause substantial and i</font><a name="_DV_C87"></a><font style="display: inline;color:#000000;">rreparable injury to the Company </font><font style="display: inline;color:#000000;">and its</font><a name="_DV_M83"></a><font style="display: inline;color:#000000;"> business, and that any customers of the Company developed by you or others during your employment are developed on behalf of the Company. </font><a name="_DV_M84"></a><font style="display: inline;color:#000000;"> You further acknowledge that you have been provided with access to Confidential Information, including Confidential Information concerning the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M86"></a><font style="display: inline;color:#000000;">customers, and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> technical, </font><a name="_DV_C89"></a><font style="display: inline;color:#000000;">manufacturing, sales, </font><a name="_DV_M87"></a><font style="display: inline;color:#000000;">marketing</font><a name="_DV_C90"></a><font style="display: inline;color:#000000;">, logistical, financial, personnel</font><a name="_DV_M88"></a><font style="display: inline;color:#000000;"> and business plans, disclosure or misuse of which would irreparably injure the Company.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">In exchange for the consideration specified in </font><font style="display: inline;color:#000000;">Sections 1, 3 and 4</font><font style="display: inline;color:#000000;"> of this Agreement -- the adequacy of which you expressly acknowledge -- you agree that during your employment by the Company and for a period of (1) 12 months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the cases of Sections 7(b)(i)-(iii) below (the &#x201C;Nonsolicitation Period&#x201D;), and (2) six months following </font><font style="display: inline;color:#000000;">the termination of your employment with the Company for any reason</font><font style="display: inline;color:#000000;">, in the case of Section 7(b)(iv) below </font><font style="display: inline;color:#000000;">(the &#x201C;Noncompetition Period&#x201D;)</font><font style="display: inline;color:#000000;">, you shall not, </font><font style="display: inline;color:#000000;">whether </font><font style="display: inline;color:#000000;">directly or indirectly</font><font style="display: inline;color:#000000;">, alone or in conjunction with another party</font><font style="display: inline;color:#000000;">, as an owner, shareholder, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, employee, manager, consultant, independent contractor, or otherwise:</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(i)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Interfere</font><font style="display: inline;color:#000000;"> with or harm, or attempt to interfere with or harm, the relationship of the Company with any person </font><font style="display: inline;color:#000000;">or entity </font><font style="display: inline;color:#000000;">who is an employee, customer</font><font style="display: inline;color:#000000;">, product</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> services</font><font style="display: inline;color:#000000;"> supplier</font><font style="display: inline;color:#000000;">, business agent or partner</font><font style="display: inline;color:#000000;"> of the Company; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Contact any employee of the Company for the purpose of discussing or suggesting that such employee resign from employment with the Company for the purpose of becoming employed </font><font style="display: inline;color:#000000;">or serving as an independent contractor </font><font style="display: inline;color:#000000;">elsewhere or provide information about individual employees of the Company or personnel policies or procedures of the Company to any person or entity, including any individual, agency or company engaged in the business of recruiting employees, executives or officers;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Recruit or hire, or attempt to recruit or hire, any person who is an employee of the Company, or was an employee of the Company within the prior six months, if such employee or former employee was primarily engaged in a sales, marketing or customer relationship position with the Company or has (or if a former employee had at the time of leaving the Company) a base annual salary rate with the Company in excess of $75,000; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Engage as an individual, employee, consultant, </font><font style="display: inline;color:#000000;">director, </font><font style="display: inline;color:#000000;">officer, partner, manager or otherwise </font><font style="display: inline;color:#000000;">with</font><font style="display: inline;color:#000000;"> any other company </font><font style="display: inline;color:#000000;">or business </font><font style="display: inline;color:#000000;">that competes with the Company, including any of the companies listed on </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;"> attached hereto or their </font><font style="display: inline;color:#000000;">subsidiaries or </font><font style="display: inline;color:#000000;">successors; provided, however, that your &#x201C;beneficial ownership,&#x201D; either individually or as a member of a &#x201C;group&#x201D; as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), of not more than two percent (2%) of the voting stock of any publicly held corporation, shall not be a violation of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M108"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Suspension of Noncompetition Periods</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Nonsolicitation and Noncompetition Periods described in Section 7 of this Agreement shall be suspended while you engage in any activities in breach of this Agreement.&nbsp;&nbsp;In the event that a court grants injunctive relief to the Company for your failure to comply with Section 7, </font><font style="display: inline;color:#000000;">each of </font><font style="display: inline;color:#000000;">the Nonsolicitation </font><font style="display: inline;color:#000000;">Period </font><font style="display: inline;color:#000000;">and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Noncompetition Peri</font><font style="display: inline;color:#000000;">od</font><font style="display: inline;color:#000000;"> shall begin again on the date such injunctive relief is granted.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(d)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">You agree to immediately inform the Company if you accept employment or begin self-employment within the Nonsolicitation Period or the Noncompetition Period and to provide details about such employment so that the Company can monitor and determine your compliance with the obligations imposed on you under this Agreement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Termination of Employment</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M109"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Upon Death or Disability.&nbsp; </font><font style="display: inline;color:#000000;">Your employment will terminate automatically upon your death.&nbsp;&nbsp;The Company </font><a name="_DV_C113"></a><font style="display: inline;color:#000000;">is</font><a name="_DV_M110"></a><font style="display: inline;color:#000000;"> entitled to terminate your employment because of your disability upon 30 days&#x2019; written notice</font><a name="_DV_C114"></a><font style="display: inline;color:#000000;"> to you</font><a name="_DV_M111"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; will mean &#x201C;total disability&#x201D; as defined in the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> long term disability plan </font><a name="_DV_C116"></a><font style="display: inline;color:#000000;">at the time such notice is given</font><a name="_DV_M112"></a><font style="display: inline;color:#000000;">, or if the Company does not have such a policy at the time of determination then it will mean your inability to perform your regular job responsibilities for </font><a name="_DV_M113"></a><a name="_DV_C118"></a><font style="display: inline;color:#000000;">more than 180 days in any </font><font style="display: inline;color:#000000;">12 month</font><font style="display: inline;color:#000000;"> period</font><a name="_DV_M114"></a><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">event of a termination under this Section 8(a), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date. </font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M115"></a><font style="display: inline;color:#000000;">Following a termination for Disability by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Disability to arbitration in </font><a name="_DV_C120"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M116"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Disability, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M117"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(b)</font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company for Cause.</font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C122"></a><font style="display: inline;color:#000000;">The Company is entitled to terminate your employment for &#x201C;Cause&#x201D; by giving</font><a name="_DV_M118"></a><font style="display: inline;color:#000000;"> you written notice of such termination.&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Cause&#x201D; shall </font><a name="_DV_C124"></a><font style="display: inline;color:#000000;">mean that you have committed or engaged in</font><a name="_DV_M119"></a><font style="display: inline;color:#000000;"> any one or more of the following</font><a name="_DV_M120"></a><font style="display: inline;color:#000000;">:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M121"></a><font style="display: inline;color:#000000;">(i)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of an act of dishonesty involving the Company, its business or property, including, but not limited to, misappropriation of funds or any property of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M122"></a><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">ngagement in activities or conduct clearly injurious to the best interests or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M123"></a><font style="display: inline;color:#000000;">(iii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">w</font><font style="display: inline;color:#000000;">illful and continued failure substantially to perform your duties under this Agreement (other than as a result of physical or mental illness or injury), after the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board delivers to you a written demand for substantial performance that specifically identifies the manner in which the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board believes that you have not substantially performed your duties;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M124"></a><font style="display: inline;color:#000000;">(iv)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">llegal conduct or gross misconduct that is willful and results in material and demonstrable damage to the business or reputation of the Company;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M125"></a><font style="display: inline;color:#000000;">(v)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of any of the material terms and conditions of this Agreement or any other written agreement or agreements you may from time to time have with the Company</font><a name="_DV_C126"></a><font style="display: inline;color:#000000;"> (following 30 days&#x2019; written notice from the Company specifying the violation and your failure to cure such violation within such 30-day period)</font><a name="_DV_M126"></a><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M127"></a><font style="display: inline;color:#000000;">(vi)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">t</font><font style="display: inline;color:#000000;">he clear violation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> code of business conduct or the clear violation of any other rules of behavior as may be provided in any employee handbook which would be grounds for dismissal of any employee of the Company; or</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M128"></a><font style="display: inline;color:#000000;">(vii)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 54pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommission of a crime which is a felony, a misdemeanor involving an act of moral turpitude, or a misdemeanor committed in connection with your employment by the Company</font><a name="_DV_M129"></a><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M130"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 4.5pt;text-indent:67.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">No act or failure to act shall be considered &#x201C;willful&#x201D; unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interests of the Company.&nbsp;&nbsp;Any act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the </font><font style="display: inline;color:#000000;">Rocky </font><font style="display: inline;color:#000000;">Board or </font><font style="display: inline;color:#000000;">upon </font><font style="display: inline;color:#000000;">the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M131"></a><font style="display: inline;color:#000000;">In the event of a termination under this Section 8(b), the Company will pay you only the earned but unpaid portion of your Basic Salary through the termination date.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M132"></a><font style="display: inline;color:#000000;">Following a termination for Cause by the Company, if you desire to contest such determination, your sole remedy will be to submit the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> determination of Cause to arbitration in </font><a name="_DV_C129"></a><font style="display: inline;color:#000000;">Nelsonville</font><a name="_DV_M133"></a><font style="display: inline;color:#000000;">, Ohio before a single arbitrator under the commercial arbitration rules of the American Arbitration Association.&nbsp;&nbsp;If the arbitrator determines that the termination was other than for Cause, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole liability to you will be the amount that would be payable to you under Section 8(d) of this Agreement for a termination of your employment by the Company without Cause.&nbsp;&nbsp;Each party will bear his or its own expenses of the arbitration.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M134"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(c)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by You.</font></font><font style="display: inline;font-style:italic;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;color:#000000;"></font><a name="_DV_C131"></a><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If you choose to terminate your employment with the Company</font><a name="_DV_M135"></a><font style="display: inline;color:#000000;"> for any reason, you must provide the Company with </font><a name="_DV_M136"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice </font><a name="_DV_M137"></a><font style="display: inline;color:#000000;">and</font><a name="_DV_C135"></a><font style="display: inline;color:#000000;"> agree to</font><a name="_DV_M138"></a><font style="display: inline;color:#000000;"> continue working for the Company during the </font><a name="_DV_C137"></a><font style="display: inline;color:#000000;">30</font><font style="display: inline;color:#000000;">-day notice period; provided, however, that upon receipt of such notice of termination the Company </font><a name="_DV_C139"></a><font style="display: inline;color:#000000;">may restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confident</font><font style="display: inline;color:#000000;">ial Information during the 30</font><font style="display: inline;color:#000000;">-day notice</font><a name="_DV_M139"></a><font style="display: inline;color:#000000;"> period </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> may </font><font style="display: inline;color:#000000;">determine</font><font style="display: inline;color:#000000;"> that your termination date wi</font><font style="display: inline;color:#000000;">ll be prior to the end of the 30</font><font style="display: inline;color:#000000;">-day notice period.</font><a name="_DV_M140"></a><font style="display: inline;color:#000000;"> &nbsp;In the event of </font><a name="_DV_C141"></a><font style="display: inline;color:#000000;">a</font><a name="_DV_M141"></a><font style="display: inline;color:#000000;"> termination under this paragraph, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><a name="_DV_C142"></a><font style="display: inline;color:#000000;"> sole obligation hereunder</font><a name="_DV_M142"></a><font style="display: inline;color:#000000;"> will </font><a name="_DV_C143"></a><font style="display: inline;color:#000000;">be to </font><a name="_DV_M143"></a><font style="display: inline;color:#000000;">pay you the earned but unpaid portion of your Basic Salary through the termination date</font><a name="_DV_C144"></a><font style="display: inline;color:#000000;"> of your employment</font><a name="_DV_M144"></a><font style="display: inline;color:#000000;">, which termination date will not</font><font style="display: inline;color:#000000;"> be deemed to be earlier than 14</font><font style="display: inline;color:#000000;"> days after the date on which you provide the Company with your written notice of termination.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M145"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(d) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination by </font><font style="display: inline;font-style:italic;color:#000000;">the </font><font style="display: inline;font-style:italic;color:#000000;">Company Without Cause</font><a name="_DV_C146"></a><font style="display: inline;font-style:italic;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">The Company may terminate your employmen</font><font style="display: inline;color:#000000;">t without Cause by giving you 14</font><font style="display: inline;color:#000000;"> days&#x2019; advance written notice of such termination; provided, however, the Company may elect to restrict your access to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> offices, employees, customers, suppliers, properties, and Confid</font><font style="display: inline;color:#000000;">ential Information during the 14</font><font style="display: inline;color:#000000;">-day notice period.&nbsp;&nbsp;In the event of a termination without Cause hereunder, the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> sole obligation shall be to pay, maintain or reimburse you the items enumerated in (i) to (iii) below, which obligation shall be effective only upon your prior execution and delivery to the Company of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of any and all claims by you against the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below: </font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C147"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;color:#000000;">(i)&nbsp;&nbsp;The</font><a name="_DV_M146"></a><font style="display: inline;color:#000000;"> Company will pay you the earned but unpaid portion of your Basic Salary </font><a name="_DV_C149"></a><font style="display: inline;color:#000000;">and any earned bonus for a bonus period that was completed prior to the date of termination of your employment</font><font style="display: inline;color:#000000;"> (the &#x201C;Earned Basic Salary&#x201D;)</font><font style="display: inline;color:#000000;">.</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C150"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;The Company</font><a name="_DV_M147"></a><font style="display: inline;color:#000000;"> will continue to pay you your Basic Salary for an additional </font><a name="_DV_M148"></a><a name="_DV_C153"></a><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after the date of termination of your employment (th</font><font style="display: inline;color:#000000;">e &#x201C;Severance Period&#x201D;) minus </font><font style="display: inline;color:#000000;">any deductions require</font><font style="display: inline;color:#000000;">d by law for taxes or otherwise</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(the &#x201C;Salary Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;&nbsp;Any</font><a name="_DV_M151"></a><font style="display: inline;color:#000000;"> such payments will immediately end if (</font><a name="_DV_C155"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M152"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including Sections 5, 6 and/or 7</font><a name="_DV_C156"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M153"></a><font style="display: inline;color:#000000;">; or (</font><a name="_DV_C158"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M154"></a><font style="display: inline;color:#000000;">) the Company, after your termination, learns of any facts about your job performance or conduct that would have given the Company Cause, as defined in Section 8(b), to terminate your employment</font><a name="_DV_C160"></a><font style="display: inline;color:#000000;">;</font></font>
		</p>
		<p style="margin:0pt -7.5pt 0pt 0pt;text-indent:28.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C161"></a><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">(iii)&nbsp; </font><font style="display: inline;color:#000000;">If you were employed by the Company for more than one-half of the number of days in the applicable bonus period, then t</font><font style="display: inline;color:#000000;">he Company will pay you a Pro-Rated Bonus (as defined below) if you are eligible under a bonus plan which is based on the financial performance of the Company and which is in effect at the time of your termination but which provides that you must be employed beyond the date of your termination to earn the bonus.&nbsp;&nbsp;Such Pro-Rated Bonus, if any, will be paid at the same time and in the same form that other similarly situated Company employees are paid under the same bonus plan, except that your payment will be ratably reduced to reflect that you did not remain employed during the entire bonus period.&nbsp;&nbsp;The &#x201C;Pro-Rated Bonus&#x201D; means the bonus that would have been payable to you had you remained employed by the Company throughout the bonus period and based on the actual performance of the Company for the entire bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occurred prior to the date of your termination of employment, and the denominator of which is the number of days in the bonus period (e.g., 365 days for an annual bonus plan, 182.5 days for a semi-annual bonus plan, etc.).&nbsp;&nbsp;The Pro-Rated Bonus will not include any amount for a bonus plan, if any, that is based on individual performance criteria.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M155"></a><a name="_DV_M219"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(e)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Termination Following </font><font style="display: inline;font-style:italic;color:#000000;">a &nbsp;</font><font style="display: inline;font-style:italic;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If a &#x201C;Change in Control,&#x201D;</font><font style="display: inline;color:#000000;"> as defined in Section 8(e</font><font style="display: inline;color:#000000;">)(</font><a name="_DV_M156"></a><font style="display: inline;color:#000000;">vi</font><font style="display: inline;color:#000000;">), s</font><font style="display: inline;color:#000000;">hall have occurred and within 12</font><font style="display: inline;color:#000000;"> months following such Change in Control the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">terminates your employment other than for </font><a name="_DV_C165"></a><font style="display: inline;color:#000000;">Disability under Section 8(a) or Cause under</font><a name="_DV_M157"></a><font style="display: inline;color:#000000;"> Section 8(b), or you terminate your employment for </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Good Reason,</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> as </font><font style="display: inline;color:#000000;">defined in Section 8(e)(</font><font style="display: inline;color:#000000;">vii</font><font style="display: inline;color:#000000;">), </font><a name="_DV_C167"></a><font style="display: inline;color:#000000;">then the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">shall be obligated to pay, maintain</font><font style="display: inline;color:#000000;">, provide</font><font style="display: inline;color:#000000;"> or reimburse</font><font style="display: inline;color:#000000;"> you the item</font><font style="display: inline;color:#000000;">s enumerated in (i) through (iv</font><font style="display: inline;color:#000000;">) below, which obligation shall be effective only upon your prior execution and delivery to the Company </font><font style="display: inline;color:#000000;">or its successor </font><font style="display: inline;color:#000000;">of a release (and the expiration of any period during which you could lawfully revoke or rescind such release) of the Company and its officers, directors, employees, subsidiaries and affiliates, except for claims based on the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to pay or provide to you the items enumerated below</font><font style="display: inline;color:#000000;">:</font></font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C182"></a><font style="display: inline;color:#000000;">(i</font><a name="_DV_M161"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;You shall be paid the Basic Salary, Salary Termination Benefit, and Pro-Rated Bonus as</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">provided</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> Sections 8(d)(i), (ii) and (iii) above.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M178"></a><font style="display: inline;color:#000000;">(ii)&nbsp;&nbsp;All outstanding stock options and restricted stock awards issued to you shall become 100% vested</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but otherwise</font><font style="display: inline;color:#000000;"> such stock options and restricted stock awards shall </font><font style="display: inline;color:#000000;">remain </font><font style="display: inline;color:#000000;">subject to the</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">applicable </font><font style="display: inline;color:#000000;">stock option </font><font style="display: inline;color:#000000;">agreements, </font><font style="display: inline;color:#000000;">restricted stock </font><font style="display: inline;color:#000000;">award </font><font style="display: inline;color:#000000;">agreements and </font><font style="display: inline;color:#000000;">their governing </font><font style="display: inline;color:#000000;">plans.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M179"></a><a name="_DV_M180"></a>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">(iii</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;color:#000000;">If you elect to continue coverage under COBRA following your termination of employment, t</font><font style="display: inline;color:#000000;">he Company s</font><font style="display: inline;color:#000000;">hall maintain for your benefit</font><font style="display: inline;color:#000000;"> at its cost</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> until the earlier of</font><a name="_DV_M181"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">six</font><font style="display: inline;color:#000000;"> months after termination of</font><a name="_DV_M182"></a><font style="display: inline;color:#000000;"> your employment following a Change in Control or</font><a name="_DV_M183"></a><font style="display: inline;color:#000000;"> your commencement of </font><font style="display: inline;color:#000000;">employment with a new employer</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">a partnership or </font><font style="display: inline;color:#000000;">self-employment in an activity for profit</font><font style="display: inline;color:#000000;">, all life insurance, medical, health and accident, and disability plans or programs, at </font><font style="display: inline;color:#000000;">substantially </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">same levels</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">which you shall have participate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> prior to termination of </font><font style="display: inline;color:#000000;">your </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> provided</font><font style="display: inline;color:#000000;">, however, that if</font><font style="display: inline;color:#000000;"> your continued participation </font><font style="display: inline;color:#000000;">in any such plan or program </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">not </font><font style="display: inline;color:#000000;">permitted under the terms of </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">such plans and programs after </font><font style="display: inline;color:#000000;">termination of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> then </font><font style="display: inline;color:#000000;">the Company will</font><font style="display: inline;color:#000000;">, at its option,</font><font style="display: inline;color:#000000;"> either provide a substantially equivalent benefit from another provider or pay you the cost of obtaining such benefit in your own name </font><font style="display: inline;color:#000000;">(&#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit&#x201D;)</font><font style="display: inline;color:#000000;">&nbsp;</font><a name="_DV_M184"></a><font style="display: inline;color:#000000;">(collectively the </font><font style="display: inline;color:#000000;">Earned Basic Salary, the </font><font style="display: inline;color:#000000;">Salary Termination Benefit</font><font style="display: inline;color:#000000;">, the Pro-Rated Bonus,</font><font style="display: inline;color:#000000;"> and the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Fringe Termination Benefit are referred to as the &#x201C;</font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(iv)&nbsp;&nbsp;The Company is aware that upon the occurrence of a Change in Control, the Board of Directors or a shareholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute litigation seeking to have this Agreement declared unenforceable, or may take or attempt to take other action to deny you the benefits intended under this Agreement.&nbsp;&nbsp;In these circumstances, the purpose of this Agreement could be frustrated.&nbsp;&nbsp;Accordingly, if following a Change in Control it should appear to you that the Company has failed to comply with any of its obligations under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement or in the event that the Company or any other person takes any action to declare Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;"> of this Agreement void or unenforceable, or institutes any litigation or other legal action designed to deny, diminish or to recover from you the benefits entitled to be provided to you under Section 8</font><font style="display: inline;color:#000000;">(e)</font><font style="display: inline;color:#000000;">, and that you have complied with all your obligations under this Agreement, the Company authorizes you to retain counsel of your choice, at the expense of the Company as provided in this Section 8(e)(viii), to represent you in connection with the initiation or defense of any pre-suit settlement negotiations, litigation or other legal action, whether such action is by or against the Company or any Director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction.&nbsp;&nbsp;Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company consents to you entering into an attorney-client relationship with such counsel, and in that connection the Company and you agree that a confidential relationship shall exist between you and such counsel, except with respect to any fee and expense invoices generated by such counsel.&nbsp;&nbsp;The reasonable fees and expenses of counsel selected by you as hereinabove provided shall be paid or reimbursed to you by the Company on a regular, periodic basis upon presentation by you of a statement or statements prepared by such counsel in accordance with its customary practices, up to</font><a name="_DV_C250"></a><font style="display: inline;color:#000000;"> a maximum aggregate amount of</font><a name="_DV_M218"></a><font style="display: inline;color:#000000;"> $50,000.&nbsp;&nbsp;Any legal expenses incurred by the Company by reason of any dispute between the parties as to enforceability</font><font style="display: inline;color:#000000;"> of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Section 8(e),</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">any of </font><font style="display: inline;color:#000000;">the terms contained in Section 8(e), notwithstanding the outcome of any such dispute, shall be the sole responsibility of the Company, and the Company shall not take any action to seek reimbursement from you for such expenses.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(v)&nbsp;&nbsp;The Company may immediately discontinue the payment </font><a name="_DV_C226"></a><font style="display: inline;color:#000000;">or provision </font><a name="_DV_M200"></a><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">CoC </font><font style="display: inline;color:#000000;">Termination Benefits if (</font><a name="_DV_C228"></a><font style="display: inline;color:#000000;">A</font><a name="_DV_M201"></a><font style="display: inline;color:#000000;">) you are in violation of any of your obligations under this Agreement, including </font><a name="_DV_C229"></a><font style="display: inline;color:#000000;">those </font><a name="_DV_M202"></a><font style="display: inline;color:#000000;">in Sections 5, 6 and/or 7</font><a name="_DV_C230"></a><font style="display: inline;color:#000000;"> hereof</font><a name="_DV_M203"></a><font style="display: inline;color:#000000;">; and/or (</font><a name="_DV_C232"></a><font style="display: inline;color:#000000;">B</font><a name="_DV_M204"></a><font style="display: inline;color:#000000;">) the Company learns</font><font style="display: inline;color:#000000;">, within 60 days of your termination of employment,</font><font style="display: inline;color:#000000;"> of any facts about your job performance or conduct that would have given the Company Cause</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> as defined in Section 8(b)</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> to terminate your employment</font><a name="_DV_C234"></a><font style="display: inline;color:#000000;">; &nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">provided further</font><font style="display: inline;color:#000000;">, that the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> obligation to provide the Fringe Termination Benefit shall cease upon the earlier of your becoming employed or self-employed</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M160"></a><font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">v</font><font style="display: inline;color:#000000;">i</font><a name="_DV_C168"></a><font style="display: inline;color:#000000;">)&nbsp;&nbsp;A &#x201C;Change in Control&#x201D; shall be deemed to have occurred if and when, after the date hereof, (A</font><a name="_DV_X236"></a><a name="_DV_C169"></a><font style="display: inline;color:#000000;">) any &#x201C;person&#x201D; (as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;) on the date hereof, including any &#x201C;group&#x201D; as such term is used in Section 13(d)(3) of the Exchange Act on the date hereof, shall acquire (or disclose the previous acquisition of) beneficial ownership (as that term is defined in Section 13(d) of the Exchange Act and the rules thereunder on the date hereof) of shares of the outstanding stock of any class or classes of the Company which (A) results in such person or group possessing more than 50% of the total voting power of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> outstanding voting securities ordinarily having the right to vote for the election of directors of the Company</font><a name="_DV_C170"></a><font style="display: inline;color:#000000;"> (&#x201C;a Majority Ownership Change&#x201D;); or (B</font><a name="_DV_X238"></a><a name="_DV_C171"></a><font style="display: inline;color:#000000;">) as the result of, or in connection with, any tender or exchange offer, merger or other business combination, </font><a name="_DV_X240"></a><a name="_DV_C172"></a><font style="display: inline;color:#000000;">or any combination of the foregoing transactions (a &#x201C;</font><a name="_DV_C173"></a><font style="display: inline;color:#000000;">Stock </font><a name="_DV_X241"></a><a name="_DV_C174"></a><font style="display: inline;color:#000000;">Transaction&#x201D;), the owners of the voting shares of the Company outstanding immediately prior to such Transaction own less than a majority of the voting shares of the Company after the Transaction; or (</font><a name="_DV_C175"></a><font style="display: inline;color:#000000;">C</font><a name="_DV_X243"></a><a name="_DV_C176"></a><font style="display: inline;color:#000000;">) during any period of two consecutive years during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company (or who take office following the approval of a majority of the directors then in office who were directors at the beginning of the period) cease for any reason to constitute </font><a name="_DV_C177"></a><font style="display: inline;color:#000000;">a majority</font><a name="_DV_X245"></a><a name="_DV_C178"></a><font style="display: inline;color:#000000;"> thereof, unless the election of each director who was not a director at the beginning of such period has been approved in advance by directors of the Company representing at least one-half of the directors then in office who were directors at the beginning of the period</font><a name="_DV_C179"></a><font style="display: inline;color:#000000;"> (a &#x201C;Majority Board Change&#x201D;); or (D</font><a name="_DV_X247"></a><a name="_DV_C180"></a><font style="display: inline;color:#000000;">) the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Company (</font><a name="_DV_C181"></a><font style="display: inline;color:#000000;">an &#x201C;Asset Transaction&#x201D;) shall have occurred.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M186"></a><a name="_DV_M187"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M206"></a><font style="display: inline;color:#000000;">(vi</font><font style="display: inline;color:#000000;">i</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;As used in this Agreement, the term &#x201C;Good Reason&#x201D; means, without your written consent: </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M207"></a><font style="display: inline;color:#000000;">(A)&nbsp;&nbsp;a material change in your status, posi</font><font style="display: inline;color:#000000;">tion</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities which </font><font style="display: inline;color:#000000;">does not represent a promotion from your existing </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">status, position</font><font style="display: inline;color:#000000;">, duties</font><font style="display: inline;color:#000000;"> or responsibilities as in effect immediately </font><font style="display: inline;color:#000000;">prior to the Change in Control </font><font style="display: inline;color:#000000;">(except in connection with the termination of employment for total and permanent disability, death, or Cause, or by </font><font style="display: inline;color:#000000;">you other than for Good Reason)</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M208"></a><font style="display: inline;color:#000000;">(B)&nbsp;&nbsp;a reduction by the Company in your Basic Salary as in effect on the date of the Change in Control</font><font style="display: inline;color:#000000;">, other than a reduction of up to 20% of your Basic Salary pursuant to Section 3(a) of this Agreement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> failure to increase (within </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months of your last increase in Basic Salary) your Basic Salary after a Change in Control in an amount which at least equals, on a percentage basis, the average percentage increase in Basic Salary for all </font><font style="display: inline;color:#000000;">senior </font><font style="display: inline;color:#000000;">executive officers of the Company, which were effected in the preceding </font><font style="display: inline;color:#000000;">12</font><font style="display: inline;color:#000000;"> months; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(C) the failure of the</font><font style="display: inline;color:#000000;"> Company to continue to maintain your participation in </font><font style="display: inline;color:#000000;">an</font><font style="display: inline;color:#000000;">y</font><font style="display: inline;color:#000000;"> incentive, bonus or similar compensation plan</font><font style="display: inline;color:#000000;">, including stock option and restricted stock plans, at substantially the level of your participation therein prior to the Change of Control.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M209"></a><a name="_DV_M210"></a>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M211"></a><font style="display: inline;color:#000000;">(D</font><font style="display: inline;color:#000000;">)&nbsp;&nbsp;the failure by the Company to continue to provide you with benefits substantially similar to those enjoyed or to which you are en</font><font style="display: inline;color:#000000;">titled under any of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> profit sharing, life insurance, medical, dental, health and accident, disability plans</font><font style="display: inline;color:#000000;">, paid vacation, leave and similar benefits in provided</font><font style="display: inline;color:#000000;"> at the time </font><font style="display: inline;color:#000000;">of a Change in Control</font><font style="display: inline;color:#000000;">; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(E)</font><font style="display: inline;color:#000000;"> &nbsp;the relocation of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> principal executive offices to a location more than 75 miles from Nelsonville, Ohio or the relocation of your regular office assignment by the Company to a location outside of a 35 mile radius of Nelsonville, Ohio;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M212"></a><font style="display: inline;color:#000000;">(F)&nbsp;&nbsp;the failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Agreement;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M213"></a><font style="display: inline;color:#000000;">(G)&nbsp;&nbsp;any request by the Company that you participate in an unlawful act; or </font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
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		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M214"></a><font style="display: inline;color:#000000;">(H)&nbsp;&nbsp;any </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">breach of this Agreement </font><font style="display: inline;color:#000000;">by</font><font style="display: inline;color:#000000;"> the Company</font><font style="display: inline;color:#000000;"> which if curable is not cured within 10 days after you provide notice of such breach to the Company</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font><a name="_DV_M215"></a>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M216"></a><font style="display: inline;color:#000000;">(f</font><font style="display: inline;color:#000000;">)&nbsp; </font><font style="display: inline;font-style:italic;color:#000000;text-decoration:underline;">Obligations of Company Upon Termination of Employment</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Upon any </font><font style="display: inline;color:#000000;">termination</font><font style="display: inline;color:#000000;"> of your employment hereunder, the Company shall have no further obligations under this Agreement and no further payments shall be payable</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and no further benefits </font><font style="display: inline;color:#000000;">shall</font><font style="display: inline;color:#000000;"> be provided, </font><font style="display: inline;color:#000000;">by the Company to you, except as provided in Section 8 above and except as required under any </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">benefit plans or arrangements maintained by the Company and applicable to you at the time of such term</font><font style="display: inline;color:#000000;">ination </font><font style="display: inline;color:#000000;">of your employment.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M217"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">(g</font><font style="display: inline;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Waiver of Noncompetition Provision</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that the Company terminates your employment in the manner described in Section 8(d), Termination by </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Company Without Cause, </font><font style="display: inline;color:#000000;">or your employment is </font><font style="display: inline;color:#000000;">terminated following a Change in</font><font style="display: inline;color:#000000;"> Control </font><font style="display: inline;color:#000000;">either </font><font style="display: inline;color:#000000;">by the Company other than for Disability </font><font style="display: inline;color:#000000;">under Section 8(a)</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">f</font><font style="display: inline;color:#000000;">or Cause under Section 8(b) or </font><font style="display: inline;color:#000000;">is terminated </font><font style="display: inline;color:#000000;">by you for Good Reason, then </font><font style="display: inline;color:#000000;">at any time during the Noncompetition Period you may make a written request to the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Chairman of the Board</font><font style="display: inline;color:#000000;"> for a waiver of the Noncompetition Period and the covenants contained in Section 7(b)(iv).&nbsp;&nbsp;Such request will be </font><font style="display: inline;color:#000000;">considered</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">but</font><font style="display: inline;color:#000000;"> will be granted, in whole or in part, or denied at the absolute discretion of the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> Board of Directors.&nbsp;&nbsp;If a waiver is granted, as of the date of the waiver, the severance </font><font style="display: inline;color:#000000;">benefits </font><font style="display: inline;color:#000000;">provided in Section</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> 8(d)(i)-(iii) </font><font style="display: inline;color:#000000;">and 8(e)(i)-(iv)</font><font style="display: inline;color:#000000;">, as applicable,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">will cease.&nbsp;&nbsp;Notwithstanding the foregoing, the Nonsolicitation Period and the covenants contained in Section 7(b)(i)-(iii) will remain in full force and effect until expiration of the Nonsolicitation Period.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(h</font><font style="display: inline;color:#000000;">) &nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">No Limitation on Certain Obligations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Ex</font><font style="display: inline;color:#000000;">cept as set forth in Section 8(g</font><font style="display: inline;color:#000000;">) above, nothing contained in this Section 8 shall be construed as limiting your obligations under Sections 5, 6, or 7 of this Agreement concerning Confidential Information, Inventions, or Noncompetition and Nonsolicitation.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(i</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-style:italic;color:#000000;">Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You and the Company desire to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the &#x201C;Code&#x201D;), in accordance with the transition rules applicable under IRS Notice 2007-86 and Final Regulations issued under Section 409A of the Code.&nbsp;&nbsp;Therefore, notwithstanding</font><font style="display: inline;color:#000000;"> any provision of this Agreement to the contrary, if the Company determines that you are a &#x201C;specified employee&#x201D; as defined in Section 409A of the Code or any guidance promulgated thereunder (&#x201C;Code Section 409A&#x201D;), you shall not be entitled to any payments </font><font style="display: inline;color:#000000;">under Section 8 of this Agreement </font><font style="display: inline;color:#000000;">upon termination of your employment with the Company for any reason </font><font style="display: inline;color:#000000;">that otherwise would cause you to incur any additional tax or interest under Code Section 409A, </font><font style="display: inline;color:#000000;">until the earlier of (i) the date which is six months after </font><font style="display: inline;color:#000000;">the date of </font><font style="display: inline;color:#000000;">such termination, or (ii) the date of your death.&nbsp;&nbsp;If any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause you to incur any additional tax or interest under Code Section 409A, the Company shall, after consulting with you and receiving your approval (which shall not be unreasonably withheld), reform such provision in such a manner as shall not cause you to incur any such tax or interest.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">9.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Remedies; Venue; Process</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M229"></a><font style="display: inline;color:#000000;">(a) </font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">You hereby acknowledge and agree that the Confidential Information disclosed to you prior to and during the term of this Agreement is of a special, unique and extraordinary character, and that any breach of this Agreement will cause the Company irreparable injury and damage, and consequently the Company shall be entitled, in addition to all other legal and equitable remedies available to it, to injunctive and any other equitable relief to prevent or cease a breach of Sections 5, 6, or 7 of this Agreement without further proof of harm and entitlement; that the terms of this Agreement, if enforced by the Company, will not unduly impair your ability to earn a living or pursue your vocation; and further, that the Company may cease paying any compensation and benefits under Section 8 if you fail to comply with this Agreement, without restricting the Company from other legal and equitable remedies.&nbsp;&nbsp;The parties agree that the prevailing party in litigation concerning a breach of this Agreement shall be entitled to all costs and expenses (including reasonable legal fees and expenses) which it incurs in successfully enforcing this Agreement and in prosecuting or defending any litigation (including appellate proceedings) concerning a breach of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M230"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">(b)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Except </font><a name="_DV_C260"></a><font style="display: inline;color:#000000;">as otherwise specifically provided in</font><a name="_DV_M231"></a><font style="display: inline;color:#000000;"> of this Agreement, the parties agree that jurisdiction and venue in any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly lie in the Court of Common Pleas of Athens County, Ohio.&nbsp;&nbsp;Such jurisdiction and venue is exclusive, except that the Company may bring suit in any jurisdiction and venue where jurisdiction and venue would otherwise be proper if you may have breached Sections 5, 6, or 7 of this Agreement.&nbsp;&nbsp;The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without the necessity for service by any other means provided by statute or rule of court.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M232"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">10.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Exit Interview</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to termination of your employment with the Company for any reason, you shall attend an exit interview if desired by the Company and shall, in any event, inform the Company at the earliest possible time of the identity of your future employer and of the nature of your future employment.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M233"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">11.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Waiver</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any failure by the Company to enforce any provision of this Agreement shall no</font><font style="display: inline;color:#000000;">t in any way affect the </font><font style="display: inline;color:#000000;">Company&#x2019;s</font><font style="display: inline;color:#000000;"> right to enforce such provision or any other provision at a later time.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M234"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">12.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Saving</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any provision of this Agreement is later found to be completely or partially unenforceable, the remaining part of that provision of any other provision of this Agreement shall still be valid and shall not in any way be affected by the finding.&nbsp;&nbsp;Moreover, if any provision is for any reason held to be unreasonably broad as to time, duration, geographical scope, activity or subject, such provision shall be interpreted and enforced by limiting and reducing it to preserve enforceability to the maximum extent permitted by law.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M235"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">13.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">No Limitation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;You acknowledge that your employment by the Company may be terminated at any time by the Company or by you with or without cause in accordance with the </font>
		</font></p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">terms of this Agreement.&nbsp;&nbsp;This Agreement is in addition to and not in place of other obligations of trust, confidence and ethical duty imposed on you by law.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M236"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">14.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_C261"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Notices.</font><font style="display: inline;color:#000000;"> &nbsp;Notices and all other communications under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, or upon receipt if overnight delivery service is used, addressed as follows:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C262"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To You:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C263"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Byron Wortham </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">14733 Bradford Drive </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Logan, OH 43138 </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C266"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">To the Company:</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C267"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Rocky Brands, Inc.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Attention:&nbsp;&nbsp;Chairman of the Board</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C268"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">39 East Canal Street</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C269"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;">Nelsonville, OH 45764</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C274"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">15.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><a name="_DV_M237"></a><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio without reference to its choice of law rules.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C276"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">16.</font><a name="_DV_M238"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Final Agreement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&nbsp;This Agreement replaces any existing agreement between you and the Company relating to the same subject matter and may be modified only by an agreement in writing signed by both you and a duly authorized representative of the Company.&nbsp; </font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_C278"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;color:#000000;">17.</font><a name="_DV_M239"></a></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Further Acknowledgments</font><font style="display: inline;font-weight:bold;color:#000000;">.&nbsp;&nbsp;&nbsp;YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS AGREEMENT, THAT YOU HAVE READ AND UNDERSTOOD THIS AGREEMENT, THAT YOU UNDERSTAND THIS AGREEMENT AFFECTS YOUR RIGHTS, AND THAT YOU HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY.</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font><a name="_DV_C279"></a>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="font-weight:bold;color:#0000FF;border-bottom-style:double;border-bottom-width:2pt;height:100%;text-indent:0pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="height:16pt;text-indent:0pt;margin-left:0pt; width:36pt;"></font><font style="height:16pt;text-indent:0pt;margin-left:0pt; width:-1pt;text-align:left"><font style="display: inline;font-weight:bold;color:#000000;"></font></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;"></font><a name="_DV_M240"></a><font style="display: inline;font-weight:bold;color:#000000;">ROCKY BRANDS, INC.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M241"></a><font style="display: inline;color:#000000;">By:&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jason Brooks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Jason</font><font style="display: inline;color:#000000;"> Brooks</font></font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">President and Chief Executive Officer </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M245"></a><font style="display: inline;font-weight:bold;color:#000000;">EXECUTIVE:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_DV_M246"></a><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Byron Wortham&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Byron Wortham </font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 6pt">
			<a name="_DV_M247"></a><font style="display: inline;color:#000000;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font><font style="display: inline;font-weight:bold;color:#000000;">Rocky Brands, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Exhibit A to Employment Agreement with </font><font style="display: inline;font-weight:bold;color:#000000;">Byron Wortham</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Lacrosse</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Danner</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wolverine World Wide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Merrell</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Caterpillar</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bates</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dickies</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carhartt</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Carolina</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Thorogood</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Nike</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Galls</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Altama</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Skechers</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Timberland</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Red Wing</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Ariat</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">H.H. Brown</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Justin</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cabela&#x2019;s</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bass Pro</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Sportsman&#x2019;s Guide</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Muck</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Chippewa</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Realtree</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Bellville</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Garmont</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Oakley</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Reebok</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font>

		</p>

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