| Number                                                                                                          |                                                     | Shares                                   |
|-----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------|------------------------------------------|
|                                                                                             |                                                     |                                     |
|        MS-                 |                                                     |                                     |
|                                                                                                            | MISCOR      GROUP, LTD.                                  |                                     |
|                                                                                                            | INCORPORATED      UNDER THE LAWS OF THE STATE OF INDIANA | CUSIP      60477P 20 1                   |
|                                                                                                            | COMMON      STOCK                                        | SEE      REVERSE FOR CERTAIN DEFINITIONS |

| DATED:                                                       | MISCOR      GROUP, LTD. |                                                                  |
|--------------------------------------------------------------|-------------------------|-----------------------------------------------------------------------|
|                                                         | SEAL                    |                                                                  |
|                                                         | INDIANA                 |                                                                  |
| /s/ James M. Lewis                                           |                    | /s/ John A. Martell                                                   |
|      JAMES      M. LEWIS, SECRETARY |                         |      JOHN      A. MARTELL, PRESIDENT and CEO |

----

|   | TEN      COM-as tenants in common                                                                        | UNIF      GIFT MIN ACT- | ________      Custodian ______                                                                                                                                                 |
|--------|----------------------------------------------------------------------------------------------------------|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | TEN      ENT-as tenants by the entireties                                                                |                    | (Cust)                      (Minor)                              |
|   | JT      TEN-as joint tenants with right of survivorship      and not as tenants in      common |                    | under      Uniform Gifts to MinorsAct______________________                  (State) |

| PLEASE      INSERT SOCIAL SECURITY OR OTHERIDENTIFYING      NUMBER OF ASSIGNEE |   |
|--------------------------------------------------------------------------------|--------|
|                                                                           |   |

----

----

----

|                                                                                                                                                                                                                                                                                   | X                                                                                                                                                                                                                         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                   | X                                                                                                                                                                                                                         |
| NOTICE:                                                                                                                                                                                                                                                                      | THE      SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS      WRITTEN UPON THE      FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR      ENLARGEMENT OR      ANY CHANGE WHATEVER. |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                      |
| Signature(s)      Guaranteed                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                      |
| By:                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                      |
| THE      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION      (BANKS, STOCKBROKERS,      SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN      APPROVED      SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE      17Ad-15. |                                                                                                                                                                                                                      |