**Exhibit 10(n)**

**AMENDED AND RESTATED**

**EMPLOYMENT AGREEMENT**

THIS AMENDED AND RESTATED AGREEMENT is made and entered into as of this 30th day of December, 2010, by and between BLOUNT INTERNATIONAL,INC., a Delaware corporation (the “Company”), and JAMES LEE VANDERZANDEN (“Executive”). 

**W I T N E S S ET H:**

WHEREAS, the Company and Executive entered into an Amended and Restated Employment Agreement, dated as ofOctober 1, 2002, which Agreement has previously been amended (such Agreement as amended is hereinafter referred to as the “Prior Employment Agreement”); and 

WHEREAS, the parties now desire to amend the Prior Employment Agreement in a number of respects and to restate such Agreement as hereinafter provided; and 

WHEREAS, Executive desires to continue his employment with the Company on the terms and conditions provided herein; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereby agree asfollows: 

1. Employment and Term. 

(a) Subject to the terms and conditions of this Agreement, the Company hereby employs Executive, and Executive hereby accepts employment, as Senior Vice President – Business Development of theCompany and shall have such responsibilities, duties and authority as may from time to time be assigned to Executive by the Chief Executive Officer (or his designee) or the Board. Executive hereby agrees that during the Term of this Agreement he

will devote substantially all his working time, attention and energies to the diligent performance of his duties for the Company. With the consent of the Chief Executive Officer, the Executivemay serve as a director on the board of directors or trustees of an additional company or educational organization. 

(b)Unless earlier terminated as provided herein, Executive’s employment under this Agreement shall be for a rolling, two-year term (the “Term”) commencing on December 31, 2010 (the “Effective Time”), and shall be deemed toextend automatically, without further action by either the Company or Executive, each day for an additional day, such that the remaining term of the Agreement shall continue to be two years; provided, however, that either party may, by writtennotice to the other, cause this Agreement to cease to extend automatically and, upon such notice, the “Term” of this Agreement shall be the two-year period following the date of such notice and this Agreement shall terminate upon theexpiration of such Term. 

2. Compensation and Benefits. As compensation for Executive’s services during the Termof this Agreement, Executive shall be paid and receive the compensation and benefits set forth in subsections (a) through (e) below: 

(a) An annual base salary (“Base Salary”) of Two Hundred Seventy-Five Thousand Dollars ($275,000), prorated for any partial year of employment. Executive’s Base Salary shall be subject toannual review at such time as the Company conducts salary reviews for its executives generally. Executive’s Base Salary shall be payable in substantially equal installments on a bi-monthly basis, or in accordance with the Company’s regularpayroll practices in effect from time to time for executives of the Company. 

 
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(b) Executive shall be eligible to participate in the Executive Management Annual IncentiveProgram (“Incentive Program”) and such other annual incentive plans as may be established by the Company from time to time for individuals at Executive’s level. The Company will establish individual and financial performance goalseach year under the Incentive Program, and Executive’s annual Target Bonus shall be 50% of Base Salary. The annual incentive bonus payable under this subsection (b) shall be payable in accordance with the provisions of the IncentiveProgram at the same time bonuses are paid to other executives, unless Executive elects to defer all or a portion of such bonus pursuant to any deferral plan established by the Company for such purpose. 

(c) Executive was eligible to participate in the Blount, Inc. and Subsidiaries Supplemental Retirement Benefit Plan (“SERP”).Executive acknowledges that the SERP was frozen effective as of December 31, 2006. 

(d) Executive shall be entitled toparticipate in, or receive benefits under, any “employee benefit plan” (as defined in Section 3(3) of ERISA) or employee benefit arrangement made generally available by the Company to its executives, including plans providingretirement, 401(k) benefits (including the Savings Plus Benefit and the Blount Supplemental Retirement Savings Plan), health care (including Exec-U-Care), life insurance, disability and similar benefits. 

(e) Executive is eligible for vacation in accordance with the Company’s standard vacation policy. Executive will be provided anannual physical examination. Executive will be promptly reimbursed by the Company for all reasonable business expenses Executive incurs and properly reports in carrying out Executive’s duties and responsibilities under this Agreement. Executivewill be paid a tax gross-up amount by the Company to cover any additional federal, state or local income taxes he incurs as a result of being required to include in income the amount of the costs for, or personal usage of Company assets. 

 
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3. Termination. 

3.1 By Company. The Company shall have the right to terminate Executive’s employment under this Agreement at any time duringthe Term by Notice of Termination (as described in Section 6). Executive shall have the right to terminate his employment at any time during the Term by notice to the Company. If the Company terminates Executive’s employment under thisAgreement (i) for Cause, as defined in Section 5.2, (ii) if Executive becomes Disabled, or (iii) upon Executive’s death, or if Executive terminates his employment, the Company’s obligations under this Agreement shallcease as of the date of termination; provided, however, that Executive will be entitled to whatever benefits are payable to Executive pursuant to the terms of any health, life insurance, disability, welfare, retirement or other plan or programmaintained by the Company in which Executive participates. If the Company terminates Executive during the Term of this Agreement other than pursuant to clauses (i) through (iii) of this Section 3.1, Executive shall be entitled toreceive the compensation and benefits provided in subsections (a) through (c) below. Unless specified otherwise, the time periods in subsections (a) through (c) below shall be the lesser of (i) the 12-month period (the24-month period if Executive’s Date of Termination is on or after the date of a Change in Control, as defined in Section 5.3), commencing on the date of Executive’s termination of employment, or (ii) the time period remainingfrom Executive’s Date of Termination until the date he attains age 65 (such time period under (i) or (ii) is hereinafter referred to as the “Severance Period”). Except as

 
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otherwise provided herein, the Company agrees that if Executive’s employment is terminated and he is entitled to compensation and benefits under this Section 3.1, he shall not berequired to mitigate damages by seeking other employment, nor shall any compensation or benefits he receives reduce the amount payable by the Company hereunder. Executive agrees that the compensation and benefits provided pursuant to thisSection 3.1 shall be the only severance benefits payable to Executive by the Company and its affiliates as a result of Executive’s termination of employment and Executive hereby waives his rights (if any) to any severance benefits underany other plan or program of the Company and its affiliates. The compensation and benefits payable or to be provided under subsections (a) through (c) below shall cease in the event of Executive’s death after termination ofemployment. 

(a) Base Salary - Executive will continue to receive his Base Salary as then in effect (subject towithholding of all applicable taxes) for the Severance Period in the same manner as it was being paid as of the date of termination; provided, however, that the salary payments provided for hereunder shall be paid in a single lump sum payment, to bepaid not later than 30 days after his termination of employment; provided, further, that the amount of such lump sum payment shall be determined by taking the salary payments to be made and discounting them to their Present Value (as defined inSection 5.8) on the date Executive’s employment under this Agreement is terminated. 

(b) Bonuses andIncentives - Executive shall receive bonus payments from the Company for each month of the Severance Period in an amount for each such month equal to one-twelfth of the average of the bonuses (“Average Bonus”) earned by him for the twofiscal years in which bonuses were paid (ignoring any fiscal year in which a bonus was not paid) 

 
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immediately preceding the fiscal year in which such termination occurs (including, if applicable, any completed fiscal year for which the bonus has been earned but has not yet been paid). Anybonus amounts that Executive had previously earned from the Company but which may not yet have been paid as of the date of termination shall be payable on the date such amounts are payable to other executives and Executive’s termination shallnot affect the payment of such bonus. Executive shall also receive a prorated bonus for any uncompleted fiscal year at the Date of Termination calculated based upon the Average Bonus and the number of days that he was employed during such fiscalyear compared to 365. The bonus amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; provided, that the amount of such lump sum payment representing the monthlybonus payments shall be determined by taking the monthly bonus payments to be made and discounting them to their Present Value on the date Executive’s employment under this Agreement is terminated. 

(c) Health and Life Insurance Coverages - The health (including Exec-U-Care) and group term life insurance benefits coverageprovided to Executive at his Date of Termination shall be continued for the Severance Period at the same level and in the same manner as then provided to actively employed executive participants as if his employment under this Agreement had notterminated. Any additional coverages Executive had at termination, including dependent coverage, will also be continued for such period on the same terms, to the extent permitted by the applicable policies or contracts. Any costs Executive waspaying for such coverages at the time of termination shall be paid by Executive by separate check payable to the Company each month in advance. If the terms of the life insurance coverage referred to in this subsection (c), or the laws applicable tosuch life insurance coverage, do not permit continued participation by Executive, then the Company will arrange for other life insurance coverage at its expense providing substantially similar benefits. 

 
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If the terms of the healthcare benefits program referred to in this subsection (c) donot permit continued participation by Executive as required by this subsection or if the healthcare benefits to be provided to Executive and his dependents pursuant to this subsection (c) cannot be provided in a manner such that the benefitpayments will continue to be tax-free to Executive and his dependents, then the Company shall (i) pay to Executive within five (5) days after Executive’s date of termination a lump sum amount equal to the monthly rate for COBRAcoverage at Executive’s termination date that is then being paid by former active employees for the level of coverage that applies to Executive and his dependents, minus the amount active employees are then paying for such coverage, multipliedby the number of months in the Severance Period (plus a tax gross-up on such lump sum amount determined under this subsection (c)), and (ii) permit Executive and his dependents to elect to participate in the healthcare plan for the length ofthe Severance Period upon payment of the applicable rate for COBRA coverage during the Severance Period 

(d) Effect of LumpSum Payment. The lump sum payments under subsections (a) and (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in subsection (c). Benefits under such plans shall be determined asif Executive had received such payments monthly over the Severance Period. The lump sum payments under subsections (a), (b), and (c) above are separate payments and are intended to satisfy the “short-term deferral exception” ofSection 409A of the Code; provided that, if such exception does not apply, the provisions of Section 3.5, including the provisions relating to the delay in payments to “key employees”, shall apply. 

 
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(e) Stock Options and Other Equity Awards. As of Executive’s Date ofTermination, any outstanding stock options and other equity awards granted to Executive by the Company shall be become vested and exercisable as provided in the agreements for such stock options and equity awards. 

3.2 Release of Claims. To be entitled to any of the compensation and benefits described above in Section 3.1, Executive shallsign a release of claims in the form required by the Company. No payments shall be made under Section 3.1 until such release has been properly executed and delivered to the Company and until the expiration of the revocation period, if any,provided under the release. If the release is not properly executed by Executive and delivered to the Company within the reasonable time periods specified in the release, the Company’s obligations under Section 3.1 will terminate.

3.3 Sale of Business. If all or substantially all of the assets of the business unit for which Executive works aresold by the Company and Executive receives a bona fide offer of employment from the purchaser of such assets for a position and with compensation and benefits comparable to those Executive then has with the Company, Executive shall not, as a resultof such transaction, be entitled to compensation and benefits under Section 3.1 arising from his termination of employment with the Company. If Executive does not receive such a bona fide offer of employment with comparable compensation andbenefits from the purchaser, then the other provisions of this Section 3 shall apply. 

 
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3.4 Section 409A Compliance. This Agreement shall at all times be interpretedand operated in good faith compliance in accordance with the requirements of Section 409A. Any action that may be taken (and, to the extent possible, any action actually taken) by the Company shall not be taken (or shall be void and withouteffect), if such action violates the requirements of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void and without effect. In addition, any provision that is requiredto appear in this Agreement in accordance with Section 409A that is not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered in all respects as if such provision were expressly set forth.The Company shall have the authority to delay the commencement of all or a part of the payments to Executive under Section 3.1 if Executive is a “key employee” of the Company (as determined by the Company in accordance with proceduresestablished by the Company that are consistent with Section 409A) to a date which is six months after the date of Executive’s termination of employment (and on such date the payments that would otherwise have been made during suchsix-month period shall be made), but only to the extent such delay is required under the provisions of Section 409A to avoid imposition of additional income and other taxes, provided that the Company and Executive agree to take into account anytransitional rules and exemption rules available under Section 409A. 

3.5 Limitation on Benefits Upon Termination.

(a) Notwithstanding anything in this Agreement to the contrary, any benefits payable or to be provided to Executive by theCompany or its affiliates, whether pursuant to this Agreement or otherwise, which are treated as Severance Payments shall be modified or reduced in the manner provided in (b) below to the extent necessary so that the benefits payable or to be

 
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provided to Executive under this Agreement that are treated as Severance Payments, as well as any payments or benefits provided outside of this Agreement that are so treated, shall not cause theCompany to have paid an Excess Severance Payment. In computing such amount, the parties shall take into account all provisions of Code Section 280G, and the regulations thereunder, including making appropriate adjustments to such calculationfor amounts established to be Reasonable Compensation. 

(b) In the event that the amount of any Severance Payments which wouldbe payable to or for the benefit of Executive under this Agreement must be modified or reduced to comply with this Section 3.5, Executive shall direct which Severance Payments are to be modified or reduced; provided, however, that no increasein the amount of any payment or change in the timing of the payment shall be made without the consent of the Company. 

(c)This Section 3.5 shall be interpreted so as to avoid the imposition of excise taxes on Executive under Section 4999 of the Code or the disallowance of a deduction to the Company pursuant to Section 280G(a) of the Code with respect toamounts payable under this Agreement or otherwise. Notwithstanding the foregoing, in no event will any of the provisions of this Section 3.5 create, without the consent of Executive, an obligation on the part of Executive to refund any amountto the Company following payment of such amount. 

(d) In addition to the limits otherwise provided in this Section 3.5,to the extent permitted by law, Executive may in his sole discretion elect to reduce any payments he may be eligible to receive under this Agreement to prevent the imposition of excise taxes on Executive under Section 4999 of the Code.

 
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(e) For purposes of this Section 3.5, the following definitions shall apply:

(i) “Excess Severance Payment” - The term “Excess Severance Payment” shall have the same meaningas the term “excess parachute payment” defined in Section 280G(b)(1) of the Code. 

(ii) “SeverancePayment” - The term “Severance Payment” shall have the same meaning as the term “parachute payment” defined in Section 280G(b)(2) of the Code. 

(iii) “Reasonable Compensation” - The term “Reasonable Compensation” shall have the same meaning as providedin Section 280G(b)(4) of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive as damages under or as a result of abreach of this Agreement shall be considered Reasonable Compensation. 

4. Confidentiality and Noncompetition.

(a) Executive acknowledges that, prior to and during the Term of this Agreement, the Company has furnished and will furnish toExecutive Confidential Information which could be used by Executive on behalf of a competitor of the Company to the Company’s substantial detriment. Moreover, the parties recognize that Executive during the course of his employment with theCompany may develop important relationships with customers and others having valuable business relationships with the Company. In view of the foregoing, Executive acknowledges and agrees that the restrictive covenants contained in this Section arereasonably necessary to protect the Company’s legitimate business interests and good will. 

 
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(b) Executive agrees that he shall protect the Company’s Confidential Information andshall not disclose to any Person, or otherwise use, except in connection with his duties performed in accordance with this Agreement, any Confidential Information at any time, including following the termination of his employment with the Companyfor any reason; provided, however, that Executive may make disclosures required by a valid order or subpoena issued by a court or administrative agency of competent jurisdiction, in which event Executive will promptly notify the Company of suchorder or subpoena to provide the Company an opportunity to protect its interests. Executive’s obligations under this Section 4(b) shall survive any expiration or termination of this Agreement for any reason, provided that Executive mayafter such expiration or termination disclose Confidential Information with the prior written consent of the Board. 

(c) Uponthe termination or expiration of his employment hereunder, Executive agrees to deliver promptly to the Company all Company files, customer lists, management reports, memoranda, research, Company forms, financial data and reports and other documentssupplied to or created by him in connection with his employment hereunder (including all copies of the foregoing) in his possession or control, and all of the Company’s equipment and other materials in his possession or control.Executive’s obligations under this Section 4(c) shall survive any expiration or termination of this Agreement. 

(d)Upon the termination or expiration of his employment under this Agreement, Executive agrees that for a period of one (1) year from his Date of Termination or until the end of the period for which he is entitled to receive compensation underSection 3.1 above, whichever is longer, he shall not (i) be employed by or provide services to any company 

 
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or business engaged in the design, manufacture, marketing or sale of any products similar to those produced or offered by the Company or its affiliates in the area of North America, provided thatthis noncompetition restriction shall in no event extend longer than two years from Executive’s Date of Termination, (ii) divert or attempt to divert any person, concern or entity which is furnished products or services by the Company fromdoing business with the Company or otherwise change its relationship with the Company, or (iii) solicit, lure or attempt to hire away any of the employees of the Company with whom the Executive interacted directly or indirectly while employedwith the Company. 

(e) Executive acknowledges that if he breaches or threatens to breach this Section 4, his actions maycause irreparable harm and damage to the Company which could not be compensated in damages. Accordingly, if Executive breaches or threatens to breach this Section 4, the Company shall be entitled to seek injunctive relief, in addition to anyother rights or remedies of the Company. The existence of any claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company ofExecutive’s agreement under this Section 4(e). 

5. Definitions. For purposes of this Agreement the followingterms shall have the meanings specified below: 

5.1 “Board” or “Board of Directors”. The Board ofDirectors of Blount International, Inc. 

5.2 “Cause”. The involuntary termination of Executive by the Companyfor the following reasons shall constitute a termination for Cause: 

 
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(a) If the termination shall have been the result of an act or acts by Executive which havebeen found in an applicable court of law to constitute a felony; 

(b) If the termination shall have been the result of an actor acts by Executive which are in the good faith judgment of the Chief Executive Officer (or his designee) to be in violation of law or of policies of the Company and which result in material damage to the Company; 

(c) If the termination shall have been the result of an act or acts of proven dishonesty by Executive resulting or intended to resultdirectly or indirectly in significant gain or personal enrichment to the Executive at the expense of the Company; or 

(d) Uponthe willful and continued failure by the Executive substantially to perform his duties with the Company (other than any such failure resulting from incapacity due to mental or physical illness not constituting a Disability, as defined herein), aftera demand in writing for substantial performance is delivered by the Chief Executive Officer (or his designee), which demand specifically identifies the manner in which the Chief Executive Officer (or his designee) believes that Executive has notsubstantially performed his duties. 

With respect to clauses (b), (c) or (d) above of this Section, Executive shallnot be deemed to have been involuntarily terminated for Cause unless and until a notice is delivered to Executive by the Chief Executive Officer (or his designee) setting forth (i) the conduct deemed to qualify as Cause, (ii) reasonableaction that would remedy such objectionable conduct, and (iii) a reasonable time (not less than thirty days) within which Executive may take such remedial action, and Executive shall not have taken such specified remedial action within suchspecified reasonable time. For purposes of this Agreement, no act or failure to act by Executive shall be deemed to be “willful” unless done or omitted to be done by Executive not in good faith and without reasonable belief thatExecutive’s action or omission was in the best interests of the Company. 

 
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5.3 “Change in Control”. For purposes of this Agreement, Change in Controlshall mean (a) the acquisition, directly or indirectly, by any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, as amended), of securities of Blount International, Inc. representing an aggregate of morethan 50% of the combined voting power of Blount International, Inc.’s then outstanding securities (excluding acquisitions by persons who acquire such amount through inheritance); (b) during any period of two consecutive years, individualswho at the beginning of such period constitute the Board, cease for any reason to constitute at least a majority thereof, unless the election of each new director was approved in advance by a vote of at least a majority of the directors then stillin office who were directors at the beginning of the period; (c) consummation of (i) a merger, consolidation or other business combination of Blount International, Inc. with any other “person” (as such term is used in Sections13(d) and 14(d) of Exchange Act) or affiliate thereof, other than a merger, consolidation or business combination which would result in the outstanding common stock of Blount International, Inc. immediately prior thereto continuing to represent(either by remaining outstanding or by being converted into common stock of the surviving entity or a parent or affiliate thereof) more than 50% of the outstanding common stock of Blount International, Inc. or such surviving entity or parent oraffiliate thereof, outstanding immediately after such merger, consolidation or business combination, or (ii) a plan of complete liquidation of Blount International, Inc. or an agreement for the sale or disposition by Blount International, Inc.of all or substantially all of Blount International, Inc.’s assets; or (d) a sale of more than 50% of the assets of Blount International, Inc. 

 
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5.4 “Code”. The Internal Revenue Code of 1986, as it may be amended fromtime to time. 

5.5 “Confidential Information”. All technical, business, and other information relating to thebusiness of the Company or its subsidiaries or affiliates, including, without limitation, technical or nontechnical data, formulae, compilations, programs, devices, methods, techniques, processes, financial data, financial plans, product plans, andlists of actual or potential customers or suppliers, which (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other Persons, and (ii) is the subjectof efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality. Such information and compilations of information shall be contractually subject to protection under this Agreement whether or not such informationconstitutes a trade secret and is separately protectable at law or in equity as a trade secret. Confidential Information does not include confidential business information which does not constitute a trade secret under applicable law two years afterany expiration or termination of this Agreement. 

5.6 “Disability” or “Disabled”.Executive’s inability as a result of physical or mental incapacity to substantially perform Executive’s duties for the Company on a full-time basis for a period of six (6) consecutive months. 

5.7 “Person”. Any individual, corporation, bank, partnership, joint venture, association, joint-stock company, trust,unincorporated organization or other entity. 

 
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5.8 “Present Value”. The term “Present Value” on any particulardate shall have the same meaning as provided in Section 280G(d)(4) of the Code. 

6. Termination Procedures. Duringthe Term of this Agreement, any purported termination of Executive’s employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance withSection 10. A Notice of Termination for Cause is required to include the information set forth in Section 5.2. “Date of Termination,” with respect to any purported termination of Executive’s employment during the Term ofthis Agreement, shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s employment is terminated for Disability, thirty (30) days after Notice of Termination is given(provided that Executive shall not have returned to the full-time performance of Executive’s duties during such thirty (30) day period), and (iii) if Executive’s employment is terminated for any other reason, the date specifiedin the Notice of Termination (which, in the case of a termination by the Company, shall not be less than thirty (30) days, except in the case of a termination for Cause; and in the case of a termination by the Executive, shall not be less thanthirty (30) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). 

7. Contract Non-Assignable. The parties acknowledge that this Agreement has been entered into due to, among other things, thespecial skills of Executive, and agree that this Agreement may not be assigned or transferred by Executive, in whole or in part, without the prior written consent of the Company. 

 
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8. Successors; Binding Agreement. 

8.1 In addition to any obligations imposed by law upon any successor to, or transferor of, the Company, the Company will require anysuccessor to, or transferor of, all or substantially all of the business and/or assets of the Company or stock of the Company (whether direct or indirect, by purchase, merger, reorganization, liquidation, consolidation or otherwise) to expresslyassume and agree to perform this Agreement, in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

8.2 This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legateesand by the Company’s successors and assigns. If Executive shall die while any amount would still be payable to Executive hereunder (other than amounts which, by their terms, terminate upon the death of Executive) if Executive had continued tolive, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of Executive’s estate. 

9. Other Agents. Nothing in this Agreement is to be interpreted as limiting the Company from employing other personnel on suchterms and conditions as may be satisfactory to the Company. 

10. Notices. All notices, requests, demands and othercommunications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or seven days after mailing if mailed, first class, certified mail, postage prepaid: 

 

To the Company:
 
Blount International, Inc.
 
P.O. Box 22127
 
Portland, Oregon 97269-2127
 
ATTN: Chief Executive Officer

 

 
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With a copy to: General Counsel
 
Blount International, Inc.
 
P.O. Box 22127
 
Portland, Oregon 97269-2127

To the Executive:
 
James Lee VanderZanden
 
[Address Removed]

Anyparty may change the address to which notices, requests, demands and other communications shall be delivered or mailed by giving notice thereof to the other party in the same manner provided herein. 

11. Provisions Severable. If any provision or covenant, or any part thereof, of this Agreement should be held by any court to beinvalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part thereof, of thisAgreement, all of which shall remain in full force and effect. 

12. Waiver. Failure of either party to insist, in oneor more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or the future performance of any such term orcondition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by the party making the waiver. 

13. Indemnification. During the Term of this Agreement and after Executive’s termination, the Company shall indemnify Executive and hold Executive harmless from and against any claim, loss orcause of action arising from or out of Executive’s performance as an officer, director or employee of the Company or any of its subsidiaries or other affiliates or in 

 
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any other capacity, including any fiduciary capacity, in which Executive serves at the Company’s request, in each case to the maximum extent permitted by law and under the Company’sArticles of Incorporation and By-Laws (the “Governing Documents”), provided that in no event shall the protection afforded to Executive hereunder be less than that afforded under the Governing Documents as in effect on the date of thisAgreement except for changes mandated by law. During the Term and after Executive’s termination, Executive shall be covered in accordance with the terms of any policy of directors and officers liability insurance maintained by the Company forthe benefit of its officers and directors. 

14. Amendments and Modifications. This Agreement may be amended or modifiedonly by a writing signed by both parties hereto. 

15. Governing Law. The validity and effect of this Agreement shall begoverned by and construed and enforced in accordance with the laws of the State of Delaware. 

16. Arbitration of Disputes;Expenses. All claims by Executive for compensation and benefits under this Agreement shall be directed to and determined by the Board and shall be in writing. Any denial by the Board of a claim for benefits under this Agreement shall bedelivered to Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board shall afford a reasonable opportunity to Executive for a review of a decision denying aclaim and shall further allow Executive to appeal to the Board a decision of the Board within sixty (60) days after notification by the Board that Executive’s claim has been denied. Unless prohibited by applicable law, any further disputeor controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in a location selected at the discretion of the Company (which shall not be 

 
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unreasonable, taking into account the business location at which Executive is employed), and shall proceed in accordance with the employment arbitration rules of the American ArbitrationAssociation then in effect. To the extent administratively practical, the Company and Executive agree to select an arbitrator who is an attorney with experience in employment law disputes. Judgment may be entered on the arbitrator’s award inany court having jurisdiction. In the event the Executive incurs legal fees and other expenses in seeking to obtain or to enforce any rights or benefits provided by this Agreement and is successful, in whole or in part, in obtaining or enforcing anymaterial rights or benefits through settlement, arbitration or otherwise, the Company shall promptly pay a portion, which reflects the extent to which Executive has been successful in enforcing such material rights or benefits, of Executive’sreasonable legal fees and expenses incurred in enforcing this Agreement and the fees of the arbitrator. Except to the extent provided in the preceding sentence, each party shall pay its own legal fees and other expenses associated with any dispute.Notwithstanding the other provisions of this Section 16, any legal fees and expenses payable to Executive pursuant to this Section 16 shall be paid no later than the end of the calendar year following the calendar year in which the feesand expenses are incurred. 

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IN WITNESS WHEREOF, the parties have executed this Amended and Restated Employment Agreementas of the day and year first above written. 

 
EXECUTIVE:/s/ James L. VanderzandenJAMES LEE VANDERZANDENCOMPANY:BLOUNT INTERNATIONAL, INC.By: 
/s/ Richard H. Irving, III
 Name: RICHARD H. IRVING, III Title: Senior Vice President
 
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