Document:

<PAGE>

                                                                   EXHIBIT 10.16

                  FIRST AMENDMENT TO REVOLVING LOAN AGREEMENT
                                    BETWEEN
          MMAC COMMUNICATIONS CORP. AND KELTIC FINANCIAL PARTNERS, LP
                          DATED AS OF OCTOBER 11, 2002

                  This is a First Amendment to the Revolving Loan Agreement,
dated as of October 11, 2002, which is made as of the 10th day of October, 2003,
(this "Amendment"), between DELTA COMPUTEC INC. (formerly known as MMAC
Communications Corp.) ("Borrower"), a Delaware corporation, having an address at
900 Huyler Street, Teterboro, New Jersey 07608, and KELTIC FINANCIAL PARTNERS,
LP ("Lender"), a Delaware limited partnership, with a place of business at 555
Theodore Fremd Avenue, Suite C-207, Rye, New York 10580.

                                   WITNESSETH

                  WHEREAS, Borrower and Lender are engaged in a continuing
commercial lending relationship pursuant to that certain Revolving Loan
Agreement, dated as of October 11, 2002 (the "Loan Agreement"), and other
related documents, whereby Lender agreed to advance certain sums to Borrower and
Borrower agreed to repay same under the terms and conditions therein set forth;
and

                  WHEREAS, MMAC Communications Corp. changed its name from MMAC
Communications Corp. to Delta Computec Inc., as evidenced by that certain
Certificate of Amendment to Certificate of Incorporation of MMAC Communications
Corp. with the Secretary of State of the State of Delaware on October 15, 2002;
and

                  WHEREAS, the Borrower has requested that the Lender extend the
Termination Date and amend certain provisions in the Loan Agreement; and

                  WHEREAS, the Lender is willing to effect such amendment, upon
the condition that the Loan Agreement shall be otherwise amended as provided
herein and subject to certain other terms and conditions herein contained; and

                  WHEREAS, the parties wish to memorialize the terms of their
agreements by this writing.

                  NOW, THEREFORE, for and in consideration of the mutual
covenants and agreements herein contained, and for other good and valuable
consideration, it is agreed as follows:

1.       AMENDMENTS TO ARTICLE 1, DEFINITIONS.

         (a) Section 1 of the Loan Agreement, entitled "Definitions", is hereby
amended by deleting Section 1.32 ("Loan Interest Rate") and replacing same with
the following:

<PAGE>

                  "LOAN INTEREST RATE" shall mean, at the option of Lender, the
greater of (a) the prime rate published in the "Money Rates" column of The Wall
Street Journal from time to time or, in the event that The Wall Street Journal
is not available at any time, such rate published in another nationally
recognized publication as determined by Lender, plus two hundred fifty (250)
basis points per annum or, (b) six and one-half percent (6.50%).

         (b) Section 1 of the Loan Agreement, entitled "Definitions" is hereby
amended by deleting Section 1.51 ("Termination Date") and replacing same with
the following:

                  "TERMINATION DATE" shall mean the earlier of October 11, 2004,
or the date on which the Lender terminates this Agreement pursuant to Section 12
hereof.

2.       AMENDMENTS TO ARTICLE 3, LENDER'S COMPENSATION.

         (a) Section 3.6 ("Liquidated Damages") is hereby deleted in its
entirety and replaced with the following:

                  3.6 LIQUIDATED DAMAGES. If Borrower prepays all or any portion
of the principal of the Revolving Loan (other than from time to time for working
capital or other payments required hereunder), Borrower shall pay to Lender at
the time of such prepayment, liquidated damages in an amount equal to (a) three
percent (3.00%) of the Maximum Facility if the Borrower elects to terminate the
availability of Revolving Loans as hereinafter provided and the prepayment is
made prior to October 11, 2004 or (b) three percent (3.00%) of the amount of any
partial prepayment made prior to October 11, 2004. Borrower shall give Lender at
least ninety (90) days' advance written notice (the "Termination Notice") of
Borrower's election to terminate the availability of Revolving Loans hereunder
prior to the Termination Date. The Termination Notice shall be irrevocable and
shall specify the effective date of such termination, which respective date
shall be not less than ninety (90) days after the giving of the notice of the
Termination Notice and shall be in no event later than the Termination Date.

3.       AMENDMENTS TO ARTICLE 9, NEGATIVE COVENANTS.

         Section 9.22 "EBITDA" is hereby deleted in its entirety and replaced
with the following:

         9.22 EBITDA Permit Borrower's EBITDA to be less than the following
during the time periods set forth below.

<TABLE>
<CAPTION>

AMOUNT                                TIME PERIOD
------                                -----------
<S>                                 <C>
$150,000.00                           For each of the fiscal quarters ended
                                      September 30, 2003, December 31, 2003
                                      and March 31, 2004

$200,000.00                           For each of the fiscal quarters ended June 30,
                                      2004 and September 30, 2004.

</TABLE>

                                       2
<PAGE>

4.       MISCELLANEOUS.

         (a) The amendments to the Loan Agreement provided for in Sections 1
through 3 of this Amendment shall become effective on the date of this
Amendment.

         (b) Any and all references to the Loan Agreement in any other Loan
Document shall be deemed to refer to the Loan Agreement as amended by this
Amendment. This Amendment is deemed incorporated into each of the other Loan
Documents. Any initially capitalized terms used in this Amendment without
definition shall have the meanings assigned to those terms in the Loan
Agreement. To the extent that any term or provision of this Amendment is or may
be inconsistent with any term or provision in any Loan Document, the terms and
provisions of this Amendment shall control.

         (c) Borrower hereby certifies that: (a) all of its representations and
warranties in the Loan Agreement, as amended hereby, are, except as may
otherwise be stated in this Amendment: (i) true and correct as of the date of
this Amendment, (ii) ratified and confirmed without condition as if made anew,
and (iii) incorporated into this Amendment by reference; (b) after giving effect
to this Amendment, no Default or Event of Default exists; (c) no consent,
approval, order or authorization of, or registration or filing with, any third
party is required in connection with the execution, delivery and carrying out of
this Amendment or, if required, has been obtained, (d) no sums are due and owing
to Lender under the Loan Agreement as of the effective date of this Amendment;
and (e) this Amendment has been duly authorized, executed and delivered so that
it constitutes the legal, valid and binding obligation of Borrower, enforceable
in accordance with its terms. Borrower confirms that the Obligations remain
outstanding without defense, set off, counterclaim, discount or charge of any
kind as of the date of this Amendment.

         (d) Borrower hereby confirms that all Collateral for the Obligations
and all liens, security interests, mortgages, and pledges granted by Borrower or
third parties (if applicable) pursuant to the Loan Documents, shall continue
unimpaired and in full force and effect, and shall cover and secure all of
Borrower's existing and future Obligations to Lender, as modified by this
Amendment.

         (e) This Amendment may be signed in any number of counterpart copies
and by the parties to this Amendment on separate counterparts, but all such
copies shall constitute one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile transmission
shall be effective as delivery of a manually executed counterpart. Any party so
executing this Amendment by facsimile transmission shall promptly deliver a
manually executed counterpart, provided that any failure to do so shall not
affect the validity of the counterpart executed by facsimile transmission.

         (f) This Amendment will be binding upon and inure to the benefit of
Borrower and Lender and their respective successors and assigns.

         (g) This Amendment has been delivered to and accepted by Lender and
will be deemed to be made in the State of New York. This Amendment will be
interpreted and the

                                       3
<PAGE>

rights and liabilities of the parties hereto determined in accordance with the
laws of the State of New York, excluding its conflict of laws rules.

         (h) Borrower hereby acknowledges its continuing obligation to deliver
to Lender tax clearance certificates from all applicable jurisdictions as set
forth in the Loan Documents. Borrower shall use commercially reasonable efforts
in order to secure same.

         (i) Except as amended hereby, all of the terms and provisions of the
Loan Agreement remain unchanged, are and shall remain in full force and effect
unless and until modified or amended in writing in accordance with their terms,
and are hereby ratified and confirmed. Except as expressly provided herein, this
Amendment shall not constitute an amendment, waiver, consent or release with
respect to any provision of the Loan Agreement or any other Loan Document, a
waiver of any Default or Event of Default, or a waiver or release of any of
Lender's rights and remedies (all of which are hereby reserved). BORROWER
EXPRESSLY RATIFIES AND CONFIRMS THE WAIVER OF JURY TRIAL PROVISIONS CONTAINED IN
THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS.

5.       CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT.

         Lender's willingness to agree to the waiver and the amendments set
forth in this Amendment are subject to the prior satisfaction of the following
conditions:

         (a) Borrower and each guarantor shall execute and deliver this
Amendment, incumbency certificates, authorizing resolutions, all other documents
or information required and requested by Lender, in such form and substance as
is satisfactory to Lender.

6.       FEES AND EXPENSES.

         (a) Borrower shall reimburse Lender for all fees and costs associated
with the negotiation, documenting and closing of this Amendment and all
documentation related to this Amendment, including, without limitation, the
reasonable fees and out-of-pocket costs of counsel for Lender. Lender may charge
all such fees and costs by a charge to Borrower's loan account with Lender.
Borrower hereby consents to such charge.

         (b) Borrower shall pay to Lender an extension fee (the "Extension Fee")
in the amount of Seven Thousand Five Hundred Dollars ($7,500.00). The Extension
Fee is deemed earned in full on the date that this Amendment is executed by
Borrower and shall be paid on or before the execution of this Amendment.

                      [END OF TEXT; SIGNATURE PAGE FOLLOWS]

                                       4
<PAGE>

                  IN WITNESS WHEREOF, the undersigned have set their hands and
seals or caused these presents to be executed by their proper authorized
representative as of the day and year first above written.

                                             DELTA COMPUTEC INC.
                                             (formerly known as MMAC
                                             Communications Corp.)

                                             By:__________________________

                                             Name:________________________

                                             Title:_______________________

                                             KELTIC FINANCIAL PARTNERS, LP
                                             By: KELTIC FINANCIAL SERVICES, LLC,
                                             its General Partner

                                             By:___________________________
                                             Name: John P. Reilly
                                             Title: Managing Partner

                                       5
<PAGE>

                              CONSENT OF GUARANTORS

         Each of the undersigned guarantors (the "Guarantors") consents to the
provisions of the foregoing First Amendment to the Revolving Loan Agreement
dated as of October 11, 2002 (the "Amendment") and all prior amendments (if any)
and confirms and agrees that, with respect to each of the Guaranty Documents (as
hereinafter defined) to which they are a party: (a) the Guarantors' obligations
under the Guaranty Documents shall be unimpaired by the Amendment; (b) the
Guarantors have no defenses, set offs, counterclaims, discounts or charges
against the Lender, its officers, directors, employees, agents or attorneys with
respect to the Guaranty Documents; and (c) all the terms, conditions and
covenants in the Guaranty Documents remain unaltered and in full force and
effect and are hereby ratified and confirmed and apply to the Obligations, as
modified by the Amendment. The Guarantors certify that all representations and
warranties made in the Guaranty Document are true and correct.

         For purposes of this Consent, the term "Guaranty Documents" shall mean:
(i) that certain Validity and Support Agreement by John DeVito, (ii) that
certain Validity and Support Agreement by Alex Roque; (iii) that certain
Guaranty of Payment and Performance by ViewCast.com, Inc., and (iv) that certain
Subordination Agreement by and among Lender and ViewCast.com, Inc., each dated
as of October 11, 2002, as same may be amended, restated or supplemented.

         The Guarantors hereby confirm that any Collateral for the Obligations,
including liens, security interests, mortgages and pledges granted by the
Guarantors or third parties (if applicable) shall continue unimpaired and in
full force and effect and shall cover and secure all of the Guarantors' existing
and future Obligations to the Lender, as modified by this Amendment.

         The Guarantors ratify and confirm the indemnification and waiver of
jury trial provisions contained in the Guaranty Documents.

         WITNESS, the due execution of this Consent as a document under seal as
of the date of this Amendment, intending to be legally bound hereby.

                                                ________________________________
                                                John DeVito

                                                ________________________________
                                                Alex Roque

                                                VIEWCAST.COM, INC.

                                                ________________________________

                                                Name:___________________________

                                                Title:__________________________

                                       6<PAGE>
                                                                    EXHIBIT 10.1

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

         This Agreement (this "Agreement") is made and entered into as of the
15th day of September, 2003 by and among International Wire Holding Company, a
Delaware corporation ("Holding"), International Wire Group, Inc., a Delaware
corporation ("Group"), Omega Wire, Inc., a New York corporation ("Wire"), Wire
Technologies, Inc., an Indiana corporation ("WTI"), IWG-Philippines, Inc, a
Philippines legal entity ("Philippines"), IWG Services Co., S de RL de CV, a
Mexican legal entity ("Services"), IWG Durango, S de RL de CV, a Mexican legal
entity ("Durango"), International Wire Rome Operations, Inc., a Delaware
corporation ("Rome"), Italtrecce-Societa Italiana Trecce Affini S.r.l., an
Italian legal entity ("Italtrecce"), International Wire SAS, a French legal
entity ("SAS"), Tresse Metallique J. Forissier, S.A., a French legal entity
("Forissier"), Cablerie E. Charbonnet, S.A., a French legal entity
("Charbonnet"), and OWI Corporation, a New York corporation ("OWI" and, together
with Holding, Group, Wire, WTI, Philippines, Services, Durango, Rome,
Italtrecce, SAS, Forissier and Charbonnet, the "Employer"), and Joseph M.
Fiamingo ("Employee").

                                   WITNESSETH:

         WHEREAS, Employee and Group entered into an Employment Agreement as of
November 13, 1999;

         WHEREAS, as of the date hereof, the Employee's position with Employer
has changed;

         WHEREAS, Employer desires to retain the services of Employee upon the
terms set forth herein;

         WHEREAS, Employee desires to be employed by Employer, to appropriately
memorialize the terms and conditions of such employment.

         NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree as follows:

         1. BASIC EMPLOYMENT PROVISIONS.

         (a) Employment and Term. Employer hereby agrees to employ Employee
(hereinafter referred to as the "Employment") as Chief Executive Officer of
Employer (the "Position") and Employee agrees to be employed by Employer in such
Position for a period of three (3) years ending on the 15th day of September,
2006 (the "Termination Date"), unless terminated earlier as provided herein (the
"Employment Period"). In the event that termination (as hereinafter provided)
has not occurred prior to the last day of the Employment Period, unless either
party shall have given written notice to the contrary at least thirty (30) days
prior to the end of the Employment Period or any extension thereof, the
Employment Period shall annually renew for a successive one (1) year period
until terminated.

<PAGE>

         (b) Duties. Employee in the Position shall be subject to the direction
and supervision of the Board of Directors of Holding (the "Board") and shall
have those duties and responsibilities which are assigned to him during the
Employment Period by the Board consistent with the Position, provided that the
Board shall not assign any greater duties or responsibilities to the Employee
than are necessary for the Employee's faithful and adequate performance of the
duties and responsibilities assigned. The parties expressly acknowledge that the
Employee shall devote all of Employee's business time and attention to the
transaction of the Employer's businesses as is reasonably necessary to discharge
Employee's responsibilities hereunder. Employee agrees to perform faithfully the
duties assigned to the best of Employee's ability.

         2. COMPENSATION.

         (a) Salary. During the Employment Period, Employer shall pay to
Employee a salary as basic compensation for the services to be rendered by
Employee hereunder. The initial amount of such basic compensation shall be Four
Hundred Twenty Five Thousand Dollars ($425,000) per year. Such salary shall be
reviewed from time to time by the Board and may be increased in the Board's sole
discretion. Such salary shall accrue and be payable in accordance with the
payroll practices of Employer in effect from time to time. All such payments
shall be subject to deductions and withholdings authorized or required by
applicable law.

         (b) Bonus. During the Employment Period, Employee shall be eligible to
receive an annual bonus (payable by the Employer) in an amount to be determined
by the Board, in the Board's sole discretion, of up to sixty-five percent (65%)
of Employee's annual basic compensation as set forth above.

         (c) Benefits. During the Employment Period, Employee shall be entitled
to such other benefits as are determined by the Board, including without
limitation, group life, hospitalization and other insurance, paid vacations,
executive medical supplement, annual executive physical, reimbursement for tax
preparation costs and executive lunches.

         (d) Auto Allowance. Employer shall pay Employee an allowance to own and
maintain an automobile in an amount sufficient so that, after the effect of
federal and state income taxes, Employee shall net One Thousand Five Hundred
Dollars ($1,500) per month.

         (e) Country Club & Dining Club Membership. Employer shall reimburse
Employee for the initiation fee and monthly dues expense for Employee to belong
to a country club in the St. Louis, Missouri area reasonably acceptable to
Employer and for the initiation fee and monthly dues expense for the Saint Louis
Club, but not for any charges made by Employee at either club, unless such
qualify as reimbursable business entertainment expenses.

         3. TERMINATION.

         (a) Death or Disability. This Agreement shall terminate automatically
upon the death or total disability of Employee. For the purpose of this
Agreement, "total disability" shall be deemed to

<PAGE>

have occurred if Employee shall have been unable to perform the assigned duties
due to mental or physical incapacity for a period of six (6) consecutive months
or for any one hundred twenty (120) working days out of a twelve (12) month
consecutive period.

         (b) Cause. Employer may terminate the employment of Employee under this
Agreement for Cause. For the purpose of this Agreement, "Cause" shall be deemed
to be fraud, dishonesty, competition with Employer, or unauthorized use of any
of Employer's trade secrets or confidential information.

         (c) Without Cause. Employer may terminate the employment of Employee
under this Agreement without Cause, subject to the continuing rights of Employee
pursuant to Section 4(c) below. Employee may terminate employment with Employer
under this Agreement upon a Change of Control (as defined in the Amended and
Restated Credit Agreement dated February 12, 1997 by and among Holding, Group,
Chase Manhattan Bank, as agent, and the Lenders parties thereto), subject to the
continuing rights of Employee pursuant to Section 4(c) below.

         4. COMPENSATION UPON TERMINATION.

         (a) Death or Disability. If the Employment Period is terminated
pursuant to the provisions of Section 3(a) above, this Agreement shall terminate
and no further compensation shall be payable to Employee, except that Employee
or Employee's estate, heirs or beneficiaries, as applicable, shall be entitled,
in addition to any other benefits specifically provided to them or Employee
under any benefit plan, to receive Employee's then current salary for a period
of twelve (12) months from the date the Employment Period terminates.

         (b) Termination for Cause or Voluntary Termination by Employee. If the
employment of Employee under this Agreement is terminated for Cause pursuant to
the provisions of Section 3(b) above or if Employee voluntarily terminates
Employee's employment, no further compensation shall be paid to Employee after
the date of termination.

         (c) Termination Without Cause. If the Employment of Employee under this
Agreement is terminated pursuant to Section 3(c) above, Employee shall be
entitled to continue to receive from Employer the then current basic
compensation hereunder (which shall not be less than the amount specified in
Section 2(a) above and an amount equal to Employee's full bonus opportunity as
provided in Section 2(b) above) for the longer of the period up to the
Termination Date or eighteen (18) months, such amounts (bonus to be prorated) to
be paid in accordance with the payroll practices of Employer, and shall further
be entitled to continue to receive during such period the benefits to which
Employee would otherwise be entitled pursuant to Sections 2(c), 2(d) and 2(e)
above, but no other benefits.

         5. EXPENSE REIMBURSEMENT. Upon submission of properly documented
expense account reports, Employer shall reimburse Employee for all reasonable
travel and entertainment expenses incurred by Employee in the course of his
employment with Employer.

                                      -3-
<PAGE>

         6. ASSIGNMENT. This Agreement and all of the provisions hereof shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns, but neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned by any of the
parties hereto, except that this Agreement and all of the provisions hereof may
be assigned by Employer to any successor to all or substantially all of its
assets (by merger or otherwise) and may otherwise be assigned upon the prior
written consent of Employee.

         7. CONFIDENTIAL INFORMATION.

         (a) Non-Disclosure. During the Employment Period or at any time
thereafter, irrespective of the time, manner or cause of the termination of
employment, Employee will not directly or indirectly reveal, divulge, disclose
or communicate to any person or entity, other than authorized officers,
directors and employees of the Employer, in any manner whatsoever, any
Confidential Information (as hereinafter defined) of Employer without the prior
written consent of the Board.

         (b) Definition. As used herein, "Confidential Information" means
information disclosed to or known by Employee as a direct or indirect
consequence of or through the Employment about Employer or its respective
businesses, products and practices, which information is not generally known in
the business in which Employer is or may be engaged. However, Confidential
Information shall not include under any circumstances any information with
respect to the foregoing matters which is (i) available to the public from a
source other than Employee, (ii) released in writing by Employer to the public
or to persons who are not under a similar obligation of confidentiality to
Employer and who are not parties to this Agreement, (iii) obtained by Employee
from a third party not under a similar obligation of confidentiality to
Employer, (iv) required to be disclosed by any court process or any government
or agency or department of any government, or (v) the subject of a written
waiver executed by Employer for the benefit of Employee.

         (c) Return of Property. Upon termination of the Employment, Employee
will surrender to Employer all Confidential Information, including without
limitation, all lists, charts, schedules, reports, financial statements, books
and records of the Employer, and all copies thereof, and all other property
belonging to the Employer shall be accorded reasonable access to such
Confidential Information subsequent to the Employment Period for any proper
purpose as determined in the reasonable judgment of Employer.

         8. AGREEMENT NOT TO COMPETE.

         (a) Employee agrees:

                  (i) To give the Company thirty (30) days' written advance
         notice of voluntary termination of employment with the Company. Such
         notice shall include Employee's future employment or self-employment
         intentions, identification of the prospective employer and the general
         nature of the prospective employment or self-employment, if known.

                                      -4-
<PAGE>

                  (ii) To participate in an exit interview conducted by a member
         of the personnel department of the Company and/or by a representative
         of the Company, at the time of or prior to the termination of
         Employment with the Company.

                  (iii) That for two (2) years following the termination of the
         Employment, Employee shall promptly notify the Company of any change in
         the identification of Employee's employer or the nature of such
         employment or of self-employment.

                  (iv) Subject to the conditions hereinafter stated, Employee
         will not, within two (2) years after leaving the employ of the Company,
         engage or enter into employment by, or into self-employment or gainful
         occupations as, a Competing Business or act directly or indirectly as
         an advisor, consultant, sales agent or broker for a Competing Business.
         As used herein, "Competing Business" means a business which is engaged
         in the manufacture, sale or other disposition of a product or service
         or has under development a product or service which is in competition
         with a product or service, whether existing or under development, of
         the Company. Employee acknowledges that the Company does not have an
         adequate remedy at law in the event Employee violates this provision
         and, therefore, Employee agrees that, in such an event, the Company
         shall be entitled to equitable relief, including but not limited to,
         injunctive relieve and to withhold all payments due to Employee
         hereunder pending a judicial determination of whether Employee has
         violated this Agreement.

                  (v) The terms of 8(a)(i) - 8(a)(iv) shall not apply if the
         termination is pursuant to Section 3(c).

         (b) The Company agrees:

                  (i) That within fifteen (15) business days after receiving
         identification of the prospective employer, the nature of the
         employment or self-employment pursuant to Paragraph 8(a)(i) above, or
         any change therein pursuant to Paragraph 8(a)(iii) above, the Company
         will advise Employee as to whether such employment constitutes a
         Competing Business as defined in Paragraph 8(a)(iv) above.

                  (ii) In the event the Company advises Employee that such
         employment constitutes a Competing Business and that the Company is
         electing to enforce the provision of Paragraph 8(a)(iv), to forward a
         check in the amount equal to one-half (1/2) of the monthly salary of
         Employee (exclusive of extra compensation of any kind) as of the
         termination date of Employee's employment. If notice is received
         pursuant to Paragraph 8(b) and the Company advises Employee that such
         employment constitutes a Competing Business, the aforementioned monthly
         checks shall be forwarded for the remaining number of the aforesaid
         twenty-four (24) successive calendar months. Provided, however, that
         all payments due under this Paragraph 8(b)(ii) shall not be required
         during any periods that Employee is receiving payments under Section
         4(a) or providing services to a Competing Business.

                                      -5-
<PAGE>

         9. WAIVER OF AGREEMENT NOT TO COMPETE. The Employer, based on the facts
revealed to it by the Employee regarding the new employment and in its
discretion upon written notification to Employee, may at any time waive or elect
not to enforce the provisions of Paragraph 8(a)(iv), in which event the
obligations of Paragraph 8(b)(ii) above shall thereafter not apply and Employee
may be engaged by or enter into the employment of the identified Competing
Business, but only such identified Competing Business.

         10. AGREEMENT NOT TO SOLICIT EMPLOYEES. Employee agrees that, for a
period of two (2) years following the termination of the Employment Period
(other than a termination pursuant to Section 4(c)), Employee shall not, on
behalf of any business, solicit or induce, or in any manner attempt to solicit
or induce, either directly or indirectly, any person employed by, or any agent
of, the Company to terminate such employment or agency as the case may be with
Employer. In the event of violation hereof, the Company may terminate any
payments due to Employee hereunder.

         11. NO VIOLATION. Employee hereby represents and warrants to Employer
that the execution, delivery and performance of this Agreement or the passage of
time, or both, will not conflict with, result in a default, right to accelerate
or loss of rights under any provision of any agreement or understanding to which
the Employee or, to the best knowledge of Employee, any of Employee's affiliates
are a party or by which Employee, or to the best knowledge of Employee,
Employee's affiliates may be bound or affected.

         12. CAPTIONS. The captions, headings and arrangements used in this
Agreement are for convenience only and do not in any way affect, limit or
amplify the provisions hereof.

         13. NOTICES. All notices required or permitted to be given hereunder
shall be in writing and shall be deemed delivered, whether or not actually
received, two days after being deposited in the United States mail, postage
prepaid, registered or certified mail, return receipt requested, addressed to
the party to whom notice is being given at the specified address or at such
other address as such party may designate by notice:

         Employer:   c/o International Wire Group, Inc.
                     101 South Hanley Road
                     St. Louis, Missouri 63105
                     Attn: General Counsel

         Employee:   Joseph M. Fiamingo
                     17724 Greystone Terrace
                     Chesterfield, Missouri 63005

         14. INVALID PROVISIONS. If any provision of this Agreement is held to
be illegal, invalid or unenforceable under present or future laws, such
provisions shall be fully severable, and this Agreement shall be construed and
enforced as if such illegal, invalid or unenforceable provision had never
comprised a part of this Agreement; the remaining provisions of this Agreement
shall remain in full force and effect and shall not be affected by the illegal,
invalid or unenforceable provision or by its severance of this Agreement. In
lieu of each such illegal, invalid or unenforceable provision,

                                      -6-
<PAGE>

there shall be added automatically as part of this Agreement a provision as
similar in terms to such illegal, invalid or unenforceable provision as may be
possible and be legal, valid and enforceable.

         15. ENTIRE AGREEMENT; AMENDMENTS. This Agreement contains the entire
agreement of the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings, if any, relating to the
subject matter hereof, including any prior agreements. The obligations of each
Employer is joint and several and Employee may enforce this Agreement against
any or all of the Employers. This Agreement may be amended, in whole or in part
only, by an instrument in writing setting forth the particulars of such
amendment and duly executed by an officer of each of the Employers expressly
authorized to do so and by Employee.

         16. WAIVER. No delay or omission by any party hereto to exercise any
right or power hereunder shall impair such right or power to be construed as a
waiver thereof. A waiver by any of the parties hereto of any of the covenants to
be performed by any other party or any breach thereof shall not be construed to
be a waiver of any succeeding breach thereof or of any other covenant herein
contained. Except as otherwise expressly set forth herein, all remedies provided
for in this Agreement shall be cumulative and in addition to and not in lieu of
any other remedies available to any party at law, in equity or otherwise.

         17. COUNTERPARTS. This Agreement may be executed in multiple
counterparts, each of which shall constitute an original, and all of which
together shall constitute one and the same agreement.

         18. GOVERNING LAW; JURISDICTION. This Agreement shall be construed and
enforced according to the laws of the state of Missouri. Each of the parties
hereby irrevocably and unconditionally: (a) submits for itself and its property
in any legal action or proceeding relating to this Agreement or for recognition
and enforcement of any judgment in respect thereof, to the exclusive general
jurisdiction of the courts of the State of Missouri, the courts of the United
States of America for the District of Missouri, and appellate courts from any
thereof; (b) consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of any such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; (c) agrees that service of process in any such action or proceeding
may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to the parties at
their respective addresses set forth in Section 13; and (d) agrees that nothing
herein shall affect the right to effect service of process in any other manner
permitted by law.

                                      -7-
<PAGE>

IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of this date first above written:

EMPLOYEE:

/s/ JOSEPH M. FIAMINGO
------------------------------------
Joseph M. Fiamingo

<Table>
<S>                                                  <C>
EMPLOYERS:

INTERNATIONAL WIRE HOLDING                           INTERNATIONAL WIRE GROUP, INC.
COMPANY

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------

OMEGA WIRE, INC.                                     WIRE TECHNOLOGIES, INC.

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------

IWG- PHILIPPINES, INC.                               IWG SERVICES CO.

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------

IWG DURANGO                                          INTERNATIONAL WIRE
                                                     ROME OPERATIONS, INC.

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------
</Table>

                                      -8-
<PAGE>

<Table>
<S>                                                  <C>
ITALTRECCE-SOCIETA ITALIANA                          INTERNATIONAL WIRE SAS
TRECCE AFFINI S.R.L.

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------

TRESSE METALLIQUE J. FORISSIER, S.A.                 CABLERIE E. CHARBONNET S.A.

By: /s/ DAVID J. WEBSTER                             By: /s/ DAVID J. WEBSTER
   -----------------------------------------            -----------------------------------------

OWI CORPORATION

By: /s/ DAVID J. WEBSTER
   -----------------------------------------
</Table>

                                      -9-

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