Document:

<PAGE>   1
                                                                    EXHIBIT 10.2

                        INCENTIVE STOCK OPTION AGREEMENT
                                    UNDER THE
          1996 MICROWAVE COMPONENTS ENTERPRISES, INC. STOCK OPTION PLAN

     This STOCK OPTION AGREEMENT (the "Agreement") is made as of this 10th day
of December, 1996 (the "Grant Date") by and between MICROWAVE COMPONENTS
ENTERPRISES, INC., a Michigan corporation ("the Company"), and JOHN L. SMUCKER
(the "Optionee").

     The Optionee is now employed by the Company or a subsidiary of the Company,
and the Company desires to provide additional incentive to the Optionee, to
encourage stock ownership by the Optionee, and to encourage the Optionee to
remain in the employ of the Company or a subsidiary and, as an inducement
thereto, the Company has determined to grant to the Optionee an incentive stock
option meeting the requirements of Section 422 of the Internal Revenue Code of
1986, as amended (the "Code"), pursuant to the Company's 1996 Stock Option Plan,
a copy of which is attached hereto (the "Plan"). Capitalized terms used and not
defined herein have the meanings ascribed to them in the Plan.

     NOW, THEREFORE, it is agreed between the parties as follows:

          1.   GRANT OF OPTION. Subject to the terms and conditions hereof, the
Company hereby grants to the Optionee the right and option to purchase from the
Company up to, but not exceeding in the aggregate, 11,047 shares of the
Company's Common Stock, at a price of $64.90 per share. This option is intended
to meet the requirements under Section 422 of Code.

          2.   ACCRUAL OR RIGHT TO EXERCISE OPTION.

               (a) The following sums were invested by certain of the
shareholders of the Company as equity investments in the Common Stock on the
dates reflected below in connection with the acquisition of the indicated
business operations:

<PAGE>   2

<TABLE>
                                                                Under-
                                                                lying
      Investment                          Amount       Shares           Date
      ----------                          ------       ------           ----
<S>                                     <C>            <C>            <C>
    Inmet Corporation                   $1,170,000     116,925        06/30/94

    Weinschel Corporation               $1,518,000      60,720        11/30/95

    KDI/Triangle Corporation            $  509,642       8,638        07/23/96
                                                       -------
    Subtotal                                           186,283
                                                       =======
</TABLE>

               (b) The option granted hereunder shall be exercisable immediately
and from time to time only if and to the extent that the underlying shares of
Common Stock related to each of the investments described in subsection (a)
above achieves a compound average annual return of 25% or higher, with such
return criteria to be averaged and dollar and time weighted (the "Return
Criteria"), as measured by either of the following:

                    (i) The actual realization of proceeds (monetary or
          otherwise) by the holders of such shares through the sale, exchange or
          other disposition of such shares (whether via a private sale, public
          offering, merger, share exchange, etc.), provided that, if less than
          all of such underlying shares of Common Stock are disposed of for
          proceeds equal to or exceeding the Return Criteria, then such option
          shall be exercisable only for that number of shares of Common Stock
          equal to the product of (A) 11,047 shares, multiplied by (B) a
          fraction, with the numerator equal to the number of underlying shares
          of Common Stock disposed of for proceeds equal to or exceeding the
          Return Criteria and with the denominator equal to 186,283 shares; or

                    (ii) The fair market value per share of the Common Stock as
          determined in the public market after any initial public offering by
          the Company, with such measurement to be determined regardless of
          whether the holders described above actually realize any proceeds from
          a sale, exchange or other disposition of such shares.

Attached hereto as EXHIBIT 1 is an example of the computation of the compound
average return on investment calculation, dollar and time weighted.

               (c) Notwithstanding anything herein to the contrary, (i) this
option shall become exercisable in full upon the occurrence of a Change in
Control of the Company, as defined in and subject to the terms and conditions of
Section 14 of the Plan, regardless of whether the objectives described above in
subsection (b) have been satisfied, and (ii) this option shall not be
exercisable on or after December 10, 2001 (i.e., being five years after the
Grant Date).

          3.   TERMINATION OF EMPLOYMENT.

               (a) If, prior to the date that this option shall first become
exercisable, the Optionee's employment with the Company, or any subsidiary of
the Company, shall be terminated, with or without cause, or by the act, death,
disability or retirement of the Optionee, the Optionee's right to exercise this
option shall terminate and all rights hereunder shall cease.

<PAGE>   3
               (b) If, on or after the date that this option shall first become
exercisable, the Optionee's employment shall be terminated for any reason other
than death or disability, the Optionee shall have the right, within the earlier
of (i) the expiration of the option, or (ii) three months after such termination
of employment, to exercise this option to the extent that it shall have been
exercisable and unexercised on the date of such termination of employment,
subject to any other limitation on the exercise of such option in effect at the
date of exercise; provided, however, that the term of the option may be extended
further at the discretion of the Committee, but not beyond the expiration date
stated in the original grant.

               (c) If, on or after the date that this option shall first become
exercisable, the Optionee shall die (either while employed by the Company or
within three months after termination) or become disabled, the Optionee or the
executor or administrator of the estate of the Optionee (as the case may be) or
the person or persons to whom the option shall have been transferred by will or
the laws of descent and distribution, shall have the right, within the earlier
of (i) the expiration of the option, or (ii) one year from the date of the
Optionee's death or termination of employment due to disability to exercise this
option to the extent that it was exercisable and unexercised on the date of the
Optionee's death or termination of employment due to disability, subject to any
other limitation on exercise in effect at the date of exercise; provided,
however, that the term of the option may be extended further at the discretion
of the Committee, but not beyond the expiration date stated in the original
grant.

               (d) The transfer of the Optionee from one corporation to another
among the Company and any of its subsidiaries, or a leave of absence with the
written consent of the Company, shall not be a termination of employment for
purposes of this option.

As used in this Agreement, the term" employment" means employment with the
Company or any parent or subsidiary of the Company, the term "disability" means
any "disability" as defined in Section 22(e) of the Code), and the term
"subsidiary" of the Company means any "subsidiary corporation" as defined in
Section 424(f) of the Code.

          4.   EXERCISE OF OPTION.

               (a)  The Optionee, from time to time during the period when the
option hereby granted may by its terms be exercised, may exercise the option in
whole or in part as at the time permitted, by delivery to the Company of:

                    (i) A written notice signed by the Optionee (A) stating the
number of shares that the Optionee has elected to purchase at that time from the
Company, and (B) upon the request of the Company, a signed statement from the
Optionee representing that he is acquiring the shares being purchased for
investment and not for resale; and

                  (ii) cash, personal check, certified or bank cashier's check
for an amount equal to the purchase price of the shares then to be purchased.

<PAGE>   4

               (b) After receipt of the foregoing, and subject to Section 5
below, the Company shall issue the shares in the name of the Optionee and
deliver the certificates therefor to the Optionee.

          5.   COMPLIANCE WITH SECURITIES LAWS. Notwithstanding anything to the
contrary herein, the Company's obligation to sell and deliver stock under this
option is subject to such compliance with federal and state laws, rules and
regulations applying to the authorization, issuance or sale of securities as the
Company deems necessary or advisable. The Company shall not be required to sell
and deliver stock pursuant hereto unless and until it receives satisfactory
assurance that the issuance or transfer of such shares will not violate any of
the provisions of any federal or state law, rule or regulation governing the
sale of securities, or that there has been compliance with the provisions of
such laws, rules and regulations.

          6.   NON-ASSIGNABILITY. The option hereby granted shall not be
transferable by the Optionee other than by will or the laws of descent and
distribution, and the option may be exercised during the Optionee's lifetime
only by the Optionee. Any transferee of the option shall take the same subject
to the terms and conditions of this Agreement. No such transfer of the option
shall be effective to bind the Company unless the Company shall have been
furnished with written notice thereof and a copy of the will and/or such other
evidence as the Company may deem necessary to establish the validity of the
transfer and the acceptance by the transferee or transferees of the terms and
conditions of this Agreement. No assignment or transfer of this option, or of
the rights represented thereby, whether voluntary or involuntary, by operation
of law or otherwise, except a transfer by the Optionee by will or by the laws of
descent and distribution, shall vest in the purported assignee or transferee any
interest or right herein whatsoever.

          7.   DISPUTES. As a condition to the granting of the option granted
hereby, the Optionee and the Optionee's successors and assigns agree that any
dispute or disagreement which shall arise under or as a result of this Agreement
shall be determined by the Board of Directors ("Board") in its sole discretion
and judgment and that any such determination and any interpretation by the Board
of the terms of this Agreement shall be final and shall be binding and
conclusive for all purposes.

          8.   ADJUSTMENTS -- STOCK DIVIDEND, RECLASSIFICATION, ETC. The number
of shares subject to the option granted to the Optionee under this Agreement
(both as to the number of shares of Common Stock and the option price) shall be
appropriately adjusted in accordance with Section 13 of the Plan for any
increase or decrease in the number of outstanding shares of Common Stock
resulting from payment of a stock dividend on Common Stock, a subdivision or
combination of shares of Common Stock, a stock split or a reclassification of
Common Stock, and in the event of a merger, consolidation or share exchange in
which the Company shall be the surviving corporation.

          9.   RIGHTS AS PRIOR TO ISSUANCE OF SHARES. The Optionee shall have no
rights as a shareholder of the Company with respect to any of the shares covered
by this option until the
<PAGE>   5
issuance of a stock certificate or certificates upon the exercise of the option
in full or in part, and then only with respect to the shares represented by such
certificate or certificates. Without limiting the generality of the foregoing,
no adjustment shall be made for dividends or other rights with respect to such
shares for which the record date is prior to the date such certificate is
issued.

          10.  NOTICE OF DISPOSITION OF STOCK. The Optionee hereby agrees to
notify the Company of any disposition of stock acquired pursuant to the exercise
of this option prior to two years after the Grant Date or prior to one year
after exercise of the option.

          11.  PROVISIONS OF PLAN CONTROLLING. The provisions of this Agreement
are subject to the terms and provisions of the Plan. In the event of any
conflict between the provisions of this Agreement, the option, and/or the
provisions of the Plan, the provisions of the Plan shall control.

          12.  MISCELLANEOUS.

               (a) Notices. All notices or other communications required or
permitted hereunder shall be in writing and shall be deemed to have been duly
given if physically delivered, telephonically transmitted by telecopier or other
similar means, or five (5) days after having been deposited in the United States
Mail, as certified mail with return receipt requested and with postage prepaid,
addressed to the recipient as follows:

                   (i)   If to the Company, to:

                         John K. Cannon, Esq. (Secretary and Chairman of the
                              Compensation Committee)
                         5410 Osprey Court
                         Sanibel, Florida  33957
                              (941-395-9602; fax (push "*"))

                         and to:

                         Colleen M. Spencer, Treasurer
                         c/o Inmet Corporation
                         300 Dino Drive
                         Ann Arbor, Michigan  48103
                              (313-426-5553; fax 313-426-5557)

                         with a courtesy copy to:

                         Dykema Gossett PLLC
                         400 Renaissance Center
                         Detroit, Michigan 48243
                              (313-568-5374; fax 313-568-6915)
                         Attention:  J. Michael Bernard

                    (ii) If to the Optionee, to:

                              John L. Smucker
                              789 Trombley
                              Grosse Pointe Park, Michigan  48230
                                   (313-331-5915)

<PAGE>   6
Either party by notice to the other may designate a different address to which
notices shall addressed. Any notice given by the Company to the Optionee at the
Optionee's last designated address shall be effective to bind any other person
who shall acquire rights hereunder.

               (b) Entire Agreement; Amendment. This Agreement, along with the
Plan, constitutes the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof. No representation, inducement,
agreement, promise or understanding altering, modifying, amending, taking from
or adding to the terms and conditions hereof shall have any force and effect
unless the same is in writing and validly executed by the parties hereto.

               (c) Parties in Interest; "Optionee" to Include Certain
Transferees. This Agreement shall be binding upon and inure to the benefit of,
and be enforceable by, the parties hereto and their respective permitted
successors and assigns, heirs and personal representatives. Whenever the word
"Optionee" is used in any provision of this Agreement under circumstances where
the provision should logically apply to any other person or persons to whom the
option, in accordance with the provisions of Section 6 hereof, may be
transferred, the word "Optionee" shall be deemed to include such person or
persons.

               (d) Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be treated as an original but all of which,
collectively, shall constitute a single instrument.

               (e) Severability. In the event that any one or more of the
provisions of this Agreement should be invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions
contained herein shall not in any way be affected or impaired thereby.

               (f) Captions. The captions and headings of the sections and the
subsections have been inserted as a matter of convenience and reference only and
shall not control or affect the meaning or construction of this Agreement.

               (G) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MICHIGAN.

<PAGE>   7

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                    COMPANY:

                                    MICROWAVE COMPONENTS ENTERPRISES, INC.

                                    By:  /s/ John K. Cannon
                                         -------------------------------
                                         John K. Cannon, Secretary and
                                         Chairman of the Compensation
                                         Committee

                                    By:  /s/ Colleen M. Spencer
                                         ----------------------------
                                         Colleen M. Spencer, Treasurer

                                    OPTIONEE:

                                    /s/ John L. Smucker
                                    --------------------------------
                                    JOHN L. SMUCKER

<PAGE>   8

                  NOTICE OF EXERCISE OF INCENTIVE STOCK OPTION
                                GRANTED UNDER THE
          1996 MICROWAVE COMPONENTS ENTERPRISES, INC. STOCK OPTION PLAN

                                                          , 199
                                        ------------------     -

Chairman of the Compensation Committee
  of the Board of Directors
Microwave Components Enterprises, Inc.
c/o Inmet Corporation
300 Dino Drive
Ann Arbor, Michigan  48103

Ladies and Gentlemen:

      An incentive stock option was granted to me on December 10, 1996 (the
"Grant Date") to purchase 11,047 shares of Microwave Components Enterprises,
Inc. Common Stock, at a price of $64.90 per share, under the 1996 Stock Option
Plan.

      I hereby elect to exercise my incentive stock option with respect to
shares. Enclosed herewith is/are the following (check one or more, if
applicable) in a sufficient amount to satisfy the applicable purchase price:

                            cash
                     ---

                            my personal check
                     ---

                            a certified check
                     ---

                            a bank cashier's check
                     ---

      I agree to notify the Company if, prior to two years from the Grant Date
and one year from the exercise date, I dispose of any shares acquired pursuant
to my exercise of this incentive stock option.

      I represent that the shares of stock that I am purchasing upon this
exercise of my option are being purchased for investment purposes and not with a
view to resale. This representation shall not be binding upon me if the shares
of Common Stock that I am purchasing are subject to an effective Registration
Statement under the Securities Act of 1933.

                                /s/
                                   ---------------------------------------------
                                JOHN L. SMUCKER, Optionee<PAGE>   1
                                                                    EXHIBIT 10.4

                              STOCKHOLDER AGREEMENT

                  This STOCKHOLDER AGREEMENT (this "Agreement"), dated as of
July 23, 1996, is among (a) MICROWAVE COMPONENT ENTERPRISES, INC., a Michigan
corporation (the "Company"), (b) RONALD D. BROOKS ("RDB"), (c) KURT W. BROWN
("KWB"), (d) JOHN K. CANNON ("JKC"), (e) ANDREW CATALANO ("AC"), (f) JAMES S.
CHAPMAN ("JSC"), (g) JIMMY F. DHOLOO ("JFD"), (h) MICHAEL J. ENDRES ("MJE"), (i)
DAVID FREEMAN ("DF"), (j) GEORGE HADDAD ("GH"), (k) HECTOR J. HOFFMAISTER
("HJH"), (l) HENRY F. JACQUES ("HFJ"), (m) WILLIAM KNILL ("WK"), (n) FRANK W.
MacLEAN ("FWM"), (o) EDWARD J. McCABE ("EJM"), (p) DAVID R. MEUSE ("DRM"), (q)
GEOFFREY D. SMITH ("GDS"), (r) JOHN L. SMUCKER ("JLS"), (s) TIMOTHY E. SOLOMON
("TES"), (t) COLLEEN M. SPENCER ("CMS"), (u) GERARD H. SPENCER ("GHS"), (v)
ROBERT L. STEPHENS ("RLS"), (w) STEVEN J. VOLKER ("SJV"), (x) JAMES H. WOLFE
("JHW"), (y) RICHEY J. WYATT ("RJW"), (z) AL BAUER ("AB"), (aa) TOM BRAVIAK
("TB"), (bb) ROBERT HARTWIG ("RH"), (cc) RAY KAMINSKY ("RK"), (dd) MIKE
MASTERSON ("MM"), (ee) JIM PELRIN ("JP"), (ff) JOEL ROSENSTEIN ("JR"), (gg) CARL
SCHRAUFNAGL ("CS"), (hh) LARRY SILVERMAN ("LS"), (ii) MICHAEL SNYDER ("MS" and,
together with the Persons named in clauses (b) through (hh) of this preamble,
the "Investors"), (jj) HANIFEN IMHOFF MEZZANINE FUND, L.P. ("HI"), (kk) NATIONAL
CITY CAPITAL CORPORATION ("NCCC") and (ll) each other Person who becomes a party
to this Agreement, subject to the conditions set forth herein, by executing an
Instrument of Accession ("Instrument of Accession") in the form of Schedule 1
hereto.

                  WHEREAS, the parties hereto wish to set forth their relative
rights with regard to the transfer and issuance of the Company's securities, the
election of the Company's Board of Directors and certain other matters
concerning the Company's capital stock;

                  NOW, THEREFORE, the parties to this Agreement hereby agree as
follows:

                  ss.1. DEFINITIONS. For all purposes of this Agreement, the
following terms shall have the meanings set forth below:

                  Affiliate. Affiliate shall mean, with respect to any
Stockholder, any Person directly or indirectly controlling, controlled by or
under direct or indirect common control with such Stockholder and shall include
(a) any Person who is a director or beneficial holder of at least ten percent
(10%) of the then outstanding capital stock (or partnership interests or other
shares of beneficial interest) of such Stockholder and Family Members of any
such Person, (b) any Person of which such Stockholder or an Affiliate (as
defined in clause (a) above) of such Stockholder directly or indirectly, either
beneficially owns at least ten percent (10%) of the then outstanding capital
stock (or partnership interests or other shares of beneficial interest) or
constitutes at least a ten percent (10%) equity participant, (c) any Person of
which an Affiliate (as defined in clause (a) above) of such Stockholder is a
partner, director, officer or executive employee, and (d) in the case of a
specified Person who is an individual, Family Members of such Person.
<PAGE>   2

                  Approved Sale.  See Section 3.1.

                  Charter. Charter shall mean the Company's Articles of
Incorporation and all amendments thereto.

                  Closing. Closing shall have the meaning set forth in the
Investor Purchase Agreement.

                  Common Stock. Common Stock shall mean (a) the Company's Common
Stock, without par value per share (the "Common Stock") and (b) any shares of
any other class of capital stock of the Company hereafter issued which are (i)
not preferred as to dividends or assets over any class of stock of the Company,
(ii) not subject to redemption pursuant to the terms thereof or (iii) issued to
the holders of shares of Common Stock upon any reclassification thereof.

                  Company. See preamble.

                  Family Members. Family Members shall mean, with respect to any
individual, any Related Person or Family Trust of such individual.

                  Family Trust. Family Trust shall mean, with respect to any
individual, any trust created for the benefit of one or more of such
individual's Related Persons and controlled by such individual.

                  HI.  See preamble.

                  HI Securities. HI Securities shall mean (a) the HI Warrants,
(b) the HI Warrant Shares, (c) all other shares of the Company's capital stock
purchased by or issued from time to time to HI, (d) all shares of the Company's
capital stock issued or issuable upon conversion of such shares and (e) all
shares of the Company's capital stock issued with respect to such shares by way
of stock dividend or stock split or in connection with any merger,
consolidation, recapitalization or other reorganization affecting the Company's
capital stock. HI Securities will continue to be HI Securities in the hands of
any holder and each transferee thereof will succeed to the rights and
obligations of a holder of HI Securities hereunder, provided that shares of HI
Securities will cease to be HI Securities when transferred (i) to the Company or
(ii) pursuant to a Public Sale.

                  HI Stockholders. HI Stockholders shall mean HI for so long as
such Person holds HI Securities and any other Person to whom HI Securities are
transferred in accordance with Section 2 for so long as such Person holds any HI
Securities.

                  HI Warrant Shares. HI Warrant Shares shall mean all shares of
Common Stock issued or issuable upon exercise of the HI Warrants in accordance
with their terms.

<PAGE>   3

                  HI Warrants. HI Warrants shall mean the warrant of the Company
for the purchase of 10,340.28 shares of Common Stock issued to HI pursuant to
the Purchase Agreement as in effect on the date hereof and any warrants issued
upon transfer, exchange or replacement thereof.

                  Instrument of Accession.  See preamble.

                  Investor Purchase Agreement. Investor Purchase Agreement shall
mean the Subscription Agreement, dated as of the date hereof, among RDB, MJE,
DRM, JLS and the Company, as amended and in effect from time to time.

                  Majority Investor Holders. Majority Investor Holders shall
mean the holder or holders at the time of determination of fifty-one percent
(51%) or more of the number of the then issued and outstanding shares of Common
Stock included in the Other Securities.

                  Management Agreements. Management Agreements means the
Management Agreements dated as of the date hereof between the Company and Inmet
Corporation, Weinschel Corporation and KDI/Triangle Corporation, respectively.

                  Management Stockholders. Management Stockholders means,
collectively, RDB, JSC, MJE, DRM, and JLS.

                  NCCC.  See preamble.

                  NCCC Securities. NCCC Securities shall mean (a) the NCCC
Warrants, (b) the NCCC Warrant Shares, (c) all other shares of the Company's
capital stock purchased by or issued from time to time to NCCC, (d) all shares
of the Company's capital stock issued or issuable upon conversion of such shares
and (e) all shares of the Company's capital stock issued with respect to such
shares by way of stock dividend or stock split or in connection with any merger,
consolidation, recapitalization or other reorganization affecting the Company's
capital stock. NCCC Securities will continue to be NCCC Securities in the hands
of any holder and each transferee thereof will succeed to the rights and
obligations of a holder of NCCC Securities hereunder, provided that shares of
NCCC Securities will cease to be NCCC Securities when transferred (i) to the
Company or (ii) pursuant to a Public Sale.

                  NCCC Stockholders. NCCC Stockholders shall mean NCCC for so
long as such Person holds NCCC Securities and any other Person to whom NCCC
Securities are transferred for so long as such Person holds any NCCC Securities.

                  NCCC Warrant Shares. NCCC Warrant Shares shall mean all shares
of Common Stock issued or issuable upon exercise of the NCCC Warrants in
accordance with their terms.

                  NCCC Warrants. NCCC Warrants shall mean the warrant of the
Company for the purchase of 18,382.72 shares of Common Stock issued to NCCC
pursuant to the Purchase Agreement as in effect on the date hereof and any
warrants issued upon transfer, exchange or

<PAGE>   4

replacement thereof.

                  Other Securities. Other Securities shall mean (a) the shares
of Common Stock issued to RDB, MJE, DRM and JLS pursuant to the Investor
Purchase Agreement, (b) all other shares of the Company's capital stock
purchased by or issued from time to time to any of the Investors, (c) all shares
of the Company's capital stock issued or issuable upon conversion of such shares
and (d) all shares of the Company's capital stock issued with respect to such
shares by way of stock dividend or stock split or in connection with any merger,
consolidation, recapitalization or other reorganization affecting the Company's
capital stock. Other Securities will continue to be Other Securities in the
hands of any holder and each transferee thereof will succeed to the rights and
obligations of a holder of Other Securities hereunder, provided that shares of
Other Securities will cease to be Other Securities when transferred (i) to the
Company, (ii) to a HI Stockholder or an NCCC Stockholder or (iii) pursuant to a
Public Sale.

                  Other Stockholders. Other Stockholders shall mean the
Investors for so long as such Persons hold Other Securities and any other Person
to whom Other Securities are transferred for so long as such Person holds any
Other Securities.

                  Other Stockholder Agreements. Other Stockholder Agreements
shall mean (i) the Amended and Restated Shareholders' Agreement dated November
28, 1995 among the Company, Inmet Corporation ("Inmet"), RDB, JSC, MJE, DRM and
JLS, (ii) the Amended and Restated Shareholders' Agreement, dated November 28,
1995, among the Company, Inmet, AC (individually and for his IRA), DF, HFJ
(individually and for his IRA), EJM, TES, CMS and SJV, (iii) the Shareholders'
Agreement, dated November 30, 1995, among the Company, KWB, JKC, AC, JFD, GH,
HJH, HFJ, WK, FWM, EJM, GDS, TES, CMS, GHS, RLS, SJV, JHW and RJW, and (iv) the
Shareholders' Agreement, dated July 23, 1996, among the Company, AB, TB, RH, RK,
MM, JP, JR, CS, LS, MS, RDB, JKC, AC, JSC, MJE, DF, GH, HFJ, DRM, JLS, TES, CMS,
GHS, and JHW, all as in effect on the date hereof and with such amendments
thereto after the date hereof as may be approved in writing by the HI
Stockholders and the NCCC Stockholders.

                  Permitted Transferee. Permitted Transferee shall have the
meaning set forth in the Other Stockholder Agreements.

                  Person. Person shall mean an individual, partnership,
corporation, association, trust, joint venture, unincorporated organization, or
any government, governmental department or agency or political subdivision
thereof.

                  Personal Representative. Personal Representative shall mean
the successor or legal representative (including, without limitation, a
guardian, executor, administrator or conservator) of a dead or incompetent
Stockholder.

                  Preferred Stock. Preferred Stock shall mean the 4,000 shares
of the Company's Series A Preferred Stock, $1,000 liquidation value per share.
<PAGE>   5

                  Public Sale. Public Sale shall mean any sale of Common Stock
to the public pursuant to a Public Offering or to the public through a broker or
market-maker pursuant to the provisions of Rule 144 (or any successor rule)
adopted under the Securities Act.

                  Public Offering. Public Offering shall mean the Company's
underwritten public offering pursuant to an effective registration statement
under the Securities Act covering the offer and sale of shares of Common Stock.

                  Purchase Agreement. Purchase Agreement shall mean the Note,
Warrant and Preferred Stock Purchase Agreement dated as of the date hereof among
the Company, HI and NCCC, as amended and in effect from time to time.

                  Qualified Public Offering. Qualified Public Offering shall
mean a Public Offering resulting on the date of closing in net proceeds to the
Company and selling security holders of an amount not less than $20,000,000,
which offering is managed by an independent investment banking firm that (i) is
nationally or regionally recognized, and (ii) has a net worth, determined in
accordance with generally accepted accounting principles, of at least
$25,000,000.

                  Related Persons. Related Persons shall mean, with respect to
any individual, such individual's parents, spouse, children and grandchildren.

                  Securities. Securities shall mean the HI Securities, the NCCC
Securities and the Other Securities.

                  Securities Act. Securities Act shall mean the Securities Act
of 1933, as amended.

                  Small Business Act. Small Business Act shall mean the Small
Business Investment Act of 1958, as amended, or any successor federal statute,
and the rules and regulations of the Small Business Administration thereunder,
all as the same shall be in effect from time to time.

                  Subsidiary. Subsidiary shall mean, with respect to the
Company, any corporation a majority (by number of votes) of the outstanding
shares of any class or classes of which shall at the time be owned by the
Company or by a Subsidiary of the Company, if the holders of the shares of such
class or classes (a) are ordinarily, in the absence of contingencies, entitled
to vote for the election of a majority of the directors (or persons performing
similar functions) of the issuer thereof, even though the right so to vote has
been suspended by the happening of such a contingency, or (b) are at the time
entitled, as such holders, to vote for the election of a majority of the
directors (or persons performing similar functions) of the issuer thereof,
whether or not the right so to vote exists by reason of the happening of a
contingency.

                  Stockholders. Stockholders shall mean, collectively, the HI
Stockholders, the NCCC Stockholders and the Other Stockholders.

                  Third Party. Third Party shall mean any Person that is not a
party to this Agreement.

<PAGE>   6

                  Transfer. See Section 2.1.

                  Transfer Notice. See Section 2.2.

                  ss.2. RESTRICTIONS ON TRANSFER OF SECURITIES.

                  2.1. Transfer: No Stockholder may sell, assign, pledge or
otherwise transfer (a "Transfer") any interest in any Securities, either
voluntarily or involuntarily, by operation of law or otherwise, except:

                  (a) in the case of any NCCC Stockholder or any HI Stockholder
(i) to any Person other than an Affiliate, if that Person is a bank, an
insurance company, an investment company, a saving and loan association, a
mezzanine investment fund or other financial institution or to any other Person
(other than a competitor of the Company or any Subsidiary thereof) with the
consent of the Company, which consent will not be unreasonably withheld, to the
extent permitted by Section 2.2, or (ii) to an Affiliate thereof (other than a
Person who is an individual).

                  (b) in the case of any Other Stockholder, to the extent
permitted in accordance with the Other Stockholder Agreements, provided,
however, that each NCCC Stockholder and HI Stockholder shall have the right, but
not the obligation, subject to the price and other terms described in the Other
Stockholder Agreements to purchase any Offered Shares (as defined in the Other
Stockholder Agreements) as if the NCCC Stockholders and HI Stockholders were
holders of Common Stock and parties thereto, and shall be deemed to own that
number of Common Shares (i) issued to such NCCC Stockholder or HI Stockholder,
and (ii) issuable upon exercise of any NCCC Warrants or HI Warrants held by such
NCCC Stockholder or HI Stockholder, respectively; and provided, further that in
no event shall shares be Transferred to a Third Party without the prior written
consent of the NCCC Stockholders and the HI Stockholders; or

                  (c) pursuant to a Public Sale or an Approved Sale or to the
Company;

provided that (x) the restrictions contained in this Section 2 will continue to
be applicable to the Securities after any Transfer pursuant to clauses (a) and
(b) above, and (y) the transferee of such Securities pursuant to clause (x)
above shall either be a party hereto or shall have executed and delivered to the
Company an Instrument of Accession.

                  2.2. Right of First Offer. If any NCCC Stockholder or any HI
Stockholder desires to sell any interest in any Securities to any Person other
than an Affiliate (other than a Person who is an individual), then such holder
must first notify the Company of such proposed sale (the "Transfer Notice"),
offering the Company the right to purchase such Securities and stating the
aggregate purchase price for which such Securities are being offered and any
other terms of the offer. For 30 days following delivery of the Transfer Notice,
the Company shall have the right to elect to purchase such Securities, at the
price and on other terms stated in the

<PAGE>   7

Transfer Notice. If the Company desires to make such purchase, the Company shall
notify such NCCC Stockholder or such HI Stockholder, as the case may be, within
such 30-day period. Any such purchase shall occur within 60 days after delivery
of the applicable Transfer Notice. If the Company elects not to purchase such
Securities, or fails to make an affirmative election within such 30-day period,
such NCCC Stockholder or such HI Stockholder, as the case may be, shall
thereafter by free to sell such Securities to any other Person so long as (a)
the purchase price is equal to or greater than the purchase price set forth in
the Transfer Notice, (b) the terms of the sale are not materially more favorable
to the purchaser thereof than the terms set forth in the Transfer Notice, and
(c) the purchase occurs within 180 days after the delivery of the applicable
Transfer Notice.

                  2.3. Right of Co-Sale. In the event that the Management
Stockholders (together with their Affiliates) desire to Transfer, either
individually or in the aggregate and whether in a single transaction or a series
of related transactions, ten percent (10%) or more of the shares of Common Stock
which the Management Stockholders collectively own (other than to any Affiliates
or Permitted Transferee of such Management Stockholders that agree to be bound
by the terms of this Agreement) (the Management Stockholders participating in
such Transfer, the "Transferring Stockholders"), the Transferring Stockholders
shall notify each of the NCCC Stockholders and the HI Stockholders, in writing,
of such Transfer and its terms and conditions. Within fifteen (15) days of
receipt of such notice, each of the NCCC Stockholders and the HI Stockholders
shall notify the Transferring Stockholders if such Person elects to participate
in such Transfer. Each such NCCC Stockholder and HI Stockholder that so notifies
the Transferring Stockholders shall have the right to sell, at the same price
the number of shares of Common Stock the third party actually proposed to
purchase multiplied by a fraction, the numerator of which shall be the number of
shares of Common Stock issued and owned by such NCCC Stockholder or HI
Stockholder and the denominator of which shall be the aggregate number of shares
of Common Stock issued and owned by the Transferring Stockholders and each of
the NCCC Stockholders and HI Stockholders exercising his or its rights under
this Section 2.3. If an NCCC Stockholder or HI Stockholder so elects to have his
or its shares sold together with the Transferring Stockholders' shares, then it
shall be a condition to the consummation of the sale by the Transferring
Stockholders to such third party that such shares of such NCCC Stockholder or HI
Stockholder be sold simultaneously with those of the Transferring Stockholders.
The rights under this Section 2.3 shall terminate when the Management
Stockholders own five percent (5%) or less of the outstanding Common Stock.

                  2.4 Transfers of Securities in Breach of this Agreement In the
event of any Transfer of Securities in breach of this Agreement, commencing
immediately upon the date of such attempted Transfer (a) such Transfer shall be
void and of no effect, (b) no dividend of any kind or any distribution pursuant
to any liquidation, redemption or otherwise shall be paid by the Company to the
purported transferee in respect of such Securities (all such rights to payment
by the transferring Stockholder and/or the purported transferee being deemed
waived), (c) the voting rights of such Securities, if any, shall terminate, and
(d) neither the transferring Stockholder nor the purported transferee shall be
entitled to exercise any rights with respect to such Securities until such
Transfer in breach of this Agreement has been rescinded.

<PAGE>   8

                  2.5. Classes of Securities. Notwithstanding anything herein to
the contrary, for purposes of this Section 2, all classes of Common Stock shall
be treated as a single class and the Common Stock and the Preferred Stock shall
be treated as separate classes.

                  ss.3. SALE OF THE COMPANY.

                  3.1. Approved Sale. In the event the sale of the Company
(whether by merger, consolidation, sale of all or substantially all of the
Company's assets or sale of all or substantially all of the outstanding shares
of Common Stock) is approved by the Company's Board of Directors and consented
to by the HI Stockholders and the NCCC Stockholders (an "Approved Sale"), each
Stockholder hereby waives, to the extent permitted by applicable law, all rights
to object to or dissent from such Approved Sale and hereby agrees to consent to
and raise no objections against such Approved Sale; provided that such sale is
not to an Affiliate of any other Stockholder. If the NCCC Stockholders or the HI
Stockholders do not consent to any such proposed sale, the Company, at the
Company's expense, may retain the services of an independent investment banking
firm that (i) is nationally or regionally recognized, (ii) is one of three
investment banking firms approved by the HI Stockholders and the NCCC
Stockholders, (iii) is not an Affiliate of the HI Stockholders and the NCCC
Stockholders, and (iv) has a net worth, determined in accordance with generally
accepted accounting principles, of at least $25,000,000, to appraise the
fairness of such proposed sale. If that independent investment banking firm
executes and delivers to the NCCC Stockholders and the HI Stockholders a
fairness opinion, in form and substance satisfactory to the NCCC Stockholders
and the HI Stockholders, stating that the price and other terms of such proposed
sale are fair, then such proposed sale shall be deemed an Approved Sale.

                  3.2. Obligation of Stockholders. The Company and the
Stockholders hereby agree to cooperate fully in any Approved Sale and not to
take any action prejudicial to or inconsistent with such Approved Sale. Without
limiting the generality of the foregoing, each Stockholder hereby agrees to (i)
vote such Stockholder's Securities to approve the terms of any such Approved
Sale and such matters ancillary thereto as may be necessary in the judgment of
the Board of Directors of the Company to effect such Approved Sale, (ii) waive
any appraisal rights that such Stockholder would have with respect to such
Approved Sale, (iii) in an Approved Sale structured as a sale of stock, sell all
of such Stockholder's Securities on the terms and conditions approved by the
Board of Directors of the Company and (iv) upon request, deliver such
Stockholder's Securities (together with executed instruments of transfer) in
escrow (pending receipt of the purchase price therefor) to counsel for the
Company in such sale.

                  3.3. Received Consideration. The obligations of the
Stockholders with respect to any Approved Sale are subject to the satisfaction
of the condition that upon the consummation of such sale, all of the sellers of
Common Stock and Preferred Stock, respectively, will receive the same form and
amount of consideration per share of Common Stock and Preferred Stock, as
applicable, or if any such sellers are given an option as to the form and amount
of consideration to be received per share of Common Stock or Preferred Stock,
all holders of Common Stock and Preferred Stock, as applicable, will be given
the same option and all of the sellers of Securities exercisable for Common
Stock and Preferred Stock will receive the same form and amount of

<PAGE>   9

consideration and the same options as to form and amount of consideration,
referred to above, in each case per share of Common Stock and Preferred Stock,
as the case may be, less the exercise price per share of Common Stock or
Preferred Stock, as the case may be. It shall be a condition to any Approved
Sale structured as a stock sale that the purchaser with respect to such
transaction contemporaneously purchase or cause to be redeemed all of the
outstanding Preferred Stock for a price per share equal to the Liquidation Value
(as defined in the Charter), plus all accrued and unpaid dividends thereon.

                  3.4. Proxy. Each Stockholder hereby appoints NCCC in any
Approved Sale as such Stockholder's true and lawful proxy and attorney, with
full power of substitution, to vote all Securities owned by such Stockholder or
over which such Stockholder has voting control to effectuate the agreements set
forth in this Section 3, but only in the event of and to the extent necessary to
remedy any breach by such Stockholder of its obligations under this Section 3.
The proxies and powers granted by each Stockholder pursuant to this Section 3.4
are coupled with an interest and are given to secure the performance of such
Stockholder's duties under this Section 3. Such proxies are irrevocable for so
long as this Section 3 remains in effect and will survive the death,
incompetency or disability of any Stockholder who is an individual and the
merger, liquidation or dissolution of any Stockholder that is a corporation,
partnership or other entity.

                  ss.4. BOARD OF DIRECTORS.

                  Each of the Stockholders agrees as follows:

                  4.1. Boards of Directors; Voting Agreements. (a) Subject to
paragraph (b) below, in any and all elections of directors of the Company
(whether at a meeting or by written consent in lieu of a meeting), each
Stockholder shall vote, or cause to be voted, or cause such Stockholder's
designees as directors to vote, all Securities owned by such Stockholder or over
which such Stockholder has voting control so as to fix the number of directors
of the Company at any number between three and fifteen (the "Maximum Number"),
and to nominate and elect such directors of the Company as follows:

                           (i) A number of individuals equal to the Maximum
                  Number less two, designated by the Majority Investor Holders,
                  all of whom shall be Investors, and one of whom will serve as
                  the Chairman of the Board of the Company;

                           (ii) One individual designated by HI, so long as HI
                  or its Affiliates hold any Securities; and

                           (iii) One individual designated by NCCC, so long as
                  NCCC holds any Securities.

If the Majority Investor Holders choose not to designate a director or directors
as provided in clause (i) above, the number of directors of the Company shall be
reduced by the number of directors the Majority Investor Holders choose not to
so designate until such time as the Majority Investor Holders exercise their
rights as provided in clause (i) above at which time the number of

<PAGE>   10

directors of the Company shall be increased by the number of directors
designated as provided in clause (i) above.

                  (b) If any vacancy shall occur in the Board of Directors of
the Company as a result of death, disability, resignation or any other
termination of a director, the replacement for such vacating director shall be
designated by the Person or Persons who, pursuant to Sections 4.1(a)(i), (ii)
and (iii) above, originally designated such vacating director. Each Person
entitled to designate a director or a replacement for a director pursuant to
this Section 4 shall also be entitled to designate the removal of such director
with or without cause. Each Stockholder hereby agrees to vote or cause to be
voted or cause such Stockholder's designees as directors to vote all Voting
Securities owned by such Stockholder or over which such Stockholder has voting
control so as to comply with this Section 4.1(b).

                  4.2. PROXY. EACH STOCKHOLDER HEREBY GRANTS TO THE COMPANY AN
IRREVOCABLE PROXY, COUPLED WITH AN INTEREST, TO VOTE ALL OF THE VOTING
SECURITIES OWNED BY SUCH STOCKHOLDER OR OVER WHICH SUCH STOCKHOLDER HAS VOTING
CONTROL TO THE EXTENT NECESSARY TO CARRY OUT THE PROVISIONS OF THIS SECTION 4,
BUT ONLY IN THE EVENT OF AND TO THE EXTENT NECESSARY TO REMEDY ANY BREACH BY
SUCH STOCKHOLDER OF HIS, HER OR ITS OBLIGATIONS UNDER THE VOTING AGREEMENT
CONTAINED HEREIN.

                  4.3. Action by Stockholders. Each Stockholder further agrees
that such Stockholder will not vote any Securities owned by such Stockholder or
over which such Stockholder has voting control, or take any action by written
consent, or take any other action as a stockholder of the Company, to circumvent
the voting arrangements required by this Section 4. Without limiting the
generality of the foregoing, each Stockholder agrees not to (a) vote any
Securities owned by such Stockholder or over which such Stockholder has voting
control, or take any other action as a stockholder of the Company, to approve
any corporate action or transaction by the Company not previously approved by
the Board of Directors of the Company elected in accordance with this Section 4
and the By-laws of the Company or (b) commence or maintain any shareholder's
derivative suit challenging any action or transaction approved by the Company's
Board of Directors.

                  4.4. Expense Reimbursement. The Company hereby agrees to pay
all reasonable expenses incurred by the directors designated pursuant to this
Section 4 or any representatives designated by NCCC or HI pursuant to Section
3.2 of the Warrant, in connection with their attendance at meetings of the
Company's Board of Directors (including all travel and lodging expenses related
thereto).

                  4.5 Board Meetings. The Company will hold at least four
regular meetings of the Board of Directors during each calendar year at such
times and places as shall be determined from time to time by the Board of
Directors.

                  4.6 Confidentiality. Each Stockholder agrees to keep
confidential any information relating to the Company or any of its Subsidiaries
received by it pursuant to or in

<PAGE>   11

connection with this Agreement which is (a) trade information which the
Stockholders reasonably expect that the Company would want to keep confidential,
(b) technical information with respect to the equipment or operations of the
Company, (c) financial or environmental information, and (d) any written
information that is clearly and conspicuously identified in writing by the
Company as confidential; provided, however, that this Section 4.6 shall not be
construed to prevent any Stockholder from disclosing such information (i) to any
other Stockholder or any Stockholder's legal counsel, auditors, and accountants,
or any Affiliate that shall agree to be bound by this obligation of
confidentiality, (ii) upon the order of any court or administrative agency,
(iii) upon the request or demand or any regulatory agency or authority (whether
or not such request or demand has the force of law), (iv) that has been publicly
disclosed, other than from a breach of this provision by the Stockholder, (v)
that has been obtained from any Person that is neither a party to this Agreement
nor an Affiliate of any such party, (vi) in connection with the exercise of any
right or remedy hereunder or under any other Transaction Documents (as defined
in the purchase agreement), or (vii) to any stockholder or prospective
stockholder of the Company that agrees to be bound by the obligation of
confidentiality in this Agreement.

                  ss.5. ADDITIONAL LEGEND. So long as any Securities are subject
to the provisions hereof, all certificates or instruments representing
Securities will have imprinted on them the following legend:

                  The shares represented by this certificate are subject to the
                  terms of a certain Stockholder Agreement, dated as of July 23,
                  1996, among the issuer of this certificate and certain
                  stockholders. The Stockholder Agreement contains certain
                  restrictive provisions relating to the voting (including the
                  grant of an irrevocable proxy relative to voting matters) and
                  transfer of shares of the stock represented hereby. A copy of
                  the Stockholder Agreement is on file at the Company's
                  principal offices. Upon written request to the Company's
                  Secretary, a copy of the Stockholder Agreement will be
                  provided without charge to appropriately interested persons.

                  ss.6. SEVERABILITY. Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid.
illegal or unenforceable provision had never been contained herein.

                  ss.7. ENTIRE AGREEMENT. Except as otherwise expressly set
forth herein, this document embodies the complete agreement and understanding
among the parties hereto with respect to the subject matter hereof and thereof
and supersedes and preempts any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

<PAGE>   12

                  ss.8. SUCCESSORS AND ASSIGNS. This Agreement will bind and
inure to the benefit of and be enforceable by the Company and the Stockholders
and their respective heirs, successors and assigns.

                  ss.9. COUNTERPARTS. This Agreement may be executed in separate
counterparts each of which will be an original and all of which taken together
will constitute one and the same agreement.

                  ss.10. REMEDIES. The Stockholders will be entitled to enforce
their rights under this Agreement specifically (without posting a bond or other
security), to recover damages by reason of any breach of any provision of this
Agreement and to exercise all other rights existing in their favor. The parties
hereto agree and acknowledge that money damages may not be an adequate remedy
for any breach of the provisions of this Agreement and that any Stockholder may
in its sole discretion apply to any court of law or equity of competent
jurisdiction for specific performance and/or injunctive relief in order to
enforce or prevent any violation of the provisions of this Agreement. In the
event of any dispute involving the terms of this Agreement, the prevailing party
shall be entitled to collect reasonable fees and expenses incurred by the
prevailing party in connection with such dispute from the other parties to such
dispute.

                  ss.11. NOTICES. Any notice provided for in this Agreement will
be in writing and will be deemed properly delivered if either personally
delivered or sent by telecopier, overnight courier or mailed certified or
registered mail, return receipt requested, postage prepaid to the recipient (a)
if to any Stockholder, at the address listed for such Stockholder in the stock
records of the Company and (b) if to the Company, to it at Microwave Components
Enterprises, Inc., c/o Inmet Corporation, 300 Dino Drive, Ann Arbor, Michigan
48103 (313-426-5553; fax 313-426-5557). Any such notice shall be effective (i)
if delivered personally or by telecopier, when received, (ii) if sent by
overnight courier, when receipted for, and (iii) if mailed, three days after
being mailed first class, certified mail, return receipt requested as described
above. The Company agrees to make available to each Stockholder upon request an
address list of all Stockholders to ensure correct delivery of all notices
hereunder.

                  ss.12. AMENDMENT AND WAIVER. No modification, amendment or
waiver of any provision of this Agreement will be effective against the Company
or the Stockholders unless such modification, amendment or waiver is approved in
writing by the Majority Investor Holders, HI, NCCC and the holders of at least
fifty-one percent (51%) of the total number of then outstanding shares of Common
Stock constituting Securities then held by all Stockholders; provided, however,
that no amendment, modification or waiver of any provision of this Agreement
that adversely affects the rights of one particular Party (as hereinafter
defined) to this Agreement in a manner different from the rights of the other
Parties shall be effective against such adversely affected Party unless approved
in writing by the holders of at least a majority of the outstanding shares of
Common Stock constituting Securities then held by all members of such Party. As
used in this Section 12, the term "Party" means any one of the following
entities or groups: (a) the Company, (ii) the HI Stockholders, (iii) the NCCC
Stockholders and (iv) the

<PAGE>   13

Other Stockholders. The failure of any party to enforce any of the provisions of
this Agreement will in no way be construed as a waiver of such provisions and
will not affect the right of such party thereafter to enforce each and every
provision of this Agreement in accordance with its terms.

                  ss.13. TERMINATION. This Agreement will terminate upon the
earliest to occur of (a) the completion of any voluntary or involuntary
liquidation or dissolution of the Company, (b) the completion of a Qualified
Public Offering, (c) the sale of all or substantially all of the Company's
assets or of a majority of the outstanding Common Stock to a third party
(whether pursuant to a merger, consolidation or otherwise) in accordance with
the terms hereof or (d) a DeMinimus Holding Event. As used in this Section 13, a
"DeMinimus Holding Event" means that the aggregate sum of (i) the number of
shares of any Common Stock owned by the HI Stockholders and the NCCC
Stockholders, plus (ii) the number of shares of Common Stock issuable upon the
exercise of any warrant or warrants owned by the HI Stockholders and the NCCC
Stockholders, is less than one percent (1%) of the then issued and outstanding
shares of Common Stock.

                  SS.14. GOVERNING LAW. ALL QUESTIONS CONCERNING THE
CONSTRUCTION, VALIDITY AND INTERPRETATION OF THIS AGREEMENT WILL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF OHIO, WITHOUT REGARD
TO PRINCIPLES OF CONFLICTS OF LAW.

                  ss.15. DESCRIPTIVE HEADINGS. The descriptive headings of this
Agreement are inserted for convenience only and do not constitute a part of this
Agreement.

                  ss.16. CONSTRUCTION. The language used in this Agreement will
be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction will be applied against any party.

                  ss. 17. WARRANT AGREEMENT. This Agreement, and HI's and NCCC's
being a party to this Agreement, shall in no way be construed as a waiver of, or
an amendment, supplement or other modification of, any provision of any of the
Financing Documents (as defined in the Purchase Agreement).

<PAGE>   14

     IN WITNESS WHEREOF, the parties hereto have executed this Stockholder
Agreement on the day and year first above written.

                                        MICROWAVE COMPONENT ENTERPRISES, INC.

                                        By:  /s/ John L. Smucker
                                           ----------------------------------
                                             JOHN L. SMUCKER

                                        Title:
                                              -------------------------------

                                        By:  /s/ Ronald D. Brooks
                                           ----------------------------------
                                             RONALD D. BROOKS

                                        By:  /s/ Kurt W. Brown
                                           ----------------------------------
                                             KURT W. BROWN

                                        By:  /s/ John K. Cannon
                                           ---------------------------------
                                             JOHN K. CANNON

                                        By:  /s/ Andrew Catalano
                                           ---------------------------------
                                             ANDREW CATALANO (individually and
                                             for his IRA)

                                        By:  /s/ James S. Chapman
                                           ---------------------------------
                                             JAMES S. CHAPMAN

                                        By:  /s/ Jimmy F. Dholoo
                                           ---------------------------------
                                             JIMMY S. DHOLOO

                                        By:  /s/ Michael J. Endres
                                           ---------------------------------
                                             MICHAEL J. ENDRES

                                        By:  /s/ David Freeman
                                           ---------------------------------
                                            DAVID FREEMAN

                                        By:  /s/ George Haddad
                                           ---------------------------------
                                             GEORGE HADDAD

                                        By:  /s/ Hector J. Hoffmaister
                                           ---------------------------------
                                             HECTOR J. HOFFMAISTER

<PAGE>   15

                                       /s/ Henry F. Jacques
                                       -----------------------------
                                       HENRY F. JACQUES

                                       /s/ William Knill
                                       -----------------------------
                                       WILLIAM KNILL

                                       /s/ Frank W. MacLean
                                       -----------------------------
                                       FRANK W. MACLEAN

                                       /s/ Edward J. McCabe
                                       -----------------------------
                                       EDWARD J. MCCABE

                                       /s/ David R. Meuse
                                       -----------------------------
                                       DAVID R. MEUSE

                                       /s/ Geoffrey D. Smith
                                       -----------------------------
                                       GEOFFREY D. SMITH

                                       /s/ John L. Smucker
                                       -----------------------------
                                       JOHN L. SMUCKER

                                       /s/ Timothy E. Solomon
                                       -----------------------------
                                       TIMOTHY E. SOLOMON

                                       /s/ Colleen M. Spencer
                                       -----------------------------
                                       COLLEEN M. SPENCER

                                       /s/ Gerard H. Spencer
                                       -----------------------------
                                       GERARD H. SPENCER

                                       /s/ Robert L. Stephens
                                       -----------------------------
                                       ROBERT L. STEPHENS

                                       /s/ Steven J. Volker
                                       -----------------------------
                                       STEVEN J. VOLKER

                                       /s/ James H. Wolfe
                                       -----------------------------
                                       JAMES H. WOLFE
<PAGE>   16

                                   /s/ Rickey J. Wyatt
                                   ------------------------------
                                   RICKEY J. WYATT

                                   /s/ Al Bauer
                                   ------------------------------
                                   AL BAUER

                                   /s/ Tom Braviak
                                   ------------------------------
                                   TOM BRAVIAK

                                   /s/ Robert Hartwig
                                   ------------------------------
                                   ROBERT HARTWIG

                                   /s/ Ray Kaminsky
                                   ------------------------------
                                   RAY KAMINSKY

                                   /s/ Mike Masterson
                                   ------------------------------
                                   MIKE MASTERSON

                                   /s/ Jim Pelrin
                                   ------------------------------
                                   JIM PELRIN

                                   /s/ Joel Rosenstein
                                   ------------------------------
                                   JOEL ROSENSTEIN

                                   /s/ Carl Schraufnagl
                                   ------------------------------
                                   CARL SCHRAUFNAGL

                                   /s/ Larry Silverman
                                   ------------------------------
                                   LARRY SILVERMAN

                                   /s/ Micheal Snyder
                                   ------------------------------
                                   MICHEAL SNYDER
<PAGE>   17
                              HANIFEN IMHOFF MEZZANINE FUND, L.P.

                              By:     HANIFEN IMHOFF CAPITAL PARTNERS
                                      LLP, its General Partner

                              By:     /s/ Edward C. Brown
                                      ------------------------
                              Title:      MANAGING PARTNER

                              NATIONAL CITY CAPITAL CORPORATION

                              By:     /s/ Richard J. Martinko
                                      ------------------------
                              Title:      MANAGING DIRECTOR
<PAGE>   18

                                                                      SCHEDULE 1
                                                                  TO STOCKHOLDER
                                                                       AGREEMENT

                             Instrument of Accession

                  The undersigned,                       , in order to become
the owner or holder of            shares of Common Stock, without par value per
share (the "Shares"), of Microwave Component Enterprises, Inc., a Michigan
corporation, hereby agrees to become a [HI] [NCCC] [Other] Stockholder party to
that certain Stockholder Agreement, dated as of July 23, 1996 (the "Stockholder
Agreement"), a copy of which is attached hereto. This Instrument of Accession
shall become a part of such Stockholder Agreement.

                  Executed as of the date set forth below under the laws of the
State of Ohio.

                                    Signature:
                                              ------------------------------
                                    Address:
                                            --------------------------------
                                    ----------------------------------------
                                    ----------------------------------------

                                    Date:
                                         -----------------------------------

Accepted:

MICROWAVE COMPONENT ENTERPRISES, INC.

By:
   -------------------------------

Date:
     ---------------------------

<PAGE>   19
                                 FIRST AMENDMENT
                                       TO
                              STOCKHOLDER AGREEMENT

     THIS FIRST AMENDMENT TO STOCKHOLDER AGREEMENT, dated as of June 30, 1998,
is among (i) MCE COMPANIES, INC., a Michigan corporation f/k/a Microwave
Components Enterprises, Inc. (the "Company"), (ii) HANIFEN IMHOFF MEZZANINE
FUND, L.P. ("Hanifen"), (iii) NATIONAL CITY CAPITAL CORPORATION ("NCCC";
together with Hanifen, the "Purchasers", and each individually a "Purchaser"),
and (iv) the Other Stockholders listed on the signature pages hereof who, in the
aggregate, hold in excess of fifty-one percent (51%) of the total issued and
outstanding shares of Common Stock of the Company.

                                    Recitals

     A.   The Company, the Other Stockholders and the Purchasers entered into a
Stockholder Agreement dated as of July 23, 1996, as amended, modified or
supplemented from time to time (collectively, the "Stockholder Agreement"); and

     B.   The parties desire to amend the Stockholder Agreement as set forth
herein;

                                   Agreements

     NOW, THEREFORE, in consideration of the premises and the mutual promises
and agreements hereinafter set forth, the parties hereto agree as follows:

1.   Effect of Amendment; Definitions.

     The Stockholder Agreement shall be and hereby is amended as provided in
Section 2 hereof. Except as expressly amended in Section 2 hereof, the
Stockholder Agreement shall continue in full force and effect in accordance with
its respective provisions on the date hereof. As used in the Stockholder
Agreement, the terms "this Agreement", "herein", "hereinafter", "hereto",
"hereof", and words of similar import shall, unless the context otherwise
requires, mean the Stockholder Agreement as amended and modified by this
Amendment. Capitalized terms that are not otherwise defined herein, have the
meanings ascribed to such terms in the Stockholder Agreement.

2.   Amendments.

     (a)  December 1997 -- Issuances to Certain New Employees.

          (i) Background. Effective December 31, 1997, the Company issued an
aggregate of 334 shares of Common Stock, at a purchase price of $307.30 per
share, to the following individuals:

<PAGE>   20

<TABLE>
<CAPTION>
                 Investor                                    Shares
                 --------                                    ------
<S>                                                          <C>
                 Matthew G. Martin *                             244
                 Shane L. Conley **                               48
                 Joseph P. Lowrey ***                             32
                 Greg Szymanski ***                               10
                                                               -----
                          Total                                  334
                                                               =====
                 ----------
                 *        Employee of the Company.
                 **       Employee of Inmet.
                 ***      Employee of KDI.
</TABLE>

In connection therewith, the Company and each of the foregoing shareholders have
entered into an Instrument of Accession relative to the Stockholder Agreement,
copies of which are attached hereto as Exhibit A. In addition, the Company and
such shareholders entered into the following Shareholders' Agreements, each of
which are substantially in the form of the Other Stockholder Agreements (as
defined in the Stockholder Agreement), copies of which are attached hereto as
Exhibit B (collectively, the "December 1997 Other Stockholder Agreements"): (A)
Shareholders' Agreement, dated April 7, 1998 to be effective as of December 31,
1997, between the Company and Mr. Martin; (B) Shareholders' Agreement, dated
April 3, 1998 to be effective as of December 31, 1997, between the Company and
Mr. Conley; and (C) Shareholders' Agreement, dated April 3, 1998 to be effective
as of December 31, 1997, among the Company and Messrs. Lowrey and Szymanski.

          (ii) Consent and Amendment. For purposes of the Stockholder Agreement
and the HI Warrants and the NCCC Warrants (collectively, the "Warrants"), the
Purchasers, the Company and the Other Stockholders hereby consent and agree as
follows: (A) the purchase price of $307.30 per share is not less than the then
Fair Market Value (as defined in the Warrants); and (B) the December 1997 Other
Stockholder Agreements shall be deemed to be part of the "Other Stockholder
Agreements" (as defined in the Stockholder Agreement) and Messrs. Martin,
Conley, Lowrey and Szymanski shall be deemed to be part of the "Other
Stockholders" (as defined in the Stockholder Agreement).

     (b)  Transfers by Other Stockholders.

          (i) Background. Certain of the Other Stockholders have made or propose
to make certain transfers, by gift, of their shares of Common Stock in a manner
permitted by and in accordance with the Other Stockholder Agreements, as more
fully set forth below:

     Completed Transfers

     *    Ronald D. Brooks transferred 1,600 shares to Amy L. Brooks, 1,600
          shares to Stacey M. Brooks, 1,600 shares to Andrew J. Brooks, and 500
          shares to Jon C. Brooks.

     *    Andrew Catalano proposes transferring 300 shares to the Catalano
          Investment Company, LLC.

<PAGE>   21

     *    Michael J. Endres transferred 10,000 shares to E 5 Limited
          Partnership.

     *    Henry F. Jacques proposes transferring 3,474 shares to the Jacques
          Investment Company, LLC.

     *    David R. Meuse transferred 33,398 shares to Timbertop Investments II,
          Limited Partnership.

     *    John L. Smucker transferred 5,000 shares to the Smucker Family
          Ventures, L.L.C.

     *    Colleen M. Spencer transferred 4,925 shares to the Colleen M. Spencer
          Living Trust, dated October 6, 1993, as amended.

     *    Gerard H. Spencer transferred (i) 300 shares to the John J. Keane
          Education Trust, dated April 3, 1998, (ii) 1,400 shares to the Gerard
          H. and Colleen M. Spencer Family, L.L.C., and (iii) 2,350 shares to
          the Gerard H. Spencer Living Trust, dated January 28, 1988, as
          amended.

     Proposed Transfers

     *    Timothy E. Solomon proposes transferring all or a portion of his 5,525
          shares to the Solomon Investment Company, LLC.

In connection therewith, the Company and each of the foregoing transferees have
entered or will enter into an Instrument of Accession relative to the
Stockholder Agreement in substantially the form of Exhibit C attached hereto. In
addition, the Company and such transferees have entered or will enter into an
Instrument of Accession relative to the Other Stockholder Agreements which
previously governed the shares held by the transferor in substantially the form
of Exhibit D attached hereto.

          (ii) Consent and Amendment. For purposes of clarifying Section 2.1(b)
of the Stockholder Agreement, the Purchasers, the Company and the Other
Stockholders hereby consent and agree that any transfers, by gift, effected by
the Other Stockholders of their shares of Common Stock in a manner permitted by
and in accordance with the Other Stockholder Agreements, whether effected prior
to or after the date hereof (including, without limitation, those transfers
described above in subsection (i)), shall not provide the Purchasers with the
right to purchase any of such shares so transferred under the Stockholder
Agreement.

     (c)  Issuances pursuant to Metelics Merger.

          (i) Background. The Company entered into an Agreement and Plan of
Merger, dated March 16, 1998, with Metelics Corporation, a California
corporation ("Metelics"), and MCE Acquisition No. 1, Inc., a Michigan
corporation and a wholly-owned subsidiary of the Company ("Newco"), pursuant to
which, effective March 16, 1998, Newco merged with and into Metelics with
Metelics becoming the surviving corporation and a wholly-owned subsidiary of the
Company (the "Metelics Merger") and all of the outstanding shares of capital
stock of

<PAGE>   22

Metelics held by the then shareholders of Metelics (the "Metelics Shareholders")
was converted into the right to receive aggregate merger consideration equal to
(A) an aggregate of $20,900,000 in cash, subject to certain working capital
adjustments (the Company and the Metelics Shareholders have agreed that the
final working capital adjustment totaled $311,688, which amount has been paid to
the Metelics Shareholders), and (B) an aggregate of 16,364 shares of the Common
Stock, subject to certain upward adjustments (although, as of the date hereof,
the Company and the Metelics Shareholders have agreed that there will not be any
upward adjustments). In connection therewith, the Company and each of the
Metelics Shareholders have entered into an Instrument of Accession relative to
Stockholder Agreement, copies of which are attached hereto as Exhibit E. In
addition, the Company and each of the Metelics Shareholders entered into a
Shareholders' Agreements, substantially in the form of the Other Stockholder
Agreements (as defined in the Stockholder Agreement), a copy of which is
attached hereto as Exhibit F (collectively, the "Metelics Other Stockholder
Agreement").

          (ii) Consent and Amendment. For purposes of the Stockholder Agreement,
the Warrants and the Stockholder Agreement, the Purchasers, the Company and the
Other Stockholders hereby consent and agree as follows: (A) the issuance of the
shares of Common Stock pursuant to the Merger, which is estimated as of the date
hereof to be valued at $416.27 per share, was effected at a price per share that
is not less than the then Fair Market Value (as defined in the Warrants); and
(B) the Metelics Other Stockholder Agreement shall be deemed to be part of the
Other Stockholder Agreements (as defined in the Stockholder Agreement) and the
Metelics Shareholders shall be deemed to be part of the Other Stockholders (as
defined in the Stockholder Agreement).

3.   Representations and Warranties of the Company.

     (a)  The Company hereby represents and warrants that all representations
and warranties set forth in the Financing Documents, as the same may be amended
hereby, to which it is a party are true and correct in all material respects,
and that this Amendment has been executed and delivered by its duly authorized
officer and constitutes a legal, valid and binding obligation of it, enforceable
against it in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the rights of creditors generally and general principles of equity.

     (b)  The Company hereby represents and warrants that the execution,
delivery and performance by it of this Amendment and its performance of the
Financing Documents, as the same may be amended hereby, to which it is a party
(i) have been duly authorized by all necessary corporate action, (ii) do not
contravene, or constitute a default under, any provision of applicable law or
regulation or of the articles of incorporation or bylaws of the Company, or of
any judgment, injunction, order or decree or of any material agreement or other
material instrument binding upon the Company, and (iii) do not result in the
creation or imposition of any Lien (other than the Permitted Liens) on any asset
of the Company.

4.   Representations and Warranties of the Purchasers.

     Each of the Purchasers hereby severally, and not jointly, represents and
warrants with respect to itself that all representations and warranties set
forth in the Financing Documents, as the same may be amended hereby, to which it
is a party are true and correct in all material
<PAGE>   23

respects, and that this Amendment has been executed and delivered by its duly
authorized officer and constitutes a legal, valid and binding obligation of it,
enforceable against it in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the rights of creditors generally and general
principles of equity.

5.   Counterparts.

     This Amendment may be executed in any number of counterparts, each of which
shall be treated as an original but all of which, collectively, shall constitute
a single instrument.

6.   Miscellaneous.

     (a)  This Amendment shall be governed by and construed in accordance with
the laws of the State of Ohio, without reference to principles of conflict of
laws.

     (b)  This Amendment shall become effective upon the execution and delivery
hereof by NCCC, Hanifen, the Company and that number of the Other Stockholders
holding, in the aggregate, at least fifty-one percent (51%) of the total number
of issued and outstanding shares of Common Stock.

     (c)  Except as expressly set forth in this Amendment, (i) the execution,
delivery and performance by NCCC and Hanifen of this Amendment shall not
constitute or be deemed to be or construed as a waiver of any right, power or
remedy, or a waiver of any provision of the Stockholder Agreement or any other
Financing Document, or a waiver of any Default or any Event of Default, and (ii)
nothing herein shall be deemed to entitle the Company to a future consent to, or
a future waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Stockholder
Agreement or any other Financing Document in similar or different circumstances.
This Amendment is subject to the provisions of Section 13.05 of the Purchase
Agreement.

     (d)  Pursuant to Section 13.13 of the Purchase Agreement, the Company
agrees to pay on demand all reasonable expenses of the Purchasers (including
reasonable fees, charges and disbursements of counsel) in connection with the
preparation, negotiation, execution and delivery of this Amendment.

<PAGE>   24

     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as
of the day and year first above written.

                                         MCE COMPANIES, INC.

                                         By: /s/ John L. Smucker
                                            --------------------
                                            John L. Smucker, President

                                         NATIONAL CITY CAPITAL CORPORATION

                                         By: /s/ Richard J. Martinko
                                             -----------------------
                                             Its: Managing Director

                                         HANIFEN IMHOFF MEZZANINE FUND, L.P.

                                         By: Hanifen Imhoff Capital Partners LLP
                                             Its: General Partner

                                         By: /s/ Edward C. Brown
                                             -------------------
                                             Its: Managing Partner
                                                  ----------------
                                         OTHER STOCKHOLDERS:

                                         /s/ Ronald D. Brooks
                                         --------------------
                                         RONALD D. BROOKS, 28,298 shares

                                         /s/ James S. Chapman
                                         --------------------
                                         JAMES S. CHAPMAN, 14,388 shares
<PAGE>   25

                              /s/ Michael J. Endres
                              --------------------------------------------------
                              MICHAEL J. ENDRES, individually (23,398 shares)
                                and on behalf of E5 Limited Partnership
                                (10,000 shares)

                              /s/ Francis S. Kwan
                              --------------------------------------------------
                              FRANCIS S. KWAN, 3,051.2 shares

                              /s/ David R. Meuse
                              --------------------------------------------------
                              DAVID R. MEUSE, individually and on behalf of
                                Timbertop Investment II, Limited Partnership
                                (33,398 shares)

                              /s/ John L. Smucker
                              --------------------------------------------------
                              JOHN L. SMUCKER, individually (28,398 shares)
                                and on behalf of Smucker Family Ventures, LLC
                                (5,000 shares)

                              /s/ Michael D. Snyder
                              --------------------------------------------------
                              MICHAEL D. SNYDER, 254 shares

                              /s/ Timothy E. Solomon
                              --------------------------------------------------
                              TIMOTHY E. SOLOMON, individually (    shares)
                                and on behalf of Solomon Investment Company, LLC
                                (     shares)

                              /s/ Robert L. Stephens
                              --------------------------------------------------
                              ROBERT L. STEPHENS, 2,000 shares
<PAGE>   26

                                SECOND AMENDMENT
                                       TO
                              STOCKHOLDER AGREEMENT

         THIS SECOND AMENDMENT TO STOCKHOLDER AGREEMENT, dated as of July 28,
1999, is among (i) MCE COMPANIES, INC., a Michigan corporation f/k/a Microwave
Components Enterprises, Inc. (the "Company"), (ii) HANIFEN IMHOFF MEZZANINE
FUND, L.P. ("Hanifen"), (iii) NATIONAL CITY CAPITAL CORPORATION ("NCCC"), (iv)
GREAT LAKES CAPITAL INVESTMENTS I, LLC ("GLCI"), (v) ROCKY MOUNTAIN MEZZANINE
FUND II, L.P. ("Rocky Mountain"; together with Hanifen, NCCC and GLCI, the
"Purchasers", and each individually a "Purchaser"), and (iv) the Other
Stockholders listed on the signature pages hereof who, in the aggregate, hold in
excess of fifty-one percent (51%) of the total issued and outstanding shares of
Common Stock of the Company.

                                    Recitals

         A. The Company, the Other Stockholders, Hanifen and NCCC entered into a
Stockholder Agreement dated as of July 23, 1996, as amended, modified or
supplemented from time to time (collectively, the "Stockholder Agreement"); and

         B. The parties desire to amend the Stockholder Agreement as set forth
herein;

                                   Agreements

         NOW, THEREFORE, in consideration of the premises and the mutual
promises and agreements hereinafter set forth, the parties hereto agree as
follows:

1.       Effect of Amendment; Definitions.

         The Stockholder Agreement shall be and hereby is amended as provided in
Section 2 hereof. Except as expressly amended in Section 2 hereof, the
Stockholder Agreement shall continue in full force and effect in accordance with
its respective provisions on the date hereof. As used in the Stockholder
Agreement, the terms "this Agreement", "herein", "hereinafter", "hereto",
"hereof", and words of similar import shall, unless the context otherwise
requires, mean the Stockholder Agreement as amended and modified by this
Amendment. Capitalized terms that are not otherwise defined herein, have the
meanings ascribed to such terms in the Stockholder Agreement.

2.       Amendments.

         (a)      Section 1 of the Stockholder Agreement is hereby amended by:

                  (i)      inserting in alphabetical order the following
                           definitions:

<PAGE>   27

                  1996 Purchase Agreement. 1996 Purchase Agreement shall mean
the Note, Warrant and Preferred Stock Purchase Agreement dated as of July 23,
1996 among the Company, HI and NCCC, as amended and in effect from time to time.

                  1999 Purchase Agreement. 1999 Purchase Agreement shall mean
the Senior Subordinated Note and Warrant Purchase Agreement dated as of the date
hereof among the Company, RMMF, NCCC and GLCI, as amended and in effect from
time to time.

                  RMMF. RMMF shall mean Rocky Mountain Mezzanine Fund II, L.P.,
a Colorado limited partnership.

                  GLCI. GLCI shall mean Great Lakes Capital Investments I, LLC,
a Delaware limited liability company.

                  (ii) deleting the existing definitions of the following terms
and inserting in lieu thereof the following definitions.

                  HI Securities. HI Securities shall mean (a) the HI Warrants,
(b) the HI Warrant Shares, (c) all other shares of the Company's capital stock
purchased by or issued from time to time to HI or RMMF, (d) all shares of the
Company's capital stock issued or issuable upon conversion of such shares and
(e) all shares of the Company's capital stock issued with respect to such shares
by way of stock dividend or stock split or in connection with any merger,
consolidation, recapitalization or other reorganization affecting the Company's
capital stock. HI Securities will continue to be HI Securities in the hands of
any holder and each transferee thereof will succeed to the rights and
obligations of a holder of HI Securities hereunder, provided that shares of HI
Securities will cease to be HI Securities when transferred (i) to the Company or
(ii) pursuant to a Public Sale.

                  HI Stockholders. HI Stockholders shall mean HI and RMMF for so
long as such Person holds HI Securities and any other Person to whom HI
Securities are transferred in accordance with Section 2 for so long as such
Person holds any HI Securities.

                  HI Warrants. HI Warrants shall mean, collectively, (a) the
warrant of the Company for the purchase of 10,340.28 shares of Common Stock,
subject to adjustment as provided therein, issued to HI pursuant to the 1996
Purchase Agreement, and any warrants issued upon transfer, exchange or
replacement thereof and (b) the warrant of the Company for the purchase of
4,726.80 shares of Common Stock, subject to adjustment as provided therein,
issued to RMMF pursuant to the 1999 Purchase Agreement, and any warrants issued
upon transfer, exchange or replacement thereof.

                  NCCC Securities. NCCC Securities shall mean (a) the NCCC
Warrants, (b) the NCCC Warrant Shares, (c) all other shares of the Company's
capital stock purchased by or issued from time to time to NCCC or GLCI, (d) all
shares of the Company's capital stock issued or issuable upon conversion of such
shares and (e) all shares of the Company's capital stock issued with respect to
such shares by way of stock dividend or stock split or in connection with

                                       2
<PAGE>   28

any merger, consolidation, recapitalization or other reorganization affecting
the Company's capital stock. NCCC Securities will continue to be NCCC Securities
in the hands of any holder and each transferee thereof will succeed to the
rights and obligations of a holder of NCCC Securities hereunder, provided that
shares of NCCC Securities will cease to be NCCC Securities when transferred (i)
to the Company or (ii) pursuant to a Public Sale.

                  NCCC Stockholders. NCCC Stockholders shall mean NCCC and GLCI
for so long as such Person holds NCCC Securities and any other Person to whom
NCCC Securities are transferred for so long as such Person holds any NCCC
Securities.

                  NCCC Warrants. NCCC Warrants shall mean, collectively, (a) the
warrant of the Company for the purchase of 18,382.72 shares of Common Stock,
subject to adjustment as provided therein, issued to NCCC pursuant to the 1996
Purchase Agreement as in effect on the date hereof and any warrants issued upon
transfer, exchange or replacement thereof and (b) the warrants of the Company
for the purchase of 7,142.72 shares and 1,260.48 shares of Common Stock, subject
to adjustment as provided therein, issued to NCCC and GLCI, respectively,
pursuant to the 1999 Purchase Agreement as in effect on the date hereof and any
warrants issued upon transfer, exchange or replacement thereof.

                  Purchase Agreement. Purchase Agreement shall mean,
collectively, the 1996 Purchase Agreement and the 1999 Purchase Agreement.

         (b) Section 4.1(a)(iii) of the Stockholder Agreement is hereby amended
by deleting that clause in its entirety and substituting in lieu thereof the
following:

                  (iii) One individual designated by NCCC, so long as NCCC or
its Affiliates holds any Securities.

         (c) Section 5 of the Stockholder Agreement is hereby amended by
deleting that section in its entirety and substituting in lieu thereof the
following:

                  ss.5. ADDITIONAL LEGEND. So long as any Securities are subject
to the provisions hereof, all certificates or instruments representing
Securities issued after the date hereof will have imprinted on them the
following legend:

                  The shares represented by this certificate are subject to the
                  terms of a certain Stockholder Agreement, dated as of July 23,
                  1996, among the issuer of this certificate and certain
                  stockholders, as amended, modified or supplemented from time
                  to time. The Stockholder Agreement contains certain
                  restrictive provisions relating to the voting (including the
                  grant of an irrevocable proxy relative to voting matters) and
                  transfer of shares of the stock represented hereby. A copy of
                  the Stockholder Agreement is on file at the Company's
                  principal offices. Upon written request to the Company's
                  Secretary, a copy of the Stockholder Agreement will

                                       3
<PAGE>   29

                  be provided without charge to appropriately interested
                  persons.

         (d) Section 11(b) of the Stockholder Agreement is hereby amended by
deleting that clause in its entirety and substituting in lieu thereof "(b) if to
the Company, to it at MCE Companies, Inc., 310 Depot Street, Ann Arbor, Michigan
48104; Telecopier No.: (734) 761-1727."

3.       Representations and Warranties of the Company.

         (a) The Company hereby represents and warrants that all representations
and warranties set forth in the Purchase Agreement to which it is a party are
true and correct in all material respects, and that this Amendment has been
executed and delivered by its duly authorized officer and constitutes a legal,
valid and binding obligation of it, enforceable against it in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the rights of
creditors generally and general principles of equity.

         (b) The Company hereby represents and warrants that the execution,
delivery and performance by it of this Amendment and its performance of the
Purchase Agreement, as the same may be amended hereby, to which it is a party
(i) have been duly authorized by all necessary corporate action, (ii) do not
contravene, or constitute a default under, any provision of applicable law or
regulation or of the articles of incorporation or bylaws of the Company, or of
any judgment, injunction, order or decree or of any material agreement or other
material instrument binding upon the Company, and (iii) do not result in the
creation or imposition of any Lien on any asset of the Company.

4.       Representations and Warranties of the Purchasers.

         Each of the Purchasers hereby severally, and not jointly, represents
and warrants with respect to itself that all representations and warranties set
forth in the Purchase Agreement, as the same may be amended hereby, to which it
is a party are true and correct in all material respects, and that this
Amendment has been executed and delivered by its duly authorized officer and
constitutes a legal, valid and binding obligation of it, enforceable against it
in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the rights of creditors generally and general principles of equity.

5.       Counterparts.

         This Amendment may be executed in any number of counterparts, each of
which shall be treated as an original but all of which, collectively, shall
constitute a single instrument.

6.       Miscellaneous.

                                       4
<PAGE>   30

         (a) This Amendment shall be governed by and construed in accordance
with the laws of the State of Ohio, without reference to principles of conflict
of laws.

         (b) This Amendment shall become effective upon the execution and
delivery hereof by NCCC, Hanifen, RMMF, GLCI, the Company and that number of the
Other Stockholders holding, in the aggregate, at least fifty-one percent (51%)
of the total number of issued and outstanding shares of Common Stock.

         (c) Except as expressly set forth in this Amendment, (i) the execution,
delivery and performance by NCCC, GLCI, RMMF and Hanifen of this Amendment shall
not constitute or be deemed to be or construed as a waiver of any right, power
or remedy, or a waiver of any provision of the Stockholder Agreement or the
Purchase Agreement, or a waiver of any Potential Default or any Event of
Default, and (ii) nothing herein shall be deemed to entitle the Company to a
future consent to, or a future waiver, amendment, modification or other change
of, any of the terms, conditions, obligations, covenants or agreements contained
in the Stockholder Agreement or either Purchase Agreement in similar or
different circumstances. This Amendment is subject to the provisions of Section
13.05 of the Purchase Agreement.

         (d) Pursuant to Section 13.13 of the Purchase Agreement, the Company
agrees to pay on demand all reasonable expenses of the Purchasers (including
reasonable fees, charges and disbursements of counsel) in connection with the
preparation, negotiation, execution and delivery of this Amendment.

                            [SIGNATURES ON NEXT PAGE]

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the day and year first above written.

                             MCE COMPANIES, INC.

                             By: /s/ John L. Smucker
                                 ---------------------------------
                                   John L. Smucker, President

                             NATIONAL CITY CAPITAL CORPORATION

                             By: /s/ Todd S. McCuaig
                                 ----------------------------------
                                   Todd S. McCuaig, Managing Director

                             HANIFEN IMHOFF MEZZANINE FUND, L.P.
<PAGE>   31

                             By:  Hanifen Imhoff Capital Partners LLP
                                     Its:  General Partner

                                      By: /s/ Edward C. Brown
                                          --------------------------
                                            Edward C. Brown, General Partner

                             GREAT LAKES CAPITAL
                             INVESTMENTS I, LLC

                             By:/s/ Todd S. McCuaig
                                -------------------------------------
                                  Todd S. McCuaig, Member

                             ROCKY MOUNTAIN MEZZANINE
                             FUND II, L.P.
                             By: Rocky Mountain Capital Partners
                                    LLP, its General Partner

                                      By: /s/ Stephen N. Sangalis
                                          -----------------------------
                                            Stephen N. Sangalis, General Partner

<PAGE>   32

                             OTHER STOCKHOLDERS:

                             /s/ Ronald D. Brooks
                             --------------------------------------------------
                             RONALD D. BROOKS, 28,298 shares

                             /s/ James S. Chapman
                             --------------------------------------------------
                             JAMES S. CHAPMAN, 14,388 shares

                             /s/ Michael J. Endres
                             --------------------------------------------------
                             MICHAEL J. ENDRES, individually (23,398 shares)
                                and on behalf of E5 Limited Partnership
                                (10,000 shares)

                             /s/ Francis S. Kwan
                             --------------------------------------------------
                             FRANCIS S. KWAN, 3,051.2 shares

                             /s/ David R. Meuse
                             --------------------------------------------------
                             DAVID R. MEUSE, individually and on behalf of
                                Timbertop Investments II, Limited Partnership
                                (33,398 shares)

                             /s/ John L. Smucker
                             --------------------------------------------------
                             JOHN L. SMUCKER, individually (28,398 shares)
                                and on behalf of Smucker Family Ventures, LLC
                                (5,000 shares)

                             /s/ Michael D. Snyder
                             --------------------------------------------------
                             MICHAEL D. SNYDER, 254 shares

                             /s/ Timothy E. Solomon
                             --------------------------------------------------
                             TIMOTHY E. SOLOMON, individually (___ shares)
                             and on behalf of Solomon Investment Company,
                             LLC  (_____ shares)

                             /s/ Robert L. Stephens
                             --------------------------------------------------
                             ROBERT L. STEPHENS, 2,000 shares

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}]]