Document:

<Page>

                                                                  EXHIBIT 10.7.2

                         EXECUTIVE EMPLOYMENT AGREEMENT

     THIS AGREEMENT made as of the 23rd day of January, 2003, by and between
BALLANTYNE OF OMAHA, INC., a Delaware corporation, with its principal offices at
4350 McKinley Street, Omaha, Nebraska 68112 (the "Company"), and Brad J. French,
an individual residing at 1602 Clark Street, Fort Calhoun, Nebraska 68023 (the
"Executive").

                                   WITNESSETH:

     WHEREAS, the Executive has been a key employee of the Company for many
years, and in connection therewith has entered into a number of different
employment agreements with the Company, the latest being an Employment Agreement
made as of May 1, 1998, and amended on October 25, 1999.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
herein contained, the parties agree as follows:

     1.   TERMINATION OF PRIOR EMPLOYMENT AGREEMENT.

          The employment agreement between the Company and the Executive dated
May 1, 1998, is hereby terminated as of January 23, 2003, and shall be of no
force and effect thereafter.

     2.   EMPLOYMENT.

          The Company hereby employs the Executive and the Executive hereby
agrees to be employed by the Company under the terms and conditions hereinafter
set forth.

     3.   DUTIES AND SERVICES.

          3.1  The Executive shall serve as Secretary, Treasurer, Chief
Financial Officer, and/or Chief Operating Officer of the Company, and shall
perform such services as may be assigned to him from time to time by the
President or the Board of Directors.

          3.2  The Executive shall devote his full business time and attention
to the business of the Company and to the promotion of the Company's best
interests, subject to vacations, holidays, normal illnesses and a reasonable
amount of time for civic, community and industry affairs.

          3.3  The Executive shall undertake such travel as may be necessary and
desirable to promote the business and affairs of the Company, consistent with
Executive's position with the Company and travel obligations prior to the
execution of this Agreement. If the Company shall require Executive to relocate
his residence, the Company shall pay

                                        1
<Page>

(or reimburse Executive for) all reasonable moving expenses incurred by
Executive in connection with such relocation.

     4.   COMPENSATION.

          4.1  BASIC COMPENSATION. For all of the services to be rendered by the
Executive in any capacity hereunder, the Company shall pay the Executive salary
at the annual rate of One Hundred Thirty-Five Thousand Dollars ($135,000.00),
and the Company shall review such salary annually as of January 1 during each
subsequent year of this Agreement, but in no event shall the basic compensation
in each subsequent year be less than the aforesaid amount. The compensation paid
hereunder to the Executive shall be paid in accordance with the payroll
practices conducted by the Company and shall be subject to the customary
withholding taxes and other employment taxes as required with respect to
compensation paid by a corporation to an employee.

          4.2  Upon termination of employment for any reason, the Executive
shall be entitled to receive the basic compensation accrued but unpaid as of the
date of termination.

     5.   EXPENSES AND VACATIONS.

          5.1  The Company shall reimburse the Executive for all reasonable and
necessary travel and entertainment expenses incurred by the Executive in the
performance of the Executive's duties hereunder upon submission of vouchers and
receipts evidencing such expenses.

          5.2  The Company agrees to furnish an automobile selected by the
Company for use of the Executive. All expenses for the maintenance, insurance
and upkeep of the automobile shall be borne by the Company.

          5.3  The Executive shall be entitled to vacation during each twelve
(12) months of employment in accordance with applicable Company policy. All
vacations shall be in addition to recognized national holidays. During all
vacations, the Executive's compensation and other benefits as stated herein
shall continue to be paid in full. Such vacations shall be taken only at times
convenient for the Company, as approved by the President.

     6.   OTHER BENEFITS.

          In addition to the compensation and to the rights provided for
elsewhere in this agreement, the Executive shall be entitled to participate in
each plan of the Company now or hereafter adopted for the benefit of executive
employees of the Company, to the extent permitted by such plans and by
applicable law, including, but not limited to, (a) profit sharing plan, (b)
medical expense insurance program, (c) pension plan, and (d) incentive
compensation plan.

                                        2
<Page>

     7.   TERM OF THIS AGREEMENT.

          7.1  Except as otherwise hereinafter specifically provided, the term
of this Employment Agreement shall commence on January 23, 2003, and shall be
for a period of three (3) years thereafter.

          7.2  Notwithstanding anything to the contrary provided herein, either
the Company or the Executive may give the other written notice at least one
hundred twenty (120) days prior to the end of the term, or any extension or
renewal thereof, of such party's intention to negotiate a new Employment
Agreement commencing at the end of the term or to terminate this contract. In
the event that no such notice is given, the term described in Subsection 7.1
above shall automatically continue for an additional year, and this Subsection
7.2 shall be applicable again within such extension.

          7.3  In the event that this Employment Agreement is not renewed and
the Executive is terminated, the Executive will be entitled to severance
benefits pursuant to the Company's severance policy in existence on the date of
termination, but in no event shall Executive receive less than one (1) week of
severance for each year of employment. In addition, all existing insurance
benefits shall remain in force during the severance period.

          7.4  AUTOMATIC EXTENSION IN THE EVENT OF SALE. In the event the
Company shall be sold, either by a sale of assets or corporate stock, the
purchaser shall be required to assume this contract of employment and this
contract shall be automatically extended for a period expiring three (3) years
from the closing date of the sale.

     8.   TERMINATION PRIOR TO THE END OF TERM.

          8.1  TERMINATION DUE TO DEATH OR INCAPACITY. This Agreement shall be
terminated upon the Executive's death or by the Company, at its discretion,
because of the Executive's failure to perform substantially all of the material
duties of his position for a period of at least one hundred eighty (180)
consecutive calendar days due to physical or mental illness or injury.

               8.1.1 If the Company elects to terminate this Agreement because
of the Executive's incapacity, it shall send him written notice thereof, setting
forth in reasonable detail the facts and circumstances that provide a basis for
said termination. If the Company and Executive disagree as to Executive's
incapacity, each may appoint a medical doctor to certify his opinion as to
Executive's incapacity, and if his doctor's do not agree as to Executive's
incapacity, then the two doctors will appoint a third medical doctor to certify
his or her opinion as to Executive's incapacity, and the decision of a majority
of the three doctors will prevail. The Company will bear all expenses for this
procedure.

                                        3
<Page>

               8.1.2 In the event of termination by reason of death, the
Executive's estate shall be paid all accrued sums due and owing under Section 4
above and any benefits provided by the Company under Section 6 above.

               8.1.3 In the event of incapacity, Executive shall continue to
receive his full compensation during the one hundred eighty (180) day period
prior to any notice of termination. After that termination, Executive shall be
entitled to any accrued amounts due and owing him under Section 4 above and such
other benefits as may be provided by Section 6 above.

          8.2  TERMINATION FOR CAUSE.

               8.2.1 The Company may terminate, at any time, the Executive's
employment for cause. The term for "cause" for purposes of this Agreement shall
mean that the Executive did any of the following:

               (a)   Acted dishonestly or incompetently or engaged in willful
                     misconduct in the performance of Executive's duties;

               (b)   Breached fiduciary duties owed to the Company;

               (c)   Intentionally failed to perform reasonably assigned duties;

               (d)   Willfully violated any law, rule, or regulation, or court
                     order (other than minor traffic violations or similar
                     offenses), or otherwise committed any act which would have
                     a material adverse impact on the business of the Company;
                     or

               (e)   Is in breach of this Agreement and such breach is not cured
                     by Executive within ten (10) days' written notice to him.

               8.2.2 Executive shall be sent written notice of termination that
specifically sets forth in reasonable detail the facts and circumstances upon
which the Board of Directors believes that the Executive has given the Company
cause for termination of Executive's employment. Said notice shall give the
Executive an opportunity, together with legal counsel, to be heard before the
Board of Directors of the Company. Termination for cause shall be based on a
finding by two-thirds (2/3) of the Board of Directors (not including Executive,
should he be a member of the Board of Directors), and said Board shall specify
its findings concerning said termination in detail. For purposes of this
Subsection, no acts, or failure to act, on the Executive's part will be
considered willful or willfully done unless done, or admitted to be done, by the
Executive in bad faith and without reasonable belief that the Executive's action
or omission was in the best interest of the Company.

                                        4
<Page>

               8.2.3 Notwithstanding the foregoing, however, any conviction of
the Executive for any criminal act involving any violence, dishonesty, fraud, or
breach of trust or other felonious behavior, shall result in the automatic
termination of Executive's employment, without notice, and without any of the
procedures specified in Subsection 8.2.2 above.

               8.2.4 In the event that the Executive is terminated for cause,
then he shall be entitled to receive any accrued compensation that may be due
and owing him under Section 4 above, but no other benefits or compensation
whatsoever.

          8.3  TERMINATION BY THE EXECUTIVE FOR BREACH BY THE COMPANY. This
Agreement may be terminated by the Executive in the event that the Company
breaches this Agreement and such breach is not cured by the Company within ten
(10) days after written notice, identifying the said breach or breaches in
detail.

          8.4  DATE OF TERMINATION. For purposes of this Agreement, the date of
the termination of Executive's employment ("Date of Termination") will be:

          A.   if Executive's employment is terminated by his death, the end of
               the month in which his death occurs,

          B.   if Executive's employment is terminated for incapacity, thirty
               (30) days after Notice of Termination is given, or

          C.   if Executive's employment is terminated by Executive or the
               Company for any other reason, the date specified in the Notice of
               Termination, which will not be later than thirty (30) days after
               the date on which the Notice of Termination is given.

     9.   EMPLOYMENT BY A SUBSIDIARY.

          Either the Company or a Subsidiary may be Executive's legal employer.
For purposes of this Agreement, any reference to Executive's termination of
employment with the Company means termination of employment with the Company and
all Subsidiaries, and does not include a transfer of employment between any of
them. The obligations created under this Agreement are obligations of the
Company. For purposes of this paragraph, a "Subsidiary" means an entity more
than fifty percent (50%) of whose equity interests are owned directly or
indirectly by the Company.

     10.  RESTRICTIVE COVENANT.

          10.1 NEED FOR PROTECTION. Executive acknowledges that, because of his
Senior Executive position with the Company, his knowledge of the affairs of the
Company and his relations with its dealers, distributors and customers are such
that he could do

                                        5
<Page>

serious damage to the financial welfare of the Company, should he compete or
assist others in competing with the business of the Company. Consequently, and
in consideration of his continued employment with the Company, and for the
benefits he is to receive under this Agreement, and for other good and valuable
consideration, the receipt of which he hereby acknowledges, the Executive agrees
as follows:

          10.2 CONFIDENTIAL INFORMATION.

          A.   NON-DISCLOSURE. Except as the Company may permit or direct in
               writing, during the term of this Agreement and thereafter,
               Executive agrees that he will never disclose to any person or
               entity any confidential or proprietary information, knowledge, or
               data of the Company, which he may have obtained while in the
               employ of the Company, relating to any customers, customer lists,
               methods of distribution, sales, prices, profits, costs,
               contracts, inventories, suppliers, dealers, distributors,
               business prospects, business methods, manufacturing ideas,
               formulas, plans or techniques, research, trade secrets, or know
               how of the Company.

          B.   RETURN OF RECORDS. All records, documents, software, computer
               disks, and any other form of information relating to the business
               of the Company, which are or were prepared or created by
               Executive, or which may or did come into his possession during
               the term of his employment with the Company, including any and
               all copies thereof, shall be returned to or, as the case may be,
               shall remain in the possession of the Company.

          C.   FUTURE EMPLOYMENT. Nothing in this section shall limit the
               Executive's right to carry the Executive's accumulated career
               knowledge and professional skills to any future employment,
               subject to the specific limitations of the foregoing provisions
               of this section and the respective covenants set forth below.

          10.3 COVENANT NOT TO SOLICIT. Executive agrees that he will not, for a
period of one (1) year after his employment with the Company has terminated:

          A.   directly or indirectly, on behalf of himself or any person or
               entity, engage in, or assist any other person or entity to engage
               in, the manufacture, assembly, distribution, or sale to any
               customer, distributor or dealer of the Company, wherever located,
               of said motion picture theater equipment, restaurant equipment,
               or any other type of product manufactured, assembled distributed
               or sold by the Company, if said customer, distributor or dealer
               is one with whom he had contact or on whose account he worked on
               during the twelve (12) months prior to the termination of his
               employment, or,

                                        6
<Page>

          B.   directly or indirectly request or advise any of the aforesaid
               customers, distributors or dealers referred to in Paragraph A.
               above, of this subsection, to curtail their business with the
               Company or to patronize another business which is in competition
               with the Company, or

          C.   directly or indirectly, on behalf of himself or any other person
               or entity, request, advise, or solicit any employee of the
               Company to leave that employment in order to engage in, or assist
               any other person or entity to engage in, competition with the
               Company.

          10.4 TERMINATION WITHOUT CAUSE. It is understood and agreed that, in
the event the Company terminates the Executive's employment without cause, prior
to the expiration of the term of employment specified in this Agreement,
Subsection 10.3 shall be applicable and remain in force and effect for the
greater of the remaining term of Executive's employment under this Agreement, or
one (1) year from the date of termination, whichever occurs later.

          10.5 BREACH OF AGREEMENT BY COMPANY. In the event that the Company
breaches this Agreement, and does not cure said breach after thirty (30) days'
written notice, Subsection 10.3 shall be null and void and of no further force
and effect.

          10.6 JUDICIAL MODIFICATION. In the event that any court of law or
equity shall consider or hold any aspect of this section to be unreasonable or
otherwise unenforceable, the parties hereto agree that the aspects of this
section so found may be reduced or modified by appropriate order of the court,
and shall thereafter continue, as so modified, in full force and effect.

          10.7 INJUNCTIVE RELIEF. The parties hereto acknowledge that the
remedies at law for breach of this section will be inadequate, and the Company
shall be entitled to injunctive relief for violation thereof; provided, however,
that nothing herein shall be construed as prohibiting the Company from pursuing
any other remedies available for such breach or threatened breach, including the
recovery of damages from the Executive.

     11.  INVENTIONS AND DISCOVERIES.

          The Executive hereby sells, transfers and assigns to the Company or to
any person or entity designated by the Company all of the entire right, title
and interest of the Executive in and to all inventions, ideas, disclosures and
improvements, whether patented or unpatented, and copyrightable material made or
conceived by the Executive, solely or jointly, during the term hereof which
relate to the products and services provided by the Company or which otherwise
relate or pertain to the business, functions or operations of the Company. The
Executive agrees to communicate promptly and to disclose to the Company, in such
form as the Executive may be required to do so, all information, details and
data pertaining to such inventions. ideas, disclosures and improvements and to

                                        7
<Page>

execute and deliver to the Company such formal transfers and assignments and
such other papers and documents as may be required of the Executive to permit
the Company or any person or entity designated by the Company to file and
prosecute the patent applications, and, as to copyrightable material, to obtain
copyrights thereof.

     12.  MODIFICATION AND WAIVER.

          No provision of this Agreement may be modified, waived or discharged
unless that waiver, modification or discharge is agreed to in writing by
Executive and that officer as may be specifically designated by the Board of
Directors of the Company. No waiver by either party at any time of any breach by
the other party of, or compliance with, any condition or provision of this
Agreement to be performed by that other party will be deemed a waiver of similar
or dissimilar provisions or conditions at the time or at any prior or subsequent
time.

     13.  CONSTRUCTION.

          This Agreement supersedes any oral agreement between Executive and the
Company and any oral representation by the Company to Executive with respect to
the subject matter of this Agreement. The validity, interpretation, construction
and performance of this Agreement will be governed by the laws of the State of
Nebraska.

     14.  SEVERABILITY.

          If any one or more of the provisions of this Agreement, including but
not limited to Section 10 hereof, or any word, phrase, clause, sentence or other
portion of a provision is deemed illegal or unenforceable for any reason, that
provision or portion will be modified or deleted in such a manner as to make
this Agreement as modified legal and enforceable to the fullest extent permitted
under applicable laws. The validity and enforceability of the remaining
provisions or portions will remain in full force and effect.

     15.  COUNTERPARTS.

          This Agreement may be executed in two (2) or more counterparts, each
of which will take effect as an original and all of which will evidence one and
the same agreement.

     16.  LEGAL FEES.

          If the Company breaches this Agreement or if the Executive's
employment is terminated by the Company other than for Cause or Disability, the
Company will reimburse Executive for all legal fees and expenses reasonably
incurred by Executive as a result of that termination (including all those fees
and expenses, if any, incurred in contesting or disputing the termination or in
seeking to obtain or enforce any right or benefit provided by this Agreement,
unless the Company is the prevailing party in such litigation).

                                        8
<Page>

     17.  SUCCESSORS AND ASSIGNS.

          This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective heirs, beneficiaries, personal
representatives, successors and assigns.

     18.  NOTICE.

          For purposes of this Agreement, notices and all other communications
provided for in this Agreement will be in writing and will be deemed to have
been duly given when delivered or mailed by United States registered mail,
return receipt requested, postage pre-paid, addressed to the respective
addresses set forth on the first page of this Agreement, or to that other
address as either party may have furnished to the other in writing in accordance
with this Section 10, provided that all notices to the Company will be directed
to the attention of the Secretary of the Company, and except that notice of
change of address will be effective only upon receipt.

     19.  REMEDIES OF EXECUTIVE.

          In the event that the Executive makes any claim or demand based upon
this Agreement, or the breach thereof, the Executive hereby agrees that the
damages which he may recover shall be limited to the maximum amount of benefits
to which he could possibly be entitled under this Agreement.

     20.  ENTIRE AGREEMENT.

          This Agreement contains the entire agreement of the parties. All prior
arrangements or understandings are merged herein. It may not be changed orally,
but only by an agreement in writing signed by the party against whom enforcement
of any waiver, change, modification, extension or discharge is sought.

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

                                        BALLANTYNE OF OMAHA, INC.

                                   By:  /s/ John Wilmers
                                        -------------------------------------
                                        President

                                        /s/ Brad J. French
                                        -------------------------------------
                                        Brad J. French, Executive

                                        9<Page>

                                                                    EXHIBIT 10.8

                              ASSET SALE AGREEMENT

PARTIES:

     Agreement made and entered into this 31st day of December, 2002, by and
between BALLANTYNE OF OMAHA, INC., a Delaware corporation with its principal
place of business at 4350 McKinley Street, Omaha, Nebraska 68112, ("Seller"),
and STRONG AUDIOVISUAL INCORPORATED, a Florida corporation ("Purchaser"), with
its principal place of business at 901 Central Florida Parkway, Orlando, Florida
32824.

RECITALS:

     This Agreement is made with reference to the following facts and
objectives:

     A.   Seller owns and operates an audiovisual rental division under the
          trade name of "Strong Communications."

     B.   Seller desires to sell all of the furniture, fixtures, equipment and
          other operating assets of the Strong Communications division as a
          going concern owned by it on the terms and conditions set forth in
          this Agreement.

     C.   Purchaser desires to purchase all of the furniture, fixtures,
          equipment and other operating assets of the Strong Communications
          division as a going concern owned by Seller on the terms and
          conditions set forth in this Agreement.

AGREEMENT:

     NOW, THEREFORE, in consideration of the recitals and the mutual agreements,
provisions and covenants herein contained, Seller and Purchaser hereby agree as
follows:

     1.   SALE OF ASSETS. Subject to the terms and conditions of this Agreement,
          Seller agrees to sell, assign, transfer and deliver to Purchaser, and
          Purchaser shall buy, accept and receive from Seller on the closing
          date the following described property and assets (collectively the
          "Assets"), free and clear of all liens and encumbrances.

          1.1  FURNITURE, FIXTURES AND EQUIPMENT. All items of machinery,
               equipment, furniture, fixtures, maintenance supplies, and other
               tangible personal property used in connection with the operation
               of the Strong Communications division and owned by Seller
               (collectively the "Equipment"), including, but not limited to,
               those listed on Exhibit "1" which shall be prepared jointly by
               Seller and Purchaser as a post-execution matter, as provided in
               Section 11, and shall be attached hereto and incorporated by this
               reference.
<Page>

          1.2  LEASES, SERVICE AGREEMENTS, AND OTHER CONTRACTS. Purchaser shall
               assume all of Seller's right, title, interest in, to and under
               the Leases, Service Agreements and Contracts, written or oral,
               express or implied, and all amendments, modifications,
               supplements and extensions thereof, currently in effect with
               respect to the operation of the Strong Communications division,
               and as listed on Exhibit "2", which shall be prepared by Seller
               and Purchaser as a post-execution matter, as provided in
               Section 11, and shall be attached hereto and incorporated herein
               by this reference. At closing, Purchaser shall, in writing,
               assume such Leases, Services Agreements and Contracts.

          1.3  INTELLECTUAL PROPERTY. All (a) trademarks, trade names,
               service marks, logos, licenses and labels, together with all
               translations, adaptions, derivations and combinations thereof
               and including all goodwill associated therewith, and all
               applications, registrations, and renewals in connection
               therewith, (b) copyrightable works, all copyrights, and all
               applications, registrations, and renewals in connection
               therewith, (c) trade secrets and confidential business
               information (including ideas, know-how, technical data,
               customer and supplier lists, pricing and cost information, and
               business and marketing plans and proposals), (d) computer
               software, and (d) other proprietary rights owned by Seller in
               connection with the operation of the Strong Communications
               division, including, but not limited to, the U.S. trademark
               "Strong Communications."

          1.4  BOOKS AND RECORDS. Copies, and to the extent reasonably
               necessary or appropriate, originals, of those books, records
               and other documents pertaining to the Assets or the Strong
               Communications division, as Purchaser may reasonably request,
               whether at Closing or at any time thereafter.

          1.5  GOODWILL; ALL OTHER PROPERTY. All of the goodwill of the
               Strong Communications division as a going concern, and all
               other property, whether personal or real, tangible or
               intangible, wherever located, to the extent not referred to in
               Sections 1.1 through 1.4 above, and to the extent in existence
               and pertaining or attributable to the Strong Communications
               division; provided, however, that Purchaser shall not assume
               or otherwise acquire any contracts or leases not expressly
               listed on Exhibit "3".

     2.   CONSIDERATION PAYABLE TO SELLER BY PURCHASER FOR ASSETS.

          2.1  PURCHASE PRICE. Subject to the terms and conditions of this
               Agreement, and in reliance upon the representations and
               warranties of Seller herein contained, and in consideration of
               the sale, assignment, transfer and delivery of the Assets by
               Seller to Purchaser, pursuant to Section 1 hereof, Purchaser
               agrees to purchase the Assets from Seller and to pay to Seller
               the sum of Two Hundred Thousand Dollars ($200,000.00).

          2.2  PAYMENT OF PURCHASE PRICE. The Purchase Price is to be paid by
               means of wire transfer.

          2.3  ADDITIONS TO AND REDUCTIONS OF THE PURCHASE PRICE.

               2.3.1   All prepaid items of income and expense, including, but
                       not limited to, rental payments or deposits under leases,
                       utility charges, service contracts and prepaid
                       maintenance charges shall be prorated based upon portions
                       of particular periods following before and after the
                       Closing Date.

               2.3.2   All personal property taxes which are applicable to the
                       purchased Assets shall be prorated to the date of
                       closing.

                                        2
<Page>

               2.3.3   Utilities shall be read and transferred to Purchaser as
                       near as practicable to the Closing Date. All utility or
                       other deposits previously made by Seller will remain the
                       property of Seller, and Purchaser will have no interest
                       therein unless Purchaser reimburses Seller for such
                       deposits at closing.

               2.3.4   The net proration as determined in accordance with
                       Sections 2.3.1, 2.3.2, and 2.3.3 shall be paid or
                       credited at the closing.

          2.4  ASSUMPTION OF LIABILITIES. Notwithstanding any other provision of
               this Agreement, Purchaser does not assume and shall not be deemed
               to have assumed any liability or obligation of Seller not listed
               on Exhibit "2", unless expressly assumed pursuant to written
               instruments executed and delivered by Purchaser at the closing
               (collectively the "Assumed Liabilities"). Purchaser will not
               assume or have any responsibility, however, with respect to
               any other obligation or liability of Seller not included
               within the determination of Assumed Liabilities, including,
               but not limited to:

               2.4.1   Any liability or obligation of Seller for any taxes
                       (including interest and penalties thereon) or deferred
                       taxes imposed on or measured by Seller's income for any
                       period or periods ending before or after the closing
                       date, including federal, state and local income taxes,
                       withholding taxes, Social Security taxes, and other
                       similar taxes.

               2.4.2   Any liability or obligation of Seller for any sales, use
                       or gross receipts tax payable by Seller with respect to
                       any period or transaction ending or occurring before the
                       Closing Date.

               2.4.3   Any liability or obligation of Seller for any accounts
                       payable or under any loan agreement or lease agreement,
                       except as otherwise specifically provided for herein.

               2.4.4   Any liability or obligation of Seller relating to any
                       employee salaries, wages, benefits, commissions,
                       bonuses, insurance claims, payroll taxes or the like
                       with respect to any period or transaction ending or
                       occuring before the Closing Date.

     3.   CLOSING.

          3.1  CLOSING. Subject to the terms and conditions contained in this
               Agreement, the transfer of the Assets to Purchaser by Seller and
               the consummation of the transactions contemplated by this
               Agreement (the "Closing") will take place by means of exchanging
               of documents and a wire transfer of funds on a date to be
               mutually determined, but no later than December 30, 2002, (such
               date of closing, or if the closing is advanced or postponed under
               this Section 3.1, then the date to which it is advanced or
               postponed, being herein referred to as the "Closing Date").

          3.2  PURCHASER'S OBLIGATIONS AT CLOSING. At the closing, Purchaser
               shall:

               3.2.1   PAYMENT. Pay to Seller by wire transfer the purchase
                       price due, pursuant to Section 2.2.1 of this Agreement.

                                        3
<Page>

               3.2.2   INSTRUMENTS OF ASSUMPTION. Deliver such instruments as
                       may be reasonably required for Purchaser to assume all of
                       Seller's obligations that Purchaser has agreed to assume
                       as set forth on Exhibit "2".

               3.2.3   RESOLUTION. Deliver a copy of the Resolution of the Board
                       of Directors of Purchaser authorizing the transactions
                       contemplated by this Agreement, certified by the
                       Secretary.

               3.2.4   CERTIFICATE OF GOOD STANDING. Deliver a Certificate of
                       Good Standing from the Florida Secretary of State.

          3.3  SELLER'S OBLIGATIONS AT THE CLOSING. At the closing, Seller shall
               deliver or cause to be delivered to Purchaser:

               3.3.1   INSTRUMENTS OF CONVEYANCE.Assignments, bills of sale with
                       covenants of warranty, notices, consents, assurances and
                       such other instruments of transfer as counsel for
                       Purchaser shall reasonably request and as shall be
                       effective to vest in Purchaser good and sufficient title
                       to all of the Assets of which Seller has agreed to sell,
                       assign, transfer and deliver to Purchaser, pursuant to
                       this Agreement, free and clear of all security interests,
                       claims, liens and encumbrances.

               3.3.2   ASSIGNMENTS OF LEASE. Execute and deliver to Purchaser an
                       Assignment of lease, assigning Seller's interest in the
                       Lease for the premises located at 901 Central Florida
                       Parkway, Orlando, Florida, and I-595 Business Plaza,
                       Broward County, Florida, in the form of Exhibits "3" and
                       "4" attached hereto and incorporated herein by this
                       reference.

               3.3.3   RESOLUTION. A copy of the Resolution of the Board of
                       Directors of Seller authorizing the transactions
                       contemplated by this Agreement, certified by the
                       Secretary.

     4.   REPRESENTATIONS AND WARRANTIES OF SELLER. Seller hereby represents and
          warrants to Purchaser that each of the following is true and complete:

          4.1  ORGANIZATION, GOOD STANDING AND CORPORATE POWER. Seller is a
               corporation duly organized, validly existing and is in good
               standing under the laws of the State of Delaware, and is
               qualified to do business in each State in which it is presently
               conducting business, and has the corporate power to own, operate
               and lease its property and carry out the Strong Communications
               division's business as now being conducted.

                                        4
<Page>

          4.2  CORPORATION AUTHORIZATION; BINDING EFFECT. The execution,
               delivery and performance of this Agreement and the transactions
               contemplated hereby by Seller have been duly authorized by the
               Board of Directors of Seller. A Corporate resolution reflecting
               the foregoing shall be delivered to Purchaser at closing. This
               Agreement and the other Agreements or instruments executed or to
               be executed in connection with the transactions contemplated
               hereby to which Seller is a party, and the consummation of the
               transactions as contemplated hereby have been duly and validly
               authorized by all necessary corporate action on the part of
               Seller, and constitutes the valid and legally binding obligations
               of Seller enforceable against Seller in accordance with their
               respective terms.

          4.3  TITLE AND CONDITION OF ASSETS. Seller has good and marketable
               title to all of the Assets and will deliver the Assets to
               Purchaser at the closing, free and clear of any liens,
               encumbrances, restrictions, defects, claims and security
               interests whatsoever. The Assets are being sold in "as-is"
               condition without any representation or warranty as to their
               condition.

          4.4  DISCLOSURE AND RELIANCE. Seller has disclosed to Purchaser all
               adverse matters actually known to Seller which would materially
               effect the operation of the Strong Communications division.
               Representations and warranties made by Seller herein have been
               made with the knowledge and expectation that Purchaser is placing
               reliance thereon.

          4.5  CUSTOMER LISTS. Seller has the right to use, free and clear of
               any claims or rights of others, all customer lists employed by it
               in carrying on the business of the Strong Communications division
               in the manner presently conducted.

     5.   COVENANTS OF SELLER. Seller covenants and agrees that:

          5.1  CONDUCT OF BUSINESS. At all times as of the date hereof and up to
               the Closing Date, except to the extent Seller obtains the
               specific written approval of Purchaser, Seller will operate the
               Strong Communications division only in the usual, regular and
               ordinary manner and, to the extent consistent with such
               operations, use its best efforts to preserve its present business
               intact, keep available the services of its present employees, and
               preserve its present relationships with persons having business
               dealings with it.

     6.   CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER. The obligations of
          Purchaser to purchase the Assets from Seller is subject to
          satisfaction, on or before the Closing Date, of all of the following
          conditions, which conditions may be waived in writing by Purchaser:

                                        5
<Page>

          6.1  ACCURACY OF REPRESENTATIONS AND WARRANTIES. The representations
               and warranties of Seller contained in this Agreement shall have
               been true, in all material respects when made and, in addition,
               shall be true in all material respects on and as of the Closing
               Date with the same force and effect as is made on and as of the
               Closing Date.

          6.2  PERFORMANCE OF AGREEMENTS. Seller shall have performed all
               obligations and agreements hereunder and shall have complied with
               all covenants and conditions contained in this Agreement to be
               performed and complied with by it at or prior to the Closing
               Date.

          6.3  DAMAGE TO PROPERTY. If, prior to the Closing Date, any material
               part of the Assets is damaged by fire, or other casualty, or in
               any cause or activity, Seller shall forthwith give Purchaser
               written notice thereof and Purchaser may, at its option,
               terminate this Agreement by written notice to Seller not later
               than five (5) days after receipt of Seller's notice and upon
               giving such notice, both parties shall be fully discharged from
               all duties hereunder and all obligations hereof. However, if
               Purchaser shall not so elect, or if an immaterial part of the
               Assets is damaged, then Seller hereby assigns to Purchaser all of
               its right, title and interest in and to any and all insurance
               proceeds payable by reason of such destruction or damage to the
               Assets, and Seller hereby agrees to pay to Purchaser a sum equal
               to the deductible amount provided in such policies to the extent
               necessary to correct such damage.

          6.4  NO MATERIAL ADVERSE CHANGES. There should not have been, between
               the date of this Agreement and the Closing Date, any material
               adverse change in any of the Assets or the current operations of
               the Strong Communications division.

     7.   EXPENSES. Except as otherwise provided in this Agreement, each party
          shall pay its respective expenses, taxes, charges and liabilities
          incurred in connection with or arising out of this Agreement,
          including, without limitation thereto, counsel fees, accounting fees,
          and other expenses related to the assignment and delivery of the
          Assets to Purchaser.

     8.   POSSESSION. Possession of the Assets shall be delivered to Purchaser
          at closing.

     9.   EMPLOYEES. Prior to closing, Purchaser shall have the right to
          interview Seller's employees for purposes of determining which of the
          employees will be retained by Purchaser. Purchaser shall have no
          obligation to retain any such employees, except to the extent any
          agreement that Purchaser, in its sole discretion, may make with any
          particular employees. Seller agrees to pay all salaries, wages,
          commissions and bonuses due to all of its employees up to closing, and
          shall make all payroll tax payments or deposits required with respect

                                        6
<Page>

          thereto. Seller agrees to hold Purchaser harmless as to any liability
          related to such employees while in the employ of Seller prior to
          closing, including, but not limited to, insurance claims for workman's
          compensation benefits or medical claims under Seller's group and
          accident insurance plan.

     10.  ACCOUNTS RECEIVABLE. Purchaser shall assist Seller in the collection
          of all accounts receivable due and owing from the operation of the
          Strong Communications division through the Closing Date. All amounts
          collected by Purchaser on Seller's behalf shall be applied to the
          oldest outstanding invoices on said account due and owing Seller on
          the Closing Date. Purchaser shall remit said collections weekly to
          Seller. Seller shall have access to Purchaser's cash receipts journal
          and bank deposits until the balance of said accounts receivable have
          been collected.

     11.  POST-EXECUTION MATTERS. Within five (5) days of the execution of this
          Agreement, each party responsible for the preparation of Exhibits "1"
          and "3" hereto shall deliver such exhibits to the other party, and
          such exhibits shall be attached to this Agreement and incorporated
          herein by this reference.

     12.  MISCELLANEOUS. The following miscellaneous provisions shall apply to
          this Agreement:

          12.1 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
               among the parties hereto with respect to the subject matter
               hereof and supersedes all prior agreements and understandings,
               oral and written, among the parties, with respect to the subject
               matter of this Agreement.

          12.2 BINDING EFFECT. This Agreement shall be binding upon and inure to
               the benefit of the parties and their respective successors and
               assigns. Except as otherwise specifically provided herein, no
               person shall take any act which would allow any right hereunder
               to be assigned or held by any other person without the written
               consent of the other party hereto.

          12.3 NOTICES. All notices which are required or may be given pursuant
               to the terms of this Agreement shall be in writing and shall be
               sufficient in all respects if given in writing and delivered in
               person or mailed by registered, certified or express mail,
               postage-prepaid, as follows:

               To Seller:   Ballantyne of Omaha, Inc.,
                            Attention: John P. Wilmers
                            4350 McKinley Street
                            Omaha, Nebraska 68112

                                        7
<Page>

               with a copy to:

                            Marks Clare & Richards, L.L.C.
                            Attention: Myron J. Kaplan
                            11605 Miracle Hills Drive, Suite 300
                            Omaha, Nebraska 68154

               and if to Purchaser:

                            Strong Audiovisual Incorporated
                            901 Central Florida Parkway
                            Orlando, Florida 32824

               or at such other address as either party hereto shall designate
               by notice in writing to the other party hereto.

          12.4 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS. All
               representations, warranties and covenants made in or pursuant to
               this Agreement shall survive the closing hereunder.

          12.5 GOVERNING LAW. This Agreement shall be construed, interpreted and
               the rights of the parties are determined in accordance with the
               laws of the State of Nebraska. (Without reference to "choice of
               law" provisions in Nebraska law.)

          12.6 FURTHER ASSURANCES. Each of the parties hereto agree that they
               shall sign such additions and supplemental documents as may be
               necessary to implement the transactions contemplated pursuant to
               this Agreement when requested to do so by any party to this
               Agreement.

     IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto at the place and date specified immediately adjacent to their respective
names.

                                      BALLANTYNE OF OMAHA, INC., ("Seller")

Executed at Omaha NE,            By:  /s/ John P. Wilmers
on 12-27, 2002.                       ------------------------------------------
                                 Its  President
                                      ------------------------------------------

                                      STRONG AUDIOVISUAL INCORPORATED
                                      ("Purchaser")

Executed at Orlando FL,          By:   /s/ Thomas R. Wilmers
on 12-19, 2002.                       ------------------------------------------
                                 Its  President & CEO
                                      ------------------------------------------

                                        8
<Page>

                                  (Exhibit "4")
                               ASSIGNMENT OF LEASE

     FOR VALUE RECEIVED, the undersigned, BALLANTYNE OF OMAHA, INC., a Delaware
corporation, hereby assigns to STRONG AUDIOVISUAL INCORPORATED, a Florida
corporation, all of its right, title and interest in and to that certain Lease
Agreement dated March 28, 1998, (the "Lease"), for the lease of certain real
property located at 901 Central Florida Parkway, Orlando, Florida, between
Charles Frazee, (as "Lessor"), and Ballantyne of Omaha, Inc., (as "Lessee. Said
Assignment is subject to the Sublease of Skytracker of Florida, L.L.C.

     IN WITNESS WHEREOF, the undersigned has executed this Assignment this
31st day of December, 2002.

                                      BALLANTYNE OF OMAHA, INC.,
                                      a Delaware corporation

                                 By:  /s/ John Wilmers
                                      ------------------------------------------
                                 Its  President
                                      ------------------------------------------

                       ACCEPTANCE AND ASSUMPTION AGREEMENT

     The undersigned hereby accepts the foregoing Assignment and hereby assumes
and agrees to perform all of the obligations of Ballantyne of Omaha, Inc., a
Delaware corporation, under the Lease, including, but not limited to, payments
of rent and other charges under the Lease arising from and after the date
hereof, and to indemnify and hold Ballantyne of Omaha, Inc. harmless therefrom.

     IN WITNESS WHEREOF, the undersigned has executed this Acceptance and
Assumption Agreement this 31st day of December, 2002.

                                      STRONG AUDIOVISUAL INCORPORATED

                                 By:  /s/ Thomas R. Wilmers
                                      ------------------------------------------
                                 Its: President & CEO
                                      ------------------------------------------

<Page>

                                    GUARANTY

     The undersigned, in consideration of and as an inducement for Ballantyne of
Omaha, Inc.'s execution of this Assignment of Lease, and being financially
interested in the success of Strong Audiovisual Incorporated, hereby
unconditionally guarantees to Ballantyne of Omaha, Inc., its successors and
assigns, the timely payment of all sums due Lessor under said Lease and the
prompt and full performance of all covenants and conditions to be performed by
the lessee under said Lease. The undersigned acknowledges and agrees that he
shall remain bound hereunder regardless of any waiver, release, forbearance,
extension of time or other action taken or permitted by Ballantyne of Omaha,
Inc., or the Lessor and regardless of any permitted subletting or assignment
hereof by Strong Audiovisual Incorporated.

     Dated this 31st day of December, 2002.

                                      /s/ Thomas R. Wilmers
                                      ------------------------------------------
                                      Thomas R. Wilmers

                         CONSENT OF LESSOR TO ASSIGNMENT

     The undersigned Lessor hereby consents to the above Assignment upon the
expressed terms and conditions that the original Lessee, Ballantyne of Omaha,
Inc., shall remain liable for the prompt payment of the rent and the performance
of all conditions and covenants of the Lease by the Lessee to be kept and
performed. Lessor does not hereby consent to any further assignment or to any
subletting of the premises, without the written consent of Lessor.

     Dated this 31st day of December, 2002.

                                      /s/ Charles Frazee
                                      ------------------------------------------
                                      Charles Frazee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}]]