Document:

Exhibit ____

                     AGREEMENT TO JOIN IN THE FILING OF
                      CONSOLIDATED INCOME TAX RETURNS

                  THIS AGREEMENT is made and entered into this 14th day of
December 2001, by and between Jordan Industries, Inc., an Illinois
corporation (the "Company"), and each of the parties a signatory hereto
(hereinafter collectively referred to as the "Subsidiary")

                  WITNESSETH:

                  WHEREAS, the Company is the owner of 80% or more of the
outstanding shares of the capital stock of the Subsidiary and may,
therefore, include the income and expense of the Subsidiary in the
Company's consolidated Federal income tax returns; and

                  WHEREAS, the parties hereto desire to consolidate such
returns upon the terms and conditions herein set forth;

                  NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements herein set forth, the parties hereto do
hereby agree as follows:

                   1.    Filing and Preparation of Future Returns. The
Subsidiary agrees to consent to the joining with the Company and its other
consolidated subsidiaries (the Company, Subsidiary and each of the other
consolidated subsidiaries are hereinafter referred to as the "Group") in
the filing of consolidated Federal income tax returns for the taxable year
ending December 31, 2002, and each taxable year thereafter, in accordance
with applicable income tax laws and regulations. The Company agrees that it
will prepare and file in a timely manner all Federal and other income tax
returns required to be filed on behalf of the Company and its consolidated
subsidiaries, including the Subsidiary, and will pay the taxes shown to be
due thereon.

                  2.     Estimated Tax Payments; Tax Benefit Reimbursements.

                         (a)  On or before the 10th day prior to the due
       date of any estimated tax payment on account of the consolidated tax
       liability of the Group for a taxable year, the Subsidiary shall pay
       to the Company an amount equal to the Subsidiary's separate return
       tax liability, as defined in Treasury Regulations
       ss.1.1552-1(a)(2)(ii) (the "Separate Return Tax Liability")
       multiplied by a fraction the numerator of which equals one and the
       denominator of which equals the total number of estimated tax
       payments to be made on account of the consolidated tax liability of
       the Group for such taxable year. If the estimated tax payment of the
       Group is based upon the prior taxable year's consolidated tax
       liability, the Subsidiary's payment under this Paragraph shall be
       determined by using its Separate Return Tax Liability for such prior
       year, and if such estimated tax payment is based upon the current
       year's tax liability, the Subsidiary's payment under this Paragraph
       shall be determined by using its estimated separate return tax
       liability for such current year.

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                         (b) In the event that the sum of any payments
       based on estimated amounts made by the Subsidiary in a taxable year
       under Paragraph 2(a) exceeds the Subsidiary's final Separate Return
       Tax Liability for such taxable year, the Company shall pay to the
       Subsidiary the amount of such excess on or before the date 15 days
       prior to the due date for the filing of the consolidated Federal
       income tax return to which such excess relates. In the event that the
       final Separate Return Tax Liability of the Subsidiary for a taxable
       year exceeds the sum of any payments based on estimated amounts made
       by the Subsidiary under Paragraph 2(a) for such taxable year, the
       Subsidiary shall pay such excess to the Company on or before the date
       15 days prior to the due date for the filing of the consolidated
       Federal income tax return to which such excess relates.

                         (c) In addition to any amounts which may be
       payable by the Company to the Subsidiary under Paragraph 2(b), the
       Company shall also reimburse the Subsidiary for the amount by which
       the Group's income taxes are reduced as a result of the
       consolidation of the Subsidiary in the Group's income tax return,
       such reimbursement to be made within 30 days after the filing of the
       consolidated Federal income tax return in which such tax reduction
       is reflected. In the event the computation of the Subsidiary's
       income tax liability under Paragraph 2(a) above shall reflect that
       the Subsidiary incurred a loss for any year, and that the Subsidiary
       would have been due a Federal income tax refund as a result of
       certain loss carryback provisions of the Internal Revenue Code or
       any other provisions of the Internal Revenue Code, then the Company
       shall pay to the Subsidiary an amount equal to such hypothetical
       income tax refund plus the amount of any estimated tax payments for
       such year made by the Subsidiary to the Company; provided, however,
       in no event shall the Company be required to make any payment
       hereunder in excess of the aggregate of (i) all such estimated tax
       payments for such year made by the Subsidiary to the Company, (ii)
       all payments for such year made by the Subsidiary to the Company
       pursuant to Paragraph 2(b) hereof and (iii) any reduction in the
       taxes of the Company resulting from such loss of the Subsidiary.

                         (d) Any payments or reimbursements hereunder shall
       be computed by the independent public accountants of the Company, in
       accordance with generally accepted accounting principles and
       applicable tax laws, rules and regulations.

                   3. Other Income Taxes. In the event there shall be
imposed on the Subsidiary any state or local tax based on net income to
which the same or similar principles of consolidated income taxation such
as those presently in effect under Federal income tax rules may be applied
and practical, the Subsidiary and the Company agree that the above
agreements shall also be applicable with respect to such state or local
income taxes.

                  4. Termination. This agreement shall continue in effect
until terminated by written agreement between the parties hereto.

                  5. Entire Agreement. This agreement constitutes the entire
agreement between the parties hereto pertaining to the subject matter
hereof and supersedes and cancels any and all such previous written or oral
agreements between the parties hereto.

                  6. Governing Law.  This agreement shall be governed by the
internal laws of the state of Delaware.

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

                          JORDAN INDUSTRIES, INC.

                          By:
                             ----------------------------------------------
                          Name:  Gordon L. Nelson, Jr.
                          Title: Senior Vice President

                          MOTORS AND GEARS HOLDINGS, INC.
                          KINETEK, INC.
                          KINETEK INDUSTRIES, INC.
                          FIR Group Holdings, Inc.
                          FIR Group Holdings Italia, S.r.l. (Italian LLC)
                          Construgioni Italiane Motori Elettrici, S.p.A.
                          (Italian Corporation)
                          SelinSistemi, S.p.A. (Italian Corporation)
                          FIR Electromeccanica, S.p.A. (Italian Corporation)
                          T.E.A. Technologie Electromeccaniche ed Automazione,
                          S.r.l. (Italian LLC)
                          Motion Holdings, Inc.
                          Motion Control Engineering, Inc.
                          Merkle-Korff Industries, Inc.
                          Merkle-Korff de Mexico S.A. de C.V
                          The Imperial Electric Company
                          Gear Research, Inc.
                          Advanced D.C. Holdings, Inc.
                          Advanced D.C. Motors, Inc.
                          Sermed S.A.R.L.
                          Advanced D.C. Motors GmbH
                          Electric Vehicle Components Ltd.
                          Electrical Design and Control Company

                          By:
                              --------------------------------------------
                          Name:   Gordon L. Nelson, Jr.
                          Title:  Vice PresidentAGREEMENT

     THIS  AGREEMENT  entered  into this 14th day of March 2002,  by and between
Cooperative Bank for Savings, Inc., SSB, (hereinafter referred to as the "Bank")
and Todd L. Sammons (hereinafter referred to as the "Employee").

     WHEREAS,  the Employee has  heretofore  been employed by the Bank as Senior
Vice-President, Chief Financial Officer.

     WHEREAS,  the Bank deems it to be in its best  interest  to enter into this
Agreement  as  additional  incentive to the Employee to continue as an executive
employee of the Bank; and

     WHEREAS,   the  parties   desire  by  this   writing  to  set  forth  their
understandings  as to their  respective  rights and  obligations in the event of
termination of Employee's  employment under the  circumstances set forth in this
Agreement.

     NOW, THEREFORE, it is AGREED as follows:

     1.   PAYMENT IN THE EVENT OF CHANGE IN CONTROL.

          (a)  In  the  event  of  the  involuntary  termination  of  Employee's
employment  with the Bank in  connection  with,  or within one year  after,  any
change in control  of the Bank,  Employee  shall be paid an amount  equal to one
times the total  cash  compensation  paid to such  Employee  during the 12 month
period preceding such termination, but in no event in an amount greater than the
product  of 2.99  and  the  Employee's  "base  amount"  as  defined  in  Section
280G(b)(3) of the Internal  Revenue Code of 1986, as amended.  Said sum shall be
paid in one lump sum  within  thirty  (30)  days of such  termination.  The term
"control"  shall refer to the ownership,  holding or power to vote more than 25%
of the Bank's  voting  stock,  the control of the  election of a majority of the
Bank's directors, or the exercise of a controlling influence over the management
or policies of the Bank by any person or by persons acting as a group within the
meaning of  Section  13(d) of the  Securities  Exchange  Act of 1934;  provided,
however,  that the term  "control"  shall not include a transaction in which the
Bank  forms a  holding  company  without  change  in the  respective  beneficial
ownership  interests of its stockholders  other than pursuant to the exercise of
any dissenter and apppraisal  rights. The term "person" means an individual or a
corporation,  partnership,  trust, association,  joint venture, pool, syndicate,
sole proprietorship, unincorporated organization or any other form of entity not
specifically listed herein.

          (b)  In the  event  of a  change  in  control  of the  Bank,  and  the
occurrence  of certain  conditions to which the Employee has not consented to in
advance in writing as hereinafter  specified,  or within thirty days thereafter,
Employee may voluntarily  terminate his employment and payments shall be made to
the Employee in accordance with Paragraph 1(a) above.  Said conditions  shall be
as follows:  (i) if Employee would be required to move his

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          personal  residence  or  perform  his  principal  executive  functions
          outside the metropolitan area of Wilmington,  North Carolina;  (ii) if
          in the  organizational  structure  of the Bank the  Employee  would be
          required  to report to a person or persons  other than the  President;
          (iii) if the Bank should fail to maintain  employee  benefit  plans at
          levels at least  equal to those  prevailing  immediately  prior to the
          date of the change of control;  (iv) if the Employee would be assigned
          duties and responsibilities  other than those normally associated with
          his position as Senior Vice-President, Chief Financial Officer; or (v)
          if the  Employee's  responsibilities  or authority have in anyway been
          diminished.

     2. TERM.  This Agreement shall remain in effect for so long as the Employee
remains in the employ of the Bank, and the  Employee's  rights  hereunder  shall
continue  following the termination of his employment with the Bank under any of
the circumstances described in Paragraphs 1(a) or (b) hereof.

     3. REIMBURSEMENT OF EXPENSES.  In the event any dispute shall arise between
the Employee and the Bank as to the terms or  interpretation  of this Agreement,
whether  instituted  by formal legal  proceedings  or  otherwise,  including any
action taken by the Employee to enforce the terms hereof or in defending against
any action  taken by the Bank,  the Bank shall  reimburse  the  Employee for all
costs and expenses,  including  reasonable  attorneys'  fees,  arising from such
dispute,  proceedings or actions,  if the ultimate  outcome is  substantially in
favor  of the  Employee.  Such  reimbursement  shall be paid  within  10 days of
Employee  furnishing  to the Bank  written  evidence,  which may be in the form,
among other  things,  of a canceled  check or receipt,  of any costs or expenses
incurred by the  Employee.  Any such request for  reimbursement  by the Employee
shall be made no more frequently than at 30 day intervals.

     4.  REGULATORY REQUIREMENTS.

          (a) The Board of Directors may terminate the Employee's  employment at
any time, but any termination by the Board of Directors  other than  termination
for "Just Cause",  shall not prejudice the Employee's  right to  compensation or
other benefits under the Agreement.  The Employee shall have no right to receive
compensation  or other  benefits  for any  period  after  termination  for "Just
Cause".  Termination for "Just Cause" shall include  termination  because of the
Employee's personal  dishonesty,  incompetence,  willful  misconduct,  breach of
fiduciary duty involving personal profit,  intentional failure to perform stated
duties,  willful  violation of any law, rule or  regulation  (other than traffic
violations or similar  offenses) or final  cease-and-desist  order,  or material
breach of any provision of the contract.

          (b) If the Employee is suspended  and/or  temporarily  prohibited from
participating  in the  conduct of the Bank's  affairs by a notice  served  under
Section  8(e)(3) or (8)(1) of the Federal  Deposit  Insurance  Act  ("FDIA") (12
U.S.C,.  1818(e)(3) and (g)(1)), the Bank's obligations under the contract shall
be  suspended  as  of  the  date  of  service,   unless  stayed  by  appropriate
proceedings.  If the  charges in the notice are  dismissed,  the Bank may in its
discretion (i) pay the Employee all or part of the  compensation  withheld while
its contract  obligations were suspended and (ii) reinstate in whole or in part)
any of its obligations which were suspended.

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<PAGE>

          (c) If the  Employee is removed  and/or  permanently  prohibited  from
participating  in the  conduct of the Bank's  affairs by an order  issued  under
Section 8(e)(4) or (g)(1) of the FDIA (12 U.S.C.  1818(e)(4) or (g)(1)), all the
obligations of the Bank under the Agreement  shall terminate as of the effective
date of the order,  but vested  rights of the  contracting  parties shall not be
affected.

          (d) If the Bank is in default  (as  defined in Section  3(x)(1) of the
FDIA),  all  obligations  under this Agreement shall terminate as of the date of
default,  but this  subparagraph  shall  not  affect  any  vested  rights of the
contracting parties.

     5.   SUCCESSORS AND ASSIGNS.

          (a) This  Agreement  shall be  binding  upon  any  corporate  or other
successor of the Bank which shall  acquire,  directly or  indirectly  by merger,
consolidation,  purchase or otherwise, all or substantially all of the assets of
the Bank.

          (b) The Employee  shall be precluded  from assigning or delegating his
rights or duties  hereunder  without first  obtaining the written consent of the
Bank.

     6.  AMENDMENTS.  No  amendments  or  additions to this  Agreement  shall be
binding unless in writing and signed by both parties, except as herein otherwise
provided.

     7. APPLICABLE LAW. This Agreement shall be governed in all respects whether
as to validity, construction, capacity, performance or otherwise, by the laws of
the State of North  Carolina,  except to the extent  that  Federal  law shall be
deemed applicable.

     8. SEVERABILITY. The provisions of this Agreement shall be deemed severable
and the  invalidity or  unenforceability  of any provision  shall not affect the
validity or enforceability of the other provisions thereof.

     9. NO GUARANTEE OF EMPLOYMENT.

     Nothing contained herein, either expressed or implied,  shall confer on the
Employee any guarantee or promise of continued  employment  with the Bank in any
capacity whatsoever, either prior to or following any change in control of Bank,
or otherwise.

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<PAGE>

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

                                   COOPERATIVE BANK FOR SAVINGS, INC., SSB

                                   By:/s/ Frederick Willetts, III
                                      -------------------------------------

ATTEST:

/s/ Linda B. Garland
---------------------------

WITNESS:

/s/ Dare C. Rhodes                 /s/ Todd L. Sammons
---------------------------        ---------------------------------------
                                   Employee

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