Document:

Exhibit 10.6

    CONSULTING AGREEMENT made as of December 1, 2004, by and between TRANS-LUX
CORPORATION, a Delaware corporation, transacting business at 110 Richards
Avenue, Norwalk, Connecticut (hereinafter referred to as "TLX"), and MOVING
IMAGES, LLC, a Connecticut limited liability company , having an address c/o
David Brandt, 113 Buckingham Road, Upper Montclair NJ 07043 (hereinafter
referred to as "Consultant").

    WHEREAS, Consultant has simultaneously engaged Richard Brandt ("Brandt"), to
perform consulting services to and on behalf of Consultant to TLX;

    WHEREAS, Brandt has had a long, continuously successful experience and
performance in the business operations of TLX and has a unique and deep
knowledge of the management, needs, trade secrets, know-how and affairs of TLX
and its subsidiaries and affiliates; and

    WHEREAS, it is the considered judgment of the Board of Directors of TLX that
it is in the best interests and to the advantage of TLX that it engage
Consultant for the performance of consulting services to TLX to be provided by
Brandt on behalf of Consultant to the extent and upon the terms hereinafter
provided;

    NOW, THEREFORE, in consideration of the mutual promises herein contained,
the parties agree with each other that the following is their agreement
("Agreement") in its entirety effective December 1, 2004:

    1.  TLX hereby engages Consultant to perform consulting services to TLX on
the terms and conditions hereinafter set forth, and Consultant hereby accepts
such engagement with TLX for a term ("Term") of seven years and one (1) month
commencing on December 1, 2004 and ending on December 31, 2011.  Notwithstanding
the foregoing, Consultant may terminate the Term of this Agreement at any time,
on no less than sixty (60) days prior written notice only if Brandt likewise
terminates his consulting arrangement with Consultant.  A copy of such agreement
has been provided to TLX on execution hereof for information and shall be kept
confidential by TLX in the same manner as TLX protects its own confidential
information.

    2.  (a) During the Term, Consultant will cause Brandt to render to TLX such
consulting services as may be reasonably assigned to Consultant from time to
time by the Board of Directors of TLX, or by the Executive Committee of TLX,
provided that such services are of a type, dignity and nature appropriate to the
former Chairman of the Board, chief executive officer and executive manager of
TLX and further provided that:  (i) such consulting services shall be required
to be rendered by Brandt only in Santa Fe, New Mexico or such other location in
the United States designated by Brandt, (ii) Consultant's inability to act as
such consultant by reason of illness, disability or lack of capacity of Brandt
shall not be deemed a breach of this Agreement, and (iii) in Brandt's sole
opinion the rendition of such services shall not be detrimental or injurious to
Brandt's health.  It is further agreed that such services shall not require more
than sixty (60) hours service during any month; that Brandt's unavailability at
any particular time shall not constitute a breach by Consultant of this
Agreement; that Brandt may, in his sole opinion, determine that such services
may be rendered by telephone, mail or other means of communication; and that
Consultant's failure to render such services because of Brandt's absence from
Santa Fe, New Mexico or such other location in the United States designated by
Brandt shall not be deemed a breach by Consultant of this Agreement.  Brandt
shall be the sole and absolute judge of his ability to render such consulting
services on behalf of Consultant, and Brandt's conclusion that the rendition
thereof would be harmful to him shall absolve and excuse Consultant from the
rendition of such consulting services, but the payments and/or benefits to
Consultant shall continue to be made as provided in Paragraph 3(f).

        (b) During the Term TLX shall use its best efforts to nominate and elect
Brandt from year to year as a director, and a member of the Executive Committee
of TLX.  In the event that Brandt shall not be elected at all times during the
Term hereof, as a member of the TLX Board of Directors, and as a member of the
Executive Committee, unless Brandt in writing declines to so serve or resigns as
a director or member of the Executive Committee, the same shall, at Consultant's
option, constitute a material breach of this Agreement by TLX unless TLX shall
completely cure such breach within thirty (30) days from receiving notice from
Consultant specifically setting forth the claimed breach.  Upon (i) failure of
TLX to cure such breach within such thirty (30) day period, or (ii) in the event
there is a "Change-in-Control" as hereinafter defined, Consultant, at its
option, shall at any time thereafter be entitled to terminate its obligations
hereunder by notice ("Notice") to TLX, specifically including the rendition of
any services by Consultant to TLX.  A reciprocal notice given by Brandt to
Consultant and received by TLX shall also constitute such notice to TLX.  After
the giving of the Notice, TLX shall pay to Consultant, notwithstanding such
termination, all sums payable or otherwise provided to Consultant under this
Agreement for the balance of the Term, including, but not limited to:  (i) the
Fees, Profit Participation and Bonus payments provided to be paid to Consultant
pursuant to Paragraphs 3(a), (b) and (c) for the period from the date of such
Notice of termination through December 31, 2011; and (ii) the insurance and
other benefits provided under this Agreement.  The aforesaid sums and benefits
shall be paid or provided to Consultant as follows:  (i) the aggregate fees
provided to be paid for the balance of the Term pursuant to Paragraph 3(a) shall
be paid to Consultant in one lump sum ten (10) days after such Notice of
termination, in the same aggregate amounts as are so provided in said Paragraph
3(a) to be paid for the balance of the Term (adjusted for the CPI Adjustment, as
hereinafter defined, to the date of such payment); and (ii) the sums provided to
be paid pursuant to Paragraphs 3(b) and (c) and the insurance and other benefits
provided under this Agreement, shall be paid or provided to Consultant in the
same manner, at the same times, and in the same amounts as is provided in the
said Paragraphs (b) and (c) and in Paragraph 4 and elsewhere in the Agreement to
be paid or provided during the balance of the Term.

        (c) Nothing contained in this Agreement shall in any way limit or
prevent Consultant or Brandt from:

                  (i) being connected with, in any manner whatsoever, including,
                  without limiting the generality of the foregoing, as owner,
                  investor, executive or director or otherwise in any business
                  whatsoever, including, without limiting the generality
                  thereof, the business of producing, distributing or exhibiting
                  motion pictures, or the business of film booking and buying,
                  so long as the business is not directly competitive with any
                  business of TLX;

                  (ii) owning or dealing in the stock or securities of any
                  corporation whose stocks or securities are traded on any
                  public market provided that such aggregate holdings of
                  Consultant and Brandt in any individual corporation that is a
                  direct competitor of TLX shall not exceed five (5%) percent of
                  the outstanding securities of any class of any such
                  corporation.

        (d) Nothing in this Agreement shall prevent TLX from paying compensation
to Brandt as a director, member of its Executive Committee or otherwise.

        (e) A "Change-in-Control" shall occur if, after the date hereof (i) any
Person is or becomes the beneficial owner, directly or indirectly, through a
purchase, merger or other acquisition transaction or series of transactions of
shares of capital stock of TLX entitling such Person to exercise 20% or more of
the total voting power of all shares of capital stock of TLX entitled to vote
generally in the election of directors; (ii) TLX sells or transfers all or
substantially all of the assets of TLX to another Person; (iii) there occurs any
consolidation of TLX with, or merger of TLX into, any other Person, any merger
of another Person into TLX other than (a) a merger which does not result in any
reclassification, conversion, exchange or cancellation of outstanding shares of
Common Stock and Class B Stock, (b) a merger which is effected solely to change
the jurisdiction of incorporation of TLX and results in a reclassification,
conversion or exchange of outstanding shares of Common Stock solely into shares
of Common Stock, or (c) a transaction in which the stockholders of TLX
immediately prior to such transaction owned, directly or indirectly, immediately
following such transaction, a majority of the combined voting power of the
voting capital stock of the corporation resulting from the transaction, such
stock to be owned by such stockholders in substantially the same proportion as
their ownership of the voting stock of TLX immediately prior to such
transaction; (iv) a change in the Board of Directors in which the individuals
who constituted the Board of Directors at the beginning of the 24-month period
immediately preceding such change (together with any other director whose
election by the Board of Directors or whose nomination for election by the
stockholders of TLX was approved by a vote of at least a majority of the
directors then in office either who were directors at the beginning of such
period or whose election or nomination for election was previously so approved)
cease for any reason to constitute a majority of the directors then in office;
or (v) the Common Stock is the subject of a "Rule 13e-3 transaction" as defined
under the Securities Exchange Act of 1934 ("Exchange Act").  For purposes of
this Section 2, the term "Person" means any individual, corporation,
partnership, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.  Such term also (i) includes any syndicate or group deemed to be a
"Person" under Section 13(d)(3) of the Exchange Act, but (ii) excludes Brandt,
TLX, any Subsidiary, any existing Person (including, directly or indirectly, the
immediate family (parents, spouse, children, stepchildren, brothers or sisters)
of any such Person), who currently beneficially owns shares of TLX's capital
stock with 20% or more of the voting power as described above, or any current or
future employee or director benefit plan of TLX or any Subsidiary or any entity
holding capital stock of TLX for or pursuant to the terms of such plan, or any
underwriter engaged in a firm commitment underwriting in connection with a
public offering of capital stock of TLX.

        "Subsidiary" means a corporation of which more than 50% of the issued
and outstanding stock entitled to vote for the election of directors (otherwise
than by reason of default in dividends) is at the time owned or controlled,
directly or indirectly, by TLX.

    3.  (a) During the Term TLX agrees to pay Consultant, fees ("Fees") at the
rate of $384,636.72 per annum for the balance of 2004, and at such rate, subject
to the CPI Adjustment for each future calendar year commencing January 1, 2005,
as hereinafter provided.

        (b) During the Term TLX also agrees to pay Consultant (i) an amount
equal to one and one-half percent (1-1/2%) of TLX's pre-tax consolidated
earnings, as hereinafter defined, in each calendar year (including the full 2004
calendar year) during the Term hereof, (hereinafter the amounts payable under
this Paragraph 3(b) are collectively referred to as the "Profit Participation").
Such pre-tax consolidated earnings shall be fixed and determined by the
independent certified public accountants regularly employed by TLX.  Such
independent certified public accountants, in ascertaining such pre-tax
consolidated earnings, shall apply all accounting practices and procedures
heretofore applied by TLX's independent certified public accountants in arriving
at such annual pre-tax consolidated earnings as disclosed in TLX's annual
statement for that year of profit and loss released to its stockholders.  The
determination by such independent certified public accountants shall be final,
absolute and controlling upon the parties.  Payment of such amount, if any is
due, shall be made for each year by TLX to Consultant within thirty (30) days
after such accountant shall have furnished an opinion on such statement to TLX
disclosing TLX's pre-tax consolidated earnings for such calendar year.  TLX
undertakes to use its reasonable efforts to cause said accountants to prepare
and furnish such opinion within one hundred thirty (130) days from the close of
each such fiscal year and to cause said independent certified public
accountants, concomitantly with the delivery of such opinion by said accountants
to it, to deliver a copy of such statement to Consultant and Brandt.  TLX shall
not have any liability to Consultant arising out of any delays with respect to
the foregoing.

         (c) The Board of Directors of TLX, upon the recommendation of the
Compensation Committee of the Board of Directors, shall consider no later than
May of each year the grant of a bonus ("Bonus") to Consultant based upon the
performance of Consultant during the immediate preceding year during the Term.
In determining whether to grant any such Bonus and the amount thereof,
consideration may be given to the performance of TLX in light of competitive and
economic conditions.  Notwithstanding the foregoing, TLX shall pay to Consultant
the highest Bonus applicable for each calendar year ending December 31,
commencing December 31, 2004, in the respective amounts hereinafter set forth,
in the event TLX's pre-tax consolidated earnings for any year during the Term
determined in accordance with Paragraph 3(b), meets or exceeds the respective
amounts hereinafter set forth.

If Pre-Tax Consolidated                 Annual Non-Cumulative Level of
Earnings in Any Year Exceed             Bonus Payable
---------------------------             -------------
        $  250,000                       5,000
           500,000                      10,000
           750,000                      15,000
         1,000,000                      20,000
         1,250,000                      31,250
         1,500,000                      37,500
         1,750,000                      43,750
         2,000,000                      50,000
    Over 2,000,000                      $ 50,000 plus 2-1/2% of each full
                                        increment of $250,000 over $2,000,000,
                                        the total annual bonus not to exceed
                                        $142,976 (e.g., if $2,900,000, $50,000
                                        plus 2-1/2% of $750,000 or $50,000 plus
                                        $18,750 or a total of $68,750).  The
                                        maximum of $142,976 payable hereunder
                                        for 2004 shall be subject to the CPI
                                        Adjustment for years following 2004 as
                                        hereinafter provided.

        (d) Notwithstanding Paragraphs 3(b) and 3(c) of this Agreement, for
purposes of Paragraphs 3(b) and 3(c) of this Agreement, there shall be excluded
from the calculation of pre-tax consolidated earnings during the Term of this
Agreement (i) the amount by which (x) any item or items of unusual or
extraordinary gain in the aggregate exceeds 20% of TLX's net book value as at
the end of the immediate preceding calendar year or (y) any item of unusual or
extraordinary loss in the aggregate exceeds 20% of TLX's net book value as at
the end of the immediate preceding calendar year, in each case in (x) and (y)
above as determined in accordance with generally accepted accounting principles,
and items of gain and loss shall not be netted against each other for purpose of
the above 20% calculation, (ii) any direct effect on pre-tax consolidated
earnings of write-offs of existing prepaid financing costs prior to the normal
amortization schedule of such financings provided however that for the purposes
of this Paragraph 3(d), such financing costs shall thereafter be amortized in
accordance with such normal amortization schedule of such financings, or (iii)
any contractual Bonuses and/or Profit Participations accrued or paid to
Consultant and TLX employees.  Each Bonus payment shall be made in accordance
with the time provisions set forth in Paragraph 3(b).  Notwithstanding the
foregoing, the Board may, in any event, even if any of the aforesaid pre-tax
consolidated earnings levels are not exceeded, grant Consultant the aforesaid
Bonus or any portion thereof for any such year or any other bonus based on its
performance.

    In the event Consultant is entitled to or is awarded a Bonus, TLX shall
notify Consultant thereof no later than May 31 following such year and
Consultant as directed by Brandt shall have the option of receiving such Bonus
in (i) cash, (ii) Common Stock and/or Class A Stock of TLX or (iii) cash and
Common Stock and/or Class A Stock in such ratio as Consultant elects as directed
by Brandt.  Such election shall be made by Consultant by written notice to TLX
and TLX shall pay said Bonus in the form elected by Consultant within fourteen
(14) days after receipt of Consultant's written notice thereof.  Upon
Consultant's failure to make such election within sixty (60) days after notice
to Consultant from TLX of the Bonus, such Bonus shall be paid in cash to
Consultant on the day following the expiration of said sixty (60) day period.
In the event Consultant elects to receive any such Bonus in Common Stock and/or
Class A Stock of TLX, the same shall be valued at the latest closing price of
such Common Stock and/or Class A Stock, as the case may be, on (i) the American
Stock Exchange (or other principal stock exchange on which TLX's Common Stock
and/or Class A Stock is listed or, (ii) if not so listed, on the NASDAQ National
Market System ("NMS") or any comparable system if listed thereon, or (iii) if
not quoted on the NMS or a comparable system, at the mean between the average of
the high and low bid and asked prices on the over-the-counter market) on the
date of Consultant's election.  If there is no trade on such date on any such
exchange or market, then the value shall be the closing price on the date on
which it last traded.  Consultant may direct TLX to issue some or all of such
shares to Brandt in lieu of Consultant.

        (e) TLX may make appropriate deductions from the said payments required
to be made in this Paragraph 3 to Consultant, to comply with all governmental
withholding requirements.

    The payments provided in Paragraph 3(a) shall be made in equal monthly
installments on the 15th day of each month.  The payments provided to be made to
Consultant pursuant to said Paragraph 3(a) and the maximum Bonus payable under
Paragraph 3(c) shall each be appropriately adjusted upward ("CPI Adjustment")
for inflation at the beginning of each calendar year commencing in 2005 based on
the United States Department of Labor Bureau of Labor Statistics, Consumer Price
Index, United States City Average, all items (2004=100).  The CPI Adjustment
shall be paid retroactively when determined, for payments already made in the
applicable calendar year.  Consultant may direct TLX to pay 95% of all payments
under Paragraphs 3(a), (b) and (c) directly to Brandt so long as Brandt is
alive, and following such death, all such payments shall be made directly to
Consultant.

    Consultant shall also be entitled to reimbursement from TLX for the amount
of the social security payments payable by Brandt, if any, based on amounts paid
to him by Consultant from amounts paid to Consultant under this Agreement to the
extent such social security payments would have been made by TLX if the
applicable portion of the Fees under Paragraph 3(a) were paid by TLX directly to
Brandt as a salary.  Any such reimbursement payable by TLX hereunder shall be
grossed up to take into account and reimburse Consultant for any tax
consequences resulting to Brandt therefrom.  The amount of such reimbursement
may be made by TLX directly to Brandt at Brandt's request.

    This Agreement shall not be deemed abrogated or terminated if TLX, in its
discretion, shall determine to increase the compensation of Consultant for any
period of time, or if Consultant shall accept such increase.

        (f) If, during the Term of this Agreement, Consultant or Brandt on
behalf of Consultant shall be prevented from performing or be unable to
perform, or fail to perform his duties by reason of illness or any other
incapacity or disability, the payments and/or benefits provided in Paragraphs 3
and 4 and elsewhere in this Agreement to be made or provided to Consultant,
shall continue to be made or provided to Consultant for the balance of the Term,
without any reduction whatsoever, at the same times, in the same manner, and in
the same amounts as provided in Paragraphs 3 and 4 and elsewhere in this
Agreement, except that all benefits shall be paid directly to Brandt or to
Consultant on behalf of Brandt.  If Brandt shall die during the Term, TLX shall
pay to Consultant an amount equal to the aggregate payments provided to be made
under Paragraphs 3 (a), (b) and (c) that otherwise would have been payable to
Consultant during the Term but for Brandt's death, for the balance of the Term
through December 31, 2011, without any reduction whatsoever.  In calculating the
respective payments hereunder to be made under Paragraphs 3(b) and 3(c), such
amounts shall respectively equal (i) the highest Profit Participation provided
for in Paragraph 3(b) hereof and (ii) the highest Bonus payment provided for in
Paragraph 3(c) hereof, received in each case by Consultant or Brandt during the
seven (7) year period preceding Brandt's death (including for this calculation
any payments of Profit Participation and Bonus paid to Brandt under any prior
employment and consulting agreements).  Such payments of the amounts provided in
Paragraphs 3(a), (b) and (c) shall be made at the same times, in the same
manner, and in the same amount as provided in Paragraph 3(a) and for the amounts
in Paragraphs 3 (b) and (c) as adjusted herein.

    4.  (a) TLX will continue to furnish to Consultant (provided Brandt is
insurable) a policy of life insurance upon Brandt's life, the term of which
shall continue during the Term through December 31, 2011.  Such policy shall
provide that Consultant, upon the expiration of said policy, shall have a
conversion right privilege, if same is available.  Said policy shall provide for
a death benefit of $250,000 payable as follows:

    Sixty (60%) percent of the death benefit of such policy to Helen K. Brandt,
Brandt's wife, and in such event the remaining forty (40%) percent of such death
benefit shall be equally divided among his surviving issue, per stirpes and not
per capita.  In the event that Brandt's wife shall predecease Brandt, then such
policy shall provide that the entire death benefit payable thereunder shall be
payable in equal shares to Brandt's surviving issue, per stirpes and not per
capita.  If Brandt shall not be insurable, or if the amount of such insurance is
less than $250,000, then, upon Brandt's death during the Term hereof, TLX shall
in every event, pay to Consultant the amount of such uninsured portion within 30
days after Brandt's said death.  Notwithstanding the foregoing, Consultant
hereby directs that any such uninsured portion be paid directly to Brandt's said
widow and/or issue as provided above in this Paragraph 4(a).  For example, if
the amount of insurance is $130,000, then $120,000 shall be paid by TLX to
Brandt's said widow and/or issue within 30 days after Brandt's death.

        (b) TLX shall also provide to or on behalf of Consultant during the
Term, at TLX's expense, medical insurance coverage for Brandt and his wife
at least at the same levels as in effect for Brandt on the date immediately
preceding the execution of this Agreement, as well as any other group insurance
plan, hospitalization plan (subject to Medicare reimbursements), medical service
plan or any other benefit plan which TLX may have in effect during the Term.
Included in such plans and benefits that TLX will make available or pay to
Brandt are travel and accident insurance and Christmas bonuses to the extent the
same are made available or paid to the senior executives of TLX.  Consultant
shall also be entitled for the benefit of Brandt to any other insurance and
other employee benefits, including life insurance on Brandt's life, which are
available to senior executives of TLX.  Notwithstanding the foregoing,
Consultant acknowledges and agrees that (i) Consultant is accepting $50,000 of
group term life insurance on Brandt's life in place of the larger amount of
group term life that Brandt otherwise would be entitled to if employed by TLX
and (ii) Consultant and Brandt are not entitled to participate in TLX's existing
pension plan.  TLX shall continue to pay for and/or reimburse Brandt or Brandt's
widow for premiums paid (similarly grossed up for tax purposes) for a second to
die life insurance policy on their lives which is presently in place.  Brandt's
widow shall also be entitled to receive health benefits as and to the extent
provided by resolution of the Board of Directors of TLX adopted on September 23,
1999, notwithstanding the earlier termination of this Agreement.

    5.  TLX agrees that during the Term hereof it shall provide Brandt with
appropriate secretarial and administrative support, office space and office
equipment in connection with the services to be performed under this Agreement.
TLX shall also reimburse Brandt directly for all out-of-pocket expenses incurred
by Brandt in furtherance of the business and activities of TLX, including
travel, board and hotel expenses.  During the Term hereof, there shall be
allowance for Brandt for reasonable periods of vacations for Brandt's services
not in excess of a total of six (6) weeks in any one year.  TLX shall also
furnish Brandt with a car and driver, as may be requested by Brandt during the
Term hereof for use by Brandt in connection with his services to Consultant for
TLX hereunder.

    6.  A waiver by either party of any of the terms and conditions of this
Agreement in any instance shall be in writing and shall not be deemed or
construed to be a waiver of such term or condition for the future, or of any
subsequent breach thereof.

    7.  Any and all notices required or permitted to be given hereunder shall be
in writing and shall be deemed to have been given when deposited in the United
States mails, certified or registered, addressed as follows:

                To: Consultant c/o David Brandt
                    113 Buckingham Road
                    Upper Montclair NJ 07043

                            and

                    c/o Thomas Brandt
                    67 Wesgate Drive
                    Stamford CT 06902

                With a copy to:      Richard Brandt
                                     P.O. Box 839
                                     Tesuque New Mexico 87574

                To TLX:              Trans-Lux Corporation
                                     110 Richards Avenue
                                     Norwalk, Connecticut 06854
                                     Att: President

Either party may, by written notice to the other, change the address to
which notices are to be addressed.

    8.  TLX may itself, or through any of its subsidiaries or affiliates, make
payment to Consultant of the compensation due it hereunder, provided, however,
that if such payment be made by a company other than TLX, that fact shall not
relieve TLX of its obligations hereunder, except with respect to the extent of
the amounts so paid.

    9.  The provisions hereof shall be binding upon and shall inure to the
benefit of Consultant, and its successors and TLX and its successors, and Brandt
to the extent Brandt is entitled to direct payments for reimbursement and/or
benefits as a third party beneficiary hereof.  During the Term of this
Agreement, if TLX shall at any time be consolidated or merged into any other
corporation, or if substantially all of the assets of TLX are transferred to any
other corporation, the provisions of this Agreement shall be binding upon and
inure to the benefit of the corporation resulting in such merger, or to which
such assets shall have been transferred, and this provision shall apply in the
event of any subsequent merger, consolidation or transfer.

    10.  Whenever in this Agreement the term "issue" is used it shall mean
natural issue except in the case of Brandt's grandchildren issue shall include
grandchildren legally adopted by Brandt's natural children.

    11.  This Agreement contains all the understandings and agreements arrived
at between the parties in relation to the subject matter and supersedes any and
all prior understandings and agreements, except it does not affect any insurance
agreements with Brandt.  The invalidity or unenforceability of any provisions of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

    12.  This Agreement shall not be varied, altered, modified, changed or in
any way amended, except by an instrument in writing, executed by the parties
hereto, or their legal representatives.

    IN WITNESS WHEREOF, Consultant has executed and TLX has caused its
President, on its behalf, to execute this Agreement, on the day and year first
above written.

                                        TRANS-LUX CORPORATION

                                        By:  /s/ Angela D. Toppi
                                        -------------------------------------
                                        Angela D. Toppi,
                                        Title - Executive Vice President

                                        MOVING IMAGES, LLC

                                        By: /s/ David Brandt
                                        -------------------------------------
                                        David Brandt
                                        Title - Manager

<PAGE>
                                                               December 1, 2004

Mr. Richard Brandt
P.O. Box 839
Tesuque, NM 87574

Dear Richard:

    Reference is made to your consulting agreement effective as of June 1, 2003.
We hereby mutually agree such consulting agreement is terminated effective
December 1, 2004 simultaneously with our entering into a new consulting
agreement with Moving Images, LLC.  It is understood such termination shall not
affect any insurance or other agreements between Trans-Lux Corporation and you
nor any amounts accrued or outstanding and not paid to you as of such
termination date under such terminated consulting agreement.  In addition, to
the extent you have deferred the start of increases of fees under such
terminated consulting agreement, in the event and to the extent Trans-Lux
Corporation retroactively pays deferred amounts of increases under employment
agreements with executive officers, you shall likewise be entitled to receive
the amount deferred by you for periods preceding the effective date of
cancellation of your consulting agreement.  Please acknowledge below your
acceptance of this letter.

                                       Trans-Lux Corporation

                                       By:  /s/ Angela D. Toppi
                                       ----------------------------------------
                                       Angela D. Toppi,
                                       Executive Vice President

Accepted and Agreed:

 /s/ Richard Brandt
--------------------------
Richard BrandtExhibit 10.7

    AGREEMENT made February 22, 2005 effective as of the 1st day of April 2005
by and between TRANS-LUX CORPORATION, a Delaware corporation having an office at
110 Richards Avenue, Norwalk, CT 06856-5090 (hereinafter called "Employer"), and
MICHAEL R. MULCAHY residing at 24 Beeholm Road, Redding, CT 06896 (hereinafter
called, "Employee").
                              W I T N E S S E T H:

    1.  Employer hereby employs Employee, and Employee hereby accepts
employment, upon the terms and conditions hereinafter set forth.

    2.  (a) The term ("Term") of the Agreement shall be the five year period
commencing April 1, 2005 and terminating March 31, 2010.

        (b) In the event that Employee remains or continues in the employ of
Employer after the Term, such employment, in the absence of a further written
agreement, shall be on an at-will basis, terminable by either party hereto on
thirty (30) days' notice to the other and, upon the 30th day following such
notice, the employment of Employee shall terminate.

        (c) Upon expiration of the Term of this Agreement, neither party shall
have any further obligations or liabilities to the other except as otherwise
specifically provided in this Agreement.

    3.  Employee shall be employed in an executive capacity of Employer (and
such of its affiliates, divisions and subsidiaries as Employer shall designate).
Employer shall use its best efforts to cause Employee to be elected and continue
to be elected President and Co-Chief Executive Officer of Employer during the
Term of this Agreement.  The precise services of Employee may be designated or
assigned from time to time at the direction of the Board of Directors, the
Chairman of the Board, and the Vice-Chairman of the Board, provided, however,
that the duties assigned shall be of a character and dignity appropriate to a
senior executive of a corporation and consistent with Employee's background and
experience, and all of the services to be rendered hereunder by Employee shall
at all times be subject to the control, direction and supervision of the Board
of Directors of Employer, to which Employee does hereby agree to be bound.
Employee shall devote his entire time, attention and energies during usual
business hours (subject to Employer's policy with respect to vacations, holidays
and illnesses for comparable executives of Employer) to the business and affairs
of Employer, its affiliates, divisions and subsidiaries as Employer shall from
time to time direct.  Employee further agrees during the Term of this Agreement
to serve as an officer or director of Employer or of any affiliate or subsidiary
of Employer as Employer may request, and if Employee serves as such officer or a
director he will do so without additional compensation, other than director's
fees or honoraria, if any.  Subject to execution of this Agreement, Employee has
been nominated as a director of Employer for election at Employer's 2005 Annual
Meeting of Stockholders, but Employer cannot guaranty that Employee will be so
elected by the stockholders, and the failure of Employee to be so elected as
director of Employer shall not constitute breach of this Agreement.  Employer
agrees that during the Term of this Agreement Employee's principal office of
employment shall be within a sixty (60) mile radius of Norwalk, Connecticut.

    During the Term of this Agreement and during any subsequent employment of
Employee by Employer, Employee shall use his best efforts, skills and abilities
in the performance of his services hereunder and to promote the interests of
Employer, its affiliates, divisions and subsidiaries.  Employee shall not,
during the Term and during any subsequent employment of Employee by Employer, be
engaged in any other business activity, whether or not such business activity is
pursued for gain, profit or other pecuniary advantage.  The foregoing shall not
be construed as preventing Employee from investing his assets in such form or
manner as will not require any services on the part of Employee in the operation
of the affairs of the companies in which such investments are made, provided,
however, that Employee shall not, either directly or indirectly, be a director
of or make any investments in any company or companies which are engaged in
businesses competitive with those conducted by Employer or by any of its
subsidiaries or affiliates except where such investments are in stock of a
company listed on a national securities exchange, and such stock of Employee
does not exceed one percent (1%) of the outstanding shares of stock of such
listed company.

    Employee shall not at any time during or after the Term of this Agreement
use (except on behalf of Employer), divulge, furnish or make accessible to any
third person or organization any confidential information concerning Employer or
any of its subsidiaries or affiliates or the businesses of any of the foregoing
including, without limitation, confidential methods of operations and
organization, confidential sources of supply, identity of employees, customer
lists and confidential financial information.  In addition, Employee agrees that
all lists, materials, books, files, reports, correspondence, records and other
documents and information ("Employer Materials") used, prepared or made
available to Employee, shall be and shall remain the property of Employer.  Upon
the termination of employment of Employee or the expiration of this Agreement,
whichever is earlier, all Employer Materials shall be immediately returned to
Trans-Lux Corporation, and Employee shall not make or retain any copies thereof,
nor disclose or otherwise use any information relating to said Employer
Materials to any other party.  As used herein the term Employer shall include
Employer, Employer's subsidiaries and affiliates, and any individuals employed
during the term of their employment, by any of them.

    4.  (a) For all services rendered by Employee during the Term of this
Agreement, Employer shall pay Employee a salary at the rate of TWO HUNDRED
EIGHTY THOUSAND DOLLARS ($280,000) per annum during each of the periods April 1,
2005 to March 31, 2006, April 1, 2006 to March 31, 2007, April 1, 2007 to March
31, 2008, April 1, 2008 to March 31, 2009 and April 1, 2009 to March 31, 2010
and subject to the CPI Adjustment, as hereinafter defined, for each future
calendar year subsequent to 2005.  The payments to be made to Employee for the
twelve month periods commencing April 1, 2006, 2007, 2008 and 2009 shall each be
appropriately adjusted upward ("CPI Adjustment") for inflation in the prior
calendar year at the beginning of each such twelve month period based on the
United States Department of Labor Bureau of Labor Statistics, Consumer Price
Index, United States City Average, all items (2006 = 100).  Such salary shall be
payable weekly, or monthly, or in accordance with the payroll practices of
Employer for its executives.  The Employee shall also be entitled to all rights
and benefits for which he shall be eligible under any stock option plan, bonus,
participation or extra compensation plans, pensions, group insurance or other
benefits which Employer presently provides, or may provide for him and for its
employees generally.

    This Agreement shall not be deemed abrogated or terminated if Employer, in
its discretion, shall determine to increase the compensation of Employee for any
period of time, or if the Employee shall accept such increase.  In addition to
the group insurance set forth herein, Employer also agrees to continue to
provide Employee with term life insurance in the amount of $75,000 at the
non-smoking rate during the term of this Agreement, provided Employee is
insurable at standard rates, with Employee paying any excess premium over the
non-smoking rate.  The Employer shall transfer such policy to Employee on his
retirement or termination of this Agreement by either party without cause.  All
payments under this Agreement are in United States dollars unless otherwise
specified.  In the event Employee is non-insurable, then Employer shall pay to
Employee from such determination during the remainder of the Term annually the
amount the premium for the above mentioned $75,000 policy would have been at the
standard rates.  Upon termination of this Agreement as a result of expiration of
the Term (without any new agreement), or termination by either party of any
at-will employment basis or either the Employee's retirement or discharge
without cause, Employer agrees to pay for (i) continuation of coverage of
Employee's present $75,000 life insurance for one (1) year and, (ii) unless
Medicare or equivalent is in effect, medical insurance coverage, for Employee
and his present spouse for the period of time coverage is available under COBRA,
not to exceed eighteen (18) months and, thereafter for additional months so that
the maximum time period for medical coverage is three (3) years, provided,
however, any such coverage shall cease at Employee's 65th birthday (or in the
case of his spouse, what would have been Employee's 65th birthday if he dies
during such time period).

        (b) Employer may make appropriate deductions from the said payments
required to be made in this Section 4 to Employee to comply with all
governmental withholding requirements.

        (c) If, during the Term of this Agreement and if the Employee is still
in the employ of Employer, Employee shall be prevented from performing or be
unable to perform, or fail to perform, his duties by reason of illness or any
other incapacity for four (4) consecutive months (excluding normal vacation
time) during the Term hereof, Employer agrees to pay Employee thereafter for the
duration of such incapacity (i) during the Term, or (ii) 24 months, whichever is
greater, 50% of the base salary which Employee would otherwise have been
entitled to receive if not for the illness or other incapacity; provided,
however, if such incapacity ceases while such payments are being made, then any
such payments shall cease.  Notwithstanding the foregoing, to the extent such 24
month period continues after the end of the Term and Employee is entitled to
payments under Section 7, then the payment under this Section 4(c) shall
terminate and Section 7 shall apply.  If payments under Section 7 cease because
of Employee's death prior to the end of the 24 month period under this Section
4(c), then the balance of the payments hereunder will be made, for example, if
Employee has received 6 months of disability payments before the Term expires
and dies after receiving 12 months of payments under Section 7, then Employee's
widow or surviving issue will receive the remaining 6 months of payments under
this Section 4(c).  If Employee dies during such 24 month period prior to the
end of the Term, then Section 4(e) shall apply and the payments under this
Section 4(c) shall terminate.

        (d) The Board upon the recommendation of the Compensation Committee of
the Board shall consider no later than May 31, 2006, 2007, 2008, 2009, 2010 and
2011 respectively (provided there is no delay in obtaining the financial
statements as provided below, but in no event later than 45 days following
receipt thereof) the grant of a bonus ("Bonus") to Employee based on Employer's
performance for Employer's immediately preceding fiscal year.  Notwithstanding
the foregoing, Employer shall pay Employee the Bonus rate applicable for each
level of annual pre-tax consolidated earnings for any of the fiscal years ending
December 31, 2005 (including the period January 1-March 31, 2005 as provided
hereafter in Section 13), 2006, 2007, 2008, 2009 and 2010 only, (provided
however that the Bonus, if any, for 2010 shall be 25% of the amount set forth
below for such year), in the respective amounts hereinafter set forth in the
event Employer's pre-tax consolidated earnings for such year determined in
accordance with Section 4(d) meet or exceed the respective amounts hereinafter
set forth, not to exceed $150,000 for any year ($37,500 for January 1-March 31,
2010).

Amount of Annual Pre-Tax   Bonus Percent     Highest Amount
Consolidated Earnings      on Amount         Per Level
------------------------   -------------     --------------
$ 0 - $ 1,000,000            2 1/2%           $25,000
$1,000,000 - 2,000,000       3 1/4%            32,500
$2,000,000 - 4,312,500       4 %               92,500
                                             --------
                                              $150,000 (highest aggregate Bonus)

No Bonus shall be payable for annual pre-tax consolidated earnings less than
$500,000 or in excess of $4,312,500.  There shall be excluded from the
calculation of pre-tax consolidated earnings during the Term of this Agreement
the amount by which (x) any item or items of unusual or extraordinary gain in
the aggregate exceeds 20% of the Employer's net book value as at the end of the
immediate preceding fiscal year, (y) any item of unusual or extraordinary loss
in the aggregate exceeds 20% of the Employer's net book value as at the end of
the immediate preceding fiscal year, in each case in (x) and (y) above as
determined in accordance with generally accepted accounting principles and items
of gain and loss shall not be netted against each other for purpose of the above
20% calculation, or (z) any contractual Bonuses and or contractual profit
participations accrued or paid to Employee and other employees.

            Provided Employee is not in default of the Agreement, the Board may,
in any event, even if any of the aforesaid pre-tax consolidated earnings levels
are not exceeded, grant the Employee the aforesaid Bonus or any portion thereof
for such year based on his performance.

            Notwithstanding anything to the contrary contained herein, if
Employee is not in the employ of Employer at the end of any aforesaid 2005,
2006, 2007, 2008 and 2009 fiscal year, or on March 31, 2010 no Bonus shall be
paid for such fiscal year or part thereof as to 2009.  In the event of
Employee's death on or after January 1 of 2006, 2007, 2008, 2009 or 2010, or
April 1, 2010 as to 2010, any Bonus to which he is otherwise entitled for the
prior fiscal year or 2010, as the case may be, shall be paid to his widow if she
shall survive him or if she shall predecease him to his surviving issue per
stirpes and not per capita.

            Such pre-tax consolidated earnings shall be fixed and determined by
the independent certified public accountants regularly employed by Employer.
Such independent certified public accountants, in ascertaining such pre-tax
consolidated earnings, shall apply all accounting practices and procedures
heretofore applied by Employer's independent certified public accountants in
arriving at such annual pre-tax consolidated earnings as disclosed in Employer's
annual statement for that year of profit and loss released to its stockholders.
The determination by such independent certified public accountants shall be
final, absolute and controlling upon the parties.  Notwithstanding the
foregoing, any interest expense savings resulting from conversion of the
Employer's 7 1/2% Convertible Subordinated Notes due 2006 and 8-1/4% Limited
Convertible Senior Subordinated Notes due 2012 may be included or excluded in
such calculation by the Board in its sole discretion.  Payment of such amount,
if any is due, shall be made for each year by Employer to Employee within sixty
(60) days after which such accountant shall have furnished such statement to
Employer disclosing Employer's pre-tax consolidated earnings for each of the
years 2005, 2006, 2007, 2008, 2009 and 2010.  Employer undertakes to use
reasonable efforts to cause said accountants to prepare and furnish such
statements within one hundred thirty (130) days from the close of each such
fiscal year and to cause said independent certified public accountants,
concomitantly with delivery of such statement by accountants to it, to deliver a
copy of such statement to Employee.  The Employer shall not have any liability
to Employee arising out of any delays with respect to the foregoing.

        (e) In the event Employee dies during the Term of this Agreement while
the Employee is still in the Employ of Employer, Employer shall pay to
Employee's widow or his surviving issue, as the case may be, for twenty-four
(24) months, annual death benefits payable weekly or in accordance with
Employer's payroll practices in an amount equal to 50% of Employee's then annual
base salary rate.

        (f) So long as Employer's Common Stock is publicly traded, Employee, in
lieu of receiving cash payment of any Bonus, may elect to receive all or part of
any such Bonus by delivery of the Employer's Common Stock, par value $1.00 per
share ("Common Stock") valued at the closing market price on date of election,
or if not traded on such date, the last reported closing market price.  Such
election must (i) be made within ten (10) days after notice of the amount of
such Bonus and (ii) require a minimum of one hundred (100) shares.  No
fractional shares will be issued.  Employee acknowledges that any such shares
must be purchased for investment and not with a view to distribution and cannot
be resold without an exemption from registration under the Securities Act of
1933, as amended, such as Rule 144 which requires, among other things, a one (1)
year holding period.  Prior to commencement of any fiscal year period under
Section 4(d), Employee may also elect to defer payment of any such Bonus for up
to ten (10) years by giving written notice to Employer of Employee's request for
said deferral.  Any such deferred Bonus shall not accrue interest whatsoever.

        (g) Employer agrees to continue to provide Employee with split dollar
life insurance in the initial face amount of $500,000 with paid-up additions
from dividends for up to the first 20 years of the policy in accordance with
Male Smoker Age 50 Presentation annexed hereto as Exhibit B.  In the event and
at such time as Employee stops smoking in accordance with the insurance
company's regulations, any premium reductions resulting therefrom shall be
utilized to purchase additional life insurance for Employee under separate
policies in accordance with the available offerings.

        (h) In addition, Employer agrees to pay to Employee and his
beneficiaries ("Beneficiaries") as additional supplemental retirement benefits
("ASRB"), an amount so that the aggregate retirement benefits payable to
Employee and Beneficiaries under the Trans-Lux Corporation Pension Plan ("Plan")
plus such ASRB will equal the amount which would have been payable to Employee
and Beneficiaries under the Plan but for (i) the limitations on the maximum
annual benefits imposed by Section 415 of the Internal Revenue Code of 1986
("IRC"), (ii) the limitations on the amount of annual compensation which may be
taken into account under Section 401(a)(17) of the IRC, and (iii) any further
limitations in benefits under the Plan resulting from statutory changes or from
modifications in the Plan required by statutory changes after December 31, 2001.
It is understood that the purpose of this paragraph is that (a) Employee and
Beneficiaries shall receive as a result of the ASRB payment, the full benefit
which would otherwise have been payable from the Plan had no Plan or statutory
restrictions been imposed by law, and (b) that any additional taxes payable by
Employee on any ASRB payment as a result of such Plan or statutory restrictions
shall be paid to Employee by Employer grossed up in such manner as to offset the
effect of Employee's state and federal income taxes on such payments.  The ASRB
payable pursuant to this paragraph shall be paid to the same parties and at the
same time that the payments under the Plan are paid, provided, however, that
Employee may defer receipt of any ASRB payments attributable to services
rendered in any year, for up to ten (10) years, by written notice to Employer
prior to the commencement of any such year, such notice to set forth the number
of years any such payments are to be deferred.  Any such deferred ASRB payment
shall not accrue interest whatsoever.  The obligations of Employer payable
pursuant to this subparagraph (h) are intended to be unfunded for income tax
purposes and shall not constitute a trust fund, escrow amount, amount set apart,
or other account credited with funds for the benefit of Employee or his
Beneficiaries.

    5.  During the Term of this Agreement, Employer will reimburse Employee for
traveling or other out-of-pocket expenses and disbursements incurred by Employee
with Employer's approval in furtherance of the businesses of Employer, its
affiliates, divisions or subsidiaries, upon presentation of such supporting
information as Employer may from time to time request.

    6.  During the Term of this Agreement, Employee shall be entitled to a
vacation during the usual vacation period of Employer in accordance with such
vacation schedules as Employer may prescribe.

    7.  Both parties recognize that the services to be rendered by Employee
pursuant to this Agreement are extraordinary and unique.  During the Term of
this Agreement, and during any subsequent employment of Employee by Employer,
Employee shall not, directly or indirectly, enter into the employ of or render
any services to any person, partnership, association or corporation engaged in a
business or businesses in any way, directly or indirectly, competitive to those
now or hereafter engaged in by Employer or by any of its subsidiaries during the
Term of this Agreement and during any subsequent employment of Employee by
Employer and Employee shall not engage in any such business, directly or
indirectly on his own account and, except as permitted by Section 3 of this
Agreement, Employee shall not become interested in any such business, directly
or indirectly, as an individual, partner, shareholder, director, officer,
principal, agent, employee, trustee, consultant, or in any other relationship or
capacity.  For a period of two (2) years following termination of employment,
Employee shall not directly or indirectly (i) engage or otherwise be involved in
the recruitment or employment of the Employer's employees or any individual who
was such an employee within one (1) year of any such termination of employment,
(ii) solicit or assist in obtaining business from a customer of the Employer who
was a customer during the two (2) year period prior to termination of
employment, with respect to products or services competitive with products or
services of Employer, or (iii) communicate, publish, or otherwise transmit, in
any manner whatsoever, untrue or negative information or comments regarding
Employer.

    Employer shall be entitled, if it so elects, to institute and prosecute
proceedings in any court of competent jurisdiction, either in law or in equity,
to obtain damages for any breach of this Agreement, or to enjoin Employee from
any breach of this Agreement, but nothing herein contained shall be construed to
prevent Employer from pursuing such other remedies as Employer may elect to
invoke.

    In the event Employee leaves the employ of Employer (or successor to
Employer which assumes this Agreement) at the end of the Term or the end of the
term of any "proposed renewal contract" as hereinafter set forth in this
Section, then, except as hereinafter provided, Employer shall pay to Employee
weekly or bi-weekly in accordance with Employer's payroll practices as severance
pay, an amount equal to one hundred percent (100%) of Employee's base salary
under Section 4(a) in effect at time of termination of employment (e.g., at rate
of $280,000 plus CPI Adjustment per annum if termination is April 1, 2010) for a
period of three (3) years, or until Employee reaches age 65 or until Employee's
death, whichever first occurs.  The foregoing severance payments shall not apply
if (i) Employee is discharged for cause or (ii) Employee rejects a "proposed
renewal contract" having a term of at least three (3) years and otherwise having
at least the same terms and conditions as in effect on March 31, 2010, or at the
end of the term of any subsequent renewal contract, provided no such renewal
contract will continue past Employee's 65th birthday and will automatically
terminate on such date unless the parties otherwise mutually agree in writing.
Furthermore, if Employee violates the confidentiality clause in Section 3 or
violates or challenges the enforceability of any of the clauses of this Section
7, Employer may, in addition to all other remedies to which it is entitled,
cease the payments under this Section 7.  The severance pay hereunder is not
payable in the event Employee dies during the Term or for any time period
following his death during the above severance pay period.  In the event
Employee is disabled at the end of the Term and receiving payments under Section
4(c), then the payment under this Section 7 shall be at the rate of fifty
percent (50%), and not one hundred percent (100%), of Employee's base salary
under Section 4(a) in effect at time of termination of employment and shall be
in lieu of any payments under Section 4(c) which payments shall terminate so
that there is no duplication of payment; provided, however, if such disability
ceases prior to the end of the two (2) year time period, the payment rate shall
be one hundred percent (100%) so long as any disability does not recur.  During
the period in which Employer makes payment to Employee under this Section 7,
Employee agrees to be available for reasonable telephonic consultation as to
matters Employee worked on during the Term.

    8.  In the event any provision of Section 7 of this Agreement shall be held
invalid or unenforceable by reason of the geographic or business scope or the
duration thereof, such invalidity or unenforceability shall attach only to such
provision and shall not affect or render invalid or unenforceable any other
provision of this Agreement, and this Agreement shall be construed as if the
geographic or business scope or the duration of such provision had been more
narrowly drawn so as not to be invalid or unenforceable.

    9.  (a) Employee shall have the right to cancel and terminate this Agreement
on 75 days prior written notice from the date of occurrence if there has been a
"Change in Control of Employer", as hereinafter defined.  Upon such termination
becoming effective pursuant to such notice by Employee, (a) Employer and
Employee shall be released from all further liability and obligations provided
for in the Agreement, except that Employee shall still be subject to and bound
by his obligations under Section 7 as modified herein; (b) Employer shall pay to
Employee his Bonus for the prior calendar year (if not previously paid) as and
to the extent provided for in Section 4 (d); and (c) Employee shall be paid in a
lump sum on the effective date of termination the amount of $1,200,000.  If
Employee is incapacitated at the time of his notice under this Section 9(a), the
above payments shall be in lieu of the payments provided under Section 4(c)
which payments shall cease and terminate at the end of the 75 day notice period.
In the event of Employee's death during the 75 day notice period, any amounts
still payable to Employee by reason of such termination shall be paid to his
widow if she shall survive him, or if she shall predecease him, to his surviving
issue, per stirpes and not per capita.  The notice under this Section 9 must be
given within 60 days of the occurrence of the applicable event or be deemed
waived.  To the extent any such payments made pursuant to this Section 9(a)
above are deemed to be an "excess parachute payment" under Section 280G of the
Internal Revenue Code of 1986, as amended (the "Code") and are subject to tax
pursuant to Section 4999 of the Code, such payments shall be grossed up in such
a manner as to offset the effect of such excise tax on such payments.  For
purpose of this Section 9(a), the phrase "Change in Control of Employer" shall
be deemed to have occurred if (x) any person (as such term is used in Sections
13(d) and 14(d)(2) of the Securities Exchange Act of 1934) hereafter becomes the
beneficial owner, directly or indirectly, of securities of Employer,
representing 25% or more of the combined voting power of the Employer's then
outstanding securities (other than Richard Brandt and/or members of his family,
directly or indirectly through trusts or otherwise), and (y) during any period
of two (2) consecutive years, individuals who at the beginning of such period
constitute the Board of Directors of Employer cease by reason of a contested
election to constitute at least a majority thereof, unless Richard Brandt (or,
in the event of his death, a majority of David Brandt, Matthew Brandt and Thomas
Brandt) shall have approved such change in the majority.  For further purposes
of this Section 9(a) or in the event Employer rejects this Agreement in a
proceeding for relief under Chapter 11 of the Bankruptcy Code, then, in either
such case, the restriction in Section 7(ii) shall only apply to a customer of
Employer who was a customer during the six (6) month period prior to termination
of employment with respect to replacing Employer's leased products with
competitor's purchased or leased products or Employer's service contracts with
replacement service contracts for Employer's equipment, as long as such service
or lease agreement is in effect (including continuation of use or other
extension beyond the termination date thereof).  The restrictions in Section
7(i) and (iii) shall continue without modification, but the obligation to
provide telephonic consulting shall terminate.

        (b) In the event there is a Change in Control of Employer when a change
in the majority of the Board of Directors is approved as provided in Section
9(a) above, then notwithstanding such approval, (i) the Term of this Agreement
shall be extended for an additional three (3) years (each an "extended year")
through March 31, 2013, (ii) the salary during each such extended year shall be
at the higher of the annual rate of Two Hundred Ninety Five Thousand Dollars
($295,000) or the salary rate in effect on March 31, 2010 based on the CPI
Adjustment, (iii) the salary shall continue to be adjusted by the CPI Adjustment
for the last two years of the extended Term based on the increase from April 1,
2010, and (iv) Employee shall be entitled to a Bonus for each such extended year
equal to the greater of the Bonus rate in effect for 2009 or the highest annual
Bonus paid Employee during the five (5) calendar year period preceding such
approved Change in Control of Employer.  In the event of a Change in Control of
Employer, services rendered by Employee for the balance of the Term will be of a
type, dignity and nature appropriate to the President and Co-Chief Executive
Officer of the Employer and of similar responsibility and authority as then
being rendered.

        (c) In the event of a Change in Control of Employer under either (x)
Section 9(a), whether or not Employee terminates this Agreement, or (y) Section
9(b) above, then Employer shall give Employee, (i) to the extent Employer did
not receive credit for service because a freeze was in effect, additional ASRB
under Section 4(h) under the present Plan for the amount of such credit not
realized because of the freeze; and (ii) if the Employer discontinues such Plan,
(x) additional ASRB for the amount of credit for service not realized because of
discontinuance, and (y) ASRB as provided in Section 4(h) as if such Plan had not
been discontinued.

    10.  The waiver by Employer of a breach of any provision of this Agreement
by Employee shall not operate or be construed as a waiver of any subsequent
breach by Employee.

    11.  Any notice required or permitted to be given under this Agreement shall
be sufficient if in writing and served personally or sent by United States
certified or registered mail, return receipt requested, or overnight courier
such as Federal Express or Airborne to his address as stated on Employer's
records, in the case of Employee, or to the office of Trans-Lux Corporation,
attention of the Chairman or Chief Financial Officer, 110 Richards Avenue,
Norwalk, Connecticut 06856-5090, in the case of Employer, or such other address
as designated in writing by the parties.

    12.  This Agreement shall be construed in accordance with the laws of the
State of New York.

    13.  This instrument contains the entire agreement between the parties and
supersedes as of April 1, 2005 the Agreement between Employer and Employee dated
as of April 1, 2002 as amended except any amounts which accrued as of such date
and are unpaid but excluding any Bonus for the period January 1-March 31, 2005
which is covered by Section 4(d) hereof.  It may not be changed, modified,
extended or renewed orally except by an agreement in writing signed by the party
against whom enforcement of any waiver, change, modification, discharge or
extension is sought.

    IN WITNESS WHEREOF, this Agreement has been duly executed on the day and
year above written.

                                       TRANS-LUX CORPORATION

                                       By: /s/ Thomas Brandt
                                          ------------------------------------
                                          Executive Vice President

                                           /s/ Michael R. Mulcahy
                                          ------------------------------------
                                          Michael R. Mulcahy

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