Document:

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                                                                    EXHIBIT 10.1

                                SUPPORT AGREEMENT

         SUPPORT AGREEMENT (the "Agreement") dated as of May 7, 2003, between
 WYNNEFIELD CAPITAL MANAGEMENT, LLC, a Delaware limited liability company
 ("Wynnefield"), and CROWN CRAFTS, INC., a Georgia corporation (the "Company").

         WHEREAS, the Wynnefield Group (as hereinafter defined) currently owns
an aggregate of 1,395,535 shares of the Company's Series A Common Stock, par
value $1.00 per share (such class of common stock being referred to herein as
"Common Stock");

         WHEREAS, the Wynnefield Group wishes to acquire additional shares of
Common Stock without triggering the operation of the Company's Shareholder
Rights Plan (the "Rights Plan"), as set forth in that certain Rights Agreement
dated as of August 11, 1995 between the Company and SunTrust Bank (successor by
merger to Trust Company Bank), as amended, and the Company is willing to permit
Wynnefield to do so as long as the Company can be assured of a constructive and
mutually beneficial relationship between it and Wynnefield; and

         WHEREAS, in order to assure this type of relationship, the Company and
Wynnefield wish to enter into this Agreement;

         NOW, THEREFORE, in consideration of the foregoing recitals and the
mutual promises, representations, warranties, covenants and agreements set forth
herein, the parties, intending to be legally bound, hereby agree as follows:

1.       TERM OF AGREEMENT

         The respective covenants and agreements of Wynnefield and the Company
contained in this Agreement will continue in full force and effect until
December 31, 2008 (the "Termination Date"), unless earlier terminated pursuant
to paragraph 5 or subparagraph 6(b) hereof or pursuant to the mutual written
consent of Wynnefield and the Company.

2.       COVENANTS OF WYNNEFIELD

         Prior to the Termination Date or earlier termination of this Agreement
and subject to the further provisions hereof:

                  (a) Neither Wynnefield nor any person controlled by (within
the meaning of Rule 12b-2 under the Securities Exchange Act of 1934, as amended
(the "Exchange Act")) Wynnefield (collectively and together with Wynnefield, the
"Wynnefield Group") will, directly or indirectly, acquire any Voting Securities
(as hereinafter defined) (except by way of stock dividends or other
distributions or offerings made available to holders of Voting Securities
generally) if the effect of such acquisition would be to increase the aggregate
voting power in the election of directors of all Voting Securities then owned by
all members of the Wynnefield Group to greater than 20% of such total combined
voting power of all Voting Securities then outstanding; provided that this
subparagraph shall not apply if and to the extent that the aggregate percentage
ownership of the Wynnefield Group is increased as a result of a recapitalization
or reincorporation of the Company, any redemption of Voting Securities by the
Company, or any other action taken by the Company or its affiliates (as
hereinafter defined) other than the Wynnefield Group.

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         (b) Wynnefield shall take such action as may be required so that all
Voting Securities owned by any member of the Wynnefield Group are voted (whether
by proxy or otherwise) in favor of a proposal to effect a reincorporation by
merger of the Company with and into a newly-formed Delaware corporation
wholly-owned by the Company ("Newco") upon the consummation of which Newco will
be substantially identical to the Company, except that (i) the Rights Plan will
be terminated, and (ii) the charter of Newco (A) will impose certain transfer
restrictions on Newco's capital stock to help assure that the Company's net
operating loss carryforwards (the "NOLs") will continue to be available to
offset Newco's current and future taxable income (which transfer restrictions
will lapse once the NOLs have been fully utilized), (B) will provide for
modifications in the conversion ratios applicable to the Series B Common Stock
and Series C Common Stock and corresponding reductions in the number of shares
of capital stock designated as Series B Common Stock and Series C Common Stock
(and a corresponding increase in the number of shares of capital stock
designated as Series A Common Stock), (C) will include an increase in authorized
capital not to exceed 25,000,000 shares of capital stock in the event that the
Company has issued shares of capital stock pursuant to the Rights Plan prior to
the time of such reincorporation, and (D) will be subject to amendment upon the
approval of holders owning a majority of the capital stock of Newco entitled to
vote generally in the election of directors. The members of the Wynnefield
Group, as holders of Voting Securities, shall be present, in person or by proxy,
at all meetings of shareholders of the Company called with respect to such
reincorporation and of which the Wynnefield Group has received due notice, so
that all Voting Securities beneficially owned by them may be counted for the
purpose of determining the presence of a quorum at such meetings.

         (c) No member of the Wynnefield Group shall deposit any Voting
Securities in a voting trust or subject any Voting Securities to any arrangement
or agreement with respect to the voting of such Voting Securities to which any
of the following persons (collectively, the "Bernstein Group") is a party: (i)
Michael Bernstein or any person who any member of the Wynnefield Group knows to
be an affiliate, associate (as hereinafter defined) or relative (whether or not
they occupy the same home as Mr. Bernstein) of Mr. Bernstein or any 13D Group
(as hereinafter defined) of which Mr. Bernstein is a member, (ii) any person
who, to the knowledge of any member of the Wynnefield Group, is employed by any
corporation or other organization (other than the Company and its affiliates and
associates) of which Mr. Bernstein is an officer or partner or is, directly or
indirectly, the beneficial owner of 10% or more of any class of equity
securities of such corporation or other organization, or (iii) any person who,
to the knowledge of any member of the Wynnefield Group, is casting votes in
respect of Voting Securities beneficially owned by Mr. Bernstein.

         (d) No member of the Wynnefield Group shall solicit proxies or become a
"participant" in a "solicitation" (as such terms are defined in Regulation 14A
under the Exchange Act) made by any member of the Bernstein Group.

         (e) No member of the Wynnefield Group shall, for the purpose of, or in
connection with, acquiring, holding, voting or disposing of Voting Securities,
(i) join a partnership, limited partnership, syndicate or other group of which,
to its knowledge, any member of the Bernstein Group is, directly or indirectly,
a partner, member or participant, or (ii) otherwise act in concert with any
person who it knows to be a member of the Bernstein Group, or (iii) otherwise
become, together with any person who it knows to be a member of the Bernstein
Group, a "person" within the meaning of Section 13(d)(3) of the Exchange Act (in
each case other than solely with members of the Wynnefield Group).

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         (f) No member of the Wynnefield Group shall, directly or indirectly,
offer, sell or transfer any Voting Securities to any person who it knows to be a
member of the Bernstein Group.

3.       REPRESENTATIONS AND WARRANTIES

         (a) The Company hereby represents and warrants to Wynnefield as
follows:

                  (i) The Company is a corporation duly organized, validly
         existing and in good standing under the laws of the State of Georgia.

                  (ii) The Company has full legal right, power and authority to
         enter into and perform this Agreement, and the execution and delivery
         of this Agreement by the Company and the consummation of the
         transactions contemplated hereby have been duly authorized by the Board
         of Directors of the Company.

                  (iii) This Agreement constitutes a valid and binding agreement
         of the Company, enforceable against the Company in accordance with its
         terms except that (A) such enforcement may be subject to applicable
         bankruptcy, insolvency or other similar laws, now or hereafter in
         effect, affecting creditors' rights generally, and (B) the remedy of
         specific performance and injunctive and other forms of equitable relief
         may be subject to equitable defenses and to the discretion of the court
         before which any proceeding therefor may be brought.

         (b) Wynnefield hereby represents and warrants to the Company as
follows:

                  (i) Wynnefield is a limited liability company duly organized,
         validly existing and in good standing under the laws of the State of
         Delaware.

                  (ii) Wynnefield has full legal right, power and authority to
         enter into and perform this Agreement, and the execution and delivery
         of this Agreement by Wynnefield and the consummation by Wynnefield of
         the transactions contemplated hereby have been duly authorized by the
         managers of Wynnefield.

                  (iii) This Agreement constitutes a valid and binding agreement
         of Wynnefield, enforceable against Wynnefield in accordance with its
         terms except that (A) such enforcement may be subject to applicable
         bankruptcy, insolvency or other similar laws, now or hereafter in
         effect, affecting creditors' rights generally, and (B) the remedy of
         specific performance and injunctive and other forms of equitable relief
         may be subject to equitable defenses and to the discretion of the court
         before which any proceeding therefor may be brought.

                  (iv) As of the date hereof, the Wynnefield Group owns of
         record and beneficially an aggregate of 1,395,535 shares of Common
         Stock (the "Existing Shares"), and the Existing Shares constitute all
         of the shares of the Company's capital stock owned of record or
         beneficially by the Wynnefield Group. There are no outstanding options
         or other rights to acquire from Wynnefield, or obligations of
         Wynnefield to sell or to acquire, any shares of the Company's capital
         stock. Wynnefield has, directly or indirectly, the voting power, power
         of disposition and power to agree to all of the matters set forth in
         this Agreement, in each case

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         with respect to all of the Existing Shares with no limitations,
         qualifications or restrictions of any kind whatsoever, subject to
         applicable securities laws and the terms of this Agreement.

4.       CERTAIN DEFINITIONS

         For purposes of this Voting Agreement:

                  (a) "Affiliate" and "associate" shall each have the meaning
         set forth with respect thereto in Rule 12b-2 under the Exchange Act.

                  (b) "Beneficially own", "beneficial ownership" and "beneficial
         owner" with respect to any securities means having "beneficial
         ownership" of such securities, as determined pursuant to Rule 13d-3
         under the Exchange Act, without duplicative counting of the same
         securities by the same holder. Securities beneficially owned by a
         person include securities beneficially owned by all other persons with
         whom such person would constitute a "13D Group" with respect to
         securities of the same issuer.

                  (c) "Person" shall mean any individual, partnership,
         corporation, limited liability company, trust or other entity or
         association.

                  (d) "13D Group" shall mean any group of persons formed for the
         purpose of acquiring, holding, voting or disposing of Voting Securities
         which would be required under Section 13(d) of the Exchange Act and the
         rules and regulations thereunder (as now in effect and based on present
         legal interpretations thereof) to file a statement on Schedule 13D with
         the Securities and Exchange Commission as a "person" within the meaning
         of Section 13(d)(3) of the Exchange Act if such group beneficially
         owned Voting Securities representing more than 5% of the total combined
         voting power of all Voting Securities then outstanding.

                  (e) "Voting Securities" shall mean all classes of capital
         stock of the Company entitled to vote generally in the election of
         directors.

5.       TERMINATION

         Notwithstanding any other provision of this Agreement, either party may
terminate this Agreement, in its sole discretion, if (i) the other party fails
to perform or observe any of its obligations pursuant to this Agreement or (ii)
the members of the Wynnefield Group own, in the aggregate, Voting Securities
representing less than 5% of the total combined voting power of all outstanding
Voting Securities.

6.       MISCELLANEOUS

         (a) Wynnefield, on the one hand, and the Company, on the other,
acknowledge and agree that irreparable damage would occur in the event any of
the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that the
parties shall be entitled to an injunction or injunctions to prevent breaches of
the provisions of this Agreement and to enforce specifically the terms and
provisions hereof in any court of the United States or any state thereof having
jurisdiction, in addition to any other remedy to which they may be entitled at
law or equity.

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         (b) If any provision of this Agreement is in violation of any statute,
rule, regulation, order or decree of any governmental authority, court or
agency, or subjects any member of the Wynnefield Group to governmental
regulation to which it is not now subject, which violation or regulation would
have a material adverse impact on the operations of the Wynnefield Group taken
as a whole, then such member of the Wynnefield Group shall be relieved of its
obligations under such provision to the minimum extent necessary to cure such
violation or eliminate the applicability of such regulation; provided that this
subparagraph shall not apply to any such violation or regulation resulting from
activities or operations of any member of the Wynnefield Group other than its
ownership of Voting Securities and the consummation of the transactions
contemplated by this Agreement; and provided further that in the event any
member of the Wynnefield Group is relieved of its obligations under any
provision of this Agreement pursuant to this subparagraph, the Company may
terminate this Agreement in its sole discretion.

         (c) This Agreement contains the entire understanding of the parties
with respect to the transactions contemplated hereby, and this Agreement may be
amended only by an agreement in writing executed by the parties hereto.

         (d) Descriptive headings are for convenience only and shall not control
or affect the meaning or construction of any provision of this Agreement.

         (e) For the convenience of the parties, any number of counterparts of
this Agreement may be executed by the parties hereto and each such executed
counterpart shall be, and shall he deemed to be, an original instrument.

         (f) All notices, consents, requests, instructions, approvals and other
communications provided for herein and all legal process in regard hereto shall
be in writing and shall be deemed given upon (i) transmitter's confirmation of a
receipt of a facsimile transmission, (ii) confirmed delivery by a standard
overnight carrier or when delivered by hand, or (iii) the expiration of five
business days after the day when mailed by certified or registered mail, postage
prepaid, addressed at the following addresses (or at such other address for a
party as shall be specified by like notice):

                  THE COMPANY:

                           Crown Crafts, Inc.
                           P.O. Box 1028
                           Gonzales, LA  70707-1028
                           Attn:  Chief Executive Officer
                           Facsimile No.: (225) 647-9112

                  WYNNEFIELD:

                           Wynnefield Capital Management, LLC
                           450 Seventh Avenue, Suite 509
                           New York, New York 10123
                           Attn:  Max W. Batzer
                           Facsimile No.: (212) 760-0824

         (g) From and after the Termination Date or earlier termination of this
Agreement in accordance with the terms hereof, the covenants of the parties set
forth herein shall be of no further force or effect, and the parties shall be
under no further obligation with respect thereto.

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         (h) This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Georgia applicable to contracts made
and to be performed therein.

         (i) This Agreement shall become effective as of the day first above
written.

         IN WITNESS WHEREOF, Wynnefield and the Company have caused this
Agreement to be duly executed by their respective officers, each of whom is duly
authorized, all as of the day and year first above written.

                                                 CROWN CRAFTS, INC.

                                                 By:/s/ E. Randall Chestnut
                                                 ------------------------------
                                                 Name: E. Randall Chestnut
                                                 Title:  President and CEO

                                                 WYNNEFIELD CAPITAL
                                                  MANAGEMENT, LLC

                                                 By:/s/ Nelson Obus
                                                 ------------------------------
                                                 Name: Nelson Obus
                                                 Title:  President<PAGE>
                                                                    EXHIBIT 10.1

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

         THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement") is
dated as of February 13, 2003, by and between EDAC TECHNOLOGIES CORPORATION, a
Wisconsin corporation ("Edac"), and Dominick Pagano ("Mr. Pagano").

                                    RECITAL

         Edac and Mr. Pagano are parties to an Employment Agreement dated as of
August 13, 2002 (the "Employment Agreement");

         Edac and Mr. Pagano each desire to amend and restate the Employment
Agreement on the terms and conditions set forth below.

                                   AGREEMENTS

         In consideration of the premises and the mutual agreements which
follow, the parties agree as follows:

         1. Employment. Edac hereby employs Mr. Pagano and Mr. Pagano hereby
accepts employment with Edac on the terms and conditions set forth in this
Agreement.

         2. Term. The initial term of Mr. Pagano's employment hereunder shall
commence on the date hereof and continue for a period of twelve months, subject
to earlier termination as set forth in this Agreement. The term of Mr. Pagano's
employment will automatically be extended for successive periods of 90 days
unless either party notifies the other in writing to the contrary at least 30
days prior to any the end of the then current term of this Agreement. The term
of employment is referred to in this Agreement as the "Employment Term."

         3. Duties. Mr. Pagano shall serve as the President and Chief Executive
Officer of Edac and will, under the direction of the Board of Directors (the
"Board"), faithfully and to the best of his ability, perform the duties of such
positions as determined by the Board from time to time. As the President and
Chief Executive Officer, Mr. Pagano shall be responsible for managing the
business and affairs of Edac in a professional manner with the primary objective
of enhancing shareholder value and ensuring that Edac's customers, employees and
suppliers are treated in a manner consistent with Edac's Corporate Mission
Statement. Without limiting the generality of the foregoing, Mr. Pagano shall
supervise the operations of Edac and perform those duties normally associated
with the offices of President and Chief Executive Officer. Mr. Pagano shall also
perform such additional duties and responsibilities which may from time to time
be reasonably assigned or delegated by the Board. It is understood and
acknowledged that Mr. Pagano will be employed on less than a full time basis,
but that he will devote a sufficient part of his business time, effort, skill
and attention to perform his duties while employed by Edac.

<PAGE>

         4. Compensation.

                  (a) Base Salary. Mr. Pagano shall receive a base salary of
$15,000 per month, payable in regular and equal installments in accordance with
Edac's payroll practices as in effect from time to time (the "Base Salary").

                  (b) Stock Options. Pursuant to Edac's 2000-B Employee Stock
Option Plan (the "Plan"), and as set forth in the Employment Agreement, Edac
granted to Mr. Pagano options to purchase 140,000 shares of Edac's common stock.
Of such options, 56,000 vest on the date hereof, 42,000 vest on August 13, 2003,
and 42,000 vest on February 13, 2004. Mr. Pagano and Edac shall enter into an
Amended and Restated Granting Agreement, in the form of Exhibit A hereto, such
that the 84,000 options which have not yet vested shall vest on the date hereof.

                  (c) Directors' and Officers' Insurance. Mr. Pagano will be
named as an insured under Edac's policies of directors' and officers' liability
insurance in such a manner as to provide Mr. Pagano with the same rights and
benefits thereunder as are accorded to Edac's other executive officers and
directors.

         5. Reimbursement for Reasonable Business Expenses. Edac shall pay or
reimburse Mr. Pagano for reasonable expenses incurred by him in connection with
the performance of his duties pursuant to this Agreement, including, but not
limited to, travel expenses, expenses in connection with trade shows, seminars,
professional conventions or similar professional functions and other reasonable
business expenses.

         6. Termination of Employment.

                  (a) Termination for Death, Disability, Voluntary Termination
or Cause. Mr. Pagano's employment hereunder shall automatically terminate upon
his death. In addition, Edac shall be entitled to terminate Mr. Pagano's
employment at any time upon his "Disability." For purposes of this Agreement,
"Disability" shall mean a physical or mental sickness or injury which renders
Mr. Pagano incapable of performing the services required of him as an employee
of Edac and which does or may be expected to continue for more than three months
during any twelve-month period. Edac and Mr. Pagano shall determine the
existence of a Disability and the date upon which it occurred. In the event of a
dispute regarding whether or when a Disability occurred, the matter shall be
referred to a medical doctor selected by Edac and Mr. Pagano. If they fail to
agree upon such a medical doctor, Edac and Mr. Pagano shall each select a
medical doctor and the two doctors so selected shall together select a third
medical doctor who shall make the determination. The determination by the
selected medical doctor shall be conclusive and binding upon the parties hereto.

         If it becomes apparent that the Disability renders Mr. Pagano unable to
discharge his responsibilities and is supported by medical evidence that his
return cannot be determined, Edac may, in its discretion, terminate or modify
this Agreement once it is established that Mr. Pagano will not return to
full-time status.

         Edac may also terminate Mr. Pagano's employment under this agreement
for "Cause," effective immediately upon delivery of notice to Mr. Pagano.
"Cause" shall mean:

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                           (i) the willful and continued failure of Mr. Pagano
to perform substantially Mr. Pagano's duties with Edac or its affiliates (other
than any such failure resulting from incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to Mr.
Pagano by the Board which specifically identifies the manner in which the Board
believes that Mr. Pagano has not substantially performed his duties and after
Mr. Pagano is given at least 10 days to rectify or eliminate such failure;

                           (ii) the willful engaging by Mr. Pagano in illegal
conduct or gross misconduct which is materially and demonstrably injurious to
Edac;

                           (iii) the commission by Mr. Pagano of fraud or
dishonesty with respect to Edac which is materially and demonstrably injurious
to Edac or a material misrepresentation by Mr. Pagano to Edac's shareholders or
directors; or

                           (iv) a material breach of the terms of this Agreement
that is demonstratively injurious to Edac, which material breach is not cured by
Mr. Pagano within 10 days of written notice by Edac to Mr. Pagano specifying the
material breach in reasonable detail.

         If Mr. Pagano's employment terminates due to his Disability or death,
or if Mr. Pagano voluntarily terminates his employment or is terminated by Edac
for Cause, Mr. Pagano shall be entitled to receive his Base Salary and vested
fringe benefits prorated to the date of termination. If either Edac or Mr.
Pagano elects not to renew this Agreement pursuant to Section 2 hereof, Mr.
Pagano shall be entitled to receive his Base Salary and vested fringe benefits
to the end of the then-current Employment Term.

         In the event of termination for Cause, Mr. Pagano shall forfeit any
stock options that he may have at such time. If Mr. Pagano's employment
terminates for any other reason, Mr. Pagano's stock options shall lapse in
accordance with section 4 of the Plan.

                  (b) Termination Without Cause. Notwithstanding anything in
this Agreement to the contrary, if Mr. Pagano's employment is terminated by Edac
for any reason other than for Cause, Disability or death, or if this Agreement
is terminated by Edac for what Edac believes is Cause or Disability, and it is
ultimately determined that Mr. Pagano was wrongfully terminated, Mr. Pagano
shall, as full and liquidated damages for such termination, receive a severance
payment equal to his Base Salary for the then remaining Employment Term of this
Agreement (excluding any additional renewals thereof) (the "Severance"). The
Company shall pay the Severance in a single installment payable within 30 days
following the termination of Mr. Pagano's employment.

         7. Noncompetition. The parties agree that Edac's supplier, customer,
vendor and employee contacts and relations are established and maintained at
great expense and, by virtue of Mr. Pagano's employment with Edac, Mr. Pagano
will have unique and extensive exposure to and personal contact with Edac's
suppliers, customers, vendors and employees and that he will be able to
establish a unique relationship with those individuals and entities that will
enable him, both during and after employment, to unfairly compete with Edac.
Further, the parties agree that the terms and conditions of the following
restrictive covenants are reasonable and necessary for the protection of Edac's
business, trade secrets and confidential information and to prevent great

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damage or loss to Edac as a result of action taken by Mr. Pagano. Mr. Pagano
acknowledges that the noncompete restrictions and nondisclosure of confidential
information restrictions contained in this Agreement are reasonable and the
consideration provided for herein is sufficient to fully and adequately
compensate Mr. Pagano for agreeing to such restrictions. Mr. Pagano acknowledges
that he could continue to actively pursue his career and earn sufficient
compensation in the same or similar business without breaching any of the
restrictions contained in this Agreement. For purposes of this section 7 and
section 8 below, "Edac" shall refer to each of Edac Technologies Corporation and
each of its subsidiaries.

                  (a) During Term of Employment. Mr. Pagano covenants and agrees
that, during his employment with Edac, he shall not, directly or indirectly,
either individually or as an employee, principal, agent, partner, shareholder,
owner, trustee, beneficiary, co-venturer, distributor, consultant or in any
other capacity, participate in, become associated with, provide assistance to,
engage in or have a financial or other interest in any business, activity or
enterprise which is competitive with Edac. The ownership of less than a one
percent interest in a corporation whose shares are traded in a recognized stock
exchange or traded in the over-the-counter market, even though that corporation
may be a competitor of Edac, shall not be deemed financial participation in a
competitor.

                  (b) Upon Termination of Employment. Mr. Pagano agrees that for
a one-year period after Mr. Pagano's employment with Edac terminates for any
reason, he will not, directly or indirectly, either individually or as an
employee, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer,
distributor, consultant or in any other capacity:

                           (i) Request or advise any of the customers, vendors,
suppliers, or other business contacts of Edac who currently have or have had
business relationships with Edac within two years preceding the date of such
action, to withdraw, curtail or cancel any of their business or relations with
Edac.

                           (ii) Induce or attempt to induce any employee, sales
representative, supplier, consultant or personnel of Edac to terminate his or
her relationship or breach his or her agreements with Edac.

                           (iii) Participate in, become associated with, provide
assistance to, engage in or have a financial or other interest in any business,
activity or enterprise located within the Territory (as defined below) which is
competitive with the business of Edac or any successor or assign of Edac and
which conducts such competitive business within the Territory; provided,
however, that the ownership of less than 1% of the stock of a corporation whose
shares are traded in a recognized stock exchange or traded in the
over-the-counter market, even though that corporation may be a competitor of
Edac, shall not be deemed financial participation in a competitor. For purposes
of this Agreement, the term "Territory" shall mean the United States of America.
The Board may, in its sole discretion and at any time prior to the termination
of Mr. Pagano's employment by Edac, expand the Territory to include those
countries in which the Company or any of its subsidiaries does business.

         8. Confidential Information. The parties agree that Edac's customers,
business connections, customer lists, procedures, operations, techniques,
customer profiles and other

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aspects of its business are established at great expense and protected as
confidential information and provide Edac with a substantial competitive
advantage in conducting its business. The parties further agree that, by virtue
of Mr. Pagano's employment with Edac, he will have access to, and be entrusted
with, secret, confidential and proprietary information, and that Edac would
suffer great loss and injury if Mr. Pagano would disclose this information or
use it to compete with Edac. Therefore, Mr. Pagano agrees that during the term
of his employment, and for a period ending on the earlier of (a) two years after
the termination of his employment with Edac or (b) the date on which the
information referred to in this section becomes publicly known through no fault
of Mr. Pagano, he will not, directly or indirectly, either individually or as an
employee, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer,
distributor, consultant or in any other capacity, use or disclose, or cause to
be used or disclosed, any secret, confidential or proprietary information
acquired by Mr. Pagano during his employment with Edac whether owned by Edac
prior to or discovered and developed by Edac subsequent to Mr. Pagano's
employment, and regardless of the fact that Mr. Pagano may have participated in
the discovery and the development of that information, except for any such
information disclosed to Mr. Pagano by a third party who was not under any
obligation of confidence or secrecy to the Company at the time of such
disclosure.

         9. Law of Torts and Trade Secrets. The parties agree that nothing in
this Agreement shall be construed to limit or negate the statutory or common law
of torts or trade secrets where it provides Edac with broader protection than
that provided herein.

         10. Waiver. The failure of either party to insist, in any one or more
instances, upon performance of the terms or conditions of this Agreement shall
not be construed as a waiver or a relinquishment of any right granted hereunder
or of the future performance of any such term, covenant or condition.

         11. Notices. Any notice to be given hereunder shall be deemed
sufficient if addressed in writing, and delivered by registered or certified
mail or delivered personally, in the case of Edac, to its principal business
office, and in the case of Mr. Pagano, to his address appearing on the records
of Edac, or to such other address as he may designate in writing to Edac.

         12. Severability. If any provision of this Agreement is held to be
invalid or unenforceable for any reason whatsoever, it is agreed such invalidity
or unenforceability shall not affect any other provision of this Agreement and
the remaining covenants, restrictions and provisions hereof shall remain in full
force and effect and any court of competent jurisdiction may so modify the
objectionable provision as to make it valid, reasonable and enforceable.
Furthermore, the parties specifically acknowledge that the provisions of
sections 7(a), 7(b)(i), 7(b)(ii) and 7(b)(iii) are each separate and independent
agreements.

         13. Amendment. This Agreement may only be amended by an agreement in
writing signed by all of the parties hereto.

         14. Benefit. This Agreement shall be binding upon and inure to the
benefit of and shall be enforceable by and against Edac, its successors and
assigns and Mr. Pagano, his heirs, beneficiaries and legal representatives. It
is agreed that the rights and obligations of Mr. Pagano may not be delegated or
assigned.

                                       5
<PAGE>

         15. Entire Agreement. Except as provided under Section 17 hereof, this
Agreement constitutes the entire agreement between the parties hereto with
respect to the subject matter hereof and supersedes all prior agreements and
understandings among the parties with respect to such subject matter (including,
without limitation, the Consulting Agreement, dated as of July 18, 2002, and the
Employment Agreement, dated as of August 13, 2002, each by and between Edac and
Mr. Pagano).

         16. Miscellaneous. This Agreement shall be governed by and construed in
accordance with the laws of the State of Connecticut, without reference to
principles of conflict of laws. The captions of this Agreement are not part of
the provisions hereof and shall have no force or effect.

         17. Release. Mr. Pagano and Edac are parties to a Mutual Release dated
as of August 13, 2002. Such Mutual Release remains in all respects in full force
and effect and is not, in any manner, superseded by this Agreement.

         The parties have executed or caused this Agreement to be executed as of
the day, month and year first above written.

                                                   EDAC TECHNOLOGIES CORPORATION

                                                   BY /s/ Daniel C. Tracy
                                                      --------------------------
                                                      Daniel C. Tracy
                                                      Its Chairman

                                                      /s/ Dominick Pagano
                                                      --------------------------
                                                      Dominick Pagano

                                       6

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