Document:

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                                                                   Exhibit 10.35
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                        FACTORING AND SECURITY AGREEMENT

          THIS FACTORING AND SECURITY AGREEMENT is made as of December 28, 2001,
by and between INTERNATIONAL FLEX TECHNOLOGIES, INC., a Delaware corporation
("Seller"), and GREENFIELD COMMERCIAL CREDIT, L.L.C., a Michigan limited
liability company ("Purchaser").

          1.    Definitions.  The following terms used herein shall have the
following meaning.  All capitalized terms not herein defined shall have the
meaning set forth in the Uniform Commercial Code:

          "Avoidance Claim" - any claim that any payment received by Purchaser
from or for the account of an Account Debtor is avoidable under the Bankruptcy
Code or any other debtor relief statute.

          "Books and Records" - all books and records, including, without
limitation, all computer programs, printed output and computer readable data in
the possession or control of the Seller, any computer service bureau or other
third party;

          "Clearance Days" - (i) three (3) business days for checks drawn on
banks located within the state in which Purchaser has its principal place of
business; (ii) seven (7) business days for checks drawn on banks located outside
the state in which Purchaser has its principal place of business; (iii) zero (0)
business days for any electronic fund transfer.

          "Closed" - a Purchased Account is closed upon the first to occur of
(i) receipt of full payment by Purchaser or (ii) the unpaid Face Amount has been
charged to the Reserve Account by Purchaser pursuant to the terms hereof.

          "Collateral" - any collateral now or hereafter described in any form
UCC-1 filed against Seller naming Purchaser as the secured party, and all of
Seller's right, title and interest in and to the following property, now owned
and hereafter acquired:

               All Accounts due Seller from each Designated Account Debtor
          (including Purchased Accounts which are repurchased by Seller),
          including, but not limited to, all rights of Seller as a seller of
          goods, including rights of reclamation, replevin and stoppage in
          transit, all Books and Records relating thereto and all Proceeds
          thereof.

          "Designated Account Debtor" - each Account Debtor listed on Schedule A
attached hereto and incorporated herein by this reference, including as the same
may be amended and restated from time to time in the manner described in Section
17 hereof.

          "Discount Fee" - the Discount Fee Percent multiplied by the original
Face Amount of each Purchased Account.

          "Discount Fee Percent" - .75% for each ten (10) days or portion
thereof for the first (1st) ninety (90) days after the Purchase Date.
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          "Eligible Account" - an Account which is acceptable for purchase as
determined by Purchaser in the exercise of its reasonable sole credit or
business judgment and with respect to which all liens and security interests
thereon and therein, other than in favor of Purchaser, have been terminated.

          "Events of Default" - See Section 13.

          "Face Amount" - the face amount due on an Account at the time of
purchase.

          "Late Charge" - 1.5% for each ten (10) days or portion thereof.

          "Late Payment Date" - the date which is ninety (90) days from the date
on which a Purchased Account was Purchased.

          "Maximum Amount" - $4,000,000.00 minus the Sheldahl Factored Amount.

          "Misdirected Payment Fee" - five percent (5%) of the amount of any
payment on account of a Purchased Account which has been received by Seller and
not delivered in kind to Purchaser within five (5) International Flex
Technologies business days following the date of receipt by Seller.

          "Notation" - "This account has been assigned and is payable directly
to GREENFIELD COMMERCIAL CREDIT, located at 1301 W. Long Lake Road, Suite 190,
Troy, MI 48098, to whom notice of any claim or dispute must be advised, either
in writing or by telephone (248-267-6777)."

          "Obligations" - all present and future obligations owing by Seller to
Purchaser whether or not for the payment of money, whether or not evidenced by
any note or other instrument, whether direct or indirect, absolute or
contingent, due or to become due, joint or several, primary or secondary,
liquidated or unliquidated, secured or unsecured, original or renewed or
extended, whether arising before, during or after the commencement of any
Bankruptcy Case in which Seller is a Debtor, including but not limited to any
obligations arising pursuant to letters of credit or acceptance transactions or
any other financial accommodations.

          "Parties" - Seller and Purchaser.

          "Proceeds" - all Proceeds, including, but not limited to, General
Intangibles, insurance proceeds, claims against third parties for loss relating
to any of the foregoing, Instruments, Letter of Credit Rights, Supporting
Obligations, Investment Property and security interests in any property.

          "Purchase Date" - the date on which Seller has been advised in writing
that Purchaser has agreed to purchase an Account.

          "Purchase Discount" - the Reserve Percentage multiplied by the
original face amount of each Purchased Account.

          "Purchase Price" - the Face Amount less the Purchase Discount.

          "Purchased Accounts" - Accounts purchased hereunder which have not
been Repurchased.

          "Purchased Accounts Collateral" - all Purchased Accounts, all Books
and Records relating thereto and all Proceeds thereof.

          "Repurchase Amount" - for a Purchased Account, the unpaid Face Amount
thereof together with all unpaid fees relating thereto.

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          "Repurchased" - an Account has been repurchased when Seller has paid
to Purchaser the then unpaid Face Amount upon demand by Purchaser under the
terms hereof.

          "Required Reserve Amount" - the Reserve Percentage multiplied by the
unpaid balance of Purchased Accounts plus any Reserves.

          "Reserve Account" - a bookkeeping account on the books of the
Purchaser representing an unpaid portion of the Purchase Price, maintained by
Purchaser to ensure Seller's performance with the provisions hereof.

          "Reserve Percentage" - 20%.

          "Reserve Shortfall" - the amount by which the Reserve Account is less
than the Required Reserve Amount.

          "Reserves" - amounts established by Purchaser in its sole discretion,
for, by way of example only and not limitation, the following purposes:  payment
of fees and expenses due Purchaser under this Agreement, Purchased Accounts
which become doubtful as to collection in whole or in part or deductibles with
respect to credit insurance claims on Purchased Accounts.

          "Schedule of Accounts" - a form supplied by Purchaser from time to
time wherein Seller lists such of its Accounts due from Designated Account
Debtors as it requests that Purchaser purchase under the terms of this
Agreement.

          "Scheduled Termination Date" - June 28, 2002.

          "Sheldahl Factored Amount" - the total aggregate outstanding Purchase
Price of all Purchased Accounts under the Sheldahl Factoring Agreement.

          "Sheldahl Factoring Agreement" - that certain Factoring and Security
Agreement between Sheldahl, Inc., a Minnesota corporation, as Seller, and
Purchaser dated as of the date hereof, as amended.

          "Seller's DDA" - any demand deposit account maintained by Seller, or
represented by an employee of Seller to be maintained by Seller.

          2.    Sale; Purchase Price; Billing; Reserve.

                2.1.     Assignment and Sale.

                         2.1.1.  Seller shall offer to sell to Purchaser as
absolute owner, all of Seller's Accounts due Seller from each Designated Account
Debtor by listing them from time to time on Schedules of Accounts, sent by
Seller to Purchaser. Credit insurance shall be required, in Purchaser's sole
discretion, as a condition of Purchaser's purchase of each Account, the cost of
which shall be paid by Seller.

                         2.1.2.  Each Schedule of Accounts shall be accompanied
by such documentation supporting and evidencing the Account as Purchaser shall
from time to time request.

                         2.1.3.  Purchaser shall purchase from Seller such
Accounts as Purchaser determines to be Eligible Accounts, so long as the total
aggregate outstanding Purchase Price of all Purchased Accounts does not exceed,
before and after such purchase, the Maximum Amount.

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                         2.1.4.  Purchaser shall pay the Purchase Price by wire
transfer of immediately available funds, less any amounts due to Purchaser from
Seller, including, without limitation, any amounts due under Section 2.3 hereof,
of any Purchased Account, to Seller's DDA within two (2) business days of the
Purchase Date, whereupon the Accounts shall be deemed purchased hereunder.

               2.2.      Billing and Collection.  All Account Debtors will be
instructed to make payments to Purchaser.  As agent for Purchaser, Seller shall
send a monthly statement to all Account Debtors itemizing their account activity
during the preceding billing period and take other steps necessary to collect
the Purchased Accounts in a commercially reasonable manner consistent with past
practices; provided that Purchaser, at its option and upon ten (10) days' notice
to Seller, may terminate such agency and exclusively perform billing and
collection activities, which billing and collection activities shall be
performed in a commercially reasonable manner.

               2.3.      Reserve Account.

                         2.3.1.   Purchaser shall establish the Reserve Account
upon the date hereof and credit the Reserve Account in an amount equal to the
Face Amount less the Purchase Price of each Purchased Account.

                         2.3.2.   Purchaser shall charge the Reserve Account for
the Discount Fee for each Purchased Account until such Purchased Account is
collected or Repurchased, except for any Discount Fees included in any
Repurchase Amount charged to the Reserve Account pursuant to Section 5.

                         2.3.3.   Purchaser shall charge the Reserve Account for
each payment to Seller under Section 2.3.6 below.

                         2.3.4.   Purchaser may apply a portion of any Purchase
Price as a credit to the Reserve Account up to the amount of the Reserve
Shortfall.

                         2.3.5.   Seller shall pay to Purchaser on demand the
amount of any Reserve Shortfall.

                         2.3.6.   Purchaser shall pay to Seller, upon Seller's
request, any amount by which collected funds in the Reserve Account are greater
than the Required Reserve Amount; provided, that Seller shall be entitled to
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make such demand not more than once per week. Upon each such request by Seller,
Purchaser shall calculate and advise Seller of the Required Reserve Amount.

                         2.3.7.   Purchaser may charge the Reserve Account with
any Obligation, including any amounts due from Seller to Purchaser hereunder,
including, without limitation, any amounts due Purchaser pursuant to Section
9.8.

                         2.3.8.   Purchaser may pay any amounts due Seller
hereunder by a credit to the Reserve Account.

                         2.3.9.   Upon termination of this Agreement, Purchaser
may retain the Reserve Account for forty-five (45) days after collection or
repurchase by Seller of all Purchased Accounts to be applied to payment of any
Obligations which were unknown to Purchaser at the time of termination.

     3.        Authorization for Purchases.  Subject to the terms and conditions
of this Agreement, Purchaser is authorized to purchase Accounts upon telephonic,
facsimile or other instructions received from Peter J. Duff, Benoit Pouliquen,
Owen Gohlke, Dennis Hennesy, James Barnes, David Swenson or

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any officer, employee or representative of Seller who has been identified in
writing by Seller to Purchaser as an authorized representative.

     4.        Fees and Expenses.  Seller shall pay to Purchaser:

               4.1.   Misdirected Payment Fee.  Any Misdirected Payment Fee
immediately upon its accrual.

               4.2.   Late Charge.  The Late Charge on:

                      4.2.1. All past due amounts due from Seller to Purchaser
hereunder; and

                      4.2.2. The amount of any Reserve Shortfall.

               4.3.   Out-of-Pocket Expenses. The out-of-pocket expenses
directly incurred by Purchaser in the administration of this Agreement such as
wire transfer fees, postage and audit fees. Seller shall not be required to pay
for more than two audits per six month period.

     5.        Repurchase of Accounts.  Purchaser may require that Seller
repurchase any Purchased Account, by payment of the Repurchase Amount on demand.
Purchaser may require that Seller repurchase all Purchased Accounts upon the
occurrence of an Event of Default or upon the termination date of this
Agreement, by payment of the aggregate Repurchase Amount for all Purchased
Accounts on demand.  At Purchaser's option, Purchaser may charge the Reserve
Account for the Repurchase Amount for each Purchased Account so required to be
repurchased.

     6.        Security Interest.

               6.1.   As collateral securing the Obligations, Seller grants to
Purchaser a continuing first priority security interest in and to the
Collateral.

               6.2.   Notwithstanding the creation of the above security
interest, the relationship of the parties shall be that of Purchaser and Seller
of accounts, and not that of lender and borrower.

     7.        Clearance Days.  For all purposes under this Agreement, Clearance
Days will be added to the date on which any payment is received by Purchaser.

     8.        Authorization to Purchaser.

               8.1.   Seller hereby irrevocably authorizes Purchaser at Seller's
expense, to reasonably exercise at any time any of the following powers until
all of the Obligations have been paid in full: (a) receive, take, endorse,
assign, deliver, accept and deposit, in the name of Purchaser or Seller, any and
all cash, checks, commercial paper, drafts, remittances and other instruments
and documents relating to Purchased Accounts Collateral, (b) take or bring, in
the name of Purchaser or Seller, all steps, actions, suits or proceedings deemed
by Purchaser necessary or desirable to effect collection of or other realization
upon Purchased Accounts Collateral, (c) after an Event of Default, change the
address for delivery of mail to Seller and to receive and open mail addressed to
Seller which is related to the Purchased Accounts, (d) after an Event of
Default, extend the time of payment of, compromise or settle for cash, credit,
return of merchandise, and upon any terms or conditions, any and all Purchased
Accounts Collateral which includes a monetary obligation and discharge or
release any account debtor or other obligor (including filing of any public
record releasing any lien granted to Seller by such account debtor), without
affecting any of the Obligations, (e) execute in the name of Seller and file
against Seller in favor

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of Purchaser financing statements or amendments with respect to Purchased
Accounts Collateral, (f) pay any sums necessary to discharge any lien or
encumbrance which is senior to Purchaser's security interest in the Purchased
Accounts Collateral, which sums shall be included as Obligations hereunder, and
in connection with which sums the Late Charge shall accrue and shall be due and
payable, (g) file in the name of Seller or Purchaser or both, (1) mechanics lien
or related notices or (2) claims under any payment bond, in connection with
goods or services sold by Seller in connection with the improvement of realty,
and (h) notify any Account Debtor obligated with respect to any Account, that
the underlying Account has been assigned to Purchaser by Seller and that payment
thereof is to be made to the order of and directly and solely to Purchaser.

          8.2.  Seller hereby releases Purchaser, its officers, employees and
designees, from any liability arising from any acts under this Agreement or in
furtherance thereof whether of omission or commission, and whether based upon
any error of judgment or mistake of law or fact, except for willful misconduct
or gross negligence. In no event will Purchaser have any liability to Seller for
lost profits or other special or consequential damages. Without limiting the
generality of the foregoing, Seller releases Purchaser from any claims which
Seller may now or hereafter have arising out of Purchaser's endorsement and
deposit of checks issued by Seller's customers stating that they were in full
payment of an account, but issued for less than the full amount which may have
been owed on the account.

          8.3.  Seller authorizes Purchaser to reasonably accept, indorse and
deposit on behalf of Seller any checks tendered by an account debtor "in full
payment" of its obligation to Seller. Seller shall not assert against Purchaser
any claim arising therefrom, irrespective of whether such action by Purchaser
effects an accord and satisfaction of Seller's claims, under (S)3-311 of the
Uniform Commercial Code, or otherwise.

          8.4.  ACH Authorization. In order to satisfy any of the Obligations,
Purchaser is hereby authorized by Seller to initiate electronic debit or credit
entries through the ACH system to Seller's DDA or any other deposit account
maintained by Seller wherever located. Seller may only terminate this
authorization by giving Purchaser thirty (30) days prior written notice of
termination.

     9.   Covenants By Seller.

          9.1.  After written notice by Purchaser to Seller, and automatically,
without notice, after an Event of Default, Seller shall not, without the prior
written consent of Purchaser in each instance, (a) grant any extension of time
for payment of any of the Purchased Accounts Collateral which includes a
monetary obligation, (b) compromise or settle any of the Purchased Accounts
Collateral for less than the full amount thereof, (c) release in whole or in
part any account debtor or other person liable for the payment of any of the
Purchased Accounts Collateral, or (d) grant any credits, discounts, allowances,
deductions, return authorizations or the like with respect to any of the
Purchased Accounts Collateral.

          9.2.  From time to time as requested by Purchaser, at the sole expense
of Seller, Purchaser or its designee shall have access, during reasonable
business hours not more frequently than quarterly if prior to an Event of
Default and at any time if on or after an Event of Default, to all premises
where Purchased Accounts Collateral is located for the purposes of inspecting
(and removing, if after the occurrence of an Event of Default) any of the
Purchased Accounts Collateral, including Books and Records, and Seller shall
permit Purchaser or its designee to make copies of such Books and Records or
extracts therefrom as Purchaser may request. The fee for each such examination
shall be $1,000.00 per day plus expenses. Without expense to Purchaser, after an
Event of Default, Purchaser may use any of Seller's personnel, equipment,
including computer equipment, programs, printed output and computer readable
media, supplies and premises for the collection of accounts and realization on
the Purchased Accounts Collateral as Purchaser, in its sole discretion, deems
appropriate. Seller hereby irrevocably

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authorizes all accountants and third parties to disclose and deliver to
Purchaser at Seller's expense all financial information, books and records, work
papers, management reports and other information in their possession relating to
Purchased Accounts Collateral.

          9.3.   Before sending any invoice evidencing an Account to an Account
Debtor, Seller shall mark same with the Notation, or such other notation as
Purchaser shall have advised Seller in writing.

          9.4.   Seller shall pay when due all payroll and other taxes, and
shall provide proof thereof to Purchaser in such form as Purchaser shall
reasonably require.

          9.5.   Seller shall not create, incur, assume or permit to exist any
lien upon or with respect to any Purchased Accounts Collateral now owned or
hereafter acquired by Seller.

          9.6.   Seller shall maintain insurance on all insurable property
owned or leased by Seller in the manner, to the extent and against at least such
risks (in any event, including but not limited to fire and business interruption
insurance) as usually maintained by owners of similar businesses and properties
in similar geographic areas.

          9.7.   Notwithstanding that Seller has agreed to pay the Misdirected
Payment Fee pursuant to Section 4.1 hereof, Seller shall deliver in kind to
Purchaser on the next banking day following the date of receipt by Seller of the
amount of any payment on account of a Purchased Account.

          9.8.   Seller shall indemnify Purchaser from any loss arising out
of the assertion of any Avoidance Claim.  Seller shall notify Purchaser within
two business days of it becoming aware of the assertion of an Avoidance Claim.

          9.9.   Seller shall furnish Buyer within thirty (30) days after the
end of each month an internally prepared income statement and balance sheet
prepared on a basis consistent with such statement prepared in prior months and
in accordance with generally accepted accounting principles and within ninety
(90) days after the end of each fiscal year of Seller, Seller's financial
statements audited by independent, certified public accountants and prepared in
accordance with generally accepted accounting principles applied on a basis
consistent with prior year-end statements.

     10.  Account Disputes.  Seller shall notify Purchaser promptly of and,
if requested by Purchaser, will settle all disputes concerning any Purchased
Account, at Seller's sole cost and expense.  However, Seller shall not, without
Purchaser's prior written consent, compromise or adjust any Purchased Account or
grant any additional discounts, allowances or credits thereon.  Purchaser may,
but is not required to, attempt to settle, compromise, or litigate
(collectively, "Resolve") the dispute upon such terms as Purchaser in its sole
discretion deem advisable, for Seller's account and risk and at Seller's sole
expense.  Upon the occurrence of an Event of Default, Purchaser may Resolve such
issues with respect to any Purchased Account.

     11.  Perfection of Security Interest.  Seller hereby authorizes
Purchaser to file such documents and instruments, including, without limitation,
Uniform Commercial Code financing statements, as Purchaser may deem necessary
from time to time in order to evidence and perfect its security interest in any
Collateral securing the Obligations.

     12.  Representation and Warranty. Seller represents and warrants that:

          12.1.     it is fully authorized to enter into this Agreement and to
perform hereunder;

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          12.2.  this Agreement constitutes its legal, valid and binding
obligation; and

          12.3.  Seller is solvent and in good standing in the State of its
organization.

     13.  Default.

          13.1.  Events of Default.  The following events will constitute an
Event of Default hereunder: (a) Seller defaults in the payment of any
Obligations or in the performance of any provision hereof or of any other
agreement now or hereafter entered into with Purchaser, or any warranty or
representation contained herein proves to be false in any material respect, (b)
Seller becomes subject to any debtor-relief proceedings, (c) Purchaser for any
reason, in good faith, deems itself insecure with respect to the prospect of
repayment or performance of the Obligations.

          13.2.  Waiver of Notice. SELLER WAIVES ANY REQUIREMENT THAT PURCHASER
INFORM SELLER BY AFFIRMATIVE ACT OR OTHERWISE PRIOR TO ANY ACCELERATION OF
SELLER'S OBLIGATIONS HEREUNDER. FURTHER, PURCHASER'S FAILURE TO CHARGE OR ACCRUE
INTEREST OR FEES AT ANY "DEFAULT" OR "PAST DUE" RATE SHALL NOT BE DEEMED A
WAIVER BY PURCHASER OF ITS CLAIM THERETO.

          13.3.  Effect of Default.

                 13.3.1.  Upon the occurrence of any Event of Default, in
addition to any rights Purchaser has under this Agreement or applicable law,
Purchaser may immediately terminate this Agreement, at which time all
Obligations shall become immediately due and payable without notice.

                 13.3.2.  The Late Charge shall accrue and be payable on demand
on any Obligation not paid when due.

     14.  Account Stated.  Purchaser shall render to Seller a statement
setting forth the transactions arising hereunder.  Each statement shall be
considered correct and binding upon Seller as an account stated, except to the
extent that Purchaser receives, within sixty (60) days after the mailing of such
statement, written notice from Seller of any specific exceptions by Seller to
that statement, and then it shall be binding against Seller as to any items to
which it has not objected.

     15.  Waiver. No failure to exercise and no delay in exercising any right,
power, or remedy hereunder shall impair any right, power, or remedy which
Purchaser may have, nor shall any such delay be construed to be a waiver of any
of such rights, powers, or remedies, or any acquiescence in any breach or
default hereunder; nor shall any waiver by Purchaser of any breach or default by
Seller hereunder be deemed a waiver of any default or breach subsequently
occurring. All rights and remedies granted to Purchaser hereunder shall remain
in full force and effect notwithstanding any single or partial exercise of, or
any discontinuance of action begun to enforce, any such right or remedy. The
rights and remedies specified herein are cumulative and not exclusive of each
other or of any rights or remedies which Purchaser would otherwise have. Any
waiver, permit, consent or approval by Purchaser of any breach or default
hereunder must be in writing and shall be effective only to the extent set forth
in such writing and only as to that specific instance.

     16.  Effective Date; Termination. This Agreement will be effective when
accepted by Purchaser and will continue in full force and effect until the
Scheduled Termination Date. Seller or Purchaser may terminate this Agreement
prior to the Scheduled Termination Date at any time upon ten (10) days notice.

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     17.  Amendment. Neither this Agreement nor any provisions hereof may be
changed, waived, discharged or terminated, nor may any consent to the departure
from the terms hereof be given, orally (even if supported by new consideration),
but only by an instrument in writing signed by all parties to this Agreement.
Any waiver or consent so given shall be effective only in the specific instance
and for the specific purpose for which given. Amendments and restatements of
Schedule A for the purpose of adding or deleting Designated Account Debtors may
be made by the execution by Seller and Purchaser of an amended and restated
Schedule A bearing the effective date thereof, the date of execution thereof and
sequentially designated as the First Amended and Restated Schedule A, etc.

     18.  No Lien Termination Without Release. In recognition of the Purchaser's
right to have its attorneys' fees and other expenses incurred in connection with
this Agreement secured by the Collateral, notwithstanding payment in full of all
Obligations by Seller, Purchaser shall not be required to record any
terminations or satisfactions of any of Purchaser's liens on the Collateral
unless and until Seller has executed and delivered to Purchaser a general
release in a form reasonably satisfactory to Purchaser. Seller understands that
this provision constitutes a waiver of its rights under (S)9-509 of the UCC.

     19.  Conflict. Unless otherwise expressly stated in any other agreement
between Purchaser and Seller, if a conflict exists between the provisions of
this Agreement and the provisions of such other agreement, the provisions of
this Agreement shall control.

     20.  Survival. All representations, warranties and agreements herein
contained shall be effective so long as any portion of this Agreement remains
executory.

     21.  Severability. In the event any one or more of the provisions contained
in this Agreement is held to be invalid, illegal or unenforceable in any
respect, then such provision shall be ineffective only to the extent of such
prohibition or invalidity, and the validity, legality, and enforceability of the
remaining provisions contained herein shall not in any way be affected or
impaired thereby.

     22.  Enforcement. This Agreement and all agreements relating to the subject
matter hereof are the product of negotiation and preparation by and among each
party and its respective attorneys, and shall be construed accordingly.

     23.  Relationship of Parties. The relationship of the parties hereto shall
be that of a seller and a purchaser of accounts, and neither party is or shall
be deemed a fiduciary of or to the other.

     24.  Attorneys Fees. Seller agrees to reimburse Purchaser on demand for:

          24.1.  The actual amount of all costs and expenses, including
reasonable attorneys' fees, which Purchaser has incurred or may incur in:

                 24.1.1.  Negotiating, preparing, or administering this
Agreement and any documents prepared in connection herewith, all of which shall
be paid contemporaneously with the execution hereof;

                 24.1.2.  Any way arising out of this Agreement;

                 24.1.3.  Protecting, preserving or enforcing any lien, security
interest or other right granted by Seller to Purchaser or arising under
applicable law, whether or not suit is brought, including but not limited to the
defense of any Avoidance Claims;

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          24.2.  The actual costs, including photocopying (which, if performed
by Purchaser's employees, shall be at the rate of $.10/page), travel, and
attorneys' fees and expenses incurred in complying with any subpoena or other
legal process attendant to any litigation in which Seller is a party;

          24.3.  The actual amount of all costs and expenses, including
attorneys' fees, which Purchaser may incur in enforcing this Agreement and any
documents prepared in connection herewith, or in connection with any federal or
state insolvency proceeding commenced by or against Seller, including those (i)
arising out the automatic stay, (ii) seeking dismissal or conversion of the
bankruptcy proceeding or (iii) opposing confirmation of Seller's plan
thereunder.

Any such costs and expenses incurred subsequent to the execution hereof shall
become part of the Obligations when incurred and may be added to the outstanding
principal amount due hereunder.

     25.  Entire Agreement. This Agreement supersedes all prior or
contemporaneous agreements and understandings between said parties, verbal or
written, express or implied, relating to the subject matter hereof. No promises
of any kind have been made by Purchaser or any third party to induce Seller to
execute this Agreement. No course of dealing, course of performance or trade
usage, and no parole evidence of any nature, shall be used to supplement or
modify any terms of this Agreement.

     26.  Choice of Law. This Agreement and all transactions contemplated
hereunder and/or evidenced hereby shall be governed by, construed under, and
enforced in accordance with the internal laws of the State of Michigan.

     27.  JURY TRIAL WAIVER. IN RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH
MAY RESULT FROM A JURY TRIAL, THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY
JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING HEREUNDER, OR
(B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PARTIES HERETO OR ANY OF THEM WITH RESPECT HERETO, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR
OTHERWISE; AND EACH PARTY FURTHER WAIVES ANY RIGHT TO CONSOLIDATE ANY SUCH
           ---------------------------------------------------------------
ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A
-----------------------------------------------------------------------------
JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED; AND EACH PARTY HEREBY AGREES AND
-------------------------------------------
CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED
BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     28.  Venue; Jurisdiction. The parties agree that any suit, action or
proceeding arising out of the subject matter hereof, or the interpretation,
performance or breach of this Agreement, shall, if Purchaser so elects, be
instituted in the United States District Court for the Eastern District of
Michigan or any court of the State of Michigan located in Oakland County (the
"Acceptable Forums"), each party agrees that the Acceptable Forums are
convenient to it, and each party irrevocably submits to the jurisdiction of the
Acceptable Forums, irrevocably agrees to be bound by any judgment rendered
                   -------------------------------------------------------
thereby in connection with this Agreement, and waives any and all objections to
-----------------------------------------
jurisdiction or venue that it may have under the laws of the State of Michigan
or otherwise in those courts in any such suit, action or proceeding.  Should
such proceeding be initiated in any other forum, Seller waives any right to
oppose any motion or application made by Purchaser as a consequence of such
proceeding having been commenced in a forum other than an Acceptable Forum.

                                       10
<PAGE>

     29.  Notice.

          29.1.  All notices required to be given to any party shall be deemed
given upon the first to occur of (i) two (2) business days' deposit thereof in a
receptacle under the control of the United States Postal Service, (ii)
transmittal by electronic means to a receiver under the control of such party,
or (iii) actual receipt by such party or an employee or agent of such party.

          29.2.  For the purposes hereof, notices hereunder shall be sent to the
following addresses, or to such other addresses as each such party may in
writing hereafter indicate:

SELLER

ADDRESS:                     1093 Clark Street
                             Endicott, New York 13760
OFFICER:                     Peter J. Duff
FAX NUMBER:                  507-663-8545

PURCHASER

ADDRESS:                     1301 W. Long Lake Road, Suite 190
                             Troy, Michigan 48098
OFFICER:                     Steven B. Tomasello
FAX NUMBER:                  248-267-6780

     30.  Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if all
signatures were upon the same instrument. Delivery of an executed counterpart of
the signature page to this Agreement by facsimile shall be effective as delivery
of a manually executed counterpart of this Agreement, and any party delivering
such an executed counterpart of the signature page to this Agreement by
facsimile to any other party shall thereafter also promptly deliver a manually
executed counterpart of this Agreement to such other party, provided that the
failure to deliver such manually executed counterpart shall not affect the
validity, enforceability, or binding effect of this Agreement.

     IN WITNESS WHEREOF, the Parties have executed this agreement on the day and
year first above written.

SELLER:                       INTERNATIONAL FLEX TECHNOLOGIES, INC.,
                              a Delaware corporation

                              By:   /s/ Peter J. Duff
                                 -------------------------------
                                     Peter J. Duff
                              Its:   Chief Financial Officer

STATE OF MINNESOTA  )
                    ) SS.
COUNTY OF RICE      )

     On the 28th day of December, 2001, before me, a Notary Public in and for
said county and state, personally appeared Peter J. Duff, Chief Financial
Officer of International Flex Technologies, Inc., a Delaware corporation, known
to me to be the person who executed the within instrument on behalf of said

                                       11
<PAGE>

corporation and acknowledged that he executed the same as his free act and deed
on behalf of said corporation

                                         /s/ Debra K. Larson
                                      ----------------------------
                                      Notary Public

                                       12
<PAGE>

PURCHASER:                    GREENFIELD COMMERCIAL CREDIT, L.L.C.,
                              a Michigan limited liability company
                              By:   GCC Management, Inc.
                              Its:  Manager

                              By:   /s/ Donald G. Barr, Jr.
                                    -------------------------------
                                     Donald G. Barr, Jr.
                              Its:   President

                                       13EXHIBIT 4(a)

                          WINTON FINANCIAL CORPORATION
                      1999 STOCK OPTION AND INCENTIVE PLAN

         1. Purpose. The purpose of the Winton Financial Corporation 1999 Stock
Option and Incentive Plan (this "Plan") is to promote and advance the interests
of Winton Financial Corporation (the "Company") and its shareholders by enabling
the Company to attract, retain and reward directors, managerial and other
employees of the Company and any Subsidiary (hereinafter defined) and to
strengthen the mutuality of interests between such directors and employees and
the Company's shareholders by providing such persons with a proprietary interest
in pursuing the long-term growth, profitability and financial success of the
Company.

         2.  Definitions.  For purposes of this Plan, the following terms shall
have the meanings set forth below:

                  (a) "Award" means the grant by the Committee of an Incentive
         Stock Option, a Non-Qualified Stock Option or a Stock Appreciation
         Right, or any combination thereof, as provided in the Plan.

                  (b) "Board" means the Board of Directors of the Company.

                  (c) "Code" means the Internal Revenue Code of 1986, as
         amended, or any successor thereto, together with rules, regulations and
         interpretations promulgated thereunder.

                  (d) "Committee" means the Committee of the Board constituted
         as provided in Section 3 of this Plan.

                  (e) "Common Shares" means the common shares, without par
         value, of the Company or any security of the Company issued in
         substitution, in exchange or in lieu thereof.

                  (f) "Company" means Winton Financial Corporation, an Ohio
         corporation, or any successor corporation.

                  (g) "Employment" means regular employment with the Company or
         a Subsidiary and does not include service as a director only.

                  (h) "ERISA" means the Employment Retirement Income Security
         Act, as amended, or any successor thereto, together with rules,
         regulations and interpretations promulgated thereunder.

                  (i) "Exchange Act" means the Securities Exchange Act of 1934,
         as amended, or any successor statute.

                  (j) "Fair Market Value" shall mean the average of the highest
         and the lowest selling price on the American Stock Exchange, Inc. on
         the date such Stock Option is granted or, if there were no sales on
         such date, then on the next prior business day on which there was a
         sale.

                  (k) "Incentive Stock Option" means any Stock Option granted
         pursuant to the provisions of Section 6 of this Plan which is intended
         to be and is specifically designated as an "incentive stock option"
         within the meaning of Section 422 of the Code.

                  (l) "Non-Qualified Stock Option" means any Stock Option
         granted pursuant to the provisions of Section 6 of this Plan which is
         not an Incentive Stock Option.

                  (m) "OTS" means the Office of Thrift Supervision, Department
         of the Treasury.

                  (n) "Participant" means an employee or director of the Company
         or a Subsidiary who is granted a Stock Option under this Plan.
         Notwithstanding the foregoing, for the purposes of the granting of any
         Incentive Stock Option under this Plan, the term "Participant" shall
         include only employees of the Company or a Subsidiary.

                  (o) "Plan" means the Winton Financial Corporation 1999 Stock
         Option and Incentive Plan, as set forth herein and as it may be
         hereafter amended from time to time.

<PAGE>
                  (p) "Related" means (i) in the case of a Stock Appreciation
         Right, a Stock Appreciation Right which is granted in connection with,
         and to the extent exercisable, in whole or in part, in lieu of, an
         Option and (ii) in the case of an Option, an Option with respect to
         which and to the extent to which a Stock Appreciation Right is
         exercisable, in whole or in part, in lieu thereof has been granted.

                  (q) "Repurchase Right" means the right defined in Section 10
         of this Plan.

                  (r) "Stock Appreciation Right" means a Stock Appreciation
         Right with respect to shares granted by the Committee pursuant to
         Section 11 hereof.

                  (s) "Stock Option" means an award to purchase Common Shares
         granted pursuant to the provisions of Section 6 of this Plan.

                  (t) "Subsidiary" means any corporation or entity in which the
         Company directly or indirectly controls 50% or more of the total voting
         power of all classes of its stock having voting power and includes,
         without limitation, The Winton Savings and Loan Co.

                  (u) "Terminated for Cause" means any removal of a director or
         discharge of an employee for personal dishonesty, incompetence, willful
         misconduct, breach of fiduciary duty involving personal profit,
         intentional failure to perform stated duties, willful violation of a
         material provision of any law, rule or regulation (other than traffic
         violations or similar offenses), a material violation of a final
         cease-and-desist order or any other action of a director or employee
         which results in a substantial financial loss to the Company or a
         Subsidiary.

         3.       Administration.

                  (a) This Plan shall be administered by the Committee, which
         shall be comprised of not fewer than three of the members of the Board.
         The members of the Committee shall be appointed from time to time by
         the Board. Members of the Committee shall serve at the pleasure of the
         Board, and the Board may from time to time remove members from, or add
         members to, the Committee. A majority of the members of the Committee
         shall constitute a quorum for the transaction of business. An action
         approved in writing by a majority of the members of the Committee then
         serving shall be fully as effective as if the action had been taken by
         unanimous vote at a meeting duly called and held.

                  (b) The Committee is authorized to construe and interpret this
         Plan and to make all other determinations necessary or advisable for
         the administration of this Plan. The Committee may designate persons
         other than members of the Committee to carry out its responsibilities
         under such conditions and limitations as it may prescribe. Any
         determination, decision or action of the Committee in connection with
         the construction, interpretation, administration, or application of
         this Plan shall be final, conclusive and binding upon all persons
         participating in this Plan and any person validly claiming under or
         through persons participating in this Plan. The Company shall effect
         the granting of Stock Options under this Plan in accordance with the
         determinations made by the Committee, by execution of instruments in
         writing in such form as approved by the Committee.

         4.       Duration of, and Common Shares Subject to, this Plan.

                  (a) Term. This Plan shall terminate on the date which is ten
         (10) years from the date on which this Plan is adopted by the Board,
         except with respect to Stock Options then outstanding. Notwithstanding
         the foregoing, no Incentive Stock Option may be granted under this Plan
         after the date which is ten (10) years from the date on which this Plan
         is adopted by the Board or the date on which this Plan is approved by
         the shareholders of the Company, whichever is earlier.

                  (b) Common Shares Subject to Plan. The maximum number of
         Common Shares in respect of which Awards may be granted under this
         Plan, subject to adjustment as provided in Section 9 of this Plan,
         shall be 401,530 Common Shares.

         For the purpose of computing the total number of Common Shares
available for Awards under this Plan, there shall be counted against the
foregoing limitations the number of Common Shares subject to issuance upon
exercise or settlement of Stock Options as of the dates on which such Stock
Options are granted. If any Stock Options or Stock Appreciation Rights are
forfeited, terminated or exchanged for other Stock Appreciation Rights or Stock

                                       2
<PAGE>

Options, or expire unexercised, the Common Shares which were theretofore subject
to such Awards shall again be available for Awards under this Plan to the extent
of such forfeiture, termination or expiration of such Awards.

         Common Shares which may be issued under this Plan may be either
authorized and unissued shares or issued shares which have been reacquired by
the Company. No fractional shares shall be issued under this Plan.

         5. Eligibility and Grants. Persons eligible for Awards under this Plan
shall consist of directors and managerial and other key employees of the Company
or a Subsidiary who hold positions with significant responsibilities or whose
performance or potential contribution, in the judgment of the Committee, will
benefit the future success of the Company or a Subsidiary. In selecting the
directors and employees to whom Awards will be made and the number of shares
subject to such Awards, the Committee shall consider the position, duties and
responsibilities of the eligible directors and employees, the value of their
services to the Company and the Subsidiaries and any other factors the Committee
may deem relevant.

         6. Stock Options. Stock Options granted under this Plan may be in the
form of Incentive Stock Options or Non-Qualified Stock Options, and such Stock
Options shall be subject to the following terms and conditions and in such form
as the Committee may from time to time approve and shall contain such additional
terms and conditions as the Committee shall deem desirable, not inconsistent
with the express provisions of the Plan:

                  (a) Grant.  Stock Options may be granted under this Plan on
         terms and conditions not inconsistent with the provisions of this Plan.

                  (b) Stock Option Price. The option exercise price per Common
         Share purchasable under a Stock Option shall be determined by the
         Committee at the time of grant; provided, however, that in no event
         shall the exercise price of an Incentive Stock Option be less than 100%
         of the Fair Market Value of the Common Shares on the date of the grant
         of such Incentive Stock Option, and in the case of a Participant who
         owns Common Shares representing more than 10% of the outstanding Common
         Shares at the time an Incentive Stock Option is granted, the option
         exercise price shall in no event be less than 110% of the Fair Market
         Value of the Common Shares at the time the Incentive Stock Option is
         granted to such Participant.

                  (c) Stock Option Terms. Subject to the right of the Company to
         provide for earlier termination in the event of any merger, acquisition
         or consolidation involving the Company, the term of each Stock Option
         shall be fixed by the Committee; provided, however, that the term of an
         Incentive Stock Option will not exceed ten years after the date the
         Incentive Stock Option is granted; provided further, however, that in
         the case of a Participant who owns a number of Common Shares
         representing more than 10% of the Common Shares outstanding at the time
         the Incentive Stock Option is granted, the term of the Incentive Stock
         Option shall not exceed five years.

                  (d) Exercisability. Except as set forth in this Plan or as
         designated by the Committee at the time of grant, Stock Options awarded
         under this Plan shall be immediately exercisable in full.

                  (e) Method of Exercise. A Stock Option may be exercised, in
         whole or in part, by giving written notice of exercise to the Company
         specifying the number of Common Shares to be purchased. Such notice
         shall be accompanied by payment in full of the purchase price in cash
         or, if acceptable to the Committee in its sole discretion, in Common
         Shares already owned by the Participant, or by surrendering outstanding
         Stock Options. The Committee may also permit Participants, either on a
         selective or aggregate basis, to simultaneously exercise Stock Options
         and sell Common Shares thereby acquired, pursuant to a brokerage or
         similar arrangement, approved in advance by the Committee, and use the
         proceeds from such sale as payment of the purchase price of such
         shares.

                  (f) Special Rule for Incentive Stock Options. With respect to
         Incentive Stock Options granted under this Plan, to the extent the
         aggregate Fair Market Value (determined as of the date the Incentive
         Stock Option is granted) of the number of shares with respect to which
         Incentive Stock Options are exercisable under all plans of the Company
         or a Subsidiary for the first time by a Participant during any calendar
         year exceeds $100,000, or such other limit as may be required by the
         Code, such Stock Options shall be Non-Qualified Stock Options to the
         extent of such excess.

         7.  Effect of Termination of Employment, Disability, Death or Change
in Control.

                  (a) Except in the event of the death or disability of a
         Participant or in the event a Participant is Terminated for Cause, upon

                                       3
<PAGE>

         the resignation, removal or retirement from the board of directors of
         any Participant who is a director of the Company or a Subsidiary or
         upon the termination of Employment of a Participant who is not a
         director of the Company or a Subsidiary, all Stock Options which have
         not yet become exercisable shall thereupon terminate and be of no
         further force or effect, and, unless the Committee shall specifically
         state otherwise at the time a Stock Option is granted, all Stock
         Options which have become exercisable shall terminate if they are not
         exercised by the earlier of (i) the respective dates of such Stock
         Options or (ii) the date which is three (3) months after such
         resignation, removal, retirement or termination of Employment.

                  (b) Unless the Committee shall specifically state otherwise at
         the time a Stock Option is granted, all Stock Options granted under
         this Plan shall become exercisable in full on the date of termination
         of a Participant's employment or directorship with the Company or a
         Subsidiary because of his death or disability, and, subject to
         extension by the Committee, all Stock Options shall terminate if not
         exercised by the earlier of (i) the respective expiration dates of any
         such Stock Options or (ii) the date which is twelve (12) months after
         the Participant's death or disability.

                  (c) Unless the Committee shall specifically state otherwise at
         the time a Stock Option is granted, in the event the Employment or the
         directorship of a Participant is Terminated for Cause, any Stock Option
         which has not been exercised shall terminate and be of no further force
         or effect as of the date the Participant is Terminated for Cause.

                  (d) All outstanding Stock Options shall become immediately
         exercisable in the event of a change in control or imminent change in
         control of the Company or any Subsidiary, as determined by the
         Committee. For purposes of this Section 7, "change in control" shall
         mean: (i) the execution of an agreement for the sale of all, or a
         material portion of, the assets of the Company or The Winton Savings
         and Loan Co.; (ii) the execution of an agreement for a merger or
         recapitalization of the Company or The Winton Savings and Loan Co. or
         any merger or recapitalization whereby the Company or The Winton
         Savings and Loan Co. is not the surviving entity; (iii) a change of
         control of the Company or The Winton Savings and Loan Co., as defined
         or determined by the OTS; or (iv) the acquisition, directly or
         indirectly, of the beneficial ownership (within the meaning of the term
         "beneficial ownership" as defined under Section 13(d) of the Exchange
         Act and the rules promulgated thereunder) of twenty-five percent (25%)
         or more of the outstanding voting securities of the Company or The
         Winton Savings and Loan Co. by any person, trust, entity or group. For
         purposes of this Section 7, "imminent change in control" shall refer to
         any offer or announcement, oral or written, by any person or any
         persons acting as a group, to acquire control of the Company or The
         Winton Savings and Loan Co. as to which an application or notice has
         been filed with the OTS and such application has been approved or such
         notice has not been disapproved.

         8. Non-transferability of Stock Options. No Stock Option under this
Plan, and no rights or interests therein, shall be assignable or transferable by
a Participant except by will or the laws of descent and distribution. During the
lifetime of a Participant, Stock Options are exercisable only by, and payments
in settlement of Stock Options will be payable only to, the Participant or his
or her legal representative.

         9.  Adjustments Upon Changes in Capitalization.

                  (a) The existence of this Plan and the Awards granted
         hereunder shall not affect or restrict in any way the right or power of
         the Board or the shareholders of the Company to make or authorize the
         following: any adjustment, recapitalization, reorganization or other
         change in the Company's capital structure or its business; any merger,
         acquisition or consolidation of the Company; any issuance of bonds,
         debentures, preferred or prior preference stocks ahead of or affecting
         the Company's capital stock or the rights thereof; the dissolution or
         liquidation of the Company or any sale or transfer of all or any part
         of its assets or business; or any other corporate act or proceeding,
         including any merger or acquisition which would result in the exchange
         of cash, stock of another company or options to purchase the stock of
         another company for any Awards outstanding at the time of such
         corporate transaction or which would involve the termination of all
         Awards outstanding at the time of such corporate transaction.

                  (b) In the event of any change in capitalization affecting the
         Common Shares of the Company, such as a stock dividend, stock split,
         recapitalization, merger, consolidation, spin-off, split-up,
         combination or exchange of shares or other form of reorganization, or
         any other change affecting the Common Shares, such proportionate
         adjustments, if any, as the Board in its discretion may deem
         appropriate to reflect such change shall be made with respect to the
         aggregate number of Common Shares for which Awards in respect thereof
         may be granted under this Plan, the maximum number of Common Shares

                                       4
<PAGE>

         which may be sold or awarded to any Participant, the number of Common
         Shares covered by each outstanding Award, and the exercise price per
         share in respect of outstanding Awards.

         10. Right of Repurchase and Restrictions on Disposition. The Committee,
in its sole discretion, may include, as a term of any Incentive Stock Option or
Non-Qualified Stock Option, the right (hereinafter the "Repurchase Right"), but
not the obligation, to repurchase all or any amount of the Common Shares
acquired by a Participant pursuant to the exercise of any such options. The
Repurchase Right shall provide for, among other terms, a specified duration of
the Repurchase Right, a specified price per Common Share to be paid upon the
exercise of the Repurchase Right and a restriction on the disposition of the
Common Shares by the Participant during the period of the Repurchase Right. The
Repurchase Right may permit the Company to transfer or assign such right to
another party. The Company may exercise the Repurchase Right only to the extent
permitted by applicable law.

         11. Stock Appreciation Rights. A Stock Appreciation Right shall, upon
its exercise, entitle the Participant to whom such Stock Appreciation Right is
granted, to receive a number of Common Shares or an amount of cash or
combination thereof, as the Committee in its discretion shall determine, the
aggregate value of which (i.e., the sum of the amount of cash and/or the fair
market value of such Common Shares on the date of exercise) shall equal (as
nearly as possible) the amount by which the Fair Market Value per Common Share
on the date of such exercise shall exceed the exercise price of such Stock
Appreciation Right, multiplied by the number of Common Shares with respect to
which such Stock Appreciation Right shall have been exercised. A Stock
Appreciation Right may be Related to an option or may be granted independently
of any option and the Committee shall determine whether and to what extent a
Related Stock Appreciation Right shall be granted with respect therein;
provided, however, that notwithstanding any other provision of this Plan, in the
event that the Related Option is an Incentive Stock Option, the Related Stock
Appreciation Right shall satisfy all the applicable restrictions and limitations
of Section 6 hereof as if such Related Stock Appreciation Right were an
Incentive Stock Option. In the case of a Related Stock Option, such Related
Stock Option shall cease to be exercisable to the extent of the Common Shares to
which the Related Stock Appreciation Right was exercised. Upon the exercise or
termination of a Related Stock Option, any Related Stock Appreciation Right
shall terminate to the extent of the Common Shares with respect to which the
Related Stock Option was exercised or terminated.

         12. Amendment and Termination of this Plan. Without further approval of
the shareholders, the Board may at any time terminate this Plan, or may amend it
from time to time in such respects as the Board may deem advisable, except that
the Board may not, without approval of the shareholders, make any amendment
which would (a) increase the aggregate number of Common Shares which may be
issued under this Plan (except for adjustments pursuant to Section 9 of this
Plan), (b) materially modify the requirements as to eligibility for
participation in this Plan, or (c) materially increase the benefits accruing to
Participants under this Plan. The above notwithstanding, the Board may amend
this Plan to take into account changes in applicable securities, federal income
tax and other applicable laws.

         13. Modification of Options. The Board may authorize the Committee to
direct the execution of an instrument providing for the modification of any
outstanding Stock Option which the Board believes to be in the best interests of
the Company; provided, however, that no such modification, extension or renewal
shall confer on the holder of such Stock Option any right or benefit which could
not be conferred on him by the grant of a new Stock Option at such time and
shall not materially decrease the Participant's benefits under the Stock Option
without the consent of the holder of the Stock Option, except as otherwise
permitted under this Plan.

         14.  Miscellaneous.

                  (a) Tax Withholding. The Company shall have the right to
         deduct from any settlement made under this Plan, including the delivery
         or vesting of Common Shares, any federal, state or local taxes of any
         kind required by law to be withheld with respect to such payments or to
         take such other action as may be necessary in the opinion of the
         Company to satisfy all obligation for the payment of such taxes. If
         Common Shares are used to satisfy tax withholding, such shares shall be
         valued based on the Fair Market Value when the tax withholding is
         required to be made.

                  (b) No Right to Employment. Neither the adoption of this Plan
         nor the granting of any Award shall confer upon any employee of the
         Company or a Subsidiary any right to continued Employment with the
         Company or a Subsidiary, as the case may be, nor shall it interfere in
         any way with the right of the Company or a Subsidiary to terminate the
         Employment of any of its employees at any time, with or without cause.

                  (c) Annulment of Stock Options. The grant of any Stock Option
         under this Plan payable in cash is provisional until cash is paid in

                                       5
<PAGE>
         settlement thereof. The grant of any Stock Option under this Plan
         payable in Common Shares is provisional until the Participant becomes
         entitled to the certificate in settlement thereof. In the event the
         Employment or the directorship of a Participant is Terminated for
         Cause, any Stock Option which is provisional shall be annulled as of
         the date of such termination.

                  (d) Other Company Benefit and Compensation Programs. Payments
         and other benefits received by a Participant under an Award made
         pursuant to this Plan shall not be deemed a part of a Participant's
         regular, recurring compensation for purposes of the termination
         indemnity or severance pay law of any country and shall not be included
         in, nor have any effect on, the determination of benefits under any
         other employee benefit plan or similar arrangement provided by the
         Company or a Subsidiary unless expressly so provided by such other plan
         or arrangement, or except where the Committee expressly determines that
         an Award or portion of an Award should be included to accurately
         reflect competitive compensation practices or to recognize that an
         Award has been made in lieu of a portion of competitive annual cash
         compensation. An Award under this Plan may be made in combination with
         or in tandem with, or as an alternative to, grants, stock options or
         payments under any other plans of the Company or a Subsidiary. This
         Plan notwithstanding, the Company or any Subsidiary may adopt such
         other compensation programs and additional compensation arrangements as
         it deems necessary to attract, retain and reward directors and
         employees for their service with the Company and its Subsidiaries.

                  (e) Securities Law Restrictions. No Common Shares shall be
         issued under this Plan unless counsel for the Company shall be
         satisfied that such issuance will be in compliance with applicable
         federal and state securities laws. Certificates for Common Shares
         delivered under this Plan may be subject to such stop-transfer orders
         and other restrictions as the Committee may deem advisable under the
         rules, regulations and other requirements of the Securities and
         Exchange Commission, any stock exchange upon which the Common Shares
         are then listed, and any applicable federal or state securities law.
         The Committee may cause a legend or legends to be put on any such
         certificates to make appropriate reference to such restrictions.

                  (f) Award Agreement. Each Participant receiving an Award under
         this Plan shall enter into an agreement with the Company in a form
         specified by the Committee agreeing to the terms and conditions of the
         Award and such related matters as the Committee shall, in its sole
         discretion, determine.

                  (g) Cost of Plan.  The costs and expenses of administering
         this Plan shall be borne by the Company.

                  (h) Governing Law.  This Plan and all actions taken hereunder
         shall be governed by and construed in accordance with the laws of the
         State of Ohio, except to the extent that federal law shall be deemed
         applicable.

                  (i) Effective Date. This Plan shall be effective upon the
         later of adoption by the Board and approval by the Company's
         shareholders. This Plan shall be submitted to the shareholders of the
         Company for approval at an annual or special meeting of shareholders
         held within twelve (12) months of the adoption of the Plan by the
         Board.

                                       6

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