Document:

Exhibit 10.44

 

February 1,
2008

 

Mr. Robert
H. Swelgin

608
12th Street

Huntington
Beach, CA 92648

 

Dear
Bob,

 

The
following outline describes our offer for you to join Channell Commercial
Corporation in the position of President, Americas.  This offer is subject to Board approval.  But if you accept this offer your start date
will be February 19, 2008.

 

	
  ·

  	
   

  	
  Title:

  	
   

  	
  President,
  Americas Channell Commercial Corp.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Location:

  	
   

  	
  Channell
  Headquarters

  
	
   

  	
   

  	
   

  	
   

  	
  26040
  Ynez Road

  
	
   

  	
   

  	
   

  	
   

  	
  Temecula,
  CA 92591

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Report:

  	
   

  	
  Directly
  to President/CEO

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Job
  Description:

  	
   

  	
  Oversee
  all North America, Canada and Latin America operations for both Telecom and
  Bushman Water Harvesting Divisions.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Salary:

  	
   

  	
  $350,000
  (*) annual salary, paid bi-weekly

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Bonus
  Plan:

  	
   

  	
  Annual
  50% (*) bonus target, based on:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  · 50%  EPS (29¢ - Q2 through Q4)

  
	
   

  	
   

  	
   

  	
   

  	
  · 45%  Expense and cash flow
  management

  
	
   

  	
   

  	
   

  	
   

  	
  · 5%  goals and objectives

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Prorated
  bonus will be apply to 2008 Plan starting on April 1, 2008. (See
  Attachments B1 and B2)

  

 

 

	
  ·

  	
   

  	
  Stock
  Options:

  	
   

  	
  50,000
  (*) shares subject to Board approval.Strike prices based on upcoming Board
  meeting approval dates of 25,000 shares February 2008 and 25,000
  September 2008.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  401K
  Savings Plan:

  	
   

  	
  Qualified
  after 90-days of employment (See Employee Handbook)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Automobile:

  	
   

  	
  $650.00
  monthly car allowance. Automobile must be a hybrid regardless if you or the
  company purchase the vehicle; maintenance and gas are paid by the company.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Credit
  Cards:

  	
   

  	
  You
  will be supplied an American Express and Visa cards, a phone card and auto
  rental card for your use.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Cash
  Advance:

  	
   

  	
  $1,000
  advance will be provided to assist you with your expenses for reimbursement.

  
	
   

  	
   

  	
   

  	
   

  	
  This
  money will be returned upon your departure from the Company.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Healthcare:

  	
   

  	
  You
  will be enrolled under the U.S. healthcare benefits program, effective date 

  March 1, 2008. (See attached documents).

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Life &
  Disability

  	
   

  	
   

  
	
   

  	
   

  	
  Insurance:

  	
   

  	
  See
  enclosed Employee Handbook.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Vacation &
  Holidays:

  	
   

  	
  Minimum
  4 weeks vacation first year; See enclosed Employee Handbook regarding Holidays.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Air
  Travel Benefits:

  	
   

  	
  Over
  six hours of in-flight air travel, business Class seating is approved
  unless corporate financial cut-backs are in effect. 50% of all annual (direct
  of indirect) frequent flyer air miles are the property of Channell.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Living
  Expenses:

  	
   

  	
  Four
  months of two hotel nights in Temecula per week. (Meals included)

  

 

2

 

	
  ·

  	
   

  	
  Probationary
  Period:

  	
   

  	
  Six
  months

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Termination
  Provisions:

  	
   

  	
  (See
  Attachment T)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
   

  	
  Employee
  Prerequisites:

  	
   

  	
  Mandatory
  drug test and DMV license check, Confidentiality Agreement

  

 

(*)
Review and adjustments to these items will be made on an annual basis by the
Compensation Committee.

 

Hopefully
this offer is acceptable to you and you will commence your employment at
Channell in February, 2008.  Please sign below
and return this document plus the confidentiality agreement to Jeanne Bond by
fax 951.719.2791 no later than February 5, 2008 accepting this position.

 

Cordially,

 

	
   

  	
   

  
	
  /s/
  William H. Channell, Jr.

  	
   

  
	
  William
  H. Channell, Jr.

  	
   

  
	
  President
  and CEO

  	
   

  

 

	
  jb

  	
   

  
	
  cc:

  	
  Channell
  Board of Directors, Compensation Committee: 

  
	
   

  	
  Dana
  Brenner, Guy Marge, Stephen Gill

  

 

 

	
  Signed:

  	
  /s/

  	
  Robert
  H. Swelgin

  	
   

  
	
   

  	
   

  	
  Robert
  H. Swelgin

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  Feb. 05,
  2008

  	
   

  

 

3Exhibit 10.45

 

October 19, 2007

 

Mr. Chris Glenn

18 Viewway

Nedlands WA 6009

 

Dear Chris:

 

The general conditions of engagement are outlined
below:

 

1.     Commencement Date:  7 January, 2008

 

2.     Appointment: Managing
Director, Australasia

 

3.     Job Description: An
outline of the job has been discussed.  Your
responsibilities include all aspects of P&L for both Channell Australia
Pty., Ltd. and Bushman Tanks, encompassing the Australasia region.  The company reserves the right to vary or add
duties as required.

 

4.     Salary:  The salary for this position will be set at $385,000
per annum (base), paid monthly.  This
salary is inclusive of all penalty and overtime payments.  Additionally, a vehicle allowance of $27,000
per annum will be paid monthly, covering all vehicle costs. The vehicle
allowance can also be in the form of a novated lease arrangement. The salary
and vehicle allowance will be reviewed annually.

 

This salary does not include the Company’s
responsibilities under the Superannuation Guarantee Act, which will be paid as
per Item 11.

 

Probationary Period: 6 months

 

5.     Options: Upon hire,
the Company will provide 10,000 options of Channell Commercial Corporation
stock at the market value after Board approval. 
These options will include a pro rated, 3-year vesting period.

 

6.     Bonuses: The Company
will provide for participation in both a short-term and long-term bonus
plan.  The short-term plan will allow for
a maximum bonus of 40% of base salary and will be based upon the individual performances
of

 

 

Bushman Tanks and Channell Australia Pty., Ltd.  The split by company will be 15% dedicated
for Channell and 25% for Bushmans.  The
parameters of your bonus will be based on the following elements as it relates
to Bushmans in 2008:

 

	
  Cash flow from operations

  	
   

  	
  50% of bonus

  	
   

  
	
  Revenue growth

  	
   

  	
  15% of bonus

  	
   

  
	
  EPS growth

  	
   

  	
  25% of bonus

  	
   

  
	
  Develop two-year business plan for urban market (by
  March 2008)

  	
   

  	
  10% of bonus

  	
   

  

 

Additionally, the parameters for the Channell portion
of your annual bonus will be as follows:

 

	
  Revenue growth

  	
   

  	
  30% of bonus

  	
   

  
	
  EPS growth

  	
   

  	
  40% of bonus

  	
   

  
	
  Develop 3-year business plan (by May 2008)

  	
   

  	
  30% of bonus

  	
   

  

 

These percentages will be reviewed and revised
annually in conjunction with the Company’s annual planning process.  The short-term bonus will be paid in January of
the following year except for the EPS growth elements which will be paid upon
the filing of Channell Commercial Corporation’s Form 10-K with the
Securities and Exchange Commission.

 

The long-term plan will be in the form of an LTIP
(Long-Term Incentive Plan) based upon the contribution of the Australasia
region to the overall market performance of the parent company.  The plan will cover a 3-year period, and if
the percentage market capitalization increase for any year is 20% or greater (calculated
by using the volume weighted average price (VWAP) for the final 60 days of the
calendar year vs. beginning year stock price), the plan will provide a payout calculated
as a percentage of the Australasia region earnings versus the consolidated earnings
of Channell Commercial Corporation.  This
percentage will be multiplied by 1% of the absolute market capitalization
increase for such year, subject to a maximum payout of $150,000 for any one
year.  For example, if Australasia
contributes 60% of the company’s overall earnings for a period, and the 20%
market capitalization increase threshold is met, the payout would be 0.6% times
the absolute market capitalization increase in dollars (subject to the $150,000
maximum).

 

For each year the LTIP is earned, 50% of the amount
earned during that year will be paid in January of the following year with
the remainder paid upon the filing of the Company’s Form 10-K with the
Securities and Exchange 

 

2

 

Commission, which is due no later than March 31
of the following year.  You agree that
you will remain employed with the Company until June 30 of the year
following the LTIP payout or forfeit 50% of that year’s LTIP earnings.

 

7.     Annual Leave: Your
entitlement will be 20 recreational days leave per year.  Dates and times of this leave are by mutual
agreement with your supervisor.  No
annual leave loading applies.

 

8.     Sick Leave: Allowance
of 10 sick days first year, after probationary period and 10 days annually thereafter.

 

9.     Long Service Leave:
Provisions as stipulated in the NSW Long Service Leave Act.

 

10.   Superannuation: 
Contribution to Sunsuper, or a complying fund of the executive’s
choice as per legislation with availability of voluntary contributions, if
required (currently 9%).

 

11.   Hours of Work: As a member of senior
management, you will be expected to work as many hours as necessary in order to
perform your duties at a professional level, including any additional hours that
may be required on weekends.

 

12.   Place of Work: You
will be provided with office facilities and support at 3 Healey Circuit,
Huntingwood, NSW 2148.

 

13.   Period of Notice:

 

(a) By the executive: Should you wish to
terminate your employment, 8 weeks notice is required.  Failure to provide proper notice will result
in the forfeiture of any accrued incentive compensation.

 

(b) By the company: After probationary
period expires this agreement may be terminated at any time by the company
giving not less than six months’ notice in writing during the first two years
of employment except in the event of termination for cause where no notice
period will be required.  The notice
period will be increased by one month after completion of each additional year
of employment after the initial two-year period.  The maximum notice period will be twelve
months after completion of eight years of service.

 

(c) Change of control:  In the event of termination by the executive
when a change of control occurs, 8 weeks notice is required.  In the event of termination by the company
when a change of control occurs, six months pay in lieu of notice will be
provided, irrespective of the length of service.

 

3

 

14.   Confidentiality:  While employed with the Company and after
termination of your employment with the Company for whatever reason, to the
extent that this condition will survive the termination of your employment by
the Company, for whatever reason, you shall be indefinitely restrained from
giving to any person other than a director of the Company any “confidential information” (which term includes but is not
limited to any documents or information marked as confidential and any
information received or developed by you in the course of your employment,
which is not publicly available and relates to the business, work or interests
of the Company including but not limited to specifications, discoveries,
invention (whether patentable or not), copyright such as manuals, technical
data, trade secrets, financial information, computer software developed by and
for the Company, and marketing information (such as customer lists) which has
come to your notice during your employment with, or as a result of you having
been employed by, the Company).

 

Any breach of confidentiality will lead to
immediate dismissal.

 

Furthermore, upon acceptance of this offer, you
will be required to sign a patent protection document for the company.

 

15.   Reporting: 
You will report directly to the President and Chief Executive Officer of
the parent company in the US. The Managing Director of Australasia will be responsible
for running and directing the operations in accordance with the approved
business plan based on the current business environment and always in compliance
with corporate governance policies.

 

16.   Environment: 
The Company’s workplace environment in the context of all legislation or
Company policies, regulations and procedures must be observed in all instances.

 

17.   Instant Dismissal:  It is agreed that the company may instantly
dismiss you for serious misconduct including but not limited to the following:

 

	
  a)

  	
   

  	
  Serious neglect of duty.

  
	
  b)

  	
   

  	
  Extreme inefficiency or incompetence.

  
	
  c)

  	
   

  	
  Gross insubordination and abuse.

  
	
  d)

  	
   

  	
  Dishonesty including theft.

  
	
  e)

  	
   

  	
  Drunkenness or taking illegal drugs.

  
	
  f)

  	
   

  	
  Forms of serious misbehavior, including fighting.

  
	
  g)

  	
   

  	
  Serious willful disobedience.

  
	
  h)

  	
   

  	
  Breaches of the OH&S or Company Policies.

  

 

4

 

i)      Severe damage to
company property and recurring loss of company property.

j)      Refusing a Random
Drug and Alcohol test.

k)     Convicted of a
serious crime.

 

18.   Directors and
Officers Indemnity Insurance: The companies will provide directors and officers
liability insurance.

 

If the foregoing arrangements are acceptable to you, please
signify acceptance by signing and returning the enclosed copy of this letter.  You will be requested to pass a physical and
drug test to qualify for this position. 
We will notify you of the location in Perth to fulfill this request.

 

Yours sincerely,

 

 

	
  /s/ William H. Channell, Jr.

  	
   

  
	
  William H. Channell, Jr.

  	
   

  
	
  President and Chief Executive Officer

  	
   

  

 

 

Signed and Accepted:

 

 

	
  /s/ Chris Glenn

  	
   

  
	
  Chris Glenn

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  23/10/07

  	
   

  
			

 

 

	
  jb

  	
   

  
	
  cc:

  	
  Pat McCready

  
	
   

  	
  George Apostolidis

  

 

5

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