Document:

exv10w12

Exhibit 10.12

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as
of this 29th day of December, 2008 (the “Effective Date”) by and between COLEMAN CABLE, INC., a
Delaware corporation (the “Company”), on the one hand, and RICHARD N. BURGER (the “Employee”), on
the other hand. (The Company and the Employee are sometimes referred to herein together as the
“Parties”)

WITNESSETH

     WHEREAS, the Company is engaged in the business of manufacturing wire and cable products (the
“Business”);

     WHEREAS, the Company and the Employee are parties to that certain Employment Agreement dated
December 30, 1999, amended and restated effective September 1, 2006 (the “Original Agreement”),
which the Parties desire to amend and restate in its entirety on the terms and conditions set forth
herein.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:

     1. Restatement of the Original Agreement. The Parties do hereby amend and restate the
Original Agreement in its entirety as set forth herein. Upon the Effective Date, the Original
Agreement shall be superseded in its entirety and of no further force or effect.

     2. Employment. The Company hereby agrees to employ the Employee for the Term of this
Agreement (as defined in Section 5 hereof) and the Employee hereby accepts such employment.

     3. Position and Duties.

     (a) Position. During the Term, the Employee shall serve as the Executive Vice
President and Chief Financial Officer of the Company, overseeing financial and certain other day to
day operations of the Company and any person or entity that directly, or through one or more
intermediaries is controlled by the Company (collectively, the “Affiliates”) and shall have and
perform the duties, responsibilities and authority commensurate with such position, which are
enumerated from time to time by the Company’s Board of Directors and/or its Chief Executive
Officer. Such duties, responsibilities and authority shall include, but not be limited to, the
following:

          (i) the authority to employ (and terminate), any and all subordinate officers (of whatever
position), any general managers, managers, supervisors and other employees of the Company or its
Affiliates as the Employee shall deem necessary or appropriate for the conduct of the Business and
its Affiliates; to delegate to such employees such authority as he shall determine, all consistent
with the employee policies and procedures promulgated by the

 

 

Company’s Board of Directors and the Chief Executive Officer; and

          (ii) the authority to make or otherwise authorize expenditures by and to contract liabilities
for the Company and the Affiliates in the ordinary course of business; and

          (iii) the authority to make any and all decisions of a material nature for the Company and the
Affiliates subject only to the approval of the Company’s Board of Directors and Chief Executive
Officer.

     (b) Efforts. The Employee shall devote his full working time, diligent efforts and
attention (except for permitted vacation periods and periods of illness or other incapacity) to the
business and affairs of the Company as may be required to perform his duties and responsibilities
in a diligent and businesslike manner.

     4. Salary and Benefits.

     (a) Base Salary. During the Term, the Company shall pay to the Employee a minimum base
salary of $375,000 per year. The Company shall pay such salary in equal bi-weekly installments on
the Company’s regular pay days. Regular installments of base salary shall be paid less all
applicable taxes, social security payments and other items that the Company is required by law to
withhold or deduct therefrom.

     (b) Automatic Annual Raises. During the Term, the Employee’s base salary shall be
increased, effective as of each anniversary of the Effective Date, by a percentage amount equal to
the percentage increase in the Chicago area Consumer Price Index as reported by the U.S. Department
of Labor.

     (c) Merit Raises. The Board of Directors of the Company may, in its absolute and sole
discretion, increase the salary payable to Employee for merit.

     (d) Performance Bonuses. During each year of the Term, the Employee shall be entitled
to receive cash performance bonuses in an amount up to 100% of the Employee’s base salary, as
determined by the Company’s Board of Directors based upon the attainment of performance goals
conveyed to the Employee. The cash performance bonus may be increased in any year in the discretion
of the Compensation Committee.

     (e) Employee Benefits. In addition to the compensation described above, the Company
will provide or offer for the Employee’s participation such benefits (other than bonus, incentive
compensation and severance benefits) as are generally provided or offered by the Company to its
other similarly positioned executive officers, including, without limitation, retirement benefits,
health/major medical insurance and welfare benefits, sick days and other fringe benefits
(collectively, “Benefits”), if and to the extent that the Employee is eligible to participate in
accordance with the terms of the applicable Benefit plan or program generally. These Benefits shall
include:

          (i) group health, life and disability insurance (to the extent offered to

 

 

similarly positioned executive officers);

          (ii) participation in any Company sponsored retirement savings or pension plan (to the extent
such plans are in existence and participation is offered to similarly positioned executive
officers);

          (iii) participation in all stock or stock option plans (to the extent such plans exist);

          (iv) use of a company car comparable to the car presently being driven by the Employee;

          (v) business expense allowances;

          (vi) paid vacation accruing at the rate of four (4) weeks per year;

          (vii) paid religious and other holidays to the extent provided under the Company’s personal
leave policies; and

          (ix) such other perquisites as the Company and the Employee shall agree.

     (f) Supplemental Disability Insurance. In addition to the Benefits herein provided
for, the Company shall purchase and maintain in full force and effect one or more policies of
supplemental disability insurance, with benefits consistent with those provided to the Employee as
of the date hereof.

     (g) Equity and Option Grants. In addition to all other salary and benefits herein
provided, the Company hereby agrees that Employee shall be entitled to participate in restricted
stock and stock option plans established for the benefit of the Company’s employees.

     (h) Expense Reimbursement. The Company shall reimburse the Employee for all reasonable
business expenses properly incurred by the Employee in the ordinary course of performing the
Employee’s duties and responsibilities hereunder, subject to the Company’s normal and customary
practices and policies as are in effect from time to time with respect to travel, entertainment and
other business expenses (including the Company’s reasonable requirements with respect to prior
approval, reporting and documentation of such expenses)

     5. Term and Termination.

     (a) Term. Subject to the rights of termination set forth below, the Term of the
Employee’s employment under this Agreement shall be for a rolling three (3) year period (i.e.,
upon completion of each day of the Employee’s employment, the term of his employment automatically
shall be extended for one additional day), commencing on the Effective Date (the ‘Term”).

     (b) Termination for Cause. The Company may terminate the Employee’s employment

 

 

under this Agreement at any time upon written notice for “Cause.” For the purposes of this
Agreement, Cause shall mean:

          (i) the gross neglect or willful failure by the Employee to perform his duties and
responsibilities in all material respects as set forth hereunder, after a written demand for
substantial performance is delivered to the Employee by the Company’s Board of Directors which
demand specifically identifies the manner in which the Company’s Board of Directors believes that
the Employee has not so performed his duties and which demand is not met within thirty (30) days of
its delivery to Employee;

          (ii) any act of fraud or embezzlement by the Employee in connection with the Company or its
affiliates;

          (iii) a willful and material breach of this Agreement by the Employee which the Employee fails
to cure within thirty (30) days of the Employee’s receipt of written notice of such breach; or

          (iv) the Employee’s conviction or entering into a plea of nolo contendere to (A) a crime
involving moral turpitude; or (B) any other crime materially impairing or materially hindering the
Employee’s ability to perform his duties for the Company.

     (c) Voluntary Termination By The Employee With Good Reason. The Employee may, at any
time within 90 days of the occurrence of any event which constitutes “Good Reason” upon written
notice, terminate his employment under this Agreement with “Good Reason”.

          (i) For the purposes of this Agreement, “Good Reason” shall mean without the prior written
consent of the Employee:

               (A) a material reduction in the base compensation of the Employee, other than an insubstantial
and inadvertent failure not occurring in bad faith; (B) a significant reduction in the
responsibilities and/or duties of the Employee the result of which is that the Employee (1) shall
no longer have control or authority over the management of the Company or the Affiliates, or (2)
shall have responsibilities which are not commensurate with the historical responsibilities of the
Executive Vice President and Chief Financial Officer of the Company; (C) a change of location of
the Employee’s office which is thirty- five (35) miles or more from the office where the Employee
was located as of the Effective Date; (D) a Change of Control (as herein defined); or ((E) any
willful failure or willful breach by the Company (not covered by any of the clauses (A) through (D)
above) of any material obligations of this Agreement. The Company shall have thirty (30) days
after written notice thereof by the Employee to the Company’s Board of Directors to remedy the
occurrences of clause (A) through (E) above.

For the purposes of this Agreement, a “Change of Control” shall mean that any of the following has
occurred:

          (i) any person or other entity (other than any of the Company’s subsidiaries or any employee
benefit plan sponsored by the Company or any of its subsidiaries) including

 

 

any person as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), becomes the beneficial owner, as defined in Rule 13d-3 under the Exchange Act,
directly or indirectly, of more than fifty percent (50%) of the total combined voting power of all
classes of capital stock of the Company normally entitled to vote for the election of directors of
the Company (the “Voting Stock”),

          (ii) the stockholders of the Company approve the sale of all or substantially all of the
property or assets of the Company and such sale occurs;

          (iii) the stockholders of the Company approve a consolidation or merger of the Company with
another corporation (other than with any of the Company’s subsidiaries), the consummation of which
would result in the shareholders of the Company immediately before the occurrence of the
consolidation or merger owning, in the aggregate, less than 60% of the Voting Stock of the
surviving entity, and such consolidation or merger occurs;

          (iv) a change in the Company’s Board of Directors occurs with the result that the members of
the Board immediately prior to such change no longer constitute a majority of such Board of
Directors; or

          (v) any other change of ownership or effective control (as defined in Section 280G(b)(2) of
the Internal Revenue Code (the “Code”)).

For the avoidance of doubt, no Change of Control shall be deemed to occur if any of the events
enumerated above occur as a result of (i) the 144A equity offering and private placement of equity
securities with Friedman, Billings & Ramsey, Co. as initial purchaser and placement agent (the
“144A offering”); (ii) any issuance of equity securities pursuant to the shelf registration
statement filed in connection with the 144A offering; (iii) any changes associated with the listing
of the Company’s stock on the NASDAQ stock market; or (iv) an initial public offering or shelf
registration of the Company’s stock.

For the further avoidance of doubt, the Employee’s decision not to terminate his employment within
90 days after the occurrence of any event which constitutes “Good Reason” shall not preclude or
otherwise constitute a waiver of the Employee’s right to terminate his employment within 90 days of
any other event which constitutes “Good Reason.”

     (d) Voluntary Termination By The Employee Without Good Reason. The Employee may, at
any time upon three (3) months prior written notice, terminate his employment under this Agreement
without Good Reason.

     (e) Termination on Death or Permanent Disability. The Employee’s employment under this
Agreement shall terminate upon the Employee’s death or Disability. For purposes of this Agreement,
“Disability” shall mean the inability of the Employee to substantially perform the Employee’s
duties and responsibilities to the Company by law, by reason of a physical or mental disability or
infirmity (i) for a total of one hundred twenty (120) days in any consecutive twelve (12) month
period or (ii) at such earlier time as the Employee submits or the Company receives satisfactory
medical evidence that the Employee has a physical or mental disability or

 

 

infirmity which will likely prevent him from returning to the performance of the Employee’s work
duties for four (4) months or longer. In the event of any dispute regarding the determination of
the Employee’s Disability, such determination shall be made by a physician selected by the Company,
at the Company’s sole expense, in consultation with the Employee’s primary treating physician;
provided, however, that the Employee’s Disability shall be conclusively presumed if such
determination is made by an insurer providing disability insurance coverage to the Employee or the
Company in respect of the Employee.

     6. Severance Benefits. Upon termination of the Employee’s employment under this
Agreement, the Employee shall be entitled to receive the following termination benefits in lieu of
all other considerations and payments under this Agreement and all claims for damages and remedies
based on a claim of wrongful discharge, after receipt of which the rights and obligations of the
parties hereunder shall become void and of no further force and effect; provided, however, that the
Employee shall remain obligated to abide by the restrictive covenants set forth in Section 9 of
this Agreement until such time as they would otherwise expire.

     (a) Termination for Cause or Without Good Reason. If the Employee’s employment is
terminated for Cause by the Company in accordance with Section 5(a) or is terminated voluntarily by
the Employee in accordance with Section 5(d), then the following severance benefits shall be due:

          (i) base salary shall be paid through such date of termination;

          (ii) any bonus that may otherwise have become due for the fiscal year prior to the year in
which the Employee’s employment is terminated; and

          (iii) all benefits, including all life insurance policies maintained pursuant to Section 4(e)
above, may be terminated or canceled by the Company at any time from and after the last day of
employment, subject only to the Employee’s “COBRA” rights to continue health insurance and his
right to vested funds in the Company sponsored retirement savings and pension plans.

     (b) Termination by Death or Disability. If the Employee’s employment is terminated by
the Company upon the death or Disability of the Employee, then the Company shall pay the Employee
(or his estate or representative) in one lump sum within 30 days of such termination:

          (i) 12 months’ base salary; and

          (ii) all accrued and unpaid bonuses for the year immediately preceding the termination of
Employee’s employment; and

          (iii) a bonus payment in an amount equal to one (1) times the average annual bonus paid to the
Employee for the two (2) complete years immediately preceding Employee’s death or Disability.

 

 

          In addition:

          (x) all options and restricted stock shall immediately vest;

          (y) all group health, life and disability insurance benefits and health club memberships shall
continue for a period of 12 months from the date of termination. In the case of termination by
reason of the death of the Employee, then such group health, life and disability insurance benefits
shall continue as aforesaid for the benefit of any dependents who survive him; and

          (z) all policies of insurance on the life of the Employee maintained by the Company pursuant
to Paragraph 4(f), above, shall (except in the case of termination by reason of the Employee’s
death) be assigned to the Employee, without charge (except for any applicable withholding taxes),
effective on the last day of employment, and thereafter, the Company shall have no further
obligation to maintain those policies or to pay additional premiums thereon.

     (c) Wrongful Discharge or Termination for Good Reason. If the Employee’s employment is
terminated by the Company other than for Cause or by reason of death or Disability, or if the
Employee’s employment is terminated by the Employee for Good Reason, then the following severance
benefits shall be due and payable in one lump sum:

          (i) an amount equal to three (3) times the Employee’s base salary (i.e., thirty-six (36)
months base salary); and

          (ii) an amount equal to three (3) times the Employee’s average annual bonus for the two (2)
complete years immediately preceding the termination of the Employee’s employment.

          In addition:

          (x) all options and restricted stock shall vest immediately (to the extent not previously
vested) without regard to whether or not any of the conditions specified therein have been
achieved;

          (y) all group health, life and disability insurance benefits and health club memberships shall
continue for thirty-six (36) months; and

          (z) the Company shall convert all policies of insurance on the life of the Employee that are
required to be maintained by the Company pursuant to Paragraph 4(e), above, into fully paid, term
policies; shall promptly pay in full the premiums then due; and shall assign such policies to the
Employee, without charge (except for any applicable income taxes for which the Employee may be
liable), effective on the last day of employment.

The benefits provided pursuant to Section 6(c)(iv) that are not non-taxable medical benefits,
“disability pay” or “death benefit” plans within the meaning of Treasury Regulation Section
1.409A-1(a)(5) or are not medical benefits provided during the maximum period during which

 

 

the Employee would be entitled to continuation coverage under COBRA shall be treated as follows:
(i) the amount of such benefits provided during one taxable year shall not affect the amount of
such benefits provided in any other taxable year, except that to the extent such benefits consist
of the reimbursement of expenses referred to in Section 105(b) of the Code, a limitation may be
imposed on the amount of such reimbursements over some or all of the 36-month period, as described
in Treasury Regulation Section 1.409A-3(i)(iv)(B), (ii) to the extent that any such benefits
consist of reimbursement of eligible expenses, such reimbursement must be made on or before the
last day of the calendar year following the calendar year in which the expense was incurred and
(iii) no such benefit may be liquidated or exchanged for another benefit.

     (d) Shareholder Approval of Severance Benefits. The Company shall use its best efforts
to obtain shareholder approval that complies with section 280G(b)(5)(B) and the regulations
thereunder for the portion of the severance benefits payable under Section 6 of this Agreement
which would otherwise be subject to excise tax under section 4999 of the Code.

     (e) Limits on Severance Payments. Anything in this Agreement to the contrary
notwithstanding, the following restrictions shall apply:

          (i) In the event that it shall be determined that any payment or distribution from the
Company, any affiliate, or trusts established by the Company or by any affiliate to or for the
benefit of the Employee (whether paid or payable or distributed or distributable pursuant to the
terms of this Agreement or otherwise, and with a “payment” including, without limitation, the
vesting of an option or other non-cash benefit or property) (a “Payment”) would be nondeductible by
the Company for Federal income tax purposes because of section 280G of the Code, or any successor
provision, then the aggregate present value of amounts payable or distributable to or for the
benefit of the Employee pursuant to this Agreement (“Agreement Payments”) shall be reduced (but not
below zero) to the Reduced Amount. For purposes of this paragraph, the “Reduced Amount” shall be an
amount expressed in present value which maximizes the aggregate present value of Agreement Payments
without causing any Payment to be nondeductible because of said section 280G of the Code. The
determination to be made hereunder shall be made within twenty (20) days after the date of
termination by the accounting firm that is then acting as auditor for the Company (the “Accounting
Firm”), which shall provide detailed calculations thereof to the Company and to the Employee,
provided, however, that the Employee shall elect which and how much of the Agreement Payments shall
be reduced consistent with such calculations. The determination to be made by the Accounting Firm
shall be binding upon the Company and the Employee unless each of the following occurs: (i) within
fifteen (15) days of the date of such determination, either party gives to the other party a
written legal opinion from a nationally recognized law firm stating that there is a substantial
possibility that the Internal Revenue Service will reach a conclusion different from that reached
by the Accounting Firm; (ii) either party, within fifteen (15) days of the date of such letter,
seeks a private letter ruling from the Internal Revenue Service; and (iii) the Internal Revenue
Service issues a private letter ruling reaching a conclusion different from that reached by the
Accounting Firm. A private letter ruling by the Internal Revenue Service issued under these
circumstances shall be binding upon the Company and the Employee. Present value, for purposes of
the calculations under this paragraph 7(d), shall be determined in accordance with section

 

 

280G(d)(4) of the Code. Notwithstanding anything in this Section 6(e) to the contrary, to the
extent any of the payments or benefits provided under the Plan are reduced in accordance with the
provisions of this section, payments and benefits that do not constitute “deferred compensation”
within the meaning of Section 409A of the Code shall be reduced first.

          (ii) As a result of uncertainty in the application of section 280G of the Code at the time of
any initial determination by the Accounting Firm hereunder, it is possible that Agreement Payments
will have been paid or distributed by the Company which should not be so paid or distributed
(“Overpayment”) or that additional Agreement Payments which were not paid or distributed by the
Company could have been so paid or distributed (“Underpayment”), in each case, consistent with the
calculation of the Reduced Amount hereunder. In the event that the Accounting Firm determines that
an Overpayment has been made, any such Overpayment shall be treated for all purposes as a loan to
the Employee which the Employee shall repay to the Company promptly upon receiving notice of such
Overpayment together with interest at the applicable federal rate provided for in section
7872(f)(2) of the Code; provided, however, that no amount shall be payable by the Employee to the
Company (or if paid by the Employee to the Company shall be returned to the Employee) if and to the
extent such payment would not reduce the amount which is nondeductible under section 280(g) of the
Code or which is subject to taxation under section 4999 of the Code. In the event that the
Accounting Firm determines that an Underpayment has occurred, any such Underpayment shall be
promptly paid by the Company to or for the benefit of the Employee together with interest at the
applicable federal rate provided for in section 7872(f)(2) of the Code.

     (f) Calculation of Severance Payments. For the avoidance of doubt, for purposes of
calculating severance benefits pursuant to this Section 6, the Employee’s average annual bonus for
the two (2) complete years immediately preceding the termination of the Employee’s employment shall
not, under any circumstances, include the special payment of $1,160,255 received by the Employee in
2004.

     7. Relationship Created. The relationship created by this Agreement is that of
employer and employee and nothing contained in this Agreement shall be construed in any way as
creating any partnership, joint venture or other relationship between the parties. Nothing
contained in this Agreement shall be construed as granting Employee any right to bind or obligate
the Company in any manner not herein granted, without the express written consent of the Company.

     8. Payment of Undisputed Amounts. If there is a dispute between the parties with
respect to any amount claimed to be due hereunder, any portion that is not disputed shall be paid
by the obligor to the payee. Any such partial payment shall not, however, constitute a waiver by
the recipient of such payment of any other rights.

     9. Restrictive Covenants.

     (a) Non-Competition. Employee agrees that during his employment and for a one (1) year
period thereafter (other than if wrongfully terminated by the Company, terminated with Good Reason
by the Employee or if the Company fails to make any payment or perform any

 

 

obligation owned to Employee to Employee required to be made hereunder, in which case this
restrictive period shall lapse immediately) (the “Restrictive Period”), he will not, directly or
indirectly, engage, participate, or have any interest or be involved in any capacity, whether as an
owner, agent, stockholder (excluding ownership of not more than 5% of the outstanding shares of a
publicly held corporation if such ownership does not involve, and neither Employee nor any of his
respective affiliates otherwise has, any managerial or operational responsibility in respect
thereof), officer, director, manager, partner, joint venturer, employee, consultant, advisor, agent
or otherwise, in any business enterprise which is, or shall at any time during the Restrictive
Period be, directly or indirectly engaged in the business of manufacturing wire and cable in the
United States and in any other countries or territories where the Company sells its products.

     (b) Non-Disclosure of Confidential Information.

          (i) Employee acknowledges that it is the policy of the Company to maintain as secret and
confidential all valuable and unique information heretofore or hereafter acquired, developed or
used by the Company relating to the business, operations, employees and customers of the Company,
which information includes technical knowledge, know-how or trade secrets and information
concerning the operations, sales, personnel, suppliers, customers, costs, profits, markets, pricing
policies, Confidential Materials (as hereinafter defined), and the results of any investigations or
experiments of the Company (such information is hereinafter referred to as “Confidential
Information,” provided that Confidential Information shall not include any of the foregoing items
which are in the public domain or which are available from third-party sources without any
violation of this Agreement). Employee recognizes that the services to be performed by Employee are
special and unique, and that by reason of his duties he will acquire Confidential Information.
Employee recognizes that all such Confidential Information is the sole and exclusive property of
the Company. In consideration of the Company’s entering into this Agreement, Employee agrees that:

               (A) he shall never for so long as such information is valuable and unique (but in no case for
longer than five (5) years following the termination of Employee’s employment by the Company),
directly or indirectly use, publish, disseminate or otherwise disclose any Confidential
Information obtained during his employment by the Company without the prior written consent of the
Company’s Board of Directors, it being understood that this subparagraph shall survive the term of
this Agreement;

               (B) during the term of his employment by the Company, he shall exercise all due and diligent
precautions to protect the integrity of the Company’s customer lists, mailing lists and sources
thereof, statistical data and compilations, agreements, contracts, manuals or other documents and
any and all other materials embodying any Confidential Information (the “Confidential Materials”)
and, upon termination of his employment hereunder, or such earlier time as the Company may so
request, he shall immediately return to the Company all such Confidential Materials (and copies
thereof) then in his possession or control;

               (C) Employee agrees that he will at all times comply with all security regulations (1) in
effect from time to time at the Company’s premises and (2) in effect for materials belonging to
the Company; and

 

 

               (D) Employee agrees that the provisions of this subsection (b) are reasonably necessary to
protect the proprietary rights of the Company in the Confidential Information and its trade
secrets, good will and reputation.

     (c) Severability. In the event a court of competent jurisdiction determines that the
provisions of the covenants in this Section 9 are excessively broad as to duration, geographic
scope or activity, it is expressly agreed that the covenants contained in this Section 9 shall be
construed so that the provisions which the court does not deem excessively broad shall not be
affected, but shall remain in full force and effect, and any such overly broad provisions shall be
deemed, without further action or the part of any party, to be modified, amended and or limited,
but only to the extent necessary to render the same valid and enforceable in such jurisdiction.

     (d) Remedies. Employee acknowledges that any breach of the provisions of this Section
9 can cause irreparable harm to the Company for which the Company would have no adequate remedy at
law. In the event of a breach or threatened breach by Employee of any of such provisions, in
addition to any and all other rights and remedies it may have under this Agreement or otherwise,
the Company may immediately seek any judicial action deemed necessary, including, without
limitation, temporary and preliminary injunctive relief.

     10. Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to
have been given when delivered personally to the recipient, one day after being sent to the
recipient by reputable overnight courier service (charges prepaid) or three days after being mailed
to the recipient by certified or registered mail, return receipt requested and postage prepaid.
Such notices, demands and other communications shall be sent to the recipients at the addresses
indicated below:

Notices to Employee:

Mr. Richard N. Burger

[Address]

with a copy (which shall not constitute notice) to:

Steven M. Prebish, Esq.

Patzik, Frank & Samotny, Ltd.

150 South Wacker Drive

Suite 1500

Chicago, Illinois 60606

Notices to the Company:

Coleman Cable, Inc.

1530 Shields Drive

Waukegan, Illinois 60085

Attention: President

with a copy (which shall not constitute notice) to:

 

 

Winston & Strawn LLP

35 W. Wacker Drive

Chicago, Illinois 60601

Attention: James J. Junewicz

or such other addresses or to the attention of such other person as the recipient party shall have
specified by prior written notice to the sending party. Any notice under this Agreement shall be
deemed to have been given when so delivered or mailed.

     11. Section 409A. If a payment under this Agreement does not qualify as a short-term
deferral under Code Section 409A and Treas. Reg. §1.409A-1(b)(4), and the Employee is a Specified
Employee as of the date of termination, distributions to the Employee may not be made before the
date that is six months after the date of termination or, if earlier, the date of the Employee’s
death (the “Six-Month Delay Rule”). Payments to which the Employee otherwise would be entitled
during the first six months following the date of term (the “Six-Month Delay”) will be accumulated
and paid on the first day of the seventh month following the date of termination. Notwithstanding
the Six-Month Delay Rule set forth in this Section 11:

     (a) To the maximum extent permitted under Code Section 409A and Treas. Reg.
§1.409A-1(b)(9)(iii), during the first month of the Six-Month Delay, the Company will pay the
Employee an amount equal to the lesser of (i) the total lump sum severance provided under Section
6(c)(i) and (ii) above, or (ii) two times the lesser of (A) the maximum amount that may be taken
into account under a qualified plan pursuant to Code Section 401(a)(17) for the year in which the
date of termination occurs, and (B) the sum of the Employee’s annualized compensation based upon
the annual rate of pay for services provided to the Company for the taxable year of the Employee
preceding the taxable year of the Employee in which his date of termination occurs (adjusted for
any increase during that year that was expected to continue indefinitely if the Employee had not
had a termination of employment); provided that amounts paid under this sentence will count toward,
and will not be in addition to, the total payment amount required to be made to the Employee by the
Company under Section 6(c) above.

     (b) To the maximum extent permitted under Code Section 409A and Treas. Reg.
§1.409A-1(b)(9)(v)(D), within ten (10) days of the date of termination, the Company will pay the
Employee an amount equal to the applicable dollar amount under Code Section 402(g)(1)(B) for the
year of the Employee’s date of termination; provided that the amount paid under this sentence will
count toward, and will not be in addition to, the total payment amount required to be made to the
Employee by the Company under Section 6(c) above.

     (c) Each payment under this Agreements is intended to be treated as one of a series of
separate payment for purposes of Code Section 409A and Treas. Reg. §1.409A-2(b)(2)(iii).

     (d) For purposes of this Agreement, “Specified Employee” has the meaning given that term in
Code Section 409A and Treas. Reg. 1.409-1(c)(i). The Company’s “specified employee identification
date” and “specified employee effective date” (as described in Treas. Reg. 1.409-1(c)(i)(3)) will
be the dates designated as such by the Company in a written resolution for all plans and agreements
subject to Code Section 409A or, in the absence of such resolutions, then the “specified employee
identification date” and the “specified employee

 

 

effective date” for this Agreement shall be December 31 and [January 1], respectively, of each
succeeding year.

     12. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other provision or any other jurisdiction, but this Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision
had never been contained herein.

     13. Complete Agreement. This Agreement embodies the complete agreement and
understanding among the parties hereto and supersedes and preempts any prior understandings,
agreements or representations by or among the parties, written or oral, which may have related to
the subject matter hereof in any way.

     14. No Strict Construction. The language used in this Agreement shall be deemed to be
the language chosen by the parties hereto to express their mutual intent, and no rule of strict
construction shall be applied against any party.

     15. Counterparts. This Agreement may be executed in separate counterparts, each of
which is deemed to be an original and all of which taken together constitute one and the same
agreement.

     16. Successors and Assigns. This Agreement is intended to bind and inure to the
benefit of and be enforceable by Employee, the Company and their respective heirs, affiliates
(including, without limitation, the Affiliates) successors and assigns, except that Employee may
not assign his rights or delegate his obligations hereunder without the prior written consent of
the Company. In the event the Company is sold (whether through a sale of assets, merger,
consolidation or otherwise) or is otherwise reorganized, the Company shall cause the acquiring or
surviving person or entity to assume the obligations of the Company under this Agreement as if
though such acquiring or surviving person or entity were an original party hereto. The parties
recognize that the damages which Employee might suffer as a result of the Company’s breach of this
Section 15 are immeasurable and could result in irreparable harm. Accordingly, in addition to any
and all other remedies available to Employee at law or equity, Employee shall be entitled to
enforce this Section 15 through specific performance, temporary and permanent injunction, and such
other equitable remedies as it may choose, without the requirements of posting bond.

     17. Choice of Law. All issues and questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by, and construed in accordance
with, the laws of the State of Illinois, without giving effect to any choice of law or conflict of
law rules or provisions (whether of the State of Illinois, or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of Illinois. Any and all
actions brought under this Agreement shall be brought in the state or federal court setting in the
County of Cook, in the State of Illinois, and neither party shall seek a change of venue in any
such action.

 

 

     18. Fees and Expenses. In the event that a dispute arises under this Agreement which
is submitted to a court of competent jurisdiction for resolution, or any other legal enforcement or
declaratory action is brought hereunder (whether in the native of arbitration, litigation or
otherwise), the prevailing party in such action or proceeding shall receive, in addition to any
award it receives in the action or proceeding, reimbursement for all reasonable costs and expenses
incurred in such action or proceeding (including appeals therefrom), which reimbursed costs and
expenses shall include, but not be limited to, attorneys’ fees and expenses.

     19. Section 409A Compliance. Notwithstanding any provision of this Agreement to the
contrary, this Plan is intended to comply with Code Section 409A and the interpretive guidance
thereunder. The Plan shall be construed and interpreted in accordance with such intent.

     20. Amendment and Waiver. The provisions of this Agreement may be amended or waived
only with the prior written consent of the Company and Employee, and no course of conduct or
failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding
effect or enforceability of this Agreement.

[Signature Page to Follow]

 

 

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

	 	 	 	 	 
	 	COLEMAN CABLE, INC.

 	 
	 	/s/ G. Gary Yetman
 	 
	 	 	 
	 	 	 
	 	/s/ Richard N. Burger
 	 
	 	RICHARD N. BURGERexv10w13

	 	 	 	 	 

EXHIBIT 10.13

Amended and Restated Employment Agreement

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT is between Coleman Cable, Inc. (the “Company”) and
Michael Frigo, a resident of Ohio (“Employee”), and is contingent upon and effective only as of the
consummation of the transactions contemplated by the Purchase Agreement.

WHEREAS, Employee has previously entered into an employment agreement with the Company dated March
9, 2007 (the “Prior Agreement”);

WHEREAS, the Company desires to continue Employee’s employment with the Company under the terms
set forth herein which shall supersede the Prior Agreement which shall have no further force or
effect after this Agreement becomes effective;

NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the
parties hereto agree as follows:

     1. Definitions.

     The terms used in the Agreement shall be defined as follows:

     (a) “Agreement” shall mean this Agreement as amended from time to time.

     (b) “Base Salary” shall mean the annual base salary payable to Employee pursuant to Section
4(a) hereof.

     (c) “Cause” shall mean termination of the Employee’s employment with the Company because of,
but not to be limited to, Employee’s (1) gross misconduct; (2) material nonperformance; (3)
material breach of this Agreement; (4) conviction or entry of a plea of guilty or nolo contendere
to any felony or misdemeanor or the entry of any final civil judgment in connection with any
allegation of fraud, misrepresentation, misappropriation or any other intentional tort or statute
violation; (5) insubordination; (6) violation of the Company’s sexual
harassment/anti-discrimination policies; or (7) a court order prohibiting Employee from working for
the Company for a period that extends beyond six months. Material nonperformance shall be deemed to
occur only if such material nonperformance has not been corrected by the Employee within two weeks
of written notice from the Company of the occurrence of such material nonperformance, which notice
shall specifically set forth the nature of the material nonperformance and be delivered no more
than thirty (30) days following the event giving rise to the material nonperformance notice.

     (d) “Company” shall mean Coleman Cable, Inc., its successors or assigns.

     (e) “Disabled” shall mean unable to perform the essential functions of the position, with or
without reasonable accommodation, as a result of a physical or mental impairment, as evaluated by
sufficient documentation including doctors’ statements.

 

 

     (f) “EBITDA” shall mean the earnings before interest, taxes, depreciation and amortization.

     (g) “Effective Date” shall mean the Closing Date (as defined in the Purchase Agreement).

     (h) “Employee” shall mean Michael Frigo, a resident of Ohio.

     (i) “Employee Benefit Plans” shall mean any plans within the meaning of Section 4(d) of this
Agreement.

     (j) “Period” shall mean the one-year period commencing on the Effective Date and ending on the
one-year anniversary thereof; provided, however, that the Period shall, on a daily basis, beginning
with the Effective Date, be automatically extended by one day, such that at any time, after the
Effective Date, the remaining duration of the Period shall be one year. Such day-to-day extensions
of the Period shall cease upon either (i) either party delivering written notice of such cessation
to the other party; provided that such cessation of the automatic extensions shall not be effective
earlier than the date of delivery of such notice or (ii) Employee’s Date of Termination.

     (k) “Substantial Breach” shall mean without the Employee’s prior consent: (1) a material
reduction in the Employee’s responsibilities hereunder; provided, that it shall not be deemed to be
a Substantial Breach if Employee’s duties are revised so long as he remains in a position of at
least a senior manager within the Company; (2) a material reduction by the Company in the Base
Salary of Employee except to the extent permitted under Section 4(a) hereof; and (3) any willful
failure or willful breach by the Company of any material obligations of this Agreement. The
Employee must give written notice to the Company of a Substantial Breach within 90 days of the
occurrence of any event which constitutes Substantial Breach. The Company shall have thirty (30)
days after written notice thereof by the Employee to the Company’s Board of Directors to remedy the
occurrences of clause (1) through (4) above.

     (l) “Purchase Agreement” shall mean the Equity Purchase Agreement by and between the
stockholders of Spell Capital Corporation and the equity holders (other than Spell Capital
Corporation) of Copperfield, LLC.

     2. Employment and Duties.

     (a) General. The Company hereby employs Employee, and Employee agrees upon the terms
and conditions herein set forth and shall perform duties substantially the same as normally
performed by persons in like positions in similar companies, or as may be assigned from time to
time.

     (b) No Other Employment. Throughout the time that Employee is employed by the Company,
Employee shall, except as may from time to time be otherwise agreed in writing by the Company and
unless prevented by ill health, devote his full-time working hours to his duties hereunder and
Employee shall not, directly or indirectly, render services to any other person or organization for
which he receives compensation (excluding volunteer services or outside board

 

 

activities with modest time commitments) without the written consent of the Company or otherwise
engage in activities with would interfere significantly with the performance of his duties
hereunder.

     3. Term of Employment. Subject to earlier termination of employment pursuant to
Sections 5, 6, 7 or 8 of this Agreement, the Company shall retain Employee during the Period; and
Employee shall serve in the employ of the Company for the Period as defined in Section 1(j).

     4. Compensation and Other Benefits. Subject to the provisions of this Agreement, the
Company shall pay and provide the following compensation and other benefits to Employee during the
term of his employment as compensation for services rendered hereunder;

     (a) Base Salary. The Company shall pay to Employee a Base Salary at the rate of
$400,000 per annum, payable bimonthly. The Company shall be entitled to deduct or withhold all
taxes and charges that the Company may be required to deduct or withhold therefrom.

     (b) Incentive Compensation. At all times during the Period, Employee shall be eligible
to receive Incentive Compensation of up to 60% of Base Salary based on the Company’s achievement of
earnings and other corporate performance goals as established by the CEO in his sole discretion at
or before the beginning of each such fiscal year. Employee shall not earn or receive any Incentive
Compensation for a fiscal year in which he was not actively employed the entire fiscal year (except
that Employee’s hire date in 2007 shall not effect his eligibility for fiscal year 2007).

     (c) Automobile Allowance. Company shall pay Employee a gross amount of $700 per month
as an automobile allowance. The Company shall be entitled to deduct or withhold from the gross
amount of such automobile allowance all taxes and charges which the Company may be required to
deduct or withhold therefrom. Employee shall produce such reasonable documentation as requested by
the Company to evidence that Employee has spent such amount on a car purchase or lease payment,
gasoline, insurance or car maintenance.

     (d) Other Employee Benefit Plans. Subject to the plans’ eligibility requirements,
Employee shall be eligible to participate in all pension and welfare plans and programs of the
Company for executive employees, existing from time to time, including, without limitation, the
following:

          i. All qualified benefit plans and programs (e.g., defined contribution, supplemental
retirement and Section 401(k) plans, life insurance plans and programs);

          ii. All hospitalization and medical plans and programs; and

          iii. All retirement plans and programs.

     5. Termination of Employment for Cause.

     (a)  Compensation and Benefits. If, prior to the expiration of the Period, (i)

 

 

Employee’s employment is terminated by the Company for Cause, or (ii) Employee resigns from his
employment hereunder other than under circumstances covered by Section 6 below, Employee shall not
be eligible to receive any compensation or benefits or to participate in any plans or programs
under Section 4 hereof with respect to the Period after the date of such termination except for the
right to receive benefits under any plan or program, to the extent vested, in accordance with the
terms of such plan or program and except for benefits provided in accordance with customary
practices of the Company at Employee’s expense (e.g., hospitalization and medical insurance under
COBRA).

     (b) Date of Termination. The date of termination of Employee’s employment by the
Company under this Section 5 shall be two (2) weeks after receipt by Employee of written notice of
termination for Cause or after receipt by the Company of written notice of Employee’s resignation.

     6. Termination of Employment Without Cause or Resignation After Substantial Breach.
If, prior to the expiration of the Period, Employee’s employment is terminated by the Company
without Cause for any reason, or if, prior to the expiration of the Period Employee resigns from
his employment hereunder following a Substantial Breach, the Company shall continue to pay Employee
his Base Salary through the Period, payable in accordance with the Company’s standard payroll
policies. Employee’s receipt of such Base Salary will be conditioned on his execution, return, and
non-rescission of a full and final release of claims in favor of the Company, the form of which
will be provided by the Company within ten (10) days of Employee’s termination of employment. No
payments pursuant to this Section 6 shall be made prior to the date that both (i) Employee has
delivered an original, signed release to the Company and (ii) the revocability period (if any) has
elapsed; provided however, that any payments that would otherwise have been made prior to such date
but for the fact that Employee had not yet delivered an original, signed release (or the
revocability period had not yet elapsed) shall be made as soon as administratively practicable but
not later than the seventy-fourth (74th) day following Employee’s termination of employment. If
Employee does not deliver an original, signed release to the Employer within forty-five (45) days
after receipt of the same from the Company, (i) Employee’s rights shall be limited to those made
available to Employee as if Employee were terminated under Section 5 above, and (ii) the Employer
shall have no obligation to pay or provide to Employee any amount or benefits described in this
Section 6 or any other monies on account of the termination of Employee’s employment.

     7. Termination of Employment by Disability.

     (a) Compensation and Benefits. If Employee becomes Disabled prior to the expiration of
the Period, the Company shall be entitled to terminate Employee’s employment at the later of (6)
six months from the date Employee becomes Disabled but not beyond the end of the Period or the date
the Company could terminate Employee in accordance with the Company’s normal policies in such
matters as applied in all other salaried employees. Employee will receive no compensation or
benefits following his termination, but Employee shall be entitled to receive benefits under the
Company’s plan(s) or program(s) in accordance with the terms of such plan(s) or program(s).

 

 

     (b) Date of Termination. The date of termination of Employee’s employment under this
Section 7 shall be the date determined pursuant to Section 7(a) above.

     8. Termination of Employment by Death. Employee’s employment will end in the event of
his death. Employee will receive no compensation or benefits following his death, but if Employee
dies prior to the expiration of the Period, the Employee’s estate or his beneficiary as appropriate
shall be entitled to receive benefits under the Company’s plan(s) or program(s) in accordance with
the terms of such plan(s) or program(s).

     9. Noncompetition and Nonsolicitation. During Employee’s employment with the Company
and for any period following employment during which he is entitled to receive post-employment
compensation in any form at the rate of his ending Base Salary, Employee shall refrain from
directly or indirectly, on his own behalf or on behalf of any other person or entity, competing
with the Company or any of its subsidiaries, anywhere in North America, including but not limited
to directly or indirectly engaging or investing in, owning, managing, operating, financing,
controlling, or participating in the ownership, management, operation, financing, or control of,
being employed by, associated with, or in any manner connected with, or rendering services or
advice to, in any capacity whatsoever (whether individually or as a shareholder (except as a
shareholder owning less than 1 % or less of the outstanding capital stock of a publicly traded
corporation), partner, member, director, officer, employee, or consultant), for any entity or
person that engages in or is in the process of or anticipates engaging in any business which in any
manner competes with the Company or any of its subsidiaries. In the event that Employee violates
the terms of this Section 9, the term of this covenant not to compete shall be extended for a
period of time equal to the period of time that Employee was violating the terms of this Section 9.

During Employee’s employment with the Company, and for a period of twelve (12) months following the
end of his employment for any reason, whether voluntary or involuntary, and with or without the
existence of post-employment compensation, Employee shall not, directly or indirectly, (i) induce
or attempt to induce any employee of the Company to leave the employ of the Company, (ii) in any
way interfere with the relationship between the Company and any of its employees, (iii) employ, or
otherwise engage as an employee, independent contractor, or otherwise, any employee of the Company,
or (iv) induce or attempt to induce any supplier or licensee of the Company to cease doing business
with the Company, or in any way interfere with the relationship between any supplier or licensee of
the Company. During Employee’s employment with the Company and for all time thereafter, Employee
shall not disparage, or induce others to disparage, the Company, its owners, employees, practices,
products or services.
For purposes of Section 9, “employee” shall mean any then-current employee or individual who was
employed by the Company at any time during the six (6) month period immediately preceding the end
of Employee’s employment.

In the event of a breach by Employee of any covenant set forth in this Section 9, the term of such
covenant will be extended by the period of the duration of such breach. Employee will not, at any
time during or after employment, disparage the Company or any of its owners, directors, officers,
employees, agents, products or services. Employee will within ten days after accepting

 

 

any employment, advise the Company of the identity of any employer of Employee. The Company may
serve notice upon each such employer that Employee is bound by this Agreement and furnish each such
employer with a copy of this Agreement or relevant portions thereof.

     10. Nondisclosure of Confidential Information.

     (a) Definition. For purposes of this Agreement “Confidential Information” means, but
is not limited to, any information or compilation of information, not generally known, which is
proprietary to the Company and relates to the Company’s existing or reasonably foreseeable
business, including, but not limited to, trade secrets and information relating to the Company’s
services, marketing plans or proposals and customer information. All information which the Company
identifies as being “confidential” or “trade secret” shall be presumed to be Confidential
Information. Confidential Information shall also include any confidential information of a parent,
subsidiary or sister corporation of the Company and any information disclosed by a third party
under contract with the Company which contract requires such disclosed information be kept
confidential. Confidential Information shall not include information that is in or enters the
public domain other than through a breach of confidentiality owed to the Company.

     (b) Nondisclosure. During the Period and at all times thereafter, Employee shall hold
in strictest of confidence and will never disclose, furnish, transfer, communicate, make assessable
to any person or use in any way Confidential Information for Employee’s own or another’s benefit or
permit the same to be used in competition with the Company, nor will Employee accept any employment
which would, by the nature of the position, inherently involve the use or disclosure by Employee of
Confidential Information.

     11. Remedies and Injunctive Relief. The parties acknowledge that the Company and/or
its subsidiaries will suffer irreparable harm if Employee breaches Sections 9 or 10 of this
Agreement. Accordingly, the Company shall be entitled, in addition to any other rights and remedies
that it may have, at law or at equity, to an injunction, without the parting of a bond or other
security, enjoining or restraining Employee from any violation of Sections 9 or 10 of this
Agreement. Employee hereby consents to the Company’s right to the issuance of such injunction.

     12. Section 409A. If a payment under this Agreement does not qualify as a short-term
deferral under Code Section 409A and Treas. Reg. §1.409A-1(b)(4), and the Employee is a Specified
Employee as of the date of termination, distributions to the Employee may not be made before the
date that is six months after the date of termination or, if earlier, the date of the Employee’s
death (the “Six-Month Delay Rule”). Payments to which the Employee otherwise would be entitled
during the first six months following the date of term (the “Six-Month Delay”) will be accumulated
and paid on the first day of the seventh month following the date of termination. Notwithstanding
the Six-Month Delay Rule set forth in this Section 12:

     (a) To the maximum extent permitted under Code Section 409A and Treas. Reg.
§1.409A-1(b)(9)(iii), during the first month of the Six-Month Delay, the Company will pay the
Employee an amount equal to the lesser of (i) the total lump sum severance provided under

 

 

Section 6(c)(i) and (ii) above, or (ii) two times the lesser of (A) the maximum amount that
may be taken into account under a qualified plan pursuant to Code Section 401(a)(17) for the year
in which the date of termination occurs, and (B) the sum of the Employee’s annualized compensation
based upon the annual rate of pay for services provided to the Company for the taxable year of the
Employee preceding the taxable year of the Employee in which his date of termination occurs
(adjusted for any increase during that year that was expected to continue indefinitely if the
Employee had not had a termination of employment); provided that amounts paid under this sentence
will count toward, and will not be in addition to, the total payment amount required to be made to
the Employee by the Company under Section 6(c) above.

     (b) To the maximum extent permitted under Code Section 409A and Treas. Reg.
§1.409A-1(b)(9)(v)(D), within ten (10) days of the date of termination, the Company will pay the
Employee an amount equal to the applicable dollar amount under Code Section 402(g)(1)(B) for the
year of the Employee’s date of termination; provided that the amount paid under this sentence will
count toward, and will not be in addition to, the total payment amount required to be made to the
Employee by the Company under Section 6(c) above.

     (c) Each payment under this Agreements is intended to be treated as one of a series of
separate payment for purposes of Code Section 409A and Treas. Reg. §1.409A-2(b)(2)(iii).

     (d) For purposes of this Agreement, “Specified Employee” has the meaning given that term in
Code Section 409A and Treas. Reg. 1.409-1(c)(i). The Company’s “specified employee identification
date” and “specified employee effective date” (as described in Treas. Reg. 1.409-1(c)(i)(3)) will
be the dates designated as such by the Company in a written resolution for all plans and agreements
subject to Code Section 409A or, in the absence of such resolutions, then the “specified employee
identification date” and the “specified employee effective date” for this Agreement shall be
December 31 and [January 1], respectively, of each succeeding year.

     13. Binding Agreement/Assignment. This Agreement shall be assignable by Employer and
the terms of this Agreement shall bind and inure to the benefit of Employer and its successors and
assigns.

     14. Severability. If the final determination of a court of competent jurisdiction
declares, after the expiration of the time within which judicial review (if permitted) of such
determination may be perfected, that any term of provision hereof is invalid or unenforceable, (a)
the remaining terms and provisions hereof shall be unimpaired and (b) the invalid or unenforceable
term or provision shall be deemed replaced by a term or provision that is valid and enforceable and
that comes closest to expressing the intention of the invalid or unenforceable term or provision.

     15. Survival of Provisions. The parties agree that Sections 9 and 10, and all other
provisions necessary for enforcement of such provisions shall survive termination of this Agreement
and termination of Employee’s employment for any reason.

     16. Others’ Confidential Information. If Employee possesses any information that he
knows or should know is considered by any third party, such as a former employer of his, to be

 

 

confidential, trade secret, or otherwise proprietary, Employee shall not disclose such information
to the Company or use such information to benefit the Company in any way.

     17. Understandings. Employee acknowledges and agrees that (a) the Company informed
him, as part of the offer of employment and prior to his accepting employment with the Company,
that a confidentiality, noncompetition, and nonsolicitation agreement would be required as part of
the terms and conditions of employment; (b) he executed this Agreement in anticipation of but prior
to commencing employment with the Company; (c) he has carefully considered the restrictions
contained in this Agreement and determined that they are reasonable as to duration, geographic area
and scope; and (d) the restrictions in this Agreement will not unduly restrict Employee in securing
other employment in the event of termination from the Company.

     18. Full Agreement; Amendment; Waiver. This Agreement contains the full agreement
between the parties as to its subject matter and may not be modified, amended or waived in any
manner except by an instrument in writing signed by both parties hereto. The waiver by either party
of compliance with any provision of this Agreement by the other party shall not operate or be
construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such
party of a provision of this Agreement.

     19. Section 409A Compliance. Notwithstanding any provision of this Agreement to the
contrary, this Plan is intended to comply with Code Section 409A and the interpretive guidance
thereunder. The Plan shall be construed and interpreted in accordance with such intent.

     20. Governing Law. All matters affecting this Agreement, including the validity
thereof, are to be governed and construed in accordance with the laws of the state of Illinois.

     21. Notices. Any notice hereunder by either party to the other shall be given in
writing by personal delivery or certified mail, return receipt requested. If addressed to Employee,
the notice shall be delivered or mailed to Employee at the address specified under Employee’s
signature hereto or such other address which Employee has advised the Company to send notice to, or
if addressed to the Company, the notice shall be delivered or mailed to the Company at its
executive offices. A notice shall be deemed given, if by personal delivery, on the date of such
delivery or, if by certified mail, on the date shown on the applicable return receipt.

[Signature Page to Follow]

 

 

IN WITNESS WHEREOF, the Company has caused the Agreement to be signed by its officer pursuant to
the authority of its Board, and Employee has executed this Agreement, as of the day and year first
written above.

	 	 	 	 	 	 	 
	COLEMAN CABLE, INC.	 	MICHAEL FRIGO  
	 
	 	 	 	 	 	 
	By

	 	/s/ G. Gary Yetman
 

Its President/Chief Executive Officer
	 	/s/ Michael Frigo

 

Michael Frigo	 	 
	 
	 	 	 	 	 	 
	Date: December 30, 2008
	 	Date: December 30, 2008

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