Document:

PROLIANCE INTERNATIONAL, INC.
	 

	 
		SUPPLEMENTAL EXECUTIVE RETIREMENT
		PLAN
	 

	 
		effective January 1, 2005
	 

	 
		(as further amended March 26,
		2007)
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		TABLE OF CONTENTS
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				  Page
				

			 
	
				
				  Section 1.  Name, Effective
				  Date and Purpose 
				

			 	
				
				  1
				

			 
	
				
				  Section 2.  Definitions 

				

			 	
				
				  1
				

			 
	
				
				  Section 3.  Administration
				  
				

			 	
				
				  2
				

			 
	
				
				  Section 4.  Benefits 
				

			 	
				
				  3
				

			 
	
				
				  Section 5.  Distributions
				  
				

			 	
				
				  4
				

			 
	
				
				  Section 6.  Beneficiary
				  Designation 
				

			 	
				
				  6
				

			 
	
				
				  Section 7.  Claims Procedures
				  
				

			 	
				
				  7
				

			 
	
				
				  Section 8.  General Provisions
				  
				

			 	
				
				  8
				

			 
	
				
				  Section 9.  Taxes and Income
				  Tax Withholding 
				

			 	
				
				  8
				

			 
	
				
				  Section 10.  Amendment,
				  Suspension or Termination 
				

			 	
				
				  8
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		PROLIANCE INTERNATIONAL, INC.
	 

	 
		SUPPLEMENTAL EXECUTIVE RETIREMENT
		PLAN
	 

	 
		Section 1. Name, Effective Date and
		Purpose
	 

	 
		1.1  Proliance International, Inc.
		hereby amends and restates its Supplemental Executive Retirement Plan (the
		“Plan”) as of January 1, 2005.
	 

	 
		1.2  The purpose of the Plan is to
		provide supplemental retirement benefits for key executives of Proliance
		International, Inc. or its affiliates (the “Company”), as selected by
		the Board of Directors, in its sole discretion.
	 

	 
		1.3  The Plan is intended to be an
		unfunded, non-qualified deferred compensation plan for a select group of
		management and highly compensated employees, as described in §201(2) and
		§301(a)(3) of the Employee Retirement Income Security Act
		(“ERISA”) and §409A(a)(2), (3) and (4) of the Internal Revenue
		Code, and the provisions of the Plan shall be interpreted accordingly.
	 

	 
		1.4  The vested accrued benefits of any
		Participant who had a Separation from Service with the Company prior to January
		1, 2005 shall be subject to the terms of the Plan as in effect as of the
		Participant’s Separation from Service date and shall not be subject to the
		terms of this Plan document. The benefits of any Participant who is actively
		employed by the Company as of January 1, 2005 shall be governed by the terms of
		this Plan document. 
	 

	 
		Section 2. Definitions
	 

	 
		2.1  “Actuarial Equivalent”
		or “Actuarially Equivalent” shall have the same meaning as under the
		Proliance International, Inc. Pension Plan. 
	 

	 
		2.2  “Administrative
		Committee” shall mean the Compensation Committee of the Board of Directors
		(or if such Committee is not then constituted, the Board of Directors), which
		shall administer the Plan as provided in Section 3, below. Any notices,
		elections or other writings should be sent to the Administrative Committee,
		Proliance International, Inc. Supplemental Executive Retirement Plan, 100 Gando
		Drive, New Haven, CT 06513.
	 

	 
		2.3  “Board of Directors”
		shall mean the Board of Directors of Proliance International, Inc. or its
		delegate.
	 

	 
		2.4  “Code” means the
		Internal Revenue Code of 1986, as amended from time to time.
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		2.5  “Company” shall mean
		Proliance International, Inc. and its successors, and any other affiliated
		company as shall be designated by the Board of Directors as eligible to have
		one or more of its senior executives participate in the Plan.
	 

	 
		2.6  “Distribution Election”
		shall mean a written election by a Participant which specifies the time and
		form such benefits will be distributed, and which satisfies the requirements
		Section 5, below.
	 

	 
		2.7  “Effective Date” shall
		mean January 1, 2005.
	 

	 
		2.8  “Participant” shall mean
		an individual employed by the Company who is a high level management employee
		and who has been selected for participation in this Plan by the Administrative
		Committee.  
	 

	 
		2.9  “Pension Plan” shall
		mean the Proliance International, Inc. Pension Plan.
	 

	 
		2.10  “Plan” shall mean
		Proliance International, Inc. Supplemental Executive Retirement Plan.
	 

	 
		2.11  “Plan Administrator”
		shall mean the Administrative Committee.
	 

	 
		2.12  “Plan Year” shall mean
		each calendar year.
	 

	 
		2.13  “Separation from
		Service” means a termination of employment with the Company, as defined
		for purposes of Code §409A. 
	 

	 
		2.14  “Specified Employee”
		means a Specified Employee as defined for purposes of Code §409A(2)(B)(i),
		which is, generally, the same as a Key Employee under Proliance International,
		Inc. Pension Plan, provided the Company has stock which is then publicly traded
		on an established securities market or otherwise. 
	 

	 
		2.15  “Spouse” shall mean the
		husband or wife of a Participant.
	 

	 
		Section 3.
		Administration
	 

	 
		3.1  The Plan shall be administered by
		the Administrative Committee. The Administrative Committee shall have full
		discretionary authority and power to construe and interpret the terms of the
		Plan, establish and amend administrative procedures to further the purposes of
		the Plan, and take any other actions necessary to administer the Plan. The
		Administrative Committee’s decisions, actions, and interpretations
		regarding the Plan shall be final and binding upon all Participants.
	 

	 
		3.2  The Administrative Committee shall
		act by vote or written consent of a majority of its members. Members of the
		Administrative Committee who are Participants may vote on or participate in any
		matter affecting the administration of the Plan, provided,
		
	 

	 
		 
	 

	 
		 
	 

	 
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		however, that no member of the Administrative Committee may
		vote on or participate in any matter directly relating to his or her own
		benefits.
	 

	 
		3.3  The Administrative Committee (or
		its delegate) shall (a) calculate benefits and maintain records of benefit
		payments; (b) prepare communications to Participants; (c) prepare reports
		and data required by the Company concerning the Plan; and (d) take any other
		actions as are otherwise necessary or appropriate for effective implementation
		and administration of the Plan. The Administrative Committee shall be the Plan
		Administrator for purposes of ERISA.
	 

	 
		Section 4. Benefits
	 

	 
		4.1  Retirement Benefits. A Participant shall become entitled to Retirement
		Benefits hereunder upon the Participant’s Separation from Service,
		provided that the Participant has qualified for retirement benefits under the
		Proliance International, Inc. Pension Plan (the “Pension Plan”). A
		Participant’s “Retirement Benefits” under this Plan shall be
		Actuarially Equivalent to the difference between the Participant’s Accrued
		Benefit under the Pension Plan calculated disregarding the limitations of Code
		§ 401(a)(17) and Code §415 and the Participant’s Accrued Benefit
		under the Pension Plan calculated taking into account the limitations of Code
		§401(a)(17) and Code §415, determined as of the Participant’s
		Separation from Service date. 
	 

	 
		4.2  Death Benefits. In lieu of Retirement Benefits under Section 4.1, above,
		“Death Benefits” are payable hereunder in the event of a
		Participant’s death while actively employed by the Company. With respect
		to an unmarried Participant, the Death Benefit under this Plan shall be
		Actuarially Equivalent to the difference between the Participant’s Accrued
		Benefit under the Pension Plan calculated disregarding the limitations of Code
		§ 401(a)(17) and Code §415 and the Participant’s Accrued Benefit
		under the Pension Plan calculated taking into account the limitations of Code
		§401(a)(17) and Code §415, determined as of the Participant’s
		date of death. With respect to a married Participant who dies while actively
		employed by the Company, the Death Benefit under this Plan shall equal the
		greater of (a) the Actuarial Equivalent of the difference between the
		Participant’s Accrued Benefit under the Pension Plan calculated
		disregarding the limitations of Code §401(a)(17) and Code §415 and
		the Participant’s Accrued Benefit under the Pension Plan calculated taking
		into account the limitations of Code §401(a)(17) and Code §415,
		determined as of the Participant’s date of death; or (b) the Actuarial
		Equivalent of the difference between the Qualified Preretirement Survivor
		Annuity based on the Participant’s Accrued Benefit under the Pension Plan
		calculated disregarding the limitations of Code §401(a)(17) and Code
		§415 and the Qualified Preretirement Survivor Annuity based the
		Participant’s Accrued Benefit under the Pension Plan calculated taking
		into account the limitations of Code §401(a)(17) and Code §415,
		determined as of the Participant’s date of death. The term “Qualified
		Preretirement Survivor Annuity” shall have the same meaning for purposes
		of this plan as for purposes of the Pension Plan.
	 

	 
		 
	 

	 
		 
	 

	 
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		4.3  Severance Benefits. If so provided in the Participant’s employment
		contract with the Company, a Participant shall become entitled to
		“Severance Benefits” hereunder upon the Participant’s Separation
		from Service if the Participant terminates employment for “Good
		Reason,” as defined in the Participant’s employment contract, or the
		Participant’s employment is terminated by the Company without
		“Serious Cause,” as defined in the Participant’s employment
		contract. Except in the event of a Separation from Service within a Change in
		Control Period (as defined below), Severance Benefits shall consist of payment
		of the Participant’s annual base salary plus the Participant’s
		allowance for a leased automobile, both determined as of the date of the
		Separation from Service, over a twenty-four month period (except as provided in
		Section 5.5, below). In the event of a Separation from Service within a Change
		in Control Period (as defined below), Severance Benefits shall consist of 2.99
		times the Participant’s “base amount” as defined for purposes of
		Code §280G payable over a thirty-six month period (except as provided in
		Section 5.5, below). Notwithstanding the foregoing, if any portion of these
		benefits would constitute “excess parachute payments (as defined for
		purposes of Code §280G) such excess parachute payments shall be reduced to
		the largest amount that will result in no portion of such excess parachute
		payments being subject to the excise tax imposed by Code §4999.
	 

	 
		For purposes of this Section 4.3, a Change
		of Control Period shall mean the period commencing on the date that a Change of
		Control is formally proposed to the Company’s Board of Directors and
		ending on the second anniversary of the date on which such Change of Control
		occurs; and Change in Control means a Change in Control as defined for purposes
		of the Participant’s employment contract. 
	 

	 
		Severance Benefits may become payable
		hereunder in addition to Retirement Benefits.
	 

	 
		4.4  Notwithstanding anything to the
		contrary set forth herein, any and all amounts payable hereunder shall remain
		general assets of the Company until actually paid distributed to a Participant.
		
	 

	 
		Section 5.
		Distributions
	 

	 
		5.1  Each Participant must file a
		Distribution Election concerning Retirement Benefits with the Administrative
		Committee. All Elections shall be made on such forms (paper or electronic) as
		shall be provided by the Administrative Committee. Generally, Distributions
		Elections must be filed by a Participant within 30 days of being notified by
		the Administrative Committee of eligibility for benefits under this Plan,
		provided, however, that between January 1, 2005 and December 31, 2006, a
		Participant may make a Distribution Election up until December 31, 2006 (or
		such other time as may be permitted under the IRS transition relief relating to
		Code §409A), provided that on or after January 1, 2006, a Participant may
		not change an Election with respect to amounts that would have otherwise been
		distributed in 2006 or file an Election to cause amounts to be distributed in
		2006 that would not otherwise have been distributed in 2006. 
	 

	 
		 
	 

	 
		 
	 

	 
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		5.2  Each Distribution Election shall
		include an election as to the time and form of distribution of Retirement
		Benefits from among the following options:
	 

	 
		(a)  a single lump sum calculated as
		though benefits commence as of the first of the month after the
		Participant’s Separation from Service, but payable as of the first of the
		month on or after the completion of six months after the Participant’s
		Separation from Service; or
	 

	 
		(b)  a single life annuity for the life
		of the Participant calculated as though benefits commence as of the first of
		the month after the Participant’s Separation from Service, provided that
		payments shall be withheld until the first of the month on or after the
		completion of six months after the Participant’s Separation from Service,
		at which time an initial payment shall be made equal to the sum of the withheld
		monthly installments.
	 

	 
		(c)  a single life annuity for the life
		of the Participant calculated as though benefits commence as of the first of
		the month after the Participant’s Separation from Service with a guarantee
		of not less than 120 monthly installments, provided that payments shall be
		withheld until the first of the month on or after the completion of six months
		after the Participant’s Separation from Service, at which time an initial
		payment shall be made equal to the sum of the withheld monthly
		installments.
	 

	 
		(d)  a joint and 50% survivor annuity
		for the life of the Participant and a joint annuitant calculated as though
		benefits commence as of the first of the month after the Participant’s
		Separation from Service, provided that payments shall be withheld until the
		first of the month on or after the completion of six months after the
		Participant’s Separation from Service, at which time an initial payment
		shall be made equal to the sum of the withheld monthly installments, and
		further provided that the annuity benefits shall be calculated making such
		adjustments as would be necessary to satisfy the minimum distribution
		incidental benefit requirements of Code 401(a)(9), and further provided that if
		the joint annuitant designated by the Participant is not living on the
		Participant’s Separation from Service date, benefits shall be paid in the
		form of a single life annuity, as provided in (b), above.
	 

	 
		(e)  an annuity as in (d), above,
		except that the benefit will be calculated as a joint and 100% survivor
		annuity. 
	 

	 
		5.3  A Participant may change an
		election as to the form or timing of payment of Retirement Benefits by filing a
		subsequent written election, provided,
		however, that
	 

	 
		(a)  such subsequent election is
		approved by the Committee, in its discretion and is consistent with one of the
		forms of benefit permitted under Section 5.2, above;
	 

	 
		(b)  such subsequent election does not
		take effect until at least 12 months after the date on which the subsequent
		election is made;
	 

	 
		 
	 

	 
		 
	 

	 
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		(c)  with respect to an election
		relating to a distribution on account of a Separation from Service (or any
		other permitted distribution event under Code §409A, other than
		disability, death or unforeseeable emergency), payment is deferred for a period
		of not less than 5 years from the date payment would otherwise have been made
		or commenced; and
	 

	 
		(d)  with respect to any election
		relating to a distribution to be made (or commence) as of a specified date or
		pursuant to a fixed schedule (if permitted by the Plan), the subsequent
		election is made not less than 12 months prior to the date of the first
		scheduled payment.
	 

	 
		Furthermore, no change of election shall
		permit the acceleration of the time or schedule of any payment under the Plan,
		except as may be provided by regulation or other guidance issued pursuant to
		Code §409A(a)(3). This paragraph is intended to be (and shall be
		interpreted to be) consistent with Code §409A(a)(3), Code
		§409A(a)(4)(C) and related guidance. 
	 

	 
		5.4  Death Benefits, if any, shall be
		paid in the form of a single lump sum as soon as administratively feasible
		after the Participant’s death. In the event of a Participant’s death
		after the Participant has qualified for Retirement Benefits, (i) if the
		Participant elected a lump sum form of benefit which has not been paid by the
		time of the Participant’s death, such benefit shall be paid to the
		Participant’s Beneficiary; (ii) if the Participant elected a single life
		annuity with a guaranteed number of payments and not all of the guaranteed
		payments have been made, the remaining guaranteed payments shall be paid to the
		Participant’s Beneficiary; and (iii) if the Participant elected a joint
		and survivor annuity and is survived by the joint annuitant, benefits shall
		continue to the joint annuitant for the joint annuitant’s life.
	 

	 
		5.5  Severance Benefits shall be paid
		in the form of equal monthly installments commencing as of the first of the
		month after the Participant’s Separation from Service, provided that
		payments shall be withheld until the first of the month on or after the
		completion of six months after the Participant’s Separation from Service,
		at which time an initial payment shall be made equal to the sum of the withheld
		monthly installments.
	 

	 
		5.6  At any time that the Company is
		publicly traded on an established securities market (as defined for purposes of
		Code §409A) and a distribution is to be made to a Specified Employee (as
		defined for purposes of Code §409A(a)(2)(B)(i)) on account of a Separation
		from Service, no distribution shall be made before the date which is 6 months
		after the date of the Specified Employee’s Separation from Service.

	 

	 
		Section 6. Beneficiary
		Designation
	 

	 
		6.1  Each Participant shall file with
		the Committee a written designation of a Beneficiary to receive any benefit
		payable to a Beneficiary under this Plan on or after the 
	 

	 
		 
	 

	 
		 
	 

	 
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		Participant’s death. The designation
		shall be made in such form as may be prescribed by the Committee. A Participant
		may, from time to time, amend or revoke his or her designation of
		Beneficiary.
	 

	 
		6.2  If a Participant fails to
		designate a Beneficiary, if neither the primary designated Beneficiary nor any
		contingent Beneficiary survives the Participant or if a Participant’s
		designation of Beneficiary fails for any other reason, then any benefit
		otherwise payable to the Participant’s Beneficiary will be distributed to
		the Participant’s estate.
	 

	 
		Section 7. Claims
		Procedures
	 

	 
		7.1  Any person or entity (hereinafter
		referred to as “Claimant”) claiming a benefit, requesting an
		interpretation or ruling under the Plan, or requesting information under the
		Plan shall present the request in writing to the Administrative Committee,
		which shall respond in writing as soon as practical, but in no event later than
		ninety (90) days after receiving the initial claim.
	 

	 
		7.2  If the claim or request is denied,
		the written notice of denial shall state:
	 

	 
		(i)  the reasons for denial, with
		specific reference to the Plan provisions on which the denial is based; 

	 

	 
		(ii)  a description of any additional
		material or information required and an explanation of why it is necessary, in
		which event the time period indicated in Section 7.1, above, shall be one
		hundred and eighty (180) days from the date of the initial claim; and
	 

	 
		(iii)  an explanation of the
		Plan’s claim review procedure. 
	 

	 
		7.3  Any Claimant whose claim or
		request is denied or who has not received a response within sixty (60) days may
		request a review by notice given in writing to the Administrative Committee.
		Such request must be made within sixty (60) days after receipt by the Claimant
		of the written notice of denial, or in the event Claimant has not received a
		response sixty (60) days after receipt by the Administrative Committee of
		Claimant’s claim or request. The claim or request shall be reviewed by the
		Administrative Committee which may, but shall not be required to, grant the
		Claimant a hearing. On review, the Claimant may have representation, examine
		pertinent documents, and submit issues and comments in writing.
	 

	 
		7.4  The decision on review shall
		normally be made within sixty (60) days after the Administrative
		Committee’s receipt of a Claimant’s claim or request. If an extension
		of time is required for a hearing or other special circumstances, the Claimant
		shall be notified and the time limit shall be one hundred twenty (120) days.
		The decision shall be in writing and shall state reasons supporting the
		decision and the relevant Plan provisions. All decisions on review shall be
		final and bind all parties concerned.
	 

	 
		 
	 

	 
		 
	 

	 
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		Section 8. General
		Provisions
	 

	 
		8.1  The rights of a Participant to the
		payment of deferred compensation as provided in the Plan shall not be assigned,
		pledged, or encumbered or be subject in any manner to anticipation, alienation,
		sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution
		or levy of any kind, whether voluntary or involuntary, including, but not
		limited to, any liability which is for alimony or other payments for the
		support of a spouse or former spouse, or for any other relative of any
		Participant. Any such attempted assignment or transfer shall be void.
	 

	 
		8.2  The Plan is intended to constitute
		an unfunded deferred compensation arrangement for a select group of management
		and highly compensated employees. Nothing contained in the Plan, and no action
		taken pursuant to the Plan, shall create or be construed to create a trust of
		any kind. The Company’s obligations hereunder shall be an unfunded and
		unsecured promise to pay money in the future for tax purposes and for purposes
		of Title I of ERISA. A Participant’s right to receive benefits hereunder
		shall be no greater than the right of an unsecured general creditor of the
		Company. Benefits shall be paid from the general funds of the Company, and no
		special or separate fund shall be established and no segregation of assets
		shall be made to assure payment of such benefits. Notwithstanding the
		foregoing, the Company may, in its discretion and in conjunction with
		maintaining this Plan, establish a so-called “rabbi trust.” Any such
		trust created by the Company, and any assets held thereunder to assist the
		Company in meeting its obligations under this Plan, may be based on the Revenue
		Procedure 92-64 model trust (or subsequent guidance issued by the IRS).
	 

	 
		8.3  Nothing contained in the Plan
		shall give any Participant the right to continue in the employment of the
		Company or affect the right of the Company to discharge a Participant.
	 

	 
		8.4  The Plan shall be construed and
		governed in accordance with the laws of the State of Connecticut, to the extent
		not preempted by Federal law.
	 

	 
		Section 9. Taxes and Income Tax
		Withholding
	 

	 
		9.1  The Company shall deduct from all
		amounts paid under this Plan any taxes required to be withheld by the Company
		under any federal, state, or local government tax statutes. The Participants
		will be responsible for all federal, foreign, state and local income taxes and
		any other taxes imposed on amounts paid under this Plan.
	 

	 
		Section 10. Amendment, Suspension or
		Termination
	 

	 
		10.1  The Company, by action of its
		Board of Directors (or its delegate), may amend or terminate the Plan at any
		time and for any reason, provided, however, that no 
	 

	 
		 
	 

	 
		 
	 

	 
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		amendment or termination of the Plan shall
		adversely affect the vested benefits payable hereunder to any Participant for
		service rendered prior to the effective date of such amendment or
		termination.
	 

	 
		[signature page follows]
	 

	 
		 
	 

	 
		 
	 

	 
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		IN WITNESS WHEREOF, the undersigned, on
		behalf of the Company, has set his or her hand this 26th day of March,
		2007.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  PROLIANCE INTERNATIONAL,
				  INC.
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By:
				

			 	
				
				  
      /s/ Paul R.
				  Lederer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Its Chairman of the Board
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Duly Authorized
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		10PROLIANCE INTERNATIONAL, INC.
	 

	 
		RESTRICTED STOCK AGREEMENT
	 

	 
		This Agreement (this “Agreement”)
		is made as of March 26, 2007 (the “Date of Grant”), by and between Proliance International, Inc., a
		Delaware corporation (the “Company”),
		and Charles E. Johnson (the “Grantee”).
	 

	 
		1.  Grant of Restricted Stock. Subject to and upon the terms, conditions, and
		restrictions set forth in this Agreement and in the Proliance International,
		Inc. Equity Incentive Plan (the “Plan”), the
		Company hereby grants to the Grantee 17,689 shares of common stock of the
		Company. These shares are referred to in this Agreement as
		“Restricted Shares” during the applicable Restriction Period (as
		defined in paragraph 4(c) hereof). Acceptance of the Restricted Shares shall be
		deemed to be agreement by the Grantee to the terms and conditions set forth in
		this Agreement and the Plan. Certificates representing the Restricted Shares
		may not be sold or otherwise transferred and must be held by the Grantee until
		the end of the applicable Restriction Period. Until such terms and conditions
		have lapsed with respect to any Restricted Shares, the certificate for such
		shares will, at the Company’s option, remain in the physical possession of
		the Company or bear a legend to the effect that they were issued or transferred
		subject to, and may be sold or otherwise disposed of only in accordance with,
		the terms of this Agreement and the Plan.
	 

	 
		2.  Stockholder Status. Effective upon the Date of Grant, the Grantee will be
		a holder of record of the Restricted Shares and will have all rights of a
		stockholder with respect to such shares (including the right to vote such
		shares at any meeting of stockholders of the Company and the right to receive
		all dividends paid with respect to such shares), subject only to the terms and
		conditions imposed by this Agreement and the Plan.
	 

	 
		3.  Effect of Changes in Capitalization. The number of Restricted Shares are subject to
		adjustment as provided in Section 6 of the Plan. Any additional or different
		shares or securities issued as the result of such an adjustment will be held or
		delivered in accordance with this Agreement and will be deemed to be included
		within the term “Restricted Shares”.
	 

	 
		4.  Lapse of Restrictions.
	 

	 
		(a)  The restrictions set forth in
		paragraph 5 below will lapse to the extent of one-third of the Restricted
		Shares on each of the first three anniversaries of the Date of Grant; provided,
		that if the Grantee agrees to reduce his 2007 base salary by an amount equal to
		$75,000, the restrictions set forth in paragraph 5 below will lapse instead, in
		their entirety, on the second anniversary of the Date of Grant.
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		(b)  Notwithstanding paragraph 4(a),
		the restrictions set forth in paragraph 5 below will lapse on all Restricted
		Shares at the close of business on the date on which a Change in Control of the
		Company (as defined below in this paragraph 4(b)) shall occur. For purposes of
		this Agreement, a “Change in
		Control” will occur (a) upon the
		public announcement that any “person” (as such term is used in
		Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
		(the “Exchange Act”)) (other than the Company, any trustee or other
		fiduciary holding securities under an employee benefit plan of the Company, or
		any corporation owned, directly or indirectly, by the stockholders of the
		Company in substantially the same proportions as their ownership of the stock
		of the Company) is or becomes the “beneficial owner” (as defined in
		Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of
		the Company representing 30% or more of the combined voting power of the
		Company’s then outstanding securities, (b) if, during any period of two
		consecutive years, individuals who at the beginning of such period constitute
		the Company’s Board of Directors (the “Board”),
		and any new director (other than a director designated by a person that has
		entered into an agreement with the Company to effect a transaction described in
		clause (a), (c) or (d) of this sentence) whose election by the Board or
		nomination for election by the Company’s stockholders was approved by a
		vote of at least 2/3 of the directors then still in office who either were
		directors at the beginning of the period or whose election or nomination for
		election was previously so approved, cease for any reason to constitute at
		least a majority thereof, (c) if the stockholders of the Company approve a
		merger or consolidation of the Company with any other corporation, other than
		(i) a merger or consolidation which would result in the voting securities of
		the Company outstanding immediately prior thereto continuing to represent
		(either by remaining outstanding or by being converted into voting securities
		of the surviving entity) more than 80% of the combined voting power of the
		voting securities of the Company or such surviving entity outstanding
		immediately after such merger or consolidation or (ii) a merger or
		consolidation effected to implement a recapitalization of the Company (or
		similar transaction) in which no “person” (as defined above) acquires
		more than 30% of the combined voting power of the Company’s then
		outstanding securities, or (d) if the stockholders of the Company approve a
		plan of complete liquidation of the Company or an agreement for the sale or
		disposition by the Company of all or substantially all of the Company’s
		assets.
	 

	 
		(c)  Notwithstanding paragraph 4(a),
		the restrictions set forth in paragraph 5 below will lapse on all Restricted
		Shares if (i) the Grantee’s employment with the Company is terminated in
		the event of death, Disability or Retirement of the Employee; (ii) the Company
		terminates the Grantee’s Term of Employment and the Employee’s
		employment without Serious Cause, or (iii) the Grantee terminates the Term of
		Employment for Good Reason (capitalized terms used in this paragraph 4(c) but
		not otherwise defined in this Agreement shall have the meanings provided in the
		Employment Agreement between the Company and the Grantee dated March 12, 2001,
		as amended).
	 

	 
		(d)  As soon as practicable after the
		restrictions with respect to any installment of Restricted Shares lapse at the
		end of the period applicable to such
	 

	 
		 
	 

	 
		 
	 

	 
		-2-
	 

	 
		 
	 

	 
	 

	 

	 
		installment set forth in paragraphs 4(a),
		4(b) and 4(c) above (the “Restriction Period”), the Company will deliver to the Grantee, or the
		Grantee’s legal representative in case of the Grantee’s death,
		promptly after surrender of the Grantee’s certificate(s) for the
		Restricted Shares to the Treasurer of the Company, the certificate or
		certificates for such shares free of any legend or further restrictions
		together with, if applicable, a new certificate representing any remaining
		Restricted Shares. It shall be a condition to the obligation of the Company to
		issue or transfer shares of Common Stock upon the lapse of restrictions that
		the Grantee (or any person entitled to act under this paragraph 4(d)) pay to
		the Company, upon its demand, such amount as may be requested by the Company
		for the purpose of satisfying its liability to withhold federal, state or local
		income or other taxes by reason of such issuance or transfer. If the amount
		requested is not paid, the Company may refuse to issue or transfer shares of
		Common Stock.
	 

	 
		5.  Restrictions.
		During the Restriction Period, neither the Restricted Shares nor any right or
		privilege pertaining thereto may be sold, transferred, assigned, pledged,
		hypothecated or otherwise disposed of or encumbered in any way, by operation of
		law or otherwise, and shall not be subject to execution, attachment or similar
		process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise
		dispose of or encumber the Restricted Shares or any right or privilege
		pertaining thereto, otherwise than by will or by the laws of descent and
		distribution, or upon the levy of any execution, attachment or similar process
		thereupon, the Restricted Shares and all rights and privileges given hereby
		shall immediately terminate and the Restricted Shares shall be forfeited to the
		Company pursuant to paragraph 6 hereof.
	 

	 
		6.  Forfeiture.
	 

	 
		(a)  All the Grantee’s rights to,
		and interest in, the Restricted Shares shall terminate and be forfeited to the
		Company without payment of consideration if either (i) the Grantee’s
		employment by the Company or any subsidiary thereof terminates (or, if the
		Grantee is no longer employed by the Company but has become a consultant to the
		Company under a post-employment consulting arrangement, such consulting
		arrangement terminates) for any reason; provided,
		however, that the Grantee’s employment will not be deemed
		to have terminated for this purpose while the Grantee is on a leave of absence
		which has been approved by the Company or while the Grantee is serving as a
		consultant to the Company or any subsidiary thereof under a post-employment
		consulting arrangement, or (ii) any action prohibited by paragraph 5 hereof is
		taken. For purposes of this Agreement, a transfer of employment from the
		Company to a subsidiary or from a subsidiary to the Company or between
		subsidiaries shall not be deemed a termination of employment.
	 

	 
		(b)  If Restricted Shares are forfeited
		for any of the reasons stated in paragraph 6(a) hereof, such forfeiture shall
		be effective upon the occurrence of the event giving rise to the forfeiture.
		The Grantee agrees to repay to the Company all dividends, if any, paid after
		such event with respect to the Restricted Shares which have been
		forfeited.
	 

	 
		 
	 

	 
		 
	 

	 
		-3-
	 

	 
		 
	 

	 
	 

	 

	 
		(c)  If at any time the Grantee
		forfeits any Restricted Shares pursuant to this Agreement, the Grantee agrees
		to return the certificate or certificates for such Restricted Shares to the
		Company duly endorsed in blank or accompanied by a stock power duly executed in
		blank.
	 

	 
		(d)  Determination as to whether an
		event has occurred resulting in the forfeiture of, or lapse of restrictions on,
		Restricted Shares, in accordance with this Agreement, shall be made by the
		Compensation Committee, and all determinations of the Committee shall be final
		and conclusive.
	 

	 
		7.  Company Right to Terminate Employment and Other
		Remedies. Nothing provided herein shall
		be construed to affect in any way the right or power of the Company, subject to
		the provisions of any other written agreement between the Grantee and the
		Company relating to the subject matter, to terminate the Grantee’s
		employment as an employee of or a consultant to the Company at any time for any
		reason with or without cause, nor to preclude the Company from taking any
		action or enforcing any remedy available to it with respect to any action or
		conduct on the Grantee’s part.
	 

	 
		8.  Additional Documents.
	 

	 
		(a)  It is the intention of the Company
		that this award of Restricted Shares shall meet the requirements of, and result
		in the application of, the rules prescribed by Section 83 of the Internal
		Revenue Code of 1986, as in effect at the date hereof, and applicable
		regulations thereunder. Accordingly, each and every provision shall be
		construed and interpreted in such manner as to conform with such intention and
		the Company reserves the right to execute and to require the Grantee to execute
		any further agreements or other instruments, which may be effective as of the
		date of the award of the Restricted Shares covered by this Agreement,
		including, but without limitation, any instrument modifying or correcting any
		provision hereof, or any action taken hereunder or contemporaneously herewith,
		and to take any other action, which may be effective as of the date of the
		award of the Restricted Shares covered by this Agreement, that, in the opinion
		of counsel for the Company, may be necessary or desirable to carry out such
		intention.
	 

	 
		(b)  If the Grantee fails, refuses or
		neglects to execute and deliver any instrument or document or to take any
		action requested by the Company to be executed or taken by the Grantee pursuant
		to the provisions of paragraph 8(a) above for a period of 30 days after the
		date of such request, the Company may require the Grantee, within ten 10 days
		after delivery to the Grantee of a written demand by the Company, to forfeit
		all Restricted Shares then held by the Grantee.
	 

	 
		9.  Amendments. Any
		amendment to the Plan will be deemed to be an amendment to this Agreement to
		the extent that the amendment is applicable
	 

	 
		 
	 

	 
		 
	 

	 
		-4-
	 

	 
		 
	 

	 
	 

	 

	 
		hereto; provided,
		however, that no amendment will impair the rights of the
		Grantee under this Agreement without the Grantee’s consent.
	 

	 
		10.  Severability. In
		the event that one or more of the provisions of this Agreement is invalidated
		for any reason by a court of competent jurisdiction, any provision so
		invalidated will be deemed to be separable from the other provisions hereof,
		and the remaining provisions hereof will continue to be valid and fully
		enforceable.
	 

	 
		11.  Relation to Plan. This Agreement is subject to the terms and conditions
		of the Plan. In the event of any inconsistency between the provisions of this
		Agreement and the Plan, the Plan as interpreted and construed by the
		Compensation Committee will govern. Capitalized terms used herein without
		definition will have the meanings assigned to them in the Plan. The
		Compensation Committee acting pursuant to the Plan, as constituted from time to
		time, will, except as expressly provided otherwise herein, have the right to
		determine any questions which arise in connection with this Agreement and the
		Restricted Shares.
	 

	 
		12.  Successors and Assigns. Without limiting Section 4 hereof, the provisions of
		this Agreement will inure to the benefit of, and be binding upon, the
		successors, administrators, heirs, legal representatives and assigns of the
		Grantee, and the successors and assigns of the Company.
	 

	 
		13.  Governing Law.
		The interpretation, performance and enforcement of this Agreement will be
		governed by the laws of the State of Delaware, without giving effect to the
		principles of conflict of laws thereof. Each party to this Agreement hereby
		consents and submits himself, herself or itself to the jurisdiction of the
		courts of the State of Delaware for the purposes of any legal action or
		proceeding arising out of this Agreement.
	 

	 
		14.  Notices. Any
		notice to the Company provided for herein will be in writing to the Company and
		any notice to the Grantee will be addressed to the Grantee at his or her
		address on file with the Company. Except as otherwise provided herein, any
		written notice will be deemed to be duly given if and when delivered personally
		or sent by courier service, registered mail or electronic means of
		communication, and addressed as aforesaid. Any party may change the address to
		which notices are to be given hereunder by notice to the other party as herein
		specified (provided that for this purpose any mailed notice will be deemed
		given on the third business day following deposit of the same in the
		mail).
	 

	 
		[Signature page follows]
	 

	 
		 
	 

	 
		 
	 

	 
		-5-
	 

	 
		 
	 

	 
	 

	 

	 
		IN WITNESS WHEREOF, the Company has caused
		this Agreement to be executed on its behalf by its duly authorized officer and
		Grantee has also executed this Agreement in duplicate, as of the day and year
		first above written.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  PROLIANCE INTERNATIONAL, INC.

				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  
      /s/ Paul R.
				  Lederer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	
				
				  Paul R. Lederer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title: 
				

			 	
				
				  Chairman of the Board
				

			 

 

	 
		 
	 

	 
		The undersigned Grantee hereby acknowledges
		receipt of an executed original of this Restricted Stock Agreement and accepts
		the Restricted Shares granted hereunder, subject to the terms and conditions of
		the Plan and the terms and conditions set forth herein.
	 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  
      /s/ Charles E.
				  Johnson
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Charles E. Johnson
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		-6-

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