Document:

Prepared by R.R. Donnelley Financial -- Employment Agreement w/John N. Lauer for 4/26/02

  
 Exhibit 10.1 
  
 SECOND AMENDMENT 
 TO 
 EMPLOYMENT AGREEMENT

  
 THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT is entered into on this        day of
                , 2002, by and between OGLEBAY NORTON COMPANY, an Ohio corporation (“Oglebay”), and JOHN N. LAUER (“Lauer”). 
  
 WHEREAS, Oglebay and Lauer have entered into a certain Employment Agreement, dated December 17, 1997, as amended June 30, 2000 (the
“Agreement”), setting forth certain terms and conditions relating to the engagement and employment of Lauer by Oglebay; and 
  
 WHEREAS, Oglebay and Lauer desire to further amend the Agreement to extend the term thereof and to provide certain additional benefits to Lauer subject to the terms and conditions as further set forth herein; 
  
 NOW, THEREFORE, Oglebay and Lauer hereby agree to amend the Agreement, effective as of January 3, 2003 and subject to the condition precedent that Lauer
remains in employment with Oglebay through January 2, 2003, as follows: 
  
 1.  The term of
Lauer’s employment under the Agreement will be extended to January 4, 2004. 
  
 2.  Lauer shall
hold the office of Chairman and Chief Executive Officer of Oglebay until December 31, 2002. Lauer shall continue as the Chairman of the Board of Directors until December 31, 2003, at which time he will retire from the Board of Directors.

  
 3.  In addition to other Shares provided to Lauer under and in accordance with the terms of the
Agreement, Oglebay will grant to Lauer 25,000 Shares on December 31, 2002 or January 2, 2003, as elected by Lauer in a writing delivered to the Chairman of the Compensation, Organization and Governance Committee of the Board of Directors prior to
such date. These Shares shall be fully vested upon issuance by the Company; however, Lauer shall be restricted from selling the shares until such time that his employment at the Company is terminated. 
  
 4.  Any cash bonus to be provided to Lauer under Section 4.3 of the Agreement, whether relating to the Annual Incentive Plan
or the Long-Term Incentive Plan, and for purposes of Section 6.1(c) thereof (taking into account for the purposes of that provision performance objectives achieved through the Termination Date), for the calendar year 2003 shall not be subject to any
special cap and will be calculated as if Lauer had an annual base salary of $500,000. 
  
 5.  The
excess or supplemental retirement benefit plan referenced in Section 4.4 of the Agreement, which shall mean that certain Special Supplemental Retirement Plan adopted by Oglebay, effective December 17, 1997, as amended, shall provide Lauer with
retirement benefits which, when added to any benefits under the Qualified Plan, equal benefits Lauer would have been entitled to under the Qualified Plan if (a) Lauer’s covered compensation, throughout the 
 

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 period of his employment, had included salary at the rate of $500,000 per year and an annual
bonus equal to the higher of his actual bonus for the applicable year or $250,000, (b) Lauer had been credited with ten years of service under the Qualified Plan, and (c) there were no limits on the amount of covered compensation that could be taken
into account in determining the benefit payable to Lauer under the Qualified Plan. 
  
 6.  In addition
to other benefits provided under Section 4.4 of the Agreement, commencing upon the termination of the Agreement under any provision of Section 5 of the Agreement other than (a) Section 5.3 thereof or (b) because of the death of Lauer under Section
5.2 thereof, Oglebay shall provide to or on behalf of Lauer medical benefits (“Medical Benefits”) of the same kind and to the same extent as are provided to similarly situated individuals under the medical plan maintained by Oglebay for
retirees, as such plan is in effect at the time services with respect to such Medical Benefits are provided (the “Medical Plan”), but expressly excluding any plan or benefits provided to retirees or employees solely pursuant to the terms
of any collective bargaining agreement. Where the Medical Plan permits covered individuals to elect from among coverage options, Lauer shall be provided with the same options from which to elect. Lauer shall be required to pay any premium for the
provision of Medical Benefits which would otherwise be applicable to similarly situated individuals, and will be subject to deductible, co-insurance, and out-of-pocket payment requirements, reasonable and necessary reimbursement limitations, and
other limits and restrictions, including any variations with respect to non-network provider services, self-referrals, or generic and non-generic drugs, to the same extent as other individuals covered under the Medical Plan or under the coverage
option thereof, if any, elected by Lauer. The Medical Benefits shall be provided to or on behalf of Lauer until his death or until such earlier date that Oglebay ceases to maintain a medical plan for retirees. The Medical Benefits may, at the option
of Oglebay, be provided under the Medical Plan if the Medical Plan otherwise so permits. Medical Benefits may be provided by direct payment to providers or by reimbursement to Lauer, subject in either case to the presentation of evidence of services
provided in such form reasonably requested by Oglebay. No duplication of Medical Benefits shall be provided pursuant to the Agreement and any medical plan of Oglebay or an affiliate. For any period during which Lauer is entitled to coverage under
any plan of Oglebay or an affiliate in accordance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), Lauer shall be required to elect COBRA coverage as a condition to the coverage to be provided
under the Agreement. Medical Benefits shall be provided to or on behalf of Lauer’s spouse to the same extent and for such time during Lauer’s life while Lauer is entitled to Medical Benefits, and after Lauer’s death, as such may be
provided to or on behalf of similarly situated spouses of retirees covered under the Medical Plan, subject to the same requirements and restrictions set forth in the foregoing as are applicable to the provision of Medical Benefits to or on behalf of
Lauer. Notwithstanding the foregoing, no Medical Benefits shall be provided to or on behalf of Lauer’s spouse if the Agreement terminates under circumstances under which Lauer would not be entitled to Medical Benefits. 
  
 7.  Section 8 of the Agreement shall reflect the Ohio General Corporation Law rather than the Delaware General Corporation
Law as being the applicable law referenced therein. 
  
 8.  The provisions of the Agreement shall be
deemed amended to the extent necessary to reflect the changes set forth above. Except to the extent so amended, the provisions of the Agreement shall continue in full force and effect and Lauer shall not be deemed to have 
 

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 waived any rights or benefits to which he may be entitled under the Agreement with respect to
periods prior to the extension of the term thereof. 
  
 9.  All capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Agreement. 
  
 IN WITNESS WHEREOF, Oglebay and Lauer have executed
this Second Amendment to Employment Agreement, Oglebay by the duly authorized Chairman of the Compensation, Organization and Governance Committee of its Board of Directors, as of the date first written above. 
  
 
	 OGLEBAY NORTON COMPANY
 
	 
	 By:
 	 	 

	  	 	 Albert C. Bersticker, Chairman,
 Compensation, Organization and
 Governance Committee

 
  
 
	  
	 
	 By:
 	 	 

	  	 	 John N. Lauer
 

 
  
  
  
 

 3REAL ESTATE LEASE

This Lease Agreement (this "Lease") is dated March 15, 2002, by and between J
& J Holdings, Inc. ("Landlord"), a Nevada corporation, and Legends of the
Faith, Inc.,("Tenant"), a Nevada corporation.  The parties agree as follows:

PREMISES.  Landlord, in consideration of the lease payments provided in this
Lease, leases to Tenant the premises (the "Premises") of approximately 3200
square feet located at 1045 Stephanie Way, Minden, NV 89423.

TERM.  The lease term will begin on  March 15, 2002 and will terminate on
March 15, 2003, with automatic renewal of 30 days each thereafter until
terminated as stated below.

LEASE PAYMENTS.  Tenant shall pay to Landlord monthly installments of
$3500.00, payable in advance on the first day of each month, with the amount
of $1750.00 for consideration of the first 16 days lease.  Lease payments
shall be made to the Landlord at P.O. Box 275, Genoa, NV 89411, which address
may be changed from time to time by the Landlord.

POSSESSION.  Tenant shall be entitled to possession upon signing of this
Lease, and shall yield possession to Landlord on the last day of the term of
this Lease, unless otherwise agreed by both parties in writing.  At the
expiration of the term, Tenant shall remove its goods and effects and
peaceably yield up the Premises to Landlord in as good a condition as when
delivered to Tenant, ordinary wear and tear excepted.

USE OF PREMISES.  Tenant may use the Premises only for Office, Light
Manufacturing, Storage.   The Premises may be used for any other purpose only
with the prior written consent of Landlord, which shall not be unreasonably
withheld.  Tenant shall notify Landlord of any anticipated extended absence
from the Premises not later than the first day of the extended absence.

PROPERTY INSURANCE.  Tenant shall maintain insurance which Landlord may
reasonably require for the protection of Landlord's interest in the Premises.
Tenant is responsible for maintaining casualty insurance on its own property.

<PAGE>

LIABILITY INSURANCE.  Tenant shall maintain liability insurance on the
Premises.  Tenant shall deliver appropriate evidence to Landlord as proof that
adequate insurance is in force issued by companies reasonably satisfactory to
Landlord.  Landlord shall receive advance written notice from the insurer
prior to any termination of such insurance policies.

RENEWAL TERMS.  This Lease shall automatically renew for an additional period
of 30 days each per renewal term, unless either party gives written notice of
termination no later than 30 days prior to the end of the term or renewal
term.  The lease terms during any such renewal term shall be the same as those
contained in this Lease.

MAINTENANCE.  Tenant shall have the responsibility to maintain the Premises in
good repair at all times during the term of this Lease.

TAXES.  Taxes attributable to the Premises or the use of the Premises shall be
allocated as follows:

REAL ESTATE TAXES.  Landlord shall pay all real estate taxes and assessments
for the Premises.

PERSONAL TAXES.  Tenant shall pay all personal taxes and any other charges
which may be levied against the Premises and which are attributable to
Tenant's use of the Premises, along with all sales and/or use taxes (if any)
that may be due in connection with lease payments.

TERMINATION UPON SALE OF PREMISES.  Notwithstanding any other provision of
this Lease, Landlord may terminate this lease upon 30 days' written notice to
Tenant that the Premises have been sold.

DEFAULTS.  Tenant shall be in default of this Lease if Tenant fails to fulfill
any lease obligation or term by which Tenant is bound.  Subject to any
governing provisions of law to the contrary, if Tenant fails to cure any
financial obligation within 5 days (or any other obligation within 5 days)
after written notice of such default is provided by Landlord to Tenant,
Landlord may take possession of the Premises without further notice (to the
extent permitted by law), and without prejudicing Landlord's rights to
damages.  In the alternative, Landlord may elect to cure any default and the
cost of such action shall be added to Tenant's financial obligations under
this Lease.  Tenant shall pay all costs, damages, and expenses (including
reasonable attorney fees and expenses) suffered by Landlord by reason of
Tenant's defaults.  All sums of money or charges required to be paid by Tenant
under this Lease shall be additional rent, whether or not such sums or charges
are designated as "additional rent". The rights provided by this paragraph are
cumulative in nature and are in addition to any other rights afforded by law.

LATE PAYMENTS.  For any payment that is not paid within 5 days after its due
date, Tenant shall pay a late fee of $50.00

<PAGE>

HOLDOVER.  If Tenant maintains possession of the Premises for any period after
the termination of this Lease ("Holdover Period"), Tenant shall pay to
Landlord lease payment(s) during the Holdover Period at a rate equal to the
normal payment rate set forth in the Renewal Terms paragraph.

CUMULATIVE RIGHTS.  The rights of the parties under this Lease are cumulative,
and shall not be construed as exclusive unless otherwise required by law.

NON-SUFFICIENT FUNDS.  Tenant shall be charged $50.00 for each check that is
returned to Landlord for lack of sufficient funds.

INDEMNITY REGARDING USE OF PREMISES.  To the extent permitted by law, Tenant
agrees to indemnify, hold harmless, and defend Landlord from and against any
and all losses, claims, liabilities, and expenses, including reasonable
attorney fees, if any, which Landlord may suffer or incur in connection with
Tenant's possession, use or misuse of the Premises, except Landlord's act or
negligence.

NOTICE.  Notices under this Lease shall not be deemed valid unless given or
served in writing and forwarded by mail, postage prepaid, addressed as
follows:

     LANDLORD:

     J & J Holdings, Inc.
     Box 275
     Genoa, NV  89411

     TENANT:

     Legends of the Faith, Inc.
     1045 Stephanie Way
     Minden, NV 89423

Such addresses may be changed from time to time by either party by providing
notice as set forth above.  Notices mailed in accordance with the above
provisions shall be deemed received on the third day after posting.

GOVERNING LAW.  This Lease shall be construed in accordance with the laws of
the State of Nevada.

ENTIRE AGREEMENT/AMENDMENT.  This Lease Agreement contains the entire
agreement of the parties and there are no other promises, conditions,
understandings or other agreements, whether oral or written, relating to the
subject matter of this Lease.  This Lease may be modified or amended in
writing, if the writing is signed by the party obligated under the amendment.

<PAGE>

SEVERABILITY.  If any portion of this Lease shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable.  If a court finds that any provision of this Lease is
invalid or unenforceable, but that by limiting such provision, it would become
valid and enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.

WAIVER.  The failure of either party to enforce any provisions of this Lease
shall not be construed as a waiver or limitation of that party's right to
subsequently enforce and compel strict compliance with every provision of this
Lease.

BINDING EFFECT.  The provisions of this Lease shall be binding upon and inure
to the benefit of both parties and their respective legal representatives,
successors and assigns.

LANDLORD:
J & J Holdings, Inc.

By: /s/ John Jackson                     Date:
    --------------------------------
    John Jackson, President

TENANT:
Legends of the Faith, Inc.

By: /s/ Gene Jackson                     Date:
   ----------------------------------
   Gene Jackson, President

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