Document:

This is an amendment and restatement of the AGREEMENT made February 22,
2005 effective as of the 1st day of April 2005 by and between TRANS-LUX
CORPORATION, a Delaware corporation having an office at 26 Pearl Street,
Norwalk, CT 06850 (hereinafter called "Employer"), and MICHAEL R. MULCAHY
residing at 24 Beeholm Road, Redding, CT 06896 (hereinafter called, "Employee").
This amended and restated agreement is made effective January 1, 2009.

                              W I T N E S S E T H:

WHEREAS, Employer and Employee have entered into the Agreement; and

WHEREAS, Section 409A of the Internal Revenue Code, and regulations and guidance
issued thereunder, including IRS Notice 2007-34 (the "409A Requirements")
require deferred compensation arrangements as defined therein to be in
compliance by December 31, 2008 and Employer and Employee desire to enter into
this Amendment to satisfy such 409A Requirements, it being understood nothing
contained in this Amendment is intended to increase any compensation or other
benefits to Employee in order to comply with the 409A Requirements;

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

     1.  Employer hereby employs Employee, and Employee hereby accepts
employment, upon the terms and conditions hereinafter set forth.

     2.  (a) The term ("Term") of the Agreement shall be the five year period
commencing April 1, 2005 and terminating March 31, 2010.

         (b) In the event that Employee remains or continues in the employ of
Employer after the Term, such employment, in the absence of a further written
agreement, shall be on an at-will basis, terminable by either party hereto on
thirty (30) days' notice to the other and, upon the 30th day following such
notice, the employment of Employee shall terminate.

         (c) Upon expiration of the Term of this Agreement, neither party shall
have any further obligations or liabilities to the other except as otherwise
specifically provided in this Agreement.

     3.  Employee shall be employed in an executive capacity of Employer (and
such of its affiliates, divisions and subsidiaries as Employer shall designate).
Employer shall use its best efforts to cause Employee to be elected and continue
to be elected President and Chief Executive Officer of Employer during the Term
of this Agreement.  The precise services of Employee may be designated or
assigned from time to time at the direction of the Board of Directors, the
Chairman of the Board, and the Vice-Chairman of the Board, provided, however,
that the duties assigned shall be of a character and dignity appropriate to a
senior executive of a corporation and consistent with Employee's background and
experience, and all of the services to be rendered hereunder by Employee shall
at all times be subject to the control, direction and supervision of the Board
of Directors of Employer, to which Employee does hereby agree to be bound.
Employee shall devote his entire time, attention and energies during usual
business hours (subject to Employer's policy with respect to vacations, holidays
and illnesses for comparable executives of Employer) to the business and affairs
of Employer, its affiliates, divisions and subsidiaries as Employer shall from
time to time direct.  Employee further agrees during the Term of this Agreement
to serve as an officer or director of Employer or of any affiliate or subsidiary
of Employer as Employer may request, and if Employee serves as such officer or a
director he will do so without additional compensation, other than director's
fees or honoraria, if any.  Subject to execution of this Agreement, Employee has
been nominated as a director of Employer for election at Employer's 2005 Annual
Meeting of Stockholders, but Employer cannot guaranty that Employee will be so
elected by the stockholders, and the failure of Employee to be so elected as
director of Employer shall not constitute breach of this Agreement.  Employer
agrees that during the Term of this Agreement Employee's principal office of
employment shall be within a sixty (60) mile radius of Norwalk, Connecticut.

     During the Term of this Agreement and during any subsequent employment of
Employee by Employer, Employee shall use his best efforts, skills and abilities
in the performance of his services hereunder and to promote the interests of
Employer, its affiliates, divisions and subsidiaries.  Employee shall not,
during the Term and during any subsequent employment of Employee by Employer, be
engaged in any other business activity, whether or not such business activity is
pursued for gain, profit or other pecuniary advantage.  The foregoing shall not
be construed as preventing Employee from investing his assets in such form or
manner as will not require any services on the part of Employee in the operation
of the affairs of the companies in which such investments are made, provided,
however, that Employee shall not, either directly or indirectly, be a director
of or make any investments in any company or companies which are engaged in
businesses competitive with those conducted by Employer or by any of its
subsidiaries or affiliates except where such investments are in stock of a
company listed on a national securities exchange, and such stock of Employee
does not exceed one percent (1%) of the outstanding shares of stock of such
listed company.

     Employee shall not at any time during or after the Term of this Agreement
use (except on behalf of Employer), divulge, furnish or make accessible to any
third person or organization any confidential information concerning Employer or
any of its subsidiaries or affiliates or the businesses of any of the foregoing
including, without limitation, confidential methods of operations and
organization, confidential sources of supply, identity of employees, customer
lists and confidential financial information.  In addition, Employee agrees that
all lists, materials, books, files, reports, correspondence, records and other
documents and information ("Employer Materials") used, prepared or made
available to Employee, shall be and shall remain the property of Employer.  Upon
the termination of employment of Employee or the expiration of this Agreement,
whichever is earlier, all Employer Materials shall be immediately returned to
Trans-Lux Corporation, and Employee shall not make or retain any copies
thereof:  nor disclose or otherwise use any information relating to said
Employer Materials to any other party.  As used herein the term Employer shall
include Employer, Employer's subsidiaries and affiliates, and any individuals
employed during the term of their employment, by any of them.

     4.  (a) For all services rendered by Employee during the Term of this
Agreement, Employer shall pay Employee a salary at the rate of TWO HUNDRED
EIGHTY THOUSAND DOLLARS ($280,000) per annum during each of the periods April 1,
2005 to March 31, 2006, April 1, 2006 to March 31, 2007, April 1, 2007 to March
31, 2008, April 1, 2008 to March 31, 2009 and April l, 2009 to March 31, 2010
and subject to the CPI Adjustment, as hereinafter defined, for each future
calendar year subsequent to 2005.  The payments to be made to Employee for the
twelve month periods commencing April, 2006, 2007, 2008 and 2009 shall each be
appropriately adjusted upward ("CPI Adjustment") for inflation in the prior
calendar year at the beginning of each such twelve month period based on the
United States Department of Labor Bureau of Labor Statistics, Consumer Price
Index, United States City Average, all items (2006 = 100).  Such salary shall be
payable weekly, or monthly, or in accordance with the payroll practices of
Employer for its executives.  The Employee shall also be entitled to all rights
and benefits for which he shall be eligible under any stock option plan, bonus,
participation or extra compensation plans, pensions, group insurance or other
benefits which Employer presently provides, or may provide for him and for its
employees generally.

This Agreement shall not be deemed abrogated or terminated if Employer, in its
discretion, shall determine to increase the compensation of Employee for any
period of time, or if the Employee shall accept such increase.  In addition to
the group insurance set forth herein, Employer also agrees to continue to
provide Employee with term life insurance in the amount of $75,000 at the
non-smoking rate during the term of this Agreement, provided Employee is
insurable at standard rates, with Employee paying any excess premium over the
non-smoking rate.  The Employer shall transfer such policy to Employee on his
retirement or termination of this Agreement by either party without cause.  All
payments under this Agreement are in United States dollars unless otherwise
specified.  In the event Employee is non-insurable, then Employer shall pay to
Employee from such determination during the remainder of the Term annually the
amount the premium for the above mentioned $75,000 policy would have been at the
standard rates.  Upon termination of this Agreement as a result of expiration of
the Term (without any new agreement), or termination by either party of any
at-will employment basis or either the Employee's retirement or discharge
without cause, Employer agrees to pay for (i) continuation of coverage of
Employee's present $75,000 life insurance for one (1) year and, (ii) unless
Medicare or equivalent is in effect, medical insurance coverage, for Employee
and his present spouse for the period of time coverage is available under COBRA,
not to exceed eighteen (18) months and, thereafter for additional months so that
the maximum time period for medical coverage is three (3) years, provided,
however, any such coverage shall cease at Employee's 65th birthday (or in the
case of his spouse, what would have been Employee's 65th birthday if he dies
during such time period).

         (b) Employer may make appropriate deductions from the said payments
required to be made in this Section 4 to Employee to comply with all
governmental withholding requirements.

         (c) If, during the Term of this Agreement and if the Employee is still
in the employ of Employer, Employee shall be prevented from performing or be
unable to perform, or fail to perform, his duties by reason of being disabled
for four (4) consecutive months (excluding normal vacation time) during the Term
hereof, Employer agrees to pay Employee thereafter for the duration of such
incapacity (i) during the Term, or (ii) 24 months, whichever is greater, 50% of
the base salary which Employee would otherwise have been entitled to receive (in
the same form and on the same schedule) if not for the disability; provided,
however, if such 4(c) shall terminate and Section 7 shall apply.  If payments
under Section 7 cease because of Employee's death prior to the end of the 24
month period under this Section 4(c), then the balance of the payments hereunder
will be made, for example, if Employee has received 6 months of disability
payments before the Term expires and dies after receiving 12 months of payments
under Section 7, then Employee's widow or surviving issue will receive the
remaining 6 months of payments under this Section 4(c).  If Employee dies during
such 24 month period prior to the end of the Term, then Section 4(e) shall apply
and the payments under this Section 4(c) shall terminate.

         For purposes of this Agreement, a Employee shall be considered to be
"disabled" or have a "disability" if the Employee meets one of the following
requirements:

             (A) The Employee is unable to engage in any substantial gainful
                 activity by reason of any medically determinable physical or
                 mental impairment that can be expected to result in death or
                 can be expected to last for a continuous period of not less
                 than 12 months.

             (B) The Employee is, by reason of any medically determinable
                 physical or mental impairment expected to last for a continuous
                 period of not less than 12 months, receiving income replacement
                 benefits for a period of not less than three months under an
                 accident and health plan covering employees of the Company.

A Employee will be deemed to be disabled if determined to be totally disabled by
the Social Security Administration or in accordance with a disability insurance
program that applies a definition of disability that is at least as restrictive
as the foregoing description in this Section 4(c).

         (d) The Board, upon the recommendation of the Compensation Committee of
the Board, shall consider the grant of a bonus ("Bonus") to Employee based on
Employer's performance for Employer's immediately preceding fiscal year for each
of 2006, 2007, 2008, 2009, 2010 and 2011.  Such Bonus, if awarded, and unless
otherwise deferred by Employee, shall be paid on the May 31st following the end
of the applicable fiscal year.  Employee hereby agrees to defer payment of any
Bonus for any fiscal year commencing with the 2009 fiscal year until the June 1
following the end of the applicable fiscal year.  Employee hereby acknowledges
the restrictions on changing such deferral to another date.

         Notwithstanding the foregoing, Employer shall pay Employee the Bonus
rate applicable for each level of annual pre-tax consolidated earnings for any
of the fiscal years ending December 31, 2005 (including the period January
1-March 31, 2005 as provided hereafter in Section 13), 2006, 2007, 2008, 2009
and 2010 only, (provided however that the Bonus, if any, for 2010 shall be 25%
of the amount set forth below for such year), in the respective amounts
hereinafter set forth in the event Employer's pre-tax consolidated earnings for
such year determined in accordance with Section 4( d) meet or exceed the
respective amounts hereinafter set forth, not to exceed $150,000 for any year
($37,500 for January 1-March 31, 2010).

Amount of Annual Pre-Tax   Bonus Percent  Highest Amount
  Consolidated Earnings      On Amount      Pre Level
  ---------------------      ---------      ---------
$ 0         - $ 1,000,000       2 1/2%      $ 25,000
$ 1,000,000 -   2,000,000       3 1/4%        32,500
$ 2,000,000 -   4,312,500         4%          92,500
                                            --------
                                            $150,000 (highest aggregate bonus)

No Bonus shall be payable for annual pre-tax consolidated earnings less than
$500,000 or in excess of $4,312,500.  There shall be excluded from the
calculation of pre-tax consolidated earnings during the Term of this Agreement
the amount by which (x) any item or items of unusual or extraordinary gain in
the aggregate exceeds 20% of the Employer's net book value as at the end of the
immediate preceding fiscal year, (y) any item of unusual or extraordinary loss
in the aggregate exceeds 20% of' the Employer's net book value as at the end of
the immediate preceding fiscal year, in each case in (x) and (y) above as
determined in accordance with generally accepted accounting principles and items
of gain and loss shall not be netted against each other for purpose of the above
20% calculation, or (z) any contractual Bonuses and or contractual profit
participations accrued or paid to Employee and other employees.

     Provided Employee is not in default of the Agreement, the Board may, in any
event, even if any of the aforesaid pre-tax consolidated earnings levels are not
exceeded, grant the Employee the aforesaid Bonus or any portion thereof for such
year based on his performance.

     Notwithstanding anything to the contrary contained herein, if Employee is
not in the employ of Employer at the end of any aforesaid 2005, 2006, 2007, 2008
and 2009 fiscal years, or on March 31, 2010 no Bonus shall be paid for such
fiscal year or part thereof as to 2009.  In the event of Employee's death on or
after January 1 of 2006, 2007, 2008, 2009 or 2010, or April 1, 2010 as to 2010,
any Bonus to which he is otherwise entitled for the prior fiscal year or 2010,
as the case may be, shall be paid to his widow if she shall survive him or if
she shall predecease him to his surviving issue per stirpes and not per capita.

     Such pre-tax consolidated earnings shall be fixed and determined by the
independent certified public accountants regularly employed by Employer.  Such
independent certified public accountants, in ascertaining such pre-tax
consolidated earnings, shall apply all accounting practices and procedures
heretofore applied by Employer's independent certified public accountants in
arriving at such annual pre-tax consolidated earnings as disclosed in Employer's
annual statement for that year of profit and loss released to its stockholders.
The determination by such independent certified public accountants shall be
final, absolute and controlling upon the parties.  Notwithstanding the
foregoing, any interest expense savings resulting from conversion of the
Employer's 7 1/2 % Convertible Subordinated Notes due 2006 and 8 1/4% Limited
Convertible Senior Subordinated Notes due 2012 may be included or excluded in
such calculation by the Board in its sole discretion.  Employer undertakes to
use reasonable efforts to cause said accountants to prepare and furnish such
statements promptly following the close of each such fiscal year and to cause
said independent certified public accountants, concomitantly with delivery of
such statement by accountants to it, to deliver a copy of such statement to
Employee.  The Employer shall not have any liability to Employee arising out of
any delays with respect to the foregoing.

         (e) In the event Employee dies during the Term of this Agreement while
the Employee is still in the Employ of Employer, Employer shall pay to
Employee's widow or his surviving issue, as the case may be, for twenty-four
(24) months, annual death benefits payable weekly or in accordance with
Employer's payroll practices in an amount equal to 50% of Employee's then annual
base salary rate.

         (f) Employer agrees to continue to provide Employee with split dollar
life insurance in the initial face amount of $500,000 with paid-up additions
from dividends for up to the first 20 years of the policy in accordance with
Male Smoker Age 50 Presentation annexed hereto as Exhibit B.  In the event and
at such time as Employee stops smoking in accordance with the insurance
company's regulations, any premium reductions resulting there from shall be
utilized to purchase additional life insurance for Employee under separate
policies in accordance with the available offerings.  Employee hereby waives all
cash surrender rights under such policy and other benefits, if any, except for
the death benefit payable to beneficiaries.

         (g) In addition, Employer agrees to provide to Employee and his
beneficiaries (''Beneficiaries'') as additional supplemental retirement benefits
("ASRB"), an amount so that the aggregate retirement benefits payable to
Employee and Beneficiaries under the Retirement Pension Plan for Employees of
Trans-Lux Corporation and Certain of its Subsidiaries and/or Affiliates
(''Plan'') plus such ASRB will equal the amount which would have been payable to
Employee and Beneficiaries under the Plan but for (i) the limitations on the
maximum annual benefits imposed by Section 415 of the Internal Revenue Code of
1986 (''IRC''), (ii) the limitations on the amount of annual compensation which
may be taken into account under Section 401(a)(17) of the IRC, and (iii) any
further limitations in benefits under the Plan resulting from statutory changes
or from modifications in the Plan required by statutory changes after December
31, 2001.  It is understood that the purpose of this paragraph is that (a)
Employee and Beneficiaries shall receive as a result of the ASRB payment, the
full benefit which would otherwise have been payable from the Plan had no Plan
or statutory restrictions been imposed by law, and (b) that any additional taxes
payable by Employee on any ASRB payment as a result of such Plan or statutory
restrictions shall be paid to Employee by Employer grossed up in such manner as
to offset the effect of Employee's state and federal income taxes on such
payments.  The obligations of Employer payable pursuant to this subparagraph (g)
are intended to be unfunded for income tax purposes and shall not constitute a
trust fund, escrow amount, amount set apart, or other account credited with
funds for the benefit of Employee or his Beneficiaries.

     5.  During the Term of this Agreement, Employer will reimburse Employee for
traveling or other out-of-pocket expenses and disbursements incurred by Employee
with Employer's approval in furtherance of the businesses of Employer, its
affiliates, divisions or subsidiaries, upon presentation of such supporting
information as Employer may from time to time request.

     6.  During the Term of this Agreement, Employee shall be entitled to a
vacation during the usual vacation period of Employer in accordance with such
vacation schedules as Employer may prescribe.

     7.  Both parties recognize that the services to be rendered by Employee
pursuant to this Agreement are extraordinary and unique.  During the Term of
this Agreement, and during any subsequent employment of Employee by Employer,
Employee shall not, directly or indirectly, enter into the employ of or render
any services to any person, partnership, association or corporation engaged in a
business or businesses in any way, directly or indirectly, competitive to those
now or hereafter engaged in by Employer or by any of its subsidiaries during the
Term of this Agreement and during any subsequent employment of Employee by
Employer and Employee shall not engage in any such business, directly or
indirectly on his own account and, except as permitted by Section 3 of this
Agreement, Employee shall not become interested in any such business, directly
or indirectly, as an individual, partner, shareholder, director, officer,
principal, agent, employee, trustee, consultant, or in any other relationship or
capacity.  For a period of two (2) years following termination of employment,
Employee shall not directly or indirectly (i) engage or otherwise he involved in
the recruitment or employment of the Employer's employees or any individual who
was such an employee within one (1) year of any such termination of employment,
(ii) solicit or assist in obtaining business from a customer of the Employer who
was a customer during the two (2) year period prior to termination of
employment, with respect to comments regarding Employer, or (iii) communicate,
publish, or otherwise transmit, in any manner whatsoever, untrue or negative
information or comments regarding Employer.

     Employer shall be entitled, if it so elects, to institute and prosecute
proceedings in any court of competent jurisdiction, either in law or in equity,
to obtain damages for any breach of this Agreement, or to enjoin Employee from
any breach of this Agreement, but nothing herein contained shall be construed to
prevent Employer from pursuing such other remedies as Employer may elect to
invoke.

     In the event Employee separates from the service of the Employer (or
successor to Employer which assumes this Agreement) and all members of the
Corporate Group at the end of the Term or the end of the term of any "proposed
renewal contract" as hereinafter set forth in this Section, then, except as
hereinafter provided, Employer shall pay to Employee weekly or bi-weekly in
accordance with Employer's payroll practices as severance pay, an amount equal
to one hundred percent (100%) of Employee's base salary under Section 4(a) in
effect at time of termination of employment (e.g., at rate of $280,000 plus CPI
Adjustment per annum if termination is April 1, 2010) for a period of three (3)
years, or until Employee reaches age 65 or until Employee's death, whichever
first occurs.  The foregoing severance payments shall not apply if (i) Employee
is discharged for cause or (ii) Employee rejects a "proposed renewal contract"
having a term of at least three (3) years and otherwise having at least the same
terms and conditions as in effect on March 31, 2010, or at the end of the term
of any subsequent renewal contract, provided no such renewal contract will
continue past Employee's 65th birthday and will automatically terminate on such
date unless the parties otherwise mutually agree in writing.  Furthermore, if
Employee violates the confidentiality clause in Section 3 or violates or
challenges the enforceability of any of the clauses of this Section 7, Employer
may, in addition to all other remedies to which it is entitled, cease the
payments under this Section 7.  The severance pay hereunder is not payable in
the event Employee dies during the Term or for any time period following his
death during the above severance pay period.  In the event Employee is disabled
at the end of the Term and receiving payments under Section 4(c), then the
payment under this Section 7 shall be at the rate of fifty percent (50%), and
not one hundred percent (100%), of Employee's base salary under Section 4(a) in
effect at time of termination of employment and shall be in lieu of any payments
under Section 4(c) which payments shall terminate so that there is no
duplication of payment; provided, however, if such disability ceases prior to
the end of the two (2) year time period, the payment rate shall be one hundred
percent (100%) so long as any disability does not recur.  During the period in
which Employer makes payment to Employee under this Section 7, Employee agrees
to be available for reasonable telephonic consultation as to matters Employee
worked on during the Term.

     Notwithstanding the foregoing, no payment shall be made to the Employee on
account of severance prior to the first day of the seventh month following
separation from service.  Payments delayed as a result of this provision shall
be made in a lump sum in the first payment of severance that coincides with or
next follows the first day of the seventh month following the Employee's
separation from service.

     8.  In the event any provision of Section 7 of this Agreement shall be held
invalid or unenforceable by reason of the geographic or business scope or the
duration thereof, such invalidity or unenforceability shall attach only to such
provision and shall not affect or render invalid or unenforceable any other
provision of this Agreement, and this Agreement shall be construed as if the
geographic or business scope or the duration of such provision had been more
narrowly drawn so as not to be invalid or unenforceable.

     9.  (a) Employee shall have the right to cancel and terminate this
Agreement effective within 75 days following a "Change in Control" as
hereinafter defined provided that Employee give 75 days' prior written notice to
the Employer.  Upon such termination becoming effective pursuant to such notice
by Employee, (a) Employer and Employee shall be released from all further
liability and obligations provided for in the Agreement, except that Employee
shall still be subject to and bound by his obligations under Section 7 as
modified herein; (b) Employer shall pay to Employee his Bonus for the prior
calendar year (if not previously paid) as and to the extent provided for in
Section 4 (d); and (c) Employee shall be paid in a lump sum on the effective
date of termination the amount of $1,200,000.  If Employee is disabled at the
time of this notice under this Section 9(a), the above payments shall be in lieu
of the payments provided under Section 4(c) which payments shall cease and
terminate at the end of the 75 day notice period.  In the event of Employee's
death during the 75 day notice period, any amounts still payable to Employee by
reason of such termination shall be paid to his widow if she shall survive him,
or if she shall predecease him, to his surviving issue, per stirpes and not per
capita.  The notice under this Section 9 must be given within 60 days of the
occurrence of the applicable event or be deemed waived.  To the extent any such
payments made pursuant to this Section 9(a) above are deemed to be an "excess
parachute payment" under Section 2800 of the Internal Revenue Code of 1986, as
amended (the "Code") and are subject to tax pursuant to Section 4999 of the
Code, such payments shall be grossed up in such a manner as to offset the effect
of such excise tax on such payments.  For purpose of this Section 9, the phrase
"Change in Control" shall have the meaning set forth in Section 9(d).  For
further purposes of this Section 9(a) or in the event Employer rejects this
Agreement in a proceeding for relief under Chapter 11 of the Bankruptcy Code,
then, in either such case, the restriction in Section 7(ii) shall only apply to
a customer of Employer who was a customer during the six (6) month period prior
to termination of employment with respect to replacing Employer's leased
products with competitor's purchased or leased products or Employer's service
contracts with replacement service contracts for Employer's equipment, as long
as such service or lease agreement is in effect (including continuation of use
or other extension beyond the termination date thereof).  The restrictions in
Section 7(i) and (iii) shall continue without modification, but the obligation
to provide telephonic consulting shall terminate.

         (b) In the event there is a Change in Control when a change in the
majority of the Board of Directors is approved by Richard Brandt (or, in the
event of his death, a majority of David Brandt, Matthew Brandt and Thomas
Brandt) then, notwithstanding such approval, (i) the Term of this Agreement
shall be extended for an additional three (3) years (each an "extended year")
through March 31, 2013, (ii) the salary during each such extended year shall be
at the higher of the annual rate of Two Hundred Ninety Five Thousand Dollars
($295,000) or the salary rate in effect on March 31,2010 based on the CPI
Adjustment, (iii) the salary shall continue to be adjusted by the CPI Adjustment
for the last two years of the extended Term based on the increase from April 1,
2010, and (iv) Employee shall be entitled to a Bonus for each such extended year
equal to the greater of the Bonus rate in effect for 2009 or the highest annual
Bonus paid Employee during the five (5) calendar year period preceding such
approved Change in Control.  In the event of a Change in Control, services
rendered by Employee for the balance of the Term will be of a type, dignity and
nature appropriate to the President and Chief Executive Officer of the Employer
and of similar responsibility and authority as then being rendered.

         (c) In the event of a Change in Control under either (x) Section 9(a),
whether or not Employee terminates this Agreement, or (y) Section 9(b) above,
then Employer shall give Employee, (i) to the extent Employee did not receive
credit for service because a freeze was in effect, additional ASRB under Section
4(g) under the present Plan for the amount of such credit not realized because
of the freeze; and (ii) if the Employer discontinues such Plan, (x) additional
ASRB for the amount of credit for service not realized because of
discontinuance, and (y) ASRB as provided in Section 4(g) as if such Plan had not
been discontinued.

         (d) For purpose of this Section 9, the phrase "Change in Control" shall
be deemed to have occurred if both the conditions in (i) and (ii) are satisfied,
such that both the Change in Control requirement in the Agreement prior to its
amendment and restatement and the Change in Control definition specified in the
final 409A regulations must be satisfied for the foregoing rights to be
exercised.

         (i) A "Change in Control" shall occur if (x) any person (as such term
is used in Sections l3(d) and 14(d)(2) of the Securities Exchange Act of 1934)
hereafter becomes the beneficial owner, directly or indirectly, of securities of
Employer, representing 25% or more of the combined voting power of the
Employer's then outstanding securities (other than Richard Brandt and/or members
of his family, directly or indirectly through trusts or otherwise), and (y)
during any period of two (2) consecutive years, individuals who at the beginning
of such period constitute the Board of Directors of Employer cease by reason of
a contested election to constitute at least a majority thereof; unless Richard
Brandt (or, in the event of his death, a majority of David Brandt, Matthew
Brandt and Thomas Brandt) shall have approved such change in the majority.  For
further purposes of this Section 9(a) or in the event Employer rejects this
Agreement in a proceeding for relief under Chapter 11 of the Bankruptcy Code,
then, in either such case, the restriction in Section 7(ii) shall only apply to
a customer of Employer who was a customer during the six (6) month period prior
to termination of employment with respect to replacing Employer's leased
products with competitor's purchased or leased products or Employer's service
contracts with replacement service contracts for Employer's equipment, as long
as such service or lease agreement is in effect (including continuation of use
or other extension beyond the termination date thereof).  The restrictions in
Section 7(i) and (iii) shall continue without modification, but the obligation
to provide telephonic consulting shall terminate.

         (ii) Change in Control means a change in ownership as described in
paragraph (A), a change in effective control as described in paragraph (B), or a
change in ownership of a substantial portion of the assets of (1) the Company or
the member of the Corporate Group for whom the Employee is performing services
at the time of the Change in Control, (2) the corporation that is liable for the
payment of the deferred compensation under the Plan (or all corporations liable
for the payment if more than one corporation is liable) or (3) a corporation
that is a majority shareholder of the corporation identified in (1) or (2), or
any corporation in a chain of corporations in which each corporation is a
majority shareholder of another corporation in the chain, ending in a
corporation identified in (1) or (2) (individually and collectively, the
"Corporation").

             (A) Change in Ownership.  A change in the ownership occurs on the
                 date that any one person, or more than one person acting as a
                 group (as defined in paragraph (D)), acquires ownership of
                 stock of the Corporation that, together with stock held by such
                 person or group, constitutes more than 50 percent of the total
                 fair market value or total voting power of the stock of such
                 Corporation.  However, if any one person or more than one
                 person acting as a group, is considered to own more than 50
                 percent of the total fair market value or total voting power of
                 the stock of the Corporation, the acquisition of additional
                 stock by the same person or persons is not considered to cause
                 a change in the ownership of the corporation (or to cause a
                 change in the effective control of the corporation (as
                 described in paragraph (B)).  An increase in the percentage of
                 stock owned by any one person, or persons acting as a group, as
                 a result of a transaction in which the Corporation acquires its
                 stock in exchange for property will be treated as an
                 acquisition of stock for purposes of this section.  This
                 paragraph (A) applies only when there is a transfer of stock of
                 the Corporation (or issuance of stock of the Corporation) and
                 stock in such Corporation remains outstanding after the
                 transaction.

             (B) Change in the effective control of the Corporation.
                 Notwithstanding that the Corporation has not undergone a change
                 in ownership under paragraph (A), a change in the effective
                 control of a corporation occurs on the date that either -

                 (1) Any one person, or more than one person acting as a group
                     (as determined under paragraph (E)), acquires (or has
                     acquired during the 12-month period ending on the date of
                     the most recent acquisition by such person or persons)
                     ownership of stock of the Corporation possessing 30 percent
                     or more of the total voting power of the stock of such
                     corporation; or

                 (2) a majority of members of the Corporation's board of
                     directors is replaced during any 12-month period by
                     directors whose appointment or election is not endorsed by
                     a majority of the members of the Corporation's board of
                     directors prior to the date of the appointment or election,
                     provided that for purposes of this paragraph (2) the term
                     Corporation refers solely to the relevant corporation
                     identified in paragraph (i) for which no other corporation
                     is a majority shareholder for purposes of that paragraph.

                 (3) Multiple Change in Control Events.  A change in effective
                     control also may occur in any transaction in which either
                     of the two corporations involved in the transaction has a
                     Change in Control under paragraph (A) or (C).

In the absence of an event described in paragraph (1), (2), or (3) a change in
the effective control of a Corporation will not have occurred.  Further, if any
one person, or more than one person acting as a group, is considered to
effectively control a Corporation, the acquisition of additional control of the
Corporation by the same person or persons is not considered to cause a change in
the effective control of the Corporation (or to cause a change in the ownership
of the corporation within the meaning of paragraph (b).

             (C) Change in the ownership of a substantial portion of a
                 Corporation's assets.  A change in the ownership of a
                 substantial portion of a Corporation's assets occurs on the
                 date that any one person, or more than one person acting as a
                 group (as determined in paragraph (E)), acquires (or has
                 acquired during the 12-month period ending on the date of the
                 most recent acquisition by such person or persons) assets from
                 the Corporation that have a total gross fair market value equal
                 to or more than 40 percent of the total gross fair market value
                 of all of the assets of the Corporation immediately prior to
                 such acquisition or acquisitions.  For this purpose, gross fair
                 market value means the value of the assets of the Corporation,
                 or the value of the assets being disposed of, determined
                 without regard to any liabilities associated with such assets.

             (D) Transfers to a related person.  Notwithstanding the foregoing,
                 there is no Change in Control under paragraph (C) when there is
                 a transfer to an entity that is controlled by the shareholders
                 of the transferring corporation immediately after the transfer,
                 as provided in this paragraph (D).  A transfer of assets by a
                 corporation is not treated as a change in the ownership of such
                 assets if the assets are transferred to -

                 (1) A shareholder of the Corporation (immediately before the
                     asset transfer) in exchange for or with respect to its
                     stock;

                 (2) An entity, 50 percent or more of the total value or voting
                     power of which is owned, directly or indirectly, by the
                     Corporation;

                 (3) A person, or more than one person acting as a group, that
                     owns, directly or indirectly, 50 percent or more of the
                     total value or voting power of all the outstanding stock of
                     the Corporation; or

(4) An entity, at least 50 percent of the total value or voting power of which
is owned, directly or indirectly, by a person described in paragraph (3).

For purposes of this paragraph (D) and except as otherwise provided, a person's
status is determined immediately after the transfer of the assets.  For example,
a transfer to a corporation in which the transferor corporation has no ownership
interest before the transaction, but which is a majority-owned subsidiary of the
transferor corporation after the transaction is not treated as a change in the
ownership of the assets of the transferor corporation.

         (e) Persons acting as a group.  For purposes of paragraphs (A), (B) and
(C), persons will not be considered to be acting as a group solely because they
purchase or own stock or purchase assets of the same corporation at the same
time, or as a result of the same public offering.  However, persons will be
considered to be acting as a group if they are owners of a corporation that
enters into a merger, consolidation, purchase or acquisition of stock, or
similar business transaction with the corporation.  If a person, including an
entity, owns stock in both corporations that enter into a merger, consolidation,
purchase or acquisition of stock, or similar transaction, such shareholder is
considered to be acting as a group with other shareholders in a corporation only
with respect to and to the extent of the ownership in that corporation prior to
the transaction giving rise to the change and not with respect to the ownership
interest in the other corporation.

         (f) Stock ownership.  Code Section 318(a) shall apply for purposes of
determining stock ownership under this Section.

     9.  The waiver by Employer of a breach of any provision of this Agreement
by Employee shall not operate or be construed as a waiver of any subsequent
breach by Employee.

     10.  Any notice required or permitted to be given under this Agreement
shall be sufficient if in writing and served personally or sent by United States
certified or registered mail, return receipt requested, or overnight courier
such as Federal Express or Airborne to his address as stated on Employer's
records, in the case of Employee, or to the office of Trans-Lux Corporation,
attention of the Chairman or Chief Financial Officer, 26 Pearl Street, Norwalk
06850, in the case of Employer, or such other address as designated in writing
by the parties.

     11.  This Agreement shall be construed in accordance with the laws of the
State of New York.

     12.  This instrument contains the entire agreement between the parties and
supersedes as of January 1, 2009 the Agreement between Employer and Employee
dated as of April l, 2005 as amended.  It may not be changed, modified, extended
or renewed orally except by an agreement in writing signed by the party against
whom enforcement of any waiver, change, modification, discharge or extension is
sought.

     IN WITNESS WHEREOF, this Agreement has been duly executed on this 31st day
                                                                       ----
of December, 2008.

                                        TRANS-LUX CORPORATION

                                        By: /s/ Angela D. Toppi
                                           -------------------------------------
                                           Executive Vice President

                                            /s/ Michael R. Mulcahy
                                           -------------------------------------
                                           Michael R. Mulcahy (as "Employee")
                                           President and Chief Executive Officer

                                       13This is an amendment and restatement of the AGREEMENT made as of the 1st
day of April, 2008 by and between TRANS-LUX CORPORATION, a Delaware corporation
having an office at 26 Pearl Street, Norwalk, Connecticut 06850 (hereinafter
called "Employer"), and AL MILLER residing at 22 Deer Run Lane, Shelton,
Connecticut 06484 (hereinafter called, "Employee").  This amendment and
restatement is effective as of April 1, 2008.

                              W I T N E S S E T H:
                              - - - - - - - - - -

WHEREAS, Employer and Employee have entered into the Agreement; and

WHEREAS, Section 409A of the Internal Revenue Code, and regulations and guidance
issued thereunder, including IRS Notice 2007-34 (the "409A Requirements")
require deferred compensation arrangements as defined therein to be in
compliance by December 31, 2008 and Employer and Employee desire to enter into
this Amendment to satisfy such 409A Requirements, it being understood nothing
contained in this Amendment is intended to increase any compensation or other
benefits to Employee in order to comply with the 409A Requirements;

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

         1.  Employer hereby employs Employee, and Employee hereby accepts
employment, upon the terms and conditions hereinafter set forth.

         2.  (a) The term ("Term") of the Agreement shall be the period
     commencing on April l, 2008 and terminating March 3l, 2009.

             (b) In the event that Employee remains or continues in the employ
     of Employer after the Term, such employment, in the absence of a further
     written agreement, shall be on an at-will basis, terminable by either party
     hereto on thirty (30) days' notice to the other and, upon the 30th day
     following such notice the employment of Employee shall terminate.

             (c) Upon expiration of the Term of this Agreement, neither party
     shall have any further obligations or liabilities to the other except as
     otherwise specifically provided in this Agreement.

         3.  Employee shall be employed in an executive capacity of Employer
(and such of its affiliates, divisions and subsidiaries as Employer shall
designate).  Employer shall use its reasonable efforts to cause Employee to be
elected and continue to be elected an Executive Vice President of Employer
during the Term of this Agreement.  The precise services of Employee may be
designated or assigned from time to time at the direction of the Board of
Directors, the Chairman of the Board, the Vice-Chairman of the Board or
President and Chief Executive Officer, and all of the services to be rendered
hereunder by Employee shall at all times be subject to the control, direction
and supervision of the President and Chief Executive Officer and the Board of
Directors of Employer, to which Employee does hereby agree to be bound.
Employee shall devote his entire time, attention and energies during usual
business hours (subject to Employer's policy with respect to holidays and
illnesses for comparable executives of Employer) to the business and affairs of
Employer, its affiliates, divisions and subsidiaries as Employer shall from time
to time direct.  Employee further agrees during the Term of this Agreement to
serve as an officer or director of Employer or of any affiliate or subsidiary of
Employer as Employer may request, and if Employee serves as such officer or a
director he will do so without additional compensation, other than director's
fees or honoraria, if any.

             During the Term of this Agreement and during any subsequent
     employment of Employee by Employer, Employee shall use his best efforts,
     skills and abilities in the performance of his services hereunder and to
     promote the interests of Employer, its affiliates, divisions and
     subsidiaries.  Employee shall not, during the Term and during any
     subsequent employment of Employee by Employer, be engaged in any other
     business activity, whether or not such business activity is pursued for
     gain, profit or other pecuniary advantage, except for current real estate
     ventures disclosed to Employer concurrently with the signing of this
     Agreement.  The foregoing shall not be construed as preventing Employee
     from investing his assets in such form or manner as will not require any
     services on the part of Employee in the operation of the affairs of the
     companies in which such investments are made, provided, however, that
     Employee shall not, either directly or indirectly, be a director of or make
     any investments in any company or companies which are engaged in businesses
     competitive with those conducted by Employer or by any of its subsidiaries
     or affiliates except which such investments are in stock of a company
     listed on a national securities exchange, and such stock of Employee does
     not exceed one percent (1%) of the outstanding shares of stock of such
     listed company.

             Employee shall not at any time during or after the Term of this
     Agreement use (except on behalf of Employer), divulge, furnish or make
     accessible to any third person or organization any confidential information
     concerning Employer or any of its subsidiaries or affiliates or the
     businesses of any of the foregoing including, without limitation,
     confidential methods of operations and organization, confidential sources
     of supply, identity of employees, customer lists and confidential financial
     information.

         4.  (a) For all services rendered by Employee during the Term of this
     Agreement, Employer shall pay Employee a salary at the rate of ONE HUNDRED
     FIFTY SEVEN THOUSAND DOLLARS ($157,000) per annum during the period April
     l, 2008 to September 30, 2008; and at the rate of ONE HUNDRED SIXTY-ONE
     THOUSAND FIVE HUNDRED DOLLARS ($161,500) per annum during the period
     October 1, 2008 to March 31, 2009.  Such salary shall be payable weekly, or
     monthly, or in accordance with the payroll practices of Employer for its
     executives.  The Employee shall also be entitled to all rights and benefits
     for which he shall be eligible under any stock option plan, bonus,
     participation or extra compensation plans, pensions, group insurance or
     other benefits which Employer presently provides, or may provide for his
     and for its employees generally.  Such rights and benefits currently
     include a performance bonus and sales override plan, the terms of which are
     subject to revision by the Employer each year during the Term of this
     Agreement.  The performance bonus and sales override target amount of
     earnings shall be $45,000 for 2008 and $11,250 for the period January
     1-March 31, 2009.  The maximum earnings under this plan shall not exceed
     two times the target amount for any of the full calendar year 2008 and
     $11,250 for January 1-March 31, 2009.  This Agreement shall not be deemed
     abrogated or terminated if Employer, in its discretion, shall determine to
     increase the compensation of Employee for any period of time, or if the
     Employee shall accept such increase.

             All payments under this Agreement are in United States dollars
     unless otherwise specified.

             (b) Employer may make appropriate deductions from the said payments
     required to be made in this Section 4 to Employee to comply with all
     governmental withholding requirements.

             (c) If, during the Term of this Agreement and if the Employee is
     still in the employ of Employer, Employee shall be prevented from
     performing or be unable to perform, or fail to perform, his duties by
     reason of disability for four (4) consecutive months (excluding normal
     vacation time) during the Term hereof, Employer agrees to pay Employee
     thereafter during the Term for the duration of such incapacity, but in no
     event less than ninety (90) days, 40% of the base salary which Employee
     would otherwise have been entitled to receive if not for the illness or
     other incapacity.  For purposes of this Agreement, an Employee shall be
     considered to be "disabled" or have "disability" if the Employee meets one
     of the following requirements:

                 (A) The Employee is unable to engage in any substantial gainful
     activity by reason of any medically determinable physical or mental
     impairment that can be expected to result in death or can be expected to
     last for a continuous period of not less than 12 months.

                 (B) The Employee is, by reason of any medically determinable
     physical or mental impairment expected to last for a continuous period of
     not less than 12 months, receiving income replacement benefits for a period
     of not less than three months under an accident and health plan covering
     employees of the Company.

     An Employee will be deemed to be disabled if determined to be totally
     disabled by the Social Security Administration or in accordance with a
     disability insurance program that applies a definition of disability that
     is at least as restrictive as the foregoing description in this Section
     4(c).

             (d) The Board upon the recommendation of the Compensation Committee
     of the Board shall consider the grant of a bonus ("Bonus") to Employee
     based on Employer's performance for the immediately preceding fiscal years
     2008 and 2009, respectively.  Notwithstanding the foregoing, based on
     Employer's annual pre-tax consolidated earnings for the applicable fiscal
     year, Employer shall pay Employee a Bonus at the rate of one-half of one
     percent (1/2 of 1%) of the annual pre-tax consolidated earnings for the
     fiscal years ending December 31, 2008 and 2009 (including the period
     January 1-March 31, 2009 as herewith provided in Section 12) only, in the
     event Employer's pre-tax consolidated earnings for such year determined in
     accordance with Section 4(d) exceeds $500,000, provided that this Bonus
     shall not exceed $40,000 for 2008, and the Bonus, if any, for January
     1-March 31, 2009 shall be 25% of the amount for the year 2009, not to
     exceed $10,000).

                 There shall be excluded from the calculation of pre-tax
     consolidated earnings during the Term of this Agreement the amount by which
     (x) any item or items of unusual or extraordinary gain in the aggregate
     exceeds 20% of the Employer's net book value as at the end of the immediate
     preceding fiscal year or (y) any item of unusual or extraordinary loss in
     the aggregate exceeds 20% of the Employer's net book value as at the end of
     the immediate preceding fiscal year, in each case in (x) and (y) above as
     determined in accordance with generally accepted accounting principles and
     items of gain and loss shall not be netted against each other for purpose
     of the above 20% calculation.

                 Provided Employee is not in default of the Agreement, the Board
     may, in any event, even if any of the aforesaid pre-tax consolidated
     earnings levels are not exceeded, grant the Employee the aforesaid Bonus or
     any portion thereof for such year based on his performance.

                 Employee hereby agrees to defer payment of any Bonus based on
     the attainment of annual objectives (including those set forth in separate
     bonus plans) for any fiscal year commencing with the 2009 fiscal year until
     June 1 following the end of the applicable fiscal year.  Employee hereby
     acknowledges the restrictions on changing the deferral to another date.

                 Notwithstanding anything to the contrary contained herein, if
     Employee is not in the employ of Employer at the end of the aforesaid 2008
     fiscal year or March 31, 2009, no Bonus shall be paid for such fiscal year
     or part thereof as to 2009.  In the event of Employee's death on or after
     January 1 of 2009 or March 31, 2009 as to 2009, any Bonus to which he is
     otherwise entitled for the prior fiscal year shall be paid to his surviving
     spouse widow if she shall survive him or if she shall predecease him to his
     surviving issue per stirpes and not per capita.

                 Such pre-tax consolidated earnings shall be fixed and
     determined by the independent certified public accountants regularly
     employed by Employer.  Such independent certified public accountants, in
     ascertaining such pre-tax consolidated earnings, shall apply all accounting
     practices and procedures heretofore applied by Employer's independent
     certified public accountants in arriving at such annual pre-tax
     consolidated earnings as disclosed in Employer's annual statement for that
     year of profit and loss released to its stockholders.  The determination by
     such independent certified public accountants shall be final, absolute and
     controlling upon the parties.  Employer undertakes to use reasonable
     efforts to cause said accountants to prepare and furnish such statements
     promptly following the close of each such fiscal year and to cause said
     independent certified public accountants, concomitantly with delivery of
     such statement by accountants to it, to deliver a copy of such statement to
     Employee.  The Employer shall not have any liability to Employee arising
     out of any delays with respect to the foregoing.

             (e) In the event Employee dies during the Term of this Agreement
     while the Employee is still in the Employ of Employer, Employer shall pay
     to Employee's surviving spouse or his surviving issue, as the case may be,
     for the balance of the Term of the Agreement, annual death benefits payable
     weekly or in accordance with Employer's payroll practices in an amount
     equal to 40% of Employee's then annual base salary rate.

         5.  During the Term of this Agreement, Employer will reimburse Employee
for traveling or other out-of-pocket expenses and disbursements incurred by
Employee with Employer's approval in furtherance of the businesses of Employer,
its affiliates, divisions or subsidiaries, upon presentation of such supporting
information as Employer may from time to time request.

         6.  During the Term of this Agreement, Employee shall be entitled to a
vacation during the usual vacation period of Employer in accordance with such
vacation schedules as Employer may prescribe.

         7.  Both parties recognize that the services to be rendered by Employee
pursuant to this Agreement are extraordinary and unique.  During the Term of
this Agreement, and during any subsequent employment of Employee by Employer,
Employee shall not, directly or indirectly, enter into the employ of or render
any services to any person, partnership, association or corporation engaged in a
business or businesses in any way, directly or indirectly, competitive to those
now or hereafter engaged in by Employer or by any of its subsidiaries during the
Term of this Agreement and during any subsequent employment of Employee by
Employer and Employee shall not engage in any such business, directly or
indirectly on his own account and, except as permitted by paragraph 3 of this
Agreement, Employee shall not become interested in any such business, directly
or indirectly, as an individual, partner, shareholder, director, officer,
principal, agent, employee, trustee, consultant, or in any other relationship or
capacity.  For a period of two (2) years following termination of employment for
any reason, Employee shall not directly or indirectly (i) engage or otherwise be
involved in the recruitment or employment of any Employer employee or, (ii)
solicit or render any service directly or indirectly to any other person or
entity with regard to soliciting any customer of the Employer during the two (2)
year period prior to termination of employment with respect to products or
services competitive with products or services of Employer.  Employee shall at
no time during or after employment disclose to any person, other than Employer,
or otherwise use any information of or regarding Employer except on behalf of
Employer, nor communicate, publish, or otherwise transmit, in any manner
whatsoever, untrue information or negative, competitive, personal or other
information or comments regarding Employer.  In addition, Employee agrees that
all lists, materials, books, files, reports, correspondence, records and other
documents and information ("Employer Materials") used, prepared or made
available to Employee, shall be and shall remain the property of Employer.  Upon
the termination of employment of Employee or the expiration of this Agreement,
whichever is earlier, all Employer Materials shall be immediately returned to
Trans-Lux Corporation, and Employee shall not make or retain any copies thereof,
nor disclose or otherwise use any information relating to said Employer
Materials to any other party.  As used herein the term Employer shall include
Employer, Employer's subsidiaries and affiliates, and any individuals employed
or formerly employed by any of them.  Employer shall be entitled, if it so
elects, to institute and prosecute proceedings in any court of competent
jurisdiction, either in law or in equity, to obtain damages for any breach of
this Agreement, or to enjoin Employee from any breach of this Agreement, but
nothing herein contained shall be construed to prevent Employer from pursuing
such other remedies as Employer may elect to invoke.  In addition to the
obligations of the Employee contained in this Agreement, Employee agrees to be
bound by the provisions contained in Exhibit A to this Agreement.

         8.  In the event any provision of paragraph 7 of this Agreement shall
be held invalid or unenforceable by reason of the geographic or business scope
or the duration thereof, such invalidity or unenforceability shall attach only
to such provision and shall not affect or render invalid or unenforceable any
other provision of this Agreement, and this Agreement shall be construed as if
the geographic or business scope or the duration of such provision had been more
narrowly drawn so as not to be invalid or unenforceable.

         9.  The waiver by Employer of a breach of any provision of this
Agreement by Employee shall not operate or be construed as a waiver of any
subsequent breach by Employee.

         10.  Any notice required or permitted to be given under this Agreement
shall be sufficient if in writing and served personally or sent by United States
certified or registered mail, return receipt requested, or overnight courier
such as Federal Express or Airborne to his address as stated on Employer's
records, in the case of Employee, or to the office of Trans-Lux Corporation,
attention of the President and Chief Executive Officer, at the address set forth
above, in the case of Employer, or such other address as designated in writing
by the parties.

         11.  This Agreement shall be construed in accordance with the laws of
the State of New York.

         12.  This instrument contains the entire agreement between the parties
and supersedes as of April 1, 2008 the Agreement between Employer and Employee
dated as of April 1, 2005, as amended except any amounts which accrued as of
such date and are unpaid, but excluding the Bonus for the period January 1-March
31, 2008 which is covered by Section 4(d) hereof.  It may not be changed,
modified, extended or renewed orally except by an agreement in writing signed by
the party against whom enforcement of any waiver, change, modification,
discharge or extension is sought.

     IN WITNESS WHEREOF, this Agreement has been duly executed on this 31st
                                                                       ----
day of December, 2008.

                                        TRANS-LUX CORPORATION

                                        By: /s/ Michael R. Mulcahy
                                            ----------------------
                                            President

                                            /s/ Al Miller
                                            ----------------------
                                            Al Miller

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