EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT made as of the 1 st day of June, 2003, by and between BALLANTYNE OF
OMAHA, INC. (“Ballantyne”), a Delaware corporation, with its principal offices at 4350 McKinley Street,
Omaha, Nebraska 68112 (the “Company”), and DAN FALTIN, an individual residing at 2415 Riverview Drive,
Grand Island, Nebraska 68801 (the “Executive”).
THIS AGREEMENT IS MADE WITH REFERENCE TO THE FOLLOWING FACTS AND OBJECTIVES:
A. The Company has offered to appoint Executive as Vice-President and Chief Operating Officer
of Ballantyne of Omaha, Inc. in accordance with the terms and conditions set forth in this Agreement for the term
provided in this Agreement; and
B. Executive has expressed his willingness to become Executive Vice-President and Chief
Operating Officer of Ballantyne of Omaha, Inc. in accordance with the terms and conditions set forth in this
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the
parties hereto agree as follows:
1. Employment .
The Company hereby employs the Executive and the Executive hereby agrees to be employed by
the Company under the terms and conditions hereinafter set forth.
2. Duties and Services .
2.1 The Executive shall serve as Executive Vice-President and Chief Operating Officer of
the Company. Executive shall perform those duties set forth on Exhibit “A” attached hereto and by this reference
incorporated herein. In addition, Executive shall perform such other duties as may be assigned to him from time
to time by the President or the Board of Directors. Executive shall report to the President of the Company, with
access to the Board of Directors.
2.2 The Executive shall