CONSULTING AGREEMENT, effective as of July 1, 2006, between Chicago Rivet & Machine Co., an Illinois
corporation (the "Company"), and John C. Osterman (the "Consultant").
WHEREAS, the Company and the Consultant wish to enter into a consulting agreement upon the terms and
subject to the conditions set forth below.
NOW THEREFORE, in consideration of the premises and the respective covenants and agreements of the
parties herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:
1. General. The Company hereby agrees to engage the Consultant, and the Consultant hereby agrees to perform
services for the Company on the terms and conditions set forth herein.
2. Term. The Term of this Agreement (the "Term") shall commence as of the date hereof and, unless extended by
mutual written agreement of the parties, shall automatically terminate on the first anniversary of the date hereof
without any further action by either party. The Consultant's engagement as a consultant hereunder and the Term
may also be terminated by either party at any time with thirty (30) days' advance written notice to the other party.
The Term shall also terminate automatically on the death or disability of the Consultant. Sections 5 (with respect
to fees accrued and expenses incurred prior to the date of termination), 6 and 8-16 shall survive the expiration or
termination of this Agreement and the Term.
3. Duties. From time to time during the Term, the Consultant shall render to the Company such services as
Consultant and the Company may agree upon in writing from time to time, including those set forth on Exhibit A,
as amended from time to time.
4. Place of Performance/Office Use. The Consultant shall perform his duties and conduct his business at such
locations as are reasonably acceptable to him and the Company, such locations shall include the Consultant's
place of residence and the Company's offices.
(a) Fees. During the Term