THIS AGREEMENT IS SUBJECT TO ARBITRATION PURSUANT TO S.C.CODE ANN. SECTION 15-48-10 ET SEQ., CODE
OF LAWS OF SOUTH CAROLINA, 1976 (AS AMENDED).
IF THE SOUTH CAROLINA UNIFORM ARBITRATION ACT IS DEEMED NOT TO APPLY, THIS AGREEMENT IS
SUBJECT TO ARBITRATION PURSUANT TO THE FEDERAL ARBITRATION ACT, TITLE 9, SECTION 1 ET. SEQ.,
UNITED STATES CODE (AS AMENDED).
EMPLOYMENT AGREEME NT
This Agreement is effective upon its execution by and between Synalloy Corporation, a corporation organized under the laws of
the State of Delaware (the "'Corporation"'), and Ronald H. Braam, a resident of Cleveland, Tennessee (the "'Employee"').
W I T N E S S E T H:
That in consideration of the agreements hereinafter contained, the parties hereto agree as follows:
1. Employment . The Corporation agrees to extend until November 1, 2005, the term of the initial Agreement
between Employer and the Employee. The Employee agrees to serve as President of Specialty Chemicals and in
such other capacities as the Board of Directors of the Corporation (the "'Board"') may designate from time to
time. During the term of his employment, the Employee shall devote his full time, attention, skill and efforts to the
performance of his duties for the Corporation. On November 1, 2005 and each anniversary thereafter, this
agreement shall be automatically extended for one year unless either party gives notice of intent to cancel this
agreement ninety days prior to an automatic extension date.
2. Compensation . The Corporation shall pay the Employee during the term of his employment hereunder a base
salary of One Hundred Sixty-five Thousand and 00/100ths Dollars ($165,000.00) per year together with
compensation payable as provided in Paragraph 3 below, unless forfeited by the occurrence of any of the events
of forfeiture specified in Paragraph 7 below. Salary shall be payable monthly or on a less frequent basis by
3. Bonus . In addition to the base salary provided for in Paragraph 2 above, for each fiscal ye