OFFER LETTER

Executive Employment Agreement

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ELECTROGLAS INC | Thomas M. Rohrs

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Title: OFFER LETTER
Date: 4/12/2006
Industry: Semiconductors

OFFER LETTER, Parties: electroglas inc , thomas m. rohrs

EXHIBIT 10.2

Offer letter for Thomas M. Rohrs

Tom, the Board of Directors of Electroglas is pleased to make for the following offer for the Chairman, CEO position.

Base Salary: $310,000 per year

At Risk Bonus: $200K with upside to $230K if all milestones are met, the exact amount of such bonus to be determined by the Board based upon Mr. Rohrs achieving certain performance criteria and Electroglas achieving specific financial goals, including the satisfaction of certain Electroglas operating profit goals, and other corporate goals, in each case as determined by the Board.

Change of control/severance agreement of 24 months (salary plus bonus), triggered upon both a successful completion of a board and shareholder approved acquisition and a subsequ

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