The overall demand for cable anchoring and control hardware for electrical transmission and distribution lines on a worldwide basis, which has a slow growth rate in mature markets such as the United States, Canada, and Western Europe

Exhibit 10.1

DENNIS McKENNA
VICE PRESIDENT
GLOBAL BUSINESS DEVELOPMENT

21 December 2006

Mr. Randy Ruhlman
Ruhlman Motor Sports
2403 Deer Track Lane
Greensboro, NC 27455

Dear Randy,

This letter will confirm our return as your primary sponsor for the Grand American Road Racing Series in 2007. We are looking forward to continuing to build on your inaugural section with Grand American last year as well as working closely with your new team at Southard Morotsports.

As we discussed, PLP® is providing a total of $950,000 in sponsorship fees for the 2007 season. Enclosed is the first installment of $500,000. The payment schedule for the remainder of the 2007 sponsorship fee will be as follows:

		February 2007:		$	250,000
		March 2007:		$	100,000
		April 2007:		$	100,000

I once again look forward to working closely with you and Cristi to identify ways to enhance the effectiveness and impact of the racing program for PLP. Racing provides us with a unique venue for strengthening our relationships with customers and all of us within the Marketing and Sales group look forward to working closely with you, Cristi and your new team in 2007.

		Best Regards,
		Dennis F. McKenna
		Vice President, Marketing and Business Development
		cc: R.G. Ruhlman       E. R. Graef