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EXHIBIT 10.01(e)

Amendment No. 5 dated as of May 17, 2004 to Employment Agreement dated as of
January 1, 1998 (the "Agreement") by and between Colonial Commercial Corp., a
New York corporation (the "Company") and Bernard Korn (the "Employee").

PRELIMINARY STATEMENT

The Employee has been employed by the Company under the Agreement for a term
ending at the close of business on December 31, 2003. The Company desires to
insure the continuation of the Employee's employment through December 31, 2008
and the Employee is willing to insure such continuation under the terms of this
amendment to the Agreement.

Accordingly, for good and valuable consideration, the Agreement is hereby
amended as follows:

 
1.
Section 1.02 of the Agreement is amended to read as follows:

The Employee's employment hereunder shall be for a term commencing as of January
1, 1998 (the "Commencement Date") and terminating at the close of business on
December 31, 2008 (the "Term").

 
2.
Section 2.01 of the Agreement is amended to read as follows:

Compensation. For all services rendered by the Employee hereunder and all
covenants and conditions undertaken by him pursuant to this Agreement, the
Company shall pay and the Employee shall accept (i) a salary at the rate of
$150,000 per annum from the date of this Amendment until December 31, 2005, and
(ii) a salary at the rate of $200,000 per annum from January 1, 2006 to December
31, 2008. Compensation shall be payable not less frequently than in bi-weekly
installments. The Company may (but shall not be obligated to), at any time and
from time to time, grant to the Employee an increase or increases in the
compensation otherwise payable pursuant to this Section 2.01, but such increase
or increases, if any, shall not be deemed to alter, modify, waive or otherwise
affect any other term, covenant or condition of this Agreement.

Except as amended hereby, the Agreement is in full respects ratified and
confirmed.

IN WITNESS WHEREOF, the parties have signed this Amendment as of the date set
forth above.
 

 
COLONIAL COMMERCIAL CORP.
           
By:
 /s/ James W. Stewart
     
James W. Stewart
     
Executive Vice President
           
Employee:
             
/s/ Bernard Korn
     
Bernard Korn
 

 

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