Exhibit 10.1

 

ADDENDUM NUMBER TWO

TO

EMPLOYMENT AGREEMENT

 

Effective February 1, 2011, Kim Korth (“Executive”) entered into an Employment
Agreement (the “Agreement”) with Supreme Industries, Inc. and its wholly-owned
subsidiary, Supreme Indiana Operations, Inc. (collectively referred to as
“Companies”).

 

Section 2 of the Agreement provided for a six-month initial term ending on
August 1, 2011.  As of August 1, 2011, the parties to the Agreement were engaged
in negotiations expected to lead to Executive receiving a long-term Employment
Agreement.  In order to provide additional time to complete and sign such
long-term Employment Agreement, the parties signed Addendum Number One to the
Agreement for the purpose of extending the term of the Agreement from August 1,
2011 to September 1, 2011.

 

As it has turned out, on this date (September 1, 2011) the parties are still
engaged in negotiations expected to lead to the completion and signing of the
long-term Employment Agreement.  For this reason, it is necessary to again
extend the term of the Agreement.

 

Accordingly, the parties hereby agree to a second extension of the Agreement for
a period beginning on September 1, 2011, and ending on the earlier to occur of
September 30, 2011, or the completion and signing of such long-term Employment
Agreement. All of the other terms contained in Addendum Number One shall remain
in full force and effect.

 

This document may be signed in multiple counterparts, each of which for all
purposes shall be deemed an original.

 

IN WITNESS WHEREOF, the parties hereto have executed this Addendum Number Two to
the Agreement to be effective September 1, 2011.

 

 

COMPANIES:

 

 

 

 

Supreme Industries, Inc.

 

 

 

 

 

 

 

 

By:

/s/ Herbert M. Gardner

 

 

Name:

Herbert M. Gardner

 

 

Title:

Chairman of the Board

 

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SUPREME INDIANA OPERATIONS, INC.

 

 

 

 

 

 

 

 

By:

/s/ Herbert M. Gardner

 

 

Name:

Herbert M. Gardner

 

 

Title:

Chairman of the Board

 

 

 

 

 

 

 

EXECUTIVE:

 

 

 

 

 

 

/s/ Kim Korth

 

 

Kim Korth

 

2

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