EXHIBIT 10.1

EMPLOYMENT AGREEMENT entered into in Montreal, Quebec, Canada as of March 1st,
2005 by and


Between:                   MAAX-KSD CORPORATION, a company incorporated under
                           the laws of the province of Quebec, having its head
                           office at 505 Keystone Road, P.O. Box 544,
                           Southampton, Pennsylvania, USA,

                           ("MAAX")


and:                       Daniel Stewart, domiciled and residing at 2013
                           Country Club Dr., Doylestown, PA, 18901, USA;

                           (the "Employee")


1.       Term
         ----

1.1      The Employee agrees that his employment with MAAX is for an unspecified
         duration that constitutes at-will employment, and that either the
         Employee or MAAX can terminate this relationship at any time, with or
         without cause. However, in the event of any involuntary termination of
         the employment other than for cause (as defined herein), the Employee
         shall be entitled to the severance compensation set forth in section 8
         hereof.

2.       Title and Responsibilities
         --------------------------

         The Employee will serve in the position of Vice President and Sector
         Head - Bathroom Sector and will henceforth perform duties for MAAX
         Corporation and its subsidiaries. Job Responsibilities

         >>       Place of work shall be Southampton, Pennsylvania;

         >>       Responsible for general management of MAAX Bathroom Sector;

                  o        18 plants
                  o        $M450 Sales revenue per year (FY2005)
                  o        $M63 of EBITDA
                  o        Employees: 2,900
<PAGE>

         >>       Preparation and execution of Sector Business Plan accompanied
                  by financial budgets to meet MAAX Bathroom Sector goals and
                  objectives;

         >>       Leadership and management of human resources throughout all
                  Bathroom Sector plants and distribution centers;

         >>       Financial performance for his sector;

                  o        EBITDA
                  o        Working Capital

         >>       Sales and Marketing strategies for his sector;

         >>       Manufacturing. logistics and distribution strategies for his
                  sector;

         >>       Product development implementation within MAAX strategic
                  direction;

         >>       Business relationships with customers;

         >>       Member of MAAX Executive Committee;

         >>       Reports to President and CEO.

3.       Compensation
         ------------

         During the Term, as compensation for performing the services required
         by this Agreement, the Employee shall be compensated as follows:

3.1      Base compensation

         >>       In consideration of the Employee's services, effective March
                  1st, 2005, the Employee will be paid a base salary of three
                  hundred thousand dollars US Funds ($US300,000), payable
                  twice-monthly in accordance with MAAX's standard payroll
                  practices. As with other managers of MAAX, the Employee's base
                  salary will be reviewed annually by the Board of Directors of
                  MAAX, as appropriate.

3.2      Performance Compensation

         >>       In addition to a base compensation, the Employee is entitled
                  to a performance compensation of up to 50% of his annual
                  salary (3.1 above) paid annually (Upon Board approval which is
                  usually in the month of May following the end of fiscal year);

         >>       Performance compensation targets are established on an annual
                  basis by MAAX Board of Directors. The target bonus has three
                  (3) main components:
<PAGE>

                  a)       MAAX Consolidated Adjusted Earnings Before Interest,
                           Tax, Depreciation and Amortization (EBITDA)

                           o        Payment scale starts at 95% of previous year
                                    EBITDA to the budgeted yearly EBITDA;

                           Represents 40% of total bonus target.

                  b)       Working Capital Ratios for MAAX consolidated which
                           includes

                           o        Trade receivable;
                           o        Raw material inventory;
                           o        Finished Goods and WIP Inventory; and
                           o        Trade payables;

                           Represents 40% of total bonus target.

                  c)       Strategic initiatives for MAAX represent 20% of total
                           bonus target (Ex: LEAN Thinking implementation, SAP
                           implementation, etc.)

4.       Employee Benefits
         -----------------

4.1      You will be entitled to participate in the company's full benefit
         program; which includes life insurance, sick leave, short/long term
         disability as well as a 401K plan.

4.2      The Employee shall have the right to four (4) weeks of paid vacation
         per each calendar year during the Term. Any vacation that is not taken
         in a given calendar year shall accrue and carry over to the following
         year. Accrued vacation cannot be monetarily compensated.

4.3      During the Term, in order to facilitate the performance of the
         Employee's duties hereunder and otherwise for the convenience of the
         Company, the Company shall provide the Employee with a monthly
         automobile allowance of up to eight hundred ($US800) dollars. The
         Company shall also be responsible for and shall pay for all costs
         associated with the use of such automobile, including, without
         limitation, insurance, fuel, maintenance and repairs.

4.4      Share options: The Employee has been allocated eighteen thousand six
         hundred thirty-seven (18,637) options under the Company's share options
         plan. 30% of the options granted under the plan will vest rateably over
         five (5) years (20% per year).

         70% of the options granted under the plan are performance vesting
         options. (See stock option plan agreement for details of this plan).

4.5      The Employee is entitled to hold an equity position within MAAX
         Corporation. You have chosen to invest the equivalent of fifteen
         thousand one hundred eighty-three (15,183) shares and/or roll over
         options. (See MAAX shareholders agreement for details).

<PAGE>

5.       Expenses
         --------

5.1      All normal expenses associated with business as approved by the
         President & CEO consistent with MAAX policies.

6.       Non-competition, confidentiality and Invention Assignment
         ---------------------------------------------------------

6.1      The Employee agrees that his employment is contingent upon his
         execution and delivery to MAAX of the Non-Competition, Confidentiality
         and Invention Assignment Agreement attached hereto as Schedule A.

7.       No Conflicting Employment
         -------------------------

7.1      The Employee agrees that, during the term of his employment with MAAX,
         he will not engage in any other employment, occupation, consulting or
         other business activity related to the business in which MAAX is now
         involved or becomes involved during the term of his employment, nor
         will he engage in any other activities that conflict with his
         obligations to MAAX.

8.       Termination and Severance
         -------------------------

8.1      In the event that the Employee employment with MAAX is involuntarily
         terminated other than "for cause" (as defined herein), the Employee
         shall be entitled to a severance payment equal to twelve (12) months of
         the Employee's then current base salary plus one year target bonus
         amount as set forth in section 3.

8.2      For purposes of the foregoing, termination "for cause" shall mean (i)
         the wilful failure by the Employee substantially to perform his
         material duties after a written demand for substantial improvement in
         performance is delivered to the Employee by the Board of Directors of
         MAAX or the CEO which specifically identifies the manner in which MAAX
         believes that the Employee should perform his duties and the Employee
         fails to rectify the deficiency within a 90-day period, (ii) the
         failure (in any material respect) by the Employee to follow reasonable
         policies or directives established by MAAX after written notice to the
         Employee by the CEO of MAAX that the Employee is not following such
         policies or directives and the Employee fails to rectify the deficiency
         immediately, (iii) conduct that is materially detrimental to MAAX and
         the Employee fails to rectify such deficiency immediately of having
         received written notice from MAAX regarding the same, or (iv) the
         conviction of the Employee of any crime involving the property or
         business of MAAX or an illegal activity or action detrimental to MAAX.

<PAGE>

8.3      If the Employee employment is terminated for cause or if the Employee
         resigns his employment voluntarily, no compensation or other payments
         will be paid or provided to the Employee for any period following the
         date when such a termination of employment is effective and any rights
         the Employee may have under any benefit plans of MAAX shall be
         determined under the provisions of those plans. If the employment of
         the Employee terminates as a result of his death or disability, no
         compensation or payments will be made to the Employee other than those
         to which the Employee is otherwise entitled under applicable benefit
         plans, if any, of MAAX.

9.       General Provisions
         ------------------

9.1      This Agreement will be governed by the laws of the Sate of
         Pennsylvania, applicable to Agreements made and to be performed
         entirely within such state.

9.2      This Agreement sets forth the entire Agreement and understanding
         between MAAX and the Employee relating to his employment and supersedes
         all prior verbal discussions between them. Any subsequent change or
         changes in the Employee duties, salary or compensation will not affect
         the validity or scope of this Agreement.

9.3      If one or more of the provisions in this Agreement are deemed void by
         law, then the remaining provisions will continue in full force and
         effect.

9.4      This Agreement will be binding upon the Employee's heirs, executors,
         administrators and other legal representatives and will be for the
         benefit of MAAX and its successors and assigns.

9.5      The Employee warrants that there is no Agreement between him and any
         other party that would conflict with his obligations under this
         Agreement or otherwise as an employee of MAAX.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Employment
Agreement at the place and as of the date first written above.


                                       MAAX KSD

                                       by: /s/ ANDRE HEROUX
                                           -------------------------------------
                                           Andre Heroux, President and CEO


                                       The Employee

                                           /s/ DANIEL STEWART
                                           -------------------------------------
                                           Daniel Stewart

<PAGE>

                                   SCHEDULE A
                                   ----------

                                    MAAX KSD


               --------------------------------------------------

                     CONFIDENTIALITY, OWNERSHIP OF FILES AND
                    OTHER PROPERTY, OWNERSHIP OF INTELLECTUAL
                          PROPERTY, NON-COMPETITION AND
                           NON-SOLICITATION AGREEMENT

               --------------------------------------------------

SECTION I - CONFIDENTIALITY

1.1      The Employee acknowledges that he has received and will receive or
         conceive, in performing or in the course of his duties during his
         employment with MAAX KSD and the subsidiaries of MAAX Corporation ("the
         Company"), confidential information pertaining to the activities, the
         technologies, the operations and the business, past, present and
         future, of the Company or its subsidiaries or related or associated
         companies, which information is not in the public domain. The Employee
         acknowledges that such confidential information belongs to the Company
         and that its disclosure or unauthorized use could be prejudicial to the
         Company and contrary to its interests.

         Accordingly, the Employee agrees to respect the confidentiality of such
         information and not to make use of or disclose or discuss it to or with
         any person, other than in the course of his duties with the Company,
         without the explicit prior written authorization of the Company.

         This undertaking to respect the confidentiality of such information and
         not to make use of or disclose or discuss it to or with any person
         shall continue to have full effect notwithstanding the termination of
         the Employee's employment with the Company, so long as such
         confidential information does not become public as a result of an act
         by the Company or a third party which act does not involve the fault of
         one its employees.

1.2      The term "confidential information" includes among other things:

         1.2.1    products, formulae, processes and composition of products, as
                  well as raw materials and ingredients, of whatever kind, that
                  are used in their manufacture;

         1.2.2    technical knowledge and methods, quality control processes,
                  inspection methods, laboratory and testing methods,
                  information processing programs and systems; manufacturing
                  processes, plans, drawings, tests, test reports and software;

         1.2.3    equipment, machinery, devices, tools, instruments and
                  accessories;
<PAGE>

         1.2.4    financial information, production cost data, marketing
                  strategies, raw materials supplies, supplier, staff and
                  customer lists and related information, marketing plans, sales
                  techniques and policies, including pricing policies, sales and
                  distribution data and present and future expansion plans; and

         1.2.5    research, experiments, inventions, discoveries, developments,
                  improvements, ideas, industrial secrets and know-how.

SECTION II - OWNERSHIP OF FILES AND OTHER PROPERTY

2.1      Any file, sketch, drawing, letter, report, memo or other document, any
         equipment, machinery, tool, instrument or other device, any diskette,
         recording tape, compact disc or software or any other property which
         comes into the Employee's possession during his employment with the
         Company, in the performance or in the course of his duties, regardless
         of whether he has participated in its preparation or design, how it may
         have come into his possession and whether or not it is an original or a
         copy, shall at all times remain the property of the Company and, upon
         the termination of the Employee's employment, shall be returned to the
         Company or its designated representative before the Employee leaves his
         place of work. The Employee may not keep a copy or give one to a third
         party

SECTION III - OWNERSHIP OF INTELLECTUAL PROPERTY

3.1      The Employee hereby assigns and agrees to assign to the Company all his
         intellectual property rights as of their creation and to make full and
         prompt disclosure to the Company of all information relating to
         anything made or designed by him or that may be made or designed by him
         during the period of his employment, whether alone or jointly with
         other persons, or within a period of two (2) years following the
         termination of his employment and resulting from or arising out of any
         work performed by the Employee on behalf of the Company or connected
         with any matter relating or possibly relating to any business in which
         the Company or any of its subsidiaries or related or associated
         companies is involved.

         In addition, the Employee waives all moral rights in any document or
         work realized during the period of his employment. The Employee
         acknowledges that the Company has the right to use, modify or reproduce
         any document or work realized by the Employee, at its entire
         discretion, without the Employee's authorization and without his name
         being mentioned.

3.2      At any time during the period of his employment or after the
         termination of his employment, the Employee shall sign, acknowledge and
         deliver, at the Company's expense, but without compensation other than
         a reasonable sum for his time devoted thereto if his employment has
         then terminated, any document required by the Company to give effect to
         section 6.1, including patent applications and documents evidencing the
         assignment of ownership. The Employee shall also provide such other
         assistance as the Company may require with respect to any proceeding or
         litigation relating to the protection or defence of intellectual
         property rights belonging to the Company.
<PAGE>

3.3      The full list of inventions, discoveries, developments, improvements,
         processes and products, whether or not patented, made, designed or
         invented by the Employee previous to his employment, and of all other
         intellectual property rights belonging to the Employee connected with
         any matter relating or possibly relating to any business in which the
         Company or any of its subsidiaries or related or associated companies
         is involved, is attached to this contract of employment. In the absence
         of such list the Employee declares and certifies that he has not made,
         designed or invented any invention, discovery, development,
         improvement, process or product previous to his employment and that he
         does not own any intellectual property rights connected with any matter
         relating or possibly relating to any business in which the Company or
         any of its subsidiaries or related or associated companies is involved.

3.4      This section shall be binding on the Employee's heirs, assigns and
         legal representatives.

SECTION IV - NO COMPETITION AND NO SOLICITATION

4.1      The Employee shall not compete with the Company, directly or
         indirectly. He shall not participate in any capacity whatsoever in a
         business that competes with the Company, directly or indirectly,
         including, without limitation, as an executive, director, officer,
         employer, employee, principal, agent, fiduciary, administrator of the
         property of another, associate, general partner, independent
         contractor, franchisor, franchisee, distributor or consultant. In
         addition, he shall not have any interest whatsoever in such a business,
         including, without limitation, as owner, shareholder, partner, limited
         partner, lender or silent partner. This covenant not to compete is
         limited as follows :

         4.1.1    As to the time period, to the duration of the Employee's
                  employment and for a period of twelve (12) months as of the
                  date of termination of his employment;

         4.1.2    The Employee also undertakes, for the same period, not to
                  solicit customers of the Company, directly or indirectly, not
                  to permit the use of his name in order to solicit said
                  customers and not to do anything whatsoever to induce or
                  decide any person to put an end, in whole or in part, to his
                  business relations with the Company.

4.2      The Employee also undertakes, for the same period referred to
         hereinabove in sub-sections 4.1.1 not to induce, attempt to induce or
         otherwise solicit the personnel of the Company to leave their
         employment with the Company and not to hire the personnel of the
         Company for any business in which the Employee has an interest.

4.3      In the event of violation by the Employee of the undertakings set out
         in this section 4, the Employee recognizes the right of the Company to
         remedy such breaches, by way of an order of injunction or otherwise and
         subject to the Company's right to claim the damages sustained.

4.4      The provisions of this section 4 are limited as to the time period, the
         geographic area, the nature of the activities and as to the amount of
         the penalty to what the parties deem necessary to protect the
         legitimate interests of the Company. Should a Court decide that the

<PAGE>

         provisions of this section 4 are nevertheless abusive or unreasonable;
         the parties' intention is that the scope of the obligations arising
         there from should be reduced to the extent required, rather than
         invalidated in their entirety.

SECTION V - INTERPRETATION

5.1      This agreement shall be governed by and interpreted in accordance with
         the laws of the State of Pennsylvania.



SIGNED IN Montreal, Quebec, Canada on January 3, 2006.



/s/ DANIEL STEWART                                              January 3, 2006
-------------------------------                                 ---------------
Daniel Stewart                                                  Date



/s/ ANDRE HEROUX                                                January 3, 2006
-------------------------------                                 ----------------
Andre Heroux, President and CEO                                 Date