Document:

EXHIBIT 4.01

Number of shares:
Total Purchase Price:
Seller: person or persons who sign this Agreement as Seller

Investor:

AGREEMENT dated as of April 17, 2006 by and between the Seller and Investor.

For good and valuable consideration, the parties agree as follows:

1.   Seller has deposited with Oscar D. Folger as escrow agent, certificates
     ("Certificates") for the number of shares set forth above (the "shares") of
     common stock of Colonial Common Commercial Corp., together with a stock
     power for the Certificates endorsed in blank (the "Stock Power"). Investor
     has deposited the purchase price with the escrow agent, to be held by him
     in a non-interest bearing account.

2.   Seller hereby sells and assigns the shares to Investor, at $3 per share,
     for the total purchase price set forth above. To effectuate this sale,
     Investor is hereby directing the escrow agent to release to the purchase
     price to Seller Share sold by him, and Seller is hereby directing escrow
     agent to release the Certificates and the Stock Powers to Investor to the
     extent of the number of shares sold hereunder. The sale shall be completed
     when both releases have been made. The escrow agent will return to Seller a
     replacement certificate for any shares represented by the Certificate that
     are in excess of the number of shares sold hereunder.

3.   Seller represents that he owns the shares free and clear of all liens,
     claims, encumbrances and rights of first refusal and other rights. He makes
     no other representations or warranties whatsoever to Investors or any other
     person in respect of the Company, the shares or any other matter. Seller
     has made his own decision to sell his shares, and he will not complain if
     the price of the shares should hereafter increase. Neither the Company nor
     any of its directors or officers or other representative has made any
     representation or warranty whatsoever to Seller.

4.   Investor represents to the Company (i) that he is an accredited investor
     under the securities laws and that his personal net worth (not including
     his home and furnishings) is not less than $1,000,000, (ii) that he
     understands that the shares are legended and restricted with a standard
     1933 Securities Act legend, and the certificates to be issued to him for
     the shares will be similarly legended and restricted, (iii) that he is
     taking the shares for investment and not with a view to the distribution
     thereof, (iv) and that he or it will not be able to sell or otherwise
     dispose of the shares except if registered or if in the opinion of counsel
     an exemption exists from the obligation to register such shares.

5.   Investor has made his own decision to purchase the shares, and neither the
     Company nor any of its directors or officers or other representative has
     made any representation or warranty whatsoever to Investor. Investor has
     conducted his own due diligence investigations, and has carefully reviewed
     and understands all filings by the Company with the Securities and Exchange
     Commission from and after June 1, 2004, all of which filings are available
     on the SEC web site at www.sec.gov.
                            -----------

6.   The parties and he Company make no representations or warranties that are
     not set forth herein.

7.   Seller (except Ronald Miller) is concurrently herewith resigning as a
     director and an officer of the Company and as a member of any committee of
     the board of directors of the Company. Seller hereby generally releases the
     Company from any and all claims, liabilities, debts and obligations, except
     for any agreements signed on this date and except for the right to
     indemnification under the Company's certificate of incorporation and
     by-laws. By countersigning below the Company agrees that Seller will
     continue to be insured under the Company's D & O insurance policies for not
     less than three years.

<PAGE>
8.   The Company is a third party beneficiary of the representations made in
     this letter and may rely on them. This Agreement sets forth in full all
     understandings of the parties. It may not be amended or terminated orally.
     This Agreement shall be enforceable by decrees of specific performance
     without posting bond or other security, as well as by other available
     remedies. This Agreement may be signed in one or more counterparts each of
     which shall constitute an original. This Agreement may be signed by
     facsimile, and a facsimile copy shall also constitute an original.

9.   At the request of the parties Oscar Folger assisted the parties in drafting
     this agreement, but he did not act as counsel to any of the parties. HE
     ADVISED EACH PARTY THAT IT WAS ESSENTIAL THAT THEY HAVE THEIR OWN COUNSEL
     TO PROTECT THEIR INTERESTS, that he was not protecting their interests,
     that he has acted as counsel to the Company and has had prior significant
     relationships with each party, and that in no way can he be considered a
     neutral party. The parties absolutely release him from any liability for
     any matter whatsoever, known and unknown.

Seller:
        -----------------

Investor:
         --------------
Investor's Address:
                    ---------------------
Social Security Number
                       ----------------
Shares to be registered of record in the name of                 :
                                                 ----------------EXHIBIT 10.01

                              EMPLOYMENT AGREEMENT

AGREEMENT, dated April 17, 2006 by and between COLONIAL COMMERCIAL CORP., a New
York corporation (the "Company"), and BERNARD KORN, residing at 7564 Regency
Lake Drive, Boca Raton Florida 33433 (the "Employee").

1.   Employment; Terms and Duties

     a)   Employment. Upon the terms and conditions hereinafter set forth, the
          Company hereby employs the Employee, and the Employee hereby accepts
          such employment.

     b)   Term. The Employee's employment hereunder shall be for a term (the
          "Term") commencing as of this date (the "Commencement date") and
          terminating at the close of business on December 31 2010.

     c)   Duties. During the Term, the Employee shall perform such duties
          hereunder, as may be reasonably assigned to him from time to time by
          the Chairman of the Board of Directors of the Company or its CEO with
          the approval of the Employee, which approval shall not be unreasonably
          withheld. Until December 31, 2008, Employee shall from whatever
          location he deems convenient devote his best efforts and significant
          time, attention and energies, during regular working hours, to the
          performance of his duties hereunder and to the furtherance of the
          business and interests of the Company, its subsidiary and affiliate
          companies. From January 1, 2009 until December 31, 2010 Employee shall
          from whatever location he deems convenient devote reasonable efforts,
          consistent with his personal and business commitments, to the
          performance of his duties hereunder and to the furtherance of the
          business and interests of the Company, its subsidiary and affiliate
          companies. Employee's inability to perform his assignments shall not
          constitute cause for termination. Employee shall not be required to
          travel without his consent.

2.   Compensation

     a)   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, a
          salary at the rate of $200,000 per annum. Compensation shall be
          payable not less frequently than in bi-weekly installments.

     b)   Deductions. The Company shall deduct from the compensation described
          in Section 2(a) any federal, state or local withholding taxes, social
          security contributions and any other amounts which may be required to
          be deducted or withheld by the Company pursuant to any federal, state
          or city laws, rules or regulations.

     c)   Disability Adjustments. Any compensation otherwise payable to the
          Employee pursuant to Section 2(a) during any Disability Period (as
          that term is hereinafter defined) shall be reduced by any amounts
          payable to the Employee for loss of earnings or the like under any
          insurance plan or policy the premiums for which are paid for in their
          entirety by the Company.

     d)   The Company acknowledges that Employee continues to own 52,000 options
          that were heretofore granted to him and that remain in effect in
          accordance with their terms.

<PAGE>
3.   BENEFITS; EXPENSES

     a)   Fringe Benefits. During the Term, the Employee shall continue to be
          entitled to participate in such group life, health, accident,
          disability or hospitalization insurance plans as the Company may make
          available to its executive employees, and the continuation of his
          reimbursement for Medicare and AARP supplemental costs and for
          continuation of his prescription drug benefits.

     b)   Automobile. The Company shall furnish the Employee with an automobile
          (including the replacement thereof), of such make, model and year
          similar to Employee's current automobile, for use by the Employee in
          connection with the performance of his duties hereunder. Upon
          presentation of an itemized account thereof, with such substantiation
          as the Company shall reasonably require, the Company shall pay or
          reimburse the Employee for the reasonable and necessary expenses of
          the maintenance (including fuel) and operation of such automobile in
          connection with the performance of his duties hereunder. The Company
          will from time to time during the Term replace Employee's automobile
          with a new automobile consistent with prior practice.

     c)   Expenses. Upon presentation of an itemized account thereof, with such
          substantiation as the Company shall reasonably require, the Company
          shall pay or reimburse the Employee for the reasonable and necessary
          expenses directly and properly incurred by the Employee with the
          Company's prior approval in connection with the performance of his
          duties hereunder.

     d)   Vacations. During the Term, the Employee shall be entitled to paid
          holidays and paid vacations, in accordance with the policy of the
          Company as determined by the Chairman or the CEO, provided, however,
          that the Employee shall be entitled to not less than four weeks paid
          vacation during each year of the Term, to be taken at times determined
          by the Employee.

4.   Termination.

     a)   The employment of the Employee, and the obligations of the Employee
          and the Company hereunder, shall cease and terminate (except as
          otherwise specifically provided in this Agreement) upon the first to
          occur on the following dates (the "Termination Date") described in
          this Section 4:

          i)   The date of expiration by its terms of the Term;

          ii)  The date of death of the Employee; provided, however,
               notwithstanding the foregoing:

               (1)  the lump sum of Five Thousand ($5,000) Dollars shall be paid
                    to the Employee's widow as tax-free death benefit (as
                    provided by the Internal Revenue Code); and

               (2)  the Employee's compensation, as determined in accordance
                    with Section 2, shall be paid for a period of one (1) year
                    (irrespective of whether such one-year period exceeds the
                    expiration date of the Term) to the Employee's widow.

5.   Disability. In the event that the Employee shall have been unable, by
     reason of illness or incapacity, to perform the duties required of him
     pursuant to this Agreement, for a period of twelve (12) consecutive months
     (the "Disability Period"), the Company may give notice (the "Disability
     Notice") to the Employee of the discontinuance of his services hereunder,
     provided, however, notwithstanding the foregoing, this Agreement shall
     continue in full force and effect except as follows:

     a)   The duties under Section 1(c) shall become inoperative on the date on
          which the Disability Notice is given. In lieu of his duties as set
          forth above, the duties of the Employee shall be, to the extent
          permitted by his illness or incapacity, to advise and counsel the
          officers and directors of the Company with respect to the affairs and
          business of the Company; and

     b)   The Company shall continue to pay and the Employee shall accept,
          compensation in an amount determined in accordance with Section 2(a)
          for the remainder of the Term, irrespective of the amount or nature of
          the services rendered by the Employee pursuant to Section 5(a).

<PAGE>
     c)   Notwithstanding anything herein contained to the contrary, in the
          event that, prior to the delivery of the notice specified in this
          Section 5, the Employee shall resume the full-time performance of his
          duties hereunder for a period of not less than ten (10) consecutive
          working days, the Company may not give the Employee the Disability
          Notice.

6.   Restrictive Covenants

     a)   Non-Disclosure. Subject to the Company fully performing all of the
          terms and obligations required of it under this Agreement, including,
          without limitation, the payment of compensation, the Employee shall
          not disclose or furnish to any other person, firm or corporation (the
          "Entity") during his employment and for three years thereafter, except
          in the course of the performance of his duties hereunder, the
          following:

          i)   any information relating to any process, technique or procedure
               used by the Company, including, without limitation, computer
               programs and methods of evaluation and pricing and marketing
               techniques which is not specifically a matter of public record;
               or

          ii)  any information relating to the operations or financial status of
               the Company, including, without limitation, all financial data
               and sources of financing, which is not specifically a matter of
               public record; or

          iii) any information of a confidential nature obtained as a result of
               his prior, present or future relationship with the Company, which
               is not specifically a matter of public record; or

          iv)  any trade secrets of the Company; or

          v)   the name, address or other information relating to any customer
               or debtor of the Company which is not specifically a matter of
               public record.

     b)   Non-Competition. Subject to the Company fully performing all of the
          terms and obligations required of it under this Agreement, including,
          without limitation, the payment of compensation, the Employee shall
          not, from the date hereof and until one year after the termination of
          his employment with the Company (the "Restriction Period"):

          i)   in any manner, directly or indirectly, be interested in, employed
               by, engaged in or participate in the ownership, management,
               operation or control of or act in any advisory or other capacity
               for any Entity which, directly or indirectly, competes with the
               Company throughout the Territory (as that term is hereinafter
               defined); provided, however, that Employee may invest in any
               Entity which may be deemed to be in competition with the Company
               hereunder, the Common Stock of which Entity is "publicly held",
               provided that the Employee shall not own or control securities
               which constitute more than one (1) percent of the voting rights
               or equity ownership of such Entity, or five (5) percent of the
               outstanding principal balance of any class of debt securities of
               such Entity. The Employee or any Entity shall be deemed to
               compete with the Company if at any time during the Restriction
               Period the Employee or such Entity engages in any aspect of the
               heating, ventilation or air conditioning business.

          ii)  In any manner, directly or indirectly, attempt to seek to cause
               any Entity to refrain from dealing or doing business with the
               Company or assist any Entity in doing so or attempting to do so.

<PAGE>
     c)   Definitions. As used in this Section 6: the term "Company" shall
          include any parent, subsidiary or affiliate of, or successor to, the
          Company and the term "Territory" shall mean any state (including the
          District of Columbia), territory or possession of the United States
          within which the Company presently or hereafter does business.

     d)   Breach of Provisions. In the event that the Employee shall breach any
          of the provisions of this Section 6, or in the event that any such
          breach is threatened by the Employee, in addition to and without
          limiting or waiving any other remedies available to the Company at law
          or in equity, the Company shall be entitled to immediate injunctive
          relief in any court, domestic or foreign, having the capacity to grant
          such relief, to restrain any such breach or threatened breach and to
          enforce the provisions of this Section VI. The Employee agrees and
          acknowledges that there is no adequate remedy at law for any such
          breach or threatened breach and, in the event that any action or
          proceeding is brought seeking injunctive relief, the Employee shall
          not use a defense thereto that there is an adequate remedy at law.

     e)   Reasonable Restrictions. The parties acknowledge that the foregoing
          restrictions, the duration and territorial scope thereof as set forth
          in this Section 6, are under all of the circumstances reasonable and
          necessary for the protection of the Company and its business.

7.   Certain Restrictions.

     a)   Until May 31, 2008, Employee will not knowingly sell any of the
          Company's securities to a 5% shareholder (as hereinafter defined), or
          to a person who as a result of such sale would become a 5%
          shareholder, unless such person first enters into an agreement in
          favor of the Company with the same tenor as a standstill agreement
          heretofore signed by Employee (which standstill agreement by Employee
          is superseded by this Agreement) and in form and substance reasonably
          satisfactory to the Company. The term "5% shareholder" has the meaning
          attributed thereto in Internal Revenue Code Section 382.

     b)   Until May 31, 2008 without the prior written consent of the Company,
          Employee will not (i) acquire, agree to acquire or make any proposal
          to acquire any voting securities or assets of the Company or any of
          its affiliates, (ii) propose to enter into any merger, consolidation,
          recapitalization, business combination or other similar transaction
          involving the Company or any of its affiliates, (iii) make, or in any
          way participate in any "solicitation" of "proxies" (as such terms are
          used in the proxy rules of the Securities and Exchange Commission)
          other than in casual conversation with acquaintances and relatives to
          vote or seek to advise or influence any person with respect to the
          voting of any voting securities of the Company or any of its
          affiliates or (iv) form, join or in any way participate in a "group"
          as defined in Section 13(d)(3) of the Securities Exchange Act of 1934,
          as amended, in connection with any of the foregoing or (v) advise,
          assist or encourage any other persons in connection with the
          foregoing.

8.   Certain Remedies

     a)   Lump Sum Payment. From and after any breach by the Company of its
          obligations under this Agreement which is not cured within 10 days
          after the Employee gives notice thereof to the Company, the Employee
          shall be entitled at any time by notice to the Company to terminate
          his obligations to the Company hereunder and forthwith to receive from
          the Company in a lump sum, and without present value discount, the
          entire aggregate amount which would have been payable by the Company
          to Employee under Section 2(a) had Employee been employed hereunder
          for the entire Term. Commencing 30 days after demand therefor,
          interest shall accrue on such lump sum obligation at the annual rate
          of 10% per annum, and shall be payable on demand.

<PAGE>
     b)   Litigation Costs. Should Employee prevail in any litigation relating
          to his employment or this Agreement, the Company shall forthwith
          reimburse Employee for all of his legal fees and costs. Should
          Employee prevail only in part in any such litigation, the Company
          shall forthwith reimburse him for a pro rata portion of his legal fees
          and costs.

9.   Effect of Change Of Control.

     a)   If a change of control (as hereinafter defined) shall occur at any
          time from and after January 1, 2009, then

          i)   Employee shall not obligated to perform any additional services
               under Section 1(c),

          ii)  The Company shall forthwith pay to Employee in a lump sum, and
               without present value discount, the entire aggregate amount which
               would have been payable by the Company to Employee under Section
               2(a) had Employee been employed hereunder for the entire Term.
               Commencing 30 days after demand therefor, interest shall accrue
               on such lump sum obligation at the annual rate of 10% per annum,
               and shall be payable on demand.

     b)   A "change of control" shall be deemed to have occurred if the
          stockholders of the Company approve a merger of the Company, or a plan
          of complete liquidation of the Company, or an agreement for the sale
          or disposition by the Company of all or substantially all of its
          assets, or any other business combination of the Company with any
          other corporation, other than any such merger or business combination
          which would result in the voting securities of the Company outstanding
          immediately prior thereto continuing to represent (either by remaining
          outstanding or by being converted into voting securities of the
          surviving entity) at least 50% of the total voting power represented
          by the voting securities of the Company or such surviving entity
          outstanding immediately after such merger or business combination.

10.  Miscellaneous

     a)   Assignment. This Agreement shall not be assigned by either party,
          except that the Company shall have the right to assign its rights
          hereunder to any parent, subsidiary and affiliate of, or successor to,
          the Company.

     b)   Binding Effect. This Agreement shall extend to and be binding upon the
          Employee, his legal representatives, heirs and distributees, and upon
          the Company, its successors and assigns. This Agreement was approved
          by the Board of Directors of the Company.

     c)   Notices. Any notice required or permitted to be given under this
          Agreement to either party shall be sufficient if in writing and if
          sent by registered or certified mail, return receipt requested, to the
          address of Employee at his address set forth above and to the Company
          at its then headquarters office, or to such other address as such
          party may hereafter designate by a notice given to the other party in
          the manner provided in this Section 10(c).

     d)   Waiver. A waiver by a party hereto of a breach of any term, covenant
          or condition of this Agreement by the other party hereto shall not
          operate or be construed as waiver of any other or subsequent breach by
          such party of the same or any other term, covenant or condition
          hereof.

     e)   Prior Agreements. Any and all prior Agreements between the Company and
          the Employee, whether written or oral, relating to any and all matters
          covered by, and contained or otherwise dealt with in this Agreement
          (including without limitation the Employment Agreement dated January
          1, 1998 as amended to date) are hereby canceled and terminated.

<PAGE>
     f)   Entire Agreement. This Agreement sets forth the entire Agreement
          between the parties with respect to the subject matter hereof and no
          waiver, modification, change or amendment of any of its provisions
          shall be valid unless in writing and signed by the party against whom
          such claimed waiver, modification, change or amendment is sought to be
          enforced.

     g)   Authority. The parties severally represent and warrant that they have
          the power, authority and right to enter into this Agreement and to
          carry out and perform the terms; covenants and conditions hereof.

     h)   Applicable Law. This Agreement shall be governed by and construed in
          accordance with the laws of the State of New Jersey. The federal and
          state courts in Passaic County, New Jersey shall have exclusive
          jurisdiction on all matters relating to this Agreement.

     i)   Severability. In the event that any of the provisions of this
          Agreement, or any portion thereof, shall be held to be invalid or
          unenforceable, the validity and enforceability of the remaining
          provisions shall not be affected or impaired, but shall remain in full
          force and effect.

     j)   Saving Clause. To the extent that any provision herein that is to
          Employee's benefit and not to the benefit of the Company is determined
          to constitute a violation of Internal Revenue Code Section 409A, such
          provision shall be invalid.

     k)   Titles. The titles of the Sections and Sections of this Agreement are
          inserted merely for convenience and ease of reference and shall not
          affect or modify the meaning of any of the terms, covenants or
          conditions of this Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
     the day and date first about written.

COLONIAL COMMERCIAL CORP.

BY:/s/ William Pagano
   -------------------------------
   President

/s/Bernard Korn
----------------------------------
Bernard Korn

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