EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT is made and entered into this ____ day of _______________, 2005, by and between
CYCLE COUNTRY ACCESSORIES CORPORATION, an Iowa Corporation, (hereinafter referred to as the
"Corporation") and ALAN BAILEY, of Spencer, Iowa, (hereinafter referred to as the "Executive").
WHEREAS the Executive has been an employee of a predecessor to the Corporation and served in the capacity
as an officer and President of that predecessor; and
WHEREAS, the Corporation desires to assure themselves the services of the Executive as their employee for a
term of sixty (60) months on the terms and conditions set forth herein; and
WHEREAS, the Executive is agreeable to continue in an Executive capacity for said sixty (60) months and is
willing to accept and undertake such employment.
NOW, THEREFORE, IN CONSIDERATION OF THE PROMISES AND MUTUAL COVENANTS
HEREIN SET FORTH, THE CORPORATION AND THE EXECUTIVE AGREE AS FOLLOWS:
1. EMPLOYMENT. The Corporation agrees to and does hereby employ the Executive and the Executive
agrees to and does hereby accept employment by the Corporation, in the capacity of President for a period of
sixty (60) months commencing the ____ day of _______________, 2005 to the ____ day of
2. SCOPE OF SERVICES. The Executive shall serve as President of the Corporation. As such, the Executive
shall be in full charge of the operations of the Corporation or Corporation's business affairs, subject to the
directions of the chairman of the Board of Directors. It is contemplated that the Corporation will be a wholly
owned subsidiary of Cycle Country Accessories Corp. (hereinafter referred to as "Cycle
Country"). Upon completion of that transaction Executive will report directly to the Chief Executive Officer of
Cycle Country; and will serve in the function of a general manager of that part of Cycle Country that consisted of
the Simonsen Iron Works operation before the transaction.
3. FULL-TIME SERVICES. The Executive agrees that du