THIS AGREEMENT, made and entered into as of the 24th day of November, 1999, by and between Riviera
Tool Company, a Michigan corporation, hereinafter referred to as "Corporation," and Kenneth K. Rieth,
hereinafter referred to as "Employee."
WHEREAS, Corporation will be engaging in the business of design and construction of tools for the metal
stamping business; and
NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth, the parties hereto do promise
and agree as follows:
1. EMPLOYMENT. Corporation shall employ Employee and Employee shall serve Corporation as Chairman,
President and Chief Executive Officer performing such reasonable duties as are customary to such position and
may as from time to time be directed by the Corporation's Board of Directors. The Employee's place of
employment shall be the present offices of the Corporation in Grand Rapids, Michigan, or at another location as
shall be mutually agreed upon between the parties. Employee shall devote his full working time and efforts to the
affairs of the Corporation.
2. TERM. The term of employment of Employee under this Agreement shall commence on September 1, 1999
and shall continue for one fixed term of three
3. COMPENSATION. In consideration of the services to be performed for the Corporation by Employee
pursuant to Paragraph 1, above, Corporation shall provide to Employee the following:
A. A base salary of One Hundred Sixty Five Thousand ($165,000.00) per year, subject to being increased at the
discretion of the Board of Directors of Corporation, payable in installments according to Corporation's regular
salaried payroll policy payment procedures in effect from time to time.
B. Such bonuses as from time to time are determined by the Corporation but not less than three and one-half
percent (3.5%) of the annual consolidated profits of the Corporation, before payment of or provision for taxes on
income or officer's bonuses based upon such