PW EAGLE INC
SECOND AMEND TO EMPLOYEE AGREEMENT: JOHN R. COBB
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<TYPE>EX-10.5
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<DESCRIPTION>SECOND AMEND TO EMPLOYEE AGREEMENT: JOHN R. COBB
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<TITLE>Second Amend to Employee Agreement: John R. Cobb</TITLE>
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<BODY bgcolor="#FFFFFF"><HR> <p align=right><font face="Times New Roman" size="3"><b><font size="2">Exhibit 10.5</font></b></font></p> <p align=center><font face="Times New Roman" size="3"><b><font size="2">SECOND AMENDMENT<br> to the <br>
Employment Agreement executed September 16, 1999<br> between<br> Jack Cobb and Eagle Pacific Industries, Inc.</font></b></font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS
AMENDMENT TO EMPLOYMENT AGREEMENT is entered into effective as of August 20, 2001, by and between Jack Cobb (the &#147;Employee&#148;) and PW Eagle, Inc., f/k/a Eagle Pacific Industries, Inc. (&#147;Eagle&#148;).</font></p> <p align=center><font
face="Times New Roman" size="2">WITNESSETH:</font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Employee and Eagle are parties to that certain Employment Agreement
executed September 16, 1999, as amended December 15, 1999 (the &#147;Agreement&#148;).</font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the parties mutually desire
to amend the Agreement effective August&nbsp;20, 2001 to take into account the resolutions adopted by Eagle&#146;s Board of Directors at its meeting on such date.</font></p> <p><font face="Times New Roman"
size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter contained, and for other good and valuable consideration, the parties agree as
follows:</font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term of the Agreement as referenced in Section 1 shall
be through December&nbsp;31, 2004.</font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as amended herein, the
Agreement shall remain in full force and effect.</font></p> <p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Employment Agreement effective as of the date first written above.</font></p>
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<td width=369 valign=top> <p><font face="Times New Roman" size="2">PW EAGLE, INC.</font></p> </td>
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<td width=369 valign=top> <p><font face="Times New Roman" size="2">(the &#147;<b>Company</b>&#148;)</font></p> </td>
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<td width=369 valign=top><font face="Times" size="3">&nbsp;&nbsp;</font> </td>
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<td width=369 valign=top> <p><font face="Times New Roman" size="2">By:&nbsp; <u>/s/ Larry Fleming&nbsp;&nbsp;&nbsp;</u></font></p> </td>
<td width=369 valign=top> <p><font face="Times New Roman" size="2"><u>/s/ J</u><u>ack Cobb&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p> </td> </tr>
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<td width=369 valign=top> <p><font face="Times New Roman" size="2">Its:&nbsp; President</font></p> </td>
<td width=369 valign=top> <p><font face="Times New Roman" size="2">(the &#147;<b>Employee</b>&#148;)</font></p> </td> </tr> </table> <font face="Times New Roman" size="3"><b><font size="2"> </font></b> </font>
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