Effective as of December 14, 2018

PGIM, Inc.
c/o Prudential Capital Group Two Prudential Plaza
180 N. Stetson Avenue Suite 5600
Chicago, IL 60601
Attention: Managing Director, Corporate Finance

Re:    Fourth Amended and Restated Note Purchase and Private Shelf Agreement

Ladies and Gentlemen:

Reference is made to that certain Fourth Amended and Restated Note Purchase and
Private Shelf Agreement, dated as of April 27, 2016, as amended by that certain
letter agreement dated as of March 30, 2017 (as so amended, the “Shelf
Agreement”), by and among Lippert Components, Inc., a Delaware corporation (the
“Issuer”), LCI Industries, a Delaware corporation, formally known as “Drew
Industries Incorporated” (the “Parent” and, together with the Issuer,
collectively, the “Obligors”), PGIM, Inc. (“Prudential”), and each of the
purchasers of Series A Notes (as defined below) named on the Purchaser Schedule
thereto (collectively, the “Noteholders”), pursuant to which, inter alia, the
Issuer issued $50,000,000 aggregate principal amount of its 3.35% Series A
Senior Notes due March 20, 2020 (the “Series A Notes”) and authorized the
issuance of additional senior promissory notes (the “Shelf Notes”, together with
the Series A Notes, collectively, the “Notes”) as therein provided. Capitalized
terms used herein but not defined herein have the meanings ascribed to such
terms in the Shelf Agreement.

The Obligors intend to enter into an amendment and restatement of the Bank
Credit Agreement, dated on or about the date of this letter agreement (the “Bank
Restatement”), which materially amends the Bank Credit Agreement.

Pursuant to Paragraph 6O(ii) of the Shelf Agreement, the Obligors may not amend
the Bank Credit Agreement in any material respect without obtaining the prior
written consent of the Required Holders.

The Obligors have requested that Prudential and the Noteholders (i) provide
written consent to the Bank Restatement and the release of certain Subsidiary
Guarantors being released simultaneously under the Bank Restatement, and (ii)
make certain amendments to the Shelf Agreement in connection therewith and,
subject to the terms and conditions of this letter agreement, Prudential and the
Noteholders have agreed to such consent and amendment.

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For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, from and after the Effective Date, (a) clause (ii) of
paragraph 6D of the Shelf Agreement is hereby amended and restated in its
entirety to read as follows: “(ii)     Indebtedness of a Loan Party (as defined
in the Bank Credit Agreement) in respect of amounts outstanding (including all
amounts due, contingently or otherwise, in respect of reimbursement obligations
under letters of credit or similar instruments and all related reimbursement
agreements) under the Bank Credit Documents, not in excess of the result of (A)
$600,000,000 (subject to further increase of up to $300,000,000 pursuant to
Section 2.04 of the Bank Credit Agreement so long as no Event of Default is
continuing at the time of any such increase), minus (B) the aggregate amount of
any permanent reductions in the principal amount of the commitments under the
revolving credit facility established thereunder and Indebtedness incurred in
substitution, refinancing or replacement of such Indebtedness; provided that (i)
the terms, covenants and restrictions in respect of such substitutions,
refinancings and replacements are not more materially onerous than the existing
terms, covenants and restrictions of such Indebtedness being substituted,
refinanced or replaced and (ii) the aggregate principal amount of the
Indebtedness of the Loan Parties (as defined in the Bank Credit Agreement) under
this clause (ii) shall not at any time exceed $900,000,000;” and (b) the
definition of “Bank Credit Agreement” in paragraph 10B of the Shelf Agreement
shall be amended and restated in its entirety to read as follows: “‘Bank Credit
Agreement’ shall mean that certain Fourth Amended and Restated Credit Agreement,
dated as of December 14, 2018, by and among the Obligors, the other borrowers
party thereto from time to time, the Bank Lenders and JPMorgan Chase Bank, N.A.,
as administrative agent for the Bank Lenders.”

Additionally, notwithstanding anything to the contrary contained in the Shelf
Agreement, Prudential and the Noteholders hereby consent, effective as of the
Effective Date, to (i) the amendments set forth in the Bank Restatement and (ii)
the release of the Subsidiaries set forth on Exhibit A attached hereto as
Subsidiary Guarantors under the Shelf Agreement, and agree that such
Subsidiaries are hereby released from their obligations as Subsidiary Guarantors
under the Shelf Agreement and the other Transaction Documents; provided that,
the execution and delivery of this letter agreement shall in no event be deemed
(a) to establish a course of dealing between Prudential or any Noteholder, on
the one hand, and any Obligor, on the other hand, (b) to imply that, except as
expressly set out herein, any Noteholder would (or is obligated to) agree to any
further amendment to the Bank Credit Agreement, the Shelf Agreement or any
related document, or (c) to constitute any evaluation or endorsement by
Prudential or any Noteholder of the efficacy to the Company or any other Person
of such amendments.

Each Credit Party hereby confirms, ratifies and agrees that the Transaction
Documents executed by it and/or its predecessors continue to be valid and
enforceable against it in accordance with their respective terms as of the date
hereof subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity
or at law. Without limiting the generality of the foregoing, (a) the Parent
acknowledges and affirms that nothing contained in this letter agreement shall
modify in any respect its guarantee of the Obligations (as such term is defined
in the Parent Guaranty) under the Parent Guaranty and reaffirms that the Parent
Guaranty shall remain in full force and effect, and (b) each of the undersigned
Subsidiary Guarantors acknowledges and affirms that nothing contained in this
letter

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agreement shall modify in any respect its guarantee of the Obligations (as such
term is defined in the Subsidiary Guaranty) under the Subsidiary Guaranty and
reaffirms that the Subsidiary Guaranty shall remain in full force and effect
subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity
or at law.

Each Credit Party, by its signature below, represents and warrants that there
exist no Defaults or Events of Default under the Transaction Documents, that the
Transaction Documents are in full force and effect, that such Credit Party does
not have any defenses to its obligations under the Transaction Documents to
which it is a party nor any claims against Prudential or any Noteholder, that
the representations and warranties, as modified pursuant to this letter
agreement, of (i) the Issuer set forth in paragraph 8 of the Shelf Agreement,
(ii) the Parent set forth in paragraph 3.01 of the Parent Guaranty and (iii)
each Subsidiary Guarantor set forth in paragraph 3.01 of the Subsidiary
Guaranty, in each case, are true and correct in all material respects (except to
the extent any such representation and warranty is qualified by materiality,
“Material Adverse Effect” or similar qualifier, in which case, it shall, when
repeated, be deemed to be true and correct in all respects) on the date hereof
as if originally made by such Credit Party on and as of the date hereof, except
to the extent that any such representations or warranties speak as of an earlier
date, in which case they shall be true and correct as of such earlier date.

This letter agreement shall become effective only at such time (the “Effective
Date”) as this letter agreement shall have been fully executed by each Credit
Party, Prudential and the Noteholders.

This letter agreement shall be construed in connection with and as part of the
Shelf Agreement, and except as modified and expressly amended by this letter
agreement, all terms, conditions and covenants contained in the Shelf Agreement
are hereby ratified and shall be and remain in full force and effect. Any and
all notices, requests, certificates and other instruments executed and delivered
after the execution and delivery of this letter agreement may refer to the Shelf
Agreement without making specific reference to this letter agreement but
nevertheless all such references shall be deemed to include this letter
agreement unless the context otherwise requires. This letter agreement shall be
governed by and construed in accordance with the laws of the State of New York,
and this letter agreement may not be amended except by a writing signed by the
parties hereto.

This letter agreement may be executed by one or more of the parties to the
letter agreement on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart of this letter agreement by
telefacsimile or e-mail shall be equally as effective as delivery of a manually
executed counterpart hereof. Any party delivering an executed counterpart of
this letter agreement by telefacsimile or e-mail shall also deliver a manually
executed counterpart hereof, but the failure to deliver a manually executed
counterpart shall not affect the validity, enforceability, or binding effect of
this letter agreement.

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Very truly yours,

[Signature pages follow]

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ISSUER:

LIPPERT COMPONENTS, INC.,
 
By:

 
Name: Brian M. Hall
Title: Chief Financial Officer

PARENT:

LCI INDUSTRIES
 
By:

 
Name: Brian M. Hall
Title: Chief Financial Officer

SUBSIDIARY GUARANTORS (immediately after giving effect to the consent granted
herein on the Effective Date):

LIPPERT COMPONENTS MANUFACTURING, INC. TAYLOR MADE GROUP, LLC
INNOVATIVE DESIGN SOLUTIONS, INC. LCI SERVICE CORP.

By:

 
Name: Brian M. Hall
Title: Chief Financial Officer

[Signature Page to Consent and Second Amendment to Fourth A&R NPA - LCI
Industries]
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Accepted and Agreed:

PGIM,INC.

By:                        
Name:
Title:

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

By:                        
Name:
Title:

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY

By:    PGIM, Inc.
(as Investment Manager)

By:                        
Name:
Title:

FARMERS INSURANCE EXCHANGE MID CENTURY INSURANCE COMPANY
ZURICH AMERICAN INSURANCE COMPANY

By:    Prudential Private Placement Investors,
L.P. (as Investment Advisor)

By:    Prudential Private Placement Investors, Inc.

By:                        
Name:
Title:

[Signature Page to Consent and Second Amendment to Fourth A&R NPA - LCI
Industries]
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Exhibit A

SUBSIDIARY GUARANTORS BEING RELEASED

KINRO TEXAS, INC.
KM REALTY, LLC
KM REALTY II, LLC
LCI IDAHO REALTY, LLC
LCI IDAHO REALTY II, LLC
LCI TRANSIT CORP.
LCM REALTY, LLC
LCM REALTY II, LLC
LCM REALTY III, LLC
LCM REALTY IV, LLC
LCM REALTY V, LLC
LCM REALTY VI, LLC
LCM REALTY VII, LLC
LCM REALTY VIII, LLC
LCM REALTY IX, LLC
LCM REALTY X, LLC
LCM REALTY XI, LLC
LCM REALTY XII, LLC
LIPPERT COMPONENTS INTERNATIONAL SALES, INC.
DSI ACQUISITION CORP.
TAYLOR MADE CREDIT, LLC
ZIEMAN MANUFACTURING COMPANY

Exhibit A-1
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