EXHIBIT 10.4

INDEMNITY AGREEMENT

This Indemnity Agreement (this “Agreement”) is made and entered into as of
August 29, 2014, by and among NN, Inc., a Delaware corporation (“Buyer”) and all
of the shareholders as set forth on the signature page hereto (the
“Shareholders”) of Autocam Corporation, Inc., a Michigan corporation (the
“Company”). Buyer and the Shareholders are each referred to herein as a “Party”
and, collectively, as the “Parties.”

RECITALS

WHEREAS, the Shareholders own 100% of the capital stock of the Company;

WHEREAS, Company and Buyer are parties to that certain Merger Agreement, dated
as of July 18, 2014, pursuant to which Company has agreed to merge with a wholly
owned subsidiary of the Buyer; and

WHEREAS, it is a condition precedent to Closing under the Merger Agreement that
the Parties enter into this Agreement.

NOW, THEREFORE, in consideration of the premises and the mutual representations,
warranties, covenants and agreements set forth in this Agreement, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

ARTICLE I

EFFECTIVE DATE; DEFINED TERMS

Section 1.1. Effective Date. Notwithstanding anything in this Agreement to the
contrary, the Parties acknowledge and agree that all of the obligations of each
Party hereunder shall not be effective or otherwise binding on such Party unless
and until the Closing under the Merger Agreement occurs. In the event that the
Merger Agreement is terminated prior to the Closing, this Agreement shall
immediately terminate and be of no further force or effect upon the termination
of the Merger Agreement, without further action by any Party.

Section 1.2. Defined Terms. Capitalized terms not otherwise defined herein shall
have the meanings ascribed to them in the Merger Agreement.

ARTICLE II

INDEMNIFICATION AND WAIVER

Section 2.1. Indemnification.

(a) After the Closing, if Losses indemnifiable by the Shareholders pursuant to
Article VIII of the Merger Agreement exceed the then-current balance of the
Escrow Fund (valued at the Agreed Stock Value for each Kennedy Share held
therein), each Shareholder, severally, and not jointly, in proportion to their
Pro-Rata Share, agrees to indemnify and hold harmless the Buyer Indemnified
Parties for such excess Losses in accordance with Section 8.05(a) of the Merger
Agreement and subject to the limitations set forth in Article VIII of the Merger
Agreement.

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(b) To the extent Losses indemnifiable by the Shareholders pursuant to Article
VIII of the Merger Agreement exceed the then-current balance of the Escrow Fund
(valued at the Agreed Stock Value for each Kennedy Share held therein), the
Buyer Indemnified Party will deliver a Claims Notice to the Shareholder
Representatives, on behalf of the Shareholders, promptly upon its discovery of
any matter for which the Shareholders may be liable to the Buyer Indemnified
Party under the Merger Agreement that does not involve a Third Party Claim,
which Claims Notice shall (i) describe such claim in reasonable detail and state
the amount or estimated amount of Losses, (ii) state that the Buyer Indemnified
Party has paid or properly accrued Losses or anticipates in good faith that it
will incur liability for Losses for which such Buyer Indemnified Party is
entitled to indemnification pursuant to the Merger Agreement and (iii) if paid
or accrued, state the date such item was paid or accrued. The Buyer Indemnified
Party shall reasonably cooperate and assist the Shareholders in determining the
validity of any claim for indemnity by the Buyer Indemnified Party and in
otherwise resolving such matters. Such assistance and cooperation shall include
providing reasonable access to and copies of information, records and documents
relating to such matters, furnishing employees to assist in the investigation,
defense and resolution of such matters and providing legal and business
assistance with respect to such matters. The Party requesting assistance shall
pay the reasonable, out-of-pocket expenses of all Persons providing such
assistance.

(c) Upon the agreement by the Shareholder Representatives and the Buyer
Indemnified Party or as finally determined by a court of competent jurisdiction
(a “Judgment”) in respect of any Claims Notice, if Losses indemnifiable by the
Shareholders pursuant to the Merger Agreement exceed the then-current balance of
the Escrow Fund (valued at the Agreed Stock Value for each Kennedy Share held
therein), each Shareholder shall pay to Buyer his or its Pro Rata Share of such
excess Losses payable in accordance with such agreement or such Judgment,
subject to the limitations set forth in Article VIII of the Merger Agreement,
and pursuant to Section 8.08 of the Merger Agreement. Nothing in the Agreement
shall require the Buyer to provide a Claims Notice or request indemnification
from any specific Shareholder or all Shareholders with respect to a specific
Claims Notice.

(d) In the event that Buyer claims indemnification under the Merger Agreement
and this Section 2.1 relating to a Third Party Claim, the Parties shall apply
the procedures set forth in Section 8.06 of the Merger Agreement.

(e) Notwithstanding anything to the contrary in this Agreement or the Merger
Agreement, in the event any Losses payable to a Buyer Indemnified Party pursuant
to Article VIII of the Merger Agreement exceed the then-current balance of the
Escrow Fund (valued at the Agreed Stock Value for each Kennedy Share held
therein), Kennedy shall have the right, in his sole discretion, to satisfy his
Pro-Rata Share of any such Losses by transferring to the Buyer Indemnified Party
ownership of such portion of the Kennedy Shares (valued at the Agreed Stock
Value for each Kennedy Share) equal in value to his Pro-Rata Share of any such
Losses. Kennedy and the Buyer will promptly provide the necessary instructions
to the Buyer’s transfer agent for the transfer of such Kennedy Shares.

 

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Section 2.2. Waiver and Existing Shareholder Agreement. The undersigned
Shareholders each hereby waive all rights under and with respect to the Existing
Shareholder Agreement and agree that as of the Closing Date, the Existing
Shareholder Agreement shall be terminated and be of no further force and effect.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS AND BUYER

Each Shareholder hereby represents and warrants to Buyer, and Buyer hereby
represents and warrants to each Shareholder, as follows:

Section 3.1. Organization and Authority; Binding Obligations. Such Party, if an
entity, is a company duly organized and validly existing under the laws of its
jurisdiction of formation. Such Party has all necessary power and authority to
execute and deliver this Agreement, to perform its obligations hereunder and to
consummate the transactions contemplated hereby. This Agreement has been duly
authorized, executed and delivered by such Party and, assuming this Agreement
constitutes the valid and binding obligations of the other Parties hereto,
constitutes its valid and binding obligation, enforceable against it in
accordance with its terms, subject, as to enforceability of remedies, to
limitations imposed by bankruptcy, insolvency, reorganization, moratorium or
other similar laws relating to or affecting the enforcement of creditors’ rights
generally and to general principles of equity.

Section 3.2. Non-Contravention; Consents. Neither the execution and delivery by
such Party of this Agreement, nor the performance by such Party of its
obligations hereunder conflicts with or will result in a breach of the
organizational documents of such Party, if an entity, or of any applicable law
or regulation, or any order, writ, injunction or decree of any court or
governmental authority or agency, or any agreement or instrument to which it is
a party or by which it is bound or to which it is subject, or constitute a
default under any such agreement or instrument. All corporate or similar company
action required to authorize the execution, delivery and performance of this
Agreement by such Party have been duly obtained and are in full force and
effect.

Section 3.3. Certain Actions and Proceedings. There are no pending or, to such
Party’s knowledge, threatened actions, suits or proceedings against such Party
or affecting it or its properties before or by any court or administrative
agency which, if adversely determined, would adversely affect its ability to
perform its obligations under this Agreement.

ARTICLE IV

MISCELLANEOUS

Section 4.1. Entire Agreement. Except for the provisions of the Merger Agreement
and the Escrow Agreement, this Agreement constitutes the entire agreement and
understanding between the Parties with respect to the subject matter hereof.
Nothing herein shall be deemed to supersede, amend or modify the Merger
Agreement or Escrow Agreement.

Section 4.2. Amendment. This Agreement may be amended, supplemented or modified
only by a written instrument duly executed by or on behalf of each Party.

 

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Section 4.3. Assignment; Successors and Assigns. This Agreement may not be
assigned by any Party without the prior written consent of the other Party, and
any attempt to do so will be void. This Agreement is binding upon, inures to the
benefit of and is enforceable by the Parties and their respective successors and
assigns.

Section 4.4. Headings. The headings used in this Agreement have been inserted
for convenience of reference only and do not define or limit the provisions
hereof.

Section 4.5. Invalid Provisions. If any provision of this Agreement other than
Section 1.1 is held to be illegal, invalid or unenforceable under any present or
future Law, and if the rights or obligations of any Party under this Agreement
will not be materially and adversely affected thereby and such provision will be
fully severable, this Agreement will be construed and enforced as if such
illegal, invalid or unenforceable provision had never comprised a part hereof,
and the remaining provisions of this Agreement will remain in full force and
effect and will not be affected by the illegal, invalid or unenforceable
provision or by its severance herefrom and in lieu of such illegal, invalid or
unenforceable provision, there will be added automatically as a part of this
Agreement a legal, valid and enforceable provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible.

Section 4.6. Counterparts; Facsimile/PDF. This Agreement may be executed in any
number of counterparts, each of which will be deemed an original, but all of
which together will constitute one and the same instrument. This Agreement, and
any amendments hereto or, to the extent signed and delivered by means of a
facsimile machine or electronic transmission in portable document format (pdf),
shall be treated in all manner and respects as an original and shall be
considered to have the same binding legal effects as if it were the original
signed version thereof delivered in person. At the request of any Party, each
other Party shall re-execute original forms thereof and deliver them to the
other Party.

Section 4.7. Governing Law; Venue and Jurisdiction.

(a) This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Delaware without giving effect to any choice or
conflict of law provision or rule (whether of the State of Delaware or any other
jurisdiction).

(b) All actions or proceedings arising in connection with this Agreement shall
be tried and litigated exclusively the Court of Chancery of the state of
Delaware (unless the Court of Chancery of the state of Delaware declines to
accept jurisdiction over a particular matter, in which case any state or federal
court in the state of Delaware). The aforementioned choice of venue is intended
by the Parties to be mandatory and not permissive in nature, thereby precluding
the possibility of litigation between the Parties with respect to or arising out
of this Agreement in any jurisdiction other than that specified in this
paragraph. Each Party hereby waives any right it may have to assert the doctrine
of forum non conveniens or similar doctrine or to object to venue with respect
to any proceeding brought in accordance with this paragraph, and stipulates that
the Court of Chancery of the state of Delaware (unless the Court of Chancery of
the state of Delaware declines to accept jurisdiction over a particular matter,
in which case any state or federal court in the state of Delaware) shall have in
personam jurisdiction over each of them for the purpose of litigating any such
dispute, controversy or proceeding. Each Party

 

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hereby irrevocably waives all right to trial by jury in any action, proceeding
or counterclaim (whether based on contract, tort or otherwise) arising out of or
relating to this Agreement or the actions of such Party in the negotiation,
administration, performance and enforcement hereof.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, this Agreement has been executed and delivered by the duly
authorized officer of each Party as of the date first written above.

 

NN, INC.

/s/ James H. Dorton

Name:   James H. Dorton Title:   Senior Vice President of Corporate Development
and Chief Financial Officer

Signature Page of NN, Inc. to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ John C. Kennedy

John C. Kennedy

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of John C. Kennedy to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

NEWPORT GLOBAL OPPORTUNITIES FUND, L.P. By:   NEWPORT GLOBAL ADVISORS, L.P. By:
 

/s/ Ryan Langdon

  Ryan Langdon   Its:   Sr. Managing Director

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Newport Global to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ John R. Buchan

John R. Buchan

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of John R. Buchan to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Eduardo Renner de Castilho

Eduardo Renner de Castilho

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Eduardo Renner de Castilho to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Michael J. Clay

Michael J. Clay

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Michael J. Clay to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Karl P. Cooper

Karl P. Cooper

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Karl P. Cooper to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Robert W. Fraser

Robert W. Fraser

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Robert W. Fraser to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Edward W. Hekman

Edward W. Hekman

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Edward W. Hekman to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Thomas K. O’Mara

Thomas K. O’Mara

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Thomas K. O’Mara to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Gregory L. Parker

Gregory L. Parker

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Gregory L. Parker to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Chris Qualters

Chris Qualters

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Chris Qualters to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Mark R. Scott

Mark R. Scott

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Mark R. Scott to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Brian L. Simon

Brian L. Simon

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Brian L. Simon to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Fabien Trincat

Fabien Trincat

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Fabien Trincat to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Mike VandeVusse

Mike VandeVusse

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Mike VandeVusse to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Warren A. Veltman

Warren A. Veltman

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Warren A. Veltman to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Paul Slagh

Rising Tide Capital, LLC   By:   Paul Slagh   Its Sole Manager

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Paul Slagh to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ David P. Tomick

David P. Tomick Revocable Trust   By:   David P. Tomick   Its Sole Trustee

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of David P. Tomick to Indemnity Agreement

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IN WITNESS WHEREOF the undersigned has executed this Agreement as a
“Shareholder” as of the date first written above.

 

/s/ Michael Mainelli

Michael Mainelli Revocable Trust   By:   Michael Mainelli   Its Sole Trustee

 

Address:  

 

 

 

Telephone Number:  

 

Signature Page of Michael Mainelli to Indemnity Agreement