EX-10.4



 Exhibit 10.4 

Disclosure Certificate delivered in connection with 

the Credit Agreement dated July 21, 2017 

Between the Loan Parties identified below and JPMorgan Chase Bank, N.A. 

Section 3.05 – 
 A. Real Properties

 The following properties are owned by the Borrowers: 

1720 East Beamer Street, Woodland, California 95776 

499 W. Esplande, San Jacinto, California 92583 

2520 By-Pass Road, Elkhart, Indiana 46514 

315 W. Skyline Road, Arkansas City, Kansas 67005 

580 Mill Street NW, Sugarcreek, Ohio 44681 

99, 80 and 77 Horseshoe Road, Leola, Pennsylvania 17540 

1023 Highway 61 NE, Lancaster, Wisconsin 53813 

550 Booth Bend Road, McMinnville, Oregon 97128 

Colvin Court, McMinnville, Oregon 97128 (undeveloped) 

1230 SW 10th Street, Ocala, Florida 34474 

The Borrowers do not lease any real property. 








	 	B.	Intellectual Property 

 Trademarks 





 







 Section 3.06 – Disclosed Matters 

Skyline Corporation has been named a defendant in Mary Hubbard et. al v. Amos Gates, Jr. et. al, Case No. 34-2014-00167568,
Superior Court of the State of California County of Sacramento. The plaintiff seeks damages for wrongful death and personal injuries after a wheel came off a Skyline Corporation manufactured home during transport resulting in a fatality and personal
injuries. Skyline Corporation acknowledges that it was the manufacturer of the home, but denies responsibility for the axle and wheel at issue, which was remanufactured by another named defendant. Skyline Corporation is contesting the claims against
it and it is seeking indemnification from the third party manufacturer. 
 Section 3.12 -Material Agreements 

Manufacturer Agreement dated March 21, 2013 by and between 21st Mortgage Corporation and Skyline Corporation 

Vendor Agreement dated February 9, 2017 by and between Wells Fargo Commercial Distribution Finance, LLC and Skyline Corporation 

Repurchase Agreement dated April 3, 2012 by and between Skyline Corporation and Northpoint Commercial Finance, LLC 

Consignment Agreement dated August 11, 2014 by and between UFP Gordon, LLC and Skyline Corporation 

Section 3.14- Insurance 
 Commercial
Property– American Home Assurance Company Policy No. 025030890 
 Commercial General Liability—Mt. Hawley Insurance Company
Policy No. SLO1000006 
 Automobile Liability – Lexington Insurance Company Policy No. AS2Z91465858017 

Umbrella Liability- Liberty Mutual Fire Insurance Policy No. 013136433 







 Primary Director & Officer/Employment Practices Liability – Great American
Insurance Company Policy No. DOL8811069 
 Director & Officer Liability- Old Republic Insurance Company Policy No. ORPOR39025 

Director & Officer Liability- XL Specialty Insurance Company Policy No. ELU147407-16 

Director & Officer Liability – Berkley Insurance Company Policy No. BPR08024527 

Director & Officer Liability- Illinois National Insurance Company Policy No. 02-646-30-74 

Fiduciary and Crime Liability- Federal Insurance Company Policy No. 8115-8169 

Section 3.15 - Capitalization and Subsidiaries 

Skyline Corporation— 8,391,244 outstanding shares of common stock; listed on NYSE MKT; Indiana Corporation 

Homette Corporation – 600 common shares owned by Skyline Corporation; Indiana corporation 

Layton Homes Corp. – 150 common shares owned by Skyline Corporation; Indiana corporation 

Skyline Homes, Inc. – 250 common shares owned by Skyline Corporation; California corporation 

The Skyline Corporation 2015 Stock Incentive Plan allows Skyline Corporation to grant a total of 700,000 common shares of Skyline Corporation
in the form of (i) incentive stock options intended to be qualified under Section 422 of the I.R.C., (ii) non-qualified stock options, (iii) restricted stock (subject to risk of forfeiture), (iv) stock appreciations rights,
and (v) restricted stock. 







 Section 3.22 - Affiliate Transactions 

Executive Employment Agreement dated June 25, 2015 between Richard Florea (CEO) and Skyline Corporation 

The Skyline Corporation 2015 Stock Incentive Plan allows Skyline Corporation to grant a total of 700,000 common shares of Skyline Corporation
in the form of (i) incentive stock options intended to be qualified under Section 422 of the I.R.C., (ii) non-qualified stock options, (iii) restricted stock (subject to risk of forfeiture), (iv) stock appreciations rights,
and (v) restricted stock. 
 Skyline Corporation has offered deferred compensation benefits to several current and former employees. The
present value of the deferred compensation benefits is approximately $5.1 million dollars. Skyline Corporation owns life insurance policies which insure the lives of individuals entitled to receive deferred compensation benefits, and the cash
surrender value of the policies is approximately $7.1 million dollars. 
 Section 6.01 - Existing Indebtedness 

None. 







 Section 6.02 - Existing Liens 

INDIANA SECRETARY OF STATE 

 

									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

					
	1.	  	200100004121152	  	07/18/2001	  	 Dell Financial Services, L.L.C.
 Mail Stop PS2DF-23
 One Dell Way
 Round
Rock, TX 78682
	  	 Lessee/Lessor
 Specific Computer
Equipment

					
	2.	  	200300001296598	  	02/11/2003	  	 NMHG Financial Services Inc.
 PO Box 35701

Billings, MT 59107-5701
	  	 Lessee/Lessor
 Specific Equipment

					
	3.	  	201300001956946	  	03/01/2013	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, California 90510
	  	Specific Equipment
					
	4.	  	201300002439882	  	03/15/2013	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	5.	  	201300004621100	  	05/17/2013	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	6.	  	201300005721576	  	06/20/2013	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	7.	  	201300006081728	  	07/02/2013	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	8.	  	201400007486284	  	09/19/2014	  	 UFP Gordon, LLC
 PO Box 31

Royer Street
 Gordon, PA 17936
	  	Lumber and building products pursuant to Consignment Agreement dated August 2014
					
	9.	  	201200007050097	  	08/01/2012	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	10.	  	201200009471036	  	10/16/2012	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	11.	  	201200010331770	  	11/12/2012	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	12.	  	201200011002372	  	12/04/2012	  	 Toyota Motor Credit Corporation
 PO Box 3457

Torrance, CA 90510
	  	Specific Equipment
					
	13.	  	201200011729934	  	12/27/2012	  	 Carlson Systems LLC
 PO Box 3036

Omaha, NE 68103
	  	Senco staplers, Senco nailers, Bostich nailers, Hitachi staplers, Duraspin Tyrex screw systems, Hitachi nailers, PAM power tool accessories, MAX nailers
					
	14.	  	201300000967967	  	01/28/2013	  	 AMS of Indiana, Inc.
 3933 E. Jackson Blvd.

Elkhart, IN 46516
	  	Specific Equipment located at: Skyline Homes TX, 606 South Second, Mansfield, TX 76063









									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

	15.	  	201500002865635	  	04/16/2015	  	 CIT Finance
 1 CIT Drive

Livingston, NJ 07039
	  	 Lease
 Specific Equipment

					
	16.	  	201600007909751	  	10/03/2016	  	 Toyota Industries Commercial Finance, Inc.
 8951
Cypress Water
 Coppell, TX 75019
	  	 Lease
 Specific Equipment


 KANSAS SECRETARY OF STATE 

 

									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

	1.	  	6001705	  	06/17/2005	  	 LaSalle Bristol Corp
 5030 Great Oak Drive

Lakeland, FL 33815
	  	 Lessor/Lessee
 Specific Equipment

					
	2.	  	7097876	  	07/21/2014	  	 LaSalle Bristol
 5030 Great Oak Dr

Lakeland, FL 33815
	  	Equipment Duct Forming Machine

 OHIO SECRETARY OF STATE 

 

									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

	1.	  	OH00098979130	  	02/21/2006	  	 LaSalle Bristol Corp
 5030 Great Oak Drive

Lakeland, FL 33815
	  	 Lessor/Lessee
 Specific Equipment

					
	2.	  	OH00178009273	  	07/21/2014	  	 LaSalle Bristol
 5030 Great Oak Dr

Lakeland, FL 33815
	  	Equipment Duct Forming Machine

 HOMETTE CORPORATION 

INDIANA SECRETARY OF STATE 

 

									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

	1.	  	201300006945181	  	07/29/2013	  	 Carlson Systems LLC
 PO Box 3036

Omaha, NE 68103
	  	Senco nailers, Duraspin Tyrex Screw systems, Senco staplers, Hitachi nailers, Bostich staplers, Interchange Brand nailers, Interchange Brand staplers, MAX nailers








 SKYLINE HOMES, INC. 

CALIFORNIA SECRETARY OF STATE 

 

									
	 	  	
FILE NUMBER                

	  	 DATE
	  	 SECURED PARTY
	  	 COLLATERAL

	1.	  	200220560268	  	07/22/2002	  	 LaSalle Bristol Corp.
 5030 Great Oak Drive

Lakeland, FL 33815
	  	Automatic Duct Forming Machine owned by Secured Party and leased to Debtor

 Section 6.04—Existing Investments 

None. 
 Section 6.10—Existing
Restrictions 
 None. 







 IN WITNESS WHEREOF, the Loan Parties have executed this Disclosure Certificate in connection with the Credit
Agreement as of the date first above written. 
  

			
	Loan Parties:
	
	SKYLINE CORPORATION
	SKYLINE HOMES, INC.
	HOMETTE CORPORATION
	LAYTON HOMES CORP.
		
	By:	 	 /s/ Jon Pilarski

	Name:	 	Jon Pilarski
	Title:	 	Vice President/Treasurer of each of the above, on behalf of each of the above