Document:

EX-10.3

 Exhibit 10.3 

AMENDED AND RESTATED 

COORDINATION AGREEMENT 
 by and
among 
 BAIN CAPITAL CREDIT, 

CENTERBRIDGE PARTNERS, 
 and 

MAK CHAMPION INVESTMENT, LLC 

Dated as of May 31, 2018 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
	 1.
	 	 Effectiveness; Definitions
	  	 	2	 
		 	 1.1.
	  	 Effectiveness
	  	 	2	 
		 	 1.2.
	  	 Definitions
	  	 	2	 
			
	 2.
	 	 General Cooperation; Agreements
	  	 	2	 
		 	 2.1.
	  	 Cooperation
	  	 	2	 
		 	 2.2.
	  	 Transfers
	  	 	2	 
		 	 (f)
	  	 Permitted Rule 144 Transfers
	  	 	7	 
		 	 (g)
	  	 Restrictions on Transfers to Strategic Investors
	  	 	8	 
		 	 2.3.
	  	 Coordination Agreement
	  	 	9	 
		 	 2.4.
	  	 Exercise of Registration Rights
	  	 	9	 
		 	 2.5.
	  	 Voting
	  	 	10	 
		 	 2.6.
	  	 Charitable Transfer
	  	 	11	 
			
	 3.
	 	 Board Matters
	  	 	11	 
		 	 3.1.
	  	 Initial Board Composition
	  	 	11	 
		 	 3.2.
	  	 Subsequent Board Compositions
	  	 	11	 
		 	 3.3.
	  	 Removal and Replacement; Vacancies
	  	 	12	 
		 	 3.4.
	  	 Audit Committee
	  	 	13	 
			
	 4.
	 	 [Reserved]
	  	 	13	 
			
	 5.
	 	 Remedies
	  	 	13	 
			
	 6.
	 	 Assignment of Rights
	  	 	13	 
		 	 6.1.
	  	 Assignment
	  	 	13	 
		 	 6.2.
	  	 Requirements
	  	 	14	 
			
	 7.
	 	 Amendment, Termination, Etc.
	  	 	14	 
		 	 7.1.
	  	 Written Modifications
	  	 	14	 
		 	 7.2.
	  	 Termination
	  	 	14	 
		 	 7.3.
	  	 Effect of Termination
	  	 	14	 
			
	 8.
	 	 Definitions
	  	 	14	 
		 	 8.1.
	  	 Certain Matters of Construction
	  	 	14	 
		 	 8.2.
	  	 Definitions
	  	 	15	 
			
	 9.
	 	 Miscellaneous
	  	 	18	 
		 	 9.1.
	  	 Authority; Effect
	  	 	18	 
		 	 9.2.
	  	 Notices
	  	 	18	 
		 	 9.3.
	  	 Binding Effect, Etc.
	  	 	19	 
		 	 9.4.
	  	 Descriptive Heading
	  	 	20	 
		 	 9.5.
	  	 Counterparts
	  	 	20	 
		 	 9.6.
	  	 Severability
	  	 	20	 
		 	 9.7.
	  	 No Recourse
	  	 	20	 
			
	 10.
	 	 Confidentiality
	  	 	20	 
		 	 10.1.
	  	 General
	  	 	20	 
		 	 10.2.
	  	 Disclosure to Governmental Bodies
	  	 	21	 
			
	 11.
	 	 Governing Law; Jurisdiction, Etc.
	  	 	21	 
		 	 11.1.
	  	 Governing Law; Venue
	  	 	21	 
		 	 11.2.
	  	 Exercise of Rights and Remedies
	  	 	22	 

  
 - i - 

 AMENDED AND RESTATED COORDINATION AGREEMENT 

This AMENDED AND RESTATED COORDINATION AGREEMENT (the “Agreement”) dated as of May 31, 2018, by and among: 

 

	 	(i)	Sankaty Champion Holdings, LLC, a Delaware limited liability company (“SCH”), Sankaty Credit Opportunities IV, L.P., a Delaware limited partnership (together with SCH and their successors and permitted
assigns, “Bain Capital Credit”); 

  

	 	(ii)	Centerbridge Capital Partners, L.P., a Delaware limited partnership (“CCP”), Centerbridge Capital Partners Strategic, L.P., a Delaware limited partnership (“CCPS”), Centerbridge Capital
Partners SBS, L.P., a Delaware limited partnership (“CCP SBS”) and CCP Champion Investors, LLC, a Delaware limited liability company (“CCPCI” and, together with CCP, CCPS and CC SBS and their successors and
permitted assigns, “Centerbridge Partners”); and 

  

	 	(iii)	MAK Champion Investment LLC, a Delaware limited liability company (“MAK Champion”) and MAK-ro Capital Master Fund LP, a Cayman Islands limited partnership
(together with MAK Champion and their successors and permitted assigns, “MAK” and, together with Bain Capital Credit and Centerbridge Partners, the “Investors”). 

RECITALS 
 A.
WHEREAS, Skyline Corporation, an Indiana corporation (the “Company”) and Champion Enterprises Holdings, LLC, a Delaware limited liability company (the “Contributor”) have entered into that certain Share
Contribution & Exchange Agreement dated as of January 5, 2018 (the “Exchange Agreement”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, the Contributor agreed to
contribute all of the issued and outstanding shares of (i) capital stock of CHB International B.V., a Dutch corporation and (ii) capital stock of Champion Home Builders, Inc., a Delaware corporation, to Company, and in exchange, the
Company agreed to issue the Exchange Shares (as defined in the Exchange Agreement) (such transaction, the “Exchange”); 
 B.
WHEREAS, the Original Investors are each party to that certain Coordination Agreement, dated as of January 5, 2018 (the “Original Agreement”); 

C. WHEREAS, each of the Original Investors desires to amend and restate the Original Agreement in its entirety upon the terms and conditions
stated herein; 
 D. WHEREAS, upon the consummation of the Exchange (the “Closing”), the Contributor or its members will
hold the Exchange Shares and, in the event the Exchange Shares are issued to the Contributor upon the consummation of the Exchange, it is intended that the Exchange Shares held by the Contributor at the Closing will be distributed to, inter
alia, the Investors; 
 E. WHEREAS, the Investors are the owners of the majority of the outstanding limited liability company interests
of the Contributor; 
 F. WHEREAS, the Company is contemplating an Initial Offering following the Closing; and 

G. WHEREAS, the Investors desire to set forth their agreements regarding certain matters, including coordination following the Closing of
certain actions with respect to the Exchange Shares. 

 NOW THEREFORE, in consideration of the mutual covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 AGREEMENT

  

	 	1.	Effectiveness; Definitions. 

 1.1. Effectiveness. This Agreement shall be deemed
effective as of January 5, 2018. 
 1.2. Definitions. Certain terms are used in this Agreement as specifically defined herein.
These definitions are set forth or referred to in Section 8. 
  

	 	2.	General Cooperation; Agreements. 

 2.1. Cooperation. Each Investor agrees to
cooperate fully with each other Investor to execute and deliver such further documents, certificates, agreements and instruments and to take such other actions as may be reasonably necessary or advisable under this Agreement and applicable legal
requirements to consummate and make effective the transactions hereunder and to evidence or reflect the transactions contemplated by this Section 2 and to carry out the intent and purposes of this
Section 2. 
 2.2. Transfers. 

(a) Permitted Transfers. From the Closing or, the Distribution if the Exchange Shares are issued to the Contributor,
until immediately prior to the closing of the Initial Offering, no Transfer of Shares by an Investor shall be permitted, other than the following Transfers, each of which are subject to the provisions of this Section 2.2
and Section 6: 
 (i) Any Transfer by an Investor to one or more Permitted Transferees pursuant to
the terms of this Agreement; 
 (ii) Any Transfer by an Investor made in accordance with
Section 2.2(c) and Section 2.2(d); and 
 (iii) Any Transfer by an
Investor to another Investor with the prior written approval of each other Investor. 
 (b) Terms of Transfer and
Securities Law Compliance. 
 (i) No Investor shall effect any Transfer of Shares unless such Transfer is made pursuant
to an effective registration statement under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and, in either case, in compliance with all applicable state
securities laws. 
 (ii) From the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, and
until such time as such Shares have been sold to the public pursuant to an effective registration statement under the Securities Act or pursuant to an exemption from such registration, all certificates (if any) representing Shares that are held by
any Investor shall bear a legend which shall state the following: 

  
 -2- 

 “THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND NO INTEREST HEREIN MAY BE SOLD, OFFERED, ASSIGNED, DISTRIBUTED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING ANY SUCH TRANSACTION OR (B) THE
COMPANY RECEIVES AN OPINION IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH TRANSACTION IS EXEMPT FROM SUCH REGISTRATION AND IN COMPLIANCE WITH ALL APPLICABLE STATE
SECURITIES LAWS OR (C) THE COMPANY AND ITS COUNSEL ARE OTHERWISE SATISFIED THAT SUCH TRANSACTION IS EXEMPT FROM SUCH REGISTRATION AND IN COMPLIANCE WITH ALL STATE SECURITIES LAWS.” 

(iii) Any proposed Transfer by an Investor of all or a part of its Shares shall be subject to the restrictions on Transfer set
forth in this Section 2.2. Any such Transfer under this Section 2.2 shall be permitted only if the transferee agrees (in a writing or writings in form and substance satisfactory to the board of
managers of the Contributor (the “Contributor Board” and each such person, a “Manager”)) to be bound by the obligations set forth in this Agreement to the same extent as the transferor. 

(iv) Any attempted Transfer of Shares in violation of the provisions of this Agreement shall be null and void ab initio
and of no effect. 
 (c) Right of First Offer. 

(i) If, at any time prior to the consummation of the Initial Offering, an Investor wishes to Transfer any Shares (“ROFO
Offered Shares”) to any Person (other than in a Transfer to a Permitted Transferee), such Investor must first comply with the process described in this Section 2.2(c) (the “ROFO Process”) by
offering such ROFO Offered Shares to each other Investor pursuant to the ROFO Process (such offer, a “ROFO Offer”). 

(ii) An Investor intending to initiate the ROFO Process (a “ROFO Transferor”) must provide written notice to
each other Investor of such intent (the “ROFO Offer Notice”), which ROFO Offer Notice shall include an offer to sell ROFO Offered Shares to each other Investor (the “ROFO Offerees”) and shall specify the number of
ROFO Offered Shares proposed to be sold, the terms and conditions of the proposed sale, including the proposed sale price (the “Specified Price”) and a reasonably detailed description of any other material terms and conditions or
material facts relating to the proposed sale. The ROFO Transferor shall provide to the ROFO Offerees promptly all such other information relating to the ROFO Offered Shares and the proposed sale as they may reasonably request. 

(iii) Each ROFO Offeree shall have the right, exercisable within ten (10) days of delivery to it of the ROFO Offer Notice
by the ROFO Transferor (the “ROFO Period”) to accept a ROFO Offer by accepting for purchase up to a number of such ROFO Offered Shares pro rata based on ROFO Offeree’s percentage ownership of Exchange Shares held by all
ROFO Offerees and their Affiliates at the time of such ROFO Offer (such number of ROFO Offered Shares allocated for a ROFO Offeree’s right to accept a ROFO 

  
 -3- 

 
Offer, the “Allotted ROFO Shares”) and also to accept for purchase all or a portion of such ROFO Offered Shares that have not been accepted for purchase by each other ROFO
Offeree (such election to purchase a number of Shares more than the Allotted ROFO Shares, the “Over-Allotment Election”). If more than one ROFO Offeree makes an Over-Allotment Election (the aggregate amount of Shares elected to be
purchased under an Over-Allotment Election, the “Aggregate Over-Allotted Shares”) such that the Aggregate Over-Allotted Shares exceeds the actual number of remaining ROFO Offered Shares for purchase, then each ROFO Offeree that made
an Over-Allotment Election shall be allocated a number of Shares from the number of Aggregate Over-Allotted Shares pro rata among all ROFO Offerees based on each such ROFO Offeree’s Over-Allotment Election. The ROFO Offeree(s) that
accept such ROFO Offer within the ROFO Period (the “Purchasing ROFO Offerees”) shall acquire such ROFO Offered Shares within forty-five (45) days of the end of the ROFO Period, which forty-five (45) day period shall be
extended to up to a sixty (60) day period to the extent reasonably required to comply with any applicable HSR Act or other regulatory requirements. 

(iv) If the ROFO Offerees do not collectively accept the ROFO Offer made by the ROFO Transferor with respect to all of the ROFO
Offered Shares within the ROFO Period, then the ROFO Transferor shall have the right, for a period of ninety (90) days after the termination of the ROFO Period or any earlier rejection of the ROFO Offer by all ROFO Offerees, to sell the
remaining ROFO Offered Shares at a net price (taking into account any fees, purchase discounts or other consideration) not less than the Specified Price, and on other terms and conditions not more favorable to the transferee(s) in any material
respect than the terms set forth in the ROFO Offer Notice, to transferee(s) who agree (in a writing or writings in form and substance satisfactory to the other Investors) to be bound by this Agreement to the same extent as the transferor. Any ROFO
Offered Shares not sold within such ninety (90) day period shall again be subject to the requirements of this Section 2.2(c) in connection with any subsequent sale. 

(v) For purposes of this Section 2.2(c), each ROFO Offeree may elect to purchase ROFO Offered Shares
either directly or through one or more Affiliated Funds or Affiliates. Any proration and other calculations for each ROFO Offeree and its respective Affiliated Funds and Affiliates shall be made on a basis that aggregates the Shares held by each
ROFO Offeree with the Shares held by such ROFO Offeree’s Affiliated Funds and Affiliates. 
 (vi) For the avoidance of
doubt, notwithstanding the foregoing, this Section 2.2(c) does not apply to any Transfer by any Investor in connection with a transaction approved by the Board of the Company in which each Investor has a right to participate on the same terms
and that, as a result of the consummation of such transaction (either by any consolidation or merger of the Company with or into any other entity or any other transaction), holders of Company Common Shares immediately prior to such transaction would
no longer own Company Common Shares representing a majority of the voting power of the Company or other surviving entity. 

(d) Tag-Along Rights. 

(i) Prior to an Initial Offering, subject to first complying with the Right of First Offer provisions of
Section 2.2(c) (if applicable), an Investor may Transfer its Exchange Shares to any other Person provided that, if such Transfer is to a person who is not a Permitted Transferee of such Investor, such Investor provides each
other Investor an 

  
 -4- 

 
opportunity to participate on a pro rata basis, on equivalent terms and conditions, in such Transfer as described in this Section 2.2(d). With respect to any such
proposed Transfer prior to any Initial Offering (other than a Transfer to a Permitted Transferee) by an Investor (or by any Affiliated Fund or Affiliate of such Investor) (each, a “Selling Investor”) of the Exchange Shares to any
Person other than to such Selling Investor’s Permitted Transferee (any such Transfer, a “Proposed Sale”), each other Investor who exercises its rights under this Section 2.2(d) (each a
“Tagging Investor”) shall have the right to include in the Proposed Sale to the proposed transferee(s) (the “Proposed Transferee”) on the same terms and conditions as applicable to the sale of Exchange Shares in the
Proposed Sale a number of its own Exchange Shares not to exceed (x) the aggregate number of Exchange Shares held by the Tagging Investor and Permitted Transferees multiplied by (y) a fraction of which the numerator is the number of
Exchange Shares of the Selling Investor proposed to be included in the Proposed Sale and the denominator is the aggregate number of the Exchange Shares owned by the Selling Investor; provided, that in order to be entitled to exercise its
right to sell Exchange Shares to the Proposed Transferee pursuant to this Section 2.2(d), each Tagging Investor, if requested by the Selling Investor or the Proposed Transferee, shall be required (as a condition to
participating in such Transfer to (x) agree to the same covenants as the Selling Investor agrees to in connection with the Proposed Sale, (y) join on a pro rata basis (based on the proceeds received by such Tagging Investor compared
with the proceeds received by the Selling Investor and all Tagging Investors in connection with the Proposed Sale) in any indemnification that the Selling Investor agrees to provide in connection with the Proposed Sale (other than in connection with
obligations that relate to a particular Investor, such as representations and warranties concerning itself or the Exchange Shares to be transferred by it, for which each Investor shall agree to be solely responsible, and provided that the liability
for any indemnification to be provided by such Selling Investor and Tagging Investor shall not exceed, in each case, the total net consideration (i.e. the total gross consideration after deduction for Costs (as defined below)) received by
such Selling Investor or Tagging Investor for its Exchange Shares in respect of such Proposed Sale), and (z) make such representations and warranties concerning itself and the Exchange Shares to be sold by it in connection with such Transfer as
the Selling Investor makes with respect to itself and its Shares. 
 (ii) Each Tagging Investor shall be responsible for
funding its proportionate share (based on the proceeds received by such Tagging Investor compared with the proceeds received in the aggregate in connection with the Proposed Sale) of any adjustment in purchase price or escrow arrangements in
connection with the Proposed Sale and for its proportionate share of any withdrawals from any such escrow, including any such withdrawals that are made with respect to claims arising out of agreements, covenants, representations, warranties or other
provisions relating to the Proposed Sale (subject to the limitations of Section 2.2(d)(i)). 

(iii) Each Tagging Investor shall be responsible for its proportionate share (based on the proceeds received by such Tagging
Investor compared with the proceeds received in the aggregate in connection with the Proposed Sale) of the fees, commissions and other out-of-pocket expenses
(collectively, “Costs”) of the Proposed Sale to the extent not paid or reimbursed by the Company, the Proposed Transferee or another Person (other than the Selling Investor); provided, that the liability for such Costs
(together with indemnity liability as contemplated by clauses (i) or (ii) of this Section 2.2(d)) shall not exceed the total consideration received by such Tagging Investor for its Shares in respect of such Proposed
Sale. If and to the extent deemed reasonably 

  
 -5- 

 
necessary by the Selling Investor (it being understood that the Selling Investor will first attempt to structure any Proposed Sale on terms that will not require post-closing true-up recoveries for the payment of Costs of the types contemplated by clause (A) of the proviso to this sentence below and, in circumstances where such arrangements are employed, to take reasonable steps to
attempt to minimize their amount and duration), the Selling Investor shall be entitled to estimate, in its reasonable, good faith judgment, each Tagging Investor’s proportionate share of such Costs and to withhold such amounts from payments to
be made to each Tagging Investor at the time of closing of such Proposed Sale; provided, that (A) such estimate shall not preclude the Selling Investor from recovering additional amounts from the Tagging Investors in respect of each such
Tagging Investor’s proportionate share of such Costs and (B) the Selling Investor shall reimburse each Tagging Investor to the extent actual amounts are ultimately less than the estimated amounts or to the extent that any such amounts are
paid by the Company, the Proposed Transferee or another Person (other than the Selling Investor) promptly (but in any event within five (5) Business Days of determining the actual amount). 

(iv) Exercise of Tag-Along Rights; Notices. The Selling Investor (having first
complied with the provisions of Section 2.2(c), if applicable) shall give each other Investor prior written notice of each Proposed Sale, setting forth the number of Shares proposed to be so Transferred, the identity of the
Proposed Transferee, the proposed amount and form of consideration and other material terms and conditions of the Proposed Sale (including indemnification, escrow and other material economic terms) offered by the Proposed Transferee (such initial
notice, the “Tag-Along Opportunity Notice”). In the event that any of the material terms or conditions set forth in the Tag-Along Opportunity Notice are
thereafter amended in any material respect, the Selling Investor shall also give written notice of the amended terms and conditions of the Proposed Sale to the other Investors (any amended notice, an “Amended
Tag-Along Opportunity Notice”). In order to exercise the tag-along rights provided by this Section 2.2(d) an Investor must send a
written notice to the Selling Investor indicating its desire to exercise its rights and specifying the number of Shares it desires to sell (the “Tag-Along Exercise Notice”) within ten
(10) Business Days following the giving of the Tag-Along Opportunity Notice to such Investor (or if an Amended Tag-Along Opportunity Notice is given to the
Investor, within ten (10) Business Days following the giving of such Amended Tag-Along Opportunity Notice). An Investor shall not be obligated to separately comply with the provisions of
Section 2.2(c) in order to exercise the tag-along rights provided by this Section 2.2(d). Upon the giving of an Amended
Tag-Along Opportunity Notice to an Investor that had previously provided a Tag-Along Exercise Notice, such Tagging Investor shall be permitted to cancel its exercise of
its rights under this Section 2.2(d) upon delivery of written notice to the Selling Investor to such effect and shall be released from its obligation hereunder. There shall be no liability on the part of the Selling
Investor to any Tagging Investor if the sale of Shares pursuant to this Section 2.2(d) is not consummated for whatever reason. 

(v) Each Tagging Investor shall deliver to the Selling Investor, or agent for such Selling Investor, all documents and
instruments reasonably requested by the Selling Investor to evidence the Transfer to the Proposed Transferee the Shares that such Tagging Investor is permitted to dispose of pursuant to this Section 2.2(d). The consummation
of such Proposed Sale shall be subject to the sole discretion of the Selling Investor, who shall have no liability or obligation whatsoever to any Tagging Investor participating therein other than to obtain for such Tagging Investor the same terms
and conditions as those of the Selling Investor. In connection with the consummation of any 

  
 -6- 

 
such Proposed Sale, the Selling Investor shall use commercially reasonable efforts to Transfer to the Proposed Transferee at the closing of such Proposed Sale documents and instruments evidencing
the Transfer to the Proposed Transferee of the Shares to be disposed of by any Tagging Investors. 
 (vi) If any Tagging
Investor exercises its rights under this Section 2.2(d), the closing of the purchase of the Shares with respect to which such rights have been exercised shall take place concurrently with the closing of the sale of the
Selling Investor’s Shares to the Proposed Transferee. If by the end of ninety (90) days following the date of delivery of the Tag-Along Opportunity Notice (or, following the delivery of the last
Amended Tag-Along Opportunity Notice, if applicable), the Selling Investor and the Proposed Transferee have not completed the Proposed Sale, each Tagging Investor shall be released from its obligations under
this Section 2.2(d), and the applicable Tag-Along Exercise Notices shall be null and void, and it shall be necessary for the terms of this Section 2.2(d) to
be separately complied with in order to consummate such Proposed Sale pursuant to this Section 2.2(d). 

(vii) Tag-Along Power of Attorney. Upon delivering a Tag-Along Exercise Notice, each Tagging Investor shall, if requested by the Selling Investor, execute and deliver a power of attorney in form and substance reasonably satisfactory to the Selling Investor and such
Tagging Investor with respect to the Shares that are to be sold by such Tagging Investor pursuant hereto (a “Tag-Along Power of Attorney”); it being understood that the Tag-Along Power of Attorney shall provide, among other things, that each such Tagging Investor shall irrevocably appoint a Person designated by the Selling Investors (and not objected to by Tagging Investors holding
a majority of the Shares as to which tag-along rights are being exercised) to act as attorney-in-fact and agent with full power
and authority to act under the Tag-Along Power of Attorney on its behalf with respect to (and subject to the terms and conditions of) the matters specified in this Section 2.2(d).

 (e) Distributions to Limited Partners or Members. From the Closing or, the Distribution if the Exchange Shares are
issued to the Contributor, each Investor agrees that it shall not make any distribution of Shares to its partners, members or stockholders without first obtaining consent from each of the other Investors unless in connection with a Transfer to a
Charitable Organization. 
 (f) Permitted Rule 144 Transfers. At no time shall any Investor Transfer any or all of its
Shares in reliance on Rule 144 other than in compliance with this Section 2.2(f). Each Investor will use its reasonable best efforts to coordinate its efforts to Transfer Shares in reliance on Rule 144. Any Shares
Transferred pursuant to this Section 2.2(f) shall no longer be Shares under this Agreement. 
 (i)
Notice. Prior to any such Transfer of Shares in reliance on Rule 144, an Investor (the “Notifying Investor”) shall provide each other Investor (each other Investor a “Notified Investor”) with at least two
(2) Business Days’ prior notice (a “144 Notice”) of the Notifying Investor’s intention to commence Selling Shares in reliance on Rule 144; provided, however, that the Notified Investors who intend to Sell Shares in
reliance on Rule 144 in connection with such 144 Notice need not comply with such requirement to provide a 144 Notice, but shall notify the other Investors of its intent to Sell any Shares as promptly as practicable and in any event prior to the
earliest time at which the Notifying Investor intends to commence Selling Shares as indicated in such 144 Notice. The 144 Notice is intended to permit each Investor electing to Sell Shares at such time to coordinate the timing and process for
Selling their Shares in an orderly fashion. 

  
 -7- 

 (ii) 144 Notice Requirements. Each 144 Notice shall specify: 

(b) the earliest time at which the Notifying Investor intends to commence Sales pursuant to this
Section 2.2(f), 
 (c) whether such a Sale will commence a new measurement period for purposes of
the Rule 144 group volume limit or is part of such a continuing measurement period previously commenced by another 144 Notice, and 

(d) the volume limit for each Investor for that measurement period, determined as of its commencement. 

(iii) Shares. Each Investor shall be entitled to effect Sales of a number of Shares equal to such Investor’s pro
rata portion of the Rule 144 group volume limit applicable to all Investors during the applicable measurement period based on such Investor’s percentage ownership of Shares held by the Investors at the start of such measurement period;
provided, however, that the Notified Investors shall not Sell any Shares in reliance on Rule 144 in connection with such 144 Notice prior to the earliest time at which the Notifying Investor intends to commence Selling Shares as indicated in such
144 Notice. 
 (g) Restrictions on Transfers to Strategic Investors. No Investor shall Transfer any Shares to a
Strategic Investor without the approval of each of the other Investors. 
 (i) Notice. If any Investor proposes to
Transfer any Shares to a Strategic Investor, the Investor shall furnish a written notice to each other Investor at least five (5) Business Days prior to such proposed Transfer other than with respect to any exempted Transfers pursuant to
Section 2.2(g)(ii). Such notice shall set forth the principal terms of the proposed Transfer, including (i) the number of the Shares to be Transferred, (ii) the per share purchase price or the formula by which
such price is to be determined and (iii) the name and address of the prospective buyer. If, within three (3) Business Days after the date of delivery of such notice, a notice designating such prospective buyer as a Strategic Investor is
delivered by an Investor to the Investor proposing to Transfer Shares, then the proposing Investor shall not Transfer any Shares to such prospective buyer. 

(ii) Certain Exempted Transfers. Notwithstanding anything in this Agreement to the contrary, the restrictions in
Section 2.2(g) shall not apply to any Transfers (i) in reliance on Rule 144 effected as “brokers’ transactions” (as defined in Rule 144); (ii) pursuant to a Public Offering, (iii) in reliance
on Rule 144 directly to a “market maker” (as defined in Rule 144), (iv) pursuant to a block sale to a financial institution in a registered offering or (v) in connection with a transaction between the Company and a Strategic
Investor that is approved by the requisite vote of the shareholders of the Company, in each case of clauses (ii)-(iv) in which, to the knowledge of the Investor, the underwriter(s), market maker(s) or block sale purchaser(s) are not acquiring such
Shares for the intended purpose of reselling such Shares to any Person that, after giving effect to such resale, would own, directly or indirectly, more than five percent (5%) of then outstanding Shares (such Transfers, the “Exempted
Transfers”). 

  
 -8- 

 2.3. Coordination Agreement. 

(a) Share Information. Each Investor agrees to provide the other Investors with current information regarding its Shares
from time to time upon request of any other Investor and to use reasonable best efforts to cooperate with the other Investors in respect of determining any pro rata calculations required to be made or rights hereunder. All Shares held by each
Investor and its Affiliates shall be aggregated together for purposes of determining the availability of any rights or applicability of any obligations with respect to an Investor under this Agreement. 

(b) Pro Rata Sales. From the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, in the
event of any Public Offering (including pursuant to a registration request as provided in Section 2.4), each Investor agrees to include in such Public Offering its and its Affiliates’ Shares pro rata based on such
Investor’s percentage ownership of Shares held by all Investors and their Affiliates at the time of such offering until the earlier of such time that (i) such Investor has sold in all Public Offerings that number of Exchange Shares
received by such Investor and its Affiliates at the Closing or, the Distribution if the Exchange Shares are issued to the Contributor (such number of Exchange Shares issued to an Investor at the Closing or, received by each Investor in the
Distribution if the Exchange Shares are issued to the Contributor, the “Initial Shares”) equal to twenty-five percent (25%) of such Initial Shares and (ii) such Investor has received aggregate proceeds from the Sale of its
Initial Shares in all Public Offerings after the date hereof, greater than or equal to $50 million, net of underwriting discounts and commissions but before expenses. 

2.4. Exercise of Registration Rights. 

(a) Prior to the Distribution, the Investors agree to approve, and shall use their reasonable best efforts to cause their
designated Managers to approve, the exercise by the Contributor of any demand registration under the Registration Rights Agreement in connection with the Initial Offering as requested by the Requisite Investor Majority. Except as set forth in
Section 2.4(b), if the Distribution occurs prior to the Initial Offering, then from the Distribution until immediately following the Initial Offering, each Investor agrees not to exercise its rights to make a Demand
Registration Request or Shelf Takedown Request (each as defined in the Registration Rights Agreement) without the consent of the Requisite Investor Majority. 

(b) Registration Requests. If the Initial Offering has not been consummated or requested by the Requisite Investor
Majority prior to the three (3) year anniversary of the Closing: 
 (i) Right to Request. Any Investor who holds
greater than ninety percent (90%) of its Initial Shares, may in its sole discretion submit a Demand Registration Request or a Shelf Takedown Request to effect the Initial Offering under the Registration Rights Agreement (a “Registration
Request”); 
 (ii) Notice. Any such Investor intending to submit a Registration Request pursuant to this
Section 2.4(b) shall provide each other Investor with at least thirty (30) Business Days’ prior notice of its intention to submit such a request; 

(iii) Right to Delay. If, within twenty (20) Business Days after the date of delivery of such notice pursuant to
Section 2.4(b)(ii), the non-requesting Investors deliver a joint notice to the requesting Investor requesting a delay of such anticipated Registration Request of up to six
(6) months, then such requesting Investor will delay the submission of its Registration Request for the duration set forth in such notice; 

  
 -9- 

 (iv) Cooperation. Each
non-requesting Investor must use its reasonable best efforts to cooperate and take any such actions as reasonably required to support an Initial Offering requested pursuant to this
Section 2.4(b) (including, by supporting the requesting Investor’s choice of lead underwriter); and 

(v) Pro Rata Sales Exempt. In the case of and following the Initial Offering made at the request of an Investor pursuant
to Section 2.4(b), the Investors shall not be required to comply with Section 2.3(b). 

2.5. Voting. 

(a) Proxy. 

(i) From the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, until the closing of the
Initial Offering, each Investor agrees to vote, or cause its Shares to be voted, as directed by the Requisite Investor Majority on all matters presented to the holders of the Company Common Shares. If an Investor determines not to vote in accordance
with the first sentence of this Section 2.5(a) (a “Dissenting Investor”), it shall promptly following such determination, and no later than ten (10) days prior to the vote, notify each other Investor
of such decision and, following receipt of such notice, the Requisite Investor Majority may elect to vote, or cause to be voted, the Company Common Shares held by such Dissenting Investor. If an Investor otherwise fails to vote on any matter
presented to the holders of the Company Common Shares in accordance with the first sentence of this Section 2.5(a) (a “Non-Voting Investor”),
each other Investor shall be permitted to vote, or cause to be voted, the Company Common Shares held by the Non-Voting Investor in accordance with the direction of the Requisite Investor Majority. 

(ii) In furtherance of Section 2.5(a), immediately from and after the Closing or, the Distribution if
the Exchange Shares are issued to the Contributor, each Investor shall (1) irrevocably and unconditionally grant to, designate and appoint each other Investor as its attorney in fact and proxy, with full power of substitution, to represent
it with respect to all matters presented to the holders of the Company Common Shares, including at any annual or special meetings of the holders of the Company Common Shares and (2) authorize and empower each other Investor to vote, or
cause to be voted, its Shares, in each case of clauses (1) and (2), in accordance with the direction of the Requisite Investor Majority. Such proxy will be an irrevocable proxy coupled with an interest and, to the extent permitted by law,
it shall continue in full force and effect and remain valid until the closing of the Initial Offering, immediately upon which such proxy shall automatically terminate without any further action required by any person. 

(iii) Each Investor agrees to execute any further agreement or form reasonably necessary or appropriate to confirm and
effectuate the grant of the proxy contained in this Section 2.5(a). 
 (iv) Notwithstanding
anything in this Section 2.5(a) to the contrary, this Section 2.5(a) shall not apply to matters in respect of (A) the composition of the Company Board, which matters are subject to and
governed by the applicable provisions of this Agreement and the Investor Rights Agreement and (B) any transaction between an Investor or any of its Affiliates, on the one hand, and the Company or its subsidiaries, on the other hand. 

  
 -10- 

 (b) The Investors each agree to support the nomination and election of the
nominees to the board of directors of the Company (the “Company Board”) selected in accordance with Section 3 of this Agreement. 

2.6. Charitable Transfer. From the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, the Investors will
cooperate to permit and will cooperate to cause the Contributor to permit, as applicable, Charitable Transfers by an Investor to a Charitable Organization or to any person associated with an Investor that such Investor deems appropriate in order to
effectuate the Charitable Transfer; provided that the Investor shall cause any interim transferee to promptly Transfer any such Shares to such Charitable Organization. 
  

	 	3.	Board Matters. 

 3.1. Initial Board Composition. In connection with the Closing,
the Investors will cause their designated Managers to, or if the Investors receive the Exchange Shares directly at the Closing, or if the Distribution has occurred, the Investors will, nominate and appoint the following members to the Company Board
in accordance with the Exchange Agreement and Section 2.1(b)(ii) of the Investor Rights Agreement (each member serving on the Company Board, an “Initial Director”): 

(a) The Chief Executive Officer of the Company following the Closing; 

(b) For each Investor, two (2) directors selected by such Investor; and 

(c) Two (2) Independent Directors, each as selected by the Requisite Investor Majority. 

3.2. Subsequent Board Compositions. 

(a) Pursuant to the nomination rights under Sections 2.1(b)(iii)(2), 2.1(b)(iii)(3) and 2.1(b)(iii)(4) of the Investor
Rights Agreement, following the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, and until the closing of the Initial Offering, the Investors will cooperate to nominate and elect directors to the Company Board, as
follows: 
 (i) to the extent there is vacancy caused by the resignation, removal or other departure of the Skyline Director
(as defined in the Investor Rights Agreement) or the Skyline Independent Director (as defined in the Investor Rights Agreement), a replacement director of the Company Board as selected by the Requisite Investor Majority; 

(ii) two (2) directors of the Company Board (such directors of the Company Board will not be subject to the requirements
under Section 3.4 or any independence requirements) selected by each Investor; 
 (iii) such
additional number of Independent Directors, if any, so that the aggregate number of Independent Directors to be nominated and elected pursuant to Section 2.1(b)(iii) of the Investor Rights Agreement is equal to three (3), which Independent
Directors shall be selected by the Requisite Investor Majority; and 

  
 -11- 

 (iv) such additional number of directors to be nominated pursuant to
Section 2.1(b)(iii)(4) of the Investor Rights Agreement such that the number of directors of the Company Board shall equal eleven (11), which directors shall be selected by the Requisite Investor Majority. 

(b) To the extent necessary: 

(i) in connection with the Initial Offering, the Contributor (if applicable) and the Investors will cause that number of
Initial Directors or such directors nominated pursuant to Section 3.2(a) of this Agreement to resign from the Company Board effective as of the closing of the Initial Offering; and 

(ii) following such time that the Aggregate Ownership Percentage of the Investors is not greater than fifty percent (50%) of
the Company, the Investors will use their reasonable best efforts to cause the Skyline Director to resign from the Company Board; 
 in each
case, so that the composition of the Company Board shall be as set forth in Section 2.2(b) or Section 2.2(c) of the Investor Rights Agreement, as applicable, subject to compliance with Applicable Governance Rules (as defined in the
Investor Rights Agreement). 
 (c) If applicable, prior to the Distribution, the Investors will cooperate to cause the
Contributor (in accordance with the Investor Rights Agreement) to nominate to the Company Board, in accordance with Section 2.2(b) or Section 2.2(c) of the Investor Rights Agreement, as applicable, each of the directors nominated by the
Investors pursuant to the nomination rights of the Investors thereto as of after the Distribution; provided that, for the purposes of this Section 3.2(c), the “Ownership Threshold” (as defined in the Investor
Rights Agreement) will be calculated as if the Investors owned their pro rata portion of the Shares owned by the Contributor, which each Investor would be entitled to receive in the Distribution; provided, further, that if any Investor does not then
exceed any Ownership Threshold, the other Investors then exceeding such Ownership Threshold shall jointly nominate that number of directors that, but for the application of such Ownership Threshold, the Investor not then exceeding such Ownership
Threshold would be entitled to nominate. 
 3.3. Removal and Replacement; Vacancies. If, following election or appointment to the
Company Board: 
 (a) any director of the Company Board that has been selected or nominated by, or at the direction of, an
individual Investor that continues to possess the right to select or nominate, or give direction for the selection or nomination of, such director pursuant to this Agreement or the Investor Rights Agreement: (i) resigns voluntarily;
(ii) is removed in accordance with the By-laws of the Company or pursuant to Section 3.4 of this Agreement; (iii) is unable to serve for any reason prior to the expiration
of his or her term as a director of the Company Board; or (iv) such Investor notifies the other Investors that it intends to seek the removal of such director; or 

(b) any director of the Company Board that is selected or nominated by, or at the direction of, more than one Investor and if
any group of Investors continues to possess the right to select or nominate, or give direction for the selection or nomination of, such director pursuant to this Agreement or the Investor Rights Agreement: (i) resigns voluntarily; (ii) is
removed in accordance with the By-laws of the Company or pursuant to Section 3.4 of this Agreement; (iii) is 

  
 -12- 

 
unable to serve for any reason prior to the expiration of his or her term as a director of the Company Board; or (iv) the group of Investors possessing such right pursuant to the rights set
forth in Section 3.2 of this Agreement and Section 2.2 of the Investor Rights Agreement notifies the other Investors that it intends to seek the removal of such director; 

then the Investors will cooperate and use their reasonable best efforts to remove any such director of the Company Board, if necessary to
effect such removal, and to appoint on to the Company Board and support the nomination and election of a replacement as nominated or selected by one or more Investors pursuant to the rights set forth in Section 3.2 of this
Agreement and Section 2.2 of the Investor Rights Agreement. 
 3.4. Audit Committee. Each Independent Director shall be only
deemed eligible for nomination by any individual Investor or the Requisite Investor Majority if the Independent Director is considered eligible to serve on the audit committee (pursuant to Section 303A.02 of the NYSE Listed Company Manual and
Exchange Act Rule 10A-3) and willing to serve on the audit committee. If an Independent Director nominated pursuant to Section 3.1(c), Section 3.2(a)(iii),
Section 3.2(a)(iv), Section 3.2(b) or Section 3.2(c), but only to the extent nominated in accordance with Section 2.1, Section 2.2(b) or Section 2.2(c) of
the Investor Rights Agreement, declines to serve on, or is no longer eligible to be a member of, the audit committee of the Company Board, the Investors agree to take such actions as are reasonably necessary to cause (1) such Independent
Director to resign from his or her position as a member of the Company Board and such Independent Director shall not be eligible to be nominated as an Independent Director immediately following such resignation and (2) a replacement Independent
Director to be nominated or selected (such replacement Independent Director as nominated or selected by one or more Investors pursuant to the rights set forth in Section 3.2 of this Agreement and Section 2.2 of the
Investor Rights Agreement). The Investors will cooperate to cause the Contributor or, if after the Distribution or, from the Closing if the Investors are issued the Shares directly, the nominating Investors agree to cause any of its or their
nominees for director who would become Independent Directors subject to this Section 3.4 to execute a conditional resignation upon his or her appointment, which would be effective only if he or she (x) no longer
qualifies as “independent” pursuant to clause (i) of the definition of Independent Director, (y) is no longer eligible to serve on the audit committee of the Company Board or (z) does not serve on the audit committee of the
Company Board, in each case unless the majority of the Company Board has determined that such Independent Director shall continue to serve on the Company Board. 
  

	 	4.	[Reserved]. 

  

	 	5.	Remedies. 

 The parties shall have all remedies available at law, in equity or otherwise
in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of any breach of this Agreement, in addition to any other remedies which may be available, each of the parties
hereto shall be entitled to specific performance of the obligations of the other parties hereto and, in addition, to such other equitable remedies (including preliminary or temporary relief) as may be appropriate in the circumstances. 

 

	 	6.	Assignment of Rights. 

 6.1. Assignment. Subject to
Section 2.2(a), Section 2.2(c), Section 2.2(d), Section 2.2(f), and Section 2.2(g), the rights of an Investor hereunder
may only be assigned (in whole but not in part) in connection with a Transfer of Shares prior to the Initial Offering to a Transferee acquiring from such transferring Investor Shares that represent more than fifteen and a half percent (15.5%) of the
number of 

  
 -13- 

 
then outstanding Company Common Shares. For the avoidance of doubt, following any permitted assignment of such rights, the transferring Investor shall no longer have the rights of an
“Investor” under this Agreement (including any consent and approval rights), but such transferring Investor shall remain directly liable for the performance of all of its obligations under this Agreement in accordance with the terms
herein. Notwithstanding the foregoing, a Transferee shall not be permitted to exercise any such assigned rights to the extent such exercise of rights would cause any Investor party to the Investor Rights Agreement to violate the terms and conditions
of the Investor Rights Agreement. 
 6.2. Requirements. Without prejudice to any other or similar conditions imposed hereunder with
respect to any such Transfer, prior to the Transfer of any Shares to any Transferee occurring prior to the Initial Offering, other than in a Charitable Transfer or an Exempted Transfer, each Investor effecting such Transfer shall (i) cause the
Transferee to deliver to each of the Investors its written agreement, in form and substance reasonably satisfactory to the Investors, to be bound by the terms and conditions of this Agreement, including, for the avoidance of doubt, the obligations
under Section 2.5 and any other obligations of an Investor hereunder, and (ii) remain directly liable for the performance by the Transferee of all obligations of such Transferee under this Agreement. Any Transferee,
other than in a Charitable Transfer or Exempted Transfer, receiving Shares from an Investor in a Transfer shall be subject to the terms and conditions of, and if assigned rights in accordance with Section 6.1, shall be
entitled to enforce, this Agreement to the same extent, and in the same capacity, as the Investor that Transfers the Shares to such Transferee. 
  

	 	7.	Amendment, Termination, Etc. 

 7.1. Written Modifications. This Agreement may be
amended, modified, extended or terminated, and the provisions hereof may be waived, only by an agreement in writing signed by each Investor. Each such amendment shall be binding upon each party hereto. In addition, each party hereto may waive any
right hereunder by an instrument in writing signed by such party. To the extent the amendment of any Section of this Agreement would require a specific consent pursuant to this Section 7.1, any amendment to the definitions
used in such Section shall also require the specified consent. 
 7.2. Termination. Notwithstanding the foregoing
Section 7.1, (i) following the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, this Agreement shall terminate with respect to any Investor when such Investor’s Aggregate Ownership
Percentage is equal to or less than five percent (5%) and (ii) this Agreement shall terminate if the Exchange Agreement is terminated in accordance with the terms therein. 

7.3. Effect of Termination. No termination under this Agreement shall relieve any Person of liability for breach prior to termination.
No termination of this Agreement will affect this Section 7.3 or the obligations of any party pursuant to Section 9.7. No termination of this Agreement will affect the obligations of any party
pursuant to Section 10, all of which obligations will survive termination of this Agreement for a period of two (2) years from the date of such termination. 

 

	 	8.	Definitions. 

 8.1. Certain Matters of Construction. In addition to the
definitions referred to or set forth below in this Section 8: 
 (i) The words “hereof”,
“herein”, “hereunder” and words of similar import shall refer to this Agreement as a whole and not to any particular Section or provision of this Agreement, and reference to a particular Section of this Agreement shall include
all subsections thereof; 

  
 -14- 

 (ii) The word “including” shall mean including, without limitation;

 (iii) Definitions shall be equally applicable to both nouns and verbs and the singular and plural forms of the terms
defined; and 
 (iv) The masculine, feminine and neuter genders shall each include the other. 

8.2. Definitions. The following terms shall have the following meanings: 

“144 Notice” has the meaning set forth in Section 2.2(f)(i). 

“Affiliate” means, with respect to any specified Person, (a) any other Person which directly or indirectly through one
or more intermediaries controls, or is controlled by, or is under common control with, such specified Person (for the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by agreement or otherwise); provided, however, that neither the Company nor any of its subsidiaries shall be deemed an Affiliate of the Contributor or any Investor (and vice versa), (b) if such
specified Person is an investment fund, any other investment fund the primary investment advisor to which is the primary investment advisor to such specified Person or an Affiliate thereof and (c) if such specified Person is a natural Person,
any family member of such natural Person. 
 “Affiliated Funds” means, with respect to any Investor: (i) affiliated
investment funds (including entities investing on behalf of such holder and any investment funds and entities with a common general partner or principal advisor) and (ii) entities that are directly or indirectly controlled, controlling or under
common control with such Investor. 
 “Aggregate Ownership Percentage” means, with respect to any Person at any time, a
fraction (expressed as a percentage) equal to (i) the aggregate number of Company Securities beneficially owned by such Person (together with his, her or its Affiliates) at such time divided by (ii) the aggregate number of all
outstanding Company Securities at such time. 
 “Agreement” has the meaning set forth in the Preamble. 

“Bain Capital Credit” has the meaning set forth in the Preamble. 

“Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law
to be closed in the City of New York. 
 “Centerbridge Partners” has the meaning set forth in the Preamble. 

“Charitable Organization” means a charitable organization as described by Section 501(c)(3) of the Internal Revenue Code
of 1986, as in effect from time to time. 
 “Charitable Transfer” means a distribution of Shares to an Affiliate or to a
member, partner or employee of such Affiliate in connection with a bona fide gift to a Charitable Organization and the associated transfer to such Charitable Organization. 

  
 -15- 

 “Closing” has the meaning set forth in the Preamble. 

“Company” has the meaning set forth in the Recitals. 

“Company Board” has the meaning set forth in Section 2.5(b). 

“Company Common Shares” means common shares, $0.0277 par value per share of Company. 

“Company Securities” means (i) Company Common Shares, (ii) securities convertible or exercisable into, or
exchangeable for, Company Common Shares, (iii) any other equity or equity-linked security issued by the Company and (iv) options, warrants or other rights to acquire any of the foregoing. 

“Contributor” has the meaning set forth in the Recitals. 

“Contributor Board” has the meaning set forth in Section 2.2(b)(iii). 

“Dissenting Investor” has the meaning set forth in Section 2.5(a)(i). 

“Distribution” means the transfer of all or substantially all Exchange Shares held by the Contributor to the holders of the
limited liability company interests in the Contributor. 
 “Exchange Agreement” has the meaning set forth in the Preamble.

 “Governmental Body” has the meaning set forth in the Exchange Agreement. 

“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 

“Independent Director” has the meaning set forth in the Investor Rights Agreement. 

“Initial Director” has the meaning set forth in Section 3.1. 

“Initial Offering” has the meaning set forth in the Registration Rights Agreement. 

“Initial Shares” has the meaning set forth in Section 2.3(b). 

“Investor Rights Agreement” means that certain Investor Rights Agreement among the Contributor, the Company and the Investors
hereto dated as of the date of the Closing. 
 “Investors” has the meaning set forth in the Preamble. 

“Legal Proceeding” means any action, suit, litigation, arbitration, mediation, proceeding (including any civil, criminal,
administrative, insolvency, bankruptcy, liquidation, administration, receivership, involuntary arrangement, compromise or schedule with creditors, moratorium, stay or limitation of creditors rights, interim or provisions supervision by a court or
court appointee, winding up or striking off, or similar event, investigative or appellate proceeding), hearing, inquiry, audit, examination, conciliation, expert determination or investigation or other process commenced, brought, conducted or heard
by or before, or otherwise involving, any court or other governmental body or any arbitrator or arbitration panel. 
 “LLC
Agreement” means that certain Second Amended and Restated Limited Liability Company Agreement of the Company, dated as of May 23, 2011, as amended on September 16, 2014 (as amended and in effect on the date hereof). 

  
 -16- 

 “MAK” has the meaning set forth in the Preamble. 

“Non-Voting Investor” has the meaning set forth in
Section 2.5(a). 
 “Notified Investor” has the meaning set forth in
Section 2.2(f)(i). 
 “Notifying Investor” has the meaning set forth in
Section 2.2(f)(i). 
 “Original Investors” means Centerbridge Capital Partners AIV I, L.P., a
Delaware limited partnership, Centerbridge Capital Partners Strategic AIV I, L.P., a Delaware limited partnership, CCP SBS, CCPCI, Bain Capital Credit and MAK Champion. 

“Permitted Transferee” means with respect to any Investor, such entity’s Affiliated Funds or Affiliates;
provided, that such Affiliated Fund, Affiliate or other Person is an “accredited investor” (as defined in Rule 501 of Regulation D promulgated under the Securities Act) and agrees to be subject to and be bound by this Agreement and
any other equityholder agreement or lock-up agreement then in effect, to the same extent as the transferor Investor. 

“Person” means any individual, partnership, corporation, company, association, trust, joint venture, limited liability
company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“Public Offering” has the meaning set forth in the Registration Rights Agreement. 

“Registration Rights Agreement” means that certain Registration Rights Agreement among the Contributor, the Company, the
Investors, Arthur Decio and certain other investors dated as of the date of the Closing. 
 “Registration Request” has the
meaning set forth in Section 2.4(b)(i). 
 “Requisite Investor Majority” means: 

(i) prior to the Distribution, the approval of (a) at least two (2) Investors if there is more than one (1) Investor holding
limited liability company interests in the Contributor, and (b) a single Investor if there is only one (1) Investor holding limited liability company interests in the Contributor; or 

(ii) following the Closing or, the Distribution if the Exchange Shares are issued to the Contributor, until the closing of the Initial
Offering, the approval of (a) at least two (2) Investors if there is more than one (1) Investor holding Shares, and (b) a single Investor if there is only one (1) Investor holding Shares. 

For purposes of this Requisite Investor Majority definition, (A) each Investor’s Aggregate Ownership Percentage must be equal to or greater than
five percent (5%) in order to constitute an Investor under this definition and (B) any Investor that has assigned its rights to a Transferee in accordance with Section 6.1 shall not be deemed an Investor. 

“Rule 144” means Rule 144 under the Securities Act (or any successor Rule). 

“Sale” means a Transfer for value and the terms “Sell”, “Selling” and “Sold” shall have
correlative meanings. 

  
 -17- 

 “Securities Act” means the Securities Act of 1933, as in effect from time to
time. 
 “Shares” means all shares of Company Common Shares held by an Investor, whenever issued. 

“Strategic Investor” means, with respect to any proposed Transfer, any (a) Person that is determined by an Investor in
its reasonable judgment to be a competitor of the Company or any of its subsidiaries in any material respect or an actual or potential vendor, supplier or franchisee of or other Person having a material business relationship (other than employment)
with the Company or any of its subsidiaries and (b) any Affiliate of any such Person specified in clause (a). 

“Transfer” means any sale, pledge, assignment, encumbrance or other transfer or disposition of any Shares or limited
liability company interests, as applicable, to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise and the term “Transferred” shall have a correlative
meaning. 
 “Transferees” means, (i) any Person to whom an Investor Transfers Shares in compliance with
Section 2.2 and (ii) with respect to any Investor, any Affiliated Fund of such Investor, in each case, to the extent such Person agrees to be bound by the terms of this Agreement. 

 

	 	9.	Miscellaneous. 

 9.1. Authority; Effect. Each party hereto represents and warrants
to and agrees with each other party that the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized on behalf of such party and do not violate any agreement or other instrument
applicable to such party or by which its assets are bound. This Agreement does not, and shall not be construed to, give rise to the creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint
venture or other association. 
 9.2. Notices. Any notices, requests, demands and other communications required or permitted in this
Agreement shall be effective if in writing and (i) delivered personally, (ii) sent by facsimile or e-mail, or (iii) sent by overnight courier, in each case, addressed as follows: 

 

	 	(a)	If to Bain Capital Credit, to: 

 Sankaty Champion Holdings, LLC 

	 	    	111 Huntington Avenue 

	 	    	Boston, MA 02199 

	 	    	Attention: Michael Bevacqua 

	 	    	Facsimile Number: (617) 516-2010 

  

	 	    	with copies to: 

  

	 	    	Ropes & Gray LLP 

	 	    	Prudential Tower 

	 	    	800 Boylston Street 

	 	    	Boston, Massachusetts 02199 

	 	    	Facsimile: (617) 951-7050 

	 	    	Attention: David A. Fine 

  
 -18- 

	 	(b)	If to Centerbridge Partners, to: 

 Centerbridge Capital Partners, L.P. 

375 Park Avenue, 11th Floor 
 New
York, NY 10152 
 Attention: Daniel Osnoss 

Facsimile Number: (212) 672-453 

with copies to: 
 Centerbridge
Partners, L.P. 
 375 Park Avenue, 12th Floor 

New York, NY 10152 
 Attention:
Office of the General Counsel 
 Facsimile Number: 

Email: legalnotices@centerbridge.com 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
New York 10017 
 Facsimile:       (212) 455-2502 

Attention:       Caroline B. Gottschalk 
  

	 	(c)	If to MAK, to: 

 MAK Capital Fund L.P. 

590 Madison Avenue, #902 

New York, NY 10022 

Attention: Michael Kaufman 

Facsimile Number: (212) 486-4779 

with copies to: 
 Ropes &
Gray LLP 
 Prudential Tower 

800 Boylston Street 
 Boston,
Massachusetts 02199 
 Facsimile:       (617) 951-7050 

Attention:       David A. Fine 

Notice to the holder of record of any shares of Company Common Shares shall be deemed to be notice to the holder of such shares for all
purposes hereof. 
 Unless otherwise specified herein, such notices or other communications shall be deemed effective (i) on the date
received, if personally delivered, (ii) on the date received if delivered by facsimile or e-mail on a Business Day, or if not delivered on a Business Day, on the first Business Day thereafter and
(iii) two (2) Business Days after being sent by overnight courier. Each of the parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 

9.3. Binding Effect, Etc. This Agreement, together with the Registration Rights Agreement, the LLC Agreement and the Investor Rights
Agreement, constitute the entire agreement of the parties with respect to their subject matter, supersede in their entirety all prior or contemporaneous oral or written agreements, or discussions with respect to such subject matter and shall be
binding upon and inure to the 

  
 -19- 

 
benefit of the parties hereto and their respective heirs, representatives, successors and permitted assigns. Except as otherwise expressly provided herein, no Investor may assign any of its
respective rights or delegate any of its respective obligations under this Agreement without the prior written consent of the other parties hereto, and any attempted assignment or delegation in violation of the foregoing shall be null and void. No
Investor may enter into an agreement with any other Investor with respect to the subject matters covered herein or the Shares without the prior written consent of the other Investors. 

9.4. Descriptive Heading. The descriptive headings of this Agreement are for convenience of reference only, are not to be considered a
part hereof and shall not be construed to define or limit any of the terms or provisions hereof. 
 9.5. Counterparts. This Agreement
may be executed in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one instrument. 

9.6. Severability. In the event that any provision hereof would, under applicable law, be invalid or unenforceable in any respect, such
provision shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable law. The provisions hereof are severable, and in the event any provision hereof should
be held invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof. 

9.7. No Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, each Investor covenants, agrees and
acknowledges that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any current or future director, officer, employee, general or limited partner or member of any
Investor or of any Affiliate or assignee thereof, as such, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and
acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future officer, agent or employee of any Investor or any current or future member of any Investor or any current or future
director, officer, employee, partner or member of any Investor or of any Affiliate or assignee thereof, as such, for any obligation of any Investor under this Agreement or any documents or instruments delivered in connection with this Agreement for
any claim based on, in respect of or by reason of such obligations or their creation. 
  

	 	10.	Confidentiality. 

 10.1. General. Each Investor agrees that it will keep
confidential and will not disclose, divulge or use for any purpose, other than as permitted by this Agreement, any confidential information provided to or learned by such party in connection with their respective rights under this Agreement, unless
such confidential information (a) is known or becomes known to the public in general (other than as a result of a breach of this Section 10 by such party or its Affiliates), (b) is or has been independently developed
or conceived by such party without use of such confidential information or (c) is or has been made known or disclosed to such party by a third party (other than an Affiliate of such party) without a breach of any obligation of confidentiality
such third party may have; provided, however, that an Investor may disclose confidential information (x) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection their
respective rights under this Agreement, (y) to any Affiliate of such party and their respective directors, officers and employees, in each case in the ordinary course of business, or (z) subject to Section 10.2,
as may otherwise be required by law or legal, judicial or regulatory process or requested by any regulatory or self-regulatory authority or examiner, provided that such party takes reasonable steps to minimize the extent of any required
disclosure described in this clause (z); and provided, further, however, that the acts and omissions of any Person to whom such Investor may disclose confidential information pursuant to clauses (x) and (y) of the preceding
proviso will be attributable to such party for purposes of determining such party’s compliance with this Section 10. 

  
 -20- 

 10.2. Disclosure to Governmental Bodies. Unless prohibited by applicable law, all
analyses, appearances, meetings, discussions, presentations, memoranda, briefs, filings, arguments, and proposals made by or on behalf of the Contributor or any Investor before any Governmental Body, in connection with the transactions contemplated
hereunder (but, for the avoidance of doubt, not including any interactions between Contributor or any Investor with Governmental Body in the ordinary course of business, any disclosure which is not permitted by applicable law or any disclosure
containing confidential information) shall be disclosed to the other parties in advance of any filing, submission or attendance, it being the intent that the parties will consult and cooperate with one another, and consider in good faith the views
of one another, in connection with any such analyses, appearances, meetings, discussions, presentations, memoranda, briefs, filings, arguments, and proposals; provided, however, that materials or information revealing the value of the transaction or
containing attorney-client privileged information, communications or work product or any confidential information may be provided on an outside-counsel basis only, in which case each party shall cause their respective outside counsel not to share
such information with any other Person. Unless prohibited by a Governmental Body, each party shall give notice to the other parties with respect to and permit the other parties to participate in any meeting, discussion, communication, appearance or
contact with any Governmental Body, with such notice being sufficient to provide the other parties with the opportunity to attend and participate in such meeting, discussion, appearance or contact. 

 

	 	11.	Governing Law; Jurisdiction, Etc. 

 11.1. Governing Law; Venue. 

(a) This Agreement will be governed by, and construed in accordance with, the laws of the State of New York, regardless of the
laws that might otherwise govern under applicable principles of conflicts of laws thereof. 
 (b) The parties hereto agree
that any Legal Proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the any court of competent jurisdiction in the
State of New York and any appellate court therefrom. Each party hereto hereby irrevocably submits to the exclusive jurisdiction of such court in respect of any legal or equitable Legal Proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby, or relating to enforcement of any of the terms of this Agreement, and hereby waives, and agrees not to assert, as a defense in any such Legal Proceeding, any claim that it is not subject personally to the
jurisdiction of such court, that the Legal Proceeding is brought in an inconvenient forum, that the venue of the Legal Proceeding is improper or that this Agreement or the transactions contemplated hereby may not be enforced in or by such courts.
Each party hereto agrees that notice or the service of process in any Legal Proceeding arising out of or relating to this Agreement or the transactions contemplated hereby shall be properly served or delivered if delivered in the manner contemplated
by Section 9.2 or in any other manner permitted by applicable law. 
 (c) EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 -21- 

 11.2. Exercise of Rights and Remedies. No delay of or omission in the exercise of any
right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or
default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 

[Signature pages follow] 

  
 -22- 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Agreement (or caused
this Agreement to be executed on its behalf by its officer or representative thereunto duly authorized) under seal as of the date first above written. 

INVESTORS: 
  

			
	SANKATY CHAMPION HOLDINGS, LLC
	
	By: Bain Capital Credit Member, LLC, its manager
		
		 	By: /s/ Andrew S.
Viens                                    
		 	Name: Andrew S. Viens
		 	Title:   Executive Vice President
	
	SANKATY CREDIT OPPORTUNITIES IV, L.P.
		
	By:	 	Sankaty Credit Opportunities Investors IV, LLC,
		 	its general partner
	By:	 	Bain Capital Credit Member, LLC
		 	its managing member
		
		 	By: /s/ Andrew S.
Viens                                    
		 	Name: Andrew S. Viens
		 	Title:   Executive Vice President

  
 [Signature Page to
Amended and Restated Coordination Agreement] 

 
	
	CCP CHAMPION INVESTORS, LLC
	
	 By: CENTERBRIDGE ASSOCIATES, L.P., its general manager

By: CENTERBRIDGE CAYMAN GP LTD., its general partner

	
	By: /s/ Susanne V.
Clark                                        
  
	Name: Susanne V. Clark
	Title:   Authorized Signatory
	
	CENTERBRIDGE CAPITAL PARTNERS, L.P.
	
	By: CENTERBRIDGE ASSOCIATES, L.P., its general partner
	
	By: CENTERBRIDGE CAYMAN GP LTD., its general partner
	
	By: /s/ Susanne V.
Clark                                        
  
	Name: Susanne V. Clark
	Title:   Authorized Signatory
	
	CENTERBRIDGE CAPITAL PARTNERS STRATEGIC, L.P.
	
	By: CENTERBRIDGE ASSOCIATES, L.P., its general partner
	
	By: CENTERBRIDGE CAYMAN GP LTD., its general partner
	
	By: /s/ Susanne V.
Clark                                        
  
	Name: Susanne V. Clark
	Title:   Authorized Signatory
	
	CENTERBRIDGE CAPITAL PARTNERS SBS, L.P.
	
	By: CCP SBS GP, LLC, its general partner
	
	By: /s/ Susanne V.
Clark                                        
  
	Name: Susanne V. Clark
	Title:   Authorized Signatory

  
 [Signature Page to
Amended and Restated Coordination Agreement] 

 
	
	MAK CHAMPION INVESTMENT LLC
	
	By: MAK Capital Fund L.P.
	
	By: /s/ Michael
Kaufman                                        
  
	       Name: Michael Kaufman
	       Title: Portfolio Manager
	
	MAK-RO CAPITAL MASTER FUND L.P.
	
	By: MAK GP LLC, its general partner
	
	By: /s/ Michael
Kaufman                                        
  
	       Name: Michael Kaufman
	       Title: Portfolio Manager

  
 [Signature Page to
Amended and Restated Coordination Agreement] 

 Acknowledged and agreed: 
  

	
	CENTERBRIDGE CAPITAL PARTNERS AIV I, L.P.
	
	By: CENTERBRIDGE ASSOCIATES, L.P.,
	its general partner
	
	By: CENTERBRIDGE CAYMAN LTD.,
	its general partner
	
	By: /s/ Suanne V.
Clark                                      
	Name: Susanne V. Clark
	Title:   Authorized Signatory
	
	CENTERBRIDGE CAPITAL PARTNERS STRATEGIC AIV I, L.P.
	
	By: CENTERBRIDGE ASSOCIATES, L.P.,
	its general partner
	
	By: CENTERBRIDGE CAYMAN GP LTD.,
	its general partner
	
	By:
/s/ Susanne V. Clark                                   
   
	Name: Susanne V. Clark
	Title:   Authorized Signatory

  
 [Signature Page to
Amended and Restated Coordination Agreement]EX-10.4

 Exhibit 10.4 

SKYLINE CHAMPION CORPORATION 

INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of June 4, 2018, between Skyline Champion
Corporation, an Indiana corporation (the “Company”), and [                    ] (“Indemnitee”). 

WITNESSETH THAT: 
 WHEREAS, the
board of directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals, the Company will maintain on an ongoing basis, at its sole expense, liability insurance to protect persons
serving the Company and its subsidiaries from certain liabilities. In addition, the Amended and Restated By-laws (the “By-Laws”) of the Company require
indemnification of the directors, officers and any person who at the request of the Company is or was serving as a director, officer, partner or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise, from any and all of the expenses or liabilities incurred by him or her in certain actions, suits, or proceedings. Indemnitee may also be entitled to indemnification pursuant to the Indiana Business Corporation Law (the
“IBCL”). The By-laws and the IBCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between
the Company and members of the Board, officers and other persons with respect to indemnification; 
 WHEREAS, the Board has determined that
it is in the best interests of the Company’s shareholders to assure members of the Board, officers and certain other persons that there will be increased certainty of such protection in the future; 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on
behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified; 

WHEREAS, this Agreement is a supplement to and in furtherance of the By-laws and any resolutions
adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; 

WHEREAS, Indemnitee does not regard the protection available under the By-laws and insurance as
adequate in the present circumstances, and may not be willing to serve as an officer or director without adequate protection, and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take
on additional service for or on behalf of the Company on the condition that he or she be so indemnified; and 
 WHEREAS, Indemnitee has or
may have in the future certain rights to indemnification and/or insurance provided by other entities and/or organizations that Indemnitee intends to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided herein,
with the Company’s acknowledgement and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve on the Board. 

 NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve as a director from and
after the date hereof, the parties hereto agree as follows: 
 1. Indemnity of Indemnitee. The Company hereby agrees to hold harmless
and indemnify Indemnitee to the fullest extent permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof: 

(a) Proceedings. Indemnitee shall be entitled to the rights of indemnification provided in this Section l(a) if, by reason of
his or her Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as hereinafter defined), including without limitation a Proceeding by or in the right of the Company.
Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him or her, or on
his or her behalf, in connection with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and
with respect to any criminal Proceeding, had reasonable cause to believe the Indemnitee’s conduct was lawful or had no reasonable cause to believe the Indemnitee’s conduct was unlawful. 

(b) Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee is, by reason of his or her Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, he or she shall be indemnified to the maximum extent permitted by law, as such may be amended
from time to time, against all Expenses reasonably incurred by him or her or on his or her behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but
less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses reasonably incurred by him or her on his or her behalf in connection with each successfully resolved claim, issue or matter. For
purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

2. Additional Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in
Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him
or her or on his or her behalf if, by reason of his or her Corporate Status, he or she is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company), including, without
limitation, all liability arising out of the negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be
obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be prohibited under applicable law. 

  
 2 

 3. Contribution. 

(a) Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any threatened, pending
or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement
of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of
any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee.

 (b) Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason,
Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received
by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand,
from the transaction or events from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to
the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on
the other hand, in connection with the transaction or events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which applicable law may require to be considered. The relative fault
of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand,
shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their
conduct is active or passive. 
 (c) The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of
contribution that may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee. 

(d) To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits
received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in
connection with such event(s) and/or transaction(s). 

  
 3 

 4. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of his or her Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which Indemnitee is not a party, he or she shall be indemnified against
all Expenses reasonably incurred by him or her or on his or her behalf in connection therewith. 
 5. Advancement of Expenses.
Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30) days after
the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Indemnitee’s right to such advancement is not subject
to the satisfaction of any standard of conduct. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by a written undertaking by or on behalf of Indemnitee to
repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be unsecured
and interest free. 
 6. Procedures and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this
Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the IBCL and public policy of the State of Indiana. Accordingly, the parties agree that the following procedures and presumptions shall apply in
the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 
 (a) To obtain indemnification
under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what
extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. Notwithstanding the
foregoing, any failure of Indemnitee to provide such a request to the Company, or to provide such a request in a timely fashion, shall not relieve the Company of any liability that it may have to Indemnitee unless, and to the extent that, such
failure actually and materially prejudices the interests of the Company. 
 (b) Upon written request by Indemnitee for indemnification
pursuant to the first sentence of Section 6(a) hereof, a determination with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four methods, which shall be at the
election of the Board: (1) by a majority vote of the disinterested directors, even though less than a quorum, (2) by a committee of disinterested directors designated by a majority vote of the disinterested directors, even though less than
a quorum, (3) if there are no disinterested directors or if the disinterested directors so direct, by independent legal counsel in a written opinion to the Board, a copy of which shall be delivered to the Indemnitee, or (4) if so directed
by the Board, by the shareholders of the Company (but shares owned by or voted under the control of directors who are not disinterested directors may not be voted on the determination). For purposes hereof, disinterested directors are those members
of the Board who are not parties to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee. 

  
 4 

 (c) If the determination of entitlement to indemnification is to be made by Independent Counsel
pursuant to Section 6(b) hereof, the Independent Counsel shall be selected as provided in this Section 6(c). The Independent Counsel shall be selected by the Board. Indemnitee may, within 10 days
after such written notice of selection shall have been given, deliver to the Company a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not
meet the requirements of Independent Counsel (as defined in Section 13), and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected
shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is
without merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to,
either the Company or Indemnitee may petition the Indiana Court or other court of competent jurisdiction for resolution of any objection which shall have been made by the Indemnitee to the Company’s selection of Independent Counsel and/or for
the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent
Counsel under Section 6(b) hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to
Section 6(b) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was
selected or appointed. 
 (d) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or
entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing
evidence. Any determination with respect to entitlement to indemnification hereunder that is adverse to Indemnitee may be challenged by the Indemnitee in Indiana Court. Neither the failure of the Company (including by its directors or independent
legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual
determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the
applicable standard of conduct. 
 (e) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the
records or books of account of the Enterprise (as hereinafter defined), including financial statements, or on information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Enterprise in the course of their
duties, or on the advice of legal counsel for the Enterprise or on information or records given or 

  
 5 

 
reports made to the Enterprise by an independent certified public accountant, financial advisor or by an appraiser or other expert selected with reasonable care by the Enterprise. In addition,
the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the
foregoing provisions of this Section 6(e) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of the Company, or , in the event of a criminal proceeding, it shall be presumed that the Indemnitee had reasonable cause to believe the Indemnitee’s conduct was lawful or had no reasonable cause to believe the Indemnitee’s
conduct was unlawful. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 

(f) If the person, persons or entity empowered or selected under Section 6 to determine whether Indemnitee is
entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and
Indemnitee shall be entitled to such indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the
request for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an
additional thirty (30) days, if the person, persons or entity making such determination with respect to entitlement to indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section 6(f) shall not apply if the determination of entitlement to indemnification is to be made by the shareholders pursuant to
Section 6(b) of this Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination, the Board or the Disinterested Directors, if appropriate, resolve to submit
such determination to the shareholders for their consideration at an annual meeting thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of shareholders is
called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat. 

(g) Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any Independent Counsel, member of the Board or stockholder of the Company shall act reasonably and in good faith in making a determination regarding the Indemnitee’s entitlement to
indemnification under this Agreement. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

  
 6 

 (h) The Company acknowledges that a settlement or other disposition short of final judgment may
be successful if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against
Indemnitee (including, without limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise in such action,
suit or proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 

(i) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea
of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in
a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct was unlawful. 

7. Remedies of Indemnitee. 

(a) In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is
not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification is made
pursuant to Section 6(b) of this Agreement within ninety (90) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to this Agreement within ten
(10) days after receipt by the Company of a written request therefor or (v) payment of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such
determination is deemed to have been made pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Indiana, or in any other court of competent
jurisdiction, of Indemnitee’s entitlement to such indemnification. Indemnitee shall commence such proceeding seeking an adjudication within one hundred eighty (180) days following the date on which Indemnitee first has the right to
commence such proceeding pursuant to this Section 7(a). The Company shall not oppose Indemnitee’s right to seek any such adjudication. 

(b) In the event that a determination shall have been made pursuant to Section 6(b) of this Agreement that
Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the merits, and Indemnitee shall not be prejudiced by
reason of the adverse determination under Section 6(b). 
 (c) If a determination shall have been made pursuant to
Section 6(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 7,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s misstatement not materially misleading in connection with the application for indemnification, or (ii) a
prohibition of such indemnification under applicable law. 

  
 7 

 (d) In the event that Indemnitee, pursuant to this Section 7, seeks a
judicial adjudication of his or her rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’ liability insurance policies maintained by the Company, the Company shall pay on his or
her behalf, in advance, any and all expenses (of the types described in the definition of Expenses in Section 13 of this Agreement) actually and reasonably incurred by him or her in such judicial adjudication, regardless of
whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery. 
 (e)
The Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate
in any such court that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company
of a written request therefore) advance, to the extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement of Expenses from the
Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of
Expenses or insurance recovery, as the case may be. 
 (f) Notwithstanding anything in this Agreement to the contrary, no determination as
to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding. 
 8.
Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification; Subrogation. 

(a) The rights of indemnification as provided by this Agreement will be in addition to any other rights to which Indemnitee may at any time be
entitled under applicable law, the Company’s Certificate of Incorporation, the By-laws, any agreement, a vote of stockholders, a resolution of the Board, or otherwise (collectively, “Other
Indemnity Provisions”). No amendment or alteration of the Company’s Certificate of Incorporation or the By-laws or another agreement shall adversely affect the rights provided to Indemnitee under
this Agreement; provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be deemed to have such greater right hereunder and
(b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will be deemed to have such greater right
hereunder. The Company will not adopt any amendment to any of the Constituent Documents the effect of which would be to deny, diminish or encumber Indemnitee’s right to indemnification under this Agreement or any Other Indemnity Provision. No
amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to
such amendment, alteration or repeal. To the extent that a change in the IBCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the By-Laws and
this Agreement, it is the intent of the parties 

  
 8 

 
hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy,
and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 
 (b) To the extent that the Company
maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise that such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, agent
or fiduciary under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has directors and officers liability insurance in effect, the Company shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all amounts payable as a result of such proceeding in accordance with the terms of such policies. 
 (c) The Company hereby acknowledges
that Indemnitee has or may have in the future certain rights to indemnification, advancement of expenses and/or insurance provided by other entities and/or organizations that are not part of the Enterprise (collectively, the “Fund
Indemnitors”). The Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification
for the same expenses or liabilities incurred by Indemnitee are secondary), (ii) that it shall be required to advance the full amount of expenses incurred by Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties,
fines and amounts paid in settlement to the extent legally permitted and as required by the terms of this Agreement or the By-laws (or any other agreement between the Company and Indemnitee), without regard to
any rights Indemnitee may have against the Fund Indemnitors, and, (iii) that it irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other
recovery of any kind in respect thereof. The Company further agrees that no advancement or payment by the Fund Indemnitors on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall
affect the foregoing and the Fund Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of Indemnitee against the Company. The Company and Indemnitee agree
that the Fund Indemnitors are express third party beneficiaries of the terms of this Section 8(c). 
 (d) Except
as provided in paragraph (c) above, in the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee. Indemnitee shall execute all papers required and
take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

(e) Except as provided in paragraph (c) above, the Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

  
 9 

 (f) Except as provided in paragraph (c) above, the Company’s obligation to indemnify
or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be
reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. 

9. Exception to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this
Agreement to indemnify Indemnitee: 
 (a) for any amount for which payment has actually been made to or on behalf of Indemnitee under any
insurance policy or other indemnity provision, except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision, provided, that the foregoing shall not affect the rights of Indemnitee or the Fund
Indemnitors set forth in Section 8(c) above; or 
 (b) for a disgorgement of profits made from the purchase and
sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or

 (c) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of
any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) such Proceeding is initiated to enforce Indemnitee’s rights hereunder in accordance with
Section 7 above, (ii) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (iii) the Company provides the indemnification, in its sole discretion, pursuant to the powers
vested in the Company under applicable law. 
 10. Duration of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is an officer or director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 7 hereof) by reason of his or her Corporate
Status, whether or not he or she is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), assigns,
spouses, heirs, executors and personal and legal representatives. 

  
 10 

 11. Security. To the extent requested by Indemnitee and approved by the Board, the Company
may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not
be revoked or released without the prior written consent of the Indemnitee. 
 12. Enforcement. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director, officer or other person in service of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer or other person in service of the
Company. 
 (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 

(c) The Company shall not seek from a court, or agree to, a “bar order” which would have the effect of prohibiting or limiting the
Indemnitee’s rights to receive advancement of expenses under this Agreement. 
 13. Definitions. For purposes of this Agreement:

 (a) “Corporate Status” describes the status of a person who is or was a director, officer, employee, agent or fiduciary
of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving at the express written request of the Company. 

(b) “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of
which indemnification is sought by Indemnitee. 
 (c) “Enterprise” shall mean the Company and any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express written request of the Company as a director, officer, employee, agent or fiduciary, or any subsidiary thereof. 

(d) “Expenses” shall include all attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types incurred in connection with prosecuting, defending, preparing to prosecute
or defend, investigating, participating, or being or preparing to be a witness in a Proceeding, or responding to, or objecting to, a request to provide discovery in any Proceeding. Expenses also shall include Expenses incurred in connection with any
appeal resulting from any Proceeding and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, including without limitation the premium, security for,
and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 

  
 11 

 (e) “Independent Counsel” means a law firm, or a member of a law firm, that is
experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to
matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and
damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 (f) “Proceeding” includes any
threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the
Company or otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of his or her Corporate Status, by reason of any action taken by him or her of any
inaction on his part while acting in his or her Corporate Status; in each case whether or not he or she is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this
Agreement; including one pending on or before the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his or her rights under this Agreement. 

14. Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of
any other provision. Further, the invalidity or unenforceability of any provision hereof as to Indemnitee shall in no way affect the validity or enforceability of any provision hereof as to the other. Without limiting the generality of the
foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law, such provision shall be deemed modified,
consistent with the aforementioned intent, to the extent necessary to resolve such conflict. 
 15. Modification and Waiver. No
supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
 16. Notice By Indemnitee.
Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter that may be subject
to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay
materially prejudices the Company. 

  
 12 

 17. Notices. All notices and other communications given or made pursuant to this Agreement
shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so
confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications shall be sent: 
 (a) To Indemnitee at the address
set forth below Indemnitee signature hereto. 
 (b) To the Company at: 

Skyline Champion Corporation 

P.O. Box 743 

2520 By-Pass Road 

Elkhart Indiana 46515 

Attn: Roger K. Scholten 
 or to
such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 
 18.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by
facsimile transmission or by electronic mail in “portable document format” and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

19. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction thereof. 
 20. Governing Law and Consent to Jurisdiction. This Agreement and the
legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Indiana, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally
(i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the state courts of the State of Indiana (the “Indiana Court”), and not in any other state or federal court in
the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Indiana Court for purposes of any action or proceeding arising out of or in connection with this Agreement,
(iii) waive any objection to the laying of venue of any such action or proceeding in the Indiana Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Indiana Court has been
brought in an improper or inconvenient forum. 
 SIGNATURE PAGE TO FOLLOW 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement on and as of
the day and year first above written. 
  

	
	 CHAMPION SKYLINE CORPORATION
  

	By:                                     
                                         
                  
	 Name:

	 Title:
  

	 INDEMNITEE
  

	  

	Name:
	Address:

  
 SIGNATURE PAGE TO
INDEMNIFICATION AGREEMENT

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