Document:

Form of Registration Rights Agreement

 Exhibit 10.6 
 REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights Agreement (this
“Agreement”), dated as of March [•], 2012, is entered into by and between American Electric Technologies, Inc., a Florida corporation (the “Company”), and JCH Crenshaw Holdings, LLC, a Texas limited
liability company (“Investor”). 
 RECITALS 

WHEREAS, pursuant to that certain Securities Purchase Agreement by and between the Company and Investor executed on March
[•], 2012 (the “Purchase Agreement”), Investor will purchase from the Company (i) 250,000 shares of Series A Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred”), and
(ii) warrants (the “Warrants”) to purchase 325,000 shares of Common Stock, par value $0.001 per share (the “Common Stock”), on the terms contained therein. 

WHEREAS, as a condition to Investor’s obligation to consummate the transactions contemplated by the Purchase Agreement, the Company
has agreed to grant certain registration rights with respect to their Registrable Securities (as defined below) as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree
as follows: 
 Section 1. Definitions.
 For purposes of this Agreement, the terms set forth below shall have the respective meanings assigned to them in this Section 1. All capitalized terms used but not defined in this Agreement shall
have the meanings assigned to them in the Purchase Agreement. 
 “Registrable Securities” shall mean
(i) the shares of Common Stock issuable upon conversion of the Series A Preferred, (ii) the shares of Common Stock issuable upon exercise(s) of the Warrants and (iii) any securities issued or issuable with respect to the securities
described in clauses (i) and (ii) by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization; provided, however, that as to any particular
Registrable Securities, such securities shall cease to be Registrable Securities when (x) a registration statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have
been disposed of in accordance with such registration statement or (y) such securities shall have been sold to the public pursuant to Rule 144 (or any successor provision) under the Securities Act. 

“Stockholders” shall mean any Person that holds Registrable Securities. 

Section 2. Demand Registration Rights. 
 2.1 The Company hereby grants to the Stockholders, and to each of them, the right to require the Company to use its best efforts to cause the registration for sale in a public offering of all or a portion
of the Stockholders’ Registrable Securities in 

 
accordance with this Section 2; provided, however, that the Company shall not have any obligation to effect more than a total of one (1) effective registration pursuant to this
Section 2. If the Company shall have received a written request submitted by one or more Stockholders owning at least a majority of the Registrable Securities outstanding (assuming for purposes of such calculation the conversion of all Series A
Preferred and exercise of all Warrants in each case then constituting Registrable Securities) at the time of such request (the “Requisite Holders”) that such Stockholders desire to have the Company register Registrable Securities
for sale and specifying the number of Registrable Securities proposed to be sold (for the purposes of this Section 2, together with the Registrable Securities referred to in subsection 2.1.2 below, “Covered Securities”), which
request shall in no event cover less than 25% of the Registrable Securities (assuming for purposes of such calculation the conversion of all Series A Preferred and exercise of all Warrants in each case then constituting Registrable Securities), and
the proposed plan for distribution of the Covered Securities, the Company will: 
 2.1.1 Give prompt (but in any
event within fifteen (15) days after the receipt of the Requisite Holders’ notice) notice to all other Stockholders of such request and of such other Stockholders’ rights to have their Registrable Securities included in such
registration. 
 2.1.2 Upon the request of any such Stockholder made within fifteen (15) days after the
receipt by such Stockholder of the notice given pursuant to subsection 2.1.1 (which request shall specify the Registrable Securities intended to be included in such registration by such Stockholder and the intended method or methods of disposition
thereof), the Company will use its reasonable best efforts to effect the registration of all Covered Securities which the Company has been so requested to register pursuant to this Section 2.1. 

2.1.3 Prepare and file as soon as practicable, but in no event later than thirty (30) days from the Company’s
receipt of the last Stockholder’s request to have such Stockholder’s Registrable Securities included in such registration within the time period specified in Section 2.1.2, a registration statement under the Securities Act (inclusive
of the Prospectus included therein, all supplements and amendments thereto, and all exhibits and materials incorporated by reference therein, a “Registration Statement”) with the Securities and Exchange Commission
(“Commission”) on Form S-1 (or Form S-3, if the Company is entitled to use such form, or other appropriate forms available for use by the Company) and use its reasonable best efforts to cause such Registration Statement to
become effective in order that the Stockholders may sell the Covered Securities in accordance with the proposed plan of distribution. 
 2.1.4 Prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in connection therewith including any preliminary prospectus or
supplemental or amended prospectus (a “Prospectus”) as may be necessary to keep such Registration Statement continuously effective and to comply with the provisions of the 

  
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Securities Act with respect to the offer of the Covered Securities during the period required for distribution of the Covered Securities, which period shall not be in excess of the earlier of
(i) two years from the effective date of such Registration Statement and (ii) the sale or other disposition of all Covered Securities covered by such Registration Statement. 

2.1.5 Furnish to each Stockholder such number of copies of the Prospectus (including any preliminary prospectus or
supplemental or amended prospectus) as such Stockholder may reasonably request in order to facilitate the sale and distribution of the Covered Securities. 
 2.1.6 Notwithstanding the foregoing, if the Company shall furnish to each Stockholder a certificate signed by the President of the Company stating that, in the good faith judgment of the Board of
Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such Registration Statement to be filed and it is therefore essential to defer the filing of such Registration Statement, the Company shall have the
right to defer such filing for a period of not more than sixty (60) days after receipt of the request of the Stockholder; provided, however, that the Company may not utilize this right with respect to a request under
Section 2 more than once in any twelve (12) month period. 
 2.2 The right of each Stockholder to
require the Company to register Covered Securities pursuant to the provisions of this Section 2 shall be subject to the condition that if a request for registration is made within sixty (60) days prior to the conclusion of the
Company’s then current fiscal year, the Company shall have the right to delay the filing of the Registration Statement until the Company files with the Commission its audited financial statements for such fiscal year. 

2.3 If the Requisite Holders intend to distribute the Registrable Securities covered by the notice pursuant to
Section 2.1 by means of an underwriting, the Requisite Holders shall so advise the Company as a part of the notice made pursuant to Section 2.1 and provide the name of the managing underwriter or underwriters that the Requisite Holders
propose to engage in connection with the proposed public offering. If the managing underwriter of such underwritten offering shall inform the Company and the Stockholders requesting that their Covered Securities be registered pursuant to this
Section 2 by letter of its belief that the amount of Covered Securities requested to be included in such registration exceeds the amount which can be sold in (or during the time of) such offering within a price range acceptable to the Requisite
Holders, then the Company will include in such registration such amount of Covered Securities which the Company is so advised can be sold in (or during the time of) such offering pro rata on the basis of the amount of such Covered Securities
so proposed to be sold and so requested to be included by the respective Stockholders. 
 2.4 A registration
shall not be deemed to have been effected (i) unless it has become effective and remained effective for the period specified in subsection 2.1.4, (ii) if, after it has become effective, such registration is terminated by a stop order,

  
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injunction or other order of the Commission or other governmental agency or court, or (iii) if the conditions to closing specified in any purchase agreement or underwriting agreement entered
into in connection with such registration are not satisfied for any reason, other than as a result of the voluntary termination of such offering by the Requisite Holders or any failure by the Requisite Holders to satisfy or perform the conditions or
covenants on their part to be satisfied or performed. 
 Section 3. Piggy-Back Registration Rights. 

3.1 If the Company proposes to file, on its own behalf or on behalf of any holder of Common Stock or other securities of
the Company, a Registration Statement under the Securities Act on Form S-1 or S-3 or similar forms available for use by the Company, other than pursuant to Section 2 of this Agreement or on Form S-8 in connection with a dividend
reinvestment, employee stock purchase or employee stock option plan or similar plan or on Form S-4 in connection with a merger, consolidation or reorganization, the Company shall give written notice to each Stockholder at least ten (10) days
before the filing with the Commission of such Registration Statement. Such notice shall offer to include in such filing all or a portion of the Registrable Securities owned by each Stockholder. If a Stockholder desires to include all or a portion of
its Registrable Securities in such Registration Statement, it shall give written notice to the Company within three (3) business days after the date of mailing of such offer specifying the amount of Registrable Securities to be registered (for
purposes of this Section 3, “Covered Securities”). The Company shall thereupon include in such filing the Covered Securities, subject to priorities in registration set forth in this Agreement, and subject to its right to
withdraw such filing, and shall use its reasonable best efforts to effect the registration under the Securities Act of the Covered Securities. 
 3.2 The right of a Stockholder to have Covered Securities included in any Registration Statement in accordance with the provisions of this Section 3 shall be subject to the following conditions:

 3.2.1 The Company shall have the right to require that the Stockholder agree to refrain from offering or
selling any shares of Common Stock that it owns which are not included in any such Registration Statement filed on the Company’s behalf in accordance with this Section 3 for any reasonable time period, not to exceed ninety (90) days,
as may be specified by any managing underwriter of the offering to which such Registration Statement relates. 

3.2.2 If (i) a registration pursuant to this Section 3 involves an underwritten offering of the securities being
registered to be distributed (on a firm commitment basis) by or through one or more underwriters of recognized standing under underwriting terms appropriate for such a transaction and (ii) the managing underwriter of such underwritten offering
shall inform the Company and the Stockholders who have requested that their Covered Securities be registered pursuant to this Section 3 by letter of its belief that the amount of Covered Securities requested to be included in such registration
exceeds the amount which can be sold in (or during the time of) such offering within a price 

  
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range acceptable to the Company or the requesting Stockholders holding a majority of the Covered Securities, then the Company will include in such registration such amount of securities which the
Company is so advised can be sold in (or during the time of) such offering as follows: (A) if the Registration Statement was filed by the Company on its own behalf, first, the securities being offered by the Company for its own account;
second, the Covered Securities of the Stockholders which are requested to be included in such registration pro rata on the basis of the amount of such Covered Securities so proposed to be sold and so requested to be included by such
Stockholders; and third, the securities of the Company, if any, proposed to be included in the registration by any other holders of the Company’s securities (whether or not such holders have contractual rights to include such securities
in the registration); and (B) if the Registration Statement was filed by the Company on behalf of a Person other than the Company, first, the securities of the Company being offered by the Person requesting such registration;
second, the Covered Securities of the Stockholders which are requested to be included in such registration pro rata on the basis of the amount of such Covered Securities so proposed to be sold and so requested to be included by such
Stockholders; third, the securities of the Company, if any, that the Company proposes to offer for its own account; and fourth, the securities of the Company, if any, proposed to be included in the registration by any other holders of
the Company’s securities (whether or not such holders have contractual rights to include such securities in the registration). 
 3.2.3 The Company shall furnish each Stockholder with such number of copies of the Prospectus as such Stockholder may reasonably request in order to facilitate the sale and distribution of its Covered
Securities. 
 3.3 Notwithstanding the foregoing, the Company in its sole discretion may determine not to file
the Registration Statement or proceed with the offering as to which the notice specified in Section 3.1 is given, without liability to the Stockholders. 
 Section 4. Participation in Underwritten Registrations. A Stockholder may not participate in any registration hereunder which relates to an underwritten offering unless such Stockholder
(a) agrees to sell its Registrable Securities included in such registration on the basis provided in any underwriting arrangements approved by the holders of at least a majority of the Registrable Securities to be included in such registration,
or by a Person appointed by such holders to act on their behalf to approve such arrangements, and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required
under the terms of such underwriting arrangements, provided, however, that no Stockholder shall be required to make any representations or warranties to, or agreements with, the Company or any underwriters other than such representations,
warranties or agreements as are customary and reasonably requested by the underwriters. 
 Section 5. No Contravening
Agreements. From and after the date of this Agreement, the Company will not, without the prior written consent of Stockholders holding at least a majority of the Registrable Securities then outstanding (assuming for purposes of such
calculation the conversion of all Series A Preferred and the exercise of all Warrants in each case 

  
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then constituting Registrable Securities), enter into any agreement with respect to its securities that violates or is detrimental to the rights granted to the Stockholders in this Agreement. The
foregoing shall not restrict or prevent the Company from entering into any other agreement with any party pertaining to the registration by the Company of such party’s Common Stock, provided, however, that no such agreement shall grant
to any Person registration rights that are superior or preferential to the rights granted to the Stockholders hereunder or that would otherwise frustrate the purposes of this Agreement. The Company represents and warrants to the Stockholders that,
as of the date hereof, the Company is not a party to any agreement, other than this Agreement, pertaining to the registration by the Company of Common Stock or any security convertible into or exchangeable for Common Stock. 

Section 6. Expenses. The Company shall bear all the fees and expenses in connection with any registration under this
Agreement, other than commissions and discounts of brokers, dealers and underwriters. Such fees and expenses will include, without limitation, (i) all registration and filing fees (including without limitation fees and expenses (x) with
respect to filings required to be made with The Financial Industry Regulatory Authority, Inc. or any successor thereto and (y) of compliance with securities or blue sky laws (including without limitation reasonable fees and disbursements of
counsel for the underwriters and selling Stockholders in connection with qualifications of the Registrable Securities and determination of the eligibility of the Registrable Securities for investment under the laws of such jurisdictions as the
managing underwriter or underwriters, if any, or the selling Stockholder may designate)), (ii) printing expenses (including without limitation the expenses of printing certificates for securities in a form eligible for deposit with The
Depository Trust Company and of printing Prospectuses if the printing of Prospectuses is requested by any selling Stockholder), (ii) messenger, telephone an delivery expenses, (iv) fees and disbursements of counsel for the Company,
(v) fees and disbursements of one counsel for all selling Stockholders (which counsel will be selected by Stockholders holding a majority of the securities sought to be included in the Registration Statement), (vi) fees and disbursements
of all independent certified public accountants (including the expenses of any special audit and comfort letters required by or incident to such performance), and (vii) fees and expenses of all other Persons retained by the Company.
Notwithstanding anything to the contrary herein contained, each selling Stockholder may have its own separate counsel (in addition to the one counsel for all selling Stockholders) in connection with the registration of any of its Registrable
Securities, which counsel may participate therein to the full extent provided herein; provided that all fees and expenses of such separate counsel will by paid for by such selling Stockholder. 

Section 7. Recall of Prospectuses, etc. With respect to a Registration Statement or amendment thereto filed pursuant to this
Agreement, if, at any time, the Company notifies the Stockholders that an amendment to such Registration Statement or an amendment or supplement to the Prospectus included therein is necessary or appropriate, the Stockholders will forthwith cease
selling and distributing Registrable Securities thereunder and will, upon the Company’s request, forthwith redeliver to the Company all copies of such Registration Statement and Prospectuses then in its possession or under its control. The
Company will use its best efforts to cause any such amendment or supplement to become effective as soon as practicable and will furnish the Stockholders with a reasonable number of copies of such amended or supplemented Prospectus (and the period
during which the Company is required to use its best efforts to maintain such Registration Statement in effect pursuant to this Agreement will be increased by a 

  
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number of days equal to the number of days in the period from the date on which the Stockholders were required to cease selling and distributing Registrable Securities thereunder to the date on
which the Company delivers copies of such effective amendment or supplement to the Stockholders). 
 Section 8.
Cooperation. The Company shall be entitled to require the Stockholders to cooperate with the Company in connection with a registration of Registrable Securities pursuant to this Agreement and each Stockholder will furnish (i) such
information concerning such Stockholder as may be required by the Company or the Commission in connection therewith and (ii) such representations, undertakings and agreements as may be required by the Commission in connection therewith.

 Section 9. Registration Procedures. Upon the receipt of a request for registration of any Registrable Securities
pursuant to Section 2 or Section 3 of this Agreement, the Company will use its best efforts to effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the
Company will as expeditiously as possible: 
 9.1.1 Prepare and file with the Commission a Registration Statement
on an appropriate form under the Securities Act and use its best efforts to cause such Registration Statement to become effective at the earliest practicable date; provided, that before filing a Registration Statement or Prospectus or any
amendments or supplements thereto, including documents incorporated by reference after the initial filing of any Registration Statement, the Company will promptly furnish to the holders of Registrable Securities to be registered pursuant to this
Agreement (the “Registered Holders”) and the underwriters, if any, copies of all such documents proposed to be filed, which documents will be subject to the review of the Registered Holders and the underwriters, and the Company will
not file any Registration Statement or amendment thereto, or any Prospectus or any supplement thereto (including such documents incorporated by reference) to which the Registered Holders or the underwriters, if any, shall reasonably object in light
of the requirements of the Securities Act and any other applicable laws and regulations. 
 9.1.2 Prepare and
file with the Commission such amendments and post-effective amendments to the Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period; cause the related Prospectus to be filed pursuant to
Rule 424(b) (or any successor provision) under the Securities Act; cause such Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424(b) (or any successor provision)
under the Securities Act; and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during the applicable period in accordance with the intended methods of
disposition set forth in such Registration Statement or Prospectus or supplement to such Prospectus. 

  
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 9.1.3 Notify the Registered Holders and the managing underwriters, if any,
promptly, and (if requested by any such Person) confirm such advice in writing, (i) when a Prospectus or any supplement to a Prospectus or post-effective amendment has been filed, and, with respect to a Registration Statement or any
post-effective amendment, when the same has become effective, (ii) of any request by the Commission for amendments or supplements to a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the
Commission of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceeding for that purpose, (iv) if at any time the representations and warranties of the Company contemplated by subsection 9.1.10
cease to be true and correct, (v) of the receipt by the Company of any notification with respect to the suspension of qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such
purpose, (vi) of the happening of any event which requires the making of any changes in a Registration Statement or related Prospectus so that such documents will not contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein not misleading and (vii) of the Company’s reasonable determination that a post-effective amendment to a Registration Statement would be appropriate or that
there exist circumstances not yet disclosed to the public which make further sales under such Registration Statement inadvisable pending such disclosures and post-effective amendment. 

9.1.4 Make reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration
Statement, or the lifting of any suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction, at the earliest possible moment. 

9.1.5 If requested by the managing underwriters or the Registered Holders, immediately incorporate in a prospectus
supplement or post-effective amendment such information as the managing underwriters or the Registered Holders request be included therein relating to such sale and distribution of Registrable Securities, including, without limitation, information
with respect to the number of shares of Registrable Securities being sold to such underwriters and the purchase price being paid therefor by such underwriters and with respect to any other terms of the underwritten (or best efforts underwritten)
offering of the Registrable Securities to be sold in such offering; make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment; and supplement or make amendments to any Registration Statement if requested by the Registered Holders or any underwriter of such Registrable Securities. 

9.1.6 Upon request of a Registered Holder or a managing underwriter, if any, furnish to such Registered Holder and such
managing underwriter, if any, without charge, at least one signed copy of the Registration Statement, any post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all
exhibits (including those incorporated by reference). 

  
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 9.1.7 Deliver without charge to the Registered Holders and the underwriters,
if any, as many copies of the Prospectus or Prospectuses (including each preliminary prospectus) and any amendment or supplement thereto as such Persons may reasonably request; and the Company consents to the use of such Prospectus or any amendment
or supplement thereto by such Registered Holders and the underwriters, if any, in connection with the offer and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto. 

9.1.8 Prior to any public offering of Registrable Securities, register or qualify or cooperate with the Registered
Holders, the underwriters, if any, and respective counsel in connection with the registration or qualification of such Registrable Securities for offer and sale under the securities or blue sky laws of such domestic jurisdictions, as the Registered
Holders or an underwriter reasonably requests in writing; keep each such registration or qualification effective during the period the Registration Statement is required to be kept effective and do any and all other acts or things necessary or
advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by the applicable Registration Statement; provided, however, that the Company will not be required in connection therewith or as a condition
thereto to qualify generally to do business or subject itself to general service of process in any such jurisdiction where it is not then so subject. 
 9.1.9 Upon the occurrence of any event contemplated by subsection 9.1.3(ii)-(vii) above, prepare, to the extent required, a supplement or post-effective amendment to the applicable Registration
Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchaser of the Registrable Securities being sold thereunder, such Prospectus will not
contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 

9.1.10 Enter into such agreements (including an underwriting agreement) and take all such other actions in connection
therewith in order to expedite or facilitate the disposition of such Registrable Securities and in such connection, whether or not an underwriting agreement is entered into and whether or not the Registrable Securities to be covered by such
registration are to be offered in an underwritten offering: (i) make such representations and warranties to the Registered Holders as to the Registration Statement, Prospectus and documents incorporated by reference, if any, in form, substance
and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested; (ii) obtain opinions of counsel to the Company and updates thereof with respect to the Registration Statement and
the Prospectus in the form, 

  
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 scope and substance which are customarily delivered in underwritten offerings; (iii) in
the case of an underwritten offering, enter into an underwriting agreement in form, scope and substance as is customary in underwritten offerings and obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form,
scope and substance) shall be satisfactory to the managing underwriters and the Registered Holders) addressed to the Registered Holders and the underwriters, if any, covering the matters customarily covered in opinions delivered in underwritten
offerings and such other matters as may be requested by the Registered Holders and such underwriters; (iv) obtain comfort letters and updates thereof from the Company’s independent certified public accountants addressed to the Registered
Holders and the underwriters, if any, such letters to be in customary form and covering matters of the type customarily covered in comfort letters by accountants in connection with underwritten offerings; (v) if any underwriting agreement is
entered into, the same shall set forth in full the indemnification provisions and procedures customarily included in underwriting agreements in underwritten offerings; and (vi) the Company shall deliver such documents and certificates as may be
requested by the Registered Holders and the managing underwriters, if any, to evidence compliance with clause (i) above and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company.
The above shall be done at each closing under such underwriting or similar agreement or as and to the extent required thereunder. 
 9.1.11 Make available for inspection by a representative of the Registered Holders, any underwriter participating in any disposition pursuant to such registration, and any attorney or accountant retained
by the Registered Holders or such underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors and employees to supply all information reasonably
requested by any such representative, underwriter, attorney or accountant in connection with such registration; provided, that any records, information or documents that are designated by the Company in writing as confidential shall be kept
confidential by such Persons unless disclosures of such records, information or documents is required by court or administrative order. 
 9.1.12 Otherwise use its best efforts to comply with all applicable rules and regulations of the Commission and make generally available to its security holders earning statements satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder, no later than 90 days after the end of any 12-month period (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to
underwriters in a firm or best efforts underwritten offering and (ii) beginning with the first day of the Company’s first fiscal quarter next succeeding each sale of Registrable Securities after the effective date of a Registration
Statement, which statements shall cover said 12-month periods. 

  
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 9.1.13 Use its reasonable best efforts to list all Registrable Securities
covered by the Registration Statement on the securities exchanges or trading markets on which any of the equity securities of the Company of the same class as the Registrable Securities are then listed. 

9.1.14 Engage an appropriate transfer agent and provide such transfer agent with printed certificates for the Registrable
Securities in a form eligible for deposit with The Depository Trust Company, and provide a CUSIP number for the Registrable Securities. 
 9.1.15 At all times during the term of this Agreement, maintain the effectiveness of the registration of the Common Stock under the Exchange Act and use its reasonable best efforts to prepare and file in
a timely manner all documents and reports required by the Exchange Act. 
 9.1.16 If the Company, in the exercise
of its reasonable judgment, objects to any change requested by the Registered Holders or the underwriters, if any, to any Registration Statement or Prospectus or any amendments or supplements thereto (including documents incorporated or to be
incorporated therein by reference) as provided for in this Section 9, the Company shall not be obligated to make any such change and such Registered Holders may withdraw their Registrable Securities from such registration, in which event
(i) the Company shall pay all expenses incurred in connection with such Registration Statement or amendment thereto or Prospectus or supplement thereto, and (ii) in the case of a registration being effected pursuant to Section 2, such
registration shall not count as one of the registrations the Company is obligated to effect pursuant to Section 2. 

Section 10. Indemnification.
 10.1 In the event of any registration of any securities under the Securities Act pursuant to this Agreement, the Company will indemnify and hold harmless the Stockholders, any underwriter and each other
Person, if any, who controls a Stockholder or underwriter within the meaning of the Securities Act, and the respective officers, directors, partners, members and employees of such Stockholders, underwriters and controlling Persons, from and against
any and all losses, claims, damages or liabilities, joint or several, to which any such indemnified Person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or action in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in a Registration Statement or preliminary prospectus or final or summary prospectus contained therein, or any amendment or
supplement thereto, and any other document prepared by the Company and provided to Registered Holders for their use in connection with the registered offering, or arise out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements made therein (in the case of a Prospectus or preliminary prospectus, in light of the circumstances under which they were made) not misleading, and will reimburse such
indemnified Persons for any 

  
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 reasonable legal and other expenses incurred by them in connection with investigating or
defending any such action or claim, excluding any amounts paid in settlement of any litigation, commenced or threatened, if such settlement is effected without the prior written consent of the Company; provided, however, that the Company will
not be liable to an indemnified Person in any such case to the extent that any such loss, claim, damage, liability or expense arises out of or is based upon an untrue statement or omission or alleged untrue statement or omission made in a
Registration Statement, preliminary prospectus or final or summary prospectus or any amendment or supplement thereto or other document, in reliance upon and in conformity with written information furnished to the Company by or on behalf of such
indemnified Person, specifically for use in the preparation thereof; and provided further, that the indemnity agreement contained in this Section 10 with respect to any preliminary prospectus shall not inure to the benefit of any
indemnified Person using the same in respect of any loss, claim, damage, liability or action asserted by someone who purchased shares from such Person if a copy of an amended preliminary prospectus or prospectus supplement was delivered by the
Company to the Registered Holders and the underwriters, if any, prior to the pricing of the sale of the securities (if an underwritten offering) or prior to the effectiveness of the Registration Statement, but was not delivered to the purchaser of
the securities from the indemnified Person, and the untrue statement or omission or alleged untrue statement or omission of a material fact contained in such preliminary prospectus was corrected in the amended preliminary prospectus or prospectus
supplement. 
 10.2 In the event of any registration of securities under the Securities Act pursuant to this
Agreement, the Registered Holders, severally and not jointly, will indemnify and hold harmless the Company, each of its directors and officers, any underwriter and each other Person, if any, who controls the Company or such underwriter within the
meaning of the Securities Act, against any losses, claims, damages or liabilities to which any such indemnified Person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or action in
respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in such Registration Statement or preliminary prospectus or final or summary prospectus contained therein, or any
amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements made therein (in the case of a Prospectus or
preliminary prospectus, in light of the circumstances under which they were made) not misleading, and will reimburse such indemnified Persons for any reasonable legal and other expenses incurred by them in connection with investigating or defending
any such action or claim, excluding any amounts paid in settlement of any litigation, commenced or threatened, if such settlement is effected without the prior written consent of the indemnifying Registered Holder; but in all cases only if, and to
the extent that, any such loss, claim, damage, liability or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission therein made in reliance upon and in conformity with written
information furnished to the Company by or on behalf of the indemnifying Registered Holder specifically for use in the preparation thereof. Notwithstanding the foregoing, the amount of the indemnity provided by each Registered Holder pursuant to
this Section 10 shall not exceed the net proceeds received by such Registered Holder in the related registration and sale. 

  
 12 

 10.3 Promptly after receipt by a party entitled to indemnification under
subsection 10.1 or 10.2 hereof of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under either of such subsections, notify the indemnifying party in
writing of the commencement thereof. In case any such action is brought against the indemnified party and it shall so notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate in, and, to the
extent that it so chooses, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party, and, after notice from the indemnifying party that it so chooses, such indemnifying party shall not be liable for any legal or
other expenses subsequently incurred by such indemnified party in connection with the defense thereof, provided, however, that if the indemnifying party fails to take reasonable steps necessary to diligently defend such claim within twenty
(20) days after receiving notice from the indemnified party that the indemnified party believes the indemnifying party has failed to take such steps, the indemnified party may assume its own defense and the indemnifying party shall be liable
for any expenses therefor. The indemnity and contribution agreements in this Section 10 are in addition to any liabilities which the indemnifying parties may have pursuant to law. 

10.4 If the indemnification provided for in this Section 10 from the indemnifying party is unavailable to an
indemnified party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein, or is insufficient to hold the indemnified party harmless therefrom, then the indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and indemnified parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made
by, or relates to information supplied by, such indemnifying party or indemnified parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by an
indemnified party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in this Section 10, any legal or other fees or expenses reasonably
incurred by such party in connection with any investigation or proceeding. 
 The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 10 were determined by pro rata allocation or by any other method of allocation which does not take into account the equitable considerations referred to in the immediately
preceding paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

  
 13 

 Section 11. Sales under Rule 144. With a view to making available to the
Stockholders the benefits of Rule 144 promulgated under the Securities Act and any other similar rule or regulation of the Commission that may at any time permit the Stockholders to sell the Registrable Securities without registration, the
Company agrees to: 
 (a) make and keep available adequate current public information, as those terms are understood and defined
in Rule 144 (or any successor provision); 
 (b) file with the Commission in a timely manner all reports and other
documents required to be filed by the Company under the Securities Act and the Exchange Act; and 
 (c) furnish to any
Stockholder forthwith upon request (i) a written statement by the Company that it has complied with the foregoing requirements and (ii) such other information as may be reasonably requested by Stockholder in availing itself of any rule or
regulation of the Commission which permits the selling of any such securities without registration. 
 Section 12. Removal of
Legend. The Company agrees, to the extent allowed by law, to remove any legends on certificates representing Registrable Securities describing transfer restrictions applicable to such securities (i) upon the sale of such securities
pursuant to an effective Registration Statement under the Securities Act or in accordance with the provisions of Rule 144 under the Securities Act, or (ii) upon the written request of any holder of Registrable Securities if such securities
may then be sold without restriction under Rule 144. 
 Section 13. Lock-Up Agreements. If requested by a managing
underwriter, each holder of Registrable Securities agrees not to sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to
any Registrable Securities (or other securities) of the Company held by such holder (other than those included in the registration) for a 30-day period (or such longer period requested by the managing underwriter which shall in no event exceed 90
days). 
 Section 14. Notices. Any notices or other communications required or permitted hereunder shall be in
writing and be deemed to have been given if mailed, three business days after being deposited in the United States mail, postage prepaid and registered or certified at the addresses listed on the signature pages hereof or at such other address of
which the Company or Investor has been advised by notice hereunder. Notice shall be deemed effective upon receipt or refusal. 

Section 15. Modification. Notwithstanding anything to the contrary in this Agreement or otherwise, no modification, amendment
or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by the Company and the Stockholders holding not less than a majority of the Registrable Securities (assuming for purposes of such calculation the
conversion of all Series A Preferred and exercise of all Warrants in each case then constituting Registrable Securities) then outstanding. Any such modification, amendment or waiver shall be binding on all holders of Registrable Securities and all
Persons who may thereafter acquire any Registrable Securities. 

  
 14 

 Section 16. Non-Waiver. The failure to enforce at any time any of the provisions
of this Agreement, or to require at any time performance by any other party of any of the provisions hereof, shall in no way be construed to be a waiver of such provisions. 
 Section 17. Partial Invalidity. If any clause, sentence, paragraph, section or part of this Agreement shall be deemed invalid, unenforceable or against public policy, the part that is invalid,
unenforceable or contrary to public policy shall not affect, impair, invalidate or nullify the remainder of this Agreement, but the invalidity, unenforceability or contrariness to public policy shall be confined only to the clause, sentence,
paragraph, section or part of this Agreement so invalidated, unenforceable or against public policy. 
 Section 18.
Termination of Registration Right. Notwithstanding any other provision of this Agreement to the contrary, the registration rights granted under Section 2 will terminate as to any Stockholder upon the first day the Stockholder is
able to sell all of the Registrable Securities then owned by such Person under Rule 144 within any given three-month period. 
 Section 19. Construction. The language in all parts of this Agreement shall in all cases be construed simply, according to its fair meaning, and shall not be construed strictly for or against
either of the parties hereto. 
 Section 20. Governing Law. This Agreement shall be governed and construed according
to the laws of the State of Texas, without regard to its conflicts of law principles. 
 Section 21.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute but one and the same instrument. 

Section 22. Further Assurances. The parties hereto will do such further acts and things necessary to ensure that the terms of this
Agreement are carried out and observed. 
 Section 23. Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. 

Section 24. Specific Performance. The parties agree that, to the extent permitted by law, (i) the obligations imposed on
them in this Agreement are special, unique and of an extraordinary character, and that in the event of a breach by any such party damages would not be an adequate remedy and (ii) the other party shall be entitled to specific performance and
injunctive and equitable relief in addition to any other remedy to which it may be entitled at law or in equity. 
 [Remainder
of Page Intentionally Left Blank] 

  
 15 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

							
		 		 	AMERICAN ELECTRIC TECHNOLOGIES, INC.
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 Address for Notice: 
 American Electric Technologies, Inc. 
 6410 Long Drive 

Houston, Texas 77087 
 Attention: Frances Powell
Hawes 
 With a copy (which shall not constitute notice) to: 
 Joel Bernstein 
 2666 Tigertail Avenue, Suite 104 

Miami, Florida 33133 

Signature Page to Registration Rights Agreement 

 
			
	JCH CRENSHAW HOLDINGS, LLC
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

 Address for Notice: 
 JCH Crenshaw Holdings, LLC 
 470 Orleans St., 7th Floor 
 Beaumont, Texas 77701 
 Attention: Casey Crenshaw 

With a copy (which shall not constitute notice) to: 
 Thompson & Knight LLP 
 333 Clay Street 

Suite 3300 
 Houston, Texas 77002 

Attention: Jerry L. Metcalf 
 Fax:
(832) 397-8217 
 Signature Page to Registration Rights AgreementEX-10.1

 Exhibit 10.1 
 UNITED STATES DISTRICT COURT 
 EASTERN DISTRICT OF LOUISIANA

 NEW ORLEANS DIVISION 
  

					
	IN RE: FEMA TRAILER	    	MDL NO. 1873	    	
	FORMALDEHYDE	    		    	
	PRODUCT LIABILITY LITIGATION	    	SECTION “N-5”	    	
			
		    	JUDGE ENGELHARDT	    	
		    	MAG. JUDGE CHASEZ	    	

 THIS DOCUMENT IS RELATED TO ALL CASES 

 
  
 STIPULATION OF SETTLEMENT 
 It is hereby Stipulated and Agreed, by
and between Plaintiffs and Settlors (as those terms are hereinafter defined), that all claims set forth in the Pending Actions are settled, compromised and dismissed on the merits and with prejudice as to the Settlors on the terms and conditions set
forth in this Stipulation of Settlement (hereinafter “Agreement” or “Settlement Agreement”), subject to the approval of the Court. 
  

	I.	DEFINITIONS  

 As
used in this Agreement and the attached exhibits (which are an integral part of this Agreement and are incorporated in their entirety by reference), the following terms have the following meanings, unless a section or subsection of this Agreement or
its exhibits provides otherwise 
 A. “Agreement” or “Settlement Agreement” means this Stipulation of
Settlement and the attached exhibits. 

  
 1 

 B. “Attorneys’ Fees and Expenses” means such funds as may be awarded to the
PSC by the Court, for distribution to the PSC and/or any Class Member’s attorney, out of the Settlement Fund in connection with the MDL or any Pending Action. 
 C. “Claim” means a request for Class Benefits that is submitted by a Class Member or his or her authorized representative to the Special Master in accordance with Section VI herein. 

D. “Claim Form” means the document attached hereto as Exhibit B. 

E. “Claim Form Deadline” means the deadline set by the Court by which Claimants are required to submit a Claim to the Special
Master as provided in this Agreement 
 F. “Claimant” is a Class Member, or the legal or authorized representative of
a Class Member, who submits a Claim to the Special Master. 
 G. “Claims Process” means the process and procedure for
the submission, evaluation and resolution of Claims, as more particularly described in Section VI of this Agreement. 
 H.
“Class” and “Class Members” means: 
 (a) All individuals who claim Damages and who are named as Plaintiffs
in any and all of the Pending Actions as of the time this class settlement is submitted for Court approval at a Fairness Hearing; and 
 (b) All individuals not included in subparagraph (a), who claim to have: 
 (i) been exposed to formaldehyde in an EHU that (1) was Manufactured by any Manufacturer; and (2) was provided by FEMA to persons displaced by Hurricanes Katrina and/or Rita; and 

  
 2 

 (ii) suffered or experienced, as of the date of the final Court approval of
this class settlement, any discomfort, illness, sickness (medical, psychological or psychiatric), symptom, complaint, disability, or loss of any kind as a result of such exposure. 

I. “Class Benefits” or “Class Relief” means those monetary benefits to be given to Entitled Class Members.

 J. “Class Benefit Formula” means the formula, established by the Special Master and approved by the Court, to
establish payment amounts from the several Settlement Funds, as appropriate, to all Entitled Class Members. The Special Master shall submit the Class Benefit Formula to the Court for approval five (5) days prior to the Fairness Hearing.

 K. “Class Notice Package” means the notice package, as approved in form and content by the PSC, the Settlors and
the Court, and attached hereto as Exhibit E, to be provided to potential Class Members as set forth in Section V herein. 
 L.
“Class Representative” shall mean and refer to the those Class Members whose names will be submitted to the Court for consideration as adequate representatives of the Class and who will be designated by the Court to appear on behalf of and
to represent the Class in the Action pursuant to Rule 23 of the Federal Rules of Civil Procedure. Named as provisional class representatives for precertification purposes are those persons identified on Exhibit F attached hereto. 

M. “Court” means the United States District Court for the Eastern District of Louisiana, New Orleans Division, Hon. Kurt D.
Engelhardt presiding. 
 N. “Damages” means any and all elements of relief, remedies, or recovery of whatsoever
nature, whether now known or now unknown, existing now or arising in the future, recognized by the law of any jurisdiction, including, but not limited to money damages, past and 

  
 3 

 
future medical expenses, economic loss, property loss, compensatory, equitable, punitive or exemplary damages, loss of past or future income and wage earnings capacity, unpaid wages, past and
future physical impairment and disability, loss of enjoyment of life, past and future pain, suffering, and mental anguish, past and future disfigurement, wrongful death, loss of past and future society, companionship, and consortium, future loss of
life, hearing loss, fear of injury, fear of future injury, physical injury and disease of the head, heart, chest, lungs, back, neck, hips, extremities, and all other parts of the body, disease or other injury related to alleged exposure to
formaldehyde, and harm not yet known resulting from exposure to formaldehyde (including, but not limited to sensory irritation of the eyes, nose, and throat; upper respiratory tract pathology; pulmonary function; asthma and atopy; neurologic and
behavioral toxicity; reproductive and developmental toxicity; and immunological toxicity), cancer of any type, classification, or nature, psychological injuries, psychiatric and psychological disorders and syndromes, depression and anxiety, lost
wages, repatriation expenses, claim for transportation, court costs, and any other types of damages cognizable under any law, whether now known or now unknown or now manifested or not manifested. 

O. “Disbursing Account” means and refers to the account to be established, upon final approval by the Court, for disbursement
of settlement proceeds. 
 P. “EHU” means Emergency Housing Unit, which is a travel trailer, park model trailer or
other recreational vehicle Manufactured or alleged to have been Manufactured by a Manufacturer and that was provided by FEMA for use as emergency housing for individuals after Hurricanes Katrina and Rita. 

Q. “Entitled Class Member” means a Class Member whose Claim(s) has been adjudged (1) timely, and (2) valid and
payable by the Special Master based upon the Claims Process set forth in Section VI herein. 

  
 4 

 R. “Fairness Hearing” means the hearing at or after which the Court will make a
final decision whether to approve this Settlement Agreement as fair, reasonable and adequate. The Parties will propose a date to the Court for this hearing. 
 S. “FEMA” means the Federal Emergency Management Agency. 
 T.
“Final Order and Judgment” means the Court’s Order giving its final approval to the settlement and this Agreement, and the judgment entered pursuant to that Order, as contemplated in Section XII of this Agreement and attached as
Exhibit G hereto. 
 U. “Final Settlement Date” means the date on which the Final Order and Judgment approving this
Agreement becomes final. For purposes of this definition, the Final Order and Judgment shall become final: 
  

	 	(i)	if no appeal is taken therefrom, ten days after the time to appeal therefrom has expired; 

 

	 	(ii)	if any appeal is taken therefrom, ten days after the date on which all appeals therefrom, including petitions for rehearing or reargument, petitions for rehearing en
banc and petitions for certiorari or any other form of review, have been finally disposed of in a manner resulting in an affirmance of the Final Order and Judgment; or 

 

	 	(iii)	on a date after entry of the Final Order and Judgment, which date counsel for the Parties agree to in writing. 

V. “Individual Settlement Sheet” means the individual sheets which are collectively attached to this Settlement Agreement as
Exhibit A and which have been executed by each Settlement Group. Each Individual Settlement Sheet shall contain: (1) the names of the settling Manufacturer(s) and/or their insurer(s); (2) the names of the counsel for the Manufacturer(s)
and/or Insurer(s); (3) the Settlement Amount to be paid by that Settlement Group; and (4) any particular provisions unique to Plaintiffs and/or that Settlement Group. 

  
 5 

 W. “Lien Resolution Administrator” or “LRA” means the Garretson Firm
Resolution Group, Inc., appointed to perform certain functions as described in more detail in Section XIV. 
 X.
“Manufactured” means constructed or assembled an EHU and/or any component parts thereof. 
 Y.
“Manufacturer” means a Settlor that Manufactured an EHU. 
 Z. “MDL” means the Multi-District Litigation
proceeding captioned “In Re FEMA Trailer Formaldehyde Product Liability Litigation, MDL No. 1873 (E.D. of Louisiana, New Orleans Division). 
 AA. “Opt-Out” means a request for exclusion from the Class as provided in Section VII of this Settlement Agreement. 
 BB. “Opt-Out Deadline” means June 25, 2012, the final day by which a Class Opt-Out must be received by the PSC to be valid. 

CC. “Parties” means Plaintiffs and Settlors collectively and, where applicable, their respective counsel. “Party”
means a Plaintiff or a Settlor. 
 DD. “Pending Actions” shall mean and refer to all of the civil lawsuits, in state
or federal court, filed by putative Class Members against any of the Settlors, whether or not such civil lawsuits have been transferred into , are pending in, or have been remanded from the MDL. Exhibit H provides a list of all currently known
Pending Actions. 
 EE. “Plaintiff” or “Plaintiffs” means those Class Members listed on Exhibit F and/or any
other Class Members added to the Action as named plaintiffs, in their individual and representative capacities. 
 FF.
“Preliminary Approval Order” means the Order to be entered by the Court concerning notice, administration and the Fairness Hearing, as contemplated in Section IV of this Agreement. 

  
 6 

 GG. “PSC” means Plaintiffs’ Steering Committee, comprised of the following
counsel appointed by the Court: 
  

	
	 Gerald E. Meunier

	 Justin I. Woods

	 Gainsburgh, Benjamin, David, Meunier & Warshauer, LLC

2800 Energy Centre
 1100 Poydras Street
 New Orleans, LA 70163

	
	 Anthony G. Buzbee

	 Buzee Law Firm

	 600 Travis, Suite 7300

	 Houston, Texas 77002

	
	 Robert M. Becnel

	 Law Offices of Robert M. Becnel

	 425 W. Airline Highway, Suite B

	 Laplace, Louisiana 70068

	
	 Raul R. Bencomo

	 Bencomo & Associates

	 639 Loyola Avenue

	 New Orleans, Louisiana 70113

	
	 Frank J. D’Amico, Jr.

	 Law Offices of Frank D’Amico

	 622 Baronne Street

	 New Orleans, Louisiana 70113

	
	 Matthew B. Moreland

	 Becnel Law Firm, LLC

	 106 W. Seventh Street

	 Reserve, Louisiana 70084

	
	 Dennis C. Reich

	 Reich & Binstock

	 4265 San Felipe, Suite 1000

	 Houston, Texas 77027

	
	 Mikal C. Watts

	 Watts, Guerra & Craft

	 Bank of America Plaza, Suite 100

	 300 Convent Street

	 San Antonio, Texas 78205

	
	 Robert C. Hilliard

	 Hilliard Munoz Guerra, L.L.P.

	 719 S. Shoreline Boulevard

	 Suite 500

	 Corpus Christi, Texas 78401

  
 7 

 HH. “Publication Notice” means the notice published in accordance with the
Settlement Notice Plan. 
 II. “Release” means the release and waiver set forth in Section IX of this Agreement.

 JJ. “Released Claims” means any and all claims, existing now or arising in the future, for any Damages, injunctive
relief or other equitable relief against any of the Released Parties that any Releasor has, or may have had, or may have in the future that have been, or that could have been raised in any action, including the Pending Actions, regardless of whether
the claimed injuries and/or damages are not yet known or manifested or whether such claim is known or unknown, filed or unfiled, asserted or not asserted in any action, including the Pending Actions, and regardless of the legal theory involved,
including, but not limited to, all of the claims set forth in Section IX herein. 
 KK. “Releasees” or “Released
Parties” means the Settlors, including but not limited to, all entities comprising each and every Settlement Group, and each of their past, present and future parents (including intermediate and ultimate parents), subsidiaries, predecessors,
affiliates, manufacturing companies, facilities and plants, successors and assigns, and each of their respective past, present and future officers, directors, employees, general agents, agents, representatives, attorneys, heirs, administrators,
executors, insurers, predecessors, successors and assigns, or any of them, including any person or entity acting on their behalf or for their benefit or at the direction of any of them. 

LL. “Releasor” or “Releasors” means any Class Member who does not timely submit an Opt-Out pursuant to Section VII
herein, anyone representing that Class Member or acting on his or her behalf or for his or her benefit, and those Class Members’ agents, attorneys, predecessors, successors, insurers, administrators, heirs, executors and assigns. 

  
 8 

 MM. “Settlement Amount” shall mean and refer to the total amount to be paid by
each Settlement Group as reflected on each Settlement Group’s Individual Settlement Sheet (Exhibit A), which amount will be deposited in the Registry of the Court under this Settlement Agreement. 

NN. “Settlement Fund” shall mean that portion of the Settlement Amount (initially paid into the registry of the Court as the
Settlement Amount by some or all members of a Settlement Group) remaining at any time after addition of all interest earned or accrued thereon, and deduction of any court-approved disbursements. 

OO. “Settlement Group” shall mean those Settlors listed on an Individual Settlement Sheet. 

PP. “Settlement Notice Plan” or “Notice Plan” means the comprehensive plan approved in form and content by Class
Counsel, Settlors’ Counsel and the Court, to notify the Class of the proposed settlement of the Pending Actions, which articulates the manner and forms of notice. A copy of the Settlement Notice Plan proposed by the Parties for the Court’s
approval is attached hereto as Exhibit D. 
 QQ. “Settlor” means any of those entities (Manufacturers and their
insurers) identified on Individual Settlement Sheets which are attached hereto collectively as Exhibit “A” and incorporated into this Settlement Agreement. 
 RR. Settlors’ Counsel means the lawyers who represent the Settlors, as indicated on the Individual Settlement Sheets. 

  
 9 

 SS. “Special Master” means any third-party agent or administrator who the PSC and
Settlors’ Counsel agree upon with the Court’s approval, and who the PSC then retains, to help implement the terms of this Agreement. 
  

	II.	INTRODUCTION AND STATUS OF LITIGATION 

 A. After the landfalls of Hurricanes Katrina and Rita, the homes of hundreds of thousands of citizens of the United States who resided along the Gulf Coast were rendered uninhabitable, leaving these
citizens homeless. FEMA provided housing for these citizens, in part by acquiring EHUs Manufactured by certain Manufacturers. 

B. Plaintiffs allege that they were exposed to hazardous levels of formaldehyde in EHUs. The Settlors deny these allegations. 

C. Substantial testing, discovery, document production, motion practice and litigation have been completed in the MDL and the Pending
Actions, such that the parties hereto are in a reasonable position to assess the factual and legal merits and weaknesses of their respective claims and defenses. 
 D. As of this date, the parties to the MDL have conducted three bellwether jury trials to verdict, all of which have resulted in defense verdicts and have awarded no money or benefits to the bellwether
plaintiffs. 
 E Substantial time and effort have been expended by the parties and their counsel in negotiating this Settlement
Agreement and the settlement contemplated herein. 
 F. As a result of the extensive litigation completed or in progress, as
well as the information at hand, the results of the bellwether trials to date, the Plaintiffs and the Settlors in the Pending Actions conducted negotiations for a global settlement of the Pending Actions, taking in account the following
considerations; (a) the merits of the complaints or the lack 

  
 10 

 
thereof; (b) the relative strengths and weaknesses of the Plaintiffs’ claims and their respective positions vis-a-vis the issues of liability and damages; (c) the time, expense and
effort necessary to maintain the Pending Actions to conclusion; (d) the possibilities of success weighed against the possibilities of loss; (e) the range of potential judgment values, if any, that should be awarded; (f) the legal
complexities of the contested issues in the Pending Actions, (h) the risks inherent in protracted litigation; (i) the magnitude of benefits to be gained from immediate settlement in light of both the maximum potential of a favorable
outcome with the attendant expense and likelihood of an unfavorable outcome; (j) the strong possibility of no recovery to any potential Class Members whatsoever in light of the past results of the bellwether trials; and (k) the fairness of
benefits to or from an immediate settlement under all of the foregoing considerations. 
 G. In the entering into this
settlement, each of the Settlors has denied, and continues to deny, any liability, wrongdoing or responsibility in connection with the claims made in MDL, including but not limited to the Pending Actions, and believes that such claims are without
merit and that such claims are barred in whole or in part. Each Settlor that is an insurer denies that any policies issued by it provides coverage for the claims made in the MDL or Pending Actions. 

H. The PSC has evaluated the claims in the Pending Actions from a settlement perspective, considering the nature and extent of the
alleged injuries and the alleged liability of the Released Parties, the results of the bellwether trials, the costs of prosecuting claims in light of the risks of zero or limited recovery. 

I. In light of the foregoing, the consensus of the Parties to this Settlement Agreement is that payment of the proposed Settlement Amount
applicable to each Settlement Group and the management thereof under the supervision of the Court would more likely result in the greatest benefit to the potential Class Members in the Pending Actions. Accordingly, as

  
 11 

 
more fully described in Section IV below, the Parties to this Settlement Agreement shall submit this Settlement Agreement and the exhibits attached hereto to the Court for approval, pursuant to a
Joint Motion for Preliminary Approval of Proposed Settlement to be heard on the Court’s docket at a time to be determined by the Court. 
 In addition, any settlement involving a bankrupt Manufacturer (and/or Insurer whose alleged insured is bankrupt) shall be submitted to the Bankruptcy Court where such Settlor or alleged insured’s
bankruptcy case is pending for approval. If the Bankruptcy Court does not approve the settlement as to that Manufacturer, this agreement shall remain in full force and effect as to other Settlors and/or Settlement Groups. 

 

	III.	SETTLEMENT RELIEF 

A. Special Master. The Parties shall jointly agree on and the Court shall appoint a Special Master for this settlement. Pursuant to
this Agreement, the availability of Class Relief to a Class Member will be determined by the Special Master’s evaluation of the Claim Form and other materials submitted by the Claimant, as well as any additional materials that the Special
Master may obtain that are related to each Claim. 
 The fees of the Special Master shall be payable from the appropriate
Settlement Fund, subject to Court approval. In the event this Court does not give final approval to this Settlement, the Special Master shall immediately stop any and all activity on this case, and will not be paid any fees for activity taking place
thereafter, and the charges of the Special Master shall be borne equally (50/50) between the PSC and the Settlement Groups, up to a maximum amount set out in Section III (B) below (to be shared pro-rata by or on behalf of individual
Manufacturers) and any remaining charges above that maximum amount shall be paid by the PSC, unless otherwise provided in a particular Settlor’s/Settlement Group’s Memorandum of Understanding. 

  
 12 

 B. Settlement Fund 

Each Settlement Group shall pay the Settlement Amount reflected on each Individual Settlement Sheet. Each such Settlement Amount after
the addition of any earned interest and the subtraction of Court-approved disbursements shall be the Settlement Fund, for the settlement of all Released Claims pertaining to that Settlement Group. There is no joint and several liability among the
Settlors or Settlement Groups for the payment of Settlement Amounts. Thus, each Settlement Group is responsible for payment of only that Settlement Amount reflected on its Individual Sheet (Exhibit A), in the respective shares agreed to by members
of that Settlement Group and no Settlement Group shall be responsible for more than that Settlement Amount. Further, each Settlor is not jointly and severally liable with other Settlors in the same Settlement Group and is only responsible for the
individual amounts listed in the Individual Settlement Sheet and not for other amounts. 
 Any Class Representative’s Award
shall be paid from the appropriate Settlement Fund as determined by the Special Master, with such amount(s) submitted to the Court prior to the Fairness Hearing for approval. 
 All attorneys’ fees for any PSC or non-PSC attorney, or any other attorney representing a Class Member, shall be paid out of the appropriate Settlement Fund and determined by the PSC, and shall be
approved by the Court. 
 Any Settlement Group that has not deposited its Settlement Amount into the registry of the Court prior
to signing this Settlement Agreement, shall deposit the Settlement Amount into the registry of the Court: 
 (a) as required by
any agreement or Memorandum of Understanding applicable to that Settlement Group; or 

  
 13 

 (b) If no such agreements or Memoranda of Understanding apply, within thirty (30) days
of the Court’s order granting Preliminary Approval of this Settlement. 
 Upon final approval of the Settlement, a
Disbursing Account shall be established. The Parties agree that all funds deposited into the Court’s registry shall be transferred to the establishing Disbursing Account and that all expenses associated with the Disbursing Account shall be paid
from the global settlement fund. 
 This Settlement Agreement provides that certain fees and expenses will be deducted from the
appropriate Settlement Fund(s), such as attorneys’ fees, notice costs, Special Master fees, all fees related to the Disbursing Account, and others. There shall be a reserve established for all of the fees and expenses listed in this Settlement
Agreement that are to be deducted from the appropriate Settlement Fund(s), and that reserve shall be 48% of the Settlement Fund(s), globally and individually, such that the total of all of the fees and expenses to be deducted from the Settlement
Fund(s) shall not exceed 48% of each Settlement Fund. That reserve does not include monies to be deducted from a Class Benefit to an individual Class Member pursuant to section (XIV) (Medicare Reporting and Lien Resolution) herein to satisfy a lien.
To the extent that any of these combined fees and expenses exceed 48% of an appropriate Settlement Amount for any reason, the Claimant or Claimant’s counsel shall be responsible for the overage. Settlors shall in no way be responsible or liable
for any such overage. 
 The Special Master and/or plaintiffs’ counsel shall provide each Settlement Group with a per
plaintiff allocation of that Settlement Group’s Settlement Amount and all amounts deducted therefrom. 
 In the event this
Court does not give final approval to this Settlement, the entire Settlement Amount for each Settlement Group shall be returned to that Settlement Group within five (5) days of any such Court order denying final approval of the Settlement,
after deducting 

  
 14 

 
the amount needed to pay one-half of the unpaid (1) costs of class notice, and (2) charges of the Special Master, subject to the $35,000 pro-rata limitation for the Settlement Groups
provided above, unless a particular Settlor’s Memorandum of Understand provides otherwise. Any remaining costs or charges shall be paid by the PSC. 
 C. No Further Payment From Settlors. 
 The PSC and Settlors further
expressly agree that, except for the payment of their respective Settlement Amounts, and as set forth above in the event the settlement is not Court-approved, under no circumstances whatsoever shall Settlors be responsible for paying any monies,
benefits, costs, administrative costs, expense or attorneys fees in connection with this Settlement Agreement, nor will Settlors be required to take any action or incur any liability or pay any expense or be required to do any other thing, except as
expressly provided herein. 
  

	IV.	REQUEST FOR PRELIMINARY APPROVAL. 

 A. The Parties shall submit this Settlement Agreement to the Court for preliminary approval. This submission shall be made by means of a Joint Motion for Preliminary Approval of Proposed Class Settlement
signed by the PSC on behalf of the Class and the Settlors, with an attached proposed form of Preliminary Approval Order substantially in the form attached hereto as Exhibit C. 
 B. Failure of the Court to issue the Preliminary Approval Order attached hereto as Exhibit C shall be sufficient cause for the termination of this Settlement Agreement, but only after a conference is held
with the PSC, the Settlors, the Court, and the Special Master to attempt to resolve those issues delaying or preventing the Court’s approval. Thereafter, if no such resolution occurs, written notification of termination shall be provided to the
PSC and Settlors’ Counsel by any terminating Party. If certain other Settlors and the Class, as represented by the 

  
 15 

 
PSC, individually and on behalf of the Class, wish to proceed with the settlement after one or more Settlors have terminated this Agreement, they may do so without objection by any terminating
Settlor, by resubmitting to the Court for preliminary approval a revised Settlement Agreement. 
 C. Pursuant to 28 U.S.C. 1715,
the Parties shall provide the required notice(s) and accompanying documents to the United States Attorney General and the “appropriate state official” under the terms of that statute within 10 days of the submission of the Preliminary
Approval Order to the Court. 
  

	V.	NOTICE TO THE CLASS 

A. List of Potential Class Members. By April 27, 2012, the PSC will create, at its own expense and only to the extent that
such information is reasonably available to the PSC, a List of Potential Class Members. The List of Potential Class Members shall include: (1) any Class Member on whose behalf any member of the PSC has filed a complaint in any court similar to
the allegations made in this Action; (2) any plaintiff in a Pending Action; (3) any Class Member who has been a client of the PSC and who is known to the PSC to have formaldehyde-related claims covered by this Settlement Agreement; and
(4) any Class Member whose identity (name and address) is otherwise known to the PSC. The List of Potential Class Members shall include, if the information is reasonably available to the PSC, the Class Member’s name and address, the
manufacturer(s) of the EHU(s) to which the Class member is matched; and if the Class Member is known by the PSC to be represented by counsel, the Class Member’s name, name of attorney representing that Class Member, and the attorney’s
address. 

  
 16 

 B. First Class Mail and Publication Notice. 

Subject to the Court’s Preliminary Approval Order and no later than May 11, 2012, the Special Master, at the PSC’s
expense, shall send via First Class Mail, a Class Notice Package, including a Claim Form, to each person (or that person’s attorney, if known by the PSC), listed on the List of Potential Class Members. The Class Notice Package will among other
things inform Class Members of the Settlement and the Class Benefits available. Subject to the Preliminary Approval Order, the PSC will begin Publication Notice on the date set by the Court. 

The Publication Notice shall inform Class Members that they may obtain a Class Notice Package and Claim Form by any one of several
methods including by calling a toll-free number associated with notice. Publication Notice, as set forth in the Settlement Notice Plan, shall constitute advertisements placed in newspapers in Louisiana, Texas, Alabama and Mississippi. The Settlement
Notice Plan, agreed to by the PSC and Settlors’ Counsel, is attached hereto as Exhibit D. The Class Notice Package, agreed to by the PSC and Settlors’ Counsel, is attached hereto as Exhibit E. The written Publication Notice for the print
media is attached as Exhibit I. 
 C. Class Notice Package 

The Special Master shall send a Class Notice Package, including a Claim Form, to each Class Member or Claimant who requests such package
from the PSC as a result of receiving Publication Notice, within seven (7) business days after the PSC receives the Class Member’s request, provided such request is made at least ten (10) days prior to the Opt-Out Deadline.
Furthermore, the Special Master will employ other methods by which this Class Notice Package can be obtained easily, including by downloading from a website and by toll free telephone request. 

  
 17 

 D. Notice Costs. 

All costs for Notice under this Settlement Agreement shall be initially paid by the PSC, including but not limited to the costs for
Publication Notice, and the costs associated with producing and mailing the Class Notice Package and with making the package available by the other means consistent with the Settlement Notice Plan. The cost of all notice to the class will be
ultimately paid from the appropriate Settlement Fund(s), and thus, if the Court enters an order giving final approval to the Settlement, the PSC shall be reimbursed by the appropriate Settlement Fund(s) for its expenses incurred in executing the
notice provisions of this Settlement Agreement, prior to any disbursements of the Settlement Fund(s) to Class Members. If the settlement is not approved, the costs of notice shall be borne equally (50/50) between the PSC and the Settlement
Groups, up to a maximum amount set out in Section III (B) above (to be shared pro-rata by or on behalf of individual Manufacturers) and any remaining costs above that maximum amount shall be paid by the PSC, unless a particular Settlor’s
Memorandum of Understanding provides otherwise. 
  

	VI.	CLAIM PROCESS 

 A.
All administrative costs for this settlement are to be paid out of the Settlement Fund(s), in the amounts and ratios determined by the Special Master. 
 B. The Special Master shall establish a Class Benefit Formula for payments by the Special Master from the appropriate Settlement Fund(s) to all Entitled Class Members. The Special Master shall submit that
Class Benefit Formula to the Court for approval five (5) days prior to the Fairness Hearing. 
 C. To submit a Claim, a
Class Member must submit a Claim Form to the Special Master, completed by or for the Claimant, according to the instructions contained in the Claim 

  
 18 

 
Form. The Claim Form must be postmarked on or before the Claim Form Deadline or will be rejected as untimely. A Class Member, though otherwise bound by any judgments to be issued by the Court,
including the Final Order and Judgment and its release provisions, is not entitled to Class Relief if he/she submits a Claim Form postmarked after the Claim Form Deadline, or, subject to the provisions of sub-paragraphs D and E below, if the Claim
Form submitted is not complete. There shall be no appeal from the Special Master’s denial of Class Benefits based on an untimely Claim Form. Within five (5) business days after the Claim Form Deadline, the Special Master shall give the LRA
a first list of all Claimants who submitted timely Claim Forms complete with Class Member’s full name, address, gender, date of birth and social security number. 
 D. Each Claim Form shall request proof that the Claimant suffered symptoms or injuries as a result of exposure to formaldehyde in an EHU Manufactured by a Manufacturer (and/or an alleged insured of a
Manufacturer) and dates of such exposure. Such proof must be received and approved by the Special Master within ninety (90) days of the Claim Form Deadline. A Class Member, though otherwise bound by any judgments to be issued by the court,
including the Final Order and Judgment and its release provisions, is not entitled to Class Relief if this proof is not timely provided by that deadline, and the Special Master’s denial of a Claim based on failure to timely provide this proof
is not appealable. 
 E. As to each Claim Form it receives, the Special Master shall ascertain whether the Claimant is an
Entitled Class Member solely based on the Claim Form submitted and any supporting documents attached thereto. The Special Master shall determine whether a Claim Form is complete. No Claim Form shall be adjudged complete by the Special Master if it
does not accurately provide the Class Member’s full name, address, gender, date of birth, and social security number, Manufacturer and dates of exposure. If a Claim Form is incomplete, the

  
 19 

 
Special Master has the discretion to seek additional information if needed from the Claimant. The Special Master may seek the Court’s assistance in obtaining any information needed to help
complete a Claim Form. All Claim Forms, however, should be complete as to an accurate full name of class member, address of class member, gender, date of birth of Class Member, and social security number of Class Member, Manufacturer and dates of
exposure within thirty (30) days after the Claim Form Deadline, and if Claimant has not provided such requested information by that date, the Special Master shall deny the Claim as incomplete and untimely. Within thirty-five (35) days
after the Claim Form Deadline, the Special Master shall give the LRA a second and final list of all Claimants who submitted timely Claim Forms initially incomplete, but later complete with Class Member’s full name, address, gender, date of
birth and social security number. 
 F. The PSC shall provide the Special Master with copies of all Plaintiffs’ Fact Sheets
produced in this Action by the Claim Form Deadline. For those Class Members for whom the PSC provides the Special Master with a copy of his or her Plaintiff’s Fact Sheet, such Plaintiff’s Fact Sheet shall qualify as a submitted and timely
Claim Form, provided that it contains (1) the Class Member’s full name, address, gender, date of birth, social security number, Manufacturer and dates of exposure, or provided that such information is given to the Special Master within
thirty (30) days after the Claim Form Deadline; and (2) proof that the Claimant suffered symptoms or injuries as a result of exposure to formaldehyde in an EHU Manufactured by a Manufacturer, or provided that such proof is given to
the Special Master within ninety (90) days after the Claim Form Deadline. All provisions relevant to Claim Forms herein apply to Plaintiff’s Fact Sheets submitted by the PSC to the Special Master as Claim Forms. 

G. The Special Master shall notify a Claimant if he concludes that such Claim is not the Claim of an Entitled Class Member. Actions and
decisions of the Special Master as to 

  
 20 

 
whether a Claimant is an Entitled Class Member, with the following exceptions, may be appealed to the District Judge presiding over the Action, if such appeal is filed within fourteen
(14) days after the Special Master’s decision. The District Judge’s decisions on appeal shall be final and non-appealable pursuant to the terms of this Settlement Agreement. The costs of any appeal shall be paid by the appropriate
Settlement Funds. The following decisions of the Special Master are not appealable: (1) denial of a Claim based on the Claim Form not being postmarked on or before the Claim Form Deadline; (2) denial of the Claim based on a Claimant’s
failure to accurately and timely provide the Class Member’s full name, address, gender, date of birth, and social security number, Manufacturer and dates of exposure, within thirty days after the Claim Form Deadline; and (3) denial of a
Claim Form based on the Claimant’s failure to timely provide proof that the Class Member was exposed in an EHU Manufactured by a Manufacturer. 
 H. No payments shall be made by the Special Master on any Claim until after (1) the Final Settlement Date; (2) the Settlors have received a Formal Repayment Agreement, or similar document
showing satisfaction and discharge of any statutory claim to any Class Member’s Class Relief or any portion thereof, by all relevant governmental authorities, including Medicare, any relevant state Medicaid agency, TRICARE, the Veteran’s
Administration, and Indian Health Services; and (3) the Special Master receives a release agreement signed by each Claimant and/or Class Representative. The Special Master shall have authority to re-allocate settlement funds in all cases where
the Claimant fails to claim or collect an allocation made through the Special Master’s protocol. 
 I. The Special Master
shall provide to the Settlors (a) a list of the Claimants approved for payment, (b) a copy of each release agreement signed by any Claimant and/or Class Representative, and (c) a list of the amounts each Claimant approved for payment
to receive from the appropriate Settlement Fund. 

  
 21 

	VII.	OPT-OUTS 

 A. Any
potential Class Member who wishes to be excluded from the Class must mail a written request for exclusion to the PSC, known as an “Opt-Out,” at the address provided in the Class Notice, with a mandatory statement as to which Settlement
Group the Class Member has claims against. The Opt-Out must state the following to be valid: (i) identify the Class Member’s name, address and phone number, (ii) identify which Settlement Group (and/or alleged insured) the Class
Member has claims against, and (iii) state that the Class Member wishes to be excluded from the Class. The request for exclusion must be received by the PSC by the Opt-Out Deadline. The PSC’s decision as to whether a request for exclusion
is or is not timely and received by the Opt-Out Deadline is final and binding. A list reflecting all timely requests for exclusion, identifying the person requesting exclusion and the Settlement Group the Class Member has claims against, shall be
assembled by the PSC and filed with the Court at or before the Fairness Hearing. The PSC shall provide that list to Settlor’s Counsel no later than twenty-one (21) days before the Fairness Hearing. 

B. Any potential Class Member who is not excluded by the filing of a timely written request for exclusion by the Opt-Out Deadline and/or
who does not provide the statement as to which Settlement Group the Class Member has claims against shall be bound by all subsequent proceedings, orders and judgment in this Action, even if he or she has pending, or subsequently initiates,
litigation, arbitration or any other proceeding against the Settlement Group for any of the Released Claims. 
 C. If the PSC
receives any Opt-Outs identified for any particular Settlement Group, this Settlement Agreement is voidable at the discretion of that Settlement Group. Such decision to void the Settlement Agreement must be made within fourteen (14) days after
the Settlement Group(s) is provided with the list of exclusions/Out-Outs described in Section VII (A) above. 

  
 22 

 
Should any Settlement Group decide to void the Settlement Agreement pursuant to this paragraph, the Settlement Agreement shall remain in force as to all the remaining Settlement Groups unless any
of those Settlement Groups agree with the plaintiffs that the agreement is void and unenforceable as to that particular Settlement Group. 
 If the PSC receives any Opt-Outs for a particular Settlement Group and fewer than all of the Settlors in the Settlement Group seek to void the settlement, the agreement is void as to that individual
Settlor only and remains in effect as to the remaining Settlors in that Settlors Group. Such decision to void the Settlement Agreement must be made within fourteen (14) days after Settlement Group(s) is provided with the list of
exclusions/Opt-outs described in Section VII (A) above, and written notice to the other Settlors in the Settlement Group of the Settlors intention to void the Settlement Agreement as to that Settlor must be given to the remaining Settlors at
least five (5) days prior to giving notice to the PSC and/or Court. 
  

	VIII.	OBJECTIONS TO SETTLEMENT 

 A. Any Class Member who has not filed a timely written request for exclusion and who wishes to object to the fairness, reasonableness or adequacy of this Agreement or the proposed settlement, must deliver
to the Court Clerk, and to Gerald Meunier and Ryan E. Johnson at the addresses provided in Section (I)(Q) and (I)(MM) herein, a written objection which references this Action and contains: (i) the name, address, and telephone number of the
Class Member, (ii) a statement of each objection being made, (iii) a detailed description of the legal authorities underlying each such objection, (iv) a statement of whether the objector intends to appear at the Fairness Hearing,
(v) a list of witnesses whom the objector may call by live testimony, oral deposition testimony or affidavit during the Fairness Hearing, (vi) a description of the testimony to be offered, and (vii) a list of the exhibits which the
objector may offer during the Fairness Hearing, along with copies of those exhibits. Such written objection must be 

  
 23 

 
received by the Court Clerk, Gerald Meunier and Ryan E. Johnson by July 13,, 2012, or the Class Member shall be forever barred from separately objecting to the Class, separately challenging
the Class or in any way collaterally attacking the Class and/or this Settlement. 
 B. The Special Master must be notified
within two (2) days of any objection properly mailed. The Special Master shall respond in writing to any timely filed written objection and shall schedule a hearing to try to resolve the objection. Any person filing the objection must appear in
person at the hearing with and scheduled by the Special Master prior to the Fairness Hearing, at the date, time, and place set by the Special Master, and then, if the objection is not resolved, the objector must appear in person at the Fairness
Hearing. Any objections which are not resolved in the hearing before the Special Master will be considered by the Court at the time of the Fairness Hearing. The objector may hire his or her individual counsel, hired at the objector’s expense,
to appear with the objector at the Special Master’s hearing and/or the Fairness Hearing. 
 C. The Court, within its
discretion and at the request of the PSC or Settlors’ Counsel, may order the deposition prior to the Fairness Hearing of any Class Member (and any witness identified in the written objection) who has not filed a timely written request for
exclusion and objects to the fairness, reasonableness or adequacy of this Agreement or the proposed settlement. 
 D. If a Class
Member hires an attorney to represent him or her, the attorney must: (i) file a notice of appearance with the Clerk of Court, and (ii) deliver to Gerald Meunier and Ryan E. Johnson, at the addresses provided in Section (I)(Q) and (I)(MM)
herein, a copy of the same, and (iii) otherwise comply with any order of the Court regarding depositions of objecting Class Members. The notice of appearance must be received by the Clerk of Court, Gerald Meunier and Ryan E. Johnson by the date
set by the Court, or the attorney will not be allowed to appear at the Fairness Hearing. 

  
 24 

 E. Any Class Member who files and serves a written objection meeting the requirements set
forth herein, may appear at the Fairness Hearing, either in person or through personal counsel hired at the Class Member’s expense, to object to the fairness, reasonableness or adequacy of this Agreement or the proposed settlement. Class
Members or their attorneys intending to make an appearance at the Fairness Hearing must deliver to Gerald Meunier at the address provided in Section HH above, and to Ryan E. Johnson at Jones Walker, 8555 United Plaza Blvd, 5th Floor, Baton Rouge, LA
70809, a notice of intention to appear. Such notice of intention to appear must be received by the Court, Gerald Meunier and Ryan E. Johnson, by July 13, 2012. The Court, within its discretion and at the request of the PSC or Settlors’
Counsel, may order the deposition prior to the Fairness Hearing of any Class Member (and any witness identified in the written objection) who has not filed a timely written request for exclusion and who wishes to appear (either in person or through
personal counsel) and object to the fairness, reasonableness or adequacy of this Agreement or the proposed settlement. 
 F. No
objection shall be heard by the Court that does not comply with the requirements of this Section, that is not timely filed with the Court, that is not served on Gerald Meunier and Ryan E. Johnson and filed with the Court at the addresses provided in
Section (I)(Q) and (I)(MM) herein, or when the objecting Class Member (or his/her witness) has failed to appear and sit for such depositions as ordered by the Court. Any Class Member who fails to comply with the orders of the Court or provisions of
this Section shall waive and forfeit any and all rights he or she may have to appear separately and/or object, and shall be bound by all the terms of this Agreement and by all proceedings, orders and judgments in this Action. 

G. The Court, within its discretion, may exercise its right to deem any objection as frivolous and award appropriate costs and fees to
the PSC and/or Settlors’ counsel. 

  
 25 

	IX.	RELEASE AND WAIVER 

A. Release and Waiver 
 1. In return for the consideration provided in the Agreement, the Plaintiffs and all other Class Members, on their behalf and on behalf of all other Releasors, shall release, acquit and forever discharge
the Releasees from the Released Claims, including but not limited to any and all past, present and future causes of action, claims, damages (including but not limited to compensatory damages, punitive damages, or damages from wrongful death), or any
other Damages, awards, equitable, legal and administrative relief, interest, demands or rights that are based upon, related to, or connected with, directly or indirectly, in whole or in part (1) the Released Claims; or (2) the allegations,
facts, subjects or issues that were, could have been, may be or could be set forth or raised in any action or in any Pending Action, or (3) exposure to formaldehyde in any EHU Manufactured by a Manufacturer. 

2. Plaintiffs and all other Class Members, on their own behalf and on behalf of all other Releasors agree, covenant and acknowledge that
they shall not now or hereafter initiate, participate in, maintain, or otherwise bring any claim or cause of action, either directly or indirectly, derivatively, on their own behalf, or on behalf of the Class or the general public, or any other
person or entity, against the Releasees based on allegations that are based upon or related to, directly or indirectly, in whole or in part: (1) the Released Claims; (2) the allegations, facts, subjects or issues that have been, could have
been, may be or could be set forth or raised in any Pending Action; or (3) exposure to formaldehyde in any EHU. 
 3.
Plaintiffs and all other Class Members and all the other Releasors, and anyone acting on their behalf or for their benefit, without limitation, are precluded and estopped from bringing any claim or cause of action in the future, related to in any
way, directly or indirectly, in whole or in part: (1) the Released Claims, (2) the allegations, facts, subjects or issues that have been, could have been, may be or could be set forth or raised in any Pending Action, or (3) exposure
to formaldehyde in any EHU. 

  
 26 

 4. Plaintiffs and the Class Members, on their behalf and on behalf of all other Releasors,
acknowledge that they are releasing both known and unknown and suspected and unsuspected claims and causes of action, and are aware that they may hereafter discover legal or equitable claims or remedies or injuries or damages presently unknown or
unsuspected or unmanifested (including but not limited to personal injury claims), or facts in addition to or different from those which they now know or believe to be true with respect to the allegations and subject matters in the complaint or
other filings in any Pending Actions. Nevertheless, it is the intention of Plaintiffs and the Class Members to fully, finally and forever settle and release all such matters, and all claims and causes of action relating thereto, which exist,
hereafter may exist, or might have existed (whether or not previously or currently asserted in any Pending Action). 
 5.
Plaintiffs and the Class Members, on their behalf and on behalf of all other Releasors, hereby expressly acknowledge certain principles of law applicable in some states provided that a general release does not extend to claims (including claims
related to unknown or future injuries) that a person does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her may have materially affected his or her settlement with the Released
Parties. Notwithstanding such principles of law (statute, regulation, or common law) that may apply, Plaintiffs and the Class Members hereby agree and acknowledge that any such claims (including claims related to unknown or future injuries) are
hereby knowingly and voluntarily released, waived and relinquished by Plaintiffs and the Class Members, and Plaintiffs and the Class Members agree and acknowledge that this provision is an essential term of the Agreement and this Release.
Plaintiffs, the Class Members, and the PSC 

  
 27 

 
warrant and represent that they have specifically contemplated and bargained for the waiver and relinquishment of the claims (including claims related to unknown or future injuries) referenced in
this Agreement, including claims that they may not know or suspect to exist at this time and that, if known, may have materially affected this settlement. Plaintiffs, the Class Members, and the PSC also warrant and represent that this Agreement,
including the referenced waiver and relinquishment is fair, reasonable, and is being made knowingly, voluntarily, and with all information necessary for the waiver and relinquishment. 

6. Plaintiff and Class Members, on their behalf and on behalf of all other Releasors, further agree that no third party, including but
not limited to any private attorney general or Cal. Bus. and Prof. Code § 17200 Plaintiff, shall bring any claims released herein on their behalf. 
 B. The Parties will seek and obtain from the Court a Final Order and Judgment as further described below in Section XII. The Final Order and Judgment shall, among other things: (i) approve this
Settlement Agreement as fair, reasonable and adequate, (ii) dismiss all claims against the Released Parties in the MDL and any Pending Actions, with prejudice and on the merits; and (iii) incorporate the terms of the Release as written
herein. 
  

	X.	ATTORNEYS’ FEES AND EXPENSES 

 All attorneys’ fees and expenses related to the MDL and any Pending Action shall be paid out of the appropriate Settlement Fund, with prior approval by the Court. 

 

	XI.	FAIRNESS HEARING 

If the Court enters the Preliminary Approval Order, the Parties shall proceed with due diligence to conduct the Fairness Hearing as
ordered by the Court. At such Fairness Hearing, the 

  
 28 

 
Parties shall present such evidence as sufficient to justify the Court’s certification of the Class. Further, at such hearing, the Settlors shall not object to (a) the reasonable
presentation of evidence in support of the certification of the Class for settlement purposes only or (b) the certification of the Class for settlement purposes only. However, the parties acknowledge and agree, and shall stipulate to the Court
at the Fairness Hearing, that (a) the Class is being certified for settlement purposes only pursuant to the Settlement Agreement, and (b) the Released Parties reserve the right to object to class certification de novo in the event this
Agreement is terminated for any reason. 
 At the Fairness Hearing the Court shall, inter alia, (a) determine whether the
Class should be certified, and (b) if the Court determines that the Class is capable of certification under Rule 23 of the Federal Rules of Civil Procedure, as requested by the parties, (i) consider any properly filed objections to the
proposed settlement, (ii) determine whether the settlement set forth in the Settlement Agreement is fair, reasonable and adequate and entered into in good faith and without collusion and should be approved, and (iii) if appropriate,
contemporaneously certify the Class and dismiss the MDL and all Pending Actions on the merits with prejudice and with each party to bear its own costs, except as provided in this Settlement Agreement. 

 

	XII.	FINAL APPROVAL AND FINAL ORDER AND JUDGMENT 

 Prior to entering the Final Order and Judgment, the Court shall enter any order necessary to transfer any Pending Action that is not already part of the Action and/or MDL to the MDL. 

The Settlement Agreement is subject to and completely conditional upon (a) the issuance by the Court and subsequent entry, following
the Fairness Hearing, of the Final Order and Judgment certifying the Class and granting final approval of the Settlement Agreement in accordance with Rule 23(e) of the Federal Rules of Civil Procedure, and (b) such Final Order

  
 29 

 
and Judgment becoming final as of the Final Settlement Date. The Final Order and Judgment shall be substantially in the form attached hereto as Exhibit G or in a form mutually agreeable to the
PSC and Settlors. The Parties shall take all reasonable and necessary actions to obtain the Final Order and Judgment and to have it made final, as promptly as practicable. 
 Within five (5) days of the Court entering a Final Order and Judgment in this case, the PSC shall dismiss the MDL and all Pending Actions with prejudice, as to the Released Parties. 

In the event that any appeal is filed of the Final Order and Judgment, all remaining deadlines set forth herein shall be stayed, and all
activity of the Special Master and the LRA shall be stayed, until the Final Settlement Date. 
  

	XIII.	INDEMNIFICATION 

To the extent of each Class Member’s individual net recovery and the extent the claim described in this section arises out of the
claim of the Class Member, each Class Member shall defend, indemnify, and hold harmless the Released Parties from and against: (a) any and all past, present of future claims, demands, suits, causes of actions, rights of action, liabilities,
liens privileges, or judgment of any kind whatsoever (including all expenses, costs and attorneys fee expenses related thereto) by, on behalf of, through, or deriving solely from the claims of that Class Member, or by, on behalf of, through, or
deriving from his, her, or its heirs, executors, representatives, attorneys or former attorneys, successor, employers, insurers, employers’ insurers, health insurers, health care providers, assignee, subrogees, predecessors in interest,
Medicare or Medicaid, TRICARE, the Veteran’s Administration, or Indian Health Services, successors in interest, beneficiaries or survivors related to the Released Claims; and (b) any claims for Contribution, Indemnity, and/or Subrogation,
whether arising under tort, contract or otherwise, related to or connected in any way with the Released Claims of that Class Member. 

  
 30 

 
The indemnity and defense obligation in this Section shall include any and all claims, demands, suits, causes of action, rights of action, liabilities, liens or judgment of any kind whatsoever
(including any claims of the Released Parties for reasonable attorneys’ fees and costs) related, directly or indirectly, to the disbursement of or from, or the failure to make disbursement of or from, the appropriate Settlement Fund(s) with
respect to the Class Member. To the extent that claims for wrongful death or any other claims of any Class Member have not been released effectively, that Class Member binds himself or herself, and his or her succession or estate, executors, heirs,
successors, beneficiaries, assignees, and subrogees, to defend, protect, indemnify, and hold harmless the Released Parties from and against any and all claims, demands, suits, liabilities, liens judgments, rights of action, or causes of action of
any kind whatsoever related to the Released Claims, whether arising under tort, contract or otherwise, brought by any person, succession, or estate for the wrongful death or any other claims of that Class Member. This defense and indemnity
obligation is intended to apply to any and all claims for wrongful death, whether arising under Louisiana law (including Louisiana Civil Code art, 2315.2) or law of any other state, and whether presently existing or in existence at the time of the
death of the Class Member. Anything contained in this Settlement Agreement to the contrary notwithstanding, a Class Member’s obligation to defend, indemnify, and hold harmless the Released Parties from claims for wrongful death of such Class
Member shall be limited to that Class Member’s individual net recovery. 

  
 31 

	XIV.	MEDICARE REPORTING AND LIEN RESOLUTION 

 The Parties agree to the following process for resolving possible statutory and other claims to Class Relief by governmental authorities, making a good faith effort to adequately protect the interests of
Medicare and other governmental authorities: 
 A. Appointment of Lien Resolution Administrator. The PSC will hire The Garretson
Firm Resolution Group, Inc. as the LRA to perform certain functions pursuant to this Section XIV in connection with reimbursement claims that may be asserted by federal Medicare (Part A and B) (“Medicare”), Medicaid, and certain other
governmental health care programs with statutory reimbursement or subrogation rights, limited to TRICARE, VA, and Indian Health Services benefits (hereinafter, collectively referred to as “Governmental Authority Third Party
Payer/Providers”). The LRA shall not be responsible for identifying or resolving any other liens including, without limitation, liens by any other third-party payers, subrogation claims, liens or other rights to payment relating to medical
treatment or lost wages, or any liens based on any legal expenses, bills or costs that have been or may be asserted by any healthcare provider, employer, insurer, including any coverage offered through private insurance companies intended to
supplement or replace any plan of a Governmental Authorities Third Party Payer/Provider (including but not limited to Federal Employees Health Benefit (FEHB) plans such as Blue Cross Federal, or Blue 365), or any other person or entity with such
reimbursement rights (“Other Liens”). The LRA’s fees and expenses shall be paid by the PSC, with later reimbursement from the appropriate Settlement Fund after the Court has entered final approval of this Settlement. 

B. Any Class Member making a Claim must identify Governmental Authority Third Party Payer/Provider Reimbursement Obligations to Lien
Resolution Administrator. Each Claimant shall identify, directly, or through counsel, to the LRA all Governmental Authority Third Party Payers/Providers known to them to hold or assert a statutory reimbursement right with respect to any
individual settlement payment (and/or the right to receive such individual settlement payment), through procedures and protocols to be established by the LRA. Claimants and their counsel must cooperate with the procedures and protocols
established by the LRA. 

  
 32 

 C. LRA shall resolve Governmental Authority Third Party Tort Recovery Claims and
Liens. According to the LRA’s procedures and protocols, the LRA shall resolve all conditional payment reimbursement rights that have been or may be asserted by Medicare within the meaning of the Medicare Secondary Payer statute (42 U.S.C.
§1395y), and all payment reimbursement rights made by state Medicaid agencies, as appropriate, and any other federal reimbursement right asserted by TRICARE, Veteran’s Administration or Indian Health Services based upon the provision of
medical care or treatment provided to the Class Member on whose behalf a Claim is filed; provided however, that nothing herein is intended to create a right of reimbursement where none would otherwise exist under applicable state or federal tort
recovery statutes. LRA shall provide a copy of its reporting form to Settlors through Settlors’ Counsel. 
 D. LRA shall
identify amounts necessary to resolve Governmental Authority Third Party Tort Recovery Claims and Liens. Within ninety (90) days after the LRA receives the first list of complete Claim Forms from the Special Master pursuant to Section VI
herein, the LRA shall, as to each Class Member on that list, certify to Settlors whether: (1) any statutory claim is being asserted under federal laws by the Centers for Medicare and Medicaid Services (“CMS”) for federal Medicare
(Parts A and B); (2) any statutory lien is being asserted under state laws by the respective state Medicaid agency which paid for a Class Member’s injury-related medical expenses; and/or (3) any other federal reimbursement right is
being asserted under any of TRICARE, VA or Indian Health Services, where any such claim and/or lien is determined to exist. Within ninety (90) days after the LRA receives the second list of complete Claim Forms from the Special Master pursuant
to Section VI herein, the LRA shall, as to each Class Member on that second list, certify to Settlors whether: (1) any statutory claim is being asserted under federal laws by the Centers for Medicare and Medicaid Services (“CMS”) for
federal Medicare 

  
 33 

 
(Parts A and B); (2) any statutory lien is being asserted under state laws by the respective state Medicaid agency which paid for a Class Member’s injury-related medical expenses;
and/or (3) any other federal reimbursement right is being asserted under any of TRICARE, VA or Indian Health Services, where any such claim and/or lien is determined to exist. The LRA shall further certify to Settlors for all Class Members on
both the first and second lists combined either: (1) the amount to resolve any and all such claims and/or liens as established by the agreement of the LRA and CMS and the LRA and the other respective federal or state agencies (“Final
Statutory Lien Amount”); or (2) the “holdback” amount agreed to by CMS and the respective federal or state agencies under which such agencies have agreed to finally resolve their respective statutory claims and/or liens
(“Holdback Amount”). The Final Statutory Lien Amount and/or the Holdback Amount, whichever is applied, shall be paid from Class Benefits prior to the disbursement of any Class Benefits. 

E. When Funds May Be Disbursed. The Special Master shall not disburse any settlement monies to any Claimant until Settlors have
obtained from all Governmental Authority Third Party Payer/Providers satisfactory proof of satisfaction and discharge of all statutory Medicare claims asserted as to any Entitled Class Member, any statutory liens asserted by a state Medicaid agency
or agencies as to any Entitled Class Member, and any statutory reimbursement or subrogation right asserted by any other Governmental Third Party Payer/Provider, as set forth in Section XIV (G), along with certification from the LRA as to the same.

 F. Compliance with MMSEA. The LRA’s duties include not only ensuring compliance with all relevant provisions of the
Medicare Secondary Payer Act (42 U.S.C. §1395y) as discussed above, but also include ensuring compliance under Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 (42 U.S.C. §1395y(b)(8))(MMSEA)), which poses certain
reporting requirements for certain entities involved in settling personal 

  
 34 

 
injury claims involving a Medicare beneficiary. The LRA shall obtain and provide information satisfactory to Settlors, from the Centers for Medicare and Medicaid Services (“CMS”)
central offices, that all of Settlors’ MMSEA reporting obligations, to the extent applicable to Settlors, have been satisfied prior to all associated deadlines and/or disbursement of proceeds to Medicare-entitled Claimants as agreed by the
Parties. 
 G. Proof of Satisfaction of Third Party Payments to Settlors. Settlors shall be entitled to proof of satisfaction
and discharge of any or all such statutory Medicare claims asserted by CMS in relation to any particular Claimant, any statutory liens asserted by a state Medicaid agency or agencies, and any statutory reimbursement or subrogation right asserted by
any other Governmental Third Party Payer/Provider, including a copy of the actual closure documentation that the LRA receives from an Governmental Authority Third Party Payer/Provider The LRA shall provide to Settlors that proof at the earliest time
possible. 
 H. Indemnity from LRA. The PSC shall seek to secure a mutually agreeable indemnity agreement from the LRA in favor
of the Settlors. Unless the parties agree otherwise, this Settlement Agreement shall be conditioned upon the execution of such an indemnity agreement. 
 I. Access to Information. Settlors shall have access to individual plaintiff information provided to Garretson as LRA. Plaintiffs’ counsel will provide Settlors initially with the following personal
information for each known claimant: (1) full legal name; (2) date of birth; (3) full social security number; and (4) sex. Whenever it may be determined by anyone that reporting to CMS is required with regard to any claimant,
plaintiffs’ counsel will further supply to Settlors any and all additional personal information regarding each such claimant that may be required by Settlors to enable them to fulfill all Medicare Secondary Payer Mandatory Reporting
requirements. This information will be used by Settlors only for purposes of compliance with 

  
 35 

 
Medicare Secondary Payer Reporting Requirements. Alternatively, if Garretson can present Settlors with a written confirmed waiver of Settlors’ Medicare Secondary Reporting Requirements as to
any one or more claimants, issued by CMS prior to disbursement of any Class Benefits, then provision of the above-described personal information will not be necessary as to such claimants. 

 

	XV.	PSC REPRESENTATION 

A. The PSC covenants, represents and warrants to the Settlors that: 

1. Prior to the Fairness Hearing, the PSC shall have explained the terms and effect of this Settlement Agreement to the
Class Representatives and their signatures shall have been obtained in support of this Settlement Agreement; such signatures shall be filed into the record of the Action at the Fairness Hearing. 

2. The PSC has not and will not make any undisclosed payment or promise to any Class Representative for the direct or
indirect purpose of obtaining that Class Representative’s consent to the Agreement. 
 3. No member of the
PSC will represent any Class Member requesting exclusion from the Class if to do so would constitute a violation of the Rules of Professional Conduct. 
 4. The PSC and the Class Members are solely responsible for the payment of any liens against the Class Benefits received. No Class Benefits will be disbursed to any Class Member until all valid liens are
paid. 
 5. The PSC represents that no Class Member has assigned any of his/her/its rights of action herein to
anyone else. 

  
 36 

 B. Except as otherwise provided herein, without prior written approval of the Court, the PSC
will not use, distribute, give, sell, or transfer any materials obtained from any one or more of the Settlors as a result of the MDL or the Pending actions for use in any other litigation or purpose. 

C. The PSC, the Class, and the Settlors shall use their best efforts to conclude the settlement and obtain the Final Order and Judgment.
The PSC, the Class, and the Settlors agree that it is essential that this proposed settlement be prosecuted to a successful conclusion in accordance with all applicable provisions of law and the exercise of good faith on the part of the PSC, the
Class, and the Settlors. Inherent in the accomplishment of this mutual goal is the understanding among the Parties that the PSC, the Class, and the Settlors assume the mutual obligation to each other to assist and cooperate in the effectuation of
the settlement in accordance with all applicable legal requirements. To that end, the PSC, the Class, and the Settlors commit to affirmatively support the settlement in the event of appeal, to maintain the integrity and goals of the settlement in
all further proceedings in the Action, and to take such action as may be legally proper to assure the jurisdiction of the Court in this and all subsequent proceedings. The PSC, the Class, and the Settlors agree to be bound by and to the terms of
this settlement in any court of competent jurisdiction to the same extent as they agree to be bound herein, to which end the PSC, the Class, and the Settlors agree that the terms hereof are contractual, binding and enforceable obligations and not
merely a recital. In furtherance of this Agreement, the PSC, the Class, and the Settlors agree to take such action as may be appropriate to secure court approval of the terms of this settlement in a court of competent jurisdiction. 

D. The PSC further warrants and represents to the Settlors that it has the full authority to enter into this Settlement Agreement
on behalf of and bind the Class and all of the Plaintiffs and their attorneys in the MDL and the Pending Actions. 

  
 37 

	XVI.	STAY ORDERS 

Simultaneously with the filing of this Settlement Agreement with the Court, the Parties shall submit to the Court a joint motion for stay
of the Pending Actions signed by or on behalf of the Class, the PSC, and the Settlors, with a proposed form of stay order attached thereto, pursuant to which stay order, the Court shall enjoin and stay, during the pendency of the settlement
proceedings contemplated by this Agreement, the commencement and/or prosecution of any and all Pending Actions or any other action by any Class Member or anyone on his or her behalf against any of the Releasees asserting Released Claims, such stay
and injunction to remain effective during the pendency of such settlement proceedings unless modified by further order of the Court. The Parties shall use their best efforts to obtain this stay order. 

 

	XVII.	ENTIRE AGREEMENT AND SEVERABILITY 

 The Settlement Agreement, including the Individual Settlement Sheets attached hereto collectively as Exhibit “A,” together with the Memoranda of Understanding executed by the individual Settlors
and/or Settlement Groups, contain the entire agreement between the Parties with respect to the subject matter hereof and, except as specifically set forth herein or therein, supersedes and cancels all previous agreements, negotiations, and
commitments in writings between the Parties hereto with respect to the subject matter hereof. This Settlement Agreement may not be changed or modified in any manner unless in writing and signed by a duly authorized officer of each Settlor, and a
duly authorized representative of the PSC. The terms of this Settlement Agreement may be amended by agreement of the Parties and with approval of the Court without further notice to the Class, if such changes are consistent with the Preliminary
Approval Order and do not limit the rights of Class Members. This Settlement Agreement may be signed in multiple counterparts, each of which shall be deemed to be an original and all of which shall be deemed to be one and the same instrument.

  
 38 

 This Settlement Agreement shall be binding on the successors and assigns of the Parties.

 If any court of competent jurisdiction determines any portion of this Settlement Agreement is unenforceable and/or void for
any reason, that unenforceable provision shall be severed and the remaining portions of this Settlement Agreement will remain in full force, unless removing the remaining provision materially alters the provisions of the Settlement Agreement. In
that effect, the entire Settlement Agreement will not be enforceable unless agreed to by the Parties. 
  

	XVIII.	NOTICE TO COUNSEL 

Anytime that notice to or delivery of any document to Settlors’ Counsel or the PSC is required as set forth in this Agreement, such
notice and/or documentation shall be mailed to Settlors’ Counsel at the addresses listed in on the Individual Settlement Sheets for each Settlor and/or Settlement Group , and to the PSC at the address listed in Section I(MM) (“PSC”
definition) of this Agreement, unless otherwise specified. 
 Agreed to this      day of April, 2012.

  

	
	  

	Gerald E. Meunier
	Gainsburgh, Benjamin, David, Meunier & Warshauer, LLC
	2800 Energy Center
	1100 Poydras St.
	New Orleans, LA 70163
	
	On behalf of the PSC and Plaintiffs/Class Members

  
 39 

 INDIVIDUAL SETTLEMENT SHEET 

(EXHIBIT A to Stipulation of Settlement) 
 NAME OF SETTLOR: 
 SETTLOR’S COUNSEL: 

SETTLEMENT AMOUNT: 
 OTHER APPLICABLE
PROVISIONS: 
  

			
		
	  
	 	  

		
	 Plaintiffs’ Counsel
	 	Date
		
	  
	 	  

		
	 Settlors’ Counsel
	 	Date

  
 40 

 INDIVIDUAL SETTLEMENT SHEET 

(EXHIBIT A to Stipulation of Settlement) 
 NAME OF SETTLORS: 
 Thor Industries, Inc. 

Citair, Inc. 
 Damon Motor Coach 
 DS Corp., d/b/a CrossRoads RV 

Dutchmen Manufacturing, Inc., 
 Four Winds International, Inc. 
 Keystone RV Company 

Komfort Corp. 
 Thor Industries, Inc. 
 Thor California, Inc., a.k.a., MPV RV, Inc.

 Chartis Specialty Insurance Company (formerly known as American International 

Specialty Lines Insurance Company) 

National Union Fire Insurance Company of Pittsburg, Pa. 
 SETTLOR’S COUNSEL: 
 James C. Percy 

Ryan E. Johnson 
 Jones Walker 
 8555 United Plaza Blvd., Fifth Floor 

Baton Rouge, Louisiana 70809 
 (Counsel for Citair, Inc., Damon Motor Coach, DS Corp, Dutchmen Manufacturing, Inc., 
 Four Winds International, Inc., Keystone RV Company, Komfort Corp., Thor Industries, 
 Inc., Thor California, a/k/a MPV RV, Inc.) 
 Charles E. Leche

 Deutsche, Kerrigan & Stiles, L.L.P. 

755 Magazine Street 
 New Orleans, Louisiana 70130 
 (Counsel for Chartis Specialty
Insurance Company and National Union Fire Insurance 
 Company of Pittsburg, Pa.) 

  
 1 

 SETTLEMENT AMOUNT: 
 $6,250,000 
 OTHER APPLICABLE PROVISIONS: 

This is Settlement Agreement is subject to and incorporates the provisions of the February 10, 2012 Memorandum of Understanding
executed between the parties. 
  

					
			
	/s/ Justin I. Woods	 		 	4-13-12
	Plaintiffs’ Counsel	 		 	Date

  

					
			
	/s/ Ryan E. Johnson	 		 	4-13-12
	Settlors’ Counsel	 		 	Date
	(Ryan E. Johnson)	 		 	

  

					
			
	/s/ Charles E. Leche (with permission REJ)	 		 	4-13-12
	Settlors’ Counsel	 		 	Date
	(Charles E. Leche)	 		 	

  
 2 

 INDIVIDUAL SETTLEMENT SHEET 

(EXHIBIT A to Stipulation of Settlement) 
 NAME OF SETTLORS: Heartland Recreational Vehicles, L.L.C. and its insurers, The 

Burlington Insurance Company and Westchester Insurance Company.  
 SETTLOR’S COUNSEL: Thomas G. Buck, BLUE WILLIAMS, LLP 
 SETTLEMENT
AMOUNT: $552,600.00 
 OTHER APPLICABLE PROVISIONS: 

This is Settlement Agreement is subject to and incorporates the provisions of the Memorandum of Understanding executed between the
parties. 
  

							
				
	/s/ Justin I. Woods	 		 		 	4-13-2012
	Plaintiffs’ Counsel	 		 		 	Date
		 		 		 	

  

							
				
	/s/ Thomas G. Buck	 		 		 	4-13-2012
	 Settlors’ Counsel
 (Thomas G. Buck)
	 		 		 	Date

  
 1

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