Document:

EX-4.1

 Exhibit 4.1 
  

 
 NETAPP, INC. 

as Issuer 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Trustee 
 SECOND SUPPLEMENTAL
INDENTURE 
 Dated as of June 5, 2014 

$500,000,000 of 3.375% Senior Notes due 2021 
  

 

 THIS SECOND SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”) is
dated as of June 5, 2014 between NETAPP, INC., a Delaware corporation (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Trustee”). 

RECITALS 
 A. The Company and the
Trustee executed and delivered an Indenture, dated as of December 12, 2012, (the “Base Indenture” and, as supplemented by the Second Supplemental Indenture, the “Indenture”), to provide for the issuance by the
Company from time to time of unsubordinated debt securities evidencing its unsecured indebtedness. 
 B. Pursuant to Board
Resolution, the Company has authorized the issuance of $500,000,000 principal amount of 3.375% Senior Notes due 2021 (the “Notes”). 

C. The entry into this Second Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Base
Indenture. 
 D. The Company desires to enter into this Second Supplemental Indenture pursuant to Section 9.01 of the Base Indenture to
establish the terms of the Notes in accordance with Section 2.01 of the Base Indenture and to establish the form of the Notes in accordance with Sections 2.01(a)(10) and 2.02 of the Base Indenture. 

E. All things necessary to make this Second Supplemental Indenture a valid and legally binding agreement according to its terms have been
done. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, the Company and the Trustee mutually covenant and agree for the
equal and proportionate benefit of the respective holders from time to time of the Notes as follows: 
 ARTICLE 1 

 

	Section 1.01.	Terms of the Notes. 

 The following terms relate to the Notes: 

(a) The Notes shall constitute a series of securities having the title “3.375% Senior Notes due 2021”. 

(b) The aggregate principal amount of the Notes (the “Initial Notes”) that may be initially authenticated and delivered under
the Indenture shall be $500,000,000. The Company may from time to time, without the consent of the Holders of the applicable series of Notes, issue additional Notes (in any such case “Additional Notes”) having the same ranking and
the same interest rate, maturity and other terms as the Initial Notes. Any Additional Notes and the Initial Notes shall each constitute a single series under the Indenture and all references to the Notes shall include the Initial Notes and any
Additional Notes, unless the context otherwise requires; provided that if such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, the applicable Additional Notes will have a separate CUSIP number. The
aggregate principal amount of the Additional Notes shall be unlimited. 

 (c) The entire Outstanding principal of the Notes shall be payable on June 15, 2021. 

(d) The rate at which the Notes shall bear interest shall be 3.375% per year. The date from which interest shall accrue on the Notes
shall be the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from June 5, 2014. The Interest Payment Dates for the Notes shall be June 15 and December 15 of each
year, beginning December 15, 2014. Interest shall be payable on each Interest Payment Date to the holders of record at the close of business on the June 1 and December 1 prior to each Interest Payment Date (a “regular record
date”). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months. 

(e) The Notes shall be issuable in whole in the form of one or more registered Global Securities, and the Depositary for such Global
Securities shall be The Depository Trust Company, New York, New York. The Notes shall be substantially in the form attached hereto as Exhibit A, which are herein incorporated by reference. The Notes shall be issuable in denominations of $2,000
or any integral multiple of $1,000 in excess thereof. 
 (f) The Notes may be redeemed at the option of the Company prior to the maturity
date, as provided in Section 1.03 hereof. 
 (g) The Notes will not have the benefit of any sinking fund. 

(h) Except as provided herein, the holders of the Notes shall have no special rights in addition to those provided in the Base Indenture upon
the occurrence of any particular events. 
 (i) The Notes will be general unsecured and unsubordinated obligations of the Company and will
be ranked equally among themselves. 
 (j) The Notes are not convertible into shares of common stock or other securities of the Company.

 (k) The restrictive covenant set forth in Section 1.04 hereof shall be applicable to the Notes. 

(l) The Designated Currency of the Notes shall be Dollars. 

  
 2 

	Section 1.02.	Additional Defined Terms. 

 As used herein, the following defined terms shall have the
following meanings with respect to the Notes only: 
 “Change of Control” means the occurrence of any of the following:
(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries
taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to the Company or one or more of its direct or indirect subsidiaries; (2) the adoption of a plan relating to the
Company’s liquidation or dissolution; (3) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as defined above), including any group defined
as a person for the purpose of Section 13(d)(3) of the Exchange Act, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of Voting Stock of the Company; (4) the first day on which
a majority of the members of the Company’s board of directors cease to be Continuing Directors; or (5) the Company consolidates with, or merges with or into, any “person” (as defined above), or any “person” (as defined
above) consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or the outstanding Voting Stock of such other “person” (as defined
above) is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or
exchanged for, a majority of the Voting Stock of the surviving “person” (as defined above) or parent entity thereof immediately after giving effect to such transaction. Notwithstanding the foregoing, a transaction shall not be considered
to be a Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of another person and (b) immediately following that transaction, a majority of the Voting Stock of such person is held by the direct or
indirect holders of the Voting Stock of the Company immediately prior to such transaction and in substantially the same proportion as immediately prior to such transaction. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Ratings Event. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having
an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of the Notes to be redeemed. 
 “Comparable Treasury Price” means, with
respect to any Optional Redemption Date, (a) the arithmetic average of the Reference Treasury Dealer Quotations for such Optional Redemption Date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations, or
(b) if the Company obtains fewer than four Reference Treasury Dealer Quotations, the arithmetic average of those quotations. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who
(1) was a member of the Board of Directors of the Company on the date of the issuance of the Notes; or (2) was nominated for election or elected or appointed to the Board of Directors of the Company with the approval (either by specific
vote or by approval by the Company’s Board of Directors in the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection by the Company’s Board of Directors to such nomination)
of a majority of the Continuing Directors who were members of such Board of Directors of the Company at the time of such nomination or election or appointment. 

  
 3 

 “Independent Investment Banker” means the Reference Treasury Dealer appointed by
the Company as Independent Investment Banker (initially, Goldman, Sachs & Co. or J.P. Morgan Securities LLC). 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor Rating Categories
of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor Rating Categories of S&P); and the equivalent Investment Grade credit rating from any additional Rating Agency or Rating Agencies selected by the
Company. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Optional Redemption Date” when used with respect to any Note to be redeemed at the Company’s option, means the date
fixed for such redemption by or pursuant to Section 1.03 of this Second Supplemental Indenture. 
 “Optional Redemption
Price” when used with respect to any Note to be redeemed at the Company’s option, means the price at which it is to be redeemed pursuant to Section 1.03(b) or Section 1.03(c), as the case may be, of this Second Supplemental Indenture.

 “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P
ceases to rate the Notes or fails to make a rating of the Notes publicly available for any reason, a “nationally recognized statistical rating organization” within the meaning of Rule 3(a)(62) of the Exchange Act, selected by the
Company (as certified by a resolution of the Board of Directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“Rating Category” means (i) with respect to S&P, any of the following categories: BBB, BB, B, CCC, CC, C and D (or
equivalent successor categories); (ii) with respect to Moody’s, any of the following categories: Baa, Ba, B, Caa, Ca, C and D (or equivalent successor categories); and (iii) the equivalent of any such category of S&P or
Moody’s used by another Rating Agency. In determining whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories (+ and – for S&P; 1, 2 and 3 for Moody’s; or the equivalent
gradations for another Rating Agency) shall be taken into account (e.g., with respect to S&P, a decline in a rating from BB+ to BB, as well as from BB- to B+, will constitute a decrease of one gradation). 

“Rating Date” means the date of the first public announcement by the Company of the occurrence of a Change of Control (or
pending Change of Control). 

  
 4 

 “Ratings Event” means the occurrence of the events described in (a), (b) or
(c) below during the period commencing on a Rating Date and ending 60 days following the occurrence of such Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a
possible downgrade by any of the Rating Agencies): (a) in the event the applicable Notes are rated by both Rating Agencies on the Rating Date as Investment Grade, the rating of the applicable Notes shall be reduced so that the applicable Notes
are rated below Investment Grade by both Rating Agencies, (b) in the event the applicable Notes (1) are rated Investment Grade by one Rating Agency and below Investment Grade by the other Rating Agency on the Rating Date, the rating of the
applicable Notes by such Rating Agency rating the Notes as Investment Grade shall be decreased by one or more gradations (including gradations within Rating Categories, as well as between Rating Categories) so that the applicable Notes are then
rated below Investment Grade by both Rating Agencies or (2) are rated below Investment Grade by both Rating Agencies on the Rating Date, the rating of the applicable Notes by either Rating Agency shall be decreased by one or more gradations
(including gradations within Rating Categories, as well as between Rating Categories) or (c) fewer than two Rating Agencies provide a rating for the Applicable Notes. 

“Reference Treasury Dealer” means each of (i) Goldman, Sachs & Co. and J.P. Morgan Securities LLC and their
respective successors and (ii) two other nationally recognized investment banking firms (or their affiliates) that the Company selects in connection with the particular redemption, and their respective successors, provided that if at any time
any of the above is not a primary U.S. Government securities dealer in the United States, the Company will substitute that entity with another nationally recognized investment banking firm that the Company selects that is a primary U.S. Government
securities dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
Optional Redemption Date, the arithmetic average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Optional Redemption Date. 

“Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of the
principal thereof and interest thereon that would be due after the related Optional Redemption Date but for such redemption; provided, however, that, if such Optional Redemption Date is not an interest payment date with respect to such Note, the
amount of the next scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to such Optional Redemption Date. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any
successor to its rating agency business. 

  
 5 

 “Treasury Rate” means, for any Optional Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity or interpolated yield to maturity, computed as the third business day immediately preceding that Optional Redemption Date, of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Optional Redemption Date. 
  

	Section 1.03.	Optional Redemption. 

 (a) The provisions of Article Three of the Base Indenture, as
amended by the provisions of this Second Supplemental Indenture, shall apply to the Notes with respect to this Section 1.03. 
 (b) The
Notes shall be redeemable in whole or in part at any time prior to April 15, 2021 at the Company’s option. Upon redemption of any Notes pursuant to this Section 1.03(b), the Company shall pay an Optional Redemption Price equal to the
greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed, and 

(ii) the sum of the present values of the Remaining Scheduled Payments of the Notes to be redeemed, discounted to the Optional
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 20 basis points, 

plus, in addition to such Optional Redemption Price, in each case, accrued and unpaid interest thereon to, but excluding, the Optional Redemption Date.
Notwithstanding the foregoing, installments of interest whose Stated Maturity is on or prior to the Optional Redemption Date shall be payable on the applicable Interest Payment Date to the Holders of such Notes registered as such at the close of
business on the applicable record date pursuant to the Notes and the Indenture. 
 (c) The Notes shall be redeemable in whole or in
part at any time on or after April 15, 2021 and prior to their maturity date at the Company’s option. Upon redemption of the Notes pursuant to this Section 1.03(c), the Company shall pay an Optional Redemption Price equal to 100% of the
principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the Optional Redemption Date. Notwithstanding the foregoing, installments of interest whose Stated Maturity is on or prior to the
Optional Redemption Date shall be payable on the applicable Interest Payment Date to the Holders of such Notes registered as such at the close of business on the applicable record date pursuant to the Notes and the Indenture. 

(d) On and after the Optional Redemption Date for the Notes, interest shall cease to accrue on the Notes or any portion thereof called for
redemption, unless the Company defaults in the payment of the Optional Redemption Price and accrued interest, if any. On or before 12:00 p.m., New York City time, on the Optional Redemption Date for the Notes, the Company shall deposit with the
Trustee or a paying agent funds sufficient to pay the Optional Redemption Price of the Notes to be redeemed on the Optional Redemption Date, and (except if the date fixed for redemption shall be an Interest Payment Date) accrued and unpaid interest,
if any. If less than all of the Notes are to be redeemed, the Notes shall be redeemed in accordance with Section 3.02 of the Base Indenture. 

  
 6 

 (e) Notice of any optional redemption shall be electronically delivered or mailed at least 30
days but not more than 60 days before the Optional Redemption Date to each holder of the Notes to be redeemed; provided, however, that the Company shall notify the Trustee of the Optional Redemption Date at least 15 days prior to the date of the
giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall be provided in accordance with Section 3.02 of the Base Indenture; provided that, in lieu of mailing, notices may be electronically
delivered to Holders of the Notes at their last electronic mailing addresses as they shall appear upon the Security Register. If the Optional Redemption Price cannot be determined at the time such notice is to be given, the actual Optional
Redemption Price, calculated as described above in clause (b), shall be set forth in an Officers’ Certificate of the Company delivered to the Trustee no later than two (2) Business Days prior to the Optional Redemption Date. Notice of
redemption having been given as provided in the Indenture, the Notes called for redemption shall, on the Optional Redemption Date, become due and payable at the Optional Redemption Price, and accrued and unpaid interest, if any, to, but excluding,
the Optional Redemption Date. 
  

	Section 1.04.	Additional Covenant. 

 The following additional covenant shall apply with respect to the
Notes so long as any of the Notes remain Outstanding: 
 (a) Change of Control Repurchase Event. 

(i) If a Change of Control Repurchase Event occurs with respect to the Notes, unless the Company shall have exercised its
option to redeem the Notes in full, as set forth in Section 1.03 of this Second Supplemental Indenture, or the Company shall have defeased the Notes or have satisfied and discharged the Notes, as set forth in Article XI of the Base Indenture, the
Company shall make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase any and all of such holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes to
be repurchased (such principal amount to be equal to $2,000 or an integral multiple of $1,000 in excess of $2,000), plus accrued and unpaid interest, if any, on the Notes to be repurchased up to, but excluding, the date of repurchase (the
“Change of Control Payment”). Within 30 days following any Change of Control Repurchase Event, or, at the option of the Company, prior to any Change of Control, but after the public announcement of such Change of Control, the
Company shall mail or electronically deliver notice to the Holders of the Notes (with a copy to the Trustee), which shall (A) describe the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event;
(B) offer to repurchase the Notes on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed or electronically delivered (the “Change of Control Payment
Date”); (C) state the instructions, as determined by the Company, that a Holder must follow in order to have its Notes repurchased; and (D) state that the offer to repurchase is conditioned on the Change of Control Repurchase
Event, if mailed or electronically delivered prior to the date of consummation of the Change of Control. Notwithstanding the foregoing, installments of interest whose Stated Maturity is on or prior to the Change of Control Payment Date shall be
payable on the applicable Interest Payment Date to the Securityholders of such Notes registered as such at the close of business on the applicable record date pursuant to the Notes and the Indenture. 

  
 7 

 (ii) On the Change of Control Payment Date, the Company shall, to the extent
lawful: 
 (A) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

 (B) deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes properly tendered; and 
 (C) deliver or cause to be delivered to the Trustee the Notes properly accepted, together
with an Officers’ Certificate stating (1) the aggregate principal amount of Notes or portions of such Notes being repurchased, (2) that all conditions precedent contained herein to make a Change of Control Offer have been complied
with and (3) that the Change of Control Offer has been made in compliance with the Indenture. 
 (iii) Notwithstanding
the foregoing, the Company will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event, if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements
for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 

(iv) If Holders of not less than 95% in aggregate principal amount of the applicable series of Outstanding Notes validly tender
and do not withdraw such Notes in an offer to repurchase the Notes upon a Change of Control Repurchase Event and the Company, or any third party making an offer to purchase the Notes upon a Change of Control Repurchase Event in lieu of the Company
pursuant to Section 1.04 purchases all of the Notes validly tendered and not withdrawn by such Holders, the Company shall have the right, upon not less than 30 nor more than 60 days’ prior written notice, given not more than 30 days following
the Change of Control Payment Date, to redeem all Notes of that series that remain outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date
of redemption. 

  
 8 

 (v) The Company shall comply in all material respects with the requirements of
Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase
Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of this Section 1.04, the Company shall comply with the applicable securities laws and regulations and shall not
be deemed to have breached its obligations under this Section 1.04 by virtue of any such conflict. 
  

	Section 1.05.	Events of Default. 

 With respect to the Notes, “Event of Default” means
any one or more of the following events that has occurred and is continuing: 
 (a) default in the payment of the principal or any premium
on any Note of that series when due (whether at maturity, upon acceleration, redemption or otherwise); 
 (b) default for 30 days in the
payment of interest on any Note of such series when due; 
 (c) failure by the Company to observe or perform any term of the Indenture
(other than those referred to in (a) or (b) above and other than a covenant or agreement included in this Second Supplemental Indenture not for the benefit of such series) for a period of 60 days after the Company receives a notice of default
stating that the Company is in breach. The notice must be sent by either the Trustee or Holders of 25% of the principal amount of the Notes of the affected series; 

(d) failure by the Company to repurchase the Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event in
conformity with Section 1.04 of this Second Supplemental Indenture; 
 (e) the entry by a court having competent jurisdiction of: 

(i) an order for relief in respect of the Company in an involuntary proceeding under any Bankruptcy Law and such order shall
remain unstayed and in effect for a period of 60 consecutive days; or 
 (ii) a final and non-appealable order appointing a
Custodian, of the Company, or ordering the winding up or liquidation of the affairs of the Company, and such order shall remain unstayed and in effect for a period of 60 consecutive days; 

  
 9 

 (f) the commencement by the Company of a voluntary proceeding under any Bankruptcy Law or the
consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any Bankruptcy Law or the filing by the Company of a consent to an order for relief in any involuntary proceeding under any Bankruptcy Law or to
the appointment of a Custodian or the making by the Company of an assignment for the benefit of creditors; 
 (g) (i) a failure to make any
payment at maturity, including any applicable grace period, of any indebtedness of the Company (other than indebtedness of the Company owing to any of its direct or indirect Subsidiaries) in an amount in excess of $100,000,000 and continuance of
this failure to pay or (ii) a default on any indebtedness of the Company (other than indebtedness owing to any of its direct or indirect Subsidiaries), which default results in the acceleration of such indebtedness in an amount in excess of
$100,000,000 without such indebtedness having been discharged or the acceleration having been cured, waived, rescinded or annulled, in the case of clause (i) or (ii) above, for a period of 30 days after written notice thereof to the Company by the
Trustee or to the Company and the Trustee by the Holders of not less than 25% in principal amount of Outstanding Notes of such series (including any Additional Notes), provided, however, that if any failure, default or acceleration referred to in
clause (i) or (ii) above ceases or is cured, waived, rescinded or annulled, then the Event of Default will be deemed cured. 
 ARTICLE 2 

MISCELLANEOUS 
  

	Section 2.01.	Definitions. 

 Capitalized terms used but not defined in this Second Supplemental
Indenture shall have the meanings ascribed thereto in the Base Indenture. 
  

	Section 2.02.	Confirmation of Indenture. 

 The Base Indenture, as supplemented and amended by this
Second Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture, this Second Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 

 

	Section 2.03.	Concerning the Trustee. 

 In carrying out the Trustee’s responsibilities hereunder,
the Trustee shall have all of the rights, protections and immunities which it possesses under the Indenture. The recitals contained herein and in the Notes, except the Trustee’s certificate of authentication, shall be taken as the statements of
the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the
use or application by the Company of the Notes or the proceeds thereof. 

  
 10 

	Section 2.04.	Governing Law. 

 This Second Supplemental Indenture and the Notes shall be deemed to be a
contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 
  

	Section 2.05.	Separability. 

 In case any provision in this Second Supplemental Indenture shall for any
reason be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

 

	Section 2.06.	Counterparts. 

 This Second Supplemental Indenture may be executed in any number of
counterparts each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
  

	Section 2.07.	No Benefit. 

 Nothing in this Second Supplemental Indenture, express or implied, shall
give to any Person other than the parties hereto and their successors or assigns, and the holders of the Notes, any benefit or legal or equitable rights, remedy or claim under this Second Supplemental Indenture or the Base Indenture. 

  
 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed all as of the day and year first above written. 
  

					
	NETAPP, INC.
		
	By:	 	 /s/ Nicholas R. Noviello

		 	Name:	 	Nicholas R. Noviello
		 	Title:	 	Executive Vice President of Finance and Operations and Chief Financial Officer

  
 Second Supplemental
Indenture 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed all as of the day and year first above written. 
  

					
	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	 By:
	 	 /s/ Paula M. Oswald

		 	Name:	 	Paula M. Oswald
		 	Title:	 	Vice President

  
 Second Supplemental
Indenture 

 EXHIBIT A 

FORM OF 3.375% SENIOR NOTES DUE 2021 

[Insert the Global Security legend, if applicable] 

NETAPP, INC. 
 3.375%
SENIOR NOTES DUE 2021 
  

			
	No. [    ]	  	$[        ]
	CUSIP No. [    ]	  	
	ISIN No. [    ]	  	
	Common Code [            ]	  	

 NetApp, Inc., a Delaware corporation, for value received, promises to pay to
[        ] or registered assigns, the principal sum of [        ] DOLLARS ($[        ]) on June 15, 2021. 

Interest Payment Dates: June 15 and December 15 

Record Dates: June 1 and December 1 

Each holder of this Security (as defined below), by accepting the same, agrees to and shall be bound by the provisions hereof and of the
Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the acceptance of the provisions contained
herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This Security shall not be entitled to any benefit
under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Security are continued on the reverse side hereof,
and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with Section 2.04 of
the Base Indenture. 
  

			
	NETAPP, INC.
	
	  

	Name:	 	
	Title:	 	
	
	  

	Name:	 	
	Title:	 	

  
 A-2 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 

 

									
	Date:	 	  
	 		 		 	
				
		 		 		 	 U.S. Bank National Association,
 as
Trustee

					
		 		 		 	By:	 	  

		 		 		 		 	Authorized Signatory

 NETAPP, INC. 3.375% SENIOR NOTE DUE 2021 

  
 A-3 

 (Reverse of Note) 

NetApp, Inc. 
 3.375%
Senior Notes due 2021 
 This security is one of a duly authorized series of debt securities of NetApp, Inc., a Delaware corporation (the
“Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s unsubordinated debt securities, dated as of December 12, 2012 (the “Base Indenture”), duly executed and
delivered by and among the Company and U.S. Bank National Association (the “Trustee”), as supplemented by the Second Supplemental Indenture, dated as of June 5, 2014 (the “Second Supplemental Indenture”), by and between the
Company and the Trustee. The Base Indenture as supplemented and amended by the Second Supplemental Indenture is referred to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable
in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Base Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and
collectively, the “Securities”), and reference is hereby made to the Indenture for a description of the rights, limitations of rights, obligations, duties and immunities of the Trustee, the Company and the holders of the Securities (the
“Securityholders”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in the Base Indenture or the Second Supplemental Indenture, as applicable. 

1. Interest. The Company promises to pay interest on the principal amount of this Security at an annual rate of 3.375%. The Company
will pay interest semi-annually on June 15 and December 15 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date, Optional Redemption Date or maturity date of this Security is not a Business Day,
then payment of interest or principal (and premium, if any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest shall accrue for the period after such date to
the date of such payment on the next succeeding Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from the date of issuance; provided
that, if there is no existing Default in the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next
succeeding Interest Payment Date; and provided, further, that the first Interest Payment Date shall be December 15, 2014. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay interest on the Securities (except defaulted interest), if any, to the persons in whose name
such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a portion thereof are called for redemption or
there is a Change of Control Offer, and the Optional Redemption Date or the Change of Control Payment Date, as applicable, is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date,
interest on such Securities will instead be paid upon presentation and surrender of such Securities as provided in the Indenture. The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of
America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 

  
 A-4 

 3. Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee,
will act as paying agent and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any Securityholder. The Company or any of its direct or indirect wholly-owned subsidiaries may act in any
such capacity. 
 4. Indenture. The terms of the Securities include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and Securityholders are referred to the Indenture and TIA for a statement
of such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “3.375% Senior Notes due 2021”, initially limited to $500,000,000 in aggregate principal amount.
The Company will furnish to any Securityholder upon written request and without charge a copy of the Base Indenture and the Second Supplemental Indenture. Requests may be made to: NetApp, Inc., 495 East Java Drive, Sunnyvale, California 94089,
Attention: General Counsel. 
 5. Redemption. The Securities may be redeemed at the option of the Company prior to the maturity date,
as provided in Section 1.03 of the Second Supplemental Indenture. 
 The Company shall not be required to make sinking fund payments
with respect to the Securities. 
 6. Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase
Event, unless the Company has exercised its right to redeem this Security or the Company has defeased this Security or satisfied and discharged this Security, the holder of this Security will have the right to require that the Company purchase all
or a portion (such principal amount to be equal to $2,000 or any integral multiple of $1,000 in excess of $2,000) of this Security at a purchase price equal to 101% of the principal amount repurchased plus accrued and unpaid interest, if any, on the
amount to be repurchased to the date of purchase. Within 30 days following any Change of Control Repurchase Event, or, at the option of the Company, prior to any Change of Control but after the public announcement of the Change of Control, the
Company shall send, by first class mail or electronic delivery, a notice to each Holder, in accordance with Section 1.04(a)(i) of the Second Supplemental Indenture, with a copy to the Trustee, which notice shall govern the terms of the Change
of Control Offer. 

  
 A-5 

 7. Denominations, Transfer, Exchange. The Securities are in registered form without
coupons in the denominations of $2,000 or any integral multiple of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. No service charge will be made for any
registration of transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be required to: (i) issue, register the transfer
of, or exchange any Security during a period beginning at the opening of business 30 days before the day of mailing of a notice of redemption of less than all of the outstanding Securities of the same series and ending at the close of business on
the day of such mailing; (ii) register the transfer of or exchange any Security of any series or portions thereof selected for redemption, in whole or in part, except the unredeemed portion of any such Security being redeemed in part; nor
(iii) register the transfer of or exchange of a Security of any series between the applicable record date and the next succeeding Interest Payment Date. 

8. Persons Deemed Owners. The registered Securityholder may be treated as its owner for all purposes. 

9. Repayment to the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the
Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date upon which the
principal of, premium, if any, or interest on such Securities shall have respectively become due and payable, shall, upon request of the Company, be repaid to the Company, or (if then held by the Company) shall be discharged from such trust. After
return to the Company, Holders entitled to the money or securities must look to the Company, as applicable, for payment as unsecured general creditors. 

10. Amendments, Supplements and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority
in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 

  
 A-6 

 11. Defaults and Remedies. If an Event of Default with respect to the securities of a
series issued pursuant to the Second Supplemental Indenture occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding, by notice in writing to the Company
(and to the Trustee if notice is given by such holders), may declare the unpaid principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the
Indenture shall occur and be continuing, the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders, unless such holders have offered the Trustee indemnity
satisfactory to it. Upon satisfaction of certain conditions set forth in the Indenture, the holders of a majority in principal amount of the Outstanding securities of a series issued pursuant to the Second Supplemental Indenture will have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the securities of such series. 

12. Trustee, Paying Agent and Security Registrar May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA,
or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 

13. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement of the Indenture, or of any Security,
or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either
directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the
Indenture and the obligations issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as
such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every
such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities
or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the acceptance of the Securities. 

14. Discharge of Indenture. The Indenture contains certain provisions pertaining to discharge and defeasance, which provisions shall
for all purposes have the same effect as if set forth herein. 
 15. Authentication. This Security shall not be valid until the
Trustee manually signs the certificate of authentication attached to the other side of this Security. 

  
 A-7 

 16. Abbreviations. Customary abbreviations may be used in the name of a Securityholder or
an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. Governing Law. The Base Indenture, the Second Supplemental Indenture and this Security shall be deemed to be a contract made under
the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

  
 A-8 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 

	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	  

	
	  

	
	  

	
	  

 (Print or type assignee’s name, address and zip code) 

and irrevocably appoint                      agent to
transfer this Security on the books of the Company. The agent may substitute another to act for him. 
  

							
	Date:	 	  
	 		 	
				
		 		 		 	Your Signature:
				
		 		 		 	  

		 		 		 	(Sign exactly as your name appears on the face of this Security)

  

			
	Signature Guarantee:	 	  

  
 A-9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.04(a) of the Second Supplemental Indenture, check
the box: 
  

	 ̈	Section 1.04(a) Change of Control Repurchase Event 

 If you want to elect to have only part of
this Security purchased by the Company pursuant to Section 1.04(a) of the Second Supplemental Indenture, state the amount: $        . 
  

							
	Date:	 	  
	 		 	 Your Signature:
 (Sign exactly as your name
appears on the other side of the Security)
  
 Tax I.D. number

  

			
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

  
 A-10EX-10.1

 Exhibit 10.1 

STOCK PURCHASE AGREEMENT 

BY AND AMONG 

THOR INDUSTRIES, INC.(“BUYER”) 

AND 
 DARYL E.
ZOOK, 
 TRISTA E. NUNEMAKER, 

TONJA ZOOK-NICHOLAS, 

DARYL E. ZOOK GST EXEMPT LIFETIME TRUST, 

AND 
 DARYL E.
ZOOK GST NON-EXEMPT LIFETIME TRUST 

(COLLECTIVELY, THE “SELLERS”) 

 
 APRIL 16, 2014 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1.     THE TRANSACTION
	  	 	1	  
		
	 Section 1.1 Purchase and Sale of Company Shares
	  	 	1	  
	 Section 1.2 Purchase Price
	  	 	1	  
	 Section 1.3 Pre-Signing Base Purchase Price Adjustment
	  	 	2	  
	 Section 1.4 Post-Closing Purchase Price Adjustment
	  	 	2	  
	 Section 1.5 Escrow
	  	 	6	  
	 Section 1.6 Real Estate
	  	 	6	  
	 Section 1.7 The Signing and the Closing
	  	 	6	  
	 Section 1.8 Sellers’ Representative
	  	 	7	  
		
	 ARTICLE 2.     REPRESENTATIONS AND WARRANTIES
OF THE SELLERS
	  	 	8	  
		
	 Section 2.1 Organization, Qualification and Corporate Power
	  	 	8	  
	 Section 2.2 Capitalization and Ownership
	  	 	8	  
	 Section 2.3 Authority
	  	 	9	  
	 Section 2.4 Noncontravention; Consents and Approvals
	  	 	10	  
	 Section 2.5 Equity Investments
	  	 	10	  
	 Section 2.6 Financial Statements
	  	 	10	  
	 Section 2.7 Tangible Property
	  	 	10	  
	 Section 2.8 Condition of Tangible Property
	  	 	10	  
	 Section 2.9 Absence of Material Adverse Changes, Etc.
	  	 	11	  
	 Section 2.10 No Undisclosed Liabilities
	  	 	11	  
	 Section 2.11 Tax Matters
	  	 	11	  
	 Section 2.12 Intellectual Property
	  	 	13	  
	 Section 2.13 Contracts; No Defaults
	  	 	13	  
	 Section 2.14 Proceedings
	  	 	14	  
	 Section 2.15 Labor and Employment Matters
	  	 	14	  
	 Section 2.16 Employee Benefits
	  	 	15	  
	 Section 2.17 Environmental Matters
	  	 	16	  
	 Section 2.18 Legal Compliance
	  	 	17	  
	 Section 2.19 Permits
	  	 	17	  
	 Section 2.20 Insurance
	  	 	18	  
	 Section 2.21 Customers and Suppliers
	  	 	18	  
	 Section 2.22 Brokers’ Fees
	  	 	18	  
	 Section 2.23 Book and Records; Bank Accounts
	  	 	18	  
	 Section 2.24 Certain Business Relationships with the Company
	  	 	18	  
	 Section 2.25 Disclaimer of Warranties
	  	 	18	  
		
	 ARTICLE 3.     REPRESENTATIONS AND WARRANTIES
OF THE BUYER
	  	 	18	  
		
	 Section 3.1 Organization
	  	 	19	  
	 Section 3.2 Authorization of Transaction
	  	 	19	  
	 Section 3.3 Noncontravention
	  	 	19	  
	 Section 3.4 Broker’s Fees
	  	 	19	  
	 Section 3.5 Litigation
	  	 	19	  

  

					
	  STOCK PURCHASE AGREEMENT
	 	i	 	ELDS01 272111v16 

					
	 Section 3.6 Investment Intent
	  	 	20	  
	 Section 3.7 Solvency
	  	 	20	  
		
	 ARTICLE 4.     PRE-CLOSING COVENANTS
	  	 	20	  
		
	 Section 4.1 Reasonable Best Efforts
	  	 	20	  
	 Section 4.2 Operation of Business
	  	 	20	  
	 Section 4.3 Access
	  	 	21	  
	 Section 4.4 Exclusivity
	  	 	21	  
	 Section 4.5 Insurance
	  	 	21	  
	 Section 4.6 Certain Actions
	  	 	21	  
		
	 ARTICLE 5.     NO CONDITIONS PRECEDENT
TO CLOSING
	  	 	21	  
		
	 Section 5.1 Conditions to Obligations of the Buyer
	  	 	21	  
	 Section 5.2 Conditions to Obligations of the Sellers
	  	 	21	  
		
	 ARTICLE 6.     INDEMNIFICATION
	  	 	22	  
		
	 Section 6.1 Indemnification by the Sellers
	  	 	22	  
	 Section 6.2 Indemnification by the Buyer
	  	 	22	  
	 Section 6.3 Claims for Indemnification
	  	 	22	  
	 Section 6.4 Survival
	  	 	23	  
	 Section 6.5 Limitations
	  	 	24	  
	 Section 6.6 Manner of Payment
	  	 	24	  
		
	 ARTICLE 7.     TERMINATION
	  	 	24	  
		
	 Section 7.1 Termination of Agreement
	  	 	24	  
		
	 ARTICLE 8.     TAX MATTERS
	  	 	25	  
		
	 Section 8.1 Tax Indemnification
	  	 	25	  
	 Section 8.2 Straddle Period
	  	 	25	  
	 Section 8.3 Responsibility for Filing Tax Returns
	  	 	25	  
	 Section 8.4 Refunds and Tax Benefits
	  	 	25	  
	 Section 8.5 Cooperation on Tax Matters; Tax Audits
	  	 	26	  
	 Section 8.6 Certain Taxes and Fees
	  	 	27	  
	 Section 8.7 Taxes and Section 338(h)(10) Election
	  	 	27	  
		
	 ARTICLE 9.     FURTHER AGREEMENTS
	  	 	28	  
		
	 Section 9.1 Access to Information; Record Retention; Cooperation
	  	 	28	  
	 Section 9.2 Further Assurances
	  	 	29	  
	 Section 9.3 Disclosure Generally
	  	 	29	  
	 Section 9.4 Resignations
	  	 	29	  
	 Section 9.6 Employee Matters
	  	 	30	  
		
	 ARTICLE 10.     MISCELLANEOUS
	  	 	31	  
		
	 Section 10.1 Definitions and Usage
	  	 	31	  
	 Section 10.2 Press Releases and Announcements
	  	 	36	  
	 Section 10.3 No Third-Party Beneficiaries
	  	 	36	  
	 Section 10.4 Action to be Taken by Affiliates
	  	 	36	  

  

					
	  STOCK PURCHASE AGREEMENT
	 	ii	 	ELDS01 272111v16 

					
	 Section 10.5 Entire Agreement
	  	 	36	  
	 Section 10.6 Succession and Assignment
	  	 	36	  
	 Section 10.7 Counterparts; Facsimile Signatures
	  	 	36	  
	 Section 10.8 Headings
	  	 	36	  
	 Section 10.9 Notices
	  	 	36	  
	 Section 10.10 Governing Law
	  	 	37	  
	 Section 10.11 Amendments and Waivers
	  	 	37	  
	 Section 10.12 Severability
	  	 	37	  
	 Section 10.13 Expenses
	  	 	38	  
	 Section 10.14 Specific Performance
	  	 	38	  
	 Section 10.15 Incorporation of Exhibits, Schedules, and Attachments
	  	 	38	  
	 Section 10.16 Trustee Not Personally Liable
	  	 	38	  
	 Section 10.17 Representation; Privilege
	  	 	38	  
	 Section 10.18 Submission to Jurisdiction
	  	 	38	  

 Exhibits: 

					
		 	 Exhibit 1.2
	  	 Signing Escrow Agreement

		 	 Exhibit 1.3(a)
	  	 Estimated Purchase Price Certificate

		 	 Exhibit 1.3(b)
	  	 Net Working Capital Calculation and

Accounting Practices

		 	 Exhibit 1.5
	  	 Escrow Agreement

		 	 Exhibit 8.8
	  	 Taxes and Section 338(h)(10) Election

Methodology

		 	 Schedule 1.6
	  	 Real Estate

		 	 Schedule 9.1(d)
	  	 Retention of Records

  

					
	  STOCK PURCHASE AGREEMENT
	 	iii	 	ELDS01 272111v16 

 STOCK PURCHASE AGREEMENT 

This STOCK PURCHASE AGREEMENT (the “Agreement”) is dated as of
April 16, 2014 (the “Signing Date”), by and among Thor Industries, Inc., a Delaware corporation (the “Buyer”), and DARYL E. ZOOK, TRISTA E.
NUNEMAKER, TONJA ZOOK-NICHOLAS, THE DARYL E. ZOOK GST EXEMPT LIFETIME
TRUST or its assignee, and THE DARYL E. ZOOK GST NON-EXEMPT LIFETIME
TRUST or its assignee (collectively the “Sellers”). The Buyer and the Sellers are sometimes respectively referred to as “Party”, and collectively referred to as the
“Parties.” Capitalized terms used in this Agreement and not otherwise defined are defined in Section 10.1. 

RECITALS 
  

	 	1.	 The Sellers own all of the issued and outstanding shares of the capital stock of K.Z., INC., an Indiana corporation (K.Z., Inc. and
its affiliates KZRV, L.P. (the “LP”), KZIN, LLC (the “LLC”) and KZRV Sales, Inc. (the “DISC”) shall sometimes be individually and collectively referred to as the “Company”).

  

	 	2.	 The Company manufactures and sells travel trailers, travel trailer toy haulers, fifth wheels, and fifth wheel toy haulers (the
“Business”). 

  

	 	3.	 The Sellers desire to sell to the Buyer, and the Buyer desires to purchase from the Sellers, all of the issued and outstanding shares of capital
stock of K.Z., Inc. (the “Company Shares”) for the consideration set forth below, subject to the terms and conditions of this Agreement. 

NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements
contained in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows: 
 Article
1.      THE TRANSACTION 
 Section 1.1 Purchase and Sale
of Company Shares. Upon and subject to the terms and conditions of this Agreement, at the Closing (as defined below) the Sellers shall sell, transfer, convey, assign and deliver to the Buyer, and the Buyer shall purchase, acquire and accept from
the Sellers, the Company Shares. 
 Section 1.2 Purchase Price. The purchase price to be paid by the Buyer to the
Sellers for the Company Shares shall be Fifty-Three Million Four Hundred Three Thousand Five Hundred Seventy-One Dollars ($53,403,571) (the “Signing Purchase Price”) (the Signing Purchase Price is “Base Purchase
Price” of $52,300,000 which has been increased by One Million One Hundred Three Thousand Five Hundred Seventy-One Dollars ($1,103,571) which is the positive amount by which the Estimated Net Working Capital exceeds Fourteen Million
Two Hundred Thirty-One Thousand Four Hundred Twenty-Nine Dollars ($14,231,429) (the “Target Net Working Capital”) pursuant to Section 1.3 below. The Signing Purchase Price shall be subject to further adjustment as set
forth in Section 1.4 below (as adjusted, the “Purchase Price”). 
 At the Signing Date, the
Signing Purchase Price shall be payable by Buyer to Meridian Title Corporation as escrow agent for the Purchase Price and the closing documents (the “Signing Escrow Agent”) to be held pursuant to the escrow agreement in the form
attached as Exhibit 1.2 (the “Signing Escrow Agreement”). At Closing, the Signing Escrow Agent shall (i) 

  

					
	  STOCK PURCHASE AGREEMENT
	 	 	 	ELDS01 272111v16 

 
disburse Three Million Dollars ($3,000,000) of the Signing Purchase Price (the “Escrow Amount”) to Wells Fargo Bank, National Association (the “Escrow Agent”) to
be held pursuant to the provisions of Section 1.5, (ii) disburse the amounts set forth on the Funds Flow Statement provided for in the Signing Escrow Agreement signed by the Buyer and the Sellers’ Representative and determined
in the Signing Escrow Agreement, to the persons or entities as designated on that Funds Flow Statement, and (iii) disburse the balance of the Signing Purchase Price to or for the accounts of the Sellers in accordance with wire transfer
instructions provided by Sellers’ Representative. 
 Section 1.3
Pre-Signing Base Purchase Price Adjustment. 

(a)        The Sellers have caused to be prepared and delivered to the
Buyer and Buyer has reviewed the certificate (the “Estimated Purchase Price Certificate”) attached as Exhibit 1.3(a) to this Agreement executed by a senior officer of the K.Z., Inc., dated as of the date of
delivery, stating that there has been conducted under the supervision of the such senior officer a review of all relevant information and data then available and setting forth an estimate of the Net Working Capital (as defined below) of the Company
as of the Closing Date (the “Estimated Net Working Capital”). The Estimated Net Working Capital was determined in accordance with generally accepted accounting principles
(“GAAP”) and consistent with the Company’s past practice used in calculating the components of Net Working Capital for the Annual Financial Statements (as defined in Section 2.6) (except that to the
extent that the past practices of the Company used in preparing the Financial Statements are not consistent with GAAP, such past practices were used in determining the Estimated Net Working Capital). The Estimated Purchase Price Certificate attached
as Exhibit 1.3(a) to this Agreement, and the Estimated Net Working Capital set forth thereon shall be binding on the Sellers and the Buyer for purposes of the Signing Purchase Price Payment. 

(b)        For the purposes of this Agreement, including the
determination of the Estimated Net Working Capital, the Closing Net Working Capital (as defined below), and the Final Net Working Capital (as defined below), the term “Net Working Capital” shall have the meaning and
will be calculated as set forth on Exhibit 1.3(b) attached hereto. Notwithstanding anything in this Agreement to the contrary, it is understood and agreed that the Sellers shall be entitled to the balance sheet cash less fiduciary cash
of K.Z., Inc. as of the Closing, and that K.Z., Inc. may, on or before the Closing, distribute all of its balance sheet cash less fiduciary cash to or for the account of the Sellers. 

Section 1.4 Post-Closing Purchase Price Adjustment. 

(a)        As promptly as practicable, but no later than sixty
(60) days after the Closing Date, the Sellers’s Representative will cause to be prepared and delivered to the Buyer a certificate (the “Closing Certificate”) setting forth a calculation of the Net Working
Capital of the Company as of the Closing Date (the “Closing Net Working Capital”), and a calculation of any balance sheet and fiduciary cash of K.Z., Inc. as of the Closing that was not distributed to the Sellers
before or as of the Closing (the “Closing Date Cash”), both of which shall be prepared in accordance with GAAP applied on a basis consistent with the Company’s past practice used in calculating the components of
Net Working Capital and cash for the Financial Statements (except that to the extent that the past practices of the Company used in preparing the Financial 

  

					
	  STOCK PURCHASE AGREEMENT
	 	2	 	ELDS01 272111v16 

 
Statements are not consistent with GAAP, such past practices shall be used in determining the Closing Net Working Capital and preparing the Closing Certificate), and shall be prepared using the
methodologies and practices identified on the Closing Certificate, Exhibit 1.3(b) and Schedule 2.6. The Buyer and Company will assist the Seller in the preparation of the Closing Certificate and will provide the Sellers’
Representative and the Sellers’ Representative’s independent accountants access at all reasonable times to the Company’s personnel and properties, books, and records for such purpose, including access to the inventories in order to
conduct the inventory count as set forth in Section 1.4(f) hereof. The Closing Certificate shall present fairly in all material respects the Net Working Capital and the Closing Date Cash of the Company as of the close of business on the
Closing Date, and shall be prepared using the methodologies and practices identified on the Closing Certificate, Exhibit 1.3(b) and Schedule 2.6. The Buyer shall have forty-five (45) days from the date on which the
Closing Certificate is delivered to it to review the certificate (the “Review Period”). The Buyer and its accountants shall be provided with customary access to the work papers of the Sellers’ Representative’s independent
accountants in connection with such review, subject to the execution of customary confidentiality and other undertakings. If the Buyer disagrees in any respect with any item or amount shown or reflected in the Closing Certificate or with the
calculation of the Closing Net Working Capital or the Closing Date Cash, the Buyer may, on or prior to the last day of the Review Period, deliver a notice to the Sellers’ Representative setting forth, in reasonable detail, each disputed item or
amount and the basis for the Buyer’s disagreement therewith (the “Dispute Notice”). The Dispute Notice shall set forth the Buyer’s position as to the proper Closing Net Working Capital or the Closing Date Cash. If no
Dispute Notice is received by the Sellers’ Representative on or prior to the last day of the Review Period, the Closing Certificate shall be deemed accepted by the Buyer, whereupon (1) the Closing Net Working Capital and the Closing Date
Cash reflected on the Closing Certificate shall be deemed to be the “Final Net Working Capital,” and the “Final Closing Date Cash” and (2) the Buyer or the Sellers, as the case may be, will pay to the
other Party the amount owing in accordance with Section 1.4(d) hereof. In the event that the Buyer timely delivers a Dispute Notice to the Sellers’ Representative, the Buyer or the Sellers, as the case may be, will pay to the other
Party any undisputed portion of the amount determined under Section 1.4(d) hereof which would be payable regardless of how the matters set forth in the Dispute Notice are resolved (the “Undisputed Amount”), with interest
on such amount as determined in Section 1.4(e) hereof. Any amount payable by Sellers under this Section 1.4(a) shall be paid first from the Escrow. 

(b)        For fourteen (14) days after the Sellers’
Representative’s receipt of a Dispute Notice, if any, the Parties shall endeavor in good faith to resolve by mutual agreement all matters in the Dispute Notice. In the event that the Parties are unable to resolve by mutual agreement any matter
in the Dispute Notice within such 14-day period, the Buyer and the Seller hereby agree that they shall engage BDO USA, LLP or other firm mutually agreed upon by the Buyer and the Seller’s Representative
(the “Independent Accounting Firm”) in respect of this Section 1.4. The Sellers and the Buyer shall submit the disputed matters, as described in the Dispute Notice, together with such arguments as either of them choose
to make in connection therewith, in writing to 

  

					
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	 	3	 	ELDS01 272111v16 

 
the Independent Accounting Firm within twenty (20) days after the Independent Accounting Firm’s engagement. 

(c)        The Sellers and the Buyer shall use commercially reasonable
efforts to cause the Independent Accounting Firm to resolve the disputed matters based upon the materials submitted to it pursuant to the last sentence of Section 1.4(b) hereof within thirty (30) days following the submission of
such materials. The Independent Accounting Firm shall determine, based solely on presentations by the Sellers and the Buyer, and not by independent review, only those issues in dispute specifically set forth in the Dispute Notice and shall render a
written report to the Sellers and the Buyer (the “Adjustment Report”) in which the Independent Accounting Firm shall, after considering all matters set forth in the Dispute Notice, determine what adjustments, if any, should be made
to the Closing Certificate solely as to the disputed items and shall determine the appropriate Final Net Working Capital on that basis. The Adjustment Report shall set forth, in reasonable detail, the Independent Accounting Firm’s determination
with respect to each of the disputed items or amounts specified in the Dispute Notice, and the revisions, if any, to be made to the Closing Certificate and the Closing Net Working Capital and the Closing Date Cash, together with supporting
calculations. In resolving any disputed item, the Independent Accounting Firm: (i) shall be bound to the principles of this Section 1.4, Section 1.3, Exhibit 1.3(b), and Schedule 2.6,
(ii) shall limit its review to matters specifically set forth in the Dispute Notice, and (iii) shall not assign a value to any item higher than the highest value for such item claimed by either Party or less than the lowest value for such
item claimed by either Party, and (iv) shall not assign a negative value to Closing Date Cash. All fees and expenses relating to the work of the Independent Accounting Firm shall be borne by the Sellers, on the one hand, and by the Buyer, on
the other hand, in inverse proportion as they may prevail on the matters resolved by the Independent Accounting Firm (such inverse proportion for each Party shall be the positive value obtained by each Party by dividing (1) the difference of
(A) the amount of the Closing Net Working Capital and Closing Date Cash proposed by such Party and (B) the amount of the Final Net Working Capital and Closing Date Cash established by the Independent Accounting Firm by (2) the
difference between (A) the amount of the Closing Net Working Capital and Closing Date Cash proposed by the Seller and (B) the amount of Closing Net Working Capital and Closing Date Cash proposed by the Buyer), which proportionate
allocation will also be determined by the Independent Accounting Firm and be included in the Adjustment Report. The Adjustment Report, absent fraud, shall be final and binding upon the Buyer and the Sellers, shall be deemed a final arbitration award
that is binding on each of the Buyer and the Sellers, and no Party shall seek further recourse to courts, other tribunals or otherwise, other than to enforce to the Adjustment Report. Judgment may be entered to enforce the Adjustment Report in any
court having proper jurisdiction. 
 (d)        Effective upon the
end of the Review Period (if a timely Dispute Notice is not delivered), or upon the resolution of all matters set forth in the Dispute Notice by mutual agreement of the Parties or by the issuance of the Adjustment Report (if a timely Dispute Notice
is delivered), the Signing Purchase Price shall be (i) increased dollar-for-dollar by the amount by which the Final Net Working Capital exceeds the Estimated Net Working Capital or (ii) decreased dollar-for-dollar by the
amount by which the Final Net Working Capital is less than the Estimated Net Working Capital and (iii) increased dollar 

  

					
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	 	4	 	ELDS01 272111v16 

 
for dollar by the amount, if any, by which the Final Closing Date Cash exceeds the Closing Date Cash. Any adjustment to the Signing Purchase Price pursuant to this Section 1.4 shall
be paid by the Buyer or the Sellers, as the case may be, together with interest as determined pursuant to Section 1.4(e) below as follows: 

(i)      if a timely Dispute Notice is not delivered, on the fifth
(5th) Business Day following the end of the Review Period, or 

(ii)      if a timely Dispute Notice is delivered, (A) with respect to
Undisputed Amounts paid pursuant to the last sentence of Section 1.4(a), on the fifth (5th) Business Day following the delivery of a Dispute Notice to the Sellers, and (B) on the fifth (5th) Business Day following the
resolution of all matters set forth in the Dispute Notice by mutual agreement of the Parties or on the fifth (5th) Business Day following the date on which the Adjustment Report has been received by the Sellers’ Representative and the
Buyer less any payment made by the Buyer or the Sellers, as the case may be, as described in the foregoing clause (A). 

Any such payments shall be made by wire transfer of immediately available funds to an account or accounts designated by the
Buyer or the Sellers’ Representative, as the case may be, at least two (2) Business Days prior to the applicable payment date. Any amounts payable by Sellers under this Section 1.4(d) shall be first paid from the Escrow. 

(e)        Any interest payable pursuant to Section 1.4(a)
or Section 1.4(d) shall be paid at an annual rate equal to the prime rate per annum as quoted in The Wall Street Journal on the Closing Date and shall be calculated on the basis of the actual days elapsed between the Closing Date
and the date of payment over three hundred and sixty (360) days, and if payable by the Sellers, the amount shall be payable first from the Escrow. 

(f)        On the morning of the day immediately following the Closing
Date and prior to the Company opening for business, the Company shall commence a complete physical identification of its inventory and count thereof as of the Closing. Buyer agrees that at least one (1) day prior to the Closing Date, it shall
complete necessary preparations to allow for the inventory count to be completed as contemplated herein. The Sellers’ Representative and the Buyer, and each of their respective representatives and accountants shall be entitled (i) to have
unrestricted access to observe, and make inquiries with regard to, the foregoing inventory count, and (ii) to test and sample such inventory during the course of such inventory count. Any disagreement between the Parties with respect to the
inventory count, but not the value of such inventory, shall be resolved at the time of the inventory count, subject to the ability of Sellers to provide an inventory count listing as of the end of the inventory count procedures on that date. This
inventory count will be utilized by the Parties in the determination of the Closing Net Working Capital. Buyer and Sellers agree to use their best efforts to adjust any inventory count that is, or appears to Buyer to be, incorrect based on a review
of the inventory compilation prepared by the Company utilizing the counts from the inventory count procedures. If Buyer, prior to final determination of the Closing Net Working Capital or Final Net Working Capital, determines that any inventory
count appears incorrect or unreasonable, Buyer shall not be bound by the incorrect inventory count when determining the Closing Net Working 

  

					
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	 	5	 	ELDS01 272111v16 

 
Capital or Final Net Working Capital, as applicable, but shall instead use an adjusted inventory count and shall disclose to Sellers the methodology used by Buyer to determine the adjusted
inventory count. Sellers shall have a reasonable opportunity to make inquiries with regard to the adjusted inventory count and Buyer’s methodology. 

(g)        The Sellers and Buyer agree that should the fair value of
inventory, equipment and tangible personal property and equipment as determined in accordance with Section 8.7 exceed the net book value of inventory, equipment and tangible personal property as of April 30, 2014 by more than
$1,100,000, then the Purchase Price shall be increased by, and Buyer will pay to the Sellers, an amount equal to 19.6% (the incremental tax cost to the Sellers) of that excess. This amount will be paid to the Sellers by Buyer within 30 days after
the determination of the fair value of the inventory, equipment and tangible personal property has been completed. 

Section 1.5 Escrow. Buyer shall deliver the Escrow Amount to the Escrow Agent for deposit into an escrow account
(the “Escrow Account”) established pursuant to the terms of an escrow agreement in the form attached hereto as Exhibit 1.5 (the “Escrow Agreement”) among Buyer, Sellers’ Representative and the
Escrow Agent. The Escrow Amount is to be held in an interest-bearing account pursuant to the Escrow Agreement and, together with all income earned thereon, will serve as security to satisfy claims for indemnity pursuant to Article 6 and
any other obligations of Sellers hereunder. On the one year anniversary of the Closing, if Buyer has not asserted claims in excess of the amount then held in the Escrow Account against one or more of the Sellers’ Indemnified Parties, then Buyer
shall instruct the Escrow Agent to release from the Escrow Account (and deliver to Seller) an amount equal to (i) the amount in the Escrow Account minus (ii) the sum of the then asserted (but not yet resolved) claims. 

Section 1.6 Real Estate. At the time of the Closing, the Company will own the real estate described on
Schedule 1.6 (the “Real Estate”) (known as Plants 3, 4, 5, 6 and 7, and the Company’s corporate office buildings) that the Company is currently leasing on an oral month to month basis from or through MZTT, LLC
and 9270, LLC. 
 Section 1.7 The Signing and the Closing. 

(a)      Time and Location. The deliveries of documents and funds to the
Signing Escrow Agent shall take place at Barnes & Thornburg, LLP, 121 W. Franklin Street, Suite 200, Elkhart, IN 46514, at 10:00 a.m. (local time) on April 16, 2014, or at such other place or date as the Parties may mutually agree
in writing. The consummation of the purchase and sale of the Company Shares and the other transactions contemplated by this Agreement (the “Closing”) shall be deemed effective as of 12:01 a.m. on May 1, 2014 (the
“Closing Date”). 
 (b)      Actions at the Signing
Date. 
   On the Signing Date: 

  (i)     the Sellers shall deliver to the Signing Escrow Agent to be held and
disbursed pursuant to the Signing Escrow Agreement: 
   (A) the certificate of incorporation and
all amendments thereto of K.Z., Inc., duly certified as of a recent date by the Secretary of State of the State of Indiana; and 

  

					
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 (B) certificates, dated as of a date not earlier than the third
(3rd) Business Day prior to the Signing Date, as to the good standing of K.Z., Inc., issued by the Indiana Secretary of State and the appropriate Governmental Authorities in each jurisdiction in which the Company is licensed or qualified to do
business; 
 (C) letters of resignation of those Sellers who are officers and directors of the Company from
their respective Company offices and directorships, as required by Section 9.4 hereof; 
 (D)
certificates evidencing all of the Company Shares, duly endorsed in blank or with stock powers duly executed by the Sellers transferring such Company Shares to the Buyer, free and clear of all Share Encumbrances (as hereinafter defined); 

(ii)    Buyer shall deliver to the Signing Escrow Agent to be held and disbursed pursuant
to the Signing Escrow Agreement the Signing Purchase Price as provided in Section 1.2; 

(iii)    Sellers’ Representative and Buyer shall execute and deliver the Escrow
Agreement. 
  

	 	(c)	 Actions at the Closing. 

At the Closing: 

(i)    The Signing Escrow Agent shall disburse the Signing Purchase Price to the Sellers
and to the Escrow Agent in accordance with Section 1.2; 
 (ii)    The
Signing Escrow Agent shall disburse to Buyer the items referred to in Section 1.7(b)(i) above; and 

(iii)    the Sellers’ Representative shall deliver (or shall cause to be delivered)
to the Buyer the minute books, stock books, ledgers and registers, corporate seals and other similar corporate records of the Company. 

Section 1.8 Sellers’ Representative. 

(a)        Each of the Sellers, for herself, himself or itself and her,
his or its representatives, heirs, successors and assigns hereby irrevocably constitutes and appoints Daryl E. Zook as her, his or its authorized agent and attorney-in-fact (the “Sellers’ Representative”) to execute and deliver
and take all action or to refrain from taking any action under this Agreement and each of the other agreements, certificates and instruments delivered or required to be delivered hereunder or in connection with the transactions contemplated by this
Agreement on behalf of each such Seller (including the giving and receiving of all waivers, notices and consents, the receipt of service of process, giving or receiving notice of and defending indemnity claims and the execution and delivery of all
documents and agreements hereunder, including any amendments, waivers and consents that any Seller may provide hereunder), and to take any action concerning the Escrow Account, including the bringing of any action and the settlement of any disputes
and any releases in connection with the settlement of disputes or claims. 

  

					
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	 	7	 	ELDS01 272111v16 

 (b)        Without
limiting the generality of Section 1.8(a), each Seller hereby irrevocably appoints the Sellers’ Representative as her, his or its authorized agent to accept and acknowledge on her, his or its respective behalf, service of any and
all legal process which may lawfully be served upon the Sellers’ Representative in any Proceedings under or relating to this Agreement. Each of the Sellers hereby irrevocably waives all claims of error in respect of any such service. 

(c)        Any Person may rely on the act or deed of Daryl E. Zook or
any other Person acting as Sellers’ Representative with respect to any matter requiring the consent or approval or any other act or deed of the Sellers or the Sellers’ Representative relating to this Agreement or the Escrow Agreement. 

(d)        All expenses of the Sellers’ Representative reasonably
incurred subsequent to the Closing in connection with the powers and duties outlined in this Section 1.8 shall be payable by the Sellers. All such expenses reasonably incurred prior to the Closing shall be paid or accrued by the Company
prior to the Closing. 
 Article 2.      REPRESENTATIONS AND WARRANTIES OF
THE SELLERS 
 The Sellers, jointly and severally, represent and warrant to the Buyer as
follows: 
 Section 2.1 Organization, Qualification and Corporate Power. 

(a)        K.Z., Inc. is a corporation duly organized, validly existing
and in good standing under the laws of the State of Indiana; the LLC is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Indiana; the LP is a limited partnership duly organized, validly
existing and in good standing under the laws of the State of Indiana; and the DISC is a corporation duly organized, validly existing and in good standing under the laws of the State of Indiana. The Company is duly qualified to conduct business in
the jurisdictions set forth on Section 2.1(a) of the Disclosure Schedule. K.Z., Inc. has made a valid election effective January 1, 1995 to be treated as a Subchapter S Corporation and is now and at all times since
January 1, 1995 has been qualified to conduct business as a Subchapter S Corporation under applicable laws. The Company has all requisite power (corporate power in the case of K.Z., Inc. and the DISC; limited liability company power in the case
of the LLC, and limited partnership power in the case of the LP) and authority to carry on the business in which it is now engaged and to own and use the properties now owned and used by it. 

(b)        The Sellers have made available to the Buyer correct and
complete copies of the Organizational Documents of K.Z., Inc., the LLC, the LP and the DISC (as amended to date) and has made available to the Buyer the minute books and stock records of K.Z., Inc. 

Section 2.2 Capitalization and Ownership. 

(a)        The authorized capital stock of K.Z., Inc. consists of
25,000 shares of common stock (1,000 authorized Class A voting shares and 24,000 authorized Class B non-voting shares) of which 5,000 shares are issued and outstanding to the Shareholders as set
forth on Section 2.2(a) of the Disclosure Schedule (200 outstanding Class A voting shares and 4,800 outstanding Class B non-voting shares). The issued and outstanding

  

					
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	 	8	 	ELDS01 272111v16 

 
shares of K.Z., Inc. constitute the Company Shares, and have the same rights and preferences except that Class B shares do not have voting rights. 

(b)        All of the Company Shares are duly authorized, validly
issued, fully paid and nonassessable. There are no outstanding or authorized securities convertible into, exchangeable for or carrying the right to acquire equity securities of the Company or any subscriptions, warrants, options, rights (including
preemptive rights), or other arrangements or commitments obligating K.Z., Inc. to issue or dispose of any of its securities or any ownership interest therein. The Sellers hold of record and own beneficially all of the Company Shares, free and clear
of any Taxes, liens, options, warrants, purchase rights, contracts, commitments, equities, charges, claims, pledges, voting trusts, voting agreements, proxies, security holder or similar agreements, encumbrances or restrictions on transfer (other
than applicable securities law restrictions) (“Share Encumbrances”), other than those restrictions on transfers, if any, contained in the K.Z., Inc.’s Organizational Documents or set forth on Section 2.2(b) of the
Disclosure Schedule. The consummation of the transactions contemplated hereby will not cause any Share Encumbrance to be created or suffered upon the Company Shares, other than Share Encumbrances created or suffered by the Buyer. 

(c)        The authorized and outstanding capital of the LLC, the LP
and the DISC, and the ownership of such capital, is as set forth on Schedule 2.2(c) of the Disclosure Schedule (the “Affiliate Capital”). 

(d)        All of the Affiliate Capital is duly authorized, validly
issued, fully paid and nonassessable. There are no outstanding or authorized securities convertible into, exchangeable for or carrying the right to acquire equity securities of the LLC, the LP or the DISC or any subscriptions, warrants, options,
rights (including preemptive rights), or other arrangements or commitments obligating any of them to issue or dispose of any of its Affiliate Capital or other securities or any ownership interest therein. The Affiliate Capital is held of record and
beneficially as set forth on Schedule 2.2(c), free and clear of any Taxes, liens, options, warrants, purchase rights, contracts, commitments, equities, charges, claims, pledges, voting trusts, voting agreements, proxies, security holder
or similar agreements, encumbrances or restrictions on transfer (other than applicable securities law restrictions), other than as set forth on Section 2.2(c) of the Disclosure Schedule. The consummation of the transactions contemplated
hereby will not cause any encumbrance to be created or suffered upon any of the Affiliate Capital, other than as created or suffered by the Buyer. 

Section 2.3 Authority. The Sellers have all requisite power, authority, and legal capacity to execute and deliver
this Agreement and to perform his, her, or its obligations hereunder. This Agreement and such other agreements and instruments contemplated hereby have been, or will be on the Closing Date, duly and validly executed and delivered by the Sellers and
constitute (or will constitute on the Closing Date), assuming the due authorization, execution, and delivery by the other parties thereto, valid and binding obligations of the Sellers, enforceable against the Sellers in accordance with their
respective terms, except that such enforcement may be subject to or limited by (a) the effect of applicable bankruptcy, insolvency, reorganization, moratorium and similar Legal Requirements related to or affecting the rights of creditors
generally, and (b) the effect of general principles of equity (regardless of whether enforceability is considered in a proceeding of law or in equity). 

  

					
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 Section 2.4 Noncontravention; Consents and Approvals. Except as set
forth in 2.4 of the Disclosure Schedule, neither the execution and delivery of this Agreement by the Sellers, nor the consummation by the Sellers of the transactions contemplated hereby, will (i) conflict with or violate any provision of the
Organizational Documents of K.Z., Inc., (ii) conflict with, result in a Breach of, constitute (with or without due notice or lapse of time) a default under, result in the loss of benefit under, result in the acceleration of, create in any
Person the right to accelerate, terminate, modify or cancel, or require any notice, consent or waiver under, any contract, lease, sublease, license, sublicense, franchise, permit, indenture, agreement or mortgage for borrowed money, instrument of
indebtedness, Encumbrance (as hereinafter defined) or other arrangement to which any of the Sellers or the Company is a party or by which the Sellers or the Company is bound or to which any of their respective assets is subject, (iii) result in
the imposition of any Share Encumbrance upon the Company Shares, (iv) result in the imposition of any Encumbrance upon any assets of the Company, or (v) violate any Legal Requirement applicable to any of the Sellers or the Company. 

Section 2.5 Equity Investments. Except as set forth on Section 2.5 of the Disclosure Schedule, K.Z.,
Inc. does not control, directly or indirectly, or has any direct or indirect equity ownership or participation in, any other Person. 

Section 2.6 Financial Statements. Sellers have delivered to Buyer: (a) an internally-prepared consolidated
balance sheet of the Company as of December 31, 2013 (including the notes thereto, the “Balance Sheet”), and the related statements of income and cash flow for the fiscal year then ended (“Annual Income
Statement” and collectively, with the Balance Sheet, the “Annual Financial Statements”), and (b) an internally prepared consolidated balance sheet of the Company as of December 31, 2013 (the “Interim
Balance Sheet”), and the related internally prepared statements of income as of December 31, 2013 (the “Interim Income Statement” and, collectively with the Interim Balance Sheet, the “Interim Financial
Statements”). The Annual Financial Statements and Interim Financial Statements fairly present in all material respects the financial condition and the results of operations of the Company as of the respective dates and for the respective
periods referred to in such Annual Financial Statements or Interim Financial Statements, all in accordance with GAAP except as otherwise disclosed on Section 2.6 of the Disclosure Schedule. 

Section 2.7 Tangible Property. Except as disclosed in Section 2.7 of the Disclosure Schedule the
Company or the LLC or the LP owns or leases all buildings, plants, structures, machines, equipment and other tangible property reflected on the Interim Balance Sheet or otherwise used by the Company in the conduct of the Business as presently
conducted (other than property sold, consumed or otherwise disposed of in the Ordinary Course of Business since the date of the Interim Balance Sheet) (the “Tangible Property”), free and clear of all Encumbrances. 

Section 2.8 Condition of Tangible Property. To Sellers’ Knowledge, (a) the Tangible Property is in
operating condition and repair, is free from material defects and is adequate for the uses to which the Tangible Property is being used at Closing, ordinary wear and tear excepted, and (b) none of the Tangible Property is in need of maintenance
or repairs except for ordinary, routine maintenance and repairs that would not result in a Material Adverse Effect. The Tangible Property is sufficient for the continued conduct of the Business after the Closing in substantially the same manner as
conducted by the Company prior to the Closing. 

  

					
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 Section 2.9 Absence of Material Adverse Changes, Etc. From the date
of the Interim Balance Sheet until the date hereof, there has not been any events which have resulted in or could reasonably expected to result in a Material Adverse Effect. 

Section 2.10 No Undisclosed Liabilities. Except as set forth in Section 2.10 of the Disclosure
Schedule, to Sellers’ Knowledge, the Company does not have any liability, whether known or unknown, contingent or otherwise, except for (a) liabilities shown on the Interim Balance Sheet, (b) liabilities of the type reflected on the
Interim Balance Sheet which have arisen since the date of the Interim Balance Sheet in the Ordinary Course of Business, (c) contractual liabilities (other than liabilities arising as a result of a default thereunder) incurred in the Ordinary
Course of Business, and (d) liabilities which would not have a Material Adverse Effect. 
 Section 2.11 Tax
Matters. 
 (a)        For purposes of this Agreement,
“Taxes” (including with correlative meaning “Tax”) shall mean: (i) any and all taxes, and any and all other charges, fees, levies, duties, deficiencies, customs or other similar assessments or liabilities in
the nature of a tax, including without limitation any income, gross receipts, ad valorem, net worth, premium, value-added, alternative or add-on minimum, excise, severance, stamp, occupation, windfall profits, real property, personal property,
assets, sales, use, capital stock, capital gains, documentary, recapture, transfer, transfer gains, estimated, withholding, employment, unemployment insurance, unemployment compensation, social security, business license, business organization,
environmental, payroll, profits, license, lease, service, service use, gains, franchise and other taxes imposed by any Governmental Authority; (ii) any interest, fines, penalties, assessments, or additions resulting from, attributable to, or
incurred in connection with any items described in this paragraph or any contest or dispute thereof; and (iii) any items described in this Section 2.11(a) that are attributable to another Person but that the Company is liable to pay
by Legal Requirement, by contract, or otherwise. For purposes of this Agreement, “Tax Returns” means all any and all reports, returns, declarations, statements, forms, or other information supplied to a Taxing Authority (as defined
below). For purposes of this Agreement, “Taxing Authority” means any applicable Governmental Authority responsible for the imposition of Taxes. 

(b)        For all open periods under the applicable statute of
limitations, the Company has timely filed all Tax Returns of the type and in the jurisdictions identified in Schedule 2.11(b), of the Disclosure Schedule. To Sellers’ Knowledge, all such Tax Returns were correct and complete in all
material respects and were prepared in substantial compliance with all applicable Legal Requirements and all Taxes shown to be due and owing by the Company on any such Tax Return have been timely paid. To the Sellers’ Knowledge, there are no
liens for Taxes (other than Taxes not yet due and payable) upon any of the assets of the Company. 

(c)        Except as disclosed on Section 2.11(c) of the
Disclosure Schedule, no foreign, federal, state, or local tax audits or administrative or judicial Tax proceedings are pending or being conducted with respect to the Company. The Company has not received from any Taxing Authority (including in
jurisdictions where the Company has not filed Tax Returns) any written (i) notice indicating an intent to open an audit or other review, (ii) request for information related to Tax matters, or (iii) notice of deficiency or

  

					
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proposed adjustment for any amount of Tax proposed, asserted, or assessed by any Taxing Authority against the Company. Section 2.11(c) of the Disclosure Schedule lists all federal,
state, local, and foreign income and non-income Tax Returns filed with respect to the Company for all open taxable periods, indicates those Tax Returns that have been audited, and indicates those Tax Returns that currently are the subject of audit.
The Seller has delivered to Buyer correct and complete copies of all federal income Tax Returns, examination reports, and statements of deficiencies assessed against or agreed to by the Company filed or received since December 31, 2012. 

(d)        The Company does not have Liability for the Taxes of any
Person (other than the Company) under Treasury Regulation §1.1502-6 (or any similar provision of state, local, or foreign law), as a transferee or successor, by contract, or otherwise. 

(e)        The Company is in compliance with, and its records contain
all information and documents (including properly completed IRS Forms W-9) necessary to comply with, all applicable information reporting and Tax withholding requirements under applicable Tax laws, and such records identify with specificity all
accounts subject to backup withholding under Section 3406 of the Code. 

(f)        The Company has disclosed on its federal income Tax Return
all positions taken therein that could give rise to substantial understatement of federal income tax within the meaning of Section 6662 of the Code. 

(g)        The Company has not participated in any reportable
transaction, as defined in Treasury Regulation Section 1.6011-4(b)(1), or a transaction substantially similar to a reportable transaction. 

(h)        The Company has never had a permanent establishment in any
country other than the United States and/or has not engaged in a trade or business in any country other than the United States that subjected it to Tax in such country. 

(i)        The Company is not a party to any agreement, contract,
arrangement, or plan that has resulted or would result, separately or in the aggregate, in the payment of any “excess parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”) (or any corresponding provision of state, local, or foreign Tax law). The Company has not been a United States real property holding corporation within the meaning of Code § 897(c)(2) during the applicable period
specified in Code § 897(c)(1)(A)(ii). The Company is not a party to or bound by any tax allocation or sharing agreement. 

(j)        The Company will not be required to include any item of
income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: 

(i)        change in method of accounting for a taxable period ending
on or prior to the Closing Date; 
 (ii)        “closing
agreement” as described in Code § 7121 (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; 

  

					
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(iii)        intercompany transactions or any excess loss account
described in Treasury Regulations under Code § 1502 (or any corresponding or similar provision of state, local or foreign income Tax law); 

(iv)        installment sale or open transaction disposition made on
or prior to the Closing Date; or 
 (v)        prepaid amount
received on or prior to the Closing Date. 
 (k)        The Company
has not distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code § 355 or Code § 361. 

Section 2.12 Intellectual Property. 

(a) Section 2.12(a) of the Disclosure Schedule contains a correct and complete list of all patents,
registered and unregistered marks and copyrights that are owned or used (pursuant to license agreements or otherwise) by the Company. 

(b) Except as set forth in Section 2.12(b) of the Disclosure Schedule, the Company (i) owns
and possesses all right, title and interest, free and clear of all Encumbrances, patents, registered marks and copyrights owned by it and set forth in Section 2.12(a) of the Disclosure Schedules, or (ii) has a valid and enforceable
license to use all patents, registered marks, copyrights and software licensed by it and set forth in Section 2.12(a) of the Disclosure Schedule, except for commercially available software (the “Company Intellectual
Property”). 
 (c) To Sellers’ Knowledge, the operation of the Business as currently conducted
does not infringe, misappropriate or otherwise conflict with any intellectual property rights of any third party. To Sellers’ Knowledge, no third party has infringed, misappropriated, or otherwise conflicted with any of the Company Intellectual
Property. 
 Section 2.13 Contracts; No Defaults. 

(a)        Section 2.13(a) of the Disclosure Schedules
identifies each of the following Contracts to which the Company is a party: (i) the performance of services or delivery of goods or materials by Company, the performance of which involves consideration in excess of $50,000, other than purchase
orders received in the Ordinary Course of Business; (ii) the performance of services or delivery of goods or materials to Company, the performance of which involves consideration in excess of $50,000, other than purchase orders issued in the
Ordinary Course of Business; (iii) for borrowed money, other than trade debt incurred by Company in the Ordinary Course of Business; (iv) the lease, license, installment and conditional sales affecting the ownership of, leasing of, title
to, use of any personal property with annual payments in excess of $50,000; (v) licensing with respect to Company Intellectual Property Assets to which Company is a party other than commercially available software; (vi) joint venture or
partnership or other similar arrangement involving a sharing of profits, losses, costs, or liabilities by Company with any other Person; (vii) capital expenditures in excess of $100,000; (viii) guaranty with respect to performance of any
other Person by Company; (ix) profit sharing, stock option, stock purchase, stock appreciation, deferred 

  

					
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	 	13	 	ELDS01 272111v16 

 
compensation, severance or other plan or arrangement for the benefit of the current or former directors, officers and employees of a Seller; (x) collective bargaining agreement;
(xi) for the employment of any individual on a full-time, part-time, consulting or other basis providing annual compensation in excess of $100,000 or providing severance benefits; (xii) under which
Company has advanced or loaned any amount to its directors, officers, shareholders and employees outside the Ordinary Course of Business; (xiii) the subject matter of which is confidentiality or non-competition; and (xiv) each amendment in
respect of any of the foregoing. 
 (b)        Except as set forth in
Section 2.13(b) of the Disclosure Schedules, each Contract identified or required to be identified in Section 2.13(a) of the Disclosure Schedule (i) is legal, valid, binding, in full force and effect and valid and
enforceable against Company a party thereto and, to Sellers’ Knowledge, the other parties thereto, in accordance with its terms, except to the extent that the lack of validity or enforceability would not result in a Material Adverse Change, and
(ii) the consummation of the transactions contemplated in this Agreement will not cause the failure of such Contract to be legal, valid, binding, in full force and effect and enforceable on identical terms following the consummation of the
transactions. Seller has made available to Buyer a correct and complete copy of each written Contract identified in Section 2.13(a) of the Disclosure Schedule. 

(c)        Except as set forth in Section 2.13(c) of the
Disclosure Schedule (i) Seller is in compliance in all material respects with each Contract identified in Section 2.13(a) of the Disclosure Schedule under which Company has or had any obligation or liability or by which Company is
bound and (ii) to Sellers’ Knowledge, each other Person that has any obligation or liability under any Contract identified in Section 2.13(a) of the Disclosure Schedule under which Company has any rights is in compliance in all
material respects with such Contract. 
 Section 2.14 Proceedings. Except as set forth on
Section 2.14 of the Disclosure Schedule, there is no (a) unsatisfied or unpaid judgment, order or decree applicable to the Company, (b) outstanding injunction or stipulation applicable to the Company, or (c) action, suit,
proceeding claim, demand, hearing, indictment, or investigation (each, a “Proceeding”) in which the Company is a party or, to the Sellers’ Knowledge, has been threatened, by, against, or involving the Company or any of the
assets owned or used by the Company. 
 Section 2.15 Labor and Employment Matters. 

(a)        The Company is not a party to or bound by any collective
bargaining agreement or other labor contract. Since January 1, 2013, the Company has not experienced any strikes, picketing, work stoppage, concerted refusal to work overtime, or other similar labor activity. Since January 1, 2013, the
Company has not experienced any claims of unfair labor practices or other collective bargaining disputes. The Sellers have no Knowledge of any organizational effort being made or threatened since January 1, 2013 by or on behalf of any labor
union with respect to employees of the Company. The Company has complied with all provisions of applicable Legal Requirements pertaining to the employment of employees, including without limitation, all laws relating to labor relations, equal
employment, fair employment practices, entitlements, prohibited discrimination, and the Worker Adjustment and Retraining Notification Act, 29 U.S.C. 

  

					
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	 	14	 	ELDS01 272111v16 

 
Section 2101 et seq. (“WARN”) and comparable state and local laws or regulations relating to or arising out of the layoff or termination of employment by the Company,
except for the failure to so comply that would not have a Material Adverse Effect. 

(b)        Section 2.15(b) of the Disclosure Schedule sets
forth a true and complete list of the employees of the Company (identified by number only), along with the position and annual base compensation of each such employee, and any applicable incentive or bonus program applicable to such employee. 

Section 2.16 Employee Benefits. 

(a)        Section 2.16(a) of the Disclosure Schedule
contains a complete and accurate list of all Employee Benefit Plans (as defined below) maintained, or contributed to, by the Company or any ERISA Affiliate for the benefit of employees of the Company (and their beneficiaries) (the “Company
Plans”). For purposes of this Agreement, “Employee Benefit Plan” means any “employee pension benefit plan” (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”)), any “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), and any other employee benefit, program, or plan, (other than statutory or Tax-based programs such as workers’ compensation
or social security) including disability benefits, deferred compensation, stock options, stock purchase, phantom stock, stock appreciation or post-retirement compensation. For purposes of this Agreement, “ERISA Affiliate” means any
entity which is a member of (i) a controlled group of corporations (as defined in Section 414(b) of the Code), (ii) a group of trades or businesses under common control (as defined in Section 414(c) of the Code), or (iii) an
affiliated service group (as defined in Section 414(m) of the Code or the regulations under Section 414(o) of the Code), any of which includes the Company. Complete and accurate copies of all Company Plans, the most recent determination
letters received from the Internal Revenue Service (if any), the last three (3) filed Forms 5500 Annual Report and all schedules thereto, all related trust agreements, insurance contracts and summary plan descriptions, and written
summaries of all unwritten Company Plans have been made available to the Buyer. Each Company Plan is and has been administered, in all material respects, in substantial compliance with its terms and the Company has met its obligations with respect
to such Company Plan. 
 (b)        There are no pending, or to the
Sellers’ Knowledge threatened, audits or investigations by any Governmental Authority involving any Company Plan, and no pending or to the Sellers’ Knowledge threatened, termination proceedings or other claims (except claims for benefits
payable in the Ordinary Course of Business and Proceedings with respect to qualified domestic relations orders), or other Proceedings against or involving any Company Plan, any fiduciary thereof or service provider thereto, or asserting any rights
or claims to benefits under any Company Plan. 
 (c)        The
Company Plans that are required to be qualified under Section 401(a) of the Code have received favorable determination letters from the Internal Revenue Service to the effect that such Company Plans are qualified and the plans and the trusts
related thereto are exempt from federal income taxes under Sections 401(a) and 501(a), respectively, of the Code. 

(d)        No “accumulated funding deficiency” (as defined in
Section 412 of the Code) has occurred with respect to any Employee Benefit Plan contributed to, or 

  

					
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	 	15	 	ELDS01 272111v16 

 
maintained by, the Company or any ERISA Affiliate which is subject to Section 412 of the Code or Title IV of ERISA. 

(e)        Section 2.16(c) of the Disclosure Schedule lists
each “multi-employer plan” (as defined in Section 4001(a)(3) of ERISA) to which the Company contributes or is obligated to contribute (the “Multiemployer Plans”). Neither the Company nor any ERISA Affiliate has
withdrawn from any Multiemployer Plan in a complete or partial withdrawal so as to cause any liability to the Company. 

Section 2.17 Environmental Matters. 

(a)        For purposes of this Agreement, the following terms have the
meanings provided below: 
 (i)        “CERCLA”
means the federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended. 

(ii)        “Environment” means soil, land surface or
subsurface strata, surface waters (including navigable waters, ocean waters, streams, ponds, drainage basins, and wetlands), groundwaters, drinking water supply, stream sediments, ambient air (including indoor air), plant and animal life, and any
other environmental medium or natural resource. 

(iii)        “Environmental Law” means any and all
Legal Requirements of any Governmental Authority regulating or imposing standards of liability or standards of conduct concerning air, water, solid waste, hazardous waste, Materials of Environmental Concern, worker and community right-to-know,
hazard communication, noise, radioactive material, resource protection, health protection and similar environmental health and safety concerns (including, without limitation, the Clean Water Act, the Toxic Substances Control Act, the Clean Air Act,
CERCLA, the Resource Conservation and Recovery Act, the Solid Waste Disposal Act, the Occupational Safety and Health Act, and any and all rules, regulations, common law, orders or directives pertaining to (A) treatment, storage, disposal, or
generation of Materials of Environmental Concern (as defined below); (B) air, water and noise pollution; (C) groundwater and soil contamination; (D) the Release (as defined below) or threatened Release into the Environment of
Materials of Environmental Concern, including without limitation emissions, discharges, injections, spills, escapes or dumping of Materials of Environmental Concern; and (E) underground and other storage tanks or vessels. 

(iv)        “Environmental Matters” means any legal
obligation or liability arising under Environmental Law or common law with respect to the Environment or Materials of Environmental Concern. 

(v)        “Materials of Environmental Concern” means
any hazardous substance, pollutant or contaminant (including any admixture or solution thereof), oil, petroleum and petroleum products. 

(vi)        “Release” means any spilling, leaking,
emitting, discharging, depositing, escaping, leaching, dumping, or other releasing into the Environment, whether intentional or unintentional. 

  

					
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	 	16	 	ELDS01 272111v16 

 (b)        Except as
described or identified in Section 2.17(b) of the Disclosure Schedule or the Environmental Assessments and for exceptions which would not have a Material Adverse Effect: 

(i)        the operations of the Company are in compliance with
applicable Environmental Laws; 
 (ii)        there is no pending
or, to the Sellers’ Knowledge, threatened, civil or criminal litigation, written notice of violation, currently effective order, formal administrative proceeding, investigation or information request relating to any Environmental Matters
involving the Company or the Leased Real Property; 

(iii)        the Company has obtained, and is in compliance with,
those Permits, licenses and approvals required under applicable Environmental Law to operate the Business as currently operated by the Company (which Permits, licenses and approvals are listed in Section 2.19 of the Disclosure Schedule);

 (iv)        except those Materials of Environmental Concern that
are used by the Company to operate the Business in the Ordinary Course of Business, the Company has not caused Materials of Environmental Concern to be present on or in the Environment at the Leased Real Property; 

(v)        to the Sellers’ Knowledge, there has been no Release
of any Materials of Environmental Concern at or from the Leased Real Property while the Company has owned or occupied the Leased Real Property that under Environmental Law (A) could reasonably be expected to impose a liability for removal,
remediation, or other clean-up or (B) could be reasonably be expected to result in the imposition of a lien on the Leased Real Property or assets of the Company; and 

(vi)        to the Sellers’ Knowledge, there are no underground
storage tanks located on, nor have any underground storage tanks been removed by the Company from, the Leased Real Property. 

(c)        Notwithstanding any other provisions of this Agreement to
the contrary, the representations and warranties made in this Section 2.17 are the sole and exclusive representations made in this Agreement by the Sellers with respect to Environmental Laws, Environmental Matters, and Materials of
Environmental Concern. 
 Section 2.18 Legal Compliance. Except as set forth in Section 2.18 of the
Disclosure Schedule, to the Sellers’ Knowledge, the Company is, and at all times since January 1, 2013 has been, in compliance with each Legal Requirement that is or was applicable to it or to the conduct or operation of its business or
the ownership or use of any of its assets except for failure to so comply which would not have a Material Adverse Effect. 

Section 2.19 Permits. Each permit, license, franchise or authorization from any Governmental Authority that is used
by the Company in the conduct of its business or operations as presently conducted (collectively, the “Permits”) are listed in Section 2.19 of the Disclosure Schedule, except for those Permits for which the failure to
have would not have a Material Adverse Effect. To the Sellers’ Knowledge, no Permit will be revoked, terminated prior to its normal expiration date, or not renewed solely as a result of the consummation of the transactions contemplated by this
Agreement. 

  

					
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	 	17	 	ELDS01 272111v16 

 Section 2.20 Insurance. Section 2.20 of the Disclosure
Schedule lists material policies of insurance maintained by or for the benefit of the Company. 
 Section 2.21
Customers and Suppliers. 

(a)        Section 2.21(a) of the Disclosure Schedule
identifies the ten (10) largest customers of the Business, based on revenue for the year ended December 31, 2013. 

(b)        Section 2.21(b) of the Disclosure Schedule
identifies the ten (10) largest suppliers of the Business, based on expenses for the year ended December 31, 2013. 

(c)        No customer identified in Section 2.21(a) of the
Disclosure Schedule and no supplier identified in Section 2.21(b) of the Disclosure Schedule has provided written notice to the Company of such customer’s or supplier’s intent to terminate its relationship with the Company.

 Section 2.22 Brokers’ Fees.   Except as set forth on Section 2.22 of the Disclosure
Schedule, none of the Sellers, the Company, nor any of their respective Affiliates has any liability or obligation to pay any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement. 

Section 2.23 Book and Records; Bank Accounts.   The books of account and other financial records
of the Company, all of which have been made available to the Buyer, are complete and correct in all material respects and represent actual, bona fide transactions. The corporate minute book of the Company, which has been made available to the Buyer,
contains the current Organizational Documents and accurate and substantially complete records of all meetings held of, and corporate action taken by, the shareholders, the board of directors and committees of the board of directors of the Company.
At the Closing, all of those books and records will be in the possession of the Company. Section 2.23 of the Disclosure Schedule lists the names, account numbers and locations of all banks and other financial institutions of which the
Company has any accounts or safe deposit boxes, and the names of all Persons authorized to draft or have access to any such accounts. 

Section 2.24 Certain Business Relationships with the Company. Except as set forth on Section 2.24 of
the Disclosure Schedule, none of the Sellers nor any of their Affiliates, has been involved in any business arrangement or relationship with the Company within the past twelve (12) months, and none of the Seller or any of its Affiliates owns
any asset, tangible or intangible, that is used in the business of the Company. 
 Section 2.25 Disclaimer of
Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE 2, THE SELLERS
DO NOT MAKE AND HAVE NOT MADE ANY REPRESENTATIONS OR WARRANTIES
WHATSOEVER, EXPRESS OR IMPLIED, RELATING TO THE COMPANY AND ITS BUSINESS,
INCLUDING ANY REPRESENTATIONS OR WARRANTIES AS TO THE FUTURE SALES OR
PROFITABILITY OF THE COMPANY OR ITS BUSINESS OR REPRESENTATIONS OR WARRANTIES
ARISING BY STATUTE OR OTHERWISE IN LAW, FROM A COURSE OF DEALING
OR USAGE OF TRADE. ALL REPRESENTATIONS AND WARRANTIES, OTHER THAN THOSE
EXPRESSLY SET FORTH IN THIS ARTICLE 2, ARE HEREBY EXPRESSLY DISCLAIMED
BY THE SELLERS. 
 Article 3.         REPRESENTATIONS
AND WARRANTIES OF THE BUYER 
 The Buyer
represents and warrants to the Seller as follows: 

  

					
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	 	18	 	ELDS01 272111v16 

 Section 3.1 Organization. The Buyer is a corporation duly organized,
validly existing and in good standing under the laws of Delaware. 
 Section 3.2 Authorization of Transaction.
The Buyer has all requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery, and performance of this Agreement and the other agreements and instruments to be
executed by the Buyer in connection herewith, and the consummation by the Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of the Buyer. This Agreement and
such other agreements and instruments contemplated hereby have been, or will be on the Closing Date, duly and validly executed and delivered by the Buyer and constitute (or will constitute on the Closing Date), assuming the due authorization,
execution, and delivery by the other parties thereto, valid and binding obligations of the Buyer, enforceable against the Buyer in accordance with their respective terms, except that such enforcement may be subject to or limited by (a) the
effect of the applicable bankruptcy, reorganization, moratorium and similar Legal Requirements related to or affecting the rights of creditors generally, and (b) the effect of general principles of equity (regardless of whether enforceability
is considered in a proceeding of law or in equity). 
 Section 3.3 Noncontravention. 

(a)        Neither the execution and delivery of this Agreement by the
Buyer, nor the consummation by the Buyer of the transactions contemplated hereby, will (i) conflict with or violate any provision of the Organizational Documents of the Buyer, (ii) conflict with, result in Breach of, constitute (with or
without due notice or lapse of time or both) a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify or cancel, or require any notice, consent or waiver under, any contract, lease, sublease,
license, sublicense, franchise, permit, indenture, agreement or mortgage for borrowed money, instrument of indebtedness, Encumbrance or other arrangement to which the Buyer is a party or by which the Buyer is bound or to which any of its assets are
subject, or (iii) violate any Legal Requirement applicable to the Buyer or any of its properties or assets, except in the case of clause (ii), any conflict, Breach, default, right, requirement or violation which would not reasonably be
expected to have a material adverse effect on the financial condition or results of operations of the Buyer or on the ability of the Buyer to consummate the transactions contemplated by this Agreement (a “Buyer Material Adverse
Effect”). 
 (b)        No filing or registration with,
notification to, or authorization, consent or approval of, any Governmental Authority is required in connection with the execution and delivery of this Agreement or the performance by the Buyer of its obligations hereunder, except such consents,
approvals, orders, authorizations, notifications, registrations, declarations and filings, the failure of which to be obtained or made would not have a Buyer Material Adverse Effect. 

Section 3.4 Broker’s Fees. Neither the Buyer nor any of its Affiliates has any liability or obligation to pay
any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement 

Section 3.5 Litigation. There are no Proceedings pending against, or, to the Buyer’s Knowledge, threatened
against, the Buyer which would reasonably be expected to have a Buyer Material Adverse Effect. 

  

					
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	 	19	 	ELDS01 272111v16 

 Section 3.6 Investment Intent.    The Buyer is
acquiring the Company Shares for investment for its own account and not with a view to the distribution of any part thereof. The Buyer acknowledges that the Company Shares have not been registered under the Legal Requirements of any jurisdiction.

 Section 3.7 Solvency. The Buyer has the financial resources to pay the Signing Purchase Price on
the terms contained in this Agreement. Following the Closing, the assets of the Buyer will exceed the total amount of its liabilities, the Buyer will be able to pay its debts in the ordinary course of business as they mature and the Buyer will have
sufficient capital resources to carry on its business and the business of the Company and to fulfill all of its obligations hereunder. 
 Article
4.      PRE-CLOSING COVENANTS 
 Section 4.1
Reasonable Best Efforts. Upon the terms and subject to the conditions herein provided, except as otherwise provided in Section 4.6, each of the Parties agrees to use its reasonable best efforts to take or cause to be taken
all action, to do or cause to be done, and to assist and cooperate with the other Party hereto in doing all things necessary, proper or advisable under applicable Legal Requirements to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Agreement, including, but not limited to (a) the satisfaction of the conditions precedent to the obligations of either of the Parties; (b) the obtaining of consents, waivers or approvals
of third parties; (c) the defending vigorously of any Proceedings, whether judicial or administrative, challenging this Agreement or the performance of the obligations hereunder; and (d) the execution and delivery of such instruments, and
the taking of such other actions as the other Party hereto may reasonably require in order to carry out the intent of this Agreement. 

Section 4.2 Operation of Business. Except as contemplated by this Agreement, during the period from the date of
this Agreement until the Closing Date, the Seller shall cause the Company to conduct the Business only in the Ordinary Course of Business, unless otherwise consented to in writing by the Buyer, which consent shall not be unreasonably withheld.
Without limiting the foregoing, except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, the Sellers shall cause the Company not to do, without the prior written consent of the Buyer, any of the
following: 
 (a)        amend its Organizational Documents; 

(b)        issue, deliver, sell, pledge, dispose of or encumber, or
authorize or commit to the issuance, deliverance, sale, pledge, disposition or encumbrance of any Company Shares, or any options, warrants, convertible securities or other rights of any kind to acquire any Company Shares; 

(c)        (i) commit to make any capital expenditures in excess of
$25,000; (ii) make any loans, advances or capital contributions to, or investments in, any other Person; or (iii) make any change in any of the present accounting methods and practices of its business, except as required by changes in
GAAP; 
 (d)        agree, commit, or adopt any plan or proposal to
take any of the actions set forth in clauses (a) through (c) above. 

  

					
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	 	20	 	ELDS01 272111v16 

 Notwithstanding the foregoing, it is understood and agreed that Sellers and K.Z.,
Inc. may cause the liquidation of KZRV Sales, Inc. (a DISC), and the distribution of the proceeds of that liquidation to K.Z., Inc., which in turn may distribute the proceeds of that liquidation to the Sellers, on or before the Closing. 

Section 4.3 Access. The Sellers shall cause the Company to permit the representatives of the Buyer to have
reasonable access (at reasonable times, on reasonable prior written notice and in a manner so as not to interfere with the normal business operations of the Company) to the premises, properties, financial and accounting records, contracts, other
records and documents of the Company. Notwithstanding the foregoing, the Buyer shall not have access to personnel records of any employee of the Company relating to individual performance or evaluation records, or medical histories, or other
information that the Sellers’ Representative believes in good faith to be sensitive or proprietary or the disclosure of which could subject the Sellers or any Affiliate of Seller to risk of liability. The Buyer acknowledges that it remains
bound by the Confidentiality Agreement, dated December 11, 2013, previously entered into by the Buyer in favor of Sellers (the “Confidentiality Agreement”). Prior to the Closing, the Buyer and its representatives shall not
contact or communicate with the employees, customers and suppliers of the Company in connection with the transactions contemplated by this Agreement except with the prior consent of the Sellers’ Representative, which consent shall not be
unreasonably withheld. 
 Section 4.4 Exclusivity. During the period from the date of this Agreement until the
Closing Date, the Sellers shall not and shall use their best reasonable efforts to cause the Company and each of their respective representatives and agents not to, directly or indirectly, encourage, solicit, initiate, engage or participate in
discussions or negotiations with any Person (other than the Buyer) concerning any merger or consolidation involving the Company, any sale of material assets by the Company not in the Ordinary Course of Business, sale of the capital stock of the
Company, or other business combination involving the Company. 
 Section 4.5 Insurance. During the period from
the date of this Agreement until the Closing Date, the Sellers shall cause the Company to maintain insurance coverage that is substantially similar to the insurance coverage under the insurance policies identified in Section 2.19 of the
Disclosure Schedule. 
 Section 4.6 Certain Actions. Upon the terms and subject to the conditions set forth in
this Agreement, the Sellers and the Buyer shall use reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate in doing, all things necessary, proper or advisable to consummate and
make effective the transactions to be performed or consummated by the Parties in accordance with the terms of this Agreement. 
 Article
5.      NO CONDITIONS PRECEDENT TO CLOSING 

Section 5.1 Conditions to Obligations of the Buyer. The obligation of the Buyer to consummate the transactions
contemplated by this Agreement is absolute and unqualified. 
 Section 5.2 Conditions to Obligations of the
Sellers. The obligation of the Sellers to consummate the transactions contemplated by this Agreement is absolute and unqualified. 

  

					
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 Article 6.      INDEMNIFICATION 

Section 6.1 Indemnification by the Sellers. Subject to the terms and conditions of this Article 6, from and
after the Closing Date, the Sellers shall jointly and severally indemnify the Buyer, the Company, and their Affiliates (the “Buyer Indemnified Persons”) in respect of, and hold the Buyer Indemnified Persons harmless against, any and
all liabilities, monetary damages, fines, fees, penalties, interest obligations, deficiencies, losses, costs and expenses (including without limitation reasonable attorneys’ fees and expenses) (collectively, “Damages”) incurred
or suffered by a Buyer Indemnified Person: (a) resulting from any (i) Breach of any representation or warranty of the Sellers contained in this Agreement or (ii) Breach of any covenant or agreement of the Sellers contained in this
Agreement (other than in the case of (i) or (ii) Breaches of which the Buyer had Knowledge prior to the Closing); (b) resulting from any failure of any of the Sellers to have good title to the issued and outstanding Company Shares
free and clear of any Share Encumbrance; or (c) resulting from any claim for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding made or alleged to have been made with any of the Sellers
or the Company (or any person or entity acting on their behalf) in connection with any of the transactions contemplated hereby. 

Section 6.2 Indemnification by the Buyer. Subject to the terms and conditions of this Article 6, from and
after the Closing, the Buyer shall indemnify the Sellers and each of them in respect of, and hold the Sellers and each of them harmless against, any and all Damages incurred or suffered by any of the Sellers or any Affiliate thereof:
(a) resulting from any (i) Breach of any representation or warranty of the Buyer contained in this Agreement or (ii) Breach of any covenant or agreement of the Buyer contained in this Agreement (other than in the case of (i) or
(ii) Breaches of which the Sellers had Knowledge prior to the Closing); (b) resulting from any claim for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding made or alleged to have
been made with the Buyer in connection with any of the transactions contemplated hereby; or (c) resulting from the operation of the Business or assets of the Company from and after the Closing Date. 

Section 6.3 Claims for Indemnification. 

(a)        Third-Party Claims. All claims for indemnification
made under this Article 6 resulting from a third-party claim against an Indemnified Party (as defined below) shall be made in accordance with the following procedures. A Person entitled to
indemnification under this Article 6 (an “Indemnified Party”) shall give prompt written notification to the Person from whom indemnification is sought (the “Indemnifying Party”) of the commencement of any
action, suit or proceeding relating to a third-party claim for which indemnification may be sought or, if earlier, upon the potential assertion of any such claim by a third party (collectively, an “Action”). Within thirty
(30) days after delivery of such notification, the Indemnifying Party may, upon written notice thereof to the Indemnified Party, assume control of the defense of the Action with counsel selected by the Indemnifying Party. If the Indemnifying
Party does not assume control of such defense, the Indemnified Party shall control such defense. The Party not controlling such defense may participate therein at its own expense. The Party controlling such defense shall keep the other Party advised
of the status of such action, suit, proceeding or claim and the defense thereof and shall consider recommendations made by the other Party with respect thereto. The Indemnified Party shall not agree to any

  

					
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	 	22	 	ELDS01 272111v16 

 
settlement of such action, suit, proceeding or claim without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably withheld or delayed. 

(b)        Procedure for Other Claims. An Indemnified Party
wishing to assert a claim for indemnification under this Article 6 that is not subject to Section 6.3(a) shall deliver to the Indemnifying Party or in the case of the Sellers, to the Sellers’ Representative, a prompt written
notice (a “Claim Notice”) which contains (i) a description and the amount (the “Claimed Amount”) of any Damages incurred by the Indemnified Party, (ii) a statement that the Indemnified Party is entitled to
indemnification under this Article 6 and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Damages. Within sixty (60) days after delivery of a Claim Notice, the Indemnifying Party
shall deliver to the Indemnified Party a written response in which the Indemnifying Party shall either: (i) agree that the Indemnified Party is entitled to receive all of the Claimed Amount (in which case such response shall be accompanied by a
payment by the Indemnifying Party to the Indemnified Party of the Claimed Amount, by check or by wire transfer), or (ii) contest that the Indemnified Party is entitled to receive the Claimed Amount in whole or in part. If the Indemnifying Party
in such response contests the payment of all or part of the Claimed Amount, the Indemnifying Party and the Indemnified Party shall use good faith efforts to resolve such dispute. If such dispute is not resolved within sixty (60) days following
the delivery by the Indemnifying Party of such response, then either Party may file suit in a court of competent jurisdiction as provided in Section 10.16. As a condition to any payment by the Indemnifying Party, the Indemnified Party
shall assign to the Indemnifying Party all of its rights with respect to the subject matter of the claim or otherwise make arrangements reasonably satisfactory to the Indemnifying Party to provide that the Indemnifying Party is subrogated to such
rights. 
 Section 6.4 Survival. 

(a)        Except as expressly set forth in this Agreement, the
representations and warranties of the Seller and the Buyer set forth in this Agreement, the Sellers Certificate, and the Buyer Certificate, and the right to make a claim hereunder with respect to a Breach thereof, shall survive the Closing and the
consummation of the transactions contemplated hereby and shall remain in full force and effect for a period of twelve (12) months following the Closing Date, at which time they shall expire. Notwithstanding the foregoing, (i) the
Seller’s representations and warranties contained in (1) the first sentence of Section 2.1(a) “Organization, Qualification and Corporate Power”, (2) Section 2.2 “Capitalization and
Ownership”, and (3) Section 2.3 “Authority” (the “Fundamental Representations”) shall survive the Closing and the consummation of the transactions contemplated hereby without limitation, (ii) the
representations and warranties of contained in Section 2.11 “Tax Matters” and Article 8 “Tax Matters” shall survive the Closing and the consummation of the transactions contemplated hereby until the expiration of the
applicable statute of limitations for such matters, at which time they shall expire, (iii) the covenant contained in Section 9.5 “Noncompetition Covenant” shall survive the Closing and the consummation of the transactions
contemplated hereby until the expiration of such covenant as outlined therein, and (iv) the Buyer’s representations and warranties contained in Section 3.1 “Organization” and Section 3.2
“Authorization of 

  

					
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Transaction” shall survive the Closing and the consummation of the transactions contemplated hereby without limitation. 

(b)        Any valid claim for a Breach of a representation or warranty
pursuant to Section 6.1(a)(i) or Section 6.2(a)(i) that is properly asserted in writing pursuant to Section 6.3 prior to the expiration as provided in Section 6.4(a) of the representation or warranty
that is the basis for such claim shall survive until such claim is finally resolved and satisfied. 
 Section 6.5
Limitations. 
 (a)        The rights of the Indemnified Party
under this Article 6 shall be the sole and exclusive remedies of the Indemnified Party and its Affiliates with respect to claims resulting from or relating to any misrepresentation, Breach of or failure to perform any covenant (including pre-closing covenants under Article 4) or agreement contained in this Agreement or otherwise relating to the transactions that are the subject of this Agreement. 

(b)        Notwithstanding anything to the contrary contained in this
Agreement, each of the following limitations shall apply: 

(i)        the Sellers shall have no liability to the Buyer
Indemnified Persons pursuant to this Article 6 (other than in respect of a Breach of a Fundamental Representation) until the aggregate amount of all Damages resulting therefrom exceed $523,000 (the “Basket”), and then only
for the amount by which such Damages exceed in the aggregate such Basket; and 

(ii)        the overall aggregate liability of the Sellers to the
Buyer Indemnified Persons pursuant to this Article 6 (other than in respect of Breaches of Fundamental Representations) shall not exceed $3,922,500. 

(c)        Notwithstanding anything to the contrary in this Agreement,
the Buyer shall not be entitled to make any claim for indemnification with respect to any matter to the extent the Base Purchase Price has been adjusted to reflect such matter pursuant to Section 1.3 or Section 1.4 hereof,
and the amount of any Damages for which indemnification is provided under this Article 6 shall be calculated net of any accruals, reserves or provisions reflected in the Final Net Working Capital that is applicable to the matter for which the
accrual, reserve or provision was created, and the Buyer’s and Company’s sole remedy for matters relating to the title for or encumbrances against the Real Estate shall be the policy of title insurance issued at the Closing pursuant to
Meridian Title Corporation File No. 14-9636. 
 Section 6.6 Manner of
Payment. Any indemnification payments pursuant to this Article 6 shall be effected by wire transfer of immediately available funds to an account designated in writing by the Buyer Indemnified Person, or for payments made pursuant to
Section 6.2, by the Sellers’ Representative, within ten (10) Business Days after the final determination thereof. All amounts to be paid by the Sellers under this Article 6 shall first be paid from the Escrow. 

Article 7.      TERMINATION 

Section 7.1 Termination of Agreement. The Parties may terminate this Agreement prior to the Closing only by mutual
written consent. 

  

					
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	 	24	 	ELDS01 272111v16 

 Article 8.      TAX MATTERS 

The following provisions shall govern the allocation of responsibility as between the Buyer and the Sellers for certain Tax
matters following the Closing Date. 
 Section 8.1 Tax Indemnification. The Sellers shall indemnify the
Company and the Buyer and hold them harmless from and against (a) all Taxes (or the non-payment thereof) of the Company for all taxable periods ending on or before the Closing Date and the portion thereof through the end of the Closing Date for
any taxable period that includes (but does not end on) the Closing Date (“Pre-Closing Tax Period”), (b) any and all Taxes of any member of an affiliated, consolidated, combined, or unitary group of which the Company (or any
predecessor of any of the foregoing) is or was a member on or prior to the Closing Date, including pursuant to Treasury Regulation § 1.1502-6 or any analogous or similar state, local, or foreign law
or regulation, (c) any and all Taxes of any Person (other than the Company) imposed on the Company as a transferee or successor, by contract or pursuant to any Legal Requirement which Taxes relate to an event or transaction occurring before the
Closing, and/or (d) any pre-Closing tax exposure should it be determined that the Subchapter S status of the Company was invalidated (other than as a result of the Closing and ownership of the Company
Shares by the Buyer). 
 Section 8.2 Straddle Period. In the case of any taxable period that includes (but does
not end on) the Closing Date (a “Straddle Period”), the amount of any Taxes for the Pre-Closing Tax Period shall be determined based on an interim closing of the books as of the close of
business on the Closing Date. 
 Section 8.3 Responsibility for Filing Tax Returns. The Buyer shall prepare or
cause to be prepared and timely file or cause to be timely filed all Tax Returns for the Company that are filed after the Closing Date. Subject to the Seller’s indemnification obligations set forth in Section 8.1 above, the Buyer
shall remit or cause to be remitted all Taxes in respect of such Tax Returns. The Buyer shall permit the Sellers to review and comment on each such Tax Returns described in the preceding sentence prior to filing and shall make such revisions to such
Tax Returns as are reasonably requested by the Sellers’ Representative. In the event of a dispute between the Parties with respect to any item on any such Tax Return filed by the Buyer pursuant to this Section 8.3, the Parties shall
act in good faith to resolve any such dispute prior to the date on which such Tax Return is required to be filed. The Buyer agrees to file all permitted extensions of time to file such Tax Return as shall be reasonably required to allow any such
dispute to be resolved. If the Parties hereto cannot resolve any disputed item, the item or items in question shall be resolved in a manner similar to
that set forth in Section 1.4(b) and Section 1.4(c) hereof. 

Section 8.4 Refunds and Tax Benefits. Any Tax refunds that are received by the Buyer or the Company, and any
amounts credited against Tax to which the Buyer or the Company become entitled, that relate to Tax periods or portions thereof ending on or before the Closing Date shall be for the account of the Sellers. The Buyer shall promptly notify the
Sellers’ Representative in writing of any Tax refund(s) received by or payable to the Company after the Closing that relate to Tax periods or portions thereof ending on or before the Closing Date. The Buyer shall pay over to the Sellers any
such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto. The Buyer shall cooperate, and cause the Company to cooperate, in obtaining any refund that the Sellers reasonably believe should be

  

					
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	 	25	 	ELDS01 272111v16 

 
available, including without limitation, through filing appropriate forms with the applicable Taxing Authorities. 

Section 8.5        Cooperation on Tax Matters; Tax Audits. 

(a)        The Buyer and the Sellers shall cooperate fully, as and to
the extent reasonably requested by the other Party, in connection with the filing of Tax Returns pursuant to this Article 8 and any Tax Audit or other Proceeding with respect to Taxes. Such cooperation shall include the retention and (upon
the other Party’s request) the provision of records and information that are reasonably relevant to any such audit or other Proceeding and making employees available on a mutually convenient basis to provide additional information and
explanation of any material provided hereunder. The Parties agree (i) to retain all books and records with respect to Tax matters pertinent to the Company relating to any taxable period beginning before the Closing Date until the expiration of
the statute of limitations (and, to the extent notified by the Buyer or the Sellers, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any Taxing Authority, and (ii) to
give the other Party reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the other Party so requests, the Buyer or the Seller, as the case may be, shall allow the other Party to take
possession of such books and records. 
 (b)        The Sellers shall
have the sole right to represent the Company’s interests in any audit or examination (“Tax Audit”) or Proceeding by any Taxing Authority with respect to Tax periods or portions thereof ending on or before the Closing Date and
to employ counsel of its choice at its expense. To the extent that the resolution of any issue in such audit, examination or Proceeding may have prospective tax implications on the Business, Sellers agree to fully disclose the issues to Buyer prior
to such audit, examination or Proceeding. Upon such disclosure, Buyer may, at its expense, retain consultants to seek guidance and/or assist in the preparation of a response to such issue. In the case of a Straddle Period, the Sellers shall be
entitled to participate at its expense in any Tax Audit or Proceeding relating in any part to Taxes attributable to the portion of such Straddle Period deemed to end on or before the Closing Date and, with the written consent of the Buyer (which
shall not be reasonably withheld), at the Sellers’ sole expense, may assume the control of such entire Tax Audit or Proceeding. Neither Buyer or Sellers or any of their respective affiliates may settle or otherwise dispose of any Tax Audit or
Proceeding for which the other party may have a liability under this Agreement or retroactive or prospective tax consequence, or which may result in an increase in either’s liability under this Agreement, without the prior written consent of
the affected party or affiliate, which consent shall not be unreasonably withheld but which may be conditioned on indemnifying the affected party or affiliate with respect to such liability. 

(c)        The Buyer and the Sellers further agree, upon request, to
use their best efforts to obtain any certificate or other document from any Governmental Authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed (including, but not limited to, with respect to
the transactions contemplated hereby). 

  

					
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	 	26	 	ELDS01 272111v16 

 (d)        The Buyer and
the Sellers further agree, upon request, to provide the other Party with all information that either Party may be required to report pursuant to Code § 6043, or Code § 6043A, or Treasury Regulations promulgated thereunder. 

(e)        None of the Buyer or any Affiliate of the Buyer shall (or
shall cause or permit the Company to) amend, refile, or otherwise modify any Tax Return relating in whole or in part to the Company with respect to Tax periods or portions thereof ending on or before the Closing Date (or with respect to any Straddle
Period) without the prior written consent of the Sellers’ Representative, which consent may be withheld in the sole discretion of the Sellers’ Representative. 

(f)        The Buyer shall, and shall cause the Company to, prepare and
provide to the Sellers a package of Tax information materials, including, without limitation, schedules and work papers required by any of the Sellers to enable such Seller to prepare and calculate his, her, or its year-end Tax return. The Tax
package shall be delivered to Sellers’ Representative, all within a commercially reasonable time. 
 Section 8.6
Certain Taxes and Fees.  All excise, sales, use, transfer, stamp, documentary, filing, recordation and other similar taxes, together with any interest, additions or penalties with respect thereto and any interest in respect of such
additions or penalties (the “Transfer Taxes”), resulting from the transfer of the Company Shares pursuant to this Agreement shall be borne by the Buyer. Notwithstanding anything contained in this Article 8 to the contrary,
any Tax Returns that must be filed in connection with Transfer Taxes shall be prepared and timely filed by the Party bearing such Transfer Taxes as provided herein. 

Section 8.7 Taxes and Section 338(h)(10) Election. Buyer and Sellers agree that under applicable federal tax
laws and, to the extent permitted under applicable state tax laws, the purchase and sale of the Shares shall, for purposes of all income and similar Taxes, be treated as a sale by Company of its assets and properties. In pursuance thereof, Buyer and
Sellers shall jointly make the election provided in Section 338(h)(10) of the Code and applicable Treasury Regulations and, to the extent permitted under applicable state tax laws, shall also make or be deemed to make such election or any
similar election under and for purposes of state income and similar Taxes (the “Election”). Buyer shall prepare and Buyer and Sellers shall execute and file Internal Revenue Service Form 8023 and all accompanying schedules and
all other forms, elections and statements required by any Taxing Authority relating to any Taxes to which Buyer, Company or Sellers may be subject that is necessary or appropriate to effectuate, evidence and confirm the Election. Buyer, Seller and
Company shall file all federal income Tax Returns, and where applicable, state income and similar Tax Returns, in a manner consistent with the foregoing. Within 60 days after the finalization of the Closing Date Balance Sheet, Buyer shall deliver to
Sellers a proposed Form 8883, with the real estate Part V completed based on the appraisal of the assets prepared by an appraiser mutually agreeable to the Sellers’ Representative and the Buyer and in accordance with Treas. Reg. Section 1.338-4 and using the methodology on Exhibit 8.8. Sellers shall be deemed to have accepted the appraisal and the allocation unless they deliver a written notice to Buyer within 10 days of
receipt of the proposed Form 8883, setting forth the items of disagreement. If Sellers have delivered a timely notice of disagreement, Sellers and Buyer shall negotiate in good faith to resolve the items of disagreement. If they have not been
resolved within 10 days of Buyer’s receipt of the notice of disagreement, the item of disagreement shall be submitted to the Independent Accounting Firm for resolution (including, if needed, a
re-appraisal of the assets). Buyer shall pay for the first appraisal. If there is an 

  

					
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	 	27	 	ELDS01 272111v16 

 
objection by the Sellers, and a reappraisal is undertaken, the parties shall equally pay for the reappraisal. 

Article 9.      FURTHER AGREEMENTS 

Section 9.1 Access to Information; Record Retention; Cooperation. 

(a)        Access to Information. Following the Closing, each
Party shall afford to the other Party and to the other Party’s Affiliates, authorized accountants, counsel and other designated representatives reasonable access (including using reasonable efforts to give access to third parties possessing
information and providing reasonable access to its own employees who are in possession of relevant information) and duplicating rights during normal business hours to all non-privileged records, books, contracts, instruments, documents,
correspondence, computer data and other data and information (collectively, “Information”) within the possession or control of such Party or its Affiliates, relating to the Company or its business or operations prior to the Closing,
insofar as such access is reasonably required by the other Party. Information may be requested under this Section 9.1(a) for, without limitation, any financial reporting and accounting matters, preparing or verifying financial
statements, preparing and filing of any Tax Returns, prosecuting any claims for refund, defending any Tax claims or assessment, preparing securities law or exchange filings, prosecuting, defending or settling any litigation, Environmental Matter or
insurance claim, performing this Agreement and the transactions contemplated hereby, and all other proper business purposes. 

(b)        Access to Personnel. Following the Closing, each
Party shall use commercially reasonable efforts to make available to the other Party, upon written request, such Party’s and its Affiliates’ officers, directors, employees and agents to the extent that such persons may reasonably be
required in connection with any legal, administrative or other proceedings in which the requesting Party may from time to time be involved relating to the Company or its businesses or operations prior to the Closing or for any other matter referred
to in Section 9.1(a). 
 (c)        Reimbursement. A
Party providing Information or personnel to the other Party under Section 9.1(a) or Section 9.1(b) shall be entitled to receive from the recipient, upon the presentation of invoices therefor, payments for such amounts,
relating to supplies, disbursements and other out-of-pocket expenses, as may be reasonably incurred in providing such Information; provided, however, that no such reimbursements shall be required for the salary or cost of fringe
benefits or similar expenses pertaining to employees or directors of the providing Party or its Affiliates. 

(d)        Retention of Records. Except as otherwise
required by law or agreed to in writing by the Parties, each Party shall (and shall cause its Affiliates to) use reasonable efforts to preserve Information in its possession pertaining to the Company and its businesses and operations in accordance
with Schedule 9.1(d) hereof. Notwithstanding the foregoing, in lieu of retaining any specific Information, any Party may offer in writing to the other Party to deliver such Information to the other Party and, if such offer is not accepted within
ninety (90) days, the offered Information may be disposed of at any time. 

(e)        Confidentiality. Each of the Buyer and the Seller
shall hold, and shall use commercially reasonable efforts to cause their respective Affiliates, consultants and 

  

					
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	 	28	 	ELDS01 272111v16 

 
advisors to hold, in strict confidence all Information concerning the other furnished to it by the other Party or the other Party’s representatives at any time prior to Closing or pursuant
to this Section 9.1 except to the extent that such Information (i) is or becomes generally available to the public other than as a result of a disclosure by the receiving Party in violation of the terms of this
Section 9.1, (ii) was within the possession of the receiving Party prior to it being furnished to the receiving Party by or on behalf of the other Party pursuant hereto, provided that the source of such information was not known by
the receiving Party at the time of receipt to be bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to the other Party or any other party with respect to such information, or
(iii) is or becomes available to the receiving Party from a source other than the other Party, provided that such source is not, to the Knowledge of the receiving Party at the time of receipt, bound by a confidentiality agreement with or other
contractual, legal or fiduciary obligation of confidentiality to the other Party or any other party with respect to such information, and each Party shall not release or disclose such Information to any other person, except its auditors, attorneys,
financial advisors, bankers and other consultants and advisors, unless compelled to disclose such Information by judicial or administrative process or, as advised by its counsel, by other requirements of law; provided, however, that in
the case of disclosure compelled by judicial or administrative process, the disclosing Party shall notify the non-disclosing Party promptly of the request or requirement so that the non-disclosing Party may seek an appropriate protective order or
waive compliance with the provisions of this Section 9.1(e). If, in the absence of a protective order or the receipt of a waiver hereunder, a Party is, on the written advice of counsel, compelled to disclose any Information by judicial
or administrative process, such Party may so disclose the Information; provided, however, that, at the written request of the non-disclosing Party, the disclosing Party shall use commercially reasonable efforts to obtain, at the
expense of the non-disclosing Party an order or other assurance that confidential treatment will be accorded to such portion of the Information required to be disclosed. 

Section 9.2 Further Assurances. At any time and from time to time after the Closing, as and when requested by any
Party hereto and at such Party’s expense, the other Party shall promptly execute and deliver, or cause to be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all such further or other actions as
such other Party may reasonably deem necessary or desirable to evidence and effectuate the transactions contemplated by this Agreement. 

Section 9.3 Disclosure Generally. The inclusion of any information in the Disclosure Schedule (or any update
thereto) shall not be deemed to be an admission or acknowledgment, in and of itself, that such information is required by the terms hereof to be disclosed, is material to the Company, has or would have a Material Adverse Effect, or is outside the
Ordinary Course of Business. 
 Section 9.4 Resignations. Effective upon the Closing, each director and officer
of the Company that is also one of the Sellers shall resign from the board of directors of the Company and from all positions as officers of the Company, as applicable. 

Section 9.5 Noncompetition Covenant. As an inducement for Buyer to enter into this Agreement and as additional
consideration for the Purchase Price under this Agreement, Sellers agree that: (a) for a period of five (5) years after the Closing, Sellers will not, directly or 

  

					
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	 	29	 	ELDS01 272111v16 

 
indirectly, engage or invest in, consult with, render services for, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control
(“Business Relationships”) of any business whose products or activities compete in whole or in part with the Business, in any state in which Seller engages in business prior to the Closing and anywhere within the United States of
America; provided, however, a Seller may, without violating this provision, own up to 5% of any publicly traded company which competes with the Business and provided further that this provision does not apply to Business Relationships with any
Person identified on Section 9.5 of the Disclosure Schedule. Sellers agree that this covenant is reasonable with respect to its duration, geographical area, and scope; (b) if a Seller breaches the covenants set forth in this
Section 9.5, Buyer will be entitled, in addition to any right to damages and any other rights it may have, to obtain injunctive or other equitable relief to restrain any breach or threatened breach or otherwise to specifically enforce
the provisions of this Section 9.5 it being agreed that money damages alone would be inadequate to compensate Buyer and would be an inadequate remedy for such breach; and (c) the rights and remedies of the parties contained in this
Section 9.5 are cumulative and not alternative. 
 Section 9.6 Employee Matters. 

(a)        Each individual who is employed by the Company immediately
prior to the Closing Date shall remain an employee of the Company following the Closing Date (each such employee, an “Affected Employee”). 

(b)        As of the Closing, each Affected Employee shall be
immediately eligible to participate, without any waiting time, in welfare benefit plans of the Buyer or one of its Affiliates (which may be the Company) made available to such Affected Employees. For purposes of each welfare benefit plan of the
Buyer or one of its Affiliates providing medical, dental, pharmaceutical and/or vision benefits to any Affected Employee after the Closing, the Buyer shall cause all pre-existing condition exclusions and actively-at-work requirements of such plans
to be waived for such Affected Employee and his or her covered dependents (other than waiting periods that are already in effect with respect to such Affected Employees and dependents under the Company’s plans that have not been satisfied as of
the Closing). With respect to welfare benefit plans in which benefits are subject to co-payments, deductibles or similar thresholds, the Buyer or one of its Affiliates will take any and all required actions necessary to give full credit for all co-payments and deductibles satisfied prior to the Closing in the same plan year as if there had been a single continuous employer. 

(c)        Effective as of the Closing, the Buyer shall cause the
Company to continue to recognize all accrued and unused vacation days, holidays, personal, sickness and other paid time off days (including banked days) that have accrued to Affected Employees through the Closing to the extent accrued for on the
Closing Balance Sheet. 
 (d)        The Buyer acknowledges that no
Affected Employee shall be terminated in connection with the transaction contemplated by this Agreement, and therefore no obligations under the Consolidated Omnibus Reconciliation Act of 1985, as amended, and the regulations and rules issued
pursuant thereto (“COBRA”) will arise in connection with such transaction. The Buyer shall or shall cause the Company to meet any obligation under COBRA with respect to qualifying events occurring after the Closing. 

  

					
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	 	30	 	ELDS01 272111v16 

 (e)        During the
90-day period beginning on the Closing Date, the Buyer shall ensure that the Company does not terminate the employment of any Affected Employees so as to cause any “plant closing” or “mass layoff” (as those terms are defined in
the WARN Act) such that the Company has any obligation under the WARN Act that the Company otherwise would not have had absent such terminations. 

Article 10.      MISCELLANEOUS 

Section 10.1 Definitions and Usage 

(a)        Defined Terms. In addition to other terms
defined in this Agreement, capitalized terms used in this Agreement have the following meanings: 

“Affiliate” means, with respect to any Person, any Person directly or indirectly controlling, controlled by,
or under common control with such other Person. For purposes of determining whether a Person is an Affiliate, the term “control” shall mean possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of securities, by virtue of the office held by such Person, by contract or otherwise. 

“Breach” means, as to any representation, warranty, covenant, obligation, or other provision of this
Agreement or any other instrument or certificate executed and delivered pursuant hereto, any inaccuracy in, or any failure to perform or comply with, such representation, warranty, covenant, obligation, or other provision. 

“Business Day” means any day that is not a Saturday, Sunday, or other day on which banks in the City of
Elkhart are authorized or required to be closed. 
 “Contract” means any agreement, lease, contract, note,
mortgage, indenture or other legally binding obligation or commitment, written or oral. 
 “Disclosure
Schedules” means the Disclosure Schedules delivered by Seller to Buyer concurrently with the execution and delivery of this Agreement. 

“Encumbrances” means any mortgage, pledge, security interest, encumbrance, charge, or other lien (whether
arising by contract or by operation of law), other than (A) mechanic’s, materialmen’s, and similar liens that are individually and in the aggregate not material to the Company, taken as a whole, (B) liens on goods in transit
incurred pursuant to documentary letters of credit, (C) liens with respect to current Taxes not yet due and payable or due but not delinquent, (D) purchase money liens and liens securing rental payments under capital lease arrangements,
and (E) other liens arising in the Ordinary Course of Business and not incurred in connection with the borrowing of money. 

“Environmental Assessments” means any environmental reports, assessments, and any similar reports obtained by
Buyer regarding any of the Tangible Property. 
 “Governmental Authority” means the government of the
United States of America, the government of Canada, any nation, state, province, principality, county, city, town, village, district, or other jurisdiction of any nature located within the United States or Canada, and any federal, state, local,
municipal, other 

  

					
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	 	31	 	ELDS01 272111v16 

 
government or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal) entitled to exercise, any
administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature within the United States of America or Canada. 

“Knowledge” – an individual will be deemed to have “Knowledge” of a particular fact or other
matter if such individual is actually aware of such fact or other matter. A Person (other than an individual) will be deemed to have “Knowledge” of a particular fact or other matter if any individual who is serving, or who has at any time
served, as a director, officer, partner, executor, or trustee of such Person (or in any similar capacity) has, or at any time had, Knowledge of such fact or other matter. 

“Legal Requirement” means any federal, state, local, municipal, constitution, law, rule, ordinance, principle
of common law, code, regulation, statute, or treaty, and any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued, made, or rendered by any court, administrative agency, or other Governmental Authority or by any
arbitrator. 
 “Material Adverse Effect” means a material adverse effect on the business, financial
condition or results of operations of the Company, taken as a whole, except to the extent such adverse effect results from (A) general economic, financial or market conditions in any of the geographic areas in which the Company operates,
(B) conditions caused by acts of terrorism or war (whether or not declared), (C) conditions or circumstances generally affecting the businesses or industries, as a whole, in which the Company operates, (D) the consummation of the
transactions contemplated hereby, or (E) any changes in applicable Legal Requirements. 
 “Ordinary Course of
Business” – an action taken by a Person will be deemed to have been taken in the “Ordinary Course of Business” if such action is consistent with the past practices of such Person and is taken in the ordinary course of
the normal day-to-day operations of such Person and such action is not required to be authorized by the board of directors of such Person (or by any Person or group of Persons exercising similar authority). 

“Organizational Documents” means (A) the articles or certificate of incorporation and the bylaws of a
corporation; (B) the partnership agreement and any statement of partnership of a general partnership; (C) the limited partnership agreement and the certificate of limited partnership of a limited partnership; (D) the operating
agreement or limited liability company agreement and articles or certificate of organization of a limited liability company; (E) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a
Person; and (F) any amendment to any of the foregoing. 
 “Person” means an individual, a corporation,
a general partnership, a limited partnership, a limited liability company, an association, a trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

  

					
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 “Sellers’ Knowledge” and similar phrases mean the actual
knowledge of Daryl Zook, Terry Slabach, and Delbert Miller. 

(b)        Other Defined Terms. In addition to terms
defined in the Section 10.1(a) above, the following terms have the meanings defined for such terms in the Sections of this Agreement set forth below: 
  

			
	TERM                                 
   	  	SECTION                            
	 “Action”
	  	Section 6.3(a)
	 “Adjustment Report”
	  	Section 1.4(c)
	 “Affected Employee”
	  	Section 9.6(a)
	 “Agreement”
	  	Introductory Paragraph
	 “Annual Financial Statements”
	  	Section 2.6
	 “Annual Income Statement”
	  	Section 2.6
	 “Balance Sheet”
	  	Section 2.6
	 “Base Purchase Price”
	  	Section 1.2
	 “Basket”
	  	Section 6.5(b)(i)
	 “B&T”
	  	Section 10.16
	 “Business”
	  	Second Recital
	 “Business Relationships”
	  	Section 9.5
	 “Buyer”
	  	Introductory Paragraph
	 “Buyer Certificate”
	  	Section 5.2(d)
	 “Buyer Indemnified Persons”
	  	Section 6.1
	 “Buyer Material Adverse Effect”
	  	Section 3.3(a)
	 “CERCLA”
	  	Section 2.17(a)(i)
	 “Claim Notice”
	  	Section 6.3(b)
	 “Claimed Amount”
	  	Section 6.3(b)
	 “Closing”
	  	Section 1.6(a)
	 “Closing Certificate”
	  	Section 1.4(a)
	 “Closing Date”
	  	Section 1.6(a)
	 “Closing Net Working Capital”
	  	Section 1.4(a)
	 “Signing Purchase Price”
	  	Section 1.2
	 “COBRA”
	  	Section 9.6(d)
	 “Code”
	  	Section 2.11(e)
	 “Company”
	  	First Recital
	 “Company Intellectual Property”
	  	Section 2.12(b)
	 “Company Plans”
	  	Section 2.16(a)
	 “Company Shares”
	  	Third Recital
	 “Confidentiality Agreement”
	  	Section 4.3
	 “Damages”
	  	Section 6.1
	 “Dispute Notice”
	  	Section 1.4(a)
	 “Election”
	  	Section 8.8
	 “Employee Benefit Plan”
	  	Section 2.16(a)
	 “Environment”
	  	Section 2.17(a)(ii)
	 “Environmental Law”
	  	Section 2.17(a)(iii)
	 “Environmental Matters”
	  	Section 2.17(a)(iv)
	 “ERISA”
	  	Section 2.16(a)

  

					
	  STOCK PURCHASE AGREEMENT
	 	33	 	ELDS01 272111v16 

			
	TERM                                 
   	  	SECTION                            
	 “ERISA Affiliate”
	  	Section 2.16(a)
	 “Escrow”
	  	Section 1.2
	 “Escrow Account”
	  	Section 1.5
	 “Escrow Agent”
	  	Section 1.2
	 “Escrow Agreement”
	  	Section 1.5
	 “Escrow Amount”
	  	Section 1.2
	 “Estimated Purchase Price Certificate”
	  	Section 1.3(a)
	 “Estimated Net Working Capital”
	  	Section 1.3(a)
	 “Final Net Working Capital”
	  	Section 1.4(a)
	 “Fundamental Representations”
	  	Section 6.4(a)
	 “GAAP”
	  	Section 1.3(a)
	 “Indemnified Party”
	  	Section 6.3(a)
	 “Indemnifying Party”
	  	Section 6.3(a)
	 “Independent Accounting Firm”
	  	Section 1.4(b)
	 “Indiana Courts”
	  	Section 10.17
	 “Information”
	  	Section 9.1(a)
	 “Interim Balance Sheet”
	  	Section 2.6
	 “Interim Financial Statements”
	  	Section 2.6
	 “Interim Income Statement”
	  	Section 2.6
	 “Leased Real Property”
	  	Fourth Recital
	 “Materials of Environmental Concern”
	  	Section 2.17(a)(v)
	 “Multiemployer Plans”
	  	Section 2.16(e)
	 “Net Working Capital”
	  	Section 1.3(b)
	 “Parties”
	  	Introductory Paragraph
	 “Party”
	  	Introductory Paragraph
	 “Permits”
	  	Section 2.19
	 “Pre-Closing Tax Period”
	  	Section 8.1
	 “Proceeding”
	  	Section 2.14
	 “Purchase Price”
	  	Section 1.2
	 “Real Estate Purchase Agreements”
	  	Section 5.1(g)
	 “Release”
	  	Section 2.17(a)(vi)
	 “Review Period”
	  	Section 1.4(a)
	 “Sellers”
	  	Introductory Paragraph
	 “Sellers’ Certificate”
	  	Section 5.1(d)
	 “Sellers’ Representative”
	  	Section 1.7(a)
	 “Share Encumbrances”
	  	Section 2.2(b)
	 “Straddle Period”
	  	Section 8.2
	 “Tangible Property”
	  	Section 2.7
	 “Target Net Working Capital”
	  	Section 1.3(a)
	 “Tax”
	  	Section 2.11(a)
	 “Tax Audit”
	  	Section 8.5(b)
	 “Tax Returns”
	  	Section 2.11(a)
	 “Taxes”
	  	Section 2.11(a)
	 “Taxing Authority”
	  	Section 2.11(a)
	 “Transfer Taxes”
	  	Section 8.7

  

					
	  STOCK PURCHASE AGREEMENT
	 	34	 	ELDS01 272111v16 

			
	TERM                                 
   	  	SECTION                            
	 “Undisputed Amount”
	  	Section 1.4(a)
	 “WARN”
	  	Section 2.15(a)

 (c)        Usage. 

    (i)        Interpretation. In
this Agreement, unless a clear contrary intention appears: 
 (A) the singular number includes the plural
number and vice versa; 
 (B) reference to any Person includes such Person’s successors and assigns
but, if applicable, only if such successors and assigns are not prohibited by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually; 

(C) reference to any gender includes each other gender; 

(D) reference to any agreement, document or instrument means such agreement, document or instrument as amended
or modified and in effect from time to time in accordance with the terms thereof; 
 (E) reference to any
Legal Requirement means such Legal Requirement as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect as of the date of the Closing, including rules and regulations promulgated thereunder, and reference to any
section or other provision of any Legal Requirement means that provision of such Legal Requirement from time to time in effect and constituting the substantive amendment, modification, codification, replacement or reenactment of such section or
other provision; 
 (F) “hereunder,” “hereof,” “hereto,” and words of similar
import shall be deemed references to this Agreement as a whole and not to any particular Article, Section or other provision hereof; 

(G) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding such term; 
 (H) “or” is used in the inclusive sense
of “and/or;” 
 (I) with respect to the determination of any period of time, “from”
means “from and including” and “to” means “to but excluding;” 
 (J)
references to documents, instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto; and 

(K) all references to “Dollars” or “$” refer to currency of the United States of America.

 (ii)        Legal Representation of the Parties.
This Agreement was negotiated by the Parties with the benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Agreement to be construed 

  

					
	  STOCK PURCHASE AGREEMENT
	 	35	 	ELDS01 272111v16 

 
or interpreted against any Party shall not apply to any construction or interpretation hereof. 

Section 10.2 Press Releases and Announcements. No Party shall issue (and each Party shall cause its Affiliates not
to issue) any press release or public disclosure relating to the subject matter of this Agreement without the prior written approval of the other Party (and in the case of the Sellers, the Sellers’ Representative); provided,
however, that either Party may make any public disclosure it believes in good faith is required by law, regulation or stock market rule (in which case the disclosing Party shall advise the other Party and the other Party shall have the right
to review such press release or announcement prior to its publication). 
 Section 10.3 No Third-Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any person other than the Parties and their respective successors and permitted assigns and, to the extent specified herein,
their respective Affiliates. 
 Section 10.4 Action to be Taken by Affiliates. The Parties shall cause their
respective Affiliates to comply with all of the obligations specified in this Agreement to be performed by such Affiliates. Prior to the Closing, the Company will be deemed to be an Affiliate of the Sellers and not of the Buyer. Following the
Closing, the Company will be deemed to be an Affiliate of the Buyer and not of the Sellers. 
 Section 10.5 Entire
Agreement. This Agreement (including the Disclosure Schedule) and the Confidentiality Agreement constitute the entire agreement between the Buyer, on the one hand, and the Sellers, on the other hand. This Agreement supersedes any prior
understandings, agreements, or representations by or between the Buyer and its Affiliates, on the one hand, and the Seller, on the other hand, whether written or oral, with respect to the subject matter hereof (other than the Confidentiality
Agreement). 
 Section 10.6 Succession and Assignment. This Agreement shall be binding upon and inure to the
benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party.

 Section 10.7 Counterparts; Facsimile Signatures. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original but all of which together shall constitute one and the same instrument. This Agreement may be executed and delivered by facsimile. 

Section 10.8 Headings. The section headings contained in this Agreement are inserted for convenience only and shall
not affect in any way the meaning or interpretation of this Agreement. 
 Section 10.9 Notices. All notices and
other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) upon transmission when sent by facsimile, provided
electronic confirmation of successful transmission is received by the sending Party and a confirmation copy is sent on the same day as the facsimile transmission by nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt, (c) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) Business Day after deposit with a nationally recognized
overnight 

  

					
	  STOCK PURCHASE AGREEMENT
	 	36	 	ELDS01 272111v16 

 
courier, specifying next day delivery, with written verification of receipt, in each case to the intended recipient as set forth below: 

 

			
	 If to the Buyer:
	  	 Thor Industries, Inc.

Attn.: Todd Woelfer
 601 East
Beardsley Avenue
 Elkhart, Indiana 46514

Facsimile No.: (574) 970-7928

		
	If to the Sellers or Sellers’ Representative:	  	 Daryl Zook
 4098
Basswood Drive
 Sarasota, Florida 34232

		
	 Copy to:
	  	 Barnes & Thornburg LLP

Attn.: Andrew G. Helfrich
 121
West Franklin Street, Suite 200
 Elkhart, Indiana 46516

Facsimile No.: (574) 296-2535

 Any Party may give any notice, request, demand, claim, or other communication hereunder using any other means
(including personal delivery, expedited courier, messenger service, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication shall be deemed to have been duly given unless and until it actually is
received by the Party for whom it is intended. Either Party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other Party notice in the manner herein set forth.

 Section 10.10 Governing Law. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Indiana without giving effect to any choice or conflict of law provision or rule (whether of the State of Indiana or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those
of the State of Indiana. 
 Section 10.11 Amendments and Waivers. The Parties may mutually amend or waive any
provision of this Agreement at any time. No amendment or waiver of any provision of this Agreement shall be valid unless the same shall be in writing and signed by each of the Parties. No waiver by either Party of any default, misrepresentation, or
Breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or Breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of
any prior or subsequent such occurrence. 
 Section 10.12 Severability. Any term or provision of this Agreement
that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the Parties agree that the body making the determination of invalidity or
unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision

  

					
	  STOCK PURCHASE AGREEMENT
	 	37	 	ELDS01 272111v16 

 
that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after
the expiration of the time within which the judgment may be appealed. 
 Section 10.13 Expenses. Except as
otherwise specifically provided to the contrary in this Agreement, each of the Parties shall bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby. For
avoidance of doubt, the Parties acknowledge that the Sellers will be permitted to allocate any of their costs and expenses to the Company prior to the Closing, and that such costs and expenses shall be paid at the Closing, provided such costs
and expenses are appropriately reflected in the Financial Statements and the Final Net Working Capital. 
 Section 10.14
Specific Performance. Each of the Parties acknowledges and agrees that the other Party would be damaged irreparably in the event any of the provisions of this Agreement are not performed in accordance with their specific terms or otherwise
are breached. Accordingly, each of the Parties agrees that the other Party shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce specifically this Agreement and the terms and
provisions hereof in any action instituted in any court of the United States or any state thereof having jurisdiction over the Parties and the matter. 

Section 10.15 Incorporation of Exhibits, Schedules, and Attachments. The Exhibits, Schedules, and Attachments
identified in this Agreement are incorporated herein by reference and made a part hereof. 
 Section 10.16 Trustee
Not Personally Liable. Notwithstanding anything to the contrary in this Agreement, Susan Thomas shall have no personal liability under or relating to this Agreement, but her execution of this Agreement is solely in her capacity as Trustee of the
Daryl E. Zook GST Exempt Lifetime Trust and as Trustee of the Daryl E. Zook GST Non-Exempt Lifetime Trust. 

Section 10.17 Representation; Privilege. Purchaser acknowledges that Barnes & Thornburg LLP
(“B&T”) has acted as counsel for the Company and the Sellers and that, in the event of any dispute following the Closing between Buyer or any of its Affiliates (including the Company), on the one hand, and the Sellers, on the
other hand: (a) Buyer, the Company, and each of their Affiliates hereby consent to the representation by B&T of the Sellers notwithstanding the prior representation of the Company by B&T, and the Buyer and the Company hereby waive any
right to object thereto on the basis of any conflict of interest arising from such prior representation, or similar claim; (b) Buyer acknowledges and agrees that all communications between or among Seller, the Company and their respective
employees and agents, on one hand, and their respective legal counsel (including B&T), on the other hand, related to this Agreement and the documents contemplated therein or the transactions contemplated therein are privileged communications for
the sole benefit of Sellers, and Buyer, on behalf of itself and its Affiliates (including the Company), hereby waives and releases any rights or interests with respect to such privileged communications; and (c) effective as of the Closing, the
Company hereby transfers and assigns to Sellers any interest or right it would otherwise be deemed to have in such privileged communications. 

Section 10.18 Submission to Jurisdiction. The Parties hereby irrevocably and unconditionally (i) agree that
any action or proceeding arising out of or in connection with this Agreement shall be brought only in a state court sitting in St. Joseph, Elkhart or LaGrange 

  

					
	  STOCK PURCHASE AGREEMENT
	 	38	 	ELDS01 272111v16 

 
County, Indiana or a United States District Court for the Northern District of Indiana (the “Indiana Courts”), and not in any other state or federal court in the United States of
America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Indiana Courts for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection
to the laying of venue of any such action or proceeding in the Indiana Courts, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Indiana Courts has been brought in an improper or
inconvenient forum. EACH OF THE PARTIES HEREBY WAIVES THEIR RESPECTIVE RIGHTS TO A
JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED
THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY RECOGNIZES AND
AGREES THAT THE FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT TO ENTER
INTO THIS AGREEMENT. EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS
REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 [Signatures on following page] 

  

					
	  STOCK PURCHASE AGREEMENT
	 	39	 	ELDS01 272111v16 

 IN WITNESS WHEREOF, the Parties
hereto have executed this Stock Purchase Agreement as of the date first above written. 
  

			
	BUYER
	
	THOR INDUSTRIES, INC.
		
	By:	 	/s/ Robert W. Martin                            
	PRINTED NAME: Robert W. Martin                
	TITLE: Chief Executive Officer                    
	
	SELLERS
	
	/s/ Daryl E.
Zook                                        

	DARYL E. ZOOK
	
	/s/ Trista E.
Nunemaker                              
	 TRISTA E. NUNEMAKER

	
	/s/ Tonja
Zook-Nicholas                              
	 TONJA ZOOK-NICHOLAS

	
	DARYL E. ZOOK GST EXEMPT LIFETIME TRUST
		
	By:	 	/s/ Daryl E.
Zook                                  
	Susan Thomas, not personally but solely in her capacity as Trustee
	
	DARYL E. ZOOK GST NON-EXEMPT LIFETIME
TRUST
		
	By:	 	/s/
Daryl E. Zook                                  
	Susan Thomas, not personally but solely in her capacity as Trustee

  

					
	  STOCK PURCHASE AGREEMENT
	 	SIGNATURE PAGE	 	ELDS01 272111 

 LIST OF SCHEDULES 

 

					
	 	  	Page	 
	 Schedule 2.1(a) Qualifications
	  	 	1	  
	 Schedule 2.2(a) Capitalization and Ownership
	  	 	2	  
	 Schedule 2.2(b) Share Encumbrances
	  	 	3	  
	 Schedule 2.2(c) Affiliate Capital
	  	 	4	  
	 Schedule 2.4 Noncontravention; Consents and Approval
	  	 	5	  
	 Schedule 2.5 Equity Investments
	  	 	6	  
	 Schedule 2.6 Financial Statements – Non-GAAP
	  	 	7	  
	 Schedule 2.7 Tangible Property
	  	 	9	  
	 Schedule 2.10 No Undisclosed Liabilities
	  	 	10	  
	 Schedule 2.11(b) Tax Returns
	  	 	11	  
	 Schedule 2.11(c) Tax Audits
	  	 	12	  
	 Schedule 2.12(a) Intellectual Property
	  	 	13	  
	 Schedule 2.12(b) Ownership of Intellectual Property
	  	 	15	  
	 Schedule 2.13(a) Contracts
	  	 	16	  
	 Schedule 2.13(b) Contracts – Enforceability
	  	 	19	  
	 Schedule 2.13(c) Contracts – Compliance
	  	 	20	  
	 Schedule 2.14 Proceedings
	  	 	21	  
	 Schedule 2.15(b) Employee List
	  	 	22	  
	 Schedule 2.16(a) Employee Benefit Plans
	  	 	31	  
	 Schedule 2.16(c) Multiemployer Plans
	  	 	32	  
	 Schedule 2.17(b) Environmental Matters
	  	 	33	  
	 Schedule 2.18 Legal Compliance
	  	 	34	  
	 Schedule 2.19 Permits
	  	 	35	  
	 Schedule 2.20 Insurance
	  	 	36	  
	 Schedule 2.21(a) Customers
	  	 	37	  
	 Schedule 2.21(b) Suppliers
	  	 	38	  
	 Schedule 2.22 Brokers’ Fees
	  	 	39	  
	 Schedule 2.23 Books and Records; Bank Accounts
	  	 	40	  
	 Schedule 2.24 Certain Business Relationships with the Company
	  	 	41	  
	 Schedule 9.5 Noncompetition Covenant
	  	 	44	  

  

					
	  STOCK PURCHASE AGREEMENT
	 	1	 	ELDS01 272111v16

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