Document:

Employment Agreement - Lawrence Montante

 Exhibit 10.14 
  
 EXECUTION COPY 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made as of October 30, 2003, by and between Keystone Automotive Holdings, Inc., a
Delaware corporation (the “Company”), and Lawrence Montante (“Executive”). 
  
 The execution and delivery of this Agreement by the Company and Executive are conditions to (i) the merger (the “Merger”) described in
the Agreement and Plan of Merger dated August 29, 2003 by and among the Company, Keystone Automotive Operations, Inc. (“Keystone”), Keystone Merger Sub, Inc. and LAGE, LLC, in its capacity as holder representative (the
“Merger Agreement”). References in Sections 5, 6 and 7 hereof to the Company and its Subsidiaries include all predecessor entities which conducted the business that is the subject of the Merger. 
  
 The Executive desires to serve as vice president of marketing of the Company.
This Agreement replaces any existing employment agreement between Executive, on the one hand, and Keystone or any of its Subsidiaries or predecessor entities, on the other hand, and the parties acknowledge that Executive has no remaining rights,
obligations or entitlements under any such agreement. 
  
 In
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Definitions. In this Agreement: 
  
 “Base Salary” has the meaning given to that term in Section
3(a). 
  
 “Benefits” means all of the employee
benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible. Executive is also entitled to reimbursement of certain business expenses and other perquisites as set forth on Exhibit B.

  
 “Board” means the Board of Directors of the
Company. 
  
 “Cause” means the Executive (i)
commits, or is charged with, a felony or other crime involving moral turpitude; (ii) engages in willful misconduct or fraud with respect to the Company or any of its Subsidiaries or any of their customers or suppliers or an intentional act of
dishonesty or disloyalty in the course of his employment; (iii) engages in the abuse of alcohol or illegal drugs causing the Company or any of its Subsidiaries material disrepute or economic harm or materially adversely affecting the
Executive’s ability to perform his duties, responsibilities and functions hereunder; (iv) refuses to perform his material obligations under this Agreement (except in connection with a Disability) as reasonably directed by the Board or the
Company’s chief executive officer, which failure is not cured within 15 days after written notice thereof to the Executive; (v) misappropriates one or more of the Company’s assets or business opportunities; or (vi) breaches Sections 5, 6
or 7 hereof which breach, if capable of 

  

 
being cured, is not cured within 10 days of written notice thereof has been delivered to the Executive. 
  
 “Disability” means the Executive’s inability
to perform the essential duties, responsibilities and functions of his position with the Company and its
Subsidiaries for a continuous period of 180 days as a result of any mental or physical disability or incapacity, as determined under the definition of disability in the Company’s long-term disability plan so as to qualify Executive for benefits
under the terms of that plan or as determined by an independent physician to the extent no such plan is then in effect. Executive shall cooperate in all respects with the Company if a question arises as to whether he has become disabled (including,
without limitation, submitting to an examination by a medical doctor or other health care specialists selected by the Company and authorizing such medical doctor or such other health care specialist to discuss Executive’s condition with the
Company). 
  
 “Employment Period” means the
period commencing on the date hereof and ending on the Expiration Date or such earlier date as contemplated in the proviso to Section 4(a). 
  
 “Expiration Date” means the third anniversary of the date hereof; provided, that if a written notice is not given by the Company or the
Executive at least 90 days prior to such anniversary (or any subsequent anniversary if this Agreement is extended) stating that such party is electing to terminate the Employment Period, then the Expiration Date will automatically be extended to the
next anniversary of the date hereof. 
  
 “Expiration
Year” means the calendar year in which the Employment Period expires. 
  
 “Good Reason” means: (i) Executive’s compensation is reduced in a manner not in accordance with the provisions for any such reduction provided by this Agreement; (ii) Executive’s duties or
authority are changed, without his permission, in a manner materially inconsistent with his role as vice president of marketing or they are adversely changed or reduced; (iii) Executive is required to relocate outside of the greater-Exeter,
Pennsylvania area without his agreement; or (iv) there is otherwise a material breach of this Agreement by the Company. 
  
 “Non-Compete Period” means the period commencing on the date hereof and ending 24 months after termination of the Executive’s
employment with the Company; provided that if the Executive is terminated without Cause or terminates his employment for Good Reason, then “Non-Compete Period” means the period commencing on the date hereof and ending 12 months after the
Executive’s termination of employment. 
  
 “Termination Year” means the calendar year in which the Employment Period is terminated. 
  
 “Subsidiaries” means any corporation or other entity of which the securities or other ownership interests having the voting power to
elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one of more Subsidiaries. 
  

 2 

 2. Employment, Position and Duties. 
  
 (a) The Company shall employ Executive and Executive hereby accepts employment with the Company, upon the
terms and conditions set forth in this Agreement for the Employment Period. 
  
 (b) During the Employment Period, Executive shall serve as vice president of marketing of the Company and shall perform the normal duties, responsibilities and functions of a vice president of marketing of a company
of a similar size and type and shall have such power and authority as shall reasonably be required to enable him to perform his duties hereunder, subject to the power and authority of the Board to expand or limit such duties, responsibilities,
functions, power and authority and to overrule actions of officers of the Company in a manner consistent with the traditional responsibilities of such office. 
  

(c) During the Employment Period, Executive shall (i) render such administrative, financial and other executive and managerial services
to the Company and its Subsidiaries which are consistent with Executive’s position as the Board may from time to time direct, (ii) report to the Board or the Company’s chief executive officer and shall devote his best efforts and his full
business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company and its Subsidiaries and (iii) submit to the Board all business, commercial and
investment opportunities presented to Executive or of which Executive becomes aware which relate to the business of the Company and its subsidiaries and unless approved by the Board in writing, Executive shall not pursue, directly or indirectly, any
such opportunities on Executive’s own behalf. Executive shall perform his duties, responsibilities and functions to the Company and its Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy and professional manner.

  
 3. Compensation and Benefits. 
  
 (a) During the Employment Period, Executive’s base
salary shall be a minimum of $170,000 per annum (as increased or decreased in accordance with this Agreement from time to time, the “Base Salary”), which salary shall be payable by the Company in regular installments in accordance
with the Company’s general payroll practices (in effect from time to time). The Executive’s Base Salary will be subject to review and increase or decrease (but not below the Base Salary in effect on the date of this Agreement) by the Board
on or about January 1 of each fiscal year during the Employment Period. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Benefits. 
  
 (b) Executive shall be entitled to five weeks of paid vacation each calendar year in accordance with the
Company’s policies, which if not taken in any year may not be carried forward to any subsequent calendar year and no compensation shall be payable in lieu thereof. Such vacation will accrue as of January 1 of each year, except that during the
remainder of the 2003 calendar year, Executive shall accrue five weeks of paid vacation minus the amount of vacation Executive previously took in 2003 as of the date of this Agreement. 
  

 3 

 (c) During the Employment Period, the Company shall reimburse Executive for all
reasonable business expenses incurred by him in the course of performing his duties, responsibilities and functions under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel,
entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 
  
 (d) In addition to the Base Salary, following the end of each fiscal year during the Employment Period, the Board shall award a bonus to
Executive in an amount equal to up to 35% of Executive’s Base Salary in effect at the end of such fiscal year, based upon Executive’s performance and the Company’s achievement of operating targets established by the Company’s
chief executive officer in consultation with the Board (or any compensation committee thereof) at the beginning of such fiscal year; provided, however, that with respect to 2003, Executive shall be awarded a bonus based on the Company’s
operating results for 2003 pursuant to the bonus plan in effect for Executive on the date hereof, with no adjustment to such operating results as may be required under generally accepted accounting principles due to the consummation of the
transactions contemplated by the Merger Agreement. 
  
 (e) Executive will be indemnified and defended for acts performed (or omissions made) in his capacity as an officer or director of the Company to the fullest extent specified in the Company’s certificate of incorporation and bylaws and
as permitted under Delaware law. 
  
 4. Termination and Payment
Terms. 
  
 (a) The Employment Period shall
end on the Expiration Date; provided that (i) the Employment Period shall terminate prior to such date immediately upon Executive’s resignation, death or Disability and (ii) the Employment Period may be terminated by resolution of the Board,
with or without Cause at any time prior to such date. Except as otherwise provided herein, any termination of the Employment Period by the Company shall be effective as specified in a written notice from the Company to Executive. 
  
 (b) If the Employment Period is terminated prior to the
Expiration Date: 
  
 (i) (A) by resolution of the
Board (other than for Cause) or by Executive resigning for Good Reason or (B) if the Employment Period expires on the Expiration Date, the Executive shall be entitled to receive (1) all previously earned and accrued but unpaid Base Salary and
vacation and unpaid business expenses up to the date of such termination or the Expiration Date, as applicable, (2) any bonus (if any) earned by Executive for the fiscal year prior to the Termination Year or the Expiration Year, as applicable, but
then unpaid, (3) the pro rata portion of Executive’s target bonus during the Termination Year or the Expiration Year, as applicable, to the extent targets thereunder are achieved for such year, after such termination or expiration, pro rated
based on the number of days of the Termination Year or the Expiration Year, as applicable, prior to the date of termination or the Expiration Date, as applicable, which payment shall be made when the bonus payments for such Termination Year or the
Expiration Year, as applicable, are otherwise due; (4) severance pay in the full amount of Base Salary at the 

  

 4 

 
time of termination or expiration from the date of termination or the Expiration Date, as applicable, through the period ending on the first anniversary of
the date of termination or the Expiration Date, as applicable, and a Bonus equal to the Bonus earned in the year prior to the Termination Year or the Expiration Year, as applicable, payable on the first anniversary of the date of termination or the
Expiration Date, as applicable; and (5) full continuation of Executive’s health, disability and life insurance Benefits during the one year severance period (to the extent any of those Benefits cannot be provided by Company during the one year
severance period, the Company will provide Executive with a sum of money calculated to permit Executive to obtain the same benefits individually, grossed up for tax purposes so that Executive remains whole); or 
  
 (ii) for any other reason, including as a result of the
Executive’s death, Disability, voluntary resignation for other than Good Reason or by resolution of the Board for Cause, the Executive’s sole entitlement shall be to receive all previously earned and accrued but unpaid Base Salary,
vacation and unpaid business expenses up to the date of such termination or expiration and the Executive shall not be entitled to any further Base Salary, bonus payments or Benefits for that year or any future year, except as required by law, or to
any other severance compensation of any kind. 
  
 (c) The Executive agrees that: (i) the Executive shall be entitled to the payments and services provided for in Sections 4(b)(i)(3), 4(b)(i)(4) and 4(b)(i)(5), if any, if and only if the Executive has executed and delivered the Release
attached as Exhibit A and seven (7) days have elapsed since such execution without any revocation thereof by the Executive and the Executive has not breached as of the date of termination of the Employment Period the provisions of Sections 5, 6 and
7 hereof and does not breach such sections or such covenants at any time during the period for which such payments or services are to be made; and (ii) the Company’s obligation to make such payments and services will terminate upon the
occurrence of any such breach during such period. 
  
 (d) Except as stated above, any payments pursuant to Section 4(b) shall be paid by the Company in regular installments in accordance with the Company’s general payroll practices, and following such payments the Company shall have no
further obligation to the Executive pursuant to this Section 4 except as provided by law. All amounts payable to Executive as compensation hereunder shall be subject to all customary withholding, payroll and other taxes. The Company shall be
entitled to deduct or withhold from any amounts payable to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes imposed with respect to Executive’s compensation or other payments or Executive’s
ownership interest in the Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). 
  
 (e) The Executive hereby agrees that except as expressly
provided herein, no severance compensation of any kind, nature or amount shall be payable to the Executive and except as expressly provided herein, the Executive hereby irrevocably waives any claim for severance compensation. 
  
 (f) Except as provided in Sections 4(b)(i) and 4(b)(ii)
above, all of the Executive’s rights to Benefits hereunder (if any) shall cease upon the termination of the Employment Period. 
  

 5 

 5. Confidential Information. 
  
 (a) Executive acknowledges that the information, observations and data (including trade secrets) obtained by
him while employed by the Company and its Subsidiaries concerning the business or affairs of the Company and its Subsidiaries and the nature and structure of the Acquisition (“Confidential Information”) are the property of the
Company or such Subsidiary. Therefore, Executive agrees that, except as required by law or court order, including, but not limited to, depositions, interrogatories, court testimony, and the like, he shall not disclose to any unauthorized person or
use for his own purposes any Confidential Information without the prior written consent of the Board, unless and to the extent that the Confidential Information becomes generally known to and available for use by the public other than as a result of
Executive’s acts or omissions. Executive shall deliver to the Company at the termination or expiration of the Employment Period, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes,
printouts and software and other documents and data (and copies thereof) embodying or relating to the Confidential Information, Work Product (as defined below) or the business of the Company and its Subsidiaries which he may then possess or have
under his control. 
  
 (b) Except with regard to
disclosures made in connection with the Merger, Executive shall be prohibited from using or disclosing any confidential information or trade secrets that Executive may have learned through any prior employment. If at any time during this employment
with the Company or any Subsidiary, Executive believes he is being asked to engage in work that will, or will be likely to, jeopardize any confidentiality or other obligations Executive may have to former employers, Executive shall immediately
advise the Board so that Executive’s duties can be modified appropriately. 
  
 (c) Executive represents and warrants to the Company that Executive took nothing with him which belonged to any former employer when
Executive left his prior position and that Executive has nothing that contains any information which belongs to any former employer. If at any time Executive discovers this is incorrect, Executive shall promptly return any such materials to
Executive’s former employer. The Company does not want any such materials, and Executive shall not be permitted to use or refer to any such materials in the performance of Executive’s duties hereunder. 
  
 6. Intellectual Property, Inventions and Patents. Executive
acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential
information) and all registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s or any of its Subsidiaries’ actual or
anticipated business, research and development or existing or future products or services and which are conceived, developed or made by Executive (whether above or jointly with others) while employed by the Company or its predecessors and its
Subsidiaries (“Work Product”), belong to the Company or such Subsidiary. Executive shall promptly disclose such Work Product to the Board and, at the Company’s expense, perform all actions reasonably requested by the Board
(whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
  

 6 

 7. Non-Compete, Non-Solicitation. 
  
 (a) In further consideration of the compensation to be paid to Executive hereunder, Executive acknowledges
that during the course of his employment with the Company and its Subsidiaries he shall become familiar, and during his employment with the predecessors of the Company and its Subsidiaries he has become familiar, with the Company’s trade
secrets and with other Confidential Information concerning the Company and its Subsidiaries (and their respective predecessor companies) and that his services have been and shall be of special, unique and extraordinary value to the Company and its
Subsidiaries, and therefore, Executive agrees that, during the Employment Period and thereafter until the end of the Noncompete Period, he shall not directly or indirectly own any interest in, manage, control, participate in, consult with, render
services for, or in any manner engage in any Competing Business within any geographical area in which the Company or its Subsidiaries engage or plan to engage in such businesses. Nothing herein shall prohibit Executive from being a passive owner of
not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation. For purposes of this paragraph, “Competing Business”
means any business activity involving the wholesale distribution of after market specialty automobile parts. 
  
 (b) During the Noncompete Period, Executive shall not directly or indirectly through another person or entity (i) induce or attempt to
induce any executive of the Company or any Subsidiary to leave the employ of the Company or such Subsidiary, or in any way interfere with the relationship between the Company or any Subsidiary and any executive thereof, (ii) hire any person who was
an executive of the Company or any Subsidiary at any time within the one year period before Employee’s termination from employment or (iii) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business
relation of the Company or any Subsidiary to cease doing business with the Company or such Subsidiary, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any
Subsidiary. 
  
 (c) If, at the time of
enforcement of this Section 7, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such
circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the
restrictions contained in this Section 7 are reasonable and that he has reviewed the provisions of this Agreement with his legal counsel. 
  
 (d) In the event of the breach or a threatened breach by Executive of any of the provisions of this Section 7, the Company would suffer
irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order
to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). 
  
 8. Company’s Obligations. Notwithstanding anything in this Agreement to the contrary, the Company shall have the right to satisfy any
obligation owing to Executive 

  

 7 

 
hereunder (including, without limitation, any payment obligation) by causing Keystone or any other Subsidiary of the Company to satisfy such obligation on
behalf of the Company. In the event the Company fails to, or elects not to, satisfy any obligation owing hereunder to Executive, Executive shall have the right to seek satisfaction of such right against Keystone or any other Subsidiary of the
Company. 
  
 9. Executive’s Representations. Executive
hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order,
judgment or decree to which Executive is a party or by which he is bound, (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity and (iii) upon the
execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. EXECUTIVE HEREBY ACKNOWLEDGES AND REPRESENTS THAT HE HAS CONSULTED
WITH INDEPENDENT LEGAL COUNSEL REGARDING HIS RIGHTS AND OBLIGATIONS UNDER THIS AGREEMENT AND THE TERMS OF THE RELEASE ATTACHED AS EXHIBIT A AND THAT HE FULLY UNDERSTANDS THE TERMS AND CONDITIONS CONTAINED HEREIN AND THEREIN. 

 
 10. Survival. This Agreement survives and continues in full force
in accordance with its terms notwithstanding the expiration or termination of the Employment Period. 
  
 11. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by reputable overnight
courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 
  
 Notices to Executive: 
  
 Lawrence Montante 
 c/o Keystone Automotive
Operations, Inc. 
 44 Tunkhannock Avenue 
 Exeter, PA 18643 

			
	 Fax:
	  	(570) 655-8203

  
 Notices to the
Company: 
  
 Keystone Automotive Holdings, Inc. 
 44 Tunkhannock Avenue 
 Exeter, PA 18643

			
	 Attention:
	  	Chief Executive Officer
	 Fax:
	  	(570) 655-8203

  

 8 

 With copies to: 
  

Bain Capital NY, LLC 
 745 Fifth Avenue

 New York, NY 10151 
 Attention:
  Stephen Zide 
 Fax:            (212) 421-2225 
  
 Kirkland & Ellis, LLP 
 153 East 53rd Street 
 New York, NY 10022

 Attention:   Adrian van Schie 
 Fax:            (212) 446-4900 
  
 or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under
this Agreement shall be deemed to have been given when so delivered, sent or mailed. 
  
 12. Complete Agreement. This Agreement, that certain Contribution Agreement, dated as of the date hereof, by and among the Company, Executive and the other investors parties thereto, the Company’s 2003
Executive Stock Option Plan adopted as of the date hereof and any option agreement between the Company and Executive issued thereunder, and those other documents expressly referred to herein embody the complete agreement and understanding among the
parties hereto and supersede and preempt any prior understandings, agreements or representations by or among the parties hereto, written or oral, which may have related to the subject matter hereof in any way. 
  
 13. Counterparts. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
  
 14. Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their
respective heirs, successors and assigns; provided that the services provided by the Executive under this Agreement are of a personal nature and rights and obligations of the Executive under this Agreement shall not be assignable. 
  
 15. Choice of Law. All issues and questions concerning the
construction, validity, enforcement and interpretation of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania, without giving effect to any choice
of law or conflict of law rules or provisions, whether of the Commonwealth of Pennsylvania or otherwise, and the parties hereto hereby irrevocably submit to the jurisdiction of the courts of the Commonwealth of Pennsylvania. 
  
 16. Amendment and Waiver. The provisions of this Agreement may be
amended or waived only with the prior written consent of the Company (as approved by the Board) and Executive, and no course of conduct or course of dealing or failure or delay by any 

  

 9 

 
party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation, the Company’s right to terminate the
Employment Period for Cause) shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 
  
 17. Key Man Life Insurance. The Company may apply for and obtain and maintain a key man life insurance policy in the
name of the Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. The Executive shall submit to physical examinations and answer reasonable questions in
connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy. 
  
 18. Executive’s Cooperation. During the Employment Period and thereafter, Executive shall cooperate with the Company and its Subsidiaries in
any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual
investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents
which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and commitments). In the event the Company requires Executive’s cooperation in
accordance with this section after the termination of the Employment Period, the Company shall reimburse Executive for all of his reasonable costs and expenses incurred, in connection therewith, plus pay Executive a reasonable amount per day for his
time spent. 
  
 * * * * * 
  

 10 

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

			
	KEYSTONE AUTOMOTIVE HOLDINGS, INC.
		
	By:	 	/s/    ROBERT VOR
BROKER        
	 Name:
	 	Robert Vor Broker
	 Title:
	 	President
		
	 	 	/s/    LAWRENCE
MONTANTE.        
	LAWRENCE MONTANTE.

  

 11 

  
 Exhibit A 

 
 RELEASE AND NON-DISPARAGEMENT AGREEMENT 
  
 I,
[                            ], in consideration of and subject to the performance by
                                        ,
a                                         
(together with its subsidiaries, the “Company”), of its material obligations under the Employment Agreement, dated as of
[                            ] (the “Agreement”), do hereby release and forever
discharge as of the date hereof the Company and all present and former directors, officers, agents, representatives, Executives, successors and assigns of the Company and its direct or indirect owners (collectively, the “Released
Parties”) to the extent provided below. 
  

	1.	Except as provided in paragraph 2 below, I knowingly and voluntarily release and forever discharge the Released Parties from any and all claims, controversies, actions, causes of
action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity,
both past and present (through the date hereof) and whether known or unknown, suspected, or claimed against any of the Released Parties which I, or any of my heirs, executors, administrators or assigns, may have, which arise out of or are connected
with my employment with, or my separation from, the Company (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age
Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Civil Rights
Act of 1866, as amended; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or
under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices
or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of
the foregoing collectively referred to herein as the “Claims”). 

  

	2.	I agree that this Release does not waive or release any rights or claims that I may have under: the Age Discrimination in Employment Act of 1967 which arise after the date I execute
this Release; claims for enforcement of Section 4(b) of the Agreement; claims for benefits under any employee benefit plan maintained by the Company; claims for indemnification and defense as deferred in Section 3(h); or claims for unemployment or
worker’s compensation as provided by law. 

  

	3.	 I acknowledge and intend that this Release shall be effective as a bar and shall serve as a complete defense to each and every one of the Claims and that it shall
be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state statute that 

  

 A-1 

	 	 
expressly limits the effectiveness of a release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims
hereinabove mentioned or implied. 

  

	4.	I represent that I have not made any assignment or transfer of any Claim. I agree that neither this Release, nor the furnishing of the consideration for this Release, shall be
deemed or construed at any time to be an admission by the Company or any Released Party of any improper or unlawful conduct. I agree that this Release is confidential and agree not to disclose any information regarding the terms of this Release,
except to my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to anyone. 

 

	5.	Each provision of this Release shall be interpreted in such manner as to be effective and valid under applicable law and any provision of this Release held to be invalid, illegal or
unenforceable in any respect shall be severable. This Release cannot be amended except in a writing duly executed by the Company and me. 

  

	6.	The Company (meaning, solely for this purpose, the Company’s directors and executive officers and other individuals authorized to make official communications on the
Company’s behalf) will not disparage Executive or Executive’s performance or otherwise take any action which could reasonably be expected to adversely affect Executive’s personal or professional reputation. Similarly, Executive will
not disparage Company or any of the directors and executives, officers and other individuals authorized to make official communications on the Company’s behalf or otherwise take any action which could reasonably be expected to adversely affect
the personal or professional reputation of the Company or any of its directors, executive officers of other individuals authorized to make official communications on the Company’s behalf. 

  
 I UNDERSTAND THAT I HAVE 21 DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT
THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 
  

									
	 	 	 	 	 Keystone Automotive Holdings, Inc.

				
	 DATE:
	 	 _____________________
	 	 	 	 
					
	 	 	 	 	 	 	By:	 	 

  

 A-2 

 Exhibit B 
  

Certain Perquisites 
  

 B-1Lease agreement for the Midwest warehouse

 Exhibit 10.20 
  
 LEASE AGREEMENT 
  
 THIS LEASE (“Lease”) made and entered into as of the 7 day of July, 1999, by and between PRIME INVESTMENTS, INC., a Kansas
corporation, (“Landlord”), and KEYSTONE AUTOMOTIVE OPERATIONS MIDWEST, INC., a Delaware corporation, (“Tenant”). 
  
  
 WITNESSETH 
  
 In consideration of the mutual covenants and agreements hereinafter set
forth, and with intent to be legally bound, Landlord and Tenant agree and covenant as follows: 
  
  
 ARTICLE 1—DEMISE OF PREMISES, USE AND ENJOYMENT; 
 CONSTRUCTION OF IMPROVEMENTS 
  
 Section 1.01 Description of Premises. Subject to and upon the terms, conditions, covenants and undertakings hereinafter set forth, Landlord does
hereby demise and lease to Tenant, and Tenant does hereby lease from Landlord, a portion of the real property located at Shawnee and Armourdale Parkway, in the City of Kansas City, State of Kansas, more specifically described as approximately
162,750 square feet of warehouse/cross dock facility to be constructed by Landlord pursuant to Section 1.05 below (the “Improvements”), and together with all easements, privileges, appurtenances, rights, alleys, ways, waters and advantages
belonging or appertaining to such Land and Improvements (the foregoing, together with the Land and Improvements, are collectively called the “Premises”). Tenant shall have exclusive use of the Premises, subject to Landlord’s rights
under this Lease. 
  
 Section 1.02 Use. The Premises may be
used as a warehouse, a distribution center, an office, for the parking of motor trucks and trailers and other motor vehicles, and for any other 

 
purpose incidental to such uses. Tenant’s activities on the Premises will not be in violation of any laws or ordinances or any rules, regulations,
requirements or orders of all municipal, county, state or federal authorities or agencies, respecting the use and occupancy of the Premises. 
  
 Section 1.03 Quiet Enjoyment. Landlord covenants and agrees that upon Tenant paying all rent and additional rent as provided herein and performing
all of the covenants and conditions herein set forth, Tenant shall and may peaceably and quietly have, hold and enjoy the Premises hereby demised for the term or terms herein provided and for the intended uses and purposes, subject nevertheless to
the provisions of this Lease. Landlord represents and warrants that the Premises are and will remain zoned so as to allow the full use by Tenant referred to in Section 1.02 above, and if such full use is substantially impaired as a result of a
zoning requirement this Lease shall, at Tenant’s option, terminate. 
  
 Section 1.04 Condition of Premises. Landlord represents that at the time Tenant takes possession, it will own the Premises in fee simple and shall have the right to Lease the same to Tenant. Landlord agrees to
deliver to Tenant the Premises free from tenancy of any person or party other than Tenant. 
  
 Section 1.05 Construction of the Improvements. 
  
 (a) As used in this Section 1.05, the following terms shall have the following meanings: 
  
 “Basic Construction” a one hundred, sixty-two
thousand, seven hundred fifty (162,750) square foot general purpose warehouse/cross dock facility, to be constructed by Landlord on the Land, together with paving, landscaping, and driveway entrance, all as more fully described in the Plans and as
more fully shown on the Site Plan. 
  
  

 2 

 “Certificate of Occupancy” means a certificate or permit issued by the
appropriate governmental agency permitting Tenant to occupy and use the Premises for the purposes described in Section 1.02 above. 
  
 “Excusable Delays” means delays (whether affecting Landlord or Tenant, as the case may be, directly, or any contractor or
subcontractor of Landlord or Tenant) caused by fire, the elements, strikes, lockouts, or other labor troubles including the timely delivery of all building materials, or any other cause, event, or circumstance, whether similar or dissimilar to the
foregoing, beyond the control of Landlord or Tenant or their respective contractors or subcontractors, as the case may be. 
  
 “Plans” means the set of construction plans and specifications for the Basic Construction described on those certain Plans which
shall be initialed by both parties and attached hereto and made a part hereof and labeled as Exhibit A. The plans shall include a 162,750 square foot building of which the Tenant shall initially occupy. 
  
 “Site Plan” means the site plan for the Premises, a
copy of which is attached hereto as a part hereof and labeled Exhibit B. 
  
 (b) Landlord has commenced the basic construction on the Land and thereafter shall use its best efforts to complete the Basic Construction substantially in accordance with the Plans and the Site Plan no later than
February 1, 2000. If the Basic Construction is delayed due to an Excusable Delay, Landlord shall give notice to Tenant of the estimated date of completion. The Basic Construction shall be deemed completed on the date that the Basic Construction has
been completed substantially in accordance with the Plans and the Site Plan and a Certificate of Occupancy is issued for the Premises. Landlord shall give Tenant written notice of the date on 
  
  

 3 

 
which Landlord estimates the foregoing conditions will be met, which notice shall be given no less than ten (10) days prior to the estimated date set forth
therein; it is agreed, however, that any variance between the estimated date in such notice and the actual completion date shall not constitute a default by Landlord hereunder. 
  
 (c) If Tenant takes possession of the Premises and begins operation of its business thereon prior to
completion of the Basic Construction, such possession and operation shall not relieve Landlord of the obligation to complete the Basic Construction. Furthermore, Landlord shall be obligated to complete any items of the Basic Construction not
completed at the time the Basic Construction is otherwise considered completed pursuant to the terms of this Lease. In either of the circumstances described in this paragraph (c), Tenant agrees to cooperate with Landlord to allow it to complete the
Basic Construction. 
  
 (d) Landlord shall
complete the Basic Construction at its sole cost and expense free of liens, in a good and workmanlike manner, and in accordance with all applicable laws, regulations, ordinances, codes, and rules of all applicable governmental agencies. Landlord, at
its sole cost and expense, shall obtain all necessary building permits, utility permits, construction permits, certificate of occupancy and any and all other permits, licenses, and approvals required by applicable laws, regulations, ordinances,
codes, and rules with respect to the construction of the Basic Construction. 
  
 (e) During construction of the Basic Construction, Landlord shall procure and maintain in full force and effect, at its sole cost and expense, a policy of builder’s risk insurance covering the Basic Construction.
Such insurance shall be in an amount and shall be issued by a company licensed and approved to conduct business in the state of Kansas. Prior to commencement of construction of the Basic Construction, Landlord shall deliver to Tenant a 

 

 4 

 
certificate evidencing the issuance of such insurance pursuant to which certificate the insurance company shall agree that such insurance shall not be
canceled, terminated or materially altered without at least thirty (30) days prior written notice to Tenant. If the Basic Construction is damaged or destroyed by fire, the elements, accident, or otherwise, Landlord shall, at its sole cost and
expense and regardless of whether such casualty is covered by the insurance policy described in this paragraph (e), cause the Basic Construction to be completed as required in this Section 1.05; however, such event shall be deemed to be an Excusable
Delay and the date set forth herein for completion of the Basic Construction shall be extended to afford Landlord the necessary time to complete the Basic Construction. 
  
 (f) Landlord shall prosecute the construction of the Basic Construction with due diligence, but due
allowance shall be made for interruptions and delays based on Excusable Delays. Nothing in this Section 1.05 shall require Landlord to incur overtime charges or premium pay to complete the Basic Construction, nor shall the incurring of the same be
deemed an element of Landlord’s due diligence. 
  
 (g) The Basic Construction, once completed in accordance with this Section 1.05, shall constitute the “Improvements” defined in this Lease. 
  

(h) Tenant shall construct its own offices on the Premises at its own expense. Landlord shall credit the sum of $148,000.00 to Tenant
by the abatement of rent from the beginning of the Lease term until full credit for such amount has been credited, to be used for such construction. Tenant agrees to submit plans and specifications for Landlord’s approval prior to the
commencement of construction. Landlord shall not withhold its consent unreasonably, however, Tenant may only build such offices after approval of plans and specifications by Landlord. Tenant shall build such offices in a good and workmanlike manner,
at least consistent 
  

 5 

 
in quality with the rest of the Premises. Tenant shall not allow liens to be placed on the Premises and will promptly settle all disputes with
contractors/subcontractors or materialmen immediately or file an appropriate bond to remove or prevent a lien against the Premises. Tenant will obtain appropriate permits for such construction and will comply with all laws, ordinances, codes and
rules with regard to such construction. 
  
 Section 1.06
Expansion Space. Tenant may also give notice to Landlord at any time during the first five (5) years of the Lease term, that it desires that Landlord expand the existing premises to include 115,500 additional square feet to be connected to
the original structure by a 30’ wide, 50’ long covered walkway. This notice shall be given in writing to Landlord. Tenant must agree to occupy the expanded space upon the giving of notice. Landlord shall have nine (9) months within which
to complete such expansion. The requirements for construction shall be the same as agreed upon herein for the initial construction. Tenant shall occupy the expanded space immediately upon completion of construction. The same terms and conditions of
the Lease including all renewal options thereof, shall apply to the expanded space. Rent shall convene upon occupancy by Tenant. It is agreed between Landlord and Tenant that any renewal of this Lease term after the expansion space has been
completed and occupied by Tenant, shall include such expansion space. 
  
 Notwithstanding the above, Landlord shall have the right to expand the existing structure on its own without the request of Tenant for up to an additional 115,500 square feet at any time during the Lease term. Provided, however, Tenant
shall not be required to occupy such space unless Tenant shall give Landlord ninety (90) days written notice of its intent to occupy such expanded Premises. Tenant’s right to occupy the expanded Premises whether built by Landlord under its own
initiative or as a result of Tenant’s election hereunder, shall expire upon the 
  

 6 

 
completion of the first five (5) years of the Lease term. In the event Tenant shall occupy the expanded space, Landlord and Tenant agree to execute an
appropriate addendum to Lease Agreement setting out the terms and conditions of the expanded space and the occupancy thereof, such terms and conditions, where applicable, being the same as those in the original Lease. Tenant shall be given first
right of refusal to lease the expanded space after the expiration of the five (5) year period should it become available during the lease term. 
  
 ARTICLE II—TERM 
  
 Section 2.01 Initial Term. The initial term of this Lease (the “Initial Term”) shall be ten (10) years, commencing on the 1st day of February, 2000, or the date of occupancy by Tenant defined as the date of the issuance of a temporary occupancy permit,
(“Commencement Date”) and ending at 11:59 p.m. local time on the day before the date that is ten (10) years from the Commencement Date, unless sooner terminated or renewed pursuant to the provisions hereof. Once the Commencement Date has
been determined, Landlord and Tenant shall execute a letter or other written instrument confirming the Commencement Date. 
  
 Section 2.02 Renewal Term. Upon expiration of the Initial Term, Tenant shall have the option (provided Tenant is not then in default) to renew this
Lease for two additional terms of five (5) years each, commencing on the date that is ten (10) years from the Commencement Date, or five (5) years from the first renewal date, whichever shall apply, and ending (unless sooner terminated or renewed
pursuant to the provisions hereof) at 11:59 p.m. local time on the day before the date that is five (5) years from the Commencement Date of each renewal term, (the “Renewal Term”). Tenant shall exercise its option to renew this Lease as
provided above by giving Landlord written notice of its election to renew this Lease no later than the date that is 120 days prior to the expiration of the Initial Term or 120 days prior to the expiration of the first 
  
  

 7 

 
renewal term. All of the terms and conditions of this Lease shall apply to each of the Renewal Terms, except that Tenant shall have no rights to renew this
Lease, beyond the two renewal terms. All references in this Lease to the “Term” shall be deemed to include the Initial Term and each Renewal Term, unless the context indicates otherwise. 
  
 Section 2.03 Lease Year Defined. As used in this Lease, “Lease
Year” means the period of twelve (12) consecutive calendar months commencing on the Commencement Date and ending on the day before the date that is one (1) year from the Commencement Date, and each corresponding twelve (12) month period
thereafter throughout the balance of the Term. 
  
 Section 2.04.
In the event Tenant shall lease another building larger than the premises from Landlord, this lease shall cease on the date the lease on the different structure shall commence. 
  
 ARTICLE III—RENT 
  

Section 3.01 Rent During Term. Tenant covenants and agrees to pay to Landlord for the use and occupancy of the Premises during the Term the
following monthly amount during each year of the Initial Term: 
  
 Years 1 through 5—$3.42 per square foot/year 
  
 Years 6 through 10—$3.75 per square foot/year 
  
 Section 3.02 Rent During Renewal Term. Tenant shall receive two (2) options to extend the term of this Lease for an
additional five (5) years each under the same terms and conditions hereof, except that the base rental rate shall be an additional .35¢ per square foot/year for each renewal period.. 
  
 Section 3.03 Payment of Rent. Rent is due in advance on the 1st calendar day for each
month during the Term at the office of Landlord or at such other place or address as Landlord may 
  

 8 

 
hereafter designate in writing. Landlord agrees to send a monthly billing statement to Tenant at least 30 days prior to due date. 
  
 Section 3.04 Security Deposit. Tenant agrees to deposit on the date
hereof the sum of $42,750.00 in cash or irrevocable letter of credit in favor of Landlord, which sum shall be held by Landlord without obligation for interest as security for the performance of Tenant’s covenants and obligations under this
Lease. It is expressly understood that such deposit is not an advanced rental deposit or a measure of Tenant’s damages in case of Tenant’s default. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time,
without prejudice to any other remedy provided for herein or provided by law, use such funds to the extent necessary to make good any such default, or any damage, expense or liability caused by such default and Tenant shall promptly pay to Landlord
on demand the amount as applied in order to restore the security deposit to its original amount. Failure of Tenant to restore the security deposit as set forth above, within ten (10) days from demand by Landlord, shall constitute an act of default
under this Lease. If Tenant is not then in default hereunder, the balance of such deposit shall be returned by Landlord to Tenant within 60 days after expiration or termination of this Lease and return of the Premises to Landlord in accordance with
the terms hereof. 
  
 ARTICLE IV—IMPOSITIONS

  
 Section 4.01 Real Estate Taxes. Landlord agrees to
pay all taxes, impositions, assessments, general and special and payments in lieu of taxes, and all other impositions, that may be levied or assessed against the premises occurring from and after the commencement date and thereafter, throughout the
term or any extension thereof. 
  
 Section 4.02 Increase in
Real Estate Taxes and Special Assessments. In the event the real estate taxes and installments of special assessments, payable with respect to the Premises during 

  

 9 

 
any Lease Year shall be greater than the amount of such taxes and installments due and payable during the base year of 2000, in the amount levied in
December, 2000, or the first fully assessed year, whether by reason of an increase in tax rate or an increase in valuation or otherwise, Tenant shall pay the full amount of such increase as additional rent within thirty (30) days after notice to
Tenant that the same is due. Landlord shall furnish tax bills and other statements to Tenant in sufficient time so that Tenant may pay its portion of any such bills and statements if any, without penalty or loss of discount. For any partial year
occupancy by Tenant, the amount due shall be appropriately prorated for the portion of the year the Tenant shall occupy the Premises. 
  
 Section 4.03 Right to Contest. Tenant shall have the right to contest all taxes, assessments, impositions, and charges levied against the Premises,
and Landlord agrees to join in such contest, if required by law, and to permit Tenant to contest the same in Landlord’s name; provided, however, that Tenant shall bear the cost of any such contest, and provided further that Tenant shall take
all reasonable steps necessary to ensure that Landlord’s interest in the Premises shall not be subject to lien or forfeiture as a result of such contest. Landlord shall immediately send Tenant notice of any increase in the assessment of the
Premises. 
  
 Section 4.04 Personal Property Taxes. Tenant
agrees to pay all personal property taxes levied or assessed on all items of personal property, machinery, and equipment placed on or installed in the Premises by Tenant during the Term. 
  
 ARTICLE V—CONDITION OF THE PREMISES 
  
 Section 5.01 Condition. Landlord covenants, warrants, and represents to Tenant that on the Commencement Date (a) the
Improvements shall be broom clean, (b) all of the building systems in the Improvements (including, but not limited to, the water and sewer system, the electrical system, and the heating, ventilation, and air conditioning system) shall be operable
and 

  

 10 

 in a state of good order and repair, and (c) the structure of the Improvements (including, but not limited to, the walls,
foundation, and roof) shall be in a state of good repair.  
  
  
 ARTICLE VI—ALTERATIONS AND IMPROVEMENTS 
  
 Section 6.01 Construction of Improvements. Tenant shall have the right during the Term, at its own cost and expense, to erect a sign or signs upon
the Premises. Tenant may make, at its sole cost and expense, any and all remodeling, paving, fencing, and construction changes and improvements to the Premises, unless the cost of such changes or improvements exceeds $10,000.00, in which case Tenant
must obtain the prior written consent of Landlord, which consent shall not be unreasonably withheld. 
  
 Section 6.02 Compliance. Any removals, additions, alternations, paving, fencing, or improvements shall be in compliance with all applicable permits
and authorizations, with all building and zoning laws and with all other laws, ordinances, orders, rules, regulations and requirements of all federal, state and municipal governments. 
  
 Section 6.03 Liens. Any alterations or construction performed by Tenant shall be the obligation of and paid for by
Tenant so that the Premises shall at all times be free of liens except as herein provided. Should any lien be filed as a result of alterations or construction performed by Tenant, Tenant agrees either to cause the same to be removed within sixty
(60) days after the date of filing or furnish Landlord with a surety bond securing Landlord against any payment which may thereafter be required to be paid in order to have such lien canceled or discharged of record. Any such bond shall be in the
amount of the lien, plus a reasonable amount in excess thereof to cover the interest and other anticipated cost and expenses which may be incurred in connection with the cancellation and discharge of any such lien. 
  

 11 

 Section 6.04 Title to Improvements. The parties agree that during the Term and until the
expiration or termination thereof Tenant shall have title to all alterations or improvements constructed by Tenant on the Premises. At the expiration or termination of this Lease or any renewals thereof, Tenant shall have the option or right to
remove all property of Tenant and all additions or improvements made by Tenant; if Tenant elects to so remove any such property, Tenant shall repair all damage to the Premises caused by such removal and restore the Premises to a useable condition.
Landlord may instruct Tenant to remove or restore all additions and improvements. Any property or improvement not so removed shall be deemed to automatically pass to Landlord and Tenant agrees to execute any documents reasonably requested by
Landlord to evidence the transfer of title. 
  
 ARTICLE
VII—SUBORDINATION, NON-DISTURBANCE AND  
 NON-SUBORDINATION 
  
 Section 7.01 Subordination and Non-Disturbance. This Lease is and
shall remain subordinate to any mortgage or deed of trust currently encumbering Landlord’s fee interest in the premises or any mortgage or deed of trust that shall subsequently encumber Landlord’s fee interest in the premises during the
term of this Lease Agreement, (a “Mortgage”); provided, however, that as long as Tenant is not in default under this Lease the holder of such Mortgage will not, unless required by applicable law to perfect its foreclosure, name or join
Tenant as a party defendant in any suit, action or proceeding, nor will this Lease be terminated or otherwise affected by the enforcement of rights given to such holder pursuant to the terms and conditions contained in such Mortgage or other
documents held by such holder. Tenant agrees to execute such documents confirming the provisions of this Section 7.01 as may be reasonably requested by Landlord. 
  

 12 

 Section 7.02 Non-Subordination of Fee Interest. Notwithstanding any other provision of this Lease,
Tenant shall not have the power or right to subject Landlord’s title or interest in or to the Premises to any mechanics or materialman’s lien, nor shall any provision of this Lease be construed so as to permit Tenant to encumber the title
or interest of Landlord in or to the Premises or under this Lease and all liens on Landlord’s title or interest for or on account of any improvement made by Tenant or anyone claiming by, through or under Tenant is hereby expressly prohibited.

  
  
 ARTICLE VIII—MAINTENANCE AND REPAIRS 
  
 Section 8.01 Maintenance and Repairs. During the Term, Tenant covenants, at Tenant’s sole cost and expense, to maintain and take care of the Premises, including but not limited to the following items in
the Premises; 1) HVAC; (2) snow removal; (3) landscaping; (4) lamps in and out; (5) dock levelers; (6) dock doors; (7) sprinkler system; (8) parking lot surface; (9) plumbing; (10) floor; and (11) all other items not specifically the responsibility
of the Landlord. Provided however, nothing herein shall make Landlord responsible to pay for any repairs, maintenance or replacement of the Premises or any appurtenances thereto when such damage or destruction is caused by the negligence of Tenant
or Tenant’s employees, invitees or by Tenant’s use and occupancy of the Premises over and above normal wear and tear of the Premises. Tenant shall be responsible for all other interior maintenance including but not limited to janitorial
and general upkeep. Tenant shall have sole responsibility for the wiring and maintenance of all of its equipment. 
  
 Section 8.02 Landlord’s Responsibility. During the Term, Landlord covenants, at Landlord’s sole cost and expense, to make all structural
repairs, including (but not limited to) walls, the roof, and the exterior water and sewer systems in the Premises; provided, however, that 
  

 13 

 any repairs or replacements to any damage to exterior water and sewer systems caused by the negligence or intentional
acts of Tenant or Tenant’s agents or employees shall be the responsibility of Tenant. Landlord further covenants at Landlord’s sole cost and expense that all property management fees either in place or contemplated are Landlord’s
responsibility. 
  
  
 ARTICLE IX—INSURANCE 
  
 Section 9.01 Fire and Extended Coverage Insurance. Landlord, during the Term, shall carry and maintain fire and extended coverage insurance covering the Improvements against loss or damage in an amount not less than the full
replacement value of the Premises. Landlord and Tenant hereby mutually release each other from liability and waive all rights of recovery against each other for any loss from perils insured against under a standard fire insurance policy with
extended coverage endorsements; provided that this sentence shall be inapplicable if it would have the effect, but only to the extent that it would have the effect, of invalidating any insurance coverage of Landlord or Tenant. Provided however, in
the event the insurance to be provided by Landlord hereunder shall increase in cost over and above the cost of such insurance during the base year of this Lease, (2000), Tenant agrees to pay the full amount of such increase. Landlord shall furnish
sufficient evidence of such increase to Tenant and bill Tenant its share of such increase immediately upon receipt of its insurance statement or bill which evidence same. 
  
 Section 9.02 General Liability Insurance. Landlord, , during the Term, shall carry and maintain comprehensive public
liability insurance, including property damage, insuring Landlord and Tenant against liability for injuries to persons or property occurring in or about the Premises or arising out of the maintenance, use or occupancy thereof, except for such damage
or injury caused by Tenant’s negligence, or willful act or omission. Tenant shall carry and maintain such liability insurance coverage in the amount of One Million and No/100 Dollars ($1,000,000.00) 
  

 14 

 combined single limit or more naming Landlord as additional insured, as its interests may appear. Tenant to supply
Landlord with an original of such insurance policy or certificate with such insurance policy containing a right of noncancellation by the company without thirty (30) days prior written notice to Landlord of such intent to cancel. Provided however,
in the event the insurance to be provided by Landlord hereunder shall increase in cost over and above the cost of such insurance during the base year of this Lease, (2000), Tenant agrees to pay the full amount of such increase. Landlord shall
furnish sufficient evidence of such increase to Tenant and bill Tenant its share of such increase immediately upon receipt of its insurance statement or bill which evidence same. 
  
 Section 9.03 Waiver of Subrogation. As part of the consideration for this Lease, each of the parties hereby releases
the other party hereto from all liability for damage due to any act or neglect of the other party (except as hereinafter provided) occasioned to property owned by said parties which is or might be incident to or the result of a fire or any other
casualty against loss for which either of the parties is now carrying or hereafter may carry insurance; provided, however, that the releases herein contained shall not apply to any loss or damage occasioned by intentional acts of either of the
parties hereto, and the parties hereto further covenant that any insurance they obtain on their respective properties shall contain an appropriate provision hereby the insurance company, or companies, consent to the mutual release of liability
contained in this paragraph. 
  
  
 ARTICLE X—INDEMNIFICATION 
  
 Section 10.1 Indemnification of Landlord. Tenant agrees to indemnify, defend, protect and hold harmless Landlord, its directors, officers,
employees, agents, attorneys, successors or assigns, from and against any and all liabilities, obligations, claims, damages, costs and expenses 
  

 15 

 
(including reasonable attorney’s fees) incurred by or asserted against Landlord by reason of (i) any injury to or death of persons or loss of or damage
to property occurring during the Term on or about the Premises or the adjoining sidewalks or streets, and (ii) any failure on the part of Tenant to perform or comply with any of the terms of this Lease, unless such injury, death, damage, or failure
is caused by Landlord’s negligence or willful act or omission. 
  
 Section 10.2 Indemnification of Tenant. Landlord agrees to indemnify, defend, protect and hold harmless Tenant and its partners and their respective partners, directors, officers, employees, agents, attorneys, successors and assigns
from and against any and all liabilities, obligations, claims, damages, costs and expenses (including reasonable attorney’s fees) incurred by or asserted against Tenant by reason of (a) any negligence or willful act or omission on the part of
Landlord or Landlord’s agents or employees, or (b) any failure on the part of Landlord to perform or comply with any of the terms of this Lease, unless such injury, death, danger or failure is caused by Tenant’s negligence or willful act
or omission. 
  
  
 ARTICLE XI—UTILITIES 
  
 Section 11.01 Utilities. Tenant shall pay or cause to be paid all charges, if any, for gas, water, sewer, electricity, heat, air conditioning, telephone or other utility or service used or rendered in connection with the Premises
throughout the Term of this Lease. 
  
  
 ARTICLE XII—DAMAGE OR DESTRUCTION 
  
 Section 12.01 Not Wholly Untenantable. If during the Term the Improvements are damaged by fire, the elements, accident or other casualty (any of
such causes being referred to herein as “Casualty”), but the Improvements shall not thereby be rendered wholly or partially untenantable, Landlord shall promptly cause such damage to be repaired and there shall be no abatement of rent. If,
as a result of a Casualty during the Term, the Improvements shall be 

  

 16 

 
rendered wholly or partially untenantable, then, subject to the provisions of Section 12.02, Landlord shall cause such damage to be repaired and, provided
such damage is not caused by the negligence of Tenant, all rental shall be abated proportionately as to the portion of the Improvements rendered untenantable during the period of such untenantability; provided, however, that Landlord shall not be
obligated to repair such damage if such damage cannot be repaired within ninety (90) days, and if such damage occurs in the last year of the Term. All such repairs shall be made at the expense of Landlord; provided, however, Tenant agrees to make
any proceeds of the insurance policy described in Section 9.01 above available to Landlord for the purpose of paying for such repairs. Landlord shall not be liable for interruption to Tenant’s business. 
  
 Section 12.02 Wholly Untenantable. If, as a result of a Casualty
during the Term, the Improvements are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Tenant’s insurance, or (c) damaged or destroyed in whole or in part during the last year of the then current
Term of this Lease, Tenant or Landlord may elect to terminate this Lease by giving notice of such election to the other party within ninety (90) days after the occurrence of such Casualty. If such notice is given, the rights and obligations of the
parties shall cease as of the date of such notice, and rental shall be adjusted as of the date of such Casualty. 
  
 ARTICLE XIII—CONDEMNATION 
  
 Section 13.01 Partial Taking. If any part of the Premises shall be taken or condemned for any public use by any legally constituted authority by
right of eminent domain and a part thereof remains which (in Tenant’s judgment) is suitable for the full conduct of Tenant’s business, this Lease as to the part to be taken shall terminate as of the date title shall vest in the condemner
(or such earlier date on which possession of the Premises must be given to the condemner, Landlord 

  

 17 

 
shall promptly restore the portion of the Premises not taken, and the rent payable hereunder shall be adjusted equitably. If the aforementioned taking
renders the remainder of the Premises unsuitable for Tenant’s use, Tenant may terminate this Lease as of the date when Tenant determines that the Premises is unsuitable for Tenant’s use by giving notice to that effect within thirty (30)
days after such determination. 
  
 Section 13.02 Total
Taking. If all or substantially all of the Premises are taken or condemned or so much thereof that the use by Tenant shall be substantially impaired, this Lease shall terminate. All compensation awarded or granted shall be divided so that the
part of the award with respect to the fee portion of the Premises owned by Landlord shall go to Landlord and tat part of the award with respect to the improvements to the Premises and leasehold interest of Tenant shall go to Tenant. Notwithstanding
the provisions herein, Tenant shall have the right to make a separate claim with the condemning authority for the value of Tenant’s trade fixtures and relations expenses. 
  
 Section 13.03 Fully Informed. In the event of any taking, the parties agree to keep each other fully informed
concerning the progress of the proceedings and of any negotiations in connection therewith. Both parties shall have the right, at their sole cost and expense, to participate in such proceedings and negotiations and both parties and their attorneys
shall consult and cooperate with each other in connection therewith and furnish to each other copies of all papers and documents served and received in connection therewith. Both Landlord and Tenant shall have the right on written notice to the
other to institute any action or proceeding or if any action or proceeding is pending to intervene therein and to continue therewith to obtain the largest award possible. 
  

 18 

 ARTICLE XIV—ASSIGNMENT AND SUBLETTING 
  
 Section 14.01 Assignment and Subletting. Tenant may not assign this
Lease or sublet the Premises in whole or in part, to an affiliate or subsidiary of Tenant, without prior written consent of Landlord, such consent not to be unreasonably withheld. In the event of any such assignment or sublease, Tenant shall remain
liable for the payment of rent and for the full performance of all of the terms and conditions to be observed by Tenant under this Lease, unless Landlord agrees in writing to release Tenant. 
  
  
 ARTICLE XV—FIXTURES AND TRADE FIXTURES 
  
 Section 15.01 Fixtures and Trade Fixtures. It is expressly understood and agreed that any and all signs, fixtures, trade fixtures, machinery, fencing, furniture, appliances, and equipment erected or installed by Tenant, whether or
not attached to the Premises, shall remain the property of Tenant and may be removed by Tenant at or before the expiration of this Lease and any renewals thereof, including the period of any “holding over”, provided Tenant repairs all
damage in a good and workmanlike manner which may be caused by an such removal. Any such property not removed prior to the end of this Lease shall become the property of Landlord, unless Landlord gives written notice to Tenant requiring the removal
thereof, in which event Tenant agrees to remove same before this Lease expires and to repair all damaged caused by such removal. 
  
  
 ARTICLE XVI—DEFAULT 
  
 Section 16.01 Tenant’s Default. Tenant agrees that one or more of
the following events shall be considered “Events of Default” as said term is used herein: 
  
 (a) Tenant shall be adjudged an involuntary bankrupt or a decree or order approving as properly filed a petition or answer filed against Tenant asking for
reorganization of Tenant 

  

 19 

 
under the Federal Bankruptcy Law as now or hereafter amended, or under the laws of any state, shall be entered and such decree, judgment or order shall not
have been vacated or set aside within sixty (60) days from the date of the entry or granting thereof, or 
  
 (b) Tenant shall institute an proceeding or give its consent to the institution of any proceedings for the relief of Tenant under any bankruptcy or
insolvency laws; or 
  
 (c) Tenant shall make any assignment for
the benefit of creditors or shall apply for or consent to the appointment of a receiver for Tenant; or 
  
 (d) Tenant shall default in any monthly payments of rent for 3 days or in any other payment required to be made by Tenant hereunder when due as herein
provided ; or 
  
 (e) Tenant shall default in any of the other
covenants and agreements herein contained to be kept, observed and performed by Tenant and such default shall continue for thirty (30) days after Tenant receives written notice thereof, unless the default is of such nature that it cannot be cured
within such thirty (30) day period, in which case no Event of Default shall occur so long as Tenant shall commence the curing of the default within such thirty (30) day period and shall thereafter diligently prosecute the curing of same. 

 
 Section 16.02 Remedies Upon Default. 
  
 (a) Upon the occurrence of any one or more of such Events of Default,
Landlord may lawfully re-enter the Premises or any part thereof and repossess the same as the former estate of Landlord and expel Tenant and those claiming under and through it and remove its effects without being deemed guilty of any manner of
trespass and without prejudice to any remedies which might otherwise be used for arrears of rent, and upon entry as aforesaid, this Lease shall terminate and Tenant covenants that in case of such termination, Tenant will pay Landlord any and all
loss of 

  

 20 

 rent which Landlord shall have incurred by reason of such default on the part of Tenant, plus any reasonable attorney
fees and disbursements. 
  
 (b) Landlord shall mitigate its
damages by making reasonable efforts to relet the Premises on reasonable terms. Landlord may relet for a shorter or longer period of time than the Term and make any necessary repairs or alterations. If Landlord relets for a period of time longer
than the current Term, then any special concessions given to the new tenant shall be allocated throughout the entire reletting term and not unduly reduce the amount of consideration received by Landlord during the remaining period of Tenant’s
Term. 
  
 Section 16.03 Landlord’s Default.
Landlord’s failure to perform or observe any of its Lease obligations after a period of thirty (30) days after Landlord receives written notice from Tenant shall be a Landlord Default, unless Landlord is diligent in its effort to cure such
Default, or if such Default cannot be reasonably cured in thirty (30) days. In such event, Landlord shall have a reasonable time to cure such Default. Tenant’s notice to Landlord of a possible Landlord Default shall include reasonable detail
describing the nature and extent of such failure and shall identify the Lease provision(s) containing the obligation(s). Upon the happening of a Landlord Default, Tenant shall have the right, but not the obligation, to perform Landlord’s
obligations and deduct any cost incurred by Tenant from the rent due hereunder. In addition, Tenant may pursue any other legal or equitable remedies, including terminating this Lease. 
  
  
 ARTICLE XVII—HOLDING OVER

  
 Section 17.01 Holding Over. Any “holding
over” by Tenant after the expiration of the Term shall be construed as a month-to-month extension and such tenancy may be terminated by either party upon thirty (30) days written notice given to the other party. Rent during such period

  

 21 

 shall be equal to 125% to the last month’s rent under the then current Term of this Lease and all other obligations
shall continue. 
  
  
 ARTICLE XVIII—ACCESS 
  
 Section 18.01 Access. Landlord (a) shall have access to the Premises during normal business hours upon reasonable prior notice to Tenant for the purpose of inspection and to exhibit the Premises to prospective tenants or purchasers
therefor, and (b) may at any time within six (6) months prior to the expiration of the Term display in a conspicuous place on the Premises not more than two “Real Estate for Rent” or “Real Estate for Sale” signs, each not to
exceed twenty (20) square feet in size, and Tenant agrees that no employee or agent of Tenant will interfere with such signs when so placed. Landlord agrees that it shall exercise its rights under this Section 18.01 so as not to interfere with the
operation of Tenant’s business on the Premises. 
  
  
 ARTICLE XIX—WAIVER 
  
 Section 19.01 Waiver. The failure on the part of Landlord or Tenant to insist at any time upon the strict performance of any one or more of the
provisions of this Lease shall not be deemed to be a waiver of any of the rights or remedies that Landlord or Tenant may have and shall not be deemed to be a waiver of any subsequent breach or default of the provisions of this Lease. 
  
  
 ARTICLE XX—NOTICES 
  
 Section 20.01
Notices. All notices to or demands upon Landlord or Tenant shall be in writing sent or delivered either personally or by registered or certified mail, return receipt requested, at the addresses set forth below or at such other addresses as
the parties shall designate to each other in writing from time to time: 
  

			
	 Landlord:
	  	 Prime Investments, Inc.
 801 Armourdale
Parkway
 Kansas City, KS 66105
  

  

 22 

			
	 Tenant:
	  	 Keystone Automotive Operations, Inc.
 44 Tunkhannock
Avenue
 Exeter, PA 18643
  

  
  
 ARTICLE XXI—HAZARDOUS MATERIAL 
  
 Section 21.01 Environmental Representation. Landlord represents and warrants to Tenant that the Premises (including surface water, ground water,
and any existing improvements) does not contain any asbestos, substantial amounts of waste or debris, or contamination, including without limitation, any Hazardous Substance as hereinafter defined. 
  
 Section 21.02 Environmental Indemnity. In addition to any other
indemnity from Tenant provided in this Lease, Tenant shall indemnify, defend, protect, and hold harmless Landlord and its partners, directors, officers, employees, agents, attorneys, successors, and assigns, from and against any and all claims,
liabilities, penalties, fines, judgments, forfeitures, losses, costs, or expenses (including attorney’s fees, consultants’ fees and expert fees) for the death of or injury to any person or damage to any property whatsoever, arising from or
caused in whole or in part, directly or indirectly, by (i) the presence in, on, under, or about the Premises, or any discharge or release in or from the Premises of any Hazardous Substance but only to the extent that any such presence, discharge, or
release is caused by Tenant’s activities on the Premises during the Term, or (ii) Tenant’s failure to comply with any Hazardous Substance law, to the extent that compliance is required on account of Tenant’s activities on the Premises
and not to the extent that compliance is required solely because Tenant, as the occupant of the Premises, is held accountable for Hazardous Substances on, in, under, or about the Premises, or released from the Premises which are not caused by or
released by Tenant. The indemnity obligation of Tenant created hereunder shall include, without limitation, and whether foreseeable or unforeseeable, any and all costs incurred in connection with any site investigation, and any and all costs for
repair, cleanup, 
  

 23 

 detoxification or decontamination, or other remedial action of the Premises. The obligations of the parties hereunder
shall survive the expiration or earlier termination of this Lease, and any extensions thereof. 
  
 As used in this Lease, the term “Hazardous Substance(s)” means any hazardous or toxic substances, materials or wastes, including, but not limited to, those substances, materials, and wastes listed in the
United States Department of Transportation Hazardous Materials Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances (40 CFR Part 302) and amendments thereto, or such substances, materials and wastes which are or
become regulated under any applicable local, state or federal law including, without limitation, any material, waste or substance which is (i) petroleum, (ii) asbestos, (iii) polychlorinated biphenyls, (iv) designated as a “hazardous
substance” pursuant to Section 311 of the Clean Water Act, 33 U.S.C. §1251, et seq. (33 U.S.C. §1321) or listed pursuant to Section 307 of the Clean Water Act (33 U.S.C. §1317), (v) defined as a “hazardous waste”
pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. §6901, et seq. (42 U.S.C. §6903) or (vi) defined as a “hazardous substance” pursuant to Section 101 of the Comprehensive Environmental Response,
Compensation, and Liability Act, 42 U.S.C. §9601, et seq. (42 U.S.C. §9601). 
  
  
 ARTICLE XXII—MISCELLANEOUS 
  
 Section 22.01 Entire Agreement. This Lease embodies and constitutes the entire understanding between Landlord and
Tenant with respect to the transactions contemplated hereby, and all prior or contemporaneous agreements, understandings, representations, and statements, oral or written, are merged into this Lease. 
  
 Section 22.02 Governing Law. This Lease shall be governed by, and
construed in accordance with, the laws of the State of Kansas. 
  

 24 

 Section 22.03 Headings. Descriptive headings are for convenience only and shall not control or
affect the meaning or construction of any provision of this Lease. 
  
 Section 22.04 Successors and Assigns. This Lease shall be binding upon and shall inure to the benefit of Landlord and Tenant and their respective heirs, personal representatives, successors and assigns. 
  
 Section 22.05 Plurals: Gender. Whenever the context of this Lease
shall so require, the singular shall include the plural, and male gender shall include the female gender and the neuter, and vice versa. 
  
 Section 22.06 Severability. In case any one or more of the provisions contained in this Lease shall be held to be invalid, illegal, or
unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Lease shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein
unless to do so would materially alter the benefits and burdens the parties hereto have bargained for. 
  
 Section 22.07 Time. Time is of the essence of this Lease; however, if the date for performance of any provision of this Lease is a Saturday,
Sunday, or banking holiday in the State in which the Premises are located, then the date for performance shall be extended until the next day that is not a Saturday, Sunday or banking holiday in the State of Kansas. 
  

 25 

 IN WITNESS WHEREOF, Landlord and Tenant having duly-executed this Lease as of the day and year first
above written. 
  

			
	 	  	 LANDLORD:
  

	 ATTEST:
	  	 PRIME INVESTMENTS, INC.
  
  

	 (signature illegible)

	  	 /s/    William J. Willhite

	 	  	 
	 	  	TENANT:
	 	  	 
	 	  	 KEYSTONE AUTOMOTIVE OPERATIONS
     MIDWEST, INC.

	 ATTEST:
  
  
 (signature illegible)

	  	  
  
 /s/    Patrick Judge

	 	  	By:

  

 26 

													
	 STATE OF KANSAS
	  	)	  	 	  	 	  	 	  	 	  	 
	 	  	)ss.:	  	 	  	 	  	 	  	 	  	 
	 COUNTY OF JOHNSON
	  	)	  	 	  	 	  	 	  	 	  	 

  
 BE IT REMEMBERED, that
on this 7 day of July, 1999, before me, the
undersigned, a Notary Public in and for said County and State came William J. Willhite, President of Prime Investments, Inc., a corporation duly organized, incorporated and existing under and by virtue of the laws of the State of Kansas, and
John Donake, Asst. Secretary of said corporation, who are personally known to me to be the same persons who executed the within instrument on behalf of said corporation, and such persons duly acknowledged the execution of the same to be the
act and deed of said corporation. 
  
 IN WITNESS WHEREOF, I
have hereunto subscribed my name and affixed my official seal the day and year last above written. 
  
 (signature
illegible)                     
 Notary Public 
  
  
 My Commission Expires: 
 12-27-99 
  
  

													
	 STATE OF Pennsylvania
	  	)	  	 	  	 	  	 	  	 	  	 
	 	  	)ss.:	  	 	  	 	  	 	  	 	  	 
	 COUNTY OF Luzerne
	  	)	  	 	  	 	  	 	  	 	  	 

  
 BE IT REMEMBERED, that
on this 29 day of June, 1999, before me, the
undersigned, a Notary Public in and for said County and State, came Patrick Judge, Vice President of Keystone Automotive Operations Midwest, Inc., a corporation duly organized, incorporated and existing under and by virtue of the laws of the
State of Delaware, and Ann Cianflone, Secretary of said corporation, who are personally known to me to be the same persons who executed the within instrument on behalf of said corporation, and such persons duly acknowledged the
execution of the same to be the act and deed of said corporation. 
  
 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year last above written, 
  
 (signature
illegible)                     
 Notary Public 
  
 My Commission Expires:

  

 27 

 EXHIBIT A 
 COPY OF THE PLANS 
  

 28 

 EXHIBIT B  
 COPY OF THE SITE PLANS 
  

 29

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]