Document:

EX-10.2

 Exhibit 10.2 

ZEKELMAN INDUSTRIES, INC. 

2018 EQUITY INCENTIVE PLAN 

1.    Purpose and Duration 

1.1    Purpose. The purpose of the Plan is to promote the interests of the Company and its stockholders by:
(i) providing a means for the Company and its Affiliates to attract and retain employees, officers, consultants, advisors, and directors who will contribute to the Company’s long-term growth and success; and (ii) providing such
individuals with incentives that will align the interests of such individuals with those of the stockholders of the Company. Incentives available under this Plan include Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights,
Restricted Stock, Restricted Stock Units, Performance Shares, Performance Share Units, and Other Awards. 

1.2    Duration. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board
of Directors to amend or terminate the Plan at any time pursuant to Section 13, until all Shares subject to the Plan shall have been purchased or acquired according to the Plan’s provisions. However, in no event may an Award be granted
under the Plan on or after the tenth (10th) anniversary of the Effective Date (but unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted prior to the tenth (10th) anniversary of the Effective Date may
extend beyond such date, and the authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan with
respect to such Award, shall extend beyond such date). 
 2.    Definitions 

The following terms shall have the meanings set forth below: 

2.1    “Acquired Organization” means an entity that was acquired by the Company through a merger, consolidation,
combination, exchange of shares, acquisition or other business transaction. 
 2.2    “Acquired Plan” means the
incentive plan established by an Acquired Organization or any awards outstanding thereunder. 

2.3    “Affiliate” means (i) any entity that, directly or indirectly, is controlled by the Company and
(ii) any entity in which the Company has a significant equity interest, in each case as determined by the Committee. 

2.4    “Award” means, individually or collectively, a grant under this Plan of Nonqualified Stock Options,
Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Share Units, or Other Awards. 

 2.5    “Award Agreement” means any written agreement, contract,
certificate or other instrument or document, which may be in electronic format, evidencing the terms and conditions of an Award granted under the Plan. 

2.6    “Beneficial Owner” or “Beneficial Ownership” shall have the meaning ascribed to such term
in Rule 13d-3 and Rule 13d-5 of the Exchange Act. 

2.7    “Beneficiary” means a person named by a Participant who is entitled to receive payments or other benefits or
exercise rights that are available under the Plan in the event of such Participant’s death. If no such person is named by a Participant, or if no Beneficiary designated by such Participant is eligible to receive payments or other benefits or
exercise rights that are available under the Plan at such Participant’s death, such Participant’s Beneficiary shall be such Participant’s estate. 

2.8    “Board” or “Board of Directors” means the Board of Directors of the Company. 

2.9    “Cause” means: 

(i)    If the Participant is a party to a written employment, service or other agreement with the Company
or its Affiliates and such agreement provides for a definition of Cause, the definition contained therein; or 

(ii)    If no written employment or service agreement exists, or if such employment or service agreement
does not define Cause, unless otherwise defined in the Award Agreement, any one or more of the following, in each case as determined in good faith by the Committee (or, in the case of any Participant other than the chief executive officer, written
notice from the chief executive officer), (a) gross negligence or willful misconduct of a material nature in connection with the performance of the Participant’s duties and responsibilities as an Employee, which actions, if capable of
being cured, are not cured within fifteen (15) days after written notice thereof from the Board, (b) a conviction for (or pleading guilty or nolo contendere to) a felony or crime involving moral turpitude for which a pardon has not been
granted as of the date of termination, (c) an act of fraud or embezzlement or misappropriation of the Company’s or any of its Affiliates’ funds or property; (d) unlawful use (including being under the influence) or possession of
illegal drugs on the premises of the Company or any of its Affiliates or while the Participant is performing the duties and responsibilities of his or her employment; (e) a violation of any agreement between the Participant and the Company
establishing the Participant’s obligations to the Company regarding confidentiality, non-solicitation, non-competition or
non-disparagement that the Board shall have determined is harmful to the Company or its Affiliates; (f) the Participant’s breach of any of material obligations in his or her employment agreement,
offer letter or other terms of employment, which breach, if capable of being cured, is not cured within fifteen (15) days after written notice thereof; (g) the Participant’s breach of his or her fiduciary duties as an officer or
director of the Company or any of its Affiliates, which breach, if capable of being cured, is not cured within fifteen (15) days after written notice thereof; or (h) the Participant’s continued failure or refusal after written notice
from the Board (or, in the case of any Participant other than the chief executive officer, written notice from the chief executive officer) to implement or follow the lawful and reasonable direction of the Board (or the chief executive officer, as
applicable) that is consistent with the duties and responsibilities of the Participant. 

 2.10    “Change in Control” of the Company shall mean the occurrence
of any one or more of the following events: 
 (i)    any Person (other than any Permitted Holder as
defined in the Company’s Amended and Restated Certificate of Incorporation) becomes the Beneficial Owner (except that a Person shall be deemed to be the Beneficial Owner of all shares that any such Person has the right to acquire pursuant to
any agreement or arrangement or upon exercise of conversion rights, warrants or options or otherwise, without regard to the sixty (60) day period referred to in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company, representing thirty percent (30%) or more of the combined voting power of such entity’s then outstanding securities; 

(ii)    during any twelve (12) month period, a majority of the members of the Board is replaced by
individuals who were not members of the Board at the beginning of such twelve (12) month period and whose election by the Board or nomination for election by the Company’s shareholders was not approved by a vote of at least a majority of
the directors then still in office who either were directors at the beginning of such twelve (12) month period or whose election or nomination for election was previously so approved; 

(iii)    the consummation of a merger or consolidation of the Company with any other entity, other than a
merger or consolidation that would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or
resulting entity) fifty percent (50%) or more of the combined voting power of the surviving or resulting entity outstanding immediately after such merger or consolidation; or 

(iv)    the consummation of a sale or disposition of all or substantially all of the assets of the Company,
other than such a sale or disposition that would result in the voting securities of the Company outstanding immediately prior thereto representing fifty percent (50%) or more of the combined voting power of the acquiring entity outstanding
immediately after such a sale or disposition. 
 2.11    “Code” means the Internal Revenue Code of 1986, as
amended from time to time. Any reference to a section of the Code shall be deemed to include a reference to any regulations promulgated thereunder. 

2.12    “Committee” means the Compensation Committee of the Board or such other committee as may be designated by
the Board to administer the Plan. If the Committee does not exist or cannot function for any reason or if the Board withdraws the Committee’s authority to administer the Plan, references to the Committee shall mean the Board or such other
committee of the Board as designated by the Board. 

 2.13    “Common Stock” means the Class A subordinate voting
stock, $0.01 par value per Share, of the Company, or any security issued by the Company in substitution or exchange therefor or in lieu thereof. 

2.14    “Company” means Zekelman Industries, Inc., a Delaware corporation, and any successor thereto. 

2.15    “Continuous Service” means the absence of any interruption or termination of service as an Employee,
Director or Key Person. Continuous Service Status shall not be considered interrupted in the case of: (i) a statutory leave of absence or a sick leave; (ii) military leave; (iii) any other leave of absence approved by the Committee,
provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to
time; or (iv) in the case of transfers between locations of the Company or between the Company, its Affiliates or their respective successors. A change in the capacity in which the Participant renders services to the Company, its Affiliates or
their respective successors as an Employee, Director or Key Person will not constitute an interruption of Continuous Service Status. 

2.16    “Director” means a member of the Board. 

2.17    “Disability” means: 

(i)    If the Participant is a party to a written employment or service agreement with the Company or its
Affiliates and such agreement provides for a definition of Disability, the definition contained therein; 

(ii)    If no written employment or service agreement exists, or if such employment or service agreement
does not define Disability, the definition contained in the Award Agreement; or 
 (iii)    If no
definition is provided by application of clauses (i) and (ii) of this section, then Participant’s physical or mental incapacity that renders him or her unable, with or without accommodation, for a period of 90 (ninety) consecutive days or
an aggregate of one hundred and twenty (120) days in any three hundred and sixty-five (365) consecutive calendar day period to perform his or her duties to the Company or any Affiliate. 

Notwithstanding the foregoing, with respect to any Incentive Stock Option, “Disability” shall mean “permanent and total disability” as
defined in Section 22(e)(3) of the Code. To the extent the vesting or payment of any Award hereunder is accelerated by reason of a Participant’s Disability, no such acceleration shall occur until the Participant experiences a Separation
from Service. 
 2.18    “Effective Date” shall mean
[                    ], 2018. 

 2.19    “Employee” means any person employed by the Company or any
Affiliate, with the status of employment determined based upon such factors as are deemed appropriate by the Committee in its discretion, subject to any requirements of the Code or applicable laws. 

2.20    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules,
regulations and guidance thereunder, or any successor act thereto. 
 2.21    “Fair Market Value” means, as of
any date, the value of a Share, which shall be an amount equal to the closing price of a Share on a given date (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock
market or exchange or inter-dealer quotation system on which the Shares are quoted or traded. If Shares are not so quoted or traded, fair market value as determined by the Committee, and with respect to any property other than Shares, the fair
market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. 

2.22    “409A Guidance” means the regulations and other guidance issued under Section 409A of the Code. 

2.23    “Incentive Stock Option” or “ISO” means an option to purchase Shares granted under
Section 6, which is intended to meet the requirements of Section 422 of the Code. 
 2.24    “Insider”
means an individual who is, on the relevant date, subject to Section 16 of the Exchange Act due to his or her status with the Company. 

2.25    “Key Person” means a consultant or advisor other than an Employee or Director who is a natural person and
provides bona fide services to the Company or a Subsidiary or an Affiliate (other than services in connection with the offer and sale of securities in a capital-raising transaction, or that directly or indirectly promote or maintain a market in the
Company’s securities). 
 2.26    “Nonqualified Stock Option” or “NQSO” means an option to
purchase Shares granted under Section 6 and which is not intended to be treated as an ISO under Section 422 of the Code. 

2.27    “Other Award” means a cash-based or stock-based award grant made pursuant to Section 10. 

2.28    “Option” means an Incentive Stock Option or a Nonqualified Stock Option, as described in Section 6.

 2.29    “Option Price” means the price at which a Share may be purchased by a Participant upon the exercise of
an Option. 
 2.30    “Participant” means an Employee, Director or Key Person who is eligible to receive an Award
or who has an outstanding Award granted under the Plan. 
 2.31    “Performance Share” shall mean an Award
denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Committee may determine pursuant to Section 9. 

 2.32    “Performance Share Unit” means an Award which may be earned
in whole or in part upon attainment of performance goals or other vesting criteria as the Committee may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 9. 

2.33    “Performance Period” means one or more periods of time, as the Committee may select, over which the
attainment of one or more performance goals will be measured for the purpose of determining a Participant’s right to and payment of a Performance Share Unit or Performance Share. 

2.34    “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used
in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 

2.35    “Restricted Stock” means a Shares awarded to a Participant pursuant to Section 8 herein. 

2.36    “Restricted Stock Unit” or “RSU” means an unsecured and unfunded promise to deliver a Share in
the future pursuant to Section 8 herein, the terms and conditions of which shall be specified in the related Award Agreement. 

2.37    “Separation from Service” means a termination of the employment or other service relationship between the
Participant and the Company meeting the requirements of Section 409A(a)(2)(A)(i) of the Code. 
 2.38    “Share
Reserve” shall have the meaning ascribed to such term in Section 5.1. 
 2.39    “Shares” means
shares of the Common Stock. 
 2.40    “Stock Appreciation Right” or “SAR” means an Award,
granted alone and designated as a SAR, pursuant to the terms of Section 7. 
 2.41    “Subsidiary” means any
corporation, partnership, joint venture, or other entity in which the Company either directly or indirectly controls at least fifty percent (50%) of the voting interest or owns at least fifty percent (50%) of the value or capital or profits
interest. 
 2.42    “Substitute Award” means an Award granted in assumption of, or in substitution for, an
outstanding award previously granted by an Acquired Organization. 
 2.43    “Successor Corporation” shall have
the meaning ascribed to such term in Section 12.1. 
 3.    Eligibility and Participation 

3.1    Eligibility. Persons eligible to participate in this Plan include: 

(i)    All Employees, Directors and Key Persons of the Company or an Affiliate. 

 (ii)    Holders of equity-based awards granted by an Acquired
Organization are eligible for grants of Substitute Awards under the Plan to the extent permitted under applicable listing standards of any stock market or exchange on which the Shares are listed. Subject to such applicable listing standards, the
terms and conditions of such Substitute Awards shall be determined by the Committee in its sole discretion. 

3.2    Participation. 

(i)    Subject to the provisions of the Plan, the Committee may from time to time select from all eligible
Employees, Directors and Key Persons, those to whom Awards shall be granted and shall determine the nature and amount of each Award, and Awards may be granted to Participants at any time and from time to time as shall be determined by the Committee,
including in connection with any other compensation program established by the Company. 

(ii)    Eligibility for participation in this Plan is not a guaranty or grant of a right to be selected to
receive an Award, and being selected to receive an Award is not a representation or guaranty of being selected to receive any additional Awards. Selection is at the sole discretion of the Committee. 

4.    Administration 

4.1    General. The Plan shall be administered by the Committee. 

4.2    Authority of the Committee. Subject to the terms of the Plan and applicable law, the Committee (or, to the extent
permitted hereby, its delegate) shall have full power and authority to: 
 (i)    designate Participants;

 (ii)    determine the type or types of Awards to be granted to each Participant under the Plan; 

(iii)    determine the number of Shares to be covered by (or with respect to which payments, rights or
other matters are to be calculated in connection with) Awards; 
 (iv)    determine the terms and
conditions of any Award; 
 (v)    determine whether, to what extent and under what circumstances Awards
may be settled or exercised in cash, Shares, other Awards, other property, net settlement, or any combination thereof, or canceled, forfeited or suspended, and the method or methods by which Awards may be settled, exercised, canceled, forfeited or
suspended; 
 (vi)    determine whether, to what extent and under what circumstances a tax withholding
obligation may be satisfied in cash, Shares, other Awards, or other property; 
 (vii)    determine
whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred either automatically or at the election of the holder thereof or of
the Committee; 

 (viii)    interpret, administer and reconcile any
inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument or agreement relating to, or Award made under, the Plan; 

(ix)    establish, amend, suspend or waive such rules and regulations and appoint such agents as it shall
deem appropriate for the proper administration of the Plan; and 
 (x)    make any other determination
and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

4.3    Delegation. The Committee may delegate its power, authority and duties as identified herein to a subcommittee, except
(i) for the power and authority to grant Awards to Insiders (unless the delegation is to a subcommittee that complies with the exemption requirements of Rule 16b-3, as such regulations may be amended
from time to time or any successors thereto) and (ii) as otherwise prohibited by law. In addition to the delegation authority provided by the previous sentence, to the extent permitted by applicable law or rule of the applicable stock market or
exchange on which the Shares are listed, the Committee may delegate to one or more officers of the Company the authority to grant Options, SARs, Restricted Stock and Restricted Stock Units to Participants that are not Insiders. 

4.4    Decisions Binding. All determinations and decisions made by the Board, the Committee or the Committee’s delegate
pursuant to the provisions of the Plan and all related orders and resolutions of the Board, the Committee or the Committee’s delegate shall be final, conclusive and binding on all persons, including the Company, its stockholders, Employees,
Directors, Key Persons and their estates and beneficiaries. 
 4.5    Committee Composition. Any grant by the Committee to
an Insider shall require the approval of (i) a Committee consisting of two (2) or more members who are non-employee directors within the meaning of
Rule 16b-3 under the Exchange Act or (ii) the full Board. The Board may designate one or more directors as alternate members of the Committee who may replace any absent or disqualified member at any
meeting of the Committee. 
 5.    Shares Subject to the Plan and Maximum Awards 

5.1    Number of Shares Available for Grants. Subject to adjustment in accordance with Section 5.4, the maximum
aggregate number of Shares that may be granted pursuant to Awards shall not exceed four million (4,000,000) Shares (the “Share Reserve”). All Shares are available for issuance under the Plan and may be used for any type of Award under
the Plan, and any or all of the Shares reserved for issuance under the Plan shall be available for issuance pursuant to the ISOs. 
 The share reserve shall
not be reduced for Substitute Awards. Any shares of stock of an Acquired Organization available for future awards under an Acquired Plan (as adjusted and converted into Shares in accordance with the terms of the business transaction) shall be added
to the number of Shares available for Awards under the Plan, subject to applicable stockholder approval and stock exchange requirements, unless the terms of the business transaction require such Acquired Plan to be maintained as a separate plan
following the completion of the business transaction. 

 5.2    Limitations on Grants to Individual Participants. Subject to adjustment
as provided in Sections 5.4, the maximum number of Shares subject to Awards that may be granted under the Plan, pursuant to any type of Award, in a fiscal year to any Participant, other than a Director that is not an Employee, is one million
(1,000,000) Shares. 
 5.3    Maximum Awards for Directors. The maximum aggregate number of Shares subject to Awards
granted during a single fiscal year to any Director who is not an Employee, taken together with any cash fees paid to such Director during such fiscal year, shall not exceed $500,000 in total value (calculating the value of any such Awards based on
the grant date Fair Market Value of such Awards for financial reporting purposes). 
 5.4    Adjustments in Authorized
Shares. If the Company effects a subdivision or consolidation of Shares or other capital adjustment, the number and class of Shares which may be delivered under Section 5.1, the number and class of and/or price of Shares subject to
outstanding Awards granted under the Plan, and the Award limits set forth in Sections 5.2, shall be adjusted in the same manner and to the same extent as all other Shares. If there are material changes in the capital structure of the Company
resulting from: (i) the payment of a special dividend (other than regular quarterly dividends) or other distributions to stockholders without receiving consideration therefore; (ii) the spin-off of a
Subsidiary; (iii) the sale of a substantial portion of the Company’s assets; (iv) a merger or consolidation in which the Company is not the surviving entity; or (v) other extraordinary
non-recurring events affecting the Company’s capital structure and the value of Shares, the Committee shall make equitable adjustments in the number and class of Shares which may be delivered under
Section 5.1, the number and class of and/or price of Shares subject to outstanding Awards granted under the Plan, and the Award limits set forth in Sections 5.2, to prevent the dilution or enlargement of the rights of Award recipients.
Following any such adjustment, the number of Shares subject to any Award shall always be a whole number. No adjustment shall be made to an Option or SAR to the extent that it causes such Option or SAR to provide for a deferral of compensation
subject to Section 409A of the Code and the 409A Guidance. 
 5.5    Increase to Share Reserve. If any Shares subject
to an Award are forfeited before vesting or any Award otherwise expires, terminates or is cash-settled or cancelled without the issuance of such Shares to a Participant, such Shares, to the extent of any such forfeiture, expiration, termination,
cash-settlement or cancellation, shall again be available for grant under the Plan and be added to the Share Reserve. 
 Shares tendered to the Company or
withheld by the Company under an Award shall be deemed to have not been delivered to the Participant and shall be added to the Share Reserve. 

5.6    Character of Shares. Any Shares issued hereunder may consist, in whole or in part, of authorized and unissued shares,
treasury shares or shares purchased in the open market or otherwise. 

 6.    Options 

6.1    Grant of Options. Options may be granted to Participants in such number, upon such terms, and at such times as
determined by the Committee; provided, however, that ISOs may be granted only to Participants who are Employees of the Company or a Subsidiary that is a “subsidiary” of the Company within the meaning of Section 424(f) of the Code.
ISOs shall not be granted to any person who owns or is deemed to own pursuant to Section 424(d) of the Code stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its
Affiliates, unless the exercise price of the option is at least one hundred and ten percent (110%) of the Fair Market Value of a Share at the grant date and the option is not exercisable after the expiration of five years from the grant date. To the
extent that the aggregate Fair Market Value (determined at the time of grant) of Shares with respect to which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Affiliates)
exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as NQSOs. 

Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if an Option designated as an ISO fails to qualify as
such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements of Section 409A of the
Code. 
 6.2    Award Agreement. Options granted under this Plan shall be evidenced by an Award Agreement, which shall
specify whether the Option is intended to be an ISO or a NQSO. 
 6.3    Option Price. Except with respect to an Option
that is a Substitute Award, the Option Price for each Option shall be at least equal to one hundred percent (100%) of the Fair Market Value of a Share on the date as of which the Option is granted (or, in the case of an ISO, granted to a person
identified in Section 6.1 above, one hundred and ten percent (110%) of the Fair Market Value of a Share). Notwithstanding the foregoing, an ISO may be granted with a lower Option Price if such ISO is granted pursuant to an assumption or
substitution for another option in a manner satisfying the provisions of Section 424(a) of the Code, and a NQSO may be granted with a lower Option Price if such NQSO is a Substitute Award granted in a manner satisfying the provisions of
Section 409A of the Code and Treasury Regulation 1.409A-1(b)(5)(v)(D). 

6.4    Duration of Options. Each Option shall expire at such time as the Committee shall determine at the time of grant;
provided, however, that no Option shall be exercisable after the expiration of the ten (10) year period beginning on the date of its grant. If determined by the Committee in its discretion, on such terms and conditions and under such
circumstances as the Committee shall establish, which may be applied differently among Participants or Awards, Options will be deemed exercised by the Participant (or in the event of the death of or authorized transfer by the Participant, by the
Beneficiary or transferee) on the expiration date of the Option using a net share settlement (or net settlement) method of exercise to the extent that as of such expiration date the Option is vested and exercisable and the per share exercise price
of the Option is below the Fair Market Value of a Share on such expiration date. 

 6.5    Vesting and Exercisability of Options. Options shall become vested and
exercisable at such times and conditions and be subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the same for each grant or for each Participant, as set forth in the Award Agreement. 

6.6    Exercise of Options. Options may be exercised upon whatever terms and conditions the Committee, in its sole
discretion, imposes upon them. 
 6.7    Payment. Unless otherwise provided under the terms of an Award Agreement, or as
otherwise determined by the Committee, the Option Price shall be payable to the Company in full at the Participant’s option, either: (i) in cash or its equivalent, (ii) by tendering previously acquired Shares having an aggregate value
at the time of exercise equal to the total Option Price, (iii) through a reduction in the number of Shares received through the exercise of the Option (net share settlement), or (iv) by a combination of (i), (ii) and (iii). Subject to any
governing rules or regulations, as soon as practicable after receipt of notification of exercise and full payment, the Company shall transfer Shares in an appropriate amount based upon the number of Shares purchased under the Option(s). 

In the event that a Participant chooses option (ii) above and unless otherwise specifically provided in the Award Agreement, the Participant shall tender
only Shares that have been held for more than six months (or such longer or shorter period of time required to avoid a change to earnings for financial accounting purposes). 

7.    Stock Appreciation Rights (SARs) 

7.1    Grant of SARs. SARs may be granted to Participants in such number, upon such terms and at such times as determined by
the Committee. A SAR granted in connection with an Option shall become exercisable, be transferable and shall expire according to the same vesting schedule, transferability rules and expiration provisions as the corresponding Option. A SAR granted
independent of an Option shall become exercisable, be transferable and shall expire in accordance with a vesting schedule, transferability rules and expiration provisions as established by the Committee and reflected in an Award Agreement. Except
with respect to an SAR that is a Substitute Award and is granted in a manner that satisfies Section 409A of the Code and Treasury Regulation 1.409A-1(b)(5)(v)(D), the grant price of a SAR shall be at
least equal to the Fair Market Value of a Share on the date of grant of the SAR 
 7.2    Vesting and Exercisability of
SARs. SARs shall become vested and exercisable at such times and conditions and be subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the same for each grant or for each Participant, as
set forth in the Award Agreement. 
 7.3    Exercise of SARs. SARs may be exercised upon whatever terms and conditions the
Committee, in its sole discretion, imposes upon them. 
 7.4    Duration of SARs. The term of a SAR shall be determined by
the Committee, in its sole discretion; provided, however, that such term shall not exceed ten (10) years. If determined by the Committee in its discretion, on such terms and conditions and under such circumstances as the Committee shall
establish, which may be applied differently among Participants or Awards, 

 
SARs will be deemed exercised by the Participant (or in the event of the death of or authorized transfer by the Participant by the Beneficiary or transferee) on the expiration date of the SAR to
the extent that as of such expiration date the SAR is vested and exercisable and the per share grant price of the SAR is below the Fair Market Value of a Share on such expiration date. 

7.5    Payment of SAR Amount. Upon exercise of a SAR, a Participant shall be entitled to receive payment from the Company in
an amount determined by multiplying the difference between the Fair Market Value of a Share on the date of exercise over the grant price, by the number of Shares with respect to which the SAR is exercised. 

At the discretion of the Committee, the payment upon exercise of a SAR may be in cash, in Shares of equivalent value, or in some combination thereof. The
Committee’s determination regarding the form of payout shall be set forth in the Award Agreement pertaining to the grant of the SAR. 

8.    Restricted Stock and Restricted Stock Units (RSUs) 

8.1    Grant of Restricted Stock or RSUs. Restricted Stock or RSUs may be granted to Participants in such amounts, upon such
terms and at such times as determined by the Committee. 
 8.2    Restrictions. The Committee shall impose conditions
and/or restrictions on Restricted Stock or RSUs as it may deem advisable including, without limitation, time-based restrictions and/or restrictions based upon the achievement of other specific goals or circumstances. Restricted Stock or RSUs shall
be forfeited to the extent that a Participant fails to satisfy the applicable conditions and/or restrictions. All such conditions and/or restrictions shall be set forth in the applicable Award Agreement. 

Any share of Restricted Stock granted under the Plan may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration
or issuance of a stock certificate or certificates. In the event any stock certificate is issued in respect of shares of Restricted Stock granted under the Plan, such certificate shall be registered in the name of such Participant and shall bear an
appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock. The Company may retain possession of Shares of Restricted Stock until such time as all conditions and/or restrictions applicable to such
Shares have been satisfied. 
 8.3    Lapse of Restrictions, Payment of Restricted Stock or RSUs. Except as otherwise
provided in the Award Agreement or as required by applicable law, Shares of Restricted Stock shall become freely transferable by the Participant as soon as practicable after all applicable conditions and/or restrictions have been satisfied. Except
as otherwise provided in the Award Agreement or as required by applicable law, RSUs shall be settled as soon as practicable after all applicable conditions and/or restrictions with respect to such RSUs have been satisfied, in the form of cash or in
Shares (or in a combination thereof) as determined by the Committee and set forth in the Award Agreement. If a cash payment is made in lieu of delivering Shares, the amount of such payment shall be equal to the Fair Market Value of the Shares as of
the date on which all applicable conditions and/or restrictions have been satisfied. 

 9.    Performance Units and Performance Share Units 

9.1    Grant of Performance Units/Share Units. Performance Units and Performance Share Units may be granted to Participants
in such amounts, upon such terms and at such times as determined by the Committee. 
 9.2    Performance Objectives and Other
Terms. The Committee will set performance objectives or other vesting provisions in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Share Units that will be paid out to
the Participants. Performance Units/Share Units may be denominated as a cash amount, a number of Shares, a number of units referencing a cash amount, a number of Shares or other property, or a combination thereof. The time period during which the
performance objectives or other vesting provisions must be met will be called the “Performance Period.” Each Award of Performance Units/Share Units will be evidenced by an Award Agreement that will specify the Performance Period, and such
other terms and conditions as the Committee will determine. The Committee may set performance objectives based upon the achievement of Company-wide, divisional, business unit or individual goals, applicable federal or state securities laws, or any
other basis determined by the Committee in its discretion. After the grant of a Performance Units/Share Units, the Committee, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance
Units/Share Units. 
 9.3    Lapse of Restrictions, Payment of Performance Units/Share Units. Except as otherwise provided
in the Award Agreement or as required by applicable law, payment of earned Performance Units/Share Units will be made as soon as practicable after the expiration of the applicable Performance Period and a determination is made by the Committee as to
the extent to which the Performance Units/Share Units have been earned. The Committee, in its sole discretion, may pay earned Performance Units/Share Units in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value
of the earned Performance Units/Share Units at the close of the applicable Performance Period) or in a combination thereof. 

10.    Other Awards 
 The
Committee may grant to Participants Other Awards that are denominated in cash or Shares or valued in whole or in part by reference to or are otherwise based upon Shares, either alone or in addition to other Awards granted under this Plan. Other
Awards may be settled in Shares, cash or any other form of property, as the Committee shall determine in its sole discretion. Other Awards may be granted for past services, in lieu of bonus or other cash compensation, as directors’ compensation
or for any other valid purpose as determined by the Committee. Subject to this Plan, the Committee shall have sole and complete authority to determine the Employees, Directors and Key Persons to whom and the time or times at which Other Awards shall
be made, the number of Shares to be granted pursuant to such Other Awards and all other terms and conditions of Other Awards, including whether such Other Awards are made with or without vesting requirements or require payment of a specified
purchase price. Other Awards shall be subject to such other terms and conditions as the Committee shall deem advisable or appropriate, consistent with this Plan as herein set forth. 

 11.    Provisions Applicable to All Awards 

11.1    Award Agreement. Unless the Committee determines otherwise, each Award shall be evidenced by an Award Agreement. Such
Award Agreement shall specify the terms of the Award, including without limitation, the type of the Award, the Option Price or grant price, if any, the number of Shares subject to the Award, the duration of the Award and such other provisions as the
Committee shall determine. 
 11.2    Continuous Service/Death/Disability. Each Award Agreement shall set forth the
governing terms and conditions in the event of the Participant’s death, Disability, and any interruption or termination of Participant’s Continuous Service. 

11.3    Transferability of Awards. Except as otherwise provided otherwise in the Award Agreement, Awards and Shares that have
not been issued or as to which any applicable restriction, performance or deferral period has not lapsed, may not be sold, assigned, transferred, pledged or otherwise encumbered, other than by will or the laws of descent and distribution or pursuant
to a qualified domestic relations order (as defined in the Code or the Employment Retirement Income Security Act of 1974, as amended), and such Award may be exercised during the life of the Participant only by the Participant or the
Participant’s guardian or legal representative. 
 11.4    Restrictive Legends. All certificates for Shares and/or
other securities delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other
requirements of the Securities and Exchange Commission, any stock market or exchange upon which such Shares or other securities are then quoted, traded or listed, and any applicable securities laws, and the Committee may cause a legend or legends to
be put on any such certificates to make appropriate reference to such restrictions. 
 11.5    No Fractional Shares. No
fractional Shares shall be issued or delivered pursuant to the Plan. The Committee shall determine whether cash, additional Awards or other securities or property shall be issued or paid in lieu of fractional Shares or whether any fractional shares
should be rounded, up or down, forfeited or otherwise eliminated. 
 12.    Change in Control 

12.1    Effect of Change in Control. The Committee may (but shall not be required to) provide for accelerated vesting of an
Award upon, or as a result of specified events following, a Change in Control, either in an Award Agreement or in connection with the Change in Control. In the event of a Change in Control, the Committee may, among other alternatives, cause any
Award: 
 (i)    to be canceled in consideration of a payment in cash or other consideration to such
Participant who holds such Award in an amount per share equal to the excess, if any, of the price or implied price per Share in a Change in Control over the per Share exercise or purchase price of such Award, which shall be paid immediately upon
such cancellation and, if the price or implied price per Share in a Change in Control is equal to or less than the per Share exercise or purchase price of such Award, the Award may be canceled for no consideration; or 

 (ii)    to be assumed or a substantially equivalent Award
shall be substituted by the successor corporation or a parent or subsidiary of such successor corporation (the “Successor Corporation”), unless the Successor Corporation does not agree to assume the award or to substitute an equivalent
option or right (or agree to cashout the Award as provided in clause (i)), in which case such Award shall become fully vested immediately prior to the Change of Control and shall thereafter terminate. An Award shall be considered assumed,
without limitation, if, at the time of issuance of the stock or other consideration upon a Change in Control, as the case may be, each holder of an Award would be entitled to receive upon exercise of the award the same number and kind of shares of
stock or the same amount of property, cash or securities as such holder would have been entitled to receive upon the occurrence of the transaction if the holder had been, immediately prior to such transaction, the holder of the number of Shares
covered by the award at such time; provided that if the consideration to be received in the transaction is not solely common stock of the Successor Corporation, the Committee may, with the consent of the Successor Corporation, provide for the
consideration to be received upon exercise of the assumed award to be solely common stock of the Successor Corporation. A transfer among the Successor Corporation and its affiliates shall not be deemed a termination of Participant’s Continuous
Service. 
 12.2    Termination, Amendment and Modification of Change in Control Provisions. Notwithstanding any other
provision of this Plan or any Award Agreement provision to the contrary, the provisions of this Section 12 may not be terminated, amended, or modified on or after the date of a Change in Control to affect adversely any Award granted under
the Plan prior to the Change in Control without the prior written consent of the Participant to whom the Award was made; except that no action shall be permitted under this Section 12.2 that would impermissibly accelerate or postpone payment of
an Award subject to Section 409A of the Code and the 409A Guidance. 
 13.    Amendment, Modification and Termination

 13.1    Amendment, Modification and Termination. Subject to the terms of the Plan, the Board may at any time and
from time to time, alter, amend, suspend or terminate the Plan in whole or in part; provided that without the prior approval of the Company’s stockholders, no material amendment shall be made if stockholder approval is required by law,
regulation or applicable listing requirement of any stock exchange upon which the Common Stock is then listed; provided, further that notwithstanding any other provision of the Plan or any Award Agreement, no such alteration, amendment, suspension
or termination shall be made without the approval of the stockholders of the Company if the alteration, amendment, suspension or termination would increase the number of Shares available for Awards under the Plan, except as provided in
Section 5. 
 13.2    Awards Previously Granted. No termination, amendment, or modification of the Plan shall
adversely affect in any material way any Award previously granted under the Plan, without the prior written consent of the Participant to whom the Award was made. The Committee may amend any Award previously granted without the prior written consent
of the Participant if such amendment does not adversely affect the Award in any material way and may amend any Award previously granted with the written consent of the Participant. 

 Other than pursuant to Section 5.4, the Committee shall not without the approval of the Company’s
stockholders (i) lower the exercise or grant price per Share of an Option or SAR after it is granted, (ii) cancel an Option or SAR when the exercise or grant price per Share exceeds the Fair Market Value of one Share in exchange for cash
or another Award (other than in connection with a Change in Control as defined in Section 2.10), or (iii) take any other action with respect to an Option that would be treated as a repricing under the rules and regulations of any stock
exchange on which the Common Stock is then listed. 
 14.    Withholding 

Unless the Participant elects to and satisfies such obligations otherwise, the Company shall make all payments or distributions pursuant to the Plan to a
Participant net of any applicable federal, state and local taxes required to be paid or withheld as a result of (a) the grant of any Award, (b) the exercise of an Option or Stock Appreciation Right, (c) the delivery of Shares or cash,
(d) the lapse of any restrictions in connection with any Award or (e) any other event occurring pursuant to the Plan. The Company or any Subsidiary or Affiliate shall have the right to withhold from wages or other amounts otherwise payable
to a Participant such withholding taxes as may be required by law, or to otherwise require the Participant to pay such withholding taxes. 
 If the
Participant shall fail to make such tax payments as are required, the Company or its Subsidiaries or Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such
Participant or to take such other action as may be necessary to satisfy such withholding obligations. The Committee shall be authorized to establish procedures for election by Participants of methods to satisfy such tax payment obligations. 

15.    Indemnification 
 Each
person who is or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless by the Company (to the extent permissible under applicable law) against and from any loss, cost, liability, or expense that may be
imposed upon or reasonably incurred by him or her in connection with or resulting from any bona fide claim, action, suit, or proceeding against such person or against the Company and in which he or she may be involved by reason of any action taken
or failure to act by him or her under the Plan in his or her capacity as a member of the Committee or of the Board and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or
her in satisfaction of any judgment in any such action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and
defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a
matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

 16.    Waiver of Jury Trial 

BY ACCEPTING AN AWARD UNDER THE PLAN, EACH PARTICIPANT WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS
UNDER THE PLAN AND ANY AWARD, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR OTHER AGREEMENT DELIVERED OR WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION THEREWITH, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM
SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. BY ACCEPTING AN AWARD UNDER THE PLAN, EACH PARTICIPANT CERTIFIES THAT NO OFFICER, REPRESENTATIVE OR ATTORNEY OF THE COMPANY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE COMPANY WOULD NOT, IN
THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS. 
 17.    Miscellaneous 

17.1    Number. Except where otherwise indicated by the context, the plural shall include the singular and the singular shall
include the plural. 
 17.2    Severability. In the event any provision of the Plan shall be held illegal or invalid for
any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

17.3    Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all
applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. In the event that such laws, rules, and/or regulations prohibit the grant of Awards and/or issuance of
Shares under the Plan, or if such actions are prohibited by or approvals cannot be obtained from governmental agencies or national securities exchanges, the Company shall be relieved from liability for failure to grant Awards and/or failure to issue
and sell Shares upon exercise of an Award. 
 17.4    Governing Law. The Plan and each Award Agreement shall be governed by
the laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. 

17.5    Plan Controls. Unless (i) expressly stated otherwise in the Plan or (ii) necessary to obtain preferential
Canadian tax treatment for a Participant who is subject to Canadian tax in respect of the grant, receipt, exercise or disposition of such Awards, in the event of any conflict between the provisions of an Award Agreement and the Plan, the Plan shall
control, and the conflicting provisions of the Award Agreement shall be null and void ab initio. 
 17.6    Repayment of
Awards; Forfeiture. The Committee hereby reserves the right to seek repayment or recovery of an Award, including any Shares subject to or issued under an Award or the value received pursuant to an Award, as appropriate, notwithstanding any
contrary provision of the Plan, under any recovery, recoupment, clawback and/or other forfeiture policy maintained by the Company from time to time. In addition, any Award, including any Shares subject to or issued under an Award or the value
received pursuant to an Award is also subject to any 

 
applicable law or regulation or the standards of any stock exchange on which the Shares are then listed that provide for any such recovery, recoupment, clawback and/or forfeiture. The Committee
may also specify in an Award Agreement that the Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to
applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition, non-solicitation, confidentiality or other restrictive
covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s employment for Cause, or other conduct by the Participant that is detrimental to the business or reputation of
the Company and/or its Affiliates. 
 17.7    Section 409A Compliance. It is intended that the Awards are either exempt
from the requirements of Section 409A of the Code and the 409A Guidance or will satisfy the requirements of Section 409A of the Code and the 409A Guidance (in form and operation) so that compensation deferred under an applicable Award (and
applicable earnings) shall not be included in income under Section 409A of the Code, and the Plan will be construed to that effect. Notwithstanding anything else in the Plan, if the Board determines a Participant to be one of the Company’s
“specified employees” under Section 409A of the Code at the time of such Participant’s Separation from Service in accordance with the identification date specified in the 409A Guidance and the amount hereunder is “deferred
compensation” subject to Section 409A, then any distribution that otherwise would be made to such Participant with respect to this Award as a result of such termination shall not be made until the date that is six months after such
Separation from Service or, if earlier, the date of the death of the Participant. 
 However, neither the Company nor the Committee shall have any
obligation to take any action to prevent the assessment of any excise tax or penalty on any person for any equity award under Section 409A of the Code. If an Award is subject to Section 409A of the Code and the 409A Guidance, the Award
Agreement will incorporate and satisfy the written documentation requirement of Section 409A of the Code and the 409A Guidance either directly or by reference to other documents. Notwithstanding the foregoing, the Company and the Committee
shall not have any liability to any Participant for taxes or penalties under Section 409A of the Code, and the Company and the Committee shall not have any obligation to indemnify any Participant for any taxes or penalties under
Section 409A of the Code. 
 17.8    Stockholder Rights. Except as provided in the Plan or an Award Agreement, no
Participant or Beneficiary shall have any rights as a stockholder with respect to Shares subject to an Award until such Shares are delivered to the Participant or the Beneficiary, and no adjustment shall be made for dividends (ordinary or
extraordinary, whether in cash, securities or other property) or distributions of other rights for which the record date is prior to the date such Shares are delivered. 

17.9    No Employment or Other Service Rights. Nothing in the Plan or any instrument executed or Award granted pursuant
thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Award was granted or shall affect the right of the Company or an Affiliate to terminate (a) the
employment of an Employee with or without notice and with or without Cause or (b) the service of a Director pursuant to the By-laws of the Company or an Affiliate, and any applicable provisions of the
corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be. 

 17.10    Sub-plans. The Committee may
from time to time establish sub-plans under the Plan for purposes of satisfying blue sky, securities, tax, or other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall contain such limitations and other terms and conditions as the Committee determines are necessary or desirable. All sub-plans shall be deemed a part of the
Plan, but each sub-plan shall apply only to the Participants in the jurisdiction for which the sub-plan was designed. 

17.11    Acceleration of Exercisability and Vesting. The Committee, as allowed under applicable law, shall have the power to
accelerate the time at which an Award may first be exercised or the time during which an Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised
or the time during which it will vest. 
 17.12    Unfunded Plan. The Plan shall be unfunded. Neither the Company, the
Board, nor the Committee shall be required to establish any special or separate fund or to segregate any assets to assure the performance of their obligations under the Plan. 

17.13    Disqualifying Dispositions. Any Participant who shall make a “disposition” under Section 424 of the
Code of all or any portion of Shares acquired upon exercise of an ISO within two (2) years from the grant date of such ISO or within one year after the issuance of the Shares acquired upon exercise of such ISO shall be required to immediately
advise the Company in writing as to the occurrence of the sale and the price realized upon the sale of such Shares. 

17.14    Non-Uniform Treatment. The Committee’s determinations under the Plan
need not be uniform and may be made by it selectively among persons who are eligible to receive, or actually receive, Awards. Without limiting the generality of the foregoing, the Committee shall be entitled to make
non-uniform and selective determinations, amendments, and adjustments, and to enter into non-uniform and selective Award Agreements.EX-10.4

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT
AGREEMENT is made this      day of ●, 2018 (the “Effective Date”). 
 BETWEEN: 

ZEKELMAN INDUSTRIES, INC. 

(the “Company”) 
 - and
- 
 BARRY ZEKELMAN 

(the “Executive”) 

(collectively referred to as the “Parties”) 

RECITALS: 
  

	A.	 The Executive has been employed by the Company and its predecessors since 1985 in various positions including
most recently, as Chief Executive Officer pursuant to an employment agreement dated April     , 2016 (the “Superseded Employment Agreement”). 

 

	B.	 The Company wishes to continue to retain the services of the Executive and the Executive wishes to be retained
by the Company upon the terms and conditions contained in this Employment Agreement (the “Agreement”), effective as of the Effective Date. 

  

	C.	 The Executive agrees that the execution of this Agreement by the Company and the Executive does not constitute,
and by executing this Agreement, the Executive waives any right he may have to claim that such execution constitutes Good Reason for the Executive to resign his employment under the Superseded Employment Agreement. 

THEREFORE, the Parties agree as follows: 
  

	1.	 DEFINITIONS 

“Annual Bonus” has the meaning ascribed thereto in Section 5.1; 

“Base Salary” has the meaning ascribed thereto in Section 4; 

“Board” has the meaning ascribed thereto in Section 2.1; 

“Bonus Target Percentage” has the meaning ascribed thereto in the Management Incentive Plan. 

 “Cause” means the Executive’s: 

 

	 	(i)	 wilful and continuing failure (except where due to physical or mental incapacity) to substantially perform the
Executive’s duties; 

  

	 	(ii)	 conviction of, or plea of guilty or no contest to, any serious felony, serious indictable offence, or crime
involving moral turpitude by the Executive, but, for greater certainty, excluding any motor vehicle offense not punishable by incarceration for a term of more than one (1) year, unless such motor vehicle offense actually results in
incarceration; 

  

	 	(iii)	 unlawful use or possession of illegal drugs on the premises of the Company or any subsidiary of the Company;

  

	 	(iv)	 commission of an act of fraud, embezzlement, or misappropriation against the Company or any subsidiary of the
Company (other than a good faith expense dispute), or any other material breach of fiduciary duty against the Company; or 

  

	 	(v)	 breach of any material provision of this Agreement; 

“Cause Notice” has the meaning ascribed thereto in Section 9.1; 

“Compensation Committee” shall, where no Compensation Committee exists, constitute reference to the Board. 

“Confidential Information” has the meaning ascribed thereto in Section 10.1; 

“Disability” means the Executive’s physical or mental incapacity as a result of which the Executive is unable to substantially perform
his duties to the Company for a period of 6 consecutive months or 270 days in the aggregate in any 12-month period which cannot be accommodated by the Company without undue hardship; 

“Effective Date” has the meaning ascribed thereto in the preamble of this Agreement; 

“Force Majeure” means an Act of God, war, riot, fire, flood, or other natural disaster; 

“Good Reason” means the occurrence, without the Executive’s express written consent, of any of the following: 

 

	 	(i)	 an adverse change in the Executive’s employment title; 

 

	 	(ii)	 a material diminution in the Executive’s employment duties or responsibilities; 

 

	 	(iii)	 (A)    any reduction in Base Salary or Bonus Target Percentage; or 

	 	(B)	 any material increase to the annual targets unless such increase is applied equally to the other participants
of the Management Incentive Plan (or any similar plan); 

  
 - 2 - 

	 	(iv)	 a material diminution, in the aggregate, in the welfare, benefit and retirement plans provided by the Company
to the Executive; or 

  

	 	(v)	 a relocation of the Executive’s principal office from the location of Windsor, Ontario.

 “Good Reason Notice” has the meaning ascribed thereto in Section 9.5; 

“Intellectual Property” has the meaning ascribed thereto in Section 11.1; 

“LTIP” has the meaning ascribed thereto in Section 5.3; 

“Management Incentive Plan” has the meaning ascribed to in Section 5.1; 

“Term” has the meaning ascribed thereto in Section 3; 

“Transaction” has the meaning ascribed thereto in the preamble of this Agreement. 

 

	2.	 DUTIES AND RESPONSIBILITIES 

Section 2.1     Position 
 The
Executive shall continue his role as CEO and Executive Chairman of the Company. The Executive will report directly to the board of directors of the Company (the “Board”). During the Term, the Executive will undertake the duties and
such other duties and responsibilities as the Board may, from time to time, reasonably assign with the concurrence of the Executive, which concurrence shall not be unreasonably withheld. 

Section 2.2    Location and Travel 

The Executive will continue to perform his duties and responsibilities principally out of his office in Windsor, Ontario, which office shall be at the
reasonable expense of the Company, and such other offices as may be required in connection with his duties and responsibilities. Executive also will be available for such business related travel as may be required for the purposes of carrying out
the Executive’s duties and responsibilities. Notwithstanding anything in this Agreement to the contrary, Executive shall at all times during the term of this Agreement be entitled to travel on private aircraft for business travel. 

Section 2.3    Time and Attention 

The Executive will devote such working time and attention as is reasonably necessary in the performance of his duties and responsibilities hereunder, and
Executive will exert his best efforts, knowledge, skill and energy in the performance thereof. The Executive may render services to any person, provided such activities do not, individually or in the aggregate, materially interfere with the
performance of the Executive’s duties and responsibilities hereunder. The Executive is a fiduciary of the Company and will act at all times in the Company’s best interests. 

  
 - 3 - 

 Section 2.4    Compliance with Rules and Policies 

The Executive will follow all Company rules and policies as they may exist from time to time. 

 

	3.	 TERM OF EMPLOYMENT 

This Agreement will be effective from the Effective Date and will continue in effect for an indefinite term until it is terminated in accordance with Article 4
(the “Term”). 
  

	4.	 BASE SALARY 

During the Term, the Executive will be paid an annual salary of not less than $1,515,000.00 subject to contributions to employee benefit plans, if any (the
“Base Salary”). The Executive’s Base Salary will be payable in accordance with Company practices and procedures as they may exist from time to time. Base Salary will be reviewed for increase by the Compensation Committee of the Board
on an annual basis. Future increases in Base Salary will be at the sole discretion of the Board. 
  

	5.	 ANNUAL BONUS 

Section 5.1    Bonus Eligibility 

During the Term, the Executive will be eligible to participate in the Management Incentive Plan of the Company (the “Management Incentive Plan”) in
accordance with the terms of such plan. The Executive’s Annual Bonus (the “Annual Bonus”) will be determined in accordance with the Management Incentive Plan. For purposes of calculating the Annual Bonus, Executive’s target bonus
will be not less than 100% of Executive’s Base Salary. 
 Section 5.2    Bonus Payment 

The Annual Bonus, if any, will be payable by the Company as follows (i) a good faith estimate of fifty percent (50%) of the Executive’s Annual Bonus
will be paid within 30 days of the close of the Company’s second fiscal quarter, and (ii) the remainder, if any, will be paid after the end of the fiscal year, at the time the Company normally pays such bonuses after Compensation Committee
approval. Any amount paid to the Executive pursuant to subsection (i) of the preceding sentence that is in excess of the Executive’s Annual Bonus for that year will be offset against the Executive’s Annual Bonus the following fiscal
year. 
 Section 5.3    Long Term Incentive Compensation. 

The Executive will be eligible to participate in the Zekelman Industries, Inc. 2018 Equity Incentive Plan (the “LTIP”) in accordance
with its terms. 

  
 - 4 - 

	6.	 BENEFITS 

During the Term, the Executive will continue to be eligible to participate in the retirement and benefit plans, programs and arrangements generally available
to senior executives of the Company, in accordance with their terms and conditions as amended from time to time. The Company reserves the right to both amend its retirement and benefit plans, programs and arrangements and change its insurance
carriers where deemed appropriate at any time. 
  

	7.	 VACATION 

The Executive will remain entitled to six (6) weeks’ vacation, which shall accrue in accordance with the Company’s vacation policy. Unused
vacation may not be carried forward to a subsequent year, except as required by applicable employment standards legislation. Vacation is to be taken at a time acceptable to the Company having regard to business requirements. 

 

	8.	 KEY MAN INSURANCE AND EXPENSES 

During the Term, the Company will have the right to insure the Executive’s life for the Company’s sole benefit and to reasonably determine the amount
and type of policy to achieve such purpose, provided, however, that the Executive will not incur any financial obligation relating thereto nor shall the Executive be required to reduce the amount of personal insurance on his life. The Executive will
cooperate with the Company in obtaining such insurance by submitting to reasonably required physical examinations, supplying all information reasonably required by any insurance carrier, and executing all necessary documents reasonably required by
any insurance carrier. During the Term, the Company will reimburse the Executive for any ordinary, reasonable and necessary out of pocket expenses incurred in the course of employment in accordance with the terms and conditions of the Company’s
expense policy, as it may exist from time to time. 
  

	9.	 TERMINATION OF EMPLOYMENT 

Section 9.1     Termination by the Company with Cause 
  

	 	(a)	 This Agreement and the Executive’s employment with the Company may be terminated by the Company with
Cause, provided the following process is followed: 

  

	 	(i)	 The Company will provide the Executive with 30 days’ written notice of the Company’s intent to
terminate the Executive’s employment with Cause (the “Cause Notice”), such notice to detail the particular grounds on which the proposed termination is based; 

 

	 	(ii)	 The Executive will have 30 days following receipt of the Cause Notice to cure the Executive’s misconduct,
to the extent such misconduct is curable; 

  
 - 5 - 

	 	(iii)	 The Executive will have 10 business days following receipt of the Cause Notice to request, in writing, a
hearing with the Board; such hearing to be held within 15 days following receipt of such request; and the Board will consider in good faith all evidence produced by the Executive during such hearing; 

 

	 	(iv)	 If, within 5 days following the hearing with the Board, the Company provides the Executive with written
confirmation of the Executive’s termination on the basis of the Cause Notice, this Agreement and the Executive’s employment will be terminated with Cause on the date set out in such written confirmation. 

 

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated with Cause:

  

	 	(i)	 the Executive will be entitled to any earned but unpaid Base Salary through the date of termination;

  

	 	(ii)	 the Executive will be entitled to any earned Annual Bonus for the most recent fiscal year ended prior to the
date of termination that remains unpaid as of the date of termination; and, 

  

	 	(iii)	 the Executive will be entitled to any benefits due to the Executive under any employee benefit plan and any
payments due to Executive under any Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or
agreements, through the date of termination. 

 Section 9.2    Termination by the Company due to Disability

  

	 	(a)	 This Agreement and the Executive’s employment with the Company may be terminated by the Company due to
Disability with 30 days’ written notice to the Executive. 

  

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated due to Disability, the Executive
will be entitled to: 

  

	 	(i)	 any earned but unpaid Base Salary through the date of termination; 

 

	 	(ii)	 the Executive’s entitlements to payment in lieu of notice of termination and statutory severance pay, if
applicable, pursuant to the Employment Standards Act, 2000 as may be amended from time to time (the “ESA”); 

  
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	 	(iii)	 any earned Annual Bonus for the most recent fiscal year ended prior to the date of termination that remains
unpaid as of the date of termination and a pro rata share of Annual Bonus earned during the fiscal year in which the termination occurs based on the achievement of established targets set by the Compensation Committee of the Board pursuant to the
Management Incentive Plan; and, 

  

	 	(iv)	 any benefits due to the Executive under any employee benefit plan and any payments due to Executive under any
Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or agreements, through the date of
termination and the ESA notice period, as applicable, and any ongoing entitlements pursuant to any employee benefit plan as a result of the Disability, i.e. benefits under disability insurance plans. 

The Company will make all payments owing to the Executive under this Section 9.2 as soon as administratively practicable following termination. 

Section 9.3    Termination due to Executive’s Death 

 

	 	(a)	 This Agreement and the Executive’s employment with the Company will automatically terminate upon the death
of the Executive. 

  

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated due to the Executive’s
death, the Executive’s estate and/or beneficiaries will be entitled to: 

  

	 	(i)	 any earned but unpaid Base Salary through the date of termination; 

 

	 	(ii)	 any earned Annual Bonus for the most recent fiscal year ended prior to the date of termination that remains
unpaid as of the date of termination and a pro rata share of Annual Bonus earned during the fiscal year in which the termination occurs based on the achievement of established targets set by the Compensation Committee of the Board pursuant to the
Management Incentive Plan; and, 

  
 - 7 - 

	 	(iii)	 any benefits due to the Executive under any employee benefit plan and any payments due to Executive under any
Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or agreements, through the date of
termination or due as a result of the death of the Executive, i.e. proceeds under a life insurance policy. 

 The Company will make all
payments owing to the Executive’s estate under this Section 9.3 as soon as administratively practicable following the Executive’s death. 

Section 9.4    Termination by the Company without Cause 

 

	 	(a)	 This Agreement and the Executive’s employment with the Company may be terminated by the Company at any
time without Cause with 30 days’ written notice to the Executive. 

  

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated by the Company without Cause, the
Executive will be entitled to: 

  

	 	(i)	 any earned but unpaid Base Salary through the date of termination; 

 

	 	(ii)	 any earned Annual Bonus for the most recent fiscal year ended prior to the date of termination that remains
unpaid as of the date of termination and a pro rata share of Annual Bonus earned during the fiscal year in which the termination occurs based on the achievement of established targets set by the Compensation Committee of the Board pursuant to the
Management Incentive Plan; 

  

	 	(iii)	 any benefits due to the Executive under any employee benefit plan and any payments due to Executive under any
Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or agreements, through the date of
termination and the ESA notice period, as applicable; and, 

  

	 	(iv)	 a separation payment, payable in a lump sum, equal to 4.75 times the Base Salary as in effect at the time of
termination. 

  
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	 	    	 The Company will make all payments owing to the Executive under this Section 9.4(b) immediately following
the termination of employment. 

  

	 	(c)	 In addition to the foregoing, in the event this Agreement and the Executive’s employment is terminated by
the Company without Cause, any awards granted to the Executive pursuant to the LTIP or other applicable incentive plan that have not been settled shall accelerate and immediately vest (to the extent not already vested) and become exercisable upon
termination of the Executive’s employment and all awards shall remain exercisable for a period of twelve (12) months following the termination of the Executive’s employment. 

Section 9.5    Termination by the Executive for Good Reason 

 

	 	(a)	 This Agreement and the Executive’s employment with the Company may be terminated by the Executive for Good
Reason, provided the following process is followed: 

  

	 	(i)	 Within 6 months of the act or failure giving rise to Good Reason, the Executive will provide the Company with
the Executive’s intent to terminate the Executive’s employment for Good Reason (the “Good Reason Notice”), such notice to detail the particular grounds on which the proposed termination is based; 

 

	 	(ii)	 The Company will have 5 days following receipt of the Good Reason Notice to cure the act or failure to the
extent possible; 

  

	 	(iii)	 If the Company fails to cure the act or failure within such 5-day
period, the Executive can terminate this Agreement and the Executive’s employment for Good Reason immediately by providing the Company with written notice confirming the Executive’s termination on the basis of the Good Reason Notice, with
this Agreement and the Executive’s employment terminating for Good Reason on the date set out in such written confirmation. 

  

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated by the Executive for Good Reason,
the Executive will be entitled to: 

  

	 	(i)	 any earned but unpaid Base Salary through the date of termination; 

 

	 	(ii)	 any earned Annual Bonus for the most recent fiscal year ended prior to the date of termination that remains
unpaid as of the date of termination and a pro rata share of the Annual Bonus earned during the fiscal year in which the termination occurs based on the achievement of established targets set by the Compensation Committee of the Board pursuant to
the Management Incentive Plan;  

  
 - 9 - 

	 	(iii)	 any benefits due to the Executive under any employee benefit plan and any payments due to Executive under any
Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or agreements, through the date of
termination; and, 

  

	 	(iv)	 a separation payment, payable in a lump sum, equal to 4.75 times the Base Salary as in effect at the time of
termination; provided, however, that if the Good Reason relates to a reduction in Base Salary, the amount used to calculate this payment shall be the Base Salary prior to such reduction. 

 

	 	    	 The Company will make all payments owing to the Executive under this Section 9.5 (b) immediately following
the termination. 

  

	 	(c)	 In addition to the foregoing, in the event this Agreement and the Executive’s employment is terminated by
the Executive for Good Reason, any awards granted to the Executive pursuant to the LTIP or other applicable incentive plan that have not been settled shall accelerate and immediately vest (to the extent not already vested) and become exercisable
upon termination of the Executive’s employment and all awards shall remain exercisable for a period of twelve (12) months following the termination of the Executive’s employment. 

Section 9.6    Termination by the Executive without Good Reason 

 

	 	(a)	 This Agreement and the Executive’s employment with the Company may be terminated by the Executive at any
time without Good Reason with 30 days’ written notice to the Company. 

  

	 	(b)	 In the event this Agreement and the Executive’s employment is terminated by the Executive without Good
Reason, the Executive will be entitled to: 

  

	 	(i)	 any earned but unpaid Base Salary through the date of termination; 

 

	 	(ii)	 any earned Annual Bonus for the most recent fiscal year ended prior to the date of termination that remains
unpaid as of the date of termination; and 

  
 - 10 - 

	 	(iii)	 any benefits due to the Executive under any employee benefit plan and any payments due to Executive under any
Company policy, program, arrangement, or agreement including, without limitation, reimbursement for previously incurred expenses in accordance with the terms of such plans, policies, programs, arrangements or agreements, through the date of
termination. 

 Section 9.7    Separation Payments Deemed Reasonable and Sufficient 

The Executive acknowledges that any separation payments provided pursuant to either Sections 9.2, 9.3, 9.4, 9.5, or 9.6 of this Agreement, as the case may be,
supersede and replace any and all rights to reasonable notice of termination that the Executive might otherwise be entitled to at common law, and the Executive expressly waives any rights to such notice. The Executive agrees that the separation
payments are deemed conclusively to be reasonable notice of termination and specifically include all amounts owed for termination and/or severance pay arising under any contract, statute, common law or otherwise, and that notwithstanding anything in
this Agreement to the contrary, under no circumstances will the Executive receive less than his entitlements pursuant to the ESA upon termination of employment. 

Section 9.8    Company Property 

All items of any kind or nature created. or used by the Executive in the course of employment, or otherwise furnished by the Company, and all equipment, credit
cards, computers, cellular phones, data, books, records, reports, files, notes, manuals, literature, software, Confidential Information (as hereinafter defined) or any other materials belonging to the Company or its customers, suppliers or
affiliates and in the Executive’s possession or control, shall be surrendered to the Company, in good condition, promptly upon the Executive’s termination of employment, irrespective of the time, manner or cause of termination. 

 

	10.	 CONFIDENTIAL INFORMATION 

Section 10.1    Acknowledgement 

The Executive’s employment with the Company will provide the Executive with access to certain information relating to the Company, its customers,
suppliers, employees and affiliates of the Company of an extremely confidential nature (the “Confidential Information”). The Executive agrees that any and all Confidential Information acquired by the Executive or disclosed to the Executive
by the Company, its affiliates or their officers, directors, shareholders, employees, agents, customers, or suppliers is the exclusive property of the Company. For the purposes of this Agreement, Confidential Information shall include without
limitation corporate information, financial information, operational and technical information (including the Intellectual Property), marketing information, proprietary information, trade secrets and employee information. 

  
 - 11 - 

 Section 10.2    Covenant Not To Use Or Disclose 

The Executive understands that the aforementioned Confidential Information is a proprietary right which the Company is entitled to protect, and that the
unauthorized disclosure of such information would be highly detrimental to the Company’s interests. The Executive agrees not to disclose any Confidential Information without the prior written consent of the Company or to make use of such
information for the Executive’s personal benefit, or for the benefit of any other person, firm, corporation or entity. 

Section 10.3    Exceptions 
 For
the purposes of this Agreement, it is recognized that the Executive will not be obligated to keep in confidence, and shall not incur any liability regarding the disclosure of any Confidential Information which: 

 

	 	(a)	 is already in the public domain or comes into the public domain without any breach of this Agreement; or

  

	 	(b)	 is required to be disclosed pursuant to applicable laws, regulations, policies or by any court or
administrative tribunal with jurisdiction over the Parties, provided that the Executive promptly informs the Company of such a requirement to provide the Company with an opportunity to obtain an appropriate order protecting its interests. For
clarity, nothing in this Section 10 is intended to prevent or in any way limit the Executive from reporting possible violations of federal, provincial or state law to a governmental agency, such as the Ontario Securities Commission,
communicating with such agency or participating in any proceeding before such agency as provided for, protected under or warranted by applicable law. 

  

	11.	 INTELLECTUAL PROPERTY RIGHTS 

Section 11.1    Intellectual Property 

The Executive agrees that all worldwide rights, title and interest in any and all advances, computer programs, concepts, compositions, data, databases,
designs, discoveries, domain names, drawings, formulae, ideas, improvements, integrated circuit typographies, inventions, know-how, mask works, sketches, software, practices, processes, research materials,
trade-secrets, work methods, patents, trade-marks, copyright works and any other intellectual property (whether registrable or not) produced, made, composed, written, performed, discovered, originated or designed by the Executive, either alone or
jointly with others, in the course of the Executive’s employment with the Company and in any way relating to the business of the Company (the “Intellectual Property”), shall vest in and be the exclusive property of the Company. 

Section 11.2     Disclosure 
 The
Executive agrees that both during the Term and following the termination of employment with the Company for any reason, the Executive will fully and promptly disclose to the Company, complete details of any Intellectual Property right arising in
connection with the Executive’s employment, with the intention that the Company shall have full knowledge and ownership of the working and practical applications of such right. 

  
 - 12 - 

 Section 11.3    Full Co-operation

 At the expense of the Company, the Executive shall co-operate in executing all necessary deeds and documents
and shall co-operate in all other such acts and things as the Company may reasonably require in order to vest such Intellectual Property rights in the name of the Company. 

Section 11.4    Waiver of Property Rights 

The Executive hereby waives any and all author, moral, and proprietary rights that the Executive may now or in the future have in any Intellectual Property
developed in the course of the Executive’s employment with the Company. 
 Section 11.5    Exclusive Ownership 

The Executive agrees that the Company shall have the sole and exclusive ownership of and right of control over any and all business and goodwill created or
developed by the Executive in the course of the Executive’s employment with the Company, including all information, records, and documents concerning business and customer accounts and all other instruments, documents, records, data, and
information concerning or relating to the Company’s and its affiliates’ business activities, interests and pursuits. 
  

	12.	 PROTECTION OF COMPANY INTERESTS 

Section 12.1     Acknowledgement 

In the course of employment with the Company, the Executive will maintain close working relationships with the customers, clients, suppliers and employees of
both the Company and its affiliates. Due to the sensitive nature of the Executive’s position and the special access that the Executive will have to both the Company’s Confidential Information and Intellectual Property, the Executive will
be in a position to irreparably harm the Company should the Executive (either during the Term, or subsequent to the expiry or termination of this Agreement, for any reason) enter into competition with the Company (directly or indirectly) or
otherwise make use of the specialized knowledge, contacts and connections obtained during the Executive’s employment to the detriment of the Company. The Executive acknowledges that the unauthorized use or disclosure of such information could
irreparably damage the Company’s interests if made available to a competitor, or if used against the Company for competitive purposes. 
 Section 12.2    Non-Competition 
 The Executive will not, either while employed with the
Company or for a period of twelve months subsequent to the Executive’s termination of employment for any reason, without the 

  
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Company’s express written consent, either as an individual, or in conjunction with any other person, firm, corporation, or other entity, whether acting as a principal, agent, employee,
consultant, or in any capacity whatsoever, whether directly or indirectly: 
  

	 	(a)	 engage in, have an equity interest in, manage, operate, provide services for, or in any way be concerned with
any person, business or enterprise that competes with the business of the Company or any affiliate within Canada and the United States; or 

  

	 	(b)	 take advantage of, derive a benefit or otherwise profit from any business opportunities that the Executive
became aware of in the course of employment with the Company even if the Company does not take advantage of or exploit such opportunities. 

Section 12.3    Non-Solicitation 

The Executive will not, either while employed with the Company or for a period of two years subsequent to the Executive’s termination of employment for
any reason, without the Company’s express written consent, either as an individual, or in conjunction with any other person, firm, corporation, or other entity, whether acting as a principal, agent, employee, consultant, or in any capacity
whatsoever, whether directly or indirectly: 
  

	 	(a)	 solicit or attempt to solicit, any firm, person or company who is or was a customer, client, or supplier of the
Company or its affiliates to terminate its arrangements or otherwise adversely change its relationship with the Company or its affiliates; 

  

	 	(b)	 take any action, other than as may be required by law, as a result of which relations between the Company or
its affiliates and their customers, suppliers or employees may be materially impaired; or 

  

	 	(c)	 solicit, attempt to solicit, or communicate in any way with employees of the Company or its affiliates for the
purpose of having such employees terminate their employment with the Company or be employed or in any way engaged by another person, firm, corporation, or other entity other than through general advertisements to the public or through search firms
without targeting named individuals. 

Section 12.4    Non-Disparagement 

The Executive will not, either while employed with the Company or at any time subsequent to the Executive’s termination of employment for any reason,
disparage in any material way the Company or any of its affiliates. The Board and officers of the Company and its affiliates will not, either while the Executive is employed with the Company or at any time subsequent to the Executive’s
termination for any reason, disparage in any material way the Executive. It will not be a breach for either party to truthfully testify before any court, tribunal, administrative body or regulatory agency in response to a duly issued summons or
subpoena or to make truthful statements as required by law or to satisfy any regulatory requirements. For clarity, nothing in 

  
 - 14 - 

 
this Section 12.4 is intended to prevent or in any way limit the Executive from reporting possible violations of federal, provincial or state law to a governmental agency, such as the
Ontario Securities Commission, communicating with such agency or participating in any proceeding before such agency as provided for, protected under or warranted by applicable law. 

Section 12.5    Vital Consideration 

The Executive agrees that the covenants and restrictions contained in Section 12.1, 12.2, 12.3 and 12.4 are reasonable and valid in terms of time, scope
of activities and geographical limitations and understands and agrees that they are vital consideration for the purposes of the Company entering into this Agreement. 
  

	13.	 SEVERABILITY 

In the event that any covenant, provision or restriction contained in this Agreement is found to be void or unenforceable (in whole or in part) by a court of
competent jurisdiction, it shall not affect or impair the validity of any other covenant, provision or restriction contained herein, nor shall it affect the validity or enforceability of such covenants, provisions or restrictions in any other
jurisdiction or in regard to other circumstances. Any covenants, provisions or restrictions found to be void or unenforceable are declared to be separate and distinct, and the remaining covenants, provisions and restrictions shall remain in full
force and effect. 
  

	14.	 ENTIRE AGREEMENT 

This Agreement constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes and replaces any and all other
representations, warranties and previous agreements (including but not limited to the Superseded Employment Agreement), whether written or oral, express or implied, regarding the subject matter hereof. The Parties do not rely upon or regard as
material any representations or warranties not incorporated into and made part of this Agreement. 
  

	15.	 CHANGES TO AGREEMENT 

Any modifications or amendments to this Agreement must be in writing and signed by both Parties or else they shall have no force and effect. 

 

	16.	 ENFORCEMENT 

Section 16.1    Reasonable and Valid 

All covenants, provisions and restrictions contained in this Agreement, and without limitation, the covenants, provisions and restrictions contained in
Sections 10, 11 and 12 are reasonable and valid, and the Executive hereby waives all defences to the strict enforcement of such covenants, provisions and restrictions by the Company. Sections 10, 11 and 12 shall survive the termination of this
Agreement. 

  
 - 15 - 

 Section 16.2    Resolution of Disputes 

Any disputes between the Executive and the Company concerning the terms of this Agreement or the termination of Executive’s employment with the Company
will be referred initially to mediation to a mediator agreed to by the parties. 
 In the event mediation is not successful within 30 days of the initial
referral to mediation, any disputes between Parties concerning the terms of this Agreement or the termination of Executive’s employment with the Company will be referred to and finally resolved by arbitration in accordance with the provisions
of the Arbitration Act, 1991 (Ontario). 
 Either party may at any time give written notice to the other of its desire to submit such dispute to
arbitration stating with reasonable particularity the subject matter of such dispute. The parties shall agree upon a single arbitrator within 30 days after receipt of such notice. Should the Executive and the Company not agree on the arbitrator
within 30 days after written notice to arbitrate has been provided to the other party, either party may apply (with notice) to a judge at the Superior Court of Justice to appoint an arbitrator. The arbitrator’s decision shall be final and
binding on the Executive and the Company. 
 Section 16.3    Court Relief 

Despite Section 16.2, in the event that the Executive violates the covenants, provisions and restrictions contained in Sections 10, 11 or 12, the Company
shall be authorized and entitled to obtain from any court of competent jurisdiction interim and permanent injunctive relief and an accounting of all profits and benefits arising out of such violation, which rights and remedies shall be cumulative
and in addition to any other rights, damages or remedies to which the Company might otherwise be entitled. 

Section 16.4    Costs 
 In the
event of any litigation arising in respect of this Agreement, the prevailing Party shall be entitled to recover its costs, including reasonable legal fees. 
  

	17.	 ENUREMENT 

This Agreement shall enure to the benefit of and be binding upon the Parties and their respective successors and assigns, including without limitation, the
Executive’s heirs, executors, administrators and personal representatives. 
  

	18.	 ASSIGNMENT 

The Executive may not assign any of the Executive’s rights or delegate any of the Executive’s duties or responsibilities under this Agreement. 

  
 - 16 - 

	19.	 LEGAL ADVICE 

The Executive acknowledges that the Executive has read and understands the terms and conditions contained in this Agreement and has had the opportunity to
obtain independent legal advice related thereto. 
  

	20.	 GOVERNING LAW 

This Agreement shall be construed in accordance with the laws of the province of Ontario and the laws of Canada applicable therein. 

 

	21.	 NOTICES 

Section 21.1    Notice to Executive 

Any notice required or permitted to be given to the Executive shall be deemed to have been received if delivered personally to the Executive, sent by facsimile
to Barry Zekelman,
                                        ,
or if mailed by registered mail to the Executive’s home address last known to the Company. 
 Section 22.2    Notice to
Company 
 Any notice required or permitted to be given to the Company shall be deemed to have been received if delivered personally to, mailed by
registered mail, or sent by facsimile to: 
 with a copy to: 
  

	22.	 CURRENCY 

All dollar amounts set forth or referred to in this Agreement refer to United States currency. 

 

	23.	 WITHHOLDING 

All payments made by the Company to the Executive or for the benefit of the Executive shall be less applicable withholdings and deductions. 

  
 - 17 - 

 IN WITNESS OF WHICH the Parties have duly executed this Agreement. 

 

									
	SIGNED, SEALED & DELIVERED In the presence of:	 		 	ZEKELMAN INDUSTRIES, INC.
					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory
				
		 	 	 		 	 
		 	Witness	 		 	BARRY ZEKELMAN

  
 - 18 -

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