Document:

Exhibit 10.3

 Exhibit 10.3 

TRANSITION SERVICES AGREEMENT 

BETWEEN 
 TRIMAS CORPORATION 

AND 
 HORIZON GLOBAL CORPORATION

 Dated [                    ],
2015 

 TABLE OF CONTENTS 

 

									
				
	 	 	 	 	 	 	Page	 
			
	 ARTICLE I
	 	DEFINITIONS	 	 	1	  
				
		 	Section 1.1	 	    Definitions	 	 	1	  
			
	 ARTICLE II
	 	PERFORMANCE AND SERVICES	 	 	3	  
				
		 	Section 2.1	 	    General	 	 	3	  
				
		 	Section 2.2	 	    Additional Services	 	 	4	  
				
		 	Section 2.3	 	    Service Requests	 	 	4	  
				
		 	Section 2.4	 	    Access	 	 	5	  
				
		 	Section 2.5	 	    Books and Records; Retention and Transfer of Materials and Service Recipient Data	 	 	5	  
			
	 ARTICLE III
	 	SERVICE QUALITY; INDEPENDENT CONTRACTOR	 	 	6	  
				
		 	Section 3.1	 	    Service Quality	 	 	6	  
				
		 	Section 3.2	 	    Independent Contractor; Assets	 	 	7	  
				
		 	Section 3.3	 	    Uses of Services	 	 	7	  
				
		 	Section 3.4	 	    Transition of Responsibilities	 	 	7	  
				
		 	Section 3.5	 	    Disclaimer of Warranties: Force Majeure	 	 	7	  
			
	 ARTICLE IV
	 	FEES; PAYMENT	 	 	8	  
				
		 	Section 4.1	 	    Fees	 	 	8	  
				
		 	Section 4.2	 	    Taxes	 	 	8	  
				
		 	Section 4.3	 	    Invoices and Payment	 	 	9	  
				
		 	Section 4.4	 	    Timing of Payment; No Offsets	 	 	9	  
				
		 	Section 4.5	 	    Non-Payment	 	 	9	  
				
		 	Section 4.6	 	    Payment Disputes	 	 	9	  
			
	 ARTICLE V
	 	CONFIDENTIALITY	 	 	10	  
				
		 	Section 5.1	 	    Confidentiality	 	 	10	  
				
		 	Section 5.2	 	    Security	 	 	10	  
			
	 ARTICLE VI
	 	TERMINATION	 	 	11	  
				
		 	Section 6.1	 	    Term	 	 	11	  
				
		 	Section 6.2	 	    Option to Extend Term	 	 	11	  
				
		 	Section 6.3	 	    Partial Termination	 	 	11	  
				
		 	Section 6.4	 	    Termination of Entire Agreement	 	 	12	  
				
		 	Section 6.5	 	    Procedures on Termination	 	 	12	  
				
		 	Section 6.6	 	    Effect of Termination	 	 	12	  

 TABLE OF CONTENTS 

(continued) 
  

									
				
	 	 	 	 	 	 	Page	 
			
	 ARTICLE VII
	 	INDEMNIFICATION AND DISPUTE RESOLUTION	 	 	13	  
				
		 	Section 7.1	 	    Limitation of Liability	 	 	13	  
				
		 	Section 7.2	 	    Indemnification by Horizon	 	 	13	  
				
		 	Section 7.3	 	    Indemnification by TriMas	 	 	13	  
				
		 	Section 7.4	 	    Exclusive Remedy	 	 	14	  
				
		 	Section 7.5	 	    Risk Allocation	 	 	14	  
				
		 	Section 7.6	 	    Indemnification Procedures	 	 	14	  
				
		 	Section 7.7	 	    Express Negligence	 	 	14	  
				
		 	Section 7.8	 	    Dispute Resolution	 	 	14	  
			
	 ARTICLE VIII
	 	MISCELLANEOUS	 	 	15	  
				
		 	Section 8.1	 	    Amendment and Modification	 	 	15	  
				
		 	Section 8.2	 	    Waiver	 	 	15	  
				
		 	Section 8.3	 	    Notices	 	 	15	  
				
		 	Section 8.4	 	    Entire Agreement	 	 	15	  
				
		 	Section 8.5	 	    No Third-Party Beneficiaries	 	 	16	  
				
		 	Section 8.6	 	    Governing Law	 	 	16	  
				
		 	Section 8.7	 	    Assignment	 	 	16	  
				
		 	Section 8.8	 	    Severability	 	 	16	  
				
		 	Section 8.9	 	    Execution in Counterparts	 	 	16	  
				
		 	Section 8.10	 	    Rules of Construction	 	 	16	  
				
		 	Section 8.11	 	    Successors and Assigns	 	 	17	  
				
		 	Section 8.12	 	    Performance	 	 	17	  
				
		 	Section 8.13	 	    No Public Announcement	 	 	17	  
			
	 ANNEXES
	 		 			
			
	Annex A	 	    Authorized Representatives	 			

  
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 TRANSITION SERVICES AGREEMENT 

THIS TRANSITION SERVICES AGREEMENT dated
[                    ] (this “Agreement”), is between TriMas Corporation, a Delaware corporation (“TriMas”), and
Horizon Global Corporation, a Delaware corporation (“Horizon”). TriMas and Horizon are sometimes referred to herein individually as a “Party”, and collectively as the “Parties”. 

RECITALS 
 A. Horizon and TriMas
are Parties to that certain Separation and Distribution Agreement dated as of even date herewith (the “Separation Agreement”). 

B. Pursuant to the Separation Agreement, the Parties agreed to separate TriMas into two publicly traded companies (1) TriMas, which will
continue to own and conduct, directly and indirectly, the TriMas Business and (2) Horizon which will own and conduct, directly and indirectly, the Horizon Business (the “Separation”). 

C. In connection with the transactions contemplated by the Separation Agreement and in order to ensure a smooth transition following the
Separation, each Party desires that the other Party provide, or cause its Affiliates or contractors to provide, certain transition services. 

D. It is the intent of the Parties that the Services be provided at cost, and therefore, the Fees as mutually agreed by the Parties have been
or will be calculated to reflect costs. 
 In consideration of the forgoing and the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.1 Definitions. Unless otherwise defined herein, each capitalized term will have the meaning specified for such term in the Separation
Agreement. As used in this Agreement: 
 “Additional Services” means the Additional TriMas Services or the Additional
Horizon Services, individually, or the Additional TriMas Services and the Additional Horizon Services, collectively, as the context may indicate. Any Additional Services provided pursuant to this Agreement will be deemed to be “Services”
under this Agreement. 
 “Additional TriMas Service” has the meaning set forth in Section 2.2(a). 

“Additional Horizon Service” has the meaning set forth in Section 2.2(b). 

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

“Authorized Representative” means, for each Party, any of the individuals listed on Annex A under the name of such
Party. 
 “Availed Party” has the meaning set forth in Section 5.2(a). 

“Fees” means the fees for a particular Service as mutually agreed between the Parties. 

“Force Majeure Events” has the meaning set forth in Section 3.5(b). 

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

“Horizon Services” means the Services mutually agreed between the Parties to be provided by Horizon or any of its
Subsidiaries to TriMas and/or its Subsidiaries pursuant to this Agreement. 
 “Materials” has the meaning set forth in
Section 2.5(a). 
 “Partial Termination” has the meaning set forth in the Section 6.3(a). 

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

“Payment Due Date” has the meaning set forth in Section 4.4. 

“Prime Rate” has the meaning set forth in Section 4.4. 

“Safety and Security Policies” has the meaning set forth in Section 5.2(a). 

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

“Separation Agreement” has the meaning set forth in the Recitals. 

“Service Provider” means (a) in the case of TriMas Services, TriMas or any of its Subsidiaries providing a TriMas
Service hereunder, or (b) in the case of Horizon Services, Horizon or any of its Subsidiaries providing a Horizon Service hereunder. 

“Service Recipient” means (a) in the case of TriMas Services, Horizon or any of its Subsidiaries receiving a TriMas
Service hereunder, or (b) in the case of Horizon Services, TriMas or any of its Subsidiaries receiving a Horizon Service. 

“Service Recipient Data” means all of the data and information owned and provided solely by the Service Recipient, or created
by the Service Provider solely on behalf, or for the benefit, of the Service Recipient (including any such data and information created by the Service Provider or the Service Recipient using the Service Provider’s computer systems or software)
in relation to the provision of the Services. 

  
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 “Service Term” means the term for a particular Service as mutually agreed
between the Parties. 
 “Services” means the TriMas Services or the Horizon Services, individually, or the TriMas Services
and the Horizon Services, collectively, as the context may indicate. 
 “Systems” has the meaning set forth in Section
5.2(a). 
 “Term” has the meaning set forth in Section 6.1. 

“Term Extension” has the meaning set forth in Section 6.2. 

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

“TriMas Services” means the Services mutually agreed between the Parties to be provided by TriMas or any of its Subsidiaries
to Horizon and/or its Subsidiaries pursuant to this Agreement. 
 ARTICLE II 

PERFORMANCE AND SERVICES 
 Section 2.1
General. 
 (a) During the Term, and subject to the terms and conditions of this Agreement, TriMas will use commercially reasonable
efforts to provide, or cause to be provided, the TriMas Services to Horizon and its Subsidiaries. The applicable Fee for each TriMas Service will be the specified Fee for such TriMas Service as mutually agreed by the Parties and the applicable
Service Term for each TriMas Service will be the specified Service Term for such TriMas Service as mutually agreed by the Parties, in each case, subject to adjustment for each Term Extension as provided in Section 6.2. Notwithstanding
anything to the contrary contained herein, TriMas will have no obligation under this Agreement to: (i) operate the Horizon Business or any portion thereof (it being acknowledged and agreed by TriMas and Horizon that providing the TriMas
Services will not be deemed to be operating the Horizon Business or any portion thereof); (ii) advance funds or extend credit to Horizon; (iii) hire new employees for the purpose of providing the TriMas Services; (iv) provide TriMas
Services to any Person other than Horizon Entities; or (v) implement systems, processes, technologies, plans or initiatives developed, acquired or utilized by TriMas whether before or after the Distribution Date. 

(b) During the Term, and subject to the terms and conditions of this Agreement, Horizon will use commercially reasonable efforts to provide,
or cause to be provided, the Horizon Services to TriMas and the other TriMas Entities. The applicable Fee for each Horizon Service will be the specified Fee for such Horizon Service as mutually agreed by the Parties, and the applicable Service Term
for each Horizon Service will be the specified Service Term for such Horizon Service as mutually agreed by the Parties, in each case, subject to adjustment for each Term Extension as provided in Section 6.2. Notwithstanding anything to the
contrary contained herein, Horizon will 

  
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have no obligation under this Agreement to: (i) operate the TriMas Business or any portion thereof (it being acknowledged and agreed by TriMas and Horizon that providing the Horizon Services
will not be deemed to be operating the TriMas Business or any portion thereof); (ii) advance funds or extend credit to TriMas; (iii) hire new employees for the purpose of providing the Horizon Services; (iv) provide Horizon Services
to any Person other than TriMas Entities; or (v) implement systems, processes, technologies, plans or initiatives developed, acquired or utilized by Horizon whether before or after the Distribution Date. 

(c) Notwithstanding anything to the contrary in this Agreement, neither TriMas nor Horizon (nor any of their respective Subsidiaries) will be
required to perform Services hereunder or take any actions relating thereto that conflict with or violate any applicable Law, contract, license, sublicense, authorization, certification or permit. 

Section 2.2 Additional Services. 

(a) If Horizon reasonably determines that additional transition services (not previously agreed by the Parties) of the type previously
provided by the TriMas Group to the Horizon Business are necessary to conduct the Horizon Business, and Horizon or its Subsidiaries are not able to provide such services to the Horizon Business, then Horizon may provide written notice thereof to
TriMas. Upon receipt of such notice by TriMas, if TriMas is willing, in its sole discretion, to provide such additional service during the Term, the Parties will negotiate in good faith the terms of such additional service (each such service an
“Additional TriMas Service”), the terms and conditions for the provision of such Additional TriMas Service and the Fees payable by Horizon for such Additional TriMas Service, such Fees to be determined on an arm’s-length basis
with the intent that they reflect costs. 
 (b) If TriMas reasonably determines that additional transition Services (not previously agreed
by the Parties) of the type previously provided by the Horizon Group to the TriMas Business are necessary to conduct the TriMas Business, and TriMas or its Subsidiaries are not able to provide such services to the TriMas Business, then TriMas may
provide written notice thereof to Horizon. Upon receipt of such notice by Horizon, if Horizon is willing, in its sole discretion, to provide such additional service during the Term, the Parties will negotiate in good faith the terms of such
additional service (each such service an “Additional Horizon Service”), the terms and conditions for the provision of such Additional Horizon Service and the Fees payable by TriMas for such Additional Horizon Service, such Fees to
be determined on an arm’s-length basis with the intent that they reflect costs. 
 Section 2.3 Service Requests. Any requests by a Party to
the other Party regarding the Services or any modification or alteration to the provision of the Services must be made by an Authorized Representative (it being understood that the receiving Party will not be obligated to agree to any modification
or alteration requested thereby). Notwithstanding anything to the contrary hereunder, each Party may avail itself of the remedies set forth in Section 6.4 without fulfilling the notice requirements of this Section 2.3. 

  
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 Section 2.4 Access. 

(a) Subject to Section 5.2, Horizon, at the reasonable request of TriMas, will make available on a timely basis to TriMas all
information reasonably requested by TriMas to enable it to provide the TriMas Services. Horizon will give TriMas and its Affiliates, employees, agents and representatives, as reasonably requested by TriMas, reasonable access, during regular business
hours and at such other times as are reasonably required, to the premises of the Horizon Business for the purposes of providing the TriMas Services. 

(b) Subject to Section 5.2, TriMas, at the reasonable request of Horizon, will make available on a timely basis to Horizon all
information reasonably requested by Horizon to enable it to provide the Horizon Services. TriMas will give Horizon and its Affiliates, employees, agents and representatives, as reasonably requested by Horizon, reasonable access, during regular
business hours and at such other times as are reasonably required, to the premises of the TriMas Business for the purposes of providing the Horizon Services. 

Section 2.5 Books and Records; Retention and Transfer of Materials and Service Recipient Data. 

(a) For a period of 12 months following termination of this Agreement, the Service Provider will retain all books, records, files, databases
or computer software or hardware (including current and archived copies of computer files) (the “Materials”) with respect to matters relating to the Services provided to the Service Recipient hereunder that are in a form and contain
a level of detail substantially consistent with the records retention policies of the Service Provider prior to the Distribution Date (unless any such Materials have been delivered to the Service Recipient or the Service Recipient otherwise has a
copy of such Materials). The Service Provider will make such Materials available to the Service Recipient for its review, upon reasonable notice, at the Service Recipient’s expense, during regular business hours, including in order to verify
disputed charges under Section 4.6. If at any time during the 12-month period following the termination of this Agreement, the Service Recipient reasonably requests in writing that certain Materials be
delivered to the Service Recipient, the Service Provider promptly will arrange for the delivery of the requested Materials in a form reasonably requested by the Service Recipient to a location specified by, and at the expense of, the Service
Recipient. As promptly as practicable following the expiration of the Service Term (or earlier termination pursuant to Section 6.3) of a Service, the Service Provider will use commercially reasonable efforts to furnish to the Service
Recipient, and assist in the transition of Materials belonging to the Service Recipient and relating to such Service as clearly identified by the Service Recipient. 

(b) The Service Recipient Data will be and will remain the property of the Service Recipient. The Service Provider will use the Service
Recipient Data solely to provide the Services to the Service Recipient as set forth herein and for no other purpose whatsoever. During the Term, the Service Provider will, to the extent reasonably practicable, promptly provide the Service Recipient
Data to the Service 

  
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Recipient upon the Service Recipient’s reasonable request and at the Service Recipient’s expense. As promptly as practicable following the termination or expiration of this Agreement
for any reason, the Service Provider will use commercially reasonable efforts to deliver to the Service Recipient or destroy (and certify such destruction in writing if so requested by the Service Recipient), at Service Recipient’s option, all
Service Recipient Data; provided, however, that the Service Provider will not be required to erase or destroy Service Recipient Data included in computer files stored securely by the Service Provider that are created during automatic
system backups. 
 (c) Notwithstanding anything herein to the contrary, and subject to Section 5.1, the Service Provider may retain
copies of the Materials and the Service Recipient Data in accordance with policies and procedures implemented by the Service Provider to comply with applicable Law, professional standards or reasonable business practice, including document retention
policies as in effect from time to time and in accordance with past practices. Each Party will use commercially reasonable efforts to provide the other Party with notice of material modifications to its record retention policies in a timely manner.

 ARTICLE III 
 SERVICE QUALITY;
INDEPENDENT CONTRACTOR 
 Section 3.1 Service Quality. 

(a) The Service Provider will perform the Services in a manner and quality that is substantially consistent with the Party’s past
practice (including as to quantity) in performing the Services for the Business, and in any event in compliance with any terms or service levels mutually agreed by the Parties. The Service Recipient will use the Services in substantially the same
manner and on substantially the same scale as they were used by such Party and its Affiliates in the past practice of the Business, prior to the Distribution Date. 

(b) Each Party acknowledges and agrees that certain of the Services to be provided under this Agreement have been, and will continue to be
provided (in accordance with this Agreement) to the TriMas Business or the Horizon Business, as applicable, by Third Parties designated by the Party responsible for providing such Services hereunder. To the extent so provided, the Party responsible
for providing such Services will use commercially reasonable efforts to (i) cause such Third Parties to provide such Services under this Agreement and/or (ii) enable the Party seeking the benefit of such Services and its Subsidiaries to
avail itself of such Services; provided, however, that if any such Third Party is unable or unwilling to provide any such Services, the Parties agree to use their commercially reasonable efforts to determine the manner, if any, in
which such Services can best be provided (it being acknowledged and agreed that any costs or expenses to be incurred in connection with obtaining a Third Party to provide any such Services will be paid by the Party to which such Services are
provided; provided that the Party responsible for providing such Services will use commercially reasonable efforts to communicate the costs or expenses expected to be incurred in advance of incurring such costs or expenses). 

  
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 Section 3.2 Independent Contractor; Assets. 

(a) The Parties are independent contractors. All employees and representatives of a Party and any of its Subsidiaries involved in providing
Services will be under the exclusive direction, control and supervision of the Party or its Subsidiaries (or their subcontractors) providing such Services, and not of the Service Recipient. The Party or its Subsidiaries (or their subcontractors)
providing the Services will be solely responsible for compensation of its employees, and for all withholding, employment or payroll taxes, unemployment insurance, workers’ compensation, and any other insurance and fringe benefits with respect
to such employees. The Party or its Subsidiaries (or their subcontractors) providing the Services will have the exclusive right to hire and fire any of its employees in accordance with applicable Law. The Service Recipient will have no right to
direct and control any of the employees or representatives of the Party or its Subsidiaries (or their subcontractors) providing such Services. 

(b) All procedures, methods, systems, strategies, tools, equipment, facilities and other resources used by a Party, any of its Subsidiaries or
any Third Party service provider in connection with the provision of the Services hereunder will remain the property of such Party, its Subsidiaries or such service providers and, except as otherwise provided herein, will at all times be under the
sole direction and control of such Party, its Subsidiaries or such Third Party service provider. No license under any patents, know-how, trade secrets, copyrights or other rights is granted by this Agreement or any disclosure in connection with this
Agreement by either Party. 
 Section 3.3 Uses of Services. The Service Provider will be required to provide the Services only to the Service
Recipient and the Service Recipient’s Subsidiaries in connection with the Service Recipient’s operation of the Business. The Service Recipient may not resell any Services to any Person whatsoever or permit the use of such Services by any
Person other than in connection with the operation of the Business in the ordinary course of business. 
 Section 3.4 Transition of
Responsibilities. Each Party agrees to use commercially reasonable efforts to reduce or eliminate its and its Subsidiaries’ dependence on each Service as soon as is reasonably practicable. Each Party agrees to cooperate with the other Party
to facilitate the smooth transition of the Services being provided to the Service Recipient by the Service Provider. 
 Section 3.5 Disclaimer of
Warranties: Force Majeure. 
 (a) Except as expressly set forth in this Agreement: (i) each Party acknowledges and agrees that the
other Party makes no warranties of any kind with respect to the Services to be provided hereunder; and (ii) each Party hereby expressly disclaims all warranties with respect to the Services to be provided hereunder, as further set forth
immediately below. 

  
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 EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE SERVICES TO BE PROVIDED UNDER THIS AGREEMENT
WILL BE PROVIDED AS-IS, WHERE-IS, WITH ALL FAULTS, AND WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF NON-INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CONFORMITY TO ANY REPRESENTATION OR DESCRIPTION,
TITLE OR ANY OTHER WARRANTY WHATSOEVER. 
 (b) Notwithstanding anything to the contrary contained in this Agreement, the obligations of the
Parties under this Agreement with respect to any Service shall be suspended during the period and to the extent that such Party as Service Provider is prevented or hindered from providing such Service, or such Party as Service Recipient is prevented
or hindered from receiving such Service, due to any event that is beyond such Party’s reasonable control (such events, “Interruption Events”), including any Law or act of any Governmental Authority, riot, war, invasion, civil
unrest, terrorism, insurrection or other hostilities, embargo, blockade, fuel or energy shortage, equipment breakdowns, power failure, pandemic, epidemic, explosion, fire, flood, earthquake or act of God, strikes, lockouts, labor shortages, or other
industrial disturbances failure of a Third Party to satisfy its contractual obligations, or any other similar event; provided, however, that the affected Party promptly notifies the other Party, in writing, upon learning of the
occurrence of the Interruption Event. Subject to compliance with the foregoing, a Party’s obligations hereunder will be postponed for such time as its performance is suspended or delayed on account of the Interruption Event and, upon the
cessation of the Interruption Event, such Party will use commercially reasonable efforts to resume promptly its performance hereunder. 

ARTICLE IV 
 FEES; PAYMENT 

Section 4.1 Fees. The Service Recipient will pay the Service Provider the Fees, as mutually agreed by the Parties, for the Services provided by
such Service Provider under this Agreement. The Fees for any Service are subject to adjustment for each Term Extension as provided in Section 6.2. 

Section 4.2 Taxes. To the extent required or permitted by applicable Law, there will be added to any Fees due under this Agreement, and each Party
agrees to pay to the other, amounts equal to any taxes, however designated or levied, based upon such Fees, or upon this Agreement or the Services provided under this Agreement, or their use, including state and local privilege or excise taxes based
on gross revenue and any taxes or amounts in lieu thereof paid or payable by the Service Provider hereunder. In the event taxes are not added to an invoice from the Service Provider hereunder, the Service Recipient is responsible to remit to the
appropriate tax jurisdiction any additional amounts due including tax, interest and penalty. The Parties will cooperate with each other to minimize any of these taxes to the extent reasonable. If additional amounts are determined to be due on the
Services provided hereunder as a result of an audit by a tax jurisdiction, the Service Recipient hereunder agrees to reimburse the Service Provider for the additional amounts due including tax, interest and penalty. The Party

  
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obligated to make such reimbursement will have the right to contest the assessment with the tax jurisdiction at its own expense. The Service Provider hereunder will be responsible for penalty or
interest associated with its failure to remit invoiced taxes. The Parties further agree that, notwithstanding the foregoing, neither Party will be required to pay any franchise taxes, taxes based on the income of the other Party or personal property
taxes on property owned or leased by a Party and used by such Party to provide Services. Notwithstanding anything else in this Agreement to the contrary, the obligations of this Section 4.2 will remain in effect until the expiration of the
relevant statutes of limitation. 
 Section 4.3 Invoices and Payment. Unless otherwise agreed by the Parties in connection with a Service,
within five days following the end of each month during the Term (or within five days after receipt of a Third Party supplier’s invoice in the case of Services that are provided by a Third Party supplier), the Service Provider will submit to
the Service Recipient for payment a written statement of amounts due under this Agreement for such month. The statement will set forth the Fees, in the aggregate and itemized based on the descriptions of the Services as mutually agreed by the
Parties. Each statement will specify the nature of any amounts due for any Fees and will contain reasonably satisfactory documentation in support of such amounts as specified therein and such other supporting detail as the Service Recipient may
reasonably require to validate such amounts due. 
 Section 4.4 Timing of Payment; No Offsets. Unless otherwise agreed by the Parties in
connection with a Service, each Party will pay all amounts due pursuant to this Agreement no later than 30 days following the end of each month during the Term (or, in the case of Services that are provided by a Third Party supplier, no later than
30 days following the end of the billing period for such Services) (the “Payment Due Date”). Neither Party will offset any amounts owing to it by the other Party or any of its Subsidiaries against amounts payable by such Party
hereunder or any other agreement or arrangement. All timely payments under this Agreement will be made without early payment discount. 
 Section 4.5
Non-Payment. If either Party fails to pay the full amount of any invoice by the Payment Due Date, such failure will be considered a material default under this Agreement. The remedies provided to each Party by this Section
4.5 and by Section 6.4 will be cumulative with respect to any other applicable provisions of this Agreement. Payments made after the date they are due will bear interest at an annual rate equal to that announced publicly by
The Wall Street Journal as its prime rate (the “Prime Rate”) plus 2.0% (compounded monthly). 
 Section 4.6 Payment
Disputes. The Service Recipient may object to any amounts for any Service invoiced to it at any time before, at the time of, or after payment is made, provided such objection is made in writing to the Service Provider within 60 days following
the end of the Term. The Service Recipient will timely pay the disputed items in full while resolution of the dispute is pending; provided, however, that the Service Provider will pay interest at an annual rate equal to the Prime Rate
plus 2.0% (compounded monthly) on any amounts it is required to return to the Service Recipient 

  
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upon resolution of the dispute. Payment of any amount will not constitute approval thereof. Any dispute under this Section 4.6 will be resolved in accordance with the provisions of
Section 7.8. 
 ARTICLE V 

CONFIDENTIALITY 
 Section 5.1
Confidentiality. Each Party agrees that the specific terms and conditions of this Agreement and any information, Service Recipient Data and Materials conveyed or otherwise received by or on behalf of a Party in conjunction herewith are
confidential and are subject to the terms of the confidentiality provisions set forth in Section 7.7 of the Separation Agreement. 
 Section 5.2
Security. 
 (a) If either Party (including its Affiliates and their employees, authorized agents and subcontractors) is given access
to the other Party’s computer systems or software (collectively, “Systems”), premises, equipment, facilities or data in connection with the Transition Services, the Party given access (the “Availed Party”) will
comply with (and will cause its Affiliates, and their employees, authorized agents and subcontractors to comply with) all of the other Party’s policies and procedures in relation to the use and access of the other Party’s Systems,
premises, equipment, facilities or data (collectively, “Safety and Security Policies”), and will not tamper with, compromise or circumvent any safety, security or audit measures employed by such other Party. The Availed Party will
access and use only those Systems, premises, equipment, facilities and data of the other Party for which it has been granted the right to access and use. 

(b) Each Party will use commercially reasonable efforts to ensure that only those of its personnel who are specifically authorized to have
access to the Systems, premises, equipment, facilities and data of the other Party gain such access, and use commercially reasonable efforts to prevent unauthorized access, use, destruction, alteration or loss of such Systems, premises, equipment,
facilities or data (including, in each case, any information contained therein), including notifying its personnel of the restrictions set forth in this Agreement and of the Safety and Security Policies. 

(c) If, at any time, the Availed Party determines that any of its personnel has sought to circumvent, or has circumvented, the Safety and
Security Policies, that any unauthorized Availed Party personnel has accessed the Systems, premises, equipment, facilities or data, or that any of its personnel has engaged in activities that may lead to the unauthorized access, use, destruction,
alteration or loss of, or damage to, premises, facilities, equipment, data, information or software of the other Party, the Availed Party will promptly terminate any such person’s access to the Systems, premises, equipment, facilities or data
and promptly notify the other Party. In addition, such other Party will have the right to deny personnel of the Availed Party access to its Systems, premises, equipment, facilities or data upon notice to the Availed Party in the event that the other
Party reasonably believes that such personnel have engaged in any of the activities set forth above in this Section 5.2(c) or otherwise pose a security concern. The Availed 

  
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Party will use commercially reasonable efforts to cooperate with the other Party in investigating any apparent unauthorized access to such other Party’s Systems, premises, equipment,
facilities or data. 
 (d) If any Systems, premises, equipment or facilities of a Party are damaged (ordinary wear and tear excepted) due to
the conduct of the Availed Party or any of its Affiliates, or their employees, authorized agents or subcontractors, the Availed Party will be liable to the other Party for all costs associated with such damage, to the extent such costs exceed any
available insurance proceeds. 
 ARTICLE VI 

TERMINATION 
 Section 6.1 Term. The
term of this Agreement (the “Term”) will commence on the Distribution Date and end on the earliest to occur of (a) December 31, 2016, subject to Section 6.2, (b) the date on which the provision of all Services
has been terminated by the Parties pursuant to Section 6.3 and (c) the date this Agreement is terminated pursuant to Section 6.4. 

Section 6.2 Option to Extend Term. Upon written request from the Service Recipient delivered to the Service Provider no later than 30 days (or
such other time mutually agreed by the Parties with respect to such Service), prior to the end of the Service Term for such Service, the Parties will extend the Service Term of such Service for such period mutually agreed by the Parties with respect
to such Service, on the terms and conditions contained in this Agreement (such extension, a “Term Extension”). In the event a Term Extension for a Service would exceed the Term of this Agreement, the Term of this Agreement will be
extended for the duration of the Term Extension. The Parties agree that, during the Term Extension for a Service, unless otherwise mutually agreed by the Parties with respect to such Service, the Fees for such Service will be increased by an
additional 25% of the Fee for such Service. 
 Section 6.3 Partial Termination. 

(a) The Service Recipient will provide no less than 30 days written notice (unless a shorter time is mutually agreed upon by the Parties or
unless otherwise mutually agreed by the Parties with respect to a Service) to the Service Provider of any Services that, prior to the expiration of the Service Term or Term Extension, are no longer needed from the Service Provider, in which case
this Agreement will terminate as to such Services (a “Partial Termination”). The Parties will mutually agree as to the effective date of any Partial Termination. 

(b) In the event of any termination prior to the scheduled expiration of the Service Term or of any Partial Termination hereunder,
(i) with respect to any terminated Services in which the Fee for such terminated Services is charged as a flat monthly rate, if termination occurs other than the end of the month, the Fee for that month will be pro rated to reflect a partial
month, and (ii) with respect to any other terminated Services, all amounts due pursuant to the terms hereof with respect to the terminated 

  
 -11- 

 
Services will be appropriately pro rated and reduced to reflect such shortened period during which such Services are actually provided hereunder, and each Party will refund to the other Party an
appropriate pro rated amount for any such Services that have been paid for by such other Party in advance. To the extent any amounts due or advances made hereunder related to costs or expenses that have been or will be incurred and that cannot be
recovered by the Service Provider, such amounts due or advances made will not be prorated or reduced and the Service Provider will not be required to refund to the Service Recipient any prorated amount for such costs or expenses; and the Service
Recipient will reimburse the Service Provider for (i) Service Recipient’s proportional share of any Third Party costs or charges that are required to be paid in connection with the provision of any Services and that cannot be terminated
and (ii) any Third Party cancellation or similar charges incurred as a result of the Service Recipient’s early termination. 
 Section 6.4
Termination of Entire Agreement. Subject to the provisions of Section 6.6, a Party will have the right to terminate this Agreement or effect a Partial Termination effective upon delivery of written notice to the other Party if the
other Party: 
 (a) makes an assignment for the benefit of creditors, or becomes bankrupt or insolvent, or is petitioned into bankruptcy, or
takes advantage (with respect to its own property and business) of any state, federal or foreign bankruptcy or insolvency act, or if a receiver or receiver/manager is appointed for all or any substantial part of its property and business and such
receiver or receiver/manager remains undischarged for a period of 30 days; or 
 (b) materially defaults in the performance of any of its
covenants or obligations contained in this Agreement (or, in the case of a Partial Termination, with respect to the Services being terminated) and such default is not remedied to the non-defaulting
Party’s reasonable satisfaction within 30 days after receipt of written notice by the defaulting Party informing such Party of such default, or if such default is not capable of being cured within 30 days, if the defaulting Party has not
promptly begun to cure the default within such 30-day period and thereafter proceeded with all diligence to cure the same. 
 Section 6.5 Procedures
on Termination. Following any termination of this Agreement or Partial Termination, each Party will cooperate with the other Party as reasonably necessary to avoid disruption of the ordinary course of the other Party’s and its
Subsidiaries’ businesses. Termination will not affect any right to payment for Services provided prior to termination. 
 Section 6.6 Effect of
Termination. Section 4.1 and Section 4.2 (in each case, with respect to Fees and Taxes attributable to periods prior to termination), Section 2.5, Section 3.2, Section 4.3, Section 4.4, Section
4.6, and Section 6.5, this Section 6.6 and ARTICLE I, ARTICLE V, ARTICLE VII and ARTICLE VIII will survive any termination of this Agreement. In the event of a Partial Termination, this Agreement will
remain in full force and effect with respect to the Services which have not been terminated by the Parties as provided herein. For the avoidance of doubt, 

  
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the termination of this Agreement with respect to the TriMas Services but not the Horizon Services, or with respect to the Horizon Services but not the TriMas Services, will not be a
termination of this Agreement. 
 ARTICLE VII 

INDEMNIFICATION AND DISPUTE RESOLUTION 

Section 7.1 Limitation of Liability. 

(a) No Party nor any of such Party’s Affiliates will be liable, whether in contract, tort (including negligence and strict liability) or
otherwise, for any special, indirect, punitive, incidental or consequential damages whatsoever that in any way arise out of, relate to, or are a consequence of, its performance or nonperformance hereunder, or the provision of or failure to provide
any Service hereunder, including loss of profits, diminution in value, business interruptions and claims of customers, whether or not such damages are foreseeable or any Party has been advised of the possibility or likelihood of such damages. 

(b) Except for Liabilities arising out of or related to the willful misconduct or bad faith of the defaulting Party or in respect of
Section 5.2(d) or ARTICLE VII, in no event will a Party’s aggregate liability arising under or in connection with this Agreement (or the provision of Services hereunder) exceed the Fees paid or payable to such Party from the other
Party pursuant to this Agreement in respect of the Service from which such Liability flows. 
 (c) Each Party will use commercially
reasonable efforts to mitigate the Liabilities for which the other is responsible hereunder. 
 Section 7.2 Indemnification by Horizon. Horizon
will indemnify, defend and hold harmless each of the TriMas Indemnified Parties for any Liabilities attributable to any Third-Party Claims asserted against them to the extent arising from or relating to: (i) any material breach of this
Agreement by Horizon; (ii) any willful misconduct or bad faith by Horizon, the other Horizon Entities, or its or their employees, suppliers or contractors, in the provision of the Horizon Services by Horizon, the other Horizon Entities or its
or their employees, suppliers or contractors pursuant to this Agreement; and (iii) the provision of the TriMas Services by TriMas, the other TriMas Entities or its or their employees, suppliers or contractors, except to the extent that such
Third-Party Claims for Liabilities are Finally Determined to have arisen out of the material breach of this Agreement, willful misconduct or bad faith of TriMas, the other TriMas Entities or its or their employees, suppliers or contractors in
providing the TriMas Services. 
 Section 7.3 Indemnification by TriMas. TriMas will indemnify, defend and hold harmless each of the Horizon
Indemnified Parties for any Liabilities attributable to any Third-Party Claims asserted against them to the extent arising from or relating to: (i) any material breach of this Agreement by TriMas; (ii) any willful misconduct or bad faith
by TriMas, the other TriMas Entities, or its or their employees, suppliers or contractors, in the provision of the TriMas Services by TriMas, the other TriMas Entities or its or their 

  
 -13- 

 
employees, suppliers or contractors pursuant to this Agreement; and (iii) the provision of the Horizon Services by Horizon, the other Horizon Entities or its or their employees, suppliers or
contractors, except to the extent that such Third-Party Claims for Liabilities are Finally Determined to have arisen out of the material breach of this Agreement, willful misconduct or bad faith of Horizon, the other Horizon Entities or its or their
employees, suppliers or contractors in providing the Horizon Services. 
 Section 7.4 Exclusive Remedy. Except for equitable relief and rights
pursuant to Section 4.2, Section 4.5 or ARTICLE V, the indemnification provisions of this ARTICLE VII will be the exclusive remedy for breach of this Agreement. 

Section 7.5 Risk Allocation. Each Party agrees that the Fees charged under this Agreement reflect the allocation of risk between the Parties,
including the disclaimer of warranties in Section 3.5(a) and the limitations on liability in Section 7.1. Modifying the allocation of risk from what is stated here would affect the Fees that each Party charges, and in consideration of
those Fees, each Party agrees to the stated allocation of risk. 
 Section 7.6 Indemnification Procedures. All claims for indemnification
pursuant to Section 5.2(d) or this ARTICLE VII will be made in accordance with the provisions set forth in Article V of the Separation Agreement. Notwithstanding anything to the contrary hereunder, neither Party may assert against the
other Party or submit to arbitration or legal proceedings any cause of action, dispute or claim for indemnification which accrued more than two years after the later of (a) the occurrence of the act or event giving rise to the underlying cause
of action, dispute or claim and (b) the date on which such act or event was, or should have been, in the exercise of reasonable due diligence, discovered by the Party asserting the cause of action, dispute or claim. 

Section 7.7 Express Negligence. THE INDEMNITY, RELEASES AND LIMITATIONS OF LIABILITY IN THIS AGREEMENT (INCLUDING ARTICLE II AND THIS
ARTICLE VII) ARE INTENDED TO BE ENFORCEABLE AGAINST THE PARTIES IN ACCORDANCE WITH THE EXPRESS TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT INDEMNITIES
BECAUSE OF THE NEGLIGENCE OR GROSS NEGLIGENCE (WHETHER SOLE, JOINT OR CONCURRENT OR ACTIVE OR PASSIVE) OR OTHER FAULT OR STRICT LIABILITY OF ANY OF THE INDEMNIFIED PARTIES. 

Section 7.8 Dispute Resolution. Except for claims arising under ARTICLE V, any Dispute arising out of or relating to this Agreement will be
resolved as provided in Article VII of the Separation Agreement. 

  
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 ARTICLE VIII 

MISCELLANEOUS 
 Section 8.1 Amendment and
Modification. This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed on behalf of each
Party. 
 Section 8.2 Waiver. No failure or delay of any Party in exercising any right or remedy under this Agreement will operate as a waiver
thereof, nor will any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of
any other right or power. Any agreement on the part of any Party to any such waiver will be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party. 

Section 8.3 Notices. All notices and other communications hereunder will be in writing and will be deemed duly given (a) on the date of
delivery if delivered personally, or if by facsimile or electronic transmission, upon written confirmation of receipt by facsimile, e-mail or otherwise, (b) on the first Business Day following the date of dispatch if delivered utilizing a
next-day service by a recognized next-day courier or (c) on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All
notices hereunder will be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by the Party to receive such notice: 

If to TriMas: 

TriMas Corporation 

39400 Woodward Avenue, Suite 130 

Bloomfield Hills, MI 48304 

Attention: Josh Sherbin, General Counsel and Chief Compliance Officer 

Facsimile: (248) 631-5413 

if to Horizon: 

Horizon Global Corporation 

39400 Woodward Avenue, Suite 100 

Bloomfield Hills, MI 48304 

Attention: Jay Goldbaum, Legal Director 

Facsimile: (248) 203-6434 

Section 8.4 Entire Agreement. This Agreement, including the Annexes hereto and the sections of the Separation Agreement referenced herein,
constitutes the entire agreement between the Parties with respect to the subject matter of this Agreement, and supersedes all prior agreements, negotiations, discussions, understandings and commitments, written or oral, between the Parties with
respect to such subject matter. 

  
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 Section 8.5 No Third-Party Beneficiaries. Except to the extent otherwise provided in ARTICLE
VII, nothing in this Agreement or the Ancillary Agreements, express or implied, is intended to or will confer upon any Person other than the Parties to this Agreement and such Ancillary Agreements and their respective successors and permitted
assigns any legal or equitable right, benefit or remedy of any nature under or by reason of this Agreement or the Ancillary Agreements. 
 Section 8.6
Governing Law. This Agreement will be governed by and construed and enforced in accordance with the substantive Laws of the State of Delaware, without regard to any conflicts of law provision or rule thereof that would result in the
application of the Laws of any other jurisdiction. 
 Section 8.7 Assignment. Except as specifically provided in this Agreement, neither this
Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in whole or in part, by operation of law or otherwise, by either Party without the prior written consent of the other Party to this Agreement or such
rights, interests or obligations being so assigned or delegated, and any such assignment without such prior written consent will be null and void. If any Party to this Agreement (or any of its successors or permitted assigns) (a) will
consolidate with or merge into any other Person and will not be the continuing or surviving corporation or entity of such consolidation or merger or (b) will transfer all or substantially all of its properties and/or Assets to any Person, then,
and in each such case, the Party (or its successors or permitted assigns, as applicable) will ensure that such Person assumes all of the obligations of such Party (or its successors or permitted assigns, as applicable) under this Agreement and all
applicable Ancillary Agreements, in which case the consent described in the previous sentence will not be required. 
 Section 8.8 Severability.
Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable Law, but if any provision or portion of any provision of this Agreement is held to be
invalid, illegal or unenforceable in any respect under any applicable Law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this
Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained in this Agreement. 

Section 8.9 Execution in Counterparts. This Agreement may be executed in one or more counterparts, and by the different Parties in separate
counterparts, each of which when executed will be deemed to be an original but all of which taken together will constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or portable
document format (PDF) will be as effective as delivery of a manually executed counterpart of any such Agreement. 
 Section 8.10 Rules of
Construction. Interpretation of this Agreement will be governed by the following rules of construction: (a) words in the singular will be held to include the plural and vice versa and words of one gender will be held to include the other

  
 -16- 

 
gender as the context requires, (b) references to the terms Article, Section, paragraph, clause, Exhibit and Schedule are references to the Articles, Sections, paragraphs, clauses, Exhibits
and Schedules of this Agreement unless otherwise specified, (c) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Annexes,
Schedules and Exhibits hereto, (d) references to “$” will mean U.S. dollars, (e) the word “including” and words of similar import when used in this Agreement will mean “including without limitation,” unless
otherwise specified, (f) the word “or” will not be exclusive, (g) the word “will” will be construed to have the same meaning and effect as the word “shall”; (h) references to “written” or
“in writing” include in electronic form, (i) provisions will apply, when appropriate, to successive events and transactions, (j) the table of contents and headings contained in this Agreement are for reference purposes only and
will not affect in any way the meaning or interpretation of this Agreement, (k) the Parties have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should arise, this Agreement
will be construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or burdening either Party by virtue of the authorship of any of the provisions in this Agreement or any interim drafts of this
Agreement, and (l) a reference to any Person includes such Person’s successors and permitted assigns. 
 Section 8.11 Successors and
Assigns. This Agreement will be binding upon and inure to the benefit of the Parties and their successors and permitted assigns; provided, however, that the rights and obligations of either Party under this Agreement will not be
assignable by such Party without the prior written consent of the other Party. The successors and permitted assigns hereunder will include any permitted assignee as well as the successors in interest to such permitted assignee (whether by merger,
liquidation (including successive mergers or liquidations) or otherwise). 
 Section 8.12 Performance. Each Party will cause to be performed,
and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such Party. 

Section 8.13 No Public Announcement. Neither TriMas nor Horizon will, without the approval of the other, make any press release or other public
announcement concerning the transactions contemplated by this Agreement, except as and to the extent that either Party is obligated by Law or the rules of any regulatory body, stock exchange or quotation system, in which case the other Party will be
advised and the Parties will use commercially reasonable efforts to cause a mutually agreeable release or announcement to be issued; provided, however, that the foregoing will not preclude communications or disclosures necessary to
implement the provisions of this Agreement or to comply with applicable Law, accounting and SEC disclosure obligations or the rules of any stock exchange. 

[Signatures on Following Page] 

  
 -17- 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first
written above by their respective duly authorized officers. 
  

					
	 TRIMAS CORPORATION

			
			By:		  

			Name:		
			Title:		
	
	 HORIZON GLOBAL CORPORATION

			
			By:		  

			Name:		
			Title:		

 Annex A 

AUTHORIZED REPRESENTATIVES 
  

			
	 TRIMAS
		HORIZON
	 TriMas Corporation
		Horizon Global Corporation
	 39400 Woodward Avenue, Suite 130
		39400 Woodward Avenue, Suite 100
	 Bloomfield Hills, MI 48304
		Bloomfield Hills, MI 48304
		
	 Robert Zalupski
		David Rice
	 Chief Financial Officer
		Chief Financial Officer
		
	 Joshua Sherbin
		Jay Goldbaum
	 General Counsel
		Legal DirectorExhibit 10.4

 Exhibit 10.4 

NONCOMPETITION AND NONSOLICITATION AGREEMENT 

BETWEEN 
 TRIMAS CORPORATION 

AND 
 HORIZON GLOBAL CORPORATION

 Dated [                    ], 2015

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
	  	    DEFINITIONS	  	 	2	  
			
	     1.1
	  	Certain Definitions	  	 	2	  
			
	 ARTICLE II
	  	    TRIMAS NONCOMPETITION COVENANTS	  	 	3	  
			
	     2.1
	  	Restrictions	  	 	3	  
			
	     2.2
	  	TriMas Exception for Stock Ownership	  	 	3	  
			
	     2.3
	  	TriMas Exception for Acquisition	  	 	3	  
			
	     2.4
	  	TriMas Nonsolicitation	  	 	3	  
			
	 ARTICLE III
	  	    HORIZON NONCOMPETITION COVENANTS	  	 	4	  
			
	     3.1
	  	Restrictions	  	 	4	  
			
	     3.2
	  	Horizon Exceptions for Stock Ownership	  	 	4	  
			
	     3.3
	  	Horizon Exception for Acquisition	  	 	4	  
			
	     3.4
	  	Horizon Nonsolicitation	  	 	4	  
			
	 ARTICLE IV
	  	    TERM	  	 	4	  
			
	     4.1
	  	Term	  	 	4	  
			
	 ARTICLE V
	  	    DISPUTE RESOLUTION	  	 	5	  
			
	     5.1
	  	Dispute Resolution	  	 	5	  
			
	 ARTICLE VI
	  	    MISCELLANEOUS	  	 	5	  
			
	     6.1
	  	Termination	  	 	5	  
			
	     6.2
	  	Immediate Right of Termination	  	 	5	  
			
	     6.3
	  	Amendment and Modification	  	 	5	  
			
	     6.4
	  	Waiver	  	 	5	  
			
	     6.5
	  	Notices	  	 	5	  
			
	     6.6
	  	Entire Agreement	  	 	6	  
			
	     6.7
	  	Execution and Delivery	  	 	6	  
			
	     6.8
	  	No Third-Party Beneficiaries	  	 	6	  
			
	     6.9
	  	Governing Law	  	 	7	  
			
	     6.10
	  	Assignment	  	 	7	  
			
	     6.11
	  	Severability	  	 	7	  
			
	     6.12
	  	Modifications	  	 	7	  
			
	     6.13
	  	Rules of Construction	  	 	7	  
			
	     6.14
	  	Counterparts	  	 	8	  

 NONCOMPETITION AND NONSOLICITATION AGREEMENT 

This NONCOMPETITION AND NONSOLICITATION AGREEMENT (this “Agreement”), dated as of
[                    ], 2015 (the “Effective Date”), is between TriMas Corporation, a Delaware corporation (“TriMas
Corporation”), and Horizon Global Corporation, a Delaware corporation (“Horizon Global Corporation”). 
 RECITALS

 A. Pursuant to the Separation and Distribution Agreement (the “Separation Agreement”) dated as of
[                    ], 2015, TriMas has agreed to distribute to its stockholders all of the outstanding shares of common stock of Horizon Global
Corporation owned by TriMas Corporation (the “Distribution”). 
 B. Before the Distribution, TriMas Corporation operated the Horizon
Business (as defined in the Separation Agreement) together with its other businesses as part of an integrated company for over thirty years. In December 2014, TriMas Corporation’s Board of Directors decided to separate the Horizon Business (as
defined in the Separation Agreement) from the TriMas Business into two separate publicly traded companies, so that each can focus on its own distinct growth strategy within its respective core market. 

C. Following the Distribution, TriMas will continue to conduct the TriMas Business (as defined in the Separation Agreement) and Horizon will continue to
conduct the Horizon Business (as defined in the Separation Agreement). 
 D. In connection with the Distribution, TriMas has transferred certain assets to
Horizon, which may, because of the nature of the assets, contain proprietary information and/or trade secrets still owned by TriMas. 
 E. Horizon’s
employees were formerly employees of TriMas and, because of the synergies and interactions between the two aspects of TriMas’s business before the Distribution, maintain in their minds and memories proprietary information and trade secrets
owned by TriMas. 
 F. Employees remaining with TriMas, because of the synergies and interactions between the two aspects of TriMas’s business before
the Distribution, maintain in their minds and memories proprietary information and trade secrets now owned by Horizon. 
 G. In connection with the
Distribution and in furtherance of the aims of the Distribution, to permit TriMas and Horizon each to tailor their respective business strategies to best address market opportunities in their respective industries and to permit the shareholders of
TriMas and Horizon to enjoy the anticipated benefits of the separation of TriMas into two separate entities and maintain each Party’s value and goodwill, it is necessary for each Party to temporarily limit its activities in the other
Party’s business as set forth herein. 

 In consideration of the foregoing and the mutual covenants and agreements contained in this
Agreement, and intending to be legally bound hereby, the Parties agree as follows: 
 ARTICLE I 

DEFINITIONS 
 1.1 Certain
Definitions. The following terms, as used herein, have the following meanings: 
 “Agreement” has the meaning set forth
in the Preamble. 
 “Business Day” means a day other than a Saturday, Sunday or other day on which commercial banks in New
York City are authorized or required by Law to close. 
 “Compete” or “Competing” means (a) to
conduct or participate or engage in, or bid for or otherwise pursue, a business, whether as a principal, partner, joint venturer, or owner of any debt or equity interest or (b) to directly solicit customers in combination with or on behalf of
any Person that conducts, participates or engages in, or bids for or otherwise pursues, a business. 
 “Dispute” has the
meaning set forth in Section 5.1. 
 “Distribution” has the meaning set forth in the Recitals. 

“Distribution Date” has the meaning set forth in the Separation Agreement. 

“Governmental Authority” means any federal, state, local or foreign government (including any political or other subdivision
or judicial, legislative, executive or administrative branch, agency, commission, authority or other body of any of the foregoing). 

“Horizon” means Horizon Global Corporation and its direct and indirect Subsidiaries as of and following the Distribution.

 “Horizon Restricted Business” means (a) the business and operations conducted by Horizon or TriMas prior to the
Distribution comprising what is referred to in the TriMas 10-K (as defined in the Separation Agreement) as the Cequent APEA and Cequent Americas segments; (b) any other business primarily related to the business conducted by the Cequent APEA
and Cequent Americas segments as of or prior to the Distribution Date; and (c) the business and operations related to Asian Sourcing Office and Hong Kong Trading Company as of or prior to the Distribution Date. 

“Law” means any statute, law, ordinance, regulation, rule, code or other requirement of a Governmental Authority or any
order, writ, judgment, injunction, decree or award entered by or with any Governmental Authority. 
 “Party” and
“Parties” mean TriMas and Horizon individually or collectively. 

  
 -2- 

 “Person” means an individual, corporation, partnership, limited liability
company, association, trust or other entity or organization, including a Governmental Authority. 
 “Separation Agreement”
has the meaning set forth in the Recitals. 
 “Subsidiary” of any Person means another Person (a) in which the first
Person owns, directly or indirectly, an amount of the voting securities, voting partnership interests or other voting ownership sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no such
voting securities, interests or ownership, a majority of the equity interests in such other Person), or (b) of which the first Person otherwise has the power to direct the management and policies. A Subsidiary may be owned directly or
indirectly by such first Person or by another Subsidiary of such first Person. 
 “Term” has the meaning set forth in
Section 4.1. 
 “TriMas” means TriMas Corporation and its direct and indirect Subsidiaries, other than Horizon.

 “TriMas Restricted Business” means the business and operations conducted by TriMas prior to the Distribution comprising
what is referred to in the TriMas 10-K (as defined in the Separation Agreement) as the Packaging, Energy, Aerospace and Engineered Components segments. 

ARTICLE II 
 TRIMAS NONCOMPETITION
COVENANTS 
 2.1 Restrictions. During the Term and subject to the exclusions, exceptions and limitations expressly set forth in this
Agreement, TriMas will not Compete, directly or indirectly, in the Horizon Restricted Business anywhere in the world. 
 2.2 TriMas
Exception for Stock Ownership. Notwithstanding Section 2.1, nothing in this Agreement will restrict TriMas from owning less than 5% of the outstanding stock of any publicly traded corporation. 

2.3 TriMas Exception for Acquisition. Notwithstanding Section 2.1, nothing in this Agreement will restrict TriMas from
acquiring an entity, a portion of which competes with Horizon in the Horizon Restricted Business, provided that the portion of the acquired entity that competes with Horizon in the Horizon Restricted Business represents no more than 5% of the
acquired entity. 
 2.4 TriMas Nonsolicitation. During the Term, TriMas will not, directly or indirectly, on its own behalf or in
conjunction with any Person, recruit, solicit, or induce, or attempt to recruit, solicit or induce, any non-clerical employee of Horizon to terminate his or her employment relationship with Horizon. The foregoing restriction does not include the
placement of general advertisements for employment with TriMas in the same types of print or electronic publications used by TriMas to advertise for employment prior to the Effective Date and consistent with TriMas practice prior to the Effective
Date. TriMas will advise any third parties recruiting on TriMas’s behalf of the obligation set forth in this Section 2.4 and will direct those third parties to comply with that obligation. 

  
 -3- 

 ARTICLE III 

HORIZON NONCOMPETITION COVENANTS 

3.1 Restrictions. During the Term and subject to the exclusions, exceptions and limitations expressly set forth in this Agreement,
Horizon will not Compete, directly or indirectly, in the TriMas Restricted Business anywhere in the world. 
 3.2 Horizon Exceptions for
Stock Ownership. Notwithstanding Section 3.1, nothing in this Agreement will restrict Horizon from owning less than 5% of the outstanding stock of any publicly traded corporation. 

3.3 Horizon Exception for Acquisition. Notwithstanding Section 3.1, nothing in this Agreement will restrict Horizon from
acquiring an entity, a portion of which competes with TriMas in the TriMas Restricted Business, provided that the portion of the acquired entity that competes with TriMas in the TriMas Restricted Business represents no more than 5% of the
acquired entity. 
 3.4 Horizon Nonsolicitation. During the Term, Horizon will not, directly or indirectly, on its own behalf or in
conjunction with any Person, recruit, solicit, or induce, or attempt to recruit, solicit or induce, any non-clerical employee of TriMas to terminate their employment relationship with TriMas. The foregoing restriction does not include the placement
of general advertisements for employment with Horizon in the same types of print or electronic publications used by TriMas to advertise for employment prior to the Effective Date and consistent with TriMas practice prior to the Effective Date.
Horizon will advise any third parties recruiting on Horizon’s behalf of the obligation set forth in this Section 3.4 and will direct those third parties to comply with that obligation. 

ARTICLE IV 
 TERM 

4.1 Term. Subject to the provisions of Section 6.1, the term of this Agreement (the “Term”) will
commence on the Effective Date and end on the fifth anniversary of the Effective Date. The Parties agree said Term is reasonable and appropriate based upon, inter alia, the proprietary information, trade secrets and intellectual property
shared by the Parties and consideration contributed by each Party with respect to the separation of Horizon from TriMas and forming the bases of the various agreements described in the Recitals. If, however, a court of competent jurisdiction in a
country shall find that such period is not permissible with respect to that jurisdiction or country, then in such case, this Agreement will terminate, with respect to such jurisdiction or country only, at the end of the maximum period of time
permissible under applicable Law, but shall remain in full force and effect in all other jurisdictions. 

  
 -4- 

 ARTICLE V 

DISPUTE RESOLUTION 
 5.1
Dispute Resolution. The Parties will use commercially reasonable efforts to resolve expeditiously and on a mutually acceptable negotiated basis any dispute or disagreement between the Parties arising out of or relating to this Agreement (a
“Dispute”) exclusively in accordance with the provisions of Article VIII of the Separation Agreement. The defined terms therein shall have the meanings assigned therein; provided, however, “Dispute” shall
have the meaning assigned to it herein. 
 ARTICLE VI 

MISCELLANEOUS 
 6.1
Termination. This Agreement may be terminated by the board of directors of TriMas, in its sole and absolute discretion, at any time prior to the Distribution Date. In the event of any termination of this Agreement prior to the Distribution
Date, no Party (or any of their respective directors or officers) will have any liability or further obligation to any other Party with respect to this Agreement. 

6.2 Immediate Right of Termination. A Party will have the right to terminate this Agreement immediately by giving written notice to the
second Party in the event that: (a) the second Party files a petition in bankruptcy or is adjudicated to be bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement pursuant to any bankruptcy law; or
(b) if the second Party discontinues or dissolves its business or if a receiver is appointed for the second Party or for the second Party’s business and such receiver is not discharged within 90 days. 

6.3 Amendment and Modification. This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct
or otherwise, except by an instrument in writing expressly designated as an amendment hereto and signed by both Parties. 
 6.4
Waiver. No failure or delay of any Party in exercising any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any such right or power, or any abandonment or discontinuance of
steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Any agreement on the part of any Party to any such waiver will be valid only if set forth in
a written instrument executed and delivered by a duly authorized officer on behalf of such Party. The rights and remedies of the Parties under this Agreement are cumulative and are not exclusive of any rights or remedies that they would otherwise
have under Law. 
 6.5 Notices. All notices and other communications hereunder will be in writing and will be deemed duly given
(a) on the date of delivery if delivered personally, or if by facsimile or electronic transmission, upon written confirmation of receipt by facsimile, e-mail or otherwise, (b) on the first Business Day following the date of dispatch if
delivered utilizing a next-day service by a recognized next-day courier or (c) on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by 

  
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registered or certified mail, return receipt requested, postage prepaid. All notices hereunder will be delivered to the addresses set forth below, or pursuant to such other instructions as may be
designated in writing by the Party to receive such notice: 
 If to TriMas: 

TriMas Corporation 

39400 Woodward Avenue, Suite 130 

Bloomfield Hills, MI 48304 

Attention: Josh Sherbin, General Counsel and Chief Compliance Officer 

Facsimile:(248) 631-5413 

If to Horizon: 

Horizon Global Corporation 

TriMas Corporation 

39400 Woodward Avenue, Suite 100 

Bloomfield Hills, MI 48304 

Attention: Jay Goldbaum, Legal Director 

Facsimile:(248) 203-6434 

6.6 Entire Agreement. This Agreement constitutes the entire agreement between the Parties, and supersedes all prior written agreements,
arrangements, communications and understandings and all prior and contemporaneous oral agreements, arrangements, communications and understandings among the Parties with respect to the subject matter of this Agreement; provided,
however, that the provisions of and defined terms within Article VIII of the Separation Agreement are specifically incorporated herein as part of Article V of this Agreement. This Agreement will not be deemed to contain or imply any
restriction, covenant, representation, warranty, agreement or undertaking of any Party with respect to the transactions contemplated hereby other than those expressly set forth in this Agreement or in any document required to be delivered hereunder.
Except as expressly stated in this Agreement, there are no agreements or understandings between TriMas and Horizon limiting in any way the extent to which or the means by which each might choose to compete with the other. 

6.7 Execution and Delivery. Notwithstanding any oral agreement or course of action of the Parties or their representatives to the
contrary, no Party to this Agreement is under any legal obligation to enter into or complete the transactions contemplated hereby unless and until this Agreement is executed and delivered by each of the Parties. 

6.8 No Third-Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or will confer upon any Person other
than the Parties and their respective successors and permitted assigns any legal or equitable right, benefit or remedy of any nature under, or by reason of, this Agreement. 

  
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 6.9 Governing Law. This Agreement and all disputes or controversies arising out of or
relating to this Agreement or the transactions contemplated hereby will be governed by, and construed in accordance with, the Laws of the State of Delaware, without regard to the conflicts of law rules thereof. 

6.10 Assignment. Neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in
whole or in part, by operation of law or otherwise, by either Party without the prior written consent of the other Party, and any such assignment or delegation without such prior written consent will be null and void. If either Party to this
Agreement (or any of its successors or permitted assigns) (a) consolidates with or merges into any other Person and will not be the continuing or surviving corporation or entity of such consolidation or merger or (b) transfers all or
substantially all of its property and/or assets to any Person, then, and in each such case, the Party (or its successors or permitted assigns, as applicable) will ensure that such Person assumes all of the obligations of such Party (or its
successors or permitted assigns, as applicable) under this Agreement, in which case the consent described in the previous sentence will not be required. 

6.11 Severability. Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner
as to be effective and valid under applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable Law or rule in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision or portion of any provision had never been contained in this Agreement. 
 6.12 Modifications. If any
Governmental Authority determines that this Agreement, or any part hereof, is unenforceable, it is the intention of the Parties that such Governmental Authority have the power to modify this Agreement to the extent necessary to render it fully
enforceable and that, as so modified, it will be enforced. 
 6.13 Rules of Construction. Interpretation of this Agreement will be
governed by the following rules of construction: (a) words in the singular will be held to include the plural and vice versa; (b) references to the terms Article, Section, and paragraph, are references to the Articles, Sections, and
paragraphs of this Agreement unless otherwise specified; (c) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this entire Agreement; (d) references to
“$” will mean U.S. dollars; (e) the word “including” and words of similar import when used in this Agreement will mean “including without limitation,” unless otherwise specified; (f) the word “or”
will not be exclusive; (g) the word “will” will be construed to have the same meaning and effect as the word “shall”; (h) references to “written” or “in writing” include in electronic form;
(i) provisions will apply, when appropriate, to successive events and transactions; (j) the table of contents and headings contained in this Agreement are for reference purposes only and will not affect in any way the meaning or
interpretation of this Agreement; (k) the Parties have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should arise, this Agreement will be

  
 -7- 

 
construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or burdening either Party by virtue of the authorship of any of the provisions in this
Agreement or any interim drafts of this Agreement; and (l) a reference to any Person includes such Person’s successors and permitted assigns. 

6.14 Counterparts. This Agreement may be executed in one or more counterparts, and by each Party in separate counterparts, each of
which when executed will be deemed to be an original but all of which taken together will constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or portable document format (PDF)
will be as effective as delivery of a manually executed counterpart of any such Agreement. 
 [Signatures on Following Page]

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first
written above by their respective duly authorized officers. 
  

					
	TRIMAS CORPORATION
			
		 	By:	 	 
		 	Name:	 	
		 	Title:	 	

  

					
	HORIZON GLOBAL CORPORATION
			
		 	By:	 	 
		 	Name:	 	
		 	Title:	 	

 [Signature Page to the Noncompetition and Nonsolicitation Agreement]

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