Document:

EX-10.1

 Exhibit 10.1 

STOCK PURCHASE AGREEMENT 

THIS STOCK PURCHASE AGREEMENT is made and entered into as of this 1st day of
April, 2014, by and among (i) POWER SOLUTIONS INTERNATIONAL, INC., a Delaware corporation (“PSI”), (ii) CARL L. TRENT and KENNETH C. TRENT, in their individual capacities (each, a
“Shareholder” and collectively, the “Shareholders”), (iii) CARL L. TRENT, in his capacity as the Seller Representative, and (iv) CKT HOLDINGS, INC., a Wisconsin corporation (the “Seller”).
All capitalized terms used herein but not otherwise defined herein shall have the meaning assigned to such terms in Article X below. 

R E C I T A L S: 
 WHEREAS,
Professional Power Products, Inc., an Illinois corporation (“PPPI”), is engaged in the business of designing, manufacturing, marketing, distributing and/or otherwise supplying or providing generator sets, sub base fuel tanks,
generator set enclosures, load banks, generator switchgear and generator set testing (the “Business”); 
 WHEREAS, prior to
the date hereof, the Shareholders formed Seller by filing Articles of Incorporation with the Wisconsin Department of Financial Institutions, transferred all of the outstanding PPPI Stock to Seller, caused Seller to elect to be an S Corporation
within the meaning of Code § 1361(a), and caused PPPI to elect to be a qualified subchapter S subsidiary within the meaning of Code § 1361(b) in a transaction intended to qualify as a reorganization within the meaning of Code
§ 368(a)(1)(F) (the “Reorganization”); 
 WHEREAS, following the Reorganization, the Shareholders own all of the
issued and outstanding stock of the Seller, and the Seller owns all of the issued and outstanding PPPI Stock; and 
 WHEREAS, the
Shareholders desire to cause the Seller to sell to PSI, and PSI desires to purchase from the Seller, all of the issued and outstanding PPPI Stock upon the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the foregoing premises and the representations, warranties, covenants and agreements set forth herein, as
well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, PSI, the Seller and the Shareholders hereby agree as follows: 

ARTICLE I 
 Stock To
Be Purchased 
 Subject to the terms and conditions set forth in this Agreement, at the Closing, the Shareholders shall cause the
Seller to sell and transfer to PSI, and PSI shall purchase from the Seller, all of the Seller’s right, title and interest in and to the PPPI Stock, which PPPI Stock represents all of the issued and outstanding shares of capital stock of PPPI.

 ARTICLE II 

Closing; Purchase Price 

2.1. Closing. The closing of the purchase and sale of the PPPI Stock and the other transactions as contemplated herein (the
“Closing”) shall be held at the offices of Godfrey & Kahn, S.C., located at 780 N. Water Street, Milwaukee, Wisconsin 53202, at 9:00 a.m., local time, on the date of this Agreement (the “Closing
Date”). 
 2.2. Closing Deliveries. 

(a) At the Closing, the Shareholders shall deliver or cause to be delivered to PSI: 

(i) an executed counterpart of each Employment Agreement, duly executed by the Executive that is a party thereto; 

(ii) an executed counterpart of the Facility Lease, duly executed by an authorized representative of the Landlord; 

(iii) constructive possession of the Records of PPPI; 

(iv) a good standing certificate for PPPI issued by the Secretary of State of the State of Illinois, no earlier than ten
(10) calendar days prior to the Closing Date; 
 (v) an affidavit from the Seller substantially in the form set forth in
Section 1.1445-2(b)(2)(iv) of the Treasury regulations, certifying under penalties of perjury that the Seller is not a “foreign person” within the meaning of Section 1445 of the Code; 

(vi) a certificate representing all of the issued and outstanding shares of PPPI Stock, duly endorsed in blank or accompanied
by a stock power duly endorsed in blank; 
 (vii) a certificate from a duly authorized officer of the Seller, in form
reasonably satisfactory to PSI, setting forth the resolutions of the Board of Directors of the Seller authorizing the execution of this Agreement and all Ancillary Agreements to which the Seller is a party and the taking of any and all actions
deemed necessary or advisable to consummate the transactions contemplated herein and therein; and 
 (viii) such other usual
and customary documents and instruments as PSI may reasonably request. 
 (b) At the Closing, PSI shall deliver to the
Seller: 
 (i) the Cash Payment in the manner and to the Persons specified in Section 2.5 below; 

  
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 (ii) a certificate from the Secretary or an Assistant Secretary of PSI, in form
reasonably satisfactory to the Shareholders, setting forth the resolutions of the Board of Directors of PSI authorizing the execution of this Agreement and all Ancillary Agreements to which PSI is a party and the taking of any and all actions deemed
necessary or advisable to consummate the transactions contemplated herein and therein; 
 (iii) a good standing certificate
for PSI issued by the Secretary of State of the State of Delaware no earlier than ten (10) calendar days prior to the Closing Date; and 

(iv) such other usual and customary documents and instruments as the Shareholders may reasonably request. 

2.3. Purchase Price. The aggregate purchase price for the PPPI Stock (the “Purchase Price”) shall be an amount equal to
(i) Forty-Six Million Dollars ($46,000,000) (the “Initial Cash Amount”), less (ii) the aggregate amount of Excluded Liabilities outstanding immediately prior to the Closing, plus (iii) Closing Date Cash,
plus (or minus) (iv) the amount of the Purchase Price Adjustment as calculated pursuant to Section 2.4, below (the aggregate amount calculated in accordance with clauses (i) and (iii) of this sentence is
referred to herein as the “Pre-Adjusted Purchase Price”) and plus (v) the PSI Shares. The Purchase Price shall be paid by PSI to the Seller as provided in Sections 2.5, 2.6 and 6.6 below. 

2.4. Adjustments to Pre-Adjusted Purchase Price. The Pre-Adjusted Purchase Price shall be subject to adjustment as follows (the
“Purchase Price Adjustment”): 
 (a) The Pre-Adjusted Purchase Price shall be increased on a
dollar-for-dollar basis to the extent that the Working Capital Amount is greater than the Threshold Working Capital Amount; and 

(b) The Pre-Adjusted Purchase Price shall be decreased on a dollar-for-dollar basis to the extent that the Working Capital
Amount is less than the Threshold Working Capital Amount. 
 For purposes hereof, the “Working Capital Amount” shall equal the difference
between (i) the amount of the Current Assets of PPPI as of the Closing Date (excluding any Working Capital Exclusions) and (ii) the amount of the Current Liabilities of PPPI as of the Closing Date (excluding any Working Capital
Exclusions), which Current Assets and Current Liabilities shall be determined in accordance with GAAP, applied in a manner consistent with and using the principles, practices, methodologies, procedures and policies, with consistent classifications,
judgments and estimation methodologies, including those regarding inventory and work in process valuation and the establishment of general and specific reserves, as used by PPPI in the preparation of the Latest Balance Sheet, including those
principles, practices, methodologies, procedures and policies set forth on Exhibit 2.4, which have been used and applied in preparation of the sample calculation attached as a schedule to Exhibit 2.4 (the “Accounting
Principles”). For the avoidance of doubt, the Working Capital Amount shall not include any portion of the Excluded Assets or any portion of the Excluded Liabilities. 

  
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 2.5. Payment of the Purchase Price. 

(a) Attached hereto as Exhibit 2.5 (the “Estimated Pricing Statement”) is the Seller
Representative’s good faith estimate of (i) the Closing Date Cash, (ii) the Working Capital Amount (determined in accordance with the Accounting Principles), (iii) the Transaction Expenses, (iv) all other Excluded
Liabilities as of the Closing Date and (v) the resulting calculation of the Purchase Price payable at the Closing based upon the information reflected on Exhibit 2.5 (for purposes hereof, such estimated Purchase Price shall be referred
to as the “Estimated Purchase Price”). 
 (b) At the Closing, PSI shall deliver an amount equal to the
Estimated Purchase Price less the Seller Representative Amount and less the Estimated SBA Payoff Amount (the “Cash Payment”) to the Seller by wire transfer of immediately available funds to such bank account or
accounts as shall be designated in writing by the Seller Representative. 
 (c) At the Closing, PSI shall deposit the Seller
Representative Amount into such account as is designated in writing by the Seller Representative at least three (3) Business Days prior to the Closing Date, which account is to be managed by the Seller Representative in the good faith
discretion of the Seller Representative (the cash and earnings thereon from time to time in such account being referred to herein as the “Seller Representative Fund”). The Seller Representative shall be entitled to from time to time
cause the release and payment to himself of amounts from the Seller Representative Fund as payment of any losses, costs or expenses for which the Seller Representative is entitled to be paid in connection with the Seller Representative’s duties
and obligations hereunder. The Seller Representative shall, at such time when the Seller Representative in his absolute discretion determines, cause the distribution to the Seller and/or Shareholders of the excess, if any, of the Seller
Representative Fund over all such amounts for which the Seller Representative is or may become entitled to be paid as provided herein and that then have not been paid to the Seller Representative. If the Seller Representative Fund is exhausted and
the Seller Representative thereafter incurs losses, costs or expenses for which he is entitled to payment hereunder, then the Shareholders shall pay to the Seller Representative an amount equal to such losses, costs or expenses. For the avoidance of
doubt, except as set forth in Section 7.3, below, PSI shall not be required to make any payment to the Seller Representative with respect to any losses, costs or expenses incurred by the Seller Representative. 

(d) Pursuant to and in accordance with Section 2.7, below, at the Closing, PSI shall deliver, on behalf of PPPI, to
the holder of any Paid Liabilities by wire transfer of immediately available funds to such bank account or accounts as shall be designated in writing by the Seller Representative, the amount required to discharge such Paid Liabilities. 

(e) At the Closing, PSI shall deposit into an escrow account with Godfrey & Kahn S.C. (the “Escrow
Agent”) an amount equal to Two Million Five Hundred Thousand Dollars ($2,500,000) (the “Estimated SBA Payoff Amount”), for purposes of satisfying in full all of PPPI’s and Landlord’s payment obligations pursuant
to that 

  
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certain SBA Loan # 54366450-10 owed to the Wisconsin Business Development Corporation (the “SBA Loan”). For such purposes, no later than April 14, 2014, the Seller and/or
Shareholders shall cause to be delivered to PSI a payoff letter (the “SBA Payoff Letter”) from the Wisconsin Business Development Finance Corporation (the “WBDFC”), in substantially the same form as set forth on
Exhibit 2.5(e), attached hereto, indicating the amount required to discharge all obligations under the SBA Loan. Following PSI’s receipt of the SBA Payoff Letter, the Seller and PSI shall execute and deliver to the Escrow Agent a joint written
direction instructing the Escrow Agent to pay, in accordance with the terms and conditions of that certain Escrow Agreement, dated as of the date hereof, among the Escrow Agent, the Seller and PSI (the “Escrow Agreement”),
(A) to the WBDFC, by wire transfer of immediately available funds to the bank account designated by the WBDFC, that portion of the Estimated SBA Payoff Amount necessary to satisfy all outstanding obligations with respect to the SBA Loan, as set
forth on the SBA Payoff Letter (the “SBA Payoff Amount”) and (B) to the Seller (or its designees), by certified check or wire transfer to the bank account designated by the Seller, that portion of the Estimated SBA Payoff
Amount that is in excess of the SBA Payoff Amount. Promptly following delivery by the Escrow Agent of such payments, the Seller shall deliver to PSI evidence, in form and substance reasonably acceptable to PSI, that all obligations with respect to
the SBA Loan have been discharged in full. If the SBA Payoff Letter is not delivered to PSI on or prior to April 14, 2014, or if the Escrow Agent does not deliver the SBA Payoff Amount to the WBDFC prior to April 30, 2014, then the Seller
Representative and PSI shall execute and deliver to the Escrow Agent a joint written direction instructing the Escrow Agent to pay to PSI an amount equal to the Estimated SBA Payoff Amount by wire transfer of immediately available funds to such bank
account or accounts as shall be designated in writing by PSI. If the Estimated SBA Payoff Amount is paid to PSI pursuant to the immediately preceding sentence, then, no later than May 12, 2014, the Seller and/or the Shareholders shall cause to be
delivered to PSI an SBA Payoff Letter. Following its receipt of the Payoff Letter, PSI shall pay (X) to the WBDFC, by wire transfer of immediately available funds to the bank account designated by the WBDFC, the Payoff Amount and (Y) to the Seller
(or its designees), by wire transfer to the bank account designated by the Seller, that portion of the Estimated SBA Payoff Amount that is in excess of the SBA Payoff Amount. 

Any adjustment to the Estimated Purchase Price shall be paid as provided in Section 2.6, below. 

2.6. Calculation of Estimated Purchase Price and Final Purchase Price. 

(a) Within sixty (60) calendar days following the Closing, PSI shall cause to be prepared and delivered to the Seller
Representative a final determination of the Purchase Price including a final determination of the Closing Date Cash, the Working Capital Amount as of the Closing Date (the “Final Working Capital Statement”) and a final calculation
of the amount of the Excluded Liabilities as of the Closing Date (the “Final Excluded Liabilities Statement” and, collectively with the Final Working Capital Statement, the “Statements”), and further including such
schedules and data as may be appropriate to support such determinations and calculations. The Seller Representative shall be entitled to review any working papers, trial balances and similar materials relating to the Statements prepared by or on
behalf of PSI. Within thirty (30) calendar days after receipt of the Statements from PSI, the Seller Representative must notify PSI of any objections to PSI’s calculation of the Closing Date Cash, the Working Capital Amount or the amount
of the Excluded Liabilities as reflected in the Statements or the calculation of the final Purchase Price and the basis for such disagreements. In the event that the Seller Representative does not notify PSI, within thirty (30) calendar days
after receipt of the Statements, that the Seller Representative has any objections to such 

  
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Statements or PSI’s calculation of the final Purchase Price, then the Closing Date Cash, the Working Capital Amount and the amount of the Excluded Liabilities as set forth in the Statements
and PSI’s calculation of the final Purchase Price shall be final hereunder. In the event that the Seller Representative does notify PSI, within thirty (30) calendar days after receipt of the Statements, that the Seller Representative has
any such objection, then PSI and the Seller Representative shall use their good faith efforts to attempt to resolve such disputed items. In the event PSI and the Seller Representative are unable to resolve the disputed items within thirty
(30) calendar days after receipt by PSI of the Seller Representative’s notice of dispute, then PSI and the Seller Representative shall jointly engage the Milwaukee, Wisconsin office of Grant Thornton LLP to resolve finally such disputed
items. If the Milwaukee, Wisconsin office of Grant Thornton LLP is unwilling or unable to serve in such capacity (either due to a conflict of interest or otherwise), then PSI and the Seller Representative shall negotiate in good faith for a period
of fifteen (15) calendar days to select another nationally recognized independent accounting firm reasonably acceptable to both PSI and the Seller Representative) (an “Independent Accounting Firm” which, for the avoidance of
doubt, shall include the Milwaukee, Wisconsin office of Grant Thornton LLP) to resolve finally such disputed items. If PSI and the Seller Representative are unable to jointly select an Independent Accounting Firm, then each of PSI and the Seller
Representative shall select an Independent Accounting Firm, and such two Independent Accounting Firms shall select a third Independent Accounting Firm, and such third Independent Accounting Firm shall resolve finally such disputed items. The scope
of the Independent Accounting Firm’s engagement shall be limited to the resolution of the disputed items described in the Seller Representative’s notice of dispute, in each case in accordance with the Accounting Principles, and the
recalculation, if any, of the Closing Date Cash, the Working Capital Amount and the amount of the Excluded Liabilities in light of such resolution; provided, that the Independent Accounting Firm shall not assign a dollar amount to any item in
dispute greater than the greatest dollar amount for such item assigned by PSI, on the one hand, or the Seller Representative, on the other hand (as applicable), or lower than the lowest dollar amount for such item assigned by PSI, on the one hand,
or the Seller Representative, on the other hand (as applicable). The determination of the Independent Accounting Firm shall be made as promptly as possible and shall be final and binding upon the parties. Each party hereto shall be permitted to
submit such data and information relating to the unresolved disputed items described in the Seller Representative’s notice of dispute to the Independent Accounting Firm as such party deems appropriate. The expenses and fees of the Independent
Accounting Firm shall be paid by PSI, on the one hand, and the Seller Representative on behalf of the Shareholders, on the other hand, based upon the percentage that the amount not actually awarded to such party bears to the amount actually
contested by such party. The Closing Date Cash, the Working Capital Amount and the amount of the Excluded Liabilities as finally agreed by the parties or as determined by the Independent Accounting Firm as described herein shall be the Closing Date
Cash, the Working Capital Amount and the amount of the Excluded Liabilities for all purposes hereof and shall be used to determine the final Purchase Price in accordance with Section 2.3, above. 

  
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 (b) Once the final Purchase Price is determined in accordance with this
Section 2.6, the following shall occur: 
 (i) If the final Purchase Price exceeds the Estimated Purchase Price,
then, within five (5) Business Days following the final determination of the Purchase Price under this Section 2.6, PSI shall pay the excess amount to the Seller (or the Shareholders, if designated by the Seller). 

(ii) If the Estimated Purchase Price exceeds the final Purchase Price, then, within five (5) Business Days following the
final determination of the Purchase Price under this Section 2.6, the Seller and/or Shareholders shall pay the excess amount to PSI by wire transfer of immediately available funds to an account designated in writing by PSI prior to such
transfer. 
 If any party fails to pay any amount when due under this Section 2.6, then interest shall accrue on such unpaid
amount from the date that such amount is due until the date that such amount is actually paid at a rate per annum equal to seven percent (7%). 

2.7. Paid Liabilities; Transaction Bonuses. 

(a) Paid Liabilities. As set forth in Section 2.5(d), all Excluded Liabilities described on
Exhibit 2.7(a) (to the extent not paid by PPPI prior to the Closing) will be fully paid at Closing (the “Paid Liabilities”) with a portion of the Initial Cash Amount. In order to facilitate such payments, the Seller
Representative will furnish to PSI, at least three (3) Business Days prior to the Closing Date, (i) a statement setting forth the Transaction Expenses, (ii) a payoff letter from each holder of Paid Liabilities noted with an asterisk
on Exhibit 2.7(a), in form and substance reasonably acceptable to PSI, indicating the amount required to discharge such Paid Liabilities in full and including an undertaking by such holder to discharge, upon receipt of payment specified
in the payoff letter, any Liens securing such portion of the Paid Liabilities. The payments referenced in such statements and payoff letters will be made on the Closing Date in order to discharge the Paid Liabilities covered thereby. Notwithstanding
the foregoing, the $217,500 that remains to be paid by PPPI after Closing pursuant to that certain Installment Purchase Agreement, dated December 20, 2013, by and between International Technologies, Inc. and PPPI, shall not be regarded as
Indebtedness nor as a Current Liability for purposes of this Agreement, and shall be paid by PPPI in the ordinary course. 

(b) Transaction Bonuses. Immediately prior to the Closing, PPPI paid transaction bonuses to the persons and in the
amounts as set forth on Exhibit 2.7(b) (the “Transaction Bonuses”), which Transaction Bonuses were subject to deduction and withholding for any federal, state or local withholding or other Taxes that PPPI was required to
deduct under applicable Legal Requirements. The Transaction Bonuses were run through PPPI’s payroll system prior to the Closing, and were paid in connection with, and immediately prior to, Closing via check. PSI shall cooperate and shall not
interfere with PPPI’s timely and proper depositing of any withholding or payroll Taxes described above with the appropriate Governmental Entity in accordance with the regular payroll practices of PPPI. Cash on hand related to the checks issued
to pay the Transaction Bonuses (including the employer’s share of any payroll Taxes associated with the Transaction Bonuses, as set forth on Exhibit 2.7(b)) shall not be included as Closing Date

  
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Cash. For all purposes under this Agreement, any Tax deduction available to the Seller Companies in connection with the Transaction Bonuses shall be deducted on Seller’s federal and state
income tax returns which include the Closing Date. Notwithstanding anything contained in this Agreement to the contrary, the Transaction Bonuses shall not be considered “Transaction Expenses” or “Excluded Liabilities” for
purposes of reducing Purchase Price or Estimated Purchase Price. 
 ARTICLE III 

Warranties and Representations of the Shareholders 

Each of the Shareholders, severally and not jointly, hereby warrants and represents to PSI, which warranties and representations shall survive
the Closing for the periods, and subject to the limitations, set forth in Article VII, below, that except as set forth in the Disclosure Schedule, the following statements are true and correct as of the date hereof: 

3.1. Authority. Each of the Seller, PPPI and each Shareholder has full power and authority to enter into this Agreement and each
Ancillary Agreement to which it or he, as applicable, is a party and to perform its or his, as applicable, obligations hereunder or thereunder and to consummate the transactions contemplated herein and therein. The execution and delivery of this
Agreement by the Seller and the performance by the Seller of its obligations hereunder has been, and the execution and delivery of each Ancillary Agreement to which the Seller or PPPI is a party and the performance by the Seller and PPPI of their
respective obligations thereunder have been duly and validly authorized by all necessary organizational action on the part of the Seller and PPPI, as applicable, and the execution, delivery and performance by the Seller and PPPI of this Agreement
and each Ancillary Agreement to which the Seller or PPPI is a party do not require any further authorization or consent of the Seller, PPPI or the Shareholders. This Agreement and each Ancillary Agreement to which the Seller, PPPI or the
Shareholders are a party has been duly and validly executed and delivered by the Seller, PPPI and the Shareholders, and this Agreement and such Ancillary Agreements are and shall constitute the legal, valid and binding obligations of the Seller,
PPPI and the Shareholders enforceable against the Seller, PPPI and the Shareholders in accordance with their respective terms, subject in each case to bankruptcy, reorganization, insolvency and other similar laws affecting the enforcement of
creditors’ rights in general and to general principles of equity (regardless of whether considered in a Proceeding in equity or an action at law). 

3.2. No Conflict; Consents. Neither the execution and delivery of this Agreement or the Ancillary Agreements to which the Seller, PPPI
or the Shareholders are a party nor the consummation or performance of any of the transactions or obligations contemplated hereunder or thereunder by the Seller, PPPI or the Shareholders will (a) contravene, conflict with, or result in a
violation of or default under any provision of the Organizational Documents of the Seller or PPPI; (b) contravene, conflict with, or result in a violation of or default under any Legal Requirement or any Order to which the Seller, PPPI or the
Shareholders are subject or give any Governmental Body or other Person the right to challenge any of the transactions contemplated by this Agreement or the Ancillary Agreements or to exercise any remedy, obtain any relief under or revoke or
otherwise modify any rights held under, any such Legal Requirement or Order; or (c) except as set forth on Schedule 3.2, violate or conflict with, or result in a default or an event of default under, or give any Person the right to
exercise any remedy or impose any 

  
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additional obligation under, or to accelerate the maturity or performance of, or to cancel, terminate or modify, any Material Contract (x) to which the Seller or PPPI is a party, (y) by
which the Seller, PPPI or any of their respective assets is bound or (z) of which the Seller or PPPI is a beneficiary, or result in the imposition or creation of any Lien upon or with respect to any of the assets owned, used, leased or licensed
by the Seller or PPPI. No action, consent, approval, order or authorization of, registration, declaration or filing with, or notice to, any Governmental Body is required to be obtained or made by the Seller or PPPI in connection with the execution,
delivery and performance of this Agreement and the Ancillary Agreements to which either the Seller or PPPI is a party or the consummation by the Seller or PPPI of any of the transactions contemplated hereby. 

3.3. Restrictions on Transfer. There are no voting trust agreements, powers of attorney, shareholder agreements, proxies or any other
Contracts to which the Seller, PPPI or any Shareholder is a party or by which the Seller, PPPI or any Shareholder or the PPPI Stock is bound relating to the sale, transfer, voting, registration, acquisition, distribution rights or disposition of any
of the PPPI Stock or otherwise granting any Person any right in respect of the PPPI Stock and there are no existing restrictions on the transfer of the PPPI Stock, other than restrictions imposed by applicable Legal Requirements. 

3.4. Organizational Matters. Each of the Seller and PPPI is a corporation duly organized, validly existing and in good standing under
the laws of the States of Wisconsin and Illinois, respectively. Each of the Seller and PPPI has all corporate power and authority necessary to own, operate or lease its properties and assets as and where currently owned, operated or leased and to
carry on all business activities currently conducted by it. Except as set forth on Schedule 3.4, each of the Seller and PPPI is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its business or
the ownership or leasing of its assets makes such qualification necessary. The Seller has delivered, or made available for review, to PSI and its Representatives, true, complete and correct copies of the certificate of incorporation and by-laws of
each of Seller and PPPI as in effect as of the date of this Agreement. Neither the Seller nor PPPI is in material violation of any of the provisions of its certificate of incorporation or by-laws. The Seller has no business or assets other than its
ownership of all of the outstanding capital stock of PPPI. 
 3.5. Documentation. The stock ledger of the Seller and PPPI (copies of
which have been made available for inspection by PSI and its Representatives) are true, complete and correct in all respects. 
 3.6.
Capitalization. The authorized capital stock of the Seller and PPPI consist of 10,000 shares of common stock and 10,000 shares of common stock, respectively. Schedule 3.6 includes a true, complete and correct capitalization table for
each of the Seller and PPPI as of the date hereof showing the ownership of all of capital stock of the Seller and the PPPI Stock. Each Shareholder is the beneficial and record owner of the number of shares of common stock of the Seller set forth
opposite his name on Schedule 3.6, in each case free and clear of all Liens. There are no issued and outstanding shares of capital stock or other securities of the Seller except as set forth on Schedule 3.6. The Seller owns all of
the PPPI Stock free and clear of all Liens. There are no issued and outstanding shares of capital stock or other securities of PPPI other than the PPPI Stock. All of the PPPI Stock was duly authorized, validly issued and is fully paid and

  
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nonassessable and none of the PPPI Stock was issued in violation of any pre-emptive rights, rights of first offer, rights of first refusal or similar rights, or in violation of any Legal
Requirements (including applicable securities laws). Upon transfer of the PPPI Stock in accordance with the terms of Article II, PSI will receive valid title to the PPPI Stock, free and clear of all Liens. There are no outstanding or
authorized warrants, options, subscriptions, convertible or exchangeable securities or other instruments or agreements (including bonds, debentures, notes and other obligations) pursuant to which the Seller or PPPI is or may become obligated to
issue or sell any shares of capital stock or other securities of PPPI or pursuant to which any Person has the right to vote on any matter (or has the right to acquire capital stock or other securities having the right to vote on any matter), and
there is no circumstance or condition that may give rise to a claim by any Person that such Person is entitled to acquire any shares of capital stock or other securities of PPPI. There are no outstanding or authorized stock appreciation, phantom
stock or similar rights with respect to PPPI, and there are no outstanding obligations of PPPI to purchase, redeem or otherwise acquire the PPPI Stock or obligating PPPI to grant, or enter into any option, warrant, call, right or commitment
agreement regarding the equity interests in PPPI, securities convertible into or exchangeable for equity interests in PPPI or warrants, calls, options or other rights to acquire equity interests in PPPI from PPPI. 

3.7. Subsidiaries. PPPI owns no capital stock in any other Person. 

3.8. Title to the Assets; Condition of Assets. 

(a) PPPI has good and marketable title to, a valid leasehold interest in, or has the valid and enforceable right to use, all
personal property and assets used by it in connection with the conduct of the Business as presently conducted by PPPI, free and clear of all Liens, other than Permitted Liens. With respect to all personal property and assets in which PPPI has a
valid leasehold interest, all such leases are in full force and effect, and to the Knowledge of PPPI, constitute valid and binding obligations of the other party thereto, and neither PPPI nor, to the Knowledge of PPPI, any other party thereto is in
breach of any of the terms of any such lease. The assets and properties owned or leased by PPPI constitute all of the assets and properties that are necessary for the conduct of the Business immediately prior to the Closing. 

(b) All buildings, plants, leasehold improvements, structures, facilities, equipment and other items of tangible personal
property and assets that are used by PPPI in connection with the Business are, taken as a whole, structurally sound, are in good operating condition (subject to normal wear and tear given the use and age of such assets, and conform in all material
respects to all Legal Requirements and Orders relating to their construction, use and operation. 
 (c) Other than PPPI,
holders of Permitted Liens and lessors of leased personal property (solely to the extent of their interest in such leased personal property), no Person has any interest in any equipment or other tangible assets or personal property used by PPPI in
connection with the conduct of the Business. Without limiting the foregoing, except as set forth on Schedule 3.8, neither Shareholder has any interest in any equipment or other tangible assets or personal property used in connection with the
conduct of the Business. 

  
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 3.9. Leased Real Estate. Schedule 3.9(a) lists each Real Property Lease, and the
Seller has provided PSI with a true, complete and correct copy of each Real Property Lease. Each Real Property Lease is in full force and effect against PPPI and, to the Knowledge of PPPI, each other party thereto. Each Real Property Lease is the
valid and legally binding obligation of PPPI. No Real Property Lease has been terminated or cancelled, and PPPI’s leasehold interest in the applicable Real Property Lease has not been assigned. Neither PPPI nor, to the Knowledge of PPPI, any
other party to a Real Property Lease is in material default under any Real Property Lease, and no written notice of default under any Real Property Lease has been sent or received by PPPI. No condition exists which, but for the giving of notice or
the passage of time, or both, would constitute a material default by PPPI or, to the Knowledge of PPPI, any other party pursuant to any Real Property Lease. No pending Proceedings or Orders exist against PPPI or, to the Knowledge of PPPI, any other
party which would require the repair, alteration or correction of any existing condition of any portion of any Leased Real Estate. PPPI has not received any written notice from any Governmental Body that any of the improvements on the Leased Real
Estate or PPPI’s use of the Leased Real Estate violates any use or occupancy restrictions, any covenant of record or any zoning or building Legal Requirement. There are no pending or, to the Knowledge of PPPI, threatened condemnation, eminent
domain, health, safety, building, zoning or other land use Proceedings with respect to the Leased Real Estate. Except as set forth on Schedule 3.9(b), PPPI has not received any written notice that the Leased Real Estate or any present uses
and operations of the Leased Real Estate are in violation of any Legal Requirement, covenants, conditions, restrictions, easements, disposition agreements and similar matters affecting the Leased Real Estate. PPPI is not a lessor, sublessor or
grantor under any lease, sublease, consent, license or other instrument granting to another Person any right to the possession, use, occupancy or enjoyment of the Leased Real Estate. No easement, utility transmission line or water main located on
the Leased Real Estate adversely affects, or could reasonably be expected to adversely affect, the use of the Leased Real Property. 
 3.10.
Proceedings. As of the date hereof, there is no Proceeding pending, or, to the Knowledge of PPPI, threatened, against or relating to PPPI, any of its assets or any of the current or former officers or directors of PPPI relating to their
service as an officer or director of PPPI, at law or in equity, before any Governmental Body. As of the date hereof, PPPI is not subject to, or otherwise bound by any Order affecting in any material respect the properties, assets, personnel or
business activities of PPPI. Set forth on Schedule 3.10 is a true, complete and correct list of all Proceedings made, filed or otherwise initiated against any Seller Company or any of its assets or any of its current or former directors or
officers (in their capacities as such) since December 31, 2010. 
 3.11. Intellectual Property. 

(a) Schedule 3.11(a) lists all of the following Owned Intellectual Property: (i) all United States and foreign
issued design patents and utility patents, all pending patent applications filed by PPPI relating to any inventions or designs and all renewals, reissues, divisionals, continuations, continuations-in-part and extensions of the foregoing;
(ii) all registered trademarks, registered service marks and pending trademark and service mark registration applications; (iii) all material unregistered trademarks and service marks; (iv) all proprietary software; (v) all
registered copyrights and copyright applications and all renewals and extensions; and (vi) all domain name registrations. PPPI has taken all action necessary, performed all customary acts, and paid all fees and Taxes (to the extent applicable),
required to protect and maintain in full force and effect any and all registrations and applications for Owned Intellectual Property. 

  
 11 

 (b) Schedule 3.11(b) lists: (i) all Out-Licenses; and
(ii) all In-Licenses (excluding shrink-wrap, click-wrap, click-through or other similar licenses, which are non-exclusive and non-negotiable, with respect to off-the-shelf or generally available personal computer software), and specifying
whether under any such In-Licenses and/or Out-Licenses PPPI is subject to receive, or obligated to pay, as the case may be, fees (including support and maintenance fees) of more than $50,000 per annum following Closing. 

(c) To the Knowledge of PPPI, PPPI owns all rights, title and interest in and to, or has a valid right to use pursuant to the
terms of an In-License set forth on Schedule 3.11(b) or other written Contract not required to be listed on such schedule, all Intellectual Property used by it in the Business (the “PPPI Intellectual Property”). Each item of
PPPI Intellectual Property will, immediately subsequent to the Closing, continue to be owned or available for use by PPPI on such terms as are identical to those pursuant to which it, immediately prior to the Closing, owns or has the right to use
such item. All Owned Intellectual Property is owned free and clear of all Liens except for Permitted Liens. 
 (d) All Owned
Intellectual Property has been developed or created by (i) employees of PPPI who developed or created such Owned Intellectual Property acting within the scope of their employment with PPPI or (ii) independent contractors who have assigned,
in writing, all of their Intellectual Property and/or other rights therein to PPPI pursuant to Contracts set forth on Schedule 3.11(d). 

(e) PPPI has taken reasonable security measures under the circumstances to safeguard and maintain the confidentiality and
secrecy of all information and/or other materials from which PPPI derives independent economic value, actual or potential, as a result of such information and/or materials not being generally known to, or readily ascertainable through appropriate
means by, Persons who might obtain economic value from the disclosure or use of such information and/or materials. 
 (f)
There are no pending Proceedings, or written threats of Proceedings, except that PPPI makes no representation regarding Proceedings that may be pending against PPPI for which no written notice has been given to PPPI, (i) by any Person against
PPPI relating to the alleged infringement, misappropriation or violation by PPPI of any Intellectual Property of any Person, or otherwise challenging the validity, use, ownership or enforceability of any Owned Intellectual Property, or
(ii) asserted by PPPI against any Person relating to the alleged infringement, misappropriation or violation by any Person of the Owned Intellectual Property. To the Knowledge of PPPI, during the last three (3) years, no Person has
infringed, misappropriated or otherwise violated any of PPPI’s rights in any Owned Intellectual Property. 

  
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 (g) PPPI has not (i) to the Knowledge of PPPI, interfered in, infringed
upon, misappropriated, violated or otherwise come into conflict with any Intellectual Property rights of any Person or (ii) received any written charge, complaint, claim or notice (including an offer to license) alleging any such interference,
infringement, misappropriation or other violation. 
 (h) To the Knowledge of PPPI, the computer systems, including the
software, hardware and networks (collectively, the “Systems”) currently used in the conduct of the Business are materially sufficient for the current needs of the Business. PPPI has arranged for back-up services adequate to meet its
needs in the event the Systems or any material component thereof is rendered temporarily or permanently inoperable as a result of a natural or other disaster. Since January 31, 2013, there have been no bugs in, or failures, breakdowns, or
continued substandard performance of, any such Systems that, in each case, has caused the substantial disruption or interruption in or to the use of such Systems by PPPI or the conduct of the Business in the ordinary course. 

(i) Except as set forth on Schedule 3.11(i), (i) PPPI collects and uses personally identifiable information in
compliance with its privacy policies displayed on its websites, (ii) PPPI currently is in material compliance with all Legal Requirements relating to privacy, security and security breach notification requirements applicable to PPPI’s
websites and the operation of the Business and (iii) to PPPI’s Knowledge, PPPI has not experienced any breach of security of personally identifiable information maintained, processed or transmitted by PPPI, whether or not such security
breach required notice thereof to any Person under any applicable Legal Requirement. 
 3.12. Financial Statements; Internal Controls.

 (a) The Financial Statements attached to Schedule 3.12 (i) have been prepared based on the books and records
of PPPI, PPP International and the variable interest entities described therein, (ii) present fairly in all material respects the consolidated financial position of PPPI as of the dates designated therein and the results of operations and cash
flows for the periods designated therein, (iii) were prepared in accordance with GAAP subject, in the case of the unaudited financial statements, to normal recurring year end audit adjustments and the absence of footnotes and (iv) are in a
form (including with respect to the reports thereon of the Target Auditor) acceptable for inclusion and/or incorporation by reference in the reports and registration statements filed by PSI with the SEC. 

(b) Each Seller Company maintains accurate books and records reflecting its assets and liabilities and maintains adequate
accounting controls that provide reasonable assurance that (i) transactions are executed with management’s authorization, (ii) transactions are recorded as necessary to permit preparation of the consolidated financial statements of
PPPI in accordance with GAAP and to maintain accountability for PPPI’s consolidated assets, (iii) access to PPPI’s assets is permitted only in accordance with management’s authorization, (iv) adequate procedures are
implemented to effect the collection of all accounts, notes and other receivables on a timely basis and (v) there are adequate procedures in place regarding the prevention or timely detection of unauthorized acquisition, use or disposition of
PPPI’s assets. 

  
 13 

 (c) Except as set forth on Schedule 3.12, since January 1, 2010, none
of PPPI or PPPI’s independent accountants or PPPI’s Board of Directors has received any oral or written notification of any (i) significant deficiency in the internal controls over financial reporting of PPPI, (ii) material
weakness in the internal controls over financial reporting of PPPI or (iii) fraud, whether or not material, that involves management or other employees of PPPI who have a significant role in the financial reporting of PPPI. 

3.13. Accounts Receivable. All accounts receivable of the Seller Companies, including, without limitation, all accounts receivable as
shown on the Latest Balance Sheet, have arisen out of bona fide sales and deliveries of goods, performance of services and other business transactions, are valid receivables and were incurred in the ordinary course of business, subject to reserves
set forth in PPPI’s books and records, which are commercially reasonable and have been determined in accordance with GAAP in accordance with past custom and practice. 

3.14. Taxes. All Tax Returns with respect to the Seller and PPPI due prior to the date hereof have been timely and properly filed and
all such Tax Returns have been prepared in compliance with all applicable law and are true, complete and accurate in all material respects. All Taxes of the Seller and PPPI that are due and payable (whether or not reflected on a Tax Return) on or
prior to the Closing Date have been (or will be) timely paid in full on or prior to the Closing Date. As of the Closing Date, the Seller’s and PPPI’s liability for any unpaid Taxes will not exceed the reserve for unpaid Taxes then carried
on their books and records. For periods (and portions thereof) ending after the Balance Sheet Date, no Taxes or Taxable income have been generated by the Seller or PPPI other than in the ordinary course of business consistent with past practice, and
the and books and records of PPPI fully and properly reflect in all material respects their liabilities for all accrued Taxes. All Taxes that the Seller or PPPI are required by applicable Legal Requirements to withhold or collect in connection with
amounts paid or owing to any employee, independent contractor, creditor, member or other third party have been duly withheld or collected, and have been paid over to the proper authorities to the extent due and payable and have complied with all
information reporting requirements with respect thereto, including the filing of all Forms W-2 and Forms 1099. Schedule 3.14 contains a list of all audits of all Tax Returns of the Seller and PPPI, if any, for the last five (5) years and
any adjustments proposed as a result of such audits have been paid, reserved against or settled. To the Knowledge of PPPI, neither the Seller nor PPPI is currently the subject of an audit or other examination relating to Taxes of the Seller or PPPI
by the Tax authorities of any nation, state or locality nor has the Seller or PPPI received any written notices from any taxing authority that such an audit or examination is pending. Neither the Seller nor PPPI has received written notice of any
liability in respect of Taxes payable by the Seller or PPPI and is not presently contesting any Tax liability of the Seller or PPPI before any court, tribunal or agency. Neither the Seller nor PPPI has been notified in writing by any Taxing
authority that any issues have been raised with respect to any Tax Return that have not been resolved. No Tax liens have been filed against the interests or assets of the Seller or assets of PPPI. Neither the Seller nor PPPI has waived any statute
of limitations in respect of Taxes and is not the beneficiary of any extension of time within which to file any Tax Return. Neither the Seller nor PPPI has received written notice from any state, local or foreign taxing jurisdiction that it may be
subject to Tax in a jurisdiction 

  
 14 

 
in which the Seller or PPPI, respectively, is not currently filing Tax Returns. There are no outstanding (i) powers of attorney granted by the Seller or PPPI concerning any Tax matter or
(ii) agreements entered into with any Taxing authority that would have a continuing effect on the Seller or PPPI after the Closing Date. Neither the Seller nor PPPI will be required to include any item of income in, or exclude any item of
deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any “closing agreement,” as described in Code Section 7121 (or any corresponding provision of state, local or
foreign law) executed by PPPI on or prior to the Closing Date. Neither the Seller nor PPPI has distributed stock of another entity, nor has the Seller or PPPI had its stock distributed by another entity, in a transaction that was purported or
intended to be governed in whole or in part by Code Section 355 or Code Section 361. Neither the Seller nor PPPI has consummated, has participated in or is currently participating in any transaction that was or is a “Tax shelter”
transaction as defined in Section 6662, 6011, 6111 or 6112 of the Code or applicable Treasury Regulations. Neither the Seller nor PPPI has entered into any reportable transaction as defined in Section 1.6011-4(b) of the Treasury
Regulations. Neither the Seller nor PPPI have any liability for the Taxes of any other Person other than the Seller or PPPI under Treasury Regulation section 1.1502-6 (or any similar provision of state, local or foreign law), as a transferee or
successor, by Contract or otherwise. Neither the Seller nor PPPI is a party to any tax sharing, allocation, indemnity or similar agreement or arrangement (other than by any agreement the principal subject of which is not Taxes). The Seller and PPPI
have disclosed on each of their respective federal income Tax Returns all positions taken in such Tax Returns that could give rise to a substantial understatement of federal income Tax within the meaning of Section 6662 of the Tax Code. Prior
to the Reorganization, PPPI had been a validly electing S corporation within the meaning of Sections 1361 and 1362 of the Code at all times since January 1, 1993 for federal income Tax purposes, as well as for state and local income Tax
purposes in which PPPI is required to file state and local income Tax Returns. In connection with the Reorganization, PPPI made a valid election to be treated as a “qualified subchapter S subsidiary” and will be a “qualified
subchapter S subsidiary” after the Reorganization up to and including the Closing Date. The Seller has been a validly electing S corporation within the meaning of Sections 1361 and 1362 of the Code at all times since its formation for federal
income Tax purposes as well as for state and local income Tax purposes in which the Seller is required to file state and local income Tax Returns and will be up to the Closing Date. Neither the Seller nor PPPI owns any interest in an entity, or is
party to any arrangement, that is treated as a partnership for U.S. federal income tax purposes. Neither the Seller nor PPPI shall be liable for any Tax under Code Section 1374 in connection with the deemed sale of the Seller’s assets
caused by Seller selling the PPPI Stock. Neither the Seller nor PPPI has, during the recognition period described in Code Section 1374(d)(7), (A) acquired assets from another corporation in a transaction in which the Seller’s or
PPPI’s tax basis for the acquired assets was determined, in whole or in part, by reference to the tax basis of the acquired assets (or any other property) in the hands of the transferor or (B) acquired the stock of any subchapter C
corporation which, after such purchase, became a qualified subchapter S subsidiary. 
 3.15. Material Contracts. 

(a) Schedule 3.15 sets forth as of the date hereof a listing of each of the following Contracts to which PPPI is a
party or by which PPPI or any of its assets is bound (such contracts disclosed or required to be disclosed, the “Material Contracts”): 

  
 15 

 (i) for the purchase of materials, supplies, goods, services, equipment or other
assets and that involves or would reasonably be expected to involve (A) annual payments by PPPI of $100,000 or more or (B) aggregate payments by PPPI of $250,000 or more; 

(ii) (A) for the sale by PPPI of materials, supplies, goods, services, equipment or other assets for consideration in excess of
$250,000 or (B) pursuant to which PPPI received payments of more than $250,000 in the year ended December 31, 2013 or expects to receive payments of more than $250,000 in the year ending December 31, 2014; 

(iii) that requires PPPI to purchase, or pursuant to which PPPI purchases, its total requirements of any product or service
from a third party or that contains “take or pay” provisions, or that requires any customer of PPPI to purchase its total requirements of any product or service from PPPI or that contains “take or pay” provisions; 

(iv) that (A) continues over a period of more than twelve (12) months from the date hereof (other than purchase
orders issued to or by PPPI in the ordinary course of business (and related terms and conditions) which provide for the payment or receipt of less than $50,000) or (B) involves payments to or by PPPI exceeding $250,000, other than arrangements
disclosed pursuant to the preceding subsections (i) and (ii); 
 (v) that is an employment, independent contractor,
consulting, termination or severance Contract, other than any such Contract that is terminable at-will by PPPI without liability to PPPI; 

(vi) that is a partnership, joint venture or similar Contract; 

(vii) that is a distribution, dealer, representative or sales agency Contract; 

(viii) that is a (A) Contract for the lease of real property or (B) Contract for the lease of personal property, in
either case which provides for payments to or by PPPI in any one case of $100,000 or more annually or $250,000 or more over the term of the lease; 

(ix) for the purchase or sale of real property and calling for expenditures by PPPI in excess of $250,000; 

(x) that provides for the indemnification by PPPI of any Person, the undertaking by PPPI to be responsible for consequential
damages or the assumption by PPPI of any Tax, environmental or other liability (other than purchase orders issued to or by PPPI in the ordinary course of business (and related terms and conditions) which provide for the payment or receipt of less
than $50,000); 

  
 16 

 (xi) with any Governmental Body; 

(xii) that is a note, debenture, bond, equipment trust, letter of credit, loan or other Contract for Indebtedness or lending of
money or Contract for a line of credit or guarantee, pledge or undertaking of the Indebtedness of any other Person; 
 (xiii)
for any capital expenditure or leasehold improvement in any one case in excess of $250,000 or in the aggregate greater than $1,000,000; 

(xiv) that provides for PPPI to make a capital contribution to, or other investment in, any Person other than PPPI; 

(xv) that restricts or purports to restrict the right of PPPI to engage in any line of business, acquire any property, develop
or distribute any product or provide any service (including geographic restrictions) or to compete with any Person; 
 (xvi)
that obligates PPPI to conduct business on an exclusive basis with any Person; 
 (xvii) that is a license, sublicense or
other Contract pursuant to which PPPI authorizes a third party to use, practice any rights under or grant sublicenses with respect to, any Intellectual Property owned or licensed by PPPI; 

(xviii) that is a license, sublicense or other Contract pursuant to which a third party authorizes PPPI to use, practice any
rights under or grant sublicenses with respect to any Intellectual Property owned by such third party; 
 (xix) that relates
to the acquisition or disposition of any material business (whether by merger, sale of stock, sale of assets or otherwise); 

(xx) that is a collective bargaining Contract or other Contract with any labor organization, union or association (including
works council Contracts or other labor union or employee representative Contract applicable to persons employed by PPPI); and 

(xxi) that is otherwise material to PPPI as a whole and not previously disclosed pursuant to this Section 3.15(a).

 (b) A true, correct and complete copy of each of the Material Contracts, and all amendments thereto, have been provided to
PSI. Each Material Contract is legal, valid, binding, enforceable and in full force and effect against PPPI and, to the Knowledge of PPPI, the other parties thereto. Neither PPPI nor, to the Knowledge of PPPI, any other Person who is a party to any
Material Contract is in material breach or material default under the terms of any Material Contract (with or without the lapse of time, or the giving of notice, or both) (except that, notwithstanding the foregoing, all representations and
warranties regarding compliance with Environmental Laws shall be 

  
 17 

 
governed solely by Section 3.19, below). PPPI has not sent or received any written notice of breach, default, termination or cure with respect to any Material Contract or any
condition that, with the lapse of time or the giving of notice, would cause a breach of or default under any Material Contract, in each case that is not currently resolved. To the Knowledge of PPPI, no event or circumstance has occurred that, with
or without the lapse of time, or the giving of notice, or both, would constitute an event of default under any Material Contract or result in a termination of any Material Contract. 

3.16. Personnel Matters; Labor Practices. 

(a) Schedule 3.16(a) sets forth a true, correct and complete list of all officers and employees of PPPI as of
March 26, 2014, including those individuals on leave of absence or layoff status or temporary military recall, by: name, job titles, date of employment, exempt or non-exempt status, and rates of salary, wages or commissions. Schedule
3.16(a) also sets forth a true, correct and complete list of all those individuals engaged as independent contractors of PPPI as of March 26, 2014, including name, purpose of the engagement, term of engagement, and payment terms. Except as
set forth on Schedule 3.16(a), during the six (6) month period prior to the Closing Date, no employee was terminated or voluntarily resigned from employment with PPPI. No employee whose annual base compensation in 2013 was in excess of
$50,000 has notified PPPI in writing of his or her intention to resign or retire. 
 (b) Except for those disclosed on
Schedule 3.16(b), PPPI has not entered into any Contract with any employee entitling such Person to a bonus, severance, employee benefits, or other payment or benefit upon the consummation of the transactions contemplated hereby. 

(c) Except as provided in Schedule 3.16(c), to the Knowledge of PPPI, PPPI is in compliance in all material respects
with all applicable Legal Requirements relating to the employment of labor including hiring, discipline, promotion, compensation, benefits, wages, hours, classification, time off, equal opportunity, collective bargaining, safety, discrimination,
harassment, retaliation, immigration, termination, and the payment and/or withholding of social security and Taxes. Except as provided in Schedule 3.16(c), to the Knowledge of PPPI, there are no pending or threatened actions, suits,
proceedings, hearings, charges, claims, complaints or demands by any past or present employee, intern, independent contractor or applicant for employment regarding wrongful discharge, employment discrimination or harassment, misclassification,
retaliation, payment of wages, deduction from wages, overtime payments, hours worked, violation of contract (whether written or oral, express or implied), tortious conduct by PPPI or denial of rights afforded under applicable Legal Requirements.
Except as provided in Schedule 3.16(c), in the three (3) years prior to the Closing Date, there have been no actions, suits, proceedings, hearings, investigations, charges, claims, complaints or demands against PPPI before any
Governmental Body regarding the Fair Labor Standards Act, Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Age Discrimination in Employment Act, the Older Workers Benefit Act, the
Occupational Safety and Health Act, the National Labor Relations Act, the Uniformed Services Employment and Reemployment Rights Act, or the Worker Adjustment and 

  
 18 

 
Retraining Notification Act, each as amended, any similar federal, state or local Legal Requirement concerning employment or wages, or any public policy or common law of any state relating to
employment or personal injury, including but not limited to claims for wrongful discharge, defamation, invasion of privacy, infliction of emotional distress, negligence, or interference with contract. Except as provided in Schedule 3.16(c),
PPPI is not bound by any Governmental Body order, ruling, consent decree, abatement plan, or decision of any kind respecting employment or compensation of any past or present employees. 

(d) PPPI is not a party to any Contract with any union, trade union, labor organization, employee group or other entity
regarding the terms or conditions of employment of employees of PPPI, including, but not limited to, any collective bargaining agreements or agreements or side letter agreements with any labor union or organization. During the three (3) year
period immediately preceding the date hereof, there have been no, and to the Knowledge of PPPI, there are no threatened or pending, representation campaigns, elections, strikes, slowdowns, work stoppages, lockouts, grievances, collective bargaining
disputes or claims of unfair labor practices involving any employee of PPPI. PPPI has not committed, nor has it been held by any Governmental Body to have committed, any unfair labor practice. To the Knowledge of PPPI, no organizational effort has
been threatened and no organizational effort is presently being made, by or on behalf of any labor union with respect to PPPI’s employees. 

3.17. Benefit Plans. 

(a) Schedule 3.17(a) sets forth a true, correct and complete list of each Pension Plan, each Welfare Plan
(including all self-insured plans) and each Benefit Arrangement (each, a “Plan” and, collectively, the “Plans”). A description of any unwritten Plan, including a description of any material terms thereof, is set
forth on Schedule 3.17(a). PPPI has no commitment to create any additional Plan, to modify or change any existing Plan, or to terminate any existing Plan that would affect any current or former employee of PPPI. Each Plan may be amended,
terminated, modified or otherwise revised by PSI, on and after the Closing, without further liability to PSI. 
 (b) Except
as set forth on Schedule 3.17(b), each Plan (i) has been in and currently complies in all material respects in form and in operation, with all applicable requirements of ERISA, the Code and any other applicable Legal Requirements, and
has been operated in accordance with its terms; (ii) has been and is operated and funded in such a manner as to qualify, where appropriate, for both federal and state purposes, for income tax exclusions to its participants, tax-exempt income
for its funding vehicle, and the allowance of deductions and credits with respect to contributions thereto; and (iii) that is intended to be qualified under Section 401(a) of the Code has received a determination from the IRS that such
Plan is so qualified, and nothing has occurred since the date of such determination that would cause such determination letter to become unreliable. 

  
 19 

 (c) There are no actions, suits, investigations or claims pending or, to the
Knowledge of PPPI, threatened with respect to any Plan, or the assets thereof (other than routine claims for benefits). 

(d) PPPI has or will have made to each Plan, prior to the Closing Date, all contributions and premium payments (including all
employer contributions and employee salary reduction contributions) that are due within the time periods prescribed by ERISA and the Code, and all contributions and premium payments for any period ending on or before the Closing Date that are not
yet due have been made to each Plan or accrued in accordance with past custom and practice of PPPI on the Final Working Capital Statement. 

(e) PPPI has made available to PSI (i) true and complete copies of each Plan (including all amendments thereto),
(ii) all trust agreements, insurance contracts or any other funding instruments related to the Plans, (iii) the most recent actuarial and financial reports and the annual reports filed with any Governmental Body with respect to the Plans
during the most recent three (3) years, (iv) the Form 5500 Annual Report (or evidence of any applicable exemption) for the three (3) most recent plan years to the extent such forms are required for any Plan, (v) the most recent
summary plan description and any summary of material modifications thereto which relates to any Plan, and (vi) copies of the most recent and any other material determination letter, ruling or notice issued by any Governmental Body with respect
to each Plan that remains in effect. 
 (f) Neither PPPI nor any ERISA Affiliate has at any time maintained, sponsored,
participated in or contributed to, or has any liability with respect to, any “employee benefit plan” (as described in Section 3(3) of ERISA) which is (i) a “multiemployer plan” (as defined in Section 3(37) or 4001
of ERISA), (ii) a “multiple employer plan” (within the meaning of Section 413(c) of the Code), (iii) a “multiple employer welfare arrangement” (within the meaning of Section 3(40) of ERISA), or
(iv) subject to Section 302 or Title IV of ERISA or Section 412 of the Code. 
 (g) Except as set forth on
Schedule 3.17(g) and except as would not reasonably be expected to result in a material liability to PPPI, no Person has: (i) entered into any nonexempt “prohibited transaction,” as such term is defined in ERISA and the Code,
with respect to any Plan; (ii) breached a fiduciary obligation under Title I of ERISA with respect to any Plan; or (iii) otherwise has any liability for any failure to act or comply in connection with the administration or investment of
the assets of any Plan. 
 (h) Except as set forth on Schedule 3.17(h), no Plan provides medical, health, life
insurance or other welfare-type benefits to retirees or former employees or individuals who terminate (or have terminated) employment with any of PPPI or any ERISA Affiliate, or the spouses and dependents of any of the foregoing (except for limited
continued medical benefit coverage for former employees, their spouses and other dependents as required to be provided under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (“COBRA”) or applicable similar
state law). 

  
 20 

 (i) Except as set forth on Schedule 3.17(i), neither the execution and
delivery of this Agreement nor the consummation of the transactions contemplated hereby will, either alone or in combination with another event, (i) entitle any Person currently or formerly providing services to PPPI to severance pay or any
other payment or form of compensation or benefit upon termination of services, (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any such current or former service provider, (iii) directly or
indirectly cause PPPI to transfer or set aside any assets to fund any material benefits under any Plan, (iv) otherwise give rise to any material liability under any Plan. No Plan or any other agreement, program, policy or other arrangement by
or to which either PPPI or any ERISA Affiliate, are bound or are otherwise liable, by its terms or in effect, could reasonably be expected to require any payment or transfer of money, property or other consideration on account of or in connection
with the transactions contemplated by this Agreement or any subsequent termination of employment which payment could constitute an “excess parachute payment” within the meaning of Section 280G of the Code. 

(j) PPPI has, for purposes of each relevant Plan, correctly classified those individuals performing services for PPPI as common
law employees, leased employees, independent contractors or agents of PPPI. 
 (k) There is no Plan, employment agreement or
other agreement or arrangement in which an employee, agent or independent contractor is or would be subject to tax on compensation payable thereunder pursuant to Code Section 409A. Further, PPPI has no Plan, contract, agreement or other
arrangement to pay or “gross-up” an employee, agent or independent contractor in the event a Code Section 409A additional tax is imposed on such person. 

3.18. Events Since Balance Sheet Date. Since the Balance Sheet Date, no Seller Company has experienced any Material Adverse Effect.
Since the Balance Sheet Date, no Seller Company has: 
 (a) Except for the Excluded Assets which PPPI may cause to be
transferred to the Seller or the Shareholders or their assignees on or prior to the Closing, sold, transferred, leased or otherwise disposed of, or agreed to sell, transfer, lease or otherwise dispose of, any material assets or properties of PPPI
other than in the ordinary course of business; 
 (b) Except for merit, cost-of-living and promotional increases to employees
in the ordinary course of business consistent with past practices of the Seller Companies, made or agreed to make any change in the rate of compensation, commission, bonus or other remuneration payable to, or granted any severance or termination pay
to, or increased benefits payable under any existing severance or termination pay policies to, or entered into or modified any employment agreements with, any employees, officers or directors of any Seller Company; 

(c) Made or granted any increase in, or amended or terminated, any existing Plan or adopted any new Plan; 

  
 21 

 (d) Except in connection with the Reorganization, purchased, redeemed or
otherwise acquired or retired for value any capital stock or other equity interests of any Seller Company or engaged in any recapitalization, issuance or other transaction involving the capital stock or other equity interests of any Seller Company;

 (e) Except in connection with the Reorganization, authorized or issued any capital stock, membership interests or
securities convertible into capital stock or other equity interests of any Seller Company, including options, warrants, convertible debt or other rights to acquire capital stock or other equity interests of any Seller Company; 

(f) Except in connection with the Reorganization, amended the Organizational Documents of any Seller Company; 

(g) Made any change in accounting methods or practices, or Tax reporting principles, other than changes required by changes in
GAAP or the Code; 
 (h) Made any change to any pricing policies or payment or credit practices, other than pricing changes
in the ordinary course of business; 
 (i) Changed or rescinded any material election relating to Taxes, filed any amended
Tax Return, entered into any closing agreement or settled any Tax audit or proceeding relating to the Seller and PPPI, surrendered any right to claim a refund of Taxes, consented to any extension or waiver of the limitation period applicable to any
Tax claim or assessment relating to the Seller and PPPI or settled or compromised any material Tax liability; 
 (j) Except
in connection with the Reorganization, formed any Subsidiary or entered into any partnership, joint venture or similar relationship in which an equity interest of another Person was acquired by any Seller Company; 

(k) Acquired any business enterprise whether via stock purchase, asset purchase or otherwise; 

(l) Made any capital expenditures or commitments therefor such that the aggregate outstanding amount of unpaid obligations and
commitments with respect thereto shall comprise in excess of $250,000 on the date hereof; or 
 (m) Except in connection with
the Reorganization, entered into any Contract to do any of the foregoing. 
 3.19. Compliance with Environmental Laws. Except as
disclosed on Schedule 3.19, (i) there exists no material pending or, to the Knowledge of PPPI, threatened Environmental Claim against PPPI under Environmental Law for any Hazardous Substances which have been generated, treated, stored,
handled or removed from or disposed of on the Leased Real Estate; (ii) to the Knowledge of PPPI, no Hazardous Substances have migrated onto such Leased Real Estate from any adjacent property or have migrated, emanated or originated from such
Leased Real Estate onto any other property; and (iii) to the Knowledge of PPPI, PPPI has obtained all material Governmental Authorizations for the operation of the Business and the use of the Leased Real Estate by PPPI, as required by any
applicable Environmental Law, except where the lack of such Governmental Authorization would not be reasonably expected to lead to an Environmental Claim. 

  
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 3.20. Insurance. Schedule 3.20 sets forth a true, correct and complete list of
all insurance and bonds currently maintained by each Seller Company with respect to the Business, assets, directors, employees or operations of, each Seller Company and any self-insurance arrangement by each Seller Company (the “Insurance
Policies”). Schedule 3.20 includes for each Insurance Policy the type of policy, form of coverage, policy number, name of insurer and its expiration date. Each Insurance Policy is in full force and effect, and no Seller Company has
received written notice of any cancellation or threat of cancellation of any Insurance Policy. Schedule 3.20 also sets forth a list of all pending claims and the claims history for each Seller Company for the past five (5) years
with respect to the Insurance Policies. The Insurance Policies are sufficient for compliance with all Legal Requirements and Contracts to which each Seller Company is a party or by which it is bound. There exists no default or event that, with the
giving of notice or lapse of time or both, would constitute a default under any Insurance Policy or entitle any insurer to terminate or cancel any Insurance Policy. 

3.21. Compliance with Legal Requirements; Governmental Authorizations. Except as set forth on Schedule 3.21(a), PPPI is, and has
been since January 1, 2009, in compliance in all material respects with all Legal Requirements applicable to PPPI. Except as set forth on Schedule 3.21(a), since January 1, 2009, no Seller Company has (i) received any written
notice from any Governmental Body with respect to any alleged violation by such Seller Company of any applicable Legal Requirements or (ii) entered into or been subject to any Order with respect to the business of such Seller Company or any of
their respective properties or assets, or received any written request for information, notice, demand letter, inquiry, complaint or claim from any Governmental Body with respect to the foregoing. Schedule 3.21(b) sets forth a true, correct
and complete list of all Governmental Authorizations from or of all Governmental Bodies required under applicable Legal Requirements in connection with the conduct of the Business. PPPI holds all Governmental Authorizations required by all Legal
Requirements applicable to PPPI for the operation of the Business. All Governmental Authorizations issued to PPPI are in full force and effect and PPPI is, and has been since January 1, 2009, in compliance in all material respects with such
Governmental Authorizations. Since January 1, 2009, no Seller Company has received any written or, to the Knowledge of PPPI, verbal notice regarding any actual or alleged failure to comply with any such Governmental Authorization and no action,
suit, proceeding or investigation is pending or, to the Knowledge of PPPI, threatened to revoke, suspend deny, terminate, cancel, withdraw or limit any such Governmental Authorization. To the Knowledge of PPPI, no event has occurred and no
circumstance exists that, with or without the passage of time or the giving of notice, would reasonably be expected to result in a violation of, conflict with, failure on the part of PPPI to comply with the terms of, or the revocation, withdrawal,
termination, cancellation, suspension or modification of any such Governmental Authorization. 
 3.22. Anti-Corruption Laws. 

(a) No Seller Company, nor, to the Knowledge of PPPI, any of their respective employees (in each case, acting in their
capacities as such) has, in the past five (5) years, directly or indirectly through its representatives or any Person authorized to act 

  
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on its behalf, (i) violated any applicable Anti-corruption Laws or (ii) offered, paid, promised to pay, or authorized the payment of any money, or offered, gifted, promised to give, or
authorized the giving of anything of value, to any Government Official or to any other Person: (A) for the purpose of (1) corruptly or illegally influencing any act or decision of any Government Official in his official capacity;
(2) inducing any Government Official to do or omit to do any act in violation of their lawful duties; (3) securing any illegal advantage; or (4) inducing any Government Official to use his respective influence with a Governmental Body
to affect any act or decision of such Governmental Body in order to, in the case of each of clause (1), (2), (3) or (4) assist any Seller Company in obtaining or retaining business for or with, or directing business to, any Seller Company;
or (B) in a manner which would constitute or have the purpose or effect of public or commercial bribery, acceptance of, or acquiescence in extortion, kickbacks, or other unlawful or improper means of obtaining business or any improper
advantage. 
 (b) (i) there have been no false or fictitious entries made in the books and records of any Seller Company
relating to any unlawful offer, payment, promise to pay, or authorization of the payment of any money, or unlawful offer, gift, promise to give, or authorization of the giving of anything of value, including any bribe, kickback or other illegal
payment, and (ii) no Seller Company has established or maintained a secret or unrecorded fund. 
 (c) No Seller Company
or, to the Knowledge of PPPI, any of their respective employees (acting in their capacities as such) has been convicted of violating any Anti-corruption Laws or, to the Knowledge of PPPI, subjected to any investigation or proceeding by a
Governmental Body for, in each case, potential corruption, fraud or violation of any applicable Anti-corruption Laws. 
 3.23. No
Undisclosed Liabilities. To the Knowledge of PPPI, PPPI does not have any liabilities or obligations of any kind whatsoever, whether fixed or contingent, other than (a) liabilities or obligations that are accrued or reserved against in the
Latest Balance Sheet or disclosed in any notes thereto, (b) liabilities or obligations that have been incurred in the ordinary course of business and consistent with past practice since the Balance Sheet Date, (c) executory obligations to
be performed after Closing arising under any Contracts or (d) liabilities or obligations that would not reasonably be expected to be material, individually or in the aggregate, to the Business, operations, assets, prospects or financial
condition of PPPI. 
 3.24. Inventory. All inventory of the Seller Companies, including, without limitation, all inventory of PPPI
shown on the Latest Balance Sheet and all inventory of PPPI thereafter created or acquired by PPPI prior to the Closing Date, has been created or acquired in the ordinary course of business, subject to the reserves set forth on PPPI’s books and
records. The inventory disposed of subsequent to Balance Sheet Date has been disposed of only in the ordinary course of business. 
 3.25.
Product Warranty. Except as set forth on Schedule 3.25, to the Knowledge of PPPI, each product or service sold, leased or delivered by PPPI since January 1, 2011 is and has been sold, leased or delivered in conformity in all material
respects with all applicable contractual warranties. Except as set forth 

  
 24 

 
on Schedule 3.25, there are no, and since January 1, 2011 there have been no, claims pending or, to the Knowledge of PPPI, threatened against PPPI with respect to any product warranty
of PPPI that covers products manufactured by PPPI, since January 1, 2011. 
 3.26. Product Liability. Schedule 3.26 sets
forth a true, correct and complete list and summary description of all pending or, to the Knowledge of PPPI, threatened claims arising from or alleged to arise from any injury to person or property as a result of the ownership, possession or use of
any product manufactured, distributed or sold by PPPI since January 1, 2011. 
 3.27. Customers and Suppliers. 

(a) Schedule 3.27(a) contains a true, correct and complete list of the top ten (10) currently active customers of
the Seller Companies determined on a consolidated basis, as measured by total revenue to the Seller Companies for the calendar year ended December 31, 2013 (each such customer, a “Top Customer”). No Seller Company has received
written notice, nor does PPPI have Knowledge, that any Top Customer intends to cancel, or otherwise materially and adversely modify its relationship with any Seller Company (whether related to payment, price or otherwise) on account of the
transactions contemplated by this Agreement or otherwise. 
 (b) Schedule 3.27(b) contains a true, correct and
complete list of the top ten (10) suppliers of the Seller Companies determined on a consolidated basis, as measured by total dollar volume of purchases by the Seller Companies for the calendar year ended December 31, 2013 and any other
Sole Source Supplier (each such supplier, a “Top Supplier”). No Seller Company has received written notice, nor does PPPI have Knowledge, that any Top Supplier intends to cancel, or otherwise materially and adversely modify its
relationship with any Seller Company (whether related to payment, price or otherwise) on account of the transactions contemplated by this Agreement or otherwise. 

3.28. Accounts; Safe Deposit Boxes. Schedule 3.28 contains a true, correct and complete list of all bank and savings
accounts and safe deposit boxes of PPPI and all persons authorized to sign thereon. 
 3.29. Brokers; Agents. No Seller Company and
neither Shareholder has dealt with any agent, finder, broker or other representative in any manner which could result in PSI being liable for any fee or commission in the nature of a finder’s fee or originator’s fee in connection with the
subject matter of this Agreement. 
 3.30. Affiliate Transactions. No Shareholder or any Affiliate of either Shareholder, and no
officer or director of any Seller Company, is party to or bound by any Contract between such Person, on the one hand, and PPPI, on the other hand. No Shareholder nor any Affiliate of either Shareholder, or any officer or director of any Seller
Company has any material interest in any material property or assets owned or leased by PPPI or used by PPPI in connection with the Business. 

  
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 3.31. Investor Status; Access to Information. 

(a) Each of the Seller and each Shareholder is (i) an “accredited investor,” as defined in Rule 501(a) of
Regulation D under the Securities Act and (ii) is acquiring the PSI Shares for its own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof other than in compliance with the
Securities Act and other applicable securities laws. Each of the Seller and each Shareholder has such knowledge, sophistication and experience in business and financial matters as to be capable of evaluating the merits, risks and other
considerations relating to the acquisition and ownership of the PSI Shares. Each of the Seller and each Shareholder has made its own legal, tax, accounting and financial evaluation of the merits, risks and other considerations relating to the
acquisition and ownership of the PSI Shares and each of the Seller and each Shareholder is able to bear the risks associated with the acquisition and ownership of the PSI Shares. 

(b) Each of the Seller and each Shareholder has been provided an opportunity to ask questions of, and has received answers
satisfactory from, PSI and its representatives regarding the PSI Shares, and has obtained a copy of all information from PSI and its representatives that the Seller and each such Shareholder deems necessary with respect to the PSI Shares. Each of
the Seller and each Shareholder acknowledges that the PSI Shares have not been registered under the Securities Act and, therefore, cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is
available. 
 (c) The representations and warranties of the Seller and the Shareholders contained in this
Section 3.31 shall not, in any way, limit the representations and warranties of PSI made pursuant to Article IV, below. 

3.32. DISCLAIMER OF OTHER REPRESENTATIONS AND WARRANTIES. EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE III AS
QUALIFIED BY THE DISCLOSURE SCHEDULE, NONE OF THE SELLER COMPANIES OR ANY SHAREHOLDER, NOR ANY AFFILIATE OF THE SELLER COMPANIES OR ANY SHAREHOLDER, NOR ANY OTHER PERSON, INCLUDING ANY REPRESENTATIVE OF THE SELLER COMPANIES, OR ANY SHAREHOLDER, ON
BEHALF OF THE SELLER COMPANIES OR ANY SHAREHOLDER MAKES ANY OTHER REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, AT LAW OR IN EQUITY, WITH RESPECT TO (A) THE SELLER COMPANIES OR THE SHAREHOLDERS OR THEIR RESPECTIVE AFFILIATES,
(B) THE BUSINESS OR THE OPERATIONS, ASSETS, PROSPECTS OR FINANCIAL CONDITION OF ANY SELLER COMPANY (C) THE INCOME POTENTIALLY TO BE DERIVED FROM THE BUSINESS OF ANY SELLER COMPANY OR THE VALUE OF THE BUSINESS OF ANY SELLER COMPANY,
(D) THE PPPI STOCK, (E) THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY ANCILLARY AGREEMENT OR (F) ANY OTHER MATTER WHATSOEVER. 

  
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 ARTICLE IV 

Warranties and Representations of PSI 

PSI hereby warrants and represents to the Seller and the Shareholders, which warranties and representations shall survive the Closing, that
the following statements are true and correct as the date hereof: 
 4.1. Authority. PSI is a corporation validly existing and in good
standing under the laws of the State of Delaware. PSI has the organizational power and authority to own or lease its properties and assets and to carry on all business activities currently conducted by it. PSI has the organizational power and
authority to enter into this Agreement and the Ancillary Agreements to be signed by it and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Ancillary Agreements to which PSI is a
party, the performance by PSI of its obligations hereunder and thereunder, and the consummation of the transactions contemplated hereby or thereby by PSI (to the extent a party thereto) have been duly and validly authorized by all necessary
organizational action on the part of PSI, and the execution, delivery and performance by PSI of this Agreement and each Ancillary Agreement to which PSI is a party does not require any further authorization or consent of PSI. This Agreement has
been, and each Ancillary Agreement to be signed by PSI will be, duly and validly executed and delivered by an authorized representative of PSI and this Agreement and such Ancillary Agreements are and shall constitute valid and legally binding
obligations of PSI (to the extent a party thereto) enforceable against PSI (to the extent a party thereto) in accordance with their respective terms, subject in each case to bankruptcy, reorganization, insolvency and other similar laws affecting the
enforcement of creditors’ rights in general and to general principles of equity (regardless of whether considered in a Proceeding in equity or an action at law). 

4.2. No Conflict. Neither the execution and delivery of this Agreement or any of the Ancillary Agreements by PSI (to the extent a party
thereto) nor the consummation or performance of any of the transactions contemplated hereunder or thereunder by PSI will (a) contravene, conflict with, or result in a violation of or default under any provision of the Organizational Documents
of PSI; (b) contravene, conflict with, or result in a violation of or default under any Legal Requirement or any Order to which PSI is subject or give any Governmental Body or other Person the right to challenge any of the transactions
contemplated by this Agreement or the Ancillary Agreements or to exercise any remedy, obtain any relief under or revoke or otherwise modify any rights held under, any such Legal Requirement or Order; or (c) violate or conflict with, result in a
default or an event of default under, or give any Person the right to exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate or modify any material Contract to which PSI is a party, by which PSI or its
assets is bound, or of which PSI is a beneficiary. No action, consent, approval, order or authorization of, or registration, declaration or filing by PSI with any Governmental Body is required to be obtained or made in connection with the execution,
delivery and performance of this Agreement and the Ancillary Agreements by PSI, or the consummation by PSI of any of the transactions contemplated hereby or thereby. 

4.3. Proceedings. There is no Proceeding pending or, to the knowledge of PSI, threatened against PSI which questions the validity of
this Agreement or the ability of PSI to consummate the transactions contemplated hereby and under the Ancillary Agreements. 

  
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 4.4. Diligence. PSI has such knowledge and experience in financial and business matters
that it is capable of evaluating the merits and risks of its purchase of the PPPI Stock. PSI confirms that it has conducted such investigations of the Seller Companies and their businesses as it deems necessary in connection with the execution of
this Agreement and the Ancillary Agreements to which it is a party and the consummation of the transactions contemplated hereby and thereby. In connection with such investigation, PSI and its Representatives may have received from or on behalf of
the Seller Companies certain estimates, budgets, forecasts, plans and financial projections (“Forward-Looking Statements”), and PSI hereby acknowledges that (i) there are uncertainties inherent in making Forward-Looking
Statements and (ii) it is familiar with such uncertainties and is taking full responsibility for making its own evaluation of the adequacy and accuracy of all Forward-Looking Statements so furnished to it and its Representatives (including the
reasonableness of the assumptions underlying such Forward-Looking Statements where such assumptions are explicitly disclosed). PSI further acknowledges that neither PPPI, any Seller Company nor any other Person has made or is making any
representation or warranty with respect to any Forward-Looking Statements. 
 4.5. PSI Shares. The PSI Shares, when delivered to the
Shareholders in accordance with the terms of this Agreement, will (a) be duly authorized, validly issued, fully paid and nonassessable, (b) convey to the Shareholders good and valid title to the PSI Shares, free and clear of any and all
Liens (except for restrictions on transfer under applicable Legal Requirements (including securities laws)) and (c) not be issued in violation of any purchase or call option, right of first refusal, subscription right, preemptive right or any
similar rights. Assuming the accuracy of the representations provided by each Shareholder pursuant to clauses (i) and (ii) of Section 3.31(a), the offer, issuance, sale and delivery of the PSI Shares pursuant to the terms of
this Agreement will be (x) in compliance with all applicable state and federal securities laws, (y) exempt from the registration requirements under the Securities Act and (z) exempt from all applicable state securities law
registration and qualification requirements. 
 4.6. Brokers; Agents. PSI has not dealt with any agent, finder, broker or other
representative in any manner which could result in the Seller, PPPI or the Shareholders being liable for any fee or commission in the nature of a finder’s or originator’s fee in connection with the subject matter of this Agreement. 

4.7. SEC Reports; Financial Statements. 

(a) Since January 1, 2013 through the date of this Agreement, PSI has timely filed all reports, schedules, forms,
registration statements and other documents required to be filed by it with the SEC pursuant to the requirements of the Exchange Act (all of the foregoing, together with any other reports, schedules, forms, registration statements and other
documents filed by PSI with the SEC since January 1, 2013 and prior to the date of this Agreement (including in each case all exhibits included therewith and financial statements and schedules thereto and documents incorporated by reference
therein) being referred to herein as the “SEC Documents” and PSI’s balance sheet as of December 31, 2013, as included in PSI’s annual report on Form 10-K for the period then ended, as filed with the SEC on
February 28, 2014, being referred to herein as the “PSI Balance Sheet”). As of its respective date and, except to the extent that any SEC Document(s) has been revised, updated or superseded by a later filed SEC Document, as of
the date of this 

  
 28 

 
Agreement, each SEC Document complied in all material respects with the requirements of the Exchange Act or the Securities Act, as the case may be, and the rules and regulations of the SEC
promulgated thereunder applicable to such SEC Document. None of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. PSI has not received any written comments from the SEC staff with respect to the SEC Documents that have not been resolved
to the satisfaction of the SEC staff. 
 (b) As of their respective dates, the consolidated audited financial statements of
PSI and its Subsidiaries included in the SEC Documents, including the notes thereto, and the PSI Balance Sheet, complied as to form in all material respects with applicable accounting requirements and the securities laws with respect thereto. Such
consolidated audited financial statements and the PSI Balance Sheet have been prepared in accordance with GAAP, consistently applied, during the periods involved (except as may be otherwise indicated in such financial statements or the notes
thereto) and fairly present in all material respects the financial position of PSI and its Subsidiaries as of the dates thereof and the results of its or their operations and cash flows, as applicable, for the periods then ended. 

ARTICLE V 
 Disclosure
Schedule 
 5.1. Disclosure Schedule. The schedules and information set forth in the Disclosure Schedule refer to the section
or paragraph of this Agreement to which such schedule and information is responsive and each other section and/or paragraph in which the applicability thereof is reasonably apparent on its face. All capitalized terms used in the Disclosure Schedule
and not otherwise defined therein shall have the same meanings as are ascribed to such terms in this Agreement. The Disclosure Schedule shall not vary, change or alter the literal meaning of the representations and warranties contained in this
Agreement, other than creating exceptions thereto which are responsive to the language of the warranties and representations contained in this Agreement. 

ARTICLE VI 
 Covenants

 6.1. Cooperation. PSI and the Shareholders shall cooperate with each other and shall cause their respective Representatives
to cooperate with each other after the Closing to ensure the orderly transition of the ownership of PPPI and control of its business to PSI and to minimize any disruption to the business of PPPI that might result from the transactions contemplated
hereby. 

  
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 6.2. Records/Personnel. 

(a) PSI will retain (or cause PPPI to retain) the Records delivered to it by PPPI or its Affiliates or Representatives in
accordance with its internal records retention policy and applicable Legal Requirements. Following the Closing and upon reasonable notice and request by any Shareholder and upon execution of a customary confidentiality agreement, PSI, during normal
business hours, shall permit any Representative of the Shareholders to examine, copy and make extracts from all Records, all without cost, surcharge or expense to the Shareholders other than reasonable copy charges, to the extent reasonably required
in connection with any Tax matters to which such access is reasonably relevant; provided, that neither Shareholder, nor any Representative of such Shareholder, shall be permitted to examine, copy or make extracts from any Records in the event
that such Shareholder is involved with a business that is, or could reasonably be expected to be, competitive with PPPI. 

(b) For a period of three (3) years following the Closing, PSI shall, at the sole cost and expense of the Shareholders,
make employees of PPPI available to the Shareholders and their Representatives at such employee’s normal business location and during such employee’s normal business hours to provide the Shareholders with reasonable assistance in
connection with the following, so long as such assistance is not unreasonably disruptive of PPPI: 
 (i) Responding to
inquiries from or audits by or required by any Governmental Body or assisting in connection with any Legal Requirement, including preparation of responses and other required documents; 

(ii) Providing support and information in connection with any accounting requirements or preparing appropriate financial
statements including the Final Working Capital Statement and Final Excluded Liabilities Statement; 
 (iii) Providing support
and information necessary for preparing Tax Returns for periods prior to and including the years ending on or prior to the Closing Date; 

(iv) Providing support and information to respond to any Tax inquiries, audits or other Proceedings for any period or partial
period prior to the Closing Date; and 
 (v) Providing other assistance of a similar nature as may be reasonably required by
a Shareholder or the Seller Representative. 
 6.3. Publicity. Following the Closing, (a) nothing contained herein shall prohibit
or otherwise restrict PSI from issuing any public release or announcement with respect to the business and affairs of PPPI, including any release or announcement required by applicable Legal Requirements (including the requirements of any applicable
stock exchange rules) and (b) neither the Seller nor any Shareholder shall issue or cause to be issued any report, statement or press release or otherwise make any public statement with respect to this Agreement and the transactions
contemplated hereby without the prior written consent of PSI. 
 6.4. Execution of Additional Documents. From time to time after the
Closing, as and when requested by a party hereto, each party hereto shall execute and deliver, or cause to be executed and delivered, all such documents and instruments, and shall take, or cause to be taken, all such further or other actions as such
other party may reasonably deem necessary to consummate the transactions contemplated by this Agreement and the Ancillary Agreements. 

  
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 6.5. Officer and Director Indemnification. PSI and PPPI shall, for a period of six
(6) years after the Closing Date, unless otherwise required by applicable Legal Requirements, jointly and severally indemnify and hold harmless against all losses, claims, damages, expenses or liabilities, and provide advancement of expenses in
advance of the final disposition of any such claim or proceeding to, all past and present directors, officers and employees of PPPI (in all their capacities as such) to the fullest extent permitted by Legal Requirements for acts or omissions
occurring at or prior to the Closing Date; provided, that in the event any claim is asserted or made within such six (6) year period, all rights hereunder in respect of such claim shall continue until disposition thereof. The parties
acknowledge and agree that if any PSI Indemnified Party is entitled to indemnification under Article VII hereunder with respect to the act, omission, claim, event or other Proceeding resulting in indemnification (or advancement of expenses)
obligations of PSI and PPPI under this Section 6.5, the costs and expenses incurred by PSI and PPPI in providing such indemnification (or advancement of expenses) shall be included within the Losses for which the PSI Indemnified Party is
entitled to indemnification under Article VII. PSI shall further cause PPPI to maintain for a period of six (6) years from the Closing Date the current policy of officer and director’s liability insurance maintained by PPPI
(provided that PSI may substitute therefor policies of at least the same coverage and amounts containing terms and conditions that are, in the aggregate, no less advantageous to the insured than the current policies maintained by PPPI) with respect
to claims arising from facts or events that occurred prior to the Closing Date. 
 6.6. Issuance of PSI Shares. 

(a) No later than the earlier of March 31, 2015 and thirty (30) calendar days following PSI’s filing with the
Securities and Exchange Commission of its Annual Report on Form 10-K for the year ended December 31, 2014, PSI shall deliver to the Seller Representative a statement (the “Calculation Statement”) setting forth PSI’s
calculation of the PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) in accordance with the formula set forth in Section 6.6(b), below. During the thirty
(30) calendar period following delivery of the Calculation Statement, PSI shall promptly furnish to the Seller Representative such financial, operating and other data and information related to the preparation of the Calculation Statement and
the calculation of the PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) as the Seller Representative may reasonably request. Within thirty (30) calendar days after receipt of
the Calculation Statement from PSI, the Seller Representative must notify PSI of any objections to PSI’s calculation of the PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller)
and the basis for such disagreements. If the Seller Representative does not notify PSI within such thirty (30) calendar day period that the Seller Representative has any objections to the Calculation Statement or PSI’s calculation of the
PPPI EBITDA or the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller), then the PPPI EBITDA and the number of PSI Shares as set forth in the Calculation Statement shall be final hereunder. If the
Seller Representative does notify PSI within such thirty 

  
 31 

 
(30) calendar day period that the Seller Representative has any such objection, then PSI and the Seller Representative shall use their good faith efforts to attempt to resolve such disputed items
within thirty (30) calendar days after receipt by PSI of the Seller Representative’s notice of dispute. If PSI and the Seller Representative are unable to resolve the disputed items within thirty (30) calendar days after receipt by
PSI of the Seller Representative’s notice of dispute, then PSI and the Seller Representative shall jointly engage the Milwaukee, Wisconsin office of Grant Thornton LLP to resolve finally such disputed items. If the Milwaukee, Wisconsin office
of Grant Thornton LLP is unwilling or unable to serve in such capacity (either due to a conflict of interest or otherwise), then PSI and the Seller Representative shall negotiate in good faith for a period of fifteen (15) calendar days to
select an Independent Accounting Firm to resolve finally such disputed items. If PSI and the Seller Representative are unable to jointly select an Independent Accounting Firm, then each of PSI and the Seller Representative shall select an
Independent Accounting Firm, and such two Independent Accounting Firms shall select a third Independent Accounting Firm, and such third Independent Accounting Firm shall resolve finally such disputed items. The scope of the Independent Accounting
Firm’s engagement shall be limited to the resolution of the disputed items described in the Seller Representative’s notice of dispute, in each case in accordance with GAAP, and the recalculation, if any, of the PPPI EBITDA and the number
of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) in light of such resolution; provided, that the Independent Accounting Firm shall not assign a dollar amount to any item in dispute greater than the
greatest dollar amount for such item assigned by PSI, on the one hand, or the Seller Representative, on the other hand (as applicable), or lower than the lowest dollar amount for such item assigned by PSI, on the one hand, or the Seller
Representative, on the other hand (as applicable). The determination of the Independent Accounting Firm shall be made as promptly as possible and shall be final and binding upon the parties, absent manifest error. Each party hereto shall be
permitted to submit such data and information relating to the unresolved disputed items described in the Seller Representative’s notice of dispute to the Independent Accounting Firm as such party deems appropriate. The expenses and fees of the
Independent Accounting Firm shall be paid by PSI, on the one hand, and the Seller Representative on behalf of the Seller, on the other hand, based upon the percentage that the amount not actually awarded to such party bears to the amount actually
contested by such party. The PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) as finally agreed by the parties or as determined by the Independent Accounting Firm as described
herein shall be the PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) for all purposes hereof. 

(b) Once the PPPI EBITDA has been finally determined in accordance with Section 6.6(a), above, or, if applicable,
Section 6.6(c), below, PSI shall promptly (and in no event more than one (1) Business Day following such determination in the event of a Section 6.6(a) issuance, and in the event of a Section 6.6(c) issuance,
the PSI Shares shall be delivered immediately prior to the closing of the Change of Control as provided in Section 6.6(c), below) issue to the Seller (or the Shareholders, if designated by the Seller) a number of shares of PSI common
stock (the “PSI Shares”) equal to the product of the Base Shares multiplied by a fraction (the “Multiple”), the numerator of which is the PPPI 

  
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EBITDA and the denominator of which is $6,700,000, less the number of PSI Shares issued to the Seller, if any, pursuant to Section 6.6(e); provided, that if the
calculation of the Multiple results in a number that is less than 0.5, then the Multiple shall be deemed to be 0.5 for all purposes under this Agreement, and if the calculation of the Multiple results in a number that is greater than 1.5, then the
Multiple shall be deemed to be 1.5 for all purposes under this Agreement. For the avoidance of doubt, PSI shall not be required to issue PSI Shares with respect to PSI Shares relating to that portion of the PPPI EBITDA then in dispute, until the
PPPI EBITDA and the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller) is finally agreed to by the parties or determined by the Independent Accounting Firm as set forth in Section 6.6(a),
above or, if applicable, Section 6.6(c), below, with respect to such portion of disputed PPPI EBITDA; provided, however, that PSI shall issue all PSI Shares to the Seller (or the Shareholders, if designated by the Seller)
that do not relate to that portion of PPPI EBITDA then in dispute on the date the PSI Shares are to be issued pursuant to the first sentence of this Section 6.6(b). 

(c) Notwithstanding the foregoing, if a Change of Control occurs prior to the date on which the PSI Shares have been issued to
the Seller (or the Shareholders, if designated by the Seller) pursuant to Section 6.6(a) and Section 6.6(b), above, then the number of PSI Shares to be issued to the Seller (or the Shareholders, if designated by the Seller)
pursuant to this Section 6.6 shall be resolved prior to consummation of such Change of Control, in accordance with this Section 6.6(c) and Section 6.6(b), above. In connection with any such Change of Control, PSI
will notify the Seller Representative in writing of such Change of Control on or before the tenth (10th) Business Day following PSI’s first public announcement thereof. Such notice will include a calculation of PPPI EBITDA for the period
through and including the earlier of December 31, 2014 or the last day of the calendar month immediately preceding the first public announcement of such pending Change of Control, and if such period ends prior to December 31, 2014, the
corresponding PPPI EBITDA shall be annualized (e.g., if the Change of Control is publicly announced in October 2014, then the PPPI EBITDA shall be determined through September 30, 2014, divided by nine (9) and then multiplied by twelve
(12)). In such case, PSI’s determination of PPPI EBITDA and the corresponding number of PSI Shares (to be determined in accordance with the formula set forth in Section 6.6(b)) provided in the notice of Change of Control delivered
pursuant to this Section 6.6(c) shall be subject to the same information delivery obligations and objection and dispute mechanisms set forth in Section 6.6(a), above, provided that for such purposes,
(i) the delivery of the notice of Change of Control delivered pursuant to this Section 6.6(c) shall be deemed to be delivery of the Calculation Statement and (ii) all references to thirty (30) and/or fifteen
(15) calendar day periods shall be deemed to have been replaced with references to five (5) calendar day periods. Immediately prior to such Change of Control, but subject to the closing thereof, PSI shall deliver the number of PSI Shares
as finally determined pursuant to this Section 6.6(c) and Section 6.6(b), above. For the avoidance of doubt, the provisions of this Section 6.6(c) shall only apply in the event that a Change of Control is
consummated prior to the date in which the Seller shall have otherwise been issued PSI Shares in accordance with Section 6.6(a) and Section 6.6(b), above, and the parties acknowledge and agree that compliance with this
Section 6.6(c) shall not supersede or replace the obligations of the parties to continue compliance with Section 6.6(a) (it being 

  
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understood that the procedures set forth in both Section 6.6(a) and Section 6.6(c) shall be complied with simultaneously if the circumstances so arise), and the delivery
of a notice of Change of Control delivered pursuant to this Section 6.6(c) shall not affect the delivery of PSI Shares pursuant to Section 6.6(a) and Section 6.6(b) in any way unless a Change of Control is, in
fact, consummated prior to the date in which the PSI Shares would otherwise be issued to the Seller pursuant to Section 6.6(a) and Section 6.6(b). 

(d) During the period commencing on the date of this Agreement and ending on the earlier of December 31, 2014 and the date
on which a Change of Control closes (such period, the “Measurement Period”), PSI covenants and agrees that it and its Affiliates will (i) use its and their commercially reasonable efforts to maintain the assets and properties
of PPPI in good working order and condition, (ii) operate PPPI in good faith, (iii) not take any action or omit to take any action the purpose of which is avoiding or reducing the amount of the PPPI EBITDA for the Measurement Period
(notwithstanding anything to the contrary contained herein, the covenant set forth in this subsection (iii) shall survive until all PSI Shares to be issued pursuant to Section 6.6 have been issued), (iv) not cause PPPI to shift
any sales of PPPI to PSI or any of its Affiliates, and (vii) maintain PPPI as a separate operating company except to the extent that PPPI may be merged, amalgamated, reorganized or restructured within PSI and its Affiliates in a more tax
efficient way for PSI and its Affiliates as a whole or PSI reasonably considers that the same is necessary to protect its legitimate business interests, provided that in any such event the financial results of PPPI after completion of any such
merger, amalgamation, reorganization or restructuring are separately identifiable for the purposes of determining the PPPI EBITDA and the determination of the PSI Shares issuable hereunder is equitably adjusted to account for such merger,
amalgamation, reorganization or restructuring. If PSI and or PPPI should be in breach of this Section 6.6(d), the Seller and Shareholders shall have the right to claim the amount by which the PSI Shares issuable to them was reduced as a
result of the breach. 
 (e) If, during the Measurement Period, PPPI terminates the employment of either Ken Trent or Carl
Trent without Cause (as defined in the applicable Executive Employment Agreement) such that following such without Cause termination, either Ken Trent or Carl Trent is not employed by PPPI, then, within ten (10) days following such termination,
PSI shall issue to the Seller (or the Shareholders, if designated by the Seller), a number of PSI Shares equal to the product of the Base Shares multiplied by 0.5. Except with the prior written consent of each Shareholder, PSI may not, at any
time during the Measurement Period, (i) consummate the sale of more than fifty percent (50%) of the voting stock of PPPI to one or more Persons other than Affiliates of PSI, or consummate any merger or consolidation of PPPI with any other
Person other than PSI or its Affiliates or (ii) liquidate or dissolve PPPI or consummate the sale of all or substantially all of the assets of PPPI to one or more Persons other than PSI or its Affiliates; provided, that the foregoing
restrictions shall not prohibit, or in any way restrict PSI’s ability to consummate, a Change of Control. 

  
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 (f) PSI covenants that it will at all times reserve and keep available out of the
aggregate of its authorized but unissued and otherwise unreserved common stock, solely for the purposes of enabling it to issue the PSI Shares hereunder, a number of shares of common stock equal to the maximum number of PSI Shares issuable
hereunder. All references to PSI Shares pursuant to this Agreement, including issuance thereof, shall be subject to an equitable adjustment in the event of any stock splits, stock dividends, recapitalizations and any other similar actions affecting
the capital stock of PSI. 
 6.7. Release. Effective as of the Closing, the Seller and each Shareholder, on behalf of itself or
himself, as applicable, and its or his, as applicable, Affiliates (other than PPPI) and, in the case of the Seller, the Seller’s officers, directors, equityholders, managers, shareholders, partners, heirs, beneficiaries, successors and
permitted assigns (the “Releasing Parties”) hereby irrevocably and unconditionally waives, releases and forever discharges PPPI and each of its past and present directors, officers, employees and agents (the “Released
Parties”) from any and all claims, actions, causes of action, suits, debts, damages, liabilities or other obligations of any kind or nature whatsoever, known and unknown, matured or unmatured, existing or claimed to exist, both at law and
in equity (collectively, “Claims”) of any Releasing Party against any Released Party arising on or prior to the Closing Date that arise out of or are related to such Releasing Party’s status as a stockholder, officer or
director of PPPI or any agreement between the Seller or such Shareholder or any of their respective Affiliates, on the one hand, and PPPI, on the other; provided, however, that nothing contained in this Section 6.7 will be interpreted to
release any Released Party from any Claims (a) arising under this Agreement or any Ancillary Agreement, (b) if such Releasing Party was an employee of PPPI or any of its Subsidiaries prior to Closing, relating to compensation and benefits
under any Plan of PPPI or the reimbursement of expenses that are due but unpaid prior to the Closing Date or (c) any right of contribution, indemnification or advancement of expenses under any directors’ and officers’ insurance policy
of PPPI that was in effect immediately prior to the Closing. 
 6.8. Environmental Matters. The Seller and the Shareholders shall
assume full responsibility for addressing and resolving the matters listed on Exhibit 7.1(g) in compliance with all applicable Environmental Laws and in a manner that does not unreasonably interfere with the business and operations of PPPI.
PSI shall provide, or cause PPPI to provide, the Seller, the Shareholders and their consultants with access to the Leased Real Estate for performance of their obligations under this Section 6.8 at reasonable, mutually agreed times. 

6.9. Further Assurances. From time to time, as and when requested by any party, any other party shall execute and deliver, or cause to
be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all such further or other actions as the requesting Party may reasonably deem necessary or desirable to evidence and effectuate the transactions
contemplated by this Agreement and the Ancillary Agreement. Without limitation of the foregoing, the Shareholders shall, and shall cause their Affiliates to, provide such cooperation and assistance as PSI may request, and at PSI’s sole cost and
expense, in connection with the preparation and audit of PSI’s consolidated annual financial statements, the preparation and review of any interim consolidated financial statements, the preparation of any related disclosures, discussion or
analysis, and the preparation and filing or submission of any filings or reports with the SEC. Further, the Shareholders agree to provide to (a) the independent public accounting firm (the “Auditor”) auditing or reviewing
PSI’s financial statements, as and when requested by PSI or the Auditor, letters of representation and any other certifications reasonably requested by PSI and/or the Auditor and (b) the Target Auditor, as and when requested by PSI or the
Target Auditor, letters of representation and any other certifications reasonably requested by PSI and/or the Target Auditor. 

  
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 ARTICLE VII 

Indemnification of PSI Indemnified Parties 

7.1. Indemnification of PSI Indemnified Parties. Subject to the limitations, conditions and restrictions set forth in this Agreement,
the Seller and Shareholders shall indemnify and hold harmless PSI and its Affiliates (including, following the Closing, PPPI) (collectively, the “PSI Indemnified Parties”) from and against any and all Losses of or against the PSI
Indemnified Parties to the extent resulting from or arising out of: 
 (a) any breach of any representation or warranty made
by the Seller, PPPI or the Shareholders in this Agreement or in any Ancillary Agreement delivered hereunder on the part of the Seller, PPPI or the Shareholders; 

(b) any breach or non-fulfillment of any agreement or covenant of the Seller or the Shareholders contained in this Agreement;

 (c) any Pre-Closing Taxes or Taxes relating to the Reorganization; 

(d) any Excluded Liability that is not satisfied in full at the Closing; 

(e) any of the matters set forth on Exhibit 7.1(e); 

(f) the Reorganization and any action taken or omitted to be taken in connection therewith by any of the Shareholders, the
Seller Companies or any of their respective Representatives; or 
 (g) the Excluded Environmental Matters. 

7.2. Procedure Relative to Indemnification. In the event that a PSI Indemnified Party is entitled to be indemnified pursuant to the
terms of this Article VII, such PSI Indemnified Party shall notify the Seller Representative in writing of such claim (a “Claim Notice”) promptly after the PSI Indemnified Party receives notice of any action, Proceeding,
demand, assessment, claim, loss, liability or damages, whether or not involving any claim of a third party, that may reasonably be expected to result in a claim for indemnification by the PSI Indemnified Party against the Seller and Shareholders;
provided, that any failure to give such notification on a timely basis shall not relieve the Seller and Shareholders from their obligation to indemnify any PSI Indemnified Party hereunder except to the extent that such failure to provide such
notification actually prejudices the ability of the Seller Representative to defend against such claim. The Claim Notice shall specify the basis for the indemnification obligation and, to the extent reasonably ascertainable, the Losses incurred by,
or, to the extent ascertainable, anticipated to be incurred by, the PSI Indemnified Party on account thereof. 
 (a) The
following provisions shall apply to claims of the PSI Indemnified Party which are based upon a claim of a third party (a “Third Party Claim”) (including any form of Proceeding filed or instituted by any Governmental Body). 

  
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 (i) The Seller Representative shall have the right, upon receipt of the Claim
Notice and at his expense, to defend such Third Party Claim in his own name (on behalf of the Seller and Shareholders) or, if necessary, in the name of the PSI Indemnified Party, upon delivery to the PSI Indemnified Party, within thirty
(30) days after receipt of the Claim Notice, of (A) an irrevocable acknowledgment and agreement that any Losses resulting therefrom shall, subject to the limitations set forth in this Article VII, be indemnifiable Losses for which
the PSI Indemnified Party is entitled to indemnification under this Article VII and (B) reasonable evidence that the Seller Representative is and will be able to fund the defense of such Third Party Claim; provided,
however, that if the Third Party Claim involves a matter solely of concern to the PSI Indemnified Party in addition to the claim for which indemnification under this Article VII is being sought, such matter of sole concern shall be
within the sole responsibility and expense of the PSI Indemnified Party and its counsel. Notwithstanding the foregoing, the Seller Representative shall not have the right to defend any Third Party Claim if (1) such Third Party Claim involves
criminal liability or any issue relating to Taxes or seeks an injunction or other equitable relief, (2) there are legal defenses available to the PSI Indemnified Party that are different from or in addition to those available to the Seller
Representative or (3) the PSI Indemnified Party has been advised by counsel that an actual or potential conflict of interest exists between the PSI Indemnified Party and the Seller Representative in connection with the defense of such Third
Party Claim. 
 (ii) The PSI Indemnified Party will cooperate with and make available to the Seller Representative such
assistance (including access to employees) and materials as may be reasonably requested of the PSI Indemnified Party, and the PSI Indemnified Party shall have the right, at the PSI Indemnified Party’s expense, to participate in the defense of
any Third Party Claim. The Seller Representative shall have the right to settle and compromise such claim only with the consent of the PSI Indemnified Party (which consent shall not be unreasonably withheld or delayed) unless: (A) such
settlement provides the PSI Indemnified Party with a full and unconditional release from such Third Party Claim; (B) such settlement does not involve any finding or admission of any violation of any Legal Requirements and (C) the sole
relief provided in such settlement is monetary damages that do not exceed an amount equal to (i) Four Million Five Hundred Thousand Dollars ($4,500,000) plus (ii) the Basket Amount (which, for clarity, shall remain the applicable
PSI Indemnified Parties’ responsibility) less (iii) an amount equal to the aggregate amount of all Losses for which a PSI Indemnified Party has submitted a Claim Notice as of the date of such settlement. 

(iii) In the event the Seller Representative notifies the PSI Indemnified Party that the Seller Representative does not wish to
defend the Third Party Claim, then the PSI Indemnified Party shall have the right to conduct a defense against such Third Party Claim and shall have the right to settle and compromise such Third Party Claim only with the consent of the Seller
Representative (which consent shall not be unreasonably withheld, conditioned or delayed). 

  
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 (b) Upon receipt of a Claim Notice that does not involve a Third Party Claim, the
Seller Representative shall have thirty (30) calendar days from the receipt of such Claim Notice to notify the PSI Indemnified Party that the Seller Representative disputes such claim. If the Seller Representative does not timely notify the PSI
Indemnified Party of such dispute, then the amount of such claim shall be deemed, conclusively, a liability of the Seller and Shareholders. If the Seller Representative does timely notify the PSI Indemnified Party of such dispute, then the PSI
Indemnified Party shall have thirty (30) calendar days to respond in a written statement to the objection of the Seller Representative. If, after such thirty (30) calendar day period, there remains a dispute as to any such claim, then the
PSI Indemnified Party and the Seller Representative shall attempt in good faith for a period not to exceed thirty (30) additional calendar days to agree upon the rights of the respective parties with respect to such claim. If the parties should
so agree, then a memorandum setting forth such agreement shall be prepared and signed by PSI and the Seller Representative on behalf of the Seller and Shareholders. If the parties do not agree within such additional thirty (30) calendar day
period, then the PSI Indemnified Party may pursue any and all other remedies available to it hereunder. 
 (c) In the event
that a court, arbitrator or other judicial body of competent jurisdiction finally determines (that is, such final determination is not appealable), or the Seller Representative agrees, that the PSI Indemnified Party is entitled to indemnification
hereunder for such claim at a time prior to the Settlement Date, then, except solely as it relates to the Excluded Items as described in Section 7.3(b), below, and except as set forth in Section 12.3, below, the PSI
Indemnified Parties’ sole and exclusive remedy shall be for PSI to reduce the number of PSI Shares to be issued on the Settlement Date by a number of PSI Shares equal to the amount of the Losses for which the PSI Indemnified Party is entitled
to indemnification hereunder for such claim, whether the same shall be enforced by suit or otherwise, divided by the Base Price; provided, however, that, subject to Section 7.3(b), below, in no event shall the number of PSI
Shares issued on the Settlement Date be reduced by more than 59,194 shares (as equitably adjusted for any stock splits, stock dividends, recapitalizations or other similar transactions occurring after the date hereof). 

(d) In the event that a court, arbitrator or other judicial body of competent jurisdiction finally determines (that is, such
final determination is not appealable), or the Seller Representative agrees, that the PSI Indemnified Party is entitled to indemnification hereunder for such claim at a time on or following the Settlement Date, then the Seller and the Shareholders
shall remit and transfer back to PSI, on behalf of the applicable PSI Indemnified Party, a number of PSI Shares equal to the amount of the Losses for which the PSI Indemnified Party is entitled to indemnification hereunder for such claim, whether
the same be enforced by suit or otherwise, divided by the Base Price; provided, however, that, subject to Section 7.3(b), below, in no event shall the number of PSI Shares required to be transferred to PSI pursuant to this
Section 7.2(d), when combined with any reduction in the number of PSI Shares issued on the Settlement Date pursuant to Section 7.2(c), exceed, in the aggregate, 59,194 shares (as equitably adjusted for any stock splits, stock
dividends, recapitalizations or other similar transactions occurring after the date hereof). 

  
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 (e) To the extent that the aggregate value of the PSI Shares (determined based on
the volume-weighted average trading price for PSI’s common stock used in calculating the number of Base Shares (as equitably adjusted for any stock splits, stock dividends, recapitalizations or other similar transactions occurring after the
date hereof)) owned by the Seller and the Shareholders as of the date that such claim for indemnification is finally determined is less than the amount of Losses for which the PSI Indemnified Party is entitled to indemnification hereunder for such
claim, then, in addition to their obligations under Section 7.2(d), the Seller and the Shareholders shall pay to the applicable PSI Indemnified Party, by wire transfer of immediately available funds, an amount equal to the amount by
which such Losses exceed the aggregate value of the PSI Shares previously transferred to PSI pursuant to this Section 7.2(e), net of any taxes, brokerage fees and other costs and expenses actually incurred by the Seller or the
Shareholders in connection with the sale of the PSI Shares previously owned thereby; provided, however, that, subject to Section 7.3(b), below, in no event shall the Seller and the Shareholders be required to pay in the
aggregate to the PSI Indemnified Parties pursuant to this Section 7.2(e), an amount greater than (i) Four Million Five Hundred Thousand Dollars ($4,500,000) minus (ii) the result of (A) (I) the PSI Shares
withheld from issuance pursuant to Section 7.2(c) plus (II) all PSI Shares previously transferred to PSI pursuant to Section 7.2(d), multiplied by (B) the Base Price. 

(f) In the event it is determined, or the PSI Indemnified Party agrees, that the PSI Indemnified Party is not entitled to
indemnification hereunder for any claim made by a PSI Indemnified Party, the PSI Indemnified Party agrees to pay all costs, expenses and fees, including reasonable attorneys’ fees, which may have been incurred by the Seller Representative in
defending and/or disputing the claim for indemnification by the PSI Indemnified Party under this Article VII. 
 7.3. Limits on
Indemnification. 
 (a) De minimis Amount and Basket Amount. Notwithstanding anything contained in this Agreement
to the contrary, the PSI Indemnified Parties shall not be entitled to indemnification hereunder with respect to any Losses pursuant to Section 7.1, above, unless and until the aggregate amount of Losses from a single claim of
indemnification exceeds Ten Thousand Dollars ($10,000) (the “De minimis Amount”) (it being understood that if a common or related set of occurrences, events or set of facts results in Losses, then such Losses shall be aggregated for
purposes of determining whether the De minimis Amount has been satisfied) and unless and except to the extent that the aggregate Losses from all claims with respect thereto in excess of the De minimis Amount exceed, in the aggregate, Two Hundred
Thirty Thousand Dollars ($230,000) (the “Basket Amount”), and then indemnification hereunder shall be only to the extent such Losses exceed the Basket Amount. The parties agree that the De minimis Amount is to serve as a
“trigger” for indemnification (and not a deductible) and the Basket Amount is to serve as a “deductible”. Notwithstanding the foregoing, the De Minimis Amount and the Basket Amount shall not apply to limit the indemnification to
which the PSI Indemnified Parties may be entitled for Losses to the extent that such Losses arise out of or relate to (i) any misrepresentation or breach of any Fundamental Representation, (ii) any misrepresentation or breach of the
representations and warranties set forth in 

  
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Section 3.14 (Taxes), (iii) any breach of a covenant or agreement made or to be performed by the Seller or Shareholders pursuant to this Agreement, (iv) any claim based upon
fraud, (v) any Pre-Closing Taxes or Taxes relating to the Reorganization or any Excluded Liability that is not satisfied in full at the Closing, (vi) any of the matters set forth on Exhibit 7.1(e), (vii) any Excluded
Environmental Matters (the matters referred to in clauses (i) through (vii), collectively, the “Excluded Items”) or (viii) the Reorganization. 

(b) Sole Recourse; Maximum Amount of Indemnification. The PSI Indemnified Parties’ sole and exclusive source of
recovery against the Seller and Shareholders for indemnification pursuant to Section 7.1 shall, except as set forth in Section 7.2(e), be against the PSI Shares issued (or to be issued, as the case may be) to the Seller (or
the Shareholders, if designated by the Seller) pursuant to Section 6.6, and in no event shall the Seller and Shareholders’ obligation to provide indemnification for Losses under Section 7.1 above exceed, in the
aggregate, Four Million Five Hundred Thousand Dollars ($4,500,000); provided, however, that the foregoing limitations shall not apply to Losses incurred by a PSI Indemnified Party to the extent that such Losses arise out of or relate
to an Excluded Item. To the extent that a PSI Indemnified Party suffers a Loss arising out of or relating to an Excluded Item, such PSI Indemnified Party may seek recovery with respect to such Losses directly from the Seller and/or the Shareholders
and, to the extent that such PSI Indemnified Party seeks recovery directly from the Seller and/or the Shareholders, the Shareholders shall provide indemnification with respect to such Losses on a joint and several basis; provided, that in no
event shall the aggregate liability of the Seller and the Shareholders exceed the Purchase Price. 
 (c) Survival.
Each of the warranties and representations of the Seller and Shareholders contained in this Agreement and in the Ancillary Agreements shall survive the Closing until the fifteen (15) month anniversary of the Closing Date (regardless of any
applicable period of limitation under federal and state Legal Requirements applicable thereto); provided, however, that (i) the Fundamental Representations shall survive indefinitely, (ii) the warranties and representations
contained in Section 3.14 (Taxes) and Section 3.17 (Benefit Plans) shall survive for the period of any applicable statute of limitations (including any extension thereof) plus ninety (90) days thereafter and
(iii) the warranties and representations contained in Section 3.19 (Compliance with Environmental Laws) shall survive until the third anniversary of the date of this Agreement. All of the covenants of the Shareholders contained in
this Agreement or in any Ancillary Agreement shall survive after the Closing in accordance with their terms. Any claim for indemnification under this Article VII that is made in writing prior to the expiration of the applicable survival
period, and the rights of indemnity with respect thereto, shall survive such expiration until resolved or judicially determined and any claim for indemnification not submitted in writing to the Seller Representative prior to the expiration of the
applicable survival period shall be deemed to have been waived and shall be absolutely and forever barred and unenforceable, null and void, and of no force or effect whatsoever, and no PSI Indemnified Party shall be entitled to indemnification
hereunder with respect thereto. 

  
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 (d) Losses Net of Insurance and Tax Benefits. The amount of any Losses
payable by the Seller and/or Shareholders under this Article VII shall be net of (i) any amounts actually received by the PSI Indemnified Party with any party other than the Seller and/or the Shareholders with respect to such Losses,
whether insurance proceeds or otherwise (net of any deductible amounts, costs of collection and increases in premiums resulting therefrom) and (ii) any Tax benefit realized by the PSI Indemnified Party in the year of the Loss or the two
(2) succeeding calendar years as a result of the incurrence or payment of such Loss by the PSI Indemnified Party (net of any Tax detriments to the PSI Indemnified Party in the year of the Loss or the two (2) succeeding calendar years and
all out-of-pocket costs incurred by the PSI Indemnified Party arising out of the receipt of the payment for the Losses). 

(e) Mitigation. Each PSI Indemnified Party shall take, and cause its Affiliates to take, all reasonable actions to
mitigate any Loss upon becoming aware of any event or circumstance that would be reasonably expected to, or does, give rise thereto; provided, that (i) any failure by a PSI Indemnified Party or any Affiliate of such PSI Indemnified Party
to take any such actions shall not constitute a defense to, or in any way relieve the Seller or Shareholders of, the Seller and Shareholders’ obligations to indemnify the PSI Indemnified Party pursuant to this Agreement and (ii) in no
event shall a PSI Indemnified Party be required to commence an action against any customer or supplier of PPPI in connection with the fulfillment of its obligations under this Section 7.3(e). 

(f) Materiality Qualifiers. For purposes of determining whether there has been any misrepresentation or breach of a
representation or warranty, the terms “material,” “materiality,” “Material Adverse Effect,” “in all material respects” or any similar qualification, term or phrase shall be given effect. For purposes of
determining the amount of any Losses arising from a breach of any representation or warranty for which a PSI Indemnified Party is entitled to indemnification under Section 7.1, the terms “material,” “materiality,”
“Material Adverse Effect,” “in all material respects” or any similar qualification, term or phrase shall be disregarded; provided however, that this sentence shall not apply to (i) the use of the defined term
“Material Contract”, (ii) Section 3.12, (iii) the reference to Material Adverse Effect in the first sentence of Section 3.18, (iv) the definition of “Material Adverse Effect” and
(v) Section 3.27. 
 (g) Taxes. Notwithstanding anything contained in this Agreement to the contrary,
the PSI Indemnified Parties shall not have any right to indemnification with respect to, or based on, Taxes to the extent such Taxes (i) are attributable to a Tax period (or portion thereof) beginning after the Closing Date; (ii) are due
to the unavailability in any Tax period (or portion thereof) beginning after the Closing Date of any Tax attribute from a Pre-Closing Tax Period; or (iii) result from transactions or actions taken by PSI or its Affiliates (including PPPI
following the Closing) after the Closing that are not contemplated by this Agreement. 
 (h) Environmental
Limitations. The PSI Indemnified Parties shall not be entitled to indemnification otherwise available under Section 7.1 with respect to any Losses to the extent such Losses arise as a result of or in connection with any post-Closing
disclosure or reporting to any Governmental Body or other third party unless such disclosure or reporting is required by Environmental Law (including, as necessary, to obtain Permits required by Environmental Law), or required by binding Order
issued by any Governmental Body or as may otherwise be agreed in writing by Seller Representative. 

  
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 7.4. Sole Remedy . Other than the right to specific performance set forth in
Section 12.3, below, the sole remedy of the PSI Indemnified Parties for any and all claims with respect to the transactions contemplated by this Agreement and the Ancillary Agreements shall be the indemnity set forth in
Section 7.1 (pursuant to the provisions and subject to the limitations set forth in this Article VII) and the PSI Indemnified Parties will not have any other entitlement, remedy or recourse, whether in contract, tort or otherwise,
against the Seller, any Shareholder, any Affiliate of the Seller or any Shareholder or any other Person, including any Representative of the Seller, PPPI or any Shareholder with respect to the transactions contemplated by this Agreement and the
Ancillary Agreements, all of such remedies, entitlements and recourse being expressly waived by PSI to the fullest extent permitted by Legal Requirements. 

7.5. No Duplication of Recovery. The PSI Indemnified Parties shall not be entitled to be compensated pursuant to this Article VII more
than once for the same Loss(es). The PSI Indemnified Parties shall not be entitled to indemnification pursuant to this Article VII for Losses to the extent that PSI has received recovery for such item as a result of a Purchase Price Adjustment or to
the extent PSI has received a credit for a reserve or otherwise for such item in the preparation of the Final Working Capital Statement. 

ARTICLE VIII 

Indemnification of the Shareholders 

8.1. Indemnification of the Seller and Shareholders. PSI will indemnify the Seller and Shareholders, and each of their respective
successors and assigns (collectively, the “Seller Indemnified Parties”) and hold each of them harmless from and against any and all Losses of or against the Seller Indemnified Parties to the extent resulting from or arising out of:

 (a) any breach of any representation or warranty made by PSI in this Agreement or in any Ancillary Agreement delivered
hereunder on the part of PSI; or 
 (b) any breach or non-fulfillment of any agreement or covenant of PSI contained in this
Agreement or in any Ancillary Agreement to be performed by PSI. 
 8.2. Procedure Relative to Indemnification. 

(a) In the event that a Seller Indemnified Party claims that he is entitled to be indemnified pursuant to the terms of this
Article VIII, the Seller Indemnified Party shall promptly notify PSI in writing of such claim (a “Seller Notice”) promptly after the Seller Indemnified Party discovers that it may reasonably be expected to be entitled to
indemnification by PSI hereunder. The Seller Notice shall specify the basis for the indemnification obligation and, to the extent reasonably ascertainable, the Losses incurred by, or anticipated to be incurred by, the Seller Indemnified Party on
account thereof. 

  
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 (b) Upon receipt of a Seller Notice, PSI shall have thirty (30) calendar
days from the receipt of such Seller Notice to notify the Seller Indemnified Party that PSI disputes such claim. If PSI does not timely notify the Seller Indemnified Party of such dispute, then the amount of such claim shall be deemed, conclusively,
a liability of PSI hereunder. If PSI does timely notify the Seller Indemnified Party of such dispute, then the Seller Indemnified Party shall have thirty (30) calendar days to respond in a written statement to the objection of PSI. If after
such thirty (30) calendar day period there remains a dispute as to any such claim, then the Seller Indemnified Party and PSI shall attempt in good faith for a period not to exceed thirty (30) additional calendar days to agree upon the
rights of the respective parties with respect to such claim. If the parties should so agree, a memorandum setting forth such agreement shall be prepared and signed by PSI and the Seller Representative. If the parties do not agree within such
additional thirty (30) calendar day period, then the Seller Indemnified Party may pursue any and all other remedies available to it hereunder. 

8.3. Survival. All of the representations, warranties and covenants of PSI contained in this Agreement or in any Ancillary Agreement
shall survive the Closing in accordance with their terms. Any claim for indemnification under this Article VIII which is made in writing and the rights of indemnity with respect thereto, shall survive until resolved or judicially determined. 

ARTICLE IX 
 Tax
Matters 
 9.1. Income Tax Returns. 

(a) PSI shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Seller and PPPI for all
periods ending on or prior to the Closing Date (“Pre-Closing Tax Periods”) and for periods that begin before the Closing Date and end after the Closing Date (the “Straddle Tax Period”) that are filed after the
Closing Date. Seller’s state and federal Tax Returns for the tax year including the Closing Date shall reflect a deduction for the Transaction Deductions, to the extent permitted by applicable Legal Requirements. At least thirty (30) days
prior to the date on which any income Tax Return relating to a Pre-Closing Tax Period or Straddle Tax Period is required to be filed (taking into account any valid extensions), PSI shall submit such Tax Returns to Seller Representative for review
and comment. PSI shall modify all such federal and state income Tax Returns to incorporate any reasonable comments made by Seller Representative to PSI within twenty five (25) days of receipt of such Tax Returns to the extent that such
comments, if so incorporated, would not result in such Tax Returns violating any applicable Legal Requirements. To the extent permitted by applicable law, the Shareholders shall include any income, gain, loss, deduction or other tax items for such
periods on their Tax Returns in a manner consistent with the Schedule K-1s prepared by PSI for such periods. To the extent that the Seller or PPPI has any Tax liability on a Pre-Closing Tax Period, or on the portion of the Straddle Tax Period that
relates to Pre-Closing Tax Periods (as determined in Section 9.1(b) below, (together, the “Pre-Closing Taxes”) (to the extent such Taxes are not reflected in the Final Working Capital Statement), then the Shareholders
shall remit any such Tax due to PSI or PPPI no later than five (5) Business Days prior to the due date of such Tax Returns. 

  
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 (b) For purposes hereof, with respect to a Straddle Tax Period, the portion of
Tax attributable to the portion of the taxable period ending on or prior to the Closing Date for which the Shareholders are responsible hereunder (to the extent such Taxes are not reflected in the Final Working Capital Statement) shall (i) in
the case of any Taxes (other than Taxes based upon or related to income, sales, gross receipt, wages, capital expenditures or expenses) be deemed to be the amount of such Tax for the entire Taxable period multiplied by a fraction, the numerator of
which is the number of days in the Taxable period occurring on or prior to the Closing Date and the denominator of which is the entire number of days in the Taxable period and (ii) in the case of any Tax based upon or related to income, sales,
gross receipts, wages, capital expenditures or expenses, be deemed equal to the amount which would be payable if the relevant Tax period ended on the Closing Date. 

9.2. Certain Taxes. All transfer, documentary, sales, use, stamp, registration and similar Taxes and fees (including any penalties and
interest) attributable to the sale of the PPPI Stock to PSI pursuant to this Agreement and the Ancillary Agreements shall be paid one-half by PSI and one-half by the Shareholders when due, and the party required by applicable law shall file all
necessary Tax Returns and other documentation with respect to all such transfer, documentary, sales, use, stamp, registration and other Taxes and fees, and, if required by applicable Legal Requirements, the other parties shall, and shall cause their
affiliates to, join in the execution of any such Tax Returns and other documentation. The expense of such filings shall be paid one-half by PSI and one-half by the Shareholders. 

9.3. Tax Proceedings. In the event that PSI, the Seller, PPPI or the Shareholders receive any oral or written communication regarding
any pending or threatened examination, claim, adjustment or other Proceeding with respect to the liability of PPPI for Taxes for which any PSI Indemnified Party can make an indemnification claim under this Agreement (a “Tax Claim”),
PSI or the Seller Representative, as the case may be, will, within ten (10) days, notify the Seller Representative or PSI, as the case may be, in writing thereof. PSI shall control any Tax Claim, but if the Seller or Shareholders could be
liable under this Agreement for such Taxes, then the Seller Representative will be entitled, at his sole expense, to participate in such Tax Claim upon written notice to PSI. PSI will keep the Seller Representative fully and timely informed
with respect to the commencement, status and nature of any Tax Claim, and PSI may not settle any such claim without the written consent of the Seller Representative, which shall not be unreasonably withheld, delayed or conditioned. The Seller
Representative, Shareholders and the Seller shall cooperate fully with PSI in handling any such Tax Claim. The Shareholders or the Seller Representative will provide, or cause to be provided, to PSI or its designee all necessary authorizations,
including powers of attorney, to control any Tax Claim that PSI is entitled to control in connection with this Section 9.3. 

9.4. Tax Refunds. PSI shall be entitled to any Tax refunds of PPPI or the Seller to the extent that such Tax refunds relate to
Pre-Closing Taxes of PPPI or the Seller. 
 9.5. Amendment of Tax Returns. Without Seller Representative’s written consent (which
consent may be withheld in Seller Representative’s sole discretion) and except to the extent required by any Governmental Body or in connection with the resolution of any Tax Claim, PSI shall not, and shall not permit any of its Affiliates
(including, after the Closing for the 

  
 44 

 
avoidance of doubt, PPPI) to (i) file, re-file, supplement, or amend any Tax Return of PPPI or its Subsidiaries for any Pre-Closing Tax Period, (ii) voluntarily approach any Taxing
authority regarding any Taxes or Tax Returns of PPPI or its Subsidiaries that were originally due on or before the Closing Date, or (iii) take any action relating to Taxes or that could create a Tax liability on the Closing Date that is outside
of the ordinary course of business consistent with past practices. 
 9.6. Mitigation of Taxes. PSI and the Shareholders further
agree, upon request, to use their reasonable best efforts to obtain any certificate or other document from any Governmental Body or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed (including with
respect to the transactions contemplated hereby). 
 9.7. Adjustment to Purchase Price. Each party shall, including retroactively,
treat indemnification payments pursuant to this Agreement as adjustments to the final Purchase Price for Tax purposes. 
 9.8. Income Tax
Treatment. The purchase of 100% of the PPPI Stock shall be treated by all parties as a purchase of the assets of PPPI for income Tax purposes, and none of the parties shall make any income Tax election or take a position in any income Tax Return
which is contrary to the intent expressed in the foregoing sentence. The parties shall each file all required federal, state and local income Tax Returns and related returns and reports in a manner consistent with the provisions of this
Section 9.8 and shall maintain such reporting position unless there is a final determination within the meaning of Code § 1313. To the extent that, upon an audit by the Internal Revenue Service or any other taxing authority,
the parties’ income tax reporting treating the sale of PPPI Stock as a purchase of the assets of PPPI is challenged by such taxing authority, PSI shall have the right, in its reasonable discretion and sole expense, to handle any such audit.

 9.9. Tax Gross-Up. PSI shall pay to the Seller (or the Shareholders, if designated by the Seller), within thirty (30) days
following the Closing, as an increase to the Purchase Price, in cash, the amount necessary to cause the net after-Tax net proceeds to the Seller and Shareholders from the sale of the PPPI Stock to be equal to the after-Tax net proceeds that the
Seller and Shareholders would have received had the Reorganization not taken place and the Shareholders sold the PPPI Stock and a Section 338(h)(10) Election not been made, taking into account all federal and state Taxes, and assuming that the
Shareholders are in the highest Tax brackets that could be applicable to any individual without regard to other items of income, gain, deduction, loss or credit. 

9.10. Purchase Price Allocation. The Purchase Price (and all other items of consideration for federal income Tax purposes, including any
adjustments thereto) shall be allocated for all purposes among the assets of PPPI deemed purchased pursuant to Section 9.8 in accordance with Exhibit 9.10. PSI shall prepare and provide to the Seller Representative
(a) an initial allocation of the Purchase Price (and all other items of consideration for federal income Tax purposes) no later than seventy-five (75) days following the final determination of Purchase Price pursuant to
Section 2.5 and (b) a revised allocation of the Purchase Price (and all other items of consideration for federal income Tax purposes) as the result of any adjustment to the Purchase Price (or any other item of consideration for
federal income Tax purposes) no later than forty-five (45) days following such adjustment. The parties hereto (x) agree to be bound, and to 

  
 45 

 
cause their respective Affiliates to be bound, by such allocation (including any adjustment thereto pursuant to this Section 9.10), (y) shall act, and cause their respective
Affiliates to act, in accordance with such allocation (including any adjustment thereto pursuant to this Section 9.10) in the preparation, filing and audit of any Tax Return and for all other tax and accounting purposes and
(z) shall not take any position or action inconsistent with such allocation (including any adjustment thereto pursuant to this Section 9.10). 

ARTICLE X 

Definitions 

“Accounting Principles” has the meaning set forth in Section 2.4, above. 

“Affiliate” means, with respect to any Person, another Person controlled by, under the control of or under common
control with, that Person. 
 “Agreement” means this Stock Purchase Agreement (including the Disclosure Schedule),
as the same may be amended or modified from time to time. 
 “Ancillary Agreements” means, with respect to any
party, the agreements, documents and instruments to be executed and delivered by such party pursuant to this Agreement. 

“Anti-corruption Laws” means laws relating to anti-bribery or anti-corruption (governmental or commercial) which apply
to PPPI or any Subsidiary (including any joint venture), including laws that prohibit the corrupt payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to
any foreign Government Official, foreign government employee or commercial entity to obtain a business advantage, including the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010 and all national and international laws enacted to
implement the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions. 

“Auditor” has the meaning set forth in Section 6.9. 

“Balance Sheet Date” means December 31, 2013. 

“Base Price” means $76.02 per share, subject to appropriate adjustment for stock splits, stock dividends,
recapitalizations or other similar transactions occurring after the date hereof. 
 “Base Shares” means 131,544
shares of PSI common stock. 
 “Basket Amount” has the meaning set forth in Section 7.3(a), above. 

“Benefit Arrangement” means any plan, policy, program, arrangement or agreement (whether written or unwritten) which
currently provides employee benefits or benefits to any current or former employee, dependent, beneficiary, director, independent contractor or like person (other than a Pension Plan or Welfare Plan) including, but not limited to, any severance
agreement or plan, personnel policy, material fringe benefit plan or program, bonus or incentive plan, stock option, restricted stock, stock bonus or deferred bonus plan, salary reduction, change-of-control or employment agreement (or consulting
agreement with a former employee), deferred compensation or supplemental executive compensation plans that PPPI has sponsored or maintained, or to which PPPI currently makes contributions or has any obligation to contribute for the benefit of any
employee or terminated employee of PPPI. 

  
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 “Business” has the meaning set forth in the Recitals, above.

 “Business Day” means a day other than a Saturday, Sunday or other day on which commercial banks located
in Milwaukee, Wisconsin are authorized or required by law to close. 
 “Calculation Statement” has the
meaning set forth in Section 6.6(a), above. 
 “Cash” means, with respect to PPPI, as of any date and
time, the amount of cash and bank deposits as reflected in PPPI’s bank and money market account statements as of such date and time and shall include money market funds, money market instruments and any demand deposits and less the amounts of
any unpaid checks, drafts and wire transfers issued on such date, calculated in accordance with GAAP applied on a basis consistent with the preparation of the Financial Statements. For the avoidance of doubt, Cash shall (i) be calculated net of
issued but uncleared checks and drafts, (ii) include checks and drafts deposited for the accounts of PPPI, and (iii) be calculated net of overdrawn accounts. 

“Cash Payment” has the meaning set forth in Section 2.5(b), above. 

“Change of Control” means the sale of all or substantially all of the assets of PSI, or a merger, consolidation, sale
of stock or similar transaction or series of related transactions whereby a third party acquires beneficial ownership, directly or indirectly, of securities of PSI representing over fifty percent (50%) of the combined voting power of PSI. 

“Claim Notice” has the meaning set forth in Section 7.2, above. 

“Claims” has the meaning set forth in Section 6.7, above. 

“Closing” has the meaning set forth in Section 2.1, above. 

“Closing Date” has the meaning set forth in Section 2.1, above. 

“Closing Date Cash” means Cash as of the Closing Date immediately prior to the Closing, as set forth in the Statements
and as further adjusted pursuant to Section 2.5, above, and, for the avoidance of doubt, excludes any Cash transferred to the Shareholders prior to or at Closing. 

“COBRA” has the meaning set forth in Section 3.17(h) above. 

“Code” means the Internal Revenue Code of 1986, as amended, or any successor law. 

“Contract” means any agreement, contract, obligation or undertaking that is legally binding. 

“Counsel” has the meaning set forth in Section 12.11, below. 

  
 47 

 “Current Assets” means those items specifically represented as such in
the individual ledger accounts set forth in Exhibit 2.4 as determined in accordance with GAAP, applied in a manner consistent with and using the Accounting Principles. 

“Current Liabilities” means those items specifically represented as such in the individual ledger accounts set forth
in Exhibit 2.4 as determined in accordance with GAAP, applied in a manner consistent with and using the Accounting Principles. 

“Customer Deposits” means any cash received by PPPI at any time prior to the Closing in excess of work in process
costs for products or services to be delivered after Closing. 
 “De minimis Amount” has the meaning set forth in
Section 7.3(a), above. 
 “Disclosure Schedule” means the schedules delivered by the
Seller and the Shareholders in connection with the execution and delivery of this Agreement and collectively labeled the “Disclosure Schedule” as more fully described in Section 5.1, above. 

“EBITDA” means, with respect to PPPI and for a given period: 

 

	 	(a)	PPPI’s consolidated net income for the applicable period, determined in accordance with GAAP, 

  

	 	(b)	adjusted to add thereto (to the extent included in the determination of consolidated net income), without duplication, the sum of the following: 

(i) consolidated income tax expense; 

(ii) extraordinary expenses, less extraordinary income; 

(iii) consolidated depreciation and amortization expense; 

(iv) consolidated interest expense, less any non-cash interest income; 

(v) any cost or expense associated with the consummation of the transactions contemplated by this Agreement or the Ancillary
Agreements; and 
 (vi) any corporate charges by PSI expensed by PPPI, including but not limited to general corporate
overhead (other than charges allocated to PPPI in the ordinary course of business). 
 “Employment Agreements” means
those certain Executive Employment Agreements or Employment Agreements, as the case may be, to be entered into at the Closing by and between PPPI and each of the Executives. 

“Environmental Claim” means any investigation, notice, notice of violation, demand, allegation, action, suit,
injunction, order, consent decree, penalty, fine, lien, proceeding or claim (whether administrative, judicial or private in nature) arising (i) pursuant to, or in connection with, an actual or alleged violation of any Environmental Law;
(ii) in connection with any 

  
 48 

 
Hazardous Substances; (iii) from any abatement, removal, remedial, corrective or other response action in connection with Hazardous Substances, Environmental Law or other order of a
Governmental Body; or (iv) from any damage, injury or harm to health, safety, natural resources, wildlife or the environment. 

“Environmental Law” means any Legal Requirement pertaining to (i) human health, natural resources, wildlife or
the environment, or (ii) the management, manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, release, threatened release, abatement, removal, remediation or handling of, or exposure to, any
petroleum products or Hazardous Substances. 
 “ERISA” means the Employee Retirement Income Security
Act of 1974, as amended, or any successor law, and the rules and regulations promulgated thereunder. 
 “ERISA
Affiliate” means any trade or business (whether or not incorporated) and any predecessor of any such trade or business who, together with PPPI, is treated as a single employer for purposes of Subsections (b), (c),
(m) or (o) of Section 414 of the Code. 
 “Escrow Agreement” has the meaning set forth
in Section 2.5(e), above.  
 “Estimated Pricing Statement” has the meaning set forth in
Section 2.5(a), above. 
 “Estimated Purchase Price” has the meaning set forth in
Section 2.5(a), above. 
 “Estimated SBA Payoff Amount” has the meaning set forth in
Section 2.5(e), above.  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 “Excluded Assets” means Cash of PPPI which will be transferred to the Seller or the Shareholders on or
prior to the Closing Date. 
 “Excluded Environmental Matters” means those matters identified on
Exhibit 7.1(g). 
 “Excluded Items” has the meaning set forth in Section 7.3(a),
above. 
 “Excluded Liabilities” means (i) any and all outstanding Indebtedness of PPPI (if any) existing
immediately prior to the Closing, and (ii) any and all outstanding Transaction Expenses.  

“Executives” means each of Carl L. Trent, Kenneth C. Trent, Steve Krol and Dan White. 

“Facility Lease” means that certain Amended and Restated Lease, dated as of the date of this Agreement, by and between
PPPI and Landlord. 
 “Final Excluded Liabilities Statement” has the meaning set forth in
Section 2.6(a), above. 
 “Final Working Capital Statement” has the meaning set forth in
Section 2.6(a), above. 

  
 49 

 “Financial Statements” means the audited, consolidated balance sheets and
statements of income and cash flows of PPPI and its Subsidiaries and variable interest entities as of, and for the fiscal years ended, December 31, 2013 and December 31, 2012. 

“Forward Looking Statements” has the meaning set forth in Section 4.4, above. 

“Fundamental Representations” means the representations and warranties contained in Section 3.1
(Authority), Section 3.4 (Organizational Matters), Section 3.5 (Documentation), Section 3.6 (Capitalization) and Section 3.28 (Brokers; Agents). 

“GAAP” means United States generally accepted accounting principles as in effect from time to time, consistently
applied. 
 “Government Official” means (i) any official, officer, employee or representative of,
or any Person acting in an official capacity for or on behalf of, any Governmental Body or (ii) any political party or party official or candidate for political office. 

“Governmental Authorization” means any approval, consent, license, permit, waiver or other authorization issued,
granted, given or otherwise made available by or under the authority of any Governmental Body or pursuant to any Legal Requirement. 

“Governmental Body” means any (i) nation, state, county, city, town, village, district or other jurisdiction of
any nature; (ii) federal, state, local, municipal, foreign or other government; (iii) governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official or entity and any court or
other tribunal); or (iv) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power of any nature. 

“Guarantee” means, with respect to any Person, (i) any guarantee of the payment or performance of, or any
contingent obligation in respect of, any Indebtedness or other obligation of any other Person (except for endorsement of drafts for deposit and collection in the ordinary course of business), or (ii) any other arrangement whereby credit is
extended to any other Person on the basis of any promise or undertaking of such Person (A) to pay the Indebtedness of such other Person, (B) to purchase or lease assets under circumstances that would enable such other Person to discharge
one or more of its obligations, or (C) to maintain the capital, working capital, solvency or general financial condition of such other Person. 

“Hazardous Substances” means, and shall include, any substance, chemical, compound, product, solid, gas, liquid,
waste, byproduct, material, pollutant or contaminant which is hazardous, toxic or otherwise harmful to health, safety, natural resources, wildlife or the environment, including asbestos, PCB’s, radon and urea formaldehyde foam, petroleum and
petroleum products. 
 “Indebtedness” of any Person means any indebtedness or liability of such Person
(without duplication) (i) for borrowed money (excluding, for the avoidance of doubt, accounts payable incurred in the ordinary course of business), (ii) under any reimbursement obligation relating to a letter of credit, banker’s
acceptance or note purchase facility, (iii) evidenced by a bond, note, debenture or similar instrument (including a purchase money obligation), (iv) the 

  
 50 

 
capitalized amount (as determined in accordance with GAAP) of all obligations to pay rent or other amounts under any lease of real property or personal property, which obligations are required to
be classified and accounted for as capital leases in accordance with GAAP, (v) issued or assumed as the deferred purchase price of any property, asset or service, (vi) in respect of interest under any interest rate, currency, swap, hedge
or other derivative agreement, (vii) under any sale and leaseback transaction, synthetic lease or other off-balance sheet loan or financing where the transaction is considered indebtedness for borrowed money for federal income Tax purposes but
is classified as an operating lease in accordance with GAAP for financial reporting purposes, (viii) of the types referred to in the preceding clauses (i) through (v) of any other Person secured by any Lien on any asset of PPPI, even
though PPPI has not assumed or otherwise become liable for the payment thereof, (ix) in respect of interest, premiums, penalties, fees or other charges in respect of any indebtedness described in the foregoing clauses (i) through (viii),
(x) all indebtedness referred to in the foregoing clauses (i) through (ix) that constitute a Guarantee by such Person, and (xi) any deferred revenue, as determined in accordance with GAAP, attributable to Customer Deposits. 

“Independent Accounting Firm” has the meaning set forth in Section 2.6(a), above. 

“Initial Cash Amount” has the meaning set forth in Section 2.3, above. 

“In-Licenses” means all licenses or other Contracts, franchises and/or permits under which PPPI is authorized, granted
or otherwise has the rights to use, modify, create derivative works based on, distribute, sell, resell, license or sublicense any Intellectual Property owned by third parties. 

“Insurance Policies” has the meaning set forth in Section 3.20, above. 

“Intellectual Property” means collectively, (i) all inventions (whether patentable or unpatentable and whether or
not reduced to practice), all improvements thereto, and all foreign or domestic design patents, utility patents and pending applications therefor and all renewals, reissues, reexaminations, divisionals, continuations, continuations in part and
extensions thereof; (ii) all trademarks, service marks, trade names, trade dress, logos, assumed names and all internet domain name registrations, together with the goodwill associated with any of the foregoing, and all applications,
registrations and renewals in connection therewith; (iii) all published and unpublished works of authorship, copyrights (registered or unregistered), databases, websites (including any and all content thereon), computer source code, executable
code, programs and other software (including all machine readable code, printed listings of code, documentation and related property and information, whether embodied in software, firmware or otherwise) and all applications, registrations and
renewals in connection therewith (if any); (iv) all information that would constitute a trade secret under the Uniform Trade Secrets Act, know how, inventions and other confidential and proprietary technical, business and other information,
including production processes and techniques, research and development information, technology, drawings, schematics, specifications, designs, plans, proposals, technical data, copyrightable technical data, financial data, marketing data and
business data and customer and supplier lists and information, and (v) all proprietary rights relating to any of the foregoing. 

“IRS” means the United States Internal Revenue Service. 

  
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 “Knowledge of PPPI” or “PPPI’s Knowledge”
(or any similar qualification) means (i) the actual, personal knowledge of any of the Executives or Sheila Moran and (ii) the knowledge that any such individuals (A) would have obtained in the normal and ordinary course of the
performance of their duties and (B) would reasonably be expected to have after reasonable inquiry of the Persons reporting directly to them. 

“Landlord” means 448 W. Madison LLC, a Wisconsin limited liability company. 

“Latest Balance Sheet” means the balance sheet of PPPI dated December 31, 2013. 

“Leased Real Estate” means property leased, used or occupied by PPPI pursuant to a Real Property Lease.

 “Legal Requirement” means any applicable federal, state, local, municipal, foreign, international,
multinational or other administrative order, constitution, law, ordinance, principle of common law, regulation, statute, treaty, executive order, ruling, court order or other applicable order from a Governmental Body. 

“Lien” means any mortgage, pledge, security interest, encumbrance, title defect, title retention agreement, voting
trust agreement, lien, charge or similar restriction or limitation, including a restriction on the right to vote, sell or otherwise dispose of any capital stock (other than restrictions on transfers imposed by federal or state securities
laws). 
 “Losses” means all out-of-pocket damages, losses, deficiencies, liabilities, claims,
actions, demands, judgments, fines, fees, costs and expenses (including reasonable attorneys’ and accountants’ fees only with respect to fees incurred in connection with a Third Party Claim), but excluding punitive, speculative, lost
profit, diminution in value, consequential or special damages of any nature. 
 “Material Adverse
Effect” means a violation, inaccuracy, breach, default, failure to comply, change in circumstance, event, occurrence, state of facts, loss, effect, fact, agreement, arrangement, commitment, understanding, obligation or development
which, as a result of the occurrence or existence thereof, has had a material adverse effect on the business, operations, properties, condition (financial or otherwise), assets, results of operations or liabilities of PPPI taken as a whole or that
has a material, adverse effect on the ability of PPPI to perform its obligations under this Agreement or any Ancillary Agreement or to consummate the transactions contemplated herein. However, a Material Adverse Effect, when used with respect to
PPPI, does not include a material adverse effect or impact on the business, operations, properties, financial condition, assets or results of operations of PPPI that is caused by (i) one or more downturns in the economy, the securities markets,
the financing markets or the credit markets in general which does not disproportionately affect PPPI relative to other industry participants, (ii) one or more downturns in the industries in which PPPI operates which does not disproportionately
affect PPPI relative to other industry participants, (iii) geopolitical conditions, acts of war, armed hostilities, sabotage or terrorism, or any escalation or worsening of any such conditions, acts of war, armed hostilities, sabotage or
terrorism threatened or underway as of the date of this Agreement, (iv) changes in applicable Legal Requirements, rules or regulations or any interpretation of the foregoing which does not disproportionately affect PPPI relative to other
industry participants, (v) changes in GAAP or (vi) the effect of any action or any failure to act taken by PSI contemplated by this Agreement. 

  
 52 

 “Material Contract” has the meaning set forth in Section
3.15(a). 
 “Measurement Period” has the meaning set forth in Section 6.6(d),
above. 
 “Multiple” has the meaning set forth in Section 6.6(b), above. 

“Order” means any award, decision, injunction, judgment, order, ruling, subpoena, verdict, settlement agreement,
consent agreement, memorandum of understanding or disciplinary agreement entered, issued, made or rendered by any court, administrative agency or other Governmental Body or by any arbitrator. 

“Organizational Documents” means, with respect to any entity, the certificate of incorporation, articles of
incorporation, by-laws, articles of organization, certificate of formation, partnership agreement, limited liability company agreement, formation agreement and other similar organizational documents of such entity (in each case, as amended through
the date of this Agreement). 
 “Out-Licenses” means all licenses or other Contracts, franchises
and/or permits under which PPPI authorizes, grants or otherwise provides any third party the rights to use, modify, create derivative works based on, distribute, sell, resell, license or sublicense any Owned Intellectual Property. 

“Owned Intellectual Property” means all Intellectual Property owned by PPPI. 

“Paid Liabilities” has the meaning set forth in Section 2.7, above. 

“Pension Plan” means any “employee pension benefit plan” (as defined in ERISA Section 3(2)) (whether
written or unwritten) that PPPI currently sponsors or maintains, or to which PPPI makes contributions or has any obligation to contribute for the benefit of any employee or terminated employee of PPPI. In addition, the term “Pension Plan”
includes any “employee pension benefit plan” (as defined in ERISA Section 3(2)) that PPPI may have liability to as an ERISA Affiliate under Title IV of ERISA. 

“Permitted Liens” means (i) liens for Taxes, assessments or other governmental charges not yet due and payable,
(ii) mechanics’, workmen’s, repairmen’s, warehousemen’s, carriers’ or other like liens arising or incurred in the ordinary course of business if the underlying obligations are not past due, (iii) statutory liens of
lessors under Real Property Leases for amounts not yet due and payable and (iv) those liens set forth on Exhibit 13. 

“Person” means any individual, corporation, general or limited partnership, limited liability company, joint venture,
estate, trust, association, organization, labor union or other entity or Governmental Body. 
 “Plan”
and “Plans” have the meanings set forth in Section 3.17(a), above. 

  
 53 

 “PPP International” means Professional Power Products International,
Inc., an IC-DISC. 
 “PPPI” has the meaning set forth in the Recitals, above. 

“PPPI EBITDA” means (i) the EBITDA of PPPI for the twelve month period ending on December 31, 2014 or,
(ii) in the event of a Change of Control that occurs (i.e. is closed) prior to the date in which PSI Shares shall have otherwise been issued to the Seller pursuant to Section 6.6(a) and Section 6.6(b), PPPI EBITDA shall
mean the EBITDA of PPPI calculated in the “annualized” manner set forth in Section 6.6(c). 
 “PPPI
Intellectual Property” has the meaning set forth in Section 3.11(c), above. 
 “PPPI
Stock” means the common stock, no par value per share, of PPPI. 
 “Pre-Adjusted Purchase Price” has
the meaning set forth in Section 2.3, above. 
 “Pre-Closing Tax Period” has the meaning
set forth in Section 9.1(a), above. 
 “Pre-Closing Taxes” has the meaning set forth in
Section 9.1(a), above. 
 “Proceeding” means any action, arbitration, hearing, investigation,
proceeding, litigation or suit (whether civil, criminal or administrative) commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Body or arbitrator. 

“PSI” has the meaning set forth in the Preamble, above. 

“PSI Balance Sheet” has the meaning set forth in Section 4.7(a), above. 

“PSI Indemnified Parties” has the meaning set forth in Section 7.1, above. 

“PSI Shares” has the meaning set forth in Section 6.6(b), above. 

“Purchase Price” has the meaning set forth in Section 2.3, above. 

“Purchase Price Adjustment” has the meaning set forth in Section 2.4, above. 

“Real Property Lease” means a Contract currently in effect pursuant to which PPPI leases real property.

 “Records” means all books, records, manuals and other materials and information of the Seller Companies,
including customer records, personnel and payroll records, accounting records, purchase and sale records, price lists, correspondence, quality control records and all research and development files, wherever located. 

“Released Parties” has the meaning set forth in Section 6.7, above. 

“Releasing Parties” has the meaning set forth in Section 6.7, above. 

  
 54 

 “Reorganization” has the meaning set forth in the Recitals, above. 

“Representative” means, with respect to a particular Person, any director, officer, employee, agent, consultant,
advisor or other representative of such Person, including legal counsel, accountants and financial advisors. 

“SBA Loan” has the meaning set forth in Section 2.5(e), above. 

“SBA Payoff Amount” has the meaning set forth in Section 2.5(e), above. 

“SBA Payoff Letter” has the meaning set forth in Section 2.5(e), above. 

“SEC” means the Securities and Exchange Commission. 

“SEC Documents” has the meaning set forth in Section 4.7(a), above. 

“Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, as amended,
and any successor Legal Requirement thereto.  
 “Seller” has the meaning set forth in the Preamble,
above. 
 “Seller Companies” means the Seller, PPPI and PPP International. 

“Seller Indemnified Parties” has the meaning set forth in Section 8.1, above.  

“Seller Notice” has the meaning set forth in Section 8.2(a), above.  

“Seller Representative” has the meaning set forth in Section 11.1, below. 

“Seller Representative Amount” means One Hundred Fifty Thousand Dollars ($150,000). 

“Seller Representative Fund” has the meaning set forth in Section 2.5(c), above. 

“Settlement Date” means the date on which the PSI Shares are issued to the Seller (or the Shareholders if designated
by the Seller) pursuant to Section 6.6, above. 
 “Shareholder” has the meaning set forth
in the Preamble, above. 
 “Sole Source Supplier” means a supplier to PPPI that in 2013 was, or in 2014 would
reasonably be expected to be, the sole source to PPPI of any component, part, material, product or supply for which PPPI spent, or would reasonably be expected to spend, as the case may be, in excess of $250,000 for such fiscal year or that
otherwise could not be replaced promptly without material cost or interruption to PPPI’s operations. 

“Statements” has the meaning set forth in Section 2.6(a), above. 

“Straddle Tax Period” has the meaning set forth in Section 9.1(a), above. 

  
 55 

 “Subsidiary,” with respect to any Person, means (a) any corporation
more than fifty percent (50%) of whose stock is owned by such Person directly or indirectly through one or more subsidiaries, and (b) any partnership, limited liability company, association, joint venture or other Person in which such
Person directly or indirectly through one or more subsidiaries has more than a fifty percent (50%) equity interest. 

“Systems” has the meaning set forth in Section 3.11(h), above. 

“Target Auditor” means Baker Tilly Virchow Krause, LLP. 

“Tax” and “Taxes” “Tax” or “Taxes” means, (A) any federal, state,
local, municipal, and foreign taxes, including all income, gross receipts, capital, franchise, estimated, alternative, minimum, add-on minimum, ad valorem, sales, use, transfer, stamp, value added, excise, profit, windfall or excess profit, real
property, personal property, premium, intangibles, inventory, transaction (including financial), withholding, social security, employment, unemployment, severance, social security, disability, payroll, employee, and any other taxes of any kind, in
all cases together with any interest, penalties, additions, fees, fines, or other additions thereto; (B) any liability for payment of amounts described in clause (A) as a result of transferee liability, of having been a member of an
affiliated, consolidated, combined unitary, or other similar group for any period, or otherwise through operation of law; and (C) any liability for payment of amounts described in clause (A) or (B) as a result of any Tax sharing, Tax
indemnity or Tax allocation agreement or any other express or implied agreement to indemnify any other person for Taxes (other than by any agreement the principal subject of which is not Taxes). 

“Tax Claim” has the meaning set forth in Section 9.3.  

“Tax Returns” means all returns, amendments, informational returns, forms, reports and statements (including
elections, declarations, disclosures, schedules and estimates) filed by PPPI with a Governmental Body in respect of any Taxes. 

“Third Party Claim” has the meaning set forth in Section 7.2(a), above. 

“Threshold Working Capital Amount” means an amount equal to Six Million Five Hundred Seventy-Six Thousand Nine Hundred
Sixty-Nine Dollars ($6,576,969). 
 “Top Customer” has the meaning set forth in
Section 3.27(a), above. 
 “Top Supplier” has the meaning set forth in Section 3.27(b),
above. 
 “Transaction Bonuses” has the meaning set forth in Section 2.7(b), above. 

“Transaction Deductions” means all deductions or expenses incurred by the Seller and/or PPPI prior to the Closing as a
result of or in connection with the transactions contemplated by this Agreement (including, without limitation, deductions related to repayment of Indebtedness, the payment of Transaction Bonuses, payment of Transaction Expenses and the payment of
any fees or other costs and expenses associated with the transactions contemplated by this Agreement). 

  
 56 

 “Transaction Expenses” means only the sum of (i) any unpaid fees,
costs and expenses incurred by PPPI prior to the Closing in connection with the drafting, negotiation, execution and delivery of this Agreement and the other certificates, documents or agreements contemplated by this Agreement and the consummation
of the transactions contemplated herein and therein including legal and accounting fees (but, for the avoidance of doubt, not to include any fees and expenses incurred by or on behalf of PSI or any of its Affiliates as determined immediately prior
to the Closing), and (ii) any closing or other transaction fees payable by PPPI immediately prior to the Closing as a result of the transactions contemplated herein. 

“Treasury Regulations” means United States Treasury regulations promulgated under the Code. 

“WBDFC” has the meaning set forth in Section 2.5(e), above. 

“Welfare Plan” means any “employee welfare benefit plan” (as defined in ERISA Section 3(1)) (whether
written or unwritten) that PPPI currently sponsors or maintains, or to which PPPI makes contributions or has any obligation to contribute for the benefit of any employee or terminated employee of PPPI. 

“Working Capital Amount” has the meaning set forth in Section 2.4, above. 

“Working Capital Exclusions” means (i) Cash; and (ii) any deferred Tax asset or deferred Tax liability
included in Current Assets or Current Liabilities. 
 ARTICLE XI 

Seller Representative 

11.1. Duties of Seller Representative. Effective upon the execution and delivery of this Agreement by the Seller, PPPI and the
Shareholders, Carl L. Trent shall be appointed as attorney-in-fact and agent, with full power of substitution, to act for and on behalf of the Seller and each Shareholder with respect to any matter arising under or in connection with this
Agreement or any Ancillary Agreements (the “Seller Representative”). Carl L. Trent (a) accepts his appointment and authorization to act as attorney-in-fact and agent on behalf of the Seller and each Shareholder in
accordance with the terms of this Agreement and the Ancillary Agreements, and (b) agrees to perform his obligations hereunder and under the Ancillary Agreements and otherwise comply with this Agreement and the Ancillary Agreements. The Seller
Representative has authority to, among other things: (i) engage attorneys, accountants and agents at the expense of the Seller and the Shareholders, (ii) dispute or refrain from disputing any indemnification claim made by a PSI Indemnified
Party under Article VII of this Agreement, (iii) negotiate and compromise any dispute which may arise under Article II, Article VII or Article VIII of this Agreement, (iv) exercise or refrain from
exercising any remedies available to the parties under Article II, Article VII or Article VIII of this Agreement, (v) sign any releases or other documents with respect to any dispute or remedy referenced in
clause (iii) or (iv) above, (vi) waive any condition, obligation, right or remedy contained in this Agreement or any Ancillary Agreement, (vii) review and approve matters related to the Statements and the final Purchase Price;
(viii) prepare and file income Tax Returns with respect to the Seller and PPPI; (ix) consummate the transactions contemplated hereunder; and (x) give such instructions and do such other things and refrain from doing such other things
as the Seller Representative in his sole discretion deems necessary or appropriate in respect of the provisions of this Agreement and the Ancillary Agreements. 

  
 57 

 11.2. Liability of Seller Representative. The Seller Representative shall have no
liability to the Seller or the Shareholders for any actions or omissions taken or suffered in good faith in his capacity as the Seller Representative. 

11.3. Losses and Expenses of Seller Representative. The Shareholders shall reimburse the Seller Representative for all losses and
expenses, including, out-of-pocket expenses incurred in connection with his duties and obligations as the Seller Representative hereunder, including all losses and expenses incurred in connection with the duties and obligations set forth in this
Article XI. 
 11.4. PSI’s Reliance on Seller Representative. PSI shall have the right to rely conclusively upon all
actions taken or omitted to be taken by the Seller Representative pursuant to or in connection with this Agreement or any Ancillary Agreement, all of which actions or omissions shall be legally binding upon the Seller and all of the Shareholders.

 ARTICLE XII 

Miscellaneous 

12.1. Expenses. Except as otherwise specifically provided herein, the parties hereto shall pay their own expenses, including
accountants’ and attorneys’ fees, incurred in connection with the negotiation and consummation of the transactions contemplated by this Agreement. 

12.2. Notices. All notices or other communications required or permitted to be given hereunder shall be in writing and shall be
considered to be given and received in all respects when hand delivered, when delivered by prepaid express or courier delivery service, when sent by facsimile transmission actually received by the receiving equipment or three (3) calendar days
after deposited in the United States mail, certified mail, postage prepaid, return receipt requested, in each case addressed as follows, or to such other address as shall be designated by notice duly given: 

 

			
	If to PSI:	  	c/o Power Solutions International, Inc.
		  	201 Mittel Drive
		  	Wood Dale, IL 60191
		  	Fax No. (630) 787-5383
		  	Attention: Eric Cohen
		
	With a copy to:	  	Katten Muchin Rosenman LLP
		  	525 West Monroe Street
		  	Chicago, IL 60661
		  	Fax No. (312) 902-1061
		  	Attention: Mark D. Wood

  
 58 

			
	If to the Seller,	  	
	Shareholders and/or	  	
	Seller Representative:	  	Carl L. Trent
		  	448 W. Madison St.
		  	Darien, WI 53114
		  	Fax
No.                                         
                               
		  	
		
	With a Copy To:	  	Godfrey & Kahn, S.C.
		  	780 North Water Street
		  	Milwaukee, WI 53202
		  	Fax No. (414) 273-5198
		  	Attention: John A. Dickens

 12.3. Right to Specific Performance. The parties agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that there is no adequate remedy at law for the damage which any of them might sustain for the failure of the
others to perform their obligations under this Agreement, and, accordingly, that each of them is entitled to the remedy of specific performance to enforce such performance. 

12.4. Entire Agreement. THIS AGREEMENT (INCLUDING THE DISCLOSURE SCHEDULE AND EXHIBITS) AND THE ANCILLARY AGREEMENTS CONSTITUTE THE
ENTIRE AGREEMENT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT, AND ALL PRIOR AGREEMENTS, CORRESPONDENCE, DISCUSSIONS AND UNDERSTANDINGS OF THE PARTIES (WHETHER ORAL OR WRITTEN) ARE SUPERSEDED, IT BEING THE INTENTION OF THE
PARTIES THAT THIS AGREEMENT WILL SERVE AS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE TERMS OF THEIR AGREEMENT WITH RESPECT TO THE SUBJECT MATTER HEREOF. THE PARTIES AGREE THAT THERE HAVE BEEN AND THERE ARE NO OTHER AGREEMENTS, REPRESENTATIONS OR
WARRANTIES BETWEEN THE PARTIES WITH RESPECT TO THE SUBJECT MATTER SET FORTH IN THIS AGREEMENT OTHER THAN THOSE SET FORTH IN THIS AGREEMENT, AND THAT THE PARTIES ARE NOT RELYING UPON ANY AGREEMENTS, REPRESENTATIONS OR WARRANTIES THAT ARE NOT SET
FORTH IN THIS AGREEMENT. NO AMENDMENT, WAIVER OR MODIFICATION TO OR UNDER THIS AGREEMENT WILL BE VALID UNLESS IN WRITING AND SIGNED BY AN AUTHORIZED SIGNATORY OF THE PARTY OR PARTIES AFFECTED THEREBY. 

12.5. Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each party hereto and their
respective heirs, successors, legal representatives and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by
reason of this Agreement, other than (a) the provisions of Section 6.5 (which are intended to be for the benefit of the Persons covered thereby and may be enforced by such Persons). In any Proceeding by which a Person covered by
this Section 12.5 seeks to enforce its rights hereunder (whether in contract, tort or both) or seeks a declaration of any rights or obligations under this Agreement, the prevailing Person shall be awarded its reasonable attorneys’
fees and other reasonable costs and expenses incurred. 

  
 59 

 12.6. Construction. The parties have participated jointly in the negotiation and drafting
of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption of burden of proof shall arise favoring or disfavoring either
party by virtue of the authorship of any of the provisions of this Agreement. The word “including” shall mean including without limitation. 

12.7. Assignment. This Agreement and the rights hereunder shall not be assignable or transferable by any party without the prior written
consent of the other parties; provided, that PSI may, without the consent of any other party hereto, make a collateral assignment to any bank or financial institution that is or becomes a lender (or an agent thereof) to PSI or any of its
Affiliates. 
 12.8. Paragraph Headings. The headings in this Agreement are for purposes of convenience and ease of reference only and
shall not be construed to limit or otherwise affect the meaning of any part of this Agreement. 
 12.9. Severability. The parties
agree that if any provision of this Agreement shall under any circumstances be deemed invalid or inoperative, this Agreement shall be construed with the invalid or inoperative provision deleted, and the rights and obligations of the parties shall be
construed and enforced accordingly. 
 12.10. Governing Law; Venue. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Wisconsin without regard to principles and conflicts of law. The parties hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the courts of the State of Wisconsin and of
the United States of America located in the State of Wisconsin for any actions, suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby (and agree not to commence any action, suit or proceeding
relating thereto except in such courts). The parties hereby irrevocably and unconditionally waive any objection to the laying of venue on any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the
courts of the State of Wisconsin or the United States of America located in the State of Wisconsin, and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit or proceeding
brought in any such court has been brought in an inconvenient forum. 
 12.11. Attorney-Client Privilege. It is acknowledged by each
of the parties hereto that Godfrey & Kahn, S.C. (“Counsel”) has represented the Shareholders, the Seller and PPPI in connection with the transactions contemplated by this Agreement. PSI, PPPI, the Seller and the
Shareholders agree that any attorney-client privilege, attorney work-product protection and expectation of client confidence attaching as a result of Counsel’s representation of the Shareholders, the Seller or PPPI in connection with the
transactions contemplated by this Agreement, and all information, communications and documents covered by such privilege or protection, shall belong to and be controlled by the Shareholders and may be waived only by the Seller Representative, and
not PPPI, and shall not pass to or be claimed or used by PSI or PPPI. 

  
 60 

 
Notwithstanding the foregoing, neither PSI nor PPPI will be limited or precluded from using or relying on any communication among the Shareholders, the Seller or PPPI and/or their respective
Affiliates made in connection with the transactions contemplated by this Agreement in any actions against or involving the Shareholders or the Seller or any of their Affiliates. Furthermore, in the event that any dispute arises between PSI, PPPI or
any of its Subsidiaries and a third party (other than a party to this Agreement or any of such party’s Affiliates) after the Closing, then PSI, PPPI and its Subsidiaries may assert the attorney-client privilege to prevent the disclosure of
confidential communications by Counsel to such third party. 
 12.12. Use of Terms. In this Agreement (a) the words
“hereof”, “herein”, “hereto”, “hereunder” and words of similar import may refer to this Agreement as a whole and not merely to a specific section, paragraph or clause in which the respective word appears,
(b) words importing gender include the other genders as appropriate, and (c) any terms defined in this Agreement may, unless the context otherwise requires, be used in the singular or the plural depending on the reference. 

12.13. Counterparts; Electronic Copy. This Agreement and any Ancillary Agreement may be executed in one or more counterparts, all of
which shall be considered but one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the parties and delivered to the other party. A facsimile or portable document signature of this
Agreement and any Ancillary Agreement shall be as effective as an original. 
 12.14. Waiver of Jury Trial. EACH OF PSI, THE
SHAREHOLDERS, THE SELLER, PPPI AND THE SELLER REPRESENTATIVE HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF PSI, THE SHAREHOLDERS, THE SELLER, PPPI OR THE SELLER REPRESENTATIVE IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT. 

[Signatures Appear on the Following Pages] 

  
 61 

 IN WITNESS WHEREOF, the parties have executed this Stock Purchase Agreement as of the day, month
and year first above written. 
  

	
	SHAREHOLDERS:
	
	/s/ Carl L. Trent
	Carl L. Trent
	
	/s/ Kenneth C. Trent
	Kenneth C. Trent

 [Shareholders’ Signature Page to Stock Purchase Agreement] 

 
	
	SELLER REPRESENTATIVE:
	
	/s/ Carl L. Trent
	 Carl L. Trent

 [Seller Representative’s Signature Page to Stock Purchase Agreement] 

 
			
	SELLER:
	
	CKT HOLDINGS, INC.
		
	 By:
	 	 /s/ Kenneth C. Trent

	 Print Name:   Kenneth C. Trent

	 Title:
	 	 Chief Operating Officer/Secretary

 [Seller’s Signature Page to Stock Purchase Agreement] 

 
			
	PSI:
	
	POWER SOLUTIONS INTERNATIONAL, INC.
		
	 By:
	 	 /s/ Eric Cohen

	 Print Name:  Eric Cohen

	 Title:
	 	 COO

 [PSI’s Signature Page to Stock Purchase Agreement] 

 DISCLOSURE SCHEDULE 

 

			
	Schedule 3.2	  	No Conflict; Consents
	Schedule 3.3	  	Restrictions on Transfer
	Schedule 3.4	  	Organizational Matters
	Schedule 3.6	  	Capitalization
	Schedule 3.8	  	Title to Assets; Condition of Assets
	Schedule 3.9(a)	  	Real Property Leases
	Schedule 3.9(b)	  	Compliance with Legal Requirements
	Schedule 3.10	  	Proceedings
	Schedule 3.11(a)	  	Owned Intellectual Property
	Schedule 3.11(b)	  	Licenses
	Schedule 3.11(d)	  	Intellectual Property Contracts
	Schedule 3.11(i)	  	Use of Personally Identifiable Information
	Schedule 3.12	  	Financial Statements
	Schedule 3.14	  	Taxes
	Schedule 3.15	  	Material Contracts
	Schedule 3.16(a)	  	Personnel Matters; Labor Practices
	Schedule 3.16(b)	  	Employment Contracts
	Schedule 3.16(c)	  	Employee Actions
	Schedule 3.17(a)	  	Benefit Plans
	Schedule 3.17(b)	  	Plan Compliance
	Schedule 3.17(g)	  	Administration of Plan
	Schedule 3.17(h)	  	Benefits to Former Employees
	Schedule 3.17(i)	  	Transaction Bonuses
	Schedule 3.18	  	Events Since the Balance Sheet Date
	Schedule 3.19	  	Compliance with Environmental Law
	Schedule 3.20	  	Insurance
	Schedule 3.21	  	Governmental Authorizations
	Schedule 3.25	  	Product Warranty
	Schedule 3.26	  	Product Liability Claims
	Schedule 3.27(a)	  	Top Customers
	Schedule 3.27(b)	  	Top Suppliers
	Schedule 3.28	  	Accounts; Safe Deposit Boxes

 LIST OF EXHIBITS 
  

			
	Exhibit 2.4	  	Accounting Principles
	Exhibit 2.5	  	Estimated Pricing Statement
	Exhibit 2.7(a)	  	Paid Liabilities
	Exhibit 2.7(b)	  	Transaction Bonuses
	Exhibit 7.1(e)	  	Indemnified Matters
	Exhibit 7.1(g)	  	Excluded Environmental Matters
	Exhibit 9.10	  	Purchase Price Allocation
	Exhibit 13	  	Permitted LiensEX-10.2

 Exhibit 10.2 

AMENDED AND RESTATED LEASE AGREEMENT 

THIS AMENDED AND RESTATED LEASE AGREEMENT (the “Lease”), made and entered into effective as of the 1st day of April, 2014 (the
“Effective Date”), by and between 448 W. MADISON LLC, a Wisconsin limited liability company (“Landlord”), and PROFESSIONAL POWER PRODUCTS, INC., an Illinois corporation (“Tenant”). 

RECITALS 
 WHEREAS, Landlord and
Tenant entered into that certain Lease Agreement dated March 1, 2013, as amended (the “Prior Lease Agreement”), whereby Tenant leases from Landlord that certain real estate located in the Village of Darien, County of Walworth, State
of Wisconsin; and 
 WHEREAS, Landlord and Tenant desire to amend and restate the terms of the Prior Lease Agreement to reflect changes in
their understanding of their rights and duties to one another, such that all terms and provisions contained in the Prior Lease Agreement shall apply for periods prior to the Effective Date, and all terms and provisions contained in this Lease shall
apply for periods on and after the Effective Date. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by the parties hereto, and in consideration of the mutual covenants set forth herein, the parties do hereby agree as follows: 

AGREEMENT 
 1. Leased
Premises & Term. 
 1.1 Premises. Landlord hereby leases unto Tenant and Tenant hereby leases from Landlord approximately
11.55 acres of real estate located at 448 West Madison Street, Darien, Wisconsin, as more fully described on Exhibit A attached hereto, together with all buildings, building fixtures and improvements located thereon, including approximately
One Hundred Thirty-Three Thousand Eight Hundred Ninety-One (133,891) square feet of industrial warehouse and office space encompassing the entire building known as 448 West Madison Street (“Building”), the 1.10 acre parking lot owned
by Landlord and located across the street from the Building (the “Parking Lot”) and the following equipment: test cell switchgear; two (2) 50-ton top running double grinder cranes; two (2) 30-ton top running cranes; two
(2) 20-ton top running cranes and one (1) 5-ton top running crane (“Equipment”), hereinafter collectively designated as the “Premises.” Tenant will have sole and exclusive use of the Premises and the Parking Lot,
including any parking spaces located thereon. If Tenant needs additional parking during the Term, Landlord and Tenant shall work together in good faith to determine any additional location(s) on the Premises for Tenant to construct, at Tenant’s
sole cost and expense, additional parking areas. In addition to the Premises, Landlord hereby grants to Tenant, for the Term (as it may be extended) (a) all rights, easements and appurtenances, if any, belonging to Landlord or appertaining to
the Premises, and (b) all right, title and interest of Landlord in, to and under any and all roads, streets, alleys and ways, if any, bounding the Premises. 

 1.2 Term. The term of the Lease shall be for seven (7) years commencing on
April 1, 2014 (the “Commencement Date”) and shall terminate at 11:59 p.m. on March 31, 2021 (the “Original Term”), unless sooner terminated in accordance with this Lease. Provided that Tenant is not then in material
non-monetary Default (being defined as a non-monetary default which is reasonably likely to give rise to damages and/or costs to cure in excess of one (1) months’ Base Rent as in effect at the time the Default occurs) or monetary Default
under this Lease (provided that if any such continuing monetary Default or material non-monetary Default does then exist, and if Tenant cures such Default within applicable cure periods under Section 14 hereof, or at any time thereafter and
prior to such time as Landlord has elected to exercise its Default remedies of terminating this Lease or Tenant’s right to possession hereunder on account thereof, then any such exercise of Tenant’s extension option rights under this
Section shall remain in full force and effect, without regard to such Default), Tenant shall have the right to extend the term of this Lease for one (1) additional term of five (5) years at the rental rate as provided in Section 2.4
hereof (the “Option Term”). The Original Term and the Option Term, if exercised, are together referred to herein as the “Term.” If Tenant intends to exercise the extension option granted herein, Tenant shall give Landlord written
notice of its intent to extend the Lease not less than six (6) months prior to the end of the then current expiration date of the Term. If Tenant fails to timely deliver such written notice to Landlord, Landlord shall give Tenant written notice
of such failure, and Tenant shall have ten (10) Business Days from Tenant’s receipt of such notice to exercise the Option Term in writing before such right is deemed waived by Tenant. 

2. Rent. 
 2.1 Base
Rent. Tenant shall pay to Landlord, at the address set forth in Section 18 or such other place as Landlord may from time to time designate in writing, an initial monthly rental (“Base Rent”) in the amount of approximately Three
and Fifty-Nine Hundredths Dollars ($3.59) per square foot, for a total of Four Hundred Eighty Thousand Dollars ($480,000.00) per year, payable in equal monthly amounts of Forty Thousand Dollars ($40,000.00), commencing on the Commencement Date and
continuing on the first day of each month thereafter through the first year of this Lease. If the Term of this Lease commences on a date other than the first day of a calendar month, the rent for such partial month shall be prorated based upon the
number of days of the Term occurring within such calendar month. Except as otherwise provided in this Lease, Landlord and Tenant agree that the obligation to pay Base Rent is an independent covenant of Tenant, due without any requirement of demand
therefore, and, except as otherwise provided in this Lease, shall be an absolute net return to Landlord for the Lease Term free from any expense, charge, deduction or offset. 

2.2 Annual Increase. Beginning on the first anniversary of the Commencement Date and annually thereafter on each anniversary, Base Rent
shall be adjusted by a percentage equal to the percentage increase in the Consumer Price Index for such year, but not to exceed a maximum of 3% per year in the aggregate. The Consumer Price Index (all goods and services, all urban consumers,
U.S. City Average, 1982-84 = 100) published by the United States Department of Labor Bureau of Labor Statistics (“CPI-U”) shall be the index for adjustment. The monthly Base Rent determined as set
forth above shall be adjusted to reflect the percentage annual increase or decrease in the index at the applicable commencement of the Lease Year. For each adjustment, the CPI-U for the month and year of the commencement of the new Lease Year shall
be compared to the CPI-U for the month and year one year prior to such date. The then current 

  
 2 

 
Base Rent shall be adjusted to reflect the percentage increase or decrease in the CPI-U. In the event the CPI-U for the month in which the adjustment is to be made is not available at that time,
the adjustment shall be made as soon as such data is available and the increase or decrease shall be effective retroactive to the commencement of the Lease Year. In the event the CPI-U is discontinued or is revised so that it is materially different
than presently constituted, the parties shall use such other index that is substantially similar. Once Landlord has made such calculation, Landlord shall notify Tenant in writing of such increase. 

2.3 Lease Year. “Lease Year” shall mean the following designated periods: The first Lease Year shall commence on the
Commencement Date. The first Lease Year shall end on the day immediately preceding the day which is the first anniversary of the Commencement Date. If the Commencement Date is not the first day of a calendar month, the first Lease Year shall end on
the last day of the month in which the first anniversary of the Commencement Date occurs. The second Lease Year shall commence on the day immediately following the last day of the first Lease Year and each subsequent Lease Year shall commence on the
anniversary of the first day of the second Lease Year. 
 2.4 Base Rent during the Option Term. Base Rent due during the initial Lease
Year of any Option Term and on each anniversary of the Commencement Date thereafter during the Option Term, shall be adjusted based upon CPI-U as determined as set forth in Section 2.2 above. 

2.5 Additional Rent. All other sums, costs, expenses or obligations required to be paid by Tenant hereunder in excess of Base Rent shall
be “Additional Rent,” and as such shall be collectible in the same manner and subject to the same notice and cure period as Base Rent. The term “Rent” shall mean all Base Rent and Additional Rent. 

2.6 Triple Net Lease. Except for Landlord’s maintenance, repair and replacement obligations under this Lease, the parties
acknowledge that this Lease is intended to be “triple net,” and except as otherwise provided in this Lease, Tenant shall be solely responsible for all sums, costs, or expenses incurred in Tenant’s use and occupancy of the Premises,
whether or not such costs or expenses are expressly stated herein. 
 3. Use of Premises. Tenant shall use the Premises for general
office and manufacturing purposes in connection with the current business operations of Tenant and all ancillary purposes and for any other lawful purpose. Tenant’s business operations at the Premises shall be in full compliance with all laws,
ordinances, rules and regulations of all public authorities having jurisdiction over the Premises (collectively, “Laws”). Tenant herein indemnifies and holds Landlord harmless from and against any claims, fines, penalties, liabilities,
costs and expenses arising or resulting from the failure of the Premises to comply with such Laws if and only if related to Tenant’s business operations at the Premises, unless such failure is due to (a) Landlord’s willful or
negligent acts or omissions or those of its contractors, representatives, employees or agents, (b) a violation of Laws existing on the Commencement Date, or (c) with respect to the Building, the Parking Lot and any other the parking lots
serving the Building, a change in Laws occurring after the Commencement Date that is not triggered solely by Tenant’s business operations at the Premises. Any compliance with Laws relating to subsections (a), (b) and/or (c), shall be the
obligation of Landlord at Landlord’s sole cost and 

  
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expense. Landlord represents and warrants that upon delivery of the Premises to Tenant all parts of the Premises and the Building including without limitation, all structural elements, the
foundation, roof, roof membrane and roof system, exterior walls, plumbing and electrical and other mechanical systems are complete, ready for Tenant’s use and are in good working condition. Landlord represents and warrants that Landlord has
received no violation of Laws regarding the condition of the Building as of the Commencement Date. During the Term, Landlord shall comply with all Laws affecting the Premises except to the extent of Tenant’s obligations under this Lease. 

4. Tenant’s Obligations. 

4.1 Taxes. Tenant shall pay as Additional Rent throughout the Term of this Lease all real estate taxes, charges and assessments, general
and special, ordinary and extraordinary, incurred, assessed or imposed attributable to the Term against the land, buildings and other improvements comprising the Premises (collectively the “Taxes”). Taxes for the applicable fiscal tax
period in which the Term of this Lease commences and terminates shall be prorated based upon the number of days in the Term of this Lease within such fiscal tax period. Tenant may contest in good faith by appropriate proceedings at its own expense
any Taxes provided that Tenant shall first have paid such Taxes if required under law prior to any tax contest. Landlord shall join in any such proceedings and hereby agrees that the same may be brought in its name, if required. Tenant shall be
entitled to any refund of any Taxes, and all penalties or interest thereon received by Landlord which shall have been paid by Tenant, or which shall have been paid by Landlord but previously reimbursed in full by Tenant. 

4.1.1. Should any governmental authority at any time during the Term of this Lease impose an excise tax, or any other tax or
assessment whatsoever, upon or against Landlord (other than an income or franchise tax) based upon the rents payable to Landlord by Tenant, which is by way of substitution for or in addition to the Taxes, then any such excise tax (whether or not now
contemplated) shall be deemed to be included in the term “Taxes” as used in Section 4.1 and Tenant shall be obligated to pay for the same as provided in Section 4.1. 

4.1.2. Tenant agrees to timely pay when due all personal property taxes, whether assessed against Landlord or Tenant, on the
Equipment and Tenant’s furniture, equipment and other items of personal property owned by Tenant and located in or about the Premises. 

4.1.3. Tenant shall furnish to Landlord a receipted tax bill or other satisfactory evidence of the payment of all Taxes to be
paid by Tenant under this Section 4.1 at least ten (10) days before the same are due and payable. Tenant’s obligations under this Section 4.1 shall survive the expiration or earlier termination of the Lease. A copy of a tax bill
from the municipality or governmental authority submitted by Landlord to Tenant shall at all times be sufficient evidence of the amount of Taxes levied, assessed or imposed against the Premises, which Landlord agrees to deliver within five
(5) days after Landlord’s receipt so that Tenant may timely pay same. 

  
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 4.1.4. If at any time Landlord’s lender requires Landlord to escrow tax
payments, Tenant shall pay all Taxes to be paid by Tenant under Section 4.1 to Landlord in monthly installments on or before the first day of each calendar month, in advance, in an amount estimated by Landlord or Landlord’s lender. Upon
receipt of all statements for Taxes due for a Lease Year, Landlord shall submit to Tenant a written statement of the actual amount of the Taxes for such year and the amount, if any, then paid to Landlord by Tenant. If the total amount paid by Tenant
under this Section 4.1.4 for any Lease Year shall be more or less than the actual amount due from Tenant for such Lease Year, as shown in such statement (as same may be prorated based upon the number of days in the Lease Year if less than a
full calendar year), either Tenant shall pay to Landlord the shortfall within ten (10) Business Days after receipt of the statement or such excess shall be, at Tenant’s election, either credited against the next installment of Taxes due
from Tenant to Landlord or paid to Tenant in cash. Landlord’s and Tenant’s obligations under this Section 4.1 shall survive the expiration of the Term of this Lease. As used in this Lease, “Business Day(s)” are Monday
through Friday of each week, exclusive of New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day after Thanksgiving and Christmas Day. Notwithstanding anything contained herein to the contrary, it is understood and
agreed, however, that Tenant shall not be liable to pay (1) any municipal, county, state, or federal income, business activity, occupation, franchise, gross receipts or capital stock taxes of Landlord, nor any municipal, county, state, or
federal estate, succession, inheritance, succession, transfer or other taxes assessed against Landlord or the Premises; (2) bonds and/or assessments which have been, or subsequent to the date hereof are, levied for the purpose of funding the
costs of construction for all or any portion of the Building or any capital improvements constructed therein or with respect thereto, or any offsite improvements; (3) Taxes on the Premises which are payable pursuant to a separate assessment as
described below; or (4) assessment liens against the Premises prior to the Commencement Date. 
 4.1.5. In the event of
a special assessment for a public or private improvement, the life of which extends beyond the Term, the assessment for such improvement shall be amortized over the life of the improvement, and Tenant shall only be responsible to pay the amortized
portion as it is amortized during the Term. Notwithstanding the foregoing, in the event a special assessment is billed in installments, Tenant shall only be responsible for each installment coming due during the Term and shall not be responsible for
any portion of the assessment which covers a period during which Tenant did not have the right legally to possess the Premises. Special assessments shall not include infrastructural or capital improvements related to the initial development,
expansion or modification of the Building, and in no event shall such assessments and taxes be included in Taxes. Tenant shall not be obligated to pay any taxes or assessments unless and except to the extent incurred by Landlord during the Term or
attributable to the Term. 
 4.2 Utilities & Maintenance Services. Landlord agrees to leave in place all existing meters,
mains, conduits, and other facilities for providing water, sewer, gas, heat, power, telephone service, and electricity to the Premises. Throughout the Term hereof, Tenant shall be responsible for and shall promptly pay as and when due all charges
for heat, water, gas, electricity, telephone, sanitary sewer and other utilities used or consumed in, on or upon the Premises using providers selected by Tenant. Additionally, Tenant will be responsible for any snow plowing or ice removal using
providers selected by Tenant. Tenant shall at all times keep the Premises sufficiently heated so as to prevent freezing and deterioration (other than normal wear and tear) thereof and/or of the equipment and facilities contained therein. 

  
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 4.2.1. Except as otherwise provided in this Lease, no discontinuance of any
utility service shall relieve Tenant from performing any of its obligations under this Lease, and Landlord shall not be liable for damages arising out of (and shall not provide rent abatement with respect to) any discontinuance in or failure of any
utility service, and no such failure or discontinuation shall be deemed a constructive eviction. 
 4.2.2. Landlord shall not
be liable to Tenant in damages or otherwise if the utilities or services are interrupted or terminated because of necessary repairs, installations, improvements, or any cause beyond Landlord’s reasonable control, nor shall any such interruption
or termination relieve Tenant of the performance of any of its obligations hereunder, except that if Tenant is unable to operate its business or access the Premises for a period of five (5) consecutive days for any reason caused by Landlord or
its representatives, employees, contractors and/or agents, there shall be an abatement of all Base Rent and Additional Rent hereunder retroactive to the first day of the interruption and continuing during the entire period of such interruption. 

4.3 Insurance. 

4.3.1. During the entire Term hereof, Tenant, at Tenant’s sole cost and expense, shall keep in full force and effect a
policy of commercial general liability insurance, including contractual liability, with respect to the Premises, and the business operated by Tenant in the Premises, covering injury to or death of persons and damage to property in which the combined
single limit is not less than Two Million Dollars ($2,000,000.00), or in such greater amounts as Landlord may reasonably determine in accordance with prudent business practices or as Landlord’s lender may require. 

4.3.2. During the entire Term hereof, Tenant agrees to carry, at its expense, insurance against fire, vandalism, malicious
mischief, and such other hazards as are from time to time included in an all-risk policy with a standard extended coverage endorsement, insuring the Premises in an amount equal to the full replacement value of the Premises, all improvements made by
or on behalf of Tenant to the Premises, all personal property leased by Tenant from Landlord and all trade fixtures, furnishings and equipment owned by Tenant and located on or within the Premises, in an amount equal to the full replacement value
thereof, together with rental interruption insurance in an amount not less than twelve (12) months Base Rent, Additional Rent and Taxes. Landlord may, upon thirty (30) days prior written notice to Tenant, obtain the insurance required
under this Section 4.3.2 (with commercially reasonable deductibles) and charge the commercially reasonable cost of such insurance to Lessee as Additional Rent, but in no event shall such cost exceed the cost that Tenant would have incurred had
Tenant obtained such insurance. 

  
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 4.3.3. The policies required under this Section 4.3 shall name Tenant and
Landlord and Landlord’s lender as designated by Landlord as additional insureds as their respective interests may appear, and shall contain a clause that the insurer will not cancel the insurance without first endeavoring to give the Landlord
thirty (30) days prior written notice. Such insurance may be furnished by Tenant under any blanket policy carried by it or under a separate policy therefor. The insurance shall be with carriers licensed in the State of Wisconsin with an A.M.
Best rating of A-/VII or better and certificates of the insurers evidencing the maintenance of such insurance policies shall be delivered to Landlord prior to commencement of the Term of this Lease and, upon renewals, not less than thirty
(30) days prior to the expiration of a coverage period. 
 4.3.4. Throughout the Term, Landlord shall carry and maintain
commercial general liability insurance with respect to Landlord’s business, and ownership, use and occupancy of the Building, having such coverages, amounts, limits, deductibles and co-insurance as may be reasonably determined by Landlord from
time to time. 
 4.3.5. Landlord and Tenant hereby mutually release each other from liability and waive all right of recovery
against each other for any loss or damage to their respective property in or about or constituting a part of the Building or the Premises, as the case may be, to the extent such loss or damage is required under this Lease to be, or is actually,
insured against under the injured party’s policy, including deductibles and any “all risk” endorsements thereof, whether due to negligence or any other cause. This waiver shall take priority over any indemnity obligations and other
liabilities or obligations of the parties under this Lease and shall apply notwithstanding such provisions. This waiver also applies to each party’s directors, officers, employees, and agents. Each party shall cause its insurance carrier to
endorse all applicable policies waiving the carrier’s right of recovery under subrogation or otherwise against the other party. 

4.3.6. To the extent of the waivers set forth in Section 4.3.5, Landlord shall not be liable to Tenant, and Tenant hereby
waives all claims against Landlord, for any injury or damage to any of Tenant’s property in or about the Premises, or any part thereof or any of Tenant’s equipment thereof becoming out of repair caused by sprinkling devices, air
conditioning apparatus, snow, frost, water leakage, steam, excessive heat or cold, falling plaster, broken glass, sewage, gas, odors or noise or the bursting or leaking of pipes or plumbing fixtures, any act or neglect of Landlord or any other thing
or circumstance whatsoever, whether of a like nature or of a wholly different nature. All property in or about the Premises belonging to Tenant, its agents, employees or invitees shall be there at the risk of Tenant or other person only, and
Landlord shall not be liable for damage thereto or theft, misappropriation or loss thereof. 
 5. Condition of Premises. Except as
otherwise provided in this Lease, Landlord has not made any other representation or warranty, either express or implied, with respect to the condition of the Premises. Except as otherwise provided in this Lease, Tenant hereby accepts the Premises in
its “AS IS” condition, without any representation or warranties on the part of Landlord as to the size, location, layout, use or condition of the Premises. Landlord shall deliver physical possession and control of the Premises together
with the key therefor to Tenant on the Commencement Date, structurally and mechanically sound, water tight, free of material structural or material latent defects, free of Hazardous Substances (as defined in Section 8 of this Lease), other than
those used in the ordinary course of Tenant’s business prior to the Effective 

  
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Date, and in compliance with all Laws (including but not limited to any compliance with Title III of the Americans With Disabilities Act of 1990, any state laws governing handicapped access or
architectural barriers, and all rules, regulations, and guidelines promulgated under such laws, as amended from time-to-time. In no way shall Tenant’s acceptance of the Premises limit Landlord’s liability for Hazardous Substances or for
any material structural or material latent defects existing in, on or at the Premises as of the Commencement Date. 
 5.1 Landlord’s
Title. Landlord covenants, represents, and warrants that on or before the Commencement Date, Landlord will own and hold fee simple title in and to the Building and the Premises and will have full right and authority to enter into and to execute
this Lease. Landlord covenants and warrants that as of the Commencement Date, the Building and Premises are not subject to any unrecorded covenants, unrecorded conditions, and unrecorded restrictions or similar type restrictive agreements
(“CCRs”) that would prohibit Tenant’s use or occupancy of the Premises. Landlord shall not (i) consent to or approve any new CCRs (whether or not recorded), nor exercise any consent or approval under any existing or new CCRs
(whether or not recorded) that materially adversely affects Tenant’s use or occupancy of the Premises or which would otherwise materially increase Tenant’s obligations or decrease Tenant’s rights under this Lease, without the prior
written consent of Tenant, which consent shall not be unreasonably withheld, conditioned or delayed. 
 6. Repairs &
Maintenance. 
 6.1 Tenant’s Obligations. Subject to Landlord’s obligations set forth in Section 6.4 below, during
the Term, at Tenant’s sole cost and expense, Tenant shall perform all maintenance, repairs and replacements necessary to maintain all non-structural portions of the Building, including maintenance, repairs and replacements to the
Building’s Systems, and the landscaping in good operating condition and repair using repairmen and service providers selected by Tenant. In connection with Tenant’s maintenance and repair obligations, Tenant shall have the right, without
consent from Landlord, to hire such contractors as Tenant requires, in Tenant’s sole discretion. Additionally, Tenant shall be solely responsible for the performance of the regular removal of trash and debris using service providers selected by
Tenant. 
 6.2 Tenant’s Right to Perform Landlord’s Obligations. If Landlord fails to maintain the Premises as set forth in
Section 6.4 below, and Landlord fails to cure the same within twenty (20) days after Tenant has given Landlord notice of such failure pursuant to Section 18 (unless the failure relates to maintenance, repair or replacement of the
roof, in which case Tenant shall only be required to provide Landlord with five (5) days’ prior written notice, or unless such failure results in an emergency, in which case, no prior notice is required), Tenant may, at its option, put or
cause the same to be put in the condition and state of repair required by this Lease, and in such case, Landlord shall reimburse Tenant the amounts incurred by Tenant in performing such repairs within thirty (30) days after Tenant’s
delivery to Landlord of written statements and copies of reasonably detailed invoices from Tenant’s contractor(s) and/or vendor(s). If Landlord fails timely to reimburse Tenant hereunder, Tenant may credit the amounts due Tenant from Landlord
against any payment obligations under this Lease until such reimbursement is fully recovered. Further, in the event any repairs or construction by Landlord, whether under this Section or any other provision of this Lease, results in all or part of
the Premises being closed for business or Tenant’s business being adversely impacted, Tenant’s Base Rent, Additional Rent and 

  
 8 

 
other charges shall be abated based on the proportion of the Premises that are closed for business or based on the extent to which Tenant’s business is adversely impacted until such time as
Tenant is able to reopen such portions of the Premises for business or Landlord completes its repairs or construction (whichever is later). 

6.3 Landlord’s Right to Perform Tenant’s Obligations. If Tenant fails to perform any of its obligations hereunder with respect
to maintenance, repairs or replacements, within any applicable notice and cure period provided herein, then Landlord may, if it so elects but expressly without any obligation to do so, in addition to any other remedies provided herein, perform the
same. Any reasonable out-of-pocket sums expended by Landlord in effecting such maintenance, repairs or replacements shall be deemed to be Additional Rent owing by Tenant to Landlord and shall be due and payable within thirty (30) days after
Tenant’s receipt of written request therefore and copies of reasonably detailed invoices from Landlord’s contractor(s) and/or vendor(s). 

6.4 Landlord’s Obligations. During the Term, Landlord, at Landlord’s sole cost and expense (except as otherwise expressly
provided herein), shall be responsible for promptly making any and all (a) maintenance, repairs and replacements to the Building’s Structure, and (b) all maintenance, repairs and replacements to the Parking Lot, sidewalks, driveways
and any other parking and/or asphalted or paved areas; provided that the cost of any capital improvement shall be amortized over the useful life of such improvement (as reasonably determined in accordance with generally accepted accounting
principles), and Tenant shall pay Landlord as monthly Additional Rent, the amortized portion thereof that is solely attributable to the then remaining term of this Lease. 

6.5 Definitions. As used in this Lease, “Building’s Structure” means all of the Premises’ exterior and structural
portions, including, without limitation, the Building’s exterior paint, surfaces and walls, the window systems (excluding plate glass), roof, roof membrane, roof covering, footings, foundations, floors, floor slabs, masonry walls, load-bearing
walls, and structural columns and beams; “Building’s Systems” means the Building’s HVAC, evaporative, life-safety, plumbing, make up air or other electrical, gas, cable, sprinkler, mechanical and all other systems; and
“including” means including, without limitation. 
 7. Alterations. Except for any nonstructural interior alterations,
additions, or improvements (including, without limitation, changing color schemes, installing new countertops, flooring, wall covering, lighting, fixtures, and modifying the layout of Tenant fixtures), Tenant shall not make or suffer to be made, any
other alterations, expansions, additions or improvements (“Alterations”) in, on or to the Premises or any part thereof without the prior consent of Landlord. Landlord agrees not to unreasonably withhold, condition or delay its consent for
any Alterations. Any Alterations, except movable furniture and trade fixtures, shall at once become a part of the Premises and belong to Landlord unless otherwise agreed to by Landlord. Landlord shall advise Tenant in writing at the time Landlord
granted consent or received notice of such Alterations if Tenant shall be required to remove such Alterations at the expiration or earlier termination of this Lease. If Landlord fails to notify Tenant at the time Landlord granted consent or received
notice of such Alterations, then Landlord shall be deemed to have waived its right to require Tenant to remove such Alterations at the expiration or earlier termination of this Lease. Notwithstanding anything contained herein to the contrary, Tenant
may make cuts or other penetrations in the roof of the Building, without Landlord’s prior consent so long as Tenant closes up any such cuts or penetrations to water tight condition at the expiration or earlier termination of this Lease. 

  
 9 

 7.1 Landlord’s consent to any Alterations shall be contingent upon Tenant agreeing to the
following minimum conditions: (i) Tenant shall pay or cause to be paid the entire cost of the Alterations, (ii) the contractor, subcontractors and suppliers shall be subject to Landlord’s approval, which shall not be unreasonably
withheld, conditioned d or delayed, and (iii) all plans and specifications shall be subject to the approval of Landlord. 
 7.2
Landlord shall give its approval or disapproval (giving reasonably detailed reasons in writing in case of disapproval) of the plans and specifications or other submissions for any Alterations requiring Landlord’s consent hereunder within
fifteen (15) days after their delivery to Landlord with Tenant’s express written request for Landlord’s approval thereof (and, as to any subsequent revised plans and specifications or other submissions submitted by Tenant to Landlord,
within five (5) business days after their delivery to Landlord with Tenant’s express request for Landlord’s approval thereof). In the event Landlord fails to give its approval or disapproval (giving reasonably detailed reasons in
writing in case of disapproval) of such plans and specifications or other submissions within said 15-day (or 5-business day, as applicable) period, then, to the extent Tenant’s request for approval or any subsequent requests for approval
expressly stated thereon, in BOLD CAPITALIZED LETTERS, that failure to respond within such 15-day (or 5-business day, as applicable) period shall be deemed Landlord’s approval of such plans and specifications or other submissions, the
plans and specifications or other submissions for such Alterations so submitted shall be deemed approved by Landlord. 
 7.3 Tenant
agrees to take all necessary steps to prevent the imposition of liens against the Premises as a result of the Alterations, and agrees to hold Landlord harmless from all liens, claims damages, costs and expenses (including reasonable attorneys’
fees) resulting from said Alterations other than those resulting from acts of Landlord or its contractors, employees, representatives or agents. Tenant shall obtain and pay for all necessary permits and shall comply with all applicable governmental
requirements and insurance rating bureau recommendations. Tenant shall also obtain, at Tenant’s sole cost, or require its contractors to obtain all reasonable insurance required by Landlord during construction of the Alterations, including but
not limited to builder’s risk, liability and workers compensation coverage. 
 8. Environmental Covenants. Tenant shall comply
with all applicable Laws relating to discharge, emissions, waste, nuisance, pollution control, hazardous substances and other environmental matters as the same shall be attributable to Tenant’s operations at the Premises from and after the
Commencement Date through the balance of the Term. All of the foregoing Laws are hereinafter referred to as “Environmental Laws.” 

8.1 Tenant shall obtain all environmental licenses, permits, approvals, authorizations, exemptions, certificates and registrations (hereinafter
collectively referred to as “Permits”) and make all applicable filings required of Tenant under the Environmental Laws required by Tenant to operate at the Premises. The Permits and required filings shall be made available for inspection
and copying by Landlord at Tenant’s offices upon reasonable notice and during business hours. 

  
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 8.2 Tenant shall not cause or permit any flammable explosive, oil, contaminant, pollutant,
radioactive material, hazardous waste or material, toxic waste or material or any similar substance which is or may become regulated under any applicable federal, state or local law (hereinafter collectively referred to as “Hazardous
Substances”) to be brought upon, kept or used in or about the Premises in violation of Environmental Laws. Tenant shall handle, store, use and dispose of any such Hazardous Substance in compliance with all applicable Environmental Laws in a
manner which is safe and does not contaminate the Premises. 
 8.3 If Tenant causes a release of Hazardous Substances in violation of
Environmental Laws at the Premises and Tenant fails during the Term to remediate such release in accordance with applicable standards for remediation of industrial properties, then the reasonable costs thereof shall be reimbursed by Tenant to
Landlord upon demand as Additional Rent. In addition, Tenant, at Landlord’s sole cost and expense (including reimbursement of Tenant’s reasonable attorneys’ fees) shall execute affidavits, representations and the like upon
Landlord’s request for such documents for purposes of obtaining insurance, financing and the like, concerning Tenant’s best knowledge and belief regarding the presence of Hazardous Substances on the Premises. 

8.4 Tenant hereby agrees to indemnify and hold Landlord harmless from any liability, claim, loss, damage, or cost (including reasonable
attorneys’ fees), including, without limitation, the cost of any required repair, cleanup, remediation or detoxification, arising from a breach by Tenant of this Section 8 or any actual or alleged violation of Environmental Laws by Tenant
in, on, under or about the Premises or relating solely to the operation of Tenant’s business on the Premises from and after the Commencement Date through the Term. The foregoing covenants and indemnification shall survive the expiration of the
Term of this Lease, provided that Tenant’s covenants and obligations shall terminate upon Tenant’s delivery of an environmental study reasonably acceptable to Landlord within two months of the end of the Lease Term that demonstrates to
Landlord’s reasonable satisfaction that Tenant has no indemnification obligations, to Landlord pursuant to this Section 8.4, or that Tenant has satisfied such indemnification obligations. 

8.5 Notwithstanding anything contained herein to the contrary, Landlord agrees, as to any Hazardous Substances at the Premises identified by
Gaiatech pursuant to the Phase II Work (as defined in that certain Property Access Agreement dated as of March 13, 2014, by and among Power Solutions International, Inc., Carl L. Trent, Kenneth C. Trent, CKT Holdings, Inc., and Landlord) as of
the Commencement Date (the “Commencement Date Hazardous Substances”) or first introduced or otherwise brought to the Premises by Landlord or its contractors, agents or employees after the Commencement Date (the “Post
Commencement Date Hazardous Substances”), to remove or otherwise remediate such Hazardous Substances if and to the extent required to attain applicable remediation standards for industrial properties issued pursuant to Environmental
Law as existing on the Commencement Date (i.e., as it relates to the Commencement Date Hazardous Substances) or as of the date so introduced by Landlord or its contractors, agents or employees (i.e., as it relates to the Post Commencement Date
Hazardous Substances), as the case may be, at Landlord’s sole cost and expense. Landlord shall restore, at its sole cost and expense any damage caused to the Premises as a result of such access, removal or remediation by Landlord under this
Section. In any entry into the Premises under this Section, Landlord shall use commercially reasonable efforts (which shall require overtime work to the extent such activity materially interferes with Tenant’s use and occupancy of or access to
the 

  
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Premises) to minimize interference with Tenant’s business operations therefrom. The foregoing is not intended to apply to Hazardous Substances present on the Premises on the Commencement
Date used in connection with the ordinary course of Tenant’s business, provided that such Hazardous Substances have not been placed or used at the Premises by Landlord in violation of any applicable Environmental Laws or would require reporting
of a release by Landlord pursuant to applicable Environmental Laws. 
 8.6 Notwithstanding anything contained herein to the contrary, Tenant
shall not perform (or allow to be performed) any activities at the Premises that would disturb the ground surface or subsurface and shall not conduct (or allow to be conducted) any environmental evaluation, investigation, sampling, or testing of the
soil or groundwater (or surface water or sediment) at the Premises unless (i) Tenant is required by applicable Environmental Law to undertake such evaluation, investigation, sampling, or testing and Tenant provides Landlord with no less than
ten (10) days advance written notice; or (ii) Landlord, in its sole discretion, agrees to such land disturbing activities or to such evaluation, investigation, sampling, or testing. In the event Tenant breaches its obligations under this
Section 8.6 and Hazardous Substances are identified in connection with any such breach, Tenant shall be responsible, at its sole cost and expense, for all response actions including investigation and remediation of all such Hazardous Substances
as necessary to achieve compliance with applicable Environmental Law and shall restore the Premises to substantially the same condition as existed prior to the breach. 

9. Indemnification. 
 9.1
Indemnification of Landlord. Tenant shall indemnify, defend and hold harmless Landlord, and its respective partners, directors, members, officers, shareholders, agents and employees, from and against any and all liabilities, obligations,
claims, demands, damages, penalties, causes of action, costs and expenses of every kind and nature (including reasonable attorneys’ fees), including those arising from any injury to any person (including death) or damage to property
(a) sustained in, on or about the Premises, (b) resulting from the negligence or willful act or omission of Tenant, its employees, agents, contractors, invitees, licensees, or sublessees, or (c) resulting from the failure of Tenant to
perform its obligations under this Lease; provided, however, Tenant’s obligations under this Section 9.1 shall not apply to injury or damage resulting from the negligence or willful act of Landlord or its employees, agents or contractors.
Notwithstanding the foregoing, this Section 9.1 shall be subject to Section 4.3.5 of this Lease. 
 9.2 Indemnification of
Tenant. Landlord shall indemnify, defend and hold harmless Tenant, and its respective partners, directors, members, officers, shareholders, agents and employees, from and against any and all liabilities, obligations, claims, demands, damages,
penalties, causes of action, costs and expenses of every kind and nature (including reasonable attorneys’ fees), including those arising from any injury to any person (including death) or damage to property (a) sustained in, on or about
the Premises and resulting from the negligence or willful act of Landlord, its employees, agents or contractors, or (b) resulting from the failure of Landlord to perform its obligations under this Lease; provided, however, Landlord’s
obligations under this Section 9.2 shall not apply to injury or damage resulting from the negligence or willful act of Tenant, or its employees, agents, contractors, invitees, licensees, or sublessees. Notwithstanding the foregoing, this
Section 9.2 shall be subject to Section 4.3.5 of this Lease. 

  
 12 

 10. Casualty. If the Premises or the Building are damaged by fire or other casualty (a
“Casualty”), Landlord shall, within sixty (60) days after such Casualty, deliver to Tenant a good faith estimate (the “Damage Notice”) of the time needed to repair the damage caused by such Casualty. 

10.1 Tenant’s Rights. If a material portion of the Premises is damaged by Casualty such that Tenant is prevented from conducting
its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within 180 days after such Casualty (the “Repair
Period”), or if the restoration and repair of the damage and destruction caused by such Casualty is not substantially completed within 240 days of such Casualty (and such date shall not be extended by a Force Majeure event), or if such damage
occurs during the last year of the Term, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate, in which event this Lease shall terminate as of the date of such Casualty. 

10.2 Landlord’s Rights. If a Casualty damages the Premises or a material portion of the Building and (1) Landlord estimates
that the damage to the Premises cannot be repaired within the Repair Period, (2) the damage to the Premises exceeds 50% of the replacement cost thereof (excluding foundations and footings), as estimated by Landlord, and such damage occurs
during the last year of the Term (subject to Tenant’s extension rights), or (3) Landlord is required to pay any insurance proceeds arising out of the Casualty to Landlord’s mortgagee, then Landlord may terminate this Lease by giving
written notice of its election to terminate within sixty (60) days after the Damage Notice has been delivered to Tenant. 
 10.3
Repair Obligation. If neither party elects to terminate this Lease following a Casualty, then Landlord shall, within a reasonable time after such Casualty, begin to repair and restore the Premises and shall proceed with reasonable diligence
to repair and restore the Premises to substantially the same condition as they existed immediately before such Casualty; however, Landlord shall not be required to repair or replace any Alterations to the Premises made by Tenant or any furniture,
equipment, trade fixtures or personal property of Tenant or others in the Premises or the Building, and Landlord’s obligation to repair or restore the Premises shall be limited to the extent of the insurance proceeds actually received by
Landlord for the Casualty in question. For purposes hereof, the term “proceeds” shall include the deductible amount of any insurance policies maintained by Landlord and any self-insured, uninsured or co-insured portions of the risk of
property loss, it being the intention of the parties that the full replacement cost of any such loss be available to pay for the restoration of the Premises, regardless of whether such amounts are insured by a third party insurance carrier or
self-insured by Landlord. In the event of this Lease is terminated pursuant to any provisions of this Section 10, Rent shall be adjusted as of the date of the Casualty. 

10.4 Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the
damage shall be equitably abated from the date of damage until the earlier to occur of (i) the date Tenant uses the entire Premises for the conduct of its business, and (ii) the ninetieth
(90th) day following the completion of Landlord’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be). 

  
 13 

 11. Condemnation. If all or substantially all (a “total taking”) of the Premises
shall be sold to or taken by any public authority under its power of condemnation or the threat thereof, this Lease shall terminate as of the date possession shall be transferred to the acquiring authority, and the Rent payable hereunder shall be
apportioned accordingly as of the date of the total taking. Upon any taking of less than substantially all of the Premises, except as hereinafter provided, this Lease shall continue in force as to the part of the Premises not taken, and the Rent
payable as of the date of the taking shall be reduced in proportion to the amount of square feet of the Premises taken. If the parties cannot agree upon the reduction in Rent within thirty (30) days after the taking, then the Rent shall be
determined by an independent real estate appraiser or broker jointly selected by Landlord and Tenant. If any part of the Premises becomes subject to a taking and such partial taking will prevent Tenant from conducting on a permanent basis its
business in the Premises in a manner reasonably comparable to that conducted immediately before such taking, then Tenant may terminate this Lease as of the date of such taking by giving written notice to Landlord within thirty (30) days after
the taking, and Rent shall be apportioned as of the date of such taking. In the event of any such partial taking, Landlord, upon receipt and to the extent of the award in condemnation or proceeds of sale, shall, unless this Lease has been
terminated, make necessary repairs and restorations (exclusive of Tenant’s leasehold improvements and Alterations) to restore the Premises remaining to as near its former condition as circumstances will permit. If Landlord fails to complete
such restoration to the Premises and the Building within one hundred eighty (180) days after the date of any taking, then Tenant may terminate this Lease at any time thereafter but prior to the date of such restoration by giving written notice
to Landlord and Base Rent and Additional Rent shall be apportioned as of the date of the termination (subject to any abatement provided for herein). In any event, all damages awarded by or amounts paid by the acquiring authority for any such taking,
whether for the whole or a part of the Premises, shall belong to and be the property of Landlord whether such damages are awarded as compensation for loss of, or diminution in value to, the leasehold or the fee thereof; provided, however, that
Tenant shall have the right to pursue such claim or claims as Tenant may have legally for relocation expenses, interruption of business, the value of any improvements and such other items which do not reduce the award or proceeds of sale payable to
Landlord. Tenant shall not have any claim against Landlord for the value of the unexpired Term hereof. 
 12. Assignment and
Subletting. Except in the case of a Permitted Transfer, Tenant shall not, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed, otherwise assign, pledge, mortgage or otherwise
transfer or encumber this Lease or sublet any part or all of the Premises and shall not permit any use of any part of the Premises by any other party, or any transfer of its interest in the Premises by operation of law (collectively, a
“Transfer”) without obtaining Landlord’s prior written consent. Without waiving Landlord’s right hereunder to declare a default in the event of an assignment of this Lease or a subletting of the Premises or any part thereof or
occupancy of the Premises by anyone other than Tenant, Landlord may collect from the assignee, sublessee or occupant, any rental and other charges herein required, but such collection by Landlord shall not be deemed an acceptance of the assignee,
sublessee or occupancy, nor a release of Tenant from the performance by Tenant of this Lease. Further, Tenant at all times and under all circumstances shall remain liable to Landlord for the payment of all Base Rent and Additional Rent due and to
become due and the performance of all other obligations of Tenant hereunder for the Term hereof. 

  
 14 

 12.1 If Landlord’s consent is required for a Transfer, then Landlord’s consent shall be
deemed to have been given unless Landlord notifies Tenant in writing of the reasons for disapproval within ten (10) Business Days after receipt of Tenant’s written request for consent. In the event Landlord does not consent to a Transfer
by Tenant, Landlord shall provide Tenant with a reasonably detailed written explanation as to the reasons for withholding such consent. 

12.2 Permitted Transfers. Notwithstanding anything contained herein to the contrary, Tenant may Transfer all or part of its
interest in this Lease or all or part of the Premises (a “Permitted Transfer”) to the following types of entities (a “Permitted Transferee”) without the written consent of Landlord: 

(1) an Affiliate of Tenant; 

(2) any corporation, limited partnership, limited liability partnership, limited liability company or other business entity in
which or with which Tenant, or its corporate successors or assigns, is merged, reorganized, or consolidated, in accordance with applicable statutory provisions governing merger, reorganization and consolidation of business entities, so long as
Tenant’s obligations hereunder are assumed by the entity surviving such merger or created by such consolidation, 
 (3)
any corporation, limited partnership, limited liability partnership, limited liability company or other business entity acquiring all or substantially all of Tenant’s stock, assets, equity or other ownership interests, or 

(4) any successor in interest to Tenant as a result of any initial public offering by Tenant or an affiliate, or the sale of
Tenant’s or an affiliate’s stock on a nationally recognized exchange. 
 Permitted Transfers also shall include any
initial public offering by Tenant or an Affiliate, the sale of Tenant’s or an Affiliate’s stock on a nationally recognized exchange, any change or transfer of ownership or similar event in which the acquiring entity is or will be an
affiliate or successor, including without limitation any mergers, or the sale or transfer of all or substantially all of Tenant’s stock or assets to another entity. A Permitted Transfer shall serve to release Tenant of all further liability
under this Lease. If Tenant no longer exists because of a merger, consolidation, or acquisition, the surviving or acquiring entity shall expressly assume in writing the obligations of Tenant hereunder. Tenant shall promptly notify Landlord of any
such Permitted Transfer, but Landlord’s consent shall not be required and Landlord shall have no right to delay, alter, or impede any of the foregoing transactions or combinations thereof. No later than fifteen (15) Business Days after the
effective date of any Permitted Transfer, Tenant agrees to furnish Landlord with (A) copies of the instrument effecting any of the foregoing Transfers, (B) documentation establishing Tenant’s satisfaction of the requirements set forth
above applicable to any such Transfer, and (C) evidence of insurance as required under this Lease with respect to the Permitted Transferee. The occurrence of a Permitted Transfer shall not waive Landlord’s rights as to any subsequent
Transfers. “Affiliate” means any person or entity which, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with the party in question. 

  
 15 

 13. Subordination, Non-Disturbance & Attornment. Tenant’s interest under
this Lease and the leasehold estate hereby created shall be subject and subordinate to the lien of any mortgage or similar lien which Landlord may now or hereafter place upon the Premises and to all of the terms and conditions thereof, all advances
made thereunder, and to any renewals, extensions, modifications or replacements thereof; provided, however, that if the Lease is otherwise in full force and effect and Tenant is not in Default, such mortgagee shall agree that upon any foreclosure or
sale of the Premises pursuant to the exercise of any remedy provided for in the mortgage, this Lease shall not be terminated nor affected by said foreclosure or sale, and the mortgagee shall agree that any foreclosure or sale of the Premises
pursuant to the exercise of any rights and remedies under the mortgage, or otherwise, shall be made subject to this Lease and the right of the Tenant hereunder. Pursuant to the terms of the Subordination, Non-disturbance and Attornment Agreement (as
defined below), Tenant shall, in the event that any proceedings are brought for foreclosure of or in the event that any exercise of the power of sale under any mortgage or similar lien made by Landlord covering the Premises is made, or if Landlord
assigns this Lease, attorn to the Landlord’s successor upon any such foreclosure, sale or assignment, and shall recognize such purchaser or assignee as Landlord under this Lease. The parties hereto agree to execute such documents as may be
reasonably necessary to effectuate this Section 13. 
 13.1 On or before the Commencement Date, or in the event a mortgage is placed of
record prior to a Memorandum of Lease becoming of record, and as a condition precedent to the effectiveness of this Lease, Landlord shall provide to Tenant a commercially reasonable subordination, non-disturbance and attornment agreement
(“Subordination, Non-disturbance and Attornment Agreement”) in favor of Tenant from Landlord’s mortgagee now in existence against the Premises or the Building and as to all advances made or hereafter to be made thereon. The
Subordination, Non-disturbance and Attornment Agreement shall be in recordable form and may be recorded at Tenant’s election and expense. 

13.2 Within twenty (20) Business Days after Tenant’s receipt of a written request from Landlord or any Landlord’s mortgagee,
Tenant shall, in writing, subordinate its rights hereunder to the interest of any future ground lessor of the land and to the future lien of any mortgage recorded against the Premises and/or the Building after this Lease is fully executed by
Landlord and Tenant, and as to all advances made or hereafter to be made thereon, provided, however, that, as a condition precedent to such subordination to such future encumbrance by Tenant, such Landlord’s mortgagee shall execute a
Subordination, Non-disturbance and Attornment Agreement in favor of Tenant in a form acceptable to Tenant. 
 14. Tenant Default. The
term “Default” shall mean the following: if Tenant shall fail to (a) pay the Base Rent and Additional Rent within ten (10) Business Days after the same is due, or (b) perform any of the other covenants or conditions herein
contained on the part of Tenant and such default shall continue for thirty (30) days after written notice thereof shall have been given to Tenant (except that such thirty (30) day period shall be automatically extended for an additional
period of time reasonably necessary to cure such default if such default cannot be 

  
 16 

 
cured within such thirty (30) day period and provided Tenant commences the process of curing such default within said thirty (30) day period and pursues such cure diligently and subject
to extension for delays cause by Force Majeure, Landlord, in accordance with applicable Law, may terminate Tenant’s tenancy and recover possession of and reenter the Premises without accepting a surrender of the Premises or affecting
Tenant’s liability for past Rent and other charges due and other charges to accrue hereunder. In the event of such action, Landlord shall be entitled to recover from Tenant, in addition to Base Rent, Additional Rent and any other charges
equivalent to Rent, all other damages sustained by Landlord on account of the breach of this Lease, including, but not limited to, the costs, expenses and attorney fees incurred by Landlord in enforcing the terms and provisions hereof and in
reentering and recovering possession of the Premises and for the reasonable cost of any necessary repairs, alterations and reasonable fees of any brokers, attorneys, appraisers or other professional engaged in connection with the reletting of the
Premises. 
 14.1 As an alternative, at the election of Landlord, Landlord, in accordance with applicable Law, shall have the right to
declare this Lease terminated and cancelled, without any further rights or obligations on the part of Landlord or Tenant (other than Tenant’s obligation for Rent and other charges due and owing through the date of termination), so that Landlord
may relet the Premises without any right on the part of Tenant to any credit or payment resulting from any reletting of the Premises. 
 14.2
Landlord may also elect, in addition to or in lieu of the above remedies, to accelerate the Base Rent, Additional Rent and any other charges due from Tenant to Landlord hereunder for the remainder of the Term less the then present fair rental value
of the Premises for such period, such amount to be discounted at the rate of eight percent (8%) per annum to their then present worth, all of which amounts shall be immediately due and payable from Tenant to Landlord. 

14.3 Landlord may, in addition to the remedies referenced herein, or in lieu thereof, pursue such other remedy or combination of remedies and
recover such other damages for breach of tenancy and/or contract as available at law or otherwise. 
 14.4 In addition to any remedies
available to it at law or in equity, Landlord may, but shall not be obligated to, perform the same for and on behalf of Tenant, the reasonable cost of which performance, upon the proper payment thereof, together with all interest and penalties
necessarily paid in connection therewith and any and all other damages incurred by Landlord as a result of any such Default, shall be paid to Landlord by Tenant following receipt of written demand and supporting evidence for any reasonable expenses
which Landlord may incur in thus effecting compliance with Tenant’s obligations under this Lease, with interest thereon at the rate set forth in Section 14.6, from the date of each expenditure and/or incurrence. 

14.5 Notwithstanding the foregoing provisions of this Section and regardless of whether an event of Tenant’s Default shall have occurred,
such curative action by Landlord may be taken without any notice if Landlord, in its good faith opinion, reasonably believes: (i) it would be materially injured by failure to take rapid action; or (ii) the condition complained of
constitutes an emergency. 

  
 17 

 14.6 Any amount due from Tenant to Landlord hereunder which is not paid when due shall bear
interest at a floating annual rate equal to two percent (2%) per annum in excess of the prime rate of interest published from time to time in The Wall Street Journal (but in no event shall such rate of interest exceed the maximum rate of
interest permitted to be charged by law) from the date due until paid, compounded monthly, but the payment of such interest shall not excuse or cure any Default by Tenant under this Lease (provided that, on the first two (2) occasions of late
payment of Rent occurring in any Lease Year, such interest shall not accrue unless Tenant fails to pay such delinquency within five (5) Business Days after Landlord gives written notice of such delinquency to Tenant, but on the third and any
subsequent occasion of late payment of Rent occurring in any Lease Year, no such notice from Landlord shall be required for interest to accrue as otherwise provided in this Section). 

14.7 A waiver by either party of a breach or default by the other party under the terms and conditions of this Lease shall not be construed to
be a waiver of any subsequent breach or default nor of any other term or condition of this Lease, and the failure of the non-defaulting party to assert any breach or to declare a default by the other party shall not be construed to constitute a
waiver thereof so long as such breach or default continues unremedied. 
 14.8 Landlord shall be obligated to use commercially reasonable
efforts to mitigate its damages as a result of a Default by Tenant. 
 15. Landlord Default. If Landlord fails to perform or observe
any of the obligations on Landlord’s part to be performed or observed pursuant to this Lease, and such failure continues for thirty (30) days after written notice thereof is sent by Tenant to Landlord informing Landlord of such failure,
then Landlord shall be deemed to be in default under this Lease; provided, however, that if the failure set forth in Tenant’s notice is such that it requires more than thirty (30) days to correct, Landlord shall not be deemed to be in
default hereunder if Landlord: (i) promptly and diligently commences curing the failure within thirty (30) days after written notice is sent by Tenant to Landlord informing Landlord of such failure; and (ii) diligently prosecutes the
cure to completion and subject to extension for delays cause by Force Majeure. Any monetary judgment obtained by Tenant shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levy thereon against the right,
title and interest of Landlord in the Premises and out of rents or other income from such property receivable by Landlord and Landlord shall not be personally liable for any deficiency. If a Landlord default cannot be cured within the time periods
provided for in this Section, Tenant shall have the right to credit any damages resulting therefrom or other claimed amount against any Base Rent, Additional Rent, or other sum then or thereafter due Landlord. 

16. Cumulative Remedies. Any and all remedies set forth in this Lease: (1) shall be in addition to any and all other remedies the
non-defaulting party may have at law or in equity, (2) shall be cumulative, and (3) may be pursued successively or concurrently as the non-defaulting party may elect. The exercise of any remedy by shall not be deemed an election of
remedies or preclude the non-defaulting party from exercising any other remedies in the future. 
 17. Costs and Attorney Fees. Upon
any dispute between Landlord and Tenant under this Lease or any action to enforce or interpret the provisions of this Lease, the prevailing party shall be entitled to recover from the non-prevailing party reasonable attorneys’ fees, taxable
costs and expenses incurred in contesting such dispute or pursuing such action. 

  
 18 

 18. Notices. All notices and demands by any party to any other shall be given in writing
and either personally served, sent by Federal Express or other nationally recognized overnight delivery service or by United States certified mail, return receipt requested, postage prepaid, and addressed as follows: 

 

			
	 IF TO LANDLORD:
	  	 448 W. Madison LLC
 W89812 Lake Lorraine
Road
 Delevan, Wisconsin 53115
 Attention: Carl Trent

 
 With a copy to:
  

Godfrey & Kahn, S.C.
 780 N. Water Street

Milwaukee, WI 53202
 Attention: John A. Dickens

 

	 IF TO TENANT:
	  	 Professional Power Products, Inc.
 c/o Power
Solutions International, Inc.
 101 Mittel Drive
 Wood Dale,
Illinois 60191
 Attention:
                                         
       
  
 With a copy to:

 
 Katten Muchin Rosenman LLP

525 West Monroe Street, Suite 1900
 Chicago, Illinois 60661

Attention: Jeffrey Patt

 Any party may, upon prior written notice to the others, specify a different address for the giving of notice. Notices shall be
effective on the date of personal service or one (1) Business Day after sending if sent by overnight courier or two (2) Business Days after sending if sent by certified mail, return receipt requested. 

19. Termination. Upon the termination of this Lease, by expiration or otherwise, Tenant shall peaceably surrender the Premises to
Landlord in as good condition and repair, excepting ordinary wear and tear, casualty, condemnation, and damage from any cause not required to be repaired or replaced by Tenant. All Equipment, Alterations and other decorations made to the Premises by
Tenant shall remain and be the property of the Landlord unless Landlord shall require Tenant, at Tenant’s expense, to remove any such Alterations or decorations and subject to the terms and conditions of Section 4.3.5., repair the damage
caused by such removal pursuant to and strictly in accordance with Section 7 of this Lease. All furniture, equipment and unattached movable personal property owned by Tenant may (and upon 

  
 19 

 
Landlord’s request shall) be removed from the Premises by Tenant no later than the termination date, and Tenant. subject to the terms and conditions of Section 4.3.5., shall repair any
and all damage caused by such removal. If the Premises are not surrendered upon the termination of this Lease as set forth herein, Tenant shall indemnify Landlord against all actual direct loss or liability resulting from delay by Tenant in so
surrendering the Premises including, without limitation, any claim made by any succeeding tenant founded on such delay. Tenant shall also surrender all keys to the Premises and shall inform Landlord of combinations in any locks, safes and vaults, if
any, in the Premises. 
 20. Quiet Enjoyment. Landlord covenants that, so long as no uncured Default then exists, Tenant shall and may
peaceably hold and enjoy the Premises during the Term of this Lease, without interruption or disturbance from any person. 
 21. Holding
Over. In the event Tenant remains in possession of the Premises after the expiration of this Lease without Landlord’s express written consent, it shall be deemed to be occupying the Premises as a tenant from month-to-month, upon all of the
conditions, provisions and obligations of this Lease insofar as the same are applicable to a month-to-month tenancy; provided, that Base Rent during this month-to-month holdover period shall be one hundred fifty percent (150%) of the Base Rent
applicable during the last month of the Term. 
 22. Transfer by Landlord. In the event of a sale or conveyance by Landlord of the
Premises, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions herein contained, provided that the successor in interest of Landlord assumes in writing Landlord’s obligations hereunder
arising from and after the transfer date, and in such event Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to
the purchaser or grantee, which shall be obligated on this Lease only so long as it is the owner of Landlord’s interest in and to this Lease. 

23. Right of Entry. Provided that the exercise of such rights does not unreasonably interfere with Tenant’s occupancy of the
Premises, and Landlord performs such activities in a manner consistent with Tenant’s reasonable safety and security procedures, Landlord, upon 48 hours prior notice to Tenant (except in an emergency, in which case, only notice as is reasonably
in the circumstances required), shall have the following rights: to enter the Premises to inspect the same; to supply any service to be provided by Landlord hereunder; to show the Premises to prospective purchasers, mortgagees or tenants, provided,
however, that any showings to prospective tenants shall be limited to the last six (6) months of the Term; to post notices of non-responsibility; and to alter, improve, or repair the Premises and any portion of the Building, all without
abatement of Rent except as otherwise provided in this Lease. In such case Landlord may use and maintain scaffolding, pipes, conduits and other necessary structures in and through the Premises where required by the character of the work to be
performed, provided that such work shall not unreasonably interfere, affect or interrupt or interfere with Tenant’s use, business or operations in the Premises or obstruct the visibility or ingress to and egress from the Premises. Except as
otherwise provided in this Lease, Tenant hereby waives any claim for damages for any injury or inconvenience to or interference with Tenant’s business, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned
thereby. In the event of substantial, material or unreasonable interference, Landlord shall first obtain the written consent of Tenant, 

  
 20 

 
which consent shall not be unreasonably withheld, and the Rent shall be abated based on the degree of interference with Tenant as described above. For each of the aforesaid purposes, Landlord
shall at all times have a key with which to unlock all of the doors in, upon, or about the Premises, excluding any vaults and safes or special security areas (which must be designated in advance by Tenant and approved in writing by Landlord), and
Landlord shall have the right to use any and all means which Landlord may deem necessary to open such doors in an emergency. Any entry to the Premises or portions thereof obtained by Landlord by any of such means, or otherwise, shall not be
construed or deemed to be a forcible or unlawful entry into, or a detainer of the Premises, or an eviction, actual or constructive, of Tenant from the Premises or any portion thereof. Landlord shall, however, be liable for any damage or injury to
persons or property caused by any negligent, willful, or wanton act or omission of Landlord, its agents, employees, guests, invitees or contractors resulting from their entry onto or repair or any other work performed on the Premises. Landlord shall
immediately restore the Premises to its condition existing prior to any such entry. 
 24. Estoppel Certificates. From time to time,
either party hereto shall furnish to any party designated by the other, within ten (10) days after request, a statement in writing certifying (a) that this Lease is unmodified and in full force and effect (or if there have been
modifications, specifying the same), and (b) the dates to which the Rent and other charges have been paid, and (c) that, so far as the responding party knows, the other party is not in default under any provisions of this Lease (or if the
responding party knows of any such default, specifying the same) and (d) such other factual matters as the requesting party may reasonably require. It is intended that any such statement may be relied upon by the requesting party or the party
on whose behalf the certificate is being requested. 
 25. Signage. Tenant shall maintain, at Tenant’s sole expense, all
currently existing signage located upon the Premises in good condition and repair. Tenant may modify the existing signage, construct or place additional signs, awnings, marquees, or other structures projecting from the exterior of the Building
without the written consent of Landlord. Any signs placed on the Premises by Tenant shall be the sole expense of Tenant and such signs must comply with all Laws. Tenant shall remove, at Tenant’s sole expense, any signage at the expiration of
the Term of the Lease, including any Option Term(s), or the early termination of the Lease as provided herein. Subject to the terms and conditions of Section 4.3.5, Tenant shall repair, at Tenant’s sole expense, all damage to the Premises
caused by the removal of any of Tenant’s signage. Landlord shall not allow any signage or other advertisements for Landlord or any third party to be placed upon the exterior walls or roof of the Building or upon the Premises without
Tenant’s express written approval, which shall be in Tenant’s sole discretion. During the Term, Landlord shall not remove, block, or otherwise interfere or tamper with Tenant’s signage without Tenant’s prior written consent,
which may be withheld in Tenant’s sole discretion. In the event Landlord does remove Tenant’s signage, Landlord shall be responsible, at its sole cost and expense, for providing professionally prepared temporary signage during any period
of removal (which temporary signage must be approved by Tenant before installation) and for promptly reinstalling Tenant’s signage and repairing any damage to the signage and/or the exterior of the Premises caused by the removal. 

  
 21 

 26. Leasehold Mortgage. 

26.1 Tenant’s Right. Tenant shall have the right to encumber its leasehold interest in the Premises under any Leasehold Mortgage
and to the extent that granting of such Leasehold Mortgage requires the consent of any secured lender of Landlord, Landlord shall undertake all commercially reasonable efforts to obtain such consent. The Leasehold Mortgagee shall have the right to
foreclose upon the leasehold estate pursuant to the terms of the Leasehold Mortgage and if the Leasehold Mortgagee or another third party (“Acquiring Party”) acquires title to the leasehold estate pursuant to a foreclosure sale or a deed
in lieu of foreclosure, said Acquiring Party shall be recognized and considered as the tenant under this Lease and shall have all of the rights and benefits of Tenant hereunder. The Acquiring Party shall not be liable for any act, omission and/or
breach of this Lease by any prior tenant, and the Acquiring Party shall only be liable for obligations under this Lease first arising from and after the date the Acquiring Party acquires the leasehold estate. The Acquiring Party shall have the right
to assign and transfer this Lease without first obtaining Landlord’s consent. Upon any transfer or assignment of this Lease by the Acquiring Party, the Acquiring Party shall be automatically released and discharged from all liability thereafter
accruing under this Lease. As used herein, (i) the term “Leasehold Mortgage” shall mean each and every recorded mortgage, deed of trust, deed to secure debt, collateral assignment of lease or other similar instrument creating a lien
or other encumbrance on any portion of Tenant’s leasehold estate (regardless of the priority thereof, and any modification of any of the terms thereof, including, without limitation, any extension, renewal or refinancing of any indebtedness
secured thereby or any additional advance secured by any Leasehold Mortgage or any additional Leasehold Mortgage given to secure the same; and (ii) the term “Leasehold Mortgagee” shall mean any person which makes or holds any
Leasehold Mortgage, it being understood that Tenant may at any time and from time to time, concurrently or otherwise grant one or more Leasehold Mortgages and each such holder shall be deemed to be a “Leasehold Mortgagee.” Notwithstanding
the foregoing, no party may be deemed a “Leasehold Mortgagee” unless Tenant has provided Landlord written notice stating the name, address for notices and contact person for such party. 

26.2 Bankruptcy of Landlord. Landlord agrees that in any case commenced by or against Landlord under Title 11 of the United States Code
(the “Bankruptcy Code”), if Landlord elects to reject this Lease pursuant to the provisions of the Bankruptcy Code, the rejection will not terminate this Lease but will be treated only as a breach of this Lease by Landlord. Landlord
further agrees that in such bankruptcy case Tenant shall be deemed in possession of the Premises for purposes of Section 365(h) of the Bankruptcy Code, whether Tenant has retained actual occupancy and use, or has by sublease, assignment or
license permitted third parties to occupy and use portions of the Premises; and as a result, upon a rejection of this Lease by Landlord the Tenant shall have the right to elect to remain in possession of the Premises under Section 365(h).
Landlord acknowledges that Leasehold Mortgagee shall have a lien on any rights and interests acquired or retained by Tenant as a result of Landlord’s rejection of this Lease. Landlord further agrees that following rejection of this Lease, if
Tenant assigns to Leasehold Mortgagee or any third party its interest in this Lease or its interest or right to remain in possession of the leasehold under Section 365(h) of the Bankruptcy Code (in accordance with the terms and conditions of
this Lease which permit Tenant to assign its interests thereunder), then such assignee shall have all of the rights of Tenant, and Landlord will not assert that this Lease has been terminated, nor will Landlord otherwise attempt to limit, modify or
prohibit the assignment of such interests. Landlord acknowledges that Leasehold Mortgagee has in such bankruptcy case a power of attorney or other right to act for and on behalf of the Tenant in relation to any proposed rejection

  
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or assumption of this Lease, and as such Leasehold Mortgagee shall have standing to appear and act as a party to this Lease for purposes of Section 365 of the Bankruptcy Code (but Leasehold
Mortgagee shall not have any obligations under this Lease unless Leasehold Mortgagee expressly assumes the same). Landlord shall, during its bankruptcy case, serve on the Leasehold Mortgagee a copy of all notices, pleadings or documents which would
otherwise be given to Tenant, and service shall be contemporaneous with and in the same manner as given to Tenant. 
 26.3 New Lease with
Leasehold Mortgagee. If this Lease or Tenant’s rights thereunder are terminated, whether by reason of default of Tenant or Landlord, rejection of this Lease in any bankruptcy case, voluntary surrender and acceptance, or otherwise, then
Landlord shall give written notice of such termination to Leasehold Mortgagee. Leasehold Mortgagee or its nominee shall have the option, exercisable by written notice to Landlord delivered no later than forty-five days following the date on which
the Leasehold Mortgagee receives Landlord’s notice of termination, to receive from Landlord a new lease (the “New Lease”) of the Premises for the remaining term of this Lease at the rent and on the same terms, covenants and conditions
as this Lease. If Leasehold Mortgagee exercises such option to obtain a New Lease, Leasehold Mortgagee shall pay to Landlord any amounts of money owing to Landlord by Tenant under the terms of this Lease, and Leasehold Mortgagee then shall be
subrogated to the rights of Landlord against Tenant for the same. Leasehold Mortgagee and its nominee shall not be liable for or otherwise required to cure any defaults of Tenant of a nonmonetary nature or any defaults which are personal to Tenant
(such as, for example, any default arising by virtue of any bankruptcy, insolvency or dissolution of Tenant). If Leasehold Mortgagee designates Tenant to enter into the New Lease in accordance with the terms hereof, Tenant and Landlord acknowledge
and agree that Leasehold Mortgagee shall have the right to encumber the New Lease and the estate created thereby with a leasehold mortgage (the “New Mortgage”) on the same terms and conditions as the Leasehold Mortgage, except that the New
Mortgage shall secure a first lien priority on the leasehold interest created by the New Lease. 
 26.4 No Amendment; Termination.
Landlord shall not modify or amend any of the terms or provisions of this Lease, terminate or cancel this Lease, accept a surrender thereof or permit the rights of Tenant under this Lease to be waived, unless the prior written approval of Leasehold
Mortgagee has been obtained. Landlord agrees that no termination, cancellation, surrender, amendment, restatement, modification or subordination of, or waiver of any of Tenant’s rights under, this Lease shall be binding on Leasehold Mortgagee
without its prior written consent. 
 26.5 Personal Property and Subleases Subordinate. Landlord’s interest, if any, in and to
any personal property owned by Tenant and located at the Premises and any subleases entered into by Tenant for all or any portion of the Premises and the rents, issues and profits therefrom are and shall remain subordinate to the lien of the
Leasehold Mortgage. 
 26.6 Sale of Loan. Leasehold Mortgagee may at any time, without Landlord’s consent, sell, assign,
participate or securitize all or any portion of Leasehold Mortgagee’s rights and obligations under the Leasehold Mortgage, and that any such sale, assignment, participation or securitization may be to one or more financial institutions or other
entities, to private investors, and/or into the public securities market, in Leasehold Mortgagee’s sole discretion. The entirety of this Section 26 shall be binding upon Landlord and its successors and assigns and shall inure

  
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to the benefit of Leasehold Mortgagee and its successors and assigns, including, without limitation, each and every owner and holder of the Leasehold Mortgage, each person who, pursuant to
proceedings to enforce the Leasehold Mortgage or conveyance in lieu of such proceedings, may succeed to Tenant’s interest under this Lease, and each person who may thereafter acquire Tenant’s interest under this Lease by purchase or
otherwise. 
 26.7 Leasehold Mortgagee’s Liability. Notwithstanding anything to the contrary contained in this Lease, if
Leasehold Mortgagee or any Acquiring Party shall succeed to the interest of Tenant under this Lease, Leasehold Mortgagee and such Acquiring Party shall have no personal liability as successor to Tenant, and Landlord shall look only to the estate and
property of Leasehold Mortgagee and such Acquiring Party in the Premises or the proceeds thereof for the satisfaction of Landlord’s remedies for the collection of a judgment requiring the payment of money in the event of any default under this
Lease. Notwithstanding anything to the contrary contained in this Lease, Leasehold Mortgagee or any Acquiring Party shall not be liable to Landlord for any liability or obligation of Tenant under this Lease unless and until Leasehold Mortgagee or
such Acquiring Party shall take title to the Premises, and thereafter, upon the assignment, sale or other transfer by Leasehold Mortgagee or such Acquiring Party of its interest as under this Lease, Leasehold Mortgagee and such Acquiring Party shall
be released from liability under this Lease as of the effective date of such assignment, sale or transfer, provided that the assignee agrees to be bound by the terms and conditions of this Lease, as modified hereby. 

26.8 Notice and Cure Rights. Landlord shall provide any and all Leasehold Mortgagees with copies of all notices of breach or default
that are delivered to Tenant contemporaneously with the furnishing of such notices to Tenant. Landlord agrees that no notice given under this Lease shall be effective against any Leasehold Mortgagee unless a copy has been delivered to such Leasehold
Mortgagee in accordance with the terms of this Section 26.8. Landlord shall not take any action to terminate this Lease as a result of said default, provided (a) Leasehold Mortgagee commences action (within sixty (60) days of the
receipt of such notice) (i) to cure (or cause the cure) of) the default or (ii) to foreclose upon the Premises and (b) Leasehold Mortgagee diligently pursues such cure or foreclosure. Landlord acknowledges and agrees that the cure of
certain defaults may require possession or control of the Premises, and the exercise of rights and remedies under the Leasehold Mortgage shall constitute diligent action by Leasehold Mortgagee to cure the default. Any default which by its nature is
incapable of being cured by Leasehold Mortgagee or any other third party who acquires title to the leasehold estate under this Lease pursuant to a foreclosure sale or a deed in lieu of foreclosure shall be waived by Landlord upon such foreclosure or
deed in lieu thereof. Any notice, demand, request, or other instrument given by Landlord to Leasehold Mortgagee shall be delivered to Leasehold Mortgagee at such address as Leasehold Mortgagee may provide to Landlord in writing from time to time.

 27. Miscellaneous. 

27.1 Force Majeure. Other than for Landlord’s or Tenant’s obligations under this Lease that can be performed by the payment of
money (e.g., payment of Rent and maintenance of insurance), whenever a period of time is herein prescribed for action to be taken by either party hereto, such party shall not be liable or responsible for, and there shall be excluded from the
computation of any such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials, war, terrorist acts or activities, governmental laws, regulations, or restrictions, or any other causes of any kind whatsoever
which are beyond the control of such party (individually, and collectively, “Force Majeure”). 

  
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 27.2 Consent. Except where otherwise expressly provided for in this Lease, any consent or
approval required under this Lease, pursuant to the terms of this Lease, may not be unreasonably withheld, conditioned or delayed. 
 27.3
Exhibits and Schedules. All of the exhibits and attachments attached hereto are incorporated herein by this reference. 
 27.4
Landlord Waiver of Lien. Landlord hereby waives any and all lien rights it may have, statutory or otherwise, concerning the personal property or fixtures of Tenant which shall be considered personal property for purposes of this Lease, and
Landlord gives Tenant and any secured lender who holds a lien on any of the asset of Tenant the right to remove all or any portion of the same from time to time, whether before or after a Default by Tenant under this Lease, in Tenant’s and/or
such secured party’s sole discretion and without Landlord’s consent. Notwithstanding the foregoing, at Tenant’s request, Landlord shall execute and deliver to Tenant’s secured lender a commercially reasonable form of Landlord
Waiver whereby Landlord subordinates any security interest or right of distraint in favor of Tenant’s secured lender. 
 27.5
Antenna. Tenant shall have the right to place communications dishes, antennae and related equipment (collectively the “Antenna Equipment”) on the roof of the Building for its own use. Placement of the Antenna Equipment will comply
with all applicable Laws. There shall be no charge to Tenant during the Term or any Extension Terms for the placement of Antenna Equipment. The specific location of the Antenna Equipment, and the plans and specifications for such equipment and its
installation, shall be subject to Landlord’s prior written approval, which shall not be unreasonably withheld, conditioned, or delayed. Tenant shall have unrestricted twenty four (24) hours per day, seven (7) days per week access to
the Antenna Equipment. If the rooftop is secured and not open to access, Landlord shall provide Tenant with the necessary keys or a procedure whereby Tenant can obtain access at any time. Upon vacating the Premises, Tenant shall remove the Antenna
Equipment installed pursuant to this Section and shall restore the roof to substantially its condition prior to installation of the Antenna Equipment described herein, reasonable wear and tear and casualty damage excepted. With Landlord’s
approval as to location and manner of installation, which shall not be unreasonably withheld, conditioned, or delayed, Tenant shall be entitled to install, connect, run, and maintain fiber optic conduits, telephone lines, and other wiring within the
Building which shall be reasonably located so as not materially to interfere with other tenants. Tenant shall also be entitled to upgrade the power supply to the Antenna Equipment. Tenant shall receive any condemnation award related to the Antenna
Equipment installed by Tenant pursuant hereto. Tenant, Landlord, and any other tenant or licensee in the Building operating communications dishes, antennae, or other telecommunications equipment shall (1) operate their equipment within the
technical parameters specified by its manufacturer and/or as defined by the FCC, and (2) shall not use any portion of the Building in any way which causes radio frequency and/or electrical interference with any equipment of another tenant or
licensee operated prior in time to the interfering equipment and in accordance with subsection (1) hereof. In the event of any such interference by Landlord or Tenant, Landlord or Tenant shall terminate the interference (as applicable). In the
event the interference is caused by Landlord’s tenants or licensees, Landlord shall use its best efforts to cause such interference be terminated. Tenant shall also have the right to place Antenna Equipment within the Premises. 

  
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 27.6 Limitation of Liability. The liability of Landlord (and its partners, shareholders or
members) to Tenant (or any person or entity claiming by, through or under Tenant) for any default by Landlord under the terms of this Lease or any matter relating to or arising out of the occupancy or use of the Premises and/or other areas of the
Building shall be limited to Tenant’s actual direct, but not consequential, damages therefor and shall be recoverable only from the equity interest of Landlord in the Premises, and Landlord (and its partners, shareholders or members) shall not
be personally liable for any deficiency. The liability of Tenant (and its partners, shareholders or members) to Landlord (or any person or entity claiming by, through or under Landlord) for any default by Tenant under the terms of this Lease or any
matter relating to or arising out of the occupancy or use of the Premises and/or other areas of the Building shall be limited to Landlord’s actual direct, but not consequential, damages therefor, and Tenant (and its partners, shareholders or
members) shall not be personally liable for any deficiency 
 27.7 Binding Effect. The covenants, agreements and obligations herein
contained, except as herein otherwise specifically provided, shall extend to, bind and inure to the benefit of the parties hereto and their respective personal representatives, heirs, successors and assigns (but in the case of assigns only to the
extent that assignment is permitted hereunder). No third party, other than such successors and assigns, shall be entitled to enforce any or all of the terms of this Lease or shall have rights hereunder whatsoever. 

27.8 Execution; Entire Agreement. The submission of this document for examination does not constitute an offer to lease, or a
reservation of, or option for, the Premises and this document becomes effective and binding only upon the execution and delivery hereof by both Landlord and Tenant. This Lease and the exhibits, if any, attached hereto and forming a part hereof, set
forth all the covenants, promises, agreements, conditions and understandings between Landlord and Tenant concerning the Premises and there are no covenants, promises, agreements, conditions or understandings, either oral or written, between them
other than are set forth herein. Tenant confirms that Landlord has made no representations, warranties or promises with respect to the Premises or the making or entry into of this Lease except as are expressly set forth herein, and agrees that no
claim or liability shall be asserted by Tenant against Landlord for, and Landlord shall not be liable by reason of, breach of any representations, warranties or promises not expressly stated in this Lease. This Lease can be modified or altered only
by agreement in writing between Landlord and Tenant. 
 27.9 Interpretation. This Lease shall be governed, construed and enforced in
accordance with the laws of the State of Wisconsin. The invalidity or unenforceability of any provision of this Lease shall not affect or impair any other provision. If any provision of this Lease or the application thereof to any person or
circumstances shall, to any extent be invalid or unenforceable, the remainder of this Lease shall not be affected thereby and each provision of this Lease shall be valid and enforceable to the fullest extent permitted by Law. There are no covenants,
promises, agreements, conditions or understandings, either oral or written, between the parties other than are herein set forth. This Lease shall not be construed in favor of either Landlord or Tenant regardless of who prepared this Lease. 

  
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 27.10 Corporate Authority. If Tenant is an entity, the individuals executing this Lease on
behalf of Tenant each warrant and represent that Tenant is a duly constituted entity organized under and in good standing under the laws of the State of Illinois; that Tenant is in good standing as a foreign corporation in the State of Wisconsin;
that the persons executing and delivering this Lease on behalf of Tenant are duly authorized by Tenant to execute and deliver this Lease on behalf of Tenant; and that all necessary actions have been taken which are necessary to authorize and approve
this Lease and to authorize the signatory hereto to execute and deliver the same and bind Tenant to the terms and provisions hereof. If Landlord is an entity, the individuals executing this Lease on behalf of Landlord each warrant and represent that
Landlord is a duly constituted entity organized under and in good standing under the laws of the State of Wisconsin; that Landlord is in good standing as a corporation in the State of Wisconsin; that the persons executing and delivering this Lease
on behalf of Landlord are duly authorized by Landlord to execute and deliver this Lease on behalf of Landlord; and that all necessary actions have been taken which are necessary to authorize and approve this Lease and to authorize the signatory
hereto to execute and deliver the same and bind Landlord to the terms and provisions hereof. 
 27.11 Waivers. One or more waivers of
any covenant or condition by either party shall not be construed as a waiver of a subsequent breach of the same covenant or condition. 

27.12 Memorandum of Lease. Landlord and Tenant shall, upon request of either party, execute a commercially reasonable short form or
memorandum of lease, in recordable form, evidencing the existence of this Lease. 
 27.13 Counterparts. This Lease may be executed in
two or more counterparts, each of which shall be deemed an original. 
 [Signature page follows.] 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Lease effective as of the date first above written. 

 

			
	LANDLORD:
	
	448 W. MADISON LLC
		
	By:	 	 /s/ Carl Trent

		 	Carl Trent, sole member
	
	TENANT:
	
	PROFESSIONAL POWER PRODUCTS, INC.
		
	By:	 	 /s/ Kenneth C. Trent

	Name:	 	Kenneth C. Trent
	Its:	 	Chief Operating Officer/Secretary

 EXHIBIT A 

DESCRIPTION OF REAL PROPERTY 
 PARCEL 1:

 Lot 14 of Darien Business Park - Plat 2 as recorded in Cabinet C, Slide 32 as Document No. 418992, Village of Darien, Walworth County, Wisconsin. 

EXCEPTING THEREFROM all that portion thereof as set forth in a Warranty Deed from Carl L. Trent to the State of Wisconsin, Department of Transportation,
recorded September 11, 2006 as Document No. 687760, and being more fully described as: 
 Parcel 6 of Transportation Project Plat
3150-02-20-4.04 recorded in Volume D, of Transportation Project Plats, Page 47, as Document Number 677534, on 5/25/2006 in Walworth County Office of the Register of Deeds. 

Tax Key No: QDBP2 00002 
 PARCEL 2: 

Lot 10 of Darien Business Park as recorded in Cabinet C, Slide 5 as Document No. 370562, Village of Darien, Walworth County, Wisconsin, 

EXCEPTING THEREFROM all that portion thereof as is set forth in a Warranty Deed from Gerald W. Pelishek to the State of Wisconsin, Department of
Transportation recorded as Document No. 685766 and being more fully described as: 
 Parcel 9 of Transportation Project Plat 3150-02-20-4.05
recorded in Volume D of Transportation Project Plats, Page 48 (Slide) as Document No. 677535 on May 25, 2006 in the Walworth County office of the Register of Deeds; also described as: part of Lot 10 of Darien Business Park, a recorded plat, located
in the Southwest 1/4 of the Northwest 1/4 of Section 27, T2N, R15E, Village of Darien, Walworth County, Wisconsin. 
 Tax Key No: QDBP 00010 

  
 A-1

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