Document:

2007 Performance Bonus Award Program.

 Exhibit 10.40 
 GOODMAN GLOBAL, INC. 
 2007 PERFORMANCE BONUS AWARD PROGRAM 
 The Goodman Global, Inc. 2007 Performance Bonus Award Program has been established by the Compensation Committee of the Board of Directors of Goodman
Global, Inc. to grant eligible employees annual performance bonus awards pursuant to Section 8.7 and Article 9 of the Goodman Global, Inc. 2006 Incentive Award Plan. The Program will be effective for calendar year 2007 and for each
subsequent calendar year unless modified or terminated by the Compensation Committee or the Board of Directors. 
 1. Definitions. The
following terms when used in the Program with initial capital letters will have the following meanings: 
 (a) Affiliate means, with
respect to any individual or entity (a “Person”), any other Person directly or indirectly controlling, controlled by, or under common control with, such Person, where “control” has the meaning given such term under Rule 405 of
the Securities Act of 1933, as amended. 
 (b) Board means the Board of Directors of the Company. 
 (c) Cause means the Company or a Subsidiary having “Cause” to terminate a Participant’s employment, as defined in any employment,
severance or other written agreement between the Participant and the Company or an Affiliate; provided that in the absence of an employment, severance or other written agreement containing such a definition, the Company or a Subsidiary will
have “Cause” to terminate the Participant’s employment upon: (i) the Participant’s willful failure to substantially perform his or her duties as set forth in any employment or severance agreement or otherwise (other than any
such failure resulting from the Participant’s Disability) which is not remedied within 30 days after receipt of written notice from the Company specifying such failure; (ii) the Participant’s willful failure to carry out, or comply
with, in any material respect any lawful and reasonable directive of the Board or his or her superiors, which is not remedied within 30 days after receipt of written notice from the Company specifying such failure; (iii) the Participant’s
commission at any time of any act or omission that results in, or that may reasonably be expected to result in, a conviction, plea of no contest or imposition of unadjudicated probation for any felony or crime involving moral turpitude;
(iv) the Participant’s unlawful use (including being under the influence) or possession of illegal drugs on the Company’s premises or while performing the Participant’s duties and responsibilities; or (v) the
Participant’s commission at any time of any act of fraud, embezzlement, misappropriation, material misconduct, or breach of fiduciary duty against the Company (or any predecessor thereto or successor thereof). 
 (d) Change in Control has the meaning set forth in the Incentive Award Plan. 
 (e) Committee means the Compensation Committee of the Board. 
 (f) Company means Goodman Global, Inc., a Delaware corporation. 

 (g) Disability means “Disability” as defined in any employment or severance agreement
between a Participant and the Company or a Subsidiary; provided that in the absence of an employment or severance agreement containing such a definition, “Disability” will mean the Participant’s inability to perform, with or
without reasonable accommodation, the essential functions of the Participant’s position for a total of three months during any six month period as a result of incapacity due to mental or physical illness as determined by a physician selected by
the Company or its insurers and acceptable to the Participant or the Participant’s legal representative, such agreement as to acceptability not to be unreasonably withheld or delayed. 
 (h) EBITDA means earnings before interest, taxes, depreciation and amortization determined in accordance with generally accepted accounting
principles except that gains or losses from extraordinary, unusual or nonrecurring items may be excluded in the discretion of the Committee. 
 (i) Enterprise EBITDA for a given period means the consolidated EBITDA of the Company and all of its Subsidiaries as reflected on the Company’s audited consolidated financial statements for such period. 
 (j) Good Reason means a Participant having “Good Reason” to terminate his or her
employment, as defined in any employment, severance or other written agreement between the Participant and the Company or an Affiliate; provided that in the absence of an employment, severance or other written agreement containing such a
definition, the Participant will have “Good Reason” to terminate his or her employment upon the occurrence of any of the following: (i) the failure of the Company or its shareholders to continue the Participant in that position, or
any other substantially similar position, as he or she holds as of the date of the adoption of the Program; (ii) a material diminution in the nature or scope of the Participant’s responsibilities, duties or authority; (iii) the
failure of the Company to make any material payment or provide any material benefit under any employment or severance agreement; or (iv) the Company’s material breach of any employment or severance agreement or any option agreement;
provided that notwithstanding the foregoing, the Participant may not resign his or her employment for Good Reason unless: (A) the Participant provides the Company with at least 30 days prior written notice of his or her intent to resign
for Good Reason (which notice is provided not later than the 30th day following the occurrence of the event
constituting Good Reason) and (B) the Company has not remedied the alleged violation(s) within such 30-day period. 
 (k) Incentive
Award Plan means the Goodman Global, Inc. 2006 Incentive Award Plan, as amended from time to time. 
 (l) Participant means an
officer or other key employee of the Company or any Subsidiary who is designated by the Committee as eligible to receive a performance bonus under the Program. 
 (m) Program means the Goodman Global, Inc. 2007 Performance Bonus Award Program as amended from time to time. 
 (n) Quietflex EBITDA means the EBITDA of Quietflex Manufacturing Company, L.P., a Texas limited partnership. 
  

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 (o) Quietflex Participant means a Participant who is an officer or key employee of Quietflex
Manufacturing Company, L.P., a Texas limited partnership. 
 (p) Subsidiary means (i) any corporation of which more than 50% of
the total combined voting power of all outstanding shares of stock is owned directly or indirectly by the Company, (ii) any partnership of which more than 50% of the profits interest or capital interest is owned directly or indirectly by the
Company and (iii) any other entity of which more than 50% of the total equity interest is owned directly or indirectly by the Company. 
 (q) Termination of Employment means the time when the employee-employer relationship between a Participant and the Company (and all of its Subsidiaries or Affiliates) is terminated for any reason, with or without cause, including,
but not by way of limitation, a termination by resignation, discharge, death or retirement, but excluding a termination where there is a simultaneous reemployment by the Company (or one of its Subsidiaries or Affiliates). 
 2. Participation. The Committee will designate the officers and key employees of the Company and its Subsidiaries who are eligible to participate
in the Program for a calendar year. An officer or key employee who is designated as a Participant for a calendar year will not be eligible to participate in the Program for any subsequent calendar year unless designated as a Participant by the
Committee for such subsequent calendar year. 
 3. Performance Bonuses. 
 (a) Performance Goals. No later than 90 days after the first day of each calendar year, the Committee will establish performance goals expressed as
dollar amounts of Enterprise EBITDA to be earned during the calendar year. The Committee will establish five levels of performance goals (Threshold, Target, Target Plus/Max, Superior and Excellence) with increasing dollar amounts of Enterprise
EBITDA to be earned in order the achieve the specified performance goal. The Committee may, in its discretion, establish similar, but separate, performance goals based on Quietflex EBITDA, or on a blend of Enterprise EBITDA and Quietflex EBITDA, on
which the incentive compensation to be paid to Quietflex Participants will be based in whole or in part. 
 (b) Performance Bonus
Levels. No later than 90 days after the first day of each calendar year, the Committee will also establish the amount of performance bonuses, expressed as a percentage of average base salary in effect during the calendar year, to be paid to
Participants upon the attainment of each level of performance. The rate of performance bonus to be earned by a Participant may vary with the Participant’s management level, and Participants at specified management levels may not be eligible for
a performance bonus at all levels of performance. If separate performance goals are established for Quietflex Participants, the Committee will allocate the incentive compensation to be earned by Quietflex Participants between the attainment of goals
based on Enterprise EBITDA and the attainment of goals based on Quietflex EBITDA in such proportions as the Committee in its discretion deems appropriate. Unless otherwise determined by the Committee, the attainment of performance goals by Quietflex
Participants will be based on a blend of Enterprise EBITDA and Quietflex EBITDA that is weighted approximately 30% towards Enterprise EBITDA and approximately 70% 

  

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towards Quietflex EBITDA. With respect to all Participants other than Quietflex Participants, incentive compensation will be earned based on the attainment
of goals measured solely by Enterprise EBITDA. 
 (c) Payment of Performance Bonuses. 
 (i) As of October 31 of each calendar year, the Committee will estimate the Enterprise EBITDA and, if applicable, the Quietflex
EBITDA, for the calendar year based on the performance of the Company and its Subsidiaries through such date and such other factors as the Committee determines to be relevant. On or before November 30 of the calendar year, the Company will pay
to each Participant an amount equal to 50% of the performance bonus the Participant would earn for the calendar year if the Company and its Subsidiaries achieved the Enterprise EBITDA and, if applicable, the Quietflex EBITDA estimated by the
Committee; provided that for purposes of this Section 3(c)(i), any EBITDA estimated by the Committee in excess of the Target Plus/Max level of performance will be disregarded. 
 (ii) Following the close of each calendar year, the Committee will determine the Enterprise EBITDA and, if applicable, the Quietflex
EBITDA, for the calendar year and the performance bonuses earned by Participants for the calendar year based on such EBITDA. On or before March 15 of the year following the calendar year for which such EBITDA is being determined, the Company
will pay to each Participant an amount equal to the difference, if any, of (A) 100% of the performance bonus the Participant has earned for the calendar year based on the levels of Enterprise EBITDA and, if applicable, the Quietflex EBITDA,
achieved for the calendar year, as determined by the Committee, reduced by (B) the amount of performance bonus paid to the Participant under Section 3(c)(i) based on estimated EBITDA for the calendar year. Under no circumstances will a
Participant be obligated to repay to the Company or any Subsidiary any amount paid to the Participant under Section 3(c)(i) because the calculation set forth in this Section 3(c)(ii) results in a number that is less than one. 

(iii) If the EBITDA determined by the Committee under Section 3(c)(i) or Section 3(c)(ii) is less than the Threshold level of
performance, no Participant will be entitled to the payment of a performance bonus under Section 3(c)(i) or Section 3(c)(ii), as applicable. If the EBITDA determined by the Committee is greater than the Threshold or Target level of
performance but is less than the next higher level of performance, the amount of performance bonuses payable to Participants under Section 3(c)(i) or Section 3(c)(ii) will be interpolated to reflect the level of performance between the two
goals. If the EBITDA determined by the Committee is greater than the Target Plus/Max or the Superior level of performance but less than the next higher level of performance, or is greater than the Excellence level of performance, (A) no
additional performance bonuses will be paid to Participants under Section 3(c)(i) for estimated performance above the Target Plus/Max level of performance and (B) the amount of performance bonus payable under Section 3(c)(ii) to
Participants for actual performance for the calendar year above the Target Plus/Max, Superior or Excellence level of performance will be determined by the Committee in its discretion. 
  

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 (iv) If a Participant becomes eligible to participate in the Program for a calendar year
as of any date after the first day of such year, the amount of performance bonus payable to such Participant will be based on the criteria established by the Committee for the calendar year and will be pro rated on the basis of the number of days in
the calendar year in which he or she was a Participant. 
 (v) Notwithstanding any other provision of the Program, the Chief
Executive Officer of the Company has the discretion to pay to some or all of the Participants (other than the Chief Executive Officer or a Covered Employee within the meaning of the Incentive Award Plan) for a calendar year performance bonus in an
aggregate amount not to exceed $750,000 without regard to the Enterprise EBITDA or Quietflex EBITDA for such year and to allocate the amount of such performance bonus among such Participants as the Chief Executive Officer determines in his or her
discretion. 
 4. Adjustments to Performance Goals. The performance goals established by the Committee for each calendar year are
based upon certain revenue and expense assumptions about the future business of the Company as of the date the goal is established. Accordingly, in the event that, after such date, the Committee determines, in its sole discretion in consultation
with the Company’s Chief Executive Officer, that any acquisition or disposition of any business by the Company or any dividend or other distribution (whether in the form of cash, common stock, other securities, or other property),
recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of common stock or other securities of the Company, issuance of warrants or other
rights to purchase common stock or other securities of the Company, any unusual or nonrecurring transaction or events affecting the Company, or the financial statements of the Company, or change in applicable laws, regulations, or accounting
principles occurs such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution, diminution or enlargement of the performance bonus or potential performance bonus intended to be made available under the
Program, then the Committee will, in good faith and in such manner as it deems equitable, adjust the performance goals to reflect the projected effect of such transaction(s) or event(s) on EBITDA. 
 5. Termination of Employment. 
 (a)
Termination for Cause; Without Good Reason. Notwithstanding any other provision of the Program, in the event of a Participant’s Termination of Employment on or before October 31 or December 31 of a calendar year (each, a
“Calculation Date”) either (i) by the Company or any Subsidiary for Cause or (ii) by resignation of the Participant without Good Reason, the Participant will not be entitled to a performance bonus under the Program. 

(b) Termination for Other Reasons. Notwithstanding any other provision of the Program, in the event of a Participant’s Termination of
Employment on or before a Calculation Date (i) by the Company or any Subsidiary without Cause or (ii) by resignation of the Participant with Good Reason or (iii) by reason of the death or Disability of the Participant, the total
amount of performance bonus payable to such Participant for the calendar year under Section 3(c) (taking into account any performance bonus payment made before such termination 

  

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of employment) will be pro rated on the basis of the number of days in the calendar year ending on the date of the Participant’s Termination of
Employment. For purposes of this Section 5(b), any payment to be made by reason of the death of the Participant will be made to the Participant’s surviving spouse, if any, and if none, to the Participant’s estate. 
 6. Change in Control. In the event of a Change in Control, each Participant for the calendar year in which the Change in Control occurs will be
entitled to a performance bonus for the calendar year determined as if the Company and its Subsidiaries achieved the EBITDA goals for the year at the greater of the Target level of performance or the actual level of performance applicable to the
Participant’s management level at the time of the Change in Control and will be prorated to the extent provided in Section 5 for any Participant whose Termination of Employment occurs during the calendar year but prior to the date of the
Change in Control. Such performance bonus will be paid to Participants no later than 30 days after the Change in Control occurs. 
 7.
Administration of the Program. The Committee will administer the Program as part of the Incentive Award Plan and will have all of the duties, authority and responsibility set forth in the article of the Incentive Award Plan captioned
“Administration”. 
 8. Amendment and Termination. The Program may be amended or terminated at any time by the Committee or
the Board. No action taken by the Committee or by the Board to amend or terminate the Program will have the effect of decreasing the amount of performance bonus otherwise payable to a Participant for the calendar year in which such amendment or
termination is effective. 
 9. Relationship to Incentive Award Plan. Except as otherwise expressly set forth in this document, the
Program will be subject to the terms and provisions of the Incentive Award Plan. 
 Adopted by the Board of Directors on February 27, 2007. 

 

 -6-Form of Indemnification Agreement.

 Exhibit 10.41 
 GOODMAN GLOBAL, INC. 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (“Agreement”) is effective as of
[            ], 20     by and between GOODMAN GLOBAL, INC., a Delaware corporation (the “Company”), and
[                    ] (“Indemnitee”). 
 WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company and its related entities; 
 WHEREAS, Indemnitee is a director and/or an officer of the Company; 
 WHEREAS, in order to induce Indemnitee to continue to provide services to the Company, the Company wishes to provide for the indemnification of, and the advancement of expenses to, Indemnitee to the maximum extent
permitted by law; 
 WHEREAS, the Amended and Restated Certificate of Incorporation of the Company (the “Charter”) provides
for the indemnification of the Company’s officers, directors, agents, and employees to the maximum extent authorized by law; 
 WHEREAS,
the Charter and Section 145 of the Delaware General Corporation Law (the “DGCL”), by their non-exclusive nature, permit contracts between the Company and the members of its Board of Directors, its officers and its employees;

 WHEREAS, the Bylaws of the Company (the “Bylaws”) provide certain indemnification rights to the officers, directors,
employees and agents of the Company, and its officers and directors have relied on this assurance of indemnification, as provided by the DGCL; 
 WHEREAS, the Company and Indemnitee recognize the continued difficulty in obtaining and maintaining liability insurance for the Company’s directors, officers, employees, agents and fiduciaries, the significant increases in the cost of
such insurance and the general reductions in the coverage of such insurance; 
 WHEREAS, the Company and Indemnitee further recognize the
substantial increase in corporate litigation in general, subjecting directors, officers, employees, agents and fiduciaries to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely
limited; 
 WHEREAS, in recognition of Indemnitee’s need for substantial protection against personal liability in order to enhance
Indemnitee’s continued service to the Company in an effective manner, the continuing difficulty in obtaining and maintaining liability insurance coverage, and Indemnitee’s reliance on assurance of indemnification, the Company wishes to
provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent permitted by the Charter, the Bylaws and the DGCL (whether partial or complete) and as set forth in this Agreement, and, to the
extent insurance is maintained, for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies; and 

 WHEREAS, in view of the considerations set forth above and Indemnitee’s continuing to serve as a
director and/or officer of the Company, the Company desires that Indemnitee shall be indemnified and advanced expenses by the Company as set forth herein; 
 NOW, THEREFORE, the Company and Indemnitee hereby agree as set forth below. 
 1. Certain Definitions.

 (a) “Board of Directors” shall mean the Board of Directors of the Company. 
 (b) “Change of Control” shall mean: 
 (1) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) (each a “Person”) (other than any
employee benefit plan (or related trust) of the Company) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 15% or more of either (i) the then outstanding shares of
common stock of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding Voting Securities (the “Outstanding Company Voting Securities”);
provided, however, for as long as Frio Holdings LLC and its affiliates beneficially own 15% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, such ownership or any acquisition or disposition of
such securities shall not be deemed a Change of Control hereunder; or 
 (2) individuals who, as of the date hereof, constitute the Board of
Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies of consents by or on behalf of a Person other than the Board of Directors; or 
 (3) consummation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) the Persons who were the beneficial
owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination, respectively, beneficially own, directly or indirectly, more than 50% of the then outstanding shares of common
stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, respectively, of the corporation resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately
prior to such Business Combination of the Outstanding Company Common Stock 

  

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and Outstanding Company Voting Securities, respectively, (ii) no Person (excluding any corporation resulting from such Business Combination or any
employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 15% or more of, respectively, the then outstanding shares of common stock of the
corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination, and (iii) at
least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board of
Directors, providing for such Business Combination; or 
 (4) approval by the stockholders of a complete liquidation or dissolution of the
Company. 
 (c) “Claim” shall mean, with respect to a Covered Event, any threatened, pending or completed action, suit,
proceeding or alternative dispute resolution mechanism, whether instituted by the Company or any other party, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit,
proceeding or alternative dispute resolution mechanism, whether civil (including intentional and unintentional tort claims), criminal, administrative, investigative or other. 
 (d) “Covered Event” shall mean any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee,
consultant, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, consultant, trustee, agent or fiduciary of another corporation, partnership, joint
venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity. 
 (e)
“Disinterested Director” shall mean a director of the Company who is not and was not a party to the matter in respect of which indemnification is sought by the Indemnitee. 
 (f) “Expenses” shall mean any and all expenses (including attorneys’ fees and all other reasonable costs, expenses and obligations
paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, to be a witness in or to participate in, any action, suit, proceeding, alternative dispute resolution
mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld or delayed), actually paid or
incurred, of any Claim, all interest, assessments and other charges paid or payable in connection therewith or in respect thereof, and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt
of any payments under this Agreement. 
 (g) “Expense Advance” shall mean, pursuant to Section 3, a payment to
Indemnitee of Expenses in advance of the settlement or final judgment of a Claim. 
  

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 (h) “Independent Legal Counsel” shall mean a law firm, a member of a law firm or an
independent practitioner that is experienced in matters of corporate law and shall include any person who, under the applicable standards of professional conduct then prevailing, would not have a conflict of interest in representing either the
Company or the Indemnitee in an action to determine the Indemnitee’s rights under this agreement. 
 (i) References to “other
enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of
the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee
benefit plan, its participants or its beneficiaries. 
 (j) “Reviewing Party” shall mean, subject to the provisions of
Section 2(d), any person or body appointed by the Board of Directors in accordance with applicable law to review the Company’s obligations hereunder and under applicable law, which may include a member or members of the Board of
Directors, Independent Legal Counsel or any other person or body not a party to the particular Claim for which Indemnitee is seeking indemnification. 
 (k) “Section” refers to a section of this Agreement unless otherwise indicated. 
 (l)
“Voting Securities” shall mean any securities of the Company that vote generally in the election of directors. 
 2.
Indemnification. 
 (a) Indemnification of Expenses. Subject to the provisions of Section 2(b), the Company shall
indemnify Indemnitee for Expenses to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any Claim (by
reason of or arising in part out of a Covered Event), including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses. 
 (b) Review of Indemnification Obligations. Notwithstanding the foregoing, in the event any Reviewing Party shall have determined pursuant to a
written legal opinion that Indemnitee is not entitled to be indemnified hereunder under applicable law, (i) the Company shall have no further obligation under Section 2(a) to make any payments to Indemnitee not made prior to such
determination by such Reviewing Party, and (ii) the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all Expenses theretofore paid in indemnifying Indemnitee; provided,
however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee is entitled to be indemnified hereunder under applicable law, any determination
made by any Reviewing Party that Indemnitee is not entitled to be indemnified hereunder under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expenses theretofore paid in indemnifying
Indemnitee until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitee’s obligation to reimburse the Company for any Expenses shall be unsecured and no
interest shall be charged thereon. 
  

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 (c) Indemnitee Rights on Unfavorable Determination, Binding Effect. If any Reviewing Party
determines that Indemnitee substantively is not entitled to be indemnified hereunder in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any
such determination by such Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and, subject to the provisions of Section 17, the Company hereby consents to service of process and to appear in any such
proceeding. Absent such litigation, any determination by any Reviewing Party shall be conclusive and binding on the Company and Indemnitee. 
 (d) Selection of Reviewing Party; Change of Control. If requested by Indemnitee, Independent Legal Counsel shall be the Reviewing Party with respect to all matters thereafter arising concerning the rights of Indemnitee to
indemnification of Expenses under this Agreement or any other agreement or under the Charter or the Bylaws, as now or hereafter in effect, or under any other applicable law. If no such request is made by Indemnitee, any Reviewing Party shall be
selected by (i) the Board of Directors, by a majority vote of a quorum consisting of Disinterested Directors, or (ii) if a quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable,
such quorum of Disinterested Directors so directs, by Independent Legal Counsel in writing to the Board of Directors, a copy of which shall be delivered to the Indemnitee. In the event the Reviewing Party shall be Independent Legal Counsel at the
request of the Indemnitee, the Independent Legal Counsel shall be selected by the Board of Directors unless a Change of Control shall have occurred prior to the date of the commencement of the action, suit or proceeding for which indemnification is
claimed, in which case the Independent Legal Counsel shall be selected by the Indemnitee and approved by the Company (which approval shall not be unreasonably withheld or delayed) unless the claimant shall request that such selection be made by the
Board of Directors. Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be entitled to be indemnified hereunder under applicable law and the Company
agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities
and damages arising out of or relating to this Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in
connection with all matters concerning a single Indemnitee. 
 (e) Mandatory Payment of Expenses. Notwithstanding any other provision
of this Agreement other than Section 10, to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in defense of any Claim, Indemnitee shall
be indemnified against all Expenses incurred by Indemnitee in connection therewith. 
 (f) Additional Expenses. Notwithstanding any
other provision of this Agreement other than Section 10 and Section 15, the Indemnitee shall be indemnified against all Expenses and, if requested by the Indemnitee, advance payment of such Expenses, which are 

  

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incurred by the Indemnitee in connection with any action brought by the Indemnitee for (a) indemnification or advance payment of Expenses by the Company
under this Agreement or any other agreement of the Company now or hereafter in effect relating to Claims for Covered Events or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company,
regardless of whether the Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be. 
 3. Expense Advances. 
 (a) Obligation to Make Expense Advances. Upon receipt of a written
undertaking by or on behalf of the Indemnitee to repay such amounts if it shall ultimately be determined that the Indemnitee is not entitled to be indemnified therefor by the Company, the Company shall make Expense Advances to Indemnitee.

 (b) Form of Undertaking. Any written undertaking by the Indemnitee to repay any Expense Advances hereunder shall be unsecured,
shall not require any guarantee from any other Person and no interest shall be charged thereon. 
 (c) Determination of Reasonable Expense
Advances. The parties agree that for the purposes of any Expense Advance for which Indemnitee has made written demand to the Company in accordance with this Agreement, all Expenses included in such Expense Advance that are represented by
Indemnitee’s counsel as being reasonable shall be presumed conclusively to be reasonable. 
 4. Procedures for Indemnification and
Expense Advances. 
 (a) Timing of Payment. All payments of Expenses (including, without limitation, Expense Advances) by the
Company to the Indemnitee pursuant to this Agreement shall be made to the fullest extent permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than thirty
(30) days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, including the advance payment of Expenses under Section 2(f), which shall be made no later than two
(2) business days after such written demand by Indemnitee is presented to the Company. 
 (b) Notice/Cooperation by Indemnitee.
Indemnitee shall promptly give the Company notice in writing of any Claim made against Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the Company shall be directed to the General Counsel of the Company
at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee); provided, however, that the failure to promptly give the Company notice in writing shall not
relieve it from any liability that it may have under this Agreement, except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure. In addition, Indemnitee shall reasonably
cooperate with the Company and shall give the Company such information as it may reasonably require. 
 (c) No Presumptions, Burden of
Proof. 
  

 6 

 (1) In making a determination with respect to entitlement to indemnification hereunder, the Reviewing
Party shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 2(a), and the Company shall have the burden of proof to overcome
that presumption. Neither the failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the
circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a
defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (2) If the Reviewing Party
is selected by the Board of Directors and such Reviewing Party shall not have made a determination within thirty (30) days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall
be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is expressly prohibited under applicable law; provided, however, that such 30-day period
may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the Reviewing Party requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto. 
 (3) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the
records or books of account of the Company, including financial statements, or on information supplied to Indemnitee by the other officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or on
information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected by the Company. The provisions of this Section 4(c)(3) shall not be deemed to be
exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement. 
 (4) For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction,
or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted
by this Agreement or applicable law. 
 (d) Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim
pursuant to Section 4(b), the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Claim in accordance with the terms of such policies.

  

 7 

 (e) Selection of Counsel. In the event the Company shall be obligated hereunder to provide
indemnification for or make any Expense Advances with respect to the Expenses of any Claim, the Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee (which approval shall not be
unreasonably withheld or delayed) upon the delivery to Indemnitee of written notice of the Company’s election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall have the
right to employ Indemnitee’s separate counsel in any such Claim at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall
have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company shall not continue to retain such counsel to defend such Claim, then the fees and
expenses of Indemnitee’s separate counsel shall be Expenses for which Indemnitee may receive indemnification or Expense Advances hereunder. 
 (f) Settlement by Company. The Company shall be permitted to settle any action, except that it shall not settle any action or claim in any manner which may impose any penalty or limitation or constitute any admission of wrongdoing or
which may compromise, or may adversely effect, the defense of the Indemnitee in any other proceeding, whether civil or criminal, without Indemnitee’s prior written consent. Indemnitee will not unreasonably withhold or delay his consent to any
proposed settlement. 
 5. Additional Indemnification Rights, Nonexclusivity. 
 (a) Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification
may not be specifically authorized by the Charter, the Bylaws, or by statute as of the date hereof. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a Delaware corporation
to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any
change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such
law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 10(a). 
 (b) Nonexclusivity. The indemnification and the payment of Expense Advances provided by this Agreement shall be in addition to any rights to which
Indemnitee may be entitled under the Charter, the Bylaws, any subsequent agreement, any vote of stockholders or Disinterested Directors, the General Corporation Law of the State of Delaware, or otherwise. The indemnification and the payment of
Expense Advances provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though subsequent thereto Indemnitee may have ceased to serve in such capacity.

  

 8 

 6. No Duplication of Payments. The Company shall not be liable under this Agreement to make any
payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of the Charter or Bylaws or otherwise) of the amounts otherwise payable hereunder.

 7. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
some or a portion of Expenses incurred in connection with any Claim, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 
 8. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, federal law or applicable public policy may
prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake
with the Securities and Exchange Commission, or to submit the question of indemnification to a court in certain circumstances for, a determination of the Company’s right, under public policy, to indemnify Indemnitee. 
 9. Liability Insurance. From the date hereof until the sixth anniversary of the date that Indemnitee ceases to be an officer or director of the
Company, the Company shall maintain a directors’ and officers’ liability insurance policy covering the Indemnitee, with coverage in amount and scope at least as favorable to Indemnitee as is customary for similarly situated officers and
directors at similarly situated companies and any of the Company’s other directors and officers. 
 10. Exceptions.
Notwithstanding any other provision of this Agreement, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a)
Excluded Action or Omissions. To indemnify Indemnitee for Expenses resulting from acts, omissions or transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law; provided,
however, that notwithstanding any limitation set forth in this Section 10(a) regarding the Company’s obligation to provide indemnification, Indemnitee shall be entitled under Section 3 to receive Expense Advances
hereunder with respect to any such Claim unless and until a court having jurisdiction over the Claim shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has
engaged in acts, omissions or transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law. 
 (b) Claims Initiated by Indemnitee. To indemnify or make Expense Advances to Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, counterclaim or
crossclaim, except (i) with respect to actions or proceedings brought to establish or enforce a right to indemnification under this Agreement or any other agreement or insurance policy or under the Charter or Bylaws now or hereafter in effect
relating to Claims for Covered Events, (ii) in specific cases if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the General Corporation Law of the
State of Delaware, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification or insurance recovery, as the case may be. 
  

 9 

 (c) Bad Faith. To indemnify Indemnitee for any Expenses incurred by the Indemnitee with respect to
any action instituted (i) by Indemnitee to enforce or interpret this Agreement, if a court having jurisdiction over such action determines as provided in Section 15 that each of the material assertions made by the Indemnitee as a
basis for such action was made in bad faith or was frivolous, or (ii) by or in the name of the Company to enforce or interpret this Agreement, if a court having jurisdiction over such action determines as provided in Section 15 that
each of the material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous. 
 (d) Claims Under
Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act, or any similar successor statute;
provided, however, that notwithstanding any limitation set forth in this Section 10(d) regarding the Company’s obligation to provide indemnification, Indemnitee shall be entitled under Section 3 to receive
Expense Advances hereunder with respect to any such Claim unless and until a court having jurisdiction over the Claim shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that
Indemnitee has violated said statute. 
 (e) Illegal Remuneration. To indemnify Indemnitee in respect to remuneration paid to
Indemnitee if it shall be determined by final judgment or final adjudication that such remuneration was in violation of law. 
 (f)
Unauthorized Settlement. To indemnify Indemnitee for any amounts paid in settlement of any action or claim without Company’s written consent. The Company will not unreasonably withhold or delay its consent to any proposed settlement.

 11. Contribution. If the indemnification provided for in this Agreement is unavailable by reason of a Court decision based on
grounds other than any of those set forth in paragraphs (a) through (f) of Section 10, then in respect of any Claim in which the Company is jointly liable with Indemnitee (or would be if joined in such Claim), the Company, in lieu of
indemnifying Indemnitee, shall contribute to the Expenses incurred by Indemnitee in connection with any Claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the
circumstances of such Claim in order to reflect (i) the relative benefits received by the Company, on the one hand, and Indemnitee, on the other hand, as a result of the events(s) and/or transaction(s) giving cause to such Claim, and
(ii) the relative fault of the Company (and its directors, officers, employees and agents) on the one hand and Indemnitee on the other hand in connection with such event(s) and/or transaction(s). The relative fault of the Company on the one
hand and of Indemnitee on the other shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent the circumstances resulting in such Expenses. The
Company agrees that it would not be just and equitable if contribution pursuant to this Section 11 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable considerations.

  

 10 

 12. Duration of Agreement. All agreements and obligations of the Company contained herein shall
continue during the period Indemnitee serves as a director, officer, employee, agent or fiduciary of the Company or as a director, officer, employee, agent or fiduciary of any other corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Claim (including any rights of appeal thereto) by reason of a Covered Event, whether
or not he is acting in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. 
 13. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original. 
 14. Binding Effect, Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns (including any
direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), spouses, heirs and personal and legal representatives. The Company shall require and cause any
successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business or assets of the Company, by written agreement in form and substance reasonably
satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in
effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the Company’s request. 
 15. Expenses Incurred in Action Relating to Enforcement or Interpretation. In the event that any action is instituted by Indemnitee under this
Agreement or under any liability insurance policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee with respect to such
action (including without limitation attorneys’ fees), regardless of whether Indemnitee is ultimately successful in such action, unless as a part of such action a court having jurisdiction over such action makes a final judicial determination
(as to which all rights of appeal therefrom have been exhausted or lapsed) that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous; provided, however, that until
such final judicial determination is made, Indemnitee shall be entitled under Section 3 to receive payment of Expense Advances hereunder with respect to such action. In the event of an action instituted by or in the name of the Company
under this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be indemnified for all expenses incurred by Indemnitee in defense of such action (including without limitation costs and expenses
incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part of such action a court having jurisdiction over such action makes a final judicial determination (as to which all rights of appeal
therefrom have been exhausted or lapsed) that each of the material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous; provided, however, that until such final judicial determination is made,
Indemnitee shall be entitled under Section 3 to receive payment of Expense Advances hereunder with respect to such action. 
  

 11 

 16. Notice. All notices, requests, demands and other communications under this Agreement shall be
in writing and shall be deemed duly given (i) if delivered by hand and signed for by the party addressed, on the date of such delivery, (ii) the day after being sent, if sent by a reputable overnight receipted courier service, or
(iii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently
modified by written notice. 
 17. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the
jurisdiction of the courts of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced,
prosecuted and continued only in the Court of Chancery of the State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a claim. 
 18. Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision
within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore,
to the fullest extent possible, the provisions of this Agreement (including without limitation each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, which is not itself invalid, void or
unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
 19. Choice of Law. This Agreement, and all rights, remedies, liabilities, powers and duties of the parties to this Agreement, shall be governed by and construed in accordance with the laws of the State of Delaware without regard to
principles of conflicts of laws. 
 20. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to
the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such
rights. 
 21. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective
unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver. 
 22. Integration and Entire Agreement. Without limiting any of the rights of Indemnitee under the
Charter or Bylaws, as they may be amended from time to time, this Agreement sets forth the entire understanding between the parties hereto and supersedes 
 and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 
  

 12 

 23. Injunctive Relief. The parties hereto agree that Indemnitee may enforce this Agreement by
seeking specific performance hereof, without any necessity of showing irreparable harm or posting a bond, which requirements are hereby waived, and that by seeking specific performance, Indemnitee shall not be precluded from seeking or obtaining any
other relief to which he or she may be entitled. 
 24. No Construction as Employment Agreement. Nothing contained in this Agreement
shall be construed as giving Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries or affiliated entities. 
  

 13 

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

			
	GOODMAN GLOBAL, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	

  

			
	AGREED TO AND ACCEPTED INDEMNITEE:
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	

  

 14

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