Document:

Exhibit 10.24

 

EMPLOYMENT AGREEMENT,

of

John Weinhardt

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made as of March ___, 2013, by and between UNIQUE FABRICATING INCORPORATED.,
a Delaware corporation (the “Company”), and John Weinhardt (“Executive”).

 

RECITALS

 

WHEREAS, the
Company desires to secure Executive’s continued employment as President/CEO of the Company and Executive desires to continue
to be employed in such capacity; and

 

WHEREAS, the
parties hereto desire to enter into this Agreement, which Agreement will be effective as of the date set forth above, once signed
by both parties, (the “Effective Date”), and will set forth the terms and conditions upon which Executive will
continue to serve as the President/CEO of the Company.

 

NOW, THEREFORE,
in consideration of the mutual agreements set forth below and for other good and valuable consideration given by each party to
this Agreement to the other, the receipt and sufficiency of which are hereby acknowledged, the Company agrees to continue to employ
Executive, and Executive agrees to continue to serve the Company as an employee, pursuant to the terms and subject to the conditions
that follow.

 

1.          Employment.
The Company hereby agrees to employ Executive, and Executive hereby agrees to be employed by the Company, upon the terms and conditions
contained in this Agreement, effective on the Effective Date and ending on the first anniversary of the Effective Date (the “Initial
Employment Period”). The Initial Employment Period shall be automatically renewed on the same terms and conditions then
in effect for successive one year terms unless either party gives at least 90 days notice of non-renewal prior to the end of the
applicable term (the Initial Employment Period, together with any renewals thereof, the “Employment Period”).
If the Company provides Executive with a notice of non-renewal in accordance with the above, the Company may in its discretion
terminate Executive’s services as of the date of such notice by paying to Executive all amounts that would otherwise have
become due during the remainder of the Employment Period and subject to the Company’s obligations under Section 6(b) hereof.

 

2.          Duties.
During the Employment Period, Executive shall serve on a full-time basis as President/CEO of the Company, subject to the provisions
of Section 1, above. Executive shall report to the Board of Directors of the Company. As President/CEO, Executive’s duties
and responsibilities shall include those duties customarily associated with an officer with a similar title or as may be assigned
to him from time to time by the Board of Directors (the “Board”). As requested by the Board, Executive shall
also serve without additional compensation as a senior executive of any of the Company’s subsidiaries and affiliates. Executive
shall devote his good faith efforts and his full business time and attention (except for permitted vacation periods and reasonable
periods of illness or other incapacity) to the business and affairs of the Company and, at the request of the Board, its subsidiaries
and affiliates. Executive shall perform his duties and responsibilities to the best of his abilities in a diligent, trustworthy,
businesslike and efficient manner.

 

    	 

    	 

    

 

3.          Compensation
and Benefits. In consideration of entering into this Agreement and as full compensation for Executive’s services hereunder,
during the Employment Period, Executive shall receive the following compensation and benefits:

 

(a)          Base
Salary. The Company shall pay to Executive a base salary (“Base Salary”) of $330,000 per year, payable in
regular installments in accordance with the payroll policies from time to time in effect at the Company. It is understood that
the Company shall review Executive’s Base Salary not less than annually, and that the Base Salary may (but not shall) be
increased to such greater amount as the Company may deem appropriate, but shall not be decreased below the Base Salary set forth
herein except temporarily, in the case of a severe reduction in the Company’s sales.

 

(b)          Incentive
Bonus. Executive shall be entitled to an annual bonus subject to the satisfaction of terms and conditions determined by the
Board in its sole discretion and communicated to senior management employees of the Company. Executive will have an initial bonus
target of not less than 75% of his Base Salary. All determinations of bonuses hereunder shall be made in good faith by the Board
and shall be conclusive absent manifest error. The bonus earned by Executive, if any, shall be paid within 2 1⁄2 months following
the end of the Company’s fiscal year.

 

(c)          Vacation.
During the Employment Period, Executive shall be entitled to vacation in accordance with the Company’s policy for senior
executives which shall, in any case, be not less than five (5) weeks of vacation time per year.

 

(d)          Long-Term
Incentive. On or as soon as practicable after the date hereof, the Board shall adopt an Executive Incentive Compensation Plan
and shall grant Executive participation units under such plan, which shall be subject to terms and conditions set forth in such
plan and a unit agreement thereunder.

 

(e)          Lodging
and Travel Expenses. The Company will cover the costs of actual lodging expenses in the Detroit metropolitan area, up to a
maximum of $2,000 per month. The Company will also cover the costs of travel expenses for Executive to travel between the Detroit
metropolitan area and his primary residence, up to a maximum of $1,000 per month ($12,000 per year). At the discretion of the Executive,
the Company will pay the relocation cost, consistent with the Company’s Relocation Policy, but in any event not to exceed
an aggregate amount of $100,000, for the Executive to move his primary residence from Tucson, AZ to the Detroit metropolitan area.

 

(f)          Other
Benefits. Executive shall participate in and be eligible to receive, but without duplication, all other benefits (i.e., benefits
other than those of the types covered in Sections 3(a) - (e)) offered to senior executives of the Company under and in accordance
with the provisions of any employee benefit plan adopted or to be adopted by the Company other than any severance benefits offered
to senior executives in accordance with any such plan. This will include the use of a company paid lease vehicle, as well as fuel
and routine maintenance costs for same.

 

    	 

    	 

    

 

4.          Reimbursement
for Expenses. During the Employment Period, the Company shall reimburse the Executive for all reasonable business, travel and
entertainment related expenses that are incurred by Executive in the course of performing his duties and responsibilities under
this Agreement and that are submitted with appropriate documentation and approved by the Board, consistent with the Company’s
policies in effect.

 

5.          Termination.
Executive’s employment hereunder shall be terminated as follows:

 

(a)          Automatically
in the event of the death of Executive;

 

(b)          By
the Board in the event of the Disability of Executive. As used herein, the term “Disability” shall mean that Executive
is deemed disabled for purposes of any group or individual disability policy maintained by the Company and at the time in effect,
or, in the absence of such a policy, in the good faith judgment of the Board, Executive is substantially unable to perform Executive’s
duties under this Agreement, with or without reasonable accommodation by the Company, for more than 120 days, whether or not consecutive,
in any twelve (12) month period, by reason of a physical or mental illness or injury;

 

(c)          By
the Board for Cause (as defined in Section 6(d));

 

(d)          By
the Board at any time without Cause, subject to the Company’s obligations under Section 6(b) hereof;

 

(e)          At
the option of Executive, at any time, for any reason, on thirty (30) days’ prior written notice to the Company; or

 

(f)          By
non-renewal as contemplated under Section 1.

 

6.          Payments.

 

(a)          Death
or Disability. Upon the termination of Executive’s employment due to death or Disability, Executive or his legal representatives
shall be entitled to receive an amount equal to Base Salary payable through the date of termination. Executive or his legal representatives
shall also be entitled to any other benefits which may be owing in accordance with the Company’s policies or applicable law.

 

(b)          Termination
By Company Without Cause or By Company’s Non-Renewal of Employment Term. In the event that during the term of this Agreement,
the Company terminates Executive’s employment for other than Cause or Company delivers a notice of non-renewal to Executive
in accordance with Section 1, Executive shall be entitled to an amount equal to (i) his Base Salary through the date of termination,
plus (ii) continuation of his Base Salary in substantially equal installments, plus the continued use of the company paid lease
vehicle over the Non-Compete Period (as defined in Section 8(a)) or until such time as Executive accepts employment with another
company, whichever period is shorter, payable in accordance with the usual payroll policies in effect at the Company as if Executive
was employed at the time. If Executive elects COBRA coverage under the Company’s medical and/or dental plan, the Company
shall also during the Non-Compete Period (unless Executive shall be employed elsewhere and has been offered medical benefits by
such employer) pay the same proportion of the costs of medical, dental and vision coverage as it pays for active employees participating
in such plans. Executive or his legal representatives shall also be entitled to any other benefits which may be owing in accordance
with the Company’s policies or applicable law. These payments shall constitute full payment of all amounts owed to Executive
by the Company.

 

    	 

    	 

    

 

(c)          Termination
By Company For Cause or By Executive For Any Reason. Except for Base Salary through the day on which Executive’s employment
was terminated and any other benefits which may be owing in accordance with the Company’s policies or applicable law, Executive
shall not be entitled to receive severance or any other compensation or benefits after the last date of employment with the Company
upon the termination of Executive’s employment hereunder (i) by the Company for Cause or (ii) by Executive for any reason,
including Executive’s delivery of a notice of non-renewal pursuant to Section 1. If Executive provides notice under Section
5(e) or 5(f), the Company may in its discretion terminate Executive’s services as of the date of such notice or as of any
other date during the notice period, by paying to Executive all amounts that would otherwise have become due during the remainder
of such notice period.

 

(d)          Cause
Defined. For purposes of this Agreement, “Cause” means that Executive:

 

(i)          committed
or engaged in an act of fraud, embezzlement, harassment, dishonesty, disloyalty or theft in connection with Executive’s duties
for the Company;

 

(ii)         materially
breached or defaulted under this Agreement or any other agreement between Executive and the Company;

 

(iii)        is
convicted of, or pleads nolo contendre with respect to, an act of criminal misconduct;

 

(iv)        willfully
fails to perform his duties or responsibilities; or

 

(v)         fails
to follow in any material respect a reasonable and appropriate direction or policy of the Board.

 

(e)          Condition
to Payment. All payments and benefits due to Executive under this Section 6, which are not otherwise required by law, shall
be contingent upon (i) Executive (or Executive’s beneficiary or estate) executing and delivering to the Company a general
release of claims in form satisfactory to the Company, (ii) compliance by Executive with his obligations under any equity holder
or other agreement to which the Company and Executive are a party, and (iii) compliance by Executive with his obligations under
this Agreement, including but not limited to Sections 8 and 9, and his obligations under any such general release.

 

(f)          No
Other Severance. Executive hereby acknowledges and agrees that, other than the severance payment described in this Section
6, upon termination, Executive shall not be entitled to any other severance under any Company benefit plan or severance policy
generally available to the Company’s employees or otherwise.

 

    	 

    	 

    

  

(g)          Survival.
This Section 6 shall survive any termination or expiration of this Agreement.

 

7.          Withholding
Taxes. Executive acknowledges and agrees that the Company may directly or indirectly withhold from any payments under this
Agreement all federal, state, city or other taxes that will be required pursuant to any law or governmental regulation.

 

8.          Non-Competition;
Nonsolicitation.

 

(a)          Executive
covenants and agrees that during the Employment Period and for a period of twelve (12) months (the “Non-Compete Period”)
after the termination of Executive’s employment for any reason, Executive shall not, without the written consent of the Company,
directly or indirectly, either individually or as an employee, agent, partner, shareholder, director, consultant, advisor, employer,
lender of money, guarantor, or in any other capacity, participate in, engage in or have a financial interest or management position
or other interest in any business, firm, corporation, or other entity that at any time during or following the Employment Period
competes directly against the Company by engaging in the business of manufacturing, inventing, marketing, developing, selling or
distributing non-metallic fabricated or molded products for the automotive or transportation industries, or any other markets which
the Company may have entered, nor will Executive solicit any other person to engage in any of the foregoing activities (the foregoing
is referred to herein as the “Non-Compete Covenant”). Participation in the management of any business operation
other than in connection with the management of a business operation that is in competition with the Company or its subsidiaries
or affiliates or any successor or assign thereof shall not be deemed to be a breach of the Non-Compete Covenant. The foregoing
provisions of this Section shall not prohibit the passive ownership by Executive of less than two percent (2%) of any class of
the capital stock of any public corporation.

 

(b)          During
the Employment Period and the Non-Compete Period, Executive shall not directly or indirectly through another entity (i) induce
or attempt to induce any employee of the Company or any affiliate of the Company to leave the employ of the Company or such affiliate,
or in any way interfere with the relationship between the Company or any affiliate of the Company and any employee thereof, or
(ii) induce or attempt to induce any customer, supplier, licensee, or other business relation of the Company or any affiliate of
the Company to cease doing business with the Company or such affiliate, or in any way interfere with the relationship between any
such customer, supplier, licensee, or business relation and the Company or any affiliate of the Company.

 

(c)          Executive
agrees that: (i) the covenants set forth in this Section 8 are reasonable in geographical and temporal scope and in all other respects
and that Executive has reviewed the provisions of this agreement with legal counsel, (ii) the Company would not have entered into
this agreement but for the covenants of Executive, contained herein, and (iii) the covenants contained herein have been made in
order to induce the Company to enter into this agreement.

 

    	 

    	 

    

  

(d)          The
Company and Executive intend that the covenants of this Section 8 shall be deemed to be a series of separate covenants, one for
each month of the Non-Compete Period.

 

(e)          If,
at the time of enforcement of this Section 8, a court shall hold that the duration or scope stated herein are unreasonable under
circumstances then existing, the parties agree that the maximum duration or scope under such circumstances shall be substituted
for the stated duration or scope and that the court shall be allowed to revise the restrictions contained herein to cover the maximum
period and scope permitted by law.

 

(f)          Notwithstanding
anything herein to the contrary, the provisions of this Section 8 shall survive the termination of this Agreement.

 

9.          Non-Disclosure
of Confidential Information and Trade Secrets. Executive covenants and agrees that Executive shall not, during or after the
termination of this Agreement, divulge, furnish or make accessible to any person, firm, corporation or other business entity, any
information, trade secrets, technical data or know-how relating to the business, business practices, methods, marketing strategies,
financial information, pricing policies, customers, customer information, customer lists, products, processes, equipment or other
confidential or secret aspect of the business of the Company and/or any subsidiary or affiliate, except as may be required in good
faith in the course of his employment with the Company or by law, without the prior written consent of the Company, unless such
information shall become public knowledge (other than by reason of Executive’s breach of the provisions hereof).

 

10.         Return
of Property. All equipment, notebooks, documents, memoranda, reports, files, samples, books, correspondence, mailing lists,
calendars, software, card files, rolodexes, and all other written, graphic or electronic records affecting or relating to the business
of the Company which Executive prepares, uses, constructs, observes, possesses, or controls or otherwise obtains during his employment
shall be and remain the sole and exclusive property of the Company. Executive agrees to return all of the Company’s property
upon termination of Executive’s employment, wherever such property is located, including Company’s property in the
Executive’s personal possession. Further, Executive shall not take, procure, photocopy, or copy any property of the Company
after notification of, or in anticipation of termination.

 

11.         Effect
of Prior Agreements. This Agreement, and any other agreements referred to herein, constitutes the sole and entire agreement
and understanding between Executive and the Company with respect to the matters covered hereby and thereby, and there are no other
promises, agreements, representations, warranties or other statements between Executive and the Company in respect of such matters
not expressly set forth in these agreements. These agreements supersede all prior and contemporaneous agreements, understandings
or other arrangements, whether written or oral, concerning the subject matter thereof.

 

12.         Notices.
Any notice required, permitted, or desired to be given pursuant to any of the provisions of this Agreement shall be deemed to have
been sufficiently given or served for all purposes when telecopied, when delivered by hand or received by registered or certified
mail, postage prepaid, or when sent by nationally recognized overnight courier service addressed to the party to receive such notice
at the following address or any other address substituted therefor by notice pursuant to these provisions:

 

    	 

    	 

    

  

If to the Company, at:

 

Unique Fabricating Incorporated

Standard Parkway

Auburn Hills, MI 48326

Attention: Corporate Secretary

 

If to Executive, at:

 

John Weinhardt

5135 N. Silver Drive

Tucson, AZ 85749

Email: weinhardtj@aol.com

 

13.         Assignability.
The obligations of Executive may not be delegated and Executive may not, without the Company’s written consent thereto, assign,
transfer, convey, pledge, encumber, hypothecate or otherwise dispose of this Agreement or any interest herein. Any such attempted
delegation or disposition shall be null and void and without effect. The Company and Executive agree that this Agreement and all
of the Company’s rights and obligations hereunder may be assigned or transferred by the Company to and may be assumed by
and become binding upon and may inure to the benefit of any affiliate of or successor to the Company. The term “successor”
shall mean (with respect to the Company) any other corporation or other business entity which, by merger, consolidation, purchase
of the assets, or otherwise, acquires all or a material part of its assets or equity. Any assignment by the Company of its rights
or obligations hereunder to any affiliate of or successor to the Company shall not be a termination of employment for purposes
of this Agreement.

 

14.         Modification.
This Agreement may not be modified or amended except in writing signed by the parties. No term or condition of this Agreement will
be deemed to have been waived except in writing by the party charged with waiver. A waiver will operate only as to the specific
term or condition waived and will not constitute a waiver for the future or act on anything other than that which is specifically
waived.

 

15.         Governing
Law. This Agreement has been executed and delivered in the State of Michigan and its validity, interpretation, performance
and enforcement will be governed by the laws of that state applicable to contracts made and to be performed entirely within that
state, without regard to conflicts of laws doctrine.

 

16.         Severability.
All provisions of this Agreement are intended to be severable. In the event any provision or restriction contained herein is held
to be invalid or unenforceable in any respect, in whole or in part, such finding will in no way affect the validity or enforceability
of any other provision of this Agreement. The parties hereto further agree that any such invalid or unenforceable provision will
be deemed modified so that it will be enforced to the greatest extent permissible under law, and to the extent that any court of
competent jurisdiction determines any restriction herein to be unreasonable in any respect, such court may limit this Agreement
to render it reasonable in the light of the circumstances in which it was entered into and specifically enforce this Agreement
as limited.

 

    	 

    	 

    

  

17.         No
Waiver. No course of dealing or any delay on the part of the Company or Executive in exercising any rights hereunder shall
operate as a waiver of any such rights. No waiver of any default or breach of this Agreement shall be deemed a continuing waiver
of any other breach or default.

 

18.         Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original by the party executing
the same but all of which together will constitute one and the same instrument.

 

19.         Binding
Arbitration.

 

(a)          Generally.
Executive and the Company hereby agree that any controversy or claim arising out of or relating to this Agreement, the employment
relationship between Executive and the Company, or the termination thereof, including the arbitrability of any controversy or claim,
which cannot be settled by mutual agreement (other than claims arising out of Sections 8 or 9) will be finally settled by binding
arbitration in accordance with the Federal Arbitration Act (or if not applicable, the applicable state arbitration law) as follows:
Any party who is aggrieved will deliver a notice to the other party setting forth the specific points in dispute. Any points remaining
in dispute 20 days after the giving of such notice may, upon 10 days’ notice to the other party, be submitted to arbitration
in metropolitan Detroit, Michigan, to the American Arbitration Association, in accordance with, and before a single arbitrator
appointed pursuant to, the Employment Dispute Resolution Procedures and Rules of the American Arbitration Association, as such
procedures and rules may be amended from time to time and modified only as herein expressly provided. The arbitrator may enter
a default decision against any party who fails to participate in the arbitration proceedings.This Section 19 shall encompass claims
by Executive against Board members, officers, employees and agents of Company as well as those against Company. The arbitrator
shall have the power and authority to grant a particular remedy as provided for by the statutes or laws under which a claim is
made. The arbitrator shall render an award and written opinion containing findings of fact and conclusions of law.

 

(b)          Binding
Effect. The decision of the arbitrator on the points in dispute will be final and binding, and judgment on the award may be
entered in any court having jurisdiction thereof. The parties agree that this provision has been adopted by the parties to rapidly
and inexpensively resolve any disputes between them and that this provision will be grounds for dismissal of any court action commenced
by either party with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award. In
the event that any court determines that this arbitration procedure is not binding, or otherwise allows any litigation regarding
a dispute, claim, or controversy covered by this Agreement to proceed, the parties hereto hereby waive any and all right to a trial
by jury in or with respect to such litigation.

 

    	 

    	 

    

  

(c)          Fees
and Expenses. Except as otherwise provided in this Agreement or by law, the arbitrator will be authorized to apportion its
fees and expenses and the reasonable attorneys’ fees and expenses of either party as the arbitrator deems appropriate. In
the absence of any such apportionment, the fees and expenses of the arbitrator will be borne equally by each party, and each party
will bear the fees and expenses of its own attorney.

 

(d)          Confidentiality.
The parties will keep confidential, and will not disclose to any person or entity, except as may be required by law, the existence
of any controversy under this Section 19, the referral of any such controversy to arbitration or the status or resolution thereof.
Executive shall also keep confidential, and will not disclose to any person or entity, any terms of this Agreement, provided, however,
that Executive may disclose the financial terms of this Agreement to his immediate family and financial, tax or legal advisors,
provided that each such person or entity agrees to maintain the confidentiality of such information.

 

(e)          Acknowledgment.
Executive acknowledges that before entering into this Agreement, Executive has had the opportunity to consult with any attorney
or other advisor of Executive’s choice, and that this provision constitutes advice from the Company to do so if Executive
chooses. Executive further acknowledges that Executive has entered into this Agreement of Executive’s own free will, and
that no promises or representations have been made to Executive by any person to induce Executive to enter into this Agreement
other than the express terms set forth herein. Executive further acknowledges that Executive has read this Agreement and understands
all of its terms, including the waiver of rights set forth in this Section.

 

20.         No
Presumption. Although this Agreement was drafted by Company, the parties agree that it accurately reflects the intent and understanding
of each party and should not be construed against Company for the sole reason that it was the drafter if there is any dispute over
the meaning or intent of any provision.

 

21.         Statute
of Limitations. Executive agrees not to initiate any action or arbitration relating directly or indirectly to employment with
Company, the termination of employment or this Agreement more than six (6) months after the earlier of the date of the action complained
of or the date of termination of employment. Executive waives any longer statute of limitations. However, Executive agrees that
any shorter statutes of limitations remain in effect.

 

22.         Waiver.
Executive acknowledges that this agreement to submit to arbitration includes all controversies or claims of any kind (e.g., whether
in contract or in tort, statutory or common law, legal or equitable) now existing or hereafter arising under any federal, state,
local or foreign law (except for any claims or controversy arising out of Sections 8, 9 or 10), including, but not limited to,
the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, Executive Retirement
Income Security Act, the Family and Medical Leave Act, the Americans With Disabilities Act and all similar federal, state and local
laws, and Executive hereby waives all rights thereunder to have a judicial tribunal and/or a jury determine such claims.

 

* * * * * *

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties have caused this Agreement to be executed as of the day written above.         

 

UNIQUE FABRICATING INCORPORATED

 

	By:	 	 
	Name:	 
	Title:	 
	 	 
	EXECUTIVE	 
	 	 
	John WeinhardtExhibit 10.25

 

MANAGEMENT SERVICES AGREEMENT

 

THIS MANAGEMENT
SERVICES AGREEMENT (this “Agreement”) is made and entered as of the 18th day of March, 2013, by and between
Taglich Private Equity, LLC, a Delaware limited liability company (“Service Provider”), and UFI Acquisition,
Inc., a Delaware corporation (the “Company”).

 

WHEREAS, Service
Provider has developed experience and knowledge in business and financial management, which experience and knowledge are of great
value to the Company and its subsidiaries in implementing their respective businesses. Service Provider is willing to provide financial
and management consulting services to the Company and its subsidiaries. Accordingly, the compensation arrangements set forth in
this Agreement are designed to compensate Service Provider for such services.

 

NOW, THEREFORE,
for and in consideration of the covenants and conditions hereinafter set forth, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, intending to be legally bound hereby, the parties hereto mutually agree
as follows:

 

Section 1.          Services.
Service Provider shall, in its reasonable, good faith judgment, (i) provide general management, financial and other corporate advisory
services to the Company and its subsidiaries (including without limitation Unique Fabricating Incorporated, a Delaware corporation,
Unique Fabricating South, Inc., a Michigan corporation, Unique Fabricating Realty, LLC, a Michigan limited liability company, and
Unique Fabricating de Mexico, S.A. de C.V., a Mexican variable capital company), including without limitation, providing advice
and counsel to the directors, executives and personnel of the Company and its subsidiaries through and including: (A) participation
in business and strategic planning sessions and reviewing and commenting on business and strategic plans and agreements; (B) identifying
and/or communicating with potential strategic partners, as and to the extent requested by the Company and/or its subsidiaries;
(C) providing guidance and recommendations and participating in management strategy sessions regarding acquisitions or financings;
and (D) participating in the strategy and implementation of the growth activities of the Company and/or its subsidiaries (collectively,
the “Management Services”); and (ii) act as the Company’s and its subsidiaries’ financial advisor
in connection with any Transaction (as defined below), through and including: (W) assisting the Company and/or its subsidiaries
in identifying and contacting potential purchasers of the assets or securities of the Company and/or its subsidiaries; (X) advising
and assisting the Company and/or its subsidiaries in negotiating the terms and conditions of a Transaction; (Y) analyzing the valuation
of the Company and/or its subsidiaries or such other entity in connection with a Transaction; and (Z) such other activities
as the parties shall mutually agree upon from time to time during the term of this Agreement or as may be reasonably requested
by the Board of Managers of the Company (collectively, the “Advisory Services”). These Management Services and
Advisory Services shall be performed by the officers, employees, agents, affiliates or assigns of Service Provider as it may determine
in its discretion from time to time. “Transaction” means any transaction involving the sale or disposition of
any or all of the assets or equity of the Company and/or its subsidiaries to an unaffiliated third party (other than sales of inventory
or assets in the ordinary course of business, grants of warrants (and the exercise thereof) to lenders or vendors, and sales of
equity pursuant to the exercise of options or any other equity incentive program) or the acquisition by the Company and/or its
subsidiaries of any of the assets or equity of another unaffiliated company, or a controlling interest in, another unaffiliated
company (other than acquisitions of assets in the ordinary course of business), in each case whether by merger, recapitalization,
reorganization, consolidation, tender offer, public or private offering or otherwise, and whether consummated directly by the Company,
its members (with respect to their sale of Company membership interests) and/or the Company’s subsidiaries.

 

    	 

    	 

    

 

Section 2.          Time
Commitment. Service Provider shall devote sufficient time to enable Service Provider to provide the services contemplated
in this Agreement; provided, however, the Company acknowledges and agrees that the amount of time provided by Service Provider
hereunder will vary depending on the nature and status of the Company’s and its subsidiaries’ activities in any given
month.

 

Section 3.          Consideration.

 

(a)          Advisory
Fee. The Company shall pay Service Provider an advisory fee of $1,250,000 by wire transfer of immediately available funds on
the date hereof. In addition, the Company will pay, and hold Service Provider and its affiliates harmless against liability for
the payment of, the out-of-pocket expenses of Service Provider and each such affiliate and the reasonable fees and expenses of
their counsel, accountants, consultants, and other advisors arising in connection with the transactions contemplated by that certain
Agreement and Plan of Merger, dated as of February 19, 2013, by and among the Company, UFI Merger Sub, Inc., a Delaware corporation,
Unique Fabricating Incorporated, a Delaware corporation, and American Capital, Ltd., a Delaware corporation, in its capacity as
the representative of the Holders (as defined therein) (the “Merger Agreement”), including without limitation
the preparation, negotiation and execution of all documents related thereto and necessary to consummate the transactions contemplated
thereby, Service Provider’s due diligence review, and the consummation of the transactions contemplated by this Agreement
and any related agreements, which shall be payable on the date hereof.

 

(b)          Consulting
Fee. The Company shall pay Service Provider an annual management fee of Three Hundred Thousand Dollars ($300,000), payable
in monthly installments in advance, for services rendered hereunder (the “Consulting Fee”).

 

(c)          Expenses.
At all times during the Term (as defined below) and during any Renewal Term (as defined below), Company shall reimburse
Service Provider for its reasonable out-of-pocket expenses incurred in performing services pursuant to this Agreement including,
without limitation, travel expenses.

 

    	- 2 -

    	 

    

(d)          Future
Transactions. In addition to the amount specified in this Section 3, the Company shall pay Service Provider a fee for each
acquisition made by the Company during the Term or any Renewal Term or in the event of the sale of the entire Company, if so requested
by Service Provider (the “Future Transaction Fee”). Such Future Transaction Fee shall be calculated on a standard
Lehman Scale (5.0% of the first $1.0 million of value, 4.0% of the second $1.0 million of value, 3.0% of the third $1.0 million
of value, 2.0% of the fourth $1.0 million of value and 1.0% of the value paid above $4.0 million) and applied to the total acquisition
consideration of any acquisition made by, or received by, the Company during the Term or any Renewal Term. To the extent the Company
and/or its subsidiaries pays for investment banking services to any investment banking entity (including Service Provider, its
affiliates or any third party) in connection with any acquisition made by the Company and/or its subsidiaries during the Term or
any Renewal Term, or in the event of the sale of the entire Company, then the amount of the Future Transaction Fee will be reduced,
dollar for dollar, for any such investment banking or other fee paid to a third party investment bank or broker in connection with
such transaction.

 

(e)          Payment
Restrictions. The parties hereto acknowledge that the payments hereunder may be subject to certain restrictions set forth in
the debt financing arrangements of the Company or its affiliates (the “Payment Restrictions”). If, at any time,
the Company or any of its affiliates is prohibited under the terms of the Payment Restrictions from paying fees and expenses (or
any portion thereof) hereunder, the Company shall pay to Service Provider or its designee the maximum amount of such fees and expenses
allowable under such Payment Restrictions; provided, however, the Company will continue to be obligated to pay the reasonable
out-of-pocket expenses of Service Provider and its affiliates in any event. Any fees or expenses due and payable under this Agreement
which are not paid as a result of the preceding limitations or for any other reason shall be accrued as an obligation of the Company,
and shall be due and payable upon the first date on which the Company is permitted to pay such fees and expenses under the terms
of the Payment Restrictions.

 

(f)          Invoices.
All fees payable to Service Provider shall be payable in cash by wire transfer of immediately available funds to the account of
Service Provider, as specified thereby to the Company in writing prior to such payment. Notwithstanding anything to the contrary
contained herein, the Company shall not owe the Consulting Fees to Service Provider, and such amount shall not in any manner
be payable, unless and until Service Provider sends the Company a bill for such amount. Service Provider may send the Company multiple,
partial bills for amounts owed as of a particular date; provided, that for the avoidance of doubt, the aggregate amount so billed
shall not exceed the amount that would otherwise be due hereunder.

 

Section 4.          Provider
of Services. Service Provider agrees that the services to be provided hereunder shall be performed by the officers, employees,
agents, affiliates or assigns of Service Provider as it may determine in its discretion from time to time.

 

Section 5.          Independent
Contractor Status. In the performance of Service Provider’s obligations hereunder, it is understood that Service
Provider shall be at all times acting and performing independently of the Company’s control as to the manner and methods
of providing the services required under this Agreement. Service Provider’s compliance with the rules and regulations of
the Company governing the conduct of Service Provider, generally, shall be limited to those rules and regulations to which Service
Provider has previously agreed in writing. In the performance of Service Provider’s obligations hereunder, neither Service
Provider nor any of its members, officers, directors, employees, agents or representatives shall be considered an employee, agent,
officer, or associate of the Company or any of its subsidiaries for any purpose. It is understood that Service Provider is free
to contract for similar services with other persons or companies while under contract with the Company. Service Provider shall
not, in connection with any services provided for, to, or on behalf of the Company and/or its subsidiaries, represent to any person
or entity that Service Provider is associated with the Company or its subsidiaries in any capacity other than that of an independent
contractor. This Agreement in no way limits the ability of Service Provider, or any of its affiliates, to engage in any other activities
other than activities related to a direct competitor of the Company and/or its subsidiaries.

 

    	- 3 -

    	 

    

 

Section 6.          Indemnification.
The Company agrees to indemnify, defend and hold harmless Service Provider and its members, officers, managers, directors, affiliates,
employees and agents against and from any and all loss, liability, suits, claims, costs, damages and expenses (including attorneys’
fees, whether arising in disputes between the parties or with third parties) arising from this Agreement and/or their performance
hereunder, except as a result of their gross negligence or intentional wrongdoing and except for diminution in value of any investment
in the Company.

 

Section 7.          Entire
Agreement. This Agreement constitutes the entire understanding between the parties relating to the provision of services
contemplated herein and there are no covenants, conditions, representations, or agreements, oral or written, of any nature whatsoever,
other than those contained herein, relating to the provision of services contemplated herein.

 

Section 8.          Amendments.
No amendment, alteration, or modification of this Agreement shall be binding upon the parties hereto unless said amendment, alteration,
or modification is in writing and signed by both parties hereto.

 

Section 9.          Severability.
In the event any provision of this Agreement shall be found to be void, the remaining provisions of this Agreement shall nevertheless
be binding with the same effect as though the void part were deleted. If, moreover, any one or more of the provisions contained
in this Agreement shall, for any reason, be held to be excessively broad as to time, duration, geographical scope, activity or
subject, it shall be construed by limiting and reducing it so as to be enforceable to the fullest extent compatible with the applicable
law as it shall then appear.

 

Section 10.         Waiver.
The waiver of a breach of any term of this Agreement by any of the parties hereto shall not operate or be construed as a waiver
by such party of the breach of any other term of this Agreement or as a waiver of a subsequent breach of the same term of this
Agreement.

 

Section 11.         Assignment.
Service Provider shall not assign, transfer, or convey this Agreement, or in any way encumber the compensation or other benefits
payable to it hereunder, except with the prior written consent of the Board of Directors of the Company; provided, however,
Service Provider may assign this Agreement to its affiliates without the prior written consent of the Company. The Company may
assign this Agreement and its rights hereunder in whole, but not in part, to any entity with or into which it may transfer all
or substantially all of its assets (and, in such event, the term “Company” as used herein shall mean and refer to such
successor-in-interest).

 

    	- 4 -

    	 

    

 

Section 12.         Notices.
All notices required or permitted to be given under this Agreement shall be in writing and shall be delivered personally or sent
by facsimile, overnight delivery, or registered mail, return receipt requested, to the parties at the addresses set forth on the
signature page of this Agreement or at such other addresses as either party may designate to the other in writing. Notices delivered
personally or by overnight delivery shall be effective upon delivery. Notices properly addressed and delivered by mail, return
receipt requested, shall be effective five days from deposit with the United States Postal Service. Notices sent by facsimile shall
be effective upon confirmation of transmission.

 

Section 13.         Term.
Subject to the provisions hereinafter set forth, the term of this Agreement shall commence as of the date of this Agreement and
shall end five (5) years from such date (as extended by any Renewal Term, the “Term”) and shall automatically
renew annually for additional one (1) year terms (each individually a “Renew Term”). Notwithstanding anything
in this Agreement to the contrary, this Agreement shall terminate on the earlier of (a) the date the Taglich Founding Investors
or Taglich Equity Investors (as defined in that certain Stockholders Agreement among the Company and the stockholders named therein
dated March 18, 2013) (collectively, “Taglich”) no longer collectively own 50% or more of those equity securities
owned by Taglich on the date of the this Agreement; or (b) the date Service Provider provides written notice to the Company of
its election to terminate this Agreement.

 

Section 14.         Binding
Effect. This Agreement shall be binding on the parties hereto and on their respective heirs, administrators, executors,
successors, and permitted assigns.

 

Section 15.         Counterparts.
This Agreement may be executed in two (2) or more counterparts and by facsimile or portable document format (.pdf), each of which
shall constitute an original, but all of which together shall constitute but a single document.

 

Section 16.         Governing
Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
without giving effect to the conflict of laws provisions. Each party consents to the in personam jurisdiction of the state
and federal courts located in the State of Delaware in connection with any claim or dispute arising under or in connection with
this Agreement. Each party consents to service of process by U.S. mail.

 

Section 17.         Confidential
Information. Service Provider acknowledges that any use of the Company’s Confidential Information (as hereinafter
defined) by Service Provider other than for the sole benefit of the Company and/or its subsidiaries would be wrongful and cause
irreparable harm to the Company. Accordingly, Service Provider shall not, at any time during or subsequent to its engagement by
the Company, without the express written consent of the Board of Directors of the Company, publish, disclose or divulge to any
person, firm or corporation, or use, directly or indirectly, for its own benefit or for the benefit of any person, firm or corporation,
for use other than for the Company and its subsidiaries, any property, trade secrets or Confidential Information of the Company
or its affiliates. “Confidential Information” means and includes all information known or used by the Company,
its subsidiaries and their respective affiliates in their respective businesses which is not otherwise generally known in the industry
(or if generally known, has not become so known due to Service Provider’s breach of this Section 17), including, but not
limited to, all data, reports, interpretations, forecasts, records, statements (written or oral) and documents of any kind relating
to Company’s costs and financial information, manufacturing, methods or processes, market studies, products, existing and
potential customers, expansion plans, acquisition targets, pricing methods and strategies, new product plans and sources of supply.
In addition, all other information disclosed to Service Provider or which Service Provider shall obtain during such employment
with the Company which Service Provider has a reasonable basis to believe is confidential, or which Service Provider has a reasonable
basis to believe the Company treats as confidential, shall be presumed to be Confidential Information.

 

    	- 5 -

    	 

    

 

Section 18.         Waiver
of Jury Trial. EXCEPT TO THE EXTENT PROHIBITED BY ANY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES HERETO HEREBY
WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY
FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND, CAUSE OF ACTION, ACTION, SUIT OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT
OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT OR TORT OR OTHERWISE.
EACH OF THE PARTIES HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY EACH OTHER PARTY THAT THE PROVISIONS OF THIS SECTION 18 CONSTITUTE
A MATERIAL INDUCEMENT UPON WHICH SUCH PARTY IS RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED
HEREBY. EITHER OF THE PARTIES HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE
OF THE CONSENT OF EACH OF THE PARTIES HERETO TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

 

[Signature
Page to Follow]

 

    	- 6 -

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement on the date first above written.

 

	 	UFI ACQUISITION, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:  
	 	 	Address:  

 

	 	TAGLICH PRIVATE EQUITY, LLC
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	Address: 	275 Madison Avenue, Suite 1618
	 	 	 	New York, New York, 10016

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