0000921895-09-001391 Sample Contracts

SETTLEMENT AGREEMENT
Settlement Agreement • May 14th, 2009 • Legacy Housing, LTD. • Mobile homes • Delaware

This Settlement Agreement, dated as of May 13, 2009 (the “Agreement”), is by and among Cavalier Homes, Inc. (the “Company”), and the members of the Cavalier Homes Committee for Change (the “Committee”) including, Legacy Housing, LTD., GPLH, LC, Shipley Brothers, LTD., K-Shipley, LLC, D-Shipley, LLC, B-Shipley, LLC, Federal Investors Servicing, LTD., Federal Investors Management, L.C., Kenneth E. Shipley, Curtis D. Hodgson, Douglas M. Shipley, Billy G. Shipley and Michael R. O’Connor (each, a “Committee Member,” and collectively, the “Committee Members”).

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