Masonite Corporation One Tampa City Center 201 N Franklin Street Suite 300 Tampa, FL 33602 " Telephone: (813) 877-2726 www.masonite.com

=    Base Salary: $325,000 annually and paid bi-weekly

Short-Term Incentive: Eligible to participate in the Management Incentive Plan (MIP) per the plan guidelines and as approved by Masonite’s Leadership Team and Board of Directors. Your current target eligibility is 50% of your salary and participation begins as of the first employment date.

Long-Term Incentive New Hire Award: Upon hire you will be granted an Equity Award with a value at grant of $250,000, based on the closing price of Masonite’s stock on your start date. The vesting details of this award are as follows: 40% in Restricted Stock Units (RSUs) - with twenty-five percent (25%) vesting February 27, 2016, twenty-five percent (25%) vesting February 27, 2017, and fifty percent (50%) vesting February 27, 2018.  60% in Performance Restricted Stock Units (PRSUs) which will vest 100% on February 27, 2018 subject to Masonite’s achievement of financial metrics for fiscal year 2017:  Note that should we exceed the target for both metrics, you could be eligible to receive up to a maximum of 200% of your granted number of Performance RSUs.  Further details of this grant will be outlined in an Award Agreement.

Sign-On Bonus: You will be provided a sign-on bonus of $75,000 gross; this will be delivered approximately 6 months from your start date with Masonite as an active employee and will require the signing of a customary reimbursement agreement.

Annual LTI Award: Your position makes you eligible for participation in our Annual Equity Award program, as approved by the Masonite Board of Directors, beginning with the 2016 grant. The target for your position is currently 100% of your base salary. Details of this annual grant will be outlined in an Award Agreement.

=     Full benefits package as per policy including participation in the company’s 401k. Company match would begin at 1 year anniversary.