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

=    Base Salary: $400,000 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 60% of your salary. You will be eligible to participate in the 2016 plan payable in 2017 based on your expected start date of November 2, 2015.

Long-Term Incentive New Hire Award: Upon hire you will be granted an Equity Award of Restricted Stock Units (RSUs) with a grant date value equal to $700,000. The number of RSUs will be calculated using Masonite’s closing stock price on the trading day immediately prior to the grant date. The RSUs will vest as follows: 25% on the first anniversary of the grant date, 25% on the second anniversary of the grant date and 50% on the third anniversary of the grant date. The RSUs will be subject to the terms and conditions of an RSU agreement that will be provided to you to sign and acknowledge upon your hire.

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 expected to occur in February/March of 2016. The target for your position is currently 125% of your base salary. Details of this annual grant will be outlined in an Award Agreement that will be presented following the award.

Sign-On Bonus: You will receive a one-time cash award bonus of $150,000, less applicable withholdings, payable at the end of Q1, 2016. This bonus will include a reimbursement agreement should you choose to leave the company prior to completing two years of employment. If you voluntarily terminate your employment within 24 months of the payment of the signing bonus, a sliding payback scale would be used. 0-12 months, 100%; 13-18 months, 75%; 19-24 months, 50% of the net amount to be paid back.

=     Relocation: You are eligible for company assistance to relocate from your current residence to the Tampa area, through the Masonite Relocation Program “A”, which includes a tax-assisted lump sum miscellaneous allowance of $30,000, available once the relocation actions have been authorized. This program includes a reimbursement schedule. If voluntary termination occurs within 24 months of relocation, a sliding payback scale would be used. 0-12 months, 100%; 13-18 months, 75%; 19-24 months, 50% to be paid back.