EX-10.10



 Exhibit 10.10 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [...***...]. 

SUPPLY AGREEMENT 
 This SUPPLY
AGREEMENT (this “Agreement”) is entered into as of October     , 2013 (the “Effective Date”), by and between GENERAL ELECTRIC INTERNATIONAL, INC., a Delaware corporation,
through its GE POWER & WATER BUSINESS, having a principal place of business at 1 River Road, Schenectady, NY 12345 (“GEPW” or “Buyer”) and TPI MEXICO, LLC, a Delaware limited liability company,
having a principal place of business at 8501 North Scottsdale Road, Suite 280, Scottsdale, AZ 85253 (“Seller”). 
 1. Buyer
PURCHASES 
 (a) This Agreement provides for the manufacturing, sale and delivery by Seller and the purchase by Buyer or any of its
“Affiliates” (as defined herein) of those goods (“Components”) specified in Appendix 1 during the Term (as defined herein) of this Agreement at the prices agreed to in this Agreement. “Affiliate” with respect to
Buyer and Seller means any entity, including without limitation, any individual, corporation, company, partnership, limited liability company or group, that directly, or indirectly through one or more intermediaries, controls, is controlled by or is
under common control with Buyer or Seller, as applicable. All purchases under this Agreement are subject to issuance of firm purchase orders (“POs” or “Orders”) by Buyer pursuant to the GE POWER AND WATER
STANDARD TERMS REV A (the “GEPW Purchase Terms”), which are attached to this Agreement as Appendix 2 and incorporated herein by reference, and any agreed updates, changes and modifications to the same which have been
executed by written amendment signed by the parties. All POs, acceptances and other writings or electronic communications between the parties shall be governed by this Agreement. In case of conflict, the following order of precedence shall prevail:
a) this Agreement; b) the Attachments to this Agreement; c) individual POs; and d) drawings, specifications and related documents specifically incorporated herein by reference. 

(b) (i) Subject to Seller being able to meet the established quality, technical and qualification requirements for Components, and the possible
reductions in this Section 1 and Section 9 below, Buyer agrees to purchase the minimum number of Components specified in Appendix 1 (the “Minimum Volume Obligation”) during the time periods specified in Appendix 1 (each
a “Purchase Time Period”). In the event that Buyer fails to purchase its Minimum Volume Obligation in a particular Purchase Time Period, Buyer’s sole and exclusive liability with respect to its Minimum Volume Obligation for such
Purchase Time Period shall be calculated as provided in Subsection (b)(iv). 
 (ii) Commencing in calendar year 2014 for Purchase Time Period 2015 and in
each Purchase Time Period thereafter, Buyer shall provide a monthly non-binding forecast to Seller for the anticipated volume in the following Purchase Time Period by no later than September 1 to coincide with the Seller’s global
procurement activities. Commencing in calendar year 2014 for Purchase Time Period 2015 and in each Purchase Time Period thereafter, Seller shall provide Buyer by October 1st (i) a forecast list of parts for each Component model,
identifying all direct materials and the proper country(ies) of origin for each, all indirect materials (other than consumables related to employee protection or consumed in the Production Facility (as defined herein), on a periodic basis),
subassemblies, parts required in the manufacture of such Component, the costs associated with each item and an aggregate cost for all items (a “Bill of Materials”). Seller’s Bill of Materials shall reflect Seller’s actual costs
and usage. 
 (iii) Commencing calendar year 2013 for Purchase Time Period 2013-2014 and for each Purchase Time Period thereafter, Buyer shall issue a PO or
POs to Seller on or before October 31st for its entire forecasted purchase of Components for the following Purchase Time Period (the “October Orders”). Subject to the terms of this Subsection 1(b) (iii) and for Purchase
Time Periods 2015 and 2016 (where Buyer has not exercised its 2016 Volume Reduction Option ( as defined herein)), Buyer shall have the right to increase the number of Components ordered in each such Purchase Time Period by submitting additional
POs’ in December (“December Orders”) and March (“March Orders”); provided that, the October Orders are equal to or greater 

  
 1 








 
than the quantity listed in Appendix la under “Minimum October Orders” (the “October Minimum Orders”) for such Purchase Time Period. In such event, Buyer shall have the right
to increase its December Orders up to Seller’s Guaranteed Capacity when added to the October Minimum Orders or if the aggregate October Orders and the December Orders are equal to or greater than 125 Components place additional March
Orders up to Seller’s Guaranteed Capacity. In the event Buyer’s October Orders are equal to or greater than the October Minimum Orders but Buyer’s October Orders and December Orders are in the aggregate less than 125 Components
Buyer may place additional March Orders up to 125 Components for such Purchase Time Period. [...***...]. Nothing in this Subsection 1 (b)(iii) shall prevent Buyer’s October Orders from equaling Seller’s Guaranteed Capacity.

 (iv) In the event that the aggregate number of Components to be purchased in the October Orders, December Orders and March Orders is less than the
applicable Minimum Volume Obligation for applicable Purchase Time Period, then Buyer shall issue a PO (the “Adjustment PO”) to Seller no later than April 30th of such Purchase Time Period. The dollar amount of the Adjustment PO shall be
calculated by multiplying [...***...]. Payment by Buyer to Seller under the Adjustment PO shall satisfy all of Buyer’s obligations under this Agreement with respect to its commitment to purchase Minimum Volume Obligation during the
applicable Purchase Time Period for which the Adjustment PO was issued. Buyer agrees that to the extent practicable and using its commercially reasonable efforts, it shall place Orders with Seller that create a ratable delivery schedule and level
loaded production schedule over the course of the year. 
 (v) By written notice received by Seller no later than June 30, 2015, Buyer may at its
option elect to reduce the Minimum Volume Obligation for Purchase Time Period 2016 from one hundred and five (105) Components to seventy (70) Components (the “2016 Volume Reduction Option”). [...***...] 1) to [...***...] (plus
[...***...] 2016. If Buyer fails to exercise the 2016 Volume Reduction Option, Buyer’s Minimum Volume Obligation shall remain in effect for Purchase Time Period 2016. 

(c) In addition to any other Buyer’s rights or remedies under this Agreement, commencing on the date after the LD Cap (as defined in Section 3.1 of
the GEPW Purchase Terms) on a PO has been reached, Buyer may at its option elect, without liability to Buyer, to reduce Buyer’s Minimum Volume Obligation in any Purchase Time Period commensurate with the applicable number of Components set
forth in the PO where the LD Cap has been reached. 
 (d) During each applicable Purchase Time Period, Seller shall be obligated to sell to Buyer, in
accordance with the terms of this Agreement, the number of Components set forth on the chart in Appendix 1 under Guaranteed Capacity as more fully defined in Appendix 1. Notwithstanding the foregoing, Buyer shall have no obligation to purchase
in any Purchase Time Period Seller’s Guaranteed Capacity to the extent that it exceeds Buyer’s Minimum Volume Obligation as may be adjusted hereunder. 

(e) Seller covenants and agrees to possess and maintain the necessary capacity, machinery, personnel, resources and space to manufacture and sell to Buyer in
each applicable Purchase Time Period, at its manufacturing facility located at Ave de las Torres 2145, Torres del sur, Cd. Juarez, Mexico 32575 (the “Production Facility’) Seller’s Guaranteed Capacity for each Purchase
Time Period. Seller agrees to make an initial investment in the Production Facility to accommodate Components up to a maximum of [...***...] in length and [...***...] in weight. During the Term, Seller shall not enter into any
contracts that would prevent Seller from complying with its obligations to maintain the Guaranteed Capacity for 

  
 2 








 
each applicable Purchase Time Period provided, however, Seller may manufacture and store products similar to the Components for other customers of Seller provided that such activities do not
violate any term of this Agreement. 
 (f) Buyer shall not have any obligations or responsibility to make any purchases or payments, as the case may be,
pursuant to this Agreement in the event and to the extent Seller is unable, unwilling or incapable of accepting, performing or completing any PO that includes reasonable, mutually agreed upon delivery schedules from Buyer to Seller for Components,
including, without limitation, due to an excused or unexcused performance by Seller under any PO issued pursuant to this Agreement, default or other non-compliance by Seller of its obligations under this Agreement. The Minimum Volume Obligation for
each applicable Purchase Time Period shall be reduced in an amount equal to the number of Components that Seller is unable, unwilling, or incapable of accepting, performing or completing and in the case of a Force Majeure Event (as defined herein)
reduced after the time period set forth in Section 9. 
 (g) Except for Buyer’s obligations pursuant to this Section 1, this Agreement does
not create any commitment by or obligation upon Buyer to place any minimum percentage or volume of its requirements for Components with Seller. As provided for in Section 3, Buyer may terminate this Agreement prior to the expiration of the Term
without liability in the event of any material breach by Seller of the terms of this Agreement. In such event, Buyer shall no longer have any liability to purchase the Minimum Volume Obligation and may exercise its rights in accordance with the
terms of this Agreement. 
 (h) Seller shall use commercially reasonable efforts to become a qualified supplier of Components pursuant to Buyer’s
current qualification program plan (“QPP”). The QPP includes without limitation static and edge fatigue testing (Fatigue Testing”) of a Component. Notwithstanding any conflicting provision in this Agreement, when Seller manufactures a
Component that successfully meets the first piece qualification standard under the QPP, Buyer hereby authorizes and Seller hereby agrees to begin normal production of Components (“First Produced Blades”) prior to the completion of the QPP
and Fatigue Testing. [...***...]. Such costs shall include, without limitation, inspection and repair, but shall not include any removal, replacement, installation or transportation costs. [...***...]. 

2. PRICES AND PAYMENT 
 Component pricing is set forth in
Appendix 1. No extra charges of any kind shall be allowed unless specifically agreed in writing by Buyer. Component prices for each Purchase Time Period shall be subject to change as set forth in Appendix 1 and shall remain firm for PO’s issued
with respect to such Purchase Time Period. In addition, Buyer reserves the right, at any time, to renegotiate pricing for quantities ordered in excess of Guaranteed Capacity. Payment shall be in U.S. Dollars (“USD”). The payment terms are
set forth in Section 2 of the GEPW Purchase Terms attached hereto as Appendix 2. 
 3. TERM AND TERMINATION 

(a) Unless terminated under this Section 3 or other clause of this Agreement providing termination rights, this Agreement shall remain in effect from the
Effective Date to December 31, 2016 (“Term”). 

  
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 (b) Either party may terminate this Agreement if the other party commits a material breach of this Agreement that
remains uncured thirty (30) days after written notice is delivered to such breaching party. In the event Buyer terminates this Agreement due to Seller’s material breach, Buyer may terminate this Agreement, in whole or in part, including
any or all POs issued hereunder, without liability consistent with the rights set forth in Section 11.2 of the GEPW Purchase Terms or as otherwise provided in this Agreement. Without limiting any of Buyer’s other right’s hereunder,
Seller and Buyer agree that late deliveries in calendar year [...***...]. 
 (c) Upon termination of this Agreement for any reason, each party agrees
to return all confidential information of the other party or its Affiliates, and Seller agrees to return to Buyer all Tooling and other property owned by Buyer pursuant to the terms of this Agreement. Buyer shall bear all usual and reasonable costs
of the return of such tooling, test equipment and property. Such returned Tooling, test equipment and property must be fully functional and undamaged, except for reasonable wear; otherwise, Seller shall bear all costs associated with repair or
replacement. 
 (d) All provisions or obligations contained in this Agreement, which by their nature or effect are required or intended to be observed, kept
or performed after the termination or expiration of this Agreement shall survive and remain binding upon and for the benefit of the parties, their successors and permitted assigns. 

4. NOTICES 
 All notices under this Agreement shall be
deemed to have been effectively given when sent by facsimile or mailed via certified mail return receipt requested, properly addressed to the other party at the address below or at such other address as the party has designated in writing. 

 

					
	 Buyer
	  	 Supplier
	  	 
	 ATTN: [...***...]

1 River Road, Building 53

Schenectady, NY 12345
 [...***...]

[...***...]
	  	 ATTN: [...***...]

8501 N. Scottsdale Rd., Suite 280

Scottsdale, AZ 85253
 [...***...]

[...***...]
	  	

 5. TOOLING 
 (a) Buyer
shall purchase from Seller or an Affiliate of Seller, Tooling, (as defined herein), for use in Seller’s Production Facility solely for the manufacture of the Components hereunder. For the purposes of this Agreement, the term “Tooling”
shall mean all of the molds, including the associated plugs and fixtures, and any other tools or capital equipment listed under First Mold and Second Mold in Appendix Id. Within [...***...] of the Effective Date of this Agreement, Buyer agrees
to deliver [...***...] firm purchase orders for the purchase of the Tooling at the prices set forth in Appendix Id. At any time on or after title transfers to Buyer or complete payment by Buyer to Seller of any piece of Tooling, Seller shall,
upon request from Buyer, execute and deliver to Buyer such bills of sale, instruments of conveyance, certificates or other documentation and take such other actions as Buyer may reasonably request in order to confirm and complete transfer ownership
of such Tooling from Seller to Buyer. In addition, Buyer may provide to Seller tooling, tools or capital equipment determined by Buyer and Seller to be suitable for use in the Production Facility and Storage Yard (“Buyer Provided
Tooling”). The terms and conditions relating to use of any Buyer Provided Tooling shall be made by means of an amendment to this Agreement. Except for repairs or replacements as set forth below, Buyer shall have no further obligation to
purchase or provide Tooling for the manufacture of the Components. 

  
 4 








 Seller represents and warrants that the Tooling is capable of producing Components that meet Buyer’s
quality, technical, volume and qualification requirements for Components. 
 (b) Buyer shall pay all shipping, transport costs, duties, value added taxes
and any other applicable taxes with respect to relocating Tooling and installing it at the Production Facility. Seller shall ensure that, while in its possession, it shall not cause or allow the Tooling to be subject to any claims, liens or
encumbrances except to the extent that any claim alleges that the design of the Tooling to the extent that the design is provided by Buyer to Seller, infringes the rights of a third party, as that portion of any claim shall not be Seller’s
responsibility under this Section 5. Upon any of the Tooling reaching the end of its useful life, and where such Tooling is still necessary for the ongoing manufacture of Components pursuant to this Agreement, Buyer shall repair or replace such
Tooling at its sole cost and expense except to the extent that such replacement was necessitated by Seller’s misuse, abuse, or failure to properly maintain such Tooling in which case the cost of such replacement Tooling shall be borne by both
Buyer and Seller in an amount to be negotiated and agreed upon by the parties. Tooling, including any repaired or replaced Tooling or any part thereof or any materials affixed or attached thereto, shall be, and remain, the sole and exclusive
property of Buyer. 
 (c) Without the prior written consent of Buyer, Seller shall not: (i) substitute any Tooling to be used on Buyer’s POs,
(ii) dispose of, change or move the Tooling from the Production Facility, or (iii) use the Tooling for any purpose other than to manufacture Components for Buyer. 

(d) Seller shall conspicuously identify and label each piece of Tooling and, whenever practical, each individual item thereof, as the property of Buyer and
shall safely store the Tooling separate and apart from Seller’s property at Buyer’s expense. 
 (e) Seller shall keep the Tooling in a good and
safe working condition and in compliance with all applicable laws at its own cost and expense, in its own custody at the Production Facility, and at all times shall exercise reasonable care and control in using the Tooling so that upon return to
Buyer, (lie Tooling shall be in as good of a working order and in as good of a condition as it was upon delivery, except for reasonable wear and tear consistent with the Tooling’s intended use during its projected useful life (which for molds,
excluding any associated plugs, is 333 Component sets). Buyer may enter the Production Facility of Seller at any reasonable time to conduct a physical inspection and inventory of the Tooling. 

(f) Seller shall inspect the Tooling prior to use and shall train and supervise its employees in the proper and safe operation of the Tooling. Further, Seller
shall release, defend, hold harmless and indemnify Buyer, its Affiliates and each of their directors, officers, employees, agents representatives, successors and assigns from any and all claims, demands, losses, judgments, damages, costs, expenses
or liabilities arising from any negligent act or omission of Seller related to the Tooling while it is in Seller’s care, custody and/or control. 
 (g)
The Tooling, while in Seller’s care, custody and/or control, shall be: (i) held at Seller’s risk and (ii) kept insured by Seller with loss payable to Buyer in an amount equal to the replacement cost and against loss or damage by
fire, flood and other common perils by an insurance company acceptable to Buyer. Seller shall deliver proof of such insurance to Buyer within fifteen (15) days of the signing of this Agreement. 

(h) The Tooling shall be subject to removal at Buyer’s written request, in which event Seller shall prepare the Tooling for shipment and shall redeliver
such Tooling to Buyer in the same condition as originally received, excluding normal wear and tear consistent with the Tooling’s intended use during its projected useful life (which for molds, excluding any associated plugs, is 333 Component
sets), otherwise Seller shall bear all costs associated with repair or replacement of the Tooling. Buyer shall bear all usual and reasonable costs of the removal and return of the Tooling. 

  
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 (i) In addition to any other representations or warranties made with respect to the Tooling, Seller represents
and warrants that the Tooling at the time of purchase shall be: (i) free of any claims of any nature and Seller will cause any lien or encumbrance asserted to be discharged, at its sole cost and expense, within [...***...] of its
assertion (provided such liens do not arise out of Buyer’s failure to pay amounts not in dispute under this Agreement or an act or omission of Buyer); (ii) new and of merchantable quality, not used, rebuilt or made of refurbished material
unless approved in writing by Buyer; (iii) free from all defects in workmanship and material; (iv) provided in strict accordance with all specifications, samples, drawings, designs, descriptions or other requirements approved or adopted by
Buyer; and (v) fit and sufficient for its intended use. 
 6. COMPLIANCE AND GOVERNING OF LAW 

Seller represents and warrants that it shall comply with all laws applicable to this Agreement, and acknowledges that it has received, reviewed and agrees to
follow the GE Energy Integrity Guide for Suppliers, Contractors and Consultants set forth in Appendix 3. This Agreement shall be governed by New York law, excluding its conflicts of law rules. All disputes relating to this
Agreement that cannot be resolved by negotiation shall be resolved by litigation in the state or federal courts of New York. All rights of the parties are as set forth in this Agreement. 

7. COSTS AND ATTORNEYS’ FEES 
 Except as otherwise
provided in this Agreement, each of the parties shall bear its own costs related to the business relationship contemplated herein, including the fees and expenses of its advisors, attorneys and accountants. The prevailing party in any legal action
brought by one party against the other arising out of this Agreement shall be entitled, in addition to any other rights it may have, to reimbursement of its reasonable costs and expenses associated with such legal action, including court costs,
arbitration costs and reasonable attorneys’ fees. 
 8. ASSIGNMENT, CHANGE OF CONTROL, WAIVER AND SURVIVAL 

(a) Buyer may assign this Agreement to any of its Affiliates. Because performance of this Agreement is specific to Seller, Seller may assign this Agreement
subject to all of Buyers qualification requirements, only upon Buyer’s prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. Notwithstanding the foregoing, except with respect to Competitors (as
defined herein) of Buyer, Seller may assign this Agreement without the written consent of Buyer to a corporation or other business entity in a Change of Control (as defined herein). Seller shall provide Buyer with written notice of any Change of
Control (a “Change of Control Notice”) within seven (7) days of such Change of Control, but in no event later than the closing related to such Change of Control. 

(b) Notwithstanding anything herein to the contrary, Buyer may terminate this Agreement (together with all outstanding POs hereunder) without any liability
immediately upon giving written notice to Seller where: 
 (i) Seller fails to provide Buyer with a Change of Control Notice within seven
(7) days of such Change of Control, but in no event later than the closing related to such Change of Control; 
 (ii) any time after the
receipt of the Change of Control Notice or the closing of such Change of Control if such Change of Control involves an Acquirer (as defined herein) who is a Competitor of Buyer; or 

(iii) if Seller, an Acquirer or any of their successors or assigns becomes, directly or indirectly, a Competitor of Buyer. 

  
 6 








 In no event shall Seller, an Acquirer or any of their successors or assigns be entitled to any
termination costs in the event that Buyer exercises its termination rights under this Section 8. 
 “Change of Control” means the execution
of a purchase agreement, merger agreement or other similar definitive agreement with a third party (an “Acquirer”) with respect to: (a) a merger, consolidation, business combination or similar transaction directly or indirectly
relating to Seller or any of its Affiliates; (b) the sale of [...***...] or more of the voting or capital stock of Seller or any of its Affiliates; (c) the sale or transfer of all or any substantial portion of the assets
relating to the business of the manufacture of wind turbine blades of Seller or any of its Affiliates; or (d) any liquidation or similar extraordinary transaction with respect to Seller or any of its Affiliates, provided in each case that a
Change of Control shall not include: (i) any public offering; or (ii) an internal restructuring of the Seller or any of its Affiliates in the ordinary course of its business. “Competitor of Buyer” means, any person or entity
[...***...]. 
 (c) No claim or right arising out of a breach of this Agreement shall be discharged in whole or part by waiver or renunciation unless
such waiver or renunciation is supported by consideration and is in writing signed by the aggrieved party. No failure by either party to enforce any rights hereunder shall be construed a waiver. All parts of this Agreement relating to liability and
its limitations, warranties, indemnities and confidentiality shall survive expiration and termination of this Agreement. 
 9. FORCE MAJEURE 

Neither party shall be liable for any failure or delay in performance caused by or due to acts of God, war, riot, terrorism, sabotage, accident or casualty, or
other causes beyond the reasonable control of the party that are without the fault or negligence of such party (a “Force Majeure Event”), provided that the delayed party: (i) gives the other party written notice of such cause
promptly, and in any event within seventy-two (72) hours of discovery thereof, and (ii) uses its reasonable efforts to correct such failure or delay in its performance. Notwithstanding the foregoing, (i) if Seller is unable to perform
for more than [...***...] due to any such circumstances, Buyer’s purchase commitment (Buyer’s Minimum Volume Obligation) set forth in Section 1 shall be reduced in an amount equal to the number of Components that Seller is not
able to deliver due to the Force Majeure Event (“Undelivered Blades”), and Buyer may procure the Undelivered Blades from other suppliers without penalty or further liability to Seller, and/or (ii) if Seller is unable to perform for
more than [...***...] due to any such circumstances, Buyer may terminate this Agreement and/or any outstanding PO without penalty or further liability to Seller. A Force Majeure Event shall also include labor strikes, work stoppages and
scarcity of raw materials caused by military or political conflicts which are not specific to Seller or Seller’s Production Facility and, in the case of scarcity of raw materials, only in the event that Seller has maintained reasonable
inventory levels and has maintained a reasonable number of alternative suppliers all of which are unable to perform because of the same Force Majeure Event. 

10. NEW COMPONENTS; EXTENSION OF LENGTHS OF COMPONENTS. 

(a) In the event that Buyer proposes a new blade model during the Term, the parties agree to the Minimum Volume Obligation under this Agreement shall remain
the same and any remaining Minimum Volume Obligation for a Purchase Time Period shall be applied to the new model provided that no other model is being produced in which case the parties shall agree on the allocation between the models. Seller shall
quote a price for such new blade model and establish an initial bill of material, and delivery schedule for such model based on a maximum of [...***...] calculated using agreed on [...***...]. The price quoted by Seller


  
 7 








 
shall also include [...***...] shall be documented in writing by Seller). 
 (b) The parties
agree that a change by Buyer of either (i) the length of the [...***...] blade Component to a [...***...] blade Component or (ii) change in composition of the [...***...] Component to a [...***...] based version of
this Component shall not be treated as a “new blade model” under this Agreement, but rather as a PO change subject to the provisions of Section 6 of the GEPW Purchase Terms, provided that, in the case of (i) the blade extension
occurs at the [...***...] mark. Buyer and Seller agree that the prices set forth on Appendices 1c, le, lf and Ig are estimates based on Seller’s projected use of certain amounts of materials necessary for Seller’s production of these
new blade models set forth on Appendices lc and le and may be subject to change based on the final design requirements, specifications, bill of materials and costs as of the date of any such change. Notwithstanding the foregoing, in the event that
Seller increases or decreases the price or usage from the prices set forth in Appendices lc and le Seller shall provide Buyer with such documentation validating the increase or decrease in its cost and usage. 

11. ENTIRE AGREEMENT 
 This instrument, with such
documents expressly incorporated by reference, is intended as a complete, exclusive and final expression of the parties’ agreement with respect to such terms as are included herein. There are no representations, understandings or agreements,
written or oral, which are not included herein. This Agreement may be executed in one or more counterparts in facsimile or other written form, each of which shall be considered an original instrument, but all of which shall be considered one and the
same agreement, and shall become binding when one or more counterparts have been signed by each of the parties hereto and delivered to the other party. 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by these respective authorized representatives as of the Effective Date first
set forth above. 
  

									
	GENERAL ELECTRIC INTERNATIONAL, INC.	 		 	TPI MEXICO, LLC
					
	Signed:	 	  
	 		 	Signed:	 	 [...***...]

	Named:	 	  
	 		 	Named:	 	[...***...]
	Title:	 	  
	 		 	Title:	 	 [...***...]

					
	Date:	 	  
	 		 	Date:	 	October 18, 2013


  
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 ATTACHMENTS 

Appendix 1: Description, Quantity and Price List of Components 

Appendix la: Minimum October Orders 

Appendix lb: [...***...] Bill of Materials 

Appendix lc: [...***...] Bill of Materials 

Appendix 1d: Seller Provided Tooling List 

Appendix le: [...***...] Preliminary Bill of Materials 

Appendix 1f: Preliminary Pricing of [...***...] and [...***...] 

Appendix 1g: [...***...] Baseline Assumptions 

Appendix 2: GEPW Purchase Terms 
 Appendix 3: GE
Power & Water Integrity Guide for Suppliers, Contractors and Consultants 

  
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 Appendix 1 

Description, Quantity and Price List of Components 

Components: 
 For purposes of this
Agreement, the term Component shall mean the wind turbine blade specified in Buyer’s drawing number [...***...], which specifications may be changed by Buyer and agreed to by the Seller from time to time. Components shall be delivered in
three blades per set. In addition, when the term Component(s) is used in this Agreement in reference to the quantity ordered, price per Component, Buyer’s Minimum Volume Obligation and Seller’s Guaranty Capacity the number referred to
means three blades per Component which is also referred to herein as “sets” or Component sets. 
 Purchase Time Periods, Volumes, Pricing,
Guaranteed Capacity and Minimum Volume Obligations 
  

															
	  	 	  	 	 [...***...]

	 	[...***...]	 	  	 	  
	 Purchase
Time
 Period
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	 Guaranteed

Capacity
	 	 Minimum

Volume

Obligation

	 2013/2014
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	n/a	 	n/a
	 Combined
	 	 	 	 	 	 	 	 	 	 	 	n/a	 	n/a
	 Effective Date
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 		 	 
	 to
	 		 		 		 		 		 	70 sets	 	70 sets
	
12/31/2014
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Calendar year

2015
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	140 sets**	 	105 sets
	
Calendar

Year

2016
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	140 sets**	 	105 sets
	
Calendar Year 2016

with Reduced

Minimum Volume

Obligation Option
	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	[...***...]	 	70 sets	 	70 sets
	 
	
*       Prior to annual adjustments as set forth in Appendix 1

	
**     This becomes 210 sets based on the terms set forth in Appendix 1 for use of the Transition Space


 Set forth in the chart above are the Purchase Time Periods, the unadjusted pricing for such Purchase Time Period,
Seller’s Guaranteed Capacity (as defined below) for such Purchase Time Period and Buyer’s Minimum Volume Obligation for such Purchase Time Period. In addition, the chart above also indicates the pricing for the First Piece Qualification
(“FPQ”) and Pilot Lot Qualification (‘PLQ”) blades as required by the QPP. In addition, to the FPQ and PLQ pricing, Buyer shall also pay Seller for the following non-recurring expenses which are also incurred during the QPP. 

[...***...] 

  
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 [...***...] 

Guaranteed Capacity 
 The parties agree that Seller’s
guaranteed capacity at Seller’s Production Facility to Buyer shall be equivalent to and equal to the capacity of [...***...] (“Guaranteed Capacity”). Seller shall also allocate space for a [...***...] as transition space
(the “Transition Space”) to accommodate new Buyer blade models for Seller’s North American operations. Commencing in calendar year [...***...], the Transition Space may, as agreed upon by the parties, be used as interim
production space for Components when such space is not being used to qualify new blade models or transition to new blade models on the [...***...]. In the event the Transition Space is used to produce Components the Guaranteed Capacity shall
be increased to two hundred and ten (210) Components in Purchase Time Periods [...***...] and [...***...]. 
 Pricing Adjustment,
Shared-Pain/ Gain Adjustment, Productivity Adjustment 
 Beginning in Purchase Time Period [...***...] and subject to the Shared Pain/ Gain
Adjustment (as defined below) and the Productivity Adjustment (as defined below) the price for Components as set forth in the chart above, [...***...] each Purchase Time Period. Seller shall document in each Purchase Time Period any change in
Seller’s (i) price of Bill of Materials, (ii) direct labor rates for personnel manufacturing the Components (to the extent any increase in direct labor costs is consistent with market rates in the manufacturing location) and (iii) any decrease
in the usage of the items on Seller’s Bill of Materials from the previous Purchase Time Period. The foregoing categories (i), (ii) and (iii), are collectively referred to herein as the “Adjustment Categories”. Beginning in Purchase
Time Period [...***...], the price for Components shall [...***...] of the change, if any, in the costs in the Adjustment Categories (“Shared Pain/ Gain Adjustment”) from the Adjustment Categories costs in the previous Purchase
Time Period. Price adjustments shall be made [...***...] of each Purchase time Period for the upcoming Purchase Time Period. In addition to the Shared Pain/Gain Adjustment, Seller agrees to [...***...]. In calculating the
[...***...]. Notwithstanding anything to the contrary contained herein, the parties agree that in no event shall any Shared Pain/Gain Adjustment or any Productivity Adjustment be made to the Component pricing to the extent that such
adjustments, individually or in combination, would result in a gross margin for any Component model of [...***...]. 
 Storage Yard 

(a) Seller shall operate a storage facility located in Santa Teresa, New Mexico (the “Storage Yard”), with a maximum storage capacity of
[...***...] Components. 
 (b) Seller shall deliver the finished Components to the Storage Yard in shipping fixtures provided by Buyer that are
capable of appropriately transporting the Components from the Production Facility to the Storage 

  
 13 








 
Yard. Buyer shall provide shipping fixtures to the Storage Yard. Seller shall be responsible for transfer of the shipping fixtures to the Production Facility for the loading and transportation of
the blades to the Storage Yard. Seller shall be responsible for the proper care of the shipping fixtures, and all unloading of trailers at the Storage Yard. All damages or losses at the Storage Yard, including without limitation, the Components
shall be borne by Seller, and Seller shall be responsible for insuring against risk of loss or damage at the Storage Yard.. The parties understand that Seller shall have no obligation to provide any storage of finished Components at the Production
Facility. 

  
 14 








 Appendix 1a 
  

			
	 Purchase Time

Period
	 	
Minimum
 October

Orders

	 2015
	 	95
	 2016
	 	95


  
 15 








 Appendix lb: [...***...] Bill of Materials 

[...***...] Bill of Materials 

[...***...] 
 [PAGES 16-18 OF APPENDIX 1B
HAVE BEEN REDACTED] 

  
 16 








 [...***...] 

  
 17 








 [...***...] 

  
 18 








 Appendix 1c: [...***...] Bill of Materials 

[...***...] 
 [PAGES 19-21 OF APPENDIX 1C
HAVE BEEN REDACTED] 

  
 19 








 [...***...] 

  
 20 








 [...***...] 

  
 21 








 Appendix 1d: Seller Provided Tooling list 

SELLER PROVIDED TOOLING BILL OF MATERIALS  
  





 

  
 22 








 Appendix 1e: [...***...] Preliminary Bill of Materials 

[...*** ...] Preliminary Bill of Materials 

[...***...] 
 [PAGES 23-25 OF APPENDIX 1E
HAVE BEEN REDACTED] 

  
 23 








 [...***...] 

  
 24 








 [...***...] 

  
 25 








 Appendix 1f 

Preliminary Price Comparison [...***...] 

[...***...] 

  
 26 








 Appendix 1g: [...***...] Baseline Assumptions 

[...***...] 

  
 27 








 Appendix 2 

GE POWER & WATER STANDARD TERMS OF PURCHASE REV. A (modified) 

1. ACCEPTANCE OF TERMS. Seller agrees to be bound by and to comply with all terms set forth herein and in the purchase order, to which these terms are
attached and are expressly incorporated by reference (collectively, the “Order”), including any amendments, supplements, specifications and other documents referred to in this Order. Acknowledgement of this Order including without
limitation, by beginning performance of the work called for by this Order, shall be deemed acceptance of the Order. The terms set forth in this Order take precedence over any alternative terms in any other document connected with the transaction
unless such alternative terms are: (a) part of a written supply agreement (“Supply Agreement”), which has bet negotiated between the parties and which the parties have expressly agreed may override these terms in the event of a
conflict and/or (b) set forth on the face of the Order to which these terms arc attached. In the event these terms are part of a written Supply Agreement between the parties, the term “Order” used herein shall mean any purchase order
issued under the Supply Agreement This Order does not constitute an acceptance by Buyer of any offer to sell, any quotation, or any proposal. Reference in this Order to any such offer to sell, quotation or proposal shall in no way constitute a
modification of any of the terms of Ibis Order. ANY ATTEMPTED ACKNOWLEDGMENT OF THIS ORDER CONTAINING TERMS INCONSISTENT WITH OR IN ADDITION TO THE TERMS OF THIS ORDER IS NOT BINDING UNLESS SPECIFICALLY ACCEPTED BY BUYER IN WRITING. 

2. PRICES, PAYMENTS AND QUANTITIES. 
 2.1 Prices.
All prices are firm and shall not be subject to change. Seller’s price includes all payroll and/or occupational taxes; any value added tax that is not recoverable by Buyer and any other taxes, fees and/or duties applicable to the goods and/or
service purchased under this Order; provided, however, that any value added tax that is recoverable by Buyer, state and local sales, use excise and/or privilege taxes, if applicable, will not be included in Seller’s price but will be separately
identified on Seller’ invoice, if Seller is obligated by law to charge any value added and/or similar tax to Buyer, Seller shall ensure that if sue value added and/or similar tax is applicable, that it is invoiced to Buyer in accordance with
applicable rules so as to allow Buyer to reclaim such value added and/or similar tax from the appropriate government authority. Neither party is responsible for taxes on the other party’s income or the income of the other party’s personnel
or subcontractors. If Buyer is required by government regulation to withhold taxes for which Seller is responsible, Buyer will deduct such withholding tax from payment to Seller an provide to Seller a valid tax receipt in Seller’s name, If
Seller is exempt from such withholding taxes or eligible for a reduced rate of withholding tax as a result of a tax treaty or other regime, Seller shall provide to Buyer a valid tax residency certificate or other documentation, as required by the
applicable government regulations, at a minimum of thirty (30) days prior to payment being due. Seller agrees that it will not sell \goods using comparable material systems and technology to other customers at more favorable gross margins than
those given Buyer. 
 2.2 Payments. 
 (a)
Payment Terms. Unless otherwise stated on the face of this Order, Buyer will initiate payment on or before [...***...] from the Payment Start Date. The [...***...] after the Payment Start Date shall hereinafter be referred to as
the “Net Due Date”. The Payment Start Date is the latest of the required date identified on the Order, the date of receipt of valid invoice by Buyer, or the received date of the goods and/or services in Buyer’s receiving system. The
received date of the goods and/or services in Buyer’s receiving system will occur: (i) in the case where the goods are placed in the Storage Yard (as defined in the Supply Agreement within forty-eight (48) hours of the goods being
placed in the Storage Yard; (ii) in the case where services are performed directly for Buyer, within forty-eight (48) hours of Buyer’s physical receipt of the services; or (iii) in the case of services performed directly for a
third party in accordance with this Order, within forty-eight (48) hours of Buyer’s receipt of written certification from Seller of completion of the services. 

(b) Discounts. Buyer shall be entitled, either directly or through an Affiliate (defined in subsection (c) below) of Buyer to lake an early
payment discount of [...***...] (the “Daily Base Discount Rate”) for each day before the New Due Date that payment is initiated. For example, a discount of [...***...] would correspond to payment initiated [...***...]
early (i.e., [...***...] after the Payment Start Date) and a discount of [...***...] would correspond to payment initiated [...***...] early (i.e., [...***...] after the Payment Start Date). Unless otherwise agreed, Buyer
agrees not to apply more than [...***...] early payment equal to [...***...] early payment reduction. The Daily Discount Rate is based on a “Prime Rate” (defined below) of [...***...] (the “Base Prime Rate”). If
the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted upward or downward on [...***...] fluctuation between the Prime Rate and the Base Prime Rate on such date;
provided, however, that if the Prime Rate ever falls below the Base Prime Rate, then the Daily Discount Rate will never fall below [...***...]. If the Daily Discount Rate is adjusted on the [...***...] as set forth above, then such
adjusted Daily Discount Rate will be applicable to all 

  
 28 








 
invoices posted for payment during the following month. For purposes of this Section, “Prime Rate” shall be the Prime Rate as published in the “Money Rates” section of
The Wall Street Journal (or, in the event that such rate is not so published, as published in another nationally recognized publication) on [...***...]. For example, if the Prime Rate exceeds the Base Prime Rate by [...***...],
the Daily Discount Rate for the following [...***...] will increase by [...***...]. Notwithstanding Buyer’s obligations in Section 2.2(a), if the Net Due Date falls on a weekend or a holiday, the Net Due Dale will be moved to
the next business day (the “Reset Net Due Date”). If Buyer initiates payment before such Reset Net Due Date and takes an early payment discount as set forth above, Buyer will be entitled to take the early payment
discount based upon each day payment is initiated before the Reset Met Due Date. If Buyer and Seller agree that Buyer may lake a fixed-percentage early payment discount (the “Flat Discount’’) whereby Buyer will take the Flat Discount
for initiating payment on or before a date certain prior to the Net Due Date or the Reset Net Due Date, if applicable (the “Flat Discount Date”), e.g., [...***...] discount for initiating payment on or before [...***...] after
the Payment Start Date, and the Flat Discount Date falls on a weekend or a holiday, Buyer shall be entitled to initiate payment to Seller on the next business day following the Flat Discount Date and take the Flat Discount as if it initiated payment
on the Flat Discount Date. Each discount will be rounded to the nearest one hundredth of a percent. Notwithstanding anything to the contrary in this Order, if Buyer elects to take the early payment discount to settle an invoice, Seller acknowledges
and confirms that: (1) title to the goods and services shall pass directly to General Electric Capital Corporation (“GE Capital”) in accordance with the terms of this Order; (2) once title to the goods and services has passed to
GE Capital, GE Capital shall immediately and directly transfer such title to Buyer; and (3) any and all of the obligations, including representations and warranties Seller has provided with respect to the goods and services, shall be retained
by Buyer, and Buyer may rely upon the same. 
 (c) Miscellaneous. Payment shall be in US dollars. Seller’s invoice shall in all cases bear
Buyer’s Order number and shall be issued no later than [...***...] after receipt of the goods by Buyer and/or Seller’s completion of the services. Buyer shall be entitled to reject Seller’s invoice if it fails to include
Buyer’s Order number, is issued after the time set forth above or is otherwise inaccurate, and any resulting: (i) delay in Buyer’s payment: or (ii) nonpayment by Buyer shall be Seller’s responsibility. Seller warrants that
it is authorized to receive payment in the currency stated in this Order, No extra charges of any kind will be allowed unless specifically agreed in writing by Buyer, Buyer shall be entitled at any time to set-off any and all amounts owed by Seller
to Buyer or a Buyer Affiliate (defined below) on this or any other order. “Affiliate” shall for the purposes of this Order mean, with respect to either party, any entity, including without limitation, any individual, corporation, company,
partnership, limited liability company or group, that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such party. 

2.3 Quantities. 
 (a) General. Buyer is not
obligated to purchase any quantity of goods and/or services except for such quantity(ies) as may be specified either: (i) on the face of an Order; (ii) in a release on the face of an Order; or (iii) on a separate written release
issued by Buyer pursuant to an Order. Unless otherwise agreed to in writing by Buyer, Seller shall not make material commitments or production arrangements in excess of the quantities specified in Buyer’s Order or release and/or in advance of
the lime necessary to meet Buyer’s delivery schedule, Should Seller enter into such commitments or engage in such production, any resulting exposure shall be for Seller’s account. Goods delivered to Buyer in excess of the quantities
specified in Buyer’s Order or release and/or in advance of schedule may be returned to Seller at Seller’s risk and expense, including but not limited to any cost incurred by Buyer related to storage and handling of such goods. 

(b) Replacement Parts. Replacement parts for goods purchased by Buyer hereunder are for the purpose of this Section defined as “Parts” and
are included in the definition of “goods” under this Order. For all goods ordered by Buyer’s Measurement and Control Solutions, Industrial Solutions or Wind Energy businesses and if expressly required on the face of this Order by
another Affiliate, group, division and/or business unit of Buyer, Seller shall provide Parts: (i) to Buyer’s Measurement and Control Solutions and Industrial Solutions businesses for a period of [...***...]; and (ii) to
Buyer’s Wind Energy business for a period of [...***...]. Seller shall continue to supply such Parts past the [...***...] or [...***...] for so long as the Seller continues to produce goods for Buyer. After a good is no longer
in production, the prices for Parts shall be [...***...] of those amounts. No minimum order requirements shall apply unless the parties mutually agree in advance. After the end of the above referenced periods, Seller shall continue to maintain
in good working condition all Seller-owned tooling required to produce the Parts, and shall not dispose of such tooling without first contacting Buyer and offering Buyer the right to purchase such tooling from Seller. Seller’s obligations with
regard to Buyer owned tooling are set forth in Section 4, “Buyer’s Property”. 
 3. DELIVERY AND TITLE PASSAGE. 

3.1 Delivery. Time is of the essence of this Order. If Seller delivers (he goods later than scheduled, Buyer may assess the following amounts as
liquidated damages for the delay period; provided however, if Seller is [...***...] liquidated damages may be assessed. Where Seller is [...***...], Seller shall pay to Buyer an amount equal to [...***...] (“LD Cap”). For
the avoidance of doubt, in determining any liquidated damages delay period, good deliveries pursuant to this Order shall be applied sequentially to 

  
 29 








 
the scheduled delivery dates on a first-in, first-out basis, with each good delivered allocated first to the earliest open scheduled good delivery date. The parties agree that the above amounts,
arc for damages resulting from the delay period only; are a reasonable pre estimate of such damages Buyer will suffer as a result of delay based on circumstances existing at the time this Order was issued; and are to be assessed as liquidated
damages and not as a penalty. In addition to the Liquidated Damages set forth above, Seller agrees to pay the costs actually incurred by the Buyer in transportation over and above normal transportation costs, up to a maximum of
[...***...], during the period of time starting [...***...] after the delivery date. Except as otherwise set forth in the Supply Agreement, Buyer’s sole remedy for damages for late delivery during the delay period shall be limited
to the receipt of the amount of the LD Cap from Seller until [...***...] after the LD Cap has been reached after which Buyer may avail itself of any other remedies for breach that exist in this Order (including termination for Seller’s
breach of its delivery obligations). Notwithstanding anything herein to the contrary, and without limiting Buyer’s other rights herein, no liquidated damages shall apply to laic delivery during calendar year [...***...]. All delivery
designations are INCOTERMS 2010. Unless otherwise stated on the face of this Order, all goods provided under this Order shall be FCA Storage Yard. Notwithstanding the foregoing Incoterm, Seller shall not be responsible for clearing the goods for
export. 
 3.2 Title Passage. Unless otherwise stated on the face of this Order, title to all goods provided under this Order shall pass when the
goods are delivered and loaded by Seller onto Buyer’s carrier at the Storage Yard for delivery to all locations. Notwithstanding anything herein to the contrary, all damages and losses at the Storage Yard, including, without limitation, the
goods will be borne by Seller, and Seller will be responsible for insuring against the risk of loss or damage at the Storage Yard. 
 4. BUYER’S
PROPERTY. Unless otherwise agreed in writing, all tangible and intangible property, including, but not limited to, information or data of any description, tools, materials, drawings, computer software, know-how, documents, trademarks,
copyrights, equipment or material furnished to Seller by Buyer or specifically paid for by Buyer, and any replacement thereof, or any materials affixed or attached thereto, shall be and remain Buyer’s personal property, Except as set forth in
Section 5 of the Supply Agreement, such property furnished by Buyer shall be accepted by Seller “AS IS” with all faults and without any warranty whatsoever, express or implied. Seller shall use such property at its own risk, and Buyer
makes no warranty or representation concerning the condition of such properly. Such property and, whenever practical, each individual item thereof, shall be plainly marked or otherwise adequately identified by Seller as Buyer’s property, safely
stored separate and apart from Seller’s property and properly maintained by Seller, Seller further agrees to comply with any handling and storage requirements provided by Buyer for sue]) properly. Seller shall not substitute any other property
for Buyer’s properly. Seller will inspect Buyer’s property prior to use and will train and supervise its employees and other authorized users of such property in its proper and safe operation. Seller shall use Buyer’s properly only to
meet Buyer’s orders, and shall not use it, disclose it to others or reproduce it for any other purpose. Such property, while in Seller’s care, custody or control, shall be held at Seller’s risk, shall be kept free of encumbrances and
insured by Seller at Seller’s expense in an amount equal to the replacement cost thereof with loss payable to Buyer and shall be subject to removal at Buyer’s written request, in which event Seller shall prepare such properly for shipment
and redeliver to Buyer in the same condition as originally received by Seller, reasonable wear and tear excepted, all at Seller’s expense. As noted in Section 15.4(b), “Assists”, any consigned material, tooling or technology used
in production of the goods shall be identified on the commercial or pro forma invoice used for international shipments. Buyer hereby grants a non-exclusive, non-assignable license, which is revocable with or without cause at any time, to Seller to
use any information, drawings, specifications, computer software, know-how and other data furnished or paid for by Buyer hereunder for the sole purpose of performing this Order for Buyer. Buyer shall own exclusively all rights in ideas, inventions,
works of authorship, strategies, plans and data created in or resulting from Seller’s performance under this Order, including all patent rights, copyrights, moral rights, rights in proprietary information, database rights, trademark rights and
other intellectual property rights, All such intellectual property that is protectable by copyright will be considered work(s) made for hire for Buyer (as the phrase “work(s) made for hire” is defined in the U.S. Copyright Act
(17 U.S.C. § 101)) or Seller will give Buyer “first owner” status related to the work(s) under local copyright law where the work(s) was created, If by operation of law any such intellectual properly is not owned in its
entirety by Buyer automatically upon creation, then Seller agrees to transfer and assign to Buyer, and hereby transfers and assigns lo Buyer, the entire right, title and interest throughout the world to such intellectual property, Seller further
agrees to enter into and execute any documents that may be required to transfer or assign ownership in and lo any such intellectual property to Buyer. Notwithstanding the foregoing, the mutual non-disclosure agreement dated September 27,2013
between General Electric Company acting though its Power & Water business and TPI Composites, Inc. (“MNDA”) shall govern in the event there is a conflict with this section as to any project referenced in the MNDA that may pertain
to this Order. Should Seller, without Buyer’s prior written consent and authorization, design or manufacture for sale to any person or entity other than Buyer any goods substantially similar to, or which reasonably can substitute or repair, a
Buyer good, Buyer, in any adjudication or otherwise, may require Seller to establish by clear and convincing evidence that neither Seller nor any of its employees, contractors or agents used in whole or in part, directly or indirectly, any of
Buyer’s property, as set forth herein, in such design or manufacture of such goods. Further, Buyer shall have the right to audit all pertinent records of Seller, and to make reasonable inspections of Seller facilities, lo verify compliance with
this Section. Subject to the terms of the MNDA, Seller’s and its Affiliates’ (i) existing intellectual property shall remain the sole and exclusive property of Seller, including without limitation TPI Composites, Inc.’s
proprietary and patented SCRIMP® technology and (ii) any intellectual property created or discovered by Seller or its Affiliates outside the scope of this Order and without any reference
to or in reliance on any of Buyer’s intellectual property or Confidential Information shall remain the sole and exclusive properly of Seller unless otherwise agreed in writing. 

  
 30 








 5. DRAWINGS. Any review or approval of drawings by Buyer will be for Seller’s convenience and will
not relieve Seller of its responsibility to meet all requirements of ibis Order. 
 6. CHANGES. 

6.1 Buyer may at any time make changes within the general scope of this Order in any one or more of the following: (a) drawings, designs or specifications
where the goods lo be furnished are to be specially manufactured for Buyer; (b) method of shipment or packing; (c) place and time of delivery; (d) amount of Buyer’s furnished property; (e) quality; (f) quantity; or
(g) scope or schedule of goods and/or services. Buyer shall document such change request in writing, and Seller shall not proceed to implement any change unless and until such change is provided in writing by Buyer. If any changes cause an
increase or decrease in the cost of, or the time required for the performance of, any work under this Order, an equitable adjustment shall be made in the Order price or delivery schedule, or both, in writing. Any Seller claim for adjustment under
this clause will be deemed waived unless asserted within thirty (30) days from Seller’s receipt of the change or suspension notification, and may only include [...***...]. 

6.2 Seller shall notify Buyer in writing in advance of any and all: (a) changes to the goods and/or services, their specifications and/or composition;
(b) process changes; (c) plant and/or equipment/tooling changes or moves; (d) transfer of any work hereunder lo another site; and/or (c) sub-supplier changes, and no such change shall occur until Buyer has had the opportunity to
conduct such audits, surveys and/or testing necessary to determine the impact of such change on the goods and/or services and has approved such change in writing. Seller shall be responsible for obtaining, completing and submitting proper
documentation regarding any and all changes, including complying with any written change procedures issued by Buyer. 
 7. PLANT ACCESS/INSPECTION
AND QUALITY. 
 7.1 Inspection/Testing. In order to assess Seller’s work quality, conformance with Buyer’s specifications and
compliance with this Order, including but not limited to Seller’s representations, warranties, certifications and covenants under this Order, upon reasonable notice by Buyer, all: (a) goods, materials and services related in any way to the
goods and services purchased hereunder (including without limitation raw materials, components, intermediate assemblies, work in process, tools and end products) shall be subject to inspection and test by Buyer and its customer or representative at
all times and places, including sites where the goods and services arc created or performed, whether they arc al premises of Seller, Seller’s suppliers or elsewhere; and (b) of Seller’s books and records relating to this Order shall
be subject to inspection by Buyer. If any inspection, test, audit or similar oversight activity is made on Seller’s or its suppliers’ premises, Seller shall, without additional charge: (i) provide al! reasonable access and assistance
for the safely and convenience of the inspectors and (ii) take all necessary precautions and implement appropriate safety procedures for the safety of Buyer’s personnel while they are present on such premises. If Buyer’s personnel
require medical attention on such premises, Seller will arrange for appropriate attention, If in Buyer’s opinion the safety of its personnel on such premises may be imperiled by local conditions, Buyer may remove some or all of its personnel
from such premises, and Buyer shall have no responsibility for any resulting impact on Seller or its suppliers. If specific Buyer and/or Buyer’s customer tests, inspection and/or witness points are included in this Order, the goods shall not be
shipped without an inspector’s release or a written waiver of test/inspection/witness with respect to each such point; however, Buyer shall not be permitted to unreasonably delay shipment; and Seller shall notify Buyer in writing at least
twenty (20) days prior to each of Seller’s scheduled final and, if applicable, intermediate test/inspection/witness points. Buyer’s failure to inspect, accept, reject or detect defects by inspection shall neither relieve Seller from
responsibility for such goods or services that are not in accordance with the Order requirements nor impose liabilities on Buyer. 
 7.2 Quality.
When requested by Buyer, Seller shall promptly submit real lime production and process measurement and control data (the “Quality Data”) in the form and manner requested by Buyer. Seller shall provide and maintain an inspection, testing
and process control system (“Seller’s Quality System”) covering the goods and services provided hereunder that is acceptable to Buyer and its customer and complies with Buyer’s quality policy and/or other quality requirements
that are set forth on the face of this Order or are otherwise agreed to in writing by the parties (“Quality Requirements”). Acceptance of Seller’s Quality System by Buyer shall not alter the obligations and liability of Seller under
this Order. If Seller’s Quality System fails to comply with the terms of this Order, Buyer may require additional quality assurance measures at Seller’s expense. Such measures may include, but are not limited to, Buyer requiring
Seller lo install a Buyer-approved third party quality auditor(s)/inspector(s) at Seller’s facility(ies) lo address the deficiencies in Seller’s Quality System or other measures that may be specified in Buyer’s Quality Requirements or
otherwise agreed upon by the parties in writing. Seller shall keep complete records relating to Seller’s Quality System and shall make such records available to Buyer and its customer for: (a) three (3) years after completion of this
Order; (b) such period as set forth in the specifications applicable to this Order; or (c) such period as required by applicable law, whichever period is the longest. 

7.3 Product Recall. 
 (a) If any govern mental
agency with jurisdiction over the recall of any goods supplied hereunder provides written notice lo Buyer or Seller, or Buyer or Seller has a reasonable basis lo conclude, that any goods supplied hereunder could possibly create a potential safely
hazard or unsafe condition, pose an unreasonable risk of serious injury or death, contain a defect or a quality or performance deficiency, or are not in compliance with any applicable code, standard or legal requirement so as to make it


  
 31 








 
advisable, or required, that such goods be recalled and/or repaired, Seller or Buyer will promptly communicate such relevant facts to each other. Buyer shall determine whether a recall of the
affected goods is warranted or advisable, unless Buyer or Seller has received notice to that effect from any governmental agency with jurisdiction over the recalled goods. 

(b) If a recall is required under the law or Buyer determines that it is advisable, Seller shall promptly develop a corrective action plan(s) (collectively,
the “Corrective Action Plan”), which shall include all actions required by any applicable consumer protection or similar law and any applicable regulations and provide Buyer with an opportunity to review and approve such plan, Seller and
Buyer agree to cooperate and work together to ensure that such plan is acceptable to both parties prior to its implementation. If Buyer does not respond to Seller regarding its review and approval of such Corrective Action Plan within a reasonable
time period, Buyer shall be deemed to have approved such plan. In addition, Buyer shall cooperate with and assist Seller in any corrective actions and/or filings; provided, however, that nothing contained in this Section shall preclude Buyer from
taking any action or making any filings, and in such event, Seller shall cooperate with and assist Buyer in any corrective actions and/or filings it undertakes. 

(c) To the extent such recall is determined to have been caused by a defect, quality or performance deficiency, other deficiency, non-conformance or non-compliance, which is the responsibility of Seller, al Buyer’s election, Seller shall perform all necessary repairs or modifications at its sole expense, or Buyer shall perform such
necessary repairs or modifications and Seller shall reimburse Buyer for ail reasonable out-of-pocket costs and expenses incurred by Buyer in connection therewith. In either case, Seller shall reimburse Buyer for ail reasonable out-of-pocket costs
and expenses incurred by Buyer in connection with any recall, repair, replacement or refund program, including without limitation all costs related to: (i) investigating and/or inspecting the affected goods; (ii) locating, identifying and
notifying Buyer’s customers; (iii) repairing, or where repair of the goods is impracticable or impossible, repurchasing or replacing the recalled goods; (iv) packing and shipping the recalled goods; and (v) media notification, if
such form of notifications is needed or required. Each party shall consult the other before making any statements to the public or a governmental agency relating to potential safety hazards affecting the goods, except where such consultation would
prevent timely notification required by law. 
 8. REJECTION. If any of the goods and/or services furnished pursuant to this Order are found within a
reasonable time after delivery to be defective or otherwise not in conformity with the requirements of Ibis Order, including any applicable drawings and specifications, whether such defect or non-conformity relates to scope provided by Seller or a
direct or indirect supplier to Seller, then Buyer, in addition to any other rights, remedies and choices it may have by law, contract or at equity, and in addition to seeking recovery of any and all damages and costs emanating therefrom, at its
option and sole discretion and at Seller’s expense may: (a) require Seller lo immediately re-perform any defective portion of the services and/or require Seller to immediately repair or replace non-conforming goods will) goods that conform
to all requirements of this Order; (b) lake such actions as may be required to cure all defects and/or bring the goods and/or services into conformity with all requirements of this Order, in which event, all related costs and expenses
(including, but not limited to, material, labor and handling costs and any required re-performance of value added machining or other service) and other reasonable charges shall be for Seller’s account; (c) withhold total or partial
payment; (d) reject and return all or any portion of such goods and/or services; and/or (e) rescind this Order without liability. For any repairs or replacements, Seller, at its sole cost and expense, shall perform any tests requested by
Buyer to verify conformance to this Order. 
 9. WARRANTIES. 

9.1 Seller warrants that all goods and services provided pursuant to this Order, whether provided by Seller or a director indirect supplier of Seller, will be:
(a) free of any claims of any nature, including without limitation title claims, and Seller will cause any lien or encumbrance asserted to be discharged, at its sole cost and expense, within thirty (30) days of its assertion (provided such
liens do not arise out of Buyer’s failure to pay amounts not in dispute under this Order or an act or omission of Buyer); (b) new and of merchantable quality, not used, rebuilt or made of refurbished material unless approved in writing by
Buyer; (c) free from all defects in workmanship and material; and (d) provided in strict accordance with all specifications, samples, drawings, designs, descriptions or other requirements approved or adopted by Buyer. Seller further
warrants that all services will be performed in a competent and professional manner in accordance with the highest standards and best practices of Supplier’s industry. Any attempt by Seller lo limit, disclaim or restrict any such warranties or
remedies by acknowledgment or otherwise shall be null, void and ineffective. 
 9.2 The foregoing warranties shall, in the case of turbine plant related
goods and services, apply for a period of: (a) twenty-four (24) months from the Date of Commercial Operation (defined below) of the turbine plant (in the case of Nuclear power-related goods and services, thirty-six (36) months from
the Date of Commercial Operation of the nuclear power plant), which Buyer supplies to its customer or (b) [...***...], whichever occurs first. “Date of Commercial Operation” means the date on which the plant has successfully
passed all performance and operational tests required by Buyer’s customer for commercial operation. In all other eases the warranty shall apply for twenty-four (24) months from delivery of the goods or performance of the services, or such
longer period of time as customarily provided by Seller, plus delays such as those due to non-conforming goods and services. The warranties shall apply to Buyer, its successors, assigns and the users of goods and services covered by this Order. 

9.3 If any of the goods and/or services are found to be defective or otherwise not in conformity with the warranties in this Section during the warranty
period, then. Buyer, in addition to any other rights, remedies and choices it may have by law, contract 

  
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or at equity, and in addition to seeking recovery of any and all damages and costs emanating therefrom, at its option and sole discretion and at Seller’s expense may: (a) require Seller
to inspect, remove, reinstall, ship and repair or replace/re-perform nonconforming goods and/or services with goods and/or services that conform to all requirements of this Order; (b) take such actions as may be required to cure all defects
and/or bring the goods and/or services into conformity with all requirements of this Order, in which event all related costs and expenses (including, but not limited to, material, labor and handling costs and any required re-performance of value
added machining or other service) and other reasonable charges shall be for Seller’s account; and/or (c) reject and return all or any portion of such goods and/or services. Any repaired or replaced good, or part thereof, or re-performed
services shall carry warranties on the same terms as set forth above, with the warranty period being the greater of the original unexpired warranty or twenty-four (24) months after repair or replacement. 

10. SUSPENSION. Buyer may at any time, by notice to Seller, suspend performance of the work for such time as it deems appropriate. Upon receiving
notice of suspension, Seller shall promptly suspend work to the extent specified, properly caring for and protecting all work in progress and materials, supplies and equipment Seller has on hand for performance. Upon Buyer’s request, Seller
shall promptly deliver to Buyer copies of outstanding purchase orders and subcontracts for materials, equipment and/or services for the work and take sue!) action relative to such purchase orders and subcontracts as Buyer may direct. Buyer may at
any time withdraw the suspension as to all or part of the suspended work by written notice specifying the effective date and scope of withdrawal. Seller shall resume diligent performance on the specified effective date of withdrawal. All claims for
increase or decrease in the cost of or the time required for the performance of any work caused by suspension shall be pursued pursuant to, and consistent with, Section 6.1. Where any of Buyer’s obligations under this Order are suspended
[...***...], the term of the Supply Agreement and any Order) applicable to the suspended goods, shall be extended by the same amount of time that Buyer’s obligations to purchase those goods arc suspended pursuant to this Section 10.
The foregoing language shall not in anyway suspend or diminish Buyer’s Minimum Volume Obligation or Seller’s obligations regarding the Guaranteed Capacity as set forth in the Supply Agreement. 

11. TERMINATION. 
 11.1 Termination for
Convenience. Subject to the provisions of Section 1 of the Supply Agreement, Buyer may terminate all or any part of this Order at any time by written notice to Seller. Upon termination (other than due to Seller’s insolvency or default
including failure to comply with this Order), Buyer and Seller shall negotiate reasonable termination costs consistent with costs allowable under Section 6.1 and identified by Seller within thirty (30) days of Buyer’s termination
notice to Seller, unless the parties have agreed to a termination schedule in writing. 
 11.2 Termination for Default. Except for delays due to
causes beyond the control and without the fault or negligence of Seller and all of its suppliers (lasting not more than sixty (60) days) or otherwise covered by Section 3,1 hereof, Buyer, without liability, may by written notice of
default, terminate the whole or any part of this Order if Seller: (a) fails to perform within the time specified or in any written extension granted by Buyer; (b) fails to make progress which, in Buyer’s reasonable judgment, endangers
performance of this Order in accordance with its terms; or (c) fails to comply with any of the terms of this Order. Such termination shall become effective if Seller does not cure such failure within thirty (30) days of receiving notice of
default. Upon such termination, Buyer may procure at Seller’s expense and upon terms it deems appropriate, goods or services similar to those so terminated. Seller shall continue performance of this Order to the extent not terminated and shall
be liable to Buyer for any excess costs for such similar goods or services. As an alternate remedy and in lieu of termination for default, Buyer, at its sole discretion, may elect to extend the delivery schedule and/or waive other deficiencies in
Seller’s performance, making Seller liable for any costs, expenses or damages arising from any failure of Seller’s performance. If Seller for any reason anticipates difficulty in complying with the required delivery date, or in meeting any
of the other requirements of this Order, Seller shall promptly notify Buyer in writing. If Seller does not comply with Buyer’s delivery schedule, Buyer subject to Section 3.1 may require delivery by fastest method and charges resulting
from the premium transportation must be fully prepaid by Seller. Buyer’s rights and remedies in this clause are in addition to any other rights and remedies provided by law or equity or under this Order, 

11.3 Termination for Insolvency/Prolonged Delay. If Seller ceases to conduct its operations in the normal course of business or fails to meet its
obligations as they mature or if any proceeding under the bankruptcy or insolvency laws is brought by or against Seller, a receiver for Seller is appointed or applied for, an assignment for the benefit of creditors is made or an excused delay (or
the aggregate time of multiple excused delays) lasts more than sixty (60) days, Buyer may immediately terminate this Order without liability, except for goods or services completed, delivered and accepted within a reasonable period after
termination (which will be paid for at the Order price). 
 11.4 Obligations on Termination. Unless otherwise directed by Buyer, upon completion of
this Order or after receipt of a notice of termination of this Order for any reason, Seller shall immediately: (a) stop work as directed in the notice; (b) place no further subcontracts or purchase orders for materials, services or
facilities hereunder, except as necessary to complete any continued portion of this Order; and (c) terminate all subcontracts to the extent they relate to work terminated. Promptly after termination of this Order and unless otherwise directed
by Buyer, Seller shall deliver to Buyer all completed work, work in process, including all designs, drawings, specifications, other documentation and material required or produced in connection with such work and all of Buyer’s Confidential
Information as defined in Section 16. 

  
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 12. INDEMNITY AND INSURANCE. 

12.1 Indemnity. Seller shall defend, indemnify, release and hold harmless Buyer, its Affiliates and its or their directors, officers, employees, agents
representatives, successors and assigns, whether acting in the course of their employment or otherwise, against any and all third party suits, actions, or proceedings, at law or in equity, and from any and all third party claims, demands, losses,
judgments, fines, penalties, damages, costs, expenses, or liabilities (including without limitation claims for personal injury or properly or environmental damage, claims or damages payable to customers of Buyer, and breaches of Sections 15 and/or
16 below) arising from any act or omission of Seller, its agents, employees, or subcontractors in breach of Ibis Order, except to the extent attributable to the negligence of Buyer. Seller agrees to include a clause substantially similar to the
preceding clause in ail subcontracts it enters into related to its fulfillment of this Order. Seller further agrees to indemnify Buyer for any attorneys’ fees or other costs that Buyer incurs in the event that Buyer has to file a lawsuit to
enforce any indemnity or additional insured provision of this Order. Employees, agents, representatives and subcontractors of Seller, acting in respective individual capacity shall be included as third parties for the purposes of this provision,

 12.2 Insurance. For the duration of this Order and for period of ten (10) years from the date of delivery of the goods or performance of the
services, Seller shall maintain, through insurers with a minimum Best rating of A- VII or S&P A and licensed in the jurisdiction where goods are manufactured and/or sold and where services are performed, the following insurance:
(a) Commercial General Liability, on an occurrence form, in the minimum amount of USD $5,000,000.00 per occurrence with coverage for: (i) bodily injury/property damage, including coverage for contractual liability insuring the liabilities
assumed in this Order; (ii) products/completed operations liability; and (iii) all of the following types of coverages where applicable: (A) contractors protective liability; (B) collapse or structural injury; and/or
(C) damage to underground utilities with all such coverages in this Section 12.2(a) applying on a primary basis, providing for cross liability, not being subject to any self-insured retention and being endorsed lo name
General Electric Company, its Affiliates (defined in Section 2.2(c)), directors, officers, agents and employees (collectively, the “GE Parties”) as additional insureds; (b) Business Automobile Liability
insurance covering al! owned, hired and non-owned vehicles used in the performance of the Order in the amount of USD $5,000,000.00 combined single limit each occurrence, endorsed to name the GE Parties as additional insureds;
(c) Employers’ Liability in the amount of USD $5,000,000.00 each occurrence; (d) Property Insurance on an “All-risk” basis covering the full replacement cost value of all property owned, rented or leased by Seller in
connection with this Order and covering damage to Buyer’s properly in Seller’s care, custody and control, with such policy being endorsed to name Buyer as “Loss Payee” relative to its property in Seller’s care, custody and
control; and (c) appropriate Workers’ Compensation Insurance protecting Seller from al! claims under any applicable Workers’ Compensation and Occupational Disease Act. Seller shall obtain coverage similar to Worker’s compensation
and Employer’s liability for each Seller employee performing work under this Order outside the U.S. All insurance specified in this Section shall be endorsed lo provide a waiver of subrogation in favor of Buyer, its Affiliates (defined in
Section 2.2(c)) and its and their respective employees for ail losses and damages covered by the insurances required in this Section. The application and payment of any self-insured retention or deductible on any policy carried by Seller shall
be the sole responsibility of Seller. Should Buyer be called upon to satisfy any self-insured retention or deductible under Seller’s policies, Buyer may seek indemnification or reimbursement from Seller where allowable by law. Upon request by
Buyer, Seller shall provide Buyer with a certificate(s) of insurance evidencing that the required minimum insurance is in effect. The certificate(s) of insurance shall reference that the required coverage extensions are included on the required
policies and state that: “General Electric Company, its subsidiaries, affiliates, directors, officers, agents and employees shall be named as additional insureds”. Copies of endorsements evidencing the required additional insured status,
waiver of subrogation provision and/or loss payee status shall be attached to the certificate(s) of insurance. Buyer shall have no obligation to examine such certificate(s) or to advise Seller in the event its insurance is not in compliance
herewith. Acceptance of such certificate(s), which are not compliant with the stipulated coverages, shall in no way whatsoever imply that Buyer has waived its insurance requirements. 

13. ASSIGNMENT AND SUBCONTRACTING. Seller may not assign (including by change of ownership or control, by operation of law or otherwise) this Order or
any interest herein including payment, without Buyer’s prior written consent. Seller shall not subcontract or delegate performance of all or any substantial part of the work called for under this Order without Buyer’s prior written
consent. Any assignee of Seller shall be bound by the terms and conditions of this Order. Should Buyer grant consent to Seller’s assignment, Seller will ensure that such assignee shall be bound by the terms and conditions of this Order.
Further, Seller shall advise Buyer of any subcontractor or supplier to Seller: (a) that will have at its facility any parts or components with Buyer’s or any of its Affiliates’ name, logo or trademark (or that will be responsible to
affix the same); and/or (b) fifty percent (50%) percent or more of whose output from a specific location is purchased directly or indirectly by Buyer. In addition, Seller will obtain for Buyer, unless advised to the contrary in writing,
written acknowledgement by such assignee, subcontractor and/or supplier to Seller of its commitment to act in a manner consistent with Buyer’s integrity policies, and to submit to, from time to time, on-site inspections or audits by Buyer or
Buyer’s third party designee as requested by Buyer. If Seller subcontracts any part of the work under this Order outside of the final destination country where the goods purchased hereunder will be shipped, Seller shall be responsible for
complying with all customs requirements related to such sub-contracts, unless otherwise set forth in this Order. 
 14. PROPER BUSINESS PRACTICES.
Seller shall act in a manner consistent with Buyer’s Integrity Guide for Suppliers, Contractors and Consultants, a copy of which has been provided to Seller, all laws concerning improper or illegal payments and gifts or gratuities and
agrees not to pay, promise to pay or authorize the payment of any money or anything of value, directly or indirectly, to any person for the purpose of illegally or improperly inducing a decision or obtaining or retaining business in


  
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connection with this Order. Further, in the execution of its obligations under this Order, Seller shall take the necessary precautions to prevent any injury to persons or to property. 

15. COMPLIANCE WITH LAWS. 
 15.1 General.
Seller represents, warrants, certifies and covenants (“Covenants”) that it will comply with all: (a) laws applicable lo the goods, services and/or the activities contemplated or provided under this Order, including, but not limited
to, any national, international, federal, state, provincial or local law, treaty, convention, protocol, common law, regulation, directive or ordinance and all lawful orders, including judicial orders, rules and regulations issued thereunder,
including without limitation those dealing with the environment, health and safety, employment, records retention, personal data protection and tie transportation or storage of hazardous materials and (b) good industry practices, including the
exercise of that degree of skill, diligence, prudence and foresight, which can reasonably be expected from a competent Seller who is engaged in the same type of service or manufacture under similar circumstances. As used in this Order, the term
“hazardous materials” shall mean any substance or material defined as a hazardous material, hazardous substance, toxic substance, pesticide or dangerous good under 49 CFR 171.8 or any other substance regulated on the basis of potential
impact to safety, health or the environment pursuant to an applicable requirement of any entity with jurisdiction over the activities, goods or services, which are subject to this Order. Seller agrees to cooperate fully with Buyer’s audit
and/or inspection efforts (including completing and returning questionnaires) intended to verify Seller’s compliance with Sections 14 and/or 15 of this Order. Seller further agrees at Buyer’s request to provide certificates relating
to any applicable legal requirements or to update any and all of the representations, warranties, certifications and covenants under this Order in form and substance satisfactory to Buyer. Buyer shall have the right to audit all pertinent records of
Seller, and to make reasonable inspections of Seller facilities, to verify compliance with this Section 15. 
 15.2 Environment, Health and
Safety. 
 (a) General. Seller Covenants that it will take appropriate actions necessary to protect health, safety and the environment, including,
without limitation, in the workplace and during transport and has established an effective program to ensure any suppliers it uses to perform the work called for under this Order will be in compliance with Section 15 of this Order. 

(b) Material Suitability. Seller Covenants that each chemical substance constituting or contained in goods sold or otherwise transferred to Buyer is
suitable for use and/or transport in any jurisdiction to or through which Buyer informs Seller the goods will likely be shipped or to or through which Seller otherwise has knowledge that shipment will likely occur and is listed on or in:
(i) the list of chemical substances compiled and published by the Administrator of the U.S. Environmental Protection Agency pursuant to the U.S. Toxic Substances Control Act (“TSCA”) (15 U.S.C. § 2601), otherwise known as the
TSCA Inventory, or exempted from such list under 40 CFR 720.30-38; (ii) the Federal Hazardous Substances Act (P.L. 92-516) as amended; (iii) the European Inventory of Existing Commercial Chemical Substances (“E1NECS”) as amended;
(iv) the European List of Notified Chemical Substances (“ELINCS”) and lawful standards and regulations thereunder; or (v) any equivalent or similar lists in any other jurisdiction to or through which Buyer informs Seller the
goods will likely be shipped or to or through which Seller otherwise has knowledge that shipment will likely occur. 
 (c) Material Registration and
Other Documentation. Seller Covenants that each chemical substance constituting or contained in goods sold or otherwise transferred to Buyer: (i) is properly documented and/or registered as required in the jurisdiction to or through which
Buyer informs Seller the goods will likely be shipped or to or through which Seller otherwise has knowledge that shipment will likely occur, including but not limited to pre-registration and registration if required, under Regulation (EC)
No. 1907/2006 (“REACH”); (ii) is not restricted under Annex XVII of REACH; and (iii) if subject to authorization under REACH, is authorized for Buyer’s use. In each case, Seller will timely provide Buyer with supporting
documentation, including without limitation, (A) pre-registration numbers for each substance; (B) the exact weight by weight percentage of any REACH Candidate List (defined below) substance constituting or contained in the goods;
(C) all relevant information that Buyer needs to meet its obligations under REACH to communicate safe use to its customers; and (D) the documentation of the authorization for Buyer’s use of an Annex XIV substance. Seller shall notify
Buyer if it decides not to register substances that are subject to registration under REACH and are constituting or contained in goods supplied to Buyer at least twelve (12) months before their registration deadline. Seller will monitor the
publication by the European Chemicals Agency of the list of substances meeting the criteria for authorization under REACH (the “Candidate List”) and immediately notify Buyer if any of the goods supplied to Buyer contain a substance
officially proposed for listing on the Candidate List. Seller shall provide Buyer with the name of tie substance as well as with sufficient information to allow Buyer to safely use the goods or fulfill its own obligations under REACH. 

(d) Restricted Materials. Seller Covenants that none of the goods sold or transferred to Buyer contains any: (i) of the following chemicals:
arsenic, asbestos, benzene, beryllium, carbon tetrachloride, cyanide, lead or lead compounds, cadmium or cadmium compounds, hexavalcnl chromium, mercury or mercury compounds, irichloroethylene, tetrachioroetbylene, methyl chloroform, polychlorinaled
biphenyls (“PCBs”), poiybrominatcd biphenyls (“PBBs”), polybrominated diphenyl ethers (“PBDEs”); (ii) chemical or hazardous material otherwise prohibited pursuant to Section 6 of TSCA; (iii) chemical or
hazardous material otherwise restricted pursuant to EU Directive 2002/95/EC (27 January 2003) (the “ROHS Directive”); (iv) designated ozone depleting chemicals as restricted under the Montreal Protocol (including,
without limitation, 1,1,1 trichlorocthane, carbon tetrachloride, Halon-1211, 1301, and 2402, and chlorofiuorocarbons (“CFCs”) 11-13, 111-13 5, 211-217); (v) substance listed on the REACH Candidate List, subject to
authorization and listed on Annex XIV of REACH, or restricted under Directive 76/769/EEC and when it shall be repealed, Annex XVII of REACH; or (vi) other chemical or hazardous material the use 


  
 35 








 
of which is restricted in any other jurisdiction to or through which Buyer informs Seller the goods are likely to be shipped or to or through which Seller otherwise has knowledge that shipment
will likely occur, unless with regard to all of the foregoing, Buyer expressly agrees in writing and Seller identifies an applicable exception from any relevant legal restriction on the inclusion of such chemicals or hazardous materials in the goods
sold or transferred to Buyer. Upon request from Buyer and subject to reasonable confidentiality provisions which enable Buyer to meet its compliance obligations, Seller will provide Buyer with the chemical composition, including proportions, of any
substance, preparation, mixture, alloy or goods supplied under this Order and any other relevant information or data regarding the properties including without limitation test data and hazard information. 

(e) Take-back of Electrical and Electronic Components, Including Batteries or Accumulators. Seller Covenants that, except as specifically listed on the
face of this Order or in an applicable addendum, none of the goods supplied under this Order are electrical or electronic equipment or batteries or accumulators as defined by laws, codes or regulations of a jurisdiction to or through which Buyer
informs Seller the goods are likely to be shipped or to or through which Seller otherwise has knowledge that shipment will likely occur, including but not limited to EU Directive 2002/96/EC (27 January 2003) (the “WEEE Directive”), as
amended and EU Directive 2006/66/EC (26 September 2006) (the “Batteries Directive”) and/or any other legislation providing for the taking back of such electrical or electronic equipment or batteries or accumulators (collectively,
“Take-Back Legislation”). For any goods specifically listed on the face of this Order or in such addendum as electrical or electronic equipment or batteries or accumulators that are covered by any Take-Back Legislation and purchased by
Buyer hereunder, Seller agrees to: (i) assume responsibility for taking back such goods in the future upon the request of Buyer and treating or otherwise managing them in accordance with the requirements of the applicable Take-Back Legislation;
(ii) take back as of the date of this Order any used goods currently owned by Buyer of the same class of such goods purchased by Buyer hereunder up to the number of new units being purchased by Buyer or to arrange with a third party to do so in
accordance with all applicable requirements; and (iii) appropriately mark and/or label the goods as required by any applicable Take-Back Legislation. Seller will not charge Buyer any additional amounts, and no additional payments will be due
from Buyer for Seller’s agreement to undertake these responsibilities. 
 (f) CE Directives. Seller Covenants that all goods conform with
applicable Conformite Europeenne (“CE”) directives for goods intended for use in the EU, including those regarding electrical/electronic devices, machinery and pressure vessels/equipment. Seller will affix the CE mark on goods as required.
Seller will provide all documentation required by the applicable CE directives, including but not limited lo Declarations of Conformity, Declarations of Incorporation, technical files and any documentation regarding interpretations of limitations or
exclusions. 
 (g) Nanoscale Material. With respect to any goods sold or otherwise transferred to Buyer hereunder, Seller shall notify Buyer in
writing of the presence of any engineered nanoscale material (defined for these purposes as any substance with at least one dimension of such substance known to be less than one hundred (100) nanometers in length). With respect to all such
nanoscale material(s), Seller shall provide a description of its regulatory status and any safety data or other notifications that are appropriate in the EU, U.S. and any other jurisdictions to which Buyer informs Seller the goods will be shipped or
to which the Seller otherwise has knowledge that shipment will likely occur. 
 (h) Labeling/Shipping Information. With respect to any goods or other
materials sold or otherwise transferred to Buyer hereunder, Seller shall provide all relevant information, including without limitation, safety data sheets in the language and the legally required format of the location lo which the goods will be
shipped and mandated labeling information, required pursuant to applicable requirements such as: (i) the Occupational Safety and Health Act (“OSHA”) regulations codified at 29 CFR 1910,1200; (ii) EU REACH Regulation (EC)
No. 1907/2006, EU Regulation (EC) No. 1272/2008 classification, labeling and packaging of substances and mixtures (“CLP”), EU Directives 67/548/EEC and 1999/45/EC, as amended, if applicable, and (iii) any other applicable
law, rule or regulation or any similar requirements in any other jurisdictions to or through which Buyer informs Seller the goods are likely to be shipped or through which Seller otherwise has knowledge that shipment will likely occur, such as U.S.
Department of Transportation regulations governing the packaging, marking, shipping and documentation of hazardous materials, including hazardous materials specified pursuant to 49 CFR, the international Maritime Organization (“IMO”) and
the International Air Transport Association (“I ATA”). 
 15.3 Subcontractor Flow-downs for U.S. Government Commercial Items
Contracts. Where the goods and/or services being procured by Buyer from Seller are in support of a U.S. Government end customer or an end customer funded in whole or part by the U.S. Government, Seller Covenants to comply with the terms of FAR
52.232-5(e) or 52.244-6 and DEARS 252.212-7001 (c) or DEARS 252,244-7000 to the extent those terms are applicable to commercially available off-the-shelf (“COTS”) items or commercial items and as appropriate for the dollar value of
this Order. In addition, if this Order is in support of a project involving Rural Utility Service (“RUS”) funds, then the following additional requirements apply: (a) Article VI, Section 4 of RUS Form 198, “Compliance with
Laws”, specifically the certification as to Debarment and Suspension set forth in 7 CFR pari 3017; and (b) Article VI, Section 5 of RUS Form 198, “Equal Opportunity Provisions”, including the requirements for Seller to
provide a certification that Seller has filed a current report on Standard Form 100 and a Certificate of Non-segregated Facilities. The version of these clauses/provisions/requirements shall be those that are in effect as of the dale of this Order.

 15.4 Import/Export. 
 (a) Packing List and Pro
Forma Invoice. In all cases, Seller must provide to Buyer, a packing list containing all information specified in Section 19 below and a commercial or pro forma invoice. The commercial/pro forma invoice shall be in English or if
requested by Buyer, the language of the destination country and shall include: contact names and telephone numbers of 

  
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representatives of Buyer and Seller who have knowledge of the transaction; Buyer’s order number, order line item, release number (in the case of a “blanket order”) and part number;
detailed description of the merchandise; unit purchase price in the currency of the transaction; quantity; INCOTERM; the named location; “country of origin” of the goods as determined under applicable customs laws, and the appropriate
export classification code for each item as determined by the law of the exporting country (for example, for exports from the U.S., Seller shall provide the U.S. Commerce Department’s Export Control Classification Number). 

(b) Assists. All goods and/or services provided by Buyer to Seller for the production of goods and/or services delivered under this Order, which are
not included in the purchase price of the goods and/or services delivered by Seller, shall be separately identified on the invoice (i.e., consigned material, tooling, etc.). Each invoice shall also include the applicable Order number or other
reference information for any consigned goods and shall identify any discounts or rebates from the base price used in determining the invoice value. 
 (c)
Importer of Record and Drawback. If goods are to be delivered EXW (INCO TERMS 2010) from the Storage Yard, Seller agrees that Buyer will not be a party to the importation of the goods, that the transaction(s) represented by this Order will be
consummated after importation and that Seller will neither cause nor permit Buyer’s name to be shown as “Importer of Record” on any customs declaration. Seller also confirms that it has non-resident importation rights, if necessary,
into the destination country and knowledge of the necessary import laws. If Seller is the importer of record for any goods, including any component parts thereof, associated with this Order, Seller shall provide Buyer with the customs documentation
required by the country of import to allow Buyer to file for duty drawback and a copy of Seller’s invoice. If Seller is the importer of record as set forth above into the U.S., such documentation shall include, but not be limited to, the
following customs forms, which shall be properly executed: Customs Form 7552, “Certificate of Delivery” and Customs Form 7501, “ Entry Summary. 

(d) Preferential Trade Agreements. If goods will be delivered to a destination country having a trade preferential or customs union agreement
(“Trade Agreement”) with Seller’s country, Seller shall cooperate with Buyer to review the eligibility of the goods for any special program for Buyer’s benefit and provide Buyer with any required documentation (e.g., NAFTA
Certificate, EUR1 Certificate, GSP Declaration, FAD or other Certificate of Origin) to support the applicable special customs program (e.g., NAFTA, EEA, Lome Convention, GSP, EU-Mexico FTA, EU/Mediterranean partnerships, etc.) to allow duty free or
reduced duty for entry of goods into the destination country. Similarly, should any Trade Agreement or special customs program applicable to the scope of this Order exist at any time during the execution of the same and be of benefit to Buyer in
Buyer’s judgment, Seller shall cooperate with Buyer’s efforts to realize any such available credits, including counter-trade or offset credit value which may result from this Order and acknowledges that such credits and benefits shall
inure solely to Buyer’s benefit. Seller shall indemnify Buyer for any costs, fines, penalties or charges arising from Seller’s inaccurate documentation or untimely cooperation. Seller shall immediately notify Buyer of any known
documentation errors and/or changes to the origin of goods. Failure of Supplier to comply with the requirements of this Section shall render Supplier liable for any resulting damage and/or expense incurred by Buyer. 

(e) Importer Security Filing. Seller shall provide Buyer or Buyer’s designated agent in a timely fashion with all the data required to enable
Buyer’s compliance with the U.S. Customs’ Importer Security Filing regulation, see 19 CFR Part 149 (the “ISF Rule”) for all of Seller’s ocean shipments of goods to Buyer destined for or passing through a U.S. port. Seller
hereby Covenants lo provide Buyer or Buyer’s designated agent with accurate “Data Elements” as defined in and required by the ISF Rule in a timely fashion lo ensure Buyer or Buyer’s designated agent has sufficient opportunity to
comply with its filing obligations thereunder. 
 (f) Foreign Trade Zone. If Buyer and Seller agree to operate from a foreign trade zone
(“FTZ”), any benefit arising from operation in such FTZ will inure to Buyer, and both parties will cooperate and adopt procedures designed to capture and maximize such benefit. 

(g) Anti-Dumping/Countervailing Duties. Seller Covenants that all sales made hereunder shall be made in circumstances that will not give rise to the
imposition of new anti-dumping or countervailing duties under U.S. law (19 U.S.C. § 1671), EU Council Regulation (EC) No. 1225/2009 of November 30, 2009 and Commission Decision No. 2277/96/ECSC of November 28, 1996, or
similar laws in such jurisdictions or the law of any other country to which the goods may be exported. To the full extent permitted by law, Seller will indemnify, defend and hold Buyer harmless from and against any costs or expenses (including any
countervailing duties which may be imposed and, to the extent permitted by law, any preliminary dumping duties that may be imposed) arising out of or in connection with any breach of this warranty, In the event that countervailing or anti-dumping
duties are imposed that cannot be readily recovered from Seller, Buyer may terminate this Order with no further liability of any nature whatsoever to Seller hereunder, In the event that any jurisdiction imposes punitive or other additional tariffs
on goods subject to this agreement in connection with a trade dispute or as a remedy in an “escape clause” action or for any other reason, Buyer may, at its option, treat such increase in duties as a condition of force majeure. 

(h) International Trade Controls. All transactions hereunder shall at all times be subject to and conditioned upon compliance with all applicable
export control laws and regulations and any amendments thereto. The parties hereby agree that they shall not, except as said applicable laws and regulations may expressly permit, make any disposition by way of transshipment, re-export, diversion or
otherwise, of any goods, technical data, or software, or the direct product thereof, furnished by either party in connection with this Order. The obligations of the parties to comply with all applicable export control laws and regulations shall
survive any termination or discharge of any other contract obligations. 

  
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 (i) Suspension/Debarment and Trade Restrictions. Seller shall provide immediate notice to Buyer in the
event of Seller being suspended, debarred or declared ineligible by any government entity or upon receipt of a notice of proposed debarment from any such entity during the performance of this Order. In the event that Seller is suspended, debarred or
declared ineligible by any government entity, Buyer may terminate this Order immediately without liability to Buyer. In addition, subject to applicable law, Seller agrees that it will not supply any goods to Buyer under this Order that are sourced
directly or indirectly from a: (i) government of a country defined by the U.S. State Department as a “State Sponsor of Terrorism” or “SST”; or (ii) company incorporated, formed or otherwise organized in a SST country or
owned, in whole or in part, by the government of a SST country or a national of a SST country, regardless of where that company is located or doing business. In addition, Buyer may, from time-to-time and for business reasons, withdraw from and/or
restrict its business dealings in certain jurisdictions, regions, territories and/or countries, Thus, subject to applicable law, Seller hereby agrees not to supply any goods to Buyer under this Order that arc sourced directly or indirectly from any
such jurisdiction, region, territory and/or country identified to Seller by Buyer, which currently includes, but is not limited to Myanmar (Burma) and North Korea, 

15.5 Miscellaneous. Seller Covenants that, if applicable, it will comply with Section 231 of the Energy Reorganization Act, 10 CFR 50.7 (Employee
Protection) and 29 CFR 24.2 (Obligations and Prohibited Acts), prohibiting discrimination against employees for engaging in “protected activities”, which include reporting of nuclear safety or quality concerns, and Seller shall immediately
inform Buyer of any alleged violations, notice of filing of a complaint or investigation related to any such allegation or complaint. Seller Covenants that no goods or services supplied under this Order have been or will be produced:
(a) utilizing forced, indentured or convict labor; (b) utilizing the labor of persons younger than sixteen (16) years of age or in violation of the minimum working age law in the country of manufacture of the goods or performance of
the services under this Order, whichever is higher; or (c) in violation of minimum wage, hours or days of service, or overtime laws in the country of manufacture or of the goods or performance of the services under this Order. If forced or
prison labor, or labor below applicable minimum working age, is determined to have been used in connection with this Order, Buyer shall have the right to terminate this Order immediately without further compensation to Seller. To the extent Seller
engages employees, representatives, contractors, subcontractors, agents and sub-agents (collectively, “Seller Personnel”) to perform work under this Order in the U.S., Seller Covenants that for all such Seller Personnel it has completed an
Employment Eligibility Verification (3-9) Form and all such Seller Personnel are lawfully residing in the U.S. and do not appear on the comprehensive list of terrorists and groups identified by Executive Order of the U.S. Government. To the extent
Seller engages Seller Personnel to perform work under this Order outside of the U.S., Seller Covenants that it is in compliance with all applicable labor and employment laws, including but not limited to laws governing the authorization to work in
the jurisdictions where such work is performed. Seller agrees to provide small business as well as minority and/or women-owned business utilization and demographic data upon request. 

16. CONFIDENTIAL OR PROPRIETARY INFORMATION AND PUBLICITY. Seller shall keep confidential any: (a) any other tangible or intangible property
furnished by Buyer in connection with this Order, including any drawings, specifications, data, goods and/or information; (b) technical, process, proprietary or economic information derived from drawings or 3D or other models owned or provided
by Buyer; and (c) any other tangible or intangible property furnished by Buyer in connection with this Order, including any drawings, specifications, data, goods and/or information (the “Confidential Information”) and shall not
divulge, directly or indirectly, the Confidential Information for the benefit of any other party without Buyer’s prior written consent. Confidential Information shall also include any notes, summaries, reports, analyses or other material
derived by Seller in whole or in pari from the Confidential Information in whatever form maintained (collectively, “Notes”). Except as required for the efficient performance of this Order, Seller shall not use or permit copies to be made
of the Confidential Information without Buyer’s prior written consent If any such reproduction is made with prior written consent, notice referring to the foregoing requirements shall be provided thereon. The restrictions in Ibis Section
regarding the Confidential information shall be inoperative as to particular portions of the Confidential Information disclosed by Buyer to Seller if such information: (i) is or becomes generally available to the public other than as a result
of disclosure by Seller; (ii) was available on a non-confidential basis prior to its disclosure to Seller; (iii) is or becomes available to Seller on a non-confidential basis from a source other than Buyer when such source is not, to the
best of Seller’s knowledge, subject to a confidentiality obligation with Buyer, (iv) was independently developed by Seller, without reference to the Confidential Information, and Seller can verify the development of such information by
written documentation or (v) is required to be disclosed by applicable law, rule, injunction or administrative order provided Seller first gives Buyer prompt written notice and the opportunity to seek a protective order prior to the disclosure.
Upon completion or termination of this Order, Seller shall promptly return to Buyer all Confidential Information, including any copies thereof, and shall destroy (with such destruction certified in writing by Seller) all Notes and any copies
thereof. Any knowledge or information, which Seller shall have disclosed or may hereafter disclose to Buyer and which in any way relates to the goods or services purchased under ibis Order (except to the extent deemed to be Buyer’s property or
Seller’s and its Affiliates’ intellectual property as set forth in Section 4), shall not be deemed to be confidential or proprietary and shall be acquired by Buyer free from any restrictions (other than a claim for infringement) as
part of the consideration for this Order, and notwithstanding any copyright or other notice thereon, Buyer shall have (he right to use, copy, modify and disclose the same as it sees fit. Seller shall not make any announcement, take or release any
photographs (except for its internal operation purposes for the manufacture and assembly of the goods), or release any information concerning this Order or any part thereof or with respect to its business relationship with Buyer, to any third party,
member of the public, press, business entity, or any official body except as required by applicable law, rule, injunction or administrative order without Buyer’s prior written consent. Seller may allow third parties into the finishing bay of
Seller’s production facility and make shared use of such finishing bay for goods and services provided to Buyer under this Order provided Seller does so without breaching any of its confidentiality obligations as set forth in this Agreement.


  
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 Buyer acknowledges that Seller may be required to grant access to its other customers in order to view their
blades in Seller’s finishing bay and to the extent that Seller’s other customers are able to see Buyer’s blades while walking towards their own shall not be in and of itself deemed a breach of Seller’s confidentiality
obligations. However, Seller shall ensure that no third party shall inspect, photograph, measure, or physically touch any of Buyer’s property stored in Seller’s finishing bay. Buyer agrees that notwithstanding the foregoing, Seller shall
be permitted to disclose the Supply Agreement and/or any Appendices thereto and this Order thereunder to current and potential investors, stockholders and lenders that have agreed in writing to maintain the confidentiality of such documents;
provided that no such potential investor, stockholder or lender is a Competitor of Buyer (as defined in the Supply Agreement). 
 17. INTELLECTUAL
PROPERTY INDEMNIFICATION. Seller shall indemnify, defend and hold Buyer harmless from all costs and expenses related to any suit, claim or proceeding brought against Buyer or its customers based on a claim that any article or apparatus, or any
part thereof constituting goods or services furnished under this Order, as well as any device or process necessarily resulting from the use thereof, constitutes an infringement of any patent, copyright, trademark, trade secret or other intellectual
properly right of any third party. Buyer shall notify Seller promptly of any such suit, claim or proceeding and give Seller authority, information, and assistance (at Seller’s expense) for the defense of same, and Seller shall pay all damages
and costs awarded therein. Notwithstanding the foregoing, any settlement of such suit, claim or proceeding shall be subject to Buyer’s consent, such consent not to be unreasonably withheld. If use of said article, apparatus, part, device or
process is enjoined, Seller shall, at its own expense and al its option, either procure for Buyer the right to continue using said article or apparatus, part, process or device, or replace the same with a non-infringing equivalent. 

18. SECURITY AND BUSINESS CONTINUITY MANAGEMENT POLICY; SUPPLY CHAIN SECURITY REQUIREMENTS. 

18.1 Security and Business Continuity Management Policy. Seller shall have and comply with a company security and business continuity management policy,
which shall be revised and maintained proactively and as may be requested by Buyer (“Security and Business Continuity Management Policy”). ‘The Security and Business Continuity Management Policy shall identify and require
Seller’s management and employees to take appropriate measures necessary to do the following: 
 (a) provide for the physical security of the people
working on Seller’s premises and others working for or on behalf of Seller; 
 (b) provide for the physical security of Seller’s facilities and
physical assets related to the performance of work, for Buyer or its Affiliates (“Work”) including, in particular, the protection of Seller’s mission critical equipment and assets; 

(c) protect software related to the performance of the Work from loss, misappropriation, corruption and/or other damage; 

(d) protect Buyer and/or its Affiliates’ and Seller’s drawings, technical data and other proprietary information related to the performance of the
Work from loss, misappropriation, corruption and/or other damage; 
 (e) provide for the prompt recovery, including through preparation, adoption and
maintenance of a crisis management and disaster recovery plan, of facilities, physical assets, software, drawings, technical data, other intellectual properly and/or the Seller’s business operations in the event of a security breach, incident,
crisis or other disruption in Seller’s ability to use the necessary facilities, physical assets, software, drawings, technical data or other intellectual property and/or to continue its operations; and 

(f) ensure the physical integrity and security of all shipments against the unauthorized introduction of harmful or dangerous materials (such measures may
include, but are not limited, physical security of manufacturing, packing and shipping areas; restrictions on access of unauthorized personnel to such areas; personnel screening; and maintenance of procedures to protect the integrity of shipments);
and 
 (g) report lo Buyer all crises and/or supply chain security breaches and/or situations where illegal or suspicious activities relating to the Work
are detected. In the event of such crisis, supply chain security breach and/or the detection of illegal or suspicious activity related to the Work, Seller shall contact Buyer’s sourcing representative or the GE emergency hotline (U.S. toll-free
+[...***...] /direct dial from outside U.S. +[...***...]) no later than twenty-four (24) hours after inception of the incident. At a minimum, the following details must be provided: (i) date and time of the incident;
(ii) site/location of the incident; and (iii) incident description, 
 Buyer reserves the right to receive and review a physical or electronic
copy of Seller’s Security and Business Continuity Management Policy and to conduct on-site audits of Seller’s facility and practices to determine whether such policy and Seller’s implementation of such policy are reasonably sufficient
to protect Buyer’s property and/or interests. If Buyer reasonably determines that Seller’s Security and Business Continuity Management Policy and/or such policy’s implementation is/are insufficient to protect Buyer’s properly
and/or interests, Buyer may give Seller notice of such determination. Upon receiving such notice, Seller shall have [...***...] thereafter to make such policy changes and take the implementation actions reasonably requested by Buyer.
Seller’s failure to take such actions shall give Buyer the right to terminate this Order immediately without further compensation to Seller. 
 18.2
Supply Chain Security. The Customs-Trade Partnership Against Terrorism (“C-TPAT”) program of the U.S. Customs and Border Protection, the Authorized Economic Operator for Security program of the European Union (“EU AEO”)
and similar World 

  
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Customs Organization SAFE Framework of Standards (collectively, “SAFE Framework”) programs are designed to improve the security of shipments in international trade. C-TPAT applies only
to Sellers with non-U.S. locations that are involved in the manufacture, warehousing or shipment of goods to Buyer or to a customer or supplier of Buyer located in the U.S. EU AEO applies only to Sellers that are involved in the manufacture,
warehousing or shipment of goods originating in, transported through or destined for the EU. Seller agrees that it will review the C-TPAT requirements for foreign manufacturers as outlined at:
http://www.cbp.gov/xp/cgov/trade/cargo_security/ctpat/ctpat_application_material/ctpat_security_guidelines/ and the EU AEO and other SAFE Framework requirements appropriate for its business and that it will maintain and implement a written
plan for security procedures in accordance with them as applicable (“Security Plan”). The Security Plan shall address security criteria such as: container security and inspection, physical access controls, personnel security, procedural
security, security training and threat awareness, and information technology security. Upon request of Buyer, Seller shall: 
 (a) certify to Buyer in
writing that it has read the C-TPAT, EU AEO and/or other applicable SAFE Framework security criteria (collectively, the “Security Criteria”), maintains a written Security Plan consistent with such Security Criteria and has implemented
appropriate procedures pursuant to such plan; 
 (b) identify an individual contact responsible for Seller’s facility, personnel and shipment security
measures and provide such individual’s name, title, address, email address and telephone and fax numbers lo Buyer; and 
 (c) inform Buyer of its
C-TPAT, EU AEO and/or other applicable SAFE Framework membership status and any changes thereto including changes to certification and/or any notice of suspension or revocation. 

Where Seller does not exercise control of manufacturing or transportation of goods destined for delivery lo Buyer or its customers in international trade,
Seller agrees to communicate the C-TPAT, EU AEO and/or other applicable SAFE Framework recommendations and/or requirements to its suppliers and transportation providers and condition its relationship with those entities upon their implementation of
such recommendations and/or requirements. Further, upon advance notice by Buyer to Seller and during Seller’s normal business hours, Seller shall make its facility available for inspection by Buyer’s representative for the purpose of
reviewing Seller’s compliance with the C-TPAT, EU AEO and/or other applicable SAFE Framework security recommendations and/or requirements and with Seller’s Security Plan. Each party shall bear its own costs in relation to such inspection
and review. All other costs associated with Seller’s development and implementation of Seller’s Security Plan and C-TPAT, EU AEO and/or other applicable SAFE Framework compliance shall be borne by Seller. 

19. PACKING, PRESERVATION AND MARKING. Packing, preservation and marking will be in accordance with the specification drawing or as specified on the
Order, or if not specified, the best commercially accepted practice will be used, which will be consistent with applicable law, All goods shall be packed in an appropriate manner, giving due consideration to the nature of the goods, with packaging
suitable to protect the goods during transport from damage and otherwise to guarantee the integrity of the goods to destination. Goods that cannot be packed due to size or weight shall be loaded into suitable containers, pallets or crossbars (hick
enough to allow safe lifting and unloading. Vehicles that reach their destination and present unloading difficulties will be sent back to their point of departure. Seller shall place all markings in a conspicuous location as legibly, indelibly and
permanently as the nature of the article or container will permit. Each package shall bear Buyer’s order number and be accompanied by a readily accessible packing list detailing the contents and including the following information on each
shipment under this Order: Buyer’s order number; case number; routing center number (if provided by Buyer’s routing center); country of manufacture; destination shipping address; commodity description; gross/net weight in kilograms and
pounds; dimensions in centimeters and inches; center of gravity for items greater than one (1) ton; precautionary marks (e.g., fragile, glass, air ride only, do not stack, etc.), loading hook/lifting points and chain/securing locations where
applicable to avoid damage and improper handling. Seller Covenants (defined in Section 15.1) that any wood packing or wood pallet materials delivered or used to deliver, pack and/or transport any goods delivered to Buyer hereunder arc in
compliance with the International Standards for Phytosanitary Measures (ISPM): Guidelines for Regulating Wood Packaging Material (WPM) in international Trade (ISPM Publication No. 15), U.S. Code of Federal Regulations, 7 CFR 319.40-1
through 319.40-11, as may be changed or amended, if the goods are being shipped to the U.S., and similar laws of other jurisdictions to or through which Buyer informs Seller the goods are likely to be shipped or to or through which Seller otherwise
has knowledge that shipment will likely occur. Seller shall provide Buyer with any certifications required by Buyer to evidence its compliance with the foregoing sentence. 

20. GOVERNING LAW. This Order shall in all respects be governed by and interpreted in accordance with the substantive law of the State of New York,
U.S., excluding its conflicts of law provisions. The parties exclude application of the United Nations Convention on Contracts for the International Sale of Goods. 

21. DISPUTE RESOLUTION. 
 21.1 If Seller is a
permanent resident of the U.S., or a corporation or partnership existing under the laws of the U.S., and Seller and Buyer have a controversy, dispute or difference arising out of this Order (“Dispute”), either party may initiate
litigation. Litigation may be brought only in the U.S. District Court for the Northern District of Georgia or, if such court lacks subject matter jurisdiction, in the State or Superior Court of Georgia in Cobb County. The parties submit to the
jurisdiction of said courts and waive any defense of forum non conveniens. The parties waive all rights to jury trials. 
 21.2 If Seller is a
permanent resident of a country other than the U.S., or is a corporation or partnership existing under the laws of any country older than the U.S., and Seller and Buyer have a Dispute, the parties agree to submit any such Dispute to settlement


  
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proceedings under the Alternative Dispute Resolution Rules (the “ADR Rules”) of the International Chamber o. Commerce (“ICC”). If the Dispute has not been settled pursuant to
the ADR Rules within forty-five (45) days following the filing of a request for ADR or within such other period as the parties may agree in writing, such Dispute shall be finally settled under the Rules of Arbitration and Conciliation of the
ICC (the “ICC Rules”) by one or more arbitrators appointed in accordance with such ICC Rules. The place for arbitration shall be Atlanta, Georgia, U.S. and proceedings shall be conducted in the English language unless otherwise stated in
this Order, The award shall be final and binding on both Buyer and Seller, and the parties hereby waive the right of appeal to any court for amendment or modification of the arbitrators’ award. 

22. WAIVER. No claim or right arising out of a breach of this Order can be discharged in whole or in part by a waiver of renunciation unless supported
by consideration and made in writing signed by the aggrieved party. Either party’s failure to enforce any provisions hereof shall not be construed to be a waiver of a party’s right thereafter to enforce each and every such provision. 

23. ELECTRONIC COMMERCE. Seller agrees to participate in all of Buyer’s current and future electronic commerce applications and initiatives upon
Buyer’s request. For contract formation, administration, changes and all other purposes, each electronic message sent between the parties within such applications or initiatives will be deemed: (a) “written” and a
“writing” (b) “signed” (in the manner below); and (c) an original business record when printed from electronic files or records established and maintained in the normal course of business. The parties expressly waive
any right to object to the validity, effectiveness of enforceability of any such electronic message on the ground that a “statute of frauds” or any other law requires written, signet agreements. Between the parties, any such electronic
documents may be introduced as evidence in any proceedings as business records originated and maintained in paper form. Neither party shall object to the admission of any such electronic document under either the best evidence rule or the business
records exception to the hearsay rule. By placing a name or other identifier on any such electronic message, the party doing so intends to sign the message with his/her signature attributed to the message content The effect of each such message will
be determined by the electronic message content and by New York law, excluding any such law requiring signed agreements or otherwise in conflict with tin’s paragraph. 

24. PERSONAL DATA PROTECTION. 
 24.1 “Personal
Data” includes any information relating to an identified or identifiable natural person; “Buyer Personal Data” includes any Personal Data obtained by Seller from Buyer; and “Processing” includes any operation or sell of
operations performed upon Personal Data, such as collection, recording, organization, storage, adaptation or alteration, retrieval, accessing, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or
combination, blocking, erasure of destruction. 
 24.2 Seller, including its officers, directors, employees and/or agents, shall view and Process Buyer
Personal Data only on a need-to-know basis and only to the extent necessary to perform this Order or to carry out Buyer’s further written instructions. 

24.3 Seller shall use reasonable technical and organizational measures to ensure the security and confidentiality of Buyer Personal Data in order to prevent,
among other things, accidental, unauthorized or unlawful destruction, modification, disclosure, access or loss. Seller shall immediately inform Buyer of any Security Breach involving Buyer Personal Data, where “Security Breach” means any
event involving an actual, potential or threatened compromise of the security, confidentiality or integrity of the data, including but not limited to any unauthorized access or use, Seller shall also provide Buyer with a detailed description of the
Security Breach, the type of data that was the subject of the Security Breach, the identity of each affected person and any other information Buyer may request concerning such affected persons and the details of the breach, as soon as such
information can be collected or otherwise becomes available. Seller agrees to take action immediately, at its own expense, to investigate the Security Breach and to identify, prevent and mitigate the effects of any such Security Breach and to carry
out any recovery necessary to remedy the impact. Buyer must first approve the content of any filings, communications, notices, press releases or reports related to any Security Breach (“Notices”) prior to any publication or communication
thereof to any third party. Seller also agrees to bear any cost or loss Buyer may incur as a result of the Security Breach, including without limitation, the cost of Notices. 

24.4 Upon termination of this Order, for whatever reason, Seller shall slop the Processing of Buyer Personal Data, unless instructed otherwise by Buyer, and
these undertakings shall remain in force until such time as Seller no longer possesses Buyer Personal Data. 
 24.5 Seller understands and agrees that Buyer
may require Seller to provide certain Personal Data (“Seller Personal Data”) such as the name, address, telephone number and email address of Seller’s representatives in transactions and that Buyer and its Affiliates and its or their
contractors may store such data in databases located and accessible globally by their personnel and use it for purposes reasonably related to the performance of this Order, including but not limited to supplier and payment administration. Seller
agrees that it will comply with all legal requirements associated with transferring any Seller Personal Data to Buyer, including but not limited to obtaining the consent of any data subject, where required, prior to transferring any Seller Personal
Data to Buyer and/or making any required disclosures, filings or the like with relevant data privacy authorities. Buyer will be the Controller of this data for legal purposes and agrees not to share Seller Personal Data beyond Buyer, its Affiliates
and its or their contractors, and to use reasonable technical and organizational measures to ensure that Seller Personal Data is processed in conformity with applicable data protection laws. “Controller” shall mean the legal entity which
alone or jointly with others determines the purposes and means of the processing of Personal Data. By written notice to Buyer, Seller may obtain a copy of the Seller Personal Data and submit updates and corrections to it. 

  
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 25. ENTIRE AGREEMENT. This Order, with documents as are expressly incorporated by reference, is intended
as a complete, exclusive and final expression of the parties’ agreement with respect to the subject matter herein and supersedes any prior or contemporaneous agreements, whether written or oral, between the parties. This Order may be executed
in one or more counterparts, each of which shall for all purposes be deemed an original and all of which shall constitute the same instrument. Facsimile signatures on such counterparts are deemed originals. No course of prior dealings and no usage
of the trade shall be relevant to determine the meaning of this Order even though the accepting or acquiescing party has knowledge of the performance and opportunity for objection. The term “including” shall mean and be construed as
“including, but not limited to”, unless expressly stated to the contrary. The invalidity, in whole or in part, of any of the foregoing articles or paragraphs of this Order shall not affect the remainder of such articles or paragraphs or
any other article or paragraph of this Order, which shall continue in full force and effect. Further, the parties agree to give any such article or provision deemed invalid, in whole or in part, a lawful interpretation that most closely reflects the
original intention of Buyer and Seller. All provisions or obligations contained in this Order, which by their nature or effect are required or intended to be observed, kept or performed after termination or expiration of an Order will survive and
remain binding upon and for the benefit of the parties, their successors (including without limitation successors by merger) and permitted assigns including, without limitation, Sections 2.3(b) 4, 5, 7, 8,9, 12, 15, 16, 17 and 24. 

  
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 Appendix 3 

GE POWER & WATER INTEGRITY GUIDE FOR SUPPLIERS, CONTRACTORS AND CONSULTANTS 

A Message from GE Power & Water 

The General Electric Company and its GE Power & Water business (“GE”) are committed to unyielding Integrity and high standards of business
conduct in everything we do, especially in our dealings with GE suppliers, contractors and consultants (collectively “Suppliers”). For well over a century, GE people have created an asset of incalculable value: the company’s worldwide
reputation for integrity and high standards of business conduct. That reputation, built by so many people over so many years, depends on upholding it in each business transaction we make. 

GE bases its Supplier relationships on lawful, efficient and fair practices, and expects its Suppliers to adhere to applicable legal and regulatory
requirements in their business relationships, including those with their employees, their local environments, and GE. The quality of our Supplier relationships often has a direct bearing on the quality of our customer relationships. Likewise, the
quality of our Suppliers’ products and services affects the quality of our own products and services. 
 To help GE Suppliers understand both:
(1) the GE commitment to unyielding Integrity and (2) and the standards of business conduct that all GE Suppliers must meet, GE has prepared this GE Power & Water Integrity Guide for Suppliers, Contractors and Consultants.
Suppliers are expected to collaborate with GE’s employees so that those employees can continue to consistently meet these GE integrity commitments. 

The Guide is divided into four sections: 
  

	•	 	GE Code of Conduct 

  

	•	 	GE Compliance Obligations 

  

	•	 	Responsibilities of GE Suppliers 

  

	•	 	How to Raise an Integrity Concern 

 Suppliers should carefully review this Guide, including but not limited to
the section entitled “Responsibilities of GE Suppliers.” Suppliers are responsible for ensuring that they and their employees, workers, representatives and subcontractors comply with the standards of conduct required of GE Suppliers.
Please contact the GE manager you work with or any GE Compliance Resource if you have any questions about this Guide or the standards of business conduct that all GE Suppliers must meet. 

 

					
	Steve Bolze	    	Jeffrey Connelly	  	 
	President & CEO	    	Vice President	  	
		    	Global Supply Chain Management	  	

 GE Code of Conduct 

GE’s commitment to total, unyielding Integrity is set forth in GE’s compliance handbook, The Spirit & The Letter. The policies set
forth in The Spirit & The Letter govern the conduct of all GE employees and are supplemented by compliance procedures and guidelines adopted by GE business components. All GE 

  
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employees must not only comply with the “letter’’ of the Company’s compliance policies, but also with their “spirit.” 

The “spirit” of GE’s Integrity commitment is set forth in the GE Code of Conduct, which each GE employee has made a personal commitment to
follow: 
  

	•	 	Obey the applicable laws and regulations governing our business conduct worldwide. 

  

	•	 	Be honest, fair and trustworthy in all of your GE activities and relationships. 

  

	•	 	Avoid all conflicts of interest between work and personal affairs. 

  

	•	 	Foster an atmosphere in which fair employment practices extend to every member of the diverse GE community. 

  

	•	 	Strive to create a safe workplace and to protect the environment. 

  

	•	 	Through leadership at all levels, sustain a culture where ethical conduct is recognized, valued and exemplified by all employees. 


No matter how high the stakes, no matter how great the challenge, GE will do business only by lawful and ethical means. When working with customers and
Suppliers in every aspect of our business, we will not compromise our commitment to integrity. 
 GE Compliance Obligations

 All GE employees are obligated to comply with the requirements — the “letter”— of GE’s compliance policies set forth in The
Spirit & The Letter. These policies implement the GE Code of Conduct and are supplemented by compliance procedures and guidelines adopted by GE business components and/or affiliates. A summary of some of the key compliance obligations of GE
employees follows: 
 IMPROPER PAYMENTS 
  

	•	 	Always adhere to the highest standards of honesty and integrity in all contacts on behalf of GE. Never offer bribes, kickbacks, illegal political contributions or other improper payments to any customer, government
official or third party. Follow the laws of the United States and other countries relating to these matters. 

  

	•	 	Do not give gifts or provide any entertainment to a customer or supplier without prior approval of GE management. Make sure all business entertainment and gifts are lawful and disclosed to the other party’s
employer. 

  

	•	 	Employ only reputable people and firms as GE representatives and understand and obey any requirements governing the use of third party representatives. 


INTERNATIONAL TRADE CONTROLS 
  

	•	 	Understand and follow applicable international trade control and customs laws and regulations, including those relating to licensing, shipping and import documentation and reporting, and record retention requirements.


  

	•	 	Never participate in boycotts or other restrictive trade practices prohibited or penalized under United States or applicable local laws. 


 

	•	 	Make sure all transactions are screened in accordance with applicable export/import requirements; and that any apparent conflict between U.S. and applicable local law requirements, such as the laws blocking certain U.S.
restrictions adopted by Canada, Mexico and the members of the European Union, is disclosed to GE counsel. 

 MONEY LAUNDERING PREVENTION 

 

	•	 	Follow all applicable laws that prohibit money laundering and that require the reporting of cash or other suspicious transactions. 


  
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	•	 	Learn to identify warning signs that may indicate money laundering or other illegal activities or violations of GE policies. Raise any concerns to GE counsel and GE management. 


PRIVACY 
  

	•	 	Never acquire, use or disclose individual information in ways that are inconsistent with GE privacy policies or with applicable privacy and data protection laws, regulations and treaties. 


 

	•	 	Maintain secure business records of information, which is protected by applicable privacy regulations, including computer-based information. 	 

 SUPPLIER RELATIONSHIPS 
  

	•	 	Only do business with suppliers who comply with local and other applicable legal requirements and any additional GE standards relating to labor, environment, health and safety, intellectual property rights and improper
payments. 

  

	•	 	Follow applicable laws and government regulations covering supplier relationships. 

  

	•	 	Provide a competitive opportunity for suppliers to earn a share of GE’s purchasing volume, including small businesses and businesses owned by the disadvantaged, minorities and women. 


REGULATORY EXCELLENCE 
  

	•	 	Be aware of the specific regulatory requirements of the country and region where the work is performed and that affect the GE business. 


 

	•	 	Gain a basic understanding of the key regulators and the regulatory priorities that affect the GE business. 

  

	•	 	Promptly report any red flags or potential issues that may lead to a regulatory compliance breach. 

  

	•	 	Always treat regulators professionally and with courtesy and respect. 

  

	•	 	Assure that coordination with business or corporate experts is sought when working with or responding to requests of regulators. 


WORKING WITH GOVERNMENTS 
  

	•	 	Follow applicable laws and regulations associated with government contracts and transactions. 

  

	•	 	Be truthful and accurate when dealing with government officials and agencies. 

  

	•	 	Require any supplier or subcontractor providing goods or services for GE on a government project or contract to agree to comply with the intent of GE’s Working with Governments policy and applicable government
contract requirements. 

  

	•	 	Do not do business with suppliers or subcontractors that are prohibited from doing business with the government. 

  

	•	 	Do not engage in employment discussions with a government employee or former government employee without obtaining prior approval of GE management and counsel. 


COMPLYING WITH COMPETITION LAWS 
  

	•	 	Never propose or enter into any agreement or understanding with a GE competitor to fix prices, terms and conditions of sale, costs, profit margins or other aspects of the competition for sales to third parties.


  

	•	 	Do not propose or enter into any agreements or understandings with GE customers restricting resale prices. 

  

	•	 	Never propose or enter into any agreements or understandings with suppliers that restrict the price or other terms at which GE may resell or lease any product or service to a third party. 


ENVIRONMENT, HEALTH & SAFETY 
  

	•	 	Conduct your activities in compliance with all relevant environmental and worker health and safety laws and regulations and conduct your activities accordingly. 


 

	•	 	Ensure that all new product designs or changes or service offerings are reviewed for compliance with GE guidelines. 


  
 45 









	•	 	Use care in handling hazardous materials or operating processes or equipment that use hazardous materials to prevent unplanned releases into the workplace or the environment. 


 

	•	 	Report to GE management all spills of hazardous materials; any concern that GE products are unsafe; and any potential violation of environmental, health or safety laws, regulations or company practices or requests to
violate established EHS procedures. 

 FAIR EMPLOYMENT PRACTICES 
  

	•	 	Extend equal opportunity, fair treatment and a harassment-free work environment to all employees, co-workers, consultants and other business associates without regard to their race, color, religion, national origin, sex
(including pregnancy), sexual orientation, age, disability, veteran status or other characteristic protected by law. 

 SECURITY AND CRISIS
MANAGEMENT 
  

	•	 	Implement rigorous plans to address security of employees, facilities, information, IT assets and business continuity. 

  

	•	 	Protect access to GE facilities from unauthorized personnel. 

  

	•	 	Protect IT assets from theft or misappropriation. 

  

	•	 	Create and maintain a safe working environment. 

  

	•	 	Ensure proper business continuity plans are prepared for emergencies. 

  

	•	 	Screen all customers, suppliers, agents and dealers against terrorist watch lists. 

  

	•	 	Report any apparent security lapses. 

 CONFLICTS OF INTEREST 

 

	•	 	Financial, business or other non-work related activities must be lawful and free of conflicts with one’s responsibilities to GE. 


 

	•	 	Report all personal or family relationships, including those of significant others, with current or prospective suppliers you select, manage or evaluate. 


 

	•	 	Do not use GE equipment, information or other property (including office equipment, e-mail and computer applications) to conduct personal or non-GE business without prior permission from the appropriate GE manager.


 CONTROLLERSHIP 
  

	•	 	Keep and report all GE records, including any time records, in an accurate, timely, complete and confidential manner. Only release GE records to third parties when authorized by GE. 


 

	•	 	Follow GE’s General Accounting Procedures (GAP), as well as all generally accepted accounting principles, standards, laws and regulations for accounting and financial reporting of transactions, estimates and
forecasts. 

  

	•	 	Financial statements and reports prepared for or on behalf of GE (including any component or business) must fairly present the financial position, results of operations and/or other financial data for the periods and/or
the dates specified. 

 INSIDER TRADING OR DEALING & STOCK TIPPING 

 

	•	 	Never buy, sell or suggest to someone else that they should buy or sell stock or other securities of any company (including GE) while you are aware of significant or material non-public information (“inside
information”) about that company. Information is significant or material when it is likely that an ordinary investor would consider the information important in making an investment decision. 


 

	•	 	Do not pass on or disclose inside information unless lawful and necessary for the conduct of GE business — and never pass on or disclose such information if you suspect that the information will be used for an
improper trading purpose. 


  
 46 








 INTELLECTUAL PROPERTY 
  

	•	 	Identify and protect GE intellectual property in ways consistent with the law. 

  

	•	 	Consult with GE counsel in advance of soliciting, accepting or using proprietary information of outsiders, disclosing GE proprietary information to outsiders or permitting third parties to use GE intellectual property.


  

	•	 	Respect valid patents, trademarks, copyrighted materials and other protected intellectual property of others; and consult with GE counsel for licenses or approvals to use such intellectual property. 


Responsibilities of GE Suppliers 
 GE will
only do business with Suppliers that comply with all applicable legal and regulatory requirements. Today’s regulatory environment is becoming more challenging, subjecting GE and its Suppliers to a growing number of regulations and enforcement
activities around the world. This environment requires that GE and its Suppliers continue to be knowledgeable about and compliant with all applicable regulations and committed to regulatory excellence. Suppliers that transact business with GE are
also expected to comply with their contractual obligations under any purchase order or agreement with GE and to adhere to the standards of business conduct consistent with GE s obligations set forth in the “GE Compliance Obligations”
section of this Guide and to the standards described in this section of the Guide. A Supplier’s commitment to full compliance with these standards and all applicable laws and regulations is the foundation of a mutually beneficial business
relationship with GE. 
 GE expects its Suppliers, and any Supplier’s subcontractors, that support GE’s work with government customers to be
truthful and accurate when dealing with government officials and agencies, and adhere strictly to all compliance obligations relating to government contracts that are required to flow down to GE’s suppliers. 

As stated above, GE requires and expects each GE Supplier to comply with all applicable laws and regulations. Unacceptable practices by a GE Supplier include:

  

	•	 	Minimum Age. Employing workers younger than sixteen (16) years of age or the applicable required minimum age, whichever is higher. 


 

	•	 	Forced Labor. Using forced, prison or indentured labor or workers subject to any form of compulsion or coercion or trafficking in persons in violation of the U.S. Government’s zero tolerance policy or other
applicable laws or regulations. 

  

	•	 	Environmental Compliance. Lack of commitment to observing applicable environmental laws and regulations. Actions that GE will consider evidence of a lack of commitment to observing applicable environmental laws and
regulations include: 

  

	—	Failure to maintain and enforce written and comprehensive environmental management programs, which are subject to periodic audit. 

  

	—	Failure to maintain and comply with all required environmental permits. 

  

	—	Permitting any discharge to the environment in violation of law or issued/required permits or that would otherwise have an adverse impact on the environment. 


Health & Safety. Failure to provide workers a workplace that meets applicable health, safety and security standards. 

 

	•	 	Human Rights. 

  

	—	Failure to respect human rights of Supplier’s employees. 

  

	—	Failure to observe applicable laws and regulations governing wage and hours. 

  

	—	Failure to allow workers to freely choose whether or not to organize or join associations for the purpose of collective bargaining as provided by local law or regulation. 


 

	—	Failure to prohibit discrimination, harassment and retaliation. 


  
 47 









	•	 	Code of Conduct. Failure to maintain and enforce GE policies requiring adherence to lawful business practices, including a prohibition against bribery of government officials. 


 

	•	 	Business Practices and Dealings with GE. Offering or providing, directly or indirectly, anything of value, including cash, bribes, gifts, entertainment or kickbacks, to any GE employee, representative or customer or to
any government official in connection with any GE procurement, transaction or business dealing. Such prohibition includes the offering or providing of any consulting, employment or similar position by a Supplier to any GE employee (or their family
member or significant other) involved with a GE procurement. GE also prohibits a GE Supplier from offering or providing GE employees, representatives or customers or any government officials with any gifts or entertainment, other than those of
nominal value to commemorate or recognize a particular GE Supplier business transaction or activity. In particular, a GE Supplier shall not offer, invite or permit GE employees and representatives to participate in any Supplier or Supplier-sponsored
contest, game or promotion. 

  

	•	 	Business Entertainment of GE Employees and Representatives. Failure to respect and comply with the business entertainment (including travel and living) policies established by GE and governing GE employees and
representatives. A GE Supplier is expected to understand the business entertainment policies of the applicable GE business component or affiliate before offering or providing any GE employee or representative any business entertainment. Business
entertainment should never be offered to a GE employee or representative by a Supplier under circumstances that create the appearance of an impropriety. 

  

	•	 	Collusive Conduct and GE Procurements. Sharing or exchanging any price, cost or other competitive information or the undertaking of any other collusive conduct with any other third party to GE with respect to any
proposed, pending or current GE procurement. 

  

	•	 	Intellectual Property and Other Data and Security Requirements. Failure to respect the intellectual and other property rights of others, especially GE. In that regard, a GE Supplier shall: 


 

	—	Only use GE information and property (including tools, drawings and specifications) for the purpose for which they are provided to the Supplier and for no other purposes. 


 

	—	Take appropriate steps to safeguard and maintain the confidentiality of GE proprietary information, including maintaining it in confidence and in secure work areas and not disclosing it to third parties (including other
customers, subcontractors, etc.) without the prior written permission of GE. 

  

	—	If requested by GE, only transmit information over the Internet on an encrypted basis. 

  

	—	Observe and respect all GE patents, trademarks and copyrights and comply with such restrictions or prohibitions on their use as GE may from time to time establish. 


 

	—	Comply with all applicable rules concerning cross-border data transfers. 

  

	—	Maintain all personal and sensitive data, whether of GE employees or its customers in a secure and confidential manner, taking into account both local requirements and the relevant GE policies provided to the Supplier.


  

	•	 	Trade Controls & Customs Matters. The transfer of any GE technical information to any third party without the express, written permission of GE. Failure to comply with all applicable trade control laws and
regulations in the import, export, re-export or transfer of goods, services, software, technology or technical data including any restrictions on access or use by unauthorized persons or entities, and failure to ensure that all invoices and any
customs or similar documentation submitted to GE or governmental authorities in connection with transactions involving GE accurately describe the goods and services provided or delivered and the price thereof. 


 

	•	 	Use Of Subcontractors or Third Parties to Evade Requirements. The use of subcontractors or other third parties to evade legal requirements applicable to the Supplier and any of the standards set forth in this Guide.


 The foregoing standards are subject to modification at the discretion of GE. Please contact the GE manager you work with or any GE
Compliance Resource if you have any questions about these standards and/or their application to particular circumstances. Each GE Supplier is responsible for ensuring that its employees and representatives understand and comply with these standards.
GE will only do business with 

  
 48 








 
those Suppliers that comply with applicable legal and regulatory requirements and reserves the right, based on its assessment of information available to GE, to terminate, without liability to
GE, any pending purchase order or contract with any Supplier that does not comply with the standards set forth in this section of the Guide. 

How to Raise an Integrity Concern 

Subject to local laws and any legal restrictions applicable to such reporting, each GE Supplier is expected to promptly inform GE of any Integrity concern
involving or affecting GE, whether or not the concern involves the Supplier, as soon as the Supplier has knowledge of such Integrity concern. A GE Supplier shall also take such steps as GE may reasonably request to assist GE in the investigation of
any Integrity concern involving GE and the Supplier. 
  

	I.	Define your concern: Who or what is the concern? When did it arise? What are the relevant facts? 

  

	II.	Prompt reporting is crucial — an Integrity concern may be raised by a GE Supplier as follows: 

  

	 	•	 	By discussing it with a cognizant GE Power & Water Manager; 

  

	 	•	 	By calling the GE Power & Water Integrity Helpline at +[...***...] or the GE Corporate Integrity Helpline at +[...***...]; 


 

	 	•	 	By emailing [...***...] or 

  

	 	•	 	By contacting any Compliance Resource (e.g., GE legal counsel or auditor). A GE Compliance Resource will promptly review and investigate the concern. 


 

	III.	GE Policy forbids retaliation against any person reporting an Integrity concern. 


  
 49 








 December 22, 2015 

VIA EMAIL 
 [...***...] 

[...***...] 
 TPI Composites, Inc. 

8501 North Scottsdale Road 
 Gainey Center II, Suite 280 

Scottsdale, AZ 85253 
 Re: Letter Agreement 

Dear Mr. Monie: 
 General Electric International, Inc.,
through its GE Renewable Energy business (“GEII”) and TPI Mexico, LLC, (“TPI”) are parties to a Supply Agreement dated October 31, 2013 (the “Supply Agreement”). The parties are in the process of negotiating
an amendment to the Supply Agreement (the “First Amendment”) but as a result of TPI’s need for capital to expand its Production Facility in Juarez, Mexico to make [...***...] Components for GEII and its affiliates, GEII has agreed to
advance TPI $2,000,000.00 USD (the “Advance Payment”) as more fully described in the Advanced Payment Agreement of even date. Prior to making the Advance Payment the parties have agreed to enter into this letter agreement to set forth the
terms of the First Amendment. The agreed upon terms as set forth on Exhibit 1 are attached hereto and incorporated herein. Capitalized terms used herein but not defined herein shall have the meaning set forth in the Supply Agreement. 

The parties anticipate that they will enter into the First Amendment or before [...***...] (the “Amendment date”). In the event that the parties
fail to enter into the First Amendment by the Amendment Date the terms of this letter shall amend the Supply Agreement. 
 Please acknowledge your agreement
with the foregoing by signing one copy of this letter and returning it to me at the address below. 
 Sincerely, 

 

			
	General Electric International, Inc.
		
	By:	 	 [...***...]

	Name:	 	[...***...]
	Title:	 	[...***...]
	Date:	 	1/27/2016









			
	Acknowledged and agreed to:
	TPI Mexico, LLC
		
	By:	 	 [...***...]

	Name:	 	[...***...]
	Title:	 	[...***...]
	Date:	 	[...***...]








 EXHIBIT 1 
  

	I.	2014 / 2015 

  

	 	A.	[...***...]: GEII and TPI agree that all GEII obligations regarding the [...***...] have been fulfilled. These include, but are not limited to a [...***...] Component [...***...]. 


 

	 	B.	[...***...]: GEII and TPI agree that all GEII obligations regarding the [...***...], and [...***...] have been fulfilled. These include, but are not limited to, the [...***...]. 


 

	 	C.	Volume & Price: GEII and TPI agree that all [...***...] and [...***...] purchase obligations and TPI supply obligations have been fulfilled by GEII and TPI, respectively. GEII and TPI agree
that the PO prices for Components purchased by GEII and supplied by TPI accurately reflect the agreed upon price for [...***...]. 

  

	II.	Term – Section 3 (a) of the Supply Agreement shall be amended by deleting in its entirety and replacing with the following: “Unless extended or unless terminated under this Section 3,
this Agreement will remain in effect until December 31, 2018 (the “Term”)”. 

  

	III.	Guaranteed Capacity – GEII and TPI agree that following the [...***...], TPI’s guaranteed capacity shall be equivalent to and equal to the capacity of [...***...] Components which equates to the number
of such Component sets for each Purchase Time Period as set forth per the table in Attachment A (“Guaranteed Capacity”). 

  

	IV.	Price & Volume 

  

	 	A.	[...***...] Component Price, Guaranteed Capacity, and Minimum Volume Obligation – Details are displayed in Attachment A which is incorporated by reference. 


 

	 	B.	Change Provision - TPI agrees that after TPI commences serial production of the [...***...] Component, the addition by GEII to the [...***...] Component, as applicable, of [...***...] shall not be treated as
a “new blade model” under this Agreement, but rather as a PO change subject to the provision of the Supply Agreement Appendix 2, Section 6, GE Power & Water Standard Terms of Purchase Terms. An initial Baseline Price
shall be developed by TPI at the time of each new blade design and related specifications are approved and priced by TPI, and such new Baseline Price Schedule will be based on a [...***...] for such new blade model of [...***...]. The parties
agree that no guaranteed [...***...] shall apply for subsequent year price adjustments. 









	 	C.	Direct Material Productivity – Beginning in [...***...], if GEII or TPI implement measures that [...***...] the cost of the Bill of Materials for the [...***...] Components, then upon completion of such
implementation, the cost of such [...***...] Component set purchased under this Supply Agreement shall be [...***...] GEII for each such Component set (each an “Immediate Adjustment”). To the extent that TPI shall incur any [...***...]


  

	 	D.	PO Forecast and Placement Requirements - Subject to any reductions in GEII’s purchase commitment as provided in the Supply Agreement, GEII agrees to purchase during each calendar year the minimum number of
Component sets for each Component specified in the table set forth in Attachment A for such calendar year (the “Annual Purchase Commitment”). The Annual Purchase Commitment for the [...***...] Component is referred to herein as the
“[...***...] Annual Purchase Commitment”. TPI has provided GEII with the Bill of Materials to manufacture the [...***...] Components for calendar year [...***...]. TPI has stated the quantity of each of the [...***...] Bill of
Materials components was the same quantity as each of the TPI Iowa, LLC [...***...] Bill of Materials components utilized to establish the [...***...] Order price for [...***...] Components to be manufactured for GEII at the TPI Newton, IA factory
and the cost of each of the Bill of Material components was TPI’s [...***...] cost to purchase each of the Bill of Material components for the TPI Juarez, Mexico factory. GEII has issued a PO or PO’s for its entire forecasted purchase of
[...***...] Components for calendar year [...***...]. Commencing in [...***...] and for each calendar year thereafter GEII shall issue a PO or POs to TPI on or before [...***...] for its entire forecasted purchase for the following calendar year
of [...***...] Components (“[...***...] Orders”) provided that (i) GEII receives by [...***...] the [...***...] Component Bill of Materials used to calculated the Baseline Component price for the following calendar year; and
(ii) Buyer has consented to any changes in the BOM for the following calendar year by [...***...] of the prior calendar year, which consent shall not be unreasonably withheld. For calendar year [...***...], provided GEII has placed
PO’s for at least [...***...] of TPI’s Guaranteed Capacity by [...***...], GEII shall have the right to increase the number of [...***...] Components ordered by submitting additional PO’s by [...***...] (“
[...***...] December Orders”) up to [...***...] of TPI’s Planned Capacity for the [...***...] Components. 

  

	 	E.	Purchases less than [...***...] Annual Purchase Commitment - In the event that GEII fails to Order its [...***...] Annual Purchase Commitment in any calendar year GE shall issue a PO (the “Adjustment
PO”) to TPI by no later than [...***...] of the calendar year in which such shortfall occurs for a dollar amount as calculated herein. The dollar amount of the Adjustment PO shall be calculated by [...***...] 









	 	
[...***...]. Payment by GEII to TPI under the Adjustment PO shall satisfy all of GEII’s obligations under this Agreement with respect to its commitment to purchase the applicable Annual
Purchase Commitment during the applicable calendar year for which the Adjustment PO was issued. 

  

	V.	[...***...] GEII and TPI agree that the expenses below set forth GEII’s sole obligation regarding the development and ramp up of the GEII [...***...] blade. 


 

	 	A.	[...***...] 

  

	 	B.	Cut-up Blade Report (if required) – [...***...]. 

  

	VI.	[...***...] GEII agrees to a [...***...] for the [...***...] sets of [...***...] Components to be purchased in [...***...] and a [...***...] for the [...***...] sets of [...***...] serial production Components to be
purchased in [...***...] as GEII’s sole obligation regarding the [...***...] of the TPI Mexico factory form [...***...] and [...***...] to [...***...]. The [...***...] is included in the Component prices displayed in Attachment A.


  

	VII.	[...***...] Tooling – GEII agrees to [...***...] from TPI – Rhode Island. The tooling scope and price is detailed in Attachment B, Tooling, of this Letter Agreement incorporated herein for
reference.

  

	VIII.	GEII Advance Payment – GEII to provide a USD 2,000,000 advance payment to expedite the building expansion required to accommodate the [...***...] blade molds. The advance payment shall be governed by
the terms of the Advance Payment Agreement displayed as Attachment C of this Letter Agreement. TPI agrees to a TPI parent guaranty as collateral for the GEII USD 2,000,000 advance payment displayed as Attachment D to this Letter Agreement. 


  

	IX.	Storage Yard 

  

	 	A.	Storage Capacity – TPI shall operate a storage facility located in Santa Teresa, New Mexico (the “Storage Yard”), with a maximum storage capacity of [...***...] of [...***...] Components.


  

	 	B.	TPI shall deliver the finished Components to the Storage Yard in shipping fixtures provided by GEII that are capable of appropriately transporting the Components from the Production Facility to the Storage
Yard. GEII shall provide shipping fixtures to the Storage Yard. TPI shall be responsible for transfer of the shipping fixtures to the Production Facility for the loading and transportation of the blades to the Storage Yard. TPI shall
be responsible for the proper care of the shipping fixtures, and all unloading of trailers at the Storage Yard. All damages or losses at the Storage Yard, including without limitation, the Components shall be borne by TPI, and TPI shall be
responsible for insuring against risk of loss or damage at the Storage Yard. The parties understand that TPI shall have no obligation to provide any storage of finished Components at the Production Facility. 


 

	X.	Future Transitions to Longer Blades - after TPI commences production of the [...***...] Component, if the Production Facility or Storage Yard must be [...***...] 









	    	[...***...], then the parties shall adjust any previously agreed upon financial arrangements so that [...***...]. TPI has confirmed that following the expansion of the Production Facility to accommodate
[...***...], no further expansion would be required to accommodate [...***...]. 

  

	XI.	Liquidated Damages – specified in Appendix 2, Section 3.1 of the Supply Agreement [...***...] for the [...***...] Components in calendar year [...***...] or for the [...***...] blade tooling supplied by
TPI Rhode Island to TPI in Juarez, Mexico. 

  

	XII.	[...***...] Warranty – If GEII purchases [...***...] or [...***...] Components [...***...], TPI’s warranty with regard to [...***...] on these Components apply for [...***...] from the Date of
Commercial Operation (as defined in Appendix 2, Section 9.2 (a) of the Supply Agreement) or [...***...], whichever occurs first, [...***...] expected to be completed in full by December 31, 2015. The foregoing does not limit
Seller’s other warranty obligations in this Agreement including, without limitation, Section 9 of GEP&W Purchase Terms. [...***...] results show no substantial difference between Components with and without [...***...], TPI’s
warranty with regard to [...***...] on these Components shall revert to those specified in Appendix 2, Section 9 of the Supply Agreement. 








 Attachment A 

Component Price, Guaranteed Capacity, and Minimum Volume Obligation 

[...***...] 







 Attachment B 

Tooling 
 [...***...] 







 Attachment C 

Advance Payment Agreement 
 This ADVANCED PAYMENT
AGREEMENT (this “Agreement”) is entered into as of December 22, 2015 (the “Effective Date”), by and between GENERAL ELECTRIC INTERNATIONAL, INC., a Delaware corporation, through its GE RENWABLE ENERGY
BUSINESS, having a principal place of business at 1 River Road, Schenectady, New York 12345 (“GEPW” or “Buyer”) and TPI MEXICO, LLC, a Delaware limited liability company, having its principal place of business at
8501 North Scottsdale Road, Suite 280, Scottsdale, AZ 85253 (“Seller”). 
 WHEREAS, Buyer is, among other things, a manufacturer of
gas and wind turbine equipment and requires component parts and materials to manufacture, assemble and sell such equipment; and 
 WHEREAS, Seller is,
among other things, in the business of manufacturing and supplying [...***...] blade sets (each set containing three (3) individual blades) for wind turbine equipment (each such set being a “Component” and such sets being,
collectively, “Components”); and 
 WHEREAS, on or about the date of this Agreement, Buyer and Seller have entered into a letter
agreement (the “ Letter Agreement”) setting forth the terms of an amendment to the Supply Agreement between the parties dated October 31, 2013 (“ First Amendment”). The parties anticipate that the First Amendment shall be
entered into on or before [...***...] (the “Amendment Date”). In the event that the parties fail to enter the First Amendment by the Amendment Date, the Letter Agreement shall amend the Supply Agreement. As used herein Supply Agreement
shall mean the Supply Agreement between the parties dated October 31, 2013 as amended by the First Amendment or Letter Agreement, as the case maybe. Pursuant to the terms of the Letter Agreement, Buyer has agreed to advance certain amounts to
Seller to enable it to manufacture and sell the Components to Buyer, and such amounts will be completely repaid in full to Buyer as set forth in this Agreement; 

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreements contained herein and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the Parties agree as follows: 
 1. ADVANCE PAYMENT 

(a) Buyer shall make an advance payment to Seller in the amount of TWO MILLION AND 00/100 UNITED STATES DOLLARS ($2,000,000.00) (the “Advance
Payment”) to enable Seller to purchase goods, materials and/or services, and to expand its manufacturing facility required for Seller’s manufacture of the Components. Upon execution of this Agreement by both Parties, Seller shall
provide Buyer with an invoice for the Advance Payment. Provided that Seller is in compliance with all terms of this Agreement, Buyer shall pay such Advance Payment to Seller within [...***...] of receipt of Seller’s invoice for the Advance
Payment. 
 (b) The parties agree that the Advance Payment shall be deemed a part of the purchase price Buyer shall pay Seller in consideration for the
Components purchased under the Supply Agreement. 







 (c) Seller shall use the Advance Payment exclusively for the purchase of goods, materials and/or services, and to
expand its manufacturing facility directly and exclusively related to the production of the [...***...] Components required by Buyer. 
 (d) Seller shall
repay the Advance Payment to Buyer in full without interest by providing Buyer with a credit of [...***...] on the purchase price of the first [...***...] Components sets supplied by Seller to Buyer after: (i) Components manufactured for blade
cut up, static, and fatigue tests; (ii) Component sets manufactured for First Piece Qualification (FPQ) and Pilot Lot Qualification (PLQ), and; (iii) the [...***...] Component sets supplied to Buyer after (i) and (ii). If Seller fails
to supply [...***...] of the [...***...] Serial Production sets by December 31, 2016, the outstanding balance of the Advance Payment shall be due and payable on December 31, 2016. In all cases where Seller is repaying the Advance Payment
through a credit on Components ordered under the Supply Agreement, Seller shall provide Buyer with an invoice for [...***...] of the purchase price of the Components ordered and will then show a credit to Buyer for the amount of the purchase price
attributable to the repayment of the Advance Payment. Buyer shall offset the total amount due to Seller for the Components by an amount [...***...] the applicable portion of the Advance Payment provided to Seller related to such Components. 

(e) Buyer shall verify all purchase orders issued under the Supply Agreement (“POs”) and invoices against receipts by Buyer to ensure that the
Advance Payment is accounted for accurately and completely repaid to Buyer. 
 (f) In consideration of and as security for the Advance Payment made by Buyer
to Seller and due and owing by Seller to Buyer and as a condition precedent for any disbursements or other obligations incumbent upon Buyer hereunder or under the Supply Agreement, TPI Composites, Inc. shall execute a parent guaranty to guaranty to
Buyer the Advance Payment (the “Guaranty”). The Guaranty is attached to this Agreement as Appendix A and is incorporated herein by reference. 

(g) The obligation of Seller to fully repay the Advance Payment as set forth herein shall not be reduced or discharged by any alteration in the relationship
between Seller and Buyer, or by any forbearance or indulgence by Buyer towards Seller, whether as to payment, time, performance or otherwise. Seller agrees to make any payment due hereunder or that becomes payable for the Advance Payment without set-off or counterclaim and without any legal formality, such as protest or notice, being necessary and waives all privileges or rights which it may have, other than payment, including any right to require GE to
claim payment or to exhaust remedies against any other person or entity. 
 (h) Seller may pay in advance any or all of the outstanding balance of the
Advance Payment at any time without penalty. Buyer shall recover any remaining balance of the Advance Payment in accordance with the applicable repayment provisions set forth in Section 1(d) above. 

(i) Notwithstanding any other provision of this Agreement, the repayment of the Advance Payment shall become immediately due and repayable to Buyer on demand
in the event that: (i) Seller fails to meet its payment and debt obligations as they mature or ceases to exist as a going concern; (ii) if any 







 
proceeding under the bankruptcy or insolvency laws is brought by or against Seller; (iii) a receiver for Seller is appointed or applied for; or (iv) an assignment for the benefit of
creditors is made by Seller. 
 (j) Time is of the essence hereof. Notwithstanding any other provision of this Agreement, any outstanding balance of the
Advance Payment not repaid by Seller shall become immediately due and shall be repayable on demand in the event that: (i) Seller is in breach or default (the “Default”) of its obligations under this Agreement and fails to cure
such Default within thirty (30) days after receipt of written notice from Buyer to cure such Default; (ii) Seller is in Default of its obligations under the Supply Agreement and fails to cure such Default within the applicable time period
for such cure set forth in the Supply Agreement; (iii) Seller or Parent: (1) enters into any transaction involving a merger, consolidation or amalgamation, (2) conveys, sells or leases, in one or a series of transactions, all or
substantially all of its assets, or (3) sells, transfers or otherwise disposes of, or a third party that is not currently a shareholder of Parent, acquires more than [...***...] of the capital stock or equity interests of Parent or Seller;
or (iv) Buyer otherwise terminates the Supply Agreement in accordance with the terms and conditions of the Supply Agreement. Seller shall repay the outstanding balance of the Advance Payment within thirty (30) days following the
Seller’s Initial Public stock Offering (the “IPO”). 
 (k) Section 1(i) shall take precedence over Section 1(j) in the event of any
conflict or overlap between such sections. 
 (n) Seller shall be responsible for any sovereign, state, local, sales, use, value added or any other taxes,
fees or assessments arising out of or related to the Advance Payment provided by Buyer to Seller. Buyer shall have no obligation to fund or provide Seller with any additional advance monies in excess of or in addition to the Advance Payment.
Prepayments or credits granted by Seller to Buyer in payment of Seller’s obligations hereunder, including by means of delivery of Components, shall be made net of any taxes or deductions; it being Seller’s obligation to make such
additional payments or granting such additional credits to Buyer so that Buyer receives the same amounts it would have received in the absence of any such tax or deduction. 

(p) Seller hereby waives presentment, demand for payment, notice of nonpayment, protest, notice of protest, notice of dishonor and all other notices in
connection herewith, as well as filing of suit, if permitted by law, and diligence in collecting any amount of the Advance Payment and agrees to pay, if permitted by law, all expenses incurred by Buyer in collection of the Advance Payment, including
Buyer’s attorneys’ fees. 
 2. ADVANCE PAYMENTS RECORD FILE 

Seller shall maintain an auditable Advance Payment record file (the “Advance Payment File”) for the duration of this Agreement or until
repayment in full of all of the Advance Payment, whichever is longer. Seller shall permit Buyer’s representatives to review such Advance Payment File each calendar quarter during the term of the Supply Agreement or until the repayment in full
of the Advance Payment. The Advance Payment File shall include at a minimum: (ii) the total outstanding Advance Payment not repaid to Buyer; and (iii) utilization of the Advance Payment by Seller. In addition, at








 
Buyer’s sole discretion, Buyer may require a yearly record of signatures by appropriate Buyer and Seller personnel validating the status of the repayment of the Advance Payment to Buyer.

 3. CHOICE OF LAW AND DISPUTE RESOLUTION 
 (a) The
governing law of this Agreement will be as set forth in the Supply Agreement. 
 (b) Any dispute arising under this Agreement shall be resolved in accordance
with the Dispute Resolution provision in the Supply Agreement. 
 4. ASSIGNMENT, WAIVER, SURVIVAL, ENTIRE AGREEMENT AND EXECUTION IN COUNTERPARTS

 (a) Buyer may assign this Agreement to any of its Affiliates (as defined in Section 1 of the Supply Agreement). Because performance of this
Agreement is specific to Seller, Seller may assign this Agreement only upon Buyer’s prior written consent. 
 (b) No claim or right arising out of a
breach of this Agreement shall be discharged in whole or part by waiver or renunciation, unless such waiver or renunciation is supported by consideration and is in writing signed by the aggrieved party. No failure by either party to enforce any
rights hereunder shall be construed a waiver. 
 (c) All provisions or obligations contained in this Agreement, which by their nature or effect are required
or intended to be observed, kept or performed after termination or expiration this Agreement will survive and remain binding upon and for the benefit of the parties, their successors, including without limitation successors by merger, and permitted
assigns. 
 (d) This Agreement, with such documents as are expressly attached and/or incorporated herein by reference, is intended as a complete, exclusive
and final expression of the parties’ agreement with respect to such terms as are included, is intended also as a complete and exclusive statement of the terms of their agreement and supersedes any prior or contemporaneous agreements, whether
written or oral, between the parties. There are no representations, understandings or agreements, written or oral that is not included herein. No course of prior dealings between the parties and no usage of the trade shall be relevant to determine
the meaning of this Agreement even though the accepting or acquiescing party has knowledge of the performance and opportunity for objection. The invalidity, in whole or in part, of any of the foregoing sections or paragraphs of this Agreement shall
not affect the remainder of such article or paragraphs or any other sections or paragraphs of this Agreement. 
 (e) This Agreement may be executed in one or
more counterparts in facsimile or other written form, each of which shall be considered an original instrument, but all of which shall be considered one and the same agreement, and shall become binding when the one or more counterparts have been
signed by each of the parties hereto and delivered to the other party. 
 IN WITNESS WHEREOF, the parties have caused this Agreement
to be executed by this respective authorized representatives as of the date first set forth above. 








									
	BUYER	 		 		 	SELLER	 	
					
	Name:	 	 [...***...]
	 		 	Name:	 	 [...***...]

	Title:	 	[...***...]	 		 	Title:	 	[...***...]
	Date:	 	[...***...]	 		 	Date:	 	[...***...]








 Attachment D 

Parent Guaranty 
 THIS AGREEMENT OF GUARANTY (this
“Guaranty”) is made this 22nd day of December, 2015, by TPI Composites, Inc., a Delaware corporation with a principal place of business at 8501 North Scottsdale Road, Suite 280, Scottsdale, AZ 85253 (the “Guarantor”), for the
benefit General Electric International, Inc., a Delaware corporation, through its GE Renewable Energy business (“GE”). 

RECITALS: 

WHEREAS, GE and TPI Mexico, LLC, a Delaware limited liability company, having a principal place of business at 8501 North Scottsdale
Road, Suite 280, Scottsdale, AZ 85253, USA (“TPI Mexico”) entered into an Advanced Payment Agreement (the “Advanced Payment Agreement”) of even date; and 

WHEREAS, pursuant to the terms of the Advanced Payment Agreement, GE is advancing to TPI Mexico TWO MILLION AND 00/100 UNITED STATES
DOLLARS ($2,000,000.00) (the “Advance Payment”); and 
 WHEREAS, Guarantor has agreed to unconditionally guarantee the
payment and performance of the obligations as set forth in Advance Payment Agreement. 
 NOW, THEREFORE, in consideration of the
foregoing recitals and in order to induce GE to make the Advance Payment to TPI Mexico, the Guarantor hereby covenants and agrees as follows: 

1. Until such time as GE has been paid in full the Advanced Payment and other charges, fees and expenses due to GE under the Advanced Payment
Agreement (collectively, the “Obligations”), Guarantor hereby irrevocably, unconditionally and absolutely guarantees to GE, its successors and assigns to pay to GE, within [...***...] after Guarantor’s receipt of a demand from GE
notifying Guarantor of TPI Mexico’s failure to repay the Advanced Payment in accordance with the terms and conditions of the Advanced Payment Agreement, (i) a sum sufficient to discharge in full the Obligations; and (ii) all
reasonable fees and expenses incurred as a result of enforcing any of the rights of GE against the Guarantor under this Guaranty whether or not any legal proceedings are commenced. 

2. Notwithstanding the exercise by GE of any of its rights or remedies under the Advanced Payment Agreement, the liability of the Guarantor
under this Guaranty shall continue in full force and effect until the payment, performance and satisfaction of all of the Obligations. 
 3.
This Guaranty is a guaranty of payment and performance and not of collection; liability under this Guaranty shall be direct and primary; and in the enforcement of its rights, GE shall be entitled to look to the Guarantor for the payment and
performance of the Obligations without first commencing any action or proceeding against the TPI Mexico. GE’s election to pursue enforcement of its rights against TPI Mexico under the Advanced Payment Agreement shall not be construed as a








 
waiver of GE’s rights under this Guaranty or impair GE’s right to enforce this Guaranty, it being acknowledged that any such action by GE shall never operate as a release of the
liability of the Guarantor under this Guaranty. Without limiting any of GE’s rights hereunder, GE shall have the right to set off any amounts that Guarantor is obligated to pay under Section 1 of this Guaranty, against any amounts due from
GE to Guarantor or its affiliates. 
 4. The validity of this Guaranty and the Obligations of the Guarantor hereunder shall not be
terminated, affected or impaired by reason of (a) the granting by GE of any indulgence to TPI Mexico; (b) any extension, modification, amendment or other alteration of the Advanced Payment Agreement, this Guaranty, or any of the
Obligations; or (c) the relief, modification, impairment, change or limitation of the liability of TPI Mexico from any of TPI Mexico obligations under the Advanced Payment Agreement by operation of law or otherwise (including, without
limitation, in connection with proceedings under any bankruptcy laws now or hereafter enacted), and the Guarantor hereby waives all suretyship defenses and defenses in the nature thereof. 

5. Until such time as GE has been paid in full the Obligations, the Guarantor irrevocably waives, for itself and its successor and permitted
assigns, any and all rights which the Guarantor may have to claims against TPI Mexico based on subrogation or otherwise with respect to payments made hereunder. The foregoing does not preclude Guarantor’s realization on any property of TPI
Mexico assets provided that such realization is in the ordinary course of business and TPI Mexico is not in default of its obligations to GE under the Advanced Payment Agreement or any other agreement. 

6. The Guarantor waives (a) notice of acceptance of this Guaranty and of any action by GE in reliance thereon, and (b) presentment,
demand of payment, notice of dishonor or nonpayment, protest and notice of protest with respect to any of the Obligations, and the giving of any notice of default or other notice to, or making any demand on anyone (including, without limitation, TPI
Mexico and the Guarantor) liable in any manner for the payment of the Obligations, but nothing herein contained shall be deemed to be a waiver of any notice required to be given to TPI Mexico pursuant to the Advanced Payment Agreement. 

7. The liability of the Guarantor under this Guaranty shall be irrevocable, unconditional, and absolute, and shall continue in full force and
effect according to its terms until all of the Obligations hereby guaranteed to GE have been fully satisfied. The bankruptcy, reorganization, dissolution or liquidation of the Guarantor shall not operate to revoke or impair this Guaranty. The
Guarantor waives all rights and benefits which might accrue to it by any such proceedings and will be liable to the full extent hereunder. The Guarantor shall from time to time deliver satisfactory acknowledgments of the Guarantor’s continued
liability upon request by GE. 
 8. The Guarantor expressly agrees not, at any time, to insist upon or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any appraisement, valuation, stay, extension or redemption laws, now or at any time hereafter in force, which may delay, prevent, impair or otherwise affect payment and performance by the Guarantor of the
Obligations and expressly waives all benefits or advantages of such laws and further covenants not to hinder, delay or impede the execution of any 







 
power granted to GE hereunder, but will suffer and permit the execution of every such power as though no such laws were in force. 

9. If any provision hereof is found by a court of competent jurisdiction to be prohibited or unenforceable, it shall be ineffective only to the
extent of such prohibition or unenforceability and such prohibition or unenforceability shall not invalidate the balance of such provision to the extent it is not prohibited or unenforceable, nor invalidate the other provisions hereof, all of which
shall be construed liberally in favor of GE in order to give effect to the provisions hereof. 
 10. Whenever notice may be given to the
Guarantor under this Guaranty, such notice shall be: (i) personally delivered or (ii) given by registered or certified mail, postage prepaid, return receipt requested, or (iii) forwarded by overnight courier service, to the attention
of Legal Department at the address set forth herein, or such other address as the Guarantor may designate in writing to the GE. All notices given hereunder shall be in writing and shall be deemed given, in the case of notice by personal delivery, or
courier service upon actual delivery, and in the case of registered or certified mail shall be deemed given upon receipt. 
  

			
	 GE
	  	 Guarantor

	ATTN: Legal Department	  	ATTN: Legal Department
	[...***...]	  	[...***...]
	1 River Road, Building 53	  	8501 North Scottsdale Road
	Schenectady, NY 12345	  	Gainey Center II, Suite 280
	[...***...]	  	Scottsdale, AZ 85253
	[...***...]	  	[...***...]
		  	[...***...]

 11. This Guaranty shall be binding upon and enforceable against any successors and permitted assigns of the
Guarantor and shall extend and inure to the benefit of any successors or permitted assignees of TPI Mexico. This Guaranty shall inure to the benefit of and may be enforced by GE and/or its successors and assigns. The Guarantor may not assign or
otherwise transfer any rights or obligations hereunder without GE’s written consent. 
 12. This Guaranty and the rights and obligations
of the Guarantor and GE shall be governed by and construed in accordance with the laws of the State of New York, excluding its conflict of laws rules. 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 







 IN WITNESS WHEREOF, the parties has caused this Guaranty to be executed by their
respective authorized representatives as of the date first above written. 
  

			
	TPI Composites, Inc.
		
	By:	 	 [...***...]

	Name:	 	[...***...]
	Title:	 	[...***...]
	
	Accepted by:
	
	General Electric Company through its GE Renewable Energy Business
		
	By:	 	 [...***...]

	Title:	 	[...***...]
	Date:	 	1/27/2016