Document:

EX-10.30

 Exhibit 10.30 
  

 
 KİRA SÖZLEŞMESİ 
İL:
İZMİR 
İLÇE: Çiğli 
MECUR’UN
TÜRÜ: Bahçeli Tek Katli Prefabrik Fabrika. 
MECUR’UN ADRESİ: Merkez Mahallesi 68 sokak No:4 Sasalı Çiğli -
İZMİR 
KİRAYA VEREN: BORO İnşaat Yatırım Sanayi ve Ticaret A.Ş. 
KİRAYA VEREN’İN İLETİŞİM BİLGİLERİ: 
0232
4645898, Fax: 0232 4631678 
KİRAYA VEREN’İN İKAMETGÂHI: Atatürk Caddesi No:366/l-B 35220, Alsancak - İZMİR 
KİRACI: TPI KOMPOZİT KANAT SAN. VE TİC. A.Ş. 
KİRACI’NIN
İLETİŞİM BİLGİLERİ: 0232 327 34 40 
KİRACI’NIN ADRESİ: SASALI MAH. 1. SOKAK NO. 70 ÇIĞLİ,
İZMİR 
AYLIK KİRA BEDELİ: Net 14.000 ABD Doları + KDV

YILLIK KİRA BEDELİ: Net 168.000 ABD Doları + KDV 
KİRA
ÖDEME ŞEKLİ: Aylık peşin 
KİRA SÜRESİ: 2 yıl 3 ay 
KİRA BAŞLANGIÇ TARİHİ: 16 Ekim 2015 
MECUR İLE TESLİM
EDİLEN EŞYALAR: Sözleşme’nin EK 3’ü altında listelenen eşyalar sağlam ve çalışır şekilde Kiracı’ya teslim edilmiştir. 
MECUR’UN KULLANIM ŞEKLİ: Üretim Alanı / İş Yeri/ Depo

KİRAYA VEREN KİRACI 
BORO İnşaat Yatırım Sanayi
ve Ticaret A.Ş. TPI Kompozit Kanat San. ve Tic. A.Ş. 
BORO İNŞAAT 
YATIRIM SAN. VE TİC A.Ş. 
Alatürk Cad. No: 366/1/B 
İZMİR 
Kordon V.D: 180 003 2889 

 

 
 ÖZEL HÜKÜMLER 
1. İşbu
kira sözleşmesine (“Sözleşme”) konu olan Merkez Mahallesi 68 sokak No:4 Sasali Çiğli - İZMİR adresinde yer alan ve Çiğli Tapu Müdürlüğü nezdinde 271 – 1VC
pafta ve 5 parselde kayıtlı bulunan ve Işbu Sözleşme’nin EK l’i altında yer alan krokide gösterilen alandır (“Mecur”). 
Kiraya Veren, Mecur’u 21 Ekim 2015 tarihinde (“Teslim Tarihi”) Kiracı’ya teslim etmiştir. 
Türk Borçlar Kanunu ve Sözleşme’nin ilgili hükümleri gereğince, Sözleşme süresinin uzaması hali hariç olmak
üzere, işbu Sözleşme’nin imzası anında taraflarca kararlaştırılan kira süresi olan 2 yıl 3 aylık süre içinde Mecur’un satılması (ipoteğin paraya
çevrilmesi nedeniyle icra yoluyla veya doğrudan üçüncü kişilere satiş) ve Kiracı’nın Mecur’u tahliye etmek zorunda kalması durumunda, Kiraya Veren Kiracı’nın tahliye
dolayısıyla uğradiği her türlü zararı, belgelendirilmesi kaydıyla tazmin edecektir. Buna mukabil, Kiracı Mecur’da Kiraya Veren’in yazılı iznine binaen yaptığı tüm
imalat, ilave, değişiklik, yenilik ve benzerlerini bila bedel, hasarsız, kullanılabilir ve çalışır vaziyette Kiraya Veren’e terk edecektir. 
Mecur’un Teslim Tarihi’ndeki fiziksel durumu, işbu Sözleşme EK-2’de yer alan, 21 Ekim 2015 tarihli Durum Belgesi’nde (“Durum Belgesi”)
gösterildiği gibidir. 
Sözleşme’nin EK-3’ü altinda listelenen eşyalar sağlam ve çalişir şekilde Teslim
Tarihi’nde Kiracı’ya teslim edilmiş olup tahliye anında kullanıma bağlı olağan yıpranmalar hariç olmak üzere teslim edilen şekliyle iade alınacaktır. 
Sözleşme’nin EK-4’ü altinda taralı olarak gösterilen bölümde, Kiraya Veren’in makine ve ekipmanları muhafaza edilecek olup bu
bölüm, Mecur’un alanına, bir başka ifade ile kiralanan alana dahil değildir. İlgili alan, Mecur’un alanına dahil olmadiğindan ve Kiracı tarafından ilgili alana giriş
yapılmayacağından, Kiracı’nın bu alanda yer alan makine ve ekipmanlara ilişkin herhangi bir sorumluluğu bulunmamaktadır. Bu makine ve ekipmanların tüm hukuki ve cezai sorumluluğu
münhasiran Kiraya Veren’e ait olmakla birlikte, Kiracı, bu alana personeli tarafından girilmemesini sağlamakla yükümlüdür. Kiracı ve personelinin kusur veya ihmali neticesinde bu makine ve
ekipmanların zarar görmesi halinde Kiraci tüm zarari karşilamakla yükümlüdür. 
2. Kiraya Veren, Mecur’u
Sözleşme hükümlerine uygun olarak Kiracı’ya kiralayamaya yetkili olduğunu ve işbu Sözleşme’de belirtilen tüm taahhüt ve yükümlülüklerini zamanında yerine
getireceğini kabul eder. 
3. Kiracı, Mecur’u rüzgar türbin kanatları, kanat yan sanayi ürünleri üretim alanı, depo
ve işyeri olarak kullanacaktır (“İzin Verilen Faaliyet”). Kiracı, İzin Verilen Faaliyeti Kiraya Veren’in önceden yazılı iznini almaksızın herhangi bir nedenle değiştiremez.
Kiracı’nın Mecur’u İzin Verilen Faaliyet dışında bir amaçla kullanması halinde, Kiraya Veren Kiracı’ya ilgili ihlali düzeltmesi için 7 günlük süre
tanıyacaktır. Kiracı’nın işbu maddede belirtilen sürede ihlali gidermemesi halinde, Kiraya Veren Sözleşme’yi kanundan ve sözleşmeden doğan diğer hakları saklı kalmak
kaydıyla haklı nedenle ve tek taraflı olarak feshetme hakkını haiz olacaktır. 
Kiraya Veren, Kiracı’nın Mecur’da
İzin Verilen Faaliyeti gerçekleştirmesini olumsuz yönde etkileyecek herhangi bir fiili ve hukuki kısıtlamanın varlığından Kiracı’yı korumak adına iyi niyet kuralları
çerçevesinde tüm çabayı göstereceğini kabul ve taahhüt eder. 
Kiracı, işbu Sözleşme’yi
imzalamadan önce Mecur’un İzin Verilen Faaliyet için kullanılıp kullanılamayacağını bizzat araştırıp incelemiş ve Mecur’un İzin Verilen Faaliyet için uygun
olduğunu fiilen ve hukuken kendisi tespit ederek Sözleşme’yi imzalamıştır. 
Kiracı, İzin Verilen Faaliyet’i
yürütmek için ilgili resmi mercilerden gerekli tüm izin, onay ve ruhsatları 
BORO İNŞAAT 
YATIRIM SAN. VE TİC A.S. 
Alatürk Cad. No: 366/1/B 
İZMİR 
Kordon V.D: 180 003 2889 

 

 
 almak ve bir örneğini Kiraya Veren’e ibraz etmekle yükümlüdür. 
Kiracı’nın kendi kusurundan kaynaklanan nedenlerle kamu kurum ve kuruluşlarının ve diğer ilgili mercilerin İzin Verilen Faaliyet’e izin
vermemesinden dolayı doğabilecek sorunlar, Kiracı tarafından giderilecektir. İşbu Sözleşme imzalanmiş olmasına rağmen; gerekli izin, onay ve ruhsatların Kiracı’nın kusurundan
kaynaklanan sebeplerle alınamaması veya geç alınması halinde dahi Kiracı kira bedellerini ödemekle yükümlüdür. 
Kiracı’nın Mecur’da İzin Verilen Faaliyeti gergekleştiremediğinden bahisle Sözleşme’yi feshetmesi durumunda, Kiracı
Mecur’un kiralama amacına uygun olmadığını ileri sürerek Kiraya Veren’den hiçbir nam altında bedel veya tazminat talep edemez. Kiraya Veren, Kiralanan Yer’in kiralama amacına uygun
olduğu konusunda Kiracı’ya hiçbir taahhütte bulunmamıştır. 
4. Kiraya Veren, Kiracı’nın Mecur’da
İzin Verilen Faaliyeti gerçekleştirebilmesi için gerekli olan izin ve ruhsatları (örneğin işyeri açma ve çalişma ruhsatı) alması için elinden gelen her türlü
çabayı iyi niyet kuralları gereğince gösterecektir. Bu çerçevede; Sözleme’nin eki olarak tapu senedi (EK-5), mimari proje (EK-6), yapı kullanma izin belgesi (EK-7) Kiracı’ya teslim
edilmiştir. 
Kiraya Veren’in kusurundan kaynaklanan nedenlerle idari merciler nezdinde doğan sorunlar dolayısıyla Kiracı’nın
İzin Verilen Faaliyet’in yürütülmesi için gerekli ruhsatları alması ve Mecur’da faaliyete geçmesi gecikir ise; bu süre zarfında kira bedeli ödeme
yükümlülüğü ortadan kalkar. Kiracı’nın Sözleşme’yi tazminatsız fesih hakkı saklıdır. Söz konusu izin, ruhsat ve onayların alınması sürecinde
Kiracı idari prosedürün tamamlanmasi için elinden gelen gayreti sarf edecektir. Ancak Kiracı, bu sorunlar bulunsa dahi Mecur’u fiilen kullanmakta ise; kira bedelini kayıtsız şartsiz ödemekle
yükümlüdür. Bu bağlamda, Mecur’un kısmen veya tamamen veya belli zamanlarda kullanılıyor olması ödeme yükümlülüğünü ortadan kaldırmaz. 
Kiraci’nın talebi halinde; idare nezdinde gerekli izin, ruhsat ve onayların alınmasıyla ilgili olarak idareye yapılacak başvurular ve idare
nezdinde işin takibi hususunda belli bir süreye kadar geçerli vekaletname, Kiraya Veren tarafından Kiracı’ya verilecektir. 
5.
Kiracı, Kiraya Veren’in önceden yazılı iznini almaksızın ve Mecur’un ana yapısina zarar vermeksizin Sözleşme’nin EK-8’i altında yer alan listede yapılması zorunlu olarak
belirtilen imalat, tadilat, bakım ve onarım işlerini bila bedel ve tahliye anında Kiraya Veren’e iyi, kullanılabilir, hasarsız ve çalişir vaziyette terk etmek üzere yapmayı kabul, beyan ve
taahhüt eder. Buna mukabil Kiraci, EK 9 altinda ihtiyari olarak belirtilen imalat, tadilat, bakım ve onarım işlerini yapmakla yükümlü olmayıp, bu belirtilen işleri tamamen kendi takdirinde olmak
üzere yapma hakkim haiz olacaktır. Kiracı, işbu Sözleşme’nin imzasıyla birlikte EK 8’deki listede yer alan zorunlu olarak belirtilen her bir işi yapmakla yükümlü hale gelmiş olup,
Ek 9’daki listede ihtiyari olarak belirtilen işleri yapmakla yukumlu degildir ve tamamen kendi takdirine bağli olarak yapmayı tercih edebilir.

Kiraci, EK-8 ve EK-9’da yer alan listelerde belirtilen işler dışında kira süresi içinde Kiraya Veren’in yazılı
onayı olmadan Mecur’da dekor niteliğini aşan başkaca tadilat, inşaat, imalat ve ilave yapamaz, ek bir tesis inşa edemez.

Kiracı, listelenen işler de dahil Mecur’da yapacağı her türlü tadilat, inşaat, imalat ve ilave ilgili olarak proje
hazirlayacak ve bu projeyi Kiraya Veren’in yazılı onayına sunacaktır. 
Mecur’da Kiracı tarafından yapılacak olan her
türlü inşaat, ilave, imalat, değişiklik ve tadilat için gerekli prosedürün resmi merciler nezdinde gerçekleştirilip izin ve onayların alinmasi Kiraci’nın
yükümlülüğündedir. Bu hususta gerekirse, başvuru ve işlerin takibi için Kiraya Veren tarafindan Kiracı’ya vekaletname verilebilir. 
BORO İNŞAAT 
YATIRIM SAN. VE TİC A.Ş. 
Alatürk Cad. No: 366/1/B 
İZMİR 
Kordon V.D: 180 003 2889 

 

 
 Kiraya Veren’den yazılı onay alınması, mevzuattan aykırı yapılaşmaya Kiraya Veren
tarafından izin verildiği anlamına gelmez, Kiracı’nın mevzuattan doğan yükümlülükleri ortadan kaldırmaz. Kiracı tarafından mevzuata aykırı olarak yapılan her
türlü iş ve eylemden doğan hukuki, cezai, idari ve mali sorumluluğu kira süresi boyunca Kiracı’ya aittir. Kiracı’nın imar mevzuatına aykırı bir yapı yaptığı
gerekçesiyle Kiraya Veren’in herhangi ödeme yapmakla yükümlü olması durumunda (Kiracı’nın söz konusu aykırılık için ilgili idare ve mahkemeler nezdinde savunma
hakkına halel getirmeksizin), Kiraya Veren kendisine yapılan ödeme tebligatını Kiracı’ya ilettikten en geç 2 gün içinde Kiracı ödeme tebligatında yazan tutarı Kiraya
Veren’e ödeyecek veya ilgili merciiye yapılan ödeme belgesini Kiraya Veren’e tevdi edecektir. Bu hususta Kiraya Veren, Kiracı’nın mevzuata aykırı yaptığı tadilatlar sebebiyle
Kiracı’nın personeline, üçüncü bir kişiye, idari veya resmi kurum/kuruluşlara veya benzer bir yere doğrudan veya mahkeme kararına dayalı olarak işin devamı süresinde bir
ödeme yapmak zorunda kalırsa, ödediği tutarı Kiracı’ya rücu edecektir. Herhangi bir şüpheye mahal vermemek adına, Kiracı’nın yaptığı imalat, tadilat ve sairden
kaynaklanmayan ve Kiraya Veren ve/veya Bina’nın kiralama tarihinden önceki yapısal unsurlarından kaynaklanan durumlarda Kiracı’nın herhangi bir sorumluluğu bulunmayacaktır. 
Kiracı’nın işbu madde kapsamında ve mevzuata uygun şekilde yapacağı tüm sabit imalat, ilave, tadilat, eklenti ve benzerleri, Mecur
tahliye edilirken bila bedel, hasarsız, kullanıma uygun ve çalışır vaziyette Kiraya Veren’e bırakılacaktır. Bu kapsamda, Kiraya Veren, işbu Sözleşme’nin herhangi bir sebeple
feshedilmesi halinde Mecur’un eski hale getirilmesini talep edemez. 
6. Kiracı, Kiraya Veren’ın yazılı izni olmadan bu
Sözleşme’yi veya bu Sözleşme’den doğan haklarını kısmen veya tamamen başkasına devredemez, Mecur’u üçüncü şahıslara kiraya veremez, her ne nam
altında olursa olsun hiç bir kimseye işgal ve istifade ettiremez, ortak alamaz. Ancak Kiracı, Mecur’u kısmen ya da tamamen Kiraya Veren’ın önceden yazılı iznini almaksızın
dilediği kişilere alt kiraya verme hakkına sahiptir. Alt kira sözleşmesinin şartları ve süresi, işbu Sözleşme’nin şartları ve süresi ile sınırlı olup
Kiracı, alt kiracıya kendisinin sahip olduğundan daha geniş ya da değişik kullanma hakkı tanıyamaz, alt kira ile Kiraya Veren zararına hareket edemez. Kiracı, alt kiracı ile akdedeceği
sözleşmede, işbu Sözleşme’nin herhangi bir sebeple sona ermesi halinde alt kira sözleşmesinin de sona ereceğine ilişkin bir hüküm yer almasını sağlayacaktır.
Mecur’un alt kiraya verilmesi, kanunun Kiraya Veren’e verdiği haklar saklı kalmak kaydıyla, Kiraya Veren ile alt kiracı arasında herhangi bir sözleşmesel bağ kurulduğu anlamına gelmez, Kira
bedelinin ödenmesi de dahil işbu Sözleşme ile üstlenilen tüm yükümlülüklerin ifasından yine Kiracı sorumludur. 
7. Kiraya Veren, Kira Dönemi boyunca masrafları kendisine ait olmak üzere zorunlu deprem sigortasıni yaptıracaktır. Sigortaya ilişkin tüm
belgeler, işbu Sözleşme’nin imzalanmasını takip eden 7 gun içerisinde Kiracı’ya verilecektir. 
8.
Kiracı’nın Kira Bedeli ödeme yükümlülüğü, 16 Ekim 2015 (“Kira Başlangıç Tarihi”) tarihi itibariyle başlayacaktır. Kira süresi, 31 Aralık 2017 tarihinde
sona erecektir (“Kira Süresi”). 
Kiracı’nın Kira Süresi sonuna kadar Sözleşme’yi feshetmemesi halinde;
Sözleşme, kira miktarı maddesi hariç aynı hüküm ve şartlar altında 1 yıllık dönemler halinde kendiliğinden uzayacaktır. 
9. Kiracı, kira süresi ile sınırlı olmak üzere Mecur’u aylık net 14.000 ABD Doları + KDV (“Kira Bedeli”)
karşılığında kiralamıştır. 2 yıl 3 aylık kira süresi boyunca Kira Bedeli’nde herhangi bir artiş olmayacaktır. Kira Bedeli, Kiraya Veren tarafından ABD Doları olarak
faturalandırılacak ve Kiracı tarafından ABD Doları olarak ödenecektir. 
Feshi ihbarda bulunulmaması sebebiyle kira süresinin
uzaması halinde; ödenecek aylık net kira bedeli, Taraflar’ın karşılıklı mutabakatı uyarınca belirlenecek olup, her halükarda, uzayan dönemde ödenecek kira bedeli,
Sözleşme kapsamında en son ayda ödenen Kira Bedeli’nden düşük olmayacaktır. Taraflar her halükarda uzayan kira süresinde uygulanacak artiş oranina ilişkin yazılı 
BORO İNŞAAT 
YATIRIM SAN. VE TİC A.Ş. 
Alatürk Cad. No: 366/1/B 
İZMİR 
Kordon V.D: 180 003 2889 

 

 
 mutabakati aralarinda en geç uzama döneminin ilk beş günü içinde yapacaklardir. 
10. Kira Bedeli, her ayin ilk 5 (beş) iş günü içerisinde Kiraya Veren tarafından bildirilecek olan Banka Hesabi’na nakden ve peşin olarak
ödenecektir. 
BORO İnşaat Yatırm Sanayi ve Ticaret A.Ş.

Garanti Bankası Kordon Şubesi 
Hesap no: 865/9090170 
IBAN: TR31 0006 2000 8650 0009 0901 70 
11. Kiraci, işbu sözleşme devam
ettiği müddetçe kira bedelinden ayrı olarak kendisi tarafından tüketilen su, elektrik, doğalgaz ve benzeri kullanım masrafları ile çevre temizlik vergisi ve Mecur’un kullanımına
ilişkin emlak vergisi dışında kalan diğer vergi ve harçların ödemesinden sorumludur. Bunların tesisatı, ekipman ve malzemeleri Kiraya Veren tarafından temin edilmiş olmakla beraber,
ilgili kurum ve kuruluşlarla kendi adina abonmanlık tesisi, kontrat akdi ve feshi, sarfiyat depozitolarının yatırılması, geri alınması, gerekmesi halinde güç artırımlarının
yapılmasıyla ilgili her türlü işlemi gerçekleştirme yükümlülüğü Kiracı’ya aittir.

Mecur’a konulacak her türlü pano ve tabelayla ilgili olarak tahakkuk edecek reklam ve benzeri vergileri kira bedelinden ayrı olarak Kiracı
tarafından ödenecektir. 
12. Kiracı, işbu Sözleşme’yi, devam ettiği müddetçe Sözleşme’nin imza
tarihini müteakip 1 yıldan sonra dilediği herhangi bir zamanda ve tazminat ödeme yükümlülüğü bulunmaksızın Kiraya Veren’e en az 6 ay önce yazılı olarak ihbarda
bulunmuş olmak kaydıyla feshedebilir. 
Kiracı, işbu madde ile öngörülen feshi bildirim süresine uymayı kabul, beyan ve
taahhüt etmiştir. 
Kiracı’nın Sözleşme’yi imza tarihini müteakip 1 yıldan önce feshedip Mecur’u tahliye
etmesi halinde; Kiracı, ilgili 1 yıllık dönemdeki bakiye kira bedellerini Kiraya Veren’e ödemekle yükümlü olacaktır. Kiracı’nın yukarıda öngörülen 6 aylık
feshi ihbar süresine uymadan Sözleşme’yi feshedip Mecur’u tahliye etmesi halinde; Kiracı, her halükarda toplamda 6 aylık kira bedelini Kiraya Veren’e ödemekle yükümlü olacaktır.
Örneğin, Kiracı’nın iki ay önceden fesih bildiriminde bulunmak kaydıyla Sözleşme’yi fesih ve Mecur’u tahliye etmesi halinde, Kiracı iki aylık ihbar süresinde Kira Bedeli
ödemeye devam edecek ve buna ilaveten feshi ihbar süresinin tamamlanmasına kalan dört aylık süreye tekabül eden Kira Bedeli’ni de tahliye tarihini müteakip 7 gün içinde ödemekle
yükümlü olacaktır. Herhangi bir şupheye mahal vermemek adına, Kiracı’nın altı aylik feshi ihbar süresine uymaksızın Mecur’u tahliye etme durumu ilk bir sene içerisinde ve
altıncı aydan sonra gerçekleştiği takdirde dahi altı aylık feshi ihbar süresine dair kira bedelleri Kiraya Veren’e ödenecektir. 
13. Deprem gibi doğadan gelen olaylar ile harp, grev, lokavt, terör, isyan, resmi dairelerin emirleri ve uygulamaları, devrim (ihtilal), ayaklanma,
olağanüstü durumların yol açtiği insan ve toplum olayları ile Devletçe konulmuş hukuki yasaklar gibi Kiracı’nın izin verilen faaliyetini, taraflardan birinin ya da ikisinin işbu
sözleşmede yükümlendikleri edimlerini kısmen ve/veya tamamen yerine getirmesini imkansızlaştıran ya da zorlaştıran haller “mücbir sebepler” olarak kabul edilecektir. 
Mücbir sebepler dolayısıyla faaliyette bulunamayan veya Sözleşme’de belirlenmiş olan yükümlülüklerini yerine getiremeyecek
veya yerine getirmede gecikecek olan taraf, durumu, mücbir sebebin ortaya çıkmasindan itibaren yedi gün içinde diğer tarafa bildirmekle yükümlüdür. Taraflar’ın
yükümlülükleri, mücbir sebebin devam ettĭgi süre boyunca askıda olacaktır. Mücbir sebeplerin sona ermesinden sonra Sözleşmenin uyqulanmasına devam edilecektir. Ancak müdbir
sebeplerin 
BORO INŞAAT 
YATIRIM SAN. VE TIC A.S. 
Atatürk Cad. No: 366/1/B 
IZMIR 
Kordon V.D: 180 003 2889 

 

 
 durumunda Tarafların sözleşmeyi derhal ve tazminatsız olarak fesih etme hakkı saklıdır. 
14. Taraflar, işbu Sözleşme’nin giriş bölümünde yer alan adreslerin tebligat adresleri olduğunu kabul ederler. Taraflardan biri, adres
değişikliğini diğer Tarafa noter veya taahhütlü posta aracılığıyla yazılı olarak bilgilendirmediği takdirde, bilinen adrese yapılan bildirimler geçerli şekilde
yapılmış sayılacaktır. Fesih ve temerrüde ilişkin bildirimler Türk Ticaret Kanunu’nun 18/3 maddesi uyarınca (i) noter veya (ii) taahhütlü posta vasıtasıyla yapılacaktır.

15. İşbu Sözleşme’nin imzalanmasından doğacak olan damga vergisi ve/veya noter masrafları Kiracı tarafından
ödenecek olup ödenen tutarın yarısına tekabül eden bedel Kiracı tarafından yapılacak ödemeyi takiben 7 (yedi) işgünü içerisinde Kiraya Veren’e
faturalandırılacaktır ve Kiraya Veren tarafindan Kiraci’ya ödenecektir. 
16. İşbu Sözleşme’de yapılacak her
türlü tadil veya değişiklik, Taraflar’ın karşılıklı mutabakatları üzerine yazılı olarak yapılacaktır. 
17. Taraflar, işbu Sözleşme’den doğabilecek her türlü uyuşmazlık, ihtilaf veya talepler bakımından İzmir
Mahkemeleri’nin ve İcra Daireleri’nin münhasiran yetkili olduğunu kabul ederler. 
Taraflar, işbu Sözleşmeyi ve eklerini 21
Ekim 2015 tarihinde bir asıl nüsha olarak düzenleyip akdetmişlerdir. 
Ekler: 
EK-1: Kiralanan alanı gösteren kroki 
EK-2: Durum belgesi 
EK-3: Kiralananla birlikte Kiraci’ya teslim edilen eşya listesi 
EK-4: Kiralanana
dahil olmayan alanı gösterir kroki 
EK-5: Tapu senedi 
EK-6: Mimari
proje 
EK-7: Yapı kullanma izin belgesi 
EK-8: Kiracı tarafindan
kiralananda yapılacak zorunlu işlerin listesi 
EK-9: Kiracı tarafindan ihtiyari olarak yapılabilecek işlerin listesi 
BORO İNŞAAT 
YATIRIM SAN. VE TİC A.Ş. 
Atatürk Cad. No: 366/1/B 
İZMİR 
Kordon V.D: 180 003 2889 

 

 
 Kiracı/Tenant:

Adı-Soyadı/Name-Surname: TPI KOMPOZİT KANAT SAN. VE TİC. A.Ş. 
on behalf of/ adına 
İmza/Signature: 
Kiraya Veren/Landlord: 
Adı-Soyadı/Name-Surname: BORO İnşaat
Yatırım Sanayi ve Ticaret A.Ş. 
İmza/Signature: 

 

 
 KİRA SÖZLEŞMESİ 
İL:
İZMİR 
İLÇE: ÇİĞLİ 
MECUR’UN
TÜRÜ: Arsa 
MECUR’UN ADRESİ: 66 Ada, 4 Parsel, Pafta 27-I- IVC 
KİRAYA VEREN’İN ADI VE SOYADI: Hakan 
Öncevarlik 
KİRAYA VEREN’İN İLETİŞİM BİLGİLERİ: 0532 340 7738 
KİRAYA VEREN’İN İKAMETGÂHI: 
71 Sokak No. 1/1
Sasali-Çiğli / İzmir 
KİRACI’NIN ADI VE SOYADI: TPI KOMPOZİT KANAT SAN. VE TİC. A.Ş. 
KİRACI’NIN İLETİŞİM BİLGİLERİ: 0232 327 34 40

KİRACI’NIN ADRESİ: SASALI MAH. 1. SOKAK NO. 70 ÇİĞLİ, İZMİR 
AYLIK KİRA BEDELİ: NET 1.000 ABD Doları 
YILLIK KİRA BEDELİ: NET
12.000ABD Doları 
KİRA ÖDEME ŞEKLİ: Aylik 
KİRA
DÖNEMİ: 20/10/2015 – 31/12/2016 
KİRA BAŞLANGIÇ TARİHİ: 20/10/2015 
KİRA SÖZLEŞMESİ TARİHİNDE MECURUN DURUMU: ARSA 
LEASE AGREEMENT

CITY: İZMİR 
DISTRICT: ÇİĞLİ 
TYPE OF THE PREMISES: Land 
ADDRESS OF THE PREMISES: 66 Block, Parcel 4, Plot 27-I-IVC

NAME, SURNAME OF THE LANDLORD: Hakan Öncevarlik 
CONTACT INFORMATION OF
THE LANDLORD: 0532 340 7738 
RESIDENCE ADRESS OF THE LANDLORD: 
71 Sokak No.
1/1 Sasali-Çiğli / İzmir 
NAME, SURNAME OF THE TENANT: TPI

KOMPOZİT KANAT SAN. VE TİC. A.Ş. 
CONTACT INFORMATION OF THE
TENANT: 
0232 327 34 40 
ADDRESS OF THE TENANT: SASALI MAH. 1. SOKAK NO. 70
ÇİĞLİ, İZMİR 
MONTHLY NET RENTAL FEE: NET USD 1,000 
ANNUAL NET RENTAL FEE: NET USD 12,000 
TYPE OF RENTAL FEE PAYMENT: Monthly 
TERM OF RENT: 20/10/2015 -31/12/2016 
RENT COMMENCEMENT DATE: 20/10/2015 
CONDITION OF THE PREMISES AT THE DATE OF LEASE AGREEMENT:LAND 
KİRAYA VEREN KİRACI

HAKAN ÖNCEVARLIK TPI KOMPOZİT KANAT 
SAN. VE TİC. A.Ş.

THE LANDLORD THE TENANT 
HAKAN ÖNCEVARLIK TPI KOMPOZİT KANAT

SAN. VE TİC. A.Ş. 
KDK#267478#v7 

 

 
 ÖZEL HÜKÜMLER 
1. İşbu
kira sözleşmesine (“Sözleşme”) konu olan mecur, İzmir İli, Çiğli İlçesi, Sasalı Mahallesi adresinde yer alan ve Çiğli Tapu Müdürlüğü nezdinde
66 ada,27-I-IVC pafta ve 4 parselde kayıtlı bulunan arsadır (“Mecur”). Kiraya Veren, Mecur’u 20/10/2015 tarihinde tüm takyidatlardan ari ve boş bir şekilde (“Teslim Tarihi”) Kiracı’ya
teslim etmiştir. 
2. Kiraya Veren, Mecur’u Sözleşme hükümlerine uygun olarak Kiracı’ya kiralamaya yetkili olduğunu ve
işbu Sözleşme’de belirtilen tüm taahhüt ve yükümlülüklerini zamaninda yerine getireceğini kabul eder. 
3.
Kiraya Veren, Kiracı’nın Mecur’daki faaliyetlerini gerçekleştirmesini olumsuz yönde etkileyecek herhangi bir fııli ve hukuki kısıtlamanın varlığından
Kiracı’yı korumak adına tüm çabayı göstereceğini kabul ve taahhüt eder. Kiraya Veren’den kaynaklanan bir sebeple Kiracı’nın faaliyetlerinin yerine getirilmesinin
zorlaşması veya imkânsız hale gelmesi durumunda Kiracı, ihlalin giderilmesi için 5 (beş) gün içerisinde Kiraya Verene bildirimde bulunacaktır. Kiraya Veren, söz konusu ihlali
öngörülen süre içerisinde gideremediği takdirde Kiracı, herhangi bir tazminat ödemeksizin, Sözleşme’yi derhal feshetme hakkına sahiptir. Kiracı’nın bu tur bir fesih
nedeniyle tazminat talep etme hakkı saklıdır. 
4. Kiracı, Kiraya Veren’in önceden yazılı iznini almaksızın,
işbu Sözleşme’den doğan borçlarını üçüncü kişilere devredemez. 
5. Sözleşme’nin
herhangi bir nedenle feshedilmesi halinde Kiracı, Mecur’u 30 gün (“Tahliye Süresi”) içerisinde teslim aldığı haliyle iade edecektir. Kiracı’nın Mecur’da beton
dökümü yapması halinde, Kiracı Mecur’u eski hale getirerek Kiraya Veren’e teslim etmekle yükümlü olacaktır. Kiracı’nın kendisinden ve Mecur’da
gerçekleştirdiği faaliyetlerden ötürü meydana qelen cezalar, Kiracı tarafından ödenecektir. 
SPECIAL PROVISIONS

1. The Premises subject to this lease agreement (the “Agreement”) is the land on the real property located at the address of İzmir İli,
Çiğli İlçesi, Sasalı Mahallesi, registered with the Çiğli and Registry under Block No. 66, 27-I- IVC, Plot No. and Parcel No. 4 (the “Premises”). The Landlord has delivered the Premises to the
Tenant on 20/10/2015 (the “Delivery Date”) free from any encumbrances in a vacant condition. 
2. The Landlord accepts and acknowledges that it is
authorized to lease the Premises to the Tenant in accordance with the terms of this Agreement and it shall timely fulfill its all undertakings, obligations set out in this Agreement. 
3. The Landlord accepts and undertakes to use best endeavors to avoid any de facto and de jure interventions that may negatively affect the Tenant’s activity within the
Premises. If the performance of the Tenant’s activities are impaired or become impossible due to the Landlord’s intervention, the Tenant shall notify the Landlord in writing to remedy such breach within 5 (five) days. If the Landlord does
not remedy such breach within the designated time period, the Tenant shall be entitled to terminate the Agreement with immediate effect without any compensation requirement. The Tenant’s right to claim compensation due to such termination shall
be reserved. 
4. The Tenant shall not assign its obligations arising from this Agreement to third parties, without the prior written consent of the Landlord.

5. If the Agreement is terminated for any reason whatsoever, the Tenant shall return the Premises within 30 days (the “Eviction Term”) in the condition
of the Premises as delivered. If the Tenant pours concrete within the Premises, the Tenant shall be obligated to restore and repair the Premises. The Tenant shall be responsible from any sanctions arising from any reason attributable to the Tenant
or 
KDK#267478#v7 
2 

 

 
 Kiracı’nin, Tahliye Süresi içerisinde Kira Bedeli ödemekle yükümlü olmayacaktır. its
operations within the Premises. The Tenant shall not be obliged to pay the Rental Fee in the Eviction Term. 
6. Kiracı’nin Kira Bedeli ödeme
yükümlülüğü, 20 Ekim 2015 (“Kira Başlangiç Tarihi”) tarihi itibariyle başlayacaktir. Kira Süresi 31 Aralık 2016 tarihinde sona erecektir (“Kira Süresi”). Kira
Süresi’nin hitamindan en az 30 gün önce Taraflar Sözleşme’nin uzayip uzamayacağına ilişkin iyi niyetli olarak müzakerelerde bulunacaklardır. Sözleşme’nin bu hüküm
uyarınca uzaması durumunda, uzayan dönemlerdekı kira bedelleri karşılıklı olarak müzakere edilecek ve piyasa koşullarına göre değerlendirilecektir. Taraflar’ın Kira
Süresi’nin hitamında Sözlesme’nin uzamasına ilişkin mutabakata varamamaları halinde, Kiracı Mecur’u 5. Madde hükümlerine uygun olarak tahliye edecektir. 
6. The Rental Fee payment obligation of the Tenant shall commence on 20 October 2015 (the “Rent Commencement Date”). The Rental term will expire on 31 December 2016 (the
“Rental Term”). The Parties shall negotiate in good faith whether or not the Agreement will extend at least 30 days before the expiration of the Rental Term. If the Agreement is extended in accordance with this article, the rental fees in
the extension terms shall be negotiated mutually and revised in accordance with the market conditions. If the Parties cannot agree on the extension of the Agreement at the end of the Rental Term, the Tenant shall vacate the Premises in accordance
with the provisions of Article 5. 
7. Kiracı, Mecur’u aylık net 1.000 ABD Doları (“Kira Bedeli”) karşiliğında
kiralamıştir. İşbu Sözleşme’deki Kira Bedeli net bedel olup, Kiracı Kira Bedeli’nin stopaj tutarlarını da ilgili vergi dairesine ayrıca ödeyecektir. 
7. The Tenant has rented the Premises with a monthly rent amounting to net USD 1,000 (the “Rental Fee”). The Rental Fee determined under this Agreement is a net value and
the Tenant shall also pay the withholding amounts of the Rental Fee to the relevant tax authority separately. 
8. Kira Bedeli, her ayın ilk 5 iş
günü içerisinde Kiraya Veren tarafından bildirilecek olan Banka Hesabı’na nakden ve peşin olarak ödenecektir. 
8. The
Rental Fee shall be paid in cash on a monthly basis and within the first 5 business days of each month in cash and in advance to the bank account to be notified by the Landlord. 
9. Kiracı, kendisi tarafından tüketilen su, elektrik, doğalgaz ve benzeri kullanım masrafları ile çevre temizlik vergisi ve Mecur’un
kullanımına ilişkin diğer vergi ve harçların ödemesinden sorumludur. 
9. The Tenant shall be responsible for the utility
payments such as water, electricity, gas, etc. that are consumed by the Tenant together with the environmental cleaning tax and other taxes and charges whatsoever that may be payable in relation to the use of the Premises. 
10. Kiracı, işbu Sözleşme’yi Kiraya Veren’e 30 gün önceden yapacağı bir yazılı bildirim ile herhangi bir tazminat
yükümlülüğü bulunmaksızın her zaman tek taraflı olarak feshetme hakkına sahiptir. 
10. The Tenant shall be
entitled to unilaterally terminate the Agreement at any time by providing a 30 days’ prior written notice to the Landlord without any compensation requirement whatsoever. 
11. Kiracı, işbu Sözleşme’yi masrafları kendisine ait olmak üzere ilgili tapu müdürlüğü nezdinde şerh ettirebilir.
Kiraya Veren, işbu Sözleşme’nin tapuya şerh ettirilmesi için gereklı olan her türlü 
11. The Tenant is solely
entitled to annotate this Agreement with the relevant land registry at its own expense. The Landlord undertakes that it shall provide the Tenant with any information, 
KDK#267478#v7 
3 

 

 
 bilgi, belge ve beyanı Kiracı’nın talebi üzerine 5 (beş) gün içerisinde Kiracı’ya
vermeyi taahhüt eder. İşbu Sözleşme’nin herhangi bir sebeple feshedilmesi halinde Kiracı, şerhi derhal kaldırmayı kabul ve beyan eder. 
documentation, declaration that is necessary for the annotation of this Agreement within 5 (five) days upon the Tenant’s request. In the event that the Agreement is terminated
due to any reason whatsoever by any of the parties, the Tenant accepts and undertakes to immediately release the annotation. 
12. Taraflar, Kira
Başlangıç Tarihi itibariyle Mecur’un etrafinda bulunan çitin sökülmesi ve Kira Süresi boyunca bu çit bulunmaksızın Mecur’un kullanılması konusunda mutabık
kalmışlardır. Kiracı, Kira Süresi’nin hitamında veya Sözleşme’nin feshi durumunda, Mecur’un etrafına yeniden benzer bir çit çekerek Mecur’u Kiraya Veren’e teslim
edecektir. 
12. The Parties have agreed that the fence surrounding the Premises will be removed as of the Rent Commencement Date and the Premises will be used
without a fence throughout the Rental Term. At the expiration date of the Rental Term or termination of this Agreement, the Tenant shall deliver the Premises after enclosing the Premises with a similar fence. 
13. Kiraya Veren tarafından işbu Sözleşme’nın imza tarihinden önce yaptırılan kazı-dolgu çalışmasının
masrafı olan 1.500 TL, işbu Sözleşme kapsamında Kiraya Veren’e yapılacak ilk ödemeyle birlikte Kiraya Veren’e ödenecektir. Herhangi bir şüpheye mahal vermemek adina bu ödeme
yalnızca bir kereye mahsus olmak üzere yapılacaktır. 
13. The expenses for the excavation and filling works conducted by the Landlord before the
execution date of this Agreement amounting to TRY 1,500 will be paid to the Landlord together with the first payment to be made to the Landlord within the scope of this Agreement. For the avoidance of any doubt, this payment will only be made once.

14. Aşağıda belirtilen durumlar dâhil ancak bunlarla sınırlı olmamak üzere, Taraflar’ın makul kontrolü
dışında gelişen veya Taraflar’ın fiillerinden kaynaklanmayan, İzin verilen Faaliyeti engelleyen veya aksatan durumlar Mücbir Sebep olarak değerlendirilir. 
Mücbir Sebepler: (i) yangın, (ii) sel, (iii) deprem, (iv) salgın hastalık (v) sabotaj veya işin ertelenmesine neden olan diğer benzer olaylar, (vi)
genel grev, (vii) ülkenin savaş halinde olması nedeniyle alınan olağanüstü tedbir ve uygulamalar ve (viii) uygulanacak hukuk kapsamındaki yeni değişikliklerden kaynaklanan durumlar ve buna benzer
durumlardır. 
Taraflar’ın yükümlülükleri, mücbir sebebin devam ettiği süre boyunca askida olacaktır.

14. Including but not limited to each of the events listed below, which are beyond the reasonable control of the respective Parties or not caused by the actions of
the Parties and which prevent or delay the Permitted Activity, shall be considered Force Majeure events. 
Examples of Force Majeure events are: (i) fire; (ii)
flood; (iii) earthquake; (iv) epidemic; (v) sabotage or other similar events which delay the work; (vi) general strikes; (vii) extraordinary precautions and practices due to the country being at war; and (viii) occurrences arising from new
introductions to the applicable legislation and similar conditions. 
The obligations of the respective Parties shall be suspended for the period during which the
force majeure event continues. 
KDK#267478#v7 
4 

 

 
 15. Taraflar, işbu Sözleşme’nin giriş bölümünde yer alan adreslerin tebligat adresleri
olduğunu kabul ederler. Taraflardan biri, adres değişikliğini diğer Tarafa noter aracılığıyla yazılı olarak bilgilendirmediği takdirde, bilinen adrese yapılan bildirimler
geçerli şekilde yapılmış sayılacaktır. Fesih ve temerrüde ilişkin bildirimler Türk Tıcaret Kanunu’nun 18/3 maddesi uyarıinca (i) noter veya (ii) taahhütlü posta
vasıtasıyla yapılacaktır. 
15. The Parties hereby accepts that the addresses provided in the preamble of this Agreement are their official
notification addresses. If any one of the Parties fail to inform the other Party with respect to change of its address via a written notification to be delivered by via a notary public, any notification made to the known address shall be deemed to
have been duly delivered. Any notifications with respect to termination or default shall be delivered via (i) notary public or (ii) registered mail in accordance with Article 18/3 of the Turkish Commercial Code. 
16. İşbu Sözleşme’nin imzalanmasindan doğacak olan damga vergisi ve/veya noter masrafları Taraflar’ca eşit olarak tarafından
karşılanacaktır. 
16. Any stamp duties and/or notary charges to be paid as a result of the execution of this Agreement shall be borne equally by the
Parties. 
17. İşbu Sözleşme’de yapılacak her türlü tadil veya değişiklik, Taraflar’ın
karşıhkı mutabakatları üzerine yazılı olarak yapılacaktır. 
17. Any amendment or alteration to this Agreement shall be
made in writing with the mutual consent of Parties. 
18. Taraflar, işbu Sözleşme’den doğabilecek her türlü uyuşmazlık,
ihtilaf veya talepler bakımından İzmir Mahkemeleri’nin ve İcra Daireleri’nin münhasıran yetkili olduğunu kabul ederler.

18. The Parties declare themselves subject to the exclusive jurisdiction of the Izmir Courts and the Execution Offices for the resolution of any controversy,
dispute or claim that may arise from this Agreement. 
Taraflar, işbu Sözleşmeyi, 20/10/2015 tarihinde bir asıl nüsha olarak
akdetmişlerdir ve Sözleşme bu tarih itibariyle yürürluğe girmiştir. Sözleşme’nin aslı Kiracı’da, bir kopyası ise Kiraya Veren’de kalacaktır. 
In witness whereof, the Parties have executed this Agreement on the date 20/10/2015 in one original copy and this Agreement shall enter into force as of this date. The original
copy shall remain with the Tenant, whereas the Landlord shall be provided with a photocopy. 
KDK#267478#v7 
5 

 

 
 Kiracı/Tenant:

Adı-Soyadı/Name-Surname: TPI KOMPOZİT KANAT SAN. VE TİC. A.ş. 
on behalf of/ adına 
İmza/Signature: 
Kiraya Veren/Landlord: 
Adı-Soyadı/Name-Surname: HAKAN ÖNCEVARLIK 
İmza/Signature: 
KDK#267478#v7 
6EX-10.31

 Exhibit 10.31 
  

 
 NORDEXSUBLEASE AGREEMENTThis SUBLEASE AGREEMENT (this “Sublease”) is made and entered into as of April24th, 2015 and shall be
effective as of March 1, 2015 by and between TPI, Inc., a Delaware corporation (“Sublandlord”), and Nordex Energy GmbH, (“Subtenant”). 
WHEREAS,
Ferreira Realty, LLC, a Rhode Island limited liability company(“Landlord”), and Sublandlord, as tenant, arc parties to a certain Lease dated as of I MAR ,2015 (“Master Lease”) pursuant to which Landlord is leasing to Sublandlord
the vacant parcel of land being 42 feet wide by 144 feet long and being a portion of Plat I, Lot 4C in the town ofRehoboth, Massachusetts (the “Premises”), as more particularly described in the Master Lease, upon the terms and conditions
contained therein. All capitalized terms used herein shall have the same meaning ascribed to them in the Master Lease unless otherwise defined herein. A copy of the Master Lease is attached hereto as Exhibit”A” and made a part hereof.

WHEREAS, Sublandlord and Subtenant wish to enter into a sublease for the Premises(the “Sublease Premises”) on the terms and conditions hereafter set
forth. 
NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto mutually covenant and agree as follows: 
I. Demise. Sublandlord hereby subleases and demises to Subtenant and
Subtenant hereby hires and subleases from Sublandlord the Sublease Premises, upon and subject to the terms, covenants and conditions hereinafter set forth. The parties stipulate that the square footage of the Sublease Premises shall be as specified
above. 
2. Sublease Term. 
(a) Sublease Term. The term of this Sublease
(“Term”) shall commence on March I, 2015 (“Sublease Commencement Date”) and continue until February 29, 2016 (the “Sublease Initial Term”), and thereafter, this Sublease shall automatically renew on a month-to-month
basis; provided that either party may terminate this Sublease at the end of the Sublease Initial Term or any renewal term by providing the other party with 95 days’ written notice prior to the end of the Sublease Initial Term or such renewal
term, as applicable. 
3. Use. The Sublease Premises shall be used and occupied by Subtenant solely for the storage of wind turbine blade molds and related
equipment. 
4. Subrental. 
(a) Rent. Subtenant shall pay to Sublandlord total
rent of Forty Thousand Five Hundred Dollars (US$40,500) with respect to the Sublease Premises for the Sublease Initial Term, payable as follows: (i) Twenty Thousand Two Hundred Fifty Dollars (US$20,250) payable on the Sublease Commencement Date;
(ii) Ten Thousand One HundredTwenty Five Dollars (US$10,125) payable on May 11, 2015; and (iii) Ten Thousand One602424239v I Sublease Agreement 

 

 
 NORDEX 
Hundred Twenty Five Dollars (US$10,125)
payable on August 10, 2015. After the Sublease Initial Term, Subtenant shall pay to Sublandlord rent in the amount of Two Thousand Two Hundred Dollars (US$2,200) per month, payable monthly in advance on or before the first business day of the
applicable calendar month. 
Any amounts owing to Sublandlord pursuant to this Section 4 shall hereinafter be collectively referred to as “Rent.”

(b) Payment of Rent. Except as otherwise specifically provided in this Sublease, Rent shall be payable in lawful money upon receipt of invoice, and without offset,
counterclaim, or setoff. All Rent is to be paid to Sublandlord at its office at the address set forth in Section 13 herein, or at such other place or to such agent and at such place as Sublandlord may designate by notice to Subtenant. 
(c) Late Charge. Subtenant shall pay to Sublandlord an administrative charge at an annual interest rate equal to the Prime Rate (as stated under the column “Money Rates”
in the Wall Street Journal) on all amounts of Rent payable hereunder which are not paid within ten 10) business days of the date on which such payment is due, such charge to accrue from the date upon which such amount was due until paid. 
5. No Improvements and Signage. Subtenant shall have no right to make any improvements to the Sublease Premises without the prior written consent of Sublandlord. Subtentant shall
not maintain Subtenant identification signs in any location in, on, or about the Sublease Premises without the prior written consent of Sublandlord. 
6.
Incorporation of Terms of Master Lease. 
(a) This Sublease is subject and subordinate to the Master Lease. Subject to the modifications set forth in this Sublease
(including the insurance provision set forth in Section 6(b)(ii), the terms of the Master Lease are incorporated herein by reference, and shall, as between Sublandlord and Subtenant (as if they were “Landlord” and “Tenant,”
respectively, under the Master Lease) constitute the terms of this Sublease except to the extent that they are inapplicable to, inconsistent with, or modified by, the terms of this Sublease. In the event of any inconsistencies between the terms and
provisions of the Master Lease and the terms and provisions of this Sublease, the terms and provisions of this Sublease shall govern. Subtenant acknowledges that it has reviewed the Master Lease and is familiar with the terms and conditions thereof.

(b) For the purposes of incorporation herein, the terms of the Master Lease are subject to the following additional modifications: 
(i) In all provisions of the Master Lease (under the terms thereof and without regard to modifications thereof for purposes of incorporation into this Sublease) requiring the
approval or consent of Landlord, Subtenant shall be required to obtain the approval or consent of both Sublandlord and Landlord. 
(ii) During the Term, Sublandlord
shall maintain the insurance policies and -coverage under the Master Lease as well as insurance with respect to the 
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wind turbine blade molds that will be
stored on the Premises, and the amount and type of such insurance shall be as mutually agreed upon by Sublandlord and Subtenant. 
7. Subtenant’s Obligations.
Subtenant covenants and agrees that all obligations of Sublandlord under the Master Lease shall be done or performed by Subtenant with respect to the Premises, except as otherwise provided by this Sublease, and Subtenant’s obligations shall run
to Sublandlord and Landlord as Sublandlord may determine to be appropriate or be required by the respective interests of Sublandlord and Landlord. Subtenant agrees to indemnify Sublandlord, and hold it harmless, from and against any and all claims,
damages, losses, expenses and liabilities (including reasonable attorneys’ fees) incurred as a result of Subtenant’s non-performance, non-observance or non-payment of any of its obligations under the Master Lease which, as a result of this
Sublease, became an obligation of Subtenant. If Subtenant makes any payment to Sublandlord pursuant to this indemnity, Subtenant shall be subrogated to the rights of Sublandlord concerning said payment. Subtenant shall not do, nor permit to be done,
any act or thing which is, or with notice or the passage of time would be, a default under this Sublease or the Master Lease. 
8. Sublandlord’s Obligations.
Sublandlord shall provide all reasonable assistance and cooperation to Subtenant (at no material cost or liability to Subtenant) to enforce Sublandlord’s rights under the Master Lease to compel performance by Landlord with respect to
Landlord’s obligations under the Master Lease. Any condition resulting from a default by Landlord shall not constitute as between Sublandlord and Subtenant an eviction, actual or constructive, of Subtenant and no such default shall excuse
Subtenant from the performance or observance of any of its obligations to be performed or observed under this Sublease, or entitle Subtenant to receive any reduction in or abatement of the Rent provided for in this Sublease unless, and to the
extent, Sublandlord is excused from performance, or entitled to a reduction or abatement of its rental obligations to Landlord under the Master Lease also. In furtherance of the foregoing, Subtenant does hereby waive any cause of action and any
right to bring any action against Sublandlord by reason of any act or omission of Landlord under the Master Lease, subject to the right of assistance and cooperation from Sublandlord described above. Sublandlord shall extend all reasonable
cooperation to Subtenant (at no material cost or liability to Subtenant) to enable Subtenant to receive the benefits under this Sublease, as the same are dependent upon performance under the Master Lease. Sublandlord shall continue to maintain the
existing security measures on the Premises throughout the term of this Sublease and shall promptly make any necessary repairs should any damage occur as a result of Sublandord failing to maintain such security measures so that Subtenant’s
property and materials are not compromised. 
9. Default by Subtenant. In the event Subtenant shall be in default of any covenant of, or shall fail to honor any
obligation under, this Sublease, Sublandlord shall have available to it against Subtenant all of the remedies available (a) to Landlord under the Master Lease in the event of a similar default on the part of Sublandlord thereunder or (b) at law.

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10. Quiet Enjoyment. So long as Subtenant
pays all of the Rent due hereunder and performs all of Subtenant’s other obligations hereunder, Sublandlord shall do nothing to affect Subtenant’s right to peaceably and quietly have, hold and enjoy the Sublease Premises. 
11. Notices. Anything contained in any provision of this Sublease to the contrary notwithstanding, Subtenant agrees, with respect to the Sublease Premises, to comply with and
remedy any default in this Sublease or the Master Lease which is Subtenant’s obligation to cure, within the period allowed to Sublandlord under the Master Lease, even if such time period is shorter than the period otherwise allowed therein due
to the fact that notice of default from Sublandlord to Subtenant is given after the corresponding notice of default from Landlord to Sublandlord. Sublandlord agrees to forward to Subtenant, promptly upon receipt thereof by Sublandlord, a copy of
each notice of default received by Sublandlord in its capacity as Tenant under the Master Lease. Subtenant agrees to forward to Sublandlord, promptly upon receipt thereof, copies of any notices received by Subtenant from Landlord or from any
governmental authorities. All notices, demands and requests shall be in writing and shall be sent either by hand delivery or by a nationally recognized overnight courier service (e.g., Federal Express), in either case return receipt requested, to
the address of the appropriate party. Notices may also be sent by electronic mail, provided that such notices are also sent by one of the other permitted methods hereunder. Notices, demands and requests so sent shall be deemed given when the same
are received. 
Notices to Sublandlord shall be sent to: TPI, Inc. 
P.O. Box 367

373 Market Street 
Warren, Rhode Island 02885-0367 
Attn: Ed DaSilva 
E-mail: edasi1va@tpicomposites.com 
Notices to Subtenant shall be sent to: Nordex Energy GmbH 
Langenhorner Chaussee 600

22419 Hamburg, Germany 
Attn: Torben Neumann 
E-mail: tneumann@nordex-online.com 
12. Broker. Sublandlord and Subtenant represent and warrant
to each other that no brokers were involved in connection with the negotiation or consummation of this Sublease. Each party agrees to indemnify the other, and hold it harmless, from and against any and all claims, damages, losses, expenses and
liabilities (including reasonable attorneys’ fees) incurred by said party as a result of a breach of this representation and warranty by the other party. 
13.
Condition of Premises. 
(a) Commencement. Subtenant acknowledges that (i) it is subleasing the Sublease Premises in an “as-is” unfurnished condition, (ii)
Sublandlord is not making any 
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representation or warranty concerning the
condition of the Sublease Premises, and (iii) Sublandlord is not obligated to perform any work to prepare the Sublease Premises for Subtenant’s occupancy other than to deliver the Sublease Premises. 
(b) Vacation. Subtenant further acknowledges that it must deliver the Sublease Premises to Sublandlord upon termination of this Sublease in the condition substantially the same as
that on the Sublease Commencement Date. Subtenant shall also remedy any hazardous substance contamination which is the result of the act or omission of Subtenant, its agents, employees, contractors, invitees or licensees, by promptly remediating or
removing such contamination in its entirety and shall indemnify Sublandlord and its affiliates from any and all damages and liabilities relating thereto. 
(c) Entry
Rights. Upon reasonable prior notice, Sublandlord expressly reserves the right to enter and conduct inspections of the Premises during ordinary business hours. Upon reasonable prior notice in each instance, Sublandlord may enter the Sublease
Premises during ordinary business hours to show the space to actual or prospective lenders, purchasers, tenants or users at any time during the term of this Sublease. 
14. Termination of the Lease. If for any reason the term of the Master Lease shall terminate, this Sublease shall automatically be terminated and Sublandlord shall not be liable to
Subtenant by reason thereof unless said termination shall have been caused by the default of Sublandlord under the Master Lease, and said Sublandlord default was not as a result of a Subtenant default hereunder. If this Sublease is terminated
pursuant to the preceding sentence due to Sublandlord’s default that was not a result of a Subtenant default hereunder, Sublandlord shall reimburse Subtenant on a day-for-day pro-rata basis for any payments made in advance of use o f the
Premises. 
15. Assignment and Subletting. Independent of and in addition to any provisions of the Master Lease, it is understood and agreed that, except as
expressly provided herein, Subtenant shall have no right to assign or sublet the Sublease Premises or any portion thereof or any right or privilege appurtenant thereto and any such assignment or subletting shall be void. Subtenant shall have the
right to assign this Sublease or any interest therein, and to suffer or permit any other person (other than agents, servants or associates of the Subtenant) to occupy or use the Sublease Premises, only upon the prior written consent of Sublandlord,
which consent shall not be unreasonably withheld, and, to the extent required under the Master Lease, the prior written consent of Landlord. Any assignment or subletting by Subtenant without Sublandlord’s prior written consent shall be void and
shall, at the option of Sublandlord, terminate this Sublease. 
16. Limitation of Estate. Subtenant’s estate shall in all respects be limited to, and be
construed in a fashion consistent with, the estate granted to Sublandlord by Landlord. Subtenant shall stand in the place of Sublandlord and shall defend, indemnify and hold Sublandlord harmless with respect to all covenants, warranties,
obligations, and payments made by Sublandlord under or required of Sublandlord by the Master Lease with respect to the Sublease Premises. In the event Sublandlord is prevented from performing any of its obligations under this Sublease by a breach by
Landlord of a term of the Master Lease, then Sublandlord’s sole obligation in regard to its obligation under this Sublease shall be to use 
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reasonable efforts in diligently pursuing
the correction or cure by Landlord of Landlord’s breach. 
17. Entire Agreement. It is understood and acknowledged that there are no oral agreements between the
parties hereto affecting this Sublease and this Sublease supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and understandings, if any, between the parties hereto or displayed by Sublandlord to Subtenant
with respect to the subject matter thereof, and none thereof shall be used to interpret or construe this Sublease. This Sublease, and the exhibits and schedules attached hereto, contain all of the terms, covenants, conditions, warranties and
agreements of the parties relating in any manner to the rental, use and occupancy of the Sublease Premises and shall be considered to be the only agreements between the parties hereto and their representatives and agents. None of the terms,
covenants, conditions or provisions of this Sublease can be modified, deleted or added to except in writing signed by the parties hereto. All negotiations and oral agreements acceptable to both parties have been merged into and are included herein.
There are no other representations or warranties between the parties, and all reliance with respect to representations is based totally upon the representations and agreements contained in this Sublease. 
18. Acceptance. The submission of this Sublease to Subtenant does not constitute an offer to lease. This Sublease shall become effective only upon the execution and delivery
thereof by both Sublandlord and Subtenant. Sublandlord shall have no liability or obligation to Subtenant by reason of Sublandlord’s rejection of this Sublease or a failure to execute, acknowledge and deliver same to Subtenant. 
19. Miscellaneous. This Sublease shall be governed by and interpreted in accordance with the laws of the State of Rhode Island, except as they may be preempted by federal law. In
any action brought or arising out of this Sublease, the parties hereto hereby consent to the jurisdiction of any federal or state court having proper venue within the State of Rhode Island and also consent to the service of process by any means
authorized by Rhode Island or federal law. The parties hereby agree that any proceeding relating to any dispute under this Sublease or with respect to the interpretation of any provision of this Sublease shall be conducted in Bristol County, Rhode
Island. The headings used in this Sublease are for convenience only and shall be disregarded in interpreting the substantive provisions of this Sublease. Time is of the essence of each term of this Sublease. If any provision of this Sublease shall
be determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, that portion shall be deemed severed therefrom and the remaining parts shall remain in full force as though the invalid, illegal, or unenforceable portion
had never been a part thereof. This Sublease may be executed in one or more counterparts, all of which, taken together, shall constitute one and the same Sublease. In the event of any litigation or similar proceeding, action or arbitration between
the parties with respect to this Sublease, the prevailing party shall be entitled to recover reasonable attorney’s fees and cost incurred in connection therewith. Each of Sublandlord and Subtenant, respectively, warrant that it has the
authority to enter into and perform its respective obligations under this Sublease, subject to the terms of the Master Lease, and that the individual executing this Sublease on behalf of Sublandlord and Subtenant, respectively, has the authority to
enter into this Sublease and to execute all other documents and perform all other acts as contemplated herein. 
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IN WITNESS WHEREOF, the parties have
entered into this Sublease as of the date first written above. 
SUBLANDLORD:

TPI, Inc., 
a Delaware corporation 
By: 4/29/15 
Its: VP/GM 
SUBTENANT: 
Nordex Energy GmbH, 
By: 
Bernard Schäferbarthold 
Its: ppa. H.-R. Lenhartz 
General Counsel 
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EXHIBIT “A” 
COPY OF MASTER LEASE 
LEASE 
THIS INDENTURE OF LEASE made as of the 1st day of March, 2015, by and between FERREIRA REALTY, LLC (hereinafter referred to as “Landlord”), and TPI, INC. (hereinafter
referred to as “Tenant”). 
WITNESSETH THAT: 
In consideration of the
rents, covenants and agreements to be paid, kept and performed by Tenant, as hereinafter provided, Landlord hereby demises and leases to Tenant, and Tenant hereby hires and takes from Landlord the real property described as a vacant parcel of land
being 42 feet wide by 144 feet long and being a portion of Plat 1, Lot 4C; as shown on Exhibit “A” as the cross-hatched area. (the “Premises”.) 
TO HAVE AND TO HOLD the Premises, together with all rights, privileges, easements and appurtenances thereunto belonging and attaching, unto Tenant for a term (hereinafter called
the “Initial Term”) commencing as of March 1, 2015 and ending on February 28, 2016, which Initial Term may be extended as provided herein. 
Tenant shall
have the option to extend this Lease as a month to month tenant (“Renewal Term”). Such option may be exercised by Tenant giving the Landlord written notice of its intention to extend this Lease at least three months prior to the expiration
of the Initial Term. (The Initial Term plus any Renewal Term hereof are collectively referred to as the “term hereof”.) It shall be a condition of the exercise of such option that at the time such option is exercised no Event of
Default (as hereinafter defined) or event which with the giving of notice or passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing. During any Renewal Term, either the Landlord or Tenant may terminate
the lease by giving the other party at least three months notice of the termination date. 
This Lease is made upon the covenants and agreements herein set forth on
the part of the respective parties, all of which the parties respectively agree to observe and comply with during the term hereof. 
1. RENTAL. 
1.1 During the Initial Term hereof Tenant shall pay to Landlord a minimum annual 
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 net rental (the “Rent”) of TWENTY-ONE THOUSAND SIX HUNDRED And No/100 ($21,600.00) DOLLARS, payable monthly in advance on or
before the first business day of each month during said term in equal installments of ONE THOUSAND EIGHT HUNDRED And No/100 ($1,800.00) DOLLARS. Tenant covenants and agrees with Landlord to pay said rent at the time and in the manner as aforesaid by
checks or drafts payable to Landlord at 71 FALL RIVER AVENUE, REHOBOTH, MA 02769, or at such other place as Landlord may direct Tenant. 
1.2 During any Renewal Term
hereof, the Rent for such period shall remain the same as the Initial Term. 
1.3 Tenant shall use the Premises solely for the storage of wind turbine blades or
other equipment. 
1.4 Tenant shall access the Premises through the driveway, and across the property of, J&J Materials. 
2. COMPLIANCE WITH LAWS AND REGULATIONS. 
Tenant will at all times during the term hereof keep
the Premises in good order and a strictly sanitary condition and observe and perform all laws, ordinances, orders, rules and regulations now or hereafter made by any governmental authority for the time being applicable to the Premises or any
improvement thereon or use thereof, and with the orders, rules and regulations of the National Board of Fire Underwriters or similar organization so far as the same may relate to the use of the Premises, and will indemnify Landlord against all
actions, suits, damages and claims by whomsoever brought or made by reason of the nonobservance or performance of such laws, ordinances, orders, rules and regulations, or of this covenant. 
3. INSPECTION. 
Tenant will permit Landlord and its agents at all reasonable times during the
term hereof to enter the Premises and examine the state of repair and condition thereof, and the use being made of the same. Landlord may also enter upon the Premises to perform any repairs or maintenance which Tenant has failed to perform
hereunder, and to show the premises to prospective purchasers, tenants and mortgagees. 
4. WASTE AND UNLAWFUL USE. 
Tenant will not make waste or any unlawful, improper or offensive use of the

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 Premises. 
5. ASSIGNMENT AND SUBLETTING.

Tenant may assign or sublet all or any portion of the Premises, or otherwise transfer any interest therein; so long as the Tenant’s use of the property
remains the same. 
6. INSURANCE. 
6.1 Landlord will, at its own cost and
expense at all times during the term hereof, insure and keep insured the buildings and structures included in the Premises, but not the contents or other property of Tenant in the Premises, in such manner and amounts as Landlord deems appropriate.

6.2 Tenant will, at its own cost and expense, effect and maintain during the term hereof, a policy or policies of comprehensive general liability insurance, or its
equivalent, with minimum limits of not less than $100,000 for injury to one or more persons in any one occurrence, and also insurance in the sum of not less than $300,000 against claims for property damage in any one accident, such policy or
policies to name Landlord as additional assured, to require the insurer to give Landlord at least ten days’ written notice of its intention to cancel, terminate or amend the insurance policy or policies in any material respect, and to cover the
entire Premises. 
7. LANDLORD’S COSTS AND EXPENSES. 
If Tenant shall fail
to comply with any of its obligations hereunder, Landlord may, upon ten (10) days’ prior written notice to Tenant (or without notice in case of emergency), take such action as may be required to cure any such default by Tenant. Tenant will pay
to Landlord, on demand, all costs and expenses, including reasonable attorneys’ fees, incurred by Landlord in enforcing any of the covenants herein contained, in remedying any breach by Tenant of its covenants, in recovering possession of the
Premises, in collecting any delinquent rents, taxes or other charges payable by Tenant hereunder, or in connection with any litigation commenced by or against Tenant (other than condemnation proceedings) to which Landlord, without any fault on its
part, shall be made a party. Any such amounts owing either to Landlord or to Tenant shall bear interest at the rate of ten percent (10%) per annum from and after the date paid or incurred by Landlord or Tenant, as the case may be. All such amounts
owing to Landlord shall constitute additional rent hereunder. 
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 8. INDEMNIFICATION OF LANDLORD. 
8.1 Tenant shall
indemnify and save harmless Landlord (regardless of Tenant’s covenant to insure) against and from any and all claims by or on behalf of any person or persons, firm or firms, corporation or corporations, arising from the use, occupancy, conduct
or management of or from any work or thing whatsoever done in or about the Premises, unless done by Landlord, any of its agents, contractors, servants, employees or licensees, and shall further indemnify and save Landlord harmless against and from
any and all claims arising during the term hereof from any condition of the Premises, or arising from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed pursuant to the
terms of this Lease, or arising from any act of Tenant or any of its agents, contractors, servants, employees or licensees, to any person, firm or corporation occurring during the term hereof in or about the Premises or upon or under said areas, and
from and against all costs, counsel fees, expenses or liabilities incurred in or about any such claim or action or proceeding brought thereon. 
8.2 Tenant shall pay
and indemnify Landlord against all legal costs and charges, including reasonable counsel fees, incurred in obtaining possession of the Premises after the default of Tenant or upon expiration or earlier termination of the term hereof, other than by
reason of any default of Landlord, or in enforcing any covenant or agreement of Tenant herein contained. 
9. LIENS. 
Tenant will not commit, suffer any act or neglect whereby the Premises or any improvements thereon or the estate of Landlord therein shall at any time during the term hereof become
subject to any attachment, judgment, lien, charge or encumbrance whatsoever, except as herein expressly provided, and will indemnify and hold Landlord harmless from and against all loss, costs and expenses, including reasonable attorneys’ fees,
with respect thereto. 
10. DEFAULT. 
10.1 In the event that during the term
hereof any of the following events shall occur 
(each of which shall be an “Event of Default”): 
(a) Tenant shall default in the payment of any installment of the Rent or any payment due on account of taxes for ten (10) days after the same shall become due, during which
ten-day period Tenant may cure the default; 
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 (b) Tenant or any permitted assignee of Tenant shall (i) apply for or consent to an appointment of a receiver, a trustee or liquidator
of it or of all or a substantial part of its assets; (ii) be unable or admit in writing its inability to pay its debts as they mature; (iii) make a general assignment for the benefit of creditors; (iv) be adjudicated a bankrupt or insolvent; (v)
file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors to take advantage of any insolvency law or an answer admitting the material allegations of a petition filed against it in any
bankruptcy, reorganization or insolvency proceeding or corporate action shall be taken by it for the purpose of effecting any of the foregoing; 
(c) An order,
judgment or decree shall be entered, without the application, approval or consent of Tenant or any permitted assignee of Tenant by any court of competent jurisdiction, approving a petition seeking reorganization of Tenant or such assignee or
appointing a receiver, trust or liquidator of Tenant or such assignee or of all or a substantial part of its assets and such order, judgment or decree shall continue unstayed and in effect for any period of thirty (30) consecutive days; or

(d) Any other default by Tenant in performing any of its other obligations hereunder shall continue uncorrected for ten (10) days after written notice thereof
from Landlord, during which period Tenant or such assignee may cure the default; 
then Landlord may, by giving written notice to Tenant, either (a) terminate this
Lease, (b) reenter the Premises by summary proceedings or otherwise, expelling Tenant and removing all of Tenant’s property therefrom, and relet the Premises and receive the rent therefrom, or (c) exercise any other remedies permitted by law;
but Tenant shall remain liable for the equivalent of the amount of all rent reserved herein, together with interest thereon at the rate of twelve percent (12%) per annum from the due date for payment thereof, less the avails of reletting, if any.
Tenant shall also be liable for the reasonable cost of obtaining possession of and reletting the Premises and of any repairs and alterations or other payments necessary to prepare them for reletting. Any and all such amounts shall be payable to
Landlord upon demand. 
10.2 Tenant hereby expressly waives, so far as permitted by law, the service of any notice of intention to reenter or notice to quit
provided for in any statute, or of the institution of legal 
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 proceedings to that end, and Tenant, for and on behalf of itself and all persons claiming through or under Tenant (including any
leasehold mortgagee or other creditor) also waives any and all right of redemption or reentry or repossession, or to restore the operation of this Lease in case Tenant shall be dispossessed by a judgment or by warrant of any court or judge, or in
cache of reentry or repossession, or in case of any termination of the Lease. Landlord and Tenant also, so far as permitted by law, waive and will waive any and all right to a trial by jury in the event that summary possession proceedings shall be
instituted by Landlord. 
10.3 In the event of any breach or threatened breach by Tenant of any of the covenants, agreements, terms or conditions contained in this
Lease, Landlord shall be entitled to enjoin such breach or threatened breach and shall have the right to invoke any right and remedy allowed at law or in equity, or by statute or otherwise, as though reentry, summary proceedings and other remedies
were not provided for in this Lease. 
10.4 Each right and remedy of Landlord provided for in this Lease shall be cumulative and shall be in addition to every other
right or remedy provided for in this Lease or now or hereafter existing, at law or in equity, or by statute or otherwise, and the exercise or beginning of the exercise by Landlord of any one or more of the rights or remedies provided for in this
Lease, or now or hereafter existing at law or in equity, or by statute or otherwise, shall not preclude the simultaneous or later exercise by Landlord of any or all other rights or remedies provided for in this Lease, or now or hereafter existing at
Jaw or in equity, or by statute or otherwise. 
11. INDEPENDENT COVENANTS-NO WAIVER. 
11.1 Each and every of the covenants and agreements contained in this Lease shall be for all purposes construed to be separate and independent covenants and the waiver of the
breach of any covenant contained herein by Landlord shall in no way or manner discharge or relieve Tenant from Tenant’s obligation to perform each and every one of the covenants contained herein. 
11.2 If any term or provision of this Lease or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this
Lease, or the application of such term or provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease shall be valid and shall be
enforced to the fullest extent permitted by law. 
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 11.3 The failure of Landlord to insist in any one or more cases upon the strict performance of any of the covenants of this Lease
shall not be construed as a waiver or a relinquishment for the future of such covenant. A receipt by Landlord of rent with knowledge of the breach of any covenant hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any
provision of this Lease shall be deemed to have been made unless expressed in writing and signed by Landlord. All remedies to which Landlord may resort under the terms of this Lease or by law provided shall be cumulative. 
12. SUBORDINATION. 
This Lease and the rights of Tenant hereunder are subject and subordinate
in all respects to all matters of record, including, without limitation, deeds and all mortgages which may now or hereafter be placed on or affect the Premises, or any part thereof, and/or Landlord’s interest or estate therein, and to each
advance made and/or hereafter to be made under any such mortgages, and to all renewals, modifications, consolidations, replacements and extensions thereof, and all substitutions therefor; provided, however, that before such subordination shall be
effective, Landlord shall cause the mortgagee, or other party in interest, as the case may be, to deliver to Tenant an assent to this Lease, in proper form for recording whereby such mortgagee or other party agrees that no foreclosure of such
mortgage or any action taken with respect thereto, by such mortgagee or any other person claiming by or through or under such mortgage (or other interest) shall disturb the possession of Tenant under this Lease so long as Tenant is not in default
hereunder, and that the validity and continuance of this Lease will be so recognized. Simultaneously with the delivery of such an agreement, Tenant agrees to execute and deliver an instrument in proper form for recording, wherein Tenant agrees to
and does subordinate this Lease to the liens of the mortgagees and others as above-mentioned, and to all renewals, modifications, consolidations and replacements and extensions of such mortgages thereunder, and to any persons claiming by, through or
under such mortgages or other such interest. 
13. PRIOR NEGOTIATIONS. 
This
Lease merges and supersedes all prior negotiations, representations and agreements and constitutes the entire contract between the parties hereto concerning the leasing of the Premises, the improvements thereon and the other matters provided
for herein. 
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 14. QUIET ENJOYMENT. 
Landlord covenants that
Tenant, upon paying the rent and performing the covenants hereof on the part of Tenant to be performed shall and may peaceably and quietly have, hold and enjoy the Premises and all related appurtenances, rights, privileges and easements throughout
the term hereof without any lawful hindrance by Landlord and any person claiming by, through or under 
it. 
15. RETURN OF PREMISES. 
At the expiration or other termination of the term hereof, Tenant will
remove from the Premises its property and that of all claiming under it and will peaceably yield up to Landlord the Premises in as good condition in all respects as the same were at the commencement of this Lease, except for ordinary wear and tear,
damage by the elements, by any exercise of the right of eminent domain or by public or other authority, or damage which Landlord is required herein to replace, restore or rebuild. 
16. CONSTRUCTION. 
The mention of the parties hereto by name or otherwise shall be construed as
including and referring to their respective successors and assigns as well as to the parties themselves whenever such construction is required or admitted by the provisions hereof; and all covenants, agreements, conditions, rights, powers and
privileges hereinbefore contained shall inure to the benefit of and be binding upon the successors and assigns of such parties, unless otherwise provided. 
17.
NOTICES. 
Whenever notice shall be given under this Lease, the same shall be in writing and shall be sent by certified or registered mail as follows: 
To the Landlord: 
FERREIRA REALTY, LLC 
71 Fall River Avenue 
Rehoboth, MA 02769 
To the Tenant: 
TPI, INC. 
373 Market Street 
Warren, RI 02885 
or to such other address or addresses as each party may from time to time designate by like notice to the other. 
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 IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in duplicate as of the day and year first above
written. 
FERREIRA REALTY, LLC 
By: 
John P. Ferreira, Member 
TPI, INC. 
By: Ed DaSilva, Vice-President 
COMMONWEALTH OF MASSACHUSETTS 
COUNTY OF BRISTOL 
In Rehoboth, in said County on the     day of March,
2015, before me personally appeared John P. Ferreira, Member of FERREIRA REALTY, LLC, proved to me through satisfactory evidence of identification, which was/were driver’s license(s), to be the party executing the foregoing
instrument for and on behalf of said corporation and he acknowledged said instrument, by him executed, to be his free act and deed, in his said capacity and the free act and deed of said corporation. 
NOTARY PUBLIC 
STATE OF RHODE ISLAND 
COUNTY OF BRISTOL 
In Warren, in said County on the      day of March,
2015, before me personally appeared                     , President of TPI, INC., proved to me through satisfactory evidence of identification, which
was/were driver’s license(s), to be the party executing the foregoing instrument for and on behalf of said corporation and he acknowledged said instrument, by him executed, to be his free act and deed, in his said capacity and the free act and
deed of said corporation. 
NOTARY PUBLIC 
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9 

 

 
 L E A S E 
THIS INDENTURE OF LEASE made as of the
1st day of March, 2015, by and between FERREIRA REALTY, LLC (hereinafter referred to as “Landlord”), and TPI, INC. (hereinafter refened to as “Tenant”). 
W I T N E S S E T H T H A T: 
In consideration of the rents, covenants and agreements to be
paid, kept and performed by Tenant, as hereinafter provided, Landlord hereby demises and leases to Tenant, and Tenant hereby hires and takes from Landlord the real property described as a vacant parcel of land being 42 feet wide by 144 feet
long and being a portion of Plat 1, Lot 4C; as shown on Exhibit “A” as the cross-hatched area. (the “Premises”.) 
TO HAVE AND TO HOLD the Premises, together with all rights, privileges, easements 
and
appurtenances thereunto belonging and attaching, unto Tenant for a term (hereinafter called the “Initial Term”) commencing as of March 1, 2015 and ending on February 28, 2016, which Initial Term may be extended as
provided herein. 
Tenant shall have the option to extend this Lease as a month to month tenant (“Renewal Term”). Such option may be exercised by
Tenant giving the Landlord written notice of its intention to extend this Lease at least three months prior to the expiration of the Initial Term. (The Initial Term plus any Renewal Term hereof are collectively referred to as the “term
hereof”.) It shall be a condition of the exercise of such option that at the time such option is exercised no Event of Default (as hereinafter defined) or event which with the giving of notice or passage of time, or both, would constitute an
Event of Default, shall have occurred and be continuing. During any Renewal Term either the Landlord or Tenant may terminate the lease by giving the other party at least three months notice of the termination date. 
This Lease is made upon the covenants and agreements herein set forth on the part of the respective parties, all of which the parties respectively agree to observe and comply
with during the term hereof. 
1. RENTAL. 
1.1 During the Initial Term
hereof Tenant shall pay to Landlord a minimum annual 
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 net rental (the “Rent”) of TWENTY-ONE THOUSAND SIX HUNDRED And No/100 ($21,600.00) DOLLARS, payable monthly in advance on or
before the first business day of each month during said term in equal installments of ONE THOUSAND EIGHT HUNDRED And No/100 ($1,800.00) DOLLARS. Tenant covenants and agrees with Landlord to pay said rent at the time and in the manner as aforesaid by
checks or drafts payable to Landlord at 71 FALL RIVER AVENUE, REHOBOTH, MA 02769, or at such other place as Landlord may direct Tenant. 
1.2 During any Renewal
Term hereof, the Rent for such period shall remain the same as the Initial Term. 
1.3 Tenant shall use the Premises solely for the storage of wind turbine blades or
other equipment. 
1.4 Tenant shall access the Premises through the driveway, and across the property of, J&J Materials. 
2. COMPLIANCE WITH LAWS AND REGULATIONS. 
Tenant will at all times during the term hereof
keep the Premises in good order and a strictly sanitary condition and observe and perform all laws, ordinances, orders, rules and regulations now or hereafter made by any governmental authority for the time being applicable to the Premises or any
improvement thereon or use thereof, and with the orders, rules and regulations of the National Board of Fire Underwriters or similar organization so far as the same may relate to the use of the Premises, and will indemnify Landlord against all
actions, suits, damages and claims by whomsoever brought or made by reason of the nonobservance or performance of such laws, ordinances, orders, rules and regulations, or of this covenant. 
3. INSPECTION. 
Tenant will permit Landlord and its agents at all reasonable times during the
term hereof to enter the Premises and examine the state of repair and condition thereof, and the use being made of the same. Landlord may also enter upon the Premises to perform any repairs or maintenance which Tenant has failed to perform
hereunder, and to show the premises to prospective purchasers, tenants and mortgagees. 
4. WASTE AND UNLAWFUL USE. 
Tenant will not make waste or any unlawful, improper or offensive use of the

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 Premises. 
5. ASSIGNMENT AND SUBLETTING.

Tenant may assign or sublet all or any portion of the Premises, or otherwise transfer any interest therein; so long as the Tenant’s use of the property
remains the same. 
6. INSURANCE. 
6.1 Landlord will, at its own cost and
expense at all times during the term hereof, insure and keep insured the buildings and structures included in the Premises, but not the contents or other property of Tenant in the Premises, in such manner and amounts as Landlord
deems appropriate. 
6.2 Tenant will, at its own cost and expense, effect and maintain during the term hereof, a policy or policies of
comprehensive general liability insurance, or its equivalent, with minimum limits of not less than $100,000 for injury to one or more persons in any one occurrence, and also insurance in the sum of not less than $300,000 against claims for
property damage in any one accident, such policy or policies to name Landlord as additional assured, to require the insurer to give Landlord at least ten days’ written notice of its intention to cancel, terminate or amend the insurance
policy or policies in any material respect, and to cover the entire Premises. 
7. LANDLORD’S COSTSAND EXPENSES. 
If Tenant shall fail to comply with any of its obligations hereunder, Landlord may, upon ten (10) days’ prior written notice to Tenant (or without notice in case of
emergency), take such action as may be required to cure any such default by Tenant. Tenant will pay to Landlord, on demand, all
costs and expenses, including reasonable attorneys’ fees, incurred by Landlord in enforcing any of the covenants herein contained, in remedying any breach by Tenant of its covenants, in recovering
possession of the Premises, in collecting any delinquent rents, taxes or other charges payable by Tenant hereunder, or in connection with any litigation commenced by or against Tenant (other than condemnation proceedings) to which
Landlord, without any fault on its part, shall be made a party. Any such amounts owing either to Landlord or to Tenant shall bear interest at the rate often percent (10%) per annum from and after the date paid or incurred by Landlord or
Tenant, as the case may be. All such amounts owing to Landlord shall constitute additional rent hereunder. 
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 8. INDEMNIFICATION OF LANDLORD. 
8.1 Tenant
shall indemnify and save harmless Landlord (regardless of Tenant’s covenant to insure) against and from any and all claims by or on behalf of any person or persons, firm or firms, corporation or corporations, arising from the use, occupancy,
conduct or management of or from any work or thing whatsoever done in or about the Premises, unless done by Landlord, any of its agents, contractors, servants, employees or licensees, and shall further indemnify and save Landlord harmless against
and from any and all claims arising during the term hereof from any condition of the Premises, or arising from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed pursuant
to the terms of this Lease, or arising from any act of Tenant or any of its agents, contractors, servants, employees or licensees, to any person, firm or corporation occurring during the term hereof in or about the Premises or upon or under said
areas, and from and against all costs, counsel fees, expenses or liabilities incurred in or about any such claim or action or proceeding brought thereon.

8.2 Tenant shall pay and indemnify Landlord against all legal costs and charges, including reasonable counsel fees, incurred in obtaining possession of the
Premises after the default of Tenant or upon expiration or earlier termination of the term hereof, other than by reason of any default of Landlord, or in enforcing any covenant or agreement of Tenant herein contained. 
9. LIENS. 
Tenant will not commit, suffer any act or neglect whereby the Premises or any
improvements thereon or the estate of Landlord therein shall at any time during the term hereof become subject to any attachment, judgment, lien, charge or encumbrance whatsoever, except as herein expressly provided, and will indemnify and hold
Landlord harmless from and against all loss, costs and expenses, including reasonable attorneys’ fees, with respect thereto. 
10. DEFAULT. 
10.1 In the event that during the term hereof any of the following events shall occur (each of which shall be an “Event of Default”): 
(a) Tenant shall default in the payment of any installment of the Rent or any payment due on account of taxes for ten (10) days after the same shall become due, during which
ten-day period Tenant may cure the default; 
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 (b) Tenant or any permitted assignee of Tenant shall (i) apply for or consent to an appointment of a receiver, a trustee or
liquidator of it or of all or a substantial part of its assets; (ii) be unable or admit in writing its inability to pay its debts as they mature; (iii) make a general assignment for the benefit of creditors; (iv) be adjudicated a
bankrupt or insolvent; (v) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors to take advantage of any insolvency law or an answer admitting the
material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding or corporate action shall be taken by it for the purpose of effecting any of the foregoing; 
(c) An order, judgment or decree shall be entered, without the application, approval or consent of Tenant or any permitted assignee of Tenant by any court of competent
jurisdiction, approving a petition seeking reorganization of Tenant or such assignee or appointing a receiver, trust or liquidator of Tenant or such assignee or of all or a substantial part of its assets and such order, judgment or decree shall
continue unstayed and in effect for any period of thirty (30) consecutive days; or 
(d) Any other default by Tenant in performing any of its other obligations
hereunder shall continue uncorrected for ten (10) days after written notice thereof from Landlord, during which period Tenant or such assignee may cure the default; 
then Landlord may, by giving written notice to Tenant, either (a) terminate this Lease, (b) reenter the Premises by summary proceedings or
otherwise, expelling Tenant and removing all of Tenant’s property therefrom, and relet the Premises and receive the rent therefrom, or (c) exercise any other remedies permitted by law; but Tenant shall remain liable for the
equivalent of the amount of all rent reserved herein, together with interest thereon at the rate of twelve percent (12%) per annum from the due date for payment thereof, less the avails of reletting, if any. Tenant shall also be liable for the
reasonable cost of obtaining possession of and reletting the Premises and of any repairs and alterations or other payments necessary to prepare them for reletting. Any and all such amounts shall be payable to Landlord upon
demand. 
10.2 Tenant hereby expressly waives, so far as permitted by law, the service of any notice of intention to reenter or notice to quit provided for
in any statute, or of the institution of legal 
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 proceedings to that end, and Tenant, for and on behalf of itself and all persons claiming through or under Tenant (including any
leasehold mortgagee or other creditor) also waives any and all right of redemption or reentry or repossession, or to restore the operation of this Lease in case Tenant shall be dispossessed by a judgment or by warrant of any court or judge, or in
case of reentry or repossession, or in case of any termination of the Lease. Landlord and Tenant also, so far as permitted by law, waive and will waive any and all right to a trial by jury in the event that summary possession proceedings
shall be instituted by Landlord. 
10.3 In the event of any breach or threatened breach by Tenant of any of the covenants, agreements, terms or conditions contained
in this Lease, Landlord shall be entitled to enjoin such breach or threatened breach and shall have the right to invoke any right and remedy allowed at law or in equity, or by statute or otherwise, as though reentry, summary proceedings and other
remedies were not provided for in this Lease. 
10.4 Each right and remedy of Landlord provided for in this Lease shall be cumulative and shall be in addition to
every other right or remedy provided for in this Lease or now or hereafter existing, at law or in equity, or by statute or otherwise, and the exercise or beginning of the exercise by Landlord of any one or more of the rights or remedies provided for
in this Lease, or now or hereafter existing at law or in equity, or by statute or otherwise, shall not preclude the simultaneous or later exercise by Landlord of any or all other rights or remedies provided for in this Lease, or now or hereafter
existing at law or in equity, or by statute or otherwise. 
11. INDEPENDENT COVENANTS--NO WAIVER. 
11.1 Each and every of the covenants and agreements contained in this Lease shall be for all purposes construed to be separate and independent covenants and the waiver of the
breach of any covenant contained herein by Landlord shall in no way or manner discharge or relieve Tenant from Tenant’s obligation to perform each and every one of the covenants contained herein. 
11.2 If any term or provision of this Lease or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this Lease,
or the application of such term or provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease shall be valid and shall be enforced to
the fullest extent permitted by law. 
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 11.3 The failure of Landlord to insist in any one or more cases upon the strict performance of any of the covenants of this Lease shall
not be construed as a waiver or a relinquishment for the future of such covenant. A receipt by Landlord of rent with knowledge of the breach of any covenant hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any
provision of this Lease shall be deemed to have been made unless expressed in writing and signed by Landlord. All remedies to which Landlord may resort under the terms of this Lease or by law provided shall be cumulative. 
12. SUBORDINATION. 
This Lease and the rights of Tenant hereunder are subject and subordinate
in all respects to all matters of record, including, without limitation, deeds and all mortgages which may now or hereafter be placed on or affect the Premises, or any part thereof, and/or Landlord’s interest or estate therein, and to each
advance made and/or hereafter to be made under any such mortgages, and to all renewals, modifications, consolidations, replacements and extensions thereof, and all substitutions therefor; provided, however, that before such subordination shall be
effective, Landlord shall cause the mortgagee, or other party in interest, as the case may be, to deliver to Tenant an assent to this Lease, in proper form for recording whereby such mortgagee or other party agrees that no foreclosure of such
mortgage or any action taken with respect thereto, by such mortgagee or any other person claiming by or through or under such mortgage (or other interest) shall disturb the possession of Tenant under this Lease so long as Tenant is not in default
hereunder, and that the validity and continuance of this Lease will be so recognized. Simultaneously with the delivery of such an agreement, Tenant agrees to execute and deliver an instrument in proper form for recording, wherein Tenant agrees to
and does subordinate this Lease to the liens of the mortgagees and others as above-mentioned, and to all renewals, modifications, consolidations and replacements and extensions of such mortgages thereunder, and to any persons claiming by,
through or under such mortgages or other such interest. 
13. PRIOR NEGOTIATIONS.

This Lease merges and supersedes all prior negotiations, representations and agreements and constitutes the entire contract between the parties hereto concerning
the leasing of the Premises, the improvements thereon and the other matters provided for herein. 
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 14. QUIET ENJOYMENT. 
Landlord covenants that
Tenant, upon paying the rent and performing the covenants hereof on the part of Tenant to be performed shall and may peaceably and quietly have, hold and enjoy the Premises and all related appurtenances, rights, privileges and easements throughout
the term hereof without any lawful hindrance by Landlord and any person claiming by, through or under it. 
15. RETURN OF PREMISES. 
At the expiration or other termination of the term hereof, Tenant will remove from the Premises its property and that of all claiming under it and will peaceably yield up to
Landlord the Premises in as good condition in all respects as the same were at the commencement of this Lease, except for ordinary wear and tear, damage by the elements, by any exercise of the right of eminent domain or by public or other authority,
or damage which Landlord is required herein to replace, restore or rebuild. 
16. CONSTRUCTION. 
The mention of the parties hereto by name or otherwise shall be construed as including and referring to their respective successors and assigns as well as to the parties themselves
whenever such construction is required or admitted by the provisions hereof; and all covenants, agreements, conditions, rights, powers and privileges hereinbefore contained shall inure to the benefit of and be binding upon the successors and assigns
of such parties, unless otherwise provided. 
17. NOTICES. 
Whenever notice
shall be given under this Lease, the same shall be in writing and shall be sent by certified or registered mail as follows: 
To the Landlord: 
FERREIRA REALTY, LLC 
71 Fall River Avenue 
Rehoboth, MA 02769 
To the Tenant: 
TPI, INC. 
373 Market Street 
Warren, RI 02885 
or to such other address or addresses as each party may from time to time
designate by like notice to the other. 
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 IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in duplicate as of the day and year first above
written. 
FERREIRA REALTY, LLC 
By: 
John P. Ferreira, Member 
TPI, INC. 
By: 
Ed DaSilva, Vice-President 
COMMONWEALTH OF MASSACHUSETTS COUNTY OF BRISTOL 
In Rehoboth, in said County on the 13th day of
March, 2015, before me personally appeared John P. Ferreira, Member of FERREIRA REALTY, LLC, proved to me through satisfactory evidence of identification, which was/were driver’s license(s), to be the party executing the
foregoing instrument for and on behalf of said corporation and he acknowledged said instrument, by him executed, to be his free act and deed, in his said capacity and the free act and deed of said corporation. 
NOTARY PUBLIC 
STATE OF RHODE ISLAND COUNTY OF BRISTOL 
DEREK D GRACIA 
Notary Public 
COMMONWEALTH OF MASSACHUSETTS 
My Commission Expires 
August 24, 2018 
In Warren, in said County on the 11th day of March, 2015, before me personally
appeared Ed DaSilva, President of TPI, INC., proved to me through satisfactory evidence of identification, which was/were driver’s license(s), to be the party executing the foregoing instrument for and on behalf of said corporation and he
acknowledge said instrument, by him executed, to be his free act and deed, in his said capacity and the free act and deed of said corporation. 
VICKIE LIPPOLIS

Notary Public 
State of Rhode Island 
Notary ID # 753611 
My Commission Expires Dec 29, 2015 
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