Document:

bwen_Ex_10-37

		
			EXHIBIT 10.37
		

		
			BROADWIND ENERGY, INC.
		

		
			2015 EQUITY INCENTIVE PLAN
		

		
			RESTRICTED STOCK UNIT AWARD NOTICE
		

		
			[[FIRSTNAME]] [[LASTNAME]]
		

		
			You have been awarded a restricted stock unit award with respect to shares of common stock of Broadwind Energy, Inc., a Delaware corporation (the “Company”),  pursuant to the terms and conditions of the Broadwind Energy, Inc. 2015 Equity Incentive Plan (the “Plan”) and the Restricted Stock Unit Award Agreement attached hereto (together with this Award Notice, the “Agreement”).  Capitalized terms not defined herein shall have the meanings specified in the Plan or the Agreement, as applicable.
		

		
			Restricted Stock Units:   You have been awarded a restricted stock unit award with respect to [[SHARESGRANTED]] shares of Common Stock, par value $0.001 per share, subject to adjustment as provided in the Plan (the “Award”).
		

		
			Grant Date:       [[GRANTDATE]] (“Grant Date”).
		

		
			Vesting Schedule:           The Award shall vest in one-third increments on each of the first, second and third anniversaries of the Grant Date, upon and subject to the terms and conditions set forth in the Agreement.  
		

		
			               BROADWIND ENERGY, INC.
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						By:/s/ STEPHANIE K. KUSHNER

				
	
					
						 

					
					
						Name: Stephanie K. Kushner

				
	
					
						 

					
					
						Title:   Executive Vice President &

					
						            Chief Financial Officer

				

		
			 
		

		
			Acknowledgment, Acceptance and Agreement:
		

		
			By electronically accepting this Award Notice, I hereby acknowledge receipt of the Agreement and the Plan, accept the Award granted to me and agree to be bound by the terms and conditions of this Award Notice, the Agreement and the Plan.
		

		
			
		

		
			

		 

 

BROADWIND ENERGY, INC.
		

		
			2015 EQUITY INCENTIVE PLAN
		

		
			RESTRICTED STOCK UNIT AWARD AGREEMENT
		

		
			Broadwind Energy, Inc., a Delaware corporation (the “Company”), hereby grants to the individual (the “Holder”) named in the award notice attached hereto (the “Award Notice”) as of the date set forth in the Award Notice (the “Grant Date”), pursuant to the terms and conditions of the Broadwind Energy, Inc. 2015 Equity Incentive Plan (the “Plan”), a restricted stock unit award (the “Award”) with respect to the number of shares of the Company’s Common Stock, par value $0.001 per share (“Stock”), set forth in the Award Notice, upon and subject to the restrictions, terms and conditions set forth in the Award Notice, the Plan and this agreement (the “Agreement”).  
		

		
			1.Award Subject to Acceptance of Agreement.  The Award shall be null and void unless the Holder electronically accepts the Award Notice and this Agreement within the Holder’s stock plan account with the Company’s stock plan administrator according to the procedures then in effect.  
		

		
			2.Rights as a Stockholder.   The Holder shall not be entitled to any privileges of ownership with respect to the shares of Stock subject to the Award unless and until, and only to the extent, such shares become vested pursuant to Article 3 and the Holder becomes a stockholder of record with respect to such shares.
		

		
			3.Restriction Period and Vesting.
		

		
			3.1.Service-Based Vesting Condition.  The Award shall vest in accordance with the vesting schedule set forth in the Award Notice, provided the Holder remains continuously employed by the Company through the applicable vesting date.  The period of time prior to the vesting shall be referred to herein as the “Restriction Period.”
		

		
			3.2.Termination of Employment.  If the Holder’s employment with the Company terminates prior to the end of the Restriction Period for any reason then the portion of the Award that was not vested immediately prior to such termination of employment shall be immediately forfeited by the Holder and cancelled by the Company.
		

		
			4.Settlement of Award.  Subject to Article 6, as soon as practicable (but not later than 30 days) after the vesting of the Award, in whole or part, the Company shall issue or transfer to the Holder (or such other person as is acceptable to the Company and designated in writing by the Holder) the number of shares of Stock underlying the vested portion of the Award.  The Company may effect such issuance or transfer either by the delivery of one or more stock certificates to the Holder or by making an appropriate entry on the books of the Company or the transfer agent of the Company.  The Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery or issuance.  Prior to the issuance or transfer to the Holder of the shares of Stock subject to the Award, the Holder shall have no direct or secured claim in any specific assets of the Company or in such shares of Stock, and will have the status of a general unsecured creditor of the Company.
		

		
			5.Transfer Restrictions and Investment Representation.  
		

		
			5.1.Nontransferability of Award.  The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company.  Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process.  Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.
		

		
			5.2.Investment Representation.  The Holder hereby represents and covenants that (a) any share of Stock acquired upon the vesting of the Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under 

		 

 

the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of vesting of the Award with respect to any shares of Stock hereunder or (y) is true and correct as of the date of any sale of any such share, as applicable.  As a further condition precedent to the issuance or transfer to the Holder of any shares of Stock subject to the Award, the Holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or transfer of the shares and, in connection therewith, shall execute any documents which the Board shall in its sole discretion deem necessary or advisable.
		

		
			6.Additional Terms and Conditions of Award.
		

		
			6.1.Withholding Taxes.    
		

		
			(a)As a condition precedent to the issuance or transfer of any shares of Stock upon the vesting of the Award, the Holder shall, upon request by the Company, pay to the Company such amount as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes (the “Required Tax Payments”) with respect to the issuance or transfer of such shares of Stock.  If the Holder shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Holder.
		

		
			(b)The Holder may elect to satisfy his or her obligation to advance the Required Tax Payments by any of the following means:  (1) a check or cash payment to the Company, (2) delivery to the Company (either actual delivery or by attestation procedures established by the Company) of previously owned whole shares of Stock having an aggregate Fair Market Value, determined as of the date on which such withholding obligation arises (the “Tax Date”), equal to the Required Tax Payments, (3) authorizing the Company to withhold whole shares of Stock which would otherwise be issued or transferred to the Holder having an aggregate Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments or (4) any combination of (1), (2) and (3).  Shares of Stock to be delivered to the Company or withheld may not have a Fair Market Value in excess of the minimum amount of the Required Tax Payments.  Any fraction of a share of Stock which would be required to satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash by the Holder.  No certificate representing a share of Stock shall be delivered until the Required Tax Payments have been satisfied in full.
		

		
			6.2.Adjustment.  In the event of any equity restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation—Stock Compensation) that causes the per share value of shares of Stock to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the number and class of securities subject to the Award shall be equitably adjusted by the Committee.  In the event of any other change in corporate capitalization, including a merger, consolidation, reorganization, or partial or complete liquidation of the Company, such equitable adjustments described in the foregoing sentence may be made as determined to be appropriate and equitable by the Committee (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) to prevent dilution or enlargement of rights of participants.  If any adjustment would result in a fractional security being subject to the Award, the Company shall pay the Holder in connection with the first settlement, in whole or part, occurring after such adjustment, an amount in cash determined by multiplying (i) such fraction (rounded to the nearest hundredth) by (ii) the Fair Market Value of such security on the settlement date as determined by the Committee.  The decision of the Committee regarding any such adjustment and the Fair Market Value of any fractional security shall be final, binding and conclusive.
		

		
			6.3.Compliance with Applicable Law.  The Award is subject to the condition that if the listing, registration or qualification of the shares of Stock subject to the Award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the issuance or transfer of shares of Stock hereunder, the shares of Stock subject to the Award shall not be issued or transferred, in whole or in part, unless 

		 

 

such listing, registration, qualification, consent, approval or other action shall have been effected or obtained, free of any conditions not acceptable to the Company.  The Company agrees to use reasonable efforts to effect or obtain any such listing, registration, qualification, consent, approval or other action.
		

		
			6.4.Restrictive Covenants.
		

		
			(a)During the period beginning on the Grant Date and ending on the date which is one year following the termination of the Holder’s employment with, or service to, the Company, the Holder shall not, except with the express prior written consent of the Company:  (i) directly or indirectly, either for the Holder or on behalf of any of the Company’s competitors (“Competitors”): (1) induce or attempt to induce any employee, independent contractor or consultant of the Company to leave the employ of, or terminate its engagement with, the Company; or (2) in any way interfere with the relationship between the Company and any employee, independent contractor or consultant of the Company; or (ii) directly or indirectly, either for the Holder or on behalf of any of the Competitors, solicit the business of any person or entity known to the Holder to be a customer of the Company, where the Holder, or any person reporting to the Holder, had an ongoing business relationship or had made substantial efforts with respect to such customer during the Holder’s employment with, or service to, the Company.
		

		
			(b)The Holder, by accepting the Award, agrees that the foregoing covenants are reasonable with respect to their duration and scope.  The Holder further acknowledges that the restrictions are reasonable and necessary for the protection of the legitimate business interests of the Company, that they create no undue hardships, that any violation of these restrictions would cause substantial injury to the Company, and that such restrictions were a material inducement to the Company to grant the Award.  In the event of any violation or threatened violation of these restrictions, (i) the Holder shall forfeit all restricted stock units subject to the Award which have not vested, (ii) the Award shall terminate as of the date of the violation or threatened violation of these restrictions and (iii)  any and all Award Proceeds (as hereinafter defined) shall be immediately due and payable by the Holder to the Company. For purposes of this Section, “Award Proceeds” shall mean, with respect to any portion of the Award which becomes vested, the Fair Market Value of a share of Common Stock on the date such portion of the Award became vested, multiplied by the number of shares of Common Stock that became vested. The remedy provided by this Section shall be in addition to and not in lieu of any rights or remedies which the Company may have against the Holder in respect of a breach by the Holder of any duty or obligation to the Company.   The Holder agrees that by accepting the Award the Holder authorizes the Company and its affiliates to deduct any amount or amounts owed by the Holder pursuant to this Section 6.4 from any amounts payable by or on behalf of the Company or any affiliate to the Holder, including, without limitation, any amount payable to the Holder as salary, wages, vacation pay, bonus or the vesting or settlement of any stock-based award, in each case, subject to applicable law. This right of setoff shall not be an exclusive remedy and the Company’s or an affiliate’s election not to exercise this right of setoff with respect to any amount payable to the Holder shall not constitute a waiver of this right of setoff with respect to any other amount payable to the Holder or any other remedy.
		

		
			6.5.Award Confers No Rights to Continued Employment.  In no event shall the granting of the Award or its acceptance by the Holder, or any provision of this Agreement, give or be deemed to give the Holder any right to continued employment by the Company or prevent or be deemed to prevent the Company from terminating the Holder’s employment at any time, with or without Cause.
		

		
			6.6.Interpretation.  Any dispute regarding the interpretation of this Agreement shall be submitted by the Holder or by the Company forthwith to the Committee for review.  The resolution of such a dispute by the Committee shall be final and binding on all parties.
		

		
			6.7.Successors and Assigns.  The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company.  Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon the Holder and his or her heirs, executors, administrators, successors and assigns.
		

		
			

		 

 

6.8.Notices.  All notices, requests or other communications provided for in this Agreement shall be made, if to the Company, to Broadwind Energy, Inc., Attn: Legal Department, 3240 S. Central Avenue, Cicero, Illinois 60804, and if to the Holder, to the last known mailing address of the Holder contained in the records of the Company.  All notices, requests or other communications provided for in this Agreement shall be made in writing either (a) by personal delivery, (b) by facsimile or electronic mail with confirmation of receipt, (c) by mailing in the United States mails or (d) by express courier service.  The notice, request or other communication shall be deemed to be received upon personal delivery, upon confirmation of receipt of facsimile or electronic mail transmission or upon receipt by the party entitled thereto if by United States mail or express courier service; provided, however, that if a notice, request or other communication sent to the Company is not received during regular business hours, it shall be deemed to be received on the next succeeding business day of the Company.
		

		
			6.9.Governing Law.  This Agreement, the Award and all determinations made and actions taken pursuant hereto and thereto, to the extent not governed by the laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving effect to principles of conflicts of laws.
		

		
			6.10.Entire Agreement.  The Award Notice and the Plan are incorporated herein by reference.  Capitalized terms not defined herein shall have the meanings specified in the Plan.  This Agreement, the Award Notice and the Plan constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Holder with respect to the subject matter hereof, and may not be modified if such modification is materially adverse to the Holder’s interest except by means of a writing signed by the Company and the Holder.
		

		
			6.11.Partial Invalidity.  The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof and this Agreement shall be construed in all respects as if such invalid or unenforceable provision was omitted.
		

		
			6.12.Amendment and Waiver.  The provisions of this Agreement may be amended or waived only by the written agreement of the Company and the Holder, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.bwen_EX_10-49

		
			Exhibit 10.49
		

		
			NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND WAIVER
		

		
			This NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND WAIVER (this “Amendment”) is entered into as of February 23, 2016, among BROADWIND ENERGY, INC., a Delaware corporation (“Parent”), BRAD FOOTE GEAR WORKS, INC., an Illinois corporation (“Brad Foote”), BROADWIND SERVICES, LLC, a Delaware limited liability company (“Broadwind Services”), BROADWIND TOWERS, INC., a Wisconsin corporation (“Broadwind Towers” and, together with Parent, Brad Foote and Broadwind Services, each a “Borrower” and collectively the “Borrowers”), 1309 South Cicero Avenue, LLC, a Delaware limited liability company (“South Cicero”), 5100 Neville Road, LLC, a Delaware limited liability company (“Neville” and, together with South Cicero, each a “Guarantor” and collectively the “Guarantors”), and ALOSTAR BANK OF COMMERCE, a state banking institution incorporated or otherwise organized under the laws of the State of Alabama (the “Lender”).
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, the Borrowers and the Lender are parties to that certain Loan and Security Agreement dated August 23, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Loan Agreement), pursuant to which the Lender has agreed to make the Commitments available to the Borrowers from time to time pursuant to the terms and conditions thereof;
		

		
			WHEREAS, the Borrowers have requested that the Lender (a) waive for the nine consecutive calendar month period ending December 31, 2015, the requirement that the Borrowers achieve EBITDA of $2,400,000 (the “December 2015 Covenant”)  and  (b) agree to amend certain terms and conditions of the Loan Agreement; and 
		

		
			WHEREAS, subject to the satisfaction of the conditions set forth herein, the Lender is willing to (a) waive the December 2015 Covenant and (b) amend the Loan Agreement as set forth herein.
		

		
			NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
		

		
			1.Amendments to the Loan Agreement.  Subject to the satisfaction of the conditions to effectiveness set forth in Section 4 hereof, the Loan Agreement is hereby amended as follows:
		

		
			1.1.Section 1.1 (Defined Terms) of the Loan Agreement is hereby amended by replacing the defined term “Inventory Formula Amount” with the following:
		

		
			““Inventory Formula Amount”  means, on any date of determination thereof, the lesser of (a) an amount equal to the percentage set forth in Item 6(b) of the Terms Schedule of the Value or NOLV (as applicable under Item 6 of the Terms Schedule) of Eligible Inventory on such date and (b) the Accounts Formula Amount on such date.”
		

		
			1.2.Item 3 (Additional Specified Availability Reserves) of the Terms Schedule is hereby amended and restated in its entirety as follows:
		

		
			“Additional Specified Availability Reserves:  
		

		
			Dilution Reserve
		

		
			At the sole discretion of Lender, a reserve in an amount equal to the outstanding principal amount of the Term Loan”
		

		
			1.3.Item 7 (Maximum Revolver Facility Amount) of the Terms Schedule is hereby amended by replacing the amount “$15,000,000” with the amount “$10,000,000”.
		

		
			

		 

		

			1

		

 

1.4.Clause  (a) of Item 8 (Interest Rates) of the Terms Schedule is hereby amended and restated in its entirety as follows:  
		

		
			“(a) The Applicable Variable Rate shall be the Daily LIBOR Rate in effect from time to time. 
		

		
			“Daily LIBOR Rate” means, on any day, the greater of (a) the LIBOR Rate as shown in The Wall Street Journal on such day for United States dollar deposits for the one monthly delivery of funds in amounts approximately equal to the principal amount of the Loan for which such rate is being determined or, if such day is not a Business Day, on the immediately preceding Business Day, and (b) 1.00%. If The Wall Street Journal for any reason ceases to publish a LIBOR Rate, then the Daily LIBOR Rate shall be as published from time to time in any other publication or reference source designated by Lender in its discretion. The Daily LIBOR Rate is a reference rate and does not necessarily represent the best or lowest rate charged by Lender.
		

		
			1.5.Item 12 (Term) of the Terms Schedule is hereby amended by replacing the date “August 31, 2016” with the date “February 28, 2017”. 
		

		
			1.6.Clause (a) of Item 16 (Financial Covenants) of the Terms Schedule is hereby amended and restated in its entirety as follows:
		

		
			“(a)Fixed Charge Coverage Ratio.  At the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2016, Parent shall have a Fixed Charge Coverage Ratio of not less than 1.2 to 1.0 for (i) the six consecutive calendar month period ending June 30, 2016, (ii) the nine consecutive calendar month period ending September 30, 2016 and (iii) the twelve consecutive calendar month period ending December 31, 2016 and the twelve consecutive calendar month period ending each fiscal quarter end thereafter.”
		

		
			1.7.Clause (b) of Item 16 (Financial Covenants) of the Terms Schedule is hereby amended and restated in its entirety as follows:
		

		
			“(b)Minimum Monthly EBITDA. Parent shall achieve EBITDA of at least (i) $900,000 during the three consecutive calendar month period ending March 31, 2016, (ii) $3,375,000 during the six consecutive calendar month period ending June 30, 2016, (iii) $6,100,000 during the nine consecutive calendar month period ending  September 30, 2016 and (iv) $6,700,000 during the twelve consecutive month period ending December 31, 2016 and during each subsequent twelve consecutive calendar month period ending each fiscal quarter end thereafter.” 
		

		
			1.8.Clause (c) of Item 16 (Financial Covenants) of the Terms Schedule is hereby amended and restated in its entirety as follows:
		

		
			“(c)Capital Expenditures.  Parent and its Subsidiaries shall not during any Fiscal Year make Capital Expenditures in an amount exceeding $5,000,000.”
		

		
			1.9.Item 16 (Financial Covenants) of the Terms Schedule is hereby further amended by adding the following new clause (d) at the end thereof: 
		

		
			“(d) Minimum Liquidity. Parent and its Subsidiaries shall have Availability plus cash maintained in Deposit Accounts that are subject to a Deposit Account Control Agreement greater than or equal to $3,500,000 at all times.”
		

		
			2.Waiver.  Subject to the satisfaction of the conditions to effectiveness set forth in Section 4 hereof, notwithstanding anything to the contrary contained in the Loan Agreement or the other Loan Documents, the Lender hereby waives the December 2015 Covenant and such waiver shall be deemed effective as of December 31, 2015.
		

		
			3.No Other Amendments.  Except as set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Lender under the Loan Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of the Loan Agreement or 

		 

		

			2

		

 

any of the other Loan Documents.  Except for the amendments set forth above, the text of the Loan Agreement and all other Loan Documents shall remain unchanged and in full force and effect and each Borrower and each Guarantor hereby ratifies and confirms its obligations thereunder.  This Amendment shall not constitute a modification of the Loan Agreement or any of the other Loan Documents or a course of dealing with the Lender at variance with the Loan Agreement or the other Loan Documents such as to require further notice by the Lender to require strict compliance with the terms of the Loan Agreement and the other Loan Documents in the future, except as expressly set forth herein.  Each Borrower and each Guarantor acknowledges and expressly agrees that the Lender reserves the right to, and does in fact, require strict compliance with all terms and provisions of the Loan Agreement and the other Loan Documents, as amended herein.  No Borrower or Guarantor has knowledge of any challenge to the Lender’s claims arising under the Loan Documents, or to the effectiveness of the Loan Documents.
		

		
			4.Conditions Precedent to Effectiveness.  The Amendment shall be effective as of the date first written above upon the satisfaction of each of the following conditions precedent in a manner acceptable to the Lender in its sole and absolute discretion:
		

		
			4.1.the Lender shall have received this Amendment, duly executed by each Borrower and each Guarantor, and the same shall be in full force and effect; 
		

		
			4.2.the Lender shall have received an amendment fee equal to $100,000; and
		

		
			4.3.after giving effect to the waiver set forth herein, no Default or Event of Default shall exist under the Loan Agreement or the other Loan Documents.
		

		
			5.Conditions Subsequent.  The obligation of the Lender to make Loans is subject to the Lender’s receipt, on or before March 31, 2016, of an updated Inventory appraisal, which such appraisal shall be reasonably satisfactory to the Lender. The failure by the Borrowers to satisfy such condition shall constitute an Event of Default.
		

		
			6.Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement.  In proving this Amendment in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by electronic mail transmission shall be deemed an original signature hereto.
		

		
			7.Reference to and Effect on the Loan Documents.  Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the Loan Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to “the Loan Agreement”, “thereunder”, “thereof” or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as amended hereby.
		

		
			8.Entire Agreement.  This Amendment and the other Loan Documents constitute the entire agreement and understanding between the parties hereto with respect to the transactions contemplated hereby and thereby and supersede all prior negotiations, understandings and agreements between such parties with respect to such transactions.
		

		
			9.GOVERNING LAW.  THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK.
		

		
			10.Loan Document.  This Amendment shall be deemed to be a Loan Document for all purposes.
		

		
			[remainder of page intentionally left blank]
		

		
			

		 

		

			3

		

 

 
		

		
			IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the day and year first written above.
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						BORROWERS:

					
					
						 

					
					
						BROADWIND ENERGY, INC. 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Interim President and CEO

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						BRAD FOOTE GEAR WORKS, INC.

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						BROADWIND SERVICES, LLC

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						BROADWIND TOWERS, INC.

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						GUARANTORS:

					
					
						 

					
					
						1309 SOUTH CICERO AVENUE, LLC 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						5100 NEVILLE ROAD, LLC

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Stephanie K. Kushner

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				

		
			
		

		

		 

		

			4

		

 

	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						LENDER:

					
					
						 

					
					
						ALOSTAR BANK OF COMMERCE 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Megan E. Enlow

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Megan E. Enlow

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		
			 
		

		 

		

			5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]