Document:

Guaranty

 Exhibit 10.41 
 GUARANTY 
 Guarantor: Global Energy, Inc. 
 Grantor: Lima Energy Company 
 To: Ohio National Financial Services, Inc. 
 One Financial Way 
 Cincinnati, OH 45242 
 This Guaranty (“Guaranty”) is executed and delivered as of the date set forth below by the undersigned guarantor, Global Energy, Inc
(“Guarantor” or Corporation”) in favor of Ohio National Financial Services, Inc. (“Secured Party”). Secured Party may, from time to time, enter into agreements with or extend financial
accommodations to Lima Energy Company (“Grantor”). Secured Party is unwilling to enter into such agreements with or extend financial accommodations to Grantor, unless Guarantor absolutely and unconditionally guarantees
to Secured Party the payment and performance of all obligations of Grantor at any time owing to Secured Party. With knowledge that Secured Party will enter into agreements with or extend financial accommodations to Grantor in reliance upon the
existence of this Guaranty and the validity and enforceability of the obligations and liabilities of Guarantor to Secured Party contemplated hereby, Guarantor agrees with Secured Party as follows: 
 I. Guaranty 
 1.1 Guarantor guarantees to
Secured Party the prompt payment and/or performance of all indebtedness, obligations and liabilities of Grantor at any time owing to Secured Party, whether direct or indirect, matured or unmatured, primary or secondary, certain or contingent, or
acquired by or otherwise created in favor of Secured Party arising under or in connection with that certain Promissory Note in the original principal amount of $2,000,000 (“Note”) the Security Agreement, and Pledge Agreement each dated of
even date herewith (“Secured Obligations”). This Guaranty is a guaranty of payment and not a guaranty of collection. Guarantor guarantees to Secured Party the punctual and faithful performance by Grantor of each
and every Secured Obligation, including but not limited to the right to convert debt into common stock of the Guarantor as provided in the Note, all without offset or deduction for any reason. Guarantor shall be deemed to be primarily liable on any
agreement, document or instrument evidencing any Secured Obligation and will for all purposes be deemed to be a party to any such writing whether or not the undersigned has specifically executed or endorsed such writing. 
 II. Continuing Nature of Guaranty 
 2.1 This
Guaranty is a continuing guaranty and shall in all respects be valid and enforceable without regard to the form or the amount of the Secured Obligations in existence at any time. 

 III. Absolute, Unconditional, Joint and Several Nature of Guaranty 
 3.1 The obligations of Guarantor hereunder are absolute and unconditional, and shall be joint and several with each other party that may be liable,
directly or indirectly, for the payment or performance of any of the Secured Obligations. Guarantor shall not be released from any obligations under or in respect of this Guaranty for any reason, nor shall such obligations be reduced, diminished or
discharged for any reason, including: 
 (a) Modifications and Indulgences. Any modifications, renewals, or
alterations of any agreement, document or instrument relating to any Secured Obligation, or any indulgences, adjustments, preferences, extensions or compromises made by Secured Party in favor of Grantor or Guarantor or any other party. 

(b) Condition of Grantor or Guarantor. Any insolvency, bankruptcy, arrangement, adjustment, composition, liquidation,
disability, dissolution or similar proceeding affecting Grantor or Guarantor; any sale, lease or other disposition of any of the assets of Grantor or Guarantor; any reorganization of, or change in the composition of the ownership of Grantor; or any
termination of, or other change in, the relationship between Grantor and Guarantor. 
 (c) Invalidity of Secured
Obligations or Other Agreements. The invalidity, illegality or unenforceability of any Secured Obligation for any reason whatsoever, including, but not limited to: the existence of valid defenses, counterclaims or off-sets to any Secured
Obligation; the violation of applicable usury or other laws by any Secured Obligation; or the lack of authenticity or genuineness of any document or instrument relating to the Secured Obligations. This Guaranty shall be in addition to any other
guaranty or other security for the Secured Obligations, and it shall not be prejudiced or rendered unenforceable by the invalidity or unenforceability of any such other guaranty or security. 
 (d) Release of Grantor. Any complete or partial release of Grantor or any other party liable for any Secured Obligation for
any reason. 
 (e) Release and Care of Collateral: Status of Liens. Any release, surrender, exchange,
deterioration, waste, loss or impairment of any real or personal property transferred or assigned by any party as collateral securing payment of any Secured Obligation (“Collateral”), whether negligent or willful; the failure
of Secured Party or any other party to exercise reasonable care in the preservation, protection, sale or other treatment of any of the Collateral; the failure of Secured Party to create or properly perfect any mortgage, pledge, transfer or
assignment of any Collateral intended to be given by or for the benefit of the Grantor in connection with any Secured Obligation (“Lien”); the unenforceability of any Lien; the subordination of any Lien to any other lien or
encumbrance; or the taking or accepting by Secured Party of any other security for, or assurance of payment of, any Secured Obligation. 
 (f) Other Action or Inaction. Any other action or inaction on the part of Secured Party, whether or not such action or inaction prejudices Guarantor or increases the likelihood that Guarantor will be
required to pay or perform any Secured Obligation pursuant to the terms hereof. 
 It is the obligation of Guarantor to discharge the Secured Obligations
when due, notwithstanding any occurrence, circumstance, event, action or omission whatsoever, whether or not particularly 

  

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described herein. Guarantor is not entering into this Guaranty in reliance on the value or the availability of any of the Collateral. Guarantor acknowledges
that Guarantor may be required to pay the Secured Obligations, in full, without the assistance or support of any other party. Guarantor has not been induced to enter into this Guaranty on the basis that any party other than Grantor will be liable to
perform any Secured Obligations or that Secured Party will look to any other party to perform any Secured Obligation. Secured Party may release, or settle with, the Grantor or any Guarantor or any other party liable, directly or indirectly, for the
performance of any Secured Obligation, all without affecting the liability of any other party to this Guaranty. To the extent that this Guaranty is secured by property of Guarantor, Secured Party shall not be obligated to release its security
interest in such property until all applicable preference periods have passed with respect to payments of Secured Obligations made to Secured Party. 
 IV. Default; Performance of Secured Obligations 
 4.1 If Grantor defaults in the payment or performance of any Secured
Obligation, if there exists any event or condition which, with notice and/or the passage of time, would constitute a default under any document, agreement or instrument evidencing a Secured Obligation, or if there is a liquidation, bankruptcy,
assignment for the benefit of creditors or similar proceeding affecting the status, existence, assets or obligations of Grantor or any Guarantor or other party liable to Secured Party in respect of the Secured Obligations, then the obligations of
Guarantor hereunder shall, at the option of Secured Party, become immediately due and payable and Guarantor shall pay directly to Secured Party the sums which Grantor is obligated to pay to Secured Party, whether by acceleration or otherwise, and
promptly perform all other Secured Obligations. Guarantor shall be liable, as principal obligor and not as a surety or guarantor only, for all attorneys’ fees and other costs and expenses incurred by Secured Party in connection with Secured
Party’s enforcement of this Guaranty, together with interest on all amounts recoverable under this Guaranty, compounded monthly in arrears, from the time such amounts become due and payable until the date of payment at the lesser of Secured
Party’s then current late charge rate of interest or the highest rate permitted by applicable law. If Secured Party is required to return any payment made to Secured Party by or on behalf of Grantor, whether as a result of Grantor’s
bankruptcy, reorganization or otherwise, Guarantor acknowledges that this Guaranty covers all such amounts, notwithstanding that the original of this Guaranty may have been returned to Guarantor and/or otherwise canceled. 
 V. Waivers  
 5.1 Guarantor waives: 

(a) Action Against Others. Any right to require Secured Party to: institute suit or exhaust remedies against Grantor or
any other party liable for any Secured Obligation; enforce Secured Party’s rights in any of the Collateral or other security which is at any time given to secure any Secured Obligation; enforce Secured Party’s rights against any other
Guarantor or any other party liable on any Secured Obligation; join Grantor or any other party liable for any Secured Obligation in any action seeking to enforce this Guaranty; or exhaust any other remedies available to Secured Party or resort to
any other means of obtaining payment or performance of any Secured Obligation. 
  

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 (b) Notices. Notice of the execution, delivery or acceptance by Secured
Party, Grantor or any other party, of this Guaranty or any document, agreement or instrument evidencing any Secured Obligation; notice of the amount of credit extended by Secured Party to Grantor at any time, whether primary or secondary; notice of
modifications or extensions of any Secured Obligation; notice of defaults, or other non-performance by Grantor in connection with any Secured Obligation; notice of the transfer or disposition by Secured Party of any Secured Obligation; notice of the
repossession, sale or other disposition of any of the Collateral; notice of the acceptance of this Guaranty by Secured Party; demand and presentation for payment upon Grantor or any other party liable for any Secured Obligation; protest, notice of
intention to accelerate or notice of acceleration of any Secured Obligation, notice of protest and diligence in bringing suit against Grantor or any other party; and any other action or inaction on the part of Secured Party in connection with this
Guaranty or any Secured Obligation. 
 (c) Subrogation. Any right which Guarantor may at any time have against
Grantor, or any other party liable for any Secured Obligation, as a result of the performance by Guarantor of its obligations under this Guaranty, including, but not limited to contractual, statutory and common law rights of subrogation,
reimbursement, indemnification, set-off or contribution, until all Secured Obligations owing to Secured Party have been paid and performed in full. 
 (d) Suretyship Defenses. Any defenses which Guarantor may have or assert against the enforcement of this Guaranty or any Secured Obligation based upon suretyship principles or any impairment of
Collateral. 
 VI. Representations and Warranties 
 Guarantor represents and warrants to Secured Party that: 
 (a) Benefit.
Guarantor has received, or will receive, substantial benefit from the agreements and transactions giving rise to the Secured Obligations and this Guaranty. 
 (b) No Representations Made by Secured Party. Neither Secured Party nor any other party has made any representation, warranty or statement to Guarantor in order to induce Guarantor to execute this
Guaranty. 
 (c) Access to Information. Guarantor has adequate means to obtain continuing and sufficient
information concerning the financial and business condition of the Grantor and other parties liable in respect of the Secured Obligations. 
 (d) Financial Condition; Solvency. As of the date hereof, and after giving effect to this Guaranty and the contingent obligations contained herein, Guarantor is solvent and has assets which, when fairly
valued, exceed his liabilities. 
 (e) Organization; Authority. Guarantor is a corporation duly organized and
validly existing under the laws of Ohio with full corporate power and authority to execute, deliver and perform this Continuing Guaranty, the Pledge and Assignment Agreement, the Note, Security Agreement and the Secured Obligations, to conduct the
Business, to own its properties and to consummate the Contemplated Transactions. This Guaranty, the Pledge and Assignment Agreement, the Note, Security Agreement and the performance of all Secured Obligations have been duly authorized by all
necessary corporate action of the Guarantor and its stockholders and constitute legal, valid and binding obligations of the Guarantor, enforceable against it in accordance with their respective terms. 
  

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 (f) No Conflicts. Neither the execution and delivery of this Guaranty, the
Pledge and Assignment Agreement, the Note, Security Agreement and nor the performance by Guarantor of all Secured Obligations Agreement will violate, conflict with, give rise to any termination right or result in an Encumbrance under (a) any
provision of the Certificate or By-laws of the Corporation, (b) any agreement or commitment to which the Guarantor is a party, or (c) any law, rule, regulation or order of any court or other Governmental Agency applicable to the
Corporation. 
 (g) Capitalization. Immediately after consummation of the Pledge Agreement and Assignment, the
issued capital stock of the Guarantor will consist of 5,122,460 shares of common stock, par value $0.001 per share (the “COMMON SHARES”) 
 (i) All of the outstanding Shares of the Corporation have been duly authorized and, upon consummation of the Contemplated Transactions at the Closings, the Common Shares will be validly issued, fully paid and
non-assessable and issued free and clear of all Encumbrances, will be issued in compliance with all federal and state securities laws, subject to the filing of a Form D and any state securities filings. All of the Common Shares reserved for issuance
upon exercise of any conversion privileges under the Note or pledged as collateral under the Pledge and Assignment Agreement have been duly authorized and, upon such exercise and issuance, will be validly issued, fully paid and non-assessable and
free and clear of all Encumbrances No legend or other reference to any purported Encumbrance appears or will appear upon any certificate representing any Shares of the Corporation, except as required by applicable federal and state securities laws.
There are no outstanding options, agreements, warrants, rights or commitments of any kind relating to the issuance, registration, transfer, redemption, voting, or purchase of any Shares or any other equity securities or securities convertible into
or exchangeable for equity securities of the Grantor. None of the outstanding Shares was issued in violation of applicable law, preemptive right or agreement. The Guarantor has no obligation to acquire any of its securities or to pay any dividend or
make any distribution with respect thereto. There will be, no preemptive or similar rights to purchase or otherwise acquire any shares of capital stock of the Corporation pursuant to any provision of law, the Certificate of Incorporation of the
Corporation, as amended, or the By-laws of the Corporation or any agreement or commitment to which the Corporation is a party or is subject to or bound, or otherwise. 
 (h) Qualifications of the Guarantor. The Guarantor is qualified as a foreign corporation to do business in every
jurisdiction where it is currently doing business except where the failure to be so qualified is not likely to have a Material Adverse Effect. Except for the Subsidiaries that it currently owns or has an interest, the Guarantor has no Subsidiaries
and does not own, or have any agreement or commitment, to acquire, any stock of any Person or any other direct or indirect equity or ownership interest in any other Person or business. 
 (i) Approvals of Governmental Agencies. No approval or authorization of, or filing or registration with, or notice to, any
Governmental Agency is required to be obtained or made by the Guarantor in connection with this Guaranty or the performance of any of the Secured Obligations, except for the filing of a Form D with the Securities and Exchange Commission and with the
securities division of any other applicable jurisdiction. 
  

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 (j) Other Consents. Other than authority granted by the Guarantor’s
Board of Directors, no consent of or notice to any Person is required to be obtained or made by the Guarantor in connection with this Agreement or the Contemplated Transactions. 
 (k) Financial Statements. Copies of unaudited financial statements of the Guarantor, including balance sheets and statements
of income and cash flows as of December 31, 2002 and for the respective periods then ended, have been provided to the Secured Party in connection with this transaction (the balance sheet of the Guarantor as of December 31, 2002 (the
“BALANCE SHEET DATE”), is referred to herein as the “BALANCE SHEET”). The financial statements so provided are
true and complete in all material respects and fairly present the consolidated assets, liabilities, financial condition and results of operations of the Guarantor as at the dates thereof and for the periods therein referred to, subject to the
absence of footnotes and to year-end audit adjustments. 
 (l) No Undisclosed Liabilities. Guarantor has no
liabilities or obligations of any nature, whether direct, indirect, contingent or otherwise, that were not fully reflected or reserved against in the Balance Sheet, except for immaterial liabilities and obligations not exceeding $25,000 in the
aggregate incurred in the ordinary course of business and consistent with past practice since the date thereof. 
 (m)
Litigation. There is no action, suit, proceeding or (to the best of the Guarantor’s knowledge) investigation pending by or before any court or Governmental Agency and (to the best of the Guarantor’s knowledge) there is no
claim or action overtly threatened against the Guarantor, this Guaranty or the Contemplated Transactions, which could have a Material Adverse Effect. There is no judgment or order of a court of law to which the Corporation or its assets is directly
subject. 
 (n) Taxes. The Guarantor has filed on a timely basis all Tax Returns required to be filed on or
before the date hereof pursuant to all applicable laws or regulations of each Governmental Agency having jurisdiction over it. The Corporation has paid, or established a reserve set forth on the Balance Sheet to the extent required by United States
generally accepted accounting principles consistently applied for, all Taxes due, including, without limitation, pursuant to those Tax Returns, or pursuant to any assessment received by it, except for such Taxes which are being contested and as to
which adequate reserves have been provided in the Balance Sheet. The Guarantor has not requested any extension of time for the payment of Taxes. To the best of the Guarantor’s knowledge, there exists no proposed tax assessment or tax audit
against or affecting the Corporation. All Taxes that the Guarantor has been required by law to withhold or collect have been duly withheld or collected and paid or will be timely paid to the proper Governmental Agency. All Tax Returns filed by the
Guarantor are true, correct and complete in all material respects. 
  

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 (o) Changes in Circumstances. Since the Balance Sheet Date, the Guarantor
has not (i) sold, transferred or otherwise disposed of any of its properties or assets outside the ordinary course of its business consistent with past practice, (ii) mortgaged, pledged or subjected to any Encumbrance any of its properties
or assets other than in the ordinary course of its business consistent with past practice, (iii) acquired any properties or assets outside the ordinary course of its business consistent with past practice, (iv) sustained any material
damage, loss or destruction of or to any of its assets or properties (whether or not covered by insurance), (v) entered into any transaction or otherwise conducted any business other than in the ordinary course of its business consistent with
past practice, (vi) entered into, modified, amended, canceled or terminated any Contracts or any employee benefit plan under circumstances which could reasonably be anticipated to cause a Material Adverse Change, (vii) declared or paid any
dividend or made any other distribution to its shareholders or repurchased any of its outstanding shares of capital stock, (viii) made any loan to any Person, or (ix) agreed to or obligated itself to take any of the actions identified in
clauses (i) through (viii) above. Since the Balance Sheet Date, there has not been any material adverse change in the business, assets, results of operations, financial condition or, to the best of the Corporation’s knowledge,
prospects of the Corporation (a “MATERIAL ADVERSE CHANGE”). 
 (p) Patents, Trademarks and Trade Names. 
 The Guarantor owns valid, enforceable and transferable
rights in all trademarks, patents, service marks, trade names, copyrights (including registrations, licenses and applications pertaining thereto) or confidential or proprietary technology, know-how, trade secrets, formulae or processes (including
proprietary software) (the “INTELLECTUAL PROPERTY”) used by it in the Business. The Intellectual Property rights owned by the Guarantor include all rights necessary for the operation of
the Business as presently conducted and, to the best of the Corporation’s knowledge, as proposed to be conducted in the Business Plan, and such rights will not cease to be valid by reason of the execution, delivery and performance of this
Agreement and the consummation of the Contemplated Transactions. All of the Intellectual Property used by the Corporation in the Business is owned by it free and clear of any Encumbrance. 
 The Intellectual Property includes, without limitation, the pending and registered trademarks and service marks, the reserved trade names,
the registered copyrights, and the filed patent applications and issued patents. Exhibit A sets forth: (i) for each patent, the number and subject matter for each country in which such patent has been issued or, if applicable, the application
number, date of filing and subject matter for each country; (ii) for each trademark, trade name or service mark, the application serial number or registration number; and (iii) for each copyright, the name and number. True, complete and
correct copies of all patents, trademarks, trade names and service marks (including pending applications) owned, controlled, created or used by or on behalf of the Guarantor have been provided to the Investor prior to the Closing. 
 The Guarantor has no obligation to compensate any Person for the use of any Intellectual Property, and the Guarantor has not granted to
any Person any license, option or other rights to use in any manner any of its Intellectual Property, whether requiring the payment of royalties or not, outside the ordinary course of business, except for licenses to its customers. 
  

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 There are no pending or, to the best of the Guarantor’s knowledge, overtly
threatened claims of patent, trade name, trademark or copyright infringement, or of misappropriation or misuse of trade secrets or confidential information, against the Corporation. No Person has notified the Guarantor that it is claiming any
ownership of or right to use any of the Intellectual Property. To the best knowledge of the Guarantor, no Person is infringing or misappropriating any such Intellectual Property in any way. To the best of the Guarantor’s knowledge, the use of
the Intellectual Property by the Guarantor and the conduct of the Business do not and will not conflict with, infringe or otherwise violate the valid intellectual property rights of any other Person. 
 The Guarantor has promulgated and used its best efforts to enforce a trade secret protection program adequate to protect its trade secrets
in the Intellectual Property. To the best knowledge of the Guarantor, there has been no material violation of such program by any person or entity. The Guarantor’s proprietary technology and online content (1) have at all times been
maintained in confidence and (2) have been disclosed by the Guarantor only to employees and consultants in connection with the performance of their duties to the Guarantor. 
 All Persons, including without limitation, employees, agents, consultants and contractors, who have contributed to or participated in the
conception and development of the Guarantor’s proprietary technology and online content on behalf of the Guarantor either (1) have been party to a “work-for-hire” arrangement or agreement with the Guarantor in accordance with
applicable federal and state law, that has accorded the Guarantor full, effective, exclusive, and original ownership of all tangible and intangible property thereby arising, or (2) have executed appropriate instruments of assignment in favor of
the Guarantor as assignee that have conveyed to the Guarantor full, effective, and exclusive ownership of all tangible and intangible property thereby arising. 
 (q) Leases. Any and all leases pursuant to which the Corporation leases (as lessee or lessor) any real or personal property
are valid, binding and enforceable in accordance with their terms, and are in full force and effect; there are no existing defaults by the Corporation or (to the best of the Corporation’s knowledge) any other party, under any of such leases or
agreements which are reasonably likely to have a Material Adverse Effect. 
 (r) Contracts and Commitments. All
agreements and commitments which the Corporation currently has in effect (collectively, the “CONTRACTS”), to wit: 
 any agreements or commitments which require the making of any charitable contributions; 
 any purchase agreements or purchase commitments that will continue for a period of more than 90 days or involve more than $25,000 per year
per contract, or are in excess of the normal requirements of its business or at any price substantially in excess of fair market value and its prior purchasing practices; 
 any agreements or commitments with officers, employees, consultants, advisors, distributors or dealers that are not cancelable by it on
notice of not longer than 90 days and without liability or any collective bargaining agreement; 
  

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 any employment agreement or commitment, non-compete, intellectual property ownership or
confidentiality agreement, or any other agreement or commitment that contains any severance or termination pay, liabilities or obligations; 
 any indebtedness for borrowed money, promissory notes or other debt instruments, or any guarantee of any indebtedness or other obligations of others; 
 any security agreement or other agreement or commitment that creates any Encumbrance on any of its properties or assets; 
 any agreement or commitment requiring the payment of more than $25,000, individually or in the aggregate, to make any capital expenditures
or to acquire any property or assets; 
 any agreement with a stockholder of the Corporation or any Relative thereof, except
for the Restated Shareholders Agreement and Restated Registration Rights Agreement; 
 any employee welfare or retirement
benefit plan as defined in the Employee Retirement Income Security Act of 1974, as amended from time to time (“ERISA”); 
 any agreement with any customer or supplier which is material to the business of the Corporation; or 
 any agreement, commitment or restriction otherwise material to the Corporation’s assets, liabilities or business. 
 The
Corporation has performed all of its obligations required to be performed through the date of Closing under each Contract and the Corporation is not in breach or default in any respect thereunder nor has any event or circumstance occurred which,
with notice or lapse of time or both, would constitute any such breach or default, except in any such case for such breaches or defaults which, individually or in the aggregate, do not have a material adverse effect on the business, assets, results
of operations, financial condition, or, to the best of the Corporation’s knowledge, prospects of the Corporation (a “MATERIAL ADVERSE EFFECT”). To the best of the
Corporation’s knowledge, none of the other parties to any Contract is in breach or default in any respect thereunder nor has any event or circumstance occurred which, with notice or lapse of time or both, would constitute any such breach or
default, except in any such case for such breaches or defaults which, individually or in the aggregate, do not have a Material Adverse Effect. Neither the Corporation nor any officer, director, employee, or agent of the Corporation (or any Person
acting on behalf of any of the foregoing) has failed to perform its obligations in any material respect under any Contract with the United States government or any agency or department thereof. 
 (s) Insurance. All policies of insurance covering the Corporation or all or any portion of its property and assets are in
full force and effect, all premiums covering all periods up to the date hereof have been paid and no notice of cancellation or termination has been received with respect to any such policy. Such policies are in compliance with all agreements to
which the Corporation or any of its Subsidiaries is a party, are valid and enforceable, will remain in full force and effect during the term of the Note and while Guarantor remains liable under this Guaranty without the payment of additional
premiums and will not be affected by the Contemplated Transactions. 
  

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 (t) Labor Relations. There is no labor strike currently pending or
threatened against or affecting the Corporation. The Corporation has no collective bargaining agreement and has experienced no work stoppage. No collective bargaining agreement is currently being negotiated, and no union representation issue
currently exists. 
 (u) Compliance with Law. 
 The operations of the Corporation have been conducted in all material respects in accordance with, and the Corporation is in compliance in
all material respects with, all applicable laws and regulations, including without limitation those which relate to: 
 giving or agreeing to give any gift or similar benefit of more than nominal value on behalf of the Corporation to any customer, supplier, employee or official of any Governmental Authority (domestic or foreign), to induce the recipient or
his employer to do business, grant favorable treatment or compromise or forego any claim; 
 making any payment which might
be improper under prevailing United States laws (regardless of the jurisdiction in which such payment was made) to promote or retain sales or to help, procure or maintain good relations with suppliers; 
 engaging in any activity which would constitute a violation of the federal or applicable state antitrust laws; 
 dealings with the United States government or any agency or department thereof, including, but not limited to, any law with respect to
conspiracy to defraud, false claims, conspiracy to defraud the United States, embezzlement or theft of public money, fraud and false statements, false demands against the United States, mail fraud, wire fraud, RICO and truth in negotiations; or

 pollution or protection of the environment, including emissions, discharges or releases of contaminants, or hazardous or
toxic materials or wastes into air, water or land, or otherwise relating to the distribution, use, storage, disposal, transport or handling of pollutants, contaminants or hazardous or toxic material or waste. 
 The Corporation has not received any notification of any asserted present or past failure to comply with any such law or regulation. To the best of the
Corporation’s knowledge, no gift or benefit is required in connection with the operations of the Corporation or its business to avoid any fine, penalty, cost, expense or Material Adverse Change. The Corporation has all licenses, permits and
approvals from Governmental Agencies required under all applicable laws and regulations for the conduct of the Business (except for those which the failure to have, individually or in the aggregate, will not have a Material Adverse Effect) and is
not in violation of any of them, other than violations, individually or in the aggregate, which will not have a Material Adverse Effect. Each license, permit and approval is in full force and effect, and, to the best of the Corporation’s
Knowledge, no suspension or cancellation has been threatened. 
  

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 To the Corporation’s best knowledge, none of the directors, officers, or Key
Employees of the Corporation has been (i) arrested for or convicted of any material crime, including any felony or crime of moral turpitude (whether material or not), (ii) indicted or (iii) adjudged bankrupt, and none of the
directors, officers, or Key Employees of the Corporation has served as an officer or director of a bankrupt entity and none has been restricted in any way from bidding on contracts with the government of the United States. 
 The Corporation is in full compliance with the Immigration Reform and Control Act of 1986, as amended, and all employees or independent
contractors who are not United States citizens and who work in the United States are (i) named in Exhibit 2.17, (ii) currently authorized under United States immigration laws to hold United States employment as described in Exhibit 2.17,
(iii) will continue to have such employment authorization throughout the term of this Agreement and (iv) otherwise in compliance with United States immigration laws. 
 (v) Employee Matters. The Corporation is not aware that any Key Employee, or that any group of Key Employees, intends to
terminate his or her employment with the Corporation, nor does the Corporation have a present intention to terminate the employment of any of the foregoing. The Corporation is in compliance with all applicable laws and regulations (including those
of the United States) respecting labor, employment, fair employment practices, terms and conditions of employment, and wages and hours, except for violations, individually or in the aggregate, which are not reasonably likely to have a Material
Adverse Effect, and there are no charges of employment discrimination or unfair labor practices pending, or, to the best knowledge of the Corporation, threatened against, the Corporation. 
 (w) Brokerage Fees, Etc. No Person has any claim for brokerage fees, commissions or similar payments with respect to the
Contemplated Transactions based upon any agreement or understanding made by the Corporation. 
 (x) Affiliated
Transactions. To the best of the Corporation’s knowledge, none of the officers, directors, Key Employees, stockholders, or Relatives of any of the foregoing, nor any Person controlled by any of them, has any interest (other than as a
non-controlling holder of securities of a publicly-traded company), either directly or indirectly, in any Person (whether as an employee, officer, director, shareholder, agent, independent contractor, security holder, creditor, consultant or
otherwise) that currently (i) provides any services or designs, produces or sells any products or product lines, or engages in any activity which is the same, similar to or competitive with any activity or business in which the Corporation is
now engaged; (ii) is a supplier of, customer of, creditor of, or has an existing contractual relationship with, the Corporation; or (iii) has any direct or indirect interest in any asset or property used by the Corporation or any property,
real or personal, tangible or intangible, that is necessary or desirable for the conduct of the business of the Corporation. 
 (y) Title to Properties; Encumbrances. The Corporation has good and valid title to all the properties and assets that the Corporation purports to own, including those reflected in the Balance Sheet (except for those sold since
the date of the Balance Sheet in the ordinary course of business and consistent with past practice) and those purchased or otherwise acquired by the Corporation since the date of the Balance Sheet. All properties and assets of the 

  

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Corporation (including, without limitation, those reflected in the Balance Sheet) are free and clear of all Encumbrances except as listed on Exhibit 2.21,
and applicable zoning laws do not impair the current use of such property. The Corporation does not own any real property. Except for minor encroachments of an immaterial nature which do not adversely affect the value of such buildings, all
buildings used by the Corporation lie wholly within the boundaries of the real property owned or leased by it and do not encroach upon the property of others. The properties and assets of the Corporation permit the Corporation to conduct the
Business in the same manner as it has been conducted up to the date of Closing. 
 (z) No Expropriation. To the
best knowledge of the Corporation, no property owned or leased by the Corporation is being expropriated by any Governmental Agency with or without compensation, nor has any such expropriation been proposed. 
 (aa) Employee Benefit Plans, Employment and Related Agreements. 
 Each employee benefit plan, as defined in Section 3(3) of ERISA, maintained currently or in the past by the Corporation (the
“COMPANY BENEFIT PLANS”) has been operated and administered in all material respects in accordance with all applicable requirements of ERISA and the Code. The terms and
conditions of each Company Benefit Plan conform in all material respects with all applicable provisions of ERISA and the Code. Each Company Benefit Plan which is an employee pension benefit plan, as defined in Section 3(2) of ERISA, and which
is intended to be “qualified” within the meaning of Section 401 (a) of the Code (“COMPANY PENSION PLAN”), has been determined by the Internal Revenue
Service to be so qualified. The Corporation has no knowledge of any action or claim of any kind (other than routine claims for benefits) that has been asserted or threatened against any Company Pension Plan, or the assets thereof, or against any
fiduciary of such a plan; and the Corporation has no knowledge of any investigation or administrative review of a Company Pension Plan which could result in the imposition of any penalty or assessment. 
 None of the Company Pension Plans which is subject to Title IV of ERISA has completely or partially terminated, or been the subject of a
reportable event as defined in Section 4043 of ERISA. No liability under Subtitle D of Title IV of ERISA has been incurred by the Corporation with respect to a Company Pension Plan. 
 The actuarial present value of the total accrued benefits under each Company Pension Plan which is a defined benefit pension plan did not,
as of its latest valuation date, exceed the fair market value of the total assets of the plan, based upon the actuarial assumptions and methods used to fund the plan and determined on an ongoing basis. No Company Pension Plan has incurred any
accumulated funding deficiency (whether or not waived) as defined in Section 412 of the Code. 
 Except as shown on
Exhibit 2.23, there are no multi-employer plans, as defined in Section 4001(a)(3) of ERISA, to which the Corporation contributes, or under which the Corporation has any present or future obligation or liability. 
 No Company Benefit Plan provides health, life or other similar coverage to employees beyond the termination of their employment with the
Corporation, other than coverage that is required under Section 4980B of the Code, or under the continuation of coverage provisions of the laws of any state. 
  

 12 

 No Company Benefit Plan is funded by, or associated with, a “voluntary
employees’ beneficiary association” within the meaning of Section 501(c)(9) of the Code. 
 The Corporation has
filed or caused to be filed on a timely basis all returns, reports (including Form 5500), statements, notices, declarations and other documents required by any federal, state, local or foreign governmental agency (including without limitation the
Internal Revenue Service, the Department of Labor, the Pension Benefit Guaranty Corporation and the Securities & Exchange Commission) with respect to each Company Benefit Plan. The Corporation has delivered or caused to be delivered
to every participant, beneficiary and every other party entitled to such material all plan descriptions, returns, reports, notices, statements and similar materials including, without limitation, summary plan descriptions and reports as are required
under Title I of ERISA and the Code. 
 The consummation of the Contemplated Transactions will not increase nor accelerate the
time of payment or vesting of any compensation due to any current or former employee of the Corporation, or result in the payment or series of payments by the Corporation to any person of an “excess parachute payment” within the meaning of
Section 280G of the Code. 
 (bb) Disclosure. The Corporation has, to the best of its knowledge, fully
responded to all requests for information. No information in this Agreement or in any Exhibit attached to this Agreement contains or will contain any untrue statement of a material fact or when considered together with all such information delivered
to the Investor omits to state any material fact necessary in order to make the statements made in the light of the circumstances under which they were made, when taken as a whole, not misleading. The disclosures made in writing by the Corporation
in connection with this Agreement when read in the light of the circumstances when made and taken as a whole, did not when made contain any untrue statement of a material fact nor omit to state a material fact necessary to make the statements made
therein not misleading. 
 (cc) No Violations. This Guaranty constitutes a legal, valid and binding obligation
of the Guarantor enforceable in accordance with its terms. The execution, delivery and performance of this Guaranty by the Guarantor will not (i) violate any provision of any Applicable Law, (ii) conflict with, result in a breach of or
constitute a default under any contract or obligation to which the Grantor is a party. There is no lawsuit, tax claim or other dispute pending or threatened against the Guarantor, which, if lost, would impair the Guarantor’s financial condition
or ability to pay the amounts due under the Promissory Note and Security Agreement. The Guarantor is not in default on any obligation for borrowed money, any purchase money obligation or any other material lease, commitment, contract, instrument or
obligation. 
  

 13 

 VII. Subordination 
 7.1 Guarantor further agrees that: (i) all present and future indebtedness of Grantor to Guarantor (“Subordinated Debt”) shall be and hereby is subordinated to, assigned and transferred to
Secured Party and pledged and made security for the payment of the Secured Obligations; (ii) Guarantor shall not demand, nor accept from Grantor or any other person, any payment or transfer of property on account of the Subordinated Debt and
shall not cancel, set-off or otherwise discharge any part of the Subordinated Debt; (iii) Guarantor contemporaneously herewith and from time to time hereafter shall on request deliver to Secured Party any and all documents, instruments, notes
or certificates evidencing any such indebtedness, and shall execute such further agreements, endorsements, financing statements, assignments or other proper transfers as Secured Party may request to further evidence the assignment of Subordinated
Debt and the perfection of Secured Party’s security interest therein; and (iv) Guarantor hereby appoints Secured Party and each of its duly authorized officers as Guarantor’s attorney to demand and enforce payment in any way of
Subordinated Debt, to prove all claims, receive all interest or dividends and take all other action, either in the name of Secured Party or of Guarantor, in respect of Subordinated Debt in any liquidation or any proceedings whatsoever affecting
Grantor or his property under any bankruptcy or other laws now or hereafter in effect for the relief of debtors, and in general to do any act or take any action in regard to Subordinated Debt which Guarantor might otherwise do. Notwithstanding the
foregoing, so long as there is no event of default under any agreement associated with the Secured Obligations or the Subordinated Debt, Guarantor may receive and Grantor may pay (but not prepay) scheduled installment payments of principal and/or
interest from Grantor strictly in accordance with the terms of the documents and instruments evidencing the Subordinated Debt, provided, however, that in no event may any Subordinated Debt be prepaid (whether or not permitted or
contemplated by the terms of such documents or instruments) without the prior written consent of Secured Party. Upon the request of Secured Party, Guarantor shall deliver to Secured Party a certified statement of the outstanding Subordinated Debt,
specifying in detail the time at which permitted payments were made, if any. 
 VIII. Governing Law; Miscellaneous 
 8.1 THIS GUARANTY AND THE LEGAL RELATIONS OF THE PARTIES HERETO SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF OHIO, WITHOUT REGARD TO PRINCIPLES REGARDING THE CHOICE OF LAW. GUARANTOR CONSENTS TO THE JURISDICTION AND VENUE OF OHIO COURTS IN CONNECTION WITH SECURED PARTY’S ENFORCEMENT OF ANY OBLIGATIONS UNDER OR IN RESPECT OF THIS GUARANTY.
GUARANTOR HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS GUARANTY. Time is of the essence in the payment and performance of all Secured Obligations and all of Guarantor’s obligations and
liabilities owing to Secured Party hereunder. This Guaranty shall not be deemed to create any right in any party except as provided herein and shall inure to the benefit of, and be binding upon, the successors and assigns of Guarantor and Secured
Party. This Guaranty constitutes the entire agreement of Guarantor and Secured Party relative to the subject matter hereof, and there are no prior or contemporaneous understandings or agreements, whether oral or in writing, between the parties
hereto with respect to the subject matter hereof. No subsequent modification of, or supplement to, this Guaranty shall be enforceable against any party hereto 

  

 14 

 
unless the same is in writing and is duly signed by an authorized officer or representative of the party against whom enforcement is sought. Guarantor agrees
to maintain a minimum personal net worth of $2,000,000 during the term of this Guaranty. Guarantor agrees that Secured Party may, without the consent of, or notice to, Guarantor, assign all or any portion of this right hereunder to any other party
to which all or any portion of the Secured Obligations are transferred, assigned or negotiated (an “Assignee”), and Guarantor shall execute and deliver to Secured Party upon Secured Party’s request such further and additional
documents, instruments and assurances as Secured Party deems necessary (a) in order to acknowledge and confirm for the benefit of Secured Party or any Assignee all of the terms and conditions this Guaranty and Secured Party’s or
Assignee’s rights with respect thereto, and Guarantor’s compliance with all of the terms and provisions hereof and (b) to preserve, protect and perfect Secured Party’s or Assignee’s right, title or interest hereunder and in
any Collateral or other property securing any Secured Obligations or any obligations of Guarantor owing to Secured Party or any Assignee, including without limitation, such UCC financing statements or amendments, corporate resolutions, certificates
of compliance, notices of assignment or transfers of interests, and restatements and reaffirmations of Guarantor’s obligations owing to Secured Party or any Assignee and its representations and warranties with respect thereto as of the dates
requested by Secured Party from time to time. 
 The undersigned has executed this Guaranty as of the date set forth below. 
 Dated as of: January 19, 2004 
 [SIGNATURE PAGE FOLLOWS] 
  

 15 

 SIGNED AND DELIVERED AS OF THIS 19th day of January, 2004. 
  

			
	 GUARANTOR:
 Global Energy,
Inc.

		
		 	/s/ Harry H. Graves
	By:	 	Harry H. Graves
		 	President

  

					
	STATE OF OHIO	 	)	  	
		 	)	  	ss
	COUNTY OF HAMILTON	 	)	  	

 Subscribed, sworn to and acknowledged
before me this 19th day of January, 2004 by Harry H. Graves, President of Global Energy, Inc. who personally
appeared before me on behalf of said corporation and acknowledged his signature to be the voluntary act and deed of said corporation. 
 Witness my hand and official seal. 

	
	
	/s/ Katherine D. Goldsmith
	 Notary Public
 My Commission expires:
                

  

					
		  	 Katherine Doggett Goldsmith, Attorney at Law
     NOTARY PUBLIC - STATE OF OHIO
     My Commission has no expiration
     date. Section 147.03 O.R.C.
	  	

  

 16Profit Sharing Trust Plan

 Exhibit 10.42 
 GLOBAL ENERGY, INC. 
 PROFIT SHARING TRUST PLAN 
 1. Purpose of the Plan. The purpose of this Plan is to attract, retain, and motivate officers and other key employees of Global Energy, Inc. (the
“Company”) and its Subsidiaries and to provide to such persons incentives and rewards for superior performance and contribution. The Board authorized the program at its annual meeting in 1989 and now desires to memorialize the terms and
conditions of the Plan in writing. 
 2. Definitions. Capitalized terms used herein shall have the meanings assigned to such terms in
this Section 2. 
 “Applicable Laws” means the requirements relating to the administration of equity-based
compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Shares are listed or quoted, and the applicable laws of any other country or
jurisdiction where awards are granted under this Plan. 
 “Board” means the Board of Directors of the Company.

 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Management Committee of the Board. 
 “Common Shares” means shares of common stock, no par value, of the Company or any security into which such Common Shares may be
changed by reason of any transaction or event of the type referred to in Section 6 of this Plan. 
 “Company”
has the meaning given such term in Section 1 of this Plan. 
 “Date of Grant” means the date specified by the
Committee on which a grant of Restricted Stock Units shall become effective. 
 “Evidence of Award” means an
agreement, certificate, resolution, or other type or form of writing or other evidence approved by the Committee which sets forth the terms and conditions of the Restricted Stock Units. An Evidence of Award may be in an electronic medium, may be
limited to a notation on the books and records of the Company, and, with the approval of the Committee, need not be signed by a representative of the Company or a Participant. 
 “Participant” means a person who is selected by the Committee to receive benefits under this Plan and who is at the time an
officer or other key employee of the Company or any of its Subsidiaries, or who has agreed to commence serving in any such capacities within ninety (90) days of the Date of Grant. 

 “Plan” means this Global Energy, Inc. Profit Sharing Trust Plan, as amended
from time to time. 
 “Restricted Stock Unit” means an award made pursuant to Section 4 of this Plan of the
right to receive Common Shares at the end of a specified period. 
 “Restriction Period” means the period of time
during which Restricted Stock Units are subject to deferral, as provided in Section 4 of this Plan. 
 “Subsidiary” means a corporation, company, or other entity which is designated by the Board and in which the Company has a direct or indirect ownership or other equity interest. 
 3. Shares Available Under the Plan. The Common Shares that may be issued or transferred in payment of Restricted Stock Units may be shares of
original issuance, treasury shares, or a combination of the foregoing. 
 4. Restricted Stock Units. The Committee may authorize the
grant of Restricted Stock Units to Participants. Each such grant shall be subject to all of the requirements contained in, and may contain such provisions as are authorized by, the following provisions: 
 a. Each such grant shall constitute the agreement by the Company to deliver Common Shares to the Participant in the future in
consideration of the performance of services, but subject to the fulfillment of such conditions during the Restriction Period as the Committee may specify. 
 b. Each such grant shall be subject to a Restriction Period as determined by the Committee at the Date of Grant, and may provide for the earlier lapse or other modification of such Restriction Period in the event of a
change in control, retirement, or death or disability of the Participant or other similar transaction or event as approved by the Committee. 
 c. During the Restriction Period, the Participant shall have no right to transfer any rights under his or her award and shall have no rights of ownership in the Restricted Stock Units and shall have no right to vote
them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Shares on either a current or deferred or contingent basis, either in cash or in additional Common Shares. 
 d. Each grant or sale of Restricted Stock Units shall be evidenced by an Evidence of Award, which shall contain such terms and provisions,
consistent with this Plan and applicable sections of the Code, as the Committee may approve. 
 e. If a Participant received a
grant of Restricted Stock Units under this Plan, terminated such Participant’s employment with the Company, and then is rehired by the Company, the Committee may delay the eligibility of such Participant to receive additional grants of
Restricted Stock Units under this Plan. 
 5. Transferability. Except as otherwise determined by the Committee, no Restricted Stock
Unit shall be transferable by a Participant other than by will or the laws of descent and distribution. 
  

 2 

 6. Adjustments. The Committee may make or provide for such adjustments in the numbers of Common
Shares covered by outstanding Restricted Stock Units and in the kind of shares covered thereby, as the Committee, in its sole discretion, exercised in good faith, may determine is equitably required to prevent dilution or enlargement of the rights
of Participants that otherwise would result from (a) any stock dividend, stock split, combination of shares, recapitalization, or other change in the capital structure of the Company, or (b) any merger, consolidation, spin-off, split-off,
spin-out, split-up, reorganization, partial or complete liquidation or other distribution of assets (including, without limitation, a special or large non-recurring dividend), or issuance of rights or warrants to purchase securities, or (c) any
other corporate transaction or event having an effect similar to any of the foregoing. Moreover, in the event of any such transaction or event, the Committee, in its discretion, may provide in substitution for any or all outstanding Restricted Stock
Unit awards under this Plan such alternative consideration as it, in good faith, may determine to be equitable in the circumstances and may require in connection therewith the surrender of all awards so replaced. 
 7. Fractional Shares. The Company shall not be required to issue any fractional Common Shares pursuant to this Plan. The Committee may provide for
the elimination of fractions or for the settlement of fractions in cash. 
 8. Withholding Taxes. The Company shall have the right to
deduct from any payment or benefit realized under this Plan an amount equal to the federal, state, local, foreign, and other taxes which in the opinion of the Company are required to be withheld by it with respect to such payment or benefit. To the
extent that the amounts available to the Company for such withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that the Participant or other recipient make arrangements satisfactory
to the Company for payment of the balance of such taxes required to be withheld. At the discretion of the Committee, such arrangements may include relinquishment of a portion of such benefit pursuant to procedures adopted by the Committee from time
to time. The Company and a Participant or such other recipient may also make similar arrangements with respect to the payment of any taxes with respect to which withholding is not required. 
 9. Administration of the Plan. 
 a. This Plan shall be administered by the Committee, which may from time to time delegate all or any part of its authority under this Plan to a subcommittee of the Board. To the extent of any such delegation,
references in this Plan to the Committee shall be deemed to be references to any such subcommittee. A majority of the Committee (or subcommittee) shall constitute a quorum, and the action of the members of the Committee (or subcommittee) present at
any meeting at which a quorum is present, or acts unanimously approved in writing, shall be the acts of the Committee (or subcommittee). 
 b. The interpretation and construction by the Committee of any provision of this Plan or of any Evidence of Award and any determination by the Committee pursuant to any provision of this Plan or of any such Evidence
of Award shall be final and conclusive. No member of the Committee shall be liable for any such action or determination made in good faith. 
  

 3 

 10. Amendments and Other Matters. 
 a. The Committee may at any time and from time to time amend or terminate the Plan in whole or in part. 
 b. This Plan shall not confer upon any Participant any right with respect to continuance of employment or other service with the Company
or any Subsidiary, nor shall it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate such Participant’s employment or other service at any time. 
 c. Unless terminated earlier as provided herein, this Plan shall continue in effect until the date on which all Common Shares available
for issuance or transfer under this Plan have been issued or transferred and the Company has no further obligation hereunder. 
 d. Neither a Participant nor any other person shall, by reason of participation in the Plan, acquire any right or title to any assets, funds, or property of the Company or any Subsidiary, including without limitation, any specific funds,
assets, or other property which the Company or any Subsidiary may set aside in anticipation of any liability under the Plan. A Participant shall have only a contractual right to an award or the amounts, if any, payable under the Plan, unsecured by
any assets of the Company or any Subsidiary, and nothing contained in the Plan shall constitute a guarantee that the assets of the Company or any Subsidiary shall be sufficient to pay any benefits to any person. 
 e. Except to the extent preempted by federal law, this Plan and each Evidence of Award shall be governed by the laws of the State of Ohio,
excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. 
 f. If any provision of the Plan is or becomes invalid, illegal, or unenforceable in any jurisdiction, or would disqualify the Plan or any
award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended or limited in scope to conform to Applicable Laws or, in the discretion of the Committee, it shall be stricken and the remainder of the Plan
shall remain in full force and effect. 
 11. Compliance with Section 409A of the Code. To the extent applicable, it is intended
that this Plan and any Restricted Stock Units granted hereunder comply with the provisions of Section 409A of the Code. The Plan and any Restricted Stock Units granted hereunder shall be administrated in a manner consistent with this intent,
and any provision that would cause the Plan or any Restricted Stock Units granted hereunder to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment
may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Company without the consent of Participants). Any reference in this Plan to Section 409A of the Code will also include any proposed, temporary,
or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service. 
  

 4 

 12. Applicable Laws. The obligations of the Company with respect to any Restricted Stock Units
granted under the Plan shall be subject to all Applicable Laws and such approvals by any governmental agencies as the Board determines may be required. 
 END OF DOCUMENT 
  

 5 

 EXHIBIT A 
 TERMS AND CONDITIONS OF AWARD 
 1. Restricted Stock Units. The Restricted Stock Units shall
become vested in accordance with Section 3 hereof. Each Restricted Stock Unit shall represent one (1) hypothetical Common Share and shall at all times be equal in value to one (1) Common Share. The Restricted Stock Units will be
credited to the Grantee in an account established for the Grantee until payment in accordance with Section 4 hereof. 
 2.
Restrictions on Transfer of Restricted Stock Units. Neither the Restricted Stock Units granted hereby nor any interest therein or in the Common Shares related thereto shall be transferable prior to payment other than by will or pursuant to the
laws of descent and distribution (or to a designated beneficiary in the event of the Grantee’s death). 
 3. Vesting of Restricted
Stock Units. The Restricted Stock Units shall become vested on the expiration date of the Restriction Period stated in the Evidence of Award (the “Vesting Date”) if the Grantee shall remain in the continuous employ of the Company or
any Subsidiary during that Restriction Period. Any Restricted Stock Units not vested will be forfeited if the Grantee ceases to be continuously employed by the Company or any Subsidiary prior to the applicable Vesting Date. For purposes of this
Section 3, the continuous employment of the Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of
(i) the transfer of his employment among the Company and its Subsidiaries or (ii) a leave of absence approved by the Company. 
 4. Issuance of the Common Shares. The Company will issue to the Grantee the Common Shares underlying the vested Restricted Stock Units within thirty (30) days following the Grantee’s “separation from service”
(within the meaning of Section 409A of the Code) with the Company and its Subsidiaries. The Company’s obligations to the Grantee with respect to the Restricted Stock Units will be satisfied in full upon the issuance of shares of Common
Shares corresponding to such Restricted Stock Units. 
 5. Dividend, Voting, and Other Rights. 
 (a) The Grantee shall have no rights of ownership in the Restricted Stock Units or in the Common Shares related thereto and shall have no
right to dividends and no right to vote Restricted Stock Units or the Common Shares related thereto until the date on which the Common Shares underlying the Restricted Stock Units are issued to the Grantee pursuant to Section 4 above.

 (b) The obligations of the Company under this Award will be merely that of an unfunded and unsecured promise of the Company
to deliver Common Shares in the future, and the rights of the Grantee will be no greater than that of an unsecured general creditor. No assets of the Company will be held or set aside as security for the obligations of the Company under this Award.

 6. Adjustments. The number of Common Shares issuable pursuant to the Restricted Stock Units is
subject to adjustment as provided in Section 6 of the Plan. 
 7. Compliance with Law. The Company shall make reasonable efforts
to comply with all applicable federal, state, and provincial securities laws; provided, however, that, notwithstanding any other provision of this Award, the Company shall not be obligated to issue any Common Shares pursuant to this Award if the
issuance thereof would result in a violation of any such law. 
 8. Compliance with Section 409A of the Code. To the extent
applicable, it is intended that this Award and the Plan comply with the provisions of Section 409A of the Code. This Award and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Award
or the Plan to fail to satisfy Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and
may be made by the Company without the consent of the Grantee). In particular, to the extent that the Grantee is a “specified employee” (within the meaning of Section 409A of the Code) at the time of his “separation from
service”, the date of issuance of the Common Shares shall be the date that is six (6) months after the date of such separation from service (or, if earlier, the date of the Grantee’s death). Reference to Section 409A of the Code
will also include any proposed, temporary, or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service. 
 9. Withholding Taxes. The Grantee will pay to the Company, on demand, any taxes the Company reasonably determines that it is required to withhold
under applicable tax laws with respect to the Restricted Stock Units or the issuance of Common Shares pursuant to this Award. The tax withholding obligation may be satisfied, with the consent of the Committee, by the Company withholding Common
Shares otherwise issuable pursuant to this award. 
 10. Right to Terminate Employment. No provision of this Award shall limit in any
way whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein shall be deemed to create a contract or a right to employment with respect to the Grantee.

 11. Amendments. Any amendment to the Plan shall be deemed to be an amendment to this Award to the extent that the amendment is
applicable hereto; provided, however, that no amendment shall adversely affect the rights of the Grantee under this Award without the Grantee’s consent. 
 12. Severability. In the event that one or more of the provisions of this Award shall be invalidated for any reason by a court of competent jurisdiction, any provision so invalidated shall be deemed to be
separable from the other provisions hereof, and the remaining provisions hereof shall continue to be valid and fully enforceable. 
  

 2 

 13. Relation to the Plan. This Award is subject to the terms and conditions of the Plan. In the
event of any inconsistency between the provisions of this Award and the Plan, the Plan shall govern. The Committee, acting pursuant to the Plan, shall, except as expressly provided otherwise herein, have the right to determine any questions which
arise in connection with the grant of the Restricted Stock Units. 
  

 3 

 GLOBAL ENERGY, INC. 
 PROFIT SHARING TRUST PLAN (PST) 
 Evidence of Restricted Stock Units Award 
 Global Energy, Inc. (the “Company”) hereby grants to you the number of Restricted Stock Units listed below, subject to the terms, conditions, and restrictions
of the Global Energy, Inc. Profit Sharing Trust Plan (the “Plan”) and the additional terms, conditions, and restrictions set forth on Exhibit A of this Evidence of Award (the “Award”). The Date of Grant and the Restriction Period
listed below pertain strictly to this grant. All terms used herein with initial capital letters and not otherwise defined herein that are defined in the Plan shall have the meanings assigned to them in the Plan. 
  

							
	 Grantee:
	 	  	  	SSN:	  	  
	 Address:
	 	  	  		  	

							
		 	  	  	Date of Hire:	  	  

 Date of Grant: 
  

 Restricted Stock Units Awarded: 
  

 Restriction Period for this Grant:

  

  

			
	GLOBAL ENERGY, INC.
		
	By:	 	  
	Title:	 	  

 For Employer Use Only:          Date of
Termination:                     
          Vested:    Y     N           Share Certificate
Issued:

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