Document:

Exhibit 10.9

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 Director Compensation Policy
 2017
 Incentive Plan
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	Director Compensation Program, Stock Ownership Requirements and Stock-in-Lieu of Cash Retainer Plan,
including the
Non-Employee Director Compensation Policy
pursuant to the 2017
Omnibus Incentive Plan

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The Board of Directors believes that it is generally desirable for directors to own shares of stock of Allied Motion Technologies Inc. (the “Company”).  By becoming equity owners, the Non-Employee Directors assume a personal stake in the success or failure of the Company, and it aligns their financial interests with those of long-term shareholders of the Company.  Accordingly, the Board has adopted the Director Compensation Program and Stock Ownership and Retention Requirements to facilitate such equity ownership.  This document supersedes all prior plans, policies and documents with respect to the subjects covered herein.
I.Director Compensation Program.  
Unless the context otherwise requires, all capitalized terms used in this Director Compensation Program shall have the respective meanings assigned to them in the Allied Motion Technologies Inc. 2017 Omnibus Incentive Plan (the “Plan”).  
A.Equity Awards  
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The following shall constitute the equity awards under the Non-Employee Director Compensation Policy under the Plan:
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Annual Retainer Share Award 
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(a)Each year, as of the date of the Company’s annual meeting of shareholders, the Company shall automatically award shares of Restricted Stock to each Non-Employee Director who has been elected or reelected as a member of the Board of Directors at the annual meeting.  The number of shares of Restricted Stock shall be equal to the Non-Employee Directors’  “Annual Equity Amount” as set forth in Attachment A hereto, as such Annual Equity Amount may be changed from time-to-time by the Board of Directors, divided by the Fair Market Value of a share of the Company’s Common Stock on the date of such election.  If a fraction results, the number of shares of Restricted Stock shall be rounded up to the next whole number.  
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(b)If a Non-Employee Director is elected or appointed to the Board of Directors other than at an annual meeting of the Company and has not received an award pursuant to paragraph (a) immediately above during the twelve months preceding election or appointment, the Company shall automatically award to the Non-Employee Director a number of shares of Restricted Stock that is equal to the amount determined pursuant to paragraph (a) above based on the date of election or appointment multiplied by a fraction, the numerator of which is the remainder of 365 

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minus the number of days between the adjournment of the last annual meeting and the effective date of the election or appointment, and the denominator of which is 365.  If a fraction results, the number of shares of Restricted Stock shall be rounded up to the next whole number.  
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(c)The Company shall issue the Restricted Stock awarded under paragraphs (a) or (b) above on the first business day following the effective date of the election, reelection or appointment (the “Grant Date”).  The Restricted Stock awarded under paragraph (a) will vest in four equal quarterly installments, on the first business day of each of June, September, December and April that occurs during the 12-month period after the Grant Date. The Restricted Stock awarded under paragraph (b) will vest in equal parts on the vesting dates set forth in the preceding sentence that occur prior to the first anniversary of the most recent annual meeting of shareholders. If a Non-Employee Director ceases to serve as a Board member for any reason other than due to death or Disability, then all Restricted Stock that is not then vested shall be immediately forfeited, unless the Compensation Committee of the Board of Directors decides otherwise.  If a Non-Employee Director ceases to serve as a Board member by reason of death or Disability, then all Restricted Stock that is not then vested shall immediately become vested.
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Additional Annual Retainer Share Award for Lead Director
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(a)Each year, as of the date of the Company’s annual meeting of shareholders, the Company shall automatically award shares of Restricted Stock to the lead independent director (the “Lead Director”).  The number of shares of Restricted Stock shall be equal to the “Lead Director’s Annual Equity Amount” as set forth in Attachment A hereto, as such Lead Director’s Equity Annual Amount may be changed from time-to-time by the Board of Directors, divided by the Fair Market Value of a share of the Company’s Common Stock on the date of the Lead Director’s appointment.  If a fraction results, the number of shares of Restricted Stock shall be rounded up to the next whole number.  
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(b)If a Director is appointed as Lead Director other than at an annual meeting of the Company and has not received an award pursuant to paragraph (a) immediately above during the twelve months preceding appointment, the Company shall automatically award to the Lead Director a number of shares of Restricted Stock that is equal to the amount determined pursuant to paragraph (a) based on the date of appointment multiplied by a fraction, the numerator of which is the remainder of 365 minus the number of days between the adjournment of the last annual meeting and the effective date of the appointment, and the denominator of which is 365. If a fraction results, the number of shares of Restricted Stock shall be rounded up to the next whole number.  
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(c)The Company shall issue the Restricted Stock awarded under paragraphs (a) or (b) above on the Grant Date.  The Restricted Stock awarded under paragraph (a) will vest in four equal quarterly installments, on the first business day of each of June, September, December and April that occurs during the 12-month period after the Grant Date. The Restricted Stock awarded under paragraph (b) will vest in equal parts on the vesting dates set forth in the preceding sentence that occur prior to the first anniversary of the most recent annual meeting of shareholders. If a Non-Employee Director ceases to serve as Lead Director for any reason other than due to death or Disability, then all Restricted Stock relating to service as Lead Director that is not then vested 

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Revised November 4, 2020
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shall be immediately forfeited, unless the Compensation Committee of the Board of Directors decides otherwise.  If a Non-Employee Director ceases to serve as Lead Director by reason of death or Disability, then all Restricted Stock relating to service as Lead Director that is not vested shall immediately become vested.
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B.Cash Payments
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In addition to equity awards under the Plan, Non-Employee Directors shall be entitled to the following payments in cash:
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Annual Director’s and Lead Director’s Cash Retainer and Committee Retainers 
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In addition to the Annual Retainer Share Award defined above, each Non-Employee Director will be paid the most recent annual cash retainer designated on Attachment A.  In addition to those retainers, the Lead Director, the chairpersons of the Audit, Compensation and Governance and Nominating Committees, and the other members of each of those Committees shall receive the most recent retainers listed for such positions on Attachment A. All such cash retainers are payable ratably on a quarterly basis.
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No Separate Meeting Fees; Reimbursement of Expenses
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No separate meeting fees shall be paid for Board or committee meetings or for actions taken by unanimous written consent in lieu of a meeting in accordance with the Company’s Bylaws.  Each Non-Employee Director will be reimbursed for his or her expenses in connection with attendance at each meeting.
II.Stock Ownership Requirement
Each Non-Employee Director is required to hold a minimum investment in shares of the Company's common stock equal to three (3) times the annual cash and stock retainers (as defined below) paid or payable to a Non-Employee Director under the Director Compensation Program (hereinafter referred to as the “Stock Ownership Requirement”). 
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A Non-Employee Director's annual retainer includes:  (a) the value of any shares of the Company's common stock, including Restricted Stock, issued or issuable to the director as part of the director's annual retainer, and (b) the annual cash retainer fees, but will not include Lead Director, chairperson, committee or similar fees.  
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All Non-Employee Directors shall own a number of shares sufficient to satisfy the Stock Ownership Requirement under this Plan as long as they remain a member of the Company's Board of Directors, subject to the Grace Period and any hardship exception provisions approved by the Governance and Nominating Committee in accordance with the authority delegated to the Committee below.  The Company will calculate compliance with the Stock Ownership Requirement on December 31 of each year.  

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Revised November 4, 2020
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For purposes of determining compliance with the Stock Ownership Requirement, shares owned by a Non-Employee Director shall include: (a) shares of the Company’s common stock purchased directly by a director, (b) shares of the Company’s common stock purchased by or in the director’s individual retirement account (IRA) or other tax qualified retirement plan, (c) shares of the Company’s common stock purchased by a director’s spouse living in the same household, and (d) shares of the Company’s common stock owned by a trust funded by the director for the benefit of the director or his or her legal spouse or domestic partner, children or grandchildren.  Awards of restricted stock made pursuant to the Company’s 2017 Omnibus Incentive Plan (including Awards subject to vesting), or any successor plans, shall count towards the Stock Ownership Requirement.  
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A new Non-Employee Director will be allowed a grace period to meet the Stock Ownership Requirement in full, from the date of initial election or appointment to the Board through the fifth (5th) anniversary of such election or appointment (the “Grace Period”). At the end of each year during the Grace Period, a Director must own at least the following minimum percentage of their Stock Ownership Requirement: 1st year – 20%; 2nd year – 40%; 3rd year – 60%; 4th year – 80%; and 5th year and thereafter – 100%.  Until such time as the director satisfies the Stock Ownership Requirement, the director must hold 100% of the shares of common stock received as stock awards pursuant to any equity compensation plan or upon lapse of the restrictions upon Restricted Stock (net of any shares used to pay for tax withholding).
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Hardship exceptions to any of the terms, conditions and requirements under this Plan may be made at the discretion of the Governance and Nominating Committee. 
III.Stock-in-Lieu of Cash Retainer.  
Each Non-Employee Director may elect to forego receipt of all or a portion of any Board, Committee or special retainer otherwise payable in cash under the Company’ Director Compensation Program in exchange for common stock issued in accordance with the following provisions: 
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Shares Applicable to Stock Ownership Requirement 
All shares acquired by a Non-Employee Director pursuant to an election to take stock in lieu of cash, as provided below, shall qualify in satisfying such director’s Stock Ownership Requirement.
Election Procedure
The number of shares of Common Stock received by any Non-Employee Director with respect to a payment date shall equal the amount of foregone cash retainer divided by the Fair Market Value (as defined below) of a share of Common Stock on the relevant payment date, rounded down to the nearest whole share, with the dollar amount of any fractional share paid in cash on the payment date.  If the cash retainer would be paid during a blackout period as defined in the Company’s Insider Trading Policy, then the payment date as used herein for the purchase of shares will be the first day of the next Trading Window as defined in the Insider Trading Policy.  

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Revised November 4, 2020
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For the purpose of this Plan, the Fair Market Value of a share of common stock on a given date shall be the consolidated closing bid price on that date as reported by the NASDAQ Stock Market.  If there are no common stock transactions on such date, the Fair Market Value shall be determined as of the immediately preceding date on which there were common stock transactions.  
Election 
A Non-Employee Director may elect Common Stock in place of cash by submitting a written or electronic election to the Company’s Secretary, in such form as the Company determines, by the date established by the Company prior to such payment date.
Number of Authorized Shares 
There are 100,000 shares of the Company’s Common Stock reserved for issuance pursuant to this Stock-in-Lieu of Cash Retainer Program.
Adjustments in Authorized Shares  
If a dividend or other distribution, recapitalization, forward or reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange, liquidation, dissolution, or other similar corporate transaction or event affects the Company’s Common Stock, then the Company’s Board of Directors shall, in such manner as it may determine equitable, substitute or adjust any or all of the remaining limits on the number and kind of shares available under the Plan. The decision of the Board of Directors shall be final and binding. 
Share Shortfalls  
If any election under this Plan would cause the number of shares of Common Stock required to be issued under this Plan to exceed the authorized shares, then any then current elections of non-employee directors shall be reduced or disregarded to the extent necessary, as determined by the Compensation Committee of the Board of Directors in an equitable manner, to avoid exceeding the authorized shares.  The decision of the Compensation Committee shall be final and binding. No further elections shall be made or shall be valid until such time, if any, as additional shares of Common Stock become available for purchase under this Plan. 
Inside Information  
All purchases of Company stock are subject to compliance with Section 16 of the Securities Exchange Act of 1934, as amended, and the Company’s Insider Trading Policy including the defined Trading Window. 
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This Director Compensation Program, Stock Ownership Requirement and Stock-in-Lieu of Cash Retainer Plan, including the Non-Employee Director Compensation Policy pursuant to the 2017 Omnibus Incentive Plan can be amended, modified and terminated at any time, on a prospective basis, by the Company’s Board of Directors in its sole and absolute discretion. 
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Revised November 4, 2020
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Exhibit 10.9

ATTACHMENT A
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	A.	Equity Awards

1.Annual Equity Amount$55,000
2.Lead Director’s Equity Annual Amount$20,600

	B.	Cash Payments

1.Directors’ Annual Cash Retainer$51,000
2.Lead Director’s Annual Cash Retainer$10,300
3.Audit Committee Chair Annual Cash Retainer$15,000
4.Compensation Committee Chair Annual Retainer$12,000
5.Governance and Nominating Committee
Chair Annual Retainer$12,000
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6.Audit Committee Member Annual Retainer$ 8,000
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7.Compensation Committee Member Annual 
Retainer$ 6,000
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8.Governance and Nominating Committee Member
Annual Retainer$ 6,000

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​Exhibit 10.11

FIRST AMENDMENT TO
FIRST AMENDED AND RESTATED
CREDIT AGREEMENT
This First Amendment to First Amended and Restated Credit Agreement (“Amendment”), dated as of March 6, 2020, is made by and among HSBC BANK USA, NATIONAL ASSOCIATION, as Administrative Agent (in such capacity, “Agent”), the Lenders (as defined in the Credit Agreement, as defined below), and ALLIED MOTION TECHNOLOGIES INC. (“Allied Inc.”) and ALLIED MOTION TECHNOLOGIES B.V. (“Allied B.V.” and collectively with Allied Inc., the “Borrowers”).
Statement of the Premises
The Agent, the Lenders, the Borrowers, HSBC Securities (USA) Inc., KeyBank National Association and Wells Fargo Bank, National Association, as joint lead arrangers, have previously entered into a First Amended and Restated Credit Agreement dated as of February 12, 2020 (the “Credit Agreement”).  All capitalized terms not otherwise defined in this Amendment have the meanings given them in the Credit Agreement.
The Borrowers have advised the Agent and the Lenders that a new Subsidiary, Allied Motion Christchurch Limited was formed to purchase all of the shares of capital stock of Dynamic Controls, a New Zealand incorporated unlimited company (“Dynamic Limited”) and a 1% interest in the share capital of Dynamic Europe Limited, a private limited company organized under the laws of the United Kingdom (the “Acquisition”).  The remaining 99% interest in the share capital of Dynamic Europe Limited is directly owned by Dynamic Limited.
In connection with the Acquisition, the Borrowers have requested that the Agent and the Lenders agree to amend certain terms set forth in the Credit Agreement.
The Agent and the Lenders have agreed to amend the Credit Agreement on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth herein, and of the loans or other extensions of credit heretofore, now or hereafter made by the Lenders to, or for the benefit of, the Borrowers, the parties hereto agree as follows:
1.Conditions Precedent to this Amendment.  This Amendment shall be effective as of the date first written above once the following conditions precedent are satisfied:
1.1Amendment Documentation.  The Agent shall have received an original of this Amendment executed by the Borrowers and the Required Lenders.
1.2No Default.  As of the date hereof, no Default or Event of Default shall have occurred and be continuing.

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1.3Representations and Warranties.  The representations and warranties contained in the Credit Agreement shall be true, correct and complete as of the date hereof as though made on such date, except to the extent such representations and warranties are expressly limited to a specific date.

2.Amendments.  Schedule 7.01 entitled “Existing Liens” is amended to add the following:

	Dynamic Controls
	Pledge of account number 007-006414-058 with The Hongkong and Shanghai Banking Corporation Limited to secure a $150,000 NZD credit card line (such credit cards being issued by ANZ Bank) and a local bank encashment of up to $1,000 NZD.

3.Reaffirmations.  The Borrowers hereby acknowledge and reaffirm the execution and delivery of the Security Documents to which they are parties and agree that such Security Documents shall continue in full force and effect and continue to secure the Obligations, including all indebtedness of the Borrowers to the Agent, the Lenders and the Issuing Bank arising under or in connection with the Credit Agreement, as amended hereby, and any renewal, extension or modification thereof.
4.Representations and Warranties.  Each Borrower makes the following representations and warranties to the Agent and the Lenders which shall be deemed to be continuing representations and warranties so long as any Obligations, including indebtedness of either Borrower to Agent or the Lenders arising under the Credit Agreement or any Loan Documents, remain unpaid:

(a)Authorization.  Such Borrower has full power and authority to execute, deliver and perform this Amendment, which has been duly authorized by all proper and necessary action.  The execution and delivery of this Amendment by such Borrower will not violate the provisions of, or cause a default under, such Borrower’s Organizational Documents or any agreement to which such Borrower is a party or by which it or its assets are bound.
(b)Binding Effect.  This Amendment has been duly executed and delivered by such Borrower and constitutes the legal, valid and binding obligation of such Borrower enforceable in accordance with its terms, except as enforceability may be limited by applicable Debtor Relief Laws.
(c)Consents; Governmental Approvals.  No consent, approval or authorization of, or registration, declaration or filing with, any governmental body or authority or any other party is required in connection with the valid execution, delivery or performance of this Amendment or any other document executed and delivered herewith or in connection with any other transactions contemplated hereby.

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(d)No Events of Default.  There is, on the date hereof, no event or condition which constitutes an Event of Default under any of the Loan Documents or which, with notice and/or the passage of time, would constitute an Event of Default.
(e)No Material Misstatements.  Neither this Amendment nor any document delivered to the Agent or the Lenders by or on behalf of such Borrower to induce the Agent and the Lenders to enter into this Amendment or otherwise in connection with this Amendment contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements herein or therein not misleading in light of the circumstances in which they were made.
(f)Credit Agreement.  The representations and warranties of such Borrower set forth in Article 5 of the Credit Agreement are true and correct on and as of the date hereof with the same force and effect as if made on and as of such date.

5.Conditions of Effectiveness.  This Amendment shall become effective when and only when the Agent shall have received counterparts of this Amendment executed by the Borrowers, the Agent and the Required Lenders.
6.Reference to and Effect on Loan Documents.

(a)Upon the effectiveness hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the Loan Documents to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment.
(b)The Credit Agreement, as amended by this Amendment, represents the entire understanding and agreement between the parties hereto with respect to the subject matter hereof.  This Amendment supersedes all prior negotiations and any course of dealing between the parties with respect to the subject matter hereof.  This Amendment shall be binding upon each Borrower and its successors and assigns, and shall inure to the benefit of, and be enforceable by, the Agent, the Lenders and each of their successors and assigns.  The Credit Agreement, as amended hereby, is in full force and effect and, as so amended, is hereby ratified and reaffirmed in its entirety.  Each Borrower acknowledges and agrees that the Credit Agreement (as amended by this Amendment) and all other Loan Documents to which such Borrower is a party are in full force and effect, that such Borrower’s obligations thereunder and under this Amendment are its legal, valid and binding obligations, enforceable against it in accordance with the terms thereof and hereof, and that such Borrower has no defense, whether legal or equitable, setoff or counterclaim to the payment and performance of such obligations.
(c)Except as specifically set forth in this Amendment, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or the Lenders under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.

7.Costs and Expenses.  Borrowers agree to pay on demand all costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this 

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Amendment, including the fees and out-of-pocket expenses of counsel for the Agent and the Lenders.
8.Governing Law.  This Amendment shall be governed and construed in accordance with the laws of the State of New York without regard to any conflicts-of-laws rules which would require the application of the laws of any other jurisdiction.
9.Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
10.Execution in Counterparts.  This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same agreement.  This Amendment, to the extent signed and delivered by means of a facsimile machine or e-mail scanned image, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties.  No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or e-mail scanned image to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or by e-mail as a defense to the formation of a contract and each party forever waives such defense.

[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective representatives thereunto duly authorized, as of the date first above written.
ALLIED MOTION TECHNOLOGIES INC.
By:/s/ Michael R. Leach​ ​​ ​​ ​​ ​
Name:Michael R. Leach
Title:Chief Financial Officer
ALLIED MOTION TECHNOLOGIES B.V.
By:  /s/ H. R. Nugteren​ ​​ ​​ ​
Name: H. R. Nugteren
Title:Director
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[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
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ADMINISTRATIVE AGENT:
HSBC BANK USA, NATIONAL
ASSOCIATION, AS ADMINISTRATIVE AGENT
By: /s/ Daniel Gonzales​ ​​ ​​ ​
Name:Daniel Gonzales
Title:AVP
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[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
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LENDERS:
HSBC BANK USA, NATIONAL
ASSOCIATION, AS A LENDER, L/C ISSUER
By:/s/Alex Caldiero​ ​​ ​​ ​​ ​
Name:Alex Caldiero
Title:  VP Global Relationship Manager
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[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
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KEYBANK NATIONAL ASSOCIATION
By:  /s/ Mark F. Wachowiak​ ​​ ​​ ​
Name:Mark F. Wachowiak
Title:SVP

[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
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WELLS FARGO BANK, NATIONAL ASSOCIATION
By:  /s/ Andrew Zielinski​ ​​ ​​ ​​ ​
Name:  Andrew Zielinski
Title:    SVP
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[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
12166650.1​

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CITIZENS BANK, N.A.
By:  /s/ Edmund E. Mielcarek Jr.​ ​​ ​​ ​
Name:Edmund E. Mielcarek Jr.
Title:Sr. Vice President
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[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
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JPMORGAN CHASE BANK, N.A.
By:  /s/ Karen L. Mikols​ ​​ ​​ ​​ ​
Name:  Karen L. Mikols
Title:    Authorized Officer

[Signature Page to First Amendment to First Amended and Restated Credit Agreement]
12166650.1​

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