Document:

EX-10.10

 Exhibit 10.10 

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

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

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

  
 1 

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

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

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

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

  
 2 

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

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

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

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

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

 

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

1 River Road, Building 53

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

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

8501 N. Scottsdale Rd., Suite 280

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

[...***...]
	  	

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

  
 4 

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

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

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

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

  
 5 

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

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

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

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

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

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

  
 6 

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

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

10. NEW COMPONENTS; EXTENSION OF LENGTHS OF COMPONENTS. 

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

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

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

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

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

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

					
	Date:	 	  
	 		 	Date:	 	October 18, 2013

  
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 ATTACHMENTS 

Appendix 1: Description, Quantity and Price List of Components 

Appendix la: Minimum October Orders 

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

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

Appendix 1d: Seller Provided Tooling List 

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

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

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

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

  
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 Appendix 1 

Description, Quantity and Price List of Components 

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

															
	  	 	  	 	 [...***...]

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

Capacity
	 	 Minimum

Volume

Obligation

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

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

Year

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

with Reduced

Minimum Volume

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

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

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

[...***...] 

  
 12 

 [...***...] 

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

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

  
 13 

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

  
 14 

 Appendix 1a 
  

			
	 Purchase Time

Period
	 	
Minimum
 October

Orders

	 2015
	 	95
	 2016
	 	95

  
 15 

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

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

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

  
 16 

 [...***...] 

  
 17 

 [...***...] 

  
 18 

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

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

  
 19 

 [...***...] 

  
 20 

 [...***...] 

  
 21 

 Appendix 1d: Seller Provided Tooling list 

SELLER PROVIDED TOOLING BILL OF MATERIALS  
  

 

  
 22 

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

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

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

  
 23 

 [...***...] 

  
 24 

 [...***...] 

  
 25 

 Appendix 1f 

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

[...***...] 

  
 26 

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

[...***...] 

  
 27 

 Appendix 2 

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

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

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

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

  
 28 

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

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

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

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

  
 29 

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

  
 30 

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

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

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

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

  
 31 

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

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

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

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

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

  
 32 

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

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

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

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

  
 33 

 12. INDEMNITY AND INSURANCE. 

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

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

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

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

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

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

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

  
 35 

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

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

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

  
 36 

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

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

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

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

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

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

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

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

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

  
 38 

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

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

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

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

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

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

  
 39 

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

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

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

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

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

  
 40 

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

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

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

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

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

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

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

  
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 Appendix 3 

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

A Message from GE Power & Water 

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

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

The Guide is divided into four sections: 
  

	•	 	GE Code of Conduct 

  

	•	 	GE Compliance Obligations 

  

	•	 	Responsibilities of GE Suppliers 

  

	•	 	How to Raise an Integrity Concern 

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

 

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

 GE Code of Conduct 

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

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

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

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

  

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

  

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

  

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

  

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

  

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

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

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

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

  

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

  

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

INTERNATIONAL TRADE CONTROLS 
  

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

  

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

 

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

 MONEY LAUNDERING PREVENTION 

 

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

  
 44 

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

PRIVACY 
  

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

 

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

 SUPPLIER RELATIONSHIPS 
  

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

  

	•	 	Follow applicable laws and government regulations covering supplier relationships. 

  

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

REGULATORY EXCELLENCE 
  

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

 

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

  

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

  

	•	 	Always treat regulators professionally and with courtesy and respect. 

  

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

WORKING WITH GOVERNMENTS 
  

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

  

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

  

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

  

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

  

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

COMPLYING WITH COMPETITION LAWS 
  

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

  

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

  

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

ENVIRONMENT, HEALTH & SAFETY 
  

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

 

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

  
 45 

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

 

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

 FAIR EMPLOYMENT PRACTICES 
  

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

 SECURITY AND CRISIS
MANAGEMENT 
  

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

  

	•	 	Protect access to GE facilities from unauthorized personnel. 

  

	•	 	Protect IT assets from theft or misappropriation. 

  

	•	 	Create and maintain a safe working environment. 

  

	•	 	Ensure proper business continuity plans are prepared for emergencies. 

  

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

  

	•	 	Report any apparent security lapses. 

 CONFLICTS OF INTEREST 

 

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

 

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

 

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

 CONTROLLERSHIP 
  

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

 

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

  

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

 INSIDER TRADING OR DEALING & STOCK TIPPING 

 

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

 

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

  
 46 

 INTELLECTUAL PROPERTY 
  

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

  

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

  

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

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

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

  

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

 

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

  

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

  

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

  

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

  

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

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

 

	•	 	Human Rights. 

  

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

  

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

  

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

 

	—	Failure to prohibit discrimination, harassment and retaliation. 

  
 47 

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

 

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

  

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

  

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

  

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

 

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

 

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

  

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

  

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

 

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

  

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

  

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

 

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

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

  
 48 

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

How to Raise an Integrity Concern 

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

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

  

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

  

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

  

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

 

	 	•	 	By emailing [...***...] or 

  

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

 

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

  
 49 

 December 22, 2015 

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

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

8501 North Scottsdale Road 
 Gainey Center II, Suite 280 

Scottsdale, AZ 85253 
 Re: Letter Agreement 

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

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

 

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

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

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

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

 EXHIBIT 1 
  

	I.	2014 / 2015 

  

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

 

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

 

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

  

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

  

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

  

	IV.	Price & Volume 

  

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

 

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

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

  

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

  

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

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

  

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

 

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

  

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

  

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

  

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

  

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

  

	IX.	Storage Yard 

  

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

  

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

 

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

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

  

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

  

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

 Attachment A 

Component Price, Guaranteed Capacity, and Minimum Volume Obligation 

[...***...] 

 Attachment B 

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

 Attachment C 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 Attachment D 

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

RECITALS: 

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

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

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

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

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

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

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

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

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

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

			
	 GE
	  	 Guarantor

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

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

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 

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

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

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

	Title:	 	[...***...]
	Date:	 	1/27/2016EX-10.11

 Exhibit 10.11 

NET LEASE AGREEMENT 

(Build-to-Suit) 
 Opus
Northwest, L.L.C., a Delaware limited liability company 
 Landlord 

and 
 TPI Iowa, LLC, a
Delaware limited liability company 
 Tenant 

Dated: November 13, 2007 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEMISE AND TERM OF LEASE
	  	 	1	  
	 Section 1.1
	 	 Demise
	  	 	1	  
	 Section 1.2
	 	 Representations of Landlord
	  	 	1	  
	 Section 1.3
	 	 Term of Lease
	  	 	2	  
	 Section 1.4
	 	 Extension Terms
	  	 	2	  
	 ARTICLE II CONSTRUCTION OF IMPROVEMENTS
	  	 	3	  
	 Section 2.1
	 	 Plans and Specifications
	  	 	3	  
	 Section 2.2
	 	 Permit Dates; Tenant Change Orders
	  	 	4	  
	 Section 2.3
	 	 Bidding Process
	  	 	4	  
	 Section 2.4
	 	 Construction of the Initial Improvements
	  	 	5	  
	 Section 2.5
	 	 Tenant Delay and Force Majeure Delays
	  	 	6	  
	 Section 2.6
	 	 Substantial Completion of the Initial Improvements
	  	 	7	  
	 Section 2.7
	 	 Construction Guaranty
	  	 	8	  
	 Section 2.8
	 	 Landlord’s Indemnity
	  	 	8	  
	 Section 2.9
	 	 Insurance During Construction
	  	 	8	  
	 Section 2.10
	 	 Possession of Demised Premises
	  	 	9	  
	 Section 2.11
	 	 Tenant’s Representative
	  	 	10	  
	 ARTICLE III BASIC RENT
	  	 	10	  
	 Section 3.1
	 	 Amount of Basic Rent
	  	 	10	  
	 Section 3.2
	 	 Records
	  	 	10	  
	 Section 3.3
	 	 Additional Rent
	  	 	11	  
	 Section 3.4
	 	 Method of Payment
	  	 	11	  
	 Section 3.5
	 	 Delinquent Payments
	  	 	11	  
	 Section 3.6
	 	 Independent Obligations
	  	 	12	  
	 Section 3.7
	 	 Guaranty
	  	 	12	  
	 ARTICLE IV USE OF DEMISED PREMISES
	  	 	12	  
	 Section 4.1
	 	 Permitted Use
	  	 	12	  
	 Section 4.2
	 	 Preservation of Demised Premises
	  	 	12	  
	 Section 4.3
	 	 Acceptance of Demised Premises
	  	 	13	  
	 ARTICLE V PAYMENT OF TAXES, ASSESSMENTS, ETC.
	  	 	13	  
	 Section 5.1
	 	 Payment of Impositions
	  	 	13	  
	 Section 5.2
	 	 Tenant’s Right to Contest Impositions
	  	 	14	  
	 Section 5.3
	 	 Levies and Other Taxes
	  	 	14	  
	 Section 5.4
	 	 Evidence of Payment
	  	 	15	  
	 Section 5.5
	 	 Landlord’s Right to Contest Impositions
	  	 	15	  
	 ARTICLE VI INSURANCE
	  	 	15	  
	 Section 6.1
	 	 Tenant’s Casualty Insurance Obligations
	  	 	15	  
	 Section 6.2
	 	 Tenant’s Liability and Other Insurance Coverage
	  	 	16	  
	 Section 6.3
	 	 Insurance Provisions
	  	 	16	  
	 Section 6.4
	 	 Waiver of Subrogation
	  	 	17	  
	 Section 6.5
	 	 Tenant’s Additional Insurance Coverage
	  	 	17	  
	 Section 6.6
	 	 Unearned Premiums
	  	 	17	  
	 Section 6.7
	 	 Blanket Insurance Coverage
	  	 	17	  
	 ARTICLE VII UTILITIES
	  	 	17	  
	 Section 7.1
	 	 Payment of Utilities
	  	 	17	  
	 Section 7.2
	 	 Additional Charges
	  	 	18	  
	 ARTICLE VIII REPAIRS
	  	 	18	  
	 Section 8.1
	 	 Tenant’s Repairs
	  	 	18	  
	 Section 8.2
	 	 Maintenance
	  	 	18	  
	 Section 8.3
	 	 Tenant’s Waiver of Claims Against Landlord
	  	 	18	  
	 Section 8.4
	 	 Prohibition Against Waste
	  	 	18	  

  
 i 

							
	 Section 8.5
	 	 Landlord’s Right to Effect Repairs
	  	 	19	  
	 Section 8.6
	 	 Misuse or Neglect
	  	 	19	  
	 Section 8.7
	 	 Landlord’s Repair Obligations
	  	 	19	  
	 ARTICLE IX COMPLIANCE WITH LAWS AND ORDINANCES
	  	 	20	  
	 Section 9.1
	 	 Compliance with Laws and Ordinances
	  	 	20	  
	 Section 9.2
	 	 Compliance with Permitted Encumbrances
	  	 	20	  
	 Section 9.3
	 	 Tenant’s Obligations
	  	 	20	  
	 Section 9.4
	 	 Tenant’s Right to Contest Laws and Ordinances
	  	 	21	  
	 Section 9.5
	 	 Compliance with Hazardous Materials Laws
	  	 	21	  
	 Section 9.6
	 	 Hazardous Materials Representation and Indemnification by Landlord
	  	 	22	  
	 Section 9.7
	 	 Cost of Compliance with Hazardous Materials Laws
	  	 	23	  
	 Section 9.8
	 	 Discovery of Hazardous Materials
	  	 	23	  
	 Section 9.9
	 	 Indemnification
	  	 	23	  
	 Section 9.10
	 	 Environmental Audits
	  	 	23	  
	 Section 9.11
	 	 Acts or Omissions Regarding Hazardous Materials
	  	 	24	  
	 Section 9.12
	 	 Survival
	  	 	24	  
	 ARTICLE X MECHANIC’S LIENS AND OTHER LIENS
	  	 	24	  
	 Section 10.1
	 	 Freedom from Liens
	  	 	24	  
	 Section 10.2
	 	 Landlord’s Indemnification
	  	 	24	  
	 Section 10.3
	 	 Removal of Liens
	  	 	25	  
	 ARTICLE XI INTENT OF PARTIES
	  	 	25	  
	 Section 11.1
	 	 Net Lease
	  	 	25	  
	 Section 11.2
	 	 Entry by Landlord
	  	 	25	  
	 Section 11.3
	 	 Interest on Unpaid Amounts
	  	 	25	  
	 ARTICLE XII DEFAULTS; REMEDIES
	  	 	26	  
	 Section 12.1
	 	 Events of Default
	  	 	26	  
	 Section 12.2
	 	 Remedies
	  	 	26	  
	 Section 12.3
	 	 Legal Costs
	  	 	27	  
	 Section 12.4
	 	 Landlord’s Default
	  	 	27	  
	 Section 12.5
	 	 No Waiver
	  	 	28	  
	 Section 12.6
	 	 Waiver by Tenant
	  	 	28	  
	 ARTICLE XIII DESTRUCTION AND RESTORATION
	  	 	29	  
	 Section 13.1
	 	 Destruction and Restoration
	  	 	29	  
	 Section 13.2
	 	 Application of Insurance Proceeds
	  	 	29	  
	 Section 13.3
	 	 Continuance of Tenant’s Obligations
	  	 	30	  
	 Section 13.4
	 	 Completion of Restoration
	  	 	30	  
	 ARTICLE XIV CONDEMNATION
	  	 	30	  
	 Section 14.1
	 	 Condemnation of Entire Demised Premises
	  	 	30	  
	 Section 14.2
	 	 Partial Condemnation/Termination of Lease
	  	 	30	  
	 Section 14.3
	 	 Partial Condemnation/Continuation of Lease
	  	 	31	  
	 Section 14.4
	 	 Continuance of Obligations
	  	 	32	  
	 Section 14.5
	 	 Tenant’s Participation
	  	 	32	  
	 ARTICLE XV ASSIGNMENT, SUBLETTING, ETC.
	  	 	32	  
	 Section 15.1
	 	 Restriction on Transfer
	  	 	32	  
	 Section 15.2
	 	 Permitted Transfers and Occupants
	  	 	33	  
	 Section 15.3
	 	 Restriction From Further Assignment
	  	 	33	  
	 Section 15.4
	 	 Landlord’s Termination Rights
	  	 	34	  
	 Section 15.5
	 	 Tenant’s Failure to Comply
	  	 	34	  
	 Section 15.6
	 	 Tenant’s Financing
	  	 	34	  
	 ARTICLE XVI SUBORDINATION, NONDISTURBANCE, NOTICE TO MORTGAGEE AND ATTORNMENT
	  	 	36	  
	 Section 16.1
	 	 Subordination by Tenant
	  	 	36	  
	 Section 16.2
	 	 Landlord’s Default
	  	 	36	  
	 Section 16.3
	 	 Attornment
	  	 	37	  
	 ARTICLE XVII SIGNS
	  	 	37	  
	 Section 17.1
	 	 Tenant’s Signs
	  	 	37	  

  
 ii 

							
	 ARTICLE XVIII REPORTS BY TENANT
	  	 	37	  
	 Section 18.1
	 	 Annual Statements
	  	 	37	  
	 ARTICLE XIX CHANGES AND ALTERATIONS
	  	 	37	  
	 Section 19.1
	 	 Tenant’s Changes and Alterations
	  	 	37	  
	 ARTICLE XX MISCELLANEOUS PROVISIONS
	  	 	39	  
	 Section 20.1
	 	 Entry by Landlord
	  	 	39	  
	 Section 20.2
	 	 Exhibition of Demised Premises
	  	 	39	  
	 Section 20.3
	 	 Indemnification by Tenant
	  	 	39	  
	 Section 20.4
	 	 Notices
	  	 	40	  
	 Section 20.5
	 	 Quiet Enjoyment
	  	 	40	  
	 Section 20.6
	 	 Landlord’s Continuing Obligations
	  	 	40	  
	 Section 20.7
	 	 Confidentiality
	  	 	41	  
	 Section 20.8
	 	 Estoppel
	  	 	41	  
	 Section 20.9
	 	 Authority
	  	 	42	  
	 Section 20.10
	 	 Severability
	  	 	42	  
	 Section 20.11
	 	 Successors and Assigns
	  	 	42	  
	 Section 20.12
	 	 Captions
	  	 	42	  
	 Section 20.13
	 	 Relationship of Parties
	  	 	42	  
	 Section 20.14
	 	 Entire Agreement
	  	 	43	  
	 Section 20.15
	 	 No Merger
	  	 	43	  
	 Section 20.16
	 	 Possession and Use
	  	 	43	  
	 Section 20.17
	 	 No Surrender During Lease Term
	  	 	43	  
	 Section 20.18
	 	 Surrender of Demised Premises
	  	 	43	  
	 Section 20.19
	 	 Holding Over
	  	 	44	  
	 Section 20.20
	 	 Landlord Approvals
	  	 	44	  
	 Section 20.21
	 	 Survival
	  	 	44	  
	 Section 20.22
	 	 Attorneys’ Fees
	  	 	44	  
	 Section 20.23
	 	 Limited Liability
	  	 	44	  
	 Section 20.24
	 	 Broker
	  	 	44	  
	 Section 20.25
	 	 Governing Law
	  	 	45	  
	 Section 20.26
	 	 Joint and Several Liability
	  	 	45	  
	 Section 20.27
	 	 Time is of the Essence
	  	 	45	  
	 Section 20.28
	 	 Acquisition Contingency
	  	 	45	  
	 Section 20.29
	 	 Memorandum of Lease
	  	 	45	  

  

			
	Exhibit “A”	  	Legal Description
	Exhibit “B”	  	Outline Plans and Specifications
	Exhibit “C”	  	Final Plans and Specifications
	Exhibit “D”	  	Total Project Costs
	Exhibit “D-1”	  	Cost of Work
	Exhibit “D-2”	  	Cost of Additional Design Services
	Exhibit “D-3”	  	Preliminary Budget of Total Project Costs
	Exhibit “E”	  	Form of Financing Estoppel Certificate
	Exhibit “F”.	  	Form of Purchaser Estoppel Certificate
	Exhibit “G”	  	Permitted Encumbrances
	Exhibit “H”	  	Form of Guaranty of Lease
	Exhibit “I”	  	Form of Subordination, Non-Disturbance and Attornment Agreement
	Exhibit “J”	  	Items of Property Tenant May Remove (to be attached at same time as completion of Punchlist)
	Exhibit “K”	  	Form of Landlord’s Agreement
	Exhibit “L”	  	Form of Memorandum of Lease

  
 iii 

 NET LEASE AGREEMENT 

THIS NET LEASE AGREEMENT (“Lease”), made this 13th day of November, 2007, by and between Opus Northwest, L.L.C., a
Delaware limited liability company (“Landlord”), and TPI Iowa, LLC, a Delaware limited liability company (“Tenant”). 

WITNESSETH: 
 ARTICLE I

 DEMISE AND TERM OF LEASE 
  

	 	Section 1.1	Demise. 

 Landlord, for and in consideration of the rents, covenants and agreements
hereinafter reserved, mentioned and contained on the part of Tenant, its successors and assigns, to be paid, kept, observed and performed, has leased, rented, let and demised, and by these presents does lease, rent, let and demise unto Tenant, and
Tenant does hereby take and hire, upon and subject to the conditions and limitations hereinafter expressed, all that parcel of land consisting of approximately 33.7 acres, situated in the City of Newton (the “City”), County of
Jasper (the “County”) and State of Iowa, described in Exhibit “A” attached hereto and made a part hereof, together with any appurtenant easements described in said Exhibit “A” (the “Land”),
together with all improvements located on and to be constructed thereon, including without limitation, an approximately 316,810 square foot industrial building (the “Building”) and the other Initial Improvements (as hereinafter
defined), and all equipment, machinery, building fixtures, and other items of property (whether realty, personalty or mixed), including all components thereof, now or hereafter located in, on or used in connection with, and permanently affixed to or
incorporated into the Improvements (as hereinafter defined), including, without limitation, roofs and roof membranes, furnaces, boilers, heaters, electrical equipment, fire and theft protection equipment, and all sanitary, sprinkler, utility,
sewage, drainage, power, plumbing, cleaning, fire prevention, heating, refrigeration, ventilating, and air cooling systems, apparatus and equipment and any and all renewals and replacements of any thereto, whether presently installed or installed
after the date of this Lease, all of which, to the greatest extent permitted by law, are hereby deemed by the parties hereto to constitute realty, together with all replacements, modifications, alterations and additions thereto (collectively, the
“Building Equipment”). All improvements, including the Building and other Initial Improvements, Building Equipment and other property (except Tenant’s Removable Property as hereinafter defined) installed or located on the Land,
together with all additions, alterations and replacements thereof, are hereinafter referred to collectively as the “Improvements.” The Land and the Improvements are hereinafter referred to as the “Demised Premises.”
The Demised Premises are subject to the easements, restrictions, reservations and all other encumbrances now or hereafter recorded against the Land. 
  

	 	Section 1.2	Representations of Landlord. 

 Landlord hereby represents and warrants to Tenant that:

 (a) To the best of Landlord’s knowledge, there is no eminent domain or similar proceeding pending or contemplated with respect to
or affecting the Demised Premises; 
 (b) Landlord has obtained, or shall in due course obtain, all permits, approvals and governmental
consents required for the construction of the Initial Improvements substantially in accordance with the Final Plans and Specifications (as hereinafter defined), and shall deliver true, correct and complete copies thereof to Tenant. Landlord knows of
no reason why any permits or approvals needed for the construction of the Initial Improvements contemplated herein should not be issued in the normal course; 

(c) The Initial Improvements, when constructed, shall comply in all material respects with applicable laws, regulations or other legal or
record requirements (including, without limitation, zoning, building code, and recorded restrictions affecting the Land); and 

  
 1 

 (d) If the acquisition contingency set forth in Section 20.28 is satisfied, then Landlord
shall acquire fee simple title to the Demised Premises, subject, to the best of Landlord’s knowledge, only to the Permitted Encumbrances (as hereinafter defined). From and after the date hereof through the expiration of the Term of this Lease,
Landlord shall not enter into any easements, covenants or restrictions affecting the Demised Premises without Tenant’s consent, which consent, with respect to any such easement, covenant or restriction shall not be unreasonably withheld,
delayed or conditioned, provided such easements do not materially and adversely affect Tenant’s ability to use the Premises for the Primary Intended Use (as hereinafter defined), and shall be deemed given if Tenant fails to give Landlord
written notice of Tenant’s granting or denial of Tenant’s consent thereto within five (5) days after Tenant’s receipt of Landlord’s request for such consent, accompanied by a copy of any such easement, covenant or
restriction; provided, however, Tenant’s consent shall not be required with respect to any easement, covenant or restriction which may be required by any applicable governmental or quasi-governmental authority or by a provider of necessary
utility services, or with respect to any matter required for Landlord to perform its obligations under this Lease and which does not adversely affect Tenant’s ability to use the Demised Premises for the Primary Intended Use, and in any case,
Tenant shall consent and subordinate its leasehold interest to the same. 
 For purposes of this Lease, the phrase “to the best of Landlord’s
knowledge”, “knowledge”, “knows” or words of similar import shall mean the actual knowledge of Thomas G. Shaver, as Vice President — Real Estate Development, of Opus Northwest, L.L.C., and Jeff Smith, as Director –
Project Management, of Opus Northwest, L.L.C., each without independent inquiry or investigation. Landlord represents and warrants that the foregoing individuals are the representatives of Landlord most familiar with the Demised Premises. 

 

	 	Section 1.3	Term of Lease. 

 The initial term of this Lease shall commence on the date (the
“Commencement Date”) the Initial Improvements are Substantially Completed (as hereinafter defined), and shall end on the last day of the one hundred twentieth (120th) full
calendar month thereafter. The initial term of the Lease, as set forth above, is sometimes hereinafter referred to as the “Initial Term.” Any reference to the “term” of this Lease or similar reference shall be a reference
to the Initial Term together with any Extension Terms (as herein defined), if any, of this Lease or any extensions to or modifications of the Initial Term. 
  

	 	Section 1.4	Extension Terms. 

 Tenant shall have the right, subject to the subject to the provisions
hereinafter provided, to extend the Initial Term for all of the Demised Premises for two (2) periods of five (5) years each (the first such 5-year period is sometimes hereinafter referred to as the “First Extension Term”;
the second such 5-year period is sometimes hereinafter referred to as the “Second Extension Term;” the First Extension Term and the Second Extension Term are sometimes hereinafter collectively referred to as the “Extension
Terms” and individually as an “Extension Term”) on the terms and provisions of this Article provided: 
 (a) That
this Lease is in full force and effect and Tenant is not in default in the performance of any of the terms, covenants and conditions herein contained beyond all applicable notice and cure periods at the time of exercise of the right of extension and
at the time set for commencement of the Extension Term, but Landlord shall have the right at its sole discretion to waive this condition. 

(b) That such Extension Term shall be upon the same terms, covenants and conditions as provided in this Lease; provided, however, the annual
Basic Rent for such Extension Term shall be equal to the ninety-five percent (95%) of the “market rate basic rent” (as hereinafter defined) as in effect twelve (12) months prior to commencement of each such Extension Term,
determined in accordance with Paragraph (e) below. Upon determination of the Basic Rent rate for each exercised Extension Term, the parties shall execute an amendment to this Lease to establish and evidence such Basic Rent rate. 

(c) That Tenant shall exercise its right to the Extension Term provided herein, if at all, by notifying Landlord in writing of its election
to exercise the right to extend the term at least twelve (12) months prior to the then-scheduled expiration of the term. 

  
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 (d) That failure by Tenant to exercise the First Extension Term shall constitute a waiver by
Tenant of the Second Extension Term. 
 (e) “Market rate basic rent” shall mean the Basic Rent rate at which the Demised Premises
would be expected to be leased for a five (5) year extension term commencing on the first day of such Extension Term, in its then-existing condition, in an arm’s-length transaction between a willing lessor and lessee in the industrial
space submarket within a fifty (50) mile radius of the Demised Premises, as existing at the time such rate is established, and considering tenant inducements for comparable space in comparable existing buildings, the expense stops and other
escalation bench marks which affect rent, and the size, location, area and nature of the improvements. If Tenant properly exercises its option to a Extension Term, Landlord and Tenant shall attempt to agree as to the market rate basic rent within
sixty (60) days after Tenant exercises such option. If Landlord and Tenant do not agree in writing as to the market rate basic rent by such date, then Tenant may elect to (x) rescind its exercise of the option or (y) to determine the
market rate basic rent by binding “baseball” arbitration, in accordance with the following provisions. If Tenant fails to notify Landlord of its election within such 60-day period, then Tenant shall be deemed to have elected to determine
the market rate basic rent by arbitration and Tenant’s “appraiser” in the arbitration procedure shall be determined as provided in the following provisions. 

If Tenant elects to proceed with arbitration as provided above, Tenant’s notice setting forth such election shall include the name,
address and professional qualifications of the person designated to act as appraiser on Tenant’s behalf. Within ten (10) days after service of such notice (or deemed notice), Landlord shall give written notice to Tenant specifying the
name, address and professional qualifications of the person designated to act as appraiser on Landlord’s behalf. The two (2) appraisers shall, within ten (10) days after selection of the second appraiser, select an arbitrator. All
appraisers and the arbitrator appointed hereunder shall be MAI members of the Appraisal Institute with not less than ten (10) years of experience in the appraisal of improved industrial real estate in the greater Des Moines, Iowa metropolitan
area, and be devoting substantially all of their time to professional appraisal work at the time of appointment, and be in all respects impartial and disinterested. The market rate basic rent determined by each appraiser shall be given within a
period of thirty (30) days after the appointment of the arbitrator. Each party shall pay the fees and expenses of the appraiser appointed by or on behalf of such party and the fees and expenses of the arbitrator shall be borne equally by both
parties. If a party fails to appoint its appraiser within the time above specified, or if the two (2) appraisers so selected cannot agree on the selection of the arbitrator within the time above specified, then either party, on behalf of both
parties, may request such appointment of such second appraiser or the arbitrator, as the case may be, by application to any Judge of the District Court of the County, upon ten (10) days’ prior written notice to the other party of such
intent. If the appraisers do not agree as to the market rate basic rent, then the arbitrator shall determine market rate basic rent by selecting the market rate basic rent proposed by one of the two appraisers. Any determination by the arbitrator
shall be made no later than thirty (30) days following delivery of each appraisal and shall be final, binding and conclusive upon the parties. 

ARTICLE II 
 CONSTRUCTION
OF IMPROVEMENTS 
  

	 	Section 2.1	Plans and Specifications. 

 Promptly after approval of the Final Plans and Specifications
by Landlord and Tenant as provided below and Landlord’s receipt of a building permit for the Initial Improvements, Landlord shall commence and exercise all reasonable efforts to cause to be completed the improvements shown on the Final Plans
and Specifications, including all labor, materials, tools, equipment, machinery, utilities, facilities and services necessary to construct such improvements (the “Initial Improvements”). Landlord and Tenant have agreed to the
Outline Plans and Specifications which are listed in Exhibit “B” attached hereto and made a part hereof (“Outline Plans and Specifications”). Landlord agrees to cause final plans and specifications (“Final Plans
and Specifications”) to be prepared in accordance with the Outline Plans and Specifications and to submit the same to Tenant for its approval. Tenant agrees that it will not withhold its approval except for just and reasonable cause and
will not act in an arbitrary or capricious manner with respect to the approval of the Final Plans and Specifications, provided such Final Plans and Specifications are consistent with the Outline Plans and Specifications. Tenant shall approve or
disapprove the Final Plans and Specifications within five (5) business days after receipt of same, and if Tenant fails to approve or disapprove same within such five (5) business day period, such failure shall constitute a Tenant Delay.

  
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 Tenant’s review or approval of the Outline Plans and Specifications and the Final Plans and Specifications
or any other documents relating to the Initial Improvements shall create no responsibility or liability on the part of Tenant for their completeness, design, sufficiency, or compliance with any laws, rules, orders, ordinances, directions,
regulations or requirements of any federal, state, county or municipal authorities. The Final Plans and Specifications shall be approved by Landlord and Tenant by affixing thereon the signature or initials of an authorized officer or employee of
each of the respective parties hereto and a complete description thereof shall be attached to each party’s copy of this Lease and made a part hereof as Exhibit “C”. Such Exhibit “C” shall be in lieu of and shall replace
Exhibit “B” except as to nonconstruction matters contained in Exhibit “B”, such as allowances and exclusions not expressly and specifically superseded by Exhibit “C”. The signature of an authorized officer or employee
shall be deemed conclusive evidence of the approval indicated by such signature. Landlord agrees to appoint competent personnel to work with Tenant in the preparation of the Final Plans and Specifications and Tenant agrees to appoint an officer or
employee of Tenant to work with Landlord in the preparation of the Final Plans and Specifications. When Landlord requests Tenant to specify details or layouts, Tenant shall specify same, subject to the provisions of the Outline Plans and
Specifications, so as not to delay completion of the Improvements. 
  

	 	Section 2.2	Permit Dates; Tenant Change Orders. 

 Promptly following approval by Tenant of the Final
Plans and Specifications, Landlord’s architect shall review and seal the Final Plans and Specifications and submit the Final Plans and Specifications for permits and construction bids. Tenant and Landlord acknowledge that it is anticipated that
all necessary governmental approvals and permits shall be issued by the appropriate governmental authorities within ten (10) days after Tenant’s approval of the Final Plans and Specifications, and if, despite Landlord’s diligent
efforts, such approvals and permits are not issued to and received by Landlord within such 10-day period, the Target Commencement Date (as hereinafter defined) shall be automatically extended for delays arising from or attributable to delays in the
issuance of such approvals and permits after the expiration of such 10-day period. If Tenant desires to make revisions to the Final Plans and Specifications once they have been approved by both parties, Tenant shall request that Landlord’s
architect prepare, and submit to Landlord for approval, proposed plans and specifications containing all such desired revisions (a “Tenant Change Order”). Upon approval by Landlord of any Tenant Change Order, Landlord shall obtain
promptly from the Contractor the amount of any adjustment in the costs of constructing the Improvements resulting from such Tenant Change Order and the length of any Tenant Delay (as hereinafter defined) that would result from constructing such
Tenant Change Order, and Landlord shall submit the amount thereof and the contemplated Tenant Delay caused thereby to Tenant for Tenant’s approval. Tenant shall approve or disapprove the amount of such adjustment and the Tenant Delay caused
thereby within two (2) business days after submission thereof to Tenant by Landlord, and if Tenant fails to notify Landlord of its disapproval within such two business day period, Tenant shall be deemed to have given Tenant’s approval
thereto. If Tenant disapproves either the amount of such adjustment or the Tenant Delay resulting therefrom, then such Tenant Change Order shall be deemed withdrawn by Tenant and Landlord shall have no obligation to cause the construction of such
Tenant Change Order; provided Tenant shall remain liable for all costs incurred in preparing plans and specifications with such proposed Tenant Change Order. Once any adjustment and the resulting Tenant Delay have been approved, Tenant shall be
deemed to have given full authorization to Landlord to proceed with the work of constructing the Improvements in accordance with the Final Plans and Specifications, as revised with respect to the Tenant Change Order, and the Target Commencement Date
shall be extended for delays arising from or attributable to the Tenant Delay. The costs of the revised work shall be included in the Total Project Costs used to determine the rate of Basic Rent as provided in Section 3.1, subject to the
limitation in the last sentence of such Section 3.1. If Tenant requests a Tenant Change Order that is not approved by Landlord or that is disapproved by Tenant, then any delay in Substantial Completion of the Initial Improvements arising from
or attributable to consideration of such proposed Tenant Change Order shall constitute a Tenant Delay. 
  

	 	Section 2.3	Bidding Process. 

 (a) Landlord and Tenant agree that Opus Northwest Construction,
L.L.C. (the “Contractor”) shall act as the general contractor and construction manager for the Initial Improvements. Attached hereto as Exhibit “D-3” is a preliminary budget of the Total Project Costs (as hereinafter
defined) (the “Budget”). Tenant acknowledges that the Budget is not a guarantee of the applicable costs and Landlord shall have no liability if the Budget is incorrect. Except to the extent not practicable due to specialization of
the work and limitations on the number of contractors in the field performing such specialized work, and except with respect to the pre-cast, steel, site work grading subcontracts, with respect to all major sub-trades (defined as subcontracts in
excess of 

  
 4 

 
$50,000.00), Contractor shall solicit bids for performance of the Initial Improvements from at least three (3) licensed subcontractors. When bids are solicited, upon the receipt of bids from
each of the subcontractors, Landlord or the Contractor shall prepare a bid format which compares each bid, and shall deliver such bid format, together with copies of the bids themselves to Tenant (together with Contractor’s designation of the
bid Contractor intends to accept). All documentation prepared by Landlord or others on its behalf and/or submitted by contractors, subcontractors, vendors, suppliers or others for the Initial Improvements shall be provided to Tenant’s
Representative (as hereinafter defined) promptly after receipt of same by Landlord, including, without limitation, bid proposals, bid packages, architectural, design, engineering, earthwork, geotechnical and surveys, as applicable. Tenant shall have
the right to review (but not approve) all bid packages and Landlord shall solicit the advice of, receive recommendations from, and consult with, Tenant in connection with the selection of the accepted bids, provided Landlord or Contractor shall have
the right to make all final decisions regarding the selection of the subcontractors as Landlord determines in its reasonable good faith discretion to be in the best interest of completing the Initial Improvements in accordance with the requirements
herein, with price, delivery and performance being among the determining factors; provided, however, if Contractor is prepared to accept a subcontractor bid for a subcontract amount in excess of the line item for such subcontract in the Budget by
more than $50,000.00, then Tenant shall have the right, within one (1) business day following the date Contractor is prepared to accept such bid, to submit revisions to the Final Plans and Specifications for review and approval by Landlord.
Upon Landlord’s approval of Tenant’s revisions, Landlord shall cause Contractor to seek and obtain revised bids to be reviewed and selected in accordance with the procedures and the time frames set forth in this Section 2.3(a),
provided any delay attributable to such revisions and re-bidding shall constitute a Tenant Delay. Landlord and Tenant shall in good faith review and approve (or disapprove), process and perform any obligation in this Lease concerning approval of the
Final Plans and Specifications, Tenant Change Orders, selection of bidders, value engineering and inspections, with the objective of facilitating the construction of the Initial Improvements as quickly as reasonably possible. Notwithstanding
anything in this Lease to the contrary, once a subcontractor bid for any portion of the Initial Improvements is accepted by Landlord, the contract for such subcontractor’s work shall be governed by a fixed price or “cost plus” with a
guaranteed maximum price contract between Contractor and such subcontractor and any and all costs to perform the work governed by such contract in excess of the fixed price or guaranteed maximum price, as applicable, in such contract shall not be
included in Total Project Costs except to the extent such excess costs are the result of or arise from (i) a Tenant Change Order, (ii) refinements in the Final Plans and Specifications in furtherance of, or consistent with, the intended
scope of the work, (iii) unknown, concealed or different field conditions encountered by the applicable contractor, or (iv) a change in the scope of the work reasonably authorized by Contractor and Landlord in order to conform the Initial
Improvements to the Final Plans and Specifications. 
 (b) Landlord agrees to cause the Contractor (or each bidding subcontractor) to
identify “long lead” items or materials which will delay Substantial Completion of the Initial Improvements, and shall notify Tenant of the same promptly after such identification can be made. Landlord and Tenant shall cooperate in good
faith to avoid such “long lead” items or materials. 
  

	 	Section 2.4	Construction of the Initial Improvements. 

 The Initial Improvements shall be constructed
(1) in a good and workmanlike manner substantially in accordance with the Final Plans and Specifications, (2) in compliance in all material respects with all laws, codes, ordinances, rules and regulations of governmental authorities having
jurisdiction over the Demised Premises, (3) in compliance in all material respects with all covenants, conditions and restrictions encumbering the Demised Premises, and (4) with all buildings, structures and improvements, including without
limitation driveways, fences, septic systems and leaching fields, if any, constituting the Initial Improvements and all other means of access for the Demised Premises located completely within the boundary lines of the Demised Premises as shown on
the (Corrected) Plat of Survey dated November 2, 2007, and prepared by Lee Engineers and Surveyors as its Project Number 07074 and no such building, structure or improvement shall encroach upon or under the property of any other person or
entity. Furthermore, the Initial Improvements will include making available at the Demised Premises water, sewer, electricity, natural gas and telephone service and stormwater and roadway improvements of size and capacities as prescribed in the
Final Plans and Specifications. Landlord shall use reasonable efforts to Substantially Complete the Initial Improvements on or before August 31, 2008 (the “Target Commencement Date”). The Target Commencement Date shall be
subject to extension for Force Majeure Delays (as hereinafter defined) and Tenant Delays. Landlord shall give Tenant written notice of the date which Landlord anticipates achieving Substantial Completion of the Initial Improvements at least three
(3) months prior thereto, and shall update or confirm such 

  
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estimated date monthly until the date that is thirty (30) days prior to the date which Landlord then anticipates Substantially Completion of the Initial Improvements, and shall update or
confirm such estimated date weekly thereafter. If Landlord fails to achieve Substantial Completion of the Initial Improvements within ten (10) days after the Target Commencement Date, as such date may be extended for Force Majeure Delays or
Tenant Delay, for each day after the expiration of such 10-day period through November 29, 2008 (as such date may be extended for Force Majeure Delays and Tenant Delay) that Landlord has not achieved the Substantial Completion of the Initial
Improvements, Tenant shall have the right to a credit against the Basic Rent first due under this Lease equal to $5,000 for each day until Substantial Completion of the Initial Improvements has been achieved. Without limiting the foregoing, if
Landlord fails to achieve Substantial Completion of the Initial Improvements by November 30, 2008 (as such date may be extended for Force Majeure Delays and Tenant Delays), then Tenant shall have the right to terminate this Lease by written
notice to Landlord delivered prior to the time that Landlord actually achieves Substantial Completion of the Initial Improvements and the Lease shall terminate and be of no further force or effect as of the date that is thirty (30) days after
such notice from Tenant, unless Landlord shall have achieved Substantial Completion of the Initial Improvements within such 30-day period. The foregoing abatement and termination remedies shall be Tenant’s sole and exclusive remedies for any
delay in Substantial Completion of the Improvements. 
 Promptly following delivery of Landlord’s notice of Substantial Completion of the Initial
Improvements, duly authorized representatives of Landlord and Tenant shall jointly inspect the Initial Improvements and prepare a punchlist (the “Punchlist”) of incomplete, incorrect and damaged items (the “Punchlist
Items”). In the event that the parties shall disagree on whether any item is properly included as part of the Punchlist Items, and the parties are unable to reach agreement thereon within five (5) days after such joint inspection,
either party may submit such disagreement to the project architect that prepared the Final Plans and Specifications (the “Project Architect”) for final determination, which determination of the Project Architect shall be final,
binding and conclusive upon Landlord and Tenant. The failure to include an item on the Punchlist does not alter the responsibility of Landlord to complete all the Initial Improvements substantially in accordance with the Final Plans and
Specifications. Landlord shall use good faith and commercially reasonable efforts to cause completion of the Punchlist Items on or before the date that is thirty (30) days after achieving Substantial Completion of the Initial Improvements;
provided, however, that Landlord shall have such additional time as may reasonably be required with diligent efforts to cause to be completed Punchlist Items of a seasonal nature which cannot or should not be performed until a later date or which
are delayed due to a shortage of labor or materials, and otherwise subject to Force Majeure Delays and Tenant Delays. 
 Landlord shall (or shall cause
Contractor to) maintain at the site one record copy of the drawings, specifications, addenda, change orders, change directives and other modifications, in good order and marked currently to record field changes and selections made during
construction (the “As-Built Documents”). The As-Built Documents shall be provided to the Tenant at the conclusion of the Initial Improvements in paper and electronic format; provided, however, that Tenant may use the As-Built
Documents only for the repair, maintenance or restoration of the Improvements and only during the term of this Lease, and Tenant hereby agrees to indemnify, defend and hold harmless Landlord from and against any unauthorized use of the As-Built
Documents. Landlord reserves the right to use the As-Built Documents for any purpose. 
 Landlord shall use best efforts to cause Contractor, and Contractor
shall use best efforts to cause all subcontractors, to properly complete and to execute all forms required for Tenant to seek refunds of sales, service or use taxes paid to the State of Iowa, or any city, town or municipality in the State of Iowa,
in connection with the construction of the Initial Improvements. Likewise, Landlord shall use best efforts to properly complete and shall execute all forms required for Tenant to seek tax credit for sales taxes paid by Landlord to the State of Iowa,
or any city, town or municipality in the State of Iowa, for utility services, goods, wares, merchandise and services in connection with construction of the Initial Improvements. Landlord shall deliver all such forms to Tenant promptly after
completion of the Initial Improvements, provided the failure of Tenant to obtain any such refund or credit shall not constitute a breach or default by Landlord or entitle Tenant to any credit against Total Project Costs. 

 

	 	Section 2.5	Tenant Delay and Force Majeure Delays. 

 “Tenant Delay(s)” shall mean any
actual delay in Substantial Completion of the Initial Improvements to the extent attributable to (i) the actions, omissions or interference of Tenant or Tenant’s agents or contractors, (ii) any delay by

  
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Tenant in the review and approval of the Final Plans and Specifications submitted to it for review and/or approval, (iii) any delay occasioned by Tenant’s request for or the
implementation of a Tenant Change Order, whether or not such Change Order is approved by Landlord and Tenant, provided that with respect to Tenant Change Order accepted by Tenant, Tenant is notified by Landlord prior to acceptance of such Tenant
Change Order of the estimated amount of Tenant Delay to result from such Tenant Change Order, (iv) revisions to the Final Plans and Specifications and/or rebidding in accordance with Section 2.3(a) and (v) Tenant’s possession of
the Demised Premises prior to the Commencement Date pursuant to Section 2.10. In calculating the duration of any Tenant Delay, such duration shall be based upon the actual number of days of delay in Substantial Completion of the Initial
Improvements attributable to the causes described above. Landlord shall notify Tenant of any delays occasioned by a Tenant Delay within five (5) business days after Landlord becomes aware that it intends to claim an extension of the date for
Substantial Completion of the Initial Improvements on account of such Tenant Delay; provided, however, Landlord agrees to exercise commercially reasonable efforts to immediately notify Tenant of any act, omission or interference of Tenant, its
agents, employees or contractors in the performance of the Initial Improvements which Landlord intends to claim as a Tenant Delay so as to permit Tenant a reasonable opportunity to promptly mitigate and/or eliminate such act, omission or
interference. Tenant Delays shall not include the normal and ordinary process of communication between Landlord and Tenant during the design and construction process or the exercise by Tenant of its rights under this Article II to inspect the work
and/or to dispute the achievement of Substantial Completion of the Initial Improvements, provided delays caused by the consideration of Tenant Change Orders do constitute Tenant Delays if Landlord stops, postpones or delays the progress of
construction of the Initial Improvements during such consideration. Any increased costs or damages to complete the Initial Improvements which are incurred by Landlord and attributable to Tenant Delays shall be included in Total Project Costs, and to
the extent that such delays caused by Tenant result in the Commencement Date being delayed beyond the Target Commencement Date, the parties acknowledge and agree that the Commencement Date shall be deemed to occur on the date on which the
Commencement Date would have occurred but for such Tenant Delay, but subject to Landlord’s obligation to complete the Initial Improvements. “Force Majeure Delay(s)” shall mean delay in Substantial Completion of the Initial
Improvements occasioned by strikes or labor disputes, fire, unusually severe weather conditions, the inability (despite diligent efforts having been exercised) to procure necessary permits and approvals, shortages of fuel, labor or materials,
casualties, acts of God or the public enemy, governmental embargo restrictions, action or non-action of public utilities or of local, state or federal governments, and any other reason beyond the reasonable control of Landlord. Furthermore, the
failure of the conditions described in Section 20.28 by the Acquisition Contingency Date (as hereinafter defined) shall also constitute a Force Majeure Delay. Landlord shall use reasonable efforts to avoid and/or shorten the length of any Force
Majeure Delay. Landlord shall notify Tenant of any Force Majeure Delay within ten (10) business days after Landlord becomes aware that it intends to claim an extension of the date for Substantial Completion of the Initial Improvements on
account of such Force Majeure Delay. 
  

	 	Section 2.6	Substantial Completion of the Initial Improvements. 

 “Substantial Completion of
the Initial Improvements” or “Substantially Completed” with respect to the Initial Improvements shall be achieved when (a) the Initial Improvements are sufficiently complete in accordance with the Final Plans and
Specifications so that Tenant can commence beneficial use and occupancy of the Demised Premises as intended, (b) all base building systems included in the Initial Improvements are operational as designed and specified (except for Punchlist Items),
(c) all governmental inspections required for the Initial Improvements have been successfully completed, and certificates of occupancy (or the equivalent) and other municipal permits or approvals for the Initial Improvements have been obtained, in
each case if and to the extent required to occupy and use the Demised Premises for the Primary Intended Use (and except to the extent issuance of such certificates, permits or approvals is dependent upon any improvements or other actions that are
Tenant’s responsibility), (d) all final finishes required by the Final Plans and Specifications are in place (except for the Punchlist Items), provided, however, that Landlord shall have such additional time as may reasonably be required with
diligent efforts to complete such finishes of a seasonal nature which cannot or should not be performed until a later date, and otherwise subject to Force Majeure Delays and Tenant Delays, (e) all remaining Initial Improvements are reasonably
estimated to be completed within thirty (30) consecutive calendar days (or as otherwise agreed to by Tenant) following the date of Substantial Completion of the Initial Improvements, subject to items of a seasonal nature which cannot or should not
be performed until a later date and items delayed due to a Force Majeure Delay. Landlord shall cause Contractor to deliver to Tenant binders containing complete sets of all manufacturer’s catalogs, instructions and other similar data (including
the necessary graphic cuts, diagrams, value charts, and the like) 

  
 7 

 
covering all mechanical and manually operated devices furnished and/or installed as part of the Initial Improvements within thirty (30) days after Substantial Completion of the Initial
Improvements. 
  

	 	Section 2.7	Construction Guaranty. 

 Landlord guarantees the Initial Improvements against defective
design, workmanship and/or materials for a period of one (1) year from the date of Substantial Completion of the Initial Improvements or, with respect to Punchlist Items, such later date as the applicable Punchlist Item is completed by or on
behalf of Landlord (the “Warranty Period”) and Landlord shall promptly correct defective or nonconforming design or work after written request from the Tenant delivered to Landlord during such Warranty Period. Except to the extent
caused by the gross negligence or wilful misconduct of Landlord, performance of such one-year guaranty shall be Landlord’s sole and exclusive obligation to correct defective design, workmanship and/or materials, and Tenant’s right to
enforce such one-year guaranty shall be Tenant’s sole and exclusive remedy against Landlord or Contractor with respect to such correction obligation in limitation of any contract, warranty or other rights, whether express or implied, that
Tenant may otherwise have under applicable law with respect to correction obligations for defective design, workmanship and/or materials, but without limitation of any other rights of Tenant at law or in equity with respect to Landlord’s
obligations other than to specifically correct defective or nonconforming work or design. From and after the expiration of the one-year Warranty Period, Landlord agrees to cooperate with Tenant in the enforcement by Tenant, at Tenant’s sole
cost and expense, of any express warranties or guaranties of workmanship or materials given by subcontractors or materialmen that guarantee or warrant against defective workmanship or materials for a period of time in excess of the one-year Warranty
Period described above and to cooperate with Tenant in the enforcement by Tenant, at Tenant’s sole cost and expense, of any service contracts that provide service, repair or maintenance to any item incorporated in the Building for a period of
time in excess of such one-year Warranty Period. Following the expiration of the Warranty Period, Landlord shall assign to Tenant, on a non-exclusive basis, any claims, correction obligations and extended warranties provided by any subcontractors or
any other party with respect to the components and equipment included as part of the Initial Improvements, excluding claims, correction obligations and extended warranties relating to the items Landlord is required to repair pursuant to
Section 8.7 and Section 9.1. 
  

	 	Section 2.8	Landlord’s Indemnity. 

 Landlord shall indemnify and hold harmless Tenant from and
against all claims, damages, losses and expenses, including reasonable attorneys’ fees, arising out of or resulting from the performance of the Initial Improvements, to the extent caused by any negligent act or omission of Landlord or
Contractor, any subcontractor, anyone directly or indirectly employed by any of them, or anyone for whose acts any of them may be liable, and which involves bodily injury, sickness, disease or death, or injury to or destruction of property (other
than the Initial Improvements and contents therein), including the loss of use resulting therefrom. In any and all claims against Tenant, its agents or employees, by any employee of Landlord or Contractor, any subcontractor, anyone directly or
indirectly employed by any of them, or anyone for whose acts any of them may be liable, the indemnification obligation under this Section 2.8 shall not be limited in any way by any limitation on the amount or type of damages, compensation or
benefits payable by or for Landlord or Contractor or any subcontractor under workers’ compensation acts, disability benefit acts or other employee benefit acts. Tenant shall notify Landlord of any claim under this indemnity in such time as to
avoid prejudice to Landlord and Landlord shall have the right to defend with counsel reasonably acceptable to Tenant. 
  

	 	Section 2.9	Insurance During Construction. 

 Landlord shall carry and maintain with respect to the
Demised Premises at all times during the design and construction of the Initial Improvements, and shall require the Contractor and all subcontractors (unless Contractor’s insurance coverage covers acts and work of the subcontractors) to
maintain at all times during the design and construction of the Initial Improvements, written by insurers rated by A.M. Best & Co., with a minimum rating of (or equivalent to) A-IX and qualified to do business in the State of Iowa, the types of
insurance and minimum coverage amounts hereinafter set forth: (1) property insurance written on a builder’s risk “all-risk” or equivalent policy form in the total value for the Initial Improvements at the site on a full 100%
replacement cost basis (excluding excavation and grading) and with deductibles not in excess of commercially reasonable amounts; (2) workers’ compensation insurance in statutory amounts and employer’s liability insurance in the amount of
$1,000,000 for bodily injury or disease; (3) commercial automobile vehicle insurance covering owned, non-owned 

  
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and hired vehicles for personal injury in the amount of $1,000,000 combined single limit for bodily injury and for property damage; and (4) commercial general liability coverage for bodily
injury, personal injury and property damage in the amount of $1,000,000 per occurrence and $2,000,000 aggregate limit and umbrella coverage in the amount of $10,000,000.00. Such insurance carried by Landlord or Contractor may be part of a blanket
policy. The Project Architect shall maintain professional liability insurance coverage at least equal to $1,000,000.00. The cost of such insurance coverages allocable to the Initial Improvements shall be a part of the Total Project Costs. 

 

	 	Section 2.10	Possession of Demised Premises. 

 (a) Tenant shall not be liable to Landlord for the
payment of Basic Rent or the payment of any other obligation to be paid by Tenant under this Lease nor shall Tenant, except as otherwise provided in this Section 2.5, have any right to possession or use of the Demised Premises until the
Commencement Date. If the Initial Improvements are not Substantially Completed but are partially ready for occupancy, then subject to Subsection (b) below, Tenant may, but need not, occupy the portion of same that is ready for occupancy. If
Tenant occupies any portion of the Demised Premises prior to Substantial Completion of the Improvements, the terms of this Lease shall apply to such occupancy or use of the Demised Premises by Tenant and a pro rata portion of the Basic Rent and the
pro rata portion of all other obligations to be paid by Tenant shall be payable commencing with such date of partial occupancy, and shall be equitably adjusted from time to time based upon the area and value of the portion of the Improvements
Substantially Completed and ready for Tenant’s occupancy, provided, however that entry by Tenant for the purpose of installing equipment, furniture, fixtures, wiring, cabling and other property of Tenant and testing of equipment (provided such
testing will not adversely affect Landlord’s ability to perform its construction and related obligations under this Lease, and does not otherwise affect or delay issuance of a certificate of occupancy for the Initial Improvements) shall not be
considered occupancy for purposes of this Lease and shall not trigger Tenant’s obligation to pay Basic Rent under this Lease. The failure of Tenant to take possession of or to occupy the Demised Premises or any portion thereof on or after the
Commencement Date shall not serve to relieve Tenant of said obligations or delay payments by Tenant to Landlord. 
 (b) Landlord shall
cooperate with Tenant to facilitate Tenant’s installation of crane equipment in the Demised Premises on or about June 2, 2008, subject to the conditions set forth below. Furthermore, Tenant and Tenant’s agents, representatives, employees
and contractors shall be permitted to access the Demised Premises not less than ninety (90) days prior to the Commencement Date in order to install Tenant’s machinery, equipment, fixtures and other personal property on the Demised Premises and
telecommunications cabling and wiring, subject to the conditions set forth below and approval of the local building officials/fire marshall, if required under applicable laws. It shall be conditions of Tenant’s right to enter the Demised
Premises as provided herein: (i) that such entry shall not unreasonably interfere with, construction of the Initial Improvements and shall not cause a labor dispute, (ii) any such entry shall be subject to such rules and regulations as Landlord may
reasonably promulgate and Tenant shall fully cooperate with Landlord to facilitate construction and installation of the Initial Improvements, including, without limitation, relocating its equipment, machinery, and inventory to locations designated
by Landlord and taking such other actions as Landlord may require to accommodate Landlord’s critical path construction schedule; without limiting the generality of the foregoing, Tenant shall ensure that any architect, engineer, designer,
contractor and workman employed by Tenant observes such rules, and prior to commencement of any work in the Premises, makes appropriate arrangements with Landlord, particularly with respect to: material handling and hoisting facilities; material and
equipment storage; time and place of deliveries; hours of work and coordination of work; power, heating and washroom facilities; scheduling; security; and clean-up, (iii) all the terms, covenants and conditions of this Lease shall apply in full
force and effect to such entry (other than Tenant’s covenant to pay rental amounts hereunder), (iv) Tenant shall defend, indemnify and hold harmless Landlord, its agents, employees and contractors from and against any and all loss, cost,
damage, expense (including reasonable attorneys’ fees and court costs) arising from or related to such entry, (v) any such entry shall be at Tenant’s risk and Landlord shall have no liability for any loss, damage or injury to Tenant’s
personal property, equipment, employees or agents which may be on or about the Demised Premises during the period of such entry and Tenant hereby releases Landlord from any claim with respect thereto from whatever cause, (vi) Tenant shall furnish
Landlord with certificates of insurance evidencing insurance against claims under workmen’s compensation acts and employer’s liability acts, with statutorily prescribed limits for worker’s compensation coverage and with limits of not
less than $500,000 per occurrence for employer’s liability, and (vii) to the extent any such entry delays completion of the Initial Improvements, such delay shall constitute a Tenant Delay and Tenant shall be responsible for Landlord’s
costs, including lost rent, resulting therefrom. 

  
 9 

 (c) All articles of personal property and all business and trade fixtures, machinery,
workstations, equipment, furniture and other property and equipment owned or installed by Tenant in the Demised Premises, including, without limitation, any supplemental heating and cooling units, central vacuum pumps, heaters and blowers,
uninterrupted power source (UPS), custom systems and other equipment and installations (whether affixed or unaffixed to the Improvements), purchased, installed and used by Tenant for the Primary Intended Use or any other use permitted under this
Lease, including all equipment and materials purchased and installed by Landlord or Tenant and the cost of which is not included in the Total Project Costs (the “Tenant’s Removable Property”) shall remain the property of Tenant
and may be removed by Tenant at any time prior to the expiration of this Lease, provided Tenant restores any damage caused by such removal (and, as provided in Section 20.18, Tenant shall remove those items of Tenant’s Removable Property
designated by Landlord at the expiration of the term of this Lease). 
  

	 	Section 2.11	Tenant’s Representative. 

 Tenant designates Coburn Pharr as Tenant’s
representative (“Tenant’s Representative”) to approve and/or to notify Landlord of any revisions to the plans and specifications described in this Article II and to provide any notices or directions to Landlord regarding the
Improvements. Tenant may change Tenant’s Representative at any time upon written notice to Landlord. 
 ARTICLE III 

BASIC RENT 
  

	 	Section 3.1	Amount of Basic Rent. 

 The initial annual amount of Basic Rent shall equal 9% of the
“Total Project Costs” described on Exhibit “D” attached hereto and made a part hereof; provided, however, the Total Project Costs shall be reduced by the full amount of the “Developer Grants” received by
Landlord pursuant to the Agreement for Private Redevelopment dated November 13, 2007, between Landlord, County, City and Jasper County Economic Development Corporation (the “Development Agreement”). On each anniversary of the
Commencement Date (an “Anniversary Date”), the annual amount of Basic Rent shall be equal to the product obtained by multiplying the amount of annual Basic Rent payable on the date immediately preceding such Anniversary Date by
1.015. The Total Project Costs shall be determined by Landlord before the Commencement Date and Landlord shall notify Tenant of such amount, and promptly thereafter, Landlord shall notify Tenant of the initial annual amount of Basic Rent and the
annual amount of Basic Rent payable as of each Anniversary Date. If any costs that would properly constitute Total Project Costs are not yet determined with certainty as of the Commencement Date, reasonable estimates of such items by Landlord shall
be included in the calculation of Total Project Costs to determine the initial annual Basic Rent. Upon Landlord’s determination of the actual Total Project Costs, Landlord shall submit a statement of the actual Total Project Costs to Tenant and
if such amount differs from Landlord’s estimate, the amounts of Basic Rent for each year of the term shall be adjusted to reflect the actual Total Project Costs and any overpayments by Tenant shall be promptly refunded by Landlord.
Notwithstanding the foregoing, if the Total Project Costs (after deduction of the Developer Grants) exceed $13,500,000.00, then the Basic Rent shall be determined as provided above as if the Total Project Costs were $13,500,000.00 and Tenant shall
pay to Landlord, within thirty (30) days after Landlord’s demand therefor, an amount equal to the difference between the actual Total Project Costs and $13,500,000.00, provided that Tenant may include up to $600,000 of such excess, in the
aggregate, in Total Project Costs for purposes of determining Basic Rent to the extent such excess amount is attributable to the construction of the Initial Improvements as shown on the Final Plans and Specifications (prior to incorporation of any
Tenant Change Order) or attributable to Tenant Change Orders that are consistent with the Final Plans and Specifications before incorporation of such respective Tenant Change Orders. 

 

	 	Section 3.2	Records. 

 Landlord shall keep and maintain, and shall cause Contractor and
Contractor’s subcontractors to keep and maintain, proper and complete records documenting all costs and expenses incurred in connection with the construction of the Initial Improvements, and, will make available, if requested by Tenant prior to
the date (the “Audit Date”) which is sixty (60) days after substantial completion of the Initial Improvements, copies of any contracts, invoices, receipts and other information relating to such construction which Tenant may
reasonably request. Tenant and its designees 

  
 10 

 
may upon request, but prior to the Audit Date, inspect and audit any of Landlord’s, Contractor’s or Contractor’s subcontractors’ books and records relating to the construction
of the Improvements. If any such audit results in an increase or a decrease in the Total Project Costs, then Basic Rent shall be adjusted as provided above. Failure by Tenant to exercise Tenant’s right to audit pursuant to this Section 3.2
on or before the Audit Date shall constitute a waiver of such right. 
  

	 	Section 3.3	Additional Rent. 

 The Basic Rent shall be absolutely net to Landlord, except as
expressly provided in Section 8.7 and Section 9.1. so that this Lease shall yield, net to Landlord, the Basic Rent specified in Section 3.1 in each year of the term of this Lease and that all impositions, insurance premiums, utility
charges, maintenance, repair and replacement expenses, payments or charges under covenants, conditions and restrictions now or hereafter of record, all expenses relating to compliance with laws, and all other costs, fees, charges, expenses,
reimbursements and obligations of every kind and nature whatsoever relating to the Demised Premises (excepting only Landlord’s obligations expressly set forth in this Lease) which may arise or become due during the term or by reason of events
occurring during the term of this Lease shall be paid or discharged by Tenant, at Tenant’s sole cost and expense. In the event Tenant fails to pay or discharge any imposition, insurance premium, utility charge, maintenance repair or replacement
expense which it is obligated to pay or discharge, and such failure continues beyond all applicable notice and cure periods, Landlord may, but shall not be obligated to, pay the same, and in that event Tenant shall immediately reimburse Landlord
therefor and pay the same as additional rent (all charges payable by Tenant other than Basic Rent, however denoted, are hereinafter collectively referred to as “Additional Rent”), and Tenant hereby agrees to indemnify, defend and
save Landlord harmless from and against such impositions, insurance premiums, utility charges, maintenance, repair and replacement expenses, all expenses relating to compliance with laws (except as provided herein with respect to compliance of the
Initial Improvements with laws in effect as of the Commencement Date), and all other costs, fees, charges, expenses, reimbursements and obligations referred to above. Basic Rent and Additional Rent are sometimes hereinafter collectively referred to
as “Rent.” 
  

	 	Section 3.4	Method of Payment. 

 Tenant will pay Basic Rent in equal monthly installments to
Landlord, based upon one-twelfth (1/12th) of the annual Basic Rent determined in accordance with Section 3.1, in advance, without offset or deduction, commencing on the Commencement Date and continuing on the first day of each and every
calendar month after the Commencement Date during the term. Tenant will make all Basic Rent payments to Landlord in care of Opus Northwest Management, L.L.C., 10350 Bren Road West, Minnetonka, Minnesota 55343, Attn: Accounting Manager, or at such
other place or in such other manner as Landlord may from time to time designate in writing. Tenant will make all Basic Rent payments without Landlord’s previous demand, invoice or notice for payment. Landlord and Tenant will prorate, on a per
diem basis, Basic Rent and Additional Rent for any partial month within the term. 
  

	 	Section 3.5	Delinquent Payments. 

 Except as otherwise expressly set forth herein, all payments of
Basic Rent and Additional Rent shall be payable without previous demand therefor and without any right of setoff or deduction whatsoever, and in case of nonpayment of any item of Additional Rent by Tenant when the same is due, Landlord shall have,
in addition to all its other rights and remedies, all of the rights and remedies available to Landlord under the provisions of this Lease or by law in the case of nonpayment of Basic Rent. The performance and observance by Tenant of all the terms,
covenants, conditions and agreements to be performed or observed by Tenant hereunder shall be performed and observed by Tenant at Tenant’s sole cost and expense. Any installment of Basic Rent or Additional Rent or any other charges payable by
Tenant under the provisions hereof which shall not be paid when due or within ten (10) days thereafter shall bear interest at an annual rate equal to five percentage points per annum in excess of the published “prime rate” or “base
rate” of interest charged by U.S. Bank National Association (or similar institution if said Bank shall cease to exist or to publish such a prime rate) from the date when the same is due hereunder until the same shall be paid, but in no event in
excess of the maximum lawful rate permitted to be charged by Landlord against Tenant. Said rate of interest is sometimes hereinafter referred to as the “Maximum Rate of Interest.” 

  
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 In addition, any installment of Basic Rent or Additional Rent or any other charges payable by
Tenant under the provisions hereof which shall not be paid when due and which remain unpaid ten (10) days thereafter shall be subject to a late payment fee of three percent (3%) of the unpaid amount. Tenant acknowledges that Tenant’s
failure to pay Basic Rent or Additional Rent when due may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. The parties agree that the late charge specified above
represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment and acceptance of such late charge does not constitute a waiver of Tenant’s default or limit any other remedy of Landlord. The late charge
shall be deemed to be Additional Rent and the right to require it shall be in addition to all of Landlord’s rights and remedies hereunder or at law. 
  

	 	Section 3.6	Independent Obligations. 

 Any term or provision of this Lease to the contrary
notwithstanding, the covenants and obligations of Tenant to pay Basic Rent and Additional Rent hereunder shall be independent from any obligations, warranties or representations, express or implied, if any, of Landlord herein contained. 

 

	 	Section 3.7	Guaranty. 

 Tenant’s obligations and liabilities under this Lease are guaranteed by
LCSI Holding, Inc. (“Guarantor”) pursuant to a Guaranty of Lease of even date hereof in the form of Exhibit “H” attached hereto and made a part hereof. 

ARTICLE IV 
 USE OF
DEMISED PREMISES 
  

	 	Section 4.1	Permitted Use. 

 The Demised Premises shall be used for manufacturing, assembling,
storing and distributing composite wind blades and other structural composite components of similar construction and all legal uses incidental thereto (the “Primary Intended Use”), general manufacturing and warehousing purposes, and
any other lawful use not in violation of the Development Agreement, the Employer Incentives Agreement entered into between Tenant, City and County (the “Employer Agreement”) or any Permitted Encumbrances. Tenant shall not use or
occupy the same, or permit them to be used or occupied, contrary to any statute, rule, order, ordinance, requirement or regulation applicable thereto, or in any manner which would violate any certificate of occupancy affecting the same, or which
would make void or voidable any insurance then in force with respect thereto or which would make it impossible to obtain fire or other insurance thereon required to be furnished hereunder by Tenant, or which would cause structural injury to the
improvements or cause the value or usefulness of the Demised Premises, or any portion thereof, substantially to diminish (reasonable wear and tear excepted), or which would constitute a public or private nuisance or waste or would violate any
Hazardous Materials Laws (as defined in Section 9.5), and Tenant agrees that it will promptly, upon discovery of any such use, take all necessary steps to compel the discontinuance of such use. 

Tenant will open and occupy the Demised Premises for business as required under the Employer Agreement and Tenant agrees to promptly perform any fixturing or
other installations that are not Landlord’s responsibility herein and take any other action that is not Landlord’s responsibility herein, including being prepared to open for business, to the extent such work is required to be completed or
such action is required to be taken in order for Landlord to receive a certificate of occupancy for the Initial Improvements and obtain disbursement of any available incentives under the Development Agreement. Furthermore, Tenant must operate its
business at the Demised Premises such that it does not violate or breach the Employer Agreement. If Tenant is allowed to cease business operations at the Demised Premises under the Employer Agreement and desires to do so, Tenant may do so, provided
that in any event, Tenant shall always continue to be responsible for the keeping, performing and observing all of the other terms, covenants, conditions, agreements, indemnities and other promises to be kept, performed and observed by Tenant with
respect to the Demised Premises, including, without limitation, payment of all Rent reserved hereunder. 
  

	 	Section 4.2	Preservation of Demised Premises. 

  
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 Tenant shall not use, suffer, or permit the Demised Premises, or any portion thereof, to be used
by Tenant, any third party or the public in such manner as might reasonably make possible a claim or claims of adverse usage or adverse possession by the public, as such, or third persons, or of implied dedication of the Demised Premises, or any
portion thereof. Nothing in this Lease contained and no action or inaction by Landlord shall be deemed or construed to mean that Landlord has granted to Tenant any right, power or permission to do any act or make any agreement that may create, or
give rise to or be the foundation for any such right, title, interest, lien, charge or other encumbrance upon the estate of Landlord in the Demised Premises. 
  

	 	Section 4.3	Acceptance of Demised Premises. 

 Except as otherwise expressly set forth herein, Tenant
acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty or covenant of any kind whatsoever, either express or implied, with respect to the Demised Premises, the Building, the Improvements or any matter
related thereto including the condition thereof or with respect to the suitability or fitness of any of the foregoing for the conduct of Tenant’s business or for any other purpose and, subject to Landlord’s obligations set forth in Article
II and Sections 8.7 and 9.1 hereof, Tenant accepts the Demised Premises in an “as is” condition. Tenant shall comply with any recorded covenants, conditions and restrictions affecting the Demised Premises and the Building as of the
commencement of the Lease or which are recorded during the term of this Lease. 
 ARTICLE V 

PAYMENT OF TAXES, ASSESSMENTS, ETC. 
  

	 	Section 5.1	Payment of Impositions. 

 Tenant covenants and agrees to pay, directly to the applicable
tax authorities, during the term of this Lease, as Additional Rent, before any fine, penalty, interest or cost may be added thereto for the nonpayment thereof, all real estate taxes, special assessments, water rates and charges, sewer rates and
charges, including any sum or sums payable for present or future sewer or water capacity, charges for public utilities, street lighting, excise levies, licenses, permits, inspection fees, other governmental charges, payments or charges under
covenants, conditions and restrictions now or hereafter of record, and all other charges or burdens of whatsoever kind and nature (including costs, fees, and expenses of complying with any restrictive covenants or similar agreements to which the
Demised Premises are subject) incurred in the use, occupancy, ownership, operation, leasing or possession of the Demised Premises, without particularizing by any known name or by whatever name hereafter called, and whether any of the foregoing be
general or special, ordinary or extraordinary, foreseen or unforeseen (all of which are sometimes herein referred to as “Impositions”), which at any time during the term may have been or may be assessed, levied, confirmed, imposed
upon, or become a lien on the Demised Premises, or any portion thereof, or any appurtenance thereto, rents or income therefrom, and such easements or rights as may now or hereafter be appurtenant or appertain to the use of the Demised Premises.
Tenant shall pay all special (or similar) assessments for public improvements or benefits which, during the term of this Lease shall be laid, assessed, levied or imposed upon or become payable or become a lien upon the Demised Premises, or any
portion thereof; provided, however, that if any such Imposition may at the option of the taxpayer lawfully be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Tenant may pay the same, together
with any accrued interest on the unpaid balance of such Imposition, in installments as the same respectively become payable and before any fine, penalty, interest or cost may be added thereto for the nonpayment of any such installment and the
interest thereon. Tenant shall pay all Impositions (or installments thereof), whether heretofore or hereafter laid, assessed, levied or imposed upon the Demised Premises, or any portion thereof, which are due and payable during the term of this
Lease. Landlord shall pay all Impositions (or installments thereof) which are payable prior to the commencement and after the termination date of the term of this Lease. Notwithstanding the foregoing, Landlord shall pay that portion of the
Impositions (or installments thereof) due and payable in respect to the Demised Premises during the year the term commences and the year in which the term ends which the number of days in said year not within the term of this Lease bears to three
hundred sixty-five (365), and Tenant shall pay the balance of said Impositions during said years. Landlord shall give notice to Tenant of all Impositions payable by Tenant hereunder of which Landlord at any time has knowledge within thirty (30) days
after receipt thereof. Landlord agrees to reasonably cooperate with Tenant, at no cost, expense or liability to Landlord, to execute any documents required to be executed by the owner of the Demised Premises for Tenant to obtain tax rebates or
credits pursuant to the Employer Agreement. 

  
 13 

 Pursuant to Section 4.5 of the Development Agreement, Landlord is entitled to apply for and obtain a 100%
abatement of certain Impositions on the Initial Improvements for the first three (3) years of the Term of this Lease. Landlord and Tenant shall, on or before the applicable deadline for applying for such abatement, take all necessary actions to
apply for and obtain the tax abatement for the Initial Improvements described in Section 4.5 of the Development Agreement. Tenant remain liable to pay all Impositions as provided herein if for any reason such tax abatement is not obtained;
provided, however, if such tax abatement is not obtained solely because of Landlord’s failure to apply for such tax abatement as provided above, then Landlord shall be responsible for the payment of the Impositions that would have been abated
absent Landlord’s failure to so apply. 
  

	 	Section 5.2	Tenant’s Right to Contest Impositions. 

 Tenant shall have the right, at its own
expense, to contest the amount or validity, in whole or in part, of any Imposition by appropriate proceedings diligently conducted in good faith, but only after payment of such Imposition, unless such payment, or a payment thereof under protest,
would operate as a bar to such contest or interfere materially with the prosecution thereof, in which event, notwithstanding the provisions of Section 5.1 hereof, Tenant may postpone or defer payment of such Imposition if (a) neither the
Demised Premises nor any portion thereof would, by reason of such postponement or deferment, be in danger of being forfeited or lost, and (b) Tenant shall have deposited with Landlord cash, a letter of credit or a certificate of deposit payable
to Landlord issued by a national bank in the amount of the Imposition so contested and unpaid, together with all interest and penalties which may accrue, in Landlord’s reasonable judgment, in connection therewith. If, during the continuance of
such proceedings, Landlord shall, from time to time, reasonably deem the amount deposited, as aforesaid, insufficient, Tenant shall, upon demand of Landlord, make additional deposits of such additional sums of money or such additional certificates
of deposit as Landlord may reasonably request. Upon failure of Tenant to make such additional deposits, the amount theretofore deposited may be applied by Landlord to the payment, removal and discharge of such Imposition, and the interest, fines and
penalties in connection therewith, and any costs, fees (including attorneys’ fees) and other liability (including costs incurred by Landlord) accruing in any such proceedings. Upon the termination of any such proceedings, Tenant shall pay the
amount of such Imposition or part thereof, if any, as finally determined in such proceedings, the payment of which may have been deferred during the prosecution of such proceedings, together with any costs, fees, including attorneys’ fees,
interest, penalties, fines and other liability in connection therewith, and upon such payment Landlord shall return all amounts or certificates deposited with it with respect to the contest of such Imposition, as aforesaid, or, at the written
direction of Tenant, Landlord shall make such payment out of the funds on deposit with Landlord and the balance, if any, shall be returned to Tenant. Tenant shall be entitled to the refund of any Imposition, penalty, fine and interest thereon
received by Landlord which have been paid by Tenant or which have been paid by Landlord but for which Landlord has been previously reimbursed in full by Tenant. Landlord shall not be required to join in any proceedings referred to in this
Section 5.2 unless the provisions of any law, rule or regulation at the time in effect shall require that such proceedings be brought by or in the name of Landlord, in which event Landlord shall join in such proceedings or permit the same to be
brought in Landlord’s name upon compliance with such conditions as Landlord may reasonably require. Landlord shall not ultimately be subject to any liability for the payment of any fees, including attorneys’ fees, costs and expenses in
connection with such proceedings. Tenant agrees to pay all such fees (including reasonable attorneys’ fees), costs and expenses or, on demand, to make reimbursement to Landlord for such payment. During the time when any such certificate of
deposit is on deposit with Landlord, and prior to the time when the same is returned to Tenant or applied against the payment, removal or discharge of Impositions, as above provided, Tenant shall be entitled to receive all interest paid thereon, if
any. Cash deposits shall not bear interest. 
  

	 	Section 5.3	Levies and Other Taxes. 

 Nothing in this Lease contained shall require Tenant to pay any
municipal, state or federal net income or excess profits taxes assessed against Landlord, or any municipal, state or federal capital levy, estate, capital gain, succession, inheritance or transfer taxes of Landlord, or corporation franchise taxes
imposed upon Landlord or any owner of the fee of the Demised Premises, provided, however, if, at any time during the term of this Lease, there shall be levied, assessed or imposed on Landlord, or on the Basic Rent or Additional Rent, or on the
Demised Premises or on the value of the Demised Premises, or any portion thereof, a capital levy, sales or use tax, gross receipts tax, transaction privilege tax, rent tax or other tax on the rents received therefrom, or a franchise tax, or an
assessment, levy or charge measured by or based in whole or in part upon such rents or value, in lieu of or 

  
 14 

 
substitution for, or in addition to, the Impositions then payable by Tenant under this Lease, Tenant covenants to pay and discharge the same, it being the intention of the parties hereto that the
Rent to be paid hereunder shall be paid to Landlord absolutely net without deduction or charge of any nature whatsoever foreseeable or unforeseeable, ordinary or extraordinary, or of any nature, kind or description, except as in this Lease otherwise
expressly; provided, however, if the amount or rate of any such levy tax, assessment or charge so levied upon rents or value, shall be increased by reason of any other income, receipts or property owned by Landlord other than the Demised Premises,
then and in that event, Tenant shall not be obligated to pay the portion of such increased amount attributable to such other property, but only such levy, tax, assessment or charge as Landlord would be obligated to pay in the event it derived no
income from any source other than the Demised Premises. 
  

	 	Section 5.4	Evidence of Payment. 

 Tenant covenants to furnish Landlord, within thirty (30) days
after the date upon which any Imposition or other tax, assessment, levy or charge is payable by Tenant, official receipts of the appropriate taxing authority, or other appropriate proof satisfactory to Landlord, evidencing the payment of the same.
The certificate, advice or bill of the appropriate official designated by law to make or issue the same or to receive payment of any Imposition or other tax, assessment, levy or charge may be relied upon by Landlord as sufficient evidence that such
Imposition or other tax, assessment, levy or charge is due and unpaid at the time of the making or issuance of such certificate, advice or bill. 
  

	 	Section 5.5	Landlord’s Right to Contest Impositions. 

 In addition to the right of Tenant under
Section 5.2 to contest the amount or validity of Impositions, Landlord shall also have the right, but not the obligation, to contest the amount or validity, in whole or in part, of any Impositions not contested by Tenant, by appropriate
proceedings conducted in the name of Landlord or in the name of Landlord and Tenant. If Landlord elects to contest the amount or validity, in whole or in part, of any Impositions, such contests by Landlord shall be at Landlord’s expense,
provided, however, that if the amounts payable by Tenant for Impositions are reduced (or if a proposed increase in such amounts is avoided or reduced) by reason of Landlord’s contest of Impositions, Tenant shall reimburse Landlord for costs
incurred by Landlord in contesting Impositions, but such reimbursements shall not be in excess of the amount saved by Tenant by reason of Landlord’s actions in contesting such Impositions. 

ARTICLE VI 
 INSURANCE

  

	 	Section 6.1	Tenant’s Casualty Insurance Obligations. 

 Tenant, at its sole cost and expense,
shall obtain and continuously maintain in full force and effect during the term of this Lease, commencing with the date that rental (full or partial) commences, policies of insurance covering the Improvements constructed, installed or located on the
Demised Premises naming the Landlord, as an additional insured, against (a) loss or damage by fire; (b) loss or damage from such other risks or hazards now or hereafter embraced by an “Extended Coverage Endorsement”, including, but not
limited to, windstorm, hail, explosion, vandalism, riot and civil commotion, damage from vehicles, smoke damage, water damage and debris removal; (c) loss for flood if the Demised Premises are in a designated flood or flood insurance area; (d) loss
for damage by earthquake if the Demised Premises are located in an earthquake-prone area; (e) loss from so-called explosion, collapse and underground hazards; and (f) loss or damage from such other risks or hazards of a similar or dissimilar nature
which are now or may hereafter be customarily insured against with respect to improvements similar in construction, design, general location, use and occupancy to the Improvements. At all times, such insurance coverage shall be in an amount equal to
one hundred percent (100%) of the then “Full Replacement Cost” of the Improvements. “Full Replacement Cost” shall be interpreted to mean the cost of replacing the improvements without deduction for depreciation or wear and tear,
and it shall include a reasonable sum for architectural, engineering, legal, administrative and supervisory fees connected with the restoration or replacement of the Improvements in the event of damage thereto or destruction thereof. If a sprinkler
system shall be located in the Improvements, sprinkler leakage insurance shall be procured and continuously maintained by Tenant at Tenant’s sole cost and expense. For the period prior to the date the Initial Improvements are Substantially
Complete, 

  
 15 

 
Landlord, at its sole cost and expense, shall maintain in full force and effect, on a completed value basis, insurance coverage on the Building on Builder’s Risk or other comparable coverage
pursuant to Section 2.9 of this Lease. 
  

	 	Section 6.2	Tenant’s Liability and Other Insurance Coverage. 

 During the term of this Lease,
Tenant, at its sole cost and expense, shall obtain and continuously maintain in full force and effect the following insurance coverage: 

(a) Commercial general liability insurance against any loss, liability or damage on, about or relating to the Demised Premises, or any
portion thereof, with limits of not less than Five Million and 00/100 Dollars ($5,000,000.00) combined single limit, per occurrence and aggregate, coverage on an occurrence basis. Any such insurance obtained and maintained by Tenant shall name
Landlord as an additional insured therein, as its interest may appear, and shall be obtained and maintained from and with a reputable and financially sound insurance company authorized to issue such insurance in the state in which the Demised
Premises are located. Such insurance shall specifically insure (by contractual liability endorsement) Tenant’s insurable indemnification obligations provided in this Lease, including, without limitation, those under Section 20.3 and shall
expressly state that Tenant’s insurance will be provided on a primary and non-contributory basis. 
 (b) Property insurance upon all
of Tenant’s Removable Property in an amount equal to the Full Replacement Cost thereof, including any increase in value resulting from increased costs, with coverage against such perils and casualties as are commonly included in “all
risk” insurance policies (including sprinkler leakage). 
 (c) Boiler and pressure vessel (including, but not limited to, pressure
pipes, steam pipes and condensation return pipes) insurance, provided the Building contains a boiler or other pressure vessel or pressure pipes. Landlord shall be named as an additional insured in such policy or policies of insurance. 

(d) Such other insurance and in such amounts as may from time to time be reasonably required by Landlord, against other insurable hazards
which at the time are commonly insured against in the case of similar premises and/or buildings or improvements. 
 The insurance set forth
in this Section 6.2 shall be maintained by Tenant at not less than the limits set forth herein until reasonably required to be changed from time to time by Landlord, in writing, whereupon Tenant covenants to obtain and maintain thereafter such
protection in the amount or amounts so required by Landlord. 
  

	 	Section 6.3	Insurance Provisions. 

 All policies of property insurance required by Section 6.1
shall provide that the proceeds thereof (exclusive of proceeds attributable to Tenant’s Removable Property and other property of Tenant) shall be payable to Landlord and Tenant and, if Landlord so requests, shall also be jointly payable to the
holder of any mortgages now or hereafter becoming a lien on the fee of the Demised Premises, or any portion thereof, as the interest of such holder appears pursuant to a standard mortgagee clause (provided such holder expressly agrees to disburse
the proceeds for the restoration of the Improvements in accordance with the requirements of this Lease). Tenant shall not, on Tenant’s own initiative or pursuant to request or requirement of any third party, take out separate insurance
concurrent in form or contributing in the event of loss with that required in Section 6.1 hereof, unless Landlord is named therein as an additional insured with loss payable as in this Section 6.3 provided. Tenant shall immediately notify
Landlord whenever any such separate insurance is taken out and shall deliver to Landlord original certificates evidencing the same. 
 Each
policy required under this Article VI shall have attached thereto (a) an endorsement that such policy shall not be cancelled or materially changed without at least thirty (30) days prior written notice to Landlord, and (b) an endorsement to the
effect that the insurance shall not be invalidated by any act or neglect of Landlord or Tenant. All policies of insurance shall be written in companies reasonably satisfactory to Landlord and licensed in the state in which the Demised Premises are
located. Such certificates of insurance shall be in a form reasonably acceptable to Landlord, and shall be delivered to Landlord (i) upon commencement of the Initial Term and (ii) at least twenty (20) days prior to expiration of such policy. 

  
 16 

	 	Section 6.4	Waiver of Subrogation. 

 The parties hereto shall each procure an appropriate clause in,
or endorsement on, any property insurance policy on the Demised Premises or any personal property, fixtures or equipment located thereon or therein, pursuant to which the insurer waives subrogation or consents to a waiver of right of recovery in
favor of either party, its respective agents or employees. Having obtained such clauses and/or endorsements, each party hereby agrees that it will not make any claim against or seek to recover from the other or its agents or employees for any loss
or. damage to its property or the property of others or on account of loss of business resulting from fire or other perils covered or coverable by the insurance coverages required to be carried under this Lease by such waiving party regardless of
the cause or origin of such loss or damage, including, but not limited to, the negligence of such other party or its agents or employees. 
  

	 	Section 6.5	Tenant’s Additional Insurance Coverage. 

 Tenant shall maintain insurance coverage
(including loss of use and business interruption coverage) upon Tenant’s business and upon all personal property of Tenant or the personal property of others kept, stored or maintained on the Demised Premises against loss or damage by fire,
windstorm or other casualties or causes for such amount as Tenant may desire, and Tenant agrees that such policies shall contain a waiver of subrogation clause. 
  

	 	Section 6.6	Unearned Premiums. 

 Upon expiration of the term of this Lease, the unearned premiums
upon any insurance policies or certificates thereof lodged with Landlord by Tenant shall, subject to the provisions of Article XIII hereof, be payable to Tenant, provided that Tenant shall not then be in default in keeping, observing or performing
the terms and conditions of this Lease. 
  

	 	Section 6.7	Blanket Insurance Coverage. 

 Nothing in this Article shall prevent Tenant from taking
out insurance of the kind and in the amount provided for under the preceding paragraphs of this Article under a blanket insurance policy or policies (certificates thereof reasonably satisfactory to Landlord shall be delivered to Landlord) which may
cover other properties owned or operated by Tenant as well as the Demised Premises; provided, however, that any such policy of blanket insurance of the kind provided for shall (a) specify therein the amounts thereof exclusively allocated to the
Demised Premises or Tenant shall furnish Landlord and the holder of any fee mortgage with a written statement from the insurers under such policies specifying the amounts of the total insurance exclusively allocated to the Demised Premises, and
(b) not contain any clause which would result in the insured thereunder being required to carry any insurance with respect to the property covered thereby in an amount not less than any specific percentage of the Full Replacement Cost of such
property in order to prevent the insured therein named from becoming a co-insurer of any loss with the insurer under such policy; and further provided, however, that such policies of blanket insurance shall, as respects the Demised Premises, contain
the various provisions required of such an insurance policy by the foregoing provisions of this Article VI. 
 ARTICLE VII 

UTILITIES 
  

	 	Section 7.1	Payment of Utilities. 

 During the term of this Lease, Tenant will pay, when due, all
charges of every nature, kind or description for utilities furnished to the Demised Premises or chargeable against the Demised Premises, including all charges for water, sewage, heat, gas, light, garbage, electricity, telephone, steam, power or
other public or private utility services. All charges for utilities or services at the Demised Premises prior to the Commencement Date shall be part of Total Project Costs. 

  
 17 

	 	Section 7.2	Additional Charges. 

 In the event that any charge or fee is required after the
Commencement Date by the state in which the Demised Premises are located, or by any agency, subdivision or instrumentality thereof, or by any utility company furnishing services or utilities to the Demised Premises, as a condition precedent to
continuing to furnish utilities or services to the Demised Premises, such charge or fee shall be deemed to be a utility charge payable by Tenant. The provisions of this Section 7.2 shall include, but not be limited to, any charges or fees for
present or future water or sewer capacity to serve the Demised Premises, any charges for the underground installation of gas or other utilities or services, and other charges relating to the extension of or change in the facilities necessary to
provide the Demised Premises with adequate utility services. In the event that Landlord has paid any such charge or fee which accrues after the Commencement Date and was not included in Total Project Costs, Tenant shall reimburse Landlord for such
utility charge. 
 ARTICLE VIII 

REPAIRS 
  

	 	Section 8.1	Tenant’s Repairs. 

 Save and except for (i) the one-year guaranty against
defective materials and workmanship provided in Section 2.7 hereof, (ii) the completion of the Punchlist Items provided in Section 2.6 hereof and (iii) the obligations of Landlord specifically set forth in Section 8.7 and
Section 9.1 hereof, Tenant, at its sole cost and expense, throughout the term of this Lease, shall take good care of the Demised Premises (including any improvements hereafter erected or installed on the Land), and shall keep the same in good
order, condition and repair, and subject to Section 8.7 and Section 9.1, shall make and perform all routine maintenance thereof and all necessary repairs thereto, interior and exterior, structural and nonstructural, ordinary and
extraordinary, foreseen and unforeseen, of every nature, kind and description. When used in this Article VIII, “repairs” shall include all necessary replacements, renewals, alterations, additions and betterments. All repairs made by Tenant
shall be at least equal in quality and cost to the original work and shall be made by Tenant in accordance with all laws, ordinances and regulations whether heretofore or hereafter enacted. The necessity for or adequacy of maintenance and repairs
shall be measured by the standards which are appropriate for improvements of similar construction, age and class, provided that Tenant shall in any event make all repairs necessary to avoid any structural damage or other damage or injury to the
Improvements. 
  

	 	Section 8.2	Maintenance. 

 Tenant, at its sole cost and expense, shall take good care of, repair and
maintain all driveways, pathways, roadways, sidewalks, curbs, spur tracks, parking areas, loading areas, landscaped areas, entrances and passageways on the Demised Premises in good order and repair and shall promptly remove all accumulated snow and
debris (including reasonable treatment of ice) from any and all driveways, pathways, roadways, sidewalks, curbs, parking areas, loading areas, entrances and passageways on the Demised Premises, and keep all portions of the Demised Premises,
including areas appurtenant thereto, in a clean and orderly condition, reasonably free of snow, ice, dirt, rubbish, debris and unlawful obstructions. 
  

	 	Section 8.3	Tenant’s Waiver of Claims Against Landlord. 

 Except for Landlord’s obligations
set forth in Article II and Sections 8.7 and 9.1 of this Lease, Landlord shall not be required to furnish any services or facilities or to make any repairs or alterations in, about or to the Demised Premises or any improvements hereafter erected
thereon and Tenant hereby assumes the full and sole responsibility for the condition, operation, repair, replacement, maintenance and management of the Demised Premises and all improvements hereafter erected thereon. 

 

	 	Section 8.4	Prohibition Against Waste. 

 Tenant shall not do or suffer any waste or damage,
disfigurement or injury to the Demised Premises, or any improvements hereafter erected thereon, or to the fixtures or equipment therein, or permit or suffer any overloading 

  
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of the floors or other use of the Improvements that would place an undue stress on the same or any portion thereof beyond that for which the same was designed. 

 

	 	Section 8.5	Landlord’s Right to Effect Repairs. 

 If Tenant should fail to perform any of its
obligations under this Article VIII, then Landlord may, if it so elects, in addition to any other remedies provided herein, effect such repairs and maintenance. Any sums expended by Landlord in effecting such repairs and maintenance shall be due and
payable, on demand, together with interest thereon at the Maximum Rate of Interest from the date of each such expenditure by Landlord to the date of repayment by Tenant. 
  

	 	Section 8.6	Misuse or Neglect. 

 Tenant shall be responsible for all repairs to the Building which
are made necessary by any misuse or neglect by: (i) Tenant or any of its officers, agents, employees, contractors, licensees or subtenants; or (ii) any visitors, patrons, guests or invitees of Tenant or its subtenant while in or upon the
Demised Premises. 
  

	 	Section 8.7	Landlord’s Repair Obligations. 

 Notwithstanding anything contained in this Article
VIII to the contrary (except for repairs made necessary by damage caused by Tenant), during the term of this Lease, Landlord, at its sole cost and expense (but subject to recovery from Tenant as hereinafter provided), and in a similar manner to
similar buildings located in the greater Des Moines, Iowa metropolitan area, shall make any necessary repairs to the foundation of the Building and replacements of all or any portion of the roof of the Building, including the roof membrane. The
costs of such repairs or replacements, as applicable, required to be performed by Landlord pursuant to this Section 8.7 shall be amortized over the useful life of the applicable improvement in accordance with generally accepted accounting
principles, consistently applied, and Tenant shall pay to Landlord, as Additional Rent, 1/12th of the annual amortization of such costs each month (such amortization to include the cost thereof
plus interest thereon at 2% in excess of the prime rate announced by U.S. Bank National Association in effect at the date of the expenditure) during the remainder of the term of this Lease, as the same may be extended. During the term of this Lease,
Tenant shall not allow to be overloaded the roof of the Building and no materials or equipment shall be placed upon the roof of the Building without the prior written consent of Landlord. At any time that any person (other than authorized service
personnel in connection with Tenant’s service and maintenance contract for the roof) goes upon the roof of the Building or any materials or equipment are placed upon such roof, Tenant shall reasonably notify and allow Landlord or its agent to
inspect and approve the roof operation or procedure and shall not take any action affecting the roof without Landlord’s approval. After Tenant receives Landlord’s written approval of the service company and the service contract maintained
by Tenant on the roof, the foregoing shall not prohibit or require notice to Landlord for employees of such service company to access the roof and perform maintenance obligations under such service contract. Notwithstanding anything in this Lease to
the contrary, in the event that (i) Tenant at any time subjects the floors of the Building or any part thereof to any load exceeding the live load capacity of such floors or fails to use all reasonable and prudent storage techniques, including,
without limitation, even distribution of weight loads, (ii) Tenant acts or fails to act in such a manner as to invalidate, void, nullify, or impair any warranty obtained by Landlord for any component of the Building which is subject to
Landlord’s repair obligations under this Section 8.7, (iii) Tenant, its agents, employees, contractors, customers or invitees, causes any uninsured structural damage in breach of Tenant’s covenants under this Lease, or (iv) Tenant breaches
or defaults under any provision of this Lease and as a result thereof, repairs to the Building for which Landlord is responsible under this Lease are made necessary, then the reasonable cost of any resulting repairs shall be immediately due and
payable by Tenant as Additional Rent. 

  
 19 

 ARTICLE IX 

COMPLIANCE WITH LAWS AND ORDINANCES 
  

	 	Section 9.1	Compliance with Laws and Ordinances. 

 Tenant shall throughout the term of this Lease, at
Tenant’s sole cost and expense, promptly comply or cause compliance with or remove or cure any violation of any and all present and future laws, ordinances, orders, rules, regulations and requirements of all federal, state, municipal and other
governmental bodies having jurisdiction over the Demised Premises, including, without limitation, those pertaining to indoor air quality, and the appropriate departments, commissions, boards and officers thereof, and the orders, rules and
regulations of the Board of Fire Underwriters where the Demised Premises are situated, or any other body now or hereafter constituted exercising lawful or valid authority over the Demised Premises, or any portion thereof, or the sidewalks, curbs,
roadways, alleys, entrances or railroad track facilities adjacent or appurtenant thereto, or exercising authority with respect to the use or manner of use of the Demised Premises, or such adjacent or appurtenant facilities, and whether the
compliance, curing or removal of any such violation and the costs and expenses necessitated thereby shall have been foreseen or unforeseen, ordinary or extraordinary, and whether or not the same shall be presently within the contemplation of
Landlord or Tenant or shall involve any change of governmental policy, or require structural or extraordinary repairs, alterations or additions by Tenant and irrespective of the costs thereof. Landlord shall deliver the Demised Premises to Tenant
with the Initial Improvements in compliance in all material respects with applicable laws and without the need for any grandfathering status, variance or special permit. If any repairs, alterations, replacements or other improvements to the Demised
Premises are required to be performed to render the Demised Premises in compliance with applicable laws first enacted or first effective after the Commencement Date (including with regard to the Americans with Disabilities Act) and (i) the cost
of such repairs, alterations, replacements or improvements will exceed $125,000.00, (ii) the enactment of such laws was on or after the third anniversary of the Commencement Date and (ii) such laws apply to distribution and light
manufacturing facilities generally, and not because of Tenant’s specific use of the Demised Premises or Improvements or alterations constructed by Tenant, then such required repairs, alterations, replacements or improvements shall be performed
by Landlord, and the costs incurred by Landlord therefor shall be amortized over the useful life of the applicable improvement in accordance with generally accepted accounting principles, consistently applied, and Tenant shall pay to Landlord, as
Additional Rent, 1/12th of the annual amortization of such excess costs each month (such amortization to include the cost thereof plus interest thereon at 2% in excess of the prime rate announced by U.S. Bank National Association in effect at the
date of the expenditure) during the remainder of the scheduled term of this Lease at such time. Notwithstanding the foregoing, and anything in this Lease to the contrary notwithstanding, if roadway or circulation improvements of the type
contemplated by Section 12.11 of the Employer Agreement are required or deemed necessary by any applicable laws, ordinances, orders, rules, regulations or requirements of any applicable governmental authority having jurisdiction over the
Demised Premises or otherwise, then Tenant (and not Landlord) shall be responsible for any and all costs and expenses of any nature whatsoever arising from, related thereto or in connection therewith, without any amortization as contemplated by the
preceding provisions of this Section 9.1. Tenant shall remain responsible for all other costs of compliance with laws not expressly set forth herein as Landlord’s responsibility. 

 

	 	Section 9.2	Compliance with Permitted Encumbrances. 

 Tenant, at its sole cost and expense, shall
comply with all agreements, contracts, easements, restrictions, reservations or covenants of record as of the date of this Lease, or hereafter created by Tenant or consented to, in writing, by Tenant or requested, in writing, by Tenant. Tenant shall
also comply with, observe and perform all provisions and requirements of all policies of insurance at any time in force with respect to the Demised Premises and required to be obtained and maintained under the terms of Article VI hereof and shall
comply with all development permits issued by governmental authorities issued in connection with development of the Demised Premises. 
  

	 	Section 9.3	Tenant’s Obligations. 

 Notwithstanding that it may be usual and customary for
Landlord to assume responsibility and performance of any or all of the obligations set forth in this Article IX, and notwithstanding any order, rule or regulation directed to Landlord to perform, Tenant hereby assumes such obligations because, by
nature of this Lease, the rents and income 

  
 20 

 
derived from this Lease by Landlord are net rentals not to be diminished by any expense incident to the ownership, occupancy, use, leasing or possession of the Demised Premises or any portion
thereof, except as otherwise expressly set forth in this Lease. 
  

	 	Section 9.4	Tenant’s Right to Contest Laws and Ordinances. 

 After prior written notice to
Landlord, Tenant, at its sole cost and expense and without cost or expense to Landlord, shall have the right to contest the validity or application of any law or ordinance referred to in this Article IX in the name of Tenant or Landlord, or both, by
appropriate legal proceedings diligently conducted but only if compliance with the terms of any such law or ordinance pending the prosecution of any such proceeding may legally be delayed without the incurrence of any lien, charge or liability of
any kind against the Demised Premises, or any portion thereof, and without subjecting Landlord or Tenant to any liability, civil or criminal, for failure so to comply therewith until the final determination of such proceeding; provided, however, if
any lien, charge or civil liability would be incurred by reason of any such delay, Tenant nevertheless, on the prior written consent of Landlord, may contest as aforesaid and delay as aforesaid, provided that such delay would not subject Tenant or
Landlord to criminal liability and Tenant (a) furnishes Landlord security, reasonably satisfactory to Landlord, against any loss or injury by reason of any such contest or delay, (b) prosecutes the contest with due diligence and in good
faith, and (c) agrees to indemnify, defend and hold harmless Landlord and the Demised Premises from any charge, liability or expense whatsoever. The security furnished to Landlord by Tenant shall be in the form of a cash deposit or a
certificate of deposit issued by a national bank or federal savings and loan association payable to Landlord. Said deposit shall be held, administered and distributed in accordance with the provisions of Section 5.2 hereof relating to the
contest of the amount or validity of any Imposition. 
 If necessary or proper to permit Tenant so to contest the validity or application of
any such law or ordinance, Landlord shall, at Tenant’s sole cost and expense, including reasonable attorneys’ fees incurred by Landlord, execute and deliver any appropriate papers or other documents; provided, however, Landlord shall not
be required to execute any document or consent to any proceeding which would result in the imposition of any cost, charge, expense or penalty on Landlord or the Demised Premises. 

 

	 	Section 9.5	Compliance with Hazardous Materials Laws. 

 Tenant shall at all times and in all respects
comply with all federal, state and local laws, ordinances and regulations relating to the industrial hygiene, environmental protection or the use, analysis, generation, manufacture, storage, presence, disposal or transportation of any oil, petroleum
products, flammable explosives, asbestos, urea formaldehyde, polychlorinated biphenyls, radioactive materials or waste, or other hazardous, toxic, contaminated or polluting materials, substances or wastes (“Hazardous Materials
Laws”), including without limitation any “hazardous substances”, “hazardous wastes”, “hazardous materials” or “toxic substances” as so defined under any such Hazardous Materials Laws (collectively,
“Hazardous Materials”). 
 Tenant shall at its own expense procure, maintain in effect and comply with all conditions of
any and all permits, licenses and other governmental and regulatory approvals required for Tenant’s use of the Demised Premises, including, without limitation, discharge of (appropriately treated) materials or waste into or through any sanitary
sewer system serving the Demised Premises. Except as discharged into the sanitary sewer in strict accordance and conformity with all applicable Hazardous Materials Laws, Tenant shall cause any and all Hazardous Materials used, stored or generated by
Tenant to be removed from the Demised Premises and transported solely by duly licensed haulers to duly licensed facilities for final disposal of such Hazardous Materials and wastes. Tenant shall in all respects, handle, treat, deal with and manage
any and all Hazardous Materials in, on, under or about the Demised Premises in complete conformity with all applicable Hazardous Materials Laws and prudent industry practices regarding the management of such Hazardous Materials. All reporting
obligations to the extent imposed upon Tenant by Hazardous Materials Laws are solely the responsibility of Tenant. Upon expiration or earlier termination of this Lease, Tenant shall cause all Hazardous Materials, but only if and to the extent such
Hazardous Materials were generated, stored, released or disposed of on the Demised Premises during the term of this Lease by Tenant or any of Tenant’s agents, employees, contractors, subtenants, assignees or invitees, to be removed from the
Demised Premises and transported for use, storage or disposal in accordance and in compliance with all applicable Hazardous Materials Laws. Unless expressly required by applicable laws, including Hazardous Materials Laws, Tenant shall not take any
remedial action in response to the presence of any Hazardous Materials in, on, about or 

  
 21 

 
under the Demised Premises or in any Improvements situated on the Land, nor enter into any settlement agreement, consent, decree or other compromise in respect to any claims relating to any way
connected with the Demised Premises or the Improvements on the Land without first notifying Landlord of Tenant’s intention to do so and affording Landlord ample opportunity to appear, intervene or otherwise appropriately assert and protect
Landlord’s interest with respect thereto. In addition, at Landlord’s request, at the expiration of the term of this Lease, Tenant shall remove all tanks or fixtures which were placed on the Demised Premises during the term of this Lease by
Tenant and which contain, have contained or are contaminated with, Hazardous Materials. 
 Tenant shall promptly notify Landlord in writing
of (a) any enforcement, clean-up, removal or other governmental or regulatory action instituted, completed or threatened pursuant to any Hazardous Materials Laws; (b) any claim made or threatened by any person against Tenant, or the Demised
Premises, relating to damage, contribution, cost recovery, compensation, loss or injury resulting from or claimed to result from any Hazardous Materials; and (c) any reports made to any environmental agency arising out of or in connection with
any Hazardous Materials in, on or about the Demised Premises or with respect to any Hazardous Materials removed from the Demised Premises, including, any complaints, notices, warnings, reports or asserted violations in connection therewith. Tenant
shall also provide to Landlord, as promptly as possible, and in any event within five (5) business days after Tenant first receives or sends the same, copies of all claims, reports, complaints, notices, warnings or asserted violations relating
in any way to the Demised Premises or Tenant’s use thereof. Upon written request of Landlord (to enable Landlord to defend itself from any claim or charge related to any Hazardous Materials Law), Tenant shall promptly deliver to Landlord
notices of hazardous waste manifests reflecting the legal and proper disposal of all such Hazardous Materials removed or to be removed from the Demised Premises. All such manifests shall list the Tenant or its agent as a responsible party and in no
way shall attribute responsibility for any such Hazardous Materials to Landlord. Landlord shall promptly notify Tenant in writing of (i) any enforcement, cleanup, removal or other governmental or regulatory action instituted, completed or
threatened pursuant to any Hazardous Materials Laws with respect to the Demised Premises; (ii) any claim made or threatened by any person against Landlord, or the Demised Premises, relating to damage, contribution, cost recovery, compensation,
loss or injury resulting from or claimed to result from any Hazardous Materials with respect to the Demised Premises; and (iii) any reports made to any environmental agency arising out of or in connection with any Hazardous Materials in, on or about
the Demised Premises or with respect to any Hazardous Materials removed from the Demised Premises, including, any complaints, notices, warnings, reports or asserted violations in connection therewith. Landlord shall also provide to Tenant, as
promptly as possible, and in any event within five (5) business days after Landlord first receives or sends the same, copies of all claims, reports, complaints, notices, warnings or asserted violations relating in any way to the Demised
Premises or Landlord’s ownership thereof. 
  

	 	Section 9.6	Hazardous Materials Representation and Indemnification by Landlord. 

 To Landlord’s
knowledge, Landlord is not aware of any Hazardous Materials which exist or are located on or in the Demised Premises, except as may be disclosed in that certain Phase I Environmental Site Assessment prepared by Terracon Consultants, Inc., as its
Project No. 08077748 and dated October 23, 2007. Further, Landlord represents to Tenant that, to the best of its knowledge, Landlord has not caused the generation, storage or release of Hazardous Materials upon the Demised Premises, except in
accordance with Hazardous Materials Laws. Landlord agrees to indemnify, defend and hold harmless Tenant from and against all claims, liabilities, damages (excluding special, consequential, punitive, incidental and similar type damages except to the
extent claimed by any third party), costs, losses and expenses (including, but not limited to, reasonable attorneys’ fees and engineering fees) to the extent caused by (i) the existence of any Hazardous Materials at the Demised Premises in
violation of applicable Hazardous Materials Laws as a result of Landlord’s construction of the Initial Improvements, and (ii) any breach by Landlord of any of its representations in this Section 9.6; provided, however, in case any claim,
action, suit or proceeding shall be brought against Tenant and such matter is subject to Landlord’s indemnification as provided above, Tenant shall promptly notify Landlord of the same in sufficient time to avoid any prejudice to Landlord and
Tenant shall tender defense of any such claim to Landlord, who shall have the right to assume and control the defense thereof with counsel of its own selection, and Landlord shall have the right to control any resulting remediation. If Landlord is
required to take any action with respect to Hazardous Materials in accordance with the foregoing provisions of this Section 9.6, then Landlord’s obligations shall include, without limitation, and whether foreseeable or unforeseeable, all costs
of any required or necessary repairs, clean-up or detoxification or decontamination of the Demised Premises or the Initial Improvements, and the presence and implementation of any closure, remedial action or other required plans in connection
therewith, in each case if, as and to the extent required 

  
 22 

 
by applicable Hazardous Materials Laws, and such obligations shall survive the expiration or earlier termination of the term of this Lease. For purposes of the indemnity provided herein, any acts
or omissions of Landlord, or its employees, agents, contractors or sub-contractors (whether or not they are negligent, intentional, willful or unlawful) shall be strictly attributable to Landlord, but not any contamination caused by trespassers or
other migratory contamination. 
  

	 	Section 9.7	Cost of Compliance with Hazardous Materials Laws. 

 Provisions of Sections 9.5 and 9.6
notwithstanding, Tenant shall be responsible only for that part of the cost of compliance with Hazardous Materials Laws which relates to a breach by Tenant of the covenants contained in this Lease to be kept and performed by Tenant, including but
not limited to the covenants contained in Section 9.5. Landlord shall be responsible only for that part of the cost of compliance with Hazardous Materials Laws which relates to a breach by Landlord of the covenants contained in this Lease,
including but not limited to the covenants contained in Section 9.6. 
  

	 	Section 9.8	Discovery of Hazardous Materials. 

 In the event (a) Hazardous Materials are
discovered upon the Demised Premises, (b) Landlord has been given written notice of the discovery of such Hazardous Materials, and (c) pursuant to the provisions of Section 9.7, neither Landlord nor Tenant is obligated to pay the cost
of compliance with Hazardous Materials Laws, then and in that event Landlord may voluntarily but shall not be obligated to agree with Tenant to take all action necessary to bring the Demised Premises into compliance with Hazardous Materials Laws at
Landlord’s sole cost. In the event Landlord fails to notify Tenant in writing within thirty (30) days of the notice to Landlord of the discovery of such Hazardous Materials that Landlord intends to voluntarily take such action as is
necessary to bring the Demised Premises into compliance with Hazardous Materials Laws, then Tenant as its sole and exclusive right and remedy therefor may (i) bring the Demised Premises into compliance with Hazardous Materials Laws at
Tenant’s sole cost or (ii) provided such Hazardous Materials endanger persons or property in, on or about the Demised Premises or materially interfere with Tenant’s use of the Demised Premises, terminate this Lease on a date not less
than ninety (90) days following written notice of such intent to terminate. 
  

	 	Section 9.9	Indemnification. 

 Tenant agrees to indemnify, defend (with counsel reasonably acceptable
to Landlord), protect and hold harmless Landlord and each of Landlord’s officers, directors, partners, employees, agents, attorneys, successors and assigns from and against any and all claims, liabilities, damages, costs, penalties,
forfeitures, losses or expenses (including attorneys’ fees) for death or injury to any person or damage to any property whatsoever (including water tables and atmosphere) arising or resulting in whole or in part, directly or indirectly, from
the presence or discharge of Hazardous Materials, in, on, under, upon or from the Demised Premises or the Improvements located thereon or from the transportation or disposal of Hazardous Materials to or from the Demised Premises in each case to the
extent caused by Tenant or its employees, agents, customers, sublessees, assignees, contractors or subcontractors, whether knowingly or unknowingly, the standard herein being one of strict liability with respect to contamination caused by Tenant or
its employees, agents, customers, sublessees, assignees, contractors or subcontractors and not with respect to contamination caused by trespassers or other migratory contamination. Tenant’s obligations hereunder shall include, without
limitation, and whether foreseeable or unforeseeable, all costs of any required or necessary repairs, clean-up or detoxification or decontamination of the Demised Premises or the Improvements, and the presence and implementation of any closure,
remedial action or other required plans in connection therewith, in each case if, as and to the extent required by applicable Hazardous Materials Laws, and shall survive the expiration of or early termination of the term of this Lease. For purposes
of the indemnity provided herein, any acts or omissions of Tenant, or any employees, agents, customers, sublessees, assignees, contractors or subcontractors of Tenant (whether or not they are negligent, intentional, willful or unlawful) shall be
strictly attributable to Tenant. 
  

	 	Section 9.10	Environmental Audits. 

 Upon request by Landlord not earlier than three hundred sixty
(360) days prior to the expiration of this Lease, prior to vacating the Demised Premises, Tenant shall undertake and submit to Landlord an environmental site assessment (commonly referred to as a “Phase I”) from an environmental
company reasonably acceptable to Landlord, which 

  
 23 

 
assessment shall evidence Tenant’s compliance with this Article IX. If such assessment recommends further investigation or testing (commonly referred to as a “Phase II”),
Tenant shall undertake and submit to Landlord such further investigation or testing from an environmental company reasonably acceptable to Landlord and, if such investigation or testing reveals that Tenant has violated the foregoing provisions of
this Article IX, Tenant shall cause the applicable Hazardous Materials to be removed from the Demised Premises as provided above and shall remediate any Hazardous Materials in accordance with applicable Hazardous Materials Laws. 

 

	 	Section 9.11	Acts or Omissions Regarding Hazardous Materials. 

 For purposes of the covenants and
agreements contained in Sections 9.5 through 9.10, inclusive, any acts or omissions of Tenant, its employees, agents, customers, sublessees, assignees, contractors or sub-contractors (except Contractor, Landlord and its sub-contractors
providing the Improvements) shall be strictly attributable to Tenant; any acts or omissions of Landlord, its employees, agents, customers, assignees, contractors or sub-contractors shall be strictly attributable to Landlord. 

 

	 	Section 9.12	Survival. 

 The respective rights and obligations of Landlord and Tenant under this
Article IX shall survive the expiration or earlier termination of this Lease. 
 ARTICLE X 

MECHANIC’S LIENS AND OTHER LIENS 
  

	 	Section 10.1	Freedom from Liens. 

 Except with respect to liens for which Landlord is responsible
under this Lease, Tenant shall not suffer or permit any mechanic’s lien or other lien to be filed against the Demised Premises, or any portion thereof, by reason of work, labor, skill, services, equipment or materials supplied or claimed to
have been supplied to the Demised Premises at the request of Tenant, or anyone holding the Demised Premises, or any portion thereof, through or under Tenant. If any such mechanic’s lien or other lien shall at any time be filed against the
Demised Premises, or any portion thereof, Tenant shall cause the same to be discharged of record within thirty (30) days after the date of filing the same. If Tenant shall fail to discharge such mechanic’s lien or liens or other lien
within such period, then, in addition to any other right or remedy of Landlord, after five (5) days prior written notice to Tenant, Landlord may, but shall not be obligated to, discharge the same by paying to the claimant the amount claimed to
be due or by procuring the discharge of such lien as to the Demised Premises by deposit in the court having jurisdiction of such lien, the foreclosure thereof or other proceedings with respect thereto, of a cash sum sufficient to secure the
discharge of the same, or by the deposit of a bond or other security with such court sufficient in form, content and amount to procure the discharge of such lien, or in such other manner as is now or may in the future be provided by present or
future law for the discharge of such lien as a lien against the Demised Premises. Any amount paid by Landlord, or the value of any deposit so made by Landlord, together with all costs, fees and expenses in connection therewith (including reasonable
attorneys’ fees of Landlord), together with interest thereon at the Maximum Rate of Interest set forth in Section 3.5 hereof, shall be repaid by Tenant to Landlord on demand by Landlord and if unpaid may be treated as Additional Rent.
Tenant shall indemnify, defend and hold harmless Landlord and the Demised Premises, and any portion thereof, from all losses, costs, damages, expenses, liabilities, suits, penalties, claims, demands and obligations, including, without limitation,
reasonable attorneys’ fees resulting from the assertion, filing, foreclosure or other legal proceedings with respect to any such mechanic’s lien or other lien. 
  

	 	Section 10.2	Landlord’s Indemnification. 

 The provisions of Section 10.1 above shall not apply
to any mechanic’s lien or other lien for labor, services, materials, supplies, machinery, fixtures or equipment furnished to the Demised Premises in the performance of Landlord’s obligations to construct the Improvements required by the
provisions of Article II hereof, and Landlord does hereby agree to indemnify, defend and hold harmless Tenant and the Demised Premises, and any portion thereof, from all losses, costs, damages, expenses, liabilities and obligations, including,
without limitation, 

  
 24 

 
reasonable attorneys’ fees resulting from the assertion, filing, foreclosure or other legal proceedings with respect to any such mechanic’s lien or other lien. 

 

	 	Section 10.3	Removal of Liens. 

 Except as otherwise provided for in this Article X, Tenant shall not
create, permit or suffer, and shall promptly discharge and satisfy of record, any other lien, encumbrance, charge, security interest or other right or interest which shall be or become a lien, encumbrance, charge or security interest upon the
Demised Premises, or any portion thereof, or the income therefrom, or on the interest of Landlord or Tenant in the Demised Premises, or any portion thereof, save and except for those liens, encumbrances, charges, security interests or other rights
or interests consented to, in writing, by Landlord, or those mortgages, assignments of rents, assignments of leases and other mortgage documentation placed thereon by Landlord in financing or refinancing the Demised Premises. 

ARTICLE XI 
 INTENT OF
PARTIES 
  

	 	Section 11.1	Net Lease. 

 Landlord and Tenant do each state and represent that it is the intention of
each of them that this Lease be interpreted and construed as a net lease and, except as otherwise expressly set forth in this Lease and except for Landlord’s express obligations under this Lease, all Basic Rent and Additional Rent shall be paid
by Tenant to Landlord without abatement, deduction, diminution, deferment, suspension, reduction or setoff, and the obligations of Tenant shall not be affected by reason of damage to or destruction of the Demised Premises from whatever cause (except
as expressly provided in this Lease); nor shall the obligations of Tenant be affected by reason of any condemnation, eminent domain or like proceedings (except as expressly provided in this Lease); nor shall the obligations of Tenant be affected by
reason of any other cause whether similar or dissimilar to the foregoing or by any laws or customs to the contrary. It is the further express intent of Landlord and Tenant that the obligations of Landlord and Tenant hereunder shall be separate and
independent covenants and agreements and that the Basic Rent and Additional Rent, and all other charges and sums payable by Tenant hereunder, shall commence at the times provided herein and shall continue to be payable in all events unless the
obligations to pay the same shall be terminated pursuant to an express provision in this Lease. 
  

	 	Section 11.2	Entry by Landlord. 

 If Tenant shall at any time fail to pay any Imposition in accordance
with the provisions of Article V, or to take out, pay for, maintain and deliver any of the insurance policies or certificates of insurance provided for in Article VI, or shall fail to make any other payment or perform any other act on its part to be
made or performed, then Landlord, after prior written notice to Tenant as provided in Section 12.1 (or without notice in case of emergency), and without waiving or releasing Tenant from any obligation of Tenant contained in this Lease, may, but
shall be under no obligation to do so, (a) pay any Imposition payable by Tenant pursuant to the provisions of Article V; (b) take out, pay for and maintain any of the insurance policies provided for in this Lease; or (c) make any
other payment or perform any other act on Tenant’s part to be paid or performed as in this Lease provided, and Landlord may enter upon the Demised Premises for any such purpose and take all such action therein or thereon as may be necessary
therefor. Nothing herein contained shall be deemed as a waiver or release of Tenant from any obligation of Tenant contained in this Lease. 
  

	 	Section 11.3	Interest on Unpaid Amounts. 

 If Tenant shall fail to perform any act required of it,
Landlord may perform the same, but shall not be required to do so, in such manner and to such extent as Landlord may deem necessary or desirable, and in exercising any such right to employ counsel and to pay necessary and incidental costs and
expenses, including reasonable attorneys’ fees. All sums so paid by Landlord and all necessary and incidental costs and expenses, including reasonable attorneys’ fees, in connection with the performance of any such act by Landlord,
together with interest thereon at the Maximum Rate of Interest provided in Section 3.5 hereof from the date of making such expenditure by Landlord, shall be deemed Additional Rent hereunder and, except as is otherwise expressly provided herein,
shall be payable 

  
 25 

 
to Landlord on demand or, at the option of Landlord, may be added to any monthly rental then due or thereafter becoming due under this Lease, and Tenant covenants to pay any such sum or sums,
with interest as aforesaid, and Landlord shall have, in addition to any other right or remedy of Landlord, the same rights and remedies in the event of nonpayment thereof by Tenant as in the case of default by Tenant in the payment of monthly Basic
Rent. 
 ARTICLE XII 

DEFAULTS; REMEDIES 
  

	 	Section 12.1	Events of Default. 

 The occurrence of any of the following shall constitute a default
and breach of this Lease by Tenant (hereafter an “Event of Default”): 
 12.1.1. Vacation;
Abandonment. If Tenant abandons or vacates the Demised Premises in violation of the terms of the Employer Agreement. 

12.1.2. Failure to Pay. If Tenant fails to pay Rent or any other charge as and when due where such failure continues
for ten (10) days after written notice thereof by Landlord to Tenant; 
 12.1.3. Failure to Perform. If Tenant
fails to perform any of Tenant’s nonmonetary obligations under this Lease for a period of thirty (30) days after written notice from Landlord; provided that if more time is required to complete such performance, Tenant shall not be in
default if Tenant commences such performance within the thirty (30)-day period and thereafter diligently and continuously pursues its completion. 

12.1.4. Other Defaults. (i) If Tenant makes a general assignment or general arrangement for the benefit of
creditors; (ii) a petition for adjudication of bankruptcy or for reorganization or rearrangement is filed by or against Tenant and is not dismissed within thirty (30) days; (iii) if a trustee or receiver is appointed to take
possession of substantially all of Tenant’s assets located at the Demised Premises or of Tenant’s interest in this Lease and possession is not restored to Tenant within thirty (30) days; or (iv) if substantially all of
Tenant’s assets located at the Demised Premises or of Tenant’s interest in this Lease is subjected to attachment, execution or other judicial seizure which is not discharged within thirty (30) days. 

The notices required by this Section are intended to satisfy any and all notice requirements imposed by law on Landlord and are not in addition to any such
requirement. 
  

	 	Section 12.2	Remedies. 

 On the occurrence of any Event of Default by Tenant, Landlord may, at any
time thereafter, with or without notice or demand and without limiting Landlord in the exercise of any right or remedy which Landlord may have: 

(a) Terminate this Lease, or terminate Tenant’s right to possession of the Demised Premises without terminating this
Lease, and in either event Tenant shall immediately surrender the Demised Premises to Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any other remedy which it may have for possession or arrearage in rental, enter upon and
take possession of the Demised Premises and expel or remove Tenant and any other person who may be occupying the Demised Premises or any part thereof, by any lawful means, without being liable for prosecution or any claim of damages therefor. 

(b) Pay any amount required to be paid by Tenant, or perform any obligation to be performed by Tenant, and to do so, enter upon
the Demised Premises, by force if necessary, without being liable for prosecution or any claim for damages therefor, and Tenant shall reimburse Landlord on demand for any expenses which Landlord may incur in so paying or performing Tenant’s
obligations under this Lease, together with interest on such expenses at the Maximum Rate of Interest until Tenant makes full payment of all amounts owing to Landlord at the time of said payment. 

  
 26 

 (c) If this Lease is terminated by reason of an Event of Default, Tenant shall be
liable for and shall pay to Landlord the sum of all rental and other indebtedness accrued to date of such termination, plus, as damages, an amount equal to the present value of the excess, if any, of (1) the total rental (Basic Rent and
Additional Rent for the remaining portion of the term (had the term not been terminated prior to the date of expiration stated in Article I)), over (2) the fair market rental value of the Demised Premises for the remaining portion of the term,
discounted at a rate of 6% per annum. It is agreed by the parties that the actual damages which might be sustained by Landlord by reason of Tenant’s default hereunder are uncertain and difficult to ascertain, and that the foregoing measure
of damages is fair and reasonable. 
 (d) If Tenant’s right to possession of the Demised Premises is terminated, without
termination of the Lease, Tenant shall be liable for and shall pay to Landlord all rental and other required payments accrued to the date of termination of possession, plus all rental and other required payments for and during the remainder of the
term, as such rental and other payments become due, diminished by any net sums thereafter received by Landlord through reletting the Demised Premises during said period (after deducting expenses incurred by Landlord as described in
Section 12.1.5(e)). In no event shall Tenant be entitled to any excess of any rental obtained by reletting over and above the rental herein reserved. Actions to collect amounts due by Tenant to Landlord may be brought from time to time, on one
or more occasions, without the necessity of Landlord’s waiting until expiration of the term. Notwithstanding any such reletting without termination, Landlord may at any time thereafter terminate this Lease for any prior breach or default. 

(e) In case of any Event of Default, Tenant shall also be liable for and shall pay to Landlord, in addition to amounts provided
to be paid above, all expenses in connection with reletting the Demised Premises, including, without limitation, all repossession costs, brokerage commissions, reasonable alteration costs and expenses of preparation for an actual reletting for a
similar use, including reasonable attorneys’ fees. 
 (f) In the event of termination of this Lease or repossession of
the Demised Premises, Landlord may relet the whole or any portion of the Demised Premises for any period, to any tenant, and for any use and purpose. Anything herein to the contrary notwithstanding, Landlord shall have no duty to mitigate its
damages except to the extent required by Iowa state statutes. 
 (g) Landlord’s exercise of any right or remedy shall
not prevent it from exercising any other right or remedy. 
  

	 	Section 12.3	Legal Costs. 

 Tenant shall reimburse Landlord, upon demand, for any reasonable costs or
expenses incurred by Landlord in connection with any breach or default of Tenant under this Lease, whether or not suit is commenced or judgment entered. Such costs shall include reasonable legal fees and costs incurred for the negotiation of a
settlement, enforcement of rights or otherwise. Tenant shall also indemnify, protect, defend and hold harmless Landlord from ail costs, expenses, demands and liability (including, without limitation, attorneys’ fees and costs, including
attorneys’ fees as a result of the enforcement of this indemnity) incurred by Landlord if Landlord becomes or is made a party to any claim or action (a) instituted by any third party against Tenant, or by or against any person holding any
interest under or using the Demised Premises by license of or agreement with Tenant; (b) for foreclosure of any lien for labor or material furnished to or for Tenant or such other person; (c) other wise arising out of or resulting from any
act or transaction of Tenant or such other person; or (d) necessary to protect Landlord’s interest under this Lease in a bankruptcy proceeding, or other proceeding under Title 11 of the United States Code, as amended. Tenant shall defend
Landlord against any such claim or action at Tenant’s expense with counsel reasonably acceptable to Landlord. For all purposes of this Lease, the counsel selected by Tenant’s insurance carrier is deemed acceptable to Landlord. 

 

	 	Section 12.4	Landlord’s Default. 

 Subject to the conditions and limitations of Section 16.2
hereof, if Landlord breaches any of its obligations hereunder and such breach remains uncured for a period of thirty (30) days after written notice from Tenant 

  
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(provided such thirty-day period shall be extended so long as Landlord commences the cure of such breach within such thirty-day period and thereafter diligently and continuously pursues
completion of the cure), then Landlord shall be in default hereunder and Tenant shall have the right to pursue any and all of Tenant’s rights and remedies under this Lease, at law or in equity. Landlord shall reimburse Tenant, upon demand, for
any reasonable costs or expenses incurred by Tenant in connection with any default of Landlord under this Lease, whether or not suit is commenced or judgment entered. Such costs shall include legal fees and costs incurred for the negotiation of a
settlement, enforcement of rights or otherwise. In addition to Tenant’s other rights on account of a Landlord default under this Lease, if Landlord shall fail to perform repairs or replacements for which Landlord is responsible pursuant to
Section 8.7 or Section 9.1 of this Lease within thirty (30) days following Tenant’s notice of such failure or, in the case of an emergency, such shorter period as is reasonable under the circumstances, or if more time is required
to complete such performance, Landlord shall have failed to commence performance of such services or repairs within thirty (30) days following Tenant’s notice or thereafter fail to diligently prosecute the same to completion, and the
repairs or replacements are of such a nature that the nonperformance thereof by the expiration of such time period shall materially and adversely affect Tenant’s ability to occupy and operate its business in the Premises, then Tenant may, after
five (5) additional business days’ prior written notice given to Landlord (and any mortgagee of which Tenant has been notified of the name and address) (except in the case of an emergency as aforesaid, in which event only notice practical
under the circumstances shall be required) make such reasonable repairs or perform such replacements, and Landlord shall reimburse Tenant for the cost thereof within thirty (30) days following Landlord’s receipt of invoices or other
evidence reasonably substantiating Tenant’s payment of such costs (provided Tenant shall remain obligated to pay such amounts, as amortized, as provided in Section 8.7 or Section 9.1, as applicable). In the event Landlord fails to
reimburse Tenant as provided above within thirty (30) days after written demand therefor by Tenant to Landlord (and any mortgagee of which Tenant has been notified of the name and address), and provided Tenant has afforded Landlord and
Landlord’s mortgagee (of which Tenant has been notified of the name and address) all notices and cure periods set forth herein prior to such action, and in the event such failure to reimburse continues more than five (5) business days
after a second notice to Landlord and such mortgagee, then Tenant may deduct such sums from the next installment(s) of Basic Rent under this Lease (not to exceed ten percent (10%) of the Basic Rent due in any month). If Tenant elects to
exercise its right to make such repairs or perform such replacements as provided in this Section 12.3, such remedy shall be Tenant’s sole remedy with respect to Landlord’s failure to perform such repair or replacement. 

 

	 	Section 12.5	No Waiver. 

 No failure by Landlord or by Tenant to insist upon the performance of any of
the terms of this Lease or to exercise any right or remedy upon a breach thereof, and no acceptance by Landlord of full or partial rent from Tenant or any third party during the continuance of any such breach, shall constitute a waiver of any such
breach or of any of the terms of this Lease. None of the terms of this Lease to be kept, observed or performed by Landlord or by Tenant, and no breach thereof, shall be waived, altered or modified except by a written instrument executed by Landlord
and/or by Tenant, as the case may be. No waiver of any breach shall affect or alter this Lease, but each of the terms of this Lease shall continue in full force and effect with respect to any other then existing or subsequent breach of this Lease.
No waiver of any default of Tenant herein shall be implied from any omission by Landlord to take any action on account of such default, if such default persists or is repeated and no express waiver shall affect any default other than the default
specified in the express waiver and that only for the time and to the extent therein stated. One or more waivers by Landlord shall not be construed as a waiver of a subsequent breach of the same covenant, term or condition. No statement on a payment
check from Tenant or in a letter accompanying a payment check shall be binding on Landlord. Landlord may, with or without notice to Tenant, negotiate such check without being bound to the conditions of such statement. 

 

	 	Section 12.6	Waiver by Tenant. 

 Tenant hereby waives all claims by Landlord’s re-entering and
taking possession of the Demised Premises and removing and storing the property of Tenant as permitted under this Lease and will save Landlord harmless from all losses, costs or damages occasioned Landlord thereby. No such reentry shall be
considered or construed to be a forcible entry by Landlord. 

  
 28 

 ARTICLE XIII 

DESTRUCTION AND RESTORATION 
  

	 	Section 13.1	Destruction and Restoration. 

 Tenant covenants and agrees that in case of damage to or
destruction of the Improvements after the Commencement Date of the term of this Lease, by fire or otherwise, Tenant, at its sole cost and expense, shall promptly restore, repair, replace and rebuild the same as nearly as possible to the condition
that the same were in immediately prior to such damage or destruction with such changes or alterations (made in conformity with Article XIX hereof) as may be reasonably acceptable to Landlord or required by law. Tenant shall forthwith give Landlord
written notice of such damage or destruction upon the occurrence thereof and specify in such notice, in reasonable detail, the extent thereof. Such restoration, repairs, replacements, rebuilding, changes and alterations, including the cost of
temporary repairs for the protection of the Demised Premises, or any portion thereof, pending completion thereof are sometimes hereinafter referred to as the “Restoration”. The Restoration shall be carried on and completed in
accordance with the provisions and conditions of Section 13.2 and Article XIX hereof. If the net amount of the insurance proceeds (after deduction of all costs, expenses and fees related to recovery of the insurance proceeds) recovered and held
by Landlord and Tenant as co-trustees is reasonably deemed insufficient by Landlord to complete the Restoration of such improvements (exclusive of Tenant’s personal property and trade fixtures which shall be restored, repaired or rebuilt out of
Tenant’s separate funds), Tenant shall, upon request of Landlord, deposit with Landlord and Tenant, as co-trustees, a cash deposit equal to the reasonable estimate of the amount necessary to complete the Restoration of such improvements less
the amount of such insurance proceeds available. Tenant’s Restoration obligation shall be limited to Restoration of the Initial Improvements. If the Demised Premises shall be damaged or destroyed by fire or other casualty during the final year
of the Term and Restoration is expected to require more than six (6) months to perform, then Tenant may terminate the Term of this Lease by written notice to Landlord within thirty (30) days after such fire or other casualty, time being of
the essence. In the event of any termination of the Term of this Lease pursuant to the provisions of this Section 13.1, the termination shall become effective on the day of such damage or destruction, provided (x) Tenant shall remain
obligated to pay all Basic Rent and Impositions that would have accrued under this Lease for the balance of the scheduled Term absent such termination and (y) Tenant shall comply with all laws, rules regulation and ordinances with respect to
the Demised Premises and shall promptly raze to grade any buildings or other Improvements that have been damaged or destroyed, remove all debris and screen from view all damaged structures, and return the Demised Premises to a neat and orderly
condition. 
  

	 	Section 13.2	Application of Insurance Proceeds. 

 All insurance monies recovered and held by Landlord
and Tenant as co-trustees on account of such damage or destruction, less the costs, if any, to Landlord of such recovery, shall be applied to the payment of the costs of the Restoration and shall be paid out from time to time as the Restoration
progresses within thirty (30) days following the written request of Tenant, accompanied by a certificate of the architect or a qualified professional engineer in charge of the Restoration stating that as of the date of such certificate (a) the sum
requested is justly due to the contractors, subcontractors, materialmen, laborers, engineers, architects or persons, firms or corporations furnishing or supplying work, labor, services or materials for such Restoration, or is justly required to
reimburse Tenant for any expenditures made by Tenant in connection with such Restoration, and when added to all sums previously paid out by Landlord does not exceed the value of the Restoration performed to the date of such certificate by all of
said parties; (b) except for the amount, if any, stated in such certificate to be due for work, labor, services or materials, there is no outstanding indebtedness known to the person signing such certificate, after due inquiry, which is then due for
work, labor, services or materials in connection with such Restoration, which, if unpaid, might become the basis of a mechanic’s lien or similar lien with respect to the Restoration or a lien upon the Demised Premises, or any portion thereof;
and (c) the costs, as estimated by the person signing such certificate, of the completion of the Restoration required to be done subsequent to the date of such certificate in order to complete the Restoration do not exceed the sum of the remaining
insurance monies, plus the amount deposited by Tenant, if any, remaining in the hands of Landlord after payment of the sum requested in such certificate. In the event of termination of the Term of this Lease pursuant to Section 13.1 above, and
provided Tenant complies with the requirements of said Section 13.1, Tenant shall be entitled to the insurance proceeds attributable to Tenant’s personalty and inventory, Tenant’s Removable Property, the unamortized value of the
Improvements not paid for by Landlord and the reasonable amounts, if any, incurred by Tenant in the demolition and removal of the Improvements as provided in Section 13.1 

  
 29 

 
(in each case, subject to independent verification by Landlord), and (b) Landlord shall be entitled to the balance of any insurance proceeds payable in connection with damage to or
destruction of the Improvements, Tenant hereby agreeing to assign any such insurance proceeds to Landlord. Tenant shall retain the proceeds of all insurance maintained by Tenant and allocable to Tenant’s Removable Property, without claim by
Landlord. 
 Tenant shall furnish Landlord, at the time of any such payment, evidence reasonably satisfactory to Landlord that there are no
unpaid bills in respect to any work, labor, services or materials performed, furnished or supplied in connection with such Restoration. Landlord and Tenant as co-trustees shall not be required to pay out any insurance monies where Tenant fails to
supply satisfactory evidence of the payment of work, labor, services or materials performed, furnished or supplied, as aforesaid. If the insurance monies in the hands of Landlord and Tenant as co-trustees, and such other sums, if any, deposited with
Landlord and Tenant as co-trustees pursuant to Section 13.1 hereof, shall be insufficient to pay the entire costs of the Restoration, Tenant agrees to pay any deficiency promptly upon demand. Upon completion of the Restoration and payment in
full thereof by Tenant, Landlord shall, within a reasonable period of time thereafter, turn over to Tenant all insurance monies or other monies then remaining upon submission of proof reasonably satisfactory to Landlord that the Restoration has been
paid for in full and the damaged or destroyed Building and other improvements repaired, restored or rebuilt as nearly as possible to the condition they were in immediately prior to such damage or destruction, or with such changes or alterations as
may be made in conformity with Section 13.1 and Article XIX hereof. 
  

	 	Section 13.3	Continuance of Tenant’s Obligations. 

 Except as otherwise expressly provided in
Section 13.1 above, no destruction of or damage to the Demised Premises, or any portion thereof, by fire, casualty or otherwise shall permit Tenant to surrender this Lease or shall relieve Tenant from its liability to pay to Landlord the Basic
Rent and additional Rent payable under this Lease or from any of its other obligations under this Lease, and Tenant waives any rights now or hereafter conferred upon Tenant by present or future law or otherwise to quit or surrender this Lease or the
Demised Premises, or any portion thereof, to Landlord or to any suspension, diminution, abatement or reduction of rent on account of any such damage or destruction. 
  

	 	Section 13.4	Completion of Restoration. 

 The foregoing provisions of this Article XIII apply only to
damage or destruction of the Improvements by fire, casualty or other cause occurring after the Commencement Date. Any such damage or destruction occurring prior to such time shall be restored, repaired, replaced and rebuilt by Landlord and during
such period of construction Landlord shall obtain and maintain the builder’s risk insurance coverage referred to in Section 2.9 hereof. All monies received by Landlord under its builder’s risk insurance coverage shall be applied by
Landlord to complete the Restoration of such damage or destruction and, if such insurance proceeds are insufficient, Landlord shall provide all additional funds necessary to complete the Restoration of the Improvements. 

ARTICLE XIV 

CONDEMNATION 
  

	 	Section 14.1	Condemnation of Entire Demised Premises. 

 If, during the term of this Lease, the entire
Demised Premises shall be taken as the result of the exercise of the power of eminent domain (hereinafter referred to as the “Proceedings”), this Lease and all right, title and interest of Tenant hereunder shall cease and come to an
end on the date of vesting of title pursuant to such Proceedings. 
  

	 	Section 14.2	Partial Condemnation/Termination of Lease. 

 If, during the term of this Lease, or any
extension or renewal thereof, less than the entire Demised Premises, but such portion thereof such that the business of Tenant conducted in the Demised Premises cannot reasonably be carried on in the remaining portion of the Demised Premises with
substantially the same utility and efficiency, shall 

  
 30 

 
be taken in any such Proceedings, this Lease shall, upon vesting of title in the Proceedings, terminate as to the portion of the Demised Premises so taken, and Tenant may, at its option,
terminate this Lease as to the remainder of the Demised Premises. Such termination as to the remainder of the Demised Premises shall be effected by notice in writing given not more than sixty (60) days after the date of vesting of title in such
Proceedings, and shall specify a date not more than sixty (60) days after the giving of such notice as the date for such termination. Upon the date specified in such notice, the term of this Lease, and all right, title and interest of Tenant
hereunder, shall cease and come to an end. In the event that Tenant elects not to terminate this Lease as to the remainder of the Demised Premises, the rights and obligations of Landlord and Tenant shall be governed by the provisions of
Section 15.3 hereof. 
  

	 	Section 14.3	Partial Condemnation/Continuation of Lease. 

 If, during the term of this Lease or any
extension or renewal thereof, less than the entire Demised Premises shall be taken in any such Proceedings and the remaining portion of the Demised Premises is sufficient to reasonably permit Tenant to conduct Tenant’s business therein with
substantially the same utility and efficiency, then this Lease shall continue with respect to the portion of the Demised Premises not so taken. Under said circumstances, the net amount of the award (after deduction of all costs and expenses,
including attorneys’ fees), shall be held by Landlord and Tenant as co-trustees and applied as hereinafter provided. Tenant, in such case, covenants and agrees, at Tenant’s sole cost and expense (subject to reimbursement to the extent
hereinafter provided), promptly to restore that portion of the Improvements on the Demised Premises not so taken to a complete architectural and mechanical unit for the use and occupancy of Tenant as in this Lease provided. In the event that the net
amount of the award (after deduction of all costs and expenses, including attorneys’ fees) that may be received and held by Landlord and Tenant as co-trustees in any such Proceedings for physical damage to the Improvements as a result of such
taking is insufficient to pay all costs of such restoration work, Tenant shall deposit with Landlord and Tenant as co-trustees such additional sum as may be required upon the written request of Landlord. Tenant’s obligations hereunder shall be
limited to restoration of the Initial Improvements in compliance with all applicable laws. The provisions and conditions in Article XIX applicable to changes and alterations shall apply to Tenant’s obligations to restore that portion of the
Improvements to a complete architectural and mechanical unit. Landlord and Tenant as co-trustees agree in connection with such restoration work to apply so much of the net amount of any award (after deduction of all costs and expenses, including
attorneys’ fees) that may be received by Landlord and held by Landlord and Tenant as co-trustees in any such Proceedings for physical damage to the Improvements as a result of such taking to the costs of such restoration work thereof and the
said net award for physical damage to the Improvements as a result of such taking shall be paid out from time to time to Tenant, or on behalf of Tenant, as such restoration work progresses upon the written request of Tenant, which shall be
accompanied by a certificate of the architect or the registered professional engineer in charge of the restoration work stating that (a) the sum requested is justly due to the contractors, subcontractors, materialmen, laborers, engineers, architects
or other persons, firms or corporations furnishing or supplying work, labor, services or materials for such restoration work or as is justly required to reimburse Tenant for expenditures made by Tenant in connection with such restoration work, and
when added to all sums previously paid out by Landlord and Tenant as co-trustees does not exceed the value of the restoration work performed to the date of such certificate; and (b) the net amount of any such award for physical damage to the
Improvements as a result of such taking remaining in the hands of Landlord, together with the sums, if any, deposited by Tenant with Landlord and Tenant as co-trustees pursuant to the provisions hereof, will be sufficient upon the completion of such
restoration work to pay for the same in full. Tenant shall also furnish Landlord and Tenant as co-trustees with each certificate hereinabove referred to, together with evidence reasonably satisfactory to Landlord that there are no unpaid bills in
respect to any work, labor, services or materials performed, furnished or supplied, or claimed to have been performed, furnished or supplied, in connection with such restoration work, and that no liens have been filed against the Demised Premises,
or any portion thereof. Landlord and Tenant as co-trustees shall not be required to pay out any funds when there are unpaid bills for work, labor, services or materials performed, furnished or supplied in connection with such restoration work, or
where a lien for work, labor, services or materials performed, furnished or supplied has been placed against the Demised Premises, or any portion thereof. Upon completion of the restoration work and payment in full therefor by Tenant, and upon
submission of proof reasonably satisfactory to Landlord that the restoration work has been paid for in full and that the Improvements have been restored or rebuilt to a complete architectural and mechanical unit for the use and occupancy of Tenant
as provided in this Lease, Landlord and Tenant as co-trustees shall pay over to Tenant any portion of the cash deposit furnished by Tenant then remaining. From and after the date of delivery of possession to the condemning authority

  
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pursuant to the Proceedings, a just and proportionate part of the Basic Rent, according to the extent and nature of such taking, shall abate for the remainder of the term of this Lease. 

 

	 	Section 14.4	Continuance of Obligations. 

 In the event of any termination of this Lease, or any part
thereof, as a result of any such Proceedings, Tenant shall pay to Landlord all Basic Rent and all Additional Rent and other charges payable hereunder with respect to that portion of the Demised Premises so taken in such Proceedings with respect to
which this Lease shall have terminated justly apportioned to the date of such termination. From and after the date of vesting of title in such Proceedings where this Lease continues as to the remaining portion of the Premises, Tenant shall continue
to pay the Basic Rent and Additional Rent and other charges payable hereunder, as in this Lease provided, to be paid by Tenant, subject to an abatement of a just and proportionate part of the Basic Rent according to the extent and nature of such
taking in the proportion that the floor area of the Building taken bears to the total floor area of the Building. 
  

	 	Section 14.5	Tenant’s Participation. 

 Subject to Section 14.3 and the other provisions of this
Section 14.5, Landlord is entitled to receive and keep all damages, awards or payments resulting from or paid on account of any Proceedings, Tenant hereby assigning any interest in such award, damages, consequential damages and compensation to
Landlord and Tenant hereby waiving any right Tenant has not or may have under present or future law to receive any separate award of damages for its interest in the Demised Premises, or any portion thereof, or its interest in this Lease.
Notwithstanding the foregoing, Tenant shall be entitled to any award for loss of or damage to Tenant’s Removable Property, for relocation expenses and for the unamortized value of any alterations or other Improvements (exclusive of the Initial
Improvements) to the Demised Premises performed by Tenant at Tenant’s expense (such amortization for any alteration or Improvement to be over the period commencing on the date Tenant completes such alteration or Improvement and expiring on the
scheduled expiration of the Term without any interest factor); provided, however, that Tenant shall have no right to receive any award for its interest in this Lease or for loss of leasehold or to receive any award that would reduce any award
available to Landlord. 
 ARTICLE XV 

ASSIGNMENT, SUBLETTING, ETC. 
  

	 	Section 15.1	Restriction on Transfer. 

 Except as otherwise expressly permitted under this Article XV,
Tenant shall not sublet the Demised Premises, or any portion thereof, nor assign, mortgage, pledge, transfer or otherwise encumber or dispose of this Lease, or any interest therein, or in any manner assign, mortgage, pledge, transfer or otherwise
encumber or dispose of its interest or estate in the Demised Premises, or any portion thereof, without obtaining Landlord’s prior written consent in each and every instance, which consent, with respect to any assignment or sublease, shall not
be unreasonably withheld or delayed (it being understood that with respect to any mortgage, pledge, or other transfer, encumbrance or disposition of this Lease or any interest therein, Landlord may withhold or delay its consent in its sole and
absolute discretion), provided the following conditions are complied with: 
 (a) Any assignment of this Lease shall transfer to the
assignee all of Tenant’s right, title and interest in this Lease and all of Tenant’s estate or interest in the Demised Premises. 

(b) At the time of any assignment or subletting, and at the time when Tenant requests Landlord’s written consent thereto, this Lease must
be in full force and effect, without any breach or default thereunder on the part of Tenant. 
 (c) Any such assignee shall assume, by
written, recordable instrument, in form and content satisfactory to Landlord, the due performance of all of Tenant’s obligations under this Lease, including any accrued obligations at the time of the effective date of the assignment, and such
assumption agreement shall state that the same is made by the assignee for the express benefit of Landlord as a third party beneficiary thereof. A copy of the assignment and assumption agreement, both in form and content satisfactory to Landlord,
fully executed and 

  
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acknowledged by assignee, together with a certified copy of a properly executed corporate resolution (if the assignee be a corporation) authorizing the execution and delivery of such assumption
agreement, shall be sent to Landlord ten days prior to the effective date of such assignment. 
 (d) In the case of a subletting, a copy of
any sublease fully executed and acknowledged by Tenant and the sublessee shall be mailed to Landlord ten days prior to the effective date of such subletting, which sublease shall be in form and content acceptable to Landlord. 

(e) Such assignment or subletting shall be subject to all the provisions, terms, covenants and conditions of this Lease, and Tenant-assignor
(and Guarantor) and the assignee or assignees shall continue to be and remain liable under this Lease, as it may be amended from time to time without notice to any assignor of Tenant’s interest or to Guarantor. 

(f) No such assignment or subletting shall create a default or breach under the Development Agreement, the Employer Agreement or any other
agreement providing incentives with respect to the development of the Demised Premises. 
 (g) Each sublease permitted under this
Section 15.1 shall contain provisions to the effect that (i) such sublease is only for actual use and occupancy by the sublessee; (ii) such sublease is subject and subordinate to all of the terms, covenants and conditions of this
Lease and to all of the rights of Landlord thereunder; and (iii) in the event this Lease shall terminate before the expiration of such sublease, the sublessee thereunder will, at Landlord’s option, attorn to Landlord and waive any rights
the sublessee may have to terminate the sublease or to surrender possession thereunder, as a result of the termination of this Lease. 
 (h)
Tenant agrees to pay on behalf of Landlord any and all costs of Landlord, including reasonable attorneys’ fees paid or payable to outside counsel, occasioned by such assignment or subletting. 

 

	 	Section 15.2	Permitted Transfers and Occupants. 

 Notwithstanding anything herein to the contrary,
Tenant may assign this Lease or permit occupancy by or sublet all or any portion of the Demised Premises, without Landlord’s consent but upon fifteen (15) days advance notice to Landlord, to (i) any entity which controls, is
controlled by or is under common control with Tenant or Tenant’s parent company, (ii) any entity which merges or consolidates with Tenant or Tenant’s parent company or which results from a merger, consolidation or other business
reorganization of Tenant or Tenant’s parent company, (iii) any entity which purchases all or a substantial part of Tenant or Tenant’s parent company’s stock, membership interests or assets (each a “Permitted
Transfer”), provided that (a) such transaction is for a legitimate business purpose and not for the purpose of circumventing the restrictions on assignment and subleasing set forth in this Lease, (b) Tenant delivers to Landlord,
at the time of Tenant’s notice, current financial statements of Tenant and the proposed transferee that are reasonably acceptable to Landlord, and (c) the transferee assumes and agrees in a writing delivered to and reasonably acceptable to
Landlord to perform Tenant’s obligations under this Lease and to observe all terms and conditions of this Lease applicable to the portion of the Demised Premises transferred. 

 

	 	Section 15.3	Restriction From Further Assignment. 

 Notwithstanding anything contained in this Lease
to the contrary and notwithstanding any consent by Landlord to any sublease of the Demised Premises, or any portion thereof, or to any assignment of this Lease or of Tenant’s interest or estate in the Demised Premises, no sublessee shall assign
its sublease nor further sublease the Demised Premises, or any portion thereof, and no assignee shall further assign its interest in this Lease or its interest or estate in the Demised Premises, or any portion thereof, nor sublease the Demised
Premises, or any portion thereof, without Landlord’s prior written consent in each and every instance which consent shall not be unreasonably withheld or unduly delayed. No assignment or subleasing shall relieve Tenant from any of Tenant’s
obligations in this Lease contained. 

  
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	 	Section 15.4	Landlord’s Termination Rights. 

 Notwithstanding anything contained in this Lease to
the contrary, and except with respect to a Permitted Transfer, should Tenant desire to assign this Lease, or its interest or estate in the Demised Premises, or sublet the entire Demised Premises, it shall give written notice of its intention to do
so to Landlord sixty (60) days or more before the effective date of such proposed assignment or subletting and Landlord may, at any time with thirty (30) days after the receipt of such notice from Tenant, cancel this Lease by giving Tenant
written notice of its intention to do so, in which event such cancellation shall become effective upon the date specified by Landlord, but not less than thirty (30) days nor more than ninety (90) days after its receipt by Tenant, with the
same force and effect as if said cancellation date were the date originally set forth as the expiration date of the Initial Term of this Lease, or any extension or renewal thereof. Landlord may enter into a direct lease with the proposed sublessee
of assignee or with any other persons as Landlord may desire without obligation or liability to Tenant or its assignees or sublessees or their respective successors, assigns, agents or brokers. 

 

	 	Section 15.5	Tenant’s Failure to Comply. 

 Tenant’s failure to comply with all of the
foregoing provisions and conditions of this Article XV shall (whether or not Landlord’s consent is required under this Article), at Landlord’s option, render any purported assignment or subletting null and void and of no force and effect.

  

	 	Section 15.6	Tenant’s Financing. 

 Tenant shall not mortgage, pledge or otherwise encumber its
interest in this Lease or in the Demised Premises except as hereinafter provided. Tenant may, upon written notice to Landlord, mortgage, enter into a deed of trust, or otherwise, encumber, pledge or assign as security its right, title and interest
in and to the leasehold estate created under this Lease (a “Leasehold Mortgage”) and/or Tenant’s Removable Property and other tangible and intangible property of Tenant (an “Encumbrance”). Such notice shall contain
the name and address of the lender (hereinafter referred to as a “Mortgage Lender” with respect to a Leasehold Mortgage and a “Holder” with respect to a lender with an Encumbrance on Tenant’s Removable Property and
other tangible and intangible property) to which the leasehold estate created hereby or other property of Tenant has been mortgaged, encumbered, pledged or assigned as security. Landlord agrees to execute such commercially reasonable agreements in
confirmation of the foregoing as Tenant’s lenders may reasonably request in connection with any such financing, provided such agreement is not inconsistent with the terms of this Lease, does not impose obligations or liabilities upon Landlord
beyond those set forth in this Lease, and otherwise contains terms reasonably acceptable to Landlord. 
 If Tenant shall grant a Leasehold Mortgage pursuant
to the provisions hereof, and if the Mortgage Lender shall send to Landlord a true copy thereof, together with written notice specifying the name and address of the Mortgage Lender and any pertinent recording data with respect to such mortgage,
Landlord agrees that so long as any such Leasehold Mortgage shall remain unsatisfied, the following provisions shall apply: 
 (a) Landlord
shall, upon serving Tenant with any notice of default, promptly serve a copy of such notice upon the Mortgage Lender. The Mortgage Lender shall thereupon have the same period as is allowed to Tenant to remedy or cause to be remedied the defaults
complained of, and Landlord shall accept such performance by or at the instigation of the Mortgage Lender in response to any such notice of default as if the same has been performed by Tenant; 

(b) If Landlord shall elect to terminate this Lease by reason of default of Tenant, the Mortgage Lender shall have the right (i) to acquire by
foreclosure or otherwise the leasehold estate created under this Lease and, upon such acquisition, automatically assume all of the obligations of Tenant under this Lease, and/or (ii) upon reasonable prior written notice to Landlord of its intent to
remove the Collateral (as hereinafter defined) or any portion thereof accompanied by a written statement listing the Collateral then located at the Demised Premises, and subject to Landlord’s reasonable rules and regulations for the Building,
to enter the Demised Premises and remove all or any portion of the Collateral therefrom upon any default by Tenant under any security agreement granted to Mortgage Lender; provided, however that any removal by Mortgage Lender and restoration of any
damage caused by such removal shall be completed within a reasonable period of time (not to exceed thirty (30) days) after Mortgage Lender’s receipt of such notice. As a condition of its exercise of its rights under this Section 15.6(b), a
Mortgage 

  
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Lender must (i) cure or cause to be cured any then-existing monetary defaults and meanwhile pay the rent and all other charges and comply with and perform all of the other terms, conditions
and provisions of this Lease on Tenant’s part to be complied with and performed, had this Lease not been terminated, (ii) agree to indemnify, defend and hold harmless Landlord from and against all claims, damages and losses suffered or
incurred by Landlord under this Lease from and after the date the Mortgage Lender has actual possession of the Demised Premises, and (iii) execute such commercially reasonable agreements in confirmation of the foregoing as Landlord shall
reasonably request; 
 (c) Landlord agrees that in the event of termination of this Lease by reason of any bankruptcy or insolvency
proceedings commenced by or against Tenant, Landlord will enter into a new lease of the Demised Premises with a Mortgage Lender with a first priority Leasehold Mortgage for the remainder of the term effective as of the date of such termination, at
the Rent and upon the terms, provisions, covenants and agreements as contained herein, provided: 
 (i) said Mortgage Lender
shall make written request upon Landlord for such new lease within thirty (30) days after the date of such termination and such written request shall be accompanied by payment to Landlord of all sums due to Landlord under this Lease; 

(ii) said Mortgage Lender shall pay to Landlord at the time of the execution and delivery of such new lease, any and all sums
which would at the time of the execution and delivery thereof be due pursuant to this Lease but for such termination, and in addition thereto, any expenses, including reasonable attorney’s fees, which Landlord shall have incurred by reason of
such default; 
 (iii) said Mortgage Lender shall perform and observe all covenants herein contained on Tenant’s part to
be performed and shall further remedy any other condition which Tenant was obligated to perform under the terms of this Lease, provided that such Mortgage Lender shall not be required to cure any defaults of Tenant which are uncurable by a third
party (although said Mortgage Lender shall pay to Landlord all damages incurred by Landlord as a result of such uncurable default) and indemnify, defend and hold harmless Landlord from and against all claims, damages and losses suffered or incurred
by Landlord as a result of such uncurable default; 
 (iv) Landlord shall not warrant possession of the Demised Premises to
the tenant under the new lease, except that Landlord shall reasonably cooperate with the Mortgage Lender at the Mortgage Lender’s expense to lawfully obtain possession of the Demised Premises; 

(v) such new lease shall be expressly made subject to the rights, if any, of Tenant under the terminated lease; 

(vi) the tenant under such new lease shall have the right, title and interest in and to the Premises as Tenant had under the
terminated lease; and 
 (vii) Landlord shall not be required to construct any new improvement for such leasehold mortgagee
or grant any other concession, including, without limitation, granting any free rent period. 
 (d) Nothing herein contained shall require
the Mortgage Lender to cure any default of Tenant under this Lease unless such Mortgage Lender shall choose to do so under subparagraph (a) above or shall choose to extend occupancy of the Demised Premises pursuant to subparagraph
(b) above, or shall elect that Landlord enter into a new lease for the Premises pursuant to the provisions of subparagraph (c) above; and 

(e) With respect to a Holder with a security interest in Tenant’s Removable Property or other property or assets of Tenant at the Demised
Premises (the “Collateral”), such Holder shall have the right, upon reasonable prior written notice to Landlord of its intent to remove the Collateral or any portion thereof accompanied by a written statement listing the Collateral then
located at the Demised Premises, and subject to Landlord’s reasonable rules and regulations for the Building and in accordance with a written agreement between Landlord and said Holder in the form attached hereto as Exhibit “K,” to
enter the Demised Premises and remove all or any portion of the 

  
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Collateral therefrom upon any default by Tenant under any security agreement granted to such Holder; provided, however that any removal by Holder and restoration of any damage caused by such
removal shall be completed within a reasonable period of time (not to exceed thirty (30) days) after Holder’s receipt of the notice described below. Landlord shall, upon serving Tenant with any notice of default, promptly serve a copy of
such notice upon any Holder of which Landlord has been notified of and supplied with such Holder’s notice address. 
 (f) Landlord
shall, upon request, execute, acknowledge and deliver to the Mortgage Lender or Holder, an agreement prepared at the sole cost and expense of Tenant, in form reasonably satisfactory to such Mortgage Lender and/or Holder and Landlord, between
Landlord, Tenant and the Mortgage Lender and/or Holder, as applicable, agreeing to all of the provisions of this Section 15.6. The term “mortgage,” whenever used in this Section 15.6, shall include whatever security instruments
are used in the locale of the Demised Premises, such as, without limitation, mortgages, deeds of trust, security deeds and conditional deeds, as well as financing statements, security agreements and other documentation required pursuant to the
Uniform Commercial Code, and shall also include any instruments required in connection with a sale-leaseback (or an assignment of lease and sublease) transaction. Landlord agrees to execute an agreement substantially in the form attached hereto as
Exhibit “K” with Tenant’s current Holder. 
 ARTICLE XVI 

SUBORDINATION, NONDISTURBANCE, 

NOTICE TO MORTGAGEE AND ATTORNMENT 
  

	 	Section 16.1	Subordination by Tenant. 

 Landlord represents to Tenant that as of the date of this
Lease, there is no Mortgage (as hereinafter defined) granted by Landlord encumbering the Demised Premises. This Lease and all rights of Tenant therein, and all interest or estate of Tenant in the Demised Premises, or any portion thereof, shall be
subject and subordinate to the lien of any future mortgage, deed of trust, security instrument or other document of like nature (“Mortgage”), which at any time may be placed upon the Demised Premises, or any portion thereof, by
Landlord, and to any replacements, renewals, amendments, modifications, extensions or refinancing thereof, and to each and every advance made under any Mortgage, provided that as a condition of any such subordination, Tenant shall have received from
the holder of such Mortgage a fully executed subordination, non-disturbance, and attornment agreement substantially in the form attached hereto as Exhibit “I”, including a requirement that the holder of such Mortgage expressly agrees that
proceeds of insurance and condemnation awards will be made available to perform Tenant’s restoration obligations under Articles XIII and XIV. Subject to the foregoing, Tenant agrees at any time hereafter, and from time to time on demand of
Landlord, to execute and deliver to Landlord an executed subordination, non-disturbance and attornment agreement in such form attached hereto. The lien of any such Mortgage shall not cover Tenant’s Removable Property or other property of Tenant
located in or on the Demised Premises. 
  

	 	Section 16.2	Landlord’s Default. 

 In the event of any act or omission of Landlord constituting a
default by Landlord, Tenant shall not exercise any remedy until Tenant has given Landlord prior written notice of such act or omission and until a 30-day period of time to allow Landlord or the mortgagee to remedy such act or omission shall have
elapsed following the giving of such notice; provided, however, if such act or omission cannot, with due diligence and in good faith, be remedied within such 30-day period, the Landlord and/or mortgagee shall be allowed such further period of time
as may be reasonably necessary provided that Landlord or such mortgagee shall have commenced remedying the same with due diligence and in good faith within said 30-day period and Tenant’s ability to use and occupy the Demised Premises for the
conduct of Tenant’s business is not adversely affected. In the event Landlord’s act or omission which constitutes a Landlord’s default hereunder results in an immediate threat of bodily harm to Tenant’s employees, agents or
invitees, or damage to Tenant’s property Tenant may proceed to cure the default without prior notice to Landlord provided, however, in that event Tenant shall give written notice to Landlord as soon as possible after commencement of such cure.
Nothing herein contained shall be construed or interpreted as requiring any mortgagee to remedy such act or omission. 

  
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	 	Section 16.3	Attornment. 

 If any mortgagee shall succeed to the rights of Landlord under this Lease
or to ownership of the Demised Premises, whether through possession or foreclosure or the delivery of a deed to the Demised Premises, then, upon the written request of such mortgagee so succeeding to Landlord’s rights hereunder, Tenant shall
attorn to and recognize such mortgagee as Tenant’s landlord under this Lease, and shall promptly execute and deliver any instrument that such mortgagee may reasonably request to evidence such attornment (whether before or after making of the
mortgage). In the event of any other transfer of Landlord’s interest hereunder, upon the written request of the transferee and Landlord, Tenant shall attorn to and recognize such transferee as Tenant’s landlord under this Lease and shall
promptly execute and deliver any instrument that such transferee and Landlord may reasonably request to evidence such attornment. 

ARTICLE XVII 
 SIGNS

  

	 	Section 17.1	Tenant’s Signs. 

 Tenant may erect signs on the exterior or interior of the Building
or on the landscaped area adjacent thereto, provided that such sign or signs (a) do not cause any structural damage or other damage to the Building; (b) do not violate applicable governmental laws, ordinances, rules or regulations; and
(c) do not violate any existing covenants, conditions or restrictions affecting the Demised Premises. 
 ARTICLE XVIII 

REPORTS BY TENANT 
  

	 	Section 18.1	Annual Statements. 

 Upon request by Landlord but in no event more than twice per
calendar year, and provided Landlord and any party which will have access to such financial statements first executes a confidentiality agreement in form reasonably acceptable to Tenant, Tenant shall deliver to Landlord the financial statements of
Tenant and of Guarantor, audited, if available, for the most recent fiscal year for which such statements were prepared. 
 ARTICLE XIX

 CHANGES AND ALTERATIONS 
  

	 	Section 19.1	Tenant’s Changes and Alterations. 

 Tenant shall have the right at any time, and
from time to time during the term of this Lease, to make such changes and alterations, structural or otherwise, to the Building, improvements and fixtures hereafter erected on the Demised Premises as Tenant shall deem necessary or desirable in
connection with the requirements of its business, which such changes and alterations (other than changes or alterations of Tenant’s Removable Property) shall be made in all cases subject to the following conditions, which Tenant covenants to
observe and perform: 
 (a) Permits. No change or alteration shall be undertaken until Tenant shall have procured and paid for, so
far as the same may be required from time to time, all municipal, state and federal permits and authorizations of the various governmental bodies and departments having jurisdiction thereof, and Landlord agrees to join in the application for such
permits or authorizations whenever such action is necessary, all at Tenant’s sole cost and expense, provided such applications do not cause Landlord to become liable for any cost, fees or expenses. 

(b) Compliance with Plans and Specifications. Before commencement of any change, alteration, restoration or construction (hereinafter
sometimes referred to as “Work”) involving in the aggregate an estimated cost of more than One Hundred Thousand and 00/100 Dollars ($100,000.00) or which in Landlord’s reasonable judgment would materially alter the mechanical,
structural, electrical, plumbing, or fire/life safety systems of the Improvements, Tenant shall (i) furnish Landlord with detailed plans and specifications of the proposed change or alteration; (ii) obtain Landlord’s prior written consent,
which consent shall not be unreasonably withheld (but such 

  
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consent may be withheld if the change or alteration would, in the reasonable judgment of Landlord unreasonably impair the value or usefulness of the Land or Improvements, or any substantial part
thereof to Landlord); (iii) obtain Landlord’s prior written approval of a licensed architect or licensed professional engineer selected and paid for by Tenant, who shall supervise any such work (hereinafter referred to as
“Alterations Architect or Engineer”); (iv) obtain Landlord’s prior written approval of detailed plans and specifications prepared and approved in writing by said Alterations Architect or Engineer, and of each amendment and
change thereto; and (v) if the cost of such alteration is expected to exceed $250,000 or such alteration affects the structural components or electrical or mechanical systems of the Demised Premises, furnish to Landlord a surety company
performance bond issued by a surety company licensed to do business in the state in which the Demised Premises are located or a letter of credit, and in either case reasonably acceptable to Landlord in an amount equal to the estimated cost of such
work guaranteeing the completion thereof within a reasonable time thereafter (1) free and clear of all mechanic’s liens or other liens, encumbrances, security interests and charges, and (2) in accordance with the plans and
specifications approved by Landlord. 
 (c) Compliance with Laws. All Work done in connection with any change or alteration shall be
done promptly and in a good and workmanlike manner and in compliance with all building and zoning laws of the place in which the Demised Premises are situated, and with all laws, ordinances, orders, rules, regulations and requirements of all
federal, state and municipal governments and appropriate departments, commissions, boards and officers thereof, and in accordance with the orders, rules and regulations of the Board of Fire Underwriters where the Demised Premises are located, or any
other body exercising similar functions. The Work shall be prosecuted with reasonable dispatch, delays due to strikes, lockouts, acts of God, inability to obtain labor or materials, governmental restrictions or similar causes beyond the control of
Tenant excepted. Tenant shall obtain and maintain, at its sole cost and expense, during the performance of the Work, workers’ compensation insurance covering all persons employed in connection with the Work and with respect to which death or
injury claims could be asserted against Landlord or Tenant or against the Demised Premises or any interest therein, together with comprehensive general liability insurance for the mutual benefit of Landlord and Tenant with limits of not less than
One Million and 00/100 Dollars ($1,000,000.00) in the event of injury to one person, Three Million Dollars ($3,000,000.00) in respect to any one accident or occurrence, and Five Hundred Thousand and 00/100 Dollars ($500,000.00) for property damage,
and the fire insurance with “extended coverage” endorsement required by Section 6.1 hereof shall be supplemented with “builder’s risk” insurance on a completed value form or other comparable coverage on the Work. All
such insurance shall be in a company or companies authorized to do business in the state in which the Demised Premises are located and reasonably satisfactory to Landlord, and all such policies of insurance or certificates of insurance shall be
delivered to Landlord endorsed “Premium Paid” by the company or agency issuing the same, or with other evidence of payment of the premium satisfactory to Landlord. 

(d) Property of Landlord. All improvements and alterations (other than Tenant’s Removable Property) made or installed by Tenant
shall immediately, upon completion or installation thereof, become the property of Landlord without payment therefor by Landlord, and shall be surrendered to Landlord on the expiration of the term of this Lease; provided, however, Tenant may remove
and retain the items that Landlord and Tenant mutually agree, at the time of preparing the Punchlist, may be retained by Tenant and a list of those items shall be attached to each party’s copy of this Lease and made a part hereof as Exhibit
“J.” 
 (e) Location of Improvements. No change, alteration, restoration or new construction shall be in or connect the
Improvements with any property, building or other improvement located outside the boundaries of the parcel of land described in Exhibit “A”, nor shall the same obstruct or interfere with any existing easement. 

(f) Removal of Improvements. As a condition to granting approval for any changes or alterations, Landlord may require Tenant to agree
that Landlord, by written notice to Tenant, given at or prior to the time of granting such approval, may require Tenant to remove any improvements, additions or installations installed by Tenant in the Demised Premises at Tenant’s sole cost and
expense, and repair and restore any damage caused by the installation and removal of such improvements, additions, or installations; provided, however, the only improvements, additions or installations which Tenant shall remove shall be those
specified in such notice. Tenant shall also remove improvements, additions or installations, installed without Landlord’s consent (whether or not Landlord’s consent was required), if so required pursuant to a written notice from Landlord
prior to the end of the term. Tenant may, at the time Tenant submits a request for Landlord’s approval for any alterations, additions or improvements request in a separate written notice delivered to Landlord that Landlord specify whether
Tenant will 

  
 38 

 
be required to remove such alterations, additions or improvements at the end of the term and Landlord agrees to notify Tenant within ten (10) business days after receipt of such request if
Landlord will require Tenant to remove such alterations, additions or improvements at the end of the term. Notwithstanding anything herein to the contrary, Landlord expressly agrees that Tenant shall not be required to remove any of the Initial
Improvements or any replacements or substitutions for the Initial Improvements, any generators or other roof equipment installed by Tenant or any wiring or cabling installed by Tenant. 

(g) Written Notification Required. Tenant shall notify Landlord in writing 30 days prior to commencing any alterations, additions or
improvements to the Demised Premises which have been approved by Landlord so that Landlord shall have the right to record and post notices of non-responsibility on the Demised Premises. 

ARTICLE XX 

MISCELLANEOUS PROVISIONS 
  

	 	Section 20.1	Entry by Landlord. 

 Tenant agrees to permit Landlord and authorized representatives of
Landlord to enter upon the Demised Premises at all reasonable times during ordinary business hours of Tenant and upon not less than one (1) business day’s prior notice (excluding emergencies, when such notice shall not be required) for the
purpose of inspecting the same and making any necessary repairs to comply with any laws, ordinances, rules, regulations or requirements of any public body, or the Board of Fire Underwriters, or any similar body, provided that Landlord shall use
reasonable efforts to minimize any unreasonable interference with Tenant’s business operations and shall be accompanied by a designated representative of Tenant if Tenant shall have made such representative available. Landlord may, during the
progress of any work, keep and store upon the Demised Premises all necessary materials, tools and equipment. Landlord shall not in any event be liable for inconvenience, annoyance, disturbance, loss of business or other damage to Tenant by reason of
making repairs or the performance of any work in or about the Demised Premises, or on account of bringing material, supplies and equipment into, upon or through the Demised Premises during the course thereof, and the obligations of Tenant under this
Lease shall not be thereby affected in any manner whatsoever, provided Landlord shall use reasonable efforts to minimize any unreasonable interference with Tenant’s business operations 

 

	 	Section 20.2	Exhibition of Demised Premises. 

 Landlord is hereby given the right during usual
business hours of Tenant and upon not less than two (2) days prior notice to enter upon the Demised Premises and to exhibit the same for the purpose of mortgaging or selling the same and provided that Tenant may require that such persons
accessing the Premises be accompanied by a designated representative of Tenant. During the final year of the term, Landlord shall be entitled to display on the Demised Premises, in such manner as to not unreasonably interfere with Tenant’s
business, a sign indicating that the Demised Premises are for rent or sale and suitably identifying Landlord or its agent. Tenant agrees that such sign may remain unmolested upon the Demised Premises and that Landlord may exhibit said premises to
prospective tenants during said period. 
  

	 	Section 20.3	Indemnification by Tenant. 

 To the fullest extent allowed by law, Tenant shall at all
times indemnify, defend and hold harmless Landlord and Landlord’s shareholders, employees and managing agent against and from any and all claims, costs, liabilities, actions and damages (including, without limitation, attorneys’ fees and
costs) by or on behalf of any person or persons, firm or firms, corporation or corporations, arising from the conduct or management, or from any work or things whatsoever done in or about the Demised Premises, and will further indemnify, defend and
hold harmless Landlord against and from any and all claims arising during the term of this Lease, or arising from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed,
pursuant to the terms of this Lease, or arising from any act or negligence of Tenant, its agents, servants, employees or licensees, or arising from any accident, injury or damage whatsoever caused to any person, firm or corporation occurring during
the term of this Lease, in or on the Demised Premises, and from and against all costs, attorneys’ fees, expenses and liabilities incurred in or about any such claim or action or proceeding brought thereon; and in case any action or proceeding
be brought against Landlord by reason of any such claim, Tenant, upon notice 

  
 39 

 
from Landlord, covenants to defend such action or proceeding by counsel reasonably satisfactory to Landlord. Tenant’s obligations under this Section 20.3 shall be insured by contractual
liability endorsement on Tenant’s policies of insurance required under the provisions of this Lease. 
  

	 	Section 20.4	Notices. 

 All notices, demands and requests which may be or are required to be given,
demanded or requested by either party to the other shall be in writing. All notices, demands and requests shall be sent by United States registered or certified mail, postage prepaid or by an independent overnight courier service, addressed as
follows: 
  

			
	To Landlord:	  	 Opus Northwest, L.L.C.
 10350 Bren Road West

Minnetonka, Minnesota 55343

Attn:      Vice President

		
	With a copy to:	  	 Opus, L.L.C.
 10350 Bren Road West

Minnetonka, Minnesota 55343
 Attn: Legal Department – Brad J.
Osmundson

		
	With a copy to:	  	 Daspin & Aument, LLP
 227 West Monroe
Street, Suite 3500
 Chicago, Illinois 60606

Attn:      D. Albert Daspin

		
	To Tenant:	  	 TPI
 8501 North Scottsdale Road, Suite 280

Scottsdale, Arizona 85258

Attn:      Mr. Wayne Monie

		
	With a copy to:	  	 Goodwin Procter LLP
 Exchange Place

Boston, Massachusetts 02109

Attn:      David Henkel, Esq.

 or at such other place as Landlord may from time to time designate by written notice to Tenant. All such notices shall be
effective three (3) business days after the date of deposit in the United States Mail or on the next Business Day following deposit with a nationally recognized courier service. 

 

	 	Section 20.5	Quiet Enjoyment. 

 Landlord covenants and agrees that Tenant, upon paying the Basic Rent
and Additional Rent, and upon observing and keeping the covenants, agreements and conditions of this Lease on its part to be kept, observed and performed, shall lawfully, peaceably and quietly hold, occupy and enjoy the Demised Premises (subject to
the provisions of this Lease) during the term of this Lease without hindrance or molestation by Landlord or by any person or persons claiming under Landlord. 
  

	 	Section 20.6	Landlord’s Continuing Obligations. 

 In the event of the transfer and assignment by
Landlord of its interest in this Lease other than for collateral purposes, the transferee shall be deemed to have assumed all of Landlord’s obligations under this Lease and Landlord shall thereby be released from any further obligations
hereunder, and Tenant agrees to look solely to such successor in interest of Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant’s obligations hereunder shall be assigned and transferred by
Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto. All obligations of 

  
 40 

 
Landlord hereunder will be construed as covenants and not conditions; and all such obligations will be binding upon Landlord only during the period of its ownership of the Demised Premises and
not thereafter. The term “Landlord” shall mean only the owner from time to time of the Demised Premises, and in the event of the transfer by such owner of its interest in the Demised Premises, such owner shall thereupon be released
and discharged from all covenants and obligations of Landlord hereunder as provided above and the transferee owner shall be deemed to have assumed all of such covenants and obligations as provided above. Notwithstanding the foregoing, Opus
Northwest, L.L.C. shall remain liable for all of Landlord’s initial design and construction obligations with respect to the Initial Improvements pursuant to the terms of this Lease, including the construction guaranty set forth in Section 

	2.7,	even if Opus Northwest, L.L.C. transfers its interest in the Demised Premises. 

  

	 	Section 20.7	Confidentiality. 

 In connection with the performance of each party’s duties and
obligations under this Lease, such party will obtain data, reports, documents, agreements and records provided by the other party that are not available to the general public (collectively, “Confidential Information”). Without limiting the
foregoing, “Confidential Information” means any information, whether or not reduced to writing, data, and other materials, including, without limitation, any such information heretofore or hereafter developed by either party, but
“Confidential Information” of a party shall not mean any information, data or other material that: (a) is or becomes generally available to the public other than as a result of communication or disclosure by the other party;
(b) is disclosed to the other party on a non- confidential basis by a third party that is not prohibited from disclosing such information by any contractual, legal or fiduciary obligation; (c) at the time of disclosure was available on a
non-confidential basis from a source other than the first party, provided that source is not and was not bound by a confidentiality agreement with the first party; or (d) was known by the other party, without violating any of its obligations under
this Section 20.7, prior to receiving the Confidential Information, provided, however, that the financial statements of Tenant and/or Guarantor, as applicable, shall be considered Confidential Information unless Tenant and/or Guarantor, as
applicable, is an entity whose financial statements are required by applicable governmental regulations to be disclose by public filings. Each party shall at all times hold in strict confidence the Confidential Information of the other party,
safeguard any Confidential information of the other party from falling into the hands of any unauthorized person, and preserve the confidentiality of the Confidential Information of the other party. Confidential Information of a party may be
communicated or disclosed only to that limited number of the other party’s employees, agents, consultants, brokers, prospective or actual purchasers, partners or lenders, accountants and attorneys and like parties who reasonably need to know
such information. In the event that a party is required by applicable law to disclose any of the Confidential Information of the other party, such first party shall notify the other party promptly in writing of such requirement so that the other
party, at its own expense, may seek a protective order or other applicable remedy. In the event that no such protective order or other remedy is obtained, or the other party waives compliance with the terms of this Section 20.7, the first party
will furnish that portion of the Confidential Information which is legally required. Notwithstanding anything in this Section 20.17 to the contrary, a party may, upon written notice to the other party, disclose the Confidential Information if,
in the written opinion of the first party’s legal counsel, such disclosure is required by law, or in connection with any dispute between Landlord and Tenant. 
  

	 	Section 20.8	Estoppel. 

 Landlord and Tenant shall, each without charge at any time and from time to
time, within ten (10) days after written request by the other party, certify by written instrument, duly executed, acknowledged and delivered to any mortgagee, assignee of a mortgagee, proposed mortgagee, or to any purchaser or proposed
purchaser, or to any other person dealing with Landlord, Tenant or the Demised Premises: 
 (a) That this Lease (and all guaranties, if any)
is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect, as modified, and stating the modifications); 

(b) The dates to which the Basic Rent or Additional Rent have been paid in advance; 

(c) Whether or not there are then existing any breaches or defaults by such party or the other party known by such party under any of the
covenants, conditions, provisions, terms or agreements of this Lease, and specifying such breach or default, if any, or any setoffs or defenses against the enforcement of any covenant, condition, provision, term or agreement of this Lease (or of any
guaranties) upon the part of Landlord or Tenant (or 

  
 41 

 
any guarantor), as the case may be, to be performed or complied with (and, if so, specifying the same and the steps being taken to remedy the same); and 

(d) Such other statements or certificates as Landlord, Tenant or any mortgagee may reasonably request. 

It is the intention of the parties hereto that any statement delivered pursuant to this Section 20.7 may be relied upon by any of such
parties dealing with Landlord, Tenant or the Demised Premises. If Tenant does not deliver such statement to Landlord within such 10-day period, Landlord, and any prospective purchaser or encumbrancer of the Demised Premises or the Building, may
conclusively presume and rely upon the following facts: (i) that the terms and provisions of this Lease have not been changed except as otherwise represented by Landlord; (ii) that this Lease has not been cancelled or terminated and is in
full force and effect, except as otherwise represented by Landlord; (iii) that the current amounts of the Basic Rent are as represented by Landlord; (iv) that there have been no subleases or assignments of the Lease; (v) that not more
than one month’s Basic Rent or other charges have been paid in advance; and (vi) that Landlord is not in default under the Lease. In such event, Tenant shall be estopped from denying the truth of such facts. Without limiting the generality
of the foregoing, (1) in connection with the financing of the Demised Premises, Tenant agrees to execute and deliver an estoppel certificate in substantially the form of Exhibit “E” attached hereto and made a part hereof; and
(2) in connection with any sale of the Demised Premises, Tenant agrees to execute and deliver an estoppel certificate in substantially the form of Exhibit “F” attached hereto and made a part hereof. 

 

	 	Section 20.9	Authority. 

 Each of Landlord and Tenant hereby represents and warrants that this Lease
has been duly authorized, executed and delivered by and on its behalf and constitutes such party’s valid and binding agreement in accordance with the terms hereof (subject to applicable bankruptcy, insolvency, reorganization, arrangement,
moratorium, fraudulent transfer and conveyance, and similar laws affecting creditors’ rights generally and to general principles of equity). 
  

	 	Section 20.10	Severability. 

 If any covenant, condition, provision, term or agreement of this Lease
shall, to any extent, be held invalid or unenforceable, the remaining covenants, conditions, provisions, terms and agreements of this Lease shall not be affected thereby, but each covenant, condition, provision, term or agreement of this Lease shall
be valid and in force to the fullest extent permitted by law. 
  

	 	Section 20.11	Successors and Assigns. 

 The covenants and agreements herein contained shall bind and
inure to the benefit of Landlord and its successors and assigns and Tenant and its permitted successors and assigns. 
  

	 	Section 20.12	Captions. 

 The caption of each article of this Lease is for convenience and reference
only, and in no way defines, limits or describes the scope or intent of such article or of this Lease. 
  

	 	Section 20.13	Relationship of Parties. 

 This Lease does not create the relationship of principal and
agent, or of partnership, joint venture, or of any association or relationship between Landlord and Tenant, the sole relationship between Landlord and Tenant being that of landlord and tenant. 

  
 42 

	 	Section 20.14	Entire Agreement. 

 All preliminary and contemporaneous negotiations are merged into and
incorporated in this Lease. This Lease, together with the Exhibits attached hereto, contains the entire agreement between the parties and shall not be modified or amended in any manner except by an instrument in writing executed by the parties
hereto. 
  

	 	Section 20.15	No Merger. 

 There shall be no merger of this Lease or the leasehold estate created by
this Lease with any other estate or interest in the Demised Premises by reason of the fact that the same person, firm, corporation or other entity may acquire, hold or own directly or indirectly, (a) this Lease or the leasehold interest created
by this Lease or any interest therein, and (b) any such other estate or interest in the Demised Premises, or any portion thereof. No such merger shall occur unless and until all persons, firms, corporations or other entities having an interest
(including a security interest) in (1) this Lease or the leasehold estate created thereby, and (2) any such other estate or interest in the Demised Premises, or any portion thereof, shall join in a written instrument expressly effecting
such merger and shall duly record the same. 
  

	 	Section 20.16	Possession and Use. 

 Tenant acknowledges that the Demised Premises are the property of
Landlord and that Tenant has only the right to possession and use thereof upon the covenants, conditions, provisions, terms and agreements set forth in this Lease. 
  

	 	Section 20.17	No Surrender During Lease Term. 

 No surrender to Landlord of this Lease or of the
Demised Premises, or any portion thereof, or any interest therein, prior to the expiration of the term of this Lease shall be valid or effective unless agreed to and accepted in writing by Landlord and consented to in writing by all contract vendors
and mortgagees, and no act or omission by Landlord or any representative or agent of Landlord, other than such a written acceptance by Landlord consented to by all contract vendors and the mortgagees, as aforesaid, shall constitute an acceptance of
any such surrender. 
  

	 	Section 20.18	Surrender of Demised Premises. 

 At the expiration of the term of this Lease, Tenant
shall surrender the Demised Premises in the same condition as the same were in upon the Commencement Date of the term of this Lease, reasonable wear and tear, damage or loss due to casualty or condemnation, and repairs for which Landlord is
obligated to perform under this Lease excepted, and shall surrender all keys to the Demised Premises to Landlord at the place then fixed for the payment of Basic Rent and shall inform Landlord of all combinations on locks, safes and vaults, if any.
Tenant shall at such time remove all of its property therefrom, including, without limitation, Tenant’s Removable Property, and all alterations and improvements placed thereon by Tenant if so required by Landlord. Tenant shall repair any damage
to the Demised Premises caused by such removal, and any and all such property not so removed shall, at Landlord’s option, become the exclusive property of Landlord or be disposed of by Landlord, at Tenant’s cost and expense, without
further notice to or demand upon Tenant. If the Demised Premises be not surrendered as above set forth, Tenant shall indemnify, defend and hold harmless Landlord against loss or liability resulting from the delay by Tenant in so surrendering the
Demised Premises, including, without limitation any claim made by any succeeding occupant founded on such delay. Tenant’s obligation to observe or perform this covenant shall survive the expiration or other termination of this Lease. 

All property of Tenant not removed within thirty (30) days after the last day of the term of this Lease shall be deemed abandoned. Subject to
the terms of any written agreement between Landlord and a Mortgage Lender, Tenant hereby appoints Landlord its agent to remove all property of Tenant from the Demised Premises upon termination of this Lease and to cause its transportation and
storage for Tenant’s benefit, all at the sole cost and risk of Tenant and Landlord shall not be liable for damage, theft, misappropriation or loss thereof and Landlord shall not be liable in any manner in respect thereto. Tenant shall pay all
costs and expenses of such removal, transportation and storage. Tenant shall reimburse Landlord upon demand for any expenses incurred by Landlord with respect to 

  
 43 

 
removal or storage of abandoned property and with respect to restoring said Demised Premises to good order, condition and repair. 

 

	 	Section 20.19	Holding Over. 

 In the event Tenant remains in possession of the Demised Premises after
expiration of this Lease, and without the execution of a new lease, it shall be deemed to be occupying the Demised Premises as a tenant from month to month, subject to all the provisions, conditions and obligations of this Lease insofar as the same
can be applicable to a month-to-month tenancy, except that the Basic Rent shall be escalated to one hundred fifty percent (150%) of the then current Basic Rent for the Demised Premises. 

 

	 	Section 20.20	Landlord Approvals. 

 Any approval by Landlord or Landlord’s architects and/or
engineers of any of Tenant’s drawings, plans and specifications which are prepared in connection with any construction of improvements respecting the Demised Premises shall not in any way be construed or operate to bind Landlord or to
constitute a representation or warranty of Landlord as to the adequacy or sufficiency of such drawings, plans and specifications, or the improvements to which they relate, for any reason, purpose or condition, but such approval shall merely be the
consent of Landlord, as may be required hereunder, in connection with Tenant’s construction of improvements relating to the Demised Premises in accordance with such drawings, plans and specifications. 

 

	 	Section 20.21	Survival. 

 All obligations (together with interest or money obligations at the Maximum
Rate of Interest) accruing prior to expiration of the term of this Lease shall survive the expiration or other termination of this Lease. 
  

	 	Section 20.22	Attorneys’ Fees. 

 If either party shall bring suit against the other to enforce the
terms of this Lease, the losing party shall pay to the substantially prevailing party that percentage of the substantially prevailing party’s costs and expenses, including reasonable attorneys’ fees, equal to the percentage that the value
of the judgment or award received by the substantially prevailing party bears to the total value of the judgment or award claimed by such party. 
  

	 	Section 20.23	Limited Liability. 

 Tenant agrees to look solely to Landlord’s interest in the
Demised Premises for recovery of any judgment from Landlord, it being agreed that Landlord (and if Landlord is a partnership, its partners, whether general or limited, if Landlord is a limited liability company, its members or managers, and if
Landlord is a corporation, its directors, officers or shareholders) shall never be personally liable for any personal judgment or deficiency decree or judgment against it. Likewise, Tenant’s and Guarantor’s members, managers, directors,
officers or shareholders shall never be personally liable for any personal judgment or deficiency decree or judgment against Tenant. In no event shall either party be liable to the other for any loss of business or any other indirect or
consequential damages suffered by such party from whatever cause, except to the extent claimed by a third party. 
  

	 	Section 20.24	Broker. 

 Tenant represents that it has dealt directly with and only with CB Richard
Ellis, Inc. (the “Broker”) in connection with this Lease and that no other broker has negotiated or participated in negotiations of this Lease or is entitled to any commission in connection therewith. Tenant shall indemnify and hold
harmless Landlord from and against any and all commissions, fees and expenses and all claims therefor by any broker, salesman or other party in connection with or arising out of Tenant’s action in entering into this Lease, except for the
commissions of the Broker, which commissions Landlord shall be obligated to pay pursuant to a separate written agreement. Landlord represents that it has dealt directly with and only with the Broker in connection with this Lease and that no other
broker has negotiated or participated in negotiations of this Lease or is entitled to any commission in connection therewith. Landlord shall indemnify and hold harmless Tenant from and against any and all commissions, fees and expenses

  
 44 

 
and all claims therefor by any broker, salesman or other party in connection with or arising out of Landlord’s action in entering into this Lease. 

 

	 	Section 20.25	Governing Law. 

 This Lease shall be governed by the laws of the state in which the
Demised Premises are located. All covenants, conditions and agreements of Tenant arising hereunder shall be performable in the County. Any suit arising from or relating to this Lease shall be brought in the county wherein the Demised Premises are
located, and the parties hereto waive the right to be sued elsewhere. 
  

	 	Section 20.26	Joint and Several Liability. 

 All parties signing this Lease as Tenant shall be jointly
and severally liable for all obligations of Tenant. 
  

	 	Section 20.27	Time is of the Essence. 

 Time is of the essence with respect to the performance of every
provision of this Lease in which time of performance is a factor. 
  

	 	Section 20.28	Acquisition Contingency. 

 Tenant acknowledges that this Lease is contingent on Landlord
acquiring the fee simple title to substantially all the land depicted on Exhibit “A,” which land is necessary to construct the Demised Premises. Furthermore, Landlord agrees that it shall not acquire such land prior to receiving a written
notice from Tenant that Tenant has elected to proceed with this Lease (“Tenant’s Notice to Proceed”). If Tenant has not delivered Tenant’s Notice to Proceed or Landlord has not acquired such land on or before
November 15, 2007 (the “Acquisition Contingency Date”), which date shall not be subject to force majeure, then either Landlord or Tenant may terminate this Lease by providing written notice of such termination to the other
party at any time prior to Tenant’s delivery of Tenant’s Notice to Proceed and Landlord’s acquisition of such land, and upon such termination, neither Landlord nor Tenant shall have any rights or obligations hereunder. 

 

	 	Section 20.29	Memorandum of Lease. 

 Concurrently with execution and delivery of this Lease, the
parties hereto agree to execute and deliver to each other a Memorandum of Lease, in the form attached hereto as Exhibit “L”, setting forth the date of this Lease, the parties to this Lease, the term of this Lease, the legal description of
the Demised Premises, and such other matters reasonably requested by Landlord or Tenant to be stated therein. 
 [Signatures are on the
following page] 

  
 45 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Lease to be duly executed
as of the day and year first above written. 
  

					
	LANDLORD:
	
	 Opus Northwest, L.L.C.,
 a Delaware
limited liability company

		
	By:	 	 /s/ Tom Shaver

		
	Its	 	 Thomas G. Shaver

		 	Vice President
		 	Real Estate Development
	
	TENANT:
	
	 TPI Iowa, LLC,
 a Delaware limited
liability company

		
	By:	 	LCSI Holding, Inc., as its sole manager and member
			
		 	By:	 	 /s/ Wayne G Monie

			
		 	Its:	 	 COO

  
 46 

 EXHIBIT “A” 

The parcel of land referred to in the attached Lease, referred to therein as the “Demised Premises”, is real property in the City of
Newton, County of Jasper, State of Iowa, described as follows: 
 Parcel 1: 

Parcel “A” of the Southwest Quarter of the Southeast Quarter of Section Fourteen, AND Parcel “B” of the West half of the Northeast Quarter
of Section Twenty-three, all in Township Eighty North, Range Nineteen West of the Fifth P.M., Jasper County, Iowa, as appears in (Corrected) Plat of Survey of record in Book 1154, Page 299 in the Office of the County Recorder of Jasper County, Iowa.

 AND 
 Parcel 2: 

Parcel “B” of the Southeast Quarter of the Southeast Quarter of Section Fourteen, AND Parcel “A” of Lot “A” of the East half of
Section Twenty-three, as appears in Plat Book “B”, at Page 56, all in Township Eighty North, Range Nineteen West of the Fifth P.M., Jasper County, Iowa, as appears in the (Corrected) Plat of Survey of record in Book 1154, Page 299 in the
Office of the County Recorder of Jasper County, Iowa. 

  
 A-1 

 EXHIBIT “B” 

The Outline Plans and Specifications 

Civil Plans, Sheets C1-C10, dated 10-15-07, prepared by Lee Engineering 

Architectural Progress Set, dated 10-29-07, prepared by Opus Architects & Engineers - Sheet numbers: 

 

							
	ARCHITECTURAL:	 	STRUCTURAL:
	T1	  	TITLE SHEET	 	S1	  	TITLE SHEET
	A0.1	  	LIFE SAFETY PLAN	 	S2.1	  	FOUNDATION PLAN AREA A
	A1.1	  	ARCHITECTURAL SITE PLAN	 	S2.2	  	FOUNDATION PLAN AREA B
	A1.2	  	ARCHITECTURAL SITE DETAILS	 	S2.3	  	FOUNDATION PLAN AREA C
	A2.1	  	PARTIAL FLOOR PLAN AREA “A”	 	S3.1	  	CRANE FRAMING PLAN AREA A
	A2.2	  	PARTIAL FLOOR PLAN AREA “B”	 	S3.2	  	CRANE FRAMING PLAN AREA B
	A2.3	  	PARTIAL FLOOR PLAN AREA “C”	 	S3.3	  	CRANE FRAMING PLAN AREA C
	A2.4	  	PARTIAL ROOF PLAN AREA “A”	 	S4.1	  	ROOF FRAMING PLAN AREA A
	A2.5	  	PARTIAL ROOF PLAN AREA “B”	 	S4.2	  	ROOF FRAMING PLAN AREA B
	A2.6	  	PARTIAL ROOF PLAN AREA “C”	 	S4.3	  	ROOF FRAMING PLAN AREA C
	A2.7	  	ENLARGED FLOOR PLANS	 	S5	  	TRUSS 1 ELEV., SECTIONS AND DETAILS
	A2.8	  	ENLARGED FLOOR PLANS	 	S6	  	SECTIONS AND DETAILS
	A3.1	  	EXTERIOR ELEVATIONS	 	S7	  	SECTIONS AND DETAILS
	A3.2	  	EXTERIOR ELEVATIONS	 	S8	  	SECTIONS AND DETAILS
	A4.1	  	BUILDING WALL SECTIONS	 		  	
	A4.2	  	BUILDING WALL SECTIONS	 		  	
	A5.1	  	CONSTRUCTION PLAN DETAILS	 		  	
	A5.2	  	CONSTRUCTION SECTION DETAILS	 		  	
	A6.1	  	PARTITION SCHEDULE AND WALL TYPES	 		  	

 Structural Steel Revised Steel Bid Set, dated 10-12-07, prepared by Opus Architects & Engineers - Sheet numbers: 

 

			
	STRUCTURAL:
	S1	  	TITLE SHEET
	S2.1	  	FOUNDATION AND FLOOR PLAN - AREA A
	S2.2	  	FOUNDATION AND FLOOR PLAN - AREA B
	S2.3	  	FOUNDATION AND FLOOR PLAN - AREA C
	S3.1	  	CRANE FRAMING PLAN - AREA A
	S3.2	  	CRANE FRAMING PLAN - AREA B
	S3.3	  	CRANE FRAMING PLAN - AREA C
	S4.1	  	ROOF FRAMING PLAN - AREA A
	S4.2	  	ROOF FRAMING PLAN - AREA B
	S4.3	  	ROOF FRAMING PLAN - AREA C
	S5	  	TRUSS T1 - ELEVATION, SECTIONS AND DETAILS
	S6	  	SECTIONS AND DETAILS
	S7	  	SECTIONS AND DETAILS
	S8	  	SECTIONS AND DETAILS

  
 B-1 

 EXHIBIT “C” 

The Final Plans and Specifications 
 To be
prepared and approved in the manner set forth in Section 2.1 of the Lease. 

  
 C-1 

 EXHIBIT “D” 

Total Project Costs 
 The term
“Total Project Costs” shall mean all costs and expenses paid or incurred (or committed to being paid or incurred) by Landlord attributable to the acquisition, design, development, and construction of the Demised Premises, including,
without limitation: 
  

	 	1.	All out-of-pocket costs and expenses paid or incurred by Landlord associated with Landlord’s acquisition of the Land including, without limitation, the purchase price, title insurance premiums, real property
transfer taxes, brokers’ commissions, closing and escrow costs and expenses, and attorneys’ fees and expenses related to the transaction contemplated by this Lease, including out-of-pocket fees and expenses incurred in drafting and
negotiating development agreements, construction contracts, architectural contracts, this Lease and any documents pertaining thereto; 

  

	 	2.	The total cost of work of the Initial Improvements, as more particularly described on Exhibit “D-1” attached hereto (the “Cost of Work”), including, without limitation, a general
contractor’s fee of 6% of the Cost of Work, provided, however, no amounts in excess of the fixed price or guaranteed maximum price, as applicable, for subcontracts entered into by Landlord or Contractor for the Initial Improvements shall be
included in the Cost of the Work or Total Project Costs except to the extent such excess costs are the result of or arise from (i) a Tenant Change Order, (ii) refinements in the Final Plans and Specifications in furtherance of, or
consistent with, the intended scope of the work, (iii) unknown, concealed or different field conditions encountered by the applicable contractor, or (iv) a change in the scope of the work reasonably authorized by Contractor and Landlord in
order to conform the Initial Improvements to the Final Plans and Specifications; 

  

	 	3.	All out-of pocket costs and expenses paid or incurred by Landlord for site inspections, as-built plans and surveys, traffic studies, soil testing, site plans and engineering or environmental assessments of the Demised
Premises; 

  

	 	4.	Any and all hard and soft costs and expenses paid or incurred by Landlord with respect to off-site or infrastructure improvements or contributions to public improvements, facilities or operations located on or in any
way connected with Landlord’s development of the Demised Premises including any impact or like development fee, utility connection or use charge, park or dedication fee or other charge; 

 

	 	5.	All reasonable, out-of pocket costs paid or incurred by Landlord for legal fees and commissions in connection with the transactions contemplated by this Lease, including, without limitation, acquisition of the Land,
securing entitlements such as, without limitation, the Development Agreement, and financing of the Initial Improvements; 

  

	 	6.	All financing costs (including, without limitation, interest and fees) for Land and construction loans related to the Demised Premises; 

 

	 	7.	The amount of all expenses paid or incurred by Landlord attributable to Landlord’s ownership, operation, construction and management of the Demised Premises (including but not limited to real estate taxes and
special assessments, insurance premiums (equitably allocated in the case of blanket policies), utility service, operating and maintenance costs in connection with the Demised Premises); 

All out-of-pocket costs and expenses paid or incurred by Landlord in connection with the engineering, design, permitting or construction of the
Initial Improvements including, without limitation: a development fee of two and one-quarter percent (2.25%)of the sum of Items 1-7 above; a design fee (“Design Fee”) of two and one-half percent (2-1/2%) of the sum of Items 1-7
above; and a construction management fee of two percent (2%) of the Cost of Work. 
 Tenant acknowledges that the Design Fee does not
include the following work: 

  
 D-1 

	 	(i)	Design work normally done by design-build subcontractors (e.g., the mechanical and electrical systems final design and working drawings shall be provided by those respective subcontractors, and the cost of this design
shall be included in their respective contract amounts); 

  

	 	(ii)	Work for furnishings, interior signage, tenant improvements or interior design or finish selections for the office area; or 

  

	 	(iii)	Reimbursables. 

 Notwithstanding anything to the contrary, the Total Project Costs shall not include: 

 

	 	(a)	Costs resulting from the gross negligence, willful misconduct or breach of this Lease by Landlord or its design and/or construction professionals; 

 

	 	(b)	Costs of correcting defective or nonconforming work, disposal and replacement of materials and equipment incorrectly ordered or supplied, and correcting damage to property not forming part of the work;

  

	 	(c)	Costs paid to contractors or subcontractors in excess of the fixed price or guaranteed maximum price contract entered into by such contractor or subcontractor, as applicable, and Landlord except to the extent such
excess costs are the result of or arise from (i) a Tenant Change Order, (ii) refinements in the Final Plans and Specifications in furtherance of, or consistent with, the intended scope of the work, (iii) unknown, concealed or
different field conditions encountered by the applicable contractor, or (iv) a change in the scope of the work reasonably authorized by Contractor and Landlord in order to conform the Initial Improvements to the Final Plans and Specifications
and not the result of any negligence on the part of the subcontractor; 

  

	 	(d)	Lost deposits not caused by a Tenant Change Order; 

  

	 	(e)	Overhead and general expenses of Landlord, other than as set forth in Item 1 of Exhibit “D-1”; 

  

	 	(f)	Costs of bonding over or securing a lien or defending a claim filed by direct or lower tier contractors or subcontractors arising from nonpayment, but only if and to the extent any such contractor or subcontractor
obtains a final, unappealable judgment with respect to such lien or claim in favor of such contractor or subcontractor; 

  

	 	(g)	Costs of self-insured losses (e.g., losses above the commercially reasonable deductible limits for comparable construction projects); and 

 

	 	(h)	Costs of warranty work in excess of the amount set forth in Item 16 of Exhibit “D-1.” 

  
 D-2 

 EXHIBIT “D-1” 

Cost of Work 
 The term “Cost of
Work” shall mean costs reasonably incurred (or committed to being incurred) by Landlord or Contractor (collectively “Contractor” for purposes of this Exhibit D-1 only) in the performance of the work necessary to complete
the Initial Improvements (including additional costs incurred pursuant to change orders) as set forth in the Lease, including the costs set forth below. The work to be performed by Contractor for the Improvements is referred to in this Exhibit D-1
as the “Work.” 
 1. Supervisory Cost (FSC) of Contractor’s personnel employed in connection with the Work as follows:

  

			
	Field Superintendent	  	$85.00 per hour
	Pre-construction Field Superintendent	  	$90.00 per hour
	Field Engineer	  	$50.00 per hour
		
	Senior Project Manager/Director	  	$120.00 per hour
	Project Manager	  	$85.00 per hour
	Associate Project Manager	  	$70.00 per hour
	Construction Management Assistant	  	$60.00 per hour
	Project Intern	  	$40.00 per hour

 The foregoing FSC rates are not subject to change. 

2. Field Labor Cost (FLC) of field personnel who are in the direct employ of Contractor in performance of the Work. The FLC shall consist of
all wages determined, if applicable, under appropriate collective bargaining agreements and all payroll taxes and insurance and all fringe benefits. 

3. Rental charges of all machinery and equipment, exclusive of hand tools, used in connection with the Work, whether rented from Contractor or
others, including installation, minor repairs and replacements, dismantling, removal, transportation and delivery costs thereof, at rental charges consistent with those prevailing in the area at the time of such rental. Such rental charges and
transportation costs shall begin at such time as the transportation of the machinery and equipment being rented to the site begins and ends at such time as transportation from the site ends. 

4. The costs of the insurance maintained by Contractor in connection with the Work (and any deductible in connection with a covered loss); and
the costs of premiums from all bonds which Contractor is required to purchase and maintain. 
 5. Sales, use, gross receipts or similar
taxes related to the Work imposed by any governmental authority, and for which Contractor is liable. 
 6. Fees and costs for permits,
governmental fees and licenses which Contractor is obligated to obtain; royalties; damages for infringement of patents and costs of defending suits therefor and deposits lost due to any cause other than Contractor’s gross negligence. 

7. Costs to provide long distance telephone calls, telephone service at the site, field office supplies, first aid supplies, postage,
photographs and renderings, expressage, computer time and related miscellaneous costs incurred in connection with the Work, blueprint and duplication costs. 

8. Costs incurred due to an emergency affecting the safety of persons and property in connection with the Work and not caused by the gross
negligence or wilful misconduct of Contractor or any subcontractors, and the cost of safety equipment and procedures required by safety and health regulations and Contractor’s safety program. 

  
 D-1-1 

 9. Contractor’s standard per diem travel and hotel rates (excluding meals) for one field
supervisor and travel expenses (excluding meals) for design professionals. In addition, other travel and hotel expenses (excluding meals) of Contractor incurred in the discharge of duties related to the Work and not in excess of $5,000.00 (which
amount shall not apply to the foregoing per diem for Contractor’s field supervisor and the foregoing expenses for design professionals). 

10. Payments made or amounts payable by Contractor to subcontractors for work performed pursuant to subcontracts, and to vendors for
materials, equipment and supplies purchased for the Work, together with the cost of transportation, unloading charges and installation, provided, however, that costs charged by such subcontractors or venders in excess of the fixed price or
guaranteed maximum price, as applicable, in such subcontractor’s contract or vendor’s agreement shall not be included in Total Project Costs except to the extent such excess costs are the result of or arise from (i) a Tenant Change
Order, (ii) refinements in the Final Plans and Specifications in furtherance of, or consistent with, the intended scope of the work, (iii) unknown, concealed or different field conditions encountered by the applicable contractor, or
(iv) a change in the scope of the work reasonably authorized by Contractor and Landlord in order to conform the Initial Improvements to the Final Plans and Specifications. 

11. Cost of temporary offices and restroom facilities at the site, facilities and utilities such as water, electricity, power and fuel
incurred in connection with the Work, including costs of connection, crossing or protecting any public utility installation and removal of temporary lines, connections, tap fees, etc. 

12. Costs incurred by Contractor in connection with tests, inspections or Contractor’s quality control program, laws, ordinances, rules,
regulations or order of any public authority having jurisdiction over the Premises. 
 13. Three-tenths of one percent (0.3%) of the Cost of
Work (exclusive of this cost item) to cover the cost of all expendable tools purchased in connection with the performance of the Work. 

14. Cost of losses to the Work, which are not compensated by insurance or otherwise; provided, however, such losses are not caused by the
gross negligence or willful misconduct of Contractor and Contractor maintained the insurance coverages required (and maximum deductibles permitted) under this Lease. 

15. All other costs, liabilities and expenses for other outlays incurred or sustained by Contractor as a direct result of the performance of
the Work (including reasonable attorney fees) and which are established by vendor invoices or other documents. 
 16. Three-tenths of one
percent (0.3%) of the Cost of the Work (exclusive of this cost item) to cover all costs of warranty work properly requested by Tenant herein. 

17. Costs for final cleaning of the Demised Premises in preparation for occupancy. 

18. Costs of job site security, including temporary fencing, storage lockups and security personnel services. 

19. Cost to provide, maintain, remove and dump general construction trash containers. 

20. Cost to provide general traffic control, ingress and egress and dust control measures for construction activities. 

21. Cost to provide, maintain and remove temporary construction related signage. 

22. All increased costs resulting from Tenant Change Orders agreed upon by Contractor and Tenant. 

23. All other costs, liabilities and expenses for other outlays incurred or sustained by Contractor (or committed to being paid or incurred)
as a direct result of performance of the Work (including reasonable attorney fees). 

  
 D-1-2 

 24. Charges for design and engineering not included within the Design Fee and design costs
arising out of change orders and arising out of redesign required by Tenant and all design reimbursables. The rate schedule attached hereto as Exhibit “D-2” shall be applicable in respect to such work. 

  
 D-1-3 

 EXHIBIT “D-2” 

Cost of Additional Design Services 

Additional design services requested by Tenant or required by Tenant shall be charged at the following hourly rates: 

 

					
	 Title
	  	Rate	 
	 President
	  	$	198.00	  
	 Vice Presidents
	  	$	174.00	  
	 Directors
	  	$	150.00	  
	 Managers, Controllers
	  	$	138.00	  
	 Associate Managers, Architectural Coordinators
	  	$	125.00	  
	 Senior Project Engineers, Senior Design Architects
	  	$	119.00	  
	 Senior Project Coordinators, Senior Project Architects, Senior Interior Designers, Senior Technical Coordinators
	  	$	112.00	  
	 Project Design Architects, Project Engineers, Project Interior Designers
	  	$	103.00	  
	 Project Coordinators, Project Architects, Marketing Coordinators, Technical Coordinators, Computer Graphics Coordinators, Associate
Project Engineers
	  	$	96.00	  
	 Architects, Design Architects, Senior Project Captains, Engineers, Interior Designers
	  	$	88.00	  
	 Associate Architects, Associate Project Architects, Associate Engineers, Project Captains, Graphic Designers,
	  	$	85.00	  
	 Intern Architects, Intern Engineers, Senior Technicians
	  	$	80.00	  
	 Technicians, Student Interns
	  	$	74.00	  
	 Administrative Assistants, Senior Administrative Assistants, Receptionists
	  	$	60.00	  

 The foregoing rates are subject to change at any time and from time to time. 

“Reimbursables” shall mean all of the following costs, which will be billed separately at 1.10 times direct cost: 

 

	 	•	 	Expense of transportation in connection with the project 

  

	 	•	 	Long distance communications, postage, and handling of documents 

  

	 	•	 	Expense of reproductions for owner and client approvals, city submittals, bidding, construction, and subcontractor’s use, including revisions thereof 

 

	 	•	 	Expense of renderings, models, and mockups requested by owner 

  

	 	•	 	Expense of special consultants requested by, owner or client 

  

	 	•	 	Expenses for plotting 

  
 D-2-1 

 EXHIBIT “D-3” 

Preliminary Budget of Total Project Costs 
  

					
	 DESCRIPTION OF WORK
	  	SCHEDULED VALUE	 
	 General Conditions
	  	$	780,000	  
	 Earthwork, grading, & utilities
	  	 	1,950,000	  
	 Site Concrete & paving - curb & street paving
	  	 	1,400,000	  
	 Landscape allowance
	  	 	70,000	  
	 Misc. sitework
	  	 	65,000	  
	 Concrete foundations
	  	 	350,000	  
	 Concrete slab on grade
	  	 	1,300,000	  
	 Structural Steel
	  	 	1,972,500	  
	 Structural steel erection
	  	 	600,000	  
	 Precast concrete wall panels
	  	 	2,000,000	  
	 Paint - Exterior
	  	 	55,000	  
	 Overhead Doors
	  	 	25,000	  
	 Roofing
	  	 	880,000	  
	 Glass & Glazing
	  	 	100,000	  
	 Misc. enclosure
	  	 	80,000	  
	 Misc. metals
	  	 	60,000	  
	 Misc. Interiors
	  	 	25,000	  
	 Paint Room Containment
	  	 	25,000	  
	 Office Finish Allowance
	  	 	700,000	  
	 Warehouse/Plant Build-out Allowance
	  	 	300,000	  
	 Dock Equipment
	  	 	26,500	  
	 Fire sprinkler
	  	 	485,000	  
	 Plumbing
	  	 	90,000	  
	 HVAC
	  	 	175,000	  
	 Electrical
	  	 	870,000	  
	 Contingency
	  	 	126,000	  
	 General Contractor Fee - 6%
	  	 	875,000	  
		  	  
	  
	 
	 SUBTOTAL, HARD CONSTRUCTION COST ESTIMATE
	  	$	15,385,000	  
		  	  
	  
	 
	 Legal Fees
	  	 	130,000	  
	 Financing (Fees & Interest)
	  	 	598,000	  
	 Insurance
	  	 	25,000	  
	 Commissions
	  	 	270,000	  
	 Other (Soil, Survey, Selling Expense)
	  	 	214,000	  

  
 D-3-1 

					
	 Construction Management Fee - 2%
	  	 	307,700	  
	 Design Fee - 2.5%
	  	 	415,600	  
	 Development Fee - 2.25%
	  	 	373,995	  
		  	  
	  
	 
	 TOTAL PROJECT COST ESTIMATE
	  	$	17,719,295	  
		  	  
	  
	 

  
 D-3-2 

 EXHIBIT “E” 

Form of Financing Loan Estoppel Certificate 

The undersigned (“Lessee”) understands that             , a
national banking association (“Lender”), whose address is 
  

					
	  
	 	
	  
	 	
	  
	 	
	Attention:	 	  
	 	

 is making a construction loan (the “Loan”) to Opus Northwest, L.L.C., a Delaware limited liability company
(“Borrower”), secured by a [Combination Mortgage, Security Agreement and Fixture Financing Statement] (the “Mortgage”) covering that certain land and a to be built building located in Jasper County, State of Iowa
(the “Premises”), and by an Assignment of Leases and Rents, covering all leases of and rents from the Premises (the “Assignment”). Lessee is the sole tenant of the Premises pursuant to that certain lease dated as of
            (the “Lease”) between Borrower, as lessor, and Lessee, as lessee, which Lease covers approximately 33.8 acres and a to be constructed industrial building
containing approximately 317,600 square feet. With the understanding that Lender will rely upon the statements and representations made herein, Lessee hereby certifies and confirms to Lender, its successors and assigns, that, as of the date hereof:

 1. Lease Effective. The Lease sets forth all of the agreements and understandings between Borrower, its agents, successors and
assigns (collectively called “Lessor”) and Lessee with respect to the Premises; there are no other written or oral agreements or understandings between Lessor and Lessee with respect to the Premises; and the Lease is in full force
and effect in accordance with its terms. Attached to this Estoppel Certificate as Exhibit A is a full, true, complete and correct copy of the Lease, together with any and all exhibits, and attachments thereto and any and all amendments,
modifications, and assignments thereof. Except as attached hereto as Exhibit A, the Lease has not been altered, amended, modified, changed, supplemented, terminated, canceled or superseded in any manner. 

2. Term. The Commencement Date (as defined in the Lease) will be set pursuant to the terms of the Lease and the initial term will
expire on the last day of the 120th full calendar month following the Commencement Date. Lessee has two (2) 5-year options to renew the term of the Lease. 

3. Rent. The Basic Rent for the Premises shall be determined in accordance with the terms of the Lease. Lessee has not made any
payments of Basic Rent. Lessee has no periods of free rental. 
 4. No Options or Purchase Rights. Except for any options contained
in the Lease, Lessee has no rights (including, without limitation, no rights of first refusal or rights of negotiation) to extend the term of the Lease or to purchase of any portion of the Premises. 

5. No Default. To Lessee’s knowledge, without independent investigation or inquiry, no default by Lessor or Lessee in the
performance of the agreements, duties, obligations, terms and conditions under the Lease to be by them respectively performed exists on the date hereof, except as follows: [Write “NONE” if there is
none]                    . 
 6. No
Claims. To Lessee’s knowledge, without independent investigation or inquiry, Lessee does not now have or hold any claim against Lessor which might be set-off or credited against future rents due or to become due under the Lease or which
might be used as a defense to enforcement of the Lease. Lessee has paid Lessor a security deposit of $0. 
 7. No Transfer or
Encumbrance. Except for the Mortgage, the Assignment and any related UCC-1 Financing Statements, Lessee has received no notice of a sale, transfer, assignment, hypothecation, encumbrance or pledge of the Lease or the rents thereunder by
Landlord. 

  
 E-1 

 8. No Sublease or Assignment. Lessee has not subleased any portion of the Premises and has
not assigned, whether outright or by collateral assignment, all or any portion of its rights under the Lease, except as
follows:                                        .

 9. Authority. The individual signing this Estoppel Certificate on behalf of Lessee has been duly authorized by Lessee to do so and
thereby to bind Lessee, This Estoppel Certificate shall be binding upon Lessee, its heirs, personal representatives, executors, administrators, successors and assigns, and shall inure to the benefit of Lender, its successors and assigns, and to no
other person, party or entity. 
 10. Governing Law, Survival. This Estoppel Certificate shall be governed by, and construed and
interpreted in accordance with, the internal laws of the State of Iowa. All statements and representations set forth herein shall survive the closing of the Loan and the delivery of this Estoppel Certificate. 

11. Completed Improvements Estoppel. Lessee agrees to execute the Estoppel Certificate attached hereto as Exhibit B and hereby
incorporated herein following the completion of construction of the Premises, Lessee’s acceptance and taking of occupancy thereof, and the commencement of the term of the Lease. 

12. No Waiver. Nothing in this Estoppel Certificate shall be deemed to modify or amend the Lease or limit any of Lessee’s rights
or remedies under the Lease. 
  

									
	Dated:             , 20    .	 		 		 	
				
	Address:	 		 		 	                    [Lessee]
	  
	 		 		 	
	  
	 		 	By:	 	  

	Attn:	 	  
	 		 	Its:	 	  

				
	Subscribed and sworn to before me this     day of             , 20    .	 		 		 	
				
	  
	 		 		 	
	Notary Public	 		 		 	

  
 E-2 

 EXHIBIT A 

Lease 
 (To be attached) 

  
 E-A-1 

 EXHIBIT B 

Form of Estoppel Certificate 

(Completed Improvements) 

                    , 200     

Opus Northwest, L.L.C. (“Lessor”) 
 10350 Bren
Road West 
 Minnetonka, Minnesota 55343 
 Attention: Vice
President 
  

			
	  
	 	(“Mortgagee”)
	  
	 	
	  
	 	
	  
	 	

  

	 	Re:	Lease of Approximately 33.8 acres and an industrial building containing approximately 317,600 square feet in Newton, Iowa (the “Premises”) 

Ladies and Gentlemen: 
 Please refer to the
documents (collectively, the “Lease”) attached hereto as Exhibit A, pursuant to which TPI Iowa, LLC (“Lessee”) leases the entire Premises from Lessor. Lessee understands that Mortgagee has made a mortgage
loan secured by the Premises and Mortgagee and its successors and assigns, are relying upon this Tenant Estoppel Certificate (this “Certificate”) in connection with such transaction. 

With such understanding, Lessee hereby certifies, on behalf of itself and its successors and assigns, for the benefit of Mortgagee and its
successors and assigns, as follows: 
 1. The Lease is in full force and effect. A true, correct and complete copy of the Lease is attached
hereto as Exhibit A. The Lease represents the entire agreement between Lessor and Lessee as to the Premises, and there are no side agreements, modifications, amendments, or supplements with respect thereto, except as otherwise set forth in
Exhibit A. 
 2. Except as specified below, Lessee in not presently asserting any offset or defense against the payment of rent or
other charges payable by Lessee, and to Lessee’s knowledge, without independent inquiry or investigation, no basis for any such offset, defense or claim presently exists:
                    . To the best of Lessee’s knowledge and belief, there is no default by Lessor under the Lease except as follows:
                    . 
 3. The current
monthly Basic Rent payable by Lessee under the Lease is $        . Lessee has not made any monthly payments of Basic Rent more than one month in advance of its due date, except as
follows:                                        .

 4. The Commencement Date (as defined in the Lease) occurred on
                    and the initial term of the Lease expires on
                    . There are no options, rights of first refusal, or rights to extend, renew or terminate the term of the Lease, except as
expressly set forth in the Lease. 
 5. Lessee has not assigned, transferred, or hypothecated the Lease or any interest therein or subleased
all or any portion of the Premises except as follows:                     . 

6. Lessee previously deposited with Lessor a security deposit in the amount of $0 and, to Lessee’s knowledge, no portion thereof has been
previously applied by Lessor pursuant to the Lease. 

  
 E-B-1 

 7. The Lease contains no option or preferential right to expand or relocate the Premises and,
except as expressly set forth in the Lease no option or preferential right to purchase all or any portion of the Premises. 
 8. To the best
of Lessee’s knowledge, Lessor has completed all construction and improvements required under the terms of the Lease to be completed by Lessor, and the space and improvements required to be furnished according to the Lease have been duly
delivered by Lessor and accepted by Lessee, subject to completion of any punchlist items and the construction guaranty set forth in the Lease. 

9. Lessee recognizes and acknowledges that it is making these representations to Mortgagee with the intent that Mortgagee, and its successors
and assigns may rely hereon. Nothing in this Estoppel Certificate shall be deemed to modify or amend the Lease or limit any of Lessee’s rights or remedies under the Lease. 

 

							
		 		 	Very truly yours,
			
	NAME OF LESSEE:	 		 	  

				
		 		 	By	 	  

		 		 	Name:	 	  

		 		 	Its:	 	  

  
 E-B-2 

 EXHIBIT “F” 

Form of Purchaser Estoppel Certificate 

            , 200     

Opus Northwest, L.L.C. (“Lessor”) 
 10350 Bren
Road West 
 Minnetonka, Minnesota 55343 
 Attention: Vice
President 
  

			
	  
	 	(“Purchaser”)
	  
	 	
	  
	 	
	  
	 	

  

	Re:	Lease of Approximately 33.7 acres and an industrial building containing approximately 317,600 square feet in Newton, Iowa (the “Property”) 

Ladies and Gentlemen: 
 Please refer to the
documents (collectively, the “Lease”) attached hereto as Exhibit A, pursuant to which the undersigned (“Lessee”) leases the entire Property (the “Premises”) from Lessor. Lessee understands
that Purchaser may be purchasing the Property and Purchaser, its lender and their respective successors and assigns, are relying upon this Tenant Estoppel Certificate (this “Certificate”) in connection with such transaction. 

With such understanding, Lessee hereby certifies, on behalf of itself and its successors and assigns, for the benefit of Purchaser, its lender
and their respective successors and assigns, as follows: 
 1. The Lease is in full force and effect. A true, correct and complete copy of
the Lease is attached hereto as Exhibit A. The Lease represents the entire agreement between Lessor and Lessee as to the Premises, and there are no side agreements, modifications, amendments, or supplements with respect thereto, except as
otherwise set forth in Exhibit A. 
 2. Except as specified below, Lessee in not presently asserting any offset or defense against
the payment of rent or other charges payable by Lessee, and to Lessee’s knowledge, without independent inquiry or investigation, no basis for any such offset, defense or claim presently exists:
                    . To the best of Lessee’s knowledge and belief, there is no default by Lessor under the Lease except as follows:
                    . 
 3. The current
monthly Basic Rent payable by Lessee under the Lease is $        . Lessee has not made any monthly payments of Basic Rent more than one month in advance of its due date, except as follows:
                                        . 

4. The Commencement Date (as defined in the Lease) occurred on
                    and the initial term of the Lease expires on
                    . There are no options, rights of first refusal, or rights to extend, renew or terminate the term of the Lease, except as
expressly set forth in the Lease. 
 5. Lessee has not assigned, transferred, or hypothecated the Lease or any interest therein or subleased
all or any portion of the Premises except as follows:                     . 

6. Lessee previously deposited with Lessor a security deposit in the amount of $0 and, to Lessee’s knowledge, no portion thereof has been
previously applied by Lessor pursuant to the Lease. 

  
 F-1 

 7. The Lease contains no option or preferential right to expand or relocate the Premises and,
except as expressly set forth in the Lease no option or preferential right to purchase all or any portion of the Premises. 
 8. To the best
of Lessee’s knowledge, Lessor has completed all construction and improvements required under the terms of the Lease to be completed by Lessor, and the space and improvements required to be furnished according to the Lease have been duly
delivered by Lessor and accepted by Lessee, subject to completion of any punchlist items and the construction guaranty set forth in the Lease. 

9. Lessee recognizes and acknowledges that it is making these representations to Purchaser with the intent that Purchaser, its lender, and
their respective successors and assigns may rely hereon. Nothing in this Estoppel Certificate shall be deemed to modify or amend the Lease or limit any of Tenant’s rights or remedies under the Lease. 

 

							
		 		 	Very truly yours,
			
	NAME OF LESSEE:	 		 	  

				
		 		 	By	 	  

		 		 	Name:	 	  

		 		 	Its:	 	  

  
 F-2 

 EXHIBIT “G” 

Permitted Encumbrances 
  

	1.	Covenants, conditions and restrictions of record; private, public and utility easements and street, road and highway rights of ways, if any; special taxes or assessments for improvements not yet completed; installments
not due at the date hereof of any special tax or assessment for improvements heretofore completed; and general taxes not yet due and payable. 

  

	2.	The plat of survey depicting the Demised Premises as well as any and all other documents required in connection with the annexation of the Demised Premises into the City of Newton. 

 

	3.	Easements for public highway and road purposes, together with any incidental rights, in favor of Jasper County, Iowa, as contained in the Easement, dated May 31, 1996, recorded June 16, 1996, in Book 1070,
Page 415, and as contained in the Easement for Public purposes, dated May 31, 1996, recorded July 2, 1996, in Book 1071, Page 467 (affects Parcel 1). 

 

	4.	Terms, conditions, easements, restrictions, covenants and provisions as contained in the Limited Easement dated February 24, 2005, recorded April 20, 2005, in Book 2005 Page 03030 (affects Parcel
1). 

  

	5.	Easement for electric transmission purposes, together with any incidental rights, in favor of Iowa Southern Utilities Company, as contained in the Transmission Line Easement, dated March 23, 1967, recorded
July 22, 1968, in Book 661, Page 134 (affects Parcel 2). 

  

	6.	Easement for electric transmission purposes, together with any incidental rights, in favor of Iowa Southern Utilities Company, as contained in the Transmission Line Easement, dated March 23, 1967, recorded
July 22, 1968, in Book 661, Page 135 (affects Parcel 2). 

  

	7.	Terms, conditions, easements, restrictions, covenants and provisions as contained in the Limited Easement dated September 2, 1980, recorded September 8, 1980, in Book 818, Page 369 (affects Parcel
2). 

  

	8.	Easements for public highway and road purposes, together with any incidental rights, in favor of Jasper County, Iowa, as contained in the Easement, dated May 20, 1996, recorded June 19, 1996, in Book 1070,
Page 409, and as contained in the Easement for Public purposes, dated May 20, 1996, recorded July 2, 1996, in Book 1071, Page 477 (affects Parcel 2). 

 

	9.	Terms, conditions, easements, restrictions, covenants and provisions as contained in the Limited Easement dated December 6, 1996, recorded December 10, 1996, in Book 1081, Page 406 (affects Parcel
2). 

  

	10.	Easement for telecommunication, electric transmission and communication purposes, together with any incidental rights, in favor of IES Utilities Inc., as contained in the Overhang Easement, dated July 28, 1997,
recorded September 2, 1997, in Book 1097, Page 275 (affects Parcel 2). 

  

	11.	Terms, conditions, easements, restrictions, covenants and provisions as contained in the Limited Easement dated March 7, 2005, recorded March 7, 2007, in Book 2007, Page 1372 (affects Parcel 2).

  

	12.	Any easement, covenant or restriction which may be required by any applicable governmental or quasi-governmental authority or by a provider of utility services, or with respect to any matter required for Landlord to
perform its obligations under the Lease and which does not materially and adversely affect Tenant’s ability to use the Demised Premises for the Primary Intended Use, and such other easements, restrictions or such other title matters and
exceptions, as may be consented to (or deemed consented to) by Tenant in accordance with the Lease. 

  

	13.	Any agreement, covenant, condition or restriction entered into by Landlord in connection with the Development Agreement or in connection with Tenant’s entry into the Employer Agreement, including, without
limitation, the Minimum Assessment Agreement. 

  
 G-1 

	14.	Acts done or suffered by, through or under, or judgments against, Tenant. 

  

	15.	The Lease and any recorded Memorandum of Lease evidencing the Lease. 

  
 G-2 

 EXHIBIT “H” 

Form of Guaranty of Lease 

THIS GUARANTY OF LEASE (“Guaranty”) is dated as of November 13, 2007 and is made and entered into by LCSI Holding, Inc.,
a Delaware corporation (“Guarantor”) to be effective as of the Effective Date set forth in the Lease. 
 RECITALS

 A. This Guaranty is being executed and delivered by Guarantor as an essential inducement to that certain Net Lease Agreement
(Build-to-Suit) dated as of November 13, 2007, (the “Lease”), between Opus Northwest, L.L.C., a Delaware limited liability company as Landlord, and TPI Iowa, LLC, a Delaware limited liability company as Tenant, covering the
Premises described in the Lease. 
 B. Unless otherwise defined in this Guaranty, all capitalized terms used in the Guaranty have the same
definitions as are set forth in the Lease. 
 AGREEMENT 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees, covenants, represents and
warrants as set forth below. 
 1. Guaranty. Guarantor hereby unconditionally guarantees the timely payment and performance of all
rent, charges, and obligations of Tenant under the Lease and all other documents evidencing or securing the obligations under the Lease, including, without limitation, Tenant’s obligations to pay all Basic Rent and Additional Rent and to
perform all maintenance and indemnity obligations under the Lease (collectively, the “Guaranteed Obligations”). This Guaranty is an absolute guaranty of payment and performance and not of collection. This Guaranty will survive the
termination of the Lease and will continue in full force and effect with respect to any of Tenant’s obligations under the Lease which are not fully performed upon the termination of the Lease. 

2. Rights of Landlord. Guarantor authorizes Landlord to, at any time and from time to time, in Landlord’s discretion,
(a) release Tenant or any other person from its liability for all or any part of the Guaranteed Obligations; (b) participate in any settlement offered by Tenant or any guarantor, whether in liquidation, reorganization, receivership,
bankruptcy or otherwise; (c) release, substitute or add any one or more guarantors or endorsers; (d) assign this Guaranty and/or the Guarantied Obligations in whole or in part; or (e) modify, extend and/or amend the Guarantied
Obligations. Landlord may take any of the foregoing actions upon any terms and conditions as Landlord may elect, without giving notice to Guarantor or obtaining the consent of Guarantor and without affecting the liability of Guarantor to Landlord.

 3. Independent Obligations. Guarantor’s obligations under this Guaranty are independent of those of Tenant or of any other
guarantor. Landlord may bring a separate action against Guarantor without proceeding (either before, after or concurrently) against Tenant or any other guarantor or person or any security held by Landlord and without pursuing any other remedy.
Landlord’s rights under this Guaranty shall not be exhausted by any action of Landlord until all of the Guarantied Obligations have been fully performed. 

4. Waiver of Defenses. Guarantor waives all of the following, whether created or imposed by or under statute, common law, or otherwise:

 4.1 Any right to require Landlord to proceed against Tenant or any other person or any security now or hereafter held by
Landlord or to pursue any other remedy whatsoever. 
 4.2 Any defense based upon any legal disability of Tenant or any
guarantor, or any discharge or limitation of the liability of Tenant or any guarantor to Landlord, or any restraint or stay applicable to actions against Tenant or any other guarantor, whether such disability, discharge, limitation, restraint or
stay is consensual, or by order of a court or other governmental authority, or arising by operation of law or 

  
 H-1 

 
any liquidation, reorganization, receivership, bankruptcy, insolvency or debtor-relief proceeding, or from any other cause. 

4.3 All setoffs, counterclaims, presentment, demand, protest or notice of any kind, except for any notice which may be
expressly required by the provisions of this Guaranty. 
 4.4 Any defense based upon the modification, renewal, extension or
other alteration of the Guarantied Obligations, or of the documents executed in connection therewith. 
 4.5 Any defense
based upon the negligence of Landlord, including, without limitation, the failure to file a claim in any bankruptcy of the Tenant or any guarantor. 

4.6 Any defense based upon Landlord’s delay in enforcing this Guaranty. 

4.7 All rights of subrogation, reimbursement, indemnity, all rights to enforce any remedy that Landlord may have against
Tenant, and all rights to participate in any security held by Landlord for the Guarantied Obligations until the Guarantied Obligations have been paid and performed in full. 

4.8 Any defense based upon or arising out of any defense that the Tenant or any other person may have to the performance of any
part of the Guarantied Obligations other than Landlord’s breach or resulting from a termination of the Lease permitted under the Lease (other than a termination by Landlord following a default by Tenant). 

4.9 Any defense based upon the death, incapacity, lack of authority or termination of existence or revocation hereof by any
person or entity or persons or entities, or the substitution of any party hereto. 
 4.10 Any defense based upon or related
to Guarantor’s lack of knowledge as to Tenant’s financial condition. 
 4.11 Any and all rights to revoke this
Guaranty in whole or in part. 
 4.12 Any defense based upon any action taken or omitted by Landlord in any bankruptcy or
other insolvency proceeding involving Tenant, including any election to have Landlord’s claim allowed as secured, partially secured or unsecured, any action taken by the Landlord in connection with a motion to assume, assign or reject the
Lease, any extension of credit by the Landlord to the Tenant in any such proceeding, and the taking and holding by the Landlord of any security for any such extension of credit. 

4.13 All rights and defenses arising out of an election of remedies by Landlord, even though that election of remedies impairs
or destroys Guarantor’s right of subrogation and/or reimbursement against Tenant. 
 5. Bankruptcy. Until all of the Guarantied
Obligations have been paid and performed in full or in the event the Lease is terminated in accordance with the terms of the Lease (other than a termination by Landlord following a default by Tenant), Guarantor shall not, without the prior written
consent of Landlord, commence, or join with any other person in commencing, any bankruptcy, reorganization, or insolvency proceeding against Tenant. The obligations of Guarantor under this Guaranty shall not be altered, limited, or affected by any
proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation, or arrangement of Tenant, or by any defense Tenant may have by reason of any order, decree, or decision of any court or
administrative body resulting from any such proceeding. No limitation upon or stay of the enforcement of any obligation of Tenant by virtue of any such proceeding shall limit or stay Landlord’s enforcement of Guarantor’s payment or
performance of such obligation under this Guaranty. In furtherance of the foregoing, Guarantor agrees that if acceleration of the time for payment of any amount payable by Tenant under the Lease or in respect of the other Guarantied Obligations is
stayed for any reason, all such amounts which would be subject to 

  
 H-2 

 
acceleration shall nonetheless be deemed to be accelerated for purposes of this Guaranty and the full amount thereof shall be payable by Guarantor hereunder forthwith upon demand. 

6. Costs and Expenses. Guarantor agrees to pay, upon Landlord’s demand, Landlord’s reasonable out-of-pocket costs and
expenses, including but not limited to attorneys’ fees, costs and disbursements, incurred in any effort to collect or enforce any of the Guarantied Obligations or this Guaranty, regardless whether any lawsuit is filed, and in the representation
of Landlord in any insolvency, bankruptcy, reorganization or similar proceeding relating to Tenant or Guarantor. Until paid to Landlord, such sums will bear interest from the date such costs and expenses are incurred at the rate set forth in the
Lease for past due obligations. The obligations of the Guarantor under this Section shall include payment of all such costs and expenses incurred by Landlord in enforcing any judgments. 

7. Reinstatement. The liability of Guarantor hereunder shall be reinstated and revived, and the rights of Landlord will continue, with
respect to any amount at any time paid on account of the Guarantied Obligations which Landlord is thereafter required to restore or return or which is avoided in connection with the bankruptcy, insolvency or reorganization of Tenant or otherwise,
all as though such amount had not been paid. The determination as to whether any such payment or performance must be restored or returned will be made by the bankruptcy court having jurisdiction over Tenant. Further, upon demand from Landlord,
Guarantor will restore or return such payment or performance directly on Landlord’s behalf in furtherance of Guarantor’s obligations hereunder. Landlord shall return or deliver this Guaranty to Guarantor upon the payment of the Guarantied
Obligations. If this Guaranty is returned to Guarantor or is otherwise released, then the provisions of this Guaranty shall survive such return or release if the liability of Guarantor is reinstated or revived in connection with this Section 7
notwithstanding such return or release until the Guarantied Obligations are satisfied in full without any requirement of Landlord to restore or return any portion thereof that has been received by Landlord. 

8. Subordination. Any indebtedness of Tenant to Guarantor now or hereafter existing shall be, and such indebtedness hereby is,
deferred, postponed and subordinated to payment and performance of the Guarantied Obligations. Any payment made to Guarantor by Tenant or any third party with respect to the indebtedness subordinated hereunder at any time when an Event of Default
exists under the Lease or while any Guarantied Obligations are otherwise then payable or performable shall be held in trust by Guarantor for the benefit of Landlord and shall be turned over to Landlord immediately upon receipt thereof for
application by Landlord against the Guarantied Obligations. Any lien, charge or claim which Guarantor now has or hereafter may have on or to any real or personal property of Tenant (including without limitation any real property subject of the
Lease, the personal property located thereon, any rights therein and related thereto, and the revenue and/or income realized therefrom) and any security for any loans, advances or other indebtedness of Tenant to Guarantor, shall be, and hereby is,
subordinated to the payment and performance of the Guarantied Obligations. 
 9. Representations and Warranties. Guarantor makes the
following representations and warranties, which, unless otherwise expressly specified herein, are deemed to be continuing representations and warranties until payment and performance in full of the Guarantied Obligations. 

9.1 Guarantor has all the requisite power and authority to execute, deliver and be legally bound by this Guaranty on the terms
and conditions herein stated. 
 9.2 Guarantor has all the requisite power and authority to transact any other business with
Landlord as necessary to fulfill the terms of this Guaranty. 
 9.3 This Guaranty constitutes the legal, valid and binding
obligations of Guarantor enforceable against Guarantor in accordance with its terms. 
 9.4 Neither the execution and
delivery of this Guaranty nor the consummation of the transaction contemplated hereby will, with or without notice and/or lapse of time, (a) constitute a breach of any of the terms and provisions of any note, contract, document, agreement or
undertaking, whether written or oral, to which Guarantor is a party or to which Guarantor’s property is subject; (b) accelerate or constitute any event entitling the holder of any indebtedness of Guarantor to accelerate the maturity of any

  
 H-3 

 
such indebtedness; or (c) conflict with or result in a breach of any writ, order, injunction or decree against Guarantor of any court or governmental agency or instrumentality. 

9.5 No consent of any other person not heretofore obtained and no consent, approval or authorization of any person or entity is
required in connection with the valid execution, delivery or performance by Guarantor of this Guaranty. 
 9.6 Guarantor will
receive a material benefit from the leasing of the Premises to Tenant and the consideration received by Guarantor for this Guaranty is sufficient in all respects. 

9.7 Neither this Guaranty nor any other statement furnished by Guarantor to Landlord in connection with the transactions
contemplated hereby (including, without limitation, any financial statements or other business information) contains any untrue statement of material fact or omits to state a material fact necessary in order to make the statements contained herein
or therein true and not misleading. 
 Furthermore, Guarantor represents and warrants that, as of the date of this Guaranty and not as a continuing
representation or warranty, and to Guarantor’s actual knowledge without investigation, neither the execution and delivery of this Guaranty nor the consummation of the transaction contemplated hereby will conflict with or be prohibited by any
federal, state, local or other governmental law, statute, rule or regulation applicable to Guarantor. For purposes hereof, the phrase “to Guarantors actual knowledge” shall mean the actual knowledge of Wayne Monie and Kevin Woodward. 

10. Joint and Several Liability. The obligations, waivers, promises, representations and warranties set forth herein are the joint and
several undertakings of each Guarantor executing this Guaranty as a Guarantor and of any other guarantors or other persons or entities obligated from time to time with respect to the Guarantied Obligations. Landlord may proceed hereunder against any
one or more of said Guarantors without waiving its rights to proceed against any of the others. 
 11. Inducement; No Assignment.
Guarantor acknowledges that the undertakings given in this Guaranty are given in consideration of Landlord’s entering into the Lease and that Landlord would not enter into the Lease but for the execution and delivery of this Guaranty.
Guarantor’s obligations hereunder are personal to Guarantor and Guarantor may not assign or delegate any of its obligations under this Guaranty without Landlord’s prior written consent, which consent may be withheld in Landlord’s sole
and absolute discretion. 
 12. Guarantor Information. Upon request by Landlord but in no event more than twice per calendar year,
and provided Landlord and any party which will have access to such financial statements first executes a confidentiality agreement in form reasonably acceptable to Guarantor, Guarantor shall deliver to Landlord the financial statements of Guarantor,
as reasonably requested by Landlord, audited if available, for the most recent fiscal year for which Guarantor has such statements prepared. 

13. Tenant’s Financial Condition. Guarantor is relying upon its own knowledge and has made such investigation as Guarantor has
deemed necessary with respect to Tenant’s financial condition. Guarantor assumes full responsibility for keeping fully informed of the financial condition of Tenant and all other circumstances affecting Tenant’s ability to pay and perform
its obligations under the Lease, and agrees that Landlord will have no duty to report to Guarantor any information which Landlord receives about Tenant’s financial condition or any circumstances bearing on Tenant’s ability to perform.
Guarantor agrees that Landlord has made no representations or assurances regarding Tenant’s financial condition or Tenant’s ability to pay and perform Tenant’s obligations under the Lease. 

14. Default. The occurrence of any one or more of the following events shall, at the election of Landlord, be deemed an event of
default under this Guaranty: (a) Guarantor fails to pay any monetary Guarantied Obligation that has accrued and is past due within five days after written demand from Landlord; (b) Guarantor fails to perform any non-monetary Guarantied Obligation
that has accrued within 15 days after written demand therefor from Landlord (or, if Guarantor is not able through the use of commercially reasonable efforts to perform such Guarantied Obligation within a 15 day period, if Guarantor does not commence
to perform such obligation within such 15 day period and diligently pursue such performance to completion within an additional 60 days after the 

  
 H-4 

 
expiration of the initial 15 day period); (c) Guarantor fails or neglects to perform, keep or observe any other term, provision, agreement or covenant contained in this Guaranty;
(d) the commencement of any liquidation, reorganization, receivership, bankruptcy, assignment for the benefit of creditors or other similar proceeding by or against Guarantor; (e) if any representation or warranty made in this Guaranty
shall be or become false in any material respect; or (f) the dissolution or termination of the Guarantor. Upon the occurrence of an event of default under this Guaranty, Landlord may, in its sole discretion, in addition to any other right or
remedy provided by law or at equity, all of which are cumulative and non-exclusive, proceed to suit against the Guarantor. 
 15.
Transfer by Landlord. Landlord may sell, assign, or otherwise transfer its interest in the Premises, the Lease or this Guaranty at any time. If Landlord transfers (other than for collateral security purposes) the ownership of Landlord’s
interest in the Lease, this Guaranty shall, unless Landlord elects otherwise in writing, automatically apply in favor of the transferee with respect to all Guarantied Obligations arising or accruing from and after the date of the transfer. In
addition, this Guaranty shall remain in full force and effect in favor of the transferor with respect to all Guarantied Obligations arising or accruing under the Lease prior to the date of the transfer including, without limitation, all Guarantied
Obligations relating to Tenant’s indemnity and insurance obligations (and similar obligations) under the Lease with respect to matters arising or accruing during the transferor’s period of ownership. 

16. Severability. If any one or more of the covenants, provisions or terms of this Guaranty is, in any respect, held to be invalid,
illegal or unenforceable for any reason, the remaining portion thereof and all other covenants, conditions, provisions, and terms of this Guaranty will not be affected by such holding, but will remain valid and in force to the fullest extent
permitted by law. 
 17. Notices. All notices, demands and other communications with, to, from or upon the Guarantor and the Landlord
required or permitted hereunder shall be in writing, addressed to the parties at their respective addresses as follows: (a) with respect to Landlord, to the notice addresses for Landlord under the Lease; and (b) with respect to Guarantor,
unless a separate notice address is specified on the signature page of this Guaranty, to Guarantor in care of Tenant at the notice address for Tenant under the Lease; or (c) as to either, at such other address as shall be designated in a
written notice to the other complying with the terms of this Section. All such communications shall be deemed effective upon the earliest of (i) actual delivery if delivered by personal delivery with a receipt for delivery; (ii) four
(4) business days following deposit, first class postage prepaid, with the United States mail; (iii) if sent by certified postage prepaid mail, upon the earliest to occur of (A) four (4) business days following deposit thereof in
the United States mail, or (B) receipt (or refusal to accept delivery); or (iv) on the next Business Day after deposit with an overnight air courier with request for next business day delivery. 

18. Estoppel. At any time that Tenant is required to furnish a certificate pursuant to the Lease, Guarantor, by guarantying the terms
and conditions of the Lease, agrees that Guarantor, upon twenty (20) days prior written request to Tenant or Guarantor, shall certify (by written instrument, duly executed, acknowledged and delivered to Landlord and to any third person
designated by Landlord in such request) that Guarantor concurs with the statements set forth in said certificate by Tenant and that this Guarantee remains in full force and effect. Failure to deliver such certificate to Landlord (and any such
designated third party) within such twenty (20) day period shall constitute automatic approval of the requested certificate as though such certificate had been fully executed and delivered by Guarantor to Landlord and such designated third
party. 
 19. Miscellaneous. No provision of this Guaranty or Landlord’s rights hereunder may be waived or modified nor can
Guarantor be released from its obligations hereunder except by a writing executed by Landlord. No such waiver shall be applicable except in the specific instance for which given. No delay or failure by Landlord to exercise any right or remedy
against Tenant or Guarantor will be construed as a waiver of that right or remedy. All remedies of Landlord against Tenant and Guarantor are cumulative. This Guaranty shall be governed by and construed under the laws of the State in which the
Premises is located. The provisions of this Guaranty will bind and benefit the heirs, executors, administrators, legal representatives, successors and assigns of Guarantor and Landlord. The term “Tenant” will mean not only the
Tenant named herein but also any other person or entity at any time occupying all or any portion of the Premises or assuming or otherwise becoming liable (other than as a guarantor) for all or any part of the Guarantied Obligations. This Guaranty
constitutes the entire agreement between Guarantor and Landlord with respect to its subject matter, and supersedes all prior or contemporaneous agreements, 

  
 H-5 

 
representations and understandings. All headings in this Guaranty are for convenience only and shall be disregarded in construing the substantive provisions of this Guaranty. 

[Signature page follows.] 

  
 H-6 

 IN WITNESS WHEREOF, this Guaranty has been duly executed on behalf of Guarantor and delivered to
Landlord as of the date set forth above, to be effective as of the Effective Date set forth in the Lease. 
  

					
	GUARANTOR:
		
		 	 LCSI Holding, Inc.,
 a Delaware
corporation

			
		 	By:	 	  

		 	Print Name:	 	  

		 	Title:	 	  

  
 H-7 

 EXHIBIT “I” 

Form of Subordination, Non-Disturbance and Attornment Agreement 

THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (“Agreement”) is made as of
            , 200    , among                     , a
                     (“Lender”), Opus Northwest, L.L.C., a Delaware limited liability company (“Lessor”), and TPI
Iowa, LLC, a Delaware limited liability company (“Lessee”). 
 Recitals: 

A. Lessor and Lessee have entered into that certain Net Lease Agreement dated as of
            , 2007 (the “Lease”), concerning certain premises (the “Premises”), to be constructed on that certain real property in Newton, Iowa, which is
legally described on the attached Exhibit A (the “Land”). 
 B. As security for a loan from Lender to Lessor in the
original principal amount of          (the “Loan”), Lessor is mortgaging the Land to Lender under a [Combination Mortgage, Security Agreement and Fixture Financing Statement dated
            , 200    ], recorded in the office of the County Recorder of Jasper County, Iowa, as document number
             (as now or hereafter increased, amended, modified, supplemented, consolidated, replaced, substituted, extended and/or renewed, the “Mortgage”). 

C. Lender has required the execution of this Agreement as a condition to making any disbursements of Loan proceeds to finance the costs of the
improvements to the Premises and Lessee has required the execution of this Agreement as a condition to subordinating Lessee’s Lease to the Mortgage. 

D. Lender, Lessor and Lessee have agreed to the following with respect to their mutual rights and obligations pursuant to and under the Lease
and the Mortgage. 
 NOW, THEREFORE, the parties hereby agree as follows: 

1. Subordination. Subject to the terms of this Agreement, including without limitation Section 2 of this Agreement, all of
Lessee’s right, title and interest in and to the Premises, the Lease and all rights of Lessee under the Lease are and shall remain unconditionally subject and subordinate to the Mortgage in all respects. 

2. Non-Disturbance. Provided that the Lease is then in full force and effect and Lessee is not then in default under the Lease
beyond any applicable grace or cure periods provided in the Lease, Lessee’s rights under the Lease, including the right to use and occupy the Premises shall not be disturbed for any reason, except as provided in the Lease, and the Lease shall
not be extinguished or terminated by an action or proceeding to foreclose or otherwise enforce the Mortgage or by a conveyance in lieu of foreclosure, but rather, the Lease shall continue in full force and effect and the owner of the Premises
following a foreclosure sale or conveyance in lieu of foreclosure (“New Owner”) shall recognize and accept Lessee as the tenant under the Lease. 

3. Attornment. Upon Lessee’s receipt of notice that Lender or any other party has become the New Owner and subject to the
terms of Section 2 above of this Agreement, Lessee will attorn to and recognize such New Owner as its substitute lessor under the Lease. Lessee’s attornment to and recognition of New Owner pursuant to this Agreement will be effective and
self-operative immediately upon Lessee’s receipt of such notice without the execution or delivery of any further instrument. Upon New Owner’s or Lessee’s request, Lessee and New Owner will execute and deliver an instrument
acknowledging the validity of the Lease and New Owner’s obligations as the Landlord thereunder and Lessee’s attornment to and recognition of New Owner. 

4. New Owner. New Owner will be bound, as the lessor, to Lessee under all covenants and conditions of the Lease for the
remainder of the term of the Lease and any renewal or extension thereof pursuant to the terms of the Lease, which (provided the Lease is then in full force and effect and Lessee is not then in default under the Lease beyond any applicable grace or
cure periods provided in the Lease) New Owner shall be deemed to have agreed to assume and perform by acquiring title to and possession of the Land, and Lessee shall, from and after 

  
 I-1 

 
the date New Owner succeeds to the interest of the “landlord” under the Lease, have the same remedies against New Owner for the breach of any covenant contained in the Lease that Lessee
might have had under the Lease against Lessor if New Owner had not succeeded to the interest of the “landlord”, except that New Owner: 

a. will not be bound by any amendment, supplement or other modification of the Lease which was not consented to in writing by
Lender; 
 b. will not be liable for any act, omission, or breach by any lessor under the Lease which occurs prior to the
date (“Acquisition Date”) New Owner acquires title to and possession of the Land, nor subject to any right of set-off or defense which Lessee may have against any prior lessor, provided that New Owner will be: (1) subject to
any right of set-off from rent which the Lease expressly affords to Lessee, to the extent Lessee has, in accordance with the notice provisions of the Lease and this Agreement, timely delivered written notice to Lender of the default giving rise to
such right of set-off and has afforded the time period specified in the Lease for Lessor to cure such default; and (2) obligated to cure any continuing default under the Lease to the extent such default remains uncured after the Acquisition
Date, provided that the term “continuing default” shall not include any failure by a prior Lessor to pay any money owed to Lessee with respect to any period prior to the Acquisition Date (except as provided in subsection (1) of this
paragraph); provided, further, that Lessee has, in accordance with the notice provisions of the Lease and this_ Agreement, timely delivered written notice to Lender of said default and has afforded the time period specified in the Lease for Lessor
to cure such default prior to the Acquisition Date; 
 c. will not be personally liable in any respect under the Lease. 

5. Miscellaneous. 

a. Notices. All notices under this Agreement must be in writing and must be sent by personal delivery, by United
States registered or certified mail (postage prepaid), by facsimile (with a copy sent the same day by one of the other prescribed methods of delivery) or by an independent overnight courier service, addressed to the addresses specified below or at
such other place as a party may designate to the other parties by written notice given in accordance with this section. Notices given by mail are deemed effective three business days after the party sending the notice deposits the notice with the
United States Post Office. Notices given by facsimile are deemed effective on the day transmitted. Notices delivered by courier are deemed effective on the next business day after the day the party delivering the notice timely deposits the notice
with the courier for overnight (next day) delivery. 
  

			
	If to Lender	  	  

		  	  

		  	  

		  	  

		
	If to Lessor:	  	 Opus Northwest, L.L.C.
 10350 Bren Road West

Minnetonka, Minnesota 55343
 Attn:    Vice
President

		
	with copies to:	  	 Opus, L.L.C.
 10350 Bren Road West

Minnetonka, Minnesota 55343
 Attn:    Legal
Department – Brad J. Osmundson

		
		  	and
		
		  	 Daspin & Aument, LLP
 227 West Monroe
Street, Suite 3500
 Chicago, Illinois 60606

  
 I-2 

			
		  	Attn:    D. Albert Daspin
		
	If to Lessee:	  	 TPI Iowa, LLC
 8501 North Scottsdale Road, Suite
280
 Scottsdale, Arizona 85258

Attn:    Mr. Wayne Monie

		
	with a copy to:	  	 Goodwin Procter LLP
 Exchange Place

Boston, Massachusetts 02109
 Attn:    David
Henkel, Esq.

 b. Notice of Default. Lessee will provide to Lender each notice of default by
Lessor, as and when it provides such notice to Lessor, and Lender will have the right, but not the obligation, to cure any such default within the time provided in the Lease to Lessor to cure such default. Lessee agrees not to exercise any of its
remedies in connection with any default notice to Lessor until the expiration of the cure period provided to Lessor under the Lease, and Lessee agrees to accept any cure from Lender as if made by Lessor. Notwithstanding the foregoing, unless Lender
otherwise agrees in writing to assume any obligations of Lessor under the Lease or Lender becomes the New Owner, Lessor shall remain solely liable to perform Lessor’s obligations under the Lease, both before and after Lender’s exercise of
any cure right under this Agreement. 
 c. No Advance Rent. Except as may be required by the Lease, Lessee will
not pay the rent or any other sums due under the Lease more than one month in advance, except with the written consent of Lender. 

d. Insurance and Condemnation Proceeds. All condemnation awards and insurance proceeds paid or payable with
respect to the Premises and received by Lessee and Lessor as co-trustees shall be applied and paid in the manner set forth in the Lease. 

e. Assignment of Rents. Lessor and Lessee acknowledge that Lender is entitled, pursuant to an Assignment of
Leases and Rents executed by Lessor in favor of Lender, to receive and collect all rent payable under the Lease directly from Lessee. Lessee agrees to pay all of said rent directly to Lender upon receipt of a written request from Lender. Until
Lessee receives such request from Lender, Lessee will pay all of said rent to Lessor in accordance with the provisions of the Lease. Upon Lessee’s receipt of such request, Lessee will not be required to determine whether Lessor is in default
under the Loan or the Mortgage. Lessor acknowledges that Lessee’s payment to Lender of rent due under the Lease in accordance with Lender’s directions, without inquiry on the part of Lessee, shall constitute payment as required by the
Lease for all purposes notwithstanding any countervailing instruction from Lessor at the time of Lender’s request. 
 f.
No Modification or Termination. Lessor will not cancel or terminate the Lease or amend, modify, supplement, or in any manner alter any of its terms without the prior written consent of Lender, except pursuant to its terms. 

g. Successors and Assigns. This Agreement will be binding upon and will inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, personal representatives, successors and assigns, including any New Owner. 

h. Governing Law. This Agreement and the Lease will be governed by and construed and interpreted in accordance
with the internal laws of the State of Iowa. 
 i. Counterparts. This Agreement may be signed in counterparts and each
counterpart shall be effective as an original when counterparts have been signed by all parties. 

  
 I-3 

 k. Lessee’s Fixtures. Neither the Mortgage nor any other security interest executed
in connection with the Mortgage shall cover or be construed as subjecting in any manner to the lien of the Mortgage, any trade fixtures, signs or other personal property at any time furnished or installed by or for Lessee or its subtenants or
licensees on the Premises regardless of the manner or mode of attachment, including any of Tenant’s Removable Property (as such term is defined in the Lease). 

[Signature page follows.] 

  
 I-4 

 IN WITNESS WHEREOF, this Subordination, Non-Disturbance and Attornment Agreement
has been duly executed as of the day and year first above written. 
  

			
	  

		
	By:	 	  

	Its:	 	  

  

					
	STATE OF MINNESOTA)
			
		 	)	 	ss.
			
	COUNTY OF             	 	)	 	

 The foregoing was acknowledged before me this      day of
            , 20    , by             
the             of             , a             , on behalf of the
            . 
  

	
	  

	 Notary Public

  
 I-5 

 
			
	OPUS NORTHWEST, L.L.C.
		
	By:	 	  

	Its:	 	  

  

							
	STATE OF MINNESOTA	 	)	 		  	
		 	)	 	ss.	  	
	COUNTY OF HENNEPIN	 	)	 		  	

 The foregoing was acknowledged before me this    day
of            , 20    ,
by            the            of Opus Northwest, L.L.C., a Delaware limited liability company, on behalf of the limited liability
company. 
  

			
		 	  

		 	 Notary Public

  
 I-6 

 
					
	TENANT:
	
	 TPI Iowa, LLC,
 a Delaware limited
liability company

		
	By:	 	LCSI Holding, Inc., as its sole manager and member
			
		 	By:	 	  

			
		 	Its:	 	  

  

							
	STATE OF            	 	)	 		  	
		 	)	 	ss.	  	
	COUNTY OF            	 	)	 		  	

 The foregoing was acknowledged before me this    day
of            , 20    ,
by            the            of LCSI Holding, Inc., as sole manager and member of TPI Iowa, LLC, a Delaware limited liability
company, on behalf of the corporation and the limited liability company. 
  

			
		 	  

		 	 Notary Public

  
 I-7 

 EXHIBIT A 

Legal Description 
 Parcel 1: 

Parcel “A” of the Southwest Quarter of the Southeast Quarter of Section Fourteen, AND Parcel “B” of the West half of the Northeast Quarter
of Section Twenty-three, all in Township Eighty North, Range Nineteen West of the Fifth P.M., Jasper County, Iowa, as appears in (Corrected) Plat of Survey of record in Book 1154, Page 299 in the Office of the County Recorder of Jasper County, Iowa.

 AND 
 Parcel 2: 

Parcel “B” of the Southeast Quarter of the Southeast Quarter of Section Fourteen, AND Parcel “A” of Lot “A” of the East half of
Section Twenty-three, as appears in Plat Book “B”, at Page 56, all in Township Eighty North, Range Nineteen West of the Fifth P.M., Jasper County, Iowa, as appears in the (Corrected) Plat of Survey of record in Book 1154, Page 299 in the
Office of the County Recorder of Jasper County, Iowa. 

  
 I-A-1 

 EXHIBIT “J” 

Items of Property Tenant May Remove 

  
 J-1 

 EXHIBIT “K” 

Landlord Consent 

Landlord Consent 
 Dated as
of                , 20     
 Reference
is hereby made to the Lease dated            ,    (as amended, the “Lease”), by and
between            , as landlord (the “Landlord”), and             , as tenant (the “Tenant”), regarding the
real estate leased by Tenant and located at                     (the “Premises”) 

The Tenant has informed the Landlord that the Tenant has requested Sovereign Bank (the “Lender”) to extend certain loans to the
Tenant (the “Loan”) and that if the Lender makes the Loan to the Tenant, it will do so in material reliance on the representations and undertakings set forth in this Consent. The Landlord understands that the Loan will be secured by, among
other things, all of the Tenant’s tangible and intangible personal property (collectively, the “Collateral”), now owned or hereafter acquired. The Collateral shall not include, without limitation, any security deposit required of
Tenant under the Lease and any property owned by Landlord as described in the Lease, including, without limitation, fixtures or equipment which constitutes a part of the Premises such as heating, ventilation, air- conditioning, plumbing, mechanical,
electrical, or other equipment that is so affixed or related to the Premises that it constitutes real property. 
 The Landlord hereby
certifies and confirms to and agrees with the Lender as follows: 
 1. The Landlord hereby consents to the Tenant’s grant to the Lender
of a security interest in the Collateral and subordinates to the Lender any and all liens and all rights which the Landlord now has or may hereafter acquire in the Collateral, whether by contract or otherwise, and agrees that the Collateral is and
shall remain personal property of the Tenant at all times while the Loan remains outstanding. 
 2. Subject to the rights of Tenant, the
Landlord, at all times during the time period set forth in the following sentence, consents to the entry by Lender and its agents and representatives onto the Premises to inspect, remove or dispose of the Collateral, including for purposes of
conducting a sale of the Collateral on the Premises. In the event the Lease shall be terminated, as a result of the Tenant’s default or otherwise, Landlord shall, either before or after such termination, give the Lender notice of such
termination, and the Lender or its representatives shall have the right to enter onto the Premises for the purposes provided in the first sentence of this paragraph 2 for a period not exceeding thirty (30) days after such notice,
provided that prior to entry for any purpose, including any sale, the Lender and its agents and representatives provide liability insurance coverages, naming the Landlord as an additional insured, consistent with limits and types to the
liability insurance required of Tenant under the Lease, and provided that for the period that the Lender occupies the Premises, the Lender shall pay rent at the per diem rate based on the monthly rent set forth in the Lease and shall
otherwise be bound by the terms of the Lease. The Lender hereby agrees that in the event that any of the Collateral remains in the Premises after the expiration of the 30-day period for Lender to enter the Premises as aforesaid, then, at the
Landlord’s option, the Collateral may thereafter be removed and retained or disposed of by the Landlord without regard to Lender’s security interest and without being liable therefor. 

3. If Lender elects to enter the Premises subject to and in accordance with the conditions and limitations set forth herein, it shall promptly
remove all Collateral from the Premises, and in no event shall Lender be permitted to operate the business of Tenant at the Premises. Further, Lender agrees to (i) 

  
 K-1 

 
assume rent liability when Lender enters the Premises to protect or remove the Collateral, which liability shall be a sum equal to the daily per diem of the monthly rental figure (including
additional charges) stipulated in the Lease, plus the per diem cost to heat and secure the Premises; (ii) observe Landlord’s reasonable rules and regulations for the Premises and exercise diligent efforts to avoid any breach of the peace
in exercising any of Lender’s rights hereunder; (iii) repair any damage to the Premises which occurs in connection with the exercise of any of Lender’s rights hereunder; and (iv) defend, indemnify and hold harmless Landlord and
its agents from and against all losses, costs, damages, liabilities, claims, disputes and expenses, (including, without limitation, attorneys’ fees and costs), suffered or incurred by Landlord arising from Lender’s exercise of any of its
rights hereunder, including, without limitation, a sale of the Collateral. Landlord shall have the right, but not the obligation, to have its representatives observe Lender’s entry into the Premises, removal of any Collateral therefrom and the
repair of damage, but in any case Lender’s actions shall be taken at the sole risk of Lender. 
 4. Tenant consents to the foregoing.

 5. The Landlord has not so assigned, transferred or hypothecated its interest under the Lease such that Landlord does not have the full
right, power and authority to execute and deliver this Consent. 
 6. This Consent shall be governed and controlled by and interpreted under
the laws of the State of Iowa and shall inure to the benefit of and be binding upon the successors and assigns of the Landlord, the Tenant and the Lender. The parties waive any right to trial by jury in any action or proceedings based on or
pertaining to this Consent. 
 7. Whenever, by the terms of this Consent, notices are to be given to any party, such notices shall be in
writing and shall be sent by registered or certified mail, postage pre-paid, return receipt requested, or by a recognized overnight delivery service such as Federal Express, to the parties at their addresses listed on the signature page hereto. All
notices shall be deemed given three (3) business days following deposit in the United States mail with respect to certified or registered letters, one (1) business day following deposit if delivered to an overnight courier guaranteeing
next day delivery and on the same day if sent by personal delivery or telecopy (with proof of transmission). Attorneys for each party shall be authorized to give notices for each such party. Any party may change its address for the service of notice
by giving written notice of such change to the other party, in any manner above specified. 
 8. Nothing contained herein shall modify,
amend or release any of the obligations of the Tenant under the Lease, and the Tenant shall remain fully and completely liable and obligated with respect thereto. 

9. Lender shall pay all costs and expenses, including reasonable attorneys’ fees, incurred by Landlord as a result of any violation by
Lender of any of the provisions of this Consent. 
 10. This Consent may be executed in any number of counterparts, each of which shall
constitute an original for all purposes. 
 [Signature Page Follows] 

  
 K-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Consent to be executed, under seal, by
their duly authorized representatives as of the date first above written. 
  

									
	[Landlord]	 		 	[Lender]
					
	By:	 	  
	 		 	By:	 	  

		 	(Signature)	 		 		 	(Signature)
					
	Its:	 	  
	 		 	Its:	 	  

		 	(Printed Name and Title)	 		 		 	(Printed Name and Title)
					
	Address:	 	  
	 		 	Address:	 	  

					
		 	  
	 		 		 	  

					
	Attention:	 	  
	 		 	Attention:	 	  

					
	[Tenant]	 		 		 		 	
					
	By:	 	  
	 		 		 	
		 	(Signature)	 		 		 	
					
	Its:	 	  
	 		 		 	
		 	(Printed Name and Title)	 		 		 	
					
	Address:	 	  
	 		 		 	
					
		 	  
	 		 		 	
					
	Attention:	 	  
	 		 		 	

  
 K-3 

 EXHIBIT “L” 

Form of Memorandum of Lease 

-----------------------------------------------------Reserved for Recording Data----------------------------------------------------- 

This document was prepared by 
 and upon recording return to:

 D. Albert Daspin 
 Daspin & Aument, LLP 

227 West Monroe Street, Suite 3500 
 Chicago, Illinois 60606 

MEMORANDUM OF LEASE 
 This
Memorandum of Lease (“Memorandum”), dated as of November 13, 2007, is made by and between Opus Northwest, L.L.C., a Delaware limited liability company (“Landlord”), and TPI Iowa, LLC, a Delaware limited liability company
(“Tenant”). 
 RECITALS: 

A. By that certain Net Lease Agreement (Build-to-Suit) dated as of November 13, 2007 (“Lease”), by and between Landlord and
Tenant, Landlord leased to Tenant and Tenant leased from Landlord, upon and subject to the terms and provisions contained in the Lease, certain premises (“Demised Premises”), including the improvements thereon, located in Newton, Iowa, as
more particularly described in Exhibit A attached hereto and made a part hereof. 
 B. Landlord and Tenant desire to execute and
record this Memorandum for the purpose of giving notice of the existence of the Lease. 
 C. Unless otherwise provided herein, all
capitalized words and terms in this Memorandum shall have the same meanings ascribed to such words and terms as in the Lease. 
 NOW
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows: 

 

	 	1.	Premises. 

 For and in consideration of the rents reserved and of the covenants and agreements
contained in the Lease, Landlord has leased unto Tenant and Tenant has leased from Landlord the Demised Premises. 
  

	 	2.	Term. 

 The initial Term of the Lease is for a period commencing on the date the Initial
Improvements are Substantially Completed and expiring on the last day of the one hundred twentieth (120th) full calendar month of the Term, unless the Lease (a) shall sooner end and terminate as
provided in the Lease, or (b) be extended pursuant to 

  
 L-1 

 
the option periods provided in the Lease (i.e., two (2) option periods of five (5) years each), at a rental and upon the terms, provisions, covenants and conditions set forth in the
Lease. 
  

	 	3.	Permitted Use. 

 The Demised Premises shall be used for manufacturing, assembling, storing and
distributing composite fan blades and all legal uses incidental thereto, in compliance with all applicable laws, and for no other use or purpose whatsoever. 
  

	 	4.	Memorandum of Lease. 

 This Memorandum is executed for the purposes of giving notice of the
existence of the Lease. The Lease is deemed to be a material part hereof as though set forth in length herein. Whenever a conflict of provisions between this Memorandum and the Lease shall occur, the provisions of the Lease shall govern. This
Memorandum may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

	 	5.	Miscellaneous. 

 Upon the expiration or earlier termination of the Lease, this Memorandum of
Lease shall automatically terminate without further act of the parties hereto, and upon request by Landlord, Tenant shall execute any documents reasonably required to evidence such termination and to remove any exceptions to Landlord’s title
resulting from the Lease. If Tenant fails to so execute any such documents, then Tenant irrevocably constitutes and appoints Landlord as Tenant’s agent and attorney-in-fact to execute and deliver such documents, which appointment includes full
power of substitution and shall be deemed to be coupled with an interest. 
 [Signature Page Follows] 

  
 L-2 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Memorandum to be executed as of the day
and year first above written. 
  

											
	TENANT:	 		 	LANDLORD:
			
	TPI Iowa, LLC,	 		 	Opus Northwest, L.L.C.,
	a Delaware limited liability company	 		 	a Delaware limited liability company
					
	By:	 	LCSI Holding, Inc., as sole manager and member	 		 		 	
						
		 	By:	 	  
	 		 	By:	 	  

						
		 	Its:	 	  
	 		 	Its:	 	  

  

							
	STATE OF            	 	)	 		  	
		 	)	 	SS:	  	
	COUNTY OF            	 	)	 		  	

 BEFORE ME, a Notary Public in and for said County and State, this day personally appeared Opus Northwest
L.L.C., a Delaware limited liability company, by            , its            , who acknowledged that he executed the
within instrument and further acknowledged that such signing was his free act and deed both individually and in his capacity as            of said limited liability company. 

WITNESS my signature and Notarial Seal
at            ,        , this    day of November, 2007. 

 

					
		 		 	  

	[Seal]	 		 	Notary Public

  

							
	STATE OF            	 	)	 		  	
		 	)	 	SS:	  	
	COUNTY OF            	 	)	 		  	

 BEFORE ME, a Notary Public in and for said County and State, this day personally appeared TPI Iowa,
LLC, a Delaware limited liability company, by LCSI Holding, Inc., its sole manager and member, by            ,
its            , who acknowledged that he executed the within instrument and further acknowledged that such signing was his free act and deed both individually and in his capacity
as            of said corporation, as sole manager and member of said limited liability company. 

WITNESS my signature and Notarial Seal at            ,
        , this    day of November, 2007. 
  

					
		 		 	  

	[Seal]	 		 	Notary Public

  
 L-3 

 EXHIBIT A 

Legal Description of the Demised Premises 

Parcel 1: 
 Parcel “A” of the Southwest Quarter of the
Southeast Quarter of Section Fourteen, AND Parcel “B” of the West half of the Northeast Quarter of Section Twenty-three, all in Township Eighty North, Range Nineteen West of the Fifth P.M., Jasper County, Iowa, as appears in (Corrected)
Plat of Survey of record in Book 1154, Page 299 in the Office of the County Recorder of Jasper County, Iowa. 
 AND 

Parcel 2: 
 Parcel “B” of the Southeast Quarter of the
Southeast Quarter of Section Fourteen, AND Parcel “A” of Lot “A” of the East half of Section Twenty-three, as appears in Plat Book “B”, at Page 56, all in Township Eighty North, Range Nineteen West of the Fifth P.M.,
Jasper County, Iowa, as appears in the (Corrected) Plat of Survey of record in Book 1154, Page 299 in the Office of the County Recorder of Jasper County, Iowa. 

  
 L-A-1 

 FIRST AMENDMENT TO NET LEASE AGREEMENT 

(Build-to-Suit) 
 THIS
FIRST AMENDMENT TO NET LEASE AGREEMENT (Build-to-Suit) (“First Amendment”) is made and entered into as of July 26, 2008 (the “Effective Date”), by and between Opus Northwest, L.L.C., a Delaware limited liability company
(“Landlord”), and TPI Iowa, LLC, a Delaware limited liability company (“Tenant”). 
 RECITALS: 

A. By that certain Net Lease Agreement (Build-to-Suit) dated November 13, 2007 (the “Original Lease”) between Landlord and
Tenant, Landlord agreed to lease to Tenant and Tenant agreed to lease from Landlord, a certain parcel of land consisting of approximately 33.7 acres, in Newton, Iowa, together with the industrial building and other improvements to be constructed
thereon. 
 B. Landlord and Tenant desire to amend the Original Lease to (i) specify the Final Plans and Specifications (as defined in
the Original Lease) and (ii) specify certain Tenant’s Removable Property (as defined in the Original Lease), all as more particularly set forth herein. 

C. The Original Lease and this First Amendment are sometimes hereinafter collectively referred to as the “Lease,” and all references
to the “Lease” shall mean the Lease, as amended, whether or not such reference shall expressly refer to such amendment. Unless otherwise provided herein, all capitalized words and terms used herein shall have the same meanings ascribed to
such words and terms as in the Lease. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows: 

1. Landlord and Tenant acknowledge and agree that the Final Plans and Specifications for the Initial Improvements have been approved by
Landlord and Tenant and a description thereof is attached hereto and made a part hereof as Exhibit C. Such description of the Final Plans and Specifications shall also be deemed by execution of this First Amendment to have been initialed by
each party and is hereby attached to the Lease as Exhibit “C,” pursuant to the terms of Section 2.1 of the Original Lease. 

2. Landlord acknowledges and agrees that the items described on Schedule 1 attached hereto and made a part hereof have been or will be
installed in the Demised Premises by Landlord or Tenant and shall, for all purposes of the Lease, constitute Tenant’s Removable Property, as described in Section 2.10(c) of the Original Lease. Without limitation of the requirements of
Section 2.10(c) of the Original Lease, when Tenant removes such items, Tenant shall restore the damage caused by such removal as further described on Schedule 1 attached hereto. 

3. Except as otherwise expressly provided in this First Amendment, all provisions of the Lease remain in full force and effect and are not
modified by this First Amendment, and the parties hereby ratify and confirm each and every provision thereof. 

 4. This First Amendment contains the entire agreement between the parties with respect to the
subject matter herein contained and all preliminary negotiations with respect to the subject matter herein contained are merged into and incorporated in this First Amendment and all prior documents and correspondence between the parties with respect
to the subject matter herein contained are superseded and of no force or effect, other than the Lease. 
 5. This First Amendment shall be
binding upon and inure to the benefit of Landlord and Tenant and their respective successors and permitted assigns under the Lease. 
 6.
The parties acknowledge and agree that no broker is entitled to any commission as a result of this First Amendment. 
 7. This First
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

8. Landlord and Tenant acknowledge and agree that LCSI Holding, Inc., a Delaware corporation, as guarantor of the Lease, has received notice
of, and has consented to, the terms and provisions of this First Amendment in the form attached hereto and made a part hereof as Exhibit A. 

[Signature page follows] 

  
 2 

 IN WITNESS WHEREOF, the parties have executed this First Amendment as of the Effective Date. 

 

			
	LANDLORD:
	
	OPUS NORTHWEST, L.L.C.
		
	By:	 	 /s/ Tom Shaver

		
	Name:	 	 Thomas G. Shaver

		
	Its:	 	 Vice President

Real Estate Development

	
	TENANT:
	
	TPI IOWA, LLC
		
	By:	 	 /s/ Wayne G Monie

		
	Name:	 	 Wayne G. Monie

		
	Its:	 	 COO

 EXHIBIT A 

GUARANTOR CONSENT TO 

FIRST AMENDMENT TO NET LEASE AGREEMENT 

(Build-to-Suit) 
 The
undersigned covenants and agrees that its obligations pursuant to that certain Guaranty of Lease dated as of November 13, 2007, as to the terms and provisions of that certain Net Lease Agreement (Build-to-Suit) dated as of November 13,
2007, by and between Opus Northwest, L.L.C., a Delaware limited liability company (“Landlord”) and TPI Iowa, LLC, a Delaware limited liability company (“Tenant”), shall remain in Ml force and effect, notwithstanding that certain
First Amendment to Net Lease Agreement (Build-to-Suit) dated as of July 26, 2008, by and between Landlord and Tenant, receipt of which is hereby acknowledged by the undersigned. 

 

			
	GUARANTOR:
	
	 LCSI HOLDING, INC.,
 a Delaware
corporation

		
	By:	 	 /s/ Wayne G Monie

		
	Its:	 	 COO

  
 A-1 

 SCHEDULE 1 

Tenant’s Removable Property 
  

			
	 ITEM
	  	 RESTORATION OBLIGATIONS

		
	Production Area HVAC Units	  	- Installation of suitable supplemental heating system in production area
		  	- Patch holes in roof and perform other necessary roof repairs
		  	- Removal of ductwork and electrical feeds to removed units
		
	Crane Steel	  	- Repair slab if damaged
		
	Electric Generator and Emergency Switch Gear	  	- Termination of all wiring
		  	- Re-wire fire pump to comply with all applicable legal requirements
		  	- Installation of battery-powered emergency lighting throughout
		  	- Re-wiring of other building components on back-up power (lighting, etc.)

  
 Schedule 1 Page 1 

 EXHIBIT C 

Description of the Final Plans and Specifications 

Project Specifications prepared by Opus Northwest Construction, Sections 1-15 dated 01-18-08. 

Project Specifications prepared by Opus Northwest Construction, Section 16 dated 01-25-08. 

“Fire Protection Requirements as a Result of Hazardous Materials” Memorandum prepared by Summit Fire Consulting dated January 25, 2008. 

Exhibit “C-1” – Scope Clarifications to the Final Plans and Specifications dated 05-27-08. 

Exhibit “C-2” - TPI Composites Equipment Schedule dated 02-12-08. 

Architectural Plans prepared by Opus Architects & Engineers: 
  

					
	 SHEET NUMBER
	  	 DESCRIPTION
	  	 DATE

	 T1
	  	TITLE SHEET	  	4/14/08
	 A0.1
	  	LIFE SAFETY PLAN	  	4/14/08
	 A1.1
	  	ARCHITECTURAL SITE PLAN	  	4/14/08
	 A1.2
	  	ARCHITECTURAL SITE DETAILS	  	4/14/08
	 A2.1
	  	PARTIAL FLOOR PLAN AREA “A”	  	4/14/08
	 A2.2
	  	PARTIAL FLOOR PLAN AREA “B”	  	4/14/08
	 A2.3
	  	PARTIAL FLOOR PLAN AREA “C”	  	4/14/08
	 A2.4
	  	PARTIAL ROOF PLAN AREA “A”	  	4/14/08
	 A2.5
	  	PARTIAL ROOF PLAN AREA “B”	  	4/14/08
	 A2.6
	  	PARTIAL ROOF PLAN AREA “C”	  	4/14/08
	 A2.7
	  	ENLARGED FLOOR PLANS	  	4/14/08
	 A2.8
	  	ENLARGED FLOOR PLANS	  	4/14/08
	 A3.1
	  	EXTERIOR ELEVATIONS	  	4/14/08
	 A3.2
	  	EXTERIOR ELEVATIONS	  	4/14/08
	 A4.1
	  	BUILDING WALL SECTIONS	  	4/14/08
	 A4.2
	  	BUILDING WALL SECTIONS	  	4/14/08
	 A5.1
	  	CONSTRUCTION PLAN DETAILS	  	4/14/08
	 A5.2
	  	CONSTRUCTION SECTION DETAILS	  	4/14/08
	 A6.1
	  	PARTITION SCHEDULE AND WALL TYPES	  	4/14/08
	 A6.2
	  	DOOR SCHEDULE, DOOR FRAME AND WINDOW TYPES	  	4/14/08
	 A7.1
	  	INTERIOR ELEVATIONS	  	4/14/08
	 A8.1
	  	ENLARGED INTERIOR FINISH PLANS	  	4/14/08
	 A8.2
	  	ENLARGED INTERIOR FINISH PLANS	  	4/14/08
	 A9.1
	  	REFLECTED CEILING PLANS	  	4/14/08
	 U1.1
	  	UTILITY PLAN – FOR REFERENCE ONLY	  	4/14/08

  
 C-1 

 Architectural Field Bulletin No. AB2-1 prepared by Opus Architects & Engineers dated April 18,
2008. 
 Architectural Field Bulletin No. AB2-2 prepared by Opus Architects & Engineers dated May 1, 2008. 

Architectural Field Bulletin No. AB2-3 prepared by Opus Architects & Engineers dated May 19, 2008. 

Structural Plans prepared by Opus Architects & Engineers: 
  

					
	 SHEET NUMBER
	  	 DESCRIPTION
	  	 DATE

	 S1.1
	  	TITLE SHEET	  	4/14/08
	 S1.2
	  	STATEMENT OF SPECIAL INSPECTIONS	  	4/14/08
	 S2.2
	  	FOUNDATION AND FLOOR PLAN – AREA B	  	4/14/08
	 S2.3
	  	FOUNDATION AND FLOOR PLAN – AREA C	  	4/14/08
	 S3.1
	  	CRANE FRAMING PLAN – AREA A	  	4/14/08
	 S3.2
	  	CRANE FRAMING PLAN – AREA B	  	4/14/08
	 S3.3
	  	CRANE FRAMING PLAN – AREA C	  	4/14/08
	 S4.1
	  	ROOF FRAMING PLAN – AREA A	  	4/14/08
	 S4.2
	  	ROOF FRAMING PLAN – AREA B	  	4/14/08
	 S4.3
	  	ROOF FRAMING PLAN – AREA C	  	4/14/08
	 S5
	  	TRUSS 1 ELEV., SECTIONS AND DETAILS	  	4/14/08
	 S6
	  	SECTIONS AND DETAILS	  	4/14/08
	 S7
	  	SECTIONS AND DETAILS	  	4/14/08
	 S8
	  	SECTIONS AND DETAILS	  	4/14/08

 Civil Plans prepared by Lee Engineers and Surveyors: 

 

					
	 SHEET NUMBER
	  	 DESCRIPTION
	  	 DATE

	 C-1
	  	TITLE SHEET	  	03/03/08
	 C-2
	  	TYPICAL DETAILS	  	03/03/08
	 C-3
	  	TYPICAL DETAILS	  	03/03/08
	 C-4
	  	OVERALL SITE LAYOUT	  	04/10/08
	 C-5
	  	WEST SIDE SITE PLAN	  	05/16/08
	 C-6
	  	CENTRAL SITE PLAN	  	05/16/08
	 C-7
	  	EAST SIDE SITE PLAN	  	05/16/08
	 C-8
	  	WEST SIDE GRADING PLAN	  	05/16/08
	 C-9
	  	CENTRAL GRADING PLAN	  	05/16/08
	 C-10
	  	EAST SIDE GRADING PLAN	  	05/16/08
	 C-11
	  	LANDSCAPE PLAN	  	03/03/08
	 G-1
	  	GRADING WASTE SITE	  	03/03/08

  
 C-2 

 Electrical Plans prepared by Bloomington Electric: 

 

					
	 SHEET NUMBER
	  	 DESCRIPTION
	  	 DATE

	 E1.1
	  	LIGHTING AREA ‘A’	  	04/28/08
	 E1.2
	  	LIGHTING AREA ‘B’	  	05/03/08
	 E1.3
	  	LIGHTING AREA ‘C’	  	04/28/08
	 E1.7
	  	ENLARGED OFFICE & BREAK	  	05/03/08
	 E2.1
	  	POWER AREA ‘A’	  	04/28/08
	 E2.2
	  	POWER AREA ‘B’	  	05/03/08
	 E2.3
	  	POWER AREA ‘C’	  	04/28/08
	 E2.7
	  	ENLARGED POWER OFFICE & BREAK	  	05/03/08
	 E2.8
	  	MECHANICAL & OWNER EQUIPMENT SCHEDULES	  	05/03/08
	 E2.9
	  	RISER DIAGRAM & GROUNDING DETAIL	  	05/03/08
	 E2.10
	  	PANELBOARD SCHEDULES	  	05/03/08
	 E2.11
	  	PANELBOARD SCHEDULES	  	05/03/08

  
 C-3 

 Exhibit “C-1” 

Scope Clarifications to the 

Final Plans and Specifications 
  

	 	1.	Landlord shall provide a 24” thick layer of limestone screenings under the building slab in lieu of a lime treated subgrade and a 5” rock cushion. 

 

	 	2.	Soil correction shall be performed using Geopiers in lieu of over-excavation and rock fill. 

  

	 	3.	Imported sand to prevent the possibility of popouts in the concrete slab on grade shall not be provided. 

  

	 	4.	Joints in the concrete slab on grade shall not be filled/caulked. 

  

	 	5.	Exterior window frames and aluminum doors shall be clear anodized frames with gray glass. 

  

	 	6.	Interior office walls only shall be painted in accordance with the finish schedule on the Final Plans. All other walls and exposed roof structure shall be left unfinished. 

 

	 	7.	A total of eight (8) 40,000 lb capacity, 6’x 8’ hydraulic dock levelers, Rite-Hite VBR300 hydraulic dock locks, dock seals, and dock lights shall be provided. 

 

	 	8.	Compressed air piping and equipment shall be provided by Tenant. 

  

	 	9.	Vacuum system piping and equipment shall be provided by Tenant. 

  

	 	10.	In lieu of summertime ventilation exhaust, Landlord shall provide a total of sixteen (16) 25-ton rooftop mounted air conditioning units in the production area. Rooftop units shall supply 30,000 cfm of make-up air
that will be exhausted by Tenant’s manufacturing equipment. 

  

	 	11.	Tenant shall enter into a water purchase agreement with the Central Iowa Water Association to provide for construction of an offsite water tower (and/or booster pump) sized sufficiently to satisfy the building’s
fire protection system flow requirements of 1,800 gpm for a one hour sustained fire flow at a residual pressure of at least 50 psi. 

  

	 	12.	A 500 KW diesel powered electrical generator shall be provided for emergency life safety and stand-by power requirements. Tenant shall obtain the required air quality permit. 

Exclusions 
  

	 	1.	Fixtures, furnishings, and equipment. 

  

	 	2.	Final connections to Tenant supplied equipment. 

  

	 	3.	Onsite storage of fire protection water. 

  

	 	4.	Insurance underwriter requirements in excess of code requirements. 

  

	 	5.	Any work related to the outdoor storage tanks including fire alarm system, detection, containment, or notification systems. 

  

	 	6.	Precast cutting, louvers, roof openings, or mechanical equipment for owner supplied equipment. 

  

	 	7.	Hose cabinets for fire protection system. 

  

	 	8.	Extended 4 year compressor warranty on HVAC equipment. 

  

	 	9.	Security or telephone systems or wiring. 

  
 C-1-1 

	 	10.	Engineered mechanical systems for summer cooling design conditions or forklift exhaust provisions. 

  

	 	11.	Gas piping for Tenant provided equipment. 

 END OF EXHIBIT “C-1” 

  
 C-1-2 

 Exhibit “C-2” 

TPI Composites Equipment Schedule 
  

																	
	 TPI Composites - Equipment
Schedule

	 Equipment Description
	  	 Grid Location
(See Plan)
	  	 480V 3ph FLA
	 	  	 120V

1ph

FLA
	  	 Comp
Air:
cfm at
100psi
	 	  	 Vacuum:

cfm
	  	 Nat.

Gas:

ccft/hr

	 -150 HP Compressors (& Drier Unit)
	  	26A to 29B	  	 	180	  	  		  				  		  	
	 -150 HP Compressors (& Drier Unit)
	  	26A to 29B	  	 	180	  	  		  				  		  	
	 -150 HP Compressors (& Drier Unit)
	  	26A to 29B	  	 	180	  	  		  				  		  	
	 4-Crane Railway System - 8 T Cranes
	  	24B.1	  	 	160	  	  		  				  		  	
	 4-Crane Railway System - 8 T Cranes
	  	24C.9	  	 	160	  	  		  				  		  	
	 15” Vacuum Pump -
	  	26A to 29B	  	 	27	  	  		  				  		  	
	 15” Vacuum Pump -
	  	26A to 29B	  	 	27	  	  		  				  		  	
	 30” Vacuum Pump -
	  	26A to 29B	  	 	27	  	  		  				  		  	
	 30” Vacuum Pump -
	  	26A to 29B	  	 	27	  	  		  				  		  	
	 Bandsaw w/ Laser Slide
	  	23.5D.5	  	 	3	  	  		  	 	5	  	  		  	
	 BA Comp
	  	40B.2	  	 	3	  	  		  	 	38	  	  		  	
	 BA Comp
	  	40B.5	  	 	3	  	  		  	 	38	  	  		  	
	 Cranes 1 Ton
	  	48.5C.3	  	 	2.6	  	  		  				  		  	
	 FT DC
	  	38A.4	  	 	29	  	  		  	 	2	  	  		  	
	 FT DC
	  	38A.8	  	 	29	  	  		  	 	2	  	  		  	
	 SP DC
	  	33A.4	  	 	17	  	  		  	 	60	  	  		  	
	 SP DC
	  	33A.8	  	 	17	  	  		  	 	60	  	  		  	
	 TBD Dust
	  	8A.9	  	 	17	  	  		  	 	22	  	  		  	
	 TBD Dust
	  	16A.8	  	 	17	  	  		  	 	22	  	  		  	
	 Post Process FT
	  	35B5	  	 	85	  	  		  	 	60	  	  		  	
	 Post Process FT
	  	35B7	  	 	85	  	  		  	 	60	  	  		  	
	 Post Process SP
	  	29B.2	  	 	85	  	  		  	 	2	  	  		  	
	 Post Process SP
	  	29B.3	  	 	85	  	  		  	 	2	  	  		  	
	 EMC
	  	46C.2	  	 	12	  	  		  	 	20	  	  		  	
	 EMC
	  	47C.5	  	 	12	  	  		  	 	20	  	  		  	
	 Gelcoat Spray Equipment
	  	36B.2	  	 	1	  	  		  	 	60	  	  		  	
	 General Shop Air Use
	  		  				  		  	 	150	  	  		  	
	 Infra red patch cure heaters
	  	24B.2	  	 	2	  	  		  				  		  	
	 Infra red patch cure heaters
	  	24B.3	  	 	2	  	  		  				  		  	
	 Infra red patch cure heaters
	  	24B.4	  	 	2	  	  		  				  		  	

  
 C-2-1 

																							
	 Lab Equipment
	  	29D.2	  	 	2	  	  				  	 	10	  	  				  			
	 Maintenance Equip: mill
	  	20D.7	  	 	1	  	  				  	 	2	  	  				  			
	 Maintenance Equip: chop saw
	  	20D.1	  				  				  	 	2	  	  				  			
	 Maintenance Equip: band saw
	  	21D.1	  	 	1	  	  				  	 	2	  	  				  			
	 Maintenance Equip: welder
	  	21D.5	  	 	1	  	  				  	 	2	  	  				  			
	 Mold Set #1
	  	38.5C.3	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #2
	  	38.5C.7	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #3
	  	31.5C.3	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #4
	  	31.5C.7	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #5
	  	19C.3	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #6
	  	19C.7	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #7
	  	11C.3	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #8
	  	11C.7	  	 	236	  	  				  				  	 	50	  	  			
	 Mold Set #1A - Standby Power
	  	38.5C.3	  	 	100	  	  				  				  				  			
	 Mold Set #2A - Standby Power
	  	38.5C.7	  	 	100	  	  				  				  				  			
	 Mold Set #3A - Standby Power
	  	31.5C.3	  	 	100	  	  				  				  				  			
	 Mold Set #4A - Standby Power
	  	31.5C.7	  	 	100	  	  				  				  				  			
	 Mold Set #5A - Standby Power
	  	19C.3	  	 	100	  	  				  				  				  			
	 Mold Set #6A - Standby Power
	  	19C.7	  	 	100	  	  				  				  				  			
	 Mold Set #7A - Standby Power
	  	11C.3	  	 	100	  	  				  				  				  			
	 Mold Set #8A - Standby Power
	  	11C.7	  	 	100	  	  				  				  				  			
	 Outside Resin Tank 1
	  	21E.1 to 22E.2	  	 	10	  	  				  				  				  			
	 Outside Resin Tank 2
	  	21E.1 to 22E.2	  	 	10	  	  				  				  				  			
	 Outside Resin Tank 3
	  	21E.1 to 22E.2	  	 	10	  	  				  				  				  			
	 Outside Resin Tank 4
	  	21E.1 to 22E.2	  	 	10	  	  				  				  				  			
	 Outside Resin Tank 5
	  	21E.1 to 22E.2	  	 	10	  	  				  				  				  			
	 SF Cure / Cool
	  	39A.2	  	 	116	  	  	 	155	  	  				  				  			
	 SF Cure / Cool
	  	39A.8	  	 	116	  	  	 	155	  	  				  				  			
	 Post Process SF Enclousure
	  	37B.2	  	 	133	  	  	 	81	  	  	 	30	  	  				  	 	20	  
	 Post Process SF Enclousure
	  	37B.4	  	 	133	  	  	 	81	  	  	 	30	  	  				  	 	20	  
	 SF A Filter
	  	41A.2	  	 	137	  	  				  				  				  			
	 SF A Filter
	  	41A.3	  	 	137	  	  				  				  				  			
	 SF Paint Equip
	  	36B.1	  	 	1	  	  	 	30	  	  	 	50	  	  				  			
	 PCO
	  	6B.5	  	 	102	  	  	 	42.5	  	  				  				  	 	40	  
	 PCO
	  	6B.7	  	 	102	  	  	 	42.5	  	  				  				  	 	40	  
	 PCO
	  	6B.9	  	 	102	  	  	 	42.5	  	  				  				  	 	40	  
	 Refrigerated Air Dryer
	  	26A to 29B	  	 	8	  	  				  				  				  			
	 Refrigerated Air Dryer
	  	26A to 29B	  	 	8	  	  				  				  				  			
	 Refrigerated Air Dryer
	  	26A to 29B	  	 	8	  	  				  				  				  			
	 Resin Cure Test Equipment
	  	29D.5	  	 	1	  	  				  				  				  	 	3	  
	 Resin Mixing Equipment
	  	27.5D.5	  	 	33	  	  				  	 	75	  	  				  			

  
 C-2-2 

																							
	 SC Mold Heat
	  	3C.6	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	3C.7	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	3C.8	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	3C.9	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	23C.6	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	23C.7	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	23C.8	  	 	10	  	  				  				  				  			
	 SC Mold Heat
	  	23C.9	  	 	10	  	  				  				  				  			
	 TBD
	  	8B.2	  	 	47	  	  				  	 	5	  	  				  			
	 TBD
	  	16B.2	  	 	47	  	  				  	 	5	  	  				  			
	 Weight Balance System
	  	44.5B.1	  	 	1	  	  				  				  				  			
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
						
	 TOTALS:
	  	 	5531.6	  	  	 	629.5	  	  	 	835	  	  	 	400	  	  	 	163	  
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	 	480V 3ph FLA	  	  	 
  

 
	120V
 1ph

FLA
	 
   

  
	  	 
  

 
	Comp
 Air:

cfm
	  
   

  
	  	 
  
	Vacuum:
 cfm
	  
   
	  	 
  

 
	Nat.
 Gas:

ccft/hr
	  
   

  

 END OF EXHIBIT “C-2” 

  
 C-2-3 

 SECOND AMENDMENT TO LEASE 

This Second Amendment to Lease (this “Second Amendment”) is entered into as of this 11th day of MAY, 2010 by and between BLUE DOG LLC, a Maryland limited liability company (‘‘Landlord”) and TPI IOWA, LLC, a Delaware limited liability company
(“Tenant”). 
 W I T N E S S E T H: 

WHEREAS, Opus Northwest, L.L.C. (“Original Landlord”) and Tenant entered into that certain Net Lease Agreement dated
November 13, 2007, as amended by that certain First Amendment to Net Lease Agreement dated July 26, 2008 (collectively, the “Lease”) for certain premises in the building (the “Building”) located at 2300
North 33rd Avenue East, Newton, Iowa; and 
 WHEREAS, Landlord has succeeded to the
interest of Original Landlord under the Lease; and 
 WHEREAS, Landlord and Tenant wish to amend the Lease, subject to and upon the terms
and conditions hereinafter provided; and 
 WHEREAS, for the benefit Original Landlord and its successors and assigns LCSI Holding, Inc.
(“Guarantor”) executed and delivered that certain Guaranty of Lease dated November 13, 2007 (the “Guarantee”) guaranteeing the payment and performance of Tenant’s obligations under the Lease, and
Guarantor, as an inducement to Landlord to perform Landlord’s Work (as hereinafter defined), agreed to join in this Second Amendment for the purpose of confirming the continuation of the Guarantee. 

NOW, THEREFORE, in consideration of the foregoing and for other consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord and Tenant agree that the Lease is hereby amended as follows: 
 1. Capitalized terms used and not otherwise defined herein shall
have the meanings ascribed to such terms in the Lease. 
 2. Landlord and Tenant acknowledge that at Tenant’s request Landlord has
substantially completed the installation of sixteen (16) two inch cast iron roof drains in front of each downspout location on the roof of the Building (“Landlord’s Work”) at a cost to Landlord of $100,000.00. 

3. In consideration of the performance of Landlord’s Work, effective retroactively from January 1, 2010 and continuing through
July 31, 2018, Basic Rent shall be increased and shall be payable as provided in the following schedule: 
  

									
	Period	  	 Basic Rent

(per annum)
	 	  	Monthly Installment	 
			
	 January 1, 2010 – July 24, 2010
	  	$	1,305,294.00	  	  	$	108,774.50	  
	 July 25, 2010 – July 24, 2011
	  	$	1,324,614.60	  	  	$	110,384.55	  

									
	 July 25, 2011 – July 24, 2012
	  	$	1,344,224.88	  	  	$	112,018.74	  
	 July 25, 2012 – July 24, 2013
	  	$	1,364,129.40	  	  	$	113,677.45	  
	 July 25, 2013 – July 24, 2014
	  	$	1,384,332.36	  	  	$	115,361.03	  
	 July 25, 2014 – July 24, 2015
	  	$	1,404,838.56	  	  	$	117,069.88	  
	 July 25, 2015 – July 24, 2016
	  	$	1,425,652.20	  	  	$	118,804.35	  
	 July 25, 2016 – July 24, 2017
	  	$	1,446,778.08	  	  	$	120,564.84	  
	 July 25, 2017 – July 31, 2018
	  	$	1,468,220.88	  	  	$	122,351.74	  

 3. As amended hereby, the Lease is hereby ratified and confirmed. 

IN WITNESS WHEREOF, the parties hereunto have executed this Second Amendment as of the date first written above. 

 

					
	LANDLORD:
	
	BLUE DOG LLC
		
	By:	 	 /s/ David M. Lepore

		 	David M. Lepore
		 	Senior Vice President
	
	TENANT:
	
	TPI IOWA, LLC
		
	By:	 	 /s/ Wayne G Monie

		 	Name:	 	Wayne G Monie
		 	Title:	 	COO

 Joinder 

Reference is made to the Guarantee of Tenant’s obligations under the Lease dated November 13, 2007, as amended, given by Guarantor
to Original Landlord, its successors and assigns. Guarantor confirms that (i) Landlord has succeeded to the interest and rights of Original Landlord under such Guarantee, (ii) all references in such Guarantee to the word “Lease”
shall mean the Lease, as defined therein, as amended through the Second Amendment, (iii) Guarantor is in receipt of a correct and complete copy of the Lease as amended through the Second Amendment, (iv) Guarantor will receive material
value and benefits from the Lease as amended through the Second Amendment, and (v) the Guarantee, as amended hereby, is in full force and effect and Guarantor hereby ratifies and affirms the Guarantee. 

IN WITNESS WHEREOF, the undersigned has/have executed this joinder as of the date first written above. 

 

					
	GUARANTOR:
	
	LCSI HOLDING, INC.
		
	By:	 	 /s/ Wayne G Monie

		 	Name:	 	Wayne G. Monie
		 	Title:	 	COO
		 	Duly authorized

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