Document:

AEIS Exhibit 10.43 2012

2012 – 2014 LONG-TERM INCENTIVE (LTI) PLAN

PURPOSE OF THE PLAN

The purpose of the 2012-2014 Long-Term Incentive Plan (the “Plan”) is to drive shareholder value by providing incentives for Selected Participants (defined below) to deliver increasing Return on Net Assets for Advanced Energy Industries, Inc. and its consolidated subsidiaries.

EFFECTIVE DATE

The Plan covers a three-year performance period from January 1, 2012 to December 31, 2014 (the “Plan Term”) and supersedes the Company’s Leadership Corporate Incentive Plan and Employee Corporate Incentive Plan. During the Plan Term, Selected Participants will not be entitled to stock options, restricted stock units or other equity awards under the 2008 Plan (defined below), except for awards granted pursuant to this Plan.

DEFINITIONS

For the purposes of this document only, the following definitions will apply:

“Award” or “award” shall mean an award consisting of Performance Share Units (PSUs) pursuant to the Plan.

“Board of Directors” shall mean the Board of Directors of the Company.

“Committee” shall mean the Compensation Committee of the Board of Directors. Grants and Awards are approved by the Committee.

“Company” shall mean Advanced Energy Industries, Inc, a Delaware Corporation, and its consolidated subsidiaries.

“Fiscal Year” shall mean the 12-month period ending on December 31 of each year of the Plan Term.

“Grant” or “grant” shall mean a grant of Performance Stock Options (PSOs) pursuant to the Plan.

“Organizational Unit” shall mean one of the business units of the Company. The current Organizational Units of the Company are the Solar Energy Business Unit, the Thin Film Business Unit and Corporate.

“Performance Share Unit (PSU) Award” or “PSU” shall mean a performance based restricted stock unit (RSU) award under the 2008 Plan as evidenced by an award agreement that represents a commitment to provide the Selected Participant a specific number of Company shares on a future date contingent upon meeting or exceeding the performance metrics defined herein. As set forth below, 

the delivery of Company shares may be satisfied in whole or in part with cash as determined by the Committee.

“Performance Stock Option (PSO) Grant” or “PSO” shall mean a grant of a performance stock option under the 2008 Plan that allows the Selected Participant to purchase a specific number of shares at a pre-determined price on a future date contingent upon meeting or exceeding the performance metrics defined herein.

“RONA” shall mean the Company’s net working capital (current assets less current liabilities) plus net fixed assets divided by net income. The final calculation of RONA is subject to one-time adjustments/exclusions as agreed upon annually by the management and the Committee.

“Selected Participant” shall mean regular, full-time employees of the Company (typically assigned to tiers levels 2 and 3) who are selected by the Committee to participate in the Plan.

“2008 Plan” shall mean the 2008 Omnibus Incentive Plan, as amended.

ELIGIBILITY

Participation is limited to Selected Participants who are not covered by any other long-term incentive plan and are therefore eligible to participate in the Plan.

Notwithstanding anything in the Plan to the contrary, and unless otherwise determined by the Committee, an individual shall not be eligible to participate in the Plan if such individual (a) performs services for the Company and is classified or paid as an independent contractor by the Company or (b) performs services for the Company pursuant to an agreement between the Company and any other person or entity including an employee leasing organization.

To be eligible for the Plan, a Selected Participant must be actively employed by the Company in the eligible role as of January 1, 2012, and must continue to be employed and provide the services required of their position through the applicable Grant and vesting dates for PSOs and award dates for PSUs and grant/vesting of stock thereunder. Participants who become eligible to participate in the Plan after the beginning of the Plan Term (promoted, hired, rehired or converted from a non- employee status) may be eligible for a Grant on a prorated basis. See the “New Hires / Late Entrants” section below for additional details. Participants whose tier level changes during the Plan Term (due to promotion or demotion) may be eligible, on a prorated basis, for additional Grants and Awards (in the case of promotion) or modified vesting (in case of demotions). See the “Promotions / Demotions” section below for additional details.

A Selected Participant whose employment is terminated, either voluntarily or involuntarily (regardless of cause) prior to an applicable Grant/Award date will not earn or be eligible to receive a Grant/Award.

Failure to comply with the Company’s policies and internal controls, including but not limited to audit and control issues, may result in a loss of eligibility and potentially termination of employment. 

MEASURES OF PERFORMANCE

For the Plan Term, the annual performance metrics for threshold, target and stretch RONA for fiscal years 2012, 2013 and 2014 have been set by the Compensation Committee and the Board of Directors.   These targets assume positive operating income for each of the applicable fiscal years.

Once established, performance metrics normally shall not be changed during the Plan Term. However, if the Committee determines that external changes or unanticipated business conditions have materially affected the fairness of the performance metrics, then one or more of the performance metrics may be modified on a prospective basis during the Fiscal Year at the sole discretion of the Committee.

GRANT CALCULATION

The number of the PSOs and PSU granted and awarded to each Selected Participant will be based on a target annual value to be delivered to such Selected Participant based on the Selected Participant’s employment tier.  The target annual value for each level is as follows:

	
		
	 
	Target Annual Value

	Tier 2
	$525,000

	Tier 3
	$225,000

The aggregate of PSOs that would be Granted and PSUs that would be Awarded would be based on the target annual value for each tier level defined above and the closing stock price on the first open market trading day of the Plan Term (January 3, 2012). The Plan shall utilize PSUs and PSOs in a targeted ratio of 70% PSUs and 30% PSOs.

The Plan shall establish the value of a PSO utilizing the Black Scholes valuation methodology. Based on the volatility, risk free rate and expected term analysis, the value of a PSO shall be established at approximately 56% of the face value of the underlying stock at the closing stock price on the first open market trading day of the Plan Term (January 3, 2012).

The Plan shall establish the value of a PSU utilizing the closing stock price on the first open market trading day of the Plan Term (January 3, 2012). Because a PSU represents a full-value share upon delivery and therefore inherently has lower risk in terms of delivering the targeted value, the Plan shall adjust for this lowered risk by utilizing a step down factor of 2.0 when calculating the number of shares to be granted.

Sample Grant Calculations:

Example (based on a Tier 2) target annual value of $525,000 and a stock closing price of $11.02 per share on January 3, 2012 for a Selected Participant eligible for the full 3-year Plan Term):

		
	1.
	Establish the Black Scholes value for options by multiplying the stock closing price by 56.14246% ($11.02 * .5614246 = $6.1869 per share)

		
	2.
	Determine the number of PSOs if the Plan granted 100% PSOs by dividing the target annual value by the Black Scholes value for options ($525,000 / $6.1869 = 84,857 PSOs)

		
	3.
	Calculate the annual number of PSOs based on the targeted ratio of 30% PSOs by multiplying the total number of options from step #2 above by 30% (84,857 * .30 = 25,457 PSOs). This is the number of PSOs to be delivered each year at target performance.

		
	a.
	Note: To calculate the total number of PSOs to be granted on January 3, 2012, multiply the annual number of PSOs by 200% to establish the annual stretch target and then by 3 to account for each year of the 3-year plan term (25,457 * 200% * 3 = 152,742 PSOs)

		
	4.
	Calculate the annual number of PSUs based on the targeted ratio of 70% PSUs by multiplying the total number of options from step #2 above by 70% and then applying the step down factor of 2.0 (84,857 * .70 = 59,400 / 2 = 29,700 PSUs). This is the annual number of PSUs to be awarded for each year at target performance.

		
	a.
	Note: Although the annual number of PSUs will be established at the beginning of the Plan term under the award, the underlying performance shares will not be granted at the beginning of the Plan Term. See the “Timing of Grants” and “Vesting Schedule” sections for additional information.

    	
				
	2012 Share Valuation:
	 

	2012 Full Share Value (for PSUs):
	$
	11.0200
	

	2012 Black Scholes Value (for PSOs):
	$
	6.1869
	

    	
			
	 
	PSUs (%)
	PSOs (%)

	Target Mix
	70%
	30%

                    	
				
	2012 Total Targeted Value:
	 

	BU President & EVP
	$
	525,000.00
	

	Vice President
	$
	225,000.00
	

                  	
			
	 
	PSUs (At Target)
	PSOs (At Target)

	BU President & EVP
	29,700
	25,457

	Vice President
	12,729
	10,910

TIMING OF GRANTS

The Committee shall grant under this Plan the full three (3) year stretch amount (200% of target) of PSOs to the Selected Participants on the first open market trading day of the Plan Term (January 3, 2012) whereby the annual portion would vest in a particular year based on satisfying the applicable performance metrics for that year. See “Vesting Schedule” section below for additional details.

While the PSU Award is issued as of the first open market trading day of the Plan Term (January 3, 2012), only after confirming the applicable performance metric has been met for any given Fiscal Year, will the Plan grant and vest shares underlying the PSU awards or settle by the delivery of cash (or a combination thereof as determined by the Committee). If settled in whole or part in cash, the amount of cash would be equal to the closing market value of shares on such settlement date or such other date as determined by the Committee.  See “Vesting Schedule” section below for additional details.

VESTING SCHEDULE

As soon as practicable following the end of each Fiscal Year, the Company and the Committee will evaluate actual business results against the established performance metric for the applicable Fiscal Year in order to determine the percentage of the PSO Grant that is eligible to vest and the percentage of the underlying shares related to the performance units to be granted and vested.

The percentage of shares that are vested under the Plan may vary above or below the target level based on achievement of RONA returns. If the Company achieves positive Operating Income for the applicable Fiscal Year, the number of PSOs and PSUs that vest shall range from 50% up to 200% of the annual target value.

	
		
	Actual Fiscal Year RONA Performance
	Percentage of Target Shares Vesting*

	Performance At or Below Threshold
	50%

	Performance Equal to Target
	100%

	Performance At or Above Stretch Target
	200%

*Assumes positive Operating Income for the applicable Fiscal Year

Vesting percentages between the threshold and target and between target and stretch levels will be interpolated based on actual RONA results to calculate the final vesting percentage.

NEW HIRES / LATE ENTRANTS

Participants who become eligible to participate in the Plan after the beginning of the Plan Term (promoted, hired, rehired or converted from a non-employee status) will be eligible for a Grant/Award on a prorated basis. Late entrants into the Plan are subject to approval by the Committee. The actual number of PSOs to be granted and PSUs to be awarded will be prorated based on the calendar date the Selected Participant became eligible to participate during the Plan Term (“Eligibility Date”). The date the Committee approves a Selected Participant’s eligibility is considered their “Eligibility Date” for purposes of determining the timing and number of PSOs and PSUs.

	
				
	Eligibility Date
	Percentage of PSOs to be granted and PSUs to be awarded

	2012 Fiscal Year
	2013 Fiscal Year
	2014 Fiscal Year

	January 1, 2012
	100%
	100%
	100%

	April 1, 2012
	75%
	100%
	100%

	July 1, 2012
	50%
	100%
	100%

	October 1, 2012
	25%
	100%
	100%

	 
	 
	 
	 

	January 1, 2013
	0%
	100%
	100%

	April 1, 2013
	0%
	75%
	100%

	July 1, 2013
	0%
	50%
	100%

	October 1, 2013
	0%
	25%
	100%

	 
	 
	 
	 

	January 1, 2014
	0%
	0%
	100%

	April 1, 2014
	0%
	0%
	75%

	July 1, 2014
	0%
	0%
	50%

	October 1, 2014
	0%
	0%
	25%

Final eligibility percentages will be interpolated based on actual “Eligibility Date” to calculate the final number of PSOs to be granted and PSUs to be awarded. A Selected Participant who becomes eligible after October 1 of the applicable Fiscal Year will not be eligible for a Grant/Award with respect to that Fiscal Year.

PROMOTIONS / DEMOTIONS

The promotion of a Selected Participant shall be indicated by an approved change in tier level from one eligible level to another (for example, a promotion from Tier 3 to Tier 2). See “New Hires/Late Entrants” section for the treatment of individuals whose promotion results in new eligibility in the Plan (for example, a promotion from an ineligible level (tier 4 and below) to an eligible one).

Upon approval of the promotion by the Company and, for purposes of this Plan, confirmed by the Committee, the Selected Participant may be eligible for an additional Grant of PSOs or Award of PSUs by the Committee representing the difference in targeted value between the old and new tier levels for the remainder of the Plan Term. The number of additional PSOs and PSUs to be Granted/Awarded will be prorated based on the actual promotion date for the calendar year in which the promotion occurs.

A demotion of a Selected Participant shall be determined by the Company, and such action would result in a change in tier level from one eligible level to the level below (e.g., a demotion from Tier 2 to Tier 3). Any vesting that occurs following the demotion will be based upon the new level for the remainder of the Plan Term. The number of PSOs/PSUs available for vesting or settlement will be prorated based on the actual demotion date for the calendar year in which the demotion occurs. If the demotion occurs following the end of a Fiscal Year, but prior to the vesting or settlement of PSOs/PSUs for that Fiscal Year (e.g., a demotion effective in January or early February), the Selected Participant will be eligible for the vesting/settlement at the prior tier level for the prior Fiscal Year and prorated based on the new level for the remainder of the Plan Term.

If the demotion results in the loss of eligibility in the Plan (e.g., a demotion from Tier 2 or 3 to Tier 4 or below), the Selected Participant will not be eligible for further vesting/settlement under the Plan. All unvested PSOs granted and PSUs awarded under the Plan will be cancelled as of the demotion date in the above example.

TERMINATION OF EMPLOYMENT

A condition precedent to receiving a Grant of a PSO or Award of a PSU and the associated vesting and settlement, or prorated portion thereof, is continuous active employment, which shall include qualifying leaves of absence through the applicable vesting of PSOs and settlement of PSUs. Participants must be actively employed by the Company on the date of Grant of PSOs, Award of PSUs, vesting of PSOs and settlement of PSUs in order to receive any benefit therefrom. A Selected Participant whose employment is terminated, either voluntarily or involuntarily (regardless of cause) prior to an applicable Grant, Award, vesting or settlement date will not be eligible for any Grant, Award, or vesting or settlement. All unvested PSOs and unsettled PSUs are cancelled as of the employment termination date, except as provided below. Please note that irrespective of the terms of this Plan, if the Selected Participant is subject to a Company-issued executive change of control agreement (“CIC Agreements”), those terms may take precedence in particular situations related to certain terminations and associated vesting of PSOs and settlement of PSUs.

In addition, all vested and unvested PSOs or unsettled PSUs of a Selected Participant whose employment is terminated with cause (e.g., a violation of Company policy) shall immediately be cancelled.

2008 OMNIBUS INCENTIVE PLAN

Grants and Awards made under this Plan must be in accordance with and are subject to the terms of the 2008 Plan. Each Selected Participant is also required to sign the appropriate grant and award agreements acknowledging the detailed terms and conditions of the Grant and Award. These agreements will be made available to Selected Participants at the time of Grant or Award.

ADMINISTRATION

The Committee will be responsible for the administration of the Plan. The Committee is authorized to interpret the Plan, to prescribe, amend, and rescind rules and regulations deemed advisable, and to make all other administrative determinations necessary. Any decision of the Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned.

GENERAL

The Committee reserves the right to define Company performance metrics and to review, revise, amend, or terminate the Plan at any time without notice at its sole discretion.  Only the Committee, and has the ability to modify the Plan, and all modifications to the Plan must be in writing and approved by the Committee. Except for certain limited exceptions with respect to CIC Agreements (as discussed above), this Plan document supersedes any previous document you may have received.

The Company shall not be required to fund or otherwise segregate any cash or any other assets which may at any time be paid to Selected Participants under the Plan. The Plan shall constitute an “unfunded” plan of the Company.

In the event of any conflict between a Selected Participant’s employment agreement with the Company and this Plan, the terms of the Selected Participant’s employment agreement will control.

The provisions contained in this Plan set forth the entire understanding of the Company with respect to the Plan and supersede any and all prior communications between the Company and any employee with respect to the Plan.

In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

Any questions regarding this Plan should be directed to the Human Resources department.

TERMS AND CONDITIONS – UNITED STATES ONLY

This Plan does not constitute a guarantee of work, job status or employment for any period of time. Your employment at Advanced Energy Industries, Inc. is at will and either you or the Company may terminate the relationship at any time. This document is not intended to create a contract of employment or commitment of ongoing payment, express or implied.AEIS Exhibit 10.55 2012

[Execution]
AMENDMENT NO. 1 TO CREDIT AGREEMENT
AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated November 8, 2012 (this “Amendment No. 1”), is by and among Wells Fargo Bank, National Association, a national banking association, in its capacity as agent pursuant to the Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, “Agent”), the parties to the Credit Agreement as lenders (individually, each a “Lender” and collectively, “Lenders”), Advanced Energy Industries, Inc., a  Delaware corporation (“Parent”), AE Solar Energy, Inc., an Oregon corporation (“AE Solar”), Sekidenko, Inc., a Washington corporation (“Sekidenko” and, together with Parent, AE Solar, each individually a “Borrower” and collectively, “Borrowers”), AEI US Subsidiary, Inc., a Delaware corporation (“AEI US”), and AERA Corporation, a Texas corporation (“Aera” and, together with AEI US, each individually a “Guarantor”  and collectively “Guarantors”).
W I T N E S S E T H :
WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant to which Lenders (or Agent on behalf of Lenders) may make loans and advances and provide other financial accommodations to Borrowers as set forth in the Credit Agreement, dated as of October 12, 2012, by and among Agent, Lenders, Borrowers and Guarantors (as the same now exists and is amended and supplemented pursuant hereto and may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Credit Agreement”) and the other Loan Documents; 
WHEREAS, Borrowers and Guarantors desire to amend certain provisions of the Credit Agreement as set forth herein, and Agent and Lenders are willing to agree to such amendments on the terms and subject to the conditions set forth herein; and
WHEREAS, by this Amendment No. 1, Agent, Lenders, Borrowers and Guarantors desire and intend to evidence such amendments.
NOW THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Definitions.
(a)    Additional Definitions.  The Credit Agreement and the other Loan Documents shall be deemed and are hereby amended to include, in addition and not in limitation, the following definition:  
(i)    “Amendment No. 1” shall mean Amendment No. 1 to Credit Agreement, dated November 8, 2012, by and among Agent, Lenders, Borrowers and Guarantors, 

as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.
(b)    Interpretation.  For purposes of this Amendment No. 1, all terms used herein which are not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Credit Agreement as amended by this Amendment No. 1.
2.    Early Termination Fee.  Section 2.10(d) of the Credit Agreement is hereby amended by adding the following at the end thereof:
“Unless Agent has agreed in writing that a proposed non-consensual Acquisition may be made to the extent that such Acquisition is otherwise a Permitted Acquisition, in the event that this Agreement is terminated by Borrowers or Guarantors prior to the first anniversary of the Closing Date in connection with an offer by Borrowers for an Acquisition that is non-consensual between the parties thereto, such early termination fee shall not be owing to Agent so long as Agent has received reasonably satisfactory evidence that Borrowers intend to make, and have taken substantial actions to consummate, such offer for an Acquisition that is non-consensual.”
3.    Representations and Warranties.  Borrowers and Guarantors, jointly and severally, represent and warrant with and to Agent and Lenders as follows, which representations and warranties shall survive the execution and delivery hereof:
(a)    no Default or Event of Default exists or has occurred and is continuing as of the date of this Amendment No. 1; 
(b)    this Amendment No. 1 and each other agreement to be executed and delivered by Borrowers and Guarantors in connection herewith (collectively, together with this Amendment No. 1, the “Amendment Documents”) has been duly authorized, executed and delivered by all necessary corporate or limited liability company, as applicable, action on the part of each Borrower and Guarantor which is a party hereto and, if necessary, their respective equity holders and is in full force and effect as of the date hereof and the agreements and obligations of each of the Borrowers and Guarantors, as the case may be, contained herein and therein constitute legal, valid and binding obligations of each of the Borrowers and Guarantors, enforceable against them in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought; 
(c)    the execution, delivery and performance of each Amendment Document (i) are all within each Borrower’s and Guarantor’s corporate powers and (ii) are not in contravention of law or the terms of any Borrower’s or Guarantor’s certificate or articles of incorporation, by laws, or other organizational documentation, or any indenture, agreement or 

undertaking to which any Borrower or Guarantor is a party or by which any Borrower or Guarantor or its property are bound; and
(d)    all of the representations and warranties set forth in the Credit Agreement and the other Loan Documents, each as amended hereby, are true and correct in all material respects on and as of the date hereof, as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or warranty shall have been true and correct in all material respects as of such date.
4.    Conditions Precedent. The amendments contained herein shall only be effective upon the satisfaction of each of the following conditions precedent in a manner satisfactory to Agent:
(a)    Agent shall have received counterparts of this Amendment No. 1, duly authorized, executed and delivered by the Lenders, Borrowers and Guarantors; and
(b)    No Default or Event of Default shall exist or have occurred and be continuing, as of the date of Amendment No. 1.
5.    Effect of this Amendment.  Except as expressly set forth herein, no other amendments, changes or modifications to the Loan Documents are intended or implied, and in all other respects the Loan Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof and Borrowers and Guarantors shall not be entitled to any other or further amendment by virtue of the provisions of this Amendment No. 1 or with respect to the subject matter of this Amendment No. 1.  To the extent of conflict between the terms of this Amendment No. 1and the other Loan Documents, the terms of this Amendment No. 1 shall control.  The Credit Agreement and this Amendment No. 1 shall be read and construed as one agreement.
6.    Governing Law.  The validity, interpretation and enforcement of this Amendment No. 1 and any dispute arising out of the relationship between the parties hereto whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York.
7.    Binding Effect.  This Amendment No. 1 shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.
8.    Entire Agreement.  This Amendment No. 1 represents the entire agreement and understanding concerning the subject matter hereof among the parties hereto, and supersedes all other prior agreements, understandings, negotiations and discussions, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or written.
9.    Headings.  The headings listed herein are for convenience only and do not constitute matters to be construed in interpreting this Amendment No. 1.

10.    Counterparts.  This Amendment No. 1 may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of this Amendment No. 1 by telefacsimile or other electronic method of transmission shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 1.  Any party delivering an executed counterpart of this Amendment No. 1 by telefacsimile or other electronic method of transmission shall also deliver an original executed counterpart of this Amendment No. 1, but the failure to do so shall not affect the validity, enforceability, and binding effect of this Amendment No. 1.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed and delivered by their authorized officers as of the day and year first above written. 
	
		
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent and a Lender 
By:___________________________ 
Name: 
Title:
	 

	 
	BORROWERS

ADVANCED ENERGY INDUSTRIES, INC. 

By: ____________________________ 
Name:   
Title:    

	 
	AE SOLAR ENERGY, INC.

By: ____________________________ 
Name:   
Title:   

	 
	SEKIDENKO, INC.

By: ____________________________ 
Name:   
Title:   

	 
	GUARANTORS

AEI US SUBSIDIARY, INC.

By: ____________________________ 
Name:   
Title:    

	 
	AERA CORPORATION

By: ____________________________ 
Name:   
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]