Document:

EXHIBIT 10.2

                                NON U.S. RESIDENT

                              PRO NUTRISOURCE INC.

                             SUBSCRIPTION AGREEMENT
                                       AND
                             PURCHASER QUESTIONNAIRE

Pro NutriSource Inc.
307 Natasha City
Longueuil, Quebec
Canada J4L 2P8

Gentlemen:

                                     PART I

         Pro  NutriSource  Inc., a Nevada  corporation  (the  "Corporation")  is
offering on a private  placement basis,  shares of its restricted  common stock,
par value $0.001 (the "Common  Stock") to eligible  investors  who  subscribe to
this issue by this document (the  "Investor") at a price of U.S. $____ per share
of Common Stock. The Corporation offers, and the Investor accepts, the shares of
Common  Stock on the terms  and  conditions  as set  forth in this  subscription
agreement.

         1.  Subscription.  The undersigned hereby tenders this subscription and
applies for the purchase of _______ shares of Common Stock in the capital of the
Corporation for an aggregate purchase price of $_______. By execution below, the
undersigned  acknowledges  that the Corporation is relying upon the accuracy and
completeness  of the  representations  contained  herein in  complying  with its
obligations under applicable securities laws.

         2.  Representations  by Undersigned.  The undersigned  acknowledges and
represents as follows:

         (a)      NOT A U.S. PERSON: the Investor:  (i) is not a U.S. Person (as
                  defined in Rule 902 of Regulation S ("REGULATION S") under the
                  United States SECURITIES ACT OF 1933 (the "U.S.  ACT"),  which
                  definition includes, but is not limited to, any natural person
                  resident in the United States,  any corporation or partnership
                  incorporated  or organized under the laws of the United States
                  or any estate or trust of which any executor, administrator or
                  trustee is a U.S.  Person;  (ii) is not  purchasing any of the
                  shares of Common  Stock for the account or benefit of any U.S.

<PAGE>

                  Person or for offering,  resale or delivery for the account or
                  benefit of any U.S. Person or for the account of any person in
                  any  jurisdiction  other than the  jurisdiction set out in the
                  name and address of the  Investor set forth  hereinbelow;  and
                  (iii) was not offered any shares of Common Stock in the United
                  States  and was  outside  the  United  States  at the  time of
                  execution and delivery of this Agreement;

         (b)      NO  REGISTRATION  AND SALES UNDER  REGULATION  S: the Investor
                  acknowledges  that the  shares of Common  Stock  have not been
                  registered  under  the  U.S.  Act and the  Corporation  has no
                  obligation  or  present  intention  of  filing a  registration
                  statement  under  the U.S.  Act in  respect  of the  shares of
                  Common  Stock.  The  Investor  agrees to resell  the shares of
                  Common  Stock  only  in  accordance  with  the  provisions  of
                  Regulation S, pursuant to a registration under the U.S. Act or
                  pursuant to an available exemption from such registration, and
                  that hedging transactions involving the shares of Common Stock
                  may not be conducted  unless in compliance  with the U.S. Act.
                  The Investor understands that any certificate representing the
                  shares of Common  Stock will bear a legend  setting  forth the
                  foregoing  restrictions.  The  Investor  understands  that the
                  shares of Common  Stock are  restricted  within the meaning of
                  "RULE 144" promulgated  under the U.S. Act; that the exemption
                  from registration  under Rule 144 will not be available in any
                  event  for at least  one year  from the date of  purchase  and
                  payment of the  shares of Common  Stock by the  Investor,  and
                  even then will not be  available  unless (i) a public  trading
                  market  then exists for the common  stock of the  Corporation,
                  (ii) adequate  information  concerning the Corporation is then
                  available  to the public and (iii) other terms and  conditions
                  of Rule 144 are complied with; and that any sale of the shares
                  of Common  Stock may be made by the  Investor  only in limited
                  amounts in accordance with such terms and conditions;

         (c)      NO U.S. BENEFICIAL INTEREST:  no U.S. Person,  either directly
                  or  indirectly,  has  any  beneficial  interest  in any of the
                  shares of Common Stock acquired by the Investor hereunder, nor
                  does the Investor have any agreement or understanding (written
                  or oral) with any U.S. Person respecting:

                  (i)    the  transfer  or  any  assignment  of  any  rights  or
                         interest in any of the shares of Common Stock;

                  (ii)   the division of profits,  losses, fees,  commissions or
                         any   financial   stake   in   connection   with   this
                         subscription; or

                  (iii)  the voting of the shares of Common Stock;

         (d)      EXPERIENCE:  the  Investor  has the  requisite  knowledge  and
                  experience  in  financial  and  business  matters for properly
                  evaluating the risks of an investment in the Corporation;

         (e)      INFORMATION:   the  Investor  has  received  all   information
                  regarding  the   Corporation   reasonably   requested  by  the
                  Investor;

<PAGE>

         (f)      RISK:  the  Investor  understands  that an  investment  in the
                  Corporation  involves  certain risks of which the Investor has
                  taken full  cognizance,  and which  risks the  Investor  fully
                  understands;

         (g)      ADEQUACY  OF  INFORMATION:  the  Investor  has been  given the
                  opportunity to ask questions of, and to receive  answers from,
                  the  Corporation  concerning  the terms and  conditions of the
                  offering  and to obtain  additional  information  necessary to
                  verify  the  accuracy  of  the  information  contained  in the
                  information described in paragraph "(e)" hereinabove,  or such
                  other information as the Investor desired in order to evaluate
                  an investment in the Corporation;

         (h)      RESIDENCY:   the  residence  of  the  Investor  as  set  forth
                  hereinbelow is the true and correct  residence of the Investor
                  and the  Investor  has no  present  intention  of  becoming  a
                  resident or domiciliary of any other State or jurisdiction;

         (i)      INDEPENDENT  INVESTIGATION:  in making a decision to invest in
                  the   Corporation   the  Investor   has  relied   solely  upon
                  independent  investigations  made  by the  Investor,  and  the
                  particular tax consequences  arising from an investment in the
                  Corporation   will  depend  upon  the  Investor's   individual
                  circumstances;

         (j)      PRINCIPAL:  the  Investor is  purchasing  the shares of Common
                  Stock as principal for the  Investor's own account and not for
                  the benefit of any other  person,  except as otherwise  stated
                  herein,  and not with a view to the resale or  distribution of
                  all or any of the shares of Common Stock;

         (k)      DECISION TO  PURCHASE:  the  decision of the Investor to enter
                  into this Agreement and to purchase the shares of Common Stock
                  pursuant hereto has been based only on the  representations of
                  this  Agreement and any  collateral  business plan or offering
                  memorandum  provided  herewith  or based  upon the  Investor's
                  relationship  with a  director  and/or  senior  officer of the
                  Corporation.  It is not made on other information  relating to
                  the  Corporation  and not upon any oral  representation  as to
                  fact or otherwise  made by or on behalf of the  Corporation or
                  any other  person.  The Investor  agrees that the  Corporation
                  assumes  no   responsibility   or   liability  of  any  nature
                  whatsoever for the accuracy,  adequacy or  completeness of any
                  business  plan  information  which has been created based upon
                  the Corporation's  management experience.  In particular,  and
                  without limiting the generality of the foregoing, the decision
                  to  subscribe  for the  shares  of  Common  Stock has not been
                  influenced by:

                  (i)    newspaper,  magazine or other media articles or reports
                         related to the Corporation or its business;

                  (ii)   promotional  literature or other  materials used by the
                         Corporation for sales or marketing purposes; or

<PAGE>

                  (iii)  any  representations,   oral  or  otherwise,  that  the
                         Corporation will become a listed Corporation,  that any
                         of the shares of Common  Stock will be  repurchased  or
                         have any  guaranteed  future  realizable  value or that
                         there  is  any  certainty  as to  the  success  of  the
                         Corporation  or the  liquidity  or  value of any of the
                         shares of Common Stock;

         (l)      ADVERTISEMENTS:  the Investor  acknowledges  that the Investor
                  has not  purchased  the shares of Common  Stock as a result of
                  any general  solicitation  or general  advertising,  including
                  advertisements,  articles,  notices  or  other  communications
                  published  in any  newspaper,  magazine  or  similar  media or
                  broadcast over radio or television,  or any seminar or meeting
                  whose  attendees have been invited by general  solicitation or
                  general advertising;

         (m)      INFORMATION NOT RECEIVED:  the Investor has not received,  nor
                  has the Subscriber  requested,  nor does the Investor have any
                  need to receive, any offering memorandum or any other document
                  (other than  financial  statements  or any other  document the
                  content  of which is  prescribed  by  statute  or  regulation)
                  describing the business and affairs of the  Corporation  which
                  has been prepared for delivery to, and review by,  prospective
                  purchasers  in order to assist  them in  making an  investment
                  decision  in respect of the  shares of Common  Stock,  and the
                  Investor has not become aware of any  advertisement in printed
                  media  of  general  and  regular  paid  circulation,  radio or
                  television  with respect to the  distribution of the shares of
                  Common Stock

         (n)      INFORMATION  RECEIVED:  the  Investor  has had  access to such
                  additional information,  if any, concerning the Corporation as
                  the Investor has considered  necessary in connection  with the
                  Investor's investment decision to acquire the shares of Common
                  Stock;

         (o)      SATISFACTION   WITH   INFORMATION   RECEIVED:   the   Investor
                  acknowledges that, to the Investor's satisfaction:

                  (i)      the  Investor  has  either  had access to or has been
                           furnished with sufficient  information  regarding the
                           Corporation   and  the   terms  of  this   investment
                           transaction to the Investor's satisfaction;

                  (ii)     the Investor has been provided the opportunity to ask
                           questions concerning this investment  transaction and
                           the  terms  and  conditions   thereof  and  all  such
                           questions   have  been  answered  to  the  Investor's
                           satisfaction; and

                  (iii)    the  Investor  has been given ready  access to and an
                           opportunity  to  review  any  information,   oral  or
                           written,   that  the  Investor  has   requested,   in
                           particular  to any  offering  memorandum  or business
                           plan of the Corporation, if available concurrent with
                           or as a part of this Agreement;

<PAGE>

         (p)      RELIANCE OF  REPRESENTATIVE:  the  Investor,  by reason of the
                  Investor's  knowledge and experience in financial and business
                  matters,  is capable of evaluating  the risks and merits of an
                  investment  in the shares of Common  Stock or, if the Investor
                  is relying upon the investment advice of a representative  who
                  has advised the undersigned in connection with this investment
                  (the   "REPRESENTATIVE"),   the   undersigned   believes   the
                  Representative  to be sophisticated  and competent in the area
                  of  investment  advice and analysis and  therefore  capable of
                  evaluating the risks and merits of an investment in the shares
                  of Common Stock;

         (q)      ECONOMIC  RISK: the Investor has such knowledge and experience
                  in  financial  and  business  affairs  as  to  be  capable  of
                  evaluating the merits and risks of the  Investor's  investment
                  in and to any of the shares of Common Stock,  and the Investor
                  is able  to  bear  the  economic  risk of a total  loss of the
                  Investor's  investment  in and to any of the  shares of Common
                  Stock;

         (r)      SPECULATIVE  INVESTMENT:  the  Investor  understands  that  an
                  investment  in  any  of  the  shares  of  Common  Stock  is  a
                  speculative  investment  and  that  there is no  guarantee  of
                  success of the Corporation's  management's plans. Management's
                  plans are an effort to apply present  knowledge and experience
                  to  project  a future  course of  action  which is hoped  will
                  result in financial success employing the Corporation's assets
                  and with the present level of management's skills and of those
                  whom the  Corporation  will need to attract  (which  cannot be
                  assured).   Additionally,  all  plans  are  capable  of  being
                  frustrated by new or unrecognized or unappreciated  present or
                  future circumstances which can typically not be accurately, or
                  at all, predicted;

         (s)      STATUS OF THE  SUBSCRIBER  IN THE U.K.:  if the  Investor is a
                  resident  of the  United  Kingdom,  it: (i) is either a United
                  Kingdom "business investor" (a Corporation which has, or whose
                  parent  Corporation  has,  at  least  (pound)5,000,000  in net
                  assets or paid up share capital or (pound)500,000 if it or its
                  parent  Corporation  has over 20 members) or a United  Kingdom
                  "authorized person" or "exempted person" within the meaning of
                  the FINANCIAL  SERVICES ACT, 1986 of the United Kingdom;  (ii)
                  has read and  understood  the contents of this  Agreement  and
                  agrees to be legally bound thereby; (iii) has not received any
                  "application form" within the meaning of applicable securities
                  legislation;  (iv) has not  received,  is not aware of and has
                  not  relied  on  any  "investment  advertisement"  within  the
                  meaning  of the  FINANCIAL  SERVICES  ACT,  1986 of the United
                  Kingdom;  and (v)  its  ordinary  business  is the  buying  or
                  selling of shares;

         (t)      ADDRESS:  the Investor is resident as set out on the last page
                  of this Agreement as the "Investor's Address", and the address
                  as set  forth on the last page of this  Agreement  is the true
                  and correct address of the Investor;

         (u)      RISK AND  RESALE  RESTRICTION:  the  Investor  is aware of the
                  risks and other  characteristics of the Shares and the Warrant
                  Shares and of the fact that the  Investor  will not be able to
                  resell the shares of Common  Stock except in  accordance  with
                  the applicable securities legislation and regulatory policy;

         (v)      REPRESENTATIONS  AS TO  RESALE:  no  person  has  made  to the
                  Investor any written or oral representations:

<PAGE>

                  (i)    that any person  will resell or  repurchase  any of the
                         shares of Common Stock;

                  (ii)   that any person will refund the  purchase of any of the
                         shares of Common Stock;

                  (iii)  as to the future price or value of any of the shares of
                         Common Stock; or

                  (iv)   that the  shares of  Common  Stock  will be listed  and
                         posted   for    trading   on   any   stock    exchange,
                         over-the-counter  or  bulletin  board  market,  or that
                         application  has  been  made to list  and  post any the
                         Shares   for    trading   on   any   stock    exchange,
                         over-the-counter or bulletin board market; and

                  the Investor will not resell the shares of Common Stock except
                  in accordance  with the  provisions  of applicable  securities
                  legislation  and  stock  exchange,   over-the-counter   and/or
                  bulletin board market rules;

         (w)      REPORTS AND UNDERTAKINGS: if required by applicable securities
                  legislation,  policy or order or by any securities commission,
                  stock  exchange or other  regulatory  authority,  the Investor
                  will execute and otherwise  assist the  Corporation  in filing
                  such  reports,  undertakings  and  other  documents  as may be
                  reasonably required with respect to the issue of the shares of
                  Common Stock;

         (x)      RESALE  RESTRICTIONS:  the  Investor  has  been  independently
                  advised as to the applicable hold period imposed in respect of
                  the shares of Common Stock by  securities  legislation  in the
                  jurisdiction  in which the  Subscriber's  resides and confirms
                  that no representation has been made respecting the applicable
                  hold  periods  for the shares of Common  Stock and is aware of
                  the risks and other  characteristics  of the  shares of Common
                  Stock  and of the fact  that the  Investor  may not be able to
                  resell the shares of Common  Stock except in  accordance  with
                  the applicable  securities  legislation and regulatory policy.
                  In this  regard  the  Investor  agrees  that  if the  Investor
                  decides to offer, sell or otherwise transfer any of the shares
                  of  Common  Stock,  the  Investor  will  not  offer,  sell  or
                  otherwise  transfer  any  of  such  shares  of  Common  Stock,
                  directly or indirectly, unless:

                  (i)    the sale is to the Corporation; or

                  (ii)   the  sale  is  made   outside  the  United   States  in
                         compliance  with  the   requirements  of  Rule  904  of
                         Regulation S under the U.S. Act and in compliance  with
                         applicable state securities laws; or

                  (iii)  the  sale  is  made  pursuant  to  an  exemption   from
                         registration  under the U.S.  Act  provided by Rule 144
                         thereunder and as set forth in Article "4" hereinbelow,
                         if applicable,  and in compliance with applicable state
                         securities laws; or

                  (iv)   with the prior written consent of the Corporation,  the
                         sale is made pursuant to another  applicable  exemption
                         from registration  under the U.S. Act and in compliance
                         with applicable state securities laws;

<PAGE>

         (y)      NO PROSPECTUS FILING:  the Investor  acknowledges that this is
                  an offering made on a private  basis without a prospectus  and
                  that no federal,  state,  provincial  or other agency has made
                  any  finding  or   determination  as  to  the  merits  of  the
                  investment nor made any  recommendation  or endorsement of the
                  shares of Common Stock, and that:

                  (i)      the Investor may be or is restricted  from using most
                           of the  civil  remedies  available  under  applicable
                           securities legislation; and

                  (ii)     the Corporation is relieved from certain  obligations
                           that   would   otherwise   apply   under   applicable
                           securities legislation;

         (z)      CONFIDENTIALITY:    the   Investor    understands   that   the
                  Corporation's   business   plan   and   this   Agreement   are
                  confidential.  Furthermore,  the Investor has not  distributed
                  such, or divulged the contents  thereof,  to anyone other than
                  such legal or  financial  advisors as the  Investor has deemed
                  desirable  for purposes of  evaluating  an  investment  in the
                  shares  of Common  Stock,  and the  Investor  has not made any
                  copies thereof except for the Investor's own records;

         (aa)     AGE OF MAJORITY: the Investor, if an individual,  has attained
                  the age of majority  and is legally  competent to execute this
                  Agreement and to take all actions required pursuant hereto;

         (ab)     AUTHORIZATION  AND FORMATION OF INVESTOR:  the Investor,  if a
                  corporation,  partnership,  trust  or other  form of  business
                  entity, is authorized and otherwise duly qualified to purchase
                  and hold the shares of Common  Stock,  and such entity has not
                  been formed for the specific  purpose of acquiring  the shares
                  of Common  Stock in this issue.  If the Investor is one of the
                  aforementioned entities it hereby agrees that, upon request of
                  the  Corporation,  it will  supply  the  Corporation  with any
                  additional  written  information  that may be requested by the
                  Corporation.  In addition, the entering into of this Agreement
                  and the  transactions  contemplated  hereby will not result in
                  the violation of any of the terms of and provisions of any law
                  applicable to, or the constating documents,  if a corporation,
                  of, the  Subscriber or of any  agreement,  written or oral, to
                  which the Investor may be a party or by which the Investor may
                  be bound;

         (ac)     LEGAL  OBLIGATION:  this  Agreement  has been duly and validly
                  authorized, executed and delivered by and constitutes a legal,
                  valid, binding and enforceable obligation of the Investor;

<PAGE>

         (ad)     LEGAL AND TAX CONSEQUENCES.  the Investor acknowledges that an
                  investment in the securities of the  Corporation  may have tax
                  consequences  to the Investor under  applicable law, which the
                  Investor  is  solely  responsible  for  determining,  and  the
                  Investor  also  acknowledges  and agrees that the  Investor is
                  responsible for obtaining its own legal and tax advice;

         (ae)     COMPLIANCE  WITH  APPLICABLE  LAWS:  the Investor  knows of no
                  reason (and is  sufficiently  knowledgeable  to determine  the
                  same or has sought  legal  advice)  why the  delivery  of this
                  Agreement,  the  acceptance of it by the  Corporation  and the
                  issuance of the shares of Common  Stock to the  Investor  will
                  not  comply  with  all  applicable   laws  of  the  Investor's
                  jurisdiction   of  residence   or  domicile,   and  all  other
                  applicable  laws,  and the  Investor  has no reason to believe
                  that  the  Investor's   subscription  hereby  will  cause  the
                  Corporation  to become  subject to or  required to comply with
                  any disclosure,  prospectus or reporting requirements or to be
                  subject to any civil or regulatory  review or  proceeding.  In
                  addition,   the  Investor  will  comply  with  all  applicable
                  securities  laws  and  will  assist  the  Corporation  in  all
                  reasonable  manner to comply  with all  applicable  securities
                  laws;

         (af)     ENCUMBRANCE OR TRANSFER OF  SECURITIES:  the Investor will not
                  sell,   assign,   gift,  pledge  or  encumber  in  any  manner
                  whatsoever any of the shares of Common Stock herein subscribed
                  for without the prior written  consent of the  Corporation and
                  in accordance with applicable securities legislation; and

         (ag)     REGULATION  S: the Investor  further  represents  and warrants
                  that the Subscriber was not specifically formed to acquire any
                  of the shares of Common Stock subscribed for in this Agreement
                  in violation of the provisions of Regulation S.

         I will hold title to my shares of Common Stock as follows:

                    ___ Individual Ownership
                    ___ Community Property
                    ___ Joint Tenant with Right of Survivorship (both parties
                        must sign)
                    ___ Partnership
                    ___ Tenants in Common
                    ___ Corporation
                    ___ Trust
                    ___ Other (please specify)_______________________

         General. The following  information is to be provided by all Investors.
(Please  print or type - attach  additional  information  on separate  sheets if
necessary.)

                  (i)    Investor Information (for corporations, partnerships or
                         trusts,   please  give  name  of  entity  and  name  of
                         authorized   individual   completing  the  Subscription
                         Agreement and Purchaser Questionnaire.

<PAGE>

Name___________________________________________________________________

Home Address____________________________________________________________

Home Telephone _________________________________________________________

Date of Birth/Organization__________________________________________________

Citizenship: __________

Occupation______________________________________________________________

Employer________________________________________________________________

Business Address_________________________________________________________

Business Telephone_______________________________________________________

Length of Employment_____________________________________________________

                  (ii)   For Investors other than Individuals

In  order  to  establish  that the  Investor  is  authorized  to  complete  this
Subscription  Agreement  and  Purchaser  Questionnaire,  the  following  must be
furnished:

A  GENERAL  OR  LIMITED  PARTNERSHIP  must  attach  a copy  of  its  partnership
agreement,  which must show that the person signing this Subscription  Agreement
and Purchaser  Questionnaire  and any other document related to its subscription
for the  shares of Common  Stock  (the  "Subscription  Documents")  is a general
partner  of the  partnership  who  has the  authority  to  make  the  investment
decisions and to execute the Subscription Documents.

A  LIMITED  LIABILITY  CORPORATION  OR A  CORPORATION  must  attach  a copy of a
resolution of the board of directors  showing that the corporation is authorized
to  make  this  investment  and  that  the  person  who  is  signing  any of the
Subscription Documents is authorized to do so.

A TRUST must attach a copy of the trust agreement.

(iii)    Investment Decision

         If the  Investor  is a  general  partnership,  did each  partner  elect
         whether he will  participate  in the  partnership's  investment  in the
         shares of Common Stock? ____Yes _____No

         If the answer is "No", please state the total number of partners of the
         partnership and the total number of partners who elected to participate
         in this investment. _____

<PAGE>

                         SIGNATURE PAGE FOR INDIVIDUALS

                            Dated: ___________, 2009

____________________________________
Signature
____________________________________
Signature (all record holders should sign)
____________________________________
Name(s) Printed
____________________________________
Name(s) Printed
____________________________________
Address to Which Correspondence Should be Directed
____________________________________
Street or P.O. Box
____________________________________
City, State and Zip Code
____________________________________
Social Security Number
____________________________________
Social Security Number
____________________________________
Telephone Number

WHEN  COMPLETED  AND  SIGNED  THIS  SUBSCRIPTION  SHOULD  BE  DELIVERED  TO  PRO
NUTRISOURCE  INC., 307 NATASHA CITY,  LONGUEUIL,  QUEBEC,  CANADA J4L 2P8, ATTN:
TONY KHOURY.

ACCEPTED:

PRO NUTRISOURCE INC.

 By:_______________________________         Dated: ____________, 2009
        Tony Khoury, President

<PAGE>

                           SIGNATURE PAGE FOR ENTITIES

                           Dated: ______________, 2009

____________________________________
Name of Entity
____________________________________
*Signature with Title
____________________________________
Name Printed
____________________________________
Address to Which Correspondence Should be Directed
____________________________________
Street or P.O. Box
____________________________________
City, State and Zip Code
____________________________________
Tax Identification Number
____________________________________
Telephone Number

*If  Securities  are being  subscribed  for by an  entity,  the  Certificate  of
Signatory that is attached to this document must also be completed.

WHEN  COMPLETED  AND SIGNED  THIS  SUBSCRIPTION  AGREEMENT  AND  CERTIFICATE  OF
SIGNATORY  SHOULD BE  DELIVERED  TO PRO  NUTRISOURCE  INC.,  307  NATASHA  CITY,
LONGUEUIL, QUEBEC, CANADA J4L 2P8, ATTN: TONY KHOURY.

ACCEPTED:

PRO NUTRISOURCE INC.

By:__________________________                        Date:_____________, 2009
     Tony Khoury, President

<PAGE>

                            CERTIFICATE OF SIGNATORY

                  (To be completed if the Securities are being
                          subscribed for by an entity)

 I, _________________, am the _______________ of _______________ (the "Entity").

         I certify  that I am  empowered  and duly  authorized  by the Entity to
execute  and carry out the terms of the  Subscription  Agreement  and  Purchaser
Questionnaire  and to purchase and hold the shares of Common Stock,  and certify
further that the  Subscription  Agreement and Purchaser  Questionnaire  has been
duly and validly  executed on behalf of the Entity and  constitutes  a legal and
binding obligation of the Entity.

         IN WITNESS WHEREOF, I have set my hand this ___ day of _________, 2009.

                                                       _________________________
                                                       SignatureExhibit
10.1

 

EMPLOYMENT
AGREEMENT

 

This EMPLOYMENT
AGREEMENT (the “Agreement”) is effective as of July 29,
2009, by and between BROADWIND ENERGY, INC. (the “Company”),
and Stephanie Kushner (“Executive”).

 

WHEREAS,
the Company is engaged in the business of manufacturing wind turbine tower
structures, gearing and gear sets for wind gearboxes, specialized heavy-haul
transportation services for the wind industry, service and maintenance of wind
turbines, and wind turbine construction labor support (the “Company Business”);

 

WHEREAS,
the Company desires to employ Executive and Executive desires to be employed by
the Company; and

 

WHEREAS,
the Company and Executive desire to enter into this Agreement to set forth the
rights, duties, benefits and obligations with respect to the employment of
Executive by the Company under the terms and conditions herein provided.

 

NOW, THEREFORE, in consideration of Executive’s employment with the Company, and the
mutual and respective covenants and agreements of the parties herein contained,
and other good and valuable consideration present but not specifically set
forth, the parties hereto agree as follows:

 

1.                                       Employment. 
The Company hereby agrees to employ Executive in the position, and with
the title, duties and responsibilities, set forth in Section 2 hereof, and
Executive hereby agrees to be employed by the Company, on the terms and
conditions set forth herein.  This
Agreement and Executive’s employment hereunder shall commence on July 29,
2009 (the “Start Date”), and shall continue
for a period of two years, unless sooner terminated in accordance with the
provisions of Section 6 hereof (the “Term”).  The Term will thereafter automatically extend
for successive one-year periods, but Executive’s employment may at any time be
terminated in accordance with the provisions of Section 6 hereof.

 

2.                                       Duties and Responsibilities. 
Executive shall serve as a financial and business advisor from the Start
Date until August 14, 2009 and, during such time, shall report directly to
the Chief Executive Officer of the Company. 
Beginning as of August 15, 2009 and for the remainder of the Term,
Executive shall serve as Chief Financial Officer for the Company and the principal
financial officer for Securities and Exchange Commission reporting purposes, and shall report to the Chief Executive
Officer, the Company’s Board of Directors (the “Board”),
and his/their designees.  Executive shall
have the duties and responsibilities that are commensurate with the position
she holds during the time she holds such position, as well as such other duties
as may be assigned to Executive by the Chief Executive Officer or the Board
from time to time.  Executive shall devote all of her working
time and best efforts to the business and affairs of the Company except for
such time as shall reasonably be required to serve in connection with civic or
charitable activities, or manage Executive’s financial matters, provided that
such activities, in the aggregate, do not interfere with Executive’s ability to
perform the duties and responsibilities of her employment hereunder.  Executive shall follow the direction of the
Chief Executive Officer, the Board and his/their designees, and shall perform
all duties and responsibilities of the 

 

 

position that she
holds, as those duties and responsibilities may change from time to time.  Executive shall comply with the Company’s
standards, policies and procedures in effect on the date of this Agreement and
as they may change from time to time.

 

3.                                       Compensation and Related Matters.

 

(a)                                  Base Salary. 
Executive shall receive an initial annual base salary of Three Hundred
Twenty-Five Thousand US Dollars ($325,000), less required and authorized
withholding and deductions.  Executive’s
salary shall be subject to review and adjustment by the Company at least
annually, and paid in accordance with the Company’s regular payroll schedule as
it applies to salaried employees (“Base Salary”).  Notwithstanding the preceding sentence, in no
event shall Executive’s Base Salary be reduced by the Company without the
Executive’s consent.

 

(b)                                 Bonus. 
Except as provided in the following sentence, Executive will be eligible
for a target annual bonus in an amount equal to 75% of her Base Salary, and
pursuant to such terms, as set forth in the Broadwind Energy Inc.
Executive Short-Term Incentive Plan (the “Incentive Plan”) or other written arrangement
adopted by the Company.  For 2009 only,
Executive shall not be eligible for a bonus under the Incentive Plan but, shall
be eligible for a target bonus of 75% of her Base Salary multiplied by a
fraction, the numerator of which is the number of days she is employed by the
Company during 2009 and the denominator of which is 365, with the actual
payment amount based on individual objectives to be mutually agreed upon by the
Company and the Executive no later than August 31, 2009.  Such bonus shall be paid to Executive no
later than March 15, 2010.

 

(c)                                  Stock. 
The Executive shall be eligible to participate in the Company’s common
stock incentive plan as in effect from time to time.  The Company will
grant Executive 25,000 stock options and 25,000 restricted stock units with a
four-year vesting schedule under the Company’s 2007 Equity Incentive Plan
subject to approval by the Board and the Company’s Equity Awards Policy. 
The Company may grant Executive additional stock options, restricted stock
units or other awards under the Company’s 2007 Equity Incentive Plan based on
individual and Company performance criteria to be established by the Board.

 

(d)                                 Benefits. 
Executive shall be entitled to all rights and benefits for which she is
eligible under the terms and conditions of the Company’s standard benefits and
compensation practices that may be in effect from time to time and provided by
the Company to its employees generally. 
In addition to, and not in limitation of, the foregoing, during the
Term, Executive shall be eligible to accrue up to four weeks (20 business days)
of paid time off (PTO) per anniversary year exclusive of any business day with
respect to which the Company is closed for business due to any federal, state
or local holiday or any day off generally granted by the Company to its
employees, subject to the Company’s then-current paid time off policy (which
shall not have the effect of reducing said four weeks (20 business days) of
paid vacation).  In addition to, and not
in limitation of the foregoing, during the Term, Executive shall receive any
additional benefits generally provided by the Company to executive employees of
the Company, including group health insurance for Executive and dependants,
life insurance, and long term disability insurance, and participation in the
Company’s 401(k) plan, all in accordance with applicable plan documents.

 

2

 

(e)                                  Expense Reimbursement. 
The Company will reimburse Executive for reasonable business expenses in
accordance with the Company’s standard expense account and reimbursement
policies.

 

4.                                       Representations and Warranties of
Executive.  In order to induce the Company to employ
Executive, Executive hereby represents and warrants to the Company as follows:

 

(a)                                  Binding Agreement. 
This Agreement has been duly executed and delivered by Executive and
constitutes a legal, valid and binding obligation of Executive and is enforceable
against Executive in accordance with its terms.

 

(b)                                 No Violations of Law. 
The execution and delivery of this Agreement and the other agreements
contemplated hereby by Executive do not, and the performance by Executive of
her obligations under this Agreement and the other agreements contemplated
hereby will not, violate any term or provision of any law, or any writ,
judgment, decree, injunction, or similar order applicable to Executive.

 

(c)                                  Litigation. 
Executive is not involved in any proceeding, claim, lawsuit, or
investigation alleging wrongdoing by Executive before any court or public or
private arbitration board or panel or governmental department, commission,
board, bureau, agency or instrumentality.

 

(d)                                 No Conflicting Obligations. 
Executive is not under, or bound to be under in the future, any
obligation to any person or entity that is or would be inconsistent or in
conflict with this Agreement or would prevent, limit, or impair in any way the
performance by her of her obligations hereunder, including but not limited to
any duties owed to any former employers not to compete or use or disclose
confidential information.  Executive
represents and agrees that she will not disclose to the Company or use on
behalf of the Company any confidential information or trade secrets belonging
to a third party, including any former employer.  Executive further represents and agrees that
she has returned, or will return before her last day of employment with her
current employer, all property belonging to Executive’s current and previous
employers, including but not limited to any and all confidential information.

 

5.                                       Restrictive Covenants.

 

(a)                                  Confidentiality Critical. 
The parties agree that the business in which the Company is engaged is
highly sales-oriented and the goodwill established between Executive and the
Company’s customers and potential customers is a valuable and legitimate
business interest worthy of protection under this Agreement.  Executive acknowledges and agrees that
developing and maintaining business relationships is an important and essential
business interest of the Company. 
Executive further recognizes that, by virtue of her employment by the
Company, she will be granted otherwise prohibited access to confidential and
proprietary data of the Company which is not known to its competitors and which
has independent economic value to the Company and that she will gain an
intimate knowledge of the Company’s business and its policies, customers,
employees and trade secrets, and of other confidential, proprietary, 

 

3

 

privileged, or secret information of the Company and its customers (“Customers”) (collectively, all such
nonpublic information is referred to as “Confidential Information”).

 

This Confidential
Information includes, but is not limited to data relating to the Company’s
marketing and servicing programs, procedures and techniques; business,
management and personnel strategies; the criteria and formulae used by the
Company in pricing its products, loss control and information management
services; the Company’s products and services; the Company’s computer system
and software; lists of prospects; customer lists; the identity, authority and
responsibilities of key contacts at accounts of Customers; and the composition
and organization of Customers’ business. 
Executive recognizes and admits that this Confidential Information
constitutes valuable property of the Company, developed over a long period of
time and at substantial expense, and worthy of protection.  Executive acknowledges and agrees that only
through her employment with the Company could she have the opportunity to learn
this Confidential Information.

 

(b)                                 Confidential Information. 
Executive shall not at any time (for any reason), directly or
indirectly, for himself or on behalf of any other person or entity, (A) disclose
to any person or entity (except to employees or other representatives of the
Company who need to know such Confidential Information to the extent reasonably
necessary for Executive to perform her duties under this Agreement or such
employees or representatives to perform their duties on behalf of the Company,
and except as required by law) any Confidential Information, including, without
limitation, business or trade secrets of, or products or methods or techniques
used by, the Company, or any Confidential Information whatsoever concerning the
Customers, (B) use, directly or indirectly, for her own benefit or for the
benefit of another (other than a Customer) any of such Confidential
Information, or (C) assist any other person or entity in connection with
any action described in either of the foregoing clauses (A) and (B).

 

(c)                                Noninterference with Employees. 
Executive further agrees that the Company has expended considerable
time, energy and resources into training its other employees (“Co-Workers”).  As a result, during her employment with the
Company and for a period of eighteen (18) months thereafter, Executive shall
not, for any reason, directly or indirectly, for himself or on behalf of any
other person or entity, (A) induce or attempt to induce any Co-Worker to
terminate employment with the Company, (B) interfere with or disrupt the
Company’s relationship with any of the Co-Workers, (C) solicit, entice,
hire, cause to hire, or take away any person employed by the Company at that
time or during the eighteen (18) month period preceding Executive’s last day of
employment with the Company, or (D) assist any other person or entity in
connection with any action described in any of the foregoing clauses (A) through
(C).

 

(d)                                 Non-competition. 
Executive
further agrees with the Company to the following provisions, all of which
Executive acknowledges and agrees are necessary to protect the Company’s
legitimate business interests.  Executive covenants and agrees with the Company
that:

 

(i)                                   Unless otherwise agreed between the
parties, Executive shall not, during her employment with the Company and
for a period of eighteen (18) months thereafter, either directly or indirectly,
engage in, render service or other assistance to, or 

 

4

 

sell products or services, or provide resources of any kind, whether as
an owner, partner, shareholder, officer, director, employee, consultant or in
any other capacity, whether or not for consideration, to any person,
corporation, or any entity, whatsoever, that owns, operates or conducts a
business that competes, in any way, with the Company Business (as defined at
the start of this Agreement), other than the ownership of 5% or less of the
shares of a public company where Executive is not active in the day-to-day
management of such company.   With respect to the post employment
application of this Section 5(d)(i), the restrictions shall extend only to
those specific countries or provinces where the Company conducts business on
the day that Executive’s employment with the Company terminates.

 

(ii)                                  Executive shall not, during her employment with
the Company and for a period of eighteen (18) months thereafter, either
directly or indirectly, (A) solicit, call on or contact any Customer of
the Company with whom Executive has had material contact during her employment
with the Company for the purpose or with the effect of offering any products or
services of any kind offered by the Company at that time or during her
employment with the Company, (B) request or advise any present or future
vendors or suppliers to the Company to cancel any contracts, or curtail their
dealings, with the Company, or (C) assist any other person or entity in
connection with any action described in any of the foregoing clauses (A) through
(B).

 

(iii)                               During her employment with the Company, Executive
shall not own, or permit ownership by Executive’s spouse or any minor children
under the parental control of Executive, directly or indirectly, an amount in
excess of five percent (5%) of the outstanding shares of stock of a
corporation, or five percent (5%) of any business venture of any kind, which
operates or conducts a business that competes, in any way, with the Company.

 

(e)                                  Non-disparagement. 
At any time
during or after Executive’s employment with the Company, Executive shall not
disparage the Company or any shareholders, directors, officers, employees, or
agents of the Company.  During and after
Executive’s employment with the Company, neither the Company nor its directors
or officers shall disparage Executive to third parties.

 

(f)                                    Understandings.

 

(i)                                     The provisions of this Section 5
shall be construed as an agreement independent of any other claim.  The existence of any claim or cause of action
of Executive against the Company, whether predicated on Executive’s employment
or otherwise, shall not constitute a defense to the enforcement by the Company
of the terms of Section 5 of this Agreement.  Executive waives any right to a jury trial in
any litigation relating to or arising from this Agreement.

 

(ii)                                  Executive acknowledges and agrees that
the covenants and agreements contained herein are necessary for the protection
of the Company’s legitimate business interests and are reasonable in scope and
content.  Executive agrees that the
restrictions contained in this Section 5 are reasonable and will not
unduly restrict her in 

 

5

 

securing other employment or income in the event her employment with
the Company ends.  Executive acknowledges
and agrees that she executed this Agreement on or before her first day of
employment with the Company.

 

(g)                                 Injunctive Relief. 
Executive acknowledges and agrees that any breach by her of any of the
covenants or agreements contained in this Section 5 would give rise to
irreparable injury and would not be adequately compensable in damages.  Accordingly, Executive agrees that the
Company may seek and obtain injunctive relief against the breach or threatened
breach of any of the provisions of this Agreement in addition to any other
legal or equitable remedies available.

 

(h)                                 Reformation and Survival. 
The Company and Executive agree and stipulate that the agreements and
covenants contained in this Agreement and specifically of this Section 5
are fair and reasonable in light of all of the facts and circumstances of the
relationship between them.  The Company
and Executive agree and stipulate that Executive has hereby agreed to be bound
to the obligations, restrictions and covenants of this Section 5 as a
condition to her employment and in consideration of her compensation, stock
option grant, restricted stock unit grant, severance terms, and all other terms
and provisions of this Agreement.  The
Company and Executive acknowledge their awareness, however, that in certain
circumstances courts have refused to enforce certain agreements not to compete.  The Company and Executive agree that, if any term,
clause, subpart, or provision of this Agreement is for any reason adjudged by a
Court of competent jurisdiction to be invalid, unreasonable, unenforceable or
void, the same will be treated as severable, and shall be modified to the
extent necessary to be legally enforceable to the fullest extent permitted by
applicable law, and that such modification will not impair or invalidate any of
the other provisions of this Agreement, all of which will be performed in
accordance with their respective terms. 
Thus, in
furtherance of, and not in derogation of, the provisions of this Section 5,
the Company and Executive agree that in such event, this Section 5 shall
be deemed to be modified or reformed to restrict Executive’s conduct to the
maximum extent (in terms of time, geography, and business scope) that the court
shall determine to be enforceable.  The
provisions of this Section 5 shall survive the termination of this
Agreement and Executive’s resignation or termination of employment, regardless
of the reason and whether voluntary or involuntary.

 

6.                                       Termination.

 

(a)                                  Termination By The Company With
Cause.  The Company has the right, in its reasonable
determination at any time during the Term, to terminate Executive’s employment
with the Company for Cause (as defined below) by giving written notice to
Executive as described in this Section 6(a).  Prior to the effectiveness of termination for
Cause under subclause (i), (ii), (iii) or (iv) below, Executive shall
be given thirty (30) calendar days’ prior written notice from the Company,
specifically identifying the reasons which are alleged to constitute Cause for
any termination pursuant to the aforementioned subclauses, and an opportunity
to cure in the event Executive disputes such allegations; provided,
however, that the Company shall have no
obligation to continue to employ Executive following such thirty (30) calendar
day notice period unless Executive has cured the condition giving rise to the
Cause.  The Company’s termination of
Executive’s employment for Cause under subclause (v) or (vi) below
shall be effective immediately upon the Company’s written notice to
Executive.  If the 

 

6

 

Company terminates Executive’s employment for Cause, the Company’s
obligation to Executive shall be limited solely to the payment of unpaid Base
Salary accrued up to the effective date of termination plus any accrued but
unpaid benefits to the effective date of termination, and any unpaid bonus
earned in accordance with the then applicable bonus plan or program to the
effective date of termination.

 

As used in this
Agreement, the term “Cause”
shall mean and include (i) Executive’s abuse of alcohol that affects
Executive’s performance of Executive’s duties under this Agreement, or use of
any controlled substance; (ii) a willful act of fraud, dishonesty or
breach of fiduciary duty on the part of Executive with respect to the business
or affairs of the Company; (iii) material failure by Executive to comply
with applicable laws and regulations or professional standards relating to the
business of the Company; (iv) material failure by Executive to
satisfactorily perform her duties hereunder, a material breach by Executive of
this Agreement, or Executive engaging in conduct that materially conflicts with
the best interests of the Company or that may materially harm the Company’s
reputation; (v) Executive being subject to an inquiry or investigation by
a governmental authority or self-regulatory organization such that the
existence of such inquiry or investigation may result in damage to the Company’s
business interests, licenses, reputation or prospects; or (vi) conviction
of a felony or a misdemeanor involving moral turpitude.

 

(b)                                 Termination By The Company
Without Cause.  The Company shall have the right, at any time
during the Term, to terminate Executive’s employment with the Company without
Cause by giving written notice to Executive, which termination shall be
effective thirty (30) calendar days from the date of such written notice.  The Company may provide thirty (30) days pay
in lieu of notice.  If the Company
terminates Executive’s employment without Cause, the Company’s obligation to
Executive shall be limited solely to (i) unpaid Base Salary plus any
accrued but unpaid benefits to the effective date of termination, and any
unpaid bonus earned in accordance with the then applicable bonus plan or
program to the effective date of termination, provided that the unpaid bonus
for services rendered during the year in which the termination occurs shall not
be less than an amount equal to the product of 75% of the Executive’s Base
Salary multiplied by a fraction, the numerator of which is the number of days
she is employed by the Company during the year in which the termination occurs
and the denominator of which is 365; (ii) severance in an amount equal to
Executive’s then-current Base Salary for a period of eighteen (18) months; and (iii) if
Executive is eligible for and timely elects COBRA coverage for health insurance
coverage, payment of Executive’s COBRA premiums for the health insurance
coverage for a period of up to eighteen (18) months, payments to be made on a
monthly basis when the premiums are due. 
Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate
applicable agreements entered into between Executive and the Company.  As a condition to her receipt of the
post-employment payments and benefits under this Section 6(b), Executive
must be in compliance with Section 5 of this Agreement, and must execute,
return, not rescind and comply with a general release of claims agreement in
favor of the Company and related entities and individuals, within the timeframe
and in a form to be prescribed by the Company. 
The amount described in clause (i) of the second sentence of this
paragraph shall be paid within ninety (90) calendar days after the date of
Executive’s termination of employment, and the severance described in clause (ii) of
the second sentence of this paragraph shall be paid in equal installments
according to the normal payroll schedule, the first payment to Executive to 

 

7

 

be made on the next scheduled payroll date that occurs within ninety
(90) days after the date of Executive’s termination of employment, provided
that, in each case, the Company has received the signed general release of
claims agreement and Executive has not rescinded such agreement within the
rescission period set forth in such agreement. 
Executive shall have no duty to mitigate damages under this Section 6(b) during
the applicable severance period and, in the event Executive shall subsequently
receive income from providing Executive’s services to any person or entity,
including self employment income, or otherwise, then no such income shall in
any manner offset or otherwise reduce the payment obligations of the Company
hereunder.

 

Notwithstanding anything herein to the contrary, this Section 6(b) shall
not apply if Executive’s employment is terminated by the Company or a
succeeding entity without Cause upon or within one year of a Change of Control
at any time during the Term as described in Section 7 hereof.  In such case, Section 7 of this
Agreement shall control.

 

(c)                                  Termination By Executive for Good
Reason.  Executive has the right, in her reasonable
determination at any time during the Term, to terminate her employment with the
Company for Good Reason (as defined in this Section 6(c) below) by
giving written notice to the Company as described in this Section 6(c) below.  Prior to the effectiveness of termination for
Good Reason, the Company shall be given thirty (30) calendar days’ prior
written notice from Executive, specifically identifying the reasons which are
alleged to constitute Good Reason, and an opportunity to cure; provided, however, that
Executive shall have no obligation to continue her employment with the Company
following such thirty (30) calendar day notice period unless the Company cures
the event(s) giving rise to Executive’s Good Reason notice.  As used in this Section 6(c), the term “Good Reason”  shall
mean and include (i) assignment to Executive of duties materially
inconsistent with Executive’s position, (ii) requiring Executive to move
her place of employment more than 50 miles from her place of employment prior
to such move, or (iii) a material breach by the Company of this Agreement;
provided that in any such case Executive has not consented thereto.

 

If Executive
terminates her employment for Good Reason, the Company’s obligation to
Executive shall be limited solely to (i) unpaid Base Salary plus any
accrued but unpaid benefits to the effective date of termination, and any
unpaid bonus earned in accordance with the then applicable bonus plan or
program to the effective date of termination, provided that the unpaid bonus
for services rendered during the year in which the termination occurs shall not
be less than an amount equal to the product of 75% of the Executive’s Base
Salary multiplied by a fraction, the numerator of which is the number of days
she is employed by the Company during the year in which the termination occurs
and the denominator of which is 365; (ii) severance in an amount equal to
Executive’s then-current Base Salary for a period of eighteen (18) months; and (iii) if
Executive is eligible for and timely elects COBRA coverage for health insurance
coverage, payment of Executive’s COBRA premiums for the health insurance
coverage for a period of up to eighteen (18) months, payments to be made on a
monthly basis when the premiums are due. 
Executive’s rights with regard to equity incentive awards, including
stock options and restricted stock units, shall be governed by separate
applicable agreements entered into between Executive and the Company.  As a condition to her receipt of the
post-employment payments and benefits under this Section 6(c), Executive
must be in compliance with Section 5 of this Agreement, and must execute,
return, not rescind and comply with a general release of claims agreement in
favor of the Company and related entities and individuals, within the timeframe
and in a form to be 

 

8

 

prescribed by the Company.  The
amount described in clause (i) of the first sentence of this paragraph
shall be paid within ninety (90) calendar days after the date of Executive’s
termination of employment, and the severance described in clause (ii) of
the first sentence of this paragraph shall be paid in equal installments
according to the normal payroll schedule, the first payment to Executive to be
made on the next scheduled payroll date that occurs within ninety (90) days
after the date of Executive’s termination of employment, provided that, in each
case, the Company has received the signed general release of claims agreement
and Executive has not rescinded such agreement within the rescission period set
forth in such agreement.  Executive shall
have no duty to mitigate damages under this Section 6(c) during the
applicable severance period and, in the event Executive shall subsequently
receive income from providing Executive’s services to any person or entity,
including self employment income, or otherwise, then no such income shall in
any manner offset or otherwise reduce the payment obligations of the Company
hereunder.

 

Notwithstanding
anything herein to the contrary, this Section 6(c) shall not apply if
Executive terminates her employment with the Company or a succeeding entity for
Good Reason upon or within one year of a Change of Control at any time during
the Term as described in Section 7 hereof. 
In such case, Section 7 of this Agreement shall control.

 

Executive has the
right, at any time during the Term, to terminate her employment with the
Company without Good Reason (as defined above) by giving written notice to the
Company, which termination shall be effective sixty (60) calendar days from the
date of such written notice.  If
Executive terminates her employment without Good Reason, the Company’s
obligation to Executive shall be limited solely to the payment of unpaid Base
Salary accrued up to the effective date of termination plus any accrued but
unpaid bonus and benefits.

 

(d)                                 Termination Upon Disability. 
The Company shall have the right, at any time during the Term, to
terminate Executive’s employment if, during the term hereof, Executive becomes
physically or mentally disabled, whether totally or partially, as evidenced by
the written statement of a competent physician licensed to practice medicine in
the United States who is mutually acceptable to the Company and Executive, so
that Executive is unable to perform the essential functions of her job duties
hereunder, with or without reasonable accommodation, for (i) a period of
three (3) consecutive months, or (ii) for shorter periods aggregating
ninety (90) calendar days during any twelve-month period.  If the Company terminates Executive’s
employment under this Section 6(d), the Company’s obligation to Executive
shall be limited solely to the payment of unpaid Base Salary to the effective
date of termination, plus any accrued but unpaid benefits to the effective date
of termination, and any unpaid bonus earned in accordance with the then
applicable bonus plan or program to the effective date of termination, provided
that the unpaid bonus for services rendered during the year in which the
termination occurs shall not be less than an amount equal to the product of 75%
of the Executive’s Base Salary multiplied by a fraction, the numerator of which
is the number of days she is employed by the Company during the year in which
the termination occurs and the denominator of which is 365.

 

(e)                                  Termination upon Death. 
If Executive dies during the Term, this Agreement shall terminate,
except that Executive’s legal representatives shall be entitled to receive the
Base Salary and other accrued benefits earned up to the date of Executive’s
death.

 

9

 

7.                                       Change of Control.

 

(a)                                  Anything in this Agreement to the
contrary notwithstanding, if, upon or within one year of a Change of Control
(as defined below) occurring at any time during the Term, the Company or a
succeeding entity terminates Executive without Cause (as defined above) or
Executive terminates her employment for Good Reason (as defined in Section 6(c) above),
the Company or the succeeding entity’s obligation to Executive shall be (i) unpaid
Base Salary, bonus and benefits accrued up to the effective date of
termination, provided that the unpaid bonus for services rendered during the
year in which the termination occurs shall not be less than an amount equal to
the product of 75% of the Executive’s Base Salary multiplied by a fraction, the
numerator of which is the number of days she is employed by the Company during
the year in which the termination occurs and the denominator of which is 365, (ii) a
lump sum payment equal to Executive’s then-current Base Salary for a period of
thirty-six (36) months, and (iii) if Executive is eligible for and timely
elects COBRA coverage for health insurance coverage, payment of Executive’s
COBRA premiums for health insurance coverage for a period of up to eighteen
(18) months, payments to be made on a monthly basis when the premiums are
due.  In the event of a without Cause
Change of Control termination as described herein, these payments shall be in
lieu of, and not in addition to, any severance pay or benefits set forth in Section 6(b) of
this Agreement.  Notwithstanding anything
to the contrary contained herein or in any award agreement between Executive
and the Company, in the event of a Change of Control (as defined below), (i) all
unvested awards held by Executive under the Company’s 2007 Equity Incentive Plan,
including stock options and restricted stock units described in Section 3(c) and
any other subsequent awards, shall become fully vested upon the Change of
Control and, if applicable, immediately exercisable, (ii) each such award,
and each already vested award described in Section 3(c), which is a stock
option shall continue to be exercisable for the remainder of its term, and (iii) with
respect to any award under the Company’s 2007 Equity Incentive Plan that is
subject to the attainment of performance objectives or specified performance
criteria, such performance objectives and criteria shall be deemed satisfied at
the target level and any performance period shall be deemed to end as of the
date of the Change of Control.  As a
condition to her receipt of the post-employment payments and benefits under
this Section 7(a), other than the vesting of awards described in the
preceding sentence, Executive must be in compliance with Section 5 of this
Agreement, and must execute, return, not rescind and comply with a release of
claims agreement in favor of the Company, related entities and individuals and
the succeeding entity, within the timeframe and in a form to be prescribed by
the Company or a succeeding entity.  The
severance amount described in the first sentence of this paragraph shall be
paid in a lump sum within ninety (90) calendar days after the date of Executive’s
termination of employment, provided that the Company has received the signed
general release of claims agreement and Executive has not rescinded such
agreement within the rescission period set forth in such agreement.

 

(b)                                 Change of Control Defined. 
For purposes of this Agreement, a “Change of Control” shall mean the
occurrence of a “change in the ownership,” a “change in the effective control”
or a “change in the ownership of a substantial portion of the assets” of the
Company during the Term, as determined in accordance with this Section 7(b).  In determining whether an event shall be
considered a “change in the ownership,” a “change in the effective control” or
a “change in the ownership of a substantial portion of the assets” of the
Company, the following provisions shall apply:

 

10

 

(i)                                      A “change in the ownership” of the
Company shall occur on the date on which any one person, or more than one
person acting as a group (other than Tontine Capital Partners, L.P. and its
affiliates), acquires ownership of stock of the Company that, together with
stock held by such person or group, constitutes more than 50% of the total fair
market value or total voting power of the stock of the Company, as determined
in accordance with Treasury Regulation § 1.409A-3(i)(5)(v).  If a person or group is considered either to
own more than 50% of the total fair market value or total voting power of the
stock of the Company, or to have effective control of the Company within the
meaning of clause (ii) of this Section 7(b), and such person or group
acquires additional stock of the Company, the acquisition of additional stock
by such person or group shall not be considered to cause a “change in the
ownership” of the Company.

 

(ii)                                  A “change in the effective control” of
the Company shall occur on either of the following dates:

 

(A)                              The date on which any one person, or more
than one person acting as a group (other than
Tontine Capital Partners, L.P. and its affiliates), acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by
such person or persons) ownership of stock of the Company possessing 40% or
more of the total voting power of the stock of the Company, as determined in
accordance with Treasury Regulation § 1.409A-3(i)(5)(vi).  If a person or group is considered to possess
40% or more of the total voting power of the stock of the Company, and such
person or group acquires additional stock of the Company, the acquisition of
additional stock by such person or group shall not be considered to cause a “change
in the effective control” of the Company; or

 

(B)                                The date on which a majority of the
members of the Board is replaced during any 12-month period by directors whose
appointment or election is not endorsed by a majority of the members of the
Board before the date of the appointment or election, as determined in accordance
with Treasury Regulation § 1.409A-3(i)(5)(vi).

 

(iii)                               A “change in the ownership of a substantial portion of
the assets” of the Company shall occur on the date on which any one person, or
more than one person acting as a group (other than Tontine Capital Partners,
L.P. and its affiliates), acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or
more than 40% of the total gross fair market value of all of the assets of the
Company immediately before such acquisition or acquisitions, as determined in
accordance with Treasury Regulation § 1.409A-3(i)(5)(vii).  A transfer of assets shall not be treated as
a “change in the ownership of a substantial portion of the assets” when such
transfer is made to an entity that is controlled by the shareholders of the
Company, as determined in accordance with Treasury Regulation §
1.409A-3(i)(5)(vii)(B).

 

In all cases, the determination
of whether a Change of Control has occurred shall be made in accordance with Section 409A
of the Internal Revenue Code of 1986, as amended (the

 

11

 

“Code”), and
the regulations, notices and other guidance of general applicability issued
thereunder.

 

8.                                       Code Section 409A.  
Notwithstanding anything herein to the contrary, if any payments to be
made, or benefits to be provided, to Executive hereunder are subject to the
requirements of Code Section 409A and the Company determines that
Executive is a “specified employee” as defined in Code Section 409A as of
the date of the termination, then, to the extent such payments or benefits do
not satisfy the separation pay exemption described in Treasury Regulation §
1.409A-1(b)(9)(iii) or any other exemption available under Section 409A
of the Code (the “Non-Exempt Payments”), the amount of such Non-Exempt Payments
shall not be paid or commence earlier than the date that is six months after
the termination.  Any Non-Exempt Payment
not made during the six month period shall be paid in a lump sum payment on the
first day of the seventh month following termination.

 

9.                                       Successors; Assignment, Etc.;
Third Party Beneficiaries.

 

(a)                                  Executive consents to and the Company
shall have the right to assign this Agreement to its successors or
assigns.  All covenants or agreements
hereunder shall inure to the benefit of and be enforceable by or against its
successors or assigns.  The terms “successors”
and “assigns” shall include, but not be limited to, any succeeding entity upon
a Change of Control.

 

(b)                                 Neither this Agreement nor any of the
rights or obligations of Executive under this Agreement may be assigned or
delegated except as provided in the last sentence of this Section 9(b).  This Agreement and all rights of Executive
hereunder shall inure to the benefit of and be enforceable by, and shall be
binding upon, Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees, and legatees.  If Executive should die while any amounts
would still be payable to her hereunder had she continued to live, then all
such amounts (unless otherwise provided herein) shall be paid in accordance with
the terms of this Agreement to the devisee, legatee, or other designee under
Executive’s testamentary will or, if there be no such will, to Executive’s
estate.

 

10.                                 Notice. 
For purposes of this Agreement, all notices and other communications
provided for in this Agreement shall be in writing and shall be deemed to have
been duly given when delivered in person or when mailed by United States
registered or certified mail, return receipt requested, first-class postage
prepaid, addressed as follows:

 

	
  If to Executive :

  	
  If to the Company :

  
	
   

  	
   

  
	
  Ms. Stephanie Kushner

  	
  Broadwind Energy, Inc.

  
	
  124 E. Sixth Street

  	
  47 E. Chicago Avenue, Suite 332

  
	
  Hinsdale, IL 60521

  	
  Naperville, IL 60540

  
	
   

  	
  Attn: Chief Executive Officer

  

 

or to such other address
as any party may have furnished to the other in writing in accordance with this
Section 10, except that notices of any change of address shall be
effective only upon actual receipt.

 

12

 

11.                                 Miscellaneous. 
No provision of this Agreement may be modified, waived, or discharged
unless such waiver, modification, or discharge is agreed to in writing signed
by Executive and such officers as may be specifically designated by the
Board.  No waiver by either party hereto
of, or compliance with, any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of any similar or
dissimilar condition or provision at the same or any other time.  No agreements or representations (whether
oral or otherwise, express or implied) with respect to the subject matter of
this Agreement have been made by either party which are not set forth expressly
in this Agreement or which are not specifically referred to in this
Agreement.  If any term, clause,
subpart, or provision of this Agreement is for any reason adjudged to be
invalid, unreasonable, unenforceable or void, the same will be treated as
severable, shall be modified to the extent necessary to be legally enforceable
to the fullest extent permitted by applicable law, and will not impair or
invalidate any of the other provisions of this Agreement, all of which will be
performed in accordance with their respective terms.  The validity, interpretation, construction, and
performance of this Agreement shall be governed by the laws of the State of
Illinois.

 

12.                                 Validity. 
If any provision of this Agreement is held to be illegal, invalid, or
unenforceable under any present or future law or court decision, and if the
rights or obligations of the Company and Executive will not be materially and
adversely affected thereby, (a) such provision shall be fully severable
from this Agreement, (b) this Agreement shall be construed and enforced as
if such illegal, invalid, or unenforceable provision had never comprised a part
hereof, (c) the remaining provisions of this Agreement shall remain in
full force and effect and shall not be affected by the illegal, invalid, or
unenforceable provision or by its severance herefrom, and (d) in lieu of
such illegal, invalid, or unenforceable provision, there shall be added
automatically as a part of this Agreement a legal, valid, and enforceable
provision as similar to the terms and intent of such illegal, invalid, or
unenforceable provision as may be possible.

 

13.                                 Counterparts. 
This Agreement may be executed in several counterparts, each of which
shall be deemed to be an original but all of which together shall constitute
one and the same instrument.

 

14.                                 Litigation. 
The parties agree that the exclusive venue for any litigation commenced
by the Company or Executive relating to this Agreement shall be the state
courts located in DuPage County, Illinois and the United States District
Court, Northern District of Illinois. 
The parties waive any rights to object to venue as set forth herein,
including any argument of inconvenience for any reason.

 

15.                                 Entire Agreement. 
This Agreement constitutes (i) the binding agreement between the
parties and (ii) represents the entire agreement between the parties and
supersedes all prior agreements relating to the subject matter contained
herein. All prior negotiations concerning Executive’s employment with the
Company have been merged into this Agreement and are reflected in the terms
herein.

 

13

 

IN
WITNESS WHEREOF,
the parties have duly executed and delivered this Agreement as of July 29,
2009.

 

	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephanie Kushner

  
	
   

  	
  Name:  Stephanie
  Kushner

  
	
   

  	
   

  
	
   

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  BROADWIND ENERGY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. Cameron Drecoll

  
	
   

  	
  Name:  J.
  Cameron Drecoll

  
	
   

  	
  Title:    Chief Executive Officer

  

 

14

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