Document:

Control Agreement

 Exhibit 10.7 
 CONTROL AGREEMENT 
 THIS CONTROL AGREEMENT (the “Agreement”) is made
as of the              day of May, 2008, by and among MANUFACTURERS AND TRADERS TRUST COMPANY (“Lender”), ACCESS WORLDWIDE COMMUNICATIONS, INC.
(“Borrower”), and M&T SECURITIES (“Broker”). 
 BACKGROUND 
 A. Broker has established and is maintaining a securities, custodial, trust, trading or similar account, Account No. AZD-590628 in the name
of Borrower (as such account may be renumbered or retitled, the “Account”). 
 B. Borrower and the Lender have
entered into a certain Loan and Security Agreement dated August 8, 2007, as amended (the “Loan Agreement”) pursuant to which Borrower extended to Lender a certain $8,000,000 revolving credit facility. Borrower’s
obligations under the Loan Agreement are secured by a pledge of Borrower’s grant of a security interest in and to certain financial assets and investment property, including without limitation, the Account, all financial assets or investment
property credited to the Account and all additions, substitutions, replacements, proceeds, income, dividends and distributions thereon (collectively, the “Collateral”). 
 C. The parties hereto are entering into this Agreement to perfect the security interest of the Lender in the Collateral, and to provide for the
control of the Collateral. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
 AGREEMENT 
 1. Notice of Security Interest. Broker hereby acknowledges that this Agreement constitutes written notification to the Broker,
pursuant to Articles 8 and 9 of the Uniform Commercial Code (as adopted and enacted and in effect from time to time in the States of New York and Delaware, the “UCC”) and applicable federal regulations for the Federal Reserve
Book Entry System, of the Lender’s security interest in the Collateral. Broker, Borrower and Lender are also entering into this Agreement to provide for the Lender’s control of the Collateral and to perfect, and confirm the priority of,
the Lender’s security interest in the Collateral. 
 2. Representations and Warranties. Broker hereby represents
and warrants to and covenants with Lender as follows: 
 2.1 Broker maintains the Collateral, including without
limitation the Account, for Borrower and the Collateral is, and will remain, in the Broker’s possession. 

 2.2 All property credited or deposited to the Account, and all other rights of
Borrower against Broker arising out of the Account, including any free credit balances, will be treated as “financial assets” under Article 8 of the UCC. 
 2.3 No third party has a right to give an entitlement order regarding financial assets in the Account. Broker will not agree with
any third party that Broker will comply with entitlement orders originated by the third party. 
 2.4 Broker
(i) recognizes the security interest granted under the Loan Agreement by Borrower to Lender in the Collateral, and (iii) has marked its books and records to reflect the security interest of the Lender in the Collateral. 
 2.5 Broker will not advance any margin or other credit to the Borrower in the Account, either directly or by allowing the Borrower
to trade in instruments such as options and commodities contracts that create similar obligations, nor hypothecate any securities now or during the term of this Agreement contained in the Account. 
 2.6 Broker has not previously taken, or granted, a security interest in any of the Collateral, and Broker has not been notified of
any other security interest in or encumbrance on any of the Collateral. 
 2.7 Broker hereby waives and releases all
liens, claims, encumbrances and rights of setoff it may have against any of the Collateral, and agrees that, except for the payment of its normal and customary fees and commissions, it will not assert any such lien, claim, encumbrance or right of
setoff against any of the Collateral. 
 3. Control. Broker will comply with entitlement orders or any other directions
or instructions of any kind, respecting the Collateral originated by the Lender, without requiring further consent by the Borrower. Until the Lender notifies the Broker that (i) an Event of Default (as defined in the Loan Agreement) has
occurred and is continuing, and (ii) the Lender is exercising exclusive control over the Collateral, including without limitation the Account, (a “Notice of Exclusive Control”), and except as otherwise provided in
Section 8 hereof, Broker may comply with instructions originated by the Borrower to purchase and sell securities included in the Collateral, and with respect to entitlement orders with respect to the Account, and shall make trades
of financial assets or other Collateral held in the Account pursuant to such instructions. Upon Broker’s receipt of a Notice of Exclusive Control, Broker will immediately cease complying with orders or instructions originated by the Borrower
concerning the Account or the Collateral. 
 4. No Withdrawals. Notwithstanding the provisions of
Section 3 above, Broker shall not accept nor shall it comply with any entitlement order originated by Borrower regarding the withdrawal of any financial asset or other Collateral from the Account, nor shall it deliver any such
Collateral to Borrower without the express prior written consent of the Lender. 
  

 -2- 

 5. Additional Undertakings of Broker. Broker hereby agrees with the Lender and the
Borrower that until otherwise notified by the Lender in writing, Broker: (a) will mail any statements regarding the Collateral to the Lender at the same time such are mailed to Borrower, to the address for the Lender provided in
Section 16 hereof or as otherwise provided by Lender in writing, (b) will act as agent and bailee for the Lender, under Lender’s sole direction, for the purposes stated herein (c) will not take any action which
would adversely affect Lender’s interest in the Collateral, including without limitation making loans to the Borrower, taking (other than for the sole purpose of securing repayment of expenses incurred by Broker in connection with the Account),
or granting, a security interest in any of the Collateral or setting off against any of it, without prior written consent from the Lender, and (d) will not acknowledge or otherwise accept instructions to exert any control over to identify, by
book entry or other means, any assignment or grant of a security interest in any of the Collateral to any person or entity other than the Lender, and shall promptly notify Lender if any person or entity asserts a lien, encumbrance or adverse claim
against any of the Collateral. 
 6. Subordination of Broker’s Security Interest. Broker subordinates in favor of
Lender any security interest, lien or right of setoff Broker may have, now or in the future, against the Collateral, including without limitation, the Account or financial assets in the Account, except that Broker will retain its prior lien on
financial assets in the Account to secure payment for financial assets purchased for the Account and normal commissions and fees for the Account. 
 7. Brokers Expenses. All expenses incurred by Broker, in the ordinary course of its administration of the Account will be Borrower’s sole responsibility but may be repaid from the Account until such time as the
Lender provides a Notice of Exclusive Control to the Broker and after such Notice, Broker’s expenses will not be repaid from the Account until all of the Borrower’s obligations to the Lender have been indefeasibly repaid in full.

 8. Responsibility of Broker. Except for permitting a withdrawal or payment in violation of Sections 3 or
4 above or advancing margin or other credit to Borrower in violation of Section 5 above, Broker shall have no responsibility or liability to Lender for making trades of financial assets held in the Account at the
instruction of Borrower, or its authorized representatives, or complying with entitlement orders concerning the Account originated by the Lender. Broker shall have no duty to investigate or make any determination as to whether an Event of Default
exists and shall comply with a Notice of Exclusive Control even if it believes that an Event of Default does not exist. Neither this Agreement nor the Loan Agreement imposes or creates any obligation or duty of Broker other than those expressly set
forth herein. 
 9. Tax Reporting. All items of income, gain, expense and loss recognized in the Account shall be
reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Borrower. 
 10. Termination. The rights and powers granted herein to Lender have been granted in order to perfect its security interest in the Collateral, are powers coupled with an interest and will neither be affected by the
death or bankruptcy of Borrower nor by the lapse of time. The obligations of Broker under Sections 3, 4, 5 and 6 above shall continue in effect until the security interest of the 

  

 -3- 

 
Lender in the Collateral has been terminated pursuant to the terms of the Loan Agreement and Lender has notified Broker of such termination in writing. Upon
receipt of such notice, the obligations and maintenance of the Collateral after the receipt of such notice shall terminate, Lender may take such steps as Borrower may request to vest full ownership and control of the Collateral in transferring all
of the financial assets and credit balances in the Account to another securities account in the name of Borrower or his designee. 
 11. Integration. This Agreement, the schedules and exhibits hereto and the agreements and instruments required to be executed and delivered hereunder set forth the entire agreement of the parties with respect to the
subject matter hereof and supersede and discharge all prior agreements (written or oral) and negotiations and all contemporaneous oral agreements concerning such subject matter and negotiations. There are no oral conditions precedent to the
effectiveness of this Agreement. 
 12. Amendments. No amendment, modification or termination of this Agreement or
waiver of any right hereunder shall be binding on any party hereto unless it is in writing and is signed by the party to be charged. 
 13. Severability. If any term or provision set forth in this Agreement shall be invalid or unenforceable, the remainder of this Agreement, or the application of such terms or provisions to persons or circumstances,
other than those to which it is held invalid or unenforceable, shall be construed in all respects as if such invalid or unenforceable term or provision were omitted. 
 14. Successors. The term of this Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors or heirs and personal representatives.

 15. Rules of Construction. In this Agreement, words in the singular number include the plural, and in the plural
include the singular, words of the masculine gender include the feminine and the neuter, and when the sense so indicates words of the neuter gender may refer to any gender and the word “or” is disjunctive but not exclusive. The captions
and section numbers appearing in this Agreement are inserted only as a matter of convenience. They do not define, limit or describe the scope or intent of the provisions of this Agreement. 
 16. Notices. Any demand or notice hereunder or under any applicable law pertaining hereto shall be in writing and duly given if
delivered to Borrower, Lender or Broker at the address set forth below. Such notice or demand shall be deemed sufficiently given for all purposes when delivered (a) by personal delivery and shall be deemed effective when delivered, or
(b) by mail or courier and shall be deemed effective three (3) Business Days after deposit in an official depository maintained by the United States Post Office for the collection of mail or one (1) business day after delivery to a
nationally recognized overnight courier service (e.g., Federal Express). Notice by e-mail is not valid notice under this or any other agreement between Borrower, Lender and Broker. 
  

 -4- 

 To Borrower: 
 Access Worldwide Communications, Inc. 
 301 Yamato Road 
 Suite 2110 
 Boca Raton, FL 33431 
 Attention: Richard Lyew, Chief Financial Officer 
 With a copy to: 
 Access Worldwide Communications, Inc. 
 301 Yamato Road 
 Suite 2110 
 Boca Raton, FL 33431 
 Attention: Mark Wright, General Counsel 
 To Lender: 
 Manufacturers and Traders Trust Company 
 One M&T Plaza 
 Buffalo, NY 14240 
 Attention: Office of General Counsel 
 With a copy to: 
 M&T Lender 
 601 Dresher Road, 3rd Floor 
 Horsham, PA 19044 
 Attention: William Moul, Jr., Vice President 
 To Broker: 
 M&T Securities 
 ____________________________ 
 ____________________________ 
 Attention:____________________ 
 ALL “PAYMENT IN FULL” CHECKS OR OTHER MEDIA OF PAYMENT MUST BE SENT TO LENDER ONLY TO THE ABOVE ADDRESS OR SUCH OTHER ADDRESS DESIGNATED BY LENDER BY NOTICE
IN ACCORDANCE WITH THIS SECTION. 
 17. Governing Law; Jurisdiction. This Agreement has been delivered to and accepted by
Lender and shall be deemed to be made in the State of New York. This Agreement shall be interpreted in accordance with the laws of the State of New York excluding its conflict of laws rules. BORROWER AND BROKER HEREBY IRREVOCABLY CONSENT TO THE
EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT IN THE STATE OF NEW YORK IN A COUNTY OR JUDICIAL DISTRICT WHERE LENDER MAINTAINS A BRANCH, AND CONSENT THAT LENDER MAY EFFECT ANY SERVICE OF PROCESS IN THE MANNER AND AT BORROWER’S AND
BROKER’S ADDRESS SET FORTH ABOVE 

  

 -5- 

 
FOR PROVIDING NOTICE OR DEMAND; PROVIDED THAT NOTHING CONTAINED IN THIS AGREEMENT SHALL PREVENT LENDER FROM BRINGING ANY ACTION, ENFORCING ANY
AWARD OR JUDGMENT OR EXERCISING ANY RIGHTS AGAINST BORROWER OR BROKER, AGAINST ANY SECURITY OR AGAINST ANY PROPERTY OF BORROWER OR BROKER WITHIN ANY OTHER COUNTRY, STATE OR FOREIGN OR DOMESTIC JURISDICTION. Borrower and Broker acknowledge and
agree that the venue provided above is the most convenient forum for Lender, Borrower and Broker. Borrower and Broker waive any objection to venue and any objection based on a more convenient forum in any action instituted under this Agreement.

 18. Counterparts; Facsimile Signatures. This Agreement and any notice or communication under this Agreement may be
executed in one or more counterparts, each of which shall constitute an original, but all of which together shall constitute one and the same instrument. Delivery of a photocopy or telecopy of an executed counterpart of a signature page to this
Agreement shall be effective as delivery of a manually executed counterpart of this Agreement. 
 IN WITNESS WHEREOF, intending to be
legally bound hereby the parties hereto have entered into this Control Agreement on the              day of May, 2008. 
  

			
	BROKER:
	
	M&T SECURITIES
		
	By: 	 	 

			
	Name/Title: 	 	 

			
	[Address]: 	 	 

			
	
	BORROWER:
	
	 ACCESS WORLDWIDE
 COMMUNICATIONS,
INC.

	
	 

			
	Name/Title: 	 	 

			
	[Address]: 	 	 

			
	
	LENDER:
	
	MANUFACTURERS AND TRADERS TRUST COMPANY
	
	 

			
	Name/Title: 	 	 

			
	[Address]: 	 	 

  

 -6-Form of Restricted Stock Agreement

 Exhibit 10.1 
 Restricted Stock Agreement 
 This Restricted Stock Agreement (this “Agreement”) is entered
into, effective as of this      day of                     , 200   (the “Grant Date”),
between American Superconductor Corporation, a Delaware corporation (the “Company”), and                      (the
“Employee”). 
 For valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 
 1. Issuance of Shares. 
 Effective as
of the Grant Date, the Company shall issue to the Employee, subject to the terms and conditions set forth in this Agreement and in the Company’s 2007 Stock Incentive Plan (the “Plan”),
             shares (the “Shares”) of common stock, $.01 par value, of the Company (“Common Stock”). The Shares shall be issued to the Employee in consideration
of employment services rendered by the Employee to the Company. As promptly as practicable following the Grant Date, the Company shall issue one or more certificates in the name of the Employee for the Shares. The Employee agrees that the Shares
shall be subject to the forfeiture provisions set forth in Section 3 of this Agreement and the restrictions on transfer set forth in Section 4 of this Agreement. 
 2. Vesting. 
 Subject to the terms and
conditions of this Agreement, the Shares shall vest in full upon the achievement of
                                        
(the “Performance Measure”) between                      and
                     (the “Performance Period”). In addition, the vesting of the Shares is conditioned upon the Employee’s
continuous employment by the Company from the Grant Date through the satisfaction of the Performance Measure. The determination as to whether the Performance Measure has been attained shall be determined by the [Compensation Committee of the] Board
of Directors of the Company. No Shares will vest if the Performance Measure is not met. 
 Notwithstanding the foregoing, in the event of a
Change in Control (as defined below) of the Company, and provided that the Employee remains continuously employed by the Company until the effective date of such Change in Control, all unvested Shares granted under this Agreement shall become
immediately vested on the effective date of the Change in Control. 
 For purposes of the Agreement, a “Change in Control” shall be
deemed to have occurred upon the occurrence of the following events: (i) any “person”, as such term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than
the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Company, or any corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportion as their ownership
of stock of the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the
Company’s then outstanding securities; (ii) during any period of two consecutive years ending during the term of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company, and any new
director (other than a director designated by a person who has entered into an agreement with the Company to effect any 

  

 -1- 

 
transaction described in clause (i), (iii) or (iv) of this Section 2) whose election by the Board of Directors or nomination for election by
the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who were either directors at the beginning of the period or whose election or whose nomination for election was previously so
approved (collectively, the “Disinterested Directors”), cease for any reason to constitute a majority of the Board of Directors; (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than
a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity)
more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (iv) the stockholders of the Company approve a plan of complete
liquidation of the Company or there occurs the sale or disposition by the Company of all or substantially all of the Company’s assets. 
 3. Forfeiture of Unvested Shares. 
 In the event that either (a) the Employee ceases to be employed by the Company for
any reason or no reason, with or without cause, or (b) Shares remain unvested at the end of the Performance Period, all of the Shares that are unvested as of such time shall be forfeited immediately and automatically to the Company, without the
payment of any consideration to the Employee, effective as of such termination of employment or the end of the Performance Period, as the case may be. The Employee shall have no further rights with respect to any Shares that are so forfeited. For
purposes of the Agreement, employment with the Company shall include employment with a parent or subsidiary of the Company. 
 4.
Restrictions on Transfer. 
 The Employee shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation
of law or otherwise (collectively “transfer”) any unvested Shares, or any interest therein, except that the Employee may transfer unvested Shares (i) to or for the benefit of any spouse, child or grandchild of the Employee, or to a
trust for their benefit, provided that such Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section 4)
and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement or (ii) as a part of the sale
of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation), provided that, in accordance with Section 9 of the Plan, the securities or other property received by the Employee in
connection with such transaction upon conversion of or in exchange for Shares that are not then vested shall remain subject to this Agreement. 
 5. Escrow. 
 The Employee shall, upon the execution of this Agreement, execute Joint Escrow Instructions in the form attached
to this Agreement as Exhibit A. The Joint Escrow Instructions shall be delivered to the Chief Financial Officer of the Company, as escrow agent thereunder. The Employee shall deliver to such escrow agent a stock assignment duly endorsed in
blank, in 

  

 -2- 

 
the form attached to this Agreement as Exhibit B, and hereby instructs the Company to deliver to such escrow agent, on behalf of the Employee, the
certificates(s) evidencing the Shares issued hereunder. Such materials shall be held by such escrow agent pursuant to the terms of such Joint Escrow Instructions. 
 6. Restrictive Legends. 
 All certificates representing Shares shall have affixed thereto a legend in
substantially the following form, in addition to any other legends that may be required under federal or state securities law: 
 “The
shares of stock represented by this certificate are subject to forfeiture provisions and restrictions on transfer set forth in a certain Restricted Stock Agreement between the corporation and the registered owner of these shares (or his predecessor
in interest), and such Agreement is available for inspection without charge at the office of the Secretary of the corporation.” 
 7.
Withholding Taxes; Section 83(b) Election. 
 [Alternative 1] 
 (a) Within one business day of the date of issuance of the Shares or within three business days of the date of vesting of the Shares, as applicable, the
Employee shall pay to the Company in cash the amount of any federal, state or local taxes of any kind required by law to be withheld by the Company in connection with the issuance or vesting of the Shares. The Employee acknowledges and agrees that
the Company has the right to deduct from payments of any kind otherwise due to the Employee the amount of any such taxes. 
 [Alternative 2]

 (a) Within one business day of the date of issuance of the Shares or within three business days of the date of vesting of the Shares, as
applicable, the Employee shall either (a) pay to the Company in cash, or (b) deliver shares of Common Stock, including Shares creating the withholding tax obligations, valued at their Fair Market Value (as defined in the Plan), in the amount of any
federal, state or local taxes of any kind required by law to be withheld by the Company in connection with the issuance or vesting of the Shares. The Employee acknowledges and agrees that the Company has the right to deduct from payments of any kind
otherwise due to the Employee the amount of any such taxes. Except as otherwise provided by the [Compensation Committee of the] Board of Directors of the Company, the total tax withholding where stock is being used to satisfy such tax obligations
cannot exceed the Company’s minimum statutory withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such supplemental taxable income). Shares of
Common Stock and/or Shares surrendered to satisfy tax withholding requirements cannot be subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements. 
 (b) The Employee has had an opportunity to obtain the advice of the Employee’s own tax advisors prior to executing this Agreement and fully
understands and agrees to the provisions hereof. The Employee acknowledges that he has been informed of the availability of making an election in accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended; that such election
must be filed with the Internal Revenue Service within 30 days of the issuance of the Shares to the Employee; and that the Employee is solely responsible for evaluating the tax implications to the Employee or his or her acquisition of the Shares
under this Agreement and for making such election if he or she so chooses. 
 8. Miscellaneous. 
 (a) No Rights to Employment. Nothing contained in this Agreement shall be construed as giving the Employee any right to be retained, in any
position, as an employee of the Company. The Employee further acknowledges and agrees that the transactions contemplated hereunder and the vesting provisions set forth herein do not constitute an express or implied process of continued engagement as
an employee until the Shares vest, for any period of time, or at all. 
 (b) Provisions of the Plan. This Agreement is subject to the
provisions of the Plan, a copy of which has been furnished to the Employee. 
 (c) Severability. The invalidity or unenforceability of
any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 
  

 -3- 

 (d) Waiver. Any provision for the benefit of the Company contained in this Agreement may be
waived, either generally or in any particular instance, by the Board of Directors of the Company. 
 (e) Binding Effect. This
Agreement shall be binding upon and inure to the benefit of the Company and the Employee and their respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the restrictions on transfer set forth in
Section 4 of this Agreement. 
 (f) Notice. All notices required or permitted hereunder shall be in writing and deemed
effectively given upon personal delivery or five days after deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto at the address shown beneath his or its respective signature
to this Agreement, or at such other address or addresses as either party shall designate to the other in accordance with this Section 8(f). 
 (g) Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, vice
versa. 
 (h) Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties, and supersede all
prior agreements and understandings, relating to the subject matter of this Agreement. 
 (i) Amendment. This Agreement may be amended
or modified only by a written instrument executed by both the Company and the Employee. 
 (j) Governing Law. This Agreement shall be
construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of law. 
  

 -4- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
  

			
	AMERICAN SUPERCONDUCTOR CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	Address:	 	64 Jackson Road
		 	Devens, MA 01434
	
	  

	[Name of Employee]
		
	Address:	 	  

		 	  

  

 -5- 

 Exhibit A 
 AMERICAN SUPERCONDUCTOR CORPORATION 
 Joint Escrow Instructions 
                     , 200  

 David Henry 
 SVP, CFO & Treasurer 
 American Superconductor Corporation 
 64 Jackson Road 
 Devens, MA 01434 
 Dear Sir: 
 As Escrow Agent for the American Superconductor Corporation, a Delaware corporation (the “Company”), and the undersigned person
(“Holder”), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Restricted Stock Agreement (the “Agreement”) of even date herewith, to which a copy of these Joint
Escrow Instructions is attached, in accordance with the following instructions: 
 1. Appointment. Holder irrevocably authorizes the
Company to deposit with you any certificates evidencing Shares (as defined in the Agreement) to be held by you hereunder and any additions and substitutions to said Shares. For purposes of these Joint Escrow Instructions, “Shares” shall be
deemed to include any additional or substitute property. Holder does hereby irrevocably constitute and appoint you as his attorney-in-fact and agent for the term of this escrow to execute with respect to such Shares all documents necessary or
appropriate to make such Shares negotiable and to complete any transaction herein contemplated. Subject to the provisions of this paragraph 1 and the terms of the Agreement, Holder shall exercise all rights and privileges of a stockholder of the
Company while the Shares are held by you. 
 2. Forfeiture of Shares. Upon any forfeiture of the Shares to the Company pursuant to the
Agreement, the Company shall give to Holder and you a written notice specifying the number of Shares forfeited. Upon receipt of such notice, you are directed (i) to date the stock assignment form or forms necessary for the transfer of the
forfeited Shares to the Company, (ii) to fill in on such form or forms the number of Shares being forfeited, and (iii) to deliver the same, together with the certificate or certificates evidencing the forfeited Shares, to the Company.

 3. Withdrawal. The Holder shall have the right to withdraw from this escrow any Shares which have vested in accordance with the
Agreement, provided any required tax withholding payments have been made. 
  

 -6- 

 4. Duties of Escrow Agent. 
 (a) Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 
 (b) You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or
refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do hereunder as Escrow Agent
or as attorney-in-fact of Holder while acting in good faith and in the exercise of your own good judgment, and any act done or omitted by you pursuant to the advice of your own attorneys shall be conclusive evidence of such good faith. 

(c) You are hereby expressly authorized to disregard any and all warnings given by any of the parties hereto or by any other person or entity,
excepting only orders or process of courts of law, and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such order, judgment or decree of any court, you shall not
be liable to any of the parties hereto or to any other person or entity by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been
entered without jurisdiction. 
 (d) You shall not be liable in any respect on account of the identity, authority or rights of the parties
executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 
 (e) You shall be entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder and may rely upon the advice of such counsel. 
 (f) Your rights and responsibilities as Escrow Agent hereunder shall terminate if (i) you cease to be Chief Financial Officer of the Company or
(ii) you resign by written notice to each party. In the event of a termination under clause (i), your successor as Chief Financial Officer shall become Escrow Agent hereunder; in the event of a termination under clause (ii), the Company shall
appoint a successor Escrow Agent hereunder. 
 (g) If you reasonably require other or further instruments in connection with these Joint
Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments. 
 (h) It is
understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to
anyone all or any part of said securities until such dispute shall have been settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal
has expired and no appeal has been perfected, but you shall be under no duty whatsoever to institute or defend any such proceedings. 
  

 -7- 

 (i) These Joint Escrow Instructions set forth your sole duties with respect to any and all matters
pertinent hereto and no implied duties or obligations shall be read into these Joint Escrow Instructions against you. 
 (j) The Company
shall indemnify you and hold you harmless against any and all damages, losses, liabilities, costs, and expenses, including attorney’s fees and disbursements, for anything done or omitted to be done by you as Escrow Agent in connection with this
Agreement or the performance of your duties hereunder, except such as shall result from your gross negligence or willful misconduct. 
 5.
Notice. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail with postage and fees
prepaid, addressed to each of the other parties thereunto entitled at the following addresses, or at such other addresses as a party may designate by ten days’ advance written notice to each of the other parties hereto. 
  

			
	COMPANY:	  	 American Superconductor Corporation
 64 Jackson Road

 Devens, MA 01434

		
	HOLDER:	  	 Notices to Holder shall be sent to the address set
 forth below Holder’s signature below.

		
	ESCROW AGENT:	  	 American Superconductor Corporation
 64 Jackson Road

 Devens, MA 01434
 Attn: Chief Financial
Officer

 6. Miscellaneous. 
 (a) By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions, and you do not become a
party to the Agreement. 
  

 -8- 

 (b) This instrument shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. 
  

			
	Very truly yours,
	
	AMERICAN SUPERCONDUCTOR CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
		
		 	HOLDER:
		
		 	  

		 	(Signature)
		
		 	  

		 	Print Name
		
		 	Address:
		
		 	  

		
		 	  

  

	
	ESCROW AGENT:
	
	  

  

 -9- 

 Exhibit B 
 Stock Assignment 
 FOR VALUE RECEIVED, I hereby sell, assign and transfer unto
             (            ) shares of Common Stock, $0.01 par value per share, of
             (the “Corporation”) standing in my name on the books of the Corporation represented by Certificate(s) Number
             herewith, and do hereby irrevocably constitute and appoint              attorney to
transfer the said stock on the books of the Corporation with full power of substitution in the premises. 
  

							
		  		 	Dated:	 	  

			
	IN PRESENCE OF	  		 	  

			
		  		 	  

 NOTICE: The signature(s) to this assignment must correspond with the name as written upon the face
of the certificate, in every particular, without alteration, enlargement, or any change whatever and must be guaranteed by a commercial bank, trust company or member firm of the Boston, New York or Midwest Stock Exchange. 
  

 -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]