EQUIPMENT LINE NOTE (Non-Revolving Line With Conversion)Broadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
The undersigned, BRAD FOOTE GEAR WORKS, INC., f/k/a BFG Acquisition Corp., an Illinois corporation (the “Borrower”), with its chief executive office located at 1309 S. Cicero Avenue, Cicero, Illinois 60650, for value received, hereby promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI, a national banking association (collectively, together with any holder hereof, the “Bank”), at the Bank’s main offices at 135 South LaSalle Street, Chicago, Illinois 60603, or such other address hereafter designated by the Bank in writing, the principal sum of Nine Million and 00/100 ($9,000,000.00) Dollars (U.S.) or if less, the aggregate unpaid principal amount of all advances (“Advances”) made by the Bank to the Borrower under this Note, plus all accrued and unpaid interest calculated and payable at the applicable rates and in the manner described below. Amounts borrowed and repaid under this Note may not be reborrowed.
GUARANTYBroadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce Lender (with its participants, successors and assigns), at its option, at any time or from time to time to make loans or extend other accommodations to or for the account of Tower Tech Systems Inc. (Borrower) or to engage in any other transactions with Borrower, the Guarantor hereby absolutely and unconditionally guarantees to the Lender the full and prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise, of the debts, liabilities and obligations described as follows:
AMENDED AND RESTATED RENEWAL REVOLVING NOTEBroadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
On or before June 30, 2008 (the “Maturity Date”), the undersigned, BRAD FOOTE GEAR WORKS, INC., f/k/a BFG Acquisition Corp., an Illinois corporation (the “Borrower”), with its chief executive office located at 1309 S. Cicero Avenue, Cicero, Illinois 60804, for value received, hereby promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI, a national banking association (collectively, together with any holder hereof, the “Bank”), at the Bank’s main offices at 135 South LaSalle Street, Chicago, Illinois 60603, or such other address hereafter designated by the Bank in writing, the principal sum of Ten Million and 00/100 ($10,000,000.00) Dollars (U.S.), or if less, the aggregate unpaid principal amount of all advances (“Advances”) made by the Bank to the Borrower under this Note, plus all accrued and unpaid interest calculated and payable at the applicable rates and in the manner described below. Except as otherwise specifically p
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS LOAN AND SECURITY AGREEMENT (herein “Agreement”) dated as of January 17, 1997 between BFG ACQUISITION CORP., an Illinois corporation (hereafter, the “Borrower”) 1309 S. Cicero Avenue, Cicero, Illinois 60650 and LASALLE BANK NI, an Illinois state banking corporation (hereafter, the “Lender”), 3201 N. Ashland Avenue, Chicago, Illinois 60657.
BORROWER NAME AND ADDRESS LENDER NAME AND ADDRESS LOAN DESCRIPTIONBroadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
Tower Tech Systems Inc. 101 S. 16th St., P.O. Box 1957 Manitowoc, WI 54221-1957 Investors Community Bank 860 N. Rapids Road P.O. Box 700 Manitowoc, WI 54221-0700 Number 44938101 mas Amount $2,500,000.00 Date 10-04-2007
TWENTY-EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS TWENTY-EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of April 11, 2008 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI (“Lender”).
AGREEMENT GOVERNING EXTENSIONS OF CREDITAgreement Governing Extensions of Credit • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products • Wisconsin
TWENTY-THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS TWENTY-THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of October 4, 2007 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI (“Lender”).
THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
This Third Amendment to Loan and Security Agreement is dated as of March 30, 1998 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE NATIONAL BANK formerly known as LaSalle Bank NI (“Lender”).
FOURTH AMENDMENT TO LOAN AND SECRITYAGREFMENTLoan and Secrityagrefment • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
This Fourth Amendment to Loan and Security Agreement is dated as of December 1, 1998 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE NATIONAL BANK formerly known as LaSalle Bank NI (“Lender”).
AGREEMENT GOVERNING EXTENSIONS OF CREDITAgreement Governing Extensions of Credit • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products • Wisconsin
COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
This Commercial Security Agreement (Security Agreement) is an Addendum to a Commercial Loan Agreement, dated 10-04-2007, (Loan Agreement) between Tower Tech Systems Inc. (Borrower) and Lender. This Security Agreement is further governed by the terms of the Loan Agreement, where applicable. References in this Addendum to terms defined in the Loan Agreement shall have the definitions given to them in the Loan Agreement, unless otherwise indicated. Debtor and Borrower may be the same. Where Borrower and Debtor are not the same, Debtor means the owner of the Property subject to this Security Agreement and Borrower means the obligor on the Loan Agreement.
BORROWER NAME AND ADDRESS LENDER NAME AND ADDRESS LOAN DESCRIPTIONBroadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
Tower Tech Systems Inc. 101 S. 16th St., P.O. Box 1957 Manitowoc, WI 54221-1957 Investors Community Bank 860 N. Rapids Road P.O. Box 700 Manitowoc, WI 54221-0700 Number 44938102 mab Amount $ 5,500,000.00 Date 03-21-2008
TWENTY-SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS TWENTY-SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of June 30, 2007 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI (“Lender”).
FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT is dated as of June 1, 1999 between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI (“Lender”).
CONSOLIDATED TERM NOTEBroadwind Energy, Inc. • April 15th, 2008 • Fabricated structural metal products
FOR VALUE RECEIVED, the undersigned, BRAD FOOTE GEAR WORKS, INC., f/k/a BFG Acquisition Corp., an Illinois corporation (the “Borrower”), with its chief executive office located at 1309 S. Cicero Avenue, Cicero, Illinois 60650, hereby promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank, f/k/a LaSalle Bank NI, a national banking association (collectively, together with any holder hereof, the “Bank”), at the Bank’s main offices at 135 South LaSalle Street, Chicago, Illinois. 60603, or such other address hereafter designed by the Bank in writing, the principal sum of Seven Million Eight Hundred Ninety Nine Thousand Three Hundred Thirty Two and 98/100 ($7,899,332.98) Dollars (U.S.) in fifty-nine (59) equal successive monthly installments of principal of $131,655.55, commencing on February 28, 2006 and continuing on the last Business Day of each month thereafter, to and including December 31, 2010, followed by a final payment of the entire remaining
LEASE AGREEMENTLease Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS AGREEMENT is entered into this 26th day of December, 2007, by and between City Centre LLC of 100 Maritime Dr., Suite 3C Manitowoc, WI 54220 (herein after Lessor) and Tower Tech Systems, Inc. of 200 S. 16th Street, Manitowoc, WI 54220 (herein after Lessee).
NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT is dated as of April 30, 2002, between BRAD FOOTE GEAR WORKS, INC. f/k/a BFG Acquisition Corp., an Illinois corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION f/k/a LaSalle National Bank f/k/a LaSalle Bank NI (“Lender”).
FIRST AMENDMENT TO LEASE AGREEMENTLease Agreement • April 15th, 2008 • Broadwind Energy, Inc. • Fabricated structural metal products
THIS FIRST AMENDMENT TO LEASE AGREEMENT (“First Amendment”) is made and entered into between City Centre, L.L.C. a Wisconsin Limited Liability Company (hereinafter “Landlord”, and Tower Tech Systems, A Wisconsin Corporation (hereinafter “Tenant”).
