LETTER AGREEMENT MODIFYING THE TERMS OF CERTAIN LOAN DOCUMENTS BY AND AMONG GREAT WESTERN BANK, LENDER, TOWER TECH SYSTEMS INC., BORROWER, AND BROADWIND ENERGY, INC., GUARANTORLetter Agreement Modifying Loan Documents • July 14th, 2009 • Broadwind Energy, Inc. • Nonferrous foundries (castings)
This Letter Agreement (“Agreement”) dated April 28, 2009, by and among Great Western Bank (“Lender”), Tower Tech Systems Inc. (“Borrower”) and Broadwind Energy, Inc. (“Guarantor”) is intended to modify certain terms, provisions, and conditions of certain loan documents (the “Loan Documents”), each dated of even date herewith, executed in connection with that certain construction loan (the “Loan”) being made by Lender to Borrower for the purpose of constructing a manufacturing facility in Brandon, South Dakota (the “Project”) on land legally described on Exhibit A attached hereto. Repayment of the Loan is to be guarantied by Guarantor to the extent provided in the Guaranty.
