0001144204-11-020558 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • April 6th, 2011 • Titan Energy Worldwide, Inc. • Power, distribution & specialty transformers • New York

THIS AGREEMENT dated as of December 18, 2009, is made and entered into between Titan Energy Systems, Inc. a Minnesota corporation (the "Company"), and Clifford Macaylo, a resident of New Jersey (the "Employee"). The Company and the Employee agree as follows:

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CHANGE IN TERMS AGREEMENT
Business Loan Agreement • April 6th, 2011 • Titan Energy Worldwide, Inc. • Power, distribution & specialty transformers • Minnesota

Reference in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.

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