Exhibit 10.25
 
 
Waiver and Release

 
This Waiver (this “Waiver”) is made as of October 27, 2010, between CleanTech
Innovations, Inc., a Nevada corporation (the “Company”), and Wenge Chen
(“Chen”).
 
In consideration of the release by the Company below, Chen hereby consents and
agrees to waive all rights to the payment of RMB 5,690,100 due under the
Approval on Share Transfer Regarding Creative Bellows Manufacture Co., Ltd.,
dated September 15, 2010, from the Department of Foreign Trade and Economic
Cooperation of Liaoning Province.
 
In consideration for the execution of the Waiver, Company does hereby release
and forever discharge Chen and his successors and assigns of and from all
claims, actions, causes of action, liability, demands and damages of whatever
name or nature, whether at law or in equity, in any manner having arisen,
arising, or to arise from the beginning of time to the date hereof.
 

 
 
CLEANTECH INNOVATIONS, INC.
 
/s/ Bei
Lu                                                                                                      
By: Bei Lu
Chairman & Chief Executive Officer
 

/s/ Wenge
Chen                                                                                                     
Wenge Chen
 
 
 
 
 
 
 
 
 
 

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