Translation of Supply Contract for Industrial and Mineral Products



 Exhibit 10.40 

Supply Contract for Industrial and Mineral Products 

 

	
	Contract No.: C1005-3475
	Place of Signing: Zhongshan
	Date of Signing:
April 27th, 2010



Supplier: Guangdong Mingyang Longyuan Power & Electronic Co., Ltd. 

Purchaser: Guangdong Mingyang Wind Power Technology Co., Ltd. 

ARTICLE 1 Product Name, Specification, Quantity and Price: 
  

													
	    No.  	  	Product Name	  	Specification	  	Quantity	  	Unit Price (Incl. 17%
Tax)	  	Total (Yuan)	  	
Material

Code

	1	  	High Voltage Frequency         Conversion Speed
        Regulating Device	  	MLVERT-D06/5000.B 	  	1	  	1,490,000	  	1,490,000	  	 
	Aggregate	  	 RMB one million four hundred
and ninety thousand only (in words)
 ¥1,490,000 (in figure)



ARTICLE 2 
 Technical Standards for
Quality and Process: subject to those nationally required. 
 Technical Requirements: subject to the Technical Agreement entered into between
the two Parties. 
 ARTICLE 3 

Place of Delivery: Zhongshan Facility of Guangdong Mingyang Wind Power Technology Co., Ltd. 

Address: Mingyang Industrial Park, Jianye Road, National Hi-tech Industrial Park, Zhongshan, Guangdong 

Contact Person: DENG Yongming 15016171443 

ARTICLE 4 
 Time of
Delivery: Prior to June 20th, 2010 

ARTICLE 5 
 Means and Expenses of
Transportation: The products shall be delivered to the appointed warehouse of the Purchaser, and the expenses thus incurred shall be borne by the Supplier. 

ARTICLE 6 
 Packaging Standard, supply
and recycle of packing material: the supplier shall provide its standard protective packaging. 
 ARTICLE 7 

Acceptance Standard and means, period to raise objections: subject to the standards of Standard products. 







 ARTICLE 8 

Payment Term and Time: by bank acceptance. The purchaser will advance 30% of the total contract price to the Supplier, another 65% will be paid upon
acceptance of installation and commissioning, and the remaining 5% warranty payment shall be paid within one (1) month upon acceptance of warranty period (warranty period is 24 months). 

ARTICLE 9 
 Breach of Contract: Governed
by Contract Law 
 ARTICLE 10 

Dispute Resolutions: Negotiation and Arbitration. 

ARTICLE 11 
 Confidential and Quality
Clauses: Governed by the Confidential Agreement signed by both Parties. 
 ARTICLE 12 

Effective time and term of Contract: This Contract takes effect upon the signature and seals by both Parties; the term shall be two years after delivery.

 ARTICLE 13 
 Miscellaneous: A
delivery form shall be issued when delivering, which shall state the contract No. of the purchaser, products and specifications and material codes. 
  

					
	Supplier	 	Purchaser	 	  
	 Company:
Guangdong Mingyang
 Longyuan Power & Electronic Co., Ltd.

Address: Daling Administration area,
National Hi-Tech Industrial

Development Zone
 Zhongshan, Guangdong

 
 Contact person:

Tel: 0760 28138139
 Fax: 0760 28138026

State Tax No.: 442000768446341
 Bank: Industrial
and Commercial Bank
 of China, Zhangjiabian Branch

Account No.: 2011021719024886888
 Zip code:
528437
	 	 Company: Guangdong
Mingyang
 Wind Power Technology Co., Ltd.

Address: Jianye Road, Mingyang Industry Park

National Hi-Tech Industrial
 Development Zone

 Zhongshan, Guangdong
  

Contact person:
 Tel: 0760 88587877

Fax: 0760 88588305
 State Tax No.:
442000789438199
 Bank: Agricultural Bank of China,
National Hi-Tech Industrial


Development Zone Branch,
 Zhongshan

Account No.:44319101040008866
 Zip code: 528437

	 	 Opinion
of the
 Authentication
 (Notary
)authority:
  
 Seal of the

Authentication
 (Notary )authority:

 
 Note: the principle of

free will shall be
 practiced except
as
 otherwise stipulated by
 the State.