Addendum to License Agreement for SCD Technology dated January 18, 2009



 Exhibit 10.7 

Addendum to 

Design and Development of SCD 2.5/3.0MW and 5.0/6.0MW 

between 
 Ming Yang Electrical
Appliances Combine 
 Daling District of National Hi-Tech Industrial Development Zone of 

Zhongshan 

528437 Zhongshan 

China 

-hereinafter referred to as Ming Yang 

and 
 aerodyn Asia Co. Ltd

 Suite 2508, Tower1 

Lippo Center, 89 Queensway

Hong Kong 

-hereinafter referred to as aerodyn 

This addendum- consists of a total of 2 main pages with annexes of Annex 13 and 14 (REV.B) 

It is drafted in duplicate (i.e. two identical copies) 

 


			
	Addendum to SCD(2009-01-18)	 	
	page 2 of 2









 A meeting between Mingyang and aerodyn had been held in Beijing on
10th, Jan, 2009 regarding the contract issues of SCD which
both parties had signed on 28, July, 2008. After detail discussion, both parties have agreed on the following: 
 a. Two prototypes of SCD of
2.75MW(TC II) will be assembled; the possible wind farm sites will be in south east province-Fujian and Tianjin seaport. The assembling of the prototypes currently is planned by the end of 2009. 

b. To achieve the target of erection in the early 2010, some critical parts have to be ordered, it is suggested that Mingyang team shall pay a visit to
the corresponding suppliers in Europe in Feb.2009 so that long-term delivery components shall be available before starting the final assembly. 

c. Due to current financial situation, 5.0/6.0MW SCD shall be postponed, it is agreed by both parties and re-scheduled to initiate
the project by 1st, Jan. 2010. 

d. Both parties have reached an agreement of the renewed and detailed time schedule (Annex 14-REV.B) and payment schedule (Annex 13-REV.B) as an addendum
to the original SCD contract 
  

									
	 aerodyn ASIA Co. Ltd.
	 		 	 Guangdong Mingyang Wind Power Technology Co. Ltd.

					
	By	 	 /s/ Soenke SIEGFRIEDSEN
	 		 	By	 	 /s/ ZHANG Chuanwei

		 	(Legally valid Signature)	 		 		 	(Legally valid Signature)
			
	 Soenke SIEGFRIEDSEN
	 		 	 ZHANG Chuanwei

	 (Typed name of representative)
	 		 	(Typed name of representative)
			
	 Managing Director
	 		 	President
			
	  
	 		 	
 




	 (Title)
	 		 	(Title)
			
	 2009-01-18
	 		 	 2009-01-18

	(Place/Date signed)	 		 	(Place/Date signed)

  

			
	Addendum to SCD(2009-Ol-18)	 	
	page 2 of 2










 Annex 13: Payment Schedule for 

2.5/3MW & 5/6MW Turbine 
  

					
	 1.
	  	 After signing contract
	  	Euro: 3.0 million
			
	 2.
	  	 After delivery of first batch of document for 2.5/3MW
(Rotor blade and mould specified in Annex 6)
	  	Euro: 1.0 million
			
	 3.
	  	 After delivery of second batch of document for 2.5/3MW
(Mechanical parts of nacelle specified in
Annex 6)
	  	Euro: 1.0 million
			
	 4.
	  	 After delivery of third batch of document for 2.5/3MW
(Electrical parts specified in Annex 6)
	  	Euro: 0.5 million
			
	 5.
	  	 After delivery of fourth batch of document for 2.5/3MW
(Tower, foundation specified in Annex 6)
	  	Euro: 0.5 million
			
	 6.
	  	 After delivery of fifth batch of document for 2.5/3MW
(Manuals specified in Annex 6).
	  	Euro: 0.5 million
			
	 7.
	  	 After erection of turbine and start of commissioning for 2.5/3MW
	  	Euro: 0.5 million
			
	 8.
	  	 After issue of A-design assessment from GL for 2.5/3MW
	  	Euro: 0.5 million
			
	 9.
	  	 Before start of design work of 5/6MW (in Jan.2010)
	  	Euro: 5.0 million
			
	 10.
	  	 After delivery of first batch of document for 5/6 MW
{Rotor blade and mould specified in Annex 6)
	  	Euro: 1.5 million
			
	 11.
	  	 After delivery of second batch of document for 5/6 MW
(Mechanical parts of nacelle specified in
Annex 6)
	  	Euro: 1.5 million
			
	 12.
	  	 After delivery of third batch of document for 5/6 MW
(Electrical parts specified in Annex 6)
	  	Euro: 1.0 million
			
	 13.
	  	 After delivery of fourth batch of document for 5/6 MW
(Tower, foundation specified in Annex 6)
	  	Euro: 0.5 million

  

  

Annex 13. License Agreement of SCD (REV.B,2009-01-18) 

Page 1 of 2 









					
	 14.
	  	 After delivery of fifth batch of document for 5/6 MW
(Manuals specified in Annex 6)
	  	Euro: 0.5 million
			
	 15.
	  	 After erection of turbine and start of commissioning for 5/6 MW
	  	Euro: 0.5 million
			
	 16.
	  	 After issue of A-design assessment from GL for 5/6 MW
	  	Euro: 1.0 million

  

  

Annex 13. License Agreement of SCD (REV.B,2009-01-18) 

Page 2 of 2 








 Annex 14 Time Schedule 

The time schedule shall start with the date of
1st, Feb.2009 for the transfer of the contractual know-how
shall be as follows: 
  

			
	 Time schedule after

start of project
	  	 Project-milestone

	 2 month
	  	 Delivery of the document to order the long-term delivery components, blade, bearings, yaw bearing and rotor
bearing

		
	 2 month
	  	 Delivery of documents to build the master plug for the first rotor blade with power 2.5/3.0 MW including 3D geometry data.


		
	 3 month
	  	 delivery of documents to build the mould of rotor blade

		
	 4 month
	  	 Delivery of document to order gears

		
	 4 month
	  	 Delivery of specification of rotor brake, yaw brake

		
	 4 month
	  	 Delivery of document to order generator parts

		
	 4 month
	  	 Delivery of specification of yaw drive

		
	 4 month
	  	 delivery of documents to build the first rotor blade for blade test for 2.5/3.0MW

		
	 4 month
	  	 Delivery of the document to order casting parts

		
	 5 month
	  	 Delivery of specification of pitch system

		
	 5 month
	  	 Delivery of specification of hydraulic system

		
	 5 month
	  	 Delivery of specification of cooling system

		
	 5 month
	  	 delivery of documents of tower

		
	 6 month
	  	 delivery of documents of foundation

		
	 8 month
	  	 Delivery of documents to build the secondary components for the turbine 2.5/3.0MW

		
	 10 month

(1, Dec.2009)
	  	 Start of workshop assembly of the prototype 2.5/3.0MW (may be affected by the delivery time of the
components)

		
	 12 month

(Feb. 1, 2009)
	  	 Erection and start of commissioning of prototype 2.5/3.0 MW at site( it may be affected by partial assembly in Germany and
transportation time to China)

		
	 14 month
	  	 Measuring campaign of 2.5/3.0 MW turbine will be started

		
	 11 month

(1, Jan.2010)
	  	 Start with the development of the 5.0/6.0 MW offshore turbine.

		
	 15 month
	  	 Delivery of documents to build the master plug for the rotor blade for 5.0/6.0 MW turbine

		
	 17 month
	  	 Delivery of documents to order the long-term delivery components for 5.0/6.0 MW, such as casting parts, bearings, gears and
generator parts


  

  

Annex 14. License Agreement of SCD (Rev.B,2009-01-18) 

Page 1 of 2 









			
		
	 19 month
	  	 Delivery of specification of other components such as pitch system, hydraulic system, yaw drive, yaw brakes, rotor brake,
cooling system for 5.0/6.0MW turbine.

		
	 21 month
	  	 a. delivery of documents to build the mould for the rotor blade 5.0/6.0MW

b. delivery of documents of tower

		
	 24 month
	  	 a. delivery of documents to build the first rotor blade for blade test 5.0/6.0MW

b. delivery of documents of foundation

		
	 25 month
	  	 Delivery of documents to build the secondary components for the turbine

		
	 26 month
	  	 Start of the workshop assembly of the prototype 5.0/6.0MW turbine (may be affected by the delivery time of the components)


		
	 28 month
	  	 Erection and start of commissioning of prototype 5.0/6.0MW at site

		
	 30 month
	  	 Measuring campaign of turbine 5.0/6.OMW will be started



Note: This schedule may be slightly changed after detailed project planning. The Licensee will be informed with the detail schedule one month after
start of the project. 
  

  

Annex 14. License Agreement of SCD (Rev.B,2009-01-18) 

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