Document:

Translation of Strategic Cooperation Agreement dated in September 2009

 Exhibit 10.20 

Guangdong Mingyang Wind Power Technology Co., Ltd 

Industrial and Commercial Bank of China, Guangdong Branch 

Strategic Cooperation Agreement 

September, 2009 

 Party A: Guangdong Mingyang Wind Power Technology Co., Ltd 

Address:    Mingyang Industrial Park, Torch High Technology Industry Development Zone, Zhongshan City 

Legal Representative: Zhang Chuanwei 
 Postal
Code: 528400 
 Party B: Industrial and Commercial Bank of China, Guangdong Branch 

Address: 123 West Yanjiang Road, Guangzhou 

Legal Representative: Shi Gang 
 Postal Code:
510120 
 For the purpose of promoting common development of business and establishing relationship of overall business cooperation, Guangdong
Mingyang Wind Power Technology Co., Ltd (hereinafter referred to as “Party A”) and Industrial and Commercial Bank of China, Guangdong Branch (hereinafter referred to as “Party B”), by following the principle of “good faith,
equality and mutual benefits, common development” and on a basis of business operation in accordance with the laws, regulations and rules, show their willingness to form long-term strategic cooperative partnership and reach the following
agreement. 
  

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 Article 1 Scopes of Both Parties 

Party A: Guangdong Mingyang Wind Power Technology Co., Ltd which includes the Headquarter of Guangdong Mingyang Wind Power Technology Co., Ltd, wholly
owned subsidiaries, holding subsidiary companies, and other associated companies of Guangdong Mingyang Wind Power Technology Co., Ltd. The Financial Department of Guangdong Mingyang Wind Power Technology Co., Ltd is the leading department in charge
of business cooperation. 
 Party B: Industrial and Commercial Bank of China, Guangdong Branch which includes its branches. The investment
banking department of Guangdong Branch is the leading department in charge of business cooperation. 
 Article 2 Party
B’s Commitments 
 Party B commits to take Party A as one of the most important customers and long-term cooperation partners and
provide Party A with preferential, superior, efficient, and full financial service by observing national laws and regulations and in accordance with business principles and relevant policies of commercial bank. The financial service herein includes:

 1. Credit Service 
 1. Limit of
Credit Aid 
 Party B shall, within two (2) years, provide Party A and wholly-owned or holding enterprises thereof with RMB 5 billion (SAY
RMB FIVE BILLION ONLY) on a basis of compliance with national policies, laws and regulations, and credit management system of Party B and as per Party A’s capital needs. 

2. Product Range of Credit Aid 
 The
aforementioned credit aid shall be rendered to on-balance-sheet and off-balance-sheet financing business. The specific types thereof include without limitation working capital loans, project loans, acceptance and discount of bill, trade finance,
accounts receivable factoring, various letters of guarantee, domestic letter of credit, etc. 
  

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 3. Limit Application of Credit Aid 

Consideration can be given to adopt form of credit for the financing of Party A in accordance with specific financing conditions. Party B will give
maximum preferential terms for the finance and service provided by Party A and the subsidiaries thereof within the scope allowed by the regulatory body pursuant to the relevant provisions of the state and its cost of capital. 

With reference to the aforesaid financing, necessary internal investigation of Party B and procedures for examination and approval shall be undertaken
and specific documents pertaining to loan shall be signed. 
 II. Cash Management Service 

Party B commits that, by making the most of advantages including but not limited to advanced electronic settlement functions, the world’s leading
internet banking system, and extensive service networks, it will provide Party A with fast fund settlement and multi-channel cash management value-added and financial service, submit fund management solutions, assist Party A to give real-time
monitoring on the account of Party A’s subsidiaries and the fund transfer of account, as well as realize higher efficiency in the use of funds, lower costs to raise money, more effective financial control, and more optimized business flow.

 III. International Business Service 

Party B is willing to provide superior international settlement and finance service for Party A’s overseas equipment purchase and sales, assist Party
A to reduce financial costs and prevent foreign exchange risks, furnish Party A with foreign exchange business services such as exchange, settlement and sales, international settlement, international trade financing, foreign currency fund
value-maintaining and value-added business, and Renminbi NDF, and I give Party A maximum preferential terms. 
  

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 IV. Investment Banking Service 

Party B commits that, by fully drawing upon its advantages in network, information, and capital as well as extensive social connections, it will provide
Party A with a series of professional and high-level investment service such as consultancy of mergers and acquisition, consultancy of structure financing, consultancy in listing and bond issuing of enterprise, enterprise credit service, and
extended service after going public of enterprise, as well as, by utilizing customer resources, provide convenience in equity pledge financing for Party A to help Party B improve overall income level. 

V. Other Business Service 
 Party B will provide
Party A with convenient deposit service and grant favorable interest rates for large-denomination time deposits within the scope permitted by policies, actively recommend all kinds of deposits and investment products, as well as offer proposals for
the maintenance and appreciation of values of Party A’s capitals. 
 Party B commits to provide Party A with superior and professional
consultation service on entrustment of enterprise annuities, account management service, fund trust service, and relevant value-added service, as well as provide corresponding service for upstream and downstream enterprises of Party A. 

VI. Service of Customer Manager 
 Party B will
consider Party A as one of its key marketing customers. It will appoint professional customer managers in organizations at all levels from top to bottom to understand Party B’s business requirements in all respects as well as coordinate various
functional organizations in banking industry to provide Party A with overall financial service. 
 Article 3 Party A’s
Commitments 
  

	I.	Party A commits to take Party B as its long-term cooperation partners and, on the premise that Party B’s service conditions are not poorer and service levels are
not lower than other financial institutions and that the internal examination and approval procedures have been fulfilled, give priority to conduct overseas and domestic financial cooperation with Party B (including but limited to choose Party B as
one of the main banks), give priority to entrust Party B with deposit, loan, domestic and foreign currency settlement, and other affairs s, as well as give priority to appoint Party B as its financial consultant. 

 

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	II.	Party A commits to guide all affiliated companies in the country through the opening of settlement account, and expand the volume of domestic and foreign currency at
Party B to enable the account of Party B to be one of its main balance accounts. 

  

	III.	Party A commits to use its best endeavor to recommend Party B to Chinese and foreign customers in their effort to attract investment, introduce technology and
equipment, build new bases, conduct business negotiations, etc whenever possible, provide Party B with information about financing, and assist Party B with expansion of financing activities, financial innovation, and product promotion.

  

	IV.	Party A commits to, in accordance with the cooperative principle herein, select Party B as one of its main financing banks, strengthen cooperation with Party B in bill
financing, offer Party B the information about project financing in different places, assist Party B to know the projects and coordinate relevant issues, and give priority to choose Party B as its partner. 

 

	V.	Party A commits to join Party B’s effort to fulfill the followings during the process of credit management: 

 

	 	(I)	Strictly perform relevant agreements or contracts signed between it and Party B, agree to Party B’s monitoring over financing, and repay the principal and interest
of the loans in due course as agreed before; 

  

	 	(II)	Actively cooperate with Party B when it is conducting investigation and review of credit operations and provide relevant data and materials; 

 

	 	(III)	Agree to submit the reviewed financial statement to Party B in time. 

 

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 Article 4 Miscellaneous 

 

	I.	Both parties shall keep strictly confidential the information, material, financial data etc related to them that are obtained in accordance with this agreement. Unless
otherwise provided in laws, regulations and rules or approved by the other party in a written form beforehand, any party shall not at any time disclose the aforementioned information or any content related to this agreement to any third party other
than Party A’s affiliated or associated companies and Party B’s branches. 

  

	II.	Both parties shall have high-level talks on a irregular basis, duly communicate relevant information, offer comments and suggestions on cooperation, strengthen
cooperative relationship, and improve service quality and efficiency. 

  

	III.	Supplementary agreement can be signed for matters not mentioned herein on a basis of both Parties’ consultation. The supplementary agreements have equal legal
effects with this agreement. 

  

	IV.	This agreement is a guidance document for cooperation between the two parties. For specific financial operations covered by this agreement, both parties shall enter
into separate agreements. If the agreements concerning specific financial operations are inconsistent with this agreement, the agreements concerning specific financial operations shall prevail. 

 

	V.	The duration of this agreement is one (1) year which becomes effective on the date when the legal representatives, persons in charge, and authorized agents of both
parties affix signatures and seals thereon. After the expiration of this agreement, the agreement will be automatically renewed for one-year term on a basis of consultation of both parties. This agreement shall be executed before renewal or explicit
termination. 

  

	VI.	This agreement is made out in four identical copies, with each holding two copies and the four copies having the same legal validity. 

 

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	Party A (Seal):	  	Party B (Seal):
		
	Legal Representative (Signature):	  	Legal Representative (Signature):
	(Or authorized agent)	  	(Or authorized agent)
	Date:	  	Date:

 

 

  

 8Translation of Lease Agreement dated in October 2009

 Exhibit 10.21 

Agreement on Property Management 

Party A: Zhongshan Mingyang Energy Investment Co., Ltd. 

Party B: Guangdong Mingyang Wind Power Technology Co., Ltd. 

In accordance with the regulations of Mingyang Property Management Ordinance, through fair negotiation between Party A and Party B, the following issues
about plant lease are reached: 
 I. Party A takes charge of the management for Party B’s property in Mingyang Industrial Park. 

II. The total area of the Industrial Park is 114,506.70 square meters, the plant construction area is 30,458 square meters, the construction area of the
complex building is 13,468 square meters, the greening area is about 10,000 square meters, the dormitory area is about 10,000 square meters and the dining-room area is 1,170 square meters. 

III. The management period is from 1 March 2009 to 28 February 2010. 

IV. Management service contents 
  

	1.	Access management, patrol and traffic order management. 

  

	2.	Outdoor public area cleaning and greening management. 

  

	3.	Water & electricity fault emergency treatment and maintenance of fire control equipment in public area. 

 

	4.	The management service for dining-rooms and dormitories. 

  

	5.	Elevator maintenance. 

  

	6.	Business vehicle lease. 

  

	7.	Fixed asset (authorized) maintenance (Refer to the clauses of the Lease Agreement, and each company shall bear the expenses for their own internal decoration and
maintenance). 

  

	8.	Maintenance of public facilities of dining-room and dormitory. 

  

	9.	Maintenance of public security facilities like barrier gate, collapsible gate, mobile gate, security office, traffic marking and interphone. 

 

	10.	Maintenance of infrastructure like road surface, water supply facilities and drainage, road lamps, distribution room and enclosure. 

V. Party A’s rights and obligations 
  

	1.	Institute the property management system and detailed rules for implementation in accordance with Mingyang Property Management Ordinance, and exerts effective
management. 

  

	2.	Carry out the public security management in the Industrial Park to ensure the safety; take charge of the cleaning and greening of public area to keep a good
environment; remove the water & electricity facility faults in time; inspect and monitor the fire control work. 

  

	3.	Arrange the business cars to guarantee the authorized vehicles for important business activities in accordance with Vehicle Lease Management Measures. Offer a good
food & beverage service in accordance with Foods and Sanitary Management Measures, ensuring the food safety in the dining-room and timely and reasonable food supply; dormitory lease management and fixed assets (authorized) maintenance.

	4.	Accept the supervision from Party B and offer excellent management service. 

VI. Party B’s rights and obligations 
 1.
Party B is entitled to supervising the management of Party A and raising reasonable suggestions. 
 2. During the production and business
activities, Party B shall comply with the property management rules instituted by Party A. 
 3. During the production and business activities,
Party B shall establish sound fire control management system and install fire control equipment to ensure the safety of plant, equipment and personnel, and accept the inspection and supervision from Party A. 

4. Pay monthly management fee and vehicle rent. 

VII. Principle of charging budget expense of property management and sharing scheme Property Division will charge the property management expense in the
means of expense budge and sharing among each company. The expense can be adjusted accordingly if there are profits or losses. The expense for emergency treatment, if any, will be borne through negotiation. 

According to the past expenses for property management, the following issues are confirmed through discussion in conference: 

 

	1.	Property management budget expense of Mingyang New Industrial Park is confirmed as RMB 317,370 per month temporarily, of which: 

Wind Power Company bears 40%, that is, RMB 126,948 per month; 

Rotor Blade Company bears 38%, that is, RMB 120,600.60 per month; 

Longyuan Company bears 22%, that is, RMB 69,821.40 per month. 

VIII. Payment of management fee: Party A will provide Party B with corresponding notes before the sixth day of each month according to the management fee
standards. Party B shall pay its own management fee to Party A before the fifteenth day of each month. 
 IX. This agreement will be concluded
once for a year and the unstated issues herein can be settled through negotiation between both parties. 
 X. This agreement becomes effective
after being signed and sealed by Party A and Party B and is made in duplicate with Party A and Party B keeping one respectively. 
  

							
	Party A:	  		  	Party B:	  	
				
	Sig.(seal):	  	

	  	Sig.(seal):	  	

		  		  	Date: 14 October 2009

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