Document:

EX-10.28

 Exhibit 10.28 

Plant Lease Contract 
 Lessor: Suzhou
Suchen Chemical & Plastics Co., Ltd. (hereinafter referred to as “Party A”) 
 Lessee: TPI Composites (Taicang) Co., Ltd. (hereinafter
referred to as “Party B”) 
 Upon mutual consensus, Party A and Party B hereby conclude the following Contract in connection with
the legal lease of Party A’s use right of the industrial property located in No.1, Lugong Road, Taicang Port Economic and Technological Development Zone, Jiangsu Province in the principles of equality, voluntariness, justness and integrity:

 Article 1 Location, Area and Purpose of Lease Subject 

1.1 Party A agrees to hire out Warehouse #4 in the above-mentioned industrial property (hereinafter referred to as the “plant”) to
Party B according to laws for the purpose of manufacturing of wind power blades. The main plant covers a building area of 7500 square meters, and the auxiliary workshop covers a building area of 1500 square meters. See the figure for details. 

1.2 Party B guarantees to comply with the national and local house lease related regulations, and will submit to Party A’s management of
such plant. During the lease term, without Party A’s written consent, Party B shall not change the housing purpose and structure, nor shall sub-let or sub-lease the plant in disguised form. 

Article 2 Lease Term 
 2.1
The lease term of this plant shall be three years temporarily, of which the initial lease term shall be one year (12 months), and the subsequent lease term shall be two years (24 months). The initial lease term shall be from October 1, 2014 to
September 30, 2015. 
 2.2 Upon expiration of the lease term, Party A shall have the right to take back this plant, and Party B shall
return the plant in good condition as is on schedule. 
 2.3 Where Party B has to lease the plant continuously, then Party B shall submit
the renewal application form to Party A in writing within 3 months upon expiration of the lease term. In the event that Party A agrees with Party B’s renewal request, Party B must sign a new lease contract with Party A one month in advance.
Otherwise, within one month prior to expiration of lease term, Party A shall have the right to take back the plant or sign a new lease contract with any third parties, to which Party B shall have no objection. 

Article 3 Rental and Payment Terms 

3.1 Both Party A and Party B agree that the total annual rental (for 12 months) is RMB 1,620,000 (Say RMB One Million Six Hundred and Twenty
Thousand only). The rental has included all taxes payable by Party A. 
 3.2 The rental shall be settled on a quarterly basis. The quarterly
rental shall be RMB 405,000 (Say Four Hundred and Five Thousand only), and must be paid by the 15th of every month. Party B shall use the plant on payment, and shall pay the initial rental when the Contract is

  
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signed. 
 3.3 Party B may pay the rental either in cash directly, or by cheque or
crediting to the bank account designated by Party A through bank credit voucher. 
 3.4 Party A shall provide Party B with the invoice
within 5 business days after receipt of Party B’s rental. 
 Article 4 Security Deposit, Management Fee, Utilities and Other
Expenses 
 4.1 Party B shall make the rental down payment of the plant to Party A within 7 days from signing date of the Contract. The
down payment shall be rental of one month, amounting to RMB 135,000 (Say RMB One Hundred and Thirty-five Thousand only). In the event that Party B fails to make such down payment on schedule for three days, then Party B shall be deemed as default,
and Party A shall have the right to terminate the Contract. After both Party A and Party B fulfill the Contract, down payment received by Party A will be used as security deposit for Party A’s property, and Party A shall provide the payment
certificate in writing to Party B. 
 4.2 Upon expiration of lease term, Party A shall return the plant lease security deposit paid by Party
B to Party B without interest after deduction of the expenses payable by Party B hereunder. 
 4.3 The plant rental shall include the
property management fee payable to the Port Management Committee. During the lease term, if the Port Administrator has to charge the property management fee, then Party A shall be liable for paying such property management fee. Party A shall be
solely liable for delay in payment, if any. 
 4.4 Party B shall pay the equipment royalty of RMB _0_ to Party A on schedule. 

4.5 During the lease term, Party B shall be liable for any and all utilities incurred by the plant, and shall make payment within 3 days after
receipt of bills or receipts or invoices. Otherwise, Party B shall bear the overdue fine incurred thereby, and shall be liable for any and all losses caused by service failure of water and power due to overdue payment. Furthermore, Party B shall pay
the expenses incurred by restoration of water and power supply. 
 4.6 During the lease term, Party B shall install the telephone and other
communication devices by itself at its own expense. 
 4.7 During the lease term, Party A shall allow Party B to repair and decorate the
plant without prejudice to the structure, in order to meet Party B’s needs. Party A shall allow Party B to reconstruct entrance to the plant accordingly at Party B’s expense, in order to meet Party B’s logistics needs. 

4.8 The power supply capacity of the plant is 500KVA, and will be expanded to 1200KVA to meet Party B’s needs. If requested by Party B,
Party A shall offer cooperation to the power supply authority with expenses borne by Party B. 
 4.9 Party A shall purchase sufficient
property insurance for the plant to be leased. In case of accidents to the leased plant, resulting in property loss and profit loss caused to Party B, Party A shall indemnify Party B accordingly. 

Article 5 Rights and Obligations of Party A 

  
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 5.1 Party A shall have the right to collect the rental and other expenses on schedule and provide
appropriate vouchers based on mutual conventions. 
 5.2 During the lease term, Party A shall not hire out the leased plant to any third
parties. 
 5.3 During the lease term, Party A shall have the right to supervise or inspect the safety, fire control and security against
the plant leased by Party B from time to time. Party B must timely make correction against any safety, fire control and security issues discovered in supervision and inspection. Where Party B refuses to make correction within 30 days as agreed, then
Party B shall be deemed as default, in which case Party A shall have the right to terminate the Lease Contract unconditionally. Except for Party B’s removal facilities and equipment in the plant, all equipment and facilities including
decoration shall be protected from any damage, and shall be owned by Party A. Party B shall be liable for all losses arising from termination of the Contract. 

5.4 During the lease term, Party A shall be liable for exterior fitment of the plant. 

5.5 As to specific issues related to safety, fire control and security of the plant, both Party A and Party B may conclude a supplementary
agreement separately. 
 Article 6 Rights and Obligations of Party B 

6.1 Party B shall use the plant under lease for the purpose hereunder, and shall not change the purpose hereof. In the event that Party B has
to re-decorate or reconstruct the plant, Party B shall obtain Party A’s prior written consent in advance. Where Party B has to go through the planning, design and fitment formalities with the national authorities according to regulations, Party
B must obtain approval from the relevant government authorities, and shall receive the permit prior to construction. Any fitment shall not affect the original structure and style of the plant, nor shall damage the bearing walls and exterior
façade of the plant. Prior to fitment, Party B shall install its own water meter and ammeter in place. Prior to commencement of business or operation, Party B shall produce originals of certificates and licenses, and provide corresponding
copies thereof to Party A 
 6.2 During the lease term, Party B shall not mortgage the plant. Where Party B has to sub-let the plant in
whole or part, Party B must obtain Party A’s prior written consent. The term of any sub-let or sub-lease agreement shall not exceed the term hereof. Party A shall have the right to increase the rental in order to share the sub-let or sub-lease
benefits. Where Party B sub-lets or sub-leases the plant during the lease term without permission, then Party B shall be deemed as default, in which case, Party A shall have the right to terminate the Contract immediately without return of security
deposit and rental. Party B shall be liable for any and all economic liabilities caused thereby. 
 6.3 Party B shall pay the rental,
management fee and utilities in full on time strictly in accordance with the Contract. 
 6.4 Party B’s operating activities shall
conform to the relevant national laws and regulations. In case of any illegal behaviors, or in case of fire and other safety accidents due to Party B’s improper management, Party B shall be solely responsible for any economic losses, and shall

  
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assume the legal liabilities. 
 6.5 During the lease term, Party B shall be liable
for the interior decoration of the plant, and maintenance of the facilities and equipment. In case of man-made damages, Party B shall be liable for making compensations. 

6.6 When the Contract expires, Party B must restore the normal service conditions of the plant. Security deposit will be returned after Party
A makes acceptance in writing. Otherwise, Party B shall be deemed as default, without refund of security deposit. 
 Article 7 Liability
for Breach of Contract 
 7.1 Party A must clear up the plant under lease 3 days prior to the effective date of lease hereunder, so that
Party B could use the plant on schedule. Where Party A delays to deliver the plant, then Party A must pay the liquidated damages at 1% of the daily rental per overdue day. If the overdue payment exceeds 30 days, Party B shall have the right to
terminate the Contract unconditionally, and Party A must pay rentals of 2 months to Party B as liquidated damages. 
 7.2 Where Party B
fails to pay the rental on schedule, then Party B must pay the liquidated damages at 1% of the daily rental per overdue day. In the event that the overdue payment exceeds 30 days, then Party A shall have the right to terminate the Contract
unconditionally. In this case, except for Party B’s removable facilities and equipment in the plant, all equipment and devices including decoration shall be protected from damage, and shall be owned by Party A. Party B shall be liable for all
losses arising from termination of the Contract. 
 7.3 Where Party B fails to pay the management fee and other expenses for 30 days, then
Party B shall be deemed as default. Should Party B still fail to make payment upon receipt of Party A’s written notice, then Party A shall have the right to terminate the Contract. 

7.4 During the lease term, in the event that either Party A or Party B intends to terminate the Contract early, then Party A or
Party B may give a notice to the other party in writing 2 months in advance, failure of which shall be deemed as default. In this case, the breaching party shall pay rentals of 2 months to the non-breaching party as liquidated damages. 

7.5 Where Party B fails to return the plant in good conditions to Party A on time upon expiration of lease term, Party B shall pay liquidated
damages by double of the rental under the original contract per overdue day. 
 Article 8 Alteration and Termination of Contract 

8.1 Where the land of the plant has to be removed as requested by government authorities at district level or above, then the Lease Contract
shall be terminated unconditionally. Party A shall inform Party B of such removal 2 months in advance, to which Party B shall submit unconditionally, and shall withdraw within the specified time limit without any compensations from Party A. 

8.2 Where the Contract cannot be fulfilled arising from damage to plant and buildings under lease due to force majeure factors, then both
parties shall be held harmless from and against any economic liabilities, and the Contract will be terminated automatically. 

  
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 8.3 For any matters not mentioned herein or in case of any changes to the Contract, Party A and
Party B may sign a supplementary (modification) agreement in writing separately. The supplementary (modification) agreement shall have the same legal effect with the Contract. 

Article 9 Miscellaneous 

Upon mutual friendly consultation: 

9.1 Party B shall be entitled to preemptive right of the plant during the lease term. Party A reserves the right to sell the plant. Party A
undertakes that Party B’s lease remains unchanged. 
 9.2 Party B agrees that Party A has the right to continue keeping its existing
wind power blade molds and other devices that are stored in the plant, and promises not to use such molds and devices without permission, until Party A disposes such molds and devices separately. 

Article 10 Supplementary Articles 

10.1 Both Party A and Party B shall strictly comply with the Contract. Any disputes shall be solved by both parties through consultation in
accordance with the Contract. In the event that no agreement is reached through consultation, a lawsuit may be filed to the people’s court according to laws and regulations. 

10.2 Any notices given by a party to the other party in execution of the Contract shall be in writing, and may be sent in person, by post or
express service. The mailing address shall be subject to the lease address hereunder or the address registered with the administration for industry and commerce. 

10.3 The Contract shall enter into force after Party A and Party B sign and affix seal on it. Any modification to the Contract shall be null
and void. 
 10.4 The Contract shall be in quadruplicate with Party A and Party B holding two copies respectively. 

 

					
	Party A (Seal): Suzhou Suchen Chemical & Plastics Co., Ltd.	 		 	Party B (Seal): TPI Composites (Taicang) Co., Ltd.
			
	(Seal) Suzhou Suchen Chemical & Plastics Co., Ltd.	 		 	(Seal): TPI Composites (Taicang) Co., Ltd.
			
	[SEAL]	 		 	[SEAL]
			
	Legal Representative or Authorized Representative (Signature):	 		 	Legal Representative or Authorized Representative (Signature):
			
	/s/ ILLEGIBLE	 		 	/s/ ILLEGIBLE
	August 5, 2014	 		 	August 5, 2014
			
	Place of Signing:	 		 	

  
 5EX-10.29

 Exhibit 10.29 
 

 
  
 Lease
contract Contract No. ¡ 2015002 The landlord: Jiangsu Jianhao Transmission Machinery Co., Ltd (hereinafter referred to as “Party An) Address of Party A: 128 Changzhou Road, high-tech Zone of Changzhou, Dafeng Legal representative of Party
A: Wu, JianJun The lessee: TPI Wind Blade Dafeng Co. ¡ALtd.(hereinafter referred to as “Party B”) Address of Party B: Building 1 Changzhou Road West side and Weisan Road North side, Dafeng Wayne G. Monie Legal representative of Party
B: Wayne G. Monie On basis of equality, free-will, fairness and good faith through consultation ,Party A and Party B hereby legally enter into this Contract on subject matter of leasing the industry estate and related land located at 128 Changzhou
Road in High-tech Zone of Changzhou in Dafeng City, Jiangsu Province (same site and scope as the land of use certificate, hereinafter referred to as ‘‘the premises” )in accordance with the Constitution of the People’,s Republic
of China and relevant laws and regulations. 

 

 
  
 I. Rental
location, area and use Party A agrees to legally lease the entire aforementioned industrial premises to Party B. The main factory, containing structure area of 41064 square meters and auxiliary structure area of 374 square meters, shall be leased by
Party B for the production of wind power blades or tooling. Total area of land occupation of the premises and auxiliary land is 61888.6 square meters. Please see the figure for specific scope including the following premises. Party B should ensure
compliance with the relevant national and city laws and regulations pertinent to leasehold and property management, use the premises as per rental location, area, use and management agreement in this Contract. During the lease period, Party B is
allowed to make relevant modifications, expansion or demolishment of the structure of the premises, and sublease to other parties due to the needs of the operations, subject to written consent from Party A. Party B guarantees that business
activities meet relevant national and city laws and regulations, holds valid business license and qualification certificates in compliance with the starting of business. Party B is responsible and will undertake all the consequences for business
activities. When signing the contract, Party B should provide Party A with copies of business license and qualification certificates for filing. Period of the lease, delivery and withdrawal The initial lease period is five years, starting from Jan.
1st, 2016 and ending on Dec. 31st, 2020 and Party B will have two options of five years each to lease the premises after the initial term expires Party A should have transferred the premises to Party B, and Party B is allowed to have possession and
occupancy upon signing the lease. 

 

 
  
 Upon the
expiry of the lease, Party A has the right to immediately retrieve the premises. Party B should return the undamaged and whole occupation of the premises which are intact with the original structure when leasing or, with the confirmation by Party A,
after premises fitment that is safe for immediate use to Party A within 5 business days after the expiry of leasing period without any condition. Any request for exercising the renewal options by Party B should be filed to Party A at least 90 days
prior to the expiry. With the agreement of Party A, Party B should sign the renewing lease contract with Party A at least 30 days prior to the expiry in order to continue renting. If Party A agrees on renewing the lease while Party B fails to sign
the renewing lease contract 30 days prior to the expiry of the lease period, Party A has the right to retrieve workshop for self-use or sign a lease contract with any third party and Party B should not raise any objection. Rental fee and payment
Party A and Party B both agree that the currency of the rental fee is Chinese Yuan. The rental fee is calculated from January 1st,¡A2016. The total rental fee of the first year (from Jan 1st,,2016 to Dec 31st ¡A2016) is 6
million yuan, which includes 3.6 million yuan of factory rental, 600 thousand yuan of property management fee, and 1.8 million yuan of equipment and resources fee. The total rental fee of the second year (from Jan 1st, 2017 to Dec 31st, 2017) is
6.36 million yuan, which includes 3.816 million yuan of factory rental, 636 thousand yuan of property 

 

 
  
 management
fee, and 1.908 million yuan of equipment and resources fee. The total rental fee of the third year (from Jan 1st, 2018 to Dec 31st, 2018) is 6.7416 million yuan, which includes 4.045 million yuan of factory rental, 674 thousand yuan of property
management fee, and 2.0226 million yuan of equipment and resources fee. The total rental fee of the fourth year (from Jan 1st, 2019 to Dec 31st, 2019) is 7.15 million yuan, which includes 4.29 million yuan of factory rental, 715 thousand yuan of
property management fee, and 2.145 million yuan of equipment and resources fee. The total rental fee of the fifth year (from Jan 1st, 2020 to Dec 31st, 2020) is 7.579 million yuan, which includes 4.547 million yuan of factory rental, 757.9 thousand
yuan of property management fee, and 2.2741 million yuan of equipment and resources fee. In the above rental fees, the equipment and resources fee does not contain the deductible value-added tax. Other rental fee includes all taxes responsible by
Party A. The annual total rental fee for each of the two renewal option periods will start at no more than the previous year’s rental fee and shall escalate thereafter at no more than six percent per year. 

 

 
  
 Both Party
A and Party B agree on “payment cycle” of every three months. Party B should agree on the aforementioned rental fee standard and pay rental fee before lease and use. Party B has to make payment 15 days prior to each “payment
cycle” date and should pay the first rental fee upon the signing of this contract. There are four payments, 1.5 million yuan each, during the first year (from Jan 1st, 2016 to Dec 31st, 2016). There are four payments, 1.59 million yuan each,
during the second year (from Jan 1st, 2017 to Dec 31st, 2017). There are four payments, 1.6854 million yuan each, during the third year (from Jan 1st, 2018 to Dec 31st, 2018). There are four payments, 1.7875 million yuan each, during the fourth year
(from Jan 1st, to Dec 31st, 2019). There are four payments, 1.89475 million yuan each, during the fifth year (from Jan 1st, to Dec 31st, 2020). Party B shall pay the rental fee by cheque, bank credit voucher, online banking or other ways which can
transfer fee to Party A,,s designated bank account. Party A shall provide invoice within five business days after receiving rental fee from Party B. Deposit, management, water, electricity and other fees 

 

 
  
 When
signing the contract,Party B should payl million yuan as rental deposit to Party A. 200 thousand has been paid and it is necessary to make a supplementary payment of 800 thousand yuan. Party A shall provide a written receipt voucher to Party B. Upon
the expiry of leasing period or contract termination, if Party B has no violation, Party A shall return the rental deposit to Party B without any interest. If there are outstanding rental fees, costs and relevant funds for Party B, Party A has the
right to make deduction in advance from the deposit. The rental fee for the premises does not contain the management fees of Industrial Park. During the lease period, if Industrial Park needs to charge any management fee, Party B shall pay for it.
Party B is responsible for the delay of payment. Before leasing, Party A should change the name of representative of electricity and water fee payments under the name of Party B. During the leasing period, all relevant fees in respect of water and
electricity shall be paid by Party B in three days after receiving the bill or invoice. Overdue fine will be paid by Party B. Party B is responsible for the losses any water or power cut caused by delayed payments and the restore of water and
electricity supply. Upon expiration of the lease, Party A has the right to change the name of representative of electricity and water fee payments bank to Party A. During the leasing period, Party B is responsible for the installation and fees of
telephone and other communication equipment. Use and maintenance of building,facilities and equipment Party A should deliver the premises to Party B on the date of agreement, and the premises should be in the state of safety and normal use. After
Party A hands over the premises, Party B shall enhance the management on premises, auxiliary facilities and equipment (refer to the contract appendix), use them in a rational way and keep them in good condition. Party B is responsible for the
maintenance and repair for internal auxiliary facilities, equipment and fitment in the premises at Party B5s own expense. 

 

 
  
 During the
leasing period, Party A shall provide facilities and equipment to Party B for production (for details please refer to the facility and equipment list). Party B must use the equipment according to the national provisions on using of hoisting
equipment requirements, and responsible for annual inspection of crane at Party B ,s own expense. Except for the facilities and equipment listed in the contract and appendix, Party B is in charge of keeping, using, maintaining and repairing other
equipment like maintenance manual for facilities and equipment, qualification certificates, diagram for power distribution, some office furniture, electric-door remote controller and keys at Party B,s own expense. Lists signed and confirmed by both
parties shall be regarded as appendix of the contract. Party B has been aware of the current nature and status of the premises. With written consent ¡A and not to be unreasonably withheld by Party A,Party B is allowed to change structure
,purpose of use ,building style of the premises, and to construct necessary buildings for operation purposes, etc. Due to needs arise from operations, Party B shall pay RMB500k for Party B to make modifications, expansion, demolishment for the
building of 5000 square meters that causes inconvenience to Party B,s operations, to Party B,s satisfaction. For a 5-year lease, Party A has the right to require Party B to make rectifications and recover the modification, expansion and demolishment
to the original state of the building (the original book value of the 5000 square meters building is RMB5.0 million). Upon completing the 2nd 5-year lease, Party A and Party B will each cover 50% of the cost of recovering the building to its
original state (RMB2.5 million). Upon completing the 3rd 5-year lease, Party A will waive the right in requesting Party B to rectify and recover the building to its original state. If intending to reform or re-construct the premises other than
what’s stated in clause 6,5¡A Party B shall be required to submit written report and construction plan to Party A. Party B cannot start any construction without Party A,s written agreement or autographed special agreement If the
construction involves the overall structure or transformation of the premises, it is necessary to declare or file report to local relevant departments. After construction, Party B can 

 

 
  
 only start
using new facilities after relative apartment’s qualification approval,which should be sent to Party A to be filed. All the costs from constructions are responsible by Party B. Party B is responsible for all the costs of and caused by new
construction, facilities, and equipment on the premises. Upon the expiry of the lease period or termination of the contract, except for the mobile facilities and equipment, all facilities and equipment including fitment shall not be damaged and
owned by Party A without any condition. Party B should move any mobile facilities or equipment owned or constructed by Party B within 5 business days upon the expiry of the lease or termination of the contract, otherwise all the remaining facilities
and equipment are owned by Party A without any condition. Party A has the right of disposition and Party B is not allowed to require Party A to make purchase, reimbursement, compensation or delay the time of returning the premises for any reason.
Party A to provide a list of all equipment owned by Party A at the signing of the lease. The power supply capacity of the premises offered by Party A which passes the test conducted by power supply bureau is 500KVA,and can be upgraded up to 1300KVA.
Party A shall assist to apply and obtain approval for the power supply capacity upgrade if Party B requires. The fees incurred shall be paid by Party B. Upon contract expiry or termination, please subject to aforementioned provisions. Safety, fire
control and public security management in rental site Both Party A and Party B shall implement each and every effective measurements of the contract to ensure the safe operation at the leased sites. The legal representative or entrusted agency of
Party B is the first person responsible for safety, fire protection and security management of Party B and shall be responsible for the safety, security and fire protection management at the leased sites, including all buildings and sites that are
not returned to Party A at the expiry of the lease term or the termination date of the contract. Party B undertakes sole responsibility for all safety,environmental protection and fire protection accidents and various criminal and public security
cases in leasing sites. 

 

 
  
 Party B
practices manufacturing activities and shall be equipped with corresponding safety protection qualifications and conditions. Party B should set up complete responsibility systems about safe production, fire protection safety and special equipment
safety and provide education and training about safety and fire protection to all employees involved in production and operation activities. Personnel to participate in special posts shall possess relevant qualifications and certificates, which
should be reviewed in line with regulations. Party B shall prepare corresponding fire protection facilities and equipment based on the fire resistance rating and fireproof category at the leased sites. The location of fire extinguishers should be
reasonable, obvious, and convenient to utilize. These facilities or equipment shall be kept clean and secure. Party B should inspect these fire protection facilities and equipment at least once per month with regular testing, identification,
replacement and maintenance. Written report should be recorded. During the leasing period, with Party B,s written permission, Party A has the right to check the plant security, fire protection, and other safety inspections. If safety problems are
identified, Party B shall promptly fix the problems. If Party B refuses or delays to fix the problems over 30 days, Party A has the right to unilaterally terminate this contract without any condition. Party B is responsible for all the losses caused
by termination. Contract termination and contract breach liability Once the contract is signed, both Party A and Party B has no right to terminate the contract except the second, third, fourth, fifth, or eighth terms below occurs. If one Party
breaks the contract, then that Party has to pay the whole rental fee of the remaining date, based on the lease, to the other Party. After signing the contract, if Party A fails to deliver the premises to Party B as scheduled in the contract, Party B
can terminate the contract without paying the rental fee for the month. After 

 

 
  
 signing
the termination agreement, Party A shall pay Party B the rental fee for the month as compensation. In case of force majeure incidents in the leasing period resulting in the damage or loss of premises, facilities and equipment, etc. causing the lease
contract cannot proceed with performance, the contract shall be spontaneously terminated and neither Party A nor Party B shall undertake any resulting loss. If the premises is legally appropriated, relocated or developed due to municipal (district)
construction demand during the lease period, the contract shall be unconditionally terminated. However, Party A shall inform Party B in writing 360 days in advance, Party A shall discuss with Party B to agree upon certain compensation based on the
remaining time on the lease, if Party A is compensated by the government, and Party B shall obey and relocate as scheduled in the notice. At time of relocating,,if government does not require buildings on the premises to be recovered to the
original state, Party A will waive the right in requesting Party B to rectify and recover the building to its original state. Party B shall pay the rental fee on time. Each day overdue, Party B must pay 1% of daily rental fee as reimbursement. If
payment is overdue for more than thirty days, Party A has the right to unilaterally terminate this contract without any condition. All the losses caused by the termination of this contract shall be borne by Party B. If Party B could not return the
premises in good condition to Party A within 5 business days upon the expiry of the lease period or contract termination, Party B shall pay double rental fee to Party A for further using of the premises. During the lease period, any damage on the
premises, auxiliary facilities and equipment caused by Party B shall be responsible by Party B to repair. In case of failure to repair or loss of equipment, Party B should pay Party A compensation as per amount of actual loss. 

 

 
  
 During the
lease period, if Party B violates relevant provisions in the contract or operates illegal acts in the rental premises by Party B resulting in punishment from public security¡A administrative and judicial authorities, Party A has the right to
take all measures such as cutoff the power and water till the contract is terminated without any condition. Party B shall move out of the premises before deadline specified by Party A. All the resulting losses shall be undertaken by Party B. Other
supplementary provisions Both parties agree through friendly negotiation: Party B,during the lease period, has priority to purchase the premises. Party A reserves the right to sell the premises and Party B,s lease will not be affected. For existing
products and equipment (occupied around 800-1000 square meters) in the premises belonged to Party A,Party B agrees that Party A continues to store for free and promises not to use them until additional disposal made by Party A (store period around 1
year from the time this contract is signed). Party A should move them to Party B,s designated location if they hinder Party B,s operation. Others Party A and Party B shall strictly follow this contract. In terms of the outstanding issues of this
contract or to change to the contract, both parties can sign supplementary agreement in written form which has the same legal effect as this contract. In case of any dispute in performing the contract,it shall be settled through negotiations between
Party A and Party B. If no agreement is reached, it shall be allowed to file proceedings to 

 

 
  
 Party A
(Seal): Jiangsu Jianhao Transmission Machinery Co., Ltd. Contact Add.: 1288 Boxue Road, Jiading District, Shanghai Signedby The place of signing: Taicang city, Jiangsu Province Party B (Seal): TPI Wind Blade Dafeng Co., Ltd. Contact Add.: Building
#1,North of Weisan Rd, West of Changzhou Rd., Dafeng Economic Development Zone Signed by: IMONIE 1320585192718!l

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