Document:

Translation of Equity Transfer Contract dated in January 2010

 Exhibit 10.26 

 

			
		 	 Special Stamp for Stamp Tax

Tax Amount (Amount in Words) 25,000 RMB

Tax No.2010020297506433
 Feb. 5,
2010

 Equity Transfer Contract 

Transferor: Zhongshan Mingyang Electrical Appliance Co., Ltd. (Party A) 

Address: Daling Management Area, Huoju Development Zone, Zhongshan 

Transferee: Guangdong Mingyang Wind Power Technology Co. Ltd. (Party B) 

Address: Huoju Road, Huoju Development Zone, Zhongshan 

This Agreement is entered into and between Party A and Party B in respect to the Equity Transfer matter of Zhongshan Mingyang Wind Power Equipment Co.
Ltd. (referred to “Equipment Co. Ltd. hereunder”) on Jan. 5, 2010 in Zhongshan. 
 Party A and Party B have reached the Agreement
hereunder based on the principle of equality and mutual benefits through amicable negotiation: 
 I. Equity Transfer Price and Payment

 1. Party A agrees to transfer the 100% equity the Equipment Co. Ltd. holds, 50 Million RMB in total, to Party B at 50 Million RMB. Party B
agrees the above price and amount to purchase the above equity. 
 2. Party B agrees to one-off payment of the Equity Transfer amount to Party A
in monetary form within 30 days upon the signing of this Agreement. 
 II. Guarantee 

1. Party A undertakes that the equity transferred to Party B is its actual capital contribution to Equipment Co. Ltd., legally owned by Party A with total
discretion right. Party A undertakes that the equity transferred has not been taken as any kinds of mortgages, pledges or guarantees, nor claimed by any third party. Otherwise, all responsibilities induced shall be borne by Party A. 

2. Upon equity transfer by Party A, original rights and obligations enjoyed and borne by Equipment Co. Ltd. shall be transferred to Party B with the
Equity. 
 3. Party A undertakes that the 50 Million RMB capital contribution to Equipment Co. Ltd. is in place, including 15, 370, 800 RMB
monetary contribution, 15, 135, 200 RMB land use right contribution (an area of 31, 531.7 square meters) and 19, 494,000 RMB factory contribution (a construction area of 7, 841.52 RMB). 

4. Party B acknowledges the Corporation Article of Equipment Co. Ltd and undertakes to fulfill the obligations and responsibilities of the regulations.

 III. Profit and Loss Sharing 
 Upon
the approval and shareholder amendment of register of the Industry and Commerce Administration Authorities, Party B shall become the shareholder of Equipment Co. Ltd and share the profit and loss of the Company in accordance with the capital
contribution ratio and Corporation Article. 
 IV. Expenses Sharing 

Related Expenses of Equity Transfer shall be borne by both Parties in accordance with the regulations of our Company. 

V. Alteration and Dissolution of the Contract 

In case of the following events, this Contract shall be altered or dismissed. However, written Alteration or Dissolution Contract shall be signed by both
Parties. 

 1. Due to force majeure or not intentionally but unstoppable external cause of one Party, this Contract
can’t be fulfilled. 
 2. One Party losses the capacity to fulfill this Contract. 

3. The breach of one or two Parties has severely affected the economic benefits of the abiding Party and rendered the fulfillment of the Contract
unnecessary. 
 4. Due to changes of circumstances, both Parties alter or dismiss the Contract through negotiation. 

VI. Disputes Settlement 
 1. Disputes in
relation to the validity, fulfillment, breach and dissolution etc of this Contract shall be resolved through amicable negation of both Parties. 

2. Should no agreement can be reached upon, each Party shall be entitled to appeal to Arbitration Organization or People’s Court. 

VII. Terms and Validity of this Contract 
 This
Contract shall come into effect upon the approval by the Shareholder Meeting of Equipment Co. Ltd. and signing by both Parties. 
 VIII.
Miscellaneous 
 This Contract is made out in six copies, with both Party A and Party B holding two copies, one copy for Industry and Commerce
Administration Authorities and one for Equipment Co. Ltd. All copies shall have the same legal effect.Translation of Land Use Right Transfer Agreement

 Exhibit 10.27 

Transference Contract for Land Use Right in Zhongshan City 

Parties of the contract 
 Party A
[the transferor] Name: Zhongshan Mingyang Electrical Appliance Co., Ltd. Nationality: Chinese 
 [ID Card Number] [Passport Number]
[Registration Number of Business License]                      

Residence Address: Daling Administration Zone, Zhongshan Torch Development Zone, Zhongshan City 

[Entrusted Agent] Name: Wang Changfa Nationality: Chinese 

[ID number] [Passport Number] [Registration Number of Business License] 413026197402086017 

Residence Address: No.163 Zhenhua Road, Futian District, Shenzhen City, Guangdong Province 

Postal Code:                   
Tel.:                      

Party B (The transferee): Name: Guangdong Mingyang Wind Power Technology Co., Ltd. Nationality: Chinese 

[ID number] [Passport Number] [Registration Number of Business License]
                     
 Residence
address: Wuxing village, Torch Development Zone, Zhongshan City, Guangdong Province 
 [Entrusted Agent] Name: Chen Gongbing Nationality:
Chinese 
 [ID number] [Passport Number] [Registration Number of Business License]: 430419198011064535 

Residence address: No.132, Yuandayi Road, Furong District, Changsha City 

Postal Code:                      Tel:
                      
 According to
the national and provincial law and relevant rules, both parties has reached the following agreement regarding the following land use right transference on the basis of fair, willingness and consensus negotiation: 

Article 1 Condition of Transference of the Land Use Right 

Party A agree to transfer the land use right of the land (including ground building and attachments) located in Shabian village, Torch Development Zone,
Zhongshan City with the land use license number of Zhong Fu Guo Yong

 No.150109 and which was obtained through the way of                     . 

(Refer to annex one for the land map). [Assignment Contract Number of the Land Use right] [Allocation and Approval document no. of the land use right]
[Assignment and Approval document no. of the allocated land use right] is                     . The land area of this land mass is 26805.1
sm2, which is used for industrial purpose. The approved service life of the land is from M D Y. to July 9th, 2048 

 Article 2 Price and Payment of the Transferred Land Use Right 

Both parties agree upon the land use right at the closing price of (RMB)(12,866,448.00) Twelve Million Eight Hundred and Sixty Six Thousand Four
Hundred and Forty Eight only, Party  B  shall pay Party A the advance payment of (    currency) within      days after signing the contract, Say
                     in total. 

Party B make payment according to the      way. 

1. One time payment:
                             

2. Pay by installment 
 3.Other ways
                             

Article 3 Handling the Transference Registration Formalities 

Both Parties shall, within thirty (30) days upon signing the contract, take relevant materials to
         for handling the registration formalities of land use right. When Party B settled the final payment, Party A shall provide the land use right certificate (which has completed
transference registration) to Party B. 
 Article 4 Transfer of Land Use Right 

Both Parties agree that Party A shall transfer the land to Party B on
                     (Date, Month, Year). 

Article 5 Default Responsibility 
 Where
Party A decides not to sell the land in the middle or fails to deliver the land after      days, it shall be deemed as Party A’s failure to perform the contract and this contract will be canceled. Party A shall, on
     day from not performing the contract, refund to Party B double of the advance payment and land procurement payment, and shall compensate Party B the penalty of
(        currency) 
 Both Parties agree that: 

  
  

 
  
  

 

 Article 6 Agreement of Right Guarantee 

Party A guarantee that there are not any right dispute and financial dispute or other rights limitation on the above mentioned land use right. 

Party A shall be responsible for all the dispute or rights limitations exists before the assignment and shall assume corresponding legal
responsibilities. Party A shall indemnify Party B for any economic losses caused by this. 
 Article 7 Guarantee of Transference Registration

 When handling the rights transference registration, the transference and registration authorities found out that the land is not up to the
property registration standard which result in registration failure and which is due to Party A’s reason; or the land is sealed by the jurisdiction or executive authorities according to law or other ways to limit the land use right, Party B has
the right to cancel the contract and ask for returning the paid transaction amount. Party A shall indemnify for the losses of Party B hereby caused. 

Article 8 Tax Responsibility 
 Both
Parties shall be responsible respectively for the tax payment during handling the land use right transference. 
 Article 9 Solution for
Contract Dispute 
 Where there is any dispute happened during performing the contract, it shall be settled by both parties through
negotiation. 
 For those disputes still not able to be solved through negotiation, they shall be settled through the following
     ways. 
 1. Submit for arbitration in          Arbitration
Committee 
 2. File a suit to the people’s court according to law. 

Article 10 Handling of Unsettled issues and Effectiveness of the Contract 

What is left unmentioned in contract may be added there as an appendix through negotiation of both parties, and shall hold equal legal effect. 

Article 11 Keeping of the Contract 
 This
contract is made in three copies. Both parties hold one copy, and the other copy will be held by city real estate transaction and registration management department. 
  

			
	Party A (Seal)	  	Party B (Seal):
		
	Legal representative:	  	Legal representative:
		
	Entrusted Agent:	  	Entrusted Agent:
		
	        Y         M      D	  	        Y         M     D 
		
	Signed on                     	  	Signed on

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