Document:

Unassociated Document

     

    NORWIN

     

    INTERNATIONAL TECHNOLOGY
LICENSE AGREEMENT FOR

     

    LICENSING OUTSIDE THE
EU/EEA

     

    BETWEEN:

     

    Norwin

     

    Industrileddet
13

     

    DK 4000
Roskilde,

     

    Per
Lading,

     

    NORWIN

     

    Liaoning
Gaoke Energy GROUP

     

    Represented
by Mr. Lv Jinxiang, Chairman.

     

    Hereinafter,
GAOKE

    
      
         

      

      
        Page 1 of
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    NORWIN

    

    
      
        
          
            
              
                	
                        Annex
      I:

                      	
                        Specification
      of and description of Know-how as defined in Clause
2.1.

                      
	 	 
	
                        Annex
      II:

                      	
                        Names,
      description, drawings and technical specifications of the Licensed
      Products.

                      
	 	 
	
                        Annex
      III:

                      	
                        Assistance
      to be provided by Norwin.

                      
	 	 
	
                        Annex
      IV

                      	
                        Cooperation
      in Research and Development

                      
	 	 
	
                        Annex
      V:

                      	
                        Norwin
      Company
Information

                      

              

            

          

        

      

    

     

    PREAMBLE

     

    WHEREAS,
Liaoning Gaoke Energy Group, a company established according to the laws of
People's Republic Of China, wishes to use technology of NORWIN wind turbine to
establish a wind turbine company in Shenyang to exploit the market for wind
turbines.

     

    WHEREAS,
Norwin, a company established according to the laws of Denmark, states that it
has designed and owns without any lien or legal challenge the designs for Norwin
225kW and Norwin 750kW wind turbines and NORWIN has the technical knowledge
(Technical Knowledge and/or Know-how defined in Clause 2.1 and specifically
described in Annex I) regarding the product described in Annex II.

     

    WHEREAS,
GAOKE states that it has the financial resources sufficient to fund the
establishment of a joint venture wind turbine company.

     

    WHEREAS,
GAOKE states that it intend to construct, own and operate wind parks using wind
turbines manufactured by the joint venture company.

     

    WHEREAS,
GAOKE and NORWIN wish to cooperate for researching and developing the products
and services related to new wind energy.

     

    NOW THEREFORE, the Parties
agree on the clauses as follows:

     

    Part
1 Wind Turbine Company

     

    
      	
              Clause
      1.1

            	
              Joint
      Venture Wind Turbine Company.

            

    

     

    
      	
              1.1.1

            	
              GAOKE
      plan to establish a New Wind Turbine Company, this "New Wind Turbine
      Company" hereafter short for "NWTC", as well as including a manufacturing
      plant situated in China (Shenyang).

            

    

     

    
      	
              1.1.2

            	
              The
      following activities shall take place in NWTC, but not be limited
      to:

            

    

     

    
      	
               
      

            	
              ·

            	
              Manufacture
      of Norwin 750kW wind turbines.

            

    

    
      
         

      

      
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    NORWIN

    

    
      	
               
      

            	
              ·

            	
              Manufacture
      of other non-competing (see Clause 2.19.2) wind turbine models Licensed by
      GAOKE and/or NWTC.

            

    

     

    
      	
               
      

            	
              ·

            	
              Manufacture
      of components to these and all other wind turbines licensed or fabricated
      by and for GAOKE and/or NWTC.

            

    

     

    
      	
               
      

            	
              ·

            	
              Erection
      and servicing of all manufactured or procured wind turbines by GAOKE
      and/or NWTC.

            

    

     

    
      	
               
      

            	
              ·

            	
              Sale
      of NWTC wind turbines or
components.

            

    

     

    
      	
              1.1.3

            	
              Licensing
      of third party wind turbines shall not take place under terms that later
      will prevent NWTC from sale and manufacture similar wind turbines designed
      by Norwin and/or NWTC.

            

    

     

    
      	
              1.1.4

            	
              According
      to this agreement, NORWIN shall transfer its own manufacture technology of
      225KW and 750KW wind power generator units and the related components to
      Gaoke, that is, the licensed products technology's transfer.  A
      formal License for manufacture and sale of the Norwin 750 kW and 225KW
      wind turbines shall be issued to GAOKE by NORWIN in accordance with the
      provisions defined in Part 2 of this agreement.  Accordingly
      Norwin shall provide GAOKE with all the written or unwritten know-how,
      patent technology and non-patent technology that are needed for the
      exploitation of the Licensed technology.  And GAOKE will issue
      this license exclusively to NWTC with
  compensation.

            

    

     

    
      	
              1.1.5

            	
              NORWIN
      shall provide the detailed lay out drawings to enable GAOKE to build the
      factory to assemble the 750 kW machines.  NORWIN shall provide
      all technical management assistance (include at least but not be limited
      to:  lay out drawing of the factory that enables to manufacture
      the wind turbines, all the drawings and/or specifications for
      manufacturing and procession of the wind turbine's components and assembly
      of the wind turbine, all the know-how and techniques on calculations,
      manufacture, materials, processing, assembling, inspection & testing,
      installation, application, maintenance, acceptance and certification and
      other regular technical data and), that shall be reasonably expected to
      enable GAOKE to construct the factory and assembly line for production of
      the complete machine and the processing of the components and to commence
      production.

            

    

     

    
      	
              1.1.6

            	
              GAOKE
      agree to produce Norwin 225 kW wind turbines at NWTC wind turbine
      manufacturing plant as requested from time to time by
      Norwin.  No more license fees or any other fees shall be charged
      by NORWIN.

            

    

     

    The
restrictions for Licensors own use of the licensed technology set down in this
agreement shall not be applicable for the Norwin 225 kW wind
turbine.  However, a detailed agreement concerning the exploitation of
the 225 kW wind turbine by the parties can be negotiated and agreed
later.

    
      
         

      

      
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    NORWIN

     

    
      	
              1.1.7

            	
              NORWIN
      or an affiliated company to Norwin to be decided by Norwin shall as an
      additional payment to the cash payment of license fee receive shares equal
      to 15% of the total ownership shares of the NWTC.  The shares
      will be registered as foreign owned shares with the relevant Chinese
      government ministries.

            

    

     

    
      	
              1.1.8

            	
              Gaoke
      agrees, no matter directly or by the form of affiliated company, not to
      undertake the competitive activities within competitive products scope
      which is stipulated in clause 2.19 under clause 2.4 of this
      contract.

            

    

     

    Part
2  License agreement

     

    
      	
              Clause
      2.1

            	
              Definitions:

            

    

     

    
      	
              2.1.1

            	
              Licensee:  The
      Licensee is the party that receives the License.  In this case
      the New Wind Turbine Company.

            

    

     

    
      	
              2.1.2

            	
              Licensor:  The
      Licensor is the party giving the license.  In this case
      Norwin.

            

    

     

    
      	
              2.1.3

            	
              Know-how:  Know-how
      means the body of technical information described in Annex I that is
      relevant for the manufacture of the Licensed Products described in Annex
      II.

            

    

     

    
      	
              2.1.4

            	
              Licensed
      Technology:  Licensed technology means only the technology in
      the form of know how described in Annex I as of the date herein and any
      subsequent inclusions or improvements hereto made in accordance with the
      Clauses 2.14.

            

    

     

    
      	
              2.1.5

            	
              Licensed
      Product (s):  Licensed Product (s) are the good(s) listed in
      Annex II.

            

    

     

    
      	
              2.1.6

            	
              Exploit:  To
      "Exploit" means to use the Licensed Technology in the manner described in
      Clause 2.2.

            

    

     

    
      	
              2.1.7

            	
              Know-how
      transfer of licensed product(s) should comprise knowledge and
      documentation needed for the Licensee to built an assembly factory and to
      manufacture, install and maintain the licensed wind turbine technology at
      least but not limited to:

            

    

     

    
      	
               
      

            	
              ·

            	
              Blueprint:  including
      general chart, pictures of manufacturing and process unit, components,
      electric, controlling, materials and spare parts standards, factory lay
      out, and requirements.

            

    

     

    
      	
               
      

            	
              ·

            	
              Currently
      the licensor's up-to-date entirely know-how and modifications made to
      adapt the new market for wind
turbine.

            

    

     

    
      	
               
      

            	
              ·

            	
              Drawings
      and files about designing and calculating, technological files for
      manufacturing & the needed equipments standards, and software,
      electronic document and electronic graphics files about the manufacturing
      techniques, standards, quality control, attestation, instructions on
      maintenance and installment.

            

    

    
      
         

      

      
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    NORWIN

     

    
      	
               
      

            	
              ·

            	
              Training,
      supervision to manufacture, guiding, service, product performance
      examination

            

    

     

    
      	
              Clause
      2.2

            	
              Scope
      of the License:

            

    

     

    
      	
              2.2.1

            	
              The
      Licensor grants the Licensee a license to manufacture and/or have
      manufactured the Licensed product(s) in the territory delineated in Clause
      2.4.1 and to distribute and/or have distributed the Licensed Products in
      the markets delineated in Clause 2.4.2 of this
  Agreement.

            

    

     

    
      	
              2.2.2

            	
              The
      Licensor grants the Licensee a license to use the Licensor's trademark on
      all products manufactured and/or distributed under the terms of this
      Agreement.  The Licensor's trademark shall be used on all
      modifications and/or improvements to the Licensed Products covered by the
      terms of this Agreement.  The Licensor agrees that the Licensee
      and/or the Licensee's subcontracted manufacturer can add their own
      trademark for display subordinate to the Licensor's trademark on the
      manufactured product pursuant to Clause 2.18.1.  The Licensor
      shall provide a copy of its trademark.  The Licensor and
      Licensee shall equally share the cost of registration of said trademark in
      all markets requiring such
registration.

            

    

     

    
      	
              Clause
      2.3

            	
              Technical
      Field of Application

            

    

     

    
      	
              2.3.1

            	
              This
      License extends to all technical fields of application of the Licensed
      Technology in the Wind Energy Business and to every other use necessarily
      implied by such application.  Each of the Parties undertakes to
      inform the other in good faith and without reservation of any uses not
      envisaged by it at the time the Parties executed this Agreement, which use
      subsequently appears to be practicable or which use either Party proposes
      to put into effect.

            

    

     

    
      	
              Clause
      2.4

            	
              Territory
      for manufacture and sale

            

    

     

    
      	
              2.4.1

            	
              The
      Licensee has the right to manufacture the Licensed product(s) in following
      territory:

            

    

     

    
      	
               
      

            	
              ·

            	
              Peoples
      Republic of China with the exception of
Taiwan.

            

    

     

    
      	
              2.4.2

            	
              The
      Licensee shall not manufacture or have manufactured the licensed
      product(s) outside this territory.  This is applicable to
      manufacture as defined in Annex II and do not comprise sub-suppliers
      manufacture.

            

    

     

    
      	
              2.4.3

            	
              the
      licensee has the right to sell lease and distribute the licensed products
      for installation in:

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      territory defined in Clause 2.4.1

            

    

     

    
      	
              2.4.4

            	
              The
      License is exclusive for the Licensee for the said
      territory.  The Licensor shall not allow other Licenses of the
      licensed product(s) to any other party for manufacture sale within the
      territory.

            

    

    
      
         

      

      
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    NORWIN

     

    
      	
              2.4.5

            	
              Where
      the Licensee is in breach of its obligations under this Clause, it shall
      be liable to pay damages.  This applies whether or not the
      Agreement is terminated in accordance with the provisions of Clause 2.9 or
      2.24.  Damages are any direct loss of profit the Licensor may
      have or any justified claim from third parties or any other of the
      Licensor's Licensees or contract partners because of Licensee's
      breach.  The Licensee shall immediately cease any breaching
      activities upon written notice and pay any damage compensation within
      thirty (30) days after receipt of a written claim for payment for damages
      by the licensor.  However, if the Licensee disagrees in its
      liability to pay the claimed damage, in full or part, the Licensee shall
      provide immediate notice this to the Licensor in writing not later than
      ten days (10) days after receipt of the written claim.  Both
      Parties are then entitled to proceed in accordance to Clause 2.27 "Dispute
      Resolution" .

            

    

     

    
      	
              Clause
      2.5

            	
              Assignment
      of License:

            

    

     

    
      	
              2.5.1

            	
              Except
      for assignment of the License from GAOKE to NWTC, the License shall not be
      assigned to any other legal party without the prior written consent of the
      Licensor.

            

    

     

    
      	
              Clause
      2.6

            	
              Sublicenses
      and Subcontracting:

            

    

     

    
      	
              2.6.1

            	
              The
      Licensee shall not, without the prior written consent of the Licensor, be
      entitled to subcontract manufacture, installation and service maintenance
      Catalogue B as defined in Annex II.  The Licensor shall not
      unreasonably withhold said consent from the
  Licensee.

            

    

     

    
      	
              2.6.2

            	
              The
      Licensee shall be entitled to subcontract the manufacture of components of
      Category A as defined in Annex II, and is free to choose convenient and
      qualified manufacturers and/or suppliers for this category of components
      without the prior written consent of the Licensor on the condition that
      the Licensor's right to reject the manufacturer or supplier in accordance
      with Clause 2.11.5 is extended to the manufacturer and/or
      supplier.

            

    

     

    
      	
              2.6.3

            	
              The
      Licensee shall be entitled to purchase components of Category C as defined
      in Annex II from any qualified supplier who is able to supply the
      components in compliance with the specifications without the prior written
      consent of the Licensor.  The Licensor shall assist the Licensee
      in evaluation of these suppliers if asked, without any further
      compensation.

            

    

     

    
      	
              2.6.4

            	
              The
      Licensee shall not, without the prior written consent of the Licensor, be
      entitled to change suppliers of components of category B as defined in
      Annex II.  However, the said consent shall not be unreasonably
      withheld from the Licensee after the execution of appropriate non-compete,
      nondisclosure and non-circumvention agreements with potential
      suppliers.  If the Licensee insists on choosing the supplier of
      components of category B as defined in Annex II with the disagreement of
      the Licensor, then Licensee shall be obligated to compensate all the loss
      caused by it.  However, the supplier chosen by the Licensee
      shall be proper and appropriate.  Wind turbines containing
      component of this category that are not approved by Norwin shall not in
      any way be assigned to Norwins brand
name.

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              Clause
      2.7

            	
              Registration
      of the License

            

    

     

    
      	
              2.7.1

            	
              Each
      of the Parties shall have the right to have the License registered, if
      such registration is possible under the laws of the country for which the
      License has been granted.  Each Party shall execute any and all
      documents necessary for said registration.  The cost of
      registration shall be borne by the Party requesting the
      registration.

            

    

     

    
      	
              Clause
      2.8

            	
              Drawings
      and Technical Information:

            

    

     

    
      	
              2.8.1

            	
              The
      Licensor shall supply, by the date agreed between the Parties, the
      Licensee with such drawings and technical information in his possession as
      are reasonably required for the manufacture of the Licensed
      Product(s).  The licensor shall transfer the said documents (as
      described in Annex II) to the Licensee who shall treat any such drawings
      and information as secret during and after the term of this
      Agreement.  The Licensee shall further impose the same
      obligation on any of his sub-licensees or subcontractors though the
      execution of a nondisclosure agreement, which shall make the subcontractor
      liable towards the Licensor for any breach of this
      obligation.  These documents remain the property of Norwin and
      shall if at a later date the license agreement become nul and void
      returned to Norwin at its registered office in
  Denmark.

            

    

     

    
      	
              Clause
      2.9

            	
              Limitation
      of Liability and Indemnification:

            

    

     

    
      	
              2.9.1

            	
              In
      the case of errors, discrepancies and other faults in the drawings and
      technical information supplied, the Licensor shall provide new and correct
      drawings or information as soon as possible without any cost to the
      Licensee.  The Licensor shall compensate the Licensee for any
      direct costs incurred as a result of such errors, discrepancies or faults
      up to a maximum amount to be defined and agreed upon by the Parties hereto
      on a per project basis.  The Licensor agrees to inform the
      Licensee, in good faith and without reservation of any errors,
      discrepancies and other faults, in writing, immediately upon becoming
      aware of any errors, discrepancies and other faults.  The
      licensor shall pay any compensation within forty five (45) days after
      receipt of a written claim for payment by the
      Licensee.  However, if the Licensor disagree in its liability to
      pay the claimed damage, in full or partly, the Licensor shall notice this
      to the Licensor in writing not later than forty five (45) days after
      receipt of the written claim.  Both Parties are then entitled to
      proceed in accordance to Clause
2.27.

            

    

     

    
      	
              2.9.2

            	
              The
      Licensor shall pay liquidated damages in an amount to be defined and
      agreed upon by the Parties hereto on a per project basis, for each week of
      delay in providing the drawings and technical information it is obliged to
      provide under Clause 1.1.4, 1.1.5, 2.1.7, 2.8, 2.9.1.  Unless
      otherwise agreed, the liquidated damages for each week shall equal not
      less than 5% of the royalty for the affected
  projects.

            

    

     

    
      	
              2.9.3

            	
              The
      Licensee shall indemnify, defend and hold the Licensor harmless from any
      claims from third parties for damage to property, personal injury and
      losses resulting from and caused by or in any way connected with the
      Licensee's use of the Licensed Technology and/or the Licensed Products
      unless the damage to property, personal injury and losses claimed by said
      third party can be proven to be a result of a design defect in the
      Licensed Technology and/or Licensed
Product.

            

    

    
      
         

      

      
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    NORWIN

     

    
      	
              2.9.4

            	
              The
      Licensor declares that, according to his knowledge at the date of
      signature of this Agreement, the Licensed Technology does not infringe
      industrial property rights of third parties in the territories defined in
      Clause 2.4.1 and 2.4.2.  If the use of the Licensed Technology
      nevertheless results in a claim for infringement of any industrial
      property right, the Licensee shall immediately inform the
      Licensor.  The Licensor shall be required to take over the
      conduct of any negotiations or litigation arising out of the claim for
      infringement.  The Licensee shall be entitled to participate, by
      giving written notice to the Licensor, in the conduct of any negotiations
      or litigation to the extent necessary to protect its
      interests.  The Licensor shall indemnify, defend and hold the
      Licensee harmless from any claims based on an infringement of any
      industrial property right of third parties based on the use of the
      Licensed Technology in conformity the
Agreement.

            

    

     

    The
Licensee shall have the right to withhold the royalty payments that become due
and payable until the claim is resolved.

     

    
      	
              2.9.1

            	
              Limitation of
      liability.  The liability of the Licensor towards the Licensee
      shall not in any case exceed the total amount of money received by the
      Licensor from the Licensee, such amount be again limited to the actual
      amount received for the transfer of the technology and shall not include
      the billed hours for support and
  training.

            

    

     

    
      	
              Clause
      2.10

            	
              Exploitation
      of License:

            

    

     

    
      	
              2.10.1

            	
              The
      Licensee undertakes to exploit the Licensed Technology in accordance with
      Clause 2.2.

            

    

     

    
      	
              2.10.2

            	
              If
      the Licensee's subcontractor (s) to which consent have been given by the
      Licensor in accordance with Clause 2.6.1 for manufacture of the Licensed
      Product should withdraw from its agreement(s) with the Licensee, for any
      reason, the Licensee shall inform the Licensor in writing within ten (10)
      days of the receipt of written confirmation of the subcontractor's intent
      to withdraw.  The Licensor shall then put the Licensee on
      written notice that the Licensee shall have a maximum of six (6) months to
      secure a contract with an approved subcontractor pursuant to Clause
      2.6.1.

            

    

     

    
      	
              Clause
      2.11

            	
              Technical
      Quality of the Licensed Products:

            

    

     

    
      	
              2.11.1

            	
              The
      Licensor certifies that designs on which the Licensed Products are based
      have been reviewed by recognised certification bodies including but not
      limited to Risoe, Det Norske Veritas and/or Germanisher
      Lloyd.  These institutions certify that the design systems are
      in accordance with applicable standards, authority requirements and good
      engineering practice at the time for the
review.

            

    

     

    
      	
              2.11.2

            	
              The
      version(s) produced by the Licensee might be reviewed and design approved
      by a recognised institution on request of the Licensor.  It is
      the responsibility of the Licensor to submit the technical documentation
      to the certifying institution.  The Licensee must pay the cost
      for the certification on agreed terms.  The Licensee must assist
      the Licensor in obtaining the needed specifications and documentation for
      applicable standards and
requirements.

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              2.11.3

            	
              The
      Licensee shall manufacture the Licensed product in accordance with the
      specifications as given in technical documents.  The Licensee is
      obligated to introduce a Quality Assurance system for manufacture of the
      Licensed Products in accordance with any and all required standards of the
      industry.  The Licensor shall assist the Licensee in the
      evaluation of the QA manual in order to ensure consistency with the design
      specifications.  Such systems shall require written confirmation
      of acceptance by Norwin.

            

    

     

    
      	
              2.11.4

            	
              If
      the Licensee subcontracts manufacture of the Licensed Products, the
      Licensee shall have the obligation to ensure that a Quality Assurance
      system pursuant to Clause 2.13 is applicable for the
      subcontractor.

            

    

     

    
      	
              2.11.5

            	
              The
      Licensor shall be entitled to check at the place of manufacturing whether
      the Licensed Products are of the required quality and may, by notice in
      writing delineating the deficiency and the steps necessary to cure said
      deficiency, prohibit the sale of products which are not in conformity with
      the quality specifications set out in Annex II.  If the Licensee
      fails to take the appropriate steps to cure the deficiency as delineated
      in the Licensor's written notice, and fails to attain the required quality
      within a period of six (6) months after receipt of said notice, the
      Licensor shall be entitled to either issue a written notice staying the
      Licensee's right to exploit the Licensed Technology for a delineated
      period of time during which period the Licensee may continue to take
      appropriate steps to cure the deficiency or, if the Licensee has not taken
      the appropriate actions as delineated by Licensor's written notice during
      the initial six (6) month period, the Licensor may terminate the Agreement
      pursuant to Clause 2.27.1.  During the manufacture process of
      licensee, the licensor is obligated to offer all technical
      assistance.  And also shall give the correct solution to the
      written questions which are put forward by the licensee or dispatch its
      personnel to give guide on site within 10 working
      days.  Otherwise, the licensee is entitled to ask for claim
      pursuant to the Clause 2.9 for losses due to this non-conformance by the
      Licensor.

            

    

     

    
      	
              Clause
      2.12

            	
              Technical
      Assistants:

            

    

     

    
      	
              2.12.1

            	
              The
      Licensor shall provide the Licensee with the services and technical advice
      of skilled personnel as described in Annex III.  Payments for
      these services are included in the payment for the License and Transfer of
      Technology, re. Clause 2.15.2.

            

    

     

    
      	
              2.12.2

            	
              Should
      GAOKE and/or Licensee request Norwin's assistance to source suppliers in
      China of component of Type B, re. Annex II, GAOKE shall reimburse to
      Norwin all direct expenses incurred in sending personnel to China to carry
      out such assistance.  Expense shall include their salaries,
      traveling expenses and hotel or apartment costs.  Such expenses
      to be paid within 10 business days of receipt of invoice by bank transfer
      in Euro to Norwin bank account.  Other service fee for Norwin
      shall have included in transfer
fee.

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              Clause
      2.13

            	
              Instruction
      of the Licensee's Employees and
Subcontractors:

            

    

     

    
      	
              2.13.1

            	
              The
      Licensor undertakes to instruct the employees of the Licensee and/or the
      Licensee's Subcontractor's employees in the use of the Licensed Technology
      within the scope of the License.  The extent and conditions for
      providing this instruction are specified in Annex
  III.

            

    

     

    
      	
              Clause
      2.14

            	
              Modification
      and Improvements of the Licensed
Technology:

            

    

     

    
      	
              2.14.1

            	
              The
      Licensed technology might be modified by the Licensor to meet requirements
      from the Licensee as mutually agreed to by both parties in
      writing.  The modifications include but not limited to meeting
      the local authority's requirements, market requirements, environmental
      requirements and production requirements and may also include some
      adjustments to be negotiated and made part of the modified
      agreement(s).

            

    

     

    
      	
              2.14.2

            	
              Licensor
      shall inform the Licensee, in writing, of any modifications or
      improvements of the Licensed Technology that the Licensor implements as
      improvement(s) of the Licensed
Technology.

            

    

     

    
      	
              2.14.3

            	
              The
      Licensee shall be entitled to use any modifications or improvements of the
      Licensed Technology devised by the Licensor during the duration of this
      Agreement on terms to be agreed.

            

    

     

    
      	
              2.14.4

            	
              The
      Licensor shall be entitled to use any modifications or improvements of the
      Licensed Technology made by the Licensee during the duration of this
      Agreement under the permission of the Licensee.  The concerned
      parts can negotiate a new license agreement.  Licensee can use
      any modifications or improvements devised with freedom or to license the
      third party to use them, provided that those modifications and
      improvements don't affect licensed technology and that the know-how
      communicated by the licensor and which is still secret, is not
      disclosed.

            

    

     

    
      	
              Clause
      2.15

            	
              Payment
      for License and Transfer of
Information:

            

    

     

    
      	
              2.15.1

            	
              The
      payment for the License and Transfer of Technology is US$ 3,500,000.00
      Dollars (Three million dollars) cash.  The Licensee shall pay
      this amount to the Bank Account which was informed to the licensee
      according to the instalment payments and time defined in Annex
      III

            

    

     

    
      	
              2.15.2

            	
              The
      payment for Transfer of Technology covers payment for the Licensor's
      obligations as described in Annex III.  This includes all the
      payments except for that as specified in the Clause 2.12.2.  For
      the use of labelling, it's free of
charge.

            

    

     

    
      	
              Clause
      2.16

            	
              Royalties:

            

    

     

    
      	
              2.16.1

            	
              There
      will be no per turbine Royalty to be paid by Licensee to the
      Licensor.

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              Clause
      2.17

            	
              Taxes:

            

    

     

    
      	
              2.17.1

            	
              Each
      Party shall be responsible for their own tax liabilities pursuant to the
      laws and stipulations of each party's country.  Payment of
      license and training from Licensee to Licensor shall be free of tax
      payable in China.

            

    

     

    
      	
              2.17.2

            	
              For
      any fees and future revenues paid by the Licensee to the Licensor for the
      new company, each Party shall be responsible for their own tax liabilities
      and the payment thereof pursuant to the laws and stipulations of the
      Chinese government and local
government.

            

    

     

    
      	
              Clause
      2.18

            	
              Labeling:

            

    

     

    
      	
              2.18.1

            	
              The
      Licensee shall mark all products made by it under this Agreement and
      supplied to its customers with serial numbers and shall affix to such
      products a label inscribed NORWIN.  Although the Norwin
      Labelling is used, Norwin shall not charge any fee of using the labelling
      or similar fees.

            

    

     

    
      	
              Clause
      2.19

            	
              Manufacture
      and Sale of Competing Products:

            

    

     

    
      	
              2.19.1

            	
              The
      Licensee shall not manufacture or distribute products competing with the
      Licensed Products.  Therefore, the Licensee shall not directly
      or indirectly deal with competing products on markets defined in Clause
      2.4.2.

            

    

     

    
      	
              2.19.2

            	
              The
      products out of the range of 500KW - 800KW are not regarded as competitive
      products.

            

    

     

    
      	
              Clause
      2.20

            	
              Obligation
      to Buy from the Licensor or from Designated
  Suppliers.

            

    

     

    
      	
              2.20.1

            	
              If
      the licensee needs, the obligation of the licensee to buy from designated
      Suppliers or the Licensor is restricted to components of Category B as
      defined in Annex II.

            

    

     

    
      	
              2.20.2

            	
              The
      obligation of the Licensee to buy from Designated Suppliers or from the
      Licensor shall only be justified by technical considerations, quality,
      certification and/or insurance requirements or by an essential interest of
      the Licensor to protect key know
how.

            

    

     

    
      	
              2.20.3

            	
              The
      Parties are obligated to inform one another of any commercial interest or
      affiliation that Party may have to any third party
    supplier.

            

    

     

    
      	
              Clause
      2.21

            	
              Protection
      of the Licensed Technology.

            

    

     

    
      	
              2.21.1

            	
              The
      Parties shall consult each other on methods of preventing third parties
      from illegally using the Licensed Technology, i.e. misappropriating the
      licensed Know-how while taking into account the respective interests of
      each Party.  In particular, they shall assist each other in
      bringing proceedings against violators to the full extent permitted by the
      applicable law.  The Party which decides to take proceedings
      shall bear the cost and enjoy the benefit thereof, the other Party shall
      provide, upon written request, all necessary authorisations and
      signatures.  If the Parties agree to commence proceedings
      jointly, the costs and benefits thereof shall be divided fifty/fifty (50%
      each).

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              Clause
      2.22

            	
              Challenge
      of the Licensed Technology

            

    

     

    
      	
              2.22.1

            	
              The
      Licensee shall within a period from signature of this agreement until six
      months after Milestone 3 described in Annex III has been reached be
      entitled to challenge the Licensed Technology if the Licensed Technology
      is found not applicable or sufficient for manufacture of the Licensed
      Product(s).  The Licensor shall bear the burden of proving its
      position that the Licensed Technology is still applicable and
      sufficient.  Should the Licensor fail to meet this burden, the
      Licensee shall be entitled to terminate this Agreement and to execute it
      according to Clause 2.9 and/or 2.27.  After 12 months after
      Milestone 3 shall the Licensee refrain from challenge of the Licensed
      Technology.

            

    

     

    
      	
              Clause
      2.23

            	
              Duration
      of the Agreement:

            

    

     

    
      	
              2.23.1

            	
              The
      term of this agreement shall be twenty (20) years from the date of
      execution by the Parties hereto.

            

    

     

    
      	
              2.23.2

            	
              After
      expiration of the Agreement re. Clause 2.23.1, the Licensee is still
      entitled to produce and sell the product(s) cover by this Agreement, but
      with no obligations for the Licensor.  After the expiration, the
      Licensee shall not be entitled to use the Brand name of the Licensor and
      in any other way make reference to the Licensor, unless this has been
      agreed in writing.

            

    

     

    
      	
              2.23.3

            	
              After
      expiration of the Agreement re. Clause 2.23.1, the Licensor is free from
      any obligations towards the Licensor and is entitled freely to exploit the
      product(s) cover by this Agreement, either directly or through agreements
      with other parties.

            

    

     

    
      	
              Clause
      2.24

            	
              Termination:

            

    

     

    
      	
              2.24.1

            	
              Without
      prejudice to any express provisions for termination contained herein, this
      Agreement may be terminated if there is a substantial breach of the
      Agreement.  Such termination may also take place where there
      have been such changes in the legal structure or ownership of one of the
      Parties that they seriously affect the results the other Party could
      reasonably expect from the Agreement.  In case of termination
      for breach or other reason attributable to the Licensee, the Licensee
      shall return all drawings, documents and tools received, and shall cease
      to manufacture the Licensed Products or to use or disclose the Licensed
      Technology brought to his knowledge by the
  Licensor.

            

    

     

    
      	
              Clause
      2.25

            	
              Secrecy:

            

    

     

    
      	
              2.25.1

            	
              Any
      technical, commercial or financial information communicated between the
      Parties which the communicating Party has indicated to be confidential or
      which is otherwise of a confidential nature i.e. all trade secrets,
      proprietary matters, business procedures, customer lists, pricing and
      commissions, needs of customers, manufacturing processes and all matters
      which are competitive and confidential in nature shall not be disclosed by
      the receiving Party without the prior written permission of the disclosing
      Party.

            

    

     

    
      
         

      

      
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    NORWIN

     

    
      	
              2.25.2

            	
              The
      Licensee shall not communicate to third Parties the Licensor's trade or
      manufacturing secrets or any other confidential information disclosed to
      the Licensee pursuant to this Agreement.  This shall continue to
      apply even after the expiry of this agreement for a period of five (5)
      years.

            

    

     

    
      	
              2.25.3

            	
              The
      Licensee shall impose upon any employees having access to the communicated
      information and/or trade or manufacturing secrets, to treat these as
      secret and neither use them for their own purposes nor make them
      accessible to third Parties.  The employees' secrecy obligation
      shall also extend beyond their period of employment for a period of ten
      (10) years.

            

    

     

    
      	
              Clause
      2.26

            	
              Applicable
      Law:

            

    

     

    
      	
              2.26.1

            	
              The
      Agreement shall be governed by the applicable law of China and
      Denmark.  The version of the Agreement in the English language
      shall be the governing version.

            

    

     

    
      	
              Clause
      2.27

            	
              Resolution
      of Disputes:

            

    

     

    
      	
              2.27.1

            	
              All
      disputes arising under or in connection with the present Agreement shall
      be finally settled by the Rules of Arbitration of the International
      Chamber of Commerce.  The Arbitration shall take place in the
      Peoples Republic of China (or at any other place or under any other form
      of arbitration acceptable to the parties) at a mutually agreeable location
      to the parties.  The parties will make every reasonable effort
      to resolve disputes, controversies or claims prior to any such dispute,
      controversy or claim reaching a state that requires implementation of this
      Section for resolution.  One party desiring to submit to
      arbitration any such dispute, controversy or claim shall furnish its
      demand for arbitration in writing to the other party, which demand shall
      contain a brief statement of the matter in
  controversy.

            

    

     

    If the
parties are unable to agree upon the identity of a single arbitrator, within
thirty (30) days from the receipt of such demand, each party within a period of
fifteen (15) additional days, shall name one (1) arbitrator by written notice to
the other party.  Within ten (10) days after this notice, the two (2)
arbitrators so named shall choose a third arbitrator.

     

    If any
party fails to name an arbitrator within the period or if the two (2)
arbitrators chosen by the parties fail to select a third arbitrator within above
mentioned period, then either party, on behalf of and on notice to the other
party, may request appointment by the International Chamber of Commerce (or any
organization successor thereto) in accordance with its rules then prevailing of
the required additional arbitrator(s) so that there shall be a panel of three
(3) arbitrators.

     

    If the
International Chamber of Commerce (or such organization successor thereto)
should fail to appoint the necessary arbitrator(s) within fifteen (15) days
after such request is made, then either party may apply, on notice to the other
party, to a court of competent jurisdiction for the appointment of such
necessary additional arbitrators.  Pre-hearing discovery, including
the right to take depositions and interrogatories, shall be permitted in the
time and manner provided by the then applicable Rules.  All disputes
arising under or in connection with the present Agreement shall be finally
settled by one or more arbitrators appointed by International Chamber of
Commerce according to the Rules of Arbitration.  All the arbitration
shall be carried out in mutual agreeable location of People's Republic of
China.

    
      
         

      

      
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    NORWIN

     

    
      	
              2.27.2

            	
              Each
      party shall furnish the arbitrator or arbitrators and the other party with
      a written statement of matters it deems to be in controversy for purposes
      of the arbitration procedures.  Such statement shall also
      include all arguments, contentions and authorities which it contends
      substantiate its position.  Hearings may be scheduled by the
      arbitrators.  The arbitrators shall render their decision, upon
      the concurrence of at least two (2) of their number, as soon as possible
      but no later than thirty (30) days after the conclusion of any hearings
      before such arbitrators.  The decision and judgement shall in
      either case be in writing and counterpart copies thereof shall be
      delivered to each party.  Such decision shall be based solely on
      the written arguments and contentions coupled in appropriate cases with
      evidence and/or legal authorities, submitted by each
  party.

            

    

     

    
      	
              2.27.3

            	
              Notwithstanding
      the above, in the event any arbitrator appointed by a party dies, refuses
      to act, or becomes incapable of acting, then such party shall appoint a
      successor within five (5) days of the notice of said
      disability.  In the event such party fails to appoint the
      required successor within such time, the other party, on notice to such
      party, may apply to court of competent jurisdiction for the appointment of
      such necessary arbitrator.

            

    

     

    
      	
              2.27.4

            	
              The
      arbitration fee shall be borne by applying part.  Each party
      shall pay for and bear the cost of its own experts, evidence and counsel's
      fees.

            

    

     

    
      	
              2.27.5

            	
              Any
      such arbitration must be commenced no later than One (1) year from the
      date such claim or controversy
arose.

            

    

     

    
      	
              2.27.6

            	
              The
      award of the arbitrators shall be final and binding and judgment may be
      entered in any court of competent jurisdiction in
  China.

            

    

     

    
      
         

      

      
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      NORWIN

    

     

    CONTENT:

     

    
      	
              ANNEX
      I:

            	
              THE
      LICENSED PRODUCT AND KNOW HOW

            
	 
      	 
      
	
              ANNEX
II:

            	
              THE
      NAME, DESCRIPTION, DRAWING AND TECHNICAL SPECIFICATION TO LICENSED
      PRODUCT

            
	 
      	 
      
	
              ANNEX III:     

            	
              NORWIN's
      ASSISTANCE AND THE PLAN OF TECHNICAL INFORMATION
  TRANSFER

            
	 
      	 
      
	
              ANNEX
      IV:

            	
              COOPERATION
      IN RESEARCH AND DEVELOPMENT

            

    

     

    The
parties agree to review and renew this agreement when meeting for starting up
the cooperation takes place in order to clarify unclear points and overseen
issues.

     

    The
Parties Engaged in This Agreement

     

    
      	
              COMPANY
      NAME:

            	
              COMPANY
      NAME

            
	 
      	 
      
	
              LIAONING
      GAOKE ENERGY GROUP

            	
              Norwin
      A/S, Denmark 16/02/2007

            
	 
      	 
      
	
              16/02/2007

            	 
      
	 
      	 
      
	
              LEGAL
      REPRESENTATIVE: /s/ Lu Jinxiang

            	
              LEGAL
      REPRESENTATIVE: /s/ Per Lading

            
	 
      	 
      
	
              Authorized
      agent(signature):

            	
              Authorized
      agent(signature):

            
	 
      	 
      
	
              Stamp:

            	
              Stamp:

            
	 
      	 
      
	
              Address:

            	
              Address:

            
	 
      	 
      
	
              Tel:

            	
              Tel:

            
	 
      	 
      
	
              Postcode:

            	
              Postcode:

            
	 
      	 
      
	
              Fax:

            	
              Fax:

            
	 
      	 
      
	
              Bank
      of deposit:

            	
              Bank
      of deposit:

            
	 
      	 
      
	
              Account
      No.

            	
              Account
      No.

            

    

     

    
      
         

      

      
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    NORWIN

     

    ANNEX
I

     

    The
Licensed Product type and technological description

     

    
      	
              1.

            	
              The
      License Agreement covers the following
products:

            

    

     

    NORWIN 47
and NORWIN 29

     

    
      	
              2.

            	
              Technical
      description of Norwin 47/750 and Norwin
29/225.

            

    

     

    To be
added later

     

    
      	
              3.

            	
              Types
      A, B, C component chart

            

    

     

    To be
added later.

     

    
      	
              4.

            	
              The
      License Agreement shall enable the licensee to produce the said product in
      one or more versions.

            

    

     

    Consequently,
the transfer of manufacturing 'know how' from the Licensor to the Licensee
comprises:

     

    a:           Transfer
of basic technical documents.  With these documents, production of the
current 'state-of-the-art' version of the wind turbine is
possible.  The documents are executed according to 2.1.7,
including:

     

    
      	
               
      

            	
              ·

            	
              Complete
      set of drawings.

            

    

     

    
      	
               
      

            	
              ·

            	
              Complete
      set of specifications.

            

    

     

    
      	
               
      

            	
              ·

            	
              Complete
      part lists

            

    

     

    
      	
               
      

            	
              ·

            	
              List
      of suppliers, which can be used, but not has to be used for all of
      them

            

    

     

    Certification
documents

     

    b:           Train
the key personnel, as defined, to be involved in production, installation and
service/maintenance of the Licensed Product for the first manufacturing run of
ten (10) turbines.  Training assistance in clarification of technical
issues related to the initial product run of ten turbines as well as production,
installation and first two years of service from day of completion of the
initial product.

     

    
      	
              5.

            	
              Assistance
      in review of manuals provided in Danish and Chinese as adopted by the
      Licensee to the Licensees condition
for:

            

    

     

    
      	
               
      

            	
              ·

            	
              process
      and manufacture

            

    

     

    
      	
               
      

            	
              ·

            	
              Assemble

            

    

     

    
      
        
        

      

      
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      NORWIN

       

    

    
      	
               
      

            	
              ·

            	
              Erection
      and installation

            

    

     

    
      	
               
      

            	
              ·

            	
              Service
      and maintenance

            

    

     

    
      	
               
      

            	
              ·

            	
              Consumer's
      manuals

            

    

     

    
      
         

      

      
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    NORWIN

    ANNEX
II

     

    ANNEX
II:  THE NAME, DESCRIPTION, DRAWING AND TECHNICAL SPECIFICATION TO
LICENSED PRODUCT

     

    
      	
              1.

            	
              Definition
      of product and product
modifications.

            

    

     

    The
licensed product is defined in Annex I.

     

    
      	
              2.

            	
              Definition
      of manufacture, installation, service and warranty
  period

            

    

     

    Manufacturer/manufacture
entity:  The manufacturer is the legal entity responsibility
for manufacture of the product.  Manufacture, comprises at least final
assembly of the product and purchasing of components for assembly.

     

    Installer/installation
entity:  The installer is the legal entity responsibility for
installation of wind turbines on site and at least performs supervision and
final check of correct installation of wind turbines.

     

    Service/maintenance/entity:  Covers
the legal Manufacturer's responsibility for service and maintenance during the
warranty period of the wind turbines supplied as well as the practical work for
service and maintenance in the warranty period.

     

    Warranty
period:  The typical two year, period in which the manufacturer
warrants the product.  However, the warranty period must be defined as
a period starting from the time where the turbine is put into operation (i.e.
producing power) and not start later than 1 month after manufacture with no
regard to the formal ownership of the turbine.  The Manufacturer's
Warranty period does not exceed two years.

     

    
      	
              3.

            	
              Component
      types - change of components.

            

    

     

    Definition
of components are categorized as Types; A, B, and C below, as referred to in the
License Agreement, Annex I.  The part list(s) issued by the Licensor
will define the category for each component on the list as either:

     

    
      	
              A.

            	
              Special
      designed component.

            

    

     

    These are
components designed by the Licensor and manufactured in accordance with drawings
and any applicable referenced specifications including but not limited
to:  typical machined, welded, forged and/or cast steel
components.  These components can in principle be manufactured by any
workshop qualified meet or exceed the standards and specifications set forth in
the drawings and specifications to fabricate these kinds of
components.

     

    
      	
              B.

            	
              Specified
      components.

            

    

     

    These are
components, where the Licensor has specified the minimum requirements, but not
in details how these requirements should be met.  The detailed design
of these components is the supplier's responsibility.  Examples of
such components are blades, main gear and generator.  Most of the
components in this category are specified by the name of the supplier and his
part/type number.  These components generally not covered by the
Licensor's design other than by reference.

     

    
      
         

      

      
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      NORWIN

       

    

    
      	
              C.

            	
              Standard
      components.

            

    

     

    These are
components manufactured in accordance to a given standard, including but not
limited to bolts, nuts and washers, as well as some roller and ball
bearings.  Typically, different makes of these standard components can
be used arbitrarily.  Off-the-Shelf Parts described in Manufactures
catalogue might also be included in this category.

     

    
      
         

      

      
        Page 19
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      NORWIN

       

    

    ANNEX
III

     

    PLAN
OFFERED BY NORWIN FOR TRANSFER OF KNOW HOW

     

    
      	
              1.

            	
              General

            

    

     

    The
transfer of technology, the training and the technical support includes the
following:

     

    
      	
              ·

            	
              The
      Licensee is a single line organization such that the transfer, training,
      and support will not be given separately and in parallel to more
      departments or individuals.

            

    

     

    
      	
              ·

            	
              The
      Licensee forms a sufficient organisation and employs a staff of personnel
      qualified to understand and use the information and training
      received.

            

    

     

    
      	
              ·

            	
              Instructions,
      verbal or written, will be in English language.  The staff to
      receive the instructions must understand this
  language.

            

    

     

    
      	
              2.

            	
              Plan
      for know how transfer

            

    

     

    The plan for technology transfer and
training is shown in Figure 1 and Table 1 and 2.

     

    
      
         

      

      
        Page 20
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      NORWIN

       

    

    Figure
1:  Draft Gantt chard for technology transfer

     

    

     

    The plan
might be subject to changes according to planning taking place during the kick
off conference and later progress.

     

    
      
         

      

      
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    NORWIN

    Table
1 Task Description

     

    
      
        
          
            
              	
                      Task

                    	 
      	
                      Description:

                    	 
      	
                      Responsible:

                    	 
      	
                      Assistance

                    
	 	 	 	 	 	 	 
	
                      Task
      1

                    	 
      	
                      Start up The Parties
      prepare themselves for the technology transfer and production of the first
      turbines.

                    	 
      	
                      All
      Licensee

                    	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      1.        Sale
      activity for the licensed product

                    	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                      Task
      2

                    	 
      	
                      Planning
      of assembly plant.

                    	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      Draft
      flow chart for assembly

                    	 
      	
                      Norwin

                    	 
      	
                      Licensee

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      Draft
      tools and equipment specification

                    	 
      	
                      Norwin

                    	 
      	
                      Licensee

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      1.        Lay
      out and specification of assembly plant

                    	 
      	
                      Licensee

                    	 
      	
                      Norwin

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                      Task 3

                    	 
      	
                      Planning
      of transfer of technology

                    	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      1.        Arranging
      kick-off conference comprising:

                    	 
      	
                      Norwin

                    	 
      	
                      Licensee

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      ·          Plan
      for know how transfer and training

                    	 
      	
                      Norwin

                    	 
      	
                      Licensee

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 	 
      	
                      ·          General
      introduction to wind power technology

                    	 
      	
                      Norwin

                    	 
      	
                      Licensee

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      ·          Detailed
      technical walkthrough the licensed product

                    	 
      	
                      Norwin/Licensee

                    	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      2.        Arranging
      conference facilities.

                    	 
      	
                      Licensee

                    	 
      	
                      Norwin

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                      Task
      4

                    	 
      	
                      0-serial.  Planning,
      manufacture, installation, service and related training.

                    	 
      	
                      Norwin/Licensee

                    	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      1.    
         Specification of minor modifications resulting from
      experiences during the process of planning and preparation of the
      production.

                    	 
      	
                      Norwin/Licensee

                    	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      2.    
         Identification of suppliers and negotiations

                    	 
      	
                      Norwin

                    	 
      	
                      Norwin

                    
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                      3.     
        Production

                    	 
      	
                      Licensee

                    	 
      	
                      Licensee

                    

            

          

        

      

       

      
        
          
          

        

        
          Page 22
of 28

          
            

          

        

        
          
          

        

      

      
         

        NORWIN

      

       

      
      

      
        
          
            	
                    Task

                  	 
      	
                    Description:

                  	 
      	
                    Responsible:

                  	 
      	
                    Assistance

                  
	 	 	 	 	 	 	 
	 
      	 
      	
                    4.      
       Production related training

                  	 
      	
                    Norwin

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    5.     
        Installation

                  	 
      	
                    Licensee

                  	 
      	
                    Licensee

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    6.      
       Installation related training

                  	 
      	
                    Norwin

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    7.      
       Service

                  	 
      	
                    Licensee

                  	 
      	
                    Licensee

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    8.      
       Service related training

                  	 
      	
                    Norwin

                  	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    Task
      5

                  	 
      	
                    1-serial.  Planning,
      manufacture, installation, service and related training.

                  	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    1.   
          Specification of minor modifications resulting
      from experiences during manufacture of 0-serial

                  	 
      	
                    Licensee/Norwin

                  	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    2.    
         Identification of suppliers and
    negotiations

                  	 
      	
                    Licensee/Norwin

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    Production

                  	 
      	
                    Licensee

                  	 
      	
                    Licensee

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    3.  
           Production related training

                  	 
      	
                    Norwin

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    4.     
        Installation

                  	 
      	
                    Licensee

                  	 
      	
                    Licensee

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    5.      
       Installation related training

                  	 
      	
                    Norwin

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    6.   
          Service

                  	 
      	
                    Licensee

                  	 
      	
                    Licensee

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    7.    
         Service related training

                  	 
      	
                    Norwin

                  	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    Task
      6

                  	 
      	
                    ISO
      9000 QA certification of manufacture

                  	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    1.    
         Agreement with approving institution

                  	 
      	
                    Licensee

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    2.    
         Preparation of QA manual and documentation for
      approval

                  	 
      	
                    Licensee

                  	 
      	
                    Norwin

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    Task
      7

                  	 
      	
                    Follow
      up

                  	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                    1.  
           Evaluation of the technology transfer and
      training.

                  	 
      	
                    Licensee/Norwin

                  	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                      

                  	
                    2.   
          Completion of outstanding issues
        

                  	 
      	
                    Licensee/Norwin

                  	
                      

                  	 
      

          

        

      

       

      
        
          
          

        

        
          Page 23
of 28

          
            

          

        

        
          
          

        

      

      
         

        NORWIN

         

      

      
        
          	
                  Milestone

                	 
      	
                  Description:

                	 
      	
                  Responsible:

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  S
      1

                	 
      	
                  Agreement
      signed

                	 
      	
                  NW

                	
                  0

                	
                  0

                	
                  0

                
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  1.      
       Hand over of documents for main components.

                	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      2

                	 
      	
                  Start
      of technology transfer

                	 
      	
                  NW

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  Hand
      over of part list and all related documents.

                	 
      	
                  NORWIN

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	
                  Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      3

                	 
      	
                  Start
      of 0-Serial

                   

                  1.       
      Contracts for 0-serial finalised

                	 
      	
                  Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      4

                	 
      	
                  Start
      of assembly 0-Serial

                	 
      	
                  NW

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  1.        Major
      part supplied

                	 
      	
                  NORWIN

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  2.        Production
      facilities ready

                	 
      	
                  Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	
                  Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      5

                	 
      	
                  Start
      of 1-Serial

                   

                  1.        Contracts
      for 1-serial finalised

                	 
      	
                  Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      6

                	 
      	
                  0-serial
      built

                	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  0-serial
      built

                	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  1.        As
      built part list and documents prepared

                	 
      	
                  Licensee/NW

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  2.        Related
      training completed

                	 
      	
                  NW/Licensee

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  MS
      7

                	 
      	
                  0-serial
      and in operation.  0-serial installed and put into
      operation

                	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                  1.        Related
      training in installation and service completed

                	 
      	
                  Licensee/NW

                	 
      	 
      	 
      

        

      

       

      
        
          
          

        

        
          Page 24
of 28

          
            

          

        

        
          
          

        

      

      
         

        NORWIN

      

       

      
        
          
            
              
                
                  
                    
                      	
                              Milestone

                            	 	
                              Description:

                            	 	
                              Responsible:

                            	 
      	 
      	 
      
	 
      	 	 
      	 	 
      	 
      	 
      	 
      
	
                              MS
      8

                            	 	
                              1-serial
      built

                               

                              1-serial
      built

                               

                              As
      built part list and documents prepared

                               

                              Related
      training completed

                            	 	
                               

                               

                              SPS/NW

                               

                              NW/SPS

                               

                              NW
      NORWIN

                               

                              Licensee

                            	 
      	 
      	 
      
	 
      	 	 
      	 	 
      	 
      	 
      	 
      
	
                              MS
      9

                            	 	
                              1-serial
      installed and in operation.  1-serial installed and put
      into operation

                            	 	
                               

                            	 
      	 
      	 
      
	 	 	 	 	 	 	 	 
	 	 	1.        Related
      training in installation and service completed	 	
                              Licensee/NW

                               

                              NW

                               

                              NORWIN

                            	 	 	 
	 
      	 	 
      	 	 
      	 
      	 
      	 
      
	
                              MS
      10

                            	 	
                              ISO
      9000 Certified ISO 9000

                               

                              1.        ISO
      9000 QA system for manufacture certified and wind turbine manufacturing
      national certified

                            	 	
                               

                               

                              Licensee

                            	 
      	 
      	 
      
	 
      	 	 
      	 	 
      	 
      	 
      	 
      
	
                              MS
      11

                            	 	
                              Technology
      transfer and training completed

                               

                              1.        Outstanding
      issues re. follow up task completed

                            	 	
                              NW/Licensee

                               

                              Licensee

                            	 
      	 
      	 
      

                    

                  

                

              

            

          

        

      

    

     

    Payment
schedule:

     

    The total
payment of USD 3,500,000.00 covering License fee is to be paid as
follows:

     

    
      	
              1.

            	
              Downpayment
      30%.  To be paid not later than two months after signing this
      agreement.

            

    

     

    
      	
              2.

            	
              Second
      payment 20%.  When the assembly factory in Shenyang is ready for
      assembling but not later than December 20,
2007.

            

    

     

    
      	
              3.

            	
              The
      balance 50% to be paid by 1% for each wind turbine assembled in the
      factory up to 50 units.  Payment takes place by the end of each
      quarter in the calendar year for the number of turbines assembled in the
      quarter.  However, the total balance of 50% shall be paid in
      full not later than February 15,
2009.

            

    

     

    
      
        
        

      

      
        Page 25
of 28

        
          

        

      

      
        
        

      

    

    
       

      NORWIN

    

     

    
      	
              3.

            	
              Comments
      to tasks.

            

    

     

    Kick-off
Conference (Task 3):

     

    The
conference is supposed to last two weeks in People's Republic of China at the
facilities of the Licensee.  The purpose is planning of the technology
transfer and training and some initial general product
training.  After the conference, an on-site guide and instruction will
be held in Denmark.  The agenda could comprise:

     

    
      	
               
      

            	
              ·

            	
              General
      course in wind energy technology.

            

    

     

    
      	
               
      

            	
              ·

            	
              General
      course in the design of the Norwin wind
turbine.

            

    

     

    
      	
               
      

            	
              ·

            	
              Visit
      to the proposed production facilities and discussions concerning building
      up of production facilities and
organization.

            

    

     

    
      	
               
      

            	
              ·

            	
              Discussion
      of the market and the expectation for the
  consortium.

            

    

     

    
      	
               
      

            	
              ·

            	
              Discussion
      and planning of the remaining process for transfer of know-how and
      training.

            

    

     

    Building
and installation of series 0 and concurrent training (Task 6).

     

    This
phase presuppose building and installation of a batch of machines (possibly 10)
at the Licensee's production site as a premises.  The manufacturer of
the turbines is the Licensee, but the Licensor will assist in all sub-phases
from planning and organizing the production, purchasing, manufacture,
installation and service.  Training of the Licensee's staff takes
place during the process.

     

    The phase
is divided into four sub-phases.

     

    
      	
              ·

            	
              The
      first comprises modifications and preparation of final part lists for the
      manufacture, identification, negotiations and selection of sub-suppliers
      and the purchase of components.

            

    

     

    
      	
              ·

            	
              The
      second is assembly of the turbines in China at the licensee's
      facility.

            

    

     

    
      	
              ·

            	
              The
      third is the products test.

            

    

     

    
      	
              ·

            	
              The
      fourth is installation and training in installation as well as
      service/maintenance of the
turbines.

            

    

     

    Building
and installation of Series 1 and concurrent training (Task 7).

     

    This
phase is similar to Phase A2, but with a batch of turbines (possibly
10).

     

    All
facets of this phase will be supervised by Norwin staff.

     

    
      
        
        

      

      
        Page 26
of 28

        
          

        

      

      
        
        

      

    

    
       

      NORWIN

    

     

    Follow
up and final training (Task 11).

     

    This
phase constitute the end of the transfer of know how and training.  It
comprises an evaluation of the earlier phases and follow up on training etc.
where needed.

     

    ISO and
Manufacturing International Approval Phase:

     

    
      
         

      

      
        Page 27
of 28

        
          

        

      

      
         

      

    

     

    NORWIN

     

    ANNEX
IV

     

    COOPERATION
IN RESEARCH AND DEVELOPMENT

     

    Norwin
and GAOKE agree to cooperate for research and development (R&D) of a new
wind power related product, a 1.5 MW and above wind turbine in order to enable
the joint venture company NWTC with access to comprehensive technology
applicable to the said new turbine product.

     

    A new
Research Centre will be opened in Shenyang, China.  This shall be
affiliated to NWTC and Norwin.

     

    Norwin's
main research center will remain in Denmark, but intend establish R&D
activities in China in order to strengthen cooperation in this
field.  This will be done legally in the way found most
convenient.

     

    In
addition, the research center will co-establish the research institute with
Tsinghua University, Shenyang Industrial University and other research
institutions and entities of interest.

     

    A further
cooperation will be established by Norwin and/ or Gaoke with a British
University for the development of the direct drive machine.

     

    Joint
research projects shall be managed on project basis, i.e. before start of a
project an agreement shall be made stating sharing of costs, task managing and
work as well as the rights to the results.  Should one party not elect
in writing to move forward with any research project then the other party can
continue for its own benefit at its own cost.

     

    
      
         

      

      
        Page 28
of 28Unassociated Document

    Technology
License Use Agreement

     

    entered
into this day,                    
day of                    

    by and
among

     

    LIAONING
GAOKE ENERGY GROUP

     

    (GAOKE)

    located
at

    No.64
Huanghai Road Yuhong District Shenyang City, CHINA,

    Represented
by President Lü
Jinxiang

     

    And

     

    NORWIN
A/S

     

    (Norwin)

    located
at

    Industrileddet
13

    DK 4000
Roskilde

    Denmark

     

    And

     

    SHENYANG
GOLD LUCKY ELECTRIC POWER

    EQUIPMENT
CO., LTD

     

    (GOLD
LUCKY ELECTRIC POWER)

    located
at

    No.22
Century Road Hunnan New District Shenyang City, CHINA

    Represented
by President Wang
Yunbo

    
      
         

      

      
        page 1 /
2

        
          

        

      

      
         

      

    

    In view
of the INTERNATIONAL TECHNOLOGY
LICENSE AGREEMENT FOR LICENSING OUTSIDE THE EU/EEA signed on February
16th, 2007
between LIAONING GAOKE ENERGY
GROUP and NORWIN
A/S and in view that SHENYANG GOLD LUCKY ELECTRIC POWER
EQUIPMENTS CO., LTD. is the actual Know-How user and has built up a wind
turbine generation system facility for it.  In this respect, LIAONING GAOKE ENERGY GROUP
and NORWIN A/S both
agree to transfer this Know-How to SHENYANG GOLD LUCKY ELECTRIC POWER
EQUIPMENTS CO., LTD. free of charge.  SHENYANG GOLD LUCKY ELECTRIC POWER
EQUIPMENTS CO., LTD. promises to perform all the responsibilities and
obligations of LIAONING GAOKE
ENERGY GROUP stipulated in the INTERNATIONAL TECHNOLOGY LICENSE
AGREEMENT FOR LICENSING OUTSIDE THE EU/EEA signed on February 16th, 2007,
between LIAONING GAOKE ENERGY
GROUP and NORWIN
A/S, including but not limited to all the frame contracts, agreements,
letters of intent and contracts concerning all the documentation of wind turbine
generation system, which were signed by LIAONING GAOKE ENERGY GROUP
and NORWIN A/S, all the
frame contracts, agreements, letters of intent and contracts concerning all the
documentation of wind turbine generation system, which will be signed by LIAONING GAOKE ENERGY GROUP
and NORWIN A/S and SHENYANG GOLD LUCKY ELECTRIC POWER
EQUIPMENTS CO., LTD. together and all the frame contracts, agreements,
letters of intent and contracts concerning all the documentation of wind turbine
generation system, which will be signed by any two companies among LIAONING GAOKE ENERGY GROUP, NORWIN
A/S and SHENYANG GOLD LUCKY ELECTRIC POWER EQUIPMENTS CO.,
LTD.

     

    
      
        
          	
                  Shenyang,
      PR-CHINA, 2009-01-12

                	 
      	
                  Industrileddet
      13

                
	 
      	 
      	
                  DK
      4000 Roskilde Denmark

                
	 
      	 
      	
                  2009-01-12

                
	
                  GAOKE

                	 
      	
                  Norwin
      A/S

                
	 
      	 
      	 
      
	
                  By 
      /s/ Lu
      Jinxiang

                	 
      	
                  By /s/ Per
Lading

                
	
                  LEGAL
      REPRESENTATIVE

                	 
      	
                        
                    LEGAL
      REPRESENTATIVE

                  

                
	 
      	 
      	 
      
	
                  Name:
      Lu
      Jinxiang

                	 
      	
                  Name: Per Lading

                
	
                  Position: President

                	 
      	
                  Position:
      Director

                
	 
      	 
      	 
      
	
                  Shenyang,
      PR-CHINA, 2009-01-12

                	 
      	 
      
	 
      	 
      	 
      
	
                  GOLD
      LUCKY ELECTRIC POWER

                	 
      	 
      
	 
      	 
      	 
      
	
                  By /s/ Wang
      Yunbo

                	 
      	 
      
	 
      	 
      	 
      
	
                  Name: Wang
      Yunbo

                	 
      	 
      
	 
      	 
      	 
      
	
                  Position:
      General
      Manager

                	 
      	 
      

        

      

    

    
      
         

      

      
        page 2 /
2

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