Document:

EX-4.19

Exhibit 4.19

English Translation

Mortgage Contract under Loan Contract No. 1300401212008510121

MORTGAGE CONTRACT

IN CONNECTION WITH

CHINA DEVELOPMENT BANK FOREIGN EXCHANGE LOAN

			
	Mortgagor:	 	Yingli Energy (China) Company Limited

			
	Mortgagee:	 	China Development Bank

1

 

			
	Mortgagor:	 	Yingli Energy (China) Company Limited

Domicile: No.3399, Chao Yang North Road, Baoding, Hebei Province

Legal Representative: Miao Liansheng

Postcode: 071051

Handling Person: Liu Yang

Tel: 0312-8929705

Fax: 0312-3151881

			
	Mortgagee:	 	China Development Bank

Domicile: 29, Fuchengmeiwai Avenue, Xicheng District, Beijing

Legal Representative: Chen Yuan

Postcode: 100037

Handling Branch: Heibei Province Branch, CDB

Domicile of Handling Branch: Building B, Yuyuan Plaza, No.9 Yuhua West Road,

Shijiazhuang

Head of the Handling Branch: Wang Lihong

Postcode: 050051

Handling Person: Lu Yilin

Tel: 0311-85518761

Fax: 0311-85288091

2

 

In order to ensure the performance by the Borrower, Yingli Energy (China) Company Limited ,
of the Loan Contract No. 1300401212008510121 it concluded with the Mortgagee (the “Main
Contract”), the Mortgagor desires to mortgage to the Mortgagee its assets set forth in the
Collateral List (see Appendix) herein as a security in favor of the Mortgagee. Upon consultations
and mutual agreement, the Mortgagor and the Mortgagee hereby enter into this Contract:

ARTICLE 1

DEFINITION

Unless otherwise agreed upon herein, relevant capitalized terms in this Contract shall have the
same meanings as in the Main Contract.

ARTICLE 2

COLLATERAL

Names and relevant details of the collaterals under this Contract are set out in the annex hereto.

ARTICLE 3

SCOPE OF GUARANTEE

Pursuant to the Main Contract, the Borrower shall borrow from the Mortgagee Seventy Million US
Dollars (USD$70,000,000), and the term of such loan shall be 8 years (beginning as from December
24, 2008 and ending as of December, 23 2016).

The scope of guarantee provided by this Contract shall cover any and all principal, interest,
penalty interest, indemnity, liquidated damages, damages and pledge realization fees in connection
with the entirety of the loan under the Main Contract.

Upon each repayment of the principal of the loan under the Main Contract, the amount of the
principal guaranteed under this Contract shall be reduced accordingly.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES OF THE MORTGAGOR

(1) The Mortgagor is a lawfully established legal person, possesses a valid business license, and
owns its assets and operates its business in accordance with law.

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(2) The Mortgagor lawfully holds the title to, or the right of disposal over, the collateral. If,
according to the law, the collateral is a property which is mortgagable only upon approval or
consent by relevant authorities, the Mortgagor undertakes that such approval or consent shall have
been lawfully and validly obtained within 60 days of production start-up or completion-related
final accounting of the Project; And there is no dispute whatsoever in respect of the title to, or
the right of disposal over, the collateral.

(3) Other than the mortgage created hereunder, there is no security in rem, lease, entrustment ,
joint ownership or any other ownership dispute of any kind in respect of the collateral hereof.

(4) The Mortgagor has completed all internal authorization procedures necessary for the execution
of this Contract and such authorizations are lawful and valid.

(5) All documents and materials furnished by the Mortgagor to the Mortgagee are true, accurate and
complete.

The above representations and warranties shall remain valid during the term of this Contract.

ARTICLE 5

OBLIGATIONS OF THE MORTGAGOR

(1) The Mortgagor shall keep the collateral in good condition and shall at all times accept the
inspection by the Mortgagee. If, during the course of such inspection, the Mortgagee has made any
recommendation which is intended to ensure the good condition of the collateral, the Mortgagor
shall adopt corresponding measures in a timely manner. Any cost arising out of the keeping and
maintenance of the collateral shall be borne by the Mortgagor.

(2) Without obtaining the Mortgagee’s written consent, the Mortgagor shall not dispose of the
collateral under this Contract by whatsoever means.

(3) If the Mortgagor makes any change to its company name, domicile, legal representative,
registered capital, scope of business, company category or articles of association, the Mortgagor
shall give the Mortgagee a 10 days prior written notice and shall file relevant documents with the
Mortgagee for record.

(4) Within 3 Business Days of registration of the collateral, the certificate of title (or right of
disposal) or the certificate of the mortgage right shall be delivered by the Mortgagor to the
Mortgagee and shall thereby be put under the custody of the Mortgagee.

(5) Any expense arising from the execution and performance of the Contract shall be borne by the
Mortgagor.

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(6) If an act by the Mortgagor is such as to lessen the value of the collateral, the Mortgagee
shall be entitled to request the Mortgagor to restore the collateral to its original status or to
provide a security. If the aforesaid request of the Mortgagee has been refused, the Mortgagee may
either demand the debtor to repay its debts or request early exercise of its mortgage rights.

ARTICLE 6

OBLIGATIONS OF THE MORTGAGEE

Within 15 days of full settlement by the Borrower of its entire debts under the Main Contract, the
Mortgagee shall return the certificate of title or right of disposal of the collateral, the
insurance policy of the collateral, and other documents under its custody to the Mortgagor.

ARTICLE 7

INSURANCE

Within 30 days of execution of this Contract, the Mortgagor shall complete all insurance procedures
in respect of the collateral with an insurance company acceptable to the Mortgagee in accordance
with such type, amount and term of insurance as determined by the Mortgagee. The Mortgagee shall be
expressly specified as the first beneficiary in the original copy of the insurance policy.

ARTICLE 8

REALIZATION OF MORTGAGE RIGHTS

If the Borrower fails to fully settle its debts within the scope of guarantee hereunder in
accordance with the Main Contract, or if the Mortgagor is declared bankrupt, dissolved or wound
down according to law, the Mortgagee shall be entitled to dispose of, in accordance with law, the
collateral by way of auction, sale, debt-offsetting assignment, etc. and shall be paid out of the
proceeds therefrom. Any amount of such proceeds in excess of the amount of the creditor’s rights
guaranteed hereunder shall belong to the Mortgagor.

ARTICLE 9

BREACH OF CONTRACT LIABILITIES

(1) If the Mortgagor fails to handle the insurance procedures in respect of the collateral in
accordance with this Contract and thereby causes financial losses to the Mortgagee, the Mortgagor
shall indemnify against such losses.

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(2) If the collateral suffers any damage or loss due to any fault attributable to the Mortgagor,
and if the insurance company lawfully provides no indemnity or provides only an indemnity which is
insufficient to cover the Borrower’s debt under the Main Contract, the Mortgagee shall be entitled
to request the Mortgagor either to restore the value of the collateral within a prescribed period
of time or to make up such shortfall by furnishing a security acceptable to the Mortgagee.

(3) If the Mortgagor unilaterally disposes of the collateral in violation of the Contract, the
Mortgagee shall be entitled to request the Mortgagor to restore the collateral to the original
condition.

(4) If the Mortgagor conceals such circumstances as the fact that the collateral is under joint
ownership, is under any dispute, is seized or restrained, or is the subject of an existing
mortgage, and thereby causes losses to the Mortgagee, the Mortgagor shall indemnify against such
losses.

(5) If the Mortgagor violates any other provisions of this Contract, or if any of the
representations or warranties of the Mortgagor in Article 4 hereof is proved incorrect or
misleading, and thereby causes losses to the Mortgagee, the Mortgagor shall indemnify against such
losses.

(6) If the Mortgagee, in breach of this Contract, fails to return the certificate of title or right
of disposal of the collateral, the insurance policy of the collateral, and other documents under
its custody to the Mortgagor, and thereby causes losses to the Mortgagor, the Mortgagee shall
indemnify against such losses.

ARTICLE 10

MODIFICATION AND TERMINATION OF THE CONTRACT

(1) Neither the Mortgagor nor the Mortgagee shall modify or terminate the Contract unilaterally.
Any modification or termination (where necessary) of this Contract shall be made only by mutual
agreement of the two parties in the form of a written instrument.

(2) If the Borrower and the Mortgagee have agreed in writing to modify the Main Contract, the
Mortgagor shall continue to assume the obligation of guaranteeing the debts under the Main Contract
by mortgaging the collateral under this Contract, provided that if, without the consent of the
Mortgagor, such modification to the Main Contract results in an increase of the loan amount
thereunder, the Mortgagor shall not be obliged to guarantee such increased portion of the loan.

ARTICLE 11

REGISTRATION OF MORTGAGE

The Mortgagor and the Mortgagee shall register the mortgage with the relevant registration
authority within 90 days of production start-up or completion-related final

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accounting of the Project.

ARTICLE 12

RESOLUTION OF DISPUTE

Any dispute between the Mortgagor and the Mortgagee arising out of the performance of this Contract
shall be resolved through consultations. Failing such resolution, the dispute shall be resolved
through litigation before the People’s Court of the domicile of the Mortgagee.

ARTICLE 13

MISCELLANEOUS

(1) Matters not covered by this Contract shall be dealt with by the Mortgagor and the Mortgagee
through consultations or shall be dealt with according to the stipulations of relevant laws and
regulations of the state.

(2) This Contract is made in two originals (with the Mortgagor and the Mortgagee each
holding one copy thereof) and in seven duplicates.

ARTICLE 14

EFFECTIVENESS OF THE CONTRACT

The Contract shall become effective as from the date on which both the Mortgagor and the Mortgagee
have executed and sealed this Contract.

APPENDIX: Collateral List

COLLATERAL LIST

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name	 	Location	 	Appraised Price	 	Quality	 	Status	 	Ownership	 	Mortgage Value
	 	 	 	 	 	 	 	 	 	 	 	 	 
	buildings

	 	plant site of
	 	 	 	 	 	 	 	 	 	to be determined
	arising out of

	 	Yingli Energy
	 	RMB¥40,000,000
	 	 	 	under
	 	 	 	based on the
	the completion of the Project
	 	(China) Company Limited	 	(as per the appraisal report)	 	good
	 	construction
	 	Yingli

Energy
	 	value

appraisable
	
	 		 		 	 	 	 	 	(China)
	 	upon completion
	
	 		 	 	 	 	 	 	 	Company
	 	of the Project or
	 

	 	 	 	 	 	 	 	 	 	Limited
	 	formation of the 
mortgaged 
assets
	machinery &

	 	plant site of
	 	RMB¥500,000,000
	 	 	 	new	 	 	 	 
	equipments

	 	Yingli Energy
	 	(as per the
	 	good
	 	purchase
	 	 	 	
	arising out of

	 	(China)
	 	appraisal report)
	 	 	 	 	 	 	 	
	the

	 	Company	 	 	 	 	 	 	 	 	 	 

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	Name	 	Location	 	Appraised Price	 	Quality	 	Status	 	Ownership	 	Mortgage Value
	 	 	 	 	 	 	 	 	 	 	 	 	 
	completion of

	 	Limited	 	 	 	 	 	 	 	 	 	 
	the Project
	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	Mortgagor:

	 	(Company Seal)
	 
	 	 
	Legal Representative

	 	(signature) /s/ Liansheng Miao
	 
	 	 
	(or Authorized Representative)
	 	 

__(mm)__(dd) __(yy)

Opening Bank & Account No. of Mortgagor:

	 	 	 
	Mortgagee

	 	(Special Seal for Contracts)
	 
	 	 
	Legal Representative

	 	(signature) /s/ Lihong Wang
	 
	 	 
	(or Authorized Representative)
	 	 

__(mm)__(dd) __(yy)

Place of Signing: Shijiazhuang, Hebei

8EX-4.20

Exhibit 4.20

English Translation

Guarantee Contract under Loan Contract No. 1300401212008510121

GUARANTEE CONTRACT

IN CONNECTION WITH

CHINA DEVELOPMENT BANK FOREIGN EXCHANGE LOAN

 

 

	 	 	 
	Guarantor: 

Lender:

	 	Baoding Tianwei Yingli New Energy Resources Company Limited

China Development Bank

Guarantor: Baoding Tianwei Yingli New Energy Resources Company Limited

Domicile: No.3055, Fuxing Middle Road, National New& High-Tech Industrial 

                 Development Zone, Baoding

Legal Representative: Ding Qiang

Postcode: 071051

Handling Person: Liu Yang

Tel: 0312-3100500

Fax: 0312-3151881

Lender: China Development Bank

Domicile: 29, Fuchengmeiwai Avenue, Xicheng District, Beijing

Legal Representative: Chen Yuan

Postcode: 100037

Handling Branch: Hebei Province Branch, China Development Bank

Domicile of Handling Branch: Building B, Yuyuan Plaza, 9 Yuhua West Road, 

Shijiazhuang

Head of Handling Branch: Wang Lihong

Post Code: 050051

Handling Person: Lu Yilin

Tel: 0311-85518761

Fax: 0311-85288091

2

 

In order to ensure the performance by the Borrower, Yingli Energy (China) Company Limited,
of the Loan Contract No. 1300401212008510121 it concluded with the Lender (the “Main
Contract”), the Guarantor desires to provide a security in favor of the Lender. Upon consultations
and mutual agreement the Guarantor and the Lender hereby enter into this Contract:

ARTICLE 1

DEFINITIONS

Unless otherwise set out herein, relevant capitalized terms used herein shall have the same
meanings as in the Main Contract.

ARTICLE 2

SCOPE OF GUARANTEE

Pursuant to the Main Contract, the Borrower shall borrow from the Lender Seventy Million US Dollars
(USD$70,000,000), and the term of such loan shall be 8 years (beginning as from December 24, 2008
and ending as of December 23, 2016).

The Guarantor desires to provide a guarantee in favor of the Lender in respect of the repayment or
payment by the Borrower of any and all principal, interest, penalty interest, indemnity, liquidated
damages, damages and claims realization fees in connection with the entirety of the loan under the
Main Contract.

Upon each repayment of the principal of the loan under the Main Contract, the amount of the
principal guaranteed under this Contract shall be reduced accordingly.

ARTICLE 3

FORM OF GUARANTEE

The Guarantor provides a joint and several liability guarantee in favour of the Lender within the
scope of guarantee hereunder.

Irrespective of whether the Borrower has provided a security in rem in respect of the Main
Contract, if the Borrower fails to fully repay, in accordance with the provisions of the Main
Contract, the debts falling within the scope of the guarantee hereunder, the Lender shall be
entitled to directly demand the Guarantor to assume its guarantee liability. The Guarantor shall
settle such debts in lieu of the Borrower within 30 days of receipt of the Lender’s written notice
requesting the Guarantor to perform its guarantee obligations.

3

 

ARTICLE 4

TERM OF GUARANTEE

The term of guarantee hereunder shall be one year from the date/s when the performance period of
each relevant debt under the Main Contract has expired.

ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF THE GUARANTOR

(1) The Guarantor is a lawfully established legal person, possesses a valid business license, and
owns its assets and operates its business in accordance with law;

(2) The Guarantor is not involved in any litigation or arbitration that will affect its financial
condition or normal business operations;

(3) The most recent annual financial and accounting reports provided by the Guarantor to the Lender
are true, accurate and complete and the financial condition of the Guarantor has not shown signs of
deterioration since the most recent reporting date;

(4) The Guarantor has completed all internal authorization procedures necessary for the
execution of this Contract and such authorizations are lawful and valid; and

(5) All documents and materials furnished by the Guarantor to the Lender are true, accurate and
complete.

The above representations and warranties shall remain valid during the term of this Contract.

ARTICLE 6

OBLIGATIONS OF THE GUARANTOR

(1) The Guarantor shall prior to May 10 of each year submit to the Lender its financial statements
of the preceding fiscal year, as audited by an accounting firm;

(2) The Guarantor shall promptly submit such other documents as requested by the Lender;

(3) If there occurs any event that affects or may affect the performance by the Guarantor of its
obligations hereunder, the Guarantor shall promptly notify the Lender of the same;

(4) The Guarantor shall obtain prior written consent of the Lender with respect to any

4

 

transfer of its operating assets amounting to 20% or above of its total assets;

(5) In the event of a merger, spin-off, shareholding system restructuring, structural reform or
other material ownership structure change, the Guarantor shall provide the Lender with a 7 days
notice of the relevant plan of change and must obtain the Lender’s written consent thereto. Such
plans of change shall not prejudice the legitimate rights and interest of the Lender under this
Contract;

(6) If the Guarantor provides security to a third party and if the cumulative security amount will
exceed 50% of the net assets stated in the financial statements of the most recent fiscal year of
the Guarantor, the Guarantor must obtain from the Lender its prior written consent thereto;

(7) In the event of a change to its company name, domicile, legal representative, registered
capital, business scope, company type, or its articles of association, or in the event of a
material financial or personnel change, the Guarantor shall provide a 10 days prior written notice
to the Lender and shall file relevant documents with the Lender for record;

(8) The Guarantor shall not enter into any document or take any action which may harm the interest
of the Lender.

ARTICLE 7

BREACH OF CONTRACT LIABILITIES

If the Guarantor violates the provisions of this Contract, or if any of the representations or
warranties of the Guarantor in Article 5 hereof is proved incorrect or misleading, and if the
Lender has as a result suffered financial losses, the Guarantor shall indemnify against such
losses.

ARTICLE 8

MODIFICATION AND ASSIGNMENT OF THE CONTRACT

(1) Unless otherwise provided herein, any modification to this Contract shall be made by mutual
agreement of the Guarantor and the Lender in the form of a written instrument.

(2) If the Lender lawfully assigns its claims under the Main Contract, the Guarantor shall continue
to assume joint and several guarantee liabilities within the scope of guarantee hereunder.

(3) Where the Lender permits the Borrower to assign its debts under the Main Contract, such
assignment must obtain the written consent of the Guarantor. The Guarantor shall no longer assume
the guarantee liability in respect of debts which are assigned in the absence

5

 

of its consent.

(4) If, during the term of guarantee, the Lender and the Borrower adjust the loan amount or the
loan interest rate under the Main Contract (with the exception of any Main Contract loan interest
rate adjustment made in accordance with the requirements of the People’s Bank of China) without the
consent of the Guarantor, then, the Guarantor shall: (i) where such adjustment has lessened the
debt of the Borrower, continue to assume guarantee liability in respect of the modified contract;
or, (ii) where such adjustment has increased the debt of the Borrower, be exempt from assuming the
guarantee liability in respect of such increased portion.

If, without the written consent of the Guarantor, the Lender and the Borrower modify the
performance periods of the repayment plan set out in the Main Contract, the term of guarantee shall
then be the term of guarantee set out in the original contract or such term of guarantee as
prescribed by law.

If, by mutual agreement, the Lender and the Borrower have modified the content of the Main Contract
but have not actually implemented such modified contract, the Guarantor shall continue to assume
the guarantee liability.

(5) If, by mutual agreement, the Lender and the Borrower have modified the drawdown plan set out
in the Main Contract, the Guarantor shall continue to assume the guarantee liability.

ARTICLE 9

RESOLUTION OF DISPUTE

Any dispute between the Guarantor and the Lender arising out of the performance of this Contract
shall be resolved through consultations. Failing such resolution, the dispute shall be resolved
through litigation before the People’s Court of the domicile of the Lender.

ARTICLE 10

MISCELLANEOUS

(1) Matters not covered by this Contract shall be dealt with by the Guarantor and the Lender
through consultations or shall be dealt with according to the stipulations of relevant laws and
regulations of the state.

(2) This Contract is made in three originals (with the Guarantor, the Lender and the
Borrower each holding one copy thereof) and in seven duplicates.

6

 

ARTICLE 11

EFFECTIVENESS OF THE CONTRACT

The Contract shall become effective as from the date of signature and sealing by the Guarantor and
the Lender.

Guarantor: Baoding Tianwei Yingli New Energy Resources Company Limited (Company Seal)

	 	 	 
	Legal Representative
	 	 
	 
	 	 
	(or Authorized Representative):

	 	(signature) /s/Liansheng Miao
	 
	 	 
	 

	 	___(mm)___(dd) ___(yy)
	 
	 	 
	Opening Bank & Account No. of Guarantor:
	 
	 	 
	Lender:  China Development Bank

	 	
	 
	 	 
	           
   (Special Seal for Contracts)

	
	 
	 	 
	Legal Representative
	 	 
	 
	 	 
	(or Authorized Representative):

	 	(Signature) /s/Lihong Wang
	 
	 	 
	 

	 	___(mm)___(dd) ___(yy)

7

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