Document:

Addendum to License Agreement for SCD Technology dated January 18, 2009

 Exhibit 10.7 

Addendum to 

Design and Development of SCD 2.5/3.0MW and 5.0/6.0MW 

between 
 Ming Yang Electrical
Appliances Combine 
 Daling District of National Hi-Tech Industrial Development Zone of 

Zhongshan 

528437 Zhongshan 

China 

-hereinafter referred to as Ming Yang 

and 
 aerodyn Asia Co. Ltd

 Suite 2508, Tower1 

Lippo Center, 89 Queensway

Hong Kong 

-hereinafter referred to as aerodyn 

This addendum- consists of a total of 2 main pages with annexes of Annex 13 and 14 (REV.B) 

It is drafted in duplicate (i.e. two identical copies) 

 

			
	Addendum to SCD(2009-01-18)	 	
	page 2 of 2

 A meeting between Mingyang and aerodyn had been held in Beijing on
10th, Jan, 2009 regarding the contract issues of SCD which
both parties had signed on 28, July, 2008. After detail discussion, both parties have agreed on the following: 
 a. Two prototypes of SCD of
2.75MW(TC II) will be assembled; the possible wind farm sites will be in south east province-Fujian and Tianjin seaport. The assembling of the prototypes currently is planned by the end of 2009. 

b. To achieve the target of erection in the early 2010, some critical parts have to be ordered, it is suggested that Mingyang team shall pay a visit to
the corresponding suppliers in Europe in Feb.2009 so that long-term delivery components shall be available before starting the final assembly. 

c. Due to current financial situation, 5.0/6.0MW SCD shall be postponed, it is agreed by both parties and re-scheduled to initiate
the project by 1st, Jan. 2010. 

d. Both parties have reached an agreement of the renewed and detailed time schedule (Annex 14-REV.B) and payment schedule (Annex 13-REV.B) as an addendum
to the original SCD contract 
  

									
	 aerodyn ASIA Co. Ltd.
	 		 	 Guangdong Mingyang Wind Power Technology Co. Ltd.

					
	By	 	 /s/ Soenke SIEGFRIEDSEN
	 		 	By	 	 /s/ ZHANG Chuanwei

		 	(Legally valid Signature)	 		 		 	(Legally valid Signature)
			
	 Soenke SIEGFRIEDSEN
	 		 	 ZHANG Chuanwei

	 (Typed name of representative)
	 		 	(Typed name of representative)
			
	 Managing Director
	 		 	President
			
	  
	 		 	
 

	 (Title)
	 		 	(Title)
			
	 2009-01-18
	 		 	 2009-01-18

	(Place/Date signed)	 		 	(Place/Date signed)

  

			
	Addendum to SCD(2009-Ol-18)	 	
	page 2 of 2

 Annex 13: Payment Schedule for 

2.5/3MW & 5/6MW Turbine 
  

					
	 1.
	  	 After signing contract
	  	Euro: 3.0 million
			
	 2.
	  	 After delivery of first batch of document for 2.5/3MW
(Rotor blade and mould specified in Annex 6)
	  	Euro: 1.0 million
			
	 3.
	  	 After delivery of second batch of document for 2.5/3MW
(Mechanical parts of nacelle specified in
Annex 6)
	  	Euro: 1.0 million
			
	 4.
	  	 After delivery of third batch of document for 2.5/3MW
(Electrical parts specified in Annex 6)
	  	Euro: 0.5 million
			
	 5.
	  	 After delivery of fourth batch of document for 2.5/3MW
(Tower, foundation specified in Annex 6)
	  	Euro: 0.5 million
			
	 6.
	  	 After delivery of fifth batch of document for 2.5/3MW
(Manuals specified in Annex 6).
	  	Euro: 0.5 million
			
	 7.
	  	 After erection of turbine and start of commissioning for 2.5/3MW
	  	Euro: 0.5 million
			
	 8.
	  	 After issue of A-design assessment from GL for 2.5/3MW
	  	Euro: 0.5 million
			
	 9.
	  	 Before start of design work of 5/6MW (in Jan.2010)
	  	Euro: 5.0 million
			
	 10.
	  	 After delivery of first batch of document for 5/6 MW
{Rotor blade and mould specified in Annex 6)
	  	Euro: 1.5 million
			
	 11.
	  	 After delivery of second batch of document for 5/6 MW
(Mechanical parts of nacelle specified in
Annex 6)
	  	Euro: 1.5 million
			
	 12.
	  	 After delivery of third batch of document for 5/6 MW
(Electrical parts specified in Annex 6)
	  	Euro: 1.0 million
			
	 13.
	  	 After delivery of fourth batch of document for 5/6 MW
(Tower, foundation specified in Annex 6)
	  	Euro: 0.5 million

  

  

Annex 13. License Agreement of SCD (REV.B,2009-01-18) 

Page 1 of 2 

					
	 14.
	  	 After delivery of fifth batch of document for 5/6 MW
(Manuals specified in Annex 6)
	  	Euro: 0.5 million
			
	 15.
	  	 After erection of turbine and start of commissioning for 5/6 MW
	  	Euro: 0.5 million
			
	 16.
	  	 After issue of A-design assessment from GL for 5/6 MW
	  	Euro: 1.0 million

  

  

Annex 13. License Agreement of SCD (REV.B,2009-01-18) 

Page 2 of 2 

 Annex 14 Time Schedule 

The time schedule shall start with the date of
1st, Feb.2009 for the transfer of the contractual know-how
shall be as follows: 
  

			
	 Time schedule after

start of project
	  	 Project-milestone

	 2 month
	  	 Delivery of the document to order the long-term delivery components, blade, bearings, yaw bearing and rotor
bearing

		
	 2 month
	  	 Delivery of documents to build the master plug for the first rotor blade with power 2.5/3.0 MW including 3D geometry data.

		
	 3 month
	  	 delivery of documents to build the mould of rotor blade

		
	 4 month
	  	 Delivery of document to order gears

		
	 4 month
	  	 Delivery of specification of rotor brake, yaw brake

		
	 4 month
	  	 Delivery of document to order generator parts

		
	 4 month
	  	 Delivery of specification of yaw drive

		
	 4 month
	  	 delivery of documents to build the first rotor blade for blade test for 2.5/3.0MW

		
	 4 month
	  	 Delivery of the document to order casting parts

		
	 5 month
	  	 Delivery of specification of pitch system

		
	 5 month
	  	 Delivery of specification of hydraulic system

		
	 5 month
	  	 Delivery of specification of cooling system

		
	 5 month
	  	 delivery of documents of tower

		
	 6 month
	  	 delivery of documents of foundation

		
	 8 month
	  	 Delivery of documents to build the secondary components for the turbine 2.5/3.0MW

		
	 10 month

(1, Dec.2009)
	  	 Start of workshop assembly of the prototype 2.5/3.0MW (may be affected by the delivery time of the
components)

		
	 12 month

(Feb. 1, 2009)
	  	 Erection and start of commissioning of prototype 2.5/3.0 MW at site( it may be affected by partial assembly in Germany and
transportation time to China)

		
	 14 month
	  	 Measuring campaign of 2.5/3.0 MW turbine will be started

		
	 11 month

(1, Jan.2010)
	  	 Start with the development of the 5.0/6.0 MW offshore turbine.

		
	 15 month
	  	 Delivery of documents to build the master plug for the rotor blade for 5.0/6.0 MW turbine

		
	 17 month
	  	 Delivery of documents to order the long-term delivery components for 5.0/6.0 MW, such as casting parts, bearings, gears and
generator parts

  

  

Annex 14. License Agreement of SCD (Rev.B,2009-01-18) 

Page 1 of 2 

			
		
	 19 month
	  	 Delivery of specification of other components such as pitch system, hydraulic system, yaw drive, yaw brakes, rotor brake,
cooling system for 5.0/6.0MW turbine.

		
	 21 month
	  	 a. delivery of documents to build the mould for the rotor blade 5.0/6.0MW

b. delivery of documents of tower

		
	 24 month
	  	 a. delivery of documents to build the first rotor blade for blade test 5.0/6.0MW

b. delivery of documents of foundation

		
	 25 month
	  	 Delivery of documents to build the secondary components for the turbine

		
	 26 month
	  	 Start of the workshop assembly of the prototype 5.0/6.0MW turbine (may be affected by the delivery time of the components)

		
	 28 month
	  	 Erection and start of commissioning of prototype 5.0/6.0MW at site

		
	 30 month
	  	 Measuring campaign of turbine 5.0/6.OMW will be started

Note: This schedule may be slightly changed after detailed project planning. The Licensee will be informed with the detail schedule one month after
start of the project. 
  

  

Annex 14. License Agreement of SCD (Rev.B,2009-01-18) 

Page 2 of 2Supplementary Agreement to the License Agreement for SCD Technology

 Exhibit 10.8 

Supplementary Agreement 

to the Licence Agreement 

for SCD Technology 

Between 

aerodyn ASIA Co. Ltd 

10A Seapower Industrial Center 

177 Hoi Bun Road, Kwun Tong 

Kowloon, Hong Kong 

- hereinafter referred to as the “Licensor” - 

and 

Guangdong Mingyang Wind Power Technology Co. Ltd 

Jianye Road, Torch Hi-Tech Industry Zone, Zhongshan, Guangdong 

- hereinafter referred to as the “Licensee” - 

The Licensor and the Licensee are individually referred to as a “Party” or collectively referred to as the
“Parties”. 

 Preamble: 

The terms used in this Supplementary Agreement have the same meaning as those in the Licence Agreement for SCD Technology entered into by and between the
Licensor and the Licensee on 28 July 2008, unless otherwise defined in this Supplementary Agreement. 
 In accordance with Art. 3
(Contractual Territory) of the Licence Agreement for SCD Technology, the Parties have agreed the following: An erection of WECSs under the Agreement outside the contractual territory shall only be permitted before the date specified in Art. 23.2,
always in relation to a certain project or territory, if the Licensor has given its prior consent in writing. Such consent shall generally be given at the Licensee’s request if the Licensor has not yet entered into a licence agreement with
another partner as regards the project or territory concerned. A condition is that the Licensee proves that there is a pre-contractual obligation regarding the project which will result in the conclusion of a contract within three months.

 The Parties confirm that the provision in Art. 3 of the Licence Agreement for SCD Technology shall continue to apply. It will be specified as
follows as regards the states of the American continent (hereinafter referred to as “the Territories”): 

 Provisions: 

Art. 1 Granting of Project Licences 
  

	(1)	The Licensor has not yet entered into any licence agreement with another licensing partner concerning the Territories mentioned in this Agreement and is therefore
willing to consent to the Licensee’s realising wind energy projects with SCD Wind Energy Converter Systems of a Power Category of 2.5 to 3.0 MW (hereinafter referred to as the “SCD Systems under the Agreement”) in these Territories by
means of a project licence following examination of individual projects designated by the Licensee. 

  

	(2)	The Licensee hereby accepts that the SCD System under the Agreement will be only applicable for offshore purpose when the necessary modification is performed by
Licensor. The Parties to the Agreement shall enter into a separate agreement thereon beforehand. 

  

	(3)	The subject-matter covered by the project licence shall be the Licensor’s industrial property rights and know-how with regard to the Wind Energy Converter System
concept relating to the SCD Technology, the technical features of which are specified in Annex 2 to the Licence Agreement for SCD Technology as far as onshore WECSs of a Power Category of 2.5 to 3 MW are concerned. 

 

	(4)	Projects within the meaning of this Agreement shall be closed wind farm projects with a certain number of SCD Systems under the Agreement which the Licensee wishes to
assemble and erect in the Territories. This shall also apply if the Licensee wants to realise the projects designated by it together with a partner whose place of business is situated in the Territories. 

Art. 2 Presentation of the Project by the Licensee 
  

	(1)	The Licensor reserves the right to separately examine each wind farm project presented to it by the Licensee within the meaning of Art. 1 and to approve the same by
means of a project licence following examination. 

	(2)	Before a project licence is granted, all the necessary and appropriate documents enabling assessment of the framework conditions of the project must be presented to the
Licensor. In particular, this shall include the presentation of all project partners involved, the submission of planning documents for the wind park, an expert opinion on the meteorological conditions at the wind park location including details of
the geographical coordinates, a soil survey concerning the foundation conditions for the tower foundations, the presentation of schedules and descriptions of the manufacturing, assembly and transport facilities. 

 

	(3)	The Licensee will inform the Licensor of the name of the project manager in charge to act as contact and informant in respect of the project in question.

  

	(4)	The Licensor shall be obligated to give its approval for the project within one month of complete presentation of the project and submission of all documents. The
Licensor may only withhold its approval for good cause. Good cause shall be deemed to exist when the technical conditions and QM conditions of a successful realisation of the project are not met. 

Art. 3 Quality Standards 
  

	(1)	The manufacturing facilities of the Licensee and its project partners, which also include the manufacturers of components for the SCD Systems under the Agreement, are
to meet the demands on the Licensee as manufacturer (paragraph C of the preamble of the Licence Agreement for SCD Technology) as well as the quality management requirements (Art. 9 of the Licence Agreement for SCD Technology, “QM Demands on
Licensee”). 

  

	(2)	The Licensee undertakes to ensure that sufficient support for the SCD Systems under the Agreement which meets the Licensor’s demands is guaranteed for the project
partners and projects at all times. 

	(3)	A precondition for granting a project licence is that the provisions of Art. 5 and Art. 6 of the Licence Agreement for SCD Technology are applied and observed with
regard to projects which are supposed to be carried out under this Agreement. 

 Art. 4 Liability Risks on the Part of the
Licensee 
  

	(1)	The risk of a successful implementation of the project in technical and commercial terms shall be borne by the Licensee alone. 

 

	(2)	The Licensor will not be obligated to check whether any third-party industrial property rights in the Territories are infringed by construction features of the SCD
Systems under the Agreement. The Licensee shall assume this obligation. Should any claims be made against the Licensor by third parties because of infringement of industrial property rights, the Licensee will indemnify the Licensor against such
claims. 

  

	(3)	The Licensee shall bear the product liability risk associated with the manufacture, distribution, erection and operation of the SCD Systems under the Agreement in the
Territories and shall indemnify the Licensor against all claims which may be made against the Licensor by third parties in the Territories on whatever legal grounds. 

Art. 5 UL Certification 
  

	(1)	The Licensee is aware that, as regards the SCD System under the Agreement, the Licensor does not have the approval of Underwriters Laboratories Inc. (UL) for the
product and the manufacture or assembly of components in the Territories which is required in the USA. 

	(2)	The Licensor has to apply for the UL certification. To this end, the Licensor will enter into a certification agreement with Underwriters Laboratories Inc., agree
secrecy of the documents to be delivered and information provided and present the required calculation records, Specifications and documents. 

  

	(3)	The Licensor will inform the Licensee of the terms of the agreement with Underwriters Laboratories Inc. and the schedule to be taken as a basis. However, the Licensee
will not be entitled to inspect confidential documents of the Licensor which the Licensor submits to Underwriters Laboratories Inc. for certification purposes. The Licensor will remain the owner of all documents submitted to Underwriters
Laboratories Inc. The said documents shall be returned exclusively to the Licensor. 

  

	(4)	All costs of the UL certification, including costs incurred if a modification of the SCD System under the Agreement or its components is demanded by Underwriters
Laboratories Inc. for the US-American market, shall be borne by the Licensee. The Licensor undertakes to notify the Licensee in advance of the amount of the costs of certification and modification of the SCD System under the Agreement or its
components. The Licensee shall be entitled to refuse to bear these costs, but it shall bear the costs incurred by the Licensor and Underwriters Laboratories Inc. by then, which costs must be proved to the Licensee in detail.

  

	(5)	If the other states of the American continent demand the same or a similar certification or approval, the provisions of paragraphs (1) to (4) shall apply
analogously. 

  

	(6)	If the Licensee refuses to bear the costs notified to it according to paragraph (4), the Parties to the Agreement will come to a separate agreement about the question
of whether the project will be discontinued or whether another solution shall be found for the realisation of the project. 

Art. 6 Secrecy 
 The secrecy clause of
Art. 19 of the Licence Agreement for SCD Technology entered into by and between the Licensor and the Licensee on 28 July 2008 shall also apply to this Supplementary Agreement to the Licence Agreement for SCD Technology, unless it is absolutely
necessary to pass on information, documents and files to third parties involved in the project for the purpose of realising the project. In that case, such third parties are to be bound to secrecy in accordance with the comprehensive secrecy clause
of Art. 19. 

 Art. 7 Royalties 
  

	(1)	The Licensee undertakes to pay royalties to the Licensor for each SCD System under the Agreement erected in the Territories. The number of SCD Systems under the
Agreement erected in the Territories will not be credited against the number of units agreed in Art. 15.1, 15.3, 15.4, 15.5 und 15.7 of the Licence Agreement for SCD Technology of 28 July 2008 in respect of the Contractual Territory.

  

	(2)	The royalties to be paid by the Licensee to the Licensor shall be same as specified in Art. 15.1 of License agreement signed on July 28, 2008. The Licensor shall
be entitled to charge the Licensee the royalties; such royalties will become due for payment when a WECS is erected. 

  

	(3)	The Licensor shall be entitled to receive all information required in order to calculate the royalties. Therefore, each month the Licensee has to report to the Licensor
in writing on the number of WECSs that were subjected to indoor assembly and on the date of such assembly, stating the serial number, and to document this by means of appropriate documents. The Licensee shall be obligated to give the Licensor access
to the indoor assembly at any time upon request. 

 Art. 8 Time Limitation 

The Licensor shall inform the Licensee if the Licensor intends to enter into contract negotiations about the conclusion of a contract for the granting of
an exclusive licence to manufacture and distribute the SCD System under the Agreement with an enterprise domiciled in the Territories. In that case, the Licensee shall be entitled to fully carry out all projects approved by the Licensor to the
extent of the agreements made. However, the Licensor will then be entitled to refuse to give its approval for new projects unless the new territorial licensee expressly agrees to the realisation of such projects, thereby restricting its exclusive
right. Separate negotiations will then have to be conducted about the details, in particular about the amount and payment of royalties. 
  

											
	aerodyn ASIA Co. Ltd.	 		 	Mingyang Wind Power Industry Group Co. Ltd	 	
					
	By	 	
        

	 		 	     By
  
	 	
        

	  
 (Legally valid
Signature)
	 		 		 	  
 (Legally valid
Signature)

				
	 Soenke SIEGFRIEDSEN
	 		 		 	 Zhang Chuanwei

	(Typed name of representative)	 		 	(Typed name of representative)	 	
				
	 Managing Director
	 		 	 President
	 	
	(Title)	 		 	(Title)	 	
				
	
 

	 		 	
         

	 	
	(Place/Date signed)	 		 	 (Place/Date signed)
	 	
				
	
         

	 		 	
     

	 	
	(Business Stamp)	 		 	(Business Stamp)

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