Document:

Purchase Contract No. FDCG08051

 Exhibit 10.45 
 Confidential Materials omitted and filed separately with the 
 Securities and Exchange Commission.
Asterisks denote omissions. 
 The Purchase Contract No. FDCG08051 
 for the Core Components of the Electrical Control 
 System of SL3000 Wind
Turbine 
 This Purchase Contract is signed between 
 Sinovel Wind Co., Ltd (hereinafter referred to as Buyer) 
 Buyer’s Agent: China National Machinery & Equipment
Import & Export Corporation (hereinafter referred to as Buyer’s agent) 
 And 
 WindtecTM Systemtechnik Handels GmbH in Austria (hereinafter referred to as Seller) in a friendly way. 
 The contract equipment is used for the purchasing contract of the core components for SL 3000 wind turbine which is signed between Buyer and Seller. 
 Buyer and Seller agreed as follows: 
  

	1.	Definition 

 In construing this contract, the following words and
expressions shall have the meanings hereby assigned to them unless otherwise specified in the contract. 
  

	1.1	Contract means this contract, including Article 1 to Article 20. 

  

	1.2	Contract price means the price payable to Seller under the contract for the full and proper performance of its contractual obligations, which is not influenced by the price
fluctuations. 

  

	1.3	Contract currency means the currency used in the payment under the contract, which is Euro. 

  

	1.4	Buyer’s Bank means Bank of China designated by Buyer or the other banks designated by Seller. 

  

	1.5	Sellers Bank means Bank Austria Creditanstalt AG. 

  

	1.6	Effective date of the contract means the date when the contract enters into force upon fulfillment of the conditions stated in Article 20. 

  

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	1.7	Contract equipment means the core components of electrical control system of SL 3000 wind turbine. 

  

	2.	Scope of Supply: 

 Each set comprises of: 
  

									
	 Pos.
	  	 Name
	  	 No.
	  	Units	  	Total Price
	1	  	PM 3000	  	IGBT converter power module	  	2 off	  	EUR [**]
	2	  	Crowbar for LVRT	  	Control unit with power switch	  	1 off	  	EUR [**]
	3	  	 Pitch Converters
  
 – incl. CAN Operator
  
 – incl.
DC-Filter
	  	3 pitch cabinets, type (PM M-10, rated current 40A, surge current 80A)	  	3 off	  	EUR [**]
	4	  	 Pitch-Motor
 (Synchronous Servo Motor with

 integrated brake)
	  	The pitch motors are servo motors (permanent magnet synchronous machines) with integrated position feedback and integrated thermistors	  	3 off	  	EUR [**]
	5	  	 Converters for Yaw & Gear Oil Pump
  
 – incl. CAN Operator
  
 – incl. Filter
	  	PM M-40; rated current 40A; surge current 80A + smaller converter for gear all pump	  	2 off	  	EUR [**]
	6	  	Cables	  	Cables for connection between motor and hub cabinet (+HC4x0)	  	—  	  	EUR [**]
	7	  	[**] PLC-Modules incl Displays(1)	  	See Appendix 1	  	1 off	  	EUR [**]
	8	  	 CMS (Condition Monitoring System)(2)

 
 – incl. CPU MX213
  
 – incl. AIC 212 Module
  
 – incl. Dummy Module LM201
	  		  	1 off	  	EUR [**]
				
		  		  	TOTAL VALUE	  	EUR [**]
		  		  		  		  	 

 Components designed for Cold Climate conditions of -45deg. survival temperature. 
  

	 (1)
	 Items included in scope of delivery see at APPENDIX 1. 

	 (2)
	 Sensors are beyond SELLER’s scope of core components supply. The respective specification shall be defined by
SELLER but purchased by BUYER separately. 

  

	3.	Quantities: 

 Total number of goods is [**] sets. 
  

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	4.	Price 

 The total contracting price will be [**] Euros
(INCOTERNS 2000, FOB packed) 
  

	5.	Port of shipment: 

 PM3000 Converters shall be on shipment from USA
(Wisconsin), others from main European seaport or Austria airport. 
  

	6.	Delivery Period: 

 The delivery will be made in batches as per
schedule below (FOB): 
 CW 38, 2008 – [**] sets of Pos. No. 2 to Pos. No. 8 
 CW 44, 2008 – [**] sets of Pos. No. 1 (PM3000) 
 CW 48, 2008 – [**] sets 
 CW 52, 2008 – [**] sets 
 CW 05, 2009 – [**] sets 
 CW 09, 2009 – [**] sets 
 CW 13, 2009 – [**] sets 
 CW 18, 2009 – [**] sets 
  

	7.	Documentation 

 Seller shall provide to the Buyer the certificate
and test report of the converter together with the equipment. 
  

	8.	Payment Schedule: 

 95% by L/C at sight. 
 Two weeks before each shipment date, an irrevocable Letter of Credit at an amount of 95% of each shipment value shall be issued by a first-class bank. The L/C shall be
according to ICP600. If L/C is delayed, the delivery time will be postponed accordingly. 
 5% Retention Bond: 
 The Retention Bond shall be paid upon the expiry of warranty period of 24 months after finished commissioning, or 30 months after the delivery, whichever is earlier
– within 14 days, under the precondition that the availability of the electrical control system for each WT is at least [**]% during such period. Such percentage will be the average of a respective wind park. The dependency of this 5%-payment
from an availability of [**]% will only be on the condition that (i) control cabinets have been manufactured by BUYER under supervision and instruction of Seller, (ii) test and quality of electrical cabinets have been released by Seller,
(iii) fault of electrical control system will be diagnosed by Seller, (iv) replacement of components will be executed by BUYER within 24 hours, and (v) Seller will have continuous and full access to the SCADA system of the respective
wind turbines. 
 BUYER is responsible for item I-V. If any of these items is not fulfilled, the retention bond has to be paid to Seller even in case of an
availability of at least [**]% has not been reached. 
 Seller must provide the following performance bond to Buyer: 
 Within 30 days after effectiveness of the contract, SELLER shall through SELLER’s bank open an irrevocable performance bond in favour of BUYER, for an amount of EUR
100,000.00. Validity of the guarantee shall be by the end of October 2009. 
  

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	9.	The Seller shall supply the following documents as part of L/C paperwork: 

  

	•	 	 B/L or Air Way Bill 

  

	•	 	 Commercial Invoice 

  

	•	 	 Packing List 

  

	•	 	 Certificate of Origin 

  

	•	 	 Certificate of quarantine for Packing Wood; Declaration for Packing Wood issued by Seller marking IPPC 

  

	•	 	 Shipping Advice 

  

	•	 	 Quality Certificate 

 The details refer to the
detailed definition in L/C. 
  

	10.	Delivery notice 

 Seller shall complete the delivery of Contract
Equipment in batches and on time as required in article 6. Two (2) weeks before shipping, Buyer will be informed about the exact date of delivery. 
  

	11.	Packing and Marking 

 Unless otherwise specified in the contract,
the contract equipment shall be packed by Seller in a properly manner. And necessary measures shall be taken to protect the contract equipment from moisture, rain, rust, corrosion, shock and other damages according to their different characteristics
so as to withstand numerous handling, loading and unloading as well as long distance sea and inland transportation. 
 The following documents shall be
enclosed in each package of the Contract Equipment: 
  

	•	 	 Two (2) copies of detailed packing list; 

  

	•	 	 Two (2) of quality certificate; 

  

	•	 	 One (1) copy of technical documentation for relevant Contract Equipment. 

  

	12.	Inspection 

 Seller shall inspect the Contract Equipment and issue
the quality certificates as well as inspection records. All involved expenses shall be for Seller’s account. The quality certificates and inspection records including detail and result of inspection before delivery shall be submitted by Seller
to Buyer. 
  

	13.	Warranty 

 Seller warrants, that the Contract Equipment shall be
completely new, advanced in technology and superior in quality, free from any defect in design, material and workmanship, suitable for the use and purpose and in conformity with the technical specification. 
 Seller warrants that the technical documentation shall be complete, clear and correct. Warranty period is 24 months after finished commissioning, or 30 months after the
delivery, whichever is earlier. 
 Warranty means within warranty period in case of any damage or problem of any core components, that the components for
replacement will be provided by Seller free of charge and Seller should ensure timely supply of spare parts. Seller shall correct any such failure either at 

  

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its option, (i) by repairing any defective or damaged part or parts or the supplied products, or (ii) by making available any necessary repaired or
replacement parts. Fault of electrical control system will be diagnosed by Seller and replacement of components will be executed by BUYER, each party at his own expense. 
  

	14.	Penalty for delayed delivery 

 In case of delayed delivery of any
shipment, starting from the second week of delay, every week of delay will be charged [**]% of the price of the delayed set as penalty, only a delay for more than 4 days is counted as one complete week Sum of the above mentioned penalty shall not
exceed [**]% of the total contract price. Payment of the delayed delivery penalty shall not relieve Seller from the obligation of continuing delivery of relevant contract equipment. 
  

	15.	Claims 

  

	15.1	In case the Contract Equipment supplied by Seller does not meet the specified technical performance during the Warranty Period and Seller doesn’t fulfill his responsibility
according to article 13, Buyer has the right to lodge claims against Seller, and Seller shall settle the claims upon the agreement of Buyer in the following way: 

 1) Repair or remove the defects and discrepancies of the equipment at Seller’s expense. In case Seller cannot send his personnel to the Job Site, Buyer shall have the right to do the repair or removal of the
defects and discrepancies and all the expensed incurred should be borne by Seller. 
 2) Replace the defective equipment or technical documents with new one
at Seller’s expenses and Seller shall guarantee the quality of the replaced equipment for a recalculated warrantee period. The replaced and/or supplemented equipment shall be delivered DDP to the Job Site. 
 In case Seller fails to make proposals for settling the claims according to any and/or all the ways mentioned above within 14 days after notification of the claim raised
by Buyer, Buyer shall have the right to recover the claimed amount from Retention Bond (maximum up to 5% of the total contract price). 
  

	15.2	The notice of claim for the defective equipment shall be effective if it is issued not later than thirty (30) days after the expiration of the Warranty Period, but the claim
must be detected within the warranty period (proved and reported by an independent expert). 

  

	15.3	In case Seller fails to accept the claim within thirty (30) days after receipt of Buyer’s claim, the claim shall be regarded as not acceptable by Seller.

  

	16.	Force Majeure 

 Neither party shall be held responsible for failure
or delay to perform all or any party of this contract due to flood, fire, earthquake, snowstorm, drought, hailstorm, hurricane, or any other events that are beyond the control of the affected party and could not reasonably be expected at the time of
conclusion of the contract or have been avoided or overcome by such party. However, the party who’s performance is affected by the event of Force Majeure shall give a notice to the other party of its occurrence as soon as possible and a
certificate or a document of the occurrence of the Force Majeure event issued by the relative authority or a neutral independent third party shall be sent to the other party not later than (14) days after its occurrence. If the event of Force
Majeure event continues for more than (180) days, both parties 

  

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shall negotiate the performance or the termination of this contract. In the case of such a termination either party shall bear its own costs, further claims
for compensation in connection with the termination shall be excluded. 
  

	17.	Taxes and Duties 

  

	17.1	All taxes in connection with and in the execution of the contract levied by the Chinese government on Buyer in accordance with the tax laws of P.R. China shall be borne by Buyer.

  

	17.2	All taxed levied by the Chinese government on Seller, in connection with and in the execution of the contract, according to Chinese tax laws and the agreement between the government
of the People’s Republic of China and the Government of Seller’s country for the reciprocal avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income shall be borne by Seller.

  

	17.3	All taxes arising outside of China in connection with and in execution of the contract shall be borne by Seller. 

  

	18.	Arbitration 

 All disputes arising from, or in connection with the
execution of the contract, shall be settled through friendly discussion between the two parties. In case no agreement can be reached throughout, the disputes shall be submitted to Chamber of Commerce in Zurich Switzerland, for Arbitration.

 Not withstanding any reference to arbitration, the two parties shall continue to perform their respective obligations under the contact unless the two
parties otherwise agree. 
  

	19.	Termination 

  

	19.1	Buyer may, without prejudice to any remedy by Seller for Seller’s following breach of contract, by written notice of default sent to Seller, terminate the contract in whole or
in part, if Seller fails to deliver any or all of the contract Equipment within 120 days after the delivery time specified in Article 6. 

  

	19.2	Buyer may at any time terminate the contract, by giving written notice to Seller in case Seller becomes bankrupt or otherwise insolvent, and such termination does not prejudice or
affect any right of action or remedy available to Buyer. The same applies vice versa to Seller. 

  

	20.	Effectiveness of the Contract and Miscellaneous 

  

	20.1	The contract becomes valid on signing by the authorized representatives of the two parties of the Contract. 

  

	20.2	The present Contract shall be valid for 3 years from the effective date of the contract, however the Contract shall become null and void automatically when each party of the
Contract has fulfilled its rights and obligations under the Contract. 

  

	20.3	At the expiration of the Contract, any unsettled credit and debt under the Contract shall not be affected by the expiration of the Contract. The debtor shall still effect his
obligation of reimbursement to the creditor. 

  

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	20.4	The Contract shall be made in English. 

  

	20.5	All amendments, supplements and alternations to the terms and conditions of the Contract shall be made in written form and signed by the authorized representatives of the two
Parties. 

  

	20.6	Unless otherwise stipulated in the Contract, the terms and conditions of the Contract shall be interpreted in accordance with INCOTERMS (2000 Edition). 

  

	20.7	No assignment of any right or obligation under the Contract shall be made by either party to a third party without the previous consent of the other party. 

 

	20.8	The communication between the two parties shall be conducted in written form. The fax concerning the important matter shall be confirmed timely by the registered or express mail.

  

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 Buyer: Sinovel Wind Co., Ltd 
 Address: Culture Building, No.59, Zhongguancun Street, Haidian, Beijing, China 
 Post code:  100872 
 Fx:    (0086) 10-82500072 
 Ph:    (0086) 10-62515566 
  

			
	Liu Zhengqi:	 	 /s/ Liu Zhengqi

		 	(Signature)
	
	Signing date:    March 7th, 2008

 Buyer’s Agent: China National Machinery & Equipment Import & Export Corporation 
 Address: 12/F 178, Guangan Men Wai Street, Xuan Wu District, Beijing, China 
 Fx:    0086(0)10-63452264 
 Ph:    0086(0)10-63452250 
  

			
	 Authorized representative:
	 	  

		 	(Signature)
		
	 Signing date:
	 	  

 Seller: WindtecTM Systemtechnik Handels GmbH 
 Address: Schleppeplatz 5, 9020 Klagenfurt, Austria 
 Fx:    (0043) 463-444604-44 
 Ph:    (0043) 463-444604-11 
  

			
		
	Gerald Hehenberger:	 	 /s/ Gerald Hehenberger

		 	(Signature)
	
	Signing date:    March 7th, 2008

  

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 APPENDIX 1 
 PLC-Modules for SL 3000 
  

			
	 Module Nacelle
	  	Units
	 Backplane 14 Modules
	  	1
	 One FAST-BUS Extention Modules with int. Powermodule
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 Ethernet Module Master
	  	1
	 Interface Module 4x RS 232/422/485
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 Digital Input Module 32
	  	3
	 Cage Clamp Terminal Set with Labeling
	  	3
	 Digital In/Output Module 48
	  	2
	 Cage Clamp Terminal Set with Labeling
	  	2
	 Temperature Recording Module
	  	4
	 Cage Clamp Terminal Set with Labeling
	  	4
		
	 Backplane 3 Modules
	  	1
	 One FAST-BUS Extension Module with int. Powermodule
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 CAN-BUS Module
	  	1
	 Dummy Module
	  	1

  

			
	 Module Towerbase
	  	Units
	 Backplane 7 Modules
	  	1
	 One FAST-BUS Extension Module
	  	1
	 Power Modules [**]
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 Processor Modules
	  	1
	 Temperature Recording Module
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 Digital In-/Output Module 32
	  	1
	 Cage Clamp Terminal Set with Labeling
	  	1
	 Dummy Module
	  	1

  

			
	 Module Converter Cabinet
	  	Units
	 Digital In-/Output Module
	  	2
	 Cage Clamp Terminal Set with Labeling
	  	2
	 Operating Panel, Type OP2
	  	2
	 Data Cabels for OP2
	  	2

  

 9 

 APPENDIX 2 
 OPERATING PANEL OP2 
 

 
  

 10Executive Incentive Plan for the year ended March 31, 2009

 Exhibit 10.46 
 Executive Incentive Plan for Fiscal 2008 
 On May 15, 2008, the Committee, as well as the
Board of Directors of the Company, approved an executive incentive plan for the Company’s fiscal year ending March 31, 2009 (fiscal 2008). Participants in the plan include the Company’s Chief Executive Officer and all other executive
officers. The Committee is responsible for determining the payout under the plan to each executive officer except the Chief Executive Officer. The Board of Directors of the Company determines the payout under the plan for the Chief Executive
Officer, taking into account the recommendation received from the Committee. 
 Pursuant to the plan, the Committee designated for each
executive officer a target cash incentive amount, expressed as a percentage of the officer’s base salary. In establishing these targets, the Committee took into account for each officer the level of total compensation including base salary,
cash incentive and equity paid by similar companies for comparable positions based on market data compiled by our Vice President of Human Resources. 
 The amount of the incentive award actually paid to each executive officer may be less than or greater than the executive’s target cash incentive, with the amount capped at 156% of the target incentive. Individual
incentive awards will be determined following the end of fiscal 2008 based on the following factors and their corresponding weightings: 
  

	 	•	 	 the Company’s earnings before interest, other income (expense), taxes, depreciation, amortization and stock-based compensation (EBITDAS) for fiscal 2008 as
compared to the target established by the Committee – 40% 

  

	 	•	 	 the executive’s achievement of individual, measurable objectives during fiscal 2008 as determined by the Committee for all executives with the exception of the
Chief Executive Officer, who is evaluated by the Board of Directors – 40% 

  

	 	•	 	 the executive’s overall contribution during fiscal 2008 towards the achievement of the Company’s financial and non-financial objectives – 20%

 The following table sets forth each current executive officer’s target cash incentive for fiscal 2008. 

 

									
	 Executive Officer
	  	 Title
	  	Target Incentive as % of
Base Salary	 	 	Target Incentive
	Gregory J. Yurek	  	Chief Executive Officer and President	  	60	%	 	$	345,000
				
	Charles W. Stankiewicz	  	Executive Vice President, AMSC Power Systems	  	50	%	 	$	150,000
				
	David A. Henry	  	Senior Vice President, Chief Financial Officer, Treasurer and Secretary	  	50	%	 	$	135,000
				
	Daniel P. McGahn	  	Senior Vice President and General Manager, AMSC Superconductors and Asia Pacific	  	50	%	 	$	122,500
				
	Angelo R. Santamaria	  	Vice President, Global Manufacturing Operations	  	50	%	 	$	105,000
				
	Timothy D. Poor	  	Vice President, Global Sales and Business Development	  	50	%	 	$	100,000
				
	Alexis P. Malozemoff	  	Executive Vice President and Chief Technical Officer	  	35	%	 	$	82,250

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