Document:

Translation of Equity Transfer Agreement dated in October 2008

 Exhibit 10.36 

Equity Transfer Agreement 

Transferor: Zhongshan Mingyang Energy Investment Co., Ltd.         (Party A) 

Domicile: Room 401, Office Building, Mingyang Electrical Appliance Co., Ltd, Daling Administration Area, Zhongshan Torch Development Zone, Zhongshan City

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

Domicile: Wuxing Village, Zhongshan Torch Development Zone, Zhongshan City 

This contract was made and entered into by and between Party A and Party B on the transfer of shares of Zhongshan Mingyang Wind Power Blade Technology
Co., Ltd on October 20, 2008. 
 Party A and Party B entered into the following agreement through amicable negotiation in the principle of
equality and mutual benefits. 
 Article 1 Equity Transfer Price and Payment Term 

1. Party A agrees to transfer 60% of the share of Zhongshan Mingyang Wind Power Blade Technology Co., Ltd (a contribution amount of RMB 30 million) it
holds to Party B for RMB 30 million and Party B agrees to purchase the aforementioned share at the said price. 
 2. Party B agrees to pay
in full the amount incurred in the aforementioned equity transfer to Party A by means of transfer within 30 (thirty) days after the conclusion of this contract. 

Article 2 Representations 
 1. Party A hereby
represents and warrants as to itself that the shares transferred to Party B are genuine capital contributed by Party A to Zhongshan Mingyang Wind Power Blade Technology Co., Ltd and equity legally owned by Party A which Party A has the sole right to
dispose of. Party A represents and warrants that the transferred shares are indemnified and held harmless from or against any mortgage, pledge, guarantee, or claim from any third party. Otherwise, Party A shall assume all responsibility arising
therefrom. 

 2. Upon Party A’s transfer and assignment of shares, all the rights and obligations of Party A in
Zhongshan Mingyang Wind Power Blade Technology Co., Ltd shall be transferred to Party B automatically. 
 3. Party B understands and
acknowledges the Articles of Association of Zhongshan Mingyang Wind Power Blade Technology Co., Ltd as well as undertakes that it will fulfill its obligations in accordance with the said Articles of Association. 

Article 3 Profit and Loss Sharing 
 After
approved by the industry and commerce administrative authorities and going through procedures for registration of change of shareholders, Party B becomes the shareholder of Zhongshan Mingyang Wind Power Blade Technology Co., Ltd which shall then
distribute company’s profit and share company’s loss as per ratio of contribution and the provisions of the Articles of Association. 

Article 4 Expense Bearing 
 Expenses pertinent
to equity transfer prescribed by this company shall be respectively borne by both parties concerned in accordance with relevant legal provisions. 

Article 5 Modification and Termination 
 This
contract can be modified or terminated in case one of the following situations occurs. However, both parties to this contract must sign written contract concerning modification or termination. 

1. Performance of this contract becomes impossible due to force majeure or external reasons not caused by negligence of either party but unable to be
prevented; 
 2. Either party loses the actual ability to perform the contract; 

3. The economic interest of the non-breaching party is seriously affected due to the breach of contract by one party or two parties, making it
unnecessary to fulfill the contract; 
 4. Both parties agree to modify or terminate the contract after negotiation due to changes. 

 Article 6 Dispute Settlement 

 

	1.	Disputes in connection with the validity, performance, violation, and termination of this contract shall be settled through friendly consultation of each party.

 2. In case the dispute can not be settled after negotiation, either party is entitled to apply for arbitration or institute
legal proceedings in the people’s court. 
 Article 7 Condition and Date of Contract Effectuation 

This contract becomes effective after approved by the board of shareholders of Zhongshan Mingyang Wind Power Blade Technology Co., Ltd and signed by both
parties. 
 Article 8 Miscellaneous 

This contract is made out in four identical copies, one for each party, one to be submitted to the industry and commerce administrative authorities, and
one to be saved by Zhongshan Mingyang Wind Power Blade Technology Co., Ltd. The four copies have the same legal validity. 
 Party A: Zhongshan
Mingyang Energy Investment Co., Ltd 

 

 

 Signature of Legal Representative: 

Party B: Guandong Mingyang Wind Power Technology Co., Ltd 

 

 

 Signature of Legal Representative: 

Date:Translation of Loan Agreement dated in April 2009

 Exhibit 10.37 

Loan Agreements 
 Party A:
Guangdong Mingyang Wind Power Technology Co., Ltd. 
 Party B: Zhongshan Mingyang Electrical Appliance Co., Ltd. 

Both parties agree on the following matters, signing this agreements. 
  

	1.	Party A shall lend 160 million RMB (160,000,000,00 RMB) to Party B before April 25, 2009. 

 

	2.	Borrowing Rate: Interest shall be calculated at a 14.5% annualized rate (the combined annual ratio of Ming Yang Electric Appliance Plant paid to Industrial and
Commercial Bank of China for loans collateralized with equity mortgages). 

  

	3.	Borrowing Period: From April 10, 2009 to April 8, 2010 (If changed, both parties should negotiate). 

 

	4.	Repayment Date and Method: It shall be repaid before April 8, 2010 (If the repayment term changed, both parties should negotiate to solve it).

  

	5.	Liability for Breach of Contract: Carry out according to Law of Contract. 

 

	6.	This agreements comes into effect at the time when the funds arrives at Party A’s bank account. This agreements is made out in quadruplication and each party holds
two. 

  

			
	 Party A:
Guangdong Mingyang Wind Power
 Technology Co., Ltd.
	  	 Party B:
Zhongshan Mingyang Electrical
 Appliance Co., Ltd.

	 	 
	Representative of Party A:	  	Representative of Party B:
	 	 
	Date: April 9, 2009	  	Date: April 9, 2009Translation of Lease Financing Service Agreement dated in March 2009

 Exhibit 10.38 

Lease Financing Service Agreement 

Party A: Guangdong Mingyang Wind Power Technology Co. Ltd. 

Party B: Zhongshan Mingyang Energy Investment Co. Ltd. 

Through mutual consensus, Party A and Party B reach the Agreement hereunder in respect to the Financial Lease procurement of 49.5 MW wind turbine of
Hebei Weichang by China Huaneng Group thorough CCB Financial Leasing Corporation Limited. 
 I. Whereas Party B provide services to Party A in
respect to one-off fee collection of the wind turbine Financial Lease of Weichang Project, Party A shall pay 3% of the full amount of the one-off fee collection to Party B as commission (including the fees directly paid to CCB Financial Leasing
Corporation Limited). 
 II. Obligations of Party A 

In the follow-ups of the Project, Party A shall promptly notify Party B information in respect to the Project such as related progress, quotation,
bidding, technology and services etc. and recommend Financial Lease mode to investors of Weichang Project; 
 III. Obligations of Party B

 1. Party B shall assist Party A in selection of Leasing Company and promote the advantages of leasing to the Lessee; 

2. Party B shall assist Party A, Lessee and Leasing Company in preliminary consultation and communications among the three parties; 

3. Party B shall assist Leasing Company to conduct preliminary qualification and risk assessment of the Project, collect related qualification documents
of the Lessee including verification material such as Financial Statements, Capital Verification Reports, Project Feasibility Reports and Examination and Approval documents etc and assist Leasing Company in formulation of leasing structures and
schemes. 
 4. Party B shall assist the three parties in business negotiation, discussion of contract specifications including rental interest
and mode of payment etc and signing of respective contracts of the three parties including Lease Contract, Equipment Procurement Contract and Technology & Service Contract. 

5. Party B shall assist Party A in one-off collection of more than 80% of the contracted Equipment Fees. 

IV. Commission Payment 
 Party A shall pay all
the commission fees to Party B in one-off payment within 30 days upon receipt of all Equipment procurement fees from Leasing Company. 
 V.
Party A and Party B shall resolve the unstipulated matters through consultation and negotiation. This Agreement is made out in duplicate with both Party holding one copy. 

Party A: Guangdong Mingyang
                                         
               Party B: Zhongshan Mingyang 
 Wind Power Technology Co.
Ltd.
                                         
                     Energy Investment Co. Ltd. 

Signed on Mar. 27, 2009Translation of Lease Financing Service Agreement dated in December 2009

 Exhibit 10.39 

Lease Financing Service Agreement 

Party A: Guangdong Mingyang Wind Power Technology Co., Ltd. 

Party B: Zhongshan Mingyang Energy Investment Co. Ltd. 

Through mutual consensus, Party A and Party B reach the Agreement hereunder in respect to the Financial Lease procurement of 49.5 MW wind turbine of
Hebei Weichang by China Huaneng Group thorough CCB Financial Leasing Corporation Limited. 
 I. Whereas Party B provide services to Party A in
respect to one-off fee collection of the wind turbine Financial Lease of Weichang Project, Party A shall pay 3% of the full amount of the one-off fee collection to Party B as commission (including the fees directly paid to CCB Financial Leasing
Corporation Limited). 
 II. Obligations of Party A 

In the follow-ups of the Project, Party A shall promptly notify Party B information in respect to the Project such as related progress, quotation,
bidding, technology and services etc. and recommend Financial Lease mode to investors of Weichang Project; 
 III. Obligations of Party B

 1. Party B shall assist Party A in selection of Leasing Company and promote the advantages of leasing to the Lessee; 

2. Party B shall assist Party A, Lessee and Leasing Company in preliminary consultation and communications among the three parties; 

3. Party B shall assist Leasing Company to conduct preliminary qualification and risk assessment of the Project, collect related qualification documents
of the Lessee including verification material such as Financial Statements, Capital Verification Reports, Project Feasibility Reports and Examination and Approval documents etc and assist Leasing Company in formulation of leasing structures and
schemes. 
 4. Party B shall assist the three parties in business negotiation, discussion of contract specifications including rental interest
and mode of payment etc and signing of respective contracts of the three parties including Lease Contract, Equipment Procurement Contract and Technology & Service Contract. 

5. Party B shall assist Party A in one-off collection of more than 80% of the contracted Equipment Fees. 

IV. Commission Payment 
 Party A shall pay all
the commission fees to Party B in one-off payment within 30 days upon receipt of all Equipment procurement fees from Leasing Company. 
 V.
Party A and Party B shall resolve the unstipulated matters through consultation and negotiation. This Agreement is made out in duplicate with both Party holding one copy. 

 

					
	Party A: Guangdong Mingyang	 		 	Party B: Zhongshan Mingyang
	Wind Power Technology Co., Ltd.	 		 	Energy Investment Co. Ltd.
		 		 	Signed on Mar. 27, 2009

 Lease Financing Service Framework Agreement 

Party A: Guangdong Mingyang Wind Power Technology Co. Ltd. 

Party B: Zhongshan Mingyang Energy Investment Co. Ltd. 

I. Party A engages in the manufacturing of Wind Turbine Equipment. To accelerate the collection of goods payment, Party A intends to adopt Financial
Lease to sell Wind Turbine Equipment. Through amicable negotiation, Party A has entrusted Party B to go through finance leasing formalities, specifications as follows: 

1. Party B shall assist Party A in selection of appropriate Leasing Company and promote the advantages of leasing to the Lessee; 

2. Party B shall assist Party A, Lessee and Leasing Company in preliminary consultation and communications among the three parties; 

3. Party B shall assist Leasing Company to conduct preliminary qualification and risk assessment of the Project. 

4. Party B shall assist the three parties to conduct business negotiation. 

5. Party B shall assist Party A in one-off collection of more than 80% of the contracted Equipment fees. 

II. Notification Letter 
 2.1 The rights and
obligations of Party A and Party B shall be specified through this Framework Agreement. Specific matters entrusted by Party A shall be specified in Notification Letter issued thereafter; unspecified matters shall be adjusted in accordance with
related stipulations of this Framework Agreement. Should the actual execution date of the Notification issued within the validity period of this Agreement be beyond the validity period of this Agreement, the validity date of this Notification Letter
shall automatically extend to the execution date of the same. 
 2.2 Notification Letter issued by Party A shall be transmitted through
facsimile. Party B shall agree and accept that Notification Letter and be bound to the same. 
 III. Commission Payment 

3.1Should Party A, Seller of Equipment and Financial Leasing Company sign Financial Lease Agreement by service of Party B, Party A shall to Party B 3% of
the one-off payment collection as commission fee within 30 days upon receipt of Equipment Procurement fees from the Leasing Company (including fees directly paid to the Leasing Company). 

3.2 Party A and Party B agree that each Notification Letter No. shall be an independent settlement unit with the amount subject to each Notification
Letter. 
 IV. Terms of Agreement 
 4.1
The terms of this Agreement shall be [3] years, as of the date of signing this Agreement to [Nov. 30, 2012]. 

 4.2 Should any of the events hereunder occur, this Agreement shall be terminated: 

1) Party B have fulfilled the entrusted matters by Party A and received corresponding fees. 

2) Party A and Party B have agreed to dismiss or terminate this Agreement. 

V. Unstipulated matters within this Agreement shall be resolved though amicable negotiation between both parties. 

VI. This Agreement is made out in duplicate with both parties holding each copy, effective as of the date of signing. 

 

					
	Party A: Guangdong Mingyang	 		 	Party B: Zhongshan Mingyang
	Wind Power Technology Co. Ltd.	 		 	            Energy Investment Co. Ltd.
			
	Legal Representative (Authorized Representative):	 		 	Legal Representative (Authorized Representative):
			
		 		 	Signed on Dec. 1, 2009

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