Document:

EX-10.30

 EXHIBIT 10.30 

Umbrella Agreement to Sell and Purchase Wind Turbines 

This umbrella agreement (“Umbrella Agreement”), effective June 30, 2015 (“Effective Date”),
memorializes that Gamesa Wind US, LLC (“Seller”) and Iberdrola Renewables, LLC (the “Owner”) agree for Seller to sell, and for Owner or its affiliates to purchase Wind Turbines in multiple transactions (each, a
“Transaction”) for projects (the “Projects”) substantially in accordance with the terms and conditions of this Umbrella Agreement, including the terms in Seller’s Proposal GWUS 15-047, dated June 19, 2015
(“Proposal”) attached hereto as Exhibit 1. Seller and Owner each may be referred to in this Umbrella Agreement individually as a “Party”, and collectively as the “Parties”. 

This Umbrella Agreement sets forth the basic terms of the proposed Transactions which shall be more fully reflected in definitive agreements
(the “Supply Agreements” as they are defined in paragraph 3 of this Umbrella Agreement) to be negotiated by the Parties. 

WHEREAS, Seller is engaged in the business of manufacturing and selling wind turbine generators, parts and components (the
“Wind Turbines”), and providing erection supervision, commissioning, and operation and maintenance services (the “Work”) for such Wind Turbines (together, the Wind Turbines and Work constitute the “Supply
Items”), and wishes to sell such Supply Items to Owner; 
 WHEREAS, Owner is engaged in the development and operation of
renewable energy projects, which include wind-powered electrical generation facilities, and wishes to purchase the Supply Items from Seller for the Projects; and 

WHEREAS, the Parties have entered into the Equipment Supply Agreement dated December 28, 2014 (as amended, the
“ESA”), and wish to modify the ESA to the extent related to the Projects as described in this Umbrella Agreement. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties agree as follows: 
  

	 	1.	Award of Supply for [***] Projects. Pursuant to the terms and conditions set forth herein, Owner hereby grants to Seller the exclusive right to supply all Supply Items for [***] Projects, provided, however, that
if Supply Agreements are executed for such Projects, the terms of such Supply Agreements shall control for each applicable Project. [***] 

  

	 	2.	Notices to Proceed. Owner shall issue corresponding Notices to Proceed (“NTPs”) under Supply Agreements for [***] no later than [***]. If the Supply Agreements for [***] are not yet in executable
form by [***] then Owner [***] and, until the Supply Agreements for such Projects are executed, [***] (as amended, the “TSA”) and [***] (as amended, “WMSA”), as modified by (i) the applicable NTP,
(ii) this Umbrella Agreement, (iii) the Proposal attached hereto as Exhibit 1, and (iv) certain agreed changes made to provisions of TSA, attached hereto as Exhibit 2 (collectively, the “Specified Proposal Terms”). Further,
Parties agree that TSA and WMSA, including their exhibits, shall be Project specific. The Parties shall continue to use commercially reasonable efforts to finalize and execute the Supply Agreements by [***]. 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

	 	3.	Form of Supply Agreements. The Supply Agreements for each individual Project shall consist of (i) a Wind Turbine Delivery and Purchase Contract, and (ii) a Warranty, Maintenance, and Service Agreement
(together, the “Supply Agreements”). The Parties shall execute the Supply Agreements, for each Project, substantially in the form of the TSA and WMSA, except as such agreements may be modified by mutual agreement of the Parties.
Furthermore, the Parties agree that the executable Supply Agreements also shall be modified, as necessary, to incorporate the Specified Proposal Terms. 

  

	 	4.	Quantity. [***] 

  

	 	5.	[***] 

  

	 	6.	[***] 

  

	 	7.	Announcements. Neither Party shall make any public announcement regarding the Transaction or this Umbrella Agreement without the express written consent of the other Party, which consent shall not unreasonably be
withheld. Press releases regarding the Transactions shall be mutually agreed upon by the Parties. 

  

	 	8.	Confidentiality. Article 9 of the ESA is hereby incorporated by reference in and as part of this Umbrella Agreement. The Parties acknowledge that the “legal process” exception in Section 9.3(iv)
includes disclosures of confidential Information to the extent necessary to comply with each Party’s reporting obligations under applicable law and securities exchange rules. Further, each Party agrees to provide the other Party with a five
(5) business day written notice that the Party intends to disclose confidential information as required per applicable law and/or securities exchange rules. 

  

	 	9.	Costs. Each Party shall assume its own counsel costs, fees and expenses incurred in the preparation and negotiation of this Umbrella Agreement and the Supply Agreements, and the Parties shall not have the right
to claim for any compensation or damages for this cause. 

  

	 	10.	 Modification of ESA; Incorporation of Certain ESA Provisions. The Parties acknowledge that all terms and provisions of the ESA, except as
expressly 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

2 

	 	
modified by this Umbrella Agreement, remain in full force and effect. The Parties further agree that Article 5 (Dispute Resolution), Article 6 (Indemnification), Article 7 (Default; Termination),
Article 8 (Representations and Warranties), Article 9 (Confidentiality), and Article 10 (Miscellaneous) of the ESA are incorporated by reference in and as part of this Umbrella Agreement, mutatis mutandis, but only to the extent they do not
conflict with the express terms of this Umbrella Agreement. 

  

	 	11.	Term. This Umbrella Agreement shall expire upon the earlier of (i) the execution of Supply Agreements for each of the [***] Projects, or (ii) [***]. 

 

	 	12.	Binding Effect. Seller and Owner agree that the obligations of the Parties set forth herein shall constitute legally binding commitments. 

 

	 	13.	Choice of Law: Dispute Resolution. This Umbrella Agreement shall be governed by the laws of the State of New York without regard to choice of law principles. Any claim, requirement, or dispute arising from this
Umbrella Agreement shall be irrevocably submitted to the exclusive jurisdiction of the state or federal courts located in New York City, New York. 

  

	 	14.	Assignment. Neither Party shall have the right or power to assign this Umbrella Agreement in any way without the other Party’s express written consent, which shall not be unreasonably withheld. Any purported
assignment made in violation of this paragraph shall be void. 

  

	 	15.	Expiration of Umbrella Agreement; Survival of Certain Provisions. In the event that the Umbrella Agreement expires or otherwise terminates, paragraphs 1, 7, 8, 13 and this paragraph 15 shall survive
notwithstanding such termination. 

  

	 	16.	Default; Termination; Damages. Notwithstanding anything to the contrary set forth herein, the Parties expressly exclude and waive any and all special, punitive, Indirect or consequential damages arising out of,
resulting from or in connection with the performance or non-performance of this Umbrella Agreement, including, but not limited to, loss of profit or business interruptions, howsoever caused, and whether or not foreseeable as of the Effective Date,
except if such damage is caused by fraud, willful misconduct or gross negligence. 

  

	 	17.	Notices. Any Notice required or permitted to be given by Owner to Seller hereunder shall be in writing and shall be addressed to: 

Seller: 
 Gamesa Wind US, LLC 

1150 Northbrook Drive, Suite 150 

Trevose, Pennsylvania 19053 

Attention: Head of Sales 

Telephone: (215) 710-3100 

Facsimile: (215) 741-4048 

Email: gonzain@gamesacorp.com 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

3 

 With a copy to: 

Gamesa Technology Corporation, Inc. 

1150 Northbrook Drive, Suite 150 

Trevose, Pennsylvania 19053 

Attention: General Counsel 

Telephone; (215) 710-3100 

Facsimile: (215) 689-3784 

Email: ffuselier@gamesacorp.com 

and any Notice required or permitted to be given by Seller to Owner hereunder shall be in writing and shall be addressed to: 

Owner: 
 Iberdrola Renewables, LLC

 1125 NW Couch Street, Suite 700 

Portland, Oregon 97209 

Attention: Contract Administration 

Telephone: (503)241-3230 
 with a
copy to: 
 Iberdrola Renewables, LLC 

1125 NW Couch Street, Suite 700 

Portland, Oregon 97209 

Attention: General Counsel 

Telephone: (503) 796-7127 

[SIGNATURE PAGE FOLLOWS ON NEXT PAGE] 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

4 

 IN WITNESS WHEREOF, the Parties intending to be legally bound, have caused this Umbrella Agreement to be executed
by their duly authorized officers as of the date first written above. 
  

			
	Gamesa Wind US, LLC:
		
	By:	 	/s/ Borja Negro
	Name:	 	Borja Negro
	Title:	 	CEO
		
	By:	 	/s/ Francis A. Fuselier
	Name:	 	Francis A. Fuselier
	Title:	 	Secretary & General Counsel
	
	IBERDROLA RENEWABLES, LLC
		
	By:	 	/s/ Frank Burkhartsmeyer
	Name:	 	Frank Burkhartsmeyer
	Title:	 	Authorized Representative
		
	By:	 	/s/ Scott Jacobson
	Name:	 	Scott Jacobson
	Title:	 	Authorized Representative

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

5 

 Exhibit 1 

Proposal 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

6 

			
	 June 24, 2015
 Proposal: GWUS
15-047R1
	  	                                

 Iberdrola Renewables: 

Ignacio Zamarrón Cassinello 

REVISED PROPOSAL FOR THE SUPPLY OF 2016 / 2017 WIND TURBINES 

For 
 [***] 

Dear Nacho, 
 [***] 

We trust these adjustments capture our intent to bring your projects to fruition with the lowest cost of energy. 

Please let me know if you have any questions in regards to our proposal. 

Sincerely, 
 Gonzalo Onzain 

Vice President 
 Sales & Marketing 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

 [***] 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

					
	June 24, 2015	 	Confidential, Subject to Contract	 	Page 2

 Annex 1 

Project Schedule 
 [***] 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

					
	June 24, 2015	 	Confidential, Subject to Contract	 	Page 3

 DISCLAIMER: 

The following conditions apply to this proposal and to any negotiations between your company and Gamesa Wind US LLC (“Gamesa”) regarding a
potential transaction(s) involving Gamesa wind turbine generators and associated supply items and services (including operation and maintenance services of such items) (the “Supply Items and Services”): 

No obligation for a potential transaction involving the Supply Items and the Services shall be deemed to exist unless until a Definitive Agreement
involving the Supply Items and Services has been executed by both parties and the basis for the Definitive Agreement shall solely be the terms and conditions set forth in the Definitive Agreement. For purposes of this proposal, a
“Definitive Agreement” means a final written agreement(s) relating to a transaction that is expressly binding and signed by the relevant parties. 

This proposal does not equate to a binding offer for a transaction involving the Supply Items and Services and Gamesa shall not assume any legal obligation
until a Definitive Agreement regarding a transaction Involving the Supply Items and Services is executed and delivered. This proposal, subsequent letters of intent, or any other preliminary agreements between the parties shall not be deemed a
Definitive Agreement. 
 Either party shall be entitled to terminate, at its sole discretion, discussions or negotiations at any time, prior to the
execution and delivery of the Definitive Agreement regarding a potential transaction involving the Supply items and Services and the parties shall not have the right to claim any compensation and/or damages. 

Any Definitive Agreement with Gamesa regarding a transaction involving the Supply Items and Services, shall be subject to the approval by the Board
of Directors and/or management of the Gamesa Group. 
 The Information contained in this proposal shall be deemed to be confidential and both parties
agree to hold such information in strict confidence. Neither party shall disclose this information to any other person, except to those employees, agents, attorneys or representatives of that party with a need to view this information for the
purpose of evaluating a potential transaction and negotiating a Definitive Agreement. 
 The parties agree that the information provided herein is
solely for the purpose of exploring the potential for a Definitive Agreement regarding a transaction Involving the Supply Items and Services. This proposal, along with previous or future conversations between the parties related to a
proposed transaction involving the Supply Items and Services, shall not be used against the other party in any circumstance, including other business ventures, industry activities, competitive projects or with customers, now or in the future.

 Each party will assume its own costs, Including attorney fees, and expenses incurred in the discussions and negotiations, if any.
                                         

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

  

					
	June 24, 2015	 	Confidential, Subject to Contract	 	Page 4

 Exhibit 2 

Agreed Changes to TSA 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

 8 

 

 
 Exhibit 2 

[***] 

  

	***	Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this
exhibit has been provided separately to the Securities and Exchange Commission. 

 9EX-4.18

 Exhibit 4.18 

Maximum Mortgage Contract 
 Contract No.:
[2014]8800-8210-040 
 Mortgagor (Party A): Dongguan Wing Shing Electrical Products Factory Company Limited 

Address: Yinxi Industrial Zone, Qingxi Town, Dongguan 
 Post Code:
523000 
 Legal representative (person in charge): John C.K. Sham 

					
	Fax:		Telephone:		

 Mortgagee (Party B): China Construction Bank, Dongguan branch 

Address: Jiansheng Building, No. 5 Tiyu Road, South City, Dongguan 

Post Code: 523071 
 Person in charge: Fan Ti 

					
	Fax: 0769-22111198		Telephone: 0769-23307107		

  
 1 

 Whereas Party B continuously deals with the first, second, third, fourth and fifth credit
business for Guangdong Lite Array Co., Ltd (hereinafter referred as “Debtor”), Party B will sign (and/or have) signed RMB Loan Contract, Foreign Currency Loan Contract, Bank Acceptance Agreement, Letter of Credit Contract, and issue Letter
of Indemnity Agreement and/or other legal documents (the above contract, agreement and/or other legal documents signed within the determined period are all referred as “main contract”) within the period from September 24, 2014 to
December 31, 2017 (hereinafter referred as “the period of Obligatory Right”). 
  

	 	(i)	Provide RMB/foreign currency loans; 

  

	 	(ii)	Acceptance of Commercial Bills; 

  

	 	(iii)	Open Letter of Credit; 

  

	 	(iv)	Issue Letter of Guarantee; 

  

	 	(v)	Other credit business: Export Order Financing, Export Commerical Bill Financing, Trust Receipt Loan, Overseas Payment and Export Accounts Receivable. 

Party A is willing to provide the maximum amount of mortgage guarantee for a series of debt under the main contract for the debtor. According
to related laws and regulations, party A and party B entered into the contract through negotiation to abide by both parties. 
 Article 1
Mortgaged property 
  

	 	I.	Party A set the property listed in the “mortgaged property list” of the contract as the mortgage. 

  

	 	II.	If the mortgaged property changes the certificate of title or other rights, which leads to the difference between the “mortgaged property list” of the contract or other rights certificate or mortgage
certificate document and the above certificate of title or registration of the registration body, party A should not refuse to bear the guarantee responsibility for this reason. 

 

	 	III.	Unless otherwise agreed by both parties or as required by law, the increased property of the mortgaged property for the reason of attaching, mixing, processing or alteration will also become the mortgage guarantee of
Party B’s credit rights, and party A should make necessary registration procedures according to party B’s requirements. 

  

	 	IV.	If the value of the mortgaged property have decreased or may decrease, which will affect party B’s claim to achieve, party A should provide new guarantee according to party B’s requirements. 

Article 2 Coverage and the maximum credit limit 

1. The coverage of the maximum mortgage guarantee dominated all debts under the main contract, including but not limited to all principal,
interest (including compound interest and penalty interest), liquidated damages, compensation and other payment that the debtor should pay to party B (including but not limit to related handling fee, telecommunication charges, fees and related bank
charge that the beneficiary refuse to bear and paid by party B), and the occurred fees that party B realizes rights and security rights (including but not limited to legal fees, arbitration fees, property preservation fees, travel expenses,
execution fees, assessment fees, auction fees, notary fees, service fees, advertising fees and legal fees). 
 2. The maximum limit under
the guarantee responsibility of the maximum mortgage (currency) is RMB (capitalized) SAY ONE HUNDRED AND TWO MILLION NINE HUNDRED AND SEVENTY THOUSAND AND NINE HUNDRED YUAN. If party A performs the guarantee obligation under the contract, the
maximum amount should be reduced correspondingly according to the performed amount. 
 3. Even if the credit, advance, interest and fees
under the contract or the actual performing time of party B’s other rights exceed the confirmed period of the creditor’s rights, it is still belongs to the guarantee scope of the maximum mortgage. The expiry date of performing time of the
creditor’s rights under the contract will not limit to the expiry date determined by the creditor’s rights. 

  
 2 

 Article 3 Registration of mortgaged property 

Both parties should make the mortgage registration procedure in corresponding registration body within twenty days after sign the contract.
Party A should send the rights certificate of the mortgaged property, original copy of the mortgage registration document and other rights certificate to party B on the day of completing the mortgage registration. 

Article 4 Alteration of the main contract 

1. Party A agree that party B doesn’t need to notice party A if party B sign the main contract with the debtor or there is any alteration
of the main contract (including but not limited to extend the period of the credit obligation or increase the principal amount of the creditor rights, and party A should still bear the guarantee responsibility as per the agreed maximum amount and
the coverage range. 
 2. Change of the person concerned 

Party A’s guarantee obligation should not reduce for any of the below condition happen: 

 

	 	(i)	Party B or the debtor has the condition of restructuring, merger, consolidation, division, increasing or decreasing capital, joint venture, or rename; 

 

	 	(ii)	Party B entrusts a third party to perform its obligation under the main contract; 

  

	 	(iii)	The creditor’s rights under the contract transfers to a third party, and the guarantee under the contract also transfer with it. Party A should assist the third party to make the mortgage alteration registration
procedure required by law. 

  

	 	(iv)	If the transferring action of the creditor debt or rights doesn’t come into effect, is invalid, is retreated or dismissed party A should still bear the guarantee responsibility according to the contract.

 Article 5 Possession and custody of the mortgaged property 

1. Party A should possess, keep and maintain the mortgaged property properly, rationally use the mortgaged property, keep the mortgaged
property in good condition and pay various tax and charges related to the mortgaged property. Party B is entitled to check the mortgaged property, and could require party A to send the certificate of title of the mortgaged property for party B to
keep. 
 2. If party A entrusts or agrees that a third party possess, keep or use the mortgaged property, it should notice the third party
that the existence of party B’s mortgage and require to keep the mortgaged property in good condition, accept party B to check the mortgaged property and not hinder party B to realize the mortgage. Party A should not exempt from the obligations
in the above article for this reason, meanwhile it should bear responsibility for the behavior of the third party. 
 3. If the mortgaged
property results in personal or property damage, party A should bear the responsibility. If party B is claimed and bears the responsibility or pay advance for party A, then party B is entitled to claim compensation from party A. 

Article 6 Insurance of the mortgaged property 

1. Unless otherwise agreed by both parties, party A should cover the insurance of the mortgaged property according to related laws and
insurance type, period and insurance amount designated by party B. The insurer should have legal qualification and good reputation. 
 2.
The content of the insurance policy should comply with party B’s requirement and should not have the limited condition which is harmful to party B’s rights. It should be specially noted on the insurance policy: party B is the priority
beneficiary (the first beneficiary) of the insurance compensation; it should have party B’s written confirmation for alteration of the insurance policy; if any insurance event 

  
 3 

 
happens, the insurer should send the insurance compensation to Party B’s designated account directly. If the insured insurance policy of the mortgaged property does not note the above
content, it should have the corresponding annotate or alteration for the insurance policy. 
 3. Party A should assure that the insurance is
effective continuously. It should not suspend, retreat and invalidate the insurance for any reason, waive the insurer’s responsibility for compensation, or change the insurance policy without permission of party B. If the insurance period
expires, while the credit debt guaranteed by party A is not repaid in full, party A should continue to insure, and the insurance period should prolong correspondingly. 

4. Party A should send the original copy of the insurance policy to party B within 20 days after signing the contract (if prolong the
insurance, it should be the date of completing the prolonged insurance), and reserve all necessary documents related to insurance compensation or insurance rights transfer. 

5. For the insurance compensation of the mortgaged property, party B is entitled to handle with the following methods, and Party A should help
to deal with related procedures: 
 (1) With party B’s permission, is used to restore the mortgaged property or recover the value of the
mortgaged property; 
 (2) pay off or pay off the principal and interest of the debt or related charges under the main contract in advance;

 (3) provide pledge guarantee for the debt under the main contract; 

(4) after party A has provided the new guarantee required by party B, it should be at party A’s disposal. 

Article 7 Limit of party A’s disposal of the mortgaged property 

1. Without written consent of party B, party A should not dispose the mortgaged property in any way, including but not limited to abandon, rent
(including prolong the original expired rent contract), donate, transfer, invest, repeated guarantee, migrate, change to public use, append, alter or divide with other objects. 

2. With written consent of party B, party A should deposit the payment by disposing the mortgaged property or other fees to the account
designated by party B. Party B is entitled to choose any of the agreed method in the second to the forth item of section 5, article 6 to dispose the above payment, and party A should help to deal with the related procedures. 

Article 8 Hamper of a third party 

1. If the mortgaged property is expropriated, taken over, removed, confiscated, taken back for free by the government, or the mortgaged
property is seizure, frozen, detained, supervised, lien, auction, forcible detainer, destroyed or other disposal by a third party, party A should notice party B immediately, and stop, remove or take other remedy measures in time to prevent
enlargement of the damage; if Party B requires, party A should provide new guarantee to meet party B’s requirement. 
 2. The left part
of the mortgaged property after the above condition occur should still be the mortgage guarantee for party B’s credit rights. The claims or compensation got by party A for the above reason should be sent to the designated account of party B.
Party B is entitled to choose any of the agreed method in the first to the forth item of section 5, article 6 to dispose the above payment, and party A should help to deal with the related procedures. 

Article 9 Realization of the mortgage 

1. If the debtor doesn’t perform the due debt under the contract or don’t perform the debt becoming due in advance or violate other
agreement of the main contract, party B is entitled to dispose the mortgaged property. 
 2. The value of the mortgaged property noted in
the Mortgaged Property List of the contract or otherwise agreed by both parties (hereinafter referred as “provisional value”), whether register in the registration body or not, doesn’t indicate the final value of the mortgaged
property, and the final value is the net value that got by party B after dispose the mortgaged property and deducting various of tax and fees. 

If the mortgaged property is compensated for party B’s creditor rights, the above provisional value will not be treated as the basis of
mortgaged property to compensate for party B’s creditor rights, at that time the value of the mortgaged property should be agreed by both parties or determined by fair assessment. 

  
 4 

 3. For the payment party B got by disposing the mortgaged property, after paying the fees in the
process of selling or auction (including but not limited to custody charges, assessment fee, auction fee, transfer fee, tax, and the state land leasing), it should pay off the debt under the main contract in priority, and return the remaining amount
to party A. 
 4. If party A is the same person as the debtor, party B is entitled to applying for compulsory execution for the other
properties besides the mortgaged property of party A, and not set the premise condition of giving up the mortgage rights or must disposing the mortgaged property at first. 

5. Party A should not hinder party B to realize the mortgage rights in any way (including act of omission). 

6. Regardless whether party B has other guarantee of the creditor rights under the contract (including but not limited to guarantee method
such as guarantee, mortgage, pledge, letter of indemnity and letter of credit), no matter whether the above other guarantee come into existence or is valid, whether party B has brought other right proposal for other guarantor, no matter whether
there is a third party that agrees to bear the whole or part of the debt under the main contract, no matter whether other guarantee is provided by the debtor, party A’s guarantee responsibility under the contract will not reduce thereafter,
party B could directly require party A to bear the guarantee responsibility within the agreed scope in the contract, and party A should not raise any objection. 

7. If the maximum limit of the guarantee responsibility agreed in the contract is lower than the creditor amount which actually occurs, the
creditor’s right is still not paid off after party A has borne the guarantee responsibility under the contract, then party A promises that it will execute the right of subrogation or recovery (including execute in priority) to its debtor or
other guarantor, and it will not do any harm to the interest of party B, and agree that the paying off of the debt under the contract should be prior to the realization of party A’s right of subrogation or recovery. 

Concretely speaking, before the creditor rights of party B is paid off, 

(1) party A agrees that it will not execute the right of subrogation or recovery to the debtor or other guarantor; if party A realizes the
above rights for any reason, party A should send the amount got to pay off party B’s unpaid debt in priority; 
 (2) if the debt under
the main contract has a guarantee of real right, party A agrees that it will not bring any right proposal for the guaranty the payment got from the guaranty for the reason of executing right of subrogation or other reasons, and the above guaranty
and its payment should pay off Party B’s unpaid debt in priority; 
 (3) if the debtor or other guarantor provide counter guarantee for
party A, then the amount party A got for the above counter guarantee should pay off Party B’s unpaid debt in priority. 
 8. if the
main contract doesn’t come into existence, is not effective or invalid or partly retreat or dismiss, and party A is not the same as the debtor, then party A bears joint liability for the debt formed by paying back the property or compensate the
lost within the guarantee scope agreed in the contract. 
 9. Party A has fully realized the rate risk. If party B adjusts the rate level,
interest counting or interest settlement method according to agreement in the main contract or the national rate policy change, which leads that the debtor’s interest, interest penalty or compound interest should be paid increase, party A
should bear the guarantee responsibility. 
 10. If the debtor has other debt to party B besides the debt under the main contract, party B
is entitled to transfer the RMB or other currency in the account opened by the debtor in China Construction Bank System to pay off any due debt in priority, and party A’s guarantee responsibility will not reduce therefore. 

  
 5 

 Article 10 Liability for breach of contract 

 

	 	I.	Party A’s liability for breach of contract 

  

	 	(i)	If party A violates any article of the contract or there is any false, wrong or missed information in the assured item compared with the statement, party B is entitled to take the below one or more measures:

  

	 	1.	Require party A to correct the breach behavior within a definite time; 

  

	 	2.	Require Party A to provide new guarantee; 

  

	 	3.	Require party A to compensate the lost; 

  

	 	4.	Dispose the mortgaged property; 

  

	 	5.	Other relief measures allowed by law. 

  

	 	(ii)	Party B is entitled to choose any of the agreed method in the second to the forth item of section 5, article 6 to dispose the above payment, and party A should help to deal with the related procedures.

  

	 	(iii)	If the mortgage doesn’t set up effectively for party A’s reason, or which leads that party B can’t realize the mortgage in time or fully realize the mortgage, and party A is not the same person as the
debtor, party B is entitled to require party A to bear joint liability with the debtor for the guaranteed debt within the guarantee scope agreed in the contract. 

 

	 	II.	Party B’s liability for breach of contract 

 If party B lost the mortgage right certificate
handed by party A; or after the debt has been paid off under the contract, party B doesn’t hand back the mortgage certificate or doesn’t help to make mortgage registration cancel procedure after applied by party A, party A is entitled to
take below one or more measures: 
  

	 	(i)	Require party B to bear the fee of making up the mortgage right certificate; 

  

	 	(ii)	Require party B to hand back the rights certificate of the mortgaged property, or help party A to cancel the mortgaged property registration. 

Article 11 Miscellaneous 
  

	 	I.	Fees should be borne 

 1. For fees that resulted by party A violating the contract (including
but not limited to legal fee, arbitration fees, property preservation fees, travel expenses, execution fees, assessment fees, auction fees, notary fees, service fees, advertising fees and attorney fees actually occurred to party B by party A
violating the contract), shall be borne by party A; 
 2. For other fees, party A and party B agreed as below: legal services, insurance,
evaluation, registration, storage, identification, notary and other expenses related to the contract and the guarantee of the contract should be borne by Party A (customers).” 

 

	 	II.	Transfer of the accounts payable 

 For all accounts payable of party A under the contract, party
B is entitled to transfer the corresponding accounts payable of RMB or other currency from the account opened by party A in the China Construction Bank System and without noticing party A in advance. If it is need to handle with procedures of
settlement and sales or foreign exchange, party A is entitled to help party B to deal with, and the rate risk should be borne by party A. 
  

	 	III.	Usage of party A’s information 

 Party A agrees that party B could inquire party A’s
credit reputation from credit database approved to establish by Bank of People’s Republic of China and its credit investigation department or related unit and department, and agrees that party B could provide party A’s information for
credit database approved to establish by Bank of People’s Republic of China and its credit investigation department. 
  

	 	IV.	Notice of collection 

 For party A’s breach of the contract, party B is entitled to report
to related to department or unit and is entitled to make notice of collection through news media. 
  

	 	V.	Effect of evidence recorded by party B 

 Except that there is reliable and confirmed opposite
evidence, party B’s internal financial related 

  
 6 

 
to the content of principal, interest, fees and repayment record, debtor’s documents, vouchers made or reserved by party B in the business process of debtor’s drawing money, repayment
and paying interest as well as the record and voucher of party B collecting the loan are all form the determined evidence of debt relationship under the main contract. Party A should not have any dispute for that party B makes and reserve the above
record, note, documents and voucher. 
  

	 	VI.	Reservation of right 

 Party B’s rights under the contract don’t affect or remove its
other any rights according to laws, regulations and other contract. Any tolerant, extending the time limit and preference for the breach of the contract or delay or postpone to exercise any rights under the contract can’t be treated as abandon
the rights or interest under the contract or permit or approve of the behavior of breach of the contract, it will also not affect, stop or hinder the rights’ execution or other rights’ execution, and it will also not lead to that party B
will bear the obligation and responsibility for party A. 
 Even party B doesn’t execute or postpone to execute any rights or any relief
unspent under the contract, party A’s guarantee responsibility under the contract will not reduce therefore, but if party B reduce the debt under the contract, party A’s guarantee responsibility under the contract will reduce
correspondingly. 
  

	 	VII.	If party A is in the event of separation, dissolution, bankruptcy proceedings, revoking, being withdrawn commercial registration or business license, the mortgaged property is destroyed, loss, aggrieving or out of party
A’s contract for natural reason or the third party’s behavior, the ownership of the mortgaged property has disputes or the rights certificate is withdrawn, it should notice party B immediately. 

 

	 	VIII.	The debtor’s dissolution or bankruptcy 

 If party A knows that the debtor is in the process
of dissolution or bankruptcy, it should notice party B immediately to report claims, meanwhile it will take part in the dissolution and bankruptcy process, execute the recovery right in priority. If party A knows that the debtor is in the process of
dissolution or bankruptcy, but it doesn’t execute the recovery right in priority, and then it should bear the loss itself. 
 Though
there is agreement in section 2, article 6 in the contract, in the process of debtor’s bankruptcy, if party B and the debtor reach an agreement of dispute settlement, or agree to reorganize the plan, party B’s rights under the contract
will not damage for the dispute settlement or reorganizing the plan, party A’s guarantee responsibility will not reduce. Party A should not go against party B’s claim for rights as the conditions regulated in the dispute settlement or the
reorganizing plan. Party B still has the right to require party A to bear the guarantee responsibility for the unpaid off debt given up in the process of dispute settlement or the reorganizing plan for the debtor. 

 

	 	IX.	Party A’s dissolution or bankruptcy 

 If party A is dissolution or bankrupt, even if party
B’s creditor’s rights is not due, party B is entitled to take part in party A’s liquidation and bankruptcy process, and claim rights. 
  

	 	X.	If party A’s address or contact information changes, it should notice party B in written immediately, the loss resulted from untimely notice should be borne by party A. 

 

	 	XI.	Other agreed matters 

 (1) If the mortgage registration matters change and need to make
change of registration according to law, party A should make the change of registration jointly with party B according to party B’s requirements, and party A should bear all related fees. 

  
 7 

 (2) Party A agrees that if party B collect or collect the loan in advance according to the
contract or the agreement of the contract, while the debtor can’t pay off, party A agrees to authorize party B to entrust the auction company to sell the mortgaged property at auction in the way of non-bottom price or dispose the mortgaged
property in the way of selling or converting into money, the payment is used to pay back the principal, interest and related fees to realize the creditor’s rights. 

(3) Party A’s declaration: in the process of disposing the mortgaged property, all documents signed by party B are all get party
A’s consent, and party A should not have disputes for any reason. 
 (4) If party A or the debtor doesn’t comply with
related environment and social risk management laws, regulations and rules, or it may bring damage or related risk to the environment and society in the process of construction, production and business activity (including but not limited to
environment and social problems such as energy consumption, pollution, land, health, safety, resettlement of affected residents, ecological protection, energy saving and emission reduction and climate change), party B is entitled to exercise the
guarantee right under the contract in advance, and take other relief measures agreed in the contract or allowed by law. 
 (5) Party
A’s delivery address: Qingxi Town, Dongguan 
 Party A confirms that the delivery address agreed in the contract is the only
effective address, if the delivery address changes, party A is responsible to notice party B in written form. If lawsuit or arbitration occurs, People’s court’s or arbitration commission’s legal documents will send to the above party
A’s address or to the address party A otherwise noticed in written form. 
  

	 	XII.	Solution of disputes 

 If there are any disputes in the process of performing the contract, it
could be solved through negotiation. If negotiations fail, use the first method below as solution. Within the period of lawsuit or arbitration, all articles unrelated to the disputes of the contract are still valid. 

(1) Conducts prosecution to Party B’s local people’s court. 

(2) Submit blank column to the arbitration commission (the arbitration address is blank column), and arbitrate according to the
current effective arbitration regulations when applying arbitration. The arbitration decision is final and binds on both parties. 
  

	 	XIII.	Effectiveness of the Contract 

 The contract comes into effect after being signed and sealed by
party A’s legal representative (responsible person) as well as being signed and sealed by party B’s legal representative or authorized agent. 
  

	 	XIV.	The contract is in quadruplication. 

  
 8 

 Article 12 Mortgaged property list 

The mortgaged property list of the contract is as below: 

Mortgaged property list 
  

													
	 Name of the mortgaged
property
	  	 Authority certificate
No. and other
related
certificate
No.
	  	 Address
	  	 Area and quantity
	  	 Value of the
mortgaged property

(Ten thousand
Yuan)
	  	 The amount has set
mortgage for other
credit rights

(Ten thousand
Yuan)
	  	 Remarks

							
	 Factory No.11
	  	YFDQZZ No. 2600721354	  	Qingxi Town, Dongguan	  	15953.60 Square meter	  	1914.43 Ten thousand Yuan	  	0	  	BLANK
							
	 Factory No.12
	  	YFDQZZ No.2600721355	  	 Qingxi Town, Dongguan
	  	15954.09 Square meter	  	1914.49 Ten thousand Yuan	  	0	  	BLANK
							
	 Factory No.13
	  	YFDQZZ No.2600721361	  	 Qingxi Town, Dongguan
	  	9636 Square meter	  	1156.32 Ten thousand Yuan	  	0	  	BLANK
							
	 Factory No.14
	  	YFDQZZ No.2600721363	  	 Qingxi Town, Dongguan
	  	9636 Square meter	  	1156.32 Ten thousand Yuan	  	0	  	BLANK
							
	 Factory No.15
	  	YFDQZZ No.2600721353	  	 Qingxi Town, Dongguan
	  	19994.70 Square meter	  	2999.21 Ten thousand Yuan	  	0	  	BLANK
							
	 Factory No.16
	  	YFDQZZ No.2600721362	  	 Qingxi Town, Dongguan
	  	9636 Square meter	  	1156.32 Ten thousand Yuan	  	0	  	BLANK
							
	 In total
	  	BLANK	  	BLANK	  	BLANK	  	10297.09 Ten thousand Yuan	  	0	  	BLANK

 Article 13 Party A’s statement and assurance 

1. Party A understands thoroughly party B’s business scope and authority. 

2. Party A has read all articles of the contract and the main contract. Party B has made corresponding instructions for the articles of the
contract and the main contract to meet party A’s requirements. Party A knows and understands the meaning of the contract and the main contract as well as its corresponding legal consequences. 

  
 9 

 3. Party A has legal qualification of guarantor, and party A’s guarantee behavior under the
contract complies with regulations of laws, administrative regulations, rules and party A’s constitution or internal organization documents, and has got the company internal competent authority and or state competent authority’s approve.
All responsibilities resulted from party A’s not entitled to sign the contract should be borne by party A, including but not limited to compensate party B’s loss in full amount. 

4. Party A confirms that it has full understanding of the debtor’s condition such as property, debt, operation, credit and reputation and
whether has the qualification and authority to sign the contract as well as all contents of the main contract. 
 5. Party A has the
ownership and right of deposition of the mortgaged property according to law, the mortgaged property is not public facility and prohibits to circulate and transfer and doesn’t have any title disputes. 

6. The mortgaged property doesn’t have other co-owner, or though there is other co-owner, the mortgage guarantee behavior has got the
co-owner’s written consent. 
 7. The mortgage property doesn’t exist any deficiency or burden without written notice to party B,
including but not limited to the mortgage property limits to circulate, was seized, detained, regulated, leased, lien, the mortgage property has the condition of being in arrears with purchasing price, maintenance fee, construction project payment,
state tax, charge for land using and damage compensation or the mortgage property has set guarantee for a third person. 
 8. All
information and materials related to the mortgage property provided by party A to party B is true, legal, correct and complete. 
 9. The
mortgage guarantee provided by party A will not affect legal interests of any third party and will not violate party A’s legal and agreed obligation. 

Party A (official seal): Dongguan Wing Shing Electrical Products Factory Co. Ltd. (sealed) 

Legal representative (responsible person) or authorized agency (sign): John C.K. Sham

 
 Date: September 26, 2014 

Party B (official seal): China Construction Bank, Dongguan branch (sealed) 

Responsible person or authorized agency (sign): Wang Qun

 
 Date: September 24, 2014 

  
 10

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