Loan Agreements
Exhibit 10.43
Party A: Mingyang Wind Power Technology Co., Ltd.
Party B: Tianjin Mingyang New Energy Investment Co., Ltd.
On the principle of mutual benefit and paid use of capital, both parties reach an agreement as follows through negotiation:
I. Party B agrees to lend capital to Party B for paid use;
II. Party A agrees to pay capital use fee to Party B in accordance with annual interest rate of banks in the corresponding period on a monthly basis.
III. As at March 2009, Party A shall pay capital use fee totaling to XXX 000000, indicated as following table.
| Period of use | Used amount | Annual interest rate |
Monthly interest rate |
Length of use | Use fee | |||||
| July to December 2008 | 18000000.00 | 7.47% | 0.62% | 6 months | 672300.00 | |||||
| January to March 2009 | 18000000.00 | 5.31% | 0.44% | 3 months | 238950.00 | |||||
| In total | 911250.00 | |||||||||
This agreement is executed in duplicated with each party holding one copy. This agreement shall take effect after both parties sign names and affix seals.
| Party A: Mingyang Wind Power Technology Co., Ltd. | Party B: Tianjin Mingyang New Energy Investment Co., Ltd. | |
| Representative signature: | Representative signature: | |
| April 11, 2009 |
