Supplementary Agreement to the Patent License Agreement
Exhibit 10.52
Supplementary Agreement to the Patent License Agreement
Party A: Zhongshan Mingyang Electrical Appliances Co., Ltd. (the Licensor)
Party B: Guangdong Mingyang Wind Power Technology Co., Ltd. (the Licensee)
WHEREAS Party A and Party B entered into a patent license agreement (the Patent License Agreement) in connection with the license of the protection system for bridgeam shoot-through of 6KV three-level inverter (the Patent) owned by Party A on October 5, 2006. The license fee is RMB2.5 million.
Both parties hereby mutually agree on the provisions of this supplementary agreement as follows:
1, Party A agrees to license the Patent to Party B and exempts Party B from the license fee as provided in the Patent License Agreement;
2, Party B undertakes that the Patent will only be applied to its own use and research purpose; Party B shall not transfer the Patent to any third party without Party A’s written consent;
3, This supplementary agreement becomes effective upon the countersign of both parties.
Party A Zhongshan Mingyang Electrical Appliance Co., Ltd.
Party B Guangdong Mingyang Wind Power Technology Co., Ltd.
Date: May 16, 2009