Exhibit 10.50
Maximum Guarantee Contract – Mingyang Wind Power (in quadruplicate)
Maximum Guarantee Contract
No.: GBZ476440120090493
Guarantor: Zhongshan Mingyang Electrical Appliance Co., Ltd.
Business License No.: 442000400000499
Legal Representative/Principal: ZHANG Zhuanwei
Address: Daling District, Torch High Technology Industry Development Zone, Zhongshan City
P. C.: 528437
Financial Institution of Deposit and Account No.: Bank of China Zhongshan Branch, 801857520608093001
Tel.: 0760-85332537 Fax: 0760-853325387
Creditor: Bank of China Limited Zhongshan Branch
Legal Representative/Principal: XU Peijing
Address: Zhongyin Building, No. 18, 3 Zhongshan Road P. C.: 528437
Tel.: 0760-88336688 Fax: 0760-88306960
In order to ensure performance of the debt under the Master Contract prescribed in Article 1 of this Contract, the Guarantor is
willing to provide guarantee for the Creditor. Both parties have concluded and entered into this Contract through consultation
on the basis of equality. Definitions of the terms and expressions under this Contract shall be determined in accordance with the
Master Contract, except otherwise stipulated in this Contract.
Article 1 Master Contract
Master Contract of this Contract:
The Credit Line Agreement concluded and to be concluded by and between the Creditor and the Debtor Guangdong Mingyang
Longyuan Power & Electronic Co., Ltd. and Guangdong Mingyang Wind Power Technology Company Ltd. during the period
from January 1, 2007 to December 31, 2012 , and the single agreement concluded and to be concluded pursuant to the Credit
Line Agreement, and their revisions and supplementary provisions, as prescribed, shall be deemed as the Master Contract of
this Contract.
The loan contract, trade finance contract, letter of guarantee, treasury business and other giving credit contract (hereinafter
collectively referred to as the “Single Contract”) concluded and to be concluded by and