EX-10.15 28 dex1015.htm ENGLISH TRANSLATION OF FORM OF PURCHASE CONTRACT English Translation of Form of Purchase Contract

Exhibit 10.15

English Translation

Form of Purchase Contract

 

      Contract No.:
      Date:
      Place: Jiashan

The Buyer: Zhejiang Yuhui Solar Energy Source Co., Ltd.

Address: 8 Baoqun Road, Yaozhuang Town Industry Park, Jiashan County, Zhejiang Province

Tel.: 0573-4773062                     Fax: 0573-4773063

The Seller: Shangrao Desheng Industry Co., Ltd.

Address: Shangrao Industry Park, Jiangxi Province

Tel.: 0793-8461399                     Fax: 0793-8461159

Through negotiations, both parties enter into and abide by this Contract, whereby the Buyer purchases goods from the Seller:

 

1. Product Description

 

Product

   

Specification

   

Quantity (kg)

   

Unit price/Kg (tax included)

   

Total (tax included)

           

 

2. Technical Requirements and Quality Standard

P type: electrical resistivity >0.5W.cm.

N type: electrical resistivity >1W.cm

 

3. Price, Document and Transport Requirements

 

3.1 Price is specified in Article 1. Price is denominated in RMB.

 

3.2 Document requirement: with VAT invoice.

 

3.3 Transport requirement: highway transport

 

4. Terms of Payment.

                    .

 

5. Packaging Requirement, Delivery Term and Delivery Conditions

 

5.1 The Seller shall provide packages for the silicon blocks to be delivered and bear packaging costs.

Packages shall be suitable for long-distance highway transportation.

 

5.2 Place of delivery: goods shall be delivered to the warehouse of Buyer’s plant (8 Baoqun Road, Yaozhuang Town Industry Park, Jiashan County, Zhejiang Province).

 

5.3 The ownership of the goods shall be transferred to the Buyer upon arrival at the Buyer’s warehouse. In case of any loss, shortage, damage, etc in transit, the Seller shall be responsible for getting compensation from the carrier. The Buyer shall actively provide related materials, when the assistance is needed. In case that the Buyer finds problems when it receives goods, the Buyer shall obtain the specified records and certificate from the carrier and immediately check the goods and make a claim against the party responsible therefore. In case of over-delivery or mis-delivery, the Buyer shall make detailed records, store and shall not use such goods without permission and inform the Seller within 10 days after receipt of goods, with all expenses thus incurred to be borne by the Seller.

5.4 Freight: freight will be borne by the Seller.

 

5.5 Delivery time:                                

 

6. Force Majeure

 

6.1 Force majeure means any event that is unforeseeable and whose occurrence and consequences are unpreventable or unavoidable after this Contract becomes effective, e.g. earthquake, typhoon, flood, fire, war, etc, which directly affects the performance of this Contract or prevents this Contract from being performed according to specified provisions.

 

6.2 The prevented party shall forthwith notify the other party and provide the details of such event and related documentary evidence to the other party within 15 days.

 

6.3 In event of force majeure, both parties shall negotiate for a reasonable resolution and make all their best efforts to alleviate the influence of such event.

 

6.4 In case that an event of force majeure lasts for thirty days, both parties shall negotiate whether to perform or terminate this Contract or not.

 

7. Quality Issue

 

7.1 Upon receipt of goods, the Buyer shall make random inspections on all the goods and issue the corresponding acceptance documents. The unqualified products will be returned to the Seller together with documents, with freight borne by the Seller.

 

7.2 In case that any delivered goods are defective, the Buyer may choose to continue to perform this Contract or not.

 

8. Termination of Contract

This Contract will be terminated immediately after the written notice of termination issued by one party to the other party, especially in any of the following cases:

 

8.1 The Seller fails to perform its supply obligations under this Contract and fails to fix its non-performance or breach of this Contract within 30 days upon the Buyer’s requirement.

 

8.2 The other party goes bankrupt or files a bankruptcy petition or is reorganized or goes into liquidation or the other party files a similar petition.

If this Contract is terminated for goods reason, the Seller shall refund all advance payments to the Buyer within 7 working days of receipt of the notice of termination.

 

9. Defaulting Liabilities

In the event that either party breaches this Contract, it shall undertake the defaulting liabilities and pay default penalty to the other party. If default penalty cannot cover the losses due to such default, the defaulting party shall make up the deficit. If default penalty are excessively higher or lower than actual losses, either party may request people’s court or arbitration institute to decrease or increase default penalty appropriately.

 

9.1 In case either party fails to perform this Contract in whole or in part (in case of delayed delivery or insufficient delivery by the Seller, in reference to Article 9.2), the Seller shall pay the other party the default penalty at a rate of 0.5% of the total value of the goods involved in such default. If both parties negotiate to change or terminate this Contract, neither party is deemed to breach the Contract.

9.2 If the Seller delays delivery or that delivered goods are insufficient, the Seller shall pay the Buyer the default penalty at a rate of 1% of the total value of this batch of goods. If the Buyer does not collect goods according to delivery term or rejects qualified goods, it shall pay the Seller the default penalty at a rate of 1% of the total value of this batch of goods. If either party intends to increase or decrease contractual quantity or change the delivery term, it shall give a 10 days prior notice and obtain the consent of the other party; otherwise, it shall undertake economic liabilities.

 

9.3 The expenses actually paid by the Buyer during the custody period due to the mis-delivery by the Seller shall be borne by the Seller. In case that the Buyer delays payment, it shall pay the Seller the default penalty for overdue payment in accordance with the relevant regulations of the People’s Bank of China.

 

9.4 The default penalty, compensation, custody and maintenance expenses and various economic losses payable by either party shall be paid to the other party within 10 days after responsibilities are defined. Otherwise, such party will be punished for overdue payment. However, neither party shall offset relevant fees by withholding goods or deducting payment for goods.

 

10. Confidentiality

 

10.1 Each party shall keep confidential the business secrets of the other party obtained during cooperation, which are not publicly available. Except as otherwise specified by laws, without the written consent of the other party, neither party shall disclose such secrets to any third party or use them for any other purpose than as specified herein; otherwise, it shall undertake defaulting liabilities and bear the losses.

 

10.2 Each party shall also keep confidential the business information of both parties in this Contract and not disclose any such information to any third party.

 

10.3 The obligations of both parties under this Contract shall not be terminated with the Contract. Each party shall continue to comply with the confidential provisions herewith and perform its confidentiality obligations until the other party agrees to discharge its confidentiality obligations or its violation of the confidentiality provisions herewith will not result in any form of damage to the other party.

 

11. Final Provisions

 

11.1 This Contract supersedes all prior oral or written agreements between both parties. There is no other contract between both parties except this Contract. Any amendment or supplement to this Contract shall be made in writing. Likewise, any provision of this Contract shall be cancelled in writing.

 

11.2 The invalidity of any provision of this Contract shall not affect the validity of the other provisions of this Contract. Both parties shall replace such invalid provision with a valid provision which most closely approximates the economic intention of both parties. This article is also applicable if the blanks in this Contract are filled.

 

12. Settlement of Disputes

 

12.1 The validity and performance of this Contract and its amendments and all matters regarding the validity of this Contract and its amendments shall be governed by the laws of the People’s Republic of China. Any dispute is only governed by the laws of the People’s Republic of China.

 

12.2 Any dispute arising from the interpretation or performance of this Contract shall be first settled by both parties through friendly negotiations within 30 days.

 

12.3 In case no settlement can be reached through negotiations, either party may submit such dispute to local arbitration commission for arbitration in accordance such commission’s arbitration rules. Arbitral award shall bind upon both parties.

 

12.4 During arbitration, both parties shall continue to perform this Contract except for the matters involved in the dispute.

13. Effectiveness and Termination

 

13.1 The date when the duly authorized representatives of both parties sign this Contract shall be the effective date of this Contract. If there is any discrepancy between the signing dates, the later date shall be the effective date of this Contract.

 

13.2 The expiry date of the final warranty term of the “purchased goods” under this Contract shall be the date of termination of this Contract. But confidentiality provisions, settlement of disputes and the outstanding claims and liabilities between both parties shall not be affected by the expiry of this Contract, and the non-defaulting party shall be entitled to make claims.

 

14. Miscellaneous

 

14.1 This Contract is executed in duplicate, one copy for each party.

 

14.2 In case of anything not covered herein, both parties may enter into a supplementary agreement through negotiations, which is annexed to this Contract. The annexes to this Contract shall have the same effect as this Contract. Any and all correspondences, fax copies and emails confirmed by both parties form an integral part of this Contract and have the same effect as this Contract.

 

14.3 This Contract shall become effective as of its signing date (please fax this Contract back. This Contract shall be deemed to become effective if no objection is raised and this Contract is not faxed back within 24 hours).

The Seller: Shangrao Desheng Industry Co., Ltd.

Signature/seal: (Seal) /s/

Account opening bank: Jiangxi Shangrao Xuri Branch, China Construction Bank

Account No.: 36001351100052500920

Tax No.: 36112178970264X

The Buyer: Zhejiang Yuhui Solar Energy Source Co., Ltd.

Signature/seal: (Seal) /s/

Account opening bank: Jiashan County Branch, ICBC

Account No.: 1204070009242025955

Tax No.: 330421753019961

Contract No.

    Date    Product    Specification    Quantity/
KG		    Unit Price/ RMB   Total Amount (tax
included)		   Payment term    Delivery Term
YGC061127W    November 27,
2006		    Reclaimable
raw material		    /    360,000    About RMB
1500.00 (specific
price is subject
to further negotiations
between both
parties)		   RMB
540000000.00
(specific amount
changes with the
unit price)		   An advance
payment of RMB
50 million shall be
paid before
December 31,
2006. The balance
shall be paid upon
the term subject to
further negotiations
between both
parties.		    from January to
December 2007,
the Seller will
deliver 30000Kg
silicon materials
to the Buyer at
one time before
the end of each
month  (12
batches in total)
DSC0611100001    November 10,
2006		    Reclaimable
raw material		    cleaning free    1010    1521   1536210   before November 10,
2006		    November 15,
2006
DSC0611150002    November 15,
2006		    IC grade
cleaning free		    <5 mm    425    1544.40   4976010.00   before December 2,
2006		    December 5,
2006
      silicon
materials		    >5 mm    2600    1661.40       
DSC0611150003    November 15,
2006		    monocrystalline
scrap		    /    250    660.00   1199295.81   before November 17,
2006		    November 20,
2006
      scrap ingot    /    21    2464.40       
      pot scrap    /    29    2037.99       
      pot scrap    /    15    1244.4       
      pot scrap    /    10    1366.40       
      pot scrap    /    79    1834.63       
      chip    /    564    1049.20       
      pot scrap    /    71    2175.03       
DSC0611150004    November 15,
2006		    monocrystalline
ingot		    P type    412    1781.20   6467419   before November 17,
2006		    November 20,
2006
      scrap ingot    /    3.8    1854.4       
      patterned

wafer

    /    747    1342       
      chip    thick    291.8    1295       
      chip    thick    2122    1220       
      scrap wafer    >0.5OHM.CM    1206    1457.15               

Contract No.

    Date    Product    Specification    Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC0611160005    November 16,
2006		    silicon scrap    /    5750    1212.00    6969000.00    before November 20,
2006		    November 18,
2006
DSC0611200006    November 20,
2006		    silicon scrap    /    4569.88    1377.80    6296380.66    before November 23,
2006		    November 21,
2006
DSC0611280007    November 28,
2006		    reclaimable
raw material		    small    1245    1404    5961150.00    before November 29,
2006		    November 30,
2006
      reclaimable
raw material		    big    1521    1521         
DSC0612040008    December 4,
2006		    reclaimable
raw material		    small    3460    1404    6895980.00    before December 5,
2006		    December 5,
2006
      reclaimable
raw material		    big    1340    1521         
DSC0612060009    December 6,
2006		    silicon scrap    /    1315.2    1608    4930977.60    before December 7,
2006		    December 7,
2006
      scrap wafer    /    1473.8    720         
      reclaimable
raw material		    small    1120    1404         
      reclaimable
raw material		    big    120    1521         
DSC0612120010    December 12,
2006		    reclaimable
raw material		    small    3320    1404    6425002.80    before December 13,
2006		    December 13,
2006
      reclaimable
raw material		    big    1130    1521         
      scrap wafer    /    62.40    720         
DSC0612140011    December 14,
2006		    crystal ingot    /    197.6    2363.40    467007.84    before December 15,
2006		    December 15,
2006
DSC0612160012    December 16,
2006		    multicrystalline
scrap		    cleaning
free		    550    1989.00    1093950.00    before December 18,
2006		    December 18,
2006
DSC0612180013    December 18,
2006		    multicrystalline
scrap		    cleaning
free		    1000    1965.60    1965600.00    before December 18,
2006		    December 31,
2006
DSC0612180014    December 18,
2006		    reclaimable
raw material		    cleaning
free		    4000    1521.00    6417616.80    before December 18,
2006		    December 19,
2006
      reclaimable
raw material		    /    44.4    1397.00         
      tops & tails    /    164.6    1650.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC0612210015    December 21,
2006		    scrap wafer    /   70    1638.00    6433586.64    before December 21,
2006		    December 21,
2006
      reclaimable
raw material		    cleaning free   940    1638.00         
      reclaimable
raw material		    cleaning free
(small)		   790    1521.00         
      silicon scrap    /   2399.9    1497.60         
DSC0612250016    December 25,
2006		    semiconductor-
grade ingots		    tops and tails
included		   1048    1829.88    1917714.24    before December 26,
2006		    December 26,
2006
DSC0612280017    December 28,
2006		    reclaimable
raw material		    big   685    1638    10304883    before December 29,
2006		    December 29,
2006
      reclaimable
raw material		    small   2175    1521         
      bare scrap    /   3303.8    1567.8         
      scrap wafer    /   495    1404         
DSC0612280018    December 28,
2006		    pot scrap    electrical
resistivity
>6W.cm, about
10W.cm		   500    1205.10    855738    before December 29,
2006		    December 31,
2006
      6”-8” wafer,
bare wafer

and FZ scrap
silicon

    /   100    1708.2         
      Zonemelting
ingot, N type		    /   44    1872         
DSC071100001 Subcontract of contract numbered YGC061127W    January 10,
2007		    cleaning free
reclaimable
raw material		    as agreed by
both parties		   467.70    2375.10    1110834.27    before January 11,
2007		    January 11, 2007

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC071100002 Subcontract of contract numbered YGC061127W    January 10,
2007		    cleaning free
reclaimable
raw material		    as agreed by
both parties		   2795    1521    4604717.00    before January 11,
2007		    January 11, 2007
      scrap wafer    /   205    1638         
      bare scrap    /   11.31    1567.8         
DSC071100003 Subcontract of contract numbered YGC061127W    January 11,
2007		    pot scrap    Including 20%
quartz		   207    1111.50    230080.50    before January 11,
2007		    January 11, 2007
DSC071170004 Subcontract of contract numbered YGC061127W    January 17,
2007		    bare scrap    /   2500    1462.50    5490669.60    before January 18,
2007		    January 18, 2007
      ingot    /   107.6    1521.00         
      scrap wafer    Cleaning free   1020    1638.00         
DSC0701220005 Subcontract of contract numbered YGC061127W    January 22,
2007		    ingot    /   1344.67    2370.92    3177115.45    before January 22,
2007		    January 22, 2007
DSC0701230006 Subcontract of contract numbered YGC061127W    January 23,
2007		    ingot    /   724.7    2223.00    1611008.10    before January 23,
2007		    January 23, 2007

DSC0701230007

Subcontract of contract numbered YGC061127W

    January 23,
2007		    cleaning free
reclaimable
raw material		    small   1225    1521.00    3337425.00    before January 24,
2007		    January 24, 2007
      scrap wafer    /   900    1636.00         
DSC0701270008 Subcontract of contract numbered YGC061127W    January 27,
2007		    cleaning free
reclaimable
raw material		    small   1415    1521.00    3200535.00    before January 27,
2007		    January 27, 2007
      scrap wafer    cleaning free   640    1638.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		   Payment term    Delivery Term
DSC0702060009 Subcontract of contract numbered YGC061127W    February 9,
2007
    bare scrap    /   3208.7    1246.05    6855268.10   before February 7,
2007		    February 7, 2007
      bare scrap    /   758    1567.80        
      bare scrap    /   146.5    1427.40        
      wafer    polished wafer   490.31    1638.00        
      wafer    coated wafer   431.58    1521.00        
DSC07021200010 Subcontract of contract numbered YGC061127W    February 10,
2007		    scrap wafer    /   300    1638.00    5868720.00   before February 14,
2007		    February 13,
2007
      bare scrap    /   400    1696.50        
      cleaning free
chip		    /   1000    1521.00        
      monocrystalline
cell		    /   400    1556.10        
      bare scrap    15% heavy
doping		   1560    1638.00        
DSC07022500011 Subcontract of contract numbered YGC061127W    February 25,
2007		    scrap wafer    5% heavy
doping		   5622    1567.80    8814171.60
(RMB638820.00
shall be deducted
from last payment,
the payable amout
shall be
RMB8175351.60 )		   before February 26,
2007		    February 26,
2007
DSC07031100011 Subcontract of contract numbered YGC061127W    March 11,
2007		    cleaning free
reclaimable raw
material		    scrap wafer   450    1638.00    5357758.78   before March 12,
2007		    March 12, 2007
      polished wafer    2% heavy
doping		   253.6    1579.50        
      coated wafer    10% heavy
doping		   105.76    1287.00        
      wafer    polished wafer   129.5    1638.00        
      scrap wafer    80% wafer   183.51    1462.50        
      laser wafer    15% heavy
doping		   1769    1152.45        
      polished wafer    25% heavy
doping		   1060.5    1246.05        
      wafer      160    1521.00        

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07031800012 Subcontract of contract numbered YGC061127W    March 18,
2007		    cleaning free
reclaimable

raw material

    chip   665    1521.00    3389560.20    before March 19,
2007		   
      cleaning free
reclaimable

raw material

    scrap wafer   150    1638.00         
      cleaning free
reclaimable

raw material

    monocrystalline
cell		   300    1521.00         
      8” wafer    /   492.9    1638.00         
      polished

wafer

    15% heavy
doping		   675    1287.00         
PSO70115    January 15,
2007		    bare scrap    5% heavy
doping		   2362    1556.10    3675508.20    before January 17,
2007		    January 15,
2007
DSC07032500014 Subcontract of contract numbered YGC061127W    March 25,
2007		    bare wafer    /   5997.3    1287.00    8477323.95    before March 26,
2007		    March 26,
2007
      wafer    polished wafer   420.65    1638.00         
      wafer    coated wafer   26.15    1521.00         
DSC07033100015 Subcontract of contract numbered YGC061127W    March 31,
2007		    cleaning free
reclaimable

raw material

    chip   720    1521.00    8663273.63    before April 1,
2007		    April 1,
2007
      cleaning free
reclaimable

raw material

    scrap wafer   600    1700.00         
      cleaning free
reclaimable

raw material

    monocrystalline
cell		   100    1556.10         
      polished wafer    /   4410    1246.05         
      monocrystalline
bare cell		    whole wafer   162.65    1462.50         
      monocrystalline
bare cell		    scrap wafer   451    1462.50         

Contract No.

    Date    Product    Specification    Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07040600016 Subcontract of contract numbered YGC061127W    April 6,
2007		    cleaning free
reclaimable
raw material		    chip    810    1521.00    3519815.00    before April 7,
2007		    April 7,
2007
      cleaning free
reclaimable
raw material		    scrap wafer    1300    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		    50    1556.10         
DSC07041200017 Subcontract of contract numbered YGC061127W    April 12,
2007		    cleaning free
reclaimable
raw material		    chip    450    1521.00    3088027.50    before April 13,
2007		    April 13,
2007
      cleaning free
reclaimable
raw material		    chip    60    1521.00         
      cleaning free
reclaimable
raw material		    scrap wafer    1200    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		    175    1556.10         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07041700018 Subcontract of contract numbered YGC061127W    April 17,
2007		    cleaning free
reclaimable
raw material		    chip   360    1521.00    6719510.95    before April 18,
2007		    April 18, 2007
      cleaning free
reclaimable
raw material		    chip (red pen)   1140    1521.00         
      cleaning free
reclaimable
raw material		    scrap wafer   800    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(red pen)		   750    1700.00         
      8” wafer    /   283.5    1638.00         
      4”, 5” wafer    /   198.95    1521.00         
      polished
wafer		    /   805    1287.00         
DSC07042200019 Subcontract of contract numbered YGC061127W    April 22,
2007		    cleaning free
reclaimable
raw material		    chip   240    1521.00    4056560.00    before April 23,
2007		    April 23, 2007
      cleaning free
reclaimable
raw material		    chip (red pen)   1710    1521.00         
      cleaning free
reclaimable
raw material		    scrap wafer   500    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(red pen)		   50    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   100    1556.10         
DSC07042500020 Subcontract of contract numbered YGC061127W    April 25,
2007		    cleaning free
reclaimable
raw material		    chip   450    1521.00    3696520.00    before April 26,
2007		    April 26, 2007
      cleaning free
reclaimable
raw material		    chip (red pen)   1170    1521.00         
      cleaning free
reclaimable
raw material		    scrap wafer   725    1700.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07050400021 Subcontract of contract numbered YGC061127W    May 4,
2007		    cleaning free
reclaimable
raw material		    chip   1290    1580.00    6607300.00    before May 5,
2007		    May 5, 2007
      cleaning free
reclaimable
raw material		    chip (red pen)   1770    1580.00         
      cleaning free
reclaimable
raw material		    scrap wafer   675    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(red pen)		   50    1700.00         
DSC07050700022 Subcontract of contract numbered YGC061127W    May 7,
2007		    cleaning free
reclaimable
raw material		    chip   1860    1580.00    7631850.00    before May 8,
2007		    May 8, 2007
      cleaning free
reclaimable
raw material		    chip
(multicyrstalline)		   1500    1500.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   500    1556.10         
      cleaning free
reclaimable
raw material		    scrap wafer   300    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   700    1650.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07051000023 Subcontract of contract numbered YGC061127W    May 10,
2007		    cleaning free
reclaimable
raw material		    chip   1860    1580.00    5017942.50    before May 11,
2007		    May 11, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   180    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   200    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   25    1650.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   275    1556.10         
      cleaning free
reclaimable
raw material		    mixed crystal
cell		   425    1350.00         
      8” polished
wafer		    /   219.4    1700.00         
      8” coated
wafer		    /   180    1521.00         
DSC07051300024 Subcontract of contract numbered YGC061127W    May 13,
2007		    cleaning free
reclaimable
raw material		    chip   2460    1580.00    4618050.00    before May 14,
2007		    May 14, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   90    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   150    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   125    1650.00         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   100    1350.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07052000025 Subcontract of contract numbered YGC061127W    May 20,
2007		    cleaning free
reclaimable
raw material		    chip   2220    1580.00    5525252.50    before May 21,
2007		    May 21, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   180    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   425    1750.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   250    1700.00         
      cleaning free
reclaimable
raw material		    monocrystaliine
cell		   25    1556.10         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   400    1350.00         
DSC07052300026 Subcontract of contract numbered YGC061127W    May 23,
2007		    cleaning free
reclaimable
raw material		    chip   1770    1558.00    6045977.52    before May 24,
2007		    May 24, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   90    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   400    1750.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   50    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   325    1556.10         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   800    1400.00         
      wafer    4”, 5” and 6”
wafer		   462.62    1521.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07052700027 Subcontract of contract numbered YGC061127W    May 27,
2007		    cleaning free
reclaimable
raw material		    chip   660    1580.00    5548482.00    before May 28,
2007		    May 28, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   210    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   675    1750.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   25    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   120    1556.10         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   1760    1400.00         
      wafer    12” wafer   186    1700.00         
DSC07060200028 Subcontract of contract numbered YGC061127W    June 2,
2007		    bare wafer    /   925    1060.00    7079416.00    before June 4,
2007		    June 4, 2007
      cleaning free
reclaimable
raw material		    chip   660    1580.00         
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   120    1500.00         
      cleaning free
reclaimable
raw material		    scrap wafer   1075    1750.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   175    1700.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   60    1556.10         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   1860    1400.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07062800033 Subcontract of contract numbered YGC061127W    June 28,
2007		    cleaning free
reclaimable
raw material		    chip   630    1630.00    5530800.00    before June 29,
2006		    June 29, 2006
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   90    1580.00         
      cleaning free
reclaimable
raw material		    scrap wafer   1500    1800.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   120    1750.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   240    1580.00         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   750    1430.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07070400034 Subcontract of contract numbered YGC061127W    July 4,
2007		    cleaning free
reclaimable
raw material		    chip   1020    1750.00    5403000.00    before July 5, 2007    July 5, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   90    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer   240    1900.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   1590    1700.00         
DSC07070600035 Subcontract of contract numbered YGC061127W    July 4,
2007		    cleaning free
reclaimable
raw material		    chip   420    1750.00    6651000.00    before July 9, 2007    July 9, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   30    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer   420    1900.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   60    1850.00         
      cleaning free
reclaimable
raw material		    polysilicon   1800    2300.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   480    1700.00         

Contract No.

    Date    Product    Specification   Quantity/
KG		    Unit Price/ RMB    Total Amount (tax
included)		    Payment term    Delivery Term
DSC07071000036 Subcontract of contract numbered YGC061127W    July 10,
2007		    cleaning free
reclaimable
raw material		    chip   90    1750.00    5403000.00    before July 11,
2007		    July 11, 2007
      cleaning free
reclaimable
raw material		    chip
(multicrystalline)		   60    1700.00         
      cleaning free
reclaimable
raw material		    scrap wafer   660    1900.00         
      cleaning free
reclaimable
raw material		    scrap wafer
(multicrystalline)		   150    1850.00         
      cleaning free
reclaimable
raw material		    monocrystalline
cell		   210    1700.00         
      cleaning free
reclaimable
raw material		    mixed
multicrystalline
cells		   2100    1550.00