Exhibit 10.06
[CONFIDENTIAL TREATMENT REQUESTED.
CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY
WITH THE COMMISSION.]
[ENGLISH TRANSLATION]
Amendment No. 2 to Framework
Agreement MD-2-321
dated 05th April, 2006
Amendment to the Framework Agreement (the “Amendment”)
entered into by and between
First Solar GmbH, Rheinstrasse 4N, 55116 Mainz (hereinafter referred to as
“Company”), represented by the managing director with single signature
authority, Mr. Stephan Hansen, (hereinafter referred to as “Company”)
and
Gehrlicher Umweltschonende Energiesysteme GmbH, Feldkirchener Str. 2, D-85540
Haar (hereinafter referred to as “Buyer”) represented by the managing director
with single signature authority Mr. Klaus Gehrlicher.

1.   Recitals   1.1   Company and Buyer entered into a Framework Agreement dated
April 5, 2006 (the “Agreement”).   1.2   Company and Buyer desire to modify and
amend the “Agreement” in No. 2.1, to reflect a particular aspect in the Price
/Volume Table.   2.   Agreement   2.1.   Effective as of the date hereof, the
amended and changed Price/Volume Table as outlined in the Appendix shall apply.
  2.2   Company and Buyer hereby expressively consent to the changes and
amendments to the Price/Volume Table.

 

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        2.3   This “Amendment” is intended to modify and amend the “Agreement.”
Except as modified herein, the “Agreement” remains in full force and effect in
its original form. In the event of any conflict between the “Agreement” and this
“Amendment”, this “Amendment” shall control.   2.4   Defined terms for
particular meanings not otherwise defined in this Amendment shall have the
meanings ascribed to them in the “Agreement.”

     
/s/ Stephan Hansen
 
First Solar GmbH
   
Stephan Hansen
   
 
   
/s/ Klaus Gehrlicher
 
Gehrlicher Umweltschonende
   
Energiesysteme GmbH
   
Klaus Gehrlicher
   
 
   
Appendix
   
 
   
Price/Volume Table (Appendix C)
   

 

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Appendix C
 
Price/Volume Table
 
Quarterly Periods and Schedule Milestones

          Quarter   Definition
Quarter 1
  Calendar Week 1 through Week 13
Quarter 2
  Calendar Week 14 through Week 26
Quarter 3
  Calendar Week 27 through Week 39
Quarter 4
  Calendar Week 40 through Week 52

      Milestone   Time Schedule
Initial binding Quarterly Forecast For Four (4) Quarters
  FS and Buyer to agree by 1-April-2006
Plus non-binding Fifth (5th) Quarter Target
   
 
   
Rolling binding Four (4) Quarter Forecast Plus a non-binding Fifth
  FS and Buyer to agree 5 calendar days
(5th) Quarter Target
  before the start of the next successive First (1st)  
If the Parties do not agree otherwise the non-binding Fifth
  Quarter of the binding Four (4) Quarter Forecast.
(5th) Quarter Target shall become the new binding Fourth (4th) Quarter
   
 
   
 
   
 
   
If the Parties do not agree otherwise the new non-binding
  FS and Buyer to agree 5 calendar days
Fifth (5th) Quarter Target shall be determined based
  before the start of the next successive First (1st)
on the equitable discretion of FS. Such equitable discretion shall be
  Quarter of the binding Four (4)Quarter Forecast.
based on the new binding Fourth (4th) Quarter Forecast
  FS and Buyer to agree by December 1
multiplied by a Quarterly Volume Adjustment Factor (x), such factor
  of each annual period on the
(x) being within the range set forth below by defining a value in between a
minimum x-value (xmin)and a maximum x-value (xmax) and considering the total
amount of the Target Kilowatt Volume per calendar year as defined below.
  Quarterly Volume Adjustment Factor (x) for the next annual period.  
Additional Annual Volume Agreement
  FS and Buyer to agree on 2006
 
  Additional Annual Volume upon
 
  execution of the Framework Agreement
 
  and by December 1 of each successive
 
  annual period for the next annual
 
  period.
 
   
Notice period prior to Delivery for Carriage as defined in Section
  For volume £ [***] weeks
4 for Annual Additional Volume.
  For volume > [***] weeks

 

***   CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED
AND FILED SEPARATELY WITH THE COMMISSION.

 

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Appendix C
 
Price/Volume Table
 

                              Total Annual Amounts Price / Volume Table C2  
2007   2008   2009   2010   2011   2012  
Module Price per Watt (€)
  [***]   [***]   [***]   [***]   [***]   [***]  
Target Kilowatt Volume (kW)
  [***]   [***]   [***]   [***]   [***]   [***]
Target Average Module Power (W)
  [***]   [***]   [***]   [***]   [***]   [***]  
Minimum Kilowatt Volume (kW)
  [***]   [***]   [***]   [***]   [***]   [***]
Minimum Average Module Power (W)
  [***]   [***]   [***]   [***]   [***]   [***]
Additional Annual Volume (kW)
  [***]   [***]   [***]   [***]   [***]   [***]  
Bank Guarantee (Letter of Credit)(M€)
  [***]   [***]   [***]   [***]   [***]   [***]

 

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Appendix C
 
Price/Volume Table
 

                              Payment Terms   2006   2007   2008   2009   2010  
2011   2012  
Payment Terms (Net days from date of FS invoice) as set forth in Section 7.
  [***]   [***]   [***]   [***]   [***]   [***]   [***]

                              Fifth Quarter Forecast   2006   2007   2008   2009
  2010   2011   2012  
Quarterly Volume Adjustment Factor (xmin < x < xmax)
      [***]   [***]   [***]   [***]   [***]   [***]

 

***   CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED
AND FILED SEPARATELY WITH THE COMMISSION.