SALES
CONTRACT

     

    Contract
No. PEM090108

     

    
      
        
          	
                  Seller:

                	
                  Buyer:

                
	 	 
	
                  Perfectenergy
      (Shanghai) Co., Ltd.

                	
                  ABIDAS
      AG

                
	
                  479
      Youdong Road,

                	
                  Mielestr.2

                
	
                  Shanghai
      201100

                	
                  D-14542
      Werder

                


        

      

    

    China

    


    Export
Agent:

    G.M.G.
Corporation

    9/F,
Pacific City Koujimachi, 4-3-29,

    Koujimachi,
chiyoda-ku

    Tokyo,
102-0083

    Japan

    


     

    The
Seller agrees to sell and the Buyer agrees to buy the below stated
goods:

     

    
      
        	
                (1)Name
      of Commodity

              	
                (2)Quantity

              	
                (3)
      Unit Price

              	
                (4)
      Total Amount

              
	
                 

                Solar
      modules 170-180 Wp

                All
      class A modules (qualified

                performance,
      no damages)

                Mono:
      PEM- 160/X-72M

                Series

                Price
      item:

                CIF
      European International

                Port

                Country
      of origin:

                People’s
      Republic of China

                 

                 

              	
                 

                50
      MW in 2009

              	
                 

                2.55€/Wp

              	 
      
	
                Total
      amount

              	 
      	 
      	
                EUR:
      127,500,000

                (on
      the basis of the price 2.55)

              


      

    

    *Remark: In June 2009 the unit
price for the second half of 2009 will be fixed again on the basis of
the development of the general market prices for regular modules since
concluding this
contract.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (5)
Quality

    Each
container shall contain mono modules only. The modules shall be certified as to
IEC 61215 standard and to TUV Safety Class II. Junction box and cable must be
according to usual European standard and have a pertinent TUV certificate. The
serial number shall be printed on a label, attached to the module. All cells
within one container shall have the same technical size and color. Each carton
shall provide a barcode with at least the following information: serial number
of modules, performance, and production date. An additional barcode on each
module is preferred. Size and color of the aluminum frames within one
consignment shall be the same.

    


     

    (6)
Delivery schedule:

    
      
        	
                About

              	
                15
      Containers in 1st quarter

              
	 
      	
                100
      Containers in 2nd quarter

              
	 
      	
                200
      Containers in 3rd quarter

              
	 
      	
                185
      Containers in 4th quarter

              


      

    

    For every
consignment, the Seller’s import & export agency will issue the documents to
the Buyer.

    


    (7)
Packing

    All goods
will be packed according to international practice and standard in order to
prevent damage from dampness, rust, moisture, erosion and shock, and shall be
suitable for ocean transport, on deck/not on deck, multimodal and container
transport.

    All goods
use package with bar code label, printing information to avoid not careful
handling, all necessary warning information as to international standards, all
label information as attached to this contract, IEC 61215 and SC II Information
when certificates were issued.

    


     

    (8)
Terms of Payment

    Two
alternatives, to be decided by the Buyer, whereby alternative 8.1 is already
agreed for the first quarter:

    8.1 Prepayment of 20% for each complete
individual monthly consignments, one month in advance before the first shipment.
The prepayment for the January consignments has to be implemented immediately
after signing of the contract.

     

    Of the
balance, 70%
will be paid against the copy of Bill of Lading for each individual consignment.
The remaining 10% balance of the
payment will be paid on a pro rata basis for each individual consignment, at the
latest 5 working days before the
consignment is scheduled to arrive in Hamburg. The original Bill of Lading
documents for the consignment will be sent to the buyer right after the seller
received the total amount for the consignment.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    8.2 Quarterly prepayments of
10% for each
individual quarter to be effected always one month before the first shipment for
the respective quarter.

     

    Of the
balance, 70% of
the price of each individual consignment will be paid on a pro rata basis within
5 working days after receiving the copy of Bill of Lading documents for the
consignment.

     

    The
remaining 20%
balance of the payment for each individual consignment will be paid on a pro
rata basis, at the latest 5 working days before the consignment is scheduled to
arrive in Hamburg.

     

    The
original Bill of Lading documents for the consignment will be sent to the buyer
right after the seller received the total amount for the
consignment.

     

    (9)
Port of Loading

    SHANGHAI

    


    (10)
Port of Destination

    European
International Port

    


    (11)
Insurance

    By
Seller

    


    (12)
Freight

    Delivery
terms: CIF European International Port

    


    (13)
Documents

    Every
Consignment shall be accompanied by:

    
      	
              -

            	
              Invoice
      (2) in original and signed

            


    

    
      	
              -

            	
              Packing
      list (2) in original and signed

            


    

    
      	
              -

            	
              Flash
      test results in Excel form

            


    

    
      	
              -

            	
              Bill
      of Lading (2) in original and
signed

            


    

     

    (14)
Language

    If there
are contract versions in different languages, the English version shall be
decisive.

    Correspondence
shall be in English, too.

     

    (15)
Arbitration

    All
disputes arising from the execution of, or in connection with this contract,
shall be settled amicably through friendly negotiation. In case no settlement
can be reached through negotiation, the case shall then be submitted for final
decision to the Hongkong International Economic and Trade Arbitration Commission
for Arbitration in accordance with the rules of the China International Economic
and Trade Arbitration Commission.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

     

    (16)
General Conditions

    Insofar
as regulations within this contract do not differ, Perfectenergy GmbH’s General
Conditions (Allgemeine Geschäftsbedingungen (AGB)) apply also for contracts with
Perfectenergy International Ltd., Buyer has received a copy of
these.

     

     

    Date:
2008-01-08

     

     

    
      
        	
                Buyer

              	
                Seller

              
	
                For:
      ABIDAS AG

              	
                For:
      Perfectenergy (Shanghai) Co.,
Ltd.

              


      

    

    


     

    Export
Agent:

    For:
G.M.G. Corporation

     

    


    
      
         

      

      
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