Addendum No. 1 to the Technology License and Engineering Services Contract



 Exhibit 10.35 

CONFIDENTIAL TREATMENT 

REQUESTED PURSUANT TO RULE 406 

Addendum to Contract No.: DJG-HT20080615 

Addendum No.1 to the 

Technology License and Engineering Services Contract 

Between 

Chongqing Daqo New Energy Co., Ltd. (CDNE) 

Wanzhou Industrial Park 

404000 Wanzhou, Chongqing P.R. China 

and 
 Poly
Engineering S.r.l 
 Via Galileo Ferraris 13 

Monza / Milano Italy 

signed on
June 15th, 2008 

 

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 Contract No.: addendum to DJG-HT20080615 

Date of Signature: May 21, 2010 

WHEREAS 
 Chongqing Daqo New Energy
Co., Ltd. (“Customer” or “Daqo”) , a limited liability company incorporated under the laws of the People’s Republic of China with the registered address at Wanzhou Industrial Park, Wanzhou, Chongqing,
intends to erect a facility in the People’s Republic of China for the production of silicon polycrystal for use in the semiconductor and solar energy industry. 

Poly Engineering S.r.l. (“Contractor” or “PE”) , a company incorporated under the laws of Italy with the registered address at
Via Galileo Ferraris 13 Monza, Milano, has the know-how and experience for the erection of such facility for the production of silicon polycrystal for use in the semiconductor and solar energy industry. Thus, PE is in a position to provide SAILING
with the respective know-how for the erection and operation of such plant and is, furthermore, in a position to supervise the respective construction as well as the start-up of the production. 

Now, THEREFORE, the Parties agree as follows: 

The modification of chapter 4 of the original contract is agreed between the parties as follows: 

For part 2 of chapter 4.1:    payment for 2009: *** 

for part 3 of chapter 4.1:    payment for 2010: *** is reduced to *** 

for part 4 of chapter 4.1:    payment for 2011: *** is reduced to *** 

For Part 3: 
 100% of the payment for 2010
within the first three months of the year 2011 will be changed to 100% of the payment for 2010 within the first six months of the year 2011 

For Part 4 
 100% of the payment for 2011
within the first three months of the year 2012 will be changed to 100% of the payment for 2011 within the first six months of the year 2012 
 In
addition to “for part 3” and “for part 4” it is agreed between the parties that any income based on commercial invoices for service business for PE in China, will reduce in a 1:1 way the royalty fee for 2010 and respectively for
2011. Any service activity has to be announced to Daqo in advance. 
  

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	The Customer:	  		  	The Contractor:
			
	Chongqing Daqo New Energy Co., Ltd.	  		  	Poly Engineering S.r.I
					
	Address:	 	Wanzhou Industrial Park,	  		  	Address:	  	Via Galileo Ferraris
		 	Chongqing, P.R. China	  		  		  	13 Monza / Milano Italy
	Post Code:	 	404000	  		  	Post Code:	  	
	Telephone:	 	+86 23-64866666	  		  	Telephone:	  	+39 0473 244242
	Fax:	 	+86 23-64866688	  		  	Fax:	  	
			
	Authorized Signature:	  		  	Authorized Signature:
			
	 /s/    Yao Gongda
            
	  		  	 /s/    Mario Ragaini

	Yao Gongda	  		  	Mario Ragaini
			
		  		  	 /s/    Giovanni Marangoni

		  		  	Giovanni Marangoni
			
	Signing Date: May 21, 2010	  		  	Signing Date: May 21st, 2010

 Note: 

  

	*	Indicates where text has been omitted pursuant to a request for confidential treatment under Rule 406 of the Securities Act of 1933, as amended. The omitted
materials have been filed separately with the Securities and Exchange Commission. 

  

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