Exhibit
4.29

     

    

    


    CONTRACT

     

    Between

     

    BP Solar International
Inc.

     

    and

    


    Renesola Singapore Pte.,
Ltd.

     

    for

    


    Supply of
Solar Wafers.


    
      
         


      

      
        1

        
          

        

      

      
         


      

    

    


    Contract
No.:BPRS-WF-2009-01


    
      
         


      

      
        2

        
          

        

      

      
         


      

    

    


    Index of Contract
Documents

     

    
      
        
          
            
              	
                      No.

                    	 
      	
                      Description

                    	 
      
	 
      	 
      	 
      	 
      
	
                      Section
      1

                    	 
      	
                      Agreement

                    	
                      5

                    
	 
      	 
      	 
      	 
      
	
                      Section
      2

                    	 
      	
                      General
      Terms and Conditions

                    	
                      11

                    
	 
      	 
      	 
      	 
      
	
                      Section
      3

                    	 
      	
                      Attachments:

                    	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                      Attachment-A,
      Commodity, Quantity, Price, & Schedule

                    	
                      18

                    
	 
      	 
      	
                      Attachment-B,
      Specifications

                    	
                      20

                    
	 
      	 
      	
                      Attachment-C,
      BP Associates

                    	
                      23

                    
	 
      	 
      	
                      Attachment-D,
      Renesola Associates

                    	
                      24


                    


            

          

        

      

    


    
      
         


      

      
        3

        
          

        

      

      
         


      

    

     

    SECTION
1

     

    AGREEMENT

     

    Table
of Contents

     

    
      
        
          	
                  

                    Article
      No.

                  

                	 
      	
                  

                    Description

                  

                	 
      
	 
      	 
      	 
      	 
      
	
                  1.

                	 
      	
                  CONTRACT
      TERM

                	
                  5

                
	 
      	 
      	 
      	 
      
	
                  2.

                	 
      	
                  NAME
      OF COMMODITY

                	
                  5

                
	 
      	 
      	 
      	 
      
	
                  3.

                	 
      	
                  QUANTITY

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  4.

                	 
      	
                  PRICE

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  5.

                	 
      	
                  SHIPPING
      TERMS

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  6.

                	 
      	
                  SHIPPING
      SHCEDULE

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  7.

                	 
      	
                  PAYMENT
      TERMS

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  8.

                	 
      	
                  QUALITY
      & WARRANTY

                	
                  6

                
	 
      	 
      	 
      	 
      
	
                  9.

                	 
      	
                  INSPECTION

                	
                  7

                
	 
      	 
      	 
      	 
      
	
                  10.

                	 
      	
                  DEFECTS,
      DAMAGE & DISCREPANCY

                	
                  7

                
	 
      	 
      	 
      	 
      
	
                  11.

                	 
      	
                  LATE
      DELIVERY

                	
                  8

                
	 
      	 
      	 
      	 
      
	
                  12.

                	 
      	
                  NOTICES

                	
                  8

                
	 
      	 
      	 
      	 
      
	
                  13.

                	 
      	
                  GOVERNING
      LAW

                	
                  9

                
	 
      	 
      	 
      	 
      
	
                  14.

                	 
      	
                  ARBITRATION

                	
                  9

                
	 
      	 
      	 
      	 
      
	
                  15.

                	 
      	
                  ENTIRE
      CONTRACT

                	
                  9

                


        


        
          
             


          

          
            4

            
              

            

          

          
             


          

        

      

    

     

    SECTION
1

     

    AGREEMENT

    


    This
Agreement (together with the documents attached hereto, hereinafter referred to
as the "Contract") is made by and between:

    


    BP Solar
International Inc. with an office at 90 New Montgomery, Suite
1500, San Francisco, CA 94105 USA (hereinafter referred to as “Party A” or “BP Solar”), and

    


    Renesola
Singapore Pte., Ltd., whose registered office is at 48 Toh Guan RD. East,#02-103
Enterprise Hub, Singapore 609964 (hereinafter referred to as “Party B” or “RENESOLA”).

    


    Party A and Party B may sometimes
individually be referred to as the “Party”, or may collectively be referred to
as the "Parties".

     

    Each Party may also be referred to
as “Buyer” or "Seller" based on different contexts:

     

    
      	
              a)

            	
              In
      the supply of silicon
      materials, Party
      A will be referred to as “Seller”; while Party B will be referred
      to as “Buyer”.

            


    

    
      
        	 	 
	
                b)

              	
                In
      the supply of solar
      wafers, Party
      B will be referred to as “Seller”; while Party A will be referred
      to as “Buyer”.

              


      

    

    


    WHEREAS, Party A desires to
supply to Party B
certain silicon
materials for
tolling into solar wafers, and

    


    WHEREAS, Party B desires to
supply to Party A
certain solar
wafers under the terms and conditions set forth herein.

    


    NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein, the Parties
hereto agree as follows:

    


    
      	
              1.

            	
              CONTRACT
      TERM:

            


    

    


    This
Contract shall come into force on the date of Jan., 1st, 2009, and shall
remain in full force and effect until Dec., 31st, 2009.

    


    
      	
              2.

            	
              NAME
      OF COMMODITY:

            


    

    


    The
description of the materials (sometimes may be referred
to as “Goods” or “Products”) supplied under this Contract shall be
defined in Attachment-A.


    
      
         


      

      
        5

        
          

        

      

      
         


      

    

    


    
      	
              3.

            	
              QUANTITY

            


    

    


    The
quantity of Goods supplied under this Contract is set in Attachment-A.

    


    
      	
              4.

            	
              PRICE:

            


    

    


    The
prices for the Goods supplied under this Contract are specified in Attachment-A.

    


    
      	
              5.

            	
              SHIPPING
      TERMS:

            


    

    


    
      	
               
      

            	
              5.1

            	
              The
      Goods supplied under this Contract shall be shipped under the shipping
      terms as stipulated in Attachment-A.

            


    

    


    
      	
               
      

            	
              5.2

            	
              The
      interpretation of the shipping terms selected shall be subject to
      Incoterms 2000.

            


    

    


    
      	
              6.

            	
              SHIPPING
      SCHEDULE:

            


    

    


    Unless
otherwise instructed by Buyer, Seller shall prepare delivery
in accordance with the Shipping Schedule as set in Attachment-A.

    


    
      	
              7.

            	
              PAYMENT
      TERMS:

            


    

    


    
      	
               
      

            	
              7.1

            	
              Payment
      shall be made via T/T within thirty (30)
      calendar days against each shipment after receiving the
      relevant commercial invoice, packing list and the shipping document (such
      as Air Waybill or B/L).
      This payment term is applicable for both
  Parties.

            


    

    


    
      	
               
      

            	
              7.2

            	
              The
      relevant invoice shall indicate the quantity delivered, unit price, total
      amount, Purchase Order (PO) number, and other information as reasonably
      required by Buyer.

            


    

    


    
      	
               
      

            	
              7.3

            	
              If
      Buyer disputes any invoice, in whole or in part, Buyer shall promptly
      notify Seller of the dispute and shall pay only the undisputed portion.
      Buyer and Seller shall endeavor to settle and adjust any disputed amount
      timely.

            


    

    


    
      	
              8.

            	
              QUALITY
      & WARRANTY:

            


    

    


    
      	
               
      

            	
              8.1

            	
              Seller warrants that the
      Goods supplied hereunder shall be of the quality set out in, conform to
      and perform in accordance with the specifications
      stipulated in Attachment-B or such
      other specifications as agreed in writing by the
  Parties.

            


    

    


    
      	
               
      

            	
              8.2

            	
              Any
      deviation from or modification to the specifications shall be subject to
      the prior written approval of both
Parties.

            


    


    
      
         


      

      
        6

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              8.3

            	
              Seller warrants that the
      Goods supplied hereunder shall be free and clear of all claims and
      encumbrances and shall be produced and delivered in compliance with the
      terms and conditions of this Contract and any applicable
    laws.

            


    

    


    
      	
               
      

            	
              8.4

            	
              Seller
      shall also provide the specific warranty and
      certificates (if any), as stipulated in Attachment-B.

            


    

    


    
      	
               
      

            	
              8.5

            	
              Seller shall maintain a
      true, correct, and complete set of records pertaining to its performance
      of this Contract and all transactions related thereto to ensure reliable
      traceability for its Products supplied to Buyer. Seller further agrees to
      retain all such records for a period of at least two years after
      termination of the Contract. Buyer may audit any and
      all such records at any reasonable time
during.

            


    

    


    
      	
               
      

            	
              8.6

            	
              Seller shall develop and
      maintain appropriate quality management systems and procedures to ensure
      strict quality control and quality assurance throughout the whole
      production process. 

            


    

    


    
      	
               
      

            	
              8.7

            	
              Both Parties shall
      co-operate fully with each other in achieving the highest quality
      standard, and to ensure continuous improvement of
  quality.

            


    

    


    
      	
              9.

            	
              INSPECTION:

            


    

    


    
      	
               
      

            	
              9.1

            	
              Seller shall conduct
      pre-delivery inspection to ensure that the quality, specifications,
      quantity, packaging and requirements for safety are in compliance with the
      stipulations of the Contract and each
PO.

            


    

    


    
      	
               
      

            	
              9.2

            	
              Buyer shall have the
      right to conduct inspection of the Goods in Sellers facilities. Seller shall afford
      Buyer’s representative every facility for such purposes, including access
      to Seller’s facility at all reasonable times for
  audits.

            


    

    


    
      	
               
      

            	
              9.3

            	
              Buyer shall conduct a
      preliminary inspection within seven (7)
      working
      days after the arrival of the Goods at the
    destination.

            


    

    


    
      	
              10.

            	
              DEFECTS,
      DAMAGE & DISCREPANCY:

            


    

    


    
      	
               
      

            	
              10.1

            	
              Notice
      of Defects:

            


    

    


    
      	
               
      

            	
              a)

            	
              Goods
      will be considered “defective” if it fails to conform to the specifications as
      detailed in Attachment-B.

            


    

    


    
      	
               
      

            	
              b)

            	
              In
      cases of apparent
      defects, Buyer shall use reasonable efforts to report in writing to
      Seller within thirty
      (30) days from the
      arrival date.

            


    


    
      
         


      

      
        7

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              c)

            	
              In
      cases of hidden
      (concealed) defects, Buyer shall use reasonable effort to report in
      writing to Seller within ninety
      (90) days from the arrival
date.

            


    

    


    
      	
               
      

            	
              10.2

            	
              Remedy
      of Defects:

            


    

    


    
      	
               
      

            	
              a)

            	
              In
      case any defects (either visible or concealed) to be found owing to
      Seller’s fault, the Buyer shall have the right to reject the Goods, or to
      require Seller to repair or replace the Goods at Seller's expense,
      provided that claim is filed within the valid period as specified in this
      Contract.

            


    

    


    
      	
               
      

            	
              b)

            	
              If
      Buyer opts to reject the defective Goods, Buyer shall return the Goods to
      Seller, and Seller shall immediately reimburse Buyer for the cost of
      return and the price paid by Buyer for the rejected
  Goods.

            


    

    


    
      	
               
      

            	
              10.3

            	
              Claims
      for Damage/Loss:

            


    

    


    Claims
for damage/loss during transportation shall be handled in accordance with the
applicable Shipping Terms.

    


    
      	
               
      

            	
              10.4

            	
              Surplus/Shortage:

            


    

    


    If
discrepancy in quantity (surplus/shortage) is found on receipt, Buyer shall use
reasonable effort to report in writing to Seller within fourteen
(14) working days
of arrival.

    


    
      	
              11.

            	
              LATE
      DELIVERY:

            


    

    


    
      	
               
      

            	
              11.1

            	
              Seller
      shall ensure that Goods will be delivered timely in accordance with the
      agreed shipping schedule.

            


    

    


    
      	
               
      

            	
              11.2

            	
              If
      Seller materially delays or becomes aware of the likelihood of a material
      delay in delivery, Seller shall promptly notify Buyer in writing and
      provide Buyer with full particulars of the
  circumstances.

            


    

    


    
      	
               
      

            	
              11.3

            	
              Buyer
      shall, at its sole discretion, advise Seller whether to cancel the
      relevant Purchase Order or extend the timing for
  delivery.

            


    

    


    
      	
              12.

            	
              NOTICES

            


    

    


    
      	
               
      

            	
              12.1

            	
              Any
      notice and communication to a Party required or permitted by this Contract
      shall be given in writing by mail, facsimile or
  e-mail.

            


    


    
      
         


      

      
        8

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              12.2

            	
              Mail
      shall be addressed to a Party at its addresses set forth in the first page
      of this Contract or as amended as provided herein and shall be deemed to
      have been received 7 days after its
posting.

            


    

    


    
      	
               
      

            	
              12.3

            	
              Facsimiles
      or e-mail shall be deemed to have been received at the time of its
      successful transmission.

            


    

    


    
      	
               
      

            	
              12.4

            	
              Either
      Party may at any time change its address for notice or communication by
      giving a written notice to the other
Party.

            


    

    


    
      	
               
      

            	
              12.5

            	
              Notices
      associated with each Purchase Order shall be sent to the BP Associate at
      the address to be specified by that BP Associate in the Purchase Order or
      otherwise in writing.

            


    

    


    
      	
              13.

            	
              GOVERNING
      LAW

            


    

    


    Regardless
of the place of contracting, place of performance or otherwise, this Contract
and all Purchase Orders thereto shall be governed by and construed in accordance
with the laws of the State of
New York, without regard to its conflict of laws rules.

    


    
      	
              14.

            	
              ARBITRATION

            


    

    


    Any
controversy or claim arising out of or relating to this Contract and all
Purchase Orders thereto, or the invalidity or breach thereof, which cannot be
settled amicably, shall be submitted to arbitration in accordance with the United Nations Commission on
International Trade Law (UNCITRAL) Arbitration Rules.

    The
arbitration shall take place in New York.

    The
decision of the arbitrator(s) shall be final and binding upon both
Parties.

    


    
      	
              15.

            	
              ENTIRE
      CONTRACT

            


    

    


    
      	
               
      

            	
              15.1

            	
              The
      above terms and conditions, together with the General Terms and
      Conditions, and other documents attached hereto, constitute the
      entire Contract between the
Parties.

            


    

    


    
      	
               
      

            	
              15.2

            	
              All
      previous understandings between the Parties either oral or written with
      regard to the subject matter of this Contract are hereby cancelled and are
      null and void.

            


    

    


    
      	
               
      

            	
              15.3

            	
              In
      the event of a conflict among the terms and conditions herein, the
      Attachments hereto, and a Purchase Order, the documents shall take
      precedence according to the descending order shown
  below:

            


    

    
      	
               
      

            	
              ·

            	
              The
      terms and conditions herein

            


    

    
      	
               
      

            	
              ·

            	
              The
      Attachments hereto

            


    

    
      	
               
      

            	
              ·

            	
              The
      Purchase Order

            


    


    
      
         


      

      
        9

        
          

        

      

      
         


      

    

    


    IN
WITNESS WHEREOF, the Parties
have caused this Contract to be duly executed, in two counterparts, as of the
day first written above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              BP Solar International Inc.

                                            	 
      	
                                              Renesola Singapore Pte.,
    Ltd.

                                            
	
                                              (Party
      A)

                                            	 
      	
                                              (Party
      B)

                                            
	 	 	 
	
                                              Signature: /s/

                                            	 
      	
                                              Signature: /s/ Xianshou Li

                                            
	 	 	 
	
                                              Name:

                                            	 
      	
                                              Name:

                                            
	 	 	 
	
                                              Title:      VP Global
      Operations

                                            	 
      	
                                              Title:   CEO

                                            
	
                                              Date: January 9, 2009

                                            	 
      	
                                              Date: January 19, 2009

                                            
	
                                              Second Level Approval

                                            	 
      	 
      
	 	 	 
	
                                              Signature:    /s/

                                            	 
      	 
      
	 	 	 
	
                                              Name:

                                            	 
      	 
      
	 	 	 
	
                                              Date:

                                            	 
      	
                                              Date:

                                            


                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    


    
      
         


      

      
        10

        
          

        

      

      
         


      

    


    SECTION
2

     

    GENERAL
TERMS AND CONDITIONS

     

    Table
of Contents

     

    
      
        
          	
                  Article No.

                	 
      	
                  Description

                	 
      
	 
      	 
      	 
      	 
      
	
                  1.

                	 
      	
                  DEFINITIONS

                	
                  12

                
	 
      	 
      	 
      	 
      
	
                  2.

                	 
      	
                  SCOPE
      OF APPLICATION

                	
                  12

                
	 
      	 
      	 
      	 
      
	
                  3.

                	 
      	
                  SAFETY

                	
                  12

                
	 
      	 
      	 
      	 
      
	
                  4.

                	 
      	
                  ETHICAL
      BEHAVIOR

                	
                  13

                
	 
      	 
      	 
      	 
      
	
                  5.

                	 
      	
                  AMENDMENT
      & TERMINATION

                	
                  13

                
	 
      	 
      	 
      	 
      
	
                  6.

                	 
      	
                  ASSIGNMENT

                	
                  14

                
	 
      	 
      	 
      	 
      
	
                  7.

                	 
      	
                  WAIVER

                	
                  14

                
	 
      	 
      	 
      	 
      
	
                  8.

                	 
      	
                  SEVERABILITY

                	
                  14

                
	 
      	 
      	 
      	 
      
	
                  9.

                	 
      	
                  FORCE
      MAJEURE

                	
                  14

                
	 
      	 
      	 
      	 
      
	
                  10.

                	 
      	
                  INDEMNITY

                	
                  15

                
	 
      	 
      	 
      	 
      
	
                  11.

                	 
      	
                  INTELLECTUAL
      PROPERTY

                	
                  15

                
	 
      	 
      	 
      	 
      
	
                  12.

                	 
      	
                  CONFIDENTIALITY

                	
                  15

                
	 
      	 
      	 
      	 
      
	
                  13.

                	 
      	
                  TITLE
      & RISK

                	
                  16

                
	 
      	 
      	 
      	 
      
	
                  14.

                	 
      	
                  TAXES
      & DUTIES

                	
                  16

                
	 
      	 
      	 
      	 
      
	
                  15.

                	 
      	
                  USE
      OF COMPANY LOGO

                	
                  16

                
	 
      	 
      	 
      	 
      
	
                  16.

                	 
      	
                  PURCHASING
      PROCESS

                	
                  17

                
	 
      	 
      	 
      	 
      
	
                  17.

                	 
      	
                  PACKING
      & MARKING

                	
                  17

                


        

      

    

     

    
      
         


      

      
        11

        
          

        

      

      
         


      

    

     

    SECTION
2

     

    GENERAL
TERMS AND CONDITIONS

    


    
      	
              1.

            	
              DEFINITIONS:

            


    

    


    
      	
               
      

            	
              1.1

            	
              “Purchase Order” means
      the purchase order (PO) either paper or electronic, with related
      attachments, issued by Buyer pursuant to this
  Contract.

            


    

    


    
      	
               
      

            	
              1.2

            	
              “BP Associates” means the
      companies listed in Attachment-C.

            


    

    


    
      	
               
      

            	
              1.3

            	
              “ReneSola Associates”
      means the companies listed in
Attachment-D.

            


    

    


    
      	
              2.

            	
              SCOPE
      OF APPLICATION:

            


    

    


    
      	
               
      

            	
              2.1

            	
              This
      Contract shall apply to the PO issued by a Party (or any of its Associates) for purchase of
      the Goods from Seller.

            


    

    


    
      	
               
      

            	
              2.2

            	
              Where
      such PO is issued by a Party (or by its Associates), the terms and
      conditions of this Contract shall be automatically applicable to the
      PO.

            


    

    


    
      	
               
      

            	
              2.3

            	
              When
      an Associate issues a PO, the reference in this Contract to “Buyer” shall
      mean the Associate for purposes of such PO. The Associate shall have the
      same rights and obligations of the Buyer with respect to any purchases
      that the Associate makes by issuing a
PO.

            


    

    


    
      	
               
      

            	
              2.4

            	
              The
      Associate shall not have the ability to terminate this Contract; however,
      it may terminate any of its PO, provided that the Buyer shall make up any
      cancelled orders within the next monthly
period.

            


    

    


    
      	
              3.

            	
              SAFETY

            


    

    


    
      3.1
For
the purposes of this Clause, “safety” shall mean all matters relating to health,
safety, security and environment; and all obligations of each Party shall include its
sub-contractors, suppliers and its and their employees, servants and
agents.

    

    


    
      3.2
Seller shall provide to Buyer
in writing such information as is necessary relating to the storage, use,
maintenance, and disposal of the Goods, and relating to any risk to health and
safety to which the inherent properties thereof may give rise and to any
conditions necessary to ensure that the Goods will be safe and without risk to
health and safety when they are being installed, used, cleaned, maintained,
handled, processed, stored, transported, dismantled or disposed
of.

    


    
      
         


      

      
        12

        
          

        

      

      
         


      

    

    


    
      3.3
Each Party shall comply with
all applicable laws, regulations, policies, standards, directives and codes
pertaining to Health, Safety, and Environment (HSE).

    

    


    
      3.4
Both Parties shall co-operate
fully with each other in achieving the highest possible standard of
HSE.

    

     

    
      	
              4.

            	
              ETHICAL
      BEHAVIOR

            


    

    


    
      	
               
      

            	
              4.1

            	
              The
      Seller is aware that the Buyer’s Business Policy prohibits the giving of
      any bribe or facilitation payment, and the Seller undertakes to comply
      with the Policy.

            


    

    


    
      	
               
      

            	
              4.2

            	
              The
      Seller shall not make or cause to be made any payment, gift of money or
      anything of value, directly or indirectly to any person to influence a
      decision in a manner that is inconsistent with the Policy of conducting
      business fairly and ethically.

            


    

    


    
      	
               
      

            	
              4.3

            	
              The
      Seller undertakes to notify Buyer immediately if it has knowledge of, or
      suspects, a breach of this Article.

            


    

    


    
      	
               
      

            	
              4.4

            	
              Party B undertakes and
      agrees to act consistently with the BP
      Code of Conduct (which may be obtained from the BP Solar’s
      Representative) in connection with performance of this
      Contract.

            


    

    


    
      	
              5.

            	
              AMENDMENT
      AND TERMINATION

            


    

    


    
      	
               
      

            	
              5.1

            	
              This
      Contract may be supplemented, amended, or modified only by the mutual
      agreement of the Parties.

            


    

    


    
      	
               
      

            	
              5.2

            	
              Either
      Party shall have the right to suspend or terminate this Contract by notice
      without any compensation to the other Party if the other Party breaches
      any material and substantive obligation under this Contract and such
      breach shall not have been remedied within 15
      days after the non-breaching Party has given notice of the breach
      to the breaching Party.

            


    

    


    
      	
               
      

            	
              5.3

            	
              In
      the event of the insolvency, dissolution , bankruptcy or cease of business
      for whatsoever reason of a Party, the other Party may without liability to
      the first Party arising there from immediately terminate this Contract and
      all then outstanding Purchase Orders by
notice.

            


    


    
      
         


      

      
        13

        
          

        

      

      
         


      

    


    
      	
              6.

            	
              ASSIGNMENT

            


    

    


    
      	
               
      

            	
              6.1

            	
              Seller
      may not sub-contract any part of this Contract or a Purchase Order without
      the prior written consent of Buyer.

            


    

    


    
      	
               
      

            	
              6.2

            	
              Seller
      shall remain responsible for the performance of this Contract or a
      Purchase Order by its sub-contractors notwithstanding the consent of Buyer
      to the subcontracting.

            


    

    


    
      	
               
      

            	
              6.3

            	
              Neither
      Party shall assign this Contract or a Purchase Order in whole or in part
      without the prior written consent of the other Party, except that each
      Party may assign such to it
Associate.

            


    

    


    
      	
              7.

            	
              WAIVER

            


    

    


    The
failure of either Party to require the performance of any terms of this Contract
or the waiver by either Party of any breach of any terms of this Contract shall
not prevent a subsequent enforcement of such terms, nor be deemed a waiver of
any subsequent breach.

    


    Any
waiver shall be in writing signed by the Party providing the
waiver.

    


    
      	
              8.

            	
              SEVERABILITY

            


    

    


    In case
any one or more of the provisions contained in the Contract shall for any reason
be held to be invalid, illegal or unenforceable in any respect, such invalidity,
illegality or unenforceability shall not affect any other provisions hereof and
this Contract shall be construed as if such invalid, illegal or unenforceable
provisions had not been contained herein.

    


    
      	
              9.

            	
              FORCE
      MAJEURE

            


    

    


    
      	
               
      

            	
              9.1

            	
              “Force
      Majeure” means any circumstances not foreseeable to and beyond the
      reasonable control of a Party, including but not limited to imposition of
      any new law, regulation or government policy, nationalization,
      expropriation, confiscation, riot, war, public disturbance, strikes,
      lockouts or any natural disaster such as fire, flood, earthquake and
      storm.

            


    

    


    
      	
               
      

            	
              9.2

            	
              Neither
      Party shall be liable for non-performance of its obligations under the
      Contract to the extent such non-performance is prevented by Force
      Majeure.

            


    

    


    
      	
               
      

            	
              9.3

            	
              The
      affected Party shall notify the other Party as soon as reasonably
      practicable after the occurrence of the Force Majeure event and shall use
      all reasonable efforts to mitigate the effects of the Force Majeure on it.
      The affected Party shall give prompt notice to the other Party when it is
      able to resume performance of its
obligations.

            


    


    
      
         


      

      
        14

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              9.4

            	
              If
      a Party is unable to perform an obligation under this Contract due to an
      event of Force Majeure for a period of six months or more, either Party
      may immediately terminate this Contract by notice to the other Party prior
      to the resumption of the performance of the obligation without any claims
      against the other Party arising from such
  termination.

            


    

    


    
      	
              10.

            	
              INDEMNITY

            


    

    


    
      	
               
      

            	
              10.1

            	
              Seller
      shall indemnify and hold Buyer harmless from and against all claims,
      liabilities, damages, losses, costs and expenses (including legal fees)
      pertaining to infringement or alleged infringement of any patent,
      registered design, trade mark, service-mark, copyright or other
      intellectual property rights which arise from the Goods supplied hereunder
      or any use or resale by Buyer of such
Goods.

            


    

    


    
      	
               
      

            	
              10.2

            	
              Each
      party (“the indemnitor”) shall indemnify and hold the other Party (“the
      indemnitee”) harmless from and against all liabilities for death, illness
      or injury to any personnel or for loss or damage to any property and
      against all claims and proceedings resulting there from to the extent that
      such loss, damage, death, illness or injury is attributable to the willful
      misconduct, negligence or breach of contract of the first mentioned Party,
      its employees or agents.

            


    

    


    
      	
              11.

            	
              INTELLECTUAL
      PROPERTY

            


    

    


    
      	
               
      

            	
              11.1

            	
              The
      intellectual property of the design, drawings, and other technical data
      provided by Buyer shall belong to
Buyer.

            


    

    


    
      	
               
      

            	
              11.2

            	
              If
      Seller and Buyer do any joint development work with respect to the Goods,
      Seller and Buyer shall jointly own any inventions, improvements or
      discoveries which they jointly
developed.

            


    

    


    
      	
               
      

            	
              11.3

            	
              Other
      than to the extent necessary for Buyer and its resellers, and its and
      their customers to use, sell and otherwise dispose of the Goods itself,
      Buyer hereby acknowledges that nothing herein contained shall be construed
      as granting or transferring any Seller’s Intellectual Property
      Rights.

            


    

    


    
      	
               
      

            	
              11.4

            	
              Except
      as otherwise expressly set forth herein, nothing contained herein shall be
      construed as granting or transferring any of Buyer’s Intellectual Property
      Rights to Seller, and no transfer or grant of such Intellectual Property
      Rights is to be implied.

            


    

    


    
      	
              12.

            	
              CONFIDENTIALITY

            


    

    


    
      	
               
      

            	
              12.1

            	
              All
      information obtained by a Party (the “Receiving Party”) from the other
      Party (the “Disclosing Party”) in connection with this Contract or the
      supply of Goods under this Contract shall be deemed to be confidential
      information and shall not be used by the Receiving Party except in the
      performance of this Contract and shall not be disclosed by it, its
      employees or agents to any third party without the prior written consent
      of the Disclosing Party.

            


    


    
      
         


      

      
        15

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              12.2

            	
              The
      obligations under this Clause shall continue
      five (5)
      years after the expiration or termination of this
      Contract.

            


    

    


    
      	
               
      

            	
              12.3

            	
              The
      provisions of this Clause shall not prevent
      any Party from disclosing the existence of the Contract or any relevant
      matter relating thereto or arising in consequence hereof to any
      Governmental or regulatory body in compliance with any legal obligation to
      which that Party may from time to time be
  subject.

            


    

    


    
      	
               
      

            	
              12.4

            	
              Upon
      the request of the Disclosing Party, all confidential information in the
      possession of the Receiving Party, including all copies and software
      containing it, shall be returned to the Disclosing Party or, as instructed
      by the Disclosing Party, be
destroyed.

            


    

    


    
      	
               
      

            	
              12.5

            	
              Notwithstanding
      the provisions in this Clause, each Party may at any time disclose the
      confidential information to it
Associates.

            


    

    


    
      	
               
      

            	
              12.6

            	
              Neither
      Party shall, without the prior written consent of the other Party, make
      any public or general announcement regarding the Contract or any Purchase
      Order whether orally or in writing.

            


    

    


    
      	
              13.

            	
              TITLE
      AND RISK

            


    

    


    Unless
otherwise mutually agreed in writing, title to the Goods and
risk of loss shall
be governed by and interpreted in accordance with the applicable trade term
(shipping term) as defined in INCOTERMS 2000.

     

    
      	
              14.

            	
              TAXES
      AND DUTIES

            


    

    


    Unless
otherwise stated in the Contract, the obligations and responsibilities for paying customs duties, tariffs,
import taxes, export taxes shall be governed by and interpreted in accordance
with the applicable trade term (shipping term) as defined in INCOTERMS
2000.

    


    
      	
              15.

            	
              USE
      OF TRADEMARK

            


    

    


    Each
Party shall not use the other party’s Logo or Trademark for any purpose without
prior specific permission from the owner of the Logo (or
Trademark).


    
      
         


      

      
        16

        
          

        

      

      
         


      

    


    
      	
              16.

            	
              PURCHASING
      PROCESS

            


    

    


    
      	
               
      

            	
              16.1

            	
              Buyer
      may provide regular Purchase Plan to Seller
      based on the actual demand and in accordance with the Shipping Schedule of
      this Contract. The Purchase Plan needs to be confirmed by
      Seller.

            


    

    


    
      	
               
      

            	
              16.2

            	
              Seller
      shall prepare delivery based on the confirmed Purchase
    Plan.

            


    

    


    
      	
               
      

            	
              16.3

            	
              Seller
      shall issue Notice of Delivery (in the format of Proforma Invoice) to
      Buyer before the scheduled shipping
date.

            


    

    


    
      	
               
      

            	
              16.4

            	
              After
      receipt of Seller’s Proforma Invoice, Buyer shall issue Purchase Orders
      (PO) to Seller.

            


    

    


    
      	
               
      

            	
              16.5

            	
              Such
      PO shall indicate the actual Quantity to be delivered, the Port Name of
      Shipping Destination, and the actual required Shipping
    Time.

            


    

    


    
      	
              17.

            	
              PACKING
      AND MARKING:

            


    

    


    
      	
               
      

            	
              17.1

            	
              Goods
      have to be packed in such a manner to prevent damage to the product during
      transportation.

            


    

    


    
      	
               
      

            	
              17.2

            	
              It
      is the Seller’s responsibility to ensure the adequacy of the packing
      used.

            


    

    


    
      	
               
      

            	
              17.3

            	
              All
      individual boxes should be clearly labeled in English
  with:

            


    

    
      	
               
      

            	
              a)

            	
              Description
      of the product;

            


    

    
      	
               
      

            	
              b)

            	
              PO
      number;

            


    

    
      	
               
      

            	
              c)

            	
              Supplier
      name;

            


    

    
      	
               
      

            	
              d)

            	
              Quantity
      in each box; and

            


    

    
      	
               
      

            	
              e)

            	
              Other
      data that may be required by Buyer.

            


    

     

    
      
         


      

      
        17

        
          

        

      

      
         


      

    


    ATTACHMENT-A

    


    COMMODITY,
QUANTITY, PRICE & SCHEDULE

    


    
      	
              1.

            	
              Materials Provided by
      BP Solar:

            


    

    


    During
the term of this agreement, BP Solar plans to supply the following materials to
RENESOLA in accordance to the following estimated schedule and at the price not
to exceed the following schedule.  RENESOLA agrees to make capacity
available to support the BP Solar forecast.

    


    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  Commodity

                                	 	
                                  Unit Price

                                  (not to
      exceed)

                                	 	
                                  Estimated

                                  Annual Forecast

                                	 	
                                  Estimated

                                  Shipping Schedule

                                
	
                                  Polysilicon

                                   

                                	 	
                                  US$[****]*/kg

                                	 	
                                  728
      tons / year

                                  (for
      2009)

                                   

                                	 	
                                  ·  
      Q1: 206
      MT

                                   

                                  ·  
      Q2: 183
      MT

                                   

                                  ·  
      Q3: 226
      MT

                                   

                                  ·  
      Q4: 113
      MT

                                


                        

                      

                    

                  

                

              

            

          

        

      

    

    


    BP Solar
shall have the right to reduce the above quantity at any time if RENESOLA fails
to fulfill its obligations under the Contract.

    


    BP Solar
shall have the right to increase, decrease, suspend or cancel the material
supply as forecasted above without penalty with 30 days prior written
notice.

    


    
      	
              2.

            	
              Wafers Supplied by
      RENESOLA:

            


    

    


    For the
polysilicon provided by BP Solar during the term of this agreement, Renesola
shall supply wafers to BP Solar at pricing not to exceed the following
schedule:

    


    a).
Primary Schedule:

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                Wafer
      Types

                              	 	
                                Multiplier
      Ratio

                              	 	
                                Unit
      Price (US$/pc)

                                (not
      to exceed)

                              	 
	
                                Mono125mmx125mm
      (180um)

                              	 	
                                1
      kg: 70 pcs

                              	 	 	
                                [****]*

                              	 
	
                                Multi156mmx156mm
      (180um)

                              	 	
                                1
      kg: 53 pcs

                              	 	 	
                                [****]*

                              	 


                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
          

        
* This portion
has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 406.

    


    
      
         


      

      
        18

        
          

        

      

      
         


      

    

    


    b).Optional
Schedule:

    
      
        
          
            
              
                
                  	
                          Wafer
      Types

                        	 	
                          Multiplier
      Ratio

                        	 	
                          Unit
      Price (US$/pc)

                          (not
      to exceed)

                        	 
	
                          Mono125mmx125mm
      (180um)

                        	 	
                          1
      kg:52 pcs

                        	 	 	
                          [****]*

                        	 
	
                          Mono125mmx125mm
      (200um)

                        	 	
                          1
      kg:52 pcs

                        	 	 	
                          [****]*

                        	 
	
                          Mono125mmx125mm
      (200um)

                        	 	
                          1
      kg:85 pcs

                        	 	 	
                          [****]*

                        	 
	
                          Multi156mmx156mm
      (180um)

                        	 	
                          1
      kg:33 pcs

                        	 	 	
                          [****]*

                        	 
	
                          Multi156mmx156mm
      (200um)

                        	 	
                          1
      kg:33 pcs

                        	 	 	
                          [****]*

                        	 
	
                          Multi156mmx156mm
      (200um)

                        	 	
                          1
      kg:70 pcs

                        	 	 	
                          [****]*

                        	 


                

              

            

          

        

      

    

    


    BP Solar
shall have the right to select the Wafer Types and Multiplier Ratios in its Quarterly Purchase
Forecast.  BP Solar reserves the right to change the Quarterly
Purchase Forecast without penalty with 30 days prior written
notice.

    


    The
actual quantity of each Wafer Type will be specified in each PO issued by BP
Solar.

    


    RENESOLA
shall use reasonable endeavors to ensure the most competitive wafer
prices.

    


    Both
parties agree to the prices described in primary schedule above for Q1
2009.

    


    The
Parties shall review and adjust pricing each quarter to ensure that the pricing
applied remains the most competitive in the following quarter. The price
adjustment shall be completed a week prior to the beginning of a new
quarter.

    


    
      	
              3.

            	
              Solar Wafers Lead
      Time:

            


    

    


    Unless
otherwise instructed, for the silicon materials provided by BP Solar according
to the schedule described in article 1 of this attachment-A, RENESOLA shall
supply the solar wafers to BP Solar in accordance with the following
schedule:

    
      	
               
      

            	
              a)

            	
              The 1st delivery shall be made
      within 2
      weeks from the date
      after receipt of silicon materials provided by BP
      Solar. 

            


    

    All
wafers deliveries shall be completed within 5 weeks from the date
after receipt of silicon materials provided by BP Solar.

      


    
      	
              4.

            	
              Shipping
      Term:

            


    

    


    Both
polysilicon and wafers will be shipped under EXW.

     

    
      
        
          

        
* This portion
has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 406.

      

        
          
             


          

          
            19

            
              

            

          

          
             


          

        



    

    ATTACHMENT-B

    


    SPECIFICATION

    


    
      	
               
      

            	
              1.

            	
              Silicon
      Material Specifications:

            


    

    


    


    
      
         


      

      
        20

        
          

        

      

      
         


      

    

    


    
      	
               
      

            	
              2.

            	
              Wafer
      Specifications:

            


    

    


    
      	
               
      

            	
              a)

            	
              Mono125
      Wafers Specifications:

            


    

    


    
      
        	
                Product

              	
                Monocrystalline
      Silicon Wafer

              
	
                Conductivity
      Type

              	
                P-type

              
	
                Dopant
      Species

              	
                Boron

              
	
                Base
      Area

              	
                125.0mm
      X 125.0mm ±0.5mm

              
	
                Diameter

              	
                150.0mm
      ±0.5 mm

              
	
                Thickness

              	
                180μm±20μm;
      200μm±20μm;

              
	
                TTV

              	
                ≤40μm
      

              
	
                Crystallinity

              	
                Crucible-Pulled(CZ)
      single with no dislocation

              
	
                Resistivity

              	
                0.5-3Ω·cm

              
	
                Orientation

              	
                (100)±1
      degree

              
	
                Carbon
      concentration

              	
                ≤
      5x1017at/cm3

              
	
                Oxygen
      concentration

              	
                ≤
      1x1018at/cm3

              
	
                Life
      time

              	
                >8μs

              
	
                Edge
      defect/ Chips

              	
                Not
      allowed

              
	
                Saw
      marks

              	
                Depth<15
      μm (No visible saw mark with naked eyes)

              
	
                Crack
      and Pin holes

              	
                No
      cracks and Pin holes should be visible with naked eyes.

              
	
                Wafer
      surface

              	
                As
      cut and cleaned. No stains visible with the naked eye

              
	
                Taper

              	
                ≤30
      μm

              
	
                Bow

              	
                ≤50μm

              


      

    

    


    BP Solar
and RENESOLA agree to review and amend the above wafer specifications prior to
the end of the first Quarter of 2009.


    
      
         


      

      
        21

        
          

        

      

      
         


      

    


    
      	
            	
              b)

            	
              Multi
      156 Wafers Specifications:

            


    

    


    
      
        	
                Product

              	
                Multicrystalline
      Silicon Wafer

              
	
                Conductivity
      Type

              	
                P-type

              
	
                Base
      Area

              	
                156.0mm
      X 156.0mm ±0.5mm

              
	
                Diameter

              	
                219.2mm
      ±0.5 mm

              
	
                Thickness

              	
                180μm±20μm;
      200μm±20μm;

              
	
                TTV

              	
                ≤30μm
      

              
	
                Resistivity

              	
                0.8-3Ω·cm

              
	
                Dopant
      Species

              	
                Boron

              
	
                Carbon
      concentration

              	
                ≤
      9*1017at/cm3

              
	
                Oxygen
      concentration

              	
                ≤
      8*1017at/cm3

              
	
                Life
      time

              	
                ≥2μs

              
	
                Wafer
      surface

              	
                As-cut
      and cleaned. No grease stains and pin holes

              
	
                Warping

              	
                ≤75μm(Thickness:
      180μm±20μm)

              
	
                ≤50μm(Thickness:
      200μm±20μm)

              
	
                Corner
      Angle

              	
                90
      ±0.5 degree

              
	
                Edge
      Chips

              	
                Length≤1.0mm,Depth<0.5mm

              
	
                Edge
      Cracks

              	
                Not
      allowed

              
	
                Saw
      marks

              	
                Depth≤20
      μm 

              
	
                Pin
      holes

              	
                No
      visible Pin holes with naked
eyes.

              


      

    

    


    BP Solar
and RENESOLA agree to review and amend the above wafer specifications prior to
the end of the First Quarter of 2009.


    
      
         


      

      
        22

        
          

        

      

      
         


      

    

    


    ATTACHMENT-C

    


    BP
Associates

    


    
      
        
          
            
              
                
                  	
                          Country

                        	 	
                          Name

                        	 	
                          Address

                        
	
                          Australia:

                        	 	
                          BP
      Solar Pty Limited

                           

                        	 	
                          2
      Australia Avenue

                          Sydney
      Olympic Park NSW 2127

                          Australia

                        
	
                          USA:

                        	 	
                          BP
      Solar International, Inc.

                        	 	
                          630
      Solarex Court

                          Frederick,
      MD 21703

                          USA

                        
	
                          India

                        	 	
                          Tata
      BP Solar India Limited

                        	 	
                          78
      Electronic City, Hosur Road,

                          Bangalore
      – 560 100

                          India

                           

                        
	
                          Spain

                        	 	
                          BP
      Solar España, S.A.U.

                        	 	
                          Polígono
      Industrial  Tres Cantos, Zona Oeste s/n

                          28760
      Tres Cantos (Madrid)

                          Spain

                        
	
                          China

                        	 	
                          BP
      Sun Oasis (Prime) Co.,Ltd.

                        	 	
                          Plant
      5, The Export & Processing Zone,

                          Fengcheng
      12Rd.,

                          Xi’an
      710016 China

                        
	
                          Hong
      Kong

                        	 	
                          Solarex
      Electric Ltd.

                           

                        	 	
                          Flat
      1138,  Block D

                          Wah
      Lok Ind. Centre,

                          31
      Shan Mei Street, Fotan, Shatin

                          Hong
      Kong

                        


                

              

            

          

        

      

    

    


    BP may
add additional parties as BP Associates at its sole discretion through advance
written notice to Party B.


    
      
         


      

      
        23

        
          

        

      

      
         


      

    

    


    ATTACHMENT-D

    


    ReneSola
Associates

    


    
      
        
          
            
              
                	
                        Country

                      	 	
                        Name

                      	 	
                        Address

                      
	
                        China

                      	 	
                        Zhejiang
      Yuhui Solar Energy Source Co., Ltd

                      	 	
                        No.8
      Baoqun Road, Yaozhuang Industrial Park, Jiashan County, Zhejiang Province,
      314117,
PRC

                      


              

            

          

        

      

    

    


    ReneSola
may add additional parties as ReneSola's Associates at its sole discretion
through advance written notice to Party A.


    
      
         


      

      
        24