Document:

Wafer Supply Agreement dated June 1, 2008

 Exhibit 10.19 
 Wafer Supply Agreement 
 between 
 Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. 
 and

 Solarcell S. p. A 
 Contract No. [ELC00163] 
 June 1, 2008 
  

 WAFER SUPPLY AGREEMENT 
 This Wafer Supply Agreement (this “Agreement”) is entered into as of June 1, 2008, by and between Jiangsu Zhongneng
Polysilicon Technology Development Co. Ltd. (

), a company limited by shares established in the People’s Republic of China with its principal place of business at 310 Xuzhou Economic Development Zone, North of the National Highway, Xuzhou, Jiangsu
Province, People’s Republic of China (the “Seller”), and Solarcell S.p.A., a joint stock company corporation with its principal place of business at via Verdi, 10, Brugherio (Milan), Italy (the “Buyer”).
Seller and the Buyer together shall be referred to as the “Parties” and individually as a “Party”. 
 RECITALS: 
 WHEREAS, the Seller is in the business of designing, developing, manufacturing, marketing and selling wafers for
the solar industry; and 
 WHEREAS, the Buyer wishes to secure a supply of wafers and to purchase quantities of wafers from the Seller, and
the Seller wishes to provide a supply of wafers and to sell quantities of wafers to the Buyer; and 
 NOW, THEREFORE, in consideration of the
foregoing and the mutual representations, warranties, covenants and agreements herein contained, the Parties agree as follows: 
 ARTICLE I

 DEFINITIONS 
  

	 	I.1	Definitions 

 The following terms shall have the
following meanings for the purposes of this Agreement: 
  

	 	(a)	“Agreement” shall mean this Wafer Supply Agreement, including all Schedules and Exhibits hereto, as it may be amended, modified or supplemented from time to time in
accordance with its terms. 

  

	 	(b)	“Business Day” shall mean any day of the year other than (i) any Saturday or Sunday or (ii) any other day on which banks located in the People’s Republic of
China generally are closed for business. 

  

	 	(c)	“Contract Year” shall mean a twelve month period commencing on January 1 of a particular year and ending on December 31 of that year, except that the first Contract
Year under the Agreement shall be from the Effective Date to December 31, 2008. 

  

	 	(d)	“Effective Date” shall mean the date of execution of this Agreement by all Parties. 

  

	 	(e)	“Euro” or “EUR” means the official currency of the European Union. 

	 	(f)	“Force Majeure Event” shall have the meaning set forth in Article II.13(a). 

  

	 	(g)	“Seller Order Acknowledgement” shall have the meaning set forth in Article II.3(a). 

  

	 	(h)	“Governmental Authority” shall mean any national, federal, state, provincial or local government or a subdivision thereof, or any entity, body or authority exercising
executive, legislative, judicial, regulatory or administrative functions thereof or pertaining thereto. 

  

	 	(i)	“Indemnified Person” shall mean the Person or Persons entitled to, or claiming a right to, indemnification under Article V. 

  

	 	(j)	“Indemnifying Person” shall mean the Person or Persons claimed by the Indemnified Person to be obligated to provide indemnification under Article V.

  

	 	(k)	“Initial Term” shall have the meaning set forth in Article IV.1. 

  

	 	(l)	“Law” shall mean any law, statute, regulation, ordinance, rule, order, decree or governmental requirement enacted, promulgated or imposed by any Governmental Authority.

  

	 	(m)	“LC Bank” shall have the meaning set forth in Article III.1. 

  

	 	(n)	“Letter of Credit” shall have the meaning set forth in Article III.1. 

  

	 	(o)	“Loss” or “Losses” shall mean any and all damages, fines, fees, Taxes, penalties, deficiencies, losses (including lost profits or diminution in value) and
expenses, including interest, reasonable expenses of investigation, court costs, reasonable fees and expenses of attorneys, accountants and other experts or other expenses of any proceedings or of any claim, default or assessment (such fees and
expenses to include all fees and expenses, including fees and expenses of attorneys, incurred in connection with (i) the investigation or defense of any third party claims, (ii) asserting or disputing any rights under this Agreement against any
Party hereto or otherwise, or (iii) settling any action or proceeding or threatened action or proceeding). 

  

	 	(p)	“Missed Delivery” shall have the meaning set forth in Article II.6. 

  

	 	(q)	“Person” shall mean any natural person, corporation, proprietorship, firm, partnership, limited partnership, limited liability company or partnership, trust, joint
venture, union, association, Governmental Authority or other entity. 

  

	 	(r)	“Prepayment” shall have the meaning set forth in Article III.2. 

  

	 	(s)	“Purchase Shortfall” shall have the meaning set forth in Article II.2(c). 

  

	 	(t)	“Quarter” shall have the meaning set forth in Article II.2(a). 

  

	 	(u)	“Quarter Quantity” shall have the meaning set forth in Article II.2(a). 

  

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	 	(v)	“Renminbi” or numbers preceded by the abbreviation “RMB” shall mean amounts in Chinese renminbi. 

  

	 	(w)	“Subsidiaries” shall mean any Person subject to control by either Party, or any of their respective affiliates. The term “control” as used in the preceding
sentence means, with respect to a corporation, the right to exercise, directly or indirectly, fifty percent (50%) or more of the voting rights attributable to the shares of such corporation, or with respect to any Person other than a corporation,
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person. 

  

	 	(x)	“Tax” or “Taxes” means all (i) federal, state, local, foreign and other taxes, assessments, duties or similar charges of any kind whatsoever, including all
corporate franchise, income, sales, use, ad valorem, receipts, value added, profits, license, withholding, payroll, employment, excise, property, net worth, capital gains, transfer, stamp, documentary, social security, payroll, environmental,
alternative minimum, occupation, recapture and other taxes, and including any interest, penalties and additions imposed with respect to such amounts; and (ii) liability for the payment of any amounts as a result of an express or implied obligation
to indemnify any other Person with respect to the payment of any amounts of the type described in clause (i). 

  

	 	(y)	“Wafers” shall mean silicon wafers to be supplied for use in solar cells by the Seller complying in all respects with the Wafer Specifications. 

 

	 	(z)	“Wafer Specifications” shall mean the specifications set out in Schedule A and in each case as amended, updated or replaced and in force from time to time subject
to the mutual agreement of the Parties in writing. 

 ARTICLE II 
 SUPPLY OF WAFERS 
  

	 	II.1	Wafer Specifications 

 The Wafers to be supplied
under this Agreement shall meet the specifications as agreed to by the Parties in Schedule A hereto. The Seller shall maintain, in accordance with the Seller’s standard procedures, accurate records and data for any quality testing done
by or for the Seller of any Wafers purchased by the Buyer hereunder and shall make such records and test data available to the Buyer upon reasonable request. The specifications set forth in Schedule A may be revised by written agreement of
both Parties provided that (i) no change to the specifications shall be made unless *** prior notice in writing has been given for the change by a Party to another Party and (ii) both Parties have agreed on the terms and conditions for the supply of
Wafers with the revised specifications. The Parties agree to negotiate in good faith on the price of the Wafers with the revised specifications having regard to items such as the amount of materials used, the amount of production cost and breakage
rates. The Parties agree that unless a written agreement has been reached by the Parties with respect to the supply of Wafers with the revised specifications. The Seller shall continue to supply Wafers with the specifications as agreed by the
Parties in Schedule A. 
  

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 Notwithstanding the foregoing, the Parties agree to cooperate in good faith to improve the quality of the
Wafers to be supplied with the agreed specifications and minimizing breakage rates provided that if the improvement of quality of the Wafers results in an increase in production cost, the Seller is not obliged to supply such Wafers with improved
quality unless their new price has been agreed in writing by the Parties. 
  

	 	II.2	Quantity and Price. 

 (a) Target Purchase
Quantities. During each Contract Year, the Buyer agrees to purchase and the Seller agrees to supply over the course for a period of three months each (each a “Quarter”) during each Contract Year the quantity of Wafers (such
quarterly purchase quantity commitments, measured in number of wafers, the “Quarter Quantity”), at the prices set forth in Schedule B hereto. 
 (b) Prices. All prices are based on EXW China basis. The prices set forth in Schedule B hereto are on a RMB per wafer basis, exclusive of
any freight costs, insurance or other delivery costs or any Taxes in respect of the Wafers, which shall additionally be paid by the Buyer. 
 The Parties agree that should any change in Laws pertaining to Taxes in the PRC happen (other than Taxes relating to income and profit of the Parties generally) and (i) such change results in an increase in production costs of Wafer of
the Seller, or (ii) such changes result in new or additional costs or expenses to the Buyer other than those already in existence that the Buyer is liable to pay to the Seller as at the date of this Agreement, the Parties will discuss and
renegotiate the Prices within a period of *** subsequent to the change, in order to take into account the effects of the above changes. Should the Parties not reach an agreement after the above period of ***, the Party that suffers for the increase
in costs or Taxes (as the case may be) will have the right to terminate this Agreement by serving a *** notice in writing to the other Party, unless the other Party shall agree to bear the relevant increase in costs, in which case neither Party
shall be entitled to terminate this Agreement. Notwithstanding the foregoing, the Parties shall continue to perform their respective obligations under this Agreement until such time the new Prices have been agreed or this Agreement has been
terminated. 
 The Parties agree that should any change in Laws pertaining to Taxes in the PRC happen (other than Taxes relating to income
and profit of the Parties generally) and such change results in a reduction in production and/or administrative costs of Wafer of the Seller, the Parties will discuss and renegotiate the Prices within a period of *** subsequent to the change, in
order to take into account the effects of the above changes. Should the Parties not reach an agreement after the above period of ***, the Party that would not benefit from a reduction in Prices as a result of the reduction in production and/or
administrative costs shall have the right to terminate this Agreement by serving a *** notice in writing to the other Party, unless the other Party shall agree to reduce the Prices in the sum equivalent to the reduction in production costs of Wafer
of the Seller as a result of the change in the relevant Laws, in which case neither Party shall be entitled to terminate this Agreement. Not withstanding the foregoing, the Parties shall continue to perform their respective obligations under this
Agreement until such time the new Prices have been agreed or this Agreement has been terminated. 
 (c) Purchase Shortfalls. If the
Buyer purchases fewer wafers than the lesser of (i) the Quarter Quantity or (ii) the number of wafers tendered, in accordance with the terms of this Agreement, for delivery by the Seller during a Quarter of such Contract Year, the
Seller shall be entitled to enforce the Letter of Credit and/or make a claim for the difference between (A) the amount that would have been payable by the Buyer during a Quarter of such Contract Year and (B) the amount payable by the Buyer
during such relevant Quarter for the actual volume of wafers purchased by the Buyer from the Seller based on the applicable price listed in Schedule B hereto (such calculated amount, the “Purchase
Shortfall”). The Purchase Shortfall shall accrue interest at the rate of ***, 

  

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unless prohibited by Law. In the event that the Buyer fails to pay the amount of the Purchase Shortfall in full within *** after the date of invoice, the
Seller shall be entitled to: (i) terminate this Agreement, (ii) enforce the Letter of Credit, and/or (iii) make a claim for all Losses arising therefrom. In addition, if the Buyer fails to pay the amount of the Purchase Shortfall in full within
*** after the date of invoice and that the Seller has already produced all or part of the Products within the Quarter Quantity for the Buyer, the Seller may freely sell such Products to third parties at such terms it considers to be reasonable, and
if the sale price is lower than the price set hereunder, the Buyer shall be liable for the difference immediately. 
 (d) Monthly Planning, Rolling Forecast. For planning purposes only, no later than the *** of each calendar month, the Buyer shall deliver to the Seller a forecast of the quantities of Wafers that the Buyer
anticipates that it will order from the Seller over ***. Such estimated amounts in the forecasts shall have no effect on the Buyer’s obligation to purchase some or all of the Buyer’s Quarter Quantity for any Quarter of a Contract Year or
the Seller’s obligation to deliver the indicated quantities, unless confirmed pursuant to the procedures of Article II.3. 
  

	 	II.3	Purchase Orders and Order Acknowledgements. 

 (a)
Purchase Order. The Buyer shall issue a written purchase order to the Seller through fax or internationally recognized carrier on a monthly basis at a minimum. Subject to the terms and conditions set forth herein, such purchase order shall
specify the unit price, total price, quantity and requested delivery dates. The Seller shall, within *** after it receives any such purchase order, respond to such purchase orders with a written Seller order acknowledgement (the “Seller
Order Acknowledgement”), which will set forth the requested quantities for which the Seller can then confirm a quantity (which quantity may be a partial quantity of the Buyer purchase order) and an estimated shipment calendar week. The
Seller Order Acknowledgements shall reference the applicable Buyer purchase order. Until the Seller has provided the Buyer with the Seller Order Acknowledgement, such purchase order shall not be deemed to have been accepted by the Seller.

 (b) Binding Purchase Orders. Unless expressly agreed to in writing by the Parties, no additional or different terms or conditions
contained in any quotation, sales order, acknowledgement form, purchase order or other communication from the Seller or the Buyer shall be binding upon either the Party. To the extent that there is a conflict among the terms and conditions of this
Agreement, any Buyer purchase order and any Seller Order Acknowledgement, the terms of this Agreement shall apply. 
  

	 	II.4	Seller Invoices. 

 Seller invoices shall reference
the applicable Buyer purchase order and the Seller Order Acknowledgements and shall be submitted by the Seller to the accounts payable address of the Buyer specified in writing from time to time by the Buyer. To the extent that there is a conflict
between the terms and conditions of this Agreement and any such invoice, the terms of this Agreement shall apply. All prices in the invoices shall be in EUR calculated based on the conversion of the prices to be paid by the Buyer under this
Agreement in RMB into EUR by reference to the average middle exchange rate of RMB to EUR as quoted by the People’s Bank of China for the thirty (30) days preceding the relevant Quarter (the “Currency Conversion
Mechanism”). 
  

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 II.5 Terms of Sale and Shipment Terms. 
 (a) Terms of Sale. All sales of Wafers hereunder shall be made EXW China (Incoterms 2000: EXW). “lncoterms 2000” means the version
of “Incoterms” adopted by the International Chamber of Commerce effective as of January 1, 2000, including all amendments thereof, but excluding any amendments thereof specifically agreed to by the Parties as not being applicable to
this Agreement. All freight costs, insurance and other delivery costs associated with sales of Wafers under this Agreement that the Buyer is responsible for under this Agreement will be included in the invoice referred to in Article II.8(a), if such
an amount has been paid or will be paid by the Seller first. The Seller shall pack and ship Wafers in accordance with then-current industry standards and practice. 
 (b) Shipment Date. The scheduled shipment date for Wafers shall be specified in the Seller Order Acknowledgment in accordance with Article II.3 hereof. 
 (c) Shipment Instruction. The Buyer shall furnish written shipping instructions to the Seller from time to time, and such shipping instructions,
if different from the last shipping instructions, shall take effect only if provided at least *** prior to the actual shipping date. 
 (d)
Shipment Date Change Requests. The Buyer may request a delay or pull in the shipment of an individual delivery or any part thereof upon written notice to the Seller, subject to the following conditions: 
  

	 	(i)	Unless agreed to by the Seller, the shipment date change request notice must be received by the Seller at least ***, in case of a pull in, or ***, in case of a delay, prior to the
scheduled shipment date; 

  

	 	(ii)	If the shipment date change request notice is a delay request (a push out of requested delivery date), the Buyer shall commit to purchase the delayed Wafers no later than the end of
the Contract Year in which such shipment was originally scheduled by the Seller; 

  

	 	(iii)	The Seller shall agree to such request in writing; and 

  

	 	(iv)	In the event of an accepted shipment date change request, the Buyer shall accept delivery of and pay for Wafers already manufactured or in the manufacturing process for such
purchase order at the time of the Buyer’s delivery of the notice requesting a change in the shipment date. 

 (e) In no
event shall a delay of any shipment or any part thereof as requested by the Buyer pursuant to Article II.5(d) affect, in any way, the Buyer’s obligation to purchase the Buyer’s Quarter Quantity for any Quarter of a Contract Year.

  

	 	II.6	Missed Delivery 

 If, commencing from the Contract
Year of January 1, 2009, the Seller fails to deliver any part of the Quarter Quantity pursuant to Article II.2(a) (“Missed Delivery”), and such Missed Delivery continues uncured by the end of the relevant quarter, the Seller shall
have the right to “make up” Missed Deliveries for any relevant Quarter in the following manners: 
  

	 	•	in the event that the actual quantities of Wafers delivered is less than *** of the relevant Quarter Quantity in the relevant Quarter, the Seller shall deliver at least up to *** of
the relevant Quarter within *** of the end of the Quarter where the Missed Delivery occurred; and 

  
  

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

  

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	 	•	the remaining shortfall shall be delivered by the Seller within *** of the end of the Quarter where the Missed Delivery occurred. 

 The Wafer price for such Missed Deliveries, if actually made in the Contract Year subsequent to the Contract Year where the Missed Delivery occurred,
shall be the Wafer price in effect at the time of shipment of the Wafers. The Parties expressly agree and acknowledge that any Missed Delivery hereunder shall not allow the Buyer to terminate this Agreement; provided, however, subject to Article
II.12, the Buyer shall have the right to claim actual damages against Seller for failure to deliver Wafers on a timely basis after reasonable best efforts to mitigate such damages by the Buyer. For the avoidance of doubt, the Seller shall provide
all the Quarter Quantity in full for the Contract Year ending on December 31, 2008 and Article II.6 shall not apply to any Missed Delivery existed for the Contract Year ending on December 31, 2008. 
  

	 	II.7	Title and Risk of Loss 

 Title to and risk of loss
of Wafers shall pass to the Buyer on the earlier of (i) the Shipment Date, as determined pursuant Article II.5(b) or (ii) at the time where the Buyer has been notified by the Seller that such Wafers have been delivered by the Seller to a freight
forwarder appointed by the Buyer. Without prejudice to other provisions under this Agreement, should the Wafers not have been made available for delivery on the Shipment Date, title to and risk of loss of Wafers shall pass to the Buyer on the
earlier of (a) *** after the Seller has communicated to the Buyer that the relevant Wafers are available for pick-up or (b) at the time where the Buyer has been notified by the Seller that such Wafers have been delivered by Seller to a freight
forwarder appointed by the Buyer. It is agreed by the Parties that in the case of (i) or (a) of this Article, the Seller may, in its own discretion, store the Wafers at any warehouse it considers appropriate pending the collection of the Wafers
by the Buyer, but the Seller is not liable for any loss or damage to the Wafers arising from the acts or omissions after the title and risk of loss passed to the Buyer. 
  

	 	II.8	Payment Terms; Delivery Terms; Freight Terms 

 (a)
The Seller shall issue an invoice to the Buyer for each shipment of Wafers, which shall be received by the Buyer at least *** before the relevant Shipment Date, as determined pursuant Article II.5(b). All amount shall be in EUR calculated based on
the Currency Conversion Mechanism. The Buyer shall make payment for each shipment by way of cash through telegraphic transfer. The Seller is under no obligation to deliver any Product unless and until it has received, (i) via telefax or e-mail,
documentary confirmation from the Buyer, evidencing that the Buyer’s bank has irrevocably made the relevant payment together with the pertaining SWIFT code and (ii) the relevant Letter of Credit. In the event that the Buyer fails to make any
payment under this Agreement within *** after the date of the invoice, the Seller reserves the right to assess a late payment charge of ***, unless prohibited by Law and the Seller shall be entitled to: (i) terminate this Agreement,
(ii) enforce the Letter of Credit, and/or (iii) make a claim for all Losses arising from the Buyer’s failure to make payment. The Seller may recover for each delivery hereunder as a separate transaction, without reference to any other
delivery. 
 (b) The Buyer shall be responsible for all freight costs, insurance and other delivery costs associated with sales of Wafers
under this Agreement that are incurred for shipping the Wafers by the Seller. Any Taxes, levies or assessments (including related interest and penalties) imposed, levied, assessed or arising by virtue of this Agreement other than Taxes based upon
the income of the Seller shall be borne by the Buyer. If any charges are exempt from sales or use Tax liability, the Buyer shall provide Seller with evidence of tax exemption acceptable to the relevant taxing authority. 
  
  

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

  

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	 	II.9	Inspection 

 No later than within *** after receipt
of each shipment of Wafers by the Buyer under Article II.7 hereof, the Buyer shall inspect such Wafers for any defect (including compliance with specifications). The Buyer shall be deemed to have unconditionally accepted the entire shipment unless
the Seller receives a written notice specifying the alleged defect within *** after the Buyer’s receipt of the Wafers under Article II.7 hereof. In the event that the return was authorized in writing in advance by the Seller and the
Seller’s returned material authorization number is prominently marked on each shipping container, the Seller shall accept Wafers returned by the Buyer. The Seller shall not unreasonably withhold authorization for return requests in cases in
which the Buyer has provided the Seller with reasonable proof of the defect of the Wafers. In the event that the Seller authorizes a return of Wafers in accordance with the above procedures and the Seller’s standard return process, the Seller
shall be entitled to: (i) inspect the returned Wafers, (ii) remedy the defect in the returned Wafers and/or (iii) replace the non-conforming Wafers within *** after receiving the Buyer’s written notice. In the event of a dispute
between the Parties regarding the existence of a defect in the Wafers after inspection by the Parties, the Parties shall jointly designate an independent expert to conduct an inspection of such Wafers. If the independent expert finds that a defect
exists in the Wafers after its inspection, the Seller shall pay for the costs of the expert’s inspection, and if the expert finds that a defect does not exist in the Wafers, the Buyer shall pay the costs of the expert’s inspection.

  

	 	II.10	Quality Inspection 

 Notwithstanding Article II.9,
the Parties agree that the Buyer shall, by serving a *** prior notice in writing to the Seller, have the right to carry out Wafer quality inspections in the presence of the authorised representative of the Seller at the Wafer production facilities
designated by the Seller, at the time and date and in the manner specified by the Seller, in accordance with the standard market practice. 
  

	 	II.11	Representations and Warranties 

 The Seller
represents and warrants that the Wafers delivered to the Buyer under this Agreement shall meet the specifications set forth in Schedule A hereto, and that the Buyer shall obtain full and unencumbered title to all Wafers, free and clear of any
and all rights of third parties, when title to the Wafers passes to the Buyer pursuant to and consistent with Article II.7 hereof. EXCEPT AS SET FORTH IN THE PRECEDING SENTENCE, THE SELLER MAKES NO OTHER WARRANTIES OR REPRESENTATIONS, EXPRESS OR
IMPLIED, OF FITNESS OF THE WAFERS FOR PARTICULAR USE OR OTHERWISE, INCLUDING WITHOUT LIMITATION, WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE. THE SELLER DISCLAIMS TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS ALL
WARRANTIES OTHER THAN THOSE EXPRESSED IN THIS AGREEMENT. 
  

	 	II.12	Limitation of Liability 

 The Seller’s total
liability, and the Buyer’s exclusive remedy, for any and all Losses and damages, arising out of any cause whatsoever under any theory of contract, tort, strict liability, or other legal or equitable theory, including under a breach of
representations and warranties made under Article II.1 hereof, shall be limited solely to the Buyer’s actual direct damages directly caused under this Agreement; provided, however, the total liability shall be limited to the price
of the Wafers or the Seller shall have the option to repair or replace Wafers that fail to meet the specifications set forth in Schedule A hereto with the Buyer’s reasonable 
  
  

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

  

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proof therefor. In no event shall the Seller be liable for lost profits, special, incidental, consequential or punitive damages. The Seller shall not be
liable for, and the Buyer assumes liability for, all personal injury and property damage connected with the handling, transportation, possession, processing, further manufacture, other use or resale of the Wafers, irrespective of whether the Wafers
are used alone or in combination with any other material. 
  

	 	II.13	Force Majeure 

 (a) The Seller shall not be liable
for any delay or failure to perform due to any cause or condition beyond its reasonable control, whether foreseeable or not, resulting from a catastrophic event, including, without limitation, Acts of God, war, riot, fire, explosion, accident, flood
or sabotage; compliance with Laws, regulations, orders, action or national defense requirements; embargoes or acts of civil or military authorities; in each case affecting the Seller or any of its subcontractors or suppliers (all of such events, a
“Force Majeure Event”). The Seller shall give prompt written notice to the Buyer of any such Force Majeure Event within *** after the date of occurrence of such event and any associated delivery changes. 
 (b) If a Force Majeure Event occurs, the Seller shall not be responsible for any damages, increased costs, or Losses which the Buyer may sustain by
reason of such failure of performance, but this Agreement shall not be deemed to have been terminated or frustrated as a result of such failure of performance, except as may be permitted by Article II.12(c). If a Force Majeure Event occurs, the
Seller shall adopt the appropriate measures to minimize or remove the effects of the Force Majeure Event and, within the shortest practicable time, attempt to resume performance of its obligations under this Agreement that have been affected by the
Force Majeure Event. 
 (c) If the Seller has suffered a Force Majeure Event and is unable to perform substantially all of its obligations
under this Agreement for *** or more after suspension of its performance after the occurrence of a Force Majeure Event, the Buyer and the Seller may mutually agree to terminate this Agreement. Notwithstanding anything in this Agreement to the
contrary, the occurrence of a Force Majeure Event hereunder shall in no event excuse either Party from its obligations to pay to the other Party any sums accrued or due hereunder to such other Party. 
 ARTICLE III 
 LETTER OF CREDIT 

  

	 	III.1	Letter of Credit 

 The Buyer shall issue, within ***
upon the signing of this Agreement or within *** upon the signing of this Agreement if Article III.2 is applicable, the first irrevocable standby letter of credit in form and substance reasonably satisfactory to the Seller of *** (the
“Letter of Credit”) drawn on the Landesbank Baden-Württemberg branch of Freiburg (Germany) or another issuer reasonably acceptable to the Seller (the “LC Bank”) to be valid until January 30, 2011. The Buyer
shall issue a new Letter of Credit no later than January 15 of each subsequent year to be valid from the date of the expiry of the previous Letter of Credit until January 30 of the next year. The value of the Letter of Credit subsequent to
any Letter of Credit issued in the preceding year shall be reduced by *** of the actual amount paid by the Buyer to the Seller in respect of the purchase of Wafers in the preceding year commencing from the ***. Any failure to provide the Letter of
Credit shall constitute a default and the Seller shall be entitled to terminate this Agreement. 
  
  

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

  

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	 	III.2	Prepayment 

 The Buyer may, in its sole discretion,
make, within *** upon the signing of this Agreement, a prepayment (the “Prepayment”) of *** Euro (EUR ***) upon signing this Agreement. After the Buyer has made the Prepayment to the Seller in accordance with this clause, the Seller
shall apply such amount of Prepayment received to offset the Prices payable for the first delivery of Wafers under this Agreement and the second delivery (if there is any Prepayment left unapplied after the first delivery of Wafers) until the entire
amount of Prepayment has been applied. Any failure to provide the Letter of Credit under this clause shall constitute a default and the Seller shall be entitled to terminate this Agreement and forfeit the Prepayment. 
 ARTICLE IV 
 TERM AND TERMINATION

  

	 	IV.1	Term 

 The Term of this Agreement shall commence on the Effective Date and shall expire at the end of the eighth Contract Year (the “Initial Term”). The Parties agree to negotiate in good faith to extend the Initial Term of
the Agreement on or prior to the *** anniversary of the Effective Date. 
  

	 	IV.2	Termination by Either Party 

 Either Party to this
Agreement may terminate this Agreement by written notice to the other Party if, and only if, such other Party (a) becomes insolvent, (b) makes a general assignment for the benefit of creditors, (c) suffers or permits the appointment
of a receiver for its business or assets, (d) becomes subject as the debtor to any proceeding under any bankruptcy or insolvency Law, whether domestic or foreign, and such proceeding is not dismissed with prejudice within *** after filing, or
(e) commences liquidation or dissolution proceedings, voluntarily or otherwise. In addition, if a Force Majeure Event has occurred, and the Parties have mutually agreed to terminate this Agreement pursuant to the provisions of Article II.12(c),
this Agreement shall be so terminated on the date the Parties have agreed shall be the termination date. 
  

	 	IV.3	Effect of Termination 

 Upon termination or
expiration of this Agreement, the Parties’ obligations hereunder shall terminate. Notwithstanding the foregoing, the provisions of Article II.2, Article II.11 (subject to the time limits of Article II.9, Article II.10 and Article IV.2), Article
II.12, Articles IV, V, VI and VII are of a continuing nature and shall survive termination of this Agreement. No such termination shall relieve any Party from liability for any prior or subsequent breach of this Agreement. 
 ARTICLE V 
 INDEMNIFICATION

  

	 	V.1	Indemnification Generally 

 The Buyer shall
indemnify and defend the Seller and its directors, officers, employees, contractors and agents, from any liability (including reasonable attorneys’ fees) for any Loss or injury to persons or property which may result from the Buyer’s
breach of its 
  
  

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

  

 10 

 
representations, warranties or covenants in this Agreement. Subject to Articles II.11 and II.12, the Seller shall indemnify and defend the Buyer and its
directors, officers, employees, contractors and agents, from any liability (including reasonable attorneys’ fees) for any Loss or injury to persons or property which may result from the Seller’s breach of its representations, warranties or
covenants in this Agreement. 
  

	 	V.2	Time Limits 

 Any right to indemnification or other
recovery under this Article V shall only apply to Losses arising from claims with respect to which the Indemnified Person shall have notified the Indemnifying Person in writing within *** of the occurrence of the facts giving rise to the underlying
claim; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any Losses arising from claims as to which the Indemnified Person shall have, before the expiration of the *** period,
previously delivered a notice pursuant to Article V.1 to the Indemnifying Person. 
 ARTICLE VI 
 DISPUTE RESOLUTION 
  

	 	VI.1	Resolution of Disputes between the Parties 

 (a)
Prior to initiating any legal or other action or proceeding against the other, the Parties shall attempt in good faith to resolve any controversy or claim arising from or relating to this Agreement promptly by negotiations between the respective
representatives of the Parties. The disputing Party shall give the other Party written notice of the dispute. Within *** after receipt of such notice, the receiving Party shall submit a written response to the other Party. The notice and response
shall include a statement of the respective Party’s position and arguments supporting its position. The representatives shall meet at a mutually acceptable time and place within *** after the date of the disputing Party’s notice and
thereafter as often as they reasonably deem necessary to exchange relevant information and to attempt to resolve the dispute. If the matter has not been resolved through negotiation within *** after the date of the disputing Party’s notice, or
if either Party will not meet with the other Party within *** after the date of the disputing Party’s notice, either Party is free to initiate proceedings in accordance with the provisions of Article VI.2. All deadlines specified herein may be
extended by mutual written agreement of the Parties. 
 (b) If no agreement can be reached between the Parties after good faith negotiations,
either the Buyer or the Seller may initiate proceedings in accordance with the provisions of Article VI.2. 
  

	 	VI.2	Arbitration 

 (a) Except as otherwise provided in
this Agreement, any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or validity thereof, shall be finally settled by the Hong Kong International Arbitration Centre
(“HKIAC”) under the rules of the United Nations Commission on International Trade Law (the “UNCITRAL”). The place of arbitration shall be in Hong Kong, and the language used in the arbitral proceedings
shall be Mandarin Chinese. 
 (b) The arbitrator shall be appointed by mutual consent of the Parties in accordance with the procedures set
out in the UNCITRAL rules regarding the appointment of arbitrators. If the Parties shall fail to reach mutual consent in appointing the arbitrator, the Seller shall appoint one arbitrator from the HKIAC roster of arbitrators, the Buyer shall appoint
one arbitrator from the HKIAC roster of arbitrators, and the two arbitrators shall jointly appoint a third arbitrator from the HKIAC roster of arbitrators. 
  

 11 

 (c) The arbitral proceeding shall accord to each of the Parties the right of cross-examination of
witnesses, the right to provide witnesses, including expert witnesses, and the right to make both written and oral submissions. 
 (d) The
arbitral award made and granted by the arbitrator shall be final, binding and incontestable and may be used as a basis for judgment thereon in any court having jurisdiction. All costs of arbitration (including, without limitation, those incurred in
the appointment of arbitrator) shall be apportioned in the arbitral award. 
 (e) No person who is, or has been, an employee or agent of, or
consultant or counsel to, any Parties or any affiliate thereof shall be eligible to act as an arbitrator at any time. 
  

	 	VI.3	Court Action 

 No Party shall be entitled to
commence or maintain any action in a court of law (including any appeal against or review of the arbitral award) upon any matter in dispute arising out of or relating to or in connection with this Agreement, except for the enforcement of an arbitral
award granted pursuant to this Agreement. 
  

	 	VI.4	Waiver of Immunity 

 To the extent that any Party
(including assignees of any such Party’s rights or obligations hereunder) may be entitled in, any jurisdiction, to claim for itself or its revenues, assets or properties, immunity from service of process, suit, the jurisdiction of any court, an
interlocutory order or injunction or the enforcement of the same against its property in such court, attachment prior to judgment, attachment in aid of execution of an arbitral award or judgment (interlocutory or final) or any other legal process,
and to the extent that, in any such jurisdiction there may be attributed such immunity (whether claimed or not), each Party hereto hereby irrevocably waives such immunity. 
  

	 	VI.5	Continued Performance 

 This Agreement and the
rights and obligations of the Parties shall remain in full force and effect pending the award in any arbitration proceeding hereunder. 
  

	 	VI.6	Survival 

 The provisions contained in this Article
V shall survive the termination or expiration of this Agreement. 
 ARTICLE VII 
 CONFIDENTIAL INFORMATION 
  

	 	VII.1	 Confidential Information; Public Disclosure 

 (a) Each of the Seller and the Buyer agrees that it will not disclose to any third party the existence of or the details of this Agreement and any trade secrets or other proprietary information it obtains with respect to the other Party
during or after the term of 

  

 12 

 
this Agreement except as expressly permitted hereunder, and that it will treat all such information as confidential and will use such information only for
carrying out the purposes of this Agreement; provided, however, that either Party will not be obligated to treat as confidential any information acquired by it that is either known to the general public or to the industry, or known to,
or in the possession of, such Party prior to disclosure by the other Party, that is disclosed as required by Law or the rules of any stock exchange, or that is independently developed by such Party. The confidentiality obligations of the Parties
hereunder shall continue during the term of this Agreement and for a period of *** after termination of this Agreement. 
 (b) The Parties to
this Agreement shall consult with each other as to the form, substance and timing of any press release or other public disclosure related to this Agreement or the transactions contemplated hereby, and no such press release or other public disclosure
shall be made without the consent of the other Party hereto, which consent shall not be unreasonably withheld or delayed; provided, however, that the Parties may make such disclosure to the extent permitted above or to the extent
required by applicable Law and regulatory authorities, including the requirements of a stock exchange on which a Party is listed or the applicable securities regulatory commission. 
  

	 	VII.2	 Equitable Relief 

 Notwithstanding any other
provision of this Agreement, it is understood and agreed that the remedy of indemnity payments pursuant to Article V and other remedies at law may be inadequate in the case of any breach of the covenants contained in this Article VII. Accordingly,
either Party shall be entitled to seek equitable relief, including the remedy of specific performance, with respect to any breach or attempted breach of such covenants. 
 ARTICLE VIII 
 GENERAL PROVISIONS 
  

	 	VIII.1	 Expenses 

 Each Party hereto shall bear its
own fees and expenses with respect to the transactions contemplated hereby. 
  

	 	VIII.2	 Amendment 

 This Agreement may be amended,
modified or supplemented only in writing signed by the Parties. 
  

	 	VIII.3	 Notices 

 Any notice, request, instruction or
other document to be given or delivered hereunder by a Party hereto shall be in writing and shall be deemed to have been delivered, (a) when received if given in Person or by courier or a courier service, or (b) on the date of transmission if
sent by facsimile transmission (receipt confirmed) on a Business Day during the normal business hours of the intended recipient, and if not so sent on such a day and at such a time, on the following Business Day: 
 If to the Seller, addressed as follows: 
 Company Name: Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. 
  

 13 

 

 
 Address: No. 66 Yangshan Road, Xuzhou Economic Development Zone, Jiangsu Province
 
 Attention: Mr. Zhu Guomin, General Manager  
 Telephone: (86-516) 85868888 
 Facsimile: (86-516) 83152868  
 E-mail: zhuguomin@gcl-power.com

 If to the Buyer, addressed as follows: 
 Company Name: Solarcell S.p.A. 
 Address: via Verdi. 10 – 20047 Brugherio (Milan) 
 Attention:
Mr. Carmelito Denaro – Chairman and Managing Director 
 Telephone: (39-039) 2878378 
 Facsimile: (86-039) 2875049 
 E-mail: info@mxgroup.it 
 or to such other individual or address as a Party hereto may designate for itself by notice
given as herein provided. 
  

	 	VIII.4	 Waivers 

 Except as otherwise provided in
Article IV.2, the failure of a Party hereto at any time or times to require strict performance of any provision hereof or claim damages with respect thereto shall in no manner affect its right at a later time to enforce the same. No waiver by a
Party of any condition or of any breach of any term, covenant, representation or warranty contained in this Agreement shall be effective unless in writing, and no waiver in any one or more instances shall be deemed to be a further or continuing
waiver of any such condition or breach in other instances or a waiver of any other condition or breach of any other term, covenant, representation or warranty. 
  

	 	VIII.5	 Assignment 

 This Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns; provided, however, that except with the written consent of the Seller, no assignment of this Agreement or any rights or
obligations hereunder, by operation of Law or otherwise, may be made by the Buyer, except to companies controlled by the Buyer or under common control with the Buyer provided that the Buyer shall give the Seller *** advance written notice and the
Buyer shall continue to be liable for all the Buyer’s obligations after the assignment. The Seller may assign this Agreement or any rights or obligations hereunder to its Subsidiary, affiliate or successor. 
  

 14 

	 	VIII.6	 Severability 

 If any provision of this
Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and
enforceable provision as similar as possible to the provision at issue. 
  

	 	VIII.7	 Entire Understanding; Conflicts 

 This
Agreement sets forth the entire agreement and understanding of the Parties hereto with respect to the transactions contemplated hereby and supersedes any and all prior agreements, arrangements and understandings, both written and oral, among the
Parties relating to the subject matter hereof. 
  

	 	VIII.8	 Applicable Law 

 This Agreement shall be
governed by and construed and enforced in accordance with the laws of the People’s Republic of China. 
  

	 	VIII.9	 Counterparts; Facsimile Signatures 

 This Agreement may be executed in counterparts, and when so executed each counterpart shall be deemed to be an original, and said counterparts together shall constitute one and the same instrument. 
 [remainder of page intentionally left blank; signature page follows] 
  

 15 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed and delivered as of the
date first above written. 
  

					
	SELLER	 	BUYER

 

 
  

 16 

 SCHEDULE A 
 WAFER SPECIFICATIONS 
 Specification for 156 x 156mm Multi-crystalline Silicon Wafer 
  

			
	Crystal Type	  	 ***

		
	Dimension	  	 ***

		
	Thickness	  	 ***

		
	Diagonal Length	  	 ***

		
	Edge angle	  	 ***

		
	TTV (μm)	  	 ***

		
	Bow/Warping	  	 ***

		
	Conductivity Type	  	 ***

		
	Orientation	  	 ***

		
	Oxygen concentration	  	 ***

		
	Carbon concentration	  	 ***

		
	Resistivity	  	 ***

		
	Minority carrier Life Time	  	 ***

		
	Crack and pinhole	  	 ***

		
	Saw mark	  	 ***

		
	Square angle	  	 ***

		
	Edge defect	  	 ***

		
	Wafer surface	  	 ***

		
	Contamination	  	 ***

  

 17 

 SCHEDULE B 
 QUARTER QUANTITY AND PRICE SCHEDULE 
  

											
	 Contract Year
	  	Quarter Quantity (Pieces of Wafers)	 	Unit Price
	  	First 
Quarter	 	Second
Quarter	 	Third
Quarter	 	Fourth
Quarter	 	RMB per
wafer
	 2008
	  	***	 	***	 	***	 	***	 	***
	 2009
	  	***	 	***	 	***	 	***	 	***
	 2010
	  	***	 	***	 	***	 	***	 	***
	 2011
	  	***	 	***	 	***	 	***	 	***
	 2012
	  	***	 	***	 	***	 	***	 	***
	 2013
	  	***	 	***	 	***	 	***	 	***
	 2014
	  	***	 	***	 	***	 	***	 	***
	 2015
	  	***	 	***	 	***	 	***	 	***

 Note: 
 The number of
Wafers to be delivered in each month shall be equivalent to the relevant Quarter Quantity divided by three. 
  
  

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

  

 18Wire Saw Agreement dated June 27, 2008

 Exhibit 10.21 
 CONTRACT 
  

			
	No: MB-SHA2008025	  	 Date: 2008/06/27            
 At: Shanghai, China            

  

			
	The Buyers:	  	The Sellers:
	 JIANGSU ZHONGNENG POLYSILICON
 TECHNOLOGY
DEVELOPMENT CO., LTD
 Address:
 66# Yangshan Road, Xuzhou
Economic
 Development Zone, Jiangsu Province
 TEL:
0086-516-85868888
 FAX: 0086-516-83152877
	  	 MEYER BURGER AG
 Address: Allmendstrasse 86, CH
3600 Thun, Switzerland
 TEL: 0041-33-4390505            FAX: 0041-33-4390510

 This Contract is made by and between the Buyers and the Sellers; whereby the Buyers agree to buy and the Sellers
agree to sell the under-mentioned commodity (hereinafter referred to the “Contract Products”) according to the terms and conditions stipulated below: 
  

	1.	Pricing for Contract Products 

 For the avoidance of the doubt, the Contract Products will be priced in *** and the Buyer will pay in *** with all machines delivered until June 30th 2009 according to the delivery schedule, and after
June 30th 2009 Buyer will pay in *** For the optional products in Form 1, (up to *** sets Wire Saws) the exchange rate shall be fixed at the
time of execution of the option. 
 The details for price of the Contract Products are as displayed in this Form 1: 
 Form 1 
  

											
	 Item
	  	 (1) Commodity &
Specifications
	  	 (2) Quantity
	  	 (3) Unit Price
	  	 (4) Total Amount
	  	 (5) Time of shipment

	Phase 1	  	Model *** Wire Saw (details as per attachment)	  	*** sets	  	USD***	  	 USD***
 CIF SHANGHAI SEAPORT
	  	 *** before
 Oct. 30, 2008; 
 *** before
 Nov. 30, 2008; 
 *** before
 Dec. 30, 2008. Late delivery of any of ***
to *** Saws will lead the delay penalty. The *** ASAP before Q1 of 2009 without delay penalty.

  
  

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

  

 1 

											
	Phase 2A	  	Model *** Wire Saw (details as per attachment)	 	*** 	  	USD***	  	 USD ***
 CIF SHANGHAI SEAPORT
	  	Each month *** machines to be shipped from Jan.2009-June,2009
						
	Phase 2B	  	Model *** Wire Saw (details as per attachment)	 	*** 	  	Euro ***	  	 Euro ***
 CIF SHANGHAI SEAPORT
	  	Each month *** machines to be shipped from July.2009-Nov.,2009, *** machines before Dec.2009
						
	 Phase 3
	  	Model *** Wire Saw (details as per attachment)	 	*** 	  	Euro ***	  	 Euro ***
 CIF SHANGHAI SEAPORT
	  	Each month *** machines to be shipped from Jan.2010-Dec.30,2010
						
	Option of Buyer	  	Model *** Wire Saw (details as per attachment)	 	 Up to
 *** 
	  	CHF ***	  	Upon quantity required by Buyer when exercising the option CIF SHANGHAI SEAPORT	  	decided by Buyer upon *** notice in advance

  

	**	The Seller is allowed, after approval of the Buyer, to deliver the machines earlier or later than stated in the contract due to combined shipment for several machines.

	**	The Buyer may exercise the option of up to *** sets Model *** Wire Saw in one time or in several times and the Seller is obligated to supply such Wire Saw provided always that
the Buyer gives Seller the prior notice of no less than *** for shipment. Terms in this Contract shall be applicable to such Wire Saws under the option. 

  

	2.	Country of Origin and Manufactures 

 Switzerland, Meyer Burger AG

  

	3.	Packing 

 Contract Products shall be packed in strong wooden
case(s), or in carton(s), suitable for long distance ocean transportation or air transportation and to change of climate, well protected against moisture, shocks and rust. The Sellers shall be liable for any damage of the commodity and expenses
incurred on account of improper packing and for any rust attributable to inadequate or improper protective measures taken by the Sellers in regard to the packing. One full set of service and operation instructions concerned shall be enclosed in the
case(s). 
  

	4.	Shipping Mark 

 The Sellers shall mark on each package with fadeless
paint the package number, gross weight, net weight, measurement and the wordings: “KEEP AWAY FROM MOISTURE”, “HANDLE WITH CARE”, “THIS SIDE UP”, etc., and the shipping mark: 
         MB-SHA2008025         
 SHANGHAI, CHINA 
  
  

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

  

 2 

			
	 5.      Port of Shipment:
	  	Main European Seaport
		
	 6.      Port of Destination:
	  	Shanghai Seaport
		
	 7.      Insurance:
	  	All Risks. To be covered by the Seller.

  

	8.        	

  

	8.1)	Advance payment: Within *** after the BUYER receive the bellowing designated documents, the advance payment will be made according to below list: Form 2 

 Form 2 
  

							
	 Advance Payment
	  	 The machine for Phase 1 (2008)
	  	 The machine for Phase
 2A and 2B (2009)
	  	 The machine for Phase 3 (2010)

				
	 1st advance
 payment
	  	*** of total value by T/T	  	*** of total value by T/T.	  	*** of total value by T/T.
				
	 2nd advance
 payment
	  	None	  	*** of total value payable *** upon bank guarantee from the buyer	  	*** of total value payable                     
*** upon bank guarantee from the buyer

  

	•	 	 Signed Proforma Invoice with 1 original & 3 copies showing 100% value of each delivered Contract Products value, indicating contract number.

  

	•	 	 Manually signed Commercial Invoice with 1 original and 3 copies showing each advance payment value as above list, indicating Contract number.

  

	•	 	 For each payment, a bank guarantee in favor of the Buyer shall be delivered by Seller in a form written agreed by the Buyer, with the amount equivalent to the due
advance payment, issued by a reputable bank within *** after the execution of this Contract and the bank guarantee will expire when the last Contract Products of the respective phase is delivered to the Buyer. 

  

	•	 	 Performance bond under Clause 19.1. 

  

	8.2)	Payment against L/C: 

 Within *** before shipment, The
Buyer will, at the buyer’s expense, establish in favor of Meyer Burger an irrevocable Letter of Credit (Details as form 3). The Letter of Credit shall be valid until *** after shipment effected. 
 The acceptance certificate must be issued by the Buyer immediately after acceptance test. 
  
  

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

  

 3 

 Form 3 
  

							
	 Payment under L/C
	  	 The machine for Phase 1 (2008)
	  	 The machine for Phase 2 (2009)
	  	 The machine for Phase 3 (2010)

	1st payment	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.1 of the contract.	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.1 of the contract.	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.1 of the contract.
				
	2nd payment	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.2.	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.2 acceptance certificate issued by the Buyer.	  	*** of each shipment value against presentation of all documents stipulated in Clause 9.2 acceptance certificate issued by the Buyer.

  

	9.	Documents: 

  

	 9.1
	 Documentation for 1st payment by L/C 

  

	(1)	Full set of on board ocean bills of lading marked “Freight Prepaid” made out to order blank endorsed notifying the Buyer. 

  

	(2)	Commercial Invoice at *** of each shipment value in 5 copies indicating contract number, made out in details as per relative contract. 

  

	(3)	Insurance Policy/Certificate in one original and two copies for *** of the invoice value showing claims payable in China in currency of the draft, blank endorsed, covering All
Risks. 

  

	(4)	Packing list in 5 copies issued by the Manufacturers. 

  

	(5)	Certificate of Quality and Quantity in 5 copies issued by the Manufacturers. 

  

	(6)	Copy of fax to the Buyers advising particulars of shipment immediately after shipment is made. 

  

	(7)	Certificate of Origin issued by the manufacturer. 

  

	(8)	Fumigation Certificate or certificate of Plant Quarantine issued by relative competent authority or Non-wooden packing declaration. 

  

	9.2	Documentation for 2nd Payment by L/C 

  

	(1)	Certification of Acceptance issued by Buyer. 

  

	(2)	Commercial Invoice at *** of each shipment value in 5 copies indicating contract number, made out in details as per relative contract. 

  
  

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

  

 4 

	10.	Shipment: 

 The Sellers shall ship the goods within the shipment
time from the port of shipment to the port of destination. Partial shipment is allowed. Transshipment is allowed. 
  

	11.	Guarantee of Quality: 

 The Sellers guarantee that the commodity
hereof is made of the best materials with first class workmanship, brand new and unused, and complies in all respects with the quality and specification stipulated in this Contract. The guarantee period shall be *** counting from the date on which
the acceptance certificate is issued or *** after the date of shipment, whichever comes first. Buyer’s exclusive remedy and Seller’s sole liability for any breach of the foregoing warranty shall be for Seller, at Seller’s sole option,
to repair, replace or modify the defective Product, or refund to Buyer the purchase price paid by Buyer for the defective Product. The warranty service shall be performed at Seller’s factory or, by mutual agreement at Buyer’s location. In
order to receive the warranty service, Buyer must return the defective Product within *** of notification from Buyer hereunder. THE WARRANTY SET FORTH IN THIS CLAUSE 11 IS IN LIEU OF ALL OTHER WARRANTIES AND SELLER HEREBY EXPRESSLY DISCLAIMS ALL
OTHER WARRANTIES, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR PARTICULAR USE. Any repair or attempt to repair Products by anyone other than an authorized
representative of Seller automatically voids any warranty on those Products. Any use of parts, materials or supplies not authorized or approved by Seller in connection with the operation, maintenance or repair of the Contract Product may void this
warranty. 
 The Seller warrants that it will provide the Buyer of the software updating for the Contract Products if needed and the Seller won’t charge
the Buyer any addition fees for this. The software updating aforesaid includes remote software downloads and remote technical support. The Seller also warrants that it will provide the Buyer of the Contract Products using the best and latest
technology in the future. 
 The Seller warrants that it has the right and permission to supply to the Buyer the Goods, including documentation and services
related in accordance with the terms of the Contract. The Seller shall indemnify the Buyer against all actions, claims, demands, costs, charges and expenses arising from or incurred by reason of any infringement or alleged infringement of letters
patent, copyright, trade mark or trade name by the use of any Goods supplied by the Seller. 
  

 5 

 WITHIN *** AFTER RECEIVING THE CONTRACT PRODUCTS BY THE BUYER, SHOULD THE QUALITY, SPECIFICATION OR THE QUANTITY BE FOUND
NOT IN CONFORMITY WITH THE STIPULATIONS OF THE CONTRACT EXCEPT THOSE CLAIMS FOR WHICH THE INSURANCE COMPANY ARE LIABLE, SHOULD THE CONTRACT PRODUCTS BE PROVED THAT THERE ARE DEFECTS INCLUDING LATENT DEFECTS OR TO BE MADE WITH UNSUITABLE MATERIALS,
THE BUYER SHALL, ON THE STRENGTH OF THE INSPECTION CERTIFICATE ISSUED BY THE CHINA INSPECTION & QUARANTINE BUREAU (CIQ), HAVE THE RIGHT TO CLAIM FOR REPLACEMENT WITH NEW QUALIFIED ONES. THE BUYER SHALL GUARANTEE TO RETURN ALL DEFICIENT
CONTRACT PRODUCTS TO THE SELLER BASED ON FOB TERMS IMMEDIATELY AFTER RECEIPT OF THE FAX/E-MAIL OF B/L OF REPLACEMENT MADE BY THE SELLER. ALL THE EXPENSES (SUCH AS INSPECTION CHARGES, FREIGHT FOR RETURNING DEFICIENT CONTRACT PRODUCTS, INSURANCE
PREMIUM, STORAGE & PORT CHARGES ETC) SHALL BE BORNE BY THE SELLER. THE SELLER SHALL GUARANEE TO REPLACE THE DEFICIENT CONTRACT PRODUCTS WITH QUALIFIED ONES WHICH MUST BE IN CONFORMITY WITH THE SPECIFICATIONS, QUALITY & PERFORMANCE AS
STIPULATED IN THE AGREEMENT, AND SHIP THE QUALIFIED CONTRACT PRODUCTS TO THE BUYER BASED ON CIF TERMS WITHIN *** OR LONGER PERIOD EXPRESSLY CONSENTED BY THE BUYER IN WRITTEN FROM THE DATE OF RECEIPT OF AFORESAID CLAIM. ALL OF THE COSTS AND FEES
INCURRED HEREUNDER FOR DELIVERY OF THE QUALIFIED CONTRACT PRODUCTS AS THE REPLACEMENT OF THE DEFICENT CONTRACT PRODUCTS SHALL BE BORN BY THE SELLER. IF THE SELLER FAILS TO ANSWER THE BUYER WITHIN THIS PERIOD, THE CLAIMS SHALL BE RECKONED AS HAVING
BEEN ACCEPTED BY THE SELLER. 
  

	12.	Transfer of the Title and Risks of the Loss 

 The title of the
Contract Products will transfer from the Seller to the Buyer once the Contract Products have been manufactured and the Buyer has paid the full payment for them, however, the risk of loss with respect to the Contract products by the Seller hereunder
will pass from the Seller to the Buyer upon delivery to the Buyer by the last carrier. 
  

	13.	Force Majeure: 

 Seller shall not be liable for any delays in the
delivery of orders, due in whole or in part, directly or indirectly to fire, act of God, strike, government order, riot and other serious natural disasters. Under such circumstances, the Sellers, however, are still under the obligation to take all
necessary measures to hasten the delivery of the goods. In case the accident lasts for more than ***, the Buyer shall have right to cancel the Contract. 
  
  

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

  

 6 

	14.	Liability for Accidents and Damage 

 The Seller shall indemnify the
Buyer in respect of all damage (including the damage to the Contract Product) or injury and all actions, claims and costs in connection therewith arising our of, in the course of or caused by the carrying out of the Contract provided always that the
same is due to any negligent act or omission of the Seller and its respective servants or agents or materials or workmanship. 
  

	15.	Arbitration and Applicable Law 

 All disputes arising from the
contract or the execution of the Contract shall be settled first between the Buyer and Seller in a friendly way. If the agreement can not be reached after friendly discussion, the disputes will be submitted to the China International Economic and
Trade Arbitration Commission (“CIETAC”) in SHANGHAI for arbitration. The arbitration will be carried out in accordance with the CIETAC’s arbitration rules in effect at the time of arbitration. The arbitral award is final and binding
upon both parties. The arbitration fees shall be borne by the losing party unless otherwise awarded by the Commission. 
 The construction, validity,
interpretation, performance, implementation and all matters relating to this Contract and any amendment thereto shall be governed by the United Nations Convention on Contracts For The International Sale Of Goods. To the extent the United Nations
Convention on Contracts For The International Sale Of Goods does not cover, PRC laws shall apply. 
  

	16.	

 This contract is made in both Chinese and English. Two original
copies of this contract will be held by the Buyer, the Seller respectively. If the English version and Chinese version of the contract differs, the English version shall prevail. 
  

	17.	Intellectual Property 

  

	(1)	No right shall be granted to Seller under any Buyer’s patent, copyrights and/or other intellectual property right except as may necessary to fulfill Seller’s obligations
under this Contract. 

  

	(2)	Similarly, the technical and commercial information provided by Seller is proprietary and confidential with the copyright remaining sole property of the Seller. It is not to be
disclosed to any third party other than the end-user who is to be advised of its confidential nature and restrictions of use. 

  

 7 

	(3)	Buyer agrees that all non-public information furnished to Buyer by Seller to Contract Products is proprietary to Seller and such information shall be held in confidence and shall
not be used or disclosed by Buyer without Seller’s prior written consent. Buyer shall enforce against its employees and agents these obligations of confidentiality. 

  

	(4)	The Seller warrants that it has the right and permission to supply to the Buyer the Contract Products, documentation and services in accordance with the terms of the Contract. The
Seller represents and warrants that (i) the Seller is the owner of the Contract Products and the documentation and has the right to provide or license, as applicable, to the Buyer such Contract Products, documentation and services in accordance
with the Contract (and that the Seller is duly authorized by any third party owner of any component the Contract Products and documentation to provide and to license to the Buyer, as applicable, such products, documentation and services in
accordance with this Contract) (ii) the Seller has determined that the Contract Products (including the methodologies and technologies used or produced by such Contract Products), documentation and services may be disclosed to the Buyer without
a valid claim of trade secret misappropriation by any party, (iii) the Contract Products (including the methodologies and technologies used or produced by such Contract Products), documentation and services (and Buyer’s receipt and use
thereof) do not infringe any third party patent, copyright, trademark, trade secret or other intellectual property right anywhere in the world, and (iv) the sale anywhere in the world of products created utilizing the Contract Products does not
infringe any third party patent, copyright, trademark, trade secret or other intellectual property right anywhere in the world. 

  

	(5)	The Seller shall indemnify the Buyer and its affiliates, and their respective officers, directors, agents and employees (the “Buyer Indemnified Parties”) from and against
any cost, loss, liabilities, charge, expense (including attorneys’ fees), damages and judgments suffered by any Buyer indemnified Party arising from or incurred by reason of any action, claim, demand or proceeding that any of the Contract
Products (including methodologies and technologies used or produced by such Contract Products), documentation and services provided by the Seller (or Buyer’s receipt and use thereof) misappropriates or infringes any patent, copyright,
trademark, trade name, trade secret or any other intellectual property right therein anywhere in the world, provided that the Buyer shall notice the Seller such action, demand or proceeding within a reasonable period and the Seller shall have the
right to take control of the defense against such action, claim, demand or proceeding at its own expense. 

  

 8 

	18.	*** 

  

	19.	Performance Bond 

  

	19.1	The seller shall provide the Buyer with a performance bond in favor of the Buyer, in a form written agreed by the Buyer, with the amount of *** of total price of the Contract
Product of Phase 1 and Phase 2A, issued by a reputable bank within *** after the execution of this Contract and the Performance Bond will expire when all the price of Contract Products of Phase 1 and Phase 2A is paid and the performance bond
submitted by the Seller to the Buyer pursuant to Clause 19.2 is effective. 

  

	19.2	The seller shall provide the Buyer with a performance bond in favor of the Buyer, in a form written agreed by the Buyer, with the amount of *** of total price of the Contract
Product of Phase 2B and Phase 3, issued by a reputable bank no late than the later date 1 July 2009 or all the price of Contract Products of Phase 1 and Phase 2A is paid, and the performance bond will expire when the warranty periods of all
Contract Product under this Contract expire. 

  

	20.	DELAYED DELIVERY AND PENALTY 

 IN CASE OF DELAYED DELIVERY, EXCEPT
FOR FORCE MAJCURE CASES OR THE NEGLIGENCE OF THE BUYER, THE SELLER SHALL PAY TO THE BUYER FOR EVERY WEEK OF DELAY A PENALITY AMOUNTING TO ***. ANY FRACTIONAL PART OF THE WEEK IS NOT TO BE CONSIDERED. THE TOTAL AMOUNT OF PENALITY SHALL NOT, HOWEVER,
EXCEED *** AND IS TO BE DEDUCTED FROM THE TOTAL VALUE OF THE DELAYED PRODUCTS. IN CASE 
  
  

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

  

 9 

 
THE PERIODE OF DELAY EXCEEDS *** AFTER STIPULATED DELIVERY DATE, THE BUYER HAS THE RIGHT TO TERMINATE THIS CONTRACT BUT THE SELLER SHALL NOT THEREBY BE
EXEMPTED FROM THE PAYMENT OF PENALITY. 
  

	21.	Training 

 The Seller shall provide, at a mutually agreed date
before the first installation or at latest until end of December 2008, *** free training in Switzerland for *** process engineer, *** maintenance engineer and *** chief operator of the Buyer. The Training will be conducted according to a standard
training syllabus which will be provided by the Seller and will be satisfactory by the Buyer. The China-Swiss transportation fees incurred by these employees will be born by the buyer, and the transportation in Switzerland and accommodation fees
will be born by the Seller. 
  

	22.	Customer Service 

 The Seller will have an installation and support
team continuously on site available during entire delivery period from Jan., 2009 to Dec., 2010. According to a continuous delivery schedule. In case of interruption due to Buyer’s reason, the seller is entitled to withdraw the installation
team until the installation restarts. 
 The team contains *** senior engineer and according to the need, *** additional engineers. The team who is
responsible to provide customer service to the Buyer will respond and provide relevant on site services in 24 hours upon the report of the Buyer. 
  

	23.	Termination of the Contract 

  

	(1)	Without prejudice to any rights and remedies to which the Buyer may be entitled, if Seller neglects to perform the Contract with due diligence and expedition, or refuses or neglects
to comply with any reasonable orders given to the Seller in writing by the Buyer in connection with the performance of the Contract, or contravenes the provisions thereof, or any stipulation in the Contract, the Buyer may give notice in writing to
the Seller to make good the neglect, refusal, or contravention complained of. 

  

	(2)	Should the Seller fail to comply with a notice given by the Buyer in accordance with Clause 23.1 within *** from the date of service thereof in the case of a failure, neglect of
contravention capable of being made good within that time, or otherwise within such time as may be reasonably necessary for making it good, then, and in such case the Buyer may forthwith suspend, or terminate the Contract or any part thereof by
notice in writing the Seller. 

  
  

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

  

 10 

	(3)	Without prejudice to any other rights or remedies to which the Buyer may be entitled, if the Seller become bankrupt or insolvent, or have a receiving order made against it, or
compound with its creditors, or be a corporation commence to be wound up (not being a member’s voluntary winding up for the purpose of amalgamation or reconstruction) or have a receiver or manager of its business appointed, the Buyer may after
written notice and when the Seller is not capable of performing this Contract either: 

  

	 	i)	terminate the Contract forthwith by notice in writing to Seller or to the receiver or liquidator or to any person in whom the Contract may become vested; or

  

	 	ii)	give such receiver, liquidator, or other person the option of carrying out the Contract subject to his providing a guarantee for the due and faithful performance of the Contract up
to an amount to be agreed. 

  

	24.	Assignment 

  

	(1)	The respective rights and obligations of either party hereto may be assigned with the prior written consent of the other party, except that the Seller may assign its rights to
receive payments under the Contract and the Buyer may assign its rights to receive goods under the Contract. 

  

	(2)	The Buyer may notify the Seller of the consignee within *** before the shipment of the Contract Products and the Buyer will make changes in the L/C to be issued under the Contract
accordingly. 

  

	25.	Special Provision: 

  

	(1)	In case the Buyer cancel the contract after signature of contract due to the Buyer’s reason, the Buyer is liable for compensation to the Seller at the rate of *** of the
contract value. The payment will be made by the end-user within *** after cancellation of contract. Vice versa, in case the seller cancels the contract due to seller’s reason, the seller will bear the compensation as stated above rate of *** of
the contract value. 

  
  

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

  

 11 

	(2)	If the Buyer fails, due to the Buyer’s reason, to install the Contract Products in time within *** after the arrival of Contract Equipment at Buyer’s Job-site, the
Contract Equipment has to be treated as accepted automatically and the Buyer must provide the balance of payment for the Equipment of the Contract to the Seller. 

  

	(3)	Both the Buyer and the Seller agree keep the contract content (price, quantity, delivery etc) strictly as confidential. It can only be released under mutual agreement by both
parties. 

  

	(4)	Buyer shall have the right to adjust the delivery schedule of the undelivered goods with the extent of adjustment of *** by giving a *** prior notice to the Seller.

 [Bellowing has no content and the following page is the execution page.] 
  
  

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

  

 12 

			
	The Buyers:	  	The Sellers:
		
	 JIANGSU ZHONGNENG
 POLYSILICON TECHNOLOGY
 DEVELOPMENT CO LTD.
	  	MEYER BURGER AG
		
	

	  	

 Attachments 1-5 are an integral part of the contract of MB-SHA2008025 and will be reviewed and confirmed by
written by the Seller and Buyer before shipment. 
 Attachment 1: System configuration 
 Attachment 2: Facility requirement/unit 
 Attachment 3: Unpacking, installation and commissioning 
 Attachment 4: Acceptance criteria 
 Attachment 5: Special service and support

  

 13 

 Attachment 1 to contract M Attachment 1 to contract MB-SHA2008025 
 Syste configuration *** 
  

							
				
	 ***
	  	 ***
	  	 ***
	  	 Basic machine including

		  		  		  	 Cutting unit
 *** mm or
 *** mm

				
		  		  		  	 Slurry supply system, incl.:
 ***

				
		  		  		  	 Wire tension system for wire spools TA*** TA *** and MB *** incl.
 ***

				
		  		  		  	 Controlling & electrical system
 ***

				
		  		  		  	 Controlled cooling circuits
 ***

				
		  		  		  	 Accessories
 ***

		  		  		  	Power supply
		  		  		  	 ***

		  		  		  	Tools
		  		  		  	***

  
  

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

  

 14 

 Attachment 2 to Contract MB-SHA2008025 
 *** Facility requirement/unit 
 Machine Dimension : 
  

			
	 Length/width/height (approx.):
	  	 ***

	 Total weight of machine:
	  	 ***

		
	Electric energy	  	
		
	 Voltage/Frequency:
	  	 ***

	 Maximum power consumption:
	  	 ***

	 Electric supply must be stable during machine running.
	  	***
		
	Compressed air	  	
		
	 Pressure:
	  	 ***

	 Quantity:
	  	 ***

		
	Air exhaust	  	
		
	 Quantity:
	  	 ***

		
	Cooling water	  	
		
	 Cooling water quantity:
	  	 ***

	 Temperature min./max.
	  	 ***

	 Pressure min./max.
	  	***
	 (Between water supply and water return must be a pressure difference of at least 2 bar.)
	  	
	 Cooling power:
	  	 ***

		
	Temperature	  	
		
	 Environment temperature:
	  	 ***

	 Temperature fluctuation during a complete cut:
	  	 ***

 Internet communication interface has to be available inside the workshop. 
  
  

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

  

 2 

 Attachment 3 to Contract MB-SHA2008025 
 Unpacking, Installation and Commissioning 
  

	1.	The installation and commissioning must be ready within *** after shipment. Within two weeks after receipt of the buyer’s written notice, Meyer Burger shall send engineer(s) to
the buyer’s site for installation, commissioning and acceptance test. The buyer guarantees that the equipment will only be unpacked with the presence of the seller unless it is required by the relevant Chinese authority. The buyer will inform
the seller of the date of Customs clearance so that the seller can present in the unpacking if it happens. The buyer shall provide the local transportation, working conditions, ingots and the consumable commodities for the installation,
commissioning and the finial acceptance test. 

  

	2.	Broad band for internet communication interface has to be available inside the workshop of the Buyer. In case the Buyer cannot equip the broad band available which cause the delay
of installation and service, the Buyer has to be responsible and pay the Seller additional cost caused by lack of broad band. 

  

 3 

 Attachment 4 to Contract MB-SHA2008025 
 Acceptance 
 Wire Saw *** 
 The Wire Saw will be checked and tested according to the relevant standards. 
  

	 	1.	Material of acceptance test: 

 ***

  

	 	2.	Target wafer thickness: *** 

  

	 	3.	Acceptance criteria 

 *** 
 *** 
 *** 
  

	 	6.	Conditions: 

 *** 
  

	 	7.	Sampling and measuring system 

 ***

  

	 	8.	Once a test fails to meet the acceptance requirement, both parties will study together the reason and one or two tests will be carried as soon as possible. 

 

	 	9.	After the acceptance test meets above standards, the acceptance certificate must be issued at once by the Buyer. 

  
  

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

  

 4 

 Attachment 5 to contract MB-SHA2008025 
 Special service and support 
 Factory layout and facility set up support 
 Meyer Burger will support the customer with project specialist for the planning of layout, facility and infrastructure set-up. 
 Service/Installation 
 Meyer Burger will have an installation and
support team continuously on site available during entire delivery period for 1st delivery ***, from Jan., 2009 continuously. The team contains one senior engineer and according to the need, *** additional engineers. This is under condition that
delivery schedule can be followed according to the contract stipulated. 
 Training 
 Based on concept “train the trainer”, Meyer Burger will organize on site training for key operators, process engineers, maintenance engineers in a way that they are capable to train their own staff.

 Training in Switzerland 
 The buyer will send *** engineers to be trained at Meyer +Burger AG, Switzerland prior to 1st shipment or before mid
of Dec., 2008. The international travel cost will be covered by the buyer. 
 Meyer +Burger will train the buyer’s engineers free of charge, including
local transportation and accommodation. The Seller shall provide the Chinese translation. It is suggested that at least one of trained engineers could speak English. 
 The buyer should provide the silicon ingots for trial cut during training period. The quantity of ingots should be discussed and confirmed by both parties. The quality of ingots should meet the relevant standards.

  
  

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

  

 5 

 The training period should be ***. 
 Workshop 
 Meyer Burger will organize an annual seminar with Meyer Burger senior experts at the customer site to update the customer’s
key persons on the latest development and know-how. 
 Joint development agreement 
 Meyer Burger is willing to enter a joint development agreement with the customer to improve the quality, performance and yield along the process chain. Possible topic could be: 
  

	1.	Increase utilization of material to reach Silicon consumption below *** 

  

	2.	Increase the wafer line yield from *** up to *** 

  

	3.	Reduce cost of ownership especially consumable cost along the latest technology. 

 Other topics can be agreed among both parties. 
 Spare parts and repair 
 Beside on site engineers, Meyer Burger will maintain a repair service center in Wuxi and Shanghai, to repair parts with reduced down time. 
 Meyer Burger will deliver a *** with value around *** CHF at the customer site as first level support, to reduce down time, additional to this, Meyer Burger maintains an Asia spare parts inventory in Shanghai.

 Latest technology 
 Meyer Burger continuously develops
machine and process technology to reduce cost of ownership, increase performance and material utilization. This will be introduced to the customer and if needed and agreed, the parties will find a solution to adjust the specification as in the
contract described. 
  
  

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

  

 6 

 Latest wafer line technology 
 Meyer Burger will continuously inform the customer about latest technology to reach and optimize the material flow along the wafer line according to latest development. 
  

 7

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