Document:

ex10_56.htm

    
      

    

    Exhibit
10.56

     

    In
Madrid, on the 21st day of
November, 2007

    

    APPEARING
PARTIES

    

    
      	
              (1)

            	
              SUNPOWER ENERGY SYSTEMS SPAIN,
      S.L. (hereinafter, the “Contractor”), with a
      registered office in Madrid, at calle Pradillo no
  5.

            

    

    

    
      	
              (2)

            	
              NATURENER SOLAR TINAJEROS,
      S.L.U. (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-85128781.

            

    

    

    
      	
              (3)

            	
              MORALAS RENOVABLES, S.L.
      NATURENER SOLAR
      TINAJEROS, S.L.U. (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-79136636.

            

    

    

    
      	
              (4)

            	
              ALMURADIEL SOLAR, S.L.
      NATURENER SOLAR
      TINAJEROS, S.L.U. (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-82299587.

            

    

    

    Hereinafter,
the companies mentioned in paragraphs (1) to (4) above, will be jointly referred
to as the “Parties”.

     

    ESTATE

    

    That
according to the following contracts (hereinafter, the “Construction
Contracts”):

    

    
      	
               
      

            	
              -

            	
              Turnkey
      construction contract entered into between SunPower Energy Systems Spain,
      S.L. and NATURENER SOLAR TINAJEROS, S.L. on November 6, 2007, for the
      construction of a solar park in Albacete, consisting of one hundred (100)
      Solar Facilities of 100kW each.

            

    

    

    
      	
               
      

            	
              -

            	
              Turnkey
      construction contract entered into between SunPower Energy Systems Spain,
      S.L. and MORALAS RENOVABLES, S.L. on November 6, 2007, for the
      construction of a solar park in Manzanares, consisting of fifty (50) Solar
      Facilities of 100kW each.

            

    

    

    
      	
               
      

            	
              -

            	
              Turnkey
      construction contract entered into between SunPower Energy Systems Spain,
      S.L. and ALMURADIEL SOLAR, S.L. on November 6, 2007, for the construction
      of a solar park in Almuradiel, consisting of twenty five (25) Solar
      Facilities of 100kW each.

            

    

    

    The
Parties have decided to replace the date of November 23, 2007 set forth in
Section 3(3) of all the Construction Contracts, by the date of November 30,
2007. Consequently as of the date hereof, it will be understood that all
references made in Section 3(3) of the Construction Contracts to November 23,
2007, shall be replaced by November 30, 2007.

     

    And in
witness whereof, the Parties execute this Contract in the place and on the date
first set forth above.

     

    
      	 	
               

            	 	
               

            
	
              NATURENER
      SOLAR TINAJEROS, S.L.

            	
              SUNPOWER
      ENERGY SYSTEMS SPAIN, S.L.

            
	
              MORALAS
      RENOVABLES, S.L.

            	
              Signed:
      Mr. Marco Antonio Northland

            
	
              ALMURADIEL
      SOLAR, S.L.

            	 
      
	
              Signed:
      Mr. Juan Carlos Sirviente Rodrigoex10_57.htm

    
      
        

      
Exhibit 10.57

    

     

    ***CONFIDENTIAL
TREATMENT REQUESTED – CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED
AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION***

    

     

    In
Madrid, on the 29th day of
November, 2007

    

    APPEARING
PARTIES

    

    
      	
              (1)

            	
              SUNPOWER ENERGY SYSTEMS SPAIN,
      S.L. (hereinafter, the “Contractor”), with a
      registered office in Madrid, at calle Pradillo no
  5.

            

    

    

    
      	
              (2)

            	
              ALMURADIEL SOLAR, S.L.
      (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-82299587.

            

    

    

    Hereinafter,
the companies mentioned in paragraphs (1) and (2) above, will be jointly
referred to as the “Parties”.

    

    RECITALS

    

    
      	
               
      

            	
              I.

            	
              That
      on November 6, 2007, Contractor and Owner entered into a turnkey
      construction contract for the construction of a solar park in Almuradiel,
      consisting of 25 Solar Facilities of 100kW each, which was amended by
      virtue of another agreement entered into among others, by the Contractor
      and the Owner on November 21, 2007 (hereinafter, jointly, the “Construction
      Contract”).

            

    

    

    
      	
               
      

            	
              II.

            	
              That
      the Construction Contract included:

            

    

    

    
      	
               
      

            	
              (i)

            	
              The
      Owner’s undertaking to provide Contractor with the definitive geotechnical
      report about the Site, so that Contractor confirms the modifications in
      the Scope of Work and/or the Contract Price that may arise from the terms
      of said geotechnical report;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              A
      reference stating that the prices of the perimeter fences and the
      monitoring system (Scada) of the tracker hubs were not included in the
      Contract Price and therefore, the inclusion thereof in the Scope of Work
      shall be conditioned upon Contractor’s delivery to Owner of an offer to
      perform such works and the issuance of a Change Order agreeing to a new
      Contract Price including such
items.

            

    

    

    
      	
               
      

            	
              (iii)

            	
              The
      need of reviewing the Technical Specifications attached as Annex 2 to the
      Construction Contract by
Contractor.

            

    

    

    
      	
               
      

            	
              III.

            	
              That
      Owner has provided Contractor with the geotechnical report established in
      paragraph (i) of Recital II above and the Technical Specifications, and
      that the Parties have reached an agreement on the price of the perimeter
      fences and the monitoring system (Scada) of the tracker
    hubs.

            

    

    

     

    
      
        	 	 *** CONFIDENTIAL MATERIAL REDACTED AND
      

                SEPARATELY FILED WITH THE COMMISSION***

              	
                 1

              

      

       

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    
      	
               
      

            	
              IV.

            	
              That
      in order to formalize the agreement reached by the Parties on the issues
      mentioned in Recitals II and III above, the Parties have decided to enter
      into this Contract which shall be ruled by the
  following

            

    

    

    CLAUSES

    

    
      	
              1.

            	
              DEFINED
      TERMS

            

    

    

    All
capitalized terms which are not expressly herein defined, shall have the same
meaning set forth in the Construction Contract.

    

    
      	
              2.

            	
              AMENDMENTS
      AND ADDENDA TO THE CONSTRUCTION
CONTRACT

            

    

    

    
      	
              (1)

            	
              Geotechnical
      report: Contractor hereby acknowledges to have received the Site’s
      definitive geotechnical report and to agree with it, and consequently, as
      of this date, all the representations made in Section 3(4) of the
      Construction Contract regarding the Site, are enforceable, being those
      representations hereby granted by Contractor for the benefit of Owner.
      Nevertheless, Owner accepts that the Site’s conditions derived from said
      geotechnical report require an increase of *** in the Contract
      Price.

            

    

    

    
      	
              (2)

            	
              Perimeter fences and
      monitoring system: The Parties undertake to increase the Contract
      Price in ***, which include the price requested by Contractor in order to
      carry out the perimeter fences (***) and the monitoring system (Scada) of
      the tracker hubs (***).

            

    

    

    
      	
              (3)

            	
              Technical
      Specifications: Contractor hereby declares to have reviewed the
      Technical Specifications that were attached as Annex 2 to the Construction
      Contract, and to agree with them, not requiring their content to carry out
      any amendment to the Construction
Contract.

            

    

    

    
      	
              (4)

            	
              As
      a consequence of the above, the Parties agree to amend the following terms
      of the Construction Contract:

            

    

    

    
      	
               
      

            	
              (i)

            	
              References
      made in Section 4.1(1) of the Construction Contract to the Contract Price,
      shall be understood to be replaced by ***,
      being the Contract Price consequently amended for all effects set forth
      under the Construction Contract.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              The
      amount established in Section 4.2(i) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

     

    
      
        	 	  *** CONFIDENTIAL MATERIAL REDACTED AND
      

                SEPARATELY FILED WITH THE COMMISSION***

              	
                2

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      	
                              
      

            	
              (iii)

            	
              The
      amount established in Section 4.2(ii) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

    For
purposes of clarification, Contractor acknowledges that the inclusion of the
perimeter fences and the monitoring system in the Scope of Work does not imply a
different amendment to the one mentioned above (and, particularly it does not
imply a modification in the time terms established in the Construction
Contract).

    

    
      	
              3.

            	
              VALIDITY
      OF THE CONSTRUCTION CONTRACT

            

    

    

    The
Construction Contract is fully enforceable for those parts which have not been
expressly amended by virtue of this Contract.

    

    
      	
              4.

            	
              LAW
      AND JURISDICTION

            

    

    

    
      	
              (1)

            	
              This
      Contract and all issues that may arise between the Parties in relation
      hereto or in connection herewith shall be exclusively governed by
      generally applicable Spanish legislation (Ley española común), to
      which Contractor and Owner expressly
submit.

            

    

    

    
      	
              (2)

            	
              The
      Parties agree that any litigation, dispute, issue or claim resulting from
      the performance or interpretation of this Contract, or directly or
      indirectly related hereto, shall be definitively resolved by arbitration
      at law before the Civil and Commercial Court of Arbitration (Corte Civil y Mercantil de
      Arbitraje) (CIMA) of Madrid in
      accordance with the Procedural Regulations (Reglamento de
      Procedimiento) thereof.

            

    

    

    
      	
              (3)

            	
              The
      Arbitral Tribunal shall be composed of three (3) arbitrators appointed
      from CIMA’s list of arbitrators: one by Contractor and the other by Owner,
      and the two arbitrators so appointed shall appoint the third one, who
      shall act as chairman of the arbitral tribunal. Should the two first
      arbitrators fail to reach an agreement on the appointment of the third
      arbitrator within ten (10) Business Days following the date of acceptance
      of office by the second arbitrator, such arbitrator shall be appointed by
      CIMA.

            

    

    

    
      	
              (4)

            	
              The
      arbitration shall be conducted, and the award shall be rendered, in Madrid
      (Spain) and in the Spanish
language.

            

    

    

    
      	
              (5)

            	
              The
      Parties therefore expressly waive any other jurisdiction to which they may
      be entitled under Law, and commit to abide by and submit to the
      arbitration award that may be
rendered.

            

    

    

    
      	
              (6)

            	
              The
      Parties expressly waive any other jurisdiction that may apply and submit
      to the jurisdiction of the Courts and Tribunals of the city of Madrid for
      any litigation, dispute or claim that by mandate of law may not be
      resolved by, or submitted to, the arbitration provided under this Clause
      or, if applicable, for the formalization of the arbitration or the
      enforcement of the arbitral award.

            

    

    
       

       

      
        
          	 	  *** CONFIDENTIAL MATERIAL REDACTED AND
      

                  SEPARATELY FILED WITH THE COMMISSION***

                	
                   3

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    In
witness whereof, the Parties execute this Contract in the place and on the date
first set forth above.

    

    

    
      	
              ____________________________

            	
              __________________________

            
	
              ALMURADIEL
      SOLAR, S.L.U.

            	
              SUNPOWER
      ENERGY SYSTEMS SPAIN, S.L.

            
	
              Signed:
      Mr. Juan Carlos Sirviente
      Rodrigo

            	
              Signed:
      Mr. Marco Antonio Northland

            

    

    

     

    
      
        	 	 *** CONFIDENTIAL MATERIAL REDACTED AND
      

                SEPARATELY FILED WITH THE COMMISSION***

              	
                4

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