Document:

Master Solar Module Sales Agreement

 Exhibit 10.1 
 [*] Designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission. 

MASTER SOLAR MODULE SALES AGREEMENT 
 THIS MASTER SOLAR MODULE SALES AGREEMENT (this “Agreement”) is entered into as of November 9, 2011 by and between KDC Solar Credit LS LLC, a New Jersey limited liability company
(“Buyer”), and Solar Power, Inc., a California corporation (“Seller”). Buyer and Seller are referred to herein individually as a “Party” and collectively as the “Parties”.

 RECITALS 
 A. Buyer through its Affiliates is developing multiple photovoltaic solar electric energy generation projects in New Jersey (the “Projects”). 

B. Seller sells photovoltaic solar modules that convert photons in light to electricity (the “Modules”). 

C. In connection with the Projects, Buyer desires to purchase Modules from Seller, and Seller desires to sell Modules to Buyer, all as
more particularly described herein. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties
hereby agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND INTERPRETATION 
 1.1 Definitions. Capitalized terms
used in this Agreement without other definition shall have the meanings set forth below: 
 “Affiliate” means,
with respect to any entity, another entity which controls, is controlled by, or is under common control with the first entity. For purposes of this definition “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any entity, means the possession, directly or indirectly through one or more intermediaries, of any of the following with respect to another entity (a) the legal or
beneficial ownership of more than 50% of the economic interest in such entity, (b) the power to elect more than 50% of the directors, managers or other voting members of the governing body of such entity or (c) the legal or beneficial
ownership of more than 50% of the voting securities (or equivalent voting interests) in such entity. 
 “Buyer”
has the meaning set forth in the preamble to this Agreement. 

  
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 “Contract Amount” has meaning set forth in Section 3.1.

 “Day” means a calendar day. 
 “Delayed Payment Rate” means a rate of interest of 2% per year above the interest rate specified in Section 3.1, or the maximum rate permitted by applicable Law, whichever is
less. 
 “Event of Default” has the meaning set forth in Section 8.1. 

“Laws” means all laws, statutes, treaties, ordinances, codes, judgments, decrees, directives, guidelines, policies,
injunctions, writs, orders, rules, regulations, interpretations, licenses, permits and other approvals with, from or of any governmental authority having jurisdiction over the Modules, the applicable Project and this Agreement and each other
document, instrument and agreement delivered hereunder or in connection herewith, including those relating to health, safety or the environment. 
 “Module” has the meaning set forth in the recitals. 

“Payment Security Agreement” means a Purchase Money Security Agreement between the Parties substantially in the form
attached hereto as Exhibit B. 
 “Seller” has the meaning set forth in the preamble to this Agreement.

 “Specifications” means the specifications for the Modules set forth in Exhibit A. 

“Standards and Codes” means, collectively, UL 1703, IEC 61730, IEC 61215, CEC, Class C Fire Rating and IEC labeled for
application at up to 1000V maximum system voltage. 
 1.2 Rules of Interpretation. The Rules of Interpretation set forth
below shall apply to this Agreement: 
 (a) The terms “herein,” “herewith” and “hereof” are
references to this Agreement. 
 (b) The term “includes” or “including” shall mean “including, without
limitation”. 
 (c) References to a “Section,” “subsection,” “clause,” “Article” or
“Exhibit” shall mean a Section, subsection, clause, Article or Exhibit of this Agreement, as the case may be, unless in any such case the context requires otherwise. 
 (d) All references to an agreement, instrument or other document, or to any Law, Standard or Code, shall be a reference to such agreement, instrument or other document, or to such Law, Standard or Code,
modified, amended, supplemented or restated from time to time. 

  
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 (e) Reference to a person or party includes its successors and permitted assigns.

 (f) The singular shall include the plural and the masculine shall include the feminine and neuter, and vice versa.

 (g) Where the words “required,” “approved,” “satisfactory,” “determined,”
“acceptable,” “decision,” or words of like import are used in this Agreement, action by Buyer is indicated unless the context clearly indicates otherwise. 
 (h) References to “dollar” or “$” are to US dollars. 
 ARTICLE
2 
 PURCHASE AND SALE OF MODULES 
 Buyer hereby purchases from Seller and Seller hereby sells to Buyer 128,139 Modules conforming to the Specifications on the terms and conditions set forth in this Agreement. The Modules purchased pursuant
to this Agreement shall consist of (a) 10,474 LDK-230P-20 Modules, (b) 93,108 LDK-235P-20 Modules, (c) 10,349 LDK-250D-20 Modules, (d) 5,867 LDK-260P-20 Modules, and (e) 8,341 LDK-280P-24 Modules. 

ARTICLE 3 

CONTRACT PRICE AND PAYMENT TERMS 
 3.1 Contract Amount. The price for each Module shall be equal to (a) $[*] per watt plus (b) interest on such amount at the rate of [*] percent ([*]%) per year from the date that is thirty
(30) Days after the date that title to such Module passes from Seller to Buyer pursuant to Section 4.2 until the date such amount is paid pursuant to Section 3.3 (the “Contract Amount”). 

3.2 Full Compensation. The Contract Amount is the complete compensation for the provision of all Modules purchased by Buyer and
includes (a) all sales, use, export, import, customs and other taxes, duties, tariffs and other similar amounts levied or assessed under any law, rule or regulation in any applicable jurisdiction up to the point of title transfer and delivery
as set forth in Section 4.1, (b) all packaging, transportation, shipping, transit, insurance and similar costs and charges of Seller, and (c) all licensing fees, royalties or other similar charges, in each case of any and all
kinds imposed with respect to the provision of any Modules or otherwise with respect to the transactions contemplated hereby, including any increases in any of the same during the term of this Agreement. 

3.3 Payment Schedule. Buyer shall pay Seller the Contract Amount in [*] ([*]) installments: (a) [*] percent ([*] %) of the
Contract Amount by [*] ([*]) Days from the date of this Agreement, (b) [*] percent ([*] %) of the Contract Amount by [*] ([*]) Days from the date of this Agreement and (c) [*] percent ([*] %) of the Contract Amount by [*] ([*]) Days from
the date of this Agreement. 

  
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 3.4 Payment. On each payment date set forth in Section 3.3, Buyer shall
pay Seller the full amount of the Contract Amount then due. All payments to Seller shall be made by wire transfer to the account of Seller as Seller shall designate by written notice to Buyer. 

3.5 Late Payments. If there is a dispute regarding any amount payable hereunder, the amount not in dispute shall be promptly paid
as described in this Article 3, and any disputed amount which is ultimately determined to be payable shall be paid with interest, at the Delayed Payment Rate, from the date due to the date of payment. 

ARTICLE 4 

DELIVERY, TITLE, INSPECTIONS AND RISK OF LOSS 
 4.1 Delivery of Modules and Packaging. Seller shall deliver the Modules to Buyer on or prior to December 21, 2011. Seller, at its own cost and expense, shall be responsible for arranging
delivery of the Modules to Buyer FCA (Incoterms 2010) to Yantian (Nanchang), China and Yangshan (Suzhou), China. Seller shall provide such assistance as may be reasonably requested by Buyer at Buyer’s expense in arranging for further
transportation of the Modules from such port to the United States. Seller shall package, mark and handle the Modules in accordance with prudent commercial practices in the United States solar industry. All packaging (inner and outer cartons) shall
identify the contents by manufacturing model number and serial number for each Module contained in such packaging, and all labeling shall be bar-coded. Seller shall also provide the following with the Modules: (a) installation manual,
(b) specification sheet, (c) flash test data for each Module and (d) UL/IEC certification. 
 4.2 Transfer and
Warranty of Title. Title to each Module shall pass from Seller to Buyer upon delivery of such Module to Buyer’s FCA logistics provider at the ports described in Section 4.1 in accordance with the terms of this Agreement. Seller
warrants good title to all Modules furnished hereunder, and Seller warrants that title and ownership thereto shall pass to and vest in Buyer as described in this Section 4.2 free and clear of any and all liens, claims, charges, security
interests, encumbrances and rights of other persons other than those arising (a) as a result of any actions of Buyer or its Affiliates and (b) pursuant to the Payment Security Agreement. 

4.3 Delivery Inspections. Buyer may reject any Module if, after visual inspection thereof prior to delivery under
Section 4.1, it appears in Buyer’s reasonable judgment that any portion thereof is materially damaged or such Module is not the Module ordered. All other Modules shall be deemed accepted by Buyer upon delivery, subject to
Buyer’s rights under the LDK warranty which is attached Exhibit C. If Buyer rejects any Module, such Module shall not be delivered to Buyer pursuant to Section 4.1 and Seller shall replace the rejected Module and deliver a
replacement Module (in the same manner as specified in Section 4.1) within 30 Days after Buyer’s written notice of rejection but in all events prior to December 31, 2011. 

  
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 4.4 Risk of Loss. Care, custody and control of the Modules, and risk of loss to the
Modules, shall transfer from Seller to Buyer in accordance with the Incoterms (2010) designation “FCA”. 
 ARTICLE
5 
 WARRANTIES 
 LDK Solar Co., Ltd. (“LDK”) provides the warranties for the Modules set forth in Exhibit C. Notwithstanding anything to the contrary set forth in Exhibit C, Seller shall
obtain from LDK the obligation, and shall pass such obligation to Buyer that all warranty periods with respect to a Module shall commence upon delivery of such Module to an installation site but not later than twenty-four (24) months from the
date of delivery. EXCEPT AS SET FORTH IN THIS ARTICLE 5, NEITHER SELLER NOR LDK MAKES ANY OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE OR USE. 

ARTICLE 6 

INDEMNIFICATION 
 6.1 General Indemnity by Seller. Seller shall fully indemnify, hold harmless, release and defend Buyer and its Affiliates and their respective representatives, agents and employees (“Buyer
Parties”) from and against any and all actions, claims, demands, damages, disability, losses, expenses (including reasonable attorneys’ fees and other defense costs) and liabilities of any nature (including property damage and personal
and bodily injury, sickness and disease) to the extent caused by (a) Seller’s (i) breach of any obligation, representation or warranty contained herein, and/or (ii) negligence or willful misconduct (including any such breach,
negligence or willful misconduct by Seller’s officers, employees, subcontractors and agents) or (b) any tariffs or similar charges imposed in respect of the Modules as a result of any trade case filed against Seller or LDK for improper
pricing and exporting of Modules to the United States or government support of the solar panel industry in China. 
 6.2
General Indemnity by Buyer. Buyer shall fully indemnify, hold harmless, release and defend Seller and its Affiliates and their respective officers, employees, and agents from and against any and all actions, claims, demands, damages,
disability, losses, expenses (including reasonable attorneys’ fees and other defense costs) and liabilities of any nature (including property damage and personal and bodily injury, sickness and disease) to the extent caused by Buyer’s
(a) breach of any material obligation, representation or warranty contained herein, and/or (b) negligence or willful misconduct (including any such breach, negligence or willful misconduct by Buyer’s officers, employees,
subcontractors and agents). 
 6.3 Proprietary Rights. Seller shall defend, indemnify and hold harmless the Buyer Parties
from any claim of any third party that any Module furnished under this Agreement infringes any patent, copyright or other intellectual property rights of any type. Seller shall, at its own expense and option, either (a) settle or defend the
claim or 

  
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any suit or proceeding and pay all damages and costs awarded in it against any Buyer Party, (b) procure for Buyer, or reimburse Buyer for procuring, the right to continue using the
infringing Module or (c) modify or replace the infringing Module so that it becomes non-infringing, in each case in a manner and time period reasonably acceptable to Buyer. 

6.4 Term of Indemnities. Notwithstanding any other provision in this Agreement to the contrary, the indemnification obligations
and rights set forth in this Article 6 shall survive the expiration or other termination of this Agreement, and Buyer’s acceptance of Modules shall not be construed to relieve either Party of any obligation under this Article 6.

 ARTICLE 7 
 COMPLIANCE WITH LAWS AND STANDARDS AND CODES 
 Seller shall at all times
comply, and shall assure that the Modules at the time of delivery comply, in all material respects, with all Laws and Standards and Codes applicable to the design and/or manufacture of the Modules, the delivery thereof, and the performance by Seller
of its other obligations hereunder, including all Laws and Standards and Codes relating to hazardous, toxic and similar substances and the protection of the environment. 
 ARTICLE 8 
 DEFAULT AND TERMINATION 

8.1 Events of Default. Each of the following events in respect of a Party shall be an “Event of Default” with
respect to the such Party: 
 (a) Such Party fails to make payment of any amount when due under this Agreement
(other than amounts disputed in good faith) as required to be made by such Party which failure continues for 5 Days after receipt of written notice of such non-payment from the other Party; 

(b) Such Party fails to cure a material default in the performance of its obligations under this Agreement not otherwise
specifically addressed in this Section 8.1 within 10 Days after receipt of written notice of the particulars of such material default from the other Party; 

(c) If any representation, or warranty made by such Party herein was materially false misleading when made, and such Party
fails to remedy such materially false or misleading representation or warranty and to make the other Party whole for any consequences thereof within 30 Days after receipt of written notice of the particulars of such materially false or misleading
representation or warranty from the other Party; or 
 (d) If such Party files a petition in bankruptcy, files a
petition seeking reorganization, arrangement, composition or similar relief, or makes an assignment for the benefit of creditors, or if any involuntary petition or proceeding under bankruptcy or insolvency laws is instituted against such Party and
not stayed, enjoined or discharged within 90 Days. 

  
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 8.2 Remedies for Event of Default by Buyer. 

(a) In the event of an Event of Default by Buyer, Seller shall have the right to terminate this Agreement by giving
written notice to Buyer. Any such termination shall be without prejudice to any other right or remedy Seller may have under this Agreement or at Law or in equity with respect to the obligations of Buyer hereunder (including the remedy of contract
damages), and no such remedy of Seller shall be exclusive of any other remedy. 
 (b) In the event of an Event of
Default by Buyer pursuant to Section 8.1(a) in respect of the payment of the Contract Amount for a quantity of Modules, Seller may in its sole discretion elect to exercise all rights and remedies under the Payment Security Agreement in
respect of such quantity of Modules. If Seller elects to exercise its rights under the Payment Security Agreement, Seller shall use commercially reasonable efforts to dispose of the collateral thereunder by public sale, in accordance with the
provisions of the Payment Security Agreement and the applicable provisions of the Uniform Commercial Code (“UCC”). Seller shall have the right to participate in any such sale and credit bid the Contract Amount in respect of such
quantity of Modules and the reasonable expenses of collection and enforcement, including, attorney’s fees and legal expenses. Cash proceeds from any such sale shall be applied in the following order: (i) the reasonable expenses of
collection and enforcement, including, attorney’s fees and legal expenses, (ii) the satisfaction of the Contract Amount obligation which shall include interest at the Delayed Payment Rate through and including the date of sale and
(iii) any surplus paid to Buyer. 
 8.3 Termination for Event of Default by Seller. In the event of an Event of
Default by Seller, Buyer shall have the right to terminate this Agreement by giving written notice to Seller. Any such termination shall be without prejudice to any other right or remedy Buyer may have under this Agreement or at Law or in equity
with respect to the obligations of Seller hereunder (including the remedy of contract damages), and no such remedy of Buyer shall be exclusive of any other remedy. 
 ARTICLE 9 
 REPRESENTATIONS AND WARRANTIES OF PARTIES 

9.1 Representations by Seller. Seller hereby represents and warrants to Buyer as follows: 

9.1.1 Due Organization; Good Standing. Seller is a corporation duly organized, validly existing and in good
standing under the laws of California. No action relating to the insolvency, liquidation or suspension of payments of Seller has been taken. 

  
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 9.1.2 Due Authorization. The execution, delivery and performance of
this Agreement by Seller have been duly authorized by all necessary corporate action and do not and will not require the consent of any trustee or holder of any indebtedness or other obligation of Seller or any other party to any other contract with
Seller except for any consents that have been obtained. 
 9.1.3 Execution and Delivery. This Agreement
has been duly executed and delivered by Seller. This Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency or similar laws affecting creditors’ rights generally and by general equitable principles. 
 9.1.4 Governmental Approvals. No governmental authorization, approval, order, license, permit franchise or consent, and no registration, declaration or filing with any governmental authority is
required on the part of Seller in connection with the execution, delivery and performance of this Agreement except those which have already been obtained or which Seller anticipates will be timely obtained in the ordinary course of performance of
this Agreement and before being required by applicable Law. 
 9.1.5 No Conflict. The execution, delivery
and performance by Seller of this Agreement will not conflict with or cause any default under (a) its organizational documents, (b) any indebtedness or other obligation of it or any contract to which it is a party or by which it or its
properties may be bound or (c) as of the date hereof, any applicable Law governing Seller or its performance hereunder; and will not subject the Buyer or any Project or any component thereof (including the Modules) to any lien or encumbrance
other than as contemplated or permitted by this Agreement. 
 9.1.6 Intellectual Property Rights. Without
limiting Seller’s obligations pursuant to Section 11.1, the Modules to be supplied by Seller under this Agreement, and Buyer’s intended use of such Modules in the Projects as described herein, do not and will not violate or
infringe any intellectual property rights or other rights of third parties. 
 9.1.7 Purchase Order with
LDK. Within three (3) Days of the date of this Agreement, Seller shall order the Modules which are the subject of this Agreement from LDK and provide a copy of the purchase order to Buyer. Other than the price for the Modules, such purchase
order shall incorporate and include the same terms and conditions as between Seller and LDK as set forth in Articles 2-7 and Section 11.1 of this Agreement and state that Buyer is an intended third party beneficiary of such terms.
Notwithstanding any other provision of this Agreement, including, without limitation, the provisions of Article 8, Buyer shall have three (3) Days after Seller provides a copy of the purchase order with LDK to Buyer to accept or reject the
terms of the purchase order. In the event that Buyer rejects such purchase order, the sole remedy and right of Buyer shall be to 

  
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terminate this Agreement within such three (3) Day period, and neither Buyer nor Seller shall have any further rights, remedies, or obligations to each other under this Agreement. In the
event that Buyer accepts the terms of the purchase order, the purchase order shall be deemed to comply with all of the requirements set forth under this Section 9.1.7. In the event that Buyer does not respond within such three (3) Day
period, Buyer shall be deemed to have accepted the purchase order under this provision. 
 9.2 Representations by Buyer.
Buyer hereby represents and warrants to Seller as follows: 
 9.2.1 Due Organization; Good Standing. Buyer
is a limited liability company duly organized, validly exiting and in good standing under the laws of the State of New Jersey. No action relating to the insolvency, liquidation or suspension of payments of Buyer has been taken. 

9.2.2 Due Authorization. The execution, delivery and performance of this Agreement by Buyer have been duly
authorized by all necessary company action and do not and will not require the consent of any trustee or holder of any indebtedness or other obligation of Buyer or any other party to any other contract with Buyer, except for any consents that have
been obtained. 
 9.2.3 Execution and Delivery. This Agreement has been duly executed and delivered by
Buyer. This Agreement constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting
creditors’ rights generally and by general equitable principles. 
 9.2.4 Governmental Approvals. No
governmental authorization, approval, order, license, permit, franchise or consent, and no registration, declaration or filing with any governmental authority is required on the part of Buyer in connection with the execution, delivery and
performance of this Agreement except those which have already been obtained or which Buyer anticipates will be timely obtained in the ordinary course of performance of this Agreement and before being required by applicable Law. 

9.2.5 No Conflict. The execution, delivery and performance by Buyer of this Agreement will not conflict with or
cause any default under (a) its organizational documents, (b) any indebtedness or other obligation of Buyer or any contract to which Buyer is a party or by which it or its properties may be bound or (c) as of the date hereof, any
applicable Law governing Buyer or the performance of its obligations hereunder. 

  
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 ARTICLE 10 
 DISPUTE RESOLUTION 
 10.1 Good Faith Negotiations. If any question,
dispute, difference or claim arises out of or in connection with this Agreement, including any question regarding its existence, validity, performance or termination (a “Dispute”), which either Party has notified to the other,
senior management personnel from each Party shall meet and diligently attempt in good faith to resolve the Dispute for a period of thirty (30) Days following one Party’s written request to the other Party for such a meeting. If, however,
either Party refuses or fails to so meet, or the Dispute is not resolved by negotiation during such 30-Day period, the provisions of Section 10.2 shall apply. 
 10.2 Venue and Jurisdiction of Legal Action or Proceeding. With respect to any Dispute that is not settled to the mutual satisfaction of the Parties pursuant to Section 10.1, the
claiming Party shall have the right to commence binding arbitration in Somerset County, New Jersey pursuant to the Construction Industry Rules of the American Arbitration Association (AAA). However, notwithstanding that AAA Rules may provide
otherwise, the Parties agree that the prevailing party, as determined by the AAA arbitrator(s), shall be entitled to an award of its counsel fees, arbitrators’ fees and AAA charges. 

ARTICLE 11 

MISCELLANEOUS 
 11.1 Grant of License Regarding Intellectual Property Rights. Seller hereby grants to Buyer and its successors and permitted assigns a continuing, non-exclusive, transferable and irrevocable right
and license, for so long as any of them has any rights of ownership in or to the Modules, and on a royalty-free basis, to import, purchase, install, use, operate, maintain, repair and sell the Modules. 

11.2 Applicable Law. This Agreement, and the rights and obligations of the Parties and any dispute arising under or relating
thereto (whether in contract, tort or otherwise), shall be governed by, and construed in accordance with, the laws of the State of New Jersey, without giving effect to the conflict of law rules thereof or any other statute or doctrine that might
call for the application of the laws of any other jurisdiction. 
 11.3 Assignment. Buyer shall have the right to assign
this Agreement in whole or in part or any Modules, with notice to, but without the consent of Seller to any Affiliate who agrees unconditionally to assume in writing all the obligations under this Agreement and the Payment Security Agreement with
regard to any Modules sold, transferred or assigned hereby. A copy of such assumption shall be provided with any notice of assignment hereunder. 
 11.4 Severability. The invalidity of one or more phrases, sentences, clauses, sections or articles contained in this Agreement shall not affect the validity of the remaining portions of this
Agreement so long as the material purposes of this Agreement can be determined and effectuated. 

  
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 11.5 Amendments. No change, amendment or modification of this Agreement shall be
valid or binding upon the Parties unless such change, amendment or modification shall be in writing and duly executed by the Parties. 
 11.6 Non-Waiver. Any failure of any Party to enforce any of the provisions of this Agreement or any decision or failure to require compliance with any of its terms at any time during the pendency
of this Agreement shall in no way affect the validity of this Agreement, or any part hereof, and shall not be deemed waiver of the right of such Party thereafter to enforce any and each such provision. 

11.7 Successors and Assigns. Subject to Section 11.3, this Agreement shall be binding upon and inure to the benefit of
the Parties, their successors and permitted assigns. 
 11.8 Counterparts and Execution. This Agreement may be signed in
any number of counterparts and each counterpart shall represent a fully executed original as if signed by both Parties. Delivery of this Agreement may be accomplished by means of an exchange of facsimile or e-mailed signatures with original copies
to follow by mail or courier service. 
 11.9 Notices. Notices and other communications by either Party under this
Agreement shall be deemed given when sent either by (a) upon personal delivery, (b) two (2) business days after the deposit with the US Postal Service, postage prepaid registered or certified mail, return receipt requested,
(c) one (1) Day after deposit with a nationally recognized courier service such as Federal Express, or (d) confirmed facsimile transmission, in each case addressed to the Parties as follows, or to such other address as either of the
Parties shall have provided to the other in writing pursuant to this Section: 
  

					
	Buyer:	 		  	KDC Solar Credit LS LLC
		 		  	1545 Hwy 206 Suite 100
		 		  	Bedminster, New Jersey 07921
		 		  	Attn: President and Senior Vice President of Engineering
			
	Seller:	 		  	Solar Power, Inc.
		 		  	2249 Douglas Blvd., Suite 200
		 		  	Roseville, California 95661
		 		  	Fax: (916) 770-8199
		 		  	Attention: CFO

 11.10 Complete Contract. This Agreement, including all Exhibits attached hereto, constitutes the
complete agreement between the Parties regarding the subject matter hereof, and supersedes any and all agreements made or dated prior thereto between the Parties relating to the subject matter hereof. 

11.11 Survival. The provisions of Articles 5, 6, 10 and 11 and of Section 4.2 and of
Exhibit C shall survive the expiration or other termination of this Agreement. 

  
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 IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date set forth above. 

 

									
	SELLER	 		 	BUYER
			
	Solar Power, Inc.	 		 	KDC Solar Credit LS LLC
					
	By:	 	 /s/ James R. Pekarsky
	 		 	By:	 	 /s/ Alan M. Epstein

	Name:	 	 James R. Pekarsky
	 		 	Name:	 	 Alan M. Epstein

	Title:	 	 CFO
	 		 	Title:	 	 President

  
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 EXHIBIT A 
 SPECIFICATIONS 

220D-225D-230D-235D-240D-245D-250D-255D- 
 260D-20 
 WHY LDK SOLAR MODULES 

Industry leading module power output warranty 
 International quality, safety and performance certifications 
 Modules manufactured in ISO 9001 certified factories 
 High-reliability with guaranteed 0/+5 Wp peak power classification 
 WARRANTIES 
 10 years for product defects in
materials & workmanship 
 12 years for 90% of warranted minimum power 

25 years for 80% of warranted minimum power 
 CERTIFICATES 
 IEC EN 61215, IEC EN 61730-1-2,CE
Conformity 
 UL 1703 2002/03/15 Ed:3 Rev:2008/04/08 

ULC/ORD-C1703-01 second edition 2001/01/01 
 UL and Canadian standard for safety flat-plate 

ISO 9001:2008 Quality Management System 
 CEC Listed: modules are eligible for California rebates 
 PV CYCLE: voluntary module take back and recycling program 
 MCS The Microgeneration Certification Scheme UK 

994 
 1642 
 40 

4-10x10 
 Drainage holes 
 4 places 

8-8x3 
 Drainage holes 8 places 
 8-14x9 Mounting slots 8
places 
 2-04 
 Ground holes 2 places 
 994 956 

Junction box 
 421 
 1000 

800 
 1300 
 1642 

50 
 50 
 171 

30 
 30 
 38 LDK LIGHT OUR FUTURE 

Tolerance of length and width dimensions is +/- 2 mm 

  
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 MONOCRYSTALLINE MODULES 

ELECTRICAL CHARACTERISTICS (STC*) 
 TYPE 220D-20 225D-20 230D-20 235D-20 240D-20 245D-20 250D-20 255D-20 260D-20 
 Nominal Output (Pmax) [Wp] 220 225 230 235 240 245 250 255 260 
 Voltage at Pmax (Vmp) [V] 31.2 31.5 31.8 32.0 32.2 32.4 32.6 32.8 33.0 
 Current at Pmax (Imp) [A] 7.05 7.15 7.23 7.35 7.45 7.56 7.67 7.78 7.88 
 Open Circuit Voltage (Voc) [V] 36.9 37.0 37.2 37.2 37.3 37.4 37.5 37.6 37.8 
 Short Circuit Current (Isc) [A] 8.01 8.11 8.21 8.30 8.39 8.48 8.57 8.66 8.76 
 The power tolerance is +/- 3% referred to the Nominal Output 
 Maximum System Voltage IEC: 1000 V / UL: 1000 V 

Cell Efficiency [%] 15.81 16.18 16.56 16.90 17.25 17.51 17.93 18.34 18.70 

Module Efficiency [%] 13.48 13.79 14.09 14.40 14.70 15.01 15.32 15.62 15.93 

STC* (Standard Test Conditions): Iradiance 1000 W/m2, Module Temperature 25°C, Air Mass 1.5 

ELECTRICAL PERFORMANCE AT NOCT 
 TYPE 220D-20 225D-20 230D-20 235D-20 240D-20 245D-20 250D-20 255D-20 260D-20 
 Nominal Output (Pmax) [W] 159 163 167 170 174 178 181 185 188 
 Voltage at Pmax (Vmp) [V] 26.5 26.8 27.1 27.3 27.7 28.0 28.2 28.5 28.7 
 Current at Pmax(lmp) [A] 60.1 6.09 6.16 6.23 6.28 6.36 6.41 6.49 6.55 
 Open Circuit Voltage (Voc) [V] 34.0 34.1 34.3 34.3 34.3 34.4 34.5 34.6 34.7 
 Short Circuit Current (Isc) [A] 6.48 6.57 6.65 6.72 6.79 6.87 6.94 7.00 7.06 
 NOCT: Irradiance 800W/m2, Module Temperature 45 +/- 2°C, Air Mass 1.5 
 TEMPERATURE CHARACTERISTICS 
 TYPE LDK-D-20 Series

 NOCT** 45 +/- 2 °C 
 Temperature Coefficient of Pmax -0.47 %/°C 

Temperature Coefficient of Voc -0.34 %/°C 
 Temperature Coefficient of Isc 0.06 %/°C 

Maximum Series Fuse Rating 20 
 Operating Temperature from -40 to +85 °C 

Storage Temperature from -40 to +60 °C 
 NOCT**: Nominal Operation Cell Temperature Sun 800 W/m2; Air 20°C; wind speed 1 m/s 
 MECHANICAL CHARACTERISTICS 
 TYPE LDK-D-20 Series

 Solar Cells 60 (6x10) monocrystalline silicon solar cells 156 x 156 mm 

Front Cover 3.2 mm thick, tempered glass / AR coating glass 

Back Cover TPT (Tedlar-PET-Tedlar) / BBF 
 Encapsulant EVA (ethylene vinyl acetate) 
 Frame
Double-layer anodized aluminium alloy 
 Diodes 6 Bypass diodes serviceable 

Junction Box IP65 rated 
 Connectors MC4 or compatible connectors 
 Cables
Length: 1000 mm / Section: 4.0 mm2 
 Dimensions 1642 x 994 x 40 mm / 64.2 x 39.1 x 1.6 in 

Weight 20 kg / 44.1 lbs 
 Max. Load Wind Load: 2400 Pa / Snow Load: 5400 Pa 

I-V CURVE AT DIFFERENT IRRADIANCE LEVELS 
 Current [A] 9 8 7 6 5 4 3 2 1 0 1000W/m2 800W/m2 600W/m2 400W/m2 200W/m2 0 5 10 15 20 25 30 35 40 45 50 Voltage [V] 
 Above graphics according to LDK-220D-20 

PERFORMANCE AT LOW IRRADIANCE 
 Relative Efficiency 1.05 1 0.95 0.9 0.85 0.8 200 300 400 500 600 700 800 900 1000 Irradiance [W/m2] 
 The typical relative change in module efficiency at an irradiance of 200W/m2 in relation to 1000W/m2 (both at 25 °C and AM 1.5 spectrum) is less than 6% 

PACKING CONFIGURATION 
 TYPE LDK-D-20 Series 
 Packing Configuration 25
pcs. / box 
 Quantity / Pallet 50 pcs. / pallet 

Loading Capacity 700 pcs. / 40 ft (High Cube Container) 

LDK Solar reserves the right to make specifications changes without any prior notice. This data sheet complies with the EN
50380 requirements, V4 - September 2011- © LDK Solar Limited. All rights reserved. E,&0.E. 
 LDK 39

 LIGHT OUR FUTURE 

  
 14 

 

 
 215P-220P-225P-230P-235P-240P-245P-250P-20 

WHY LDK SOLAR MODULES 
 Industry leading module power output warranty 

International quality, safety and performance certifications 

Modules manufactured in ISO 9001 certified factories 

High-reliability with guaranteed 0/+5 Wp peak power classification 

WARRANTIES 
 10 years for product defects in materials & workmanship 
 12 years for 90% of warranted minimum power 
 25
years for 80% of warranted minimum power 
 CERTIFICATES 

IEC EN 61215, IEC EN 61730-1-2, CE Conformity 
 UL 1703 2002/03/15 Ed:3 Rev:2008/04/08 

ULC/ORD-C1703-01 second edition 2001/01/01 
 UL and Canadian standard for safety flat-plate 

ISO 9001:2008 Quality Management System 
 CEC Listed:modules are eligible for California rebates 
 PV CYCLE:voluntary module take back and recycling program 
 MCS The Microgeneration Certification Scheme UK 

994 40 1642 
 4-10x10 
 Drainage holes 4 places 

8-8x3 
 Drainage holes 
 8 places 

8-14x9 
 Mounting slots 8 places 
 2-04 

Ground holes 2 places 
 421 
 171 

30 
 994 
 956 

Junction box 
 1000 800 1300 1642 
 50 50 

Tolerance of length and width dimensions is +/- 2 mm 

42 LDK LIGHT OUR FUTURE 

  
 15 

 

 
 POLYCRYSTALLINE MODULES 

ELECTRICAL CHARACTERISTICS (STC*) 
 DATASHEETS 
 TYPE 215P-20 220P-20 225P-20 230P-20
235P-20 240P-20 245P-20 250P-20 
 Nominal Output (Pmax) [Wp] 215 220 225 230 235 240 245 250 

Voltage at Pmax (Vmp) [V] 29.8 29.8 29.9 29.9 30.0 30.0 30.1 30.2 

Current at Pmax (Imp) [A] 7.23 7.40 7.53 7.68 7.84 7.98 8.14 8.28 

Open Circuit Voltage (Voc) [V] 36.3 36.5 36.7 36.8 36.8 36.9 37.2 37.5 

Short Circuit Current (Isc) [A] 7.98 8.14 8.24 8.34 8.35 8.35 8.48 8.59 

The power tolerance is +/- 3% referred to the Nominal Output 

Maximum System Voltage IEC: 1000V/UL:600V 
 Cell Efficiency [%] 15.18 15.53 15.89 16.24 16.59 16.94 17.29 17.64 
 Module Efficiency [%] 13.17 13.48 13.79 14.09 14.40 14.70 15.01 15.32 
 STC* (Standard Test Condition): Irradiance 1000 W/m2, Module Temperature 25°C Air Mass l.5 
 ELECTRICAL PERFORMANCE AT NOCT 
 TYPE 215P-20
220P-20 225P-20 230P-20 235P-20 240P-20 245P-20 250P-20 
 Nominal Output (Pmax) [W] 156 159 163 167 170 174 178
181 
 Voltage at Pmax (Vmp) [V] 26.3 26.4 26.7 27.1 27.4 28.0 28.1 28.2 

Current at Pmax (Imp) [A] 5.93 6.04 6.12 6.19 6.22 6.23 6.33 6.42 

Open Circuit Voltage (Voc) [V] 33.4 33.6 33.8 33.9 33.9 34.0 34.3 34.5 

Short Circuit Current (Isc) [A] 6.46 6.59 6.67 6.75 6.76 6.76 6.87 6.95 

NOCT: Irradiance 800 W/m2, Module Temperature 45 +/- 2°C Air Mass 1.5 

TEMPERATURE CHARACTERISTICS I-V CURVE AT DIFFERENT IRRADIANCE LEVELS 

TYPE LDK-P-20 Series 
 NOCT** 45 +/- 2°C 
 Temperature Coefficient of
Pmax -0.47 %/°C 
 Temperature Coefficient of Voc -0.34 %/°C 

Temperature Coefficient of Isc 0.06 %/°C 
 Maximum Series Fuse Rating 20A 
 Operating
Temperature from -40 to +85°C 
 Storage Temperature from -40 to +60°C 

NOCT**: Nominal Operation Cell Temperature Sun 800 W/m2; Air 20°C; wind speed 1 m/s 

Current [A] 
 9 8 7 6 5 4 3 2 1 0 
 1000W/m2 

800W/m2 
 600W/m2 
 400w/m2 

200w/m2 
 0 5 10 15 20 25 30 35 40 45 50 
 Voltage [V]

 Above graphics according to LDK-220P-20 

PERFORMANCE AT LOW IRRADIANCE 
 Relative Efficiency 
 1.05 1 0.95 0.9 0.85 0.8

 200 300 400 500 600 700 800 900 1000 
 Irradiance [W/m2] 
 The typical relative change in
module efficiency at an irradiance of 200W/m2 in relation to 1000W/m2 (both at 25°C and AM 1.5 spectrum) is less than 6% 
 MECHANICAL CHARACTERISTICS 
 TYPE LDK-P-20 Series

 Solar Cells 60 (6x10) polycrystalline silicon solar cells 156x 156 mm 

Front Cover 3.2 mm thick, tempered glass / AR coating glass 

Back Cover TPT (Tedlar-PET-Tedlar) / BBF 
 Encapsulant EVA (ethylene vinyl acetate) 
 Frame
Double-layer anodized aluminum alloy 
 Diodes 6 Bypass diodes serviceable 

Junction Box IP65 rated 
 PACKING CONFIGURATION 
 Connectors MC4 or
compatible connectors 
 TYPE LDK-P-20 Series 

Cables Lentgh: 1000 mm/Section: 4.0 mm2 
 Dimensions 1642 x 994 x 40 mm / 64.6 x 39.1 x 1.6 in 
 Packing Configuration 25 pcs./box 
 Weight 20 kg /
44.1 lbs 
 Quantity /Pallet 50 pcs./pallet 

Max. Load Wind Load: 2400 Pa / Snow Load: 5400 Pa 
 Loading Capacity 700 pcs./ 40 ft (High Cube Container) 
 LKD Solar reserves the right to make specification changes without any prior notice. This data sheet complies with the EN 50380 requirements. V4-September 2011- © LDK Solar Limited.
All rights reserved. E.&0.E. 
 LDK 
 LIGHT OUR FUTURE 
 43 

  
 16 

 

 
 240P-245P-250P-255P-260P-265P-270P-275P-280P-285P-290P-24 

WHY LDK SOLAR MODULES 
 Industry leading module power output warranty 

International quality, safety and performance certifications 

Modules manufactured in ISO 9001 certified factories 

High-reliability with guaranteed 0/+5 Wp peak power classification 

WARRANTIES 
 10 years for product defects in materials & workmanship 
 12 years for 90% of warranted minimum power 
 25
years for 80% of warranted minimum power 
 CERTIFICATES 

IEC EN 61215, IEC EN 61730-1-2, CE Conformity 
 UL 1703 2002/03/15 Ed:3 Rev:2008/04/08 

ULC/ORD-C1703-01 second edition 2001/01/01 
 UL and Canadian standard for safety flat-plate 

ISO 9001:2008 Quality Management System 
 CEC Listed: modules are eligible for California rebates 
 PV CYCLE: voluntary module take back and recycling program 
 MCS The Microgeneration Certification Scheme UK 

APPROVED PRODUCT 
 994 1958 50 
 4-10x10 

Drainage holes 4 places 
 8-8x3 
 Drainage holes 8 places 

8-14x9 
 Mounting slots 8 places 
 2-04 Ground holes

 579 329 40 40 52 152 800 1300 1958 
 2 places 
 994 

942 
 Junction box 1200 
 Tolerance of length and width
dimensions is +/- 2mm 
 44 

  
 17 

 

 
 POLYCRYSTALLINE MODULES 

ELECTRICAL CHARACTERISTICS (STC*) 
 TYPE 240P-24 245P-24 250P-24 255P-24 260P-24 265P-24 270P-24 275P-24 280P-24 285P-24 290P-24 
 Nominal Output (Pmax) [Wp] 240 245 250 255 260 265 270 275 280 285 290 
 Voltage at Pmax (Vmp) [V] 35.8 35.8 35.9 35.9 36.0 36.1 36.2 36.2 36.3 36.4 36.5 
 Current at Pmax (Imp) [A] 6.70 6.85 6.96 7.11 7.23 7.35 7.47 7.60 7.72 7.83 7.95 
 Open Circuit Voltage (Voc) [V] 44.1 44.1 44.1 44.1 44.2 44.2 44.2 44.3 44.3 44.4 44.4 
 Short Circuit Current (Isc) [A] 8.01 8.02 8.02 8.04 8.06 8.14 8.21 8.28 8.36 8.44 8.52 
 The power tolerance is +/- 3% referred to the Nominal Output 
 Maximum System Voltage IEC: 1000V/UL:600V 
 Cell
Efficiency [%] 14.27 14.57 14.86 15.16 15.46 15.75 16.05 16.35 16.66 16.96 17.27 
 Module Efficiency [%] 12.33
12.59 12.84 13.10 13.36 13.62 13.87 14.13 14.39 14.65 14.91 
 STC* (Standard Test Conditions): Irradiance
1000W/m2, Module Temperature 25 C Air Mass 1.5 
 ELECTRICAL PERFORMANCE AT NOCT 

TYPE 240P-24 245P-24 250P-24 255P-24 260P-24 265P-24 270P-24 275P-24 280P-24 285P-24 290P-24 

Nominal Output (Pmax) [W] 174 178 181 185 188 192 196 199 203 207 210 

Voltage at Pmax (Vmp) [V] 29.9 30.3 30.8 31.0 31.4 31.6 31.8 32.1 32.4 32.8 33.0 

Current at Pmax (Imp) [A] 5.82 5.86 5.89 5.96 6.01 6.07 6.15 6.21 6.27 6.31 6.39 

Open Circuit Voltage (Voc) [V] 40.6 40.6 40.6 40.6 40.7 40.7 40.7 40.8 40.8 40.9 40.9 

Short Circuit Current (Isc) [A] 6.48 6.49 6.49 6.51 6.53 6.59 6.65 6.70 6.77 6.81 6.91 

NOCT: Irradiance 800W/m2, Module Temperature 45 +/-2 C, Air Mass 1.5 

TEMPERATURE CHARACTERISTICS 
 TYPE LDK-P-24 Series 
 NOCT** 45+/-2 C 

Temperature Coefficient of Pmax -0.47 %/C 
 Temperature Coefficient of Voc -0.34%/C 

Temperature Coefficient of Isc 0.06 %/C 
 Maximum Series Fuse Rating 20 A 
 Operating
Temperature from -40 to + 85 C 
 Storage Temperature from -40 to + 60 C 

NOCT**: Nominal Operation Cell Temperature Sun 800W/m2; Air 20 C: wind speed 1 m/s 

MECHANICAL CHARACTERISTICS 
 TYPE LDK-P-24 Series 
 Solar Cells 72
(6x12) polycrystalline silicon solar cells 156 x 156 mm 
 Front Cover 4 mm thick, tempered glass / AR
coating glass 
 Back Cover TPT (Tedlar-PET-Tedlar) / BBF 

Encapsulant EVA (ethylene vinyl acetate) 
 Frame Double-layer anodized aluminium alloy 

Diodes 6 Bypass diodes serviceable 
 Junction Box IP65 rated 
 Connectors MC4 or
compatible connectors 
 Cables Length: 1200 mm / Section: 4.0 mm2 

Dimensions 1958 x 994 x 50 mm / 77.1 x 39.1 x 2.0 in 

Weight 30.5 kg / 67.2 lbs 
 Max. Load Wind Load: 2400 Pa / Snow Load: 5400 Pa 

I-V CURVE AT DIFFERENT IRRADIANCE LEVELS 
 Current [A] 9 8 7 6 5 4 3 2 1 0 
 0 5 10 15 20 25
30 35 40 45 50 
 Above graphics according to LDK-270P-24 Voltage [V] 

PERFORMANCE AT LOW IRRADIANCE 
 Relative Efficiency 1.05 1 0.95 09 0.85 0.8 
 200
300 400 500 600 700 800 900 1000 
 Irradiance [W/m2] 

The typical relative change in module efficiency at an irradiance of 200W/m2 in relation to 1000W/m2 (both at 25 C and AM
1.5 spectrum) is less than 6% 
 PACKING CONFIGURATION 

TYPE LDK-P-24 Series 
 Packing Configuration 20 pcs. / box 

Quantity/Pallet 40 pcs. / pallet 
 Loading Capacity 440 pcs. / 40ft (High Cube Container) 
 LDK Solar reserves the right to make specifications changes without any prior notice. This data sheet complies with the EN 50380 requirements. V-4 September 2011- LDK Solar Limited.
All rights reserved E.&O.E. 
 LDK LIGHT OUR FUTURE 45 

  
 18 

 EXHIBIT C 
 WARRANTY 
 

 
 LDK LIGHT OUR FUTURE 

LDK SOLAR 
 Limited Warranty for PV Modules 2011 
 Thank you
for purchasing a Photovoltaic Solar Module (“MODULE”) manufactured by LDK Solar Hi Tech Co. Ltd. (“LDK SOLAR”). 
 1. Limited Product Warranty – Five Years Repair, Replacement or Refund Remedy LDK SOLAR warrants each MODULE will be free in all material respects from defects in materials and
workmanship under normal application, installation, use and service conditions for a period of sixty (60) months from the date of purchase of that MODULE by CUSTOMER (“SALES DATE”). If any MODULE fails to conform to the warranty in this
Section 1, LDK SOLAR will, at its sole option, either (a) repair or replace the MODULE or (b) refund a reasonable pro-rate portion of the purchase price paid by CUSTOMER for the MODULE (taking into account the period of reduced functionality for the
MODULE as a result of such failure). The foregoing remedies shall be LDK SOLAR’s sole and exclusive obligation, and CUSTOMER’s sole and exclusive remedy, for any MODULE’s failure to conform to the warranty in this Section 1 and any
repair or replacement shall not extend the warranty period set forth herein. The warranty in this Section 1 does not warrant a specific power output, which shall be exclusively covered Section 2 of this LIMITED WARRANTY. 

2. Minimum Peak Power Limited Warranties 
 (a) Limited Remedy – 12 years 
 If, within a
period of twelve (12) years from the SALES DATE, any MODULE exhibits a power output less than ninety percent (90 %) of the minimum PEAK POWER AT STC (as defined in section ‘Definitions’) specified in LDK SOLAR’s applicable product
information sheet for the MODULE, and provided that such loss in power is determined by LDK SOLAR (at its sole and absolute discretion) to be due solely to defects in materials or workmanship, then LDK SOLAR will, at its sole option, replace such
loss in power by either (a) providing an additional MODULE to CUSTOMER to make up for such loss in power or (b) replacing the affected MODULE. The foregoing remedies shall be LDK SOLAR’s sole and exclusive obligation, and CUSTOMER’s sole
and exclusive remedy, for any MODULE’s failure to conform to the warranty in this Section 2(a) and any repair or replacement shall not extend the warranty period set forth herein. 

(b) Limited Remedy – 25 years 
 If, within a period of twenty-five (25) years from the SALES DATE, any MODULE exhibits a power output less than eighty percent (80%) of the minimum PEAK POWER AT STC (as defined in section
‘Definitions’) specified in LDK SOLAR’s applicable product information sheet for the MODULE, and provided that such loss in power is determined by LDK SOLAR (at its sole and absolute discretion) to be due solely to defects in
materials or workmanship, then LDK SOLAR will, at its sole option, replace such loss in power by either (a) providing an additional MODULE to CUSTOMER to make up for such loss in power or (b) replacing affected MODULE. The foregoing remedies shall
be LDK SOLAR’s sole and exclusive obligation, and CUSTOMER’s sole and exclusive remedy, for any MODULE’s failure to conform to the warranty in this Section 2(b) and any repair or replacement shall not extend the warranty period set
forth herein. 
 3. Exclusions and Limitations 

In addition to any other exclusion, limitations or conditions set forth in this LIMITED WARRANTY, the following exclusions
and limitations apply to this LIMITED WARRANTY. 
 LDK Solar Co. Ltd / Limited Warranty for PV Modules

 V1/EN/2011 

  
 19 

 

 
 LDK LIGHT OUR FUTURE 

(a) All warranty claims must be received d within the applicable warranty period for this warranty to be effective.

 (b) This LIMITED WARRANTY does not apply to any MODULE which, in LDK SOLAR’s sole judgment, has been
subjected to: 
 • Misuse, abuse, neglect or accident; 

• Improper transportation, storage or handling 

• Alteration, improper installation or application; 

• Non-observance of LDK SOLAR’s installation and maintenance instructions; 

• Repair or modifications by someone other than an approved service technician of LDK SOLAR; 

• Installation in mobile applications or in marine environment; or 

• Power failure surges, lighting, flood, fire, natural disaster, accidental breakage, vandalism or other events
outside LDK SOLAR’s control. 
 (c) This LIMITED WARRANTY does not cover any costs associated with
installation, removal or re-installation of any MODULE and (except as explicitly set forth in the final paragraph of Section 5 below) customs clearance or any other costs for return of any MODULE. 

(d) Warranty claims will not be honored if the type or serial number of any MODULE has been altered, removed or made
illegible. 
 4. Limitation of Warranty Scope 

(a) Disclaimers 
 THIS LIMITED WARRANTY IS EXPRESSLY IN LIEU OF AND EXCLUDES ALL OTHER EXPRESS OR IMPLIED WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT AND
FITNESS FOR PARTICULAR PURPOSE, USE, OR APPLICATION, AND ALL OTHER OBLIGATIONS OR LIABILITIES ON THE PART OF LDK SOLAR. UNLESS SUCH OTHER OBLIGATIONS OR LIABILITIES ARE EXPRESSLY AGREED TOO IN A WRITING SIGNED AND APPROVED BY LDK SOLAR. 

(b) Limitation of Liability 
 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LDK SOLAR SHALL HAVE NO RESPONSIBILITY OR LIABILITY WHATSOEVER FOR DAMAGE OR INJURY TO PERSONS OR PROPERTY, OR FOR OTHER LOSS OR INJURY,
RESULTING FROM ANY CAUSE WHATSOEVER ARISING OUT OF OR RELATED TO ANY MODULE, INCLUDING, WITHOUT LIMITATION, ANY DEFECT IN ANY MODULE, OR FROM USE OR INSTALLATION OF ANY MODULE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO
CIRCUMSTANCES SHALL LDK SOLAR BE LIABLE FOR INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, HOWSOEVER CAUSED AND EVEN IF LDK SOLAR HAS BEEN ADVISED OF OR REASONABLY COULD HAVE FORESEEN SUCH DAMAGES. LOSS OF USE, LOSS OF PROFITS, LOSS OF PRODUCTION AND
LOSS OF REVENUES ARE HEREBY SPECIFICALLY AND WITHOUT LIMITATION EXCLUDED. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LDK SOLAR’S AGGREGATE LIABILITY, IF ANY, IN DAMAGES OR OTHERWISE, SHALL NOT EXCEED THE AMOUNT PAID BY CUSTOMER FOR THE
MODULE THAT GAVE RISE TO THE WARRANTY CLAIM. 
 5. Warranty Claim Submission and Verification 

If CUSTOMER believes it has a justified claim covered by, and wishes to seek a remedy under, this LIMITED WARRANTY,
CUSTOMER must submit written notification directly to LDK SOLAR by mailing a registered letter to the address of LDK SOLAR listed hereunder or by sending an email letter to the email account of LDK SOLAR listed hereunder in which CUSTOMER describes
the claim in reasonable detail. Together with the notification, CUSTOMER must enclose the original invoice or sales receipt (indicating, among other things, the SALES DATE and the model and 

LDK Solar Co. Ltd / Limited Warranty for PV Modules 

V1/EN/2011 

  
 20 

 

 
 LDK 
 LIGHT OUR FUTURE 
 serial number of the MODULE(s)).
Upon receipt, LDK SOLAR may in its sole and absolute discretion seek further verification of CUSTOMER’S claim. The return of any MODULES will not be accepted unless prior written authorization has been given by LDK SOLAR and CUSTOMER has
complied with the packaging and shipping instructions provided by LDK SOLAR. Only if previously authorized in writing by LDK SOLAR’s customer service department, LDK SOLAR shall reimburse CUSTOMER for reasonable, customary and documented
transportation charges by sea freight for both the return of the MODULES and reshipment of any repaired or replaced MODULES. 
 6. Severability 
 If a part, provision or clause of
this LIMITED WARRANTY, or the application thereof to any person or circumstance, is held invalid, void or unenforceable, such holding shall not affect the validity or enforceability of any other part, provision or clause of this LIMITED WARRANTY or
its applicability to any other person or circumstance, and to this end such other parts, provisions, clauses or a applications of this LIMITED WARRANTY shall be treated as severable. 

7. Technical Disputes 
 In case of any dispute between LDK SOLAR and CUSTOMER as to the validity of any claim made under this LIMITED WARRANTY, a first-class international CBTL test-institute selected by LDK
SOLAR in its sole and absolute discretion (such as Fraunhofer ISE in Freiburg/Germany, TUV Rheinland in Cologne/ Germany or Arizona State University in Arizona/USA) shall be involved to judge the claim finally. Any measurements will be conducted in
accordance with IEC 61215 Ed2 standards. All fees and expenses associated with engaging such institute shall be borne by the losing party. 
 8. Various 
 YOU MAY HAVE SPECIFIC LEGAL RIGHTS
OUTSIDE THIS WARRANTY, AND YOU MAY ALSO HAVE OTHER RIGHTS THAT VARY FROM JURISDICTION TO JURISDICTION. THIS LIMITED WARRANTY DOES NOT AFFECT ANY ADDITIONAL RIGHTS YOU MAY HAVE UNDER LAWS OF MANDATORY APPLICATION IN YOUR JURISDICTION. SOME
JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE LIMITATIONS OR EXCLUSIONS IN THIS LIMITED WARRANTY MAY NOT APPLY TO YOU. In the event LDK SOLAR replaces any MODULE under this LIMITED WARRANTY,
then (a) The replaced MODULE shall become the property of LDK SOLAR and (b) LDK SOLAR has the right to deliver a replacement MODULE of a different type (e.g., in size, color, shape and/or power) than the replaced MODULE if LDK SOLAR has
discontinued producing the replaced MODULE at the time of the claim. 
 9. Warranty Transfer 

This LIMITED WARRANTY is transferable to any subsequent owner of a MODULE solely in circumstances in which that MODULE
remains installed in its original location. Any transferee is subject to all exclusions, limitations and conditions set forth herein. 
 10. Force Majeure 
 LDK SOLAR shall not be
responsible or liable in any way to CUSTOMER or any third-party for any non-performance or delay in performance of any terms and conditions of sale, including this LIMITED WARRANTY, due to Acts of God, war, riots, strikes, warlike conditions, plague
or other epidemics, fire, flood, or any other similar cause or circumstance beyond the reasonable control of LDK SOLAR. In such cases, performance by LDK SOLAR of this LIMITED WARRANTY shall be suspended without liability for the period of delay
reasonably attributable to such causes. 
 LDK Solar Co. Ltd / Limited Warranty for PV Modules V1/EN/2011

  
 21 

 

 
 LDK 
 LIGHT OUR FUTURE 
 Definitions: 

As used in Section 2 of this LIMITED WARRANTY, the term “PEAK POWER AT STC” means the power in Watt peak that a
MODULE generates in its Maximum Power Point. “STC” stands for Standard Test Conditions, meaning: (a) light spectrum of AM 1.5, (b) an irradiation of 1000 W per m2 and (c) a cell temperature of 25 degree centigrade at right angle
irradiation. The measurements are carried out in accordance with IEC 61215 as tested at the connectors or junction box terminals - as applicable - per calibration and testing standards of LD DK SOLAR valid at the date of manufacture of the
PV-modules. 
 The term “minimum PEAK POWER AT STC” refers to the warranted minimum PEAK POWER AT STC
of the MODULE within a given period according to this Limited Warranty, meaning the power in Watt peak that a MODULE generates in its Maximum Power Point, less the percentage of power tolerance stated in the a applicable product information sheet
for the MODULE. 
 Contact Information: 
 LDK Solar Customer Service 
 LDK Solar Co. Ltd
Address: 
 No. 998 Torch Boulevard, 

NanchangCity, Jiangxi Province, China 
 Tel: +86 791 810 8260 
 Email:
module.service@ldkenergy.com.cn 
 Web Site: www.ldksolar.com 

  
 22Loan Agreement

 Exhibit 10.21 
 Loan Agreement 
 Party A: Shenyang Joway Industry Development Co., Ltd. 

Party B: Tianjin Joway Textile Co., Ltd. 
 Party A and B are related companies under the same control of one entity. Party A and B negotiated and agreed that they shall provide each other operating or working capital during their production
operations. The two parties shall pay no interests as a result of this loan arrangement to each other. The parties shall provide no assets as a security for the loan received from each other under this agreement. 

This Agreement is valid during the operational period of the parties. 
 Party A: Shenyang Joway Industry Development Co., Ltd.     SEAL 
 Date:
May 7, 2007 
 Party B: Tianjin Joway Textile Co., Ltd.     SEAL 

Date: May 7, 2007

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]