Document:

Exhibit
4.26

     

    RMB
Loan Contract

     

    Contract
No: Jian Mei Gu Dai 2009001

     

    Type of
Loan: Fixed Asset Loans

     

    Borrower:
Sichuan ReneSola Silicon Material Co., Ltd.

     

    Domicile:
Al-Si Industrial Park , Xiuwen Town, Dongpo District, Meishan, Sichuan
Province

     

    Zip Code:
620020

     

    Legal
representative: Li Xianshou

     

    Fax:
0833-8566013

     

    Tel:
0833-8568566

     

    Lender:
Construction Bank of China Co., Ltd., Meishan Branch

     

    Domicile:
No. 119 Hongxing Road, Dongpo District, Meishan, Sichuan Province

     

    Zip Code:
620010

     

    Responsible
Person: Liang Yuping

     

    Fax:
0833-8113979

     

    Tel:
0833-8109135

    
      
         

      

      
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    The
Borrower applies to The Lender for the loan and The Lender desires to grant the
loan. Pursuant to the relevant laws and regulations, both parties here by enter
into this Contract after negotiation to observe mutually.

     

    Article 1
Loan Amount

     

    The total
amount The Borrower borrows from The Lender (in words): RMB eight hundred million
yuan.

     

    Article 2
Loan Purpose

     

    The
Borrower shall use the borrowing hereunder for the
construction of the 3000 tons per year polycrystalline silicon project located
in Al-Si Industrial Park in Meishan. Without the written
consent of The Lender, Party should not change the use of the
borrowing.

     

    Article 3
Loan Term

     

    The term
of the loan is 5 years, commencing from January 24th 2009 to
January 23rd
2014.

     

    Should
the loan term as specified in this Contract be found inconsistent with those as
recorded in the borrowing document (hereinafter referred to “loan certificate”),
the granting date as recorded in the loan certificate during first drawing
should prevail. The date of maturity as specified in the first clause under this
Article clause should be adjusted accordingly.

     

    The loan
certificate forms an integral part of this Contract and is of equal legal
effect.

     

    Article 4
Loan Interest Rate, Penalty Interest Rate, Interest Calculation and
Settlement

     

    1. Loan
Interest Rate

     

    The loan
interest rate under this Contract is a rate of interest per annum and adopts the
rate in Item (3) below:

     

    (1) Fixed
interest rate: _____%; this rate should remain unchanged during the loan
term

     

    (2) Fixed
interest rate: by _____ (upward/downward: choose one) of ____% on the basis of
the Basic interest rate of the value date;

     

    (3)
Floating interest rate: by upward
(upward/downward: choose one) of 15% on the basis of
the Basic interest rate of the value date; The rate is adjusted every twelve months
according to the basic interest rate of the adjustment date and the above-named
upward/downward percentage during the period from the value date though the date
of settlement of loan principal and interest. The interest rate adjustment date
shall be the corresponding date of the value date in the month of the
adjustment. Should there be no corresponding date of the value date in that
month, the last day of the month shall be the interest rate adjustment date
..

    
      
         

      

      
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    2.
Penalty Interest Rate

     

    (1) If
the Borrower fails to use the loan for the purpose as specified in this
Contract, the penalty interest rate shall be by 100% upward over the
loan interest rate; if the loan interest rate is adjusted as per Clause one Item
(3) of this Article, the penalty interest rate should be adjusted accordingly
based on the adjusted loan interest rate and the above-mentioned upward
percentage.

     

    (2)
Penalty interest rate for an overdue loan shall be by 50 % upward over the
loan interest rate; if the loan interest rate is adjusted as per Clause one Item
(3) of this Article,, the penalty interest rate should be adjusted accordingly
based on the adjusted loan interest rate and the above-mentioned upward
percentage.

     

    (3) In
case of concurrence of the overdue loan and the misappropriated loan, the
penalty interest and compound interest shall be applied with the higher rate.
..

     

    3. The
value date in this Article refers to the date of transferring the first
installment of the loan to the account designated by Party A.

     

    When the
first installment of the loan is released under the Contract, the basic interest
rate is the loan interest rate for the loan of the same level and the term
promulgated by People’s Bank of China on the value date. Henceforth, when the
loan interest rate is adjusted according to the above stipulation, the basic
interest rate is the loan interest rate for the loan of the same level and the
term promulgated by People’s Bank of China on the adjustment date. Should
People’s Bank of China cease to promulgates loan interest rates for the loan of
the same level and same term, the basic interest rate shall be the rate for the
loan of the same level and period as publicly recognized by the banking industry
or the prevailing rate for such loan otherwise agreed upon by the two
Parties.

     

    4. The
loan interest rate shall be calculated from the date on which the loan is
transferred to the account designated by Party A. The interest under this
Contract accrues on a daily basis, the daily rate equals the annual interest
rate divided by 360. If The Borrower fails to pay the interest on the interest
settlement date as per the Contract, a compound interest will be charged from
the following day.

     

    5.
Interest settlement

     

    (1) If
the loan  is applied with a fixed interest rate, the interest shall be
calculated according to the agreed rate. If the loan is applied with a floating
interest rate, the interest shall be thus calculated by the interest rate
determined for such   related period. Should there be several
times of interest rates floating  during one  interest
settlement period, the total interest at the settlement date shall be the sum
total of the interests calculated by the interest rate for each floating
period.

     

    (2) The
interest of the loan under this Contract shall be settled by the method in Item
1 as below:

     

    
      
        	
                a.

              	
                interest
      settled on a monthly basis; settlement of interest on 20th
      day of each month;

              

      

    

    
      
         

      

      
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                b.

              	
                interest
      settled on a quarterly basis; settlement of interest on 20th
      day of the last month of each
quarter;

              

      

    

     

    
      	
              c.

            	
              other
      methods (none).

            

    

     

    Article 5
Loan Drawing

     

    1.
Drawning.  pre-conditions

     

    Unless
the Lender  waivers all or part of the following conditions, the
Lender shall be obliged to  grant the loan given that  all
conditions herein are satisfied and/or maintained to be satisfied :

     

    
      	
              1.

            	
              The
      Borrower has completed  the relevant approval, registration,
      delivery, insurance and other legally required procedures with regard to
      the loan under this Contract;

            

    

     

    
      	
              2.

            	
              The
      guarantee contract for the loan under this Contract (if any) has come into
      effect and will continue to be
effective;

            

    

     

    
      	
              3.

            	
              The
      Borrower has opened an bank account for the purpose of drawing and
      repayment according to Lender’s
requirements;

            

    

     

    
      	
              4.

            	
              The
      Borrower has not breached any clause of the Contract or incurred any
      circumstance that may impair the security of the creditor’s right The
      Lender is entitled to;

            

    

     

    
      	
              5.

            	
              The
      loan under this Contract is not prohibited or limited by laws, regulations
      or authorities;

            

    

     

    
      	
              6.

            	
              Other
      conditions: none

            

    

     

    2.
Drawing Plan

     

    The
Borrower shall draw the borrowing according to the plan in Item (2)
below:

     

    (1)
Drawing plan as follows:

     

    a.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

     

    b.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

     

    c.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

     

    d.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

     

    e.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

     

    f.
___(mm)___(dd) ___(yy);  Amount   Blank  ;

    
      
         

      

      
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    (2) The
date of the first installment drawing shall be January 24th, 2009
and the amount is four hundred and fifty millions. The remaining three hundred
and fifty millions will be granted after the balance own capital of The Borrower
has been invested.

     

    3. The
Borrower should draw the borrowing according to the Item (2) above and should
not advance or postpone or cancel the drawing unless without the written consent
of the Lender.

     

    4. Even
if the Borrower draws the borrowing in installments, the maturity of the loan
should be determined according to Article 3.

     

    Article 6
Repayment

     

    1.
Principle of Repayment

     

    The
Borrower should repay the loan under this Contract in line with the following
principles:

     

    The
Lender is entitled to firstly use the repayment to reimburse the expenses which
should be borne by the Borrower according to this Contract but directly paid by
the Lender and the expenses incurred when exercising the creditor’s rights of
the Lender. The remaining repayment shall be used to repay the interest first
and then the principal to ensure the interest shall be paid together with the
principal. For the loans, the principal of which, or/and interest is overdue for
more than 90 days or the loan as otherwise stipulated by the laws or
regulations, the repayment shall be repaid in accordance with the principle that
the principal shall be paid before the interest after the reimbursement of the
above expenses.

     

    2.
Interest payment

     

    The
Borrower shall pay the due interest on the date of interest settlement. The date
of the first interest payment is the first date of interest settlement after the
loan granting. During last installment repayment, the interest shall be paid up
together with the principal.

     

    3.
Principal repayment plan

     

    The
principal repayment plan shall be determined by Item (1) and Item (2) of the
following methods:

     

    
      	
              (1)

            	
              Principal
      repayment plan as follows:

            

    

     

    a. on or
before December 31st,
2010     Amount: one hundred million;

     

    b. on or
before December 31st,
2011     Amount: one hundred and eighty
million;

     

    c. on or
before December 31st,
2012     Amount: three hundred million;

     

    d. on or
before December 31st,
2013     Amount: two hundred and twenty
million.

    
      
         

      

      
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    (2) a.
The Lender is entitled to adjust the above-mentioned repayment plan in
conjunction with the actual repayment status of the convertible bonds of the
holding company of the Borrower, the operating situations of the Borrower after
commissioning and the implementation of the electricity tariff.

     

    b. The
Lender is entitled to adjust the loan repayment plan according to the loan
drawing status..

     

    4.
Repayment method

     

    The
Borrower shall, before the stipulated repayment date, deposit enough founds
payable during such related period to the account designated by the Lender and
have the due amount transferred to the Lender automatically (the Lender is
entitled to draw fund from the designated account for loan repayment purpose) or
transfer the amount from other bank account of the Borrower on the stipulated
repayment date to repay the loan

     

    5.
Pre-repayment

     

    If the
Borrower intends to pre-repay the loan amount, it shall file a written
application to the Lender 30 days prior to the proposed pre-repayment. With the
consent of the Lender, the Borrower can pre-repay the loan in part or
whole.

     

    The
interest for the pre-repaid loan amount shall be calculated on the actual days
for the loan and the agreed loan interest rate under this Contract.

     

    In the
case of the pre-repayment, the Lender is entitled to charge the Borrower a
compensation of an amount determined by Item 2 of the following
standards:

     

    
      	
              (1)

            	
              Compensation
      amount= pre-repaid principal amount ×number of months for
      pre-repayment×_____‰. If less than one full month, calculate as one
      month.

            

    

     

    
      	
              (2)

            	
              exemption from the
      compensation for
pre-repayment

            

    

     

    If the
loan is repaid in installments and the Borrower pre-repays part of the principal
the repayment should be made in an order reverse to the loan repay plan. After
the partial pre-repayment, the interest of the balance loan shall be calculated
by the agreed interest rate in accordance with the Contract

     

    Article 7
Rights and Obligations of the Borrower

     

    1. Rights
of the Borrower

     

    (1) The
Borrower is entitled to request the Lender to grant the loan according to the
Contract;

     

    (2) The
Borrower is entitled to use the loan for the agree purpose under the
Contract;

     

    (3) The
Borrower is entitled to apply for an extension of the loan term when meeting the
conditions required by the Lender;

    
      
         

      

      
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    (4) The
Borrower is entitled to require the Lender to keep confidential the related
financial materials and business secrets unless otherwise regulated by the laws
and regulations or requested by the authorities or agreed upon by both
parties.

     

    (5) The
Borrower has the right to refuse the extortion of bribe by the Lender and its
staff and report the above acts and any acts of the Lender which violate the
related laws and regulations with regard to loan interest rate and service
charge rate and others.

     

    2.
Obligations of the Borrower

     

    (1) The
Borrower shall draw the loan, repay in full the loan principal and the related
interest and undertake the expenses as specified in this Contract;

     

    (2) The
Borrower shall provide the relevant financial statements and the business
operation material, including, but not limited to, the balance sheet for the
previous quarter, income statement for the period ended at the previous quarter
(income and expenditure sheet for the public institutions as the case may be)
which shall be provided within the 30th working
day of the first month of each quarter, and the cash flow statement for the
whole year in time after the year; and warrant that the documents and materials
provided are authentic, complete and valid and there is no fraud materials or
important financial facts concealed.

     

    (3) The
Borrower shall notify the Lender in writing and provides the relevant modified
materials within five working days if changes occur on the items registered with
the Industrial and Commercial Bureau including company name, legal
representative (responsible person), resident place, business scope, registered
capital, the Articles of Association ect.

     

    (4) The
Borrower shall use the loan for the purpose as specified in this Contract and
shall not occupy or misappropriate the loan or use the loan in illegal dealings;
should assist the Lender in the supervision and inspection over the business
operation, financial activities and the use of the loan; shall not take out
capital, transfer assets or make use of related party transactions to avoid the
debt; shall not make use of the forged contract or discount or mortgage any
right of credit like notes receivable and account receivable based on no real
trading background to obtain cash or credit lines from the bank.

     

    (5) The
Borrower shall observe the national the related national rules and regulations
with regard to environment protection in using the loan under the contract to
engage in manufacturing and project construction

     

    (6) The
Borrower shall not provide a guarantee for a third party with the assets formed
by the loan under this Contract without the Lender’s consent before paying off
the principal and interests to the Lender;

     

    (7) If
the Borrower is a group company, it shall report promptly to the Lender the
relate party transactions with an amount of more than 10% of the net assets of
the Borrower, including: a. the relations between the related transaction
parties; b. the subject and nature of the transaction; c. the amount or the
related proportion of the transaction; d. pricing policy (including transactions
without amount or with nominal amount);

     

    
      
         

      

      
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    (8) If
the loan under the Contract is a fixed asset loan or a project loan, the
Borrower shall guarantee that project has obtained the approval by relevant
official authority and there are no  any circumstance in violations of
laws and regulations; that the capital in cash or other funds to be raised have
been injected or invested in full as per the schedule and proportion ; that the
project will be completed on schedule.

     

    Article 8
Rights and Obligations of the Lender

     

    1. The
Lender is entitled to demand the Lender to repay the principal and pay the
interest and expenses according to schedule; to exercise other rights under this
Contract; and to request the Borrower to fulfill its obligations under the
Contract.

     

    2. The
Lender shall grant the loan according to this Contract with an exception that
the delay is caused by the Borrower or by other reasons that cannot be
attributed to the Lender;

     

    3. The
Lender shall keep confidential the financial materials and business secrets with
regard to production and operation unless otherwise regulated by the laws and
regulations or requested by the authorities or agreed upon by both
parties;

     

    4. The
Lender shall not bribe or extort or receive bribe from the Borrower or its
stuff;

     

    5. The
Lender shall not carry out dishonest acts or acts that may impair the legitimate
interests of the Borrower.

     

    Article 9
Liabilities for Breach of Contract and the remedial measures under the
circumstances that the creditor’s rights of the Lender are
endangered

     

    Event of
Default and responsibilities of Lender

     

    
      	
              1.

            	
              The
      Borrower is entitled to demand the Lender to grant the loan in accordance
      with the Contract if there’s no justified reasons to withhold the
      loan;

            

    

     

    (2) The
Borrower is entitled to demand the Lender to refund the interest and expenses
imposed on the Borrower in violation of national prohibiting laws and
regulations.

     

    2. Event
of Default by Borrower

     

    (1) The
Borrower violates any stipulation of this Contract or any statutory
obligations;

     

    (2) The
Borrower expressly indicated by words or acts that it will not perform any
responsibility stipulated in this Contract.

    
      
         

      

      
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    3.
Possible damages to the creditor’s rights of the Lender

     

    (1) Any
of the following incidents which the Lender believes will affect the security of
the creditor’s rights under this Contract: contraction, being taken over, lease,
stockholding system reform, reduction of the registered capital, investment,
co-managing, merger, acquisition, acquisition restructuring, division, starting
a joint venture, applying for cessation of business operation, applying for
dissolution of business, being revocated, applying for bankruptcy, changes of
the controlling shareholders or actual controller, transfer of the significant
assets, cessation of production, going out of business, being imposed of heavy
fines by authorities, cancellation of registration, revocation of the business
license, involving in any significant lawsuits, serious difficulties in business
or deterioration of financial situation, the failure of the legal representative
or responsible person to fulfill normal duties;

     

    (2) Any
of the following incidents which the Lender believes will affect the security of
the creditor’s rights under this Contract: the Borrower fails to fulfill other
due liabilities (including the due liabilities owed to the Construction Bank of
China of different levels or other third parties), or transfer the assets at low
price or for free , mitigate or annul the liabilities of third party, exercise
the creditor’s or other rights passively or provide guarantee for third
party;

     

    (3) The
shareholders of the Borrower abuse the independent legal person status or
limited liabilities of the shareholder to escape from debt which the Lender
believes will affect the security of the creditor’s rights under this
Contract;

     

    (4) Any
of the prerequisites for the granting of loan under this Contract is not met
consistently;

     

    (5) Any
of the following incidents relating to the Guarantor which the Lender believes
will affect the security of the creditor’s rights under this
Contract:

     

    a.
violations of any stipulation of the guarantee contract or any falsehood, error
or omission existing between the statements and guarantee issues;

     

    b. the
following incidents that may affect the capability of the guarantor:
contracting, being taken over, lease, stockholding system reform, reduction of
the registered capital, investment, co-managing, merger, acquisition,
acquisition restructuring, division, starting a joint venture, applying for
cessation of business operation, applying for dissolution of business,
revocation, applying for bankruptcy, changes in the controlling shareholders or
actual controller, transfer of the significant assets, cessation of production,
going out of business, being imposed of heavy fines by authorities, cancellation
of registration, revocation of the business license, involving in any
significant lawsuits, serious difficulties in business or deterioration of
financial situation, the failure of the legal representative or responsible
person to fulfill normal duties;

     

    c. Other
incidents that may result in the loss of the guarantee
capability;

    
      
         

      

      
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    (6) Any
of the following incidents occurs on mortgage and pledge which the Lender
believes will affect the security of the creditor’s rights under this
Contract:

     

    a. The
destruction, loss or devaluation of the mortgage assets or pledge assets due to
the behavior of the third party, national collection, confiscation,
expropriation, taking back without payment, relocation, market changes or other
reasons;

     

    b. The
mortgage assets or pledge assets are sealed, distressed, frozen, transferred,
detained, sold at an auction, supervised by the executive authorities or there
exists ownership disputes;

     

    c.
Violations of any stipulation by the mortgagor or pledgor or any falsehood,
error or omission existing between the statements and guarantee
issues;

     

    d. Other
circumstances that may impair the Lender’s fulfillment of the right to mortgage
or right of pledge;

     

    (7)
Failure in establishment, ineffectiveness, invalidity, revocation, termination
of the guarantee; the guarantor breaches the Contract or indicates by words or
acts that it will not fulfill the guarantee responsibility; or the guarantor
loses part or the entire guarantee capability, or the devaluation of the
guarantee and other circumstances which the Lender believes will affect the
security of the creditor’s rights under this Contract; or

     

    (8) Other
circumstances which the Lender believes will affect the security of the
creditor’s rights under this Contract.

     

    4.
Remedial measures by the Lender

     

    The
Lender shall be entitles to exercise one or more of the following rights when
the circumstances stated in second and third paragraphs of Article 9
occur:

     

    (1) To
cease the granting of the loan;

     

    (2) to
declare an immediate maturity of the loan; demands the immediate repayment of
the principal, interest and expenses due or undue;

     

    (3) If
the Borrower fails to draw and use the loan according to the Contract, the
Lender shall be entitled to demand the Borrower to pay a penalty equivalent to
5% of the amount drawn disregarding the provisions of the Contract and to refuse
the drawing of the undrawn loan by the Borrower;

     

    (4) If
the Borrower fails to use the loan for the purpose as specified in this
Contract, the Lender shall be entitled to charge penalty interest and compound
interest on the misappropriated loan at the penalty interest rate and by
interest settlement method stipulated in this Contract from misappropriation
date until the Borrower pays up principal and interest;

    
      
         

      

      
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    (5) If
the loan is overdue, the Lender shall be entitled to charge penalty interest and
compound interest on the overdue portion of loan principal and interest
(including part and entire of the premature loan principal and interest declared
by the Lender) at the penalty interest rate and by interest settlement method
stipulated in this Contract from overdue date until the Borrower pays up
principal and interest. The overdue debt refers to the failure of the Borrower
in paying off the borrowing timely or according to the installment plan under
this Contract.

     

    Before
the mature of the loan, the Borrower shall be charged with a compound interest
on the overdue interest at the penalty interest rate and by interest
settlement.

     

    (6) Other
remedial measures, including but not limited to:

     

    a. The
Lender may directly deduct from the Borrower’s account at the Construction Bank
of China the relevant amount in RMB or other currency without
pre-notice;

     

    b.
Exercise the rights of guarantee;

     

    c. The
Lender may request the Borrower to provide new guarantee for all the debts under
this Contract in accordance with the Lender’s requirement;

     

    d.
Dissolution of this Contract.

     

    Article
10 Other provisions

     

    1.
Expenses

     

    Except
otherwise agreed upon by both parties, the Borrower shall undertake all the
expenses under this Contract and the expenses related to the guarantee under the
Contract, including legal consultation service charges, insurance, evaluation
fees, registration charges, storage fees, appraisal expenses and notarization
costs.

     

    The
Borrower shall bear all the expenses (including but not limited to litigation
fees, arbitrations fees, storage fees, travel expenses, execution fees,
evaluation fees, lot money, notarization costs, delivering fees, notice fees and
attorney’s fee) which the Lender has incurred during the realization of the
creditor’s rights.

     

    2. The
use of the information of the Borrower

     

    The
Borrower agrees that the Lender may inspect the Borrower’s credit status from
the credit database established under the approval of the Construction Bank of
China and credit departments or from relevant organizations and departments and
may provide the information of the Borrower to the credit database mentioned
above. The Borrower agrees that the Lender may properly use and disclose the
information of the Borrower due to business needs.

     

    
      
         

      

      
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    3.
Collection through public announcement

     

    In case
the Borrower delays the repayment of loan principal and interest or violates its
undertaking, the Lender is entitled to report to the relevant authority on the
said act(s) and make such act(s) public in the mass media.

     

    4.
Evidence effect of the records of the Lender

     

    Unless
there is reliable and definitive adverse proof, the internal accounting records
relating to the principal, interest, expenses and repayment records, the
supporting documents and vouchers made or preserved by the Lender generated
during going through business procedure of drawing, loan repayment and interest
payment shall serve as the effective evidences of the debtor-creditor
relationship between the Borrower and the Lender. The Borrower shall not raise
an objection only because the above-mentioned records, supporting documents,
vouchers are unilaterally made and preserved by the Lender.

     

    5.
Retention of rights

     

    The
rights of the Lender under this Contract shall not effect or exclude other
rights entitled under the laws and regulations and other contracts. Any
forbearance, extension or favor granted on the contract breach or delay or any
delay by the Lender in exercising any of its rights under this Contract shall
not be considered as a waiver of the rights and interests under this Contract,
or the permission or approval of the behavior violating the stipulations of this
Contract, or limit, prevent or hinder the continuing exercising of the rights
thereof or the exercising of any other rights, or results in any obligations and
responsibilities Lender undertakes to the Borrower.

     

    6. In
case that the Borrower owns due debts other than the debts under this Contract
to the Lender, any sum payable by it under this Contract may be directly
deducted by the Lender from the account opened by the Borrower at the
Construction Bank of China in RMB or other currencies. The Borrower agrees not
to raise any objection.

     

    7. The
Borrower shall notify the Lender in writing of changes of the address or contact
information. If fails to notify in time, the loss caused thereby shall be
undertaken by the Borrower.

     

    8.
Deduction of the amount payable

     

    The
Lender shall be entitled to deduct directly all the amounts payable under this
Contract from the account opened by the Borrower at the Construction Bank System
in RMB or other currencies without noticing the Borrower in advance. In case the
exchange settlement and foreign exchange transaction procedure are needed to be
completed the Borrower shall assist the Lender in completing these formalities
and the exchange rate risk shall be borne by the Borrower.

    
      
         

      

      
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    9.
Dispute Resolution

     

    Any
dispute arising from or out of the performance of this Contract shall be
resolved by both parties through amicably negotiation. If no agreement can be
reached through consultations, the disputes shall be resolved through the means
in Item (1) below:

     

    (1) Legal
action at the court of jurisdiction over the area where the Lender is
located;

     

    (2)
Application for arbitration with ________ Arbitration Commission (Place of
Arbitration ____)in accordance with the arbitration rules effective at the date
of application. The arbitral award will be final and binding upon the two
parties concerned.

     

    During
the course of legal action or arbitration, the parties should continue to
perform the terms that are not involved in the dispute.

     

    10.
Effectiveness

     

    This
Contract shall become effective after it is signed and sealed by the legal
representatives or authorized signatories of the Borrower and the
Lender.

     

    11. This
Contract shall be made in five
copies.

     

    12.
Miscellaneous

     

    (1) The
Borrower undertakes that:

     

    a. The
Borrower has established the principal account with the Lender before the
granting of the fixed assets loan and revoked all the domestic and foreign
currency accounts at other banks and will not transfer the principal account to
other banks before the complete repayment of loan;

     

    b. The
Lender will be the Borrower’s only bank of domestic and foreign currency
accounts when there’s no credit support by other financial institutions to the
Borrower; the Borrower may open accounts at other bank due to business needs
after getting the Lender’s consent;

     

    c.
[****]*

     

    
      
        

      

       

    

    
      	
              *

            	
              This portion has been omitted and
      filed separately with the Securities and Exchange Commission pursuant to
      Rule 24b-2 under the Securities Exchange Act of
    1934.

            

    

    

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

    

     

    d. The
Borrower undertakes that the prepayment of RMB150 million made by Zhejiang Yuhui
Solar Energy Source Co., Ltd will be converted to be shareholder loans before
June 30th, 2009 and the prepayment will not be used to offset the payment of
goods or be refunded;

     

    e. The
Borrower promises not to refund the shareholder loans and the loans from the
related affiliates in the group before paying off the principal and interest to
the Lender;

     

    f. The
Borrower will not distribute dividends to the shareholders before paying off the
principal and interest to the Lender without the consent of the
Lender

     

    g. The
Borrower undertakes that it will not sell on credit and will adopt cash and bank
acceptance bill as one of the settlement methods.

     

    h. that
Zhejiang Yuhui Solar Energy Source Co., Ltd undertakes to buy the polysilicon
materials from the Borrower in the first place during purchasing
feedstock.

     

    (2)
Default Clause

     

    a. The
Borrower shall revoke all the domestic and foreign currency accounts at other
banks and the Lender will be the only bank of domestic and foreign currency
accounts when there’s no credit support by other financial institutions to the
Borrower and will open accounts at other bank due to business needs after
getting the Lender’s permission;

     

    b.
[****]*

     

    c. The
Borrower promises not to refund the shareholder loans and the loans from the
related group affiliates before paying off the principal and interest to the
Lender;

     

    d. The
Borrower undertakes that it will not sell on credit and will adopt one of the
settlement methods between cash and bank acceptance bill;

     

    e. Any
violation of any of the above four clause shall be considered as the violation
of the Contract and the Lender shall have the right to recover the premature
loan ahead of schedule.

     

    (3) The
Borrower shall apply for the property ownership certificate and complete the
mortgage procedure on land and real estate issues and add the machinery and
equipment as the mortgage on a timely basis after the completion of the project
construction.

     

    
      
  

      
        	
                *

              	
                This portion has been omitted and
      filed separately with the Securities and Exchange Commission pursuant to
      Rule 24b-2 under the Securities Exchange Act of
    1934.

              

      

      

      
        
          
             

          

          
            14

            
              

            

          

          
             

          

        

      

       

      Article
13 Statement

    

     

    1. The
Borrower has got a comprehensive and accurate understanding of business scope
and extent of authorization of the Lender;

     

    2. The
Borrower has read all the provisions under this Contract; the Lender has made
the corresponding explanations in response to the request by the Borrower; and
the Borrower has got a complete and accurate understanding of all the provisions
of this Contract and the corresponding legal consequences.

     

    3. The
behavior that the Borrower enters the contract and performs the obligations
under the contact is in compliance with laws, regulations, statute and internal
organizational documents and with the approval of the authority of the company
and/or the national authority.

     

    Borrower
(Seal)

     

    Legal
representative (responsible person) or authorized signatory: /s/Li
Xianshou

     

    Date: January 24th,
2009

     

    Lender
(Seal)

     

    Legal
representative (responsible person) or authorized signatory: /s/Liang
Yuping

     

    Date: January 24th,
2009

    
      
         

      

      
        15Unassociated Document

     

    Exhibit
4.28

     

    CONTRACT
No.     
32-000155-01C V     

     

    made
between

     

    THE
BUYER

     

    Zhejiang
Yuhui Solar Energy Source Co., Ltd (ReneSola)

     

    ADDRESS:
No.8 Baoqun Road Yaozhuang

     

    Industrial
Park,

     

    Jiashan
Country, Zhejiang Province,

     

    314117
China

     

    Tel: +86
(0)573 4773058

     

    Fax: +86
(0)573 4773383

     

    and

     

    THE
SELLER:

     

    ALD
VACUUM TECHNOLOGIES GmbH

     

    ADDRESS:
Wilhelm-Rohn-Strasse 35, 63450 Hanau, Germany

     

    Fax:
49-6181-307-3299

     

    Tel:
49-6181-307-3078

     

    This
contract is made by and between the Buyer and Seller, whereby the Buyer agrees
to buy and the Seller agrees to sell the under mentioned commodity according to
the terms and conditions stipulated below:

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    1.

     

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                ITEM 

                              	 	
                                COMMODITIES; SPECIFICATIONS

                              	 	
                                ALL AMOUNTS

                                in

                                EUR

                              	 
	
                                1

                              	 	
                                Eighty
      (80) Silicon Crystallisation Units Type SCU 400 capable of Melting,
      Crystallising, Annealing and Cooling Down of Photovoltaic Grade Silicon
      Ingots, scope of supply and service as per Annex 1,

                              	 	 	[****]	*
	 
      	 	 
      	 	 	 	 
	
                                2

                              	 	
                                Spare
      Parts Package 

                              	 	 	[****]	*
	 
      	 	 
      	 	 	 	 
	 
      	 	
                                -hereafter
      referred to as the Equipment or the Goods-

                              	 	 	 	 
	 
      	 	 
      	 	 	 	 
	 
      	 	
                                CIF
      Shanghai, China Seaport according to Incoterms 2000. 

                              	 	 	 	 
	 
      	 	 
      	 	 	 	 
	 
      	 	
                                Total
      Contract Price

                              	 	
                                EUR 40,800,000

                              	 

                      

                    

                  

                

              

            

          

        

      

    

     

    in words:
EUR Forty Million Eight Hundred Thousand only.

     

    
      2. COUNTRY OF ORIGIN AND
MANUFACTURERS: European Community;

    

     

    
      ALD
Vacuum Technologies GmbH, Germany

    

     

    
      3.
PACKING:

    

     

    To be
packed in new strong wooden cases and suitable for long distance ocean
transportation and to change of climate, well protected against rough handling,
moisture, rain, corrosion, and shocks. The wooden cases shall be marked with an
IPPC Stamp.

     

    The
Seller shall be liable for any direct damage of the commodity and direct
expenses incurred on account of improper packing and for any rust attributable
to inadequate or improper protective measures taken by the Seller in regard to
the packing.

     

      
        

      

    

    
      
        	
                *

              	
                This
      portion has been omitted and filed separately with the Securities and
      Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
      Act of 1934.

              

      

       

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      4.
SHIPPING MARK

    

     

     The
Seller shall mark on the four adjacent sides of each package with fadeless
painting the package number, gross weight, net weight, measurement, Contract
No., port of destination, consignee code and the wordings “KEEP AWAY FROM
MOISTURE”; “HANDLE WITH CARE”, “THIS SIDE UP”, the lifting position, gravity
centre and the shipping mark:

     

    RENESOLA

     

    Contract
32-000155-01 C V

     

    
      5. TIME OF SHIPMENT (delivery
“on board” European Seaport, i.e. date of Bill of Lading):

    

     

    Under the
condition that the down payment as per Article 9.1 is credited at sellers
account not later than July 30, 2008 and the 1st Letter
of Credit as per Clause 9.2 and 9.4 is received by the Seller not later than
August 15, 2008, the delivery time will be as follows,

     

    1st
Lot:

     

    06 SCU
400 not later than [****]*

     

    02 SCU
400 not later than [****]*

     

    12 SCU
400 not later than [****]*

     

    12 SCU
400 not later than [****]*

     

    16 SCU
400 not later than [****]*

     

    60% of
the Spare Parts Package not later than [****]*

     

    Under the
condition that the down payment as per Article 9.1 is credited at sellers
account not later than July 30, 2008 and the 2nd Letter
of Credit as per Clause 9.3 and 9.4 is received by the Seller not later than
November 30, 2009, the delivery time will be as follows,

     

    
      

    

    
      
        	
                *

              	
                This
      portion has been omitted and filed separately with the Securities and
      Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
      Act of 1934.

              

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

    

     

    2nd
Lot:

     

    16 SCU
400 not later than [****]*

    16 SCU
400 not later than [****]*

    40% of
the Spare Parts Package not later than [****]*

     

    Earlier
delivery in other sequences is allowed.

     

    In case
of a delay in receipt of the down payment and/or Letter of Credit(s), the time
of delivery is prolonged by an appropriate period.

     

    6 PORT OF SHIPMENT: European
North-Sea Port

     

    7 PORT OF DESTINATION:
Shanghai Seaport China

     

    8 TRANSPORT INSURANCE: Under
CIF terms transport insurance for 110 % of the invoice value shall be
arranged by the Seller.

     

    9.
PAYMENT TERMS:

     

    All
payment under this contract from the Buyer to the Seller shall be made via
Industrial and Commercial Bank of China, Zhejiang Branch, Swift BIC:
ICBKCNBJZJP, IID No. 307911, Account No. 1204070009814017930 via Swift
to Seller’s account as follows:

     

    9.1  30%
of the total contract amount, i.e. [****]*–as down payment to be paid against
presentation of a down payment invoice showing the same amount in favor of ALD’s
account no. with Bayerische Hypo und Vereinsbank, Aschaffenburg, or COMMERZBANK
Ffm to be received by seller no later than fifteen (15) calendar days after
coming into force of contract.

     

    9.2  The
Buyer shall open with a first class Chinese Bank the 1st Letter
of Credit to be advised by Seller’s Bank to the Seller not later than 30 days
after coming into force of the contract for [****]*, --- representing the
value of 70% of 48 Furnaces i.e. [****]*—plus Spare Parts i.e.
[****]*—representing 70% of the value of the spare parts of the 1st lot.
The latest date of shipment shall be 9 months from coming into force of the
contract plus 8 weeks.

     

    9.3  The
Buyer shall open with a first class Chinese Bank the 2nd Letter
of Credit to be advised by Seller’s Bank to the Seller not later than 5 months
after coming into force of the contract for [****]*, --- representing the
value of 70% of 32 Furnaces i.e. [****]*—plus Spare Parts i.e.
[****]*—representing 70% of the value of the spare parts. The latest date of
shipment shall be 11 months from coming into force of the contract plus 8
weeks. 

     

    
      

    

    
      
        	
                *

              	
                This
      portion has been omitted and filed separately with the Securities and
      Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
      Act of 1934.

              

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

    9.4  The
both Documentary Letters of Credit as per item 9.2 and 9.3 shall irrevocably
opened in favor of the Seller, shall be advised by and payable as Hypo
Vereinsbank, Frankfurt or COMMERZBANK Frankfurt (to be advised by the Seller)
not expiring before the last payment rate has been paid out. Partial shipment
allowed. Period for presentation of documents shall not less than 21 days. The
letters of Credit shall be payable as follows:

     

    
      	
               
      

            	
              70%  pro
      rata delivery of the partial contract amount for the Furnaces as per
      9.3 and 9.4 against Seller’s presentation of
  :

            

    

     

    
      	
               
      

            	
              -

            	
              Seller’s
      commercial invoice signed in 1 original and 4 copies, indicating the
      contract no. and shipping mark,

            

    

     

    
      	
               
      

            	
              -

            	
              Full
      set of 3/3 original clean on board Bills of Lading marked “Freight
      pre-paid”, indicating Contract No. and shipping mark made out to order and
      blank endorsed, notifying the
Buyer,

            

    

     

    
      	
               
      

            	
              -

            	
              Packing
      List in 2 originals and 2 copies issued by the Seller with indication of
      gross weight, net weight, dimension of each package, number of packages
      and content of each package.

            

    

     

    
      	
               
      

            	
              -

            	
              Certificate
      of Quality and Quantity issued by the Seller, in one original and two
      copies

            

    

     

    
      	
               
      

            	
              -

            	
              Certificate
      of Origin in one original and two
copies

            

    

     

    
      	
               
      

            	
              -

            	
              One
      copy of fax to the Buyer, advising particulars of shipment within 8
      working days after date of B/L is
made

            

    

     

    
      
        	
                 
      

              	
                -

              	
                A
      Performance Bond for 5% of the value of the Furnaces of the
      respective partial shipment issued by a first class German Bank or
      Insurance Institute in favour of the Buyer

              
	 	 	 
	 	-	
                70%  pro
      rata delivery of the partial contract amount for Spare Parts
      against Seller’s presentation of
:

              

      

    

    
       

    

    
      	
               
      

            	
              -

            	
              Seller’s
      commercial invoice signed in 1 original and 4 copies, indicating the
      contract no. and shipping mark,

            

    

     

    
      	
               
      

            	
              -

            	
              Full
      set of 3/3 original clean on board Bills of Lading marked “Freight
      pre-paid”, indicating Contract No. and shipping mark made out to order and
      blank endorsed, notifying the
Buyer,

            

    

     

    
      	
               
      

            	
              -

            	
              Packing
      List in 2 originals and 2 copies issued by the Seller with indication of
      gross weight, net weight, dimension of each package, number of packages
      and content of each package.

            

    

     

    
      	
               
      

            	
              -

            	
              Certificate
      of Quality and Quantity issued by the Seller, in one original and two
      copies

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      
        	 	-	
                Certificate
      of Origin in one original and two copies

              
	 	 	 
	
                 
      

              	
                -

              	
                One
      copy of fax to the Buyer, advising particulars of shipment within 8
      working days after date of B/L is
made

              

      

    

     

    All the
banking charges incurred in China shall be borne by the Buyer while all the
banking charges incurred outside China shall be borne by the
Seller.

     

    10.
SHIPMENT:

     

    Trans
shipment is prohibited. Partial shipments are allowed.

     

    One copy
of fax to the Buyer, advising particulars of shipment within 3 working days
after date of B/L is made as per the stipulations of Clause 11.2.

     

    11.
LATE DELIVERY AND LIQUIDATED DAMAGES:

     

    Should
the Seller fail to make delivery (i.e. shipment on board the vessel as per
Clause 5. above) on time as stipulated in the contract, with exception of Force
Majeure causes specified in Clause 15 of this contract or delays not imputable
to Seller, the Buyer shall agree to postpone the delivery on condition that he
is entitled to claim from Seller Liquidated Damages. After an initial grace
period of 2 weeks, the rate of Liquidated Damages is charged at 0.5% of the
value of the goods being in delay for every complete week of delay. Such
Liquidated Damages, however, shall not exceed 5.0% of the total value of the
Goods involved in the late delivery.

     

    In case
the time of delivery is delayed for more than 4 months for reason solely
attributable to the Seller, the Buyer has the right to terminate the contract
for the furnaces being in such delay. In such a case the Seller has to repay the
down payment received for this furnace(s) and has to pay the respective penalty
to the Buyer.

     

    Further
liabilities of the Seller for delay are excluded.

     

    12
INSPECTION AND TESTING:

     

    
      	
              12.1
      

            	
              The
      Seller shall invite the Buyer in time to attend the inspection and testing
      procedure in German as described in Chapter 5 of the Annex 2 of the
      technical specification for one of the Furnaces produced. The delegation
      of the Buyer shall consist of up to 5 persons (including 1 interpreter).
      In case the specialist of the Buyer does not attend the testing procedure
      the Seller has the right to perform the tests without the presence of the
      Buyer.

            

    

     

    
      	
              12.2
      

            	
              After
      arrival of the goods on Buyer’s site, the Buyer, with the Seller’s
      representatives ( if requested by the Seller and if Seller’s
      representative arrives in time), has the right to apply to the Beijing
      Entry-Exit Inspection and Quarantine (hereinafter referred to as the
      Entry-Exit Inspection) for a preliminary inspection in respect of the
      quality, specifications and quantity/weight of the goods and a Survey
      Report shall be issued therefore. If discrepancies are found by the
      Entry-Exit Inspection regarding specifications of the quantity or both,
      except when the responsibilities lie with insurance company or shipping
      company, the Buyer shall, within 60 days after arrival of the goods on
      Buyer’s site, have the right to claim against the
  Seller.

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              Should
      the quality and specifications of the goods be not in conformity with
      contract or should the goods prove defective within the warranty period
      stipulated in Clause 13 for any reason imputable to Seller, the Buyer
      shall arrange for a survey to be carried out by the Entry-Exit Inspection
      and have the right to claim against the Seller on the strength of the
      Survey Report.

            

    

     

    
      	
              12.3  

            	
              Final
      acceptance testing of the Furnaces shall be carried out as per Chapter 7
      of Annex 2. Final acceptance shall take place for each of the delivered
      furnace independently.

            

    

     

    13  SHIPPING
ADVICE:

     

    The
Seller shall, within 3 working days after B/L-date, advise the Buyer by fax of
the Contract No., commodity, quantity, number of package, invoiced value, gross
weight, name of vessel, date of B/L and B/L- number, and estimated date of
arrival etc.

     

    14  WARRANTY
AND QUALITY:

     

    Seller
warrants that the equipment will be constructed in a workmanlike manner, that it
is free from defects in material and manufacture and that, at the time Seller
tenders delivery at the destination point, it will conform substantially to the
Specifications and Designs.

     

    If within
12 months after this first start-up at Buyer’s site or within 16 months from FOB
delivery or notification that the equipment is ready for dispatch, whichever is
earlier, any item of the equipment proves to be defective by reason of wrong
choice of material, bad workmanship or faulty design, and such reasons are
attributable to Seller, Seller at his choice and expense, and upon Buyer’s
prompt written notice - which is to be given at the latest within fourteen
(14) days from the discovery of such defect - shall replace the defective
item by a new one or repair it within a reasonable time after receipt of buyer’s
notice, but not more than 3 months unless a special situation is verified, the
parties will reach another agreement in regard of time.

     

    Provided
a claim by the Buyer is received by the Seller in writing during the Seller’s
office hours (Monday to Friday) the Seller shall respond in writing within the
following 2 working days and will manage to work out a suitable solution with
the Buyer.

     

    It is
agreed and understood that the warranty period starts and end of each of the
delivered furnaces independently.

     

    It is
clearly understood that Seller’s responsibility for parts fabricated locally and
/ or bought by Buyer according to Seller’s engineering instructions is limited
to the submitted design and engineering.

     

    Seller’s
warranty does not cover parts which are subject to normal wear and tear as well
as damages due to improper or negligent handling of equipment or due to
deviations from Seller’s operating instructions.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    The
foregoing warranties are definite and Seller makes no other warranties with
respect to the equipment, expressed or implied, including no warranty of
merchantability or of fitness for a particular purpose.

     

    15  FORCE
MAJEURE:

     

    The
contract parties shall be released from liability for partial or complete
non-fulfilment of their obligations hereunder if due to Acts of God/Force
Majeure, including but not limited to war, fire, flood, typhoon, earthquake,
strike, embargo or governmental acts or interference’s. In such an event, the
contract party suffering from such event shall promptly notify the other
contract party in writing of the beginning and cessation of the circumstances
preventing performance, and the time for fulfilment of the contractual
obligations shall be extended for a period of time equal to that during which
such circumstances have lasted, or for such other reasonable period as the
contract parties may agree upon. In addition, within fourteen days after the
party’s notification of a Force Majeure event, such party shall send by airmail
to the other party a certificate issued by the Competent Government Authorities
or Chamber of Commerce where the event occurs as evidence thereof.

     

    Should
the Force Majeure period exceed 40 consecutive weeks, either contract party
shall have the right to cancel the contract. No liability or penalty shall be
imposed on the party suffering from such an event for damages of any kind
incurred or sustained by the other party from delays in the performance of this
contract for the reasons stated above.

     

     16  ARBITRATION:

     

    All
disputes in connection with this contract or the execution thereof shall be
settled through friendly negotiations. In case no settlement can be reached, the
case may then be submitted for arbitration in Stockholm in accordance with the
arbitral rules promulgated by the Arbitration Commission (ICC, Paris rules). The
arbitration shall take place in Stockholm, Sweden and the decision of the
Arbitration Commission shall be final and binding upon both parties; neither
party shall seek recourse to a law court nor other authorities to appeal for
revision of the decision. Or the arbitration may be settled in a third country
mutually agreed upon by both parties. Arbitration fee shall be borne by the
losing party. The contract shall be governed by the substantive law of
Sweden.

     

     17
EFFECTIVENESS OF CONTRACT:

     

    This
contract shall become effective upon

     

    
      	
               
      

            	
              -

            	
              Signature
      of this Contract by both parties.

            

    

     

    Should
the Seller not having received

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              
                ·

              

            	
              the
      down payment by July 30, 2008
and/or

            

    

     

    
      	
               
      

            	
              
                ·

              

            	
              the
      1st
      L/C(s) by August 5, 2008 and/or

            

    

     

    
      	
               
      

            	
              
                ·

              

            	
              the
      2nd
      L/C by November 30, 2008.

            

    

     

    The
Seller has the right to adjust the prices and/or to prolong the delivery time(s)
as per Article 5 and related dates for a period of time to be advised by the
Seller.

     

    In case
the contract is not into force on or before September 1st 2008,
the Seller has right to declare this document as invalid.

     

    18. TAXES AND
DUTIES 

     

    
      
        	
                18.1 

              	
                 All
      taxes in connection with the execution of this contract levied by the
      Chinese Government on the Buyer in accordance with the tax laws in effect
      shall be borne by the Buyer.

              

      

    

     

    
      	
              18.2  

            	
              All
      taxes arising outside of China in connection with the execution of this
      contract shall be borne by the
Seller.

            

    

     

    19  GENERAL
LIABILITY:

     

    Liability
for damage to persons or property is accepted by the Seller only to the extent
covered by the existing insurance (third party liability insurance) concluded by
the Seller. This third party liability insurance for any one insured event and
annual aggregate shall provide insurance cover up to a limit of € 10.000.000,—
for bodily injury and property damage.

     

    Any
liability by Seller for consequential damages, loss of profit, or any other
indirect losses or damages is expressly excluded, to the extent that the Seller
does not infringe on compulsory law.

     

    20  PASSAGE
OF RISK

     

    The risk
of loss passes to the Buyer according to the provisions of the Incoterms 2000,
applicable for the delivery condition as stipulated in this
contract.

     

    21
PASSING OF TITLE

     

    The
Seller reserves the right of ownership for all deliveries made and services
rendered under the contract until payment of the contract price has been made in
full by the BUYER.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    The Buyer
shall co-operate in any measures necessary for the protection of Buyer’s title,
in particular reservation of title in the required form in public registers or
similar records, all in accordance with relevant laws.

     

    22  SECRECY

     

    The
Secrecy Agreement signed on September 29, 2006 shall apply to all
information exchanged under this contract.

     

    23
APPENDICES

     

    The
following Appendices form an integral part of this contract:

     

    Annex
1  price sheet

     

    Annex 2
Technical Specification No. SCU 400 No. 32- 0002155-01 Rev A

     

    Annex 3
Draft of the Performance Bond.

     

    IN
WITNESS THEREOF, this contract is signed by all parties in two original copies,
each party holds one copy. The Appendices of this contract shall be an integral
part of the contract and have the same validity as the contract. In case of any
discrepancies, the wording of this contract shall govern. Attached to the
contract or integrated into it might be a Chinese translation of the contract
language. This translation is for reference only and in any case the English
version shall govern.

     

    
      
        	
                THE
      BUYER:

              	 
      	
                THE
      SELLER:

              
	 	 	 
	
                Zhejiang
      Yuhui Solar Energy Source Co., Ltd

                 

                (ReneSola)

                 

                No.8
      Baoqun Road Yaozhuang Industrial

                 

                Park,
      Jiashan Country, Zhejiang Provinec, 314117

                 

                China

              	 
      	
                ALD
      VACUUM TECHNOLOGIES GmbH

                 

                Wilhelm
      Rohn Str. 35

                 

                63450
      Hanau, Germany

              

      

    

     

    
      
        	
                
                  /s/
      Fred Yeh

                

              	 
      	
                
                  /s/
      Helmut Berg

                

              
	
                Mr.
      Fred Yeh COO and General Manager

              	 
      	
                ppa.
      Helmut Berg

              
	 	 	 
	
                July
      15, 2008

              	 
      	
                July
      15, 2008

              

      

    

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex
      1 to Contract CV

            

    

     

    PRICE SHEET

     

    32-000155-01 C V

     

    for

     

    Eighty (80) Silicon Crystallisation
Units

     

    Type
SCU 400

     

    Capable
of Melting, Crystallising, Annealing and Cooling Down of Photovoltaic Grade
Silicon

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex
      1 to Contract CV

            

    

     

    1.           Price for SCU 400

     

    1.1         The price for Eighty (80) SCU
400

     

    as per
scope of supply defined in Chapter 3 of

     

     Technical
Specification No. 32-000155-01 C V amounts to

     

    ([****]*,—for
each
furnace)                  [****]*,

     

    The steel
structure as per item 3.12 of Annex 2 for the eight furnaces shall be
manufactured and delivered by the Buyer. The Seller shall provide the basic
engineering for this steel structure.

     

    1.2         The price for
Supervision

     

    as
defined in Chapter of

     

    Technical
Specification No. 32-000155-01 C V (Annex 2)

     

    One
Hundred and Twenty (120) man weeks included in Position 1.1. and
1.2.

     

    1.3         Spare
parts

     

    1.3.1                Spare
parts package to be selected by the
customer    [****]*

     

    1.3.2                15
(fifteen) Set of Top-and Bottom heater

     

    Each
consisting of: Heating Rods and Connecting
tubes       [****]*

     

    Total
contract value CIF Shanghai according to INCOTERMS
2000     EUR 40,800,000

     

    
      
        

      

      
        
          	
                  *

                	
                  This
      portion has been omitted and filed separately with the Securities and
      Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
      Act of 1934.

                

        

         

      

    

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    TECHNICAL
SPECIFICATION

     

    32-000155-001

     

    For

     

    Silicon
Crystallisation Unit

     

    Type SCU
400

     

    Capable
of Melting, Crystallising, Annealing and Cooling Down

     

    of
Photovoltaic Grade Silicon

     

    
      
        
          
            
              
                	
                        Customer:

                      	
                        Rene
Sola

                      
	 
      	
                        NO.8 Baoqun
      Road

                      
	 
      	
                        Yao
  Zhuang

                      
	 
      	
                        Jiashan, Zhejiang
      Province

                      
	 
      	
                        314117
      CHINA

                      
	 
      	
                        Phone:
      0573 477
      3058

                      
	 
      	
                        Fax: 0573 477
      3383

                      
	 	 
	
                        Proposed
by:

                      	
                        ALD Vacuum Technologies
      GmbH

                      
	 
      	
                        Wilhelm-Rohn-Str.
      35

                      
	 
      	
                        D-63450
      Hanau

                      
	 	 
	
                        Contact partner
      sales:

                      	
                        Mr. Michael
      Hohmann

                      
	 
      	
                        Phone:
      +(49) 6181-307-3309

                      
	 
      	
                        Fax: +(49) 6181-307-3299

                      
	 	 
	 
      	
                        E-Mail:
      michael.hohmann@ald-vt.de

                      
	 	 
	
                        Representative I
      Local
      Office:

                      	
                        C & K Development Co.
      Ltd.

                      
	 
      	
                        1808, Henderson Building,
      Block 1

                      
	 
      	
                        18 Jianguomennai Avenue

                      
	 
      	
                        Beijing
      -100005

                      
	 
      	
                        P. R. China

                      
	 	 
	 
      	
                        Contact: Mr. Ray
      Zhaoyu

                      
	 
      	
                        Phone: +81-10-65182828

                      
	 
      	
                        Fax: +81-10-65188182

                      
	
                        Date

                      	
                        June 11th ,
  2008

                      

              

            

          

        

      

    

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    
      Table of
Contents

    

     

    
      
        
          
            	
                    TECHNICAL
      SPECIFICATION

                  	
                    13

                  
	 
      	 
      	 
      
	
                    1.

                  	
                    General
      Description

                  	
                    16

                  
	 
      	 
      	 
      
	
                    1.1

                  	
                    Features
      of the SCU 400 furnace design

                  	
                    16

                  
	 
      	 
      	 
      
	
                    1.2

                  	
                    Principle
      Furnace Concept

                  	
                    17

                  
	 
      	 
      	 
      
	
                    2.

                  	
                    Technical
      Data

                  	
                    19

                  
	 
      	 
      	 
      
	
                    2.1

                  	
                    Utilities,
      supply

                  	
                    21

                  
	 
      	 
      	 
      
	
                    2.2

                  	
                    Process
      cycle

                  	
                    22

                  
	 
      	 
      	 
      
	
                    2.3

                  	
                    Applicable
      Regulations, Standards and Laws

                  	
                    22

                  
	 
      	 
      	 
      
	
                    3.

                  	
                    Scope
      of Supply

                  	
                    23

                  
	 
      	 
      	 
      
	
                    3.1

                  	
                    Process
      chamber

                  	
                    23

                  
	 
      	 
      	 
      
	
                    3.2

                  	
                    Chamber
      lid

                  	
                    23

                  
	 
      	 
      	 
      
	
                    3.3

                  	
                    Segmented
      Top Heating System

                  	
                    24

                  
	 
      	 
      	 
      
	
                    3.4

                  	
                    Bottom
      Heating System

                  	
                    24

                  
	 
      	 
      	 
      
	
                    3.5

                  	
                    Safety
      Features of the Plant

                  	
                    25

                  
	 
      	 
      	 
      
	
                    3.6

                  	
                    Heat
      Extraction System

                  	
                    25

                  
	 
      	 
      	 
      
	
                    3.7

                  	
                    View
      Port

                  	
                    26

                  
	 
      	 
      	 
      
	
                    3.8

                  	
                    Electric
      Operating and Control Equipment

                  	
                    26

                  
	 
      	 
      	 
      
	
                    3.9

                  	
                    Gas
      Control

                  	
                    27

                  
	 
      	 
      	 
      
	
                    3.10

                  	
                    Internal
      Cooling Water Distribution System

                  	
                    28

                  
	 
      	 
      	 
      
	
                    3.11

                  	
                    Compressed
      Air System

                  	
                    28

                  
	 
      	 
      	 
      
	
                    3.12

                  	
                    Basic
      Engineering for Platforms and Steel Structure

                  	
                    28

                  
	 
      	 
      	 
      
	
                    3.13

                  	
                    Painting

                  	
                    28

                  
	 
      	 
      	 
      
	
                    3.14

                  	
                    Vacuum
      System

                  	
                    29

                  
	 
      	 
      	 
      
	
                    3.15

                  	
                    Documentation

                  	
                    29

                  

          

        

      

    

    
      
         

      

      
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      Vacuum Technologies GmbH

              	
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                  4.

                	
                  Spare
      Parts

                	
                  31

                
	 
      	 
      	 
      
	
                  5.

                	
                  Cold
      Tests, and Hot Tests Prior to Delivery

                	
                  32

                
	 
      	 
      	 
      
	
                  5.1

                	
                  Pre-Test
      Conditions

                	
                  32

                
	 
      	 
      	 
      
	
                  6.

                	
                  Installation,
      Cold - Hot Tests and Training at Customers Site

                	
                  33

                
	 
      	 
      	 
      
	
                  6.1

                	
                  Training
      at Customer's Site

                	
                  33

                
	 
      	 
      	 
      
	
                  6.2

                	
                  Supervision
      for a set of eighty (80) SCU 400 furnaces

                	
                  34

                
	 
      	 
      	 
      
	
                  7.

                	
                  Final
      Commissioning Acceptance Test at Customers Site

                	
                  35

                
	 
      	 
      	 
      
	
                  8.

                	
                  Purchaser’s
      Obligations

                	
                  36

                

        

      

    

     

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    
      	
              1.

            	
              GENERAL
      DESCRIPTION

            

    

     

    The SCU
400 is a new stand-alone furnace for melting and crystallising of solar grade
silicon into an ingot for photo voltaic use.  We offer the SCU 400 as
a square furnace concept.  The size of the furnace allows to use
different sizes of hot zones to vary the crucible sizes, if
required.

     

    The SCU
400 allows to melt and crystallise one (1) ingot per cycle.

     

    The
offered hot zone of the furnace is designed to use the new crucible generation
with average dimensions of approx. 840 x 840 mm and 420 mm
height.  With this hot zone it is possible to melt and crystallize a
Si ingot with a weight of approx.: 400 kg per cycle resulting in an expected
capacity of approx. 6 MWp/y.

     

    

     

    The
principle layout of one single Silicon Melting, Crystallization and Annealing
Unit is given in the attached drawing no.0.520-064317.

     

    Remark:

     

    The data
mentioned in the Technical Specification hereafter are made for one (1) SCU 400
furnace, if not otherwise stated.

     

    
      	
              1.1

            	
              Features of the SCU 400 furnace
      design

            

    

     

    
      	
               
      

            	
              ·

            	
              No
      movement of the mould during
processing.

            

    

     

    
      
        
        

      

      
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      Vacuum Technologies GmbH

              	
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              ·

            	
              Bottom
      and top heater design with cooling trap in the bottom section, which
      allows a controlled crystallization with high efficiency.  No
      side heaters are required.

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      process steps "Start-Up Cycle", "Melt-Down", "Crystallizing", "Annealing"
      and "Cool-Down" of photo voltaic silicon will be performed automatically
      PLC-controlled under vacuum and/or controlled
  atmosphere.

            

    

     

    
      	
               
      

            	
              ·

            	
              PLC-controlled
      system is proven for industrial scale networking of all extended SCU
      furnaces.  Software is capable to apply data for a central
      process control.

            

    

     

    
      	
               
      

            	
              ·

            	
              Vacuum
      pumping system with dry fore pump to reduce service and maintenance
      work.

            

    

     

    
      	
               
      

            	
              ·

            	
              Safety
      features such as chamber pressure relief, over-temperature protection,
      water detection and chamber bottom shielding tiles protect the furnace
      operations personnel in case of a crucible run
  out.

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      hot zone is designed as a complete module which can be removed in one unit
      and transported in a separate workshop area for service and maintenance
      purposes.  This allows the hot zone to realize a short down time
      at the furnace site.

            

    

     

    
      	
              1.2

            	
              Principle Furnace
      Concept

            

    

     

    The SCU
400 furnace concept is a proven design in the application of melting and
crystallizing of silicon for solar application.  The furnace is
equipped with a water cooled furnace housing.  A lid on top of the
furnace can be moved for loading and unloading of the mould.  The
mould will be placed on a support and is not moved during
processing.  The melting and crystallizing is realized by using a top
and a bottom heater.

     

    The
heaters and the mould are surrounded by a specially treated graphite insulation
material.  During the melting process the bottom is insulated with a
movable heat gate, which will be moved aside before starting with the
crystallization of the liquid material.  A cooling trap for
crystallization is located under the heat gate.  The crystallization
speed of the liquid Si inside the mould is controlled via the power control of
the top and bottom heater.

     

    To
exchange the atmosphere and to control the pressure inside the furnace a vacuum
pumping system is used.

     

    The
operator control is equipped with all the function and process visualization to
operate the furnace and to document the process data in an automatic
mode.  The supplied furnace SCU 400 will be equipped with proven
components of high quality.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    
      	
              2.

            	
              TECHNICAL
      DATA

            

    

     

    for one
(1) SCU 400

     

    
      	
               
      

            	
              Ø

            	
              Furnace
      Capacity

            

    

     

    
      
        	
                Capacity
      per cycle

              	 
      	
                1

              	
                Crucible

              
	 
      	 
      	 
      	 
      
	
                Silicon
      load per crucible

              	
                approx.:

              	
                400

              	
                kg

              

      

    

    

    (depending
on crucible size and possible filling density of raw material)

     

    
      	
               
      

            	
              Ø

            	
              Product
    Data

            

    

     

    Material
class: PV solar grade silicon

     

    Mass
density (solid state):2,33kg/dm3

     

    Ingot
Size: approx. 830 x 830 x 250mm

     

    (depending
on crucible size and possible filling height)

     

    
      	
               
      

            	
              Ø

            	
              Temperature

            

    

     

    
      
        	
                Max.
      furnace temperature:

              	
                1570

              	
                °C

              

      

    

     

    
      	
               
      

            	
              Ø

            	
              Atmosphere

            

    

     

    vacuum or
inert-gas

     

    
      	
               
      

            	
              Ø

            	
              Temperature
      Measurement

            

    

     

    Top
Area

     

    One (1)
digital infrared two-colour pyrometer is installed.  The pyrometer
position is the centre of the ingot.

     

    Bottom
Area

     

    One (1)
digital infrared two-colour pyrometer looking at the centre of the underside of
the graphite support plate of the crucible.

     

    
      	
               
      

            	
              Ø

            	
              Thermocouples

            

    

     

    Two (2)
thermocouples for temperature measurement on different areas in the hot
zone

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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      to Contract CV

            

    

     

    
      	
               
      

            	
              Ø

            	
              Crucible
      Dimensions

            

    

     

     Quartz
Crucibles standard

     

     Inner
Dimensions; L x W x H:     average 830 x 830 x 420
mm

     

    
      	
               
      

            	
              Ø

            	
              Graphite Plates for
      Crucibles

            

    

     

     Side
Plates; Lx W x H:      approx. 900 x 400 x 15
mm

     

     Bottom
Plate; L x W x H:       approx. 940 x 940 x
20 mm

     

    Remark:

     

    These
plates are part of the crucible assembly and are always moved together with the
quartz crucibles for loading / unloading the furnace.

     

    
      	
               
      

            	
              Ø

            	
              Support Plate for Moulds made
      from Graphite

            

    

     

    Support
Plate; L x W x H:      approx. 1000 x 1000 x 60
mm

     

    Remark:

     

    Support
plates are a static part of the furnace.

     

    
      	
               
      

            	
              Ø

            	
              Thermal Graphite Insulation
      Materials

            

    

     

    Graphite
Hard Felt Materials

     

    
      	
               
      

            	
              Ø

            	
              System Dimensions for one
      furnace

            

    

     

    Overall
length:       approx.  6,0
m

     

    Overall
width:         approx. 4,0
m

     

    Overall
height:        approx. 4,2
m

     

    Crane
hook, min. height         approx.
5,0 m

     

    
      	
               
      

            	
              Ø

            	
              Vacuum System
      Data

            

    

     

    Pumping
capacity fore-pump:     approx. 70 m3/h

     

    Pumping
capacity Roots-pump:     approx. 500 m3/h

     

    Ultimate
vacuum pump set:     ≤ 8 * 10-2 mbar

     

    Leak- and
Desorption Rate, measured as pressure rise test:      8
* 10-2 mbar l/s

     

    Operating
Pressure                  1
- 900 mbar

    
      
         

      

      
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              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    
      	
              2.1

            	
              Utilities,
      supply

            

    

     

    
      	
               
      

            	
              Ø

            	
              Electrical Supply
      Data

            

    

     

    Low-Voltage
Distribution

     

    Supply
voltage:          3 x 400 VAC
± 10 %, 50 Hz

     

    Rated
power:          approx. 220
kVA

     

    Heaters

     

    Top
Heater:            
approx. 110 kW

     

    Bottom
Heater:        approx. 80
kW

     

    Process-Gas
Supply

     

    Gas
type:          Argon or
Helium

     

    Gas
pressure:                      
5           bar

     

    Ar               approx.             35           NI/min.

     

    Ar
Consumption

     

    Total Ar
consumption for one
cycle            approx.
60 N/m3

     

    Argon
Flowrate                         30
NI/min

     

    Argon
quality
(5.0)                    99,999%

     

    
      	
               
      

            	
              Ø

            	
              Compressed Air
      Supply

            

    

     

    Pressure:                     6
bar

     

    Maximum
pressure
drop:              1
bar over any 60 s period

     

    Consumption              approx.
20 NI/min

     

    
      	
               
      

            	
              Ø

            	
              Water Supply
      System

            

    

     

    Inlet:         min./max.
4/6 bar

     

    Pressure
difference
inlet/outlet             3,5
bar

     

    Flow:        approx.
200 l/min.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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    Average
ΔT           approx. 8
°C

     

    Inlet
temperature for normal operation:  12 - 32°C

     

    
      	
               
      

            	
              Ø

            	
              Cooling Water
      Conditions

            

    

     

    Mechanically
pure / width of
mesh:              0,38
mm

     

    Chemically
pH data:           7,0 -
8,5 pH

     

    Carbonate
hardness,
max.:             8
°DH

     

    
      	
               
      

            	
              Ø

            	
              Ambient Conditions of the SCU
      furnace

            

    

     

    Outside
temperature           10
- 35°C

     

    Humidity
(not condensing!)          20
- 80%

     

    
      	
              2.2

            	
              Process
      cycle

            

    

     

    A process
cycle time for a standard ingot of approx. 400 kg is expected to be approx. 48 -
52 h.  The process cycle also depends on Si raw material condition and
shape.

     

    
      	
              2.3

            	
              Applicable Regulations,
      Standards and Laws

            

    

     

    Regarding
equipment construction and manufacturing we will consider all valid European and
national technical regulations, standards and laws valid for manufacturer at
time of order placement and which will be necessary for fabrication and
operation of equipment.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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              3.

            	
              SCOPE
      OF SUPPLY

            

    

     

    One (1)
SCU 400 furnaces equipped with the following if not otherwise
stated:

     

    
      	
              3.1

            	
              Process
      chamber

            

    

     

    The
process chamber is a rectangular furnace body with a movable lid on
top.

     

    The
chamber lid is fixed to the furnace body

     

    The
process chamber is double-walled for water cooling

     

    The
process chamber is designed to operate the furnace with a pressure of approx. 1
- 900 mbar.

     

    The
inside walls are made out of stainless steel, the outside walls are made of mild
steel.

     

    Process Chamber,
mainly consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Double
      walled chamber body, water-cooled inner chamber parts made of stainless
      steel, with mating flanges for the lid.  Outer furnace will be
      made out of mild steel.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Port
      for the pumping unit

            

    

     

    
      	
               
      

            	
              Two

            	
              (2)

            	
              Ports
      for the high-current feed-through for the
  heaters

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of stainless steel protection plates.  These protection steel
      plates are to be placed temporarily between hot zone and chamber wall
      during the bake-out procedures in order to collect condensable organic
      compounds and, by this, reduce contamination of the
    chamber.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Port
      with feed through for TC
measurement

            

    

     

    
      	
              3.2

            	
              Chamber
    lid

            

    

     

    The lid
carries the top heater- module.  The lid, together with the top
heaters, can be risen and swivelled aside to provide easy access to the moulds
for loading / unloading and inspection of the heater.

     

    The lid
is double-walled for water cooling.

     

    The
inside walls are made out of stainless steel, the outside walls are made of mild
steel.

    
      
         

      

      
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    Chamber Lid, mainly
consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Double-walled
      chamber lid, water-cooled inner chamber parts made from stainless steel,
      with mating flanges for the chamber.  Outer furnace lid will be
      made of mild steel.

            

    

     

    
      	
               
      

            	
              Two

            	
              (2)

            	
              Ports
      for the high-current feed-through for the
heater

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of standard ports measuring, auxiliary devices and
      instrumentation.

            

    

     

    Remark:

     

    The
chamber lid is fixed on the process chamber by its weight.  In case of
unexpected overpressure inside the chamber the lid works as an overpressure
release by lifting up for about 2 cm.  The gases which leave the
chamber in this case will be reflected towards the ground by an reflection plate
fastened to the mating flange of the lid.

     

    
      	
              3.3

            	
              Segmented Top Heating
      System

            

    

     

    The top
heating is a graphite resistance heater.  The heater system has good
accessibility to ease maintenance and service work.  Water-cooled
high-current power pipes inside and cables outside the process chamber are
provided for power transmission.

     

    The
thermal insulation is made of high-efficient graphite felt to reduce thermal
losses and provide suitable vacuum properties.

     

    The top heating system
mainly consists of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of graphite heater with one combined thyristor
  controller

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of power cables extended from the vacuum feed-through to the output of the
      transformer.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of copper pipe extended from the vacuum feed-through to the connection of
      the graphite heater

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of graphite insulation

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              High-current
      transformer as power source for the graphite
  heater.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              SCR
      with continuously variable output
power

            

    

     

    
      	
              3.4

            	
              Bottom Heating
      System

            

    

     

    The
bottom heating system is a graphite resistance heater and remains permanently
installed in the process chamber.  The heater insulation system has
good accessibility to ease maintenance and service work.

     

    Water-cooled
high-current power pipes inside and cables outside the process chamber are
provided for power transmission.

    
      
         

      

      
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              ALD
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              Annex 2
      to Contract CV

            

    

     

    The
thermal insulation is made of high-efficient graphite felt to reduce thermal
loss and provide suitable vacuum properties.

     

    Bottom Heating
System, mainly consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of graphite heater with combined controlled heating
    elements

            

    

     

    
      	
               
      

            	
              Two

            	
              (2)

            	
              Thermocouple
      to read the temperature from the hot zone resp. the cooling
      zone

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of high-efficiency graphite insulation for the entire
    heater

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of power cable extended from the vacuum feed-through to the output of the
      transformer.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of copper pipe extended from the vacuum feed-through to the connection of
      the graphite heater

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              High-current
      transformer as power source for the graphite heaters.  The
      transformer is mounted in near proximity to the process chamber to
      minimise electrical losses in the supply
line.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              SCR
      with continuously variable output
power

            

    

     

    
      
        	
                3.5

              	
                Safety Features of the
      Plant

              

      

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Water
      detection system to detect safety relevant water leaks in order to monitor
      the system safety.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of copper plates covering the furnace bottom to function as a heat sink in
      case of a crucible run out.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Furnace
      chamber lid working as high cross-section pressure relief in case of
      pressure surge inside the chamber

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Ground-fault
      detection system in top and in bottom
heater

            

    

     

    
      
        	
                3.6

              	
                Heat Extraction
      System

              

      

    

     

    The heat
extraction system consists of a movable insulation shutter for the crucible
position, positioned above the water-cooled trap made of copper.

     

    The
bottom heater rods are positioned between the heat gate and the
crucibles.

     

    During
the process cycles "Melt-In" and "Annealing", the heat gate is closed in order
to minimise heat losses.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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      to Contract CV

            

    

     

    Heat Extraction
System, mainly consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Insulation
      shutters, horizontally movable

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Sets
      of vacuum feed-through for shutter
movement

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Electric
      motor drive for the isolation
shutters

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Heat
      sink, designed as a water-cooled copper
  construction

            

    

     

    
      
        	
                3.7

              	
                View
  Port

              

      

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of view ports, closed with blind
flanges

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pyrometer
      view port for installation of pyrometer and visible inspection of the
      melt.

            

    

     

    
      
        	
                3.8

              	
                Electric Operating and Control
      Equipment

              

      

    

     

    Electric Operating and
Control Equipment, mainly consisting of:

     

    
      	
               
      

            	
              1.

            	
              One (1) Control
      Cabinet

            

    

     

    This
control cabinet, made of metallic structure, free-standing, dust-proof,
completely wired and equipped with all internal AC/DC supplies, contactors,
relays, motor starters and fuses, except the parts directly connected to the
furnace.

     

    Control Cabinet,
mainly consisting of:

     

    
      
        
          	
                  One

                	
                  (1)

                	
                  Thyristor
      controller for Top Heater with communication interface, connecting load
      approx. 110 kW

                
	 
      	 
      	 
      
	
                  One

                	
                  (1)

                	
                  Thyristor
      controller for Bottom Heater, with communication interface, connecting
      load approx. 80 kW

                
	 
      	 
      	 
      
	
                  One

                	
                  (1)

                	
                  PLC-control
      system (SIMATIC) consisting of central processor unit and digital/analogue
      in- and outputs.  Software program includes standard
      interlocking for the protection of the operator and
    equipment.

                
	 
      	 
      	 
      
	
                  One

                	
                  (1)

                	
                  UPS
      to ensure the data saving in case electrical power supply
      fails.  The UPS provides full power for the PC-System allowing
      to save actual data files and to restart the data acquisition after the
      network power will be available
again.

                

        

      

    

     

    The
furnace is switched off due to any lack of cooling water failure and it is
ensured that vacuum valves and pumps are correctly sequenced.  The PLC
is installed in the control cabinet.

    
      
         

      

      
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              2.

            	
              Electrical Parts at the
      furnace

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Two-colour
      pyrometer including wiring and tubing to control the temperature in the
      centre of the crucible

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Two-colour
      pyrometer to control the temperature of the centre of the lower side of
      the support plate

            

    

     

    Several
Precision Support Thermocouples – for precise and reproducible placement of
thermocouples for top- resp. bottom area, incl. prefabricated thermocouples and
prefabricated insulating tubes.

     

    
      	
               
      

            	
              3.

            	
              Four (4 ) Central Control
      Stations each to operate a set of eighteen (18)
      furnaces

            

    

     

    consisting
of a sufficient number of operation interface screens to supervise a set of ten
furnaces based on WINDOWS PC's.

     

    The
operator interface screens will display:

     

    
      	
               
      

            	
              ·

            	
              All
      set points

            

    

     

    
      	
               
      

            	
              ·

            	
              All
      actual values

            

    

     

    
      	
               
      

            	
              ·

            	
              All
      important furnace conditions and
interlocks

            

    

     

    
      	
               
      

            	
              ·

            	
              All
      relevant process conditions

            

    

     

    
      	
               
      

            	
              ·

            	
              All
      alarm signals

            

    

     

    
      	
               
      

            	
              ·

            	
              Recipe
      handling and status

            

    

     

    
      	
               
      

            	
              ·

            	
              Online
      and historical trends

            

    

     

    
      	
               
      

            	
              ·

            	
              Data
      loggings

            

    

     

    REMARK:
Additional eight (8) furnaces will be installed in other
workshops.  They will be connected to the available central control
station in this workshop area.

     

    
      
        	
                3.9

              	
                Gas
    Control

              

      

    

     

    The gas
control supplies process gas to the surface of the melt bath.  The
mass flow controller allows pre-programming and is variably
controlled.

    
      
         

      

      
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    Gas
Control,  consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Mass
      flow controller with variable control for process
  gas

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pneumatically
      controlled backfill valve

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pressure
      switch to monitor the supply line

            

    

     

    Instrumentation
is suitable to work with Ar.

     

    
      
        	
                3.10

              	
                Internal Cooling Water
      Distribution System

              

      

    

     

    The
cooling water distribution system will be pre-assembled, plumbed and tested in
ALD's works.

     

    Internal
Cooling Water System, mainly consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Water
      manifold for the supply and for the drain of cooling
  water.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of throttles, valves, water flow
relays

            

    

     

    Water
manifolds include interlock switches on critical circuits.  The
manifold is mounted onto one rig.

     

    
      
        	
                3.11

              	
                Compressed Air
      System

              

      

    

     

    to supply
compressed air to the pneumatically operated valves, mainly consisting
of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Heavy
      duty filter, regulator and lubricator with gauge and
  drain

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pressure
      switch to monitor the supply line

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of piping extended from the lubricator assembly to the pneumatically
      operated valves

            

    

     

    
      
        	
                3.12

              	
                Basic Engineering for Platforms
      and Steel Structure

              

      

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Basic
      engineering for steel structure and operators
  platforms

            

    

     

    
      
        	
                3.13

              	
                Painting

              

      

    

     

    Chamber
structural components and equipment racks are coated with rust- preventing
primer and then finish-painted to ALD-standards.

     

    Internal
surfaces of vacuum chambers are grounded or shot-blasted using glass
pearls.

     

    Vacuum
system components, such as pumps, valves, etc. have their standard original
equipment finish.

     

    Other
standard component items from outside suppliers are supplied in their original
standard factory finishes.

    
      
         

      

      
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                3.14

              	
                Vacuum
      System

              

      

    

     

    The
vacuum system evacuates the chamber and allows to reduce the oxygen content of
the process chamber after loading the cold moulds and before starting a new
heating sequence.  Furthermore, it has to keep the required pressure
constant during the process steps independent from the flow of inert gas to the
moulds.

     

    Vacuum System, mainly
consisting of:

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Dry
      fore-pump approx. 70 m3/h

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Roots-pump
      approx. 500 m3/h

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of all necessary vacuum valves, pneumatically operated with position
      indicators.

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pneumatically
      controlled vent valve

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Pneumatically
      controlled pressure control valve

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of vacuum piping

            

    

     

    
      	
               
      

            	
              One

            	
              (1)

            	
              Set
      of vacuum measuring and control
instrumentation.

            

    

     

    
      	
               
      

            	
              Gauging
      is provided at strategic locations to monitor the
  vacuum.

            

    

     

    
      
        	
                3.15

              	
                Documentation

              

      

    

     

    
      
        
          
            
              
                
                  
                    	
                            Item
      of Documentation

                          	
                            Supply
      Date

                          
	 	 
	
                            Information
      for planning foundations and

                            take-over
      points on Customer's site

                          	
                            6
      weeks after contract effective date

                          
	 	 
	
                            Installation
      schedule

                          	
                            8
      weeks after contract effective date

                          
	 	 
	
                            Tools
      list for installation and start-up

                          	
                            8
      weeks after contract effective date

                          
	 	 
	
                            Connection
      diagram (electrical)

                          	
                            6
      weeks prior to start of installation

                          
	 	 
	
                            Drawings,
      i.e.

                          	
                            At
      shipment of the furnace

                          
	 	 
	
                            ·        
      Overall system drawings

                             

                            ·        
      Schematic drawings

                             

                            ·        
      Drawings of assembling

                             

                            ·        
      Component modules

                          	 
      

                  

                

              

            

          

        

      

    

    
      
         

      

      
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              Annex 2
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                        ·           Wiring
      diagrams

                      	 
      
	 	 
	
                        ·           Documentation
      of standard components

                      	 
      
	 	 
	
                        Instruction
      manual

                      	
                        At
      commencement of supervision of installation of the
plant

                      
	 	 
	
                        ·        
      Safety regulations

                                
      

                        ·        
      Technical descriptions

                                
      

                        ·        
      Operating instructions

                                
      

                        ·        
      Maintenance instructions

                      	 
      
	 	 
	
                        "As
      built" documentation

                      	
                        8
      weeks after formal
acceptance

                      

              

            

          

        

      

    

     

    This
documentation will be supplied on one (1) CD-ROM.  The drawings and
the wiring diagrams will be supplied — additionally to the CD-ROM — as one (1)
copy in paper version.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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              4.

            	
              SPARE
      PARTS

            

    

     

    A
preliminary list of spare parts is enclosed as Annex 3 to this
quotation.

     

    A
detailed listing of spare parts will be prepared once scope of delivery has been
completed.  Lists of recommended spare parts for the initial operating
period and actual production operations will be prepared.  Within two
weeks after receipt of the list, customer shall select spare parts up to the
amount agreed upon in the contract.

    
      
         

      

      
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      Vacuum Technologies GmbH

            	
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      to Contract CV

            

    

     

    
      	
              5.

            	
              COLD
      TESTS, AND HOT TESTS PRIOR TO
DELIVERY

            

    

     

    The
Silicon Crystallisation Unit SCU 400 will be assembled and tested in one of
ALD's installation shops prior to shipment.

     

    The
following tests 5.1 to 5.1.3 will be carried out for each set of SCU 400
furnaces.

     

    Buyer can
witness the testing period at one SCU 400 furnaces, to be delivered for the
total set of furnaces, with a number of up to 5 persons at Seller's site
(including one interpreter) for two weeks to be trained and to get familiar with
the process of the SCU 400 furnace.  Buyer will bear all costs for
travel, daily allowances, accommodation, etc. for Buyers
Personnel.  Local transport will be arranged by
Seller.  Seller will provide free of charge meeting room, as well as
the free use of telefax/telephone facilities for the Buyer
personnel.

     

    
      
        	
                5.1

              	
                Pre-Test
      Conditions

              

      

    

     

    The pre-
acceptance test conditions includes:

     

    
      	  	
              5.1.1

            	
              Vacuum
      Test

            

    

     

    of the
clean, dry and empty chamber:

     

    
      	
               
      

            	
              ·

            	
              Achieve
      ultimate vacuum < 0,1 mbar after 12 h pumping
  time

            

    

     

    
      	  	
              5.1.2

            	
              Leak
      Rate Test

            

    

     

    Determine
leak rate by using the "Pressure Rise Test" only for the clean, dry and empty
chamber.

     

    The
target value is ≤ 8 * 10-2 mbar x
Liter per second.

     

    
      	  	
              5.1.3

            	
              Heating
      Test

            

    

     

    Heat-up
to the maximum temperature of 1570°C in 3 h under vacuum.

    
      
         

      

      
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              6.

            	
              INSTALLATION,
      COLD - HOT TESTS AND TRAINING AT CUSTOMERS
SITE

            

    

     

    Installation,
cold tests, hot tests and site acceptance tests of the SCU 400 furnace system
will be performed by Customer, working under the supervision of ALD
personnel.

     

    Personnel
for installation, cold tests, hot tests and acceptance tests to be provided by
Customer or an outside contractor to be appointed by Customer.

     

    Customer's
maintenance personnel will participate in installation works, performance of
cold test, hot tests and acceptance tests in order to get the requisite
knowledge of the system and its' maintenance and operation.  Customer
will provide specialists in crucible handling and operators during preparation
of cold tests, hot tests and acceptance tests.

     

    Customer
will provide free of charge fully equipped office rooms, as well as the free use
of E-mail/telefax/telephone facilities for the ALD supervisory
personnel.

     

    
      
        	
                6.1

              	
                Training at Customer's
      Site

              

      

    

     

    ALD is
prepared to train Customer's operating- and maintenance personnel in the
equipment according to their future duties and to acquaint the personnel with
operation and maintenance of the equipment.  Such training will be
provided by the ALD supervisors, during colds tests and hot tests for the first
SCU 400 furnace.

     

    The
following Customer's personnel should be present during the
training:

     

    Eight (8)
mechanical engineers and eight (8) electrical engineers who have got the
requisite knowledge at the system and its operation through their participation
during installation, cold test and preparation of hot test.

     

    A number
of eight (8) process engineers should also be present during the
testing.

     

    During
the training the following documents will be explained to Customer:

     

    Instruction
Manual

     

    
      	
               
      

            	
              Ø

            	
              Safety
      regulations

            

    

    
      	
               
      

            	
              Ø

            	
              Technical
      descriptions

            

    

    
      	
               
      

            	
              Ø

            	
              Operating
      instructions

            

    

    
      	
               
      

            	
              Ø

            	
              Maintenance
      instructions

            

    

     

    ALD
supervisors will explain:

     

    
      	
               
      

            	
              Ø

            	
              the
      daily work

            

    

    
      	
               
      

            	
              Ø

            	
              the
      respective drawings and documents for these
jobs

            

    

    
      	
               
      

            	
              Ø

            	
              the
      handling and procedures of various subassemblies and
      components

            

    

    
      	
               
      

            	
              Ø

            	
              detailed
      explanations on all furnace controls and
  interlocks

            

    

    
      	
               
      

            	
              Ø

            	
              detailed
      maintenance advice on the erected
equipment

            

    

    
      	
               
      

            	
              Ø

            	
              cold
      operating of the entire furnace modules to familiarise Customer's
      personnel

            

    

    
      	
               
      

            	
              Ø

            	
              Preparation
      of test melts, crucible
installation

            

    

    
      
         

      

      
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    Both
parties will certify the performance and training results.

     

    
      
        	
                6.2

              	
                Supervision for a set of eighty
      (80) SCU 400 furnaces

              

      

    

     

    Installation,
cold, hot, and acceptance tests of the SCU 400 system will be performed under
supervision of qualified ALD-personnel.

     

    For this
purpose, ALD will provide the following qualified personnel for a period of one
hundred twenty (120) man-weeks:

     

    
      	
               
      

            	
              Ø

            	
              mechanical
      Supervisor

            

    

    
      	
               
      

            	
              Ø

            	
              electrical
      Supervisor

            

    

    
      	
               
      

            	
              Ø

            	
              Process
      Engineer

            

    

     

    Conditions

     

    The above
mentioned period is based on the assumption that the installation, commissioning
and testing will be done consecutively and partly in parallel, will proceed
without interruption and that the installation and commissioning personnel to be
provided by Buyer or by any outside contractor to be appointed by Buyer are
suitably qualified.

     

    Delegation
of the above mentioned ALD-personnel for periods in excess to above mentioned
period will be made on the basis of our "General Conditions of Assembly,
Maintenance and Repair", as well as against payment of daily/hourly rates and
allowances according to the rates valid when the work will be
performed.

     

    The
installation and testing of the equipment is only related to the Scope of Items
to be purchased from Seller.

     

    Customer's
responsibilities include

     

    
      	
               
      

            	
              Ø

            	
              Provision
      of all supervisory personnel plus aIl skilled and unskilled labor needed
      including all necessary tools

            

    

    
      	
               
      

            	
              Ø

            	
              Supply
      of all equipment and consumables, such as cutting and welding gases,
      welding rods, compressed air, etc. needed for installation and initial
      operation

            

    

    
      	
               
      

            	
              Ø

            	
              Provision/construction
      of all cranes, lifting mechanisms, etc.
  required.

            

    

    
      	
               
      

            	
              Ø

            	
              Provision
      of all parts and services not mentioned in the scope of supply described
      before.

            

    

    
      
         

      

      
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      Vacuum Technologies GmbH

              	
                Annex 2
      to Contract CV

              

      

       

    

    
      	
              7.

            	
              FINAL
      COMMISSIONING ACCEPTANCE TEST AT CUSTOMERS
SITE

            

    

     

    After
mechanical completion on customer's site each SCU 400 furnace will again go
through heat and vacuum and leak tests as for the pre-delivery tests, before
cleared for crystallisation.

     

    One (1)
melting and crystallization test with PV grade silicon material will be carried
out for final testing of the SCU 400 furnace.  The cycle time for one
ingot is approx: 50 hours.  Ingot quality: crack free

     

    The
achieved test data will be collected and certified by both
parties.  The said compliance shall be documented by a formal
acceptance protocol confirming ALD's fulfillment of its contractual obligations
and Purchaser's formal acceptance of the system.

     

    If the
hot test and acceptance test runs are interrupted by reasons attributable to
Customer (i.e. crucible, failure of water and energy etc.) ALD is not
responsible for all arising costs and time delay and the respective test shall
be deemed to be successfully completed.

     

    Eventually
arising minor defects which will have no effect toward the overall- functioning
of the system, will not hinder the acceptance of the systems as described
before.  Such minor defects will be remedied by ALD within a period to
be agreed upon, provided the defects are attributable to him.

     

    In case
one or more of the of the acceptance melt(s) could not be successfully completed
due to Seller's fault, the previous successful acceptance melt(s) will be
considered as accepted.  Only the faulty melts will be
repeated.

     

    In case
the faults are attributable to ALD, ALD will be only responsible for cost
related to his supervising personnel and for the cost related to any necessary
modification of the equipment delivered by ALD.  If after the
modification the performance data are not achieved, ALD proceeds to further
modifications at ALD's cost.

     

    In case
the acceptance procedure cannot be performed within four (4) months from date of
FOB-shipment as described above due to reasons not attributable to ALD, or
customer operates the furnace without signing the acceptance protocol, the
equipment is deemed as accepted.

     

    Cost for
operating and testing the equipment during cold test, hot test acceptance melts
and additional melts, i.e. power, operating media, Customer's operating
personnel, crucibles, PV silicon grade charging material will be borne by
Customer.

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

     

    
      	
              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    
      	
              8.

            	
              PURCHASER’S
      OBLIGATIONS

            

    

     

    The
following items / services shall not be construed as being included among the
obligations of ALD, unless such shall be explicitly listed under the schedule of
items and services to be provided by ALD:

     

    
      	
               
      

            	
              Ø

            	
              Maintenance
      and operating personnel

            

    

    
      	
               
      

            	
              Ø

            	
              Travel,
      accommodation, per diem allowances, and incidental costs of customer's
      personnel

            

    

    
      	
               
      

            	
              Ø

            	
              Suitably
      dimensioned lockable office space for use by ALD's supervisory
      personnel

            

    

    
      	
               
      

            	
              Ø

            	
              Sanitary
      installations for both, installation- and supervisory
      personnel

            

    

    
      	
               
      

            	
              Ø

            	
              E-mail
      services during installation, cold tests, hot tests and acceptance
      tests

            

    

    
      
        	
                 
      

              	
                Ø

              	
                Cranes,
      lifting equipment, mounting fixtures, tools and for any items needed for
      unloading, transportation, or for installation of the system in
      Germany

              
	 	
                Ø

              	
                Foundations
      and concrete work, including necessary
  engineering

              

      

    

    
      
      

    

    
      	
               
      

            	
              Ø

            	
              Cable
      conduits in foundations

            

    

    
      	
               
      

            	
              Ø

            	
              Control
      room

            

    

    
      	
               
      

            	
              Ø

            	
              Cooling
      water- and cooling water-re-cooling system, an emergency cooling water
      system, including anti freeze
protection

            

    

    
      	
               
      

            	
              Ø

            	
              Compressed
      air supply, inclusive of any oil and water traps
  needed

            

    

    
      	
               
      

            	
              Ø

            	
              Inert
      gas supply stations including main supply line needed for the Inert Gas
      system

            

    

    
      	
               
      

            	
              Ø

            	
              Specified
      low-voltage supply lines including all necessary fusing/circuit breakers
      and connecting lines, in accordance with suggestions to be submitted by
      ALD

            

    

    
      	
               
      

            	
              Ø

            	
              Vacuum
      pump exhaust lines

            

    

    
      	
               
      

            	
              Ø

            	
              Scavenging
      pumps in pits, if needed

            

    

    
      	
               
      

            	
              Ø

            	
              Building
      illumination

            

    

    
      	
               
      

            	
              Ø

            	
              Fire
      extinguisher systems

            

    

    
      	
               
      

            	
              Ø

            	
              Heating
      and ventilating the plant building

            

    

    
      	
               
      

            	
              Ø

            	
              O2
      warning devices for any pits that may be situated under the
      system

            

    

    
      	
               
      

            	
              Ø

            	
              Coverings
      and railings needed for any pits that may
exist

            

    

    
      	
               
      

            	
              Ø

            	
              PV
      grade silicon raw materials for
melting

            

    

    
      	
               
      

            	
              Ø

            	
              Consumables
      and auxiliaries, such as crucibles/moulds, crucible/mould coating
      material, coated crucibles/moulds

            

    

    
      	
               
      

            	
              Ø

            	
              Media
      needed for system operation at site, such as cooling water, electrical
      power, compressed air, and inert
gases

            

    

    
      	
               
      

            	
              Ø

            	
              Laboratory
      work and material analyses

            

    

    
      	
               
      

            	
              Ø

            	
              All
      peripheral equipment

            

    

    
      	
               
      

            	
              Ø

            	
              Utility
      supplies (inert gas, water, electrical power, compressed air etc.) to the
      connection point of each furnace.

            

    

    
      	
               
      

            	
              Ø

            	
              Hardware
      for operators platform, steel structure and control
  room.

            

    

    
      
         

      

      
        36

        
          

        

      

      
         

      

    

     

    
      	
              ALD
      Vacuum Technologies GmbH

            	
              Annex 2
      to Contract CV

            

    

     

    

    
      
         

      

      
        37

        
          

        

      

      
         

      

    

     

    
      	
              ALD
      Vacuum Technologies GmbH

            	
              Annex 3
      to Contract CV

            

    

     

    To:

     

    Zhejiang
Yuhui Solar Energy Source Co., Ltd (ReneSola)

     

    ADDRESS..
NO.8 Baoqun Road Yaozhuang

     

    Industrial
Park, Jiashan Country, Zhejiang Province

     

    314117
China

     

    PERFORMANCE
BOND NO.

     

    We have
been informed that our customer, ALD Vacuum Technologies GmbH, Wilhelm-Rohn Str.
35, D¬63450 Hanau, hereinafter called the SELLER, and your goodselves
-hereinafter called BUYER -have entered into a contract concerning the supply
of

     

    Eighty
(80) Silicon Crystallisation Units Type SCU 400 capable of Melting,
Crystallising, Annealing and Cooling Down of Photovoltaic Grade Silicon Ingots,
hereinafter called MACHINE(S),

     

    in the
total value of EUR..............................for the MACHINE(S) plus Spare Parts amounting to
€.............................. i.e. the total contract value is €........................

     

    The Value
of this partial shipment for MACHINES no..... to...... amounts to €..................... (i.e.
€............... per MACHINE)

     

    In
accordance with the payment conditions agreed upon, a payment amounting to
....... % of the value of the partial shipment for the MACHINES i.e. EUR
...............will be made by you to the SELLER against a guarantee in your favour,
amounting to 5 % of the value of the partial shipment for the MACHINE(S) i.e.
EUR ...............

     

    In
consideration of the aforesaid, we............... , (Issuing Institute), hereby undertake
to repay to you any sum you may claim from us but not exceeding the amount of
EUR............... , -- within 30 days after receipt of your first demand in writing
wherein you declare simultaneously that the SELLER failed to comply with
obligations regarding HIe acceptance of tile MACHINE for reasons for which he is
responsible. Any claim for payment under this guarantee has to be presented to
us, together with this document, through a first-class bank which has to confirm
to us the authenticity of the signature on your written demand.

     

    It is a
condition for claims and payment under this guarantee to be made that the
payment in the sum of EUR............... (value of this partial shipment) has been
received by (Name of the Bank) at the account............... without reserve in favour of
the SELLER.

    
      
         

      

      
        38

        
          

        

      

      
         

      

    

     

    
      	
              ALD
      Vacuum Technologies GmbH

            	
              Annex 3
      to Contract CV

            

    

     

    Our
liability under this guarantee will expire pro rata acceptance of each MACHINE,
to be proven by SELLER through presentation to us of copie(s) of individual
acceptance protocols for each of the MACHINES or latest 4 months after the
respective date of Bill of Lading. A copy of the Bill of Lading along with a
copy of the respective invoice has to be presented to us by the SELLER which
constitute sufficient proof for the pro rata expiration of the guarantee by
us.

     

    Our
liability under this guarantee will expire automatically 4 months from the date
of Bill of Lading latest however on ............ Any claim under it must be received by
us by that date.

     

    This
guarantee is to be returned to us as soon as it is no longer required, or its
validity has expired whichever is earlier.

     

    
      
        
          	 
      
	
                  Signature
      of the issuing
Institute

                

        

      

    

    
      
         

      

      
        39

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