Document:

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                                                                    Exhibit 10.1

                        SOLARFUN POWER HOLDINGS CO., LTD.
                             2006 SHARE OPTION PLAN

1.   TOTAL NUMBER OF OPTIONS ISSUED:

The total number of options (the "Options") issued under the 2006 Share Option
Plan (the "Plan"), once vested, shall be for 10,799,685 Shares.

Basis for calculation:

The total number of Options that may be granted to the employees of the Company
prior to the IPO shall be 179,994,754 x 6% = 10,799,685, representing 6% of the
total number of Shares (179,994,754) following the series A share subscription.

2.   TIME FOR THE IMPLEMENTATION (GRANT) OF OPTIONS:

The Options shall be granted on November 30, 2006. Each option shall be
exercisable into one Share subject to vesting.

3.   PROVISIONS AND TERM FOR EXERCISE OF OPTIONS

     (i)  The Company shall enter into a separate agreement with each of its
          employees who will be granted the Options which generally shall be
          vested in five years in equal portions.

     (ii) The vesting schedule of the Options for professionals specially drawn
          into the Company, independent directors or the Company's advisors may
          be less than five (5) years, where the board of directors deems
          necessary and appropriate.

     (iii) The Options, once vested, may be exercised at any time prior to
          November 29, 2016; provided, however, that any Shares received upon
          the exercise of the Options either prior to or after the IPO of the
          Company may not be sold until twelve (12) months after the IPO of the
          Company. Any Options that have not been exercised by November 30, 2016
          shall become null and void.

4.   EXERCISE PRICE OF OPTIONS

The exercise price of the Options granted under the Plan shall be as determined
by the Board of Directors.

5.   ADJUSTMENT OF EXERCISE PRICE OF OPTIONS

Upon the Company's distribution of shares in lieu of payment of dividend,
distribution of shares out of the increased capital which is converted from the
capital reserve, rights offering or issuance of new shares, the exercise price
may be adjusted according to the following formula on the basis of the exercise
price set at the time of grant:

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In the case of Share distribution:

Post-adjustment exercise price = Pre-adjustment Exercise Price/ (1+ number of
shares to be distributed for each Share then held);

In the case of rights offering:

Post-adjustment exercise price = (Pre-adjustment exercise price + per Share
price for the shares to be issued pursuant to the rights offering * number of
shares to be issued for each Share then held)/(1+ number of shares to be issued
for each Share then held);

In the case of issuance of new shares: the exercise price shall be adjusted in
the same way as in the case of rights offering.

6.   MANAGEMENT REGULATIONS ON THE GRANT OF OPTIONS

     (i)  The Company will enter into a Share Option Agreement with its
          employees in which each employee who has been granted the Options
          shall undertake to work for the Company for five (5) years starting
          from the Grant Date, or for such term as is otherwise specified in the
          individual Share Option Agreement. In the event that any employee
          resigns prior to the expiration of such term, the employee shall only
          be entitled to the vested Options, and the Options that have been
          granted to but not yet vested in him/her will be forfeited to the
          Company.

     (ii) In the event that any Option holder stops providing services due to
          his/her resignation, dismissal, retirement, incapacity or death, the
          Options granted hereunder shall be treated as follows:

          A.   Upon the resignation of an Option holder from the Company, any
               Options vested in him/her must be exercised within three (3)
               months of his/her resignation or shall become null and void and
               any Options granted to but not yet vested in him/her shall become
               null and void;

          B.   Upon the dismissal of an Option holder by the Company, the
               Options granted to him/her shall be treated as follows:

               1)   where the Option holder is dismissed because he/she has
                    caused material damage to the Company (including as a result
                    of his/her serious dereliction of duty, willful misconduct,
                    gross negligence or criminal conviction), any Options
                    granted to him/her, shall become null and void;

               2)   where the Option holder is otherwise dismissed by the
                    Company for any other reason, the Options granted to him/her
                    shall be treated in the same way as described in (A) above.

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          C.   Upon the retirement of an Option holder from the Company, any
               Options vested in him/her shall be exercised within three (3)
               months as of his/her retirement and any Options granted to but
               not yet vested in him/her shall become null and void.

          D.   The "incapacity of an Option holder" means that such Option
               holder is incapacitated due to lack of capacity for conduct,
               therefore unable to continue to perform the duties assigned to
               him/her. In such case, the Options granted to such Option holder
               may be held on his/her behalf by his/her guardian shall be
               exercised within three (3) months as of the date of his/her
               becoming incapacitated and any Options granted to but not yet
               vested in him/her shall become null and void.

          E.   Upon the death of an Option holder, the Options granted to
               him/her may be held by the heir designated by him/her her in
               his/her will or a statutory heir of him/her, and any Options
               vested in such Option holder must be exercised within three (3)
               months of his/her death or shall become null and void and any
               Options granted to but not yet vested in him/her shall become
               null and void.

          F.   Notwithstanding the foregoing, if any of the events referred to
               in the Article 6(ii)(A) to 6(ii)(E) occurs, so that the Options
               cannot be exercised within three months due to certain reasons,
               including that additional time for registration or administrative
               procedures might be required, then the Option holder, or his or
               her guardian, or his or her designated heir, as applicable, shall
               submit a written application for extension of such exercise
               period. The three-month period shall be extended upon the
               approval of either the Board of Directors or the Compensation
               Committee.

     (iii) Any employee or director or advisor who has been granted the Options
          or any of his/her successors may not transfer, pledge or set off any
          debt with, any Option granted to him/her (whether or not vested in
          him/her).

     (iv) The Board of Directors will formulate the following additional Option
          related documentation:

          1)   Detailed Implementing Rules of the 2006 Share Option Plan;

          2)   Share Option Agreement;

          3)   Share Option Register;

          4)   Share Option Exercise Application;

          5)   Share Option Exercise Notice.

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7.   FINANCIAL TREATMENT OF THE EXERCISE OF OPTIONS

The funds paid by the Option holders for the exercise thereof shall become part
of the paid-in capital of the Company, and the Shares received as a result of
such exercise shall be included in the total share capital of the Company.

8.   OTHER PROVISIONS INVOLVED IN EXERCISE OF OPTIONS

     (i)  Taxation

          An Option holder shall, in accordance with applicable laws and
          regulations, at his/her own expense, pay any tax imposed on the income
          received by him/her as a result of his/her exercise and realization of
          any Options.

     (ii) An Option holder shall, in accordance with the regulations of SAFE and
          other relevant governmental authorities, perform his/her obligations
          with respect to the income received by him/her as a result of his/her
          exercise and realization of any Options, and shall solely assume the
          liabilities caused by his/her failure to perform any such obligations.

     (iii) The Company shall engage a securities broker to assist the Option
          holders with the matters relating to Share/ADS sales and purchase,
          individual income tax withholding and foreign exchange related issues.

10.  RESTRICTIONS ON RIGHTS ATTACHED TO OPTIONS

An Option holder shall not have the rights as a shareholder of the Company.
He/she shall not obtain the rights as a holder of Shares of the Company until
after he/she has exercised any Options granted to him/her, including the right
to receive dividends, the right to receive distributed Shares, the right to vote
and the right to participate in corporate governance enjoyed by holders of
Shares.

11.  ACQUISITION, MERGER OR SHARE SPLIT

In case of a split or combination of the original shares of the Company, the
Options granted to each employee, whether exercised or not, shall be split or
combined at the same ratio.

12.  MISCELLANEOUS

     (i)  The term "Shares" used herein shall mean the ordinary shares of
          Solarfun Power Holdings Co., Ltd., a company incorporated in Cayman
          Islands.

     (ii) The term "Exercise Price" used herein shall mean the per Share price
          at which an Option holder entitled to purchase the Shares of the
          Company under the Options vested in him/her, as adjusted pursuant to
          Section 5 herein.

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     (iii) The term "Grant Date" used herein shall mean the date on which the
          relevant Option holder is granted the relevant Options by the Company.

     (iv) The term "Exercise Date" used herein shall mean the date on which the
          relevant Option holder may purchase the Shares of the Company at the
          price set forth in the Options granted to him/her.

     (v)  Any doubt about the Options under this Plan shall be subject to the
          interpretation by the Board of Directors or the Compensation Committee
          thereunder

     (vi) If a Grant Date or vesting date falls on a public holiday, the grant
          or vesting shall be postponed to the first business day immediately
          after such public holiday.

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                                                                    Exhibit 10.2

                       FORM EXECUTIVE EMPLOYMENT AGREEMENT

This EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is signed on June 19, 2006
in Qidong, the People's Republic of China ("China"), between:

Jiangsu Linyang Solarfun Co., Ltd. (the "Company"), a company organized and
existing under the laws of the People's Republic of China, and

[-] (the "Employee"), an individual residing at [-].

                          ARTICLE 1. GENERAL PROVISIONS

1.1 EMPLOYMENT

The Company hereby offers formal employment to the Employee and the Employee
hereby agrees to be employed by the Company, as Vice President, and shall
perform all services appropriate to that position, as well as such other
services as may be assigned by the Company. The Employee shall devote its best
efforts and full-time attention to the performance of its duties.

                                 ARTICLE 2. TERM

2.1 TERM

The term of this Agreement shall commence on June 19, 2006 (the "Start Date")
and shall continue for a period of three (3) years from the date of commencement
(the "Term"), unless this Agreement is earlier terminated in accordance with its
terms.

2.2 RENEWAL OF AGREEMENT

The Term may be renewed for additional periods from the scheduled expiration of
the Term by written agreement between the parties. Negotiation to renew the Term
shall be held at least sixty (60) days prior to the scheduled expiration of the
Term.

                            ARTICLE 3. SCOPE OF WORK

3.1 SCOPE OF WORK

As Vice President, the Employee's responsibilities shall include (but are not
necessarily limited to) the following areas:

-    As determined by the Board of Directors of the Company or the CEO of the
     Company.

The Employee shall be subject to the direction of the Company, which shall
retain full control of the means and methods by which it performs the above
services and of the place(s) at which all services are rendered. The Employee
shall be expected to travel if necessary or advisable in order to meet the
obligations of its position.

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3.2 DUTIES OF EMPLOYEE

During the Term, the Employee shall be employed by the Company on a full-time
basis and the Employee shall diligently perform the Employee's duties, work in
co-operation with the Employee's colleagues, and observe the terms of this
Agreement and the applicable regulations and guidelines of the Company,
including the work rules contained in the Company's employee handbook (the
"Employee Handbook").

                      ARTICLE 4. REMUNERATION AND BENEFITS

4.1 BASE SALARY

In consideration of the services to be rendered under this Agreement, the
Company shall pay the Employee an initial monthly gross salary determined by the
compensation committee of the board of directors of the Company, payable as
specified below and pursuant to the Company's usual payroll practices. The
Company shall review annually the Employee's compensation and shall determine
whether and how much the existing compensation shall be adjusted, with reference
to the policy or practice that the Company may have for adjusting salaries. All
compensation and comparable payments to be paid to the Employee under this
Agreement shall be less withholdings required by applicable law.

The Employee's salary shall be paid monthly in arrears at the end of each month
or no later than five (5) days from the end of each month and shall be paid
directly to the Employee or through the Employee's bank account. In the event
this Agreement is terminated prior to the end of the Term, the Employee's salary
shall be pro rated accordingly.

4.2 WORKING HOURS

Normal work hours shall be eight (8) hours each day not including meals and
rest, five (5) days per week, Monday to Friday, for a total of forty (40) hours
per week. It may be necessary to work outside normal office hours and on
weekends from time to time. The parties agree that the Employee's salary
specified in Article 4.1 above takes into consideration the work the Employee
may undertake outside normal office hours and that the Employee's working hours
shall be the "Flexible Work Hours", which can ensure the proper completion of
the Employee's work assignments hereunder to the satisfaction of the Company;
therefore, no additional amounts are payable for work outside normal office
hours.

4.3 BONUS AND OPTION

The Employee will be eligible to participate in the Company's annual performance
bonus scheme and any stock option or incentive plan approved and adopted by the
board of directors of the Company.

4.4 BENEFITS

The Employee shall be entitled to insurance and other benefits commensurate with
the Employee's position in accordance with the Company's standard policies in
effect from time to time. The Employee shall also be entitled to ten (10) days
of paid vacation in the first year of

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employment and the number of days of such paid vacation shall be increased in
the following years of employment. All benefits shall begin to accrue on the
Effective Date. In the event this Agreement is terminated prior to the end of
the Term, benefits shall be pro rated accordingly.

4.5 EXPENSES

The Company shall reimburse the Employee for reasonable travel and other
business expenses incurred by the Employee in the performance of its duties, in
accordance with the Company's policies, as they may be amended in the Company's
sole discretion.

                            ARTICLE 5. REPRESENTATION

5.1 CONFLICTING AGREEMENTS

The Employee hereby represents and warrants that the execution of this Agreement
and the performance of the Employee's obligations hereunder will not breach or
be in conflict with any other agreement to which the Employee is a party or is
bound and that the Employee is not now subject to any covenants against
competition or similar covenants that would affect the performance of the
Employee's obligations under this Agreement. The Employee will not disclose to
or use on behalf of the Company any proprietary information of a third party
without such party's consent.

                      ARTICLE 6. TERMINATION OF EMPLOYMENT

6.1 TERMINATION BY COMPANY WITHOUT ADVANCE NOTICE

The Company may, without advance notice, terminate this Agreement under any of
the following circumstances:

(a) The Employee seriously violates the internal rules or labor discipline of
the Company;

(b) The Employee commits an act of serious dereliction of duty or graft, which
causes significant harm to the Company's interest;

(c) The Employee is sentenced for a criminal offence; or

(d) Other circumstances that may give rise to immediate termination of
employment pursuant to the applicable PRC laws and regulations.

6.2 TERMINATION BY COMPANY WITH ADVANCE WRITTEN NOTICE

The Company may terminate this Agreement with thirty (30) days advance written
notice to the Employee under any of the circumstances set forth below:

(a) The Employee is incompetent for his/her job and such incompetence can not be
cured through training or transfer of working positions;

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(b) The Employee suffers a non-occupational disease or injury, and can perform
neither his/her current work assignment nor his/her new work assignment after
expiration of the statutory medical treatment period for his/her
non-occupational disease or injury;

(c) A substantial change of circumstances which renders performance of this
Agreement impossible and attempts at re-negotiating a new agreement fails; or

(d) The Company has to layoff its staff due to (i) legal reorganization caused
by approaching bankruptcy, or (ii) serious difficulties in its production
operations.

6.3 NO TERMINATION BY THE EMPLOYEE

The Employee may not terminate his employment during the Term, provided that he
has received special benefits from the Company, including without limitation the
housing or automobile allowances, stock option or any other incentive plan.

6.4 AUTOMATIC TERMINATION

This Agreement shall be terminated automatically upon the occurrence of any of
the following circumstances:

(a) The Company dissolved or declared bankrupt according to the relevant laws
and regulations;

(b) The Employee reaches the legal retirement age; or

(c) The Employee dies.

6.5 SEVERANCE

Without prejudice to any other rights under the applicable laws, if the
Employee's employment with the Company is terminated pursuant to Articles 6.2,
the Employee shall be entitled to a severance package in accordance with
applicable laws and regulations.

                        ARTICLE 7. EMPLOYEE'S OBLIGATION

7.1 TERMINATION OBLIGATIONS

Upon termination of this Agreement, the Employee agrees that all property,
including, without limitation, all equipment, tangible Confidential Information
(as defined below), documents, records, notes, contracts, and computer-generated
materials furnished to or prepared by the Employee incident to its employment
belongs to the Company and shall be returned promptly to the Company upon
termination of the Employee's employment.

Following any termination of the Term, the Employee shall fully cooperate with
the Company in all matters relating to the winding up of pending work on behalf
of the Company and the orderly transfer of work to other employees of the
Company. The Employee shall also cooperate in the

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defence of any action brought by any third party against the Company that
relates in any way to the Employee's acts or omissions while employed by the
Company.

7.2 OTHER ASSOCIATION

During the Term of this Agreement, the Employee shall neither directly nor
indirectly alone or in association with others be connected with or undertake
any other business or professional activity, including employment, without the
prior written permission of or express authorization by the Company.

7.3 DUE PRACTICE

The Employee shall not, and shall not direct any other person to, offer, promise
or give to any government official, any political party or official thereof, any
candidate for political office, or any other person any money or any other thing
of value while knowing or having reason to know that all or a portion of such
money or thing of value will be offered, promised, or given directly to any of
those listed above for the purpose of influencing any action, omission, or
decision by the recipient in order to obtain or retain business for the Company
or to direct business to another.

            ARTICLE 8. CONFIDENTIALITY; INVENTIONS; NON-COMPETITION;
                                NON-SOLICITATION

8.1 CONFIDENTIALITY

The Employee hereby acknowledges that the Company has and owns certain
confidential information and trade secrets that are not accessible to the
public, are capable of generating economic benefits, have certain tangible
value, and that the Company has adopted appropriate measures to safeguard these
confidential information and trade secrets (the "Confidential Information"). Due
to his/her position in the Company, the Employee is capable of acquiring and
being knowledgeable of such Confidential Information. Confidential Information
includes the following information and data: management and service processes,
technology, sales, marketing, customer information, finances and other
information of the Company or any business entity affiliated with the Company,
and information relating to the products, procedures, business and services of
the Company.

Upon termination of this agreement, the Employee will return to the Company all
files, materials and the photocopies thereof, software, diskettes, hard drive
and laser discs belonging to the Company or relating to the Confidential
Information.

The Employee hereby agrees and warrants that, during the term of this agreement
and in the years thereafter, the Employee shall not use the Confidential
Information of the Company for his/her personal purposes or personal gains or
for any purpose other than the Employee's performance of the Employee's duties
and obligations under this Agreement. Unless otherwise permitted by the Company
in writing, the Employee also agrees that, during the term of this agreement and
after termination of this agreement, he/she shall not disclose any such
Confidential Information to any company or person, organization or entity for
any purpose and in any manner, except (a) to the Company's employees at the
request of the Company, or (b) as

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required by law, regulation, governmental order, or order of any competent
court. The Employee further acknowledges that the Company owns the absolute
title to such Confidential Information, and the Employee will not raise any
objection or claim any right to the ownership to such Confidential Information,
and that, without the written approval of the Company, the Employee shall not
apply for any registration or filing of the ownership right to the Confidential
Information in any place of the world under his/her or any other person or
Company's name.

8.2 INVENTIONS

If, during the term of this Agreement, the Employee performs work that results
in the development of any inventions relating to processes, products or
formulations (the "Inventions"), such Inventions shall be the exclusive property
of the Company, and the Employee shall promptly disclose the Inventions to the
Company, and shall take all necessary steps, including the execution of
documents, to vest title and ownership of the Inventions in the Company.
Notwithstanding the foregoing and subject to complying with Article 7.2, the
Employee shall have the right to retain ownership of all patents obtained on any
Inventions made by the Employee during the Employee's non-working hours, and
without use of or reference to the Company's facilities, Confidential
Information or materials.

8.3 NON-COMPETITION

For so long as this Agreement is in effect and three (3) years thereafter, the
Employee shall not (i) compete with the Company, (ii) directly or indirectly
own, acquire, operate, become an employee of, render services to or participate
in the management of or invest in or loan any funds to any Person that competes
or is reasonably expected to compete with the Company or (iii) solicit, canvass
or entice away any director, officer, employee (including any part-time,
regular, contract or fixed term director, officer or employee) to work for or
otherwise render services to any other Person. To the extent any applicable PRC
law expressly requires the Company to compensate the Employee for the Employee's
compliance with this Article 8.3 during the abovementioned three (3) years of
post-employment non-compete period, the Company shall compensate the Employee in
accordance with such law.

                               ARTICLE 9. REMEDIES

9.1 DAMAGES

Breach of any of the provisions of this Agreement may lead to disciplinary
action, instant dismissal or other action against the Employee. The Employee
shall be held liable for any damage caused by a serious non-observance of the
rules and regulations of the Company and for any breach of this Agreement.

                         ARTICLE 10. DISPUTE RESOLUTION

10.1 DISPUTE RESOLUTION

The parties shall settle labour disputes in accordance with the following
procedure:

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a. The parties shall first settle any dispute arising from the performance of
this Agreement through consultation.

b. Should such consultation fails; any party may submit such dispute to the
local Labour Dispute Arbitration Commission within sixty (60) days after the
occurrence of the dispute.

c. If any party is not satisfied with the award of the Labour Arbitration
Commission, such party may bring a lawsuit at the local People's Court within
fifteen (15) days after receiving such award.

                            ARTICLE 11. MISCELLANEOUS

11.1 COMPANY RULES

The Employee Handbook, as amended from time to time, and other rules and
materials issued by the Company from time to time shall form part of the terms
and conditions of this Agreement.

11.2 WAIVER

No failure to exercise and no delay in exercising any right, remedy, or power
under this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, remedy, or power under this Agreement preclude
any other or further exercise thereof, or the exercise of any other right,
remedy, or power provided herein or by law or in equity.

11.3 SUCCESSORS AND ASSIGNS

Neither party may assign this Agreement or the rights and obligations hereunder
to any third party; provided, however, that the Company may assign its rights
and obligations under this Agreement to a successor entity to the Company as the
result of a merger or other corporate reorganization and which continues the
business of the Company, or to any subsidiary of the Company.

11.4 GOVERNING LAW; SEVERABILITY

The formation, validity, interpretation, execution, amendment and termination of
this Agreement shall be governed by the laws of China. If this Agreement at any
time conflicts with any applicable law and regulation, the Company and the
Employee will comply with all legal requirements and shall promptly amend this
Agreement accordingly. In the event any of the provisions of this Agreement
shall be held by a court or other tribunal of competent jurisdiction to be
unenforceable, the other provisions of this Agreement shall remain in full force
and effect.

11.5 ENTIRE AGREEMENT; AMENDMENT

This Agreement (i) shall come into effect when it is signed by the parties, (ii)
contains a complete statement of all the arrangements between the parties with
respect to the Employee's employment by the Company, (iii) supersedes all prior
and existing negotiations and agreements between the parties concerning the
Employee's employment and (iv) can only be changed or

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modified pursuant to a written instrument duly executed by the Employee and by a
duly authorized representative of the Company other than the Employee.

11.6 FORCE MAJEURE

The obligations of the Company under this Agreement shall be suspended during
the period and to the extent of the Company is prevented or hindered from the
complying therewith by "Force Majeure." In such event, the Company shall give
notice to the Employee in writing of such suspension as soon as reasonably
possible, stating the date and extent of such suspension and the cause thereof.
In the event that the Company reasonably believes that the "Force Majeure" is
likely to have a permanent effect, this Agreement will be terminated immediately
and the Employee will be compensated up to the date of termination.

"Force Majeure" means any cause beyond the reasonable control of the Company
including but not limited to acts of God, wars, strikes, lock-outs, labor
disputes and compliance with any law, order, rule, regulation or direction of
any government, governmental agency or authority or state-owned enterprise.

11.7 LANGUAGE

This Agreement is executed in English and Chinese.

IN WITNESS WHEREOF, the Company and the Employee have caused this Agreement to
be executed on the date first written above.

By:
    --------------------------
    Name:
    Title:

By:
    --------------------------
    Name:

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