Document:

EX-10.7

 Exhibit 10.7 

EXEUCTION COPY 
  

	
	  

LOAN AGREEMENT
  

US$120,000,000
  

dated as of April 21, 2015
  

among
  

HANWHA Q CELLS CO., LTD.

as Borrower
  

THE KOREA DEVELOPMENT BANK

as Mandated Lead Arranger
  

THE BANKS AND OTHER FINANCIAL INSTITUTIONS

named herein as Lenders
  

and
  

KDB ASIA LIMITED
 as
Agent
  

	 
	

  

 CONTENTS 
  

							
	Section				 	Page	  
			
	Section 1.		Interpretation		 	1	  
			
	Section 2.		The Facility		 	4	  
			
	Section 3.		The Drawdown		 	5	  
			
	Section 4.		Interest		 	6	  
			
	Section 5.		Repayment, Prepayment and Cancellation		 	7	  
			
	Section 6.		Fees and Expenses		 	8	  
			
	Section 7.		Payments and Evidence of Debt		 	8	  
			
	Section 8.		Market Disruption		 	10	  
			
	Section 9.		Change of Law or Circumstances		 	11	  
			
	Section 10.		Taxes and Other Deductions		 	12	  
			
	Section 11.		Representations and Warranties		 	12	  
			
	Section 12.		Covenants		 	14	  
			
	Section 13.		Events of Default		 	16	  
			
	Section 14.		Default Interest		 	20	  
			
	Section 15.		Indemnities and Pro Rata Sharing		 	20	  
			
	Section 16.		Lenders and Agent		 	21	  
			
	Section 17.		Assignment, Transfer and Lending Offices		 	24	  
			
	Section 18.		Governing Law and Jurisdiction		 	25	  
			
	Section 19.		Notices		 	26	  
			
	Section 20.		Miscellaneous		 	27	  
		
	SCHEDULES				
			
	Schedule I		Lenders and their Commitments				
			
	Schedule II		Conditions Precedent Documents				
		
	EXHIBITS				
			
	Exhibit A		Form of Notice of Drawdown				
			
	Exhibit B		Form of Guaranty				
			
	Exhibit C		Form of Transfer Certificate				

 LOAN AGREEMENT 

THIS AGREEMENT is made on the 21st day of April, 2015 

AMONG: 
  

	(1)	HANWHA Q CELLS CO., LTD., an exempted company incorporated under the laws of Cayman Islands with company number 167472 and its registered office at c/o Maples Corporate Services Limited, P.O. Box 309,
Grand Cayman, KYI-1104, Cayman Islands, as borrower (“Borrower”); 

  

	(2)	THE KOREA DEVELOPMENT BANK as mandated lead arranger (“Mandated Lead Arranger”); 

  

	(3)	THE BANKS AND OTHER FINANCIAL INSTITUTIONS listed in Schedule I as lenders (each a “Lender” and collectively the “Lenders”); and 

 

	(4)	KDB ASIA LIMITED as agent (“Agent”). 

 IT IS HEREBY AGREED as follows: 

Section 1. Interpretation 
  

	1.1	Definitions. In this Agreement, unless the context requires otherwise: 

“Affiliate” means any of Hanwha Advanced Materials Corporation, HANHWA GALLERIA Co., Ltd., Hanwha SolarOne Hong Kong Limited,
Hanwha SolarOne(Qidong) Co., Ltd., Hanwha Q CELLS Malaysia Sdn. Bhd. and Hanwha Q CELLS Gmbh; provided that if there is any change to the corporate governance of Borrower, Guarantor or any of the companies mentioned above or otherwise, any
additional person(s) may be added to the definition of “Affiliate” by Agent’s written notice thereof to Borrower; For the avoidance of doubt, the contents set forth in the written notice (including, but not limited to, such addition
of companies) shall be conclusive and binding on Borrower. 
 “Availability Period” means the period commencing on the date
of this Agreement and ending on the earlier of (i) the date one (1) month from the date of this Agreement and (ii) the date on which the Facility is fully drawn, cancelled or terminated under the provisions of this Agreement; 

“Banking Day” means a day (excluding Saturday and Sunday) on which banks are open for business in Seoul, Hong Kong, London and
Cayman Islands, and if on that day a payment is to be made under this Agreement, New York City also; 
 “Commitment” means,
in relation to each Lender, the principal amount set opposite that Lender’s name in Schedule I as reduced in accordance with this Agreement, being the maximum amount from time to time which that Lender is committed to make available under
the Facility; 
 “Dollars” or the sign “US$” means the lawful currency of the United States of America;

 “Drawdown” means the drawdown under the Facility pursuant to Section 3;

 “Encumbrance” means any mortgage, charge, pledge, lien, encumbrance, hypothecation, assignment or other security interest
or any other agreement or arrangement (including, without limitation, title transfer and retention arrangements) having the effect of conferring security; 

“Event of Default” means any event or circumstance specified as such in Section 13; and “prospective Event of
Default” means any event or circumstance which with the giving of notice and/or the passage of time and/or the making of any relevant determination and/or the forming of any necessary opinion would be an Event of Default; 

“Facility” means the transferable term loan facility to be made available under this Agreement; 

“Guarantor” means Hanwha Chemical Corporation, a corporation organized and existing under the laws of Korea with its
registered head office at 17th Floor, Hanwha Bldg. 86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea; 
 “Guaranty” means
the joint and several guaranty to be executed by Guarantor in the form set forth in Exhibit B; 
 “Interest Payment
Date” means the last day of an Interest Period; 
 “Interest Period” means: 

 

	 	(a)	in relation to the Loan, an interest period ascertained in accordance with Section 4; and 

  

	 	(b)	in relation to an overdue amount, each Designated Interest Period determined for that overdue amount in accordance with Section 14.1(a) hereof or Section 6.2 of the Guaranty. 

“Korea” means the Republic of Korea; 

“Lending Office” means, in relation to each Lender, its office at the address specified in Schedule I or such other
office selected by it from time to time pursuant to Section 17.6; 
 “LIBOR” means, in relation to any Interest Period,
the rate shown on the Reuters Screen as being the rate per annum at which Dollar deposits are offered (i) in the case of an Interest Period for the Loan, for a period of three (3) months and (ii) in the case of an Interest Period for
an overdue amount, for a period equal or comparable to such period, at or about 11:00 a.m. (London time) on the second London Banking Day before the first day of such period; and, if such rate is below zero, LIBOR shall be deemed to be zero;
for this purpose “Reuters Screen” means the display designated as page “LIBOR01” on the Reuters screen or such other page as may replace page “LIBOR01” on that service or such other service as may be nominated by
the ICE Benchmark Administration Limited as the information vendor for the purpose of displaying the ICE Benchmark Administration Limited LIBOR Rate for Dollar deposits; 

  
 -2- 

 “Loan” means the aggregate principal amount drawn and for the time being
outstanding under the Facility; 
 “London Banking Day” means a day on which Dollar deposits may be dealt in on the London
interbank market; 
 “Majority Lenders” means the Lenders whose aggregate Participations in the Loan exceed sixty-six and
two-thirds of one percent (66 2/3%) of the Loan or, if the Drawdown has not yet been made, whose aggregate Commitments exceed sixty-six and two-thirds of one percent (66 2/3%) of all the Commitments; 

“Margin” means two point three percent (2.3%) per annum; 

“Notice of Drawdown” means a notice in the form set forth in Exhibit A; 

“Participation” means, in relation to each Lender, in respect of any amount owing to the Lenders hereunder, the proportion of
such amount which is owing to that Lender and, in respect of the Drawdown, the proportion of the Drawdown which is to be made available by that Lender and “Participation in the Facility” shall be construed accordingly; 

“Repayment Date” means the date three (3) years from the date of the Drawdown; 

“Transfer Certificate” means a certificate substantially in the form of Exhibit C, completed and delivered in the manner
provided for herein and therein; and 
 “Transferee” means the transferee of a Participation referred to in a Transfer
Certificate. 
  

	1.2	Construction. In this Agreement, unless the context requires otherwise, any reference to: 

an “authorization” includes any approvals, consents, licenses, permits, franchises, permissions, registrations, resolutions,
directions, declarations and exemptions; 
 “indebtedness” includes any obligation of any person for the payment or
repayment of money, whether present or future, actual or contingent, including but not limited to any such obligation: 
  

	 	(a)	under or in respect of any acceptance, bill, bond, debenture, note or similar instrument; 

  

	 	(b)	under or in respect of any guarantee, indemnity, counter-security or other assurance against financial loss; 

  

	 	(c)	in respect of the purchase, hire or lease of any asset or service; or 

  

	 	(d)	in respect of any indebtedness of any other person whether or not secured by or benefiting from an Encumbrance on any property or asset of such person; 

“law” and/or “regulation” includes, whether or not having the force of law, any constitutional provisions,
treaties, conventions, statutes, acts, laws, decrees, ordinances, subsidiary and subordinate legislation, orders, rules and regulations and rules of civil and common law and equity; 

  
 -3- 

 a “month” means a period starting on one day in a calendar month and ending on
the numerically corresponding day in the next calendar month or (if there is no such numerically corresponding day or if a period starts on the last day in a calendar month) on the last day of such next calendar month; 

an “order” includes any judgment, injunction, decree, determination or award of any court, arbitration or administrative
tribunal; 
 a “person” includes any individual, company, body corporate or unincorporated or other juridical person,
partnership, firm, joint venture or trust or any federation, state or subdivision thereof or any government or agency of any thereof; and 

“tax” includes any tax, levy, duty, charge, impost, fee, deduction or withholding of any nature now or hereafter imposed,
levied, collected, withheld or assessed by any taxing or other authority and includes any interest, penalty or other charge payable or claimed in respect thereof and “taxation” shall be construed accordingly. 

 

	1.3	Successors and Assigns. The expressions “Borrower”, “Guarantor”, “Lender”, “Mandated Lead Arranger” and “Agent” shall,
where the context permits, include their respective successors and permitted assigns and any persons deriving title under them. 

  

	1.4	Miscellaneous. In this Agreement, unless the context requires otherwise, references to statutory provisions shall be construed as references to those provisions as replaced, amended, modified or re-enacted
from time to time; words importing the singular include the plural and vice versa and words importing a gender include every gender; references to this Agreement shall be construed as references to such document as the same may be amended,
supplemented or novated from time to time; unless otherwise stated, references to Sections, Schedules and Exhibits are to sections of and the schedules and the exhibits to this Agreement and references to this Agreement include the Schedules and the
Exhibits. Section headings are inserted for reference only and shall be ignored in construing this Agreement. 

Section 2. The Facility 
  

	2.1	Amount and Participations. Subject to the provisions of this Agreement: 

  

	 	(a)	the aggregate principal amount of the Facility available to Borrower is One Hundred Twenty Million Dollars (US$120,000,000); and 

  

	 	(b)	each Lender will participate in the Facility in the proportion which its Commitment bears to the aggregate Commitments of all the Lenders. 

 

	2.2	Purpose. The proceeds of the Facility shall be used exclusively for financing Borrower’s general working capital requirements and repayment of its existing debt. None of the Lenders, Mandated Lead
Arranger and Agent shall have any responsibility for the application of the proceeds by Borrower. 

  
 -4- 

	2.3	Lenders’ Several Liability. The rights and obligations of the Lenders hereunder are several and accordingly: 

  

	 	(a)	the amount at any time outstanding hereunder to each Lender or Agent by Borrower shall be a separate and independent debt and each Lender and Agent shall be entitled to protect and enforce its respective rights arising
out of this Agreement; and 

  

	 	(b)	the failure of any Lender to perform its obligations hereunder shall not relieve any other Lender, Agent or Borrower of any of its respective obligations, nor shall any Lender or Agent be responsible for the obligations
of any other Lender. 

 Section 3. The Drawdown 

 

	3.1	Availability of Drawdown. Subject to Section 3.2 and the other terms and conditions of this Agreement, Borrower shall make a single Drawdown of the full amount of the Facility on any Banking Day
during the Availability Period. 

  

	3.2	Conditions of Drawdown. The obligations of the Lenders to make the Facility available to Borrower are subject to the conditions that: 

 

	 	(a)	Agent shall have received, before the Notice of Drawdown is given or at such later time as Agent may agree, all of the documents and evidence specified in Schedule II in form and substance satisfactory to Agent and
in such number of copies or counterparts as Agent may require. Copies required to be certified shall be certified in a manner satisfactory to Agent by a duly authorized officer of Borrower or other party concerned; 

 

	 	(b)	Agent shall have received not later than 12:00 noon (Hong Kong time) on the third (3rd) Banking Day before the date on which the Drawdown is proposed to be
made (or such later time as Agent may agree) a duly completed and signed Notice of Drawdown; 

  

	 	(c)	no Event of Default or prospective Event of Default shall have occurred (or would occur as a result of the Drawdown being made) and all representations and warranties made by Borrower in or in connection with this
Agreement or Guarantor in or in connection with the Guaranty shall be true and correct as at the date of the making of the Drawdown with reference to the facts and circumstances then subsisting; 

 

	 	(d)	since the date of this Agreement, there shall not have been any change, or any development involving a prospective change, in or affecting the business or financial condition of Borrower or Guarantor the effect of
which, in the reasonable opinion of Agent, is material and adverse; 

  

	 	(e)	since the date of this Agreement, there shall not have been any change, or any development involving a prospective change, in or affecting the social, economic, foreign exchange or political conditions of Cayman Islands
or Korea or the international money, capital or syndicated loan markets the effect of which, in the reasonable opinion of Agent, is material and adverse; and 

  
 -5- 

	 	(f)	not later than 11:00 a.m. (Hong Kong time) on the date on which the Drawdown is proposed to be made, Agent shall have received and found satisfactory such additional information, legal opinions and documents
relating or relevant to this Agreement as Agent may reasonably require as a result of circumstances arising or becoming known to Agent since the date of this Agreement. 

 

	3.3	Notification. Agent shall promptly notify the Lenders of receipt of the Notice of Drawdown whereupon each Lender shall, subject to the provisions of this Agreement, make available to Borrower its
Participation in the Drawdown in accordance with Section 7.1. 

  

	3.4	Notice of Drawdown Irrevocable. The Notice of Drawdown once given shall be irrevocable and Borrower shall be bound to make the Drawdown in accordance therewith, except as otherwise provided in this
Agreement. If for any reason the Drawdown is not made in accordance with the Notice of Drawdown, Borrower shall on demand pay to Agent for the account of each Lender such amount (if any) as such Lender may certify to be necessary to compensate it
for any loss or expense incurred in liquidating or redeploying funds arranged for the purpose of the proposed Drawdown or otherwise as a consequence of the proposed Drawdown not having been made in accordance with the Notice of Drawdown.

  

	3.5	Cancellation. If the Facility is undrawn at the end of the Availability Period, it shall be automatically cancelled. 

Section 4. Interest 
  

	4.1	Interest. Borrower shall pay interest on the Loan in accordance with the provisions of this Section. 

  

	4.2	Interest Periods. The Interest Periods applicable to the Loan shall be three (3) months, provided that: 

  

	 	(a)	the first Interest Period shall commence on the date on which the Drawdown is made; 

  

	 	(b)	each Interest Period (except the first Interest Period) shall commence on the last day of the preceding Interest Period; 

  

	 	(c)	any Interest Period which would otherwise end on a non-Banking Day shall instead end on the next following Banking Day or, if that Banking Day is in another calendar month, on the immediately preceding Banking Day;

  

	 	(d)	if any Interest Period commences on the last Banking Day of a calendar month or on a day for which there is no numerically corresponding day in the calendar month three (3) months thereafter, that Interest Period
shall, subject to paragraph (e), end on the last Banking Day of such later calendar month; and 

  

	 	(e)	any Interest Period which would otherwise extend beyond the Repayment Date shall instead end on that date. 

  
 -6- 

	4.3	Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum conclusively determined by Agent to be the aggregate of
LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues
but excluding the last, and shall be paid in arrears on each Interest Payment Date. Agent shall notify Borrower and the Lenders of each interest rate determined under this Section. 

Section 5. Repayment, Prepayment and Cancellation 
  

	5.1	Repayment. Subject as otherwise provided herein, Borrower shall repay the Loan in one lump sum, together with all accrued interest and other monies due and payable in connection with the Facility, on the
Repayment Date. 

  

	5.2	Voluntary Prepayment. Borrower may prepay all or part of the Loan on any Interest Payment Date, provided that: 

  

	 	(a)	Borrower shall have given to Agent not less than thirty (30) days’ prior written notice specifying the amount and date of prepayment; 

 

	 	(b)	the amount of any partial prepayment shall be at least Five Million Dollars (US$5,000,000) and an integral multiple of Two Million Dollars (US$2,000,000) except in the case of a prepayment in full of the entire
remaining balance of the Loan; and 

  

	 	(c)	all other sums then due and payable under this Agreement shall have been paid. 

  

	5.3	Provisions Applicable to Prepayments. Any notice of prepayment given by Borrower under any provision of this Agreement shall be irrevocable and Borrower shall be bound to make a prepayment in accordance
therewith. Amounts prepaid may not be reborrowed under this Agreement. 

  

	5.4	Other Amounts. If the Loan or any part thereof is prepaid under any provision of this Agreement, Borrower shall also pay to Agent for the account of each Lender concerned: 

 

	 	(a)	at the time of prepayment, such Lender’s proportion of interest accrued up to the date of prepayment and all other sums payable by Borrower under this Agreement for the account of such Lender; and

  

	 	(b)	on demand, such amount as such Lender may certify to be necessary to compensate it for any loss or expense incurred as a consequence of such prepayment (including any loss incurred in liquidating or redeploying funds
acquired to maintain such Lender’s Participation in the Loan as a result of such prepayment not being made on the last day of an Interest Period or otherwise). 

 

	5.5	No Voluntary Cancellation. Borrower may not cancel all or any part of the Facility before the end of the Availability Period. 

  
 -7- 

 Section 6. Fees and Expenses 

 

	6.1	Upfront Fee. Borrower shall, whether or not the Drawdown is made hereunder, pay to Agent for the account of each Lender a non-refundable upfront fee in accordance with the arrangements agreed between
Mandated Lead Arranger and the Lenders on or prior to the date of this Agreement and a letter of even date herewith addressed by Mandated Lead Arranger to and accepted by Borrower. 

 

	6.2	Agency Fee. Borrower shall pay to Agent for its own account a non-refundable agency fee in the amount of US$15,000 per annum during the period from the date of this Agreement until all sums due or to
become due under this Agreement have been paid. The agency fee shall be payable annually in advance on the date of the Drawdown and on each anniversary thereof. 

  

	6.3	Expenses. Borrower shall forthwith on demand and whether or not the Drawdown is made pay to or reimburse each of Mandated Lead Arranger, Agent and the Lenders for its own account for all reasonable costs,
charges and expenses (including legal and other fees on a full indemnity basis and translation, communication, advertisement, travel and all other out-of-pocket expenses) incurred by it in connection with the negotiation, syndication, preparation,
execution and (where relevant) registration of this Agreement and any other documentation required hereunder and the arrangement of the Facility and any amendment hereto and any inspection, calculation, approval, consent or waiver to be conducted,
made or given by Agent or the Lenders pursuant to any provision of this Agreement. 

  

	6.4	Enforcement Costs. Borrower shall from time to time forthwith on demand pay to or reimburse each of Mandated Lead Arranger, Agent and the Lenders for all reasonable costs, charges and expenses (including
legal and other fees on a full indemnity basis and all other out-of-pocket expenses) incurred by it in exercising any of its rights or powers under this Agreement or in suing for or seeking to recover any sums due under this Agreement or otherwise
preserving or enforcing its rights under this Agreement or in defending any claims brought against it in respect of this Agreement. 

  

	6.5	Taxes. Borrower shall pay all present and future stamp and other like duties and taxes and all notarial, registration, recording and other like fees which may be payable in respect of this Agreement and
shall indemnify each of the Lenders, Mandated Lead Arranger and Agent against all liabilities, costs and expenses which may result from any default in paying such duties, taxes or fees. Borrower shall also pay to each of Mandated Lead Arranger,
Agent and the Lenders on demand, in addition to any amount payable by Borrower to Mandated Lead Arranger, Agent or such Lender (as the case may be) under this Agreement, any goods and services, value added or other similar tax payable in respect of
that amount (and references in this Agreement to that amount shall be deemed to include any such taxes payable in addition to it). 

Section 7. Payments and Evidence of Debt 
  

	7.1	The Drawdown. Amounts to be advanced by the Lenders to Borrower under this Agreement shall be made available to Agent not later than 10:00 a.m. (New York time) on the date of the Drawdown in same day
funds (or in such other funds as may then be customary for the settlement in Dollars in New York City of transactions of this nature) to the account of Agent (account no. 001-1-385903) with JP Morgan Chase Bank, New York (or to such other account as
Agent may designate). Agent shall make available to Borrower the amounts received by it by payment to the account to be designated by Borrower in the Notice of Drawdown. Borrower shall be deemed to have borrowed the relevant amount when such payment
is made by Agent. 

  
 -8- 

	7.2	Payments by Borrower. All payments by Borrower under this Agreement shall be made to Agent not later than 10:00 a.m. (New York time) on the relevant due date in same day funds (or in such other funds
as may then be customary for the settlement in Dollars in New York City of transactions of this nature) to the account of Agent (account no. 001-1-385903) with JP Morgan Chase Bank, New York (or to such other account as Agent may designate), in each
case under facsimile advice to Agent. Agent shall forthwith distribute to each Lender its due proportion (if any) of the amounts received by it in like funds as are received by Agent and to the account of such Lender specified in Schedule I
hereto or to such other account as such Lender shall have previously notified to Agent. 

  

	7.3	Allocation of Receipts. If any amount received by Agent is less than the full amount due, Agent in consultation with the Lenders shall have the right to allocate the amount received towards principal,
interest and/or other sums owing hereunder as it considers appropriate. 

  

	7.4	Refunds. If Agent distributes to a Lender an amount which Agent has not (but should have) received from Borrower, such Lender shall on request promptly refund such amount to Agent together with interest
thereon for the relevant period at the rate per annum certified by Agent to represent the cost to it of funding such amount for such period. If Agent distributes to a Lender an amount which is required to be repaid to Borrower, such Lender shall on
request promptly refund such amount to Agent together with such interest thereon (if any) as is required to be paid to Borrower. If Agent makes an amount available to Borrower which Agent has not (but should have) received from a Lender, Borrower
shall on request promptly refund such amount to Agent together with interest thereon at the rate referred to above. 

  

	7.5	Banking Days. Subject to Section 4.2, if any sum would otherwise become due for payment on a non-Banking Day that sum shall become due on the next following Banking Day (except for the repayment due
under Section 5.1, which shall become due on the immediately preceding Banking Day) and interest shall be adjusted accordingly. 

  

	7.6	Evidence of Debt. Agent shall maintain on its books in accordance with its usual practice a set of accounts recording the amounts from time to time owing by Borrower hereunder. In any legal proceeding and
otherwise for the purposes of this Agreement the entries made in such accounts shall, in the absence of manifest error, be conclusive and binding on Borrower as to the existence and amounts of the obligations of Borrower recorded therein.

  

	7.7	Certificate Conclusive and Binding. Where any provision of this Agreement provides that a Lender or Agent may certify or determine an amount or rate payable by Borrower, a certificate by such Lender or
Agent as to such amount or rate shall be conclusive and binding on Borrower in the absence of manifest error. 

  
 -9- 

 Section 8. Market Disruption 

 

	8.1	Market Disruption. If in relation to any Interest Period for the Loan: 

  

	 	(a)	Agent determines (which determination shall be conclusive and binding) that by reason of circumstances affecting the London interbank market generally, adequate and fair means do not exist for ascertaining LIBOR for
that Interest Period; or 

  

	 	(b)	no rate appears on the Reuters Screen for that Interest Period; or 

  

	 	(c)	Agent is notified by the Majority Lenders that for whatever reason (including, without limitation, circumstances affecting the London interbank market generally or circumstances affecting a particular category of banks
and other financial institutions only), deposits in Dollars in the required amount for the relevant Interest Period are not available to them in the London interbank market or from whatever sources they may select to obtain funds for that Interest
Period; or 

  

	 	(d)	Agent is notified by the Majority Lenders that for whatever reason (including, without limitation, circumstances affecting the London interbank market generally or circumstances affecting a particular category of banks
and other financial institutions only) the aggregate of LIBOR for that Interest Period and the Margin does not adequately reflect (i) the cost to them of obtaining funds for that Interest Period from whatever sources they may select and
(ii) the effective return to them in respect of the Facility expected at the time of execution of this Agreement, 

 Agent
shall promptly notify Borrower and the Lenders accordingly and, if not already made, the Drawdown shall not be made unless and until an alternative basis is agreed upon in accordance with Section 8.2. 

 

	8.2	Alternative Basis by Agreement. Immediately following such notification, Borrower and Agent, in consultation with the Lenders, shall negotiate in good faith with a view to agreeing upon an alternative
basis for funding the Loan and determining the applicable interest rate, which alternative basis shall, for the avoidance of any doubt, include adjustment of the applicable Margin. If an alternative basis is agreed within a period of thirty
(30) days after such notification or such longer period for discussion as Borrower and Agent, with the consent of the Lenders, may agree, the alternative basis shall take effect in accordance with its terms. 

 

	8.3	Alternative Basis Determined by Lenders. If an alternative basis is not so agreed and the Drawdown has been made, Borrower shall pay interest to each Lender on its Participation in the Loan for the
relevant Interest Period at the rate per annum equal to the aggregate of (i) the Margin and (ii) the cost (expressed as an annual interest rate) to such Lender of funding its Participation in the Loan during the relevant
Interest Period (as conclusively determined by such Lender). 

  

	8.4	Cancellation and Prepayment. If an alternative basis is not so agreed pursuant to Section 8.2; 

  
 -10- 

	 	(a)	if the Drawdown has not been made, the Facility shall be cancelled and all sums outstanding under this Agreement shall be paid to Agent at the end of the period for negotiation ascertained in accordance with
Section 8.2; or 

  

	 	(b)	if the Drawdown has already been made, Agent may require Borrower to prepay the Loan, by giving written notice to Borrower specifying a prepayment date which is not less than fourteen (14) days after such notice is
given. On the specified date the Facility shall be cancelled and Borrower shall prepay the Loan in full together with interest thereon from the beginning of the relevant Interest Period to the date of prepayment and all other sums payable by
Borrower under this Agreement. For this purpose, the interest rate from time to time applicable to each Lender’s Participation in the Loan shall be the rate ascertained in accordance with Section 8.3 in relation to the relevant period.

 Section 9. Change of Law or Circumstances 

 

	9.1	Unlawfulness. If it becomes unlawful for any Lender to give effect to its obligations hereunder, such Lender shall through Agent so notify Borrower, whereupon such Lender’s Commitment shall be
cancelled and its obligation to maintain its Participation in the Loan shall cease. Borrower shall forthwith after such notification, or such longer period as such Lender may certify as being permitted by the relevant law, prepay such Lender’s
Participation in the Loan in full together with interest accrued thereon to the date of prepayment and any other monies owing hereunder to such Lender. 

  

	9.2	Increased Cost. If a Lender determines that any change in any applicable law or regulation or in the interpretation or application thereof or compliance by such Lender with any applicable direction,
request or requirement (whether or not having the force of law) of any competent governmental or other authority does or will: 

  

	 	(a)	subject such Lender to any tax or other payment with reference to sums payable by Borrower under this Agreement (except (i) tax on such Lender’s overall net income in the jurisdiction of its principal office
or Lending Office or (ii) as referred to in Section 10) or oblige such Lender to forgo any interest or other return on or calculated by reference to the amount of any sum received or receivable by it under this Agreement; or

  

	 	(b)	impose on such Lender any other condition the effect of which is to (i) increase the cost to such Lender of participating in the Facility, including without limitation increased costs resulting from complying with
applicable capital adequacy requirements, or (ii) reduce the amount of any payment receivable by, or the effective return to, such Lender in respect of the Facility; 

such Lender may through Agent so notify Borrower, and Borrower shall from time to time upon demand (whether or not such Lender’s
Participation in the Loan has been repaid) pay to Agent for the account of such Lender such amounts as such Lender may certify to be necessary to compensate it for such tax, payment, increased cost or reduction (each an “increased
cost”). Where such increased cost arises from circumstances contemplated above which affect such Lender’s business generally or the manner in which or extent to which such Lender allocates capital resources, such Lender shall be
entitled to such increased cost as it determines and certifies is fairly allocable to its Participation in the Facility. So long as the circumstances giving rise to such increased cost continue, Borrower may, after giving Agent not less than thirty
(30) days’ prior written notice, prepay all (but not only part) of such Lender’s Participation in the Loan in accordance with Sections 5.3 and 5.4, and upon the giving of such notice such Lender’s Commitment shall be
cancelled. 

  
 -11- 

 Section 10. Taxes and Other Deductions 

 

	10.1	Payments to be Free and Clear. All sums payable by Borrower under this Agreement shall be paid in full without set-off or counterclaim or any restriction or condition and free and clear of any tax or other
deductions or withholdings of any nature. 

  

	10.2	Grossing-up of Payments. (a) If Borrower or any other person is required by any law or regulation to make any deduction or withholding (on account of tax or otherwise) from any payment for the account
of Mandated Lead Arranger, Agent or any Lender, Borrower shall, together with such payment, pay such additional amount as will ensure that Mandated Lead Arranger, Agent or such Lender receives (free and clear of any tax or other deductions or
withholdings) the full amount which it would have received if no such deduction or withholding had been required. Borrower shall promptly forward to Agent copies of official receipts or other evidence showing that the full amount of any such
deduction or withholding has been paid over to the relevant taxation or other authority. 

 (b) Without prejudice to the
provisions of paragraph (a) above, if any person or Agent on its behalf is required to make any payment on account of tax or otherwise (not being a tax on the overall net income of any Lender in the jurisdiction of its principal office or
Lending Office) on or in relation to any sum received or receivable hereunder by such person or Agent on its behalf (including, without limitation, any sum received or receivable under this Section 10) or any liability in respect of any such
payment is asserted, imposed, levied or assessed against such person or Agent on its behalf, Borrower shall, upon demand of Agent, promptly indemnify such person against such payment or liability, together with any interest, penalties and expenses
payable or incurred in connection therewith. 
 Section 11. Representations and Warranties 

Borrower represents and warrants to each Lender and Agent as follows: 

 

	11.1	Incorporation and Qualification. Borrower is an exempted company duly incorporated, and validly existing and in good standing under the laws of Cayman Islands. Each Affiliate is duly organized and validly
existing under the laws of its respective jurisdiction of organization. Borrower and each of the Affiliates are qualified or registered to do business in every jurisdiction where the failure to so qualify or register could have a material adverse
effect on Borrower or Borrower and the Affiliates taken as a whole. 

  

	11.2	Power and Authority. Borrower has full legal right, capacity, power and authority to carry on its present business, to own its properties and assets, to incur the indebtedness and other obligations
provided for in this Agreement, to execute and deliver this Agreement and all other documents hereunder and to perform and observe the terms and conditions hereof and thereof. 

  
 -12- 

	11.3	Authorization of Borrowing. Borrower has taken all appropriate and necessary corporate and legal actions to authorize the execution and delivery of this Agreement and all other documents hereunder and to
authorize the performance and observance of the terms and conditions hereof or thereof. 

  

	11.4	Authorizations and Approvals. There are no authorizations necessary for the valid execution, delivery and performance of this Agreement. 

 

	11.5	Agreement Binding; Compliance with Law and Other Agreements. This Agreement constitutes the legal, valid, binding and unsubordinated obligation of Borrower enforceable in accordance with its terms. The
execution, delivery and performance of the terms of this Agreement, the payment by Borrower of all amounts due on the dates and in the currency provided for herein and the application of the proceeds of the Facility as provided in Section 2.2
hereof (i) will not violate or contravene any provision of law or regulation which is applicable to Borrower; (ii) will not conflict with the Memorandum and Articles of Association of Borrower; (iii) will not conflict with or result
in the breach of any provision of, or in the imposition of any Encumbrance under, any agreement or instrument to which Borrower is a party or by which it or any of its properties or assets is bound; and (iv) will not constitute a default or an
event that, with the giving of notice or the passing of time, or both, would constitute a default under any such agreement or instrument. 

  

	11.6	No Event of Default. Borrower is not in default under any agreement or obligation applicable to it or its assets or revenues, the consequences of which default could materially and adversely affect its
business or financial condition or its ability to perform its obligations under this Agreement and no Event of Default or prospective Event of Default has occurred. 

 

	11.7	Compliance with Law. Borrower and each of the Affiliates are in full compliance with all applicable laws, regulations and orders, whether or not having the force of law, including without limitation, tax
laws. 

  

	11.8	Ranking of Loan. This Agreement is the direct, unconditional and general obligation of Borrower. Borrower’s obligations hereunder rank and will rank at least pari passu in
priority of payment and in all other respects with all other unsecured and unsubordinated indebtedness of Borrower except for those preferred by operation of law. 

 

	11.9	Legal Actions. No registrations, recordings or filings are required as a condition to the legality, validity or enforceability of this Agreement or any other document to be executed and delivered pursuant
to the terms of this Agreement. 

  

	11.10	Financial Statements. The most recent audited financial statements of Borrower for the time being (including the audited profit and loss account and balance sheet) were prepared in accordance with all
applicable laws and regulations of Cayman Islands and generally accepted accounting principles and policies consistently applied and show a true and fair view of the financial position of Borrower as at the end of, and the results of its operations
for, the financial period to which they relate and, as at the end of such period Borrower did not have any significant liabilities (contingent or otherwise) or any unrealized or anticipated losses which are not disclosed by, or reserved against in,
such financial statements, and there has been no material adverse change in the business or financial condition of Borrower since the date of such financial statements. 

  
 -13- 

	11.11	Encumbrances. No Encumbrance exists over all or any part of the property, assets or revenues of Borrower other than those disclosed in the financial statements referred to in Section 11.10.

  

	11.12	Litigation. No litigation, administrative proceeding or arbitration is presently pending or threatened against Borrower or any Affiliate or their assets or revenues which, if adversely determined, could
have a material effect on the ability of Borrower to perform its obligations under this Agreement. 

  

	11.13	Sovereign Immunity. Borrower is generally subject to civil and commercial law and to legal proceedings and neither Borrower nor any of its assets or revenues is entitled to claim immunity or privilege
(sovereign or otherwise) from any set-off, judgment, execution, attachment or other legal process. 

  

	11.14	No Misstatement. No information, exhibit or report furnished in writing by Borrower to Agent or the Lenders in connection with the arrangement and syndication of the Facility or negotiation of this
Agreement contained any misstatement of fact as at the date of such exhibit or report or as at the date when such information was given which was material in the context of this Agreement or omitted to state a fact as at such date which in any such
case would be materially adverse to the interests of Agent or the Lenders under this Agreement. 

  

	11.15	Shareholding of Borrower. Guarantor directly (or through its 100% owned affiliate) and beneficially owns not less than fifty-one percent (51%) of the issued and outstanding voting share capital
of Borrower. 

 Section 12. Covenants 
  

	12.1	Financial Statements. Throughout the life of this Agreement, Borrower shall provide Agent with copies (in sufficient number for each Lender) of its unaudited financial statements for the first six
(6) months of each fiscal year and its audited and consolidated financial statements for each fiscal year as they are available but in any event not later than ninety (90) days after the close of each fiscal period covered by an unaudited
financial statement and not more than one hundred and twenty (120) days after the close of each fiscal period covered by an audited and consolidated financial statement and such other information respecting the financial condition and
operations of Borrower as Agent may from time to time reasonably request. Each financial statement provided hereunder shall have been prepared in accordance with generally accepted accounting principles in the United States of America, and be
accompanied by a certificate executed by the principal financial officer of Borrower stating (i) that as of the date of such financial statement Borrower is in full compliance with all terms and conditions hereof, including without
limitation all financial covenants, and of any document executed pursuant hereto, and (ii) that as of such date no Event of Default or prospective Event of Default has occurred and is continuing. 

  
 -14- 

	12.2	Taxes. Borrower shall pay and discharge and shall cause each Affiliate to pay and discharge, all taxes, assessments and governmental charges upon them or their respective assets promptly when due and, in
any event, prior to the date on which penalties may become attached thereto. 

  

	12.3	Representations & Warranties. Borrower shall ensure that the representations and warranties contained in this Agreement remain at all times true and accurate by reference to the facts and
circumstances from time to time existing. 

  

	12.4	Continuing Governmental Authorizations. Borrower undertakes to maintain in full force and effect all governmental authorizations referred to in Section 11.4 and to obtain or effect any new or
additional governmental authorizations, as may be required or advisable in respect of the performance by Borrower of any of the terms and conditions of this Agreement. 

 

	12.5	Maintenance and Continuity of Business. (a) Borrower shall maintain and shall cause each Affiliate to maintain their respective corporate existences in good standing and in compliance with all
applicable laws and regulations, and Borrower shall maintain and shall cause each Affiliate to maintain the present character of their respective businesses. 

(b) Borrower shall maintain and shall cause each Affiliate to maintain insurance on and in relation to their respective businesses, properties
and assets with reputable underwriters or insurance companies against such risks and in such amount as are customary for businesses of a like nature in the jurisdiction in which such properties and assets are located or in which such businesses are
conducted. 
 (c) Borrower shall not, except with the prior written consent of Agent, (i) purchase or otherwise acquire all or any
material portion of the assets or shares of any other corporation or (ii) sell, lease, transfer or otherwise dispose of all or any material portion of its property or assets, whether by a single transaction or by a number of transactions
whether related or not, or (iii) declare or pay any dividend or make any other income distribution to its shareholders if an Event of Default or prospective Event of Default has occurred and has not been remedied to the satisfaction of Agent.

 (d) Borrower shall not merge or consolidate with any other corporation which might result in any material adverse effect on Borrower. 

 

	12.6	Notice. Promptly upon its occurrence, Borrower shall give written notice to Agent of any Event of Default or prospective Event of Default, or any litigation, administrative proceeding or arbitration
referred to in Section 11.12, and of any other matter which has resulted or might result in a material adverse change in Borrower’s operations or financial condition or affect Borrower’s ability to pay, when due, any amounts due under
this Agreement. 

  

	12.7	Encumbrances. Borrower shall not permit any loan, debt, guarantee or other obligation constituting indebtedness of Borrower or any other person to be secured by any Encumbrance on any assets or future
revenues of Borrower and shall cause each Affiliate not to permit any loan, debt, guarantee or other obligation constituting indebtedness of such Affiliate or any other person to be secured by any Encumbrance on any assets or future revenues of such
Affiliate, without in each instance prior written consent of the Majority Lenders, provided, however, that the foregoing shall not apply to Encumbrances arising by operation of law or arising in the ordinary course of business of Borrower or, as the
case may be, such Affiliate where the amount covered by such Encumbrance is determined by the Majority Lenders not to be material. 

  
 -15- 

	12.8	Use of Facility. Borrower shall use the proceeds of the Facility exclusively for the purposes specified in Section 2.2. 

 

	12.9	Shareholding of Borrower. Borrower shall procure that Guarantor at all times own directly (or through its 100% owned affiliate) and beneficially not less than fifty-one percent (51%) of the
issued and outstanding voting share capital of Borrower. 

  

	12.10	Inspection. Borrower shall permit each of the Lenders or any person nominated by it to enter into the premises of Borrower at any time during office hours upon prior appointment to inspect its operation or
to inspect, and take copies of, any books or records in relation to its financial condition and operations as such Lender may reasonably request. Borrower shall bear all costs and expenses (including, without limitation, communication, travel,
transportation, lodging, meals and all other out-of-pocket expenses) incurred by such Lender or any person nominated by it in relation to such inspection. 

  

	12.11	Further Documents. Borrower shall furnish Agent with all such other documents and instruments and do all such other acts and things as Agent may reasonably require to carry out the transactions
contemplated herein or in the documents to be delivered hereunder. 

 Section 13. Events of Default 

 

	13.1	Events of Default. Each of the following events or occurrences shall constitute an Event of Default under this Agreement: 

 

	 	(a)	Borrower fails to pay when due any sum payable under this Agreement when due or otherwise in accordance with the provisions of this Agreement. 

 

	 	(b)	Any representation, warranty or statement made or deemed to be made by Borrower in this Agreement or in any document executed hereunder or by Guarantor in the Guaranty proves to have been incorrect or misleading in any
respect considered by Agent to be material. 

  

	 	(c)	Borrower or Guarantor fails duly and punctually to perform or observe any obligation or covenant made by it in this Agreement or the Guaranty or any other document executed hereunder or thereunder and as a result
thereof it might reasonably be considered by Agent that the ability of Borrower or Guarantor to promptly comply with their respective obligations under this Agreement or the Guaranty is materially adversely affected thereby. 

 

	 	(d)	Borrower or Guarantor fails to perform or observe any obligation or covenant contained in this Agreement or the Guaranty other than as referred to in paragraphs (a), (b) and (c) above and such failure is
not remediable or, if remediable, continues for a period of thirty (30) days after receipt by Borrower or, as the case may be, Guarantor of notice of such failure from Agent. 

  
 -16- 

	 	(e)	Borrower, Guarantor or any Affiliate fails to discharge when due any other indebtedness or to honor any guarantee of any other indebtedness, or there occurs any event of default (however so described) under any other
agreement pursuant to which any other indebtedness or guarantee of Borrower, Guarantor or any Affiliate is created, secured or evidenced, if the effect of such failure or occurrence is to cause or permit such indebtedness or guarantee to become or
to be declared due prior to its normal maturity; provided however, that no Event of Default will occur under this paragraph (e) if the amount of such indebtedness or guarantee in each case is less than Ten Million Dollars (US$10,000,000) or
equivalent in any other currency and the aggregate amount of all of such indebtedness and/or guarantee is less than Forty Million Dollars (US$40,000,000) or equivalent in any other currency. 

 

	 	(f)	Any change occurs in the financial or other condition of Borrower, Guarantor or any Affiliate which may reasonably be considered by Agent to materially adversely affect the ability of Borrower or Guarantor to comply
with all or any of their respective obligations under this Agreement or the Guaranty. 

  

	 	(g)	Borrower, Guarantor or any Affiliate becomes (or is, or could be, deemed by law or a court to be) insolvent or commits or permits any act of bankruptcy, which term shall include (i) the filing of a petition in any
bankruptcy, rehabilitation, reorganization, composition, winding-up or liquidation proceeding or other proceeding analogous in purpose or effect, (ii) the failure by Borrower, Guarantor or such Affiliate to have any such petition filed by
another party discharged within thirty (30) days, (iii) the application for or consent to the appointment of a receiver or trustee for the bankruptcy, rehabilitation, reorganization, composition, winding-up or liquidation of Borrower,
Guarantor or such Affiliate or of a substantial portion of its properties or assets, (iv) the making by Borrower, Guarantor or such Affiliate of an assignment for the benefit of, or any composition or arrangement with, a class or classes of its
creditors, (v) the admission in writing by Borrower, Guarantor or such Affiliate of its inability to pay its debts, (vi) the passing of a resolution by Borrower, Guarantor or such Affiliate approving any reorganization, rehabilitation,
composition, winding-up or liquidation of Borrower, Guarantor or such Affiliate or of a substantial portion of its properties or assets, (vii) the entry of any court order or judgment confirming the bankruptcy or insolvency of Borrower,
Guarantor or such Affiliate or approving any reorganization, rehabilitation, composition, winding-up or liquidation of Borrower, Guarantor or such Affiliate or of a substantial portion of its properties or assets, (viii) any creditor of
Borrower, Guarantor or such Affiliate exercises a contractual right to assume the financial management of Borrower, Guarantor or such Affiliate, (ix) Borrower, Guarantor or such Affiliate is unable to pay its debts, stops, suspends or threatens
to stop or suspend payment of all or a material part of (or of a particular type of) its indebtedness, begins negotiations or takes any other step with a view to the deferral, rescheduling or other readjustment of all of (or all of a particular type
of) its indebtedness (or of any part which it will or might otherwise be unable to pay when due) or (x) Guarantor or such Affiliate is designated as a failing company (Busil-Jinghoo-Kiup) under the Corporate Restructuring Promotion Act
(Republic of Korea Law No. 12155 of January 1, 2014) (the “CRPA”) or any action is taken by any creditor of Guarantor or, as the case may be, such Affiliate for the commencement of any of the proceedings set forth in
Article 4 of the CRPA. 

  
 -17- 

	 	(h)	A writ of attachment or execution or similar process is issued against a substantial part of the assets of Borrower, Guarantor or any Affiliate which remains undismissed, unbonded or undischarged for a period of thirty
(30) days. 

  

	 	(i)	Any event occurs which, under the law of any relevant jurisdiction, has an analogous or equivalent effect to any of the events mentioned in paragraph (g) or (h). 

 

	 	(j)	Borrower, Guarantor or any Affiliate ceases or threatens to cease its operations or sells or otherwise disposes of all or a substantial part of its assets (whether by a single transaction or a number of related or
unrelated transactions and whether or not at one time or over a period of time) without the prior written consent of Agent; or Borrower, Guarantor or any Affiliate decides to cease its operations or to sell or otherwise dispose of all or a
substantial part of its assets without the prior written consent of Agent; or any governmental or other authority expropriates or nationalizes or threatens to expropriate or nationalize, all or a substantial part of the assets of Borrower, Guarantor
or any Affiliate. 

  

	 	(k)	This Agreement, the Guaranty or any provision hereof or thereof ceases for any reason to be in full force and effect or is terminated or jeopardized or becomes invalid or unenforceable or if there is any dispute
regarding the validity or enforceability of the same in each case in a manner which, in the opinion of Agent, might materially and adversely affect the interests of the Lenders hereunder, or if there is any purported termination or repudiation of
the same. 

  

	 	(l)	Any governmental authorization granted or required in connection with this Agreement or the Guaranty is terminated or revoked or is modified in any manner unacceptable to Agent. 

 

	 	(m)	It becomes impossible or unlawful for Borrower or Guarantor to perform or comply with any one or more of their respective obligations under this Agreement or under the Guaranty. 

 

	 	(n)	Borrower, Guarantor or any Affiliate voluntarily or involuntarily merges or consolidates with any other entity which might result in any material adverse effect on Borrower, Guarantor or such Affiliate; provided
however, that Guarantor’s such merger or consolidation with the prior written consent of Agent shall not constitute an Event of Default under this paragraph (n). 

  
 -18- 

	 	(o)	(i) Cayman Islands or any court or competent authority thereof declares or requests a moratorium on the payment of any of its indebtedness or the indebtedness of any government agency or any person domiciled or resident
in Cayman Islands, (ii) Cayman Islands ceases to be a member in good standing of the International Monetary Fund, fully eligible to purchase Dollars and other currencies for Caymanian Dollar or ceases to be a member of the International Bank
for Reconstruction and Development, (iii) the international monetary reserves of Cayman Islands become subject to any mortgage, deed of trust, lien, security interest, pledge or other charge or encumbrance or (iv) Cayman Islands segregates
or makes a preferential arrangement (whether or not constituting a security interest) relating to all or a portion of its foreign exchange earnings for the benefit of any creditor or class of creditors. 

 

	 	(p)	Guarantor ceases at any time to own directly (or through its 100% owned affiliate) and beneficially at least fifty-one percent (51%) of the issued and outstanding voting share capital of Borrower without the
prior written consent of Agent. 

  

	 	(q)	Guarantor fails duly and punctually to perform or observe the financial covenants specified in Section 10(k) of the Guaranty. 

  

	 	(r)	Any event occurs which in the reasonable opinion of Agent does or will prevent or materially imperil fulfillment by Borrower or Guarantor of their respective obligations under this Agreement or the Guaranty.

  

	13.2	Consequences of Default. (a) If an Event of Default shall occur and be continuing, Agent may, and upon written request by the Majority Lenders shall, at the same or different times take one or more of
the following actions: 

  

	 	(i)	if the Drawdown shall already have been made, to declare the Loan, accrued interest and all other sums payable hereunder to be, whereupon they shall become, immediately due and payable without demand, notice or other
legal formality of any kind, all of which are expressly waived by Borrower; and/or 

  

	 	(ii)	if the Drawdown shall not have been made, to declare the Facility to be terminated, whereupon the Facility shall forthwith terminate, 

Provided, however, that upon the occurrence of any event described in Section 13.1(g), (h) or (i), all sums then owing
by Borrower hereunder shall, without any declaration or other action by Agent or any Lender hereunder, automatically be immediately due and payable, and the Facility shall be immediately cancelled without demand, notice or other legal formality of
any kind, all of which are expressly waived by Borrower. 
 (b) In addition to the actions permitted in paragraph (a) above, Agent may,
and upon written request by the Majority Lenders shall, take any action, exercise any other right or pursue any other remedy conferred upon it by this Agreement and/or any applicable law or regulation or otherwise as a consequence of any Event of
Default. 
  

	13.3	No Waiver. No waiver of any Event of Default shall constitute a waiver of any other or any succeeding Event of Default except to the extent provided in such waiver. 

  
 -19- 

 Section 14. Default Interest 

 

	14.1	Non-Payment. (a) If Borrower fails to pay any sum payable under this Agreement when due, Borrower shall pay interest on such sum from and including the due date to and including the date of actual
payment (as well after as before judgment) at the rate per annum conclusively determined by Agent to be the higher of: (a) the aggregate of (i) two percent (2%) and (ii) the rate of interest (if any) payable
in respect of such sum immediately before the due date; and (b) the aggregate of (i) two percent (2%), (ii) the Margin and (iii) LIBOR calculated with reference to such successive interest periods of such duration as Agent
considers appropriate (each a “Designated Interest Period”) or, if any of the circumstances described in Section 8.1 applies, the rate from time to time certified by each respective Lender or Agent (as the case may be) to be
the rate representing the cost to it of funding the unpaid sum. For these purposes, LIBOR shall be determined by Agent on the first day, or two (2) London Banking Days before the first day of, the relevant Designated Interest Period as Agent
considers appropriate. 

 (b) Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to
day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each Designated Interest Period and shall be payable from time to time on demand. 

 

	14.2	Other Events of Default. If an Event of Default other than that described in Section 13.1(a) shall occur and be continuing, Borrower shall pay to Agent on demand for the account of each Lender
interest on the amount of the Loan then outstanding from and including the date of such default to and including the date the default is cured (after as well as before judgment) at the rate which is two percent (2%) per
annum above the interest rate then applicable to the Loan. 

 Section 15. Indemnities and Pro Rata Sharing

  

	15.1	General Indemnity. Borrower shall indemnify each Lender and Agent against all losses, liabilities, damages, costs and expenses (including loss of profit) which such Lender or Agent may incur as a
consequence of any Event of Default, the receipt or recovery by such Lender of all or any part of the Loan or an overdue sum otherwise than on the last day of an Interest Period relating thereto or any other breach by Borrower of any of its
obligations under this Agreement or otherwise in connection with this Agreement (including any loss or expense incurred in liquidating or redeploying funds acquired to maintain such Lender’s Participation in the Loan and any interest or fees
incurred in funding any unpaid sum, but taking into account any interest paid by Borrower in respect of such unpaid sum under Section 14). 

  

	15.2	Currency Indemnity. Dollars shall be the currency of account and of payment in respect of sums payable under this Agreement. If an amount is received in another currency, pursuant to a judgment or order in
the liquidation of Borrower or otherwise, Borrower’s obligations under this Agreement shall be discharged only to the extent that the Lenders or Agent (as the case may be) may purchase Dollars with such other currency in accordance with normal
banking procedures upon receipt of such amount. If the amount in Dollars which may be so purchased, after deducting any costs of exchange and any other related costs, is less than the relevant sum payable under this Agreement, Borrower shall
indemnify the Lenders and Agent against the shortfall. This indemnity shall be an obligation of Borrower independent of and in addition to its other obligations under this Agreement and shall take effect notwithstanding any time or other concession
granted to Borrower or any judgment or order being obtained or the filing of any claim in the liquidation, dissolution or bankruptcy (or analogous process) of Borrower. 

  
 -20- 

	15.3	Pro Rata Sharing. If at any time any Lender receives any amount from Borrower or otherwise in respect of sums due from Borrower hereunder (other than through Agent pursuant to Section 7.2 or from an
assignee, transferee or participant) whether by way of voluntary or involuntary payment, set-off, counterclaim, banker’s lien, litigation or otherwise, it will promptly pay to Agent the amount so received for distribution to the Lenders pro
rata in accordance with their respective Participations in such amount. Agent shall treat such amount as if it were a payment by Borrower directly to Agent on account of sums due from Borrower hereunder so that, as between Borrower and Lender who
originally received the amount, the amount shall not be treated as having been paid and such Lender shall retain all its rights against Borrower or otherwise with respect to such amount (except to the extent of any sum received by it from such
distribution by Agent). Notwithstanding the foregoing provisions of this Section (i) no Lender shall be required to share any amount which it has received as a result of any legal proceedings commenced against Borrower to recover sums owing to
it under this Agreement with any other Lender which has a legal right to but does not join in such legal proceedings after having been given reasonable opportunity so to do and which does not commence and diligently pursue a separate action to
enforce its rights against Borrower and (ii) if any Lender is required to repay to Borrower any part of an amount originally received by it from Borrower and shared pursuant to this Section, the other Lenders shall make funds available to
enable Agent to reimburse such Lender for the amount required to be repaid (less the appropriate portion of any sum which such Lender has received by way of distribution from Agent in respect of such amount). 

 

	15.4	No Encumbrance. Section 15.3 shall not constitute and shall not be construed as constituting an Encumbrance by any Lender over all or any part of any sum received or recovered by it in the manner set
out in Section 15.3. 

 Section 16. Lenders and Agent 

 

	16.1	Appointment. Each Lender hereby irrevocably appoints Agent to act as its agent for the purposes set out in this Agreement and irrevocably authorizes Agent to take such action on its behalf and to exercise
and enforce such rights, powers and discretions as are expressly or by implication delegated to Agent by the terms hereof and such rights, powers and discretions as are reasonably incidental thereto. 

 

	16.2	Scope of Duties. In respect of its duties and functions hereunder Agent shall be considered to be acting solely as an agent of the Lenders in an administrative capacity only and shall not be deemed a
trustee or fiduciary of any Lender or an agent, trustee or fiduciary of Borrower for any purpose. Agent shall have no duties or obligations except those provided for in this Agreement. 

  
 -21- 

	16.3	Specific Duties and Obligations. Agent shall: 

  

	 	(a)	promptly account to each Lender for its due proportion of all payments received by Agent from Borrower or otherwise in connection with the Facility in accordance with the provisions of this Agreement; 

 

	 	(b)	promptly inform each Lender of: 

  

	 	(i)	the contents of any document which Agent receives in respect of the Facility and which it considers to be material; and 

  

	 	(ii)	any material Event of Default of which an officer of Agent acting in respect of this Agreement and in his capacity as such has actual knowledge; 

 

	 	(c)	save as otherwise provided in this Agreement, take or refrain from taking any action in accordance with any lawful and proper instructions given to it by the Majority Lenders and any such action taken or refrained from
being taken shall be binding on all the Lenders; and 

  

	 	(d)	consult with the Lenders to the extent practicable before giving any notice or making any declaration under Section 13.2 or effecting any amendment or waiver under Section 20.3. 

 

	16.4	Rights and Powers. Agent may: 

  

	 	(a)	perform any of its duties and functions hereunder through its directors, officers, employees or agents; 

  

	 	(b)	engage and pay for the advice or services of lawyers, accountants or other experts or professional advisers as Agent may consider necessary or desirable and rely and act upon such advice; 

 

	 	(c)	refrain from exercising any of its rights, powers and discretions unless and until instructed by the Majority Lenders and refrain from acting upon any instructions to commence legal proceedings until it has been
indemnified or secured to its satisfaction against any liabilities, costs and expenses which it may incur; 

  

	 	(d)	refrain from taking any action which in its opinion would or might contravene any law in any relevant jurisdiction or render it liable to any person and do all such things in its opinion necessary to comply with any
such law; and 

  

	 	(e)	assume that no Event of Default or prospective Event of Default has occurred and that no party is in breach of its obligations under this Agreement unless Agent receives specific written notice to the contrary.

  

	16.5	No Liability to Lenders. Agent shall have no liability or obligation to any Lender: 

  

	 	(a)	as a result of any failure or delay by Borrower or any other party in performing its respective obligations under this Agreement; 

  
 -22- 

	 	(b)	for the authorization, execution, legality, validity, enforceability, effectiveness, genuineness or sufficiency of this Agreement, the Guaranty or any other document relevant to this transaction, or for the accuracy of
any representation, warranty or statement made in or in connection with this Agreement or the Guaranty or for the accuracy or completeness of any information supplied by any person whether or not such information was or is circulated by Agent;

  

	 	(c)	to take any steps to ascertain whether an Event of Default has occurred or whether Borrower or any other party is otherwise in breach of any of its respective obligations under this Agreement; 

 

	 	(d)	to provide any credit or other information concerning the financial or other condition of Borrower or any other party other than as expressly provided for herein; or 

 

	 	(e)	to account for any sum received by Agent (other than for the account of the Lenders) by way of fees or reimbursement of expenses in connection with this Agreement or for any benefit received by it arising out of any
present or future banking or other relationship with Borrower. 

  

	16.6	No Liability to Borrower. Agent shall have no liability or obligation to Borrower as a result of any failure or delay by any Lender or any other party in performing its respective obligations under this
Agreement. 

  

	16.7	Liability and Indemnity. Neither Agent nor any of its directors, officers, employees or agents shall be liable for any action taken or omitted to be taken in connection with this Agreement unless resulting
directly from gross negligence or wilful misconduct. The Lenders shall indemnify Agent (to the extent not reimbursed by Borrower) in proportion to their respective Participations in the Loan or, if there is no outstanding Loan, in proportion to
their respective Commitments from and against all claims, actions, liabilities, damages, penalties, losses, costs and expenses (including legal fees) which Agent may incur in any way relating to or arising out of this Agreement or any action taken
or omitted by Agent in seeking to protect or enforce the rights of the Lenders and Agent or otherwise in connection with the Facility, unless and to the extent that any of the foregoing results directly from Agent’s gross negligence or wilful
misconduct. 

  

	16.8	Acknowledgement by Lenders. Each Lender acknowledges to and agrees with Agent that: 

  

	 	(a)	it has itself been and will continue to be solely responsible for making its own analysis of and investigations into the status, creditworthiness, prospects, business, operations, assets and condition of Borrower,
Guarantor and any other person referred to herein and for making its own decisions as to the entering into or the taking or not taking of any action in connection with this transaction; and 

 

	 	(b)	it has not relied upon any representation or statement made by Agent as an inducement to its entering into this Agreement. 

  
 -23- 

	16.9	Certifications by Agent. Where any provision of this Agreement provides that Agent may certify an amount or rate payable by any one or more Lenders, a certificate as to such amount or rate shall be
conclusive and binding on each such Lender. 

  

	16.10	Resignation of Agent. Agent may resign at any time by giving not less than thirty (30) days’ prior written notice to the Lenders and Borrower. The Lenders shall have the right to appoint a
successor Agent, but if they do not do so within the thirty (30) days notice period the retiring Agent may do so on their behalf Agent’s resignation shall not take effect until a successor Agent has been appointed in writing signed by the
appointors and by such successor. Upon such appointment the successor Agent shall succeed to and become vested with all the rights, powers, discretions and duties of the retiring Agent and the retiring Agent shall be discharged from any further
duties and obligations hereunder. The parties hereto agree to execute whatever documents may be necessary to effect such a change of Agent. After any retiring Agent’s resignation Sections 16.5, 16.6 and 16.7 shall continue in effect
for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent. 

  

	16.11	Agent as Lender. Agent shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise such rights and powers as if it were not acting as agent under this Agreement.

  

	16.12	No Partnership. Nothing contained or implied in this Agreement shall constitute or be deemed to constitute a partnership, joint venture or other form of association between any of the parties hereto.

  

	16.13	Mandated Lead Arranger. Mandated Lead Arranger as such shall not have any duties or obligations under or in connection with this Agreement. Sections 16.5, 16.6 and 16.8 shall (where relevant)
apply for the benefit of Mandated Lead Arranger as if references therein to Agent were references to it. 

 Section 17.
Assignment, Transfer and Lending Offices 
  

	17.1	Borrower. Borrower shall not assign or transfer any of its rights or obligations hereunder. 

  

	17.2	Assignment by Lenders. A Lender may at any time assign all or any part of its rights and benefits hereunder, provided that unless and until the assignee has agreed with the Agent and the other Lenders that
it shall be under the same obligations towards each of them as it would have been under if it had been an original party hereto as a Lender, the Agent and the other Lenders shall not be obliged to recognize such assignee as having the rights against
each of them which it would have had if it had been such a party hereto. 

  

	17.3	Transfer by Lenders. A Lender (a “transferor lender”) may at any time transfer all or any part of the rights, benefits and obligations of the transferor lender under or arising out of this
Agreement, provided that: 

  

	 	(a)	the transferor lender and the Transferee shall complete, execute and deliver a Transfer Certificate to Agent (which shall promptly notify Borrower) not less than five (5) Banking Days before the proposed date of
transfer; 

  
 -24- 

	 	(b)	Borrower shall execute and do all such transfers, assurances, acts and things as Agent may require for perfecting and completing the transfer of such rights, benefits and obligations; and 

 

	 	(c)	the transferor lender shall reimburse Agent upon demand for all reasonable costs, charges and expenses (including legal fees) incurred by it in connection with such transfer. 

Borrower hereby irrevocably and unconditionally consents to any transfer to be made pursuant to this Section. 

Upon any such transfer taking effect (i) the transferor lender shall be released from such obligations and Borrower and (if and to the
extent applicable) Agent and the other Lenders shall look only to the Transferee in respect of such obligations and (ii) references in this Agreement to the transferor lender shall be construed accordingly as references to the Transferee. All
agreements, representations and warranties made herein shall survive any transfers made pursuant to this Section and shall inure to the benefit of all Transferees. 
  

	17.4	Subparticipations. A Lender may at any time grant one or more subparticipations in its rights and/or obligations under this Agreement but no other party hereto shall be concerned in any way with any
subparticipation so granted. 

  

	17.5	Disclosure. A Lender may disclose to (a) its head office, other branch offices, auditors, relevant authorities and other persons as required under any prevailing law or banking regulations and to
(b) a Transferee, assignee or subparticipant or potential Transferee, assignee or subparticipant, in each case, on a confidential basis such information about Borrower as such Lender shall consider appropriate. 

 

	17.6	Lending Offices. Each Lender shall act initially through its Lending Office specified in Schedule I and may act subsequently through any of its other offices as selected by it from time to time. A
Lender shall promptly notify Agent of any change of its Lending Office. 

 Section 18. Governing Law and Jurisdiction

  

	18.1	Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of Korea. 

 

	18.2	Jurisdiction. Borrower agrees that any legal action or proceeding arising out of or relating to this Agreement may be brought in the Seoul Central District Court in Seoul, Korea and irrevocably submits to
the non-exclusive jurisdiction of such court. Borrower irrevocably and unconditionally waives any objection which it may now or hereafter have to the choice of Korea as the venue of any legal action arising out of or relating to this Agreement. The
foregoing, however, shall not limit the rights of Agent or any Lender to bring any legal action or proceeding or to obtain execution of judgment in any other jurisdiction. 

  
 -25- 

	18.3	Process Agent. Borrower irrevocably appoints Hanwha Chemical Corporation, currently located at 17th Floor, Hanwha Bldg. 86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea, as its agent to accept on its
behalf service of any and all process or other documents which may be served in any action or proceedings in any Korean courts. If for any reason the agent named above (or its successor) no longer serves as agent of Borrower for this purpose,
Borrower shall promptly appoint a successor agent satisfactory to Agent and notify Agent thereof, provided that until Agent receives such notification, it shall be entitled to treat the agent named above (or its said successor) as the agent of
Borrower for the purposes of this Section. Borrower agrees that any such legal process shall be sufficiently served on it if delivered to such agent for service at its address for the time being in Korea whether or not such agent gives notice
thereof to Borrower. Borrower hereby irrevocably and unconditionally authorizes Agent to file with any of such courts, in the name of Borrower, a report regarding the appointment by Borrower of its agent for service of process in Korea.

  

	18.4	No Limitation on Right of Action. Nothing herein shall limit the right of Agent and the Lenders to commence any legal action against Borrower and/or its property in any other jurisdiction or to serve
process in any manner permitted by law, and the taking of proceedings in any jurisdiction shall not preclude the taking of proceedings in any other jurisdiction whether concurrently or not. 

 

	18.5	Waiver of Immunity. Borrower irrevocably waives any immunity to which it or its property may at any time be or become entitled, whether characterized as sovereign immunity or otherwise, from any set-off or
legal action in Korea or elsewhere, including immunity from service of process, immunity from jurisdiction of any court or tribunal, and immunity of any of its property from attachment prior to judgment or from execution of a judgment.

 Section 19. Notices 
  

	19.1	Delivery. Each notice, demand or other communication to be given or made under this Agreement shall be in writing and delivered or sent to the relevant party at its address or fax number set out below (or
such other address or fax number as the addressee has by five (5) days’ prior written notice specified to the other party): 

  

					
	To Borrower:		Hanwha Q Cells Co., Ltd.		
			Hanwha Building		
			86 Cheonggyecheon-ro, Jung-gu		
			Seoul, Korea		
		
			Fax No.:      +82-2-729-1372
			Tel No.:       +82-2-729-2930
			Attention:   Mr. Jung Pyo Seo (Chief Financial Officer)
			
	To Agent:		KDB Asia Limited		
			Suite 2005-09		
			Two International Finance Centre		
			8 Finance Street		
			Central, Hong Kong		
		
			Fax No.:     852-2537-3989
			Tel No.:      852-2234-2121
			Attention:   Ms.Yvonne NG

  
 -26- 

 and to the Lenders at their respective Lending Offices. 

 

	19.2	Deemed Delivery. Any notice, demand or other communication so addressed to the relevant party shall be deemed to have been delivered (i) if given or made by letter, when actually delivered to the
relevant address or, as the case may be, seven (7) days after being sent by prepaid post (by airmail if to another country) and (ii) if given or made by fax, when despatched with a simultaneous confirmation of transmission stating that the
correct number of pages has been sent and that such transmission is error free (or equivalent), provided that any notice, demand or other communication to be made or delivered to Agent or the Lenders shall be effective only when actually received by
Agent or the Lenders and provided, further, that, if such day is not a working day in the place to which it is sent, such notice, demand or other communication shall be deemed delivered on the next following working day at such place.

  

	19.3	Agent. All communications between the Lenders and Borrower in relation to this Agreement shall be made through Agent. 

  

	19.4	Language. All notices, demands or other communications hereunder and any other documents required to be delivered hereunder shall be in the English language or accompanied by a certified translation
thereof into the English language. In the case of a conflict between any such document and the English language translation thereof, the English language translation shall prevail unless such document is a statutory or other official document.

 Section 20. Miscellaneous 
  

	20.1	Survival. The obligations of Borrower under Sections 3.4, 5.4(b), 6, 9.2, 10 and 15 shall survive the repayment of the Loan and the termination of other obligations of Borrower hereunder.

  

	20.2	Entire Agreement. This Agreement and the documents referred to herein constitute the entire obligations of the parties hereto and supersede any prior expressions of intent or understandings with respect to
this transaction. 

  

	20.3	Amendment. Any amendment or waiver of any provision of this Agreement and any waiver of any default under this Agreement shall only be effective if made in writing and signed by or on behalf of the party
against whom the amendment or waiver is asserted. For these purposes, any amendment or waiver which is made in writing by Agent at the direction of the Majority Lenders shall be binding on all Lenders, except that the written approval of all Lenders
is required where that amendment or waiver relates to: 

  

	 	(a)	an increase of the Facility or of any Lender’s Commitment or the length of the Availability Period or the amount or currency of or the due date for any payment of principal or interest on the Loan;

  

	 	(b)	a reduction in the rate or rates of interest or any fees or other amounts payable to the Lenders hereunder; 

  

	 	(c)	any voluntary or mandatory prepayment; 

  
 -27- 

	 	(d)	any release of the obligations of Guarantor under the Guaranty; or 

  

	 	(e)	any amendment of the definition of “Majority Lenders” or of the provisions of this Section. 

  

	20.4	Waiver; Cumulative Rights. The failure or delay of Agent or any Lender to require performance by Borrower of any provision of this Agreement shall not affect its right to require performance of such
provision nor shall any single or partial exercise of the same preclude any further exercise thereof or the exercise of any other right, power or remedy. Each and every right, power and remedy granted to Agent and the Lenders hereunder or by law
shall be cumulative and may be exercised in part or in whole from time to time. 

  

	20.5	Severability. If any one or more of the provisions contained in this Agreement or any document executed in connection herewith shall be invalid, illegal or unenforceable in any respect under any applicable
law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. 

  

	20.6	Set-Off. (a) Each Lender or Agent may (but shall not be obliged to) at any time: 

  

	 	(i)	set off any obligation owed by Borrower to such Lender or, as the case may be, Agent under this Agreement against any obligation (whether or not matured) owed by such Lender or, as the case may be, Agent (at any of its
offices or branches) to Borrower, regardless of the place of payment, booking branch or currency of either obligation; and/or 

  

	 	(ii)	combine and/or consolidate all or any of the accounts maintained with such Lender or, as the case may be, Agent (at any of its offices or branches) by Borrower for the purpose of effecting the set-off referred to in
sub-paragraph (i) above. 

 (b) If the obligations or the credit and/or debit balances to the accounts referred to in
sub-paragraph (i) or (ii) of paragraph (a) above are in different currencies, such Lender or, as the case may be, Agent may convert all or part of either obligation or, as the case may be, all or part of the credit/debit balance of
either account at a rate of exchange determined by it for the purpose of effecting the set-off or, as the case may be, combination or consolidation. If any obligation referred to in sub-paragraph (i) of paragraph (a) above is unliquidated
or unascertained, such Lender or, as the case may be, Agent may set off in an amount estimated by it in good faith to be the amount of that obligation. 

(c) Nothing in this Section 20.6 shall limit, prejudice or otherwise adversely affect any lien, right of set-off or other similar rights
conferred on any Lender or Agent under general law. 
  

	20.7	Counterparts. This Agreement may be signed in any number of counterparts. Any single counterpart or a set of counterparts signed, in either case, by all parties hereto shall constitute a full and original
agreement for all purposes. 

 [signature pages to follow] 

  
 -28- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly
authorized signatories as of the day and year first written above. 

  
 -29- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly
authorized signatories as of the day and year first written above. 
  

			
	as BORROWER
	
	HANWHA Q CELLS CO., LTD.
		
	By		 /s/ Jung Pyo Seo

	Name:		Jung Pyo Seo
	Title:		CFO
	
	as MANDATED LEAD ARRANGER
	
	THE KOREA DEVELOPMENT BANK
		
	By		 /s/ Tae Ju Hong

	Name:		Tae Ju Hong
	Title:		General Manager
	
	as LENDER
	
	THE KOREA DEVELOPMENT BANK
		
	By		 /s/ Tae Ju Hong

	Name:		Tae Ju Hong
	Title:		General Manager
	
	KDB ASIA LIMITED
		
	By		 /s/ Chang Hwan BAE

	Name:		Chang Hwan BAE
	Title:		Alternate CE
	
	KEB ASIA FINANCE LIMITED
		
	By		 /s/ Youn Wook Ko

	Name:		Mr. Youn Wook Ko
	Title:		CEO & President
	
	KOREA EXCHANGE BANK HONG KONG BRANCH
		
	By		 /s/ Simon S.S. Kim

	Name:		Simon S.S. Kim
	Title:		General Manager
	
	as AGENT
	
	KDB ASIA LIMITED
		
	By		 /s/ Chang Hwan BAE

	Name:		Chang Hwan BAE
	Title:		Alternate CE

  
 -29- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly
authorized signatories as of the day and year first written above. 

  
 -29- 

 SCHEDULE I 

LENDERS AND THEIR COMMITMENTS 
  

							
	 Name and Lending Office 
	  	Commitment	 
		
	 The Korea Development Bank
	  	US$	90,000,000	  
	14, Eunhaeng-ro, Yeongdeungpo-gu	  			
	Seoul, Korea	  			
		
	Fax No.:	  	+82-2-787-5592	  
	Tel No.:	  	+82-2-787-5510	  
	Attention:	  	Tae Ju Hong, Joon Seok Oh, Tae Chang Um, Hye Jin Kim, Bo Han	  
	Account No.:	  	 Bae 544-7-71671
 with JP
Morgan Chase Bank, New York
	   
   

		
	 KDB Asia Limited
	  	US$	10,000,000	  
	Suite 2005-09	  		  			
	Two International Finance Centre	  			
	8 Finance Street	  			
	Central, Hong Kong	  			
		
	Fax No.:	  	852-2810-4447, 852-2537-3989	  
	Tel No.:	  	852-2234-2105, 852-2234-2121	  
	Attention:	  	Mr.HUH, In Sun, Ms.Yvonne NG	  
	Account No.:	  	 001-1-385903
 with JP MORGAN
CHASE BANK N.A, New York
	   
   

		
	 KEB Asia Finance Limited
	  	US$	10,000,000	  
	 29/F, Dah Sing Financial Centre, 108 Gloucester Road

Wanchai, Hong Kong
	  			
		
	Fax No.:	  	+852-2865-1886	  
	Tel No.:	  	+852-3589-7521/7534/7520/7513	  
	Attention:	  	Seung Jin Kim, Kuk Chin Son, Paul Yang, Yenam Wu	  
	Account No.:	  	 81165232
 with JP Morgan Chase
Bank, New York
	   
   

	Account Name:	  	KEB Asia Finance Ltd	  
	Swift Address:	  	CHASU33	  
		
	 Korea Exchange Bank Hong Kong Branch
	  	US$	10,000,000	  
	32F, Far East Finance Centre	  			
	16 Harcourt Rd	  			
	Hong Kong, China	  			
	Fax No.:	  	852 2116 1421	  
	Tel No.:	  	852 35785034	  
	Attention:	  	MR. CHANG TAE YUNG	  
	Account No.:	  	 000137871

with HSBC BANK USA N.A., New York
  
	   

  
 

			
		  	Total:	  	US$	120,000,000	  

  
 -2- 

 SCHEDULE II 

CONDITIONS PRECEDENT DOCUMENTS 
  

	1.	The Guaranty duly executed by Guarantor. 

  

	2.	Certified copies of appropriate consents, licenses, approvals or authorizations of and filings or registrations with such governmental authorities in any jurisdiction, including Cayman Islands and Korea, as may be
necessary or advisable to authorize the borrowings under the Loan Agreement and the execution and performance of the Loan Agreement and the Guaranty and to permit payment and remittance in Dollars of all payments at the times, at the places and in
the manner provided for under the Loan Agreement and the Guaranty, including without limitation, the report to the designated foreign exchange trading bank of Guarantor in respect of the Guaranty. 

 

	3.	In relation to Borrower: 

  

	 	(a)	certified copies of: 

  

	 	(i)	Certificate of Incorporation and any Certificate of Incorporation on Change of Name; 

  

	 	(ii)	Memorandum and Articles of Association; 

  

	 	(iii)	Certificate of Good Standing issued by the Registrar of Companies in the Cayman Islands; 

  

	 	(iv)	resolutions of the Board of Directors authorizing the execution, delivery and performance by Borrower of the Loan Agreement and any other agreements, instruments or documents relating thereto, and further authorizing
the authority of the person(s) signing the Loan Agreement and any other agreements, instruments or documents to be delivered by Borrower pursuant thereto, and any power of attorney issued in connection therewith; and 

 

	 	(v)	IDs or passports of at least two (2) directors of Borrower; and 

  

	 	(b)	a certificate of a director of Borrower certifying (i) each of the documents referred to in paragraph 3(a) above and (ii) the incumbency and specimen signature(s) of the person(s) authorized to sign the
Loan Agreement and any other agreements, instruments or documents to be delivered by Borrower pursuant thereto; and 

  

	 	(c)	a written confirmation of acceptance of appointment from the agent for service of process named in Section 18.3 of the Loan Agreement. 

 

	4.	In relation to Guarantor: 

  

	 	(a)	certified copies of: 

  

	 	(i)	the Articles of Incorporation of Guarantor; 

	 	(ii)	the Commercial Registry extracts relating to Guarantor; 

  

	 	(iii)	the minutes of a meeting of the Board of Directors of Guarantor adopting resolutions authorizing the execution and performance of the Guaranty and further authorizing the authority of the person signing the Guaranty and
any other documents to be executed by Guarantor in relation thereto, and any power of attorney issued in connection therewith; 

  

	 	(iv)	the seal certificate for the Representative Director of Guarantor; and 

  

	 	(v)	IDs or passports of at least two (2) directors of Guarantor; and 

  

	 	(b)	a certificate of the Representative Director of Guarantor certifying (aa) the documents referred to in paragraphs 2 and 4(a) above, (bb) the incumbency and specimen signature and/or seal impression
of the person authorized to sign the documents as referred to in (a)(iii) above and (cc) that the seal impressions set out beside the names of each director listed in the minutes of the meeting referred to in (a)(iii) above are the respective
genuine seal impressions of each such director. 

  

	5.	Favorable legal opinions of Korean counsel and Cayman Islands counsel to Lender. 

  

	6.	Such other documents relating to any of the matters contemplated under the Loan Agreement and the Guaranty as Agent may request. 

  
 II-2- 

 EXHIBIT A 

FORM OF NOTICE OF DRAWDOWN 

[date] 
  

	To:	KDB Asia Limited 

 Suite 2005-09 

Two International Finance Centre 

8 Finance Street 
 Central, Hong
Kong 
 as Agent for the Lenders 

defined in the Loan Agreement 

referred to below 
  

	Re:	US$120,000,000 Loan Agreement dated April 21, 2015 

 Dear Sirs: 

We refer to the above Loan Agreement, and hereby give notice that we wish to make the Drawdown under the Facility on
[            ], 2015 in the amount of US$ 120,000,000. 
 The proceeds of the Drawdown are to be
used exclusively for the purposes specified in the Loan Agreement. 
 We hereby irrevocably and unconditionally authorize yourselves to transfer the
proceeds of the Drawdown to the following accounts: 
 [details of accounts] 

We hereby certify to you that as of the date of this notice: 
  

	(a)	the representations and warranties set out in Section 11 of the Loan Agreement, repeated with reference to the facts and circumstances subsisting at the date of this notice, remain true and correct;

  

	(b)	no Event of Default or prospective Event of Default has occurred which remains unwaived or unremedied or would result from the making of the Drawdown; and 

 

	(c)	all applicable conditions precedent specified in Section 3 of the Loan Agreement have been met. 

 Terms
defined in the Loan Agreement shall have the same meanings when used in this notice. 

 EXHIBIT B 

FORM OF GUARANTY 
 THIS
GUARANTY is made on the 23rd day of April, 2015 
 BY: 

HANWHA CHEMICAL CORPORATION, a corporation organized and existing under the laws of Korea with its registered head office at 17th Floor, Hanwha
Bldg. 86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea, as guarantor (“Guarantor”). 
 IN FAVOUR OF: 

 

	(1)	THE LENDERS referred to below; and 

  

	(2)	KDB ASIA LIMITED as agent for itself and for and on behalf of the Lenders (“Agent”). 

WHEREAS: 
  

	(A)	By a loan agreement (the “Loan Agreement”) dated April 21, 2015 and made among (1) Hanwha Q Cells Co., Ltd. as borrower (“Borrower”), (2) The Korea Development Bank as
mandated lead arranger, (3) the banks and other financial institutions named therein as lenders (each a “Lender” and collectively the “Lenders”) and (4) Agent, the Lenders have agreed to make available to
Borrower a term loan facility in an aggregate principal amount of up to US$120,000,000 (the “Facility”) upon the terms set out therein. 

  

	(B)	It is a condition precedent to the Lenders making the Facility available to Borrower that Guarantor enter into this Guaranty. 

NOW THIS GUARANTY WITNESSES as follows: 

Section 1. Interpretation 
 In this Guaranty,
unless the context requires otherwise: 
  

	(a)	terms and expressions defined in the Loan Agreement shall have the same meanings when used in this Guaranty; and 

  

	(b)	“Secured Indebtedness” means all and any sums (whether principal, interest, default interest, fees or otherwise) which are or at any time may become payable by Borrower under the Loan Agreement and all
other monies hereby secured. 

 Section 2. Guaranty 

 

	2.1	In consideration of the Lenders granting the Facility to Borrower, Guarantor irrevocably and unconditionally guarantees, as primary obligor and not merely as surety to the Lenders and Agent, jointly and severally with
Borrower, the due and punctual payment of the Secured Indebtedness when and as the same shall become due and payable, whether at stated maturity, upon acceleration, extension or otherwise, according to the terms of the Loan Agreement.

	2.2	Guarantor agrees to pay to Agent for the account of each Lender any amount of the Secured Indebtedness in the currency or respective currencies in which the same is payable under the terms of the Loan Agreement at any
time on demand against Agent’s invoice accompanied by Agent’s simple certificate stating that Borrower has failed to pay the same pursuant to the Loan Agreement, which invoice shall be final and conclusive as to the amount owed absent
manifest error. 

  

	2.3	This Guaranty shall be a continuing guaranty and shall remain in full force and effect until the Secured Indebtedness has been paid in full and shall not be (or be construed as to be) discharged by any intermediate
discharge or payment of or on account of the Secured Indebtedness or any settlement of accounts between Agent or any Lender and Borrower or anyone else. In the event that any payment of or on account of any of the Secured Indebtedness is
subsequently rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of, or other circumstance analogous in purpose or effect relating to, Borrower, Guarantor or any other person, Guarantor’s
obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had not been made. 

Section 3. Indemnity 
 Without prejudice to
the guaranty contained in Section 2, Guarantor unconditionally and irrevocably undertakes, as a separate, additional and continuing obligation and as a primary obligor, to indemnify each Lender and Agent from time to time on demand against all
losses, liabilities, damages, costs and expenses whatsoever arising out of any failure by Borrower to make due and punctual payment of the Secured Indebtedness or in the due and punctual performance and observance of all other obligations under the
Loan Agreement. This indemnity shall remain in effect notwithstanding that the guaranty under Section 2 ceases to be valid or enforceable against Guarantor for any reason whatsoever. 

Section 4. Preservation of Rights 
  

	4.1	The obligations of Guarantor herein contained shall be in addition to and not in substitution for any other guaranty or security which any Lender or Agent may now or hereafter hold in respect of the Secured
Indebtedness. The Lenders and Agent may change or release any such guaranty or security and such shall have no effect whatsoever on this Guaranty. 

  

	4.2	Neither the obligations of Guarantor hereunder nor the rights, powers and remedies conferred upon the Lenders and Agent by this Guaranty or by law shall be discharged, impaired or otherwise affected by:

  

	 	(a)	the winding-up, dissolution, administration or reorganization of Borrower or any change in its status, function, control or ownership; 

 

	 	(b)	any of the obligations of Borrower under the Loan Agreement being or becoming illegal, invalid or unenforceable in any respect; 

  
 B-2- 

	 	(c)	any variation or amendment to the terms of the Loan Agreement or any other document referred to therein; 

  

	 	(d)	the granting of any time or indulgence to Borrower or any other person; 

  

	 	(e)	the invalidity or unenforceability of any obligation or liability of Borrower under the Loan Agreement; 

  

	 	(f)	any invalidity or irregularity in the execution of the Loan Agreement or this Guaranty; 

  

	 	(g)	any deficiency in the powers of Borrower to enter into or perform any of its obligations under the Loan Agreement or any irregularity in the exercise thereof or any lack of authority by any person purporting to act on
behalf of Borrower; 

  

	 	(h)	any other guarantee or security which any Lender or Agent may now or hereafter hold in respect of the Secured Indebtedness being or becoming wholly or partly void, voidable or unenforceable; 

 

	 	(i)	any waiver, exercise, omission to exercise, compromise, renewal or release of any rights against Borrower or any other person or any compromise, arrangement or settlement with any of the same; 

 

	 	(j)	any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Guaranty or the obligations of Guarantor hereunder; or 

 

	 	(k)	any dispute between Borrower and any person in relation to the Loan Agreement and any amount payable thereunder. 

  

	4.3	The Lenders or Agent shall not be obliged before exercising any of the rights, powers or remedies conferred upon it under this Guaranty or by law: 

 

	 	(a)	to make any demand of Borrower; 

  

	 	(b)	to take any action or obtain judgement in any court against Borrower; 

  

	 	(c)	to make or file any claim or proof in a winding-up or dissolution of Borrower; or 

  

	 	(d)	to enforce or seek to enforce any other security taken in respect of the Secured Indebtedness. 

  

	4.4	Guarantor represents to and undertakes with the Lenders and Agent that it has not taken and will not take any security in respect of its liability under this Guaranty whether from Borrower or any other person. So long
as any sum remains owing by Borrower to Agent or any Lender, Guarantor shall not exercise any right of subrogation or any other rights of a surety or enforce any security or other right or claim against Borrower (whether in respect of its liability
under this Guaranty or otherwise) or any other person who has guaranteed or given any security in respect of the Secured Indebtedness or claim in the insolvency or liquidation of Borrower or any such other person in competition with any Lender or
Agent. If Guarantor receives any payment or benefit in breach of this Section, it shall hold the same upon trust for the Lenders and Agent as a continuing security for the Secured Indebtedness. 

  
 B-3- 

 Section 5. Costs, Charges and Expenses 

Guarantor shall from time to time forthwith on demand pay to or reimburse each Lender and Agent for all costs, charges and expenses (including legal and other
fees on a full indemnity basis) incurred by such Lender or Agent in connection with the preparation and execution of this Guaranty and in exercising any of its rights or powers hereunder or in suing for or seeking to recover any sums due hereunder
or otherwise preserving or enforcing its rights hereunder or in defending any claims brought against it in respect of this Guaranty or in releasing this Guaranty upon payment of the Secured Indebtedness. 

Section 6. Payments 
  

	6.1	All payments by Guarantor under this Guaranty shall be made to Agent not later than 10:00 a.m. (New York time) on the relevant due date in same day funds (or in such other funds as may then be customary for the
settlement in Dollars in New York City of transactions of this nature) to such bank account as Agent may have specified for such purpose in a written notice to Guarantor, in each case under facsimile advice to Agent. 

 

	6.2	If any sum due and payable hereunder is not paid on the due date in accordance with the provisions of this Guaranty, interest shall accrue on the unpaid amount (on the basis of the actual number of days elapsed in a
year of 360 days) from and including the due date to and including the date of actual payment (as well after as before judgment) at the rate per annum conclusively determined by Agent to be the higher of: (a) the
aggregate of (i) two percent (2%) and (ii) the rate of interest (if any) payable in respect of such sum immediately before the due date; and (b) the aggregate of (i) two percent (2%), (ii) the Margin and
(iii) LIBOR calculated with reference to such successive interest periods of such duration as Lender considers appropriate (each a “Designated Interest Period”) or, if any of the circumstances described in Section 8.1 of
the Loan Agreement applies, the rate from time to time certified by each Lender to be the rate representing the cost to it of funding the unpaid sum. For these purposes, LIBOR shall be determined by Agent on the first day, or two (2) London
Banking Days before the first day of, the relevant Designated Interest Period as Agent considers appropriate. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of
the actual number of days elapsed and a 360 day year, shall be compounded at the end of each Designated Interest Period and shall be payable from time to time on demand. 

Section 7. Taxes and other Deductions 
  

	7.1	All sums payable by Guarantor under this Guaranty shall be paid in full without set-off or counterclaim or any restriction or condition and free and clear of any tax or other deductions or withholdings of any nature.

  
 B-4- 

	7.2	If Guarantor or any other person is required by any law or regulation to make any deduction or withholding (on account of tax or otherwise) from any payment for the account of any Lender or Agent, Guarantor shall,
together with such payment, pay such additional amount as will ensure that such Lender or Agent receives (free and clear of any tax or other deductions or withholdings) the full amount which it would have received if no such deduction or withholding
had been required. Guarantor shall promptly forward to Agent copies of official receipts or other evidence showing that the full amount of any such deduction or withholding has been paid over to the relevant taxation or other authority.

 Section 8. Currency Indemnity 

If an amount due to any Lender or Agent from Guarantor in one currency (the “first currency”) is received by such Lender or Agent in another
currency (the “second currency”), Guarantor’s obligations in respect of such amount shall only be discharged to the extent that such Lender or Agent may purchase the first currency with the second currency in accordance with
normal banking procedures. If the amount of the first currency which may be so purchased (after deducting any costs of exchange and any other related costs) is less than the amount so due, Guarantor shall indemnify such Lender or Agent against the
shortfall. 
 Section 9. Representations and Warranties 

Guarantor represents and warrants to each Lender and Agent as follows: 
  

	(a)	Guarantor is a corporation duly organized and validly existing under the laws of Korea. Guarantor is qualified or registered to do business in every jurisdiction where the failure to so qualify or register could have a
material adverse effect on Guarantor. 

  

	(b)	Guarantor has full legal right, power and authority to carry on its present business, to own its properties and assets, to incur the indebtedness and other obligations provided for in this Guaranty, to execute and
deliver this Guaranty and all other documents hereunder and to perform and observe the terms and conditions hereof and thereof. 

  

	(c)	Guarantor has taken all appropriate and necessary corporate and legal actions to authorize the execution and delivery of this Guaranty and all other documents hereunder and to authorize the performance and observance of
the terms and conditions hereof and thereof. 

  

	(d)	Guarantor has obtained or effected all authorizations necessary for the valid execution, delivery and performance of this Guaranty or, as the case be, the Loan Agreement and such authorizations are in full force and
effect or, by the date on which the Notice of Drawdown is given, such authorizations will have been obtained and be in full force and effect and there has been no default under the conditions of any of the same. 

 

	(e)	This Guaranty constitutes the legal, valid and binding obligations of Guarantor enforceable in accordance with its terms. The execution, delivery and performance of the terms of this Guaranty or the payment by Guarantor
of all amounts due on the dates and in the currency provided for herein (i) will not violate or contravene any provision of law or regulation which is applicable to Guarantor; (ii) will not conflict with the Articles of Incorporation or
By-laws (or comparable constituent documents) of Guarantor; (iii) will not conflict with or result in the breach of any provision of, or in the imposition of any Encumbrance under, any agreement or instrument to which Guarantor is a party or by
which it or any of its properties or assets is bound; and (iv) will not constitute a default or an event that, with the giving of notice or the passing of time, or both, would constitute a default under any such agreement or instrument.

  
 B-5- 

	(f)	Guarantor is not in default under any agreement or obligation applicable to it or its assets or revenues, the consequences of which default could materially and adversely affect its business or financial condition or
its ability to perform its obligations under this Guaranty and no Event of Default or prospective Event of Default has occurred. 

  

	(g)	Guarantor is in full compliance with all applicable laws, regulations and orders, whether or not having the force of law, including without limitation, tax laws. 

 

	(h)	This Guaranty is the direct, unconditional and general obligation of Guarantor. Guarantor’s obligations hereunder rank and will rank at least pari passu in priority of payment and in all other
respects with all other unsecured and unsubordinated indebtedness of Guarantor except for those preferred by operation of law. 

  

	(i)	All registrations, recordings or filings required as a condition to the legality, validity or enforceability of this Guaranty or any other document to be executed and delivered pursuant to the terms of this Guaranty
have been made by Guarantor. 

  

	(j)	The most recent audited financial statements of Guarantor for the time being (including the audited profit and loss account and balance sheet) were prepared in accordance with all applicable laws and regulations of
Korea and generally accepted accounting principles and policies in Korea consistently applied and show a true and fair view of the financial position of Guarantor as at the end of, and the results of its operations for, the financial period to which
they relate and, as at the end of such period Guarantor did not have any significant liabilities (contingent or otherwise) or any unrealized or anticipated losses which are not disclosed by or reserved against in, such financial statements, and
there has been no material adverse change in the business or financial condition of Guarantor since the date of such financial statements. 

  

	(k)	No Encumbrance exists over all or any part of the property, assets or revenues of Guarantor other than those disclosed in the financial statements referred to in Section 9(j). 

 

	(l)	No litigation, administrative proceeding or arbitration is presently pending or threatened against Guarantor or its assets or revenues which, if adversely determined, could have a material effect on the ability of
Guarantor to perform its obligations under this Guaranty. 

  

	(m)	Guarantor is generally subject to civil and commercial law and to legal proceedings and neither Guarantor nor any of its assets or revenues is entitled to claim immunity or privilege (sovereign or otherwise) from any
set-off, judgment, execution, attachment or other legal process. 

  
 B-6- 

	(n)	Guarantor directly (or through its 100% owned affiliate) and beneficially owns not less than fifty-one percent (51%) of the issued and outstanding voting share capital of Borrower. 

Section 10. Covenants 
 Guarantor undertakes
and agrees with each Lender and Agent as follows: 
  

	(a)	Throughout the life of this Guaranty, Guarantor shall provide Agent with copies (in sufficient number for each Lender) of its unaudited financial statements for the first six (6) months of each fiscal year and its
audited and consolidated financial statements for each fiscal year as they are available but in any event not later than ninety (90) days after the close of each fiscal period covered by an unaudited financial statement and not more than one
hundred and twenty (120) days after the close of each fiscal period covered by an audited and consolidated financial statement and such other information respecting the financial condition and operations of Guarantor as Agent may from time to
time reasonably request. Each financial statement provided hereunder shall have been prepared in accordance with generally accepted accounting principles in Korea consistently applied, and be accompanied by a certificate executed by the principal
financial officer of Guarantor stating (i) that as of the date of such financial statement Guarantor is in full compliance with all terms and conditions hereof, including without limitation all financial covenants, and of any document
executed pursuant hereto, and (ii) that as of such date no Event of Default or prospective Event of Default has occurred and is continuing 

  

	(b)	Guarantor shall pay and discharge all taxes, assessments and governmental charges upon it or its assets promptly when due and, in any event, prior to the date on which penalties may become attached thereto.

  

	(c)	Guarantor shall ensure that the representations and warranties contained in this Guaranty remain at all times true and accurate by reference to the facts and circumstances from time to time existing. 

 

	(d)	Guarantor undertakes to obtain or effect any governmental authorizations as may be required or advisable in respect of the performance by Guarantor or Borrower of any of the terms and conditions of this Guaranty or, as
the case may be, the Loan Agreement, including, without limitation, any filings or periodic reports required under the Foreign Exchange Transaction Act of Korea and regulations thereunder. 

 

	(e)	Guarantor shall maintain its corporate existence in compliance with all applicable laws and regulations, and Guarantor shall maintain the present character of its business. 

 

	(f)	Guarantor shall maintain insurance on and in relation to its businesses, properties and assets with reputable underwriters or insurance companies against such risks and in such amount as are customary for businesses of
a like nature in the jurisdiction in which such properties and assets are located or in which such businesses are conducted. 

  
 B-7- 

	(g)	Guarantor shall not, except with the prior written consent of Agent (i) purchase or otherwise acquire all or any material portion of the assets or shares of any other corporation or (ii) sell, lease, transfer
or otherwise dispose of all or any material portion of its property or assets, whether by a single transaction or by a number of transactions whether related or not, or (iii) declare or pay any dividend or make any other income distribution to
its shareholders if an Event of Default or prospective Event of Default has occurred and has not been remedied to the satisfaction of Agent; Provided, however, that the prior written consent of Agent shall not be required for such purchase,
acquisition, sale, lease, transfer or disposal to be made in the ordinary course of business of Guarantor. Guarantor shall not, except with the prior written consent of Agent, merge or consolidated with any other corporation which might result in
any material adverse effect on Guarantor. 

  

	(h)	Promptly upon its occurrence, Guarantor shall give written notice to Agent of any Event of Default or prospective Event of Default, or any litigation, administrative proceeding or arbitration referred to in
Section 9(1), and of any other matter which has resulted or might result in a material adverse change in Guarantor’s operations or financial condition or affect Guarantor’s ability to pay, when due, any amounts due under this
Guaranty. 

  

	(i)	Guarantor shall not permit any loan, debt, guarantee or other obligation constituting indebtedness of Guarantor or any other person to be secured by any Encumbrance on any assets or future revenues of Guarantor without
prior written consent of the Majority Lenders, provided, however, that the foregoing shall not apply to Encumbrances arising by operation of law or arising in the ordinary course of business of Guarantor where the amount covered by such Encumbrance
is reasonably determined by the Majority Lenders not to be material. 

  

	(j)	Guarantor shall at all times own directly (or through its 100% owned affiliate) and beneficially not less than fifty-one percent (51%) of the issued and outstanding voting share capital of Borrower.

  

	(k)	Guarantor shall ensure that, at any time during the life of the Facility, the financial condition of Guarantor, as evidenced by Guarantor’s then most recent financial statements delivered to Agent pursuant to
Section 10(a) (adjusted, as Agent may consider appropriate, to take account of any changes in circumstances which occur after the date as of which such financial statements were prepared), shall be such that at all times the Total Debt to
Equity Ratio does not exceed 1.1:1. 

 Unless specifically required by Agent, the above financial covenants shall be
tested on a semi-annual basis based on Guarantor’s then most recent audited and non-consolidated or unaudited and non-consolidated financial statements. 

The expressions used in this Section 10(k) shall be construed in accordance with generally accepted accounting principles applied on a
basis consistent with those used in the preparation of the financial statements referred to in Section 9(j), but so that: 
  

	 	(i)	“Total Debt” means the total liabilities as contained in the audited financial statements of Guarantor for such fiscal year; and 

 

	 	(ii)	“Total Debt to Equity Ratio” means the ratio of (a) Total Debt to (b) total shareholder’s equity of Guarantor. 

  
 B-8- 

	(l)	Guarantor shall furnish Agent with all such other documents and instruments and do all such other acts and things as Agent may reasonably require to carry out the transactions contemplated herein or in the documents to
be delivered hereunder. 

 Section 11. Assignment 
  

	11.1	Guarantor shall not assign or transfer any of its rights or obligations hereunder. 

  

	11.2	A Lender may at any time assign, transfer or grant subparticipations in all or any part of the rights, benefits and obligations under the Loan Agreement and this Guaranty pursuant to the terms of Section 17 of the
Loan Agreement and Guarantor hereby irrevocably consents to, and agrees to be bound by, such assignment or transfer. Such Lender may make disclosures in accordance with, and Guarantor shall do such acts and things as provided in, Section 17 of
the Loan Agreement but as if references to Borrower were references to Guarantor. 

 Section 12. Governing Law and Jurisdiction

  

	12.1	This Guaranty and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of Korea. 

 

	12.2	Guarantor agrees that any legal action or proceeding arising out of or relating to this Guaranty may be brought in the Seoul Central District Court in Seoul, Korea and irrevocably submits to the non-exclusive
jurisdiction of such court. The foregoing, however, shall not limit the rights of Agent or any Lender to bring any legal action or proceeding or to obtain execution of judgment in any other jurisdiction. 

Section 13. Notices 
  

	13.1	Each notice, demand or other communication to be given or made to Guarantor under this Guaranty shall be in writing and delivered at its address or fax number set out below (or such other address or fax number as
Guarantor has by five (5) days’ prior written notice specified to Agent): 

  

			
	To Guarantor:		Hanwha Chemical Corporation
			17th Floor, Hanwha Bldg.
			86, Cheonggyecheon-ro, Jung-gu
			Seoul, Korea
			Fax No.:          82-2-729-1235
			Tel No.:          82-2-729-2943
			Attention:       Mr. Won Young, Jung

  

	13.2	Any notice, demand or other communication so addressed shall be deemed to have been delivered (i) if given or made by letter, when actually delivered to the relevant address or, as the case may be, seven
(7) days after being sent by prepaid post (by airmail if to another country) and (ii) if given or made by fax, when despatched with a simultaneous confirmation of transmission stating that the correct number of pages has been sent and that
such transmission is error free (or equivalent), provided that any notice, demand or other communication to be made or delivered to Agent or any Lender shall be effective only when actually received by Agent or such Lender and provided, further,
that, if such day is not a working day in the place to which it is sent, such notice, demand or other communication shall be deemed delivered on the next following working day at such place. 

  
 B-9- 

	13.3	Any notice, demand or other communication from Guarantor to Agent or any Lender shall be given or made in accordance with Section 19 of the Loan Agreement. 

Section 14. Miscellaneous 
  

					
	14.1		(a)		Each Lender or Agent may (but shall not be obliged to) at any time:

  

	 	(i)	set off any obligation owed by Guarantor to such Lender or, as the case may be, Agent under this Agreement against any obligation (whether or not matured) owed by such Lender or, as the case may be, Agent (at any of its
offices or branches) to Guarantor, regardless of the place of payment, booking branch or currency of either obligation; and/or 

  

	 	(ii)	combine and/or consolidate all or any of the accounts maintained with such Lender or, as the case may be, Agent (at any of its offices or branches) by Guarantor for the purpose of effecting the set-off referred to in
sub-paragraph (i) above. 

  

	 	(b)	If the obligations or the credit and/or debit balances to the accounts referred to in sub-paragraph (i) or (ii) of paragraph (a) above are in different currencies, such Lender or, as the case may be,
Agent may convert all or part of either obligation or, as the case may be, all or part of the credit/debit balance of either account at a rate of exchange determined by it for the purpose of effecting the set-off or, as the case may be, combination
or consolidation. If any obligation referred to in sub-paragraph (i) of paragraph (a) above is unliquidated or unascertained, such Lender or, as the case may be, Agent may set off in an amount estimated by it in good faith to be the amount
of that obligation. 

  

	 	(c)	Nothing in this Section 14.1 shall limit, prejudice or otherwise adversely affect any lien, right of set-off or other similar rights conferred on any Lender or Agent under general law. 

 

	14.2	Any Lender or Agent may place and keep any monies received by virtue of this Guaranty (whether before or after the insolvency or liquidation of Guarantor or Borrower) to the credit of a suspense account for so long as
it may think fit in order to preserve its rights to sue or prove for the whole amount of its claims against Guarantor, Borrower or any other person. 

  

	14.3	The failure or delay of Agent or any Lender to require performance by Guarantor of any provision of this Guaranty shall not affect its right to require performance of such provision nor shall any single or partial
exercise of the same preclude any further exercise thereof or the exercise of any other right, power or remedy. Each and every right, power and remedy granted to Agent and the Lenders hereunder or by law shall be cumulative and may be exercised in
part or in whole from time to time. 

  

	14.4	If any one or more of the provisions contained in this Guaranty shall be invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions
contained herein shall not in any way be affected or impaired thereby. 

  

	14.5	Any amendment or waiver of any provision of this Guaranty and any waiver of any default under this Guaranty shall only be effective if made in writing and signed by Agent. 

[signature page to follow] 

  
 B-10- 

 IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed by its duly authorized
representative as of the day and year first written above. 

  
 B-11- 

 EXHIBIT C 

FORM OF TRANSFER CERTIFICATE 
  

	To:	KDB Asia Limited 

 Suite 2005-09 

Two International Finance Centre 

8 Finance Street 
 Central, Hong
Kong 
 as Agent for the Lenders 

defined in the Loan Agreement 

referred to below 
 TRANSFER
CERTIFICATE 
 relating to the agreement (as from time to time amended, varied, novated or supplemented, the “Agreement”) dated
April 21, 2015 whereby a US$120,000,000 term loan facility was made available to Hanwha Q Cells Co., Ltd. (“Borrower”) by a group of banks on whose behalf KDB Asia Limited (“Agent”) acted as agent in connection
therewith. 
 1. Terms defined in the Agreement shall, subject to any contrary indication, have the same meanings herein. Certain terms used herein are
defined in the schedule hereto. 
 2. Bank (as defined in the Schedule hereto) confirms that the details in the schedule hereto under the heading
“Bank’s Participation” is an accurate summary of its Participation in the Facility and requests Transferee to accept and procure the transfer to Transferee as specified in the schedule hereto of its Participation in the
Facility by counter-signing and delivering this Transfer Certificate to Agent at its address for the service of notices specified in the Agreement. 
 3.
Transferee hereby requests Agent to accept this Transfer Certificate as being delivered to Agent pursuant to and for the purposes of Section 17.3 of the Agreement so as to take effect in accordance with the terms thereof on the Transfer Date or
on such later date as may be determined in accordance with the terms thereof. 
 4. Transferee warrants that it has received a copy of the Agreement
together with such other information as it has required in connection with this transaction and that it has not relied and will not hereafter rely on Bank to check or enquire on its behalf into the legality, validity, effectiveness, adequacy or
completeness of any such information and further agrees that it has not relied and will not rely on Bank to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairs, status or nature of Borrower. 

5. Transferee hereby undertakes with Bank and each of the other parties to the Agreement that (i) Transferee is empowered to become a party to the
Agreement as a Lender and the proposed signatory of Transferee is an authorized signatory and (ii) it will perform in accordance with their terms all those obligations which by the terms of the Agreement will be assumed by it after delivery of
this Transfer Certificate to Agent and satisfaction of the conditions (if any) subject to which this Transfer Certificate is expressed to take effect. 

 6. Bank makes no representation or warranty and assumes no responsibility with respect to the legality, validity,
effectiveness, adequacy or enforceability of the Agreement or any document relating thereto and assumes no responsibility for the financial condition of Borrower or for the performance and observance by Borrower of any of its obligations under the
Agreement or any document relating thereto and any and all such conditions and warranties, whether express or implied by law or otherwise, are hereby excluded. 

7. Bank hereby gives notice that nothing herein or in the Agreement (or any document relating thereto) shall oblige Bank to (a) accept a re-transfer from
Transferee of the whole or any part of its rights, benefits and/or obligations under the Agreement transferred pursuant hereto or (b) support any losses directly or indirectly sustained or incurred by Transferee for any reason whatsoever
including, without limitation, the non-performance by Borrower or any other party to the Agreement (or any document relating thereto) of its obligations under any such document. Transferee hereby acknowledges the absence of any such obligations as
is referred to in (a) or (b) above. 
 8. This Transfer Certificate and the rights and obligations of the parties hereunder shall be governed by
and construed in accordance with the laws of Korea. 

  
 C-2- 

 THE SCHEDULE 

 

	1.	Bank: 

  

	2.	Transferee: 

  

	3.	Transfer Date: 

  

	4.	Bank’s Participation: 

 Batik’s Participation in the Loan 

[            ] 

Bank’s Commitment 

[            ] 

 

	5.	Amount Transferred: 

 Amount of Bank’s Participation in the Loan to be
transferred to Transferee 
 [            ] 

Amount of Bank’s Commitment to be assumed by Transferee 

[            ] 

 

			
	[TRANSFEROR BANK]		[TRANSFEREE BANK]
		
	By:		By:
		
	Date:		Date:

 Administration Details of Transferee 

Address of Lending Office: 
 Telephone: 

Facsimile: 
 Attention: 

Account for Payment: 

  
 C-3- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly
authorized signatories as of the day and year first written above. 

  
 -29-EX-10.8

 Exhibit 10.8 

*** Text Omitted and Filed Separately 

Confidential Treatment Requested 

Under 17 C.F.R. §§ 200.80(b)(4) 

and 203.406 
 PHOTOVOLTAIC
MODULE 
 MASTER 

SUPPLY AGREEMENT 

BETWEEN 
 NEXTERA ENERGY
RESOURCES, LLC 
 AND 

HANWHA SOLARONE U.S.A. INC. 

Dated as of April 11, 2015 

 TABLE OF CONTENTS 

 

							
	SECTION	  	PAGE	 
			
	 1.
	  	 PRODUCT SALES AND PURCHASE.
	  	 	1	  
			
	 2.
	  	 PRICES; PAYMENT; TAXES.
	  	 	3	  
			
	 3.
	  	 RIGHT OF FIRST OFFER
	  	 	5	  
			
	 4.
	  	 WARRANTIES
	  	 	6	  
			
	 5.
	  	 CONFIDENTIALITY AND OWNERSHIP
	  	 	6	  
			
	 6.
	  	 TERM; EVENTS OF DEFAULT; TERMINATION.
	  	 	7	  
			
	 7.
	  	 TERMINATION FOR CONVENIENCE
	  	 	11	  
			
	 8.
	  	 SURVIVAL
	  	 	12	  
			
	 9.
	  	 SEVERABILITY OF PROVISIONS
	  	 	12	  
			
	 10.
	  	 WAIVER
	  	 	12	  
			
	 11.
	  	 APPLICABLE LAW
	  	 	12	  
			
	 12.
	  	 DISPUTES; JURISDICTION & VENUE.
	  	 	12	  
			
	 13.
	  	 ASSIGNMENT
	  	 	14	  
			
	 14.
	  	 PUBLICITY
	  	 	14	  
			
	 15.
	  	 COMPLETE AGREEMENT; MODIFICATIONS
	  	 	14	  
			
	 16.
	  	 NOTICES
	  	 	14	  
			
	 17.
	  	 WAIVER OF CONSEQUENTIAL DAMAGES; LIMITATION OF LIABILITY.
	  	 	16	  
			
	 18.
	  	 ANTI-BRIBERY.
	  	 	18	  
			
	 19.
	  	 LETTER OF CREDIT
	  	 	20	  
			
	 20.
	  	 CORPORATE GUARANTEES
	  	 	22	  
			
	 21.
	  	 THIRD PARTY BENEFICIARY
	  	 	22	  
			
	 22.
	  	 COUNTERPARTS
	  	 	22	  
			
	 23.
	  	 DEFINED TERMS
	  	 	23	  

  
 i 

	
	 SCHEDULES

	
	 Schedule 1 – Basic Terms of Sale – PV Modules

	
	 Schedule 2 – Form of Project Supply Agreement [...***...]

	
	 Schedule 3 – Schedule of Cancellation Payments

	
	 Schedule 4 – Schedule of Projects

	
	 Schedule 5 – Form of Letter of Credit

	
	 Schedule 6 – Form of Supplier Parent Guaranty

	
	 Schedule 7 – Project Supply Agreement Submission Deadlines

	
	 Schedule 8 – Project Allocation of Upfront Payment

	
	 Schedule 9 – Cover Cost Limits / Scheduled Letter of Credit Reductions

  

*      Confidential Treatment Requested 

ii 

 PHOTOVOLTAIC MODULE MASTER SUPPLY AGREEMENT 

This PHOTOVOLTAIC MODULE MASTER SUPPLY AGREEMENT (the “Agreement”) is made and entered into as of April 11, 2015
(the “Effective Date”) by and between Hanwha SolarOne U.S.A. Inc., a corporation formed under the laws of California (“Supplier”) and NextEra Energy Resources, LLC, a limited liability company formed under the laws
of Delaware (“NEER”). Supplier and NEER may be referred to herein individually as a “Party” and collectively as the “Parties.” Capitalized terms used but not defined herein shall have the respective
meanings set forth in the form of Project Supply Agreement attached as Schedule 2. 
 RECITALS 

WHEREAS, Supplier supplies and delivers, and its Affiliates manufacture, photovoltaic modules; 

WHEREAS, NEER is in the business of designing, constructing and installing solar electric systems utilizing photovoltaic modules, in
its own capacity and acting through Affiliates with respect to particular solar electric generation projects (each such project as set forth on Schedule 4, a “Project” and the respective owner thereof, whether NEER or an
Affiliate of NEER, a “Project Company”); and 
 WHEREAS, Supplier desires to sell and deliver to NEER, and NEER, in
its own capacity or acting through one or more Project Companies, desires to purchase and receive from Supplier, photovoltaic modules on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises and the covenants and agreements of the Parties hereinafter set forth and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 
 AGREEMENT

  

	1.	Product Sales and Purchase. 

  

	 	1.1	Product Description. Pursuant to one or more Project Supply Agreements, Supplier shall provide NEER, or a Project Company as applicable, with photovoltaic modules, with minimum power ratings as set forth in
Schedule 1 and as more specifically described in Appendix A to the applicable Project Supply Agreement (“PV Modules”). 

  
 1 

	 	1.2	Firm Commitment Obligations; Project Supply Agreements; Optional Cancellation. 

  

	 	(a)	Commencing on the Effective Date and pursuant to the terms of this Agreement, NEER or FPL (with respect to the FPL Projects only) shall purchase and receive, or NEER shall cause a Project Company that is a NEER
subsidiary to purchase and receive, PV Modules for each Project in volumes in accordance with Schedule 4 and at the price in accordance with Schedule 1 (respectively, the “Scheduled Volumes” and “Scheduled
Price”) by delivering to Supplier, from time to time, one or more Project Supply Agreements in the applicable form attached as Schedule 2 (each, a “Project Supply Agreement”) duly executed by NEER, or a Project
Company (such executing entity, the “Purchaser”), which promptly shall be countersigned by Supplier and a duly executed copy thereof returned to Purchaser; provided that any such Project Supply Agreement so delivered by
Purchaser to Supplier in accordance with the provisions of this Agreement and Section 16 (Notices) shall be valid and binding on Supplier and Purchaser (except with respect to standard delivery charges, which shall be invoiced to and paid by
Purchaser at actual cost based on the delivery point specified by Purchaser in the applicable Project Supply Agreement), and pursuant to such Project Supply Agreement Supplier shall be obligated to sell and deliver to the Purchaser thereunder, and
such Purchaser shall be obligated to purchase and accept delivery from Supplier, the Scheduled Volumes for such Project at the Scheduled Price reflected in Schedule 1 and in accordance with the delivery schedule reflected in Schedule 4
as set forth in the Project Supply Agreement, regardless of whether Supplier countersigns such Project Supply Agreement. Notwithstanding the foregoing or anything in any Project Supply Agreement to the contrary, if the weekly delivery schedule in
any Project Supply Agreement varies from the Project by Project weekly delivery schedule attached hereto as Schedule 4, then absent a change order entered into pursuant to the applicable Project Supply Agreement, Schedule 4 hereto
shall control. 

  

	 	(b)	In the event that NEER is not the Purchaser under any Project Supply Agreement, with the exception of the FPL Project Agreements in which FPL shall be liable for all payment obligations, NEER shall execute such Project
Supply Agreement for the limited purpose of remaining liable for all payment obligations of Purchaser under such Project Supply Agreement. 

  

	 	(c)	If at any time NEER or FPL, as applicable, has not delivered Project Supply Agreements providing for the purchase, sale and delivery of PV Modules for a Project set forth on Schedule 4 by the deadline for
submitting a Project Supply Agreement as set forth on Schedule 7 and NEER has not cancelled such Project pursuant to Section 7 hereof, then, at Supplier’s option, Supplier may deliver to NEER a Project Supply Agreement duly executed
by Supplier and providing for the delivery of the Scheduled Volumes for such Project in accordance with the delivery schedule reflected in Schedule 4 at Purchaser’s option to the Project Site or to storage in the continental United
States (at NEER’s cost and expense in accordance herewith), which promptly shall be countersigned by NEER as the Purchaser and a duly executed copy thereof returned to Supplier; provided that any such Project Supply Agreement so
delivered by Supplier to NEER in accordance with the provisions of this Agreement and Section 16 (Notices) shall be valid and binding on NEER and Supplier (including with respect to delivery charges payable by Supplier which shall be to
NEER’s account and billed separately to NEER), and pursuant to such Project Supply Agreement, NEER shall be obligated to purchase and accept delivery from Supplier, and Supplier shall be obligated to sell and deliver to the Purchaser
thereunder, such PV Modules, regardless of whether NEER countersigns such Project Supply Agreement; and NEER acknowledges and agrees that NEER shall remain liable for all payment obligations of Purchaser under each Project Supply Agreement pursuant
to the terms thereof. 

  
 2 

	 	(d)	Purchaser may, upon written notice to Supplier delivered on or before July 31, 2015, cancel the purchase and delivery of up to [...***...] MW in the aggregate of the Scheduled Volumes from the proposed
Projects (as set forth in Schedule 4 hereto) (any such cancellation, an “Optional Cancellation”) and in such notice shall identify the Project(s) (or portion thereof) to be cancelled in such Optional Cancellation. Following
such Optional Cancellation, Purchaser shall deliver a revised delivery schedule reflecting, as the only changes, the elimination of those deliveries for the PV Modules that are subject to the Optional Cancellation. Upon any Optional Cancellation,
Purchaser shall not be entitled to any return or refund of the portion of the Upfront Payment allocable to such cancelled PV Modules, but such amounts shall be applied as a credit, with such credit applicable to the next delivered PV Modules under
any Project Supply Agreement and successive deliveries thereafter until exhausted, or as otherwise determined by Purchaser in its reasonable discretion and upon written notice to Supplier. 

 

	 	(e)	Unless the Parties mutually agree otherwise in writing in a Project Supply Agreement, Supplier shall deliver the PV Modules DDP (Incoterms 2010) to Purchaser at the site of each Project. 

 

	 	(f)	The delivery of the Supplier Parent Guaranty by Supplier pursuant to Section 20 shall be a condition precedent to the obligations of each Party under this Agreement. 

 

	2.	Prices; Payment; Taxes. 

  

	 	2.1	Prices. The price for the PV Modules sold to Purchaser in accordance with any Project Supply Agreement shall be the “Scheduled Price” as set forth in Schedule 1. 

* Confidential Treatment Requested 

  
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	 	2.2	Payments. With respect to calendar years 2015 and 2016, NEER shall or shall cause Purchasers to, pay the Scheduled Price for the applicable quantities of the PV Modules set forth on Schedule 1 as follows:

  

	 	(a)	Upfront Payment / Letter of Credit Exchange. Within five (5) Business Days following notice from Supplier that it is prepared to deliver the Letter of Credit pursuant to Section 19, NEER shall be
prepared to pay Supplier an upfront payment (the “Upfront Payment”) in the amount of $[...***...] concurrently with the delivery of the Letter of Credit by Supplier as described in the following sentence. The Parties shall
meet in the offices of Skadden, Arps, Slate, Meagher & Flom LLP in Seoul, Korea or such other mutually acceptable location where the original executed Letter of Credit shall be placed in escrow to be released to NEER upon confirmation that
the Upfront Payment has been electronically transferred to the account of Supplier. Upon confirmation that the original, executed Letter of Credit is placed in escrow for release to NEER upon payment of the Upfront Payment to Supplier, NEER shall
pay Supplier the Upfront Payment to the account of Supplier, which account information shall be provided by Supplier in its notice to Purchaser regarding delivery of the Letter of Credit. 

 

	 	(b)	Application of Upfront Payment. The Upfront Payment shall be credited on a pro rata basis against the Purchase Price for the PV Modules to be delivered to NEER and its subsidiaries in 2015 and 2016
pursuant to this Agreement outside the State of Florida, and upon delivery of a Project Supply Agreement, the Upfront Payment for the Project subject to such Project Supply Agreement as set forth on Schedule 8 shall be deemed to have been
made thereunder. 

  

	 	(c)	Balance of Payments. Upon delivery of PV Modules to the carrier at the port of export for a Project Supply Agreement where NEER or a NEER Subsidiary is the counterparty, Supplier shall invoice Purchaser under the
applicable Project Supply Agreement for (i) [...***...]% of the Purchase Price for such PV Modules, which invoice shall be deemed paid in full upon issuance by applying the Upfront Payment as a credit to such invoice, and
(ii) [...***...]% of the Purchase Price for such PV Modules, which invoice shall be deemed paid upon issuance to the extent of any previously unapplied portion of the Upfront Payment by applying such unapplied portion pro rata
against the PV Module Price for the PV Modules to be shipped as a credit to such invoice. Upon delivery of PV Modules to the carrier at the port of export for a Project Supply Agreement where FPL is the counterparty, Supplier shall invoice Purchaser
under the applicable Project Supply Agreement for [...***...]% of the Purchase Price for such PV Modules. 

 *
Confidential Treatment Requested 

  
 4 

 Upon Delivery of the PV Modules, Supplier shall invoice Purchaser under the applicable Project
Supply Agreement for the remaining [...***...]% of the Purchase Price for such PV Modules. On or prior to the tenth (10th) day of each calendar month, Supplier shall invoice Purchaser for delivery charges incurred during the prior
calendar month. The amount of any credit applied to such invoice, if any, pursuant to Section 1.2(d) or Section 7(d) shall be annotated thereon. For the avoidance of doubt, no portion of the Upfront Payment amount shall be allocable to PV
Modules to be purchased under the FPL Project Agreements. The portion of the Upfront Payment eligible for the Letter of Credit as set forth on Schedule 8 shall be applied to invoices for payment prior to the application of the remaining
amount of the Upfront Payment. 
  

	 	(d)	Form of Payments. All payments under this Agreement and any Project Supply Agreement(s) shall be made in United States Dollars by automated clearing house (ACH) payment to the bank account designated by Supplier.

  

	 	(e)	Refund of Upfront Payment. Except as provided in Section 6.5, NEER shall not be entitled to a refund of the Upfront Payment. 

 

	 	2.3	Invoices for Balance of Payments. Invoices for PV Modules delivered under any Project Supply Agreement shall be delivered and paid as provided in such Project Supply Agreement. 

 

	 	2.4	Taxes. Liability for Taxes, if any, with respect to the sale of any PV Modules delivered under any Project Supply Agreement shall be as set forth under such Project Supply Agreement. The Upfront Payment includes
no amount for Taxes relating to the purchase and sale of PV Modules pursuant to any Project Supply Agreement or hereunder. 

  

	3.	Right of First Offer. Provided that no Supplier Event of Default has occurred and is continuing and provided further that the PV Modules are performing in accordance with their specifications as set
forth in Appendix A to the Project Supply Agreement, then Commencing no later than July 1, 2016, the Parties shall discuss and negotiate the terms and conditions of the sale and purchase of Modules for NEER and its Affiliates during calendar
years 2017-2018. During the calendar years 2017-2018, if NEER or any of its subsidiaries intends to enter into an agreement for the purchase of any photovoltaic modules (“Modules”) for the purposes of constructing a solar generation
facility other than distributed generation projects, NEER shall, or shall cause such subsidiary to, notify Supplier in writing of its desire to purchase such photovoltaic modules including in such notice a proposed volume, pricing, power rating and
delivery schedule. Supplier shall have fifteen (15) days following such notice to accept or reject NEER’s offer. If Supplier does not give such notice to NEER within the period described above with respect to any portion of the proposed
volumes, NEER shall be free to purchase or cause any of its subsidiaries to purchase such portion of Modules from a Third Party; provided that such purchase is concluded on terms substantially similar to those presented by NEER to Supplier.
Notwithstanding the foregoing, this Section 3 shall not apply with respect to projects: (i) that are subjects of engineering, procurement and construction agreements, where the contractor or its affiliate is obligated to provide the
modules, (ii) where the approvals required for the construction of the project (other than approvals of NEER or its Affiliates) and/or associated power purchase agreement specify another manufacturer’s modules be utilized and
(iii) where NEER or its subsidiary purchases a project after the project being acquired has become subject to a module supply agreement before such acquisition. 

* Confidential Treatment Requested 

  
 5 

	4.	Warranties. The Limited Warranty Agreement for the PV Modules shall be delivered under the applicable Project Supply Agreement. 

 

	5.	Confidentiality and Ownership. 

  

	 	5.1	Each Party agrees that the contents of this Agreement and any information relating to the negotiations or performance of this Agreement and any confidential information provided pursuant to this Agreement (the
“Confidential Information”) shall be treated as confidential and that each Party, without the prior written consent of the disclosing Party, shall not disclose Confidential Information to any Person, except as permitted herein.
Notwithstanding the foregoing, day-to-day notices and communications under this Agreement shall not be considered Confidential Information unless it is specifically designated as proprietary and confidential. 

 

	 	5.2	Notwithstanding the foregoing, this Article 5 shall not prevent either Party from disclosing any Confidential Information, including the contents of the Agreement, if and to the extent: 

 

	 	(a)	required to do so by Applicable Laws or any Government Authority, provided that the Party required to disclose such information shall give prior notice to the other of such required disclosure and, if so requested by
the other Party, shall use all reasonable efforts to oppose the requested disclosure as appropriate under the circumstances at the sole cost and expense of the disclosing Party; 

 

	 	(b)	disclosed to its Affiliates, Financing Parties (including potential Financing Parties), and their respective contractors (including potential contractors), employees, directors, officers, agents, advisors, insurers,
legal counsel or legal representatives with a need-to-know the Confidential Information for the purposes of effecting the transactions contemplated by this Agreement, any financing arrangements in respect of any Project by NEER or its Affiliates, or
a permitted sale or transfer of a Project by NEER or its Affiliates; provided that such Persons are informed of the confidential nature of the Confidential Information, and the Party disclosing such information shall be liable to the other for any
disclosure by its employees in violation of the terms of this Article 5; 

  
 6 

	 	(c)	such information was already publicly available prior to disclosure by the disclosing Party to the other, or which after disclosure entered the public domain other than by a breach of this Article 5 by the other Party
or its Representatives; 

  

	 	(d)	such information was known to the recipient prior to the date of receipt of any of the Agreement and not obtained or derived under or in connection with the Agreement; 

 

	 	(e)	such information was obtained by the recipient from a Third Party whom such party reasonably believes to be in lawful possession of such information and not under a confidentiality obligation to the Party from whom such
information originated. 

  

	 	5.3	It is agreed that each Party shall be entitled to request the court provide injunctive relief in the event of any breach of this Article 5. 

 

	 	5.4	All right and title to, and interest in, Purchaser’s Confidential Information shall remain with Purchaser. All right and title to, and interest in, Supplier’s Confidential Information shall remain with
Supplier. 

  

	 	5.5	At any time upon written request by a disclosing Party, the other Party shall promptly return to the disclosing Party or destroy all its Confidential Information, including all copies thereof, and shall promptly purge
all electronic copies of such Confidential Information; provided that the other Party shall be entitled to keep copies of such Confidential Information in accordance with its record retention policies. The return of Confidential Information to the
disclosing Party, the purging of electronic copies of Confidential Information or the retention of a copy of Confidential Information for legal records shall not release a Party from its obligations hereunder with respect to such Confidential
Information. 

  

	6.	Term; Events of Default; Termination. 

  

	 	6.1	Term. 

  

	 	(a)	The term of this Agreement shall commence on the Effective Date and continue until the date when all of the obligations of each of the Parties under this Agreement shall have been fully performed or until this Agreement
is earlier terminated in accordance with its terms (the “Term”); provided, that the termination of this Agreement shall not affect the obligations of the Parties to any then-binding Project Supply Agreements delivered
hereunder. The obligations of Supplier to supply and deliver PV Modules and the obligations of NEER or FPL to purchase and receive PV Modules pursuant to Articles 1 and 2 hereof shall be deemed fully performed and their liabilities with respect to
each other for such obligations shall be deemed released upon the delivery of Project Supply Agreements for all Scheduled Volumes that have not been terminated pursuant to Section 1.2(d), Section 6.6 or Section 7 or by the written
agreement of the Parties. It is expressly intended that the term of this Agreement not be co-extensive with the term of any Project Supply Agreement or Limited Warranty Agreement entered into in connection with any Project Supply Agreement.

  
 7 

	 	(b)	The obligations of each Party under this Agreement shall be subject to Supplier’s receipt of the approval of the Bank of Korea for the Supplier Parent Guaranty and the delivery of such Supplier Parent Guaranty to
Purchaser. 

  

	 	6.2	Delivery of Upfront Payment and Letter of Credit. In the event that Supplier does not deliver the Letter of Credit to NEER prior to the date set forth in Section 19, Supplier shall be deemed in breach of
this Agreement. In the event that Supplier has provided the notice described in Section 2.2(a) and NEER does not provide the Upfront Payment to Supplier in accordance with Section 2.2(a) hereunder, NEER shall be deemed in breach of this
Agreement. Notwithstanding anything in Section 6.3 or Section 6.4 to the contrary, no cure period shall apply to either such breach. In the event of such breach, the non-breaching Party may immediately terminate this Agreement upon notice
to the other Party. Upon such termination, the non-breaching Party’s sole and exclusive remedy for such breach shall be the payment of $[...***...] (the “Termination Payment”) by the breaching Party. The breaching Party
shall pay the Termination Payment to the non-breaching Party no later than five (5) Business Days after the date of termination. The Parties acknowledge and agree that each Party’s damages for a failure of the other Party to deliver the
Letter of Credit or Upfront Payment, as applicable, would be extremely difficult or impossible under the presently known and anticipated facts and circumstances to determine and fix, and the Termination Payment constitutes a reasonable approximation
of the harm to or loss of the non-breaching Party. 

  

	 	6.3	Supplier Events of Default. Each of the following events shall be an event of default of Supplier (each, a “Supplier Event of Default”): (i) a breach by Supplier of any material covenant or
agreement under this Agreement and such breach is not cured within thirty (30) days after receipt of written notice from NEER of such failure (except for the obligation of Supplier to deliver the Letter of Credit to NEER prior to the date set
forth in Section 19 which is subject to Section 6.2), (ii) the occurrence of a Supplier Insolvency Event, (iii) the occurrence of a Guarantor Insolvency Event, or (iv) failure of Supplier to maintain, or cause to be
maintained, the Letter of Credit and the Supplier Parent Guaranty in accordance with the terms hereof unless Supplier has provided replacement credit support acceptable to NEER within five (5) Business Days. 

* Confidential Treatment Requested 

  
 8 

	 	6.4	NEER Events of Default. Each of the following events shall be an event of default of NEER (each, a “NEER Event of Default”): (i) a breach by NEER of any material covenant or agreement under
this Agreement and such breach is not cured within thirty (30) days after receipt of written notice from Supplier of such failure (except for (x) the obligation of NEER to deliver the Upfront Payment to Supplier prior to the date set forth
in Section 2.2(a) which is subject to Section 6.2, and (y) events listed in this Section 6.4 as a separate NEER Event of Default) or (ii) the occurrence of a NEER Insolvency Event. 

 

	 	6.5	Remedies for a Supplier Event of Default. Upon the occurrence of a Supplier Event of Default, NEER may terminate this Agreement with respect to Scheduled Volumes not yet subject to a Project Supply Agreement.
Upon such termination, NEER’s sole and exclusive remedy (without duplication) for the Supplier Event of Default shall be the following: 

  

	 	(a)	after the delivery of the Supplier Parent Guaranty, but prior to the delivery of the Letter of Credit, make a claim against the Parent Guaranty for the Termination Payment; 

 

	 	(b)	after the delivery of the Letter of Credit, upon five (5) Business Days’ notice to Supplier, draw upon the Letter of Credit pursuant to the terms of Section 19.1 for the amount of (i) the Upfront
Payment eligible for the Letter of Credit set forth on Schedule 8 for the Projects not yet subject to a Project Supply Agreement, and (ii) Cover Costs not to exceed the amount of the Letter of Credit eligible for Cover Costs;

  

	 	(c)	seek Cover Costs from Supplier in accordance with the terms of Section 33 of a Project Supply Agreement for the Scheduled Volumes not yet subject to a Project Supply Agreement; and 

 

	 	(d)	make a claim against the Supplier Parent Guaranty for Cover Costs. 

  

	 	6.6	Remedies for a NEER Event of Default. 

  

	 	(a)	Upon the occurrence of a NEER Event of Default, Supplier may terminate this Agreement with respect to Scheduled Volumes not yet subject to a Project Supply Agreement upon written notice to NEER. Upon such termination,
Supplier’s sole and exclusive remedy for the NEER Event of Default shall be the payment of the Cancellation Payment by NEER; provided that Supplier shall not be deemed to have waived any rights with respect to claims of Supplier which
accrued prior to such termination. 

  

	 	(i)	No later than five (5) Business Days after the date of such termination, NEER shall be obligated to pay Supplier the amount determined in accordance with the cancellation schedule in Schedule 3
(“Cancellation Payment”). 

  
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	 	(ii)	Supplier shall be entitled to retain and offset from the Upfront Payment amounts not yet subject to a Project Supply Agreement an amount equal to the then applicable Cancellation Payment for such Project against the
Cancellation Payment due. 

  

	 	(iii)	Any portion of the Upfront Payment not retained and offset in accordance with Section 6.6(ii) above shall be applied as a credit at the port of export to the first Deliveries under a Project Supply Agreement after
the date of such termination, until such credit is exhausted. 

  

	 	(iv)	The limitation on NEER’s liability set forth in Section 17.5 shall not apply to the obligation of NEER to pay the Cancellation Payment. 

 

	 	(b)	Upon the occurrence of an Insolvency Event of NEER or a Project Company during which a Purchaser Event of Default under Section 34(i) of a Project Supply Agreement has occurred and is continuing (“Payment
Default”), 

  

	 	(i)	The applicable Cancellation Payment for (x) the Project(s) subject to a Project Supply Agreement(s) under which a Payment Default has occurred and is continuing, and (y) Projects not yet subject to a Project
Supply Agreement, in an amount equal to the then applicable Cancellation Payment for such Projects shall be due and payable; 

  

	 	(ii)	Supplier shall be entitled to retain and offset from the Upfront Payment for the Projects set forth in subsection (i)(x) and (y), an amount equal to the then applicable Cancellation Payment for such Projects against the
Cancellation Payment due. 

  

	 	(iii)	The Upfront Payment for the Projects set forth in subsection (i)(x) and (y) shall be deemed to satisfy the amount of Cancellation Payment due to the extent of the amount of such Upfront Payment, and Supplier shall
be entitled to retain and offset such amount of the Upfront Payment against the Cancellation Payment. 

  

	 	(iv)	The limitation on NEER’s liability set forth in Section 17.5 shall not apply to the obligation of NEER to pay the Cancellation Payment. 

  
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	 	(c)	The Parties acknowledge and agree that Supplier’s damages for a NEER Event of Default would be extremely difficult or impossible under the presently known and anticipated facts and circumstances to determine and
fix, and the Cancellation Payment constitutes a reasonable approximation of the harm to or loss of Supplier. 

  

	 	6.7	Effect of Termination of This Agreement on the Project Supply Agreements. For the avoidance of doubt, if the Agreement is terminated pursuant to this Article 6, this Agreement shall not terminate with respect to
any Project Supply Agreement delivered hereunder. 

  

	 	6.8	Cancellation Payment. Notwithstanding anything to the contrary in this Agreement or in a Project Supply Agreement, in the event NEER or FPL, as applicable, does not pay Supplier the Cancellation Payment under
Section 6 or 7 of this Agreement or Section 34 or 35 of a Project Supply Agreement by the required date set forth in such agreement, Supplier shall be entitled to retain and offset from the Upfront Payment, an amount equal to the then as
applicable Cancellation Payment to be paid by Purchaser to Supplier. 

  

	7.	Termination for Convenience. Upon five (5) Business Days’ advance written notice by NEER to Supplier, NEER may terminate one or more Projects in their entirety with respect to all Scheduled Volumes for
such Project(s) that are not subject to a Project Supply Agreement issued hereunder at any time for its convenience without prejudice to any other right or remedy, and after such termination, no Project Supply Agreement with respect to such
Scheduled Volumes may be issued hereunder; provided that this Section 7 shall not apply to the cancellation of Scheduled Volumes pursuant to the terms of Section 1.2(d). Subject to Supplier’s receipt of the Cancellation
Payment, such termination shall be effective in accordance with the notice provisions set forth in Section 16. In the event of any termination by NEER in accordance with this Article 7: 

 

	 	(a)	following such termination, Purchaser shall deliver a revised delivery schedule reflecting, as the only changes, the elimination of those deliveries of PV Modules that are subject to such termination; 

 

	 	(b)	on the date of such termination, NEER shall be obligated to pay Supplier the Cancellation Payment; 

  

	 	(c)	Supplier shall be entitled to retain and offset from the Upfront Payment amounts not yet subject to a Project Supply Agreement an amount equal to the then applicable Cancellation Payment for such terminated Project(s)
against the Cancellation Payment due; 

  

	 	(d)	any portion of the Upfront Payment not retained and offset in accordance with Section 7(c) above or Section 35 of a Project Supply Agreement shall be applied as a credit at the port of export to the first
Deliveries under a Project Supply Agreement after the date of such termination, until such credit is exhausted; and 

  
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	 	(e)	the limitation on NEER’s liability set forth in Section 17.5 shall not apply to the obligation of NEER to pay the Cancellation Payment. 

The Parties acknowledge and agree that Supplier’s damages for a NEER termination would be extremely difficult or impossible under the
presently known and anticipated facts and circumstances to determine and fix, and the Cancellation Payment constitutes a reasonable approximation of the harm to or loss of Supplier. 

 

	8.	Survival. The provisions of Sections 3, 5, 6.5, 6.6, 7, 8, 11, 12 and 17 shall survive the termination of this Agreement. 

  

	9.	Severability of Provisions. If any provision of this Agreement is determined to be void, unlawful, or otherwise unenforceable, that provision shall be severed from the remainder of the Contract, and replaced
automatically by a provision containing terms as nearly like the void, unlawful, or unenforceable provision as possible, or otherwise modified in such fashion as to preserve, to the maximum extent possible, the original intent of the Parties, and
the Contract, as so modified, shall continue in full force and effect. 

  

	10.	Waiver. The failure of either Party to insist upon the performance of any provision of this Agreement or to exercise any right or privilege granted to such Party under this Agreement shall not be construed as
waiving such provision or any other provision of this Agreement, and the same shall continue in full force and effect. If any provision of this Agreement or any Project Supply Agreement is found to be illegal or otherwise unenforceable by any court
or other judicial or administrative body, the other provisions of this Agreement or the relevant Project Supply Agreement shall not be affected thereby, and shall remain in full force and effect. 

 

	11.	Applicable Law. The validity, performance, and construction of this Agreement and each Project Supply Agreement shall be governed by the laws of New York without regard to its conflicts of laws principles (other
than Section 5-1401 of the New York General Obligations Law). The U.N. Convention on the International Sale of Goods shall not apply to this Agreement. 

  

	12.	Disputes; Jurisdiction & Venue. 

  

	 	12.1	Dispute Resolution Procedure. In the event of any dispute, controversy or claim arising out of or relating to any provision of this Agreement or the interpretation, enforceability, performance, breach,
termination or validity hereof, including any dispute as to this Article 12 (a “Dispute”), the Parties will, in the first instance, attempt in good faith to resolve such Dispute by negotiations between senior executives of the
Parties. 

  

	 	12.2	Arbitration. 

  

	 	(a)	If, for any reason, the Dispute has not been resolved in writing pursuant to Section 12.1 within sixty (60) days after the delivery of a written request for such resolution, such Dispute shall be finally
settled under the Rules of Arbitration of the International Chamber of Commerce (the “ICC”) then in effect (the “Rules”), except as modified herein. 

  
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	 	(b)	The arbitral tribunal shall be comprised of three (3) independent and impartial arbitrators. Each Party shall nominate one arbitrator in accordance with the Rules, and the two arbitrators so nominated shall
nominate a third arbitrator, who shall serve as the president of the arbitral tribunal, within twenty (20) days of the confirmation of the appointment of the second arbitrator (the “Chair”). Any arbitrator not timely nominated
herein shall, on the written request of any party to the arbitration, be appointed by the Court of Arbitration of the ICC. 

  

	 	(c)	The arbitration proceedings shall be conducted in the English language, and all documents not in English submitted by any party as evidence shall be accompanied, within a reasonable period of time to be determined by
the tribunal, by an English translation of the portion relied on therein. The seat of arbitration shall be Paris, France. 

  

	 	(d)	If the tribunal determines it required and necessary, each Party may request the other Party or Parties to produce certain specified documents or categories of documents relevant to the Dispute and material to its
outcome. In making any determination regarding the scope of production, the arbitral tribunal shall apply the 2010 International Bar Association Rules on the Taking of Evidence in International Arbitration. 

 

	 	(e)	The award shall be final and binding upon the Parties. Judgment upon any award may be entered in any court having jurisdiction thereof. 

 

	 	(f)	By agreeing to arbitration, the Parties do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings and the
enforcement of any award. 

  

	 	(g)	In order to facilitate the comprehensive resolution of related Disputes, the parties consent that any pending or contemplated arbitration hereunder may be consolidated with any other arbitration proceeding constituted
under this Agreement or any arbitration proceeding constituted under any Project Supply Agreement. An application for such consolidation may be made by any party to this Agreement or any Project Supply Agreement to the tribunal for the prior
arbitration. Such tribunal shall, after providing all interested parties the opportunity to comment on such application, order that any such pending or contemplated arbitration be consolidated into a prior arbitration if it determines that
(i) there are issues of fact or law common to the proceedings so that a consolidated proceeding would be more efficient than separate proceedings, and (ii) no Party would be unduly prejudiced as a result of such consolidation through undue
delay or otherwise. For the avoidance of doubt, consolidation under this paragraph is intended to promote efficiency, to avoid the possibility of inconsistent awards, and to prevent double recovery, and consolidation is therefore contemplated and
understood to occur and apply to and between all parties to this Agreement and a Project Supply Agreement. 

  
 13 

	13.	Assignment. Neither Party shall assign this Agreement without the prior written consent of the other Party hereto, and any purported assignment without such consent shall be deemed null and void, which consent
shall not be unreasonably withheld, conditioned or delayed. 

  

	14.	Publicity. Supplier shall not (and shall cause its Affiliates not to), and NEER shall not (and shall cause its Affiliates not to), make or authorize any news release, advertisement, or other disclosure which
shall confirm the existence or convey any aspect of this Agreement or any Project Supply Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld, conditioned or delayed, except as may be
required to perform this Agreement or a Project Supply Agreement, and as required by Applicable Law (including the Securities Act of 1993 and the Securities Exchange Act of 1934 as well as rules and regulations promulgated by the United States
Securities and Exchange Commission, the securities laws, rules and regulations of Korea, and the securities laws, rules and regulations of the Cayman Islands) or any applicable stock exchange rules and regulations. Following the Effective Date of
this Agreement, the Parties hereby agree to cooperate in good faith to issue a press release with respect to this Agreement. 

  

	15.	Complete Agreement; Modifications. This Agreement, including all exhibits, schedules, and annexes hereto, contains the complete and entire agreement among the Parties as to the subject matter hereof and replaces
and supersedes any prior or contemporaneous communications, representations or agreements, whether oral or written, with respect to the subject matter of this Agreement. In the event of any conflict between this Agreement and any Project Supply
Agreement, this Agreement shall control over the Project Supply Agreement. No modification of the Agreement shall be binding unless it is written and signed by both Parties. 

 

	16.	Notices. Whenever a provision of the Agreement requires or permits any consent, approval, notice, request, or demand from one Party to another, the consent approval, notice, request, or demand must be in writing
and delivered in order to be effective. Any such consent approval, notice, request, or demand shall be deemed delivered and received if: 

  

	 	(a)	personally delivered or if delivered by overnight courier service, when actually received by the Party to whom notice is sent, at the address of such Party set forth below (or at such other address as such Party may
designate by written notice to the other Party in accordance with this Section 16); or 

  
 14 

	 	(b)	delivered by email on the day transmitted if before 5:00 p.m. and on the subsequent day if received after 5:00 p.m. New York time, and receipt is subsequently confirmed in writing by the recipient. 

Supplier: 
 Hanwha
SolarOne U.S.A. Inc. 
 300 Spectrum Center Drive, Suite 1250 

Irvine, CA 92618 
 Telephone for
confirmation: [...***...] 
 Attn: [...***...] 

Email: [...***...] 
 and

 Telephone for confirmation: [...***...] 

Attn: [...***...] 
 Email:
[...***...] 
 With a copy to: 

Hanwha SolarOne U.S.A. Inc. 
 300
Spectrum Center Drive, Suite 1250 
 Irvine CA 92618 

Telephone for confirmation: [...***...] 

Attn: [...***...], Legal Department 

Email: [...***...] 

Purchaser: 
 NextEra
Energy Resources, LLC 
 700 Universe Boulevard 

Juno Beach, FL 33408-2683 
 Attn:
VP Integrated Supply Chain 
 Telephone: [...***...] 

Email: [...***...] 

With a copy to: 
 NextEra
Energy Resources, LLC 
 700 Universe Boulevard 

Juno Beach, FL 33408-2683 
 Attn:
General Counsel 
 Telephone: [...***...] 

Email: [...***...] 
 *
Confidential Treatment Requested 

  
 15 

	17.	Waiver of Consequential Damages; Limitation of Liability. 

  

	 	17.1	NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR CONSEQUENTIAL, SPECIAL, EXEMPLARY, INDIRECT OR INCIDENTAL LOSSES OR DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT, AND SUPPLIER AND NEER EACH HEREBY RELEASE THE
OTHER FROM SUCH LOSSES OR DAMAGES, INCLUDING LOSS OF PROFITS. THE FOREGOING LIMITATION SHALL NOT: (I) PRECLUDE RECOVERY, WHERE APPLICABLE, OF THE TERMINATION PAYMENT IN SECTION 6.2, THE CANCELLATION PAYMENT, LIQUIDATED DAMAGES, OR COVER COSTS
IN SECTION 17.3; OR (II) APPLY TO ANY CLAIMS BASED ON GROSS NEGLIGENCE, WILLFUL MISCONDUCT, OR FRAUD. 

  

	 	17.2	Except as otherwise provided herein, Supplier’s maximum cumulative liability under this Agreement and the Project Supply Agreements, taken together, shall be $[...***...] (the “Maximum Liability
Amount”); provided that the Maximum Liability Amount shall be reduced by [...***...]% of the [(total WDC Scheduled Volumes terminated pursuant to Section 1.2(d), 6.6 or Section 7 of this Agreement or Sections 34 or 35
of a Project Supply Agreement x Scheduled Price)] (such reductions if they occur, the “Reduction Amount”). For the avoidance of doubt, any refund of the Upfront Payment due to NEER resulting from Supplier’s breach of this
Agreement shall not be included in any calculation of Supplier’s Maximum Liability Amount, and Suppliers Maximum Liability Amount shall not in any way limit Purchaser’s rights under the Limited Warranty Agreement. Notwithstanding the
foregoing, Supplier’s maximum cumulative liability under the Project Supply Agreements with respect to Schedule Liquidated Damages (as defined in the Project Supply Agreement) for all initial Scheduled Volumes shall be limited to
$[...***...], which is the sum of an amount equal to[...***...]% of the [total WDC Scheduled Volumes under the Project Supply Agreement x Scheduled Price] under all Project Supply Agreements (assuming the Project Supply Agreements
delivered hereunder cover one hundred percent (100%) of the initial Scheduled Volumes) and Supplier’s maximum cumulative liability under the Project Supply Agreements with respect to Performance Liquidated Damages (as defined in the
Project Supply Agreement) for all initial Scheduled Volumes shall be limited to $[...***...], which is the sum of an amount equal to [...***...]% of the [total WDC Scheduled Volumes delivered under such Project Supply Agreement x
Scheduled Price] under all Project Supply Agreements (assuming the Project Supply Agreements delivered hereunder cover one hundred percent (100%) of the initial Scheduled Volumes (other than the initial Scheduled Volumes to be delivered to a
Project Site in Florida)). 

 * Confidential Treatment Requested 

  
 16 

	 	17.3	Following termination of this Agreement or a Project Supply Agreement by NEER or an FPL Project Supply Agreement by FPL (in each case for cause), NEER or FPL, as applicable, shall be entitled to make a claim for Cover
Costs; provided that there shall be no duplication of Cover Costs recovery under this Agreement and a Project Supply Agreement for a failure by Supplier to deliver to a single Project. With respect to claims for Cover Costs by such party or
any Purchaser under this Agreement or any Project Supply Agreement, as applicable, each such claim shall be limited to an amount equal to the number of undelivered WDC under such contract multiplied by the corresponding “WDC Maximum Cover
Costs” found in Schedule 9 hereto corresponding to the date of termination of such contract. Notwithstanding the foregoing, if such party fails to terminate this Agreement or a Purchaser fails to terminate a Project Supply Agreement
within five (5) days from the date upon which such party had the right to terminate the respective contract, then for purposes of the above calculation, the termination date of such contract shall be deemed to be the day that is five
(5) days from the date upon which its right to terminate was effective. NEER or FPL, as applicable shall provide reasonable evidence of Cover Costs when it submits any claim for Cover Costs, and after remitting such Cover Costs to NEER or FPL
as applicable, Supplier shall have the right to have an independent audit of the Cover Costs and such party’s books and records relating to such Cover Costs. 

 

	 	17.4	Except for Supplier’s Parent Guaranty and the Letter of Credit, NEER’s sole recourse for any damages or liabilities due to NEER by Supplier pursuant to this Agreement shall be limited to the assets of Supplier
without recourse individually or collectively to the assets of any shareholders or Affiliates of Supplier or the officers, directors, employees or agents of Supplier, its shareholders or their Affiliates. 

 

	 	17.5	NEER’s maximum cumulative liability under this Agreement shall be limited to an amount equal to the Maximum Liability Amount less the Reduction Amount, provided that such limitation of liability shall not apply to
Purchaser’s obligation to pay the Cancellation Payment (to the extent such Cancellation Payment exceeds such limitation of liability). Supplier’s sole recourse for any damages or liabilities due to Supplier by NEER pursuant to this
Agreement shall be limited to the assets of NEER without recourse individually or collectively to the assets of the members or the Affiliates of NEER or the officers, directors, employees or agents of NEER, its members or their Affiliates.

  

	 	17.6	Notwithstanding anything to the contrary in this Agreement or in any Project Supply Agreement, there shall be no duplication of recovery by Supplier, NEER or any Project Company, including their Affiliates and permitted
assigns and successors, under this Agreement and any Project Supply Agreement. In the event that a Project Supply Agreement has been delivered under this Agreement, to the extent that the facts and circumstances may give rise to a claim of any party
under such Project Supply Agreement, each of Supplier and NEER waive all such claims under this Agreement and release and discharge the other Party from any and all liability to NEER or Supplier, as applicable, under such claims under this Agreement
(“Released Claims”). For the avoidance of doubt, such waiver and discharge does not apply to claims under a separate Project Supply Agreement delivered under this Agreement. NEER shall indemnify and hold Supplier and Supplier’s
Affiliates harmless from and against any Released Claims including all costs, expenses, and attorneys’ fees assessed against or suffered by Supplier under this Agreement. 

  
 17 

	18.	Anti-Bribery. 

  

	 	18.1	Neither Party nor any past or present director, officer, parent, subsidiary or affiliate, employee, representative or agent of such Party or any other person or entity acting on such Party’s behalf for whose acts
it is vicariously liable (any of the foregoing being a “Party Agent”) has directly or indirectly paid, promised or offered to pay, or authorized the payment of any money or anything of value in connection with this Agreement to:
(i) an officer, employee, agent or representative of any government, including any department, agency or instrumentality of any government or any government-owned or government controlled entity or any person or entity acting in an official
capacity on behalf thereof; (ii) a candidate for political office, any political party or any official of a political party; or (iii) any other person or entity while knowing or having reason to believe that some portion or all of the
payment or thing of value will be offered, given or promised, directly or indirectly, to any person or entity described in this Article 18; for the purpose of, in each case under clause (i), (ii) or (iii) above, corruptly influencing any
act or decision of such government official, political party, party official, or candidate in his or its official capacity, including a decision to do or omit to do any act in violation of the lawful duty of such person or entity, or inducing such
person or entity to use his or its influence with the government or instrumentality thereof to affect or influence any act or decision in violation of any applicable anti-bribery laws, including the United States Foreign Corrupt Practices Act
(“Anti-Bribery Laws”). 

  

	 	18.2	Neither a Party nor any Party Agent shall violate any applicable Anti-Bribery Laws in connection with this Agreement. Without limiting the foregoing, each Party shall not (and shall cause each Party Agent not to),
directly or indirectly, pay, promise or offer to pay, or authorize the payment of any money or anything of value to (including a “grease,” “expediting” or facilitation payment): (i) an officer, employee, agent or
representative of any government, including any department, agency or instrumentality of any government or any government-owned or government-controlled entity or any person or entity acting in an official capacity on behalf thereof; (ii) a
candidate for political office, any political party or any official of a political party; or (iii) any other person or entity while knowing or having reason to believe that some portion or all of the payment or thing of value will be offered,
given or promised, directly or indirectly, to any person or entity described above; for the purpose of, in each case under clause (i), (ii) or (iii), corruptly influencing any act or decision of such government official, political party, party
official, or candidate in his or its official capacity, including a decision to do or omit to do any act in violation of the lawful duty of such person or entity, or corruptly inducing such person or entity to use his or its influence with the
government or instrumentality thereof to affect or influence any act or decision, for the benefit of NEER, any Purchaser, Supplier or any Party Agent in connection with this Agreement. 

  
 18 

	 	18.3	Either Party shall notify the other Party immediately if it learns at any time during the term of this Agreement that a government official acquires an ownership, voting, or economic interest in such Party or a
legal or beneficial interest in a Party’s payments under this Agreement. 

  

	 	18.4	If either Supplier or Purchaser has knowledge of a violation of any anti-corruption laws in connection with the performance of this Agreement or the existence of any facts or circumstances surrounding any activities in
connection with the representation of either Party that either Party knows constitutes a violation of any anti-corruption Laws, such Party shall immediately notify the other of such knowledge. 

 

	 	(a)	Such notice shall be provided not later than five (5) days after either Party acquires such knowledge. 

  

	 	(b)	Each of Purchaser and Supplier shall fully cooperate with the other or its designee in any inquiry into any violation of any anti-corruption Laws relating to activities conducted in connection with this Agreement.

  

	 	18.5	In addition, neither a Party nor any Party Agent shall make a payment to anyone for any reason on behalf or for the benefit of the other Party which is not properly and accurately recorded in the Party’s books and
records, including the amount, purpose and recipient, all of which shall be maintained with supporting documentation. For three (3) years after such Party or Party Agent’s receipt of the last payment made under this Agreement or any
Project Supply Agreement, the other Party shall have the right to have an independent Third Party audit of the Party, and subject to confidentiality restrictions of such agent or subcontractor, any Party Agent’s and subcontractor’s books
and records to the extent permitted under the applicable agreement such Party and Party Agent or subcontractor, in each case with respect solely to payments made to anyone for any reason on behalf of or for the benefit of the other Party or any
other Purchaser in violation of this Article 18. 

  
 19 

	19.	Letter of Credit. 

  

	 	19.1	Supplier shall have sixty (60) days following the Effective Date to provide notice that it is prepared to deliver the Letter of Credit to NEER and shall use best efforts to do so, provided that Supplier shall have
no obligation to release such Letter of Credit to NEER in the event NEER does not release funds to pay the Upfront Payment to Supplier upon such delivery in accordance with Section 2.2(a). Supplier shall deliver the Letter of Credit to
NEER concurrently with NEER’s delivery of the Upfront Payment to Supplier. Notwithstanding the foregoing, if within such sixty (60) day period, the Letter of Credit Provider certifies that circumstances beyond its control are
preventing it from issuing letters of credit generally, then the Parties shall negotiate in good faith for Supplier to provide an alternative means of credit support. If within five (5) Business Days of the receipt of the notice referenced in
the previous sentence, the Parties have not agreed to an alternative means of credit support, then this Agreement shall immediately terminate and neither Party shall have any liability to the other for any cost or damages including the Termination
Payment. Provided, however, that if the Parties agree to an alternative means of credit support, and that alternative means of credit support is anything other than a letter of credit, and at any point in during the Term of this Agreement, the
Letter of Credit Provider is no longer prevented from issuing letters of credit, then Supplier shall use best efforts to replace the alternative means of credit support with a letter of credit from the Letter of Credit Provider, in the form of
Schedule 5. 

  

	 	19.2	[INTENTIONALLY OMITTED]. 

  

	 	19.3	Upon (i) termination of a Project Supply Agreement in accordance therewith or (ii) an Insolvency Event of Supplier during which a Supplier Event of Default under Section 33.1(a) of a Project Supply
Agreement has occurred and is continuing (such events, the “Additional Draw Event”), and in each case the passage of five (5) Business Days after the date of such event, NEER shall be entitled to draw down from the Letter of
Credit an amount equal to: 

  

	 	(a)	the portion of the Upfront Payment eligible for the Letter of Credit as set forth on Schedule 8 attributable to the undelivered WDC Scheduled Volumes under the terminated Project Supply Agreement (or in the case
of an Additional Draw Event, the Project Supply Agreement(s) with the Event of Default under Section 33.1(a) thereof), and in either the same or a subsequent draw; and 

 

	 	(b)	Cover Costs for the undelivered WDC Scheduled Volumes under the terminated Project Supply Agreement (or in the case of an Additional Draw Event, the Project Supply Agreement(s) with the Event of Default under
Section 33.1(a) thereof), up to the amount calculated in accordance with Section 17.3. 

 In the case of an
Additional Draw Event, Supplier shall be relieved of its obligation to supply and deliver the undelivered WDC Scheduled Volumes under the Project Supply Agreement(s) with the Event of Default under Section 33.1(a) thereof. 

 

	 	19.4	The Letter of Credit shall not be subject to replenishment following any draw thereon. The face amount of the Letter of Credit shall step down from time to time in accordance with the terms set forth on Schedule
9. 

  
 20 

	 	19.5	Upon presentment to NEER of a step-down certificate for the Letter of Credit after the occurrence of any of the events set forth in Schedule 9, NEER shall promptly execute such step-down certificate for such
occurrence and return it to Supplier. NEER shall deliver an executed step-down certificate for any Scheduled Volumes terminated by NEER by means of an Optional Cancellation or a termination for convenience under Section 7 of this Agreement or
Section 35 of a Project Supply Agreement with any notice of such termination provided to Supplier. 

  

	 	19.6	In the event NEER fails to execute such step-down certificate for the Letter of Credit within five (5) Business Days following receipt, Supplier may, in addition to any other remedies it may have under this
Agreement, provide the Auditor with true-and-correct copies of the Required Deliverables (as defined in the Project Supply Agreement) and such other documents or records that are reasonably and customary maintained to evidence shipping and deliver
of the PV Modules evidencing delivery of all PV Modules that have not otherwise been acknowledged by NEER (the “Unacknowledged PV Modules”), certified by Supplier to be a true-and-correct copy of such Required Deliverables (such
Required Delivered provided to Auditor, the “Delivery Documents”). The Auditor will review the Delivery Documents for the Unacknowledged PV Modules and provide in writing its determination regarding the amount of Unacknowledged PV
Modules Delivered to NEER or a Purchaser within five (5) Business Days of receipt of such evidence. Upon the Auditor’s determination based solely on their review of the Delivery Documents and any receipts provided by the Purchaser to both
the Auditor and Supplier and certified by Purchaser to be a true-and-correct copy of such receipts, with no independent inquiry that the Unacknowledged PV Modules were delivered to NEER or its affiliate, the Auditor shall provide Supplier, NEER and
the Letter of Credit Provider such determination in writing which may be used by Supplier to satisfy its requirements with respect to Annex 4 of the Letter of Credit allowing for a reduction to the Letter of Credit in the applicable amount. The
Auditor’s determination shall not be deemed to be determinative as between the Parties for any other purpose other than to allow for a reduction to the Letter of Credit. The Auditor’s written determination shall include the following
statement: 

 “We hereby certify to The Export-Import Bank of Korea and to NextEra Energy Resources, LLC, a Delaware
limited liability company, that we have reviewed the documents and electronic records categorized below (the “Delivery Documents”) which have been presented to us as true and correct copies or originals: 

 

	 	1.	Bills of lading for the PV Modules; and 

  

	 	2.	Such other documents or records that are reasonably and customarily maintained to evidence the shipping of PV Modules from the specified ports of shipping for delivery to specified delivery points. 

  
 21 

 Based solely on a review of the Delivery Documents and without independent inquiry, the Delivery
Documents evidence delivery of        MW of PV Modules to the locations specified on the Delivery Documents.” 

Upon making such certification, Auditor will execute Annex 4 to the Letter of Credit reflecting Auditor’s determination. 

The Parties shall use commercially reasonable efforts to engage an Auditor for the purposes set forth in this Section 19.6. In the event
that the Parties are not able to engage an Auditor who is willing to make such a certification under any circumstances, the Parties in good faith shall negotiate changes to the Auditor certification which reflect market practice for Auditors in such
type of engagement. In the event the Auditor provides the requested certification for Unacknowledged PV Modules, NEER shall pay the fees of the Auditor for such review and certification. In the event the Auditor determines it cannot provide the
requested certification, Supplier shall pay the fees of the Auditor for such review and certification. 
  

	20.	Corporate Guarantees. Subject to the terms of this Agreement and the approval of the Bank of Korea for the execution and delivery of the Supplier Parent Guaranty, Supplier shall provide to Purchaser a guarantee
in the form of Schedule 6 attached hereto, incorporated and made a part hereof by this reference, duly executed by Guarantor for the benefit of NEER (the “Supplier Parent Guaranty”) pursuant to which Supplier Parent Company
has guaranteed payment of, the Termination Payment, Cover Costs under this Agreement and the Project Supply Agreements, and Schedule Liquidated Damages, Performance Liquidated Damages, and indemnification claims under the Project Supply Agreements.
Delivery of an electronic copy of the Supplier Parent Guaranty executed by the Guarantor shall constitute delivery of the Supplier Parent Guaranty hereunder, and thereafter Supplier shall deliver the original, executed Supplier Parent Guaranty to
NEER. Supplier shall use commercially reasonable efforts to obtain the approval of the Bank of Korea of the Supplier Parent Guaranty within thirty (30) days after the Effective Date, and if Supplier has not delivered the Supplier Parent
Guaranty for any reason within thirty (30) days after the Effective Date, either Party may terminate this Agreement upon written notice to the other Party. Upon such termination, both Parties shall be released from all obligations and
liabilities hereunder. The limit on the amount guaranteed by the Supplier Parent Guaranty shall be reduced in accordance with the terms set forth in Schedule 9. 

 

	21.	Third Party Beneficiary. The Parties agree that FPL shall be and is an intended third-party beneficiary of this Agreement, solely with respect to the FPL Projects. No other Person that is not a Party shall have
any rights or interest, direct or indirect, in this Agreement and this Agreement is intended solely for the benefit of the Parties. The Parties expressly disclaim any intent to create any rights in any third party as a third-party beneficiary to
this Agreement. 

  

	22.	Counterparts. This Contract may be signed in counterparts and delivered by email or otherwise permitted by Applicable Laws, each such counterpart (whether delivered by email or otherwise), when executed, shall be
deemed an original and all of which together constitute one and the same agreement. 

  
 22 

	23.	Defined Terms. As used in this Agreement, including the appendices, exhibits and other attachments hereto, or any Project Supply Agreement, each of the following terms shall have the meaning assigned to
such term as set forth below: 

 “Additional Draw Event” has the meaning set forth in Section 19.3. 

“Affiliate” means, in relation to any Person, any other Person which directly or indirectly controls, or is controlled by, or
is under common control with, such Person. For purposes of this definition, the word “controls” means possession, directly or indirectly of the power to direct or cause the direction of the management or policies of a Person, whether
through the ownership of voting securities, by contract or otherwise. 
 “Agreement” has the meaning set forth in the
Preamble, and all exhibits, schedules, and annexes hereto, as same may be amended, supplemented or modified from time to time in accordance with the terms hereof. 

“Anti-Bribery Laws” has the meaning set forth in Section 18.1. 

“Applicable Laws” means all applicable laws, treaties, ordinances, judgments, decrees, injunctions, writs, orders, rules,
regulations and interpretations of any Government Authority, to the extent having jurisdiction over Supplier, NEER, or the subject matter of this Agreement. 

“Auditor” means the independent accounting firm engaged by the Parties with respect to Section 19.6 hereof and shall be
one of the following; Deloitte LLP, PricewaterhouseCoopers, Ernst & Young or KPMG. 
 “Business Day” means any day
other than a Saturday or Sunday or days on which the banking institutions in the State of New York are obligated or authorized by law to close. 

“Cancellation Payment” has the meaning set forth in Section 6.6(a). 

“Confidential Information” has the meaning set forth in Section 5.1. 

“Cover Costs” means, following the termination of this Agreement or any Project Supply Agreement, if Purchaser acquires
modules from a Third Party as replacement for PV Modules that had not been Delivered (as defined in the Project Supply Agreement), the additional incremental module and transportation costs (when compared to the PV Module Price and Delivery Charges
(as defined in the Project Supply Agreement) Purchaser would have incurred under any Project Supply Agreement) actually incurred by Purchaser to acquire such replacement modules and have such replacement modules delivered to the Delivery Point (as
defined in the Project Supply Agreement). 
 “Delivery” means delivery of the PV Modules by Supplier to the delivery point
as defined in the applicable Project Supply Agreement. 

  
 23 

 “Delivery Documents” has the meaning set forth in Section 19.6. 

“Dispute” has the meaning set forth in Section 12.1. 

“Effective Date” has the meaning set forth in the Preamble. 

“Financing Parties” means a lender, security holder, investor, export credit agency, multilateral institution, equity provider
and other Person providing financing or refinancing to or on behalf of NEER for the development, construction, ownership, operation and/or maintenance of the Project or any portion thereof, or any trustee or agent acting on behalf of any of the
foregoing; provided, however, such Person shall be a Third Party. 
 “FPL” means Florida Power &
Light Company, a Florida corporation. 
 “FPL Project Agreements” means the Project Supply Agreements delivered or deemed
delivered with respect to the FPL Projects. 
 “FPL Projects” means the projects on Schedule 4 named Citrus, Babcock
and Manatee. 
 “Government Authority” means any and all foreign, national, federal, state, county, city, municipal, local
or regional authorities, departments, bodies, commissions, corporations, branches, directorates, agencies, ministries, courts, tribunals, judicial authorities, legislative bodies, administrative bodies, regulatory bodies, autonomous or
quasi-autonomous entities or taxing authorities or any department, municipality or other political subdivision thereof to the extent having jurisdiction over Supplier, NEER, Purchaser, a Project or any portion thereof, the Project Site, the PV
Modules or this Agreement. 
 “Guarantor” means Hanwha Chemical Corporation, a corporation formed under the laws of Korea,
or any successor entity. 
 “ICC” has the meaning set forth in Section 12.2(a). 

“Insolvency Event” means, with respect to a Party, that (A) that Party consents to the appointment of or taking
possession by, a receiver, a trustee, custodian, or liquidator of itself or of a substantial part of its assets, or fails or admits in writing its inability to pay its debts generally as they become due, or makes a general assignment for the benefit
of creditors; (B) that Party files a voluntary petition in bankruptcy or a voluntary petition or an answer seeking reorganization in a proceeding under any applicable bankruptcy or insolvency laws or an answer admitting the material allegations
of a petition filed against it in any such proceeding, or seeks relief by voluntary petition, answer or consent, under the provisions of any now existing or future bankruptcy, insolvency or other similar law providing for the liquidation,
reorganization, or winding up of companies, or providing for an agreement, composition, extension, or adjustment with its creditors; (C) a substantial part of that Party’s assets is subject to the appointment of a receiver, trustee,
liquidator, or custodian by court order and such order shall remain in effect for more than sixty (60) days; or (D) that Party is adjudged bankrupt or insolvent, has any property sequestered by court order and such order shall remain in
effect for more than sixty (60) days, or has filed against it a petition or claim under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter
in effect, and such petition shall not be dismissed within sixty (60) days of such filing. 

  
 24 

 “Letter of Credit” means an irrevocable standby letter of credit, with an
initial stated amount equal to $[...***...], issued by the Letter of Credit Provider to NEER, substantially in the form of Schedule 5 hereto. 

“Letter of Credit Provider” means the Export-Import Bank of Korea. 

“Limited Warranty Agreement” means the limited warranty for the PV Modules to be provided by Hanwha Q CELLS Corp. 

“Maximum Liability Amount” has the meaning set forth in Section 17.2. 

“Modules” has the meaning set forth in Section 3. 

“NEER” has the meaning set forth in the Preamble. 

“NEER Event of Default” has the meaning set forth in Section 6.4. 

“Optional Cancellation” has the meaning set forth in Section 1.2(d). 

“Parties” has the meaning set forth in the Preamble. 

“Party” has the meaning set forth in the Preamble. 

“Party Agent” has the meaning set forth in Section 18.1. 

“Person” means an individual, partnership, corporation, limited liability company, company, business trust, joint stock
company, trust, unincorporated association, joint venture, Government Authority or other entity of whatever nature. 

“Project” has the meaning set forth in the Recitals. 

“Project Company” has the meaning set forth in the Recitals. 

“Project Site” means the physical location upon which a Project is or shall be built. 

“Project Supply Agreements” has the meaning set forth in Section 1.2(a). 

“Proprietary Information” means all specifications, designs, drawings, process technology, data, technical information and
other proprietary information. 
 “Purchase Price” means [(Total WDC Scheduled Volumes x Scheduled Price)]. 

* Confidential Treatment Requested 

  
 25 

 “Purchaser” has the meaning set forth in Section 1.2(a). 

“PV Modules” has the meaning set forth in Section 1.1. 

“Reduction Amount” has the meaning set forth in Section 17.2. 

“Rules” has the meaning set forth in Section 12.2(a). 

“Scheduled Prices” has the meaning set forth in Section 1.2(a). 

“Scheduled Volumes” has the meaning set forth in Section 1.2(a). 

“Supplier” shall have the meaning set forth in the Preamble to this Agreement. 

“Supplier Event of Default” has the meaning set forth in Section 6.3. 

“Supplier Parent Guaranty” has the meaning set forth in Section 20. 

“Tax” or “Taxes” means all taxes of any kind, including any federal, state, local or foreign income,
estimated, net investment, sales, use, ad valorem, receipts, value added, goods and services, profits, license, withholding, payroll, employment, unemployment, disability, welfare, workers’ compensation, excise, premium, property, net worth,
escheat, unclaimed property, capital gains, transfer, stamp, documentary stamp, recording, mortgage recording, social security, environmental, utility, production, severance, inventory, recapture, alternative or add-on minimum, or occupation, tax
and any other assessment, fee, levy, duty, custom, tariff, impost, universal service charge, obligation or governmental charge, together with all interest, penalties and additions imposed with respect to such amounts. 

“Term” has the meaning set forth in Section 6.1(a). 

“Third Party” means a Person that is not a Party or an Affiliate, successor or assign of a Party. 

“Unacknowledged PV Modules” has the meaning set forth in Section 19.6. 

“Upfront Payment” has the meaning set forth in Section 2.2(a). 

“Warranty” means Supplier’s standard warranty as further described in the Project Supply Agreement. 

“WDC” means watts of direct current. 

[Remainder of Page Intentionally Blank] 

  
 26 

 IN WITNESS WHEREOF, the Parties hereto have signed this Agreement as of the date and year
first above written. 
 Supplier: 
 HANWHA SOLARONE U.S.A.
INC. 
  

			
	By:		 /s/ Koo Yung Lee

	Name:		Koo Yung Lee
	Title:		Authorized Signatory

 NEER: 
 NEXTERA ENERGY
RESOURCES, LLC 
  

			
	By:		 /s/ Tom Broad

	Name:		Tom Broad
	Title:		Vice President Engineering and Construction

 [Signature Page to Photovoltaic Module Master Supply Agreement] 

 Schedule 1 

Basic Terms of Sale – PV Modules 
  

	1)	PV Module Price for a Total of 1539.75 MW PV Modules: 

 Supplier shall sell to Purchaser PV Modules, as
further detailed in the data sheets attached hereto as Exhibit A, meeting the following minimum power ratings and at the prices set forth below and the volumes set forth in Schedule 4. The prices set forth below do not include Delivery
Charges. 
 Table 1-A – Pricing Table for NEER Projects 

 

							
	 Year
	 	 Product
	 	 Power

Class (Wp)
	 	 Price

(US$/W)

	2015	 	Q.PRO L G4	 	315	 	[...***...]
	2016	 	Q.PLUS L G4	 	325	 	[...***...]

 Table 1-B – Pricing Table for FPL Projects 

 

							
	 Year
	 	 Product
	 	 Power

Class (Wp)
	 	 Price

(US$/W)

	2016	 	Q.PLUS L G4	 	325	 	[...***...]

 At any time during the term of this Agreement, Supplier may notify Purchaser that Supplier can make available PV Modules of
the same model type, but with a higher or lower Wdc rating. Such notice shall indicate the Wdc rating of the proposed PV Module and the date on which deliveries of such PV Modules would begin. Upon receipt of the notice described above and provided
that such higher or lower Wdc PV Modules shall not have an adverse effect on PV Module or Project performance, reliability or efficiency, Purchaser shall evaluate the impact of the proposed new higher or lower Wdc PV Modules on the engineering,
timing and economics of the Project to which such PV Modules would be delivered. If following such evaluation Purchaser, in its sole and exclusive discretion, determines that it is able to incorporate such PV Modules into its Projects, Purchaser
shall notify Supplier and the Parties shall negotiate in good faith a Change Order setting forth the revised pricing and delivery schedule for the PV Modules. 
  

	2)	PV Module Price: 

 The aggregate Purchase Price of the PV Modules for each Project will be calculated
based on (total Wdc Volume Delivered) x (Price/Wp) provided above for each Project. The aggregate Purchase Price for the PV Modules under this Agreement is $[...***...]. 

*      Confidential Treatment Requested 

	3)	Upfront Payment: 

 The total Upfront Payment for the Projects to be entered into is $[...***...].
The Upfront Payment shall be credited pro rata against the PV Module Price for all NEER Projects. The portion of the Upfront Payment eligible for a draw upon the Letter of Credit is set forth on Schedule 8 to this Agreement. 

 

	4)	Delivery Charges: 

 Delivery Charges are an amount equal to the actual cost and expenses incurred by
Supplier and its subcontractors to Deliver the PV Modules. Supplier shall not add any markup to such costs and expenses or costs to expedite shipment without approval of Purchaser. If Supplier elects to use air freight or any premium logistics to
transport any PV Modules, the transportation costs charged to Purchaser for such PV Modules shall be an amount that Supplier and its subcontractors would have paid if such PV Modules had been transported using customary oversea and overland
logistics. 
  

	5)	Invoices: 

 Upon delivery of PV Modules to the carrier at the port of export for a Project Supply
Agreement where NEER or a NEER Subsidiary is the counterparty, Supplier shall invoice Purchaser under the applicable Project Supply Agreement for (i) [...***...]% of the Purchase Price for such PV Modules, which invoice shall be deemed
paid in full upon issuance by applying the Upfront Payment as a credit to such invoice, and (ii) [...***...]% of the Purchase Price for such PV Modules, which invoice shall be deemed paid upon issuance to the extent of any previously
unapplied portion of the Upfront Payment by applying such unapplied portion pro rata against the PV Module Price for the PV Modules to be shipped as a credit to such invoice. Upon delivery of PV Modules to the carrier at the port of export
for a Project Supply Agreement where FPL is the counterparty, Supplier shall invoice Purchaser under the applicable Project Supply Agreement for [...***...]% of the Purchase Price for such PV Modules. Upon Delivery of the PV Modules, Supplier
shall invoice Purchaser under the applicable Project Supply Agreement for the remaining [...***...]% of the Purchase Price for such PV Modules. On or prior to the tenth (10th) day of each calendar month, Supplier shall invoice Purchaser
for delivery charges incurred during the prior calendar month. 
 *      Confidential Treatment Requested

 Exhibit A 

Specifications of PV Modules 

[See attached] 

 

 
 Q.PRO L-G4 310-320 
POLYcrYstaLLine sOLar mOduLe

The polycrystalline solar module Q.PRO L-G4 with power classes up to 320 W is the strongest module of its type on the market globally. Powered by 72 Q CELLS solar
cells and with a size of 1.9 m2 Q.PRO L-G4 was specially designed for large solar power plants to reduce BOS costs. But there is even more to our polycrystalline modules. Only Q CELLS offers German engineering quality with our unique triple
Yield Security. 
LOW ELECTRICITY GEnERaTIOn COSTS 
Higher yield per surface
area and lower BOS costs thanks to higher power classes and an efficiency rate of up to 16.3 %. 
InnOvaTIvE aLL-WEaThER TEChnOLOGY 
Optimal yields, whatever the weather with excellent low-light and temperature behavior.

EnduRInG hIGh PERfORmanCE 
Long-term yield security with Anti-PID Technology1,
Hot-Spot-Protect and Traceable Quality Tra.QTM. 
LIGhT-WEIGhT QuaLITY fRamE

High-tech aluminum alloy frame, certified for high snow (5400 Pa) and wind loads (2400 Pa). 
a RELIaBLE InvESTmEnT 
Inclusive 12-year product warranty and 25-year linear performance
guarantee2. 
PReLiminaRy 
YIELD SECURITY 
ANTI PID TECHNOLOGY (APT) 
HOT-SPOT PROTECT (HSP) 
TRACEABLE QUALITY (TRA.QTM) 
MOD:27898 photon.info/laboratory 
Best polycrystalline solar module 2013 
Q.PRO-G2 235 
151 modules tested 
1 APT test conditions: Cells at -1000 V against grounded, with conductive
me-ThE IdEaL SOLuTIOn fOR: tal foil covered module surface, 25 °C, 168 h 
2 See data sheet on rear for further 
Ground-mounted information. solar power plants 

 

 
 MECHANICAL SPECIFICATION 
format 78.5 in ×
39.4 in × 1.38 in (including frame) 
(1994 mm × 1000 mm × 35 mm) 78.5’’ (1994 mm) 
51.5’’ (1308 mm) 
Weight 52.9 lb (24 kg) 
4 × Grounding holes, Ø 0.18’’ (4.5 mm) 4 × Drainage holes 0.47 × 0.47” (11.9 × 11.9 mm) 
front cover 0.12in (3.2 mm)?thermally?pre-stressed?glass?with?anti-reflection?technology Frame

37.4’’ 
Back cover Composite?film (949 mm) 
? 47.24’’ (? 1200 mm) 
frame Anodised?aluminum Cable with 39.4’’

connectors (1000 mm) 
cell 6?×?12?solar?cells Junction bo×

Junction box 3.35-4.13 in × 2.36-3.15 in × 0.59-0.67 in (85-105 mm x 60-80 mm x Product label 
15-17?mm),?Protection?class???IP67,?with?bypass?diodes 4 × Mounting slots (DETAIL A) 8 × Drainage holes 0.12 × 0.23” (3 × 6 mm) 
cable 4?mm2?Solar?cable;?(+)?? 47.24 in (1200 mm), (-) ? 47.24 in (1200 mm) 0.63” (16 mm) 
1.38” (35 mm) DETAIL A 
0.33” (8.5 mm) 
connector Amphenol?H4,?IP68 1.0” (25.5 mm) 
ELECTRICAL CHARACTERISTICS 
POWER CLASS 310 315 320 MInIMuM PERfORMAnCE AT STAndARd TEST COndITIOnS, STC1 (POWER TOLERAnCE +5 W /- 0 W) Power at MPP2 PMPP [W] 310 315 320 Short Circuit Current* I [A] 8.99
9.06 9.13 
SC 
Open Circuit Voltage* V [V] 45.29 45.53 45.76 
OC 
Current at MPP* I [A] 8.39 8.46 8.53 Minimum MPP 
Voltage at MPP* V [V] 36.96 37.24 37.53 
MPP 
Efficiency2 ? [%] ? 15.5 ? 15.8 ? 16.0 MInIMuM PERfORMAnCE AT nORMAL OPERATIng COndITIOnS, nOC3 Power at MPP2 PMPP [W] 228.9 232.6 236.3 Short Circuit Current* I [A] 7.25 7.31 7.36

SC 
Open Circuit Voltage* V [V] 42.16 42.38 42.60 Minimum OC 
Current at MPP* I [A] 6.56 6.62 6.67 
MPP 
Voltage at MPP* V [V] 34.88 35.14 35.41 
MPP 
11000 W/m2, 25°C, spectrum AM 1.5 G 2 Measurement tolerances STC ± 3%; NOC ± 5% 3 800 W/m2, NOCT, spectrum AM 1.5 G * typical values, actual values may
differ 
Q CELLS PERFORMANCE WARRANTY PERFORMANCE AT LOW IRRADIANCE 
100 Q CELLS
105 
TIVE[%] * At least 97 % of nominal power during[%] 
97 Industry
standard for linear warranties 
Industry standard for tiered warranties* first year. Thereafter max. 0.6 % degra- 100 
RELA 95 
POWER dation per year. 95 
At least 92 % of nominal power after efficiency 
EFFICIENCY NOMINAL 90 10 years. 90

TO At least 83 % of nominal power after 
85 25 years. relative 85

80 
80 All data within measurement tolerances. 100 200 300 400 500 600 700 800
900 1000 Full warranties in accordance with the 
75 warranty terms of the Q CELLS sales irradiance [W/m2] NA 
0 5 10 15 20 25 organisation of your respective country. _ *Evaluation of the 10 PV companies with the largest production YEARS The typical change in module efficiency at an
irradiance of 200 W/m2 in relation capacity in 2014 (Status: September 2014) to 1000 W/m2 (both at 25 °C and AM 1.5 G spectrum) is -2 % (relative). Rev03 03 _ 
TEMPERATURE COEFFICIENTS 2015 -Temperature Coefficient of I ? [% / K] + 0.04 Temperature Coefficient of V ? [% / K]—0.30 _ 
SC OC 320 
Temperature Coefficient of P ? [% / K]—0.41 Normal Operating Cell Temperature
NOCT [°F] 113 ± 5.4 (45 ± 3 °C) - 
MPP 310 G4 _ L -

PROPERTIES FOR SYSTEM DESIGNPRO 
Maximum System Voltage V [V] 1500 (IEC) /
1000 (UL) Safety Class II 
SYS Q. 
Maximum Series Fuse Rating [A DC] 15 Fire
Rating C / Type 1 GmbH Max Load (UL)2 [lbs/ft2] 75 (3600 Pa) Permitted module temperature -40 °F up to +185 °F ceLLs on continuous duty (-40 °C up to +85 °C) Q Load Rating (UL)2 [lbs/ft2] 33 (1600 Pa) 2 see installation manual Hanwha
© 
QUALIFICATIONS AND CERTIFICATES pACkAgINg INFORmATIONchanges 
IEC 61215
(Ed. 2); IEC 61730 (Ed. 1), Application class A Number of modules per pallet 29 This data sheet complies with DIN EN 50380. 
Number of pallets per 40’
Container 22 technical pallet Dimensions ( L × W × H ) 80.6 in × 44.5 in × 47.6 into 
(2047 × 1130 × 1208 mm) 
Certified subject UL 1703 
(254141) pallet Weight 1629 lb (739 kg) 
NOTE: Installation instructions must be followed. See the installation and operating manual or contact our technical service department for further information on approved
installation and use Specifications of this product. 
Hanwha solarOne u.s.a. inc. 
300 Spectrum Center Drive, Suite 1250, Irvine, CA 92618 | teL +1 949 748 59 96 | emaiL us.sales@hanwha-solarone.com 

 

 
 Q.PLUS L-G4 320-340 PreLiminary 
POLYcrYstaLLine
sOLar mOduLe 
The polycrystalline solar module Q.PLUS L-G4 with power classes up to 340 W is the strongest module of its type on the market globally. Powered by 72
Q CELLS solar cells and with a size of 1.9 m2 Q.PLUS L-G4 was specially designed for large solar power plants to reduce BOS costs. But there is even more to our polycrystalline modules. Only Q CELLS offers German engineering quality with our
unique triple Yield Security. 
LOW ELECTrICITY GEnEraTIOn COSTS 
Higher yield
per surface area and lower BOS costs thanks to higher power classes and an efficiency rate of up to 17.4 %. 
InnOvaTIvE aLL-WEaThEr TEChnOLOGY 
Optimal yields, whatever the weather with excellent low-light and temperature behavior.

EndUrInG hIGh PErfOrmanCE 
Long-term yield security with Anti-PID Technology1,
Hot-Spot-Protect and Traceable Quality Tra.QTM. 
YIELD SECURITY

LIGhT-WEIGhT QUaLITY framE 
ANTI PID TECHNOLOGY 
High-tech aluminum alloy frame, certi?ed for (APT) high snow (5400 Pa) and wind loads (2400 Pa). HOT-SPOT PROTECT 
(HSP) 
TRACEABLE QUALITY (TRA.QTM) 
a rELIaBLE InvESTmEnT 
Inclusive 12-year product warranty and 25-year linear 
performance guarantee2. MOD:27898 photon.info/laboratory 
Best polycrystalline solar module
2013 
Q.PRO-G2 235 
151 modules tested 
1 APT test conditions: Cells at -1000 V against grounded, with conductive me-ThE IdEaL SOLUTIOn fOr: tal foil covered module surface, 25 °C, 168 h 
2 See data sheet on rear for further 
Ground-mounted information. solar power plants

 

 
 MECHANICAL SPECIFICATION 
format 78.5 in ×
39.4 in × 1.38 in (including frame) 
(1994 mm × 1000 mm × 35 mm) 78.5’’ (1994 mm) 
51.5’’ (1308 mm) 
Weight 52.9 lb (24 kg) 
4 × Grounding holes, Ø 0.18’’ (4.5 mm) 4 × Drainage holes 0.47 × 0.47” (11.9 × 11.9 mm) 
front cover 0.12?in?(3.2?mm)?thermally?pre-stressed?glass?with?anti-reflection?technology Frame

37.4’’ 
Back cover Composite?film (949 mm) 
? 47.24’’ (? 1200 mm) 
frame Anodised?aluminum Cable with 39.4’’

connectors (1000 mm) 
cell 6?×?12?solar?cells Junction bo×

Junction box 3.35-4.13 in × 2.36-3.15 in × 0.59-0.67 in (85-105 mm x 60-80 mm x Product label 
15-17?mm),?Protection?class???IP67,?with?bypass?diodes 4 × Mounting slots (DETAIL A) 8 × Drainage holes 0.12 × 0.23” (3 × 6 mm) 
cable 4?mm2?Solar?cable;?(+)?? 47.24 in (1200 mm), (-) ? 47.24 in (1200 mm) 0.63” (16 mm) 
1.38” (35 mm) DETAIL A 
0.33” (8.5 mm) 
connector Amphenol?H4,?IP68 1.0” (25.5 mm) 
ELECTRICAL CHARACTERISTICS 
POWER CLASS 320 325 330 335 340 MInIMuM PERfORMAnCE AT STAndARd TEST COndITIOnS, STC1 (POWER TOLERAnCE +5 W /- 0 W) Power at MPP2 PMPP [W] 320 325 330 335 340 Short Circuit
Current* I [A] 9.39 9.44 9.49 9.54 9.59 
SC 
Open Circuit Voltage* V [V] 46.17
46.43 46.68 46.94 47.20 
OC 
Current at MPP* I [A] 8.79 8.85 8.91 8.97 9.03

Minimum MPP 
Voltage at MPP* V [V] 36.39 36.70 37.02 37.33 37.63 
MPP 
Efficiency2 ? [%] ? 16.0 ? 16.3 ? 16.5 ? 16.8 ? 17.1 
MInIMuM PERfORMAnCE AT nORMAL OPERATIng COndITIOnS, nOC3 
Power at MPP2 PMPP [W] 237.2 241.0
244.7 248.4 252.1 
Short Circuit Current* I [A] 7.57 7.61 7.65 7.69 7.73 
SC

Open Circuit Voltage* V [V] 43.08 43.32 43.56 43.81 44.05 Minimum OC 
Current
at MPP* I [A] 6.89 6.94 6.99 7.04 7.09 
MPP 
Voltage at MPP* V [V] 34.44 34.72
35.01 35.29 35.56 
MPP 
11000 W/m2, 25°C, spectrum AM 1.5 G 2
Measurement tolerances STC ± 3%; NOC ± 5% 3 800 W/m2, NOCT, spectrum AM 1.5 G * typical values, actual values may differ 
Q CELLS PERFORMANCE
WARRANTY PERFORMANCE AT LOW IRRADIANCE 
100 Q CELLS 105 
TIVE[%] * At least
97 % of nominal power during[%] 
97 Industry standard for linear warranties

Industry standard for tiered warranties* first year. Thereafter max. 0.6 % degra- 100 
RELA 95 
POWER dation per year. 95 
At least 92 % of nominal power after efficiency 
EFFICIENCY NOMINAL 90 10 years. 90

TO At least 83 % of nominal power after 
85 25 years. relative 85

80 
80 All data within measurement tolerances. 100 200 300 400 500 600 700 800
900 1000 Full warranties in accordance with the 
75 warranty terms of the Q CELLS sales irradiance [W/m2] _ NA 
0 5 10 15 20 25 organisation of your respective country. 
*Evaluation of the 10 PV companies
with the largest production YEARS The typical change in module efficiency at an irradiance of 200 W/m2 in relation Rev03 
capacity in 2014 (Status: September
2014) 
to 1000 W/m2 (both at 25 °C and AM 1.5 G spectrum) is -1.5 % (relative). _ 03 - 
TEMPERATURE COEFFICIENTS 2015 Temperature Coefficient of I [% / K] + 0.04 Temperature Coefficient of V [% / K]—0.29 _ 
SC ? OC ? 340 - 
Temperature Coefficient of PMPP ? [% / K]—0.40 Normal Operating Cell
Temperature NOCT [°F] 113 ± 5.4 (45 ± 3 °C) 320 G4 _ L - 
PROPERTIES FOR SYSTEM DESIGNPLUS 
Maximum System Voltage V [V] 1500 (IEC) / 1000 (UL) Safety Class II 
SYS Q. 
Maximum Series Fuse Rating [A DC] 15 Fire Rating C / Type 1 GmbH Max Load (UL)2 [lbs/ft2] 75 (3600 Pa) Permitted module temperature -40 °F up to +185 °F ceLLs on continuous
duty (-40 °C up to +85 °C) Q Load Rating (UL)2 [lbs/ft2] 33 (1600 Pa) 2 see installation manual Hanwha © 
QUALIFICATIONS AND CERTIFICATES pACkAgINg
INFORmATIONchanges 
IEC 61215 (Ed. 2); IEC 61730 (Ed. 1), Application class A Number of modules per pallet 29 This data sheet complies with DIN EN 50380.

Number of pallets per 40’ Container 22 technical pallet Dimensions ( L × W × H ) 80.6 in × 44.5 in × 47.6 into 
(2047 × 1130 × 1208 mm) 
Certified subject UL 1703 
(254141) pallet Weight 1629 lb (739 kg) 
NOTE: Installation instructions must be followed. See
the installation and operating manual or contact our technical service department for further information on approved installation and use Specifications of this product. 
Hanwha solarOne u.s.a. inc. 
300 Spectrum Center Drive, Suite 1250, Irvine, CA 92618 | teL +1
949 748 59 96 | emaiL us.sales@hanwha-solarone.com 

 Schedule 2 – NEER [...***...]  

FORM OF PROJECT SUPPLY AGREEMENT 

FOR 
 PHOTOVOLTAIC
MODULES 
 BETWEEN 

NEXTERA ENERGY RESOURCES, LLC 

AND 
 HANWHA SOLARONE
U.S.A. INC. 
 FOR THE 

[                ] PROJECT 

  

*      Confidential Treatment Requested 

 TABLE OF CONTENTS 

 

							
	 1.
		 DEFINITIONS
		 	1	  
			
	 2.
		 [INTENTIONALLY OMITTED]
		 	8	  
			
	 3.
		 INTERPRETATION
		 	8	  
			
	 4.
		 ORDER OF PREFERENCE, INTERPRETATION
		 	8	  
			
	 5.
		 SUPPLIER’S PERFORMANCE
		 	9	  
			
	 6.
		 TIME, ORDER OF COMPLETION, AND DELAYS
		 	9	  
			
	 7.
		 INSPECTION; CORRECTION OF DEFECTS; QUALITY PLAN
		 	10	  
			
	 8.
		 PACKAGING, SHIPPING, UNLOADING, AND STORAGE
		 	11	  
			
	 9.
		 LANGUAGE; PAYMENT CURRENCY; STANDARDS AND CODES
		 	13	  
			
	 10.
		 DRAWINGS AND SPECIFICATIONS
		 	13	  
			
	 11.
		 ACCOUNTING INFORMATION
		 	13	  
			
	 12.
		 INTELLECTUAL PROPERTY RIGHTS
		 	14	  
			
	 13.
		 LIENS
		 	17	  
			
	 14.
		 COMPLIANCE WITH APPLICABLE LAWS
		 	18	  
			
	 15.
		 TAXES
		 	18	  
			
	 16.
		 PARENT GUARANTEE
		 	19	  
			
	 17.
		 AGREEMENT TO PAY
		 	20	  
			
	 18.
		 PAYMENT; INVOICES; LIEN WAIVERS
		 	20	  
			
	 19.
		 NO WITHHOLDING
		 	21	  
			
	 20.
		 CHANGE ORDERS
		 	21	  
			
	 21.
		 SUPPLIER’S REPRESENTATIONS
		 	22	  
			
	 22.
		 PURCHASER’S REPRESENTATIONS
		 	23	  
			
	 23.
		 INDEMNITY
		 	24	  
			
	 24.
		 INSURANCE
		 	26	  

  
 i 

							
	 25.
		 WARRANTY
		 	28	  
			
	 26.
		 TITLE AND RISK OF LOSS
		 	29	  
			
	 27.
		 PROJECT POWER TESTING
		 	30	  
			
	 28.
		 DELIVERY
		 	32	  
			
	 29.
		 SCHEDULE LIQUIDATED DAMAGES
		 	32	  
			
	 30.
		 PAYMENT OF SCHEDULE LIQUIDATED DAMAGES
		 	33	  
			
	 31.
		 FORCE MAJEURE
		 	34	  
			
	 32.
		 SUSPENSION FOR CONVENIENCE
		 	35	  
			
	 33.
		 TERMINATION BY PURCHASER FOR CAUSE
		 	36	  
			
	 34.
		 TERMINATION OR SUSPENSION BY SUPPLIER FOR CAUSE
		 	39	  
			
	 35.
		 TERMINATION FOR CONVENIENCE
		 	40	  
			
	 36.
		 LETTER OF CREDIT
		 	42	  
			
	 37.
		 DISPUTES AND CLAIMS
		 	42	  
			
	 38.
		 ASSIGNMENT; SECURITY INTERESTS
		 	43	  
			
	 39.
		 INDEPENDENT CONTRACTOR
		 	44	  
			
	 40.
		 FINANCING PARTIES’ REQUIREMENTS
		 	44	  
			
	 41.
		 CONFIDENTIALITY AND OWNERSHIP
		 	44	  
			
	 42.
		 GOVERNING LAW
		 	45	  
			
	 43.
		 SEVERABILITY OF PROVISIONS
		 	46	  
			
	 44.
		 SURVIVAL
		 	46	  
			
	 45.
		 NOTICE
		 	46	  
			
	 46.
		 FURTHER ASSURANCES
		 	48	  
			
	 47.
		 WAIVER OF CONSEQUENTIAL DAMAGES
		 	48	  
			
	 48.
		 [INTENTIONALLY OMITTED]
		 	48	  
			
	 49.
		 EXPENSES
		 	48	  

  
 ii 

							
	 50.
		 NO THIRD PARTY BENEFICIARY
		 	48	  
			
	 51.
		 [INTENTIONALLY OMITTED]
		 	48	  
			
	 52.
		 COUNTERPARTS
		 	48	  
			
	 53.
		 LIMITATIONS OF LIABILITY
		 	49	  
			
	 54.
		 COMPLETE AGREEMENT AND NONWAIVER
		 	49	  

  
 iii 

 APPENDICES 
  

			
	 Appendix A
		 SCOPE OF SUPPLY AND SPECIFICATION

		
	 Appendix B
		 COMPENSATION

		
	 Appendix C
		 DELIVERY SCHEDULE

		
	 Appendix D
		 [INTENTIONALLY OMITTED]

		
	 Appendix E
		 LIEN WAIVER FORMS

		
	 Appendix FA
		 SUPPLIER QA PROCESS

		
	 Appendix FB
		 INSPECTION PROTOCOL

		
	 Appendix G
		 DELIVERY PROTOCOL

		
	 Appendix H
		 LIMITED WARRANTY

		
	 Appendix I
		 CHANGE ORDER FORM

		
	 Appendix J1
		 PROJECT POWER CAPACITY TEST AND DC DEGRADATION TEST

		
	 Appendix J2
		 ENERGY PRODUCTION TEST

		
	 Appendix J3
		 PAN FILES

		
	 Appendix K
		 INITIAL PERFORMANCE LIQUIDATED DAMAGES & FINAL PERFORMANCE LIQUIDATED DAMAGES

		
	 Appendix L
		 SHIPPING INSTRUCTIONS

		
	 Appendix M
		 INSTALLATION MANUAL

		
	 Appendix N
		 CODES AND STANDARDS

		
	 Appendix O
		 FORM OF REQUEST FOR PAYMENT

		
	 Appendix P
		 PROJECT; PROJECT SITE

  
 iv 

 THIS PROJECT SUPPLY AGREEMENT FOR PHOTOVOLTAIC EQUIPMENT is made and entered into as of
the          (the “Effective Date”), by and among NextEra Energy Resources, LLC, a Delaware limited liability company (“Purchaser”) and Hanwha SolarOne U.S.A. Inc., a
California corporation (“Supplier”). 
 W I T N E S S E T H: 

WHEREAS, Supplier or its Affiliates manufacture, supply and deliver photovoltaic modules; 

WHEREAS, Supplier and Purchaser have entered into that certain PV Module Master Supply Agreement dated as of April 11, 2015 (the
“Master Supply Agreement”), pursuant to which this Contract is executed and delivered; 
 WHEREAS, Purchaser desires
to have Supplier and its Affiliates supply and deliver photovoltaic modules for Purchaser’s Project in accordance with the terms and conditions set forth in this Contract; and 

WHEREAS, Supplier desires to provide such photovoltaic modules for the Project in accordance with the terms and conditions set forth in
this Contract. 
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements of the Parties hereinafter
set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 
 1.
DEFINITIONS. When used herein with initial capitalization, whether in singular or in plural, the following terms have the following defined meanings: 
  

	 	1.1	Actual Capacity: This term has the meaning set forth in Appendix J1. 

  

	 	1.2	Affiliate: In relation to any Person, any other Person which directly or indirectly controls, or is controlled by, or is under common control with, such Person. For purposes of this definition, the word
“controls” means possession, directly or indirectly of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

 

	 	1.3	Applicable Laws: All laws, treaties, ordinances, judgments, decrees, injunctions, writs, orders, rules, regulations and interpretations of any Government Authority applicable in connection with the performance of this
Contract to Supplier, Purchaser, the Project or any portion thereof, the Project Site or the PV Modules. 

  

	 	1.4	Applicable Permits: Any and all permits, clearances, licenses, authorizations, consents, filings, exemptions or approvals from or by any Government Authority that are necessary for a Party to fulfill its obligations
under this Contract. 

  

	 	1.5	Baseline Modeled Energy Production: This term has the meaning set forth in Appendix J2. 

  
 1 

	 	1.6	Business Day: Any day other than a Saturday or Sunday or days on which the banking institutions in the State of New York are obligated or authorized by law to close. 

 

	 	1.7	Cancellation Payment: This term has the meaning set forth in Article 34. 

  

	 	1.8	Cancellation Schedule: Means that amount payable by Purchaser, as applicable, set forth in Appendix B. 

  

	 	1.9	Capacity Test Date: A date to be agreed in writing by Purchaser and Supplier, which date shall not be later than sixty (60) days after the Energization Date. 

 

	 	1.10	Change: Any deletion, addition or change to the power class of the PV Modules, or the Contract Price or the Delivery Schedule (including acceleration) which is authorized in accordance with in Article 20.

  

	 	1.11	Change Order: A written order in the form of Appendix I that is duly signed by Purchaser and Supplier and which serves to authorize a Change to the Contract. 

 

	 	1.12	Claim: This term has the meaning set forth in Section 12.1(a). 

  

	 	1.13	Codes: The codes and standards applicable to the PV Modules that are listed in Appendix N to the Contract. 

  

	 	1.14	Collateral: This term has the meaning set forth in Section 13.1. 

  

	 	1.15	Commission or Commissioning: means the start-up, testing and commissioning of the PV Modules by Purchaser in accordance with the Specifications, the Installation Manual, Codes and Applicable Laws. 

 

	 	1.16	Confidential Information: This term has the meaning as set forth in Section 41.1. 

  

	 	1.17	Contract: Means, (i) this Contract (ii) the documents attached as Appendices, as any of the foregoing may be amended, modified or supplemented from time to time in accordance with the terms of this Contract.

  

	 	1.18	Contract Amendment: A written agreement signed by the Parties that amends this Contract. 

  

	 	1.19	Contract Price: The total amount owed by Purchaser to Supplier under this Contract. 

  

	 	1.20	Cover Costs: This term has the meaning set forth in Section 33.3(c). 

  

	 	1.21	Damages: This term has the meaning set forth in Section 23.1. 

  

	 	1.22	DC: Direct current. 

  
 2 

	 	1.23	Defect: Any PV Module that: (i) does not substantially conform to the requirements of the Specifications that affect power output; or (ii) has a Product Defect or Performance Defect, as each term is
defined in the Limited Warranty set forth in Appendix H hereto. 

  

	 	1.24	Deliver: With respect to the PV Modules, the coordination of all shipping, transportation, customs and other arrangements necessary to bring the PV Modules from their point of manufacture to the Delivery Point, and
following U.S. Customs clearance, the coordination of all shipping, transportation, and other arrangements necessary to bring the PV Modules from the Delivery Point to the Project Site. 

 

	 	1.25	Delivery: With respect to the PV Modules, carrying out, by Supplier, of all activities required to Deliver the PV Modules to the Project Site. 

 

	 	1.26	Delivery Charges: The total cost for “standard” Delivery of PV Modules to the Project Site, as set forth in Appendix C. 

  

	 	1.27	Delivery Point: This term means any main port of entry in the State of Oregon or the State of Washington, or such other port to which the Parties may mutually agree. 

 

	 	1.28	Delivery Schedule: The schedule for Delivery of PV Modules, as more particularly described in Appendix C. 

  

	 	1.29	Dispute: This term has the meaning set forth in Section 37.1. 

  

	 	1.30	Effective Date: The date of this Contract, as set forth on the first page hereof. 

  

	 	1.31	Energization Date: With respect to the PV Modules for the Project, the date the PV Module commences delivering electricity to either the interconnected high voltage transmission grid or local distribution system, as
applicable. 

  

	 	1.32	Energy Production Test (Year 1): This term has the meaning set forth in Appendix J2. 

  

	 	1.33	Energy Production Test (Year 2): This term has the meaning set forth in Appendix J2. 

  

	 	1.34	Excused Events: This term has the meaning set forth in Section 31.1. 

  

	 	1.35	Expected Nameplate Capacity: This term has the meaning set forth in Appendix J1. 

  

	 	1.36	Final Performance Liquidated Damages: This term has the meaning set forth in Appendix K. 

  
 3 

	 	1.37	Financing Party: A lender, security holder, investor, export credit agency, multilateral institution, equity provider and other Person providing financing or refinancing to or on behalf of Purchaser for the development,
construction, ownership, operation and/or maintenance of the Project or any portion thereof, or any trustee or agent acting on behalf of any of the foregoing; provided, however, such Person shall be a Third Party. 

 

	 	1.38	Force Majeure Event: This term has the meaning set forth in Section 31.1. 

  

	 	1.39	Government Authority: Any and all foreign, national, federal, state, county, city, municipal, local or regional authorities, departments, bodies, commissions, corporations, branches, directorates, agencies, ministries,
courts, tribunals, judicial authorities, legislative bodies, administrative bodies, regulatory bodies, autonomous or quasi autonomous entities or taxing authorities or any department, municipality or other political subdivision thereof, to the
extent having jurisdiction over Supplier, Purchaser, the Project or any portion thereof, the Project Site, the PV Modules or this Contract. 

  

	 	1.40	Grace Period: This term shall mean, with respect to the calculating of Schedule Liquidated Damages, Delivery of PV Modules in respect of any Guaranteed Delivery Date therefor (but not for determining the forty-five
(45) day period or fifteen (15) day period, as applicable, for a Supplier Event of Default in Section 33.1(a)), to the extent that at least [...***...]% of the PV Modules scheduled for Delivery by such Guaranteed Delivery Date
have been Delivered to the Project Site, that the remaining [...***...]% may arrive up to seven (7) days after such Guaranteed Delivery Date without accruing Schedule Liquidated Damages. 

 

	 	1.41	Guaranteed Delivery Date(s): The delivery dates for PV Modules set forth in Appendix C by which Supplier guarantees Delivery of the respective quantities of PV Modules. 

 

	 	1.42	ICC: This term has the meaning set forth in Section 37.2(a). 

  

	 	1.43	Initial Performance Liquidated Damages: This term has the meaning as set forth in Appendix K. 

  

	 	1.44	Installation Manual: The Supplier’s installation manual attached hereto, and made a part hereof, as Appendix M. 

  

	 	1.45	Intellectual Property Rights: This term has the meaning set forth in Section 12.2(d). 

  

	 	1.46	Letter of Credit: This term means that certain Letter of Credit issued to NEER pursuant to the Master Supply Agreement as credit security for certain obligations of Supplier under this Contract and each other project
supply agreement entered into by and among Supplier, NEER (if applicable) and each “Purchaser”, in accordance with the Master Supply Agreement. 

  

*      Confidential Treatment Requested 

4 

	 	1.47	Lien: Any lien, security interest, mortgage, hypothecation, encumbrance or other restriction on title or property interest. 

  

	 	1.48	Limited Warranty: This term has the meaning set forth in Section 25.1. 

  

	 	1.49	Liquidated Damages: Schedule Liquidated Damages, Initial Performance Liquidated Damages and Final Performance Liquidated Damages, or any of them, as the context may require. 

 

	 	1.50	Master Supply Agreement: This term has the meaning set forth in the Recitals. 

  

	 	1.51	Module Warrantor: This term has the meaning set forth in Section 25.1. 

  

	 	1.52	MSA Effective Date: April 11, 2015. 

  

	 	1.53	NEER: NextEra Energy Resources, LLC 

  

	 	1.54	Parties: The Purchaser and Supplier. 

  

	 	1.55	Performance Liquidated Damages: This term has the meaning set forth in Section 27.2. 

  

	 	1.56	Performance Warranty: This term has the meaning set forth in Appendix H. 

  

	 	1.57	Person: An individual, partnership, corporation, limited liability company, company, business trust, joint stock company, trust, unincorporated association, joint venture, Government Authority or other entity of
whatever nature. 

  

	 	1.58	Project: The particular integrated solar-powered electricity generating plant into which the PV Modules are or will be installed, as more particularly described in Appendix P. 

 

	 	1.59	Project Power Capacity Test: This term has the meaning as set forth in Appendix J1. 

  

	 	1.60	Project Site: The physical location upon which a Project is or shall be built, including any laydown or staging area, as more particularly described in Appendix P. 

 

	 	1.61	Project Supply Agreement: This term means a project supply agreement (other than this Contract) entered into among Supplier, NEER (if applicable) and the purchaser thereunder in accordance with the terms of the Master
Supply Agreement. 

  

	 	1.62	Proprietary Information: This term has the meaning as set forth in Section 12.2(d). 

  

	 	1.63	Purchaser: This term is defined in the introductory paragraph of this Contract, and includes its legal successors and permitted assignees. 

  
 5 

	 	1.64	Purchaser-Caused Delay: This term is defined as any delay of Supplier in the performance of its obligations hereunder that results from (i) a failure of or omission by Purchaser or its agents to perform any
material obligation hereunder or (ii) any action of Purchaser or its agents that unreasonably disrupts or hinders Supplier’s or its subcontractors’ performance of its or their obligations hereunder. 

 

	 	1.65	Purchaser Event of Default: This term has the meaning set forth in Article 34. 

  

	 	1.66	Purchaser Parties: This term has the meaning set forth in Section 23.1. 

  

	 	1.67	Purchaser Provided Information: This term has the meaning set forth in Article 10. 

  

	 	1.68	Purchaser Taxes: This term has the meaning set forth in Section 15.3. 

  

	 	1.69	Purchaser’s Inspection Protocols: This term has the meaning set forth in Section 7.1. 

  

	 	1.70	Purchaser’s Inspector: This term has the meaning set forth in Section 7.1. 

  

	 	1.71	PV Module Information: This term has the meaning set forth in Section 12.2(d). 

  

	 	1.72	PV Module Nameplate Output: This term has the meaning set forth in Appendix J1. 

  

	 	1.73	PV Module Price: The purchase price for each PV Module (which price is based on delivery Ex Works Supplier’s factory), as more particularly described in Appendix B. 

 

	 	1.74	PV Modules: The photovoltaic modules, as detailed in Appendix A. 

  

	 	1.75	Rejection Notice: This term has the meaning set forth in Section 8.3. 

  

	 	1.76	Request for Payment: The written requests from Supplier to Purchaser for payment hereunder, which requests shall be in substantially the form specified in Appendix O. 

 

	 	1.77	Required Deliverables: Shipping bill of lading or manifest identifying the PV Modules, including serial numbers for PV Modules. 

  

	 	1.78	Rules: This term has the meaning set forth in Section 37.2(a). 

  

	 	1.79	Sales and Use Taxes: This term has the meaning set forth in Section 15.4. 

  

	 	1.80	Schedule Liquidated Damages: This term has the meaning set forth in Section 29.1. 

  

	 	1.81	Secured Portion of the Upfront Payment: This term has the meaning set forth in Appendix B. 

  
 6 

	 	1.82	Shipping Point: The location at which the PV Modules are loaded onto a marine vessel and have cleared customs. 

  

	 	1.83	Specifications: The detailed written specifications for the PV Modules contained in Appendix A. 

  

	 	1.84	Supplier: The supplier defined in the introductory paragraph of this Contract, including its legal successors and permitted assignees. 

 

	 	1.85	Supplier Event of Default: This term has the meaning set forth in Section 33.1. 

  

	 	1.86	Supplier Parent Company: This term has the meaning set forth in Article 16. 

  

	 	1.87	Supplier Parent Guaranty: This term has the meaning set forth in Article 16. 

  

	 	1.88	Supplier Packaging and Transport Requirements: This term has the meaning set forth in Section 8.1. 

  

	 	1.89	Supplier Taxes: This term has the meaning set forth in Section 15.2. 

  

	 	1.90	Supplier’s Manufacturing Process: This term has the meaning set forth in Section 7.1. 

  

	 	1.91	Supplier’s QA Process: This term has the meaning set forth in Section 7.1. 

  

	 	1.92	Tax or Taxes: All taxes of any kind, including any federal, state, local or foreign income, estimated, net investment, sales, use, ad valorem, receipts, value added, goods and services, profits, license, withholding,
payroll, employment, unemployment, disability, welfare, workers’ compensation, excise, premium, property, net worth, escheat, unclaimed property, capital gains, transfer, stamp, documentary stamp, recording, mortgage recording, social security,
environmental, utility, production, severance, inventory, recapture, alternative or add-on minimum, or occupation, tax and any other assessment, fee, levy, duty, custom, tariff, impost, universal service charge, obligation or governmental charge,
together with all interest, penalties and additions imposed with respect to such amounts. 

  

	 	1.93	Tested Modeled Energy Production: This term has the meaning set forth in Appendix J2. 

  

	 	1.94	Third Party: Means a Person that is not a Party or an Affiliate, successor or assign of a Party. 

  

	 	1.95	Upfront Payment: Means the amount set forth on Appendix B for the Project. 

  

	 	1.96	Visual Inspection Period: This term has the meaning set forth in Section 8.5. 

  

	 	1.97	Warranty: The warranty set forth in Appendix H. 

  
 7 

	 	1.98	Warranty Start Date: This term has the meaning set forth in Appendix H. 

  

	 	1.99	Year 1: Means that year beginning with the Capacity Test Date. 

  

	 	1.100	Year 2: Means that year beginning on the first anniversary of the Capacity Test Date. 

 2. [INTENTIONALLY
OMITTED]: 
 3. INTERPRETATION: Unless the context of the Contract otherwise requires: 

 

	 	3.1	The headings contained in the Contract are used solely for convenience and do not constitute a part of the Contract between the Parties, nor should they be used to aid in any manner to construe or interpret the
Contract; 

  

	 	3.2	The gender of all words used herein shall include the masculine, feminine and neuter and the number of all words shall include the singular and plural words; 

 

	 	3.3	The terms “hereof”, “herein” “hereto” and similar words refer to this entire Contract and not to any particular Article, Section, Appendix or any other subdivision of the Contract;

  

	 	3.4	References to “Article”, “Section”, or “Appendix” are to the Contract unless specified otherwise; 

  

	 	3.5	References to any law, statute, rule, regulation, notification or statutory provision (including Applicable Laws and Applicable Permits) shall be construed as a reference to the same as it may have been, or may from
time to time be, amended, modified or re-enacted; 

  

	 	3.6	References to any Person or Party shall be construed as a reference to such Person’s or Party’s successors and permitted assigns; and 

 

	 	3.7	References to “includes,” “including” and similar phrases shall mean “including, without limitation.” 

  

	 	3.8	The Parties collectively have prepared the Contract, and none of the provisions hereof shall be construed against one Party on the ground that such Party is the author of the Contract or any part hereof.

 4. ORDER OF PREFERENCE, INTERPRETATION: 
  

	 	4.1	In case of conflict between the terms set forth in the body of this Contract (as originally executed), Change Orders, Contract Amendments and the Appendices to this Contract, the order of precedence for interpretation
shall be: 

  

	 	(a)	Contract Amendments (including Change Orders), with those of a later date having precedence over those of an earlier date; 

  
 8 

	 	(b)	Such terms set forth in the body of this Contract; and 

  

	 	(c)	Appendices. 

 5. SUPPLIER’S PERFORMANCE: 

 

	 	5.1	Purchaser hereby agrees to purchase and procure from Supplier, and Supplier hereby agrees to sell and deliver to Purchaser, the PV Modules in accordance with the terms and conditions of the Contract. 

 

	 	5.2	Supplier acknowledges that this Contract constitutes a fixed price obligation to supply all of the PV Modules (except with respect to Delivery Charges, which are in addition to the PV Module Price and any variable
charges and fees set forth elsewhere in this Contract). 

 6. TIME, ORDER OF COMPLETION, AND DELAYS: 

 

	 	6.1	Supplier shall Deliver the PV Modules in compliance with the Delivery Schedule. Supplier hereby covenants to Purchaser that in undertaking to supply and Deliver the PV Modules in accordance with the terms hereof,
Supplier has taken into consideration and made reasonable allowances for normal hindrances and delays under Supplier’s control that are incident to such supply and Delivery. Supplier shall cooperate to provide reasonable reports as required
herein, and provide any reasonable updates and further information requested by Purchaser to verify actual progress and forecast future progress of the PV Module supply and Delivery. 

 

	 	6.2	In cases other than those governed by Article 31 (Force Majeure), Supplier shall notify Purchaser in writing as soon as practicable after Supplier reasonably determines that circumstances shall prevent or substantially
delay the Delivery of the PV Modules in accordance with the Delivery Schedule and that Supplier does not reasonably expect to be able to overcome those circumstances. Supplier shall also, within a reasonable time not to exceed five (5) Business
Days after the time it gives notification as set forth in the previous sentence, prepare for Purchaser a written recovery plan describing generally the activities or sequence of events Supplier intends to implement to facilitate Delivery of PV
Modules by the Guaranteed Delivery Dates therefore. Supplier shall promptly proceed to prosecute such plan. Such recovery plan may include information or evidence of increases in Supplier’s Affiliates’ work force, increases in the number
of shifts, overtime operations, additional days of work per week, producing PV Modules out of Supplier’s Affiliates’ factories in China, using pre-negotiated OEM manufacturing agreements or such other evidence as reasonably necessary for
the timely delivery of the PV Modules in accordance with the Contract. Submission to Purchaser of such plan shall not: (i) be deemed in any way to relieve Supplier of its obligations under this Contract, including those relating to the failure
to achieve a Guaranteed Delivery Date, or any other guaranteed dates provided for in this Contract; (ii) except as otherwise provided herein, be a basis for an increase in the Contract Price; or (iii) limit the rights of Purchaser under
the Contract. Further, Supplier acknowledges that the implementation of any such recovery plan may result in material additional costs and expenditures for Supplier (including by way of paying Taxes, overtime, additional shifts, and similar
measures). Supplier agrees that except to the extent that the cause of any delay is due to Purchaser’s claim of Force Majeure or a Purchaser-Caused Delay, it shall not be entitled to any compensation or increase in the Contract Price (including
for any increased cost of expedited shipping) in connection with the implementation of any such recovery plan, unless otherwise provided herein. 

  
 9 

	 	6.3	Notwithstanding anything contained herein to the contrary, in the absence of a Change Order, no update to the supply schedule maintained by Supplier shall in any way amend, alter or otherwise change the Delivery
Schedule or Guaranteed Delivery Dates or increase the standard Delivery Charges. 

  

	 	6.4	If, at any time or from time to time, Purchaser advises Supplier in writing pursuant to Article 45 referencing this Section 6.4 that it is concerned that Supplier has failed to show adequate progress toward the
Delivery of PV Modules by the Guaranteed Delivery Date therefor, then, within five (5) Business Days after request by Purchaser, Supplier shall either (i) provide reasonable evidence of its material conformance with the Delivery Schedule
attached hereto, or (ii) prepare for Purchaser a written recovery plan describing generally the activities or sequence of events Supplier intends to implement to facilitate Delivery of PV Modules by the Guaranteed Delivery Dates therefore. If
Supplier provides Purchaser with a written recovery plan, Supplier shall promptly proceed to prosecute such plan in a commercially reasonable manner. 

  

	 	6.5	At the request of Purchaser or Supplier, the Parties shall participate in meetings at mutually agreeable times and locations between representatives of Purchaser and Supplier to review the status of the PV Modules
supply. 

 7. INSPECTION; CORRECTION OF DEFECTS; QUALITY PLAN: 

 

	 	7.1	Supplier shall inspect the PV Modules prior to shipping to identify Defects in the PV Modules. Each of the PV Modules shall be subject to inspection and testing during and upon completion of its fabrication in
accordance with Appendix F-A (“Supplier’s QA Process”). Purchaser, the Financing Parties and/or its or their designees (“Purchaser’s Inspector”) may observe the inspection in accordance with Appendix F-B
(“Purchaser’s Inspection Protocols”). Supplier shall provide or arrange for access to the facilities where PV Modules are manufactured in connection with Supplier’s obligations hereunder to permit any such inspection in
accordance with Purchaser’s Inspection Protocols. Supplier shall reimburse Purchaser for any costs necessarily and reasonably incurred by Purchaser due to Supplier’s failure to make any facility that is used for the manufacture of PV
Modules in connection with Supplier’s obligations hereunder available for inspection or testing after being provided notice by Purchaser of any such upcoming inspection or test. With respect to any inspection that Purchaser chooses not to
attend, Supplier shall keep Purchaser informed in all material respects of the progress of manufacture and quality of all PV Modules. Subject to the terms and conditions set forth in Appendix F-B, Purchaser may have its representative at the shops
or factories of Supplier that are used for the manufacture of PV Modules in connection with Supplier’s obligations hereunder at reasonable times and with reasonable advance notice during the manufacture of the PV Modules, for the purpose of
reviewing generally Supplier’s manufacturing systems and protocols (“Supplier’s Manufacturing Process”). The Parties agree and acknowledge that “reasonable times” includes any time during which manufacture of the
PV Modules is occurring. 

  
 10 

	 	7.2	Supplier shall, at its sole cost and expense, prior to Delivery promptly correct or replace any PV Modules that Supplier determines contain a Defect or is not otherwise in compliance with the requirements of this
Contract. 

  

	 	7.3	Unless otherwise agreed by the Parties in writing, no inspection made, payment of money, acceptance of PV Modules, or approval given by Purchaser or Purchaser’s Inspector shall relieve Supplier of its obligations
in accordance with the terms hereof. 

  

	 	7.4	Supplier will consider and review input from Purchaser or Purchaser’s Inspector regarding Defects that they may identify while observing the Supplier QA Process or Supplier Manufacturing Process, but in all cases,
Supplier has responsibility for the final determination prior to Delivery if a PV Module has a Defect. If Purchaser or Purchaser’s Agent identifies a Defect during the Supplier Manufacturing Process or the Supplier QA Process and Supplier
agrees that such PV Module has a Defect, Supplier shall not transport such PV Module to the Shipping Point until such Defect is remedied. However, if Supplier disagrees with Purchaser or Purchaser’s Inspector regarding a Defect prior to
transport to the Shipping Point, then Supplier may Deliver such PV Modules and Purchaser shall retain those rights and remedies set forth herein. Further details regarding the process for handling any disagreement between Supplier and Purchaser or
Purchaser’s Inspector during the Supplier’s QA Process or Supplier’s Manufacturing Process shall be handled pursuant to Appendix F-B. 

  

	 	7.5	If either Party determines that the process described in Section 7.4 or Appendix F-B has become unwieldy or unreasonably interferes with such Party’s ability to perform its obligations under this Contract,
then the Parties shall confer and discuss whether a modification to the process would be appropriate under the circumstances. 

 8.
PACKAGING, SHIPPING, UNLOADING, AND STORAGE: 
  

	 	8.1	Supplier shall comply with all shipping instructions and the specifications requirements regarding packaging of the PV Modules in accordance with the Supplier’s packaging and transport requirements set forth in
Appendix L (“Supplier Packaging and Transport Requirements”). Supplier shall load and secure all shipments to comply with all Applicable Laws (including tariff rules and regulations) to ensure adequate protection from in-transit
damage to the applicable delivery destination. 

  
 11 

	 	8.2	Subject to Project Site requirements, Purchaser shall permit Delivery of the PV Modules to the Project Site on the days and times, with the number of trucks and advance notice as set forth in Appendix G. Purchaser shall
provide necessary access to the Project Site on the days and during the hours authorized hereby for purposes of making Deliveries of PV Modules hereunder. Purchaser shall be solely responsible for offloading the PV Modules upon Delivery to the
Project Site and storage of the PV Modules after Delivery. The Parties shall work in good faith to implement protocols for the efficient procedures for scheduling Delivery of PV Modules at the Project Site. Purchaser shall be solely responsible for
any demurrage or similar delay charges and fees. Purchaser shall handle, store, and install PV Modules in accordance with the Installation Manual and Supplier’s written Packaging and Transport Requirements. 

 

	 	8.3	Subject to the terms of Appendix F-B, Purchaser shall have the right to (i) inspect such PV Modules during the Supplier’s QA Process, (ii) observe such packaging of such PV Modules and the loading of such
PV Modules into marine vessel shipping containers and (iii) reject any such PV Modules that have a Defect (any such PV Modules so rejected being referred to as “Rejected PV Modules”), by providing written notice to
Supplier’s designated representatives at the manufacturing facility, including a description of the PV Modules being rejected and the reasons for such rejection (a “Rejection Notice”), prior to the departure of such PV Modules
from such facility. Following its receipt of any Rejection Notice submitted in accordance with this Section, Supplier shall evaluate the merits of such rejection and if Supplier agrees that there is a Defect, promptly replace the Rejected PV Modules
with PV Modules that do not have a Defect as available from the manufacturing facility. Supplier shall be responsible for all costs relating to the replacement of Rejected PV Modules in the manufacturing facility, including any labor, equipment,
storage, and transportation costs. For the avoidance of doubt, any replacement PV Modules provided by Supplier to replace Rejected PV Modules after the applicable Guaranteed Delivery Date shall be subject to Schedule Liquidated Damages.

  

	 	8.4	Supplier shall provide Purchaser with reasonable advance notice of the anticipated dates of delivery of any PV Modules (in seaborne shipping containers) to the Delivery Point. Upon delivery of PV Modules (in seaborne
shipping containers) by the carrier thereof to the Delivery Point, after U.S. Customs clearance, Purchaser may verify deliveries (shipping containers and packing lists); provided that, if Purchaser is not available to perform any such delivery
verification, Purchaser shall be deemed to have waived its right to verify deliveries. Purchaser shall not be entitled to inspect PV Modules or require opening of any shipping container. Supplier shall reasonably cooperate with Purchaser by
providing documentation such as packing lists and identifying the shipping containers. 

  
 12 

	 	8.5	With respect to PV Modules Delivered to the Project Site, Purchaser shall promptly (but in any event within five (5) days of Delivery) inspect such PV Modules, and Purchaser may reject any PV Modules that exhibit
Defects or obvious damage by providing Supplier with a Rejection Notice within such five (5) day period (“Visual Inspection Period”). Any PV Modules that are so rejected during such Visual Inspection Period for being Defective
or damaged shall be replaced by Supplier. 

  

	 	8.6	Any PV Modules not covered by a Rejection Notice shall be deemed accepted by Purchaser as of the end of the Visual Inspection Period provided that, for the avoidance of doubt, the inspection and/or acceptance of any PV
Modules by Purchaser shall not reduce or diminish Supplier’s obligations under any Warranty. 

 9. LANGUAGE; PAYMENT CURRENCY;
STANDARDS AND CODES: 
  

	 	9.1	All correspondence, invoicing, reports, and other communications, both oral and written, related to this Contract shall be in the English language. 

 

	 	9.2	All monies due shall be invoiced and payable in U.S. Dollars. 

  

	 	9.3	Whenever references are made in this Contract to Codes in accordance with which PV Modules are to be manufactured or tested, the then applicable edition or revision of the Codes shall apply, unless otherwise expressly
set forth in this Contract; provided, that any change in Codes (of the United States) applicable to the PV Modules after the Effective Date shall be subject to a Change Order in accordance with Article 20. 

10. DRAWINGS AND SPECIFICATIONS: 
 Purchaser hereby
grants to Supplier a fully-paid, sub-licensable and non-transferrable right to use drawings of the Project (including any models), specifications, and other documents (and any copies of any of the foregoing) that are furnished by Purchaser or on
behalf of Purchaser solely in connection with this Contract (“Purchaser Provided Information”) and only to the extent necessary for Supplier and its agents and contractors to perform the obligations under this Contract; provided
that Supplier shall be relieved of its obligations hereunder that are affected by any revocation of such license. The Purchaser Provided Information is the property of Purchaser and its suppliers and, except to the extent necessary as set forth
in the previous sentence, subject to return obligations set forth in the confidentiality terms of Article 41. 
 11. ACCOUNTING INFORMATION:

 During the term of this Contract and continuing for seven (7) years after the Warranty Start Date, Supplier will provide Purchaser with any
reasonably necessary assistance at Purchaser’s expense as related to Purchaser’s financial or tax reporting obligations relating to the Project, including providing documents reasonably requested that are necessary for Purchaser’s
foreign, federal, state or local Tax filings, exemptions or positions advocated by Purchaser, including sales, use and property taxes. 

  
 13 

 12. INTELLECTUAL PROPERTY RIGHTS: 

 

	 	12.1	Indemnity. 

  

	 	(a)	Subject to Section 12.1(b), Supplier shall defend and indemnify Purchaser against any damages, costs and expenses arising out of any suit, claim, or proceeding (a “Claim”) brought by a Third Party
alleging that the PV Modules infringes the U.S. patent of a Third Party, on the condition that (i) Purchaser promptly delivers notice of the Claim to Supplier, (ii) Purchaser makes no admission of liability and gives Supplier sole
authority, at Supplier’s sole cost and expense (including the payment of any reasonable legal fees and expenses of Purchaser in connection with such defense), to direct and control the defense and any settlement and compromise negotiations, and
(iii) Purchaser provides Supplier with disclosure and assistance that may be reasonably required or helpful to defend any such Claim. 

  

	 	(b)	Supplier shall have no obligation or liability with respect to any Claim based upon or resulting from (i) any PV Module that has been altered (except for alterations in accordance with Supplier’s installation
instructions and Purchaser’s incorporation of the PV Modules into the Project) except to the extent the Claim relates to the unaltered aspects of the PV Modules, (ii) failure of Purchaser promptly to implement, at Supplier’s sole cost
and expense, any update provided by Supplier that would have prevented the Claim, or (iii) unauthorized use of the PV Modules. 

  

	 	(c)	If Purchaser’s use of the PV Modules is, or in Supplier’s reasonable judgment is likely to be, enjoined as the result of a Claim described in Section 12.1(a), then Supplier, at its sole cost and expense,
may either (i) procure for Purchaser the right to continue using such PV Modules or portion thereof or (ii) modify or replace the PV Modules in whole or in part to make it non-infringing with materially the same performance; provided,
however, if Supplier has not accomplished either (i) or (ii) above, within sixty (60) days of such Claim being filed, then Supplier shall refund to Purchaser the then-current value of such PV Modules (based on the then current market
price for similar photovoltaic modules, reduced by the percentage equal to the percentage of reduction in output (degradation) determined pursuant to the Performance Warranty set forth in the Limited Warranty), along with the actual PV Module
removal and replacement costs (limited to $50 per module). 

  

	 	(d)	The indemnities and remedies set forth in this Section 12.1 comprise Supplier’s sole and entire liability for indemnification for infringement in respect of the PV Modules. 

  
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	 	(e)	Defense of any Claim for which Purchaser is indemnified pursuant to this Section 12.1 shall be governed by the procedures set forth in Section 23.4. 

 

	 	12.2	Other Intellectual Property Provisions. 

  

	 	(a)	Purchaser expressly acknowledges that, as between Supplier and Purchaser, Supplier (together with Supplier’s suppliers as applicable) owns all worldwide right, title and interest in and to all intellectual property
rights embodied in or relating to the PV Modules and the PV Modules thereof, and agrees that, subject to Applicable Law, nothing in this Contract will be construed as granting any rights to Purchaser, by license or otherwise, in or to any
Confidential Information or any patent, copyright, trademark, trade secret, or other intellectual property or proprietary rights of Supplier or its suppliers, except as expressly specified in this Contract. 

 

	 	(b)	Purchaser acknowledges that Confidential Information relating to the PV Modules is subject to the provisions of Article 41. In order to protect such Confidential Information and other interests that Supplier and its
suppliers may have therein, Purchaser agrees that (except as provided in Section 12.2(c)) Purchasers and its Affiliates shall not, and it shall not permit or authorize any Third Party to, reverse engineer, disassemble or examine or analyze for
the purposes of reverse engineering the PV Modules or any PV Modules thereof, or attempt to determine any methods, technology or techniques used or embodied in the PV Modules or any PV Modules thereof. 

 

	 	(c)	Notwithstanding Section 12.2(b), it is agreed that if Purchaser is unable to purchase or obtain repair services from Supplier relating to the PV Modules or any PV Modules thereof purchased hereunder upon thirty
(30) Business Days’ notice to Supplier giving Supplier (or its designee) an opportunity to provide such repair services, Purchaser shall be entitled to use any drawings, specifications, and other information, documentation or materials
relating to the PV Modules purchased hereunder and to reverse engineer, disassemble, examine and analyze, solely to the extent required for and for the limited purposes of repairing or having repaired the PV Modules provided to Purchaser hereunder.
For clarity, the right described in this Section 12.2(c) shall not extend to (i) the repair of goods not owned or controlled by Purchaser, (ii) the performance of services for Persons other than Purchaser or its Affiliates, or
(iii) the manufacture of replacement parts or PV Modules for use in goods not owned or controlled by Purchaser or its Affiliates. 

  
 15 

	 	(d)	Except as expressly provided in this Section 12.2(d), nothing in this Article 12 or otherwise in this Contract shall be construed to grant Purchaser any license or rights under any patent, trademark,
copyright, trade secret, or other intellectual property rights now or later owned or controlled by Supplier other than as expressly set forth herein. Subject to Purchaser’s obligations under Article 41 (Confidentiality and Ownership) and the
other terms and conditions of this Contract, Supplier hereby grants to Purchaser an irrevocable, perpetual, transferable, assignable (such transferability assignment permitted solely in connection with an assignment of the PV Modules and related
warranties hereunder), non-exclusive, royalty-free license to use and disclose all patents, copyrights and trade secrets (collectively, “Intellectual Property Rights”), all specifications, designs, drawings, process technology,
data, technical information, and other proprietary information (collectively, “Proprietary Information”) and the technical specifications set forth in Appendix A, the applicable installation manual, the Limited Warranty, and flash
data (collectively, “PV Module Information”) delivered in connection with the Contract for the engineering, construction, ownership, operation, maintenance, and repair of the PV Modules or any subsystem or component thereof,
provided that any disclosure made to a Third Party pursuant to the foregoing license shall only be made pursuant to a written contract providing for confidentiality provisions at least as restrictive as those in this Contract and shall expressly
make Supplier a third-party beneficiary with respect to such provisions. For the avoidance of doubt, the PV Module Information is Supplier’s Confidential Information, regardless of whether so identified in writing. 

 

	 	(e)	Purchaser shall indemnify, defend and hold the Supplier and its Affiliates harmless from and against any and all Damages asserted against or incurred by such indemnitees by reason of or resulting from any Claim, action
or proceeding by any Person for unauthorized disclosure, use, infringement or misappropriation of any Intellectual Property Right arising from (i) Purchaser’s performance (or that of any of its Affiliates, subcontractors or vendors) under
this Contract or other items and services provided by Purchaser, its Affiliates or any of their suppliers, subcontractors or vendors hereunder, or (ii) the license granted hereunder. 

 

	 	12.3	[Intentionally Omitted]. 

  

	 	12.4	No Other Rights. Nothing in this Article 12 or otherwise in this Contract shall be construed to grant Purchaser any license or rights under any invention, patent, trademark or copyright now or later owned or
controlled by Supplier other than as specifically and expressly set forth herein. 

  

	 	12.5	Purchaser may make, in whole or in part, a reasonable amount of machine-readable copies of the PV Module Information solely for its internal use related to: backup, disaster recovery, testing, training and archival
purposes. 

  
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 13. LIENS: 
  

	 	13.1	Purchaser grants to Supplier a security interest in the PV Modules and all proceeds thereof (the “Collateral”). Unless otherwise agreed in writing by Supplier, the security interest of the Supplier in
the Collateral shall constitute a first priority security interest and shall be senior to any security interest or Lien of any Financing Parties in the Collateral. The Collateral secures all obligations of Purchaser to Supplier under this Contract.
Supplier will retain the rights and remedies of a secured party under the Uniform Commercial Code and any other Applicable Laws until payment in full is received for the purchased PV Modules. Purchaser hereby authorizes the filing of any financing
statements or continuation statements, and amendments to financing statements, or any similar document in any jurisdictions and with any filing offices as the Supplier may determine, in its sole discretion, are necessary or advisable to perfect the
security interest granted to the Supplier in this Contract. Such financing statements may describe the Collateral in the same manner as described in this Contract or may contain an indication or description of the Collateral that describes such
property in any other manner as Supplier may determine, in its sole discretion. Purchaser agrees to execute and deliver all documents reasonably requested by Supplier to protect and maintain Supplier’s security interest in the Collateral.

  

	 	13.2	Supplier hereby consents to the granting of a security interest in and a collateral assignment by Purchaser of the Contract and its rights herein to the Financing Parties and their successors, assigns and designees. In
furtherance of the foregoing, Supplier acknowledges that the Financing Parties may under certain circumstances assume the interests and rights of Purchaser under the Contract. 

 

	 	13.3	Supplier acknowledges that a Financing Party may under certain circumstances foreclose upon and sell a Project, or, in connection with the exercise of remedies under financing documents, cause a buyer of the Project to
assume all of the interests, rights and obligations of a Purchaser arising under the Contract. In such event, Supplier agrees to the assignment by Purchaser or such Financing Party of the Contract and its rights herein to such purchaser or lessee
and, provided Supplier shall have been paid for all Requests for Payments and other charges hereunder then due and owing, shall release a Purchaser and the Financing Party from all obligations hereunder upon any such assignment. 

 

	 	13.4	If and after Purchaser has paid all amounts of the Contract Price due and owing under the Contract, Supplier shall, at Supplier’s sole expense, discharge and cause to be released, whether by payment or posting of
an appropriate surety bond in accordance with Applicable Laws, within thirty (30) days after receipt of a written demand from Purchaser, any Lien in respect to the PV Modules, the Project or the Project Site (whether or not any such Lien is
valid or enforceable) created by, through or under, or as a result of any act or omission (or alleged act or omission) of, Supplier or other Person providing labor or materials on behalf of Supplier for the PV Modules. As provided in the previous
sentence the expense of discharging or satisfying by bond any such Lien shall be paid by Supplier at its sole cost and expense and shall not be a part of the Contract Price payable to Supplier. 

  
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	 	13.5	Acceptance by Supplier of the final payment of the Contract Price shall constitute a release by Supplier of Purchaser from all Liens (whether statutory or otherwise and including mechanics’ or suppliers’
liens), claims and liability hereunder with respect to the Contract Price for any PV Modules supplied in connection with the Contract. For the avoidance of doubt, the foregoing release is intended to release only claims for payment of all or any
portion of the Contract Price (and not other claims in respect of the Contract). No payment by Purchaser shall be deemed a waiver by Purchaser of any obligation of Supplier under the Contract. 

14. COMPLIANCE WITH APPLICABLE LAWS: 
  

	 	14.1	The Parties shall comply with all Applicable Laws and perform all of their respective obligations under this Contract in accordance with all Applicable Laws. 

 

	 	14.2	Supplier shall provide all inspections required by Applicable Laws prior to Delivery and shall pay all fees and charges in connection therewith, unless otherwise provided in this Contract. 

15. TAXES: 
  

	 	15.1	Contract Price. The Contract Price is exclusive of any and all Taxes relating to the PV Modules. 

  

	 	15.2	Supplier Taxes. Supplier shall pay and administer any and all Taxes and duties incurred or payable in connection with the manufacture of the PV Modules, including Taxes based on or related to the income, receipts,
capital or net worth of Supplier (collectively, “Supplier Taxes”); provided, for the avoidance of doubt, that Supplier Taxes shall exclude Purchaser Taxes, which shall be governed by Section 15.3 below. Supplier and Purchaser
agree that Sales and Use Taxes will be governed by Section 15.4 below. 

  

	 	15.3	Purchaser shall pay all real property Taxes assessed against the Project Site and any personal property Taxes assessed against any personal property located at Purchaser’s Project Site, including any such Taxes on
the PV Modules after Delivery to the Project Site (collectively with all Sales and Use Taxes described in Section 15.4, “Purchaser Taxes”). 

  
 18 

	 	15.4	Sales and Use Tax. “Sales and Use Tax” or “Sales and Use Taxes” shall mean all sales and use Taxes, as imposed or collected by Government Authorities of the United States together with
any related interest and any penalties, additions to such Tax or additional amounts imposed with respect thereto by such governmental entity. Purchaser shall pay all Sales and Use Taxes relating to the PV Modules. Supplier shall properly and timely
collect from Purchaser and remit any such Sales and Use Taxes if required to do so by Applicable Law. Upon Purchaser’s reasonable request, Supplier shall cooperate with Purchaser and take any reasonably requested action, which does not cause
Supplier to incur any material cost or inconvenience, in order to minimize any Sales and Use Taxes imposed on the sale of the PV Modules including providing Sales and Use Tax exemption certificates or other documentation necessary to support Tax
exemptions. Each Party agrees to provide the other Party such information and data as reasonably requested from time to time, and to fully cooperate with the other party, in connection with (i) minimizing Taxes relating to the PV Modules,
(ii) the reporting of any Sales and Use Taxes payable pursuant to this Contract, (ii) any audit relating to any Sales and Use Taxes payable pursuant to this Contract, or (iii) any assessment, refund, claim or proceeding relating to
any such Sales and Use Taxes. Upon Purchaser’s reasonable request, Supplier shall (at no additional cost to Purchaser) submit to Purchaser (together with any Request for Payment or other reasonable delivery method) any documentation reasonably
necessary for Purchaser to make any filings associated with Purchaser Taxes. 

  

	 	15.5	Supplier shall be the importer of record (or if necessary, Supplier shall designate a licensed customs broker to act as the importer of record and make entry on the Supplier’s behalf) for, and consignee of, all
portions of the PV Modules shipping from international locations into the United States. On all U.S. Homeland Security and Customs Entry forms for the PV Modules shipping from international locations into the United States, Supplier shall designate
the following Persons as the “ultimate consignee” on such forms: “NextEra Energy Resources, LLC and/or its affiliates”. Supplier shall perform or cause the performance of all services necessary to affect import clearance into the
United States, including the execution of all documents and instruments in connection with PV Modules shipping from international locations into the United States. Without limiting Supplier’s obligations hereunder, Supplier shall be responsible
for all broker and other customs and import fees (for which Purchaser shall reimburse to Supplier as a component of Delivery Charges), and all duties with respect to the importation of the PV Modules into the United States (including any antidumping
or countervailing duties). Supplier also agrees to prepare and execute any necessary or appropriate documents to acknowledge or demonstrate that Supplier or the licensed customs broker designated by Supplier is the importer of record for, and
consignee of all portions of the PV Modules shipping from international locations into the United States. Notwithstanding any provision in the Contract to the contrary, Supplier agrees that it shall not be entitled to any increase in the Contract
Price (or other cost relief) or any extension of any Guaranteed Delivery Date (or any other schedule relief) due to or in connection with the assessment or imposition of any antidumping or countervailing duty, tax or other charge or any
investigation or other action by a Government Authority in relation to dumping or countervailing, and any such assessment, imposition, investigation or action shall not be, and shall not result in, a Force Majeure Event. 

16. PARENT GUARANTEE: Hanwha Chemical Corporation (the “Supplier Parent Company”) is an upstream parent company to Supplier. Pursuant
to the terms of the Master Agreement, Supplier has provided to NEER a guarantee (“Supplier Parent Guaranty”) executed by Supplier Parent Company pursuant to which Supplier Parent Company has guaranteed payment of Cover Costs,
Schedule Liquidated Damages, Performance Liquidated Damages, and indemnification claims arising under this Contract. 

  
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 17. AGREEMENT TO PAY: 
  

	 	17.1	Purchaser agrees to pay Supplier the Contract Price in accordance with the terms and conditions of this Contract and Appendix B as full and complete consideration for the supply of the PV Modules and Delivery of PV
Modules performed hereunder. 

 18. PAYMENT; INVOICES; LIEN WAIVERS: 

 

	 	18.1	Supplier shall submit to Purchaser a Request for Payment for the portion of the PV Module Price and the Delivery Charges allocable to such PV Modules in accordance with the invoicing and payment schedule set forth in
Appendix B. Together with each Request for Payment, Supplier shall submit a duly executed written conditional partial waiver and release of Liens from Supplier in the form set forth therefore in Appendix E, and together with the final Request for
Payment, Supplier shall provide a conditional final waiver and release of Liens in the form set forth therefore in Appendix E. Within ten (10) Business Days after the final payment under this Contract, Supplier shall provide an unconditional
final waiver and release of Liens in the form set forth therefore in Appendix E. Contemporaneously with delivery of PV Modules to the carrier at the port of export, Supplier shall submit a Request for Payment in accordance with Appendix B and
provide a copy of the packing list that includes the number of PV Modules in such shipment. No later than five (5) Business Days after submitting such invoice, Supplier shall make available to Purchaser in an electronic file storage location
(such as Box.com) the Required Deliverables and the PV Module flash test data related to such PV Modules. Contemporaneously with the submission of the Request for Payment for Delivery Charges, Supplier shall provide a copy of all supporting
documentation evidencing such Delivery Charges, including Third Party invoices. 

  

	 	18.2	Purchaser shall pay the amount stated in the Request for Payment within twenty (20) days of the date of the Request for Payment; provided, however, Purchaser shall exercise commercially reasonable efforts to make
any such payment within fifteen (15) days following the receipt of the applicable Request for Payment. If there is a discrepancy between the quantity of PV Modules Delivered as reflected in the invoice and such quantity as reflected in the
shipping documentation (a “Record Discrepancy”), Purchaser shall notify Supplier of such Record Discrepancy within five (5) Business Days of Delivery and Supplier shall investigate and re-issue the Request for Payment within
two (2) Business Days. If Purchaser fails to pay any amount set forth in a Request for Payment when due, Supplier shall provide written notice of such failure. If Purchaser has neither (i) provided Supplier with written notice of a Record
Discrepancy, or has provided notice of a Record Discrepancy which was not corrected nor (ii) paid such amounts within ten (10) days of such notice, Purchaser shall be in default hereunder. Purchaser’s late payments shall bear interest
at the rate of [...***...]% per annum from the date such undisputed payment (or payment ultimately determined to have been improperly withheld) was due. All payments by Purchaser under this Contract shall be made by ACH transfer to an
account directed by Supplier. 

  

*      Confidential Treatment Requested 

20 

 19. NO WITHHOLDING: Except pursuant to Section 30.3, Purchaser may not withhold or setoff for any
reason any payment or portion thereof due to Supplier. Except pursuant to Article 34 and Section 35.1(b), Supplier may not withhold or setoff for any reason any payment or portion thereof due to Purchaser. 

20. CHANGE ORDERS: 
  

	 	20.1	A Party may at any time, by written notice to the other Party, request a Change by submitting to the other Party a written request therefor. Such other Party shall reasonably review and consider such requested Change
and shall make a written response thereto within ten (10) days after receiving such request. If Supplier believes that giving effect to any Change will increase or decrease its cost of supplying the PV Modules, shorten or lengthen the time
needed for Delivery of the PV Modules or require a modification of any other provision of the Contract, its Change request or response to the Change request shall set forth such changes (including any amendments to the Contract) that Supplier deems
necessary as a result of the requested Change and its justification therefor. If the Parties agree on any requested Changes, the Parties shall set forth the agreed upon Change in a Change Order or in Contract Amendments. 

 

	 	20.2	Subject to Article 31, if Purchaser proposes Changes in the Delivery Schedule or the Contract Price due to a Force Majeure Event (including an Excused Event), the Parties shall negotiate in good faith for the execution
of a Change Order. Purchaser claimed Force Majeure Events and Excused Events shall entitle Supplier to extensions of the Delivery Schedule and reimbursement of costs or an increase in the Contract Price therefor. 

 

	 	20.3	Subject to Article 31, if Supplier proposes Changes in the Delivery Schedule or the Contract Price due to a Force Majeure Event (including an Excused Event) or a Purchaser-Caused Delay, the Parties shall negotiate in
good faith for the execution of a Change Order. Supplier claimed Force Majeure Events (other than Excused Events) shall entitle Supplier to extensions of the Delivery Schedule but not reimbursement of costs or an increase in the Contract Price
therefor. Supplier claimed Excused Events and Purchaser-Caused Delays shall entitle Supplier to extensions of the Delivery Schedule and reimbursement of costs or an increase in the Contract Price therefor. For the avoidance of doubt, Supplier-Caused
Delay shall not entitle Supplier to extensions of the Delivery Schedule and reimbursement of costs or an increase in the Contract Price therefor. 

  

	 	20.4	Supplier shall, within ten (10) Business Days after it determines that a Purchaser-Caused Delay is likely to delay or prevent the performance of its obligations hereunder, notify Purchaser of such Purchaser-Caused
Delay and provide particulars of the relevant event known at the time. 

  
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	 	20.5	Any extension in the time to perform or increase in the Contract Price permitted under this Article 20 shall be of an equitable duration or amount designed to reflect the amount of time needed to recover from such delay
and not necessarily an amount of time equal to such delay or cost impact caused by the Force Majeure Event, Excused Event or Purchaser-Caused Delay despite the affected Party’s efforts to mitigate the same. 

 

	 	20.6	Notwithstanding anything to the contrary herein, in no event shall either Party have any obligation to perform any Change unless and until a Change Order is executed by Purchaser and Supplier. 

21. SUPPLIER’S REPRESENTATIONS: 

Supplier represents and warrants to Purchaser as of the Effective Date as follows: 

 

	 	21.1	Supplier is a corporation, duly organized, validly existing, and in good standing under the laws of the State of California and is duly authorized and qualified to conduct business in all jurisdictions in which the
nature of the business conducted by it makes such qualification necessary and where failure to so qualify would affect its performance of its obligations under this Contract. 

 

	 	21.2	Supplier has all requisite power and authority to conduct its business, own its properties and execute and deliver this Contract and perform its obligations hereunder in accordance with its terms. 

 

	 	21.3	The execution, delivery, and performance of this Contract have been duly authorized by all requisite corporate action and this Contract constitutes the legal, valid and binding obligation of Supplier, enforceable
against Supplier in accordance with its terms. 

  

	 	21.4	Neither the execution, delivery or performance of the Contract conflicts with, or results in a violation or breach of the terms, conditions or provisions of, or constitutes a default under, the organizational documents
of Supplier or any agreement, contract, indenture or other instrument under which Supplier or its assets are bound, nor violates or conflicts with any Applicable Laws or any judgment, decree, order, writ, injunction or award applicable to Supplier.

  

	 	21.5	Supplier is not in violation of any Applicable Laws which violations, individually or in the aggregate, would affect its performance of its obligations under this Contract. 

 

	 	21.6	Supplier is or will be the holder of all governmental consents, licenses, permissions and other authorizations required to operate and conduct its business now and as contemplated by this Contract. 

  
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	 	21.7	There is no pending controversy, legal action, arbitration proceeding, administrative proceeding or investigation instituted, or to the best of Supplier’s knowledge threatened, against or affecting, or that could
affect, the legality, validity and enforceability of this Contract or the performance by Supplier of its obligations hereunder. 

  

	 	21.8	Supplier owns or has the right to use all patents, trademarks, service marks, tradenames, copyrights, licenses, franchises, permits and Intellectual Property Rights and Proprietary Information necessary to perform its
obligations under the Contract without conflict with the rights of others. 

  

	 	21.9	Supplier is financially solvent and able to pay its debts as they mature. 

  

	 	21.10	Supplier has carefully studied and reviewed this Contract, including all Appendices and Exhibits attached hereto, and has become familiar with all its terms and provisions. 

 

	 	21.11	Purchaser assumes no responsibility for any understandings or agreements made by any of its representatives during or prior to execution of this Contract unless such understandings or agreements are expressly stated in
this Contract. 

  

	 	21.12	The representations and warranties of Supplier herein shall survive execution and termination of this Contract. 

22. PURCHASER’S REPRESENTATIONS: 

Purchaser represents and warrants to Supplier as of the Effective Date as follows: 

 

	 	22.1	Purchaser is a limited liability company, duly organized, validly existing, and in good standing under the laws of the State of Delaware and is duly authorized and qualified to conduct business in all jurisdictions in
which the nature of the business conducted by it makes such qualification necessary and where failure to so qualify would affect its performance of its obligations under this Contract. 

 

	 	22.2	Purchaser has all requisite power and authority to conduct its business, own its properties and execute and deliver this Contract and perform its obligations hereunder in accordance with its terms. 

 

	 	22.3	The execution, delivery, and performance of this Contract have been duly authorized by all requisite corporate action and this Contract constitutes the legal, valid and binding obligation of Purchaser, enforceable
against Purchaser in accordance with its terms. 

  

	 	22.4	Neither the execution, delivery or performance of the Contract conflicts with, or results in a violation or breach of the terms, conditions or provisions of, or constitutes a default under, the organizational documents
of Purchaser or any agreement, contract, indenture or other instrument under which Purchaser or its assets are bound, nor violates or conflicts with any Applicable Laws or any judgment, decree, order, writ, injunction or award applicable to
Purchaser. 

  
 23 

	 	22.5	Purchaser is not in violation of any Applicable Laws which violations, individually or in the aggregate, would affect its performance of its obligations under this Contract. 

 

	 	22.6	Purchaser is the holder of all governmental consents, licenses, permissions and other authorizations required to operate and conduct its business now and as contemplated by this Contract. 

 

	 	22.7	There is no pending controversy, legal action, arbitration proceeding, administrative proceeding or investigation instituted, or to the best of Purchaser’s knowledge threatened, against or affecting, or that could
affect, the legality, validity and enforceability of this Contract or the performance by Purchaser of its obligations hereunder. 

  

	 	22.8	Purchaser owns or has the right to use all patents, trademarks, service marks, tradenames, copyrights, licenses, franchises, permits and Intellectual Property Rights and Proprietary Information necessary to perform its
obligations under the Contract without conflict with the rights of others. 

  

	 	22.9	Purchaser is financially solvent and able to pay its debts as they mature. 

  

	 	22.10	Purchaser has carefully studied and reviewed this Contract, including all Appendices and Exhibits attached hereto, and has become familiar with all its terms and provisions. 

 

	 	22.11	Supplier assumes no responsibility for any understandings or agreements made by any of its representatives during or prior to execution of this Contract unless such understandings or agreements are expressly stated in
this Contract. 

  

	 	22.12	The representations and warranties of Purchaser herein shall survive execution and termination of this Contract. 

23. INDEMNITY: 
  

	 	23.1	Supplier agrees to reimburse, indemnify, defend and hold harmless Purchaser, any Financing Party and their respective directors, officers, managers, employees and other Affiliates and assigns (the “Purchaser
Parties”) from and against any and all claims, damages, demands, liabilities, losses and other costs, including reasonable attorneys’ fees and expenses (collectively, “Damages”), asserted against or incurred by such
indemnitees to the extent resulting from any and all of the following: 

  

	 	(a)	any bodily injury, death or damage to property of a Third Party relating to or arising out of the manufacturing or Delivery of the PV Modules by Supplier or any Affiliate thereof, or anyone directly or indirectly
employed by any of them, or any subcontractor thereof; 

  
 24 

	 	(b)	Claims by any Government Authority for any Supplier Taxes; and 

  

	 	(c)	any material failure by Supplier to comply with Applicable Laws in the performance of its obligations under this Contract. 

  

	 	23.2	Purchaser agrees to reimburse, indemnify, defend and hold harmless Supplier, Supplier Parent Company, the provider of the Letter of Credit, and each of their Affiliates and their respective directors, officers,
employees, representatives, agents, advisors, consultants, counsel and assigns from and against any and all Damages asserted against or incurred by such indemnitees to the extent resulting from any and all of the following: 

 

	 	(a)	any bodily injury, death or physical damage to property relating to or arising out of the performance of Purchaser’s obligations under this Contract; 

 

	 	(b)	Claims by any Government Authority for any Purchaser Taxes; and 

  

	 	(c)	Any material failure by Purchaser to comply with Applicable Laws in the performance of its obligations under this Contract. 

  

	 	23.3	The rights of indemnity in this Article 23 shall not be exclusive with respect to any other right or remedy provided for hereunder or in equity or at law. The indemnification provisions of this Article 23 shall survive
the expiration or termination of this Contract. 

  

	 	23.4	Within thirty (30) days after receipt of a request for reimbursement, the indemnifying Party shall reimburse the indemnified Party for, and hold such Party harmless from, any Damages incurred by such indemnified
Party for which such Party is entitled to be held harmless by the indemnifying Party. If the indemnifying Party shall fail to contest and defend any claim for which it is obligated under this Article 23 within a reasonable time after receiving
notice thereof (but in no event not later than thirty (30) days after receiving such notice), the indemnified Party shall have the right, but not the duty, to defend any claim but may not settle any claim without the prior written consent of
the indemnifying Party, such consent not to be unreasonably withheld, conditioned or delayed. The amount of such claim determined to be due by way of suit, settlement or otherwise (and attorneys’ fees and other costs and expenses incident
thereto), shall immediately become due and payable by the indemnifying Party to the indemnified Party upon demand. 

  
 25 

 24. INSURANCE: 
  

	 	24.1	Before Delivery to any Project Site, Supplier shall procure and maintain the following minimum insurance with insurance companies rated “A-, VII” or higher by A.M. Best’s key Rating Guide, covering all
operations required to supply PV Modules in accordance with the terms hereof, in customary forms: 

  

	 	(a)	Workers’ Compensation Insurance for statutory obligations imposed by Workers’ Compensation or Occupational Disease Laws, including, where applicable, the United States Longshoremen’s and Harbor
Workers’ Act, the Federal Employers’ Liability Act and the Jones Act; 

  

	 	(b)	Employers’ Liability Insurance, including Occupational Disease, shall be provided with a limit of One Million Dollars ($1,000,000) per occurrence; 

 

	 	(c)	General Liability Insurance, including Broad Form Contractual Liability Coverage, Products/Completed Operations Liability Coverage, and Bodily Injury Liability and Property Damage Liability including coverage for damage
caused by explosion, collapse or structural injury, and contract liability coverage, with minimum limits of Five Million Dollars ($5,000,000) combined single limit per occurrence for Bodily Injury and Property Damage Liability. The
Products/Completed Operations Liability Insurance shall be provided for a period of at least one (1) year after the last Delivery of PV Modules to the Project Site; 

 

	 	(d)	Comprehensive Automobile Liability Insurance which shall apply to all owned, non-owned, leased and hired automobiles used by Supplier with minimum limits of liability as follows: 

 

	 	(i)	Bodily Injury Liability and Property Damage Liability - One Million Dollars ($1,000,000) combined single limit per occurrence. 

  

	 	(e)	Marine Cargo Insurance, including inland transit insurance, covering the full replacement cost of the PV Modules panels until Delivered to the Project Site; provided that Purchaser shall reimburse Supplier for the cost
of such insurance as a component of Delivery Charges. 

  

	 	24.2	In the event that any policy furnished by Supplier provides for coverage on a “claims made” basis, the retroactive date of the policy shall be the same as the effective date of the Contract, or such other
date, as to protect the interest of Purchaser Parties. Furthermore, for all policies furnished on a “claims made” basis, Supplier’s providing of such coverage shall survive the termination of the Contract and the expiration of any
applicable warranty period, pursuant to this Article 24, until the expiration of the maximum statutory period of limitations in the state in which the Project Site is located for actions based in contract or in tort. If coverage is on an
“occurrence” basis, Supplier shall maintain such insurance during the entire term of the Contract. 

  

	 	24.3	Supplier shall promptly provide evidence of the minimum coverage by providing an ACORD or other certificate of insurance acceptable to Purchaser. Neither Supplier’s failure to provide evidence of minimum coverage
of insurance following Purchaser’s request, nor Purchaser’s decision to not make such request, shall release Supplier from its obligation to maintain the minimum coverage provided for in this Article 24. 

  
 26 

	 	24.4	Except for the Workers’ Compensation and Employers’ Liability Insurance, Purchaser Parties shall be designated as an additional insured on Supplier’s insurance policy required to be maintained under the
Contract, and such policy shall be endorsed to be primary to any insurance that may be maintained by or on behalf of Purchaser Parties. All policies of insurance required to be maintained by Supplier hereunder shall: (i) provide a severability
of interests or cross liability clause; (ii) provide for waivers of subrogation; (iii) provide that Purchaser Parties be provided (a) thirty (30) days’ prior written notice of any non-renewals or cancellations and
(b) ten (10) days prior written notice of any non-payment of insurance premiums; and (iv) waive any right of subrogation against Purchaser Parties and waive any other right of the insurers to any off-set or counterclaim or any other
deduction, whether by attachment or otherwise, in respect of any liability of Purchaser Parties. 

  

	 	24.5	In the event Supplier performs any Warranty obligations at the Project Site, Supplier shall comply with the requirements in this Article 24 prior to commencing any such Warranty performance. 

 

	 	24.6	If Supplier shall fail to obtain and keep in force the insurance coverages required hereunder, Purchaser may, without limiting any other remedy it may have, obtain and keep in force any such insurance and pay such
premium or premiums as may be necessary for that purpose and recover from Supplier the cost of obtaining and maintaining such insurance. 

  

	 	24.7	In each case on written request from Purchaser, Supplier shall require all insurers under Supplier’s insurance policies to provide Purchaser, the Financing Parties and such other interested Persons as may be
designated by Purchaser with certificates of insurance, in form and substance acceptable to Purchaser, evidencing and describing the insurance policies and endorsements maintained hereunder upon commencement of any performance of obligations at the
Project Site, or upon issuance of such policies, if earlier, and on each issuance anniversary while such insurance is in effect. The certificates of insurance shall evidence and describe the insurance policies and endorsements, including the
requirements for the additional insured and waiver of subrogation. Notwithstanding anything to the contrary contained herein, evidence of such coverage shall be provided to Purchaser as a condition precedent to commencement of any performance of
obligation by Supplier at the Project Site. 

  

	 	24.8	Except as directed by Purchaser, Supplier shall be responsible for managing and administering all insurance policies required hereunder, including the payment of all deductibles and self-insured retention amounts, the
filing of all claims and the taking of all necessary and proper steps to collect any proceeds on behalf of the relevant insured Person. Supplier shall at all times keep Purchaser informed of the filing and progress of any claim. If Supplier shall
fail to perform these responsibilities, Purchaser may take such action as it determines appropriate under the circumstances. In the event Supplier collects proceeds on behalf of other Persons, it shall ensure that these are paid directly from the
insurers to the relevant Person and, in the event that it receives any such proceeds, it shall, unless otherwise directed by Purchaser, pay such proceed to such Party forthwith and prior thereto, hold the same in trust for the recipient.

  
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	 	24.9	Nothing in this Article 24 shall be deemed to limit Supplier’s liability under the Contract regardless of the insurance coverages required hereunder. No limitation of liability provided to Supplier under the
Contract is intended nor shall run to the benefit of any insurance company or in any way prejudice, alter, diminish, abridge or reduce, in any respect, the amount of proceeds of insurance otherwise payable to Purchaser or Purchaser Parties under
coverage required to be carried by Supplier under the Contract, it being the intent of the Parties that the full amount of insurance coverage bargained for be actually available notwithstanding any limitation of liability contained in the Contract,
if any. Purchaser assumes no responsibility for the solvency of any insurer or the failure of any insurer to settle any claim. 

 25.
WARRANTY: 
  

	 	25.1	Limited Warranty. Supplier shall deliver to Purchaser in respect of the PV Modules a limited warranty issued by Hanwha Q CELLS Corp. (“Module Warrantor”) as set forth in Appendix H, which is
incorporated by reference into this Contract (the “Limited Warranty”). Only Hanwha Q CELLS Corp. is responsible for providing the Limited Warranty, and Supplier shall have no obligations under the Limited Warranty.

  

	 	25.2	Purchaser’s Obligations. 

  

	 	(a)	Purchaser shall install and Commission the PV Modules in strict accordance with the installation and Commissioning requirements in the Installation Manual. Purchaser shall provide Supplier with its installation schedule
(on a block by block basis) not less than ten (10) days prior to the start of such installation of such block (such installation schedule assumes on time Delivery of all applicable PV Modules). Purchaser shall maintain records of all
performance tests including data collected during and resulting from each performance test, and upon Supplier’s request, Purchaser shall provide Supplier with a copy of such records upon completion of each such performance test.

  

	 	(b)	Following Commissioning and during the commercial operation of the PV Modules, Supplier shall have the right, upon reasonable prior notice to Purchaser, to enter the Project Site and observe and inspect the PV Modules.
Upon not less than ten (10) Business Days prior notice, Purchaser shall provide Supplier with access to its operations and maintenance logs for the PV Modules, and Supplier shall have the right to review and copy data from such logs as part of
Supplier’s review and analysis of PV Module performance. 

  
 28 

	 	(c)	Without limitation of Section 25.2(b), from and after Commissioning, Purchaser will provide Supplier with limited access to Purchaser’s performance and operating database for the Project and each PV Module;
provided that Supplier will reimburse Purchaser for any out-of-pocket costs incurred in connection with such data access. Supplier may use such data for its internal analysis, research and development, and for sales and marketing, and other
purposes, including providing such data to third parties, but unless Purchaser consents otherwise in its sole discretion, such disclosure shall be made without identifying Purchaser or the Project. 

 

	 	25.3	Exclusive Warranty. THE LIMITED WARRANTY SET FORTH IN APPENDIX H, IS THE EXCLUSIVE WARRANTY FOR THE PV MODULES AND NO OTHER WARRANTIES OF ANY KIND, WHETHER STATUTORY, EXPRESS, OR IMPLIED (INCLUDING ALL WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE), SHALL APPLY. EXCEPT AS OTHERWISE PROVIDED HEREIN, THE REMEDIES SET FORTH IN THE LIMITED WARRANTY ARE THE EXCLUSIVE REMEDIES
OF PURCHASER AND PURCHASER PARTIES FOR ANY FAILURE BY SUPPLIER OR ITS AFFILIATES TO COMPLY WITH THESE WARRANTY OBLIGATIONS. 

 26. TITLE
AND RISK OF LOSS: 
  

	 	26.1	Legal title to and ownership of the PV Modules shall pass to Purchaser, free and clear of any and all Liens other than as permitted under this Contract, at the Delivery Point once such PV Modules have passed through US
Customs; provided that under no circumstances shall passage of title and risk of loss be construed to impair any rights that Purchaser or Supplier may have for recovery of Damages. 

 

	 	26.2	Supplier shall bear the risk of loss and damage with respect to PV Modules, wherever located, until title thereto transfers to Purchaser pursuant to Section 26.1. Purchaser shall bear the risk of loss and damage
with respect to PV Modules wherever located, at and after title thereto transfers to Purchaser pursuant to Section 26.1. 

  
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 27. PROJECT POWER TESTING: 
  

	 	27.1	Project Power Capacity Tests. 

 Pursuant to Appendix J1, promptly upon the completion of the
Project Power Capacity Test, Purchaser shall deliver the results of same to Supplier for review and verification. Supplier shall be deemed to have passed the Project Power Capacity Test if the Actual Capacity of the PV Modules is equal to, or
greater than, [...***...]% of the Expected Nameplate Capacity of the PV Modules, and the other requirements to pass the Project Power Capacity Test have been satisfied. If the results of the Project Power Capacity Test indicate that the
completed Project failed to achieve the [...***...]% of the Expected Nameplate Capacity of the PV Modules for the completed Project or tested section of the Project, then Supplier shall pay to Purchaser the Initial Performance Liquidated
Damages pursuant to Appendix K which amount and any interest accumulated thereon shall be held in trust by Purchaser for the benefit of Supplier until the amount of any Final Liquidated Damages is determined pursuant to this Article 27. 

 

	 	27.2	Energy Production Test. 

  

	 	(a)	On the Capacity Test Date, Purchaser shall commence to perform the Energy Production Test (Year 1), in accordance with Appendix J2. Promptly upon the completion of the Energy Production Test (Year 1), Purchaser shall
deliver the results of same to Supplier for review and verification. 

  

	 	(b)	At the conclusion of the Energy Production Test (Year 1): 

  

	 	i.	if the results of the Energy Production Test (Year 1) reveal that the ratio, expressed as a percentage, of the Tested Modeled Energy Production in Year 1 for the completed Project to the Baseline Modeled Energy
Production for the completed Project, is equal to, or greater than, [...***...]%, then Purchaser shall promptly remit to Supplier any Initial Performance Liquidated Damages previously received by Purchaser plus any amount of interest accrued
thereon pursuant to Section 27.1; or 

  

	 	ii.	if the results of the Energy Production Test (Year 1) reveal that the ratio, expressed as a percentage, of the Tested Modeled Energy Production in Year 1 for the completed Project to the Baseline Modeled Energy
Production for the completed Project, is less than [...***...]%, Supplier may either: (1) elect not to cure any deficiencies related to PV Modules causing such deficiency, in which case Supplier shall pay to Purchaser Final Performance
Liquidated Damages pursuant to Appendix K; provided however, Supplier shall be entitled to a credit against any such liability in the amount of any Initial Performance Liquidated Damages previously paid by Supplier to Purchaser plus interest accrued
thereon pursuant to Section 27.1, with an amount equal to any excess credits being promptly payable by Purchaser to Supplier, or (2) elect by written notice to Purchaser not later than fifteen (15) Business Days after Supplier’s
receipt of such results to Cure any deficiencies in the completed Project and perform the Energy Production Test (Year 2), in accordance with Appendix J2. 

  

*      Confidential Treatment Requested 

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	 	(c)	At the conclusion of the Energy Production Test (Year 2): 

  

	 	i.	if the ratio, expressed as a percentage, of the Tested Modeled Energy Production in Year 2 for the completed Project to the Baseline Modeled Energy Production for the completed Project in Year 2, is equal to, or greater
than, [...***...]%, then Purchaser shall promptly remit to Supplier any Initial Performance Liquidated Damages previously received by Purchaser plus any amount of interest accrued thereon pursuant to Section 27.1; or 

 

	 	ii.	if the results of the Energy Production Test (Year 2) reveal that the ratio, expressed as a percentage, of the Tested Modeled Energy Production in Year 2 for the completed Project to the Baseline Modeled Energy
Production for the completed Project in Year 2, is less than [...***...]%, then Supplier shall pay to Purchaser Final Performance Liquidated Damages pursuant to Appendix K; provided however, Supplier shall be entitled to a credit against any
such liability in the amount of any Initial Performance Liquidated Damages previously paid by Supplier to Purchaser plus interest accrued thereon pursuant to Section 27.1, with an amount equal to any excess credits being promptly payable by
Purchaser to Supplier. 

  

	 	iii.	The payment of Initial Performance Liquidated Damages and Final Performance Liquidated Damages, if any, as provided in this Article 27 (collectively, “Performance Liquidated Damages”), shall be the sole
and exclusive remedy available to Purchaser resulting from the failure of the completed Project to achieve (i) the PV Module Nameplate Output, or (ii) the ratio, expressed as a percentage, of the Tested Modeled Energy Production in Year 1
for the completed Project to the Baseline Modeled Energy Production for the completed Project, equal to [...***...]%. 

  

	 	iv.	For any payments due under this Article 27, Purchaser shall promptly invoice Supplier, delineating the applicable amount due, and such payment shall be due to Purchaser thirty (30) days after such invoice is
conveyed to Supplier. 

  

	 	v.	Performance Liquidated Damages shall be capped at [...***...]% of the aggregate PV Module Price for all PV Modules to be delivered under this Contract. 

  

*      Confidential Treatment Requested 

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	 	27.3	Effect of Performance Liquidated Damages on Limited Warranty. 

 With respect to all PV Modules
for which Supplier has paid Purchaser Final Performance Liquidated Damages hereunder, the Performance Warranty under the Limited Warranty shall be modified to provide that, for purposes of determining whether annual degradation in power output is in
conformance with the Performance Warranty, the baseline guaranteed power output of the PV Module shall be reduced by the percentage amount of reduced PV Module Nameplate Output for which Supplier paid Final Performance Liquidated Damages hereunder.
By way of example, if Supplier has paid Final Performance Liquidated Damages in respect of a 5% shortfall in Tested Model Energy Production relative to Baseline Modeled Energy Production, then pursuant to Section 2(b) of the Limited Warranty
the warranted minimum power output of the PV Modules during the first 12 months following the Warranty Start Date shall be 92% (rather than 97%, as provided in Section 2(b) of the Limited Warranty), and annual degradation thereafter shall be
based on an assumed PV Module Nameplate Output that is 95% of the original PV Module Nameplate Output. 
 In the event that any shortfall in
Tested Modeled Energy Production is determined to be the result of a Product Defect (as defined in the Limited Warranty) and Supplier has paid Purchaser Final Performance Liquidated Damages hereunder in respect of such shortfall, then the Product
Warranty of the Limited Warranty shall not apply to such Product Defect, and neither Supplier nor the provider of the Limited Warranty shall be required to remedy such Product Defect that resulted in the payment of Final Performance Liquidated
Damages. 
 28. DELIVERY: 
 Supplier shall cause
Delivery of the PV Modules to occur on or prior to the respective Guaranteed Delivery Dates. Supplier shall not Deliver to the Project Site any PV Modules earlier than fourteen (14) days before their Guaranteed Delivery Date and the Purchaser
may refuse shipments at the Project Site for which Delivery is attempted prior to such date. Notwithstanding the transfer of title and risk of loss from Supplier to Purchaser pursuant to Section 26.2 hereof, Supplier shall cause Delivery of the
PV Modules from the Delivery Point to the Project Site in accordance with the terms of this Contract, including procurement of transportation and carriage, insurance and any other services necessary or expedient to such Delivery; provided, that
Purchaser shall be named on any policy of insurance as an additional named insured; and provided further, that upon reasonable prior written notice to Supplier, Purchaser may elect to place such insurance covering transportation of the PV Modules
from the Delivery Point to the Project Site (with Supplier being named as an additional named insured thereon). Purchaser shall be responsible for the cost of all transportation and carriage, insurance (including deductibles), or other services
associated with such Delivery. Upon the request of Supplier, Purchaser shall promptly execute any documents necessary in connection with such Delivery.

29. SCHEDULE LIQUIDATED DAMAGES: 
  

	 	29.1	If Supplier fails to Deliver any of the PV Modules to the Project Site on or prior to the applicable Guaranteed Delivery Date, then Supplier shall pay to Purchaser as the sole and exclusive remedy for such late Delivery
the amount of $[...***...] per day for each day of such delay after the Grace Period until such time as the number of Delivered PV Modules is equal to 100% of the aggregate quantity of PV Modules set forth in Exhibit C for all prior Guaranteed
Delivery Dates (“Schedule Liquidated Damages”). In the event that any of the PV Modules are not Delivered by the final Guaranteed Delivery Date, then Supplier shall pay to Purchaser as the sole and exclusive remedy for such late
Delivery Schedule Liquidated Damages in the amount of $[...***...] per day for each day of such delay after the Grace Period. 

  

*      Confidential Treatment Requested 

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	 	29.2	Any failure of Supplier to Deliver PV Modules by the applicable Guaranteed Delivery Dates described in this Article 29 will directly cause substantial Damages to Purchaser, which cannot be ascertained with reasonable
certainty, because of the difficulty of ascertaining the exact amount of Damages that would be sustained as a result of such failures. Therefore, the terms, conditions and amounts fixed pursuant to Section 29.1, as Schedule Liquidated Damages,
are reasonable, considering the Damages that Purchaser would sustain in the event Supplier fails to achieve any of the guarantees obligations described in this Article 29. 

 

	 	29.3	Schedule Liquidated Damages shall be capped at [...***...]% of the aggregate PV Module Price for all PV Modules to be delivered under this Contract. Payment of Schedule Liquidated Damages is the
Purchaser’s sole and exclusive remedy, and Supplier’s sole and exclusive liability, for any damages or liability arising from or relating to Supplier’s failure to meet the Guaranteed Delivery Date incurred because of any delays
resulting from such failures, subject to any right of Purchaser to terminate this Contract for cause pursuant to Article 33 as a result of such delays and any Cover Costs resulting therefrom. 

30. PAYMENT OF SCHEDULE LIQUIDATED DAMAGES: 
  

	 	30.1	Supplier shall pay Purchaser or apply as a credit to a Purchaser invoice any Schedule Liquidated Damages incurred pursuant to Article 29 within thirty (30) days after receipt of any statement(s) from Purchaser that
Schedule Liquidated Damages have been incurred under this Contract. 

  

	 	30.2	Supplier’s obligations to pay or credit such Schedule Liquidated Damages when and as provided in this Contract are absolute and unconditional and shall not be released, discharged, diminished, or in any way
affected by the permitted assignment by Purchaser of the Contract to any Person. 

  

	 	30.3	If Supplier has not complied with the obligations of Section 30.1 in the time period set forth therein, then Purchaser shall have the right to offset any such Schedule Liquidated Damages amount against any amounts
owing to Supplier by Purchaser except to the extent that all or any portion of the delay to which Purchaser has claimed Schedule Liquidated Damages are attributable is the subject of a Force Majeure or Purchaser-Caused Delay claim by Supplier. In
the event Supplier has notified Purchaser of a Force Majeure or Purchaser-Caused Delay claim, then Purchaser shall be entitled to offset only the undisputed portion of Schedule Liquidated Damages, based on Purchaser’s claimed delay in Delivery
of PV Modules relative to Supplier’s claimed delays due to Force Majeure or Purchaser-Caused Delay. 

  

*      Confidential Treatment Requested 

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 31. FORCE MAJEURE: 
  

	 	31.1	As used herein, the term “Force Majeure Event” means any act or event to the extent that it prevents or delays either Party from performing its obligations (other than the payment of money) under this
Contract or complying with any conditions required to be complied with under this Contract, if and to the extent that such act or event is beyond the reasonable control of and not the fault of such Party and to the extent that such Party, using due
diligence, was and is unable to prevent or mitigate the effects of such act or event. Force Majeure Events include, but are not limited to, armed conflict, riots, acts or threats of terrorism, epidemics, fires, explosions, floods, storms,
earthquakes, acts of God, extreme weather conditions, strikes, slowdowns or labor disputes, or any acts or omission by any governmental entity. Without limitation, Force Majeure Events do not include, strikes, lockouts, work stoppages or other labor
disputes relating solely to the labor forces utilized by either Party or any of its Affiliates; any labor or manpower shortages relating solely to the labor forces utilized by either Party or any of its Affiliates; or financial cost or economic
hardship (and for the avoidance of doubt, no Force Majeure Event shall excuse any payment obligation hereunder except to the extent that, and only for so long as, the affected Party’s ability to effectuate a payment due hereunder is curtailed
by a Force Majeure Event). Changes in Applicable Laws, Codes and Taxes (but only such Applicable Laws as are promulgated by Government Authorities of the United States) after the MSA Effective Date (“Excused Events”) shall
constitute Force Majeure for the purposes of determining the entitlement to a Change Order. 

  

	 	31.2	Neither Party shall be deemed to be in breach of this Contract to the extent that such Party’s performance is delayed or prevented by a Force Majeure Event. 

 

	 	31.3	A Party claiming Force Majeure shall, within five (5) Business Days after it knows of the occurrence of a Force Majeure Event that is likely to delay or prevent the performance of its obligations hereunder, notify
the other Party of such potential Force Majeure Event and provide particulars of the relevant event known at the time. Within ten (10) Business Days thereafter, the Party claiming Force Majeure shall provide in writing any further information
regarding the Force Majeure Event and if possible supporting evidence showing the anticipated impact on the performance of such Party’s obligations hereunder. 

  
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	 	31.4	So long as the conditions set forth in this Article 31 are satisfied, the time required to perform the obligations of each Party shall be to the extent that completion of such obligations has been delayed due to a Force
Majeure Event. The time required to perform the obligations of the Party claiming the Force Majeure Event shall be extended on the condition that: 

  

	 	(a)	The Party claiming the Force Majeure Event provides notification to the other Party by email, telephone or similar method by the time required in Section 31.3 and sends formal notice no later than ten
(10) days after the dates specified in Section 31.3 of its request for an extension of time to complete the specific obligations delayed due to the Force Majeure Event; 

 

	 	(b)	Such suspension of performance and extension of time shall be of no greater scope and of no longer duration than is required by the effects of the Force Majeure Event; 

 

	 	(c)	The Party claiming the Force Majeure Event shall comply with the requirements of this Article 31; and 

  

	 	(d)	The Party claiming the Force Majeure Event exercises commercially reasonable efforts to mitigate the cause and effect of the Force Majeure Event and remedy its inability to perform. 

 

	 	31.5	No Force Majeure Event shall relieve any Party from performing those of its obligations that are not affected by the Force Majeure Event. With the exception of Excused Events, Supplier claimed Force Majeure Events will
not entitle Supplier to an increase in the Contract Price and will only entitle Supplier to extensions of time hereunder. Purchaser claimed Force Majeure Events will entitle Supplier to an increase in the Contract Price and an extension of time
hereunder, but only for so long as is required to recover from such Force Majeure Event and not necessarily an amount of time equal to the duration of the Force Majeure Event. 

 

	 	31.6	In the event the affected Party fails to satisfy its obligations set forth in this Article 31 and the other Party is materially prejudiced or otherwise adversely affected thereby, the obligations under this Contract
shall remain the same, and the affected Party shall be obligated to perform, at its own expense, such measures as may be necessary to minimize the impact of such delay or be liable to the other Party for any additional expenses incurred by the other
Party as a result of such delay. 

 32. SUSPENSION FOR CONVENIENCE: 

 

	 	32.1	Purchaser may, at its convenience and in its sole discretion, by notice to Supplier, suspend at any time the Delivery of PV Modules for up to thirty (30) days. If any Delivery is suspended, the Guaranteed Delivery
Dates shall automatically be equitably extended for a period of time at least as long as the suspension period and such longer time as would be equitable considering the impact of the suspension on Supplier’s ability to perform. During the
period of suspension, Supplier shall use its reasonable efforts to utilize its resources in such a manner as to minimize costs associated with suspension. 

  
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	 	32.2	As full compensation for such suspension up to thirty (30) days, Supplier shall be reimbursed for the following direct costs, reasonably incurred, without duplication of any item, to the extent that such direct
costs result from such Purchaser’s suspension of: 

  

	 	(a)	All reasonable costs of protecting, preserving and properly storing any portion of the PV Modules not Delivered; and 

  

	 	(b)	If as a result of any such suspension of the PV Module supply the cost of subsequently performing the Supplier’s scope of supply is increased or decreased, an adjustment will be made for any incremental costs or
reduction in costs resulting from such suspension that are incurred or reduced in connection with performing the remaining portion of the supply of PV Modules. Such actual and demonstrable amount shall be determined by agreement of Supplier and
Purchaser. Any suspension in excess of thirty (30) days shall entitle Supplier to terminate this Contract. 

  

	 	32.3	Upon delivery of notice by Purchaser to Supplier before the expiration of the thirty (30) days, to resume suspended Delivery of PV Modules, Supplier shall work to promptly resume performance under the Contract;
provided, however, such notice shall not include any obligations on Supplier beyond those obligations set forth in this Contract. 

 33.
TERMINATION BY PURCHASER FOR CAUSE: 
  

	 	33.1	The occurrence of any of the following events shall constitute an event of default by Supplier (each a “Supplier Event of Default”): 

 

	 	(a)	any failure by Supplier to cause Delivery of any PV Modules within forty-five (45) days after the applicable Guaranteed Delivery Date; provided that with respect to Deliveries of PV Modules in October of 2016, such
forty-five (45) day period shall be reduced to fifteen (15) days; 

  

	 	(b)	any breach by Supplier of any material covenant or agreement hereunder, other than those breaches specified elsewhere in this Section 33.1, that is not cured by Supplier within thirty (30) days after notice
thereof from Purchaser, or if such breach is not capable of being cured within such period of thirty (30) days, Supplier fails to commence and thereafter diligently prosecute such cure and cure such breach within ninety (90) days after
notice thereof from Purchaser; 

  

	 	(c)	any of the following occurs: 

  

	 	i.	Supplier or Supplier Parent Company consents to the appointment of, or to the taking of possession by, a receiver, a trustee, custodian, or liquidator of itself or of a substantial part of its assets or fails to pay, or
admits in writing its inability to pay, its debts generally as they become due or makes a general assignment for the benefit of creditors; 

  
 36 

	 	ii.	Supplier or Supplier Parent Company files a voluntary petition in bankruptcy or a voluntary petition or an answer seeking reorganization in a proceeding under any applicable bankruptcy or insolvency laws or an answer
admitting the material allegations of a petition filed against it in any such proceeding or seeks relief by voluntary petition, answer or consent under the provisions of any bankruptcy, insolvency or other similar law providing for the liquidation,
reorganization, or winding up of corporations or providing for an agreement, composition, extension, or adjustment with its creditors; 

  

	 	iii.	a substantial part of Supplier’s or Supplier Parent Company assets is subject to the appointment of a receiver, trustee, liquidator, or custodian by court order, if such order remains in effect for more than thirty
(30) days; or 

  

	 	iv.	Supplier is adjudged bankrupt or insolvent, has any property sequestered by court order, if such order remains in effect for more than thirty (30) days, or has filed against it a petition under any bankruptcy,
reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, if such petition is not dismissed within thirty (30) days of such filing; and

  

	 	v.	dissolution of Supplier, except in a merger, consolidation or reorganization where the successor expressly assumes Supplier’s obligations hereunder and such assignment and assumption does not materially adversely
affect the ability of the successor to perform its obligations under the Contract and Supplier’s Parent Guaranty remains in full force and effect for the obligations of such successor. 

 

	 	(d)	The transfer by Supplier of all of its rights and/or obligations of Supplier hereunder, except for an assignment permitted hereunder. 

 

	 	(e)	Any failure of Supplier to maintain, or cause to be maintained, the Letter of Credit and the Supplier Parent Guaranty in accordance with the terms hereof unless Supplier has provided replacement credit support
acceptable to NEER within five (5) Business Days. 

  

	 	33.2	Upon the occurrence of a Supplier Event of Default, 

  

	 	(a)	Purchaser may, upon notice to Supplier, and without prejudice to any remedy available to Purchaser at law, in equity or under this Contract, terminate this Contract in its entirety without termination charge, penalty or
obligation solely due to such termination. 

  
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	 	(b)	Purchaser shall use commercially reasonable efforts to mitigate any Damages suffered by Purchaser due to the Supplier Event of Default. 

 

	 	33.3	If this Contract has been terminated in accordance with this Article 33, 

  

	 	(a)	Purchaser shall make payment for PV Modules Delivered to Purchaser in accordance with this Contract (including pursuant to subsection (b) below) and any obligation of Supplier with respect to such PV Modules shall
remain in effect. 

  

	 	(b)	Purchaser may require that Supplier Deliver to Purchaser all or part of the PV Modules that have passed the Supplier QA Process or were later in the shipping process and had been designated by Supplier for Delivery to
the Project prior to the effective date of termination, but only if Purchaser notifies Supplier prior to or within five (5) days of the effective date of such termination of Purchaser’s desire to receive such modules and Purchaser pays the
Contract Price for such PV Modules; provided, that Supplier shall not be liable for Schedule Liquidated Damages that otherwise may have accrued from and after the termination of this Contract in connection with Delivery of PV Modules pursuant to
this Section 33.3(b). 

  

	 	(c)	Purchaser shall have the right to procure from a third-party replacement photovoltaic modules in an amount equal to those PV Modules that had not been Delivered as of the effective date of such termination and were not
subject to a notice described in Section 33.3(b). If Purchaser acquires modules from a Third Party, Supplier shall be responsible for and shall reimburse Purchaser for the additional incremental module and transportation costs (when compared to
the PV Module Price and Delivery Charges Purchaser would have incurred under this Contract) actually incurred by Purchaser to acquire such replacement modules and have such replacement modules delivered to the Project Site (collectively,
“Cover Costs”); provided that the amount of Cover Costs shall not exceed the amount of PV Modules not Delivered multiplied by the amount per WDC set forth in Section A of Schedule 9 of the Master Supply Agreement. 

 

	 	33.4	Upon termination of this Contract by Purchaser, Purchaser’s sole and exclusive remedy (without duplication) for the Supplier Event of Default shall be the following: 

 

	 	(a)	following non-payment by Supplier of (i) the portion of the Secured Portion of the Upfront Payment that has not been applied to an invoice hereunder, and (ii) Cover Costs claimed by Project Company pursuant to
the terms of Section 17.3 of the Master Supply Agreement, within five (5) Business Days after termination of this Contract, NEER may proceed against the Letter of Credit for (x) the portion of the Upfront Payment described in
subsection (i) above, and (y) the Cover Costs described in subsection (ii) above; 

  
 38 

	 	(b)	Purchaser may seek reimbursement of Cover Costs, Schedule Liquidated Damages, Performance Liquidated Damages, indemnification obligations of Purchaser hereunder from Supplier; and 

 

	 	(c)	the extent any Cover Costs, Schedule Liquidated Damages, Performance Liquidated Damages, or indemnification obligations of Supplier hereunder are not reimbursed by Supplier, NEER may proceed against the Supplier Parent
Guaranty. 

 34. TERMINATION OR SUSPENSION BY SUPPLIER FOR CAUSE: 

Each of the following events shall be an event of default of Purchaser (each, a “Purchaser Event of Default”):
(i) Purchaser’s failure to pay to Supplier any required payment, if such failure continues for ten (10) days after written notice thereof has been received by Purchaser from Supplier; (ii) any material breach by Purchaser of any
representation or warranty contained in Article 22; (iii) any breach by Purchaser of any material covenant or agreement hereunder, other than those breaches specified elsewhere in this Article 34, that is not cured by Purchaser within thirty
(30) days after notice thereof from Purchaser; (iv) Purchaser is in material breach of its obligations under Article 12 hereunder; (v) any of the following occurs (a “Purchaser Insolvency Event”): (A) Purchaser
consents to the appointment of or taking possession by, a receiver, a trustee, custodian, or liquidator of itself or of a substantial part of its assets, or fails or admits in writing its inability to pay its debts generally as they become due, or
makes a general assignment for the benefit of creditors; (B) Purchaser files a voluntary petition in bankruptcy or a voluntary petition or an answer seeking reorganization in a proceeding under any applicable bankruptcy or insolvency laws or an
answer admitting the material allegations of a petition filed against it in any such proceeding, or seeks relief by voluntary petition, answer or consent, under the provisions of any now existing or future bankruptcy, insolvency or other similar law
providing for the liquidation, reorganization, or winding up of companies, or providing for an agreement, composition, extension, or adjustment with its creditors; (C) a substantial part of Purchaser’s assets are subject to the appointment
of a receiver, trustee, liquidator, or custodian by court order and such order shall remain in effect for more than thirty (30) days; or (D) Purchaser is adjudged bankrupt or insolvent, has any property sequestered by court order and such
order shall remain in effect for more than thirty (30) days, or has filed against it a petition or claim under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction,
whether now or hereafter in effect, and such petition shall not be dismissed within thirty (30) days of such filing; (vi) dissolution of Purchaser, except in a merger, consolidation or reorganization where the successor expressly assumes
Purchaser’s, as applicable, obligations hereunder and such assignment and assumption does not materially adversely affect the ability of the successor to perform its obligations under the Contract; or (vii) transfer by Purchaser of all of
the rights and/or obligations of Purchaser hereunder, except for an assignment permitted hereunder. Subject to any applicable cure rights in favor of any Financing Party set forth under a written consent and agreement, upon the occurrence of a
Purchaser Event of Default, Supplier may terminate this Contract upon written notice to Purchaser. In the event of any termination by Supplier in accordance with this Article 34, no later than five (5) Business Days after the date of such
termination Purchaser shall pay Supplier the amount determined in accordance with the Cancellation Schedule in Appendix B (“Cancellation Payment”) (which shall not be subject to Purchaser’s limitation of liability in
Section 53.2). After such termination, with the exception of claims for indemnification and any claims of Supplier which accrued prior to the date of termination, the payment obligation of Purchaser set forth in the preceding sentence shall be
Supplier’s sole and exclusive remedy for a Purchaser Event of Default. Supplier shall be entitled to retain and offset the amount of the Upfront Payment that has not been applied to an invoice hereunder against the Cancellation Payment due. The
Parties acknowledge and agree that Supplier’s Damages for a Purchaser Event of Default would be extremely difficult or impossible under the presently known and anticipated facts and circumstances to determine and fix, and the Cancellation
Payment constitutes a reasonable approximation of the harm to or loss of Supplier. If during a Purchaser Insolvency Event, Purchaser is in default of the payment related provisions hereunder then, Supplier immediately shall be entitled to suspend,
in whole or in part, in its sole discretion, the performance of its obligations hereunder until such time as Purchaser has cured such Purchaser Insolvency Event or Supplier has terminated this Contract in accordance with the provisions of
Section 34. 

  
 39 

 35. TERMINATION FOR CONVENIENCE: 

 

	 	35.1	Purchaser may by five (5) Business Days’ advance written notice to Supplier at its sole discretion and without prejudice to any other right or remedy, terminate at any time this Contract in its entirety for
its convenience. Subject to Supplier’s receipt of the Cancellation Payment, such termination shall be effective on the date set forth in such notice. If Purchaser elects to terminate this Contract in its entirety under this Article 35, then on
the date of such termination Purchaser shall pay Supplier an amount equal to the Cancellation Payment (which shall not be subject to Purchaser’s limitation of liability in Section 53.2), and upon such payment, settlement of all claims of
Supplier arising thereunder shall be made as follows: 

  

	 	(a)	Except for payment for PV Modules Delivered to Purchaser prior to such termination and any liability for outstanding claims and disputes, such payment of the Cancellation Payment shall be Purchaser’s sole
obligation and Supplier’s exclusive remedy for termination under this Article 35. 

  

	 	(b)	Supplier shall be entitled to retain and offset the amount of the Upfront Payment that has not been applied to an invoice hereunder against the Cancellation Payment due. 

  
 40 

	 	(c)	Subject to the payment in full by Purchaser of the Cancellation Payment, in the event the Cancellation Payment is equal to [...***...]% of the PV Module Price and Purchaser notifies Supplier prior to or within
five (5) days of the effective date of termination of Purchaser’s desire to receive such PV Modules and that Purchaser will pay Delivery Charges upon Delivery, in accordance with the terms of this Contract, Purchaser shall have the right
to: 

  

	 	(i)	have the applicable PV Modules delivered to Purchaser at the Project Site for use in the Project or delivered to storage in the continental United States (at Purchaser’s cost) for any other use by Purchaser and its
Affiliates; or 

  

	 	(ii)	offer to sell such PV Modules to Supplier (at current market prices) for resale to a Third Party. Within ten (10) Business Days following such offer to sell PV Modules to Supplier, Supplier shall notify Purchaser
in writing of the purchase price per Watt DC that Supplier is willing to pay for such PV Modules. If Purchaser accepts in writing Supplier’s price within five (5) Business Days thereafter, then Supplier shall purchase and Purchaser shall
sell such PV Modules for the agreed price, with settlement to occur within twenty (20) days thereafter. If Purchaser does not accept Supplier’s proposed price within such five (5) Business Day period, then Purchaser shall have the
right to sell the PV Modules for any prices it deems reasonable in its sole discretion. 

 Upon Purchaser’s delivery of
the notification to Supplier of Purchaser’s desire to receive the PV Modules, Purchaser shall have the obligation to pay the costs set forth in Section 35.1(c) in accordance with the terms thereof. 

 

	 	35.2	Any PV Modules Delivered to Purchaser pursuant to Section 35.1(c)(i) shall be subject to the Limited Warranty, but Supplier shall have no further obligations with respect thereto. After receipt of all amounts to be
paid by Purchaser pursuant to Section 35.1, Supplier shall not be entitled to receive any further payments under the Contract with respect to PV Modules not Delivered prior to such termination of the Contract. Upon final settlement, Supplier
shall furnish a general release of all applicable claims by Supplier against Purchaser related to such portion of the Contract this is terminated. 

  

	 	35.3	The Parties acknowledge and agree that Supplier’s Damages for a termination for convenience would be extremely difficult or impossible under the presently known and anticipated facts and circumstances to determine
and fix, and the Cancellation Payment constitutes a reasonable approximation of the harm to or loss of Supplier. 

  

*      Confidential Treatment Requested 

41 

 36. LETTER OF CREDIT: 
  

	 	36.1	Pursuant to the terms of the Master Supply Agreement, Supplier has provided to NEER, for the benefit of NEER and Purchaser, a Letter of Credit to secure a portion of the obligations of Supplier hereunder.

 37. DISPUTES AND CLAIMS: 
  

	 	37.1	Dispute Resolution Procedure. In the event of any dispute, controversy or claim arising out of or relating to any provision of this Contract or the interpretation, enforceability, performance, breach, termination
or validity hereof, including any dispute as to this Article 37 (a “Dispute”), the Parties will, in the first instance, attempt in good faith to resolve such Dispute by negotiations between senior executives of the Parties.

  

	 	37.2	Arbitration. 

  

	 	(a)	If, for any reason, the Dispute has not been resolved in writing pursuant to Section 37.1 within sixty (60) days after the delivery of a written request for such resolution, such Dispute shall be finally
settled under the Rules of Arbitration of the International Chamber of Commerce (the “ICC”) then in effect (the “Rules”), except as modified herein. 

 

	 	(b)	The arbitral tribunal shall be comprised of three (3) independent and impartial arbitrators. Each Party shall nominate one arbitrator in accordance with the Rules, and the two arbitrators so nominated shall
nominate a third arbitrator, who shall serve as the president of the arbitral tribunal, within twenty (20) days of the confirmation of the appointment of the second arbitrator. Any arbitrator not timely nominated herein shall, on the written
request of any party to the arbitration, be appointed by the Court of Arbitration of the ICC. 

  

	 	(c)	The arbitration proceedings shall be conducted in the English language, and all documents not in English submitted by any party as evidence shall be accompanied within a reasonable period of time to be determined by the
tribunal, by an English translation of the portion relied on therein. The seat of arbitration shall be Paris, France. 

  

	 	(d)	If the tribunal determines it required and necessary, each Party may request the other Party or Parties to produce certain specified documents or categories of documents relevant to the Dispute and material to its
outcome. In making any determination regarding the scope of production, the arbitral tribunal shall apply the International Bar Association Rules on the Taking of Evidence in International Commercial Arbitration. 

 

	 	(e)	The award shall be final and binding upon the Parties. Judgment upon any award may be entered in any court having jurisdiction thereof. 

  
 42 

	 	(f)	By agreeing to arbitration, the Parties do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings and the
enforcement of any award. 

  

	 	(g)	In order to facilitate the comprehensive resolution of related Disputes, the parties consent that any pending or contemplated arbitration hereunder may be consolidated with any other arbitration proceeding constituted
under this Contract or any arbitration proceeding constituted under another Project Supply Agreement or the Master Supply Agreement. An application for such consolidation may be made by any party to this Contract or any other Project Supply
Agreement or the Master Supply Agreement to the tribunal for the prior arbitration. Such tribunal shall, after providing all interested parties the opportunity to comment on such application, order that any such pending or contemplated arbitration
be consolidated into a prior arbitration if it determines that (i) there are issues of fact or law common to the proceedings so that a consolidated proceeding would be more efficient than separate proceedings, and (ii) no Party would be
unduly prejudiced as a result of such consolidation through undue delay or otherwise. For the avoidance of doubt, consolidation under this paragraph is intended to promote efficiency and to avoid the possibility of inconsistent awards, and to
prevent double recovery, and consolidation is therefore contemplated and understood to occur and apply to and between all parties to this Contract, any other Project Supply Agreement and the Master Supply Agreement. 

38. ASSIGNMENT; SECURITY INTERESTS: 
  

	 	38.1	Except as provided herein, Supplier shall not assign this Contract without prior written consent of the Purchaser, which shall not be unreasonably withheld, conditioned or delayed; provided, however, upon written notice
to Purchaser, the Supplier may at any time assign this Contract to an Affiliate. Upon such assignment to an Affiliate, Supplier shall continue to be liable for obligations under this Contract except to the extent expressly released by Purchaser in
writing. 

  

	 	38.2	Except as provided herein, Purchaser shall not assign this Contract without prior written consent of the Supplier, which shall not be unreasonably withheld, conditioned or delayed. 

 

	 	38.3	If this Contract or any portion thereof is assigned by a Party as permitted in this Article 38, it shall be binding upon and shall inure to the benefit of the permitted assignee. 

  
 43 

 39. INDEPENDENT CONTRACTOR: 

Supplier is at all times and shall remain an independent contractor and not an agent or employee of Purchaser or any of its Affiliates, solely responsible for
completing the supply and Delivery of PV Modules under this Contract with full power and authority to select the methods, means and manner of the supply and performance thereof. Purchaser retains no control or direction over Supplier, or over the
detail, manner or methods of the supply and Delivery of PV Modules by Supplier. 
 40. FINANCING PARTIES’ REQUIREMENTS: 

Supplier shall provide such assistance as Purchaser may reasonably request in connection with current, or obtaining future, debt or equity financing to or for
any projects in which the PV Modules will be installed by Purchaser. Supplier shall make available to the Purchaser and the Person providing such Financing Parties, on a confidential basis, any information reasonably requested relating to the PV
Modules and Supplier’s obligations under this Contract. Any Financing Parties shall be deemed to be representatives of Purchaser and any breach of the confidentiality obligations set forth in this Contract shall be a breach of this Contract by
Purchaser. Supplier shall furnish such reasonable and customary consents to assignment, estoppel certificates, certifications, lien waivers and representations as may be reasonably requested by such Financing Parties; provided that in no event shall
Supplier’s obligations be increased or its rights adversely affected pursuant to such consents, certificates, waivers or representations. At Purchaser’s reasonable request, Supplier shall cooperate with the independent engineer and
technical advisors, if any, of any Financing Parties. Purchaser shall reimburse Supplier for any legal fees and other reasonable costs and expenses incurred in connection with Supplier’s compliance with its obligations under this Article 40.

 41. CONFIDENTIALITY AND OWNERSHIP: 
  

	 	41.1	Each Party agrees that the contents of this Contract and any information relating to the negotiations or performance of this Contract and any confidential information provided pursuant to this Contract (the
“Confidential Information”) shall be treated as confidential and that each Party, without the prior written consent of the disclosing Party, shall not disclose Confidential Information to any Person, except as permitted herein.
Notwithstanding the foregoing, day-to-day notices and communications under this Contract shall not be considered Confidential Information unless it is specifically designated as proprietary and confidential. 

 

	 	41.2	Notwithstanding the foregoing, this Article 41 shall not prevent either Party from disclosing any Confidential Information, including the contents of the Contract, if and to the extent: 

 

	 	(a)	required to do so by Applicable Laws or any Government Authority, provided that the Party required to disclose such information shall give prior notice to the other of such required disclosure and, if so requested by
the other Party, shall use all reasonable efforts to oppose the requested disclosure as appropriate under the circumstances at the sole cost and expense of the disclosing Party; 

  
 44 

	 	(b)	disclosed to its Affiliates, Financing Parties (including potential Financing Parties), and their respective contractors (including potential contractors), employees, directors, officers, agents, advisors, insurers,
legal counsel or legal representatives with a need-to-know the Confidential Information for the purposes of effecting the transactions contemplated by this Contract, any financing arrangements in respect of any Project by NEER, or a permitted sale
or transfer of a Project by NEER; provided that such Persons are informed of the confidential nature of the Confidential Information, and the Party disclosing such information shall be liable to the other for any disclosure by its employees in
violation of the terms of this Article 41; 

  

	 	(c)	such information was already publicly available prior to disclosure by the disclosing Party to the other, or which after disclosure entered the public domain other than by a breach of this Article 41 by the other Party
or its Representatives; 

  

	 	(d)	such information was known to the recipient prior to the date of receipt of any of the Contract and not obtained or derived under or in connection with the Contract; 

 

	 	(e)	such information was obtained by the recipient from a Third Party whom such party reasonably believes to be in lawful possession of such information and not under a confidentiality obligation to the Party from whom such
information originated. 

  

	 	41.3	It is agreed that each Party shall be entitled to request the court provide injunctive relief in the event of any breach of this Article 41. 

 

	 	41.4	All right and title to, and interest in, Purchaser’s Confidential Information shall remain with Purchaser. All right and title to, and interest in, Supplier’s Confidential Information shall remain with
Supplier. 

  

	 	41.5	At any time upon written request by a disclosing Party, the other Party shall promptly return to the disclosing Party or destroy all its Confidential Information, including all copies thereof, and shall promptly purge
all electronic copies of such Confidential Information; provided that the other Party shall be entitled to keep copies of such Confidential Information in accordance with its record retention policies. The return of Confidential Information to the
disclosing Party, the purging of electronic copies of Confidential Information or the retention of a copy of Confidential Information for legal records shall not release a Party from its obligations hereunder with respect to such Confidential
Information. 

 42. GOVERNING LAW: 
 All
matters arising from or relating to this Contract shall be construed in accordance with and governed by the laws of the State of New York without giving effect to its conflict of laws provisions. The Convention on the International Sale of Goods is
hereby excluded and shall not apply. 

  
 45 

 43. SEVERABILITY OF PROVISIONS: 

If any provision of this Contract is determined to be void, unlawful, or otherwise unenforceable, that provision shall be severed from the remainder of the
Contract, and replaced automatically by a provision containing terms as nearly like the void, unlawful, or unenforceable provision as possible, or otherwise modified in such fashion as to preserve, to the maximum extent possible, the original intent
of the Parties, and the Contract, as so modified, shall continue in full force and effect. 
 44. SURVIVAL: 

The provisions of Section 12.1 and Section 12.2 (each to the extent of any PV Modules that are purchased and retained by Purchaser upon termination
of this Contract), Articles 4 (Order of Preference, Interpretation), 27 (Project Power Testing) (with respect to PV Modules Delivered and paid in full as of such termination for the term set forth in Appendix J1 and Appendix J2), 33 (Termination by
Purchaser for Cause) (for the term set forth in such Article), 34 (Termination by Supplier for Cause) (for the term set forth in such Article), 35 (Termination for Convenience) (for the term set forth in such Article), 37 (Disputes and Claims), 41
(Confidentiality and Ownership), 42 (Governing Law), 44 (Survival), 47 (Waiver of Consequential Damages), and 53 (Limitations of Liability) shall survive the termination of this Contract. 

45. NOTICE: 
  

	 	45.1	Whenever a provision of the Contract requires or permits any consent, approval, notice, request, or demand from one Party to another, the consent approval, notice, request, or demand must be in writing and delivered in
order to be effective. Any such consent approval, notice, request, or demand shall be deemed delivered and received if: 

  

	 	(a)	personally delivered or if delivered by overnight courier service, when actually received by the Party to whom notice is sent, at the address of such Party set forth below (or at such other address as such Party may
designate by written notice to the other Party in accordance with this Article 45); or 

  

	 	(b)	delivered by email on the day transmitted if before 5:00 p.m. and on the subsequent day if received after 5:00 p.m. New York time, and receipt is subsequently confirmed in writing by the recipient. 

  
 46 

 Supplier: 

Hanwha SolarOne U.S.A. Inc. 
 300
Spectrum Center Drive, Suite 1250 
 Irvine, CA 92618 

Telephone for confirmation: [...***...] 

Attn: [...***...] 
 Email:
[...***...] 
 and 

Telephone for confirmation: [...***...] 

Attn: [...***...] 
 Email:
[...***...] 
 With a copy to: 

Hanwha SolarOne U.S.A. Inc. 
 300
Spectrum Center Drive, Suite 1250 
 Irvine, CA 92618 

Telephone for confirmation: [...***...] 

Attn: [...***...] 
 Email:
[...***...] 
 Purchaser: 

NextEra Energy Resources, LLC 

700 Universe Boulevard 
 Juno
Beach, FL 33408-2683 
 Attn: VP Integrated Supply Chain 

Telephone: [...***...] 

Email: [...***...] 
 With
a copy to: 
 NextEra Energy Resources, LLC 

700 Universe Boulevard 
 Juno
Beach, FL 33408-2683 
 Attn: General Counsel 

Telephone: [...***...] 

Email: [...***...] 

  

*      Confidential Treatment Requested 

47 

 46. FURTHER ASSURANCES: 

Purchaser and Supplier agree to provide such information, execute and deliver any instruments and documents and to take such other actions as may be necessary
and reasonably requested by the other Party which are not inconsistent with the provisions of this Contract and which do not involve the assumptions of obligations other than those provided for in this Contract, in order to give full effect to this
Contract and to carry out the intent of this Contract. 
 47. WAIVER OF CONSEQUENTIAL DAMAGES: 

NO PARTY SHALL BE LIABLE TO THE ANOTHER PARTY FOR CONSEQUENTIAL, SPECIAL, EXEMPLARY, INDIRECT OR INCIDENTAL LOSSES OR DAMAGES ARISING FROM OR RELATING TO THIS
CONTRACT, AND SUPPLIER AND PURCHASER EACH HEREBY RELEASES THE OTHER FROM SUCH LOSSES OR DAMAGES, INCLUDING LOSS OF PROFITS. THE FOREGOING LIMITATION SHALL NOT: (I) PRECLUDE RECOVERY, WHERE APPLICABLE, OF THE CANCELLATION PAYMENT, LIQUIDATED
DAMAGES OR COVER COSTS (SUBJECT TO SECTION 17.3 OF THE MASTER SUPPLY AGREEMENT); OR (II) APPLY TO ANY INDEMNIFICATION OBLIGATION RELATING TO CLAIMS BY THIRD PARTIES, AND CLAIMS BASED ON GROSS NEGLIGENCE, WILLFUL MISCONDUCT, OR FRAUD. 

48. [INTENTIONALLY OMITTED]: 
 49. EXPENSES: 

Each Party shall pay its own costs and expenses in relation to the negotiation, preparation, execution and carrying into effect of the Contract. 

50. NO THIRD PARTY BENEFICIARY: 
 Nothing in the Contract
nor any action taken hereunder shall be construed to create any duty, liability or standard of care to any Person that is not a Party, and no Person that is not a Party shall have any rights or interest, direct or indirect, in the Contract or the
services to be provided hereunder. The Contract is intended solely for the benefit of the Parties, and the Parties expressly disclaim any intent to create any rights in any third party as a third-party beneficiary to the Contract or the services to
be provided hereunder. 
 51. [INTENTIONALLY OMITTED] 

52. COUNTERPARTS: 
 This Contract may be signed in
counterparts and delivered by email or otherwise permitted by Applicable Laws, each such counterpart (whether delivered by email or otherwise), when executed, shall be deemed an original and all of which together constitute one and the same
agreement. 

  
 48 

 53. LIMITATIONS OF LIABILITY: 

 

	 	53.1	Supplier’s maximum liability arising under or related to this Contract shall be as set forth in Section 17.2 of the Master Supply Agreement; provided, however, that such limitation of liability shall not apply
to (i) Supplier’s indemnification obligations under Article 23 of this Contract or (ii) any loss or damage arising out of its fraud or willful misconduct. Supplier’s limitations of liability shall not be reduced by the amount of
insurance proceeds available to Supplier. Notwithstanding anything to the contrary in this Contract, there shall be no duplication of recovery by Supplier or Purchaser, including their Affiliates and permitted assigns and successors, under this
Contract and the Master Supply Agreement. For the avoidance of doubt, Module Warrantor’s liability under the Limited Warranty shall not be subject to Supplier’s limitation of liability set forth in the Master Supply Agreement.

  

	 	53.2	Purchaser’s maximum liability arising under or related to this Contract shall be as provided in Section 17.5 of the Master Supply Agreement; provided, however, that such limitation of liability shall not apply
to (i) Purchaser’s indemnification obligations under Article 23 of this Contract, (ii) any loss or damage arising out of fraud or willful misconduct, or (iii) Purchaser’s obligation to pay the amount of any Cancellation
Payment. Except as provided in Section 17.2, Supplier’s sole recourse for any Damages or liabilities due to Supplier by Purchaser pursuant to this Contract shall be limited to the assets of Purchaser without recourse individually or
collectively to the assets of the members or the Affiliates of Purchaser or their respective officers, directors, employees or agents of Purchaser, its members or their Affiliates. 

54. COMPLETE AGREEMENT AND NONWAIVER: 
  

	 	54.1	This Contract and Sections 2.2(b), 2.2(c), 17.2, 17.3, 17.5, 19 and 20 of the Master Supply Agreement which Sections are incorporated herein by reference is intended as the complete and exclusive statement of the terms
of the agreement between the Parties. In the event of a conflict between the terms of the Master Supply Agreement and this Contract, the terms of the Master Supply Agreement shall control. Except as specifically provided herein, this Contract shall
not be amended or modified, and no waiver of any provision hereof shall be effective, unless set forth in a written instrument executed by the Parties. 

  

	 	54.2	Failure by either Party to enforce any provisions hereof, Party’s failure or delay in exercising any rights or remedies provided herein or by law, or any purported oral modification or rescission of this Contract
by an employee or agent of such Party, respectively, shall neither relieve nor release the other Party from any of its obligations under this Contract, shall not be deemed a waiver of any rights of such Party to insist upon strict performance hereof
or of any of such Party’s rights or remedies under this Contract or by law, and shall not operate as a waiver of any of the provisions hereof. 

  
 49 

 [Remainder of Page Left Intentionally Blank; Signatures on Following Page] 

  
 50 

 IN WITNESS WHEREOF, the Parties have caused this Contract to be executed by their duly authorized
representatives as of the date and year first above written. 
 Supplier: 

HANWHA SOLARONE U.S.A. INC. 
  

			
	By:		  

	Name:		
	Title:		
	
	Purchaser:
	
	NEXTERA ENERGY RESOURCES, LLC
		
	By:		  

	Name:		
	Title:		

 Schedule 3 

Schedule of Cancellation Payments 
 For
each Project, NEER shall be obligated to pay Supplier the Cancellation Payment amount set forth under the applicable columns labeled (A) through (D) on a cumulative basis (for example, with respect to the termination of the project named
[...***...] (“Project [...***...]”), if such termination occurs on 8/1/2015, then the Cancellation Payment will equal to the sum of the amounts under columns (A) and (B) for Project [...***...]). As used
below, “Ship Date” means the date that is 6 weeks prior to the initial Guaranteed Delivery Date. 
  

													
	 	  	 	 	 	 	Cancellation Payment
	 No.
	  	Project
Name	 	State	 	(A) Agreement terminated
after the Effective Date but on
or before 7/31/2015	 	(B) Agreement terminated on
or after 8/1/2015 but before
the date that 
is 90-days prior
to the Ship Date	 	(C) Agreement terminated on
or after the date that is 90-days
prior 
to the Ship Date, but
before the date that is 30-days
prior to the Ship Date	 	(D) Agreement terminated on
or after the date that is 30-days
prior 
to the Ship Date
	 1
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 2
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 3
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 4
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 5
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 6
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 7
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 8
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 9
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 10
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 11
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 12
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 13
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 14
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 15
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 16
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 17
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 18
	  	[...***...]	 	[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]

  

*      Confidential Treatment Requested 

 Schedule 4 

Schedule of Projects 
 Set forth below is
a list of all of the Projects and the delivery dates for each Project, by which Supplier guarantees Delivery of the respective quantities of PV Modules (in MW) set forth below such delivery date. 

 

																									
	 	  	 Guaranteed Delivery Dates and
Delivery
Quantities (in MW)
	  	2-Oct-15	  	9-Oct-15	  	16-Oct-15	  	23-Oct-15	  	30-Oct-15	  	6-Nov-15	  	13-Nov-15	  	20-Nov-15	  	27-Nov-15
	 	  	 Project Name
	  	 State
	  	 Total
(MW)
	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  		  		  		  		  		  		  		  		  	
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  		  		  		  		  		  	[***]	  	[***]	  	[***]	  	[***]
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  		  		  		  		  		  		  		  		  	
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  		  		  		  		  		  		  		  		  	
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  		  		  		  		  		  		  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  		  		  		  		  		  		  		  		  	
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  		  		  		  		  		  		  		  		  	
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  	
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  	
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  		  		  		  		  		  		  		  		  	
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	

  
 (continued on the following page) 

*      Confidential Treatment Requested 

																									
	 	  	 Guaranteed Delivery Dates and
Delivery
Quantities (in MW)
	  	4-Dec-15	  	11-Dec-15	  	18-Dec-15	  	25-Dec-15	  	1-Jan-16	  	8-Jan-16	  	15-Jan-16	  	22-Jan-16	  	29-Jan-16
	 	  	 Project Name
	  	 State
	  	 Total

(MW)
	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  		  		  		  		  		  		  		  		  	
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  		  		  		  		  		  	[***]	  	[***]	  	[***]	  	[***]
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  		  		  		  		  		  		  		  		  	
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  		  		  		  		  		  		  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  		  		  		  		  		  		  		  		  	
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  		  		  		  		  		  		  		  		  	[***]
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  	
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  	
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  		  		  		  		  		  		  		  		  	
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	

  
 (continued on the following page) 

*      Confidential Treatment Requested 

																											
	 	  	 Guaranteed Delivery Dates and

Delivery Quantities (in MW)
	  	5-Feb-16	  	12-Feb-16	  	19-Feb-16	  	26-Feb-16	  	4-Mar-16	  	11-Mar-16	  	18-Mar-16	  	25-Mar-16	  	1-Apr-16	  	8-Apr-16
	 	  	 Project Name
	  	 State
	  	 Total
(MW)
	  	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  		  		  		  		  		  		  		  		  		  	
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  		  		  		  		  		  		  		  		  		  	
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  		  		  		  		  		  		  		  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  		  		  	
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  		  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  		  	
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  		  	
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  		  	
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  		  		  		  		  		  		  		  		  		  	
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	

  
 (continued on the following page) 

*      Confidential Treatment Requested 

																											
	 	  	 Guaranteed Delivery Dates and
Delivery
Quantities (MW)
	  	15-Apr-16	  	22-Apr-16	  	29-Apr-16	  	6-May-16	  	13-May-16	  	20-May-16	  	27-May-16	  	3-Jun-16	  	10-Jun-16	  	17-Jun-16
	 	  	 Project Name
	  	 State
	  	 Total
(MW)
	  	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  		  		  		  		  		  		  		  		  		  	[***]
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  	[***]	  	[***]	  	[***]	  		  		  		  		  		  		  	
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  		  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	[***]	  	[***]
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  		  		  		  		  		  		  		  		  		  	
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  	[***]	  	[***]	  	[***]
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  	[***]	  	[***]	  	[***]
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  		  		  		  		  		  		  		  		  		  	
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  	[***]	  		  		  		  		  		  		  		  		  	
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  		  		  		  		  		  		  		  		  		  	
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	
												
	 	  	 Guaranteed Delivery Dates and
Delivery
Quantities (MW)
	  	24-Jun-16	  	1-Jul-16	  	8-Jul-16	  	15-Jul-16	  	22-Jul-16	  	29-Jul-16	  	5-Aug-16	  	12-Aug-16	  	19-Aug-16	  	26-Aug-16
	 	  	 Project Name
	  	 State
	  	 Total
(MW)
	  	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  		  		  		  		  		  		  		  		  		  	
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  		  		  		  		  		  		  		  		  		  	
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  	[***]	  	[***]	  		  		  		  		  		  		  		  	
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  	[***]	  	[***]	  	[***]	  	[***]
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  		  		  		  		  		  		  		  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  		  		  		  		  		  		  		  		  		  	
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  	[***]	  	[***]	  		  		  		  		  		  		  		  	
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  		  	
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  	[***]	  	[***]	  	[***]	  		  		  		  		  		  		  	
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  		  		  		  		  		  		  	[***]	  	[***]	  	[***]	  	[***]
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  		  	

  

*      Confidential Treatment Requested 

 

																									
	 	  	 Guaranteed Delivery Dates and
Delivery
Quantities (MW)
	  	2-Sep-16	  	9-Sep-16	  	16-Sep-16	  	23-Sep-16	  	30-Sep-16	  	7-Oct-16	  	14-Oct-16	  	21-Oct-16	  	28-Oct-16
	 	  	 Project Name
	  	 State
	  	 Total
(MW)
	  	  	  	  	  	  	  	  	  
	 1
	  	[...***...]	  	 [...***...]
	  	93.59	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	
	 2
	  	[...***...]	  	 [...***...]
	  	148.65	  		  		  		  		  		  		  		  		  	
	 3
	  	[...***...]	  	 [...***...]
	  	112.81	  		  		  		  		  		  		  		  		  	
	 4
	  	[...***...]	  	 [...***...]
	  	73.87	  		  		  		  		  		  		  		  		  	
	 5
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 6
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  		  		  		  		  		  		  	
	 7
	  	[...***...]	  	 [...***...]
	  	28.03	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	
	 8
	  	[...***...]	  	 [...***...]
	  	20.03	  		  		  		  		  		  		  		  		  	
	 9
	  	[...***...]	  	 [...***...]
	  	147.65	  		  		  		  		  		  		  		  		  	
	 10
	  	[...***...]	  	 [...***...]
	  	167.77	  	[***]	  		  		  		  		  		  		  		  	
	 11
	  	[...***...]	  	 [...***...]
	  	112.11	  		  		  		  		  		  		  		  		  	
	 12
	  	[...***...]	  	 [...***...]
	  	111.86	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	
	 13
	  	[...***...]	  	 [...***...]
	  	111.86	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	
	 14
	  	[...***...]	  	 [...***...]
	  	111.86	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 15
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  	
	 16
	  	[...***...]	  	 [...***...]
	  	94.59	  		  		  		  		  		  		  		  		  	
	 17
	  	[...***...]	  	 [...***...]
	  	26.39	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	
	 18
	  	[...***...]	  	 [...***...]
	  	28.03	  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]

  

*      Confidential Treatment Requested 

2 

 Schedule 5 

Form of Letter of Credit 
 IRREVOCABLE
STANDBY LETTER OF CREDIT 
 Standby Letter of Credit No:              

To: NextEra Energy Resources, LLC, a Delaware limited liability company 

Date: 
 Expiration Date: The “Expiration Date” (as
hereinafter defined) 
 Amount: US$[...***...] 
  

	 	1.	We, THE EXPORT-IMPORT BANK OF KOREA (“EXIMBANK”) whose principal office is registered at 38 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, 150-996, Republic of Korea, hereby establish this irrevocable Standby
Letter of Credit (this “Letter of Credit”) in favor of NextEra Energy Resources, LLC, a Delaware limited liability company, having an address at 700 Universe Boulevard, Juno Beach, Florida 33408 (“Beneficiary”), for
the account of Hanwha SolarOne U.S.A. Inc., a California corporation (“Applicant”), to secure performance of Applicant’s obligations with respect to (a) repayment of the Upfront Payment to the extent it has not been
applied to an invoice for the payment of a photovoltaic module and (b) Cover Costs (as defined in the MSA and each PSA) under, and in accordance with the terms and conditions of, the Photovoltaic Module Master Supply Agreement dated as of
April 11, 2015 by and between Beneficiary and Applicant (the MSA”) for supply of Photovoltaic Modules pursuant to one or more Project Supply Agreements, each by and between Beneficiary or an affiliate of Beneficiary as Purchaser and
Applicant as Supplier (each, a “PSA”), and hereby irrevocably undertakes to pay to you up to but not exceeding US$[...***...] (the “Original Stated Amount”), against presentation of Beneficiary’s draft at
sight drawn on us for all or any part of this Letter of Credit no later than [     pm Seoul, Korea time on] the Expiration Date (as hereinafter defined) and when accompanied by a written statement in the form of Annex 2
hereto, duly completed and purportedly bearing the signature of a representative of Beneficiary. 

  

	 	2.	This Letter of Credit shall take effect automatically on the receipt of the Upfront Payment by Applicant and be of no further force or effect upon the close of business on the earlier of (a) December 31, 2016,
and (b) the date upon which all of the Original Stated Amount has been drawn or otherwise reduced to zero in accordance with the terms hereof (the date of the earlier to occur of (a) or (b) is referred to herein as the
“Expiration Date”). 

  

	 	3.	Documents under this Letter of Credit shall be presented by Beneficiary by personal delivery to EXIMBANK at 38 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, 150-996, the Republic of Korea, including the original of this Letter
of Credit, it being understood that each Document so submitted is to be the sole operative instrument of drawing. You shall use your best efforts to give telephonic notice of a drawing to EXIMBANK at
[(        )             ] on the business day (“Business Day,” which shall mean any day other than (a) a Saturday
or Sunday, or (b) a day on which commercial banks located in Seoul, Korea, are required or authorized to close) preceding the day of such drawing (but such notice shall not be a condition to drawing hereunder and you shall have no liability for
not doing so). 

  

*      Confidential Treatment Requested 

1 

	 	4.	Partial and multiple drawings are permitted under this Letter of Credit. 

  

	 	5.	This Letter of Credit sets forth in full the terms of our undertaking. This undertaking shall not in any way be modified, amended, or amplified by reference to any document or contract referred to herein, except as
expressly provided herein. 

  

	 	6.	We hereby agree with you that draft(s) drawn under and in compliance with the terms and conditions of this Letter of Credit shall be duly honored if presented, together with the original of this Letter of Credit and
other documents as expressly required hereunder, to EXIMBANK on or before the Expiration Date. 

  

	 	7.	The “Available Amount” of this Letter of Credit shall mean the Original Stated Amount, as reduced by (i) prior drawings paid by EXIMBANK hereunder, and (ii) reductions made pursuant to
reduction certificates in the form of (x) Annex 3 hereto, duly completed and purportedly bearing the signature of a representative of Applicant and the countersignature of Beneficiary, and/or (y) if applicable, Annex 4 hereto, duly
completed and purportedly bearing the signature of a representative of Applicant and the countersignature of the Auditor, all pursuant to the MSA. 

  

	 	8.	All payments hereunder shall be made in United States Dollars without set-off or counterclaim and free and clear of and without deduction or withholding for or on account of any present or future taxes of whatsoever
nature, and without any liability for taxes. 

  

	 	9.	If a demand for payment made by you hereunder does not, in any instance, conform to the terms and conditions of this Letter of Credit, we shall give you prompt notice that the demand for payment was not effected in
accordance with the terms and conditions of this Letter of Credit, stating the reasons therefor and that we will upon your instructions hold any documents at your disposal or return the same to you. Upon being notified that the demand for payment
was not effected in conformity with this Letter of Credit, you may attempt to correct any such nonconforming demand for payment in accordance with the terms hereof. 

 

	 	10.	In the event that the original of this Letter of Credit (the “Existing Letter of Credit”) is lost, stolen, mutilated, or otherwise destroyed, EXIMBANK hereby agrees to issue a duplicate original hereof
upon receipt of a written request from Beneficiary and a certification by Beneficiary (signed by the Beneficiary’s authorized representative) of the loss, theft, mutilation, or other destruction of the original hereof; provided that the
Beneficiary agrees to provide an indemnification in form satisfactory to us that provides the Beneficiary shall indemnify and save us harmless from and against any and all claims, actions and suits, and from and against any and all liabilities,
damages, fees, judgments, losses, damages, costs, charges, reasonable counsel fees and other expenses of every nature and character, to the extent arising out of (i) the event that the Existing Letter of Credit is received or located by the
Beneficiary at any time and not immediately surrendered to us for cancellation, (ii) any claim by any person claiming to have entitlement to any payment under or in connection with the Existing Letter of Credit or to any other right title or
interest thereunder, or (iii) the issuance of new instruments in lieu of the Existing Letter of Credit; provided that the Beneficiary shall not be required to indemnify us nor hold us harmless from and against any or all claims, actions,
suits, losses, damages, costs, charges or expenses which may arise or be incurred by us as a result of our own gross negligence or willful misconduct. 

  
 2 

	 	11.	Beneficiary shall not assign or otherwise transfer the benefit of this Letter of Credit or any of its rights, duties or obligations under this Letter of Credit. 

 

	 	12.	Credit under this Letter of Credit, by its nature, is a separate transaction from the MSA, the PSA or other agreement(s) on which it may be based and the EXIMBANK is in no way concerned with or bound by such
agreement(s), even if any reference whatsoever to such agreement(s) is included in this Letter of Credit. Consequently, the undertaking of the EXIMBANK to pay and/or to fulfill other obligation under this Letter of Credit, is not subject to claims
or defenses by the Applicant resulting from its relationships with the EXIMBANK or the Beneficiary. For the avoidance of doubt, this paragraph 12 is subject to the terms of the ISP98 and the laws of the Republic of Korea as set forth in paragraph 13
below. 

  

	 	13.	To the extent not inconsistent with the express terms hereof, this Letter of Credit shall be governed by, and construed in accordance with, the terms of the International Standby Practices 1998, International Chamber of
Commerce Publication No. 590 (the “ISP98”). As to matters not governed by the ISP98, this Letter of Credit shall be governed by and construed in accordance with the laws of the Republic of Korea, without regard to conflict of laws.

  

	 	14.	All capitalized terms not defined herein shall have the meanings ascribed to them under MSA and the applicable PSA, as the case may be. 

Yours Faithfully, 
 THE EXPORT-IMPORT BANK OF KOREA 

  
 3 

 ANNEX 1 TO THE EXPORT-IMPORT BANK OF KOREA 

IRREVOCABLE STANDBY 
 LETTER OF
CREDIT NO. [                    ] 

Reductions of Stated Amount of Letter of Credit and Maximum Amount Allocated for Upfront Payment and Cover Costs 

As the number of MWdc of Photovoltaic Modules remaining to be delivered is reduced by deliveries of Photovoltaic Modules made pursuant to and in accordance
with the terms of the MSA and the relevant PSAs or otherwise, the Available Amount of the Letter of Credit may be reduced to the amount set forth below for the corresponding amount of MWdc of Photovoltaic Modules remaining to be delivered, as
certified by the Applicant in a Certificate in the form of (x) Annex 3 hereto and/or (y) if applicable, Annex 4 hereto, both in accordance with the terms of the MSA. 

 

							
	 MWdc Remaining

to be Delivered
	 	 Letter of Credit

Step Down ($ MM)
	 	 Letter of Credit

Available for
 Upfront
Payment
 ($ MM)
	 	 Letter of Credit

Available for Cover
 Cost ($
MM)

	 1539.75
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1500
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1400
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1300
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1200
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1100
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1000
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 900
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 800
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 700
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 600
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 500
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 400
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 300
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 200
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 100
	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 0
	 	$[...***...]	 	$[...***...]	 	$[...***...]

 The amounts set forth in table above may be reduced from time to time pursuant to Schedule 9 of the MSA 

  

*      Confidential Treatment Requested. 

4 

 ANNEX 2 TO THE EXPORT-IMPORT BANK OF KOREA 

IRREVOCABLE STANDBY 
 LETTER OF
CREDIT NO. [                    ] 

Date:             ,
          
 The Export-Import Bank of Korea 

38 Eunhaeng-ro 
 Yeongdeungpo-gu 

Seoul, 150-996 
 Republic of Korea 

“Drawn under The Export-Import Bank of Korea Irrevocable Standby Letter of Credit
No. [                    ], dated April     , 2015.” 

Ladies and Gentlemen: 
 The undersigned
                    , the duly elected and acting
                     of NextEra Energy Resources, LLC, a Delaware limited liability company (“Beneficiary”), hereby certifies
to The Export-Import Bank of Korea (“EXIMBANK”), and Hanwha SolarOne U.S.A. Inc., a California corporation (“Applicant”), with reference to Irrevocable Standby Letter of Credit
No. [                    ] dated             , 2015 (the
“Letter of Credit”), issued by EXIMBANK in favor of Beneficiary, as follows as of the date hereof: 
  

	1.	Beneficiary is a party to that certain Photovoltaic Module Master Supply Agreement, dated as of April 11, 2015 (the “MSA”), between Beneficiary and Applicant, and in connection therewith [PROJECT
COMPANY, a                             ] (“Purchaser”), has entered into certain
Project Supply Agreements for Photovoltaic Modules (the “PSA”), each by and between Beneficiary or an affiliate of Beneficiary as Purchaser and Applicant as Supplier. 

 

	2.	Having provided not less than five (5) Business Days’ written notice of draw to Applicant, Beneficiary is entitled to draw under the Letter of Credit an amount equal to
$         in accordance with the provisions of the MSA and/or the PSA because [check applicable]: 

  

	 	 ̈	An Event of Default of Applicant has occurred and as a result of such Event of Default, the MSA has been terminated by Beneficiary in accordance with the terms thereof. 

 

	 	 ̈	An Event of Default of Applicant has occurred and as a result of such Event of Default, a PSA has been terminated by Beneficiary in accordance with the terms thereof 

 

	 	 ̈	An Insolvency Event with respect to Applicant has occurred and is continuing, Applicant has failed to meet a Guaranteed Delivery Date under a PSA and such failure has continued for no less than 45 days.

  
 5 

	3.	Based upon the foregoing, Beneficiary hereby makes demand under the Letter of Credit for payment of U.S. DOLLARS              AND
    /100ths (U.S.$         ) consisting of $         for repayment of the Upfront Payment and/or
$         for the Cover Costs, which amount does not exceed the Available Amount under the Letter of Credit as of the date hereof. 

 

	4.	Beneficiary hereby certifies that it has delivered all the necessary termination notices to the Applicant pursuant to the terms of MSA and/or the applicable PSA, as the case may be. 

 

	5.	Funds paid pursuant to the provisions of the Letter of Credit shall be wire transferred to Beneficiary in accordance with the following instructions: 

 

	
	                                     
                           
	ABA Number
                                        

	Account Number
                                  
	Attention:
                                         
     
	Re:
                                         
               

 Unless otherwise provided herein, capitalized terms which are used and not defined herein shall have the
meaning given each such term in the Letter of Credit. 
 IN WITNESS WHEREOF, this Certificate has been duly executed and delivered on behalf
of Beneficiary by its duly elected and acting                      as of this      day of
        ,             . 
  

							
	Beneficiary:				[BENEFICIARY NAME]
				
					By:		  

					Name:		
					Title:		

  
 6 

 ANNEX 3 TO THE EXPORT-IMPORT BANK OF KOREA 

IRREVOCABLE STANDBY 
 LETTER OF
CREDIT NO. [                    ] 

Form of Reduction Certificate 

Date:             ,
         
 The Export-Import Bank of Korea 

38 Eunhaeng-ro 
 Yeongdeungpo-gu 

Seoul, 150-996 
 Republic of Korea 

The Export-Import Bank of Korea Irrevocable Standby Letter of Credit
No. [                    ], dated April     , 2015 (the “Letter of Credit”). 

Ladies and Gentlemen: 
 The undersigned is a duly authorized
representative of Hanwha SolarOne U.S.A. Inc., a California corporation (“Applicant”) and hereby certifies to The Export-Import Bank of Korea (“Bank”), with reference to the Letter of Credit described above, that:

  

	1.	 ̈ As of             , 20    ,
         MWdc of Photovoltaic Modules have been delivered pursuant to the Photovoltaic Module Master Supply Agreement dated as of April 11, 2015 by and between Beneficiary and Applicant (the
MSA”) and the applicable Project Supply Agreement, by and between Beneficiary or an affiliate of Beneficiary as Purchaser and Applicant as Supplier (the “PSA”) (the “Current Deliveries”).

 After giving effect to the Current Deliveries, the total amount of MWdc of Photovolataic Modules remaining to be delivered
pursuant to the MSA and the related PSA’s is reduced to                      MWdc. 

 ̈ Pursuant to Section 7 and Schedule 9 of the MSA, there has been a step down in the face
amount of the Letter of Credit. 
  

	2.	Accordingly, the Available Amount of the Letter of Credit shall be reduced to US$        , which is the amount corresponding to the amount of remaining MWdc’s to be
delivered as set forth on Annex 1 to the Letter of Credit or as modified pursuant to Schedule 9 of the MSA. 

  
 7 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate on this
     day of         , 20    . 
  

			
	[Applicant]
		
	By:		  

	Name:		
	Title:		

  

					
	NextEra Energy Resources, LLC acknowledges, agrees and consents to the reduction in the Stated Amount of the Letter of Credit as set forth above.		
		
	NextEra Energy Resources, LLC		
			
	By:		  
		
	Name:				
	Title:				

					
			
	Date:				

  
 8 

 ANNEX 4 TO THE EXPORT-IMPORT BANK OF KOREA 

IRREVOCABLE STANDBY 
 LETTER OF
CREDIT NO. [                    ] 

Form of Supplemental Reduction Certificate 

Date:             ,
         
 The Export-Import Bank of Korea 

38 Eunhaeng-ro 
 Yeongdeungpo-gu 

Seoul, 150-996 
 Republic of Korea 

The Export-Import Bank of Korea Irrevocable Standby Letter of Credit
No. [                    ], dated April     , 2015 (the “Letter of Credit”). 

Ladies and Gentlemen: 
 The undersigned is a duly authorized
representative of Hanwha SolarOne U.S.A. Inc., a California corporation (“Applicant”) and hereby certifies to The Export-Import Bank of Korea (“Bank”), with reference to the Letter of Credit described above, that:

  

	1.	The Applicant has heretofore submitted its Reduction Certificate dated as of             , 20    ,
        , which the Beneficiary did not countersign within ten (10) Business Days following written notice and presentation of such certificate by Applicant to Beneficiary. 

 

	2.	Attached hereto is the signed certificate of the Auditor certifying that, as of             , 20    ,
         MWdc of Photovoltaic Modules have been delivered pursuant to the Photovoltaic Module Master Supply Agreement dated as of April 11, 2015 by and between Beneficiary and Applicant (the
MSA”) and the applicable Project Supply Agreement, by and between Beneficiary or an affiliate of Beneficiary as Purchaser and Applicant as Supplier (the “PSA”) (the “Current Deliveries”).

  

	3.	Therefore, giving effect to the Current Deliveries, certified by the Auditor in accordance with the procedures set forth in Section 19.6 of the MSA, the total amount of MWdc of Photovolataic Modules remaining to be
delivered pursuant to the MSA and the related PSA’s is reduced to                      MWdc.] 

 

	4.	Accordingly, the Available Amount of the Letter of Credit shall be reduced to US$        , which is the amount corresponding to the amount of remaining MWdc’s to be
delivered as set forth on Annex 1 to the Letter of Credit or as modified pursuant to the terms of the MSA. 

  
 9 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate on this
     day of         , 20    . 
  

			
	[Applicant]
		
	By:		  

	Name:		
	Title:		

  
 10 

 Schedule 6 

Form of Supplier Parent Guaranty 

PARENT GUARANTY 
 THIS
GUARANTY (this “Guaranty”), dated as of [            ], 2015, is issued by Hanwha Chemical Corporation, a Korean corporation (the “Guarantor”), in favor of NextEra
Energy Resources, LLC, a Delaware limited liability company (“Beneficiary”). 
 Pursuant to Section 20 of the Photovoltaic
Module Master Supply Agreement dated as of [            ], 2015, (as the same may be amended, modified and supplemented from time to time (the “Agreement”) by and between Hanwha
SolarOne U.S.A. Inc., a California corporation, an indirect subsidiary of Guarantor (the “Subsidiary”), and Beneficiary, Guarantor hereby covenants and agrees with Beneficiary as follows: 

Section 1. Definitions. Capitalized terms used herein and not otherwise defined shall have their respective meanings as set
forth in the Agreement. 
 Section 2. Guaranty. 

(a) Guaranty. Subject to the terms and conditions hereof, Guarantor hereby irrevocably and unconditionally guarantees, as primary
obligor and not merely as surety, to and for the benefit of Beneficiary and any successor or permitted assignee of Beneficiary under the Agreement, the full and prompt payment by Subsidiary of the Termination Payment, Cover Costs, Schedule
Liquidated Damages under each Project Supply Agreement, Performance Liquidated Damages under each Project Supply Agreement, and indemnity obligations of Subsidiary arising under any Project Supply Agreement (excluding for the avoidance of doubt, any
obligation to refund the Upfront Payment) due and payable (after taking into account any applicable cure periods) under the Agreement or under a Project Supply Agreement delivered pursuant to the Agreement in accordance with the terms hereof (the
“Guaranteed Obligations”) up to an aggregate amount equal to $[...***...] (the “Maximum Guaranty Amount”); provided that the Maximum Guaranty Amount shall be reduced as the number of MWdc of Photovoltaic
Modules remaining to be delivered is reduced pursuant to and in accordance with the terms of the Master Supply Agreement or a Project Supply Agreement to the amount set forth below for the corresponding amount of MWdc of Photovoltaic Modules
remaining to be delivered: 
 GUARANTY CAP TABLE 
  

			
	 Outstanding MWdc to be Delivered
	  	 Parent Guaranty

	 1540
	  	$[...***...]
	 1500
	  	$[...***...]
	 1400
	  	$[...***...]
	 1300
	  	$[...***...]
	 1200
	  	$[...***...]
	 1100
	  	$[...***...]
	 1000
	  	$[...***...]
	 900
	  	$[...***...]
	 800
	  	$[...***...]
	 700
	  	$[...***...]
	 600
	  	$[...***...]
	 500
	  	$[...***...]
	 400
	  	$[...***...]
	 300
	  	$[...***...]
	 200
	  	$[...***...]
	 100
	  	$[...***...]
	 0
	  	$[...***...]
	 During Year 1 Performance Test
	  	$[...***...]
	 Post Year 1

Performance Test

(assuming a fail result)
	  	$[...***...]
	 Post Year 1

Performance Test

(assuming a pass result)
	  	$[...***...]
	 Post Year 2

Performance Test
	  	$[...***...]

  

*      Confidential Treatment Requested 

 Beginning with commercial operation date, each Project (excluding those located in the State of Florida) will
undergo testing for underperformance as set forth in Appendix J1 of the Project Supply Agreements. If the Project passes such test as set forth in Appendix J1 such that no Performance Liquidated Damages are due to Purchaser in accordance therewith,
then the face amount of the Supplier Parent Guaranty shall be reduced by an amount to be calculated as follows: 
 Parent Guaranty Reduction Amount =
Project size (in Wdc) x PV Module Price (per Wdc) x [...***...] 
 Subject to the terms and conditions of this Guaranty, Guarantor further agrees
that if Subsidiary shall fail to pay in full when due all or any part of the Guaranteed Obligations, Guarantor will promptly pay the Guaranteed Obligations within five (5) Business Days of its having received notice of such failure by
Subsidiary. 
 (b) Absolute Guaranty. Except as set forth in Sections 2(e) and 7(d) and subject to the Cap, Guarantor agrees
that its obligations under this Guaranty are absolute and unconditional and shall not be affected by any circumstance that constitutes a legal or equitable discharge of a guarantor or surety other than indefeasible payment in full of the Guaranteed
Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees, subject to the other terms and conditions hereof, as follows: 

(i) this Guaranty is a guaranty of payment and not of collectibility; 

(ii) Beneficiary may from time to time, without notice or demand and without affecting the validity or enforceability of this Guaranty or
giving rise to any limitation, impairment or discharge of Guarantor’s liability hereunder, (A) amend or modify the Agreement other than specifically with respect to the Guaranteed Obligations, (B) settle, compromise, release or
discharge, or accept or refuse any offer of payment of, or substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations, (C) request or accept
other guaranties of the Guaranteed Obligations, (D) take and hold security for the payment of this Guaranty or the Guaranteed Obligations, (E) substitute, release, exchange, compromise, subordinate or modify, with or without consideration,
any security for payment of the Guaranteed Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person with respect to the Guaranteed Obligations, (F) enforce and apply any security now or hereafter
held by or for the benefit of Beneficiary in respect of this Guaranty or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that Beneficiary may have against any such security, as
Beneficiary in its discretion may determine consistent with the Agreement and any applicable security agreement, notwithstanding that such action operates to impair or extinguish any right of subrogation, reimbursement, indemnification or
contribution or any other right or remedy of Guarantor against Subsidiary or any other guarantor of the Guaranteed Obligations or any other guaranty of or security for the Guaranteed Obligations, (G) assign the Guaranteed Obligations in whole
or in part to the extent provided in the Agreement, or (H) exercise any other rights available to Beneficiary under the Agreement, at law or in equity; and 

  

*      Confidential Treatment Requested 

2 

 (iii) this Guaranty and the obligations of Guarantor hereunder shall be valid and enforceable
and shall not be subject to any limitation, impairment or discharge for any reason (other than indefeasible payment in full of the Guaranteed Obligations (other than indemnities and other contingent indemnification obligations not then due and
payable and as to which no claim has been made) and as otherwise set forth in this Guaranty), including, without limitation, the occurrence of any of the following, whether or not Guarantor shall have had notice or knowledge of any of them:
(A) any failure to assert or enforce, or agreement not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy
with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations; (B) any waiver, amendment or modification of, any consent to
departure from, or other action or inaction or any exercise or non-exercise of any of the terms or provisions of the Agreement or any agreement or instrument executed pursuant thereto or of any other guaranty or security for the Guaranteed
Obligations; (C) the personal or corporate incapacity of any Person; (D) the bankruptcy, receivership or insolvency of Subsidiary or any other Person, or the discharge of Subsidiary’s or any other Person’s obligations in any
bankruptcy, receivership or similar proceeding; (E) any merger or consolidation of Subsidiary or Guarantor into or with any other Person, or any sale, lease or transfer of any of the assets of Subsidiary or Guarantor to any other Person;
(F) any change in the ownership of any interests of Subsidiary or any change in the relationship between Subsidiary and Guarantor, or any termination of such relationship; or (G) any other act or thing or omission or delay to do any act or
thing, which may or might in any manner or to any extent vary the risk of Guarantor as an obligor in respect of the Guaranteed Obligations. 

(c) Payments. All payments made by Guarantor hereunder shall be made without set-off or counterclaim and without any deduction
or withholding for any reason, except as expressly provided to the contrary in the Agreement or in this Guaranty. All payments hereunder shall be made in U.S. dollars in immediately available funds. 

(d) Reinstatement. Notwithstanding anything to the contrary contained herein, this Guaranty shall continue to be effective or be
reinstated, as the case may be, if at any time any payment, or part thereof, under this Guaranty is rescinded or must otherwise be returned or restored by Beneficiary upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of, or
similar event affecting, Subsidiary or Guarantor, all as though such payment had not been made. 
 (e) Defenses.
Notwithstanding anything herein to the contrary, Guarantor specifically reserves to itself and shall be entitled to assert any and all rights, counterclaims and other defenses that the Subsidiary is or may be entitled to arising from or out of the
Agreement and each Project Supply Agreement, except for any counterclaims or defenses arising out of the bankruptcy, insolvency, dissolution or liquidation of the Subsidiary, or the lack of power or authority of the Subsidiary to enter into the
Agreement or to perform its obligations thereunder. 

  
 3 

 Section 3. Other Provisions of the Guaranty. 

(a) Waivers by Guarantor. Guarantor hereby waives for the benefit of Beneficiary, to the maximum extent permitted by Applicable
Laws: 
 (i) all of the following: (A) notice of acceptance hereof or of any matter referred to in Section 2(b) hereof,
(B) all presentments and demands for payment other than the demand for payment under Section 2(a), (C) notices of default, nonpayment, protests, notices of protest, notices of dishonor and notices of any renewal, extension or
modification of the Guaranteed Obligations or any agreement related thereto, (D) notice of any action taken or omitted to be taken by Beneficiary in reliance hereon and any and all notices which may or might be lawfully waived by Guarantor,
(E) any requirement that Beneficiary be diligent or prompt in making demands hereunder or in giving notice to Guarantor of any default by Subsidiary, or asserting any other rights of Beneficiary hereunder against Subsidiary, (F) any
requirement that Beneficiary protect, secure, perfect or insure any security interest or lien or any property subject thereto, (G) any bankruptcy, insolvency, reorganization, arrangement, adjustment, composition, liquidation or similar event of
either Subsidiary or Guarantor that might constitute a defense to any payment required under the Agreement or hereunder, (H) any event, occurrence or other circumstance which might otherwise constitute a legal or equitable discharge of a surety
or guarantor, including any defense based upon any law, rule or regulation which provides that the obligation of a surety must not be greater or more burdensome than the obligation of the principal, (I) any defense arising by reason of the
incapacity, lack of authority or any disability of Subsidiary, (J) any defense arising out of any election by Beneficiary to foreclose on any security held by or for the benefit of Beneficiary pursuant to one or more judicial or nonjudicial
sales, even though such election operates to impair or extinguish any right of subrogation, reimbursement, indemnification or contribution or any other right or remedy of Guarantor against Subsidiary or any other guarantor of the Guaranteed
Obligations or any other guaranty of or any security for the Guaranteed Obligations, and (K) any rights to set-offs, recoupments and counterclaims; 

(ii) any requirement, and any right to require, as a condition of payment by Guarantor, (A) that any right or power be exercised or any
action be taken against either Subsidiary, any other guarantor or any collateral security for the Guaranteed Obligations, (B) that Beneficiary proceed against or exhaust any security held from Subsidiary or any other person, (C) that
Beneficiary pursue any other remedy in Beneficiary’s power whatsoever, and Guarantor waives the right to have the property of Subsidiary first applied to the discharge of the Guaranteed Obligations. Beneficiary may, at its election, exercise
any right or remedy it may have against Subsidiary or any security now or hereafter held by Beneficiary, (D) to the extent they may be waived, any principles or provisions of Applicable Laws, statutory or otherwise, that are or might be in
conflict with the terms of this Guaranty and any defense based on the discharge of Subsidiary by operation of Applicable Laws, notwithstanding any intervention or omission by Beneficiary, including any defenses or benefits that may be derived from
or afforded by Applicable Laws (whether now in effect or hereafter adopted) that limit the liability of or exonerate guarantors or sureties, and (E) any defense based on or arising out of the absence, impairment or loss of any right of
subrogation, reimbursement, indemnification or contribution or any other right or remedy of Guarantor against Subsidiary or any such security, whether resulting from such election by Subsidiary or otherwise; and 

(iii) all rights and benefits under (A) provisions of Applicable Laws purporting to (1) reduce the obligation of a surety or
guarantor upon the acceptance by a creditor of anything in partial satisfaction of an obligation, (2) exonerate a surety or guarantor if by any act of the creditor, without the consent of the surety or guarantor, the original obligation of the
principal is altered in any respect, or the remedies or rights of the creditor against the principal, in respect thereto, are in any way impaired or suspended (it being expressly understood and agreed that Beneficiary may compromise, settle, alter,
extend, waive, amend, suspend or surrender any Guaranteed Obligation or any right or remedy with respect thereto without notice to or consent by Guarantor and without affecting Guarantor’s obligations hereunder), (3) exonerate the surety
or guarantor to the extent that the creditor does not proceed against the principal, or pursue any other remedy in the creditor’s power which the surety or guarantor cannot pursue, and which would lighten the surety’s or guarantor’s
burden, and (4) reduce a surety’s or guarantor’s obligations in proportion to the principal obligation, and (B) provisions of Applicable Laws requiring or permitting creditors or lienors to marshal assets or liens; it being the
intention hereof that Guarantor shall remain liable as principal, to the extent set forth in this Guaranty, for so long as this Guaranty shall remain in effect, notwithstanding any act, omission or thing which might otherwise operate as a legal or
equitable discharge of the Guarantor other than the indefeasible payment in full of the Guarantee Obligations.  

  
 4 

 (b) Additional Waivers; Deferral of Subrogation. Until such time as all of the
Guaranteed Obligations have been fully and indefeasibly satisfied (other than indemnities and other contingent indemnification obligations not then due and payable and as to which no claim has been made), notwithstanding any payment made by
Guarantor hereunder or the receipt of any amounts by Beneficiary with respect to the Guaranteed Obligations: (i) Guarantor (on behalf of itself, its successors and assigns, including any surety or guarantor) waives all rights it may have at law
or in equity (including, without limitation, any law subrogating Guarantor to the rights of Beneficiary) to seek subrogation, contribution, indemnification, or any other form of reimbursement from Subsidiary, any other guarantor, or any other Person
now or hereafter primarily or secondarily liable for any of the Guaranteed Obligations of Subsidiary to Beneficiary, for any disbursement made by Guarantor under or in connection with this Guaranty or otherwise; and (ii) Guarantor waives any
benefit of, and any right to participate in, any security, whether real or personal property, now or hereafter held by Beneficiary for the Guaranteed Obligations. 

Section 4. Limitation on Liability. Notwithstanding anything else to the contrary in this Guaranty, in no event shall
Guarantor be liable to Beneficiary for Guaranteed Obligations in an amount in the aggregate in excess of the Cap. “Cap” means as of the date of any determination, the Parent Guaranty amount set forth on the Guaranty Cap Table for the
corresponding amount to which the remaining MWdc to be delivered under the Agreement and the Project Supply Agreements has been reduced, as such amount may be further reduced from time to time in accordance with the terms as set forth on the
Guaranty Cap Table. 
 Section 5. Representations and Warranties of Guarantor. Guarantor hereby represents, warrants, and
undertakes to Beneficiary as follows: 
 (a) Guarantor is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization; 
 (b) Guarantor has full power, authority and legal right to execute and deliver this Guaranty and all other
instruments, documents and agreements required by the provisions of this Guaranty to be executed, delivered and performed by Guarantor, and to perform its obligations hereunder and thereunder; 

(c) The execution, delivery and performance of this Guaranty and all other instruments, documents and agreements required by the provisions of
this Guaranty to be executed, delivered and performed by Guarantor have been duly authorized by all necessary company action on the part of Guarantor; 

(d) This Guaranty and all other instruments, documents and agreements required by the provisions of this Guaranty to be executed, delivered
and performed by Guarantor have been duly executed and delivered by Guarantor and constitute the legal, valid and binding obligations of Guarantor, enforceable against it in accordance with their respective terms; and 

(e) All necessary action has been taken under Applicable Laws to authorize the execution, delivery and performance of this Guaranty. No
governmental approvals or other consents, approvals, or notices of or to any Person are required in connection with the execution, delivery, performance by Guarantor or the validity or enforceability, of this Guarantor. 

  
 5 

 Section 6. Notices. All notices and other communications provided for
hereunder must be in writing to be effective and shall be deemed to be delivered and received (a) if personally delivered or if delivered by courier service, when actually received by the party to whom notice is sent, (b) if delivered by
facsimile, during the recipient’s normal business hours shall be deemed to have been given when sent (and if sent after normal business hours shall be deemed to have been given at the opening of the recipient’s business on the next
Business Day), or (c) if mailed by certified or registered mail shall be deemed to have been given when received, at the address and/or facsimile numbers of such party set forth below (or at such other address as such party may designate by
written notice to the other party in accordance with this Section: 
 (a) If to Guarantor: 

Hanwha Chemical Corporation 

Hanwha Building, 86 Cheonggyecheon-ro 

Jung-gu, Seoul, Republic of Korea 

Attention: [...***...] 

Telephone: [...***...] 

Facsimile: [...***...] 

(b) If to Beneficiary: 
 NextEra
Energy Resources, LLC 
 700 Universe Boulevard 

Juno Beach, FL 33408-2683 
 Attn:
VP Integrated Supply Chain 
 Telephone: [...***...]  

Facsimile: [        ] 

With a copy to: 
 NextEra Energy
Resources, LLC 
 700 Universe Boulevard 

Juno Beach, FL 33408-2683 
 Attn:
General Counsel 
 Telephone: [...***...] 

Facsimile: [        ] 

The addresses and facsimile numbers of either party for notices given pursuant to this Guaranty may be changed by means of a written notice given to the other
party at least fifteen (15) Business Days prior to the effective date of such change. 
 Section 7. Miscellaneous
Provisions. 
 (a) Waiver; Remedies Cumulative. Except as to applicable statutes of limitation, no failure on the part
of Beneficiary to exercise, and no delay on the part of Beneficiary in exercising, any right or remedy, in whole or in part hereunder shall operate as a waiver thereof. No single or partial exercise of any right or remedy shall preclude any other or
further exercise thereof or the exercise of any other right or remedy. No waiver by Beneficiary shall be effective unless it is in writing and such writing expressly states that it is intended to constitute such waiver. Any waiver given by
Beneficiary of any right, power or remedy in any one instance shall be effective only in that specific instance and only for the purpose for which given, and will not be construed as a waiver of any right, power or remedy on any future occasion. In
addition, Guarantor may not claim that Beneficiary could have avoided or mitigated, except to the extent required under the Agreement, in any manner or through any action, the damages resulting from a default of Subsidiary under the Agreement. The
rights and remedies of Beneficiary herein provided are cumulative and not exclusive of any rights or remedies provided by law. 
 (b)
Successors and Assigns. This Guaranty shall be binding upon the successors of Guarantor and shall inure to the benefit of Beneficiary and its successors and permitted assigns. Guarantor shall not assign or transfer all or any part of its
rights or obligations hereunder without the prior written consent of Beneficiary. Any purported assignment or delegation without such written consent shall be null and void. Beneficiary may assign its rights and obligations hereunder to any assignee
of its rights under the Agreement permitted in accordance with the Agreement. No other Persons shall be a third-party beneficiary of, or otherwise benefit by, this Guaranty or have or acquire any rights by reason of this Guaranty. 

  

*      Confidential Treatment Requested 

6 

 (c) Amendment. This Guaranty may not be modified, amended, terminated or revoked,
in whole or in part, except by an agreement in writing signed by Beneficiary and Guarantor. 
 (d) Termination and Release.
Subject to Section 2(d) hereof, this Guaranty shall remain in effect (i) with respect to each FPL Project, until the final Delivery of all Scheduled Volumes for such FPL Project subject to a Project Supply Agreement and the payment
of any Schedule Liquidated Damages due thereunder, and (ii) with respect to each Project other than an FPL Project, until such time as all obligations of Supplier under Appendix J1, Appendix J2 and Appendix K of the Project Supply Agreement for
such Project have been satisfied. 
 (e) GOVERNING LAW; JURISDICTION. The validity, performance, and construction of this
Guaranty shall be governed by the laws of New York without regard to its conflicts of laws principles (other than Section 5-1401 of the New York General Obligations Law). The U.N. Convention on the International Sale of Goods shall not apply to
this Agreement. 
 (f) DISPUTE RESOLUTION. 

(i) Any dispute, controversy or claim arising out of or relating to this contract or any of its provisions, or the breach, termination,
interpretation, enforcement or validity thereof, including any dispute as to this Article 37 (each a “Dispute”) shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce (the “ICC”) then in
effect (the “Rules”), except as modified herein. 
 (ii) The arbitral tribunal shall be comprised of three (3) independent
and impartial arbitrators. Each Party shall nominate one arbitrator in accordance with the Rules, and the two arbitrators so nominated shall nominate a third arbitrator, who shall serve as the president of the arbitral tribunal, within twenty
(20) days of the confirmation of the appointment of the second arbitrator (the “Chair”). Any arbitrator not timely nominated herein shall, on the written request of any party to the arbitration, be appointed by the Court of
Arbitration of the ICC. 
 (iii) The arbitration proceedings shall be conducted in the English language, and all documents not in English
submitted by any party as evidence shall be accompanied, within a reasonable period of time to be determined by the tribunal, by an English translation of the portion relied on therein. The seat of arbitration shall be Paris, France. 

(iv) If the tribunal determines it required and necessary, each Party may request the other Party or Parties to produce certain specified
documents or categories of documents relevant to the dispute and material to its outcome. In making any determination regarding the scope of production, the arbitral tribunal shall apply the 2010 International Bar Association Rules on the Taking of
Evidence in International Arbitration. 
 (v) The award shall be final and binding upon the Parties. Judgment upon any award may be entered
in any court having jurisdiction thereof. 
 (vi) By agreeing to arbitration, the Parties do not intend to deprive any court of its
jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings and the enforcement of any award. 

(vii) In order to facilitate the comprehensive resolution of related Disputes, the parties consent that any pending or contemplated
arbitration hereunder may be consolidated with any other arbitration proceeding constituted under this Agreement or any arbitration proceeding constituted under the Master Supply Agreement or any Project Supply Agreement. An application for such
consolidation may be made by any party to this Agreement, the Master Supply Agreement or any Project Supply Agreement to the tribunal for the prior arbitration. Such tribunal shall, after providing all interested parties the opportunity to comment
on such application, order that any such pending or contemplated arbitration be consolidated into a prior arbitration if it determines that (i) there are issues of fact or law common to the proceedings so that a consolidated proceeding would be
more efficient than separate proceedings, and (ii) no Party would be unduly prejudiced as a result of such consolidation through undue delay or otherwise. For the avoidance of doubt, consolidation under this paragraph is intended to promote
efficiency and to avoid the possibility of inconsistent awards, and to prevent double recovery, and consolidation is therefore contemplated and understood to occur and apply to and between all parties to this Guaranty, the Project Supply Agreement
and the Master Supply Agreement. 

  
 7 

 (g) Survival. All representations and warranties made in this Guaranty and in any
other instrument, document, and agreement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Guaranty. 

(h) Severability. If any provision of this Guaranty is held to be illegal, invalid, or unenforceable under present or future
laws, such provision shall be fully severable; this Guaranty shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Guaranty; and the remaining provisions of the Guaranty shall
remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance from the Guaranty. Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall be added
automatically as a part of this Guaranty a provision as similar in its terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 

(i) Information. Beneficiary shall have no obligation to disclose or discuss with Guarantor its assessment, or Guarantor’s
assessment, of Subsidiary’s financial condition. Guarantor acknowledges and agrees that it has adequate means to obtain information from Subsidiary on a continuing basis concerning Subsidiary’s financial condition and its ability to
perform its obligations under the Agreement, and Guarantor assumes the responsibility for being and keeping informed of Subsidiary’s financial condition and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.
Guarantor hereby waives and relinquishes any duty on the part of Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Subsidiary now known or hereafter known by Beneficiary. 

(j) Counterparts. Guarantor and Beneficiary acknowledge and agree that this Guaranty may be executed in multiple counterparts,
and transmitted via telecopy, each such counterpart (whether transmitted via telecopy or otherwise), when executed, shall constitute an integral part of one and the same agreement. 

(k) Judgment Currency. All payments due hereunder shall be made in United States Dollars, regardless of any law, rule,
regulation or statute, whether now or hereafter in existence or in effect in any jurisdiction, which affects or purports to affect such obligations. To the fullest extent permitted by applicable law, the obligation of the Guarantor in respect of any
amount due under this Guaranty shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in United States Dollars that the person entitled to receive that
payment may, in accordance with normal banking procedures, purchase with the sum paid in that other currency (after any premium and costs of exchange) on the business day immediately following the day on which such person receives such payment. If
the amount in United States Dollars that may be so purchased for any reason falls short of the amount originally due, the Guarantor shall pay such additional amounts, in United States Dollars, as may be necessary to compensate for the shortfall. Any
obligation of the Guarantor not discharged by such payment shall, to the fullest extent permitted by applicable law, be due as a separate and independent obligation and, until discharged as provided herein, shall continue in full force and
effect. 

  
 8 

 This Guaranty has been duly executed on behalf of the Guarantor by its authorized officer as of
the date first written above. 
  

			
	HANWHA CHEMICAL CORPORATION
		
	By:		  

	Name:		  

	Title:		  

  

			
	Acknowledged and agreed:
	
	NEXTERA ENERGY RESOURCES, LLC
		
	By:		  

	Name:		  

	Title:		  

  
 9 

 Schedule 7 

Project Supply Agreement Submission Deadlines 

Set forth below is a list of all of the Projects and the deadline for submitting a Project Supply Agreement for each such Project. 

 

							
	No.	 	 Project Name
	  	 State
	  	 Deadline to Submit a

Project Supply Agreement

	1	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	2	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	3	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	4	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	5	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	6	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	7	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	8	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	9	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	10	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	11	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	12	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	13	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	14	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	15	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	16	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	17	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015
	18	 	 [...***...]
	  	 [...***...]
	  	July 31, 2015

  

*      Confidential Treatment Requested 

 

 Schedule 8 

Project Allocation Upfront Payment 
 Set
forth below is a list of all of the Projects and the Upfront Payment amount for each such Project. 
  

									
	No.	  	 Project Name
	  	 State
	  	 Upfront Payment
	  	 Upfront Payment Eligible

for Letter of Credit on

Effective Date

	1	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	2	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	3	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	4	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	5	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	6	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	7	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	8	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	9	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	10	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	11	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	12	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	13	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	14	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	15	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	16	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	17	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]
	18	  	[...***...]	  	 [...***...]
	  	$[...***...]	  	$[...***...]

  

*      Confidential Treatment Requested 

 

 Schedule 9 

Cover Costs / Letter of Credit Step-down 
  

	A.	Cover Costs: If at any time during the term of this Agreement or any Project Supply Agreement entered into hereunder, NEER or any Purchaser terminates this Agreement or any Project Supply Agreement upon a
Supplier Event of Default pursuant to the terms and conditions of such agreement, NEER shall be entitled to make a claim under this Agreement, and NEER shall be entitled to make a claim under a Project Supply Agreement, in each case for Cover Costs
for each Wdc that remained undelivered under such agreement at the time of its termination subject to the terms and conditions of Section 17.3 of this Agreement and the terms of such Project Supply Agreement, if applicable. Any such claim for
Cover Costs shall be limited, based on the date on which such termination occurs, to the amounts set forth below: 

  

			
	 Contract Termination Date
	  	 Maximum Cover Costs

(per undelivered Wdc)

	 Letter of Credit Issuance Date through and including September 30, 2015
	  	$[...***...]
	 October 2015
	  	$[...***...]
	 November 2015
	  	$[...***...]
	 December 2015
	  	$[...***...]
	 January 2016
	  	$[...***...]
	 February 2016
	  	$[...***...]
	 March 2016
	  	$[...***...]
	 April 2016
	  	$[...***...]
	 May 2016 and after
	  	$[...***...]

  

	B.	Application of Letter of Credit and Supplier Parent Guaranty: 

 Subject to any step-down
under Sections C & D below: 
  

	 	•	 	The maximum amount of the Letter of Credit available for reimbursement of the Upfront Payment at any given time shall be governed by the column in Table A below labeled “LOC for Upfront Payment” read together
with the column labeled “Outstanding MWdc to be Delivered.” 

  

	 	•	 	The maximum amount of the Letter of Credit available for reimbursement of the Cover Costs at any given time shall be governed by the column in Table A below labeled “LOC for Cover Costs” read together with the
column labeled “MWdc to be Delivered.” 

  

	 	•	 	The face amount of the Letter of Credit begins to step down when the number of MWdc to be delivered reaches 800 and in each instance after such step down shall be equal to the amount in the column in Table A below
labeled “LOC” read together with the column labeled “Outstanding MWdc to be Delivered”; provided that there shall be no obligation to replenish the Letter of Credit in the event the available amount of the Letter of
Credit is less than the amount in Table A below. 

  

*      Confidential Treatment Requested 

 

	 	•	 	The amount of the Supplier Parent Guaranty available for the reimbursement of Cover Costs under this Agreement and a Project Supply Agreement and indemnification claims, Schedule Liquidated Damages and Performance
Liquidated Damages under a Project Supply Agreement shall be equal to the amount in Table A below labeled “Parent Guaranty” begins to step down when the number of MWdc to be delivered reaches 300 and in each instance after such step down
shall be equal to the amount in the column in Table A below labeled “Parent Guaranty” read together with the column labeled “Outstanding MWdc to be Delivered”; provided that there shall be no obligation to increase
the amount available under the Letter of Credit in the event such available amount is less than such amount in Table A below due to any payment of Guaranteed Obligations (as defined in the Supplier Parent Guaranty). 

 

	 	•	 	The total aggregate amount of the Letter of Credit and the Supplier Parent Guaranty taken together that is in place as security for the reimbursement of Cover Costs, indemnification claims, Schedule Liquidated Damages
and Performance Liquidated Damages shall not exceed the sum of the amounts in the table below labeled “LOC for Cover Costs” (limited to Cover Costs only) plus “Parent Guaranty” read together with the column labeled
“Outstanding MWdc to be Delivered”; provided that claims against Supplier for indemnification claims, Schedule Liquidated Damages and Performance Liquidated Damages shall be subject to the applicable limitation of liability
set forth in this Agreement and a Project Supply Agreement and shall not be limited to the amount of the Supplier Parent Guaranty in Table A below. 

TABLE A 

(SUBJECT TO STEP-DOWN UNDER SECTIONS C & D BELOW) 
  

											
	 (A)

Outstanding MWdc to
be Delivered
	 	 (B)

LOC
	 	 (C)

LOC for
 Upfront

Payment
	 	 (D)

LOC for Cover

Costs
	 	 (E)

Parent

Guaranty
	 	 (F)

Cover Security

	 1539.75
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1500
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1400
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1300
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1200
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1100
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 1000
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 900
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 800
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 700
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 600
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 500
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 400
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 300
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 200
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 100
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 0
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 During Year 1 Performance Test
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 Post Year 1

Performance Test

(assuming a fail result)
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 Post Year 1

Performance Test

(assuming a pass result)
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]
	 Post Year 2

Performance Test
	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]	 	$[...***...]

  

*      Confidential Treatment Requested 

	C.	Letter of Credit Step Down (Termination / Cancellation): If at any time (i) a Project is terminated or cancelled under Section 6.6(a) (Remedies for a NEER Event of Default) or Section 7
(Termination for Convenience) of this Agreement or under Sections 34 (Termination by Supplier for Cause) or 35 (Termination for Convenience) of the applicable Project Supply Agreement, or (ii) Section 6.6(b) (Remedies for Payment Default)
of this Agreement applies, then (a) in the event NEER pays Supplier the Cancellation Payment by the required date set forth in such agreement, the face amount of the Letter of Credit eligible for draw with respect to the Upfront Payment as set
forth in column (C) of Table A above (such face amounts, the “Face Amounts of LOC for Upfront Payment”) shall be reduced by an amount equal to the lesser of (i) the amount of the applicable Cancellation Payment to be paid
by Purchaser to Supplier and (ii) the amount of the Upfront Payment for such Project as set forth on Schedule 8 of this Agreement, or (b) in the event NEER does not pay Supplier the Cancellation Payment by the required date set forth in
such agreement, the Face Amounts of LOC for Upfront Payment shall be reduced by an amount equal to the amount of the applicable Cancellation Payment to be paid by Purchaser to Supplier (such reduction amount under (a) or (b), as applicable, the
“Step Down Amount for Termination”). 

 For any such terminated or cancelled PV Modules, the Face Amounts of
LOC for Upfront Payment shall be stepped down by (X) the amount of reduction in the Face Amounts of LOC for Upfront Payment in accordance with Table A, as if such terminated or cancelled PV Modules are deemed to have been delivered to Purchaser
(such amount, the “Default Step Down Amount”), and (Y) an amount equal to the Step Down Amount for Termination. For the avoidance of doubt, the maximum amounts of the Letter of Credit available for reimbursement of the Cover
Costs as set forth on column (D) of Table A above will not be stepped down under this Schedule 9, and the face amount of the Letter of Credit as set forth on column (B) will be adjusted accordingly such that, at any given time, the sum of
the maximum amount of the Letter of Credit available for reimbursement of the Upfront Payment (as set forth on column (C)) and the maximum amount of the Letter of Credit available for reimbursement for the Cover Costs (as set forth on column (D))
will equal the face amount of the Letter of Credit. 

  

*      Confidential Treatment Requested 

	D.	Supplier Parent Guaranty Step Down (Capacity Testing): Beginning with commercial operation date, each Project (excluding those located in the State of Florida) will undergo testing for underperformance as set
forth in Appendix J1 of the Project Supply Agreements. If the Project passes such test as set forth in Appendix J1 such that no Performance Liquidated Damages are due to Purchaser in accordance therewith, then the face amount of the Supplier Parent
Guaranty shall be reduced by an amount to be calculated as follows: 

 Parent Guaranty Reduction Amount = Project size (in
Wdc) x PV Module Price (per Wdc) x [...***...] 
  

	E.	Step Down Certificates: Upon the occurrence of any event described in Sections B, C or D above, NEER shall promptly execute a step-down certificate for the Letter of Credit, in accordance with Section 19.5
of this Agreement, indicating the amount of the step down, which shall be delivered to the Letter of Credit Provider. 

  

*      Confidential Treatment Requested

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