Document:

English translation of Plant Lease Agreement

 Exhibit 10.2 
 Plant Lease Agreement 
 Lessor (Party A): JIANGXI DESUN ENERGY CO., LTD. 

Lessee (Party B): JINKO SOLAR CO., LTD. 
 On a voluntary, equal and mutual-beneficial basis and through amicable negotiation, Party A and Party B (the “Parties”) reach a consensus concerning the matters relating to the lease to Party B of the plants legally owned by Party
A by entering into this plant lease agreement (the “Agreement”), terms of which are as follows: 
  

	1.	Plant Lease Situation 

 Party A agrees to
lease the following plants to Party B: 
  

	1.1	Plant One: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 1821.66 square meters (first floor
of Desun 1# Plant) 
 The type of plant is frame structure 
  

	1.2	Plant Two: 

 Located at NO.45,
Fenghuang West Avenue, Shangrao Economic Development Zone; 
 Construction Area Rented: 1818.04 square meters (second
floor of Desun 2# Plant) 
 The type of plant is frame structure 
  

	1.3	Plant Three: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 1908.6 square meters 

The type of plant is frame structure 
  

	1.4	Plant Four: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 2746.72 square meters 

The type of plant is steel, reinforced concrete structure 

	1.5	Plant Five: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 1484.07 square meters 

The type of plant is frame structure 
  

	1.6	Plant Six: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 2812 square meters 
 The type of plant is frame structure 
  

	1.7	Plant Seven: 

 Located on Parcel
E3-9-1, Xuri District, Shangrao Economic Development Zone; 
 Construction Area Rented: 2690.93 square meters (Desun
office building) 
 The type of plant is frame structure 
 The plants hereinbefore are already well decorated and can be used directly. 
  

	2.	Payment Date and Lease Term 

  

	2.1	All the plants described Section 1 of this Agreement are leased to Party B since January 1, 2008, with the leasing term of 10 years. 

 

	2.2	The Parties agree that this Agreement shall be renewed automatically with a valid term of 10 years. For the purpose of carrying out this Agreement, written renewal
agreement may be entered into by and between the Parties. 

  

	2.3	During the lease term, in no case this Agreement may be rescinded or terminated, and the implementation of this Agreement may be suspended by Party A. Written consent
of Party B is required for Party A to withdraw the right concerning these plants described in Section 1. 

  

	3.	Rental and Deposit Payment Method 

  

	3.1	The Parties hereof agree that the rental of such plants lease shall be RMB0.20 per square meter per day; RMB 91692.00 per month and RMB1100304.00
per year. 

  

	3.2	Unless otherwise agreed by the Parties in written agreements, the Parties hereof agree that the yearly rental shall remain unchanged during the lease term.

  

	3.3	Party B shall give Party A one-month rental as deposit within 10 days since the signing of this Agreement. The Parties hereof agree that the rental shall be paid every
six months. 

	3.4	Such deposit paid by Party B shall be returned by Party A within 10 business days after the dissolution or termination of this Agreement. 

  

	3.5	Taxes incurred by activities or gains of the lease shall be paid by Party A. Except for the rental or expenses payable by Party B set forth in this Agreement, no other
taxes shall be paid by Party B. 

  

	4.	Other Expense 

  

	4.1	The expenses incurred during lease term by water, electricity, gas and telephone communication usage in such plants shall be paid by Party B within three days upon
receipt of the receipt or invoice. 

  

	4.2	During the lease term, the network and communication equipment, air conditioner and other facilities for office usage shall be purchased and installed by Party A. Party
B shall only be responsible for the expenses incurred by using such facilities. 

  

	5.	Using Requirement and Maintenance Liability of the Plants 

  

	5.1	During the lease term, Party B shall inform Party A promptly when Party B discovers the damage or breakdown of the plants or its supporting facilities, and Party A
shall repair the plants or its supporting facilities within 3 days after receiving the notification from Party B. Party B may repair the facilities on behalf of and at expenses of Party A if Party A does not repair within 3 days.

  

	5.2	During the term of the lease, the plants and its supporting facilities shall be reasonably used and taken care of by Party B. Damage or breakdown occurred due to the
improper or unreasonable use by Party B shall be repaired by Party B, and Party A may repair the facilities on behalf of and at the expenses of Party B if Party B refuses to repair it. 

  

	5.3	During the term of the lease, Party A shall ensure to keep the plants and its supporting facilities in a normal and safe condition. Party A shall notify Party B three
days in advance before the inspection and maintenance of the plants. Party B shall cooperate during the maintenance and Party A shall minimize the disturbance to Party B’s usage of the plants. 

  

	5.4	Party B shall inform Party A in written notice if Party B wants additional decoration or ancillary facilities and equipment for production and office usage, and Party A
shall agree. If governmental approval is required, Party A shall apply for approval and inform Party B without delay. 

	6.	Subleasing and Returning of the Plants 

  

	6.1	During the lease term, written consent from Party A is required prior to sublease of the plants by Party B. In the case of unauthorized sublease, Party A may keep the
rental and security deposit. 

  

	6.2	After the lease expires, the plants should be in a normal and useable condition. 

  

	7.	Other Agreement during the Lease Term 

  

	7.1	During the lease term, the Parties agree to comply with the laws, regulations and rules of the People’s Republic of China and shall not use the leased plants for
illegal activities. 

  

	7.2	During the lease term, Party A has the right to supervise and assist Party B with fire, security and sanitation related issues. 

  

	7.3	Neither Party shall be deemed in default or breach of any provision of this Agreement resulting directly or indirectly from force majeure or municipal activities during
the lease term. 

  

	7.4	During the lease term, Party B may decorate the plants according to its own operating characteristics but may not damage the original structure of the plants. The
decoration shall be at Party B’s expenses and will not be compensated by Party A when the lease expires. 

  

	7.5	During the lease term, Party B shall pay the rental and other fees payable on time. If the payment delay is over a month, Party A is entitled to an additional 0.5% fine
in addition to the monthly rental and the right to terminate this Agreement. 

  

	7.6	Party A shall inform Party B in advance if Party A wants to sell the rented plants. Party B will have right of first refusal and the rental that has been paid may be
offset from the purchase price. Party B may terminate this Agreement or continue to lease the plants as described in this Agreement under a commitment from Party A and the buyer when the transaction takes place. 

  

	8.	Miscellaneous 

  

	8.1	During the lease term, if Party A or Party B breaches this Agreement because of early termination, one year’s rental shall be paid to the non-breaching party.

  

	8.2	During the lease term, if Party B suffers losses from abnormal operation caused by the Certificate of Title of these plants, Party A shall compensate Party B for all
the losses. 

	8.3	After the signing of this Agreement, the change of company name shall be confirmed by the Parties’ by signing and sealing and the terms and conditions of the
original Agreement remain in effect until the Agreement expires. 

  

	8.4	If Party A, on behalf of itself or Party B, receives a preferential treatment of electricity supply, such preferential treatment shall be enjoyed by Party B during the
lease term. Party B shall pay the actual monthly electricity fees for its actual electricity usage. 

  

	8.5	Matters arising out of this Agreement or relating to the management and use of the plants shall be solved by Party A or with Party A’s assistance in a timely
manner. 

  

	8.6	Issues that are not stipulated in this Agreement shall be settled through negotiation by the Parties under applicable laws. 

  

	8.7	This Agreement is prepared in quadruplicate with each party holding two copies of originals and will become effective when signed and sealed by the Parties.

 Lessor: Jiangxi Desun Energy Co., Ltd. 
 Legal Representative or Authorized Deputy: 
 Seal: /s/ Jiangxi Desun Energy Co., Ltd. 

Lessee: Jinko Solar Co., Ltd. 
 Legal
Representative or Authorized Deputy: 
 Seal: /s/Jinko Solar Co., Ltd. 
 The Parties have executed this Agreement as of January 1, 2008 in Shangrao, China.Amended and Restated Supply Agreement

 Exhibit 10.4 
 CONFIDENTIAL 
 **** INDICATES CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION SEPARATELY WITH A REQUEST FOR CONFIDENTIAL TREATMENT. 
 AMENDED & RESTATED SUPPLY AGREEMENT 
 This Amended & Restated Supply
Agreement is made as of the last date set forth on the signature page hereto (the “Effective Date”) between JIANGXI JINKO SOLAR CO., LTD., a People’s Republic of China (Jiangxi) company (hereinafter
“JINKO”) and HOKU MATERIALS, INC., a Delaware corporation (hereinafter “HOKU”). HOKU and JINKO are sometimes referred to in the singular as a “Party” or in the plural as the
“Parties”. 
 RECITALS 
 Whereas JINKO is formerly known as JIANGXI KINKO ENERGY CO., LTD. 
 Whereas, HOKU and JINKO are parties to that certain Supply Agreement dated as of July 25, 2008, as amended by that certain Amendment No. 1 to Supply Agreement dated as of January 8, 2009
(together, the “Supply Agreement”), pursuant to which JINKO has agreed to purchase from HOKU, and HOKU has agreed to sell to JINKO, **** metric tons of Products per Year over a ten Year period. 
 Whereas, pursuant to the Supply Agreement, JINKO has paid to HOKU twenty million U.S. dollars (USD $20,000,000) towards to the Total Deposit (the
“Prior Payments”). 
 Whereas, JINKO has informed HOKU that five million U.S. dollars (USD $5,000,000) of the Prior
Payment (the “ALEX Contribution”) was contributed by SHANGHAI ALEX NEW ENERGY CO., LTD (“ALEX”). 
 Whereas, HOKU and ALEX have entered into that certain Supply Agreement of even date herewith (the “ALEX Supply Agreement”), the effectiveness of which is contingent upon the payment by ALEX to HOKU of two million
U.S. dollars (USD $2,000,000) no later than ten (10) business days after the signing of the ALEX Supply Agreement by ALEX (the “Second ALEX Deposit”). 
 Whereas, HOKU is a wholly owned subsidiary of Hoku Scientific, Inc. (“Hoku Scientific”), which is listed on the Nasdaq Global Market, and HOKU is the operating company that owns
all of the assets for Hoku Scientific’s polysilicon business. 
 Whereas, JINKO is a high-tech overseas funded enterprise and a subsidiary
of Hong Kong Paker Technology Co., Ltd, which manufactures monocrystalline and multicrystalline ingots for photovoltaic applications. 
 Whereas, subject to the effectiveness of the ALEX Supply Agreement upon HOKU’s receipt of the Second ALEX Deposit, HOKU and JINKO desire to amend and restate the Supply Agreement in its entirety, as set forth herein to, among other
things, reduce JINKO’s annual purchase commitment, and HOKU’s annual supply commitment, to **** metric tons of Products per Year over a ten Year period. 
 Whereas, in exchange for HOKU’s agreement to allocate the supply of polysilicon, JINKO desires to provide HOKU with a firm order for polysilicon upon the terms and conditions provided herein.

  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 1 

 CONFIDENTIAL 
  

 NOW, THEREFORE, in furtherance of the foregoing Recitals and in consideration of the mutual covenants
and obligations set forth in this Agreement, the Parties hereby agree as follows: 
 1. This Amended & Restated Supply Agreement shall
become effective upon HOKU’s receipt in full of the Second ALEX Deposit pursuant to the ALEX Supply Agreement (the “Effective Date”). If ALEX fails to pay the Second ALEX Deposit within ten (10) business days after
the signing of the ALEX Supply Agreement by ALEX, then this Amended & Restated Supply Agreement shall be null and void, and the Supply Agreement shall continue in full force and effect without amendment. 
 2. Definitions. 
 The following terms used
in this Agreement shall have the meanings set forth below: 
 2.1. “Affiliate” shall mean, with respect
to either Party to this Agreement, any entity that is controlled by or under common control with such Party. 
 2.2.
“Agreement” shall mean this Amended & Restated Supply Agreement and all appendices annexed to this Agreement as the same may be amended from time to time in accordance with the provisions hereof. 
 2.3. “First Shipment Date” shall mean the first day after November 30, 2009, when HOKU commences deliveries to
JINKO of Products pursuant to this Agreement. 
 2.4. “Facility” shall mean any facility used by HOKU
for the production of the Product. 
 2.5. “Independent Expert” means any Qualified Laboratory that is
reasonably acceptable to each of HOKU and JINKO; provided, however that if such parties cannot agree on the Independent Expert within ten (10) days, each Party shall select one independent expert form the list of Qualified Laboratories, and
those two independent experts shall select the Independent Expert. 
 2.6. “Minimum Annual Quantity of
Product” means **** metric tons (**** kilograms). 
 2.7. “Product” shall mean the raw
polysilicon in chunk form manufactured by HOKU and sold to JINKO pursuant to this Agreement. 
 2.8. “Product
Specifications” shall mean the quality and other specifications set forth on Appendix 2 to this Agreement. 
 2.9.
“Qualified Laboratory” means each qualified laboratory set forth on Appendix 2 to this Agreement. 
 2.10. “Term” shall mean the period during which this Agreement is in effect, as more specifically set forth in Section 10 of this Agreement. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 2 

 CONFIDENTIAL 
  

 2.11. “Total Deposit” shall mean all deposits or prepayments
actually made by JINKO to HOKU hereunder, including, the Initial Deposit of fifteen million (15,000,000) U.S. dollars, the Third Deposit of three million (3,000,000) U.S. dollars, and the Fourth Deposit of two million (2,000,000) U.S.
dollars, in the aggregate amount of twenty million U.S. dollars ($20,000,000), each as defined in Section 6 below. 
 2.12.
“Year” shall mean each of the ten (10) twelve-month periods commencing on the First Shipment Date. 
 3.
Ordering. Starting on the First Shipment Date and each Year during the term of this Agreement thereafter, JINKO agrees to purchase from HOKU, and HOKU agrees to sell to JINKO, the Minimum Annual Quantity of Product at the prices set forth on
Appendix 1 to this Agreement (the “Pricing Schedule”). This Agreement constitutes a firm order from JINKO for **** metric tons of Product that cannot be cancelled during the term of this Agreement, except as set forth in
Section 10 below. 
 4. Supply Obligations. 
 4.1. HOKU shall deliver each Year pursuant to this Agreement starting on the First Shipment Date at least the Minimum Annual Quantity of Product in approximately equal monthly shipments pursuant to
Section 5.1 below; provided however, that if HOKU fails to deliver a monthly shipment, then HOKU may deliver any deficiency (i.e., the difference between the scheduled Minimum Monthly Quantity (as defined below) and the amount of Product
actually delivered, the “Deficiency”) within **** days without breaching this section or incurring any purchase price adjustment (pursuant to Section 4.3 below, which provides that if HOKU does not supply any Products
pursuant to Section 4.1 or 4.2 within **** days of the scheduled delivery date, HOKU will provide JINKO with a purchase price adjustment equal to **** percent **** of the value of the respective delayed Products for each week or part thereof
that the Product shipment (or part thereof) is delayed beyond the **** day grace period. At any time during the term of this Agreement, HOKU may ship to JINKO up to the full cumulative balance of Minimum Annual Quantity of Product to be shipped
through the end of this Contract (an “Excess Shipment”) with JINKO’s prior written consent. This shipment will be credited against each subsequent Minimum Annual Quantity of Product. For example, if the Minimum Annual
Quantity of Product for a given Year is **** metric tons, and if HOKU delivers **** metric tons in January, then the next shipment of **** metric tons is not required until the following Year. HOKU shall deliver any deficiency in the Minimum Annual
Quantity of Product within the first quarter in the next Year. Any deficient shipments of the Minimum Annual Quantity of Product which are delayed beyond the first quarter of the next Year shall be deemed to constitute a material breach of this
Agreement pursuant to Section 10.2.1. For the avoidance of doubt, each monthly shipment shall be applied first to satisfy the Minimum Monthly Quantity for that calendar month. Any Product in excess of this amount shall then be applied to reduce
the oldest outstanding Deficiency. 
 4.2. HOKU intends to manufacture the Products at its Facility; however, notwithstanding
anything to the contrary herein, HOKU may deliver to JINKO Products that are manufactured by a third party other than HOKU (“Alternative Products”), provided that the Products meet the Product Specifications and price set
forth in this Agreement. The Alternative Products shall conform to all warranties and representations of HOKU hereunder, and the quality, price, delivery, and any other material terms and conditions of the Alternative Products shall be no less
favorable than the terms and conditions set forth in this Agreement. Delivery of the Alternative Products shall not release or mitigate HOKU’s liabilities and obligations hereunder except that delivery of the Alternative Products is deemed to
be delivery of Products, and JINKO shall have the same rights and HOKU shall have the same obligations as set forth hereunder with respect to any Alternative Products. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 3 

 CONFIDENTIAL 
  

 4.3. Except in the case of a force majeure pursuant to Section 13 below, if at any
time after ****, HOKU does not supply any Products pursuant to Section 4.1 or 4.2 within **** days of the scheduled delivery date, HOKU will provide JINKO with a purchase price adjustment. Such purchase price adjustment shall be **** percent
**** of the value of the respective delayed Products for each week or part thereof that the Product shipment (or part thereof) is delayed beyond the **** day grace period. Any purchase price adjustment as a result of this Section 4.3 will be
paid by HOKU at the end of the term of the applicable calendar quarter. In lieu of making a cash payment to JINKO pursuant to this Section 4.3, HOKU may, at its option, pay for such purchase price adjustment in the form of a credit issued for
future shipments of Products. Notwithstanding anything to the contrary, the maximum amount of such purchase price adjustment shall not exceed **** percent **** of the value of the respective delayed Products. Monthly shipments which are delayed
beyond **** days shall be deemed to constitute a material breach of this Agreement pursuant to Section 10.2.1 below. Notwithstanding the foregoing, if JINKO fails to make a payment to HOKU within the **** day period set forth in
Section 6.4 below, HOKU shall not be required to supply any Product to JINKO until HOKU has received the past due amount including any interest payable thereon pursuant to this Agreement. For the avoidance of doubt, JINKO’s right to reduce
the purchase price pursuant to this Section 4.3 shall not apply if HOKU is not fulfilling its supply obligations for this reason. Monthly shipments which are delayed more than **** days in a calendar year AND are less than **** of the Minimum
Annual Quantity of Product shall be deemed to constitute a material breach of this Agreement pursuant to Section 10.2.1. 
 4.4. HOKU hereby covenants and agrees that during the term of this Agreement, and provided that JINKO is not in breach of any material term of this Agreement, including, without limitation, its payment obligations hereunder, HOKU shall not
ship Products to any third party that is not one of HOKU’s Other Customers (e.g., spot market sales), until HOKU has satisfied its delivery obligations to JINKO pursuant to Section 4.1 of this Agreement. 
 5. Shipping & Delivery. 
 5.1. Except as provided in Section 4.2 above, shipments shall be made from the Facility on a monthly basis in accordance with a shipment schedule that will be provided by HOKU each Year under this
Agreement and reviewed and approved by JINKO (the “Shipment Schedule”) no later than **** days prior to the applicable Year. The Shipment Schedule shall provide for approximately equal monthly shipments that add up to the
Minimum Annual Quantity of Products (the “Minimum Monthly Quantity”), but not less than **** of the Minimum Annual Quantity of Products (the “Guaranteed Monthly Quantity”). HOKU will use commercially
reasonable efforts to make monthly shipments available on or about the fifteenth (15th) day of each month, and will advise JINKO approximately seven (7) days prior to the expected ship date; provided, however, that JINKO may request an alternate shipping date that is within
fourteen (14) days after the advised schedule. Product shall be ready to ship EXW the HOKU Facility (INCOTERMS 2000). 
 5.2. HOKU will use commercially reasonable efforts to make available to JINKO its first shipment of Products on December 1, 2009. Notice of any expected delay beyond this date shall be in writing to JINKO not later than
September 1, 2009. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 4 

 CONFIDENTIAL 
  

 6. Payments & Advances. The Total Deposit shall be used only by HOKU for polysilicon
facilities construction, operation, administration, and other expenses and investments related to HOKU’s polysilicon business. 
 6.1. HOKU acknowledges receipt of fifteen million U.S. dollars ($15,000,000) from JINKO (the “Initial Deposit”), plus five million U.S. dollars ($5,000,000) from ALEX. JINKO acknowledges and agrees that, upon the
effectiveness of this Agreement pursuant to Section 1 above, it shall have no rights or claims against HOKU with respect to the ALEX Contribution, including, without limitation, any rights to a refund of the ALEX Contribution upon any past,
present, or future breach of this Agreement by HOKU. 
 6.2. On or before March 25, 2009, JINKO shall provide HOKU with a
deposit of three million U.S. dollars ($3,000,000) via wire transfer of immediately available funds (the “Third Deposit”) as advance payment for Products to be delivered under this Agreement. 
 6.3. On or before June 24, 2009, JINKO shall provide HOKU with a deposit of two million U.S. dollars ($2,000,000) via wire transfer of
immediately available funds (the “Fourth Deposit” and together with the Initial Deposit and the Third Deposit, the “Total Deposit”) as advance payment for Products to be delivered under this Agreement.

 6.4. HOKU shall invoice JINKO at or after the time of each shipment of Products to JINKO. Taxes, customs and duties, if any,
will be identified as separate items on HOKU invoices. All invoices shall be sent to JINKO’s address as provided herein. Payment terms for all invoiced amounts shall be **** days from date of shipment. All payments shall be made in U.S.
dollars. Unless HOKU is entitled to retain the Total Deposit as liquidated damages pursuant to Section 12 below, shipments to JINKO shall be credited against the Total Deposit on a straight-line basis during the second through tenth Year.

 6.5. The prices are EXW prices (INCOTERMS 2000). The prices for the Products do not include any excise, sales, use, import,
export or other similar taxes, such taxes will not include income taxes or similar taxes, which taxes will be invoiced to and paid by JINKO, provided that JINKO is legally or contractually obliged to pay such taxes. JINKO shall be responsible for
all transportation charges, duties or charges, liabilities and risks for shipping and handling (and hereby indemnifies HOKU for such costs, liabilities and risks); thus, the price for the Products shall not include any such charges. 
 6.6. Late payments and outstanding balances shall accrue interest at the lesser of **** per annum or the maximum allowed by law. 

7. Security Interest. 
 7.1. Subject to receipt of the Initial Deposit or payment of any portion of the Total Deposit HOKU hereby grants to JINKO a security interest to secure the repayment by HOKU to JINKO of amounts of the Total Deposit actually paid to HOKU,
following any of the events set forth in Section 10.5 below, which shall be subordinated in accordance with Section 7.2 below, in all of the tangible and intangible assets related to HOKU’s polysilicon business (the
“Collateral”). 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 5 

 CONFIDENTIAL 
  

 7.2. JINKO acknowledges and agrees that the security interests and liens in the
Collateral will not be first priority security interests, will be expressly subordinated to HOKU’s third-party lenders (the “Senior Lenders”) that provide debt financing for the construction of any HOKU Facility, and may
be subordinated as a matter of law to other security interests, and to security interests that are created and perfected prior to the security interest granted to JINKO hereby. JINKO shall enter into subordination agreements with the Senior Lenders
on terms and conditions reasonably acceptable to the Senior Lenders. 
 7.3. In addition, JINKO shall enter into collateral,
intercreditor and other agreements (the “Collateral Agreements”) with HOKU’s Senior Lenders, and with Suntech Power Holding Co., Ltd., Solarfun Power Hong Kong Limited, Tianwei New Energy (Chengdu) Wafer Co., Ltd,
Wealthy Rise International, Ltd. (Solargiga), ALEX, and HOKU’s other customers who provide prepayments for Products (collectively, “HOKU’s Other Customers”), as may be reasonably necessary to ensure that the
security interest granted hereby is pari passu with the security interests that may be granted to HOKU’s Other Customers. JINKO may not unreasonably refuse to sign any such Collateral Agreement, provided that such Collateral Agreement grants
JINKO a pari passu priority with respect to HOKU’s Other Customers, and is expressly subordinated to the Senior Lenders. 
 7.4. The security interest granted hereby shall continue so long as HOKU continues to maintain any amount of the Total Deposit, and only to the extent of such remaining amount of the Total Deposit being held by HOKU, which has not been
credited against the shipment of Products pursuant to this Agreement, or otherwise repaid to JINKO. Notwithstanding anything to the contrary contained in this Agreement, the Collateral consisting of real property shall secure only the obligations of
HOKU to refund any portion of the Total Deposit to JINKO in accordance with the terms of this Agreement. When the Total Deposit is no longer held by HOKU, JINKO will sign such documents as are necessary to release its security interests. 

7.5. HOKU and JINKO each agree to act in good faith to execute and deliver any additional document or documents that may be required in
furtherance of the foregoing provisions of this Section 7, including the Collateral Agreements, and in any event, HOKU and JINKO shall enter into the Collateral Agreements prior to HOKU granting any senior security interest to the Senior
Lenders. Neither HOKU nor JINKO may unreasonably refuse to sign any such document. 
 8. Product Quality Guarantee. 
 8.1. HOKU warrants to JINKO that the Products shall meet the Product Specifications. For each shipment, this warranty shall survive for the
lesser of (a) **** days after JINKO receives the Products; or (b) **** days after the release of the Products by HOKU at EXW origin (INCOTERMS 2000) (the “Warranty Period”). Upon release of the Products to a common
carrier or freight forwarder, EXW origin (INCOTERMS 2000), HOKU warrants that the Products shall be free of all liens, mortgages, encumbrances, security interests or other claims or rights. HOKU will, upon prompt notification and compliance with
JINKO’s instructions, refund or replace, at JINKO’s sole option, any Product which does not meet the Product Specifications, and JINKO shall comply with the inspection and return goods policy described in Section 9 below with respect
to such Products. HOKU shall be responsible for all replacement costs, including but not limited to transportation, taxes and customs charges, and, in the case of a replacement, shall use commercially reasonable efforts to replace such non-complying
Products within **** days after expiration of the **** day period described in Section 9.3 below. No employee, agent or representative of HOKU has the authority to bind HOKU to any oral representation or warranty concerning the Products. Any
oral representation or warranty made prior to the purchase of any Product and not set forth in writing and signed by a duly authorized officer of HOKU shall not be enforceable by JINKO. HOKU makes no warranty and shall have no obligation with
respect to damage caused by or resulting from accident, misuse, neglect or unauthorized alterations to the Products. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 6 

 CONFIDENTIAL 
  

 8.2. HOKU EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES, WHETHER EXPRESS OR IMPLIED,
INCLUDING THE WARRANTIES OF MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. HOKU’s sole responsibility and JINKO’s exclusive remedy for any claim arising out of the purchase of any Product is a refund or replacement, as described
above. In no event shall any Party’s liability exceed the purchase price paid therefore; nor shall HOKU be liable for any claims, losses or damages of any individual or entity or for lost profits or any special, indirect, incidental,
consequential, or exemplary damages, howsoever arising, even if the Party has been advised of the possibility of such damages. 
 8.3. HOKU shall, at its own expense, indemnify and hold JINKO and its Affiliates harmless from and against any expense or loss resulting from any actual or alleged infringement of any patent, trademark, trade secret, copyright, mask work or
other intellectual property related to the Products, and shall defend at its own expense, including attorneys fees, any suit brought against JINKO or JINKO’s Affiliates alleging any such infringement. JINKO agrees that: (i) JINKO shall
give HOKU prompt notice in writing of any such suit; (ii) if HOKU provides evidence reasonably satisfactory to JINKO of HOKU’s financial ability to defend the matter vigorously and pay any reasonably foreseeable damages, JINKO shall permit
HOKU, through counsel of HOKU’s choice, to answer the charge of infringement and defend such suit (but JINKO, or JINKO’s Affiliate may be represented by counsel and participate in the defense at its own expense); and (iii) JINKO shall
give HOKU all needed information, assistance, and authority, at HOKU’s expense, to enable HOKU to defend such suit. In case of a final award of damages in any such suit HOKU shall pay such award, but shall not be responsible for any settlement
made without its prior consent. Except as otherwise expressly set forth herein, HOKU disclaims any obligation to defend or indemnify JINKO, its officers, agents, or employees, from any losses, damages, liabilities, costs or expenses which may arise
out of the acts of omissions of HOKU. 
 9. Inspection and Return Goods Policy. 
 9.1. An inspection of appearance of each shipment of Product shall be made by JINKO in accordance with sound business practice upon the
delivery of the Product, and in no case later than **** after delivery at JINKO’s factory. JINKO shall inform HOKU promptly, and in no case later than **** after delivery of Product at JINKO’s factory, in case of any obvious damages or
other obvious defects to the Product which JINKO discovers under the inspection of appearance. 
 9.2. JINKO shall perform final
inspection of the Product upon introducing the Product into JINKO’s production process. Such inspection shall take place during the Warranty Period. If the Product does not meet the Product Specifications, JINKO shall notify HOKU in writing
without undue delay after the inspection and, together with the notification, submit to HOKU documentary evidence of the result of the final inspection whereupon HOKU shall have the right to undertake its own inspection prior to any return of the
Products pursuant to Section 9.3 below. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 7 

 CONFIDENTIAL 
  

 9.3. Non-complying Products may be returned to HOKU within the later of (a) ****
after discovery of a defect consistent with Sections 9.1 and 9.2 above; and (b) **** after HOKU completes its inspection and confirms the defect pursuant to Section 9.2 above, for replacement or a refund including all return shipment
expenses. To assure prompt handling, HOKU shall provide JINKO a return goods authorization number within 48 hours of JINKO’s request. Provided that HOKU communicates this number to JINKO within such timeframe, JINKO will reference this number
on return shipping documents. Returns made without the authorization number provided by HOKU in accordance with the foregoing may be subject to HOKU’s reasonable charges due to HOKU’s additional handling costs; provided, however, if HOKU
fails to provide JINKO such authorization number within such time frame without reasonable cause, HOKU shall bear all handling costs incurred in returning the non-complying products. HOKU reserves the right to reverse any credit issued to JINKO if,
upon return, such Product is determined by an Independent Expert not to be defective. The conclusion of the Independent Expert shall be final, binding and non-appealable in respect of the conformity of the Products to the warranties set forth in
Section 8.1 above. The fees and expenses of the Independent Expert shall be paid solely by the party that does not succeed in the dispute. 
 9.4. The following shall be deemed to constitute a material breach of this Agreement by HOKU pursuant to Section 10.2.1: (A) if HOKU delivers **** consecutive monthly shipments where more than
**** percent **** of the Products in each such shipment do not meet the Product Specifications, or (B) HOKU delivers **** or more monthly shipments during any Year where **** percent **** of the Products in each such shipment do not meet the
Product Specifications. 
 10. Term and Termination. 
 10.1. The term of this Agreement shall begin on the Effective Date and provided that the first delivery of the Product under this Agreement shall occur on December 31, 2009 or earlier, and unless
previously terminated as hereinafter set forth, shall remain in force for a period of ten Years beginning with the First Shipment Date. 
 10.2. Each Party may, at its discretion, upon written notice to the other Party, and in addition to its rights and remedies provided under this Agreement or any other agreement executed in connection with
this Agreement and at law or in equity, terminate this Agreement in the event of any of the following: 
 10.2.1. Upon a
material breach of the other Party of any material provision in this Agreement, and failure of the other Party to cure such material breach within **** days after receiving written notice thereof; provided, however, that such cure period shall not
modify or extend the **** day cure period for HOKU’s delivery obligations pursuant to Section 4.3 above; and provided, further that such **** day cure period shall not apply to JINKO’s failure to make any payment to HOKU pursuant to
this Agreement. In the event of JINKO’s failure to make payment on the **** day payment terms set forth in Section 6.4 hereof, termination by HOKU shall require the issuance of a written notice of default containing the threat of immediate
termination if payment is not made within an additional grace period of not less than **** business days. For purposes of this Section 10.2.1, a “material breach” means a monthly shipment which is delayed beyond **** days, a payment
default or any other material breach of this Agreement which materially and adversely affects a Party or which occurs on multiple occasions. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 8 

 CONFIDENTIAL 
  

 10.2.2. Upon the voluntary or involuntary initiation of bankruptcy or insolvency
proceedings against the other Party; provided, that for an involuntary bankruptcy or insolvency proceeding, the Party subject to the proceeding shall have sixty (60) working days within which to dissolve the proceeding or demonstrate to the
terminating Party’s satisfaction the lack of grounds for the initiation of such proceeding; 
 10.2.3. If the other Party
(i) becomes unable, or admits in writing its inability, to pay its debts generally as they mature, (ii) becomes insolvent (as such term may be defined or interpreted under any applicable statute); or 
 10.2.4. In accordance with the provisions of Section 13 (Force Majeure) below; provided, however, that JINKO may not terminate this
Agreement pursuant to Section 13 if HOKU is supplying Products to JINKO pursuant to Section 4.2 of this Agreement. 
 10.2.5. Without limiting the foregoing, JINKO shall have the right to terminate this Agreement immediately if HOKU fails to deliver the first shipment of the Minimum Monthly Quantity of Products on or before December 31, 2009.

 10.3. Subject to the effectiveness of this Agreement, HOKU shall have the right to thereafter terminate this Agreement if
(A) on or before March 25, 2009, JINKO has failed to pay the Third Deposit, in which case HOKU may retain the Initial Deposit of fifteen million (15,000,000) U.S. dollars as liquidated damages; (B) on or before June 24,
2009, JINKO has failed to pay the Fourth Deposit, in which case HOKU may retain the Initial Deposit of fifteen million (15,000,000) U.S. dollars and the Third Deposit of three million (3,000,000) U.S. dollars as liquidated damages.

 10.4. Upon the expiration or termination of this Agreement howsoever arising, the following Sections shall survive such
expiration or termination: Sections 2 (Definitions); Section 8 (Product Quality Guarantee), Section 9 (Inspection and Return Goods Policy); Section 10 (Term and Termination); Section 11 (Liability); Section 12 (Liquidated
Damages); and Section 14 (General Provisions). 
 10.5. If JINKO terminates this Agreement pursuant to Section 10.2.1,
10.2.2, 10.2.3, 10.2.4, 10.2.5, or 13 then any funds remaining on the Total Deposit on such date of termination shall be returned to JINKO, plus interest equal to the amount set forth in Section 6.6 for each year since the Initial Deposit was
paid to HOKU by JINKO; provided however that if JINKO is in material breach of this Agreement at the time it terminates this Agreement, then HOKU shall not be required to repay any remaining amount of the Total Deposit up to the amounts of
HOKU’s direct loss from such material breach (unless JINKO cures such breach within the applicable cure period) or JINKO’s other outstanding and unpaid obligations hereunder (including, without limitation, obligations under
Section 12). If HOKU terminates this Agreement pursuant to Section 10.2.1, 10.2.2, 10.2.3, 10.2.4, or 13 then HOKU shall be entitled to retain the Total Deposit including any funds remaining on the Total Deposit on such date of termination
in accordance with Section 12. “Funds remaining” on the Total Deposit are funds not applied against JINKO’s purchase of Product, pursuant to Section 6.4 above, for Product actually shipped to JINKO hereunder.
If JINKO terminates this Agreement pursuant to Section 10.2.1 or 10.2.5 due to HOKU’s failure to deliver Products pursuant to this Agreement, then one hundred fifty percent (150%) of the funds remaining on the Total Deposit on such
date of termination shall be returned to JINKO. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 9 

 CONFIDENTIAL 
  

 11. Liability. 
 11.1. IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR FOR EXEMPLARY OR PUNITIVE DAMAGES, EVEN IF JINKO OR HOKU HAS BEEN ADVISED OF THE POSSIBILITY OF
SUCH DAMAGES. 
 11.2. NEITHER PARTY’S TOTAL LIABILITY TO THE OTHER FOR ANY KIND OF LOSS, DAMAGE OR LIABILITY ARISING UNDER
OR IN CONNECTION WITH THIS AGREEMENT, UNDER ANY THEORY OF LIABILITY, SHALL EXCEED IN THE AGGREGATE THE TOTAL DEPOSIT, EXCEPT WITH RESPECT TO JINKO’S CONTINUING OBLIGATION TO PURCHASE THE PRODUCTS AS SET FORTH HEREIN. 
 12. Liquidated Damages. THE PARTIES ACKNOWLEDGE AND AGREE THAT ANY BREACH OF THIS AGREEMENT BY JINKO MAY CAUSE IRREPARABLE AND IMMEASURABLE DAMAGE TO
HOKU. BECAUSE IT IS DIFFICULT TO MEASURE THESE DAMAGES, IN THE EVENT THAT THIS AGREEMENT IS TERMINATED BY HOKU PURSUANT TO SECTION 10.2.1, 10.2.2, 10.2.3, 10.2.4, 10.3 or 13, THEN HOKU SHALL BE ENTITLED TO RETAIN AS LIQUIDATED DAMAGES, THE TOTAL
DEPOSIT (INCLUDING ANY REMAINING PORTION THEREOF NOT CREDITED AGAINST PRODUCT SHIPMENTS). ANY AMOUNTS DUE FOR UNDELIVERED PRODUCT UNDER THIS AGREEMENT ARE STILL DUE, UNLESS OTHERWISE AGREED BY BOTH PARTIES IN WRITING. 
 13. Force Majeure. Neither Party shall be liable to the other Party for failure of or delay in performance of any obligation under this Agreement,
directly, or indirectly, owing to acts of God, war, war-like condition, embargoes, riots, strike, lock-out and other events beyond its reasonable control which were not reasonably foreseeable and whose effects are not capable of being overcome
without unreasonable expense and/or loss of time to the affected Party (i.e., the Party that is unable to perform). If such failure or delay occurs, the affected Party shall notify the other Party of the occurrence thereof as soon as possible, and
the Parties shall discuss the best way to resolve the event of force majeure. If the conditions of Force Majeure continue to materially impede performance of any material obligation under this Agreement for a period of more than three
(3) consecutive calendar months, then the non-affected Party shall be entitled to terminate this Agreement by 30 days’ prior written notice to the other Party. For the purposes of this Section 13, the inability of JINKO to receive,
accept or take delivery of Products that have been made available by HOKU pursuant to this Agreement shall not constitute an event of force majeure. 
 14. Visitation Rights; Project Updates. 
 14.1. Beginning on the Effective Date, and until the First Shipment
Date or the earlier termination of this Agreement pursuant to Section 10 above, JINKO shall have the right to visit the HOKU Facility in Pocatello, Idaho, USA, for the limited purpose of evaluating HOKU’s progress towards completing the
construction of its polysilicon production facilities. JINKO shall provide HOKU with at least five (5) business days’ prior notice of any such visit, and may not visit more than two times each calendar quarter. HOKU reserves the right to
refuse access to any individual who is not subject to HOKU’s non-disclosure agreement. JINKO shall agree to abide by all of HOKU’s safety and security requirements and instructions for the HOKU Facility. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 10 

 CONFIDENTIAL 
  

 14.2. Beginning on the Effective Date, and until the First Shipment Date or the earlier
termination of this Agreement pursuant to Section 10 above, HOKU shall provide JINKO with monthly updates on the progress of the construction of the HOKU polysilicon production facilities, including, without limitation, an explanation of any
potential delays in meeting its shipment obligations to JINKO. 
 15. Wafer Tolling Services. JINKO agrees to provide HOKU, at
HOKU’s sole option, wafer manufacturing (tolling) services for up to **** metric tons of polysilicon per Year for the term of the Supply Agreement. If HOKU so elects in any given Year, then the polysilicon to be manufactured into wafers shall
be provided by HOKU in addition to the **** metric tons of polysilicon due to JINKO during the applicable Year under the terms of this Agreement, and shall be provided to JINKO at HOKU’s cost. The Parties agree that per-wafer pricing for this
service shall be determined through negotiation on an annual basis. These negotiations shall be concluded no later than two months prior to the commencement of the applicable Year, at which time HOKU shall provide JINKO with an estimate of the
expected volume, if any, of polysilicon to be manufactured into wafers during the Year to follow. JINKO shall affirm that the pricing offered to HOKU at such time shall be JINKO’s most preferential rate, and no greater than ****.
Notwithstanding the foregoing, the Parties shall enter into a separate contract, after negotiation, to provide the terms and conditions with respect to the above wafer tolling services. 
 16. General Provisions. 
 16.1. JINKO and HOKU each represent and warrant
to each other that this Agreement has been duly authorized by their respective Boards of Directors and shareholders, as applicable, and that the execution of this Agreement and the performance of each Party’s respective obligations hereunder
will not conflict with any other agreement to which HOKU or JINKO, as applicable, is a party. 
 16.2. JINKO acknowledges that
it is the policy of HOKU to scrupulously comply with the Foreign Corrupt Practices Act of 1977 (as amended, the “FCPA”) and to adopt appropriate and reasonable practices and procedures that are undertaken in such a manner as
to substantially eliminate the potential for violation of the FCPA. JINKO further acknowledges that it shall be bound by any law, regulation or other legal enactment, that prohibits corrupt practices of the type or nature described in the FCPA and
that is applicable to JINKO, and JINKO hereby represents and warrants that neither HOKU, nor to JINKO’s knowledge, any other authorized person or entity associated with or acting for or on behalf of HOKU, has knowingly directly or indirectly
made any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to JINKO, whether in money, property, or services (i) to obtain favorable treatment in securing business from JINKO, (ii) to pay for
favorable treatment for business secured from JINKO, or (iii) to obtain special concessions or for special concessions already obtained from JINKO, for or in respect of HOKU, in violation of any legal requirement or applicable law. 

16.3. This Agreement shall be construed under and governed by the laws of the State of California, U.S.A. 
 16.4. Upon notice from one Party to the other of a dispute hereunder, the Parties agree to hold a meeting within thirty (30) days of
receipt of such notice with at least one (1) representative from each Party who has decision-making authority for such company. At this meeting, the Parties will attempt to resolve the dispute in good faith. If, after the meeting, the dispute
has not been resolved, only then may a Party resort to litigation. Any proceeding to enforce or to resolve disputes relating to this Agreement shall be brought in California, USA. In any such proceeding, neither Party shall assert that such a court
lacks jurisdiction over it or the subject matter of the proceeding. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 11 

 CONFIDENTIAL 
  

 16.5. HOKU may assign this Agreement to any of its Affiliates, and may assign its rights
under this Agreement to any collateral agent as collateral security for HOKU’s secured obligations in connection with the financing a HOKU Facility, without the consent of JINKO. Except as stated in the previous sentence, neither HOKU nor JINKO
may assign this Agreement to a third party without the prior written consent of the other Party, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, an assignment of this Agreement by either Party in connection with a
merger, acquisition, or sale of all or substantially all of the assets or capital stock of such Party shall not require the consent of the other Party. If this Agreement is assigned effectively to a third party, this Agreement shall bind upon
successors and assigns of the Parties hereto. 
 16.6. All notices delivered pursuant to this Agreement shall be in writing and
in the English language. Except as provided elsewhere in this Agreement, a notice is effective only if the Party giving or making the notice has complied with this Section 16.6, and if the addressee has received the notice. A notice is deemed
to have been received as follows: 
  

	 	(a)	If a notice is delivered in person, or sent by registered or certified mail, or nationally or internationally recognized overnight courier, upon receipt as indicated by
the date on the signed receipt; or 

  

	 	(b)	If a notice is sent by facsimile, upon receipt by the Party giving the notice of an acknowledgment or transmission report generated by the machine from which the
facsimile was sent indicating that the facsimile was sent in its entirety to the addressee’s facsimile number. 

 Each Party
giving a notice shall address the notice to the appropriate person at the receiving Party at the addresses listed below or to a changed address as the Party shall have specified by prior written notice: 
 JINKO: 
 JIANGXI JINKO SOLAR CO., LTD. 

JINKO Road, Xuri District, Economic Development Zone, Shangrao, China 
 Tel: +86-793-8469699 
 Fax: +86-793-8461152 
 Attn: Mr. Xian De Li 
 HOKU: 
 HOKU MATERIALS, INC. 
 One Hoku Way 
 Pocatello, Idaho 83204 USA 
 Attn: Mr. Dustin
Shindo, CEO 
 Facsimile: +1 (808) 440-0357 
 With a copy to: 
 HOKU SCIENTIFIC, INC. 
 1288 Ala Moana Blvd, Suite 220 
 Honolulu, HI 96814
USA 
 Attn: Mr. Dustin Shindo, CEO 
 Facsimile: +1 (808) 440-0357 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 12 

 CONFIDENTIAL 
  

 16.7. The waiver by either Party of the remedy for the other Party’s breach of or
its right under this Agreement will not constitute a waiver of the remedy for any other similar or subsequent breach or right. 
 16.8. If any provision of this Agreement is or becomes, at any time or for any reason, unenforceable or invalid, no other provision of this Agreement shall be affected thereby, and the remaining provisions of this Agreement shall continue
with the same force and effect as if such unenforceable or invalid provisions had not been inserted in this Agreement. 
 16.9.
No changes, modifications or alterations to this Agreement shall be valid unless reduced to writing and duly signed by respective authorized representatives of the Parties. 
 16.10. No employment, agency, trust, partnership or joint venture is created by, or shall be founded upon, this Agreement. Each Party
further acknowledges that neither it nor any Party acting on its behalf shall have any right, power or authority, implied or express, to obligate the other Party in any way. 
 16.11. Neither Party shall make any announcement or press release regarding this Agreement or any terms thereof without the other
Party’s prior written consent; provided, however, that the Parties will work together to issue a joint press release within fourteen (14) days after execution of this Agreement. Notwithstanding the foregoing, either Party may publicly
disclose the material terms of this Agreement pursuant to the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, or other applicable law; provided, however, that the Party being required
to disclose the material terms of this Agreement shall provide reasonable advance notice to the other Party, and shall use commercially reasonable efforts to obtain confidential treatment from the applicable governing entity for all pricing and
technical information set forth in this Agreement. 
 16.12. This Agreement shall become effective only in accordance with
Section 1 above, and thereafter, this Agreement shall constitute the entire agreement between the Parties and supersede all prior proposal(s), discussions, and agreements relative to the subject matter of this Agreement including without
limitation the Supply Agreement and neither of the Parties shall be bound by any conditions, definitions, warranties, understandings or representations with respect to such subject matter other than as expressly provided herein. No oral explanation
or oral information by either Party hereto shall alter the meaning or interpretation of this Agreement. HOKU waives all its rights with respect to breaches by JINKO of Section 5.1, 5.2 and 5.4 of the Supply Agreement dated July 25, 2008
effective before this Agreement. 
 16.13. The headings are inserted for convenience of reference and shall not affect the
interpretation and or construction of this Agreement. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 13 

 CONFIDENTIAL 
  

 16.14. Words expressed in the singular include the plural and vice-versa. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 14 

 CONFIDENTIAL 
  
 IN WITNESS WHEREOF, the Parties have executed this Amended & Restated Supply Agreement as of the date first set forth
above. 
  

									
	JINKO:	 		 	HOKU:
			
	JIANGXI JINKO SOLAR CO., LTD.	 		 	HOKU MATERIALS, INC.
					
	By:	 	 /s/ Xiande Li
	 		 	By:	 	 /s/ Dustin Shindo

					
	Name:	 	 Xiande Li
	 		 	Name:	 	 Dustin Shindo

					
	Title:	 	 Chairman
	 		 	Title:	 	 CEO

	Authorized Signatory	 		 	Authorized Signatory
					
	Date:	 	 February 26, 2009
	 		 	Date:	 	 February 26, 2009

  

 SIGNATURE PAGE TO AMENDED &
RESTATED SUPPLY AGREEMENT 
 PAGE 15 

 CONFIDENTIAL 
  
 APPENDIX 1 
 PRICING SCHEDULE 
 * * * * 
 If there is uncertainty in price between the delivery period and the total quantity for that period based on the table above, the price assigned to the
quantity shall prevail. For example, the first **** MT shall be invoiced at **** per kilogram. 
 APPENDIX 2
— PRODUCT SPECIFICATIONS 
 **** 
 1. Description 
 **** 
 2. Bulk & Surface Impurity Specifications 
 **** 
 3. Size Specifications 
 ****

 4. Certification & Elemental Analysis 
 **** 
 5. Packaging 
 **** 
 6. Qualified Laboratories: 
 **** 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 APPENDIX 1 TO AMENDED & RESTATED SUPPLY AGREEMENT 
 PAGE 16 

 CONFIDENTIAL 
  

 AMENDMENT NO. 1 TO 
 AMENDED & RESTATED SUPPLY AGREEMENT 
 This Amendment
No. 1 to Amended & Restated Supply Agreement (this “Amendment”) is entered into as of this 25th day of November, 2009 between JINKO SOLAR CO., LTD. (formerly “JIANGXI JINKO SOLAR CO., LTD.”, and
hereinafter “JINKO”) and HOKU MATERIALS, INC., a Delaware corporation (hereinafter “HOKU”). HOKU and JINKO are sometimes referred to in the singular as a “Party” or in the
plural as the “Parties”. 
 RECITALS 
 Whereas, HOKU and JINKO are parties to that certain Amended & Restated Supply Agreement dated as of February 26, 2009 (the “Supply
Agreement”), pursuant to which JINKO has agreed to purchase from HOKU, and HOKU has agreed to sell to JINKO, specified volumes of polysilicon each year over a ten year period; and 
 Whereas, HOKU and JINKO desire to amend certain provisions of the Supply Agreement as set forth herein to, among other things, eliminate the first Year of
the Supply Agreement, such that the term of the Agreement will be reduced to nine (9) Years from the First Shipment Date; 
 NOW,
THEREFORE, in furtherance of the foregoing Recitals and in consideration of the mutual covenants and obligations set forth in this Amendment, the Parties hereby agree as follows: 
 AGREEMENT 
 17. Definitions. Unless otherwise
defined herein, capitalized terms used in this Amendment shall have the meanings set forth in the Supply Agreement. 
 18. Amendments.
The following provisions of the Supply Agreement are amended or amended and restated as follows. 
 18.1. Section 2.3 of the
Supply Agreement is hereby amended and restated in its entirety to read as follows: 
 2.3 “First Shipment
Date” shall mean the first day after November 30, 2010, when HOKU commences deliveries to JINKO of Products pursuant to this Agreement. 
 18.2. Section 2.12 of the Supply Agreement is hereby amended and restated in its entirety to read as follows: 
 2.12. “Year” shall mean each of the nine (9) twelve-month periods commencing on the First Shipment Date. 
 18.3. The last sentence of Section 3 of the Supply Agreement is hereby amended and restated in its entirety to read as follows:

 This Agreement constitutes a firm order from JINKO for **** metric tons of Product that cannot be cancelled during the term of
this Agreement, except as set forth in Section 10 below. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 1 

 CONFIDENTIAL 
  

 18.4. Section 4.3 of the Supply Agreement is hereby amended such that the reference
to ****, is changed to ****. 
 18.5. Section 5.2 of the Supply Agreement is hereby amended such that the reference to
December 1, 2009, is changed to December 1, 2010, and the reference to September 1, 2009, is changed to September 1, 2010. 
 18.6. The last sentence of Section 6.4 of the Supply Agreement is hereby amended and restated in its entirety to read as follows: 
 Unless HOKU is entitled to retain the Total Deposit as liquidated damages pursuant to Section 12 below, shipments to JINKO shall be
credited against the Total Deposit on a straight-line basis during the first through ninth Year. 
 18.7. Section 10.1 of
the Supply Agreement is hereby amended such that the reference to December 31, 2009, is changed to December 31, 2010, and the reference to ten Years is changed to nine Years. 
 18.8. Section 10.2.5 of the Supply Agreement is hereby amended such that the reference to December 31, 2009, is changed to
December 31, 2010. 
 18.9. Section 15 of the Supply Agreement is hereby deleted in its entirety and the following is
hereby inserted in its place: 
 15. [Reserved] 
 18.10. The Pricing Schedule on Appendix 1 to the Supply Agreement is hereby amended and restated in its entirety to read as follows: 
  

																					
	 	  	Yr 1	  	Yr 2	  	Yr 3	  	Yr 4	  	Yr 5	  	Yr 6	  	Yr 7	  	Yr 8	  	Yr 9	  	Total
											
	 Tons per Year
	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****
											
	 Price per kg
	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****	  	****

 18.11. The Supply Agreement is hereby amended such that all the references to JIANGXI
JINKO SOLAR CO., LTD. are changed to JINKO SOLAR CO., LTD. 
 19. This Amendment, together with the Supply Agreement, constitutes the entire
agreement between the Parties concerning the subject matter hereof, and expressly supersedes that certain Amendment No. 1 executed by the Parties on November 16, 2009. Except as specifically amended herein, the terms of the Supply
Agreement shall continue in full force and effect without modification or amendment. 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

  
  

	****	Confidential material omitted and filed separately with the Commission. 

 PAGE 2 

 CONFIDENTIAL 
  

 [This space intentionally left blank.] 
  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 3 

 CONFIDENTIAL 
  

 IN WITNESS WHEREOF, the Parties have executed this Amendment No. 1 to Amended & Restated
Supply Agreement as of the date first set forth above. 
  

									
	JINKO:	 		 	HOKU:
			
	JINKO SOLAR CO., LTD.	 		 	HOKU MATERIALS, INC.
					
	By:	 	 /s/ Xiande Li
	 		 	By:	 	 /s/ Dustin Shindo

					
	Name:	 	 Xiande Li
	 		 	Name:	 	 Dustin Shindo

					
	Title:	 	 Chairman
	 		 	Title:	 	 Chairman & CEO

	Authorized Signatory	 		 	Authorized Signatory
					
	Date:	 	 November 25, 2009
	 		 	Date:	 	 November 25, 2009

  

									
	JINKO Initials & Date	 	  
	 		 	HOKU Initials & Date	 	  

 PAGE 4

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