Document:

English Translation of Form of Purchase Contract

 Exhibit 10.15 
 English Translation 
 Form of Purchase Contract 
  

					
		  		  	Contract No.:
		  		  	Date:
		  		  	Place: Jiashan

 The Buyer: Zhejiang Yuhui Solar Energy Source Co., Ltd. 
 Address: 8 Baoqun Road, Yaozhuang Town Industry Park, Jiashan County, Zhejiang Province 
 Tel.: 0573-4773062                     Fax: 0573-4773063 
 The Seller: Shangrao Desheng Industry Co., Ltd. 
 Address: Shangrao Industry
Park, Jiangxi Province 
 Tel.:
0793-8461399                     Fax: 0793-8461159 
 Through negotiations, both parties enter into and abide by this Contract, whereby the Buyer purchases goods from the Seller: 
  

	1.	Product Description 

  

									
	 Product
	  	 Specification
	  	 Quantity (kg)
	  	 Unit price/Kg (tax included)
	  	 Total (tax included)

		  		  		  		  	

  

	2.	Technical Requirements and Quality Standard 

 P type:
electrical resistivity >0.5W.cm. 
 N
type: electrical resistivity >1W.cm 
  

	3.	Price, Document and Transport Requirements 

  

	3.1	Price is specified in Article 1. Price is denominated in RMB. 

  

	3.2	Document requirement: with VAT invoice. 

  

	3.3	Transport requirement: highway transport 

  

	4.	Terms of Payment. 

                     . 
  

	5.	Packaging Requirement, Delivery Term and Delivery Conditions 

  

	5.1	The Seller shall provide packages for the silicon blocks to be delivered and bear packaging costs. 

 Packages shall be suitable for long-distance highway transportation. 
  

	5.2	Place of delivery: goods shall be delivered to the warehouse of Buyer’s plant (8 Baoqun Road, Yaozhuang Town Industry Park, Jiashan County, Zhejiang Province).

  

	5.3	The ownership of the goods shall be transferred to the Buyer upon arrival at the Buyer’s warehouse. In case of any loss, shortage, damage, etc in transit, the Seller shall be
responsible for getting compensation from the carrier. The Buyer shall actively provide related materials, when the assistance is needed. In case that the Buyer finds problems when it receives goods, the Buyer shall obtain the specified records and
certificate from the carrier and immediately check the goods and make a claim against the party responsible therefore. In case of over-delivery or mis-delivery, the Buyer shall make detailed records, store and shall not use such goods without
permission and inform the Seller within 10 days after receipt of goods, with all expenses thus incurred to be borne by the Seller. 

	5.4	Freight: freight will be borne by the Seller. 

  

	5.5	Delivery
time:                                 

  

	6.	Force Majeure 

  

	6.1	Force majeure means any event that is unforeseeable and whose occurrence and consequences are unpreventable or unavoidable after this Contract becomes effective, e.g. earthquake,
typhoon, flood, fire, war, etc, which directly affects the performance of this Contract or prevents this Contract from being performed according to specified provisions. 

  

	6.2	The prevented party shall forthwith notify the other party and provide the details of such event and related documentary evidence to the other party within 15 days.

  

	6.3	In event of force majeure, both parties shall negotiate for a reasonable resolution and make all their best efforts to alleviate the influence of such event.

  

	6.4	In case that an event of force majeure lasts for thirty days, both parties shall negotiate whether to perform or terminate this Contract or not. 

  

	7.	Quality Issue 

  

	7.1	Upon receipt of goods, the Buyer shall make random inspections on all the goods and issue the corresponding acceptance documents. The unqualified products will be returned to the
Seller together with documents, with freight borne by the Seller. 

  

	7.2	In case that any delivered goods are defective, the Buyer may choose to continue to perform this Contract or not. 

  

	8.	Termination of Contract 

 This Contract will be terminated
immediately after the written notice of termination issued by one party to the other party, especially in any of the following cases: 
  

	8.1	The Seller fails to perform its supply obligations under this Contract and fails to fix its non-performance or breach of this Contract within 30 days upon the Buyer’s
requirement. 

  

	8.2	The other party goes bankrupt or files a bankruptcy petition or is reorganized or goes into liquidation or the other party files a similar petition. 

 If this Contract is terminated for goods reason, the Seller shall refund all advance payments to the Buyer within 7 working days of receipt of the notice
of termination. 
  

	9.	Defaulting Liabilities 

 In the event that either party
breaches this Contract, it shall undertake the defaulting liabilities and pay default penalty to the other party. If default penalty cannot cover the losses due to such default, the defaulting party shall make up the deficit. If default penalty are
excessively higher or lower than actual losses, either party may request people’s court or arbitration institute to decrease or increase default penalty appropriately. 
  

	9.1	In case either party fails to perform this Contract in whole or in part (in case of delayed delivery or insufficient delivery by the Seller, in reference to Article 9.2), the Seller
shall pay the other party the default penalty at a rate of 0.5% of the total value of the goods involved in such default. If both parties negotiate to change or terminate this Contract, neither party is deemed to breach the Contract.

	9.2	If the Seller delays delivery or that delivered goods are insufficient, the Seller shall pay the Buyer the default penalty at a rate of 1% of the total value of this batch of goods.
If the Buyer does not collect goods according to delivery term or rejects qualified goods, it shall pay the Seller the default penalty at a rate of 1% of the total value of this batch of goods. If either party intends to increase or decrease
contractual quantity or change the delivery term, it shall give a 10 days prior notice and obtain the consent of the other party; otherwise, it shall undertake economic liabilities. 

  

	9.3	The expenses actually paid by the Buyer during the custody period due to the mis-delivery by the Seller shall be borne by the Seller. In case that the Buyer delays payment, it shall
pay the Seller the default penalty for overdue payment in accordance with the relevant regulations of the People’s Bank of China. 

  

	9.4	The default penalty, compensation, custody and maintenance expenses and various economic losses payable by either party shall be paid to the other party within 10 days after
responsibilities are defined. Otherwise, such party will be punished for overdue payment. However, neither party shall offset relevant fees by withholding goods or deducting payment for goods. 

  

	10.	Confidentiality 

  

	10.1	Each party shall keep confidential the business secrets of the other party obtained during cooperation, which are not publicly available. Except as otherwise specified by laws,
without the written consent of the other party, neither party shall disclose such secrets to any third party or use them for any other purpose than as specified herein; otherwise, it shall undertake defaulting liabilities and bear the losses.

  

	10.2	Each party shall also keep confidential the business information of both parties in this Contract and not disclose any such information to any third party. 

 

	10.3	The obligations of both parties under this Contract shall not be terminated with the Contract. Each party shall continue to comply with the confidential provisions herewith and
perform its confidentiality obligations until the other party agrees to discharge its confidentiality obligations or its violation of the confidentiality provisions herewith will not result in any form of damage to the other party.

  

	11.	Final Provisions 

  

	11.1	This Contract supersedes all prior oral or written agreements between both parties. There is no other contract between both parties except this Contract. Any amendment or supplement
to this Contract shall be made in writing. Likewise, any provision of this Contract shall be cancelled in writing. 

  

	11.2	The invalidity of any provision of this Contract shall not affect the validity of the other provisions of this Contract. Both parties shall replace such invalid provision with a
valid provision which most closely approximates the economic intention of both parties. This article is also applicable if the blanks in this Contract are filled. 

  

	12.	Settlement of Disputes 

  

	12.1	The validity and performance of this Contract and its amendments and all matters regarding the validity of this Contract and its amendments shall be governed by the laws of the
People’s Republic of China. Any dispute is only governed by the laws of the People’s Republic of China. 

  

	12.2	Any dispute arising from the interpretation or performance of this Contract shall be first settled by both parties through friendly negotiations within 30 days.

  

	12.3	In case no settlement can be reached through negotiations, either party may submit such dispute to local arbitration commission for arbitration in accordance such commission’s
arbitration rules. Arbitral award shall bind upon both parties. 

  

	12.4	During arbitration, both parties shall continue to perform this Contract except for the matters involved in the dispute. 

	13.	Effectiveness and Termination 

  

	13.1	The date when the duly authorized representatives of both parties sign this Contract shall be the effective date of this Contract. If there is any discrepancy between the signing
dates, the later date shall be the effective date of this Contract. 

  

	13.2	The expiry date of the final warranty term of the “purchased goods” under this Contract shall be the date of termination of this Contract. But confidentiality provisions,
settlement of disputes and the outstanding claims and liabilities between both parties shall not be affected by the expiry of this Contract, and the non-defaulting party shall be entitled to make claims. 

  

	14.	Miscellaneous 

  

	14.1	This Contract is executed in duplicate, one copy for each party. 

  

	14.2	In case of anything not covered herein, both parties may enter into a supplementary agreement through negotiations, which is annexed to this Contract. The annexes to this Contract
shall have the same effect as this Contract. Any and all correspondences, fax copies and emails confirmed by both parties form an integral part of this Contract and have the same effect as this Contract. 

  

	14.3	This Contract shall become effective as of its signing date (please fax this Contract back. This Contract shall be deemed to become effective if no objection is raised and this
Contract is not faxed back within 24 hours). 

 The Seller: Shangrao Desheng Industry Co., Ltd. 
 Signature/seal: (Seal) /s/ 
 Account opening bank: Jiangxi Shangrao Xuri
Branch, China Construction Bank 
 Account No.: 36001351100052500920 
 Tax No.: 36112178970264X 
 The Buyer: Zhejiang Yuhui Solar Energy Source Co., Ltd. 
 Signature/seal: (Seal) /s/ 
 Account opening bank: Jiashan County Branch, ICBC 
 Account No.: 1204070009242025955 
 Tax No.: 330421753019961 

																	
	 Contract No.
	  	Date	  	Product	  	Specification	  	Quantity/
KG	  	Unit Price/ RMB	 	Total Amount (tax
included)	 	Payment term	  	Delivery Term
	YGC061127W	  	November 27,
2006	  	Reclaimable
raw material	  	/	  	360,000	  	About RMB
1500.00 (specific
price is subject
to further negotiations
between both
parties)	 	RMB
540000000.00
(specific amount
changes with the
unit price)	 	An advance
payment of RMB
50 million shall be
paid before
December 31,
2006. The balance
shall be paid
upon
the term subject to
further negotiations
between both
parties.	  	from January to
December 2007,
the Seller will
deliver 30000Kg
silicon materials
to the Buyer at
one time before
the end of each
month
 (12
batches in total)
	DSC0611100001	  	November 10,
2006	  	Reclaimable
raw material	  	cleaning free	  	1010	  	1521	 	1536210	 	before November 10,
2006	  	November 15,
2006
	DSC0611150002	  	November 15,
2006	  	IC grade
cleaning free	  	<5 mm	  	425	  	1544.40	 	4976010.00	 	before December 2,
2006	  	December 5,
2006
		  		  	silicon
materials	  	>5 mm	  	2600	  	1661.40	 		 		  	
	DSC0611150003	  	November 15,
2006	  	monocrystalline
scrap	  	/	  	250	  	660.00	 	1199295.81	 	before November 17,
2006	  	November 20,
2006
		  		  	scrap ingot	  	/	  	21	  	2464.40	 		 		  	
		  		  	pot scrap	  	/	  	29	  	2037.99	 		 		  	
		  		  	pot scrap	  	/	  	15	  	1244.4	 		 		  	
		  		  	pot scrap	  	/	  	10	  	1366.40	 		 		  	
		  		  	pot scrap	  	/	  	79	  	1834.63	 		 		  	
		  		  	chip	  	/	  	564	  	1049.20	 		 		  	
		  		  	pot scrap	  	/	  	71	  	2175.03	 		 		  	
	DSC0611150004	  	November 15,
2006	  	monocrystalline
ingot	  	P type	  	412	  	1781.20	 	6467419	 	before November 17,
2006	  	November 20,
2006
		  		  	scrap ingot	  	/	  	3.8	  	1854.4	 		 		  	
		  		  	patterned
 wafer
	  	/	  	747	  	1342	 		 		  	
		  		  	chip	  	thick	  	291.8	  	1295	 		 		  	
		  		  	chip	  	thick	  	2122	  	1220	 		 		  	
		  		  	scrap wafer	  	>0.5OHM.CM	  	1206	  	1457.15        	 		 		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	  	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC0611160005	  	November 16,
2006	  	silicon scrap	  	/	  	5750	  	1212.00	  	6969000.00	  	before November 20,
2006	  	November 18,
2006
	DSC0611200006	  	November 20,
2006	  	silicon scrap	  	/	  	4569.88	  	1377.80	  	6296380.66	  	before November 23,
2006	  	November 21,
2006
	DSC0611280007	  	November 28,
2006	  	reclaimable
raw material	  	small	  	1245	  	1404	  	5961150.00	  	before November 29,
2006	  	November 30,
2006
		  		  	reclaimable
raw material	  	big	  	1521	  	1521	  		  		  	
	DSC0612040008	  	December 4,
2006	  	reclaimable
raw material	  	small	  	3460	  	1404	  	6895980.00	  	before December 5,
2006	  	December 5,
2006
		  		  	reclaimable
raw material	  	big	  	1340	  	1521	  		  		  	
	DSC0612060009	  	December 6,
2006	  	silicon scrap	  	/	  	1315.2	  	1608	  	4930977.60	  	before December 7,
2006	  	December 7,
2006
		  		  	scrap wafer	  	/	  	1473.8	  	720	  		  		  	
		  		  	reclaimable
raw material	  	small	  	1120	  	1404	  		  		  	
		  		  	reclaimable
raw material	  	big	  	120	  	1521	  		  		  	
	DSC0612120010	  	December 12,
2006	  	reclaimable
raw material	  	small	  	3320	  	1404	  	6425002.80	  	before December 13,
2006	  	December 13,
2006
		  		  	reclaimable
raw material	  	big	  	1130	  	1521	  		  		  	
		  		  	scrap wafer	  	/	  	62.40	  	720	  		  		  	
	DSC0612140011	  	December 14,
2006	  	crystal ingot	  	/	  	197.6	  	2363.40	  	467007.84	  	before December 15,
2006	  	December 15,
2006
	DSC0612160012	  	December 16,
2006	  	multicrystalline
scrap	  	cleaning
free	  	550	  	1989.00	  	1093950.00	  	before December 18,
2006	  	December 18,
2006
	DSC0612180013	  	December 18,
2006	  	multicrystalline
scrap	  	cleaning
free	  	1000	  	1965.60	  	1965600.00	  	before December 18,
2006	  	December 31,
2006
	DSC0612180014	  	December 18,
2006	  	reclaimable
raw material	  	cleaning
free	  	4000	  	1521.00	  	6417616.80	  	before December 18,
2006	  	December 19,
2006
		  		  	reclaimable
raw material	  	/	  	44.4	  	1397.00	  		  		  	
		  		  	tops & tails	  	/	  	164.6	  	1650.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC0612210015	  	December 21,
2006	  	scrap wafer	  	/	 	70	  	1638.00	  	6433586.64	  	before December 21,
2006	  	December 21,
2006
		  		  	reclaimable
raw material	  	cleaning free	 	940	  	1638.00	  		  		  	
		  		  	reclaimable
raw material	  	cleaning free
(small)	 	790	  	1521.00	  		  		  	
		  		  	silicon scrap	  	/	 	2399.9	  	1497.60	  		  		  	
	DSC0612250016	  	December 25,
2006	  	semiconductor-
grade ingots	  	tops and tails
included	 	1048	  	1829.88	  	1917714.24	  	before December 26,
2006	  	December 26,
2006
	DSC0612280017	  	December 28,
2006	  	reclaimable
raw material	  	big	 	685	  	1638	  	10304883	  	before December 29,
2006	  	December 29,
2006
		  		  	reclaimable
raw material	  	small	 	2175	  	1521	  		  		  	
		  		  	bare scrap	  	/	 	3303.8	  	1567.8	  		  		  	
		  		  	scrap wafer	  	/	 	495	  	1404	  		  		  	
	DSC0612280018	  	December 28,
2006	  	pot scrap	  	electrical
resistivity
>6W.cm, about
10W.cm	 	500	  	1205.10	  	855738	  	before December 29,
2006	  	December 31,
2006
		  		  	6”-8” wafer,
bare wafer
 and FZ scrap
silicon
	  	/	 	100	  	1708.2	  		  		  	
		  		  	Zonemelting
ingot, N type	  	/	 	44	  	1872	  		  		  	
	DSC071100001 Subcontract of contract numbered YGC061127W	  	January 10,
2007	  	cleaning free
reclaimable
raw material	  	as agreed by
both parties	 	467.70	  	2375.10	  	1110834.27	  	before January 11,
2007	  	January 11, 2007

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC071100002 Subcontract of contract numbered YGC061127W	  	January 10,
2007	  	cleaning free
reclaimable
raw material	  	as agreed by
both parties	 	2795	  	1521	  	4604717.00	  	before January 11,
2007	  	January 11, 2007
		  		  	scrap wafer	  	/	 	205	  	1638	  		  		  	
		  		  	bare scrap	  	/	 	11.31	  	1567.8	  		  		  	
	DSC071100003 Subcontract of contract numbered YGC061127W	  	January 11,
2007	  	pot scrap	  	Including 20%
quartz	 	207	  	1111.50	  	230080.50	  	before January 11,
2007	  	January 11, 2007
	DSC071170004 Subcontract of contract numbered YGC061127W	  	January 17,
2007	  	bare scrap	  	/	 	2500	  	1462.50	  	5490669.60	  	before January 18,
2007	  	January 18, 2007
	  		  	ingot	  	/	 	107.6	  	1521.00	  		  		  	
		  		  	scrap wafer	  	Cleaning free	 	1020	  	1638.00	  		  		  	
	DSC0701220005 Subcontract of contract numbered YGC061127W	  	January 22,
2007	  	ingot	  	/	 	1344.67	  	2370.92	  	3177115.45	  	before January 22,
2007	  	January 22, 2007
	DSC0701230006 Subcontract of contract numbered YGC061127W	  	January 23,
2007	  	ingot	  	/	 	724.7	  	2223.00	  	1611008.10	  	before January 23,
2007	  	January 23, 2007
	 DSC0701230007
 Subcontract of contract numbered
YGC061127W
	  	January 23,
2007	  	cleaning free
reclaimable
raw material	  	small	 	1225	  	1521.00	  	3337425.00	  	before January 24,
2007	  	January 24, 2007
		  		  	scrap wafer	  	/	 	900	  	1636.00	  		  		  	
	DSC0701270008 Subcontract of contract numbered YGC061127W	  	January 27,
2007	  	cleaning free
reclaimable
raw material	  	small	 	1415	  	1521.00	  	3200535.00	  	before January 27,
2007	  	January 27, 2007
		  		  	scrap wafer	  	cleaning free	 	640	  	1638.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	 	Payment term	  	Delivery Term
	DSC0702060009 Subcontract of contract numbered YGC061127W	  	February 9,
2007
	  	bare scrap	  	/	 	3208.7	  	1246.05	  	6855268.10	 	before February 7,
2007	  	February 7, 2007
	  		  	bare scrap	  	/	 	758	  	1567.80	  		 		  	
	  		  	bare scrap	  	/	 	146.5	  	1427.40	  		 		  	
		  		  	wafer	  	polished wafer	 	490.31	  	1638.00	  		 		  	
		  		  	wafer	  	coated wafer	 	431.58	  	1521.00	  		 		  	
	DSC07021200010 Subcontract of contract numbered YGC061127W	  	February 10,
2007	  	scrap wafer	  	/	 	300	  	1638.00	  	5868720.00	 	before February 14,
2007	  	February 13,
2007
	  		  	bare scrap	  	/	 	400	  	1696.50	  		 		  	
	  		  	cleaning free
chip	  	/	 	1000	  	1521.00	  		 		  	
		  		  	monocrystalline
cell	  	/	 	400	  	1556.10	  		 		  	
		  		  	bare scrap	  	15% heavy
doping	 	1560	  	1638.00	  		 		  	
	DSC07022500011 Subcontract of contract numbered YGC061127W	  	February 25,
2007	  	scrap wafer	  	5% heavy
doping	 	5622	  	1567.80	  	8814171.60
(RMB638820.00
shall be deducted
from last payment,
the payable amout
shall be
RMB8175351.60 )	 	before February 26,
2007	  	February 26,
2007
	DSC07031100011 Subcontract of contract numbered YGC061127W	  	March 11,
2007	  	cleaning free
reclaimable raw
material	  	scrap wafer	 	450	  	1638.00	  	5357758.78	 	before March 12,
2007	  	March 12, 2007
	  		  	polished wafer	  	2% heavy
doping	 	253.6	  	1579.50	  		 		  	
		  		  	coated wafer	  	10% heavy
doping	 	105.76	  	1287.00	  		 		  	
		  		  	wafer	  	polished wafer	 	129.5	  	1638.00	  		 		  	
		  		  	scrap wafer	  	80% wafer	 	183.51	  	1462.50	  		 		  	
		  		  	laser wafer	  	15% heavy
doping	 	1769	  	1152.45	  		 		  	
		  		  	polished wafer	  	25% heavy
doping	 	1060.5	  	1246.05	  		 		  	
		  		  	wafer	  		 	160	  	1521.00	  		 		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07031800012 Subcontract of contract numbered YGC061127W	  	March 18,
2007	  	cleaning free
reclaimable
 raw material
	  	chip	 	665	  	1521.00	  	3389560.20	  	before March 19,
2007	  	
		  		  	cleaning free
reclaimable
 raw material
	  	scrap wafer	 	150	  	1638.00	  		  		  	
		  		  	cleaning free
reclaimable
 raw material
	  	monocrystalline
cell	 	300	  	1521.00	  		  		  	
		  		  	8” wafer	  	/	 	492.9	  	1638.00	  		  		  	
		  		  	polished
 wafer
	  	15% heavy
doping	 	675	  	1287.00	  		  		  	
	PSO70115	  	January 15,
2007	  	bare scrap	  	5% heavy
doping	 	2362	  	1556.10	  	3675508.20	  	before January 17,
2007	  	January 15,
2007
	DSC07032500014 Subcontract of contract numbered YGC061127W	  	March 25,
2007	  	bare wafer	  	/	 	5997.3	  	1287.00	  	8477323.95	  	before March 26,
2007	  	March 26,
2007
	  		  	wafer	  	polished wafer	 	420.65	  	1638.00	  		  		  	
		  		  	wafer	  	coated wafer	 	26.15	  	1521.00	  		  		  	
	DSC07033100015 Subcontract of contract numbered YGC061127W	  	March 31,
2007	  	cleaning free
reclaimable
 raw material
	  	chip	 	720	  	1521.00	  	8663273.63	  	before April 1,
2007	  	April 1,
2007
		  		  	cleaning free
reclaimable
 raw material
	  	scrap wafer	 	600	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
 raw material
	  	monocrystalline
cell	 	100	  	1556.10	  		  		  	
		  		  	polished wafer	  	/	 	4410	  	1246.05	  		  		  	
		  		  	monocrystalline
bare cell	  	whole wafer	 	162.65	  	1462.50	  		  		  	
		  		  	monocrystalline
bare cell	  	scrap wafer	 	451	  	1462.50	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	  	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07040600016 Subcontract of contract numbered YGC061127W	  	April 6,
2007	  	cleaning free
reclaimable
raw material	  	chip	  	810	  	1521.00	  	3519815.00	  	before April 7,
2007	  	April 7,
2007
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	  	1300	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	  	50	  	1556.10	  		  		  	
	DSC07041200017 Subcontract of contract numbered YGC061127W	  	April 12,
2007	  	cleaning free
reclaimable
raw material	  	chip	  	450	  	1521.00	  	3088027.50	  	before April 13,
2007	  	April 13,
2007
		  		  	cleaning free
reclaimable
raw material	  	chip	  	60	  	1521.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	  	1200	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	  	175	  	1556.10	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07041700018 Subcontract of contract numbered YGC061127W	  	April 17,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	360	  	1521.00	  	6719510.95	  	before April 18,
2007	  	April 18, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip (red pen)	 	1140	  	1521.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	800	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(red pen)	 	750	  	1700.00	  		  		  	
		  		  	8” wafer	  	/	 	283.5	  	1638.00	  		  		  	
		  		  	4”, 5” wafer	  	/	 	198.95	  	1521.00	  		  		  	
		  		  	polished
wafer	  	/	 	805	  	1287.00	  		  		  	
	DSC07042200019 Subcontract of contract numbered YGC061127W	  	April 22,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	240	  	1521.00	  	4056560.00	  	before April 23,
2007	  	April 23, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip (red pen)	 	1710	  	1521.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	500	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(red pen)	 	50	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	100	  	1556.10	  		  		  	
	DSC07042500020 Subcontract of contract numbered YGC061127W	  	April 25,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	450	  	1521.00	  	3696520.00	  	before April 26,
2007	  	April 26, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip (red pen)	 	1170	  	1521.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	725	  	1700.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07050400021 Subcontract of contract numbered YGC061127W	  	May 4,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	1290	  	1580.00	  	6607300.00	  	before May 5,
2007	  	May 5, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip (red pen)	 	1770	  	1580.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	675	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(red pen)	 	50	  	1700.00	  		  		  	
	DSC07050700022 Subcontract of contract numbered YGC061127W	  	May 7,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	1860	  	1580.00	  	7631850.00	  	before May 8,
2007	  	May 8, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicyrstalline)	 	1500	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	500	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	300	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	700	  	1650.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07051000023 Subcontract of contract numbered YGC061127W	  	May 10,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	1860	  	1580.00	  	5017942.50	  	before May 11,
2007	  	May 11, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	180	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	200	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	25	  	1650.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	275	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed crystal
cell	 	425	  	1350.00	  		  		  	
		  		  	8” polished
wafer	  	/	 	219.4	  	1700.00	  		  		  	
		  		  	8” coated
wafer	  	/	 	180	  	1521.00	  		  		  	
	DSC07051300024 Subcontract of contract numbered YGC061127W	  	May 13,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	2460	  	1580.00	  	4618050.00	  	before May 14,
2007	  	May 14, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	90	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	150	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	125	  	1650.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	100	  	1350.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07052000025 Subcontract of contract numbered YGC061127W	  	May 20,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	2220	  	1580.00	  	5525252.50	  	before May 21,
2007	  	May 21, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	180	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	425	  	1750.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	250	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystaliine
cell	 	25	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	400	  	1350.00	  		  		  	
	DSC07052300026 Subcontract of contract numbered YGC061127W	  	May 23,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	1770	  	1558.00	  	6045977.52	  	before May 24,
2007	  	May 24, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	90	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	400	  	1750.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	50	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	325	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	800	  	1400.00	  		  		  	
		  		  	wafer	  	4”, 5” and 6”
wafer	 	462.62	  	1521.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07052700027 Subcontract of contract numbered YGC061127W	  	May 27,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	660	  	1580.00	  	5548482.00	  	before May 28,
2007	  	May 28, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	210	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	675	  	1750.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	25	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	120	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	1760	  	1400.00	  		  		  	
		  		  	wafer	  	12” wafer	 	186	  	1700.00	  		  		  	
	DSC07060200028 Subcontract of contract numbered YGC061127W	  	June 2,
2007	  	bare wafer	  	/	 	925	  	1060.00	  	7079416.00	  	before June 4,
2007	  	June 4, 2007
	  		  	cleaning free
reclaimable
raw material	  	chip	 	660	  	1580.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	120	  	1500.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	1075	  	1750.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	175	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	60	  	1556.10	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	1860	  	1400.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07062800033 Subcontract of contract numbered YGC061127W	  	June 28,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	630	  	1630.00	  	5530800.00	  	before June 29,
2006	  	June 29, 2006
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	90	  	1580.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	1500	  	1800.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	120	  	1750.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	240	  	1580.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	750	  	1430.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07070400034 Subcontract of contract numbered YGC061127W	  	July 4,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	1020	  	1750.00	  	5403000.00	  	before July 5, 2007	  	July 5, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	90	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	240	  	1900.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	1590	  	1700.00	  		  		  	
	DSC07070600035 Subcontract of contract numbered YGC061127W	  	July 4,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	420	  	1750.00	  	6651000.00	  	before July 9, 2007	  	July 9, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	30	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	420	  	1900.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	60	  	1850.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	polysilicon	 	1800	  	2300.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	480	  	1700.00	  		  		  	

																	
	 Contract No.
	  	Date	  	Product	  	Specification	 	Quantity/
KG	  	Unit Price/ RMB	  	Total Amount (tax
included)	  	Payment term	  	Delivery Term
	DSC07071000036 Subcontract of contract numbered YGC061127W	  	July 10,
2007	  	cleaning free
reclaimable
raw material	  	chip	 	90	  	1750.00	  	5403000.00	  	before July 11,
2007	  	July 11, 2007
		  		  	cleaning free
reclaimable
raw material	  	chip
(multicrystalline)	 	60	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer	 	660	  	1900.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	scrap wafer
(multicrystalline)	 	150	  	1850.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	monocrystalline
cell	 	210	  	1700.00	  		  		  	
		  		  	cleaning free
reclaimable
raw material	  	mixed
multicrystalline
cells	 	2100	  	1550.00English Translation of Form of Guarantee Contract

 Exhibit 10.16 
 English Translation 
 Bank of China 
 Guarantee Contract 
 (Individual Maximum Guarantee Contract) 

Guarantor: Li Xianshou and Lian Xiahe 
 Borrower: Zhejiang
Yuhui Solar Energy Co., Ltd 
 Lender: Bank of China, Jiashan Branch 
 Contract No.:
                                       
  

 Maximum Guarantee Contract 
 (Applicable to Individual Guarantor) 
 No.
                     
 Guarantor: Li Xianshou, Lian
Xiahe 
 ID Card Nos.: 3301061968010015 and 332027700701008 
 Domicile:
                                        
                                     
 Contact Means: 4773061 
 Creditor: Bank of China, Jiashan Branch 

Legal Representative or Responsible Person: Jiang Zhongliang 
 Domicile:
No.269, Jiefang (M) Road 
 Contact Means: 4021956 
 In order to ensure the performance of the obligations the Debtor under the Main Contracts already signed or to be signed by and between Zhejiang Yuhui Solar Energy Co., Ltd (the Debtor) and Bank of China, Jiashan Branch (the Creditor)
during the period from                      to
                    , the Guarantor is willing to provide the Creditor with guarantee. This Contract is entered into by and between both
parties through friendly negotiation. 
 Article 1 Representations and undertakings 
 The Guarantor hereby represents and undertakes that: 
 (I) As per relevant Chinese laws, the Guarantor is qualified as a Guarantor that has the capability to bear the guarantee responsibilities. 
 (II) The Guarantor fully understands the contents of the Main Contracts and provides the Debtor with guarantee fully out of their own will; all of their declarations of will herein are true. 
 (III) All of the documents, materials, reports and vouchers provided by the Guarantor to the Creditor are accurate, true, complete and effective.

 (IV) The Guarantor shall in advance notify the Creditor of any change to the property or to the means of income during the guarantee
period. The Guarantor shall not be released of any of their guarantee responsibilities as a result of any of the above-mentioned changes. 
 Article 2
Relationship between this Contract and the Main Contracts 
 This Contract is an independent contract of guarantee. Any invalidity or
reversibility of any of the Main Contracts due to any reason shall not affect the force or effect of this Contract. The Guarantor shall be jointly and severally responsible to the Creditor. 
 Before both parties to any of the Main Contracts dissolves any of the Main Contracts or cause any of the Main Contracts to expire earlier, this Contract
shall remain effective. The Guarantor shall bear guarantee responsibilities for any and all losses caused by the Debtor to the Creditor. 

 If both parties negotiate to modify the contents of any of the Main Contracts, except extending any of
the Main Contracts and increasing the amount of the principal obligation, no consent is required from the Guarantor who will still bear the guarantee responsibilities within the modified scope of guarantee. If any of the Main Contracts is extended
without prior consent from the Guarantor, the Guarantor will still bear the guarantee responsibilities within the original scope of guarantee. If the amount of the principal obligation of any of the Main Contracts is increased without consent from
the Guarantor, the Guarantor will still bear the guarantee responsibilities within the amount of the original principal obligation. 
 The
Creditor can transfer its creditor’s rights under any of the Main Contracts to any third party without prior consent from the Guarantor. In this case, the Guarantor will still bear the guarantee responsibilities within the original scope of
guarantee. 
 Article 3 Scope of guarantee 
 The creditor’s rights guaranteed hereby are all of the creditor’s rights the Creditor may have against the Debtor during the period from
                    . The principal of these obligations shall not exceed
                    . 
 The scope
of this Contract includes the principal of the obligations under the Main Contracts and the interest thereupon (including legal interest, agreed interest, compound interest and penalty interest), the liquidated damages, compensations, expenses on
realization of creditor’s rights (including legal costs, lawyer’s expenses, notarization expenses, execution expenses, etc), the losses by the Debtor to the Creditor as a result of any default on the part of the Debtor as well as all the
other payable expenses. 
 Article 4 Means of guarantee 
 The means of guarantee hereunder is joint and several. If the same main contract has two or more guarantors, the Guarantor hereunder shall bear all the guarantee responsibilities to the Creditor within the originally
agreed scope of guarantee. 
 If the Debtor fails to make repayment to the Creditor on any normal repayment date under any of the Main
Contracts or on any earlier repayment date as agreed in the contract, the Guarantor must perform their obligation of guarantee. The Creditor specifically reminds the Guarantor that the normal repayment date referred to in this article shall mean the
interest payment date as specified in the Main Contracts, the principal repayment date as specified in the repayment plan or in the certificate of indebtedness or the date on which the Debtor shall make any payment to the Creditor as per the
provisions hereof and that the earlier repayment date mentioned in this article shall mean the earlier repayment date proposed by the Debtor and agreed by the Creditor as well as the date on which the Creditor requests the Debtor to recover the loan
earlier as per the provisions of the contract. 
 If the Debtor fails to make repayment to the Creditor as per the provisions of the relevant
main contract, as specified in Paragraph 1 of this article, within              days after the Creditor gives notice to the Guarantor, the Guarantor shall pay the amount specified in the
notice to the account designated by the Creditor. The notice from the Creditor must be given in writing and can be delivered by any of the following means: 
 1. Registered mail 

 2. Express delivery 
 3. In person 
 4. Fax 
 After receipt of the above notice, the Guarantor must pay in time the amount requested in the notice and shall not refuse to make the payment or delay in making the payment for any reason whatsoever. 
 Article 5 Period of guarantee 
 The period of
guarantee hereunder will begin on the date on which the first main contract takes effect and ends upon same date two years after the expiration of the period for making the last repayment under the Main Contracts. 
 Article 6 Liabilities for breach of contract 
 Any of
the following circumstances will constitute the breach of contract on the part of the Guarantor hereunder: 
 (I) The Guarantor violates the
provisions of Article 1 herein by making false representations or violates any of the undertakings; 
 (II) The Guarantor fails to discharge
their obligations of the Debtor in time in accordance with the provisions of Article 4 herein; 
 (III) If this Contract is rendered invalid
due to any reason on the part of the Guarantor, the Guarantor shall bear all the liabilities within the scope of guarantee hereunder. 
 If
the Guarantor breaches this Contract, the Creditor shall have the right to take any one or more of the following actions: 
 (I) Dissolve the
loan contract or any other credit loan contract signed between the Creditor and the Guarantor or declare earlier expiration of any of the above-mentioned contracts; 
 (II) Request the Guarantor to compensate any and all direct or indirect losses sustained by the Creditor as a result of any default on the part of the Guarantor (including but not limited to the losses of the
principal of the obligation under any of the Main Contracts, interest upon the principal and expenses); 
 (III) After giving a notice, offset
the guaranteed creditor’s rights with the funds in the accounts the Guarantor has or may have at the Creditor and other institutions of Bank of China or with any creditor’s rights the Guarantor has or may have against the Creditor and
other institutions of Bank of China. 
 Article 7 Offsetting and rights retention 
 Under this Contract, the Guarantor shall pay in full all the obligations within the scope of guarantee without claiming to offset any of such obligations,
unless otherwise agreed by the Creditor. 

 No allowance, grace or favor given by the Creditor to the Guarantor or no postponement of the Creditor in
exercising its rights hereunder shall affect, damage or limit any right of the Creditor under this Contract or any law or be regarded as the Creditor’s waiver of any of its rights or interests hereunder or release the Guarantor from any of its
obligations hereunder. 
 It is hereby undertaken by the Guarantor that the Guarantor will not base its performance of guarantee obligations
on the precondition that the Creditor first exercises its guarantee interest under the relevant Main Contract. 
 Article 8 Modification, dissolution and
interpretation of contract 
 Any modification of, supplement to or dissolution of this Contract shall be subject to written consent by
both parties and shall constitute an integral part hereof. 
 Any issue not covered herein shall be interpreted or handled as per relevant
provisions of the relevant the Main Contracts guaranteed hereby. 
 Invalidity of any provision herein shall not affect the validity of other
provisions. 
 Article 9 Governing law, settlement of disputes and jurisdiction 
 This Contract shall be governed by the laws of the People’s Republic of China. 
 Any dispute arising out of performing this Contract shall be solved by both parties through negotiation. In case negotiation fails to solve the dispute,
both parties hereby agree to solve it through first of the following means: 
 (I) File it with the local people’s court of the place
where the Creditor is located to solve it through judicial procedures; 
 (II) Submit it to
                             arbitration commission for arbitration. 
 All expenses related to litigation or arbitration, including but not limited to legal expenses, execution expenses, lawyer’s costs, attorney costs,
etc, shall be born by the Guarantor, unless otherwise judged by the people’s court or awarded by the arbitration commission. 
 Article 10
Effectiveness of contract 
 This Contract will take effect after being signed by and affixed with the seals of both parties. 

This Contract is made in             ,
         copy (copies) for each party hereto and the Debtor; all copies have the same legal force. 
  

							
	Guarantor:	  	 Li Xianshou /s/, Lian Xiahe /s/
	  		  	Creditor: (Seal)
		  		  		  	Legal Representative or
		  		  		  	Authorized Signatory:
			
	  
	  		  	 /s/

	  
	  		  	  

									
	 No.
	 	 Contract Number
	 	 Term
	 	 Amount
	 	 Date of Agreement

	 1
	 	JSGB060041	 	April 18th 2006 to
April 17th
 2006	 	RMB 30.0 million	 	April 18, 2006
					
	 2
	 	JSGB060083	 	August 2, 2006 to
August 2, 2007	 	RMB 85.0 million	 	August 2, 2006
					
	 3
	 	JSGB070065	 	February 5, 2007 to
February 5, 2008	 	RMB 260.0 million	 	February 5, 2007
					
	 4
	 	JXJIASHAN2007 INDIVIDUAL GUARANTEE NO. 001	 	November 10, 2007 to November 10, 2009	 	RMB 790.0 million	 	November 10, 2007

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