Document:

Chief Technology Officer Service Agreement

 Exhibit 10.6 
 DATED 29 November 2006 
 RENESOLA LTD 
 and 
 HUANG BING HUA 

CHIEF TECHNOLOGY OFFICER SERVICE AGREEMENT 

 

 
 CHIEF TECHNOLOGY OFFICER SERVICE AGREEMENT 
 THIS AGREEMENT is made on the 29th day of November 2006 
 BETWEEN:- 
  

	(1)	RENESOLA LTD, a company incorporated in The British Virgin Islands with the registered number 1016246 and having its register office at Craigmuir Chambers, Road Town, Tortola,
British Virgin Islands ( the “Company”); and 

  

	(2)	HUANG BING HUA ( PRC Identity No. 330106194209160813), of Mo Gan Shan Road, West Lake District, Hangzhou City, Zhejiang Province, China ( the “Employee”)

 (The Company and the Employee are collectively referred to as “parties”, and individually as “party”.) 
  

	1.	EMPLOYMENT 

  

	1.1	The Employee resigned as Non-executive Director of the Company on October 12, 2006 to become an Executive Director in order to be employed by the Company.

  

	1.2	The Company shall engage and continue to employ the Employee and the Employee shall serve and continue to serve the Company as Chief Technology Officer of the Company subject to the
terms contained in this Agreement. 

  

	1.3	For the avoidance of doubt, the terms of this letter supersede and replace any existing terms and conditions pursuant to a letter or agreement in writing or in other forms of
communication relating to his appointment with the Company which shall have no further force and effect. 

  

	1.4	The Employment shall, take effect on November 29, 2006, and subject to the provisions set out in Clause 10 below, the Employee intends to early terminate this Agreement, he
shall notify the Company in written one (1) months in advance and the Company intends to early terminate this Agreement, the Company shall give the Employee not less than one (1) month’ notice in writing. However, whilst no legally
binding commitment is to be created as to his term of office, the employment would be for an initial term of three (3) years commencing on November 29, 2006. 

  

	2.	DUTIES 

  

	2.1	The Chief Technology Officer of the Company, specific duties shall include (but not be in any way restricted to): 

  

	 	2.1.1	Use his best endeavors to promote the interests and reputation of the Company giving at all times the full benefit of his knowledge, expertise and skill; 

 

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	 	2.1.2	Identify and evaluate new technology developments and gauges applicability to business processes by providing the solution that satisfies business goals and objectives. Advise to
the Board and the management committee on technology investments and initiatives; 

  

	 	2.1.3	Assess new and emerging technologies to determine application; 

  

	 	2.1.4	Advise the management committee on strategic technology research and development plan and lead the technology research and development (“R&D”) activities of the
Company, including but not limited to planning the short and long-range technology strategies, formulation of execution strategy, decision of hiring competent R&D staff, provision of guidance to subordinates, supervise R&D laboratory
activities and coordination with relevant departments of the Company in formulating and executing R&D strategies. 

  

	 	2.1.5	Recommends, develops, integrates, administers, and evaluates policies, procedures, standards, equipment and plant design needed to provide flexible and cost-effective technologies;

  

	 	2.1.6	Develop technology standards and protocols inline with industry “best practice. Improve production efficiency at each stage of production cycle and supervise detailed execution
of the plan; 

  

	 	2.1.7	Direct and supervise the daily technology matters; 

  

	 	2.1.8	Organize and manage technology department; 

  

	 	2.1.9	Other responsibilities as reasonably requested by the Company and its board of directors; 

  

	2.2	The Employee shall devote the whole of his time and attention to the duties of his office, comply with the provisions in this Agreement and other internal regulations and rules of
the Company, and exercise such powers and bear such responsibilities as may from time to time be assigned to or vested in him by the board of directors. 

  

	3.	REMUNERATION 

  

	3.1	During the employment, the Employee will be paid the Chief Technology Officer’s salary of USD120,000 before applicable taxes per annum paid monthly at the end of each calendar
month from January 2007 and shall be deemed to accrue from day to day. 

  

	3.2	The rate of the Chief Technology Officer’s salary specified in this Clause 3 shall be reviewed annually and by the remuneration committee. The Company is under no obligation to
increase the Chief Technology Officer’s salary following such a review. 

  

	3.3	 20,000 units of ReneSola Shares after the establishment of ReneSola Employee 

  

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Incentive Plan (“REIP”) will be issued to the Employee by way of either options or restricted shares, subject to the terms and conditions to be set
out in the REIP. Further awards of equity or share options will be at the discretion of ReneSola dependent on the performance of the Employee. The Shares shall be awarded to the Employee and shall be exercisable over 3 (three) year period at equal
number of the Shares each year. 

  

	4.	EXPENSES 

 The Employee shall be reimbursed all expenses reasonably
incurred in the execution of and in relation to his duties subject to the submission of proper receipts/vouchers. Such expenses may include reasonable hotel, travel and incidental expenses, including travel between his home and the Company’s
head office in Zhejiang. If the Employee uses a private motor vehicle for business purposes the Company will reimburse him at the mileage rate allowed by the Company from time to time. 
  

	5.	ASSIGNMENT OF INVENTIONS 

  

	5.1	As the Chief Technology Officer of the Company, the Employee shall acknowledge that all intellectual property rights (including copyright, trade or service marks (registered and
unregistered), patent right and any other similar rights or corresponding application rights) (“Intellectual Property Rights”) to any works, inventions, discoveries and design improvements (“Inventions”) created, developed or
discovered by the Chief Technology Officer during his employment belongs solely to the Company. 

  

	5.2	The Employee hereby undertakes to execute such documents as may be required by the Company to confirm the Company’s ownership of the Inventions and the underlying Intellectual
Property Rights and to enable the Company ( or to the Company’s nominated persons) to obtain the full benefit of such Inventions and Intellectual Property Rights without any payments to him. 

  

	6.	CONFIDENTIALITY 

  

	6.1	As the Chief Technology Officer of the Company, the Employee will of course have access to and be entrusted with confidential information relating to the technology, business and
financing and affairs of the Company and its subsidiary companies. “Confidential Information” for these purposes includes but is not limited to:- 

  

	 	6.1.1	The confidential information of great decision business strategy, business target, business planning or operation policy; 

  

	 	6.1.2	Any information of clients, co-operators or other related persons or entities of the Company which is negotiated or being carried out, including without limitation, the list,
liaison and business information of such customers, co-operators or related persons or entities; 

  

	 	6.1.3	Any undisclosed financing information including budget report, financing report, statistics report, price and expense, service provider information; 

  

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	 	6.1.4	Any commercial information including internal contract, agreement, letter of intents, memorandum, feasibility report; 

  

	 	6.1.5	Any meeting record, internal rule and regulation, operation process; 

  

	 	6.1.6	Any employment and appointment information including personnel file, remuneration information; 

  

	 	6.1.7	Any confidential information which he shall bear the non-disclosure obligation for a third party in accordance with the legal or contractual requirements; and

  

	 	6.1.8	Any other information which the Company determines at its reasonable discretion to be confidential and which has been communicated to him. 

  

	6.2	The Employee shall not at any time (either during or after his employment): 

  

	 	6.2.1	Divulge any Confidential Information to any person, firm or company or use or exploit it in any way whatsoever (unless this is done for the benefit of the Company and its subsidiary
companies); and 

  

	 	6.2.2	Through any failure to exercise reasonable care and diligence, cause or permit any unauthorized use or disclosure of any Confidential Information. 

  

	6.3	The restrictions set out in this Clause 6 do not apply to: 

  

	 	6.3.1	Any disclosure made in pursuance of his duties as director or which is authorized by the Board; 

  

	 	6.3.2	Any disclosure made in accordance with a legal obligation or required by the order of a court of competent jurisdiction or an appropriate regulatory authority; and

  

	 	6.3.3	Any information which becomes available to the public generally other than as a result of his actions or default. 

  

	6.4	Nothing in this Clause 6 is intended to prevent the Employee making a protected disclosure in accordance with the Public Interest Disclosure Act 1998. 

 

	6.5	It is agreed that the undertakings in this Paragraph 6 are given to the Company for itself and for the benefit of and as trustee for its subsidiary companies.

  

	7.	NON-COMPETITION 

  

	7.1	The Employee is prohibited during his employment by the Company and two years after the Employee ceases to be employed by the Company, either directly or indirectly, by himself or
through his family member, whether as principal or otherwise, canvass or solicit business, taking part in or helping, by means of participation, assistance rendering service or labor, cooperation, provision of convenience, provision of information,
etc., any activities of any person or entities which may fall within a scope of business identical to or similar with that of the Company, or any other activities which may eventually lead to market competition with the Company.

  

	7.2	 The Employee shall not, during his employment by the Company, directly or indirectly, 

  

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induce or seek to induce any employee of the Company to leave that company’s employment, whether or not this would be a breach of contract on the part
of such employee. 

  

	7.3	The restriction contained in this clause 8 is considered reasonable by the Company and the employee and is intended to be separate and severable. In the event that any of these
restrictions shall be held void, but would be valid if part of the wording thereof were deleted or amended such restriction shall apply with such deletion or amendment as may be necessary to make it valid and effective. 

  

	8.	MONITORING OF COMMUNICATION 

 During the employment, the Employee
will have access to the Company’s telecoms and computer system which provides for communication by various means including telephone, fax, e-mail, voicemail and video conferencing link and which also allows access to the internet and the
Company’s intranet. In accordance with Company policy the Company may monitor or record his use of this system at any time during his employment if it has a legitimate business reason for doing so and by signing this letter he consent to such
monitoring or recording taking place. 
  

	9.	HOLIDAY AND SICKNESS 

  

	9.1	The Employee shall be entitled in each calendar year to twenty-one (21) working day’s holiday with full salary (in addition to statutory holidays). The Employee may
accumulate and carry forward up to twelve (12) working days’ holiday to the following calendar year provided that all such holiday days shall be taken and cleared within the first six(6) months of such following calendar year. All holiday
days not taken by such time shall be forfeited. The entitlement to holiday and, on termination of the employment, holiday pay in lieu of holiday, shall accrue pro rata throughout each calendar year of the employment. 

  

	9.2	If during the employment the Employee is absent from work due to illness or injury he must notify the Company as soon as possible and, if practicable, on the first working day of
incapacity. The Employee is entitled to the normal remuneration due to him under this Agreement during any period of absence (not exceeding one (1) year on any one occasion) from work due to sickness or injury. 

  

	9.3	If the Employee becomes unable to perform his duties properly by reason of illness or injury for a period or periods aggregating at least ninety(90) days in any period of 12
consecutive calendar months then the Company may terminate the Employee’s employment by giving him not less than (1) months’ notice provided that the Company shall withdraw any such notice if during the currency of the notice the
Employee returns to full time duties and provides a medical practitioner’s certificate satisfactory to the Company to the effect that he has fully recovered his health and that no recurrence of his illness or injury can reasonably be
anticipated. 

  

	10.	TERMINATION 

  

	10.1	 On termination of the employment (however arising), the Employee intends to early 

  

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terminate this Agreement, he shall notify the Company in written one (1) months in advance and the Company intends to early terminate this Agreement,
the Company shall give the Employee not less than one (1) month’ notice in writing. 

  

	10.2	The termination of the employment (however arising) shall not affect any provisions of this agreement which are expressed to operate or have effect after such termination and such
termination shall be without prejudice to the accrued rights and remedies of the parties. 

  

	10.3	The Employee shall have no right to compensation for the termination of his employment or the loss of any office and shall only be entitled to payment of such fees and expenses as
have accrued at the date of termination. 

  

	11.	OBLIGATIONS ON TERMINATION 

 Upon the termination of this Agreement
howsoever arising, the Employee shall, within three (3) months after the termination of this Agreement or the Company receives the Employee’s early termination notice (the earlier shall prevail):- 
  

	11.1	Deliver to the Company all property belonging to the Company including without limitation all documents, other records and any electronic equipment supplied by the Company (whether
on paper, magnetic tape or in any other form and including (without limitation) correspondence, lists of clients or customers, notes, memoranda, software, plans, drawings and other documents and records of whatsoever nature and all copies thereof)
made or compiled or acquired by the Employee during his employment hereunder and concerning the business, finances or affairs of the Company or its clients or customers; 

  

	11.2	Coordinate with the Company to assist the successor to take over the business, finances or affairs of the Company; and 

  

	11.3	Forthwith resign from any office which he may hold in the Company and his membership of any organization acquired or held by virtue of his employment with the Company, and should
the Employee fails to do any of the above, he hereby irrevocably authorizes any director of the Company, in his name and on his behalf, to execute any documents and to do any acts as necessary to give effect to this Clause. 

After such one-month period, the Employee shall no longer perform his duties as Chief Technology Officer, or act as the employee of the Company, or
take advantage of such fact. 
  

	12.	MISCELLANEOUS 

  

	12.1	Any notice to be given under this Agreement shall be deemed to be duly served when delivery of it is recorded (in the case of recorded delivery post), or when delivered (in the case
of personal delivery) or despatched (in the case of facsimile) to the relevant party’s address of facsimile number appearing in this Agreement or to such other address or facsimile number as that party may hereafter specify to the
notice-serving party by notice in writing. 

  

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	12.2	This Agreement is made in duplicate, each of which shall be hold by the Company and the Employee and of the same validity after execution by both parties. 

 

	12.3	No modification or amendment of this Agreement shall be effective or enforceable unless it is in writing and duly executed by both parties. 

  

	12.4	The Employee hereby represents and warranties that, he may execute and perform this Agreement legally and the execution or performance of this Agreement does and will not result in
any breach of any contract, agreement and any other rule or document of any company or other business entity by which the Employee is bound. 

  

	12.5	If any provision under this Agreement is in discrepancy with related laws or regulation, the related laws and regulations shall prevail. 

  

	12.6	Any other matter not provided in this Agreement shall be dealt with according to related laws, regulations, decrees or any other additional contract agreed by both parties
hereunder. 

 IN WITNESS whereof this Agreement has been entered into on the date stated at the beginning. 
  

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	[EXECUTION PAGE BEGINS HERE]
	
	 /s/ Xianshou Li

	SIGNED by LI XIAN SHOU
for and on behalf of
RENESOLA LTD
	
	 /s/ Binghua Huang

	SIGNED by HUANG BING HUA

  

 8Employment Agreement between the Registrant and Panjian Li

 Exhibit 10.7 
 DATED 29 OCTOBER 2006 
 (1) RENESOLA AMERICA INC. 
 (2) RENESOLA LTD. 
 (3) PAN JIAN LI

 EMPLOYMENT AGREEMENT 
 

 

 THIS AGREEMENT is made on 29th day of November 2006 
 BETWEEN:- 
 (1) RENESOLA AMERICA INC., a company incorporated in the United States with the registered address at 1209 Orange Street, Wilmington, New Castle, Delaware 19801,
Unite States of America (the “Company”); 
 (2) RENESOLA LTD, a company incorporated in The British Virgin Islands with the
registered number 1016246 and having its registered office at Craigmuir Chambers, Road Town, Tortola, British Virgin Islands (“ReneSola”); and 
 (3) LI PAN JIAN (US Resident Card: A073517770), a resident of United States of America with residential address at 11108 Bitter Dell Court, Fort Wayne, IN 46814, Unite States of America (the “Employee”) 

IT IS AGREED as follows:- 
  

	1.	EMPLOYMENT 

 The Company shall employ and continue to employ the
Employee and the Employee shall serve and continue to serve the Company as Chief Executive Officer of the Company and its group of companies in such capacity as ReneSola Ltd. may request in agreement with him. The Employment shall, subject to Clause
9, be for an initial period of five (5) years from the effective date. Thereafter, the Employment shall automatically continue unless terminated in accordance with Clause10. 
  

	2.	DUTIES 

  

	2.1	The Employee shall be the Chief Executive Officer of the Company. His duties shall include (but not be in any way restricted to):- 

  

	 	2.1.1	using his best endeavors to promote the interests and reputation of the Group giving at all times the full benefit of his knowledge expertise and skill; 

  

	 	2.1.2	faithfully and diligently and to the best of his ability exercise such powers and perform such duties in relation to the Group’s business as the Board may from time to time
require; 

  

	 	2.1.3	refraining from making any false or misleading statements about the Group; 

	 	2.1.4	implementing policies laid down by the Board and translating them into operational plans and day-to-day directives; 

  

	 	2.1.5	keeping the operation of the Company under constant review and presenting to the Board periodic statements, accounts reports and statistics showing the progress and performance of
the Company and the other Group Company; 

  

	 	2.1.6	making plans for the future development and growth of the Company in developed and developing markets for the Company’s services; 

  

	 	2.1.7	considering and implementing changes in the Group’s organizational structure and in the allocation of the responsibilities that may be required to provide for growth and
changes on activities, the business environment and personnel; 

  

	 	2.1.8	representing the Company in relevant associations, trade and commercial organizations, trade delegations, charities and public organizations which will enhance the prestige and
recognition of the Company; and 

  

	 	2.1.9	maintaining and developing good relations with governmental agencies and public of any country which the Company has or will have operations therein. 

  

	2.2	The Employee shall work such hours as are necessary for the proper performance of his duties under this Agreement at such times as the Employee shall reasonably determine bearing in
mind his fiduciary duties as a director of the Company. 

  

	2.3	During the Employment, the Employee shall well and faithfully serve the Company and use his utmost endeavors to promote its interests, but so far as is reasonably possible, not in
any way which may conflict with the interests of any other Group Company, which interests the Employee shall use his utmost endeavors to promote. 

  

	3.	PLACE OF WORK 

  

	3.1	The place of work will be at the Company’s premises. The Employee may be required to travel to clients’ sites and premises in the course of his duties.

  

	3.2	During the course of the employment, the Employee may be required to change his place of work to premises maintained by the Company from time to time. The Employee will be given as
much notice as possible of any such change. 

  

	4.	REMUNERATION 

  

	4.1	 ReneSola Ltd. shall pay the base salary to the Employee at a yearly rate of US$130,000. The 

	 	 
Employee shall be solely responsible for income tax liability arising from the employment under this Agreement. The federal, state and local income tax and
Medicare cost shall be deducted from the salary of the Employee under the laws of relevant jurisdiction to deduct. Such salary shall be payable monthly and in arrears on or around the 25th of each month. 

  

	4.2	The Employee is entitled to annual cash bonus of approximately US$30,000 paid by ReneSola Ltd. If his annual performance meets the expectation of the Board of Directors of ReneSola
Ltd. 

  

	4.3	The Employee is entitled to annual performance review and salary increase according to his merits. 

  

	4.4	The Employee’s salary shall include any compensation in relation to their confidentiality obligations pursuant to Clause 11 of this Agreement. 

  

	5.	EXPENSES 

 The Company shall reimburse the Employee any traveling,
hotel entertainment and other out-of-pocket expenses reasonably incurred by him in the proper performance of his duties, subject to financial management procedures set up by the Company. Any credit card supplied to the Employee by the Company shall
be used solely for expenses incurred by him in the course of the Employment and the Employee shall immediately return any such card to the Company whenever so required by the Board. 
  

	6.	EMPLOYEE BENEFIT SCHEME 

 The Company shall, during the continuance
of the Employment, provide the Employee with benefits comparable with those provided by his previous employer including: 
  

	6.1	Life insurance with five times of annual base salary; 

  

	6.2	Business travel accident coverage and 24-hour accident coverage; 

  

	6.3	Disable insurances; 

  

	6.4	Medical and dental insurance for employee and his immediate family; and 

  

	6.5	401(k) retirement plan with dollar to dollar match up to 6% of annual base salary. 

  

	7.	SHARE SUBSCRIPTION 

 The Employee is entitled to free ReneSola stock
shares of approximate 40,000 ur its (before any split) each year in employment of ReneSola. These shares shall be granted in 

 
January of the following year (The first grant shall be in January 2008). This is contingent upon the establishment of ReneSola Employee Incentive Plan
(“REIP”) and its structure. The Employee’s entitlement to the Shares granted to him shall be subject to Share Subscription Agreement entered into between the Employee and ReneSola Ltd. 
  

	8.	HOLIDAYS AND SICKNESS 

  

	8.1	The Employee shall be entitled in each calendar year to Twenty (20) working days’ holiday with full salary (in addition to statutory holidays) to be taken at such
reasonable time or times as may be approved by the Board. The Employee may accumulate and carry forward unused holidays to following calendar year provided that all such holiday days shall be taken and cleared within the first (6) months of
such following calendar year. All holiday days not taken by such time shall be forfeited. The entitlement to holiday and, on termination of the Employment, holiday pay in lieu of holiday, shall accrue pro rata throughout each calendar year of the
Employment. 

  

	8.2	If the Employee shall during the continuance of this Agreement be incapacitated by ill-health or accident from performing his duties hereunder (and he shall if required produce to
the Company evidence of such incapacity) for a period or periods aggregating 90 days or more in any period of 12 months, the Company may by written notice to the Employee forthwith or as from a future date specified in the notice discontinue payment
in whole or part of his remuneration under Clauses 5 until such incapacity shall cease or (whether or not his remuneration shall have been discontinued as aforesaid) terminate this Agreement by giving the balance of notice which the Employee is
entitled to receive under Clause 10 less the length of the period for which he has been incapacitated. Subject to the provisions of this Clause remuneration shall continue to be payable to the Employee under Clause 5 notwithstanding such incapacity.
For avoidance of doubt, the Employee’s entitlement to the Shares granted to him shall be subject to Share Subscription Agreement. 

  

	9.	TERMINATION 

  

	9.1	Except as otherwise provided in Clauses 1 and 9.2, the Employment may be terminated by either party giving the other not less than one (1) month’ notice in writing
provided that the Company shall have the option to pay salary (pro-rated) in lieu of any required period of notice. 

	9.2	Notwithstanding the other provisions of this Agreement, the Company may terminate the Employment forthwith without prior notice (but without prejudice to the rights and remedies of
the Company) for any breach of this Agreement in any of the following cases:- 

  

	 	9.2.1	if the Employee fails or neglects efficiently and diligently to carry out his duties to the reasonable satisfaction of the Board; 

  

	 	9.2.2	if the Employee is guilty of dishonestly or serious or misconduct, in all cases whether or not in connection with or referable to the Employment; 

  

	 	9.2.3	if the Employee becomes bankrupt or has a receiving order made against him or makes any general composition with his creditors; 

  

	 	9.2.4	if the Employee is convicted of any criminal offence, which might reasonably be thought to adversely affect the performance of his duties; 

  

	 	9.2.5	if the Employee does any act or thing which may bring serious discredit on the Company or any other Group Company; 

  

	 	9.2.6	commits any serious breach of the Company’s operating procedures (as laid down by the Company and communicated to the Employee from time to time) and have caused serious
financial loss to the Company; 

  

	 	9.2.7	if the Employee fails to observe and perform any of the duties and responsibilities imposed by this Agreement or which are imposed by law; 

  

	 	9.2.8	if the Employee becomes unsound of mind or suffers from a mental disorder; or 

  

	 	9.2.9	if the Employee otherwise acts in breach of this Agreement so as materially to prejudice the business of the Company or any other Group Company. 

  

	9.3	The Employee shall not, at any time after termination of the Employment for whatever reason, represent himself as being in any way connected with the business of the Company.

  

	9.4	Upon termination of the Employment for whatever reason the Employee shall forthwith deliver to the Company or its authorized representative such of the following as are in his
possession or control:- 

  

	 	9.4.1	all keys, security and computer passes, plans statistics, documents, records, papers, magnetic disks, tapes or other software storage media including all copies, records and
memoranda (whether or not recorded in writing or on computer disk or tape) made by the Employee of any confidential information (as described in Clause 12.2) 

	 	9.4.2	all credit cards and charge cards provided for the Employee’s use by the Company; and 

  

	 	9.4.3	all other property of the Group not previously referred to this Clause. 

  

	10.	NON-COMPETITION RESTRICTIONS 

  

	10.1	The Employee shall not, at any time during the period of the Employment and for a period of two (2) years after the termination of the Employment, do or permit any of the
following without the prior written consent of the Board of ReneSola Ltd.:- 

  

	 	10.1.1	directly or indirectly carry on or be engaged or interested in any capacity in any other business, trade or occupation whatsoever, except, in a business, trade or occupation which
does not compete with the business or businesses of the Company or ReneSola Ltd. or except as disclosed or declared in writing to the Company or ReneSola Ltd. prior to the date hereof; 

  

	 	10.1.2	either solely or jointly with or on behalf of any person, firm or corporation directly or indirectly carry on or be engaged or interested in any business competing with the business
or businesses of the Company or ReneSola Ltd.; 

  

	 	10.1.3	either solely or jointly with or on behalf of any person, firm or corporation solicit the custom of any person who is or has been at any time during the period of the Employment:-

  

	 	(a)	a customer, agent or correspondent of the Group or in the habit of dealing with the Group; 

  

	 	(b)	in commercial negotiations with the Company or ReneSola Ltd with a view to placing business with the Company or ReneSola Ltd.; or 

  

	 	(c)	visited by the Employee on behalf of the Company or ReneSola Ltd. for the purpose of ascertaining the possibility of such person doing business with the Company or ReneSola Ltd.,
for the purpose of offering to such person goods or services similar to or competing with those of the business or businesses of the Company or ReneSola Ltd.; 

  

	 	10.1.4	either on his own account or in conjunction with or on behalf of any other person, firm, or company solicit or entice away, from the Group any person who was employed in an
Employee, technical or managerial capacity in the Group at the date of termination of his employment whether or not such person would commit a breach of his contract of employment by reason of leaving such employment. 

	 	10.1.5	at any time hereafter in relation to any trade, business or company, use a name in such a way as to be capable of being or likely to be confused with the name of the Company and
shall use all reasonable endeavor to procure that no such name shall be used by any person, firm or company with which he is connected; or 

  

	 	10.1.6	cause or permit any person or company directly or indirectly under his control or in which he has any beneficial interests to do the foregoing acts or things.

  

	10.2	Each undertaking contained in Clause 10.1 shall be read and construed independently of the other covenants therein contained so that if one or more should be held to be invalid as
an unreasonable restraint of trade or for any other reason whatsoever then the remaining covenants shall be valid to the extent that they are not held to be so invalid. 

  

	10.3	While the covenant in Clause 10.1 is considered by the Company and the Employee to be reasonable in all the circumstances, if one or more should be held invalid as an unreasonable
restraint of trade or for an other reason whatsoever but would have been held valid if part of the wording thereof had been deleted or the period thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said
covenants shall apply with such modifications as may be necessary to make them valid and effective. 

  

	11.	CONFIDENTIALITY 

  

	11.1	The Employee shall keep secret and shall not during the period of Employment or afterwards for whatever reason, use for his own or another’s advantage, or reveal to any person,
firm or company, any of the trade secrets, business methods or information which the Employee knows or ought reasonably to have known to be confidential concerning the business or affairs of the Company and ReneSola Ltd so far as they shall have
come to his knowledge during the Employment. The restrictions contained in this Clause 11.1 shall not apply:- 

  

	 	11.1.1	to any disclosure or use authorized by the Board or required by law; or 

  

	 	11.1.2	to any trade secrets, business methods or information which may lawfully have come into the public domain other than by a breach of this Agreement. 

  

	11.2	 For the purpose of this Clause 11, confidential information includes but is not limited to any documentation or information marked as confidential and information
received or 

	 	 
developed by the Company and ReneSola Ltd. which is not publicly available and relates to processes, equipment and techniques used by the Company’s
business including but not limited to designs for product and manufacturing plant, technical data and marketing information such as customer lists financial information and business plans. 

  

	12	INTELLECTUAL PROPERTY 

  

	12.1	All information relating to custom, clients, suppliers, investors, production process, market research, trade secret and other confidential and proprietary information, R&D
results and Invention related to the business of the Company and ReneSola Ltd. shall vest and be the absolute property of the Company and ReneSola Ltd. 

  

	12.2	The nature of any Inventions made or discovered by the Employee which in any way relates or may be related to an product, process, or business of the Company and ReneSola Ltd. shall
forthwith be notified by the Employee to the Company and ReneSola Ltd. 

  

	12.3	In case in which the Invention belongs to the Employee, the Company shall be entitled to negotiate with the Employee with a view to acquiring all or any rights title and benefit in
the Invention. The Employee shall not, without the prior consent in writing of the Company, disclose the same to any third party except to a chartered patent agent for the purpose of seeking protection for the Invention nor use the same for his own
personal benefit or otherwise until the Company has in writing declined to negotiate or acquire the Invention or upon the expiry of three (3) months from the date of disclosure to the Company whichever is the sooner, except that if negotiations
are entered into, no disclosure of the Invention to any third party shall be made until the conclusion of such negotiations except to the extent that such disclosure is authorized in writing by the Company. 

  

	12.4	 The copyright in any computer programs, drawings, diagrams or other works mad or originated by the Employee at any time during the continuance of the Agreement
(whether during normal working hours or not) relating to or capable of being used in the business of the Company and ReneSola Ltd. shall vest in the Company (whether or not the work was made by the direction of the Company or was intended to benefit
the Company) and the Employee shall, if called upon so to do by the 

	 	 
Company, ant any time hereafter execute such documents and do all acts and things at the Company’s costs as the Company may require to establish to
confirm the ownership of such copyright in the Company. 

  

	12.5	For the purpose of this Clause 11, “Inventions” shall mean all patentable and non-patentable inventions, discoveries and improvements, processes and know-how, copyright
works ( including, without limitation, computer programs), new designs and the like discovered or created b the Employee in the course of the Employment or for the like discovered or created by the Employee in the course of the Employment or for the
Company and ReneSola Ltd. or discovered or created as a result ( whether directly or indirectly) of anything done by him in pursuance of his duties hereunder and/or based ( directly or indirectly) on any item of the Information or which in any way
relates or may be related to any product, process or business of the company and ReneSola Ltd., and “Information” shall include all communications and information, whether written, visual or oral and all other material supplied to or
obtained by the Employee in the course of the Employment and duties hereunder. 

  

	13.	MISCELLANEOUS 

  

	13.1	For such time that ReneSola Ltd. remains the ultimate holding company of the Company, the parties to this Agreement hereby expressly agree and acknowledge that this Agreement shall
become effective only after approval from the board of ReneSola Ltd. is obtained and ReneSola Ltd. shall be entitled to enforce the provisions of this Agreement as against the Employee. 

  

	13.2	 This Agreement shall from the effective date operate in substitution for any terms of service previously in force between the Company and the Employee but without
prejudice to the rights, liabilities and obligations (if any) of either party accrued prior to that date. For the avoidance of doubt, the years of service of the Employee with the Company will be treated as continuous as from the date of this first
employment with the Company on the effective date and recognized for employee benefit scheme. The understanding between the parties as to its subject matter and both parties acknowledge that neither of them has entered into this Agreement in
reliance upon 

	 	 
an representation, warranty or undertaking which is not set out in this Agreement or referred to in this Agreement as forming part of the contract of
employment of the Employee. 

  

	13.3	The various provisions of this Agreement are severable and if any provision is held to be invalid or unenforceable, by any court of competent jurisdiction then such invalidity or
unenforceability shall not affect the remaining provisions of this Agreement. 

  

	13.4	The waiver by the Company of any breach of any terms of this Agreement shall not prevent the subsequent enforcement of that term and shall not be deemed a waiver of any subsequent
breach. 

  

	13.5	No variation or amendment of this Agreement or oral promise or commitment related to it shall be valid unless made in writing and signed by or on behalf of both parties.

  

	13.6	Any notice to be given hereunder to the Employee may be served by being handed to him personally or by being sent by registered post to him at his address as set out at the
beginning of this Agreement (or such other address as she may have notified the Company); and any notice to be given to the Company may be served by being left at or sent by registered post to the address as set out at the beginning of this
Agreement ( or such other address as the Company may have notified the Employee). Any notice served by hand shall be deemed to have been served on the date of service, and any notice served by post shall be deemed to have been served on the day (
excluding Sundays and public holidays) next following the date of posting. 

  

	13.7	This Agreement shall be governed by and construed in accordance with the laws of United States. 

  

	13.8	Except as otherwise provided herein, a person who is not a party has no right to enforce or to enjoy the benefit of any term of this Agreement. 

 IN WITNESS whereof this Agreement has been entered into on the date stated at the beginning. 

	
	 [EXECUTION PAGE BEGINS HERE]

	
	 /s/ Xianshou Li

	SIGNED by
for and on behalf of
	RENESOLA AMERICA INC.

  

	
	 /s/ Xianshou Li

	SIGNED by LI XIAN SHOU
for and on behalf of
	RENESOLA LTD

  

	
	 /s/ Panjian Li

	SIGNED by PAN JIAN LI

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