Document:

Unassociated Document

    Exhibit
4.29

     

    

     

    CONTRACT

     

    Between

     

    BP Solar International
Inc.

     

    and

     

    Renesola Singapore Pte.,
Ltd.

     

    for

     

    Supply of
Solar Wafers.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    Contract
No.:BPRS-WF-2009-01

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Index of Contract
Documents

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    No.

                                  	 	
                                    Description

                                  	 	 
	 
      	 	 
      	 	 
	
                                    Section
      1

                                  	 	
                                    Agreement

                                  	 	
                                     4

                                  
	 
      	 	 
      	 	 
	
                                    Section
      2

                                  	 	
                                    General
      Terms and Conditions

                                  	 	
                                     11

                                  
	 
      	 	 
      	 	 
	
                                    Section
      3

                                  	 	
                                    Attachments:

                                  	 	 
	 
      	 	 
      	 	 
	 
      	 	
                                    Attachment-A,
      Commodity, Quantity, Price, & Schedule

                                  	 	
                                     18

                                  
	 
      	 	
                                    Attachment-B,
      Specifications

                                  	 	
                                     20

                                  
	 
      	 	
                                    Attachment-C,
      Bp Associates

                                  	 	
                                     23

                                  
	 
      	 	
                                    Attachment-D,
      Renesola Associates

                                  	 	
                                     24

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    SECTION
1

     

    AGREEMENT

     

    Table
of Contents

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              	
                                                                      Article
      No.

                                                                    	 	
                                                                      Description

                                                                    	 	 
	 	 	 	 	 
	
                                                                      1. 

                                                                    	 	
                                                                      CONTRACT
      TERM

                                                                    	 	
                                                                       5

                                                                    
	 	 	 	 	
                                                                       

                                                                    
	
                                                                      2. 

                                                                    	 	
                                                                      NAME
      OF COMMODITY

                                                                    	 	
                                                                       5

                                                                    
	 	 	 	 	 
	
                                                                      3. 

                                                                    	 	
                                                                      QUANTITY

                                                                    	 	
                                                                       6

                                                                    
	 	 	 	 	 
	
                                                                      4. 

                                                                    	 	
                                                                      PRICE

                                                                    	 	
                                                                       6

                                                                    
	
                                                                       

                                                                    	 	 	 	 
	
                                                                      5. 

                                                                    	 	
                                                                      SHIPPING
      TERMS

                                                                    	 	
                                                                       6

                                                                    
	 	 	 	 	 
	
                                                                      6. 

                                                                    	 	
                                                                      SHIPPING
      SHCEDULE

                                                                    	 	
                                                                       6

                                                                    
	 	 	 	 	 
	
                                                                      7. 

                                                                    	 	
                                                                      PAYMENT
      TERMS

                                                                    	 	
                                                                       6

                                                                    
	 	 	 	 	 
	
                                                                      8. 

                                                                    	 	
                                                                      QUALITY
      & WARRANTY

                                                                    	 	
                                                                       6

                                                                    
	 	 	 	 	 
	
                                                                      9. 

                                                                    	 	
                                                                      INSPECTION

                                                                    	 	
                                                                       7

                                                                    
	 	 	 	 	 
	
                                                                      10.

                                                                    	 	
                                                                      DEFECTS,
      DAMAGE & DISCREPANCY

                                                                    	 	
                                                                       7

                                                                    
	 	 	 	 	 
	
                                                                      11.

                                                                    	 	
                                                                      LATE
      DELIVERY

                                                                    	 	
                                                                       8

                                                                    
	 	 	 	 	 
	
                                                                      12.

                                                                    	 	
                                                                      NOTICES

                                                                    	 	
                                                                       8

                                                                    
	 	 	 	 	 
	
                                                                      13.

                                                                    	 	
                                                                      GOVERNING
      LAW

                                                                    	 	
                                                                       9

                                                                    
	 	 	 	 	 
	
                                                                      14.

                                                                    	 	
                                                                      ARBITRATION

                                                                    	 	
                                                                       9

                                                                    
	 	 	 	 	 
	
                                                                      15.

                                                                    	 	
                                                                      ENTIRE
      CONTRACT

                                                                    	 	
                                                                       9

                                                                    

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    SECTION
1

     

    AGREEMENT

     

    This
Agreement (together with the documents attached hereto, hereinafter referred to
as the "Contract") is made by and between:

     

    BP Solar
International Inc. with an office at 90 New Montgomery, Suite
1500, San Francisco, CA 94105 USA (hereinafter referred to as “Party A” or “BP Solar”), and

     

    Renesola
Singapore Pte., Ltd., whose registered office is at 48 Toh Guan RD. East,#02-103
Enterprise Hub, Singapore 609964 (hereinafter referred to as “Party B” or “RENESOLA”).

     

    Party A and Party B may sometimes
individually be referred to as the “Party”, or may collectively be referred to
as the "Parties".

     

    Each Party may also be referred to
as “Buyer” or "Seller" based on different contexts:

     

    
      	
              a)

            	
              In
      the supply of silicon
      materials, Party
      A will be referred to as “Seller”; while Party B will be referred
      to as “Buyer”.

            

    

     

    
      	
              b)

            	
              In
      the supply of solar
      wafers, Party
      B will be referred to as “Seller”; while Party A will be referred
      to as “Buyer”.

            

    

     

    WHEREAS, Party A desires to
supply to Party B
certain silicon
materials for
tolling into solar wafers, and

     

    WHEREAS, Party B desires to
supply to Party A
certain solar
wafers under the terms and conditions set forth herein.

     

    NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein, the Parties
hereto agree as follows:

     

    
      	
              1.

            	
              CONTRACT
      TERM:

            

    

     

    This
Contract shall come into force on the date of Jan., 1ST, 2009, and shall
remain in full force and effect until Dec., 31ST, 2009.

     

    
      	
              2.

            	
              NAME
      OF COMMODITY:

            

    

     

    The
description of the materials (sometimes may be referred
to as “Goods” or “Products”) supplied under this Contract shall be
defined in Attachment-A.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              QUANTITY

            

    

     

    The
quantity of Goods supplied under this Contract is set in Attachment-A.

     

    
      	
              4.

            	
              PRICE:

            

    

     

    The
prices for the Goods supplied under this Contract are specified in Attachment-A.

     

    
      	
              5.

            	
              SHIPPING
      TERMS:

            

    

     

    
      	
               
      

            	
              5.1

            	
              The
      Goods supplied under this Contract shall be shipped under the shipping
      terms as stipulated in Attachment-A.

            

    

     

    
      	
               
      

            	
              5.2

            	
              The
      interpretation of the shipping terms selected shall be subject to
      Incoterms 2000.

            

    

     

    
      	
              6.

            	
              SHIPPING
      SCHEDULE:

            

    

     

    Unless
otherwise instructed by Buyer, Seller shall prepare delivery
in accordance with the Shipping Schedule as set in Attachment-A.

     

    
      	
              7.

            	
              PAYMENT
      TERMS:

            

    

     

    
      	
               
      

            	
              7.1

            	
              Payment
      shall be made via T/T within thirty (30)
      calendar days against each shipment after receiving the
      relevant commercial invoice, packing list and the shipping document (such
      as Air Waybill or B/L).
      This payment term is applicable for both
  Parties.

            

    

     

    
      	
               
      

            	
              7.2

            	
              The
      relevant invoice shall indicate the quantity delivered, unit price, total
      amount, Purchase Order (PO) number, and other information as reasonably
      required by Buyer.

            

    

     

    
      	
               
      

            	
              7.3

            	
              If
      Buyer disputes any invoice, in whole or in part, Buyer shall promptly
      notify Seller of the dispute and shall pay only the undisputed portion.
      Buyer and Seller shall endeavor to settle and adjust any disputed amount
      timely.

            

    

     

    
      	
              8.

            	
              QUALITY
      & WARRANTY:

            

    

     

    
      	
               
      

            	
              8.1

            	
              Seller warrants that the
      Goods supplied hereunder shall be of the quality set out in, conform to
      and perform in accordance with the specifications
      stipulated in Attachment-B or such
      other specifications as agreed in writing by the
  Parties.

            

    

     

    
      	
               
      

            	
              8.2

            	
              Any
      deviation from or modification to the specifications shall be subject to
      the prior written approval of both
Parties.

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              8.3

            	
              Seller warrants that the
      Goods supplied hereunder shall be free and clear of all claims and
      encumbrances and shall be produced and delivered in compliance with the
      terms and conditions of this Contract and any applicable
    laws.

            

    

     

    
      	
               
      

            	
              8.4

            	
              Seller
      shall also provide the specific warranty and
      certificates (if any), as stipulated in Attachment-B.

            

    

     

    
      	
               
      

            	
              8.5

            	
              Seller shall maintain a
      true, correct, and complete set of records pertaining to its performance
      of this Contract and all transactions related thereto to ensure reliable
      traceability for its Products supplied to Buyer. Seller further agrees to
      retain all such records for a period of at least two years after
      termination of the Contract. Buyer may audit any and
      all such records at any reasonable time
during.

            

    

     

    
      	
               
      

            	
              8.6

            	
              Seller shall develop and
      maintain appropriate quality management systems and procedures to ensure
      strict quality control and quality assurance throughout the whole
      production process. 

            

    

     

    
      	
               
      

            	
              8.7

            	
              Both Parties shall
      co-operate fully with each other in achieving the highest quality
      standard, and to ensure continuous improvement of
  quality.

            

    

     

    
      	
              9.

            	
              INSPECTION:

            

    

     

    
      	
               
      

            	
              9.1

            	
              Seller shall conduct
      pre-delivery inspection to ensure that the quality, specifications,
      quantity, packaging and requirements for safety are in compliance with the
      stipulations of the Contract and each
PO.

            

    

     

    
      	
               
      

            	
              9.2

            	
              Buyer shall have the
      right to conduct inspection of the Goods in Sellers facilities. Seller shall afford
      Buyer’s representative every facility for such purposes, including access
      to Seller’s facility at all reasonable times for
  audits.

            

    

     

    
      	
               
      

            	
              9.3

            	
              Buyer shall conduct a
      preliminary inspection within seven (7)
      working
      days after the arrival of the Goods at the
    destination.

            

    

     

    
      	
              10.

            	
              DEFECTS,
      DAMAGE & DISCREPANCY:

            

    

     

    
      	
               
      

            	
              10.1

            	
              Notice
      of Defects:

            

    

     

    
      	
               
      

            	
              a)

            	
              Goods
      will be considered “defective” if it fails to conform to the specifications as
      detailed in Attachment-B.

            

    

     

    
      	
               
      

            	
              b)

            	
              In
      cases of apparent
      defects, Buyer shall use reasonable efforts to report in writing to
      Seller within thirty
      (30) days from the
      arrival date.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              c)

            	
              In
      cases of hidden
      (concealed) defects, Buyer shall use reasonable effort to report in
      writing to Seller within ninety
      (90) days from the arrival
date.

            

    

     

    
      	
               
      

            	
              10.2

            	
              Remedy
      of Defects:

            

    

     

    
      	
               
      

            	
              a)

            	
              In
      case any defects (either visible or concealed) to be found owing to
      Seller’s fault, the Buyer shall have the right to reject the Goods, or to
      require Seller to repair or replace the Goods at Seller's expense,
      provided that claim is filed within the valid period as specified in this
      Contract.

            

    

     

    
      	
               
      

            	
              b)

            	
              If
      Buyer opts to reject the defective Goods, Buyer shall return the Goods to
      Seller, and Seller shall immediately reimburse Buyer for the cost of
      return and the price paid by Buyer for the rejected
  Goods.

            

    

     

    
      	
               
      

            	
              10.3

            	
              Claims
      for Damage/Loss:

            

    

     

    Claims
for damage/loss during transportation shall be handled in accordance with the
applicable Shipping Terms.

     

    
      	
               
      

            	
              10.4

            	
              Surplus/Shortage:

            

    

     

    If
discrepancy in quantity (surplus/shortage) is found on receipt, Buyer shall use
reasonable effort to report in writing to Seller within fourteen
(14) working days
of arrival.

     

    
      	
              11.

            	
              LATE
      DELIVERY:

            

    

     

    
      	
               
      

            	
              11.1

            	
              Seller
      shall ensure that Goods will be delivered timely in accordance with the
      agreed shipping schedule.

            

    

     

    
      	
               
      

            	
              11.2

            	
              If
      Seller materially delays or becomes aware of the likelihood of a material
      delay in delivery, Seller shall promptly notify Buyer in writing and
      provide Buyer with full particulars of the
  circumstances.

            

    

     

    
      	
               
      

            	
              11.3

            	
              Buyer
      shall, at its sole discretion, advise Seller whether to cancel the
      relevant Purchase Order or extend the timing for
  delivery.

            

    

     

    
      	
              12.

            	
              NOTICES

            

    

     

    
      	
               
      

            	
              12.1

            	
              Any
      notice and communication to a Party required or permitted by this Contract
      shall be given in writing by mail, facsimile or
  e-mail.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              12.2

            	
              Mail
      shall be addressed to a Party at its addresses set forth in the first page
      of this Contract or as amended as provided herein and shall be deemed to
      have been received 7 days after its
posting.

            

    

     

    
      	
               
      

            	
              12.3

            	
              Facsimiles
      or e-mail shall be deemed to have been received at the time of its
      successful transmission.

            

    

     

    
      	
               
      

            	
              12.4

            	
              Either
      Party may at any time change its address for notice or communication by
      giving a written notice to the other
Party.

            

    

     

    
      	
               
      

            	
              12.5

            	
              Notices
      associated with each Purchase Order shall be sent to the BP Associate at
      the address to be specified by that BP Associate in the Purchase Order or
      otherwise in writing.

            

    

     

    
      	
              13.

            	
              GOVERNING
      LAW

            

    

     

    Regardless
of the place of contracting, place of performance or otherwise, this Contract
and all Purchase Orders thereto shall be governed by and construed in accordance
with the laws of the State of
New York, without regard to its conflict of laws rules.

     

    
      	
              14.

            	
              ARBITRATION

            

    

     

    Any
controversy or claim arising out of or relating to this Contract and all
Purchase Orders thereto, or the invalidity or breach thereof, which cannot be
settled amicably, shall be submitted to arbitration in accordance with the United Nations Commission on
International Trade Law (UNCITRAL) Arbitration Rules.

     

    The
arbitration shall take place in New York.

     

    The
decision of the arbitrator(s) shall be final and binding upon both
Parties.

     

    
      	
              15.

            	
              ENTIRE
      CONTRACT

            

    

     

    
      	
               
      

            	
              15.1

            	
              The
      above terms and conditions, together with the General Terms and
      Conditions, and other documents attached hereto, constitute the
      entire Contract between the
Parties.

            

    

     

    
      	
               
      

            	
              15.2

            	
              All
      previous understandings between the Parties either oral or written with
      regard to the subject matter of this Contract are hereby cancelled and are
      null and void.

            

    

     

    
      	
               
      

            	
              15.3

            	
              In
      the event of a conflict among the terms and conditions herein, the
      Attachments hereto, and a Purchase Order, the documents shall take
      precedence according to the descending order shown
  below:

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      terms and conditions herein

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      Attachments hereto

            

    

     

    
      	
               
      

            	
              ·

            	
              The
      Purchase Order

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the Parties
have caused this Contract to be duly executed, in two counterparts, as of the
day first written above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  	
                                                                           BP
      Solar International Inc.

                                                                        	 
      	
                                                                          Renesola Singapore Pte.,
    Ltd.

                                                                        
	 	 	 
	
                                                                          (Party
      A)

                                                                        	 
      	
                                                                          (Party
      B)

                                                                        
	 	 	 
	
                                                                          Signature:
      /s/

                                                                        	 
      	
                                                                          Signature: /s/ Xianshou
      Li

                                                                        
	 	 	 
	
                                                                          Name:

                                                                        	 
      	
                                                                          Name:

                                                                        
	 	 	 
	
                                                                          Title:      VP
      Global Operations

                                                                        	 
      	
                                                                          Title:   CEO

                                                                        
	 	 	 
	
                                                                          Date:
      January 9, 2009

                                                                        	 
      	
                                                                          Date:
      January 19, 2009

                                                                        
	 	 	 
	
                                                                          Second
      Level Approval

                                                                        	 
      	 
      
	 	 	 
	
                                                                          Signature:    /s/

                                                                        	 
      	 
      
	 	 	 
	
                                                                          Name:

                                                                        	 
      	 
      
	 	 	 
	
                                                                          Date:

                                                                        	 
      	
                                                                          Date:

                                                                        

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    SECTION
2

     

    GENERAL
TERMS AND CONDITIONS

     

    Table
of Contents

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          	
                                                                                  Article No.

                                                                                	 
      	
                                                                                  Description

                                                                                	 	 
	 	 	 	 	 
	
                                                                                  1. 

                                                                                	 
      	
                                                                                  DEFINITIONS

                                                                                	 	
                                                                                   12

                                                                                
	 	 	 	 	 
	
                                                                                  2. 

                                                                                	 
      	
                                                                                  SCOPE
      OF APPLICATION

                                                                                	 	
                                                                                   12

                                                                                
	 	 	 	 	 
	
                                                                                  3. 

                                                                                	 
      	
                                                                                  SAFETY

                                                                                	 	
                                                                                   12

                                                                                
	 	 	 	 	 
	
                                                                                  4. 

                                                                                	 
      	
                                                                                  ETHICAL
      BEHAVIOR

                                                                                	 	
                                                                                   13

                                                                                
	 	 	 	 	 
	
                                                                                  5. 

                                                                                	 
      	
                                                                                  AMENDMENT
      & TERMINATION

                                                                                	 	
                                                                                   13

                                                                                
	 	 	 	 	 
	
                                                                                  6. 

                                                                                	 
      	
                                                                                  ASSIGNMENT

                                                                                	 	
                                                                                   14

                                                                                
	 	 	 	 	 
	
                                                                                  7. 

                                                                                	 
      	
                                                                                  WAIVER

                                                                                	 	
                                                                                   14

                                                                                
	 	 	 	 	 
	
                                                                                  8. 

                                                                                	 
      	
                                                                                  SEVERABILITY

                                                                                	 	
                                                                                   14

                                                                                
	 	 	 	 	 
	
                                                                                  9. 

                                                                                	 
      	
                                                                                  FORCE
      MAJEURE

                                                                                	 	
                                                                                   14

                                                                                
	 	 	 	 	 
	
                                                                                  10.

                                                                                	 
      	
                                                                                  INDEMNITY

                                                                                	 	
                                                                                   15

                                                                                
	 	 	 	 	 
	
                                                                                  11.

                                                                                	 
      	
                                                                                  INTELLECTUAL
      PROPERTY

                                                                                	 	
                                                                                   15

                                                                                
	 	 	 	 	 
	
                                                                                  12.

                                                                                	 
      	
                                                                                  CONFIDENTIALITY

                                                                                	 	
                                                                                   15

                                                                                
	 	 	 	 	 
	
                                                                                  13.

                                                                                	 
      	
                                                                                  TITLE
      & RISK

                                                                                	 	
                                                                                   16

                                                                                
	 	 	 	 	 
	
                                                                                  14.

                                                                                	 
      	
                                                                                  TAXES
      & DUTIES

                                                                                	 	
                                                                                   16

                                                                                
	 	 	 	 	 
	
                                                                                  15.

                                                                                	 
      	
                                                                                  USE
      OF COMPANY LOGO

                                                                                	 	
                                                                                   16

                                                                                
	 	 	 	 	 
	
                                                                                  16.

                                                                                	 
      	
                                                                                  PURCHASING
      PROCESS

                                                                                	 	
                                                                                   17

                                                                                
	 	 	 	 	 
	
                                                                                  17.

                                                                                	
                                                                                    

                                                                                	
                                                                                  PACKING
      & MARKING

                                                                                	 	
                                                                                   17

                                                                                

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    SECTION
2

     

    GENERAL
TERMS AND CONDITIONS

     

    
      	
              1.

            	
              DEFINITIONS:

            

    

     

    
      	
               
      

            	
              1.1

            	
              “Purchase Order” means
      the purchase order (PO) either paper or electronic, with related
      attachments, issued by Buyer pursuant to this
  Contract.

            

    

     

    
      	
               
      

            	
              1.2

            	
              “BP Associates” means the
      companies listed in Attachment-C.

            

    

     

    
      	
               
      

            	
              1.3

            	
              “ReneSola Associates”
      means the companies listed in
Attachment-D.

            

    

     

    
      	
              2.

            	
              SCOPE
      OF APPLICATION:

            

    

     

    
      	
               
      

            	
              2.1

            	
              This
      Contract shall apply to the PO issued by a Party (or any of its Associates) for purchase of
      the Goods from Seller.

            

    

     

    
      	
               
      

            	
              2.2

            	
              Where
      such PO is issued by a Party (or by its Associates), the terms and
      conditions of this Contract shall be automatically applicable to the
      PO.

            

    

     

    
      	
               
      

            	
              2.3

            	
              When
      an Associate issues a PO, the reference in this Contract to “Buyer” shall
      mean the Associate for purposes of such PO. The Associate shall have the
      same rights and obligations of the Buyer with respect to any purchases
      that the Associate makes by issuing a
PO.

            

    

     

    
      	
               
      

            	
              2.4

            	
              The
      Associate shall not have the ability to terminate this Contract; however,
      it may terminate any of its PO, provided that the Buyer shall make up any
      cancelled orders within the next monthly
period.

            

    

     

    
      	
              3.

            	
              SAFETY

            

    

     

    
      	
               
      

            	
              3.1

            	
              For
      the purposes of this Clause, “safety” shall mean all matters relating to
      health, safety, security and environment; and all obligations of each Party shall include
      its sub-contractors, suppliers and its and their employees, servants and
      agents.

            

    

     

    
      	
               
      

            	
              3.2

            	
              Seller shall provide to
      Buyer in writing such information as is necessary relating to the storage,
      use, maintenance, and disposal of the Goods, and relating to any risk to
      health and safety to which the inherent properties thereof may give rise
      and to any conditions necessary to ensure that the Goods will be safe and
      without risk to health and safety when they are being installed, used,
      cleaned, maintained, handled, processed, stored, transported, dismantled
      or disposed of.

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              3.3

            	
              Each Party shall comply
      with all applicable laws, regulations, policies, standards, directives and
      codes pertaining to Health, Safety, and Environment
  (HSE).

            

    

     

    
      	
               
      

            	
              3.4

            	
              Both Parties shall
      co-operate fully with each other in achieving the highest possible
      standard of HSE.

            

    

     

    
      	
              4.

            	
              ETHICAL
      BEHAVIOR

            

    

     

    
      	
               
      

            	
              4.1

            	
              The
      Seller is aware that the Buyer’s Business Policy prohibits the giving of
      any bribe or facilitation payment, and the Seller undertakes to comply
      with the Policy.

            

    

     

    
      	
               
      

            	
              4.2

            	
              The
      Seller shall not make or cause to be made any payment, gift of money or
      anything of value, directly or indirectly to any person to influence a
      decision in a manner that is inconsistent with the Policy of conducting
      business fairly and ethically.

            

    

     

    
      	
               
      

            	
              4.3

            	
              The
      Seller undertakes to notify Buyer immediately if it has knowledge of, or
      suspects, a breach of this Article.

            

    

     

    
      	
               
      

            	
              4.4

            	
              Party B undertakes and
      agrees to act consistently with the BP
      Code of Conduct (which may be obtained from the BP Solar’s
      Representative) in connection with performance of this
      Contract.

            

    

     

    
      	
              5.

            	
              AMENDMENT
      AND TERMINATION

            

    

     

    
      	
               
      

            	
              5.1

            	
              This
      Contract may be supplemented, amended, or modified only by the mutual
      agreement of the Parties.

            

    

     

    
      	
               
      

            	
              5.2

            	
              Either
      Party shall have the right to suspend or terminate this Contract by notice
      without any compensation to the other Party if the other Party breaches
      any material and substantive obligation under this Contract and such
      breach shall not have been remedied within 15
      days after the non-breaching Party has given notice of the breach
      to the breaching Party.

            

    

     

    
      	
               
      

            	
              5.3

            	
              In
      the event of the insolvency, dissolution , bankruptcy or cease of business
      for whatsoever reason of a Party, the other Party may without liability to
      the first Party arising there from immediately terminate this Contract and
      all then outstanding Purchase Orders by
notice.

            

    

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	
              6.

            	
              ASSIGNMENT

            

    

     

    
      	
               
      

            	
              6.1

            	
              Seller
      may not sub-contract any part of this Contract or a Purchase Order without
      the prior written consent of Buyer.

            

    

     

    
      	
               
      

            	
              6.2

            	
              Seller
      shall remain responsible for the performance of this Contract or a
      Purchase Order by its sub-contractors notwithstanding the consent of Buyer
      to the subcontracting.

            

    

     

    
      	
               
      

            	
              6.3

            	
              Neither
      Party shall assign this Contract or a Purchase Order in whole or in part
      without the prior written consent of the other Party, except that each
      Party may assign such to it
Associate.

            

    

     

    
      	
              7.

            	
              WAIVER

            

    

     

    The
failure of either Party to require the performance of any terms of this Contract
or the waiver by either Party of any breach of any terms of this Contract shall
not prevent a subsequent enforcement of such terms, nor be deemed a waiver of
any subsequent breach.

     

    Any
waiver shall be in writing signed by the Party providing the
waiver.

     

    
      	
              8.

            	
              SEVERABILITY

            

    

     

    In case
any one or more of the provisions contained in the Contract shall for any reason
be held to be invalid, illegal or unenforceable in any respect, such invalidity,
illegality or unenforceability shall not affect any other provisions hereof and
this Contract shall be construed as if such invalid, illegal or unenforceable
provisions had not been contained herein.

     

    
      	
              9.

            	
              FORCE
      MAJEURE

            

    

     

    
      	
               
      

            	
              9.1

            	
              “Force
      Majeure” means any circumstances not foreseeable to and beyond the
      reasonable control of a Party, including but not limited to imposition of
      any new law, regulation or government policy, nationalization,
      expropriation, confiscation, riot, war, public disturbance, strikes,
      lockouts or any natural disaster such as fire, flood, earthquake and
      storm.

            

    

     

    
      	
               
      

            	
              9.2

            	
              Neither
      Party shall be liable for non-performance of its obligations under the
      Contract to the extent such non-performance is prevented by Force
      Majeure.

            

    

     

    
      	
               
      

            	
              9.3

            	
              The
      affected Party shall notify the other Party as soon as reasonably
      practicable after the occurrence of the Force Majeure event and shall use
      all reasonable efforts to mitigate the effects of the Force Majeure on it.
      The affected Party shall give prompt notice to the other Party when it is
      able to resume performance of its
obligations.

            

    

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              9.4

            	
              If
      a Party is unable to perform an obligation under this Contract due to an
      event of Force Majeure for a period of six months or more, either Party
      may immediately terminate this Contract by notice to the other Party prior
      to the resumption of the performance of the obligation without any claims
      against the other Party arising from such
  termination.

            

    

     

    
      	
              10.

            	
              INDEMNITY

            

    

     

    
      	
               
      

            	
              10.1

            	
              Seller
      shall indemnify and hold Buyer harmless from and against all claims,
      liabilities, damages, losses, costs and expenses (including legal fees)
      pertaining to infringement or alleged infringement of any patent,
      registered design, trade mark, service-mark, copyright or other
      intellectual property rights which arise from the Goods supplied hereunder
      or any use or resale by Buyer of such
Goods.

            

    

     

    
      	
               
      

            	
              10.2

            	
              Each
      party (“the indemnitor”) shall indemnify and hold the other Party (“the
      indemnitee”) harmless from and against all liabilities for death, illness
      or injury to any personnel or for loss or damage to any property and
      against all claims and proceedings resulting there from to the extent that
      such loss, damage, death, illness or injury is attributable to the willful
      misconduct, negligence or breach of contract of the first mentioned Party,
      its employees or agents.

            

    

     

    
      	
              11.

            	
              INTELLECTUAL
      PROPERTY

            

    

     

    
      	
               
      

            	
              11.1

            	
              The
      intellectual property of the design, drawings, and other technical data
      provided by Buyer shall belong to
Buyer.

            

    

     

    
      	
               
      

            	
              11.2

            	
              If
      Seller and Buyer do any joint development work with respect to the Goods,
      Seller and Buyer shall jointly own any inventions, improvements or
      discoveries which they jointly
developed.

            

    

     

    
      	
               
      

            	
              11.3

            	
              Other
      than to the extent necessary for Buyer and its resellers, and its and
      their customers to use, sell and otherwise dispose of the Goods itself,
      Buyer hereby acknowledges that nothing herein contained shall be construed
      as granting or transferring any Seller’s Intellectual Property
      Rights.

            

    

     

    
      	
               
      

            	
              11.4

            	
              Except
      as otherwise expressly set forth herein, nothing contained herein shall be
      construed as granting or transferring any of Buyer’s Intellectual Property
      Rights to Seller, and no transfer or grant of such Intellectual Property
      Rights is to be implied.

            

    

     

    
      	
              12.

            	
              CONFIDENTIALITY

            

    

     

    
      	
               
      

            	
              12.1

            	
              All
      information obtained by a Party (the “Receiving Party”) from the other
      Party (the “Disclosing Party”) in connection with this Contract or the
      supply of Goods under this Contract shall be deemed to be confidential
      information and shall not be used by the Receiving Party except in the
      performance of this Contract and shall not be disclosed by it, its
      employees or agents to any third party without the prior written consent
      of the Disclosing Party.

            

    

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              12.2

            	
              The
      obligations under this Clause shall continue
      five (5)
      years after the expiration or termination of this
      Contract.

            

    

     

    
      	
               
      

            	
              12.3

            	
              The
      provisions of this Clause shall not prevent
      any Party from disclosing the existence of the Contract or any relevant
      matter relating thereto or arising in consequence hereof to any
      Governmental or regulatory body in compliance with any legal obligation to
      which that Party may from time to time be
  subject.

            

    

     

    
      	
               
      

            	
              12.4

            	
              Upon
      the request of the Disclosing Party, all confidential information in the
      possession of the Receiving Party, including all copies and software
      containing it, shall be returned to the Disclosing Party or, as instructed
      by the Disclosing Party, be
destroyed.

            

    

     

    
      	
               
      

            	
              12.5

            	
              Notwithstanding
      the provisions in this Clause, each Party may at any time disclose the
      confidential information to it
Associates.

            

    

     

    
      	
               
      

            	
              12.6

            	
              Neither
      Party shall, without the prior written consent of the other Party, make
      any public or general announcement regarding the Contract or any Purchase
      Order whether orally or in writing.

            

    

     

    
      	
              13.

            	
              TITLE
      AND RISK

            

    

     

    Unless
otherwise mutually agreed in writing, title to the Goods and
risk of loss shall
be governed by and interpreted in accordance with the applicable trade term
(shipping term) as defined in INCOTERMS 2000.

     

    
      	
              14.

            	
              TAXES
      AND DUTIES

            

    

     

    Unless
otherwise stated in the Contract, the obligations and responsibilities for paying customs duties, tariffs,
import taxes, export taxes shall be governed by and interpreted in accordance
with the applicable trade term (shipping term) as defined in INCOTERMS
2000.

     

    
      	
              15.

            	
              USE
      OF TRADEMARK

            

    

     

    Each
Party shall not use the other party’s Logo or Trademark for any purpose without
prior specific permission from the owner of the Logo (or
Trademark).

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

     

    
      	
              16.

            	
              PURCHASING
      PROCESS

            

    

     

    
      	
               
      

            	
              16.1

            	
              Buyer
      may provide regular Purchase Plan to Seller
      based on the actual demand and in accordance with the Shipping Schedule of
      this Contract. The Purchase Plan needs to be confirmed by
      Seller.

            

    

     

    
      	
               
      

            	
              16.2

            	
              Seller
      shall prepare delivery based on the confirmed Purchase
    Plan.

            

    

     

    
      	
               
      

            	
              16.3

            	
              Seller
      shall issue Notice of Delivery (in the format of Proforma Invoice) to
      Buyer before the scheduled shipping
date.

            

    

     

    
      	
               
      

            	
              16.4

            	
              After
      receipt of Seller’s Proforma Invoice, Buyer shall issue Purchase Orders
      (PO) to Seller.

            

    

     

    
      	
               
      

            	
              16.5

            	
              Such
      PO shall indicate the actual Quantity to be delivered, the Port Name of
      Shipping Destination, and the actual required Shipping
    Time.

            

    

     

    
      	
              17.

            	
              PACKING
      AND MARKING:

            

    

     

    
      	
               
      

            	
              17.1

            	
              Goods
      have to be packed in such a manner to prevent damage to the product during
      transportation.

            

    

     

    
      	
               
      

            	
              17.2

            	
              It
      is the Seller’s responsibility to ensure the adequacy of the packing
      used.

            

    

     

    
      	
               
      

            	
              17.3

            	
              All
      individual boxes should be clearly labeled in English
  with:

            

    

     

    
      	
               
      

            	
              a)

            	
              Description
      of the product;

            

    

     

    
      	
               
      

            	
              b)

            	
              PO
      number;

            

    

     

    
      	
               
      

            	
              c)

            	
              Supplier
      name;

            

    

     

    
      	
               
      

            	
              d)

            	
              Quantity
      in each box; and

            

    

     

    
      	
               
      

            	
              e)

            	
              Other
      data that may be required by Buyer.

            

    

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

     

    ATTACHMENT-A

     

    COMMODITY,
QUANTITY, PRICE & SCHEDULE

     

    
      	
              1.

            	
              Materials Provided by
      BP Solar:

            

    

     

    During
the term of this agreement, BP Solar plans to supply the following materials to
RENESOLA in accordance to the following estimated schedule and at the price not
to exceed the following schedule.  RENESOLA agrees to make capacity
available to support the BP Solar forecast.

     

    
      
        
          
            
              
                	
                        Commodity

                      	 
      	
                        Unit Price (not 

                        to exceed)

                      	 
      	
                        Estimated

                        Annual Forecast

                      	 
      	
                        Estimated

                        Shipping Schedule

                      
	
                        Polysilicon

                         

                      	 
      	
                        US$[****]*/kg

                      	 
      	
                        728
      tons / year

                         

                        (for
      2009)

                         

                      	 
      	
                        ·     Q1: 206 MT

                         

                        ·     Q2: 183 MT

                         

                        ·     Q3: 226 MT

                         

                        ·     Q4: 113
    MT

                      

              

            

          

        

      

    

     

    BP Solar
shall have the right to reduce the above quantity at any time if RENESOLA fails
to fulfill its obligations under the Contract.

     

    BP Solar
shall have the right to increase, decrease, suspend or cancel the material
supply as forecasted above without penalty with 30 days prior written
notice.

     

    
      	
              2.

            	
              Wafers Supplied by
      RENESOLA:

            

    

     

    For the
polysilicon provided by BP Solar during the term of this agreement, Renesola
shall supply wafers to BP Solar at pricing not to exceed the following
schedule:

     

    a).
Primary Schedule:

     

    
      
        
          
            
              
                	
                        Wafer Types

                      	 
      	
                        Multiplier Ratio

                      	 
      	
                        Unit Price (US$/pc)

                        (not to exceed)

                      
	
                        Mono125mmx125mm (180um)

                      	 
      	
                        1
      kg: 70 pcs

                      	 
      	
                        [****]*

                      
	
                        Multi156mmx156mm (180um)

                      	 
      	
                        1
      kg: 53 pcs

                      	 
      	
                        [****]*

                      

              

            

          

        

      

    

    

      
        

      
 

    
      
        	
                *

              	
                This portion has been omitted and
      filed separately with the Securities and Exchange Commission pursuant to
      Rule 24b-2 under the Securities Exchange Act of
    1934.

              

      

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    b).Optional
Schedule:

     

    
      
        
          
            
              
                
                  
                    	
                            Wafer Types

                          	 
      	
                            Multiplier Ratio

                          	 
      	
                            Unit Price (US$/pc)

                            (not to exceed)

                          
	
                            Mono125mmx125mm (180um)

                          	 
      	
                            1
      kg:52 pcs

                          	 
      	
                            [****]*

                          
	
                            Mono125mmx125mm (200um)

                          	 
      	
                            1
      kg:52 pcs

                          	 
      	
                            [****]*

                          
	
                            Mono125mmx125mm (200um)

                          	 
      	
                            1
      kg:85 pcs

                          	 
      	
                            [****]*

                          
	
                            Multi156mmx156mm (180um)

                          	 
      	
                            1
      kg:33 pcs

                          	 
      	
                            [****]*

                          
	
                            Multi156mmx156mm (200um)

                          	 
      	
                            1
      kg:33 pcs

                          	 
      	
                            [****]*

                          
	
                            Multi156mmx156mm (200um)

                          	 
      	
                            1
      kg:70 pcs

                          	 
      	
                            [****]*

                          

                  

                

              

            

          

        

      

       

    

    BP Solar
shall have the right to select the Wafer Types and Multiplier Ratios in its Quarterly Purchase
Forecast.  BP Solar reserves the right to change the Quarterly
Purchase Forecast without penalty with 30 days prior written
notice.

     

    The
actual quantity of each Wafer Type will be specified in each PO issued by BP
Solar.

     

    RENESOLA
shall use reasonable endeavors to ensure the most competitive wafer
prices.

     

    Both
parties agree to the prices described in primary schedule above for Q1
2009.

     

    The
Parties shall review and adjust pricing each quarter to ensure that the pricing
applied remains the most competitive in the following quarter. The price
adjustment shall be completed a week prior to the beginning of a new
quarter.

     

    
      	
              3.

            	
              Solar Wafers Lead
      Time:

            

    

     

    Unless
otherwise instructed, for the silicon materials provided by BP Solar according
to the schedule described in article 1 of this attachment-A, RENESOLA shall
supply the solar wafers to BP Solar in accordance with the following
schedule:

     

    
      	
               
      

            	
              a)

            	
              The
      1st delivery
      shall be made within 2 weeks from
      the date after receipt of silicon materials provided by BP
      Solar. 

            

    

     

    All
wafers deliveries shall be completed within 5 weeks from the date
after receipt of silicon materials provided by BP Solar.

     

    
      	
              4.

            	
              Shipping
      Term:

            

    

     

    Both
polysilicon and wafers will be shipped under EXW.

     

    
      

    

      
      
        	
                *

              	
                This portion has been omitted and
      filed separately with the Securities and Exchange Commission pursuant to
      Rule 24b-2 under the Securities Exchange Act of
    1934.

              

      

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    ATTACHMENT-B

     

    SPECIFICATION

     

    
      	
               
      

            	
              1.

            	
              Silicon
      Material Specifications:

            

    

     

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    
      	
              2.

            	
              Wafer
      Specifications:

            

    

     

    
      	
               
      

            	
              a)

            	
              Mono125
      Wafers Specifications:

            

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	
                                                  Product

                                                	
                                                  Monocrystalline
      Silicon Wafer

                                                
	 	 
	
                                                  Conductivity
      Type

                                                	
                                                  P-type

                                                
	 	 
	
                                                  Dopant
      Species

                                                	
                                                  Boron

                                                
	 	 
	
                                                  Base
      Area

                                                	
                                                  125.0mm
      X 125.0mm ±0.5mm

                                                
	 	 
	
                                                  Diameter

                                                	
                                                  150.0mm
      ±0.5 mm

                                                
	 	 
	
                                                  Thickness

                                                	
                                                  180μm±20μm;
      200μm±20μm;

                                                
	 	 
	
                                                  TTV

                                                	
                                                  ≤40μm
      

                                                
	 	 
	
                                                  Crystallinity

                                                	
                                                  Crucible-Pulled(CZ)
      single with no dislocation

                                                
	 	 
	
                                                  Resistivity

                                                	
                                                  0.5-3Ω·cm

                                                
	 	 
	
                                                  Orientation

                                                	
                                                  (100)±1
      degree

                                                
	 	 
	
                                                  Carbon
      concentration

                                                	
                                                  ≤
      5x1017at/cm3

                                                
	 	 
	
                                                  Oxygen
      concentration

                                                	
                                                  ≤
      1x1018at/cm3

                                                
	 	 
	
                                                  Life
      time

                                                	
                                                  >8μs

                                                
	 	 
	
                                                  Edge
      defect/ Chips

                                                	
                                                  Not
      allowed

                                                
	 	 
	
                                                  Saw
      marks

                                                	
                                                  Depth<15
      μm (No visible saw mark with naked eyes)

                                                
	 	 
	
                                                  Crack
      and Pin holes

                                                	
                                                  No
      cracks and Pin holes should be visible with naked eyes.

                                                
	 	 
	
                                                  Wafer
      surface

                                                	
                                                  As
      cut and cleaned. No stains visible with the naked eye

                                                
	 	 
	
                                                  Taper

                                                	
                                                  ≤30
      μm

                                                
	 	 
	
                                                  Bow

                                                	
                                                  ≤50μm

                                                

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    BP Solar
and RENESOLA agree to review and amend the above wafer specifications prior to
the end of the first Quarter of 2009.

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    b
) Multi 156 Wafers Specifications:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	
                                                Product

                                              	
                                                Multicrystalline
      Silicon Wafer

                                              
	 	 
	
                                                Conductivity
      Type

                                              	
                                                P-type

                                              
	 	 
	
                                                Base
      Area

                                              	
                                                156.0mm
      X 156.0mm ±0.5mm

                                              
	 	 
	
                                                Diameter

                                              	
                                                219.2mm
      ±0.5 mm

                                              
	 	 
	
                                                Thickness

                                              	
                                                180μm±20μm;
      200μm±20μm;

                                              
	 	 
	
                                                TTV

                                              	
                                                ≤30μm
      

                                              
	 	 
	
                                                Resistivity

                                              	
                                                0.8-3Ω·cm

                                              
	 	 
	
                                                Dopant
      Species

                                              	
                                                Boron

                                              
	 	 
	
                                                Carbon
      concentration

                                              	
                                                ≤
      9*1017at/cm3

                                              
	 	 
	
                                                Oxygen
      concentration

                                              	
                                                ≤
      8*1017at/cm3

                                              
	 	 
	
                                                Life
      time

                                              	
                                                ≥2μs

                                              
	 	 
	
                                                Wafer
      surface

                                              	
                                                As-cut
      and cleaned. No grease stains and pin holes

                                              
	 	 
	
                                                Warping

                                              	
                                                ≤75μm(Thickness:
      180μm±20μm)

                                              
	
                                                 

                                                ≤50μm(Thickness:
      200μm±20μm)

                                              
	 	 
	
                                                Corner
      Angle

                                              	
                                                90
      ±0.5 degree

                                              
	 	 
	
                                                Edge
      Chips

                                              	
                                                Length≤1.0mm,Depth<0.5mm

                                              
	 	 
	
                                                Edge
      Cracks

                                              	
                                                Not
      allowed

                                              
	 	 
	
                                                Saw
      marks

                                              	
                                                Depth≤20
      μm 

                                              
	 	 
	
                                                Pin
      holes

                                              	
                                                No
      visible Pin holes with naked
eyes.

                                              

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    BP Solar
and RENESOLA agree to review and amend the above wafer specifications prior to
the end of the First Quarter of 2009.

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    ATTACHMENT-C

     

    BP
Associates

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      Country

                                    	 	
                                      Name

                                    	 	
                                      Address

                                    
	
                                      Australia:

                                    	 	
                                      BP
      Solar Pty Limited

                                       

                                    	 	
                                      2
      Australia Avenue

                                      Sydney
      Olympic Park NSW 2127

                                      Australia

                                    
	 	 	 	 	 
	
                                      USA:

                                    	 	
                                      BP
      Solar International, Inc.

                                    	 	
                                      630
      Solarex Court

                                      Frederick,
      MD 21703

                                      USA

                                    
	 	 	 	 	 
	
                                      India

                                    	 	
                                      Tata
      BP Solar India Limited

                                    	 	
                                      78
      Electronic City, Hosur Road,

                                      Bangalore
      – 560 100

                                      India

                                    
	 	 	 	 	 
	
                                      Spain

                                    	 	
                                      BP
      Solar España, S.A.U.

                                    	 	
                                      Polígono
      Industrial  Tres Cantos, Zona Oeste s/n

                                      28760
      Tres Cantos (Madrid)

                                      Spain

                                    
	 	 	 	 	 
	
                                      China

                                    	 	
                                      BP
      Sun Oasis (Prime) Co.,Ltd.

                                    	 	
                                      Plant
      5, The Export & Processing Zone,

                                      Fengcheng
      12Rd.,

                                      Xi’an
      710016 China

                                    
	 	 	 	 	 
	
                                      Hong
      Kong

                                    	 	
                                      Solarex
      Electric Ltd.

                                       

                                    	 	
                                      Flat
      1138,  Block D

                                      Wah
      Lok Ind. Centre,

                                      31
      Shan Mei Street, Fotan, Shatin

                                      Hong
      Kong

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    BP may
add additional parties as BP Associates at its sole discretion through advance
written notice to Party B.

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    ATTACHMENT-D

     

    ReneSola
Associates

     

    
      
        
          
            
              
                
                  
                    	
                            Country

                          	 	
                            Name

                          	 	
                            Address

                          
	
                            China

                          	 	
                            Zhejiang
      Yuhui Solar Energy Source Co., Ltd

                          	 	
                            No.8
      Baoqun Road, Yaozhuang Industrial Park, Jiashan County, Zhejiang Province,
      314117,
PRC

                          

                  

                

              

            

          

        

      

    

     

    ReneSola
may add additional parties as ReneSola's Associates at its sole discretion
through advance written notice to Party A.

    
      
         

      

      
        24Unassociated Document

    WARRANT
AGREEMENT

    

    WARRANT AGREEMENT (“Agreement”), dated as
of July 9, 2009, by and between Suspect Detection Systems Inc., a Delaware
corporation (the “Company”), and NG-The
Northern Group LP (the "Warrantholder").
Certain capitalized terms used herein are defined in Section 15
hereof.

    

    In
consideration of the mutual terms, conditions, representations, warranties and
agreements herein set forth, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
hereby agree as follows:

     

    
      	
              Section
      1.

            	
              Issuance of
      Warrants.

            

    

     

    A.           The
Company hereby issues and grants to Warrantholder Two Million Two Hundred Fifty
Thousand (2,250,000) stock
purchase warrants (hereinafter referred to as “Warrants”).

     

    B.           Each
Warrant shall grant to the holder thereof the right to purchase one (1) share of
common stock of the Company (the “Common
Stock”).  Commencing on the date hereof (the “Warrant Commencement
Date”), and terminating on July 8, 2011 (the “Warrant Expiration
Date”), the holder shall have the right, subject to the satisfaction of
the conditions to exercise set forth in Section 7 of this Agreement, to purchase
one (1) share of Common Stock per each Warrant (the shares of Common Stock
issuable upon exercise of the Warrants being collectively referred to herein as
the “Warrant
Shares”) at an exercise price of $0.15 per Warrant Share (the “Exercise
Price”).  The number of Warrant Shares issuable on exercise of
each Warrant and the Exercise Price are all subject to adjustment pursuant to
Section 8 of this Agreement.

     

    
      	
              Section
      2.

            	
              Form of Warrant
      Certificates.

            

    

     

    Promptly
after the execution and delivery of this Agreement by the parties hereto, the
Company may, in its sole and absolute discretion, cause to be executed and
delivered to Warrantholder one or more certificates evidencing the Warrants (the
“Warrant
Certificates”).  Each Warrant Certificate delivered hereunder
shall be substantially in the form set forth in Exhibit Warrant Form
attached hereto and may have such letters, numbers or other
identification marks and legends, summaries or endorsements printed thereon as
the Company may deem appropriate and that are not inconsistent with the terms of
this Agreement or as may be required by applicable law, rule or
regulation.  Each Warrant Certificate shall be dated the date of
execution by the Company.

     

    
      	
              Section
      3.

            	
              Execution of Warrant
      Certificates.

            

    

     

    Each
Warrant Certificate delivered hereunder shall be signed on behalf of the Company
by at least one of the following: its Chief Executive Officer, President, Vice
President, Secretary or Assistant Secretary.  Each such signature may
be in the form of a facsimile thereof and may be imprinted or otherwise
reproduced on the Warrant Certificates.

     

    If any
officer of the Company who signed any Warrant Certificate ceases to be an
officer of the Company before the Warrant Certificate so signed shall have been
delivered by the Company, such Warrant Certificate nevertheless may be delivered
as though such person had not ceased to be such officer of the
Company.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
              Section
      4.

            	
              Registration of
      Ownership and Transfer.

            

    

     

    Warrant
Certificates shall be issued in registered form only.  The Company
will keep or cause to be kept books for registration of ownership and transfer
of each Warrant Certificate issued pursuant to this Agreement.  Each
Warrant Certificate issued pursuant to this Agreement shall be numbered by the
Company and shall be registered by the Company in the name of the holder thereof
(initially the Warrantholder).  The Company may deem and treat the
registered holder of any Warrant Certificate as the absolute owner thereof
(notwithstanding any notation of ownership or other writing thereon made by
anyone) for the purpose of any exercise thereof and for all other purposes, and
the Company shall not be affected by any notice to the contrary.

     

    
      	
              Section
      5.

            	
              No
      Transfers.

            

    

     

    No
Warrant may be sold, pledged, hypothecated, assigned, conveyed, transferred or
otherwise disposed of without the agreement of the Company, which will not be
unreasonably withheld.

     

    
      	
              Section
      6.

            	
              Mutilated or Missing
      Warrant Certificates.

            

    

     

    If any
Warrant Certificate is mutilated, lost, stolen or destroyed, the Company shall
issue, upon surrender and cancellation of any mutilated Warrant Certificate, or
in lieu of and substitution for any lost, stolen or destroyed Warrant
Certificate, a new Warrant Certificate of like tenor and representing an equal
number of Warrants.  In the case of a lost, stolen or destroyed
Warrant Certificate, a new Warrant Certificate shall be issued by the Company
only upon the Company’s receipt of reasonably satisfactory evidence of such
loss, theft or destruction and, if requested, an indemnity or bond reasonably
satisfactory to the Company.

     

    
      	
              Section
      7.

            	
              Exercise of
      Warrants.

            

    

     

    A.           Exercise.  Subject
to the terms and conditions set forth in this Section 7, Warrants may be
exercised, in whole or in part (but not as to any fractional part of a Warrant),
at any time or from time to time on and after the Warrant Commencement Date and
on or prior to 5:00 p.m., Eastern time, on the Warrant Expiration
Date.

     

    In order
to exercise any Warrant, Warrantholder shall deliver to the Company at its
office referred to in Section 16 the following: (i) a written notice
in the form of the Election to Purchase appearing at the end of the form of
Warrant Certificate attached as Exhibit Warrant
Form hereto of such Warrantholder’s election to exercise the Warrants,
which notice shall specify the number of such Warrantholder’s Warrants being
exercised; (ii) the Warrant Certificate or Warrant Certificates, if any,
evidencing the Warrants being exercised; and (iii) payment of the aggregate
Exercise Price.

     

    All
rights of Warrantholder with respect to any Warrant that has not been exercised,
on or prior to 5:00 p.m., Eastern time, on the Warrant Expiration Date shall
immediately cease and such Warrants shall be automatically cancelled and
void.

     

    B.           Payment of Exercise
Price.  Payment of the Exercise Price with respect to Warrants
being exercised hereunder shall be made by the payment to the Company, in cash,
by check or wire transfer, of an amount equal to the Exercise Price multiplied
by the number of Warrants then being exercised.

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

     

    C.           Payment of
Taxes.  The Company shall be responsible for paying any and all
issue, documentary, stamp or other taxes that may be payable in respect of any
issuance or delivery of Warrant Shares on exercise of a Warrant. Notwithstanding
anything contained herein to the contrary, the Warrantholder shall be
responsible for all taxes that may be due and payable by the Warrantholder as a
result of the issuance of this Warrant to the Warrantholder or as a result of
the issuance of the Warrant Shares upon due exercise hereof.

     

    D.           Delivery of Warrant
Shares.  Upon receipt of the items referred to in Section 7A,
the Company shall, as promptly as practicable, execute and deliver or cause to
be executed and delivered, to or upon the written order of Warrantholder, and in
the name of Warrantholder or Warrantholder’s designee, a stock certificate or
stock certificates representing the number of Warrant Shares to be issued on
exercise of the Warrant(s).  If the Warrant Shares shall in accordance
with the terms thereof have become automatically convertible into shares of the
Company’s Common Stock prior to the time a Warrant is exercised, the Company
shall in lieu of issuing shares of Common Stock, issue to the Warrantholder or
its designee on exercise of such Warrant, a stock certificate or stock
certificates representing the number of shares of Common Stock into which the
Warrant Shares issuable on exercise of such Warrant are
convertible.  The certificates issued to Warrantholder or its designee
shall bear any restrictive legend required under applicable law, rule or
regulation.  The stock certificate or certificates so delivered shall
be registered in the name of Warrantholder or such other name as shall be
designated in said notice.  A Warrant shall be deemed to have been
exercised and such stock certificate or stock certificates shall be deemed to
have been issued, and such holder or any other Person so designated to be named
therein shall be deemed to have become a holder of record of such shares for all
purposes, as of the date that such notice, together with payment of the
aggregate Exercise Price and the Warrant Certificate or Warrant Certificates
evidencing the Warrants to be exercised, is received by the Company as
aforesaid.  If the Warrants evidenced by any Warrant Certificate are
exercised in part, the Company shall, at the time of delivery of the stock
certificates, deliver to the holder thereof a new Warrant Certificate evidencing
the Warrants that were not exercised or surrendered, which shall in all respects
(other than as to the number of Warrants evidenced thereby) be identical to the
Warrant Certificate being exercised.  Any Warrant Certificates
surrendered upon exercise of Warrants shall be canceled by the
Company.

     

    
      	
              Section
      8.

            	
              Adjustment of Number
      of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of
      Exercise Price.

            

    

     

    A.           Adjustment for Stock Splits,
Stock Dividends, Recapitalizations.  The number of Warrant
Shares issuable upon exercise of each Warrant and the Exercise Price shall each
be proportionately adjusted to reflect any stock dividend, stock split, reverse
stock split, recapitalization or the like affecting the number of outstanding
shares of Common Stock that occurs after the date hereof.

     

    B.           Adjustments for
Reorganization, Consolidation, Merger.  If after the date
hereof, the Company (or any other entity, the stock or other securities of which
are at the time receivable on the exercise of the Warrants), consolidates with
or merges into another entity or conveys all or substantially all of its assets
to another entity, then, in each such case, Warrantholder, upon any permitted
exercise of a Warrant (as provided in Section 7), at any time after the
consummation of such reorganization, consolidation, merger or conveyance, shall
be entitled to receive, in lieu of the stock or other securities and property
receivable upon the exercise of the Warrant prior to such consummation, the
stock or other securities or property to which such Warrantholder would have
been entitled upon the consummation of such reorganization, consolidation,
merger or conveyance if such Warrantholder had exercised the Warrant immediately
prior thereto, all subject to further adjustment as provided in this Section
8.  The successor or purchasing entity in any such reorganization,
consolidation, merger or conveyance (if other than the Company) shall duly
execute and deliver to Warrantholder a written acknowledgment of such entity’s
obligations under the Warrants and this Agreement.

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

     

    C.           Notice of Certain
Events.

     

    Upon the
occurrence of any event resulting in an adjustment in the number of Warrant
Shares (or other stock or securities or property) receivable upon the exercise
of the Warrants or the Exercise Price, the Company shall promptly thereafter (i)
compute such adjustment in accordance with the terms of the Warrants, (ii)
prepare a certificate setting forth such adjustment and showing in detail the
facts upon which such adjustment is based, and (iii) mail copies of such
certificate to Warrantholder.

     

    
      	
              Section
      9.

            	
              Reservation of
      Shares.

            

    

     

    The
Company shall at all times reserve and keep available, free from preemptive
rights, out of the aggregate of its authorized but unissued Common Stock, or its
authorized and issued Common Stock held in its treasury, the aggregate number of
the Warrant Shares deliverable upon the exercise of all outstanding Warrants,
for the purpose of enabling it to satisfy any obligation to issue the Warrant
Shares upon the due and punctual exercise of the Warrants, through 5:00 p.m.,
Eastern time, on the Warrant Expiration Date.

     

    
      	
              Section
      10.

            	
              No
      Impairment.

            

    

     

    The
Company shall not, by amendment of its certificate of incorporation or bylaws,
or through reorganization, consolidation, merger, dissolution, issuance or sale
of securities, sale of assets or any other voluntary action, willfully avoid or
seek to avoid the observance or performance of any of the terms of the Warrants
or this Agreement, and shall at all times in good faith assist in the carrying
out of all such terms and in the taking of all such actions as may be necessary
or appropriate in order to protect the rights of Warrantholder under the
Warrants and this Agreement against wrongful impairment.  Without
limiting the generality of the foregoing, the Company:  (i) shall not
set or increase the par value of any Warrant Shares above the amount payable
therefor upon exercise, and (ii) shall take all actions that are necessary or
appropriate in order that the Company may validly and legally issue fully paid
and nonassessable Warrant Shares upon the exercise of the Warrants.

     

    
      	
              Section
      11.

            	
              Representations and
      Warranties of Warrantholder.

            

    

     

    Warrantholder
represents and warrants to the Company that, on the date that the Warrantholder
exercises the Warrant:

     

    A.           Warrantholder
understands that the Warrants and the Warrant Shares have not been registered
under the Securities Act and acknowledges that the Warrants and the Warrant
Shares must be held indefinitely unless they are subsequently registered under
the Securities Act or an exemption from such registration becomes
available.

     

    B.           Warrantholder
is acquiring the Warrants for Warrantholder’s own account for investment and not
with a view to, or for sale in connection with, any distribution
thereof.

     

    C.           Warrantholder
understands that the Warrants and the Warrant Shares are being offered and sold
to him in reliance on an exemption from the registration requirements of United
States federal and state securities laws under Regulation S promulgated under
the Securities Act and that the Company is relying upon the truth and accuracy
of the representations, warranties, agreements, acknowledgments and
understandings of the Warrantholder set forth herein in order to determine the
applicability of such exemptions and the suitability of the Warrantholder to
acquire the Warrants and Warrant Shares.  In this regard,
Warrantholder represents, warrants and agrees that:

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    

    (1)           Warrantholder
is not a U.S. Person (as defined below) and is not an affiliate (as defined in
Rule 501(b) under the Securities Act) of the Company and is not acquiring the
Warrants and Warrant Shares for the account or benefit of a U.S.
Person.  A U.S. Person means any one of the following:

    
      

      (A)           any
natural person resident in the United States of America;

      (B)           any
partnership or corporation organized or incorporated under the laws of the
United States of America;

      (C)           any
estate of which any executor or administrator is a U.S. person;

      (D)           any
trust of which any trustee is a U.S. person;

      (E)           any
agency or branch of a foreign entity located in the United States of
America;

      (F)           any
non-discretionary account or similar account (other than an estate or trust)
held by a dealer or other fiduciary for the benefit or account of a U.S.
person;

      (G)           any
discretionary account or similar account (other than an estate or trust) held by
a dealer or other fiduciary organized, incorporated or (if an individual)
resident in the United States of America; and

      (H)           any
partnership or corporation if:

      (i)
organized or incorporated under the laws of any foreign jurisdiction; and
(ii) formed by
a U.S. person principally for the purpose of investing in securities not
registered under the Securities Act, unless it is organized or incorporated, and
owned, by accredited investors (as defined in Rule
501(a) under the Securities Act) who are not natural persons, estates or
trusts.

    

    

    (2)           At
the time of the origination of contact concerning this Agreement and the date of
the execution and delivery of this Agreement, Warrantholder was outside of the
United States.

    

    (3)           Warrantholder
will not, during the period commencing on the date of issuance of the Warrants
and Warrant Shares and ending on the first anniversary of such date, or such
shorter period as may be permitted by Regulation S or other applicable
securities law (the “Restricted Period”), offer, sell, pledge or otherwise
transfer the Warrants and Warrant Shares in the United States, or to a U.S.
Person for the account or for the benefit of a U.S. Person, or otherwise in a
manner that is not in compliance with Regulation S.

    

    (4)           Warrantholder
will, after expiration of the Restricted Period, offer, sell, pledge or
otherwise transfer the Warrants and Warrant Shares only pursuant to registration
under the Securities Act or an available exemption therefrom and, in accordance
with all applicable state and foreign securities laws and this
Agreement.

    

    (5)           Warrantholder
was not in the United States, engaged in, and prior to the expiration of the
Restricted Period will not engage in, any short selling of or any hedging
transaction with respect to the Warrants and Warrant Shares, including without
limitation, any put, call or other option transaction, option writing or equity
swap.

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    

    (6)           Neither
Warrantholder nor or any person acting on Warrantholder’s behalf has engaged,
nor will engage, in any directed selling efforts to a U.S. Person with respect
to the Warrants and Warrant Shares and the Warrantholder and any person acting
on Warrantholder’s behalf have complied and will comply with the “offering
restrictions” requirements of Regulation S under the Securities
Act.

    

    (7)           The
transactions contemplated by this Agreement have not been pre-arranged with a
buyer located in the United States or with a U.S. Person, and are not part of a
plan or scheme to evade the registration requirements of the Securities
Act.

    

    (8)           Neither
Warrantholder nor any person acting on Warrantholder’s behalf has undertaken or
carried out any activity for the purpose of, or that could reasonably be
expected to have the effect of, conditioning the market in the United States,
its territories or possessions, for any of the Warrants and Warrant
Shares.  Warrantholder agrees not to cause any advertisement of the
Warrants and Warrant Shares to be published in any newspaper or periodical or
posted in any public place and not to issue any circular relating to the
Warrants and Warrant Shares, except such advertisements that include the
statements required by Regulation S under the Securities Act, and only offshore
and not in the U.S. or its territories, and only in compliance with any local
applicable securities laws.

    

    (9)           Each
certificate representing the Warrants and Warrant Shares shall be endorsed with
the following legends, in addition to any other legend required to be placed
thereon by applicable federal or state securities laws:

    

    (A)           “THE
SECURITIES ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED
IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE SECURITIES
ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED
UNDER THE SECURITIES ACT.”

    

    (B)           “TRANSFER
OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO
AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT
BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”

    

    (10)         Warrantholder
consents to the Company making a notation on its records or giving instructions
to any transfer agent of the Company in order to implement the restrictions on
transfer of the Warrants and Warrant Shares set forth in this Section
11.

    

    
      	
              Section
      12.

            	
              No Rights or
      Liabilities as Stockholder.

            

    

     

    No
holder, as such, of any Warrant Certificate shall be entitled to vote, receive
dividends or be deemed the holder of Common Stock which may at any time be
issuable on the exercise of the Warrants represented thereby for any purpose
whatever, nor shall anything contained herein or in any Warrant Certificate be
construed to confer upon the holder of any Warrant Certificate, as such, any of
the rights of a stockholder of the Company or any right to vote for the election
of directors or upon any matter submitted to stockholders at any meeting
thereof, or to give or withhold consent to any corporate action (whether upon
any recapitalization, issuance of stock, reclassification of stock, change of
par value or change of stock to no par value, consolidation, merger, conveyance
or otherwise), or to receive notice of meetings or other actions affecting
stockholders or to receive dividend or subscription rights, or otherwise, until
such Warrant Certificate shall have been exercised in accordance with the
provisions hereof and the receipt and collection of the Exercise Price and any
other amounts payable upon such exercise by the Company.  No provision
hereof, in the absence of affirmative action by Warrantholder to purchase
Warrant Shares shall give rise to any liability of such holder for the Exercise
Price or as a stockholder of the Company, whether such liability is asserted by
the Company or by creditors of the Company.

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

     

    
      	
              Section
      13.

            	
              Fractional
      Interests.

            

    

     

    The
Company shall not be required to issue fractional shares of Common Stock upon
exercise of the Warrants or to distribute certificates that evidence fractional
shares of Common Stock.  If any fraction of a Warrant Share would,
except for the provisions of this Section 13, be issuable on the exercise of a
Warrant, the number of Warrant Shares to be issued by the Company shall be
rounded to the nearest whole number, with one-half or greater being rounded
up.

     

    
      	
              Section
      14.

            	
              Definitions.

            

    

     

    Unless
the context otherwise requires, the terms defined in this Section 14,
whenever used in this Agreement shall have the respective meanings hereinafter
specified and words in the singular or in the plural shall each include the
singular and the plural and the use of any gender shall include all
genders.

     

     “Business Day” shall
mean any day on which banking institutions are generally open for business in
Nevada.

     

    “Common Stock” means
the common stock of the Company.

     

    “Exercise Price” shall
be the price per Warrant Share at which Warrantholder is entitled to purchase
Warrant Shares upon exercise of any Warrant determined in accordance with
Section 7 and  subject to adjustment as provided in Sections 8 and 16
hereof.

     

    “Person” shall mean
any corporation, association, partnership, limited liability company, joint
venture, trust, organization, business, individual, government or political
subdivision thereof or governmental body.

     

    “Securities Act” shall
mean the Securities Act of 1933, as amended, or any similar federal statute as
at the time in effect, and any reference to a particular section of such Act
shall include a reference to the comparable section, if any, of such successor
federal statute.

     

    
      	
              Section
      15.

            	
              Notices.

            

    

     

    All
notices, consents, requests, waivers or other communications required or
permitted under this Agreement (each a “Notice”) shall be in
writing and shall be sufficiently given (a) if hand delivered, (b) if
sent by nationally recognized overnight courier, or (c) if sent by
registered or certified mail, postage prepaid, return receipt requested,
addressed as follows at the address on the signature page hereof of or such
other address as shall be furnished by any of the parties hereto in a
Notice.  Any Notice shall be deemed given upon
receipt.

    
      
         

      

      
        - 7
-

        
          

        

      

      
         

      

    

     

    
      	
              Section
      16.

            	
              Supplements,
      Amendments and Waivers.

            

    

     

    This
Agreement may be supplemented or amended only by a subsequent writing signed by
each of the parties hereto (or their successors or permitted assigns), and any
provision hereof may be waived only by a written instrument signed by the party
charged therewith.

     

    
      	
              Section
      17.

            	
              Successors and
      Assigns.

            

    

     

    Except as
otherwise provided herein, the provisions of this Agreement shall be binding
upon and inure to the benefit of and be enforceable by the successors and
permitted assigns of the parties hereto.  Warrants issued under this
Agreement may be assigned by Warrantholder only to the extent such assignment
satisfies the restrictions on transfer set forth in this Agreement; any
attempted assignment of Warrants in violation of the terms hereof shall be void
ab initio.

     

    
      	
              Section
      18.

            	
              Termination.

            

    

     

    This
Agreement (other than Sections 7C, 11, and Sections 15 through 27,
inclusive, and all related definitions, all of which shall survive such
termination) shall terminate on the earlier of (i) the Warrant Expiration Date
and (ii) the date on which all Warrants have been exercised by the Warrantholder
or redeemed by the Company.

     

    
      	
              Section
      19.

            	
              Governing Law;
      Jurisdiction.

            

    

     

    A.           Governing Law. This
Agreement and each Warrant Certificate issued hereunder shall be governed by and
construed in accordance with the laws of the state of New York and the federal
laws of the United States applicable herein.

     

    B.           Submission to
Jurisdiction.  Each party to this Agreement hereby irrevocably
and unconditionally submits, for itself and its property, to the jurisdiction of
the state of New York, and any appellate court from any thereof, in respect of
actions brought against it as a defendant, in any action, suit or proceeding
arising out of or relating to this Agreement or the Warrant Certificates and
Warrants to be issued pursuant hereto, or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action, suit or proceeding may be
heard and determined in such courts.  Each of the parties hereto
agrees that a final judgment in any such action, suit or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or
in any other manner provided by law.

     

    C.           Venue.  Each
party hereto irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection which it may now or hereafter
have to the laying of venue of any action, suit or proceeding arising out of or
relating to this Agreement, or the Warrant Certificates and Warrants to be
issued pursuant hereto, in any court referred to in this Subsection
B.  Each of the parties hereby irrevocably waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action, suit proceeding in any such court and waives any other right to
which it may be entitled on account of its place of residence or
domicile.

     

    
      	
              Section
      20.

            	
              Third Party
      Beneficiaries.

            

    

     

    Each
party intends that this Agreement shall not benefit or create any right or cause
of action in or on behalf of any Person other than the parties hereto and their
successors and permitted assigns.

    

      
        
           

        

        
          - 8
-

          
            

          

        

        
           

        

      

    

     

    
      	
              Section
      21.

            	
              Headings.

            

    

     

    The
headings in this Agreement are for convenience only and shall not affect the
construction or interpretation of this Agreement.

     

    
      	
              Section
      22.

            	
              Entire
      Agreement.

            

    

     

    This
Agreement, together with the Warrant Certificates and Exhibits, and the
Subscription Agreement, dated of even date herewith, by and between the Company
and the Warrantholder, constitute the entire agreement and understanding between
the parties hereto with respect to the subject matter hereof and shall supersede
any prior agreements and understandings between the parties hereto with respect
to such subject matter.

     

    
      	
              Section
      23.

            	
              Expenses.

            

    

     

    Each of
the parties hereto shall pay its own expenses and costs incurred or to be
incurred in negotiating, closing and carrying out this Agreement and in
consummating the transactions contemplated herein, except as otherwise expressly
provided for herein.

     

    
      	
              Section
      24.

            	
              Neutral
      Construction.

            

    

     

    The
parties to this Agreement agree that this Agreement was negotiated fairly
between them at arm’s length and that the final terms of this Agreement are the
product of the parties’ negotiations.  Each party represents and
warrants that it has sought and received legal counsel of its own choosing with
regard to the contents of this Agreement and the rights and obligations affected
hereby.  The parties agree that this Agreement shall be deemed to have
been jointly and equally drafting by them, and that the provisions of this
Agreement therefore should not be construed against a party or parties on the
grounds that such party or parties drafted or was more responsible for the
drafting of any such provision(s).

     

    
      	
              Section
      25.

            	
              Representations and
      Warranties.

            

    

     

    The
Company hereby represents and warrants to the Warrantholder that:

     

    (a)           the
Company has all requisite corporate power and authority to (i) execute and
deliver this Agreement and (ii) issue and sell the Common Stock upon the
exercise thereof and carry out provisions of this Agreement.  All
corporate action on the part of the Company, its officers, directors and
stockholders necessary for the authorization, execution and delivery of this
Agreement, the performance of all obligations of the Company hereunder, and the
authorization (or reservation for issuance), sale and issuance of the Common
Stock to be sold hereunder has been taken or will be taken prior to the date
hereof;

     

    (b)           this
Agreement constitutes a valid and legally binding obligation of the Company,
enforceable in accordance with its terms, except (i) as limited by applicable
bankruptcy, insolvency, reorganization, moratorium and other laws relating to
application affecting enforcement of creditor’s rights generally and (ii) as
limited by laws relating to the availability of specific performance, injunctive
relief of other equitable remedies;

     

    (c)           the
Common Stock issuable upon the exercise thereof that is being purchased
hereunder, when issued, sold and delivered in accordance with the terms of this
Agreement for the consideration expressed herein, will be duly and validly
issued, fully paid and nonassessable and will be free of restrictions on
transfer, other than restrictions on transfer under applicable state and federal
securities laws; and

    
      
         

      

      
        - 9
-

        
          

        

      

      
         

      

    

     

    (d)           subject
in part to the truth and accuracy of Warrantholder’s representations set forth
in Section 11 of this Agreement, the offer, sale and issuance of the Common
Stock issuable upon the conversion thereof as contemplated by this Agreement are
exempt from the registration requirements of the Securities Act and the
qualification or registration requirements of any state securities or other
applicable blue sky laws.

     

    
      	
              Section
      26.

            	
              Counterparts.

            

    

     

    This
Agreement may be executed in counterparts and by facsimile and each such
counterpart shall for all purposes be deemed to be an original, and all such
counterparts shall together constitute but one and the same
instrument.

    
      
         

      

      
        - 10
-

        
          

        

      

      
         

      

    

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

    

    
      
        	
                SUSPECT
      DETECTION SYSTEMS INC.

              
	 
      	 
      
	
                By:

              	
                /s/ Asher Zwebner

              
	
                Name:
      Asher Zwebner

              
	
                Title:
      CFO and Interim CEO

              

      

    

    

    
      
        	
                NG
      – The Northern Group LP

              
	 
      	 
      
	
                By:

              	
                /s/ Amiram Levin

              
	
                Name:
      Amiram
      Levin

              
	
                Title:
      Chief
      Executive Officer

              

      

    

    
      
         

      

      
        - 11
-

        
          

        

      

      
         

      

    

    EXHIBIT

     

    WARRANT
FORM

     

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY
STATE.  THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT
BE SOLD, ASSIGNED, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE
WITH SUCH ACT AND LAWS.  THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF, AND MAY ONLY BE
TRANSFERRED IN ACCORDANCE WITH, A WARRANT AGREEMENT BETWEEN SUSPECT DETECTION
SYSTEMS INC. AND THE HOLDER OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE COMPANY.

     

    
      
        	
                NO.    

              	
                ________  WARRANTS

              

      

    

     

    FORM
OF

     

    Warrant
Certificate

     

    SUSPECT
DETECTION SYSTEMS INC.

     

    This
Warrant Certificate certifies that __________ (the “Warrantholder”), is
the registered holder of ______ Warrants (the “Warrants”) to
purchase shares (the “Warrant Shares”) of
Common Stock of Suspect Detection Systems Inc. (the “Company”).  Each
Warrant entitles the holder, subject to the satisfaction of the conditions to
exercise set forth in Section 7 of the Warrant Agreement referred to below, to
purchase from the Company one fully paid and nonassessable Warrant Share at any
time or from time to time on and after the date hereof (the “Warrant Commencement
Date”) and terminate on or prior to 5:00 p.m., Eastern time, on May __,
2011 (the “Warrant
Expiration Date”) at the Exercise Price set forth in the Warrant
Agreement.  The number of Warrant Shares for which each Warrant is
exercisable and the Exercise Price are subject to adjustment as provided in the
Warrant Agreement.

     

    The
Warrants evidenced by this Warrant Certificate are part of a duly
authorized issue of Warrants to purchase Warrant Shares and are issued pursuant
to a Warrant Agreement, dated as of May _, 2009 (the “Warrant Agreement”),
between the Company and NG-The Northern Group LP, which Warrant Agreement is
hereby incorporated by reference in and made a part of this instrument and is
hereby referred to for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Company and
Warrantholder.

     

    Warrantholder
may exercise vested Warrants by surrendering this Warrant Certificate, with the
Election to Purchase attached hereto properly completed and executed, together
with payment of the aggregate Exercise Price, at the offices of the Company
specified in Section 15 of the Warrant Agreement.  If upon any
exercise of Warrants evidenced hereby the number of Warrants exercised shall be
less than the total number of Warrants evidenced hereby, there shall be issued
to the holder hereof or its assignee a new Warrant Certificate evidencing
the number of Warrants not exercised.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    This
Warrant Certificate, when surrendered at the offices of the Company specified in
Section 15 of the Warrant Agreement, by the registered holder thereof in person,
by legal representative or by attorney duly authorized in writing, may be
exchanged, in the manner and subject to the limitations provided in the Warrant
Agreement, for one or more other Warrant Certificates of like tenor evidencing
in the aggregate a like number of Warrants.

     

    The
Company may deem and treat the registered holder hereof as the absolute owner of
this Warrant Certificate (notwithstanding any notation of ownership or other
writing hereon made by anyone), for the purpose of any exercise hereof and for
all other purposes, and the Company shall not be affected by any notice to the
contrary.

     

    WITNESS
the signatures of the duly authorized officers of the Company.

     

    Dated:  _________________

     

    
      
        
          
            
              
                	
                        SUSPECT
      DETECTION SYSTEMS INC.

                      
	 	 	 
	 
      	
                        By:

                      	
                             

                      
	 
      	
                        Name:

                      
	 
      	
                        Title:

                      

              

            

          

        

      

    

    
      
         

      

      
        1-ii

        
          

        

      

      
         

      

    

    FORM
OF

     

    Election to
Purchase

     

    
      The
undersigned hereby irrevocably elects to exercise _________ of the Warrants
evidenced by the attached Warrant Certificate to purchase Warrant Shares, and
herewith tenders (or is concurrently tendering) payment for such Warrant Shares
in an amount determined in accordance with the terms of the Warrant
Agreement.  The undersigned requests that a certificate representing
such Warrant Shares be registered in the name of                           ,
whose address is                            
and that such certificate be delivered to                        ,
whose address is                        .  If
said number of Warrants is less than the number of Warrants evidenced by the
Warrant Certificate (as calculated pursuant to the Warrant Agreement), the
undersigned requests that a new Warrant Certificate evidencing the number of
Warrants evidenced by this Warrant Certificate that are not being exercised be
registered in the name of                     ,
whose address is                            
and that such Warrant Certificate be delivered to                        ,
whose address is                    .

       

      
        
          
            
              
                
                  
                    
                      
                        	
                                Dated:

                              	
                                __________________,_________

                              
	 
      	 
      
	
                                Name
      of holder of Warrant Certificate:

                              
	 
      	 
      
	 
	 
	 
      
	
                                (Please
      Print)

                              
	 
      	 
      
	
                                Address:

                              	
                                     

                              
	 
      	 
      
	 
      	
                                     

                              

                      

                    

                  

                

              

            

          

        

      

      

      
        
          	
                  Federal
      Tax ID No.:

                	
                     

                

        

      

      

      
        
          	
                  Signature:

                	
                        

                

        

      

    

    

    
      	
               
      

            	
              Note:

            	
              The
      above signature must correspond with the name as written in the first
      sentence of the attached Warrant Certificate in every particular, without
      alteration or enlargement or any change whatever, and if the certificate
      evidencing the Warrant Shares or any Warrant Certificate representing
      Warrants not exercised is to be registered in a name other than that in
      which this Warrant Certificate is registered, the signature above must be
      guaranteed.

            

    

    

    Dated:                           ,
               

    
      
         

      

      
        - 14
-

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