Document:

EX-4.1

EXHIBIT 4.1

FORM OF
DIRECTOR INDEMNITY AGREEMENT

This Agreement is made as of 10 May 2009 between:

Canadian Solar Inc. (“Corporation”),

a corporation existing under the laws of Canada,

and

l (“Director”),

a director of the Corporation

WHEREAS, as a condition of his agreeing to act or continue to act as a director of the Corporation,
the Director has requested the Corporation, and the Corporation has agreed, to indemnify the
Director, to the fullest extent permitted by law, against certain liabilities that the Director may
incur in connection with the Director’s acting or continuing to act as a director of the
Corporation.

NOW THEREFORE, for good and valuable consideration, the parties agree as follows:

SECTION 1 — INTERPRETATION

	1.1	 	Definitions. As used herein, the following terms shall have the following meanings:

	 	 	“Agreement” means this Director Indemnity Agreement, as amended or supplemented from time to
time.
	 
	 	 	“Corporation” has the meaning given to it in the preamble.
	 
	 	 	“Court” means the Ontario Superior Court of Justice.
	 
	 	 	“Director” has the meaning given to it in the preamble.
	 
	 	 	“including” means “including without limitation”.
	 
	 	 	“Policy” means a policy of insurance maintained by the Corporation that provides the
directors of the Corporation with coverage for losses from wrongful acts and/or ensures the
performance by the Corporation of its indemnification obligations under this Agreement and
similar agreements with other directors and/or officers of the Corporation.

	1.2	 	Rules of Interpretation. The following rules of interpretation apply to this
Agreement:

	 	(a)	 	the singular includes the plural and conversely;
	 
	 	(b)	 	a gender includes all genders;
	 
	 	(c)	 	where a word or phrase is defined, its other grammatical forms have a
corresponding meaning;
	 
	 	(d)	 	a reference to an Article or Section is to an article or section of this
Agreement;

 

 

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	 	(e)	 	the headings contained in this Agreement are for convenience of reference only
and do not modify or affect in any way the meaning or interpretation of this Agreement;
and
	 
	 	(f)	 	time is of the essence.

	1.3	 	Governing Law.

     This Agreement shall be governed by, and construed and enforced in accordance with, the laws
of the Province of Ontario and the laws of Canada applicable therein without giving effect to any
choice of law or conflicting provision or rule that would cause the laws of any jurisdiction to be
applied other than the laws of the Province of Ontario and the laws of Canada applicable therein.

SECTION 2 — INDEMNIFICATION

2.1     Indemnity. The Corporation shall indemnify and save harmless the Director, to the
fullest extent permitted by law, against all liability, loss, harm, damage, cost or expense,
including legal fees and expenses and amounts paid to settle a claim or action or satisfy a
judgment or fine, reasonably incurred by the Director in respect of any threatened, pending,
ongoing or completed claim or civil, criminal, administrative, investigative or other action or
proceeding, formal or informal, made or commenced (whether by a third party or by the Corporation
or a third party on behalf of the Corporation) against the Director or in which the Director is or
was involved by reason of:

	 	(a)	 	the fact that the Director is or was a director of the Corporation; or
	 
	 	(b)	 	any action or inaction on the part of the Director while he is or was a
director of the Corporation.

2.2     Tax Gross-Up. If the Director is required by law to pay any tax on account of the
receipt by him of any amount under this Agreement, the Corporation shall increase the amount
payable to the Director so that the amount received by the Director, after the deduction of all
applicable taxes, is equal to the amount that the Director would have received under this agreement
had such tax not been payable. The Director agrees to take all reasonable steps to minimize the
amount of such taxes.

	2.3	 	Limitation.

	(1)	 	Limitation. The Corporation shall not obligated to indemnify the Director under Section 2.1
unless:

	 	(a)	 	the Director acted honestly and in good faith with a view to the best interests
of the Corporation; and
	 
	 	(b)	 	in the case of a criminal or administrative action or proceeding that is
enforced by a monetary penalty, the Director did not have reasonable grounds for
believing that his conduct was lawful.

 

 

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(2)     No Presumption. The termination of any action or proceeding referred to in Section 2.1 by
judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent,
shall not, in and of itself, create a presumption that:

	 	(a)	 	the Director did not act honestly and in good faith with a view to the best
interests of the Corporation; or
	 
	 	(b)	 	in the case of a criminal or administrative action or proceeding that is
enforced by a monetary penalty, the Director had reasonable grounds for believing that
his conduct was lawful.

	2.4	 	Payment.

(1)     Payment of Indemnity Claim. Within 10 days after receipt by it of a claim for indemnification
under Section 2.1, accompanied by reasonable evidence of the amount of the claim, the Corporation
shall pay or cause to be paid to the Director the amount of the claim, unless the claim is not
permitted by applicable law or requires Court approval.

(2)     Notice of Denial. If the Corporation believes that payment of a claim for indemnification
under Section 2.1 is not permitted by law or requires Court approval, the Corporation shall so
advise the Director in writing within the notice period referred to in Section 2.3(1).

2.5     Determination of Right of Indemnification. If the Corporation contests the Director’s
right to indemnification under Section 2.1, the determination of the Director’s right to
indemnification shall be made by the Court and:

	 	(a)	 	the burden of proving that the Director did not meet the standards set out in
Section 2.2 shall be on the Corporation; and
	 
	 	(b)	 	neither the determination by the Corporation, nor failure of the Corporation to
determine, that the Director is not entitled to indemnification because he did not meet
the standards set out in Section 2.2 shall create a presumption that the Director did
or did not meet such standards.

2.6     Scope; Change in Applicable Law. The Corporation agrees to indemnify the Director to
the fullest extent permitted by applicable law, notwithstanding that such indemnification is not
specifically authorized by the articles or by-laws of the Corporation or by statute. Any change in
applicable law, whether by statute or judicial decision, after the date of this Agreement that
narrows the right of the Corporation to indemnify its directors shall not decrease the scope of the
indemnity provided to the Director under this Agreement, unless otherwise required by such
applicable law. Any change in applicable law, whether by statute or judicial decision, after the
date of this Agreement that expands the right of the Corporation to indemnify its directors shall
increase the scope of the indemnity provided to the Director under this Agreement.

 

 

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SECTION 3 — ADVANCEMENT OF EXPENSES

3.1     Advances. The Corporation agrees to advance to the Director from time to time
sufficient moneys to enable the Director to pay all expenses reasonably incurred by him in
connection with the investigation, defence, settlement, judgment or appeal of, or his involvement
in, any claim, action or proceeding referred to in Section 2.1. The Corporation agrees to make
such advances without regard to the Director’s ability to repay such advances and without regard to
the Director’s ultimate entitlement to indemnification under this Agreement.

3.2     Payment. Within 10 days after receipt by it of a request for moneys under Section 3.1,
accompanied by reasonable evidence of the amount of the expenses incurred by the Director, the
Corporation shall pay or cause to be paid to the Director the moneys requested.

3.3     Repayment. The Director agrees to repay to the Corporation the moneys advanced to him
by the Corporation pursuant to Section 3.2 if and to the extent that it is ultimately determined by
final judicial decision from which there is no further right of appeal that the Director is not
entitled to be indemnified therefor by the Corporation. Any obligation of the Director to repay
the moneys advanced to him by the Corporation shall be unsecured and no interest shall be charged
thereon.

SECTION 4 — DERIVATIVE ACTION

          If the Corporation or a third party on behalf of the Corporation commences an action to
procure a judgment in favour of the Corporation to which the Director is made a party by reason of:

	 	(a)	 	the fact that the Director is or was a director of the Corporation; or
	 
	 	(b)	 	any action or inaction on the part of the Director while he is or was a
director of the Corporation,

the Corporation shall, at the Director’s request, make application to the Court for approval of the
Court to indemnify the Director under Article 2 and to advance moneys to the Director under Article
3.

SECTION 5 — PROCEDURE

	5.1	 	Notice to Corporation.

(1)     Giving Notice. The Director shall give notice to the Corporation as soon as practicable, and
in any event not later than 10 days, after the Director receives notice of any claim against the
Director or any action or proceeding involving the Director that may give rise to a claim for
indemnification from the Director under this Agreement. A copy of any documents which have been
served upon the Director shall accompany such notice or, where this is not feasible, be delivered
to the Corporation as soon as practicable thereafter.

(2)     Failure of Delay in Giving Notice. The failure of the Director to give notice to the
Corporation in accordance with section 5.1(1) shall not relieve the Corporation of its obligations
to the Director under this Agreement unless, and then only to the extent that, the Corporation is
materially damaged or prejudiced as a result of such failure.

 

 

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	5.2	 	Notice to Insurers.

(1) Giving Notice. The Corporation shall give notice to the insurers under the Policies as soon as
practicable, and in any event within the time limits specified under the Policies, after it
receives notice from the Director or otherwise becomes aware of any claim against the Director or
any action or proceeding involving the Director that may give rise to a claim for indemnification
from the Director under this Agreement and a claim for payment under the Policies.

(2) Enforcement of Policies. The Corporation shall take such action as is necessary or desirable
to cause the insurers under the Policies to pay, on behalf of the Director, in accordance with the
Policies, all amounts payable as a result of such claim, action or proceeding.

	5.3	 	Control of Claim, Action or Proceeding.

(1)     Assumption of Control by Corporation. Subject to the rights of the insurers under the
Policies, the Corporation shall have the right, at its own expense, to assume control of any claim
against the Director or any action or proceeding involving the Director, including employing legal
counsel reasonably satisfactory to the Director, by giving notice to the Director of its intention
to do so.

(2)     Cooperation. If the Corporation exercises its right under Section 5.3(1), the Director shall
cooperate with the Corporation and make available to it all information under his control that is
relevant to the claim, action or proceeding and the Corporation shall keep the Director informed on
an ongoing basis of the progress of the claim, action or proceeding. If the Corporation does not
exercise its right under Section 5.3(1), the Corporation shall cooperate with the Director and make
available to him all information under its control that is relevant to the claim, action or
proceeding and the Director shall keep the Corporation informed on an ongoing basis of the progress
of the claim, action or proceeding.

	 
	(3)	 	Director Retaining Own Counsel. If the Corporation exercises its right under Section 5.3(1),
the Director may:

	 	(a)	 	at his own expense, employ legal counsel of his choosing to participate in any
claim, action or proceeding in addition to legal counsel employed by the Corporation;
and
	 
	 	(b)	 	at the expense of the Corporation, employ legal counsel of his own choosing to
participate in any claim, action or proceeding in addition to legal counsel employed by
the Corporation if:

	 	(i)	 	the employment of such legal counsel has been approved by the
Corporation;
	 
	 	(ii)	 	the Director has reasonably concluded that there may be a
conflict of interest between the Corporation and the Director in respect of the
claim, action or proceeding; or

 

 

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	 	(iii)	 	the Director has reasonably concluded that the Corporation has
not assumed control of, or is not diligently dealing with, the claim, action or
proceeding.

If the Director employs legal counsel of his own choosing, the Corporation and its legal counsel
shall cooperate with the Director and his legal counsel in dealing with the claim, action or
proceeding, including making documents, witnesses and other information relating to the claim,
action or proceeding available to the Director and his legal counsel and entering into joint
defence and confidentiality agreements, as appropriate.

	(4)	 	Settlement. If the Corporation exercises its right under Section 5.3(1),

	 	(a)	 	the Director shall not enter into any settlement, or consent to the entry of
any judgment, with respect to the claim, action or proceeding without the prior written
consent of the Corporation; and
	 
	 	(b)	 	the Corporation shall not enter into any settlement, or consent to the entry of
any judgment, with respect to the claim, action or proceeding that would impose any
penalty, financial obligation or limitation on the Director, other than a monetary
obligation for which the Director is fully indemnified under this Agreement, without
the prior written consent of the Director,

which consent of the Director or the Corporation, as the case may be, shall not be unreasonably
withheld or delayed.

SECTION 6 — GENERAL

6.1     Effectiveness of Agreement. This Agreement shall be effective on the date above
written and shall apply to all acts or omissions of the Director occurring on, before or after such
date.

6.2     Notice. All notices or other communications required or permitted by this Agreement
shall be effective upon receipt and shall be in writing and shall be delivered personally or by
courier or sent by facsimile addressed as follows:

	 	(a)	 	in the case of the Corporation:
	 
	 	 	 	Canadian Solar Inc.

675 Cochrane Drive

East Tower, 6th Floor

Markham, ON Canada L3R 0B8
	 
	 	 	 	Facsimile: +1 905 530 2001
	 
	 	 	 	with a copy to:
	 
	 	 	 	Canadian Solar Inc.

199 Lushan Road

Suzhou New District

Jiangsu, China 215129
	 
	 	 	 	Facsimile: +86 512 6690 8095

 

 

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	 	(b)	 	in the case of the Director:
	 
	 	 	 	l
	 
	 	 	 	Facsimile: +l

6.3     Insurance. The Director shall be entitled to coverage under all Policies maintained by
the Corporation on the same basis as the other directors of the Corporation.

6.4     Continuation of Indemnity. The indemnification provided to the Director under this
Agreement shall continue after the Director ceases to serve as a director of the Corporation.

6.5     Amendment; Waiver. This Agreement may not be amended except by a written agreement
signed by the parties hereto. No waiver of any of the provisions of this Agreement shall
constitute a waiver of any other provisions of this Agreement or constitute a continuing waiver.
Any waiver of any of the provisions of this Agreement must be in writing and signed by the
Corporation or the Director, as applicable. A party’s failure to enforce any of the provisions of
this Agreement shall not constitute a waiver of such provision or prevent the party from thereafter
enforcing such provision or any of the other provisions of the Agreement.

6.6     Binding Effect. This Agreement shall be binding upon the Corporation and its
successors and assigns and enure to the benefit of the Director and his heirs, executors,
successors and personal representatives.

6.7     Severability. The invalidity or unenforceability of any part of this Agreement shall
not affect the validity or enforceability of any other part of this Agreement.

6.8     Not Exhaustive. This Agreement shall not operate to abridge or exclude any other rights
to which the Director may be entitled in connection with his acting as a director of the
Corporation, at law or in equity, under the articles or by-laws of the Corporation or pursuant to
any vote of the shareholders or disinterested directors of the Corporation, or otherwise.

6.9     Consent to Jurisdiction. All actions and proceedings arising in any manner out of or
from this Agreement or to interpret the provisions of this Agreement shall be brought only in the
courts of the Province of Ontario. Each of the Corporation and the Director irrevocably:

	 	(a)	 	consents and submits to the jurisdiction of the courts of the Province of
Ontario for the purposes of any such action or proceeding;
	 
	 	(b)	 	waives any objection that it or he may have, now or hereafter, to having any
such action or proceeding take place in the courts of the Province of Ontario; and
	 
	 	(c)	 	waives any claim that the courts of the Province of Ontario are not a
convenient forum for any such action or proceeding.

 

 

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The foregoing consents to jurisdiction shall not constitute general consents to service of process
in the Province of Ontario and shall not confer any rights on any person other than the parties.

6.10     Counterparts; Facsimile and Electronic Signatures. This Agreement may be executed in
one or more counterparts, each of which shall constitute an original. This Agreement may be
transmitted by facsimile or electronically, and it is the intent of the parties that the facsimile
or electronic copy of any signature printed by the receiving facsimile machine or computer printer
shall be considered an original signature and shall have the same force and effect as an original
signature.

The parties have executed this Agreement.

	 	 	 	 	 
	 	CANADIAN SOLAR INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Shawn Qu 	 
	 	 	Title:  	Chairman, President and
Chief Executive Officer 	 
	 
	Signed in the presence of:

Arthur Chien	 	 	 	 
	 
 

 

Signature of Witness	 	
 
 
 

lEX-4.2

EXHIBIT 4.2

[Translation]

CSI04-09-P0018

 

Supplementary Agreement

To CSI-LDK071012 Contract

CSI04-09-P0018

Party A: CSI Cells Co., Ltd

Address: No.199 Lushan Road, Suzhou New District, Jiangsu Province

Party B:
Jiangxi LDK Solar Hi-Tech Co., Ltd.

Address: Xinyu Economic Development Zone, Jiangxi Province

     Considering the direct impact upon the industry by the current global financial crisis, Party
A and Party B, abiding by the principles of “mutual understanding, cooperation to cope with” and
after friendly negotiations, hereby enter into this supplementary agreement with respect to the
No.CSI-LDK071012 Wafer Supply Agreement and the relevant supplementary agreements already
signed and being performed:

	1.	 	Party A confirms to continue to purchase silicon wafers from
Party B in the quantity of [****]*MW
for 2009 as set forth under the above contract. Party B agrees to supply goods to Party A in
the abovementioned quantity. Specific monthly supply plan is to be agreed by Party A and Party
B depending on their realities and annexed to this Agreement.
	 
	2.	 	According to the current situation of solar market, both parties agree that the prices of the
silicon wafers of various specifications supplied by Party B to Party A in the first half of
2009 are temporarily as below:

	 	 	 	 
	 
	125*125 monocrystalline wafer	 	RMB[****]*/pc (tax inclusive),
	 
	agreed calculated power, 2.35W/pc	 	 
	 
	 	 	 
	 
	156*156 multicrystalline wafer	 	RMB [****]*/pc (tax inclusive), or
USD [****]*/pc,
	 
	agreed calculation power, 3.75W/pc	 	 

	3.	 	Party A and Party B agree that the unperformed portion of the LDK08335 Contract between both
parties will not be performed again and in principle, the remaining portion of the payment for
goods already made by Party A to Party B (USD [****]*) is used as the down payment for the
purchase by Party A of not less than [****]*MW silicon wafers in the first half of 2009. Party B
agrees to, in principle, deduct USD 1 per piece from payment for goods payable by Party A when
Party A purchases silicon wafers from Party B in the first half of 2009 until the above down
payment is deducted up. For RMB contract, if Party A has made full payment, Party B shall
refund corresponding USD amount; for USD contract, direct deduction shall be made. Specific
deduction method is to be agreed according to the type of goods delivered and delivery plan
between both parties.

 

 

			
	
    * 		This portion of the Supplementary Agreement
To CSI-LDK071012 Contract has been omitted and filed separately with
the Securities and Exchange Commission, pursuant to Rule 24b-2.
    

1

 

	4.	 	Party A and Party B agree that the RMB [****]* down payment already made by Party A
under the CSI-LDK071012 Contract in 2008 will be converted into Party A’s down payment for
2009. Party B will deduct it from the payment for goods payable by Party A in the last month
of the second half of 2009. Specific purchase price will be determined by both parties before
the end of June 2009.
	 
	5.	 	Party A and Party B agree that the supply for 2010 under the CSI-LDK071012 Contract will be
merged with the CSIS-LDK2008-6-3 Contract between both parties. Both parties will further
negotiate about supply price and other contract amendments based on the market conditions and
endeavor to ensure that they are determined in 2009.
	 
	6.	 	Upon signing of this Agreement, in case of any discrepancy between this Agreement and other
prior supplementary agreements to CSI-LDK071012 Contract, this Agreement shall prevail. After
the signing of this Agreement, Party A will pay the RMB amount for goods previously owed to
Party B and the amount of silicon materials already paid, in a total of RMB
[****]*, before the end
of February 2009.

	 	 	 
	Party A: CSI Cells Co., Ltd.

	 	Party B: Jiangxi LDK Solar Hi-Tech Co., Ltd.
	Signature: /s/

	 	Signature: /s/
	(with common seal of CSI Cells Co., Ltd)

	 	(with common seal of Jiangxi LDK
Solar Hi-Tech Co., Ltd.)
	February 14, 2009

	 	February 14, 2009

 

 

			
	
    * 		This portion of the Supplementary Agreement
To CSI-LDK071012 Contract has been omitted and filed separately with
the Securities and Exchange Commission, pursuant to Rule 24b-2.
    

2

 

[Translation]

Wafer Supply Agreement

CSI-LDK071012

Party A: CSI Cells Co., Ltd

Address: No.199 Lushan Road, Suzhou New District, Jiangsu Province

Party B:
Jiangxi LDK Solar Hi-Tech Co., Ltd.

Address: Xinyu High-tech Development Zone, Jiangxi Province

     In accordance with the Contract Law of the People’s Republic of China and other relevant laws
and regulations, Party A and Party B, on the basis of equality, free will and mutual benefit and
after adequate negotiations, hereby enter into this Agreement with respect to Party B’s supplying
of multi-crystalline wafer products to Party A (Subject Matter), upon the terms and subject to the
conditions as set forth below:

Article 1 Supply of Products

     Party B agrees to supply Grade A multi-crystalline wafer products in a specification of
156*156 ±0.5mm and in a thickness of 220mm ±20mm (hereinafter referred to “Products”) to Party A
pursuant to the provisions of this Agreement. Specific quantity is determined as per the relevant
provisions of this Agreement. (Note: In addition to the provisions of this Agreement, the product
quality standard, specification, technical parameters, etc. also include the Grade A product
standard provided by Party B to any third party and the Grade A product standard released by Party
B).

Article 2 Specification and Quality Standard

Conduction type: P;     resistivity: 0.5W-3W/cm; life time: 32ms;

Specification: 156*156 ±0.5mm square, 1*1 chamfer angle

Oxygen content: £1*10-18/cm3; carbon content: £5*10-18/cm3

Thickness: 220 ±30mm; TTV: £50mm

BOW: £30mm; saw mark: £10mm

Broker corner: length£1mm; depth£1mm; not more than two per piece

			
	Wafer Supply
Agreement CSI-LDK071012
	 	Page 1 of 5

 

Article 3 Supply Quantity and Price

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Time/	 	 
	 	 	unit price	 	Quantity (Million pieces\MW)
	1

	 	 	2008	 	 	Q1
	 	Q2
	 	Q3
	 	Q4
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	3.38Mpcs\12.5MW
	 	3.38Mpcs\12.5MW
	 	3.38Mpcs\12.5MW
	 	3.38Mpcs\12.5MW
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Price (RMB¥/pc)
	 	[****]*
	 	[****]*
	 	[****]*
	 	[****]*
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2

	 	 	2009	 	 	[****]*
	 	[****]*
	 	[****]*
	 	[****]*
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Price (RMB¥/pc)
	 	[****]*
	 	[****]*
	 	[****]*
	 	[****]*
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2010	 	 	[****]*
	 	[****]*
	 	[****]*
	 	[****]*
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3

	 	Price (RMB¥/pc)
	 	[****]*
	 	[****]*
	 	[****]*
	 	[****]*

Article 4 Down Payment

	1.	 	Party A shall make an annual down payment to Party B at 5% of the total contract amount of
next year. Party B agrees that for Party A’s down payment for 2008, 50% is to be paid before
December 31, 2007 and 50% is to be paid before the end of March 2008. Later on, down payment
shall be fully paid before the end of December of each year. The down payments for three years
are: 2008: RMB [****]*; 2009: RMB [****]*; 2010: RMB [****]*.

	2.	 	Within the term of this Agreement, annual down payment is automatically transferred to next
year per annum. Party A shall make up the deficit in the payable year. Annual down payment
will offset the payment for goods in the last delivery month prior to the expiry of this
Agreement. Within the term of this Agreement, if Party A breaches this Agreement by means of
stopping to demand the goods, down payment will not be refunded; if Party B breaches this
Agreement by means of stopping to supply the goods, Party B shall compensate Party A in a
amount twice the down payment.

	3.	 	Within the term of this Agreement, the pricing for the above respective years is based on the
USD/RMB exchange rate of not lower than 6.89. If the USD/RMB exchange
rate is lower than 6.89 and the
duration continues for more than one month, Party A and Party B shall re-negotiate about
product price and reference exchange rate.

 

 

			
	
    * 		This portion of the Wafer Supply Agreement
has been omitted and filed separately with the Securities and
Exchange Commission, pursuant to Rule 24b-2.
    

			
	Wafer Supply
Agreement CSI-LDK071012
	 	Page 2 of 5

 

	4.	 	Party B may provide the silicon wafers in a thickness of less
than 220μm. If Party A accepts
the change of ordering specification, Party B agrees to grant an appropriate downward
adjustment on the basis of the price specified herein.

Article 5 Supply and Payment Procedures

	1.	 	Party B shall deliver the supply list for next month to Party A between the 15th
day and the 20th day of each month, indicating quantity of delivery, quality,
specifications and delivery period. Within one week after receiving Party B’s notice, Party A
shall prepay to Party B the full amount of goods to be supplied next month.

	2.	 	Within 3 working days after receiving the supply list from Party B, Party A shall give a
written confirmation. The order finally determined by both parties in writing shall serve as
the final basis for product supply of the current period. Upon confirmation, neither party may
change it. Otherwise, the party who makes the changes shall bear the corresponding defaulting
liability.

	3.	 	If Party B delivers goods across quarters, Party A shall, in addition to the right to make
settlement at the price of the quarter of actual delivery, be entitled to impose a fine on
Party B at 1% of the amount of delayed goods. If Party A fails to demand goods on time, Party
B shall, in addition to the right to collect payment at the original price, be entitled to
impose a fine on Party A at 1% of the amount of delayed goods.

	4.	 	Method of supply: goods are delivered to the place designated by Party A (limited to: Suzhou,
Changshu, Shanghai, Xinyu).

Article 6 Acceptance and Objection

     Party A shall perform acceptance inspections on the day when it receives products. If Party A
has any objection to product quality, it shall notify Party B of its objection within 90 days of
receiving products; if no objection is raised within such 90-day period, Party A shall be deemed
having no objection, unless the quality defects indeed cannot be identified within this period.

			
	Wafer Supply
Agreement CSI-LDK071012
	 	Page 3 of 5

 

Article 7 Party A’s Supply Obligation

     Party
A agrees to supply [****]* tons of appropriate silicon materials to Party B at a
preferential market price within 2 years, i.e. 2008: [****]* tons;
2009: [****]* tons. Party B shall make
100% payment for goods after it receives and signs the sales contract from Party A.

Article 8 Defaulting Liability

     If either party breaches the provisions of this Agreement, it shall bear the corresponding
defaulting liability. If the quality of products supplied by Party B is not as agreed by both
parties, Party A is entitled to return the products within 90 days and Party B shall make
replacements immediately upon receipt of returned products.

Article 8 Both parties agree that Party A is entitled to demand the refund of down payment if:

	1)	 	Party B fails to supply goods complying with quality requirements on time;

	2)	 	Party B suspends production for a long period of time (more than 3 months), becomes bankrupt
or has any of other material incidents;

	3)	 	there are material changes to Party B’s equity structure or the equity structure of Party B’s
principal shareholder, causing this Agreement unable to be performed (note: Party B bears the
obligation to serve notices);

	4)	 	Party B fails to perform its obligations pursuant to the provisions of this Agreement.

     Within 30 days after Party A gives a written request to Party B demanding the refund of down
payment, Party B shall refund the down payment made by Party A. Only upon confirmation by both
parties will the obligations hereunder be deemed to terminate.

Article 9 Applicable Law and Dispute Resolution

	1.	 	The formation, validity, interpretation and performance of this Agreement and dispute
resolution shall be governed by the laws of the mainland of the People’s Republic of China
(note: mainland excludes Hong Kong, Macao and Taiwan).

	2.	 	Any dispute arising out of or from the performance of or in connection with this Agreement
shall be resolved by both parties by amicable consultation. In the event that no resolution
can be reached by consultation, either party may refer such dispute to the China International
Economic and Trade Arbitration Commission Shanghai Sub-commission (“CIETAC”) for arbitration
in accordance with the CIETAC’s arbitration rules and the arbitration rules at the time of
applying for arbitration. The arbitral award shall be final and binding upon both parties.

 

 

			
	
    * 		
    This portion of the Wafer Supply Agreement has been omitted and
filed separately with the Securities and Exchange Commission,
pursuant to Rule 24b-2.

			
	Wafer Supply
Agreement CSI-LDK071012
	 	Page 4 of 5

 

Article 10 Effectiveness of Agreement

     This Agreement shall become effective after it is signed by the legal representatives or
authorized representatives of both parties and Party A’s first down payment is deposited to the
account designated by Party B.

Article 11 Miscellaneous

     This Agreement is executed in four counterparts, with each party hereto retaining two
counterparts (of which one is original and one is copy). The four counterparts shall have the same
legal effect.

Party A: CSI Cells Co., Ltd.

Legal representative or authorized representative:

/s/ Shawn (Xiaohua) Qu

(with common seal of CSI Cells Co., Ltd.)

October 17,
2007

Party
B: Jiangxi LDK Solar Hi-Tech Co., Ltd.

Legal representative or authorized representative:

/s/ Xiaofeng Peng

(with common seal of Jiangxi LDK Solar Hi-tech Co., Ltd.)

October 17,
2007

			
	Wafer Supply
Agreement CSI-LDK071012
	 	Page 5 of 5

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