Document:

Form of Deposit Agreement

 Exhibit 4.15 
 GCL SILICON TECHNOLOGY HOLDINGS INC. 
 AND 
 JPMORGAN CHASE BANK, N.A. as Depositary 
 AND 
 OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES 
 Deposit Agreement 
 Dated as of             , 2008 

 TABLE OF CONTENTS 
  

			
	 ARTICLE 1. DEFINITIONS
	  	1
		
	 SECTION 1.01 American Depositary Shares
	  	1
	 SECTION 1.02 Commission
	  	2
	 SECTION 1.03 Company
	  	2
	 SECTION 1.04 Custodian
	  	2
	 SECTION 1.05 Deliver; Surrender
	  	2
	 SECTION 1.06 Deposit Agreement
	  	2
	 SECTION 1.07 Depositary; Depositary’s Office
	  	3
	 SECTION 1.08 Deposited Securities
	  	3
	 SECTION 1.09 Dollars
	  	3
	 SECTION 1.10 DTC
	  	3
	 SECTION 1.11 Foreign Registrar
	  	3
	 SECTION 1.12 Holder
	  	3
	 SECTION 1.13 Owner
	  	3
	 SECTION 1.14 Receipts
	  	3
	 SECTION 1.15 Registrar
	  	4
	 SECTION 1.16 Restricted Securities
	  	4
	 SECTION 1.17 Securities Act of 1933
	  	4
	 SECTION 1.18 Shares
	  	4
		
	ARTICLE 2. FORM OF RECEIPTS, DEPOSIT OF SHARES, DELIVERY, TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARES	  	4
		
	 SECTION 2.01 Form of Receipts; Registration and Transferability of American Depositary Shares
	  	4
	 SECTION 2.02 Deposit of Shares
	  	5
	 SECTION 2.03 Delivery of American Depositary Shares
	  	6
	 SECTION 2.04 Registration of Transfer of American Depositary Shares; Combination and Split-up of Receipts; Interchange of Certificated and
Uncertificated American Depositary Shares
	  	6
	 SECTION 2.05 Surrender of American Depositary Shares and Withdrawal of Deposited Securities
	  	7
	 SECTION 2.06 Limitations on Delivery, Transfer and Surrender of American Depositary Shares
	  	8
	 SECTION 2.07 Lost Receipts, etc.
	  	9
	 SECTION 2.08 Cancellation and Destruction of Surrendered Receipts
	  	9
	 SECTION 2.09 Pre-Release of American Depositary Shares
	  	9
	 SECTION 2.10 DTC Direct Registration System and Profile Modification System
	  	10
		
	 ARTICLE 3. CERTAIN OBLIGATIONS OF OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES
	  	10
		
	 SECTION 3.01 Filing Proofs, Certificates and Other Information
	  	10

  

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	 SECTION 3.02 Liability of Owner for Taxes
	  	11
	 SECTION 3.03 Warranties on Deposit of Shares
	  	11
		
	 ARTICLE 4. THE DEPOSITED SECURITIES
	  	11
		
	 SECTION 4.01 Cash Distributions
	  	11
	 SECTION 4.02 Distributions Other Than Cash, Shares or Rights
	  	12
	 SECTION 4.03 Distributions in Shares
	  	12
	 SECTION 4.04 Rights
	  	13
	 SECTION 4.05 Conversion of Foreign Currency
	  	14
	 SECTION 4.06 Fixing of Record Date
	  	15
	 SECTION 4.07 Voting of Deposited Securities
	  	15
	 SECTION 4.08 Changes Affecting Deposited Securities
	  	16
	 SECTION 4.09 Reports
	  	16
	 SECTION 4.10 Lists of Owners
	  	16
		
	 SECTION 4.11 Withholding
	  	17
		
	 ARTICLE 5. THE DEPOSITARY, THE CUSTODIANS AND THE COMPANY
	  	17
		
	 SECTION 5.01 Maintenance of Office and Transfer Books by the Depositary
	  	17
	 SECTION 5.02 Prevention or Delay in Performance by the Depositary or the Company
	  	18
	 SECTION 5.03 Obligations of the Depositary, the Custodian and the Company
	  	18
	 SECTION 5.04 Resignation and Removal of the Depositary
	  	19
	 SECTION 5.05 The Custodians
	  	20
	 SECTION 5.06 Notices and Reports
	  	20
	 SECTION 5.07 Distribution of Additional Shares, Rights, etc.
	  	21
	 SECTION 5.08 Indemnification
	  	21
	 SECTION 5.09 Charges of Depositary
	  	23
	 SECTION 5.10 Retention of Depositary Documents
	  	23
	 SECTION 5.11 Exclusivity
	  	24
	 SECTION 5.12 List of Restricted Securities Owners
	  	24
		
	 ARTICLE 6. AMENDMENT AND TERMINATION
	  	24
		
	 SECTION 6.01 Amendment
	  	24
	 SECTION 6.02 Termination
	  	24
		
	 ARTICLE 7. MISCELLANEOUS
	  	25
		
	 SECTION 7.01 Counterparts
	  	25
	 SECTION 7.02 No Third Party Beneficiaries
	  	25
	 SECTION 7.03 Severability
	  	26

  

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	 SECTION 7.04 Owners and Holders as Parties; Binding Effect
	  	26
	 SECTION 7.05 Notices
	  	26
	 SECTION 7.06 Submission to Jurisdiction; Appointment of Agent for Service of Process; Jury Trial Waiver
	  	27
	 SECTION 7.07 Waiver of Immunities
	  	27
	 SECTION 7.08 Governing Law
	  	27

  

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 DEPOSIT AGREEMENT 
 DEPOSIT AGREEMENT dated as of     , 2008, among GCL SILICON TECHNOLOGY HOLDINGS INC., a company incorporated under the laws of the Cayman Islands (herein called the Company), JPMORGAN CHASE BANK,
N.A., a national banking association organized under the laws of the United States (herein called the Depositary), and all Owners and holders from time to time of American Depositary Shares issued hereunder. 
 W I T N E S S E T H: 
 WHEREAS, the Company
desires to provide, as hereinafter set forth in this Deposit Agreement, for the deposit of Shares (as hereinafter defined) of the Company from time to time with the Depositary or with the Custodian (as hereinafter defined) as agent of the Depositary
for the purposes set forth in this Deposit Agreement, for the creation of American Depositary Shares representing the Shares so deposited and for the execution and delivery of American Depositary Receipts evidencing the American Depositary Shares;
and 
 WHEREAS, the American Depositary Receipts are to be substantially in the form of Exhibit A annexed hereto, with appropriate
insertions, modifications and omissions, as hereinafter provided in this Deposit Agreement; 
 NOW, THEREFORE, in consideration of the
premises, it is agreed by and between the parties hereto as follows: 
 ARTICLE 1. 
 DEFINITIONS 
 The following definitions shall for all purposes, unless otherwise
clearly indicated, apply to the respective terms used in this Deposit Agreement: 
 SECTION 1.01 American Depositary Shares. 

 The term “American Depositary Shares” shall mean the securities created under this Deposit Agreement representing rights with
respect to the Deposited Securities. American Depositary Shares may be certificated securities evidenced by Receipts or uncertificated securities. The form of Receipt annexed as Exhibit A to this Deposit Agreement shall be the prospectus required
under the Securities Act of 1933 for sales of both certificated and uncertificated American Depositary Shares. Except for those provisions of this Deposit Agreement that refer specifically to Receipts, all the provisions of this Deposit Agreement
shall apply to both certificated and uncertificated American Depositary Shares. Each American Depositary Share shall represent the number of Shares specified in Exhibit A to this Deposit Agreement, until there shall occur a distribution upon
Deposited Securities covered by Section 4.03 or a change in Deposited Securities covered by Section 4.08 with respect to which additional American Depositary Shares are not delivered, and thereafter American Depositary Shares shall
represent the amount of Shares or Deposited Securities specified in such Sections. 
  

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 SECTION 1.02 Commission.  
 The term “Commission” shall mean the Securities and Exchange Commission of the United States or any successor governmental agency in the United
States. 
 SECTION 1.03 Company.  
 The term “Company” shall mean GCL Silicon Technology Holdings Inc, a company, organized under the laws of the Cayman Islands, and its successors. 
 SECTION 1.04 Custodian.  
 The term “Custodian” shall mean the China office of Hong Kong and
Shanghai Banking Corp., as agent of the Depositary for the purposes of this Deposit Agreement, and any other firm or corporation which may hereafter be appointed by the Depositary pursuant to the terms of Section 5.05, as substitute or
additional custodian or custodians hereunder, as the context shall require and shall also mean all of them collectively. 
 SECTION 1.05
Deliver; Surrender.  
 (a) The term “deliver”, or its noun form, when used with respect to Shares or other Deposited
Securities, shall mean (i) book-entry transfer of those Shares or other Deposited Securities to an account maintained by an institution authorized under applicable law to effect transfers of such securities designated by the person entitled to
that delivery or (ii) physical transfer of certificates evidencing those Shares or other Deposited Securities registered in the name of, or duly endorsed or accompanied by proper instruments of transfer to, the person entitled to that delivery.

 (b) The term “deliver”, or its noun form, when used with respect to American Depositary Shares, shall mean (i) book-entry
transfer of American Depositary Shares to an account at DTC designated by the person entitled to such delivery evidencing American Depositary Shares registered in the name requested by that person (ii) registration of American Depositary Shares
not evidenced by a Receipt on the books of the Depositary in the name requested by the person entitled to such delivery and mailing to that person of a statement confirming that registration or (iii) if requested by the person entitled to such
delivery, delivery at the Depositary’s Office to the person entitled to such delivery of one or more Receipts. 
 (c) The term
“surrender”, when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at the
Depositary’s Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at the Depositary’s Office of one or more Receipts evidencing American Depositary Shares.

 SECTION 1.06 Deposit Agreement.  
 The term “Deposit Agreement” shall mean this Agreement, as the same may be amended from time to time in accordance with the provisions hereof. 
  

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 SECTION 1.07 Depositary; Depositary’s Office. 
 The term “Depositary” shall mean JPMorgan Chase Bank, N.A., a national banking association organized under the laws of the United States, and
any successor as depositary hereunder. The term “Depositary’s Office”, when used with respect to the Depositary, shall mean the office of the Depositary, which at the date of this Agreement is 4 New York Plaza, New York, New York
10004. 
 SECTION 1.08 Deposited Securities.  
 The term “Deposited Securities” as of any time shall mean Shares at such time deposited or deemed to be deposited under this Deposit Agreement, including without limitation Shares that have not been
successfully delivered upon surrender of American Depositary Shares, and any and all other securities, property and cash received by the Depositary or the Custodian in respect thereof and at such time held under this Deposit Agreement, subject as to
cash to the provisions of Section 4.05. 
 SECTION 1.09 Dollars.  
 The term “Dollars” shall mean United States dollars. 
 SECTION 1.10 DTC.  
 The term “DTC” shall mean The Depository Trust Company or its
successor. 
 SECTION 1.11 Foreign Registrar.  
 The term “Foreign Registrar” shall mean the entity that presently carries out the duties of registrar for the Shares or any successor as registrar for the Shares and any other agent of the Company for the
transfer and registration of Shares, including without limitation any securities depository for the Shares. 
 SECTION 1.12 Holder. 

 The term “Holder” shall mean any person holding a Receipt or a security entitlement or other interest in American Depositary
Shares, whether for its own account or for the account of another person, but that is not the Owner of that Receipt or those American Depositary Shares. 
 SECTION 1.13 Owner.  
 The term “Owner” shall mean the person in whose name American
Depositary Shares are registered on the books of the Depositary maintained for such purpose. 
 SECTION 1.14 Receipts.  
 The term “Receipts” shall mean the American Depositary Receipts issued hereunder evidencing certificated American Depositary Shares, as the same
may be amended from time to time in accordance with the provisions hereof. 
  

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 SECTION 1.15 Registrar.  
 The term “Registrar” shall mean any bank or trust company having an office in the Borough of Manhattan, The City of New York, that is appointed
by the Depositary to register American Depositary Shares and transfers of American Depositary Shares as herein provided. 
 SECTION 1.16
Restricted Securities.  
 The term “Restricted Securities” shall mean Shares, or American Depositary Shares representing
Shares, that are acquired directly or indirectly from the Company or its affiliates (as defined in Rule 144 under the Securities Act of 1933) in a transaction or chain of transactions not involving any public offering, or that are subject to resale
limitations under Regulation D under the Securities Act of 1933 or both, or which are held by an officer, director (or persons performing similar functions) or other affiliate of the Company, or that would require registration under the Securities
Act of 1933 in connection with the offer and sale thereof in the United States, or that are subject to other restrictions on sale or deposit under the laws of the United States or the Cayman Islands, or under a shareholder agreement or the articles
of association or similar document of the Company. 
 SECTION 1.17 Securities Act of 1933.  
 The term “Securities Act of 1933” shall mean the United States Securities Act of 1933, as from time to time amended. 
 SECTION 1.18 Shares.  
 The term
“Shares” shall mean ordinary shares of the Company, that are validly issued and outstanding and fully paid, nonassessable and that were not issued in violation of any pre-emptive or similar rights of the holders of outstanding securities
of the Company; provided, however, that, if there shall occur any change in nominal value, a split-up or consolidation or any other reclassification or, upon the occurrence of an event described in Section 4.08, an exchange or
conversion in respect of the Shares of the Company, the term “Shares” shall thereafter also mean the successor securities resulting from such change in nominal value, split-up or consolidation or such other reclassification or such
exchange or conversion. 
 ARTICLE 2. 
 FORM OF RECEIPTS, DEPOSIT OF SHARES, 
 DELIVERY, TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARES 
 SECTION 2.01 Form of Receipts; Registration and Transferability of American Depositary Shares.  
 Definitive Receipts shall be substantially in the form set forth in Exhibit A annexed to this Deposit Agreement, with appropriate insertions,
modifications and omissions, as hereinafter provided. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or obligatory for any purpose, unless such Receipt shall have been (i) executed by the Depositary by the
manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the
Depositary or a Registrar. The 

  

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Depositary shall maintain books on which (x) each Receipt so executed and delivered as hereinafter provided and the transfer of each such Receipt shall
be registered and (y) all American Depositary Shares delivered as hereinafter provided and all registrations of transfer of American Depositary Shares shall be registered. A Receipt bearing the facsimile signature of a person that was at any
time a proper officer of the Depositary shall, subject to the other provisions of this paragraph, bind the Depositary, notwithstanding that such person was not a proper officer of the Depositary on the date of issuance of that Receipt. 

The Receipts may be endorsed with or have incorporated in the text thereof such legends or recitals or modifications not inconsistent with the
provisions of this Deposit Agreement as may be required by the Depositary or required to comply with any applicable law or regulations thereunder or with the rules and regulations of any securities exchange upon which American Depositary Shares may
be listed or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Receipts are subject by reason of the date of issuance of the underlying Deposited Securities or otherwise.

 American Depositary Shares evidenced by a Receipt, when properly endorsed or accompanied by proper instruments of transfer, shall be
transferable as certificated registered securities under the laws of New York. American Depositary Shares not evidenced by Receipts shall be transferable as uncertificated registered securities under the laws of New York. The Depositary,
notwithstanding any notice to the contrary, may treat the Owner of American Depositary Shares as the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends or other distributions or to any notice
provided for in this Deposit Agreement and for all other purposes. 
 SECTION 2.02 Deposit of Shares.  
 Subject to the terms and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares may be deposited by delivery thereof to any
Custodian hereunder, accompanied by any appropriate instruments or instructions for transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian in
accordance with the provisions of this Deposit Agreement, and, if the Depositary requires, together with a written order directing the Depositary to deliver to, or upon the written order of, the person or persons stated in such order, the number of
American Depositary Shares representing such deposit. 
 No Share shall be accepted for deposit unless accompanied by evidence satisfactory
to the Depositary that any necessary approval has been granted by any governmental body in the Cayman Islands which is then performing the function of the regulation of currency exchange. If required by the Depositary, Shares presented for deposit
at any time, whether or not the transfer books of the Company or the Foreign Registrar, if applicable, are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for
the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Shares or to receive other property which any person in whose name the Shares are or have been recorded may thereafter receive upon or in respect of such
deposited Shares, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. 
  

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 At the request and risk and expense of any person proposing to deposit Shares, and for the account of
such person, the Depositary may receive certificates for Shares to be deposited, together with the other instruments herein specified, for the purpose of forwarding such Share certificates to the Custodian for deposit hereunder. 
 Upon each delivery to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents specified
above, such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the
name of the Depositary or its nominee or such Custodian or its nominee. 
 Deposited Securities shall be held by the Depositary or by a
Custodian for the account and to the order of the Depositary or at such other place or places as the Depositary shall determine. 
 SECTION
2.03 Delivery of American Depositary Shares.  
 Upon receipt by any Custodian of any deposit pursuant to Section 2.02 hereunder,
together with the other documents required as specified above, such Custodian shall notify the Depositary of such deposit and the person or persons to whom or upon whose written order American Depositary Shares are deliverable in respect thereof and
the number of American Depositary Shares to be so delivered. Such notification shall be made by letter or, at the request, risk and expense of the person making the deposit, by cable, telex or facsimile transmission (and in addition, if the transfer
books of the Company or the Foreign Registrar, if applicable, are open, the Depositary may in its sole discretion require a proper acknowledgment or other evidence from the Company or the Foreign Registrar that any Deposited Securities have been
recorded upon the books of the Company or the Foreign Registrar, if applicable, in the name of the Depositary or its nominee or such Custodian or its nominee). Upon receiving such notice from such Custodian, or upon the receipt of Shares or evidence
of the right to receive Shares by the Depositary, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall deliver, to or upon the order of the person or persons entitled thereto, the number of American Depositary Shares
issuable in respect of that deposit, but only upon payment to the Depositary of the fees and expenses of the Depositary for the delivery of such American Depositary Shares as provided in Section 5.09, and of all taxes and governmental charges
and fees payable in connection with such deposit and the transfer of the Deposited Securities. 
 SECTION 2.04 Registration of Transfer of
American Depositary Shares; Combination and Split-up of Receipts; Interchange of Certificated and Uncertificated American Depositary Shares.  
 The Depositary, subject to the terms and conditions of this Deposit Agreement, shall register transfers of American Depositary Shares on its transfer books from time to time, upon (i) in the case of certificated American Depositary
Shares, surrender of the Receipt evidencing those American Depositary Shares, by the Owner in person or by a duly authorized attorney, properly endorsed or 

  

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accompanied by proper instruments of transfer or (ii) in the case of uncertificated American Depositary Shares, receipt from the Owner of a proper
instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.10), and, in either case, duly stamped as may be required by the laws of the State of New York and of the United States of
America. Thereupon the Depositary shall deliver those American Depositary Shares to or upon the order of the person entitled thereto. 
 The
Depositary, subject to the terms and conditions of this Deposit Agreement, shall upon surrender of a Receipt or Receipts for the purpose of effecting a split-up or combination of such Receipt or Receipts, execute and deliver a new Receipt or
Receipts for any authorized number of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares as the Receipt or Receipts surrendered. 
 The Depositary, upon surrender of a Receipt for the purpose of exchanging for uncertificated American Depositary Shares, shall cancel that Receipt and
send the Owner a statement confirming that the Owner is the owner of the same number of uncertificated American Depositary Shares that the surrendered Receipt evidenced. The Depositary, upon receipt of a proper instruction (including, for the
avoidance of doubt, instructions through DRS and Profile as provided in Section 2.10) from the Owner of uncertificated American Depositary Shares for the purpose of exchanging for certificated American Depositary Shares, shall execute and
deliver to the Owner a Receipt evidencing the same number of certificated American Depositary Shares. 
 The Depositary, may appoint one or
more co-transfer agents for the purpose of effecting registration of transfers of American Depositary Shares and combinations and split-ups of Receipts at designated transfer offices on behalf of the Depositary. In carrying out its functions, a
co-transfer agent may require evidence of authority and compliance with applicable laws and other requirements by Owners or persons entitled to American Depositary Shares and will be entitled to protection and indemnity to the same extent as the
Depositary. The Depositary shall notify the Company in writing of any co-transfer agent that it appoints under this section 2.04. 
 SECTION
2.05 Surrender of American Depositary Shares and Withdrawal of Deposited Securities.  
 Upon surrender at the Depositary’s Office
of American Depositary Shares for the purpose of withdrawal of the Deposited Securities represented thereby, and upon payment of the fee of the Depositary for the surrender of American Depositary Shares as provided in Section 5.09 and payment
of all taxes and governmental charges payable in connection with such surrender and withdrawal of the Deposited Securities, and subject to the terms and conditions of this Deposit Agreement, the Owner of those American Depositary Shares shall be
entitled to delivery, to him or as instructed, of the amount of Deposited Securities at the time represented by those American Depositary Shares. Such delivery shall be made, as hereinafter provided, without unreasonable delay. 
 A Receipt surrendered for such purposes may be required by the Depositary to be properly endorsed in blank or accompanied by proper instruments of
transfer in blank. The Depositary may require the surrendering Owner to execute and deliver to the Depositary a written order directing the Depositary to cause the Deposited Securities being withdrawn to be delivered to or upon the written order of
a person or persons designated in such order. Thereupon the Depositary shall direct the Custodian to deliver at the office of such 

  

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Custodian, subject to Sections 2.06, 3.01 and 3.02 and to the other terms and conditions of this Deposit Agreement, to or upon the written order of the
person or persons designated in the order delivered to the Depositary as above provided, the amount of Deposited Securities represented by the surrendered American Depositary Shares, except that the Depositary may make delivery to such person or
persons at the Depositary’s Office of any dividends or distributions with respect to the Deposited Securities represented by those American Depositary Shares, or of any proceeds of sale of any dividends, distributions or rights, which may at
the time be held by the Depositary. 
 At the request, risk and expense of any Owner so surrendering American Depositary Shares, and for the
account of such Owner, the Depositary shall direct the Custodian to forward any cash or other property (other than rights) comprising, and forward a certificate or certificates, if applicable, and other proper documents of title for, the Deposited
Securities represented by the American Depositary Shares (evidenced by such Receipt, if applicable) to the Depositary for delivery at the Depositary’s Office. Such direction shall be given by letter or, at the request, risk and expense of such
Owner, by cable, telex or facsimile transmission. 
 SECTION 2.06 Limitations on Delivery, Transfer and Surrender of American Depositary
Shares.  
 As a condition precedent to the delivery, registration of transfer, or surrender of any American Depositary Shares or split-up
or combination of any Receipt or withdrawal of any Deposited Securities, the Depositary, Custodian or Registrar may require payment from the depositor of Shares or the presenter of the Receipt or instruction for registration of transfer or surrender
of American Depositary Shares not evidenced by a Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with
respect to Shares being deposited or withdrawn) and payment of any applicable fees as herein provided, may require the production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with
any regulations the Depositary may establish consistent with the provisions of this Deposit Agreement, including, without limitation, this Section 2.06. 
 The delivery of American Depositary Shares against deposit of Shares generally or against deposit of particular Shares may be suspended, or the transfer of American Depositary Shares in particular instances may be
refused, or the registration of transfer of outstanding American Depositary Shares generally may be suspended, during any period when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the
Depositary or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or commission, or under any provision of this Deposit Agreement, or for any other reason, subject to the
provisions of the following sentence. Notwithstanding anything to the contrary in this Deposit Agreement, the surrender of outstanding American Depositary Shares and withdrawal of Deposited Securities may not be suspended subject only to
(i) temporary delays caused by closing the transfer books of the Depositary or the Company or the Foreign Registrar, if applicable, or the deposit of Shares in connection with voting at a shareholders’ meeting, or the payment of dividends,
(ii) the payment of fees, taxes and similar charges, and (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the American Depositary Shares or to the withdrawal of the Deposited Securities. Without
limitation of the foregoing, the 

  

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Depositary shall not knowingly accept for deposit under this Deposit Agreement any Shares which would be required to be registered under the provisions of
the Securities Act of 1933 for public offer and sale in the United States, unless a registration statement is in effect as to such Shares for such offer and sale. 
 SECTION 2.07 Lost Receipts, etc.  
 In case any Receipt shall be mutilated, destroyed, lost or stolen,
the Depositary shall execute and deliver a new Receipt of like tenor in exchange and substitution for such mutilated Receipt upon cancellation thereof, or in lieu of and in substitution for such destroyed, lost or stolen Receipt. Before the
Depositary shall execute and deliver a new Receipt in substitution for a destroyed, lost or stolen Receipt, the Owner thereof shall have (a) filed with the Depositary (i) a request for such execution and delivery before the Depositary has
notice that the Receipt has been acquired by a bona fide purchaser and (ii) a sufficient indemnity bond and (b) satisfied any other reasonable requirements imposed by the Depositary. 
 SECTION 2.08 Cancellation and Destruction of Surrendered Receipts.  
 All Receipts surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled. 
 SECTION 2.09 Pre-Release of American Depositary Shares.  
 Notwithstanding Section 2.03 hereof, the Depositary may deliver American Depositary Shares prior to the receipt of Shares pursuant to Section 2.02 (a “Pre-Release”). The Depositary may, pursuant to
Section 2.05, deliver Shares upon the surrender of American Depositary Shares that have been Pre-Released, whether or not such cancellation is prior to the termination of such Pre-Release or the Depositary knows that such American Depositary
Shares have been Pre-Released. The Depositary may receive American Depositary Shares in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release will be (a) preceded or accompanied by a written representation from the person to whom
American Depositary Shares or Shares are to be delivered, that such person, or its customer, owns the Shares or American Depositary Shares to be remitted, as the case may be, (b) at all times fully collateralized with cash, U.S. government
securities or such other collateral as the Depositary determines, in good faith, will provide substantially similar liquidity and security, (c) terminable by the Depositary on not more than five (5) business days notice, and
(d) subject to such further indemnities and credit regulations as the Depositary deems appropriate. The number of Shares represented by American Depositary Shares which are outstanding at any time as a result of Pre-Releases will not normally
exceed thirty percent (30%) of the Shares deposited hereunder; provided, however, that the Depositary reserves the right to change or disregard such limit from time to time as it deems appropriate, and may, with the prior written consent of the
Company, change such limit for purposes of general application. 
 The Depositary may retain for its own account any compensation received by
it in connection with the foregoing. 
  

 9 

 SECTION 2.10 DTC Direct Registration System and Profile Modification System  
 (a) Notwithstanding the provisions of Section 2.04, the parties acknowledge that the Direct Registration System (“DRS”) and Profile
Modification System (“Profile”) shall apply to uncertificated American Depositary Shares upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC pursuant to which the Depositary may register the ownership of
uncertificated American Depositary Shares, which ownership shall be evidenced by periodic statements issued by the Depositary to the Owners entitled thereto. Profile is a required feature of DRS which allows a DTC participant, claiming to act on
behalf of an Owner of American Depositary Shares, to direct the Depositary to register a transfer of those American Depositary Shares to DTC or its nominee and to deliver those American Depositary Shares to the DTC account of that DTC participant
without receipt by the Depositary of prior authorization from the Owner to register such transfer. 
 (b) In connection with and in
accordance with the arrangements and procedures relating to DRS/Profile, the parties understand that the Depositary will not verify, determine or otherwise ascertain that the DTC participant which is claiming to be acting on behalf of an Owner in
requesting a registration of transfer and delivery as described in subsection (a) has the actual authority to act on behalf of the Owner (notwithstanding any requirements under the Uniform Commercial Code). For the avoidance of doubt, the
provisions of Sections 5.03 and 5.08 shall apply to the matters arising from the use of the DRS. The parties agree that the Depositary’s reliance on and compliance with instructions received by the Depositary through the DRS/Profile System and
in accordance with this Deposit Agreement shall not constitute negligence or bad faith on the part of the Depositary. 
 ARTICLE 3.

 CERTAIN OBLIGATIONS OF OWNERS AND HOLDERS 
 OF AMERICAN DEPOSITARY SHARES 
 SECTION 3.01 Filing Proofs, Certificates and Other Information. 

 Any person presenting Shares for deposit or any Owner or holder may be required from time to time to file with the Depositary or the
Custodian such proof of citizenship or residence, exchange control approval, or such information relating to the registration on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such
representations and warranties, as the Depositary may deem necessary or proper. The Depositary may withhold the delivery or registration of transfer of American Depositary Shares or the distribution of any dividend or sale or distribution of rights
or of the proceeds thereof or the delivery of any Deposited Securities until such proof or other information is filed or such certificates are executed or such representations and warranties made. If requested in writing, the Depositary shall, as
promptly as practicable, provide the Company, at the expense of the Company, with copies of any such proofs, certificates or other information it receives pursuant to this section, unless prohibited by applicable law. 
  

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 SECTION 3.02 Liability of Owner for Taxes.  
 If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any
Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those
American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof
any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of
such American Depositary Shares shall remain liable for any deficiency. 
 SECTION 3.03 Warranties on Deposit of Shares.  

Every person depositing Shares under this Deposit Agreement shall be deemed thereby to represent and warrant that such Shares and each certificate
therefor, if applicable, are validly issued, fully paid, nonassessable and free of any preemptive rights of the holders of outstanding Shares and that the person making such deposit is duly authorized so to do. Every such person shall also be deemed
to represent that the deposit of such Shares and the sale of American Depositary Shares representing such Shares by that person are not restricted under the Securities Act of 1933. Such representations and warranties shall survive the deposit of
Shares and delivery of American Depositary Shares. 
 ARTICLE 4. 
 THE DEPOSITED SECURITIES 
 SECTION 4.01 Cash Distributions.  
 Whenever the Depositary shall receive any cash dividend or other cash distribution on any Deposited Securities, the Depositary shall, subject to the
provisions of Section 4.05, convert such dividend or distribution into Dollars and shall distribute the amount thus received (net of the fees and expenses of the Depositary as provided in Section 5.09) to the Owners entitled thereto, in
proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company or the Depositary shall be required to withhold and does
withhold from such cash dividend or such other cash distribution an amount on account of taxes or other governmental charges, the amount distributed to the Owner of the American Depositary Shares representing such Deposited Securities shall be
reduced accordingly. The Depositary shall distribute only such amount, however, as can be distributed without attributing to any Owner a fraction of one cent. Any such fractional amounts shall be rounded to the nearest whole cent and so distributed
to Owners entitled thereto. The Company or its agent will remit to the appropriate governmental agencies in the Cayman Islands and the People’s Republic of China all amounts withheld and owing to such agencies. The Depositary will forward to
the Company or its agent such information from its records as the Company may reasonably request to enable the Company or its agent to file necessary reports with governmental agencies, and the Depositary or the Company or its agent may file any
such reports necessary to obtain benefits under the applicable tax treaties for the Owners. 
  

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 SECTION 4.02 Distributions Other Than Cash, Shares or Rights.  
 Subject to the provisions of Sections 4.11 and 5.09, whenever the Depositary shall receive any distribution other than a distribution described in
Section 4.01, 4.03 or 4.04, the Depositary shall cause the securities or property received by it to be distributed to the Owners entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary or any taxes or other
governmental charges, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, in any manner that the Depositary may deem equitable and practicable for accomplishing such
distribution; provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners entitled thereto, or if for any other reason (including, but not limited to, any requirement that the Company
or the Depositary withhold an amount on account of taxes or other governmental charges or that such securities must be registered under the Securities Act of 1933 in order to be distributed to Owners or holders) the Depositary deems such
distribution not to be feasible, the Depositary may adopt such method as it may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited to, the public or private sale of the securities or property
thus received, or any part thereof, and the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided in Section 5.09) shall be distributed by the Depositary to the Owners entitled thereto, all in the manner and
subject to the conditions described in Section 4.01. The Depositary may sell, by public or private sale, an amount of securities or other property it would otherwise distribute under this Section 4.02 that is sufficient to pay it fees and
expenses in respect of that distribution. 
 SECTION 4.03 Distributions in Shares.  
 If any distribution upon any Deposited Securities consists of a dividend in, or free distribution of, Shares, the Depositary may deliver to the Owners
entitled thereto, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, an aggregate number of American Depositary Shares representing the amount of Shares received as such
dividend or free distribution, subject to the terms and conditions of the Deposit Agreement with respect to the deposit of Shares and after deduction or upon issuance of American Depositary Shares, including the withholding of any tax or other
governmental charge as provided in Section 4.11 and the payment of the fees and expenses of the Depositary as provided in Section 5.09 (and the Depositary may sell, by public or private sale, an amount of the Shares received sufficient to
pay its fees and expenses in respect of that distribution). The Depositary may withhold any such delivery of American Depositary Shares if it has not received satisfactory assurances from the Company that such distribution does not require
registration under the Securities Act of 1933. In lieu of delivering fractional American Depositary Shares in any such case, the Depositary shall sell the amount of Shares represented by the aggregate of such fractions and distribute the net
proceeds, all in the manner and subject to the conditions described in Section 4.01. If additional American Depositary Shares are not so delivered, each American Depositary Share shall thenceforth also represent the additional Shares
distributed upon the Deposited Securities represented thereby. 
  

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 SECTION 4.04 Rights.  
 In the event that the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe for additional Shares
or any rights of any other nature, the Depositary shall have discretion as to the procedure to be followed in making such rights available to any Owners or in disposing of such rights on behalf of any Owners and making the net proceeds available to
such Owners or, if by the terms of such rights offering or for any other reason, the Depositary may not either make such rights available to any Owners or dispose of such rights and make the net proceeds available to such Owners, then the Depositary
shall allow the rights to lapse. If at the time of the offering of any rights the Depositary determines in its discretion that it is lawful and feasible to make such rights available to all or certain Owners but not to other Owners, the Depositary
may distribute to any Owner to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary Shares held by such Owner, warrants or other instruments therefor in such form as it deems appropriate.

 In circumstances in which rights would otherwise not be distributed, if an Owner requests the distribution of warrants or other
instruments in order to exercise the rights allocable to the American Depositary Shares of such Owner hereunder, the Depositary will make such rights available to such Owner upon written notice from the Company to the Depositary that (a) the
Company has elected in its sole discretion to permit such rights to be exercised and (b) such Owner has executed such documents as the Company has determined in its sole discretion are reasonably required under applicable law. 
 If the Depositary has distributed warrants or other instruments for rights to all or certain Owners, then upon instruction from such an Owner pursuant to
such warrants or other instruments to the Depositary from such Owner to exercise such rights, upon payment by such Owner to the Depositary for the account of such Owner of an amount equal to the purchase price of the Shares to be received upon the
exercise of the rights, and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants or other instruments, the Depositary shall, on behalf of such Owner, exercise the rights and purchase the Shares,
and the Company shall cause the Shares so purchased to be delivered to the Depositary on behalf of such Owner. As agent for such Owner, the Depositary will cause the Shares so purchased to be deposited pursuant to Section 2.02 of this Deposit
Agreement, and shall, pursuant to Section 2.03 of this Deposit Agreement, deliver American Depositary Shares to such Owner. In the case of a distribution pursuant to the second paragraph of this Section, such deposit shall be made, and
Deposited Securities shall be delivered, under depositary arrangements which provide for issuance of Deposited Securities subject to the appropriate restrictions on sale, deposit, cancellation, and transfer under applicable United States laws.

 If the Depositary determines that it is not lawful and feasible to make such rights available to all or certain Owners, it may sell the
rights, warrants or other instruments in proportion to the number of American Depositary Shares held by the Owners to whom it has determined it may not lawfully or feasibly make such rights available, and allocate the net proceeds of such sales (net
of the fees and expenses of the Depositary as provided in Section 5.09 and all taxes and governmental charges payable in connection with such rights and subject to the terms and conditions of this Deposit Agreement) for the account of such
Owners otherwise entitled to such rights, warrants or other instruments, upon an averaged or other practical basis without regard to any distinctions among such Owners because of exchange restrictions or the date of delivery of any American
Depositary Shares or otherwise. 
  

 13 

 The Depositary will not offer rights to Owners unless both the rights and the securities to which such
rights relate are either exempt from registration under the Securities Act of 1933 with respect to a distribution to all Owners or are registered under the provisions of such Act; provided, that nothing in this Deposit Agreement shall create
any obligation on the part of the Company to file a registration statement with respect to such rights or underlying securities or to endeavor to have such a registration statement declared effective. If an Owner requests the distribution of
warrants or other instruments, notwithstanding that there has been no such registration under the Securities Act of 1933, the Depositary shall not effect such distribution unless it has received an opinion from recognized counsel in the United
States for the Company upon which the Depositary may rely that such distribution to such Owner is exempt from such registration. 
 The
Depositary shall not be responsible for any failure to determine that it may be lawful or feasible to make such rights available to Owners in general or any Owner in particular. 
 SECTION 4.05 Conversion of Foreign Currency.  
 Whenever the Depositary or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of securities, property or rights, and if at the time of the receipt thereof the foreign
currency so received can in the judgment of the Depositary be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United States, the Depositary shall convert or cause to be converted by sale or in any other
manner that it may determine such foreign currency into Dollars, and such Dollars shall be distributed to the Owners entitled thereto or, if the Depositary shall have distributed any warrants or other instruments which entitle the holders thereof to
such Dollars, then to the holders of such warrants and/or instruments upon surrender thereof for cancellation. Such distribution may be made upon an averaged or other practicable basis without regard to any distinctions among Owners on account of
exchange restrictions, the date of delivery of any American Depositary Shares or otherwise and shall be net of any expenses of conversion into Dollars incurred by the Depositary as provided in Section 5.09. 
 If such conversion or distribution can be effected only with the approval or license of any government or agency thereof, the Depositary may file such
application for approval or license, if any, as it may deem desirable. 
 If at any time the Depositary shall determine that in its judgment
any foreign currency received by the Depositary or the Custodian is not convertible on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government or agency thereof which is required for such
conversion is denied or in the opinion of the Depositary is not obtainable, or if any such approval or license is not obtained within a reasonable period as determined by the Depositary, or if there are foreign exchange controls in place that
prohibit such conversion, the Depositary may distribute the foreign currency (or an appropriate document evidencing the right to receive such foreign currency) received by the Depositary to, or in its discretion may hold such foreign currency
uninvested and without liability for interest thereon for the respective accounts of, the Owners entitled to receive the same. 
  

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 If any such conversion of foreign currency, in whole or in part, cannot be effected for distribution to
some of the Owners entitled thereto, the Depositary may in its discretion make such conversion and distribution in Dollars to the extent permissible to the Owners entitled thereto and may distribute the balance of the foreign currency received by
the Depositary to, or hold such balance uninvested and without liability for interest thereon for the respective accounts of, the Owners entitled thereto. 
 SECTION 4.06 Fixing of Record Date.  
 Whenever any cash dividend or other cash distribution shall
become payable or any distribution other than cash shall be made, or whenever rights shall be issued with respect to the Deposited Securities, or whenever the Depositary shall receive notice of any meeting of holders of Shares or other Deposited
Securities, or whenever for any reason the Depositary causes a change in the number of Shares that are represented by each American Depositary Share, or whenever the Depositary shall find it necessary or convenient, the Depositary shall fix a record
date, which date shall be the same date, to the extent practicable, as the record date for the Deposited Securities or if different, as close thereto as practicable (a) for the determination of the Owners who shall be (i) entitled to
receive such dividend, distribution or rights or the net proceeds of the sale thereof, (ii) entitled to give instructions for the exercise of voting rights at any such meeting or (iii) responsible for any fee or charge assessed by the
Depositary pursuant to this Deposit Agreement, (b) on or after which each American Depositary Share will represent the changed number of Shares or (c) for any other matter. Subject to the provisions of Sections 4.01 through 4.05 and to the
other terms and conditions of this Deposit Agreement, the Owners on such record date shall be entitled, as the case may be, to receive the amount distributable by the Depositary with respect to such dividend or other distribution or such rights or
the net proceeds of sale thereof in proportion to the number of American Depositary Shares held by them respectively and to give voting instructions and to act in respect of any other such matter. 
 SECTION 4.07 Voting of Deposited Securities.  
 Upon receipt of notice of any meeting of holders of Shares or other Deposited Securities, if requested in writing by the Company, the Depositary shall, as soon as practicable thereafter, mail to the Owners a notice, the form of which notice
shall be in the sole discretion of the Depositary, which shall contain (a) such information as is contained in such notice of meeting received by the Depositary from the Company, (b) a statement that the Owners as of the close of business
on a specified record date will be entitled, subject to any applicable provision of law of the Cayman Islands and of the articles of association or similar document of the Company, to instruct the Depositary as to the exercise of the voting rights,
if any, pertaining to the amount of Shares or other Deposited Securities represented by their respective American Depositary Shares and (c) a statement as to the manner in which such instructions may be given. Upon the written request of an
Owner on such record date, received on or before the date established by the Depositary for such purpose, the Depositary shall endeavor, in so far as practicable, to vote or cause to be voted the amount of Shares or other Deposited Securities
represented by the American Depositary Shares in accordance with the instructions set forth in such request. The Depositary shall not vote or attempt to exercise the right to vote that attaches to the Shares or other Deposited Securities, other than
in accordance with such instructions. 
  

 15 

 There can be no assurance that Owners generally or any Owner in particular will receive the notice
described in the preceding paragraph sufficiently prior to the instruction cutoff date to ensure that the Depositary will vote the Shares or Deposited Securities in accordance with the provisions set forth in the preceding paragraph. 
 In order to give Owners a reasonable opportunity to instruct the Depositary as to the exercise of voting rights relating to Deposited Securities, if the
Company will request the Depositary to act under this Section 4.07, the Company shall give the Depositary notice of any such meeting and details concerning the matters to be voted upon not less than 45 days prior to the meeting date.

 SECTION 4.08 Changes Affecting Deposited Securities.  
 Upon any change in nominal value, change in par value, split-up, consolidation or any other reclassification of Deposited Securities, or upon any recapitalization, reorganization, merger or consolidation or sale of
assets affecting the Company or to which it is a party, or upon the redemption or cancellation by the Company of the Deposited Securities, any securities, cash or property which shall be received by the Depositary or a Custodian in exchange for, in
conversion of, in lieu of or in respect of Deposited Securities, shall be treated as new Deposited Securities under this Deposit Agreement, and American Depositary Shares shall thenceforth represent, in addition to the existing Deposited Securities,
the right to receive the new Deposited Securities so received, unless additional Receipts are delivered pursuant to the following sentence. In any such case the Depositary may execute and deliver additional Receipts as in the case of a dividend in
Shares, or call for the surrender of outstanding Receipts to be exchanged for new Receipts specifically describing such new Deposited Securities. 
 SECTION 4.09 Reports.  
 The Depositary shall make available for inspection by Owners at the Depositary’s Office any
reports and communications, including any proxy solicitation material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited Securities and (b) made generally available to the holders of
such Deposited Securities by the Company. The Depositary shall also, upon written request by the Company, send to the Owners copies of such reports when furnished by the Company pursuant to Section 5.06. Any such reports and communications,
including any such proxy soliciting material, furnished to the Depositary by the Company shall be furnished in English, to the extent such materials are required to be translated into English pursuant to any regulations of the Commission.

 SECTION 4.10 Lists of Owners.  
 Promptly upon request by the Company, the Depositary shall, at the expense of the Company, furnish to it a list, as of a recent date, of the names, addresses and holdings of American Depositary Shares by all persons in whose names American
Depositary Shares are registered on the books of the Depositary. 
  

 16 

 SECTION 4.11 Withholding.  
 In the event that the Depositary determines that any distribution in property (including Shares and rights to subscribe therefor) is subject to any tax or
other governmental charge which the Depositary is obligated to withhold, the Depositary may by public or private sale dispose of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner
as the Depositary deems necessary and practicable to pay such taxes or charges and the Depositary shall distribute the net proceeds of any such sale after deduction of such taxes or charges to the Owners entitled thereto in proportion to the number
of American Depositary Shares held by them respectively. The Depositary will forward to the Company or its agent, at the expense of the Company, such information from its records as the Company may reasonably request to enable the Company or its
agent to file necessary reports with governmental agencies, and the Company or its agent may file any such reports necessary to obtain benefits under the applicable tax treaties for the Owners of Receipts. 
 ARTICLE 5. 
 THE DEPOSITARY, THE CUSTODIANS AND
THE COMPANY 
 SECTION 5.01 Maintenance of Office and Transfer Books by the Depositary.  
 Until termination of this Deposit Agreement in accordance with its terms, the Depositary shall maintain facilities for the execution and delivery,
registration, registration of transfers and surrender of Receipts in accordance with the provisions of this Deposit Agreement. 
 The
Depositary shall keep books for the registration of American Depositary Shares and transfers of American Depositary Shares which at all reasonable times shall be open for inspection by the Owners and the Company, provided that such inspection shall
not be for the purpose of communicating with Owners in the interest of a business or object other than the business of the Company or a matter related to this Deposit Agreement or the American Depositary Shares. 
 The Depositary may close the transfer books, at any time or from time to time, when deemed expedient by it in connection with the performance of its
duties hereunder or at the reasonable written request of the Company. 
 If any American Depositary Shares are listed on one or more stock
exchanges in the United States, the Depositary shall act as Registrar or appoint a Registrar or one or more co-registrars for registry of such American Depositary Shares in accordance with any requirements of such exchange or exchanges. The
Depositary shall notify the Company in writing of any Registrar or co-registrar that it appoints under this section 5.01. 
  

 17 

 SECTION 5.02 Prevention or Delay in Performance by the Depositary or the Company.  
 Neither the Depositary nor the Company nor any of their respective directors, officers, employees, agents or affiliates shall incur any liability to any
Owner or Holder (i) if by reason of any provision of any present or future law or regulation of the United States or any other country, or of any governmental or regulatory authority or stock exchange, or by reason of any provision, present or
future, of the articles of association or similar document of the Company, or by reason of any provision of any securities issued or distributed by the Company, or any offering or distribution thereof, or by reason of any act of God or war or
terrorism or other circumstances beyond its control, the Depositary or the Company shall be prevented, delayed or forbidden from, or be subject to any civil or criminal penalty on account of, doing or performing any act or thing which by the terms
of this Deposit Agreement or the Deposited Securities it is provided shall be done or performed, (ii) by reason of any nonperformance or delay, caused as aforesaid, in the performance of any act or thing which by the terms of this Deposit
Agreement it is provided shall or may be done or performed, (iii) by reason of any exercise of, or failure to exercise, any discretion provided for in this Deposit Agreement, (iv) for the inability of any Owner or holder to benefit from
any distribution, offering, right or other benefit which is made available to holders of Deposited Securities but is not, under the terms of this Deposit Agreement, made available to Owners or holders, or (v) for any indirect, special,
consequential or punitive damages. Where, by the terms of a distribution pursuant to Section 4.01, 4.02, or 4.03, or an offering or distribution pursuant to Section 4.04, or for any other reason, such distribution or offering may not be
made available to Owners, and the Depositary may not dispose of such distribution or offering on behalf of such Owners and make the net proceeds available to such Owners, then the Depositary shall not make such distribution or offering, and shall
allow any rights, if applicable, to lapse. 
 SECTION 5.03 Obligations of the Depositary, the Custodian and the Company.  

The Company assumes no obligation nor shall it be subject to any liability under this Deposit Agreement to any Owner or Holder, except that the Company
agrees to perform its obligations specifically set forth in this Deposit Agreement without gross negligence or bad faith. 
 The Depositary
assumes no obligation nor shall it be subject to any liability under this Deposit Agreement to any Owner or Holder (including, without limitation, liability with respect to the validity or worth of the Deposited Securities), except that the
Depositary agrees to perform its obligations specifically set forth in this Deposit Agreement without gross negligence or bad faith. 
 Neither the Depositary nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit or other proceeding in respect of any Deposited Securities or in respect of the American Depositary Shares on behalf of
any Owner or Holder or any other person. 
  

 18 

 Neither the Depositary nor the Company shall be liable for any action or nonaction by it in reliance upon
the advice of or information from legal counsel, accountants, any person presenting Shares for deposit, any Owner or any other person believed by it in good faith to be competent to give such advice or information. 
 The Depositary shall not be liable for any acts or omissions made by a successor depositary whether in connection with a previous act or omission of the
Depositary or in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that in connection with the issue out of which such potential liability arises the Depositary performed its obligations without
gross negligence or bad faith while it acted as Depositary. 
 The Depositary shall not be liable for the acts or omissions made by any
securities depository, clearing agency or settlement system in connection with or arising out of book-entry settlement of Deposited Securities or otherwise. 
 The Depositary shall not be responsible for any failure to carry out any instructions to vote any of the Deposited Securities, or for the manner in which any such vote is cast (provided that any such action or
nonaction is in good faith) or the effect of any such vote. 
 Notwithstanding anything to the contrary set forth in the Deposit Agreement or
any Receipt, the Depositary and its agents may fully respond to any and all demands or requests for information maintained by or on its behalf in connection with the Deposit Agreement, any Holder(s) or Owner(s), any Receipt or Receipts or otherwise
related hereto to the extent such information is requested or required by or pursuant to any lawful authority, including without limitation laws, rules, regulations, administrative or judicial process, banking, securities or other regulators.

 No disclaimer of liability under the Securities Act of 1933 is intended by any provision of this Deposit Agreement. 
 SECTION 5.04 Resignation and Removal of the Depositary.  
 The Depositary may at any time resign as Depositary hereunder by written notice of its election so to do delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its
acceptance of such appointment as hereinafter provided. 
 The Depositary may at any
time be removed by the Company by 120 days prior written notice of such removal, to become effective upon the later of (i) the 120th day after
delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. 
 In case at any time the Depositary acting hereunder shall resign or be removed, the Company shall use its reasonable efforts to appoint a successor depositary, which shall be a bank or trust company having an office
in the Borough of Manhattan, The City of New York. Every successor depositary shall execute and deliver to its predecessor and to the Company an instrument in writing accepting its appointment hereunder, and thereupon such successor depositary,
without any further act or deed, shall become fully 

  

 19 

 
vested with all the rights, powers, duties and obligations of its predecessor; but such predecessor, nevertheless, upon payment of all sums due it and on the
written request of the Company shall execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder, shall duly assign, transfer and deliver all right, title and interest in the Deposited
Securities to such successor and shall deliver to such successor a list of the Owners of all outstanding Receipts. Any such successor depositary shall promptly mail notice of its appointment to the Owners. 
 Any corporation into or with which the Depositary may be merged or consolidated shall be the successor of the Depositary without the execution or filing
of any document or any further act. 
 SECTION 5.05 The Custodians.  
 The Custodian shall be subject at all times and in all respects to the directions of the Depositary and shall be responsible solely to it. Any Custodian
may resign and be discharged from its duties hereunder by notice of such resignation delivered to the Depositary at least 30 days prior to the date on which such resignation is to become effective. If upon such resignation there shall be no
Custodian acting hereunder, the Depositary shall, promptly after receiving such notice, appoint a substitute custodian or custodians, each of which shall thereafter be a Custodian hereunder. The Depositary in its discretion may appoint a substitute
or additional custodian or custodians, each of which shall thereafter be one of the Custodians hereunder. Upon demand of the Depositary any Custodian shall deliver such of the Deposited Securities held by it as are requested of it to any other
Custodian or such substitute or additional custodian or custodians. Each such substitute or additional custodian shall deliver to the Depositary, forthwith upon its appointment, an acceptance of such appointment satisfactory in form and substance to
the Depositary. 
 Upon the appointment of any successor depositary hereunder, each Custodian then acting hereunder shall forthwith become,
without any further act or writing, the agent hereunder of such successor depositary and the appointment of such successor depositary shall in no way impair the authority of each Custodian hereunder; but the successor depositary so appointed shall,
nevertheless, on the written request of any Custodian, execute and deliver to such Custodian all such instruments as may be proper to give to such Custodian full and complete power and authority as agent hereunder of such successor depositary.

 SECTION 5.06 Notices and Reports.  
 On or before the first date on which the Company gives notice, by publication or otherwise, of any meeting of holders of Shares or other Deposited Securities, or of any adjourned meeting of such holders, or of the
taking of any action in respect of any cash or other distributions or the offering of any rights, the Company agrees to transmit to the Depositary and the Custodian a copy of the notice thereof in the form given or to be given to holders of Shares
or other Deposited Securities. 
 The Company will arrange for the translation into English, if not already in English, to the extent
required pursuant to any regulations of the Commission, and the prompt transmittal by the Company to the Depositary and the Custodian of such notices and 

  

 20 

 
any other reports and communications which are made generally available by the Company to holders of its Shares. If requested in writing by the Company, the
Depositary will arrange for the mailing, at the Company’s expense, of copies of such notices, reports and communications to all Owners. The Company will timely provide the Depositary with the quantity of such notices, reports, and
communications, as requested by the Depositary from time to time, in order for the Depositary to effect such mailings. 
 SECTION 5.07
Distribution of Additional Shares, Rights, etc. 
 If the Company or any affiliate of the Company determines to make any issuance or
distribution of (1) additional Shares, (2) rights to subscribe for Shares, (3) securities convertible into Shares, or (4) rights to subscribe for such securities (each a “Distribution”), the Company shall notify the
Depositary in writing in English as promptly as practicable and in any event before the Distribution starts and, if requested in writing by the Depositary, the Company shall promptly furnish to the Depositary a written opinion from U.S. counsel for
the Company that is reasonably satisfactory to the Depositary, stating whether or not the Distribution requires, or, if made in the United States, would require, registration under the Securities Act of 1933. If, in the opinion of that counsel, the
Distribution requires, or, if made in the United States, would require, registration under the Securities Act of 1933, that counsel shall furnish to the Depositary a written opinion as to whether or not there is a registration statement under the
Securities Act of 1933 in effect that will cover that Distribution. 
 The Company agrees with the Depositary that neither the Company nor
any company controlled by, controlling or under common control with the Company will at any time deposit any Shares, either originally issued or previously issued and reacquired by the Company or any such affiliate, unless a Registration Statement
is in effect as to such Shares under the Securities Act of 1933 or the Company delivers to the Depositary an opinion of United States counsel, satisfactory to the Depositary, to the effect that, upon deposit, those Shares will be eligible for public
resale in the United States without further registration under the Securities Act of 1933. 
 SECTION 5.08 Indemnification.

 The Company agrees to indemnify the Depositary, its directors, employees, agents and affiliates and any Custodian against, and hold each of
them harmless from, any liability or expense (including, but not limited to any fees and expenses incurred in seeking, enforcing or collecting such indemnity and the fees and expenses of counsel) which may arise out of or in connection with
(a) any registration with the Commission of American Depositary Shares or Deposited Securities or the offer or sale thereof in the United States or (b) acts performed or omitted, pursuant to the provisions of or in connection with this
Deposit Agreement and of the Receipts, as the same may be amended, modified or supplemented from time to time, (i) by either the Depositary or a Custodian or their respective directors, employees, agents and affiliates, except, subject to the
third from the last paragraph of this Section 5.08, for any loss, liability or expense directly arising out of the negligence or bad faith of the Depositary or its agents acting hereunder, or (ii) by the Company or any of its directors,
employees, agents and affiliates. 
  

 21 

 The indemnities set forth in the preceding paragraph shall also apply to any liability or expense which
may arise out of any misstatement or alleged misstatement or omission or alleged omission in any registration statement, proxy statement, prospectus (or placement memorandum), or preliminary prospectus (or preliminary placement memorandum) relating
to the offer or sale of American Depositary Shares, except to the extent any such liability or expense arises out of information relating to the Depositary or any Custodian (other than the Company), as applicable, furnished in writing by the
Depositary and not materially changed or altered by the Company expressly for use in any of the foregoing documents. 
 Except as provided in
the next succeeding paragraph, the Depositary shall indemnify, defend and save harmless the Company against any loss, liability or expense (including reasonable fees and expenses of counsel) incurred by the Company in respect of this Deposit
Agreement to the extent such loss, liability or expense is due to the negligence or bad faith of the Depositary or its agents acting hereunder. 
 Notwithstanding any other provision of this Deposit Agreement or any Receipts to the contrary, neither the Company nor the Depositary, nor any of their agents, shall be liable to the other for any indirect, special, punitive or
consequential damages (collectively “Special Damages”) except (i) to the extent such Special Damages arise from the gross negligence or willful misconduct of the party from whom indemnification is sought or (ii) to the extent
Special Damages arise from or out of a claim brought by a third party (including, without limitation, Holders) against the Depositary or its agents, except to the extent such Special Damages arise out of the gross negligence or willful misconduct of
the party seeking indemnification hereunder 
 The obligations set forth in this Section 5.08 shall survive the termination of this
Deposit Agreement and the succession or substitution of any indemnified person. 
 If an action or proceeding (including, but not limited to,
any governmental investigation, claim or dispute) in respect of which indemnity may be sought by either party is brought or asserted against the other party, the party seeking indemnification (the “Indemnitee”) shall promptly notify the
other party (the “Indemnitor”) in writing of such proceeding giving reasonable details thereof. The Indemnitor shall be entitled to participate in such proceeding and, to the extent no conflict of interest exists in the conduct of the
defense, to assume the defense thereof with counsel reasonably satisfactory to the Indemnitee. After notice from the Indemnitor to the Indemnitee of its election to assume the defense, and provided no conflict of interest exists, the Indemnitor
shall not be liable to the Indemnitee for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by the Indemnitee, in connection with the defense other than reasonable costs of investigation. No compromise or
settlement of such action or proceeding may be effected by either party without the other party’s consent (which shall not be unreasonably withheld) unless (i) there is no finding or admission of any violation of law and no effect on any
other claims that may be made against such other party and (ii) the sole relief provided is monetary damages that are paid in full by the party seeking such compromise or settlement. 
  

 22 

 SECTION 5.09 Charges of Depositary. 
 The Company agrees to pay the fees and out-of-pocket expenses of the Depositary and those of any Registrar in accordance with agreements in writing
entered into between the Depositary and the Company from time to time. 
 The following charges shall be incurred by any party depositing or
withdrawing Shares or by any party surrendering American Depositary Shares or to whom American Depositary Shares are issued (including, without limitation, issuance pursuant to a stock dividend or stock split declared by the Company or an exchange
of stock regarding the American Depositary Shares or Deposited Securities or a delivery of American Depositary Shares pursuant to Section 4.03), or by Owners, as applicable: (1) taxes, stamp duty and other governmental charges,
(2) such registration fees as may from time to time be in effect for the registration of transfers of Shares generally on the Share register of the Company or Foreign Registrar and applicable to transfers of Shares to or from the name of the
Depositary or its nominee or the Custodian or its nominee on the making of deposits or withdrawals hereunder, (3) such cable, telex and facsimile transmission expenses as are expressly provided in this Deposit Agreement, (4) such expenses
as are incurred by the Depositary in the conversion of foreign currency pursuant to Section 4.05, (5) a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for the delivery of American Depositary Shares pursuant to
Section 2.03, 4.03 or 4.04 and the surrender of American Depositary Shares pursuant to Section 2.05 or 6.02, (6) a fee of $.02 or less per American Depositary Share (or portion thereof) for any cash distribution made pursuant to this
Deposit Agreement, including, but not limited to Sections 4.01 through 4.04 hereof, (7) a fee for the distribution of securities pursuant to Section 4.02, such fee being in an amount equal to the fee for the execution and delivery of
American Depositary Shares referred to above which would have been charged as a result of the deposit of such securities (for purposes of this clause 7 treating all such securities as if they were Shares) but which securities are instead distributed
by the Depositary to Owners, (8) in addition to any fee charged under clause 6, a fee of $.02 or less per American Depositary Share (or portion thereof) per annum for depositary services, which will be payable as provided in clause 9 below, and
(9) any other charges payable by the Depositary, any of the Depositary’s agents, including the Custodian, or the agents of the Depositary’s agents in connection with the servicing of Shares or other Deposited Securities (which charge
shall be assessed against Owners as of the date or dates set by the Depositary in accordance with Section 4.06 and shall be payable at the sole discretion of the Depositary by billing such Owners for such charge or by deducting such charge from
one or more cash dividends or other cash distributions). 
 The Depositary, subject to Section 2.09 hereof, may own and deal in any
class of securities of the Company and its affiliates and in American Depositary Shares. 
 SECTION 5.10 Retention of Depositary
Documents. 
 The Depositary is authorized to destroy those documents, records, bills and other data compiled during the term of this
Deposit Agreement at the times permitted by the laws or regulations governing the Depositary unless the Company requests that such papers be retained for a longer period or turned over to the Company or to a successor depositary. 
  

 23 

 SECTION 5.11 Exclusivity. 
 The Company agrees not to appoint any other depositary for issuance of American or global depositary shares or receipts so long as JPMorgan Chase Bank,
N.A. is acting as Depositary hereunder. 
 SECTION 5.12 List of Restricted Securities Owners. 
 From time to time, the Company shall provide to the Depositary a list setting forth, to the actual knowledge of the Company, those persons or entities who
beneficially own Restricted Securities and the Company shall update that list on a regular basis. The Company agrees to advise in writing each of the persons or entities so listed that such Restricted Securities are ineligible for deposit hereunder.
The Depositary may rely on such a list or update but shall not be liable for any action or omission made in reliance thereon. 
 ARTICLE 6.

 AMENDMENT AND TERMINATION 
 SECTION 6.01 Amendment. 
 The form of the Receipts and any provisions of this Deposit Agreement may at any time and from time
to time be amended by agreement between the Company and the Depositary without the consent of Owners or holders in any respect which they may deem necessary or desirable. Any amendment which shall impose or increase any fees or charges (other than
taxes and other governmental charges, registration fees, cable, telex or facsimile transmission costs, delivery costs or other such expenses), or which shall otherwise prejudice any substantial existing right of Owners, shall, however, not become
effective as to outstanding American Depositary Shares until the expiration of 30 days after notice of such amendment shall have been given to the Owners of outstanding American Depositary Shares. Every Owner and holder, at the time any amendment so
becomes effective, shall be deemed, by continuing to hold such American Depositary Shares or any interest therein, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment
impair the right of the Owner to surrender American Depositary Shares and receive therefor the Deposited Securities represented thereby, except in order to comply with mandatory provisions of applicable law. 
 SECTION 6.02 Termination. 
 The
Company may at any time terminate this Deposit Agreement by instructing the Depositary to mail a notice of termination to the Owners of all American Depositary Shares then outstanding at least 30 days prior to the termination date included in such
notice. The Depositary may likewise terminate this Deposit Agreement if at any time 60 days shall have expired after the Depositary delivered to the Company a written resignation notice and if a successor depositary shall not have been appointed and
accepted its appointment as provided in Section 5.04; in such case the Depositary shall mail a notice of termination to the Owners of all American Depositary Shares then outstanding at least 30 days prior to the termination date. On and after
the date of termination, the Owner of American Depositary Shares will, upon (a) surrender of such American Depositary Shares, (b) payment of the fee of the Depositary for the surrender of American Depositary Shares referred to in
Section 2.05, and (c) payment of any applicable taxes or governmental 

  

 24 

 
charges, be entitled to delivery, to him or upon his order, of the amount of Deposited Securities represented by those American Depositary Shares. If any
American Depositary Shares shall remain outstanding after the date of termination, the Depositary thereafter shall discontinue the registration of transfers of American Depositary Shares, shall suspend the distribution of dividends to the Owners
thereof, and shall not give any further notices or perform any further acts under this Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions pertaining to Deposited Securities, shall sell rights
and other property as provided in this Deposit Agreement, and shall continue to deliver Deposited Securities, together with any dividends or other distributions received with respect thereto and the net proceeds of the sale of any rights or other
property, upon surrender of American Depositary Shares (after deducting, in each case, the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of such American Depositary Shares in
accordance with the terms and conditions of this Deposit Agreement, and any applicable taxes or governmental charges). 
 At any time after
the expiration of six months from the date of termination, the Depositary may sell the Deposited Securities then held hereunder and may thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it under
this Deposit Agreement, unsegregated and without liability for interest, for the pro rata benefit of the Owners of American Depositary Shares that have not theretofore been surrendered, such Owners thereupon becoming general creditors of the
Depositary with respect to such net proceeds. After making such sale, the Depositary shall be discharged from all obligations under this Deposit Agreement, except for its obligations to the Company under Section 5.08 and to account for such net
proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of such American Depositary Shares in accordance with the terms and
conditions of this Deposit Agreement, and any applicable taxes or governmental charges. Upon the termination of this Deposit Agreement, the Company shall be discharged from all obligations under this Deposit Agreement except for its obligations to
the Depositary under Sections 5.08 and 5.09. 
 ARTICLE 7. 
 MISCELLANEOUS 
 SECTION 7.01 Counterparts. 
 This Deposit Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of such counterparts shall
constitute one and the same instrument. Copies of this Deposit Agreement shall be filed with the Depositary and the Custodians and shall be open to inspection by any Owner or Holder during business hours. 
 SECTION 7.02 No Third Party Beneficiaries. 
 This Deposit Agreement is for the exclusive benefit of the parties hereto and shall not be deemed to give any legal or equitable right, remedy or claim whatsoever to any other person. 
  

 25 

 SECTION 7.03 Severability. 
 In case any one or more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein or therein shall in no way be affected, prejudiced or disturbed thereby. 
 SECTION 7.04 Owners and Holders as Parties; Binding Effect. 
 The Owners and Holders from time to time shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions hereof and of the Receipts by acceptance of American Depositary Shares or any
interest therein issued in accordance with the terms and conditions of the Deposit Agreement and shall be deemed for all purposes to (a) be a party to and bound by the terms of the Deposit Agreement and the applicable Receipt(s), and
(b) appoint the Depositary its attorney-in-fact, with full power to delegate, to act on its behalf and to take any and all actions contemplated in the Deposit Agreement and the applicable Receipt(s), to adopt any and all procedures necessary to
comply with applicable law and to take such action as the Depositary in its sole discretion may deem necessary or appropriate to carry out the purposes of the Deposit Agreement and the applicable Receipt(s), the taking of such actions to be the
conclusive determinant of the necessity and appropriateness thereof. 
 SECTION 7.05 Notices. 
 Any and all notices to be given to the Company shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or
facsimile transmission confirmed by letter, addressed to GCL Silicon Technology Holdings Inc., 36/F Two Exchange Square, Central, Hong Kong or any other place to which the Company may have transferred its principal office with notice to the
Depositary. 
 Any and all notices to be given to the Depositary shall be deemed to
have been duly given if in English and personally delivered or sent by mail or cable, telex or facsimile transmission confirmed by letter, addressed to JPMorgan Chase Bank, N.A., 4 New York Plaza, 13th Floor, New York, New York 10004, Attention: American Depositary Receipt Administration, or any other place to which the Depositary may have transferred the
Depositary’s Office. 
 Any and all notices to be given to any Owner shall be deemed to have been duly given if personally delivered or
sent by mail or cable, telex or facsimile transmission confirmed by letter, addressed to such Owner at the address of such Owner as it appears on the transfer books for American Depositary Shares of the Depositary, or, if such Owner shall have filed
with the Depositary a written request that notices intended for such Owner be mailed to some other address, at the address designated in such request. 
 Delivery of a notice sent by mail or cable, telex or facsimile transmission shall be deemed to be effected at the time when a duly addressed letter containing the same (or a confirmation thereof in the case of a
cable, telex or facsimile transmission) is deposited, postage prepaid, in a post-office letter box. The Depositary or the Company may, however, act upon any cable, telex or facsimile transmission received by it, notwithstanding that such cable,
telex or facsimile transmission shall not subsequently be confirmed by letter as aforesaid. 
  

 26 

 SECTION 7.06 Governing Law. 
 This Deposit Agreement and the Receipts shall be interpreted and all rights hereunder and thereunder and provisions hereof and thereof shall be governed
by the laws of the State of New York. 
 SECTION 7.07 Compliance with U.S. Securities Laws. 
 Notwithstanding anything in this Deposit Agreement to the contrary, the Company and the Depositary each agrees that it will not exercise any rights it has
under this Deposit Agreement to permit the withdrawal or delivery of Deposited Securities in a manner which would violate the U.S. securities laws, including, but not limited to, Section I.A.(1) of the General Instructions to the Form F-6
Registration Statement, as amended from time to time, under the Securities Act. 
 SECTION 7.08 Consent to Jurisdiction. 

The Company irrevocably agrees that any legal suit, action or proceeding against the Company
brought by the Depositary or any Holder, arising out of or based upon this Deposit Agreement or the transactions contemplated hereby, shall be instituted in any state or federal court in New York, New York, and irrevocably waives any objection which
it may now or hereafter have to the laying of venue of any such proceeding, and, subject to the last sentence of this paragraph, irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. The Company
also irrevocably agrees that any legal suit, action or proceeding against the Depositary brought by the Company, arising out of or based upon this Deposit Agreement or the transactions contemplated hereby, may only be instituted in a state or
federal court in New York, New York and irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding and irrevocably waives any objection which it may have or hereinafter have to the laying of venue of any
such proceeding. The Company has appointed CT Corporation System, 111 Eighth Avenue, 13th Floor, New York City, in the State of New York, as its
authorized agent (the “Authorized Agent”) upon which process may be served in any such action arising out of or based on this Deposit Agreement or the transactions contemplated hereby which may be instituted in any state or federal court
in New York, New York by the Depositary or any Holder, and waives any other requirements of or objections to personal jurisdiction with respect thereto. The Company represents and warrants that the Authorized Agent has agreed to act as said agent
for service of process, and the Company agrees to take any and all action, including the filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid. Service of process
upon the Authorized Agent and written notice of such service to the Company shall be deemed, in every respect, effective service of process upon the Company. If, for any reason, the Authorized Agent named above or its successor shall no longer serve
as agent of the Company to receive service of process in New York, the Company shall promptly appoint a successor acceptable to the Depositary, so as to serve and will promptly advise the Depositary thereof. In the event the Company fails to
continue such 

  

 27 

 
designation and appointment in full force and effect, the Company hereby waives personal service of process upon it and consents that any such service of
process may be made by certified or registered mail, return receipt requested, directed to the Company at its address last specified for notices hereunder, and service so made shall be deemed completed five (5) days after the same shall have
been so mailed. Notwithstanding the foregoing, the Depositary and Holders may commence actions to enforce judgments issued by New York courts or other orders of such New York courts against the Company in any competent court in the People’s
Republic of China, the Cayman Islands or any other jurisdiction in which the Company may be found. 
 EACH PARTY TO THIS DEPOSIT AGREEMENT
(INCLUDING, FOR AVOIDANCE OF DOUBT, EACH OWNER AND HOLDER) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING AGAINST THE COMPANY AND/OR THE
DEPOSITARY DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES, THE AMERICAN DEPOSITARY SHARES OR THE RECEIPTS, THE DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH HEREOF
OR THEREOF, INCLUDING WITHOUT LIMITATION ANY QUESTION REGARDING EXISTENCE, VALIDITY OR TERMINATION (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 
 SECTION 7.07 Waiver of Immunities. 
 To the extent that the Company or any of its properties, assets
or revenues may have or may hereafter become entitled to, or have attributed to it, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof,
from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution or judgment, or from execution of judgment, or other legal process or proceeding
for the giving of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection
with the Shares or Deposited Securities, the American Depositary Shares, the Receipts or this Deposit Agreement, the Company, to the fullest extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim,
any such immunity and consents to such relief and enforcement. 
  

 28 

 IN WITNESS WHEREOF, GCL SILICON TECHNOLOGY HOLDINGS INC. and JPMORGAN CHASE BANK, N.A. have duly executed
this Deposit Agreement as of the day and year first set forth above and all Owners and Holders shall become parties hereto upon acceptance by them of American Depositary Shares or any interest therein. 
  

			
	GCL SILICON TECHNOLOGY HOLDINGS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, N.A.,
 as Depositary

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 29 

 EXHIBIT A 
 AMERICAN DEPOSITARY SHARES 
 (Each American Depositary Share represents four (4) deposited
Shares) 
 JPMORGAN CHASE BANK, N.A. 
 AMERICAN DEPOSITARY RECEIPT 
 FOR ORDINARY SHARES 
 OF 
 GCL SILICON TECHNOLOGY HOLDINGS INC.

 (INCORPORATED UNDER THE LAWS OF the Cayman Islands) 
 JPMorgan Chase Bank, N.A. as depositary (hereinafter called the “Depositary”), hereby certifies that
                                        ,
or registered assigns IS THE OWNER OF
                                        

 AMERICAN DEPOSITARY SHARES 
 representing
deposited ordinary shares (herein called “Shares”) of GCL Silicon Technology Holdings Inc., incorporated under the laws of the Cayman Islands (herein called the “Company”). At the date hereof, each American Depositary Share
represents four (4) Shares deposited or subject to deposit under the Deposit Agreement (as such term is hereinafter defined) at the office of the Custodian appointed under the Deposit Agreement (herein called the “Custodian”).

 THE DEPOSITARY’S OFFICE ADDRESS IS 
 4 NEW YORK PLAZA, 13TH FLOOR, NEW YORK, N.Y. 10004 
  

 A-1 

 1. THE DEPOSIT AGREEMENT. 
 This American Depositary Receipt is one of an issue (herein called “Receipts”), all issued and to be issued upon the terms and conditions set forth in the deposit agreement, dated as of , 2008 (herein called
the “Deposit Agreement”), by and among the Company, the Depositary, and all Owners and holders from time to time of American Depositary Shares issued thereunder, each of whom by accepting American Depositary Shares agrees to become a party
thereto and become bound by all the terms and conditions thereof. The Deposit Agreement sets forth the rights of Owners and holders and the rights and duties of the Depositary in respect of the Shares deposited thereunder and any and all other
securities, property and cash from time to time received in respect of such Shares and held thereunder (such Shares, securities, property, and cash are herein called “Deposited Securities”). Copies of the Deposit Agreement are on file at
the Depositary’s Office in New York City and at the office of the Custodian. 
 The statements made on the face and reverse of this
Receipt are summaries of certain provisions of the Deposit Agreement and are qualified by and subject to the detailed provisions of the Deposit Agreement, to which reference is hereby made. Capitalized terms defined in the Deposit Agreement and not
defined herein shall have the meanings set forth in the Deposit Agreement. 
 2. SURRENDER OF RECEIPTS AND WITHDRAWAL OF SHARES. 

Upon surrender at the Depositary’s Office of American Depositary Shares, and upon payment of the fee of the Depositary provided in this Receipt,
and subject to the terms and conditions of the Deposit Agreement, the Owner of those American Depositary Shares is entitled to delivery, to him or as instructed, of the amount of Deposited Securities at the time represented by those American
Depositary Shares. Such delivery will be made at the option of the Owner hereof, either at the office of the Custodian or at the Depositary’s Office, provided that the forwarding of certificates for Shares or other Deposited Securities for such
delivery at the Depositary’s Office shall be at the risk and expense of the Owner hereof. 
 3. TRANSFERS, SPLIT-UPS, AND COMBINATIONS
OF RECEIPTS. 
 Transfers of American Depositary Shares may be registered on the books of the Depositary upon (i) in the case of
certificated American Depositary Shares, surrender of the Receipt evidencing those American Depositary Shares, by the Owner in person or by a duly authorized attorney, properly endorsed or accompanied by proper instruments of transfer or
(ii) in the case of uncertificated American Depositary Shares, receipt from the Owner of a proper instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.10), and, in either case,
duly stamped as may be required by the laws of the State of New York and of the United States of America and upon payment of funds for any applicable transfer taxes and the expenses of the Depositary and upon compliance with such regulations, if
any, as the Depositary may establish for such purpose. This Receipt may be split into other such Receipts, or may be combined with other such Receipts into one Receipt, evidencing the same aggregate number of American Depositary Shares as the
Receipt or Receipts surrendered. The Depositary, upon surrender of a Receipt for the purpose of exchanging for uncertificated American Depositary Shares, shall cancel that Receipt and send the Owner a statement confirming 

  

 A-2 

 
that the Owner is the Owner of the same number of uncertificated American Depositary Shares that the surrendered Receipt evidenced. The Depositary, upon
receipt of a proper instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.10 of the Deposit Agreement) from the Owner of uncertificated American Depositary Shares for the purpose of
exchanging for certificated American Depositary Shares, shall execute and deliver to the Owner a Receipt evidencing the same number of certificated American Depositary Shares. As a condition precedent to the delivery, registration of transfer, or
surrender of any American Depositary Shares or split-up or combination of any Receipt or withdrawal of any Deposited Securities, the Depositary, the Custodian, or Registrar may require payment from the depositor of the Shares or the presenter of the
Receipt or instruction for registration of transfer or surrender of American Depositary Shares not evidenced by a Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with
respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in the Deposit Agreement, may require the production of proof satisfactory to it as to the
identity and genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of the Deposit Agreement. 
 The delivery of American Depositary Shares against deposit of Shares generally or against deposit of particular Shares may be suspended, or the transfer
of American Depositary Shares in particular instances may be refused, or the registration of transfer of outstanding American Depositary Shares generally may be suspended, during any period when the transfer books of the Depositary are closed, or if
any such action is deemed necessary or advisable by the Depositary or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or commission, or under any provision of the Deposit
Agreement, or for any other reason, subject to the provisions of the following sentence. Notwithstanding anything to the contrary in the Deposit Agreement or this Receipt, the surrender of outstanding American Depositary Shares and withdrawal of
Deposited Securities may not be suspended subject only to (i) temporary delays caused by closing the transfer books of the Depositary or the Company or the Foreign Registrar, if applicable, or the deposit of Shares in connection with voting at
a shareholders’ meeting, or the payment of dividends, (ii) the payment of fees, taxes and similar charges, and (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the American Depositary Shares or to
the withdrawal of the Deposited Securities. Without limitation of the foregoing, the Depositary shall not knowingly accept for deposit under the Deposit Agreement any Shares which would be required to be registered under the provisions of the
Securities Act of 1933 for public offer and sale in the United States, unless a registration statement is in effect as to such Shares for such offer and sale. 
 4. LIABILITY OF OWNER FOR TAXES. 
 If any tax or other governmental charge shall become payable with respect
to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner to the Depositary. The Depositary may refuse to register any transfer of
those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner
any part or all of the Deposited Securities represented by those 

  

 A-3 

 
American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental
charge and the Owner shall remain liable for any deficiency. 
 5. WARRANTIES ON DEPOSIT OF SHARES. 
 Every person depositing Shares under the Deposit Agreement shall be deemed thereby to represent and warrant, that such Shares and each certificate
therefor, if applicable, are validly issued, fully paid, nonassessable and free of any preemptive rights of the holders of outstanding Shares and that the person making such deposit is duly authorized so to do. Every such person shall also be deemed
to represent that the deposit of such Shares and the sale of American Depositary Shares representing such Shares by that person are not restricted under the Securities Act of 1933. Such representations and warranties shall survive the deposit of
Shares and delivery of American Depositary Shares. 
 6. FILING PROOFS, CERTIFICATES, AND OTHER INFORMATION. 
 Any person presenting Shares for deposit or any Owner or holder may be required from time to time to file with the Depositary or the Custodian such proof
of citizenship or residence, exchange control approval, or such information relating to the registration on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations and
warranties, as the Depositary may deem necessary or proper. The Depositary may withhold the delivery or registration of transfer of any American Depositary Shares or the distribution of any dividend or sale or distribution of rights or of the
proceeds thereof or the delivery of any Deposited Securities until such proof or other information is filed or such certificates are executed or such representations and warranties made. If requested in writing, the Depositary shall, as promptly as
practicable, provide the Company, at the expense of the Company, with copies of any such proofs, certificates or other information it receives pursuant to this section, unless prohibited by applicable law. No Share shall be accepted for deposit
unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by any governmental body in the Cayman Islands, which is then performing the function of the regulation of currency exchange. 
 7. CHARGES OF DEPOSITARY. 
 The following
charges shall be incurred by any party depositing or withdrawing Shares or by any party surrendering American Depositary Shares or to whom American Depositary Shares are issued (including, without limitation, issuance pursuant to a stock dividend or
stock split declared by the Company or an exchange of stock regarding the American Depositary Shares or Deposited Securities or a delivery of American Depositary Shares pursuant to Section 4.03 of the Deposit Agreement), or by Owners, as
applicable: (1) taxes and other governmental charges, (2) such registration fees as may from time to time be in effect for the registration of transfers of Shares generally on the Share register of the Company or Foreign Registrar and
applicable to transfers of Shares to or from the name of the Depositary or its nominee or the Custodian or its nominee on the making of deposits or withdrawals under the terms of the Deposit Agreement, (3) such cable, telex and facsimile
transmission expenses as are expressly provided in the Deposit Agreement, (4) such expenses as are incurred by the Depositary in the conversion of foreign currency pursuant to 

  

 A-4 

 
Section 4.05 of the Deposit Agreement, (5) a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for the delivery of
American Depositary Shares pursuant to Section 2.03, 4.03 or 4.04 of the Deposit Agreement and the surrender of American Depositary Shares pursuant to Section 2.05 or 6.02 of the Deposit Agreement, (6) a fee of $.02 or less per
American Depositary Share (or portion thereof) for any cash distribution made pursuant to the Deposit Agreement, including, but not limited to Sections 4.01 through 4.04 of the Deposit Agreement, (7) a fee for the distribution of securities
pursuant to Section 4.02 of the Deposit Agreement, such fee being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above which would have been charged as a result of the deposit of such
securities (for purposes of this clause 7 treating all such securities as if they were Shares) but which securities are instead distributed by the Depositary to Owners, (8) in addition to any fee charged under clause 6, a fee of $.02 or
less per American Depositary Share (or portion thereof) per annum for depositary services, which will be payable as provided in clause 9 below, and (9) any other charges payable by the Depositary, any of the Depositary’s agents, including
the Custodian, or the agents of the Depositary’s agents in connection with the servicing of Shares or other Deposited Securities (which charge shall be assessed against Owners as of the date or dates set by the Depositary in accordance with
Section 4.06 of the Deposit Agreement and shall be payable at the sole discretion of the Depositary by billing such Owners for such charge or by deducting such charge from one or more cash dividends or other cash distributions). 
 The Depositary, subject to Article 8 hereof, may own and deal in any class of securities of the Company and its affiliates and in American Depositary
Shares. 
 8. PRE-RELEASE OF RECEIPTS. 
 Notwithstanding Section 2.03 of the Deposit Agreement, the Depositary may deliver American Depositary Shares prior to the receipt of Shares pursuant to Section 2.02 of the Deposit Agreement (a “Pre-Release”). The
Depositary may, pursuant to Section 2.05 of the Deposit Agreement, deliver Shares upon the surrender of American Depositary Shares that have been Pre-Released, whether or not such cancellation is prior to the termination of such Pre-Release or
the Depositary knows that such American Depositary Shares have been Pre-Released. The Depositary may receive American Depositary Shares in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release will be (a) preceded or accompanied by
a written representation from the person to whom American Depositary Shares or Shares are to be delivered, that such person, or its customer, owns the Shares or American Depositary Shares to be remitted, as the case may be, (b) at all times
fully collateralized with cash, U.S. government securities or such other collateral as the Depositary determines, in good faith, will provide substantially similar liquidity and security, (c) terminable by the Depositary on not more than five
(5) business days notice, and (d) subject to such further indemnities and credit regulations as the Depositary deems appropriate. The number of Shares represented by American Depositary Shares which are outstanding at any time as a result
of Pre-Release will not normally exceed thirty percent (30%) of the Shares deposited under the Deposit Agreement; provided, however, that the Depositary reserves the right to change or disregard such limit from time to time as it deems
appropriate, and may, with the prior written consent of the Company, change such limit for purposes of general application. 
  

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 The Depositary may retain for its own account any compensation received by it in connection with the
foregoing. 
 9. TITLE TO RECEIPTS. 
 It is a condition of this Receipt and every successive Owner and Holder of this Receipt by accepting or holding the same consents and agrees that when properly endorsed or accompanied by proper instruments of transfer, shall be transferable
as certificated registered securities under the laws of New York. American Depositary Shares not evidenced by Receipts shall be transferable as uncertificated registered securities under the laws of New York. The Depositary, notwithstanding any
notice to the contrary, may treat the Owner of American Depositary Shares as the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends or other distributions or to any notice provided for in the
Deposit Agreement and for all other purposes. 
 10. VALIDITY OF RECEIPT. 
 This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have
been executed by the Depositary by the manual signature of a duly authorized signatory of the Depositary; provided, however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such
Receipts are countersigned by the manual signature of a duly authorized officer of the Registrar. 
 11. REPORTS; INSPECTION OF TRANSFER
BOOKS. 
 The Company is subject to the periodic reporting requirements of the Securities Exchange Act of 1934 and, accordingly, files certain
reports with the Securities and Exchange Commission. Such materials will either be available for inspection and copying at the public reference facilities maintained by the Commission located at 100 F Street, N.E., Washington, D.C. 20549.

 The Depositary will make available for inspection by Owners at the Depositary’s Office any reports, notices and other communications,
including any proxy soliciting material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited Securities and (b) made generally available to the holders of such Deposited Securities by the
Company. The Depositary will also, upon written request by the Company, send to Owners copies of such reports when furnished by the Company pursuant to the Deposit Agreement. Any such reports and communications, including any such proxy soliciting
material, furnished to the Depositary by the Company shall be furnished in English to the extent such materials are required to be translated into English pursuant to any regulations of the Commission. 
 The Depositary will keep books for the registration of American Depositary Shares and transfers of American Depositary Shares which at all reasonable
times shall be open for inspection by the Owners, provided that such inspection shall not be for the purpose of communicating with Owners in the interest of a business or object other than the business of the Company or a matter related to the
Deposit Agreement or the American Depositary Shares. 
  

 A-6 

 12. DIVIDENDS AND DISTRIBUTIONS. 
 Whenever the Depositary receives any cash dividend or other cash distribution on any Deposited Securities, the Depositary will, if at the time of receipt
thereof any amounts received in a foreign currency can in the judgment of the Depositary be converted on a reasonable basis into United States dollars transferable to the United States, and subject to the Deposit Agreement, convert such dividend or
distribution into dollars and will distribute the amount thus received (net of the fees and expenses of the Depositary as provided in Article 7 hereof and Section 5.09 of the Deposit Agreement) to the Owners entitled thereto; provided,
however, that in the event that the Company or the Depositary is required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes or other
governmental charges, the amount distributed to the Owners of the American Depositary Shares representing such Deposited Securities shall be reduced accordingly. 
 Subject to the provisions of Section 4.11 and 5.09 of the Deposit Agreement, whenever the Depositary receives any distribution other than a distribution described in Section 4.01, 4.03 or 4.04 of the Deposit
Agreement, the Depositary will cause the securities or property received by it to be distributed to the Owners entitled thereto, in any manner that the Depositary may deem equitable and practicable for accomplishing such distribution;
provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners of Receipts entitled thereto, or if for any other reason the Depositary deems such distribution not to be
feasible, the Depositary may adopt such method as it may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited to, the public or private sale of the securities or property thus received, or any
part thereof, and the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided in Article 7 hereof and Section 5.09 of the Deposit Agreement) will be distributed by the Depositary to the Owners of Receipts
entitled thereto all in the manner and subject to the conditions described in Section 4.01 of the Deposit Agreement. The Depositary may sell, by public or private sale, an amount of securities or other property it would otherwise distribute
under this Article that is sufficient to pay its fees and expenses in respect of that distribution. 
 If any distribution consists of a
dividend in, or free distribution of, Shares, the Depositary may deliver to the Owners entitled thereto, an aggregate number of American Depositary Shares representing the amount of Shares received as such dividend or free distribution, subject to
the terms and conditions of the Deposit Agreement with respect to the deposit of Shares and after deduction or upon issuance of American Depositary Shares, including the withholding of any tax or other governmental charge as provided in
Section 4.11 of the Deposit Agreement and the payment of the fees and expenses of the Depositary as provided in Article 7 hereof and Section 5.09 of the Deposit Agreement (and the Depositary may sell, by public or private sale, an amount
of Shares received sufficient to pay its fees and expenses in respect of that distribution). In lieu of delivering fractional American Depositary Shares in any such case, the Depositary will sell the amount of Shares represented by the aggregate of
such fractions and distribute the net proceeds, all in the manner and subject to the conditions described in Section 4.01 of the Deposit Agreement. If additional American Depositary Shares are not so delivered, each American Depositary Share
shall thenceforth also represent the additional Shares distributed upon the Deposited Securities represented thereby. 
  

 A-7 

 The Company or its agent will remit to the appropriate governmental agencies in the Cayman Islands and
the People’s Republic of China all amounts withheld and owing to such agencies. The Depositary will forward to the Company or its agent such information from its records as the Company may reasonably request to enable the Company or its agent
to file necessary reports with governmental agencies, and the Depositary or the Company or its agent may file any such reports necessary to obtain benefits under the applicable tax treaties for the Owners of Receipts. In the event that the
Depositary determines that any distribution in property (including Shares and rights to subscribe therefor) is subject to any tax or other governmental charge which the Depositary is obligated to withhold, the Depositary may by public or private
sale dispose of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner as the Depositary deems necessary and practicable to pay any such taxes or charges, and the Depositary shall
distribute the net proceeds of any such sale after deduction of such taxes or charges to the Owners of Receipts entitled thereto. 
 13.
RIGHTS. 
 In the event that the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe
for additional Shares or any rights of any other nature, the Depositary shall have discretion as to the procedure to be followed in making such rights available to any Owners or in disposing of such rights on behalf of any Owners and making the net
proceeds available to such Owners or, if by the terms of such rights offering or for any other reason, the Depositary may not either make such rights available to any Owners or dispose of such rights and make the net proceeds available to such
Owners, then the Depositary shall allow the rights to lapse. If at the time of the offering of any rights the Depositary determines in its discretion that it is lawful and feasible to make such rights available to all or certain Owners but not to
other Owners, the Depositary may distribute to any Owner to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary Shares held by such Owner, warrants or other instruments therefor in such
form as it deems appropriate. 
 In circumstances in which rights would otherwise not be distributed, if an Owner requests the distribution
of warrants or other instruments in order to exercise the rights allocable to the American Depositary Shares of such Owner under the Deposit Agreement, the Depositary will make such rights available to such Owner upon written notice from the Company
to the Depositary that (a) the Company has elected in its sole discretion to permit such rights to be exercised and (b) such Owner has executed such documents as the Company has determined in its sole discretion are reasonably required
under applicable law. 
 If the Depositary has distributed warrants or other instruments for rights to all or certain Owners, then upon
instruction from such an Owner pursuant to such warrants or other instruments to the Depositary from such Owner to exercise such rights, upon payment by such Owner to the Depositary for the account of such Owner of an amount equal to the purchase
price of the Shares to be received upon the exercise of the rights, and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants or other instruments, the Depositary shall, on behalf of such Owner,
exercise the rights and purchase the Shares, and the Company shall cause the Shares so purchased to be delivered to the Depositary on behalf of such Owner. As agent for such Owner, the Depositary will cause the Shares so purchased to be deposited
pursuant to Section 2.02 of the Deposit Agreement, 

  

 A-8 

 
and shall, pursuant to Section 2.03 of the Deposit Agreement, deliver American Depositary Shares to such Owner. In the case of a distribution pursuant
to the second paragraph of this Article 13, such deposit shall be made, and Deposited Securities shall be delivered, under depositary arrangements which provide for issuance of Deposited Securities subject to the appropriate restrictions on sale,
deposit, cancellation, and transfer under applicable United States laws. 
 If the Depositary determines that it is not lawful and feasible
to make such rights available to all or certain Owners, it may sell the rights, warrants or other instruments in proportion to the number of American Depositary Shares held by the Owners to whom it has determined it may not lawfully or feasibly make
such rights available, and allocate the net proceeds of such sales (net of the fees and expenses of the Depositary as provided in Section 5.09 of the Deposit Agreement and all taxes and governmental charges payable in connection with such
rights and subject to the terms and conditions of the Deposit Agreement) for the account of such Owners otherwise entitled to such rights, warrants or other instruments, upon an averaged or other practical basis without regard to any distinctions
among such Owners because of exchange restrictions or the date of delivery of any American Depositary Shares or otherwise. 
 The Depositary
will not offer rights to Owners unless both the rights and the securities to which such rights relate are either exempt from registration under the Securities Act of 1933 with respect to a distribution to all Owners or are registered under the
provisions of such Act; provided, that nothing in the Deposit Agreement shall create any obligation on the part of the Company to file a registration statement with respect to such rights or underlying securities or to endeavor to have such a
registration statement declared effective. If an Owner requests the distribution of warrants or other instruments, notwithstanding that there has been no such registration under the Securities Act of 1933, the Depositary shall not effect such
distribution unless it has received an opinion from recognized counsel in the United States for the Company upon which the Depositary may rely that such distribution to such Owner is exempt from such registration. 
 The Depositary shall not be responsible for any failure to determine that it may be lawful or feasible to make such rights available to Owners in general
or any Owner in particular. 
 14. CONVERSION OF FOREIGN CURRENCY. 
 Whenever the Depositary or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of
securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can in the judgment of the Depositary be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United
States, the Depositary shall convert or cause to be converted by sale or in any other manner that it may determine, such foreign currency into Dollars, and such Dollars shall be distributed to the Owners entitled thereto or, if the Depositary shall
have distributed any warrants or other instruments which entitle the holders thereof to such Dollars, then to the holders of such warrants and/or instruments upon surrender thereof for cancellation. Such distribution may be made upon an averaged or
other practicable basis without regard to any distinctions among Owners on account of exchange restrictions, the date of delivery of any American Depositary Shares or otherwise and shall be net of any expenses of conversion into Dollars incurred by
the Depositary as provided in Section 5.09 of the Deposit Agreement. 
  

 A-9 

 If such conversion or distribution can be effected only with the approval or license of any government or
agency thereof, the Depositary may file such application for approval or license, if any, as it may deem desirable. 
 If at any time the
Depositary shall determine that in its judgment any foreign currency received by the Depositary or the Custodian is not convertible on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government
or agency thereof which is required for such conversion is denied or in the opinion of the Depositary is not obtainable, or if any such approval or license is not obtained within a reasonable period as determined by the Depositary, or if there are
foreign exchange controls in place that prohibit such conversion, the Depositary may distribute the foreign currency (or an appropriate document evidencing the right to receive such foreign currency) received by the Depositary to, or in its
discretion may hold such foreign currency uninvested and without liability for interest thereon for the respective accounts of, the Owners entitled to receive the same. 
 If any such conversion of foreign currency, in whole or in part, cannot be effected for distribution to some of the Owners entitled thereto, the Depositary may in its discretion make such conversion and distribution
in Dollars to the extent permissible to the Owners entitled thereto and may distribute the balance of the foreign currency received by the Depositary to, or hold such balance uninvested and without liability for interest thereon for the respective
accounts of, the Owners entitled thereto. 
 15. RECORD DATES. 
 Whenever any cash dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or whenever rights shall be issued with respect to the Deposited Securities, or whenever
the Depositary shall receive notice of any meeting of holders of Shares or other Deposited Securities, or whenever for any reason the Depositary causes a change in the number of Shares that are represented by each American Depositary Share, or
whenever the Depositary shall find it necessary or convenient, the Depositary shall fix a record date, which date shall be the same date, to the extent practicable, as the record date for the Deposited Securities or if different, as close thereto as
practicable (a) for the determination of the Owners who shall be (i) entitled to receive such dividend, distribution or rights or the net proceeds of the sale thereof, (ii) entitled to give instructions for the exercise of voting
rights at any such meeting or (iii) responsible for any fee or charge assessed by the Depositary pursuant to the Deposit Agreement, (b) on or after which each American Depositary Share will represent the changed number of Shares or
(c) for any other matter, subject to the provisions of the Deposit Agreement. 
 16. VOTING OF DEPOSITED SECURITIES. 
 Upon receipt of notice of any meeting of holders of Shares or other Deposited Securities, if requested in writing by the Company, the Depositary shall, as
soon as practicable thereafter, mail to the Owners of Receipts a notice, the form of which notice shall be in the sole discretion of the Depositary, which shall contain (a) such information as is contained in such notice of meeting 

  

 A-10 

 
received by the Depositary from the Company, (b) a statement that the Owners as of the close of business on a specified record date will be entitled,
subject to any applicable provision of law and of the articles of association or similar document of the Company, to instruct the Depositary as to the exercise of the voting rights, if any, pertaining to the amount of Shares or other Deposited
Securities represented by their respective American Depositary Shares and (c) a statement as to the manner in which such instructions may be given. Upon the written request of an Owner on such record date, received on or before the date
established by the Depositary for such purpose, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Shares or other Deposited Securities represented by such American Depositary Shares in accordance with
the instructions set forth in such request. The Depositary shall not vote or attempt to exercise the right to vote that attaches to the Shares or other Deposited Securities, other than in accordance with such instructions. 
 There can be no assurance that Owners generally or any Owner in particular will receive the notice described in the preceding paragraph sufficiently
prior to the instruction cutoff date to ensure that the Depositary will vote the Shares or Deposited Securities in accordance with the provisions set forth in the preceding paragraph. 
 In order to give Owners a reasonable opportunity to instruct the Depositary as to the exercise of voting rights relating to Deposited Securities, if the
Company will request the Depositary to act under this Article, the Company shall give the Depositary notice of any such meeting and details concerning the matters to be voted upon not less than 45 days prior to the meeting date. 
 17. CHANGES AFFECTING DEPOSITED SECURITIES. 
 In circumstances where the provisions of Section 4.03 of the Deposit Agreement do not apply, upon any change in nominal value, change in par value, split-up, consolidation, or any other reclassification of Deposited Securities, or upon
any recapitalization, reorganization, merger or consolidation, or sale of assets affecting the Company or to which it is a party, or upon the redemption or cancellation by the Company of the Deposited Securities, any securities, cash or property
which shall be received by the Depositary or a Custodian in exchange for, in conversion of, in lieu of or in respect of Deposited Securities shall be treated as new Deposited Securities under the Deposit Agreement, and American Depositary Shares
shall thenceforth represent, in addition to the existing Deposited Securities, the right to receive the new Deposited Securities so received, unless additional Receipts are delivered pursuant to the following sentence. In any such case the
Depositary may execute and deliver additional Receipts as in the case of a dividend in Shares, or call for the surrender of outstanding Receipts to be exchanged for new Receipts specifically describing such new Deposited Securities. 
 18. LIABILITY OF THE COMPANY AND DEPOSITARY. 
 Neither the Depositary nor the Company nor any of their respective directors, employees, agents or affiliates shall incur any liability to any Owner or Holder, (i) if by reason of any provision of any present or future law or
regulation of the United States or any other country, or of any governmental or regulatory authority, or by reason of any provision, present or future, of the articles of 

  

 A-11 

 
association or similar document of the Company, or by reason of any provision of any securities issued or distributed by the Company, or any offering or
distribution thereof, or by reason of any act of God or war or terrorism or other circumstances beyond its control, the Depositary or the Company shall be prevented, delayed or forbidden from or be subject to any civil or criminal penalty on account
of doing or performing any act or thing which by the terms of the Deposit Agreement or the Deposited Securities it is provided shall be done or performed; (ii) by reason of any non-performance or delay, caused as aforesaid, in the performance
of any act or thing which by the terms of the Deposit Agreement it is provided shall or may be done or performed, (iii) by reason of any exercise of, or failure to exercise, any discretion provided for in the Deposit Agreement, (iv) for
the inability of any Owner or Holder to benefit from any distribution, offering, right or other benefit which is made available to holders of Deposited Securities but is not, under the terms of the Deposit Agreement, made available to Owners or
holders, or (v) for any special, consequential or punitive damages for any breach of the terms of the Deposit Agreement. Where, by the terms of a distribution pursuant to Section 4.01, 4.02 or 4.03 of the Deposit Agreement, or an offering
or distribution pursuant to Section 4.04 of the Deposit Agreement, such distribution or offering may not be made available to Owners of Receipts, and the Depositary may not dispose of such distribution or offering on behalf of such Owners and
make the net proceeds available to such Owners, then the Depositary shall not make such distribution or offering, and shall allow any rights, if applicable, to lapse. Neither the Company nor the Depositary assumes any obligation or shall be subject
to any liability under the Deposit Agreement to Owners or Holders, except that they agree to perform their obligations specifically set forth in the Deposit Agreement without gross negligence or bad faith. The Depositary shall not be subject to any
liability with respect to the validity or worth of the Deposited Securities. Neither the Depositary nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit, or other proceeding in respect of any Deposited
Securities or in respect of the American Depositary Shares, on behalf of any Owner or Holder or any other person. Neither the Depositary nor the Company shall be liable for any action or nonaction by it in reliance upon the advice of or information
from legal counsel, accountants, any person presenting Shares for deposit, any Owner or holder, or any other person believed by it in good faith to be competent to give such advice or information. The Depositary shall not be liable for any acts or
omissions made by a successor depositary whether in connection with a previous act or omission of the Depositary or in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that in connection with the
issue out of which such potential liability arises the Depositary performed its obligations without gross negligence or bad faith while it acted as Depositary. The Depositary shall not be responsible for any failure to carry out any instructions to
vote any of the Deposited Securities, or for the manner in which any such vote is cast( provided that any such action or nonaction is in good faith) or for the effect of any such vote. 
 Notwithstanding anything to the contrary set forth in the Deposit Agreement or any Receipt, the Depositary and its agents may fully respond to any and
all demands or requests for information maintained by or on its behalf in connection with the Deposit Agreement, any Holder(s) or Owner(s), any Receipt or Receipts or otherwise related hereto to the extent such information is requested or required
by or pursuant to any lawful authority, including without limitation laws, rules, regulations, administrative or judicial process, banking, securities or other regulators. Neither the Company nor the Depositary nor any of their respective agents
shall be liable to Holders or Owner for any indirect, special, punitive or consequential damages. 
  

 A-12 

 The Depositary shall not be liable for the acts or omissions made by any securities depository, clearing
agency or settlement system in connection with or arising out of book-entry settlement of Deposited Securities or otherwise. No disclaimer of liability under the Securities Act of 1933 is intended by any provision of the Deposit Agreement.

 19. RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN. 
 The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice
of its election so to do delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed
by the Company by 120 days prior written notice of such removal, to become effective upon the later of (i) the 120th day after delivery of the
notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary in its discretion may appoint a substitute or additional custodian or
custodians. 
 20. AMENDMENT. 
 The form of the Receipts and any provisions of the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and the Depositary without the consent of Owners or holders in any respect which they may
deem necessary or desirable. Any amendment which shall impose or increase any fees or charges (other than taxes and other governmental charges, registration fees, cable, telex or facsimile transmission costs, delivery costs or other such expenses),
or which shall otherwise prejudice any substantial existing right of Owners, shall, however, not become effective as to outstanding American Depositary Shares until the expiration of thirty days after notice of such amendment shall have been given
to the Owners of outstanding American Depositary Shares. Every Owner and holder of American Depositary Shares, at the time any amendment so becomes effective, shall be deemed, by continuing to hold such American Depositary Shares or any interest
therein, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment impair the right of the Owner to surrender American Depositary Shares and receive therefor the Deposited
Securities represented thereby, except in order to comply with mandatory provisions of applicable law. 
 21. TERMINATION OF DEPOSIT
AGREEMENT. 
 The Company may terminate the Deposit Agreement by instructing the Depositary to mail notice of termination to the Owners of all
American Depositary Shares then outstanding at least 30 days prior to the termination date included in such notice. The Depositary may likewise terminate the Deposit Agreement, if at any time 60 days shall have expired after the Depositary delivered
to the Company a written resignation notice and if a successor depositary shall not have been appointed and accepted its appointment as provided in the Deposit Agreement; in such case the Depositary shall mail a notice of termination to the Owners
of all American 

  

 A-13 

 
Depositary Shares then outstanding at least 30 days prior to the termination date. On and after the date of termination, the Owner of American Depositary
Shares will, upon (a) surrender of such American Depositary Shares, (b) payment of the fee of the Depositary for the surrender of American Depositary Shares referred to in Section 2.05, and (c) payment of any applicable taxes or
governmental charges, be entitled to delivery, to him or upon his order, of the amount of Deposited Securities represented by those American Depositary Shares. If any American Depositary Shares shall remain outstanding after the date of termination,
the Depositary thereafter shall discontinue the registration of transfers of American Depositary Shares, shall suspend the distribution of dividends to the Owners thereof, and shall not give any further notices or perform any further acts under the
Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions pertaining to Deposited Securities, shall sell rights and other property as provided in the Deposit Agreement, and shall continue to deliver
Deposited Securities, together with any dividends or other distributions received with respect thereto and the net proceeds of the sale of any rights or other property, upon surrender of American Depositary Shares (after deducting, in each case, the
fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of such American Depositary Shares in accordance with the terms and conditions of the Deposit Agreement, and any applicable taxes or
governmental charges). At any time after the expiration of six months from the date of termination, the Depositary may sell the Deposited Securities then held under the Deposit Agreement and may thereafter hold uninvested the net proceeds of any
such sale, together with any other cash then held by it thereunder, unsegregated and without liability for interest, for the pro rata benefit of the Owners of American Depositary Shares that have not theretofore been surrendered, such Owners
thereupon becoming general creditors of the Depositary with respect to such net proceeds. After making such sale, the Depositary shall be discharged from all obligations under the Deposit Agreement, except for its obligations to the Company under
Section 5.08 and to account for such net proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of such American Depositary
Shares in accordance with the terms and conditions of the Deposit Agreement, and any applicable taxes or governmental charges). Upon the termination of the Deposit Agreement, the Company shall be discharged from all obligations under the Deposit
Agreement except for its obligations to the Depositary with respect to indemnification, charges, and expenses. 
 22. APPOINTMENT.

 Each Owner and Holder, upon acceptance of any American Depositary Share (or any interest therein) issued in accordance with the terms and
conditions of the Deposit Agreement shall be deemed for all purposes to (a) be a party to and bound by the terms of the Deposit Agreement and the applicable Receipt(s), and (b) appoint the Depositary its attorney-in-fact, with full power
to delegate, to act on its behalf and to take any and all actions contemplated in the Deposit Agreement and the applicable Receipt(s), to adopt any and all procedures necessary to comply with applicable law and to take such action as the Depositary
in its sole discretion may deem necessary or appropriate to carry out the purposes of the Deposit Agreement and the applicable Receipt(s), the taking of such actions to be the conclusive determinant of the necessity and appropriateness thereof.

  

 A-14 

 23. DTC DIRECT REGISTRATION SYSTEM AND PROFILE MODIFICATION SYSTEM (a) Notwithstanding the
provisions of Section 2.04 of the Deposit Agreement, the parties acknowledge that the Direct Registration System (“DRS”) and Profile Modification System (“Profile”) shall apply to uncertificated American Depositary Shares
upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC pursuant to which the Depositary may register the ownership of uncertificated American Depositary Shares, which ownership shall be evidenced by periodic statements issued
by the Depositary to the Owners entitled thereto. Profile is a required feature of DRS which allows a DTC participant, claiming to act on behalf of an Owner of American Depositary Shares, to direct the Depositary to register a transfer of those
American Depositary Shares to DTC or its nominee and to deliver those American Depositary Shares to the DTC account of that DTC participant without receipt by the Depositary of prior authorization from the Owner to register such transfer.

 (b) In connection with and in accordance with the arrangements and procedures relating to DRS/Profile, the parties understand that the
Depositary will not verify, determine or otherwise ascertain that the DTC participant which is claiming to be acting on behalf of an Owner in requesting a registration of transfer and delivery as described in subsection (a) has the actual
authority to act on behalf of the Owner (notwithstanding any requirements under the Uniform Commercial Code). For the avoidance of doubt, the provisions of Sections 5.03 and 5.08 of the Deposit Agreement shall apply to the matters arising from the
use of the DRS. The parties agree that the Depositary’s reliance on and compliance with instructions received by the Depositary through the DRS/Profile System and in accordance with the Deposit Agreement shall not constitute negligence or bad
faith on the part of the Depositary. 
 24. SUBMISSION TO JURISDICTION; JURY TRIAL WAIVER; WAIVER OF IMMUNITIES 
 In the Deposit Agreement, the Company has (i) appointed CT Corporation System, 111 Eighth
Avenue, 13th Floor, New York City, in the State of New York, as the Company’s authorized agent upon which process may be served in any suit or
proceeding arising out of or relating to the Shares or Deposited Securities, the American Depositary Shares, the Receipts or this Agreement, (ii) consented and submitted to the jurisdiction of any state or federal court in the State of New York
in which any such suit or proceeding may be instituted, and (iii) agreed that service of process upon said authorized agent shall be deemed in every respect effective service of process upon the Company in any such suit or proceeding.

 EACH PARTY TO THE DEPOSIT AGREEMENT (INCLUDING, FOR AVOIDANCE OF DOUBT, EACH OWNER AND HOLDER) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING AGAINST THE COMPANY AND/OR THE DEPOSITARY DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES,
THE AMERICAN DEPOSITARY SHARES OR THE RECEIPTS, THE DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH HEREOF OR THEREOF, INCLUDING WITHOUT LIMITATION ANY QUESTION REGARDING EXISTENCE, VALIDITY OR TERMINATION (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 
  

 A-15 

 To the extent that the Company or any of its properties, assets or revenues may have or hereafter become
entitled to, or have attributed to it, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof, from setoff or counterclaim, from the
jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution or judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any judgment,
in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with the Shares or Deposited Securities, the American Depositary Shares,
the Receipts or the Deposit Agreement, the Company, to the fullest extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim, any such immunity and consents to such relief and enforcement. 

 

 A-16General Terms and Conditions of Contract and Appendices & Supplemental Agreement

 Exhibit 10.6 
 GENERAL TERMS AND CONDITIONS OF CONTRACT 
 AND APPENDICES 

 General Terms and Conditions 
 Table of Content 
  

					
	Contract Form	  		  	1
		
	General Terms And Conditions Of Contract	  	3
			
	 Chapter 1
	  	Definitions	  	3
	 Chapter 2
	  	Scope of Contract	  	7
	 Chapter 3
	  	Contract Price	  	8
	 Chapter 4
	  	Terms of Payment	  	9
	 Chapter 5
	  	Delivery and Terms of Delivery	  	12
	 Chapter 6
	  	Packing and Marking	  	16
	 Chapter 7
	  	Documentation	  	18
	 Chapter 8
	  	Mistakes in Information	  	19
	 Chapter 9
	  	Variations and Omissions	  	20
	 Chapter 10
	  	Coordination, Liaison and Project Management	  	22
	 Chapter 11
	  	Safety Management and Quality Assurance	  	24
	 Chapter 12
	  	Inspection at Manufacturer’s Premises and after Delivery	  	27
	 Chapter 13
	  	Erection, Commissioning, Testing and Acceptance	  	30
	 Chapter 14
	  	Warranties and Defects After Delivery	  	32
	 Chapter 15
	  	Additional Spare and Replacement Parts and Repairs to the Equipment	  	37
	 Chapter 16
	  	Liability for Accidents and Damage	  	39
	 Chapter 17
	  	Licensing	  	41
	 Chapter 18
	  	Insurance	  	42
	 Chapter 19
	  	Taxes and Duties	  	43
	 Chapter 20
	  	Force Majeure	  	44
	 Chapter 21
	  	Vesting of the Equipment and Documentation	  	45
	 Chapter 22
	  	Infringement	  	46
	 Chapter 23
	  	Assignment and Sub-letting	  	48
	 Chapter 24
	  	Supplier’s Default and Damages Payable	  	49
	 Chapter 25
	  	Bankruptcy	  	50
	 Chapter 26
	  	Suspension and Termination	  	51
	 Chapter 27
	  	Statute and Other Regulations	  	53
	 Chapter 28
	  	Liens	  	54
	 Chapter 29
	  	Independence of the Supplier	  	55
	 Chapter 30
	  	Conflict of Interest	  	56
	 Chapter 31
	  	Business Ethics	  	57
	 Chapter 32
	  	Confidentiality	  	58
	 Chapter 33
	  	Availability of Information	  	59
	 Chapter 34
	  	Settlement of Disputes	  	60
	 Chapter 35
	  	Notices	  	60
	 Chapter 36
	  	Construction of Contract	  	61
	 Chapter 37
	  	Effectiveness of the Contract and Miscellaneous	  	62
	 Chapter 38
	  	Exclusivity	  	62

  

 i 

 General Terms and Conditions 
  

			
	Appendix B	  	
		
	Appendix B-1	  	Scope of Supply
		
	Appendix B-2	  	Technical Conditions
		
	Appendix B-3	  	Technical Description
		
	Appendix B-4	  	Quality Assurance
		
	Appendix B-5	  	Inspection and Testing in Workshop
		
	Appendix B-6	  	Performance Guarantees
		
	Appendix B-7	  	Sub-suppliers
		
	Appendix B-8	  	Schedule
		
	Appendix B-9	  	Codes Rules and Guides
		
	Appendix B-10	  	Project Coordination and Management
		
	Appendix B-11	  	Dossier of Attachments and Document Requirement
		
	Appendix B-12	  	Equipment Localization
		
	Appendix B-13	  	Safety Management Requirements

  

 ii 

 General Terms and Conditions 
 Contract Form 
  

			
		  	 Contract No.: JSZN2003
 Date of Signing: June 27,
2007
 Place of Signing: Xuzhou, Jiangsu, P.R.C.

 This Contract is made on the day of June 27, 2007 between Jiangsu Zhongneng Photovoltaic Industry Development
Co., Ltd.

, a company incorporated and existing under the laws of the PRC with offices at [*], the PRC (hereinafter referred to as the “Purchaser”) as one Party and MSA Apparatus Construction for Chemical
Equipment Ltd., a company incorporated and existing under the laws of United Kingdom with offices at 82008 Unterhaching Isartalstr 50, Germany (hereinafter referred to as “MSA”)], (the MSA hereinafter collectively referred to as the
“Supplier”) as the other Party. 
 WHEREAS the Supplier is a manufacturer and supplier of, among other things, the corresponding accessories,
software and related engineering and installation services and has the capability and experience of manufacturing, installation, commissioning and starting-up for the Equipment and the provision of the Services. 
 WHEREAS the Supplier is willing to supply the Purchaser with the Equipment, Engineering, Additional Spare and Replacement Parts, Special Tools, Documentation and
Services and to perform the Works associated with the Equipment on the terms and conditions of this Contract; 
 WHEREAS the Purchaser is willing to purchase
the Equipment, Engineering, Documentation and Services and the Works associated with the Equipment to be provided by the Supplier on the terms and conditions of this Contract; 
 WHEREAS the Supplier shall be and shall be deemed to be, an independent supplier and not the agent or employee of the Purchaser; 
 NOW THEREFORE, the Parties authorize their respective representatives, following friendly consultations, to agree on the following terms and conditions and to sign this Contract. 
  

 1 

 General Terms and Conditions 
  

 The following documents shall be deemed to form the Contract between the Purchaser and the Supplier, and be read and
constructed as part of the Contract, and shall be interpreted in the following order in case of discrepancy or ambiguity among the following documents: 
 Contract Form; 
 General Terms and Conditions; and 
 Appendix B 
 SIGNED BY 
 

 
 

 
  

 2 

 General Terms and Conditions 
  

 General Terms And Conditions Of Contract 
 Chapter 1 Definitions 
 In the Contract the following
words shall have the meanings herein assigned to them: 
  

	1.1	“Actual Delivery Date” shall have the meaning set forth under Clause 5.3 (applicable to Equipment and Special Tools), or Clause 5.14 (applicable to Documentation).

  

	1.2	“Additional Spare and Replacement Parts” shall mean the spare and replacement parts which are not included in the Equipment. 

  

	1.3	“China” and “PRC” and “People’s Republic of China” each means the People’s Republic of China excluding, for the purposes of this Contract,
Hong Kong, Macao Special Administrative Region and Taiwan. 

  

	1.4	“Contract” shall mean the agreement between the Purchaser and the Supplier, howsoever made, for the supply of Equipment, Engineering, Documentation, Additional Spare and
Replacement Parts, Special Tools and the provision of Services, including all documents referred to in the said agreement which set out the rights and obligations of the Parties thereunder. 

  

	1.5	“Contract Price” shall mean the consideration amount specified in Chapter 3 of the Contract, subject to such additions and deductions as may be made by the Parties in
accordance with the Contract, to be paid to the Supplier in consideration for the supply and delivery of Equipment, Engineering, Additional Spare and Replacement Parts, Special Tools, Documentation and the provision of Services and the fulfillment
by the Supplier of all its other activities and obligations under the Contract. 

  

	1.6	“Delivery Dates” shall mean the applicable dates specified in the Contract for delivery of Equipment, Additional Spare and Replacement Parts, Special Tools and
Documentation subject to such adjustments as may be made in accordance with the Contract. 

  

	1.7	“Documentation” shall mean calculation notes, drawings, programs, schedules, manuals, erection and commissioning data, acceptance tests procedures, and all other technical
information required for the design, manufacture, erection, tests, operation and maintenance of the Equipment as defined in Appendix B-1 of the Contract. 

  

	1.8	“Effective Date” or “EOC” shall mean the day when the Contract becomes effective in accordance with the provisions of Clause 38.2 hereof.

  

	1.9	“Engineering” shall mean the engineering set forth in Appendix B. 

  

 3 

 General Terms and Conditions 
  

	1.10	“Equipment” shall mean all or any parts of the system, machinery, apparatus, parts, special tools, materials, spare parts, consumables and instrumentation which are to be
supplied by the Supplier in accordance with the Contract as set out in Appendix B-1 of the Contract. 

  

	1.11	“Final Delivery Date” or “FDD” shall mean, the Actual Delivery Date of the final item of Equipment which is to be delivered to the Purchaser according to the
schedule set out in Appendix B-8, providing that such item of Equipment is not delivered in advance of the Delivery Date without the prior approval of the Purchaser, in which case the Delivery Date shall apply. 

  

	1.12	“Force Majeure” shall mean an occurrence such as war, serious fire, flood, typhoon, earthquake, which is unavoidable, unforeseeable and insurmountable.

  

	1.12(A)	“Hong Kong” shall mean the Hong Kong Special Administrative Region of the PRC. 

  

	1.12(B)	“Intellectual Property” shall mean all letters patents, trademarks, trade names, brand names, business names, service marks, designs, utility models, copyrights,
inventions, know-how, licenses, technical processes, database rights and other forms of intellectual property in connection with the Project. 

  

	1.13	“Month/Day” shall mean calendar month/day; “Week” shall mean seven (7) calendar days. 

  

	1.14	“Overall Project Schedule” shall have the meaning set forth in Appendix B-8. 

  

	1.15	“Parties” shall mean collectively the Purchaser and the Supplier. 

  

	1.16	“Party” shall mean either the Purchaser or the Supplier. 

  

	1.17	“Project” shall mean the construction of the plant at Site to be developed by the Purchaser or its affiliates. 

  

	1.18	“Provisional Acceptance Certificate” and “PAC” shall have the meaning set forth under Clause 13.5. 

  

	1.19	“Services” shall mean instruction and services provided by the Supplier at various stages such as licensing, construction, erection, testing, commissioning, operation and
maintenance of the Equipment and other services as set out in this Contract up to the [Date]. 

  

	1.20	“Site” shall mean the place at Xuzhou, Jiangsu Province in the PRC as designated by the Purchaser. 

  

	1.21	“Special Tools” shall mean the special tools for the erection, test, commissioning transportation and packing of the Equipment which tools are not included in the
Equipment. 

  

	1.22	“Specification” shall mean the technical requirements applicable to Appendix B-1 as defined in the Appendices B-2 and B-3 hereto. 

  

 4 

 General Terms and Conditions 
  

	1.23	“Sub-supplier” shall mean any person or entity (other than the Supplier) named in the Contract for the provision of any part of the Work thereunder or any person or entity
to which any part of the Contract has been sub-let with the prior written consent of the Purchaser. 

  

	1.24	“Variation Order” shall mean the serially numbered form issued by the Purchaser to the Supplier in accordance with Chapter 9. 

  

	1.25	“Warranty Period” shall mean any of the period commencing on the Actual Delivery Date of the Equipment in question and terminating upon the sooner of the following: ***
after Final Delivery Date; or the *** after the issue of PAC. 

  

	1.26	“Working Day” means a day other than a Saturday, a Sunday or public holiday declared by Chinese governmental authorities or other day on which commercial banks in the PRC
are required to be closed by reason of any tropical cyclone warning. 

  

	1.27	“Work” shall mean the supply by the Supplier or the Sub-supplier of all Equipment Additional Spare and Replacement Parts, Documentation, Special Tools, Services and the
performance by the Supplier or where applicable, Sub-supplier of all its other activities and obligations under the Contract. 

  

	1.28	Where used in these General Terms and Conditions of Contract, “writing” or “written’ shall mean any manuscript, type-written, or printed statement, under seal or
hand as appropriate, but shall also include telegraphic, telex and fax communications. 

  

	1.29	Words importing persons shall include firms and corporations. 

  

	1.30	Words importing the singular only shall include the plural and vice-versa when applicable. 

  

	1.31	“CPT”,”DDU”, “EXW” and “CFR” shall be interpreted and governed in accordance with Incoterms 2000 edition of the International Chamber of
Commerce, unless otherwise provided in the Contract. 

  

	1.32	Headings of this Contract are included for convenience only and shall not affect the construction of any provision of this Contract. 

  

	1.33	Terms such as “include”, “including”, “are inclusive of and similar expressions are no expressions of limitation and shall be construed as if followed by
the words “without limitation”. 

  

	1.34	References to “law” or “laws” shall include all applicable laws, regulations, rules and orders of any Governmental Authority, securities, exchange or other
self-regulating body, any common or customary law, constitution, code, ordinance, statute or other: legislative measure and any regulation, rule, treaty, order, decree or judgment; and “lawful” shall be construed accordingly.

  

	1.35	If a period of time is specified and dates from a given day or the day of a given act or: event, such period shall be calculated [exclusive] of that day. 

 

 5 

 General Terms and Conditions 
  

 Chapter 2 Scope of Contract 
  

	2.1	The Supplier shall supply to the Purchaser completely all Engineering, Equipment, Special Tools, Additional Spare and Replacement Parts and Documentation including interfaces,
Services and other things of all kinds necessary for the carrying out, completion and maintenance of the Work in accordance with the Contract. The Supplier undertakes that if during the implementation of the Contract, it fails to supply any items
which are required for the safe and reliable operation of the Equipment or for achieving the functions and performance as stipulated in the Contract, such items shall be supplied by the Supplier at no additional cost to the Purchaser.

  

	2.2	The Equipment, Engineering, Documentation Services and where applicable, the Special Tools, Additional Spare and Replacement Parts supplied under the Contract shall be in full
conformity with the Specifications, conditions, requirements, performance and limits of supply as defined in Appendix B. 

  

	2.3	The Equipment to be supplied by the Supplier shall conform to the requirements and the limits of supply stipulated in the Contract. The Supplier shall be responsible for providing
the Purchaser or the Design Institute designated by the Purchaser with all the information in accordance with the schedule in Appendix B-8. 

  

	2.4	The Supplier shall assign competent personnel with the relevant expertise to carry out on-Site Services if and when requested by the Purchaser and with a week advance notice in
order to ensure that the Equipment is appropriately erected, installed, tested, maintained and put into operation correctly, and the personnel dispatched on Site shall abide by the Safety Management Agreement signed by the Parties in conjunction
with the Contract. 

  

	2.5	The Supplier shall make available Additional Spare and Replacement Parts promptly in accordance with Chapter 15 and, if required to do so by Purchaser, shall carry out repairs to
the Equipment in accordance with the provisions of Chapter 15. 

  

	2.6	During the course of the Project, the Supplier shall, free of any charge to the Purchaser, provide the Purchaser with new operating information and technical know-how and processes
obtained by the Supplier, and at all times keep the Purchaser informed of any identified improvement in relation to the technical and safety aspects of the Equipment. 

  

	2.7	The Supplier shall also perform its other obligations under the Contract and shall perform such other obligations from time to time reasonably required by the Purchaser for the
purpose of performing this Contract. 

  

 7 

 General Terms and Conditions 
  

 Chapter 3 Contract Price 
  

	3.1	Unless the context otherwise provided or agreed by the Parties in writing, the Contract Price shall constitute the entire consideration amount payable by the Purchaser to the
Supplier for the supply of Equipment, Engineering, Additional Spare and Replacement Parts, Special Tools, Documentation, the provision of Services, packing, transportation and the fulfillment by the Supplier of all of its other obligations under the
Contract. 

  

	3.2	The Contract Price is *** the particulars of which are set out in Clause 3.3 below. Unless otherwise agreed by the Parties in writing, the Contract Price specified herein shall be
fixed and final. 

  

	3.3	Particulars of the Contract Price are set out as follows: 

  

									
	 Sr.
	  	 Name of Equipment
	  	 Unit Price
(EUR)
	  	 Q’ty
	  	 Remarks

					
	1-17	  	Reactor (***)	  	***	  	17	  	
					
	18	  	Reactor (***)	  	***	  	1	  	***
				
		  	Total Contract Value	  	***	  	

  
  

	***	CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. 

  

 8 

 General Terms and Conditions 
  

 Chapter 4 Terms of Payment 
  

	4.1	Payment shall be considered as effected at the time when payment is made by the Purchaser. Original payment document shall be sent by the Supplier directly to the Purchaser.

  

	  	Should the dates of payment release fall into any of the statutory holiday, the payment shall be effected on the following Working Day, and the deferment shall not be regarded as
delay of the payment. 

  

	  	All banking charges incurred in connection with the Purchaser’s Banks shall be borne by the Purchaser otherwise all banking charges incurred shall be borne by the Supplier.

  

	4.2	The Purchaser shall pay the Supplier the Contract Price stated in Chapter 3 in the following manner: 

  

	 	 (i)
	 The Purchaser shall open or issue 1st irrevocable direct letter of credit (“1st Letter of Credit”) by the bank which is acceptable to the
Supplier’s bank (which acceptance shall not be unreasonably withheld) in favor of the Supplier in the sum of *** being *** of the Contract Price to the Supplier within *** from the date of this Contract. 1st Letter of Credit shall be valid for *** from the issuance date of the 1st Letter
of Credit. 

  

	 	 (ii)
	 The Purchaser shall open or issue 2nd irrevocable direct letter of credit (“2nd Letter of Credit”) by the bank which is acceptable to the
Supplier’s bank (which acceptance shall not be unreasonably withheld) in favor of the Supplier for *** of the Contract Price within *** after the Delivery Date of the first batch of *** Sets and upon the Purchaser receives one (1) original
of the valid export license issued by relevant authorities of the Supplier’s and/or manufacturer’s country or a statement of relevant authorities/agency certifying that no export license is required. 2nd Letter of Credit shall be valid for *** after the Delivery Dates of the 1st batch of *** Sets. 

 The Supplier may suspend the works in the event that the Supplier does not receive the aforesaid 2
nd Letter of Credit within *** after the written notice by the Supplier to the Purchaser of the failure of the receipt of aforesaid 2nd Letter of Credit in accordance with aforesaid paragraph under this Clause 4.2 (ii). 
  

	 	 (iii)
	 The Purchaser shall, within *** after the Delivery Dates of the 2nd batch of *** Sets, open or issue 3rd irrevocable direct letter of credit
(“3rd Letter of Credit”) by the bank in favor of the Supplier for *** of the Contract Price after the written notice made by the Supplier with respect to the shipment of the Equipment. The 3rd Letter of Credit shall be valid for *** after the Delivery Dates of the 2nd batch of *** Sets. 

  
  

	***	CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. 

	

  

 9 

 General Terms and Conditions 
  

 A retainer fee being *** of the Contract Price shall be paid by telegraphic transfer by the Purchaser
through the Purchaser’s Bank, within *** after the Purchaser duly received all of the following documents and fully satisfied the performance of the obligations by the Supplier under this Contract: 
  

	 	(a)	A copy of Final Acceptance Certificate issued by the Purchaser in accordance with Clause 14.16; and 

  

	 	(b)	One (1) original of commercial invoice or VAT invoice covering the amount of the payment. 

  

	 4.3
	 *** of the Contract Price shall be paid against the abovementioned 1st, 2nd and 3rd Letters of Credits, upon presentation of the following documents by the Purchaser to the Supplier in respect of the actual pro rata value of each shipment, which are found in order: 

  

	 	(a)	Three (3) originals and three (3) duplicate copies of clean on board ocean Bill of Lading made out to order, blank endorsed, notifying the Purchaser and marked
“FREIGHT PREPAID”, or one (1) original and four (4) duplicate copies of airway bill made out to order of the Purchaser; 

  

	 	(b)	Five (5) originals of manually signed commercial invoice indicating the amount to be paid and the itemized price; 

  

	 	(c)	Two (2) originals and three (3) duplicate copies of detailed packing list indicating the shipping weight, number and the date of the corresponding invoice;

  

	 	(d)	Two (2) originals and three (3) duplicate copies of ex-works quality certificate issued by the manufacturer; 

  

	 	(e)	Two (2) copies of sight draft; 

  

	 	(f)	One (1) original and four (4) duplicate copies of certificate of origin issued by relevant authorities or agency of the manufacturer’s country;

  

	 	(g)	Five (5) copies of fax advising the Purchaser of the shipment within forty-eight (48) hours after it is made; 

  

	 	(h)	One (1) original and four (4) copies of the Quarantine Certificate/Heat Treatment Certificate for the wooden packing materials or non-wooden packing declarations in case
of ocean transport, or four (4) copies of the Quarantine Certificate/Heat Treatment Certificate for the wooden packing materials or non-wooden packing declarations in case of air freight. 

  

	4.4	Unless otherwise specifically provided in a Variation Order which increases or decreases the Contract Price, the amount thereof shall be added to or deducted from the amount of
payment under Clause 4.2 and 4.3 with the same ratio, which are outstanding at the issuance of the Variation Order in question. 

  

	4.5	The Purchaser shall effect any payment within *** after receiving the appropriate invoices and supporting documentation in accordance with the provisions of this Chapter, unless the
Purchaser considers such documentation is not in conformity with the Contract or disputes the amount of any invoices submitted by the Supplier whereupon the Purchaser shall notify the Supplier in writing stating its reasons within ***.

  

 10 

 General Terms and Conditions 
  

	4.6	The Supplier shall be solely responsible for arranging payments to its Sub-suppliers and all other persons as may be engaged by the Supplier in the performance of the Contract.

  

	4.7	If pursuant to Chapter 14, 24 or 34 hereof the Supplier is liable to pay liquidated damages to the Purchaser, the relevant amount of liquidated damages shall be paid by the Supplier
to the Purchaser within *** days after receipt of the first written notice from the Purchaser or such other date as specified in the court judgment or order stating the amount payable. 

  

	4.8	The amount of liquidated damages which the Supplier is liable to pay to the Purchaser pursuant to the terms of this Contract or following a court judgment or order as provided for
in Chapter 34 shall be paid by the Supplier directly to the Purchaser or where applicable, deducted from any remaining payment by the Purchaser. 

  

 11 

 General Terms and Conditions 
  

 Chapter 5 Delivery and Terms of Delivery 
  

	5.1	Subject to Chapter 39 of this Contract, all the Equipment supplied under the Contract shall be delivered by the Supplier under terms of CFR Shanghai port of shipment in accordance
with the terms of this Chapter and the Schedule specified in Appendix B-8 hereunder. 

  

	5.2	This Clause is intentionally left blank. 

  

	5.3	Within two (2) months after the EOC, the Supplier shall provide the Purchaser a forecast delivery schedule which shall fulfill the requirements of the Overall Project Schedule
for the approval of the Purchaser. The delivery dates provided in such forecast delivery schedule approved by the Purchaser shall be the Delivery Dates for the Equipment. 

 In the above-mentioned forecast delivery schedule, the Supplier shall provide the Purchaser with the following updated information: 
  

	 	A.	Name of Equipment; 

  

	 	B.	Gross Volume; 

  

	 	C.	Gross Weight; 

  

	 	D.	Respective Delivery Schedule for CFR; 

  

	 	E.	Names of respective port of shipment for CFR; 

  

	 	F.	Cargo package/packing list; 

  

	 	G.	Names, Weight Measurement and Drawings of the over-weight, over-sized Equipment, loose goods and bulk materials; 

  

	 	H.	Names, Weight, Measurement and IMCO No. (as per International Maritime Dangerous Goods Code) of dangerous goods. 

 For the purpose of the Contract, the term “Actual Delivery Date” shall, pursuant to CFR term mean the date of clean on board Bill of Lading.

  

	5.4	Under CFR term, the Supplier shall deliver the Equipment in accordance with the following provisions: 

  

	5.4.1	Not later than sixty (60) days before the readiness or delivery to the first carrier for each shipment, the Supplier shall notify the Purchaser and the Purchaser’s
shipping agent by fax of the following contents: 

  

	 	a)	Contract No.; 

  

	 	b)	Date of readiness for the shipments; 

  

	 	c)	Total volume; 

  

	 	d)	Total gross weight/total number of packages; 

  

	 	e)	Contract value of the equipment; 

  

	 	f)	Port/Place of Shipment; 

  

	 	g)	Name, total gross weight and measurements of each piece exceeding *** metric tons in weight or *** cubic meters in measurement; 

  

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 General Terms and Conditions 
  

	 	h)	Name, weight, cargo quantity, IMCO No. (as per International Maritime Dangerous Goods Code) of the dangerous and/or inflammable goods; and 

  

	 	i)	Export Warning Notice (EWN) serial number, if applicable. 

 In the meantime the Supplier shall airmail via express mail the following documents in six (6) duplicate copies to the Purchaser: 
  

	 	a)	The packing list of the shipment covering Contract No., item No., name of the Equipment, specification, type, quantity, unit/total price, unit/total weight, unit/total volume, the
overall dimensions of each package (lengthxwidthxheight), total number of packages and Port of Shipment. 

  

	 	b)	Overall packing sketch and drawings for each large piece exceeding twenty (20) metric tons in weight or 9x3 x3 cubic meters in measurement; 

  

	 	c)	Description of any dangerous and/or inflammable goods indicating names, properties, special protective measures and handling methods in case of accident; 

 

	 	d)	Description of the special precautions for the Equipment that requires special storage and transportation. 

 Another duplicate copy of the said documents shall be airmailed via express mail to the shipping agent appointed by the Purchaser as the basis for
arranging transportation, loading and unloading of the Equipment. 
  

	5.4.2 	Within twenty-four (24) hours after completion of each loading, the Supplier shall inform the Purchaser by fax of the following information: Contract No., name of Equipment,
actual loading quantity, total gross weight, total volume, proforma invoice and the statement of packing without wood or the fumigation certificate issued by concerned inspection organization. In case the Purchaser fails to arrange insurance in time
due to the Supplier’s failure to inform it in time, all the losses shall be borne by the Supplier. 

  

	5.4.3 	Within two (2) days after loading the Equipment onto the carrying vessel designated by the Purchaser, the Supplier shall deliver by express mail one (1) original of the
clean on board Bill of Lading, proforma invoice, quality certificate, certificate of origin, the statement of packing without wood or the fumigation certificate issued by concerned inspection organization and packing list to the Purchaser.

  

	5.4.4 	The Supplier shall complete the delivery of Equipment in accordance with the Delivery Dates. Any delivery to be made by the Supplier prior to the Delivery Dates shall be subject to
the prior written consent of the Purchaser, otherwise all responsibilities and cost and expenses thus incurred shall be borne by the Supplier. 

  

	5.4.5 	If any Equipment contains dangerous and/or inflammable items, the Supplier shall submit to the Purchaser an English description in one (1) copy indicating the name,
characteristics, special handling and protective measures in case of accidents in respect of such items. The Supplier shall instruct the shipping agent to indicate in the Bill of Lading the case No./container No., IMCO No., thereof.

  

	5.4.6 	The Supplier/his shipping agent shall book shipping space in advance. The Supplier shall keep close contact with the Purchaser. Should the shipping vessel or the date of arrival be
changed, the Supplier/his shipping agent shall inform the Purchaser in time. 

  

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 General Terms and Conditions 
  

	5.4.7 	If the Supplier fails to deliver by express mail, the above-mentioned documents stipulated in 5.4.3 to the Purchaser in due time, all the costs incurred due to delayed customs
clearance including but not limited to storage, fumigation and heat treatment expenses shall be borne by the Supplier. 

  

	5.4.8 	In case the Equipment are lost and/or damaged in the ocean transportation after the transfer of the risk to the Purchaser, the Supplier shall assist the Purchaser to apply to the
insurance company for compensation at the Purchaser’s expenses and effect, upon the Purchaser’s request, supplementary supply of the same Equipment and Document at the original Contract Price. 

  

	5.5	The Clause 5.5, Clause 5.6, Clause 5.7 and Clause 5.8 are intentionally left blank. 

  

	5.6	Documentation provided by the Supplier shall be delivered at the site directed by the Purchaser. 

  

	5.7	All Documentation to be supplied by the Supplier shall be delivered in accordance with the Schedule as shown in Appendix B-8 under the Contract. In case the delivery dates are not
defined in the Contract, their delivery should comply with the erection, testing, commissioning, operation and maintenance plan of related Equipment. 

  

	5.8	The Supplier shall remain responsible for the contents of unopened Documentation packages being in accordance with the Supplier’s appropriate detailed list of Documentation
until such packages are opened. In the case of any shortage, loss or damage caused to the Documentation, the Supplier shall make supplementary delivery to the Site of the item or items lost or damaged within *** after receiving notification from the
Purchaser, without any charge. Any item or items lost or damaged after transfer of the risk to the Purchaser or due to the Purchaser’s fault shall be replaced by the Supplier at the cost of the Purchaser. 

  

	5.9	The Supplier shall, one (1) week prior to the delivery of Documentation, notify the Purchaser and its nominated carrier of the number of cases, gross weight, Contract No. and
the expected date of arrival of the Documentation to be delivered. 

  

	5.10 	Within twenty-four (24) hours after dispatching Documentation, the Supplier shall notify the Purchaser and its nominated carrier by fax of the Contract No., dispatching date,
number of parcels, flight No., Airway Bill No., and approximate gross weight, and submit by courier service to the Purchaser and/or its nominated carrier the following documents: 

  

	 	a)	Two (2) copies of airway bill (marked with Contract No. and the consignee) or carrier’s receipt; 

  

	 	b)	Two (2) copies of detailed list of Documentation; 

  

	 	c)	Two (2) copies of detailed packing list; and 

  

	 	d)	One (1) original Certificate of fumigation treatment issued by concerned inspection organization or the statement of packing without wood for Document delivered from abroad.

  

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 General Terms and Conditions 
  

	5.11 	The date of receiving the Documentation at Site shall be deemed as the Actual Delivery Date for Documentation provided by the Supplier within People’s Republic of China.

 The delivery date of the final version of the Documentation shall be deemed as the Actual Delivery Date of the Documentation
concerned. 
  

 15 

 General Terms and Conditions 
  

 Chapter 6 Packing and Marking 
  

	6.1	The Supplier shall have the Equipment tightly packed and shall take all measures to protect the Equipment from moisture, mould, rain, rust, corrosion, and all forms of damage, etc.
taking into account the local climatic conditions and the nature of the Equipment. Such packing shall be suitable to withstand numerous handling, loading and unloading and long-distance air and/or sea and/or inland transportation to ensure the safe
arrival of the Equipment at the Site without any damage or corrosion. The Supplier shall also provide all special frames, supports or fixtures necessary for handling and stowing the Equipment, and ensure them to meet the specified requirement of the
further transportation, storage, protection and hoisting for the consequent equipment. The Supplier shall take such special measures as may be necessary to protect such things as the welding preparations of high pressure pipes, instrumentation,
sockets and other fragile fittings. 

  

	6.2	In each package of Equipment a detailed packing list in three (3) copies together with the relevant quality certificate issued by relevant manufacturers shall be enclosed. The
packing list shall specify: 

  

	 	(i)	for individual equipment: 

  

	 	(a)	functional identification of equipment and designation; 

  

	 	(b)	reference (coding number and title) of the drawing (assembly drawing or other) identifying the equipment; 

  

	 	(c)	quality. 

  

	 	(ii)	for bulk material: 

  

	 	(a)	coding identification and designation of the relevant item; 

  

	 	(b)	references (coding number and title) of the standardized document identifying the item; 

  

	 	(c)	quantity and quality. 

 The packing list shall be presented
and coded according to the applicable procedures. 
  

	6.3.1 	The Supplier shall mark the following on the four (4) adjacent sides of each package with indelible paint in conspicuous printed words: 

  

	 	(i)	Contract No.; 

  

	 	(ii)	consignee; 

  

	 	(iii)	destination; 

  

	 	(iv)	shipping mark; 

  

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 General Terms and Conditions 
  

	 	(v)	gross/net weight (kg); 

  

	 	(vi)	measurement (length x width x height in m); 

  

	 	(vii)	case No./bale No.; 

  

	 	(viii)	name of Equipment; 

  

	 	(ix)	consignee code; 

  

	 	(x)	Supplier’s name. 

  

	6.3.2 	In accordance with the characteristics and various requirements in loading, unloading and shipping equipment, the packing shall be conspicuously marked “Handle with care”,
“Right side up”, “Keep dry”, etc. in words, or with appropriate international trade practice and illustrations. 

  

	6.3.3 	Should any packages weight two (2) metric tons or more, its weight and hoisting position and with international trade practice and illustrative marks shall be clearly shown on
two (2) adjacent sides of each package so as to facilitate loading, unloading and handling. 

  

	6.3.4 	Loose accessories in package or bundles shall be labeled by the Supplier, indicating Contract No., names of accessories and their location, number and accessory No. on assembly
drawings. 

  

	6.3.5 	For unpacked pieces of Equipment the above mentioned marking shall be indicated directly on Equipment or on tightly fastened metal labels. For large pieces proper handling frames
and supports should be provided. 

  

	6.3.6 	Should any Equipment be damaged or lost due to improper packing and/or inadequate protective measures, the Supplier shall be responsible for the repair, replacement and/or
compensation in accordance with the Contract. If mistake of transportation of Equipment occurs due to wrong/poor packing or ambiguous marking, the Supplier shall bear additional expenses arisen thereof. 

  

	6.3.7 	The Documentation to be provided by the Supplier shall be properly packed to withstand numerous handling, long-distance transportation and to be protected against damage from
moisture and rain. 

  

	6.3.8 	Three (3) copies of a detailed list marking the Documentation coding number, title designation, revision and status of documents shall be enclosed in each parcel of the
Documentation. 

  

	6.4	Any item delivered pursuant to or in connection with the Contract and which remains the property of or is rented out by the Supplier shall be marked accordingly.

  

	6.5	The Supplier shall request in due time from the Purchaser the necessary information for marking. 

  

	6.6	All mark described in this chapter shall be made in English. 

  

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 General Terms and Conditions 
  

 Chapter 7 Documentation 
  

	7.1	Both Parties shall deliver the Documentation to the other Party in accordance with Appendices B-1 and B-8. Final documentation shall take into account the latest modifications made
during on-Site Acceptance tests. 

  

	7.2	The Supplier shall submit the Documentation to the Purchaser and the Design Institute designated by the Purchaser for review within the time specified in the Contract or, where
there is no specified time, the Supplier shall submit the Documentation to the Purchaser within the time reasonably required by the Purchaser. The review of Documentation by the Purchaser shall not release the Supplier from its any obligation under
the Contract. 

  

	7.3	If the Supplier in order to comply with its obligations under the Contract shall wish to modify or correct any Documentation which has already been supplied to the Purchaser, it
shall submit such modified Documentation or revisions thereof for the review by the Purchaser and the Design Institute designated by the Purchaser. 

  

	7.4	The Purchaser and the Purchaser’s representative or any third party appointed or engaged by the Purchaser shall have the right, at all reasonable times to inspect at the
premises of the Supplier and where applicable, its Sub-suppliers all Documentation relating to any item of the Equipment. 

  

	7.5	Documentation and the Contract are intended to complement each other, so that anything shown in Documentation but not mentioned in the Contract, or vice-versa, is to be supplied as
though specifically set forth in both. Any discrepancies in the Documentation or Contract shall be promptly referred to the Purchaser and the Design Institute designated by the Purchaser before the Supplier proceeds with the manufacture of the
relevant part of the Equipment. 

  

	7.6	Detailed drawings shall take precedence where they differ from general drawings. 

  

	7.7	All documents shall be provided in English and shall refer to the metric system, except otherwise stipulated in the Contract. 

  

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 General Terms and Conditions 
  

 Chapter 8 Mistakes in Information 
  

	8.1	The Supplier shall be responsible for any discrepancies, errors or omissions in the Documentation and other information supplied by the Supplier under the Contract, whether such
Documentation and other information has been reviewed or approved by the Purchaser or not, provided that such discrepancies, errors or omissions are not due to inaccurate documentation furnished to the Supplier by the Purchaser.

  

	8.2	The Supplier shall at its own expense carry out any alterations or remedial Work necessitated by reason of such discrepancies, errors or omissions and modify Documentation
accordingly. In the event that the Supplier fails to carry out such alterations or remedial Work upon the receipt of the notice from the Purchaser, and if such alterations, remedial Work or modifications are done by or on behalf of the Purchaser,
the Supplier shall bear all costs reasonably incurred therein. The performance of its obligations under this Chapter shall not relieve the Supplier of its liability under Chapter 14. 

  

	8.3	The Purchaser shall be responsible for information supplied to the Supplier in writing by the Purchaser. The Purchaser shall issue a Variation Order in accordance with Chapter 9 for
alterations necessitated by reason of inaccurate information so supplied to the Supplier, if the alterations affect the Supplier’s costs. 

  

	8.4	The Supplier shall promptly bring to the attention of the Purchaser any matters that appear to be deficiencies, omissions, contradictions or ambiguities, or any doubt about the
meaning or correctness of any information supplied to the Supplier by the Purchaser. The Purchaser shall then promptly instruct the Supplier how to proceed. 

  

 19 

 General Terms and Conditions 
  

 Chapter 9 Variations and Omissions 
  

	9.1	The Supplier shall not alter any of the Works except as directed in writing by the Purchaser, but the Purchaser shall have the full power, subject to the provisions hereinafter
contained, at any time during the execution of the Contract to alter, amend, omit, add to or otherwise vary any of the Works. The Supplier shall carry out such variations and be bound by the same conditions, so far as applicable, as though the said
variations were an integral part of the Contract. 

  

	9.2	The Purchaser may from time to time in writing instruct the Supplier to submit, in such detail as the Purchaser may require and within a reasonable period of time, the proposed
revision to the Contract Price and Delivery Dates. 

  

	9.3	If in the opinion of the Supplier any proposed variation is likely to prevent it from or prejudice it in fulfilling any obligation under the Contract, it shall notify the Purchaser
thereof in writing, and a change proposal shall be submitted by the Supplier at the same time, but there shall be no delay on the part of the Supplier in performing its obligations under any Variation Order issued by the Purchaser.

  

	9.4	If the Supplier believes that any direction, instruction, decision or any other act or omission of the Purchaser affects the Supplier’s costs for performing the Works or the
time required therefore, the Supplier shall promptly notify the Purchaser in writing, but there shall be no delay on the part of the Supplier in performing its obligations under any Variation Order by the Purchaser. The Purchaser may issue a
Variation Order revising the Contract Price and Delivery Dates as required, provided however that no Variation Order shall be allowed if: 

  

	 	a)	the act of the Purchaser affected the Supplier’s performance in a manner consistent with the Contract or was necessitated by the Supplier’s failure to comply with the
terms of the Contract; or 

  

	 	b)	the Supplier’s performance was adversely affected by the Supplier’s fault, negligence or failure to comply with the stipulations of the Contract; or

  

	 	c)	the Supplier did not promptly notify the Purchaser in writing, due to which the Purchaser could not make recourse to the liable third party. 

  

	9.5	Such revision to the Contract Price shall be ascertained and determined in the following manner: 

  

	 	(i)	where options and alternatives are defined and priced in the Contract, the amounts stated therefore; 

  

	 	(ii)	where they are not so defined and priced, the amounts shall be agreed by the Parties in accordance with one or more of the methods stated below: 

  

	 	(a)	on a lump-sum basis, determined from an estimate produced by the Supplier on a basis consistent with the Contract; 

  

 20 

 General Terms and Conditions 
  

	 	(b)	on a lump-sum basis, based on unit prices and/or unit rates which stated in the Contract; 

  

	 	(c)	on the basis of costs which the Contract so provides; 

 where they are not so defined and priced, the amounts shall be discussed and agreed by both Parties in writing. 
 Due account shall
be taken of any partial execution of Work which may be rendered useless by any such variation or omission, and of any sums which may be recoverable by the Supplier from third parties. 
 Detailed itemized price shall be submitted by the Supplier, and inquiry/quotation documents with its Sub-suppliers shall also be provided to support the
related price. All these shall be treated as the supporting documents for the issuance of Variation Order. 
 Except with the prior agreement
of the Purchaser, the Supplier’s submission of change proposal shall be made not later than *** after receipt of the Purchaser’s instruction. 
  

	9.6	In case both Parties cannot reach an agreement on commercial issues and delivery schedules of a change proposal within two (2) weeks after the receipt by the Supplier of the
notification from the Purchaser, the Supplier shall suspend the Work under the proposed variations of the Purchaser. Both Parties shall continue the discussions on the change proposal mentioned above, and then a final agreement shall be reached
under the Contract’s condition. 

  

	9.7	If the Supplier fails to carry out the relevant Works under any Variation Order of the Purchaser in order to secure the progress of the Project after the receipt by the Supplier of
the notification from the Purchaser, the Purchaser is entitled for a self-execution, and the Supplier will be responsible for any consequences arising from abovementioned self- execution within *** after the receipt by the Supplier of the
notification from the Purchaser. 

  

	9.8	A Variation Order shall be issued after the Purchaser has agreed the Supplier’s submission and shall be on a standard form entitled “Variation Order” which shall be
the sole method for revising Delivery Dates, the Schedule and/or the Contract Price. 

  

 21 

 General Terms and Conditions 
  

 Chapter 10 Coordination, Liaison and Project Management 
  

	10.1	The Supplier shall liaise and work in coordination with the Purchaser’s project management team in the People’s Republic of China and with the representative of the
Overall Designer of the Project entrusted by the Purchaser. The procedure for such liaison is outlined in Appendix B-10 and it shall be specified in detail in the Project Procedures Manual according to Appendix B-10. 

  

	10.2	Unless specifically stated to the contrary in the Contract, the cost of undertaking such liaison in accordance with Appendix B-10 shall be, and shall be deemed to be, covered by the
prices included in the Contract. The Supplier further undertakes that it (and its Sub-suppliers where applicable) shall fulfill its obligations pursuant to Appendix B-10 but it is expressly agreed between the Parties that the Supplier is not liable
for any of the obligations of any other suppliers engaged by the Purchaser; in the event that the Supplier considers that its fulfillment of its obligations under Appendix B-10 is being impeded by any other supplier engaged by the Purchaser, it
shall promptly bring such matter to the attention of the Purchaser’s Project Director. 

  

	10.3	Project Director shall be the person so nominated by the Purchaser from time to time by the issue of a written notice to the Supplier. When issuing any such notice the Purchaser
shall also notify the Supplier of the power that it has delegated to its Project Director and all acts, instructions and decisions subsequently given by the Project Director in accordance with such delegated powers shall be deemed to be acts,
instructions and decisions of the Purchaser. 

  

	10.4	The Purchaser shall have the right to withdraw or amend any delegation given to its Project Director pursuant to Clause 10.3 by the issue of written notice in advance to the
Supplier. 

  

	10.5	The Project Director shall have the right to re-delegate any of the powers vested in him by the Purchaser (other than the power to approve any variation or to change any previously
established date for the fulfillment of an obligation by the Supplier under the Contract) by the issue of written notice to the Supplier and all acts, instructions and decisions subsequently given by any person within the powers delegated to him by
the Project Director shall be deemed to be acts, instructions and decisions of the Project Director. 

  

	10.6	The Project Director shall have the right to withdraw or amend any re-delegation of his powers pursuant to Clause 10.5 by the issue of written notice in advance to the Supplier.

  

	10.7	 Within one (1) month after Signature of Contract, the Supplier shall submit details of its proposed contract management organization for the Project
Director’s review. Such details shall consist of an organization chart and a brief job description for key personnel, and show the powers and authorities vested in those shown in the Supplier’s contract management organization as having
direct contact with the Purchaser, the Project Director (including his delegates pursuant to Clause 10.5), and the 

  

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 General Terms and Conditions 
  

	 	 
Purchaser’s other representatives including the Overall Designer engaged by the Purchaser for the purposes of the Project. In the event of it being
agreed that changes should be made to the Supplier’s organization chart, the Supplier shall forthwith submit a modified organization chart to the Project Director. 

  

	10.8	Whenever the Supplier considers that the previously reviewed contract management organization should be changed without prejudice to the interests of the Project, or where the need
for change has become unavoidable, it shall forthwith submit details of its proposed revised contract management organization to the Project Director for review as if it were the original proposed contract management organization.

  

	10.9	The Purchaser shall have the right to issue copies of the Supplier’s contract management organization details to its other suppliers engaged for the purposes of the Project.

  

	10.10 	In order to enable the Purchaser to exercise its rights under the Contract with regards to access relating to the Works being undertaken by the Supplier’s Sub-suppliers, the
Supplier shall provide the Project Director with the necessary details of the Sub-suppliers’ organizations. 

  

	10.11 	The Supplier undertakes that throughout its contract management organization it shall only use suitably qualified and experienced personnel and that where such personnel are a point
of direct contact with the Purchaser, including the Project Director and any of his delegates and representatives, they shall be fluent in the English language. 

  

	10.12 	Each Party shall provide such facilities as is required under the Contract so as to facilitate the coordinated working procedures outlined in Appendix B-10 and each Party shall be
responsible for ensuring that the acts of its employees, agents and other representatives under the Contract shall not prejudice the best interests of the Project. In particular, but without limitation, without prior notice to the Purchaser the
Supplier shall not enter, nor permit its Sub-suppliers to enter, into any negotiations with any government entity or agency to develop variances or revisions to any law which has direct application to the Contract and which could adversely affect
the best interests of the Purchaser. 

  

	10.13 	The activities required to be provided by the Supplier pursuant to Appendix B-10 include the attendance by the Supplier’s personnel at periodic coordination meetings, monthly
progress meetings and meetings on special issues. The host shall provide meeting facilities and prepare meeting documents concerned. 

  

 23 

 General Terms and Conditions 
  

 Chapter 11 Safety Management and Quality Assurance 
 Part 1: Safety Management 
  

	11.1	The Supplier shall abide by the compulsive design standards and codes which shall be noted in the design document and the Contract. In case of no such standards and codes in
existence, the Supplier shall make sure as required by the Product Quality Law of People’s Republic of China the design and the product be safe to human health and lives, and property as well. 

  

	11.2	Considerations shall be made to ensure the safety and protection of the product in erection and operation. The Supplier shall highlight the safety related information in the design
documentation and provide instructions in accident prevention. 

  

	11.3	In case the application of new structure, material or state of arts, the Supplier shall provide relevant safety suggestions to the construction personnel. 

 

	11.4	The Supplier shall do the best in enhancing the intrinsic safe performance of the product. 

  

	11.5	The Supplier shall provide the Purchaser with the information on the hazards and safety instructions in regard of the transport, erection, commissioning, operations and maintenance
of the Equipment. 

  

	11.6	The manufacturer shall follow the design and make sure the quality and safety performance of the Equipment in operation lifetime. 

  

	11.7	Appropriate safety signs and marks on the product and/or the package of the product shall be provided as required by the Product Quality Law of People’s Republic of China.

  

	11.8	The product containing radioactive sources or toxic and hazardous substance (if any) shall bear outstanding warning signs on the surface and the packages, and the Supplier shall
make statement on the shipping document and provide safe storage instruction and precautions to the Purchaser. 

 Part 2: Quality Assurance
(hereinafter referred to as the “QA”) 
  

	11.9	The Supplier shall establish and implement a Quality Management System which shall comply with ISO9001: 2000 Standard. 

  

	11.10	The Supplier shall establish a Project Quality Assurance Program (hereinafter referred to as the “program”) for this Contract after taking into account scope and nature of
the Contract, Specifications, quality warranties and quality control requirements and prepare management procedures and work instruction to meet the contract requirements, if necessary. 

  

	  	The detailed requirement for “program” and procedures is specified in Appendix B-4. 

  

	11.11	The Supplier shall submit to the Purchaser its generic “quality management manual” for review, and “program” and management procedures specific for the project
for approval. 

  

 24 

 General Terms and Conditions 
  

	11.12	The Supplier shall submit to the Purchaser documents and records in line with requirement prescribed in Appendices. And the Supplier shall ensure the validity of these documents and
records provided to the Purchaser regardless of the Purchaser’s review. In the event that the Purchaser discovers that any quality related documents do not conform to the requirements of the Contract, the Purchaser shall have the right to
require revision by the Supplier. 

  

	  	All quality related documents and records relevant to the contract shall be available to the Purchaser’s representatives for reference and review at the location where the
corresponding activity is performed. At the Purchaser’s request, if needed on a case-by-case basis, the Supplier shall provide a copy of such quality-related documents. The Purchaser shall have the right to make copies of all documents and
records submitted by the Supplier and distribute such copies to its representatives for their use. 

  

	11.13	The Supplier shall evaluate its main Sub-suppliers in line with documented procedure and submit to the Purchaser the qualification report for approval before signature of relevant
contracts according to the requirements of Purchaser’s Project Procedures. When it is necessary, the Purchaser shall have right to perform sources evaluation on selected Sub-suppliers with supplier. The Supplier shall establish and maintain up
to date the list of qualified Sub-suppliers in which the status of qualification, QA standard applied and scope of contract shall be indicated. The list of qualified Sub-supplier, modification to this list and associated supporting documents shall
be submitted to the Purchaser for review. 

  

	  	The Supplier shall strictly supervise the implementation of its Sub-supplier’s QA/QC activities according to the requirements of the applicable QA/QC documents.

  

	11.14	The Quality Plans for this Contract shall be established and implemented by the Supplier in accordance with the requirement of Appendix B-4. 

  

	11.15	The Supplier shall handle non-conformance related to this Contract in accordance with the provisions described in Appendix B-4. The non-conformance list of this Contract shall be
established and up-dated. 

  

	11.16	The Purchaser’s representative has the right to access to the Supplier and its Sub-supplier’s premises for its QA and QC activities. The Supplier shall provide to the
Purchaser’s representative with convenience and necessary assistance to carry out such QA and QC activities. The Purchaser reserves the right to stop the Supplier’s activities when significant conditions adverse to quality arise and the
Supplier shall take all necessary corrective actions promptly to resolve the conditions into satisfaction of the Purchaser prior to resumption of the activities. 

  

	11.17	The Purchaser shall have the right to participate in the internal and external QA audits as observer/auditor and kick-off meetings arranged by the Supplier. The Supplier shall
inform the Purchaser of the schedule in advance. 

  

 25 

 General Terms and Conditions 
  

 Conclusions, findings and corrective actions of QA audit report related to this Contract shall be
transmitted to the Purchaser. 
  

	11.18 	The representative of the Purchaser shall have access to the Supplier’s and its Sub-suppliers premises for surveillance and inspection if safety related activities concerned.

  

	11.19 	The Supplier shall include in its sub-contracts the necessary provisions to ensure that all Sub-suppliers of this contract comply with the provisions of this chapter, and to entitle
the Purchaser with the same right to Sub-suppliers as to the Supplier under this Contract. 

  

	11.20 	All QA and QC activities carried out by the Purchaser and the inspecting and witnessing safety related activities carried out by the Purchaser to the Supplier and its Sub-suppliers
shall not alleviate or free the Supplier from its obligations and legal responsibilities under the Contract. 

  

 26 

 General Terms and Conditions 
  

 Chapter 12 Inspection at Manufacturer’s Premises and after Delivery 
  

	12.1	During manufacture, the Supplier shall be responsible for all inspection, examination and testing (“In-factory Acceptance Tests”) of the Equipment to be supplied under the
Contract and the costs thereof, including that of its Sub-suppliers, prior to completion. Such inspection and examination shall be according to the standards and codes stipulated in the Contract, or where standards and codes are not specifically
defined, in accordance with appropriate and generally accepted practice for the Equipment in question. 

  

	12.2	The Purchaser’s involvement in the inspection and test in the supplier’s premise is defined in Appendix B-5. During manufacture, the Purchaser or its representative shall
be entitled at all reasonable times to inspect and examine, on the Supplier’s premises, the materials and workmanship of Equipment to be supplied under the Contract and to witness the inspection, examination and tests carried out by the
Supplier. If part of the said Equipment is being manufactured on other premises the Supplier shall obtain for the Purchaser equivalent authorization as if the said Equipment were being manufactured on the Supplier’s premises. Such inspection,
examination and witnessing shall not release the Supplier from any of its obligation under the Contract. 

  

	12.3	During manufacture, the Supplier shall submit manufacture progress reports on forms as approved by the Purchaser at suitable time. Such monthly reports shall show the actual
progress completed as of date of the reports plotted against the schedule as given in the Contract, and shall be broken down so as to indicate status of purchased materials, detailed shop schedule, shipping dates, and the like as required in
accordance with the Contract. 

  

	12.4	For any tests to be performed on the premises of the Supplier or of any Sub-supplier, the Supplier shall provide free of charge such assistance, labor, materials, electricity, fuel
stores, apparatus and instruments as may be requisite and as may be reasonably required to carry out such tests efficiently. 

  

	12.5	If during manufacture, when inspecting, any Equipment or any part thereof is found to be not in accordance with the Contract, or in any other way defective, then the Supplier shall
promptly replace or re-manufacture the Equipment or part thereof so affected, or remedy the defect or non-conformance. Unless otherwise authorized by the Purchaser, the Supplier shall re-perform within a reasonable time and upon the same terms and
conditions such inspection, examination or test, at the expense of the Supplier. No such replacement, re-manufacture, remedy and associated inspection, examination or tests shall be regarded as a Force Majeure occurrence. 

 

	12.6	Should the Supplier fails to comply with the requirements of Clause 12.5 above the Purchaser shall have the right to remove the portion of the Equipment concerned from the Supplier
and to have the defect remedied by and the test re-performed by the means whatever the Purchaser shall decide, all at the Supplier’s expense. 

  

 27 

 General Terms and Conditions 
  

	12.7   	The Supplier shall ensure that it and its Sub-suppliers maintain good and clear systems of record so as to be able to store and recover the manufacturing and testing history of the
Equipment and of its major components. 

  

	12.8   	In-factory Acceptance Tests shall be conducted by the Supplier and witnessed by the Purchaser. The Supplier shall provide the Purchaser or its representatives with reasonable
working facilities and assist the Purchaser’s inspectors to obtain entry visas and deal with necessary formalities to stay and arrange boarding, lodging, medical care and communication means, etc. in accordance with Appendix B-5.

 The final version of the In-factory Acceptance Tests Procedures shall be issued by the Supplier and supplied to the Purchaser
prior to the beginning of the In-factory Acceptance tests. The Supplier shall subsequently, after consulting the Purchaser, give the Purchaser notice in writing in advance of the actual date and place at which any Equipment will be ready for
In-factory Acceptance Tests as provided in the Contract. 
  

	12.9   	Except in case of major deficiencies of the Equipment, the In-factory Acceptance Tests should be duly finished in a reasonable time as described in the Appendix B-5 of the Contract.

  

	12.10 	After completion of the In-factory Acceptance Tests, if the performance warranties specified in Appendix B and the Acceptance Test Procedures have all been satisfied and the
operation of all the Equipment has been normal during the course of the In-factory availability period and, a certificate of In-factory Acceptance Tests in two (2) copies shall be signed and issued by the Purchaser. However, the Supplier shall
not deliver the Equipment without In-factory Acceptance certificate and until all recognized defects have been remedied. The certificate shall be deemed as signed and issued by the Purchaser in the event that the Purchaser does not dispatch the
technical staffs to participate in aforesaid tests. 

  

	12.11 	The In-factory Acceptance Tests and the In-factory availability period shall not release the Supplier from its other obligations under the Contract. 

  

	12.12 	At an appropriate time, after arrival of Equipment at the Site, the Purchaser shall organize the opening of cases, inspection of packing and Equipment and such non-destructive
testing as it considers necessary (all being hereinafter referred to as “open-package inspection”), to establish the extent of any shortage or visible damage, to check the Equipment against shipping documentation and to check quality and
specifications against the requirements of the Contract. The Supplier is entitled to send its representatives at its own expense to join in the open-package inspection. The Purchaser shall inform the Supplier of the date and nature of inspection or
test *** prior to the open-package inspection. If the representatives of the Supplier cannot reach the Site in time, the Purchaser shall have the right to open the package and conduct the inspection independently. After the Supplier has staff on
Site, notice of *** in advance shall be given to the Supplier’s Site staff who may join in such inspection. 

  

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 General Terms and Conditions 
  

	12.13 	Should any shortage, damage or failure to meet quality standards and specifications stipulated in the Contract, be found affecting the delivered Equipment, during the open-package
inspection by the Purchaser and/or the Supplier, a detailed record shall be made and signed by representatives of the Parties. The record shall be sent to the Supplier after the Purchaser conduct the inspection independently as stated in Clause
12.12, if the Supplier disagrees on the record, the comments shall be sent to the Purchaser within *** after receipt, otherwise it shall be deemed that the Supplier accepted the record. This record shall be taken as conclusive evidence for the
Purchaser to claim replacement or repair from the Supplier, where the said shortage, defect, damage or failure is due to the fault of the Supplier. 

  

	12.14 	If the Parties cannot agree on the results of the open-package inspection or on any other means of testing to verify condition of the Equipment as received at Site then either Party
may submit the results to the local Branch of General Administration of Quality Supervision, Inspection and Quarantine of China for re-examination and the expenses thereof shall be borne by the liable Party. Any claim against the Supplier by the
Purchaser shall then rely upon the certificates issued by the same local Branch of General Administration of Quality Supervision, Inspection and Quarantine of China. 

  

	12.15 	Where it is found liable therefore under the Contract, the Supplier shall replace missing parts free of charge to the Purchaser, or repair, or if the Purchaser considers the repair
might cause potential defects or reduce the integrity of the Equipment, replace damaged parts free of charges to the Purchaser at the Site immediately after receiving the certificate of claim from the Purchaser and shall be responsible for the risk
and freight therefore to the erection Site and also the repeat inspection fee of the Purchaser. If the Supplier disputes the claim, its objection shall be raised within *** after receiving the certificate of claim. Consultation shall then take place
between the Parties. If the objection is raised later than ***, the Purchaser’s claim shall be upheld. 

  

	12.16 	Replacement or repair performed by the Supplier under Clause 12.15 shall be carried out as soon as practicable by and at the expense of the Supplier and if replacement or repair is
required urgently airfreight shall apply. 

  

	12.17 	The open-package inspection and tests mentioned above shall not release the Supplier from its liabilities under Chapter 14 of this Contract. 

  

	12.18 	The lists of standards and codes applicable to the inspection of Equipment to be provided by the Supplier and the delivery dates therefore are set out in the Appendices of the
Contract. If the aforementioned standards and codes are not delivered in time or delivered incompletely, the Purchaser shall be entitled to inspect the Equipment according to the existing standards or codes of a third party chosen by the Purchaser.

  

 29 

 General Terms and Conditions 
  

 Chapter 13 Erection, Commissioning, Testing and Acceptance 
  

	13.1	The erection, commissioning and performance test of the Equipment supplied under the Contract shall be organized and executed by the Purchaser. The Supplier shall provide
Documentation, technical assistance, advice and supervision at the Site so as to enable the Purchaser to complete the Contract and put it into operation in accordance with the Appendix B-8. 

  

	13.2	The responsibilities of the Site Supervision provided by the Supplier at the Site are as follows: 

  

	 	(i)	Assist the Purchaser or its erection contractor to review and to prepare its erection procedures and review with the Purchaser or its erection contractor its erection programs and
methods, and provide assistance to the erection contractor when required during the execution of the erection activities; 

  

	 	(ii)	Supervise mechanical erection and provide surveillance of the erection contractor’s erection quality and where required by the Purchaser certify, that quality of erection
conforms to the technical requirements of the Supplier; 

  

	 	(iii)	Assist the Purchaser to prepare and perform the correct commissioning and performance test program and procedures; 

  

	 	(iv)	Provide advice to the Purchaser on the conduct of start-up activities, to assist where necessary on resolution of technical matters and where required by the Purchaser certify, the
compliance with the Supplier’s requirements. 

  

	13.3	During the various stages of erection, commissioning and performance test both Parties shall duly cooperate with each other. In case of any technical problems arising, the Supplier
shall advise the Purchaser and analyze the causes and find the solution immediately. Additionally, necessary technical documents shall be provided by the Supplier at no cost to the Purchaser. 

  

	13.4	After completion of the erection of the Equipment, the commissioning, performance test, pre-operational test, demonstration run, and acceptance under the Appendices of the Contract
shall be carried out without unreasonable delay. The purpose of the above activities is to verify whether the Equipment meets the warranties and technical performances specified in the Contract. 

  

	13.5	After completion of the commissioning, performance test, pre-operational test, demonstration run, if the operation of all the Equipment is normal and the warranties and technical
performances of the Equipment have all been achieved, and all the known defects are remedied, the Equipment shall be deemed acceptable. Then a certificate of provisional acceptance (hereinafter called “Provisional Acceptance Certificate”)
in two (2) original copies shall be signed by both Parties and issued by the Purchaser, one (1) original copy to be retained by each Party. 

  

 30 

 General Terms and Conditions 
  

	13.6	Notwithstanding the provisions of Clause 13.3, if the pre-operational test, commissioning, demonstration run and performance test of the Equipment cannot meet the requirements of
one (1) or more items of warranties or technical performance due to the Supplier’s fault, the provisions of Chapter 14 shall apply. 

  

	13.7	If the commissioning, performance tests pre-operational test, demonstration run are delayed due to Supplier, the Supplier shall fulfill its responsibilities as defined in 13.2 at
any time upon the Purchaser’s request. The delay of the tests mentioned above shall not release the Supplier from its obligations under this Chapter. 

  

	13.8	The Provisional Acceptance Certificate of the Equipment under this Chapter shall not release the Supplier from its liabilities under the Contract. 

  

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 General Terms and Conditions 
  

 Chapter 14 Warranties and Defects After Delivery 
  

	14.1   	The Supplier warrants that all Equipment supplied shall be brand-new, of the quality required by the Contract and free from any Intellectual Property claim or other claim from any
third party. The Supplier further warrants that the Equipment shall satisfy the requirements of the interfaces and comply with the standards, codes, and Specifications specified in the Contract, with the objective of assuring long term, safe,
reliable and efficient operation, and easy maintenance. 

  

	14.1(A)	The Supplier warrants that all items of Equipment supplied under this Contract shall be free from defects in material and workmanship, conform to the applicable Specifications and
drawings and shall be free from design defects and suitable for the purposes intended by the Purchaser. 

  

	14.2   	Notwithstanding the provisions of Clause 14.1, the Supplier shall promptly notify the Purchaser of any improvement measures related to reliability or efficiency taken or proposed in
the light of experience feedback from its own activities or from any other customers. At any time up to the end of the Warranty Period, the Supplier shall be obligated to implement any such improving measures (if required to do so by the Purchaser)
free of charge to the Purchaser where such implementation is necessary to ensure reliability of the Equipment to the level envisaged by the Contract or its safe operation. 

  

	14.3   	The Supplier warrants the timely delivery of the Equipment in compliance with the scope of supply stipulated in Chapter 2. During the implementation of the Contract, if any item is
omitted which is required for safe and reliable operation or convenient maintenance or for achieving the performance stipulated in the Contract, the Supplier shall supply such item or make the necessary adjustment at no additional cost to the
Purchaser. 

  

	14.4   	The Supplier warrants that the Documentation shall be complete, clear and correct and shall meet the requirements of transportation, storage, acceptance testing, operation,
maintenance, management, quality control etc. under the Contract. 

  

	14.5   	The Supplier shall be responsible for making good any defect in or damage to any portion of the Equipment which may appear or occur under proper use during the Warranty Period and
which arises from defective materials, workmanship, design (other than a design furnished by the Purchaser and for which the Supplier has disclaimed responsibility) or the wrong instructions of the Supplier’s technical personnel or an error in
the Documentation. 

  

	14.6   	 If any such defect shall appear or damage occur, for which the Supplier is responsible, the Purchaser shall immediately inform the Supplier thereof stating in
writing the nature of the defect or damage. The Supplier shall promptly repair or, if the Purchaser considers that repair might cause potential defects or reduce the integrity of the Equipment, shall replace the defective or 

  

 32 

 General Terms and Conditions 
  

	 	 
damaged part of the Equipment, at the Supplier’s expense including all costs of removal, insurance, reinstallation, packing, transportation to and from
Site and if required urgently shall be freighted by air. If required by the Supplier, the Purchaser shall provide such labor, tools, materials and workshop facilities as are available at the Site and shall be reimbursed for all reasonable expenses
incurred in so doing. 

  

	14.7   	Where any defect or damage for which the Supplier is responsible under Clause 14.5 arises after the Equipment has been put into service, then for the repaired or replaced parts of
the Equipment, together with any other parts which cannot be used as a consequence of the said defect or damage, the Warranty Period shall be extended until *** after the repaired or replaced portion of the Equipment has been put back into service
by the Purchaser. 

  

	14.8   	Upon pursuant to this Chapter the Supplier shall supply a part in replacement of a defective or damaged part, the defective or damaged part shall become the property of the
Supplier, and shall be disposed of by the Supplier at its own expense. 

  

	14.9   	If any defect or damage be not remedied within a reasonable time, the Purchaser may proceed to do the Work at the Supplier’s risk and expense without affecting the
Supplier’s other liabilities under the Contract or otherwise. 

  

	14.10 	The Supplier shall make available the Equipment for delivery by the relevant Delivery Dates therefore stated in the Contract. If the Supplier fails to make available the Equipment
or any portion thereof by the relevant Delivery Date therefore it shall pay to the Purchaser as liquidated damages the entire amount of *** 

  

	  	*** 

  

	  	The liquidated damages for aforesaid delay shall not exceed ***. 

  

	  	Payment of liquidated damages for delay shall not release the Supplier from its obligations to continuously make the Equipment available and to deliver the Documentation in
question. 

  

	14.11 	In the event of any defect which may delay the safe and reliable erection, commissioning and testing being discovered through an open package inspection for which the Supplier is
responsible, then, in addition to its obligation to repair the said defect or to replace the Equipment in question in accordance with Chapter 12, the Supplier shall also be reliable to pay liquidated damages for delay in accordance with Clause 14.10
as if the Delivery Date thereof was the date when the defect was discovered and the Actual Delivery Date thereof was the date of delivery on board the vessel following rectification of the defect (or the date when the Supplier remedied the defect at
the Site). 

  

 33 

 General Terms and Conditions 
  

	14.12  	If the Supplier fails to perform the Services pertaining to this Contract on time as stipulated in the Contract, the Supplier shall be liable to pay the Purchaser liquidated
damages, at the following rate: 

 *** 
 The liquidated damages for delayed Services paid by the Supplier to the Purchaser shall not release the Supplier from the obligation of performing the delayed Services. 
  

	14.13  	In the event of the Equipment or any part of it failing to achieve its warranted performance as specified in Appendix B-6 during the acceptance tests carried out pursuant to Chapter
13, the Supplier shall take all steps to correct the deficiencies as soon as possible, and after the Supplier has been allowed to take remedial measures for up to *** after the carrying out of relevant performance test pursuant to Chapter 13, then
Appendix B-6 shall apply. 

  

	14.14  	The Parties may settle the disputes under this Chapter in accordance with the Chapter 34. 

  

	14.15  	Liquidated damages incurred for delay or failure to achieve warranted performance shall be paid by the Supplier to the Purchaser as stipulated in Clause 4.8.

  

	14.16  	Before the expiry of the Warranty Period, the Purchaser shall carry out an overall final inspection of the Equipment. The Supplier shall at its own expense dispatch its personnel to
participate in the inspection and the Purchaser shall provide to the Supplier reasonable access to the Equipment. If the overall final inspections of the Equipment are delayed, the Supplier shall fulfill its responsibilities as defined in this
Clause 14.16 at any time upon the Purchaser’s request. The Supplier shall deal promptly with any defect that are revealed thereby. As soon as the defects revealed within the Warranty Period have been remedied, the Purchaser shall issue a final
acceptance certificate (hereinafter referred to as the “Final Acceptance Certificate”) for the Equipment in two (2) original copies (each Party will hold one (1) original copy), thereby confirming that the Equipment is accepted
by the Purchaser. 

  

	14.17  	The Supplier warrants that it has been duly incorporated and organized, and is validly existing (i) in good standing and (ii) in compliance with all registration and
approval requirements. It has the corporate power and authority to own and operate its assets and properties and to carry on its business as currently conducted. 

  

 34 

 General Terms and Conditions 
  

	14.18  	The Supplier warrants that it has the power and authority to execute, deliver and perform this Contract to which it has signed as a party. All actions on the part of the Supplier
necessary for the authorization, execution, delivery of and the performance of all of its obligations under the Contract have been taken. 

  

	14.19  	The Supplier has obtained all consents, approvals, orders or authorizations of, or registrations, qualifications, designations, declarations or filings with, any government
authority or any other competent corporate authority required in connection with the execution, delivery and performance by the Supplier of the Contract, and to the knowledge of the Supplier, there is no reason to believe any of such consents,
approvals, orders or authorizations of, or registrations, qualifications, designations, declarations or filings with, any government authority will be suspended, cancelled or revoked. 

  

	14.20  	None of the Supplier or its designated agents or where applicable, the Sub-supplier is or has at any time been in violation of any law (including without limitation to, any laws
relating to the establishment and the operations), which may have a material adverse effect on the ability of the Supplier to perform its obligations under the Contract. 

  

	14.21  	Where applicable, each of the Supplier, its designated agents and the Sub-supplier has (i) all the necessary production and work safety facilities and equipment in accordance
with the relevant regulatory standards for production safety, (ii) passed all safety inspections conducted by the relevant Government Authorities and (iii) not had any major accidents, fatalities or any serious injuries suffered by its
personnel since its establishment and that to the knowledge of the Supplier, there is no reason to believe that is business operation will be subject to any closure order. 

  

	14.22  	The Supplier warrants that it or any of its affiliates are not a party to any litigation or arbitration proceedings or to any dispute and no litigation or arbitration proceedings
are threatened or pending either by or against the Supplier or any of its affiliates or any person for whose acts or defaults the Supplier may be variously liable and there are no facts known to the Supplier or any of its directors or officers which
might give rise to any such proceedings or to any dispute or to any payment that will affect the performance of this Contract by the Supplier. 

  

	14.23  	The Supplier is not subject to any order or judgment given by any court or governmental agency and has not been a party to any undertaking or assurance given to any court or
governmental agency which is still in force nor are there any facts or circumstances which would be likely to result in the Supplier becoming subject to any such order or judgment or being required to be a party to any such undertaking or assurance
that will affect the performance of this Contract by the Supplier. 

  

 35 

 General Terms and Conditions 

  

 36 

 General Terms and Conditions 
  

 Chapter 15 Additional Spare and Replacement Parts and Repairs to the Equipment 
  

	15.1  	The Supplier shall upon the Purchaser’s request at any time and from time to time promptly sell and supply to the Purchaser at reasonable prices derived from the prices quoted
in the Contract Price, Additional Spare and Replacement Parts for the Equipment during the operation life of the Project, subject to the provisions of this Chapter. 

  

	15.2  	If before the expiry of the period referred to in Clause 15.1 the Supplier intends to discontinue the supply of Additional Spare or Replacement Parts for the Equipment or any
portion thereof, it shall forthwith give notice to the Purchaser of such intention and either: 

  

	 	(i)	afford the Purchaser the opportunity (which shall be exercised within *** of ordering at reasonable prices such quantities of Additional Spare or Replacement Parts as the Purchaser
shall reasonably require in relation to the anticipated life of such Equipment or portion thereof; or 

  

	 	(ii)	deliver to the Purchaser free of charge within the above said period of *** such drawings, documentation, software, patterns, tools, moulds, specifications and such other
information and equipment as it may have in its possession and as the Purchaser shall require to enable the Purchaser to make or have made such Additional Spare or Replacement Parts, thereby ensuring as good a performance as initially planned and
the Supplier shall grant to the Purchaser without payment of any royalty or charge full right and liberty to make or have made such Additional Spare or Replacement Parts as aforesaid. 

  

	15.3  	If during the period referred to in Clause 15.1 the Supplier fails to fulfill the responsibilities in Clause 15.1 and 15.2, or becomes insolvent or commences to be wound up (not
being a member’s voluntary winding up for the purpose of re-construction), then the Supplier shall, so far as it is legally entitled so to do and if so required by the Purchaser, as soon as reasonably practicable deliver to the Purchaser free
of charge such drawings, documentation, software, patterns, tools, moulds, specifications and other information as are referred to in Clause 15.2 and the Purchaser shall be entitled to retain the same information for such time only as necessary for
the exercise by the Purchaser of its rights under this Chapter and if the Supplier so requires the same shall be returned by the Purchaser to the Supplier in good order and condition (fair wear and tear excepted) and at the Purchaser’s cost and
expense. 

  

	15.4  	If the Purchaser shall exercise its right under Clause 15.3, the Supplier shall also grant to the Purchaser without payment of any royalty or charge full right and liberty to make
or have made Additional Spare or Replacement Parts as aforesaid and for such purposes only to use, make and have made copies of all drawings, patterns, specifications and other information supplied by the Supplier to the Purchaser pursuant to the
Contract. 

  

 37 

 General Terms and Conditions 
  

	15.5  	In entering into the Contract, the Supplier undertakes to carry out such repairs to the Equipment as the Purchaser may require during the period referred to in Clause 15.1 and,
other than in respect of repairs for which the Supplier may be liable under the Contract, under separate orders from the Purchaser on commercial terms to be agreed and based on the following principles: 

  

	 	(i)	prices will not include more than the Supplier’s normal overhead recovery and margin for the type of Work in question; 

  

	 	(ii)	such prices will be presented to the Purchaser in such a manner as will clearly identify the various elements thereof, and 

  

	 	(iii)	the right of the Purchaser under Chapter 31 will be extended to cover agreements for repair to Equipment however made. 

  

	15.6  	The Supplier shall ensure that its Sub-suppliers comply with the provisions of this Chapter. 

  

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 General Terms and Conditions 
  

 Chapter 16 Liability for Accidents and Damage 
  

	16.1  	The Supplier shall fully indemnify, defend and hold harmless the Purchaser, the Purchaser’s affiliates, officers, directors, agents and employees from and against any and all
actual, direct or indirect losses, damages, liabilities, injury, actions, claims, costs and expenses (including the fees, disbursements and other charges of counsel reasonably incurred by the Purchaser in any action between the Supplier and the
Purchaser or between the Purchaser and any third party in connection with any investigation or evaluation of a claim or otherwise) resulting from or arising out of any breach by the Supplier of any warranties, covenants or agreements in this
Contract or other agreements in connection with this Contract, provided always that the same is due to any negligent act or omission of the Supplier or its Sub-suppliers and their respective servants or agents or materials or workmanship, subject to
the followings: 

  

	 	(i)	In the event of loss of or damage to the Equipment which is due to the negligence, breach of statutory duty, omission or default of the Supplier’s or its Sub-supplier’s
personnel whilst on Site the Supplier shall be liable to remedy such loss or damage in accordance with the provisions of Clauses 14.5 – 14.9 as if it was the result of defective materials, workmanship or design. 

  

	 	(ii)	Subject to the provisions of Clause 16.2 the Supplier shall not be liable to the Purchaser for any loss, damage or injury to the extent that it is caused by or arise from the
negligent act or omission of the Purchaser. 

  

	 	(iii)	In the event of any claim being made against the Purchaser for which the Supplier may be liable under the provisions of this Clause 16.1, the Supplier shall be promptly notified
thereof, and may at its own expense conduct all negotiations for the settlement of the same and any litigation that may arise therefrom. 

  

	 	(iv)	This clause is intentionally left blank. 

  

	 	(v)	In the case of loss of or damage to the Equipment in transit in the place of storage or on the Site arising from or occasioned by causes for which the Supplier is not responsible
under the Contract, in accordance with Clause 9.1 the Purchaser may instruct the Supplier to make good the same by repair or replacement. The price of such variation shall be determined in accordance with the provisions of Clause 15.5 and shall be
revised to credit the Purchaser with all insurance (if any) recoveries for such loss or damage to the Equipment, to the extent that such recoveries have been received by the Supplier. 

  

	 	(vi)	This clause is intentionally left blank. 

  

	 	(vii)	The insurance and other protections provided or to be provided to the Supplier pursuant to Chapter 18 remaining in full force and effect 

  

 39 

 General Terms and Conditions 
  

	16.2  	The liability of the Supplier to the Purchaser under Clause 16.1 shall terminate on the expiry of the period specified in Clauses 14.5-14.7. 

  

	16.3  	Unless caused through the act, default or neglect of the Purchaser, the Purchaser shall have no liability whatsoever in respect of any damages or losses suffered by the Supplier,
its employees, designated agent or Sub-supplier during the course of performing this Contract. 

  

 40 

 General Terms and Conditions 
  

 Chapter 17 Licensing 
  

	17.1  	The Supplier warrants that the Works carried out by the Supplier, its designated agents or where applicable, the Sub-supplier will have a level of safety consistent with the
regulations established and approved by the appropriate authorities in the People’s Republic of China as included in the Contract and the safety standards issued by the country of origin of the Supplier. 

 If certain parts of the Works do not fully comply with the above regulations or safety standards, the Supplier should promptly remedy any defect and
justify the adequacy of safety level of the Works and make appropriate proposal for solving this issue to the Purchaser. 
  

	17.2  	Should the licensing authorities in the People’s Republic of China request the Purchaser to provide information, the Purchaser will notify the Supplier, and the Supplier shall,
free of charge, provide the information requested in relation to the Works carried out by the Supplier. If new studies under this Contract are required for safety justification, the cost shall be borne by the Supplier. 

  

	17.3  	The Supplier shall, at its own expense, provide the Purchaser with the services of any relevant qualified specialists who are required for the due performance of this Contract and
assisting the Purchaser in submitting the applications for the regulatory construction permits and operating licenses for the Project. 

  

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 General Terms and Conditions 
  

 Chapter 18 Insurance 
  

	18.1  	This section is intentionally left blank. 

  

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 General Terms and Conditions 
  

 Chapter 19 Taxes and Duties 
  

	19.1  	All taxes and duties in connection with and in the performance of the Contract levied by Chinese government on the Purchaser in accordance with the tax laws of People’s
Republic of China and local laws/statutes and the agreement between the government of the People’s Republic of China and the government of the country which the foreign member of the Supplier or its Sub-suppliers is from for the reciprocal
avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income shall be borne by the Purchaser. 

  

	19.2  	All taxes and duties in connection with and in the performance of the Contract levied by Chinese government on the Supplier and its Sub-suppliers, in accordance with Chinese tax
laws of People’s Republic of China, local laws/statutes and the agreement between the government of the People’s Republic of China and the government of the country which the foreign member of the Supplier is from for the reciprocal
avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, shall be borne by the Supplier and where applicable, its Sub-suppliers. 

 The Supplier shall be obliged to pay the relevant taxes directly to the Chinese tax authorities. In case as required by Chinese tax laws, the Purchaser is
legally obliged to withhold, certain amount of taxes under this Contract and pay them to the relevant Chinese tax authorities, the Purchaser has the right to withhold and pay such amount of taxes to the relevant Chinese tax authorities. After
receiving the tax receipts issued by the relevant Chinese tax authorities for the aforesaid taxes, the Purchaser shall submit them to the Supplier without undue delay. The Supplier shall take necessary measures to facilitate the withholding and
payment of such taxes. 
  

	19.3  	All taxes and duties arising outside PRC in connection with and in performance of the Contract shall be borne by the Supplier. 

  

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 General Terms and Conditions 
  

 Chapter 20 Force Majeure 
  

	20.1  	Should either Party be prevented from performing any of its obligations under this Contract due to the event of Force Majeure (as defined in Clause 1.13), the time for performing
those obligations under the Contract shall be extended by a period equivalent to the effect of such Force Majeure. The affected Party shall immediately notify the other Party of occurrence of such an event by fax and send by registered airmail a
certificate issued by competent authorities or agency confirming the event of the Force Majeure within *** following its occurrence. 

 Upon occurrence of Force Majeure, the affected Party shall make his utmost efforts to take immediate and reasonable actions in order to minimize such effects and damages. 
 The Parties shall continue the performance of their other obligations under the Contract insofar as these are not directly affected by the event of Force
Majeure occurrence. 
  

	20.2  	The affected Party shall not be liable for any delay or failure in performing any of its obligations due to the event of Force Majeure. However, the affected Party shall inform the
other Party by fax the termination or elimination of the event of Force Majeure as soon as possible. 

  

	20.3  	Both Parties shall proceed with their obligations immediately upon the cease of the event of Force Majeure or the removal of the effects and the Delivery Date and the Schedule shall
be extended correspondingly. Should the effect of the event of Force Majeure last for more than ***, both Parties shall promptly meet and discuss methods to resolve the difficulties arising from the event of Force Majeure. 

 

 44 

 General Terms and Conditions 
  

 Chapter 21 Vesting of the Equipment and Documentation 
  

	21.1	Equipment supplied or intended to be supplied pursuant to the Contract shall become the property of the Purchaser at whichever is the earliest one of the following events:

  

	 	(i)	when in accordance with the provisions of Chapter 5 the Equipment has been delivered; 

  

	 	(ii)	when in the event of termination pursuant to Chapter 26, all amounts due and payable to the Supplier in respect thereof have been received by the Supplier. 

 

	21.2	In the event of any Equipment becoming the property of the Purchaser pursuant to the Contract and subsequently being rejected by the Purchaser pursuant to Clause 14.14 such
Equipment shall forthwith upon such rejection cease to be the property of the Purchaser and become the property of the Supplier. 

  

	21.3	All Documentation used for the purpose of the Contract and other documents which are the property of the Supplier and are additional to the Documentation to be submitted in
accordance with the Contract (and which shall include but not be limited to shop drawings) shall immediately vest in and become the property of the Purchaser upon an event of bankruptcy or in the event the Work on the Equipment is terminated in
accordance with Chapter 24. The Purchaser shall be entitled to use any such designs, Documentation and other documents for the purpose of procuring Equipment not delivered in accordance with the Contract or for any other reasonable purpose.

  

 45 

 General Terms and Conditions 
  

 Chapter 22 Infringement 
  

	22.1	The Supplier warrants that it has the legal right and authority and has obtained all necessary permissions to supply to the Purchaser the Equipment, Documentation and Services in
accordance with the terms of the Contract. The Supplier shall indemnify the Purchaser against all actions, claims, demands, costs, charges, and expenses arising from or incurred by reason of any infringement or alleged infringement of Intellectual
Property rights by any third party for use of any Equipment supplied by the Supplier, but such indemnity shall not cover any use of the Equipment otherwise than for the purpose indicated by or reasonably to be inferred from the Contract or any
infringement which is due to the use of any Equipment in association or combination with any other Equipment not supplied by the Supplier. 

  

	22.2	In the event of any claim being made or action brought against the Purchaser arising out of the matters referred to in the Clause 22.1, the Supplier shall be promptly notified
thereof and shall at its own expense conduct all negotiations for the settlement of such claim or action, and any litigation that may arise therefore. The Purchaser shall have the right to be represented in any such action by advisory counsel of its
own selection and at its own expense. The conduct by the Supplier of such negotiations or litigation shall be conditional upon the Supplier having first given to the Purchaser such reasonable security or collateral as shall from time to time be
required by the Purchaser to cover the amount, as the case may be, of any compensation, damages, expenses, and costs for which the Purchaser may become liable. The Purchaser shall, at the request of the Supplier, afford all available assistance for
the purpose of contesting any such claim or action, and shall be repaid all reasonable expenses incurred in so doing. 

  

	22.3	In the event that the Purchaser should at any time be of the opinion that the security or collateral provided pursuant to Clause 22.2 is inadequate or should the Purchaser
reasonably be dissatisfied with the conduct by the Supplier of such litigation involving the Purchaser, the Purchaser shall have the right to assume responsibility for defense of such litigation at the expense of the Supplier without waiver of any
rights and benefits provided under the Contract. 

  

	22.4	If the Supplier shall be prevented from carrying out its obligations under the Contract due to any infringement or alleged infringement of Intellectual Property rights, the
Purchaser may treat such inability as a default by the Supplier. 

  

	22.5	The Purchaser on its part warrants that any design or instructions furnished or given by the Purchaser to the Supplier shall not be such as will cause the Supplier to infringe any
letters patent, registered design, copyright, trade mark or trade name in the performance of the Contract. 

  

 46 

 General Terms and Conditions 
  

	22.6	The Supplier shall promptly give notice to the Purchaser if the Supplier has or acquires knowledge of any Intellectual Property rights under which a suit for infringement could
reasonably be brought because of the use by the Purchaser of components, machinery, materials, compositions, process or methods, or their incorporation by the Supplier in the Equipment. Following notification to the Purchaser, the Supplier shall not
incorporate in the Equipment, any such components, machinery, materials, compositions, processes or methods without the prior written approval of the Purchaser. 

  

 47 

 General Terms and Conditions 
  

 Chapter 23 Assignment 
  

	23.1	The Parties agree that the benefits, rights and obligations of any Party under this Contract can be assigned to any third party, subject to the prior written approval by the other
party and such approval shall not be unreasonably withheld. 

  

	23.2	Notwithstanding the Supplier assigning all or part of its rights and obligations under this Contract to any third party, the Supplier shall assume the full, overall and ultimate
responsibility for the due performance of its obligations under this Contract. 

  

 48 

 General Terms and Conditions 
  

 Chapter 24 Supplier’s Default 
  

	24.1	Without prejudice to any rights and remedies to which the Purchaser may be entitled, if Supplier neglects to perform the Contract with due diligence and expedition, or refuses or
neglects to comply with any reasonable orders given to the Supplier in writing by the Purchaser in connection with the performance of the Contract, or contravenes the provisions thereof, or any stipulation in the Contract, the Purchaser may give
notice in writing to the Supplier to make good the neglect, refusal, or contravention complained of. 

  

	24.2	Should the Supplier fail to comply with a notice given by the Purchaser in accordance with Clause 24.1 within *** from the date of service thereof in the case of a failure, neglect
or contravention capable of being made good within that time, or otherwise within such time as may be reasonably necessary for making it good, then, and in such case the Purchaser may forthwith suspend, or terminate the Contract or any part thereof
by notice in writing to the Supplier. 

  

 49 

 General Terms and Conditions 
 Chapter 25 Bankruptcy 
  

	25.1	Without prejudice to any other rights or remedies to which the Purchaser may be entitled, if the Supplier become bankrupt or insolvent, or have a receiving order made against it, or
compound with its creditors, or be a corporation commence to be wound up (not being a member’s voluntary winding up for the purpose of amalgamation or reconstruction) or have a receiver or manager of its business appointed, the Purchaser may
either: 

  

	 	i)	terminate the Contract forthwith by notice in writing to Supplier or to the receiver or liquidator or to any person in whom the Contract may become vested; or

  

	 	ii)	give such receiver, liquidator, or other person the option of carrying out the Contract subject to his providing a guarantee for the due and faithful performance of the Contract up
to an amount to be agreed. 

  

 50 

 General Terms and Conditions 
 Chapter 26 Suspension and Termination 
  

	26.1	The Purchaser may, at any time, suspend the Work on the Equipment or any part thereof for any reason whatsoever on giving notice in writing to the Supplier specifying that portion
of the Work to be suspended and the effective date of suspension. The Supplier shall suspend such Work on the effective date but it shall continue to carry out all other Work under the Contract. 

  

	26.2	In the event that the Purchaser suspends any Work in accordance with Clause 26.1 it shall then issue a Variation Order in accordance with Chapter 9 to amend the Contract Price and
Delivery Dates of the supply so as to reflect the effects of such suspension, if any. The Contract Price revision shall be limited to the actual extra cost incurred and paid by the Supplier resulting from the said suspension, provided that the
Supplier has taken all necessary steps to mitigate such cost. 

  

	26.3	Notwithstanding the foregoing, if the Purchaser suspends Work on the Equipment or any part thereof pursuant to Chapter 24, no Variation Order shall be issued and no revision of or
adjustment to the Contract Price or Delivery Date shall be allowed. 

  

	26.4	The Purchaser may at any time authorize resumption of all or any portion of Work suspended as aforesaid by giving notice in writing to the Supplier specifying the Work to be resumed
and the effective date of resumption. 

  

	26.5	The Purchaser may, at any time, terminate Work on the Equipment or any portion thereof for any reason whatsoever by giving written notice to the Supplier specifying the extent and
the effective date of such termination. The Supplier shall terminate such Work on the effective date but it shall continue to carry out all other Work under the Contract. 

  

	26.6	In the event of the Purchaser terminating Work on the Equipment or any portion thereof (otherwise than in consequence of default or bankruptcy on the part of the Supplier), the
Supplier shall be entitled to the payment to the extent of the followings: 

  

	 	i)	the Contract Price for the Equipment which is the subject of the notice of termination and calculated at the effective date of such notice; 

  

	 	ii)	the actual reasonable and necessary net cost of materials (or cancellation charges in respect thereof) unused and ordered for the Equipment which shall have been delivered to the
Supplier or of which the Supplier is legally liable to accept delivery, such materials becoming the property of the Purchaser upon such payment being made by the Purchaser to the Supplier; and 

  

	 	iii)	any other actual reasonable and necessary net costs incurred and paid by the Supplier as a direct consequence of termination and approved by the Purchaser. 

 

 51 

 General Terms and Conditions 
  

 The above sum shall be offset by the outstanding balances, if any, due from the Supplier for advances
previously paid by the Purchaser. 
 The Purchaser shall issue a Variation Order pursuant to Chapter 9 reducing the Contract Price in
accordance with this Clause. 
  

	26.7	In the event of termination of Work on the Equipment or any portion thereof in accordance with Clause 26.5, the Supplier shall in respect of any undelivered Equipment, whether fully
manufactured or is in the course of manufacturing and which is the subject of the termination, make such arrangements on behalf of the Purchaser as in all the circumstances may be reasonable to deliver to the Purchaser or its nominee or to store and
insure in the name and to the reasonable satisfaction of the Purchaser such items of Equipment for their full replacement value against such risks as is practicable. 

  

	26.8	In the event of the Purchaser terminating Work on the Equipment or any portion thereof in accordance with the provisions of Chapter 24 or Chapter 25, the Purchaser, in addition to
its rights under those Clauses, shall be entitled to take possession of and remove from the Supplier’s premises as and when it shall be convenient for the Purchaser so to do, all Equipment, Documentation, drawings and specifications, the
property in which has passed to the Purchaser pursuant to the Contract and the Supplier shall afford to the Purchaser all rights of access and all reasonable facilities to enable it to remove such Equipment, Documentation, drawings, and
specifications as aforesaid. The Purchaser shall have the right to carry out the Work terminated as aforesaid by whatever means it deems most expedient and the Supplier shall be liable for and shall pay to the Purchaser the additional cost, if any,
which the Purchaser may incur as a result of carrying out and completing such Work including all costs of removal as aforesaid. 

  

	26.9	In the event of any termination mentioned above: 

  

	 	(i)	the Supplier shall execute and deliver to the Purchaser all Documentation required by the Purchaser and take all reasonable steps to fully vest in the Purchaser the rights and
benefits of the Supplier under existing agreements with vendors, Sub-suppliers and others related to the Contract; 

  

	 	(ii)	the applicable provisions of the Contract shall continue in full force and effect as to all Work which is not terminated. 

  

 52 

 General Terms and Conditions 
 Chapter 27 Statute and Other Regulations 
  

	27.1	The Supplier shall comply, and require compliance by its Sub-suppliers, with all applicable laws in all jurisdictions in connection with the Contract and in this context law
includes any law (national, state, municipal, local or other) and any requirement, ordinance, rule or regulation of any governmental authority or agency. 

  

	27.2	Except as otherwise provided in the Contract, the Supplier shall obtain at its own expense all licenses to do business in the country or countries wherein any Work required by the
Contract is performed and shall obtain all temporary permits and authorizations required by law for prosecution of such Work and shall give all required notices. 

  

 53 

 General Terms and Conditions 
 Chapter 28 Liens 
  

	28.1	If at any time during the performance of the Contract there should be evidence of any lien or claim to which the Purchaser’s property might be subject and which arises from
failure of the Supplier, the Supplier shall maintain the Project schedule, defend or protect the title or supply to the Purchaser a replacement for the item of Equipment affected by the lien or claim. Such replacement by the Supplier shall in no way
limit the Purchaser’s rights under Chapter 14 in respect of delay and performance. 

  

	28.2	If any such lien or claim remains undischarged after completion or termination of the Works, the Supplier shall promptly refund to the Purchaser all amounts that the Purchaser may
be compelled to pay in discharging such lien or claims, including all costs and reasonable legal fees. 

  

 54 

 General Terms and Conditions 
 Chapter 29 Independence of the Supplier 
  

	29.1	Neither the Purchaser nor the Purchaser’s representatives shall have authority to supervise the employees, representatives or Sub-suppliers of the Supplier. The Supplier shall
have no authority to make any statements, representations or commitments of any kind or to take any action that shall be binding upon the Purchaser, except as provided for in the Contract. 

  

 55 

 General Terms and Conditions 
 Chapter 30 Conflict of Interest 
  

	30.1	This Chapter is intentionally left blank. 

  

 56 

 General Terms and Conditions 
 Chapter 31 Business Ethics 
  

	31.1	The Supplier and its agents are not expected or authorized to take any action on behalf of the Purchaser that would violate applicable laws. All financial statements, reports and
invoices rendered shall properly reflect the facts about all activities and transactions handled for the account of the Purchaser. The Supplier shall immediately notify the Purchaser of any and all violations of this Clause upon becoming aware of
such violation. 

  

 57 

 General Terms and Conditions 
 Chapter 32 Confidentiality 
  

	32.1	Save as agreed by the Purchaser in writing, the Supplier, its designated agents and its Sub-suppliers shall, except as may be reasonably necessary for the Supplier to carry out the
Work under the Contract, at all times keep confidential (i) the terms of this Contract and any other ancillary agreements or documents; (ii) the Purchaser’s Intellectual Property rights including without limitation to the
Purchaser’s inventions, know-how and technical processes; (iii) any information concerning the organization, business, technology, safety records, investment, finance, transactions or affairs of the Purchaser or its directors, officers or
employees (whether conveyed in writing, oral or in any other form and whether such information is furnished before, on or after the date of this Contract); and (iv) any other information or materials prepared by the Purchaser or its
representatives that contains or otherwise reflects, or is generated from the above mentioned confidential information. In particular the Supplier shall not publish any information, drawing or photographs concerning the Equipment, the Project or the
Contract except with the written consent of the Purchaser and subject to such reasonable conditions as the Purchaser may prescribe. The Supplier shall procure that each of its affiliates, designated agents, Sub-supplier shall comply with the
obligations hereunder. 

  

	32.2	With regard to any software developed by the Supplier specifically for the Contract, the title thereto shall vest in the Supplier but the Supplier shall grant to the Purchaser the
free and unfettered right to use and modify such software for its own use. 

  

	32.3	With regard to any software supplied under the Contract over which the Supplier or third parties hold title or other rights, the Supplier shall permit or procure for the Purchaser
(as the case may require) the right to use and apply that software free of additional charge (together with any modifications, improvements or developments thereof) in the operation of the Equipment and in the operation of other equipment owned or
used by the Purchaser. 

  

	32.4	With regard to any software such as is referred to in Clause 32.3, the Purchaser undertakes not to disclose or make available any part or parts thereof to any third party without
the prior written consent of the Supplier. 

  

	32.5	The Supplier’s permission referred to in Clause 32.3 shall be given (inter alias) to enable the Purchaser to disclose (under conditions of confidentiality satisfactory to the
Supplier) programs and documentation for a third party to undertake the performance of services for the Purchaser in respect of such programs and documentation. 

  

 58 

 General Terms and Conditions 
 Chapter 33 Availability of Information 
  

	33.1	The Purchaser’s duly authorized representatives shall have, during the performance of the Contract and for *** thereafter, access at all reasonable times to all the
Supplier’s and its Sub-suppliers’ personnel, accounts and records of all description, including but not limited to computer files, pertaining to the Contract to verify or review the quantity, quality, work program and progress of the
Equipment, reimbursable costs, amounts claimed by the Supplier, estimates for proposed variations, and for any other reasonable purposes. The Supplier and its Sub-suppliers shall preserve all such accounts and records for a period of ***. The
Purchaser’s duly authorized representatives shall have the right to reproduce any such accounts and records. 

  

	33.2	This Clause is intentionally left blank. 

  

	33.3	The Supplier shall include the necessary provisions in its sub-contracts to ensure that its Sub-suppliers comply with the provisions of this Chapter. 

  

 59 

 General Terms and Conditions 
 Chapter 34 Settlement of Disputes 
  

	34.1	This Contract shall be governed by and construed in accordance with the laws of Hong Kong and any dispute or claim arising out of or in connection with or relating to the terms of
this Contract, or the breach, termination or invalidity hereof shall be subject to the non-exclusive jurisdiction of the Courts of Hong Kong. 

  

 60 

 General Terms and Conditions 
 Chapter 35 Notices 
  

	35.1	Except as otherwise provided in the Contract or agreed by the Parties during the performance thereof, all notices required by the Contract shall be in writing and shall be delivered
to the Purchaser or the Supplier as appropriate at their office addresses as agreed by the Parties: 

 Each Party shall promptly
notify the other Party of any modification to the above details. 
  

	35.2	The date of any notice shall be the date it is first received by the addressee or the office of the addressee, whichever is the earlier. 

 Chapter 36 Construction of Contract 
  

	36.1	The construction, validity, interpretation, performance, implementation and all matters relating to this Contract and any amendment thereto shall be governed by the United Nation
Convention for the International Sale of Goods. However, to the extent the United Nation Convention for the International Sale of Goods does not cover, the law of Hong Kong shall apply. 

  

 61 

 ITT No.:ITTSPK00026 
 Appendices 
 Appendix B 
 Appendix B-1 Scope of Supply 
 Appendix B-2 Technical Conditions 
 Appendix B-3 Technical Description 
 Appendix B-4 Quality Assurance 
 Appendix B-5 Inspection and Testing in Workshop 
 Appendix B-6 Performance
Warranties 
 Appendix B-7 Sub-suppliers 
 Appendix B-8 Schedule

 Appendix B-9 Codes Rules and Guides 
 Appendix B-10 Project
coordination and management 
 Appendix B-11 Dossier of Attachments and Document Requirement 
 Appendix B-12 Equipment Localization 
 Appendix B-13 Safety Management Requirements 
 Remark: Appendices B shall form integral parts of the Contract. 
  

 63 

 Appendix B-1 
 Scope of Supply 
 Equipment 
 Each of the following equipment forms a complete system necessary for the normal operation of the Reactor. The system includes but not limited to the followings: 
  

							
	Name of Equipment	  	Q’ty	 	 Remarks

	1.	  	Reactors (*** electrodesdesign)* (each set includes the following parts)	  	***	 	 *with complete accessories

		  	 2.1    Reactor cylinder
	  		 	 Refer to the drawing for details

				
		  	 2.2    Base-plate
	  		 	
				
		  	 2.3    Electrodes
	  		 	Refer to the schematic drawing provided by the purchaser; parts connected with the working media inside the Reactor will be silver-plated.
		  	 2.4    Initial Electrodes
	  		 
				
		  	 2.5    Mixed gas supply pipe
	  		 	
				
		  	 2.6    Mixed gas exhaust pipe
	  		 	
				
		  	 2.7    Reactor rack
	  		 	
				
		  	 2.8    Leading poles
	  		 	
				
		  	 2.9    The shielding cover of the reactor rack
	  		 	
				
		  	 2.10 Lifting equipment specially designed for the reactor
	  		 	 [Total: *** pcs for *** reactors]

				
		  	 2.11 The ceramic insulation ring
	  		 	
				
	3.	  	 Reactor (*** electrodes design)
	  	***	 	 *with complete accessories

  

 1 

	1.	Seals, heat and electrical insulation will be provided for all the equipment parts. All the external connected flanges will be provided in companion. 

  

	2.	Valves: *** valves to be equipped on the bottom of reactor, specifications and suppliers of the valves should be provided by MSA, the purchaser make the choice and pay for it.

  

	3.	MSA provides all the civil engineering and installation conditions of the reactor 

  

	4.	MSA provides full set of drawings of reactor, (include full set of the part, accessory, assembling drawings.) and the full set of technical document of design etc.

 Spare parts 
 *** 
  

	4.	 The Purchaser will buy the following spare parts for *** from the 

  

 2 

			
	Supplier:	  	

 *** 
 The Supplier will quote the prices for this lot of spare parts within *** from the date of this Contract. 
  

	5.	The Supplier will provide the shop drawings of all the seals. 

 Documents 
 The following technical manuals and documents will be written in English, provided in one (1) copy in print together with
two (2) electronic edition in CD ROM. Metric systems will be used in the technical documentation. English will be the working language. 
  

	1.	Technical documentation to be provided 

 *** 

 

 3 

 *** 
  

 4 

 Services 
 *** 
 Onsite Service Schedule 
  

											
	 Equipment
	  	Description	  	Persons xdays	 	Staff make-up
	  	  	 	Title	  	persons	 	Days
	 Reactor-set
	  	Installation	  	***	 	Engineer	  	***	 	***
	  	Supervision	  	 	Technician	  	***	 	***
						
	 Reactor-set
	  	Commissioning	  	***	 	Expert	  	***	 	***
	  	  	 	Engineer	  	***	 	***

  

 5 

 Appendix B-2 
 Technical Conditions 
  

	1.	Equipment parameters 

	 	    Reactor 

 Number of doubles: ***

 Length of doubles: *** 
 External diameter of Reactor-cylinder: *** 
 *** 
 External diameter of the cooling cabinet: *** 
 Working media inside the reactor: 
*** 
 Working media inside the cooling cabinet: *** 
 Interior working pressure: *** 
 Interior working temperature: *** 
 Working
pressure inside the cooling cabinet: *** 
 Working temp. in the cooling cabinet: *** 
 Design temperature inside cooling cabinet: *** 
 Number of power supply connections: *** 
 Number of material gas inlet jets: *** 
 Number of show windows: *** 
  

	2.	Reactor Material Supply Data (for reference) 

  

							
	  	  	beginning	  	ending	  	average
	 SiHCl3 kg/h
	  	***	  	***	  	***
	 H2 Nm3/h
	  	***	  	***	  	***
	 Mixed gas Nm3/h
	  	***	  	***	  	***

  

 6 

	3.	Material list 

 Stainless Steel Reactor

 Material List 
 ***

 Electrode 
 Material List 
 *** 
  

 8 

 Appendix B-3 
 Technical Description 
  

	1.	Deposition Reactors 

 The Reactor consists of a cylinder
type case and a base-plate. Cylinder-case and the base-plate are surrounded with a cooling cabinet. 
 All surfaces, which are in direct
contact with the process are stainless-steel, electropolished. 
 The following parameters and data have been considered: 
  

	1.1	Concept and capacity 

 *** 
  

	1.2	Dimension 

 *** 
  

 9 

	1.3	Design data 

  

	 	1.	The design should meet both the current German/Europe standards and Chinese standards for manufacturing and import pressure vessel to China. 

  

	 	2.	Design of pipes and flanges should conform to the metric system. 

  

	1.4	Reactor functionality 

 *** 
  

			
	Notice: 	 	Above mentioned time frame may be reduced by experienced operating parameters and well-trained operators

  

 10 

 Reactor-Construction 
  

	1.5	Base-plate 

 *** 
 Reactor Armatures 
  

	1.6	Electrodes/Initial electrodes (designed by the purchaser) 

 *** 
  

 11 

 The filaments are put into this device with square connection. 
  

	1.7	Mixed-gas supply pipes 

 *** 
  

	1.8	Exhaust-gas pipe 

 *** 
  

	1.9	Heat insulation 

 The Reactor will be completely insulated
with a heat protection system. The supplier shall provide design for the system. 
 This system will be provided by the purchaser 

 

	2.	Design basis 

 *** 
  

 12 

 Standards: 
 The whole set of reactor and documentation, should adopt current German / Europe standards and current Chinese standards, required for manufacturing and import of pressure vessels to China. The reactors are made in
Germany. 
 The standards adopted during the inspection and acceptance will be the current German / Europe standards and the above mentioned Chinese
standards. 
 Technical standards of manufacture are specified as follows: 
  

	1.	Manufacturing specification acc.to AD-2000 rules (DIN ISO) and EPD 97/23 EG 

  

	2.	General technical conditions of welded pressure Vessel AD2000 and DIN ISO 

  

	3.	Welding technology acc.to DIN ISO 

  

	4.	Filler material acc.to DIN ISO 

  

 13 

	5.	Material standards acc.to DIN ISO 

  

			
	          Stainless-steel
	  	DIN 17 440
		
	          C-steel
	  	DIN 17 155
		
	          Screw
	  	DIN 267/13
		
	          Nuts
	  	DIN 267/11
		
	          Flanges
	  	DIN 2505

  

	6.	Testing and Inspection 

  

			
	          Ultrasonic test
	  	acc.to DIN ISO
		
	          Radiographic test
	  	acc.to DIN ISO
		
	          Color test
	  	acc.to DIN ISO
		
	          Hydraulic test
	  	acc.to DIN ISO

  

 14 

 Appendix B-4 
 Quality Assurance 
 This section is intentionally left blank 
 Appendix B-5 
 Inspection and Testing in
Workshop 
 After the equipment being manufactured, representatives from both parties will attend the inspection and acceptance of equipment at the work
shop of the Supplier. The Supplier will provide an Inspection and testing manual which is evaluated by the purchaser. 
 Before packing and delivery, the
Purchaser will dispatch a group of inspectors to inspect the equipment at the workshop of the Supplier. 
 The Supplier shall be responsible for the charge
of transportation (including round trip air tickets), accommodations and staying in Germany for *** for a *** person inspection group dispatched by the Purchaser. 
  

 15 

 Appendix B-6 
 Performance Warranties 
  

	1.	Warranties values for technological performance . 

 Average deposition rate (diameter): *** 
 Deposition diameter: *** 
 1 working cycle: *** 
 Polysilicon output of
one reactor per working cycle: *** 
 Polysilicon production capacity of one reactor per year: *** 
 Warranties values for equipment performance 
 Reactor uptime: *** 
 Working time: *** 
 Working cycle: *** 
 Lifetime of the whole set: approx. ***, depending on professional operation and
maintenance 
  

	2.	The Performance Test will be carried out on worksite of the Purchaser, according to the items specified in Appendices 2 and 3. 

  

	3.	Method of the Performance Test 

  

	3.1	Testing Plans 

 Within *** after the contract becomes
effective, the Supplier will make out the plans for system commissioning and performance test. These plans will specify the analysis, and inspection, and the principles of the test, etc. These plans will be submitted to the Purchaser for approval
before enforcement. 
  

	3.2	Performance Test 

  

	3.2.1 	The test will be carried out according to the warranties values. 

  

	3.2.2 	All the parameters collected during the performance test will be counted, calculated, and appraised. 

  

	3.2.3 	Measures taken when the performance test fails 

 In case
the warranties values are not fulfilled during the performance test, the Purchaser has the right to require the Supplier to repair the equipment and/or pay a penalty, 
  

	3.2.3.1	Polysilicon output of one reactor per working cycle (the warranted Values and related parameters are specified in Clause 1 of Appendix 2). 

  

 16 

	  	With *** continuous working cycles (*** deposition time) of one Reactor, the average output of the *** working cycles will be regarded as the tested production value.

  

	3.2.3.2 	For a decrease of *** (including ***), the Supplier shall be obligated to pay *** as the liquidated damages; for a decrease of *** (including ***), the Supplier shall be obligated
to pay *** as the liquidated damages; for a decrease exceeding *** (including ***), the Purchaser has the right to demand the Supplier to pay *** as the liquidated damages, or to reject the equipment and meanwhile the Supplier is obliged to pay ***
as the liquidated damages and refund the money. 

  

	3.2.4 	The Supplier is not responsible for any interruption or delay, caused by Force Majeure as defined in Contract. 

  

	3.2.5 	The Supplier is also not responsible for any non-performance , interruption or delay, caused by the followings: 

  

	 	(1)	if the Purchaser does not supply sufficient and qualified mixed-gas for the deposition process; and 

  

	 	(2)	if the Purchaser fails to provide sufficient and qualified utilities, like power-supply, thyristor power, process control, cooling-water, process exhaust-gas discharge.

 Additional costs and expenses born by the Supplier by aforesaid 3.2.5.(1) and (2) will be reimbursed by the Purchaser. 
  

 17 

 Appendix B-8 
 Schedule 
  

	1.	Equipment delivery schedule [to be confirmed] 

  

	 (a)
	 The Supplier shall complete the basic design and calculation of the new reactor *** by no later than end -*** and
that the Supplier will provide the relevant design details and drawings to the Purchaser for necessary evaluation and reference. The Parties agree that the *** reactors for phase *** of the Purchaser’s silicon project shall adopt the
design of *** and the *** reactor shall use the new design of ***. 

  

	(b)	The Supplier shall provide an update from time to time in respect of the design and technical details of the new reactors for phase *** of the Purchaser’s silicon project.

  

	 (g)
	 The Supplier shall deliver the first batch of *** Sets (i.e. *** to *** unit of *** design reactors with complete
accessories by no later than ***, CFR Shanghai Seaport (or no later than ***, Ex Germany). 

  

	 (h)
	 The Supplier shall deliver the second batch of *** Sets (i.e. *** to *** unit of *** design reactors with complete
accessories by no later than ***, CFR Shanghai Seaport (or no later than ***, Ex Germany). 

  

	 (i)
	 The Supplier shall deliver the third batch of *** Sets (i.e. *** to *** unit of *** design reactors with complete
accessories by *** week of ***, CFR Shanghai Seaport, (or no later than ***, Ex Germany). 

  

	 (j)
	 The Supplier shall deliver the *** design reactor together with complete accessories by no later than ***, CFR Shanghai
Seaport (or no later than ***, Ex Germany). 

  

	2.	Technical Documentation delivery schedule 

  

	(a)	Items from 1.1 to 1.8/1.14/1.17 mentioned in Documents of Appendix B-l shall be delivered to the Purchaser within four (4) weeks after the Contract Signing Date.

  

 19 

	(b)	For item 1.24 Assembly Drawings, preliminary version of the assembly drawings (with necessary revisions needed to be discussed in the first design meeting) will be delivered *** in
advance of the first design meeting by email in pdf format, including reference drawing for the reactor platform. 

  

	(c)	Items from 1.15/1.16/1.18/1.19/1.20/1.22/1.32/ mentioned in Documents of Appendix B-1 shall be delivered to the Purchaser within *** after the Contract Signing Date.

  

	(d)	The shop drawings of equipment (as-build) accord to item 1.23 will be delivered together with the reactor. 

  

	(e)	All the remaining items in Documents of Appendix B-1 shall be delivered *** advanced the delivery time. 

  

 20 

 Appendix B-9 Codes Rules and Guides 
 This section is intentionally left blank 
  

 21 

 Appendix B-10 [to be updated] 
 Project Coordination and Management 
 Design Liaison Meetings to be Held in Shanghai 
  

											
	 Description
	  	Participants
	 Topic
	  	 Week No.*
	  	 Days
Duration
	  	The
purchaser	  	MSA
		  	Preliminary Assembly	  	Within 6	  	Ca. 1	  	X	  	X
	 No.1
	  	Drawing & “kick-off”	  	weeks	  	week	  		  	
		  	specification	  		  		  		  	
						
		  	Final Assembly	  	To be determined	  	Ca. 1	  	X	  	X
	 No.2
	  	Drawing &	  	by the first	  	week	  		  	
		  	Specification	  	meeting	  		  		  	
						
		  	Final & Detail Drawing	  	To be	  		  	X	  	X
	 No.3
	  	& Specification	  	 defined by
	  	Ca. 1	  		  	
		  	Client Acceptance	  	the second	  	week	  		  	
		  		  	meeting	  		  		  	
		  		  		  		  		  	
						
	 No.x
	  	If there’s a need	  	To be	  	—  	  	X	  	X
		  		  	determined	  		  		  	

  

	*	From the Contract Signing Date. 

  

 22 

 Appendix B-11 Dossier of Attachments and document Requirement 
 This section is intentionally left blank 
  

 23 

 Appendix B-12 Equipment Localization 
 This section is intentionally left blank 
 Appendix B-13 Safety Management Requirements

 This section is intentionally left blank 
 Appendix B-14 *** Design Reactors 
 All the sections of Appendix B for *** Design Reactor shall be furnished by the Supplier on a progressive basis
and the last required document shall be provided by no later than ***. 
  

 24 

 DATED 17. Jan. 2008 
 JIANGSU ZHONGNENG PHOTOVOLTAIC INDUSTRY 
 DEVELOPMENT CO., LTD. 
 (

) 
 and 
 MSA APPARATUS CONSTRUCTION FOR CHEMICAL EQUIPMENT LTD. 
 and 
 CHEMICAL EQUIPMENT ENGINEERING LIMITED 
 ********************************************* 
 SUPPLEMENTAL AGREEMENT 
 TO 
 GENERAL TERMS AND CONDITIONS OF
CONTRACT 
 AND APPENDICES 
 (CONTRACT NO. : JSZN2003) 
 ********************************************* 

 THIS SUPPLEMENTAL AGREEMENT is made the 17 day of January 2008.  
 BETWEEN :- 
  

	(1)	JIANGSU ZHONGNENG PHOTOVOLTAIC INDUSTRY DEVELOPMENT CO., LTD. (

) a company incorporated in the People’s Republic of China whose registered office is at [*] (the “Purchaser”); 

  

	(2)	MSA APPARATUSCONSTRUCTION FOR CHEMICAL EQUIPMENT LTD. a company incorporated in the United Kingdom whose principal place of business is at 82008 Unterhaching Isartalstr 50,
Germany (the “Supplier”); and 

  

	(3)	CHEMICAL EQUIPMENT ENGINEERING LIMITED a company incorporated in [*] whose registered office is at [*] (“CEE”). 

 RECITALS :- 
  

	(a)	The Purchaser and the Supplier have executed a general terms and conditions of contract and appendices (Contract No.:JSZN2003) on 27 June 2007 in relation to the supply of the
Equipment, Engineering, Additional Spare and Replacement Parts, Special Tools, Documentation and Services and the Works associated with the Equipment by the Supplier to the Purchaser (the “Contract”). 

  

	(b)	CEE is an associated company of the Supplier. The Supplier has appointed CEE as its agent to receive any payments payable by the Purchaser to the Supplier under the Contract and CEE
has accepted such appointment. 

  

	(b)	The parties hereto have agreed to vary the terms of the Contract by executing this Supplemental Agreement. 

 NOW IT IS AGREED as follows :- 
  

	1.	INTERPRETATION 

  

	1.1	Unless the context requires otherwise, words and expressions defined in the Contract shall have the same meanings when used in this Supplemental Agreement. 

 

	1.2	References herein to Clauses are to clauses in this Supplemental Agreement unless the context requires otherwise. 

  

	2.	PAYMENT UNDER THE CONTRACT 

  

	2.1	The Supplier hereby appoints CEE as its agent to receive any payments payable by the Purchaser to the Supplier under the Contract and CEE hereby accepts such appointment at no cost.

  

	2.2	The Supplier and the Purchaser hereby agree that any payments made by the Purchaser to CEE shall be deemed to be made to the Supplier in discharge of the Purchaser’s payment
obligations under the Contract. 

	3.	AMENDMENTS TO THE CONTRACT 

  

	3.1	Clause 4.2 of the Contract shall be deleted and replaced with the following :- 

  

	 	“4.2	The Purchaser shall pay CEE (acting as an agent of the Supplier) the Contract Price stated in Chapter 3 in the following manner: 

  

	 	(i)	The Purchaser shall pay a sum of no more than *** to CEE by telegraphic transfer within *** from the date of the Purchaser’s receipt of the relevant invoices from the Supplier.

  

	 	(ii)	The Purchase shall open and issue an irrevocable direct letter of credit by the bank in favor of CEE for the balance of the Contract Price. 

  

	3.2	Clause 4.3 of the Contract shall be deleted and replaced with the following :- 

  

	 	“4.3	The balance of the Contract Price shall be paid against the abovementioned letters of credit, upon presentation of the following documents by the Purchaser to CEE in respect of the
actual pro rata value of each shipment, which are found in order: 

  

	 	(a)	Three (3) originals and three (3) duplicate copies of clean on board ocean Bill of Lading made out to order, blank endorsed, notifying the Purchaser and marked
“FREIGHT PREPAID”, or one (1) original and four (4) duplicate copies of airway bill made out to order of the Purchaser; 

  

	 	(b)	Five (5) originals of manually signed commercial invoice indicating the amount to be paid and the itemized price; 

  

	 	(c)	Two (2) originals and three (3) duplicate copies of detailed packing list indicating the shipping weight, number and the date of the corresponding invoice;

  

	 	(d)	Two (2) originals and three (3) duplicate copies of ex-works quality certificate issued by the manufacturer; 

  

	 	(e)	Two (2) copies of sight draft; 

  

	 	(f)	One (1) original and four (4) duplicate copies of certificate of origin issued by relevant authorities or agency of the manufacturer’s country;

  

	 	(g)	Five (5) copies of fax advising the Purchaser of the shipment within forty-eight (48) hours after it is made; 

  

	 	(h)	One (1) original and four (4) copies of the Quarantine Certificate/Heat Treatment Certificate for the wooden packing materials or non-wooden packing declarations in case
of ocean transport, or four (4) copies of the Quarantine Certificate/Heat Treatment Certificate for the wooden packing materials or non-wooden packing declarations in case of air freight.” 

  
  

	***	CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. 

	3.3	Clause 4.4 of the Contract shall be deleted and replaced with the following :- 

  

	 	“4.4	Unless otherwise specifically provided in a Variation Order which increases or decreases the Contract Price, the amount thereof shall be added to or deducted from the amount of
payment under Clause 4.2(ii), which are outstanding at the issuance of the Variation Order in question.” 

  

	3.4	Clause 4.6 of the Contract shall be deleted and replaced with the following :- 

  

	 	“4.6	The Supplier shall be solely responsible for arranging payments to its Sub-suppliers and all other persons as may be engaged by the Supplier in the performance of the Contract. The
Supplier shall transfer payment to its Sub-suppliers within *** after CEE’s receipt of the payment from the Purchaser pursuant to Clause 4.2(i). The Supplier agrees that the Purchaser shall have the right to contact any of its Sub-suppliers
directly at any time in order to check the validity of all invoices issued to the Purchaser and the status of production. In the case of any invalid invoice is found by the Purchaser, the Purchaser shall have the right to reject any payments and to
make claims against the Supplier.” 

  

	4.	GOVERNING LAW 

  

	4.1	This Supplemental Agreement shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region of the People’s Republic of China.

  

	5.	MISCELLANEOUS 

  

	5.1	This Agreement is supplemental to and amends the Contract and, save as expressly provided herein, all provisions in the Contract shall remain in full force and effect.

  

	5.2	If any provision of the Contract is inconsistent with the changes contemplated hereunder or provided herein, the provisions of this Supplemental Agreement shall prevail to the
extent contemplated hereunder. 

 THIS AGREEMENT has been signed on the day and year first above written.

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