Document:

EXHIBIT 4.6(c)

CONFIDENTIAL

 

**** INDICATES CONFIDENTIAL MATERIAL
OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION SEPARATELY WITH
A REQUEST FOR CONFIDENTIAL TREATMENT.

 

AMENDMENT NO. 3 TO 

 

AMENDED & RESTATED SUPPLY AGREEMENT

 

This Amendment No. 3 to Amended & Restated
Supply Agreement (this “Amendment”) is entered into as of the last date on the signature page hereto,
between JINKO SOLAR CO., LTD., A People’s Republic of China limited liability company (hereinafter “JINKO”)
and HOKU MATERIALS, INC., a Delaware corporation (hereinafter “HOKU”). HOKU and JINKO are sometimes referred
to in the singular as a “Party” or in the plural as the “Parties.”

 

Recitals

 

Whereas, HOKU and JINKO are parties to
that certain Amended & Restated Supply Agreement, dated as of February 26, 2009, and as amended by Amendment No. 1 on November
25, 2009, and as amended by Amendment No. 2 on December 16, 2010 (the “Agreement”), pursuant to which
JINKO has agreed to purchase from HOKU, and HOKU has agreed to sell to JINKO, specified volumes of polysilicon each year over a
nine year period;

 

Whereas, HOKU and JINKO desire to further
amend certain provisions of the Agreement as set forth herein to, among other things, extend the product shipment date, reduce
the price of polysilicon per kilogram, and establish a new prepayment credit back schedule;

 

NOW, THEREFORE, in furtherance of the foregoing
Recitals and in consideration of the mutual covenants and obligations set forth in this Amendment, the Parties hereby agree as
follows:

 

1.   Definitions.          Unless
otherwise defined herein, capitalized terms used in this Amendment shall have the meanings set forth in the Agreement.

 

2.   Amendments.      The
following provisions of the Agreement are amended and restated as follows:

 

2.1 The Pricing Schedule on Appendix
1 to the Agreement is hereby amended and restated as follows:

 

	Time	 	August 2011

    to June 2012	 	 	Year 1	 	Year 2	 	Year 3	 	Year 4	 	Year

    5	 	Year

    6	 	Year 7	 	Year

    8	 	Total	 
	Volume (metric tons)	 	 	0		 	 	****	 	 	****	 	 	****	 	 	****	 	 	****	 	 	****	 	 	****	 	 	****	 	 	1600	 
	Price (per kg)	 	 	N/A	 	 	$ 	 ****	 	$ 	 ****	 	$ 	 ****	 	$ 	 ****	 	 	TBD	 	 	TBD	 	 	TBD	 	 	TBD	 	 	 	 
	Total Deposit Offset/Refund (millions)	 	$	2.2	 	 	$	2.2	 	$	2.4	 	$	2.2	 	$	2.2	 	$	2.2	 	$	2.2	 	$	2.2	 	$	2.2	 	$	20	 

 

The payment schedule for deposit
refund for the period from August 2011 to June 2012 is as follows: $220,000.00 per month by T/T before the 20th of every
month from September 2011 to June 2012. Any failure to comply with the above Total Deposit Offset/Refund schedule will constitute
a material breach of the Agreement by HOKU pursuant to the Section 10.2.

 

The Price in Year 5-8 shall be
determined annually by the Parties three (3) months prior to the expiration of each Year, beginning in Year 4 of the Agreement.

 

**** Confidential material omitted and
filed separately with the Commission.

 

    	1

    	 

    

 

During
the Term of the Agreement, If there is a difference greater than or equal to ****% (+/-) between
the price pursuant to the Agreement and the average contract price for the last twelve (12) months reported by Photon or another
mutually acceptable third party index (the “Average Index Price”), then the price for such Year shall be renegotiated
in good faith by the Parties. If, following **** days of good faith negotiations, the Parties
are unable to agree on the price, such Year’s price will be the same as the Average Index Price.

 

		2.2	Section 2.3 of the Agreement is hereby amended and restated
in its entirety to read as follows:

 “2.3 “First Shipment Date” shall mean the first day after June 30, 2012
when HOKU shall commence deliveries to JINKO of Product pursuant to this Agreement.”

 

		2.3	Section 2.12 of the Agreement is hereby amended and restated in its entirety to read as follows:

 

			2.12 “Year” shall mean each of the eight (8) twelve-month periods commencing on
                                                                              the First Shipment Date.

 

		2.4	The last sentence of Section 3 of the Agreement is hereby
amended and restated in its entirety to read as follows:

 

This Agreement constitutes a
firm order from JINKO for 1,600 metric tons of Product that cannot be cancelled during the term of this Agreement, except as set
forth in section 10 below.

 

		2.5	Section 4.3 of the Agreement is hereby amended such that
the reference to June 30, 2011 is changed to July 1, 2012.

 

		2.6	Section 5.2 of the Agreement is hereby amended such that
the reference to July 1, 2011 is changed to July 1, 2012, and the reference to April 1, 2011 is changed to April 1, 2012.

 

		2.7	The last sentence of Section 6.4 of the Agreement is
hereby amended and restated in its entirety to read as follows:

 

Unless HOKU is entitled to retain
the Total Deposit as liquidated damages pursuant to Section12 below, shipments to JINKO shall be credit against the Total Deposit
in accordance with Pricing Schedule on Appendix 1 to the Agreement as amended by this Amendment.

 

		2.8	Section 10.1 of the Agreement is hereby amended such
that the reference to August 31, 2011 is changed to July 1, 2012 and the reference to nine Years is changed to eight Years.

 

		2.6	Section 10.2.5 of the Agreement is hereby amended such that the reference to August 31, 2011 is
changed to July 1, 2012.

 

		3.	This Amendment, together with the Agreement, constitute the entire agreement between the Parties
concerning the subject matter hereof. Except as specifically amended herein, the terms of the Agreement shall continue in full
force and effect without modification or amendment.

 

IN WITNESS WHEREOF, the Parties have executed this Amendment
No. 3 to Amended & Restated Supply Agreement as of the date last set forth below.

 

	JINKO SOLAR CO., LTD.	 	HOKU MATERIALS, INC.
	 	 	 	 	 
	By:	/s/ Kangping Chen	 	By:	/s/ Scott B.Paul
	 	 	 	 	 
	Name:	Kangping Chen	 	Name:	Scott B. Paul
	 	 	 	 	 
	Title: 	CEO	 	Title: 	CEO
	 	 	 	 	 
	Date: 	9-16-2011	 	Date: 	9-16-2011

 

**** Confidential material omitted and
filed separately with the Commission. 

 

    	2Exhibit 10.17

 

AMENDMENT NO. 1
AND WAIVER, dated as of September 2, 2010 (this “Amendment and Waiver”), to the Loan and Security Agreement (the
"Agreement") dated January 14, 2010, by and between Lakeland Industries, Inc.,
a Delaware corporation ("Borrower") and TD Bank, N.A., a
national banking association ("Lender").

 

RECITALS

 

WHEREAS, the
Borrower has requested and the Lender has agreed, subject to the terms and conditions of this Amendment and Waiver, to amend and
waive compliance with certain provisions of the Agreement as set forth herein;

 

NOW, THEREFORE,
in consideration of the premises and of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.            Amendments.

 

(a)          The
definition of the term “Consolidated EBITDA” in Section 1.1 of the Agreement is hereby amended and restated in its
entirety to provide as follows:

 

“Consolidated
EBITDA - For any period, Consolidated Net Income (or deficit) plus (a) Consolidated Interest Expense, plus (b)
Consolidated Depreciation Expense, plus (c) Consolidated Amortization Expense, plus (d) Consolidated Tax Expense, plus
(e) consolidated one-time extraordinary expenses relating to the termination of the Existing Indebtedness and expenses associated
with the termination of Borrower’s $18,000,000 fixed interest rate swap related to the Existing Indebtedness, plus
(f) non-cash expenses for equity compensation related to restricted stock plans and stock options for employees and board members
plus (g) non-recurring severance expenses incurred during August, 2009 provided that such amount is not in excess of $185,000
plus (h) non-recurring charges related to the $1,583,247 Brazil value added tax expense incurred during the fiscal quarter
ended April 30, 2010 (the “Brazilian VAT Charge”) minus (i) consolidated extraordinary gains of Borrower and
its Subsidiaries (including with respect to a reverse or refund of the Brazilian VAT Charge, if applicable), all as determined
on a rolling four quarter basis, in accordance with GAAP.”

 

(b)          Clause
(g) of the definition of “Permitted Indebtedness” in Section 1.1 of the Agreement is hereby amended and restated in
its entirety to provide as follows:

 

“secured
Indebtedness of, and bank guarantees obtained by, Qualytextil, S.A. not to exceed, in the aggregate, at any time, an amount equal
to (a) $5,000,000 minus (b) the aggregate value of any guaranties provided by the Borrower to support bank guaranties obtained
by Qualytextil, S.A. with respect to the Brazilian VAT Payment”

 

(c)          The
following definition is hereby added to Section 1.1 of the Agreement in its appropriate alphabetical order:

 

    	1

    	 

    

 

Brazilian VAT Payment –
The value added tax that may be owed by Qualytextil, S.A. to the State of Bahia, Brazil, for the fiscal periods from 2007 through
2009 or the related judicial deposit to support such payment.

 

(d)          Section
7.5 of the Agreement is hereby amended and restated in its entirety to provide as follows:

 

“Excepting
(a) the endorsement in the ordinary course of business of negotiable instruments for deposit or collection, (b) in connection with
trade payables in the ordinary course of business, and (c) (i) guaranties provided by the Borrower or any of its Subsidiaries for
any Permitted Indebtedness of the Borrower or any Subsidiary and (ii) guaranties provided by the Borrower to support bank guaranties
obtained by Qualytextil, S.A. with respect to the Brazilian VAT Payment (in lieu of posting cash), not to exceed $5,000,000 in
the aggregate during the term of this Agreement, provided that not more than $500,000 in the aggregate may be applied to
guaranties other than the guaranty obligations in the clause (c) with respect to the Brazilian VAT Payment, neither Borrower
nor any of its Subsidiaries shall become or be liable, directly or indirectly, primary or secondary, matured or contingent, in
any manner, whether as guarantor, surety, accommodation maker, or otherwise, for the existing or future Indebtedness of any kind
of any Person.”  

 

2.            Waiver.
The Lender hereby waives compliance with Section 6.8(c) of the Agreement, Consolidated EBITDA, requiring Consolidated EBITDA
of not less than $4,500,000 for the fiscal quarter ended July 31, 2010, provided that the actual Consolidated
EBITDA was not less than $3,831,000 at the end of such quarter. 

 

3.            Conditions
of Effectiveness. This Amendment and Waiver shall become effective as of the date hereof, upon receipt by the Lender of
this Amendment and Waiver, duly executed by the Borrower and the Guarantor. 

 

4.            Conforming
Amendments. The Agreement, the Loan Documents and all agreements, instruments and documents executed and delivered in connection
with any of the foregoing, shall each be deemed to be amended and supplemented hereby to the extent necessary, if any, to give
effect to the provisions of this Amendment and Waiver. The Agreement and the other Loan Documents shall remain in full force and
effect in accordance with their respective terms.

 

5.            Representations
and Warranties. The Borrower hereby represents and warrants to the Lender as follows:

 

(a)          After
giving effect to this Amendment and Waiver (i) each of the representations and warranties set forth in Article V of the Agreement
is true and correct in all material respects on and as of the date hereof as if made on and as of the date of this Amendment and
Waiver except to the extent such representations or warranties relate to an earlier date in which case they shall be true and correct
in all material respects as of such earlier date, and (ii) no Default or Event of Default has occurred and is continuing as of
the date hereof or shall result from after giving effect to this Amendment and Waiver.

 

(b)          The
Borrower has the power to execute, deliver and perform this Amendment and Waiver and each of the other agreements, instruments
and documents to be executed by it in connection with this Amendment and Waiver. No registration with or consent or approval of,
or other action by, any Governmental Authority is required in connection with the execution, delivery and performance of this Amendment
and Waiver and the other agreements, instruments and documents executed in connection with this Amendment and Waiver by the Borrower,
other than registration, consents and approvals received prior to the date hereof and disclosed to the Lender and which are in
full force and effect.

 

    	2

    	 

    

 

(c)          The
execution, delivery and performance by the Borrower of this Amendment and Waiver and each of the other agreements, instruments,
and documents to be executed by it in connection with this Amendment and Waiver, and the execution and delivery by the Guarantor
of the Consent to this Amendment and Waiver, (i) have been duly authorized by all requisite corporate action, and (ii) will not
violate (A) any provision of law applicable to the Borrower or the Guarantor, any rule or regulation of any Governmental Authority
applicable to the Borrower or the Guarantor or (B) the certificate of incorporation, by-laws, or other organizational documents,
as applicable, of the Borrower or of the Guarantor.

 

(d)          This
Amendment and Waiver and each of the other agreements, instruments and documents executed in connection with this Amendment and
Waiver to which the Borrower or the Guarantor are a party have been duly executed and delivered by the Borrower and the Guarantor,
as the case may be, and constitutes a legal, valid and binding obligation of the Borrower and the Guarantor enforceable, as the
case may be, in accordance with its terms, except to the extent that enforcement may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, or other similar laws, now or hereafter in effect, relating to or affecting the enforcement of creditors’
rights generally and by equitable principles of general application, regardless of whether considered in a proceeding in equity
or at law.

 

6.            Miscellaneous.

 

Capitalized terms used
herein and not otherwise defined herein shall have the same meanings as defined in the Agreement.

 

The amendments and
waiver herein contained are limited specifically to the matters set forth above and do not constitute directly or by implication
an amendment or a waiver of any other provision of Agreement or a waiver of any Default or Event of Default which may occur or
may have occurred under the Agreement.

 

This Amendment and
Waiver may be executed in one or more counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute but one Amendment and Waiver.

 

THIS AMENDMENT AND
WAIVER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF
LAW PRINCIPLES.

 

7.           Reaffirmation.

 

The Borrower hereby:
(a) acknowledges and confirms that, notwithstanding the consummation of the transactions contemplated by this Amendment and Waiver,
(i) all terms and provisions contained in the Security Documents are, and shall remain, in full force and effect in accordance
with their respective terms and (ii) the liens heretofore granted, pledged and/or assigned to the Lender as security for the Borrower’s
obligations under the Note, the Agreement and the other Loan Documents shall not be impaired, limited or affected in any manner
whatsoever by reason of this Amendment and Waiver; (b) reaffirms and ratifies all the representations and covenants contained in
each Security Document; and (c) represents, warrants and confirms the non-existence of any offsets, defenses, or counterclaims
to its obligations under any Security Document.

 

    	3

    	 

    

 

IN WITNESS WHEREOF,
the Borrower and the Lender have signed and delivered this Amendment and Waiver as of the date first written above.

 

	 	LAKELAND INDUSTRIES, INC.
	 	 	 
	 	By:	/s/ Christopher J. Ryan
	 	Name:	       Christopher J. Ryan
	 	Title:	       Chief Executive Officer and President

 

	 	TD BANK, N.A.
	 	 	 
	 	By:	/s/ John Topolovec
	 	Name: 	      John Topolovec
	 	Title:	      Vice President

 

CONSENT

 

The undersigned, not
as parties to the Agreement but as Guarantor under the Guaranty and as a Grantor under the Security Agreement, hereby (a) accepts
and agrees to the terms of the foregoing Amendment and Waiver, (b) acknowledges and confirms that all terms and provisions contained
in the Loan Documents to which it is party are, and shall remain, in full force and effect in accordance with their respective
terms and (c) (i) all terms and provisions contained in the Loan Document to which it is a party are and shall remain, in full
force and effect in accordance with their respective terms and (ii) the liens heretofore granted, pledged and/or assigned to the
Lender as security for the Obligations shall not be impaired, limited or affected in any manner whatsoever by reason of this Amendment
and Waiver.

 

	 	LAIDLAW, ADAMS & PECK, INC.
	 	 	 
	 	By:	/s/ Christopher J. Ryan
	 	Name:	     Christopher J. Ryan
	 	Title: 	      President, Secretary and Director

 

    	4

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