Document:

ex10_58.htm

    
      
        

      
Exhibit 10.58

    

     

    ***CONFIDENTIAL
TREATMENT REQUESTED – CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED
AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION***

    

    

    In
Madrid, on the 29th day of
November, 2007

    

    APPEARING
PARTIES

    

    
      	
              (1)

            	
              SUNPOWER ENERGY SYSTEMS SPAIN,
      S.L. (hereinafter, the “Contractor”), with a
      registered office in Madrid, at calle Pradillo no
  5.

            

    

    

    
      	
              (2)

            	
              MORALAS RENOVABLES, S.L.
      (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-79136636.

            

    

    

    Hereinafter,
the companies mentioned in paragraphs (1) and (2) above, will be jointly
referred to as the “Parties”.

    

    RECITALS

    

    
      	
               
      

            	
              I.

            	
              That
      on November 6, 2007, Contractor and Owner entered into a turnkey
      construction contract for the construction of a solar park in Manzanares,
      consisting of 50 Solar Facilities of 100kW each, which was amended by
      virtue of another agreement entered into among others, by Contractor and
      Owner on November 21, 2007 (hereinafter, jointly, the “Construction
      Contract”).

            

    

    

    
      	
               
      

            	
              II.

            	
              That
      the Construction Contract included:

            

    

    

    
      	
               
      

            	
              (i)

            	
              The
      Owner’s undertaking to provide Contractor with the definitive geotechnical
      report about the Site, so that Contractor confirms the modifications in
      the Scope of Work and/or the Contract Price that may arise from the terms
      of said geotechnical report;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              A
      reference stating that the prices of the perimeter fences and the
      monitoring system (Scada) of the tracker hubs were not included in the
      Contract Price and therefore, the inclusion thereof in the Scope of Work
      shall be conditioned upon Contractor’s delivery to Owner of an offer to
      perform such works and the issuance of a Change Order agreeing to a new
      Contract Price including such
items.

            

    

    

    
      	
               
      

            	
              (iii)

            	
              The
      need of reviewing the Technical Specifications attached as Annex 2 to the
      Construction Contract by
Contractor.

            

    

    

    
      	
               
      

            	
              III.

            	
              That
      Owner has provided Contractor with the geotechnical report established in
      paragraph (i) of Recital II above and the Technical Specifications, and
      that the Parties have reached an agreement on the price of the perimeter
      fences and the monitoring system (Scada) of the tracker
    hubs.

            

    

     

    

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              1

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              IV.

            	
              That
      in order to formalize the agreement reached by the Parties on the issues
      mentioned in Recitals II and III above, the Parties have decided to enter
      into this Contract which shall be ruled by the
  following

            

    

    

    CLAUSES

    

    
      	
              1.

            	
              DEFINED
      TERMS

            

    

    

    All the
capitalized terms which are not herein expressly defined, shall have the same
meaning set forth in the Construction Contract.

    

    
      	
              2.

            	
              AMENDMENTS
      AND ADDENDA TO THE CONSTRUCTION
CONTRACT

            

    

    

    
      	
              (1)

            	
              Geotechnical
      report: Contractor hereby acknowledges to have received the Site’s
      definitive geotechnical report and to agree with it, and consequently, as
      of this date, all the representations made in Section 3(4) of the
      Construction Contract regarding the Site, are enforceable, being those
      representations hereby granted by Contractor for the benefit of Owner.
      Likewise, Contractor declares that the Site’s conditions do not require to
      carry out any increase in the Contract
Price.

            

    

    

    
      	
              (2)

            	
              Perimeter fences and
      monitoring system: The Parties undertake to increase the Contract
      Price in *** Euro, which include the price requested by Contractor in
      order to carry out the perimeter fences (*** Euro) and the monitoring
      system (Scada) of the tracker hubs (***
Euro).

            

    

    

    
      	
              (3)

            	
              Technical
      Specifications: Contractor hereby declares to have reviewed the
      Technical Specifications that were attached as Annex 2 to the Construction
      Contract, and to agree with them, not requiring their content to carry out
      any amendment to the Construction
Contract.

            

    

    

    
      	
              (4)

            	
              As
      a consequence of the above, the Parties agree to amend the following terms
      of the Construction Contract:

            

    

    

    
      	
               
      

            	
              (i)

            	
              References
      made in Section 4.1(1) of the Construction Contract to the Contract Price,
      shall be understood to be replaced by ***,
      being the Contract Price consequently amended for all effects set forth
      under the Construction Contract.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              The
      amount established in Section 4.2(i) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

    
      	
            	
              (iii)

            	
              The
      amount established in Section 4.2(ii) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

     

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              2

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    For
purposes of clarification, Contractor acknowledges that the inclusion of the
perimeter fences and the monitoring system in the Scope of Work does not imply a
different amendment to the one mentioned above (and, particularly it does not
imply a modification in the time terms established in the Construction
Contract).

    

    
      	
              (5)

            	
              Lastly,
      the Parties state that they incurred in a mistake defining the Guarantee
      Period and the Production Guarantee Period in the Construction Contract,
      as a consequence, they agree on replacing them by the following
      definitions:

            

    

    

    Guarantee Period: means the
period between the execution of the first Solar Facility’s Provisional
Acceptance Certificate until *** (***) years following the execution of the
Solar Park’s Provisional Acceptance Certificate.

    

    Production Guarantee Period:
means the period between Start-up of the Solar Park until *** following
said Start-up.

    

    
      	
              3.

            	
              VALIDITY
      OF THE CONSTRUCTION CONTRACT

            

    

    

    The
Construction Contract is fully enforceable for those parts which have not been
expressly amended by virtue of this Contract.

    

    
      	
              4.

            	
              LAW
      AND JURISDICTION

            

    

    

    
      	
              (1)

            	
              This
      Contract and all issues that may arise between the Parties in relation
      hereto or in connection herewith shall be exclusively governed by
      generally applicable Spanish legislation (Ley española común), to
      which Contractor and Owner expressly
submit.

            

    

    

    
      	
              (2)

            	
              The
      Parties agree that any litigation, dispute, issue or claim resulting from
      the performance or interpretation of this Contract, or directly or
      indirectly related hereto, shall be definitively resolved by arbitration
      at law before the Civil and Commercial Court of Arbitration (Corte Civil y Mercantil de
      Arbitraje) (CIMA) of Madrid in
      accordance with the Procedural Regulations (Reglamento de
      Procedimiento) thereof.

            

    

    

    
      	
              (3)

            	
              The
      Arbitral Tribunal shall be composed of three (3) arbitrators appointed
      from CIMA’s list of arbitrators: one by Contractor and the other by Owner,
      and the two arbitrators so appointed shall appoint the third one, who
      shall act as chairman of the arbitral tribunal. Should the two first
      arbitrators fail to reach an agreement on the appointment of the third
      arbitrator within ten (10) Business Days following the date of acceptance
      of office by the second arbitrator, such arbitrator shall be appointed by
      CIMA.

            

    

    

    
      	
              (4)

            	
              The
      arbitration shall be conducted, and the award shall be rendered, in Madrid
      (Spain) and in the Spanish
language.

            

    

    

     

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              3

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              (5)

            	
              The
      Parties therefore expressly waive any other jurisdiction to which they may
      be entitled under Law, and commit to abide by and submit to the
      arbitration award that may be
rendered.

            

    

    

    
      	
              (6)

            	
              The
      Parties expressly waive any other jurisdiction that may apply and submit
      to the jurisdiction of the Courts and Tribunals of the city of Madrid for
      any litigation, dispute or claim that by mandate of law may not be
      resolved by, or submitted to, the arbitration provided under this Clause
      or, if applicable, for the formalization of the arbitration or the
      enforcement of the arbitral award.

            

    

    

    In
witness whereof, the Parties execute this Contract in the place and on the date
first set forth above.

    

    

    
      	
              ____________________________

            	
              __________________________

            
	
              MORALAS
      RENOVABLES, S.L.U.

            	
              SUNPOWER
      ENERGY SYSTEMS SPAIN, S.L.

            
	
              Signed:
      Mr. Juan Carlos Sirviente
      Rodrigo

            	
              Signed:
      Mr. Marco Antonio Northland

            

    

    

    

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              4ex10_59.htm

    
      
        

      
Exhibit 10.59

    

     

    ***CONFIDENTIAL
TREATMENT REQUESTED – CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED
AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION***

    

     

    In
Madrid, on the 29th day of
November, 2007

    

    APPEARING
PARTIES

    

    
      	
              (1)

            	
              SUNPOWER ENERGY SYSTEMS SPAIN,
      S.L. (hereinafter, the “Contractor”), with a
      registered office in Madrid, at calle Pradillo no
  5.

            

    

    

    
      	
              (2)

            	
              NATURENER SOLAR TINAJEROS,
      S.L.U. (hereinafter, the “Owner”), with a
      registered office at calle Núñez de Balboa, 120, 7o, 28006, Madrid and
      having Tax Identification Code (CIF) number
  B-85128781.

            

    

    

    Hereinafter,
the companies mentioned in paragraphs (1) and (2) above, will be jointly
referred to as the “Parties”.

    

    RECITALS

    

    
      	
               
      

            	
              I.

            	
              That
      on November 6, 2007, Contractor and Owner entered into a turnkey
      construction contract for the construction of a solar park in Albacete,
      consisting of one hundred (100) Solar Facilities of 100kW each, which was
      amended by virtue of another agreement entered into among others, by the
      Contractor and Owner on November 21, 2007 (hereinafter, jointly, the
      “Construction
      Contract”).

            

    

    

    
      	
               
      

            	
              II.

            	
              That
      the Construction Contract included:

            

    

    

    
      	
               
      

            	
              (i)

            	
              The
      Owner’s undertaking to provide Contractor with a copy of all the licences
      and authorizations referred to in Section 3(2)(i) of the Construction
      Contract, so that Contractor shall confirm the amendments to the Scope of
      Work and/or to the Contract Price that may arise from the terms of said
      licenses and authorizations;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              A
      reference stating that the prices of the perimeter fences and the
      monitoring system (Scada) of the tracker hubs were not included in the
      Contract Price and therefore, the inclusion thereof in the Scope of Work
      shall be conditioned upon Contractor’s delivery to Owner of an offer to
      perform such works and the issuance of a Change Order agreeing to a new
      Contract Price including such
items.

            

    

    

    
      	
               
      

            	
              III.

            	
              That
      Owner has provided Contractor with the documentation established in
      paragraph (i) of Recital II above, and that the Parties have reached an
      agreement on the price of the perimeter fences and the monitoring system
      (Scada) of the tracker hubs.

            

    

    

    

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              1

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              IV.

            	
              That
      in order to formalize the agreement reached by the Parties on the issues
      mentioned in Recitals II and III above, the Parties have decided to enter
      into this Contract which shall be ruled by the
  following

            

    

    

    CLAUSES

    

    
      	
              1.

            	
              DEFINED
      TERMS

            

    

    

    All the
capitalized terms which are not herein expressly defined, shall have the same
meaning set forth in the Construction Contract.

    

    
      	
              2.

            	
              AMENDMENTS
      AND ADDENDA TO THE CONSTRUCTION
CONTRACT

            

    

    

    
      	
              (1)

            	
              Authorizations and
      licenses: Contractor hereby acknowledges to have received from
      Owner all the authorizations and licenses referred to in Section 3(2)(i)
      of the Construction Contract, and in particular the
    following:

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the General Directorate of Industry and Energy (Dirección General de Industria
      y Energía) of the Castilla-La Mancha Region Board dated April 24,
      2006 by virtue of which the facilities 1 and 100 of the project are
      included in the special regime (REPE) producing facilities, as well as the
      previous registration with the Registry of electric energy production
      facilities included in the special regime (Registro de Instalaciones de
      Producción de Energía Eléctrica acogidas al Régimen Especial,
      “RAIPRE”).

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the General Directorate of Industry and Energy (Dirección General de Industria
      y Energía) of the Castilla-La Mancha Region Board dated February 7,
      2007 about administrative authorization and approval of the execution
      project.

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the General Directorate of Industry and Energy (Dirección General de Industria
      y Energía) of the Castilla-La Mancha Region Board dated October 17,
      2007 authorizing the transfer of the plant’s ownership
      from   Naturener, S.A. to Naturener Solar Tinajeros,
      S.A.

            

    

    

    
      	
               
      

            	
              -

            	
              Letter
      from Iberdrola to Naturener, S.A. dated March 13, 2007 in relation with
      the connection point.

            

    

    

    
      	
               
      

            	
              -

            	
              Agreement
      entered into between Naturener, S.A. and Iberdrola Distribución
      Eléctrica, S.A.U. in accordance with the generated energy evacuation,
      dated September 5, 2007.

            

    

    

     

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              2

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              -

            	
              Agreement
      dated June 22, 2007 in relation with the reinforcement of the evacuation
      capacity in the Albacete region’s electric subsystem (connection in ST.
      Romica) entered into among several electric energy’s generator included in
      the special regime and Iberdrola Distribución Eléctrica,
      S.A.U.

            

    

    

    
      	
               
      

            	
              -

            	
              Letter
      sent by Naturener, S.A. and Naturener Solar Tinajeros, S.A. to Iberdrola
      Distribución Eléctrica, S.A.U. in relation with the assignment of the
      connection point, dated November 13,
2007.

            

    

    

    
      	
               
      

            	
              -

            	
              Registration
      of Naturener Solar Tinajeros, S.A. in the Registry of dangerous wastes’
      small producers of Castilla-La Mancha (Registro de pequeños
      productores de residuos peligrosos de  Castilla-La Mancha)
      (fecha indeterminada).

            

    

    

    
      	
               
      

            	
              -

            	
              Local
      works licence and planning qualification for the implementation of the
      project granted by the City Council of Albacete on Novemeber 21,
      2007.

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the General Directorate of Patrimony of the the Castilla-La Mancha
      Region Board, dated January 26,
2007.

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the City Council of Albacete dated August 31, 2007 providing Naturener,
      S.A. with the spill dispensation.

            

    

    

    
      	
               
      

            	
              -

            	
              Resolution
      of the Regional Authority of Environment and Rural Development (Delegación Provincial de Medio
      Ambiente y Desarrollo Rural) of Albacete dated October 24, 2007 by
      means of which it is stated that the project’ s environmental impact does
      not need to be evaluated.

            

    

    

    
      	
               
      

            	
              -

            	
              Technical
      report issued by the Environmental Evaluation Office of the Regional
      Environment and Rural Development Ministry (Servicio de Evaluación
      Ambiental de la Consejería de Medio Ambiente y Desarrollo Rural)
      dated Novemeber 20, 2007 in relation with the additional documentation
      about the project submitted by Naturener,
S.A.

            

    

    

    Contractor
hereby declares its agreement with the content of the abovementioned
documentation, and therefore undertakes to carry out the Work in accordance with
the conditions and requirements set forth in the aforementioned documents
(including in particular, but not limited to, the environmental conditions
established such as the prohibition of the entry of vehicles in certain places
of the Site, and the restrictions in relation with the protection of the natural
resources in the area),  which, as a consequence, are included as a
part of the Construction Contract.

    

    Notwithstanding
the above, the Parties have agreed to exclude from the Scope of the Works the
reforestation tasks, which implies a decrease of *** in the Contract Price.
Contractor declares that the content of the documentation mentioned in this
paragraph, does not demand the execution of any additional amendment to the
Contract Price. However, Contractor will in no case be liable for the delays
that may arise from the reforestation tasks (including but not limited to the
delays incurred due to the delay in obtaining the permits and
authorizations)

     

    

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
               3

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
              (2)

            	
              Perimeter fences and
      monitoring system: The Parties undertake to increase the Contract
      Price in ***, which include the price requested by Contractor in order to
      carry out the perimeter fences (***) and the monitoring system (Scada) of
      the tracker hubs (***).

            

    

    

    
      	
              (3)

            	
              As
      a consequence of the above, the Parties agree to amend the following terms
      of the Construction Contract:

            

    

    

    
      	
               
      

            	
              (i)

            	
              References
      made in Section 4.1(1) of the Construction Contract to the Contract Price,
      shall be understood to be replaced by ***,
      being the Contract Price consequently amended for all effects set forth
      under the Construction Contract.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              The
      amount established in Section 4.2(i) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

    
      	
                             
      

            	
              (iii)       
      

            	
              The
      amount established in Section 4.2(ii) of the Construction Contract, shall
      be understood to be replaced by ***.

            

    

    

    For
purposes of clarification, Contractor acknowledges that the inclusion of the
perimeter fences and the monitoring system in the Scope of Works does not imply
a different amendment to the one mentioned above (and, particularly it does not
imply a modification in the time terms established in the Construction
Contract).

    

    
      	
              (4)

            	
              Lastly,
      the Parties declares that they incurred in a mistake defining the
      Guarantee Period and the Production Guarantee Period in the Construction
      Contract, as a consequence, they agree on replacing them by the following
      definitions:

            

    

    

    Guarantee Period: means the
period between the execution of the first Solar Facility’s Provisional
Acceptance Certificate until *** (***) years following the execution of the
Solar Park’s Provisional Acceptance Certificate.

    

    Production Guarantee Period:
means the period between Start-up of the Solar Park until *** following
said Start-up.

    

    
      	
              3.

            	
              VALIDITY
      OF THE CONSTRUCTION CONTRACT

            

    

    

    The
Construction Contract is fully enforceable for those parts which have not been
expressly amended by virtue of this Contract.

    

     

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              4

            

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
              4.

            	
              LAW
      AND JURISDICTION

            

    

    

    
      	
              (1)

            	
              This
      Contract and all issues that may arise between the Parties in relation
      hereto or in connection herewith shall be exclusively governed by
      generally applicable Spanish legislation (Ley española común), to
      which Contractor and Owner expressly
submit.

            

    

    

    
      	
              (2)

            	
              The
      Parties agree that any litigation, dispute, issue or claim resulting from
      the performance or interpretation of this Contract, or directly or
      indirectly related hereto, shall be definitively resolved by arbitration
      at law before the Civil and Commercial Court of Arbitration (Corte Civil y Mercantil de
      Arbitraje) (CIMA) of Madrid in
      accordance with the Procedural Regulations (Reglamento de
      Procedimiento) thereof.

            

    

    

    
      	
              (3)

            	
              The
      Arbitral Tribunal shall be composed of three (3) arbitrators appointed
      from CIMA’s list of arbitrators: one by Contractor and the other by Owner,
      and the two arbitrators so appointed shall appoint the third one, who
      shall act as chairman of the arbitral tribunal. Should the two first
      arbitrators fail to reach an agreement on the appointment of the third
      arbitrator within ten (10) Business Days following the date of acceptance
      of office by the second arbitrator, such arbitrator shall be appointed by
      CIMA.

            

    

    

    
      	
              (4)

            	
              The
      arbitration shall be conducted, and the award shall be rendered, in Madrid
      (Spain) and in the Spanish
language.

            

    

    

    
      	
              (5)

            	
              The
      Parties therefore expressly waive any other jurisdiction to which they may
      be entitled under Law, and commit to abide by and submit to the
      arbitration award that may be
rendered.

            

    

    

    
      	
              (6)

            	
              The
      Parties expressly waive any other jurisdiction that may apply and submit
      to the jurisdiction of the Courts and Tribunals of the city of Madrid for
      any litigation, dispute or claim that by mandate of law may not be
      resolved by, or submitted to, the arbitration provided under this Clause
      or, if applicable, for the formalization of the arbitration or the
      enforcement of the arbitral award.

            

    

    

    In
witness whereof, the Parties execute this Contract in the place and on the date
first set forth above.

    

    

    
      	
              ____________________________

            	
              __________________________

            
	
              NATURENER
      SOLAR TINAJEROS, S.L.

            	
              SUNPOWER
      ENERGY SYSTEMS SPAIN, S.L.

            
	
              Signed:
      Mr. Rafael Sánchez-Castillo
      Lodares

            	
              Signed:
      Mr. Marco Antonio Northland

            
	
              Mr.
      Juan Francisco Quiroga Fernández-Ladreda

            	 
      

    

    

     

    
      	 
      	
                *** CONFIDENTIAL MATERIAL REDACTED AND

              SEPARATELY FILED WITH THE COMMISSION***

            	
              5

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