Confidential Exhibit 10.6
(English Translation of the Original Contract in Chinese)
SILICON SUPPLY AGREEMENT
Contract Number: SF060326GP
Place of Signing: Qidong, Jiangsu
Date of Signing: March 26, 2006
The Seller: ReneSola Co., Ltd.
The Buyer: Jiangsu Linyang Solarfun Co., Ltd.
This Contract is entered into by and between the Buyer and the Seller after
friendly negotiations, whereby the Seller agrees to supply silicon wafers to the
Buyer as follows.
Article 1. Name of Products, Technical Specifications, Quantity, Price and
Delivery Schedule:
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NAME OF PRODUCTS TECHNICAL SPECIFICATIONS QUANTITY PRETAX UNIT DELIVERY SCHEDULE
PRICE
(RMB
YUAN/PIECE)
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1. Type: Type P
2. Width of silicon wafers: 125+/-0.5mm
3. Diameter of silicon wafers: 150+/-0.5mm
4. Thickness of silicon wafers: 240+/-30(u)m
5. Resistivity: 0.5~3 (ohm symbol).cm,
3~6 (ohm symbol).cm
6. Minority carrier lifetime: > or = 8 (u)s
7. Surface damage: <15 (u)m
8. Cutting mode: multi-thread cutting
9. Crystal orientation: (100)+/-1 degree For the period
prior to the end of
10. TTV < or = 30 (u)m June 2006, 0.1
Monocrystalline million pieces shall
Silicon Wafer 11. Vertical angle: 90 degrees+/-0.3 degrees 2.5 million pieces [*] be supplied, and
for each month
12. Oxygen concentration: < 1x10(18)at/cm(3) thereafter until the
end of June 2007,
13. Carbon concentration: < 5x10(16)at/cm(3) 0.2 million pieces
shall be supplied.
14. Dislocation Density: < or = 3x10(3)/cm(2)
15. Notch: notch of crystal orientation shall
be no bigger than 1x0.3mm, and there shall be
no more than one notch on each wafer.
16. Broken edge: broken edge of wafers shall
be no bigger than 1x0.5 mm, and there shall be
no more than one on each wafer.
17. No stain and abnormal spot on surface. No
curve under naked eyes.
*Confidential Treatment Requested. The redacted material has been separately
filed with the Securities and Exchange Commission.
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NAME OF PRODUCTS TECHNICAL SPECIFICATIONS QUANTITY PRETAX UNIT DELIVERY SCHEDULE
PRICE
(RMB
YUAN/PIECE)
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Total Price [*]
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Article 2. Quality Requirements and Technical Standards: as set forth above
in this Contract.
Article 3. Place and Manner of Delivery: The products shall be delivered to
the warehouse of the Buyer.
Article 4. Manner and Cost of Transportation: The Seller shall be
responsible for delivery and bear the cost.
Article 5. Packaging Standard: Suitable for long-distance transportation of
solar-grade monocrystalline silicon wafers.
Article 6. Standard and Manner of Inspection and Period for Objection: After
each delivery of the silicon wafers to the Buyer, the Buyer shall
conduct full inspection of such silicon wafers pursuant to the
specifications set forth herein before warehousing within a
period of one workday for each 30 thousand pieces of silicon
wafers. Silicon wafers shall be deemed defective if they are not
in conformity with the specifications set forth herein, and the
Seller shall remedy the defect by one-to-one replacement within 7
days. If the Buyer discovers during the inspection that the
quantity of any silicon wafers delivered is lower than the
contract stipulated quantity, the Seller shall make up such
shortfall within 7 days.
Article 7. Terms of Payment: After this Contract is signed, the Buyer shall
pay RMB20 million by March 30, 2006 and another RMB20 million by
April 20, 2006, as deposit. Such deposit totaling RMB40 million
will be set off against the payment for each shipment of products
on an average basis. The remaining payment for each shipment of
products shall be paid based on the actual quantity of such
shipment of products within 2 workdays after inspection and
warehousing of the products by the Buyer.
Article 8. Effectiveness of the Contract: This Contract shall take effect
upon execution and terminate when all the obligations under this
Contract have been performed.
Article 9. Liabilities for Breach of Contract: (1) If there is delay of
payment by the Buyer over 7 workdays, then this Contract shall be
terminated. (2) If either party fails to perform any of its
obligations under this Contract, the breaching party shall pay
the non-breaching party liquidated damages equal to 1% of the
amount in issue per month and this Contract shall continue in
effect. (3) If this Contract is rendered unable to be performed
due to a breach by either party hereto, the breaching party shall
be liable under the Contract Law of the People's Republic of
China.
*Confidential Treatment Requested. The redacted material has been separately
filed with the Securities and Exchange Commission.
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Article 10. Any dispute in connection with the performance of this Contract
shall be settled through negotiations between the parties hereto.
If no settlement can be reached, the dispute shall be submitted
for arbitration to the arbitration commission in the place where
this Contract is signed.
Article 11. Miscellaneous: This Contract shall become effective after being
signed by and affixed with Companies' seals of the parties
hereto. This Contract shall be executed in four originals, with
each party to hold two. This Contract can be signed by fax.
Additional provisions: The Seller may not proceed with any shipment of silicon
wafers to the Buyer until after it has received the Buyer's testing and finished
product report with respect to the silicon wafers delivered in the previous
shipment.
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The Seller The Buyer
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Name of the Company (seal): ReneSola Co., Ltd. Name of the Company (seal): Jiangsu Linyang
Solarfun Co.,Ltd.
Address: Yaozhuang Zhen Industrial Park, Address: 666 Linyang Road, Qidong, Jiangsu
Jiashan County, Zhejiang Province Province
Legal Representative: (signature) Legal Representative: (signature)
Authorized Agent: (signature) Authorized Agent: (signature)
Tel: 0000-0000000
Fax: 0000-0000000 Tel: 0000-00000000
Fax: 0000-00000000
Bank Name: Industrial and Commercial Bank of China, Bank Name: Bank of China, Qidong Branch,
Jiashan Branch Business Department
Account No.: 1204070009242025955 Account No.: 647032159808091001
Tax No.: 330421753019961 Tax No.: 320681765140726
Code: 314117 Zip Code: 226200
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