Common use of Escrow Agreement; Letter of Credit Clause in Contracts

Escrow Agreement; Letter of Credit. 5.3.1. On or before February 15, 2008, either (A) SOLARFUN shall provide to HOKU an irrevocable stand-by letter of credit in substantially the form of Appendix 3 attached hereto (the “Letter of Credit”) in the amount of the Main Deposit, or (B) SOLARFUN, HOKU and the Escrow Agent shall sign an escrow agreement in substantially the form of Appendix 4 (the “Escrow Agreement”), and SOLARFUN shall deposit into the Escrow Account the amount of the Main Deposit.

Escrow Agreement; Letter of Credit. 5.3.15.4.1. On or before February 15January 10, 2008, either (A) SOLARFUN shall provide to HOKU an irrevocable stand-by letter of credit in substantially the form of Appendix 3 attached hereto (the “Letter of Credit”) in the amount of the Main Deposit, or (B) SOLARFUN, HOKU and the Escrow Agent shall sign an escrow agreement in substantially the form of Appendix 4 (the “Escrow Agreement”), and SOLARFUN shall deposit into the Escrow Account the amount of the Main Deposit.

Escrow Agreement; Letter of Credit. 5.3.15.4.1. On or before February 15January 10, 2008, either (A) SOLARFUN shall provide to HOKU an irrevocable stand-by letter of credit in substantially the form of Appendix APPENDIX 3 attached hereto (the “Letter of Credit”"LETTER OF CREDIT") in the amount of the Main Deposit, or (B) SOLARFUN, HOKU and the Escrow Agent shall sign an escrow agreement in substantially the form of Appendix APPENDIX 4 (the “Escrow Agreement”"ESCROW AGREEMENT"), and SOLARFUN shall deposit into the Escrow Account the amount of the Main Deposit.

Escrow Agreement; Letter of Credit. 5.3.1. On or before February 15, 2008, either (A) SOLARFUN shall provide to HOKU an irrevocable stand-by letter of credit in substantially the form of Appendix APPENDIX 3 attached hereto (the “Letter of Credit”"LETTER OF CREDIT") in the amount of the Main Deposit, or (B) SOLARFUN, HOKU and the Escrow Agent shall sign an escrow agreement in substantially the form of Appendix APPENDIX 4 (the “Escrow Agreement”"ESCROW AGREEMENT"), and SOLARFUN shall deposit into the Escrow Account the amount of the Main Deposit.