Long-term Wafer Supplying and Prepayment Agreement between
English translation for reference purpose only
Exhibit 10.6
Long-term Wafer Supplying
and Prepayment Agreement
between
M. Setek Co., Ltd.
and
JingAo Solar Co., Ltd.
December 9, 2006
English translation for reference purpose only
The Agreement on Long-Term Supply of Monocrystal Silicon Wafers and Prepayment (hereinafter referred to as the “Agreement”) is hereby made and entered into by and between M.SETEK Co., Ltd. (hereinafter referred to as “Seller”) and JingAo Solar Co., Ltd. (hereinafter referred to as “Buyer”), and shall become effective immediately after the Agreement is signed by both Parties.
Subject to the terms and conditions of this Agreement, Buyer agrees to purchase, and Seller agrees to supply, the products as described below (hereinafter referred to as “Product(s)”).
3. | Price, Quantity, and Total Amount: See the exhibit attached hereto. |
Price hereunder is a Price FOB Japan Port, and will be annually negotiated between both Parties according to the then economic condition.
7. | Termination: This Agreement may be terminated early if the following conditions are satisfied: |
In case of termination by Buyer: Buyer may terminate this Agreement before the expiry hereof, if:
(1) | the quantity of Products provided by Seller fails to satisfy the Buyer’s order quantity; or |
(2) | the quality of Products provided by Seller fails to meet the quality standards agreed upon by both Parties; |
(3) | Buyer is required to notify Seller in writing of the failure above; and |
English translation for reference purpose only
(4) | Seller fails to remedy the failure within sixty days after receipt of the written notice of the failure. |
In case of termination by Seller: Seller may terminate this Agreement, if Buyer fails to make payment and fails to remedy the failure within sixty days after receipt of written notice of the failure.
8. | The Parties will, according to the expansion of production by Seller and each Party’s satisfaction over cooperation, sign a separate contract for supply of silicon wafers and prepayment for a second term during the term of this Agreement or six months before the expiry of this Agreement. |
Buyer: | Seller: | |||||
JingAo Solar Co., Ltd. | M. Setek Co., Ltd. | |||||
By: | /s/ Jing Xxx Xxxx |
By: | /s/ Xxxxxx Xxxxxxxxx | |||
Jin Xxx Xxxx | Xxxxxx Xxxxxxxxx | |||||
Date: | December 9, 2006 | Date: | December 9, 2006 |
English translation for reference purpose only
Exhibit | 2006.12.09 |
Wafer Supplying plan from M.SETEK to Jing Ao Solar Co. Ltd
Supplying Time table |
Monthly supply ( pcs) |
Months | Total supplying wafer ( pcs) |
Price/pc (U$) |
Total Value USD | |||||
2007.7-2007.12 |
100,000 | 6 | 600,000 | 5 | 3,000,000.00 | |||||
2008.01-2008.6 |
500,000 | 6 | 3,000,000 | 5 | 15,000,000.00 | |||||
2008.07-2009.06 |
1,500,000 | 12 | 18,000,000 | 5 | 90,000,000.00 | |||||
2009.7-2010.6 |
3,000,000 | 12 | 36,000,000 | 5 | 180,000,000.00 | |||||
2010.7-2011.6 |
3,000,000 | 12 | 36,000,000 | 5 | 180,000,000.00 | |||||
2011.7-2011.12 |
3,000,000 | 6 | 18,000,000 | 5 | 90,000,000.00 | |||||
Total |
111,600,000 | 558,000,000.00 | ||||||||
Specs: | Thickness: | 220um, ±25um | ||
Size | 125X125cm, ±0.4mm | |||
Diameter | 165mm, ±0.3mm | |||
Resistivity | 0.0-0xxx.xx | |||
Oi | <8.5x10E17 | |||
Cs | <5x10E16 | |||
Life time | >5us. | |||
TTV | <50um | |||
Surface | clean |
Execution Copy
Amendment to the Long-Term Wafer Supply and Prepayment Agreement
This AMENDMENT (this “Amendment”) is entered into on January 15, 2007 to amend certain provisions of that certain Long-Term Wafer Supplying and Prepayment Agreement, dated December 9, 2006 (the “Long-Term Wafer Supplying and Prepayment Agreement Agreement”), between JingAo Solar Holdings Co., Ltd. (“the Buyer “), and M.Setek Co. Ltd. (the “Seller”).
In consideration of good and valuable consideration, the sufficiency of which is acknowledged by the parties hereto, the parties hereto hereby agree as follows:
1. Amendment to Section 3. Section 3 of the Long-Term Wafer Supplying and Prepayment Agreement is hereby deleted in its entirety and the following is hereby substituted in place thereof:
“3. Price, Quantity, Delivery Schedule and Delivery Amount: The price, quantity, delivery schedule, and delivery amount are set forth in the exhibit attached hereto, unless the Parties determine otherwise by written agreement.
Price hereunder is a Price FOB Japan Port, and shall be $5 per wafer for wafers to be delivered from July 2007 to December 2007 and starting from 2008 shall be adjusted at least annually, or more frequently as the parties may determine, based on the then market condition. Prices shall be reasonably discounted on the basis of fair market price as the Buyer may pay to any other supplier for identical or similar products. The Seller understands and acknowledges that such pricing is requested by the Buyer on the basis of its long term and large quantity of demand and the prepayment arrangement by the Buyer to the Seller.”
2. Amendment of Section 7. Section 7 of the Long-Term Wafer Supplying and Prepayment Agreement is hereby supplemented by the addition of the following:
“If for any reason this Agreement is terminated, the Seller shall within 2 months refund to the buyer the portion of the prepayment for which the Products have not been delivered.”
3. New Sections. New Sections 9 and 10 are hereby added to the Long-Term Wafer Supplying and Prepayment Agreement:
“9. | Governing Law. This Agreement shall be governed by, and construed in accordance with, the Laws of the People’s Republic of China without reference to the choice of law principles thereof. |
10. |
take place in Beijing, China. The arbitration shall be conducted in Chinese. Unless otherwise agreed by the Parties in advance, the arbitration tribunal shall consist of three arbitrators. The Parties shall respectively appoint one arbitrator from the register of arbitrators then in effect of the Arbitration Agency. The third arbitrator and chairman of the arbitral tribunal shall be appointed by the two arbitrators respectively appointed by each Party. If either Party fails to appoint one arbitrator or the Parties fail to jointly appoint the third arbitrator within specified period (such failure includes refusal to accept such appointment by any appointed arbitrator), any such arbitrator shall be appointed by the Arbitration Agency in accordance with its rule. Any arbitral award made pursuant to this Section 10 shall be final and binding upon the Parties. |
4. Confirmation of the Long-Term Wafer Supplying and Prepayment Agreement Agreement. Except as otherwise expressly provided herein, all other terms, conditions and agreements set forth in the Long-Term Wafer Supplying and Prepayment Agreement shall remain unchanged and continue in full force and effect.
5. Governing Law. This Amendment shall be governed by and interpreted in accordance with the laws of the People’s Republic of China without reference to the choice of law principles thereof.
6. Counterparts. This Amendment may be executed in counterparts and facsimiles of signatures shall be deemed to constitute original signatures.
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2
JA Solar Holdings Co., Ltd. | ||
By: |
/s/ Yang Huaijin | |
Name: |
Yang Huaijin | |
Title: |
CEO | |
Address: |
||
Facsimile: |
||
M.Setek Co., Ltd. | ||
By: |
/s/ Xxxxxx Xxxxxxxxx | |
Name: |
Xxxxxx Xxxxxxxxx | |
Title: |
||
Address: |
||
Facsimile: |
3
Execution Copy
Exhibit |
2006.12.15 | |||||||||
Wafer Supplying plan from M.SETEK to JingAo Solar Co. Ltd | ||||||||||
Supplying Time table |
Monthly supply ( pcs) |
Months | Total supplying wafer ( pcs) |
Price/pc (U$) |
Total Value USD | |||||
2007.7-2007.12 |
100,000 | 6 | 600,000 | 5 | 3,000,000.00 | |||||
2008.01-2008.6 |
500,000 | 6 | 3,000,000 | XXX | XXX | |||||
2008.07-2009.06 |
1,500,000 | 12 | 18,000,000 | XXX | XXX | |||||
2009.7-2010.6 |
3,000,000 | 12 | 36,000,000 | XXX | XXX | |||||
2010.7-2011.6 |
3,000,000 | 12 | 36,000,000 | XXX | XXX | |||||
2011.7-2011.12 |
3,000,000 | 6 | 18,000,000 | XXX | XXX | |||||
Total |
111,600,000 | TBD | ||||||||
Specs: |
Thickness: | 220um, ±25um | ||
Size | 125X125cm, ±0.4mm | |||
Diameter | 165mm, ±0.3mm | |||
Resistivity | 0.0-0xxx.xx | |||
Oi | <8.5x10E17 | |||
Cs | <5x10E16 | |||
Life time | >5us. | |||
TTV | <50um | |||
Surface | clean |