LONG TERM SUPPLY CONTRACT (English Translation)
Exhibit
10.7
(English
Translation)
Contract
Number:
Place
where contract signed: Shanghai
|
Buyer:
|
Perfectenergy
(Shanghai), Ltd. (hereinafter, known as "Party A")
|
|
Address:
|
Xx.
000 Xxxx Xxxxxxxxx Xxxx,
|
|
Xxxxxxxx,
Xxxxx 000000
|
Tel:
000-00000000
Fax:
000-00000000
Bank:
China
Agriculture Bank Min District Xinzhuang Industry Zone Branch
Bank
Account: 03430500040006353
Tax
Registration Number: 310112777606116
|
Supplier:
|
Chengdu
Jiayang Silicon Technology Inc, Ltd. (hereinafter, known as "Party
B")
|
|
Address:
|
Longtai
Blvd, Tianhu Straits Science Party
|
|
Xxxxxxxx
Xxxxxx,
|
|
|
Xxxxxxx
Xxxxxxx Xxxxxxxx 000000
|
Tel:
000-00000000
This
agreement is entered into by and between Party A and Party B in accordance
with
the Economic Contract Laws of the People's Republic of China. This supply
contract is the product of coordination and negotiations between the two
parties. The
parties hereto agree as follows:
| 1. |
As
agreed by both parties, Party B will ship to Party A the following
solar
silicon starting from 2007 to 2009.
|
| 1) |
Product
description: CZ
solar monocrystalline
silicon
|
| 2) |
Technical
specifications
|
Conductor
type: Type
P
Crystallographic
directions: <100>+
3
Size:
125mm
x
125 mm +
0.5mm
side-film
Diagonal
diameter: : ≥
Φ
150
mm
± 0.5mm
Electrical
resistence: 0.5-3
Ω.
cm , 3-6 Ω .cm
TTV:
<
50
µm
Minority
carrier life: >
10
µs
Thickness
Stall: 220
+
20
µm
No
fracture, no hole, no stria
| 3) |
Quantities
in units
|
Year
2007: 800,000 units
Year
2008: 1.5 million units
Year
2009: 3 million units
| 4) |
Product
unit cost: x00 XXX / unit. Party B agrees to give Party A a discount of
2%-5% off the average market price, adjustable every 3
months.
|
| 5) |
Payment:
Party B will ship the goods in installments. Party B will notify Party
A
before each shipment. Party A will pay Party B in full for each shipment
three days after receiving a notice. Once payment is verified, Party
B
will start shipping immediately.
|
| 2. |
Quality
requirement: Party B guarantees that the product quality, specifications,
and all technical parameters will match what is specified in this
contract.
|
| 3. |
Place
of delivery: Shanghai (Party B is in charge of
shipping)
|
| 4. |
Date
of delivery: Installment shipments per
month
|
| 5. |
Packaging
requirement: The packaging must comply with public transportation
regulations.
|
| 6. |
Acceptance,
inspection, and invoicing: Within three days of receiving a shipment,
Party A will inspect the shipment based on the specifications listed
in
this contract. Party A will send an acceptance inspection report to
Party
B. If everything is accepted, Party B will issue a value-added-tax
invoice
for Party A’s shipment.
|
| 7. |
Roles
and responsibilities: Party A and Party B shall fulfill their
responsibilities within the time frame specified in this contract.
A party
that breaches the contract is liable for economic losses incurred by
the
non-breaching party.
|
| 8. |
Dispute
Resolution: Both parties shall settle their disputes through negotiations.
If a dispute remains unresolved, a lawsuit may be filed in a local
court,
whose decision shall be deemed final.
|
| 9. |
This
contract has two copies. The contract will
not come into force until it is signed by both parties with stamps.
|
| 10. |
The
term of this contract is from the date of execution to December 31,
2009.
|
| 11. |
Others:
Not applicable.
|
|
Party
A:
|
Party
B:
|
|
Perfectenergy
(Shanghai), Ltd.
|
Chengdu
Jiayang Silicon
|
|
Technology
Inc., Ltd.
|
|
|
Signature
|
Signature
|
|
Stamp
|
Stamp
|
|
Date
|
Date
|
