Confidential treatment has been requested for certain portions omitted from this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this Exhibit have been separately filed with the Securities...
* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this Exhibit have been separately filed with the Securities and Exchange Commission. |
English
translation for reference purpose only
Exhibit
4.20
Repayment
Agreement
Contract
No.:
Signed
at: Shanghai
Party
A: JingAo Solar Co., Ltd.
Party
B: Jiangsu Xxxxxx Semiconductor Development Co., Ltd.
Regarding
the *** long-term contract prepayment owed by Party B, Party A and Party B agree
to the following repayment plan:
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1.
Transfer the above amount directly to:
Name:
JingAo Solar Co., Ltd.
Opening
bank: China Bank, Ningjin sub-branch
Account
No.: 15054208091001
2.
To
ensure that Party A receives repayment in a timely and safe manner, Party B
undertakes as follows:
2.1 Strictly
conform to this Agreement, if breach occurs, in addition to repaying the above
amount, Party A undertakes to assume other liabilities arising from the breach.
Meanwhile, Party B shall pay ***% of the delayed repayment amount per day as
liquidated damage to Party A.
2.2 Party
A is entitled to deduct the above repayment from the settlement payment or other
current payments between both parties; Party A is also entitled to entrust other
enterprises having business relationship with Party B to deduct the repayment.
Party B shall not raise any objection.
2.3 After
this Agreement comes into effect, Party B must make repayment on
schedule.
3. Dispute
Settlement and Applicable Law
Any
dispute arising from or in connection with this Agreement shall be submitted to
China International Economic and Trade Arbitration Commission for arbitration in
accordance with the then effective arbitration rules. The arbitration venue is
in Shanghai, and the arbitral award is final and binding on both
parties.
4. This
Agreement is made in two counterparts and shall become effective upon execution
by both parties.
1
* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this Exhibit have been separately filed with the Securities and Exchange Commission. |
(Signature
page)
Party
A: (official
seal)
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Party
B: (official
seal)
|
Authorized
Representative:
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Authorized
Representative:
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Title:
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Title:
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Date:March
9, 2009
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Date:May
9, 2009
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