EXHIBIT 10.25
(English Translation of the Original Contract in Chinese)
PRODUCT PURCHASE CONTRACT
Contract Number: 2005-006
The Buyer: Jiangsu Linyang Solarfun Co., Ltd.
The Seller: Huaerli (Nantong) Electronics Co., Ltd.
Article 1 Name of Products, Specifications, Quantity and Price:
UNIT PRICE
NAME OF PRODUCTS SPECIFICATIONS MEASURING UNIT QUANTITY (RMB) TOTAL PRICE
---------------- -------------- ---------------- -------- ---------- --------------
Silicon rod 6 inches KG 10,000 1,420.00 14,200,000.00
Total Price RMB14,200,000.00
Article 2. Quality Requirements and Technical Standards: National standard.
Article 3. Time of Delivery: Before August 31, 2005.
Article 4. Place of Delivery: In the premise of Jiangsu Linyang Solarfun
Co., Ltd.
Article 5. Manner and Cost of Transportation: The Seller shall be
responsible for the delivery to places designated by the Buyer
and bear the cost.
Article 6. Manner and Terms of Payment: Payment shall be paid up before
August 31, 2005.
Article 7. Standard of Inspection and Raise of Objection: In compliance with
national standard of relevant products.
Article 8. Miscellaneous:
1. Dispute Resolution: Any dispute in connection with the
performance of this Contract shall be settled through
negotiations between the parties hereto.
2. Matters which are not specified herein shall be resolved
through negotiations between the parties hereto.
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3. This Contract shall take effect as of the date it is
signed. This Contract shall be executed in two originals, with
each party to hold one.
4. The unit price set forth above includes a 17% VAT, and the
Seller shall issue a legal VAT invoice for each payment.
Buyer (seal): Jiangsu Linyang Seller (seal): Huaerli (Nantong)
Solarfun Co., Ltd. Electronics Co., Ltd.
Representative: (signature) Representative: (signature)
Tel: 0000-0000000
Fax: 0000-0000000 Tel: 0000-0000000
Date: May 15, 2005 Fax: 0000-0000000
Date: May 15, 2005
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