Hoku Scientific, Inc. 1288 Ala Moana Blvd., Suite 220 Honolulu, Hawaii 96814, USA Hoku Materials, Inc. 1288 Ala Moana Blvd., Suite 220 Honolulu, Hawaii 96814, USA Re: Loan Implementation Agreement Ladies and Gentlemen:Loan Implementation Agreement • December 31st, 2009 • Tianwei New Energy Holdings Co., LTD • Miscellaneous electrical machinery, equipment & supplies • Macau
SECURITY AGREEMENT dated as of ______ __, 2009 (“Agreement”) among Hoku Scientific, Inc., a Delaware corporation (“Party A” and the “Parent Indemnitor”), Tianwei New Energy Holdings Co., Ltd., a People’s Republic of China company (“Party B” and the “Secured Party”) and Hoku Materials, Inc., a Delaware corporation (the “Subsidiary Guarantor”, and together with Party A, the “Grantors”). Certain capitalized terms used in this Agreement have the meanings ascribed to them in Section 1.
