EXHIBIT 10.27
(English Translation of the Original Contract in Chinese)
PRODUCT SUPPLY CONTRACT
Contract Number: SF-HRL-060702
Place of Signing: Qidong
Date of Signing: July 2, 2006
The Seller: Huaerli (Nantong) Electronics Co., Ltd.
The Buyer: Jiangsu Linyang Solarfun Co., Ltd.
This Contract is entered into by and between the Buyer and the Seller after
friendly negotiations, whereby the Seller agrees to supply silicon wafers to the
Buyer as follows.
Article 1 Name of Products, Technical Specifications, Quantity, Price
and Delivery Schedule:
UNIT PRICE
MEASURING INCLUDING TAX DELIVERY
NAME OF PRODUCTS TECHNICAL SPECIFICATIONS UNIT QUANTITY (RMB YUAN/PIECE) SCHEDULE
---------------- -------------------------------------------- --------- -------- ---------------- --------
Monocrystalline 1. Type: Type P piece 130,000 55.00
Silicon Wafer
2. Width of silicon wafers: 125+/-0.5mm
3. Diameter of silicon wafers: 150+/-0.5mm
4. Thickness of silicon wafers: 240+/-30(mu)m
5. Resistivity: 0.5 ~ 3 (omega) cm, 3 ~6 (omega) cm
6. Minority carrier lifetime: > or = 8 (mu)s
7. Surface damage: <15 (mu)m
8. Cutting mode: multi-thread cutting
9. Crystal orientation: (100)+/-1 degrees
10. TTV < or = 30 (mu)m
11. Vertical angle: 90 degrees+/-0.3 degrees
12. Degree of curvature: < or = 0.035mm
13. Oxygen concentration: < 1x10(18)at/cm(3)
14. Carbon concentration: < 5x10(16)at/cm(3)
15. Dislocation Density: < or = 3x10(3)/cm(2)
16. Notch: notch of crystal orientation
shall be no bigger than 1x0.3mm, and
there shall be no more than one notch on
each wafer.
15. Broken edge: broken edge of wafers
shall be no bigger than 1x0.5 mm, and
there shall be no more than one on each
wafer.
16. No stain and abnormal spot on surface.
No curve under naked eyes.
Total Price RMB7,150,000.00
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Article 2. Quality Requirements and Technical Standards: as set forth above
in this Contract.
Article 3. Place and Manner of Delivery: The products shall be delivered to
the warehouse of the Buyer.
Article 4. Manner and Cost of Transportation: The Seller shall be responsible
for delivery and bear the cost.
Article 5. Packaging Standard and Category of Packaging Material: Suitable
for long-distance transportation of solar-grade monocrystalline
silicon wafers.
Article 6. Standard and Manner of Inspection and Period for Objection: Within
7 days as of receipt of the silicon wafers in the warehouse of the
Buyer, the Buyer shall conduct full inspection of such silicon
wafers pursuant to the technical requirements set forth herein
before warehousing. Silicon wafers shall be deemed defective if
they are not in conformity with the technical requirements set
forth herein, and the Seller shall remedy the defect by one-to-one
replacement within 7 days. If the Buyer discovers during the
inspection that the quantity of any silicon wafers delivered is
lower than the contract stipulated quantity, the Seller shall make
up such shortfall within 7 days.
Article 7. Manner and Terms of Payment: The Seller shall deliver goods
following receipt of payment, and the Seller shall issue VAT
invoice of the amount of 17% the total price of each batch.
Article 8. Effectiveness of the Contract: This Contract shall take
effect upon execution and terminate when all the obligations
under this Contract have been performed.
Article 9. Liabilities for Breach of Contract: (1) If there is delay
of payment by the Buyer, then this Contract shall be
terminated. (2) If either party fails to perform any of its
obligations under this Contract, the breaching party shall pay
the non-breaching party liquidated damages equal to 1% of the
total amount of the Contract and this Contract shall continue
in effect. (3) If this Contract is rendered unable to be
performed due to a breach by either party hereto, the
breaching party shall be liable under the Contract Law of the
People's Republic of China.
Article 10. Any dispute in connection with the performance of this
Contract shall be settled through negotiations between the
parties hereto. If no settlement can be reached, the dispute
shall be submitted for arbitration to the arbitration
commission in the place where this Contract is signed.
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Article 11. Miscellaneous: This Contract shall become effective after being
signed by and affixed with company seals of the parties hereto.
This Contract shall be executed in two originals, with each party
to hold one. This Contract can be signed by fax.
The Seller The Buyer
Name of the Company (seal): Name of the Company (seal):
HUAERLI (NANTONG) ELECTRONICS CO., LTD. JIANGSU LINYANG SOLARFUN CO., LTD.
Address: Address: 666 Linyang Road, Qidong,
Jiangsu Province
Legal Representative: Legal Representative:
Authorized Agent: Authorized Agent:
Tel: Tel: ▇▇▇▇-▇▇▇▇▇▇▇▇
Fax: Fax: ▇▇▇▇-▇▇▇▇▇▇▇▇
Bank Name: Bank Name: Bank of China, Qidong
Account No.: Branch, Business Department
Tax No.: Account No.: 647032159808091001
Code: Tax No.: 320681765140726
Zip Code: 226200
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