This Agreement is made effective as of the 21st day of June, 2005, by and between GT Solar Technologies, a
division of GT Equipment Technologies, Inc. at 243 Daniel Webster Highway, Merrimack, NH 03054 USA
("GT Solar") and Jiangxi LDK Solar Hi-Tech Co., Ltd. at Xinyu Hi-Tech Development Zone, Xinyu City,
Jiangxi, China ("Customer").
WHEREAS, Customer wishes to buy and GT Solar wishes to sell certain solar wafer, cell and module fabrication
equipment and/or technologies more particularly defined herein below and in the attached EXHIBITS A and B
WHEREAS, Customer wishes to install the Equipment in Xinyu, Jiangxi, China;
WHEREAS, the parties wish to enter into this Agreement to more particularly define the terms and conditions of
the purchase and sale of such Equipment.
NOW, THEREFORE, for good and valuable considerations the parties agree as follows:
1. EQUIPMENT. GT Solar shall sell and Customer shall purchase a PV-FAB Water Fabrication turnkey line,
more particularly described in EXHIBITS A and B attached hereto and incorporated herein by reference. GT
Solar warrants and represents that, upon delivery to Customer pursuant to Article 3, title to the Equipment will be
free and clear and without any liens or encumbrances.
2. PURCHASE PRICE; PAYMENT TERMS. The purchase price for the Equipment and related services
("Purchase Price") shall be Thirty-three million and one thousand U.S. Dollars ($33,001,000 USD).
2.1. Customer shall pay a deposit ("Deposit") equal to twenty percent (20%) of the total Purchase Price by wire
transfer to GT Solar's bank account in such a way that one-sixth of the deposit amount should be done by the
middle of each month starting from July, 2005 until middle of December, 2005.
2.2. Fourteen (14) days before each payment, GT Solar will open a standby letter of credit in the amount of the
Deposit in favor of Customer against GT Solar's failure to deliver the Equipment pursuant to the terms of this