Exhibit 10.38
English Translation
Purchase Contract
The Buyer: Zhejiang Yuhui Solar Energy Source Co., Ltd.
Address: 8 Baoqun Road, Yaozhuang Town Industry Park, Jiashan County, Zhejiang Province
Tel.: 0573-84773396 Fax: 0573-84773380
The Seller: Shangrao Desheng Industry Co., Ltd.
Address: Shangrao Industry Park, Jiangxi Province
Tel.: 0793-8461399 Fax: 0793-8461152
Through negotiations, both parties enter into and abide by this Contract, whereby the Buyer purchases goods from the
Seller:
Remark: Both parties will re-negotiate the price in case that the difference between the market price during delivery and average
price exceeds 5%.
P type: electrical resistivity >0.5 ÿ .cm
N type: electrical resistivity >1 W .cm
Advance payment of RMB20,000,000 and RMB20,000,000 shall be paid before July 10, 2007 and October 1, 2007,
respectively. The payment under purchase order shall be paid upon the term as specified in purchase order and the advance
payment of RMB40,000,000 shall be amortized in the purchase orders from June 2008.
Packages shall be suitable for long-distance highway transportation.
From January to December 2007, the Seller will deliver 20,000 kg silicon materials to the Buyer at one time before the end of each
month (12 batches in total) and the detail delivery schedule is as follows:
Contract No.: YG070709001w
Date: July 9, 2007
Place: Jiashan
1.
Product Description
Product
Quantity (kg)
Unit price/kg
(tax included) Total (tax included)
cleaning free reclaimable raw material
240,000.00 ¥ 1,800.00 ¥ 432,000,000.00
2.
Technical Requirements and Quality Standard
3.
Price, Document and Transport Requirements
3.1 Price is specified in Article 1. Price is denominated in RMB and the specific price will be fixed in purchase order upon
friendly negotiation between both parties.
3.2 Document requirement: with VAT invoice.
3.3 Transport requirem