Exhibit 10.27
English Translation
Share Entrustment Agreement
(The four parties of this Agreement are each referred to as a “Party”, and collectively as the “Parties”; Party A and Party B
are collectively referred to as the “Actual Shareholders”; Party C and Party D are collectively referred to as the “Entrusted
Shareholders”)
WHEREAS, Party A, Party B, Party C and Party D are shareholders of Zhejiang Yuhuan Solar Energy Source Co., Ltd.
(“Yuhuan”), among them Party A owns 23% equity interest in Yuhuan; Party B owns 18% equity interest in Yuhuan; Party C
owns 41% equity interest in Yuhuan; Party D owns 18% equity interest in Yuhuan. Yuhuan currently holds 75% equity interest
in Zhejiang Yuhui Solar Energy Source Co., Ltd. (“Yuhui”).
WHEREAS, Party C and Party D jointly incorporated ReneSola Limited ( ReneSola”), a limited liability company legally
incorporated and validly existing under the laws of the Cayman Islands, and Party C holds 66% of its shares, and Party D holds
34% of its shares;
WHEREAS, Party C and Party D now propose to acquire all equity interests in Yuhui (including the 75% equity interest
held by Yuhuan) via ReneSola, and facilitate ReleSola’s listing on the London AIM securities exchange. Party A and Party B
agree to cooperate on this acquisition and overseas listing project.
To reflect all the Parties’ contribution to Yuhuan and Yuhui’s operations, and to allow all the Parties to share the results of
this acquisition and overseas listing, all the Parties hereby reach the following agreement after friendly negotiation:
Section 1 Entrustment of Shares
1
Section 2 Trust Period
Section 3 Rights and Obligations of the Actual Shareholders
Party A: Lian Zheng Min
Identity Card No.: 332627197205130216
Party B: Dong Xiang Jun
Identity Card No.: 332627196805240190
Party C: Li Xian Shou
Identity Card No.: 330106196808010015
Party D: Wu Yu Cai
Identity Card No.: 332627671104001
1.1
The Entr