Exhibit 10.36
English Translation
Equity Transfer Agreement of Zhejiang Yuhui Solar Energy Source Co., Ltd.
Transferee: Renesola Ltd (hereinafter referred to as “Party A”)
Address: Craigmuir Chambers, Road Town, Tortola, British Virgin Islands
Legal representative: Li Xianshou
Title: Executive Director
Nationality: China
Transferor: Ruiyu Solar Energy Technology Co., Ltd. (hereinafter referred to as “Party B”)
Address: 7F, Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Hong Kong, China
Legal representative: Lian Xiahe
Title: Executive Director
Nationality: China
In accordance with the “Company Law of the People’s Republic of China”, “Law of the People’s Republic of China on Sino-
foreign Equity Joint Ventures” and “Provisions for the Alteration of Investors’ Equity Interests in Foreign-invested
Enterprises”, Party A and Party B, abiding by the principle of equality and mutual benefit and through friendly negotiations,
hereby enter into this Agreement with respect to Party B transferring its equity in Zhejiang Yuhui Solar Energy Source Co., Ltd.
(hereinafter referred to as “the Company”) to Party A, on and subject to the terms and conditions as set forth below:
1. Transferred Equity and Transfer Price
Party B holds 25% equity in the Company and now transfers all its 25% equity in the Company to Party A at a transfer price of
USD 745,000. Party A agrees to accept the transfer of the said equity at the said price.
2. Term and Method of Payment
Party A shall pay the said equity transfer price in USD spot exchange to the bank account designated by Party B within three
months from the date when this Agreement is approved by the original examination and approval authority and industrial and
commercial change registration is handled, namely a new business license is issued to the Company. If Party A fails to make
such payment on time for whatever reason, Party A and Party B shall timely handle the procedures for a delayed payment up to
three months with the origina