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Exhibit
10.3
Land Purchase
Agreement
Party A: The
People's Government of Fangcheng County
Party B:
Nanyang Universal Solar Technology Co., Ltd.,
In order to
attract talented people and promising enterprises, the People's
Government of Fangcheng County decided to enhance the development
of polysilicon industry by helping Nanyang Universal Solar
Technology Co., Ltd. to launch its solar panel project. Both
parties have made agreement that Nanyang Universal Solar Technology
Co., Ltd. would purchase 71280 ㎡
of land locating at Houlin
Village, Erlangmiao Town.
The two parties
reached an agreement after friendly negotiation as
follows:
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1.
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Acreage and
geography location.
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North End:
South Shuitang farmland; South End: North Liuhezhuang, East End:
West Houlinzhuang to West Liuhezhuang road farmland, West End:
Liuhezhuang road farmland. The land is rectangle and the acreage is
71280 ㎡
with lengths of 264 meters from east
to west and 270 from north to south.
2.
Payment.
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