EX-10.4
from 8-K
6 pages
As an Inducement and Condition to the Lender’s Willingness to Provide a Term Credit Facility in an Aggregate Principal Amount of Up to $20,000,000 to Hoku on the Terms and Conditions Set Forth in the Credit Agreement, Hoku Requested Its Parent Company, Tianwei New Energy Holdings Co., Ltd. (“Tianwei”), and Tianwei Provided Cash Collateral of Approximately 106% of the Face Amount of the Letter of Credit in Renminbi (Rmb) (“Cash Collateral”) in Favor of the Issuing Bank as Security for the Reimbursement Obligations Now or Hereafter Arising From Draws Under the Letter of Credit (The “Tianwei Lc Obligations”). as a Continuing Inducement and Condition to the Lender’s Willingness to Extend the Maturity and Make Other Modifications With Respect to the Financing Provided Under the Credit Agreement, Tianwei Has Agreed to Extend the Term of the Letter of Credit and to Continue to Provide the Cash Collateral in Favor of the Issuing Bank to Secure the Tianwei Lc Obligations. Reimbursement Obligations
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EX-10.2
from 8-K
6 pages
As an Inducement and Condition to the Lender’s Willingness to Provide a Term Credit Facility in an Aggregate Principal Amount of Up to $10,000,000 to Hoku on the Terms and Conditions Set Forth in the Credit Agreement, Hoku Has Requested Its Parent Company, Tianwei New Energy Holdings Co., Ltd. (“Tianwei”), and Tianwei Has Agreed, to Provide Cash Collateral of 110% of the Face Amount of the Letter of Credit in Renminbi (Rmb) (“Cash Collateral”) in Favor of the Issuing Bank as Security for the Reimbursement Obligations Now or Hereafter Arising From Draws Under the Letter of Credit (The “Tianwei Lc Obligations”). Reimbursement Obligations
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EX-10.91
from 10-K
2 pages
June 24, 2011 (I) Deliver the Letter of Credit by July 8th, 2011 in the Amount of $635,999.50. (II) Upon the Earlier of Successful Acceptance Testing at Hoku’s Facility in Pocatello, Idaho, and July 30, 2011, Hoku Shall Pay the Amount of $317,999.75 (The “Second Payment”). (III) Upon the Earlier of 6 Months After the Date of Commissioning and December 31, 2011, Hoku Shall Pay the Amount of $317,999.75 (The “Third Payment”)
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