5N Plus Inc. announced the extension of its supply agreement with First Solar, Inc. pursuant to which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar from 5N Plus’ Montreal facility. 5N Plus Inc. also announced the extension of its supply agreement with First Solar Inc., relating to the supply of similar product from 5N Plus’ German facility, which agreement is subject to the execution of notarized documents in accordance with German law. Pursuant to these amendments, the previous supply agreements are being extended until July 31, 2012, representing approximately one additional year.

The agreements are being amended to increase by 50% the minimum prescribed quantities of cadmium telluride to be ordered by First Solar for most of the remaining term of the agreements. In addition, the definition of “change of control”, which allows First Solar to exercise a purchase option over 5N Plus’ German assets in certain circumstances, are being materially amended, such that a “change of control” will now occur only when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.