English Translation of Form of Guarantee Contract



 Exhibit 4.57 
 English Translation 
 Contract
Number:                                       
  
 Guarantee Contract 
  

			
	Guarantor (Party A): China Electric Equipment Group Co., Ltd.
	Domicile (Address): 88 Shengtai Road, Jiangning
	Legal Representative: Lu Tingxiu


					
		
	Creditor (Party B):	 	 Industrial and Commercial Bank of China Limited
 Nanjing
Hanfu Sub-branch



			
	Domicile (Address): 404 East Zhongshan Road
	Legal Representative: Wang Xing

  

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 Contents 
  

			
	 Article 1
	  	Representations and Warranties of Party A
	 Article 2
	  	Categories and Amount of the Creditor’s Right to be Secured
	 Article 3
	  	Term of Fulfilling the Obligation for the Borrower of the Main Contract
	 Article 4
	  	Form of Guarantee
	 Article 5
	  	Scope of Guarantee
	 Article 6
	  	Term of Guarantee
	 Article 7
	  	Rights and Obligations of Party A
	 Article 8
	  	Rights and Obligations of Party B
	 Article 9
	  	Liabilities for Breach of Contract
	 Article 10
	  	Effectiveness, Modification, Rescission and Termination of the Contract
	 Article 11
	  	Dispute Settlement
	 Article 12
	  	Miscellaneous
	 Article 13
	  	Supplementary Provisions

  

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 To ensure the proper and truthful fulfillment of the Borrower’s obligations under the Loan Contract
(the “Main Contract”) of
                                     entered into by and
between CEEG (Nanjing) PV-Tech Co., Ltd. (the “Borrower”) and Party B hereto on              (date), Party A agrees to provide Party B with the security of
guarantee. To specify the rights and obligations of the Parties, Party A and Party B enter into this Contract upon equal consultation in accordance with Contract Law, Security Law and other relevant laws and regulations. 
 Article 1 Representations and Warranties of Party A 
 1.1
Party A has the qualification of being a guarantor to provide external security of guarantee in accordance with Chinese laws. 
 1.2 Party A has sufficient
ability to undertake the guarantee liability which will not be alleviated or released for any order, change in financial condition or any agreement with any entity. 
 1.3 Party A fully understands the purpose of the loan under the Main Contract. Party A provides out of its free will the security of guarantee for the Borrower of the Main Contract, and all the declaration of will by
Party A hereunder is authentic. 
 1.4 If the Borrower fails to fulfill its obligation of repaying the principal and interest of the loan and the
corresponding expenses as stipulated in the Main Contract, Party B may claim against Party A directly, and Party A authorizes Party B to deduct and collect the funds in the accounts of Party A opened with Industrial and Commercial Bank of China and
all of its branches to pay the indebtedness under the Main Contract. If the deducted and transferred amount is foreign exchange, the amount shall be converted at the buying rate promulgated by Party B on the deducting and transferring date.

 Article 2 Categories and Amount of the Creditor’s Right to be Secured 
 2.1 The creditor’s right to be secured hereby is the loan granted by Party B under the Main Contract with an amount of RMB (in word)
                            . 
 Article 3 Term of Borrower’s Fulfillment of its Obligation under the Main Contract 
 3.1 Term of
performance of the Main Contract is              months from
                     to
                    . Changes shall be subject to the stipulation in the Main Contract. 
 Article 4 Form of Guarantee 
 4.1 The guarantee hereunder is
a guarantee with joint and several liability. 
  

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 Article 5 Scope of Guarantee 
 5.1 The scope of guarantee under this guarantee contract shall cover the principal of the loan, interest, compound interest, penalty interest, default penalty, damages and the expenses for the enforcement of the
creditor’s right and other expenses payable under the Main Contract. 
 Article 6 Term of Guarantee 
 6.1 The term of guarantee hereunder is two years commencing from the day following the due date of the loan under the Main Contract. 
 6.2 If the loan under the Main Contract will become due in installments, the term of guarantee for each installment of the loan will be two years commencing from the day
following the due date of each installment of the loan. 
 6.3 If Party B early withdraws the loan as stipulated in the Main Contract, the term of guarantee
will be two years commencing from the day following the repayment date as notified by Party B to the Borrower. 
 Article 7 Rights and
Obligations of Party A 
 7.1 Party A shall provide the relevant materials as required by Party B and ensure the authenticity and legitimacy of such
materials. 
 7.2 Party A shall be obliged to sign for the payment claim notice or other claim documents as sent by Party B and send back the confirmation
within three days after signing for it. 
 7.3 If Party A is involved in any of the following, it shall notify Party B timely: 
 7.3.1 Change in operational mechanism, such as contracting, leasing, pooling, consolidation, merger, division, shareholding system restructuring, establishing a joint
venture or cooperating with foreign investors; 
 7.3.2 Change in business scope, registered capital and shareholding; 
 7.3.3 Deterioration of financial condition or involvement in material economic dispute; 
 7.3.4 Bankruptcy, going out of business, dissolution, putting up the shutters for adjustment, revocation of business license, cancellation of registration; 
  

	7.3.5	Change in domicile, telephone number and legal representative. 

 7.4 In
the event of the situation in Article 7.3.1 or 7.3.2, Party A shall notify Party B thirty days in advance; in the event of other situations in the aforesaid clause, Party A shall notify Party B within five days after the occurrence of each
situation. 
 7.5 In the event Party B and the Borrower agree to modify the Main Contract, other than extension or increasing the amount of the loan, the
consent of Party A is not needed, and Party A shall still assume the joint and several guarantee liability within the original scope of guarantee. 
 7.6 In
the event Party B transfers the creditor’s right to any third party within the term of this Contract, Party A shall still assume the joint and several guarantee liability within the original scope of guarantee. 
  

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 7.7 In the event Party A provides any form of security to any third party within the term of this Contract, such security
shall not impair the interest of Party B. 
 7.8 In the event Party A is involved in division, consolidation, shareholding system restructuring or other
event within the term of this Contract, it shall ensure the proper fulfillment of all the guaranty liability hereunder. 
 7.9 Party A will be released from
the guarantee liability upon the Borrower pays off all the indebtedness under the Main Contract. 
 Article 8 Rights and Obligations of Party
B 
 8.1 Party B is entitled to request Party A to provide the relevant documents that can certify its legal identity. 
 8.2 Party B is entitled to request Party A to provide the financial reports and other information that can reflect its credit. 
 8.3 If all or part of the creditor’s right of Party B is not realized upon the expiration of the term of loan, Party B shall be entitled to request Party A to
undertake the guarantee liability according to this Contract. 
 8.4 Under any of the following situations, Party B shall be entitled to require Party A to
early undertake the guarantee liability by a written notice, and Party A shall fulfill the guarantee liability within ten days after receiving the foregoing notice: 
 8.4.1 Party B rescinds the Main Contract as stipulated in the Main Contract according to law; 
 8.4.2 Party B early withdraws the loan according to
other stipulations in the Main Contract; 
 8.5 Party B shall timely notify Party A if Party B transfers the creditor’s right to any third party
according to law within the term of this Contract. 
 Article 9 Liabilities for Breach of Contract 
 9.1 If Party A makes false statements and representations in Article 1 hereof, which causes loss to Party B, Party A shall compensate Party B for its loss. 

9.2 Upon effectiveness of this contract, the Parties shall fully fulfill their obligations as stipulated herein. If any Party fails to fulfill or fully fulfill the
stipulated obligations, it shall bear the relevant liability for breach of contract and compensate the other Party for the loss arising therefrom. 
 9.3 If
this Contract becomes invalid due to Party A’s fault, Party A shall compensate Party B for all the loss within the scope of guarantee. 
 Article 10 Effectiveness, Modification, Rescission and Termination of the Contract 
 10.1 This Contract shall come into effect after signed or
sealed by the Parties and terminate on the date that the principal of the loan, interest, compound interest, penalty interest, default penalty, damages and the expenses for realizing the creditor’s right and all other expenses payable by the
Borrower under the Main Contract are fully paid. 
  

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 10.2 This Contract is separate from the Main Contract and will not become invalid due to the invalidity of the loan
contract. If the Main Contract becomes invalid, Party A shall still undertake the liability according to this Contract. 
 10.3 Neither of the Parties shall
make bold to modify or rescind this Contract after it comes into effect. If it is necessary to modify or rescind the Contract, the Parties shall consult with each other and conclude a written agreement, and this Contract shall still be effective
before the conclusion of such written agreement 
 Article 11 Dispute Settlement 
 11.1 Any dispute between the Parties arising from the performance of this Contract shall first be settled through consultation between the Parties. If the dispute can
not be settled through consultation, it shall be settled through the second of the following methods: 
 11.1.1 Arbitration by
                        ; 
 11.1.2 Settled through litigation before the court where Party B is located. 
 Article 12 Miscellaneous 
 12.1 The Guarantor represents that the guarantee of the Guarantor complies with the procedures and restrictions stipulated in the Articles of Association of the Company
and does not violate laws, regulations and other relevant rules. In the event the above representation is false or has concealment, the Guarantor will bear any and all responsibilities caused thereby.  
 Article 13 Supplementary Provisions 
 13.1 This Contract is
made in                      original counterparts with each Party holding one. All the counterparts have the same legal effect. 

 

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	Party A (Official Seal):	    	Party B (Official Seal):	  		  	
				
	Legal Representative	    	Legal Representative	  		  	
	(or Entrusted Agent)	    	(or Entrusted Agent)	  		  	
				
	  
	    	  
	  		  	

  

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 Schedule 
  

													
	 No.
	 	Ref.	 	Ref. of the
Loan
Contract	 	Amount	 	Term of the
Loan	 	Copies of
Originals	 	Date of
Agreement
	1	 	43010158-
2007 Nian Han
Fu (Bao) Zi No.
0025
	 	43010158-
2007 Nian
(Han Fu) Zi
No. 0089	 	RMB 50.0
million	 	twelve months,
from May 25,
2007 to May 23,
2008	 	Four copies	 	May 25,
2007
							
	2	 	43010158-
2007 Nian Han
Fu (Bao) Zi
No. 0031	 	43010158-
2007 Nian
(Han Fu) Zi
No. 0129	 	RMB 10.0
million	 	twelve months,
from July 20, 2007
to July 18, 2008	 	Four copies	 	July 20,
2007
							
	3	 	43010158-
2007 Nian Han
Fu (Bao) Zi
No. 0038	 	43010158-
2007 Nian
(Han Fu) Zi
No. 0152	 	RMB 20.0
million	 	twelve months,
from August 31,
2007 to August 26,
2008	 	Two copies	 	August 31,
2007

  

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