English Translation of Purchase Contract



 Exhibit 4.70 
 English Translation 
 PURCHASE CONTRACT 
  

			
		  	Contract No. CG120070545
		  	 Execution Place: Jiangning District, Nanjing

		  	 Execution Date: December 29, 2007

		
	 Seller: CEEG (Nanjing) Semiconductor Material Co., Ltd.
	  	Buyer: CEEG (Nanjing) PV-Tech Co., Ltd.
	 Add.: 6 Shuige Road, Jiangning Economic &
 Technical Development Zone, Nanjing 21000
	  	 Add.: 123 Focheng West Road, Jiangning
 Economic &
Technical Development Zone, Nanjing 211100

	 Legal representative: Gao Zhengfei
	  	Legal representative: Lu Tingxiu
	 Entrust Agent: Gan Zhengfei
	  	Contact Person: Sun Qiquan
	 Tel: 025-52095976
	  	Tel: 025-52766603
	 Fax: 025-52095953
	  	Fax: 025-52766882

 Through friendly consultation, the parties agree to enter into and abide by this contract on the following
stipulations according to the Contract Law of the People’s Republic of China:: 
 1. Product Name, Specification and Type, Quantity and
Amount: 
  

															
	 Number
	  	 Product Name
	  	 Specification
 and Type
	  	Unit	  	 Quantity
	  	Unit
Price	  	Total
Amount	  	 Remarks

		  	 Mono-crystalline
 Silicon Wafer
	  	156*156	  	piece	  	26,000	  	RMB 90	  	RMB 2,340,000	  	
		
		  	 Total Amount: RMB Two Million Three Hundred and forty Thousand Only (including 17% value added tax)
 (RMB 2,340,000)


 2. Quality Standards of Silicon Wafers: 
 Type P / boron; tendency <100>±3 degree; resistivity: 0.5~1, 1~3, 3~6 W •cm, RRV < 25%; square width: 156 ± 0.5 mm; diagonal length: 200 ± 1 mm; arc
length: 20~23.20 mm; thickness: 220 ± 25 (TTV £ 30 μm), wafer angle : 90 ± 0.3 degree; camber: £40 μm. Surface incision £ 30
μm, no piezoglypt, no punch, no stain; the edge collapse: £ one third of the side thickness, with the length <0.5 mm and the width towards inside surface < 0.2 mm, on each wafer not more than two pieces.

 Electronics performance: working life: > 10 μs; carbon content : < 5*1016 at/cm3 , oxygen content : < 1*1018 at/cm3. 
 It is difficult to analyze and test impurities content and wafer’s working life and is impossible to test all performance of each wafer. Therefore, the Buyer will
conduct inspection on the silicon wafers purchased by sampling inspection and qualification test through preproduction. For the qualification test through preproduction, 10% of the silicon wafers (purchased as qualified products ) shall be evenly
taken out and preproduced after technology optimization. If the average conversion rate exceeds 16.00%, it means that the silicon wafers delivered hereunder meet the requirements. 
 3. Form and Term of Payment: 
 3.1 The Buyer shall pay to the seller within three working days of arrival of the goods
at the Buyer’s warehouse. 
  

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 3.2 The Seller is responsible for providing to the Buyer the full invoice of 17% value added tax within five days after
delivery. 
 4. Packing, Transit and Insurance: 
 4.1 The
packaging shall meet the requirement of solar grade mono-crystalline silicon wafers transportation. Any damage due to improper packing shall be borne by the Seller. 
 4.2 The Seller shall be responsible for transit and shall cover the freight and insurance premium. 
 5. Term and Place of
Delivery: 
 5.1 Term of Delivery: The Seller shall perform the whole delivery within two days upon the execution of this Contract. 
 5.2 Place of Delivery: both parties agree that the place of delivery shall be Buyer’s warehouse. 
 6. Inspection of Quantity and Quality and Claims; 
 If there is any quality problem, the Buyer shall complete
inspection according to the agreed standards and claim within thirty working days of arrival of the goods at the Buyer’s warehouse. The Seller shall reply within seven days after receipt of notice regarding claim on quality issued by Buyer,
otherwise shall be deemed to consent to the claims of the Buyer. 
 7. Reasonable Standards of Loss and Damage of Subjects and Calculation Method 

 Subject to the actual received quantity in the Buyer’s Location. 
 8. Liabilities of Breach 
 8.1 Within the quality inspection period, if the type, specifications and technology parameters of the products
delivered by the Seller do not conform to that is agreed herein, the Buyer shall be entitled to payment refund, replacing of quality goods or price reduction according to the specific situation of the products. The Seller shall reply within three
days after receiving the Buyer’s written handling advice, otherwise it shall be deemed to consent to the Buyer’s handling advice. 
 8.2 If the
Seller delays the delivery, the Seller shall pay to the Buyer a default penalty of 0.05% of the total value of the delayed goods per day. 
 8.3 It shall be
deemed as failure of delivery if the Seller if Party A fails to delivery goods within seven working days after the due time, and the Buyer shall be entitled to notify the Seller to terminate this Contract. This Contract shall be terminated upon the
arrival of the written notice to the Seller. The Seller shall return the amount paid by the Buyer within three days after receiving Buyer’s written notice for contract termination and compensated for the relevant losses suffered by the Buyer.
Both parties agree that the default penalty shall be 20% of the amount of this Contract. 
 9. Transfer of Contract 
 Neither party may, without written consent of the other party, transfer all or part of rights or obligations under this Contract. 
 10. Confidentiality 
 The parties hereto and their employees, agents,
representatives and counsel shall treat the terms and conditions under this Contract and any its supplementary agreements as business secrets and shall not disclose the information to any third party unless upon consent of the other party.
Otherwise, the defaulting party shall compensate as much as twice of the direct or indirect losses of the other party. 
  

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 11. Force Majeure 
 If
any party is unable to perform the contract due to any force majeure event, the affected party shall notify the other party within 7 days upon the occurrence of such event, and shall present written evidence issued by the relevant authority within
15 days upon the end of such events and could partially or wholly exempt from the liability in the light of the impact caused by force majeure. Where an event of force majeure occurs after the party’s delay in performance, the defaulting party
shall not be exempted from its liabilities. 
 12. Integrity Assurance 
 12.1 It shall be viewed as damage to the Buyer’s interest if the Seller and its staff directly or indirectly give, in the name of the company or an individual, a gift of money, valuables, securities or provide an
improper interest in otherwise forms to any employee of the Buyer, or if the Seller and its staff conduct, in the name of the company or an individual, with any employee of the Buyer or any third person introduced by such employee a transaction
similar to this Contract. The Seller shall compensate as much as twice of the direct or indirect losses incurred by the Buyer by such reason, and shall be liable for the liquidated damages as of 20% of the amount of this Contract (up to RMB
1,000,000). 
 12.2 The integrity report method for the Buyer: the Lawyer of Changming Xu, 13851647666, lawyerxucm@hotmail.com. 
 13. Prohibition of Commercial Fraud 
 If the Seller breaches the
principle of honesty by providing to the Buyer false registration materials, false certificates of qualification or false information, or by hiding the truth to deceive the Buyer or the end user, it shall be liable for the liquidated damages as of
20% of the amount of this Contract (up to RMB 1,000,000). This Article shall not preclude the liabilities of breach undertaken by the Seller according to other provisions hereunder. 
 14. Settlement of Disputes 
 All disputes arising from the validity, performance and interpretation of this Contract
shall be settled friendly by both parties. In case no settlement can be reached through consultation, the jurisdiction shall belong to the competent people’s court of first instance of the Buyer’s location. The relevant expenses (including
attorney fees, travel expenses, cost of adducing evidence, notary fees, litigation fees and so on) shall be borne by the losing party. 
 15.
Effectiveness and Miscellaneous 
 15.1 This Contract shall come into effect upon signature and seal of the parties. The printed copy of this Contract
shall take precedence to other copies. Any modification shall not become effective until signed and sealed by both parties. If the Contract has more than one page, then each page should be sealed on the perforation. 
 15.2 This Contract shall be executed in two counterparts with same legal effect, with each of the parties hereto holding one. Both parties shall send the originals of
this Contract to each other within three working days upon the execution of this Contract. The faxed copies shall be as valid as the original. 
 15.3 Any
matters not covered in this Contract shall be mutually negotiated by both parties and be set forth in the supplementary agreements, which have the same legal effect as this Contract. 
  

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	 The Seller: CEEG (Nanjing) Semiconductor
 Material Co.,
Ltd. (Seal)
 Contact Person:
  
 Execution Date: November 12, 2007
	  	 The Buyer: CEEG (Nanjing) PV-Tech Co.,
 Ltd.(Seal)
 Contact Person:
  
 Execution Date: November 12, 2007


  

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