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| Article      1                                                                          | Definitions      and Interpretations                        |   | 2      |
|-----------------------------------------------------------------------------------------|-------------------------------------------------------------|--------|--------|
|                                                                                    |                                                        |   |   |
| Article      2                                                                          | Share      Transfer                                         |   | 4      |
|                                                                                    |                                                        |   |   |
| Article      3                                                                          | Share      Transfer Purchase Price and Payment              |   | 4      |
|                                                                                    |                                                        |   |   |
| Article      4                                                                          | Conditions      Precedent to the Second Batch Price Payment |   | 5      |
|                                                                                    |                                                        |   |   |
| Article      5                                                                          | Second      Batch Price Post Obligations                    |   | 8      |
|                                                                                    |                                                        |   |   |
| Article      6                                                                          | Representations      and Warranties                         |   | 9      |
|                                                                                    |                                                        |   |   |
| Article      7                                                                          | Indemnification                                             |   | 10     |
|                                                                                    |                                                        |   |   |
| Article      8                                                                          | Termination                                                 |   | 11     |
|                                                                                    |                                                        |   |   |
| Article      9                                                                          | Confidentiality                                             |   | 12     |
|                                                                                    |                                                        |   |   |
| Article      10                                                                         | Amendment      and Waiver                                   |   | 13     |
|                                                                                    |                                                        |   |   |
| Article      11                                                                         | Assignment                                                  |   | 13     |
|                                                                                    |                                                        |   |   |
| Article      12                                                                         | Expenses                                                    |   | 13     |
|                                                                                    |                                                        |   |   |
| Article      13                                                                         | Governing      Law and Dispute Resolution                   |   | 14     |
|                                                                                    |                                                        |   |   |
| Article      14                                                                         | Notices                                                     |   | 14     |
|                                                                                    |                                                        |   |   |
| Article      15                                                                         | Signing      and Effectiveness                              |   | 16     |
|                                                                                    |                                                        |   |   |
| Article      16                                                                         | Miscellaneous                                               |   | 16     |
|                                                                                    |                                                        |   |   |
| Article      17                                                                         | Headings                                                    |   | 16     |
|                                                                                    |                                                        |   |   |
| Article      18                                                                         | Entire      Agreement and Language                          |   | 17     |
|                                                                                    |                                                        |   |   |
| Appendix      1: Basic Information of the Company                                       |                                                        | 19     |
|                                                                                    |                                                        |   |
| Appendix      2: Representations and Warranties of the Transferors and the      Company |                                                        | 20     |

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| 1. | CEEG      (Shanghai) Solar Science & Technology Co., Ltd. is a Sino-foreign      limited liability company duly established by the Transferors and validly      existing under the PRC Laws, the detailed information of which is set      forth in Appendix 1 hereto. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The      Transferors are shareholders of the Company and holds 100% shares of the      Company jointly. |
|----|---------------------------------------------------------------------------------------------------------|

| 3. | The      Transferors unanimously agree to transfer to the Transferee and the      Transferee agrees to acquire from the Transferors the 100% shares held by      the Transferors in the Company on the terms and conditions set forth in      this Agreement. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.1 | Definitions Unless otherwise      specified herein, the following terms shall have the meanings ascribed      them below: |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| PRC      or China   |   | means      the People’s Republic of China, for the purpose of this Agreement,      excluding Hong Kong Special Administrative Region, Macao Special      Administrative Region and Taiwan                                                           |
|---------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                                                                                                                                                      |
| PRC      Laws       |   | means      laws, regulations, judicial interpretations and administrative rules      officially promulgated by the Chinese legislative authorities at each      level and other competent authorities.                                                    |
|                |   |                                                                                                                                                                                                                                                      |
| Agreement           |   | means      this Share Transfer Agreement.                                                                                                                                                                                                                 |
|                |   |                                                                                                                                                                                                                                                      |
| Benchmark      Date |   | means      November 30, 2009.                                                                                                                                                                                                                             |
|                |   |                                                                                                                                                                                                                                                      |
| Business            |   | means      the business conducted and to be conducted by the Company on or prior to      and after the date of the Share Transfer pursuant to this      Agreement.                                                                                        |
|                |   |                                                                                                                                                                                                                                                      |
| Encumbrances        |   | means      mortgage, pledge, lien or other third party’s interests or other rights or      claims that may be exercised or filed by third parties.                                                                                                  |
|                |   |                                                                                                                                                                                                                                                      |
| Share      Transfer |   | means      the transfer by the Transferors to the Transferee and the acquisition by      the Transferee from the Transferors of the 100% shares held by the      Transferors in the Company on the terms and conditions set forth in this      Agreement. |

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| Approval      Authority   |         | means      the original examination and approval authority at the time of      establishment of the Company.                                                    |
|---------------------------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |         |                                                                                                                                                            |
| AIC                       |         | means      Shanghai Administration of Industry and Commerce                                                                                                     |
|                      |         |                                                                                                                                                            |
| RMB                       |         | means      the legal currency of the PRC.                                                                                                                       |
|                      |         |                                                                                                                                                            |
| Conditions      Precedent |         | means      the conditions precedent to the Second Batch Price payment as specified in      Article 4 hereof.                                                    |
|                      |         |                                                                                                                                                            |
| Land                      |         | means      the land plot No.V-25A in Songjiang District of Shanghai Municipality the      land use right of which belongs to the Company.                       |
|                      |         |                                                                                                                                                            |
| Completed      Projects   |         | means      solar cell module production projects having an accumulative capacity of      110MW/year that the Company has completed and put into      operation. |
|                      |         |                                                                                                                                                            |
| Social      Insurance     |         | means      the pension, medical insurance, work-related insurance, unemployment      insurance and maternity insurance prescribed by the PRC    Laws.           |
|                      |         |                                                                                                                                                            |
| Leased      Properties    |         | means      all the properties leased by the Company currently, including plants,      offices, employee dormitories and cafeteria.                              |
|                      |         |                                                                                                                                                            |
| Working      Day          |    | means      a day other than Saturday, Sunday or holidays prescribed by the PRC      Laws.                                                                       |

| 1.2 | Interpretations |
|-----|-----------------|

|   | (a) | References      to articles, sections, subsections, appendices, recitals or preambles are      to articles, sections, subsections, appendices, recitals or preambles of      or to this Agreement; articles, sections, subsections, appendices,      exhibits, recitals or preambles constitute part of this      Agreement; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | The      table of contents and headings in this Agreement are for convenience only      and shall not affect the meaning and interpretation of this      Agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The      words “include”, “includes” and “including” shall be deemed to be followed      by the phrase “without limitation”; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (d) | The      words “hereof”, “herein”, “hereby” and “hereunder” and words of similar      import, when used in this Agreement, shall refer to this Agreement as a      whole and not to any particular provision of this    Agreement; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Terms      defined herein, when used in any certificates or other documents made or      delivered in accordance with this Agreement, shall have the meanings      ascribed to them, unless otherwise specified therein; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | Any      Law defined or referred to herein or in any agreement or instrument that      is referred to herein shall mean such Law or statute as from time to time      amended, modified or supplemented, including by succession of comparable      successor statutes; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | References      to a person shall also include its permitted successors or assigns;      and |
|--------|-----|----------------------------------------------------------------------------------------------|

|   | (h) | The      use of “or” is not intended to be exclusive unless expressly indicated      otherwise. |
|--------|-----|-------------------------------------------------------------------------------------------------------------|

| 1.3 | The      Appendices form part of this Agreement and shall have the same force and      effect as if expressly set out in the body of this Agreement and any      reference to this Agreement shall include the  Appendices. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1 | Subject      to the terms and conditions of this Agreement, the Transferors agree to      transfer to the Transferee and the Transferee agrees to accept from the      Transferors on the date of this Agreement the entire shares of the      Company, together with all the rights, title and interests attaching      thereto as at the date hereof (the “Shares”). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The      Transferors hereby acknowledge and warrant that the Shares are free from      any Encumbrances, and that the Transferee will obtain all the entire      powers and rights attached to the Shares after it fully pays the Second      Batch Price Price (as defined below) on the terms and conditions of this      Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1 | The      Parties have determined that the share transfer price is RMB200 million      (the “Share Transfer      Price”). The Parties agree that the Share Transfer Price will be      paid in cash in accordance with the indication of  CEEG. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | The      Transferor and Transferee agree that the Share Transfer Price shall be      paid according to thefollowings: |
|-----|-----------------------------------------------------------------------------------------------------------------------|

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|   | (a) | TheTransferee      shall pay the Transferor 20% of the Share Transfer Price, i.e. RMB 40      million within five (5) Working Days of the execution of the Agreement      (“First Batch      Price”). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Upon      the satisfaction or waiver by the Transferee of all the Conditions      Precedent specified in Article 4 hereof, the CEEG representing the      Transferors shall deliver to the Transferee originals or certified true      copies of letters, certificates, documents and other written materials      proving the satisfaction of such Conditions Precedent. The Transferee      shall, within three (3) Working Days of its receipt of such documents and      materials, issue a written response to CEEG, confirming the satisfaction      of the Conditions Precedent or explaining in details the reasons that it      believes the non-satisfaction of the Conditions Precedent. On the second      day of the date when it confirms in writing the satisfaction of the      Conditions Precedent or on the second day of the expiry date of the      aforesaid three-day period in case the Transferee fails to respond within      such period (the “Second      Batch Price Payment Date”), the Transferee shall pay 60% of the      Share Transfer Price, i.e. RMB 120 million to the Transferors (“Second Batch      Price”). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | On      the date of the completion of the change of registration with the AIC and      the obtainment of the new business license from the AIC (“Price Pay-off Date”),      the transferee shall pay-off the rest Share Transfer Price, i.e. RMB 40      million to the Transferor. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | The      Transferors shall deliver all the seals and stamps and other relevant      certificates and licenses held by the Company to the Transferee before the      payment of the Second Batch Price on the Second Batch Price Payment      Date. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | If      the Conditions Precedent specified in Article 4 hereof have not been      satisfied or waived by May 31, 2010, then by a prior written notice, the      Transferee may: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | terminate      this Agreement without bearing any liability;or |
|--------|-----|----------------------------------------------------------------|

|   | (b) | make      payment according to the adjusted amount, if  the Transferors      and the Transferee agree to adjust the amount of the Share Transfer      Price |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1 | The      payment by the Transferee to the Transferors of the Second Batch Price      shall be conditioned upon the satisfaction of the following conditions,      unless all or part of such conditions are waived by the Transferee in      writing: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | The      approval for changes in shares of foreign-invested enterprises has been      issued by the Approval Authority with respect to the Share      Transfer; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (b) | No      material adverse changes occur to the financial condition, operation,      assets, creditor’s rights, liabilities, revenue, prospect or other aspects      of the Company, and no material changes occur in the ordinary course of      business  of the Company, during the period from the Benchmark      Date to the Second Batch Price Payment Date. Without limiting the      generality of the foregoing, “material adverse changes” include without      limitation the degree of deterioration in the financial condition of the      Company is more than 10%or, any adverse change in the status of agreements      between the Company and its main clients, and the Company’s loss of      business clients which rank the first places based on the amount of annual      revenue (same as below); |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The      Company has filed an application for postponing the date of commencement      of construction on the Land possessed by the Company with the competent      land authority and has obtained the consent and approval for such      postponement; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The      Company has paid to the competent tax authority the  urban and      township land use tax payable by it with respect to the Land possessed by      it; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | The      Company has communicated with the competent authority about the project      approval of the Completed Projects and has obtained such authority’s      opinion that the Company shall go through supplemental approval      formalities or go through filing formalities after it is converted into a      domestic company with respect to the Completed  Projects; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | The      Company has submitted the environmental impact assessment statements of      the Completed Projects to the competent environmental protection authority      with respect to the CompletedProjects; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | The      Company has filed applications for safety pre-assessment of the Completed      Projects with the competent safety administrative    authority; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | With      respect to the base and percentage of payment of social insurance      contributions adopted by the Company currently, the Company has      communicated with the competent administrative department of labor and      social security, and the Company has obtained a document issued by such      department proving its acceptance of the base and percentage of payment of      social insurance contributions adopted by the Company or has paid the      difference between the social insurance contributions payable by it and      the social insurance contributions paid by it; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (i) | With      respect to the Company’s relying on CEEG in each aspect of its production      and operation, the Company and the Transferors will work out a explicit      disposal plan (the “Disposal Plan) and a time schedule (the “Time      Schedule”) to be later attached as Appendix to this Agreement within      fifteen (15) days of the execution of this Agreement in respect of the      arrangement of the following issues following the Share Transfer, and the      Disposal Plan and the Time Schedule have been approved by the      Transferee: |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | CEEG      provides sales management and financial management services to the      Company; |
|--------|-----|--------------------------------------------------------------------------------------------|

|   | (ii) | The      Company shares certain employees withCEEG; |
|--------|------|-----------------------------------------------------|

|   | (iii) | It      is CEEG, other than the Company itself, who enters into dispatch      agreements with the labor dispatch service  provider; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | The      insured of part of insurance policies purchased by the Company are CEEG      and its subsidiaries; and |
|--------|------|-----------------------------------------------------------------------------------------------------------------|

|   | (v) | The      owner of domain name of the Company’s website is  CEEG. |
|--------|-----|------------------------------------------------------------------------|

|   | (j) | The      Company or the Transferors has performed its obligation to notify the      relevant lending banks or has obtained the consent of the relevant lending      banks with respect to the Share Transfer, if such notice or consent is      required in the loan agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (k) | Each      director of the Company has executed a resignation to confirm his/her      waiver of all his/her rights and to state that he/she will not make and      has not made any claims against the Company in the capacity of director or      for other reasons; for the avoidance of doubt, the resignation will become      effective upon the application of the registration of the Share Transfer      with the AIC; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (l) | The      authorized signatory of all the bank accounts of the Company has been      changed into the person designated by the Transferee in      writing; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (m) | Each      representation and warranty made by the Transferors under this Agreement      are true, correct, accurate and not-misleading in all material aspects as      at the Second Batch Price PaymentDate; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (n) | The      Transferors have performed and complied with each covenant, undertaking      and obligations this Agreement requires them to perform and comply with on      or prior to the Second Batch Price PaymentDate; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (o) | Sundex      or the Transferee has obtained the tax payment opinion (if necessary) from      the relevant tax authority and completed relevant foreign exchange      approval formalities with respect to overseas payment of the Share      Transfer Price (if necessary);and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (p) | The      Transferee has completed the financial, legal and business due diligence      exercise of the Company. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

| 4.2 | For      the avoidance of doubt, in order to prove the satisfaction of the      Conditions Precedent specified in Articles 4.1 (m) and (n), the      Transferors shall submit a written confirmation to the Transferee, stating      that (1) the representations and warranties specified in Article 6 hereof      and Appendix 2 hereto are true, accurate and complete in all aspects as of      the Second Batch Price Payment Date; (2) the undertakings and obligations      contained herein have been complied with by the Transferors in all aspects      during the period from the date hereof to the Second Batch Price Payment      Date; and (3) no event or circumstance which have had or will have an      material adverse effect has occurred during the period from the Benchmark      Date to the Second Batch Price PaymentDate. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1 | Following      the Second Batch Price Payment Date, the Transferors shall and shall      promote the Company to, as soon as possible, prepare such documents and      materials and go through such formalities as are necessary for handling      change registration with the AIC, and shall file an application for      registering the change in the Company to the AIC within three (3) Working      Days of the Second Batch Price PaymentDate. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | Following      the Second Batch Price Payment Date, the Transferors will perform on a      continuous basis their obligations specified in the Disposal Plan and the      Time Schedule under Article 4.1 (j), and shall procure the fulfillment of      the Disposal Plan in line with the Time Schedule, unless the Parties      modify the Disposal Plan and the Time Schedule through      consultations. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | Following      the Second Batch Price Payment Date, the Transferors shall, at the request      of the Transferee and the Company, assist the Company to complete the      following formalities: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | obtain      the approval on check and acceptance of environmental protection      facilities of the Completed Projects and complete emission declaration, if      applicable; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | obtain      the approval on check and acceptance of safety facilities of the Completed      Projects; |
|--------|-----|-------------------------------------------------------------------------------------------------------|

|   | (c) | register      the lease agreements for the Leased Properties with the relevant house      lease administrative department forfiling. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------|

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| 5.4 | Following      the Price Pay-off Date, the Transferors shall, at the request of the      Transferee and the Company, assist the Company to go through the      formalities of change registration of relevant certificates and licenses      necessary for the operation of theCompany. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1 | Each      Party hereby represents and warrants to the other Parties,      that: |
|-----|---------------------------------------------------------------------------------|

|    | (a) | it      has full power and authority (including necessary government approvals and      internal approvals) to execute and perform this  Agreement; |
|--------------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|    | (b) | the      execution, delivery and performance of this Agreement to which it is a      party will not violate in any way its business license, certificate of      incorporation, corporate constitutional documents, or any applicable laws,      authorizations or approvals, or any provisions of any contractual      arrangements to which it is a party or is otherwise  bound; |
|--------------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|      | (c) | its      representative has been fully authorized to sign this Agreement on its      behalf; |
|--------------------------|-----|----------------------------------------------------------------------------------------------|

|    | (d) | no      lawsuit, arbitration or other legal or government proceedings undisclosed      is subsisting or pending, or to the best of such Party’s knowledge,      threatened in writing or affecting the performance of its obligations      hereunder; and |
|--------------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|     | (e) | it      shall execute all documents and take all actions necessary to effect the      Share Transfer. |
|--------------------|-----|-------------------------------------------------------------------------------------------------------|

| 6.2 | In      addition to the representations and warranties made jointly and severally      under Appendix 2 hereto, each of the Transferors further represents and      warrants jointly and severally to the Transferee  that: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | it      is the sole legal owner of the entire Shares held by  it; |
|--------|-----|-------------------------------------------------------------------|

|   | (b) | the      Shares are free and clear of any Encumbrance, preemptive right, right of      first refusal or other third party option or other  right; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | there is      no indebtedness owing to the      Company by it, or      director of the Company or other then      existing affiliates of      the Company as at the date of this Agreement and the Second Batch      Price Payment Date; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | no      event or circumstance which has or is likely to have a material adverse effect subsist as      at the date of this Agreement and the Second Batch Price Payment      Date; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (e) | all      information, documents, materials relating to the operation of the      Company, including without limitation contingent liabilities, have been      provided to the Transferee or the Transferee’s agent without any      concealment or material omission. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Each      of the Transferors hereby undertakes to notify and procure the Company to      notify the Transferee upon becoming aware of any event which may cause any      of the representations and warranties to be incorrect, misleading or      breached or which may have an adverse effect on the assets or liabilities      of the Company, and, until the Price Pay-off Date, to keep the Transferee      updated on a continuous basis for any  information. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | Each      of the representations and warranties shall be construed as a separate and      independent representation and warranty and shall not be limited or      restricted by the terms of any other representations and      warranties. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | The      representations and warranties made by the Parties shall be deemed to be      made as at the date hereof and the Second Batch Price Payment Date, and      all the representations and warranties and all the covenants and      obligations of the Parties will survive one (1) years of the Price Pay-off      Date.   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1 | The      Transferors hereby agree to jointly and severally compensate for the      losses suffered by the Transferee arising directly in connection with or      from:   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the      breach of any representation and warranty made by them herein within the      valid term of the representations and  warranties;; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the      breach of any undertaking or obligations contained  herein; |
|--------|-----|----------------------------------------------------------------------|

|   | (c) | within      one (1) year after the Price Pay-off Date, the making by any governmental      department or competent authority of a punitive decision in respect of the      Company due to any violation by the Company of the application laws      committed prior to the Second Batch Price Payment Date;  or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | within      one (1) year after the Price Pay-off Date, any losses incurred or arising      from any claim or cause of action of any third party due to any action,      inaction, event, liability or obligation of the Transferors occurring or      existing prior to the Price Pay-off Date, with the exception of such      action, inaction, event, liability or obligation that has been fully      disclosed to the Transferee by the Transferors and has been accepted by      the Transferee prior to the Second Batch Price Payment Date, and such      disclosed and accepted action, inaction, event, liability or obligation      shall not constitute a breach of the obligations  hereof. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.2 | If      the Transferee is aware of any circumstance specified herein under which      it may suffer losses, it shall notify the Transferors immediately and      reasonably provide the Transferee with an opportunity to fully defend      itself and mitigate the losses, and the Transferors shall fully cooperate      with the Transferee to minimize the possible losses by legal and effective      means. With respect to disputes, controversies, lawsuits, actions and      proceedings relating to the losses, the Transferee shall not waive or omit      the exercise of any of its rights in any forms against third parties      without the prior written consent of the Transferors. The Transferors are      not required to be liable for the magnification of losses resulting from      the omission by the Party suffering losses of exercise of its rights or of      waiver of its rights. Where the Transferor is remiss of cooperation,      thereby the losses are not effectively recovered, the Transferor shall      jointly assume the losses suffered by the  Transferee. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | The      provisions of Article 7 hereto shall not preclude any other rights      available to the Transferee under this Agreement or applicable laws or the      Transferee’s right to seek any otherremedies. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.1 | This      Agreement may be terminated under any of the following      circumstances: |
|-----|--------------------------------------------------------------------------------------|

|   | 8.1.1 | by      the parties by agreement; |
|--------|-------|-----------------------------------|

|   | 8.1.2 | by      the parties pursuant to Article 3.4hereof; |
|--------|-------|----------------------------------------------------|

|   | 8.1.3 | by      the Transferors if the Transferee fails to pay the Second Batch within      thirty (30) days of the date when all the Conditions Precedent specified      in Article 4 hereof are satisfied or deemed to be satisfied or waived,      unless the Parties unanimously agree in writing to extend the time limit      for payment of the Second Batch Price;or |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.1.4 | by      the Transferors (in case of breach by the Transferee) or the Transferee      (in case of breach by the Transferors) if the Transferee or the      Transferors materially breach the representations and warranties or its      other obligations hereunder, which have material adverse effects, and the      Transferee or the Transferors fail to remedy such breach to the      satisfaction of the Transferors (in case of breach by the Transferee) or      the Transferee (in case of breach by the Transferors) within thirty (30)      days of its receipt a relevant writtennotice. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.2 | Upon      the termination of this Agreement, if the Transferee has paid part or      whole of the Share Transfer Price to the Transferors, such Share Transfer      Price shall be returned to the Transferee pursuant to this Agreement,      provided however that the Transferee has committed a breach of this      Agreement; if the AIC has registered the Shares under the name of the      Transferee, the Company and the Transferee shall apply to the Approval      Authority for approval of share change, and after such approval of the      Approval authority for share change is issued, the formalities of change      registration with the AIC shall be gone through immediately to re-register      the Shares under the name of the Transferors.. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | If      the provisions of this Article 8 are terminated, this Agreement other than      Articles 9 and 13 shall become invalid. Unless otherwise agreed by the      Parties, the termination of this Agreement shall not hinder the exercise      and performance of the rights and obligations of the Parties accrued prior      to such termination. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.1 | The      Parties shall use all their reasonable efforts to keep, and shall ensure      that their respective affiliates and senior officers, employees, agents,      banks, accountants, legal advisors and other relevant personnel will keep      the following information (the “Confidential Information”)      confidential: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.1.1 | All      information relating to the Share Transfer, including without limitation      this Agreement and the progress of the Share  Transfer; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.1.2 | Any      information (in oral or in writing or in other forms) for which any Party      has taken protective measures, or which has been designated to be of      confidential nature, or the ownership of which belongs to any Party;      and |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.1.3 | Relevant      information on the other Parties that a Party may receive as a result of      its participating in the ShareTransfer. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | No      Party may disclose the Confidential Information to any third party without      the prior written consent of the otherParties. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | The      Confidential Information shall not include the following      information: |
|-----|-------------------------------------------------------------------------------------|

|   | 9.3.1 | which      is or becomes available to the public through no breach of the      confidentiality obligation; and |
|--------|-------|----------------------------------------------------------------------------------------------------------------|

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|   | 9.3.2 | which      is development independently or received legally without breaching the      confidentiality obligation. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------|

| 9.4 | If      a Party is required to disclose the Confidential Information by the      applicable laws or by binding judgments, orders or demands of competent      courts, any governmental authorities, agencies or regulatory authorities      or any other authorities having jurisdiction, such Party shall not be      deemed to have breached the confidentiality obligation specified in this      article, provided that such Party shall give a prior written notice to the      other Parties and shall consult with the other Parties for the purpose of      avoiding or mitigating the losses of the other Parties due to such      disclosure. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Any      amendment to this Agreement shall become effective after it is signed by      the Parties in writing and approved by the Approval    Authority. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Any      waiver of the provisions hereof and rights and obligations shall become      effective after it is signed by the waiving Party in writing and on the      date when it is approved by the Approval Authority if such approval of the      Approval Authority is required. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.1 | No      Party may assign or transfer any of its rights or obligations hereunder      and any attempted transfer or assignment shall be null and      void. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.1 | Each      Party shall bear its own expenses incurred in connection with the      preparation, negotiation, consultation and execution of this Agreement and      all related matters, including without limitation legal service fee,      financial audit fee, organizational structure change cost, and expense of      negotiation, consultation and execution of this Agreement. The detailed      provisions are as follows: |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.1.1 | The      Transferee shall bear the legal fee and financial audit fee paid by the      Transferee relating to the ShareTransfer; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | 12.1.2 | Unless      otherwise specified herein, each Party shall bear all the stamp duty,      income tax and any other taxes on net profits arising from the execution,      delivery and performance of this Agreement, in each case, payable by      it. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 13.1 | The      validity, interpretation, performance of and resolution of disputes in      connection with this Agreement shall be governed by the PRC      Laws. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | Any      dispute or claim arising from or in connection with this Agreement or any      matter relating to the breach, termination or invalidity of this Agreement      (including disputes over the validity of this Agreement or this article)      shall be resolved by the Parties through friendly      consultation. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3 | If      the Parties fail to resolve a dispute through consultation and mediation      within thirty (30) days of the issuance by a Party to the other Parties of      a notice confirming the occurrence of the dispute, such dispute shall be      submitted to China International Economic and Trade Arbitration Commission      (“CIETA”) for      arbitration in Shanghai in accordance with its arbitration      rules. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.4 | Arbitration      pursuant to this Article 13 shall be conducted by an arbitration panel      consisting of three (3) arbitrators, one of whom shall be appointed by the      Transferors jointly, one shall be appointed by the Transferee, where the      Transferors fail to appoint an arbitrator within thirty (30) days, the      CIETA shall appoint an arbitrator for the Transferors. The      chief  arbitrator shall be elected in accordance with the      arbitration rules then in force. The arbitration shall be conducted in      Chinese. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.5 | The      arbitral award shall be binding upon the Parties and the Parties agree to      be bound by and comply with the arbitral award. The court or other      judicial authorities having jurisdiction over the Party against with the      arbitral award is rendered or the assets of such Party may enforce the      arbitral award. Unless otherwise specified in the arbitral award, the      arbitration expense and the enforcement fee of the arbitral award shall be      borne by the losing Party. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.1 | All      notices, demands, requests, waivers, consents, approvals or other      communications (the “Notices” collectively)      shall be in writing with a copy kept by the delivering Party, shall be      signed by the legal or authorized representative of the delivering Party,      and shall be delivered to the following addresses or facsimile numbers or      such other addresses or facsimile numbers as may be    notified: |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 14.2 | Any      notice given by any Party shall be correctly addressed. Unless otherwise      specified herein, a notice may be sent by hand delivery, airmail,      facsimile or recognized courier service. If a notice is sent by hand      delivery or recognized courier service, it shall be deemed to be served      even if the addressee refuses to sign in. Any notice correctly addressed      shall be deemed to have been duly served under the following      circumstances: |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 14.2.1 | at      the time it is sent to the mailing address of the addressee and signed in      by or on behalf of the addressee (with the exception of the addressee      refuses to sign in)if by hand delivery (including by recognized courier      service); |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 14.2.2 | seven      (7) Working Days after the date of posting if by  airmail; |
|--------|--------|-----------------------------------------------------------------------|

|   | 14.2.3 | at      the time the transmission confirmation report is received if by      facsimile. |
|--------|--------|-----------------------------------------------------------------------------------------|

| 14.3 | Any      Party may change each item of its contact information specified herein,      provided that a formal notice shall be given to the other Parties. The new      contact information stated in the foregoing notice shall become effective      on the date specified below: |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 14.3.1 | an      effectiveness date specified in the notice;or |
|--------|--------|-------------------------------------------------------|

|   | 14.3.2 | ten      (10) days after the giving of the notice if no effectiveness date is      specified therein or the effectiveness date specified in the notice is      less than ten (10) days from the date of giving  thereof. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.1 | This      Agreement shall take effect after it is executed by the representative      representatives of the Parties and approved by the Approval      Authority. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.1 | This      Agreement shall be binding upon the successors of the Parties. The      successors of the Parties shall be entitled to the rights, interests,      obligations and liabilities of the Parties  hereunder. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | No      failure to exercise or delay in exercising any right or remedy hereunder      by any Party shall be deemed as a waiver thereof, nor any single or      partial exercise of any right or remedy hereunder shall hinder the further      exercise or other exercise thereof or the exercise of other rights or      remedies. The rights and remedies specified herein shall be in addition to      other rights or remedies available under the applicable laws, unless      otherwise specified by the applicable laws or unless the Parties have      provided restrictions on such rights and  remedies. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.3 | This      Agreement will supersede and preclude all agreements and arrangements      among the Parties (or by any Party) with respect to any matter hereunder,      and such agreements and arrangements, if any, shall become invalid on the      date of this Agreement. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.4 | If      any provision of this Agreement is deemed (or becomes) illegal, invalid or      unenforceable in any aspect, the validity and enforceability of the other      provisions hereof shall not be affected or  impaired. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.1 | Headings      of articles are inserted for convenience of reference and shall not affect      the meaning and interpretation of any provision of this      Agreement. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 18.1 | This      Agreement and the Appendices hereto shall constitute the entire agreement      of the Parties with respect to the subject matter  hereof. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.2 | This      Agreement may be executed in any number of counterparts in English and      Chinese languages. In case of any discrepancy, the Chinese version of this      Agreement shall prevail. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                        |         | CEEG (Shanghai)      Solar Science & Technology Co., Ltd.                                                                                                                                                                                                                                             |
|-----------------------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Registration      No.       |         | 310000400516734                                                                                                                                                                                                                                                                                                     |
| Registered      Address:    |         | Building      2, 68 Gangde Road, Xiaokunshan Town, Songjiang District,      Shanghai                                                                                                                                                                                                                                |
| Date      of Establishment  |         | June      4, 2007                                                                                                                                                                                                                                                                                                   |
| Name      of Company        |         | Limited      liability company (with investment from mainland and Taiwan, Hong Kong or      Macao)                                                                                                                                                                                                                  |
| Legal      Representative   |         | Cai      Zhifang                                                                                                                                                                                                                                                                                                    |
| Registered      Capital     |         | USD7,000,000                                                                                                                                                                                                                                                                                                        |
| Paid-in      Capital        |         | USD7,000,000                                                                                                                                                                                                                                                                                                        |
| Scope      of Business      |         | R&D,      design, production and processing of solar cell module, construction and      operation of solar power station, sale of self-produced products, and      provision of after-sale services (the business shall be run after the      issuance of an administrative permit is such permit is    needed) |
| Status      of Shareholding |    | China      Electric Equipment Group Co., Ltd. holds 75% shares and Sundex Holdings      Limited holds 25% shares                                                                                                                                                                                                    |

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| 1. | Organization and      Authorization: The Company is a corporation duly organized, validly      existing and in good standing under the laws of the PRC.  The      Transferors have all requisite power and authority to execute and deliver      this Agreement, to perform their obligations hereunder and to consummate      the Share Transfer contemplated hereby. This Agreement has been duly      authorized, executed and delivered by the Transferors and constitutes the      legal, valid and binding obligations of the Transferors enforceable      against the Transferors in accordance with its  terms. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Authority and      Qualification of the Company: The Company has all necessary power      and authority to own, operate or lease the properties and assets now      owned, operated or leased by it and to carry on the Business as it has      been and is currently conducted. The Company are duly licensed or      qualified to do the Business.  The Business constitutes all of      the business conducted by the Company as of the Price Pay-off      Date.  All corporate actions taken by the Company a have been      duly authorized. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Investment by the      Company: The Company does not hold or control, directly or      indirectly, any shares or interests in any other firms, partnerships,      trusts, association or otherentities. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Capitalization:      The Transferors have contributed their respective shares of the registered      capital of the Company in full, consistent with the requirements of the      PRC Laws and the terms of the articles of association.  The      Company, when established, has been granted the required approvals from      competent regulatory authorities.  A qualified Chinese      accountant has verified the Transferors’ capital      contribution to the Company and has issued a valid capital verification      report, the content of which was and is  accurate. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5. | Corporate Books and      Records: The copies of its articles of association of the Company      which were provided to the Transferee are accurate and complete in all      respects and have attached to the copy of the articles of association      copies of all resolutions and agreements which are required to be so      attached.  The minute books of the Company contain accurate      records of all meetings and accurately reflect all other actions taken by      the shareholders and the board of directors of the  Company. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Financial      Information: The Company does not provide any guarantees for any      third parties. The audited balance sheets of the Company present fairly      the financial condition and results of the Company and do not contain any      material omissions or misleadinginformation. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Litigation:      Except the disclosed matters, there is no existing or potential dispute or      actions which will have a material      adverse effect, pending before any governmental      authority or threatened in writing to be brought by or before any      governmental authority, by or against the Company, the Transferors or      relating to the Business or affecting any of the assets or properties of      the Business.  Neither the      Company or the Transferors, nor any of its assets or properties is      subject to any pending or threatened in writing governmental order that      could affect the legality, validity or enforceability of this Agreement,      or the consummation of the ShareTransfer. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Compliance with      Laws: |
|----|----------------------------|

|   | (a) | The      Company has conducted and will continue to conduct the Business in      accordance with all laws, including the governmental approvals applicable      to the Company, or any of its properties or assets or the Business, and      the Company is not in violation of any such laws or governmental      approvals. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | No      equipment or technology used by the Company is in material breach of the      relevant state policies regarding the development of the Business in the      PRC. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Taxes: (i) all returns and reports in respect of      taxes required to be filed with respect to the Company have been filed in      a timely manner; (ii) all taxes required to be shown on such returns and      reports or otherwise due have been paid in a timely manner; (iii) all such      returns and reports are true, accurate and complete in all material      respects; (iv) no adjustment relating to such returns has been proposed      formally or informally by any tax authority and no basis exists for any      such adjustment; (v) there are no pending or threatened actions or      proceedings for the assessment or collection of taxes against the Company.      The accruals and reserves for Taxes reflected in Financial Statements are      adequate to cover all Taxes required to be accrued through such date      (including interest and penalties, if any, thereon) in accordance with      accounting rules. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 10. | Environmental, Health,      Security and Other Permits andLicenses: |
|-----|---------------------------------------------------------------------|

|  | (a) | Except the      disclosed matters,      prior to the date of this Agreement,      there are no environmental claims pending or threatened in writing      against the Company or the real property, and there are no circumstances      that can reasonably be expected to form any such environmental claim. As      from the date of this Agreement,      there are no environmental      claims which      will result in material adverse      effect pending      or threatened in writing against the Company or the real      property, and there are no circumstances that can      reasonably be expected to form any such environmental      claim which will result in material      adverse effect. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (b) | During      the period from the date hereof to the Price Pay-off Date, the Transferors      will advise the Transferee promptly if it acquires knowledge that: (i) any      event that is reportable by the Company under the environmental laws has      occurred on, under, around or above any of the real property, including      any event that had occurred prior to the date hereof but has not been      reported; (ii) there has occurred any violation by the Company of any      environmental law or there are circumstances existing giving rise to a      liability under environmental law in respect of real property including      any that had occurred prior to the date hereof; (iii) the Company has      received any written communication from any governmental authority or the      affected Party to the effect that real property is not in compliance with      or has a liability under any environmental law, including any written      communication or information of non-compliance that it received prior to      the date hereof; (iv) the Company’s records      relating to compliance with environmental laws are not complete and      correct in all material respects; and (v) the Company has received or been      threatened, in writing, with any litigation or claim under any      environmental law that is material in relation to the Business or that, if      successful, would reasonably be expected to have a material adverse effect      including any that was received prior to the date  hereof. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c) | Except the disclosed matters, with respect to fire protection,      production safety, health of the employees, and the use and storage of the      hazardous materials and the necessary disposal facilities in relation      thereto, all the required licenses, permits and approvals have been      obtained by the Company, and all the examination and acceptance procedures      have been processed by the competent governmental authorities and      successfully consummated without any penalty or damage incurred or any      governmental order issued requiring the correction or amelioration by the      Company. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 11. | Intellectual      Property: |
|-----|-----------------------------|

|  | (a) | The      Company is the exclusive owner of the entire and unencumbered right, title      and interest in and to the intellectual property, and the Company has a      valid right to use the intellectual property in the ordinary course of the      Business as presently conducted or as contemplated to be      conducted.  Except the licenses in, the intellectual property      includes all of the intellectual property used in the ordinary day-to-day      conduct of the Business, and there are no other items of intellectual      property that are material to the ordinary day-to-day conduct of the      Business.  The intellectual property is subsisting, valid and      enforceable, and has not been adjudged invalid or unenforceable in whole      or part.  All application, filing, registration, renewal and      other fees for the intellectual property have been paid.  The      Company has taken all actions necessary to maintain its intellectual      property.  No compulsory licenses, licenses of right or anything      similar have been, or are likely to be, granted with respect to the      intellectual property. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (b) | The      operation of the Business as currently conducted or as contemplated to be      conducted and the use of the intellectual property in connection therewith      do not conflict with, infringe, misappropriate or otherwise violate the      intellectual property or other proprietary rights, including rights of      privacy, publicity and endorsement, of any third party, and no actions or      claims are pending or threatened in writing against the Company alleging      any of the foregoing.  No intellectual property is subject to      any outstanding decree, order, injunction, judgment or ruling restricting      the use of such intellectual property or that would impair the validity or      enforceability of such intellectual property.  No actions or      claims have been asserted or are pending or threatened in writing against      the Company (i) based upon or challenging or seeking to deny or restrict      the use by the Company of any of the intellectual property, (ii) alleging      that any services provided by, processes used by, or products manufactured      or sold by the Company infringe or misappropriate any intellectual      property right of any third party.  To the best knowledge of the      Transferors, no person is engaging in any activity that infringes the      intellectual property.  The consummation of the Share Transfer      will not result in the termination or impairment of any of the      intellectual property. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | (c) | The      Company has taken reasonable steps in accordance with normal industry      practice to maintain the confidentiality of the trade secrets and other      confidential intellectual property used in connection with the      Business.  Except the disclosed matters, (i) there has been no      misappropriation of any trade secrets or other confidential intellectual      property used in connection with the Business by any person; (ii) none of      the operations of the Company involves the unauthorized use of      confidential information disclosed in circumstances which might entitle a      third party to make a claim against the Company; (iii) the Company      has not misappropriated any trade      secrets of any other person; (iv) no      employee, independent contractor or agent of the Company is in default or      breach of any term of any employment contract, nondisclosure contract,      assignment of invention contract or similar contract or contract relating      in any way to the protection, ownership, development, use or transfer of      intellectual property; and (v) except      for agreements entered into in the ordinary course of business, the      Company is not subject to any obligation which restricts the free use or      disclosure of confidential information used by the Company in respect of      the intellectual property and licensesin. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (d) | The      Company owns, or has licensed thereby, all intellectual property which is      necessary, required or desirable to carry on the Business as it is      presently carried on, and in accordance with the current documented plans      of the Company for theBusiness. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Assets: |
|-----|---------|

|   | (a) | Except      the disclosed matters, the Company has not owned, used or otherwise      possessed any assets. |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (b) | Except      the disclosed matters, the Company owns,      leases or has the legal right to use all its      assets, and with respect to contract rights, the Company is a party to and      enjoys the right to the benefits of all contracts, agreements and other      arrangements used or intended to be used by the Company relating to the      conduct of the Business.  The Company has good and marketable      title to, or, in the case of leased or subleased Assets, valid and      subsisting leasehold interests in, all the assets, free and clear of all      Encumbrances. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | (c) | The      Company has caused the assets to be maintained in accordance with good      business practice, and all the assets are in good operating condition and      repair and are suitable for the purposes for which they are used and      intended, including the      Business.  No maintenance or other capital investment      with respect to the assets has beendeferred. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (d) | Following      the consummation of the Share Transfer, the Company will continue to own,      with good, valid and marketable title, or lease, under valid and      subsisting leases, the assets free and clear of any mortgage, pledge, lien      or other encumbrances, and without incurring any penalty or other adverse      consequence. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Employee and Labor      Matters: All directors, senior officers, management employees, and      technical and professional employees of the Company are under obligation      to the Company to maintain in confidence all confidential or proprietary      information acquired by them in the course of their employment. Except the      disclosed matters, there are no controversies which will result in a material      adverse effect,      slowdowns or work stoppages,      pending or threatened in writing against the Company and any of their      respective employees, and the Company has not experienced any controversies which will result in a material      adverse effect,      slowdown or work stoppage since its      establishment. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Social Insurance      Matters: Except the disclosed matters, the Company has complied      with all applicable laws relating to Social Insurance, including without      limitation, pension, medical insurance, work-related injury insurance,      maternity and unemployment insurance.  All contributions      required to be made by the Company with respect to any Social Insurance      payment have been made on or before their due dates.  All such      contributions required to be made by any employees of the Company with      respect to any Social Insurance payment have been fully deducted and paid      to the relevant governmental authorities on or before their due dates, and      no such deductions have been challenged or disallowed by any governmental      authority or any employees of the  Company.  . |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Insurance:      Except the disclosed matters, all assets, properties and risks of the      Company are covered by valid, currently effective insurance policies or      binders of insurance issued in favor of the Company with PICC Property and Casualty Company Limited      and Ping An Property & Casualty      Insurance Company of China, Ltd., in such types and amounts and      covering such risks as are consistent with customary practices and      standards of companies engaged in businesses and operations similar to      those of the Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 16. | Full      Disclosure: |
|-----|-----------------------|

|   | (a) | The      Transferors are not aware of any facts pertaining to the Company or the      Business which could have a material adverse effect and which have not      been disclosed in this Agreement or the financial    statements. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | No      representation or warranty of the Transferors in this Agreement, nor any      statement or certificate furnished or to be furnished to the Transferee      pursuant to this Agreement, or in connection with the Share Transfer,      contains any untrue statement of a material fact, or omits to state a      material fact necessary to make the statements contained herein or therein      not misleading. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----