Document:

Sales Contract

 Exhibit 10.21 
 English Translation 
 PURCHASE CONTRACT 
  

			
		  	Contract No. CG120070054
		  	Execution Place: Jiangning District, Nanjing
		  	Execution Date: February 2, 2007
		
	Seller: CEEG Nanjing International Trade Co., Ltd.	  	Buyer: CEEG (Nanjing) PV-Tech Co., Ltd.
	Add.: 26 North Zhongshan Road, Nanjing	  	Add.: 123 Focheng West Road, Jiangning Economic & Technical Development Zone, Nanjing
	Legal representative: Yin Guangyou	  	Legal representative: Lu Tingxiu
	Proxy:	  	Proxy: Zhu Chen
	Tel: 025-83275373	  	Tel: 025-52766630
	Fax: 025-83275377	  	Fax: 025-52766882

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

													
	 Name
	  	 Specifications
	  	Unit	  	Quantity	  	Unit Price	  	Amount	  	Remark
							
	 IC grade bared
 silicon wafers
	  	8 inch	  	KG	  	7272	  	RMB 1650	  	RMB 11998800	  	incl. tax
	
	Total Amount: RMB Eleven Million Nine Hundred and Ninety Eight Thousand Eight Hundred Only (RMB 11998800.00)

 2. Quality Standards 
 Thickness>650 μm, Resistivity> 1 ohm.cm, Size: 8 inch wafer, Surface bared, no metallic-membrane plating, no cracks 
 3. Term and
Time of Payment 
 3.1 The Seller shall appoint the inspector to check the goods within 5 days after effectiveness of this Contract and pick up the goods
with bill of exchange. 
  

	32.	The Seller shall provide to the Buyer 17% a full amount VAT invoice within 5 days after delivery. 

 4. Packing and Transit 
 4.1 The packaging shall meet the requirement of IC grade bared silicon wafers transportation.
Any damage attributable to improper packing shall be borne by the Seller. 
 4.2 The Buyer shall be responsible for collecting goods and the freight. All
risks before delivery shall be covered by the Seller. 
 5. Term of Delivery and Destination 
 5.1 Term of Delivery: The Seller shall fulfill the obligations of delivery on the day after receipt of bill of exchange. 
 5.2 Destination: Both parties agree that the place of delivery shall be Nanjing (the Seller’s warehouse) 
 5.3 Should the type, specification, quantity, quality of the goods fail to comply with the stipulations as agreed hereunder, the Buyer is entitled to require the Seller
to refund the payment, replace the products or make a discount based on the specific situations. 

 6. Inspection and Claims of Quality 
 The Buyer shall inspect the goods according to the standards as specified herein and may claim any quality issues within one month of arrival of the goods at the Buyer’s warehouse. The Seller shall reply within 7
days of receipt of notice issued by Buyer, otherwise shall be deemed to consent to the claims of the Buyer. 
 7. Reasonable Consumption Standard and
Calculation 
 The quantity of the goods measured at Seller’s location shall prevail. 
 8. Transit and Insurance 
 The Buyer shall be responsible for transportation, the freight and insurance 
 9. Liabilities of Breach 
 9.1 During the inspection period, if the
type, specifications and quality of the products delivered by the Seller do not comply with the stipulations of the Contract, the Seller shall replace such goods based on the specific situations within 7 days and bear the relevant costs. Should the
Seller fail to replace such goods, it shall be deemed as failure of delivery. 
 9.2 If the Seller delays in delivery, the Seller shall pay to the Buyer a
default penalty of 0.05% of the total value of the delayed goods per day. 
 9.3 Should Party A fail to deliver the goods within 7 days after notice issued
by the Buyer, it shall be deemed as failure of delivery. The Buyer is entitled to notify the Seller of the rescission of the Contract and the rescission shall be effective immediately upon the receipt of such notification by the Seller. The Seller
shall return all amount already paid within 3 days and assume the corresponding losses of the Buyer. Both parties agree that the default penalty is 20% of the total amount of this Contract 
 10. Transfer of Contract 
 Neither party may, without written consent
of the other party, transfer all or part of rights or obligations to the third party. 
 11. Confidentiality 
 The parties hereto and their employees, agents, representatives and counsel shall treat the terms and conditions under this Contract and any its supplementary agreements
as business secrets and shall not disclose the information to any third party unless upon consent of the other party. Otherwise, the defaulting party shall compensate as much as twice of the direct or indirect losses of the other party. 

12. Force Majeure 
 If any party is unable to perform its
contractual liabilities due to any force majeure event, the affected party shall notify the other party within 7 days upon the occurrence of such event, and shall present written evidence issued by the relevant authority within 15 days upon the end
of such events and could partially or wholly exempt from the liability in the light of the impact caused by 
 force majeure. Where an event of force majeure
occurs after the party’s delay in performance, the defaulting party shall not be released from its liabilities. 

 13. Integrity Assurance 
 13.1 It shall be viewed as damage to other party’s interest if either party and its staff directly or indirectly give, in the name of the company or an individual, a gift of money, valuables, securities or provide an improper interest
in otherwise forms to any employee of the receiving party, or either of the Buyer and Seller as well as its staff does, whether in the name of the company or an individual, any transaction similar to that contemplated hereunder with any employee of
the other party or any third party introduced by any employee of the other party. The breaching party shall compensate as much as twice of the direct or indirect losses incurred by the other party by such reason, as well as the liquidated damages
amounting to 20% of the total amount of this Contract per breach (up to RMB 1,000,000). 
 13.2 Any one may reach the Buyer’s counsel, Mr. Xu
Changming at 13851647666, or lawyerxucm@hotmail.com for such issue. 
 14. Prohibition of Commercial Fraud 
 If either of the Buyer and Seller breaches the principle of honesty by providing false registration materials, false certificates of qualification or false information,
or by hiding the truth from and to deceiving the other party or end-users, it shall be liable for the liquidated damages of 20% of the total contract amount (up to RMB 1,000,000). This Article shall not preclude the liabilities of breach undertaken
by either party according to other provisions hereunder 
 15. Settlement of Disputes 
 All disputes arising from the validity, performance and interpretation of this Contract shall be settled through consultation by both parties. In case no settlement can be reached through consultation, both parties
agree that the dispute shall be submitted to the People’s court of jurisdiction where the Buyer is located. The relevant expenses (including legal cost, travel expenses, notary fees, cost of adducing evidence, arbitration fees and so on) shall
be borne by the losing party. 
 16. Effectiveness and Miscellaneous 
 16.1 This Contract shall come into effect upon signature and seal of the parties. If the Contract has more than one page, then each page should be sealed on the perforation. 
 16.2 This Contract shall be executed in four counterparts, with each of the parties hereto holding two. The copy delivered through telefax shall be as valid as the
original. 
 16.3 Both parties shall send the original copy to the other with 3 working days after execution. 
  

									
	 Party A:
	 		 	Party B:
	 CEEG Nanjing International Trade Co., Ltd.
	 		 	Company Name: CEEG (Nanjing) PV-Tech
	 Company Name: (Seal)
	 		 	Co., Ltd. (Seal)
					
	 Entrust Agent:
	 	 /s/
	 		 	Entrust Agent:	 	 /s/

	 Execution Date:
	 		 		 	Execution Date:Long-term Sales Contract

 Exhibit 10.22 
 English Translation 
 LONG-TERM SALES CONTRACT 
  

			
		  	Contract No. XS120070006
		  	Execution Place: Jiangning District, Nanjing
		  	Execution Date:
                                
		
	 Seller: CEEG (Nanjing) PV-Tech Co., Ltd.
	  	 Buyer: CEEG Nanjing International Trade Co.,
 Ltd.

	 Add.: 123 Focheng West Road, Jiangning
 Economic & Technical Development Zone,
 Nanjing
	  	 Add.: 3F, Xinchen International Mansion, 26
 Zhongshan
Road, Nanjing

	 Postcode: 211100
	  	Postcode:
	 Legal representative: Lu Tingxiu
	  	Legal representative:
	 Proxy: Chen Haiyan
	  	Proxy: Lu Tinghua
	 Tel: 025-52766620
	  	Tel: 83275391
	 Fax: 025-52766882
	  	Fax: 83275373

 The Buyer and the Seller agree to conduct transactions according to the terms and conditions stipulated below:

 1. Goods Description 
  

									
	 Name and
 Specifications
	  	Term of Delivery	  	 Quantity
 (Piece)
	  	 Unit Price
 RMB/W
	  	 Total Amount
 (RMB)

	 Mono-crystalline and multi-crystalline silicon cell 125*125 or 156*156.
 For details on the parameter please refer to the Appendix 1 which is an important part of this Contract.
	  	From January, 2007 to
December, 2007	  	3,600,000	  	RMB 27.6	  	228,809,685.6
	Total	  	Two hundred and twenty-eight million eight hundred and nine
thousand six hundred and eighty-five point six
	Remark: 17% VAT included	  		  		  		  	

 Remark: 1. The price from January to February 2007 shall be fixed. From March 2007, both parties will review the
price in case that the difference between the market price during delivery and contract price exceeds ± 5%. 
                2. Duration of the Contract: from January, 2007 to December, 2007 
 2. Payment Schedule and Conditions 
 The Buyer shall remit the 100% payment of January to the bank account as
designated by the Seller within one week after the effectiveness of the Contract. 
 2.1 The payment
for each installment shall be made within 3 days after receipt of delivery notice stipulating the specific quantity. Payment shall be made according to clear notice. The notice of shipment for each installment shall be issued before 11th or the following working day of every month. 
 2.2 The Seller shall deliver the goods within 10 days after receipt of the payment. 

 2.3 Bank account designated by the Seller: (The Seller does not accept other settlement meanings) 
 Merchant Bank, Jiangning Sub-Branch: 078002380175610001 
 3. Packing
Requirement 
 The goods shall be packed in carton, and the packaging shall meet the requirement of long distance road transportation. And the Seller
shall bear the cost of packing. 
 4. Place and Term of Delivery 
 4.1 Place of Delivery: the Seller’s warehouse. 
 4.2 Should the Buyer ask the Seller to make delivery on its behalf, the Buyer shall
remit the freight and premium of insurance to the bank account designated by the Seller. The risk of transportation shall be covered by the Buyer. 
 4.3
Delivery Schedule: 
 From March, 2007 to December, 2008 
  

			
	 Term
	  	 Quantity (ten thousand pieces/month)

	 January 2007
	  	30
	 February 2007
	  	30
	 March 2007
	  	30
	 April 2007
	  	30
	 May 2007
	  	30
	 June 2007
	  	30
	 July 2007
	  	30
	 August 2007
	  	30
	 September 2007
	  	30
	 October 2007
	  	30
	 November 2007
	  	30
	 December 2007
	  	30

 Remark: The silicon cell shall be delivered by month within 10 days after receipt of the payment. The first
installment shall be delivered in January 2007 within 10 days after receipt of the payment for that month, and the last installment shall be delivered in December within 10 days after receipt of the payment for that month. 
 4.4 The Seller shall provide to the Buyer 17% VAT invoice within 15 days after receipt of each installment of payment. 
 5. Quality Requirement and Technology Standard: refer to the Appendix 1. 
 6. Damage 
 6.1 Transport Breakage 
 0.5%
breakage of cells delivered each month is allowed. 
 The Seller shall replace any further broken cells due to packing by the Seller, and shall take correct
transport and handling measures to the redelivered cells in accordance with the stipulations of this Contract. The Seller shall bear the consequential costs, if necessary. 
 If the breakage is caused by carrier’s improper handling or any factor that the Seller cannot control, this Section should not apply. 
  

 2 

 6.2 Breakage during Packaging Process 
 Subject to the normal industrial operation standard, the following breakage ratio during the packaging process of the solar cells is allowed: 
 -Breakage rate of 2% is allowed, in case that the thickness of the solar cell £220μm . 
 The Seller shall replace any further broken solar cells, and shall take correct transport and handling measures to the redelivered cells in accordance with the
stipulations of this Contract. The Seller shall bear the consequential costs, if necessary. 
 7. Inspections and Claims 
 The Buyer shall inspect the goods within 7 days after delivery in accordance with the criteria specified herein. Any quality claims shall be issued by Buyer in writing in
3 days upon detection, and shall be inspected by a third party agreed upon by both parties. If the Buyer fails to raise a claim within 10 days after delivery, the Seller’s products shall be deemed as qualified. 
 8. Force Majeure 
 If any party is unable to perform its contractual
liabilities due to any force majeure event, the affected party shall notify the other party within 7 days upon the occurrence of such event, and shall present written evidence issued by the relevant authority within 15 days upon the end of such
events and could partially or wholly exempt from the liability in the light of the impact caused by force majeure. Where an event of force majeure occurs after the party’s delay in performance, the defaulting party shall not be released from
its liabilities. 
 9. Termination of Contract 
 9.1 Upon
effectiveness of this Contract, neither party may cancel the Contract without the other party’s consent, otherwise the terminating party shall be liable for all losses incurred by the other party due to such breach. 
 9.2 This Contract may be terminated only on the following conditions: 
 9.2.1
The Sell fails to perform its supply obligations under this Contract, and fails to fix its non-performance or breach of this Contract within 30 days upon the Buyer’s requirement. 
 9.2.2 The Buyer fails to discharge its payment obligations hereunder and fails to fix such non-performance or breach of this Contract within 30 days upon the Seller’s requirement. 
 9.2.3 The other party becomes bankrupt or applies for bankruptcy, or conducts reorganization or applies for reorganization, or is closing business for rectification.

 9.3 In case of termination for due cause, the Seller shall refund the down payment of undelivered goods within 15 days after receipt notice of termination
for due cause issued by the Buyer. 
 10. Confidentiality 
 The Parties hereto and their employees, agents, representatives and counsel shall treat the terms and conditions under this Contract and any its supplementary agreements as business secrets and shall not disclose the information to any
third party unless upon consent of the other party. Otherwise, the defaulting party shall compensate as much as twice of the direct or indirect losses of the other party. 
  

 3 

 11. Integrity Assurance 
 11.1 It shall be viewed as damage to other party’s interest if either party and its staff directly or indirectly give, in the name of the company or an individual, a gift of money, valuables, securities or provide an improper interest
in otherwise forms to any employee of the receiving party, or either of the Buyer and Seller as well as its staff does, whether in the name of the company or an individual, any transaction similar to that contemplated hereunder with any employee of
the other party or any third party introduced by any employee of the other party. The breaching party shall compensate as much as twice of the direct or indirect losses incurred by the other party by such reason, as well as the liquidated damages
amounting to 20% of the total amount of this Contract per breach (up to RMB 1,000,000). 
 11.2 Any one may reach the Buyer’s counsel, Mr. Xu
Changming at 13851647666, or lawyerxucm@hotmail.com for such issue. 
 12. Settlement of Disputes 
 All disputes arising from the validity, performance and interpretation of this Contract shall be settled through consultation by both parties. In case no settlement can
be reached through consultation, the parties agree that the dispute shall be submitted to the People’s Court of jurisdiction in the place of Seller. The relevant expenses (including legal cost, travel expenses, notary fees, cost of adducing
evidence, arbitration fees and so on) shall be borne by the losing party. 
 13. Miscellaneous 
 13.1 This Contract shall come into effect upon signatures and seals by both parties. If the Contract has more than one page, then each page should be sealed on the
perforation. 
 13.2 This Contract shall be executed in four counterparts with same legal effect, with each of the parties hereto holding two; each party
shall send the original copy to the other party within 3 working days upon execution. The copy delivered through telefax shall be as valid as the original. 
 13.3 Any matters not covered in this Contract shall be mutually negotiated by both parties and be set forth in the supplementary agreements, which have the same legal effect as this Contract. 
  

			
	 The Seller: CEEG (Nanjing) PV-Tech Co., Ltd.
	 	The Buyer: CEEG Nanjing International Trade Co., Ltd.
	 Company Name: (Seal)
	 	Company Name: (Seal)
	 Execution Date:
	 	Execution Date:

  

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