Document:

Collateral Escrow Agreement

 Exhibit 10.29 
 English Translation 
 Collateral Escrow Agreement 
 No.: 20070103 
 Party A: Huaqiao Road Branch, Nanjing
Commercial Bank (“Pledgee”) 
 Party B: CEEG (Nanjing) PV-Tech Co., Ltd. (“Pledgor”) 
 Party C: Jiangsu Yuanli Ruide Assets Escrow Co., Ltd. (“Supervisor”) 
 In accordance with the stipulations of relevant Chinese laws, Party A, Party B and Party C, abiding by the principle of equality, legitimacy and fairness and through negotiations, hereby enter into this Agreement with respect to Party C
acting as the supervisor of Party B’s pledge. 
 I. In order to ensure the performance of the “RMB Loan Contract”
(No.                ) signed by Party A and CEEG (Nanjing) PV-Tech Co., Ltd. (“Borrower”) on February 5, 2007 as well as the discharge of the
indebtedness owed to Party A (amount of loan is RMB 60 million), Party B pledges its qualified proprietary inventories (subject to “List of Collaterals”) to Party A. Party A and Party B hereby entrust Party C as the supervisor of Party
B’s pledge to supervise the collaterals (set forth in the “List of Collaterals”) provided by Party B within the pledge period. 
 II. Escrow
Content 
 1. Party B agrees to pledge its qualified proprietary inventories to Party A so as to ensure that the Borrower pays and performs all monies that
are already due or will be due from time to time, including loan principal, interest, commission, penalty, liquidated damages, custody expenses of Collaterals, expenses of exercising pledge right and other expenses. 
 2. Party A and Party B hereby agree to designate Party C to manage and control the inbound and outbound operations of Party B’s qualified inventories at the
corresponding warehouse in the interest and name of Party A. 
 3. At Party A’s request, Party C shall assist Party A in disposing of Collaterals in
accordance with law. 
 III. Collaterals and Place of Storage 
 1. The Collaterals provided by Party B shall be the proprietary properties that are outside the property scope as specified in Article 37 of the Security Law and can be pledged. 
 2. Party B shall be the owner of all qualified inventories delivered to Party C for escrow and when delivered, the inventories are free of any other pledge, encumbrance, security interest or ownership of any other
nature having priority over the pledge right of Party A. Party B hereby agrees to indemnify Party A against all claims, losses and damages arising from Party B’s violations thereof. 

 3. Party B’s qualified inventories shall be stored in the warehouse located at 123 Focheng West Road, Jiangning
Economic & Technological Development Zone, Nanjing. At any time, Party C has the full and absolute control over the pledged inventories in the above warehouse, but this does not hinder Party A from exercising the right to inspect pledged
inventories from time to time. 
 IV. Fee and Settlement 
 1. The
escrow fee for Party C shall be borne by Party B. Escrow fee is calculated according to actual escrow time at an annual rate of 0.72% of loan amount. In case actual escrow time is less than one month, one month’s fee is charged. Asset
evaluation fee, notarization fee and insurance premium are settled by Party B according to actual amounts (the first beneficiary of property insurance is Huaqiao Road Branch, Nanjing Commercial Bank, to the extent of all claims). 
 2. Escrow fee is calculated as from the date of Party C’s formal escrow. Party B shall pay up all the fee within seven (7) workdays after Party C takes over
the goods. 
 3. Where Party B fails to pay the above fee within the specified time limit, Party C shall inform Party A of such non-performance within 30
days after the due date. Party A shall assist Party C in dunning for the above fee from Party B. 
 4. The rental of the warehouse and premises rented by
Party C shall be borne by Party C. 
 V. Party A’s Rights and Obligations 
 1. Party A authorizes Party C to supervise the Collaterals in the interest and name of Party A. 
 2. Party A has the right
of pledge over Collaterals. Without Party A’s written consent, Party B, Party C or others shall not transfer, lease, re-pledge, misappropriate or otherwise dispose of Collaterals. 
 3. Where Party B fails to pay the due loan principal and interest to Party A or infringes upon Party A’s rights and interests by violating this Agreement, Party A is entitled to dispose of Collaterals in
accordance with law. 
 4. Party A is entitled to keep itself informed of the inventories of Collaterals and other relevant information from time to time.

 5. Within escrow period, where losses are caused to Party A due to the loss, mis-delivery and shortage of Collaterals (including quality deterioration
resulting from Party C’s faults, etc), Party C shall make full compensation. Within escrow period, where Party C is of the opinion that Collaterals cannot be supervised in accordance with law or it cannot exert adequate control over Collaterals
due to Party B’s breach, it can request Party B in writing to cease the default and timely notify Party A to take corresponding measures so as to prevent the losses of escrowed properties. Before Party C receives the written notice in
connection therewith from Party A, Party C shall not permit Collaterals to be sent out of warehouse. In the event that Party C fails to take the foregoing measure, which has resulted in losses, mis-delivery or shortage of Collaterals (including
quality deterioration, etc) and further causing losses to Party A, Party C shall make full compensation to Party A. 

 6. Party A shall provide the materials and certificates necessary to handle notarization, insurance and asset evaluation
procedures. 
 7. Where Party B fails to pay escrow fee to Party C according to this Agreement, Party A shall urge and supervise Party B to make payment on
time. 
 VI. Party B’s Rights and Obligations 
 1. Party B
hereby acknowledges Party C’s role and responsibility and undertakes to provide Party C with the assistance reasonably necessary for Party C to perform the role and responsibilities as specified in this Agreement. 
 2. Party B shall pay to Party C all service fees and expenses according to the provisions of this Agreement. 
 3. Party B shall provide valid ownership certificate of Collaterals to Party A and Party C. 
 4. Party B shall provide the quality inspection report of Collaterals to Party A and Party C and guarantee that the quality indicated in quality inspection report is consistent with the inherent quality of
Collaterals. If the actual quality of Collaterals does not conform to the quality inspection report provided by Party B, Party B shall bear the corresponding compensation responsibility and all losses thus incurred to Party A and Party C.

 5. Where Collaterals are defective or special custody measures need to be taken, Party B shall expressly notify Party A and Party C. If Party B fails to
do so and Collaterals suffer from losses, Party B shall bear the corresponding compensation responsibility. 
 6. Party B shall provide the materials and
certificates necessary to handle notarization, insurance and asset evaluation procedures. 
 VII. Party C’s Rights and Obligations 
 1. Party C shall count and check the name, specifications, quantity and quality of Collaterals, prepare the “List of Collaterals”, set up the corresponding
account and undertake the escrow responsibility for Collaterals. 
 2. Party C shall assign full-time escrow personnel to closely supervise Collaterals and
deliver the name list of personnel and their changes to Party A and Party B for the record. 
 3.
Party C shall regularly count and check Collaterals, provide the written reports to Party A on the 11th,
20th and 30th dates of each month and be responsible for their truthfulness. In case Party C finds nonconformity or Party B’s default, it shall immediately inform Party A. Party A is obliged to order Party B
to take relevant measures. 

 4. Party C shall deal with the adjustment of pledged goods according to Party A’s written instructions, strictly
control the outbound operation of pledged goods in accordance with law and make relevant records. Where Collaterals are disposed of without Party A’s consent due to Party C’s improper escrow, Party C shall be liable for compensation to
Party A. 
 5. Party C shall timely handle notarization, insurance and asset evaluation procedures according to the entrustment of Party A and Party B.

 6. Party C shall not be held responsible to Party B for the actions taken or not taken as per Party A’s instructions. 
 7. The quality inspection report issued by Party B shall be inspected by the qualified inspection department, which issues the report. Party A verifies and confirms the
truthfulness of this report. 
 8. Party C shall be responsible for the safety of Collaterals. Where Collaterals are lost due to fire, theft or other
reasons, Party C shall be liable for compensation to Party A. 
 VIII. Management of Collaterals 
 1. Party B shall store Collaterals in the designated escrow warehouse. Party A, Party B and Party C shall verify the name, specifications, quantity and quality of
Collaterals and jointly prepare the “List of Collaterals”, which is signed and sealed by Party A, Party B and Party C and annexed to the “RMB Loan Contract” and “Movable Property Pledge Contract”. 
 2. In order to facilitate Party B’s normal operating activities, where Party B needs to adjust Collaterals on the principle of “in-first-out-next and
equal-value-exchange”, the written confirmation of Party A must be obtained. 
 3. When Collaterals are adjusted, Party B shall deliver the relevant
inbound and outbound documents to Party C for examination and record. Party C shall handle the inbound and outbound procedures of Collaterals according Paragraph 2 hereof and submit the Collateral Inventory Report to Party A twice every month.

 4. Where Party B indeed needs to transfer Collaterals on a paid-up basis, it shall inform Party A and Party C in advance and obtain Party A’s
consent. Party B shall inform the transferee of the pledging fact of Collaterals and request the transferee to directly pay all purchase prices (including earnest money, advance payment, etc) to Party A’s account for premature repayment of
Party B’s debts. As for the portion of Collaterals whose prices are not paid to Party A, Party B shall provide additional Collaterals acceptable to Party A when transferred properties are sent out of warehouse; handle storage and warehousing
procedures and sign relevant contract or agreement according to the provisions of this Agreement. Where Party A withholds its consent with respect to Party B’s transfer of Collaterals on a paid-up basis, the parties may approach the replacement
and adjustment of Collaterals according to Paragraphs 2 and 3 hereof. 

 IX. Term and Termination 
 1.
This Agreement is valid for one year after its signing date. This Agreement is terminated prematurely if loan is paid up prematurely. 
 2. Should any party
intends to terminate this Agreement prematurely, it shall give a 30 days prior written notice to the other two parties and Party A, Party B and Party C shall reach a written agreement. Within this period, Party C shall continue to preserve Party
B’s qualified inventories until Party A notifies it to deliver them to the recipient. Within such custody period, the terms of this Agreement shall be still bound to all parties. Where Party A, Party B and Party C fail to reach a written
agreement for termination, this Agreement shall remain valid. 
 X. Liability of Breach 
 Party A, Party B and Party C shall fully comply with the provisions of this Agreement. If any of them is in breach of this Agreement, it shall pay liquidated damages to the non-breaching party, in an amount to the
losses incurred by the non-breaching party, including the foreseeable interests by performing this Agreement and relevant expenses paid by the non-breaching party for exercising its right to the liquidated damages (including litigation expenses,
lawyer’s fee, etc). 
 XI. Applicable Law and Settlement of Disputes 
 1. This Agreement shall be governed by the laws of the People’s Republic of China. 
 2. Any dispute shall be settled by
three parties through negotiations. In case no settlement can be reached, any party may bring a lawsuit with the people’s court in the place where Party A is domiciled. 
 XII. This Agreement is executed in six copies and becomes legally effective after it is signed and sealed by Party A, Party B and Party C, with each party holding one. The remaining three copies shall be kept for the
standby purpose. All six copies shall be equally authentic. 
 Annexes: 
  

	1.	List of Collaterals 

  

	2.	Power of Attorney of Escrow 

  

	3.	Letter of Reserved Specimen Signatures and Seals of Designated Persons 

 Party A (seal): Huaqiao Road Branch, Nanjing Commercial Bank(seal) 
 Legal representative or authorized representative: /s/ Ren Pei

 Date: February 5, 2007 

 Party B (seal): CEEG (Nanjing) PV-Tech Co., Ltd. (seal) 
 Legal representative or authorized representative: /s/Lu Tingxiu 
 Date: February 5, 2007 
 Party C: Jiangsu Yuanli Ruide Assets Escrow Co., Ltd.(seal) 
 Legal
representative or authorized representative: 
 Date: February 5, 2007 

 Annex 1: 
 List of Collaterals 
  

																	
	No.	  	 Name of Collaterals
	  	 Specs
	  	 Grade
	  	 Quality warranty
period
	  	Unit
price	  	 Qty.
	  	 Total value
	  	 Place of storage

		  	Monocrystalline silicon and polycrystalline silicon chips	  		  		  		  		  		  	RMB 120 million	  	123 Focheng West Road, Jiangning
		  		  		  		  		  		  		  	RMB 120 million	  	

 Party A (seal): Huaqiao Road Branch, Nanjing Commercial Bank 
 Party B (seal): CEEG (Nanjing) PV-tech Co., Ltd. 
 Party C (seal): Jiangsu
Yuanli Ruide Assets Escrow Co., Ltd. 
 Note: this List of Collaterals is only used for loan examination and approval. Specified Collaterals are subject to
the “List of Collaterals” (handover) prepared by the three parties. 
 Date: February 5, 2007 

 Annex 2 
 Power of Attorney of Escrow 
 Nanjing Commercial Bank: 
 In order to perform No.             Escrow Agreement of Collaterals, our company hereby assigns the following person: 
 Li Xia (ID Card No.: 3210121197912120026 
 as the supervisor of the
Collaterals of CEEG (Nanjing) PV-Tech Co., Ltd. (“Pledgor”) to be in charge of the escrow of pledgor’s Collaterals. 
 Authority is as
follows: 
  

	1.	Represent our company to fully perform No.20070103 Collateral Escrow Agreement. 

  

	2.	Represent our company to exercise the escrow right over Collaterals. 

  

	3.	When pledged loan is withdrawn and Collaterals are replaced within the loan period, represent our company to count Collaterals together with Pledgee and Pledgor and sign to confirm
the quantity, specifications, value, etc. of Collaterals. 

  

	4.	When Party A agrees in writing to replace Collaterals, represent our company to pick up the goods samples together with Party B, send samples to quality inspection institution, and
verify and confirm by signature the truthfulness of quality inspection report. 

 This Power of Attorney of Escrow is valid until all
Collaterals are released. In case of any change, our company will inform your bank in written form. 
 Jiangsu Yuanli Ruide Assets Escrow Co.,
Ltd. (seal) 
 February 5, 2007 

 Annex 3 
 Letter of Reserved Specimen Signatures and Seals of 
 Designated Persons 
 Party A: Huaqiao Road Branch, Nanjing Commercial Bank (seal) 
  

	1.	Name: Ren Pei ID Card No.: 320113720424241 Reserved specimen signature: /s/ Ren Pei 

  

	2.	Name: Zhang Zhao ID Card No.: 341102197901211024 Reserved specimen signature:/s/ Zhang Zhao 

 Reserved specimen seal: Lu Tingxiu(seal) 
 Party B: CEEG (Nanjing) PV-tech Co., Ltd. (seal) 
  

													
	1.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

	2.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

	3.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

	4.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

 Reserved specimen seal: Lu Tingxiu 
 Party C: Jiangsu Yuanli Ruide Assets Escrow Co., Ltd. (seal) 
  

													
	1.	  	Name:	 	 Li Xia
	  	ID Card No.:	 	 3210121197912120026
	  	Reserved specimen signature:	 	 /s/Li Xia

	2.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

	3.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

	4.	  	Name:	 	  
	  	ID Card No.:	 	  
	  	Reserved specimen signature:	 	  

 Reserved specimen seal: Jiangsu Yuanli Ruide Assets Escrow Co., Ltd. (seal) 
 Note: This Letter is in triplicate, with each of Party A, Party B and Party C holding one (1) copy.Loan Contract

 Exhibit 10.30 
 English translation 
 No. 1061188 
 Loan Contract 
 Bank of Communications Nanjing Branch 
 Version 2006 

 No. 
 Loan Contract 
 Important Notice 
 The Borrower is advised to read carefully the entire text of this contract, especially those provisions marked with

. Please do not hesitate to contact the Lender for explanation to any question that arises. 
 Borrower: CEEG Nanjing
PV-Tech Co., Ltd 
 Legal Representative (Responsible Person): Lu Tingxiu 
 Legal Address: Jiangning 
 Correspondence Address: Jiangning 
 Lender: Bank of Communications Nanjing Branch 
 Responsible Person: Kang Dingxuan 
 Communication Address: 124 Zhongshan North Road, Nanjing 
 Whereas, the Borrower has applies to the Lender
for loan, after negotiation, this Contract is entered into between the Borrower and the Lender, to clarify their respective rights and obligations. 
 Article 1 Loan 
 1.1 Currency: RMB 
 1.2 Amount
(in words): Sixty million . 
 1.3 The loan under this Contract is used only as: working capital. 
 1.4 Term of Loan: From November 30, 2006 to November 29, 2007. 
 Article 2 Interest Rate and the Calculation and Payment of Interest 
 2.1 þ RMB Fixed Interest Rate: 6.12% (üYear Month). 
  ̈ RMB Floating Interest Rate: The interest rate shall be         /         upward
        /         downward the base interest rate              (term) after the
effectiveness of this Contract. In case of an adjustment of the base interest rate made by the People’s Bank, the Lender has the right to adjust the interest rate hereunder, commencing from the date of such adjustment. The extend of upward/
downward shall be unchanged. Should the base interest rate be floating interest rate or be cancelled after such adjustment , both parties shall decide the interest rate after negotiations, however, the interest rate after adjustment shall not be
lower than the interest rate then; Should such agreement be not reached one month after such adjustment, the Lender has the right to declare that loan hereunder shall be mature in advance. 

  ̈ (foreign currency) interest rate         /        ; 
 2.2 Daily interest rate=monthly interest rate/30, monthly interest rate=annual interest rate/12. 
 2.3 Calculation of Interest 
 2.3.1 Normal Interest = Interest Rate under This Contract * Loan Advanced * Number of Possession Days. The number of possession days shall be calculated commencing on
the granting date and ending on the maturity date. 
 2.3.2 Penalty interest for overdue loan and appropriated loan shall be calculated on the basis of the
amount of overdue or impropriated loan and actual number of days. The penalty interest rate for the overdue loan shall be 50% upward of the interest rate as specified in this Contract, and that for the appropriated loan shall be 100% upward of the
interest rate as specified in this Contract, in case of a RMB loan; In case of an adjustment of the base interest rate made by the People’s Bank, the Lender, commencing from the date of adjustment, has the right to adjust the penalty interest
rate hereunder; and 20% upward of the interest rate as specified in this Contract in case of a foreign currency loan. 
 2.4 The interest for the loan
hereunder shall be paid according to the second of the following methods. The interest shall be completely paid with the principle on the maturity date. Interest settlement day shall be the interest payment day: 
  

	 (1)
	 Interest shall be settled on 20th day of the last month of each quarter; 

  

	 (2)
	 Interest shall be settled on 20th day of each month. 

 2.5 Others 
     /     
 Article 3 Granting and Repayment of Loan 
 3.1 To draw the loan, the Borrower shall handle the relevant formalities at least three bank working days
in advance. In addition, the drawdown shall be conducted in accordance with the following plan. 
 Date of
Granting                                       
                 Amount Issued 
          (mm)/          (dd)/          (yy);
                    /                  
   (in words) 
          (mm)/
         (dd)/          (yy);
                    /                  
   (in words) 
          (mm)/
         (dd)/          (yy);
                    /                  
   (in words) 

 

3.2 The Lender shall have the right to withhold a loan before all of the following conditions are satisfied: 
 

 

	(1)	The Borrower has properly handled the relevant government permit, approval, registration and other formalities as required by the Lender, and the said permit, approval, registration
and other formalities shall be continuously valid; 

  

	(2)	The security contract hereunder (if any) has taken into effect and will be continuously effective; 

  

	(3)	There is no material adverse change in the operation and financial condition of the Borrower; 

  

	(4)	The Borrower has not violated any provision of this Contract. 

 3.3 The
actual date of granting and the amount of loan granted shall be governed by the date and the amount as stated in the indebtedness certificate. 
 3.4 The
Borrower shall repay as scheduled the loan amount according to the maturity date as specified in Article 1.4 and the following plan. Should the maturity date registered in the loan certificate be different from that as agreed on in this Contract,
the former shall prevail: 
 Maturity
Date                                        
        Repayment 
 Amount 
          (mm)/          (dd)/
         (yy);
                    /                  
   (in words) 
          (mm)/
         (dd)/          (yy);
                    /                  
   (in words) 
          (mm)/
         (dd)/          (yy);
                    /                  
   (in words) 
          (mm)/
         (dd)/          (yy);
                    /                  
   (in words) 
 

3.5 The Borrower shall not early repay the loan without the written consent of the Lender. 
 

Article 4 Representations and Warranties of the Borrower 
 4.1 The Borrower is an independent civil entity
legally incorporated and existing with full capacity to enforce all the essential rights, perform in his own name all his obligations under this Contract, and undertake all his civil responsibilities. 

 4.2 Execution and performance of this Contract is out of the authentic intention of the Borrower with all
necessary consent, approval and authorization and without any defect in law. 
 4.3 All the documents, statements, materials and information
provided by the Borrower to the Lender during the execution and performance of this Contract are true, accurate, complete and valid, and the Borrower does not reveal any information which may affect its financial condition and ability of repayment
from the Lender. 
 Article 5 Rights and Obligations of the Lender 
 5.1 The Lender shall have the right to recover the principal and interest (including compound interest, overdue interest and appropriated interest) of the loan, collect from the Borrower the expense(s) payable, and
exercise other rights as regulated by the relevant laws or specified in this Contract. 
 5.2 The Lender shall keep confidential the
financial and operational materials and information provided by the Borrower, unless otherwise regulated by laws or specified in this Contract. 
 Article 6
Obligations of the Borrower 
 6.1 The Borrower shall repay the loan principal and the related interest under this Contract in accordance with
the schedule, amount, and currency specified in this Contract. 
 6.2 The Borrower shall not appropriate the loan hereunder. 
 

 6.3 The Borrower shall undertake the expenses hereunder, including but not limited to notarization fee, authentication fee, appraisal fee and registration fee. 
 

 6.4 The Borrower shall comply with the relevant business system and operational practice as adopted by the Lender relating to loan operation, including but not limited to cooperating with the Lender in the
supervision and inspection over the use of loan and the business operation of the Borrower; provide promptly all the financial statements and other data and information as requested by the Lender; and ensure that the documents, materials and
information provided are authentic, complete and accurate. 
 

 6.5 The Borrower shall give the Lender at least a thirty-day written notice if any of the following occurs, and shall not take action before full repayment of the loan principal and interest due under this Contract,
or provision of a repayment plan and security acceptable to the Lender: 
  

	(1)	Sales, donation, lease, lending, transfer, mortgage, pledge or otherwise disposal of its material asset, or all of or most of the asset; 

	(2)	Material change or possible material change in operation system or the constituency of property right, including but not limited to contracting, leasing, joint operation,
incorporation reform, stockholding system restructuring, sale of enterprise, consolidation (merger), equity/contractual joint venture, division, establishing subsidiaries, property right transfer, capital reduction. 

 

 6.6 The Borrower shall notify the Lender in writing within seven days upon the incurrence or the threatened incurrence of the following events: 
  

	(1)	Modification of articles of association, change of corporate name, legal representative (responsible person), location, correspondence address or business scope and other industry
and commerce registration matters; decisions that materially affect financial affairs or human resources; 

  

	(2)	The Borrower or the Guarantor intends to apply for bankruptcy or may be or have been applied by creditors for bankruptcy; 

  

	(3)	The Borrower is involved in material litigation or arbitration, or its material asset or collateral hereunder is imposed on enforcement measures such as property preservation;

  

	(4)	The Borrower provides guarantee to any third party and such guarantee results in material adverse influence upon the Borrower’s financial condition or the ability to perform
the obligations hereunder; 

  

	(5)	The Borrower concludes any contract having material influence upon its operation and financial condition; 

  

	(6)	Cessation of production, going out of business, cancellation of business registration or revocation of business license on the part of the Borrower or the Guarantor;

  

	(7)	The Borrower, its legal representative (responsible person) or executives are involved in illegal activities; 

  

	(8)	Serious difficulties in operation, deterioration of financial condition, or other events having negative influence upon the operation, financial condition or the ability to repay
debts of the Borrower. 

 

 6.7 In the event of any change in the security hereunder adverse to the Lender’s right, the Borrower shall provide promptly other security acceptable to the Lender as required by the Lender. 

 “Change” in this Clause includes but not limited to the cessation of production, going out of
business, dissolution of business, suspension of business for regulatory measures, cancellation of business registration or revocation of business license on the part of the Guarantor; materially adverse changes in the business operation or
financial situation of the Guarantor; major litigation or arbitration the Guarantor is involved in; material decrease or threatened decrease in the value of the collateral or being imposed on coercive measures such as property preservation; default
by the Guarantor under the Guarantee Contract; dispute between the Guarantor and the Borrower; request by the Guarantor for termination of the Guarantee Contract; the Guarantee Contract is yet to be effective, or invalid, or cancelled; the secured
right is not existing or is invalid; or other incidents materially affecting the security of the creditor’s right of the Lender. 
 Article 7 Other
Items Agreed On 
 

 7.1 During the period of execution of this Contract, the relationship between the Borrower and the Security (þ guarantor  ̈mortgager  ̈pledgor, the same as below) is the second of the following
relations: (1) The Borrower is the shareholder or actual controller of the Security as defined by Company Law (2) The Borrower is not the shareholder nor actual controller of the Security and doesn’t plan to be its shareholder or
actual controller. 
 

7.2     /     
 

Article 8 Early Maturity of the Loan 
 Should any of the following circumstances occurs, the Lender shall
have the right to withhold the loan to be granted to the Borrower under this Contract, declare, at its sole discretion, partial or complete early maturity of the loan for the Borrower under this Contract and demanding the Borrower to promptly repay
all the principal due and settle the related interest: 
  

	(1)	The representations and warranties made by Borrower under Article 4 are found to be incorrect. 

  

	(2)	The Borrower has violated the provision of this Contract; 

  

	(3)	Any of the matters as listed in Article 6.6 to be notified occurs and the Lender considers such event will affect the security for its creditor’s right;

  

	(4)	The Borrower has committed, in his performance of other contracts signed with the Lender, a breaching act, such as delay in performance and fails to remedy it even after advised by
the Lender. 

 

Article 9 Breach of Contract 
 9.1 If the Borrower fails to repay the principal of the loan and the interest
in full on schedule, or fails to use the loan for the purpose as specified herein, the Lender will calculate and claim the interest based on the overdue interest or penalty interest rate for the appropriated loan, and calculate and claim the
compound interest on the interest overdue. 

 9.2 If the Borrower fails to repay in full the principal of the loan and the interest in full on
schedule, it shall undertake the expense of pressing for repayment, legal costs (arbitration costs), preservation cost, proclamation cost, enforcement cost, lawyer’s fee, travel expense and other expenses paid by the Lender for realization of
the Creditor’s right. 
 9.3 If the Borrower evades the supervision by the Lender, delays repayment of loan principal and interest, mala
fide evades or repudiates debts, the Lender shall be entitled to publicly report such behavior to the relevant organizations and publicize through media. 
 

Article 10 Agreement on Deduction 
 10.1 The Borrower authorizes the Lender to deduct and transfer the funds
in any accounts that Borrower has opened with Bank of Communications to discharge the principle of the loan, interest, penalty interest, compound interest and other expenses due and payable by the Borrower. 
 10.2 Upon deduction and transfer, the Lender shall notify the Borrower of the account number, loan contract number, loan document number, deduction
amount and the remaining amount of debt relating to such deduction and transfer. 
 10.3 If the deducted and transferred amount is
insufficient for discharging all the debts of the Borrower, the amount shall first be used to pay for the unpaid expenses due. If the repayment of principal and interest is overdue less than ninety days, the balance after payment of the expenses
will be first used to pay the outstanding interest or penalty interest, compound interest due and then the outstanding principal; if the repayment of principal or interest is overdue exceeding ninety days, the balance after paying the expenses will
be first used to pay the outstanding principal and then the outstanding interest or penalty interest and compound interest. 
 10.4 Should
the currency of the amount deducted be different from that of the loan to be repaid, such amount will be exchanged at a rate promulgated by the Bank of Communications on the deduction and transfer day. 
 Article 11 Dispute Resolution 
 Any dispute hereunder shall be settled
through the first of the following methods. During the dispute, the parties should continue to perform the terms that are not in dispute. 
 (1) Legal action at the court of jurisdiction in the place of Lender. 
 (2) Application for arbitration with
             Arbitration Commission in accordance with the arbitration the present and effective rules at the time of application. The arbitral award is final and binding upon
both parties. 

 Article 12 Miscellaneous 
 12.1 The indebtedness certificate under this Contract, and the relevant documents and materials confirmed by the two parties shall form an integral part of this Contract. 
 12.2 The Contract shall come into effect after the execution of the legal representatives (responsible person) or duly authorized representatives of the
Borrower and the Lender. 
 12.3 This Contract is executed in three counterparts, with each of the Parties hereto and the guarantor
holding one. 
 (There is no text in this page below.) 
  

	
	 The Borrower has read all the above provisions;
 the Lender has made the explanations in response
 to the request by the Borrower; and the Borrower
 has no objection to all the particulars.

  

					
	Borrower (Seal)	 		 	Lender (Seal)
	CEEG (Nanjing) PV-Tech Co., Ltd.	 		 	Bank of Communications Nanjing Branch
	(Seal)	 		 	(Seal)
	 Legal Representative (Responsible Person)
 Authorized or
Authorized Representative
	 		 	(Responsible Person) or Representative
	(Signature or Seal)	 		 	(Signature or Seal)
	 /s/ Lu Tingxiu
	 		 	 /s/

			
	Date: November 30, 2006	 		 	Date: November 30, 2006

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