Document:

Sales
        Agreement

      Agreement
        #:

      

      Seller:
        Perfectenergy (Shanghai) Co., Ltd. (Hereafter
        referred to as party A)

      Buyer:
        Zhejiang Sun Valley Energy Application Technology Co., Ltd. (Hereafter referred
        to as party B)

      

      In
        accordance to “The Agreement Law of the People’s Republic of China” and
        equal, voluntary and fair principles, on the basis of equality and mutual
        benefit, through friendly consultation, party A and B sign this
        agreement.

      

      
        	
                1.

              	
                According
                  to party B’s requirement, party A will sell the following product to party
                  B during the month of August, 2007.

              

      

      

      
        	
                Item

              	
                Product
                  Name

              	
                Specifications

              	
                Unit

              	
                Quantity

              	
                Unit
                  Price

              	
                Total

              
	
                1

              	
                solar
                  silicon film

              	
                126x126

              	
                Per
                  film

              	
                100000

              	
                51.50

              	
                5150000.00

              
	
                2

              	 	 	 	 	 	 
	
                Total

              	 	
                RMB
                  5150000.00

              	 	 	 
	
                total
                  RMB in Capital Chinese Characters

              	
                five
                  million and one hundred and fifty thousand yuan RMB

              	 

      

      
        	
                Note:

              	
                1)
                  If party B decides to purchase more than the item listed above,
                  it will be
                  added onto a separate page. The added page will have the same legal
                  effect
                  as this agreement.

              

      

      2)
        The
        above price includes tax-on-capital-gain
        (value appreciation tax).

      

      
        	
                2.

              	
                Payment
                  Method and Timeline:

              

      

      
        	 	
                2.1.

              	
                Two
                  days after signing this agreement, Party B makes first payment
                  of
                  2,000,000 yuan RMB. Party B will pick up 18,000
                  films.

              

      

      
        	 	
                2.2.

              	
                Within
                  10 days of signing this agreement, party B will make the remaining
                  payment
                  of 3,150,000 yuan RMB. After making full payment, party B will
                  pick up
                  82,000 films.

              

      

      Delievery
        Time Table (In hand writing)

      8/13:
        18000 films

      8/17:
        30000 films

      8/21:
        30000 films

      8/25:
        22000 films

      

      
        	
                3.

              	
                Packaging
                  Requirement: Cardboard
                  Box

              

      

      

      
        	
                4.

              	
                Transportation
                  and Delivery Method: Self
                  pick-up

              

      

      

      
        	
                5.

              	
                Product
                  Quality and After-sales Service (Specific technical parameters
                  and testing
                  and acceptance condition(s) can be established as a technical supplemental
                  page, such supplemental page will have the same legal effect as
                  this
                  agreement):

              

      

      

      
        	 	
                1)

              	
                Testing
                  and acceptance standard: ____Follow
                  related national standard___

              

      

      
        	 	
                2)

              	
                Testing
                  and acceptance method: ____Follow
                  related national standard____

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	 	
                3)

              	
                Quality
                  Objection Timeline: ____Within
                  2 days of receiving the
                  products___

              

      

      

      
        	
                6.

              	
                Others:

              

      

      

      
        	
                Supplemental
                  Agreement

              	
                1.    
                  This
                  agreement becomes effective right after signing and stamping by
                  both
                  parties. When both party have fulfilled their obligations, the
                  agreement
                  will be terminated right away.

                2.    
                  If
                  the agreement has two or more versions that are written in two
                  (or more)
                  different languages, they all have the same legal effect. If there
                  is any
                  discrepancy in wording, based on the purpose of the agreement,
                  the Chinese
                  version will be the correct version.

                3.    
                  Any
                  dispute due to signing and execution of this agreement, both parties
                  shall
                  try to resolve it through consultation according to “The Agreement Law of
                  The People’s Republic of China” and any other related law(s). If an
                  agreement can not be reached, it can be submitted to the courthouse
                  where
                  this agreement is being carried out.

                4.    
                  Any
                  party that beaches this agreement shall make appropriate damage
                  compensation, unless it is due to Force Majeure or any accident
                  that such
                  party should not be blamed for.

                5.    
                  Any
                  item that is not covered here will be resolved through
                  consultation.

                6.    
                  This
                  agreement has two copies, each party carries one copy.

              
	
                Other
                  items:

                1.    
                  Party
                  A will process the velvet silicon film surface, the processing
                  should
                  reach the requirements as stated in the “ Velvet Surfacing Technical
                  Parameters” supplement.

                2.    
                  Both
                  parties agree that if party A changes film sources, they must inform
                  part
                  B first.

                3.    
                  Both
                  parties agree that, unless it is due to abnormal transportation
                  factor(s),
                  the breakage rate should be equal or less 0.3%. If it exceeds this
                  rate,
                  party A shall deliver additional films to make up the
                  difference.

                4.    
                  Without
                  any special reason(s), the products can not be
                  returned.

              

      

       

      
        	
                Party
                  A (Stamp)

              	
                Party
                  B (Stamp)

              
	
                Perfectenergy
                  (Shanghai) Co., Ltd. 

              	
                Zhejiang
                  Sun Valley Energy Application

              
	
              	
                Technology
                  Co., Ltd.

              
	
                Signature
                  of Representative:

              	
                Signature
                  of Representative:

              
	 	 
	
                Bank:
                  Agriculture Nank, Minhang District, 

              	
                Bank:
                  Bank of Communication

              
	
                Xinzhuang
                  Industrial District Branch 

              	
                Jiaxing
                  Hanning Branch

              
	
                Account:
                  03430500040006353

              	
                Account
                  #: 2960690100180100211522

              
	
                Tax
                  Id: 310112777606116

              	
                Tax
                  Id: 330481790954553

              
	
                Address:
                  # 479Youdong Rd

              	
                Address:
                  Technical Functional Zone

              
	
                Xinzhuang,
                  Shanghai

              	
                Yuanhua
                  Town, Haning, Zhejiang

              
	
                Tel:
                  021-54880958

              	
                Tel:
                  0573-87985678

              
	
                Fax:
                  021-54888364

              	
                Fax:
                  0573-87985677

              
	
                Date:

              	
                Date:

              

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Agreement
        Execution Location:Three
        Party Strategic Cooperation Agreement

      

      This
        agreement is entered into by the following three parties:

      

      A:
        Tianjin Huanou Semiconductor Material Technology Co, Ltd

      Address:
        #152 Zhanggui Road, Hedong Disrict, Tianjin

      Zip:
        300161

      

      B:
        Perfectenergy (Shanghai) Co., Ltd

      Address:
        #479 Youdong Road, Xinzhuang, Shanghai

      Zip:
        201100

      

      C:
        Shanghai Solar Science & Technology Co., Ltd

      Address:
        #555 Shennan Road, Xinzhuang Industrial District, Minhang District,
        Shanghai

      Zip:
        201108

      

      According
        to the “The Economic Contract Law of the People’s Republic of China”, Parties A,
        B and C sign this agreement after friendly negotiation. This agreement states
        that Party A shall provide Party B solar silicon film, which Party B shall
        process into velvet (textured) silicon film or solar cell film and shall
        sell to
        Party C.

      

      
        	
                1.

              	
                Party
                  B shall purchase the following item from Party
                  A:

              

      

      CZ
        solar
        monocrystalline silicon film, the dimension is adjusted to 126mm X 126 mm
        ±0.5mm
        quasi-side element, Diagonal Diameter F
        =
        150mm.

        

        
          	
                  2.

                	
                  Supply
                    Quantity and Delivery Time:

                

        

        From
          May
          2007 to October 2007, the delivery quantity is listed as follows:

        
          	 	
                  May

                	
                  June

                	
                  July

                	
                  August

                	
                  September

                	
                  October

                
	
                  Total
                    (pieces)

                	
                  150,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                

        

        The
          product shall be delivered once a week.

        

        
          	
                  3.

                	
                  Payment
                    method between Party A and B:

                

        

        From
          the
          date of signing this agreement, after Party A delivers the product to Party
          B,
          payment shall be calculated on the 11th,
          18th
          and
          27th
          of each
          month and shall be paid in full for the month.

        

        From
          May
          2007 to October 2007, the amount of payment is listed as follows:

        
          	 	
                  May

                	
                  June

                	
                  July

                	
                  August

                	
                  September

                	
                  October

                
	
                  Total
                    (pieces)

                	
                  150,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                
	
                  Payment
                    (Yuan)

                	
                  7,050,000.00

                	
                  21,150,000.00

                	
                  21,150,000.00

                	
                  21,150,000.00

                	
                  21,150,000.00

                	
                  21,150,000.00

                

        

         

        
          	
                  4.

                	
                  Party
                    C purchases the following product from Party
                    B:

                

        

        126mm
          X
          126mm F
          150mm
          solar monocrystalline silicon film, with velvet (textured) surface
          finishing

        126mm
          X
          126mm F
          150mm
          solar monocrystalline silicon cell film

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

        
          	
                  5.

                	
                  Supply
                    Quantity and Delivery Time

                

        

        From
          May
          2007 to October, 2007, the delivery amount is listed as follows:

        
          	 	
                  May

                	
                  June

                	
                  July

                	
                  August

                	
                  September

                	
                  October

                
	
                  Total
                    (pieces)

                	
                  150,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                	
                  450,000

                
	
                  #
                    of Cell Film (pieces)

                	
                  50,000

                	
                  150,000

                	
                  150,000

                	
                  150,000

                	
                  150,000

                	
                  150,000

                
	
                  #
                    of Velvet Film (pieces)

                	
                  100,000

                	
                  300,000

                	
                  300,000

                	
                  300,000

                	
                  300,000

                	
                  300,000

                

        

        The
          products will be delivered once a week.

        

        
          	
                  6.

                	
                  Three
                    Party Payment Method:

                

        

        
          	 	
                  1)

                	
                  From
                    June to October, 2007, Party A shall provide Party B the specified
                    quantity of conforming solar silicon films in batches as stated
                    in this
                    agreement. Party B shall pay Party A the full amount on time
                    according to
                    the payment term to avoid production delay due to funding issues.
                    If
                    delivery is delayed due to party B’s funding issue, Party A shall not be
                    responsible.

                

        

        
          	 	
                  2)

                	
                  From
                    June to October, 2007, Party B shall provide Party C the specified
                    quantity of conforming velvet solar silicon films and solar cell
                    films in
                    batches as stated in this agreement. Party C shall pay Party
                    B the full
                    amount on time according to the payment term to avoid production
                    delay due
                    to funding issues. If delivery is delayed due to party C’s funding issue,
                    Party B shall not be responsible.

                

        

        
          	 	
                  3)

                	
                  Due
                    to the unconventional mechanical parameters of the product as
                    stated in
                    this three-party agreement, Party A shall produce the special
                    product
                    according to Parties B and C’s specifications. Because this type of
                    product has no other intended user, if there is a sudden change
                    in the
                    course of carrying out this agreement, Party A shall be informed
                    in
                    advance, and Parties B and C shall take and use all of the products
                    in
                    production at the time.

                

        

        From
          the
          date of signing this agreement, party B shall deliver the product to Party
          C in
          batches. Both parties agree that the payment will be calculated on 8th,
          16th
          and
          25th
          of each
          month, with the payment for the month to be paid in full.

        

        
          	
                  7.

                	
                  Product
                    Testing and Acceptance

                

        

        Parties
          B
          and C shall inspect the quality and quantity within 5 days of receiving
          the
          products according to the content of this agreement. If any product does
          not
          meet the specified requirement, Parties B and C shall inform Party A in
          writing.
          If no written notice is received within the time period stated, the products
          shall be deemed to be examined and accepted.

        Parties
          B
          and C can refuse to accept any batch of products that does not meet the
          required
          standard.

        For
          any
          product that does not pass the testing standard, Party B may request a
          replacement from Party A and Party C may request a replacement from Party
          B.

        

        
          	
                  8.

                	
                  Dispute
                    Resolution

                

        

        During
          the term of this agreement, any dispute shall be resolved through discussion
          and
          negotiation of the parties. If a resolution can not be reached after
          negotiation, the disputing parties may file a law suit at the local People’s
          Court where the agreement is signed. The court’s decision regarding the dispute
          will be deemed final.

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        Party
          A:
          Tianjin Huanou Semiconductor Material Technology Co, Ltd

        Signature:

        Stamp:

        Date:
          June 6, 2007

        [Company
          Seal]

        

        Party
          B:
          Perfectenergy (Shanghai) Co., Ltd

        Signature:
          

        Stamp:

        Date:
          June, 6 2007

        [Company
          Seal]

        

        Party
          C:
          Shanghai Solar Science & Technolofy Co., Ltd

        Signature:

        Stamp:

        Date:

        [Company
          Seal]

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