Document:

Security Undertaking Agreement

 Exhibit 10.35 
 English Translation 
 Security Undertaking Agreement 
 This agreement is entered into in Nanjing, PRC by and between the following parties: 
 Party A: China Electric Equipment Group Co., Ltd. 
 Party B: CEEG (Nanjing) PV-Tech Co., Ltd. 
 Through friendly consultation between both parties, Party A agrees that, within one year after Party B’s offshore holding company, China Sunergy
Co., Ltd. (Cayman), completes its offering on the New York Stock Exchange or NASDAQ, Party A will continue providing security for Party B for its bank credit up to RMB 1 billion. Party A will provide such security to Party B free of charge or charge
applicable security fee from Party B according to the market standard for similar transactions, but such security fee shall not exceed 0.1% of the principal of the loan. In the event Party A’s credit capacity or operation status is materially
changed, both parties will otherwise negotiate whether to change the total amount of the security or not. 
 This agreement shall be governed
by and interpreted in accordance with the laws of the People’s Republic of China. 
 This agreement is made in two original
counterparts, with each party holding one, and shall take into effect upon the execution and seal by the authorized representatives of each party. 
  

					
	 Party A: China Electric Equipment Group Co., Ltd. (Seal)
	 		 	Party B: CEEG (Nanjing) PV-Tech Co., Ltd.
			
	Authorized Representative (Signature):	 		 	Authorized Representative (Signature):
			
	 /s/ Lu Tingxiu
	 		 	 /s/ Lu Tingxiu

	Date: December 18, 2006	 		 	Date: December 18, 2006Land Use Right Agreement

 Exhibit 10.36 
 English Translation 
 26,433.47 M2 Land Use Right Agreement 
 This
agreement is entered into in Nanjing, PRC by and between the following parties: 
 Party A: China Electric Equipment Group Co., Ltd. 
 Party B: CEEG (Nanjing) PV-Tech Co., Ltd. 
 Through friendly consultation between both parties, Party A hereby grants Party B an option,
pursuant to which Party B is entitled to purchase from Party A prior to December 31, 2007 the land use right of total 26,433.47 M2 in Jiangning Economic & Technical Development Zone, Nanjing at RMB150 per square meter according to the relevant laws and regulations. The above purchase price conforms with the land use right grant premium paid by
Party A on December 27, 2003 in accordance with the State Owned Land Use Right Grant Contract, and the taxes and charges thereby shall be borne by both parties respectively according to the relevant rules. In the event Party A is unable to
assign the land use right to Party B due to the restrictions under relevant laws and regulations, Party A shall, to the best of its abilities, lease to Party B the land use right and the premises thereon at a fair price and the term of lease shall
be no less than ten years. 
 This agreement is entered into in two original counterparts, with each party holding one, and shall take effect
when it is signed and sealed by the authorized representatives of each party. 
  

					
	Party A: China Electric Equipment Group Co., Ltd. (Seal)	 		  	Party B: CEEG (Nanjing) PV-Tech Co., Ltd. (Seal)
			
	Authorized Representative (Signature):	 		  	Authorized Representative (Signature):
			
	 /s/ Lu Tingxiu
	 		  	 /s/ Lu Tingxiu

	Date: December 20, 2006	 		  	Date: December 20, 2006Property Lease Contract

 Exhibit 10.37 
 English Translation 
 Property Lease Contract 
 Contract No.: CW20060901 
 Signing place: location of the Lessee 

Signing date: August 29, 2006 
 Lessor: CEEG (Nanjing) Special
Transformers Co., Ltd. 
 Lessee: CEEG (Nanjing) PV-Tech Co., Ltd. 
 In accordance with the Contract Law of the People’s Republic of China and other relevant regulations, the Lessor and the Lessee, through negotiations, hereby enter into this Contract so as to define their respective rights and
obligations. 
 Article 1 Subject Matter of the Lease 
 The warehouse with a floor area of 3000 m2, inside the Lessor’s company, located at 6 Shuige Road Jiangning Economic Development Zone, Nanjing. 
 Article 2 Lease term 
 Lease term is 5 years. The Lessor will lease the
warehouse for the lessee to use from October 1, 2006 to September 30, 2011. 
 Upon expiry of the lease term hereof, if the Lessor still intends to
lease out the warehouse, under the same conditions, the Lessee shall have the priority to lease. 
 Article 3 Rental and payment term of rental 

Rental is RMB sixty thousand (60,000) per year and shall be paid before December 30 every year. 
 Article 4 Maintenance of the Leased Property within the Lease Term 
 The
Lessor and the Lessee shall be responsible for the maintenance. 
 Article 5 Change of Lessor and Lessee 
 1. Within the lease term, if the Lessor transfers the ownership of the leased property to any third party, it may not solicit the consent of the Lessee, but it shall
inform the Lessee of the transfer of ownership. Subsequent upon transfer of ownership, the party obtaining the ownership of the leased property is the lessor of this Contract, enjoys the rights of the original Lessor and undertakes the obligations
of the original Lessor. 
 2. Where the Lessor sells out the leased property, it shall inform the Lessee in advance. Under the same conditions, the Lessee
has the preemptive right. 
 3. Where the Lessee sublets the leased property to any third party for work needs, it must obtain the prior consent of the
Lessor. 
 Article 6 Defaulting liability 
 Should either party
violates the provisions of Article 3 hereof, it shall pay six months’ rental (RMB 30,000) as liquidated damages to the other party. 
 Article 7
Settlement of Disputes 
 Any dispute arising from or out of the performance of this Contract shall be settled by both parties through negotiations. In case
no settlement can be reached, both parties agree that such dispute may be referred to Nanjing Arbitration Commission for arbitration. 

 Article 8 Other Provisions 
 No. 
 Article 9 Where both parties agree to renew the lease term within thirty (30) days before the expiry of the lease term, the parties
shall sign a new contract. 
 Article 10 Anything not covered herein is subject to the relevant stipulations of the Contract Law of the People’s
Republic of China. Both parties may also sign a supplementary agreement through negotiations, which shall have the same legal effect as this Contract. 
 Article 11 This Contract is executed in duplicate, with each party hereto holding one copy. Both copies shall be equally authentic. 
  

									
	Lessor (seal): CEEG (Nanjing)Special	 		 	Lessee (seal): CEEG (Nanjing) PV-
	Transformers Co., Ltd.	 	 /s/
	 		 	Tech Co., Ltd.	 	 /s/

	Legal representative or proxy:	 		 		 	Legal representative or proxy:	 	
	Tel.:	 		 		 	Tel.:	 	
	Account opening bank:	 		 		 	Account opening bank:	 	
	Account No.:	 		 		 	Account No.:	 	
	Postal Code:	 		 		 	Postal Code:English translation of Agreement dated February 22, 2007

 Exhibit 10.39 
 PRAXCAPITAL FUND II, L.P. 
 EXUBERANCE INVESTMENT LIMITED 
 GERSEC TRUST REG. 
 CHINA ENVIRONMENT
FUND 2004, LP 
 and 
 CHINA SUNERGY CO., LTD. 
  

 Sale and Purchase Agreement 
 Dated as of March 22, 2007 
  

			
	INDEX
		
	 1. INTERPRETATION
	  	1
		
	 2. SALE AND PURCHASE OF THE SALE SHARES
	  	2
		
	 3. CONSIDERATION
	  	2
		
	 4. REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS OF THE VENDORS AND THE COMPANY
	  	2
		
	 5. COMPLETION
	  	3
		
	 6. POST COMPLETION EFFECT
	  	4
		
	 7. FURTHER ASSURANCE AND ASSISTANCE
	  	4
		
	 8. DOCUMENTS CONSTITUTING AGREEMENT
	  	4
		
	 9. CONFIDENTIALITY
	  	4
		
	 10. NOTICES AND OTHER COMMUNICATIONS
	  	5
		
	 11. COSTS AND EXPENSES
	  	5
		
	 12. COUNTERPARTS
	  	5
		
	 13. GOVERNING LAW AND DISPUTE RESOLUTION
	  	5
		
	 14. AMENDMENTS
	  	7
		
	 15. SUCCESSORS AND ASSIGNS
	  	7
		
	 SCHEDULE 1 – OWNERS OF THE SALE SHARES
	  	9
		
	 SCHEDULE 2 – THE WARRANTIES
	  	10
		
	 SCHEDULE 3 – FORM OF THE RESOLUTIONS IN WRITING OR MEMBERS OF CHINA SUNERGY CO., LTD.
	  	12
		
	 SCHEDULE 4 – FORM OF BOARD RESOLUTIONS OF CHINA SUNERGY CO., LTD.
	  	16

 THIS AGREEMENT is made this 22nd day of March 2007 
 AMONG 
  

	(1)	PRAXCAPITAL FUND II, L.P. of M&C Corporate Services Limited, P.O. Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands
(“PraxCapital”); 

  

	(2)	EXUBERANCE INVESTMENT LIMITED of c/o: China Renaissance Capital Investment, Suite 305 – 307 St. George’s Building, 2 Ice House Street, Hong Kong
(“Exuberance”); 

  

	(3)	GERSEC TRUST REG. of Meierhostrasse 5, Vaduz FI-9490, Liechtenstein (“Gersec”); 

  

	(4)	CHINA ENVIRONMENT FUND 2004, LP of c/o: Tsinghua Venture Capital Management Co., Ltd., A2302, SP Tower, Tsinghua Science Park, Beijing, P. R. China (“China
Environment Fund”); 

 (together known as the “Vendors” or individually the
“Vendor”) 
 and 
  

	(6)	CHINA SUNERGY CO., LTD., a company incorporated in the Cayman Islands whose registered office is situated at the offices of Codan Trust Company (Cayman) Limited, Cricket
Square, Hutchins Drive, P.O.Box 2681 GT, George Town, Grand Cayman, Cayman Islands (the “Company” or “Purchaser”). 

 PRELIMINARY 
  

	(A)	WHEREAS, the Vendors own Sales Shares (as hereafter defined) of the Company. 

  

	(B)	WHEREAS, the Vendors and the Purchaser have agreed to a sale and purchase of the Sale Shares on the following terms and conditions. 

 IT IS AGREED AS FOLLOWS : 
  

	1.	INTERPRETATION 

  

	1.1	In this Agreement, unless the context otherwise requires, the following expressions shall have the respective meanings set opposite thereto: 

 “Approval” means any consent, approval, authorization, waiver, permit, grant, franchise, concession, agreement, license, exemption or
order of, registration, certificate, declaration or filing with, or report or notice required to be secured from any government or any agency, bureau, board, commission, court, department, official, political subdivision, tribunal or other
instrumentality of any government. 
 “Completion” means the completion of the sale and purchase of the Sale Shares in
accordance with the provisions of this Agreement; 

	 	“Completion	Date” means the date on which Completion takes place; 

 “Hong Kong” means the Hong Kong Special Administrative Region of the PRC; 
 “PRC” means the
People’s Republic of China; 
 “Sale Shares” means an aggregate of (i) 48,238 fully paid up, validly issued
and nonassessable Series A Preferred Shares of US$0.01 each in the capital of the Company to be sold by PraxCapital; and (iii) 89,698 fully paid up, validly issued and nonassessable Series B Preferred Shares of US$0.01 each in the capital of
the Company, of which 72,079 Series B Preferred Shares, 8,009 Series B Preferred Shares and 9,610 Series B Preferred Shares are to be sold by Exuberance, Gersec and China Environment Fund, respectively; 
 “Securities and Exchange Commission” means the United States Securities and Exchange Commission; and 
 “US$” means United States dollars. 
  

	1.2	Any reference to a Clause, sub-clause or Schedule (other than to a Schedule to a statutory provision) is a reference to a Clause or a sub-clause or Schedule to this Agreement and
the Schedules form part of and are deemed to be incorporated into this Agreement. 

  

	1.3	Words denoting the singular number or the masculine shall include the plural or the feminine or neuter and vice versa. 

  

	1.4	Any reference to an ordinance, statute, legislation or enactment shall be construed as a reference to such ordinance, statute, legislation or enactment as may be amended or
re-enacted from time to time and for the time being in force. 

  

	1.5	The headings to the Clauses of this Agreement are for ease of reference only and shall be ignored in interpreting this Agreement. 

  

	2.	SALE AND PURCHASE OF THE SALE SHARES  

 Subject to
the terms and conditions set forth in this Agreement, each Vendor agrees to sell, assign, transfer and deliver to the Purchaser on the Completion Date, severally, but not jointly, and the Purchaser agrees to purchase from each Vendor on the
Completion Date, the number of shares set forth opposite the name of such Vendor under “Owners of the Sale Shares” on Schedule 1 hereto. 
  

	3.	CONSIDERATION 

  

	3.1	The total consideration for the sale by the Vendors of the Sale Shares shall be US$1 to be paid in cash to each of the Vendors. 

  

	4.	REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS OF THE VENDORS AND THE COMPANY 

  

	4.1	Each of the Vendors hereby severally represents, warrants and undertakes to the Purchaser that each of the matters set out in Schedule 2, Part A (each of the warranties being
hereinafter referred to as a “Vendor Warranty” and together as the “Vendor Warranties”) is true and correct in all respects as of the date of this Agreement and as of the Completion Date and acknowledges that the
Purchaser is entering into this Agreement in reliance upon the Vendor Warranties and that the Purchaser shall be entitled to treat the Vendor Warranties as conditions of this Agreement. 

	4.2	The Company hereby represents, warrants and undertakes to each of the Vendors that each of the matters set out in Schedule 2, Part B (each of the warranties being hereinafter
referred to as a “Company Warranty” and together as the “Company Warranties” and collectively with the Vendor Warranties, the “Warranties”) is true and correct in all respects as of the date of this
Agreement and as of the Completion Date and acknowledge that each of the Vendors is entering into this Agreement in reliance upon the Company Warranties and that each of the Vendors shall be entitled to treat the Company Warranties as conditions of
this Agreement. 

  

	4.3	Each of the Warranties set out in each sub-paragraph of Schedule 2 hereto shall be separate and independent and save as expressly provided shall not be limited by reference to any
other sub-paragraph or anything in this Agreement or the Schedules hereto. 

  

	4.4	The Purchaser’s rights in respect of each of the Vendor Warranties shall survive Completion and continue in full force and effect notwithstanding Completion.

  

	4.5	The rights of each of the Vendors in respect of each of the Company Warranties shall survive Completion and continue in full force and effect notwithstanding Completion.

  

	5.	COMPLETION 

  

	 5.1
	 Completion shall take place at the offices of Latham & Watkins, LLP at 41st Floor, One Exchange Square, 8 Connaught Place, Central, Hong Kong or such other place as the parties may agree forthwith upon the execution of this
Agreement, when all the following business will be simultaneously transacted: 

  

	 	5.1.1	each of the Vendors shall: 

  

	 	(a)	procure its execution of this Agreement; and 

  

	 	(b)	a signed instrument of transfer in favour of the Purchaser for the Sale Shares to be sold by the Vendor pursuant to this Agreement. 

  

	 	5.1.2	the Purchaser shall: 

  

	 	(a)	procure the passing of the resolutions of members in the form set out in Schedule 3 and board resolutions in Schedule 4; 

  

	5.2	The transactions described in Clause 5.1 shall take place at the same time, so that in the event of a default of the performance of any such transactions by any of the parties, the
other parties shall not be obliged to complete this Agreement or perform any obligations hereunder (without prejudice to any further legal remedies). 

  

	5.3	As soon as reasonably practicable following the Completion and in any event not later than fifteen (15) days after the Completion, each of the Vendors shall deliver, to the
Purchaser, original share certificates in respect of the Sale Shares owned by them respectively, together with instruments of transfer in favour of the Purchaser in respect of the Sale Shares duly executed by the registered holders thereof (if
necessary), and the Purchaser shall deliver, to the Vendors, original share certificates for the remaining shares of the Company held by each of the Vendors. 

	6.	POST COMPLETION EFFECT 

 This Agreement shall remain
in full force and effect after and notwithstanding Completion in respect of all obligations, agreements, covenants, undertakings, conditions, representations or warranties which have not been done, observed or performed at or prior to Completion and
the parties may take action for any breach or non-fulfilment of any of such obligations, agreement, covenants, undertakings, conditions, representations or warranties either before or after Completion, it being agreed that Completion shall not be
deemed to constitute a waiver of or operate as an estoppel against any right to take any such action. 
  

	7.	FURTHER ASSURANCE AND ASSISTANCE 

  

	7.1	The Vendors shall do, execute and perform and shall procure to be done, executed and performed all such further acts, deeds, documents and things as the Purchaser may require from
time to time effectively to vest the beneficial ownership of the Sale Shares in the Purchaser free from all liens, charges, options, encumbrances or adverse rights or interest of any kind and otherwise to give to the Purchaser the full benefit of
this Agreement. 

  

	7.2	The Purchaser shall do, execute and perform and to procure to be done, executed and performed all such further acts, deeds, documents and things as the Vendors may require from time
to time effectively to give to the Vendors the full benefit of this Agreement. 

  

	8.	DOCUMENTS CONSTITUTING AGREEMENT 

 This Agreement
and any agreement, document or instrument attached hereto or referred to herein among the parties hereto together constitute the entire agreement and understanding between the parties in connection with the subject matter of this Agreement and
supersedes all previous proposals, representations, warranties, agreements or undertakings relating thereto whether oral, written or otherwise and neither party has relied on any such proposals, representations, warranties, agreements or
undertakings. In the event of a conflict between the terms and conditions of this Agreement and any previous proposals, representations, warranties, agreements or undertakings, the terms and conditions of this Agreement shall prevail. 
  

	9.	CONFIDENTIALITY 

  

	9.1	Disclosure of Terms. The terms and conditions of this Agreement, all exhibits and schedules attached hereto, and the transactions contemplated hereby (collectively, the
“Transaction Terms”) shall be considered confidential information and shall not be disclosed by any party hereto to any third party except in accordance with the provisions set forth below. 

	9.2	Permitted Disclosures. Notwithstanding the foregoing, (i) any party hereto may disclose any of the Transaction Terms to its current or bona fide prospective investors,
employees, investment bankers, lenders, accountants and attorneys, in each case only on an as-needed basis and where such persons are under appropriate nondisclosure obligations; and (ii) each of PraxCapital, Exuberance, Gersec and China
Environment Fund may disclose any of the Transaction Terms to its fund manager and the employees thereof on an as-needed basis and so long as such persons are under appropriate nondisclosure obligations. 

  

	9.3	Other Exceptions. Notwithstanding any other provision of this Section 9, the confidentiality obligations of the parties shall not apply to: (a) disclosure as
may be required by the Securities and Exchange Commission or any other regulator that has jurisdiction over the applicable party hereto or applicable securities law or regulations of the United States of America or requirement of any stock exchange
or automated trading system; (b) information which a restricted party learns from a third party having the right to make the disclosure, provided the restricted party complies with any restrictions imposed by the third party;
(c) information which is in the restricted party’s possession prior to the time of disclosure by the protected party and not acquired by the restricted party under a confidentiality obligation; or (d) information which
enters the public domain without breach of confidentiality by the restricted party. 

  

	9.4	Other Information. The provisions of this Section 9 shall survive the termination of this Agreement and shall be in addition to, and not in substitution for, the
provisions of any separate nondisclosure agreement executed by any of the parties hereto with respect to the transactions contemplated hereby. 

  

	10.	NOTICES AND OTHER COMMUNICATIONS 

 Any and all notices required or permitted under this Agreement shall be given in writing in English
and shall be provided by one or more of the following means and shall be deemed to have been duly given (a) if delivered personally, when received, (b) if transmitted by facsimile, on the date of transmission with receipt of a transmittal
confirmation, or (c) if by international courier service, on the fourth (4th) Business Day following the
date of deposit with such courier service, or such earlier delivery date as may be confirmed in writing to the sender by such courier service. 
  

	11.	COSTS AND EXPENSES 

 The parties hereto bear their
respective legal and professional fees, costs and expenses incurred in the negotiation, preparation and execution of this Agreement and all documents contemplated hereby. 
  

	12.	COUNTERPARTS 

 This Agreement may be executed in
counterparts and all counterparts together shall constitute one document. 
  

	13.	GOVERNING LAW AND DISPUTE RESOLUTION 

  

	13.1	Governing Law. This Agreement shall be governed by and construed under the laws of the State of New York, without regard to principles of conflicts of law thereunder.

	13.2	Dispute Resolution. 

  

	 	13.2.1	Any dispute, controversy or claim arising out of or relating to this Agreement, or the performance, interpretation, breach, termination or validity hereof (a
“Dispute”), shall be resolved through friendly consultation. Such consultation shall begin immediately after one party hereto has delivered to the other parties hereto a written request for such consultation stating specifically the
nature of the Dispute. If within 30 days following the date on which such notice is received the Dispute has not been resolved, the Dispute may be submitted to arbitration upon the request of any party or parties hereto (a “Requesting
Party” or “Requesting Parties”) with notice to the other parties hereto. 

  

	 	13.2.2	The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (the “Centre”). 

  

	 	13.2.3	There shall be three arbitrators. The Requesting Party shall, or the Requesting Parties shall jointly, appoint one arbitrator and the other parties hereto shall jointly appoint one
arbitrator. The third arbitrator shall act as the presiding arbitrator and shall be appointed by agreement of the party-appointed arbitrators. If no agreement on such appointment can be reached within 30 days after the appointment of the first
arbitrator to be appointed, the Secretary General of the Centre shall make the appointment. 

  

	 	13.2.4	The arbitration proceedings shall be conducted in English. The arbitration tribunal shall apply the Arbitration Rules of the United Nations Commission on International Trade Law, as
in effect at the time of the arbitration. However, if such rules are in conflict with the provisions of this Section 13.2, upon agreement by the Centre as provided in the rules of the Centre, the provisions of this Section 13.2 shall
prevail. 

  

	 	13.2.5	Each party hereto shall cooperate with the other parties hereto in making full disclosure of and providing complete access to all information and documents requested by the other
parties in connection with such proceedings, subject only to relevance, privilege and any confidentiality obligations binding on such party. 

  

	 	13.2.6	The award of the arbitration tribunal shall be final and binding upon the disputing parties, and the winning party may, at the cost and expenses of the losing party, apply to any
court of competent jurisdiction for enforcement of such award. 

  

	 	13.2.7	Each party hereto irrevocably consents to the service of process, notices or other paper in connection with or in any way arising from the arbitration or the enforcement of any
arbitral award, by use of any of the methods and to the addresses for the giving of notices set forth in Section 10. Nothing contained herein shall affect the right of any party hereto to serve such processes, notices or other papers in any
other manner permitted by applicable law. 

  

	 	13.2.8	Without prejudice to the provisions contained in this Section 13.2, in order to preserve its rights and remedies, any party hereto shall be entitled to seek preservation of
property or evidence or any other emergency relief in accordance with law from any court of competent jurisdiction, the Centre or the arbitration tribunal pending the final decision or award of the arbitration tribunal. 

	 	13.2.9	During the period when a Dispute is being resolved, except for the matter being disputed, the parties hereto shall in all other respects continue their implementation of this
Agreement. 

  

	14.	AMENDMENTS 

 This Agreement may not be amended,
modified or supplemented, except in a writing signed by each of the parties hereto. 
  

	15.	SUCCESSORS AND ASSIGNS 

 This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

 IN WITNESS whereof the parties hereto have executed this Agreement the day and year first above written. 
  

							
	SIGNED by	 	)	 		 	
		 	)	 		 	
	PRAXCAPITAL FUND II, L.P.	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 		 	
	EXUBERANCE INVESTMENT LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 		 	
	GERSEC TRUST REG.	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 		 	
	CHINA ENVIRONMENT FUND 2004, LP	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 		 	
	CHINA SUNERGY CO., LTD.	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

 SCHEDULE 1 
 OWNERS OF THE SALE SHARES 
  

					
	 Vendor
	  	Type of Shares	  	No. of Shares
	PraxCapital Fund II, L.P.	  	Series A Preferred	  	48,238
	Exuberance Investment Limited	  	Series B Preferred	  	72,079
			
	Gersec Trust Reg.	  	Series B Preferred	  	8,009
			
	China Environment Fund 2004, LP	  	Series B Preferred	  	9,610

 SCHEDULE 2 
 PART A 
 THE VENDOR WARRANTIES 
  

	1.	Each of the Vendors is solvent, has full power and authority, and has obtained all necessary consents and approvals, to enter into and deliver this Agreement and any other document
or agreement contemplated by this Agreement, and to exercise its rights and perform its obligations hereunder and all corporate and other actions required to authorise its execution of this Agreement and any other document or agreement contemplated
by this Agreement and its performance of its obligations hereunder have been duly taken. 

  

	2.	When executed and delivered by the Vendors, this Agreement will constitute a valid and legally binding obligation of each Vendor, enforceable in accordance with its terms.

  

	3.	The execution, delivery and performance of this Agreement by the Vendors does not and shall not: 

  

	 	(a)	violate in any respect the laws and documents incorporating and constituting each of the Vendors; 

  

	 	(b)	result in the creation or imposition of any encumbrance on any of its assets pursuant to the provisions of any agreement or other undertaking to which any Vendor is a party or which
is binding upon it or any of its assets; or 

  

	 	(c)	violate any agreement or other undertaking to which each of the Vendors is a party or which is binding upon it or any of its assets. 

 PART B 
 THE COMPANY WARRANTIES 
  

	1.	The Company is duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The Company has all requisite corporate power and
authority to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction in which it conducts business and the failure to so qualify would have a
material adverse effect on its financial condition, business or properties. 

  

	2.	The Company is solvent, has full power and authority, and has obtained all necessary consents and approvals, to enter into and deliver this Agreement and any other document or
agreement contemplated by this Agreement, and to exercise its rights and perform its obligations hereunder and all corporate and other actions required to authorise its execution of this Agreement and any other document or agreement contemplated by
this Agreement and its performance of its obligations hereunder have been duly taken. 

  

	3.	When executed and delivered by the Company, this Agreement and any other document or agreement contemplated by this Agreement will constitute a valid and legally binding obligation
of the Company, enforceable in accordance with its terms. 

  

	4.	The execution, delivery and performance of this Agreement and any other document or agreement contemplated by this Agreement by the Company does not: 

  

	 	(a)	violate in any respect the laws and documents incorporating and constituting the Company; 

  

	 	(b)	result in the creation or imposition of any encumbrance on any of its assets pursuant to the provisions of any agreement or other undertaking to which the Company is a party or
which is binding upon it or any of its assets; or 

  

	 	(c)	violate any agreement or other undertaking to which any of the Company is a party or which is binding upon it or any of its assets. 

 SCHEDULE 3 
 FORM OF THE RESOLUTIONS IN WRITING OF MEMBERS OF 
 CHINA SUNERGY CO., LTD. 
 CHINA SUNERGY CO., LTD. (the “Company”) 
 (Incorporated in the Cayman Islands) 
 UNANIMOUS WRITTEN RESOLUTIONS OF MEMBERS OF THE COMPANY DATED MARCH 22, 2007.

  

 The undersigned,
being the legal and beneficial owners of all the issued share capital of the Company, DO HEREBY ADOPT the following resolutions with immediate effect: 
 RESOLVED, AS A SPECIAL RESOLUTION, THAT: 
  

	1.	ADOPTION OF THIRD AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION 

 The existing Second Amended and Restated Memorandum and Articles of Association of the Company be and are hereby replaced in their entirety with a Third Amended and Restated Memorandum and Articles of Association,
attached hereto as Exhibit A. 
  

	2.	REPURCHASE OF SHARES 

 The Agreement entered into
between PraxCapital Fund II, L.P., Exuberance Investment Limited, Gersec Trust Reg., China Environment Fund 2004, LP, as vendors, and the Company as purchaser and the purchase of Series A Preferred Shares and Series B Preferred Shares pursuant to
the terms thereof be and are hereby approved. 
 RESOLVED, AS ORDINARY RESOLUTION, THAT: 
  

	2.	GENERAL AUTHORIZATION 

 Each of the directors of the
Company are hereby severally authorized and directed to take any and all other actions and to execute any other documents that they deem necessary or appropriate to carry out the intent of the foregoing resolutions, and all prior actions taken in
connection therewith are hereby confirmed, ratified and approved. 

							
	SIGNED by	 	)	 		 	
		 	)	 	  

	ELITE SHINE GROUP LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	SMOOTH KING INVESTMENTS LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	BRIGHTEST POWER HOLDINGS LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	TALENT DAY INVESTMENTS LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	LUCK GREAT INVESTMENTS LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	DEUTSCHE BANK AG ACTING	 	)	 	By:	 	
	THROUGH ITS LONDON BRANCH	 	)	 		 	
	in the presence of:	 	)	 	Title:	 	  

							
	SIGNED by	 	)	 		 	
		 	)	 	  

	PRAXCAPITAL FUND II, L.P.	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	EXUBERANCE INVESTMENT LIMITED	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	GERSEC TRUST REG.	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

				
	SIGNED by	 	)	 		 	
		 	)	 	  

	CHINA ENVIRONMENT FUND 2004, LP	 	)	 	By:	 	
	in the presence of:	 	)	 	Title:	 	  

							
	SIGNED by	 	)	 		 	
		 	)	 	  

	OZ MASTER FUND, LTD.	 	)	 	By:	 	Joel M. Frank
	By: OZ Management, L.L.C.	 		 		 	
	its Investment Manager	 		 		 	
	in the presence of:	 	)	 	Title:	 	Chief Financial Officer
				
	SIGNED by	 	)	 		 	
		 	)	 	  

	OZ ASIA MASTER FUND, LTD.	 	)	 	By:	 	Joel M. Frank
	By: OZ Management, L.L.C.	 		 		 	
	its Investment Manager	 		 		 	
	in the presence of:	 	)	 	Title:	 	Chief Financial Officer
				
	SIGNED by	 	)	 		 	
		 	)	 	  

	OZ GLOBAL SPECIAL INVESTMENTS	 		 		 	
	MASTER FUND, L.P.	 	)	 	By:	 	Joel M. Frank
	By: OZ Advisors L.L.C.	 		 		 	
	its General Partner	 		 		 	
	By: Och-Ziff Associates, L.L.C.,	 		 		 	
	its Management Member	 		 		 	
	in the presence of:	 	)	 	Title:	 	Chief Financial Officer
				
	SIGNED by	 	)	 		 	
		 	)	 	  

	CREDIT SUISSE PE ASIA AURORA	 	)	 	By:	 	
	(BVI) LIMITED	 	)	 		 	
	in the presence of:	 	)	 	Title:	 	  

 BEING ALL OF THE SHAREHOLDERS OF THE COMPANY 

 SCHEDULE 4 
 FORM OF BOARD RESOLUTIONS OF CHINA SUNERGY CO., LTD. 
 UNANIMOUS WRITTEN BOARD RESOLUTIONS OF

 CHINA SUNERGY CO., LTD. 
 (THE “COMPANY”) 
  

	1.	DISCLOSURE OF INTERESTS 

 It is noted that the
directors declared their interests in the matters referred to herein that would require disclosure in accordance with the articles of association of the Company. 
  

	2.	SALE AND PURCHASE AGREEMENT 

  

	 	2.1	It was noted that it was proposed that the Company should acquire certain Series A and Series B preferred shares of the Company (the “Sale Shares”) subject to the
terms and conditions of the Sale and Purchase Agreement entered into between PraxCapital Fund II, L.P., Exuberance Investment Limited, Gersec Trust Reg., China Environment Fund 2004, LP, as vendors (the “Vendors”), and the Company
as purchaser (the “Sale and Purchase Agreement”) 

  

	 	2.2	It was noted that as part of the Sale and Purchase Agreement, the following share transfers would be done: 

  

	 	(a)	a share transfer (“Transfer 1”) in respect of 48,238 Series A Preferred Shares of the Company from PraxCapital Fund II, L.P. as the transferor to the Company
as the transferee; 

  

	 	(b)	a share transfer (“Transfer 2”) in respect of 72,079 Series B Preferred Shares of the Company from Exuberance Investment Limited as the transferor to the Company as
the transferee; 

  

	 	(c)	a share transfer (“Transfer 3”) in respect of 8,009 Series B Preferred Shares of the Company from Gersec Trust Reg. as the transferor to the Company as the
transferee; 

  

	 	(j)	a share transfer (“Transfer 4”) in respect of 9,610 Series B Preferred Shares of the Company from China Environment Fund 2004, LP as the transferor to the Company
as the transferee; 

  

	 	2.3	It was noted that, pursuant to the Sale and Purchase Agreement, the Vendors have each undertaken to the Company that they shall deliver to the Company as soon as reasonably
practicable following the Completion (as defined therein) and in any event not later than fifteen days after the Completion, the share certificates in respect of all the Sale Shares owned by them, respectively. 

  

	3.	RESOLUTIONS 

 RESOLVED THAT: 
  

	 	(a)	the acquisition of the Sale Shares would be in the best interests and commercial benefit of the Company and such acquisition be and the same is hereby approved;

	 	(b)	the form and substance of the Sale and Purchase Agreement, attached hereto as Exhibit A, be and is hereby approved; 

  

	 	(c)	any one Director of the Company (a “Director”) be and is hereby authorised to sign for and on behalf of the Company the Sale and Purchase Agreement and the share
transfer forms (if necessary) for the Transfers 1 through 4; 

  

	 	(d)	any one Director be and is hereby authorised to sign any further documents incidental or ancillary to or in connection with each of the documents referred to above, and such further
documents as he considers necessary, desirable or incidental to transactions contemplated by the Sale and Purchase Agreement. 

 (Signature page to follow) 

 IN WITNESS WHEREOF, the undersigned Directors have caused these written resolutions to be executed as of the date first
written above: 
 Dated as of March 22, 2007. 
  

	
	 /s/

	Tingxiu Lu
	
	 /s/

	Jianhua Zhao
	
	 /s/

	Guangyou Yin
	
	 /s/

	Fengming Zhang
	
	 /s/

	Shiliang Guo
	
	 /s/

	Hongjian Guo
	
	 /s/

	Jeff Yao
	
	 /s/

	Mark Qiu

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