Document:

6% Subordinated Note due 2008  issued to Blue Lake Rancheria

 Exhibit 10.1 
 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE
REGISTRATION REQUIREMENTS UNDER SUCH ACT OR AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA. 
 PROMISSORY NOTE 
 MERCER STAFFING,
INC. 
 6% Subordinated Note Due 2008 
  

			
	 $1,290,000
	  	March 1, 2005

 MERCER STAFFING, INC. (“MSI”), for value received, promises to pay to
Blue Lake Rancheria or its registered assigns (the “Noteholder”) on March 31, 2008 (the “Maturity Date”), the principal amount of ONE MILLION TWO HUNDRED NINETY THOUSAND DOLLARS ($1,290,000.00), and to
pay interest (calculated on the basis of a year of three hundred sixty (360) days comprised of twelve (12) months of thirty (30) days each) in cash on the principal amount hereof for the period from and including the date of issuance
hereof to and including the date of the repayment hereof in full at a rate per annum equal to six percent (6%), payable quarterly provided MSI is in compliance with all the terms and conditions set forth in the Loan and Security Agreement dated
Security Agreement, dated February 28, 2005 among Bridge Healthcare Finance, LLC, Bridge Opportunity Finance, LLC (“Senior Lenders”), MSI and its subsidiaries. Such terms and conditions are set forth in the executed subordination
agreement which shall be incorporated herein by reference. 
 Payment of principal of, interest on this Note, and all other amounts payable
hereunder or under shall be made in Dollars in immediately available funds, at the place and time and in the manner to be specified. 
 This
Note and the Indebtedness evidenced hereby constitute Subordinated Indebtedness and are subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness, as set forth in the Subordination Agreement dated
February 28, 2005 with Senior Lenders, the Noteholder, MSI and its subsidiaries 
 This Note is subject to the optional prepayment by
MSI prior to the Maturity Date provided subject to the terms of the Subordination Agreement (“Subordination Agreement”). 
 This
Note is registered on the books of MSI and is transferable only as provided in the Subordination Agreement executed with Lender. 
  

 41 

 This Note shall be governed by, and construed and interpreted in accordance with, the laws of the
Commonwealth of Pennsylvania, without giving effect to principles of conflict of laws. 
 * * * * * * * 
 IN WITNESS WHEREOF, this Note has been duly executed and delivered by MSI’s officer as of the date and at the place first written above.

  
  

			
	MERCER STAFFING, INC.
		
	By:	 	 /s/ Michael Traina

	Name:	 	Michael Traina
	Title:	 	CEO

  

 42Form of Employment Agreement

 Exhibit 10.3 
 EMPLOYMENT AGREEMENT 
 BETWEEN 
 CHINA SUNERGY CO., LTD. 
 AND 
                                       
                                        
                                        
                                        
                                        
                        
                                       
                                        
                                        
                                        
                                        
                                  
 Dated                               
                                       
                                        
                                        
                                        
                                        
                                  

 OFFSHORE EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of
                            , is entered into by and between CHINA SUNERGY CO., LTD., a company
organized and existing under the laws of the Cayman Islands (the “Company”), and                     
(“Executive”), and shall become effective as of the date hereof (the “Effective Date”). 
 WHEREAS, the
Company desires to employ Executive and to enter into an agreement embodying the terms of such employment on and after the Effective Date and considers it essential to its best interests and the best interests of its shareholders to foster the
employment of Executive by the Company during the term of this Agreement; and 
 WHEREAS, Executive desires and is willing to enter into such
employment with the Company and to enter into this Agreement; and 
 NOW, THEREFORE, in consideration of the premises and mutual covenants
herein and for other good and valuable consideration, the parties hereby agree as follows: 
 1. Definitions. For the purposes of this
Agreement: 
 “Group” means the Company and any company which is for the time being and from time to time, the holding
company, parent, subsidiary or Affiliate of the Company. 
 “Affiliate” of a Person (the “Subject Person”)
means any other Person directly or indirectly controlling, controlled by or under common control with the Subject Person, where “control” means the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and includes (a) ownership directly or indirectly of 50% or more of the shares in issue or other equity interests of such
Person, (b) possession directly or indirectly of 50% or more of the voting power of such Person or (c) the power directly or indirectly to appoint a majority of the members of the board of directors or similar governing body of such
Person, and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Person”, for the purpose of this Agreement, means an individual, corporation, joint venture, enterprise, partnership, trust, unincorporated association, limited liability company, government or any department or agency
thereof, or any other entity. 
 2. Term of Employment. Subject to the
provisions of Section 8 of this Agreement, this Agreement shall be effective for a period commencing on the Effective Date and ending on the day immediately preceding the fifth (5th) anniversary of the Effective Date (the “Initial Term”); provided, however, that such term shall be automatically extended for
successive twelve (12) month periods unless, no later than sixty (60) days prior to the expiration of the Initial Term or any extension thereof, either party hereto shall provide written notice to the other party hereto of its or his
desire not to extend the term hereof (the Initial Term together with any extension shall be referred to hereinafter as the “Employment Term”). 

 3. Position. 
 (a) Executive shall serve as the                      of the Company. In such position, Executive shall have
such duties and authority as shall be determined from time to time by the Board of Directors of the Company (the “Board”). Executive shall report to the Board. 
 (b) During the Employment Term, Executive will devote his business time and best efforts to the performance of his duties hereunder and will not engage
in any other business, profession or occupation for compensation or otherwise which would conflict with the rendition of such services either directly or indirectly, without the prior written consent of the Board. 
 4. Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) at the annual rate
of [$            ], payable in regular installments in accordance with the Company’s usual payroll practices. The Board may from time to time review and increase the Base Salary
in its sole discretion. During the Employment Term, the Executive shall be eligible for any bonus program approved by the Board for the benefit of the senior executives of the Company; provided however, that the foregoing shall not
create any presumption that a bonus will actually be granted by the Company to the Executive. 
 5. Employee Benefits. During the
Employment Term, Executive shall be provided with benefits on the same basis as benefits are generally made available to other senior executives of the Company. 
 6. Vacation. Executive shall be entitled to four (4) weeks annual paid vacation in accordance with the vacation accrual policy of the Company. 
 7. Business Expenses. During the Employment Term, reasonable business expenses incurred by Executive in the performance of his duties hereunder
shall be reimbursed by the Company in accordance with Company policies. 
 8. Termination. Notwithstanding any other provision of this
Agreement: 
 (a) For Cause by the Company. The Employment Term, and Executive’s employment hereunder, may be terminated at any
time by the Company for “Cause” (as defined below) upon delivery of a “Notice of Termination” (as defined in Section 8(e)) by the Company to Executive. For purposes of this Agreement, “Cause” shall mean, in
each case, as reasonably determined by the Board: (i) conviction of, or entry of a pleading of guilty or no contest by, Executive with respect to a felony or any lesser crime of which fraud or dishonesty is a material element;
(ii) Executive’s willful dishonesty towards the Company; (iii) Executive’s willful and continued failure to perform substantially all of his duties with the Company, or a failure to follow the lawful direction of the Board after
the Board delivers a written demand for substantial performance and Executive neglects to cure such a failure to the reasonable 

 
satisfaction of the Board within fifteen (15) days following receipt of such written demand; (iv) Executive’s material, knowing and
intentional failure to comply with applicable laws with respect to the execution of the Company’s business operations or his material breach of this Agreement; (v) Executive’s theft, fraud, embezzlement, dishonesty or similar conduct
which has resulted or is likely to result in material damage to the Company or any of its affiliates or subsidiaries; or (vi) Executive’s habitual intoxication or continued abuse of illegal drugs which materially interferes with
Executive’s ability to perform his assigned duties and responsibilities. 
 If Executive is terminated for Cause pursuant to this
Section 8(a), he shall be entitled to receive only his Base Salary and authorized benefits through the date of termination and he shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under
this Agreement. All other benefits, if any, due to the Executive following Executive’s termination of employment for Cause pursuant to this Section 8(a) shall be determined in accordance with the plans, policies and practices of the
Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 
 (b) Disability or Death. The Employment Term, and Executive’s employment hereunder, shall terminate immediately upon his death or following delivery of a Notice of Termination by the Company to Executive if Executive becomes
physically or mentally incapacitated and is therefore unable for a period of ninety (90) consecutive days or one hundred twenty (120) days during any consecutive six (6) month period to perform his duties with substantially the same
level of quality as immediately prior to such incapacity (such incapacity is hereinafter referred to as “Disability”). Upon termination of Executive’s employment hereunder for either Disability or death, Executive or
Executive’s estate (as the case may be) shall be entitled to receive his Base Salary through the date of termination and any earned but unpaid Bonus for any calendar year preceding the year in which the termination occurs. Executive or
Executive’s estate (as the case may be) shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s
termination for Disability or death shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive (or his estate, as the case may be) shall not participate in any severance plan, policy or
program of the Company. 
 (c) Without Cause by the Company or for Good Reason by
Executive. The Employment Term, and Executive’s employment hereunder, may be terminated by the Company without Cause (other than by reason of Executive’s Disability) or by Executive for “Good Reason” (as defined below)
following the delivery of a Notice of Termination to the other party. If Executive’s employment is terminated by the Company without Cause (other than by reason of Disability) or by Executive for Good Reason, Executive shall receive, within
thirty (30) days following termination, a lump sum payment of (i) any earned but unpaid Base Salary through the date of termination and (ii) any earned but unpaid Bonus for any calendar year preceding the year in which the termination
occurs. In addition, subject to Executive’s compliance with Sections 9, 10 and 11, Executive shall continue to receive in bi-weekly installments the Base Salary Executive would have otherwise received through the first (1st) anniversary of the date of termination in the case of termination by the Company without Cause, or through the sixth
(6th) month anniversary of the date of termination in the case of termination 

 
by Executive for Good Reason; provided, however, that if necessary to avoid additional or accelerated taxation pursuant to Section 409A of the
Code, Executive will receive the first twelve (12) installments of the foregoing payments on the six-month anniversary of the date of his termination in a lump sum payment and the remainder of such payments, if any, shall thereafter be paid in
bi-weekly installments through the first anniversary of the date of termination. Executive shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any,
due Executive following a termination pursuant to this Section 8(c) shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy
or program of the Company. If Executive’s employment is terminated pursuant to this Section 8(c), the continued payment of Base Salary shall be subject to Employee’s execution of a release in favor of the Company, its affiliates and
their respective officers, directors and employees in such form as may be required by the Company. 
 For purposes of this Agreement,
“Good Reason” means: 
 (i) Any failure by the Company to comply with any of the material provisions of this Agreement,
other than an isolated, insubstantial and inadvertent failure not occurring in bad faith; 
 (ii) any change in the duties or
responsibilities (including reporting responsibilities) of Executive that is inconsistent in any material and adverse respect with Executive’s position(s), duties or responsibilities with the Company (including any material and adverse
diminution of such duties or responsibilities); provided, however, that Good Reason shall not be deemed to occur upon a change in duties or responsibilities (other than reporting responsibilities) that is solely and directly a result
of any event set forth in Section 8(a), (b) or (d); or 
 (iii) any failure by the Company to comply with the provisions of
Section 4 of this Agreement; 
 provided that a termination by Executive with Good Reason shall be effective only if, within thirty (30) days
following the delivery of a Notice of Termination for Good Reason by Executive to the Company, the Company has failed to cure the circumstances giving rise to Good Reason. 
 (d) Termination by Executive without Good Reason. The Employment Term, and Executive’s employment hereunder, may be terminated by Executive
without Good Reason following the delivery of a Notice of Termination to the Company. Upon a termination by Executive pursuant to this Section 8(d), Executive shall be entitled to his Base Salary up to the date of such termination and he shall
have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due Executive following termination pursuant to this Section 8(d) shall be determined in
accordance with the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 

 (e) Notice of Termination. Any purported termination of employment by the Company or Executive
(other than on account of the death of Executive) shall be communicated by a written Notice of Termination to Executive or the Company, respectively, delivered in accordance with Section 14(j) hereof. For purposes of this Agreement, a
“Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon, the date of termination, and shall set forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of employment under the provision so indicated. The date of termination of Executive’s employment shall be the date so stated in the Notice of Termination and shall be no less than thirty (30) days
following the delivery of a Notice of Termination; except that in the case of a termination by the Company for Cause in accordance with the terms of Section 8(a) hereof, in which case the date of termination of Executive’s
employment may be, at the sole discretion of the Company, be the same date as the delivery of the Notice of Termination. 
 9.
Non-Competition/Non-Solicitation. 
 (a) Executive acknowledges and recognizes the highly competitive nature of the
“Business” (as defined below) of the Company and its subsidiaries and affiliates and accordingly agrees as follows: 
 (i) (A) The
term “Business” means the manufacturing, whether directly by the Company or through its various subsidiaries or Affiliates (including without limitation NJPV), of photovoltaic cells and such other related business activities as the
Company may engage in from time to time; (B) the Business is conducted primarily in the People’s Republic of China (“China” or the “PRC”); (C) Executive has intimate and valuable knowledge of the
Business, as well as technical, financial, customer, supplier and other confidential information related to the Business, which, if exploited by Executive in contravention of the terms of this Agreement, would seriously, adversely and irreparably
affect the ability of the Company to continue the Business; (D) the agreements and covenants contained in this Agreement, as they relate to the Business and otherwise, have been determined by the Company to be essential to protect the Business
and goodwill of the Company; (E) for purposes of this Section 9, the Company shall be construed to include the Company and its subsidiaries and affiliates; and (F) Executive has the means to support himself and his dependents other
than by engaging in the Business, and the provisions of this Agreement will not impair such ability in any manner whatsoever. 
 (ii) During
the Employment Term and until the third anniversary of the date Executive ceases to be employed by the Company (the “Restricted Period”), Executive will not directly or indirectly, (A) engage in the Business for
Executive’s own account in China, (B) enter the employ of, or render any services to, any Person engaged in the Business in the PRC or (C) acquire a financial interest in, or otherwise become actively involved with, any person engaged
in the Business in the PRC, directly or indirectly (and whether or not for compensation), as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant, or (D) interfere with business relationships (whether
formed before or after the Effective Date) between the Company and customers or suppliers of, or consultants to, the Company. 

 (iii) Notwithstanding anything to the contrary in this Agreement, Executive may, directly or indirectly,
own, solely through passive ownership as a portfolio investment (with no director designation rights or other special governance rights), securities of any person engaged in the Business which are publicly traded on a national or regional stock
exchange or on the over-the-counter market if Executive (A) is not a controlling person of, or a member of a group which controls, such person and (B) does not, directly or indirectly, own 1% or more of any class of securities of such
person. 
 (iv) During the Restricted Period, Executive will not, directly or indirectly, solicit or encourage to cease to work with the
Company, or directly or indirectly hire, any person who is an employee of or consultant then under contract with the Company or who was an employee of or consultant then under contract with the Company within the one year preceding such activity
without the Company’s written consent. 
 (b) It is expressly understood and agreed that although Executive and the Company consider
the restrictions contained in this Section 9 to be reasonable, if a judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable
restriction against Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be
enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the
enforceability of any of the other restrictions contained herein. 
 10. Nondisparagement. Executive agrees (whether during or after
Executive’s employment with the Company) not to issue, circulate, publish or utter any false or disparaging statements, remarks or rumors about the Company or its affiliates or the officers, directors, managers or shareholders of the Company or
its affiliates unless giving truthful testimony under subpoena. 
 11. Confidentiality. Executive shall not, without the prior written
consent of the Company, use, divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity, any “Confidential Information” (as defined below) except while employed by the Company, in furtherance
of the business of and for the benefit of the Company or its affiliates; provided that Executive may disclose such information when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over
the business of the Company and/or its affiliates, as the case may be, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Executive to divulge, disclose or make accessible such information;
provided, further, that in the event that Executive is ordered by a court or other government agency to disclose any Confidential Information or Personal Information, Executive shall (i) promptly notify the Company of such order, (ii) at
the written request of the Company, diligently contest such order at the sole expense of the Company as expenses occur, and (iii) at the written request of the Company, seek to obtain, at the sole expense of the Company, such confidential
treatment as may be available under applicable laws for any information disclosed under such order. For purposes of this Section 11, “Confidential Information” shall mean non-public information 

 
concerning the financial data, strategic business plans, product development (or other proprietary product data), customer lists, marketing plans and other
non-public, proprietary and confidential information relating to the business of the Company or its subsidiaries, affiliates or customers, that, in any case, is not otherwise available to the public (other than by Executive’s breach of the
terms hereof). Upon termination of Executive’s employment with the Company and its affiliates, Executive shall return all Company property, including, without limitation, files, records, disks and any media containing Confidential Information,
including all copies thereto. 
 12. Assignment of Inventions. 
 (a) Exhibit A hereto lists all inventions, original works of authorship, developments, improvements, and trade secrets which were made by the
Executive prior to his employment with the Company (collectively referred to as “Prior Inventions”), which belong to the Executive, which relate to the Company’s Business, products or research and development, and which are not
assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. 
 (b)
If in the course of his employment with the Company, the Executive incorporates into a product, process or machine of the Company and/or any other member of the Group a Prior Invention owned by him or in which he have an interest, the Company and/or
any member of the Group is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in connection with such product, process or
machine. 
 (c) The Executive shall promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit
of the Company, and hereby assign, free or charge, to the Company, or its designee, all the right, title, and interest he may have in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs,
discoveries, ideas, trademarks or trade secrets, processes, copyright works, know-how, Confidential Information, any other work’s information or matter which gives rise or may give rise to any intellectual property of whatsoever nature, whether
or not patentable or registrable under any law of any country, which he may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during his employment with the Company
(collectively referred to as “Inventions”), except as provided in Section 12(j) below. 
 (d) The Executive
acknowledges that the Company, or its designee, has the absolute title, right or interest in and to any and all original inventions or works of authorship which are made by him, as an employee, (solely or jointly with others) within the scope of and
during the period of the employment with the Company and which inventions and works are the “service invention-creation” and “works made for hire” as defined under applicable law. If any one or more of the aforementioned
Inventions can be protected by copyright and are not considered to be “service invention-creation” or “works made for hire” as defined under applicable law, such items shall be deemed to be assigned and transferred completely and
exclusively to the Company, or its designee, by virtue of the execution of this Agreement by the Executive. 

 (e) The Executive acknowledges that the decision whether or not to commercialize or market any invention
developed by him solely or jointly with others is within the Company’ sole discretion and for the sole benefit of the Company and/or any other member of the Group, and that no royalty will be due to the Executive as a result of the
Company’s efforts (or the efforts of any member of the Group) to commercialize or market any such Invention. 
 (f) The Executive shall
keep and maintain adequate and current written records of all Inventions made by him (solely or jointly with others) during the term of his employment with the Company. The records will be in the form of notes, sketches, drawings, and any other
format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times. 
 (g) The Executive shall assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s (or its designee’s) rights in the Inventions and any copyrights, patents, mask work rights or
other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments
and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to its successors, assigns, and nominees the sole and exclusive rights, title and interest in and to such
Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto, and to do all other things reasonably requested by the Company, or its designee, (both during and after the term of this Agreement) in
order to vest more fully in the Company, or its designee, all ownership rights in the Inventions. 
 (h) If the Company is unable because of
the Executive’s mental or physical incapacity or for any other reason to secure his signature to apply for or to pursue any application for any United States, PRC or foreign patents or copyright registrations covering Inventions or original
works of authorship assigned to the Company as set forth above, the Executive hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as his agent and attorney in fact, to act for and in his behalf and
stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by the
Executive. 
 (i) With respect to Inventions that are not considered as “service invention-creation” or “works made for
hire” under applicable law, to the extent that any application, registration or other governmental processes may be required in order to protect the Company’s, or its designee’s ownership of any Inventions, the Executive hereby grants
the Company, or its designee, an irrevocable power of attorney to execute all documents and do all acts in his name as the Company, or its designee, may deem necessary or advisable to effect such processes and agrees to diligently and faithfully
assist the Company, or its designee, in effecting such processes. 
 (j) Any assignment of any Inventions under this Agreement includes all
rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under
applicable law and to the extent the following is allowed by the laws in the various countries where such Moral Rights exist, the Executive hereby waives such Moral Rights and consent to any action of the Company, or its designee, that would violate
such Moral Rights in the absence of such consent. The Executive hereby covenants to confirm any such waivers and consents from time to time as requested by the Company, or its designee. 

 (k) In respect of any inventions which are not Inventions but which relate to the business of the
Company or Group, the Company or any member of the Group shall have a pre-emptive right to acquire for itself or its nominee all or any part (at the Company’s option) of the Executive’s rights therein within three (3) months of their
disclosure by the Executive to the Company under Section 12(c) above on such terms as shall be agreed by the Company and Executive. In the event that the Company or any member of the Group decides not to acquire such inventions, the Executive
hereby grants to the Company, a perpetual, worldwide, irrevocable, royalty-free, fully paid-up, exclusive license to use for any and all purposes and in any manner any such other inventions that are within the scope of the actual and anticipated
business of the Company or the Group. 
 13. Enforcement of Restrictive Covenants. Executive acknowledges and agrees that the
Company’s remedies at law for a breach or threatened breach of any of the provisions of Sections 9, 10, 11 or 12 herein would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened
breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other
equitable remedy which may then be available. In addition, upon a violation by Executive of Section 9, 10, 11 or 12, as determined in good faith by the Board, all payments remaining due to Executive pursuant to Section 8(c), if applicable,
shall immediately cease. 
 14. Miscellaneous. 
 (a) Acceptance. Executive hereby represents that his performance and execution of this Agreement does not and will not constitute a breach of any agreement or arrangement to which he is a party or is otherwise
bound, including, without limitation, any noncompetition or employment agreement. 
 (b) GOVERNING LAW; CONSENT TO JURISDICTION. THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK OF THE UNITED STATES OF AMERICA APPLICABLE TO AGREEMENTS MADE AND TO BE WHOLLY PERFORMED WITHIN THAT STATE, WITHOUT REGARD TO THE CONFLICT OF LAWS
PROVISIONS OF ANY JURISDICTION WHICH WOULD CAUSE THE APPLICATION OF ANY LAW OTHER THAN THAT OF THE STATE OF NEW YORK. ANY ACTION TO ENFORCE THIS AGREEMENT AND/OR THE EXHIBITS HERETO (OTHER THAN AN ACTION WHICH MUST BE BROUGHT BY ARBITRATION PURSUANT
TO SECTION 14(d)) MUST BE BROUGHT IN, AND THE PARTIES HEREBY CONSENT TO THE JURISDICTION OF, A COURT SITUATED IN NEW YORK COUNTY, NEW YORK. EACH PARTY HEREBY WAIVES THE RIGHTS TO CLAIM THAT ANY SUCH COURT IS AN INCONVENIENT FORUM FOR THE RESOLUTION
OF ANY SUCH ACTION. 

 (c) JURY TRIAL WAIVER. THE PARTIES EXPRESSLY AND KNOWINGLY WAIVE ANY RIGHT TO A JURY TRIAL IN THE
EVENT ANY ACTION ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT OR EXECUTIVE’S EMPLOYMENT WITH THE COMPANY IS LITIGATED OR HEARD IN ANY COURT. 
 (d) Arbitration; Legal Fees. Except to the extent contemplated by Section 13, any dispute, controversy or other claim arising out of or relating to (i) this Agreement, or (ii) Executive’s
employment with the Company shall be resolved by binding confidential arbitration before a single arbitrator, to be held in New York, New York in accordance with the Commercial Arbitration Rules of the American Arbitration Association. Judgment upon
the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Each party shall be responsible for its own expenses relating to the conduct of the arbitration or litigation (including reasonable attorneys’ fees
and expenses) and shall share the fees of the American Arbitration Association and the arbitrator, if applicable, equally. 
 (e) Entire
Agreement/Effectiveness of this Agreement. This Agreement constitutes the entire agreement between the parties as of the Effective Date and supersedes all previous agreements and understandings between the parties with respect to the subject
matter thereof. Executive hereby acknowledges and agrees that the Prior Employment Agreement shall terminate as of immediately prior to the Effective Date and Executive shall have no further rights thereunder and the Company and its affiliates shall
have no further obligations thereunder. 
 (f) Amendments. There are no restrictions, agreements, promises, warranties, covenants or
undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Sections 9,
10, 11, 12 and 13 survive the termination of this Agreement and the termination of Executive’s employment with the Company, except as otherwise specifically stated therein. 
 (g) No Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a
waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 
 (h) Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, each such provision shall be processed with whatever
deletion or modification is necessary so that the provision is otherwise legal, valid and enforceable and gives effect to the commercial intention of the parties. To the extent it is not possible to delete or modify the provision, in whole or in
part, then such provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part of this Agreement and the validity, legality and enforceability of the remaining provisions of this Agreement
shall, subject to any deletion or modification made hereunder, not be affected. 

 (i) Assignment. Executive shall not have the right to assign his interest in this Agreement, any
rights under this Agreement or any duties imposed under this Agreement. This Agreement may be assigned by the Company to any successor in interest to substantially all of the business operations of the Company. Such assignment shall become effective
when the Company notifies Executive of such assignment or at such later date as may be specified in such notice. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such successor
company. 
 (j) Notice. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall
be in writing and shall be deemed to have been duly given if delivered personally, if delivered by overnight courier service, if sent by facsimile transmission or if mailed by registered mail, return receipt requested, postage prepaid, addressed to
the respective addresses or sent via facsimile to the respective facsimile numbers, as the case may be, as set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that
notice of change of address shall be effective only upon receipt; provided, however, that (i) notices sent by personal delivery or overnight courier shall be deemed given when delivered; (ii) notices sent by facsimile transmission shall be
deemed given upon the sender’s receipt of confirmation of complete transmission, and (iii) notices sent by United States registered mail shall be deemed given seven (7) days after the date of deposit in the United States mail.

  

					
		 	If to Executive, to:	 	
			
		 	If to the Company, to:	 	
			
		 	123 Focheng West Road	 	
		 	Jiangning Economic & Technical Development Zone
		 	Nanjing, PRC 211100	 	
		 	Facsimile: +86 (25) 5276-6882	 	
		 	Attention: Lu Tingxiu	 	
			
		 	with a copy to:	 	
			
		 	Latham & Watkins LLP	 	
		 	41/F One Exchange Square	 	
		 	8 Connaught Place, Central	 	
		 	Facsimile: (852) 2522-7006	 	
		 	Attention: David T. Zhang	 	

 (k) Withholding Taxes. The Company may withhold from any amounts payable under this
Agreement such Federal, state, local and foreign taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 (l) Continuation of Employment. Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment “at
will” and shall not be deemed to extend any of the provisions of this Agreement, and Executive’s employment may thereafter be terminated at will by Executive or the Company. 

 (m) Counterparts. This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	 EXECUTIVE

	
	  

	
	CHINA SUNERGY CO., LTD.
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 EXHIBIT A 
 Prior Inventions 

 Schedule 
  

									
	 No.
	  	 Date of Agreement
	  	 Senior Executive
Officer
	  	 Position
	  	 Prior Inventions

	 1
	  	October 25, 2006	  	Tingxiu Lu	  	Chief Executive Officer	  	None
					
	 2
	  	October 25, 2006	  	Jianhua Zhao	  	President and Chief Scientist	  	Screen printed p-type silicon solar cell manufacturing technology, involving the standard steps of texturing etch, phosphorus diffusion, edge isolation plasma etch, PECVD SiNx deposition, screen
printing front and rear Ag and Al contact metal, firing the pastes, testing, sorting and packing.
					
	 3
	  	October 25, 2006	  	Guangyou Yin	  	Vice President - Operations	  	None
					
	 4
	  	October 25, 2006	  	Fengming Zhang	  	Vice President - Manufacturing	  	None
					
	 5
	  	October 25, 2006	  	Aihua Wang	  	Vice President - Research and Development	  	Screen printed p-type silicon solar cell manufacturing technology, involving the standard steps of texturing etch, phosphorus diffusion, edge isolation plasma etch, PECVD SiNx deposition, screen
printing front and rear Ag and Al contact metal, firing the pastes, testing, sorting and packing.
					
	 6
	  	 October 25, 2006
	  	Chengrong Xu	  	Vice President - Administration and Human Resources	  	None
					
	 7
	  	October 25, 2006	  	Xiaodong Chen	  	Vice President - Financing and Investor Relations	  	None
					
	 8
	  	January 8, 2007	  	Shaofeng Qi	  	Chief Financial Officer	  	None
					
	 9
	  	January 15, 2007	  	Yumin Gu	  	Vice President - Sales and Purchasing	  	None

 English Translation 
 EMPLOYMENT AGREEMENT 
 BETWEEN 
 CEEG (Nanjing) PV-Tech Co., Ltd. 
 AND 
                                       
                                        
                                        
                                        
                                        
                        
                                       
                                        
                                        
                                        
                                        
                                 
 Dated October 23, 2006 
                                       
                                        
                                        
                                        
                                        
                                 

 THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of October 23, 2006, is
entered into by and between CEEG (Nanjing) PV-Tech Co., Ltd., a limited liability company incorporated in Nanjing, Jiangsu Province and existing under the laws of the People’s Republic of China (the “Company”), and
                     (“Executive”), and shall become effective as of the date hereof (the “Effective Date”).

 WHEREAS, the Company desires to employ Executive and to enter into an agreement embodying the terms of such employment on and after the
Effective Date; and 
 WHEREAS, Executive desires and is willing to enter into such employment with the Company and to enter into this
Agreement; and 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration,
the parties hereby agree as follows: 
 1. Definitions. For the purposes of this Agreement: 
 “Group” means the Company and any company which is for the time being and from time to time, the holding company, parent, subsidiary or
Affiliate of the Company. 
 “Affiliate” of a Person (the “Subject Person”) means any other Person directly
or indirectly controlling, controlled by or under common control with the Subject Person, where “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
a Person, whether through the ownership of voting securities, by contract or otherwise, and includes (a) ownership directly or indirectly of 50% or more of the shares in issue or other equity interests of such Person, (b) possession
directly or indirectly of 50% or more of the voting power of such Person or (c) the power directly or indirectly to appoint a majority of the members of the board of directors or similar governing body of such Person, and the terms
“controlling” and “controlled” have meanings correlative to the foregoing. 
 “Person”,
for the purpose of this Agreement, means an individual, corporation, joint venture, enterprise, partnership, trust, unincorporated association, limited liability company, government or any department or agency thereof, or any other entity.

 2. Term of Employment. Subject to the provisions of Section 8 of this
Agreement, this Agreement shall be effective for a period commencing on the Effective Date and ending on the day immediately preceding the fifth (5th) anniversary of the Effective Date (the “Initial Term”); provided, however, that such term shall be automatically extended for successive twelve (12) month periods unless,
no later than sixty (60) days prior to the expiration of the Initial Term or any extension thereof, either party hereto shall provide written notice to the other party hereto of its or his desire not to extend the term hereof (the Initial Term
together with any extension shall be referred to hereinafter as the “Employment Term”). 

 3. Position. 
 (a) Executive shall serve as the                      of the Company. In such position, Executive shall have
such duties and authority as shall be determined from time to time by the Board of Directors of the Company (the “Board”). Executive shall report to the Board. 
 (b) During the Employment Term, Executive will devote his business time and best efforts to the performance of his duties hereunder and will not engage
in any other business, profession or occupation for compensation or otherwise which would conflict with the rendition of such services either directly or indirectly, without the prior written consent of the Board. 
 4. Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) at the annual rate
of                     , payable in regular installments in accordance with the Company’s usual payroll practices. The Board may from
time to time review and increase the Base Salary in its sole discretion. During the Employment Term, the Executive shall be eligible for any bonus program approved by the Board for the benefit of the senior executives of the Company; provided
however, that the foregoing shall not create any presumption that a bonus will actually be granted by the Company to the Executive. 
 5. Employee Benefits. During the Employment Term, Executive shall be provided with benefits on the same basis as benefits are generally made available to other senior executives of the Company. 
 6. Vacation. Executive shall be entitled to four (4) weeks annual paid vacation in accordance with the vacation accrual policy of the
Company. 
 7. Business Expenses. During the Employment Term, reasonable business expenses incurred by Executive in the performance of
his duties hereunder shall be reimbursed by the Company in accordance with Company policies. But the same expenses can only be reimbursed once with in the Group. 
 8. Termination. 
 (a) In any of the following circumstances, the Company is entitled to terminate
this Agreement by 30 day prior written notice to the Executive: 
 (i) The Executive is unable, due to a non-job-related illness or injury,
to perform the Executive’s original job functions or the functions of a new job assigned by Company, even after medical treatment thereof; 
 (ii) The Executive is not capable, after training, of performing her originally assigned job functions or a newly assigned job; 
 (iii) The basis upon which this Agreement was signed has changed substantially so that it is not possible to continue to carry out this Agreement as originally intended and, after consultations, Company and the Executive fail to agree as to
how to amend this Agreement; 
  

 2 

 (iv) Any other reason lawful under PRC laws and regulations. 
 (b) In any of the following circumstances, the Company is entitled to terminate this Agreement “for cause”, without prior notice or paying
economic compensation: 
 (i) The Executive has seriously violated PRC laws or regulations or the Company policies or rules; 
 (ii) the Executive has profited illegally from or otherwise abused his/her position; 
 (iii) the Executive has caused material damage to Company’s reputation or interests; 
 (iv) the Executive has been convicted of a crime; or 
 (v) Any other reason lawful under PRC laws and regulations. 
 (c) The Executive is entitled to terminate
this Agreement by 30 day prior written notice to the Company. 
 (d) In any of the following circumstances, the Executive is entitled to
terminate this Agreement without prior notice: 
 (i) The Company forces the Executive to work by violence, threats or illegal restraint to
the Executive’s personal freedom; or 
 (ii) The Company has failed to pay the Executive according to this Agreement or provide safe
work conditions. 
 (e) Unless otherwise provided herein, Section 9, 10, 11, 12 and 13 hereof shall survive the termination of the
employment between the Executive and the Company. 
 9. Non-Competition/Non-Solicitation. 
 (a) In consideration of the Company’s employment of the Executive and paying salary to the Executive in accordance with Chinese laws, to the most
extent permissible by the applicable law, the Executive undertakes not to or allows his affiliates to obtain practical interest or position in any person, company, enterprise, partnership organization or other entities that compete with the Company
or provide any consulting service or other assistance to such person, company, enterprise, partnership organization or other entities within his or her service in the Company or 3 years after leaving the Company. The Executive also undertakes not to
or allow his affiliates to independently operate any business that competes with the Company within his or her service in the Company or 3 years after leaving the Company. Notwithstanding the above provisions, the executive shall not or allow his
affiliates to (x) independently operate the same or similar businesses that compete with the business of the Company; (y) accept or obtain any practical interest or position in any person, company, enterprise, partnership organization or
other entities that compete with the Company; or (z) in 

  

 3 

 
any form cause competition with the business of the Company within his or her service in the Company or 3 years after leaving the Company. In the agreement,
any affiliate of any person or entity shall include (i) any type of organizations where the person or entity serves as executive, director or partner or holds, directly or indirectly, 10% or more practical interest; (ii) any trust or other
properties of which the person or entity has significant interest or acts as trustee (or similar position), and (iii) any relative, spouse or the relatives thereof who live together with the person or who serve as director or executive in the
above mentioned entities or its parent company or subsidiaries. In the section, “business of the Company” includes any business which accounts for at no less than 30% of the turnover or total profit of the Company within 6 months before
the termination of employment. The Executive shall perform all other duties within the framework of relative laws and regulations of China that is then effective even though the above obligations are not executable under the laws and regulations of
China that is then effective. If the Company shall pay consideration according to the relative laws and regulations of China that is then effective, the Company may select to pay in accordance with the lowest standard as stipulated by the relative
laws and regulations of China that is then effective. 
 Without prejudice to the generality of the above terms, in accordance with the
current effective Jiangsu Labor Contract Ordinance, the Executive shall fulfill all the above-mentioned duties within his or her service in the Company, and under the pre-condition that the Company has paid the Executive annual economic compensation
equivalent to one third of the salary the Executive obtains during the last 12 months when he serves the Company, the Employee shall fulfill all the above-mentioned obligations. The provisions specified in this paragraph shall be amended
automatically according to the amendments to the applicable laws and regulations. 
 (b) The Executive shall not, within his or her service
in the Company or three (3) years after the employment terminates, incite, allure, encourage or facilitate by other means (a) any other executive or employees to terminate the employment with the Company; (b) any consultant,
independent contractor, agent, customer, representative, seller or supplier to terminate their relationship with the Company or the business or employment with other individuals or entities except those actions taken during the performance of his or
her duties within his or her service in the Company. 
 10. Nondisparagement. Executive agrees (whether during or after
Executive’s employment with the Company) not to issue, circulate, publish or utter any false or disparaging statements, remarks or rumors about the Company or its affiliates or the officers, directors, managers or shareholders of the Company or
its affiliates unless giving truthful testimony under subpoena. 
 11. Confidentiality. The Employee agrees not to disclose directly
or indirectly to any person, company, enterprise, partnership organization or other enterprises any confidential or proprietary information (technical, financial, marketing, etc.)(hereinafter referred to as “Confidential Information”)
related to the Company, its parent company, affiliated company, related company, intra-group companies and any other companies related with the Company in business or contracts (“Related Companies”) in his or her service in the Company or
three (3) years after the employment terminates. In case of (A) use or disclosure of the confidential information in reasonable performance of his or her duties for the Company, and (B) use or disclosure in conformity with the laws
and the legally enforceable orders, the contents disclosed shall be limited to the scope subject to the laws and the legally enforceable orders and the Employee shall inform the Company before use and disclosure for the Company to take appropriate
protective measures. 
  

 4 

 The “Confidential Information” herein refers to any tangible or intangible information or
materials which are the proprietary and confidential information of the Company and the Employee has access to during or due to his or her employment. The above information is regarded as the confidential information whether it is owned or developed
by the Company. 
 The Confidential Information includes but not limited to the information, development, business secret, know-how,
invention (with patent right or not), personnel information, customer information, technical materials, program and regulation system, diagram, experiment notes, testing program, software design and structure, computer data, internal documents,
design and function specification, problem, other report, analysis and performance information, software document, other technologies, business, service, product, market, marketing, plan, strategy, research, finance or other information relating to
the Company or any of its customers, consultants or licensees. 
 The Confidential Information does not include (i) the information or
materials which are already made public before the information or materials are disclosed to the Employee; (ii) the information or materials which are made public not because of the fault of the Employee after the information or materials are
disclosed to the Employee; (iii) the information or materials that is in possession of the Employee when the information or materials are disclosed to the Employee and the Employee does not bear any confidential obligation to the Company;
(iv) the information or materials the Employee obtains through the third party on the premise that any confidential obligations are not violated. 
 Upon the termination of the Employee’s employment or any time the Company may request, the Employee shall deliver to the Company all memos, notes, plans, records, reports, computer tapes, software, other
document, data and all copies thereof relating to the confidential information, intellectual property right (as defined in Section 12(a) below) or the business of the Company. 
 12. Proprietorship of Intellectual Property Right. 
 (a) The Employee agrees that the findings, invention, innovation, improvement, development, approach, design, diagram, analysis, report and all the practical or expected businesses, similar or related materials and
other proprietary intellectual property rights (“Intellectual Property Right”, whether be patent, business secret or other legal rights) relating to the Company’s past, present or future products or services all belong to the Company.
The Employee undertakes to cooperate to the best of his/her ability with the Company to procure the Company to obtain the complete right to intellectual property without any defect. 
  

 5 

 (b) The Employee hereby undertakes to transfer, permanently (or the longest term according to the law)
and free of charge, his proprietorship and interests to the intellectual property rights which the Employee possessed, held or under his or her control and put into use or all the intellectual property rights the Employee developed and provided for
use in or relating to the business of the Company, and the Employee hereby waive the rights to the Company. The Employee hereby undertakes to take any further action required by the Company including but not limited to signing any necessary
documents or completing any applicable legal procedures to perform the above transfer. 
 13. Remedies for Breach of Contract. The
Employee acknowledges the Company shall or may suffer serious damage or loss should the above obligations be violated. The Employee agrees that should the above obligations be violated or threatened, the Company shall have the right to seek
instructive or injunction legal remedies in the courts aside from other legal remedies such as economic compensation. 
 14.
Miscellaneous. 
 (a) Non-breach. Executive hereby represents that his performance and execution of this Agreement does not and
will not constitute a breach of any agreement or arrangement to which he is a party or is otherwise bound, including, without limitation, any noncompetition or employment agreement. 
 (b) Applicable Law. The Agreement shall be governed and construed by the laws of the People’s Republic of China. All disputes arising from
the Agreement shall be governed by the courts in China. The plenary has the right to file suit in any courts in Nanjing of China. 
 (c)
Entire Agreement/ Amendments. This Agreement constitutes the entire agreement between the parties and supersedes all previous agreements and understandings between the parties with respect to the subject matter thereof. This Agreement may not
be altered, modified, or amended except by written instrument signed by the parties hereto. 
 (d) No Waiver. In case any party
delays or fails to execute any right or remedy under the Agreement or arising out of the breach by the other party, the right and remedy shall not be damaged or it shall be deemed as waiver or consent of the breach. Any waiver, being similar or not,
shall not be deemed as waiver of other breaches occurring therebefore or thereafter. The waiver of any terms and conditions shall be carried out in writing by the party who are favored by the terms and conditions. Any waiver of breach shall not
influence the Agreement and any terms and conditions shall remain in effect upon other or later breaches. 
 (e) Severability. The
invalidity, illegality or unenforceablity of any clause of this Agreement in any jurisdiction shall only result in the invalidity, illegality or unenforceablity of such clause in such jurisdiction, without prejudice to the validity, legality and
enforceability of other clauses in this jurisdiction or any clause hereof in other jurisdiction, and such invalid, illegal or unenforceable clause shall be replaced by a valid, legal and enforceable clause that reflect the parties’ intention to
the most extent. 
  

 6 

 (f) Assignment. Executive shall not have the right to assign his interest in this Agreement, any
rights under this Agreement or any duties imposed under this Agreement. This Agreement may be assigned by the Company to any successor in interest to substantially all of the business operations of the Company. Such assignment shall become effective
when the Company notifies Executive of such assignment or at such later date as may be specified in such notice. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such successor
company. 
 (g) Notice. All notices and other correspondences required or permitted to be given or made under the Agreement
shall be in writing and delivered in person, by express courier or facsimile. 
 For the Company: 
 Add:              No. 123 Focheng West Road Jiangning Economic & Technical
Development Zone Nanjing 
 Recipient:     Lu Tingxiu 
 Tel:               0086 – 25 – 52766698 
 Fax:              0086 – 25 – 52766699 
 For the Employee: 
 Add:              No. 123 Focheng West Road Jiangning Economic & Technical Development Zone Nanjing 
 Recipient: 
 Tel: 
 Fax:                0086 – 25 – 52766699 
 (h) Amendment and Waiver. The Agreement shall not be amended or changed until every party agrees by written consent, but the Company has the
right to reduce the term of confidentiality and non-compete stipulated in the Agreement without the consent of the Employee. The abovesaid “term of confidentiality and non-compete” refers to the aforementioned term of employment and 3
years after the employment. Should the Company reduce the term of confidentiality and non-compete, the Company can give economic compensation for its adjusted term of confidentiality and non-compete in accordance with the relative provisions in the
Jiangsu Labor Contract Ordinance. In case any party delays or fails to execute any right or remedy under the Agreement or arising out of the breach by the other party, the right and remedy shall not be damaged or it shall be deemed as waiver or
consent of the breach. Any waiver, being similar or not, shall not be deemed as waiver of other breaches occurring therebefore or thereafter. The waiver of any terms and conditions shall be carried out in writing by the party who are favored by the
terms and conditions. Any waiver of breach shall not influence the Agreement and any terms and conditions shall remain in effect upon other or later breaches. 
 (i) Withholding Taxes. The Company may withhold from any amounts payable under this Agreement such personal income taxes as may be required to be withheld pursuant to any Chinese law. 
  

 7 

 (j) Counterparts. This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	 EXECUTIVE

	
	 /s/

	
	 CEEG (Nanjing) PV-Tech Co., Ltd. (seal)

		
	 By:
	 	 /s/ Lu Tingxiu

	Name:	 	
	Title:	 	

 EXHIBIT A 
 Prior Inventions 
 None. 

 Schedule 
  

							
	 	  	 Senior Executive Officer
	  	 Title

	 1
	  	Tingxiu Lu	  	Chief Executive Officer
			
	 2
	  	Guangyou Yin	  	Vice President - Operations
			
	 3
	  	Chengrong Xu	  	Vice President - Administration and Human Resources

  

 11

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