Security Agreement
Exhibit
4.79
English Translation of
Chinese Language Document
Contract
No.: QT220100054
Signing
Date:
Signing
Place: Jiangning District, Nanjing
Party A:
China Electric Equipment Group Co., Ltd.
Party B:
China Sunergy (Nanjing) Co., Ltd.
Through
friendly negotiation, Party A agrees to provide security for Party B’s bank
credit loans. The security shall have a term from May 17, 2010 to May 31, 2011
and the total secured amount shall not exceed RMB1 billion. Party A shall
provide the security service to Party B for free. However, if there is any
material change to the credit or operation status of Party B, the parties hereto
shall re-negotiate as for whether the total secured amount hereunder shall be
changed.
This
agreement shall be governed by and interpreted according to the relevant laws of
the People’s Republic of China.
This
agreement shall be in duplicate, each for one party, and shall become effective
upon signing by the legal representative and affixing of the common seal of each
party.
[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]
|
China
Electric Equipment Group Co., Ltd. /s/
Legal
Representative: Tingxiu Lu /s/
April
26, 2010
|
China
Sunergy (Nanjing) Co., Ltd./s/
Legal
Representative: Tingxiu Lu /s/
April
26, 2010
|
1
