EVERGREEN SOLAR, INC.
138 Bartlett Street, Marlboro, MA
01752-3016 USA
Jiawei Solar
(Wuhan) Co., Ltd.
No. 3, Road No. 1, Liufang Dongyi Industrial Park
Donghu Gaoxin District
Wuhan, Hubei 430205, China
Attention: Mr. Kong-Qi Ding
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RE:
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Warrants to be Issued in Connection
with the Relationship Agreement and the Manufacturing Services
Agreement
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This side letter
is being entered into in connection with the execution by Evergreen
Solar, Inc. (“ ESLR ”), Evergreen Solar (Wuhan)
Co., Ltd., Jiawei Solarchina Co. Ltd. (“ JWCN ”)
and Jiawei Solar (Wuhan) Co., Ltd. of a Relationship Agreement and
a Manufacturing Services Agreement, each as of even date
herewith.
Upon the
satisfaction or waiver of the conditions set forth in
Section 13 of the aforementioned Relationship Agreement, ESLR
shall issue and deliver a warrant in accordance with the terms set
forth in Exhibit A and JWCN shall deliver a warrant
issued by Dynamic Green Energy, Ltd. (“ DGE ”)
in accordance with the terms set forth in Exhibit B .
The forms of the two warrants shall be as are otherwise customary
and normal for similar transactions with the various terms of the
two warrants being the same except where differences may be
reasonably appropriate based on the public or private nature of the
issuing company, applicable regulatory requirements and other
circumstances u
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