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QUAD TECHNOLOGY LICENSE
AGREEMENT
Evergreen
Solar, Inc. (“ E ”) and EverQ GmbH (“
EQ ”) have entered into the Quad Technology License
Agreement (the “ Agreement ”) dated
October 6, 2008. In addition to the Agreement E, EQ and
Deutsche Bank AG Filiale Deutschlandgeschäft (“
Bank ”) agree as follows:
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1.
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E
and EQ hereby assign all of EQ’s rights and obligations
arising from the Agreement with the approval of Q-Cells AG and
Renewable Energy Corporation ASA as a whole to any person named by
the Bank continuing EQ’s business by means of acquisition of
the shares in EQ or substantially all of its assets (the assignee
hereafter referred to as the “ Purchaser
”).
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The
aforementioned assignment is effective only under the occurrence of
the following condition precedent (“ Condition
Precedent ”): that any and all conditions for the
utilization of securities included in the loan agreement on a
consortional loan of EUR 192,500,000.00 dated September 1,
2008 by and between EQ, the Bank and other parties and in any of
its securities related subcontracts have been met.
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2.
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Purchaser shall not have the right
under this Agreement to make in total more than 180 MW of Licensed
Products per year (including the right to make not more than 90 MW
of Licensed Products per year according to No. 3 of the
Addendum to the Amended and Restated License and Techno
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