EquityPledgeAgreementThisEquityPledgeAgreement("Agreement")isdatedisenteredintobyandbetweenxxxxxx、alimitedliabilitycompanyincoiporatedunderthelawsof,havingitsregisteredofficeat(hereinafterreferredtoas"Pledgor")andWuxiSuntechPowerCo;Ltd.alimitedliabilitycompanyregisteredunderthelawsofPeopledRepubicofChina,havingitsregisteredofficeatNo.12XinhuaRoad,NewDistrict,WuxiCity,JiangsuProvince,China(hereinafterreferredtoas"Pledgee”)・WHEREAS1.ThePledgorisshareholderof,legallyholding100%ofequityinterestofCompanySPV("EquityInterest").2.ThePledgeeandthePledgorhaveexecutedaSupplyAgreementdated("theSupplyAgreementPursuanttotheSupplyAgreement,thePledgorshallpaytothePledgee.3・AssecurityfortheoutstandingobligationsofthePledgorpursuanttotheSupplyAgreement,thePledgorhasagreedtograntthePledgeesecurityovertheEquityInterest・NOWTHEREFORE,thePledgorandthePledgeethroughmutualnegotiationherebyenterintothisagreementbaseduponthesefollowingterms:1.Definitions1.1Pledge:shallrefertothesecurityinterestgrantedbyPledgortoPledgeepursuanttoArticle2ofthisAgreement,i.e.,therightofPledgeetobecompensatedonapreferentialbasiswiththeconversion,auctionorsalespriceoftheEquityInterest.1.2EquityInterest:shallrefertoalloftheequityinterestlawfullynowheldandhereafteracquiredbyPledgorinCompany.2.ThePledgeThepledgorherebypledgetheEquityInteresttothePledgeeasasecurityfortheobligationsofthePledgorundertheSupplyAgreement(the"Pledge").Pursuantthereto,thePledgeeshallhavepriorityinreceivingpaymentsfromtheevaluationortheproceedsfromtheauctionorsaleoftheEquityInteres匸TheEquityInterestshallhereinafterbereferredtoasthe“PledgedCollateral：3・TermofPledge11.2ThePledgeshalltakeeffectasofthisAgreementDate,andshallexpiretwo(2)yearsfromthePledgor'ssatisfactionofallitsobligationsundertheConsultingServicesAgreement(theTerm").11.3DuringtheTerm,thePledgeeshallbeentitledtovote,control,sell,ordisposeofthePledgedCollateralinaccordancewiththisAgreementintheeventthatthePledgeedoesnotperformitsobligationsundertheSupplyAgreement,includingwithoutlimitationsthreefailurestopayundertheSupplyAgreemen匸11.4DuringtheTerm,thePledgeeshallbeentitledtocollectanyandalldividendsdeclaredor
paidinconnectionwiththePledgedCollateral・13.PledgeProcedureandRegistrationThePledgeshallberecordedintheCompanySPV'sRegisterofShareholders.ThePledgorshall,withinten(10)daysafterthedateofthisAgreement,processtheregistrationprocedureswiththeAdministrationforIndustryandCommerceconcerningthePledge.14.RepresentationandWarrantiesofPledgor14.2ThePledgoristhesolelegalandbeneficialownerofthePledgedCollateral.14.3PledgeeshallhavetherighttodisposeofandtransfertheEquityInterestinaccordancewiththeprovisionsetforthinthisAgreement.14.4OtherthantothePledgee,thePledgorhavenotpledgedthePledgedCollateraltoanyotherparty,andthePledgedCollateralisnotencumberedtoanyotherparty.15.CovenantsofPledgor15.2DuringtheTerm,thePledgorrepresentsandwarrantstothePledgeeforthePledgee'sbenefitthatthePledgorshall:14.15NottransferorassignthePledgedCollateral,norcreateorpermittocreateanypledgeorencumbrancetothePledgedCollateralwhichmayadverselyaffecttherightsand/orbenefitsofthePledgeewithoutthePledgee'spriorwrittenconsent.14.15ComplywiththeprovisionsofalllawsandregulationswithrespecttothePledgeofright;presenttoPledgeeanynotices,ordersoradvisementswithrespecttothePledgethatmaybeissuedormadebyacompetentPRCauthoritywithinfive(5)daysuponreceivingsuchnotices,ordersoradvisements;complywithsuchnotices,ordersoradvisements;orobjecttotheforegoingmattersuponthereasonablerequestofthePledgeeorwithconsentfromthePledgee・6・I・3TimelynotifythePledgeeofanyeventswhichmayaffectthePledgedCollateralorthePledgors'rightsthereto,orwhichmaychangeanyofthePledgors5warrantiesoraffectthePledgor'sperformanceoftheirobligationsunderthisAgreement.15.3ThePledgoragreesthatthePledgee^rightstothePledgepursuanttothisAgreementshallnotbesuspendedorinhibitedbyanylegalproceedingsinitiatedbythePledgor,jointlyorseparately,orbyanysuccessoroforanypersonauthorizedbythePledgor.15.4ThePledgorrepresentsandwarrantstothePledgeethatinordertoprotectandperfectthesecurityforthepaymentoftheConsultingServicesFee,thePledgorsshallexecuteingoodfaithandcauseotherpartieswhohaveinterestsinthePledgedCollateraltoexecuteallthetitlecertificates,contracts,andperformactionsandcauseotherpartieswhohaveintereststotakeaction,asrequiredbythePledgee.15.5ThePledgorrepresentsandwarrantstothePledgeeoritsappointedrepresentative(whetheranaturalpersonoralegalentity)thattheywillexecuteallapplicableandrequiredamendmentsinconnectionwiththeregistrationofthePledge,andwithinareasonableamountoftimeuponrequest,providetherelevantnotice,orderanddecisionregardingsuchregistrationtothePledgee.15.6ThePledgorrepresentsandwarrantstothePledgeethattheywillabidebyandperformallrelevantguarantees,covenants,warranties,representationsandconditions
necessarytoinsuretherightsofthePledgeeunderthisAgreement.ThePledgorshallcompensateallthelossessufferedbythePledgeeasaresultofthePledgor'sfailuretoperformanysuchguarantees,covenants,warranties,represeiitationsorconditions.13.EventsofDefault.13.2Theoccurrenceofanyoneofthefollowingeventsshallberegardedasan“EventofDefault":14.13ThisAgreementisdeemedillegalbyagoverningauthorityofthePRC,orthePledgorisincapableofcontinuingtoperformtheobligationshereinduetoanyreasonexceptforcemajeure;14.13ThePledgorfailstotimelypayinfullasrequiredundertheSupplyAgreement;14.13ThePledgormakesanymateriallyfalseormisleadingrepresentationsorwaiTantiesunderSection5herein,orbreachesanywairantiesunderSection5herein;14.13ThePledgorbreachesthecovenantsunderSection6herein;14.13ThePledgorbreachesanytermsandconditionsofthisAgreement;14.13ThePledgortransfersorassigns,causetobetransfeiredorassigned,orotherwiseabandonsthePledgedCollateralwithoutthepriorwrittenconsentofthePledgee;14.13ThePledgorisincapableofrepayingdebt;14.13TheassetsoftheCompanySPVareadverselyaffectedsoastocausethePledgeetobelievethatsuchPledgor'sabilitytoperformtheobligationshereinisadverselyaffected;14.13ThesuccessorsoragentsoftheCompanySPVrefuse,orareonlypartlyable,toperformthepaymentobligationsundertheSupplyAgreement;13.3ThePledgorshallimmediatelygiveawrittennoticetothePledgeeifthePledgorisawareofordiscoversthatanyeventunderSection7.1herein,oranyeventthatmayresultinanyoneoftheforegoingevents,hasoccurredorislikelytooccur.13.4UnlessanEventofDefaulthasbeenresolvedtothePledgedsatisfactionwithin15daysofitsoccurrence(the“CurePeriodJ,thePledgeemay,atanytimethereafter,giveawrittendefaultnotice(the“DefaultNoticeJtothePledgorandrequirethePledgortoimmediatelymakefullpaymentofthethenoutstandingpaymentsandanyotheroutstandingpayablesundertheSupplyAgreemen匸&ExerciseofPledge1.PriortothefullpaymentundertheSupplyAgreement,withoutthePledgee'swrittenconsent,thePledgorshallnotassignthePledgeortheEquityInterestinCompanySPV.2.PledgeemayissueaNoticeofDefaulttothePledgorwhenexercisingthePledge・3.Subjecttotheprovisionsof7.3,PledgeemayexercisetherighttoenforcethePledgeconcunentlywiththeissuanceoftheNoticeofDefaultinaccordaneewithSection7.2oratanytimeaftertheissuanceoftheNoticeofDefault・OncePledgeeelectstoenforcethePledge,thePledgorshallceasetobeenti什edtoanyrightsorinterestsassociatedwithEquityInterest・4.Intheeventofdefault,PledgeeisentitledtotakepossessionoftheEquityInterestpledgedhereunderandtodisposeoftheEquityInterest,totheextentpermittedandinaccordancew让happlicablelaws,withoutobligationtoaccounttoPledgorforproceedsofdispositionandPledgorherebywaivesanyrightsitmayhavetodemandanysuchaccountingfromPledgee・Likewise,insuchcircumstancePledgorshallhavenoobligationtoPledgeeforany
deficiencyremainingaftersuchdispositionoftheEquityInterest・1.WhenPledgeedisposesofthePledgeinaccordancewiththisAgreement,PledgorandtheCompanySPVshallprovidenecessaiyassistancetoenablePledgeetoenforcethePledgeinaccordancewiththisAgreement.9.Assignment2.ThePledgorshallnotassignorotherwisetransfertherightsandobligationshereinwithoutthePledgee'spriorwrittenconsent.3.ThisAgreementshallbebindinguponthePledgoranditsrespectivesuccessors,andshallbebindingonthePledgeeandeachofitssuccessorandassignees.4.UponthetransferorassignmentbythePledgeeofanyorallofitsrightsandobligationsundertheConsultingServiceAgreement,thePledgee'stransfereeorassigneeshallenjoyandundertakethesamerightsandobligationsasthePledgeeunderthisAgreemen匸ThePledgorshallbenotifiedofanysuchtransferorassignmentbywrittennoticeandattherequestofthePledgee,thePledgorshallexecutesuchrelevantagreementsand/ordocumentswithrespecttosuchtransferorassignment.5.IntheeventofthePledgee'schangeincontrolresultinginthetransferorassignmentofthisAgreement,thesuccessortothePledgeeandthePledgorsshallexecuteanewequitypledgeagreement.10<Formalities,FeesandOtherCharges10」ThePledgorshallberesponsibleforallthefeesandexpensesinrelationtothisAgreement,including,butnotlimited,tolegalfees,costofproduction,stamptaxandanyothertaxesandcharges.IfthePledgeepaystherelevanttaxesinaccordancewithapplicablelaw,thePledgorshallfullyreimbursethePledgeeofsuchtaxes.6.ThePledgorshallberesponsibleforallexpenses(including,butnotlimitedto,anytaxes,applicationfees,managementfees,litigationcosts,attorney'sfees,andvariousinsurancepremiumsinconnectionwiththedispositionofthePledge)incurredbythePledgeeinitsrecoursetocollectfromthePledgorarisingfromthePledgor*sfailuretopayanyrelevanttaxesandfees・11.ForceMajeure11・1“ForceMajeure"shallinclude,butnotbelimited,toactsofgovernments,actsofnature,fire,explosion,typhoon,flood,earthquake,tide,lightning,war,andanyunforeseeneventsbeyondaParty，sreasonablecontrolorwhichcannotbepreventedwithreasonablecare.However,anyshortageofcredit,capitalorfinanceshallnotberegardedasaneventbeyondaParty^sreasonablecontrol.APartyaffectedbyForceMajeureshallpromptlynotifytheotherPartiesofsucheventinordertobeexemptedfromsuchParty'sobligationsunderthisAgreement.7.IntheeventthattheaffectedPartyisdelayedorpreventedfromperformingitsobligationsunderthisAgreementduetoForceMajeure,theaffectedPartyshallnotberesponsibleforanydamagecausedbythedelayorpreventionofsuchperformance,aslongassuchdamageiswithinthescopeofsuchdelayorprevention.TheaffectedPartyshalltakeappropriatemeanstominimizeorremovetheeffectsofForceMajeureandattempttoresumeperformanceofthe
obligationsdelayedorpreventedbyForceMajeure.WhensuchForceMajeureceasestoexist,bothPartiescovenantandagreetoresumetheperformanceofthisAgreementwiththeirbestefforts・12・ConfidentialityThePartiesherebyacknowledgeandagreetoensuretheconfidentialityofalloralandwrittenmaterialsexchangedrelatingtothisAgreement.NoPartyshalldiscloseanyconfidentialinformationtoanyotherthirdpartywithouttheotherParties，priorwrittenapproval,unless:(a)suchinformationwasinthepublicdomainatthetimeitwascommunicated(unlessitenteredthepublicdomainwithouttheauthorizationofthedisclosingParty);(b)thedisclosurewasinresponsetotherelevantlaws,regulations,orstockexchangerules;or(c)thedisclosurewasrequiredbyanyoftheParty^slegalcounseiorfinancialconsultantforthepurposeofthetransactionunderlyingthisAgreemen匸However,suchlegalcounseland/orfinancialconsultantshallalsocomplywiththeconfidentialityasstatedhereof.ThedisclosureofconfidentialinformationbyemployeesoragentsofthedisclosingPartyisdeemedtobeanactofthedisclosingParty,andsuchdisclosingPartyshallbearallliabilitiesforanybreachofconfidentiality.1.DisputeResolution13」ThisAgreementshallbegovernedbyandconstruedinaccordancewiththelawsofthePRC.2.ThePartiesshallstrivetoresolveanydisputesarisingfromtheinterpretationorperformanceofthisAgreementthroughamicablenegotiations.Ifadisputecannotbesettled,anyPartymaysubmitsuchdisputetoChinaInternationalEconomicandTradeArbitrationCommission("CIETAC")fbrarbitration.ThearbitrationshallabidebythethencurrentrulesofCIETAC,andthearbitrationproceedingsshallbeconductedinBeijing,ChinainChinese.ThedecisionofCIETAshallbefinalandbindingupontheparties.3.Notices4.Anynoticegivenbythepartiesheretoforthepurposeofperformingtherightsandobligationshereundershallbeinwriting.Ifsuchnoticeisdeliveredbymessenger,thetimeofreceiptisthetimewhensuchnoticeisreceivedbytheaddressee;ifsuchnoticeistransmittedbyfacsimile,thetimeofreceiptisthetimewhensuchnoticeistransmitted.Ifthenoticedoesnotreachtheaddresseebytheendofthebusinessday,thefollowingbusinessdayshallbethedateofreceipt.TheplaceofdeliveryistheParty9saddressassetforthinthesignaturepagesheretoortheaddressadvisedinwritingincludingviafacsimile.5.Forthepurposeofnotices,theaddressofthePartiesareasfollows:6.EntireContractThePartiesagreethatthisAgreementconstitutestheentireagreementofthePartiesuponitseffectivenessandsupersedesallpriororaland/orwrittenagreementsandunderstandingsrelatingtothisAgreement.7.SeverabilityIfanyprovisionorprovisionsofthisAgreementshallbeheldbyaproperauthoritytobeinvalid,
illegal,unenforceableorinconflictwiththelawsandregulationsofthePRC,thevalidity,legalityandenforceabilityoftheremainingprovisionsshallnotinanywaybeaffectedorimpairedthereby.1.AppendicesTheappendicestothisAgreementareincorporatedintoandareapartofthisAgreement.2.AmendmentorSupplement3.ThePartiesmayamendthisAgreementinwriting,providedthatsuchamendmentshallbedulyexecutedandsignedbythePartiescollectivelyholdingamajorityoftheEquityInterests,andsuchamendmentshallthereuponbecomeapartofthisAgreementandshallhavethesamelegaleffectasthisAgreement.4.ThisAgreementandanyamendments,modification,supplements,additionsorchangesheretoshallbeinwritingandcomeintoeffectuponbeingexecutedandstampedbythepartieshereto・5.LanguageandCopiesoftheAgreementThisAgreementshallbeexecutedinEnglishinfour(4)originalcopies.EachPartyshallreceiveone(1)originalcopy,allofwhichshallbeequallyvalidandenforceable.
