Exhibit 10.34
  CONFIDENTIALFINAL
 QUAD TECHNOLOGY
LICENSE AGREEMENT
 By and Between
 EVERGREEN SOLAR, INC.
 AND
 EVERQ GMBH
 As of October 6, 2008




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CONFIDENTIAL
 TABLE OF CONTENTS
 Article 1 - Definitions
    
    
    1Section 1.1- Construction
    
    
    1Section 1.2- Definitions
    
    
    2Article 2 - Rights and Licenses
    
    
    10Section 2.1 -E License Grant to EQ
    
    
    10Section 2.2 -EQ License Grant to E
    
    
    10Section 2.3 -Commercial Improvements
    
    
    11Section 2.4 -Covenants Not to Sue
    
    
    11Section 2.5 -Sublicensing
    
    
    11Section 2.6 -Reservation of Rights; No Implied Licenses
    
    
    13Section 2.7 -In-licensing
    
    
    13Section 2.8 -Sourcing
    
    
    13Article 3 - Technology Transfer
    
    
    13Section 3.1 -Quarterly Meetings
    
    
    13Section 3.2 -Delivery of Technical Deliverables
    
    
    14Section 3.3 -Copies
    
    
    14Section 3.4 -Operational Data
    
    
    15Article 4 - Consideration and Payment
    
    
    15Section 4.1 -Quad/COF Technology Royalties
    
    
    15Section 4.2 -Royalties for Quad Commercial Improvements
    
    
    18Section 4.3 -Royalties for Additional SR Technology
    
    
    19Section 4.4 -Royalties on Sales by Sublicensees
    
    
    20Section 4.5 -Royalties on Technology Post-Termination
    
    
    21Section 4.6 -Royalties on External Intellectual Property Rights
    
    
    21Section 4.7 -Royalty Evaluation by Experts
    
    
    21Section 4.8 -Miscellaneous Payment Terms
    
    
    22Section 4.9 -Taxes
    
    
    22Section 4.10 -Audit
    
    
    23Article 5 - Intellectual Property Rights
    
    
    23Section 5.1 -Ownership
    
    
    23Section 5.2 -Enforcement of Jointly Owned Commercial Improvements
    
    
    25Section 5.3 -Third Party Licenses
    
    
    26Section 5.4 -Patent Marking
    
    
    26Section 5.5 -Trademarks Licenses and Licensed Product Labeling
    
    
    27Section 5.6 -Further Cooperation
    
    
    27Section 5.7 -Additional Registered Intellectual Property Rights
    
    
    27Article 6 - Warranties
    
    
    28Section 6.1 -Representations and Warranties
    
    
    28




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CONFIDENTIAL
 Section 6.2 -Remedies for Breaches of Warranties
    
    
    29Section 6.3 -Disclaimer
    
    
    30Article 7 - Confidential Information
    
    
    30Section 7.1 -Definition
    
    
    30Section 7.2 -Confidentiality Obligation
    
    
    31Section 7.3 -Legal Disclosure
    
    
    31Section 7.4 -General Knowledge
    
    
    31Article 8 - Term
    
    
    32Section 8.1 -Term
    
    
    32Section 8.2 -Special Termination Right
    
    
    32Section 8.3 -Effect of Termination
    
    
    32Article 9 - Rights in Bankruptcy
    
    
    32Article 10 - General Provisions
    
    
    33Section 10.1 -Limitation of Liability
    
    
    33Section 10.2 -Notices
    
    
    34Section 10.3 -Language
    
    
    34Section 10.4- Amendments and Waivers
    
    
    34Section 10.5- Assignment
    
    
    35Section 10.6- MOU; LTTA; Entire Agreement; Severability
    
    
    35Section 10.7- Other Remedies; Specific Performance
    
    
    35Section 10.8- Governing Law and Dispute Resolution
    
    
    36Section 10.9- Compliance with Laws and Regulations
    
    
    36Section 10.10- Export
    
    
    36Section 10.11- Force Majeure
    
    
    36Section 10.12- Independent Contractors
    
    
    37Section 10.13- Third Party Beneficiaries
    
    
    37Section 10.14- Counterparts
    
    
    37
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CONFIDENTIAL
 QUAD TECHNOLOGY
LICENSE AGREEMENT
 Agreement E EQ Effective Date Party Parties
 Recitals:
 WHEREAS LTTA
 WHEREAS Q REC EQ Founders MOU
 WHEREAS Sections F G
 NOW, THEREFORE
 ARTICLE 1
DEFINITIONS
 Section 1.1  Construction




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CONFIDENTIAL
  Section 1.2  Definitions
  Actual Quad Rate
 Actual Quad Cost
 Additional SR Technology
 Affiliate
 Agreement
 Applicable Commercial Improvements
 Applicable Technology
 Cells
 Commercial Improvement
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CONFIDENTIAL
  Confidential Information Section 7.1 .
 Cost Comparison Spreadsheet Exhibit A
  Cost Savings
 Cut on the Fly
 Declining Factor
 Production Period
    
    Declining Factor[****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****][****]
    
    [****]
  -3-




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CONFIDENTIAL
  Direct Production Costs
 Disclosing Party Section 7.1
 E Full Production
 E Measuring Period
 E IP
 E Intellectual Property Rights
 E Technical Deliverables
 E Technology
 Effective Date
 EQ
 EQ 2
 EQ 2 Cost Base
 EQ 3
 -4-




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CONFIDENTIAL
 EQ Intellectual Property Rights
 EQ IP
 EQ Founders
 EQ Technical Deliverables
 EQ Technology
 Extended Licensing Period
 First Production Year
 Full Production
 Gemini String Ribbon Technology
 Improved Quad/COF Technology
 Indemnified Party Section 6.2
 Indemnifying Party Section 6.2
 Intellectual Property Rights
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CONFIDENTIAL
  IPO
 Jointly Own Section 5. 1(a)(i)
 Jointly Owned Commercial Improvements Section 5. 1(a)
 Licensable
 Licensor Section 4.3
 Licensed-in Technology Section 2.7
 Licensed Products
 Licensee Section 4.3
 Liquidity Event
 Liquidity Event Failure
 Measuring Period
 MOU
 Nominal Quad Rate
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CONFIDENTIAL
 Nominal Quad Royalties Section 4. 1(a)(i)
 Panels
 Party
 Patent
 Post Liquidity Event Licensing Period
 Potential Quad Cost Section 4. 1(b)(ii) (A)
 Pre-Liquidity Event Licensing Period
 Q
 Quad/COF Technology
 Quad Commercial Improvement Section 4. 1(b)(ii) (B)
 Quad Cost Savings
 Quad Furnace
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CONFIDENTIAL
 Quad Royalty Section 4.1
 Quad Royalty Rate Section 4.1
 Quad Technical Deliverables
 Qualified Affiliate
 Qualified Country
 Ramp-up Period
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CONFIDENTIAL
  REC
 Receiving Party Section 7.1
 Registered E Intellectual Property Rights
 Registered EQ Intellectual Property Rights
 Signing Date
 Sold Sell
 Start of Full Production
 String Ribbon Technology
 String Ribbon
 Technical Deliverables
 Technology
 Termination Date
 Third Party
 Total Production Costs
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CONFIDENTIAL
 Post-Termination Licensing Period
 Unit Section 4. 1(a)
 used for
 Wafers
 Wp
 ARTICLE 2
RIGHTS AND LICENSES
 Section 2.1  E License Grant to EQ
 Section 2.3 Section 2.5 Section 2.5
(
 Section 2.2  EQ License Grant to E Section 2.3 Section 9.5 Section 4.2 Section 4.3 Section 2.5
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CONFIDENTIAL
  Section 2.3  Commercial Improvements
 Sections 2.1 2.2 Section 2.1 Section 2.2
 Section 2.4  Covenants Not to Sue
 Section 2.3 Section 2.4 Article 7 Article 2
 Section 2.5  Sublicensing
 By EQ.
 -11-




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CONFIDENTIAL
   Section 4. 3(a) .
  By E
 Intellectual Property Protection
 Royalties on Sales by Sublicensees
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CONFIDENTIAL
 Section 4.4
 Section 2.6  Reservation of Rights; No Implied Licenses
  Section 2.7  In-licensing
 Licensed-in Technology
 Section 2.8  Sourcing
 Quad Sourcing Sourcing Term
 ATS Sourcing
 ARTICLE 3
TECHNOLOGY TRANSFER
 Section 3.1  Quarterly Meetings
  -13-




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CONFIDENTIAL
  Section 3.2  Delivery of Technical Deliverables
 In General
 Quad Technical Deliverables Section 3.2(a) Section 3.2(b)
  Section 2. 5(c)
 Section 3.3  Copies
 Article 7
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CONFIDENTIAL
 Section 3.4  Operational Data
  ARTICLE 4
CONSIDERATION AND PAYMENT
 Section 4.1  Quad/COF Technology Royalties
 Royalty Rate Quad Royalty Unit Section 4. 1(a) Section 4. 1(b)
 Nominal Royalty Rate during Ramp-Up Period and First Year of Production Nominal Quad Royalties
 Actual Royalty Rate after First Year of Production .
 True-Up Payment
 Calculating the Actual Quad Rate
 Actual Quad Cost Calculation
 Sections 4. 1(a)(i) (B) 4. 1(a)(i) (C)
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CONFIDENTIAL
 Section 4.1(b) Section 4.1(b) Section 4. 1(b)(i)
 Section
4. 1(b)(ii) (A)
 Section 4. 1(a)(i) (A)
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CONFIDENTIAL
 Section 4. 1(b)(i) (B)(i) Section 4. 1(b)(i) (B)(ii) then Section 4. 1(b)(i) (A)
 Adjustments to the Actual Quad Rate
 Comparison to E Production Costs Potential Quad Cost
 Section 4.1(b)
 Compared to Conventional Sliced Wafers
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CONFIDENTIAL
  No Adjustment to EQ 2 Cost Base Section 4. 1(b)(ii) (A) Section 4. 1(b)(ii) (B)
 Adjustments Prospective Only Section 4.1 Section 4. 1(a)(i) Section 4. 1(a)(iii)
 Failure to Agree on Actual Quad Rate Section 4.1 Section 4.7
 Section 4.2  Royalties for Quad Commercial Improvements
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CONFIDENTIAL
 Section 4.7
 Section 4.3  Royalties for Additional SR Technology
  Sections 4. 3(b)(i) 4. 3(b)(iii)
 Additional SR Technology Previously Licensed to Third Parties. Licensor Licensee Section 4.3(b)
 Additional SR Technology Not Licensed to Third Parties. Section
4. 3(b)(ii) Section 4.7 Section 4.3(b)
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CONFIDENTIAL
  Subsequent Licenses of Additional SR Technology
 Section 4.4  Royalties on Sales by Sublicensees
 EQ Sublicensing
 E Sublicensing
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CONFIDENTIAL
  Section 4.5  Royalties on Technology Post-Termination
  Section 4.6  Royalties on External Intellectual Property Rights
  Section 4.7  Royalty Evaluation by Experts
 Section 4.2 Section 4.3 Section 4.1
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CONFIDENTIAL
   Section 4.8  Miscellaneous Payment Terms
 Reports
 Method
 Interest
 Currency
 Setoff
 Section 4.9  Taxes
 Taxes Payable by EQ
 -22-




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CONFIDENTIAL
  Taxes Payable by E
 Section 4.10  Audit
  ARTICLE 5
INTELLECTUAL PROPERTY RIGHTS
 Section 5.1  Ownership
 Joint Inventions Jointly Owned Commercial Improvements
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CONFIDENTIAL
  Definition Section 5.1 Jointly Own Section 5.2 Section 5.2
 Prosecution and Maintenance Section 5. 1(c) Section 5. 1(a) Section 5. 1(c) Section 5.1 (a) Section 5. 1(a)
 Prosecution and Maintenance By EQ
 Sole Inventions
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CONFIDENTIAL
 Sections 5(b)(i) 5(b)(ii)
 Prosecution and Maintenance of E Technology
 Prosecution and Maintenance of EQ Technology
 Expenses and Assistance Section 5.1
 EQ Employee Inventors Arbeitnehmererfindergesetz Article 5
 Section 5.2  Enforcement of Jointly Owned Commercial Improvements
 Notice of Infringement
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CONFIDENTIAL
  Participation; Management of Actions and Cooperation Section 5.2
 Withdrawal Section 5.2 Section 5.2
 Recovery Allocation Section 5.2
 Section 5.3  Third Party Licenses
  Section 5.4  Patent Marking
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CONFIDENTIAL
  Section 5.5  Trademarks Licenses and Licensed Product Labeling
    Section 5.6  Further Cooperation
 Article 5
 Section 5.7  Additional Registered Intellectual Property Rights
 E IP
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CONFIDENTIAL
 EQ IP
 ARTICLE 6
WARRANTIES
 Section 6.1  Representations and Warranties
  Registered E Intellectual Property
 Completeness
 Non-Infringement
 Contracts
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CONFIDENTIAL
  Registered EQ Intellectual Property
 Non-Infringement
 Contracts
 Section 6.2  Remedies for Breaches of Warranties
 Warranties Article 6 Section 6.2
 Liability Indemnifying Party Section 6.1 (
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CONFIDENTIAL
 Indemnified Party
 Limitations of Liability for Breach of Warranties
  
 
  Section 6. 2(b)
 Section 6.3  Disclaimer
 ARTICLE 6
 ARTICLE 7
CONFIDENTIAL INFORMATION
 Section 7.1  Definition
 Confidential Information Disclosing
Party Receiving Party
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CONFIDENTIAL
  Section 7.2  Confidentiality Obligation
 Section 7.3
 Section 7.3  Legal Disclosure
  Section 7.4  General Knowledge
 General Knowledge
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CONFIDENTIAL
 Article 2
 ARTICLE 8
TERM
 Section 8.1  Term
 Section 2.1 Section 2.2
 Section 8.2  Special Termination Right
  Section 8.3  Effect of Termination
 Article 1 Article 2 Article 4 Section 5.1 7 Section 8.3 Article 9 Article 10 Article 6
 ARTICLE 9
RIGHTS IN BANKRUPTCY
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CONFIDENTIAL
 ARTICLE 10
GENERAL PROVISIONS
 Section 10.1  Limitation of Liability
  SECTION 10.1 SECTION 10.1
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CONFIDENTIAL
 Section 10.2  Notices
  As to EQ:
    
    EverQ GmbHOT ThalheimSonnenallee 14-2406766 Bitterfeld-WolfenGermanyAttention:
    
    Ted ScheideggerHans-Jörg AxmannKatja RaschkeAs to E:
    
    Evergreen Solar, Inc.138 Bartlett StreetMarlboro, MA 01752, USAAttention:
    
    Richard M. Feldt, President and CEOMichael El-Hillow, Chief Financial OfficerChristian M. Ehrbar, General Counsel
  Section 10.3  Language
  Section 10.4  Amendments and Waivers
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CONFIDENTIAL
 Section 10.5  Assignment
 Section 10.5 Section 10.5
 Section 10.6  MOU; LTTA; Entire Agreement; Severability
 Section F
 Section 10.7  Other Remedies; Specific Performance
 Section 10.8
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CONFIDENTIAL
 Section 10.8  Governing Law and Dispute Resolution
   Section 10.9  Compliance with Laws and Regulations
  Section 10.10  Export
  Section 10.11  Force Majeure
  -36-




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CONFIDENTIAL
 Section 10.12  Independent Contractors
  Section 10.13  Third Party Beneficiaries
  Section 10.14  Counterparts
  (The remainder of this page is intentionally left blank.)
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CONFIDENTIAL
  EVERGREEN SOLAR, INC.By:
    /s/ Michael El-HillowName:
    Michael El-HillowTitle:
    CFO EVERQ GMBHBy:
    /s/ T. Scheidegger / /s/ C. LangdenName:
    T. Scheidegger / C. LangdenTitle:
    CEO / CSO -38-




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CONFIDENTIAL
 EXHIBIT A
 Cost Comparison Spreadsheet
 [****]