Document:

Amended and Restated Series A Preferred Share Purchase Agreement

 Exhibit 4.5 
 Execution Copy 
 AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT 
 THIS AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 19,
2006 by and among: 
 1. Trina Solar Energy Holding Limited Co., a Cayman Islands exempted company (the “Company”); 
 2. Changzhou Trina Solar Energy Co. Ltd., a wholly foreign-owned enterprise established by the Company under the laws of the People’s Republic of China (the
“WFOE”); 
 3. Mr. Gao Jifan (People’s Republic of China identification number 22014196501151579), Trina International Investment
Co., Ltd., a company organized under the laws of the British Virgin Islands, Ms. Wu Chunyan, and Perseverance International Investment Co. Ltd., a company organized under the laws of the British Virgin Islands (each a
“Founder”, collectively, referred to herein as the “Founders”; and 
 4. each of the persons listed on Exhibit A-1
and any other persons who shall have purchased Series A Shares (as defined below) pursuant to, and become signatories to, this Agreement (collectively, the “Investors” and each, an “Investor”, and collectively
with the Company and the WFOE, the “Parties”). 
 RECITALS 
 A. The Company and certain of the Investors had previously entered into that certain Series A Preferred Share Purchase Agreement dated as of
April 28, 2006 (the “Prior Agreement”) for the purchase of 409,356,726 Series A preferred shares, par value US$ 0.00001 per share, of the Company (the “Series A Shares”) on the terms and conditions set
forth in the Prior Agreement; 
 B. The WFOE is a wholly foreign-owned enterprise established on December 26, 1997 under the laws of the
People’s Republic of China with its principal place of business at No. 2 Xin Yuan 1 Road, Electronic Park, Xinbei District, Changzhou, Jiangsu, PRC; 
 C. The Company owns 100% of the issued and outstanding equity interest in the WFOE; 
 D. Pursuant to
Section 9.7 of the Prior Agreement, the parties to the Prior Agreement desire to amend and restate the Prior Agreement in order to, inter alia, provide for the sale and issuance of an additional 136,452,242 Series A Shares on the terms and
conditions set forth in this Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties hereby agree as follows: 

 1. AGREEMENT TO PURCHASE AND SELL SHARES 
 1.1 Authorization. As of the Initial Closing (as defined below), the Company shall have authorized the issuance, pursuant to the terms and
conditions of this Agreement, of up to 409,356,726 Series A Shares having the rights, preferences, privileges and restrictions as set forth in the First Amended and Restated Memorandum of Association and the First Amended and Restated Articles
of Association of the Company attached hereto as Exhibit B-1 (collectively, the “First Restated Articles”). On or prior to the first Subsequent Closing (as such term is defined in Section 2.2 below), the Company
shall have authorized the issuance, pursuant to the terms and conditions of this Agreement, of up to 545,808,968 Series A Shares having the rights, preferences, privileges and restrictions as set forth in the Second Amended and Restated Memorandum
of Association and the Second Amended and Restated Articles of Association of the Company attached hereto as Exhibit B-2 (collectively, the “Second Restated Articles”). 
 1.2 Agreement to Purchase and Sell. Subject to the terms and conditions hereof, the Company hereby agrees to issue, allot and sell to each
Investor, and such Investor hereby agrees, severally and not jointly, to purchase from the Company, up to that number of Series A Shares set forth opposite its name under the caption “Series A Preferred Shares” in Exhibit A-5
at a price of US$ 0.0732857 per share (the “Purchase Price”). The Series A Shares to be purchased and sold pursuant to this Agreement will be collectively hereinafter referred to as the “Purchased Shares”
and the ordinary shares of the Company issuable upon conversion of the Purchased Shares will be collectively hereinafter referred to as the “Conversion Shares” (together with the Purchased Shares, the “Securities”).
The Purchase Price shall be paid by wire transfer of funds to a designated account of the Company, which shall be provided to the Investors at least seven (7) business days prior to the Closing (as defined herein). 
 2. CLOSINGS; DELIVERY 
 2.1 Initial
Closing. Subject to the satisfaction of the terms and conditions set forth in Section 6 and 7 of this Agreement, the initial closing of the purchase and sale of the Purchased Shares shall be held at the offices of Weil, Gotshal &
Manges LLP in Shanghai, PRC on May 5, 2006 or at such other time and place as Company and the Investors may mutually agree upon (the “Initial Closing”). The date of the Initial Closing, which the Parties acknowledge is
May 17, 2006, shall be referred to herein as the “Initial Closing Date”. 
 2.2 Subsequent Closings. Subject to
the terms and conditions of this Agreement, the Company may sell to each Investor up to such number of Series A Shares as is set forth opposite the name of each such Investor in Exhibit A-6 hereof, at one or more subsequent closings (the
“Subsequent Closings”) (the date of each Subsequent Closing shall be referred to herein as the “Subsequent Closing Date”) to occur no later than May 30, 2006 (or at such other time as the Company and the
Investors may mutually agree upon), so long as the sales of the Series A Shares at such Subsequent Closings are pursuant to the terms of this Agreement and at the price per share set forth in Section 1.2 above. Any purchaser purchasing Series A
Shares at a Subsequent Closing (each a “Subsequent Purchaser”) shall execute a counterpart signature page to this Agreement and the Shareholders Agreement (as defined in Section 3.2(a)(iii) below), at which time such purchaser
shall be deemed to be a party to this Agreement and the Shareholders Agreement as of the date of the Subsequent Closing as an “Investor” hereunder and thereunder, and the Series A Shares purchased by such Subsequent Purchaser shall be
deemed to be “Purchased Shares” hereunder. The Company shall amend 

  

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Exhibit A hereto to reflect the sales pursuant to the Subsequent Closings. For purposes of this Agreement, the terms “Closing” and
“Closing Date,” unless otherwise indicated, refer to the applicable closing and closing date of the Initial Closing or the Subsequent Closing(s), as the case may be. 
 2.3 Delivery and Payment. Subject to the terms of this Agreement, at each applicable Closing, the Company shall deliver to each Investor, in
addition to any items the delivery of which is made an express closing condition pursuant to Section 6, a certificate representing the number of Series A Shares purchased by such Investor at such Closing, against payment of the applicable
aggregate Purchase Price therefor, and a register of the members of the Company, updated to reflect the sale and issuance of the Series A Shares at such Closing in accordance with the First Restated Articles or Second Restated Articles, as
applicable, and the laws of the Cayman Islands, and certified by the Chief Executive Officer of the Company as of the date of such Closing. 
 3.
REPRESENTATIONS AND WARRANTIES OF THE COMPANY, THE WFOE AND EACH OF THE FOUNDERS 
 The Company, the WFOE and each of the Founders,
jointly and severally, hereby represent and warrant to each Investor, except as set forth in the Disclosure Schedule (the “Disclosure Schedule”) attached to this Agreement as Exhibit C (which Disclosure Schedule shall be
deemed to be representations and warranties to such Investor), as of the date hereof, that the statements in this Section 3 are true, correct and complete. 
 In this Agreement, any reference to a party’s “knowledge” means such party’s actual knowledge after due and diligent inquiries of all persons (including all officers and directors of such
party) reasonably believed to have knowledge of the matter in question; “Group Companies” means the Company and the WFOE (each a “Group Company”), of which the WFOE shall be hererinafter referred to as the
“PRC Company”; and “Material Adverse Effect” means any change, event or effect that (i) is or would be materially adverse to the business, operations, assets, liabilities, condition (financial or otherwise) or
results of operations of any member of the Group Company, in each case individually or taken as a whole, or (ii) is or would materially impair the validity or enforceability of this Agreement against the Company, the WFOE or any of the Founders
or (iii) is or would materially and adversely affect the Company, the WFOE or any of the Founders’ ability to perform its obligations under this Agreement, any Ancillary Agreement or in connection with the transactions contemplated
hereunder or thereunder. 
 3.1 Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and
in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assets and to carry on its
business as now conducted and as proposed to be conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is qualified to do business and is in good standing
(or equivalent status in the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a Material Adverse Effect. 
  

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 3.2 Capitalization. 
 (a) Capitalization of the Company. A complete and current list of all outstanding shareholders, option holders and other security holders of the Company as of the date hereof is set forth in
Schedule 3.2(a) of the Disclosure Schedule, indicating the type and number of shares, options or other securities held by each such shareholder, option holder or other security holder. Immediately prior to the first Subsequent Closing,
the authorized share capital of the Company consists of the following: 
 (i) Ordinary Shares. A total of 4,454,191,032 authorized
ordinary shares, par value US$ 0.00001 per share, of the Company (the “Ordinary Shares”), of which 1,000,000,000 shares are issued and outstanding. 
 (ii) Series A Shares. A total of 545,808,968 authorized preferred shares, all of which are designated as Series A Shares, par value US$ 0.00001 per share, of which 204,678,363 are issued and outstanding
immediately prior to the first Subsequent Closing. 
 (iii) Options, Warrants, Reserved Shares. The Company has reserved 764,132,556
Ordinary Shares for issuance upon the conversion of the Purchased Shares. Except for (i) the conversion privileges of the Purchased Shares, (ii) the preemptive rights provided in the Amended and Restated Shareholders Agreement to be
entered into at the first Subsequent Closing and attached hereto as Exhibit D (the “Shareholders Agreement”), and (iii) 52,631,579 Ordinary Shares (and options and warrants therefor) reserved for issuance to
employees, officers or directors of, or consultants to, the Company (or any of its subsidiaries) pursuant to the employee equity incentive plans to be approved by the Board of Directors of the Company (the “Board”) and the holders
of at least an eighty percent (80%) majority of the Series A Shares then outstanding, there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase
any of the shares of any Group Company. Apart from the exceptions noted in this Section 3.2(a) and the Shareholders Agreement, no shares (including the Purchased Shares and the Conversion Shares) of the outstanding share capital of the Company,
or shares issuable upon exercise or exchange of any outstanding options or other shares issuable by the Company, are subject to any preemptive rights, rights of first refusal or other rights to purchase such shares (whether in favor of the Company
or any other person). 
 (b) Capitalization of the Other Group Companies. 
 (i) The authorized total investment of the WFOE is US$ 11,700,000, of which US$ 7,280,000 is registered capital. The WFOE is 100% owned of record by the
Company. There are no other equity securities or rights, arrangements or agreements to acquire any equity securities or ownership interests in the WFOE. 
 (ii) The registered capital of the WFOE was timely contributed, has been duly verified by a certified accountant registered in the PRC and the accounting firm employing such accountant, and the report of the certified
public accountant evidencing such verification has been registered with the relevant governmental authorities, and such registered capital is free and clear of any lien, mortgage, pledge, deed of trust, hypothecation, claim, security interest, or
other encumbrance, and is nonassessable. 
 (iii) Except as described in (i) and (ii) of this Section 3.2(b), there are no
equity securities or ownership interests issued or authorized by WFOE (including but not limited to rights of first refusal, preemptive rights, proxy, conversion 

  

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privileges, subscriptions or other rights, arrangements or agreements). None of the PRC Companies is a party or subject to any contract that affects or
relates to preemptive rights, rights of first refusal or other rights to purchase shares or ownership interests in any of the PRC Companies (whether in favor of a PRC Company or any other person). 
 3.3 Subsidiaries; Group Structure. 
 (a) Except for the WFOE, 100% of the equity interest of which is owned by the Company, the Company does not presently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture,
association, or other entity. The WFOE does not have any subsidiaries, does not own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity and does not maintain any
offices or branches or subsidiaries except for its offices in Lhasa, Tibet, Xinqiao, Jiangsu, PRC. 
 (b) Prior to the Initial Closing, the
Company and the WFOE shall have taken all necessary actions and executed and delivered (or otherwise received) all necessary approval documents, permits and licenses (together, the “Restructuring Documents”), to properly and legally
complete the reorganization of the Group Companies in a manner satisfactory to the Investors, so as to provide that the WFOE is a wholly-owned subsidiary of the Company (the “Restructuring”). 
 (c) Except as set forth in Schedule 3.3(c) of the Disclosure Schedule, the PRC Companies shall possess all requisite approvals, permits and
licenses for the conduct of the principal business as currently conducted and proposed to be conducted by the PRC Companies and for the ownership and operation of its assets and property in the PRC. 
 (d) The PRC Companies shall possess all requisite approvals, permits and licenses for the conduct of the principal business as currently conducted and
proposed to be conducted by the PRC Companies and for the ownership and operation of its assets and property in the PRC. 
 3.4 Due
Authorization. All corporate action on the part of the Company, the WFOE and the Founders and, as applicable, their respective officers, directors and shareholders necessary for (i) the authorization, execution and delivery of, and the
performance of all obligations of the Company, the WFOE and each of the Founders under this Agreement, the Shareholders Agreement and any other agreements to which it is a party and the execution of which is contemplated hereunder (the
“Ancillary Agreements”), and (ii) the authorization, issuance, reservation for issuance and delivery of all of the Purchased Shares being sold under this Agreement and of the Conversion Shares has been taken or will be taken
prior to the first Subsequent Closing. Each of this Agreement, the Shareholders Agreement and the Ancillary Agreements is a valid and binding obligation of the Company, the WFOE and each of the Founders enforceable in accordance with its terms,
subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 
 3.5 Valid Issuance of Purchased Shares. 
 (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and nonassessable and will be free of restrictions on transfer other than restrictions on
transfer under 

  

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this Agreement, the Shareholders Agreement and under applicable securities laws. The Ordinary Shares issuable upon conversion of the Series A Shares have
been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Second Restated Articles, will be duly and validly issued, fully paid, and nonassessable and will be free of restrictions on transfer other than
restrictions on transfer under this Agreement and the Shareholders Agreement and under applicable securities laws. 
 (b) The outstanding
capital shares of the Group Companies are duly and validly issued, fully paid and nonassessable, and all outstanding shares, options, warrants and other securities of the Group Companies in each instance have been duly and validly issued in full
compliance with the requirements of all applicable securities laws and regulations, or in compliance with applicable exemptions therefrom, and all other provisions of applicable securities laws and regulations, including, without limitation,
anti-fraud provisions. 
 3.6 Liabilities. No Group Company has any indebtedness for borrowed money in excess of US$25,000
individually or in the aggregate that it has directly or indirectly created, incurred, assumed, or guaranteed, or with respect to which the Group Company has otherwise become directly or indirectly liable, except in the ordinary course of business.

 3.7 Title to Properties and Assets. Each Group Company has good and marketable title to its material properties and assets held in
each case subject to no mortgage, pledge, lien, encumbrance, security interest or charge of any kind, other than such mortgage, pledge, lien, encumbrance, security interest or charge that would not materially adversely affect the use and enjoyment
by the applicable Group Company of its material properties and assets covered or affected thereby. With respect to the property and assets it leases and to the best knowledge of the Company, each Group Company is in compliance with such leases and
such Group Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets. 
 3.8 Status of Proprietary Assets. For purposes of this Agreement, (i) “Proprietary Assets” shall mean all patents, patent
applications, trademarks, trademark applications, service marks, service mark applications, trade names, domain names, copyrights, copyright registrations and applications and all other rights corresponding thereto, inventions, databases and all
rights therein, all computer software including all source code, object code, firmware, development tools, files, records and data, including all media on which any of the foregoing is stored, formulas, designs, trade secrets, confidential and
proprietary information, proprietary rights, know-how and processes of a company, and all documentation related to any of the foregoing; and (ii) “Registered Intellectual Property” means all Proprietary Assets of any Group
Company, wherever located, that is the subject of an application, certificate, filing, registration or other document issued by, filed with or recorded by any government authority. Each Group Company (i) has independently developed and owns
free and clear of all claims, security interests, liens or other encumbrances, or (ii) has a valid right or license to use all Proprietary Assets, including Registered Intellectual Property, necessary and appropriate for its business as now
conducted and as proposed to be conducted and without any conflict with or infringement of the rights of others. Schedule 3.8 of the Disclosure Schedule contains a complete list of Proprietary Assets, including all Registered
Intellectual Property, of each Group Company. There are no outstanding options, licenses, agreements or rights of any kind granted by any Group Company or any other party relating to any Proprietary Assets or Registered Intellectual Property, nor is
any Group Company bound by or a party to any 

  

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options, licenses, agreements or rights of any kind with respect to the Proprietary Assets or Registered Intellectual Property of any other person or entity,
except, in either case, for standard end-user agreements with respect to commercially readily available intellectual property such as “off the shelf” computer software. No Group Company nor any Founder has received any written
communications alleging that it has violated or, by conducting its business as proposed, would violate any Proprietary Assets of any other person or entity, nor is there any reasonable basis therefor. None of the current officers, employees or
consultants of any Group Company (at the time of their employment or engagement by a Group Company) has been or is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any
judgment, decree or order of any court or administrative agency, that would interfere with the use of his, her or its best efforts to promote the interests of such Group Company or that would conflict with the business of such Group Company as
proposed to be conducted or that would prevent such officers, employees or consultants from assigning to such Group Company inventions conceived or reduced to practice in connection with services rendered to such Group Company. Neither the execution
nor delivery of this Agreement, the Shareholders Agreement and any Ancillary Agreement, nor the carrying on of the business of any Group Company by its employees, nor the conduct of the business of any Group Company as proposed, will conflict with
or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant or instrument under which any of such employees is now obligated. Each Group Company and Founder believes that it will not be
necessary to utilize any inventions of any of the Group Companies’ employees (or people the Group Companies currently intend to hire) made prior to or outside the scope of their employment by the relevant Group Company. Except as set forth in
Schedule 3.8 of the Disclosure Schedule, no government funding, facilities of any educational institution or research center, or funding from third parties has been used in the development of any Proprietary Assets of any Group Company.
Notwithstanding the foregoing, any such governmental or third party funding or use of facilities does not grant such governmental authority or third party any ownership or license rights to the Proprietary Assets of any Group Company. 
 3.9 Corporate Documents. The First Restated Articles is attached hereto as Exhibit B-1, the Second Restated Articles are attached hereto as
Exhibit B-2, and each PRC Company’s memorandum and articles of association (or equivalent constitutional document) and business license in effect as of the date hereof and as of the date of the first Subsequent Closing is attached to
Schedule 3.9 of the Disclosure Schedule. 
 3.10 Solvency. None of the Group Companies has made a general assignment for the
benefit of its creditors. No proceeding has been or is instituted by or against any Group Company seeking to adjudicate any of them bankrupt or insolvent, or seeking liquidation, winding up or reorganization, moratorium, arrangement, adjustment,
protection, relief or composition of its debts under any applicable laws relating to bankruptcy, insolvency or reorganization. 
 3.11
Material Contracts and Obligations. All oral or written agreements, contracts, leases, licenses, instruments, commitments, indebtedness, liabilities and other obligations to which any Group Company is a party or by which it is bound that
(i) are material to the conduct and operations of its business and properties, (ii) involve any of the officers, consultants, directors, employees or shareholders of the Group Company; or (iii) obligate such Group Company to share,
license or develop any product or technology and have been made available for inspection by the Investors and their counsel (in each case, including any amendments, 

  

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modifications or supplements thereto). For purposes of this Section 3.11, “material” shall mean (i) having an aggregate
value, cost or amount, or imposing liability or contingent liability on any Group Company, in excess of US$100,000 or that extend for more than one year beyond the date of this Agreement, (ii) not terminable upon thirty (30) days notice
without incurring any penalty or obligation, (iii) containing exclusivity, non-competition, or similar clauses that impair, restrict or impose conditions on any Group Company’s right to offer or sell products or services in specified
areas, during specified periods, or otherwise, (iv) not in the ordinary course of business, (v) transferring or licensing any Proprietary Assets to or from any Group Company (other than licenses granted in the ordinary course of business
or licenses from commercially readily available “off the shelf” computer software) or (vi) an agreement the termination of which would be reasonably likely to have a Material Adverse Effect. 
 3.12 Litigation. There is no material action, suit, proceeding, claim, arbitration or investigation (“Action”) pending (or, to
the best knowledge of the Company, the WFOE and any of the Founders, currently threatened) against any of the Group Companies, any Group Company’s activities, properties or assets or against any officer, director or employee of any Group
Company in connection with such officer’s, director’s or employee’s relationship with, or actions taken on behalf of any Group Company. To the best knowledge of the Company, the WFOE and any of the Founders, there is no factual or
legal basis for any such Action that is likely to result, individually or in the aggregate, in any material adverse change in the business, properties, assets, financial condition, affairs or prospects of any Group Company. By way of example, but
not by way of limitation, there are no Actions pending against any of the Group Companies or, to the best knowledge of the Company and the WFOE, threatened against any of the Group Companies, relating to the use by any employee of any Group Company
of any information, technology or techniques allegedly proprietary to any of their former employers, clients or other parties. None of the Group Companies is a party to or subject to the provisions of any order, writ, injunction, judgment or decree
of any court or government agency or instrumentality and there is no Action by any Group Company currently pending or which it intends to initiate. 
 3.13 Compliance with Laws; Consents and Permits. None of the Group Companies is in violation of any applicable statute, rule, regulation, directive, order or restriction of any domestic or foreign government or any instrumentality or
agency thereof in respect of the conduct of its business or the ownership of its properties. All consents, licenses, permits, approvals, orders, authorizations or registrations, qualifications, designations, declarations or filings by or with any
governmental authority and any third party which are required to be obtained or made by each Group Company and each of the Founders in connection with the consummation of the transactions contemplated hereunder shall have been obtained or made prior
to and be effective as of the Initial Closing. Each Group Company has all material franchises, permits, licenses and any similar authority necessary for the conduct of its business as currently conducted and as proposed to be conducted, the absence
of which would be reasonably likely to have a Material Adverse Effect. None of the Group Companies is in material default under any of such franchises, permits, licenses or other similar authority. The establishment of the Company and the
acquisition of all shares of capital stock of the Company currently issued and outstanding were undertaken in compliance with all relevant rules and regulations of the PRC, and all filings and registrations with the relevant PRC authorities as
required in connection with such establishment and acquisition of shares have been duly undertaken and completed. 
  

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 3.14 Compliance with Other Instruments and Agreements. None of the Group Companies is in, nor
shall the conduct of its business as currently or proposed to be conducted result in, a violation, breach or default of any term of the constitutional documents of the respective Group Company (the “Constitutional Documents”), nor
in material violation, breach or default in respect of any term or provision of any oral or written mortgage, indenture, contract, agreement or instrument to which the Group Company is a party or by which it may be bound (the “Group Company
Contracts”) or of any provision of any judgment, decree, order, statute, rule or regulation applicable to or binding upon the Group Company. None of the activities, agreements, commitments or rights of any Group Company is ultra vires or
unauthorized. The execution, delivery and performance of and compliance with this Agreement, the Shareholders Agreement and any Ancillary Agreement and the consummation of the transactions contemplated hereby and thereby will not result in any such
violation, breach or default, or be in conflict with or constitute, with or without the passage of time or the giving of notice or both, either a default under any Group Company’s Constitutional Documents or any Group Company Contract, or a
violation of any statutes, laws, regulations or orders, or an event which results in the creation of any lien, charge or encumbrance upon any asset of any Group Company. 
 3.15 Disclosure. Each of the Company, the WFOE and the Founders has fully provided the Investors with all the information that the Investors have reasonably requested for deciding whether to purchase the
Purchased Shares and all information that each of the Company, the WFOE and the Founders believes is reasonably necessary to enable the Investors to make such decision. No representation or warranty by any of the Company, the WFOE and the Founders
in this Agreement and no information or materials provided by any of the Company, the WFOE or the Founders to the Investors in connection with the negotiation or execution of this Agreement or any agreement contemplated hereby contains or will
contain any untrue statement of a material fact, or omits or will omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances in which they are made, not
misleading. Any business plan or other financial projections and strategic plans delivered to the Investors by or on behalf of any of the Group Companies fairly describe the current and intended business of the Group Companies and represent a good
faith assessment and estimate of the performance of the Group Companies for the periods covered thereby based on assumptions set forth therein which are reasonable when made and continue to be reasonable as of the date of the first Subsequent
Closing. 
 3.16 Registration Rights. Except as provided in the Shareholders Agreement, neither the Company, nor any other Group
Company has granted or agreed to grant any person or entity any registration rights (including piggyback registration rights) with respect to, nor is the Company obliged to list, any of the Company’s shares (or the shares of any PRC Company) on
any securities exchange. Except as contemplated under this Agreement and the Shareholders Agreement, there are no voting or similar agreements which relate to the securities of the Company or the PRC Companies. 
 3.17 Financial Statements; Projections. (a) The Company has delivered to the Investors the final but yet-to-be-signed draft of audited
consolidated balance sheet, income statement and cash flow statement of the WFOE as at December 31, 2004 and 2005, for the fiscal years then ended (which financial statements have been prepared and audited and will be certified by a firm of
independent certified public accountants of recognized international standing and reputation selected by the Company and acceptable to the Investors), as well as the unaudited consolidated balance sheet, income statement and cash flow statement of
the WFOE as at and 

  

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for the 3-month period ended March 31, 2006 (collectively, the “Financial Statements”). Such Financial Statements (i) are in
accordance with the books and records of the applicable Group Company, (ii) are true, correct and complete and present fairly the financial condition of such Group Company at the date or dates therein indicated and the results of operations for
the period or periods therein specified, and (iii) have been prepared in accordance with the International Financial Reporting Standards applied on a consistent basis (“IFRS”), except as to the unaudited consolidated financial
statements, for the omission of notes thereto and normal year-end audit adjustments. Specifically, but not by way of limitation, the respective balance sheets of the Financial Statements disclose all of the respective Group Company’s material
debts, liabilities and obligations of any nature, whether due or to become due, as of their respective dates (including, without limitation, absolute liabilities, accrued liabilities, and contingent liabilities) to the extent such debts, liabilities
and obligations are required to be disclosed in accordance with IFRS. Each Group Company has good and marketable title to all assets set forth on the balance sheets of the respective Financial Statements, except for such assets as have been spent,
sold or transferred in the ordinary course of business since their respective dates. Except as disclosed in the Financial Statements, none of the Group Companies is a guarantor or indemnitor of any indebtedness of any other person or entity. Each
Group Company maintains and will continue to maintain a standard system of accounting established and administered in accordance with generally accepted accounting principles as required in the jurisdiction where it is incorporated. 
 (b) The financial projections and business plan provided by the WFOE to the Investors prior to the date hereof were reasonably prepared on a basis
reflecting management’s best estimates, assumptions and judgments, at the time provided to the Investors, as to the future financial performance of the PRC Group. 
 3.18 Activities Since Balance Sheet Date. There has not been, since March 31, 2006 (the “Balance Sheet Date”) with respect to the Company or the WFOE: 
 (a) any change in the assets, liabilities, financial condition or operating results of such Group Company from that reflected in the Financial Statements,
except changes in the ordinary course of business that have not been, in the aggregate, materially adverse; 
 (b) any material adverse
change in the contingent obligations of such Group Company by way of guarantee, endorsement, indemnity, warranty or otherwise; 
 (c) any
damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, prospects or business of such Group Company (as presently conducted and as presently
proposed to be conducted); 
 (d) any waiver by such Group Company of a valuable right or of a material debt; 
 (e) any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by such Group Company, except such satisfaction,
discharge or payment made in the ordinary course of business that is not material to the assets, properties, financial condition, operating results or business of such Group Company; 
  

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 (f) any material change or amendment to a material contract or arrangement by which such Group Company or
any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; 
 (g) any material change in any compensation arrangement or agreement with any present or prospective employee, contractor or director; 
 (h) any sale, assignment or transfer of any Proprietary Assets or other material intangible assets of such Group Company, other than those required to be transferred pursuant to this Agreement; 
 (i) any resignation or termination of any Key Employee of such Group Company; 
 (j) any mortgage, pledge, transfer of a security interest in, or lien created by such Group Company, with respect to any of such Group Company’s
properties or assets, except liens for taxes not yet due or payable and such encumbrances incurred by the WFOE in the ordinary course of business consistent with past practice; 
 (k) any debt, obligation, or liability incurred, assumed or guaranteed by such Group Company individually in excess of US$10,000 or in excess of
US$25,000 in the aggregate except such debt or liability is incurred in the ordinary course of business; 
 (l) any declaration, setting
aside or payment or other distribution in respect of any of such Group Company’s share capital, or any direct or indirect redemption, purchase or other acquisition of any of such share capital by such Group Company (but excluding the sale of
Series A Shares hereunder); 
 (m) any material failure to conduct business in the ordinary course, consistent with such Group Company’s
past practices; 
 (n) any transactions with any of its officers, directors or employees, or any members of their immediate families, or any
entity controlled by any of such individuals; 
 (o) any other event or condition of any character which could reasonably be expected to have
a Material Adverse Effect; or 
 (p) any agreement or commitment by such Group Company to do any of the things described in this
Section 3.18. 
 3.19 Tax Matters. The provisions for taxes in the respective Financial Statements are sufficient for the payment
of all accrued and unpaid applicable taxes of the covered Group Company, whether or not assessed or disputed as of the date of each such balance sheet. There have been no examinations or audits of any tax returns or reports by any applicable
governmental agency, other than routine tax inspections conducted by an applicable governmental agency in the ordinary course of business. Each Group Company has duly filed all tax returns required to have been filed by it and paid all taxes shown
to be due on such returns. Each Group Company is not subject to any waivers of applicable statutes of limitations with respect to taxes for any year. Since the Balance Sheet Date (or the date of its organization with respect to the WFOE), none of
the Group Companies has incurred any taxes, assessments 

  

 11 

 
or governmental charges other than in the ordinary course of business and each Group Company has made adequate provisions on its books of account for all
taxes, assessments and governmental charges with respect to its business, properties and operations for such period. Each Group Company has withheld or collected from each payment made to each of its employees, the amount of all taxes (including,
but not limited to, PRC income taxes) required to be withheld or collected therefrom, and has paid the same to the proper tax authority. Each Group Company is not a “Foreign Personal Holding Company” (“FPHC”), a
“Controlled Foreign Corporation” (“CFC”), or a “Passive Foreign Investment Company,” as such terms are defined in the United States Internal Revenue Code of 1986, as amended (the “Code”).

 3.20 Interested Party Transactions. Except as set forth in Schedule 3.20 of the Disclosure Schedule: 
 (a) No officer or director of a Group Company or any “Affiliate” or “Associate” (as those terms are defined in
Rule 405 promulgated under the Act) of any such person has any agreement (whether oral or written), understanding, proposed transaction with, or is indebted to, any Group Company, nor is any Group Company indebted (or committed to make loans or
extend or guarantee credit) to any of such persons (other than for accrued salaries, reimbursable expenses or other standard employee benefits). 
 (b) No officer or director of a Group Company has any direct or indirect ownership interest in any firm or corporation with which a Group Company is affiliated or with which a Group Company has a business relationship, or any firm or
corporation that competes with a Group Company. 
 (c) No Affiliate or Associate of any officer or director of a Group Company is directly or
indirectly interested in any material contract with a Group Company. No officer or director of a Group Company or any Affiliate or Associate of any such person has had, either directly or indirectly, a material interest in: (a) any person or
entity which purchases from or sells, licenses or furnishes to a Group Company any goods, property, intellectual or other property rights or services; or (b) any contract or agreement to which a Group Company is a party or by which it may be
bound or affected. 
 (d) There is no agreement between any officer or director of a Group Company or any Affiliate or Associate of any such
person and any other shareholder with respect to the ownership or control of any Group Company. 
 (e) There are no loans, guarantees,
cross-guarantees, pledges, credit or other similar agreements, monies due, advances made or other funds transferred (or any commitment to make any such loans or extensions of guarantee or credit), between any Group Company and any employees,
officers, directors, or shareholders thereof, or between one Group Company and another Group Company. 
 3.21 Environmental and Safety
Laws. None of the Group Companies is in material violation of any applicable statute, law, or regulation relating to the environment or occupational health and safety and no material expenditures are or will be required in order to comply with
any such existing statute, law or regulation. 
 3.22 Employee Matters. Each Group Company has complied in all material aspects with
all applicable employment and labor laws. The Company is not aware that any officer or key employee intends to terminate their employment with any Group Company, 

  

 12 

 
nor does any Group Company have a present intention to terminate the employment of any officer or key employee. Other than the Employment Agreements to be
entered into pursuant to Section 5.5 hereof, none of the Group Companies is a party to or bound by any currently effective employment contract, incentive plan, profit sharing plan, retirement agreement or other employee compensation
agreement. Each Key Employees, officer, director and consultant of the Group Companies has duly executed a confidentiality agreement (the “Confidentiality Agreement”) and a service contract in the form or forms delivered to the
Investors. None of the Group Companies is aware that any of such employees, officers, directors or consultants are in violation of such Confidentiality Agreement or service contract. 
 3.23 Exempt Offering. Subject in part to the truth and accuracy of the Investors’ representations set forth in Section 4 of this
Agreement, the offer and sale of the Purchased Shares under this Agreement is exempt from the registration or qualification requirements of any applicable securities laws and regulations, and the issuance of Ordinary Shares upon conversion of the
Purchased Shares in accordance with the Company’s Memorandum and Articles of Association (as may be amended from time to time) will be exempt from such registration or qualification requirements. 
 3.24 No Other Business. Other than (i) such business as may be performed on and behalf of the Group Companies, or (ii) as set forth on
Schedule 3.24 of the Disclosure Schedule, the officers of a Group Company are not engaged in any business and do not otherwise participate in, directly or indirectly (whether as an officer, employee, partner, consultant, or holder of a
majority equity interest), or lend their name (or any part, variant or formative thereof) to, any other business. 
 3.25 Minute
Books. The minute books of each Group Company which have been made available to the Investors contain a materially complete summary of all meetings and actions taken by directors and shareholders or owners of such Group Company since 2001, and
reflect all transactions referred to in such minutes accurately in all material respects. 
 3.26 Other Representations and Warranties
Relating to the PRC Companies. 
 (a) The constitutional documents and material certificates and related contracts and agreements of each
of the PRC Companies are valid and have been duly approved or issued (as applicable) by competent PRC authorities. 
 (b) All material
consents, approvals, authorizations or licenses required under PRC law for the due and proper establishment and operation of each of the PRC Companies have been duly obtained from the relevant PRC authorities and are in full force and effect.

 (c) All material filings and registrations with the PRC authorities required in respect of each of the PRC Companies and its operations,
including but not limited to the registrations with the Ministry of Foreign Trade and Economic Cooperation (or its successor, the Ministry of Commerce), the State Administration of Industry and Commerce, the State Administration for Foreign
Exchange, tax bureau, customs authorities and product registration authorities have been duly completed in accordance with the relevant rules and regulations. 
  

 13 

 (d) The registered capital of each of the PRC Companies is fully paid up. The Company legally and
beneficially owns 100% of the equity interest in the WFOE. There are no outstanding rights, or commitments made by any of the PRC Companies to sell any of its equity interest. 
 (e) None of the PRC Companies is in receipt of any letter or notice from any relevant authority notifying revocation of any permits or licenses issued to
it for noncompliance or the need for compliance or remedial actions in respect of the activities carried out directly or indirectly by it. 
 (f) Each of the PRC Companies has been conducting and will conduct its business activities within the permitted scope of business or is otherwise operating its business in full compliance with all relevant legal requirements and with all
requisite licenses, permits and approvals granted by competent PRC authorities. 
 (g) In respect of approvals, licenses or permits requisite
for the conduct of any part of the business of each of the PRC Companies which are subject to periodic renewal, neither the Company nor the WFOE nor any Founder, has any reason to believe that such requisite renewals will not be timely granted by
the relevant PRC authorities. 
 (h) Except as set forth in Schedule 3.26 of the Disclosure Schedule, with regard to employment and
staff or labor management, each of the PRC Companies has complied with all applicable PRC laws and regulations in all material respects, including without limitation, laws and regulations pertaining to welfare funds, social benefits, medical
benefits, insurance, retirement benefits, and pensions. 
 (i) All PRC regulatory and corporate authorizations and approvals, where
applicable, have been obtained in respect of the Restructuring Documents, which are currently, or will be as of the Initial Closing, and shall as of the first Subsequent Closing continue to be, valid and subsisting under PRC law and in accordance
with their respective terms. 
 3.27 Advisor’s Fee. Except for as set forth in Schedule 3.27 of the Disclosure Schedule,
there exists no agreement or understanding between any Group Company or any of its affiliates and any investment bank or other financial advisor under which such Group Company may owe any brokerage, placement or other fees relating to the offer or
sale of the Purchased Shares. 
 3.28 Insurance. Except as listed in Section 3.28 of the Disclosure Schedule, there are no
insurance policies maintained by or on behalf of any Group Company. All insurance policies maintained by the Group Companies are in full force and effect, and all premiums due thereon have been paid. Each of the Group Companies has complied in all
material respects with the terms and provisions of such policies. The insurance coverage amounts provided by such policies are customary for companies similarly situated. 
 3.29 Compliance with Anti-Money Laundering Laws. Each of the Group Companies complies with anti-money laundering laws, rules, and regulations of its own jurisdiction, has established and maintains an anti-money
laundering program in accordance with laws, rules and regulations of its jurisdiction, and does not to its knowledge have a business relationship with any persons subject to any sanctions list. 
  

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 3.30 Compliance with Foreign Corrupt Practices Law. Each of the Group Companies (a) is aware
of and familiar with the provisions of the U.S. Foreign Corrupt Practices Act of 1977, as amended (“FCPA”) and its purposes and all laws, regulations, notices, decrees and decisions in applicable jurisdictions concerning bribery
issues (“Applicable Anti-Bribery Laws”) and (b) have taken no action and made no payment (including promises to take action or to make payments) in violation of, or that might cause any other party or its affiliates or
subsidiaries to be in violation of, the FCPA, Applicable Anti-Bribery Laws or any other applicable laws and regulations. 
 4. REPRESENTATIONS AND
WARRANTIES OF THE INVESTORS 
 Each Investor severally and not jointly represents and warrants to the Company as follows that as to
itself: 
 4.1 Authorization. The Investor has all requisite power, authority and capacity to enter into this Agreement and the
Shareholders Agreement, and to perform its obligations under this Agreement and the Shareholders Agreement. This Agreement has been duly authorized, executed and delivered by the Investor. This Agreement and the Shareholders Agreement, when executed
and delivered by the Investor, will constitute valid and legally binding obligations of the Investor, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’
rights generally and to general equitable principles. 
 4.2 Purchase for Own Account. The Purchased Shares and the Conversion Shares
will be acquired for the Investor’s own account, not as a nominee or agent, and not with a view to or in connection with the sale or distribution of any part thereof. 
 4.3 Exempt from Registration; Restricted Securities. The Investor understands that the Purchased Shares and the Conversion Shares will not be
registered or listed publicly pursuant to any applicable securities laws and regulations, on the ground that the sale provided for in this Agreement is exempt from registration under registration or listing requirements of applicable securities laws
and regulations, and that the reliance of the Company on such exemption is predicated in part on the Investor’s representations set forth in this Agreement. The Investor understands that the Purchased Shares and the Conversion Shares are not
registered or listed publicly and must be held indefinitely unless they are subsequently registered or listed publicly or an exemption from such registration or listing is available. 
 4.4 Compliance Matters. The Investor’s execution, delivery and performance of and compliance with this Agreement, the Shareholders Agreement
and any Ancillary Agreement and the consummation of the transactions contemplated hereby and thereby will not result in any violation, breach or default, or be in conflict with or constitute, with or without the passage of time or the giving of
notice or both, either a default under such Investor’s constitutional documents, or a violation of any statutes, laws, regulations or orders applicable to such Investor. 
  

 15 

 5. COVENANTS OF THE COMPANY AND THE WFOE AND THE FOUNDERS 
 Each of the Company, the WFOE and the Founders covenants to the Investors as follows: 
 5.1 Use of Proceeds from the Sale of Purchased Shares. The proceeds from the sale of the Purchased Shares (the “Proceeds”) shall
be used by the Company and the WFOE in the manner set forth in a statement of use of proceeds to be agreed upon in writing between the Company, the WFOE and the Investors prior to the Initial Closing (the “Statement of Proceeds”).

 5.2 Confidentiality, Non-compete and Invention Assignment Agreement. The Company and the PRC Companies shall cause all of their
respective future employees and consultants to enter into a standard form service contract and the Confidentiality Agreement. In addition, the Company and the PRC Company shall cause all of their respective existing and future employees to enter
into agreements properly assigning, transferring or confirming any ownership rights relating to any Proprietary Assets of the Company or the PRC Company. 
 5.3 Tax. 
 (a) The Company shall not, and shall cause the shareholders of the Company not to, without
the written consent of the Investors, issue or transfer shares in the Company to any person if following such issuance or transfer the Company, in the reasonable determination of counsel or accountants for the Investors, would be either a CFC or a
FPHC as defined in the Code with respect to the shares held by the Investors. No later than two (2) months following the end of each Company taxable year, the Company shall provide the following information to the Investors: (i) the
Company’s capitalization table as of the end of the last day of such taxable year and (ii) a report regarding the Company’s status as a CFC. In addition, the Company shall provide the Investors with access to such other Company
information as may be required by the Investors to determine the Company’s status as a CFC or a FPHC, to determine whether the Investors are required to report its pro rata portion of the Company’s “Subpart F income” (as defined
in the Code) on its United States federal income tax return, or to allow the Investors to otherwise comply with applicable United States federal income tax laws. In the event that the Company is determined by counsel or accountants for the Investors
to be either a CFC or FPHC as defined in the Code (or any successor thereto) with respect to the shares held by the Investors, Company agrees to use commercially reasonable efforts to avoid generating (i) for any taxable year in which the
Company is a CFC, “subpart F income,” as such term is defined in Section 952 of the Code, and (ii) for any taxable year in which the Company is an FPHC, “foreign personal holding company income,” as such term is defined
in Section 553 of the Code. In the event that Company is determined by counsel or accountants for the Investors to be either a CFC or a FPHC as defined in the Code (or any successor thereto) with respect to the shares held by any Investor,
Company agrees, to the extent permitted by law, to annually make dividend distributions to each Investor in an amount equal to fifty percent (50%) of any income deemed distributed to such Investor pursuant to either of the foregoing provisions.

 (b) The Company shall use its best efforts to avoid being a “passive foreign investment company” within the meaning of
Section 1297 of the Code (or any successor thereto). In connection with a “Qualified Electing Fund” election made by any Investor pursuant to Section 1295 of the Code (or any successor thereto), the Company shall provide annual
financial information to the Investors in the PFIC annual information statement and shall provide the Investors with access to such other Company information as 

  

 16 

 
may be required for purposes of filing United States federal income tax returns in connection with such Qualified Electing Fund election. In the event that
an Investor who has made a “Qualified Electing Fund” election must include in its gross income for a particular taxable year its pro rata share of the Company’s earnings and profits pursuant to Section 1293 of the Code (or any
successor thereto), the Company agrees to the extent permitted by law, to make a dividend distribution to such Investor (no later than ninety (90) days following the end of the Investor’s taxable year) in an amount equal to fifty percent
(50%) of the amount so included by such Investor. 
 (c) The Company shall obtain representations, warranties and covenants from each
entity in which it invests or has invested substantially to the effect of the representations, warranties and covenants contained in the foregoing Sections 5.3(a) and (b) and such additional representations, warranties and covenants as shall be
necessary to allow the Company to comply with the provisions of the foregoing Sections 5.3(a) and (b). 
 (d) Except to the extent that the
Investors elect otherwise, the Company shall take such actions, including making an election to be treated as a corporation or refraining from making an election to be treated as a partnership, as may be required to ensure that at all times the
Company is treated as a corporation for United States federal income tax purposes. 
 5.4 Tax Indemnity. Each of the Company, the WFOE
and the Founders hereby, jointly and severally, undertakes to pay to the Investors on demand an amount equal to the amount of any diminution in the value of the Series A Shares, and to indemnify the Investors against any and all losses, liabilities,
damages, suits, obligations, judgments or settlements or any kind (including, without limitation, all reasonable legal costs, costs of recovery and other expenses incurred by the Investors) resulting from any claim of taxation (including those
resulting from cancellation or reclamation of tax benefits of any kind relating to the Group Companies or the Restructuring Documents) arising from an event that occurred or is deemed to have occurred prior to the first Subsequent Closing, including
without limitation, in connection with the Restructuring Documents. 
 5.5 Employment Agreement. No later than May 30, 2006, each
officer and employee of the Group Companies as set forth on Exhibit E (the “Key Employees”) hereto shall enter into an employment agreement (each, an “Employment Agreement” and collectively, the
“Employment Agreements”) in form and substance satisfactory to the Investors, which employment agreements shall set forth provisions regarding compensation, non-competition, and such other terms and conditions as shall be approved
by the Board. 
 5.6 Employee Stock Option Plan. 
 (a) Shares Reserved. 52,631,579 Ordinary Shares (the “ESOP Reserved Shares”) shall be reserved for allocation to employees, officers, directors, consultants or other service providers of the
Company or any of its subsidiaries (collectively, the “Employees”) pursuant to bona fide service or employment-related share purchase or option plans and allocations approved by the Board and holders of at least an eighty percent
(80%) majority of the voting power of the then outstanding Series A Shares (each such plan, an “ESOP”). 
 (b)
Vesting. Unless otherwise approved by the Board and holders of at least a majority of the voting power of the then outstanding Series A Shares, all securities issued under any ESOP shall be subject to the following vesting schedule: 25% of
the 

  

 17 

 
securities will vest on the one (1) year anniversary of such issuance, and the remaining 75% of the securities will vest monthly thereafter in equal
installments for thirty-six (36) months. 
 5.7 Reservation of Ordinary Shares. The Company will at all times keep reserved for
issuance and delivery upon conversion of the Series A Shares such number of Ordinary Shares or other shares of the Company from time to time issuable upon conversion of any Series A Shares and will, from time to time, take all necessary actions to
amend its Memorandum of Association to provide sufficient reserve of Ordinary Shares for issuance upon conversion of the Series A Shares. 
 5.8 TUV Certification. The WFOE shall obtain a certificate evidencing compliance with IEC 61215 AND TUV Safety Class II no later than June 30, 2006. 
 5.9 Real Property Title and Building Permits. The WFOE shall obtain all the necessary land use right certificates, building construction permits and other relevant authorizations and approvals with respect to
its principal place of business and operation located in the Electronic Park, Xinbei District, Changzhou, Jiangsu Province, China no later than July 31, 2006. 
 5.10 Employee Benefit Reserved Funds. The WOFE shall rectify and fully comply with the laws and regulations pertaining to welfare funds, social benefits, housing fund, medical benefits, insurance, retirement
benefits, and pensions for all of it eligible employees immediately after Closing. 
 5.11 Transfer of Intellectual Property.
Mr. Gao Jifan and Changzhou Trina Investment Co. Ltd. shall effectuate and complete the transfer of all the intellectual property rights listed in Exhibit G as soon as practicable. All applications for transfer all patents shall have
been made and formally accepted such relevant government authorities before May 31, 2006. All applications for transfer of all trademarks shall be made and formally accepted by relevant government authorities before October 30, 2006.

 5.12 Additional Covenants. Except as required by this Agreement, no resolution of the directors, owners, members, partners or
shareholders of any of the Company or the WFOE shall be passed, nor shall any material contract or commitment be entered into, in each case, prior to the first Subsequent Closing, other than in the ordinary course of business, without the prior
written consent of the Investors, except that the Company and the WFOE may carry on their respective business in the same manner as heretofore and may pass resolutions and enter into contracts for so long as they are effected in the ordinary course
of business. 
 If at any time before the first Subsequent Closing, the Company, the WFOE or any of the Founders comes to know of any
material fact or event which: 
 (a) is in any way materially inconsistent with any of the representations and warranties given by the Company
or the PRC Companies, and/or 
 (b) suggests that any material fact warranted may not be as warranted or may be materially misleading, and/or

  

 18 

 (c) might affect the willingness of a prudent investor to purchase the Purchased Shares or the amount of
consideration which the Investors would be prepared to pay for the Purchased Shares, the Company, the WFOE or the Founders shall give immediate written notice thereof to the Investors in which event each Investor may within fourteen
(14) business days of receiving such notice terminate this Agreement by written notice without any penalty whatsoever and without prejudice to any rights that the Investors may have under this Agreement or applicable law. In such case, each of
the Company and the WFOE shall jointly and severally indemnify the Investors against all costs, charges and expenses incurred by it in connection with the negotiation, preparation and termination of this Agreement, the Shareholders Agreement and the
Ancillary Agreements. 
 6. CONDITIONS TO INVESTORS’ OBLIGATIONS AT THE CLOSING 
 The obligation of each Investor to purchase its Purchased Shares at the Closing is subject to the fulfillment, to the satisfaction of the Investors or
waiver on or prior to the Closing, of the following conditions: 
 6.1 Representations and Warranties True and Correct. The
representations and warranties made by the Company, the WFOE and the Founders in Section 3 hereof shall be true and correct and complete when made, and shall be true and correct and complete as of the date of the Closing with the same force and
effect as if they had been made on and as of such date, subject to changes contemplated by this Agreement. 
 6.2 Performance of
Obligations. Each of the Company, the WFOE and the Founders shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the
Closing. 
 6.3 Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated hereby
and all documents and instruments incident to such transactions shall be satisfactory in substance and form to the Investors, and the Investors shall have received all such counterpart originals or certified or other copies of such documents as it
may reasonably request. 
 6.4 Approvals, Consents and Waivers. Each Group Company shall have obtained any and all approvals, consents
and waivers necessary for consummation of the transactions contemplated by this Agreement as well as the Restructuring Documents, including, but not limited to, all permits, authorizations, approvals, consents or permits of any governmental
authority or regulatory body. 
 6.5 Due Diligence. The Investors shall have completed and be satisfied, in their sole discretion,
with the results of all business, legal and financial due diligence (including, without limitation, any customer interviews at the request of the Investors) with respect to the Group Companies, and any items requiring correction identified by
the Investors shall have been corrected to such Investor’s satisfaction. 
 6.6 Compliance Certificate. The Company, the WFOE,
GAO Jifan, WU Chunyan, Trina International Investment Co., Ltd. and Perseverance International Investment Co., Ltd. shall each deliver to the Investors a certificate, dated the date of the applicable Subsequent Closing, signed by the Company’s
President or director, the legal representative of each of the WFOE, Trina International Investment Co., Ltd., Perseverance International Investment Co., Ltd., GAO Jifan and WU Chunyan, respectively, certifying that the 

  

 19 

 
conditions specified in Sections 6.1 and 6.2 have been fulfilled and stating that there shall have been no material adverse change in the business,
affairs, prospects, operations, properties, assets or condition of the Company and the WFOE since the date of this Agreement. 
 6.7
Securities Laws. The offer and sale of the Purchased Shares to the Investors pursuant to this Agreement shall be exempt from the registration and/or qualification requirements of all applicable securities laws. 
 6.8 Amendment to Constitutional Documents. The First Restated Articles (as of the Initial Closing) and the Second Restated Articles (as of the
first Subsequent Closing) shall have been duly adopted by the Company by all necessary corporate action of its Board and its shareholders and duly filed with the Cayman Islands Registrar of Companies. 
 6.9 Register of Members. The Investors shall have received a copy of the Company’s register of members, certified by a director of the
Company as true and complete as of the date of the Closing, updated to show the Investors as the holders of their respective number of Purchased Shares as of the Closing. 
 6.10 Appointment of Directors. As of the Initial Closing, QIU Liping and David LEE shall have been added to the Board, such that the members of the Board shall consist of Messrs. GAO Jifan, LIU Canfang, SHI
Jianwei, YIP Lai Shing, WU Chunyan, QIU Liping, and David LEE. As of the first Subsequent Closing, Dr. Sven M. HANSEN and Mr. GAO Jiqing shall have been added to the Board, such that the members of the Board shall consist of Messrs.
GAO Jifan, LIU Canfang, SHI Jianwei, YIP Lai Shing, WU Chunyan, QIU Liping, David LEE, Dr. Sven M. HANSEN, and GAO Jiqing. 
 6.11
Opinions of the Company’s Counsel. The Company shall have delivered to the Investors legal opinions by Cayman Island counsel and PRC counsel with respect to the Group Companies, dated the date of the first Subsequent Closing, each in a
form reasonably acceptable to the Investors (and, for such purpose, would include having them addressed to COFRA Holding AG). 
 6.12
Execution of Shareholders Agreement. The Company shall have delivered to the Investors the Shareholders Agreement, duly executed by the Company and all other parties thereto (except for the Investors). 
 6.13 Execution of Statement of Proceeds. The Company shall have delivered to the Investors the Statement of Proceeds. 
 6.14 No Material Adverse Effect. There shall have been no Material Adverse Effect since the date of this Agreement. 
 6.15 Number of Shares Sold. No less than 204,678,363 Purchased Shares shall have been purchased and subscribed for at the Initial Closing.

 6.16 Payment of Legal Expenses. The Company shall have reimbursed Milestone at the Initial Closing the fees and expenses as set
forth in Section 9.15 hereof; or in lieu thereof, such fees and expenses may be properly deducted from the aggregate sale proceeds to be paid by Milestone to the Company at the Initial Closing in connection with the purchase of the Series A
Shares. 
  

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 7. CONDITIONS TO COMPANY’S OBLIGATIONS AT THE CLOSINGS 
 The obligations of the Company under this Agreement with respect to the Investors are subject to the fulfillment at or before the Closing of the following
conditions: 
 7.1 Representations and Warranties. The representations and warranties of the Investors contained in Section 4
hereof shall be true and correct as of the Closing. 
 7.2 Payment of Purchase Price. The Investors shall have delivered to the
Company the Purchase Price in accordance with Section 2. 
 7.3 Restated Articles Effective. The First Restated Articles (as of
the Initial Closing) and the Second Restated Articles (as of the first Subsequent Closing) shall have been duly adopted by the Company by all necessary corporate action by its Board and shareholders. 
 7.4 Securities Exemptions. The offer and sale of the Purchased Shares to the Investors pursuant to this Agreement shall be exempt from the
registration and/or qualification requirements of all applicable securities laws. 
 7.5 Execution of Shareholders Agreement. The
Investors shall have executed and delivered to the Company the Shareholders Agreement. 
 8. CONFIDENTIALITY. 
 8.1 Disclosure of Terms. The terms and conditions of this Agreement, any term sheet or memorandum of understanding entered into pursuant to the
transactions contemplated hereby, all exhibits and schedules attached hereto and thereto, any other document contemplated hereunder, and the transactions contemplated hereunder and thereunder, including their existence (collectively, the
“Financing Terms”), shall be considered confidential information and shall not be disclosed by any Party to any third party except as otherwise permitted in accordance with the provisions set forth below. 
 8.2 Permitted Disclosures. Notwithstanding the foregoing, after the applicable Closing, (i) any party may disclose the Financing Terms, the
existence of the investment and the identity of the Investors solely to its current investors, investment bankers, lenders, accountants, legal counsels, employees, and bona fide prospective investors, in each case only where such persons or entities
are under strict nondisclosure obligations; provided, however, that the Company may disclose to third parties the fact that each Investor (except for Realm Investments Limited and any of its affiliates including Good Energies
Investments BV and COFRA Holding AG) is an investor in the Company without obtaining nondisclosure obligations from such third parties; and (ii) each Investor may, at its option, disclose the Financing Terms and the existence of its respective
investment in the Company to any person, in a press release, or pursuant to any other public announcement. In the event that an Investor has disclosed information pertaining to the transactions contemplated hereunder in a press release or other
public announcement, any such information so disclosed may subsequently be disclosed by the Company or any other Investor. 
  

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 8.3 Legally Compelled Disclosure. In the event that any party is requested or becomes legally
compelled (including without limitation, pursuant to applicable securities laws or as required by applicable rules of any stock exchange or securities regulatory authority) to disclose the existence of this Agreement or content of any of the
Financing Terms in contravention of the provisions of this Section 8, such party (the “Disclosing Party”) shall provide the other Parties with prompt written notice of that fact and shall consult with the other Parties
regarding such disclosure. The Disclosing Party shall, to the extent possible and with the cooperation and reasonable efforts of the other parties, seek a protective order, confidential treatment or other appropriate remedy. In such event, the
Disclosing Party shall furnish only that portion of the information which is legally required and shall exercise reasonable efforts to obtain reliable assurance that confidential treatment will be accorded such information. 
 8.4 Press Releases, Etc. Within sixty (60) days after the applicable Closing, the Company may issue a press release disclosing that the
Investors have invested in the Company; provided, however, that (i) such press release shall not disclose any other Financing Terms; and (ii) the content of such press release shall have been approved in writing in advance by
the Investor(s) whose names are disclosed in such press release and the Founders. No other announcements regarding any Financing Term may be made by the Company in any press conference, professional or trade publication, marketing materials or
otherwise to the general public without the prior written consent of the Investor(s) whose name is to be included in such disclosure, which consent may be granted or withheld in the sole discretion of such Investor. 
 8.5 Other Confidentiality Obligations. The provisions of this Section 8 shall be in addition to, and not in substitution for, the
provisions of any separate nondisclosure agreement executed by any of the Parties with respect to the transactions contemplated hereby. 
 8.6 Notices. All notices required under this Section 8 shall be made pursuant to Section 9.6 of this Agreement. 
 9.
MISCELLANEOUS 
 9.1 Governing Law. This Agreement shall be governed by and construed exclusively in accordance the internal
laws of Hong Kong without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of Hong Kong to the rights and duties of the parties hereunder. 
 9.2 Survival. The representations, warranties, covenants and agreements made herein shall survive the execution and delivery of this Agreement,
and shall in no way be affected by any investigation made by any Party and the closing of the transactions contemplated hereby. 
 9.3
Indemnity. The Company, the WFOE and each of the Founders shall, jointly and severally, indemnify and hold harmless the Investors, and the Investors’ directors, officers, employees, affiliates, agents and assigns (each, an
“Indemnitee”), against any and all Indemnifiable Losses to such Indemnitee, directly or indirectly, as a result of, or based upon or arising from any inaccuracy in or breach of nonperformance of any of the representations,
warranties, covenants or agreements made by the Company, the WFOE and/or any of the Founders in or pursuant to this Agreement. For purposes of this Section 9.3, “Indemnifiable Loss” means, with 

  

 22 

 
respect to any Indemnitee, any action, cost, damage, disbursement, expense, liability, loss, deficiency, diminution in value, obligation, penalty or
settlement of any kind or nature, whether foreseeable or unforeseeable, including, but not limited to, (i) interest or other carrying costs, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the
investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Indemnitee and (ii) any taxes that may be payable by such Indemnitee as a result of
the indemnification of any Indemnifiable Loss hereunder. In the event of an Indemnifiable Loss, the Parties may require the Company to redeem the issued and outstanding Series A Shares in accordance with Section 7.5 of the Second Amended and
Restated Memorandum of Association of the Company. 
 9.4 Successors and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the Parties whose rights or obligations hereunder are affected by such amendments. This Agreement and the rights
and obligations therein may not be assigned by the Investors without the written consent of the Company except to a parent corporation, a subsidiary or an affiliate. This Agreement and the rights and obligations therein may not be assigned by the
Company, the WFOE or any of the Founders without the written consent of all Investors. 
 9.5 Entire Agreement. This Agreement, the
Shareholders Agreement, any Ancillary Agreements, and the schedules and exhibits hereto and thereto, which are hereby expressly incorporated herein by this reference constitute the entire understanding and agreement between the parties with regard
to the subjects hereof and thereof; provided, however, that nothing in this Agreement or related agreements shall be deemed to terminate or supersede the provisions of any confidentiality and nondisclosure agreements executed by the
Parties prior to the date hereof, which agreements shall continue in full force and effect until terminated in accordance with their respective terms. 
 9.6 Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been
duly given (a) when hand delivered to the other party, upon delivery; (b) when sent by facsimile at the number set forth in Exhibit F hereto, upon receipt of confirmation of error-free transmission; (c) seven
(7) business days after deposit in the mail as air mail or certified mail, receipt requested, postage prepaid and addressed to the other Party as set forth in Exhibit F; or (d) three (3) business days after deposit with an
internationally recognized express delivery service, postage prepaid, addressed to the parties as set forth in Exhibit F with next business-day delivery guaranteed, provided that the sending Party receives a confirmation of delivery from the
delivery service provider. 
 Each person making a communication hereunder by facsimile shall promptly confirm by telephone to the person to
whom such communication was addressed each communication made by it by facsimile pursuant hereto but the absence of such confirmation shall not affect the validity of any such communication. A Party may change or supplement the addresses given
above, or designate additional addresses, for purposes of this Section 9.6 by giving, the other Party written notice of the new address in the manner set forth above. 
 9.7 Amendments and Waivers. Any term of this Agreement may be amended only with the written consent of the Company and each Investor,
provided, however, the addition of any Subsequent Purchasers as “Investors” hereunder and the updating of Exhibit A 

  

 23 

 
and/or Exhibit F attached hereto in order to reflect such additions shall not constitute an amendment of this Agreement, and consent of the Company
and the Investors shall not be required. 
 9.8 Delays or Omissions. No delay or omission to exercise any right, power or remedy
accruing to the Company, the WFOE, the Founders or the Investors, upon any breach or default of any Party under this Agreement, shall impair any such right, power or remedy of the Company, the WFOE, the Founders or the Investors nor shall it be
construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach of default thereafter occurring; nor shall any waiver of any other breach or default theretofore or thereafter occurring. Any waiver,
permit, consent or approval of any kind or character on the part of the Company, the WFOE, the Founders or the Investors of any breach of default under this Agreement or any waiver on the part of the Company, the WFOE, the Founders or the Investors
of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, or by law or otherwise afforded to the Company, the
WFOE, the Founders and the Investors shall be cumulative and not alternative. 
 9.9 Advisor’s Fees. The Company represents and
warrants to the other Party that it has retained no advisor, finder or broker in connection with the transactions contemplated by this Agreement, other than disclosed in Schedule 3.27 of the Disclosure Schedule. Each of the Group Companies
hereby agrees to indemnify and to hold harmless the Investors hereto from and against any liability for any commission or compensation in the nature of an advisor’s or finder’s fee of any broker or other person or firm (and the costs and
expenses of defending against such liability or asserted liability) for which any Group Company or any of its employees or representatives are responsible. 
 9.10 Interpretation; Titles and Subtitles. This Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting party
shall not be employed in interpreting this Agreement. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. Unless otherwise expressly provided
herein, all references to Sections and Exhibits herein are to Sections and Exhibits of this Agreement. 
 9.11 Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. Counterparts transmitted by facsimile shall be deemed to be originals. 
 9.12 Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the
extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such
provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use best
efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the parties’ intent in entering into this Agreement. 
  

 24 

 9.13 Further Assurances. Each Party shall from time to time and at all times hereafter make, do,
execute, or cause or procure to be made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by this Agreement.

 9.14 Dispute Resolution. 
 (a) Negotiation Between Parties. The Parties agree to negotiate in good faith to resolve any dispute between them regarding this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of all parties
within thirty (30) days, Section 9.14(b) shall apply. 
 (b) Arbitration. In the event the parties are unable to settle a
dispute between them regarding this Agreement in accordance with subsection (a) above, such dispute shall he referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre in accordance with the UNCITRAL
Arbitration Rules (the “UNCITRAL Rules”) in effect, which rules are deemed to be incorporated by reference into this subsection (b). The arbitration tribunal shall consist of three arbitrators to be appointed according to the
UNCITRAL Rules. The language of the arbitration shall be English. 
 9.15 Expenses. The Company shall reimburse Milestone Capital
Management Ltd. (“Milestone”) at the Initial Closing, all legal, financial, administrative and other fees and expenses incurred by Milestone in connection with the transactions contemplated hereunder (the “Deal
Expenses”) in an amount not to exceed the greater of (i) US$300,000 or (ii) one percent (1%) of the aggregate proceeds paid to the Company for the purchase of all Series A Shares issued and sold by the Company to all
Investors pursuant to this Agreement; provided, however, that in lieu of such reimbursement, the Company agrees that Milestone shall be entitled to deduct the Deal Expenses from the aggregate Purchase Price payable by Milestone for its
Series A Shares. 
 9.16 Termination. This Agreement may be terminated by the Investors or the Company on or after June 1, 2006,
by written notice to the other party, if the Initial Closing has not occurred on or prior to such date. Such termination under this Section 9.16 shall be without prejudice to any claims for damages or other remedies that the parties may have
under this Agreement or applicable law. 
 9.17 Specific Performance. Each of the Parties recognizes and acknowledges that a breach by
it of any covenants or agreements contained in this Agreement will cause the other party to sustain damage for which it would not have an adequate remedy at law for money damages, and therefore each of the Parties agrees that in the event of any
such breach the aggrieved party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity.

 9.18 Conflicts Between Different Translations. This Agreement shall be executed in English and, in the event of any conflict
between the English language version of this Agreement and any translation of this Agreement into a language other than English, such English language version shall prevail, except with respect of any disclosure schedules to this Agreement, which
may be provided in Chinese in whole or in part and shall not be translated into English. 
  

 25 

 9.19 Restatement of Prior Agreement. The parties to this Agreement, pursuant to Section 9.7
of the Prior Agreement and on behalf of all parties to the Prior Agreement, hereby agree that this Agreement shall amend, restate, and supersede the Prior Agreement in all respects. 
 [Signature Page Follows] 
  

 26 

 IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to duly
execute this Agreement as of the date and year first above written. 
  

			
	COMPANY:
	
	TRINA SOLAR ENERGY HOLDING LIMITED CO.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	Director
	
	WFOE:
	
	CHANGZHOU TRINA SOLAR ENERGY CO., LTD.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	LEGAL REPRESENTATIVE

 [SIGNATURE PAGE OF AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT]

  

 IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to duly execute this
Agreement as of the date and year first above written. 
  

			
	THE FOUNDERS:
	
	GAO Jifan
		
	By:	 	 /s/ Gao Jifan

	
	WU Chunyan
		
	By:	 	 /s/ WU Chunyan

	
	TRINA INTERNATIONAL INVESTMENT CO., LTD.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	Director
	
	 PERSEVERANCE INTERNATIONAL
 INVESTMENT CO.,
LTD.

		
	By:	 	 /s/ Wu Chunyan

	Name:	 	Wu Chunyan
	Title:	 	Director

 [SIGNATURE PAGE OF AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT]

 IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to duly
execute this Agreement as of the date and year first above written. 
  

			
	THE INVESTORS:
	
	INDOPARK HOLDINGS LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	MILESTONE SOLAR HOLDINGS I LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	MILESTONE SOLAR HOLDINGS II LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	TRIUMPH SKY TECHNOLOGY LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	ACCURATE GROUP HOLDINGS LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	VDCI SA
		
	By:	 	 /s/

	Name:	 	
	Title:	 	

 [SIGNATURE PAGE OF AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT]

			
	THE INVESTORS:
	
	IPROP HOLDINGS LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	REALM INVESTMENTS LIMITED
		
	By:	 	 /s/ John Hammill

	Name:	 	John Hammill
	Title:	 	Director
		
	By:	 	 /s/ Sven Hansen

	Name:	 	Sven Hansen
	Title:	 	Authorized Signatories

 [SIGNATURE PAGE OF AMENDED AND RESTATED SERIES A PREFERRED SHARE PURCHASE AGREEMENT]

 LIST OF EXHIBITS 
  

			
	Exhibit A-1	 	Schedule of Investors
		
	Exhibit A-2	 	Shareholders and Persons Holding Options, Warrants, etc. as of the Date Hereof
		
	Exhibit A-3	 	Shareholders and Persons Holding Options, Warrants, etc. Immediately After Share Split but Prior to Initial Closing
		
	Exhibit A-4	 	Shareholders and Persons Holding Options, Warrants, etc. Immediately Upon Initial Closing
		
	Exhibit A-5	 	Shareholders and Persons Holding Options, Warrants, etc. Immediately Upon First Subsequent Closing
		
	Exhibit A-6	 	Series A Shares to be Sold at First Subsequent Closing and any Additional Subsequent Closings
		
	Exhibit B-1	 	First Amended and Restated Memorandum and Articles of Association
		
	Exhibit B-2	 	Second Amended and Restated Memorandum and Articles of Association
		
	Exhibit C	 	Disclosure Schedule
		
	Exhibit D	 	Shareholders Agreement
		
	Exhibit E	 	Key Officers and Employees
		
	Exhibit F	 	Notice
		
	Exhibit G	 	List of Intellectual Property Rights to be Transferred from Gao Jifan to WFOE

 EXHIBIT A-1 
 Schedule of Investors 
 Milestone Solar Holdings I Limited 
 Company no.: 1020560 
 Registered address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
Islands 
 Milestone Solar Holdings II Limited 
 Company
no.: 1020561 
 Registered address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Triumph Sky Technology Limited 
 Company no.: 1013001 
 Registered address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Accurate Group Holdings Limited 
 Company no.: 587612 
 Registered address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Indopark Holdings Limited 
 Company no.: 57270 
 Registered address: c/o DTOS Ltd, 4th Floor, IBL House, Caudan, Port Louis, Republic of Mauritius 
 VDCI S.A. 
 Company no.: B 70292 
 Registered address: 35, boulevard Prince Henri, L-1724 Luxembourg 
 IPROP Holdings Limited 
 Company no.: not applicable 
 Registered address: P. O. Box 662, Citco
Building, Wickhams Cay, Road Town, Tortola, British Virgin Islands 
 Realm Investments Limited 
 Company no.: 90670 
 Registered address: 3rd Floor, Britannic House, 9 Hope
Street, St Helier, Jersey, Channel Islands, JE2 3NS 
  

 EXHIBIT A-2 
 SHAREHOLDERS AND PERSONS HOLDING OPTIONS, WARRANTS, ETC. AS OF THE DATE HEREOF 
  

					
	 Investor
	  	Ordinary Shares	  	Total Issued
Shares
	 Sino Base Investment Co Ltd
	  	1,896	  	1,896
	 Trina International Investment Limited
	  	3,248	  	3,248
	 Divine Land International Investment Limited
	  	1,896	  	1,896
	 Perseverance International Investment Limited
	  	1,064	  	1,064
	 South Great Investment Limited
	  	1,896	  	1,896
		  	 	  	 
	 Total:
	  	10,000	  	10,000
		  	 	  	 

 EXHIBIT A-3 
 SHAREHOLDERS AND PERSONS HOLDING OPTIONS, WARRANTS, ETC. 
 IMMEDIATELY AFTER SHARE SPLIT BUT PRIOR
TO INITIAL CLOSING 
  

					
	 Investor
	  	Ordinary Shares	  	Total Issued
Shares
	 Sino Base Investment Co Ltd
	  	189,600,000	  	189,600,000
	 Trina International Investment Limited
	  	324,800,000	  	324,800,000
	 Divine Land International Investment Limited
	  	189,600,000	  	189,600,000
	 Perseverance International Investment Limited
	  	106,400,000	  	106,400,000
	 South Great Investment Limited
	  	189,600,000	  	189,600,000
	 ESOP
	  	52,631,579	  	52,631,579
		  	 	  	 
	 Total:
	  	1,052,631,579	  	1,052,631,579
		  	 	  	 

 EXHIBIT A-4 
 SHAREHOLDERS AND PERSONS HOLDING OPTIONS, WARRANTS, ETC. 
 IMMEDIATELY UPON INITIAL CLOSING

  

							
	 Investor
	  	Ordinary Shares	  	Series A Preferred
Shares	  	Total Issued
Shares
	 Sino Base Investment Co Ltd
	  	189,600,000	  		  	189,600,000
	 Trina International Investment Limited
	  	324,800,000	  		  	324,800,000
	 Divine Land International Investment Limited
	  	189,600,000	  		  	189,600,000
	 Perseverance International Investment Limited
	  	106,400,000	  		  	106,400,000
	 South Great Investment Limited
	  	189,600,000	  		  	189,600,000
	 ESOP
	  	52,631,579	  		  	52,631,579
	 Milestone Solar Holdings I Limited
	  		  	68,226,121	  	68,226,121
	 Indopark Holdings Limited
	  		  	136,452,242	  	136,452,242
		  	 	  	 	  	 
	 Total:
	  	1,052,631,579	  	204,678,363	  	1,257,309,942
		  	 	  	 	  	 

 EXHIBIT A-5 
 SHAREHOLDERS AND PERSONS HOLDING OPTIONS, WARRANTS, ETC. 
 IMMEDIATELY UPON FIRST SUBSEQUENT CLOSING

  

							
	 Investor
	  	Ordinary Shares	  	Series A Preferred
Shares	  	Total Issued
Shares
	 Sino Base Investment Co Ltd
	  	189,600,000	  		  	189,600,000
	 Trina International Investment Limited
	  	324,800,000	  		  	324,800,000
	 Divine Land International Investment Limited
	  	189,600,000	  		  	189,600,000
	 Perseverance International Investment Limited
	  	106,400,000	  		  	106,400,000
	 South Great Investment Limited
	  	189,600,000	  		  	189,600,000
	 ESOP
	  	52,631,579	  		  	52,631,579
	 Milestone Solar Holdings I Limited
	  		  	136,452,242	  	136,452,242
	 Milestone Solar Holdings II Limited
	  		  	13,645,225	  	13,645,225
	 VDCI SA
	  		  	20,467,836	  	20,467,836
	 IPROP Holdings Limited
	  		  	20,467,836	  	20,467,836
	 Triumph Sky Technology Limited
	  		  	68,226,121	  	68,226,121
	 Accurate Group Holdings Limited
	  		  	13,645,224	  	13,645,224
	 Indopark Holdings Limited
	  		  	136,452,242	  	136,452,242
	 Realm Investments Limited
	  		  	136,452,242	  	136,452,242
		  	 	  	 	  	 
	 Total:
	  	1,052,631,579	  	545,808,968	  	1,598,440,547
		  	 	  	 	  	 

 EXHIBIT A-6 
 SERIES A SHARES TO BE SOLD AT FIRST SUBSEQUENT CLOSING AND ANY 
 ADDITIONAL SUBSEQUENT CLOSINGS

  

			
	 Name of Investor
	  	Number of Series A Shares
	 Milestone Solar Holdings I Limited
	  	68,226,121
	 Milestone Solar Holdings II Limited
	  	13,645,225
	 VDCI SA
	  	20,467,836
	 IPROP Holdings Limited
	  	20,467,836
	 Triumph Sky Technology Limited
	  	68,226,121
	 Accurate Group Holdings Limited
	  	13,645,224
	 Realm Investments Limited
	  	136,452,242
		  	 
	 Total
	  	341,130,605
		  	 

 EXHIBIT B-1 
 First Amended and Restated Memorandum and Articles of Association 

 EXHIBIT B-2 
 Second Amended and Restated Memorandum and Articles of Association 
 [Please see Exhibit 3.1 to the
Form F-1 Registration Statement] 

 EXHIBIT C 
 Disclosure Schedule 

 EXHIBIT D 
 Shareholders Agreement 
 [Please see Exhibit 4.6 to the Form F-1 Registration Statement] 

 EXHIBIT E 
 Key Officers and Employees 
  

	
	Gao Jifan    

	
	Wu Chunyan    

	
	Fang Dacheng    

	
	Zhang Yinhua    

	
	Zhu Yu    

	
	Gao Jiqing    

	
	Zhou Mingyang    

	
	Qiu Diming    

	
	Wu Hua    

	
	Sheng Jianming    

	
	Tan Jianlin    

 EXHIBIT F 
 Notices 
 To the Company, the WFOE or any of the Founders: 
 Ms. Hua Wu 
 Changzhou Trina Solar Energy
Co., Ltd. 
 No. 2 Xin Yuan Yi Road 
 Electronic Park 
 New District 
 Chang Zhou City 213031, China 
 Fax: 86 519 548 5869 
 To Milestone: 
 Mr. Liping Qiu 
 Unit A 904-905, Huixin Plaza 
 No. 8
Beichen Road, Chaoyang District 
 Beijing 100101, China 
 Fax: 86 10 8497 1449 
 To Indopark: 
 c/o Mr. David J. Lee 
 Merrill Lynch (Asia Pacific) Limited 
 17/F ICBC Tower 
 3 Garden Road, Central

 Hong Kong 
 Fax: 852 2161 7148

 To Realm Investments Limited: 
 Mr. John
Hammill 
 9 Hope Street, St. Helier 
 Jersey, Channel Islands 
 JE2 3NS 
 Fax: 44 1534 754 510 
 To IPROP Holdings Limited: 
 Alan Grieve 
 c/o V & R Managament
Services AG 
 Hinterbergstrasse 22 
 CH6330 Cham 
 Switzerland 
 Fax: + 41 727 2356 
 To VDCI SA: 
 Alan
Grieve 
 c/o Richemont Luxury Group SA 
 35 boulevard Prince Henri 
 L1724 Luxembourg 
 Fax: +352 22 4219 

 EXHIBIT G 
 List of Intellectual Property Rights to be Transferred from Gao Jifan to WFOE 

 AMENDED AND RESTATED APRIL 28, 2006 
 THE COMPANIES LAW (REVISED) 
 OF THE CAYMAN ISLANDS 
 COMPANY LIMITED BY SHARES 
 FIRST
AMENDED AND RESTATED MEMORANDUM OF ASSOCIATION 
 OF 
 TRINA SOLAR ENERGY HOLDING LIMITED CO. 
  

	1.	Name 

 The name of the Company is Trina Solar Energy
Holding Limited Co. (the “Company”). 
  

	2.	Registered Office 

 The Registered Office of the
Company shall be at the offices of Corporate Filing Services Limited, 4th Floor, Harbour Centre, P.O. Box 613, Geroge Town, Grand Cayman, Cayman Islands, British West Indies or at such other place as the Board of Directors of the Company (the
“Board”) may from time to time decide. 
  

	3.	General Objects 

 The objects for which the Company
is established are unrestricted and shall include, without limitation, the following: 
  

	 	(i)    (a)	To carry on the business of an investment company and to act as promoters and entrepreneurs and to carry on business as financiers, capitalists, concessionaires, merchants, brokers,
traders, dealers, agents, importers and exporters and to undertake and carry on and execute all kinds of investment, financial, commercial, mercantile, trading and other operations. 

  

	 	(b)	To carry on whether as principals, agents or otherwise howsoever the business of making and holding all legal investments. 

  

	 	(ii)	 To exercise and enforce all rights and powers conferred by or incidental to the ownership of any shares, stock, obligations or other securities including without
prejudice to the generality of the foregoing all such powers of veto or control as may 

	 	 
be conferred by virtue of the holding by the Company of some special proportion of the issued or nominal amount thereof, to provide managerial and other
executive, supervisory and consultant services for or in relation to any company in which the Company is interested upon such terms as may be thought fit. 

  

	 	(iii)	To purchase or otherwise acquire, to sell, exchange, surrender, lease, mortgage, charge, convert, turn to account, dispose of and deal with real and personal property and rights of
all kinds and, in particular, mortgages, debentures, produce, concessions, options, contracts, patents, annuities, licenses, stocks, shares, bonds, policies, book debts, business concerns, undertakings, claims, privileges and choses in action of all
kinds. 

  

	 	(iv)	To subscribe for, conditionally or unconditionally, to underwrite, issue on commission or otherwise, take, hold, deal in and convert stocks, shares and securities of all kinds and
to enter into partnership or into any arrangement for sharing profits, reciprocal concessions or cooperation with any person or company and to promote and aid in promoting, to constitute, form or organize any company, syndicate or partnership of any
kind, for the purpose of acquiring and undertaking any property and liabilities of the Company or of advancing, directly or indirectly, the objects of the Company or for any other purpose which the Company may think expedient.

  

	 	(v)	To stand surety for or to guarantee, support or secure the performance of all or any of the obligations of any person, firm or company whether or not related or affiliated to the
Company in any manner and whether by personal covenant or by mortgage, charge or lien upon the whole or any part of the undertaking, property and assets of the Company, both present and future, including its uncalled capital or by any such method
and whether or not the Company shall receive valuable consideration therefor. 

  

	 	(vi)	To engage in or carry on any other lawful trade, business or enterprise which may at any time appear to the Board capable of being conveniently carried on in conjunction with any of
the aforementioned businesses or activities or which may appear to the Board likely to be profitable to the Company. 

 In the
interpretation of this First Amended and Restated Memorandum of Association, as it may be amended from time to time (the “Memorandum of Association”) in general and of this Article 3 in particular no object, business or power
specified or mentioned shall be limited or restricted by reference to or inference from any other object, business or power, or the name of the Company, or by the juxtaposition of two or more objects, businesses or powers and that, in the event of
any ambiguity in this clause or elsewhere in this Memorandum of Association, the same shall be resolved by such interpretation and construction as will widen and enlarge and not restrict the objects, businesses and powers of and exercisable by the
Company. 
  

 2 

	4.	General Power 

 Except as prohibited or limited by
the Companies Law (2004 Revision), the Company shall have full power and authority to carry out any object and shall have and be capable of from time to time and at all times exercising any and all of the powers at any time or from time to time
exercisable by a natural person or body corporate in doing in any part of the world whether as principal, agent, contractor or otherwise whatever may be considered by it necessary for the attainment of its objects and whatever else may be considered
by it as incidental or conducive thereto or consequential thereon, including, but without in any way restricting the generality of the foregoing, the power to make any alterations or amendments to this Memorandum of Association and the First Amended
and Restated Articles of Association of the Company (the “Articles of Association”) considered necessary or convenient in the manner set out in the Articles of Association of the Company, and the power to do any of the
following acts or things, viz: 
 to pay all expenses of and incidental to the promotion, formation and incorporation of the Company; to
register the Company to do business in any other jurisdiction; to sell, lease or dispose of any property of the Company; to draw, make, accept, endorse, discount, execute and issue promissory notes, debentures, bills of exchange, bills of lading,
warrants and other negotiable or transferable instruments; to lend money or other assets and to act as guarantors; to borrow or raise money on the security of the undertaking or on all or any of the assets of the Company including uncalled capital
or without security; to invest monies of the Company in such manner as the Board determines; to promote other companies; to sell the undertaking of the Company for cash or any other consideration; to distribute assets in specie to members of the
Company (the “Members”); to make charitable or benevolent donations; to pay pensions or gratuities or provide other benefits in cash or kind to the Board, officers, employees, past or present and their families; to purchase
Directors and officers liability insurance and to carry on any trade or business and generally to do all acts and things which, in the opinion of the Company or the Board, may be conveniently or profitably or usefully acquired and dealt with,
carried on, executed or done by the Company in connection with the business aforesaid PROVIDED THAT the Company shall only carry on the businesses for which a license is required under the laws of the Cayman Islands when so licensed under the terms
of such laws. 
  

	5.	Limited Liability 

 The liability of each Member is
limited to the amount from time to time unpaid on such Member’s shares. 
  

	6.	Share Capital 

  

	6.1	Currency. Shares in the Company shall be issued in the currency of the United States of America. 

  

 3 

 6.2 Authorized Capital. The authorized capital of the Company is US$50,000, divided into two classes of shares, to
be designated “Ordinary Shares” and “Preferred Shares” as follows: 
  

	 	(a)	4,590,643,274 Ordinary Shares in one series of US$ 0.00001 par value (“Ordinary Shares”); and 

  

	 	(b)	409,356,726 Preferred Shares, of which all shall be designated Series A Preferred Shares, US$ 0.00001 par value per share (the “Series A Preferred Shares” or
the “Preferred Shares”). 

 For purposes of this Memorandum of Association, “Ordinary Share
Equivalent” shall mean any share or security convertible or exchangeable solely for Ordinary Shares or any option, warrant or right exercisable solely for Ordinary Shares. 
  

	7.	Rights, Qualifications of Preferred Shares. 

 The
designations, powers, preferences, rights, qualifications, limitations and restrictions applicable to the Preferred Shares shall be as follows: 
  

	7.1	Conversion. The holders of the Preferred Shares shall have conversion rights as follows (the “Conversion Rights”): 

  

	 	7.1.1	Right to Convert. Each Preferred Share, at the option of the holder thereof, shall be convertible into Ordinary Shares at any time after the date of issuance of such
Preferred Share, at the office of the Company or any transfer agent for such Preferred Share. 

  

	 	7.1.2	Automatic Conversion. Each Preferred Share shall automatically be converted into Ordinary Shares, without further action of the holder thereof or the Company, upon occurrence
of the closing of the initial firm commitment underwritten public offering by the Company of Ordinary Shares on a public stock exchange in the United States, pursuant to an effective registration statement under the United States Securities Act of
1933, as amended, or a substantially equivalent transaction in a jurisdiction other than the United States, resulting in actual proceeds received by the Company of at least US$ 30 million, and a total market capitalization of the Company,
immediately following the consummation of such offering, of at least US$150,000,000 (a “Qualified Public Offering”). In such event, the Preferred Shares shall be deemed to have been so converted as of the closing of such
Qualified Public Offering, as such closing is defined in the underwriting agreement between the Company and the underwriters with respect to such Qualified Public Offering. 

  

	 	7.1.3	Mechanics of Conversion. The conversion hereunder of any Preferred Share (a “Conversion Share”) pursuant to Section 7.1.4 shall be effected in
the following manner: 

  

 4 

	 	(a)	The Company shall redeem the Conversion Share for aggregate consideration (the “Redemption Amount”) equal to (a) the aggregate par value of any capital
shares of the Company to be issued upon such conversion and (b) the aggregate value, as determined by the Board, of any other assets which are to be distributed upon such conversion. 

  

	 	(b)	Concurrent with the redemption of the Conversion Share, the Company shall apply the Redemption Amount for the benefit of the holder of the Conversion Share to pay for any capital
shares of the Company issuable, and any other assets distributable, to such holder in connection with such conversion. 

  

	 	(c)	Upon application of the Redemption Amount, the Company shall issue to the holder of the Conversion Share all capital shares issuable, and distribute to such holder all other assets
distributable, upon such conversion. 

  

	 	(d)	Except as provided in Section 7.1.2, before any holder of Preferred Shares shall be entitled to convert the same into Ordinary Shares, such holder shall surrender the
certificate or certificates therefor, duly endorsed, at the office of the Company or of any transfer agent for the Preferred Shares, and shall give written notice by mail, postage prepaid, to the Company at its principal corporate office, of the
election to convert the same and shall state therein the name or names in which the certificate or certificates for Ordinary Shares are to be issued. The Company shall, as soon as practicable thereafter, issue and deliver at such office to such
holder of Preferred Shares, or to the nominee or nominees of such holder, a certificate or certificates for the number of Ordinary Shares to which such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made
immediately prior to the close of business on the date of such surrender of the Preferred Shares to be converted, and the person or persons entitled to receive the Ordinary Shares issuable upon such conversion shall be treated for all purposes as
the record holder or holders of such Ordinary Shares as of such date. 

  

	 	7.1.4	Number of Ordinary Shares Issuable on Conversion; Conversion Price. 

  

	 	(a)	Conversion. 

  

	 	(i)	Series A Preferred Shares. Upon conversion, each Series A Preferred Share shall be exchanged in accordance with the provisions of Section 7.1.3 for such number of fully
paid and nonassessable Ordinary Shares as is determined by dividing US$0.0732857 per share (the “Series A Preferred Shares Stated Value”) by the conversion price at the time in effect for such share. The initial conversion
price for the Series A Preferred Shares shall be US$0.0732857 per share (the “Series A Conversion Price” or the “Conversion Price”) and shall be subject to adjustment as set forth in this
Section 7.1.4. 

  

 5 

	 	(b)	Conversion Price Adjustments. The Series A Conversion Price shall be subject to adjustment from time to time as follows: 

  

	 	(i)	Adjustment for Share Splits and Combinations. If the Company shall at any time, or from time to time, effect a subdivision of the outstanding Ordinary Shares, the Series A
Conversion Price in effect immediately prior to such subdivision shall be proportionately decreased. Conversely, if the Company shall at any time, or from time to time, combine the outstanding Ordinary Shares into a smaller number of shares, the
Series A Conversion Price in effect immediately prior to the combination shall be proportionately increased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes
effective. 

  

	 	(ii)	Adjustment for Ordinary Share Dividends and Distributions. If the Company makes (or fixes a record date for the determination of Members of the Company entitled to receive) a
dividend or other distribution to the holders of the Company’s shares payable in additional Ordinary Shares, the Series A Conversion Price shall be decreased as of the time of such issuance (or in the event such record date is fixed, as of the
close of business on such record date) by multiplying the Series A Conversion Price then in effect by a fraction (x) the numerator of which is the total number of Ordinary Shares issued and outstanding immediately prior to the time of such
issuance or the close of business on such record date, and (y) the denominator of which is the total number of Ordinary Shares issued and outstanding immediately prior to the time of such issuance or the close of business on such record date
plus the number of Ordinary Shares issuable in payment of such dividend or distribution. 

  

	 	(iii)	Reorganizations, Mergers, Consolidations, Reclassifications, Exchanges, Substitutions. If at any time, or from time to time, any capital reorganization or reclassification of
the Ordinary Shares (other than as a result of a share dividend, subdivision, split or combination otherwise treated above) occurs or the Company is consolidated, merged or amalgamated with or into another person, then in any such event, provision
shall be made so that, upon conversion of such Preferred Shares thereafter, the holder thereof shall receive the kind and amount of shares and other securities and property which the holder of shares of such Preferred Shares would have received had
such Preferred Shares been converted into Ordinary Shares on the date of such event, all subject to further adjustment as provided herein, or with respect to such other securities or property, in accordance with any terms applicable thereto.

  

 6 

	 	(iv)	Sale of Shares Below the Conversion Price. 

  

	 	(A)	If at any time, or from time to time, the Company shall issue or sell Additional Ordinary Shares without consideration or for a consideration per share less than the Series A
Conversion Price in effect immediately prior to such issue, then, and in each such case, the Series A Conversion Price shall be reduced, as of the opening of business on the date of such issuance or sale, to a price equal to the price of such
Additional Ordinary Shares. 

  

	 	(B)	For the purpose of making any adjustment in the Conversion Price or number of Ordinary Shares issuable upon conversion of the Series A Preferred Shares, as provided above:

  

	 	(I)	To the extent it consists of cash, the consideration received by the Company for any issue or sale of securities shall be computed at the net amount of cash received by the Company
after deduction of any expenses payable directly or indirectly by the Company and any underwriting or similar commissions, compensations, discounts or concessions paid or allowed by the Company in connection with such issue or sale;

  

	 	(II)	To the extent it consists of property other than cash, consideration other than cash received by the Company for any issue or sale of securities shall be computed at the fair market
value thereof, as determined in good faith by the Board (including both of the Series A Directors) as of the date of the adoption of the resolution specifically authorizing such issue or sale, irrespective of any accounting treatment of such
property; and 

  

	 	(III)	If Additional Ordinary Shares or Ordinary Share Equivalents exercisable, convertible or exchangeable for Additional Ordinary Shares are issued or sold together with other stock or
securities or other assets of the Company for consideration which covers both, the consideration received for the Additional Ordinary Shares or Ordinary Share Equivalents shall be computed as that portion of the consideration received which is
reasonably determined in good faith by the Board (including both of the Series A Directors) to be allocable to such Additional Ordinary Shares or Ordinary Share Equivalents. 

  

 7 

	 	(C)	If at any time, or from time to time, the Company issues any Ordinary Share Equivalents and the Effective Conversion Price of such Ordinary Share Equivalents is less than the Series
A Conversion Price in effect immediately prior to such issuance, then, in each such case, at the time of such issuance the Company shall be deemed to have issued the maximum number of Additional Ordinary Shares issuable upon the exercise, conversion
or exchange of such Ordinary Share Equivalents and to have received in consideration for each Additional Ordinary Share deemed issued an amount equal to the Effective Conversion Price. 

  

	 	(I)	If any right to exercise, convert or exchange any Ordinary Share Equivalents shall expire without having been fully exercised, the Series A Conversion Price as adjusted upon the
issuance of such Ordinary Share Equivalents shall be readjusted to the Series A Conversion Price which would have been in effect had such adjustment been made on the basis that (A) the only Additional Ordinary Shares to be issued on such
Ordinary Share Equivalents were such Additional Ordinary Shares, if any, as were actually issued or sold in the exercise, conversion or exchange of any part of such Ordinary Share Equivalents prior to the expiration thereof and (B) such
Additional Ordinary Shares, if any, were issued or sold for (x) the consideration actually received by the Company upon such exercise, conversion or exchange, plus (y) where the Ordinary Share Equivalents consist of options, warrants or
rights to purchase Ordinary Shares, the consideration, if any, actually received by the Company for the grant of such Ordinary Share Equivalents, whether or not exercised, plus (z) where the Ordinary Share Equivalents consist of shares or
securities convertible or exchangeable for Common Shares, the consideration received for the issue or sale of Ordinary Share Equivalents actually converted. 

  

 8 

	 	(II)	For any Ordinary Share Equivalent with respect to which the Series A Conversion Price has been adjusted under this paragraph (C), no further adjustment of the Series A Conversion
Price shall be made solely as a result of the issuance of Ordinary Shares upon the actual exercise or conversion of such Ordinary Share Equivalent. 

  

	 	(D)	In the event of any increase in the number of Ordinary Shares deliverable or any reduction in consideration payable upon exercise, conversion or exchange of any Ordinary Share
Equivalents where the resulting Effective Conversion Price is less than the Series A Conversion Price at such date, including, but not limited to, a change resulting from the antidilution provisions thereof, the Series A Conversion Price shall be
recomputed to reflect such change as if, at the time of issue for such Ordinary Share Equivalent, such Effective Conversion Price applied. 

  

	 	(E)	For purposes of this Memorandum of Association, “Effective Conversion Price” means, with respect to any Ordinary Share Equivalent at a given time, an amount
equal to the quotient of (x) the sum of any consideration, if any, received by the Company with respect to the issuance of such Ordinary Share Equivalent and the lowest aggregate consideration receivable by the Company, if any, upon the
exercise, exchange or conversion of the Ordinary Share Equivalent over (y) the number of Ordinary Shares issuable upon the exercise, conversion or exchange of the Ordinary Share Equivalent. 

  

	 	(F)	For purposes of this Memorandum of Association, “Additional Ordinary Shares” means any Ordinary Shares issued by the Company (or deemed issued by the
Company under Section 7.1.4 (b)(iv)(C) hereof) other than: 

  

	 	  	(i) Up to 52,631,579 (or such greater number as is approved by the Board of Directors (including the Series A Directors) Ordinary Shares (as adjusted for any share dividends,
combinations reclassifications or splits with respect to such Ordinary Shares and the like) issued, or issued or issuable, upon exercise of any Ordinary Share Equivalent issued under employee share option plan(s) duly adopted by the Board;

  

	 	  	(ii) upon conversion of the Preferred Shares; 

  

 9 

	 	  	(iii) to financial institutions or lessors in connection with real estate leases, commercial credit arrangements, equipment financings or similar transactions approved by a majority
of the Board (including both of the Series A Directors) where the primary purpose of the arrangement is for non-equity financing; 

  

	 	  	(iv) pursuant to a strategic partnership, joint venture or other arrangement approved by a majority of the Board (including both of the Series A Directors) where the primary purpose
of the arrangement is for non-equity financing; 

  

	 	  	(v) as a dividend or distribution on the Preferred Shares or any event for which adjustment is made pursuant to Section 7.1.4 (b)(ii) hereof; 

  

	 	  	(vi) pursuant to a stock split or other similar reorganization for which adjustment is made pursuant to Section 7.1.4 (b)(i) hereof; 

  

	 	  	(vii) for consideration other than cash pursuant to a merger, consolidation, acquisition, or similar business combination approved by a majority of the Board (including both of the
Series A Directors); 

  

	 	  	(viii) pursuant to a registered public offering of the Company’s Ordinary Shares; or 

  

	 	  	(ix) pursuant to a vote of the holders of a majority of then outstanding Preferred Shares, voting together as a single class and on an as-converted basis, that such shares shall not
be deemed “Additional Ordinary Shares”. 

  

	 	(v)	 2006 Performance-Based Adjustment to the Series A Conversion Price. Upon the final delivery, which shall not be later than March 31, 2007, to the
Company of the audited consolidated or combined financial statements of the Company and its subsidiaries for the fiscal year ending on December 31, 2006, prepared in accordance with IAS consistently applied and audited and certified by a firm
of independent certified public accountants of recognized international standing and reputation (the “2006 Account”): if the consolidated after-tax net earnings as indicated in the 2006 Account (the “Actual 2006
Earnings”) is less than US$14,250,000, then the Series A Conversion Price, effective as of December 31, 2006, shall be reduced to an amount equal to US$0.0732857 per share multiplied by a fraction, (x) the numerator of which
shall be the Actual 2006 Earnings, and (y) the denominator of which shall be $15,000,000 (the 

  

 10 

	 	 
“2006 Earnings Adjustment Conversion Price”); provided, however, that in no event shall the 2006 Earnings Adjustment
Conversion Price be less than US$0.0523469 per share (the “2006 Earnings Capped Conversion Price”); provided further that if the Actual 2006 Earnings is negative, the 2006 Earning Adjustment Conversion Price shall be
equal to the 2006 Earning Capped Conversion Price; provided further, however, that, notwithstanding the foregoing, if the Series A Conversion Price in effect as of December 31, 2006 is less than 2006 Earnings Adjustment Conversion
Price, then the Series A Conversion Price shall not change as a result of this Section 7.1.4(b)(v). 

  

	 	(vi)	In case any event shall occur as to which the other provisions of this paragraph (b) are not strictly applicable but the failure to make any adjustment would not fairly protect
the Conversion Rights of any Series A Preferred Shares against dilution in accordance with the essential intent and principles of this paragraph (b), then, in each such case, the Company, in good faith, shall determine the appropriate adjustment to
be made, on a basis consistent with the essential intent and principles established in this paragraph (b) necessary to preserve, without dilution, the Conversion Rights of such Series A Preferred Shares. 

  

	 	7.1.5	Certificate of Adjustment. In the case of any adjustment or readjustment of the Conversion Price for the Series A Preferred Shares, the Company, at its sole expense, shall
compute such adjustment or readjustment in accordance with the provisions hereof and prepare a certificate showing such adjustment or readjustment, and shall mail such certificate, by first class mail, postage prepaid, to each registered holder of
Series A Preferred Shares at the holder’s address as shown in the Company’s books. The certificate shall set forth such adjustment or readjustment, showing in detail the facts upon which such adjustment or readjustment is based, including
a statement of (i) the consideration received or deemed to be received by the Company for any Additional Ordinary Shares issued or sold or deemed to have been issued or sold, (ii) the number of Additional Ordinary Shares issued or sold or
deemed to be issued or sold, (iii) the Series A Conversion Price in effect after such adjustment or readjustment, and (iv) the number of Ordinary Shares and the type and amount, if any, of other property which would be received upon
conversion of the Series A Preferred Shares after such adjustment or readjustment. 

  

	 	7.1.6	 Notice of Record Date. In the event the Company shall propose to take any action of the type or types requiring an adjustment to the Series A Conversion
Price or the number or character of such Series A Preferred Shares as set forth herein, the Company shall give notice to the holders of the Series A Preferred Shares, which notice shall specify 

  

 11 

	 	 
the record date, if any, with respect to any such action and the date on which such action is to take place. Such notice shall also set forth such facts with
respect thereto as shall be reasonably necessary to indicate the effect of such action (to the extent such effect may be known at the date of such notice) on the Series A Conversion Price and the number, kind or class of shares or other securities
or property which shall be deliverable upon the occurrence of such action or deliverable upon the conversion of the Series A Preferred Shares. In the case of any action which would require the fixing of a record date, such notice shall be given at
least 20 days prior to the date so fixed, and in the case of all other actions, such notice shall be given at least 30 days prior to the taking of such proposed action. Any notice required by the provisions of this Section 7.1.6 to be given to
the holders of Series A Preferred Shares shall be deemed given if deposited in the mail, postage prepaid, and addressed to each holder of record at such holder’s address appearing on the books of the Company. 

  

	 	7.1.7	Fractional Shares. No fractional Ordinary Shares shall be issued upon conversion of any Preferred Share. All Ordinary Shares (including fractions thereof) issuable upon
conversion of more than one Preferred Share by a holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional share. If, after such aggregation, the conversion would result in
the issuance of any fractional share, the Company shall, in lieu of issuing any fractional share, pay cash equal to the product of such fraction multiplied by the fair market value of a Ordinary Share (as determined by the Board) on the date of
conversion. 

  

	 	7.1.8	No Impairment. The Company will not, through any reorganization, recapitalization, transfer of assets, consolidation, merger, amalgamation, scheme of arrangement,
dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but the Company shall at all times in good faith
assist in the carrying out of all the provisions of this Section 7.1 and in the taking of all such action as may be necessary or appropriate in order to protect the Conversion Rights of the holders of the Preferred Shares against impairment.

  

	7.2	Voting Rights. 

  

	 	7.2.1	General. Each holder of Series A Preferred Shares shall be entitled to such number of votes as equals the whole number of Ordinary Shares into which such holder’s
Series A Preferred Shares are convertible immediately after the close of business on the record date of the determination of the Company’s shareholders entitled to vote or, if no such record date is established, at the date such vote is taken
or any written consent of the Company’s shareholders is first solicited. Except as otherwise provided herein, in the First Amended and Restated Articles of Association of the Company, as required by law, or as otherwise agreed by the Members of
the Company, the holders of Series A Preferred Shares shall vote together with the holders of Ordinary Shares, and not as a separate class or series, on all matters put before the Members of the Company. 

  

 12 

	 	7.2.2	Election of Board of Directors. 

  

	 	(a)	For so long as any Series A Preferred Shares remain outstanding, the holders of Series A Preferred Shares shall be entitled, as a separate class, to elect two (2) Directors
(the “Series A Directors”) at a general meeting or pursuant to any written consent signed by the holders of no less than fifty-one percent (51%) of then outstanding Series A Preferred Shares; provided that so long as
Milestone Solar Holdings I Limited, Milestone Solar Holdings II Limited, Triumph Sky Technology Limited, Accurate Group Holdings Limited or any of their affiliates shall hold any Series A Preferred Shares, it shall be entitled to appoint one of the
Series A Directors and provided further that so long as Indopark Holdings Limited or any of its affiliates shall hold any Series A Preferred Shares, it shall be entitled to appoint one of the Series A Directors. 

  

	 	(b)	For so long as any Series A Preferred Shares remain outstanding, the holders of outstanding Ordinary Shares shall be entitled to elect, as a separate class, five (5) Directors
(the “Ordinary Share Directors”) at a general meeting or pursuant to any written consent signed by the holders of no less than fifty-one percent (51%) of then outstanding Ordinary Shares. 

  

	 	(c)	For so long as any Series A Preferred Shares remain outstanding, the holders of outstanding Ordinary Shares and Series A Preferred Shares shall be entitled to elect, by voting as a
single class and on an as-converted basis, the remaining three (3) members of the Board at a general meeting or pursuant to any written consent signed by the holders of no less than fifty-one percent (51%) of then outstanding Ordinary
Shares (including Ordinary Shares issued or issuable upon conversion of the Series A Preferred Shares). 

  

	 	(d)	Any Director who shall have been elected by the holders of a class or series of shares or by any Directors so elected as provided in this Section 7.2.2 may be removed, either
with or without cause by, and only by, the affirmative vote of the holders of the shares of the class or series who elected such Director or Directors, given at a general meeting of such members of the Company duly called for that purpose, or
pursuant to any written consent signed by the holders of no less than fifty-one percent (51%) of then outstanding shares of the applicable class or series; and any vacancy thereby created may be filled by the holders of the shares of the
applicable class or series at such general meeting or pursuant to such written consent. 

  

 13 

	 	(e)	In the event of a vacancy in the office of any Director elected by the holders of any class or series, a successor shall be elected to hold office for the unexpired term of such
Director by the holders of shares of such class or series. 

  

	 	7.2.3	Separate Vote of Series A Preferred Shares. For so long as any Series A Preferred Shares remain outstanding, in addition to any other vote or consent required herein or by
law, the affirmative vote at a general meeting by, or the written consent signed by the holders of, no less than an eighty percent (80%) majority of the Ordinary Shares issuable upon conversion of the Series A Preferred Shares then outstanding,
voting together as a single class and to the exclusion of any other class of shares, shall be necessary to effect any of the following actions (whether directly or indirectly, or by merger, amalgamation, consolidation or otherwise) involving the
Company or any Subsidiary (as defined below): 

  

	 	(a)	Any alteration of the rights, powers, preferences or restrictions for the Series A Preferred Shares, or any increase or decrease in the authorized number of Series A Preferred
Shares or Ordinary Shares; 

  

	 	(b)	The creation, issuance, or authorization (by reclassification or otherwise) of any class or series of equity securities, or any additional securities exercisable, convertible or
exchangeable for any equity securities; 

  

	 	(c)	The amendment, alteration, waiver or repeal of any provision of the memorandum of association, articles of association or any other constitutional documents of the Company or any of
its Subsidiaries; 

  

	 	(d)	The merger, amalgamation or consolidation (or other similar transaction) of the Company or any Subsidiary with any party; 

  

	 	(e)	The sale, lease, exchange, transfer, contribution, mortgage, pledge, encumbrance or other disposition of any fixed assets or intangible assets of the Company or any Subsidiary
(whether in an individual transaction or a series of related transactions) where the value of the transaction(s) exceeds US$200,000 (excluding the sale, transfer, or other disposition of inventory by the Company or any Subsidiary in the ordinary
course of business); 

  

	 	(f)	Any filing for any bankruptcy, voluntary dissolution, winding-up, liquidation, recapitalization, reorganization, split-up or spin-off, with respect to the Company or any Subsidiary;

  

	 	(g)	Any appointment or dismissal of the outside independent auditors of the Company or any Subsidiary; 

  

 14 

	 	(h)	Any material change to the Company’s or any Subsidiary’s accounting policies, practices, methods or principles that is not (i) required by applicable regulatory
authorities or (ii) otherwise required to comply with applicable laws, rules and regulations; 

  

	 	(i)	Any material change in the business activities currently engaged by the Company or any Subsidiary; 

  

	 	(j)	The incurrence of any indebtedness or assumption of any financial obligation, or otherwise the issuance, assumption, guarantee or creation of any liability for borrowed money, that
results in a deviation of more than 10% from the planned incurrence of indebtedness amount set forth in the then-current business, financial and operating plan and annual budget plan (collectively, the “Annual Budget Plan”), which
Annual Budget Plan has been approved by the Board of Directors (including both of the Series A Directors); 

  

	 	(k)	Any capital expenditure or any purchase of intangible assets that results in a deviation of more than 5% from the planned capital expenditure or planned purchase of intangible
assets set forth in the Annual Budget Plan; 

  

	 	(l)	Any actual change in expenditures that results in a deviation of more than 10% from the planned expenditures set forth in the Annual Budget Plan; 

  

	 	(m)	Any transaction (or any series of related transactions) with any affiliate that is not (i) in the ordinary course of business and (ii) on an arms-length basis;

  

	 	(n)	Any adoption of, or material amendment to, an employee stock option plan or other similar equity incentive plan; 

  

	 	(o)	Any material change to the compensation and bonus of any executive officer or senior employee of the Company or any Subsidiary; 

  

	 	(p)	Any appointment, nomination, termination or change of the chief executive officer, chief financial officer and chief operating officer (or the equivalent) of the Company or any
Subsidiary; 

  

	 	(q)	The selection of any listing exchange for a registered initial public offering of the shares of the Company and the approval of the valuation of the Company in connection with such
offering as well as the number of shares of the Company to be sold in such offering; 

  

 15 

	 	(r)	Any increase or decrease of the authorized size of the Board; 

  

	 	(s)	Any withdrawal, disbursement, check or draft drawn on the accounts of the Company which are made outside the ordinary course of business and for an amount in excess of US$200,000;

  

	 	(t)	The commencement of any legal action, arbitration, mediation or claims and any decision to settle any lawsuits or claims; or 

  

	 	(u)	The adoption and approval of the Annual Budget Plan. 

  

	 	  	The term “Subsidiary” as used in this Section 7.2 shall mean any entity of which more than 51% of the issued and outstanding share capital or voting
interests is owned, directly or indirectly, by the Company, including, without limitation, Changzhou Trina Solar Energy Co., Ltd. 

  

	 	7.2.4	Governance of Subsidiaries. The Company shall take all steps as are necessary to cause the provisions of this Section 7.2 and Article 69 of the Articles of Association
to apply, mutatis mutandis and to the extent possible under applicable law, to the governance of any Subsidiary, including, without limitation, the composition of the board of directors for any such Subsidiary. 

  

	7.3	Dividend Preference. 

  

	 	7.3.1	Other than an Exempted Distribution, the Company shall not make any distribution (whether in cash or in property) with respect to any Ordinary Share unless a dividend shall first
have been paid with respect to all outstanding Preferred Shares in an amount for each such Preferred Share equal to or greater than the product of (i) the amount of such distribution and (ii) the number of Ordinary Shares into which such
Preferred Share is then convertible. 

  

	 	7.3.2	For purposes of this Section 7.3, “Exempted Distribution” shall mean (i) a dividend payable solely in Ordinary Shares, (ii) the repurchase of
Ordinary Shares at cost from terminated employees, officers or consultants pursuant to contractual arrangements with the Company approved by the Board, (iii) any exercise, conversion or exchange of Ordinary Share Equivalents, and
(iv) repurchase of outstanding securities of the Company that is duly approved by the Board. 

  

	7.4	Liquidation Preference. In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, distributions to the Members of the
Company shall be made in the following manner: 

  

	 	7.4.1	 Prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of the Ordinary Shares or any other class or series
of shares by reason of their ownership of such shares, the holders of the Series A Preferred Shares shall be entitled to receive the amount equal to one hundred percent (100%) of the amount originally paid by the original purchaser thereof (as
recorded in the Company’s registrar of members attached hereto as Exhibit A) for each such share of Series A Preferred Shares then held by them and, in addition, an amount equal to 

  

 16 

	 	 
all declared but unpaid dividends on the Series A Preferred Shares (the “Series A Preference Amount” or the “Preference
Amount”). If upon the occurrence of a liquidation, dissolution or winding up of the Company the assets and funds thus distributed among the holders of the Series A Preferred Shares shall be insufficient to permit the payment to such
holders of the full Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Series A Preferred Shares in proportion to the Series A Preference Amount
that each such holder is otherwise entitled to receive. 

  

	 	7.4.2	After payment has been made to holders of Series A Preferred Shares of the full Series A Preference Amount due pursuant to Section 7.4.1 above, the remaining assets of the
Company available for distribution to Members, if any, shall be distributed to the holders of the Ordinary Shares and the holders of the Series A Preferred Shares on a pro rata basis, based upon the number of shares held by each such holder,
treating for this purpose all such securities as if they have been converted into Ordinary Shares pursuant to the terms of the Memorandum of Association immediately prior to such liquidation, dissolution or winding up of the Company.

  

	 	7.4.3	Each of (i) a consolidation, amalgamation or merger (or other similar transaction) of the Company with or into any other company or companies in which the Members of the
Company do not retain a majority of the voting power in the surviving company or companies, (ii) a sale, conveyance or disposition of all or substantially all of the assets of the Company, or (iii) the exclusive licensing of substantially
all of the Company’s intellectual property rights or intangible assets shall be deemed to be a liquidation, dissolution or winding up within the meaning of this Article 7.4 (excluding any consolidation, amalgamation or merger effected
exclusively to change the domicile of the Company), such that the holders of Series A Preferred Shares and holders of Ordinary Shares shall be paid (unless the Series A Preference Payment is waived by the holders of a majority of the Series A
Preferred Shares outstanding) in cash or in securities received from the acquiring company or companies, or in a combination thereof, at the closing of any such transaction in accordance with Section 7.4.1 and 7.4.2. In the event the
requirements of this Section 7.4.3 are not complied with, the Company shall forthwith either (i) cause such closing to be postponed until such time as the requirements of this Section 7.4.3 have been complied with, or (ii) cancel
such transaction. 

  

	 	7.4.4	Notwithstanding any other provision of this Article 7.4, and subject to any other applicable provisions of this Memorandum of Association and the Articles of Association, the
Company may at any time, out of funds legally available therefor, repurchase Ordinary Shares of the Company issued to or held by employees, officers or consultants of the Company or its subsidiaries upon termination of their employment or services,
pursuant to any agreement providing for such right of repurchase, whether or not dividends on the Series A Preferred Shares shall have been declared and funds set aside therefor and such repurchases shall not be subject to the Series A Preference
Amount. 

  

 17 

	 	7.4.5	In the event the Company proposes to distribute assets other than cash in connection with any liquidation, dissolution or winding up of the Company, the value of the assets to be
distributed to the holder of Preferred Shares and Ordinary Shares shall be determined in good faith by the Board. Any securities not subject to investment letter or similar restrictions on free marketability shall be valued as follows:

  

	 	(a)	If traded on a securities exchange, the value shall be deemed to be the average of the security’s closing prices on such exchange over the thirty (30) day period ending
one (1) day prior to the distribution; 

  

	 	(b)	If traded over-the-counter, the value shall be deemed to be the average of the closing bid prices over the thirty (30) day period ending three (3) days prior to the
distribution; and 

  

	 	(c)	If there is no active public market, the value shall be the fair market value thereof as determined in good faith by the Board. 

  

	 	  	The method of valuation of securities subject to investment letter or other restrictions on free marketability shall be adjusted to make an appropriate discount from the market
value determined as above in clauses (i), (ii) or (iii) to reflect the fair market value thereof as determined in good faith by the Board. The holders of at least a majority of the outstanding Series A Preferred Shares, voting as a single
class, shall have the right to challenge any determination by the Board of fair market value pursuant to this Section 7.4.5, in which case the determination of fair market value shall be made by an independent appraiser selected jointly by the
Board and the challenging parties, the cost of such appraisal to be borne equally by the Company and the challenging parties. 

  

	7.5	Redemption and Repurchase of Shares. Notwithstanding anything to the contrary herein, the redemption of the outstanding Series A Preferred Shares shall be effected as
follows: 

  

	 	7.5.1	At any time commencing on the Redemption Trigger Event (as defined below), at the option of each holder of outstanding Series A Preferred Shares, the Company shall redeem all, but
not less than all, of the outstanding Series A Preferred Shares held by such holder out of funds legally available therefor at a redemption price for each Series A Preferred Share equal to: 

  

	 	  	US$[PRICE PER SHARE] x [(115%)N], where

  

	 	  	N = a fraction the numerator of which is the number of calendar days between the date on which any Series A Shares are first issued and the Redemption Date (as defined in below) and
the denominator of which is 365, 

  

 18 

	 	  	plus all declared but unpaid dividends thereon up to the Redemption Date (as adjusted for any share dividends, combinations, reclassifications or splits with respect to such
Shares and the like) (the “Redemption Price”). 

  

	 	  	For purposes of this Section 7.5.1, a “Redemption Trigger Event” shall be the Company’s receipt from holders of a majority in voting power of the
Series A Preferred Shares then outstanding notifying the Company in writing that such holders have determined that there has been (A) a material breach of any of the warranties, representations, covenants, undertakings, or other obligations of
the Company, the WFOE (as defined below) or the Founder (as defined below) under (i) the Series A Preferred Share Purchase Agreement, dated as of April 28, 2006, among the Company, Changzhou Trina Solar Energy Co., Ltd.
(“WFOE”), Mr. Gao Jifan (the “Founder”) and the investors party thereto from time to time, (ii) the Shareholders Agreement, dated as of April 28, 2006, among the Company, the WFOE, the
Founder and the shareholders party thereto from time to time, (iii) this Memorandum of Association or (iv) the Articles of Association; or (B) a payout by the Company of a material amount relating to all losses, liabilities, claims,
demands, judgments, damages, settlements, fines, suits, actions, costs and expenses arising from or related to the non-compliance of the Company’s products with the TUV standards. A notice issued pursuant to either clause (A) or clause
(B) of this paragraph shall be referred to herein as the “Breach Notice”. 

  

	 	  	Following receipt of the Breach Notice, the Company shall, within ten (10) days thereafter, provide written notice to each holder of record of the Series A Preferred Shares at
the address last shown on the records of the Company for such holder(s) and pursuant to paragraph 95 of the Articles of Association. 

  

	 	7.5.2	A notice of redemption by any holder of Series A Shares pursuant to Section 7.5 shall be given by hand or by mail to the registered office of the Company at any time on or
after the Redemption Trigger Event stating the date on or after the Redemption Trigger Event on which the Series A Preferred Shares are to be redeemed (the “Redemption Date”), provided, however, that the
Redemption Date shall be no earlier than the Redemption Trigger Event or the date 30 days after such notice of redemption is given, whichever is later. Upon receipt of any such request, the Company shall promptly give written notice of the
redemption request to each non-requesting holder of record of Series A Preferred Shares stating the existence of such request, the Redemption Price, the Redemption Date and the mechanics of redemption. If on the Redemption Date, the number of Series
A Preferred Shares that may then be legally redeemed by the Company is less than the number of all Series A Shares to be redeemed, then (i) the number of Series A Shares then redeemed shall be based ratably on all Series A Preferred Shares to
be redeemed, and (ii) the remaining Series A Preferred Shares to be redeemed shall be carried forward and redeemed as soon as the Company has legally available funds to do so. 

  

	 	7.5.3	 Before any holder of Series A Shares shall be entitled for redemption under the provisions of this Section 7.5, such holder shall surrender his or her
certificate or certificates representing such Series A Preferred Shares to be redeemed to 

  

 19 

	 	 
the Company in the manner and at the place designated by the Company for that purpose, and thereupon the Redemption Price shall be payable to the order of
the person whose name appears on such certificate or certificates as the owner of such shares and each such certificate shall be cancelled. In the event less than all the shares represented by any such certificate are redeemed, a new certificate
shall be promptly issued representing the unredeemed shares. Unless there has been a default in payment of the applicable Redemption Price, upon cancellation of the certificate representing such Series A Preferred Shares to be redeemed, all
dividends on such Series A Preferred Shares designated for redemption on the Redemption Date shall cease to accrue and all rights of the holders thereof, except the right to receive the Redemption Price thereof (including all accrued and unpaid
dividend up to the Redemption Date), without interest, shall cease and terminate and such Series A Preferred Shares shall cease to be issued shares of the Company. 

  

	 	7.5.4	If the Company fails (for whatever reason) to redeem any Series A Preferred Shares on its due date for redemption, then, as from such date until the date on which the same are
redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution. 

  

	 	7.5.5	To the extent permitted by law, the Company shall procure that the profits of each subsidiary of the Company for the time being available for distribution shall be paid to it by way
of dividend if and to the extent that, but for such payment, the Company would not itself otherwise have sufficient profits available for distribution to make any redemption of Series A Preferred Shares required to be made pursuant to this
Section 7.5. 

  

	8.	Registered Shares. 

 Preferred Shares and Ordinary
Shares issued by the Company shall be issued only as registered and not bearer shares. 
  

	9.	Reservation of Shares. 

 The Company shall at all
times reserve and keep available, out of its authorized but unissued Ordinary Shares, such number of Ordinary Shares as shall from time to time be sufficient, for the purpose of (a) effecting the conversion of the Series A Preferred Shares, and
(b) issuing shares upon the exercise, conversion or exchange of any Ordinary Share Equivalent. If at any time the number of authorized but unissued Ordinary Shares shall not be sufficient for the issuance of Ordinary Shares pursuant to this
Article 9, the Company shall take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Ordinary Shares to such number of shares as shall be sufficient for such purposes. 
  

 20 

	10.	Exempted Company. 

 If the Company is registered as
exempted, its operations will be carried on subject to the provisions of Section 193 of the Companies Law (Revised) and, subject to the provisions of the Companies Law (Revised) and the Articles of Association, it shall have the power to
register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands. 
  

 21 

 Exhibit A 
 Register of Members 
  

 22 

 REGISTER OF MEMBERS 
 [NEWCO] LIMITED 
 ORDINARY SHARES 
  

																					
	 NAME OF MEMBER
	  	ADDRESS	  	DATE OF
ENTRY AS
MEMBER	  	CERTIFICATES
ISSUED	  	FROM WHOM
SHARES WERE
TRANSFERRED	  	AMOUNT
PAID
THEREON	  	 DATE OF
TRANSFER
 OF SHARES
	  	TO WHOM
SHARES
TRANSFERRED	  	CERTIFICATES
SURRENDERED
	 	  	 	  	 	  	CERT
NOS	  	NO
SHARES	  	 	  	 	  	 	  	 	  	CERT
NOS	  	NO
SHARES
		  		  		  		  		  		  		  		  		  		  	

 [local Cayman counsel to update information, as applicable] 

 REGISTER OF MEMBERS 
 [NEWCO] LIMITED 
 SERIES A PREFERRED SHARES 
  

																					
	 NAME OF MEMBER
	  	ADDRESS	  	DATE OF
ENTRY AS
MEMBER	  	CERTIFICATES
ISSUED	  	FROM WHOM
SHARES WERE
TRANSFERRED	  	AMOUNT
PAID
THEREON	  	DATE OF
TRANSFER
OF SHARES	  	TO WHOM
SHARES
TRANSFERRED	  	CERTIFICATES
SURRENDERED
	 	  	 	  	 	  	CERT
NOS	  	NO
SHARES	  	 	  	 	  	 	  	 	  	CERT
NOS	  	NO
SHARES
		  		  		  		  		  		  		  		  		  		  	

 [local Cayman counsel to update information, as applicable, following Initial Closing] 

 AMENDED AND RESTATED APRIL 28, 2006 
 THE COMPANIES LAW (REVISED) 
 OF THE CAYMAN ISLANDS 
 COMPANY LIMITED BY SHARES 
 FIRST
AMENDED AND RESTATED ARTICLES OF ASSOCIATION 
 OF 
 TRINA SOLAR ENERGY HOLDING LIMITED CO. 
  

	1.	In these Articles Table A in the Schedule to the Statute does not apply and, unless there be something in the subject or context inconsistent therewith, 

  

			
	“Articles”	  	means these First Amended and Restated Articles of Association, as from time to time amended or altered.
		
	“Auditors”	  	means the persons for the time being performing the duties of auditors of the Company.
		
	“Board”	  	means the Board of Directors of the Company as constituted from time to time.
		
	“Company”	  	means the above-named Company.
		
	“debenture”	  	means debenture stock, mortgages, bonds and any other such securities of the Company whether constituting a charge on the assets of the Company or not.
		
	“Directors”	  	means the directors for the time being of the Company.
		
	“IAS”	  	means the International Accounting Standards as adopted by the International Accounting Standards Board.
		
	“Member” or “Shareholder”	  	shall bear the meaning as ascribed to “Member” in the Statute.

  

 1 

			
	“Memorandum”	  	means the First Amended and Restated Memorandum of Association of the Company, as amended from time to time.
		
	“month”	  	means calendar month.
		
	“Ordinary Resolution”	  	means a resolution:
		
		  	(a) passed by a simple majority of such Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the Company and, where a poll is
taken, by a simple majority of the votes cast at such general meeting duly convened; or
		
		  	(b) approved in writing by such Members holding an absolute majority of the votes attached to the shares entitled to vote at a general meeting of the Company, in one or more instruments each
signed by one or more of the Members and the effective date of the resolution so adopted shall be the date on which the instrument, or the last of such instruments if more than one, is executed.
		
	“Ordinary Shares”	  	means the Ordinary Shares of the Company as defined in Article 6.2 of the Memorandum.
		
	“paid-up”	  	means paid-up and/or credited as paid-up.
		
	“Preferred Shares”	  	means the Preferred Shares of the Company as defined in Article 6.2 of the Memorandum.
		
	“registered office”	  	means the registered office for the time being of the Company.
		
	“Seal”	  	means the common seal of the Company and includes every duplicate seal.
		
	“Series A Preferred Shares”	  	means the Series A Preferred Shares of the Company, as defined in Article 6.2 of the Memorandum.
		
	“Secretary”	  	includes an Assistant Secretary and any person appointed to perform the duties of Secretary of the Company.
		
	“share”	  	includes a fraction of a share.

  

 2 

			
	“Special Resolution”	  	shall bear the meaning as ascribed to “Special Resolution” in the Statute.
		
	“Statute”	  	means the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands.
		
	“Subsidiary”	  	means any entity of which more than 51% of the issued and outstanding share capital or voting interests is owned, directly or indirectly, by the Company, including, without limitation, Trina
Solar Energy Co., Ltd.
		
	“written” and “in writing”	  	include all modes of representing or reproducing words in visible form.

 Words importing the singular number only include the plural number and vice-versa. 
 Words importing the masculine gender only include the feminine gender. 
 Words importing persons only include corporations. 
  

	2.	The business of the Company may be commenced as soon after incorporation as the Board shall see fit, notwithstanding that only part of the shares may have been allotted.

  

	3.	The Board may pay, out of the capital or any other monies of the Company, all expenses incurred in or about the formation and establishment of the Company including the expenses of
registration. 

 CERTIFICATES FOR SHARES 
  

	4.	Certificates representing shares of the Company shall be in such form as shall be determined by the Board. Such certificates may be under Seal. All certificates for shares shall be
consecutively numbered or otherwise identified and shall specify the shares to which they relate. The name and address of the person to whom the shares represented thereby are issued, with the number of shares and date of issue, shall be entered in
the register of Members of the Company. All certificates surrendered to the Company for transfer shall be cancelled and no new certificate shall be issued until the former certificate for a like number of shares shall have been surrendered and
cancelled. The Board may authorize certificates to be issued with the seal and authorized signature(s) affixed by some method or system of mechanical process. 

  

	5.	Notwithstanding Article 4 of these Articles, if a share certificate be proved to the satisfaction of the Board to have been defaced, lost or destroyed, it may be renewed on payment
of a fee of one dollar (US$l.00) and the giving of such indemnity to the Company, in such form and in such sum as the Board may direct. 

  

 3 

 ISSUE OF SHARES 
  

	6.	Subject to the provisions of Article 6 and Article 7 of the Memorandum setting out the authorized amounts, rights and qualifications of the Company’s two classes of shares, and
without prejudice to any special rights previously conferred on the holders of existing shares, the Board may allot, issue, grant options over or otherwise dispose of shares of the Company (including fractions of a share). The Company shall not
issue shares in bearer form. 

  

	7.	The Company shall maintain a register of its Members and every person whose name is entered as a Member in the register of Members shall be entitled without payment to receive
within two months after allotment or lodgment of transfer (or within such other period as the conditions of issue shall provide) one certificate for all his shares or several certificates each for one or more of his shares upon payment of fifty
cents (US$0.50) for every certificate after the first or such less sum as the Board shall from time to time determine provided that in respect of a share or shares held jointly by several persons the Company shall not be bound to issue more than one
certificate and delivery of a certificate for a share to one of the several joint holders shall be sufficient delivery to all such holders. 

 TRANSFER OF SHARES 
  

	8.	The instrument of transfer of any share shall be in writing and shall be executed by or on behalf of the transferor and the transferor shall be deemed to remain the holder of a
share until the name of the transferee is entered in the register in respect thereof. 

  

	9.	Subject to any requirements, limitation or conditions in the Memorandum, the Company shall, on the valid application of the transferor or transferee of a registered share in the
Company, enter in the share register the name of the transferee of the share. No transfer or issuance of any shares shall be effective or valid unless and until recorded in the register of Members. 

  

	10.	The registration of transfers may be suspended at such time and for such periods as the Board may from time to time determine, provided always that such registration shall not be
suspended for more than forty-five days in any year. 

 REDEEMABLE SHARES 
  

	11.    (a)	Subject to the provisions of the Statute and Section 7.2.3 of the Memorandum, shares may be issued on the terms that they are, or at the option of the Company or the holder
are, to be redeemed on such terms and in such manner as the Company, before the issue of the shares, may determine. 

  

 4 

	 	(b)	Subject to the provisions of the Statute and the Memorandum, the Company may purchase its own shares, including any redeemable shares, and the Company be and is hereby authorized to
use all funds available for the purpose under the Statute, including making payments out of capital. 

 VARIATION OF RIGHTS
OF SHARES 
  

	12.	If at any time the share capital of the Company is divided into different classes of shares, the rights attached to any class (unless otherwise provided by the terms of issue of the
shares of that class) may, whether or not the Company is being wound-up, be varied only in accordance with Section 7.2.3 of the Memorandum. 

  

	13.	The rights conferred upon the holders of the shares of any class issued with preferred or other rights shall not, unless otherwise expressly provided by the terms of issue of the
shares of that class or by express modification of such rights, be deemed to be varied by the creation or issue of further shares ranking pari passu therewith. 

 COMMISSION ON SALE OF SHARES 
  

	14.	The Company may in so far as the Statute from time to time permits pay a commission to any person in consideration of his subscribing or agreeing to subscribe whether absolutely or
conditionally for any shares of the Company. Such commissions may be satisfied by the payment of cash or the lodgment of fully or partly paid-up shares or partly in one way and partly in the other. The Company may also on any issue of shares pay
such brokerage as may be lawful. 

 NON-RECOGNITION OF TRUSTS 
  

	15.	No person shall be recognized by the Company as holding any share upon any trust and the Company shall not be bound by or be compelled in any way to recognize (even when having
notice thereof) any equitable, contingent, future, or partial interest in any share, or any interest in any fractional part of a share, or (except only as is otherwise provided by these Articles or the Statute) any other rights in respect of any
share except an absolute right to the entirety thereof in the registered holder. 

 CALL ON SHARES 
  

	16.    (a)	 The Board may from time to time make calls upon the Members in respect of any monies unpaid on their shares (whether on account of the nominal value of the shares
or by way of premium or otherwise) and not by the conditions of allotment thereof made payable at fixed terms, provided that no call shall be payable at less than one month from the date fixed for the payment of the last preceding call, and each
Member shall (subject to receiving at least fourteen days notice specifying 

  

 5 

	 	 
the time or times of payment) pay to the Company at the time or times so specified the amount called on the shares. A call may be revoked or postponed as the
Board may determine. A call may be made payable by installments. 

  

	 	(b)	A call shall be deemed to have been made at the time when the resolution of the Board authorizing such call was passed. 

  

	 	(c)	The joint holders of a share shall be jointly and severally liable to pay all calls in respect thereof. 

  

	17.	If a sum called in respect of a share is not paid before or on a day appointed for payment thereof, the persons from whom the sum is due shall pay interest on the sum from the day
appointed for payment thereof to the time of actual payment at such rate not exceeding ten per cent per annum as the Board may determine, but the Board shall be at liberty to waive payment of such interest either wholly or in part.

  

	18.	Any sum which by the terms of issue of a share becomes payable on allotment or at any fixed date, whether on account of the nominal value of the share or by way of premium or
otherwise, shall for the purposes of these Articles be deemed to be a call duly made, notified and payable on the date on which by the terms of issue the same becomes payable, and in the case of non-payment all the relevant provisions of these
Articles as to payment of interest forfeiture or otherwise shall apply as if such sum had become payable by virtue of a call duly made and notified. 

 FORFEITURE OF SHARES 
  

	19.    (a)	If a Member fails to pay any call or installment of a call or to make any payment required by the terms of issue on the day appointed for payment thereof, the Board may, at any time
thereafter during such time as any part of the call, installment or payment remains unpaid, give notice requiring payment of so much of the call, installment or payment as is unpaid, together with any interest which may have accrued and all expenses
that have been incurred by the Company by reason of such non-payment. Such notice shall name a day (not earlier than the expiration of fourteen days from the date of giving of the notice) on or before which the payment required by the notice is to
be made, and shall state that, in the event of non-payment at or before the time appointed the shares in respect of which such notice was given will be liable to be forfeited. 

  

	 	(b)	If the requirements of any such notice as aforesaid are not complied with, any share in respect of which the notice has been given may at any time thereafter, before the payment
required by the notice has been made, be forfeited by a resolution of the Board to that effect. Such forfeiture shall include all dividends declared in respect of the forfeited share and not actually paid before the forfeiture.

  

 6 

	 	(c)	A forfeited share may be sold or otherwise disposed of on such terms and in such manner as the Board deems fit, and at any time before a sale or disposition the forfeiture may be
cancelled on such terms as the Board think fit. 

  

	20.	A person whose shares have been forfeited shall cease to be a Member in respect of the forfeited shares, but shall, notwithstanding, remain liable to pay to the Company all monies
which, at the date of forfeiture were payable by him to the Company in respect of the shares together with interest thereon, but his liability shall cease if and when the Company shall have received payment in full of all monies whenever payable in
respect of the shares. 

  

	21.	A certificate in writing under the hand of one Director or the Secretary of the Company that a share in the Company has been duly forfeited on a date stated in the declaration shall
be conclusive evidence of the fact therein stated as against all persons claiming to be entitled to the share. The Company may receive the consideration given for the share on any sale or disposition thereof and may execute a transfer of the share
in favor of the person to whom the share is sold or disposed of and he shall thereupon be registered as the holder of the share and shall not be bound to see to the application of the purchase money, if any, nor shall his title to the share be
affected by any irregularity or invalidity in the proceedings in reference to the forfeiture, sale or disposal of the share. 

  

	22.	The provisions of these Articles as to forfeiture shall apply in the case of non-payment of any sum which, by the terms of issue of a share, becomes payable at a fixed time, whether
on account of the nominal value of the share or by way of premium as if the same had been payable by virtue of a call duly made and notified. 

 REGISTRATION OF EMPOWERING INSTRUMENTS 
  

	23.	The Company shall be entitled to charge a fee not exceeding one dollar (US$l.00) on the registration of every probate, letters of administration, certificate of death or marriage,
power of attorney, notice in lieu of distringas, or other instrument. 

 AMENDMENT OF MEMORANDUM OF ASSOCIATION, ALTERATION
OF CAPITAL & CHANGE OF LOCATION OF REGISTERED OFFICE 
  

	24.    (a)	Subject to Section 7.2.3 of the Memorandum and in so far as permitted by the provisions of the Statute, the Company may from time to time by Special Resolution alter or amend
its Memorandum with respect to any objects, powers or other matters specified therein; provided, however, that the Company may, by Ordinary Resolution (subject to Section 7.2.3 of the Memorandum) effectuate the following:

  

	 	(i)	increase the share capital by such sum to be divided into shares of such amount or without nominal or par value as the resolution shall prescribe and with such rights, priorities
and privileges annexed thereto; 

  

 7 

	 	(ii)	consolidate and divide all or any of its share capital into shares of larger amount than its existing shares; 

  

	 	(iii)	by subdivision of its existing shares or any of them divide the whole or any part of its share capital into shares of smaller amount than is fixed by the Memorandum or into shares
without nominal or par value; 

  

	 	(b)	Except as set forth in the Memorandum, all new shares created hereunder shall be subject to the same provisions with reference to the payment of calls, transfer, forfeiture and
otherwise as the shares in the original share capital. 

  

	 	(c)	Without prejudice to Article 11 hereof and subject to the provisions of the Statute and the Memorandum, the Company may by Special Resolution reduce its share capital and any
capital redemption reserve fund. 

  

	 	(d)	Subject to the provisions of the Statute, the Company may by resolution of the Board change the location of its registered office. 

 CLOSING REGISTER OF MEMBERS OR FIXING RECORD DATE 
  

	25.	For the purpose of determining Members entitled to notice of or to vote at any meeting of Members or any adjournment thereof, or Members entitled to receive payment of any dividend,
or in order to make a determination of Members for any other proper purpose, the Board may provide that the register of Members shall be closed for transfers for a stated period but not to exceed in any case forty days. If the register of Members
shall be so closed for the purpose of determining Members entitled to notice of or to vote at a meeting of Members such register shall be so closed for at least ten days immediately preceding such meeting and the record date for such determination
shall be the date of the closure of the register of Members. 

  

	26.	In lieu of or apart from closing the register of Members, the Board may fix in advance a date as the record date for any such determination of Members entitled to notice of or to
vote at a meeting of the Members and for the purpose of determining the Members entitled to receive payment of any dividend the Board may, at or within 90 days prior to the date of declaration of such dividend fix a subsequent date as the record
date for such determination. 

  

	27.	If the register of Members is not so closed and no record date is fixed for the determination of Members entitled to notice of or to vote at a meeting of Members or Members entitled
to receive payment of a dividend, the date on which notice of the meeting is mailed or the date on which the resolution of the Board declaring such dividend is adopted, as the case may be, shall be the record date for such determination of Members.
When a determination of Members entitled to vote at any meeting of Members has been made as provided in this section, such determination shall apply to any adjournment thereof. 

  

 8 

 GENERAL MEETING 
  

	28.	The Company may but shall not be obliged to hold an annual general meeting. 

  

	29.    (a)	The Board may whenever they think fit, and they shall on the requisition of Members of the Company who, at the date of the deposit of the requisition, hold not less than ten percent
(10%) of the aggregate voting power attributable to the issued and outstanding share capital of the Company, proceed to convene a general meeting of the Company. 

  

	 	(b)	The requisition must state the objects of the meeting and must be signed by the requisitionists and deposited at the registered office of the Company and may consist of several
documents in like form each signed by one or more requisitionists. 

  

	 	(c)	If the Board does not within twenty-one days from the date of the deposit of the requisition duly proceed to convene a general meeting, the requisitionists, or any of them
representing more than one-half of the total voting rights of all of them, may themselves convene a general meeting, but any meeting so convened shall not be held after the expiration of three months after the expiration of the said twenty-one days.

  

	 	(d)	A general meeting convened as aforesaid by requisitionists shall be convened in the same manner as nearly as possible as that in which general meetings are to be convened by the
Board. 

  

	 	(e)	Members may participate in any general meeting by means of conference telephone or video conferencing or similar communications equipment by means of which all persons participating
in the meeting can hear each other, and participation such a meeting pursuant to this provision shall constitute presence in person at such meeting. 

 NOTICE OF GENERAL MEETINGS 
  

	30.	At least fourteen (14) days’ notice shall be given of an annual general meeting or any other general meeting. Every notice shall be exclusive of the day on which it is
given or deemed to be given and of the day for which it is given and shall specify the place, the day and the hour of the meeting and the general nature of the business and shall be given in manner hereinafter mentioned or in such other manner if
any as may be prescribed by the Company PROVIDED that a general meeting of the Company shall, whether or not the notice specified in this regulation has been given and whether or not the provisions of Article 38 have been complied with, be deemed to
have been duly convened if it is so agreed: 

  

	 	(a)	in the case of a general meeting called as an annual general meeting by all the Members entitled to attend and vote thereat or their proxies; and 

  

 9 

	 	(b)	in the case of any other general meeting by a majority in number of the Members having a right to attend and vote at the meeting, being a majority together holding not less than a
majority of the issued and outstanding Ordinary Shares and a majority of the issued and outstanding Preferred Shares. 

  

	31.	The accidental omission to give notice of a general meeting to, or the non-receipt of notice of a meeting by any person entitled to receive notice shall not invalidate the
proceedings of that meeting. 

 PROCEEDINGS AT GENERAL MEETINGS 
  

	32.	No business shall be transacted at any general meeting unless a quorum of Members is present at the time when the meeting proceeds to business. A quorum shall require the presence
in person or by proxy of (i) one or more Members holding at least a majority of the aggregate voting power attributable to the issued and outstanding Ordinary Shares, and (ii) one or more Members holding at least a majority of the
aggregate voting power attributable to the issued and outstanding Series A Preferred Shares. 

  

	33.	Subject to the definition of “Ordinary Resolution” under Article 1 hereof, a resolution in writing (in one or more counterparts) signed by all Members for the time being
entitled to receive notice of and to attend and vote at general meetings (or being corporations by their duly authorized representatives) shall be as valid and effective as if the same had been passed at a general meeting of the Company duly
convened and held. 

  

	34.	If within an hour from the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition of Members, shall be dissolved and in any other case
it shall stand adjourned to the same day in the next week at the same time and place or to such other time or such other place as the Board may determine and if at the adjourned meeting a quorum is not present within half an hour from the time
appointed for the meeting the Members present shall be a quorum. 

  

	35.	The Chairman, if any, of the Board of Directors shall preside as Chairman at every general meeting of the Company, or if there is no such Chairman, or if he shall not be present
within thirty minutes after the time appointed for the holding of the meeting, or is unwilling to act, the Directors present shall elect one of the present Directors to be Chairman of the meeting. 

  

	36.	If at any general meeting no Director is willing to act as Chairman or if no Director is present within thirty minutes after the time appointed for holding the meeting, the Members
present shall choose one of the present Members to be Chairman of the meeting. 

  

	37.	The Chairman may, with the consent of any general meeting duly constituted hereunder, and shall if so directed by the meeting, adjourn the meeting from time to time and from place
to place, but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place. When a general meeting is adjourned for thirty days or more, notice of the adjourned
meeting shall be given as in the case of an original meeting; save as aforesaid it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned general meeting. 

  

 10 

	38.	At any general meeting a resolution put to the vote of the meeting shall be decided by poll. 

 VOTES OF MEMBERS 
  

	39.	Subject to any rights or restrictions for the time being attached to any class or classes of shares, every Member of record present in person or by proxy shall have one vote for
each share registered in his name in the register of Members. 

  

	40.	In the case of joint holders of record the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint
holders, and for this purpose seniority shall be determined by the order in which the names stand in the register of Members. 

  

	41.	A Member of unsound mind, or in respect of whom an order has been made by any court, having jurisdiction in lunacy, may vote, whether on a show of hands or on a poll, by his
committee, receiver, curator bonis, or other person in the nature of a committee, receiver or curator bonis appointed by that court, and any such committee, receiver, curator bonis or other persons may vote by proxy. 

  

	42.	No Member shall be entitled to vote at any general meeting unless he is registered as a Shareholder of the Company on the record date for such meeting nor unless all calls or other
sums presently payable by him in respect of shares in the Company have been paid. 

  

	43.	No objection shall be raised to the qualification of any voter except at the general meeting or adjourned general meeting at which the vote objected to is given or tendered and
every vote not disallowed at such general meeting shall be valid for all purposes. Any such objection made in due time shall be referred to the Chairman of the general meeting whose decision shall be final and conclusive. 

 

	44.	On any vote of the Shareholders votes may be given either personally or by proxy. 

 PROXIES 
  

	45.	The instrument appointing a proxy shall be in writing and shall be executed under the hand of the appointor or of his attorney duly authorized in writing, or, if the appointor is a
corporation under the hand of an officer or attorney duly authorized in that behalf. A proxy need not be a Member of the Company. 

  

	46.	 The instrument appointing a proxy shall be deposited at the registered office of the Company or at such other place as is specified for that purpose in the notice
convening the meeting no later than the time for holding the meeting, or adjourned meeting provided that the Chairman of the Meeting may at his discretion direct that an instrument of proxy shall be deemed to 

  

 11 

	 	 
have been duly deposited upon receipt of telex, cable or telecopy confirmation from the appointor that the instrument of proxy duly signed is in the course
of transmission to the Company. 

  

	47.	The instrument appointing a proxy may be in any usual or common form and may be expressed to be for a particular meeting or any adjournment thereof or generally until revoked.

  

	48.	A vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding the previous death or insanity of the principal or revocation of the proxy or of
the authority under which the proxy was executed, or the transfer of the share in respect of which the proxy is given provided that no intimation in writing of such death, insanity, revocation or transfer as aforesaid shall have been received by the
Company at the registered office before the commencement of the general meeting, or adjourned meeting at which it is sought to use the proxy. 

  

	49.	Any corporation which is a Member of record of the Company may in accordance with its Articles or in the absence of such provision by resolution of its Directors or other governing
body authorize such person as it thinks fit to act as its representative at any meeting of the Company or of any class of Members of the Company, and the person so authorized shall be entitled to exercise the same powers on behalf of the corporation
which he represents as the corporation could exercise if it were an individual Member of record of the Company. 

  

	50	Shares of its own capital belonging to the Company or held by it in a fiduciary capacity shall not be voted, directly or indirectly, at any meeting and shall not be counted in
determining the total number of outstanding shares at any given time. 

 DIRECTORS 
  

	51.	There shall be a Board of Directors consisting of seven (7) persons (exclusive of alternate Directors) PROVIDED HOWEVER that the Company may from time to time by Ordinary
Resolution, subject to Section 7.2.3 of the Memorandum, change the number of Directors. 

  

	52.	The remuneration, if any, to be paid to the Directors shall be such remuneration as the Board or the Members by Ordinary Resolution shall determine. Such remuneration shall be
deemed to accrue from day to day. The Directors shall also be entitled to be paid their travel, hotel and other expenses properly incurred by them in going to, attending and returning from meetings of the Board, or any committee of the Board, or
general meetings of the Company, or otherwise in connection with the business of the Company. 

  

	53.	The Board may by resolution award special remuneration to any Director of the Company undertaking any special work or services for, or undertaking any special mission on behalf of,
the Company other than his ordinary routine work as a Director. 

  

 12 

	54.	A Board or alternate Director may hold any other office or place of profit under the Company (other than the office of Auditor) in conjunction with his office of Director for such
period and on such terms as to remuneration and otherwise as the Directors may determine. 

  

	55.	A Director or alternate Director may act by himself or his firm in a professional capacity for the Company and he or his firm shall be entitled to remuneration for professional
services as if he were not a Director or alternate Director. 

  

	56.	A Director or alternate Director of the Company may be or become a director or other officer of or otherwise interested in any company promoted by the Company or in which the
Company may be interested as shareholder or otherwise and no such Director or alternate Director shall be accountable to the Company for any remuneration or other benefits received by him as a director or officer of, or from his interest in, such
other company. 

  

	57.	No person shall be disqualified from the office of Director or alternate Director or prevented by such office from contracting with the Company, either as vendor, purchaser or
otherwise, nor shall any such contract or any contract or transaction entered into by or on behalf of the Company in which any Director or alternate Director shall be in any way interested be or be liable to be avoided, nor shall any Director or
alternate Director so contracting or being so interested be liable to account to the Company for any profit realized by any such contract or transaction by reason of such Director holding office or of the fiduciary relation thereby established. A
Director (or his alternate Director in his absence) shall be at liberty to vote in respect of any contract or transaction in which he is so interested as aforesaid PROVIDED HOWEVER that the nature of the interest of any Director or alternate
Director in any such contract or transaction shall be disclosed by him or the alternate Director appointed by him at or prior to its consideration and any vote thereon. 

  

	58.	A general notice or disclosure to the Directors or otherwise contained in the minutes of a Meeting or a written resolution of the Directors or any committee thereof that a Director
or alternate Director is a shareholder of any specified firm or company and is to be regarded as interested in any transaction with such firm or company shall be sufficient disclosure under Article 57 and after such general notice it shall not be
necessary to give special notice relating to any particular transaction. 

 ALTERNATE DIRECTORS 
  

	59.	A Director who expects to be unable to attend Board Meetings because of absence, illness or otherwise may appoint any person to be an alternate Director to act in his stead and such
appointee whilst he holds office as an alternate Director shall, in the event of absence therefrom of his appointor, be entitled to attend meetings of the Directors and to vote thereat and to do, in the place and stead of his appointor, any other
act or thing which his appointor is permitted or required to do by virtue of his being a Director as if the alternate Director were the appointor, other than appointment of an alternate to himself, and he shall ipso facto vacate office if and when
his appointor ceases to be a Director or removes the appointee from office. Any appointment or removal under this Article shall be effected by notice in writing under the hand of the Director making the same. 

  

 13 

 POWERS AND DUTIES OF DIRECTORS 
  

	60.	Subject to any limitations and other provisions in the Memorandum, the business of the Company shall be managed by the Board, and all power of the Company shall be exercised by or
under the direction of the Board. 

  

	61.	The Board may from time to time and at any time by powers of attorney appoint any company, firm, person or body of persons, whether nominated directly or indirectly by the Board, to
be the attorney or attorneys of the Company for such purpose and with such powers, authorities and discretions (not exceeding those vested in or exercisable by the Board under these Articles) and for such period and subject to such conditions as it
may think fit, and any such powers of attorney may contain such provisions for the protection and convenience of persons dealing with any such attorneys as the Board may think fit and may also authorize any such attorney to delegate all or any of
the powers, authorities and discretions vested in him. 

  

	62.	All cheques, promissory notes, drafts, bills of exchange and other negotiable instruments and all receipts for monies paid to the Company shall be signed, drawn, accepted, endorsed
or otherwise executed as the case may be in such manner as the Board shall from time to time by resolution determine. 

  

	63.	The Directors shall cause minutes to be made in books provided for the purpose: 

  

	 	(a)	of all appointments of officers made by the Board; 

  

	 	(b)	of the names of the Directors (including those represented thereat by an alternate or by proxy) present at each meeting of the Board and of any committee of the Board;

  

	 	(c)	of all resolutions and proceedings at all meetings of the Members and of the Board and of committees of the Board. 

  

	64.	The Board on behalf of the Company may pay a gratuity or pension or allowance on retirement to any Director who has held any other salaried office or place of profit with the
Company or to his widow or dependants and may make contributions to any fund and pay premiums for the purchase or provision of any such gratuity, pension or allowance. 

  

	65.	Subject to the Memorandum, the Board may exercise all the powers of the Company to borrow money and to mortgage or charge its undertaking, property and uncalled capital or any part
thereof and to issue debentures, debenture stock and other securities whether outright or as security for any debt, liability or obligation of the Company or of any third party. 

  

 14 

 MANAGEMENT 
  

	66.    (a)	Subject to the Memorandum and Article 79 hereof, the Directors may from time to time provide for the management of the affairs of the Company in such manner as they shall think fit
and the provisions contained in the three next following paragraphs shall be without prejudice to the general powers conferred by this paragraph. 

  

	 	(b)	The Board from time to time and at any time may establish any committees, local boards or agencies for managing any of the affairs of the Company and may appoint any persons to be
members of such committees or local boards or any managers or agents and may fix their remuneration. 

  

	 	(c)	The Board from time to time and at any time may delegate to any such committee, local board, manager or agent any of the powers, authorities and discretions for the time being
vested in the Board and may authorize the members for the time being of any such local board, or any of them to fill up any vacancies therein and to act notwithstanding vacancies and any such appointment or delegation may be made on such terms and
subject to such conditions as the Board may think fit and the Board may at any time remove any person so appointed and may annul or vary any such delegation, but no person dealing in good faith and without notice of any such annulment or variation
shall be affected thereby. 

  

	 	(d)	Any such delegates as aforesaid may be authorized by the Board to subdelegate all or any of the powers, authorities, and discretions for the time being vested in them.

 PROCEEDINGS OF DIRECTORS 
  

	67.	Except as otherwise provided by these Articles or the Memorandum, the Directors shall meet together for the dispatch of business, convening, adjourning and otherwise regulating
their meetings as they think fit. Questions arising at any meeting shall be decided by a majority of votes of the Directors and alternate Directors present at a meeting at which there is a quorum, the vote of an alternate Director not being counted
if his appointor be present at such meeting. In case of any equality of votes, the matter shall be decided by Ordinary Resolution. 

  

	68.	A Director or alternate Director may, and the Secretary on the requisition of a Director or alternate Director shall, at any time summon a meeting of the Directors by at least two
days’ notice in writing to every Director and alternate Director, which notice shall set forth the general nature of the business to be considered as well as the place, the day, and the hour of the meeting unless notice is waived by all the
Directors (or their alternates) either at, before or after the meeting is held and PROVIDED FURTHER if notice is given in person, by cable, telex or telecopy the same shall be deemed to have been given on the day it is delivered to the Directors or
transmitting organization as the case may be. 

  

 15 

	69.	The quorum necessary for the transaction of the business of the Board shall be four (4), a Director and his appointed alternate Director being considered only one person for this
purpose, PROVIDED ALWAYS that if there shall at any time be only a sole Director the quorum shall be one. For the purposes of this Article an alternate Director or proxy appointed by a Director shall be counted in a quorum at a meeting at which the
Director appointing him is not present. 

 For as long as any Series A Director remains on the Board, the Company and the
Subsidiaries shall not take any of the following actions without first obtaining the approval or written consent of all of the Series A Directors: 
  

	 	(a)	Any alteration of the rights, powers, preferences or restrictions for the Series A Preferred Shares, or any increase or decrease in the authorized number of Series A Preferred
Shares or Ordinary Shares; 

  

	 	(b)	The creation, issuance, or authorization (by reclassification or otherwise) of any class or series of equity securities, or any additional securities exercisable, convertible or
exchangeable for any equity securities; 

  

	 	(c)	The amendment, alteration, waiver or repeal of any provision of the memorandum of association, articles of association or any other constitutional documents of the Company or any of
its Subsidiaries; 

  

	 	(d)	The merger, amalgamation or consolidation (or other similar transaction) of the Company or any Subsidiary with any party; 

  

	 	(e)	The sale, lease, exchange, transfer, contribution, mortgage, pledge, encumbrance or other disposition of any fixed assets or intangible assets of the Company or any Subsidiary
(whether in an individual transaction or a series of related transactions) where the value of the transaction(s) exceeds US$200,000 (excluding the sale, transfer, or other disposition of inventory by the Company or any Subsidiary in the ordinary
course of business); 

  

	 	(f)	Any filing for any bankruptcy, voluntary dissolution, winding-up, liquidation, recapitalization, reorganization, split-up or spin-off, with respect to the Company or any Subsidiary;

  

	 	(g)	Any appointment or dismissal of the outside independent auditors of the Company or any Subsidiary; 

  

	 	(h)	Any material change to the Company’s or any Subsidiary’s accounting policies, practices, methods or principles that is not (i) required by applicable regulatory
authorities or (ii) otherwise required to comply with applicable laws, rules and regulations; 

  

 16 

	 	(i)	Any material change in the business activities engaged by the Company or any Subsidiary; 

  

	 	(j)	The incurrence of any indebtedness or assumption of any financial obligation, or otherwise the issuance, assumption, guarantee or creation of any liability for borrowed money, that
results in a deviation of more than 10% from the planned incurrence of indebtedness amount set forth in the then-current business, financial and operating plan and annual budget plan (collectively, the “Annual Budget Plan”), which
Annual Budget Plan has been approved by the Board of Directors (including both of the Series A Directors); 

  

	 	(k)	Any capital expenditure or any purchase of intangible assets that results in a deviation of more than 5% from the planned capital expenditure or planned purchase of intangible
assets set forth in the Annual Budget Plan; 

  

	 	(l)	Any actual change in expenditures that results in a deviation of more than 10% from the planned expenditures set forth in the Annual Budget Plan; 

  

	 	(m)	Any transaction (or any series of related transactions) with any affiliate that is not (i) in the ordinary course of business and (ii) on an arms-length basis;

  

	 	(n)	Any adoption of, or material amendment to, an employee stock option plan or other similar equity incentive plan; 

  

	 	(o)	Any material change to the compensation and bonus of any executive officer or senior employee of the Company or any Subsidiary; 

  

	 	(p)	Any appointment, nomination, termination or change of the chief executive officer, chief financial officer and chief operating officer (or the equivalent) of the Company or any
Subsidiary; 

  

	 	(q)	The selection of any listing exchange for a registered initial public offering of the shares of the Company and the approval of the valuation of the Company in connection with such
offering as well as the number of shares of the Company to be sold in such offering; 

  

	 	(r)	Any increase or decrease of the authorized size of the Board; 

  

 17 

	 	(s)	Any withdrawal, disbursement, check or draft drawn on the accounts of the Company which are made outside the ordinary course of business and for an amount in excess of US$200,000;

  

	 	(t)	The commencement of any legal action, arbitration, mediation or claims and any decision to settle any lawsuits or claims; or 

  

	 	(u)	The adoption and approval of the Annual Budget Plan. 

  

	70.	The continuing Directors may act notwithstanding any vacancy in their body, but if and so long as their number is reduced below the number fixed by or pursuant to these Articles as
the necessary quorum of Directors the continuing Directors or Director may act for the purpose of increasing the number of Directors to that number, or of summoning a general meeting of the Company, but for no other purpose.

  

	71.	The Directors may elect a Chairman of the Board and determine the period for which he is to hold office; but if no such Chairman is elected, or if at any meeting the Chairman is not
present within thirty minutes after the time appointed for holding the same, the Directors present may choose one of the present Directors to act as the Chairman of the meeting. 

  

	72.	The Directors may delegate any of their powers to committees consisting of such member or members of the Board of Directors (including alternate Directors in the absence of their
appointors) as they think fit; any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the Board. 

  

	73.	Members of the Board of Directors or of any committee thereof may participate in a meeting of the Board or of such committee by means of conference telephone or similar
communications equipment by means of which all persons participating in the meeting can hear each other and participation in a meeting pursuant to this provision shall constitute presence in person at such meeting. A resolution in writing (in one or
more counterparts), signed by all the Directors for the time being or all the members of a committee of Directors (an alternate Director being entitled to sign such resolution on behalf of his appointor) shall be as valid and effectual as if it had
been passed at a Board meeting or committee as the case may be duly convened and held. 

  

	74.    (a)	A Director may be represented at any meetings of the Board of Directors by a proxy appointed by him in which event the presence or vote of the proxy shall for all purposes be deemed
to be that of the Director. 

  

	 	(b)	The provisions of Articles 45-48 shall mutatis mutandis apply to the appointment of proxies by Directors. 

 VACATION OF OFFICE OF DIRECTOR 
  

	75.	The office of a Director shall be vacated: 

  

	 	(a)	if a Director gives notice in writing to the Company that he resigns as a member of the Board; 

  

 18 

	 	(b)	as provided in Section 7.2.2 of the Memorandum; or 

  

	 	(c)	if he dies, becomes bankrupt or makes any arrangement or composition with his creditors generally. 

 APPOINTMENT AND REMOVAL OF DIRECTORS 
  

	76.	Subject to Section 7.2.2 of the Memorandum, the Directors to serve on the Board of Directors shall be elected by the Members of the Company at large (any series or class of
shares to vote on an as-converted basis with the Ordinary Shares and not as a separate series or class). Subject to Section 7.2.2 of the Memorandum, in the case of any vacancy in the office of a Director, the remaining Directors may, by
affirmative vote of a majority thereof elect a successor to hold office for the unexpired term of the Director whose seat on the Board is vacant. 

 PRESUMPTION OF ASSENT 
  

	77.	A Director of the Company who is present at a Meeting of the Board of Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken
unless his dissent shall be entered in the Minutes of the meeting or unless he shall file his written dissent from such action with the person acting as the Secretary of the meeting before the adjournment thereof or shall forward such dissent by
registered mail to such person immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action. 

 SEAL 
  

	78.    (a)	The Company may, if the Board so determines, have a Seal which shall only be used by the authority of the Board or of a committee of the Board authorized by the Directors in that
behalf and every instrument to which the Seal has been affixed shall be signed by one person who shall be either a Director or the Secretary or Secretary-Treasurer or some person appointed by the Board for the purpose. 

  

	 	(b)	The Company may have for use in any place outside the Cayman Islands a duplicate Seal or Seals each of which shall be a facsimile of the Common Seal of the Company and, if the Board
so determines, with the addition on its face of the name of every place where it is to be used. 

  

 19 

 OFFICERS 
  

	79.	Officers of the Company are appointed by the Board as they consider necessary, all for a term of one year, and at such remuneration and to perform such duties, and subject to such
provisions as to disqualification and removal as the Board from time to time prescribes. 

 DIVIDENDS, DISTRIBUTIONS AND
RESERVE 
  

	80.	Subject to the Statute and the Memorandum, the Board may from time to time declare dividends (including interim dividends) and distributions on shares of the Company outstanding and
authorize payment of the same out of the funds of the Company lawfully available therefor. 

  

	81.	The Board may, before declaring any dividends or distributions, set aside such sums as it thinks proper as a reserve or reserves which shall at the discretion of the Board, be
applicable for any purpose of the Company and pending such application may, at the like discretion, be employed in the business of the Company. 

  

	82.	No dividend or distribution shall be payable except out of the profits of the Company, realized or unrealized, or out of the share premium account or as otherwise permitted by the
Statute. 

  

	83.	The Board may deduct from any dividend or distribution payable to any Member all sums of money (if any) presently payable by him to the Company on account of calls or otherwise.

  

	84.	The Board may declare that any dividend or distribution be paid wholly or partly by the distribution of specific assets and in particular of paid up shares, debentures, or debenture
stock of any other company or in any one or more of such ways and where any difficulty arises in regard to such distribution, the Board may settle the same as they think expedient and in particular may issue fractional certificates and fix the value
for distribution of such specific assets or any part thereof and may determine that cash payments shall be made to any Members upon the footing of the value so fixed in order to adjust the rights of all Members. 

  

	85.	Any dividend, distribution, interest or other monies payable in cash in respect of shares may be paid by cheque or warrant sent through the post directed to the registered address
of the holder or, in the case of joint holders, to the holder who is first named on the register of Members or to such person and to such address as such holder or joint holders may in writing direct. Every such cheque or warrant shall be made
payable to the order of the person to whom it is sent. Any one of two or more joint holders may give effectual receipts for any dividends, bonuses, or other monies payable in respect of the share held by them as joint holders.

  

	86.	No dividend or distribution shall bear interest against the Company. 

  

 20 

 CAPITALISATION 
  

	87.	Subject to the Memorandum, the Company may capitalize any sum standing to the credit of any of the Company’s reserve accounts (including share premium account and capital
redemption reserve fund) or any sum standing to the credit of profit and loss account or otherwise available for distribution and to appropriate such sum to Members in the proportions in which such sum would have been divisible amongst them had the
same been a distribution of profits by way of dividend and to apply such sum on their behalf in paying up in full unissued shares for allotment and distribution credited as fully paid up to and amongst them in the proportion aforesaid. In such event
the Board shall do all acts and things required to give effect to such capitalization, with full power to the Board to make such provisions as they think fit for the case of shares becoming distributable in fractions (including provisions whereby
the benefit of fractional entitlements accrue to the Company rather than to the Members concerned). The Board may authorize any person to enter on behalf of all of the Members interested into an agreement with the Company providing for such
capitalization and matters incidental thereto and any agreement made under such authority shall be effective and binding on all concerned. 

 BOOKS OF ACCOUNT 
  

	88.	The Board shall cause proper books of account to be kept in accordance with IAS with respect to: 

  

	 	(a)	all sums of money received and expended by the Company and the matters in respect of which the receipt or expenditure takes place; 

  

	 	(b)	all sales and purchases of goods by the Company; 

  

	 	(c)	the assets and liabilities of the Company. 

 Proper books
shall not be deemed to be kept if there are not kept such books of account as are necessary to give a true and fair view of the state of the Company’s affairs and to explain its transactions. 
  

	89.	Members shall have the right to inspect any account or book or document of the Company, but the Board shall from time to time determine the times and places the accounts and books
of the Company or any of them shall be open to the inspection of Members not being Directors. 

  

	90.	The Board shall cause to be prepared audited or unaudited profit and loss accounts, balance sheets, group accounts (if any) and such other reports and accounts as the Company may be
required to provide Members under contract. 

  

 21 

 AUDIT 
  

	91.	The Company may at any annual general meeting appoint an Auditor or Auditors of the Company who shall hold office until the next annual general meeting and may fix his or their
remuneration. 

  

	92.	The Board may before the first annual general meeting appoint an Auditor or Auditors of the Company who shall hold office until the first annual general meeting unless previously
removed by an ordinary resolution of the Members in general meeting in which case the Members at that meeting may appoint an Auditor or Auditors. The Board may fill any casual vacancy in the office of Auditor but while any such vacancy continues the
surviving or continuing Auditor or Auditors, if any, may act. The remuneration of any Auditor appointed by the Board under this Article may be fixed by the Directors. 

  

	93.	Every Auditor of the Company shall have a right of access at all times to the books and accounts and vouchers of the Company and shall be entitled to require from the Directors and
Officers of the Company such information and explanation as may be necessary for the performance of the duties of the Auditors. 

  

	94.	Auditors shall at the next annual general meeting following their appointment and at any other time during their term of office, upon request of the Directors or any general meeting
of the Members, make a report on the accounts of the Company in general meeting during their tenure of office. 

 NOTICES

  

	95.	Notices shall be in writing and may be given by the Company to any Member either personally or by sending it by post, cable, telex, telecopy, facsimile or electronic mail to him or
to his address as shown in the register of Members, such notice, if mailed, to be forwarded airmail if the address be outside the Cayman Islands. 

  

	96.    (a)	Where a notice is sent by post, service of the notice shall be deemed to be effected by properly addressing, pre-paying and posting a letter containing the notice, and to have been
effected at the expiration of sixty hours after the letter containing the same is posted as aforesaid. 

  

	 	(b)	Where a notice is sent by cable, telex, or telecopy, service of the notice shall be deemed to be effected by properly addressing, and sending such notice through a transmitting
organization and to have been effected on the day the same is sent as aforesaid. 

  

	 	(c)	Where a notice is sent by facsimile or electronic mail, service of the notice shall be deemed to be effected by properly addressing and receiving confirmation of receipt, and to
have been effected on the day the same is sent and confirmed as aforesaid. 

  

 22 

	97.	A notice may be given by the Company to the joint holders of record of a share by giving the notice to the joint holder first named on the register of Members in respect of the
share. 

  

	98.	A notice may be given by the Company to the person or persons which the Company has been advised are entitled to a share or shares in consequence of the death or bankruptcy of a
Member by sending it through the post as aforesaid in a pre-paid letter addressed to them by name, or by the title of representatives of the deceased, or trustee of the bankrupt, or by any like description at the address supplied for that purpose by
the persons claiming to be so entitled, or at the option of the Company by giving the notice in any manner in which the same might have been given if the death or bankruptcy had not occurred. 

  

	99.	Notice of every general meeting shall be given in any manner hereinbefore authorized to: 

  

	 	(a)	every person shown as a Member in the register of Members as of the record date for such meeting except that in the case of joint holders the notice shall be sufficient if given to
the joint holder first named in the register of Members; and 

  

	 	(b)	every person upon whom the ownership of a share devolves by reason of his being a legal personal representative or a trustee in bankruptcy of a Member of record where the Member of
record but for his death or bankruptcy would be entitled to receive notice of the meeting. 

 No other person shall be entitled
to receive notices of general meetings. 
 WINDING UP 
  

	100.	If the Company shall be wound up the liquidator shall divide amongst the Shareholders in cash or kind the assets of the Company in accordance with the Statute and the Memorandum.

 INDEMNITY 
  

	101.	 The Board and officers for the time being of the Company and any trustee for the time being acting in relation to any of the affairs of the Company and their heirs,
executors, administrators and personal representatives respectively shall be indemnified out of the assets of the Company from and against all actions, proceedings, costs, charges, losses, damages and expenses which they or any of them shall or may
incur or sustain by reason of any act done or omitted in or about the execution of their duty in their respective offices or trusts, except such (if any) as they shall incur or sustain by or through their own willful neglect or default respectively
and no such Director, officer or trustee shall be answerable for the acts, receipts, neglects or defaults of any other Director, officer or trustee or for joining in any receipt for the sake of conformity or for the solvency or honesty of any banker
or other persons with whom any monies or effects belonging to the Company may be lodged or deposited for safe custody or for any insufficiency of any security upon which any monies of the Company may be invested or for any other loss or 

  

 23 

	 	 
damage due to any such cause as aforesaid or which may happen in or about the execution of his office or trust unless the same shall happen through the
willful neglect or default of such Director, Officer or trustee. 

 FINANCIAL YEAR 
  

	102.	Unless the Board otherwise prescribes, the financial year of the Company shall end on 31st December in each year and, following the year of incorporation, shall begin on
1st January in each year. 

 AMENDMENTS OF ARTICLES 
  

	103.	Subject to the Statute and the Memorandum, the Company may at any time and from time to time by Ordinary Resolution alter or amend these Articles in whole or in part.

 TRANSFER BY WAY OF CONTINUATION 
  

	104.	If the Company is exempted as defined in the Statute, it shall, subject to the provisions of the Statute and with the approval of a Special Resolution, have the power to register by
way of continuation as a body corporate under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands. 

 SHAREHOLDER’S AGREEMENT 
  

	105.	These Articles incorporate the provisions of the Shareholders’ Agreement by reference, both of which are filed at the Registrar of Companies in the Cayman Islands. In the event
of any conflict between the provisions in these Articles and the Shareholders’ Agreement, the provisions of the Shareholders’ Agreement will prevail and, if required, these Articles shall be revised so as to reflect the provisions of the
Shareholders’ Agreement. 

  

 24 

 EXHIBIT C 
 Disclosure Schedule 
  

 Disclosure Schedule 
 In connection with the Share Subscription Agreement dated as of April 28th, 2006 (the “Agreement”) by and among Trina Solar Energy Holding Limited Co. (the “Company”); the
Founder and the Investor, the Company and the Founder hereby deliver this Disclosure Schedule as contemplated under the Agreement which sets forth the information as required to be disclosed herein, and the exceptions to the representations and
warranties made by the Company, the Founder made in Section 3 to the Agreement. 
 The section numbers in this Disclosure Schedule
correspond to the section numbers Exhibit C to the Agreement; provided, however, that any information disclosed herein under any section number shall be deemed to be disclosed and incorporated in any other sections of the Agreement or the Exhibit C
thereto where it is reasonably apparent on the face of such disclosure that such information applies to such other sections. Express references to a specific document do not purport to be complete and are qualified in their entirety by the document
itself. Capitalized terms used in this Disclosure Schedule shall have the meanings ascribed to them in the Agreement and the Exhibit C thereto, unless otherwise defined herein. 
 3.2(a) Capitalization (Trina Solar Energy Holding Limited Co.) 
 Form 1 
  

				
	 Name Of Shareholders
	  	Equity Interest	 
	 Trina International Investment Limited
	  	32.48	%
	 Divine Land International Investment Limited
	  	18.96	%
	 South Great Investment Limited
	  	18.96	%
	 Perseverance International Investment Limited
	  	10.64	%
	 Sino Base Investment Co Ltd
	  	18.96	%

 3.3(b) The Company now hold 100% equity interests of WFOE. This Restructuring has been approved by
Changzhou State High-technology Industry Management Committee with Foreign Investment Enterprise Approval Certificate, WFOE has been licensed with new Enterprises Business Charter. Mr. Gao Jifan and so on register to SAFE for going aboard to
invest. (as is said Register below. The persons who file this Register include Mr. Gao Jifan, Mr. Shi Jianwei, Mr. Liu Canfang, Ms. Wu Chunyan, Mr. Gao Jifan, Mr. Qiu Diming, Mr. Jing Shinong, Mr. Hu Zhigang,
Ms. Wu Zhihua, Mr. Liu Chengrui, Mr. Liu Wenliang, Mr. Ling Yong, Mr. Jiang Ahua, Mr. Song Guofeng, Mr. Shoujian, Mr. Sheng Jianming, Mr. Hu Weizhong.) 
 3.3(c) Ownership of assets 
 (i) The Land Use
Right Assigning Agreement has been signed between WFOE and Changzhou State Land Resource Bureau on Mar 14 2006. According to the agreement, WFOE will purchase the land use right with RMB167,417 yuan per mu, RMB6,208,000 yuan of the purchase amount
has been paid by WOFE itself, the other RMB6,780,417 yuan has been paid by Changzhou Xinxin 

 
Electronic Industry Development Limited Co. according to the agreements between them and WFOE, hereto, the assignment fee of the land has been fully paid.
Though the certificate of land has not been licensed yet now, it is represented by the Changzhou State Land Resource Bureau that the certificate of land use right will be granted to WFOE without material legal obstacle. 
 (ii) The houses on the foresaid land have not been licensed the Property Certificate also for the same reason with clause I in this DS. 
 3.7 Title to Properties and Assets 
  

													
	 Mortgage Name
	  	Certificate NO.	 	Site	  	Mortgaging
Amount	  	Mortgagor	  	Contract
No	  	 Duration

	Land Use Right	  	Chang State
Use(2005)Zi
NO.00738	 	No.127
Xinchang
Road
Xinqiao
Town	  	1,500,000	  	Changzhou
Hengtai
Investment
Assurance
Limited
Co.	  	2005
Year
Gao Di
Zi
No.0007	  	2005.12.07-2008.12.07
							
	A set of Center air-condition system, 4 sets of Layer Pressing Machines and other machines	  	3204002005Zi
No.0107	 		  	16,100,000	  	Changzhou
Hengtai
Investment
Assurance
Limited
Co.	  	2005
Year
Gao Di
Zi
No.0008	  	2005.12.07-2008.12.07
							
	Houses	  	Chang
Fangchan
Quan Zheng
Xin Zi No.
00025448	 	No.127
Xinchang
Road
Xinqiao
Town	  	1,420,000	  	Changzhou
Hengtai
Investment
Assurance
Limited
Co.	  	2005
Year
Gao Di
Zi
No.0006	  	2005.12.07-2008.12.07
							
	Houses	  	Chang
Fangchan
Quan Zheng
Xin Zi No.
00025449	 	No. 127
Xinchang
Road
Xinqiao
Town	  	210,000	  	Changzhou
Hengtai
Investment
Assurance
Limited
Co.	  	2005
Year
Gao Di
Zi
No.0006	  	2005.12.07-2008.12.07
							
	Houses	  	Chang
Fangchan
Quan Zheng
Xin Zi No.
00025450	 	No. 127
Xinchang
Road
Xinqiao
Town	  	670,000	  	Changzhou
Hengtai
Investment
Assurance
Limited
Co.	  	2005
Year
Gao Di
Zi
No.0006	  	2005.12.07-2008.12.07

  

 2 

 3.8 Status of Proprietary Assets 
  

	 	(i)	the Patent of Invention 

 The patents in the following
form 2 are applying to IP Bureau by WFOE. 
 Form 2 
  

							
	 No.
	  	 Name
	  	 Number of
Applying
	  	 Date of Accepting by IP Bureau

	1	  	General solar building component	  	200510085452.5	  	Jul 20 2005(getting accepting notice)
				
	2	  	Solar power tile	  	200410014593.3	  	Jun 4 2004(getting the eligibility notice of principal censoring)
				
	3	  	Solar cooking equipment of multiplely confocal paraboloid	  	200410064610.4	  	Nov 12 2004(getting the eligibility notice of principal censoring)

  

	 	(ii)	the Patent of Utility 

 a. The utilities below are belong
to WFOE: 
 Form 3 
  

									
	 No.
	  	 Name
	  	 Patent Number
	  	 Certificate
Number
	  	 Applying Date

	1	  	Solar power component on the roof	  	ZL 2004 2 0062816.9	  	721198	  	Jul 15 2004
					
	2	  	Solar cooking equipment of multiplely confocal paraboloid	  	ZL 2004 2 0079536.9	  	732311	  	Sep 16 2004
					
	3	  	household-based heat supply system under centralized solar collection	  	ZL 2004 2 0062061.2	  	711492	  	Ju120 2005
					
	4	  	Solar power curtain wall glass	  	ZL 2004 2 0026122.X	  	703750	  	Apr 7 2004
					
	5	  	Solar power tile	  	ZL 2004 2 0026123.4	  	703827	  	Apr 7 2004

 b. The utilities in the following form 4 are applying to IP Bureau by WFOE 
 Form 4 
  

							
	 No.
	  	 Name
	  	 Number of
Applying
	  	 Date of Accepting by IP Bureau

	1	  	General solar building component	  	200520113859.X	  	Jul 20 2005

  

 3 

 c. The following utilities are owed to Changzhou Trina Investment Limited Company but are exclusively
licensed to WFOE whose transfer procedure to WFOE is being handled are as the following Form 5: 
 Form 5 
  

											
	 No.
	  	 Name
	  	 Patent Number
	  	 Certificate
Number
	  	 Applying Date
	  	 Remarks

	1	  	the high vacuum glass cover plate of the flat solar heat collector	  	ZL 01 2 64083.2	  	541083	  	Mar 5 2003	  	
						
	2	  	the flat solar heat collector	  	ZL 02 2 19193.3	  	534523	  	Mar 6 2002	  	getting the accepted notice from government authorities
						
	3	  	double circulation solar water heater working substance expansion piece	  	ZL 01 2 75985.6	  	531565	  	Dec 7 2001	  	getting the accepted notice from government authorities
						
	4	  	double circulation solar water heater against working substance expansion piece	  	ZL 01 2 64078.6	  	515692	  	Sep 27 2001	  	getting the accepted notice from government authorities
						
	5	  	Brass-copperplate ultrasonic jointing solar water heater collector band	  	ZL 01 2 64076.X	  	515498	  	Sep 27 2001	  	getting the accepted notice from government authorities
						
	6	  	Solar double circle water heater	  	ZL 01 2 64077.8	  	515591	  	Sep 27 2001	  	
						
	7	  	Solar double cicyle central water heater	  	ZL 01 2 67542.3	  	515094	  	Oct 12 2001	  	
						
	8	  	Hot tub flat solar heat collector	  	ZL 01 2 64075.1	  	515391	  	Sep 27 2001	  	getting the accepted notice from government authorities
						
	9	  	Solar photronic flat of building	  	ZL 00 2 44037.7	  	443567	  	Aug 3 2000	  	
						
	10	  	Solar building component	  	ZL 00 2 57886.7	  	446734	  	Oct 17 2000	  	getting the accepted notice from government authorities

  

	 	(iii)	Trademarks 

 a. The following trademarks are owed to WFOE
are as the following Form 6 
  

 4 

 Form 6 
  

									
	 No
	  	 Trademark Name
	  	 Registered No.
	  	 Sort
	  	 Effective From the Date of

	1	  	[Chinese characters]	  	3655294	  	1	  	May 28 2005

 b. Trademarks that are applied by WFOE in PRC but not authorized yet are as the following Form 7

 Form 7 
  

									
	 No
	  	 Trademark Name
	  	 Applying No.
	  	 Sort
	  	 Applying date

	1	  	[Chinese Characters]	  	4189866	  	6	  	Jul 27 2004
	2	  	[Chinese Characters]	  	4189864	  	9	  	Jul 27 2004
	3	  	[Chinese Characters]	  	4189865	  	11	  	Jul 27 2004

 c. Trademarks that are applied by Changzhou Trina Investment Limited Company in PRC but not
authorized yet and are exclusively licensed to WFOE whose transfer procedure to WFOE is being handled as the following Form 8 
 Form 8

  

									
	 No
	  	 Trademark Name
	  	 Applying No.
	  	 Sort
	  	 Applying date

	1	  	Trina Logo	  	3983804	  	7	  	Mar 29 2004
	2	  	Trina Logo	  	3983805	  	1	  	Mar 29 2004
	3	  	Trina Logo	  	3983802	  	11	  	Mar 29 2004
	4	  	Trina Logo	  	3983801	  	37	  	Mar 29 2004
	5	  	Trina Logo	  	3983803	  	9	  	Mar 29 2004
	6	  	“Trina”	  	4189861	  	1	  	Jul 27 2004
	7	  	“Trina”	  	4189862	  	9	  	Jul 27 2004
	8	  	“Trina”	  	4189863	  	11	  	Jul 27 2004

  

 5 

	 	(iv)	Governmental funding 

  

									
	 No
	  	 Item of Funding
	  	 Authorization NO
	  	 Amount
(RMB)
	  	 Date

	1	  	The reaserch center of solar project and technology in Changzhou	  	The notice of the fifth science and technology item in Changzhou in 2003	  	200,000	  	Nov 11 2003
					
	2	  	The R&D of vacuum solar high temperature industrial heated item of un-imaging and for gathering light	  	The notice of the fifteenth batch of science and technology development plan and fee guideline(the cooperation item among colleges of the province)	  	300,000	  	Dec 25 2003
					
	3	  	The R&D of vacuum solar high temperature industrial heated item of un-imaging and for gathering light	  	The notice of the first batch of science and technology development plan in xinbei district Changzhou in 2004	  	300,000	  	Feb 25 2004
					
	4	  	The exploitation and industrialization of the building solar component	  	The notice of the sixth batch of of science and technology development plan and fee guideline	  	750,000	  	Jul 26 2004
					
	5	  	The research center of solar project and technology in Changzhou	  	The notice of the second batch of science and technology plan item in Changzhou in 2004	  	300,000	  	July 29 2004
					
	6	  	The exploitation and industrialization of the building solar component	  	The notice of the sixth batch of of science and technology development plan and fee guideline	  	750,000	  	Aug 17 2004
					
	7	  	The exploitation and industrialization of the building solar component	  	The notice of the fifth batch of science and technology development plan in xinbei district Changzhou in 2004	  	750,000	  	Oct 21 2004
					
	8	  	The exploitation of three sorts of solar building component	  	The notice of the fourth and fifth batch of applied technology reaserch and guideline fee	  	600,000	  	Dec 27 2004
					
	9	  	The exploitation and industrialization of the building solar component	  	Notice regarding NO 1 technology development schedule and funds guideline in 2005 including R&D of high-tech, tackling key problem funds allotting item of scientific
base-establishment)	  	500,000	  	Jun 14 2005
					
	10	  	The exploitation of three sorts of solar building component	  	Notice regarding No. 1 applicable technology R&D	  	1,400,000	  	Aug 9 2005
					
	11	  	The solar power system which is compositive with the building	  	Notice regarding No 8 technology Schedule Item in 2005	  	1,100,000	  	Sep 20 2005
					
	12	  	The exploitation and industrialization of the building solar component	  	Notice regarding No. 4 technology schedule in Changzhou Xinbei District	  	200,000	  	Sep 28 2005
					
	13	  	Exploit the solar single-crystal silicon piece and remove the technology of the solar component	  	Notice regarding issuing Special funds schedule for technology improvement in Jiangsu in 2005	  	750,000	  	Dec 7 2005

 3.9 The Business License of WFOE 
  

							
	 No.
	  	 Business Licenses
	  	 Certificate Number
	  	 Duration

	1	  	Enterprises Business License	  	Qi Du Su Chang Zong Zi No.002290	  	1998.01.01-2012.12.25
				
	2	  	certificate of approval for establishment of enterprises with foreign investment in people’s republic of china	  	Shang Wai Zi Su Fu Zi Zi [1997] No.29726	  	Approved on Nov 24 1997, 15 years of duration
				
	3	  	Tax Registration	  	Shui Su Zi No.320400608131455	  	1997.12.26-2012.12.25
				
	4	  	Foreign Exchange Registration	  	No. 320601020390	  	Be subject to annual checking
				
	5	  	Self-applying to Custom Registration	  	Ning Guan Zi No.3204330037	  	Valid till Apr 30 2006
				
	6	  	Self-applying to Inspect Registration	  	3216002727	  	Issued on 2005.11.25.

  

 6 

 3.20 Interested Party Transaction 
 Since multi-crystal materials are now in severely scarcity in the international market, the WFOE strive for raw materials by sorts of trading. But WFOE is
manufacturing foreign enterprises, there are some limits for WFOE to stocking aboard. Sun Era Industry Co. Ltd deal with trading aboard directly for WFOE, To ensure the effective operation of a multiple of trade mode in foreign countries, enhance
the protective measures in purchasing material by the company, simplify the steps and legal risks of foreign trade, including the choosing of trade mode, determine of price, etc, such as exchange of materials purchased from overseas, operate
directly through the overseas trading company. The accounting of Sun Era Industry Co. Ltd is in the charge of financial department of WFOE, and all of its cash is in the management of WFOE. 
 But the WFOE will delete this interested transaction by a newly incorporated company which will replace Sun Era Industry Co. Ltd. 
 3.23 Other Business 
 Mr. Gao Jifan, as
the CEO of WFOE, participate in Changzhou Trina Investment Limited Company as president of board, Changzhou Minsheng Assurance Limited Company as vice-president of board, and Changzhou Trina New Energy Research Limited Company as president of board.

 3.26(h) Employee Matters 
 (i)
Until the date of Dec. 31 2005, there are 478 employees in WOFE. 185 of these persons are formal employees of WOFE, signing the Employ Agreement with WFOE and paid salary by WOFE. 56 of these persons are on probation. 42 of the persons are retirees
or consultants. 74 of the persons are trainees. The above persons on probation, retirees, consultants, and trainees have not signed the employing agreements with WFOE. One foreign employee has employing agreement with WFOE and been paid salary by
WFOE, but the employment registration is not filed because of his working aboard. 
 (ii) Since establishment, the payment of social
insurance fee are as follows: ‘ 
 In 2002 and 2003, WFOE has not pay the social insurance for its employees. In 2004, WFOE paid the
social insurance premium for 63 employees in the amount of RMB234992.86 yuan (the average number from January to December) which including annuities, unemployment insurance and compo&bearing insurance. The hospitalization insurance premium has
been paid in the amount of RMB26534.4 yuan for 64 employees by WFOE. In 2005, WFOE paid the social insurance premium for 91 employees in the amount of RMB 366216.84 yuan (the average number from January to December) which including annuities,
unemployment insurance and compo&bearing insurance. The hospitalization insurance premium has been paid in the amount of RMB 98001.4 yuan for 77 employees by WFOE. The statistic number is in average from January to December. 
  

 7 

 3.27 Advisor Fee 
  

			
	 Name of Advisor
	 	 Total Amount(RMB)

	Grandall Legal Group Shanghai Office	 	300,000
		
	Ping’an Securities Limited Company	 	Initial fee: 200,000;
		
		 	Success fee: 1.2% of the investment total amount supplied by Investors.
		
	Deloitte&Touche Accounting Co.	 	1,000,000

 3.28 Insurance 
  

									
	 the Name of Assets
	  	Coverage	  	The Amount of
Insurance(RMB)	  	Insurance
Preminum
(RMB)	  	 Duration of Insurance

	Machinery Equipment and Houses	  	All risks	  	37,944,274.94	  	31,620.00	  	From O o’clock on Jan 1 2006 to 24 o’clock on Oct 27 2006
					
	Honda Honda Elegant Buick Modern Buick	  	Motor
vehicle
insurance	  	1,629,635	  	26,043.54	  	 2005.12.12-2006.12.15
 2005.9.4-2006.9.3
 2005.8.23-2006.8.22
 2005.6.7-2006.6.6
 2006.2.24-2007.2.23

 (Remainder of this page is intentionally left blank) 
  

 8 

 Execution Page, no text below. 
  

			
		 	 Mr. Gao Jifan
  

		
		 	 Ms. Wu Chunyan
  

	
	Trina Solar Energy Holding Limited Co.
		
	By:	 	  

	Name:	 	Ji Fan Gao
	Title:	 	Managing Director

 April 28th, 2006 
  

 9 

																	
	No.	  	 Utility Model
	  	Original
Owner	  	Current
Owner	  	Patent
No.	  	Certificate
No.	  	Application
Date	  	Publication
Date	  	Transfer
Date
	1.	  	Flat-plate solar collector	  	Gao
Ji-fan	  	Trina
Investment	  	02 2
191933	  	534523	  	2002/03/06	  	2003/01/22	  	2003/09/23
									
	2.	  	Refrigerant’s heat or cold retractable device of solar water heater with double circulation	  	Gao
Ji-fan	  	Trina
Investment	  	012759
856	  	531565	  	2001/12/07	  	2003/01/01	  	2003/08/01
									
	3.	  	Solar water heater that prevents expansion of refrigerant when hot and shrinking of refrigerant when cold with a double circulation	  	Gao
Ji-fan	  	Trina
Investment	  	012640
786	  	515692	  	2001/09/27	  	2002/09/25	  	2003/08/01
									
	4.	  	Ultrasound-welded solar thermal collector strip	  	Gao
Ji-fan	  	Trina
Investment	  	012640
76X	  	515498	  	2001/09/27	  	2002/09/25	  	2003/06/27
									
	5.	  	Solar water heater with double circulation	  	Gao
JI-fan	  	Trina
Investment	  	012640
778	  	515591	  	2001/09/27	  	2002/09/25	  	2003/08/01
									
	6.	  	Central solar water heater with double circulation	  	Gao
Ji-fan	  	Trina
Investment	  	012675
423	  	515094	  	2001/10/12	  	2002/09/25	  	2003/08/01
									
	7.	  	Flat-plate solar thermal collector with thermal pipes	  	Gao
Ji-fan	  	Trina
Investment	  	012640
751	  	515391	  	2001/09/27	  	2002/09/25	  	2003/08/01
									
	8.	  	Building Integrated Photovoltaic module	  	Gao
Ji-fan	  	Trina
Investment	  	002440
377	  	443567	  	2000/08/03	  	2001/08/01	  	2003/08/01
									
	9.	  	Structure of solar energy construction	  	Gao
Ji-fan	  	Trina
Investment	  	ZL 00 2
57886.7	  	446734	  	2000/10/17	  	2001/08/22	  	2003/06/27Amended and Restated Shareholders Agreement

 Exhibit 4.6 
 Execution Copy 
 AMENDED AND RESTATED SHAREHOLDERS AGREEMENT 
 THIS AMENDED AND RESTATED SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of May 30, 2006 by and among:

 1. Trina Solar Energy Holding Limited Co., a Cayman Islands exempted company (the “Company”). 
 2. Changzhou Trina Solar Energy Co. Ltd., a wholly foreign-owned enterprise established by the Company under the laws of the People’s Republic of
China (the “WFOE”). 
 3. Mr. Gao Jifan (People’s Republic of China identification number 22014196501151579),
Trina International Investment Co., Ltd.), Ms. Wu Chunyan, and Perseverance International Investment Co. Ltd. (each a “Founder”, collectively, referred to herein as the “Founders”). 
 4. Each of the persons listed on Exhibit A and any other persons who shall have purchased Series A Shares (as defined below) pursuant to the Purchase
Agreement (as defined below), and become signatories to this Agreement (collectively, the “Investors” and each, an “Investor”). 
 5. Each of the persons listed on Exhibit B and any other persons who shall have become signatories to this Agreement pursuant to Section 5.6 hereof (collectively, the “Shareholders” and each, a
“Shareholder”, and collectively with the Company, the WFOE and the Investors, the “Parties”). 
 RECITALS

 A. The Investors have agreed to purchase from the Company, and the Company has agreed to sell to the Investors, certain Series A
preferred shares, par value US$0.00001 per share, of the Company (the “Series A Shares”), on the terms and conditions set forth in that certain Series A Preferred Share Purchase Agreement dated as of April 28, 2006 by and among
the Company, the WFOE and the Investors, as amended to date (the “Purchase Agreement”); 
 B. the Company and certain of the
Investors had previously entered into that certain Shareholders Agreement dated as of April 28, 2006 (the “Prior Agreement”); 
 C. the Purchase Agreement provides that the execution and delivery of this Agreement by the Parties shall be a condition precedent to the consummation of the transactions contemplated under the Purchase Agreement; and 
 D. pursuant to Section 6.2 of the Prior Agreement, the parties to the Prior Agreement desire to amend and restate the Prior Agreement in order to,
inter alia, induce certain of the Investors to purchase the Series A Shares pursuant to the Purchase Agreement. 

 NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 1. Information Rights; Board Representation. 
 1.1 Information and Inspection Rights. 
 (a) Information Rights. 
 (i) Each of
the Company, the WFOE and (each a “Group Company” and collectively, the “Group Companies”) covenants and agrees that for so long as any Series A Shares issued under the Purchase Agreement remain outstanding, the
Group Companies will deliver, or cause to be delivered, to each holder of the Series A Shares: 
 (A) as soon as practicable,
but in any event within ninety (90) days after the end of each fiscal year of the Company, consolidated income statements, statements of cash flows and balance sheets for the Group Companies for, and as of the end of, such fiscal year, all
prepared in English and prepared in accordance with International Financial Reporting Standards applied on a consistent basis (“IFRS”), and audited and certified by a firm of independent certified public accountants of recognized
international standing and reputation selected by the Company, and a management report regarding the business of the Group Companies, including a comparison of financial results with corresponding annual and quarterly budgets (a “Management
Report”); 
 (B) as soon as practicable, but in any event within forty-five (45) days after the end of each
fiscal quarter of the Company, unaudited consolidated income statements, statements of cash flows and balance sheets for the Group Companies for, and as of the end of, such fiscal quarter, prepared in accordance with IFRS, and a Management Report,
all prepared in English; 
 (C) as soon as practicable, but in any event within fifteen (15) days of the end of each
month, unaudited consolidated income statements, statements of cash flows and balance sheets for the Group Companies for, and as of the end of, such month, prepared in accordance with IFRS, and a Management Report, all prepared in English;

 (D) as soon as practicable, but in any event at least thirty (30) days prior to the end of each fiscal year, an annual
operating budget and strategic business plan for each of the Group Companies for the succeeding fiscal year, all prepared in English; and 
 (E) as soon as practicable, but in any event within ten (10) business days after the receipt of a request from such holder (unless otherwise prohibited by governmental delay), such other information as such
holder shall request in writing. 
  

 2 

 (ii) Each of the Group Companies further covenants and agrees that it will deliver, or cause to be
delivered, to each holder of any then outstanding Series A Shares issued pursuant to the Purchase Agreement (or any other securities of the Company issued in exchange for or upon conversion of such Series A Shares): 
 (A) as soon as practicable, but in any event within three (3) business days after the filing or submission of any reports or other
documents by any Group Company with any material governmental authority or securities exchange copies of any such reports or documents so filed or submitted; 
 (B) as soon as practicable, but in any event within three (3) business days after providing such information to any holder of any
securities of the Group Company, copies of all other documents or other information sent to any such holders; and 
 (C) as
soon as practicable, but in any event within three (3) business days after receipt of a request from such holder, copies of the then current versions of this Agreement and the Purchase Agreement, as well as the then current versions of all
material documents relating to (x) any subsequent debt or equity financings of any of the Group Companies, (y) the management and operations of any of the Group Companies, (z) any covenants, obligations, or rights of any of the Group
Companies which may, either directly or indirectly, affect the rights and obligations of such holder as a holder of the Series A Shares (in all cases, as amended and restated to date and bearing the signatures of all parties to such documents or
agreements and, in the case of any constituent document of any Group Company, stamped and endorsed by the relevant governmental authority). 
 (b) Inspection Rights. Each of the Group Companies further covenants and agrees that for so long as any Series A Shares are outstanding, the representatives of each holder of Series A Shares (as may be appointed by each such holder
in its sole discretion) shall have (i) the right to inspect facilities, records and books of any Group Company and any of their respective subsidiaries (as well as making copies of any such records and books) at any time during regular working
hours on reasonable prior notice to the applicable Group Company, respectively, and (ii) the right to discuss the business, operations and conditions of any Group Company and any of their respective subsidiaries with their respective directors,
officers, employees, accountants, legal counsel and investment bankers. 
 (c) Termination of Rights. The information rights set
forth in Section 1.1(a)(i) above and the inspection rights set forth in Section 1.1(b) above shall terminate upon consummation of the firm underwritten public offering of the ordinary shares of the Company (“Ordinary
Shares”) in the United States, that has been registered under the United States Securities Act of 1933, as amended from time to time, including any successor statutes (the “Securities Act”), or in a similar public offering
of the Ordinary Shares in another jurisdiction which results in the Ordinary Shares trading publicly on a recognized regional or national securities exchange (the “Initial Public Offering”). For the avoidance of doubt, the
information rights set forth in Section 1.1 (a)(ii) above shall not terminate upon, and shall survive, the Initial Public Offering. 
  

 3 

 1.2 Board of Directors. 
 (a) The number of members of the Company’s Board of Directors (the “Board”) shall be as set forth in the Company’s Second
Amended and Restated Memorandum of Association and the Company’s Second Amended and Restated Articles of Association (collectively, and as may be amended from time to time, the “Restated Articles”), which number of members
shall not be changed except pursuant to an amendment to the Restated Articles. 
 (b) For so long as Milestone Solar Holdings I Limited,
Milestone Solar Holdings II Limited, IPROP Holdings Limited, Triumph Sky Technology Limited, Accurate Group Holdings Limited (each a company organized under the laws of the British Virgin Islands) and VDCI SA (a company organized under the laws of
Luxembourg) or any of their respective affiliates holds any Series A Shares (or any other securities of the Company exchanged therefor or issued upon conversion thereof), at each election of members of the Board in which holders of the Series A
Shares are voting together as a single and separate class, each Party shall vote all of its Series A Shares at any regular or special meeting of members (or by written consent), to elect to the Board one (1) individual designated by Milestone
Solar Holdings I Limited (the “Milestone Director”) in accordance with the Restated Articles. The Milestone Director shall initially be Qiu Liping. 
 (c) For so long as Indopark Holdings Limited, a company organized under the laws of Republic of Mauritius or any of its affiliates (“Merrill Lynch”), holds any Series A Shares (or any other securities
of the Company exchanged therefor or issued upon conversion thereof), at each election of members of the Board in which holders of the Series A Shares are voting together as a single and separate class, each Party shall vote all of its Series A
Shares at any regular or special meeting of members (or by written consent), to elect to the Board one (1) individual designated by Merrill Lynch (the “Merrill Lynch Director”) in accordance with the Restated Articles. The
Merrill Lynch Director shall initially be David Lee. 
 (d) For so long as Realm Investments Limited, a Jersey company or any of its
affiliates (“Realm”), holds any Series A Shares (or any other securities of the Company exchanged therefor or issued upon conversion thereof), at each election of members of the Board in which holders of the Series A Shares are
voting together as a single and separate class, each Party shall vote all of its Series A Shares at any regular or special meeting of members (or by written consent), to elect to the Board one (1) individual designated by Realm (the
“Realm Director” and collectively, with the Milestone Director and the Merrill Lynch Director, the “Series A Directors”) in accordance with the Restated Articles. The Realm Director shall initially be
Dr. Sven M. Hansen. 
 (e) For so long as the Investors hold any Series A Shares, at each election of members of the Board in
which holders of the Ordinary Shares are voting together as a single and separate class, each Party shall vote all of its Ordinary Shares at any regular or special meeting of members (or by written consent), to elect to the Board, three
(3) individuals designated by the Founders (the 

  

 4 

 
“Management Directors”), one of whom shall be the WFOE’s Chief Executive Officer and the other two shall be members of the executive
management of the WFOE, and three (3) individuals designed by the majority in interest of the existing Shareholders (excluding any Shareholders controlled by the Founders (the “Existing Shareholder Directors” and collectively,
with the Management Directors, the “Ordinary Share Directors”). The Management Directors shall initially be GAO Jifan, WU Chunyan, and GAO Jiqing. The Existing Shareholder Directors shall initially be LIU Canfang, SHI Jianwei and
YIP Lai Shing. 
 1.3 Vacancy and Replacement. Any member of the Board may be removed therefrom with or without cause in the manner
allowed by law and the Restated Articles but, with respect to any director designated pursuant to Section 1.2(a) or (b) above, only upon the vote or written consent of the Party entitled to designate such director. Any vacancy caused by
such removal or a resignation shall be filled in accordance with Section 1.2 above. 
 1.4 Committees. For so long as the
Investors hold any Series A Shares, the Board shall take all necessary actions to establish and maintain the following special committees of the Board. 
 (a) The Board shall establish and maintain an audit committee (the “Audit Committee”) consisting of three (3) members of the Board, (i) one of whom shall be one of the Series A Directors,
(ii) one of whom shall be on of the Management Directors, and (iii) one of whom shall be one of the Existing Shareholder Directors. 
 (b) The Board shall establish and maintain a compensation committee (the “Compensation Committee”) consisting of three (3) members of the Board, (i) one of whom shall be one of the Series A Directors,
(ii) one of whom shall be on of the Management Directors, and (iii) one of whom shall be one of the Existing Shareholder Directors. The Compensation Committee shall act by majority vote of its members and its powers shall include the power
to grant equity awards and options to employees, review and approve the salaries and other compensation of the executive officers of the WFOE and its subsidiaries, including incentive compensation, and deferred compensation, and such other powers as
may be delegated to it by the Board. 
 (c) The Board shall establish and maintain a corporate governance committee (the “Corporate
Governance Committee”) consisting of three (3) members of the Board, (i) one of whom shall be one of the Series A Directors, (ii) one of whom shall be on of the Management Directors, and (iii) one of whom shall be one of
the Existing Shareholder Directors. The Corporate Governance Committee shall act by majority vote of its members. 
 1.5 Quorum.

 (a) A simple majority of the number of directors shall constitute a quorum of the Board for purposes of conducting business;
provided, however, that such quorum must be composed of at least the Milestone Director, the Merrill Lynch Director, and the Realm Director; provided further, however, that if either the Milestone Director, the Merrill
Lynch Director or the Realm Director fails to attend a Board meeting that has been rescheduled (each rescheduled meeting shall be held with 7 days of notice) following two (2) adjournments of previously proposed Board meetings for which a
quorum was unable to be established, then the presence of 

  

 5 

 
such Series A Director (who failed to attend the previously proposed Board meetings) shall no longer be required to constitute a quorum. 
 (b) At all times when the Board is conducting business at a meeting of the Board, a quorum must be present at such meeting. If a quorum shall not be
present at any meeting of the Board, then the directors present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. 
 1.6 WFOE. The board of directors of the WFOE shall consist of the same persons as those of the Board, and the directors of the WFOE shall be
appointed and removed by the appointing parties in the same manner as provided for the Board in Section 1.2 and Section 1.3 above. For the avoidance of doubt, Section 1.2 and Section 1.3 hereof shall apply, mutatis mutandis, to
the WFOE. 
 1.7 Waiver. The Company acknowledges that each Investor will likely have, from time to time, information that may be of
interest to the Company or its subsidiaries (“Information”) regarding a wide variety of matters including, by way of example only, (1) an Investor’s technologies, plans and services, and plans and strategies relating
thereto, (2) current and future investments an Investor has made, may make, may consider or may become aware of with respect to other companies and other technologies, products and services, including, without limitation, technologies, products
and services that may be competitive with those of the Company or its subsidiaries, and (3) developments with respect to the technologies, products and services, and plans and strategies relating thereto, of other companies, including, without
limitation, companies that may be competitive with the Company or any of its subsidiaries. The Company recognizes that a portion of such Information may be of interest to the Company or any of its subsidiaries. The Company, as a material part of the
consideration for this Agreement, agrees that the representatives of each Investor serving on the Board shall have no duty to disclose any Information to the Company or its subsidiaries, or permit the Company or any of its subsidiaries to
participate in any projects or investments based on any Information, or to otherwise take advantage of any opportunity that may be of interest to the Company or any of its subsidiaries if it were aware of such Information, and hereby waives, to the
extent permitted by law, any claim based on the corporate opportunity doctrine or otherwise that could limit any Investor’s ability to pursue opportunities based on such Information or that would require any Investor or any representative of
any such Investor to disclose any such Information to the Company or any of its subsidiaries or offer any opportunity relating thereto to the Company or any of its subsidiaries. 
 2. Registration Rights. 
 2.1
Applicability of Rights. Except as otherwise provided herein in this Section 2, the Holders (as defined below) shall be entitled to the following rights with respect to any potential public offering of the Ordinary Shares in the United
States and shall be entitled to reasonably equivalent or analogous rights with respect to any other offering of the Company’s securities in any other jurisdiction in which the Company undertakes to publicly offer or list such securities for
trading on a recognized securities exchange. 
  

 6 

 2.2 Definitions. For purposes of this Section 2: 
 (a) Registration. The terms “register,” “registered,” and “registration” refer to a
registration effected by filing a registration statement which is in a form which complies with, and is declared effective by the SEC (as defined below) in accordance with, the Securities Act. 
 (b) Registrable Securities. The term “Registrable Securities” means: (1) any Ordinary Shares of the Company issued or
issuable (A) pursuant to conversion of any shares of Series A Shares issued under the Purchase Agreement or (B) pursuant to the Right of Participation (defined in Section 3), (2) any Ordinary Shares issued (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued) as a dividend or other distribution with respect to, or in exchange for or in replacement of, any securities of the Company described in clause (1) of this
subsection (b), and (3) any other Ordinary Shares of the Company owned or hereafter acquired by the Investors or any person to which rights under this Section 2 have been duly assigned in accordance with Section 8. Notwithstanding the
foregoing, “Registrable Securities” shall exclude any Registrable Securities sold by a person in a transaction in which rights under this Section 2 are not assigned in accordance with this Agreement. 
 (c) Registrable Securities Then Outstanding. The number of shares of “Registrable Securities then outstanding” shall mean the
number of Ordinary Shares that are (i) Registrable Securities and are then issued and outstanding, (ii) issuable upon conversion of Series A Shares then issued and outstanding, and/or (iii) issuable upon conversion or exercise of any
warrant, right or other security then exercisable or convertible. 
 (d) Holder. For purposes of this Section 2, the term
“Holder” means any person owning or having the rights to acquire Registrable Securities or any permitted assignee of record of such Registrable Securities to whom rights under this Section 2 have been duly assigned in
accordance with this Agreement. 
 (e) Form F-1, Form F-2, Form F-3, Form S-1, Form S-2, Form S-3. The terms “Form
F-1”, “Form F-2”, “Form F-3”, “Form S-1”, “Form S-2”, or “Form S-3” mean such respective forms under the Securities Act or any successor registration form
under the Securities Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
 (f) SEC. The term “SEC” or “Commission” means the U.S. Securities and Exchange Commission. 
 (g) Registration Expenses. The term “Registration Expenses” shall mean all expenses incurred by the Company in complying with
Sections 2.3, 2.4, 2.5 and/or 2.6 hereof, including, without limitation, all registration and filing fees, printing expenses, fees, and disbursements of counsel for the Company, reasonable fees and disbursements of one special counsel for the
Holders, “blue sky” fees and expenses and the expense of any special audits incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event by the
Company). 
  

 7 

 (h) Selling Expenses. The term “Selling Expenses” shall mean all underwriting
discounts and selling commissions applicable to the sale of Registrable Securities pursuant to Sections 2.3, 2.4, 2.5 and/or 2.6 hereof. 
 (i) Exchange Act. The term “Exchange Act” shall mean the United States Securities Exchange Act of 1934, as amended, and any successor statute. 
 2.3 Demand Registration. 
 (a)
Request by Holders of Series A Shares. If the Company shall, at any time after the earlier of (i) the third (3rd) anniversary of the date of this Agreement or (ii) six (6) months following the taking effect of a
registration statement for an Initial Public Offering, receive a written request from the holders of at least 40% in voting power of the Registrable Securities then outstanding that the Company file a registration statement under the Securities Act
(or file such similar document or take such other actions to enable a public offering and listing of the Registrable Securities in a non-US jurisdiction specified by the Initiating Holders (as defined below)) covering the registration of Registrable
Securities pursuant to this Section 2.3, then the Company shall, within ten (10) business days of the receipt of such written request, give written notice of such request (“Request Notice”) to all Holders, and use its best
efforts to effect, as soon as practicable, the registration under the Securities Act (or such other actions required for the public offering of Registrable Securities in such specified non-US stock exchange or quotation system) of all Registrable
Securities that the Holders request to be registered and included in such registration by written notice given by such Holders to the Company within twenty (20) days after receipt of the Request Notice, subject only to the limitations of this
Section 2.3; provided that the Company shall not be obligated to effect any such registration unless the reasonably anticipated aggregate price to the public of such registration, net of Selling Expenses, shall be no less than
US$5,000,000. 
 (b) Underwriting. If the Holders initiating the registration request under this Section 2.3 (the
“Initiating Holders”) intend to distribute the Registrable Securities covered by their request by means of an underwriting, then they shall so advise the Company as a part of their request made pursuant to this Section 2.3 and
the Company shall include such information in the Request Notice. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and
the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders proposing to distribute
their securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting by the Holders of a majority of the Registrable Securities being
registered and reasonably acceptable to the Company. Notwithstanding any other provision of this Section 2.3, if the underwriter(s) advise(s) the Company in writing that marketing factors require a limitation of the number of securities to be
underwritten, then the Company shall exclude all other equity securities of the Company that are not Registrable Securities from the underwriting (including but not limited to any Ordinary Shares held by any officers, directors, employees,
consultants and other holders of Ordinary Shares). If a limitation of the number of Registrable Securities that may be included in the underwriting by the selling Holders is still required pursuant to this Section 2.3(b) after the exclusion and
reduction mentioned in the immediately 

  

 8 

 
preceding sentence, the Company shall so advise all Holders of Registrable Securities which would otherwise be registered and underwritten pursuant hereto,
and the number of Registrable Securities that may be included in the underwriting shall be reduced as required by the underwriter(s) and allocated among the Holders of Registrable Securities on a pro rata basis according to the number of Registrable
Securities then outstanding held by each Holder requesting registration (including the Initiating Holders); provided, however, that the number of Registrable Securities held by the Holders to be included in such underwriting shall not
be reduced unless all other securities are first entirely excluded from the underwriting. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the
underwriter(s), delivered at least ten (10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration.

 (c) Maximum Number of Demand Registrations. The Company shall not be obligated to effect more than two (2) such demand
registrations pursuant to this Section 2.3. 
 (d) Deferral. Notwithstanding the foregoing, if the Company shall furnish to
Holders requesting registration pursuant to this Section 2.3 a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company
and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders;
provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month
period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected. 
 2.4
Piggyback Registrations. 
 (a) The Company shall notify all Holders of Registrable Securities in writing at least thirty
(30) days prior to filing any registration statement under the Securities Act for purposes of effecting a public offering of securities of the Company in the United States (including, but not limited to, registration statements relating to
secondary offerings of securities of the Company, but excluding registration statements relating to any registration under Section 2.3 of this Agreement or to any employee benefit plan or a corporate reorganization), and shall afford
each such Holder an opportunity to include in such registration statement all or any part of the Registrable Securities then held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable
Securities held by it shall within twenty (20) days after receipt of the above described notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder
wishes to include in such registration statement. If a Holder decides not to include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to
include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 
  

 9 

 (b) Underwriting. If a registration statement under which the Company gives notice under this
Section 2.4 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable Securities to be included in a registration pursuant to this
Section 2.4 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute
their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Agreement
but subject to Section 2.13, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares from the
registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated, first, to the Company, second, to each of the Holders requesting inclusion of their
Registrable Securities in such registration statement on a pro rata basis based on the total number of shares of Registrable Securities then held by each such Holder, and third, to holders of other securities of the Company; provided,
however, that the right of the underwriter(s) to exclude shares (including Registrable Securities) from the registration and underwriting as described above shall be restricted so that (i) except for the Initial Public Offering, the
number of Registrable Securities included in any such registration is not reduced below fifty percent (50%) of the aggregate number of shares of Registrable Securities for which inclusion has been requested; and (ii) all shares that are
not Registrable Securities and are held by any other person, including, without limitation, any person who is an employee, officer or director of the Company (or any subsidiary of the Company) shall first be excluded from such registration and
underwriting before any Registrable Securities are so excluded. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least
ten (10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. Notwithstanding anything to the
contrary in the foregoing, the Company shall, subject to the managing underwriter’s right to exclude shares from registration and underwriting due to marketing factors (as described above), use its commercially reasonable efforts to permit the
Investors to sell up to fifty percent (50%) of the aggregate number of shares to be sold in the Initial Public Offering. 
 (c) Not
Demand Registration. Registration pursuant to this Section 2.4 shall not be deemed to be a demand registration as described in Section 2.3 above. There shall be no limit on the number of times the Holders may request registration of
Registrable Securities under this Section 2.4. 
 2.5 Form F-3 or Form S-3 Registration. In case the Company shall receive from
any Holder or Holders of Registrable Securities then outstanding a written request or requests that the Company effect a registration on Form S-3 or Form F-3 (or any comparable form for registration in a jurisdiction other than the United States)
and any related qualification or compliance with 

  

 10 

 
respect to all or a part of the Registrable Securities owned by such Holder or Holders, then the Company will: 
 (a) Notice. Promptly give written notice of the proposed registration and the Holder’s or Holders’ request therefor, and any related
qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) Registration. As soon as practicable, effect
such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders or Holders’ Registrable Securities as are specified in such
request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within twenty (20) days after the Company provides the notice
contemplated by Section 2.5(a); provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this Section 2.5: 
 (i) if Form F-3 or Form S-3 (or a comparable form for a jurisdiction other than the United States) is not available for such offering by the Holders; or

 (ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose
to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than US$1,000,000. 
 Subject to the foregoing,
the Company shall file a Form F-3 or Form S-3 registration statement (or a comparable form for a jurisdiction other than the United States) covering the Registrable Securities and other securities so requested to be registered as soon as practicable
after receipt of the request or requests of the Holders. 
 (c) Not Demand Registration. A registration pursuant to this
Section 2.5 shall not be deemed to be demand registrations as described in Section 2.3 above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 2.5.

 2.6 Public Offerings Outside the United States. 
 (a) The Company shall notify all Holders of Registrable Securities in writing at least thirty (30) days prior to filing any registration statement (or its equivalent) under the securities laws of a jurisdiction
other than the United States for purposes of effecting a public offering of securities of the Company outside of the United States, and shall afford each such Holder an opportunity to include in such registration statement (or its equivalent) all or
any part of the Registrable Securities then held by such Holder. Each Holder desiring to include in any such registration statement (or its equivalent) all or any part of the Registrable Securities held by it shall within twenty (20) days after
receipt of the above described notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such registration statement (or its
equivalent). If a Holder decides not to include all of its Registrable Securities in any registration statement (or its equivalent) thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable
Securities in any subsequent registration statement or registration statements (or its equivalent) as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 
  

 11 

 (b) Underwriting. If a registration statement (or its equivalent) under which the Company gives
notice under this Section 2.6 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable Securities to be included in a registration
pursuant to this Section 2.6 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing
to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of
this Agreement but subject to Section 2.13, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares
from the registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated to each of the Holders requesting inclusion of their Registrable Securities in such registration
statement (or its equivalent) and the other holders of securities of the Company whose securities are to be included in such registration statement on a pro rata basis based on the total number of shares of securities of the Company then held by
each such holder. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least ten (10) business days prior to the
effective date of the registration statement (or its equivalent). Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. 
 (c) Not Demand Registration. Registration pursuant to this Section 2.6 shall not be deemed to be a demand registration as described in
Section 2.3 above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 2.6. 
 2.7 Expenses. All Registration Expenses incurred in connection with any registration pursuant to Sections 2.3, 2.4, 2.5 or 2.6 (but excluding Selling Expenses) shall be borne by the Company. Each Holder
participating in a registration pursuant to Sections 2.3, 2.4, 2.5 or 2.6 shall bear such Holder’s proportionate share (based on the total number of shares sold in such registration other than for the account of the Company) of all Selling
Expenses or other amounts payable to underwriter(s) or brokers, in connection with such offering by the Holders. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant
to Section 2.3 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered, unless the Holders of a majority of the Registrable Securities then outstanding
agree that such registration constitutes the use by the Holders of one (1) demand registration pursuant to Section 2.3 (in which case such registration shall also constitute the use by all Holders of Registrable Securities of one
(1) such demand registration); provided further, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company not known to the
Holders at the time of their request for such registration and have withdrawn their request for registration with reasonable promptness after learning of such material adverse change, then the Holders 

  

 12 

 
shall not be required to pay any of such expenses and such registration shall not constitute the use of a demand registration pursuant to Section 2.3.

 2.8 Obligations of the Company. Whenever required to effect the registration of any Registrable Securities under this Agreement the
Company shall, as expeditiously as reasonably possible: 
 (a) Registration Statement. Prepare and file with the SEC (or other
comparable body in a jurisdiction other than the United States) a registration statement (or its equivalent) with respect to such Registrable Securities and use its best efforts to cause such registration statement (or its equivalent) to become
effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, in the case of Registrable
Securities registered under Form F-3 or Form S-3 in accordance with Rule 415 under the Securities Act or a successor rule, until the distribution contemplated in the registration statement has been completed; provided, however, that
(i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period any Holder refrains from selling any securities included in such registration at the request of the underwriter(s), and (ii) in
the case of any registration of Registrable Securities on Form F-3 or Form S-3 which are intended to be offered on a continuous or delayed basis, such one hundred twenty (120) day period shall be extended, if necessary, to keep the registration
statement effective until all such Registrable Securities are sold. 
 (b) Amendments and Supplements. Prepare and file with the SEC
(or other comparable body in a jurisdiction other than the United States) such amendments and supplements to such registration statement (or its equivalent) and the prospectus (or its equivalent) used in connection with such registration statement
(or its equivalent) as may be necessary to comply with the provisions of the applicable securities laws with respect to the disposition of all securities covered by such registration statement (or its equivalent). 
 (c) Prospectuses. Furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the
requirements of the applicable securities laws, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities owned by them that are included in such registration. 
 (d) Blue Sky. Use its best efforts to register and qualify the securities covered by such registration statement under such other securities or
“blue sky” laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent
to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the applicable securities laws. 
 (e) Underwriting. In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement in
usual and customary form, with the managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 
  

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 (f) Notification. Notify each Holder of Registrable Securities covered by such registration
statement (or its equivalent) at any time when a prospectus relating thereto is required to be delivered under the Securities Act (or other applicable securities laws) of (i) the issuance of any stop order by the SEC (or other comparable body
in a jurisdiction other than the United States) in respect of such registration statement (or its equivalent), or (ii) the happening of any event as a result of which the prospectus included in such registration statement (or its equivalent),
as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing.

 (g) Opinion and Comfort Letter. Furnish, at the request of any Holder requesting registration of Registrable Securities, on the
date that such Registrable Securities are delivered to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement
(or its equivalent) with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to
underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities
and (ii) letters dated as of (x) the effective date of the registration statement (or its equivalent) covering such Registrable Securities and (y) the closing date of the offering, from the independent certified public accountants of
the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration,
addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
 2.9 Furnish
Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to Sections 2.3, 2.4, 2.5 or 2.6 that the selling Holders shall furnish to the Company such information regarding themselves, the
Registrable Securities held by them and the intended method of disposition of such securities as shall be required to timely effect the Registration of their Registrable Securities. 
 2.10 Indemnification. In the event any Registrable Securities are included in a registration statement (or its equivalent) under Sections 2.3,
2.4, 2.5 or 2.6: 
 (a) By the Company. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, its
partners, officers, directors, legal counsel, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against
any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act, other United States federal or state law, or any other applicable securities laws of a jurisdiction other
than the United States, insofar as such losses, 

  

 14 

 
claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations
(collectively a “Violation”): 
 (i) any untrue statement or alleged untrue statement of a material fact contained in such
registration statement (or its equivalent), including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; 
 (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or 
 (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any United States federal or state securities law, any
other applicable securities laws of a jurisdiction other than the United States, or any rule or regulation promulgated thereunder in connection with the offering covered by such registration statement (or its equivalent); 
 and the Company will reimburse each such Holder, its partner, officer, director, legal counsel, underwriter or controlling person for any legal or other expenses
reasonably incurred by them, as such expenses are incurred, in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this subsection 2.10(a) shall
not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any
such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with
such registration by such Holder, partner, officer, director, legal counsel, underwriter or controlling person of such Holder. 
 (b) By
Selling Holders. To the extent permitted by law, each selling Holder will, if Registrable Securities held by Holder are included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold
harmless the Company, each of its directors, each of its officers who has signed the registration statement (or its equivalent), each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter and any other
Holder selling securities under such registration statement (or its equivalent) or any of such other Holder’s partners, directors, officers, legal counsel or any person who controls such Holder within the meaning of the Securities Act or the
Exchange Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer, legal counsel, controlling person, underwriter or other such Holder, partner or director, officer or controlling
person of such other Holder may become subject under the Securities Act, the Exchange Act, other United States federal or state law, or any other applicable securities laws of a jurisdiction other than the United States, insofar as such losses,
claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information
furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director, officer, controlling person, underwriter or
other Holder, partner, officer, director or controlling person of such other Holder in connection with 

  

 15 

 
investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this
subsection 2.10(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; and provided,
further, that in no event shall any indemnity under this Section 2.10(b) exceed the net proceeds received by such Holder in the registered offering out of which the applicable Violation arises. 
 (c) Notice. Promptly after receipt by an indemnified party under this Section 2.10 of notice of the commencement of any action (including
any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.10, deliver to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained
by the indemnifying party would be inappropriate due to actual or potential conflict of interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of liability to the indemnified party under this Section 2.10 to the extent the indemnifying party is prejudiced as a
result thereof, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.10. 
 (d) Contribution. In order to provide for just and equitable contribution to joint liability in any case in which either (i) any indemnified
party makes a claim for indemnification pursuant to this Section 2.10 but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the
last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 2.10 provides for indemnification in such case, or (ii) contribution under the applicable laws may be required on
the part of any indemnified party in circumstances for which indemnification is provided under this Section 2.10; then, and in each such case, the indemnified party and the indemnifying party will contribute to the aggregate losses, claims,
damages or liabilities to which they may be subject (after contribution from others) in such proportion so that a Holder (together with its related persons) is responsible for the portion represented by the percentage that the public offering price
of its Registrable Securities offered by and sold under the registration statement bears to the public offering price of all securities offered by and sold under such registration statement, and the Company and other selling Holders are responsible
for the remaining portion. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission; provided, however, that, in any such case: (A) no Holder will be required to contribute any amount in 

  

 16 

 
excess of the net proceeds to such Holder from the sale of all such Registrable Securities offered and sold by such Holder pursuant to such registration
statement (or its equivalent); and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not guilty of
such fraudulent misrepresentation. 
 (e) Survival; Consents to Judgments and Settlements. The obligations of the Company and Holders
under this Section 2.10 shall survive the completion of any offering of Registrable Securities in a registration statement (or its equivalent), regardless of the expiration of any statutes of limitation or extensions of such statutes. No
indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 
 2.11
Termination of the Company’s Obligations. The Company shall have no obligations pursuant to Sections 2.3, 2.4, 2.5 and 2.6 with respect to any Registrable Securities proposed to be sold by a Holder in a registration pursuant to
Section 2.3, 2.4, 2.5 or 2.6 more than five (5) years after the Initial Public Offering. 
 2.12 No Registration Rights to Third
Parties. Without the prior written consent of the holders of a majority of the voting power of the Series A Shares then outstanding, the Company covenants and agrees that it shall not grant, or cause or permit to be created, for the benefit of
any person or entity any registration rights of any kind (whether similar to the registration rights described in this Section 2, or otherwise) relating to any securities of the Company which are senior to, or on a parity with, those granted to
the Holders of Registrable Securities. 
 2.13 Market Stand-Off. Each Party agrees that, so long as it holds any voting securities of
the Company, upon request by the Company or the underwriters managing the Initial Public Offering, it will not sell or otherwise transfer or dispose of any securities of the Company (other than those permitted to be included in the registration and
other transfers to affiliates permitted by law) without the prior written consent of the Company or such underwriters, as the case may be, for a period of time specified by the representative of the underwriters not to exceed 180 days from the
effective date of the registration statement (or its equivalent) covering such Initial Public Offering or the pricing date of such offering as may be requested by the underwriters; provided that such market stand-off agreement shall apply only to
the first registration statement of the Company which covers securities to be sold on its behalf to the public in an underwritten offering, but not to any Registrable Securities actually sold pursuant to such registration statement. The foregoing
provision of this Section 2.13 shall not apply to the sale of any securities of the Company to an underwriter pursuant to any underwriting agreement, and shall only be applicable to the Holders if all officers, directors and holders of one
percent (1%) or more of the Company’s outstanding share capital enter into similar agreements, and if the Company or any underwriter releases any officer, director or holder of one percent (1%) or more of the Company’s
outstanding share capital from his or her sale restrictions so undertaken, then each Holder shall be notified no less than three (3) days prior to such release and shall itself be simultaneously released to the same proportional extent. The
Company shall require all future acquirers of the Company’s securities to execute 

  

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prior to an Initial Public Offering a market stand-off agreement containing substantially similar provisions as those contained in this Section 2.13.

 2.14 Rule 144 Reporting. With a view to making available to the Holders the benefits of certain rules and regulations of the SEC
which may at any time permit the sale of the Registrable Securities to the public without registration or pursuant to a registration on Form F-3 or Form S-3, after such time as a public market exists for the Ordinary Shares, the Company agrees to:

 (a) Make and keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all
times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 
 (b) File with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements);
and 
 (c) So long as a Holder owns any Registrable Securities, to furnish to such Holder forthwith upon request (i) a written
statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the Company’s Initial Public Offering), the Securities Act and the Exchange Act (at
any time after it has become subject to such reporting requirements), or its qualification as a registrant whose securities may be resold pursuant to Form F-3 or Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent
annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as a Holder may reasonably request in availing itself of any rule or regulation of the SEC that permits the selling of any such securities
without registration or pursuant to Form F-3 or Form S-3. 
 The provision of this Section 2.14 shall apply mutatis mutandis with respect to comparable
regulatory bodies, provisions of applicable securities laws and comparable registration forms promulgated thereunder, in a non-US jurisdiction where the Company’s securities are listed. 
 3. Right of Participation. 
 3.1
General. The Investors and any holder of Series A Shares (or Ordinary Shares issued upon conversion of the Series A Shares) to which rights under this Section 3 have been duly assigned in accordance with Section 8 (each of the
Investors and their respective assignees are hereinafter referred to as a “Participation Rights Holder”) shall have the right of first refusal to purchase such Participation Rights Holder’s Pro Rata Share (as defined below), of
all (or any part) of any New Securities (as defined in Section 3.3) that the Company may from time to time issue after the date of this Agreement (the “Right of Participation”). 
 3.2 Pro Rata Share. A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio
of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then
outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation. 
  

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 3.3 New Securities. “New Securities” shall mean any Series A Shares, any other
shares of the Company designated as “Preferred Shares,” Ordinary Shares or other voting shares of the Company, whether now authorized or not, and rights, options or warrants to purchase such Series A Shares, Preferred Shares, Ordinary
Shares and securities of any type whatsoever that are, or may become, convertible or exchangeable into such Series A Shares, Preferred Shares, Ordinary Shares or other voting shares, provided, however, that the term “New
Securities” shall not include: 
 (a) up to 52,631,579 (or such greater number as is approved by the Board of Directors (including all
of the Series A Directors) Ordinary Shares (as adjusted for any share dividends, combinations reclassifications or splits with respect to such Ordinary Shares and the like) (and/or options or warrants therefor) issued to employees, officers,
directors, contractors, advisors or consultants of the Company (or any of its subsidiaries) pursuant to the Company’s employee share option plans approved by the Board and the holders of at least a majority of the Series A Shares then
outstanding in accordance with the Restated Articles; 
 (b) any shares of Series A Shares issued under the Purchase Agreement, as such
agreement may be amended, and any Ordinary Shares issued pursuant to the conversion thereof; 
 (c) any securities issued in connection with
any share split, share dividend or other similar event in which all Participation Rights Holders are entitled to participate on a pro rata basis; 
 (d) any securities issued upon the exercise, conversion or exchange of any outstanding security if such outstanding security constituted a New Security; 
 (e) any securities issued pursuant to a registered public offering by the Company; 
 (f) any securities
issued pursuant to the acquisition of another corporation or entity by the Company by consolidation, merger, purchase of assets, or other reorganization in which the Company acquires, in a single transaction or series of related transactions, all or
substantially all assets of such other corporation or entity, or fifty percent (50%) or more of the equity ownership or voting power of such other corporation or entity; 
 (g) any securities issued to financial institutions or lessors in connection with real estate leases, commercial credit arrangements, equipment
financings or similar transactions approved by a majority of the Board (including all of the Series A Directors) where the primary purpose of the arrangement is for non-equity financing; and 
 (h) any securities issued pursuant to a strategic partnership, joint venture or other arrangement approved by a majority of the Board (including all of
the Series A Directors) where the primary purpose of the arrangement is for non-equity financing. 
  

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 3.4 Procedures. 
 (a) First Participation Notice. In the event that the Company proposes to undertake an issuance of New Securities (in a single transaction or a series of related transactions), it shall give to each
Participation Rights Holder written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount and type of New Securities, the price and the general terms upon which the Company
proposes to issue such New Securities. Each Participation Rights Holder shall have ten (10) business days from the date of receipt of any such First Participation Notice to agree in writing to purchase up to such Participation Rights
Holder’s Pro Rata Share of such New Securities for the price and upon the terms and conditions specified in the First Participation Notice by giving written notice to the Company and stating therein the quantity of New Securities to be
purchased (not to exceed such Participation Rights Holder’s Pro Rata Share). If any Participation Rights Holder fails to so agree in writing within such ten (10) business day period to purchase such Participation Rights Holder’s full
Pro Rata Share of an offering of New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata Share of such New Securities that it did not agree to purchase. 
 (b) Second Participation Notice; Oversubscription. If any Participating Rights Holder fails or declines to exercise its Right of Participation in
accordance with subsection (a) above with respect to its full Pro Rata Share, the Company shall promptly give notice (the “Second Participation Notice”) to other Participating Rights Holders who exercised their Right of
Participation with respect to their respective full Pro Rata Shares (the “Right Participants”) in accordance with subsection (a) above. Each Right Participant shall have five (5) business days from the date of the Second
Participation Notice (the “Second Participation Period”) to notify the Company of its desire to purchase more than its Pro Rata Share of the New Securities, stating the number of the additional New Securities it proposes to buy (the
“Additional Number”). Such notice may be made by telephone if confirmed in writing within two (2) business days. If, as a result thereof, such oversubscription exceeds the total number of the remaining New Securities available
for purchase, each oversubscribing Right Participant will be cut back by the Company with respect to its oversubscription to that number of remaining New Securities equal to the lesser of (x) the Additional Number and (y) the product
obtained by multiplying (i) the number of the remaining New Securities available for subscription by (ii) a fraction, the numerator of which is the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by
such oversubscribing Right Participant and the denominator of which is the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by all the oversubscribing Right Participants. Each Right Participant who provides
a notice to the Company under this Section 3.4, prior to the expiration of the Second Participation Period, informing the Company of its election to purchase an Additional Number of New Securities shall be obligated to buy such number of New
Securities as determined by the Company pursuant to this Section 3.4 and the Company shall so notify the Right Participants within fifteen (15) business days following the date of the Second Participation Notice. 
 3.5 Failure to Exercise. Upon the expiration of the Second Participation Period, or in the event no Participation Rights Holder exercises the
Right of Participation within ten (10) days following the issuance of the First Participation Notice, the Company shall have 

  

 20 

 
ninety (90) days thereafter to sell the New Securities described in the First Participation Notice (with respect to which the Right of Participation
hereunder were not exercised) at the same or higher price and upon non price terms not more favorable to the purchasers thereof than specified in the First Participation Notice. In the event that the Company has not issued and sold such New
Securities within such ninety (90) day period, then the Company shall not thereafter issue or sell any New Securities without again first offering such New Securities to the Participation Rights Holders pursuant to this Section 3.

 3.6 Termination. The Right of Participation for each Participation Rights Holder shall terminate upon an Initial Public Offering
resulting in a total market capitalization of the Company, immediately following the consummation of such offering, of at least US$150,000,000 and actual proceeds received by the Company of at least US$30,000,000 (a “Qualified Public
Offering”). 
 4. Transfer Restrictions. 
 4.1 Certain Definitions. For purposes of this Section 4, “Ordinary Shares” means (i) the Company’s outstanding Ordinary Shares, (ii) the Ordinary Shares issued or issuable
upon conversion of the Company’s outstanding preferred shares, (iii) the Ordinary Shares issuable upon exercise of outstanding options or warrants and (iv) the Ordinary Shares issuable upon conversion of any outstanding convertible
securities; “First Refusal Right Holder” means each of the Investors and their respective assignees to whom their rights under this Section 4 have been duly assigned in accordance with this Agreement; and “Restricted
Shares” means any of the Company’s securities now owned or subsequently acquired by any of the Founders or any Shareholder or their permitted assignees to whom their rights under this Section 4 have been duly assigned in
accordance with this Agreement. 
 4.2 Sale of Restricted Shares; Notice of Sale. Subject to Section 4.6 of this Agreement, if
any of the Founders or any Shareholder or their permitted assignees to whom their rights under this Section 4 have been duly assigned in accordance with this Agreement (the “Selling Shareholder”) proposes to sell or transfer
any Restricted Shares held by it, then the Selling Shareholder shall promptly give written notice (the “Transfer Notice”) to each First Refusal Right Holder prior to such sale or transfer. The Transfer Notice shall describe in
reasonable detail the proposed sale or transfer including, without limitation, the number of Restricted Shares to be sold or transferred (the “Offered Shares”), the nature of such sale or transfer, the consideration to be paid, and
the name and address of each prospective purchaser or transferee. 
 4.3 Right of First Refusal. Each First Refusal Right Holder will
have the right, exercisable upon written notice (the “First Refusal Notice”) to the Selling Shareholder, the Company and each other First Refusal Right Holder within twenty (20) days after receipt of the Transfer Notice (the
“First Refusal Period”) of its election to exercise its right of first refusal hereunder. The First Refusal Notice shall set forth the number of Offered Shares that such First Refusal Right Holder wishes to purchase, which amount
shall not exceed the First Refusal Allotment (as defined below) of such First Refusal Right Holder. Such right of first refusal may be exercised as follows: 
  

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 (a) First Refusal Allotment. Each First Refusal Right Holder shall have the right to purchase up
to that number of the Offered Shares (the “First Refusal Allotment”) equivalent to the product obtained by multiplying the aggregate number of the Offered Shares by a fraction, the numerator of which is the number of Ordinary Shares
held by such First Refusal Right Holder at the time of the transaction and the denominator of which is the total number of Ordinary Shares owned by all First Refusal Right Holders at the time of the transaction. Any First Refusal Right Holder shall
not have a right to purchase any of the Offered Shares unless it exercises its right of first refusal within the First Refusal Period to purchase up to all of its First Refusal Allotment of the Offered Shares. To the extent that any First Refusal
Right Holder does not exercise its right of first refusal to the full extent of its First Refusal Allotment, the Selling Shareholder and the First Refusal Right Holders who exercised their right of first refusal to the full extent of their
respective First Refusal Allotments (the “Fully Exercising Participants”) shall, within five (5) days after the end of the First Refusal Period, make such adjustments to the First Refusal Allotment of each Fully Exercising
Participants so that any remaining Offered Shares may be allocated to those Fully Exercising Participants on a pro rata basis. 
 (b)
Expiration Notice. Within ten (10) days after expiration of the First Refusal Period the Company will give written notice (the “First Refusal Expiration Notice”) to the Selling Shareholder specifying either (i) that
all of the Offered Shares was subscribed by the First Refusal Right Holders exercising their rights of first refusal or (ii) that the First Refusal Right Holders have not subscribed for all of the Offered Shares in which case, solely for the
Founder, the First Refusal Expiration Notice will specify the Co-Sale Portion (as defined below) of the remaining Offered Shares for the purpose of their co-sale right described in Section 4.4 below. 
 (c) Purchase Price. The purchase price for the Offered Shares to be purchased by the First Refusal Right Holders exercising their right of first
refusal will be the price set forth in the Transfer Notice, but will be payable as set forth in Section 4.3(d) below. If the purchase price in the Transfer Notice includes consideration other than cash, the cash equivalent value of the non cash
consideration will be as determined by a reputable appraiser mutually agreed upon by the Selling Shareholder and the First Refusal Right Holders, which determination will be binding upon the Company, the First Refusal Right Holders and the Selling
Shareholder, absent fraud or error. 
 (d) Payment. Payment of the purchase price for the Offered Shares purchased by the First
Refusal Right Holders shall be made within thirty (30) days following the date of the First Refusal Expiration Notice. Payment of the purchase price will be made by wire transfer or check as directed by the Selling Shareholder. 
 (e) Rights of a Selling Shareholder. If any First Refusal Right Holder exercises its right of first refusal to purchase the Offered Shares, then,
upon the date the notice of such exercise is given by such First Refusal Right Holder, the Selling Shareholder will have no further rights as a holder of such Offered Shares except the right to receive payment for such Offered Shares from such First
Refusal Right Holder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such Offered Shares to be surrendered to the Company for transfer to such First Refusal Right Holder.

  

 22 

 (f) Application of Co-Sale Right. In the event that the First Refusal Right Holders have not
elected to purchase any or all of the Offered Shares, then, solely with respect to the Founder, the sale of the remaining Offered Shares will become subject to the co-sale right of the First Refusal Right Holders as set forth in Section 4.4
below. 
 4.4 Co-Sale Right. To the extent that the First Refusal Right Holders have not exercised their right of first refusal with
respect to any or all of the Founder’s Offered Shares, then each Right of First Refusal Holder (the “Co-Sale Right Holders”) shall have the right, exercisable upon written notice to the Founder, the Company and each other
Co-Sale Right Holder (the “Co-Sale Notice”) within twenty (20) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Offered Shares on the
same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Company securities (on both an absolute and as-converted to Ordinary Shares basis) that such participating Co-Sale Right Holder wishes to
include in such sale or transfer, which amount shall not exceed the Co-Sale Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the
terms and conditions set forth below, the number of Restricted Shares that the Founder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and
conditions: 
 (a) Co-Sale Portion. Each Co-Sale Right Holder may sell all or any part of that number of Ordinary Shares held by it
that is equal to the product obtained by multiplying (x) the aggregate number of the Offered Shares subject to the co-sale right hereunder by (y) a fraction, the numerator of which is the two times (2x) the number of Ordinary Shares
(calculated on an as-if converted basis) owned by the Co-Sale Right Holder at the time of the sale or transfer, and the denominator of which is the total outstanding number of Ordinary Shares (calculated on an as-if converted basis)
(“Co-Sale Portion”); provided, however, that notwithstanding the foregoing, if the aggregate number of the Offered Shares proposed to be sold by the Founder would result in the Founder no longer beneficially owning at
least 50% of the number of Ordinary Shares beneficially owned by him as of the date hereof, the “Co-Sale Portion” shall be equal to the actual number of Ordinary Shares (calculated on an as-if converted basis) owned by the Co-Sale Right
Holder. To the extent that any Co-Sale Right Holder does not participate in the sale to the full extent of its Co-Sale Portion, the Founder and the other Co-Sale Right Holders who participated to the full extent of their respective Co-Sale Portions
(the “Fully Participating Co-Sale Right Holders”) shall, within five (5) days after the end of such Co-Sale Right Period, make such adjustments to the Co-Sale Portion of each Fully Participating Co-Sale Right Holder so that any
remaining Offered Shares may be allocated to the Fully Participating Co-Sale Right Holders on a pro rata basis. 
 (b) Transferred
Shares. Each participating Co-Sale Right Holder shall effect its participation in the sale by promptly delivering to the Founder for transfer to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent:

 (i) the number of Ordinary Shares which such Co-Sale Right Holder elects to sell; 
  

 23 

 (ii) that number of Series A Shares which is at such time convertible into the number of Ordinary Shares
that such Co-Sale Right Holder elects to sell; provided in such case that, if the prospective purchaser objects to the delivery of Series A Shares in lieu of Ordinary Shares, such Co-Sale Right Holder shall convert such Series A Shares into Ordinary
Shares and deliver Ordinary Shares as provided in Subsection 4.4(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or 
 (iii) a combination of the above. 
 (c)
Payment to Co-Sale Right Holders. The share certificate or certificates that the participating Co-Sale Right Holder delivers to the Founder pursuant to Section 4.4(b) shall be transferred to the prospective purchaser in consummation of
the sale of the Restricted Shares pursuant to the terms and conditions specified in the Transfer Notice, and the Founder shall concurrently therewith remit to such Co-Sale Right Holder that portion of the sale proceeds to which such Co-Sale Right
Holder is entitled by reason of its participation in such sale. To the extent that any prospective purchaser or purchasers prohibits such assignment or otherwise refuses to purchase any shares or other securities from a Co-Sale Right Holder
exercising its co-sale right hereunder, the Founder shall not sell to such prospective purchaser or purchasers any Restricted Shares unless and until, simultaneously with such sale, the Founder shall purchase such shares or other securities from
such Co-Sale Right Holder. 
 (d) Right to Transfer. To the extent the Co-Sale Right Holders do not elect to purchase, or, solely in
the case of the Founder, to participate in the sale of, the Restricted Shares subject to the Transfer Notice, the Selling Shareholder may, not later than ninety (90) days following delivery to the Company and each of the First Refusal Right
Holders of the Transfer Notice, conclude a transfer of the Restricted Shares covered by the Transfer Notice and not elected to be purchased by the First Refusal Right Holders, which in each case shall be on substantially the same terms and
conditions as those described in the Transfer Notice. Any proposed transfer on terms and conditions which are different from those described in the Transfer Notice, as well as any subsequent proposed transfer of any Restricted Shares by the Selling
Shareholder, shall again be subject to the right of first refusal of the First Refusal Right Holders and, solely in the case of the Founder, the co-sale right of the Co-Sale Right Holders and shall require compliance by the Selling Shareholder with
the procedures described in Section 4.2, Section 4.3 and, solely in the case of the Founder, Section 4.4 of this Agreement. 
 4.5 Exempt Transfers. Subject to Section 4.6(a) hereof, the right of first refusal and co-sale rights shall not apply to any transfer to a Permitted Transferee (as defined below); provided that adequate documentation
therefor is provided to the Board and the First Refusal Right Holders to their satisfaction and that any such Permitted Transferee agrees in writing to be bound by this Agreement in place of the relevant transferor; provided, further,
that such transferor shall remain liable for any breach by such Permitted Transferee of any provision hereunder. For purposes of this Agreement, a “Permitted Transferee” shall mean (i) in the case of a party which is an
individual, its parents, children or spouse, or trusts for the benefit of such persons for bona fide estate planning purposes, and (ii) in the case of a party who is an entity, any partner, member or affiliate of such entity. 
  

 24 

 4.6 Prohibited Transfers. 
 (a) Notwithstanding anything to the contrary contained herein, the Founder, the Shareholders or their Permitted Transferees shall not, without the prior
written consent of the holders of a majority in voting power of the Series A Shares outstanding, sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose through one or a series of transactions any Company securities now
held by them or their Permitted Transferees to any person prior to an Qualified Public Offering. 
 (b) Any attempt by a Party to sell or
transfer Restricted Shares in violation of this Section 4 shall be void, and the Company hereby agrees it will not effect such a transfer nor will it treat any alleged transferee as the holder of such shares without the written consent of the
holders of a majority in voting power of the Series A Shares outstanding. For avoidance of doubt, any proposed sale or transfer of Restricted Shares by the Founder in violation of this Section 4 (including, without limitation, the co-sale
provisions of Section 4.4) shall be void. 
 4.7 Legend. 
 (a) Each certificate representing the Restricted Shares shall be endorsed with the following legend: 
 “THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET
FORTH IN A SHAREHOLDERS AGREEMENT, A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” 
 (b) Each
Party agrees that the Company may instruct its transfer agent to impose transfer restrictions on the shares represented by certificates bearing the legend referred to in Section 4.7(a) above to enforce the provisions of this Agreement and the
Company agrees to promptly do so. The legend shall be removed upon termination of the provisions of this Section 4. 
 4.8 Term.
The provisions under this Section 4 shall terminate upon a Qualified Public Offering. 
 5. Other Rights and Covenants.

 5.1 Qualified Public Offering. The Company shall use its best efforts, and each of the Founders, the Shareholders, and their
permitted assignees to whom their rights under this Agreement have been duly assigned in accordance with this Agreement shall use commercially reasonable efforts, to achieve an Qualified Public Offering prior to the expiration of the twenty
(20) month period after the date hereof. 
  

 25 

 5.2 Founder Lock-Up. In connection with the Qualified Public Offering, each of the Founders and
its Permitted Transferees shall agree in writing to be bound by the same market-stand off restrictions as set forth in Section 2.13 of this Agreement. 
 5.3 Non-Competition. Each of the Founders shall not engage in any business and shall not otherwise participate in, directly or indirectly (whether as an officer, director, employee, partner, consultant, holder
of an equity or debt investment, lender or in any other manner or capacity), or lend their name (or any part, variant or formative thereof) to, any business which is, or as a result of the Founder’s engagement or participation would become,
competitive with any significant aspect of the business of the Company, the WFOE, or any of their subsidiaries. 
 5.4 Meetings of the
Board. The Board shall meet at least once in every three-month period. 
 5.5 Cash Management. Free cash of the Company shall be
deposited in one or more demand deposit accounts established under the name of the Company with banks or financial institutions having aggregate capital and surplus in excess of US$500,000,000. 
 5.6 Future Issuance of Securities. In addition to such other limitations as may be provided in the Restated Articles, the Company shall not issue
any Ordinary Shares (or any other securities of the Company that are exercisable for or convertible into Ordinary Shares) after the date hereof (other than pursuant to existing options, warrants or other securities convertible into or exchangeable
or exercisable for the Ordinary Shares or pursuant to the Purchase Agreement) unless each recipient of any such securities executes a counterpart to this Agreement and agrees to be bound as a Shareholder hereunder. 
 5.7 Directors Indemnification; Insurance. The Restated Articles shall at all times provide for the indemnification of the directors of the
Company, their affiliates and any directors, officers, partners, members, employees, agents and spouse of the foregoing (collectively, the “Indemnitees”), as applicable to the maximum extent provided by the law of the jurisdiction in which
the Company is organized. At the request of any director appointed by any Investor, the Company will promptly enter into an indemnification agreement with such director on customary terms and conditions covering the relevant Indemnitees as such
director may request. The Company shall obtain and pay for (subject to a reasonable annual premium) directors’ and officers’ insurance covering the relevant Indemnitees for an insured amount of no less than US$7,500,000. 
 5.8 Proposed Transfers by Series A Share Holders. In the event that any holder of Series A Shares proposes to transfer any equity securities of
the Company to a bona fide transferee, each such proposed transferor shall, notwithstanding anything to contrary as set forth herein or in the Purchase Agreement, be entitled to disclose to such proposed transferee any information, documents or
materials known to or otherwise available to the proposed transferor which pertain to the Company or the WFOE. The Company and the WFOE hereby agree to provide such information and assistance as may be reasonably requested by such proposed
transferor or proposed transferee in order to facilitate such proposed transfer. 
  

 26 

 5.9 Employee Benefit Indemnity. Each of the Founders and the Shareholders whose names are set
forth on Exhibit B hereto as of the date hereof (and their permitted assigns and transfers) hereby, jointly and severally, undertakes to indemnify the Investors against any and all losses, liabilities, damages, suits, obligations, fines, judgments
or settlements of any kind (including, without limitation, all reasonable legal costs, costs of recovery and other expenses incurred by the Investors) resulting from any claim relating to the WFOE’s failure to contribute to any welfare funds,
social benefits, medical benefits, insurance, retirement benefits, housing fund and pensions the amounts that it is required to contribute under the relevant laws of the People’s Republic of China (the “Employee Benefit
Losses”). For purposes of this Section 5.9, the Pro Rata Portion attributable to any Founder or Shareholder (as applicable) shall be a fraction, the numerator of which is the number of shares in the Company held, as of the Initial
Closing, by such Founder or Shareholder, and the denominator of which is the total number of shares in the Company held, as of the Initial Closing, by all the Founders and the Shareholders whose names are set forth on Exhibit B hereto. 

5.10 Compliance with Anti-Money Laundering Laws. Each of the Parties shall comply with anti-money laundering laws, rules, and regulations of
its own jurisdiction, has established and maintains an anti-money laundering program in accordance with laws, rules and regulations of its jurisdiction, and does not to its knowledge have a business relationship with any persons subject to any
sanctions list. 
 5.11 Compliance with Foreign Corrupt Practices Law. Each of the Parties (a) acknowledges that it is aware of
and familiar with the provisions of the U.S. Foreign Corrupt Practices Act of 1977, as amended (“FCPA”) and its purposes and all laws, regulations, notices, decrees and decisions in applicable jurisdictions concerning bribery issues
(“Applicable Anti-Bribery Laws”) and (b) will take no action and make no payment (including promises to take action or to make payments) in violation of, or that might cause any other party or its affiliates or subsidiaries to
be in violation of, the FCPA, Applicable Anti-Bribery Laws or any other applicable laws and regulations. 
 6. Assignment and
Amendment. 
 6.1 Assignment. Notwithstanding anything herein to the contrary, any right of an Investor hereunder are fully
assignable in connection with a transfer of shares of the Company by such Investor; provided, however, that no party may be assigned any of the foregoing rights unless the Company is given written notice by the shareholder at the time
of such assignment, stating the name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and provided further, that any such assignee shall receive such assigned
rights subject to all the terms and conditions of this Agreement. 
 6.2 Amendment of Rights. Unless otherwise specifically provided
herein, this Agreement may be amended only by agreement in writing on behalf of all Parties by the consent of the Company and the holders of one hundred percent (100%) of the voting power of the Series A Shares then outstanding;
provided, however, the addition of additional Investors hereunder who purchase Series A Shares pursuant to the Purchase Agreement or additional parties who become Shareholders hereunder pursuant to Section 5.6 above and the
updating of Exhibit A and/or Exhibit B attached hereto in order to reflect such additions shall not constitute an 

  

 27 

 
amendment of this Agreement, and consent of the Company and holders of the Series A Shares shall not be required. Except as otherwise specifically provided
herein, no waiver of any provision nor consent to any exception to the terms of this Agreement shall be effective unless in writing and signed (i) with respect to the Company, or the WFOE, by the Company; and (ii) with respect to any
holder of the Series A Shares, by such holder. 
 7. Corporate Governance Matters. In addition to such other limitations as may be
provided herein or in the Restated Articles, the effectuation of any of the following actions involving the Company (the term “Company” shall include the Company, the WFOE, all subsidiaries of the Company or the WFOE, and entities directly
or indirectly controlled by the Company, the WFOE or their respective subsidiaries) shall require (i) as long as any of the Series A Shares issued under the Purchase Agreement remain outstanding and except as otherwise required by law, the
affirmative vote at a general meeting by, or the prior written consent signed by the holders of, at least an eighty percent (80%) majority of the voting power of the Series A Shares then outstanding, voting together as a single class and to the
exclusion of any other class of shares; and (ii) as long as any Series A Director remains on the Board, the approval or written consent of all of the Series A Directors: 
 (a) Any alteration of the rights, powers, preferences or restrictions for the Series A Preferred Shares, or any increase or decrease in the authorized
number of Series A Preferred Shares or Ordinary Shares; 
 (b) The creation, issuance, or authorization (by reclassification or otherwise)
of any class or series of equity securities, or any additional securities exercisable, convertible or exchangeable for any equity securities; 
 (c) The amendment, alteration, waiver or repeal of any provision of the memorandum of association, articles of association or any other constitutional documents of the Company or any of its Subsidiaries; 
 (d) The merger, amalgamation or consolidation (or other similar transaction) of the Company or any Subsidiary with any party; 
 (e) The sale, lease, exchange, transfer, contribution, mortgage, pledge, encumbrance or other disposition of any fixed assets or intangible assets of
the Company or any Subsidiary (whether in an individual transaction or a series of related transactions) where the value of the transaction(s) exceeds US$200,000 (excluding the sale, transfer, or other disposition of inventory by the Company or any
Subsidiary in the ordinary course of business); 
 (f) Any filing for any bankruptcy, voluntary dissolution, winding-up, liquidation,
recapitalization, reorganization, split-up or spin-off, with respect to the Company or any Subsidiary; 
 (g) Any appointment or dismissal
of the outside independent auditors of the Company or any Subsidiary; 
  

 28 

 (h) Any material change to the Company’s or any Subsidiary’s accounting policies, practices,
methods or principles that is not (i) required by applicable regulatory authorities or (ii) otherwise required to comply with applicable laws, rules and regulations; 
 (i) Any material change in the business activities engaged by the Company or any Subsidiary; 
 (j) The incurrence of any indebtedness or assumption of any financial obligation, or otherwise the issuance, assumption, guarantee or creation of any
liability for borrowed money, that results in a deviation of more than 10% from the planned incurrence of indebtedness amount set forth in the then-current business, financial and operating plan and annual budget plan (collectively, the
“Annual Budget Plan”), which Annual Budget Plan has been approved by the Board of Directors (including all of the Series A Directors); 
 (k) Any capital expenditure or any purchase of intangible assets that results in a deviation of more than 5% from the planned capital expenditure or planned purchase of intangible assets set forth in the Annual Budget
Plan; 
 (l) Any actual change in expenditures that results in a deviation of more than 10% from the planned expenditures set forth in the
Annual Budget Plan; 
 (m) Any transaction (or any series of related transactions) with any affiliate that is not (i) in the ordinary
course of business and (ii) on an arms-length basis; 
 (n) Any adoption of, or material amendment to, an employee stock option plan or
other similar equity incentive plan; 
 (o) Any material change to the compensation and bonus of any executive officer or senior employee of
the Company or any Subsidiary; 
 (p) Any appointment, nomination, termination or change of the chief executive officer, chief financial
officer and chief operating officer (or the equivalent) of the Company or any Subsidiary; 
 (q) The selection of any listing exchange for a
registered initial public offering of the shares of the Company and the approval of the valuation of the Company in connection with such offering as well as the number of shares of the Company to be sold in such offering; 
 (r) Any increase or decrease of the authorized size of the Board; 
 (s) Any withdrawal, disbursement, check or draft drawn on the accounts of the Company which are made outside the ordinary course of business and for an amount in excess of US$200,000; 
 (t) The commencement of any legal action, arbitration, mediation or claims and any decision to settle any lawsuits or claims; or 
 (u) The adoption and approval of Annual Budget Plan. 
  

 29 

 8. Confidentiality. 
 8.1 Disclosure of Terms. The terms and conditions of this Agreement, any term sheet or memorandum of understanding entered into pursuant to the transactions contemplated hereby, all exhibits and schedules
attached hereto and thereto, any other document contemplated hereunder, and the transactions contemplated hereunder and thereunder, including their existence (collectively, the “Terms”), shall be considered confidential information
and shall not be disclosed by any Party to any third party except as otherwise permitted in accordance with the provisions set forth below. 
 8.2 Permitted Disclosures. Notwithstanding the foregoing, (i) any Party may disclose the Terms, the existence of the investment and the identity of the Investors solely to its affiliates, current investors, investment bankers,
lenders, accountants, legal counsels, employees, and bona fide prospective investors, in each case only where such persons or entities are under strict nondisclosure obligations and have a need to obtain such information; and (ii) each Investor
may, at its option, without disclosing the identities of the other Investors absent their consent, disclose the Terms and the existence of its investment in the Company to any person, in a press release, or pursuant to any other public announcement.
In the event that an Investor has disclosed information pertaining to the transactions contemplated hereunder in a press release or other public announcement, any such information so disclosed may subsequently be disclosed by the Company or any
other Investor. 
 8.3 Legally Compelled Disclosure. In the event that any Party is requested or becomes legally compelled (including
without limitation, pursuant to applicable securities laws or as required by applicable rules of any stock exchange or securities regulatory authority) to disclose the existence of this Agreement or content of any of the Terms in contravention of
the provisions of this Section 10, such Party (the “Disclosing Party”) shall, provide the other Parties with prompt written notice of that fact so that the appropriate Party may, with the cooperation and reasonable efforts of
the other Parties, seek a protective order, confidential treatment or other appropriate remedy. In such event, the Disclosing Party shall furnish only that portion of the information which is legally required and shall exercise reasonable efforts to
obtain reliable assurance that confidential treatment will be accorded such information. 
 8.4 Press Releases, Etc. Within sixty
(60) days after the date hereof, the Company may issue a press release disclosing that the Investors have invested in the Company; provided, however, that (i) such press release shall not disclose any other Terms; and (ii) the content
of such press release shall have been approved in writing in advance by the Investors. The name of each Investor and the fact that such Investor is a shareholder of the Company can be included in a reusable press release boilerplate statement, so
long as such Investor has given the Company its approval of such boilerplate statement and the boilerplate statement is reproduced in exactly the form in which it was approved. No other announcements regarding any Term or any Investor in a press
release, conference, advertisement, announcement, professional or trade publication, marketing materials or otherwise to the general public may be made without the prior written consent of each Investor. 
  

 30 

 8.5 Other Confidentiality Obligations. The provisions of this Section 8 shall be in addition
to, and not in substitution for, the provisions of any separate nondisclosure agreement executed by any of the Parties with respect to the transactions contemplated hereby. 
 8.6 Notices. All notices required under this Section 8 shall be made pursuant to Section 11.1 of this Agreement. 
 9. General Provisions. 
 9.1
Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand
delivered to the other Party, upon delivery; (b) when sent by facsimile at the number set forth in Exhibit C hereto, upon receipt of confirmation of error-free transmission; (c) seven (7) business days after deposit in the mail
as air mail or certified mail, receipt requested, postage prepaid and addressed to the other Party as set forth in Exhibit C; or (d) three (3) business days after deposit with an international overnight delivery service, postage
prepaid, addressed to the Parties as set forth in Exhibit C with next business day delivery guaranteed, provided that the sending Party receives a confirmation of delivery from the delivery service provider. 
 A Party may change or supplement the addresses given above, or designate additional addresses, for purposes of this Section 9.1 by giving the other
Parties written notice of the new address in the manner set forth above. 
 9.2 Entire Agreement. This Agreement and the Purchase
Agreement, any Ancillary Agreements (as defined in the Purchase Agreement), together with all the exhibits hereto and thereto, constitute and contain the entire agreement and understanding of the Parties with respect to the subject matter hereof and
supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations among the Parties respecting the subject matter hereof. 
 9.3 Governing Law. This Agreement shall be governed by and construed exclusively in accordance the internal laws of the Hong Kong Special Administrative Region of the People’s Republic of China
(“Hong Kong”) without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of Hong Kong to the rights and duties of the Parties hereunder. 

9.4 Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the
extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such
provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the Parties. In such event, the Parties shall use best
efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the Parties’ intent in entering into this Agreement. 
  

 31 

 9.5 Third Parties. Nothing in this Agreement, express or implied, is intended to confer upon any
person, other than the Parties and their permitted successors and assigns any rights or remedies under or by reason of this Agreement. 
 9.6
Successors and Assigns. Subject to Section 6.1 hereof, the provisions of this Agreement shall inure to the benefit of, and shall be binding upon, the successors and permitted assigns of the Parties. 
 9.7 Interpretation; Captions. This Agreement shall be construed according to its fair language. The rule of construction to the effect that
ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The captions to sections of this Agreement have been inserted for identification and reference purposes only and shall not be used to
construe or interpret this Agreement. Unless otherwise expressly provided herein, all references to Sections and Exhibits herein are to Sections and Exhibits of this Agreement. 
 9.8 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Counterparts transmitted by facsimile shall be deemed to be originals. 
 9.9 Adjustments for
Share Splits, Etc. Wherever in this Agreement there is a reference to a specific number of shares of Series A Shares or Ordinary Shares of the Company, then, upon the occurrence of any subdivision, combination or share dividend of the Series A
Shares or Ordinary Shares, the specific number of shares so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding shares of such class or series of shares by such subdivision,
combination or share dividend. 
 9.10 Aggregation of Shares. All Series A Shares or Ordinary Shares held or acquired by affiliated
entities or persons (as defined in Rule 144 under the Securities Act) shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 9.11 Shareholders Agreement to Control. If and to the extent that there are inconsistencies between the provisions of this Agreement and those of
the Memorandum and Articles or any other constituent documents of the Company, the WFOE or any of their respective subsidiaries, the terms of this Agreement shall control. The Parties agree to take all actions necessary or advisable, as promptly as
practicable after the discovery of such inconsistency, to amend such constituent documents of the Company, the WFOE or any of their respective subsidiaries so as to eliminate such inconsistency. 
 9.12 Dispute Resolution. 
 (a)
Negotiation Between Parties. The Parties agree to negotiate in good faith to resolve any dispute between them regarding this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of all Parties within thirty
(30) days, Section 11.12(b) shall apply. 
 (b) Arbitration. In the event the Parties are unable to settle a dispute
between them regarding this Agreement in accordance with subsection (a) above, such dispute shall be referred to and finally settled by arbitration at Hong Kong International 

  

 32 

 
Arbitration Centre in accordance with the UNCITRAL Arbitration Rules (the “UNCITRAL Rules”) in effect, which rules are deemed to be
incorporated by reference into this subsection (b). The arbitration tribunal shall consist of three arbitrators to be appointed according to the UNCITRAL Rules. The language of the arbitration shall be English. 
 9.13 Further Actions. Each shareholder of the Company agrees that it shall use its best effort to enhance and increase the value and principal
business of the Company. 
 9.14 Specific Performance. The Parties acknowledge that, in view of the transactions contemplated by this
Agreement, each Party would not have an adequate remedy at law for money damages in the event that this Agreement has not been performed in accordance with its terms, and therefore agrees that the non-breaching Parties shall be entitled to specific
enforcement of the terms hereof in addition to any other remedy to which such non-breaching Parties may be entitled at law or in equity. 
 9.15 Conflicts Between Different Translations. This Agreement shall be executed in English and, in the event of any conflict between the English language version of this Agreement and any translation of this Agreement into a language
other than English, such English language version shall prevail, except with respect of any disclosure schedules to this Agreement, which may be provided in Chinese in whole or in part and shall not be translated into English. 
 9.16 Restatement of Prior Agreement. The parties to this Agreement, pursuant to Section 6.2 of the Prior Agreement and on behalf of all
parties to the Prior Agreement, hereby agree that this Agreement shall amend, restate, and supersede the Prior Agreement in all respects. 
 [Signature Page Follows] 
  

 33 

 IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to duly
execute this Agreement as of the date and year first above written. 
  

			
	THE COMPANY:
	
	TRINA SOLAR ENTERGY HOLDING LIMITED CO.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	Director
	
	THE WFOE:
	
	CHANGZHOU TRINA SOLAR ENERGY CO., LTD.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	LEGAL REPRESENTATIVE
	
	THE FOUNDERS:
	
	 /s/ Gao Jifan

	Gao Jifan
	 /s/ Wu Chunyan

	WU Chunyan
	
	TRINA INTERNATIONAL INVESTMENT CO., LTD.
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	Director

  

 [SIGNATURE PAGE TO AMENDED AND RESTATED SHAREHOLDERS AGREEMENT] 

			
	THE FOUNDERS:
	
	PERSEVERANCE INTERNATIONAL INVESTMENT CO., LTD.
		
	By:	 	 /s/ WU Chunyan

	Name:	 	WU Chunyan
	Title:	 	Director
	
	THE INVESTORS:
	
	MILESTONE SOLAR HOLDINGS I LIMITED
		
	By:	 	 /s/ Liping Qiu

	Name:	 	Liping Qiu
	Title:	 	
	
	MILESTONE SOLAR HOLDINGS II LIMITED
		
	By:	 	 /s/ Liping Qiu

	Name:	 	Liping Qiu
	Title:	 	
	
	TRIUMPH SKY TECHNOLOGY LIMITED
		
	By:	 	 /s/ Liping Qiu

	Name:	 	Liping Qiu
	Title:	 	
	
	ACCURATE GROUP HOLDINGS LIMITED
		
	By:	 	 /s/ Liping Qiu

	Name:	 	Liping Qiu
	Title:	 	

  

 [SIGNATURE PAGE TO AMENDED AND RESTATED SHAREHOLDERS AGREEMENT] 

			
	THE INVESTORS:
	
	INDOPARK HOLDINGS LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	VDCI SA
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	IPROP HOLDINGS LIMITED
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	REALM INVESTMENTS LIMITED
		
	By:	 	 /s/ John Hammill

	Name:	 	John Hammill
	Title:	 	Director
		
	By:	 	 /s/ Sven Hansen

	Name:	 	Sven Hansen
	Title:	 	Authorized Signatory

  

 [SIGNATURE PAGE TO AMENDED AND RESTATED SHAREHOLDERS AGREEMENT] 

			
	THE SHAREHOLDERS:
	
	SINO BASE INVESTMENT CO., LTD.
		
	By:	 	 /s/ Yip Laishing

	Name:	 	Yip Laishing
	Title:	 	Director
	
	TRINA INTERNATIONAL INVESTMENT LIMITED
		
	By:	 	 /s/ Gao Jifan

	Name:	 	Gao Jifan
	Title:	 	Director
	
	DIVINE LAND INTERNATIONAL INVESTMENT LIMITED
		
	By:	 	 /s/ Liu Canfang

	Name:	 	Liu Canfang
	Title:	 	Director
	
	PERSEVERANCE INTERNATIONAL INVESTMENT LIMITED
		
	By:	 	 /s/ Wu Chunyan

	Name:	 	Wu Chunyan
	Title:	 	Director
	
	SOUTH GREAT INVESTMENT LIMITED
		
	By:	 	 /s/ Shi Jianwei

	Name:	 	Shi Jianwei
	Title:	 	Director

  

 [SIGNATURE PAGE TO AMENDED AND RESTATED SHAREHOLDERS AGREEMENT] 

 LIST OF EXHIBITS 
  

			
	Exhibit A	 	Schedule of Investors
		
	Exhibit B	 	Schedule of Shareholders
		
	Exhibit C	 	Notices

 EXHIBIT A 
 Schedule of Investors 
 Milestone Solar Holdings I Limited 
 Company no.: 1020560 
 Registered address: P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Milestone Solar Holdings II Limited 
 Company no.: 1020561 
 Registered address: P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Triumph Sky Technology Limited 
 Company no.: 1013001 
 Registered address: P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Accurate Group Holdings Limited 
 Company no.: 587612 
 Registered address: P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands 
 Indopark Holdings Limited 
 Company no.: 57270 
 Registered address: c/o DTOS Ltd, 4th Floor, IBL House,
Caudan, Port Louis, Republic of Mauritius 
 VDCI S.A. 
 Company no.: B 70292 
 Registered address: 35, boulevard Prince Henri, L-1724 Luxembourg 
 IPROP Holdings Limited 
 Company no.: not applicable 
 Registered address: P. O. Box 662, Citco Building, Wickhams Cay, Road Town, Tortola, British Virgin Islands 
 Realm Investments Limited 
 Company no.: 90670 
 Registered address: 3rd Floor, Britannic House, 9 Hope Street, St Helier, Jersey, Channel Islands, JE2 3NS 

 EXHIBIT B 
 Schedule of Shareholders 
 Sino Base Investment Co., Ltd. 
 Trina International Investment Limited 
 Divine Land International
Investment Limited 
 Perseverance International Investment Limited 
 South Great Investment Limited 

 EXHIBIT C 
 Notices 
 To the Company, the WFOE and the Founders: 
 Ms. Hua Wu 
 Changzhou Trina Solar Energy
Co., Ltd. 
 No. 2 Xin Yuan Yi Road 
 Electronic Park 
 New District 
 Chang Zhou City 213031, China 
 Fax: 86 519 548 5869 
 To the Investors: 
 Milestone Capital Management Ltd.: 
 Mr. Liping Qiu 
 Unit A 904-905, Huixin
Plaza 
 No. 8 Beichen Road, Chaoyang District 
 Beijing 100101, China 
 Fax: 86 10 8497 1449 
 Indopark: 
 c/o Mr. David J. Lee 
 Merrill Lynch (Asia Pacific) Limited 
 17/F
ICBC Tower 
 3 Garden Road, Central 
 Hong Kong 
 Fax: 852 2161 7148 
 Realm
Investments Limited: 
 Mr. John Hammill 
 9 Hope Street, St. Helier 
 Jersey, Channel Islands 
 JE2 3NS 
 Fax: 44 1534 754 510 

 IPROP Holdings Limited: 
 Alan Grieve 
 c/o V & R Managament Services AG 
 Hinterbergstrasse 22 
 CH6330 Cham 

Switzerland 
 Fax: + 41 727 2356

 VDCI SA: 
 Alan Grieve 
 c/o Richemont Luxury Group SA 
 35 boulevard
Prince Henri 
 L1724 Luxembourg 
 Fax: +352 22 4219 
 To the Shareholders: 
 Ms. Hua Wu 
 Changzhou Trina Solar Energy Co., Ltd. 
 No. 2 Xin Yuan Yi Road 
 Electronic Park

 New District 
 Chang Zhou City
213031, China 
 Fax: 86 519 548 5869

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