Document:

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                                                                    Exhibit 4.17

The undersigned holder of the Series B Preferred Shares and/or Series C
Preferred Shares of LDK Solar Co., Ltd. (the "Company") has received a copy of
the unaudited consolidated income statements of the Company Group (as that term
is defined in the Share Purchase Agreement between the Company and the holders
of the Series B Preferred Shares, dated September 15, 2006 (the "Series B SPA"),
and the Share Purchase Agreement between the Company and the holders of the
Series C Preferred Shares, dated December 15, 2006 (the "Series C SPA")) for the
three-month period ended March 31, 2007 that has been reviewed by KPMG in
accordance with US GAAP (the "Unaudited First Quarter Financial Statements").
According to the Unaudited First Quarter Financial Statements, the Net Income of
the Company (as defined in the Unaudited First Quarter Financial Statements) for
the three months ended March 31, 2007 are US$24,534,000.

Notwithstanding the provisions in the Series B SPA or the Series C SPA and
subject to the provisions set forth in the paragraph immediately below, the
undersigned holder of the Series B Preferred Shares and/or Series C Preferred
Shares agrees that, if the Company completes its public filing of the F-1
registration statement on or before May 31, 2007, its final ownership in the
Company shall remain unchanged as its Initial Ownership in the Company on the
basis of the Net Income as stated in the Unaudited First Quarter Financial
Statements.

Please note this confirmation is based solely on the Net Income of the Company
for the three-month period ended March 31, 2007 that are contained in the
Unaudited First Quarter Financial Statements provided by the Company to the
undersigned. The undersigned has not conducted any independent verification of
such numbers or has not otherwise conducted an independent review or audit of
the Company's financial statements for the three months ended March 31, 2007. In
the event (i) the financial statements of the three-month period ended March 31,
2007 are revised in any aspect prior to the completion of the Company's
Qualified IPO on the NYSE; or (ii) the Company fails to complete its public
filing of the F-1 registration statement on or before May 31, 2007; or (iii) the
Company fails to complete a Qualified IPO on the NYSE within two months after
its public filing of the F-1 registration statement, the confirmation stated
above with respect to both the Net Income and the applicable review period shall
be null and void, and the rights of the undersigned with respect to the
adjustment of its final ownership in the Company as set forth in Section 2.4 of
the Series B SPA and/or Section 2.4 of the Series C SPA shall remain in full
force and effect.

Dated as of April 30, 2007

HOLDER OF SERIES B PREFERRED SHARES         HOLDER OF SERIES C PREFERRED SHARES

/s/  Weng Jiyi
----------------------------------
Grand Gains International Limited<PAGE>

                                                                    Exhibit 4.18

The undersigned holder of the Series B Preferred Shares and/or Series C
Preferred Shares of LDK Solar Co., Ltd. (the "Company") has received a copy of
the unaudited consolidated income statements of the Company Group (as that term
is defined in the Share Purchase Agreement between the Company and the holders
of the Series B Preferred Shares, dated September 15, 2006 (the "Series B SPA"),
and the Share Purchase Agreement between the Company and the holders of the
Series C Preferred Shares, dated December 15, 2006 (the "Series C SPA")) for the
three-month period ended March 31, 2007 that has been reviewed by KPMG in
accordance with US GAAP (the "Unaudited First Quarter Financial Statements").
According to the Unaudited First Quarter Financial Statements, the Net Income of
the Company (as defined in the Unaudited First Quarter Financial Statements) for
the three months ended March 31, 2007 are US$24,534,000.

Notwithstanding the provisions in the Series B SPA or the Series C SPA and
subject to the provisions set forth in the paragraph immediately below, the
undersigned holder of the Series B Preferred Shares and/or Series C Preferred
Shares agrees that, if the Company completes its public filing of the F-1
registration statement on or before May 31, 2007, its final ownership in the
Company shall remain unchanged as its Initial Ownership in the Company on the
basis of the Net Income as stated in the Unaudited First Quarter Financial
Statements.

Please note this confirmation is based solely on the Net Income of the Company
for the three-month period ended March 31, 2007 that are contained in the
Unaudited First Quarter Financial Statements provided by the Company to the
undersigned. The undersigned has not conducted any independent verification of
such numbers or has not otherwise conducted an independent review or audit of
the Company's financial statements for the three months ended March 31, 2007. In
the event (i) the financial statements of the three-month period ended March 31,
2007 are revised in any aspect prior to the completion of the Company's
Qualified IPO on the NYSE; or (ii) the Company fails to complete its public
filing of the F-1 registration statement on or before May 31, 2007; or (iii) the
Company fails to complete a Qualified IPO on the NYSE within two months after
its public filing of the F-1 registration statement, the confirmation stated
above with respect to both the Net Income and the applicable review period shall
be null and void, and the rights of the undersigned with respect to the
adjustment of its final ownership in the Company as set forth in Section 2.4 of
the Series B SPA and/or Section 2.4 of the Series C SPA shall remain in full
force and effect.

Dated as of April 30, 2007

HOLDER OF SERIES B PREFERRED SHARES         HOLDER OF SERIES C PREFERRED SHARES

                                            Silverpointe Investments Ltd.

                                            /s/ Yang Yang
                                            ---------------------------
                                            Yang Yang
                                            Director<PAGE>

                                                                    Exhibit 10.1

                               LDK SOLAR CO., LTD.

                            2006 STOCK INCENTIVE PLAN

     1. Purposes of the Plan. The purposes of this Stock Incentive Plan are to
attract and retain the best available personnel, to provide additional incentive
to Employees, Directors and Consultants and to promote the success of the
Company's business.

     2. Definitions. As used herein, the following definitions shall apply:

          (a) "Administrator" means the Board or the Committee.

          (b) "Applicable Laws" means the legal requirements relating to the
     administration of stock incentive plans, if any, under applicable
     provisions of federal securities laws, state corporate and securities laws,
     the Code, the rules of any applicable stock exchange or national market
     system, and the rules of any foreign jurisdiction applicable to Awards
     granted to residents therein.

          (c) "Award" means the grant of an Option or other right or benefit
     under the Plan.

          (d) "Award Agreement" means the written agreement evidencing the grant
     of an Award executed by the Company and the Grantee, a form of which is
     attached hereto, including any amendments thereto.

          (e) "Board" means the Board of Directors of the Company.

          (f) "Cause" has the meaning as defined in the Award Agreement.

          (g) "Code" means the United States Internal Revenue Code of 1986, as
     amended.

          (h) "Committee" means any committee appointed by the Board to
     administer the Plan.

          (i) "Company" means LDK Solar Co., Ltd., an exempted company
     incorporated and existing under the laws of the Cayman Islands.

          (j) "Consultant" means any person (other than an Employee or a
     Director, solely with respect to rendering services in such person's
     capacity as a Director) who is engaged by the Company or any Related Entity
     to render consulting or advisory services to the Company or such Related
     Entity or whom the Board determines has made contributions to the business
     or other development of the Company.

          (k) "Continuous Service" means that the provision of services to the
     Company or a Related Entity in any capacity of Employee, Director or
     Consultant is not interrupted or terminated. Continuous Service shall not
     be considered interrupted in the case of (i) any approved leave of absence,
     (ii) transfers among the Company, any Related Entity, or any successor, in
     any capacity of Employee, Director or

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     Consultant, or (iii) any change in status as long as the individual remains
     in the service of the Company or a Related Entity in any capacity of
     Employee, Director or Consultant (except as otherwise provided in the Award
     Agreement). An approved leave of absence shall include sick leave, military
     leave, or any other authorized personal leave. For purposes of Incentive
     Stock Options, no such leave may exceed ninety (90) days unless
     reemployment upon expiration of such leave is guaranteed by statute or
     contract.

          (l) "Corporate Transaction" has the meaning as defined in the Award
     Agreement.

          (m) "Director" means a member of the Board or the board of directors
     of any Related Entity.

          (n) "Disability" has the meaning as defined in the Award Agreement.

          (o) "Employee" means any person, including an Officer or Director, who
     is an employee of the Company or any Related Entity. The payment of an
     independent director's fee by the Company or a Related Entity shall not be
     sufficient to constitute "employment" by the Company.

          (p) "Exchange Act" means the United States Securities Exchange Act of
     1934, as amended.

          (q) "Fair Market Value" means, as of any date, the value of Ordinary
     Shares as follows:

               (i) Where there exists a public market for the Ordinary Shares,
          the Fair Market Value shall be (A) the closing price for a Share for
          the last market trading day prior to the time of the determination
          (or, if no closing price was reported on that date, on the last
          trading date on which a closing price was reported) on the stock
          exchange determined by the Administrator to be the primary market for
          the Ordinary Shares or the Nasdaq National Market, whichever is
          applicable or (B) if the Ordinary Shares are not traded on any such
          exchange or national market system, the average of the closing bid and
          asked prices of a Share on the Nasdaq Small Cap Market for the day
          prior to the time of the determination (or, if no such prices were
          reported on that date, on the last date on which such prices were
          reported), in each case, as reported in The Wall Street Journal or
          such other source as the Administrator deems reliable; or

               (ii) In the absence of an established market for the Ordinary
          Shares of the type described in (i), above, the Fair Market Value
          thereof shall be determined by the Administrator in good faith by
          reference to the placing price of the latest private placement of the
          Shares and the development of the Company's business operations since
          such latest private placement; provided that, with respect to any
          Grantee subject to Section 409A of the Code, Fair Market Value shall
          be determined in a manner consistent with the requirements of such
          Section;

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<PAGE>

     provided, however, that such value of Ordinary Shares, for purposes of this
     Plan, shall not be lower than US$4.43 per Share with adjustments permitted
     for recapitalization, share split or combination and share dividends
     occurring subsequent to the date of this Plan.

          (r) "Grantee" means an Employee, Director or Consultant who receives
     an Award under the Plan.

          (s) "Immediate Family" means any child, stepchild, grandchild, parent,
     stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
     mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law,
     or sister-in-law, including adoptive relationships, any person sharing the
     Grantee's household (other than a tenant or employee), a trust in which
     these persons (or the Grantee) have more than fifty percent (50%) of the
     beneficial interest, a foundation in which these persons (or the Grantee)
     control the management of assets, and any other entity in which these
     persons (or the Grantee) own more than fifty percent (50%) of the voting
     interests.

          (t) "Incentive Stock Option" means an Option intended to qualify as an
     incentive stock option within the meaning of Section 422 of the Code.

          (u) "Non-Qualified Stock Option" means an Option not intended to
     qualify as an Incentive Stock Option and Other Stock Option.

          (v) "Officer" means a person who is an officer of the Company or a
     Related Entity within the meaning of Section 16 of the Exchange Act and the
     rules and regulations promulgated thereunder.

          (w) "Option" means an option to purchase Shares pursuant to an Award
     Agreement granted under the Plan.

          (x) "Ordinary Share" means an ordinary share, US$0.10 par value, of
     the Company, or the number or fraction of American Depositary Shares
     representing such ordinary share.

          (y) "Other Stock Option "means an Option not intended to qualify as
     either an Incentive Stock Option or a Non-Qualified Option.

          (z) "Parent" means a "parent corporation", whether now or hereafter
     existing, as defined in Section 424(e) of the Code.

          (aa) "Plan" means this 2006 Stock Incentive Plan.

          (bb) "Registration Date" means the first to occur of (i) the closing
     of the first sale to the general public of (A) Ordinary Shares or (B) the
     same class of securities of a successor corporation (or its Parent) issued
     pursuant to a Corporate Transaction in exchange for or in substitution of
     the Ordinary Shares, pursuant to a registration statement filed with and
     declared effective by the SEC under the Securities Act; and (ii) in the
     event of a Corporate Transaction, the date of the

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<PAGE>

     consummation of the Corporate Transaction if the same class of securities
     of the successor corporation (or its Parent) issuable in such Corporate
     Transaction shall have been sold to the general public pursuant to a
     registration statement filed with and declared effective by the SEC under
     the Securities Act, on or prior to the date of consummation of such
     Corporate Transaction.

          (cc) "Related Entity" means any Parent, Subsidiary and any business,
     corporation, partnership, limited liability company or other entity in
     which the Company, a Parent or a Subsidiary holds a substantial ownership
     interest, directly or indirectly.

          (dd) "SEC" means the United States Securities and Exchange Commission.

          (ee) "Securities Act" means the United States Securities Act of 1933,
     as amended.

          (ff) "Share" means an Ordinary Share.

          (gg) "Subsidiary" means a "subsidiary corporation", whether now or
     hereafter existing, as defined in Section 424(f) of the Code.

     3. Stock Subject to the Plan.

          (a) Subject to the provisions of Section 10 below, the maximum
     aggregate number of Shares which may be issued pursuant to all Awards
     (including Incentive Stock Options) is up to ten percent (10%) of the
     aggregate number of Shares issued and outstanding from time to time and
     Shares issuable upon conversion of any preferred shares of the Company
     issued and outstanding from time to time.

          (b) Any Shares covered by an Award (or portion of an Award) which is
     forfeited or cancelled, expires or is settled in cash, shall be deemed not
     to have been issued for purposes of determining the maximum aggregate
     number of Shares which may be issued under the Plan. If any unissued Shares
     are retained by the Company upon exercise of an Award in order to satisfy
     the exercise price for such Award or any withholding taxes due with respect
     to such Award, such retained Shares subject to such Award shall become
     available for future issuance under the Plan (unless the Plan has
     terminated). Shares that actually have been issued under the Plan pursuant
     to an Award shall not be returned to the Plan and shall not become
     available for future issuance under the Plan.

     4. Administration of the Plan.

          (a) Plan Administrator. With respect to grants of Awards to Employees,
     Directors, or Consultants, the Plan shall be administered by (A) the Board
     or (B) the Committee (or a subcommittee of the Committee designated by the
     Board), which Committee shall be constituted in such a manner as to satisfy
     Applicable Laws. Once appointed, such Committee shall continue to serve in
     its designated capacity until otherwise directed by the Board.

                                        4

<PAGE>

          (b) Powers of the Administrator. Subject to Applicable Laws and the
     provisions of the Plan (including any other powers given to the
     Administrator hereunder) and except as otherwise provided by the Board, the
     Administrator shall have the authority, in its discretion:

               (i) to select the Employees, Directors and Consultants to whom
          Awards may be granted from time to time hereunder;

               (ii) to determine whether and to what extent Awards are granted
          hereunder;

               (iii) to determine the number of Shares or the amount of
          consideration to be covered by each Award granted hereunder;

               (iv) to approve forms of Award Agreements for use under the Plan;

               (v) to determine the terms and conditions of any Award granted
          hereunder;

               (vi) to establish additional terms, conditions, rules or
          procedures to accommodate the rules or laws of applicable foreign
          jurisdictions and to afford Grantees favorable treatment under such
          rules or laws; provided, however, that no Award shall be granted under
          any such additional terms, conditions, rules or procedures with terms
          or conditions which are inconsistent with the provisions of the Plan;

               (vii) to construe and interpret the terms of the Plan and Awards,
          including without limitation, any notice of award or Award Agreement,
          granted pursuant to the Plan; and

               (ix) to take such other action, not inconsistent with the terms
          of the Plan, as the Administrator deems appropriate.

     5. Eligibility. Awards other than Incentive Stock Options may be granted to
Employees, Directors and Consultants. Incentive Stock Options may be granted
only to Employees of the Company, a Parent or a Subsidiary. An Employee,
Director or Consultant who has been granted an Award may, if otherwise eligible,
be granted additional Awards. Awards may be granted to such Employees, Directors
or Consultants who are residing in foreign jurisdictions as the Administrator
may determine from time to time.

     6. Terms and Conditions of Awards.

          (a) Type of Awards. The Administrator is authorized under the Plan to
     award any type of arrangement to an Employee, Director or Consultant that
     is not inconsistent with the provisions of the Plan and that by its terms
     involves or might involve the issuance of (i) Shares, (ii) an Option, or
     similar right with a fixed or variable price related to the Fair Market
     Value of the Shares and with an exercise or conversion privilege related to
     the passage of time, the occurrence of one or more events, or the
     satisfaction of performance criteria or other conditions, or (iii) any
     other

                                        5

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     security with the value derived from the value of the Shares. Such Awards
     include, without limitation, Options, and an Award may consist of one such
     security or benefit or two (2) or more of them in any combination or
     alternative.

          (b) Designation of Award. Each Award shall be designated in the Award
     Agreement. In the case of an Option, the Option shall be designated as
     either an Incentive Stock Option or a Non-Qualified Stock Option or an
     Other Stock Option. However, notwithstanding such designation, to the
     extent that the aggregate Fair Market Value of Shares subject to Options
     designated as Incentive Stock Options which become exercisable for the
     first time by a Grantee during any calendar year (under all plans of the
     Company or any Parent or Subsidiary) exceeds US$100,000, such excess
     Options, to the extent of the Shares covered thereby in excess of the
     foregoing limitation, shall be treated as Non-Qualified Stock Options. For
     this purpose, Incentive Stock Options shall be taken into account in the
     order in which they were granted, and the Fair Market Value of the Shares
     shall be determined as of the grant date of the relevant Option.

          (c) Conditions of Award. Subject to the terms of the Plan, the
     Administrator shall determine the provisions, terms, and conditions of each
     Award including, but not limited to, the Award vesting schedule, repurchase
     provisions, rights of first refusal, forfeiture provisions, form of payment
     (cash, Shares, or other consideration) upon settlement of the Award,
     payment contingencies, and satisfaction of any performance criteria. The
     performance criteria established by the Administrator may be based on any
     one of, or combination of, increase in share price, earnings per share,
     total shareholder return, return on equity, return on assets, return on
     investment, net operating income, cash flow, revenue, economic value added,
     personal management objectives, or other measure of performance selected by
     the Administrator. Partial achievement of the specified criteria may result
     in a payment or vesting corresponding to the degree of achievement as
     specified in the Award Agreement.

          (d) Acquisitions and Other Transactions. The Administrator may issue
     Awards under the Plan in settlement, assumption or substitution for,
     outstanding Awards or obligations to grant future Awards in connection with
     the Company or a Related Entity acquiring another entity, an interest in
     another entity or an additional interest in a Related Entity whether by
     merger, stock purchase, asset purchase or other form of transaction.

          (e) Deferral of Award Payment. The Administrator may establish one or
     more programs under the Plan to permit selected Grantees the opportunity to
     elect to defer receipt of consideration upon exercise of an Award,
     satisfaction of performance criteria, or other event that absent the
     election would entitle the Grantee to payment or receipt of Shares or other
     consideration under an Award. The Administrator may establish the election
     procedures, the timing of such elections, the mechanisms for payments of,
     and accrual of interest or other earnings, if any, on amounts, Shares or
     other consideration so deferred, and such other terms, conditions, rules
     and procedures that the Administrator deems advisable for the
     administration of any such deferral program.

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<PAGE>

          (f) Award Exchange Programs. The Administrator may establish one or
     more programs under the Plan to permit selected Grantees to exchange an
     Award under the Plan for one or more other types of Awards under the Plan
     on such terms and conditions as determined by the Administrator from time
     to time.

          (g) Separate Programs. The Administrator may establish one or more
     separate programs under the Plan for the purpose of issuing particular
     forms of Awards to one or more classes of Grantees on such terms and
     conditions as determined by the Administrator from time to time.

          (h) Early Exercise. Any Award granted hereunder shall have a vesting
     period of no less than three (3) years with one-third of the options under
     any Award to vest at each anniversary of the date of grant of such Award;
     provided, however, that any Award granted to a Consultant may vest upon
     such grant or be subject to a different vesting schedule if so decided by
     the Board and set forth in the Award Agreement with, and the relevant Award
     notice to, such Consultant. The Award Agreement may, but need not, include
     a provision whereby the Grantee may elect, at any time while being an
     Employee, Director or Consultant, to exercise any part or all of the Award
     prior to full vesting of the Award. Any unvested Shares received pursuant
     to such exercise may be subject to a repurchase right in favor of the
     Company or a Related Entity or to any other restriction the Administrator
     determines to be appropriate.

          (i) Term of Award. The term of each Award shall be the term stated in
     the Award Agreement. However, in the case of an Incentive Stock Option
     granted to a Grantee who, at the time the Option is granted, owns stocks
     representing more than ten percent (10%) of the voting power of all classes
     of the stocks of the Company or any Parent or Subsidiary, the term of the
     Incentive Stock Option shall be five (5) years from the date of grant
     thereof or such shorter term as may be provided in the Award Agreement.

          (j) Transferability of Awards. Incentive Stock Options may not be
     sold, pledged, assigned, hypothecated, transferred, or disposed of in any
     manner other than by will or by the laws of descent or distribution and may
     be exercised, during the lifetime of the Grantee, only by the Grantee;
     provided, however, that the Grantee may designate a beneficiary of the
     Grantee's Incentive Stock Option in the event of the Grantee's death on a
     beneficiary designation form provided by the Administrator. Other Awards
     shall be transferred by will and by the laws of descent and distribution,
     and during the lifetime of the Grantee, by gift and/or pursuant to a
     domestic relations order to members of the Grantee's Immediate Family to
     the extent and in the manner determined by the Administrator.

          (k) Time of Granting Awards. The date of grant of an Award shall for
     all purposes be the date on which the Administrator makes the determination
     to grant such Award, or such other date as is determined by the
     Administrator. Notice of the grant determination shall be given to each
     Employee, Director or Consultant to whom an Award is so granted within a
     reasonable time after the date of such grant.

     7. Award Exercise or Purchase Price, Consideration and Taxes.

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<PAGE>

          (a) Exercise or Purchase Price. The exercise or purchase price, if
     any, for an Award shall be as follows:

          (i)  In the case of an Incentive Stock Option:

               (A) granted to an Employee who, at the time of the grant of such
               Incentive Stock Option owns stocks representing more than ten
               percent (10%) of the voting power of all classes of stocks of the
               Company or any Parent or Subsidiary, the per Share exercise price
               shall be not less than one hundred ten percent (110%) of the Fair
               Market Value per Share on the date of grant; or

               (B) granted to any Employee other than an Employee described in
               the preceding paragraph, the per Share exercise price shall be
               not less than one hundred percent (100%) of the Fair Market Value
               per Share on the date of grant.

          (ii) In the case of a Non-Qualified Stock Option, the per Share
               exercise price shall be not less than one hundred percent (100%)
               of the Fair Market Value per Share on the date of grant unless
               otherwise determined by the Administrator; provided, however,
               that such per Share exercise price shall be one hundred percent
               (100%) with respect to any Grantee subject to Section 409A of the
               Code.

          (iii) In the case of an Other Stock Option, the per Share exercise
               price shall be not less than one hundred percent (100%) of the
               Fair Market Value per Share on the date of grant unless otherwise
               determined by the Administrator.

          (iv) Notwithstanding the foregoing provisions of this Section 7(a), in
               the case of an Award issued pursuant to Section 6(d) above, the
               exercise or purchase price for the Award shall be determined in
               accordance with the principles of Section 424(a) of the Code or
               other Applicable Law.

          (v)  Notwithstanding the foregoing provisions of this Section 7(a), if
               the exercise price determined pursuant to the foregoing shall
               fall below the par value of the Shares, the exercise price shall
               be the par value of the Shares.

          (b) Consideration. Subject to Applicable Laws, the consideration to be
     paid for the Shares to be issued upon exercise or purchase of an Award,
     including the method of payment, shall be determined by the Administrator
     (and, in the case of an Incentive Stock Option, shall be determined at the
     time of grant). In addition to any other types of consideration the
     Administrator may determine, the Administrator is authorized to accept as
     consideration for Shares issued under the Plan the following:

               (i) cash or check in U.S. dollars (in connection therewith the
          Administrator may require the Grantee to provide evidence that the
          funds were

                                        8

<PAGE>

          taken out of the People's Republic of China in accordance with
          applicable foreign exchange control laws and regulations);

               (ii) cash or check in Hong Kong dollars (in an amount converted
          from U.S. dollars at the rate announced by banks in Hong Kong on the
          date the Notice of Exercise is received by the Company);

               (iii) cancellation of indebtedness owed by the Company to the
          Grantee; or

               (iv) any combination of the foregoing methods of payment.

          (c) Taxes.

               (i) As a condition of the exercise of an Award under the Plan,
          the Grantee (or in the case of the Grantee's death, the person
          exercising the Award) shall make such arrangements as the
          Administrator may require or permit for the satisfaction of any
          applicable federal, state, local or foreign withholding tax
          obligations that may arise in connection with the exercise of an Award
          and the issuance of Shares. The Company shall not be required to issue
          any Shares under the Plan until such obligations are satisfied.

               (ii) In the case of an Employee and in the absence of any other
          arrangement, the Employee shall be deemed to have directed the Company
          to withhold or collect from his or her compensation an amount
          sufficient to satisfy such tax obligations from the next payroll
          payment otherwise payable after the date of an exercise of the Award.

               (iii) In the case of a Grantee other than an Employee (or in the
          case of an Employee where the next payroll payment is not sufficient
          to satisfy such tax obligations, with respect to any remaining tax
          obligations), upon and after the Registration Date, in the absence of
          any other arrangement and to the extent permitted under the Applicable
          Laws, such Grantee shall be deemed to have elected to have the Company
          withhold from the issue of the Shares to be issued upon exercise of
          the Award that number of Shares having a Fair Market Value determined
          as of the applicable Tax Date (as defined below) equal to the amount
          required to be withheld. For purposes of this Section 7, the Fair
          Market Value of the Shares to be withheld shall be determined on the
          date that the amount of tax to be withheld is to be determined under
          the Applicable Laws (the "Tax Date").

               (iv) At the discretion of the Administrator, a Grantee may
          satisfy his or her tax withholding obligations arising in connection
          with an Award by one or some combination of the following methods: (A)
          by cash payment; (B) by payroll deduction out of Grantee's current
          compensation; (C) if permitted by the Administrator, in its
          discretion, a Grantee may satisfy his or her tax withholding
          obligations upon exercise of an Award by surrendering to the Company
          Shares that (1) in the case of Shares previously acquired from the
          Company, have been owned by the Grantee for more than six (6) months
          on

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<PAGE>

          the date of surrender, and (2) have a Fair Market Value determined as
          of the applicable Tax Date equal to the amount required to be
          withheld; or (D) if permitted by the Administrator, in its discretion,
          a Grantee may satisfy his or her tax withholding obligations by
          electing to have the Company withhold from the issue of Shares to be
          issued upon exercise of the Award that number of Shares having a Fair
          Market Value determined as of the applicable Tax Date equal to the
          mount required to be withheld.

               (v) Any election or deemed election by a Grantee to have Shares
          withheld to satisfy tax withholding obligations under this Section
          7(c)(iii) or (iv) above shall be irrevocable as to the particular
          Shares as to which the election is made or deemed made and shall be
          subject to the consent or disapproval of the Administrator. Any
          election by a Grantee under Section 7(c)(iv) above must be made on or
          prior to the applicable Tax Date.

               (vi) In the event that an election to have the issue of Shares
          withheld is made by a Grantee and the Tax Date is deferred under
          Section 83 of the Code because no election is filed under Section
          83(b) of the Code, the Grantee shall receive the full number of Shares
          with respect to which the Award or Option is exercised but such
          Grantee shall be unconditionally obligated to tender back to the
          Company the proper number of Shares on the Tax Date.

     8. Exercise of Award.

          (a) Procedure for Exercise; Rights as a Shareholder.

               (i) Any Award granted hereunder shall be exercisable at such
          times and under such conditions as determined by the Administrator
          under the terms of the Plan and specified in the Award Agreement, but
          in the case of an Option, in no case at a rate of more than one third
          (1/3) per year over the vesting period from the date the Option is
          granted. Notwithstanding the foregoing, in the case of any Award
          granted to an Officer, Director or Consultant, the Award Agreement may
          provide that the Award may become exercisable, subject to reasonable
          conditions such as such Officer's, Director's or Consultant's
          Continuous Service, at any time or during any period established in
          the Award Agreement.

               (ii) An Award shall be deemed to be exercised when written notice
          of such exercise has been given to the Company in accordance with the
          terms of the Award by the person entitled to exercise the Award and
          full payment for the Shares is made with respect to which the Award is
          exercised. Until the issuance (as evidenced by the appropriate entry
          on the books of the Company or of a duly authorized transfer agent of
          the Company) of the stock certificate evidencing such Shares, no right
          to vote or receive dividends or any other rights as a shareholder
          shall exist with respect to Shares subject to an Award,
          notwithstanding the exercise of an Option or other Award. The Company
          shall issue (or cause to be issued) such stock certificate promptly
          upon exercise of an Award. No adjustment will be made for a dividend
          or other

                                       10

<PAGE>

          right for which the record date is prior to the date the stock
          certificate is issued, except as provided in the Award Agreement or
          Section 10 below.

          (b) Exercise of Award Following Termination of Continuous Service.

               (i) An Award may not be exercised after the termination date of
          such Award set forth in the Award Agreement and may be exercised
          following the termination of a Grantee's Continuous Service only to
          the extent such Grantee's Continuous Service was terminated without
          Cause, in which case, the Grantee shall be entitled to exercise any
          outstanding Awards within three (3) months of the date of such
          termination or such shorter period as may be designated in the Award
          Agreement. In the event of termination of the Grantee's Continuous
          Service for Cause, the Grantee's right to exercise the Option shall,
          except as otherwise determined by the Administrator, terminate
          concurrently with the termination of the Grantee's Continuous Service.
          In no event shall the Option be exercised later than the Expiration
          Date set forth in the Notice of Stock Option Award.

               (ii) Any Award designated as an Incentive Stock Option to the
          extent not exercised within the time permitted by Applicable Laws for
          the exercise of Incentive Stock Options following the termination of a
          Grantee's Continuous Service without cause shall convert automatically
          to a Non-Qualified Stock Option and thereafter shall be exercisable as
          such for a period as set forth under Section 8(b)(i) above.

          (c) "Easy Sale" Exercise. In lieu of the payment methods set forth
     herein, when permitted by law and applicable regulations (including Nasdaq
     and NASD rules), the Grantee may pay the Exercise Price through a "same day
     sale" commitment from the Grantee (and if applicable a broker-dealer that
     is a member of the National Association of Securities Dealers Inc. (a "NASD
     Dealer")), whereby the Grantee irrevocably elects to exercise his/her
     Options and to sell at least that number of Shares so purchased to pay the
     Exercise Price (and up to all of the Shares so purchased) and the Grantee
     (or, if applicable, the NASD Dealer) commits upon sale (or, in the case of
     the NASD Dealer, upon receipt) of such Shares to forward the Exercise Price
     directly to the Company, with any sale proceeds in excess of the Exercise
     Price being for the benefit of the Grantee.

     9. Conditions Upon Issuance of Shares.

          (a) Shares shall not be issued pursuant to the exercise of an Award
     unless the exercise of such Award and the issuance and delivery of such
     Shares pursuant thereto shall comply with all Applicable Laws, and shall be
     further subject to the approval of counsel for the Company with respect to
     such compliance.

          (b) As a condition to the exercise of an Award, the Company may
     require the person exercising such Award to represent and warrant at the
     time of any such exercise that the Shares are being purchased only for
     investment and without any

                                       11

<PAGE>

     present intention to sell or distribute such Shares if, in the opinion of
     counsel for the Company, such a representation or warranty is required by
     any Applicable Laws.

     10. Adjustments Upon Changes in Capitalization. Subject to any required
action by the shareholders of the Company, the number of Shares covered by each
outstanding Award, and the number of Shares which have been authorized for
issuance under the Plan but as to which no Awards have yet been granted or which
have been returned to the Plan, the exercise or purchase price of each such
outstanding Award, as well as any other terms that the Administrator determines
require adjustment shall be proportionately adjusted for (i) any increase or
decrease in the number of issued Shares resulting from a stock split, reverse
stock split, stock dividend, combination or reclassification of the Shares, or
similar transaction affecting the Shares, (ii) any other increase or decrease in
the number of issued Shares effected without receipt of consideration by the
Company, or (iii) as the Administrator may determine in its discretion, any
other transaction with respect to Shares to which Section 424(a) of the Code
applies or a similar transaction; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration". Such adjustment shall be made by the
Administrator and its determination shall be final, binding and conclusive.
Except as the Administrator determines, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason hereof shall be made with respect to,
the number or price of Shares subject to an Award.

     11. Effective Date and Term of Plan. The Plan shall become effective upon
the earlier to occur of its adoption by the Board or its approval by the
shareholders of the Company. It shall continue in effect for a term of ten (10)
years unless sooner terminated. Subject to Section 16 below and Applicable Laws,
Awards may be granted under the Plan upon its becoming effective.

     12. Amendment, Suspension or Termination of the Plan.

          (a) The Board may at any time amend, suspend or terminate the Plan. To
     the extent necessary to comply with Applicable Laws, the Company shall
     obtain shareholder approval of any Plan amendment in such a manner and to
     such a degree as required.

          (b) No Award may be granted during any suspension of the Plan or after
     termination of the Plan.

          (c) Any amendment, suspension or termination of the Plan (including
     termination of the Plan under Section 12(a) above) shall not affect Awards
     already granted, and such Awards shall remain in full force and effect as
     if the Plan had not been amended, suspended or terminated unless mutually
     agreed otherwise between the Grantee and the Administrator, which agreement
     must be in writing and signed by the Grantee and the Company.

     13. Reservation of Shares.

                                       12

<PAGE>

          (a) The Company, during the term of the Plan, will at all times
     reserve and keep available such number of authorized but unissued Shares as
     shall be sufficient to satisfy the requirements of the Plan.

          (b) The inability of the Company to obtain authority from any
     regulatory body having jurisdiction, which authority is deemed by the
     Company's counsel to be necessary to the lawful issuance and sale of any
     Shares hereunder, shall relieve the Company of any liability in respect of
     the failure to issue or sell such Shares as to which such requisite
     authority shall not have been obtained.

     14. No Effect on Terms of Employment/Consulting Relationship. The Plan
shall not confer upon any Grantee any right with respect to the Grantee's
Continuous Service, nor shall it interfere in any way with his or her right or
the Company's right to terminate the Grantee's Continuous Service at any time,
with or without cause.

     15. No Effect on Retirement and Other Benefit Plans. Except as specifically
provided in a retirement or other benefit plan of the Company or a Related
Entity, Awards shall not be deemed compensation for purposes of computing
benefits or contributions under any retirement plan of the Company or a Related
Entity, and shall not affect any benefits under any other benefit plan of any
kind or any benefit plan subsequently instituted under which the availability or
amount of benefits is related to level of compensation. The Plan is not a
"Retirement Plan" or "Welfare Plan" under the Employee Retirement Income
Security Act of 1974, as amended.

     16. Shareholder Approval. The grant of Incentive Stock Options under the
Plan shall be subject to approval by the shareholders of the Company within
twelve (12) months before or after the date the Plan is adopted excluding
Incentive Stock Options issued in substitution for outstanding Incentive Stock
Options pursuant to Section 424(a) of the Code. Such shareholder approval shall
be obtained in the degree and manner required under Applicable Laws. The
Administrator may grant Incentive Stock Options under the Plan prior to approval
by the shareholders, but until such approval is obtained, no such Incentive
Stock Option shall be exercisable. In the event that shareholder approval is not
obtained within the twelve (12) month period provided above, all Incentive Stock
Options previously granted under the Plan shall be exercisable as Non-Qualified
Stock Options.

                                       13

<PAGE>

                               LDK SOLAR CO., LTD.

                            2006 STOCK INCENTIVE PLAN

                          NOTICE OF STOCK OPTION AWARD

     Grantee's Name and Address:         _____________________________

                                         _____________________________

                                         _____________________________

     You have been granted an option to purchase the ordinary shares of LDK
Solar Co., Ltd. (the "Company"), subject to the terms and conditions of this
Notice of Stock Option Award (the "Notice"), LDK Solar Co., Ltd. 2006 Stock
Incentive Plan, as amended from time to time (the "Plan") and the Stock Option
Award Agreement (the "Award Agreement") attached hereto, as follows. Unless
otherwise defined herein, the terms used in this Notice shall have the same
defined meanings in the Plan.

     Award Number                        _____________________________

     Date of Award                       ____________________

     Date of Employment                  ____________________

     Vesting Commencement Date           One year from the Date of Award

     Exercise Price per Share            US$[__________]

     Total Number of Shares subject
     to the Option                       [___________________]

     Total Exercise Price                ____________________

     Type of Option:                     __________ Incentive Stock Option

                                         __________ Non-Qualified Stock Option

                                         __________ Other Stock Option

     Expiration Date:                    ____________________

     Post-Termination Exercise Period:   ____________________

                                       14

<PAGE>

Vesting Schedule:

     Subject to the Grantee's Continuous Service and other limitations set forth
in this Notice, the Plan and the Award Agreement, the Option may be exercised,
in whole or in part, in accordance with the following schedule:

          -    One third (1/3) to be vested on the Vesting Commencement Date.

          -    One third (1/3) to be vested on the first anniversary of the
               Vesting Commencement Date.

          -    One third (1/3) to be vested on the second anniversary of the
               Vesting Commencement Date.

     During any authorized leave of absence, the vesting of the Option as
provided in this schedule shall cease. Vesting of the Option shall resume upon
the Grantee's termination of the leave of absence and return to service to the
Company or a Related Entity.

     If the Grantee has entered into any stock divesting agreement or
arrangement with the Company, the Grantee's right to exercise the Option shall
be subject to the terms and conditions of such stock divesting agreement or
arrangement to the extent applicable.

     In the event of termination of the Grantee's Continuous Service for Cause,
the Grantee's right to exercise the Option shall terminate concurrently with the
termination of the Grantee's Continuous Service.

     IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice
and agree that the Option is to be governed by the terms and conditions of this
Notice, the Plan, and the Award Agreement.

                                        LDK SOLAR CO., LTD.

                                        By:
                                            ------------------------------------
                                        Title:
                                               ---------------------------------

THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE OPTION SHARES SHALL VEST, IF AT
ALL, ONLY DURING THE PERIOD OF THE GRANTEE'S CONTINUOUS SERVICE (NOT THROUGH THE
ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). THE
GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE AWARD
AGREEMENT, OR THE PLAN SHALL CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO
FUTURE AWARDS OR CONTINUATION OF GRANTEE'S CONTINUOUS SERVICE, NOR SHALL IT
INTERFERE IN ANY WAY WITH THE GRANTEE'S RIGHT OR THE RIGHT OF THE GRANTEE'S
EMPLOYER TO TERMINATE GRANTEE'S CONTINUOUS SERVICE, WITH OR WITHOUT CAUSE.

     The Grantee acknowledges receipt of a copy of the Plan and the Award
Agreement, and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts the Option subject to all of the terms
and provisions hereof and thereof. The Grantee

                                       15

<PAGE>

has reviewed this Notice, the Plan, and the Award Agreement in their entirety,
has had an opportunity to obtain the advice of counsel prior to executing this
Notice, and fully understands all provisions of this Notice, the Plan and the
Award Agreement. The Grantee hereby agrees that all disputes arising out of or
relating to this Notice, the Plan and the Award Agreement shall be resolved in
accordance with Section 15 of the Award Agreement. The Grantee further agrees to
notify the Company upon any change in the residence address indicated in this
Notice.

Dated:                                  Signed:
       ------------------------------           --------------------------------
                                                Grantee

                                       16
<PAGE>

                                                     AWARD NUMBER: _____________

                               LDK SOLAR CO., LTD.
                            2006 STOCK INCENTIVE PLAN

                          STOCK OPTION AWARD AGREEMENT

     1. Grant of Option. LDK Solar Co., Ltd., a Cayman Islands company (the
"Company"), hereby grants to the Grantee (the "Grantee") named in the Notice of
Stock Option Award (the "Notice"), an option (the "Option") to purchase the
Total Number of Ordinary Shares subject to the Option (the "Shares") set forth
in the Notice, at the Exercise Price per Share set forth in the Notice (the
"Exercise Price") and subject to the terms and provisions of the Notice, this
Stock Option Award Agreement (the "Option Agreement") and the Company's 2006
Stock Incentive Plan, as amended from time to time (the "Plan"), which are
incorporated herein by reference.

     If designated in the Notice as an Incentive Stock Option, the Option is
intended to qualify as an Incentive Stock Option as defined in Section 422 of
the Code. However, notwithstanding such designation, to the extent that the
aggregate Fair Market Value of Shares subject to Options designated as Incentive
Stock Options which become exercisable for the first time by the Grantee during
any calendar year (under all plans of the Company or any Parent or Subsidiary)
exceeds US$100,000, such excess Options, to the extent of the Shares covered
thereby in excess of the foregoing limitation, shall be treated as Non-Qualified
Stock Options. For this purpose, Incentive Stock Options shall be taken into
account in the order in which they were granted, and the Fair Market Value of
the Shares shall be determined as of the date the Option with respect to such
Shares is awarded.

     Unless otherwise defined herein, the terms used in this Option Agreement
shall have the same defined meanings in the Plan, but the following terms are
used herein as defined below:

          (a) "Cause" means, with respect to the termination by the Company or a
     Related Entity of the Grantee's Continuous Service, that such termination
     is for "Cause" as such term is expressly defined in a then-effective
     written agreement between the Grantee and the Company or such Related
     Entity, or in the absence of such then-effective written agreement and
     definition, is based on, in the determination of the Administrator, the
     Grantee's: (i) refusal or failure to act in accordance with any specific,
     lawful direction or order of the Company or a Related Entity; (ii)
     unfitness or unavailability for service or unsatisfactory performance
     (other than as a result of Disability); (iii) performance of any act or
     failure to perform any act in bad faith to the detriment of the Company or
     a Related Entity; (iv) gross negligence, dishonesty, intentional misconduct
     or material breach of any agreement with the Company or a Related Entity;
     or (v) commission of a crime involving dishonesty, breach of trust, or
     physical or emotional harm to any person. At least 30 days prior to the
     termination of the Grantee's Continuous Service pursuant to (i) or (ii)
     above, the Company shall provide the Grantee with notice of the Company's
     or such Related Entity's intent to terminate, the reason therefor, and an
     opportunity for the Grantee to cure such defects in his or her service to
     the Company's or such Related Entity's satisfaction. During

                                       17

<PAGE>

     this 30 day (or longer) period, no Award issued to the Grantee under the
     Plan may be exercised or purchased.

          (b) "Corporate Transaction" means any of the following transactions to
     which the Company is a party:

               (i) a merger or consolidation in which the Company is not the
          surviving entity except for a transaction the principal purpose of
          which is to change the jurisdiction in which the Company is
          incorporated;

               (ii) the sale, transfer or other disposition of all or
          substantially all of the assets of the Company (including the capital
          stock of the Company's subsidiary corporations) in connection with the
          complete liquidation or dissolution of the Company;

               (iii) any reverse merger in which the Company is the surviving
          entity but in which securities possessing more than fifty percent
          (50%) of the total combined voting power of the Company's outstanding
          securities are transferred to a person or persons different from those
          who held such securities immediately prior to such merger; or

               (iv) acquisition by any person or related group of persons (other
          than the Company or a Company-sponsored employee benefit plan) of
          beneficial ownership (within the meaning of Rule 13d-3 of the Exchange
          Act) of securities possessing more than fifty percent (50%) of the
          total combined voting power of the Company's outstanding securities,
          but excluding any such transaction that the Administrator determines
          shall not be a Corporate Transaction.

          (c) "Disability" means that the Grantee is permanently unable to carry
     out the responsibilities and functions of the position held by the Grantee
     by reason of any medically determinable physical or mental impairment. A
     Grantee will not be considered to have incurred a Disability unless he or
     she furnishes proof of such impairment sufficient to satisfy the
     Administrator in its discretion.

     2. Exercise of Option.

          (a) Right to Exercise. The Option shall be exercisable during its term
     in accordance with the Vesting Schedule set out in the Notice and with the
     applicable provisions of the Plan and this Option Agreement. The Option
     shall be subject to the provisions of Section 10 of the Plan relating to
     the exercisability or termination of the Option in the event of a change in
     capitalization. If the Grantee has entered into any stock divesting
     agreement or arrangement with the Company, the Grantee's right to exercise
     the Option shall be subject to the terms and conditions of such stock
     divesting agreement or arrangement to the extent applicable. In no event
     shall the Company issue fractional Shares.

          (b) Method of Exercise. The Option shall be exercisable only by
     delivery of an Exercise Notice (attached hereto as Exhibit A) which,
     subject to the Vesting

                                       18

<PAGE>

     Schedule in the Notice, shall state the election to exercise the Option,
     the whole number of Shares in respect of which the Option is being
     exercised, such other representations and agreements as to the holder's
     investment intent with respect to such Shares and such other provisions as
     may be required by the Administrator. The Exercise Notice shall be signed
     by the Grantee and shall be delivered in person, by certified mail, or by
     such other method as determined from time to time by the Administrator, to
     the Company accompanied by payment of the Exercise Price. The Option shall
     be deemed exercised upon receipt by the Company of such Exercise Notice
     accompanied by the Exercise Price.

          (c) Taxes. No Shares will be delivered to the Grantee or other person
     pursuant to the exercise of the Option until the Grantee or other person
     has made arrangements acceptable to the Administrator for the satisfaction
     of applicable income tax, employment tax, and social security tax
     withholding obligations, including, without limitation, obligations
     incident to the receipt of Shares or the disqualifying disposition of
     Shares received on exercise of an Incentive Stock Option. Upon exercise of
     the Option, the Company or the Grantee's employer may offset or withhold
     (from any amount owed by the Company or the Grantee's employer to the
     Grantee) or collect from the Grantee or other person an amount sufficient
     to satisfy such tax obligations and/or the employer's withholding
     obligations.

          (d) Pre-Registration Date Exercise. In the event that the Grantee
     exercises his or her Option prior to the Registration Date, such exercise
     shall be done in the manner as provided for by the Administrator in
     accordance with the provisions of the Plan.

     3. Method of Payment. In addition to any other types of consideration the
Administrator may determine, payment of the Exercise Price shall be by any of
the following, or a combination thereof, at the election of the Grantee;
provided, however, that such exercise method does not then violate any
Applicable Law and, provided, further, that the Exercise Price must be paid in
cash or other legal consideration permitted by the Cayman Islands company law:

          (a)  cash;

          (b)  check; or

          (c)  cancellation of indebtedness owed by the Company to the Grantee.

     4. Restrictions on Exercise. The Option may not be exercised if the
issuance of the Shares subject to the Option upon such exercise would constitute
a violation of any Applicable Laws. In addition, the Option, if an Incentive
Stock Option, may not be exercised until such time as the Plan has been approved
by the shareholders of the Company.

     5. Termination or Change of Continuous Service. In the event the Grantee's
Continuous Service terminates, other than for Cause, the Grantee may, to the
extent otherwise so entitled at the date of such termination (the "Termination
Date"), exercise the Option during the Post-Termination Exercise Period as set
forth in the Notice. In the event of termination of the Grantee's Continuous
Service for Cause, the Grantee's right to exercise the

                                       19

<PAGE>

Option shall, except as otherwise determined by the Administrator, terminate
concurrently with the termination of the Grantee's Continuous Service. In no
event shall the Option be exercised later than the Expiration Date set forth in
the Notice. Except as provided in Sections 6 and 7 below, to the extent that the
Grantee is not entitled to exercise the Option on the Termination Date, or if
the Grantee does not exercise the Option within the Post-Termination Exercise
Period, the Option shall terminate.

     6. Disability of Grantee. In the event the Grantee's Continuous Service
terminates as a result of his or her Disability, the Grantee may, but only
within twelve (12) months from the Termination Date (and in no event later than
the Expiration Date), exercise the Option to the extent he or she was otherwise
entitled to exercise it on or prior to the Termination Date; provided, however,
that if such Disability is not a "disability" as such tern is defined in Section
22(e)(3) of the Code and the Option is an Incentive Stock Option, such Incentive
Stock Option shall cease to be treated as an Incentive Stock Option and shall be
treated as a Non-Qualified Stock Option on the day three (3) months and one (1)
day following the Termination Date. To the extent that the Grantee is not
entitled to exercise the Option on or prior to the Termination Date, or if the
Grantee does not exercise the Option to the extent so entitled within the time
specified herein, the Option shall terminate.

     7. Death of Grantee. In the event of the termination of the Grantee's
Continuous Service as a result of his or her death, or in the event of the
Grantee's death during the Post-Termination Exercise Period or during the twelve
(12) month period following the Grantee's Termination of Continuous Service as a
result of his or her Disability, the Grantee's estate, or a person who acquired
the right to exercise the Option by bequest or inheritance, may exercise the
Option, but only to the extent the Grantee could exercise the Option at the date
of termination, within twelve (12) months from the date of death (but in no
event later than the Expiration Date). To the extent that the Grantee is not
entitled to exercise the Option on the date of death, or if the Option is not
exercised to the extent so entitled within the time specified herein, the Option
shall terminate.

     8. Transferability of Option. The Option, if an Incentive Stock Option, may
not be transferred in any manner other than by will or by the laws of descent
and distribution and may be exercised during the lifetime of the Grantee only by
the Grantee; provided, however, that the Grantee may designate a beneficiary of
the Grantee's Incentive Stock Option in the event of the Grantee's death on a
beneficiary designation form provided by the Administrator. The Option, if a
Non-Qualified Stock Option or Other Stock Option, may be transferred to any
person by will and by the laws of descent and distribution. Non-Qualified Stock
Options and Other Stock Options may also be transferred during the lifetime of
the Grantee by gift and pursuant to a domestic relations order to members of the
Grantee's Immediate Family to the extent and in the manner determined by the
Administrator. The terms of the Option shall be binding upon the executors,
administrators, heirs, successors and transferees of the Grantee.

     9. Term of Option. The Option may be exercised no later than the Expiration
Date set forth in the Notice or such earlier date as otherwise provided herein.

     10. Tax Consequences. Set forth below is a brief summary as of the date of
this Option Agreement of some of the United States federal tax consequences of
exercise of the Option and disposition of the Shares. THIS SUMMARY IS
NECESSARILY

                                       20

<PAGE>

INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE GRANTEE
SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE
SHARES.

          (a) Exercise of Incentive Stock Option. If the Option qualifies as an
     Incentive Stock Option, there will be no regular United States federal
     income tax liability upon the exercise of the Option, although the excess,
     if any, of the Fair Market Value of the Shares on the date of exercise over
     the Exercise Price will be treated as income for purposes of the
     alternative minimum tax for federal tax purposes and may subject the
     Grantee to the alternative minimum tax in the year of exercise.

          (b) Exercise of Incentive Stock Option Following Disability. If the
     Grantee's Continuous Service terminates as a result of Disability that is
     not total and permanent disability as defined in Section 22(e)(3) of the
     Code, to the extent permitted on the date of termination, the Grantee must
     exercise an Incentive Stock Option within three (3) months of such
     termination for the Incentive Stock Option to be qualified as an Incentive
     Stock Option.

          (c) Exercise of Non-Qualified Stock Option. On exercise of a
     Non-Qualified Stock Option, the Grantee will be treated as having received
     compensation income (taxable at ordinary income tax rates) equal to the
     excess, if any, of the Fair Market Value of the Shares on the date of
     exercise over the Exercise Price. If the Grantee is an Employee or a former
     Employee, the Company will be required to withhold from the Grantee's
     compensation or collect from the Grantee and pay to the applicable taxing
     authorities an amount in cash equal to a percentage of this compensation
     income at the time of exercise, and may refuse to honor the exercise and
     refuse to deliver Shares if such withholding amounts are not delivered at
     the time of exercise.

          (d) Exercise of Other Stock Option. On exercise of an Other Stock
     Option, the Grantee will be treated as having received compensation income
     (taxable at ordinary income tax rates) equal to the excess, if any, of the
     Fair Market Value of the Shares on the date of exercise over the Exercise
     Price. If the Grantee is an Employee or a former Employee, the Company will
     be required to withhold from the Grantee's compensation or collect from the
     Grantee and pay to the applicable taxing authorities an amount in cash
     equal to a percentage of this compensation income at the time of exercise,
     and may refuse to honor the exercise and refuse to deliver Shares if such
     withholding amounts are not delivered at the time of exercise.

          (e) Disposition of Shares. In the case of a Non-Qualified Stock
     Option, if Shares are held for more than one year, any gain realized on
     disposition of the Shares will be treated as long-term capital gain for
     United States federal income tax purposes and subject to tax at a maximum
     rate of 20%. In the case of an Incentive Stock Option, if Shares
     transferred pursuant to the Option are held for more than one year after
     receipt of the Shares and are disposed more than two years after the Date
     of Award, any gain realized on disposition of the Shares also will be
     treated as capital gain for federal income tax purposes and subject to the
     same tax rates and holding periods that apply to Shares acquired upon
     exercise of a Non-Qualified Stock Option. If Shares purchased under an
     Incentive Stock Option are disposed of prior to the

                                       21

<PAGE>

     expiration of such one-year or two-year periods, any gain realized on such
     disposition will be treated as compensation income (taxable at ordinary
     income rates) to the extent of the difference between the Exercise Price
     and the lesser of (i) the Fair Market Value of the Shares on the date of
     exercise, or (ii) the sale price of the Shares.

     11. Withholding Tax Obligations. The Grantee understands that, upon
exercising a Non-Qualified Stock Option, he or she will recognize for income tax
purposes an amount equal to the excess of the then Fair Market Value of the
Shares over the Exercise Price. However, the timing of this income recognition
may be deferred for up to six months if the Grantee is subject to Section 16 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"). If the
Grantee is an employee, the Company will be required to withhold from the
Grantee's compensation, or collect from the Grantee and pay to the applicable
taxing authorities an amount equal to a percentage of this compensation income.
Additionally, the Grantee may at some point be required to satisfy tax
withholding obligations with respect to the disqualifying disposition of an
Incentive Stock Option. The Grantee shall satisfy his or her tax withholding
obligation arising upon the exercise of this Option by one or some combination
of the following methods: (a) by cash payment, (b) out of the Grantee's current
compensation, (c) if permitted by the Administrator, in its discretion, by
surrendering to the Company Shares which (i) in the case of Shares previously
acquired from the Company, have been owned by the Grantee for more than six (6)
months on the date of surrender, and (ii) have a Fair Market Value on the date
of surrender equal to or greater than the Grantee's marginal tax rate times the
ordinary income recognized, or (d) if permitted by the Administrator, in its
discretion, by electing to have the Company withhold from the Shares to be
issued upon exercise of the Option that number of Shares having a Fair Market
Value equal to the amount required to be withheld. For this purpose, the Fair
Market Value of the Shares to be withheld shall be determined on the date that
the amount of tax to be withheld is to be determined under Applicable Laws (the
"Tax Date").

     If the Grantee is subject to Section 16 of the Exchange Act (an "Insider"),
any surrender of previously owned Shares to satisfy tax withholding obligations
arising upon exercise of this Option must comply with the applicable provisions
of Rule 16b-3 promulgated under the Exchange Act ("Rule 16b-3").

     All election by the Grantee to have Shares withheld to satisfy tax
withholding obligations shall be made in writing in a form acceptable to the
Administrator and shall be subject to the following restrictions:

          (a)  the election must be made on or prior to the applicable Tax Date;

          (b)  once made, the election shall be irrevocable as to the particular
               Shares of the Option as to which the election is made; and

          (c)  all elections shall be subject to the consent or disapproval of
               the Administrator.

     12. Market Standoff Agreement. In connection with the initial public
offering of the Company's securities and upon request of the Company or the
managing underwriters managing any underwritten offering of the Company's
securities, the Grantee hereby agrees not to sell, make any short sale of, loan,
grant any option for the purchase of, or otherwise

                                       22

<PAGE>

dispose of any Shares (other than those included in the registration) without
the prior written consent of the Company or such managing underwriters, as the
case may be, for such period of time (not to exceed 180 days) from the
registration date as may be requested by the Company or such managing
underwriters and to execute an agreement reflecting the foregoing as may be
requested by the managing underwriters at the time of the public offering.

     13. Entire Agreement; Governing Law. The Notice, the Plan and this Option
Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and the Grantee with respect to the subject matter
hereof, and may not be modified adversely to the Grantee's interest except by
means of a writing signed by the Company and the Grantee. Nothing in the Notice,
the Plan and this Option Agreement (except as expressly provided therein) is
intended to confer any rights or remedies on any persons other than the parties.
The Notice, the Plan and this Option Agreement are to be construed in accordance
with and governed by the internal laws of the Cayman Islands. Should any
provision of the Notice, the Plan or this Option Agreement be determined by a
court of law to be illegal or unenforceable, such provision shall be enforced to
the fullest extent allowed by law and the other provisions shall nevertheless
remain effective and shall remain enforceable.

     14. Headings. The captions used in the Notice, the Plan and this Option
Agreement are inserted for convenience and shall not be deemed a part of the
Option for construction or interpretation.

     15. Dispute Resolution. The provisions of this Section 15 shall be the
exclusive means of resolving disputes arising out of or relating to the Notice,
the Plan and this Option Agreement. The Company, the Grantee, and the Grantee's
transferees pursuant to Section 6(j) of the Plan (the "parties") shall attempt
in good faith to resolve any disputes arising out of or relating to the Notice,
the Plan and this Option Agreement by negotiation between individuals who have
authority to settle the controversy. Negotiations shall be commenced by either
party by notice of a written statement of the party's position and the name and
title of the individual who will represent the party. Within thirty (30) days of
the written notification, the parties shall meet at a mutually acceptable time
and place to resolve the dispute. If the dispute has not been resolved by
negotiation, the parties agree that any suit, action, or proceeding arising out
of or relating to the Notice, the Plan or this Option Agreement shall be within
the jurisdiction of the courts of Hong Kong. If any one or more provisions of
this Section 15 shall for any reason be held invalid or unenforceable, it is the
specific intent of the parties that such provisions shall be modified to the
minimum extent necessary to make it or its application valid and enforceable.

     16. Notices. Any notice required or permitted hereunder shall be given in
writing and shall be deemed effectively given upon personal delivery or upon
deposit for delivery by an internationally (for international delivery of
notice), or nationally (for national delivery of notice), recognized express
mail courier service with postage and fees prepaid, addressed to the other party
at its address as shown beneath its signature in the Notice, or to such other
address as such party may designate in writing from time to time to the other
party.

LDK SOLAR CO., LTD.

                                       23

<PAGE>

By:
    ---------------------------------
Name:
      -------------------------------
Date:
      -------------------------------

Signed:
        -----------------------------
        Grantee
Date:
      -------------------------------

                                       24

<PAGE>

                                    EXHIBIT A

                               LDK SOLAR CO., LTD.

                            2006 STOCK INCENTIVE PLAN

                                 EXERCISE NOTICE

LDK Solar Co., Ltd.
Hi-tech Industrial Park
Xinyu City, Jiangxi Province
People's Republic of China

Attention: Secretary of the Board

     1. Exercise of Option. Effective as of today, _____________, ____ [Date],
_____________ [Name], the undersigned (the "Grantee") hereby elects to exercise
the Grantee's Option, to the extent such Option, in whole or in part, has been
vested, to purchase ordinary shares (the "Shares") of LDK Solar Co., Ltd. (the
"Company") under and pursuant to the Company's 2006 Stock Incentive Plan, as
amended from time to time (the "Plan") and the Stock Option Award Agreement (the
"Option Agreement") and Notice of Stock Option Award (the "Notice") dated
_____________, _____. Unless otherwise defined herein, the terms used in this
Exercise Notice shall have the same defined meanings in the Plan and the Option
Agreement.

     2. Number of Shares to be Exercised. The number of Shares to be exercised
under the Option is _________________.

     3. Representations of the Grantee. The Grantee acknowledges that the
Grantee has received, read and understood the Notice, the Plan, and the Award
Agreement and agrees to abide by and be bound by their terms and conditions.

     4. Rights as Shareholder. Until the stock certificate evidencing such
Shares is issued (as evidenced by the appropriate entry on the books of the
Company or of a duly authorized transfer agent of the Company), no right to vote
or receive dividends or any other rights as a shareholder shall exist with
respect to the Shares, notwithstanding the exercise of the Option. The Company
shall issue (or cause to be issued) such stock certificate promptly after the
Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the stock certificate is issued,
except as provided in Section 10 of the Plan.

     5. Delivery of Payment. The Grantee herewith delivers to the Company the
full Exercise Price in the following manner for the number of Shares as
indicated in Section 2 above.

     [ ]  The Grantee tenders herewith payment of the Exercise Price in full in
          the form of cash or a certified or official bank check in same-day
          funds in the amount of US$____________ for _________ Shares.

                                       25

<PAGE>

     [ ]  The Grantee elects the Easy Sale Exercise option and accordingly
          requests delivery of a net of ______________ of Shares.

     6. Tax Consultation. The Grantee understands that the Grantee may suffer
adverse tax consequences as a result of the Grantee's purchase or disposition of
Shares. The Grantee represents that the Grantee has consulted with tax
consultants the Grantee deems advisable in connection with the purchase or
disposition of the Shares and that the Grantee is not relying on the Company for
any tax advice.

     7. Taxes. The Grantee agrees to satisfy all applicable foreign and U.S.
federal, state and local income and employment tax withholding obligations and
herewith delivers to the Company the full amount of such obligations or has made
arrangements acceptable to the Company to satisfy such obligations. In the case
of an Incentive Stock Option, the Grantee also agrees, as partial consideration
for the designation of the Option as an Incentive Stock Option, to notify the
Company in writing within thirty (30) days of any disposition of any Shares
acquired by exercise of the Option if such disposition occurs within two (2)
years from the Award Date or within one (1) year from the date the Shares were
transferred to the Grantee. If the Company is required to satisfy any foreign or
United States federal, state or local income or employment tax withholding
obligations as a result of such an early disposition, the Grantee agrees to
satisfy the amount of such withholding in a manner that the Administrator
prescribes.

     8. Successors and Assigns. The Company may assign any of its rights under
this Exercise Notice to single or multiple assignees, and this Exercise Notice
shall inure to the benefit of the successors and assigns of the Company. This
Exercise Notice shall be binding upon the Grantee and his or her heirs,
executors, administrators, successors and assigns.

     9. Headings. The captions used in this Exercise Notice are inserted for
convenience and shall not be deemed a part of this Exercise Notice for
construction or interpretation.

     10. Dispute Resolution. The provisions of Section 15 of the Award Agreement
shall be the exclusive means of resolving disputes arising out of or relating to
this Exercise Notice.

     11. Governing Law; Severability. This Exercise Notice is to be construed in
accordance with and governed by the internal laws of the Cayman Islands. Should
any provision of this Exercise Notice be determined by a court of law to be
illegal or unenforceable, such provision shall be enforced to the fullest extent
allowed by law and the other provisions shall nevertheless remain effective and
shall remain enforceable.

     12. Notices. Any notice required or permitted hereunder shall be given in
writing and shall be deemed effectively given upon personal delivery or upon
deposit for delivery by an internationally (for international delivery of
notice), or nationally (for national delivery of notice), recognized express
mail courier service with postage and fees prepaid, addressed to the other party
at its address as shown below beneath its signature, or to such other address as
such party may designate in writing from time to time to the other party.

                                       26

<PAGE>

     13. Further Instruments. The parties agree to execute such further
instruments and to take such further action as may be reasonably necessary to
carry out the purposes and intent of this Exercise Notice.

     14. Entire Agreement. The Notice, the Plan, and the Award Agreement are
incorporated herein by reference, and together with this Exercise Notice
constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and the Grantee with respect to the subject matter
hereof, and may not be modified adversely to the Grantee's interest except by
means of a writing signed by the Company and the Grantee. Nothing in the Notice,
the Plan, the Award Agreement and this Exercise Notice (except as expressly
provided therein) is intended to confer any rights or remedies on any persons
other than the parties.

Submitted by:                           Accepted by:

GRANTEE:                                LDK SOLAR CO., LTD.

                                        By:
                                            ------------------------------------
                                        Title:
-------------------------------------          ---------------------------------
(Signature)

Address:                                Address:
                                        Hi-tech Industrial Park
-------------------------------------   Xinyu City, Jiangxi Province
                                        People's Republic of China
-------------------------------------

                                       27

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