tokens: DISPUTES 10 Page 2 of 12 7 - December 2007 SUBORDINATED LOAN AGREEMENT THIS LOAN AGREEMENT is made on 7th December , 2007 BETWEEN : ( 1 ) SILICIUM DE PROVENCE S . A . S ., a private company with limited liability , incorporated under the laws of France , whose registered office is situated at Usine de Saint Auban , 04 600 Saint Auban , France , represented by Mr . Frank Wouters , hereinafter referred to as the " Borrower ", and ( 2 ) EVERGREEN SOLAR , INC ., a company incorporated in Delaware , U . S . A ., with registered number 2426798 , whose registered office is situated at 138 Bartlett Street , Marlboro , Massachusetts 01752 , U . S . A . represented by Richard Chleboski , hereinafter referred to as the " Lender ", Hereinafter referred to severally each as a " Party " and jointly as the " Parties ".