THE BANK OF NEW YORK
101 Barclay Street
New York, New York 10286
January 28, 2008
No. 8 Baoqun Road
People’s Republic of China
Deposit Agreement dated as of January 28, 2008 (the "Deposit Agreement") among ReneSola
Ltd, The Bank of New York, as Depositary, and all Owners and Holders from time to time of
American Depositary Shares issued thereunder
Ladies and Gentlemen:
We refer to the Deposit Agreement. Capitalized terms defined in the Deposit Agreement and not
otherwise defined herein are used herein as defined in the Deposit Agreement.
We hereby agree that, without the prior consent of the Company, (i) we will not (a) Pre-Release
American Depositary Shares or (b) permit any Pre-Release to remain outstanding at any time, except pursuant to
agreements, covenants, representations or warranties substantively to the effect of Sections 3(a), 3(e), 4, 7(a)
and 14 of the ADR Pre-Release Agreement attached hereto (or, in lieu of Section 14, we will indemnify the
Company to the same extent that the counterparty to a Pre-Release would be required by said Section 14 to
indemnify the Company).
We confirm that we currently do not, and do not intend to, make any Pre-Release to any person until
such person has undergone the Depositary's standard credit review process.
If, after the date hereof, the Depositary's ADR Department is advised by counsel that there has occurred
a material change in the U.S. federal income tax law (including judicial and administrative interpretations thereof)
regarding the treatment of Pre-Release, we agree to notify the Company promptly of such change and to advise
the Company as to the changes, if any, that we intend to make, or have made, to the Pre-Release procedures
then being followed by us as a result of such change in the tax law.
We will in good faith consult with the Company and consider all suggestions, without any obligation on
our part to change our Pre-Release proce