Date: July 9, 2020 Tianjin Zhonghuan Semiconductor Co., Ltd No. 12 East Haitai Road, Huayuan Industrial Park, Hi-tech Industrial Zone, Tianjin, PR China Re: Consent and Waiver Relating to Replacement Financing and Certain Other Matters (this “Consent...Consent and Waiver Letter • August 5th, 2020 • Sunpower Corp • Semiconductors & related devices
Contract Type FiledAugust 5th, 2020 Company IndustryWe refer to the Investment Agreement (the “Investment Agreement”), dated November 8, 2019, among SunPower Corporation, a Delaware corporation (“Parent”), Maxeon Solar Technologies, Pte. Ltd., a company incorporated under the Laws of Singapore and, as of the date of this Consent and Waiver Letter, a wholly owned subsidiary of Parent (“SpinCo”), Tianjin Zhonghuan Semiconductor Co., Ltd., a PRC joint stock limited company (“Investor” and, collectively with Parent and SpinCo, the “Parties”) and, solely for purposes of Sections 5.2, 6.1, 6.3, 6.4, 6.6, 6.8, 6.9(d), 6.10, 8.2(a) and Article IX thereof, Total Solar INTL SAS, a French société par actions simplifiée. Capitalized terms used but not defined herein have the meanings given to them in the Investment Agreement.