Document:

EX-10.5

 Exhibit 10.5 

NON-COMPETITION AGREEMENT 

BY AND BETWEEN 
 PATTERN
ENERGY GROUP LP 
 AND 

PATTERN ENERGY GROUP INC. 

Dated as of October 2, 2013 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	 	Definitions	  	 	1	  
		
	 ARTICLE II PROJECT ACQUISITION OPPORTUNITIES
	  	 	3	  
			
	 Section 2.1
	 	Restricted Project Acquisitions	  	 	3	  
	 Section 2.2
	 	Project Opportunities	  	 	3	  
	 Section 2.3
	 	Collaboration	  	 	3	  
	 Section 2.4
	 	Permitted Exceptions	  	 	3	  
		
	 ARTICLE III MISCELLANEOUS
	  	 	4	  
			
	 Section 3.1
	 	Choice of Law; Submission To Jurisdiction; Waiver of Jury Trial	  	 	4	  
	 Section 3.2
	 	Enforcement	  	 	4	  
	 Section 3.3
	 	Notice	  	 	4	  
	 Section 3.4
	 	Entire Agreement	  	 	5	  
	 Section 3.5
	 	Termination	  	 	5	  
	 Section 3.6
	 	Waiver; Effect of Waiver or Consent	  	 	5	  
	 Section 3.7
	 	Amendment or Modification	  	 	5	  
	 Section 3.8
	 	Assignment	  	 	5	  
	 Section 3.9
	 	Counterparts	  	 	5	  
	 Section 3.10
	 	Severability	  	 	5	  
	 Section 3.11
	 	Rules of Construction	  	 	5	  
	 Section 3.12
	 	Further Assurances	  	 	6	  
	 Section 3.13
	 	Laws and Regulations	  	 	6	  
	 Section 3.14
	 	No Third Party Beneficiaries	  	 	6	  

  
 i 

 NON-COMPETITION AGREEMENT 

THIS NON-COMPETITION AGREEMENT is entered into on, and effective as of, the Closing Date (as defined herein), by and between Pattern Energy
Group LP, a Delaware limited partnership (“PEG LP”) and Pattern Energy Group Inc., a Delaware corporation (“PEG Inc.”). 

R E C I T A L S: 
 1. The Parties desire by their
execution of this Agreement to evidence their understanding, as more fully set forth in Article II, with respect to (a) certain Project Opportunities (as defined herein) that the PEG LP Entities (as defined herein) will not pursue during
the term of this Agreement and (b) the procedures whereby such Project Opportunities are to be offered to and may be pursued by PEG Inc. 

In consideration of the premises and the covenants, conditions, and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the following terms shall have the respective meanings set forth below: 

“Agreement” means this Non-Competition Agreement, as it may be amended, modified, or supplemented from time to time in
accordance with Section 3.7 hereof. 
 “Applicable Law” means any applicable constitutional provision, statute,
act, code, law, regulation, rule, ordinance, Order, decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter, of a Governmental Authority having valid jurisdiction. 

“Business Day” means a day other than a Saturday, Sunday or any other day on which commercial banks in Toronto, Ontario or
New York, NY are authorized or required by Applicable Law to close. Any event the scheduled occurrence of which would fall on a day that is not a Business Day shall be deferred until the next succeeding Business Day. 

“Closing Date” means the date of the closing of the initial public offering of Class A common stock of PEG Inc. 

“Control” or “controlled” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Equity Interests” means all shares, capital stock, partnership or limited liability company interests, units,
participations, distribution rights, joint venture interest or similar equity interests issued by any Person, however designated. 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Governmental Authority” means: 
  

	 	(i)	any government, whether national, federal, provincial, state, territorial, municipal or local (whether administrative, legislative, executive or otherwise); 

 

	 	(ii)	any agency, authority, ministry, department, regulatory body, court, central bank, bureau, board or other instrumentality having legislative, judicial, taxing, regulatory, prosecutorial or administrative powers or
functions of, or pertaining to, government; 

  

	 	(iii)	any court, commission, individual, arbitrator, arbitration panel or other body having adjudicative, regulatory, judicial, quasi-judicial, administrative or similar functions; and 

 

	 	(iv)	any other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange or professional association. 

“Order” means any order, directive, judgment, decree, injunction, decision, ruling, award or writ of any Governmental
Authority. 
 “Parties” means the parties to this Agreement and their successors and permitted assigns. 

“PEG Inc.” is defined in the introduction to this Agreement. 

“PEG Inc. Entities” means PEG Inc. and any Person Controlled by PEG Inc. 

“PEG LP” is defined in the introduction to this Agreement. 

“PEG LP Entities” means PEG LP and any Person Controlled by PEG LP, other than the PEG Inc. Entities. 

“Person” means an individual, corporation, partnership, joint venture, trust, limited liability company, unlimited liability
company, unincorporated organization or any other entity. 
 “Project” means any power generation or transmission facility
or project, in any stage, including in development, construction or commercial operation. 
 “Project Acquisition” has the
meaning given such term in Section 2.1. 
 “Project Opportunity” has the meaning given such term in
Section 2.2. 
 “Project Opportunity Notice” has the meaning given such term in Section 2.2. 

“Project Release” has the meaning given such term in Section 2.2. 

“Project Stand Down Order” has the meaning given such term in Section 2.2. 

  
 2 

 “Purchase Rights Agreement” means that certain Purchase Rights Agreement,
entered into on, and effective as of, the Closing Date, among PEG LP, PEG Inc., and, solely with respect to Article IV thereof, Pattern Energy Group Holdings LP, a Delaware limited partnership, and Pattern Energy GP LLC, a Delaware limited liability
company. 
 ARTICLE II 

PROJECT ACQUISITION OPPORTUNITIES 

Section 2.1 Restricted Project Acquisitions. Subject to Section 3.5 and except as permitted by
Section 2.4, PEG LP shall not, and shall cause each of the PEG LP Entities not to, directly or indirectly acquire from any Person (other than a wholly-owned subsidiary of PEG LP) any ownership, equity or similar interest in any Project,
whether by purchase, merger, acquisition of assets or rights or Equity Interests or otherwise (a “Project Acquisition”) other than in accordance with Section 2.2. 

Section 2.2 Project Opportunities. If any PEG LP Entity becomes aware of any opportunity for a Project Acquisition that any PEG LP
Entity wishes to pursue (a “Project Opportunity”), PEG LP shall provide written notice to PEG Inc. of such Project Opportunity within a commercially reasonable amount of time, including any details and information (including
diligence information) reasonably available to any PEG LP Entity with respect to such Project Opportunity (a “Project Opportunity Notice”). PEG Inc. will have the right, exercisable within five (5) calendar days of receipt of
the Project Opportunity Notice, to notify PEG LP in writing that PEG Inc. desires to pursue all or part of the subject Project Opportunity (a “Project Stand Down Order”); provided, that such notice shall not constitute an
obligation to acquire such Project Opportunity. In the event that a Project Stand Down Order is delivered, PEG LP shall not, and shall cause each PEG LP Entity not to, pursue such Project Opportunity other than through a PEG Inc. Entity (or with a
PEG Inc. Entity at PEG Inc.’s sole discretion) and PEG LP shall use commercially reasonable efforts to facilitate the pursuit of such Project Opportunity by such PEG Inc. Entity. After delivery of a Project Stand Down Order, if PEG Inc.
determines in good faith that it will not pursue a Project Opportunity, as promptly as practical after such determination PEG Inc. will deliver notice to PEG LP that it will not pursue such Project Opportunity (a “Project Release”).
In the event that (a) PEG Inc. does not deliver a Project Stand Down Order within five (5) calendar days of receipt of a Project Opportunity Notice or (b) PEG LP receives a Project Release, then the PEG LP Entities shall not be
restricted from pursuing such Project Opportunity independent of PEG Inc. and any PEG Inc. Entity. 
 Section 2.3 Collaboration.
PEG Inc. may elect at its discretion to collaborate with PEG LP to jointly pursue a Project Opportunity by stating in its Project Stand Down Order that PEG Inc. desires to jointly pursue the subject Project Opportunity with PEG LP. 

Section 2.4 Permitted Exceptions. Notwithstanding any provision of Section 2.1 and Section 2.2 to the contrary, the
restrictions in Section 2.1 and Section 2.2 shall not apply to any PEG LP Entity developing or expanding an existing Project then owned by such PEG LP Entity; provided, that any such Project shall be subject to the terms of the Purchase
Rights Agreement for so long as such Purchase Rights Agreement remains in effect. 

  
 3 

 ARTICLE III 

MISCELLANEOUS 

Section 3.1 Choice of Law; Submission To Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed and
interpreted in accordance with the Laws of the State of New York, excluding any conflict-of-laws rule or principle that might refer the governance or the construction of this Agreement to the law of another jurisdiction irrespective of the choice of
laws principles. Subject to Section 3.2, each Party hereby irrevocably submits to the exclusive jurisdiction of any state or federal court sitting in New York, New York in connection with any claim, suit, action or proceeding arising out
of or relating to this Agreement or the transactions contemplated hereby or any dealings between the Parties relating to the subject matter of this Agreement and the relationship that is being established. TO THE MAXIMUM EXTENT PERMITTED BY
APPLICABLE LAW, EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM, SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY
DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING ESTABLISHED. 
 Section 3.2
Enforcement. Each Party agrees and acknowledges that the other Party does not have an adequate remedy at law for the breach by any such Party of its covenants and agreements set forth in this Agreement, and that any breach by any such Party
of its covenants and agreements set forth in this Agreement would result in irreparable injury to such other Party. Each Party shall be entitled to enforce its rights under this Agreement specifically, to recover damages by reason of any breach of
any provision of this Agreement (including costs of enforcement) and to exercise any and all other rights existing in its favor. The Parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the
provisions of this Agreement and that each Party may, in its sole discretion, apply to any court of law or equity of competent jurisdiction for, and shall be entitled to specific performance or injunctive relief (without posting a bond or other
security) in order to enforce or prevent any violation or threatened violation of the provisions of this Agreement. 
 Section 3.3
Notice. All notices, requests or consents provided for or permitted to be given pursuant to this Agreement must be in writing and must be given by depositing the same in the mail, addressed to the Person to be notified, postpaid, and
registered or certified with return receipt requested or by delivering such notice in person or by private-courier, prepaid, or by telecopier to such party. Notice given by personal delivery or mail shall be effective upon actual receipt. Couriered
notices shall be deemed delivered on the date the courier represents that delivery will occur. Notice given by telecopier shall be effective upon actual receipt if received during the recipient’s normal business hours, or at the beginning of
the recipient’s next Business Day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set forth below such
Party’s signature to this Agreement, or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 3.3. 

  
 4 

 Section 3.4 Entire Agreement. This Agreement constitutes the entire agreement of the
Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 

Section 3.5 Termination. Upon the termination of all of PEG Inc.’s purchase rights set forth in Articles II, III and IV of
the Purchase Rights Agreement, this Agreement shall automatically terminate immediately. 
 Section 3.6 Waiver; Effect of Waiver or
Consent. Any Party hereto may (a) extend the time for the performance of any obligation or other act of any other Party hereto or (b) waive compliance with any agreement or condition of any other Party contained herein. Except as
otherwise specifically provided herein, any such extension or waiver shall be valid only if set forth in a written instrument duly executed by the party or parties to be bound thereby. No waiver or consent, express or implied, by any Party of or to
any breach or default by any Person in the performance by such Person of its obligations hereunder shall be deemed or construed to be a waiver or consent of or to any other breach or default in the performance by such Person of the same or any other
obligations of such Person hereunder. Failure on the part of a Party to complain of any act of any Person or to declare any Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights
hereunder until the applicable statute of limitations period has run. 
 Section 3.7 Amendment or Modification. This Agreement
may be amended or modified from time to time only by the written agreement of all the Parties hereto. 
 Section 3.8 Assignment.
No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the other Parties hereto; provided, that subject to the foregoing, this Agreement shall be binding on the Parties and their respective
successors and assigns. 
 Section 3.9 Counterparts. This Agreement may be executed in any number of counterparts with the same
effect as if all signatory parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or
electronic transmission shall be as effective as delivery of a manually executed counterpart of this Agreement. 
 Section 3.10
Severability. If any provision of this Agreement or the application thereof to any Person or circumstance shall be held invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other
Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
 Section 3.11
Rules of Construction. Interpretation of this Agreement shall be governed by the following rules of construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to
include the other gender as the context requires, (b) references to the terms Article, Section, paragraph, and Schedule are references to the Articles, Sections, paragraphs, and Schedules to this Agreement unless otherwise specified,
(c) the word “including” and words of similar import shall mean “including, 

  
 5 

 
without limitation,” (d) provisions shall apply, when appropriate, to successive events and transactions, (e) the headings contained herein are for reference purposes only and
shall not affect in any way the meaning or interpretation of this Agreement and (f) this Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any
instrument to be drafted. 
 Section 3.12 Further Assurances. In connection with this Agreement and all transactions
contemplated by this Agreement, each signatory party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of
the terms, provisions and conditions of this Agreement and all such transactions. 
 Section 3.13 Laws and Regulations.
Notwithstanding any provision of this Agreement to the contrary, no party to this Agreement shall be required to take any act, or fail to take any act, under this Agreement if the effect thereof would be to cause such party to be in violation of any
Applicable Law. 
 Section 3.14 No Third Party Beneficiaries. The provisions of this Agreement are enforceable solely by the
Parties to this Agreement, and no other Person, including any limited partner, member or equity holder of PEG LP or PEG Inc., shall have the right, separate and apart from PEG LP and PEG Inc., as applicable, to enforce any provision of this
Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

  
 6 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the Closing
Date. 
  

			
	PATTERN ENERGY GROUP LP
		
	By:	 	 /s/ Dyann S. Blaine

		 	Name: Dyann S. Blaine
		 	Title:   Vice President
	
	PATTERN ENERGY GROUP INC.
		
	By:	 	 /s/ Dyann S. Blaine

		 	Name: Dyann S. Blaine
		 	Title:   Vice President and Secretary

 [Signature Pages to Non-Competition Agreement]EX-10.6

 Exhibit 10.6 

EXECUTION VERION 

SHAREHOLDER APPROVAL RIGHTS AGREEMENT 

dated October 2, 2013 

between 
 PATTERN ENERGY GROUP
INC. 
 and 
 PATTERN ENERGY
GROUP LP 

 This Shareholder Approval Rights Agreement, dated October 2, 2013 (this
“Agreement”), is made by and between Pattern Energy Group Inc. (the “Company”) and Pattern Energy Group LP (the “Shareholder”). 

RECITALS 
 A. The Company has undertaken
an initial public offering (the “Initial Public Offering”) of its Class A common shares pursuant to a prospectus filed with U.S. and Canadian securities regulatory authorities. 

B. The Shareholder indirectly owns shares in the Company through its subsidiary Pattern Renewables LP. 

C. The Company and the Shareholder will each benefit from the corporate arrangements entered into in connection with the Initial Public Offering. 

D. The Company and the Shareholder have entered into this Agreement in order to grant the Shareholder certain approval rights with respect to certain corporate
action to be taken by the Company following completion of the Initial Public Offering (the “Closing”). 
 NOW, THEREFORE,
in consideration of the foregoing and the mutual agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.01 Certain Defined Terms. The following capitalized terms used in this Agreement shall have the meanings set forth below:

 “Applicable Law” means any applicable constitutional provision, statute, act, code, law, regulation, rule, ordinance,
Order, decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter, of a Governmental Authority having valid jurisdiction. 

“Board” means the board of directors of the Company from time to time. 

“Business Day” means a day other than a Saturday, Sunday or other day on which commercial banks in Toronto, Ontario or New
York, NY are authorized or required by Applicable Law to close. Any event the scheduled occurrence of which would fall on a day that is not a Business Day shall be deferred until the next succeeding Business Day. 

“Class A Shares” means the shares of the Company’s Class A common stock, par value $0.01 per share. 

“Class B Shares” means the shares of the Company’s Class B common stock, par value $0.01 per share. 

  
 1 

 “Closing” has the meaning set forth in the Recitals. 

“Closing Date” means the date on which the Closing takes place. 

“Common Shares” means collectively, the Class A Shares and the Class B Shares, or such other shares or other securities
into which such shares of common stock are converted, exchanged, reclassified or otherwise changed from time to time. 
 “Existing
Indebtedness” means the indebtedness, debt securities, guarantees, and indemnities of the Company and its Subsidiaries, on a consolidated basis, existing on the Closing Date. 

“Governmental Authority” means: 
  

	 	(i)	any government, whether national, federal, provincial, state, territorial, municipal or local (whether administrative, legislative, executive or otherwise); 

 

	 	(ii)	any agency, authority, ministry, department, regulatory body, court, central bank, bureau, board or other instrumentality having legislative, judicial, taxing, regulatory, prosecutorial or administrative powers or
functions of, or pertaining to, government; 

  

	 	(iii)	any court, commission, individual, arbitrator, arbitration panel or other body having adjudicative, regulatory, judicial, quasi-judicial, administrative or similar functions; and 

 

	 	(iv)	any other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange or professional association. 

“NASDAQ” means the NASDAQ Global Market. 

“Order” means any order, directive, judgment, decree, injunction, decision, ruling, award or writ of any Governmental
Authority. 
 “outstanding Common Shares” means, at any time, the number of Common Shares issued and outstanding at the
relevant time as reflected on the share register of the Company. 
 “Person” means any individual, corporation,
partnership, firm, joint venture, association, joint-stock company, limited liability company, unlimited liability company, trust, unincorporated organization, Governmental Authority or other entity. 

“Share Incentive Plan” means any plan of the Company in effect from time to time pursuant to which Common Shares may be
issued, or options or other securities convertible or exercisable into or exchangeable for Common Shares may be granted, to directors, officers and/or employees of, and/or consultants to, the Company and/or its Subsidiaries; 

  
 -2- 

 “Subsidiary” or “Subsidiaries” means, with respect to any
Person, any corporation, limited liability company, unlimited liability company, joint venture or partnership of which such Person (a) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (i) the total
combined voting power of all classes of voting securities of such entity, (ii) the total combined equity interests, or (iii) the capital or profit interests, in the case of a partnership; or (b) otherwise has the power to vote, either
directly or indirectly, sufficient securities to elect a majority of the board of directors or similar governing body; 
 “Trading
Day” means a day on which the Class A Shares: 
 (i) are not suspended from trading on any national or regional
securities exchange or association or over-the-counter market at the close of business; and 
 (ii) have traded at least once
on the NASDAQ or the national or regional securities exchange or association or over-the-counter market that is the primary market for the trading of the Class A Shares. 

SECTION 1.02 Beneficial Ownership. Solely for purposes of this Agreement, the Shareholder shall be deemed to beneficially own Common
Shares which are beneficially owned by the Shareholder’s direct or indirect Subsidiaries, other than the Company and its direct or indirect Subsidiaries. 

ARTICLE II 
 CORPORATE
GOVERNANCE 
 SECTION 2.01 The Shareholder Approval Rights. For so long as the Shareholder beneficially owns (directly or
indirectly) not less than thirty-three and one-third percent (33 1/3%) of the then outstanding Common Shares, the Company shall not (either directly or indirectly through a Subsidiary) take any of the following actions without the prior written
consent of the Shareholder (such consent not to be unreasonably conditioned, withheld or delayed): 
 a. consolidate or merge into or with
another Person, including pursuant to any amalgamation, recapitalization or reorganization, other than a consolidation, merger or other similar business combination of any Subsidiary of the Company into or with the Company or into or with another
Subsidiary of the Company; 
 b. acquire any shares or similar equity interests, instruments convertible into or exchangeable for shares or
similar equity interests, assets, business or operations in a single transaction or a series of related transactions from any Person (other than the Shareholder or from or between any Subsidiary of the Company) for an aggregate purchase price of
more than ten percent (10%) of the Company’s market capitalization (assuming all of the Class B Shares then outstanding have been converted into Class A Shares on a one-for-one basis) determined based on the daily volume weighted
average price of the Class A Shares on the NASDAQ (or the then primary securities exchange or association or over-the-counter market on which the Class A Shares are listed for trading) over the immediately preceding 20 consecutive Trading
Days prior to the date on which the Board approved such acquisition; 

  
 -3- 

 c. adopt any plan or proposal for a complete or partial liquidation, dissolution or winding up
of the Company or any of its Subsidiaries or any reorganization or recapitalization of the Company or any of its Subsidiaries or commence any case, proceeding or action seeking relief under any existing or future laws relating to bankruptcy,
insolvency, conservatorship or relief of debtors, other than a voluntary liquidation, dissolution or winding-up of a Subsidiary into another Subsidiary of the Company; 

d. sell, transfer, lease, pledge or otherwise dispose of any of its or any of its Subsidiaries’ assets, business or operations in a
single transaction or a series of related transactions to any Person for an aggregate value of more than ten percent (10%) of the Company’s market capitalization (assuming all of the Class B Shares then outstanding have been converted into
Class A Shares on a one-for-one basis) determined based on the daily volume weighted average price of the Class A Shares on the NASDAQ (or the then primary securities exchange or association or over-the-counter market on which the
Class A Shares are listed for trading) over the immediately preceding 20 consecutive Trading Days prior to the date on which the Board approved such sale, transfer, lease, pledge or other disposition, provided that this Section 2.01(d)
shall not apply to (i) a sale, transfer, lease, pledge or other disposition to the Shareholder, to a Subsidiary or to the Company or another Subsidiary (in the case of a Subsidiary), (ii) grants of security interests in or mortgages on
liens in favor of a bona fide third party lender to the Company or any of its Subsidiaries or (iii) transfers, assignments, sales or other dispositions as part of a tax equity financing transaction such as sale-leaseback transactions or
partnership flip transactions; 
 e. change the number of directors comprising the Board, except changes required by applicable securities
laws and listing agency rules; 
 f. issue new debt securities or incur or enter into debt or guarantees in an aggregate amount of more than
ten percent (10%) of the Company’s market capitalization (assuming all of the Class B Shares then outstanding have been converted into Class A Shares on a one-for-one basis) determined based on the daily volume weighted average price
of the Class A Shares on the NASDAQ (or the then primary securities exchange or association or over-the-counter market on which the Class A Shares are listed for trading) over the immediately preceding 20 consecutive Trading Days prior to
the date on which the Board approved such issuance, excluding, for the avoidance of doubt, issuances to, from or between the Company or any of its Subsidiaries, Existing Indebtedness on the date hereof, debt approved in accordance with this
Agreement or drawings under any Existing Indebtedness or credit facility approved in accordance with this Agreement or any guarantees in respect of any of the foregoing; or 

g. issue equity securities of the Company, a Subsidiary of the Company or securities convertible into or exercisable or exchangeable for
equity securities of the Company or a Subsidiary of the Company with preferential rights to the Class A Common Shares, other than pursuant to a Share Incentive Plan that has been approved by the Board or between or among the Company and its
Subsidiaries. 

  
 -4- 

 ARTICLE III 

TERMINATION 
 SECTION
3.01 Termination. The term of this Agreement shall commence on the date hereof and expire on the first date on which the Shareholder beneficially owns (directly or indirectly) less than thirty-three and one-third percent (33 1/3%) of the then
outstanding Common Shares. 
 ARTICLE IV 

GENERAL PROVISIONS 

SECTION 4.01 Governing Law. This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the State
of Delaware, excluding any conflict-of-laws rule or principle that might refer the governance or the construction of this Agreement to the law of another jurisdiction irrespective of the choice of laws principles. 

SECTION 4.02 Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in writing and
shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or
by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this
Section 4.02): 
 if to Pattern Energy Group Inc.: 

Pattern Energy Group Inc. 

Pier 1, Bay 3 

San Fransisco, California, 94111 

Attention: General Counsel 

Phone: (415) 283-4000 

Fax: (415) 326-7900 

if to Pattern Energy Group LP: 

Pattern Energy Group LP 

Pier 1, Bay 3 

San Fransisco, California, 94111 

Attention: Director of Legal Services 

Phone: (415) 283-4000 

Fax: (415) 326-7900 

with a copy to: 

  
 -5- 

 Riverstone Holdings LLC 

712 Fifth Avenue #51 

New York, NY 10019 

Attention: 

Phone: 

Fax: 
 SECTION
4.03 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced under any Applicable Law all other conditions and provisions of this Agreement shall nevertheless remain in full force and
effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the greatest extent possible. 

SECTION 4.04 Entire Agreement. Except as otherwise expressly provided in this Agreement, this Agreement constitutes the entire
agreement of the parties hereto with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the parties hereto with respect to the subject matter of this
Agreement. 
 SECTION 4.05 Assignment; No Third-Party_ Beneficiaries. 

(a) The Shareholder may assign this Agreement, in whole but not in part, to any Person to whom Common Shares are transferred by the Shareholder
and who agrees to become party hereto and to be bound by this Agreement, provided, however, for greater certainty, that the approval rights in Section 2.01 shall remain in effect and inure only for the benefit of one successor
shareholder that individually meets the ownership thresholds set forth in Section 2.01. The Company may assign this Agreement to any successor that agrees to become party hereto and to be bound by this Agreement. Except as aforesaid, this
Agreement shall not be assigned by any party hereto without the prior written consent of the other party. 
 (b) This Agreement is for the
sole benefit of the parties to this Agreement and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any
nature whatsoever under or by reason of this Agreement. 
 SECTION 4.06 Amendment; Waiver. No provision of this Agreement may be
amended or modified except by a written instrument signed by all the parties hereto. No waiver by any party of any provision hereof shall be effective unless explicitly set forth in writing and executed by the party so waiving. The waiver by either
party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other subsequent breach. 

SECTION 4.07 Rules of Construction. Interpretation of this Agreement shall be governed by the following rules of construction:
(a) words in the singular shall be held 

  
 -6- 

 
to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires, (b) references to the terms Article, Section, paragraph, and
Schedule are references to the Articles, Sections, paragraphs, and Schedules to this Agreement unless otherwise specified, (c) the word “including” and words of similar import shall mean “including, without limitation,”
(d) provisions shall apply, when appropriate, to successive events and transactions, (e) the headings contained herein are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement and
(f) this Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

SECTION 4.08 Currency. All references in this Agreement to “dollars” or “$” are expressed in United States
currency, unless otherwise specifically indicated. 
 SECTION 4.09 Counterparts. This Agreement may be executed in one or more
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or
electronic transmission shall be as effective as delivery of a manually executed counterpart of this Agreement. 
 [SIGNATURE PAGE FOLLOWS]

  
 -7- 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first
written above by their respective duly authorized officers. 
  

					
	PATTERN ENERGY GROUP INC.
		
	By:	 	/s/ Dyann S. Blaine
		 	Name:	 	Dyann S. Blaine
		 	Title:	 	Vice President and Secretary

  

					
	PATTERN ENERGY GROUP LP
		
	By:	 	/s/ Dyann S. Blaine
		 	Name:	 	Dyann S. Blaine
		 	Title:	 	Vice President

  
 -8-

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